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HomeMy Public PortalAbout12 December 11, 2019 CommissionRIVERSIDE COUNTY TRANSPORTATION COMMISSION MEETING AGENDA TIME/DATE: 9:30 a.m. / Wednesday, December 11, 2019 LOCATION: BOARD ROOM County of Riverside Administrative Center 4080 Lemon Street, First Floor, Riverside COMMISSIONERS Chair — Chuck Washington Vice Chair— Ben J. Benoit Second Vice Chair — Jan Harnik Kevin Jeffries, County of Riverside, District 1 Karen Spiegel, County of Riverside, District 2 Chuck Washington, County of Riverside, District 3 V. Manuel Perez, County of Riverside, District 4 Jeff Hewitt, County of Riverside, District 5 Art Welch / Daniela Andrade, City of Banning Lloyd White / Julio Martinez, City of Beaumont Joseph DeConinck / Johnny Rodriguez, City of Blythe Larry Smith / Linda Molina, City of Calimesa Randall Bonner / Jeremy Smith, City of Canyon Lake Raymond Gregory / Mark Carnevale, City of Cathedral City Steven Hernandez / Megan Beaman Jacinto, City of Coachella Wes Speake / Jim Steiner, City of Corona Scott Matas / Russell Betts, City of Desert Hot Springs Clint Lorimore / Todd Rigby, City of Eastvale Linda Krupa / Russ Brown, City of Hemet Dana Reed / Kimberly Muzik, City of Indian Wells Waymond Fermon / Oscar Ortiz, City of Indio Brian Berkson / Chris Barajas, City of Jurupa Valley Kathleen Fitzpatrick / Robert Radi, City of La Quinta Bob Magee / Natasha Johnson, City of Lake Elsinore Bill Zimmerman / Dean Deines, City of Menifee Victoria Baca / Carla Thornton, City of Moreno Valley Scott Vinton / To Be Appointed, City of Murrieta Berwin Hanna / Ted Hoffman, City of Norco Jan Harnik / Kathleen Kelly, City of Palm Desert Lisa Middleton / Jon R. Roberts, City of Palm Springs Michael M. Vargas / Rita Rogers, City of Perris Ted Weill / Charles Townsend, City of Rancho Mirage Rusty Bailey / Andy Melendrez, City of Riverside Andrew Kotyuk / Russ Utz, City of San Jacinto Michael S. Naggar / Maryann Edwards, City of Temecula Ben J. Benoit / Joseph Morabito, City of Wildomar Mike Beauchamp, Governor's Appointee Caltrans District 8 Comments are welcomed by the Commission. If you wish to provide comments to the Commission, please complete and submit a Speaker Card to the Clerk of the Board. RIVERSIDE COUNTY TRANSPORTATION COMMISSION www.rctc.org MEETING AGENDA* *Actions may be taken on any item listed on the agenda 9:30 a.m. Wednesday, December 11, 2019 BOARD ROOM County of Riverside Administrative Center 4080 Lemon Street, First Floor, Riverside, CA In compliance with the Brown Act and Government Code Section 54957.5, agenda materials distributed 72 hours prior to the meeting, which are public records relating to open session agenda items, will be available for inspection by members of the public prior to the meeting at the Commission office, 4080 Lemon Street, Third Floor, Riverside, CA, and on the Commission's website, www.rctc.org. In compliance with the Americans with Disabilities Act, Government Code Section 54954.2, and the Federal Transit Administration Title VI, please contact the Clerk of the Board at (951) 787-7141 if special assistance is needed to participate in a Commission meeting, including accessibility and translation services. Assistance is provided free of charge. Notification of at least 48 hours prior to the meeting time will assist staff in assuring reasonable arrangements can be made to provide assistance at the meeting. 1. CALL TO ORDER 2. ROLL CALL 3. PLEDGE OF ALLEGIANCE 4. PUBLIC COMMENTS — Each individual speaker is limited to speak three (3) continuous minutes or less. The Commission may, either at the direction of the Chair or by majority vote of the Commission, waive this three -minute time limitation. Depending on the number of items on the Agenda and the number of speakers, the Chair may, at his/her discretion, reduce the time of each speaker to two (2) continuous minutes. In addition, the maximum time for public comment for any individual item or topic is thirty (30) minutes. Also, the Commission may terminate public comments if such comments become repetitious. Speakers may not yield their time to others without the consent of the Chair. Any written documents to be distributed or presented to the Commission shall be submitted to the Clerk of the Board. This policy applies to Public Comments and comments on Agenda Items. Under the Brown Act, the Commission should not take action on or discuss matters raised during public comment portion of the agenda that are not listed on the agenda. Commission members may refer such matters to staff for factual information or to be placed on the subsequent agenda for consideration. 5. ADDITIONS / REVISIONS — The Commission may add an item to the Agenda after making a finding that there is a need to take immediate action on the item and that the item came to the attention of the Commission subsequent to the posting of the agenda. An action adding an item Riverside County Transportation Commission Meeting Agenda December 11, 2019 Page 2 to the agenda requires 2/3 vote of the Commission. If there are less than 2/3 of the Commission members present, adding an item to the agenda requires a unanimous vote. Added items will be placed for discussion at the end of the agenda. 6. APPROVAL OF MINUTES — NOVEMBER 13, 2019 7. CONSENT CALENDAR —All matters on the Consent Calendar will be approved in a single motion unless a Commissioner(s) requests separate action on specific item(s). Items pulled from the Consent Calendar will be placed for discussion at the end of the agenda. 7A. PROPOSED 2020 COMMISSION/COMMITTEE MEETING SCHEDULE Page 1 Overview This item is for the Commission to adopt its 2020 Commission/Committee Meeting Schedule. 7B. FISCAL YEAR 2018/19 COMMISSION AUDIT RESULTS Overview This item is for the Commission to: Page 6 1) Receive and file the Fiscal Year 2018/19 a) Comprehensive Annual Financial Report (CAFR); b) Local Transportation Fund (LTF) Financial and Compliance Report; c) State Transit Assistance (STA) Fund Financial and Compliance Report; d) State of Good Repair (SGR) Fund Financial and Compliance Report; e) Proposition 1B Rehabilitation and Security Project (Proposition 1B) Accounts Financial and Compliance Reports; f) Low Carbon Transit Operations Program (LCTOP) Account Financial and Compliance Reports; g) Single Audit Report; h) RCTC 91 Express Lanes Fund Financial Report; i) Auditor Required Communications Report; j) Agreed -Upon Procedures Report related to the Appropriations Limit Calculation; k) Agreed -Upon Procedures Report related to the Commuter Assistance Program (CAP) incentives; and I) Management certifications. Riverside County Transportation Commission Meeting Agenda December 11, 2019 Page 3 7C. APPOINTMENT OF UNDERWRITERS FOR COMMISSION FINANCINGS Overview This item is for the Commission to: Page 146 1) Approve the selection of the following firms to provide underwriting services to the Commission in connection with long-term debt financings for a three-year period, with an option to extend for an additional two one-year periods: a) BofA Securities, Inc. (BofA); b) Goldman Sachs & Co. LLC (Goldman Sachs); c) J.P. Morgan Chase (J.P. Morgan); d) Siebert Williams Shank & Co., LLC (Siebert); and e) Wells Fargo Securities (Wells Fargo). 7D. QUARTERLY INVESTMENT REPORT Page 150 Overview This item is for the Commission to receive and file the Quarterly Investment Report for the quarter ended September 30, 2019. 7E. COUNTY OF RIVERSIDE REQUEST FOR ADDITIONAL FUNDS FOR THE SALT CREEK TRAIL Page 236 Overview This item is for the Commission to approve federal Congestion Mitigation and Air Quality (CMAQ) funds in the additional amount of $594,203 for a total amount of $5,684,203 to fully fund construction of the Salt Creek Trail project. 7F. LONG RANGE TRANSPORTATION STUDY Page 239 Overview This item is for the Commission to receive and file the Riverside County Long Range Transportation Study (LRTS). Riverside County Transportation Commission Meeting Agenda December 11, 2019 Page 4 7G. TRANSIT AND INTERCITY RAIL CAPITAL PROGRAM MASTER AGREEMENT Overview This item is for the Commission to: Page 242 1) Approve Agreement No. 20-25-017-00 with the California Department of Transportation (Caltrans) for implementing projects when the Commission is the lead agency for transit projects funded by the Transit and Intercity Rail Capital Program (TIRCP); 2) Adopt Resolution No. 19-018, "Resolution of The Riverside County Transportation Commission Regarding Authorization for The Execution of A Master Agreement and Program Supplements For The State -Funded Projects"; and 3) Authorize the Executive Director, pursuant to legal counsel review, to execute the agreement on behalf of the Commission. 7H. BYLAWS OF THE CITIZENS AND SPECIALIZED TRANSIT ADVISORY COUNCIL Overview This item is for the Commission to: Page 302 1) Approve the revised bylaws of the Citizens Advisory Committee/Social Service Transportation Council (CAC/SSTAC); and 2) Rename the CAC/SSTAC to the Citizens and Specialized Transit Advisory Council (CSTAC). 71. APPROVAL OF AGREEMENTS WITH THE CITIES OF BANNING AND BEAUMONT, CALTRANS, AND WESTERN RIVERSIDE COUNCIL OF GOVERNMENTS FOR THE PREPARATION OF THE INTERSTATE 10/HIGHLAND SPRINGS INTERCHANGE PROJECT STUDY REPORT Page 314 Overview This item is for the Commission to: 1) Approve Cooperative Agreement No. 20-31-008-00 with the cities of Banning and Beaumont for the preparation of a Project Study Report (PSR) for the Interstate 10/Highland Springs Interchange project (Project); 2) Approve Cooperative Agreement No. 20-31-025-00 with Caltrans for its review and oversight of the Project in the amount of $190,000, plus a contingency of $25,000, for a total amount not to exceed $215,000; 3) Authorize the Executive Director or designee to approve contingency work up to the total amount not to exceed as required for the Project; Riverside County Transportation Commission Meeting Agenda December 11, 2019 Page 5 4) Approve Funding Agreement No. 20-72-018-00 with Western Riverside Council of Governments (WRCOG) for the allocation of Transportation Uniform Mitigation Fee (TUMF) Zone funding for the Project; 5) Approve an increase of $240,000 in the Fiscal Year 2019/20 budget for TUMF Zone revenues and Commission and consultant expenditures related to the Project; and 6) Authorize the Executive Director, pursuant to legal counsel review, to execute these agreements on behalf of the Commission. 7J. AMENDMENT WITH WKE, INC. FOR THE INTERSTATE 15/RAILROAD CANYON ROAD INTERCHANGE PROJECT IN THE CITY OF LAKE ELSINORE Overview This item is for the Commission to: Page 350 1) Approve Agreement Amendment No. 17-31-048-07 with WKE, Inc. (WKE) to finish final design services, prepare the project for Ready to List (RTL), and provide construction support related to the Interstate 15/Railroad Canyon Road interchange improvement project (Project) in the amount of $471,167, plus a contingency amount of $47,000, for an additional amount of $518,167, and a total amount not to exceed $4,070,438; 2) Approve Agreement No. 10-72-016-08, Amendment No. 8 to Agreement No. 10-72-016-00, with the city of Lake Elsinore (City) to reprogram $518,167 of Transportation Uniform Mitigation Fees (TUMF) right of way phase funds to the plans, specifications, and estimates (PS&E) phase for the Project; 3) Authorize the Executive Director, pursuant to legal counsel review, to execute the agreements on behalf of the Commission; and 4) Authorize the Executive Director or designee to approve the use of the contingency amount as may be required for the Project. 8. WESTERN RIVERSIDE COUNTY TRAFFIC RELIEF PLAN INVESTMENTS Page 370 Overview This item is for the Commission to approve a 30-year planning horizon and investments in projects and services to be included in a draft Western Riverside County component of the Traffic Relief Plan. Riverside County Transportation Commission Meeting Agenda December 11, 2019 Page 6 9. COUNTYWIDE TRAFFIC RELIEF PLAN DRAFT FRAMEWORK Page 386 Overview This item is for the Commission to provide recommendations and direction to staff on the draft framework of the Countywide Traffic Relief Plan (Plan) in preparation for public circulation of the Plan in January 2020. 10. PRESENTATION OF DRAFT CONNECT SOCAL Page 398 Overview This item is for the Commission to receive and file a presentation from the Southern California Association of Government (SCAG) regarding the Draft Connect SoCal. 11. ELECTION OF RIVERSIDE COUNTY TRANSPORTATION COMMISSION OFFICERS AND APPOINTMENT OF EXECUTIVE COMMITTEE MEMBERS Overview This item is for the Commission to conduct an election of officers for 2020 — Chair, Vice Chair, and Second Vice Chair. 12. ITEM(S) PULLED FROM CONSENT CALENDAR AGENDA 13. COMMISSIONERS / EXECUTIVE DIRECTOR REPORT Overview This item provides the opportunity for the Commissioners and the Executive Director to report on attended meetings/conferences and any other items related to Commission activities. 14. ADJOURNMENT Page 399 The next meeting of the Commission is scheduled to be held on Wednesday, January 8, 2020, Board Room, First Floor, County Administrative Center, 4080 Lemon Street, Riverside. AGENDA ITEM 6 MINUTES RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEETING MINUTES Wednesday, November 13, 2019 1. CALL TO ORDER The Riverside County Transportation Commission was called to order by Chair Chuck Washington at 9:34 a.m. in the Board Room at the County of Riverside Administrative Center, 4080 Lemon Street, First Floor, Riverside, California, 92501. 2. ROLL CALL Commissioners/Alternates Present Commissioners Absent Victoria Baca Rusty Bailey Mike Beauchamp Ben J. Benoit Brian Berkson Russell Betts Randall Bonner Joseph DeConinck Waymond Fermon Kathleen Fitzpatrick Raymond Gregory Berwin Hanna Jan Harnik Steven Hernandez Jeff Hewitt* Kevin Jeffries* Andrew Kotyuk Linda Krupa Clint Lorimore* Bob Magee Lisa Middleton Michael Naggar V. Manuel Perez Dana Reed Wes Speake Karen Spiegel Larry Smith Michael M. Vargas Scott Vinton Chuck Washington Ted Weill Art Welch Lloyd White Bill Zimmerman *Arrived after the meeting was called to order. 3. PLEDGE OF ALLEGIANCE Commissioner Ben J. Benoit led the Commission in a flag salute. 4. PUBLIC COMMENTS Arnold San Miguel, representing Southern California Association of Governments (SCAG), announced the Elected Official Briefings on the draft Connect SoCal, which includes several meetings throughout the six county area and was distributed to the Riverside County Transportation Commission Meeting Minutes November 13, 2019 Page 2 Commissioners. The draft agenda for the 10th Annual Southern California Economic Summit being held on December 5, 2019, at the L.A. Grand Hotel Downtown, which was distributed to the Commissioners. At this time, Commissioner Clint Lorimore joined the meeting. 5. ADDITIONS / REVISIONS There were no additions or revisions to the agenda. 6. APPROVAL OF MINUTES — OCTOBER 17, 2019 M/S/C (Benoit/Zimmerman) to approve the October 17, 2019 minutes as submitted. Abstain: Betts At this time, Commissioner Kevin Jeffries joined the meeting. 7. CONSENT CALENDAR M/S/C (Baca/Benoit) to approve the following Consent Calendar items. Abstain: Jeffries 7A. SINGLE SIGNATURE AUTHORITY REPORT Receive and file the Single Signature Authority report for the first quarter ended September 30, 2019. 7B. REVENUE ESTIMATE FOR COUNTYWIDE TRANSPORTATION IMPROVEMENT AND TRAFFIC RELIEF PLAN Approve a revenue estimate to guide development of the countywide Traffic Relief Plan (Plan). 7C. QUARTERLY PUBLIC ENGAGEMENT METRICS REPORT, JULY — SEPTEMBER 2019 Receive and file the Quarterly Public Engagement Metrics Report for July — September 2019. Riverside County Transportation Commission Meeting Minutes November 13, 2019 Page 3 7D. AGREEMENT FOR EXPRESS LANES CONSULTING SERVICES 1) Award Agreement No. 20-31-001-00 to HNTB Corporation for express lanes consulting services for a five-year term, plus two one-year options to extend the agreement, in an amount of $10 million, plus a contingency amount of $500,000, for a total amount not to exceed of $10.5 million; 2) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreement, including option years, on behalf of the Commission; and 3) Authorize the Executive Director or designee to approve the use of the contingency amount as may be required for these services. 7E. PACHAPPA UNDERPASS CONSTRUCTION CONTRACT AWARD AND AMENDMENT FOR CONSTRUCTION SUPPORT SERVICES 1) Award Agreement No. 19-31-094-00 to SEMA Construction, Inc. (SEMA) to construct the Pachappa Underpass project (Project), in the amount of $8,237,419, plus a contingency amount of $862,581 for potential change orders and supplemental work during construction, for a total not to exceed contract authorization of $9.1 million; 2) Waive informalities and minor irregularities in the SEMA bid; 3) Approve Agreement No. 16-31-051-04, Amendment No. 4 to Agreement No. 16-31-051-00, with Jacobs Project Management Company (Jacobs) to provide construction management (CM), materials testing, and construction surveying services for the Project, for an additional amount of $1,245,509, and a total amount not to exceed $3,245,509; 4) Authorize the Executive Director, or designee, to approve contingency work as may be required for the Project; and 5) Authorize the Chair or the Executive Director, pursuant to legal counsel review, to execute the agreements on behalf of the Commission. 7F. AGREEMENTS WITH THE CALIFORNIA DEPARTMENT OF TRANSPORTATION FOR STATE FUNDING AND SENATE BILL 1 FUNDING FOR THE OPERATION OF THE FREEWAY SERVICE PATROL PROGRAM IN RIVERSIDE COUNTY 1) Approve Agreement No. 20-45-013-00 with the California Department of Transportation (Caltrans) to provide state funding for Fiscal Year 2019/20 for the operation of the Riverside County Freeway Service Patrol (FSP) program in an amount not to exceed $1,702,145; 2) Approve Agreement No. 20-45-016-00 with Caltrans to provide SB 1 funding for FY 2019/20 for the operation of the Riverside County FSP program in an amount not to exceed $1,464,524; and 3) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreements on behalf of the Commission. Riverside County Transportation Commission Meeting Minutes November 13, 2019 Page 4 8. FRAMEWORK FOR IMPLEMENTATION OF THE STATE ROUTES 241/91 EXPRESS LANES CONNECTOR Anne Mayer, Executive Director, provided a detailed overview for the State Routes 241/91 Express Lanes Connector term sheet, the framework for implementation of the 241/91 Express Lanes Connector project, and the associated agreements for each respective governing board's consideration. She stated the term sheet when approved will confirm the priorities for improvements on the corridor. The first priority project is Interstate 15/SR-91 eastbound to northbound express lane connector; the second priority is the 91 westbound corridor operations project (COP), and the third priority is the 91/71 eastbound to northbound connector and then the 241/91 connector. Anne Mayer expressed gratitude to Mike Beauchamp, Caltrans District 8, Ryan Chamberlain, Caltrans District 12, Darrell Johnson, OCTA, and Mike Kraman, TCA for being an important part of the negotiations. Commissioner Wes Speake expressed gratitude to staff in working with all of the partners as the 91 is vital for the Western Riverside County and for other commuters that uses the 91. He expressed that having this project happen will aid commuters and provide less frustration in getting these projects sequenced and built in such away is tremendous. He then expressed appreciation to Anne Mayer for doing such a great job. He explained how the 241/91 connector will take out about 2,400 cars an hour off the general purpose lanes and the large component of the mixing bowl of commuters trying to get out of the toll lanes and get over to SR-241 will help that area work much better. Commissioner Larry Smith congratulated Anne Mayer for putting these three agencies together and doing all that can be done to mitigate a very difficult traffic situation. He inquired about what the state's funding component may be. Anne Mayer replied it was assumed in the RTP planning process that 25 percent of the project costs would be a good request of the state from a participation standpoint. She stated it is known that the congested corridor program is oversubscribed and there will be billions of dollars of projects coming in seeking funding. She explained from a strategic standpoint, it makes sense to request a feasible amount and staff will try to bring 25 percent of the project costs in through the congested corridor program. Commissioner Karen Spiegel expressed gratitude how the three entities worked together and the partnership that needed to happen. She expressed appreciation to Anne Mayer for the patience and professionalism it took to get to this point. Commissioner Spiegel explained at the same time with the Western Riverside County residents having some challenges with the congestion in that area hopefully this proves to have some significant pressure relief for the congestion there and it also helps with the transition into SR-71. She suggested at some point the Commission may need to consider the piece of SR-71 between Riverside and San Bernardino Counties. Riverside County Transportation Commission Meeting Minutes November 13, 2019 Page 5 M/S/C (Vargas/Berkson) to: 1) Approve the State Routes 241/91 Express Lanes Connector term sheet as a framework for future agreements, contingent on all parties agreeing to the term sheet; and 2) Direct staff to work with agencies to prepare associated agreements for each respective governing board's consideration, consistent with the terms included in this report. 9. TRAFFIC RELIEF PLAN STRUCTURE: GEOGRAPHY AND EXPENDITURE CATEGORIES Aaron Hake, External Affairs Director, presented the Traffic Relief Plan structure in terms of geography and expenditure categories, highlighting the following: • Geography — Western County, Coachella Valley, and Palo Verde Valley and the Policy: return to source by sub -region • Expenditure Categories — Reducing congestion and connecting communities; improving safety and keeping infrastructure in good condition; and supporting seniors, veterans, students, and individuals with disabilities • Committee Direction: Local Streets/Roads o Traditional approach: Cities, County receive automatic formula share for local streets & roads; trade-off: benefits of local returns vs. benefits of impactful regional projects o For the Traffic Relief Plan: Call for projects instead of automatic return; and encourage collaboration between cities, leverage funding In response to Commissioner Spiegel's inquiry about the SB 1 providing the local streets and roads funding but with the funding that has been moved from SB 1 by the Governor is it known what the ultimate result is, Aaron Hake replied as of today the law has not changed and the Governor's proposals have not moved forward. The Governor did propose tying in some SB 1 funds to housing issues in the last session of the Legislature and ultimately that proposal did not advance. He stated SB 1 funds are still flowing as the Legislature passed it and each jurisdiction is receiving an annual formula allocation. In response to Commissioner Spiegel's inquiry that those numbers never changed with the incoming SB 1, as there are two pots of funding, Aaron Hake concurred. He stated the pre SB 1 Gas Tax funds that go to the cities and the counties that formula did not change and SB 1 was additive to that so as CPI increases the amount will increase. Commissioner Spiegel referred to the housing and the recent conversation of Regional Housing Needs Assessment and the number distribution and expressed gratitude to Commissioner Bailey for leading the Commission in standing up to other counties. She asked if those number have been looked at for the three areas where there is going to be Riverside County Transportation Commission Meeting Minutes November 13, 2019 Page 6 a significant increase in housing units over the next eight years. She suggested the Commission really has to focus on that. Anne Mayer replied this has not been done yet, the numbers have not been seen from Commissioner Bailey's proposal and looks forward to seeing those and appreciates the political effort that occurred last week at SCAG. She explained that the housing conversation is going to cut across every funding conversation that occurs in the coming year and she discussed the various funds that would be affected. A filter has not been placed for the housing allocation but in regards to the three categories that have been developed she expressed confidence that any project in any location in the County that is important for housing support and for job creation any project fits in at least one of those three categories if not multiple categories. Anne Mayer stated that is why having a flexible program that allows the Commission to be nimble as the state changes its focus on housing and other policy issues. Commissioner Rusty Bailey referred to the chart on page 130 of the agenda item and stated for Coachella Valley in terms of basis for distribution among jurisdictions 50/50 split, however it is dwelling units versus population. He noted Western and Palo Verde go with population and asked if the Commission should adjust. Anne Mayer replied those are the percentages for the existing sales tax measure, which is how the existing local streets and roads funding is distributed. The dwelling unit and revenue generated formula for the Coachella Valley was implemented decades ago at their request. She suggested if this Commission wants to add a local streets and roads component to the Measure that the Commission should consider what those metrics would be and if dwelling units is a part of it. Anne Mayer stated if the Commission does not carve out a portion for local streets and roads and do a competitive call for projects that the Commission should have dwelling units and population be part of the metric in those evaluations. She explained whether or not these could be changed for the existing Measure she referred to legal counsel to ask if these are in the ordinance. Steve DeBaun, Legal Counsel, replied yes and explained any change to the ordinance would require the Commission goes through the process of approving the ordinance change and having the voters approve it. Commissioner Kevin Jeffries suggested this is a better approach, however small cities are going to be hurt the most as coalitions build to do larger projects and tax payers will continue to pay but will not see any projects in their cities. There will be coalitions that will move all of the funds to some sub region within the County. He expressed if a mass coalition is built and things are going to be taken away from certain parts of the County how is the Commission going to protect those interests. Aaron Hake replied there could be a number of tools should the Commission choose to use them. He explained one would be to enact a local guarantee similar to what is in Riverside County Transportation Commission Meeting Minutes November 13, 2019 Page 7 Measure A currently according to a formula so that each community would have some sort of return to source on an annual basis that they could predict and program going forward. Aaron Hake stated the other approach is should the Commission choose to not do an automatic return to source formula and choose a call for projects approach the Commission would have to adopt the criteria with which that call for projects would go out. The other option is highlighting specific interregional projects that connect certain communities that are a high priority actually calling them out in the plan could be another way to ensure they receive funding. Anne Mayer replied to Commissioner Jeffries that he hit on a key point that has come up in conversations with city managers of smaller cities. In that, they are at a disadvantage from multiple perspectives even if smaller cities get a dedicated amount returned to their city the dollar amount is so small they cannot get some of their most basic projects built, as there is not enough of their resources. She explained in a competition some of the smallest cities will be competing against some of the largest cities. She suggested the Commission focus on criteria that ensures jurisdictions of all sizes has the opportunity to compete fairly and that there is flexibility in the program so that jurisdictions can focus on their priorities and the Commission would have to come up with a structure to allow this. In response to Chair Washington's inquiry if this is the place to do that, Anne Mayer replied that would be direction that is important for staff to know now so that in each layer of the Traffic Relief Plan that could be built in. She stated this is in terms of language and implementation that it is laid out as the expectation and implementation for approval later. Chair Washington clarified in order to give Commissioner Jeffries some certainty is that the Commission is voting on staff recommendation today. Going forward the Commissioners also provided direction to staff to follow up with an analysis that gives every city represented on the Commission the opportunity to compete for funds in order to allow them to complete some significant projects. Commissioner Jeffries concurred with Chair Washington's comments and expressed the Commission has to protect the County interests for those connection funds. He stated being uncertain if the weighted vote ability will still carry over in trying to change the formula if the Commission realizes abuses starting to occur due to a particular sub region become organized and was able to override everybody else. He then inquired if the Commission could weigh in then with the weighted vote and change that after this policy is adopted. Commissioner V. Manuel Perez suggested in the distribution on jurisdictions the population versus dwelling units there should be an analysis of that. He is uncertain if this makes sense today or if this was done years ago. He stated for example in unincorporated areas such as Mecca, Thermal, Oasis, and North Shore there are mobile Riverside County Transportation Commission Meeting Minutes November 13, 2019 Page 8 homes and multiple families live in one mobile home and wondered if this type formula makes sense today as they may be losing out. He reiterated doing further analysis to consider moving forward. Commissioner Raymond Gregory stated in speaking with his city manager and city engineer he understands a lot of their support for this additional tax measure at its core had to do with funds collected coming back locally. His city manager and city engineer's understanding was both locally to the region and some money to address not just the regional issues but also, which is called the last mile segment. Commissioner Gregory clarified what is being seen today is a suggestion is that those funds would not be included and when he goes back to his city to explain that they lose some luster on supporting the sales tax measure in general. Especially if those road segments are not included or guaranteed and expressed if this type of change at this juncture could actually erode some of the support for this and some of the things that would be used to sale an increased tax measure. Anne Mayer requested the slide with the three categories be put back up and expressed appreciation to the Commissioners for raising that issue. She stated at the Traffic Relief Strategy (TRS) Committee meeting CVAG's Executive Director Tom Kirk will be here to discuss how the Coachella Valley implements projects and determines prioritizes. She explained what is being heard from Coachella Valley is a keen interest not only in some of the transformative projects but also state of good repair not only for local road maintenance also to ensure that local roadways are accessible during flooding and other items. She referred to the second item on the slide about improving safety and keeping infrastructure in good condition and she discussed the conversations with CVAG staff regarding those priorities and the staff recommendation to the CVAG Board to decide what the local priorities are. In response to Commissioner Gregory's clarification this is not the final direction, Aaron Hake replied it is important direction and staff is trying to be iterative in this process and build one piece upon the other. Therefore, if staff is aware that they are going in a certain direction it helps and this is not the final there will be an agenda item going forward every month that builds the plan. Commissioner Andrew Kotyuk suggested for the Commission and the committees to take some thought for consideration, as it seems on geography for the Western County the Commission's focus is to be able to move residents in and out of the County to other counties for jobs. He stated Coachella Valley is to move internally around Coachella Valley in through that region but by having these two geographies, he suggested the Commission is missing to tie those two geographies together. There should be a harder artery internally in the County to continue to drive jobs here and connect those two regions and for easy movement between those two regions, which is being missed with how the geography is set up and suggested that be a part of the discussion. Riverside County Transportation Commission Meeting Minutes November 13, 2019 Page 9 Anne Mayer replied this afternoon at the TRS Committee meeting and at the December Commission meeting, there will be discussion about some of the polling work. She stated what is interesting about the polling in Western County and asking people their opinion or in the Coachella Valley almost everyone brings up the 1-10 corridor and the connection within the County. She suggested in response to Commissioner Kotyuk's comment when items are brought forward related to projects and potential programs that connectivity is an important priority as oppose to exporting people to other counties. There is many internal project and program proposals within the County as well. Chair Washington clarified in Riverside County there are two exit entry points that are affected the most on the 91 its Corona in the southwest it is Temecula it is either the 91 or the 15 corridors. He explained when leaving Coachella Valley or going through Coachella Valley in the Pass Area, he suggested the concern for those communities that are greatly impacted by a large number of residents leaving and then coming back is primarily driven by the cost of living. He explained just by the nature of who everyone is as a County and how it has grown creates that issue that Commissioner Kotyuk brought up. Chair Washington concurred that the Commissioners wants to see more jobs come to Riverside County. Commissioner Kotyuk concurred it clearly has been the Commission's position, however as much as the Commissioners understands the history of California the growth moving eastward and has seen the Los Angeles Basin along the 1-215 of all the commercial distribution centers build out and the job growth that is happening. In looking at the real estate in the L.A. Basin for that sort of space, it is highly occupied, and much like the truck climbing lanes the Commission is feeling the need to allow trucks to move eastward. He expressed job growth is coming and pushing eastward as it was mentioned on Beaumont and Coachella Valley that is the next phase for that. Commissioner Kotyuk stated if the Commission owns that much such as real estate development and investment internally that should be part of the discussion. Commissioner Larry Smith referred to Commissioner Jeffries' comment about small cities and stated in the TRS Committee meeting was one that advocated for a call for projects. He explained this should be a competitive call as all the Commissioners have specific needs and coming from a small city, he assumed that would be considered. He suggested the city of Calimesa is a small city but with big city impact as people do make that movement from the east to west into San Bernardino County seeking jobs and affordable housing into through the Pass. Commissioner Smith stated with the continual impact on 1-10 on a daily basis growing and 40 — 60 year old overpasses there needs to be a focus over there along with the neighboring cities Banning and Beaumont, which is impacted by that continual increase of activity on 1-10. Commissioner Kathleen Fitzpatrick expressed appreciation for Commissioner Gregory's comments and explained the city of La Quinta relies heavily on Measure A funds as part of their Capital Improvement Program (CIP) to maintain their streets. She stated a Riverside County Transportation Commission Meeting Minutes November 13, 2019 Page 10 considerable sum is dedicated every year to ensure La Quinta's streets stay at a very high level. Commissioner Fitzpatrick expressed concern for part of that funding going to a larger pool for competitive projects while her city works very well with CVAG and their neighboring cities on large projects and appreciates that movement and being able to do those large projects. She suggested a set aside for local cities that allows them to continue with their CIPs. Anne Mayer clarified that the existing Measure A will not change except for the direction that staff received to look at the potential to reanalyze how the funds is allocated. The existing Measure money that is coming to each Commissioners jurisdictions will not change and as the Commissioners are providing direction on this the Coachella Valley and Western County can make different decisions about local streets and roads and staff would be interested in that feedback. In response to Commissioner Clint Lorimore's inquiry if there was a slide about the discussion of the sub regions and the percentages on page 130, Aaron Hake replied there is no slide with that. Commissioner Lorimore clarified what the Commission is discussing is the amount of sub regional funds for local streets and roads at least in Western County it is listed at 29 percent. He stated his understanding is that 29 percent is up for discussion. Aaron Hake clarified this is speaking to precedent and existing Measure A, this item is not proposing any changes to existing Measure A. He explained this item is about the Traffic Relief Plan the Commission is developing that could go to the voters for additional funding on top of existing Measure A. Mr. Hake stated the table Commissioner Rush referred to simply illustrative of the current scenario of what is happening as a reference point for whether the Commission wants to mimic that in the new plan or go in a different direction. Commissioner Lorimore inquired it is illustrative as to possibly how the Commission could move forward and just adopt what was done in 2009, so currently there is 29 percent that goes back to cities. He clarified there is a suggestion from the TRS Committee that it all goes towards regional as oppose to go back to the cities. Aaron Hake replied the direction that staff has heard from the TRS Committee is that rather than an automatic return to the cities for local street and roads type projects that there still be funding for those type of projects. He explained rather than be distributed by formula that there be a call for projects where cities would propose what types of local streets and roads projects they prefer to do and the committee emphasized wanting to have cities collaborate with each other or try to leverage other local funding to do more impactful local projects. Riverside County Transportation Commission Meeting Minutes November 13, 2019 Page 11 In response to Commissioner Lorimore's inquiry that rather the cities receiving the funds it would be sent to a committee as to whether or not that specific project should be funded, Aaron Hake replied it would be this Commission. Commissioner Lorimore expressed concern he wants to have the funds return to source in some way as that is the position for the city of Eastvale. He expressed appreciation the fact the Commission is trying to address regional issues and regional plans and stated under the current plan his understanding is that 71 percent of the dollars are already going towards that. He stated going into the 29 percent if the Commission were to utilize the 2009 approach it is of concern that will even to dollars that are directly coming into the city to take care of maintenance of roads. Commissioner Jan Harnik assured her colleagues from the Coachella Valley the committee members evaluated the initial polling and it was very strong that there is a return to source in the Coachella Valley. She expressed certainly the Commissioners need to advocate for what they heard their community members say. Commissioner Harnik stated as a guiding principle discussed how Commissioner Bailey walked into the Board Room and received a hero's reception due to his work at SCAG about the Regional Housing Needs Assessment. She expressed how Commissioner Bailey came back to the Commission and discussed Riverside County, all the Commissioners thought regionally, and what was in the best interest of the entire region, which was successful. She explained how Anne Mayer discussed the growing and balance of jobs, housing and the Commission needs to determine what they are doing about it and what infrastructure and amenities are being put into place in these cities to attract jobs, also what education and training is being done. She expressed in regards to the smaller cities there is no question it has to be addressed, and she then discussed in the Coachella Valley how they work under CVAG for the needs, which is when they function the best. Commissioner Steven Hernandez concurred with the Commissioners comments that the Commission should have a small portion that looks at return to source but they can debate that and figure out the percentage at CVAG. He clarified in looking at the categories supporting seniors, veterans, students, and individuals with disabilities if disadvantaged communities could be added. He wanted to ensure some dollars will be set aside for areas that have historically lacked bus routes and access to transportation such as Oasis and Mecca. At this time, Commissioner Jeff Hewitt joined the meeting. Anne Mayer reviewed the requests from the Commissioners for staff to address, and stated the following: With respect to the existing Measure A allocations staff has been asked to look at the basis for distribution amongst jurisdictions in the different geographic areas. That is an existing Measure question so it would be an action item for staff to do that and to come back to this Commission for discussion. There was a concern about small cities being unable to develop their projects they need because they will be Riverside County Transportation Commission Meeting Minutes November 13, 2019 Page 12 competing against larger regional projects or coalitions. There needs to be assurances for small cities and in the unincorporated areas of the County. The Commission needs to look at connection between the different geographic areas within the County and that just because the Commission would be approving Western County, Coachella Valley, and Palo Verde Valley it does not mean the Commission should not be looking at the connection between those areas. Heard concern from multiple jurisdictions about the importance of local funding sources and the return to source and it will probably be a conversation in the Coachella Valley and heard some concerns in Western County as well so that will go back to the Traffic Relief Strategy Committee for discussion. Also heard a request to add in support for disadvantaged communities as well on the third bullet. Chair Washington stated along with staffs recommendation the Commission heard Anne Mayer's elaborate on the additional comments she inquired about and at this time Chair Washington requested a motion and would entertain additional comments. In response to Commissioner Perez's clarification if Anne Mayer mentioned the analysis between population versus dwelling units for today versus back when it was decided, Anne Mayer replied if this is approved by the Commission staff is taking that as an action item to analyze that and come back with a report to the Commission for consideration. Commissioner Spiegel referred to page 129, which was highlighted by Commissioner Harnik and is something she has always advocated for. She stated it is at the very top and it is about infrastructure supporting permanent local jobs and economic development to reduce commuting, which was not brought up in any of the discussions and she wanted to ensure the Commissioners knows it is in there and it needs to be a higher focus then it has been given. She explained regarding the local streets and roads, which several Commissioners commented on different sizes of cities and she inquired that maintaining local roads and transit system is how the Commission is going to look at those local roads dollars. Commissioner Michael Naggar explained the TRS Committee has a lot of work to do. He mentioned at their first committee meeting a couple of things came up and wanted to encourage the Commission to consider these. He expressed the Commission cannot continue to do things the old way the Commissioners has to make a sacrifice on their part as opposed to sitting here and the Commissioners making a grab for individual projects. That money spread out will not help countywide and it is essential that neighboring cities need to collaborate and do projects together. Commissioner Naggar stated that the TRS Committee wanted to encourage the Commissioners to go back to their city council and brainstorm along with their neighboring cities to come up with out of the box ideas. Riverside County Transportation Commission Meeting Minutes November 13, 2019 Page 13 M/S/C (Berkson/Vargas) to approve geographic divisions and expenditure categories for the countywide Traffic Relief Plan (Plan). Abstain: Hewitt No: Bonner, Welch, White 10. ECONOMIC IMPACT STUDY John Standiford, Deputy Executive Director, presented the Economic Impact Study, highlighting the following areas: • The transportation and the economy connection — Analyze benefits and costs to implement Plan o Analysis to be conducted by credible, independent party with knowledge about Riverside County economy o UCR Center for Economic Forecasting & Development fits the criteria • Scope of work: o Phase 1 — Specific economic impacts; and examples of major capital projects and program categories o Phase 2 — Longer -term community impacts o Phase 3 — Impact on consumers and businesses of raising sales tax o Phase 4 — Public information Commissioner Hewitt expressed this still seems to be a one sided deal and is aware the people at UCR are smart but they want to see these things happen and it seems a little bit biased. He explained he prefers to put out to the reason validation or the heritage foundation that would show the actual effects of what a half -cent sales tax has on how businesses come here, stay here, or go. It has to be a balance thing as the Commission is walking a fine line and education has to be unbiased. He expressed voting no on this agenda item as this is very unbiased and going forward he requested equal sides from both sides of this issue. Commissioner Hernandez expressed appreciation for this study particularly in looking at the regressive tax issue when it comes to disadvantaged communities. He stated wanting to understand it in terms of how those taxes or going to benefit these areas where folks that are going to pay the tax in a regressive form, where are they located and what is going to be the impact potentially for them if this is done. He expressed concern that the folks on the low social economic ladder paying this regressive tax and will not get any benefit due to the lack of infrastructure. Commissioner Hernandez clarified it seems the Commission is trying to concentrate where a lot of the congestion is located on a regional basis and wanted to ensure they get something to be able to advance themselves and improve their areas. Riverside County Transportation Commission Meeting Minutes November 13, 2019 Page 14 M/S/C (Perez/Benoit) to: 1) Approve Agreement No. 20-19-012-00 to University of California, Riverside (UCR) School of Business, Center for Economic Forecasting & Development (UCR Center) to perform an economic impacts analysis related to the investment of an additional sales tax for transportation improvements in Riverside County in an amount not to exceed $199,500; and 2) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreement on behalf of the Commission. Abstain: Washington No: DeConinck, Hewitt, Jeffries, Welch, and White 11. AGREEMENT FOR BACK OFFICE SYSTEM AND CUSTOMER SERVICE CENTER OPERATIONS FOR THE 91 EXPRESS LANES IN ORANGE AND RIVERSIDE COUNTIES Jennifer Crosson, Toll Operations Manager, presented the agreement for back office system & customer service center operations for the 91 Express Lanes in Orange and Riverside Counties, highlighting the following: • 91 Express Lanes map for Orange and Riverside Counties • Cooperative agreement with OCTA: o Required by SB 1316 o Jointly operate the 91 Express Lanes — Economic of scale; seamless customer experience; and share staff responsibilities • 91 back office system & customer service center: o Back -office system — telephone and other customer contact systems; hardware and software maintenance; customer service; violations processing and collections; customer account management; payment and mail processing; revenue collection and transaction processing; traffic operations and incident management; emergency services coordination; and transponder inventory management • Current provider: o Cofiroute USA: Operating 91 Express Lanes for OCTA since 1995; added RCTC to agreement in 2013; began operating Riverside Express Lanes in 2017; agreement expires June 2021; and Commission approved extension to December 2021 (if needed for transition to new firm) • 18-month deployment — System design and development; data migration; system installation; and staff hiring & training • Procurement information — OCTA lead agency; RCTC and OCTA jointly develop RFP; competitively negotiated procurement method; and OCTA and RCTC both to approve Riverside County Transportation Commission Meeting Minutes November 13, 2019 Page 15 • Short-listed firms — Cofiroute USA and Conduent Transportation • Evaluation criterion • Evaluation scores — short-listed firms: o Cofiroute — Price score 15.56 — Technical score 66.83 — Total score 82.39 o Conduent — Price score 20.00 — Technical score 54.50 — Total score 74.50 • Cofiroute qualifications — 24 years experience; operator of the 91 since 1995; and positive project references • Cofiroute staffing & project organization — Cofiroute and Toll Plus working together for 10 years; key staff experienced; retaining current staff; and customer focused training • Back off system technical approach — New back office system; hybrid cloud and existing data center; schedule indicates delivery on -time; understand technical requirements; detailed quality assurance program; low data migration risk; and complete schedule with projected on -time delivery • Customer service center (0 & M) approach — Committed to customer service and accuracy of revenue processing; committed to quality assurance program; well - versed in California laws, 91 EL operating policies, and security requirements; established relationships with emergency responders; and favorable third party services identified • Agreement elements — Back office system implementation; initial O & M term (1 to 5 years); first O & M option (6 to 8 years); and second 0 & M option ( to 11 years) • RCTC cost — BOS implementation: $7,124,546; Initial O & M (1 to 5 years): $30,437,693; first option 0 & M (6 to 8 years): $23,662,037; second option O & M (9 to 11 years): $27,367,068 for a total price: $88,591,344 • Contingency — Back office system implementation - $350,000 o 5 year base O & M - $1.5 million o Increase in estimated transaction volumes o Changes in policy o Changes in law o Changes in technology • Pass through costs — postage; address location services; welcome kits; transponder shipping supplies; and website domains At this time, Jennifer Crosson requested Legal Counsel to provide additional information. Steve DeBaun, Legal Counsel, stated staff is asking the Commission to add one additional item to staff recommendations: Public Utilities Code Section 130238 allows the Commission to award a contract of this nature to the most advantageous firm with price only being one factor for consideration. Therefore, staff is asking the Commission to add the following to its motion, as follows: Riverside County Transportation Commission Meeting Minutes November 13, 2019 Page 16 Pursuant to Public Utilities Code Section 130238 the Commission finds that the award to Cofiroute is based upon the facts that are included in the staff report and the staff presentation supporting the award to Cofiroute. In response to Commissioner Spiegel inquiry since the Commission is doing partnerships with TCA who do they use, Jennifer Crosson replied they use Bric for their back office and use Faneiul as their operator and neither of them proposed. Commissioner Spiegel stated with SR-241, there is going to be that relationship, and San Bernardino and eventually Los Angeles will be coming on board. She expressed with all the different entities she wanted to ensure the Commission has that discussion when San Bernardino comes on with the extension of 1-15. She suggested it is much easier to have the same operator and hopefully making it more seamless but with the SR-241 there maybe some challenges. Jennifer Crosson replied that is a good point and of the 2,400 technical requirements some of those were related to setting the Commission up for the additional service of other facilities of the Commission or others if needed. Pricing is transaction based so it sets that up as well for pricing for others. Commissioner Dana Reed stated that he is in support of staff recommendation and has dealt with this company and are definitely top notch. He clarified as part of this contract the Commission continues to be concerned about those motorists that are evading the tolls by claiming that there are three or more people when just a visual indicates that is not the case. He understands this is a back end contract and not an enforcement contract and the Commission should be concerned as the Commission is losing an enormous amount of revenue from people that are evading the tolls. In response to Commissioner Lisa Middleton's inquiry as to what the Commission is actually purchasing, Jennifer Crosson replied the back office system includes the opening of FasTrak accounts for the 91 Express Lanes and the management of the express accounts. The Commission holds prepaid funds and they collect the transactions both from the Commission's in road system and from all the interoperable agencies bring those over post them to the customer accounts. She stated they also do all the account management for those accounts, issuing transponders, replenishing the accounts, intergrading with credit card processors, there is many credit card industry requirements and personally identifiable identity requirements and security requirements. They answers the Commission's phones to answer questions, issue violation notices, and manage the violation process, which is a multistep process of issuing timely notices according to vehicle code. Also escalating them to a collection agency and managing that whole process including administrative reviews with an outside third party. There are capital costs, which is what the $14 million proposed price is to design, develop that system according the Commission's policies and business rules, provide all the hardware Riverside County Transportation Commission Meeting Minutes November 13, 2019 Page 17 and stand that up, including licenses for software. She then discussed the services in terms of operation. In response to Commissioner Middleton's inquiry how many staff is there, Jennifer Crosson replied about 100 staff between the Anaheim and the Corona facility. In response to Commissioner Middleton's inquiry if they are operating out of the Commission's facilities and if they are paying rent, Jennifer Crosson replied the Anaheim facility is a leased building by OCTA for which the Commission and OCTA share the leased costs. The Commission owns the customer service center in Corona and OCTA pays the Commission a lease payment for that. Commissioner Speake clarified with the option years the Commission is talking about an 11-year contract, which concerns him as Commissioner Spiegel commented that there are other operators coming on board and people are going to get better at it. He wanted to know what the triggers those option years, as he understands it is a very complicated system. Jennifer Crosson replied as Commissioner Speake pointed out the Commission did make a decision during the based period as to whether the Commission will enter into the first option or not enter into it as it takes a few years to get these on board. The important part is even though staff separated them into three-year options they do not have to carry out the three-year options. She explained if staff decided in year three the Commission would prefer to have something different the Commission can enter in the first option for a portion of it and start the process. Anne Mayer explained Jennifer Crosson mentioned before that as a part of the procurement they had to prepare a quality plan so as an ongoing part of project management staff will be monitoring their performance against their quality plan, which will be done in conjunction with OCTA. The trigger would be that if OCTA and the Commission believes that there is a need to make a change in the vendor and/or believe there is a benefit to the Commission and the OCTA Board to do so then staff would recommend that the Commission would proceed with an additional procurement. This process is used on all of the Commission contracts with options. She stated all of those option extensions whatever durations that might be would need to be approved by the Commission as a part of the budget process in order to allocate the funds for it and subject to a subsequent agreement amendment. Commissioner Speake expressed the expectation is that people are going to perform and they are not going to perform he believes the Commission has a mechanism to either make them perform or get someone else. He clarified the Commission is entering into an 11 year contract that the Commission is not having any revisit on costs, five years, with options to year 11 and wanted to ensure he understood that correctly. Riverside County Transportation Commission Meeting Minutes November 13, 2019 Page 18 Commissioner Brian Berkson clarified as far as the back office system he took a tour of the entire system including the facilities in Anaheim and it was extremely eye opening and it is open to all the Commissioners to take a tour. He stated the 100 employees were seen working day in and day out to keep things going and one of the biggest things is time consumption of those staff members that run this license plate reading. Each plate number has to read and input by two separate staff members to provide accuracy. Commissioner Berkson inquired if Cofiroute as they design this project will they be looking at away to use technology to their advantage and try to reduce the Commission's costs. As other Commissioners commented, the Commission is in this for up to 11 years and if they find new technology in year six or seven how does the Commission embrace those savings. Jennifer Crosson replied the image processing will no longer be done by Cofiroute by the time this contract comes in, as the Commission's new lanes system provider Kapsch is providing Cofiroute will a fully formed price transaction in six months when the 1-15 project comes on line, which is a more automated process. She discussed the cost savings in the current contract and reallocating those resources to another matter to the SR-60 transition and the performance requirement for Cofiroute to work with the Commission on efficiencies. Steven DeBaun reminded the Chair staff had the additional finding that is being requested as well. He stated pursuant to Public Utilities Code Section 130238 the Commission finds that the award to Cofiroute is based upon the facts that are included in the staff report and in staffs presentation supporting the award to Cofiroute. M/S/C (Berkson/White) to: 1) Award Agreement No. 19-31-059-00 among the Orange County Transportation Authority (OCTA), Riverside County Transportation Commission (RCTC), and Cofiroute USA, LLC (Cofiroute) to provide back - office system (BOS) and customer service center (CSC) operations services for the 91 Express Lanes (91EL) in Orange and Riverside Counties in an amount of $88,591,344, plus a contingency amount of $1,850,000, for a total amount not to exceed $90,441,344; 2) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreement, including options years, on behalf of the Commission; 3) Authorize the Executive Director or designee to approve the use of the contingency amount as may be required by the project; 4) Authorize the payment of pass -through items in an amount not to exceed $10.5 million; and 5) Pursuant to Public Utilities Code Section 130238 the Commission finds that the award to Cofiroute is based upon the facts that are included in Riverside County Transportation Commission Meeting Minutes November 13, 2019 Page 19 the staff report and in staffs presentation supporting the award to Cofiroute. No: Jeffries and Speake At this time, Commissioner Jeffries left the meeting. 12. ITEM(S) PULLED FROM CONSENT CALENDAR FOR DISCUSSION There were no items pulled from the Consent Calendar. 13. COMMISSIONERS/EXECUTIVE DIRECTOR'S REPORT 13A. Commissioner Berkson announced there will be a video shown for the 2019 Jurupa Valley State of the City Address that he did and highlighted and show cased the hard work the men and women from the Commission and other agencies perform for this region every day. This is video is with Commissioner Berkson working alongside with Commission staff members on the 1-15 project. At this time, Commissioner Spiegel left the meeting. After the video was shown, Commissioner Berkson expressed appreciation to the Commission to allow the opportunity not only to serve on this Commission but to participate in such away the brings some highlights to people that deserve to be recognized for things they do that are not involved in that kind of business. He then came up to the podium and presented certificates of recognitions to John Tarascio, Bechtel staff and Cheryl Donahue, Public Affairs Manager. At this time, Commissioner Magee left the meeting. 13B. Anne Mayer announced: • December 4 and 5 the California Transportation Commission (CTC) will be in Riverside having their annual meeting in the Board Room. She expressed appreciation the Railroad Canyon/1-15 Interchange project will be receiving its allocation of state funding at the December CTC meeting. • Expressed appreciation to Caltrans District 8 District Director Mike Beauchamp for the work that his team has been doing along the 1-15 Corridor. They identified some auxiliary lanes in Temecula on the 1-15 for inclusion and funding. She expressed gratitude for receiving correspondence from Mike Beauchamp stating they are also going to analyze the possibility of auxiliary on 1-15 in the city of Corona from SR-91 to Weirick Road. Riverside County Transportation Commission Meeting Minutes November 13, 2019 Page 20 14. CLOSED SESSION 14A. CONFERENCE WITH REAL PROPERTY NEGOTIATORS Pursuant to Government Code Section 54956.8 Agency Negotiator: Executive Director or Designee Item APN(s) Property Owner Buyer(s) 1 102-092-030, 102-092-031, 102-101-002, 102-101-033, 102-101-035, 102-101-037 RCTC JDI Ventures Real Estate LLC 2 118-160-021 RCTC JDI Ventures Real Estate LLC 3 117-111-005 RCTC JDI Ventures Real Estate LLC 4 117-112-001 and 117-112-002 RCTC Cruz Ortega 5 117-112-014 and 117-112-015 RCTC JDI Ventures Real Estate LLC 6 117-122-001 and 117-122-002 RCTC JDI Ventures Real Estate LLC 14B. CONFERENCE WITH REAL PROPERTY NEGOTIATORS Pursuant to Government Code Section 54956.8 Agency Negotiator: Executive Director or Designee Item APN(s) Property Owner Buyer(s) 1 465-030-024 Lisa Li Ju Chen RCTC There were no announcements from the Closed Session Items. 15. ADJOURNMENT There being no further business for consideration by the Riverside County Transportation Commission, Chair Washington adjourned the meeting at 11:37 a.m. The next Commission meeting is scheduled to be held at 9:30 a.m., Wednesday, December 11, 2019, Board Chambers, First Floor, County Administrative Center, 4080 Lemon Street, Riverside. Respectfully submitted, Lisa Mobley Clerk of the Board AGENDA ITEM 7A RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: December 11, 2019 TO: Riverside County Transportation Commission FROM: Lisa Mobley, Clerk of the Board THROUGH: Anne Mayer, Executive Director SUBJECT: Proposed 2020 Commission/Committee Meeting Schedule STAFF RECOMMENDATION: This item is for the Commission to adopt its 2020 Commission/Committee Meeting Schedule. BACKGROUND INFORMATION: The Commission is scheduled to meet on the second Wednesday of each month at 9:30 a.m. The Executive Committee is scheduled at 9:00 a.m. on the same day. Due to the February Commission meeting falling on Lincoln's Birthday, a holiday observed by the County of Riverside, the February Commission meeting will not be held. Due to the November Commission Meeting falling on Veteran's Day, the meeting will be rescheduled to a date to be determined. For 2020, the annual Commission Workshop will be held on Thursday, January 30 and Friday, January 31 at the Hilton Palm Springs. Due to the timing of the annual workshop, the January Budget and Implementation and Western Riverside County Programs and Projects Committees will not be scheduled. The Commission's policy committees — Budget and Implementation and Western Riverside County Programs and Projects — meet on the fourth Monday of each month at 9:30 a.m. and 1:30 p.m., respectively. For 2019, these Committees will not meet in May due to a holiday. In September 2019, the Commission approved the formation of the Traffic Relief Committee, which meets on the fourth Monday of the month at 11:30 a.m. through June 2020. Additionally, the Toll Policy and Operations Committee meets on the fourth Thursday of the months of February, May, August and November at 11:00 a.m., except when the fourth Thursday falls on a holiday. There are times when a committee meeting may be cancelled due to lack of substantive agenda items. When this occurs, the Commissioners will be notified and items are forwarded directly to the Commission for final action. Attachment: Proposed 2020 Commission/Committee Meetings Schedule Agenda Item 7A 1 RIVERSIDE RCTC COUNTY TRANSPORTATION 2020 MEETING COMMISSION SCHEDULE Meeting Date (Wednesday) Commission Location Executive Committee Location January 8 9:30 a.m. Board Room 9:00 a.m. RCTC March Field Conf. Rm. January 30- January 31 Meeting / Workshop 1:30 p.m. (Thursday)* 8:30 a.m. (Friday)* Hilton Palm Springs N/A N/A March 11 9:30 a.m. Board Room 9:00 a.m. RCTC March Field Conf. Rm. April 8 9:30 a.m. Board Room 9:00 a.m. RCTC March Field Conf. Rm. May 13 9:30 a.m. Board Room 9:00 a.m. RCTC March Field Conf. Rm. June 10 9:30 a.m. Board Room 9:00 a.m. RCTC March Field Conf. Rm. July 8 9:30 a.m. Board Room 9:00 a.m. RCTC March Field Conf. Rm. August 12 9:30 a.m. Board Room 9:00 a.m. RCTC March Field Conf. Rm. September 9 9:30 a.m. Board Room 9:00 a.m. RCTC March Field Conf. Rm. October 14 9:30 a.m. Board Room 9:00 a.m. RCTC March Field Conf. Rm. November** 9:30 a.m. Board Room 9:00 a.m. RCTC March Field Conf. Rm. December 9 9:30 a.m. Board Room 9:00 a.m. RCTC March Field Conf. Rm. The Commission and the Executive Committee meetings are held on the second Wednesday of each month. *Times are tentative, subject to change. **Date to be determined due to meeting falling on Veteran's Day Holiday. 2020 RCTC Meeting Schedule — V1 2 Meeting Date (Monday) Budget and Implementation Committee Western Riverside County Programs and Projects Committee Location February 24 9:30 a.m. 1:30 p.m. Board Room March 23 9:30 a.m. 1:30 p.m. Board Room April 27 9:30 a.m. 1:30 p.m. Board Room June 22 9:30 a.m. 1:30 p.m. Board Room July 27 9:30 a.m. 1:30 p.m. Board Room August 24 9:30 a.m. 1:30 p.m. Board Room September 28 9:30 a.m. 1:30 p.m. Board Room October 26 9:30 a.m. 1:30 p.m. Board Room November 23 9:30 a.m. 1:30 p.m. Board Room December 28 9:30 a.m. 1:30 p.m. Board Room The meetings of the Budget and Implementation Committee and the Western Riverside County Programs and Projects Committee are held on the fourth Monday of each month, except on holidays. 2020 RCTC Meeting Schedule — V1 3 Meeting Date (Thursday) Toll Policy and Operations Committee Location February 27 11:00 a.m. Riverside — RCTC March Field Conf. Rm. May 28 11:00 a.m. August 27 11:00 a.m. The meetings of the Toll Policy and Operations Committee are held quarterly on the fourth Friday of the months of February, May, August, and November, except when the fourth Thursday falls on a holiday. Meeting Date (Monday) Technical Advisory Committee Location March 16 10:30 a.m. Palm Desert — CVAG Board Room May 18 10:00 a.m. Riverside — RCTC March Field Conf. Rm. July 20 10:30 a.m. Palm Desert — CVAG Board Room September 21 10:00 a.m. Riverside — RCTC March Field Conf. Rm. November 16 10:30 a.m. Palm Desert — CVAG Board Room The meetings of the Technical Advisory Committee are held on the third Monday of every other month, except for holidays. If the meeting falls on a holiday, the meeting is moved to the fourth Monday. Riverside — Commission Office, rC ounty Administrative Center, 4080 Lemon Street, 3 Floor, Riverside, CA Coachella Valley Association of Governments — Board Room, 73-710 Fred Waring Drive, Palm Desert, CA 2020 RCTC Meeting Schedule — V1 4 RIVERSIDE ROTC COUNTY 5 �RTATIDN TRAFFIC COMMISSION RELIEF STRATEGY MEETING SCHEDULE COMMITTEE Meeting Date Time Location September 23, 2019 11:30 a.m. Board Room October 28, 2019 11:30 a.m. Board Room November 25, 2019 11:30 a.m. Board Room January 27, 2020 11:30 a.m. Board Room February 24, 2020 11:30 a.m. Board Room March 23, 2020 11:30 a.m. Board Room April 27, 2020 11:30 a.m. Board Room May 21, 2020* 11:30 a.m. Board Room June 22, 2020 11:30 a.m. Board Room *This meeting is being held on an alternate day due to it falling on a holiday. 2020 RCTC Meeting Schedule — V1 5 AGENDA ITEM 7B RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: December 11, 2019 TO: Riverside County Transportation Commission FROM: Audit Ad Hoc Committee Michele Cisneros, Deputy Director of Finance Theresia, Trevino, Chief Financial Officer THROUGH: Anne Mayer, Executive Director SUBJECT: Fiscal Year 2018/19 Commission Audit Results AUDIT AD HOC COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1) Receive and file the Fiscal Year 2018/19 a) Comprehensive Annual Financial Report (CAFR); b) Local Transportation Fund (LTF) Financial and Compliance Report; c) State Transit Assistance (STA) Fund Financial and Compliance Report; d) State of Good Repair (SGR) Fund Financial and Compliance Report; e) Proposition 18 Rehabilitation and Security Project (Proposition 18) Accounts Financial and Compliance Reports; f) Low Carbon Transit Operations Program (LCTOP) Account Financial and Compliance Reports; g) Single Audit Report; h) RCTC 91 Express Lanes Fund Financial Report; i) Auditor Required Communications Report; j) Agreed -Upon Procedures Report related to the Appropriations Limit Calculation; k) Agreed -Upon Procedures Report related to the Commuter Assistance Program (CAP) incentives; and I) Management certifications. BACKGROUND INFORMATION: In April 2015, Macias Gini & O'Connell, LLP (MGO) was selected to perform the annual audit of the Commission's financial statements included in the CAFR, LTF, STA, RCTC 91 Express Lanes, and federal awards. As a result of receipt of SGR funds for transit infrastructure repair and service improvements and Proposition 18 and LCTOP funds for commuter rail rehabilitation and security projects, separate audits are required for these funds. Additionally, MGO performs agreed -upon procedures related to the annual Appropriations Limit Calculation and the CAP incentives and reports on compliance with commercial paper debt covenants. The audits, compliance Agenda Item 7B procedures, and agreed -upon procedures for the fiscal year ended June 30, 2019, have been completed, and MGO issued all reports. The Commission's CAFR consists of three sections: introductory, financial, and statistical. While the introductory and statistical sections were not audited by MGO, the basic financial statements included a financial section were audited by MGO. The Commission received an unmodified opinion on its basic financial statements from MGO, which is the highest form of assurance. Limited procedures were performed related to the required supplementary information, including Management's Discussion and Analysis section; such information was not audited. The other supplementary information was subject to the auditing procedures applied in the audit of the basic financial statements, and, in the opinion of the auditors, it is fairly stated in relation to the basic financial statements. The basic financial statements include government -wide financial statements, fund financial statements, and notes to the financial statements. Management's Discussion and Analysis section provides a narrative overview and analysis of the Commission's financial activities for the fiscal year. Financial highlights and significant matters of the basic financial statements include: • Net position of approximately $339.5 million at June 30, 2019, compared to approximately $195.3 million at June 30, 2018, reflects a net increase of approximately $144.2 million from governmental and business -type activities. • The net increase in net position consists of a net increase of approximately $141.0 million from governmental activities and a net increase of approximately $3.2 million from business -type activities. • Governmental fund balances of approximately $790.2 million at June 30, 2019, compared to approximately $776.0 million at June 30, 2018, represent an increase of approximately $14.2 million from the prior year. • During the year ended June 30, 2019, the Commission made its first draw of $14.9 million on the Transportation Infrastructure Finance and Innovation Act (TIFIA) loan related to the Interstate 15 Express Lanes project (1-15 ELP). The amounts drawn on the $152.2 million TIFIA loan is recorded as a liability on the government -wide financial statements as of June 30, 2019, and as other financing sources on the fund financial statements for the year ended June 30, 2019. The audit reports related to the separately issued financial statements of the LTF, STA, SGR, Proposition 1B, and LCTOP also reflect unmodified opinions from MGO. These financial statements are required to be issued separately under the Transportation Development Act (TDA) and the provisions for Proposition 1B and LCTOP; however, the LTF, STA, and SGR financial position and operations are included in the fund financial statements in the CAFR. The Proposition 1B and LCTOP financial position are part of the General and Measure A Western Agenda Item 7B 7 County Commuter Rail funds. These reports noted no matters considered to be a material weakness in internal control and no instances of noncompliance. The 2019 Single Audit Report includes the reports on compliance and internal control over financial reporting and over federal awards. These reports noted no matters considered to be a material weakness in internal control and no instances of noncompliance. The RCTC 91 Express Lanes Financial Statements include the Independent Auditors' Report, Management's Discussion and Analysis, and Financial Statements, including Notes to Financial Statements. Financial highlights include net deficit of approximately $274.6 million, which consisted of: • Net investment in capital assets of approximately ($299.9) million reflecting toll -supported debt in excess of capital assets; and • Restricted net position of approximately $25.3 million for toll operations in accordance with debt indentures and agreements. The deficit in net investment in capital assets will be reduced by future toll revenues for the payment of outstanding toll debt obligations. As a result of the establishment of the commercial paper program in March 2005, the bank reimbursement agreement requires a report from the auditor regarding compliance with certain covenants. The report issued by MGO indicated that nothing came to the auditor's attention that caused the auditors to believe the Commission failed to comply with these covenants. A management letter usually includes recommendations for improvements and operational efficiencies related to the internal control and other matters notes during the audit. MGO did not have any recommendations or comments on other matters; therefore, it did not issue a management letter. The Appropriations Limit Calculations and CAP reports are based on specific procedures agreed to by the Commission. For the Appropriations Limit Calculation and CAP, the auditors noted no exceptions or findings related to the procedures performed. As required by American Institute of Certified Public Accountants Auditing Standards Board Statement No. 114, The Auditor's Communications With Those Charged with Governance, the Commission's auditor is required to make certain annual communications to the Commission's Audit Ad Hoc Committee, or its equivalent, regarding the audit of the Commission's financial statements following the completion of the audit. The annual audit for FY 2018/19 conducted by MGO was completed in October 2019. The report to the Audit Ad Hoc Committee from the auditor contains the required communications about the audit. As part of the development of the Commission's Accountability Program, the directors have completed certifications relating to financial reporting and operational disclosures. Agenda Item 7B 8 Attachments: 1) 2019 Comprehensive Annual Financial Report (Posted on Commission Website) 2) 2019 Local Transportation Fund Financial and Compliance Report 3) 2019 State Transit Assistance Fund Financial and Compliance Report 4) 2019 State of Good Repair Fund Financial and Compliance Report 5) 2019 Proposition 18 Rehabilitation and Security Project Accounts Financial and Compliance Reports 6) 2019 Low Carbon Transit Operations Program Account Financial and Compliance Reports 7) 2019 Single Audit Report 8) 2019 RCTC 91 Express Lanes Fund Financial Report 9) 2019 Commercial Paper Compliance Report 10) 2019 Report to the Audit Ad Hoc Committee 11) 2019 Agreed -Upon Procedures Report related to the Appropriations Limit Calculation 12) 2019 Agreed -Upon Procedures Report related to the Commuter Assistance Program incentives 13) 2019 Executive Director and Chief Financial Officer Certification 14) 2019 Director's Certification 15) Auditor's Presentation to the Audit Ad Hoc Committee Agenda Item 7B 9 ATTACHMENT 1 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 Express Lanes SR-60 /1-215 FISCAL YEAR ENDED JUNE 30, 2019 EIWOMMIZEORT Riverside County Transportation Co • ission Riverside County, Califo, VanClub k City of Indio local streets and roads RIVERSIDE COUNTY TRANSPORTATION COMMISSION EXPRESS LANES ENTRANCE RIVERSIDE COUNTY TRANSPORTATION COMMISSION RIVERSIDE COUNTY, CA COMPREHENSIVE ANNUAL FINANCIAL REPORT Fiscal Year Ended June 30, 2019 Submitted by: Theresia Trevino, Chief Financial Officer Michele Cisneros, Deputy Director of Finance 91 Express Lanes CONTENTS Introductory Section Letter of Transmittal i Organization Chart ix List of Principal Officials and Management Staff x Financial Section Independent Auditor's Report 1 Management's Discussion and Analysis 3 Basic Financial Statements Government -wide Financial Statements Statement of Net Position 20 Statement of Activities 21 Fund Financial Statements Governmental Funds Balance Sheet —Governmental Funds 22 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position 25 Statement of Revenues, Expenditures and Changes in Fund Balances —Governmental Funds 26 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities 29 Proprietary Fund Statement of Fund Net Position 30 Statement of Revenues, Expenses and Changes in Fund Net Position 31 Statement of Cash Flows 32 Notes to Financial Statements 34 Required Supplementary Information Budgetary Comparison Schedules General Fund 77 Major Special Revenue Funds 78 Schedule of Proportionate Share of Net Pension Liability 81 Schedule of Pension Contributions 82 Schedule of Changes in the Net OPEB Liability and Related Ratios 83 Schedule of OPEB Contributions 84 Notes to Required Supplementary Information 85 Other Supplementary Information Nonmajor Governmental Funds 89 Combining Balance Sheet 90 Combining Statement of Revenues, Expenditures and Changes in Fund Balances 92 Contents, Continued Financial Section, Continued Schedule of Revenues, Expenditures and Changes in Fund Balances —Budget and Actual Nonmajor Special Revenue Funds 94 Capital Projects Funds 97 Debt Service Fund 98 Schedule of Expenditures for Local Streets and Roads by Geographic Area —All Special Revenue Funds 99 Schedule of Expenditures for Transit and Specialized Transportation by Geographic Area and Source —All Special Revenue Funds 100 Schedule of Uses of Debt Proceeds and Fund Balances 101 Statistical Section Statistical Section Overview 103 Primary Government Net Position by Component 104 Changes in Primary Government Net Position 106 Fund Balances of Governmental Funds 110 Changes in Fund Balances of Governmental Funds 112 Sources of County of Riverside Taxable Sales by Business Type 114 Direct and Overlapping Sales Tax Rates 116 Principal Taxable Sales Generation by City 117 Measure A Sales Tax Revenues by Program and Geographic Area 118 Measure A Sales Tax by Economic Category 119 Measure A Revenues and Pledged Revenue Coverage 120 Ratios of Outstanding Debt by Type 122 Computation of Legal Debt Margin 124 Demographic and Economic Statistics for the County of Riverside 126 Employment Statistics by Industry for the County of Riverside 127 Full-time Equivalent Employees by Function/Program 128 Operating Indicators 130 Capital Asset Statistics by Program 132 INTRODUCTORY SECTION RIVERSIDE COUNTY TRANSPORTATION COMMISSION October 31, 2019 4080 Lemon Street, 3rd Floor • Riverside, CA Mailing Address: P. O. Box 12008 • Riverside, CA 92502-2208 (951) 787-7141 • Fax (951) 787-7920 • www.rctc.org To the Riverside County Transportation Commission Commissioners and Citizens of the County of Riverside: Letter of Transmittal State law requires that the Riverside County Transportation Commission (Commission or RCTC) publish within six months of the close of each fiscal year a complete set of financial statements presented in conformity with accounting principles generally accepted in the United States (GAAP) and audited in accordance with generally accepted auditing standards by independent certified public accountants. Pursuant to that requirement, we hereby issue the Comprehensive Annual Financial Report (CAFR) of the Commission for the fiscal year ended June 30, 2019. Management assumes full responsibility for the completeness and reliability of all of the information presented in this report, based upon the Commission's comprehensive framework of internal controls established for this purpose. Because the cost of internal control should not exceed anticipated benefits, the objective is to provide reasonable, rather than absolute, assurance that the financial statements are free of any material misstatements. Macias Gini & O'Connell LLP has issued an unmodified opinion on the Commission's financial statements for the year ended June 30, 2019. The independent auditor's report is located at the front of the financial section of this report. Management's Discussion and Analysis (MD&A) immediately follows the independent auditor's report and provides a narrative introduction, overview, and analysis of the basic financial statements. MD&A complement this letter of transmittal and should be read in conjunction with it. Profile of RCTC's Governance and Responsibilities State law established the Commission in 1976 to oversee the funding and coordination of all public transportation services within the county of Riverside (County). The Commission's mission is to assume a leadership role in improving mobility in Riverside County and to maximize the cost effectiveness of transportation dollars in the County. The governing body is the Board of Commissioners (Board), which consists of all five members of the County Board of Supervisors, one elected official from each of the County's 28 cities, and one non -voting member appointed bythe Governor. The Commission is responsible for setting policies, establishing priorities, and coordinating activities among the County's various transportation operators and agencies. The Commission also programs and/or reviews the allocation of federal, state, and local funds for highway, transit, rail, non -motorized travel (bicycle and pedestrian), and other transportation activities. The Commission has developed two express lanes projects; the RCTC 91 Express Lanes opened in March 2017 and the 15 Express Lanes are expected to open in mid 2020. The Commission also serves as the tax authority and implementation agency for the voter -approved Measure ATransportation Improvement Program, which imposes a half -cent sales tax to fund transportation improvements. Originally approved in 1988 (1989 Measure A), Riverside County's voters in 2002 approved a 30-year extension of Measure A commencing July 1, 2009 through June 30, 2039 (2009 Measure A). The Commission is also legally responsible for allocating Transportation Development Act (TDA) funds, the major source of funds for transit in the County. The TDA provides two major sources of funding: Local Transportation Fund (LTF), which is derived from a one -quarter cent state sales tax, and State Transit Assistance, which is derived from the statewide sales tax on gasoline and diesel fuel. Eastvale► ®Norco Corona t' ti Riverside Lek Nee 'Lake Elsinore Canyon Lake Wildomar Murrieta 74 Menke San Jacinto Hemet ake Temecula Desert Hot Springs Palm Springs Cathedral City Rancho Mirage Palm Desert Indian Wells La Duinta Additionally, the Commission provides motorist aid services designed to expedite traffic flow. These services include the Service Authority for Freeway Emergencies (SAFE), a program that provides call box service for motorists, and the Freeway Service Patrol (FSP), a roving tow truck service to assist motorists with disabled vehicles on the main highways of the County during peak rush hour traffic periods. The motorist aid program also includes the operation of the Inland Empire 511 (IE51 1) system which provides comprehensive real time traveler information for freeways, bus and rail transit, and rideshare services. All services are provided at no charge to motorists and are funded through a $1 surcharge on vehicle registrations; FSP also receives state allocations. The Commission is financially accountable for SAFE, a legally separate entity that is blended within the Commission's financial statements. Finally, the Commission has been designated as the Congestion Management Agency (CMA) for the County.As the CMA,the Commission coordinates with local jurisdictions in the establishment of congestion mitigation procedures for the County's roadway system. The Commission is required to adopt a budget priorto the beginning of each fiscal year. The annual budget, which includes all funds, serves as the foundation for the Commission's financial planning and control regarding staffing, operations, and capital plans. The budget is prepared by fund (financial responsibility unit), department, and function. Management has the discretion to transfer budgeted amounts within the financial responsibility unit according to function. During the fiscal year, all budget amendments requiring Board approval are presented to the Board for consideration and adoption. Local Economy Riverside County has specific competitive advantages over nearby coastal counties (Los Angeles, Orange, and San Diego) including housing that was (and remains) more available and affordable, lower commercial real estate lease and purchase costs, and land available for development at lesser costs. Riverside County's economy has thrived, reflecting those specific competitive advantages over its neighboring counties, largely as a result of the County's continuing ability to draw jobs, residents, and affordable housing away from the Los Angeles, Orange, and San Diego county areas. As a result, the County's employment and commercial base has become more diversified, and the County's share of the regional economy has increased. Riverside County's local economy is experiencing significant improvement since the nationwide recession, which had a significant impact on the Inland Empire (i.e., San Bernardino and Riverside counties). Notable areas of growth include employment, population, and a more diverse economic base. Sales tax revenues have rebounded from the economic downturn's low point in 2010, with Measure A and LTF growing each year through FY 2018/19. Transportation Uniform Mitigation Fee (TUMF) revenues increased 26%, reflecting a continued demand for residential single family and multi -family housing. While the foundation for continued economic growth is in place, the Commission faces formidable ongoing challenges in terms of providing needed infrastructure enhancements to support a population and an economy that has outgrown the capacity of its existing infrastructure. Fortunately, the foundation of the regional economy continues to retain many of the fundamental positive attributes that fueled its earlier growth, including lower priced real estate with proximity to coastal communities, a large pool of skilled workers, and increasing wealth and education levels. Long-term Financial Planning Proactive financial planning is a critical element for the success of the Commission as it builds for the future. Continually reviewing revenues and projecting expenditures and expenses ensures that the Commission's expectations are realistic and goals are achievable. Scarce resources, especially at the state and federal level, can be directed to projects of regional significance or, with additional funding, project priorities can be expanded to address unfunded project requirements or developing needs. At the state level, transportation funding is a source of continuing debate regarding future priorities. Sustainability has become a statewide priority and will likely impact the direction of state funding for many years into the future, and California's Cap and Trade program (which has been reauthorized) could prove to be a source of funding for transit services. Voters upheld recent legislation by rejecting Proposition 6, which would have reversed recent raises to vehicle registration fees and the state gas tax to fund transportation projects. Another bill, Senate Bill (SB) 132, provides $427 million from the state's budget to fund five important new transportation projects in Northwest Riverside County. This includes two grade separations in Jurupa Valley and Corona, a new bridge over the Santa Ana River at Hamner Avenue in Norco, improvements to the Interstate 15 (I-15)/Limonite Avenue interchange, and a new express lanes connector between the RCTC 91 Express Lanes and the future 15 Express Lanes. Construction on the I-15/Limonite Avenue interchange is nearing completion, and preliminary engineering work has commenced on the other projects. All of the SB 132 projects are required to be completed prior to 2023. The 15/91 express lanes connector will be especially important to the Commission and will provide a needed direct express lane to express lane connection between State Route 91 (SR-91) and the northern portion of 1-15. Additional legislation also provided the Commission with added flexibility in delivering the project by allowing for the use of the design -build or the construction manager general contractor method of procurement. A number of contract amendments and agreements are now in place to ensure timely delivery of the project and a design -build contract will be awarded in early 2020. The news on the federal level is somewhat less predictable. In December 2015, the comprehensive transportation bill known as Fixing America's Surface Transportation Act - or FAST Act - superseded Moving Ahead for Progress in the 21 st Century (MAP-21) which originally expired in June 2014.The federal government will continue to be a source of highway funding through the Surface Transportation Block Grant Program (formerly, Surface Transportation Program) and the Congestion Mitigation Air Quality program, since the FAST Act continues these programs at roughly the same funding level. The FAST Act expires in September 2020. The Commission's transit partners for capital programs also need federal dollars. Capital Project Delivery and Implementation —Completing Past Promises for a Better Future The Capital Project Development and Delivery Department is responsible for major highway and rail capital projects from initial environmental study through preliminary engineering, final design, right of way acquisition, and construction. The Commission is currently in the midst of an unprecedented era of transportation investment in Riverside County. The results can be seen with numerous projects under construction, increasingly popular and successful transit service, and promises of more on the way in the near future. There are also a number of iii notable completed projects - providing tangible examples of the Commission completing promises that were made to voters who approved Measure A. The Commission has developed a track record of success which is taking shape throughout the County as evidenced in the following project types. Highways: In February 2012 the Commission amended its Western Riverside County (Western County) Highway Delivery Plan to include a truck lanes safety project on SR-60 in the Badlands area in place of a similar nearby project on I-10. In partnership with Caltrans, the Commission is the project sponsor and Caltrans is the lead agency for preliminary engineering using federal funds. With a total project cost estimated at $122 million, construction of the project began in early 2019. The project adds truck climbing and deceleration lanes, wider shoulders, and additional safety improvements to a 4.5-mile segment of the highway. 2020 To Be A Big Year: In addition to the construction of the SR-60 truck lanes, a number of other highway projects will progress during 2020. Many of these projects are part of a new Western Riverside County Highway Delivery Plan, which was approved by the Commission in July 2019. 1-15 Express Lanes Southern Extension: Environmental work is already under way to extend the 15 Express Lanes an additional 14.5 miles to the city of Lake Elsinore. A series of public scoping meetings will be held in late 2019 that will be part of the comprehensive environmental review process. 1-15 Railroad Canyon Interchange: The Commission will serve as the lead agency to expand the 1-15 interchange at Railroad Canyon Road in the city of Lake Elsinore. The $45 million project will widen the street over the freeway and make a number of needed improvements to increase capacity of the on and off ramps and auxiliary lanes at the location. Placentia Interchange to link 1-215 and future Mid County Parkway: In early 2020, the Commission will start the very first component of the Mid County Parkway (MCP), a new 16 mile east -west corridor between the cities of San Jacinto and Perris.This project will add a new freeway interchange at Placentia Avenue that will link to the MCP and improve a segment of Placentia Avenue in the city of Perris. 71/91 Interchange: Funding for the construction of a new connector between the eastbound SR- 91 and northbound SR-71 in the city of Corona has been secured. This $121 million project has environmental clearance and could begin the construction phase in 2020. 91 Freeway Corridor Operations Project: The Commission, in partnership with Caltrans, the Orange County Transportation Authority, the Transportation Corridor Agencies, and the city of Corona, is conducting engineering and environmental studies to support the 91 Corridor Operations Project. The Commission is leading the development of the project. The proposed project would add an auxiliary lane on westbound SR-91 from the Green River Road on -ramp to the southbound SR-241 connector. The auxiliary lane, located next to the exterior shoulder, would help relieve westbound traffic congestion through this heavily traveled corridor. Pending project approvals and securing funding, work could begin in 2020 and would take about 15 months to complete. Commuter Rail: Since 1993 the Commission has held title to and managed the 38-mile San Jacinto Branch Line and several adjacent properties in anticipation of offering Metrolink commuter rail service to a wider area of the County, initially including Moreno Valley and Perris and ultimately to Hemet/San Jacinto. The completion of the Perris Valley Line project in June 2016 completed yet another promise made to voters in Measure A. The Perris Valley Line provides Riverside County with a foundation for better transit service involving a combination of commuter rail, local buses and active transportation improvements. It added 24 miles of commuter rail service in Riverside County Perris - South station iv with stops in Riverside -Hunter Park/University California Riverside (UCR), Moreno Valley/March Field, Perris -Downtown and Perris -South. The project used a combination of federal Small Starts Grant funding, Measure A and State Transportation Improvement Program dollars. Ridership on the new extension has increased with a targeted marketing campaign and rider discounts. Active Transportation: Non -motorized transportation options are becoming an increasingly important part of California's transportation infrastructure, and the Commission has taken a leadership role in assisting local jurisdictions by funding and advocating for projects vying for state funding. The Commission is also heading up project development for the Santa Ana River Trail - a multiuse facility that will provide a bike, pedestrian and equestrian trail to link San Bernardino, Riverside and Orange Counties for cyclists, pedestrians and equestrians. Toll Program Exceeding Expectations 91 Express Lanes Offer a New Choice: The SR-91 Corridor Improvement Project (91 Project) through Corona opened in March 2017. Since that opening, use of the 91 Express Lanes has far exceeded a conservative ramp -up period that was expected for the facility. During its two years of operation, use of the RCTC 91 Express Lanes exceeded expectations and traffic conditions on the corridor have improved with the addition of the new capacity. 1-15 Express Lanes Project 1-15 Express Lanes - The Next Project: The 1-15 Express Lanes Project is now under construction and will add two tolled express lanes of approximately 15 miles in length, in each direction in the median of 1-15. The facility is expected to open in mid 2020 and will operate somewhat differently from othertoll facilities in the region by offering multiple access points to enter and exit the express lanes. The 1-15 Express Lanes will also feature dynamic pricing, which is designed to adjust tolls throughout the day to reflect actual traffic conditions rather than being bound by a set time of day schedule. 79 Realignment Remains an Important Priority: Another large planning effort affecting the Hemet and San Jacinto communities is the realignment of SR-79. This 2009 Measure A project is undergoing early project development, which was partially funded through the TUMF program and federal earmarks. An environmental document was approved in January 2017 to allow the realignment of SR-79 between Domenigoni Parkway, south of SR-74, and Gilman Springs Road, north of San Jacinto. The project would realign the highway to provide a more direct route within the San Jacinto Valley. Current work on this project includes acquisition of right of way needed for mitigation and to protect cultural sites. TUMF Plays an Important Role In the Coachella Valley, a TUMF program was established shortly after the passage of the 1989 Measure A. The program requires developers to pay a fee on new development to fund arterial improvements. Cities are required to participate in the program or forfeit Measure A local dollars to Coachella Valley Association of Governments, which oversees the arterial program and has been successful in funding a number of important arterial and freeway interchange projects. With the passage of the 2009 Measure A, a TUMF program with participation requirements similar to that in the Coachella Valley is in place in Western County and administered by the Western Riverside Council of Governments. TUMF funds received by the Commission are split evenly between new corridors, including the MCP, and regional arterials, including local projects and the SR-79 realignment project. To date under the regional arterial program, 18 projects have been completed, one project will be under construction in 2020, and one project remains in pre -construction. v Rail Development, Operations and Support As one of five funding partners in the Southern California Regional Rail Authority, which operates the Metrolink commuter rail service, the Commission is engaged in a continual exercise of consensus building with its partners to provide effective regional service. Now consisting of seven lines serving six counties, the system carries an average of slightly more than 40,000 passengers each weekday. The Commission owns and operates nine stations served by the three Metrolink lines operating through the County, including four new stations along the Perris Valley Line that commenced carrying passengers in June 2016. The Commission's Perris -Downtown station is a multimodal facility also serving Riverside TransitAgency bus operations and providing park and ride spaces. It continues to serve as an important regional bus terminal. The Riverside Downtown Operations Control Center provides monitoring of closed circuit televisions at the stations as well as facilities for train crews. • Riverside Line: Originates in the Riverside -Downtown station and stops at the Jurupa Valley-Pedley station before proceeding through Ontario, Pomona, Industry, and Montebello to Los Angeles Union Station. Daily ridership averages 3,868 riders. • Inland Empire Orange County (IEOC) Line: Begins in nearby San Bernardino with stops at the Riverside -Downtown, Riverside -La Sierra, Corona -North Main, and Corona -West stations before entering Orange County with stops in Anaheim Canyon, Orange, Santa Ana, Tustin, Irvine, Laguna Niguel/Mission Viejo, San Juan Capistrano, San Clemente and Oceanside. When initiated, this service was described as the first suburb -to -suburb commuter rail service in the nation. Average daily ridership on the IEOC line was 4,656. This line also provides weekend service. • 91/Perris Valley Line: Provides service from Perris to Los Angeles with stops in Perris -South, Perris - Downtown, Moreno Valley/March Field, Riverside -Hunter Park/UCR, Riverside -La Sierra, Corona - North Main, Corona -West, Fullerton, Buena Park, Norwalk, and Commerce before terminating at Union Station. Daily patronage on the line averages 3,293. A part of this line between Riverside and Los Angeles offers weekend service, and new weekend service from Perris started in October 2019. Commuter Services Acting in its capacity as the regional transportation planning agency (RTPA) and the SAFE for Riverside County, the Commission provides a variety of commuter services to increase mobility, safety, and air quality throughout the region. As the RTPA, the Commission applies Measure Afundsto administer the Commuter Assistance Program (CAP) to ease congestion, maximize the efficiency of its transportation investments, and reduce emissions from single occupant vehicle trips with the following programs and services: Commuter/Employer Rideshare Services: In partnership with San Bernardino County Transportation Authority (SBCTA), the Commission helps Riverside and San Bernardino commuters discover their best commute through IE Commuter, the flagship of the CAP. In just a few clicks, www.iecommuter.org users can access all of their time and money saving transportation options (carpool partners, bus, and rail) and incentives available to them. Additionally, through IE Commuter, the Commission partners heavily with local employers to implement and maintain rideshare activities at work sites throughout Riverside and San Bernardino counties. IE Commuter continues to leverage technology to increase awareness, consideration, and use of alternative modes to improve mobility and air quality throughout the region. Rideshare Incentives: The most prominent commuter incentive continues to be the Rideshare Incentives, a short-term incentive that offers $2 per day for each day new ride sharers use an alternate mode of transportation in a three-month period. Long-term ride sharers are recognized and rewarded for their continuing commitment to use alternate modes of transportation to and from work with access to discounts at over 360,000 nationwide merchants through Rideshare Plus. vi Vanpool Subsidies: In May 2018,the Commission launched VanClub, which provides ongoing subsidies to eligible vanpools commuting to employer worksites in Western County. In FY 2018/19, VanClub supported an average of 67 vans per month resulting in the reduction of 128,060 trips, 4.7 million miles and 2,536 tons of emissions throughout the region. Park and Rides: Working in partnership with Caltrans, the Commission leases excess parking from business and civic institutional partners to facilitate ridesharing and to expand the system's park and ride capacity. There are approximately 2,900 park and ride spaces available in Riverside County. Motorist Assistance: As the SAFE, the Commission also administers the Motorist Assistance Program to provide the following services designed to promote mobility and safety for motorists traveling through Riverside County: Freeway Service Patrol: The FSP program is a special team of 26 tow trucks roving along 12 beats on portions of SR-60, SR-91, 1-15, and 1-215 within the County during peak, weekday commuter hours to assist drivers when their vehicles break down or experience other mechanical problems. Thanks in part to the approval of SB 1, which provided more funding to FSP programs, the Commission has been able to expand the service to additional areas along the 1-15 in southwestern Riverside County. The purpose of the FSP is to clear debris and remove disabled vehicles from the freeway as quickly as possible to help keep freeway traffic moving during rush hour periods. Another effort augments existing FSP service with additional tow trucks in construction areas as another means of construction - related congestion mitigation. The Riverside County SAFE and the State fund the FSP. During FY 2018/19, the FSP provided 44,607 assists. This includes incremental FSP weekend service, funded by the Southern California Air Quality Management District's Mobile Source Air Pollution Reduction and Review Committee, on segments of SR-91 and SR-60. Call Boxes: In cooperation with the California Highway Patrol and Caltrans, the Commission assists motorists who experience accidents, mechanical breakdowns, or other unforeseen problems by providing access to cellular call boxes with enhanced reception along the County's major highways. In response to the proliferation and continued growth of cell phone usage and declining demand and use of call boxes, the Commission approved a substantial reduction to the call box system in 2017 and 2019. A cost effective backbone of 156 call box units will remain in place and serve more than 346 centerline miles of highways. The call box program is funded by Riverside County SAFE revenue, an annual $1 surcharge added to vehicle registrations. In FY 2018/19, call box operators answered approximately 1,384 calls from motorists. Traveler Information: To further promote mobility, the Commission in partnership with the SBCTA, provides motorists with access to real-time freeway travel information and incident information on Southern California highways through its 1E511 Traveler Information system. 1E511 is designed to promote mobility by fostering more informed travel decisions to avoid congestion and is available via the telephone by dialing 511 from any landline or cell phone within Riverside or San Bernardino County, online at www.ie51 1.org, or the IE51 1 mobile app. To date, the 1E511 mobile app has been downloaded by more than 67,000 users. IE511 is funded with Riverside County SAFE funds in addition to SBCTA reimbursements. In FY 2018/19, 1E511 serviced approximately 214,000 web visits and 114,000 phone calls. Specialized Transit The Commission has maintained a long-term commitment to assist in the mobility of those with specialized transit needs. Through its Specialized Transit Program, the Commission has provided millions of dollars to public and nonprofit transit operators to assist in the provision of special transit services to improve the vii mobility of seniors, persons with disabilities and persons with low incomes. Along with traditional dial -a - ride services, the Commission supports innovative programs providing transit assistance in hard -to -serve rural areas or for riders having very special transit needs. The Commission develops a Public Transit -Human Services Coordinated Plan every four years. In the 2016 update, the Commission identified service gaps, additional qualified populations as well as underserved areas of Riverside County in need of transit services. To address these transit needs, a Universal Call for Projects for Specialized Transit (Universal Call) is held every three years and provides funding awards in Western County. The 2018 Universal Call awarded approximating $8.2 million to 18 public and nonprofit agencies using Measure A funding over a three-year period from FY 2018/19 through FY 2020/21. During FY 2018/19, public and nonprofit operators provided over 175,000 one-way trips funded by Measure A in Western County. Consideration of an Additional Sales Tax Program Work is underway to develop a comprehensive countywide transportation study for approval in 2019. This will help inform another effort to complete a countywide traffic relief plan, which could become the basis of a new expenditure plan for an additional half -cent sales tax. The Commission will consider whether to seek voter approval for the plan in mid-2020. Additional local revenue will help close a growing number of transportation gaps as the County continues to grow in population and employment. Awards and Acknowledgements The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the Commission for its CAFR for the fiscal year ended June 30, 2018. This was the 26th consecutive year the Commission has achieved this prestigious award. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized CAFR. This report must satisfy both GAAP and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe our current CAFR continues to meet the Certificate of Achievement Program's requirements, and we are submitting it to the GFOAto determine its eligibility for another certificate. The CAFR each year is a collaborative effort by Commission staff and its independent auditors. The undersigned are grateful to all staff for their willingness to expend the effort necessary to ensure the financial information contained herein is informative and completed within established deadlines. Special thanks must be extended to the Finance staff, program management and staff, and Commission's auditors for the time, effort, and commitment so vital for the final completion of the CAFR. 6�9 � {�nl titi,�lti• 111. :tt ILIL ti i 11:L:111 11.1 1•.N.t1/4•1It uti !I: 1 111.51:::;II E�:Iw lrli 115 11. Pri•Ak l veil CrarnrrrINININ S •mmnomm, L .41.1•1 •1� 0 P In closing, without the leadership and the support of the Board, preparation of this report would not have been possible. Its prudent management must be credited for the strength of the Commission's fiscal condition, and its vision ensures that the Riverside County Transportation Commission will be on the move planning for and building a better future for Riverside County residents and commuters. Very truly yours, ANNE MAYER THERESIATREVINO Executive Director Chief Financial Officer viii Riverside County Transportation Commission Organizational Chart Board of Commissioners Legal Counsel Deputy Executive Director Human Resources Administrator Chief Financial Officer External Affairs Director Clerk of the Board Procurement Manager Deputy Director of Finance Public Affairs Manager Legislative Affairs Manager ommu er Motorist Assistance M.n..-r Deputy Clerk of the Board Information Technology Administrator Records Technician Senior Procurement Analyst Senior Administrative Assistant Senior Financial Analyst Accountant Accounting Technician (2) Accounting Assistant (2) Senior Office Assistant Senior Management Analyst Senior Administrative Assistant Management Analyst Rail Manager Management Analyst Multimodal Services Director r �� � Planning & Programming Director Project Delivery Director Toll Program Director Transit ManagerManagement Analyst Planning & Programming t Manager Capital Projects Manager(4) Senior Management Analyst Management Analyst Right of Way Senior Manager Management Analyst (3) Facilities Manager Toll Project Manager Toll Operations Manager Capital Projects Manager Toll Technology Manager Toll Senior Management Analyst IX Riverside County Transportation Commission List of Principal Officials Name Board of Commissioners Title Agency Kevin Jeffries Member County of Riverside, District 1 Karen Spiegel Member County of Riverside, District 2 Chuck Washington Chair (Commission) County of Riverside, District 3 V. Manuel Perez Member County of Riverside, District 4 Jeff Hewitt Member County of Riverside, District 5 Art Welch Member City of Banning Lloyd White Vice Chair (Budget and Implementation Committee) City of Beaumont Joseph DeConinck Member City of Blythe Larry Smith Member City of Calimesa Randall Bonner Member City of Canyon Lake Raymond Gregory Member City of Cathedral City Steven Hernandez Member City of Coachella Wes Speake Member City of Corona Scott Matas Member City of Desert Hot Springs Clint Lorimore Member City of Eastvale Linda Krupa Chair (Budget and Implementation Committee) City of Hemet Dana Reed Member City of Indian Wells Waymond Fermon Member City of Indio Brian Berkson Chair (Western Riverside County Programs and Projects Committee) City of Jurupa Valley Kathleen Fitzpatrick Member City of La Quinta Bob Magee Member City of Lake Elsinore Bill Zimmerman Member City of Menifee Victoria Baca Member City of Moreno Valley Scott Vinton Member City of Murrieta Berwin Hanna Member City of Norco Jan Harnik 2nd Vice Chair (Commission) City of Palm Desert Lisa Middleton Member City of Palm Springs Michael M. Vargas Vice Chair (Western Riverside County Programs Ted Weill Rusty Bailey Andrew Kotyuk Michael S. Naggar Ben Benoit Mike Beauchamp and Projects Committee) Member Member Member Member Vice Chair (Commission) Governor's Appointee City of Perris City of Rancho Mirage City of Riverside City of San Jacinto City of Temecula City of Wildomar Caltrans, District 8 Director Management Staff Anne Mayer, Executive Director John Standiford, Deputy Executive Director Michael Blomquist, Toll Program Director Marlin Feenstra, Project Delivery Director Aaron Hake, External Affairs Director Shirley Medina, Planning and Programming Director Lorelle Moe -Luna, Multimodal Services Director Theresia Trevino, Chief Financial Officer x RIVERSIDE COUNTY TRANSPORTATION COMMISSION Financial HOMO I Ilk I CLIC ZMZ certuied mime: Accountants Independent Auditor's Report Board of Commissioners Riverside County Transportation Commission Riverside, California We have audited the accompanying financial statements of the governmental activities, the business -type activities, each major fund, and the aggregate remaining fund information of the Riverside County Transportation Commission (the Commission) as of and for the year ended June 30, 2019, and the related notes to the financial statements, which collectively comprise the Commission's basic financial statements, as listed in the table of contents. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Commission's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Commission's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business -type activities, each major fund, and the aggregate remaining fund information of the Commission, as of June 30, 2019, and the respective changes in financial position, and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. Macias Gini & O'Connell LLP 4675 MacArthur Court, Suite 600 Newport Beach, CA 92660 www.mgocpa.com 1 Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management's discussion and analysis, budgetary comparison schedules and information related to the pension and other postemployment benefit plans, as listed in the table of contents, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Commission's basic financial statements. The combining and individual nonmajor fund financial statements, budgetary comparison schedules, schedules of expenditures, and schedule of uses of debt proceeds and fund balances, as listed in the table of contents as other supplementary information, and other information, such as the introductory and statistical section, are presented for purposes of additional analysis and are not a required part of the basic financial statements. The combining and individual nonmajor fund financial statements, budgetary comparison schedules, schedules of expenditures and schedule of uses of debt proceeds and fund balances are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual nonmajor fund financial statements, budgetary comparison schedules, schedules of expenditures and schedule of uses of debt proceeds and fund balances are fairly stated, in all material respects, in relation to the basic financial statements as a whole. The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on them. /10-ct•Ls 6)11+ if CketVid r Newport Beach, California October 31, 2019 2 Riverside County Transportation Commission Management's Discussion and Analysis Year Ended June 30, 2019 As management of the Riverside County Transportation Commission (Commission), we offer readers of the Commission's financial statements this narrative overview and analysis of the Commission's financial activities for the fiscal year ended June 30, 2019. We encourage readers to consider the information on financial performance presented here in conjunction with the transmittal letter on pages i-viii and the Commission's financial statements which begin on page 20. Financial Highlights • Total net position of the Commission was $339,545,929 and consisted of net investment in capital assets of $407,083,162; restricted net position of $820,131,347; and unrestricted net position (deficit) of ($887,668,580). • The governmental activities unrestricted net deficit results primarily from the recording of the debt issued for Measure A highway, local streets and roads, and regional arterial projects. As title to substantially most of those assets vests with the State of California (State) Department of Transportation (Caltrans) or local jurisdictions, there is no asset corresponding to the liability. Accordingly, the Commission does not have sufficient current resources on hand to cover current and long-term liabilities; however, future Measure A sales taxes are pledged to cover Measure A debt service payments when made. • Total net position increased by $144,218,986 during fiscal 2019. An increase in net position from governmental activities of $141,047,952 was primarily due to an increase in operating grants and contributions, capital grants and contributions, Measure A sales taxes, Transportation Development Act sales taxes, as well as unrestricted investment earnings; a decrease in general government and CETAP program expenses, as well as interest expense; and offset by an increase in commuter rail, highways, local streets and roads, regional arterials, and transit and specialized transportation program expenses. An increase in net position from business -type activities of $3,171,034 was primarily due to an increase in charges for services and investment earnings, offset by a slight increase in expenses, and internal transfers of surplus funds for the 91 Corridor Operations project and excess investment earnings. • Total capital and intangible assets, net of accumulated depreciation and amortization, were $819,810,293 and $239,801,144 at June 30, 2019, respectively, representing an increase of $89,986,860, or 9%, from June 30, 2018. The increase in capital assets was primarily related to construction in progress costs for the I-15 Express Lanes project and rail station improvement costs. The decrease in intangible assets was related to the current year amortization, offset by a transfer of costs for the completed construction of tolled express lanes from the governmental activities capital assets to business -type activities intangible assets. • The long-term liabilities net decrease of $5,886,137 related to principal payments on sales tax revenue bonds, amortization of sales tax revenue bonds premium, and payment for the MSHCP funding liability, offset by a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan drawn down on the I-15 Express Lanes project and compounded and accreted interest on the TIFIA loans and 2013 Toll Revenue Bonds, respectively. • The Commission's governmental funds reported combined ending fund balances of $790,214,073, an increase of $14,176,533 compared to fiscal 2018 primarily due to increased sales taxes and intergovernmental revenues, as well as investment income, offset by increased commuter rail, highways, local streets and roads, regional arterials, and transit and specialized transportation expenditures. Approximately 69% of the governmental fund balances represent amounts available for the Measure A program, including debt service and funding from the issuance of debt, and the TUMF program. 3 Overview of the Financial Statements This discussion and analysis are intended to serve as an introduction to the Commission's basic financial statements, which are comprised of three components consisting of government -wide financial statements, fund financial statements, and notes to the financial statements. This report also contains required supplementary information and other supplementary information in addition to the basic financial statements. Government -wide Financial Statements The government -wide financial statements are designed to provide readers with a broad overview of the Commission's finances, in a manner similar to a private -sector business. The statement of net position presents information on all of the Commission's assets, liabilities, and deferred outflows/inflows of resources with the difference reported as net position. Overtime, increases or decreases in net position may serve as a useful indicator of whether the financial position of the Commission is improving or deteriorating. The statement of activities presents information showing how the Commission's net position changed during the fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported for some items that will only result in cash flows in future fiscal periods. The government -wide financial statements report the functions of the Commission that are principally supported by sales taxes and intergovernmental revenues, or governmental activities, from other functions that are intended to recover all or a significant portion of its costs through user fees and charges, or business -type activities. The governmental activities of the Commission include general government, the Measure A program, Community and Environmental Transportation Acceptability Process (CETAP), commuter assistance, regional arterials, commuter rail, transit and specialized transportation services, planning and programming, bicycle and pedestrian facilities projects, and motorist assistance services. Measure A program services are divided within the three regions of Riverside County (County), namely Western County, Coachella Valley, and Palo Verde Valley. The business -type activities of the Commission include toll road operations. The government -wide financial statements include only the Commission and its blended component unit. The government -wide financial statements can be found on pages 20-21 of this report. Fund Financial Statements A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. Fund accounting is used to ensure and demonstrate compliance with finance -related legal requirements. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government -wide financial statements; however, governmental fund financial statements focus on near -term inflows and outflows of spendable resources and on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government's near - term financing requirements. Since the focus of governmental funds is narrower than that of the government -wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government -wide financial statements. As a result, readers may better understand the long-term impact of the government's near -term financing decisions. Both the governmental fund balance sheet and related statement of revenues, expenditures and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. 4 The Commission maintains 16 individual governmental funds. Information is presented separately in the governmental fund balance sheet and in the related statement of revenues, expenditures and changes in fund balances for the Commission's major governmental funds comprised of the General fund; Measure A Western County, Measure A Coachella Valley, Transportation Uniform Mitigation Fee (TUMF), Local Transportation Fund (LTF), State Transit Assistance, and SB 132 Special Revenue funds; Commercial Paper and Bonds Capital Projects funds; and Debt Service fund. Data from the other six governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these nonmajor governmental funds is provided in the form of combining statements in the other supplementary information section. The Commission adopts an annual appropriated budget for the General fund, all Special Revenue funds, all Capital Projects funds, and the Debt Service fund. Budgetary comparison schedules have been provided for the General fund and major Special Revenue funds as required supplementary information and for the nonmajor Special Revenue funds and the Capital Projects and Debt Service funds as other supplementary information to demonstrate compliance with these budgets. The governmental fund financial statements, including the reconciliation between the fund financial statements and the government -wide financial statements, can be found on pages 22-29 of this report. The proprietaryfund consists of an enterprise fund, which is used to report the same functions presented as business -type activities in the government -wide financial statements. The Commission uses an enterprise fund to account for its toll road operations. Proprietary fund financial statements provide the same type of information as the government -wide financial statements, only in more detail. The proprietary fund financial statements provide separate financial information of the RCTC 91 Express Lanes, which is a major enterprise fund of the Commission. The proprietary fund financial statements can be found on pages 30-33 of this report. Notes to the Financial Statements The notes provide additional information that is essential to a full understanding of the data provided in the government -wide and fund financial statements. The notes to the financial statements can be found on pages 34-74 of this report. Other Information Other information is in addition to the basic financial statements and accompanying notes to the financial statements. This report also presents certain required supplementary information concerning the Commission's budgetary results for the General fund and major Special Revenue funds as well as the schedules of proportionate share of net pension liability, pension contributions, changes in the net other post -employment benefits (OPEB) asset and related ratios, and OPEB contributions. Required supplementary information can be found on pages 77-85 of this report. Other supplementary information is presented immediately following the required supplementary information. Other supplementary information includes the combining statements referred to earlier relating to nonmajor governmental funds; budgetary results for the nonmajor Special Revenue funds, all Capital Projects funds, and the Debt Service fund; schedules of expenditures for local streets and roads and expenditures for transit and specialized transportation; and schedule of uses of debt proceeds and fund balances. This other supplementary information can be found on pages 89-101 of this report. Government -wide Financial Analysis As noted previously, net position may serve over time as a useful indicator of a government's financial position. At June 30, 2019, the Commission's assets exceeded liabilities by $339,545,929, a $144,218,986 increase from June 30, 2018. Our analysis below focuses on the net position and changes in net position of the Commission's governmental and business -type activities. 5 Net Position Approximately 120%, compared to 124% in 2018, of the Commission's net position reflects its net investment in capital assets (i.e., intangibles, construction in progress; land and improvements; toll infrastructure; buildings; construction and rail operating easements; rail stations; rail tracks; office improvements; development in progress; transponders; and office furniture, equipment, and vehicles), less any related outstanding debt used to acquire those assets, primarily related to land and tolled express lane projects. The Commission uses these capital assets to provide transportation services to the residents and business community of the County. Although the Commission's investments in capital assets is reported net of related debt, the resources used to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. For business -type activities, the related debt for the RCTC 91 Express Lanes exceeded the capital assets, net of accumulated depreciation. The most significant portion of the Commission's net position represents resources subject to external restrictions on how they may be used. Restricted net position from governmental activities represented approximately 129% and 169% of the total governmental activities net position at June 30, 2019 and 2018, respectively. Restricted net position from governmental activities decreased by $6,526,530, as a result of the increased commuter rail, highways, local streets and roads, regional arterials, and transit and specialized transportation program expenses, offset by increased operating and capital grants and contributions, sales taxes, and unrestricted investment earnings. Unrestricted net position represents the portion of net position that can be used to finance day-to- day operations without constraints established by debt covenants, enabling legislation, or other legal requirements. Unrestricted net position from governmental activities changed from a $857,485,575 deficit at June 30, 2018 to a $887,668,580 deficit at June 30, 2019. The governmental activities deficit results primarily from the impact of recording of the Commission's long-term debt, consisting of bonds issued for Measure A highway, local street and road, and regional arterial projects. While a significant portion of the debt has been incurred to build these projects which are capital assets, upon completion most projects are transferred to Caltrans or the local jurisdiction. Accordingly, such projects are not assets of the Commission that offset the long-term debt in the statement of net position. Certain reclassifications have been made to 2018 amounts to conform to the 2019 presentation. Such reclassifications had no effect on the previous reported change in net position. 6 The following is condensed financial data related to net position at June 30, 2019 and June 30, 2018: Net Position Governmental -Activities 2019 2018 Business-T . e Activities Total 2019 2018 2019 2018 Current and other assets Capital assets not being depreciated Capital assets, net of depreciation Intangible assets, net of amortization Total assets Deferred outflows of resources Total assets and deferred outflows of resources Long-term obligations Other liabilities Total liabilities Deferred inflows of resources Total liabilities and deferred inflows of resources Net position: Net investment in capital assets Restrided Unrestricted (deficit) Net position at end of year $ 863,920,518 $ 844,630,845 $155,219,789 $ 89,085,530 $1,019,140,307 $ 933,716,375 484,129,864 379,768,175 38,736,133 43,207,039 522,865,997 422,975,214 279,626,359 280,571,027 17,317,937 22,032,516 296,944,296 302,603,543 - 239,801,144 244,045,820 239,801,144 244,045,820 1,627,676,741 1,504,970,047 451,075,003 398,370,905 2,078,751,744 1,903,340,952 40,172,143 42,863,182 277,686 310,156 40,449,829 43,173,338 1,667,848,884 1,547,833,229 451,352,689 398,681,061 2,119,201,573 1,946,514,290 926,889,816 953,564,990 669,327,649 648,538,612 1,596,217,465 1,602,103,602 126,193,666 120,668,602 56,578,412 27,877,895 182,772,078 148,546,497 1,053,083,482 1,074,233,592 725,906,061 676,416,507 1,778,989,543 1,750,650,099 623,173 505,360 42,928 31,888 666,101 537,248 1,053,706,655 1,074,738,952 725,948,989 676,448,395 1,779,655,644 1,751,187,347 706,935,587 529,178,100 (299,852,425) (286,349,191) 407,083,162 242,828,909 794,875,222 801,401,752 25,256,125 8,581,857 820,131,347 809,983,609 (887,668,580) (857,485,575) - - (887,668,580) (857,485,575) $ 614,142,229 $ 473,094,277 $ (274,596,300) $ (277,767,334) $ 339,545,929 $195,326,943 Changes in Net Position The Commission's total program and general revenues were $582,510,599, while the total cost of all programs was $438,291,613. Total revenues increased by 33%, and the total cost of all programs increased by 7%. Those who directly benefited from the programs or other governments that subsidized certain programs with grants and contributions paid approximately 51 % of the costs of the Commission's programs in 2019, compared to 40% of the costs in 2018. Sales taxes ultimately financed a significant portion of the programs' net costs. Governmental and business -type activities increased the Commission's net position by $144,218,986, and condensed financial data related to the change in net position is presented in the table below. Key elements of this increase are as follows: • Charges for services increased by $7,990,327 or 16%, due to toll operations on the RCTC 91 Express Lanes; • Operating grants and contributions increased by $47,721,181 or 105%, primarily due to state reimbursements related to the I-15/Limonite interchange and Jurupa and McKinley Avenue grade separation projects; • Capital grants and contributions increased by $7,648,154, or 11 %, primarily due to federal and state reimbursements related to the I-15 Express Lanes and the 15/91 Express Lanes Connector projects; • Measure A sales tax revenues increased by $24,903,339, or 14%. This increase is primarily a result of the California Department of Tax and Fee Administration (CDTFA) resolving the backlog of sales tax returns due to the implementation of a new system in May 2018; • Transportation Development Act (TDA) sales taxes increased by $20,142,673, or 18%, as a result of an increase in Local Transportation Fund (LTF) revenues related to the CDTFA backlog resolution and State Transit Assistance (STA) revenues; • Unrestricted investment earnings increased $15,011,435, or 169%, due to higher interest rates and unrealized gains on investments; 7 " Other miscellaneous revenues increased $763,931, or 31%, due primarily to the sale of rail and highway properties not included in capital assets; and " The net loss on sale of capital assets of $3,263,872, related to the sale of excess properties recorded as capital assets. Changes in Net Position Governmental -Activities Business-T .eActivities 2019 2018 2019 2018 2019 Total 2018 Revenues Program revenues: Charges for services Operating grants and contributions Capital grants and contributions General revenues: Measure A sales taxes TDA sales taxes Unrestricted investment earnings (loss) Other miscellaneous revenue Gain (loss) on sale of capital assets, net $ 324,574 93,084,805 74,558,439 $ 310,884 $ 58,423,461 $ 50,446,824 $ 58,748,035 $ 50,757,708 45,363,624 - - 93,084,805 45,363,624 66,910,285 - - 74,558,439 66,910,285 201,204,995 176,301,656 131,021,230 110,878,557 21,130,957 8,916,321 3,261,873 2,497,942 443,461 - 2,764,137 (3,707,333) - 201,204, 995 176,301,656 - 131,021,230 110,878,557 (32,662) 23,895,094 8,883,659 - 3,261,873 2,497,942 (3,263,872) Total revenues 525,030,334 411,179,269 57,480,265 Expenses General government Bicycle and pedestrian facilities CETAP Commuter assistance Commuter rail Highways Local streets and roads Motorist assistance Planning and programming Regional arterials Toll operations Transit and specialized transportation Interest expense Total expenses Excess (deficiency) of revenues over (under) expenses Transfers Increase (decrease) in net position Net position at beginning of year Net position at end of year 50,414,162 582,510,599 461,593,431 1,295,384 3,654,628 - - 2,319,895 1,142,306 - - 1,398,238 22,285,913 - - 3,612,855 3,668,307 - - 48,553,459 36,578,920 - - 91,086,623 79,234,802 61,470,359 53,639,698 4,403,671 3,835,612 - 4,340,660 4,758,503 - 17,048,413 12,897,557 - - - 51,331,835 49,452,297 117,766,548 90,185,227 - - 33,663,673 46,421,211 - 386,959,778 358,302,684 51,331,835 138,070,556 52,876,585 6,148,430 2,977,396 (14,949,641) (2,977,396) 49,452,297 961,865 144,218,986 53,838,450 14,949,641 1,295,384 3,654,628 2,319,895 1,142,306 1,398,238 22,285,913 3,612,855 3,668,307 48,553,459 36,578,920 90,474,639 79,234,802 61,470,359 53,639,698 4,403,671 3,835,612 4,340,660 4,758,503 17,048,413 12,897, 557 51,943,819 49,452,297 117,766,548 90,185,227 33,663,673 46,421,211 438,291,613 407,754,981 141,047,952 37,926,944 3,171,034 15,911,506 144,218,986 53,838,450 473,094,277 435,167,333 (277,767,334) (293,678,840) 195,326,943 141,488,493 $ 614,142,229 $ 473,094,277 $ (274,596,300) $ (277,767,334) $ 339,545,929 $ 195,326,943 " General government expenses decreased by $2,359,244, or 65%, primarily due to administrative cost allocations; " Bicycle and pedestrian facilities expenses increased by $1,177,589, or 103%, due to an increase in claims submitted for approved projects; " CETAP expenses decreased by $20,887,675, or 94%, primarily due to a settlement agreement on the Mid County Parkway project in the previous year; " Commuter rail expenses increased by $11,974,539, or 33%, as a result of commuter rail station operating and rehabilitation costs; 8 " Highway expenses increased by $11,851,821, or 15%, due to SR-60 Truck Lanes, I-15 Express Lanes, 15/91 Express Lanes Connector, I-15/Limonite interchange, and Jurupa and McKinley Avenue grade separation projects; " Local streets and roads expenses increased by $7,830,661 or 15%, because of an increase in the overall Measure A sales tax revenue which affects the local streets and road distributions to local jurisdictions; " Motorist assistance expenses increased by $568,059, or 15%, due primarily to new freeway service patrol beats in south Western County; " Planning and programming expenses decreased by $417,843, or 9%, due to feasibility studies in the previous year; " Regional arterial expenses increased by $4,150,856, or 32%, as a result of a net increase in reimbursements to local jurisdictions for approved regional arterial projects; " Toll operations expenses increased by $1,879,538, or 4%, as a result of a net increase in operating costs and increased depreciation and interest expense for the RCTC 91 Express Lanes; " Transit and specialized transportation expenses increased by $27,581,321, or 31%, due to an increase in bus transit operating and capital claims in all three geographic areas; and " Interest expenses related to governmental activities decreased by $12,757,538 or 27%, primarily as a result of the impacts of the issuance of sales tax revenue refunding bonds in the previous year; and " Internal transfers decreased $17,927,037, or 120%, due to the transfer of capital and intangible assets from governmental activities to business -type activities in the prior year as a result of the continued completion of the 91 Project. 9 The graphs below present the program and general revenues by source and program expenses for the Commission's governmental activities for the fiscal years ended June 30, 2019 and June 30, 2018: $200,000,000 $175,000,000 $150,000,000 $125,000,000 $100,000,000 $75,000,000 $50,000,000 $25,000,000 $0 ■ 2019 ■ 2018 $140,000,000 $120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 $- Revenues - Governmental Activities 1. Charges for services Operating Capital grants grants and and contributions contributions Measure A TDA sales sales taxes taxes $324,574 $93,084,805 $74,558,439 $201,204,995 $131,021,230 $310,884 $45,363,624 $66,910,285 $176,301,656 $110,878,557 Expenses - Governmental Activities Unrestricted investment earnings $21,130,957 $8,916,321 Other miscellaneous revenue $3,261,873 $2,497,942 Gain on sale of capital assets, net $443,461 $0 iliI l_r Bicycle and Transit and General Commuter Local streets Motorist Planning and Regional Interest government pedestrian CETAP assistance Commuter rail Highways and roads assistance programming arterials specialized expense facilities transportation ■ 2019 $1,295,384 $2,319,895 $1,398,238 $3,612,855 $48,553,459 $91,086,623 $61,470,359 $4,403,671 $4,340,660 $17,048,413 $117,766,548 $33,663,673 $3,654,628 $1,142,306 $22,285,913 $3,668,307 $36,578,920 $79,234,802 $53,639,698 $3,835,612 $4,758,503 $12,897,557 $90,185,227 $46,421,211 ■ 2018 10 The graphs below present the program and general revenues by source and program expenses for the Commission's business -type activities for the fiscal years ended June 30, 2019 and June 30, 2018: Expenses- Business -Type Activities $51,500,000 $51,000,000 $50,5 00,000 $50,000,000 $49,5 00,000 $49,000,000 $48,5 00,000 12019 2018 RCTC91 Express Lanes $51,331,835 $49,452,2 97 $61,000,000 $57,000,0 00 $53,000,0 00 $49 ,000,0 00 $45 ,000,0 00 $41,000,0 00 $37,000,0 00 $33,000,0 00 $29,000,0 00 $25 ,000,0 00 $21,000,0 00 $17,000,000 $13,000,000 $9,000,000 $5,000,000 $1,000,000 -$3,000,000 Revenue - Business -Type Activities 1 Chargesfor services Unrestricted investment earnings(loss) Loss on sale of capital assets ■ 2019 $58,423,461 $2,764,137-$3,707,333 ■ 2018 $50,446,824-$32,662 $0 Financial Analysis of the Commission's Funds Governmental Funds The focus of the Commission's governmental funds is to provide information on a near -term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the Commission's financing requirements. As of June 30, 2019, the Commission's governmental funds reported combined ending fund balances of $790,214,073, an increase of$14,176,533 compared to 2018. Less than 1 %, or$4,020,972, is nonspendable fund balance related to prepaid amounts; $3,226,466 is assigned fund balance for general government administration activities; an unassigned deficit of $1,272,356 is related to a deficit fund balance in a major governmental fund. The remainder of the fund balance is restricted to indicate the following externally enforceable legal restrictions: • $7,474,877 in TDA funds that have been allocated to jurisdictions within the County for bicycle and pedestrian projects; • $52,262,879 of TUMF funds for new CETAP corridors in Western County; • $16,004,237 for Western County commuter assistance activities such as expansion of park -and -ride facilities and other projects and programs that encourage commuters to use alternative modes of transportation under the 2009 Measure A program; • $62,650,271 in TDA, Measure A, and Proposition 1 B funds for commuter rail operations and capital projects and $3,071,729 in TDA and Proposition 1 B funds for the Coachella Valley/San Gorgonio Pass rail corridor; 11 " $11,437,149 in 2009 Measure A funds available to pay sales tax revenue bonds debt service over the next year; " $303,581,330 for highway, economic development, and new corridor projects related to the 1989 Measure A and 2009 Measure A programs; " $3,185 for local streets and roads programs that are returned to the jurisdictions within the County for maintenance and construction of their roads and local arterials under the 2009 Measure A program; " $10,501,511 in state funds for motorist assistance services; " $5,250,405 ofTDAfundsfor planning and programming activities and $17,017 of intergovernmental revenues for other agency projects; " $44,482,685 and $57,390,453 for regional arterial projects in Western County related to the 2009 Measure A and TUMF programs, respectively; " $9,991,574 of Measure Afunds for transit and specialized transportation in the Western County and $1,903,246 for specialized transportation in the Coachella Valley; and " $198,216,443 in TDA funds available to the commuter rail and bus transit operations and capital in the County. The following table presents the changes in fund balances for the governmental funds for the fiscal years ended June 30, 2019 and 2018: Fund Balances Year Ended June 30 2019 2018 % Change General fund Special Revenue major funds: Measure A Western County Measure A Coachella Valley Transportation Uniform Mitigation Fee Local Transportation Fund State Transit Assistance SB132 Capital Projects major funds: Commercial Paper Bonds Debt Service fund Nonmajor governmental funds $ 29,124,269 $ 26,040,494 253,925,602 276,997,302 56,410,474 52,068,076 109,653,332 78,409,987 91,541,353 110,435,854 107,469,411 88,143,341 (1,272,356) (268,754) 12% (8)% 8% 40% (17)% 22% 373% 23,091,659 21,576,316 7% 88,561,805 95,343,644 (7)% 11,437,149 11,082,909 3% 20,271,375 16,208,371 25% Key elements for the changes in fund balances are as follows: " The 12% increase in the General fund resulted from increased transfers from the Local Transportation Fund and 2009 Measure A Western County Special Revenue Fund for commuter rail and related station operations; " The 8% decrease in the Measure A Western County Special Revenue fund was attributed to increased highway projects; " The 8% increase in the Measure A Coachella Valley Special Revenue fund was attributed to excess 2009 Measure A revenues over expenditures for Coachella Valley highway and regional arterial projects; " The 40% increase in the TUMF Special Revenue fund was primarily attributable to a settlement agreement on the Mid County Parkway project in the prior year; 12 " The 17% decrease in the Local Transportation Fund resulted from the excess of claims of allocations for transit operations and capital projects and for bicycle and pedestrian facility projects over sales tax revenues; " The 22% increase in the State Transit Assistance fund resulted from less claims for allocations for transit operations over sales tax revenues; " The 373% increase in the SB 132 fund deficit resulted from the reimbursements due from the Department of Transportation for eligible project reimbursements; " The 7% increase in the Commercial Paper Capital Projects fund was attributed to increased investment income; " The 7% decrease in the Bonds Capital Projects fund was attributed to transfers out for project costs; " The 3% increase in the Debt Service fund was attributable to increased investment income; and " The 25% increase in nonmajor governmental funds resulted primarily from the excess of sales tax revenues over claims of allocations for transit capital projects and an increase in motorist assistance revenues for freeway service patrol services. Proprietary Fund The Commission's proprietary fund provides the same type of information found in the government -wide financial statements. The net position of the proprietary fund totaled a deficit of $274,596,300 at June 30, 2019. The deficit is related to the RCTC 91 Express Lanes toll -supported debt in excess of capital and intangible assets. General Fund Budgetary Highlights The $413,300 increase in General Fund expenditure appropriations between the original budget and the final amended budget for the General fund was related to the following changes: " $298,500 increase to general government for various operations support services; " $22,300 increase to the commuter rail program for program management activities; " $85,900 increase to the planning and programming activities support costs; " $1,000 decrease for transit and specialized transportation activities support costs; " $17,600 increase for debt service for capital lease payments; and " $10,000 decrease to capital outlay for furniture and equipment. I-15/Railroad Canyon Road 13 During the year, General fund revenues were higher than budgetary estimates by $630,132; expenditures were less than budgetary estimates by $18,978,943. General fund budgetary variances between the final amended budget and actual amounts are as follows: Year Ended June 30, 2019 Final Amended General Fund Budgetary Variances Original Budget Budget Actual %Variance Revenues Intergovernmental Investment income Other Total revenues $ 7,959,700 $ 7,959,700 $ 8,184,187 98,600 98,600 642,815 313,100 313,100 174,530 8,371,400 8,371,400 9,001532 3% 552% (44)% 8% Expenditures Current General government 7,921,200 8,219,700 498,165 94% Commuter rail 31,435,100 31,457,400 25,728,469 18% Planning and programming 7,628,800 7,714,700 2,936,254 62% Transit and specialized transportation 645,600 644,600 408,757 37% Debt service 17,600 17,492 - Capital outlay 1,136,200 1,126,200 667,120 41% Total expenditures 48,766,900 49,180,200 30,256 257 38% Other financing sources (uses) Capital lease - 55,000 (100)% Transfers in 35,342,300 35,657,300 24,283,500 (32)% Transfers out (1,265,600) (1,265,600) - 100% Net change in fund balance $ (6,318,800) $ (6,417,100) $ 3,083,775 148% Significant budgetary variances between the final amended budget and actual amounts are as follows: • $224,487 positive variance for intergovernmental revenues primarily related to higher intergovernmental reimbursements for commuter rail expenditures; • $544,215 positive variance for increased investment income related to conservative investment yield estimates; • $138,570 negative variance for other revenues primarily related to lower commuter rail other revenues; • $7,721,535 positive variance for general government expenditures primarily related to administrative cost allocations process and lower professional services and other expenditures such as maintenance, training, and travel; • $5,728,931 positive variance for commuter rail expenditures related to lower station maintenance and repairs and Metrolink operations; • $4,778,446 positive variance for planning and programming expenditures related to lower grade separation project claims and engineering and construction costs for other agency projects; • $235,843 positive variance for transit and specialized transportation expenditures related to lower professional services and other expenditures such as training and travel; • $459,080 positive variance for capital outlay expenditures due to delayed acquisition of Commission hardware and software improvements; • $11,373,800 negative variance for transfers in related to the administrative cost allocation and lower planning and programming activities than anticipated; and • $1,265,600 positive variance for transfers out related to the administrative cost allocations process that affected commuter rail and planning and programming activities. 14 Capital and Intangible Assets Capital Assets As of June 30, 2019, the Commission had $819,810,293, net of accumulated depreciation, invested in a broad range of capital assets including development and construction in progress and easements; land and land improvements; construction rail operating easements, stations, and tracks; buildings; toll infrastructure; transponders; and office improvements, furniture, equipment, and vehicles. The total increase in the Commission's total capital assets, net for FY 2018/19 was 13%. Major capital asset additions during 2019 included construction in progress related to preliminary engineering, construction, and design -build costs for the I-15 Express Lanes and rail station improvements; development in progress; rail stations; construction easements; buildings; and office improvements, furniture, equipment and vehicles. The table below is a comparative summary of the Commission's capital assets, net of accumulated depreciation: Governmental Activities Business -Type Activities Total 2019 2018 2019 2018 2019 2018 Capital assets not being depreciated: Land and land improvements $ 169,894,576 $ 172,084,889 $ 38,736,133 $ 43,032,888 $ 208,630,709 $ 215,117,777 Construction easements 1,221,021 1,189,671 - - 1,221,021 1,189,671 Rail operating easements 63,846,199 63,846,199 - - 63,846,199 63,846,199 Construction in progress 249,061,099 142,647,416 - 174,151 249,061,099 142,821,567 Development in progress 106,969 - - 106,969 Total capital assets not being 484,129,864 379,768,175 38,736,133 43,207,039 522,865,997 422,975,214 depreciated Capital assets being depreciated, net of accumulated depreciation: Rail stations 136,390,623 132,656,945 - - 136,390,623 132,656,945 Rail tracks 139,272,770 144,341,460 - - 139,272,770 144,341,460 Temporary construction easements 289,076 - - - 289,076 Buildings 2,935,656 3,100,272 1,280,972 444,408 4,216,628 3,544,680 Toll infrastructure - - 15,729,648 21,211,466 15,729,648 21,211,466 Transponders - - 269,416 360,181 269,416 360,181 Office improvements, furniture, 738,234 472,350 37,901 16,461 776,135 488,811 equipment, and vehicles Total capital assets, net of 279,626,359 280,571,027 17,317,937 22,032,516 296,944,296 302,603,543 accumulated depreciation Total capital assets $ 763,756,223 $ 660,339,202 $ 56,054,070 $ 65,239,555 $ 819,810,293 $ 725,578,757 More detailed information about the Commission's capital assets is presented in Note 4 to the financial statements. Intangible Assets On March 20, 2017, the 91 Project was substantially completed and the RCTC 91 Express Lanes opened to motorists. In connection with a toll facilities agreement with Caltrans, or service concession agreement, the Commission may collect tolls and operate and maintain a toll facility on SR-91 from the Orange/Riverside County line to 1-15 for 50 years from opening. 15 The table below is a comparative summary of the Commission's intangible assets, net of accumulated amortization: Business -Type Activities 2019 2018 Toll facility franchise, net of accumulated amortization $ 239,801,144 $ 244,045,820 More detailed information about the intangible assets and service concession arrangements is presented in Note 5 to the financial statements. Debt Administration As of June 30, 2019, the Commission had $1,634,419,716 outstanding in sales tax and toll revenue bonds and TIFIA loans. The total debt decreased from the $1,636,313,303 outstanding as of June 30, 2018, primarily due to the following: • TIFIA loan draw of $14,946,136 and $175,603 compounded interest related to the 1-15 Express Lanes project; • Sales tax revenue bonds principal payments of $25,965,000; • Sales tax revenue bonds premium amortization of $11,841,861; • Toll revenue bonds capital appreciation bonds accretion of $4,828,668; • Toll revenue bonds discount amortization of $73,073; and • TIFIA compounded interest of $15,889,794 on the RCTC 91 Express Lanes. The Commission's sales tax revenue bonds received ratings of "AA+" from S&P Global Ratings (S&P), "Aa2" from Moody's Investors Service (Moody's), and "AA" from Fitch Ratings (Fitch), and the toll revenue bonds related to the 91 Project received ratings of "BBB" from S&P and Fitch. In August 2019, S&P upgraded its rating of the toll revenue bonds to "A-". The TIFIA loan related to the 91 Project received a rating of "BBB" from Fitch, and the TIFIA loan related to the I-15 Express Lanes project received ratings of "BBB" from Kroll Bond Rating Agency and "BBB-" from Fitch. In March 2005 the Commission established a commercial paper program, currently authorized at $60,000,000to provide advance funding for2009 Measure A capital projects. The commercial paper notes are rated "A1" by S&P and "P1" by Moody's. As of June 30, 2019, the Commission had $0 in commercial paper notes outstanding. The sales tax revenue debt limitation for the Commission under the 2009 Measure A program is $975,000,000 which exceeds the total outstanding debt of $833,055,000. The Commission has also authorized the issuance of toll revenue bonds, including a TIFIA loan, for the 91 Project not to exceed $900,000,000, which is in excess of the total outstanding debt of $669,294,571. TIFIA loans provided federal funding up to $421,054,409 for the 91 Project and $152,214,260 for the I-15 Express Lanes project on a subordinate lien basis and a senior lien basis, respectively. Additional information on the Commission's long-term debt can be found in Note 7 to the financial statements. Economic Factors and Other Factors During its March 2019 Commission meeting, the Commission adopted guiding principles for use in the preparation of the FY 2019/20 Budget. These principles have been incorporated in goals of the Commission and will continue to be updated annually in response to the ever -changing social, political, 16 and economic environment.The principles are a business planning tool designed to assist the Commission in implementing its strategic goals and objectives and lays the foundation for future financial planning for the annual budget process. The Commission adopted the FY 2019/20 annual budget on June 12, 2019. Approximately 46% of the $878,204,700 balanced budget is related to capital project expenditures, including: • $25,116,000 for completion of right of way acquisition, construction, and design -build activities related to the 91 Project consisting of tolled express and general purpose lanes and interchange improvements; • $97,925,000 for right of way support services, construction, and design -build activities related to the 1-15 Express Lanes project; • $43,266,000 for construction and design -build activities related to the 15/91 Express Lanes Connector project; • $47,757,000 for preliminary engineering, right of way acquisition/support services, and construction related to the Western County SB 132 projects for which the Commission is not the lead agency; • $69,000,000 for preliminary construction related to the SR-60 truck lanes project; • $16,175,000 for preliminary engineering, right of way acquisition/support services, and construction related to the Pachappa Underpass project; • $21,124,300 for various Western County Measure A and TUMF regional arterial projects; and • $45,100,000 for preliminary engineering, construction, and right of way acquisition/supportservices for the Mid County Parkway project. Distributions to the local jurisdictions for local streets and roads are budgeted at $58,642,300. Budgeted expenditures related to funding of public bus transit operations and capital projects in the County aggregate $161,431,400, and budgeted transfers out related to funding of commuter rail operations and capital are $24,269,100. Debt service costs are $76,657,400, or 9% of the budget. Leading economic indicators show that the local economic outlook is encouraging with the stabilization of sales tax revenues. However, the federal budget issues continue to affect funding of the Commission's capital projects and programs. These factors were considered in preparing the Commission's 2020 fiscal year budget, including the sales tax and TUMF fee revenue projections. There are obvious variables in terms of project financing available from federal and state funds. There is continuing uncertainty regarding long-term federal transportation funding. The Commission continues to study alternative financing alternatives such as tolled express lane facilities and federal financing programs to support the delivery of 2009 Measure A projects. Contacting the Commission's Management This financial report is designed to provide a general overview of the Commission's finances for all those with an interest in the government's finances and to show the Commission's accountability for the money it receives. Questions concerning any of the information provided in this report or requests for additional information should be addressed to the Chief Financial Officer, Finance Department at the Riverside County Transportation Commission, 4080 Lemon Street, 3rd Floor, P.O. Box 12008, Riverside, California 92502-2208. 17 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 18 RIVERSIDE COUNTY TRANSPORTATION COMMISSION Festival of Lights Event at the Riverside - Downtown Metrolink station Basic Financia Statements a Riverside County Transportation Commission Statement of Net Position June 30, 2019 Governmental Business -type Activities Activities Total Assets Cash and investments $ 541,655,819 $ 25,203,225 $ 566,859,044 Receivables: Accounts 181,826,349 55,326,930 237,153,279 Advances to other governments 45,019,273 45,019,273 Interest 3,436,149 444,261 3,880,410 Internal balances 2,338,641 (2,338,641) - Due from other governments 233,598 233,598 Prepaid expenses and other assets 4,020,972 201,302 4,222,274 Restricted investments held by trustee 85,352,295 76,380,134 161,732,429 Net other post -employment benefits assets 37,422 2,578 40,000 Capital assets not being depreciated 484,129,864 38,736,133 522,865,997 Capital assets, net of accumulated depreciation 279,626,359 17,317,937 296,944,296 Intangible asset, net of amortization - 239,801,144 239,801,144 Total assets 1,627,676,741 451,075,003 2,078,751,744 Deferred outflows of resources Loss on refunding of bonds 36,140,998 36,140,998 Pension changes in assumptions 889,607 61,281 950,888 Pension differences between contributions and proportionate share of contributions 407,257 28,054 435,311 Pension differences between expected and actual experiences 299,402 20,624 320,026 Pension changes in Commission's proportion 317,881 21,897 339,778 Pension contributions subsequent to measurement date 1,350,559 93,034 1,443,593 Pension net differences between projected and actual earnings on plan investments 38,578 2,657 41,235 Other post -employment benefits contributions subsequent to measurement date 727,861 50,139 778,000 Total assets and deferred outflows of resources 1,667,848,884 451,352,689 2,119,201,573 Liabilities Accounts payable 70,422,151 933,722 71,355,873 Interest payable 3,559,674 1,933,425 5,493,099 Other liabilities 2,291,392 53,151,954 55,443,346 Net pension liabilities 7,803,366 537,539 8,340,905 Long-term liabilities: Due within one year 42,117,083 21,772 42,138,855 Due in more than one year 926,889,816 669,327,649 1,596,217,465 Total liabilities 1,053,083,482 725,906,061 1,778,989,543 Deferred inflows of resources Pension changes in assumptions 218,025 15,019 233,044 Pension changes in Commission's proportion 138,606 9,548 148,154 Pension differences between expected and actual experiences 101,885 7,018 108,903 Other post -employment benefits net differences between projected and actual earnings on plan investments 164,657 11,343 176,000 Total liabilities and deferred inflows of resources 1,053,706,655 725,948,989 1,779,655,644 Net position Net investment in capital assets 706,935,587 (299,852,425) 407,083,162 Restricted for: Bicycle and pedestrian facilities 7,474,877 7,474,877 CETAP 52,262,879 52,262,879 Commuter assistance 16,006,440 16,006,440 Commuter rail 65,899,858 65,899,858 Debt service 11,437,149 11,437,149 Highways 314,036,844 314,036,844 Local streets and roads 3,185 3,185 Motorist assistance 10,501,511 10,501,511 Toll operations - 25,256,125 25,256,125 Planning and programming 5,268,078 5,268,078 Regional arterials 101,873,138 101,873,138 Transit and specialized transportation 210,111,263 210,111,263 Unrestricted (deficit) (887,668,580) (887,668,580) Total net position $ 614,142,229 $ (274,596,300) $ 339,545,929 See notes to basic financial statements 20 Functions/Programs Expenses Primary Government Govemmental Activities: General govemment Bicycle and pedestrian facilities CETAP Commuter assistance Commuter rail Highways Local streets ana roaas Motorist assistance Planning and programming Regional arterials Transit and specialized transportation Interest expense Total governmental activities Business -type Activities: RCTC 91 Express Lanes Total Primary Government $ 1,295,384 2,319,895 1,398,238 3,612,855 48,553,459 91,086,623 o1,4/U,soa 4,403,671 4,340,660 17,048,413 117,766,548 33,663,673 Riverside County Transportation Commission Statement of Activities Year Ended June 30, 2019 Program Revenues Charges for Operating Grants Capital Grants Services and Contributions and Contributions $ 326 $ $ 155,587 132,681 35,980 16,882,033 1,391,288 8,443,059 41,338,389 5,387,137 1,459,524 18,088,120 95,255 10,690,503 63,867,936 386,959,778 324,574 93,084,805 - 51,331,835 Net (Expense) Revenue and Changes in Net Position Governmental Activities Business -type Activities $ (1,295,058) $ (2,319,895) 15,483,795 (2,221,567) (29,264,310) 14,252,383 (t)1,4 /U,in) 1,019,446 (2,881,136) 1,039,707 (117,671,293) (33,663,673) 74,558,439 (218,991,960) 58,423,461 7,091,626 Total $ (1,295,058) (2,319,895) 15,483,795 (2,221,567) (29,264,310) 14,252,383 (b1,4 /U,JbU) 1,019,446 (2,881,136) 1,039,707 (117,671,293) (33,663,673) (218,991,960) 7,091,626 $ 438,291,613 $ 58,748,035 $ 93,084,805 $ 74,558,439 $ (218,991,960) $ 7,091,626 $ (211,900,334) General Revenues: Measure A sales taxes Transportation Development Act sales taxes Unrestricted investment earnings Other miscellaneous reveue Gain (loss) on sale of capital assets, net Transfers Total general revenues and transfers Change in net position Net position at beginning of year 201,204,995 131,021,230 21,130,957 3,261,873 443,461 2,977,396 360,039,912 141,047,952 2,764,137 (3,707,333) (2,977,396) 201,204,995 131,021,230 23,895,094 3,261,873 (3,263,872) (3,920,592) 356,119,320 3,171,034 144,218,986 473,094,277 (277,767,334) 195,326,943 Net position at end of year $ 614,142,229 $ (274,596,300) $ 339,545,929 21 Riverside County Transportation Commission Balance Sheet - Governmental Funds June 30, 2019 Major Funds General Special Revenue Transportation Measure A Measure A Uniform Local State Western Coachella Mitigation Transportation Transit County Valley Fee Fund Assistance SB 132 Assets Cash and investments $ 12,477,093 $ 178,101,021 $ 55,107,756 $ 105,825,270 $ 53,288,888 $ 101,048,031 $ Receivables Accounts 7,763,727 110,019,571 7,103,273 7,462,747 17,432,233 6,246,524 20,397,440 Advances 33,216 22,000,000 Interest 112,563 954,891 317,845 578,024 357,297 566,923 9 Due from other funds 9,869,943 2,340,015 151,098 148,108 - 1,213,732 Advances from other funds - 3,000,000 Prepaid expenditures and other assets 345,881 3,675,091 Restricted investments held by trustee - - Total assets $ 30,569,207 $ 298,123,805 $ 62,679,972 $ 114,014,149 $ 93,078,418 $ 107,861,478 $ 21,611,181 Liabilities and Fund Balances Liabilities Accounts payable $ 1,284,286 $ 40,837,130 $ 5,492,172 $ 4,132,388 $ 911,265 $ 337,867 $ 16,223,166 Due to other funds - 2,578,877 777,326 228,158 625,800 54,200 6,660,371 Advances to other funds - - Other liabilities 160,652 782,196 271 Total liabilities 1,444,938 44,198,203 6,269,498 4,360,817 1,537,065 392,067 22,883,537 Fund balances Nonspendable-prepaid amounts 345,881 3,675,091 Restricted for Bicycle and pedestrian facilities CETAP Commuter assistance 16,004,237 Commuter rail 20,301,517 42,348,754 Debt service Highways 137,421,977 54,505,889 Local streets and roads 1,284 1,339 Motorist assistance Planning and programming 5,250,405 Regional arterials 44,482,685 Transit and specialized transportation 9,991,574 1,903,246 Assigned General government 3,226,466 Unassigned Total fund balances 52,262,879 57,390,453 7,474,877 84,066,476 107,469,411 - (1,272,356) 29,124,269 253,925,602 56,410,474 109,653,332 91,541,353 107,469,411 (1,272,356) Total liabilities and fund balances $ 30,569,207 $ 298,123,805 $ 62,679,972 $ 114,014,149 $ 93,078,418 $ 107,861,478 $ 21,611,181 See notes to basic financial statements 22 Riverside County Transportation Commission Balance Sheet - Governmental Funds, Continued June 30, 2019 Major Funds Capital Projects Commercial Paper Bonds Other Nonmajor Debt Governmental Service Funds Total Assets Cash and investments $ 3,858,308 $ 9,310,279 $ 5,011,110 $ 17,628,063 $ 541,655,819 Receivables Accounts - 5,400,834 181,826,349 Advances 19,855,602 3,130,455 45,019,273 Interest 20,228 387,523 37,793 103,053 3,436,149 Due from other funds 585,744 67,894 14,376,534 Advances from other funds - 3,000,000 Prepaid expenditures and other assets 4,020,972 Restricted investments held by trustee 78,812,951 6,539,344 85,352,295 Total assets $ 24,319,882 $ 91,709,102 $ 11,588,247 $ 23,131,950 $ 878,687,391 Liabilities and Fund Balances Liabilities Accounts payable $ $ $ 1,203,877 $ 70,422,151 Due to other funds 151,098 962,063 12,037,893 Advances to other funds - 3,000,000 - 3,000,000 Other liabilities 1,228,223 147,297 694,635 3,013,274 Total liabilities 1,228,223 3,147,297 151,098 2,860,575 88,473,318 Fund balances Nonspendable-prepaid amounts 4,020,972 Restricted for Bicycle and pedestrian facilities 7,474,877 CETAP 52,262,879 Commuter assistance 16,004,237 Commuter rail 3,071,729 65,722,000 Debt service 11,437,149 11,437,149 Highways 23,091,659 88,561,805 303,581,330 Local streets and roads 562 3,185 Motorist assistance 10,501,511 10,501,511 Planning and programming 17,017 5,267,422 Regional arterials 101,873,138 Transit and specialized transportation 6,680,556 210,111,263 Assigned General govemment 3,226,466 Unassigned (1,272,356) Total fund balances 23,091,659 88,561,805 11,437,149 20,271,375 790,214,073 Total liabilities and fund balances $ 24,319,882 $ 91,709,102 $ 11,588,247 $ 23,131,950 $ 878,687,391 See notes to basic financial statements 23 N Riverside County Transportation Commission Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position June 30, 2019 Total fund balances - Governmental funds page 23 Amounts reported for governmental activities in the statement of net position page 20 are different because: Amounts due from other governments are not an available resource and therefore, are not reported in the funds. Deferred outflows of resources related to the pension contributions subsequent to the measurement date. Deferred outflows of pension resources related to the differences between contributions and proportionate share of contributions, net differences between projected and actual earnings on plan investments, differences between expected and actual experiences, changes in Commission's proportion, and changes in assumptions. $ 790,214,073 233,598 1,350,559 1,952,725 Deferred inflows of pension resources related to differences between expected and actual experiences, changes in Commission's proportion, and changes in assumptions. (458,516) Deferred outflows of other post -employment benefits resources related to contributions subsequent to the measurement date. 727,861 Deferred inflows of other post -employment benefits resources related to net differences between projected and actual earnings on plan investments. (164,657) Capital assets, less related accumulated depreciation, used in governmental activities are not financial resources and therefore are not reported in the funds. 763,756,223 Other long-term assets are not available to pay for current period expenditures and, therefore, are reported as unearned revenue in the funds. 721,882 Interest payable on bonds outstanding is not due and payable in the current period and therefore is not reported in the funds. (3,559,674) Long-term liabilities are not due and payable in the current period and therefore are not reported in the funds. Those liabilities consist of: Net pension liability (7,803,366) Net other post -employment asset 37,422 Compensated absences (831,250) Capital lease obligation (50,504) Multi -Species Habitat Conservation Plan funding liability (3,000,000) Sales tax bonds payable (833,055,000) TIFIA loan (15,121,739) Loss on refunding of sales tax bonds 36,140,998 Premium on sales tax revenue bonds payable (116,948,406) Net adjustment (940,631,845) Net position of governmental activities page 21 $ 614,142,229 See notes to basic financial statements 25 Revenues Sales taxes Transportation Uniform Mitigation Fee Intergovernmental Investment income Other Total revenues Expenditures Current: General government Bicycle and pedestrian facilities CETAP Commuter assistance Commuter rail Highways Local streets and roads Motorist assistance Planning and programming Regional arterials Transit and specialized transportation Total programs Debt service: Principal Interest Total debt service Capital outlay Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Debt issuance Capital lease Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Fund balances at beginning of year Fund balances at end of year See notes to basic financial statements Riverside County Transportation Commission Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds Year Ended June 30, 2019 Major Funds General Special Revenue Measure A Western County Measure A Coachella Valley Transportation Uniform Mitigation Fee Local Transportation Fund State Transit Assistance SB 132 8,184,187 642,815 174,530 $ 156,934,682 $ 61,692,336 5,812,430 6,169,581 43,238,756 $ 1,656,971 29,968,449 4,999,813 3,026,080 38,099 $ 103,819,440 $ 23,497,584 $ 53,666,786 2,118,450 2,866,174 (7,805) 9,001,532 230,609,029 44,895,727 38,032,441 498,165 534,238 3,603,353 25,728,469 13,218,370 128,995,061 19,392,762 45,305,238 15,133,565 2,936,254 12,533,037 408,757 6,927,390 6,178,100 1,394,120 4,509,338 105,937,890 26,363,758 53,658,981 12,000 2,319,895 784,000 97,432,996 6,687,688 55,274,567 29,571,645 12,461 5,031 211,116,687 40,704,427 5,903,458 100,548,891 6,687,688 55,274,567 17,492 667,120 4,995,989 30,256,257 216,112,676 40,704,427 5,903,458 100,548,891 6,687,688 55,274,567 (21,254,725) 14,496,353 55,000 24,283,500 24,338,500 14,946,136 17,176,236 (69,690,425) (37,568,053) 4,191,300 32,128,983 151,098 186,207 (1,071,845) 151,098 (885,638) 5,388,999 19,676,070 (1,615,586) (24,283,500) (24,283,500) 611,984 (350,000) 3,083,775 26,040,494 (23,071,700) 276,997,302 4,342,398 52,068,076 31,243,345 78,409,987 (18,894,501) 110,435,854 (350,000) 611,984 19,326,070 (1,003,602) 88,143,341 (268,754) $ 29,124,269 $ 253,925,602 $ 56,410,474 $ 109,653,332 $ 91,541,353 $ 107,469,411 $ (1,272,356) 26 Riverside County Transportation Commission Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds Year Ended June 30, 2019 Major Funds Capital Projects Commercial Paper Bonds Other Nonmajor Debt Governmental Service Funds Total Revenues Sales taxes $ $ $ $ 4,735,763 $ 332,226,225 Transportation Uniform Mitigation Fee 29,968,449 Intergovernmental - 2,797,222 7,200,789 138,541,133 Investment income 1,515,343 2,642,461 556,853 482,196 21,311,968 Other - 35,980 6,418,190 Total revenues 1,515,343 2,642,461 3,354,075 12,454,728 528,465,965 Expenditures Current: General govemment 1,044,403 Bicycle and pedestrian facilities 2,319,895 CETAP 1,394,120 Commuter assistance - 3,603,353 Commuter rail 1,858,477 40,805,316 Highways 203,662,390 Local streets and roads 1,031,556 61,470,359 Motorist assistance 4,398,842 4,398,842 Planning and programming 587,605 4,307,859 Regional arterials 17,042,375 Transit and specialized transportation 113,160 117,748,091 Total programs 7,989,640 457,797,003 Debt service: Principal 25,965,000 25,977,461 Interest 43,590,738 43,595,769 Total debt service 69,555,738 69,573,230 Capital outlay 5,663,109 Total expenditures 69,555,738 - 7,989,640 533,033,342 Excess (deficiency) of revenues over (under) expenditures 1,515,343 2,642,461 (66,201,663) 4,465,088 (4,567,377) Other financing sources (uses): Debt issuance 14,946,136 Capital lease - - 55,000 Transfers in 500,000 69,504,223 3,950,000 116,363,248 Transfers out (9,924,300) (2,948,320) (4,352,084) (112,620,474) Total other financing sources (uses) (9,424,300) 66,555,903 (402,084) 18,743,910 Net change in fund balances 1,515,343 (6,781,839) 354,240 4,063,004 14,176,533 Fund balances at beginning of year 21,576,316 95,343,644 11,082,909 16,208,371 776,037,540 Fund balances at end of year $ 23,091,659 $ 88,561,805 $ 11,437,149 $ 20,271,375 $ 790,214,073 See notes to basic financial statements 27 28 Riverside County Transportation Commission Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities Year Ended June 30, 2019 Net change in fund balances - Total governmental funds page 27 $ 14,176,533 Amounts reported for governmental activities in the statement of activities page 21 are different because: Governmental funds report capital outlays as expenditures. However, in the statement of activities, the cost of those assets is allocated over its estimated useful lives and reported as depreciation expense. The adjustment combines the net changes of the following amounts: Capital outlay 116,195,014 Net gain on sale of assets 443,461 Depreciation expense (12,456,076) Net adjustments 104,182,399 The effect of transfers of capital assets between the Govemmental and Business -type activities do not require the use of current financial resources and are not reported as transfers in governmental funds. (765,378) Revenues in the statement of activities that do not provide current financial resources are not reported as revenues in the funds. (180,265) The issuance of long-term debt (e.g., bonds) provides current financial resources to governmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net position. Also, governmental funds report the effect of premiums, discounts, and similar items when debt is first issued, whereas these amounts are deferred and amortized in the statement of activities. The adjustment combines the net changes of the following amounts: Principal payments for sales tax revenue refunding bonds 4,465,000 Principal payment for sales tax revenue bonds 21,500,000 TIFIA loan proceeds (14,946,136) Change in TIFIA loan accrued interest (175,603) Amortization of sales tax revenue bonds premium 11,841,861 Amortization of loss on 2017B Refunding Bonds (1,807,050) Capital lease (55,000) Capital lease payments 12,461 Change in accrued interest 72,888 Change in Multi -Species Habitat Conservation Plan funding liability 3,000,000 Net pension liability 400,414 Pension change in deferred outflows of resources (812,492) Pension change in deferred inflows of resources (154,830) Net other post -employment benefits asset 265,058 Other post -employment benefits change in deferred outflows of resources (71,497) Other post -employment benefits change in deferred inflows of resources 37,017 Net adjustments 23,572,091 Some expenses reported in the statement of activities do not require the use of current financial resources and therefore are not reported as expenditures in governmental funds. The adjustment combines the net changes of the compensated absences. 62,572 Change in net position of governmental activities page 21 $ 141,047,952 See notes to basic financial statements 29 Riverside County Transportation Commission Statement of Net Position Proprietary Fund June 30, 2019 RCTC 91 Express Lanes Enterprise Fund Assets Current assets: Cash and investments $ 25,203,225 Receivables Accounts 55,326,930 Interest 444,261 Prepaid expenses 201,302 Total current assets 81,175,718 Noncurrent assets: Restricted investments held by trustee 76,380,134 Other post -employment benefits assets 2,578 Capital assets, net: Nondepreciable 38,736,133 Depreciable 17,317,937 Intangible assets, net 239,801,144 Total noncurrent assets 372,237,926 Total assets 453,413,644 Deferred outflows of resources Pension benefits Other post -employment benefits Total deferred outflows of resources Total assets and deferred outflows of resources 227,547 50,139 277,686 453,691,330 Liabilities Current liabilities: Accounts payable 933,722 Interest payable 1,933,425 Due to governmental funds 2,338,641 Uneamed revenues 53,142,978 Other liabilities 8,976 Compensated absences liability 21,772 Total current liabilities 58,379,514 Noncurrent liabilities: Net pension liabilities 537,539 Compensated absences liability 33,078 Bonds payable - due in more than one year 669,294,571 Total noncurrent liabilities 669,865,188 Total liabilities 728,244,702 Deferred inflows of resources Pension benefits Other -post employment benefits Total deferred inflows of resources 31,585 11,343 42,928 Total liabilities and deferred inflows of resources 728,287,630 Net position Net investment in capital assets (299,852,425) Restricted for toll operations 25,256,125 Total net position (deficit) $ (274,596,300) See notes to basic financial statements 30 Riverside County Transportation Commission Statement of Revenues, Expenses and Changes in Fund Net Position Proprietary Fund For the Year Ended June 30, 2019 Operating revenues Tolls, penalties, and fees RCTC 91 Express Lanes Enterprise Fund $ 58,423,461 Operating expenses Management and operational services 9,664,844 Administrative overhead 566,500 Other operating expenses 748,548 Professional services 1,089,555 General and administrative expenses 624,915 Depreciation and amortization 10,680,681 Total operating expenses 23,375,043 Operating income 35,048,418 Nonoperating revenues (expenses) Investment earnings 2,764,137 Interest expense (27,956,792) Loss on sale of capital assets (3,707,333) Total nonoperating revenues (expenses) (28,899,988) Income before transfers 6,148,430 Transfers in from governmental activities Transfers out to governmental funds Total Transfers 765,378 (3,742,774) (2,977,396) Change in net position 3,171,034 Net position at beginning of year (277,767,334) Net position at end of year $ (274,596,300) See notes to basic financial statements 31 Riverside County Transportation Commission Statement of Cash Flows Proprietary Fund For the Year Ended June 30, 2019 Cash flows from operating activities Receipts from customers and users Payments to vendors Payments to employees Payments for RCTC interfund services used Reimbursements received for shared costs Net cash provided by operating activities Cash flows from noncapital financing activities Transfer of excess investment earnings on debt service reserves Transfers of surplus funds to governmental activities Net cash used for noncapital financing activities Cash flows from capital and related financing activities Interest paid on long-term debt Acquisition of capital assets, net of reimbursements from other governments Proceeds from sale of capital assets Net cash used for capital and related financing activities Cash flows from investing activities Interest received Net cash provided by investing activities RCTC 91 Express Lanes Enterprise Fund 58,044,539 (11,583,755) (478,920) (821,305) 418,487 45,579,046 (500,000) (1,042,859) (1,542,859) (7,119,938) (1,911,279) 331,213 (8,700,004) 2,195,627 2,195,627 Net increase in cash and cash equivalents 37,531,810 Cash and cash equivalents at beginning of year 63,956,746 Cash and cash equivalents at end of year $ 101,488,556 Reconciliation of cash and cash equivalents to statement of net position Cash and investments $ 25,203,225 Less: fair value adjustment (94,803) 25,108,422 Restricted cash and investments 76,380,134 Total cash and cash equivalents $ 101,488,556 See notes to basic financial statements 32 Riverside County Transportation Commission Statement of Cash Flows, Continued Proprietary Fund For the Year Ended June 30, 2019 RCTC 91 Express Lanes Enterprise Fund Reconciliation of operating income (loss) to net cash provided by (used for) operating activities Operating income $ 35,048,418 Adjustments to reconcile operating income to net cash provided by (used for) operating activities Depreciation and amortization expense 10,680,681 (Increase) Decrease in violations receivables (29,599,777) (Increase) Decrease in other receivables, net 520,871 (Increase) Decrease in prepaid assets (34,336) Increase (Decrease) in pension and other -post employment benefits liabilities, net of deferred items 46,431 Increase (Decrease) in accounts payable (526,675) Increase (Decrease) in due to other funds (155,779) Increase (Decrease) in unearned revenue 29,597,087 Increase (Decrease) in deposits payable 2,007 Increase (Decrease) in compensated absences liability 118 Total adjustments 10,530,628 Net cash provided by operating activities $ 45,579,046 Noncash capital, financing and investing activities Amortization of bond discount Accreted and compounded interest Net increase in the fair value of investments See notes to basic financial statements 73,073 20,718,462 272,741 33 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 1. Summary of Significant Accounting Policies Reporting entity: The Riverside County Transportation Commission (Commission) was formed in 1976 under Division 12 (commencing with Section 130000) of the California Public Utilities Code (PUC). The Commission is a special district governed by a 34 member board of commissioners (Board) consisting of one representative from each city in the county, all five county supervisors, and one nonvoting state representative. The Commission provides short-range transportation planning and programming for Riverside County (County), which includes the administration of the Local Transportation Fund (LTF) and the State Transit Assistance (STA) programs created under the Transportation Development Act (TDA) by the State of California (State). The LTF is administered by the Commission on behalf of the County. The purpose of this program is to allocate funds for public transportation needs, local streets and roads, bicycle and pedestrian facilities, and multimodal transportation terminals. The STA program allocates funds for public transportation purposes to those geographic areas with special public transportation needs, which cannot be met otherwise. On November 8, 1988, the Commission was empowered by the voters of the County, under Ordinance No. 88-1 (1989 Measure A), to collect a one-half of one percent sales tax for the purpose of improving the transportation system of the County. Measure A was enacted, in part, pursuant to the provisions of Division 25 (commencing with Section 240000) of the California Public Utilities Code and Section 7252.22 of the Revenue and Taxation Code. On November 12, 2002 Riverside County's voters approved a 30-year renewal of Measure A under Ordinance No. 02 001 (2009 Measure A). The voter action ensured the replacement of the 1989 Measure A program when it expired in 2009 with a new 30-year program that continues funding transportation improvements until June 2039. In connection with the 2009 Measure A program, the County and cities in the Western County area implemented a Transportation Uniform Mitigation Fee (TUMF) program to fund a regional arterial system to handle the traffic demands in the Western Riverside County (Western County) area as a result of future development. Under the 2009 Measure A program, the Commission shall receive the first $400 million of TUMF revenues to fund the regional arterial projects and new Community Environmental Transportation Acceptability Process (CETAP) corridors included in the 2009 Measure ATransportation Improvement Plan. Under the Memorandum of Understanding (MOU), the majority of net revenues are allocated in equal amounts to the Commission for regional arterial projects and to Western Riverside Council of Governments (WRCOG) for local arterial projects; a small percentage is allocated for public transit. In September 2008, the Commission approved an amendment to the MOU whereby the $400 million cap was lifted and the Commission will continue to receive its share of TUMF revenues indefinitely. In August 2008, the State amended the Commission's authority under the PUCto include authorization to set, levy and collect tolls, user fees, or other similar charges, payable for use of the toll lanes and other facilities on the portion of State Highway Route 91 (SR-91) between the Orange County and Riverside County line to the west and Interstate 15 (1-15) to the east and to issue bonds or other obligations payable from the proceeds of such tolls and other revenues that are pledged. In March 2017, the Commission achieved substantial completion of the SR-91 corridor improvement project (91 Project) and opened the RCTC 91 Express Lanes. In September 2008, the State amended the Commission's authority under the State's Streets and Highways Code (Sections 149.7 through 149.8) to include authorization to set, levy and collect tolls, user fees, or other similar charges, payable for use of high -occupancy toll lanes and other facilities in the 1-15 corridor in Riverside County and to issue bonds or other obligations payable from the proceeds of such tolls and other revenues that are pledged. The Commission commenced the design -build phase of the 1-15 Express Lanes project in 2017 and anticipates substantial completion and opening of the 15 Express Lanes in 2020. 34 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 1. Summary of Significant Accounting Policies, Continued Accounting principles generally accepted in the United States require that the reporting entity include the primary government, organizations for which the primary government is financially accountable, and other organizations for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entity's financial statements to be misleading or incomplete. The basic financial statements include all funds of the Commission including those of the Service Authority for Freeway Emergencies (SAFE), a component unit, for which the Commission is considered financially accountable. SAFE was created under Chapter 14 (commencing with Section 2550) of Division 3 of the California Streets and Highways Code and Sections 2421.5 and 9250.1 of the Vehicle Code. SAFE receives monies from fees levied on registered vehicles to be used to implement and maintain an emergency motorist aid system, as specified, on portions of the California Freeway and Expressway System in the County. The governing body of SAFE is substantially identical to that of the Commission, and management of the Commission has operational responsibility for SAFE. SAFE is presented as a special revenue fund. Separate financial statements are not issued for SAFE. There are many other governmental agencies, including the County of Riverside, providing services within the area served by the Commission. These other governmental agencies have independently elected governing boards and consequently are not under the direction of the Commission. Financial information for these agencies is not included in the accompanying financial statements. Basis of presentation: The Commission's basic financial statements consist of government -wide financial statements, including a statement of net position and a statement of activities, and fund financial statements which provide a more detailed level of financial information. Government -wide statements: The statement of net position and the statement of activities report information on all of the activities of the Commission.The effect of interfund activity has been removed from these statements; however, interfund services provided and used are not eliminated in consolidation.These statements report governmental activities, which normally are supported by taxes and intergovernmental revenues, and are reported separately from business -type activities, which rely to a significant extent on charges and fees for services. The statement of activities demonstrates the degree to which the program expenses of a given function are offset by program revenues. Program expenses include direct expenses, which are clearly identifiable with a specific function, and allocated indirect expenses. Program revenues include 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function. Taxes and other internally dedicated resources, which are properly not included among program revenues, are reported instead as general revenues. Fund financial statements: The fund financial statements provide information about the Commission's governmental and proprietary funds; the Commission has no fiduciary funds. The emphasis of fund financial statements is on major governmental and proprietary funds, each displayed in a separate column. The Commission has categorized the Commercial Paper Capital Projects fund and Debt Service fund as major funds for public interest reasons. The Commission believes that these judgmentally determined major funds are particularly important to the financial statement users. All remaining governmental funds not reported as major funds are aggregated and reported as nonmajor funds. 35 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 1. Summary of Significant Accounting Policies, Continued The Commission reports the following major governmental funds: General Fund: The General Fund is the general operating fund of the Commission and accounts for financial resources not required to be accounted for in another fund. Measure A Western County Special Revenue Fund: This fund accounts for the revenues from sales taxes which are restricted to expenditures for 1989 Measure A and 2009 Measure A Western County programs. Measure A Coachella Valley Special Revenue Fund: This fund accounts for the revenues from sales taxes which are restricted to expenditures for 2009 Measure A Coachella Valley programs. Transportation Uniform Mitigation Fee Special Revenue Fund: This fund accounts for TUMF revenues, which are restricted to expenditures for Western County regional arterial and CETAP projects. Local Transportation Fund: This special revenue fund accounts for the one -quarter percent of the state sales tax collected within the County under TDA for planning and programming, bicycle and pedestrian facilities, and transit operations including the Commission's commuter rail operations. State Transit Assistance Special Revenue Fund: This fund is used to account for revenues from sales taxes on diesel fuel restricted for transit projects. SB 132 Special Revenue Fund: This fund is used to account for program revenues allocated by the State for the Riverside County Transportation Efficiency Corridor. The program comprises five projects in northwest Riverside County. Commercial Paper Capital Projects Fund: This fund records proceeds from the issuance of commercial paper notes and the use of these proceeds for capital projects included in the 2009 Measure A. Bonds Capital Projects Fund: This fund records proceeds from the issuance of sales tax and toll revenue bonds and the use of these proceeds for capital projects included in the 2009 Measure A. Debt Service Fund: This fund accounts for the resources accumulated and payments made for principal and interest on the sales tax and toll revenue bonds. The Commission reports the following major proprietary fund: RCTC 91 Express Lanes Enterprise fund: This fund accounts for toll and non -toll revenues earned on the RCTC 91 Express lanes that extend on SR-91 from the Riverside/Orange County line to I-15. These revenues are restricted to pay operations and maintenance costs, repair and rehabilitation costs, debt service, and other in accordance with the toll bond indenture. Measurement focus and basis of accounting: The government -wide financial statements and proprietary fund financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned, and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Toll revenues are recognized when customers utilize the toll road facility. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. 36 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 1. Summary of Significant Accounting Policies, Continued Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the Commission considers revenues to be available if they are collected within 180 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred; however, principal and interest expenditures on long-term debt as well as compensated absences and claims and judgments are recorded only when payment is due. Issuance of long-term debt and acquisitions under capital leases are reported as other financing sources. Those revenues susceptible to accrual include sales taxes collected and held by the State at year-end on behalf of the Commission, TUMF, intergovernmental revenues when all applicable eligibility requirements have been met, interest revenue, and vehicle registration user fees, charges for services, and fines and fees. Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services in connection with a proprietary funds principal and ongoing operations. The principal operating revenues of the Commission's proprietary fund are charges for services. Operating expenses for the proprietary fund include the cost of services, administrative expenses, and depreciation and amortization on capital and intangible assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses. Cash and investments: The Commission maintains cash and investments in accordance with an investment policy adopted initially by the Board in September 1995, and most recently amended in March 2019. The investment policy complies with, or is more restrictive than, applicable state statutes. This investment policy requires the Commission's investment program to meet three criteria in the order of their importance: safety, liquidity, and return on investments. Investments of bond and commercial paper proceeds as permitted by the applicable debt documents are maintained by U.S. Bank, as trustee or custodial bank, and the earnings for each bond and commercial paper issue are accounted for separately. Cash from other Commission revenue sources is commingled for investment purposes, with investment earnings allocated to the different funds based on average monthly dollar balances in the funds. The Commission's investment policy is summarized in the table below; investments held by bond trustees are governed by the provisions of the Commission's bond indentures. Other investments permitted by the California Government Code (Code) are permitted but only with prior Board authorization; securities that could result in zero interest accrual if held to maturity are ineligible. 37 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 1. Summary of Significant Accounting Policies, Continued Authorized Investment Type United States (U.S.)Treasury obligations Federal agency securities State/Municipal obligations Mortgage and asset -backed securities Repurchase agreements U.S. corporate debt Commercial paper notes Banker's acceptances Money market mutual funds Riverside County Pooled Investment Fund (RCPIF) Local Agency Investment Fund (LAIF) Negotiable certificates of deposit Federally insured certificates of deposit Collateralized certificates of deposit Time deposits Maximum Effective Maturity 5 years 5 years 5 years 5 years 30 days 5 years 270 days 180 days Not applicable Not applicable Not applicable 180 days 1 year 1 year 5 years Maximum Percentage of Portfolio None None 25% 10% None 25% 25% 40% 20% None N/A 15% 20% 15% None Maximum Investment in One Issuer None None 10% 10% 10% 10% 10% 30% 10% Set by RCPIF Set by LAIF 10% 10% 10% 10% Minimum Ratings Not applicable Not applicable Al /A+ A3/A-/A- A Al /A+ A Not applicable Not applicable Not applicable Not applicable P-1 /A-1 /F-1 Not applicable Not applicable Not applicable LAIF is regulated by Code Section 16429 and is under the management of the State Treasurer with oversight provided by the Local Agency Investment Advisory Board. There is a $65 million deposit limit on regular LAIF accounts. Oversight of the RCPIF is conducted by the County Treasury Oversight Committee. All investments, except for those related to bond reserve funds, are subject to a maximum maturity of five years unless specific direction to exceed the limit is given by the Board. LTF moneys are legally required to be deposited in the RCPIF. The RCPIF and the LAIF are carried at fair value, or the value of each participating dollar as provided by the RCPIF and LAIF, respectively. The fair value of the Commission's position in the RCPIF and LAIF is the same as the value of the pool shares. The pooled funds are not subject to Level 1, 2, or 3 of the fair value hierarchy prescribed by Governmental Accounting Standards Board (GASB) Statement No. 72, Fair Value Measurement and Application. Investments in U.STreasury, federal agency, mortgage and asset -backed, municipal, corporate, negotiable certificates of deposit, and commercial paper securities are carried at fair value based on quoted market prices. Money market mutual funds are carried at fair value based on each fund's share price. Bank balances are secured by the pledging of a pool of eligible securities to collateralize the Commission's deposits with the bank in accordance with the Code. Cash and cash equivalents: For the purposes of the statement of cash flows, the Commission considers all short-term investments with an initial maturity of three months or less to be cash equivalents. All deposits, commercial paper, money market funds, certificates of deposit, and the share of RCIPF represent cash and cash equivalents for cash flow purposes. Accounts receivable: Accounts receivable consist primarily of Measure A and LTF sales tax revenues from the California Department of Tax and Fee Administration on all taxable sales within the County of Riverside, California through June 30, 2019 and an estimate for outstanding unpaid violations of the RCTC 91 Express Lanes that the Commission anticipates to collect. Unpaid violations of $53,146,325 as of June 30, 2019 are not recognized as revenue until payment is received and therefore are reflected as unearned revenue. Unpaid violations remain recorded for a period of four years in accordance with the statute of limitations, at which time, they will be deemed uncollectible. 38 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 1. Summary of Significant Accounting Policies, Continued Interfund transactions: During the course of operations, numerous transactions occur between individual funds involving goods provided or services rendered. There are also transfers of revenues from funds authorized to receive the revenue to funds authorized to expend it. Outstanding interfund balances are reported as due from/to other funds; internal financing balances are reported as advances to/from other funds. Any residual balances outstanding between the governmental activities and business -type activities are reported in the government wide financial statements as "internal balances". Prepaid expenditures/expenses and other assets: Certain payments to vendors and condemnation payments with the State, which are related primarily to the 91 Project, reflect costs applicable to future accounting periods and are recorded as prepaid expenditures/expenses using the consumption method in both the government -wide and fund financial statements. Restricted investments held by trustee: Restricted investments held by trustee represent unexpended bond proceeds, interest earnings thereon, and capitalized interest and reserve amounts for bonds. Under the related bond resolutions and indentures, any remaining bond proceeds are restricted for the use of future construction improvements to the respective projects, for debt service, or for reserve requirements in accordance with applicable debt covenants. Capital assets: Capital assets consisting of land and land improvements; construction in progress; construction and rail easements; buildings; rail stations; rail tracks; office improvements; office furniture, equipment, and vehicles; development in progress; toll infrastructure; and transponders are reported in applicable governmental or business -type activities in the government -wide financial statements. Capital assets are defined by the Commission as assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of three years and are primarily included within the function of current expenditures in the fund financial statements. Such assets are recorded at historical costs or estimated historical costs if purchased or constructed. Donated capital assets excluding those received in a service concession arrangement are recorded at acquisition value at the date of donation. Donated capital assets and capital assets received in a service concession arrangement are reported at acquisition value. Highway construction and certain purchases of right of way property, for which title vests with the California Department of Transportation (Caltrans), are included in highway program expenditures. Infrastructure consisting primarily of highway construction and right of way acquisition is generally not recorded as a capital asset, because the Commission does not have title to such assets or rights of way. However, costs related to the development of tolled express lanes are recorded as land and land improvements and construction in progress. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend the life of the asset are not capitalized. Rail stations, rail tracks, temporary construction easements, buildings, office improvements, furniture and equipment, vehicles, toll infrastructure, and transponders are depreciated using the straight-line method over the following estimated useful lives: 39 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 1. Summary of Significant Accounting Policies, Continued Asset Type Rail stations 10 to 30 years Rail tracks 30 years Temporary construction easements 1 to 3 years Buildings 10to20years Office improvements 7 to 10 years Furniture and equipment 3 to 5 years Vehicles 5 years Toll infrastructure 5 to 10 years Transponders 5 years Project costs that have been incurred for the tolled express lanes projects, consisting of the 91 Project and the 1-15 Express Lanes project, and are expected to remain the Commission's assets, are capitalized upon completion as intangible assets that will be amortized over the life of the service concession arrangement with Caltrans. These capitalizable costs have been accumulated in the capital assets as land and land improvements and construction in progress. The costs of the tolled express lanes projects that are not capitalized are expensed as incurred based on management's estimation which is generally based upon the allocation of Measure A and other funding sources, including toll -supported debt. As of June 30, 2019, the estimated project costs incurred but not capitalized related to the 91 Project is primarily right of way, or approximately $113.5 million. All costs related to the 1-15 Express Lanes project are considered capitalizable. Intangible assets: In May 2012 the Commission entered into a toll facility agreement with Caltrans and obtained authority to toll the State Route (SR) 91 from the Orange/Riverside County line to 1-15. The Commission's 91 Project included the RCTC 91 Express Lanes, which opened on March 20, 2017. The toll facility is amortized over the remaining life of the toll facility agreement through March 2067. Compensated absences: Vacation hours accumulated and not taken at year-end is reported as a long-term liability in the government -wide and proprietary fund financial statements. Sick leave is recorded as an expenditure or expense when taken by the employee. Employees with continuous five years of service have the option of being paid for sick leave accumulated in excess of 240 hours at a rate of 50% (i.e., one hour's pay for every two hours in excess of 240). Any sick leave in excess of 240 hours is accrued at fiscal year-end, and a liability is reported in the government -wide and proprietary fund financial statements. Sick leave that is due and payable at year-end is reported as an expenditure and a fund liability of the General fund. Pensions: For purposes of measuring the net pension liability and deferred outflows/inflows of resources related to pensions and pension expense, information about the fiduciary net position of the Commission's California Public Employees' Retirement System (CaIPERS) plans (Plans) and additions to/deduction from Plans' fiduciary net position have been determined on the same basis as they are reported by CaIPERS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with benefit terms. Investments are reported at fair value. Post -employment Benefits Other Than Pensions: For purposes of measuring the net other post - employment benefits (OPEB) asset, deferred outflows/inflows of resources related to the OPEB asset and OPEB expense, information about the fiduciary net position of the Commission's OPEB plan, and additions to/deductions from the OPEB fiduciary net position have been determined on the same basis as they are reported by California Employers' Retiree Benefit Trust (CERBT) administered by CaIPERS. For this 40 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 1. Summary of Significant Accounting Policies, Continued purpose, benefit payments are recognized when due and payable in accordance with benefit terms. Investments are reported at fair value, except for money markets and participating interest -earning investment contracts that have a maturity at the time of purchase of one year or less, which is reported at cost. Risk management: The Commission is exposed to various risks of loss related to workers' compensation; torts; theft of, damage to, or destruction of assets; and errors or omissions. The Commission protects itself against such losses by a balanced program of risk retention, risk transfers, and the purchase of commercial insurance. Loss exposures retained by the Commission are treated as normal expenditures and include any loss contingency not covered by the Commission's purchased insurance policies. Construction projects and rail properties are protected through a combination of commercial insurance, insurance required of Commission consultants, and a self-insurance fund established by the Southern California Regional Rail Authority (SCRRA). Settled claims have not exceeded insurance coverage in any of the past three fiscal years. The RCTC 91 Express Lanes Enterprise fund has purchased commercial property insurance, including business interruption, earthquake and flood coverage related to the RCTC 91 Express Lanes. Deferred outflows of resources: In addition to assets, the statement of net position reports a separate section for deferred outflows of resources. This separate financial statement element represents a consumption of net position that applies to a future period and will not be recognized as an outflow of resources, or expenditure, until then. The Commission has eight items —loss on refunding of bonds, changes in pension assumptions, pension contributions subsequent to measurement date, differences between expected and actual pension experiences, differences between Commission's pension contributions and the proportionate share of pension contributions, pension changes in Commission's proportion, net differences between projected and actual earnings on pension plan investments, and OPEB contributions subsequent to measurement date —which qualify for reporting in this category in the applicable column for governmental and business -type activities on the statement of net position. Deferred inflows of resources: In addition to liabilities, the statement of net position reports a separate section for deferred inflows of resources. This separate financial statement element represents an acquisition of net position that applies to a future period and will not be recognized as an inflow of resources, or revenue, until then. The Commission has four items —changes in pension assumptions, pension changes in Commission's proportion, differences between expected and actual pension experiences, and net differences between projected and actual earnings on OPEB plan investments —which qualify for reporting in this category in the applicable governmental and business -type activities on the statement of net position. Fund equity: In the fund financial statements, the governmental funds report fund balances in various categories based on the nature of any limitations requiring the use of the resources for specific purposes: Nonspendable fund balances cannot be spent, because they are in nonspendable form such as prepaid expenditures or are required to be maintained intact. Restricted fund balances are restricted for specific purposes by third parties or enabling legislation. Committed fund balances include amounts that can be used only for specific purposes determined by adoption of a resolution of the Board. These committed amounts cannot be used for any other purpose unless the Commission removes or changes the specified use through the same type of formal action taken to establish the commitment. 41 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 1. Summary of Significant Accounting Policies, Continued Assigned fund balances comprise amounts intended to be used by the Commission for specific purposes but are not restricted or committed. The Board delegates the authority to assign amounts to be used for specific purposes to the Chief Financial Officer. Assignments generally only exist temporarily; an additional action does not have to be taken for the removal of an assignment. Unassigned fund balance is residual positive net resources of the General Fund in excess of what can properly be classified in one of the other four categories. In all other governmental funds, it is the negative residual fund balance of any other governmental fund that cannot be eliminated by offsetting assigned fund balance amounts. When both restricted and unrestricted resources are available for an incurred expenditure, it is the Commission's policy to spend restricted resources first and then unrestricted resources, as necessary. When unrestricted resources are available for an incurred expenditure, it is the Commission's policy to use committed amounts first, followed by assigned amounts, and then unassigned amounts. In June 2012, the Commission adopted a resolution to establish a policy on reporting and classifying fund balance in the General fund. Net position: In the government -wide and proprietary fund financial statements, net position represents the difference between assets and deferred outflows of resources and liabilities and deferred inflows and is classified into three categories: Net investment in capital assets consists of capital and intangible assets, net of accumulated depreciation and amortization, reduced by the outstanding balances of any borrowings used for the acquisition, construction, or improvement of those assets and excludes unspent debt proceeds. Restricted —net position represents restricted assets less liabilities and deferred inflows of resources related to those assets. Restricted assets are recorded when there are limitations imposed by creditors (such as through debt covenants), contributions, or laws and regulations of other governments or constraints imposed by law through constitutional provisions or through enabling legislation. Unrestricted —(deficit) represents the amount of unrestricted resources that will need to be provided for in future periods. When both restricted and unrestricted resources are available for use, it is the Commission's policy to use restricted —net position resources first and then unrestricted —net position resources, as they are needed. Administration expenditures: The Commission's staff and resources are used in the performance of its responsibilities relating to the activities of the Commission and its component unit. Accordingly, the Commission allocates salaries and benefits to each applicable fund on the basis of actual hours spent by activity, and other indirect overhead is allocated based on a systematic basis. Administrative salaries and benefits of $2,012,050 allocated to Measure A in 2019 were less than 1 % of revenues and in compliance with the law. Use of estimates: The preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures during the reporting period. As such, actual results could differ from those estimates. 42 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 2. Cash and Investments Cash and investments at June 30, 2019 consist of the following: Cash ', Investments Total Restricted Investments Total Cash in bank $ 11,157,040 $ Petty cash 1,016 RCPIF - 498,780,344 Operations pooled investments - 53,113,466 LAIF - 3,807,178 Investments with fiscal agents - - $ 11,157,040 1,016 498,780,344 53,113,466 3,807,178 161,732,429 11,157,040 1,016 498,780,344 53,133,466 3,807,178 161,732,429 Total cash and investments $ 11,158,056 $ 555,700,988 $ 566,859,044 $ 161,732,429 $ 728,591,473 Total cash and investments are reported in the following funds: Unrestricted cash and investments Governmental funds $ 541,655,819 Enterprise fund 25,203,225 Subtotal 566,859,044 Restricted cash and investments Governmental funds 85,352,295 Enterprise fund 76,380,134 Subtotal 161,732,429 Total cash and investments $ 728,591,473 Restricted investments at June 30, 2019 represent investments held by bond trustees for project costs and debt service. FairValue Hierarchy: The Commission categorizes its fairvalue measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure fair value of the assets. Level 1 inputs are quoted prices in an active market for identical assets; Level 2 inputs are based on similar observable assets either directly or indirectly, which may include inputs in markets that are not considered to be active; and Level 3 inputs are significant unobservable inputs (the Commission does not value any of its investments using Level 3 inputs). 43 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 2. Cash and Investments, Continued The following is a summary of the fair value hierarchy of the fair value of investments of the Commission as of June 30, 2019: Investments by fair value level: June 30,2018 Fair Value Measurements Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Investments subject to fair value hierarchy: U.S.Treasury obligations Mortgage and asset -backed securities Corporate notes Money market mutual funds U.S. agency securities Municipal bonds Commercial paper notes Negotiable certificates of deposit Total investments measured at fair value Investments not subject to fair value hierarchy: LAI F RCPIF Total investments $ 69,980,713 $ 35,088,991 34,267,921 27,775,997 22,328,247 9,985,088 9,268,707 6,150,231 42,316,690 $ 27,664,023 35,088,991 34,267,921 27,775,997 22,328,247 9,985,088 9,268,707 6,150 231 214,845,895 $ 42,316,690 $ 172,529,205 3,807,178 498,780,344 $ 717,433,417 Investments classified in Level 1 of the value hierarchy, valued at $42,316,690 are valued using quoted prices in active markets. U.S.Treasuryobligations totaling $27,664,023, mortgage and asset -backed securities totaling $35,088,991, corporate notes totaling $34,267,921, money market funds totaling $27,775,997, U.S. agency securities totaling $22,328,247, municipal bonds totaling $9,985,088, commercial paper totaling $9,268,707, and negotiable certificates of deposit totaling $6,150,231 in 2019, classified in Level 2 of the fair value hierarchy, are valued using matrix pricing techniques maintained by various pricing vendors. Matrix pricing is used to value securities based on the securities' relationship to benchmark quoted prices. Fair value is defined as the quoted market value on the last trading day of the period. These prices are obtained from various pricing sources by the custodian bank. 44 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 2. Cash and Investments, Continued As of June 30, 2019, the Commission had the following investments: Investments Fair Value Principal Interest Rate Range Maturity Range Weighted Average Maturity (Year) Unrestricted: RCPIF LAI F Operations pooled investments: Corporate notes Money market mutual funds Mortgage and asset -backed securities Municipal bonds U.S. agency securities U.S.Treasury obligations Total unrestricted investments Restrided: Negotiable certificates of deposit Commercial paper notes Corporate notes Money market mutual funds Mortgage and asset -backed securities Municipal bonds U.S. agency securities U.S. Treasury obligations Total restricted investments $ 498,780,344 $ 3,807,178 12,034,081 208,225 4,731,401 6,712,781 1,762,955 27,664,023 $ 555,700,988 $ $ 6,150,231 $ 9,268,707 22,233,840 27,567,772 30,357,590 3,272,307 20,565,292 42,316,690 $ 161,732,429 $ 496,867,386 1.000% - 3.330% 07/01 /19 - 06/21 /24 3,800,672 2.16%-2.57% 173days 11,942,288 208,225 4,696,057 6,666,284 1,729,317 27,459,618 1.300%- 3.630% 08/15/19 - 04/1/23 1.751% N/A 1.161 %- 3.560% 07/25/19 - 02/15/24 1.125% - 6.650% 09/01/19-08/15/23 2.100% - 3.000% 08/01/21 - 06/29/22 1.750% - 2.875% 05/15/21 - 03/31/24 553,369,847 Unrestricted investment portfolio weighted average 6,150,131 9,268,288 22,210,520 27,567,772 30,280,966 3,272,988 20,542,925 42,254,223 2.387%- 2.411 % 1.656%- 2.088% 2.061 %- 2.944% 0.000% - 1.860% -0.291 %- 3.885% 2.318%- 2.400% 2.318%- 2.457% 0.283%- 2.656% 07/03/19 - 07/09/19 07/08/19 - 07/23/19 07/02/19 - 05/20/22 N/A 08/15/19 - 09/16/55 07/15/19-11 /15/52 07/05/19 - 01 /13/22 08/31 /19 - 01 /15/29 1.104 173 days or 0.474 1.799 19 days or 0.052 3.213 1.518 2.677 2.322 1.645 0.0410 0.056 1.806 19 days or 0.052 13.084 26.281 2.845 3.340 161,547,813 Restricted investment portfolio weighted average 6.779 The weighted average maturity is calculated using the investment's effective duration weighted by the investment's fair value. As of June 30, 2019, mortgage and asset -backed securities totaled $35,088,991. The underlying assets are consumer receivables that include credit cards, auto/equipment, and home loans. The securities have a fixed interest rate and are rated AAA/Aaa by at least two of the three nationally recognized statistical rating organizations, except for $26,523,158 which is rated AA+/A1 + by S&P. Interest rate risk: While the Commission does not have a formal policy related to the interest rate risk of investments, the Commission's investment policy follows the Code as it relates to limits on investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates. In accordance with the Commission's investment policy, restricted investments are invested in accordance with the maturity provisions of the specific bond indenture, which may extend beyond five years. Custodial credit risk: Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty (e.g., broker -dealer) to a 45 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 2. Cash and Investments, Continued transaction, a government will not be able to recover the value of its investment or collateral securities that are in the possession of another party. The Commission's investment policy requires that a third party bank trust department hold all securities owned by the Commission. All trades are settled on a delivery versus payment basis through the Commission's safekeeping agent. The Commission has deposits with a bank balance of $11,157,040 with a financial institution; bank balances over $5,000,000 are swept daily into a money market account. Of the bank balance, up to $250,000 is federally insured under the Federal Depository Insurance Corporation with balances in excess of $250,000 collateralized in accordance with the Code; however, the collateralized securities are not held in the name of the Commission. Credit risk: The Commission's investment policy as well as the specific bond indentures set minimum acceptable credit ratings for investments from any of the three nationally recognized statistical rating organizations. The following is a summary of the credit quality distribution and concentration of credit risk by investment type as a percentage of each category's fair value at June 30, 2019; securities denoted as NR are not rated by one of the nationally recognized statistical rating organizations. Investments Moody's S&P %of Portfolio RCPIF LAIF Negotiable certificates of deposit Deposit Deposit Commercial paper notes Various Various Various Corporate Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Money market mutual funds Funds Aaa bf NR P-1 P-1 P-1 P-1 P-2 AAAf/S1 NR A-1 A-1 + A-1 A-2 A-2 69.52% 0.53% 0.65% 0.21 % 0.17% 0.45% 0.67% Al A 0.27% Al A+ 0.06% Al AA- 0.47% A2 A 0.38% A2 A- 0.60% A2 A+ 0.03% A3 A 0.21 % A3 A- 0.24% A3 BBB+ 0.35% Aa1 AA- 0.17% Aa2 AA+ 0.19% AA1 AA+ 0.14% Aa3 A+ 0.12% AA2 A+ 0.22% AA2 AA 0.36% AA3 A+ 0.04% AA3 AA 0.06% AA3 AA 0.02% AAA AA+ 0.07% AAA AAA 0.10% Aaa NR 0.48% Baal A 0.20% Aaa AAAm 2.44% 46 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 2. Cash and Investments, Continued Investments Moody's S&P %of Portfolio Funds Mortgage and asset -backed securities Securities Securities Securities Securities Securities Securities Securities Securities Securities Municipal bonds NR Aaa Aaa AAA AAA Aaa NR NR NR P-1 NR AA+ AAA AAA NR NR AAA NR AAA A-1 + 1.43% 0.60% 0.12% 3.22% 0.35% 0.21 % 0.02% 0.14% 0.13% 0.11 % Alameda CountyJoint Powers Authority Lease AA1 AA+ 0.04% California State University AA2 AA- 0.02% Century Housing NR AA- 0.02% Commonwealth of Pennsylvania Aa3 NR 0.04% Greater Orlando Aviation Authority Aa3 AA- 0.10% Inland Valley Development Agency NR AA 0.03% Los Angeles Department of Airports AA2 AA 0.01% Los Angeles County Redevelopment AA2 AA 0.04% New York City Transitional Finance Authority Aa2 AA 0.09% Palo Alto Unified School District AAA AAA 0.05% Sacramento Suburban Water District NR AA+ 0.02% San Diego Public Health NR AA- 0.10% San Francisco Redevelopment Agency NR AA- 0.06% San Jose Development Agency NR AA 0.03% San Marcos Redevelopment Agency NR AA- 0.02% Santa Ana Redevelopment Agency NR AA 0.03% Santa Barbara County Solid Waste Al AA 0.02% Santa Clara Valley Water District AA1 NR 0.06% State of California Build America Bonds AA3 AA- 0.07% State of California AA3 AA- 0.07% State of California Department of Water Resources AA1 AA 0.01% State of Connecticut Al A 0.06% State of Hawaii AA1 AA+ 0.03% State of Maine Housing Authority Aa1 AA+ 0.01% State of New York AA1 AA+ 0.07% State of New York Housing Finance Agency Aa1 NR 0.20% State of North Dakota Housing Finance Agency Aa1 NR 0.01% State of Texas Water Financial AAA AAA 0.03% University of California AA3 AA- 0.07% U.S. agency notes Notes Aaa A-1+ 0.35% Notes Aaa AA+ 1.08% Notes AAA AA+ 1.30% Notes NR NR 0.25% Notes P-1 A-1+ 0.14% U.S.Treasuries Treasury NR NR 9.72% Total 100.00% 47 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 2. Cash and Investments, Continued Concentration of credit risk: The Commission's investment policy places a limit of 10% on the amount of investment holdings with any one non-U.S. Government or non-federal agency issuer. As of June 30, 2019, the Commission did not have investments in any one issuer that represent more than 5% of the Commission's total investments. Note 3. Advances The Commission has approved interest -bearing advances, which may be funded by debt proceeds, to the cities of Blythe, Canyon Lake, and Indio and the Coachella Valley Association of Governments (CVAG) in the amounts of $1,500,000, $600,000, $4,000,000, and $43,300,000, respectively. The cities have pledged their share of 2009 Measure A local streets and roads revenues, and CVAG has pledged its share of 2009 Measure A highway and regional road revenue allocations in accordance with repayment terms specified in each agreement for actual advances. Repayment amounts are withheld from revenue allocations on a monthly basis.The final maturities of the cities of Blythe and Indio advances are due on or before September 1, 2019; the final maturity of the city of Canyon Lake advance is due on or before December 1, 2019; and the final maturities of the CVAG advances are due on or before September 1, 2029. Interest rates range from .910%to 7.307%, excluding the portion of cash subsidy payments (as discussed in Note 7) that may be received by CVAG to reduce its repayment obligations. The outstanding interest -bearing advances, including capitalized interest of $721,979, as of June 30, 2019 were as follows: City of Blythe $ 39,101 City of Canyon Lake 33,216 City of Indio 111,469 Coachella Valley Associated Governments 22,835,487 Total interest -bearing advances receivable $ 23,019,273 Additionally, in February 2019 the Commission approved an advance loan of $22,000,000 from the Local Transportation Fund to the Riverside Transit Agency (RTA) in anticipation of programmed federal funding being awarded and available. Repayment of the advance loan will be remitted to the Commission within 10 days after programmed federal funds are accessible to RTA. 48 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 4. Capital Assets Capital assets activity for the year ended June 30, 2019 was as follows: Governmental activities Balanc June 30, 2018 Additions Deletions Balance Transfers June 30, 2019 Capital assets not being depreciated: Land and land improvements Construction in progress Rail operating easements Construction easements Development in progress Total capital assets not being depreciated Capital assets being depreciated: Rail stations Rail tracks Construction easements Buildings Office improvements Office furniture, equipment and vehicles Total capital assets being depreciated Less accumulated depreciation for: Rail stations Rail tracks Construction easements Buildings Office improvements Office furniture, equipment and vehicles Total accumulated depreciation Total capital assets being depreciated, net Governmental activities capital assets, net $ 172,084,889 142,647,416 63,846,199 1,189,671 $ 1,065,053 111,626,489 31,350 106,969 $ (3,255,366) $ - $ 169,894,576 (4,447,428) (765,378) 249,061,099 63,846,199 1,221,021 106,969 379,768,175 192,253,153 154,543,871 980,670 3,315,135 305,511 1,742,682 353,141,022 (59,596,208) (10,202,411) (980,670) (214,863) (99,957) (1,475,886) (72,569,995) 280,571,027 $ 660,339,202 112,829,861 (7,702,794) (765,378) 484,129,864 10,521,118 105,531 404,707 103,387 376,665 11,511,408 (6,787,440) (5,174,221) (115,631) (164,616) (37,246) (176,922) 115,080 (12,456,076) 115,080 (944,668) $ 111,885,193 $ (7,702,794) $ (115,080) (115,080) (765,378) 202,774,271 154,649,402 1,385,377 3,315,135 408,898 2,004,267 364,537,350 (66,383,648) (15,376,632) (1,096,301) (379,479) (137,203) (1,537,728) (84,910,991) 279,626,359 $ 763,756,223 Business -type activities Balance June 30, 2018 Additions Deletions Balance Transfers June 30, 2019 Capital assets not being depreciated: Land and land improvements Construction in progress Total capital assets not being depreciated Capital assets being depreciated: Toll infrastructure Transponders Buildings Equipment, furniture, and fixtures Total capital assets being depreciated Less accumulated depreciation for: Toll infrastructure Transponders Buildings Equipment, furniture, and fixtures Total accumulated depreciation Total capital assets being depreciated, net Business -type activities capital assets, net $ 43,032,888 174,151 43,207,039 27,899,996 453,819 686,813 25,460 29,066,088 (6,688,530) (93,638) (242,405) (8,999) (7,033,572) 22,032,516 $ 65,239,555 - $ (4,296,755) $ (174,151) (4,470,906) 920,813 35,235 956,048 (5,481,818) (90,764) (84,249) (13,796) (1) (1) 1 (5,670,627) 1 (4,714,579) $ (4,714,579) $ (4,470,906) $ - $ 38,736,133 - 38,736,133 27,899,996 453,818 1,607,626 60,695 - 30,022,135 (12,170,348) (184,402) (326,654) (22,794) - (12,704,198) - 17,317,937 - $ 56,054,070 49 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 4. Capital Assets, Continued Depreciation expense was charged to functions/programs of the Commission's governmental and business -type activities during the year ended June 30, 2019 as follows: Governmental activities: General government Commuter rail Highway Total depreciation expense -governmental activities $ 181,895 11,993,934 280,247 $ 12,456,076 Business -type activities: RCTC 91 Express Lanes Total depreciation expense - business -type activities Note 5. Intangible Assets and Service Concession Arrangements $ 5,670 627 $ 5,670,627 On May 14, 2012, the Commission entered into a toll facilities agreement with Caltrans providing the Commission with authorization to toll the SR-91 from Orange/Riverside County line to 1-15 for 50 years commencing as of the first day on which the RCTC 91 Express Lanes open for public use and toll operations. The agreement also set forth the Commission's leasehold rights to Caltrans' right of way and Caltrans' oversight role in the operations and maintenance of the RCTC 91 Express Lanes. Intangible asset activity for the year ended June 30, 2019 was as follows: Balance Balance June 30, 2018 Additions Transfers June 30, 2019 Toll facility franchise Less accumulated amortization Total toll facility franchise, net $ 249,927,114 $ - $ (5,881,294) (5,010,054) $ 244,045,820 $ (5,010,054) $ 765,378 $ 250,692,492 - (10,891,348) 765,378 $ 239,801,144 50 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 6. Interfund Transactions Due from/to other funds: The composition of balances related to due from other funds and due to other funds at June 30, 2019 is as follows: General fund General fund General fund General fund General fund General fund General fund General fund General fund General fund General fund General fund General fund General fund General fund Measure A Western County Special Revenue fund Measure A Western County Special Revenue fund Measure Coachella Valley Special Revenue fund Transportation Uniform Mitigation Fee Special Revenue fund SB132fund SB132fund Commercial Paper Capital Projects fund Commercial Paper Capital Projects fund Bonds Capital Projects fund Total duefrom/to other funds Nonmajor Governmental funds Nonmajor Governmental funds Transportation Uniform Mitigation Fee Special Revenue fund Measure A Western County Special Revenue fund Measure A Coachella Valley Special Revenue fund RCTC 91 Express Lanes Enterprise fund Local Transportation Fund State Transit Assistance fund SB132fund Transportation Uniform Mitigation Fee Special Revenue fund Measure AWestern County Special Revenue fund Measure Coachella Valley Special Revenue fund SB132fund RCTC 91 Express Lanes Enterprise fund SB132fund Nonmajor Governmental funds RCTC 91 Express Lanes Enterprise fund Debt Service fund Measure A Western County Special Revenue fund Measure A Western County Special Revenue fund RCTC 91 Express Lanes Enterprise fund Nonmajor Governmental funds Measure A Coachella Valley Special Revenue fund Measure Coachella Valley Special Revenue fund 1,587,931 151,098 148,108 29,011 141,600 183,300 1,289,300 162,800 39,700 625,800 54,200 333,100 44,858 539,721 256 44,273 99,026 6,282,998 Fringe benefits allocation Administrative cost allocation Administrative cost allocation Administrative cost allocation Administrative cost allocation Administrative cost allocation Administrative cost allocation Administrative cost allocation Administrative cost allocation Fringe benefits allocation Fringe benefits allocation Fringe benefits allocation Fringe benefits allocation Fringe benefits allocation Cash deficit 752,084 Commuter rail costs allocations Highway project costs allocations Advance loan payment adjustment Regional arterial project costs allocations 601,748 Administrative cost allocation reconciliation 611,984 Surplus funds use for administrative cost allocation related to 15191 Express Lanes project Advance loan payment adjustment Advance loan payment adjustment Advance loan payment adjustment 39,368 546,376 67,894 $ 14,376 534 51 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 6. Interfund Transactions, Continued Advancesto/from otherfunds: The Measu re AWestern County Special Revenue fund advanced $3,000,000 to the Bonds Capital Projects fund to establish an $18,000,000 Transportation Infrastructure Finance and Innovation Act (TIFIA) debt service reserve for the I-15 Express Lanes project as required no later than June 30, 2024. Capitalized interest as of June 30, 2019 was $33,216. Repayment of this initial Commission advance is subject to satisfying certain conditions under the related indenture, including the occurrence of the second anniversary of the TIFIA debt service payment commencement date. Interfund transfers: During 2019, interfund transfers were as follows: Transfers Out Transfers In Amount Explanation Measure A Western County Special Revenue fund Transportation Uniform Mitigation $ Fee Special Revenue fund Measure AWestern County Special Revenue fund Debt Service fund Transportation Uniform Mitigation Fee Special Revenue fund Local Transportation Fund State Transit Assistance Fund Bonds Capital Projects fund Bonds Capital Projects fund Debt Service fund Debt Service fund Nonmajor Governmental funds Nonmajor Governmental funds RCTC 91 Express Lanes Enterprise fund RCTC 91 Express Lanes Enterprise fund RCTC 91 Express Lanes Enterprise fund Total transfers Measure A Western County Special Revenue fund General fund Nonmajor Governmental funds Measure A Western County Special Revenue fund Debt Service fund Measure A Western County Special Revenue fund Measure A Coachella Valley Special Revenue fund Measure A Western County Special Revenue fund Nonmajor Governmental funds Measure A Western County Special Revenue fund SB 132 Special Revenue fund Bonds Capital Projects fund 186,207 Highway project costs allocations 69,504,218 Debt service funding related to highway projects for Western County and to advance agreements for Western County jurisdictions 1,071,845 Highway project costs allocations 24,283,500 Administration, planning and programming, commuter rail operating and station maintenance, and grade separation costs allocations 350,000 Coachella Valley commuter rail costs allocations 9,924,295 Highway project costs allocations 5 Debt service funding 2,797,222 Cash subsidies available after debt service payment 151,098 Share of cash subsidy related to CVAG advance agreement 752,084 Commuter rail costs allocations 3,600,000 Call box program augmentation of freeway service patrol operations 2,630,790 Surplus funds use for the 91 Corridor Operations project 611,984 Transfer of surplus funds to fund the15/91 Express Lanes Connector project 500,000 Excess investment earnings on toll debt service reserve fund to toll senior lien project bond fund $ 116,363,248 In connection with the substantial completion of the 91 Project in March 2017 and the commencement of toll operations on the RCTC 91 Express Lanes, the Commission transferred $765,378 of intangible asset costs from the governmental activities to the RCTC 91 Express Lanes Enterprise fund. 52 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 7. Long-term Obligations The following is a summary of the changes in long-term obligations for the year ended June 30, 2019: Governmental activities Balance June 30, 2018 Additions / Accretion Balance Reductions June 30, 2019 Due Within One Year Sales tax revenue bonds: 2010 Bonds 2013 Bonds 2016 Refunding Bonds 2017 Bonds, series 2017 Refunding Bonds, series B 2018 Refunding Bonds Total bonds payable Sales tax revenue bonds premium Total bonds payable, net TIFIA Loan MSHCP funding liability Capital lease Compensated absences liability Total long-term obligations $ 112,370,000 66,795,000 68,535,000 155,050,000 392,730,000 63,540,000 859,020,000 128,790,267 987,810,267 6,000,000 7,965 893,822 $ 994,712,054 $ $ $ (12,090,000) (4,940,000) (4,470,000) - (4,465,000) - (25,965,000) (11,841,861) (37,806,861) 15,121,739 - (3,000,000) 55,000 (12,461) 110,520 (173,092) 15,287,259 $ (40,992,414) $ 112,370,000 $ 54,705,000 63,595,000 150,580,000 392,730,000 59,075,000 833,055,000 12,690,000 5,185,000 4,690,000 4,680,000 27,245,000 116, 948, 406 11,511,679 950,003,406 38,756,679 15,121,739 3,000,000 50,504 831,250 $ 969,006,899 3,000,000 8,685 351,719 $ 42,117,083 Business -type activities Balance June 30, 2018 Additions / Accretion Reductions Balance Due Within June 30, 2019 One Year Toll revenue bonds: 2013 Bonds Toll revenue bonds discount Total bonds payable, net TIFIA loan Compensated absences liability Total long-term obligations $ 196,596,616 (2,074,446) 194,522,170 $ 4,828,668 $ 4,828,668 453,980,866 15, 889,794 54,732 326 $ 648,557,768 $ 20,718,788 $ - $ 201,425,284 $ 73,073 (2,001,373) 73,073 199,423 911 - 469,870,660 (208) 54,850 72,865 $ 669,349,421 $ 21,772 21,772 The Commission has pledged a portion of future sales tax revenues through maturities of the bonds to repay $833,055,000 in outstanding sales tax revenue bonds payable issued in November 2010 (2010 Bonds), July 2013 (2013 Sales Tax Bonds), September 2016 (2016 Refunding Bonds), July 2017 (2017A Sales Tax Bonds), December 2017 (2017B Refunding Bonds), and March 2018 (2018 Refunding Bonds) outstanding at June 30, 2019 plus related interest. The bonds are payable solely from the 2009 Measure A sales tax revenues on a senior and subordinate lien basis, respectively. Annual principal and interest payments on the bonds, are expected to require less than 36%of 2009 Measure revenues. For the current year, interest paid on the bonds was $43,590,738. Cash subsidies of $2,797,222 related to the bonds were received from the U.S. Treasury during the current year and were recorded as intergovernmental revenues. The toll revenue bonds issued in July 2013 (2013 Toll Bonds) are secured by a senior lien on the trust estate, which consists primarily of toll revenues and account revenues less operating and maintenance expenses of the RCTC 91 Express Lanes, which opened in March 2017. The Commission also executed a TIFIA loan agreement for up to $421,054,409 in July 2013 secured on a subordinate basis to the 2013 Toll Bonds, except in the case of any bankruptcy related event, as defined in the toll indenture and TIFIA loan agreement, when the TIFIA loan automatically becomes a senior lien obligation. The TIFIA loan is 53 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 7. Long-term Obligations, Continued evidenced by a toll revenue bond issued pursuant to the toll bond indentures; the amount outstanding under the TIFIA loan at June 30, 2019 is $469,870,660, including compounded interest of $48,816,251. Additionally, the Commission executed a TIFIA loan agreement for up to $152,214,260 in July 2017 as a senior toll revenue bond on the trust estate, which consists primarily of toll revenues and account revenues less operating and maintenance expenses of the 15 Express Lanes, which are expected to open in 2020. The amount outstanding under the TIFIA loan at June 30, 2019 is 15,121,739, including compounded interest of $175,603. Sales tax revenue bonds payable: Under the provisions of the 2009 Measure A, as amended by Measure K approved by the voters in November 2010, the Commission has the authority to issue bonds subject to a bond debt limitation of $975,000,000. The following is a summary of bonds issued and secured by 2009 Measure A revenues that are outstanding at June 30, 2019: 2010 Sales Tax Revenue Bonds (Limited ax Bonds), Series B (Taxable Build America Bonds): Outstanding In November 2010, the Commission issued sales tax revenue bonds consisting of the $37,630,000 SeriesA(2010A Bonds)and $112,370,000 Series B (2010B Bonds), for a total issuance of $150,000,000 (collectively, the 2010 Bonds). For the Series B Build America Bonds (BABs), $44,800,000 was designated as recovery zone economic development bonds (RZEDBs). A portion of the 2010 Bonds was used to retire $103,284,000 of the outstanding commercial paper notes with the remaining proceeds used to fund 2009 Measure A Western County and Coachella Valley capital projects and pay costs of issuance for the 2010 Bonds. In December 2017, the 2010A Bonds were refunded. The remaining 2010B Bonds mature in annual installments ranging from $530,000 to $17,980,000 on various dates from June 1, 2032 to June 1, 2039 at an interest rate of 6.807%. The Commission expects, but is not guaranteed, to receive a cash subsidy from the U.S. Treasury equal to 35% of the interest payable on the BABs or 45% of the interest payable on the 2010B Bonds additionally designated as RZEDBs. $ 112,370,000 During 2019 the cash subsidy related to the 2010 Bonds that was received from the U.S. Treasury was approximately $2,797,222, or $184,878 less than the amount anticipated. The subsidy reduction resulted from federal sequestration cuts of 6.3% for federal fiscal year ended September 30, 2019. The federal sequestration cuts may continue for an unknown duration. In accordance with the bond maturity schedule, and assuming no subsidy reduction, annual debt service requirements to maturity for the 2010B Bonds payable throughout the term of the bonds are as follows: Year Ending June 30 Principal Interest Total Subsidy Total, net 2020 2021 2022 2023 2024 2025-2029 2030-2034 2035-2039 $ - $ 7,649,000 7,649,000 7,649,000 7,649,000 7,649,000 - 38,245,200 29,170,000 37,219,300 83,200,000 17,452,200 $ 112,370,000 $ 131,161,700 $ 7,649,000 7,649,000 7,649,000 7,649,000 7,649,000 38,245,200 66,389,300 100,652,200 $ 243,531,700 (2,982,100) (2,982,100) (2,982,100) (2,982,100) (2,982,100) (14,910,500) (14,551,500) (7,386,200) $ (51,758,700) 4,666,900 4,666,900 4,666,900 4,666,900 4,666,900 23,334,700 51,837,800 93,266,000 $ 191,773,000 54 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 7. Long-term Obligations, Continued 2013 Sales Tax Revenue Bonds (Limited Tax Bonds), Series A (Tax-exempt) Outstanding In July 2013, the Commission issued $462,200,000 principal amount of serial bonds at a premium of $38,328,775 to retire all, or $60,000,000, of the outstanding principal amount of commercial paper notes, fund a portion of the 91 Project costs, pay capitalized interest during construction, and pay cost of issuance. In December 2017, the Commission refunded the callable portion of the outstanding 2013 Sales Tax Bonds. The remaining 2013 Sales Tax Bonds mature in annual installments ranging from $12,690,000 to $14,695,000 on various dates from June 1, 2020 through June 1, 2023 at an interest rate of 5.00%. $ 54,705,000 In accordance with the bond maturity schedule, annual debt service requirements to maturity for the 2013 Sales Tax Bonds payable throughout the term of the bonds are as follows: Year Ending June 30 Principal Interest Total 2020 2021 2022 2023 $ 12,690,000 13,325,000 13,995,000 14,695,000 $ 2,735,300 2,100,800 1,434,500 734,600 $ 15,425,300 15,425,800 15,429,500 15,429,600 $ 54,705,000 $ 7,005,200 $ 61,710,200 2016 Sales Tax Revenue Refunding Bonds (Limited Tax Bonds), Series A (Tax-exempt): Outstanding In October 2016, the Commission issued sales tax revenue bonds of $76,140,000. A portion of the 2016 Refunding Bonds was used to refund all of the outstanding Series A bonds issues in 2009, retire all of the outstanding commercial paper notes, finance a termination payment in connection with an interest rate swap agreement and pay costs of issuance. The outstanding 2016 Refunding Bonds mature in annual installments ranging from $5,185,000 to $7,305,000 on various dates from June 1, 2020 through June 1, 2029 at interest rates ranging from 2.00%to 5.00%. $ 63,595,000 In accordance with the bond maturity schedule, annual debt service requirements to maturity for the 2016 Refunding Bonds payable throughout the term of the bonds are as follows: Year Ending June 30 Principal Interest Total 2020 2021 2022 2023 2024 2025-2029 $ 5,185,000 5,445,000 5,720,000 6,005,000 6,305,000 34,935,000 $ 2,266,100 2,006,900 1,734,600 1,448,600 1,148,300 2,333,000 $ 7,451,100 7,451,900 7,454,600 7,453,600 7,453,300 37,268,000 $ 63,595,000 $ 10,937,500 $ 74,532,500 55 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 7. Long-term Obligations, Continued 2017 Sales Tax Revenue Bonds (Limited Tax Bonds), Series A (Tax-exempt): Outstanding In July 2017, the Commission issued sales tax revenue bonds of $158,760,000 at a premium of $28,931,909to fund a portion ofthe I-15 Express Lanes project and complete the 91 Project. The outstanding 2017A Bonds mature in annual installments ranging from $4,690,000 to $11,440,000 on various dates from June 1, 2020 to June 1, 2039 at interest rates ranging from 3.00%to 5.00%. $ 150,580,000 In accordance with the bond maturity schedule, annual debt service requirements to maturity for the 2017A Sales Tax Bonds payable throughout the term of the bonds are as follows: Year Ending June 30 Principal Interest Total 2020 2021 2022 2023 2024 2025-2029 2030-2034 2035-2039 4,690,000 4,835,000 5,075,000 5,280,000 5,540,000 32,155,000 40,965,000 52,040,000 7,322,000 7,181,300 6,939,600 6,736,600 6,472,600 27,919,100 19,103,300 8,027,000 12,012,000 12,016,300 12,014,600 12,016,600 12,012,600 60,074,100 60,068,300 60,067,000 $ 150,580,000 $ 89,701,500 $ 240,281,500 In connection with the issuance of the 2017A Sales Tax Bonds, the Commission provided for the establishment of an 1-15 Trust Fund for deposits of sales tax revenues as required by the toll indenture for the 1-15 Express Lanes project. 2017 Sales Tax Revenue Refunding Bonds (Limited Tax Bonds), Series B (Tax-exempt): Outstanding In December 2017, the Commission issued sales tax revenue bonds of $392,730,000 at a premium of $80,058,109 to refund all of the outstanding 2010A Bonds and refund a portion of the 2013 Sales Tax Bonds. The 2017B Refunding Bonds mature in annual installments ranging from $15,045,000 to $30,980,000 on various dates from June 1, 2024 to June 1, 2039 at interest rates ranging from 4.00%to 5.00%. $ 392,730,000 In accordance with the bond maturity schedule, annual debt service requirements to maturity forthe 2017B Refunding Bonds payable throughout the term of the bonds are as follows: Year Ending June 30 Principal Interest Total 2020 2021 2022 2023 2024 2025-2029 2030-2034 2035-2039 $ - $ 19,366,400 - 19,366,400 - 19,366,300 - 19,366,300 15,045,000 19,366,300 87,300,000 84,766,000 149,050,000 55,037,800 141,335,000 21,310,200 $ 392,730,000 $ 19,366,400 19,366,400 19,366,300 19,366,300 34,411,300 172,066,000 204,087,800 162,645,200 $ 257,945,700 $ 650,675,700 56 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 7. Long-term Obligations, Continued The refunding was undertaken to advance refund all of the outstanding 2010A Bonds and the callable portion of the outstanding 2013 Sales Tax Bonds in the amounts of $37,630,000 and $372,445,000, respectively, and reduce future debt service payments. The reacquisition price exceeded the net carrying amount of the old debt by approximately $41,742,900. This amount is reflected as a deferred outflow of resources and amortized over the life of the old debt, which is the same as the 2017B Refunding Bonds obligation. At June 30, 2019, the unamortized deferred amount on refunding was $36,140,998. The transaction also resulted in an economic gain (difference between the present values of the debt service payments on the old debt and the new debt) of approximately $39,936,000 and a reduction in future debt payments of approximately $52,013,000. 2018 Sales Tax Revenue Refunding Bonds (Limited Tax Bonds), Series A (Tax-exempt): Outstanding In April 2018, the Commission issued sales tax revenue bonds of $64,285,000 at a premium of $10,723,789 to refund all of the outstanding Series B and Series C bonds issued in 2009 and finance a termination payment in connection with an interest rate swap agreement with Bank of America. The outstanding 2018 Refunding Bonds mature in annual installments ranging from $4,680,000 to $7,290,000 on various dates from June 1, 2020 through June 1, 2029 at interest rates ranging from 4.00%to 5.00%. $ 59,075,000 In accordance with the bond maturity schedule, annual debt service requirements to maturity for the 2018 Refunding Bonds payable throughout the term of the bonds are as follows: Year Ending June 30 Principal Interest Total 2020 2021 2022 2023 2024 2025-2029 4,680,000 4,890,000 5,205,000 5,425,000 5,745,000 33,130,000 $ 59,075,000 2,953,800 2,719,800 2,475,200 2,215,000 1,943,800 5,134,400 7,633,800 7,609,800 7,680,200 7,640,000 7,688,800 38,264,400 $ 17,442,000 $ 76,517,000 This refunding was undertaken to eliminate certain risks associated with managing the Commission's variable rate debt. The transaction resulted in a decrease in future debt payments of approximately $802,000 and an economic gain of approximately $746,000 (difference between the present value of the debt service payments on the old debt and the new debt). The reacquisition price and the net carrying amount of the old debt were the same. Toll revenue bonds payable: In July 2010, the Commission authorized the issuance and sale of not to exceed $900 million of toll revenue bonds related to the 91 Project. In May 2017, the Commission authorized the issuance and sale of not to exceed $165,000,000 of toll revenue bonds, including a TIFIA loan related to the I-15 Express Lanes project. 57 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 7. Long-term Obligations, Continued 2013 Toll Revenue Bonds, Series A (Current Interest Obligation): Outstanding In July 2013, the Commission issued $123,825,000 principal amount of serial current interest bonds (CIBs) at a discount of $2,433,315 to fund a portion of the 91 Project, pay capitalized interest during construction, fund a debt service reserve fund, fund an initial amount for an operations and maintenance fund, and pay costs of issuance. The CIBs consist of a serial bond maturing on June 1, 2044 in the amount of $39,315,000 at an interest rate of 5.75% and a term bond due on June 1, 2048 in the amount of $84,510,000 with annual sinking funds payments of $42,255,000 on June 1, 2047 and June 1, 2048 at an interest rate of 5.75%. $ 123,825,000 In accordance with the bond maturity schedule, annual debt service requirements to maturity for the 2013 Toll Bonds CIBs payable throughout the term of the bonds are as follows: Year Ending June 30 2020 2021 2022 2023 2024 2025-2029 2030-2034 2035-2039 2040-2044 2045-2048 - $ 7,119,900 $ 7,119,900 39,315,000 84,510,000 $ 123,825,000 7,119,900 7,119,900 7,119,900 7,119,900 35,599,700 35,599,700 35,599,700 35,599,700 17,007,800 7,119,900 7,119,900 7,119,900 7,119,900 35,599,700 35,599,700 35,599,700 74,914,700 101,517,800 $ 195,006,100 $ 318,831,100 2013 Toll Revenue Bonds, Series B (Capital Appreciation Obligation): Outstanding In July 2013, the Commission issued $52,829,600 principal amount of serial capital appreciation bonds (CABs) to fund a portion of the 91 Project, pay capitalized interest during construction, fund a debt service reserve fund, fund an initial amount for an operations and maintenance fund, and pay costs of issuance. The CABs will not pay current interest as interest will be compounded commencing December 2013 semiannually and paid at maturity. Therefore, the CABs will increase in value, or accrete, by the accumulation of such compounded interest from its initial principal amount to the maturity value in installments ranging from $3,440,000 to $34,220,000 on various dates from June 1, 2022 through June 1, 2043. Interest rates and yield to maturity range from 5.30%to 7.15%. During 2019, the accretion amount was $4,828,668; the aggregate accretion through June 30, 2019 is $24,770,681. $ 77,600,284 58 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 7. Long-term Obligations, Continued In accordance with the bond maturity schedule, annual debt service requirements to maturity for the 2013 Toll Bonds CABS payable throughout the term of the bonds are as follows: Year Ending June 30 Principal Accreted Interest Total 2022 2023 2024 2025-2029 2030-2034 2035-2039 2040-2043 2,396,700 3,098,000 3,739,200 20,311,000 11,492,900 11,791,800 $ 52,829,600 1,423,300 2,231,900 3,245,900 29,634,000 30,657,100 3,820,000 5,329,900 6,985,100 49,945,000 42,150,000 78,458,200 90,250,000 $ 145,650,400 $ 198,480,000 2013 TIFIA Loan Agreement - 91 Project: Outstanding In July 2013, the Commission executed a TIFIA loan of up to $421,054,409, which proceeds financed a portion of the costs for the 91 Project. During construction and for a period of up to five years following substantial completion, interest is compounded and added to the initial TIFIA loan. The TIFIA loan requires mandatory debt service payments at a minimum and scheduled debt service payments to the extent additional funds are available. TIFIA debt service payments are expected to commence on December 1, 2021, which is five years after substantial completion of the 91 Project, through June 1, 2051. The interest rate of the TIFIA loan is 3.47%. $ 469,870,660 The TIFIA loan is a toll revenue bond that is subordinate to the senior toll revenue bonds per the 91 Project indenture. In accordance with the TIFIA loan maturity schedule, the approximate annual mandatory debt service requirements to maturity for the TIFIA loan payable throughout the term of the loan are as follows: Year ending June 30 Principal Mandatory Interest Total 2022 2023 2024 2025-2029 2030-2034 2035-2039 2040-2044 2045-2049 2050-2051 $ 9,914,000 117,632,000 79,124,000 247,089,000 49,579,000 $ Total 503,338,000 Future compounded interest (33,467,340) Total TIFIA loan $ 469,870,660 1,921,000 1,921,000 1,924,000 25,570,000 87,312,000 78,402,000 57,931,000 35,110,000 2,050,000 $ 1,921,000 1,921,000 1,924,000 25,570,000 97,226,000 196,034,000 137,055,000 282,199,000 51,629,000 292,141,000 $ 795,479,000 59 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 7. Long-term Obligations, Continued Pursuant to the 91 Project toll indenture and TIFIA loan agreement, the Commission deposited with the trustee $136,451,515 through 2017 into an equity account for payment of 91 Project costs. In connection with the issuance ofthe2013To11 Bonds consisting of the ClBs and CABs, a debt service reserve of $17,665,460 and an operations and maintenance fund of $3,137,666 were established. Additionally, the toll indenture and TIFIA loan agreement require the Commission to establish a subordinate obligations reserve fund of $20,000,000 with Measure A sales tax revenues no later than July 1, 2019, to the extent that the proceeds from the sales of excess right of way acquired by the Commission in connection with the 91 Project are insufficient. The $20,000,000 reserve was funded in June 2019 from the proceeds of the sale of excess properties on the SR-91 and surplus funds. 2017 TIFIA Loan Agreement -1-15 Express Lanes: Outstanding In July 2017, the Commission executed a TIFIA loan of up to $152,214,260, which proceeds will finance a portion of the costs for the 1-15 Express Lanes project. During construction and for a period of up to five years following substantial completion, interest is compounded and added to the initial TIFIA loan. The TIFIA loan requires mandatory debt service payments at a minimum and scheduled debt service payments to the extent additional funds are available. TIFIA debt service payments are expected to commence on June 1, 2025, which is five years after substantial completion of the I-15 Express Lanes project, through June 1, 2055. The interest rate of the TIFIA loan is 2.84%. During 2019, $14,946,136 was drawn on the TIFIA loan and $175,603 in interest was compounded. $ 15,121,739 The TIFIA loan is a senior toll revenue bond per the 1-15 Express Lanes project indenture. In accordance with the TIFIA loan maturity schedule, the approximate annual mandatory debt service requirements to maturity for the TIFIA loan payable throughout the term of the loan are as follows: Mandatory Year ending June 30 Principal Interest Total 2025-2029 2030-2034 2035-2039 2040-2044 2045-2049 2050-2054 2055 24,622,700 28,323,500 32,576,600 37,480,600 43,109,900 9,370,300 $22,420,000 48,182,400 48,182,400 48,182,400 48,182,400 48,182,400 9,636,400 $22,420,000 72,805,100 76,505,900 80,759,000 85,663,000 91,292,300 19,006,700 Total 175,483,600 $ 272,968,400 $ 448,452,000 Future compounded interest (23,269,300) Total TIFIA loan $ 152,214,300 Pursuant to the 1-15 Express Lanes project toll indenture, the Commission will establish the following to support the 15 Express Lanes: • A $16.5 million ramp -up reserve prior to substantial completion and commencement of express lanes operations anticipated in 2020; 60 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 7. Long-term Obligations, Continued • An $18 million TIFIA loan reserve from an initial loan of Measure Asales tax revenues up to $3 million per year from 2019 through 2024 to the extent that 15 Express Lanes revenues are not sufficient to fund the TIFIA loan reserve; and • Up to a $38.5 million backstop loan from Measure A sales tax revenues of up to $3.85 million per year to the extent 15 Express Lanes revenues are not sufficient to cover operations and maintenance costs, TIFIA loan mandatory debt service, and TIFIA scheduled interest. During 2019, the Commission funded the initial $3,000,000 required for the TIFIA loan reserve with a loan of Measure A sales tax revenues. The loan is included in advances from the Measure A Western County Special Revenue fund to the Bonds Capital Projects fund. Commercial paper notes payable: In February 2005, the Commission authorized the issuance of tax- exempt commercial paper notes in an amount not to exceed $200,000,000 for the primary purpose of financing right of way and mitigation land acquisition and project development costs of capital projects under the 2009 Measure A. The Commission reduced the authorization to $60,000,000 in September 2013. As of June 30, 2019, $0 was outstanding in commercial paper notes. The source of revenue to repaythe commercial paper notes and any subsequent long-term debt refinancing is the 2009 Measure A sales tax. Interest is payable on the respective maturity dates of the commercial paper notes, which is up to 270 days from the date of issuance. The maximum allowable interest rate on the commercial paper notes is 12%. As a requirement for the issuance of the commercial paper notes, the Commission entered into a $60,750,000 irrevocable direct draw letter of credit and reimbursement agreement with State Street Bank and Trust Company (State Street) as credit and liquidity support for the commercial paper notes through October 2020. The commitment fees paid to State Street were $257,985 in 2019. Funds are drawn under the letter of credit to pay debt service on the commercial paper notes, and the Commission is required to reimburse the bank for such drawings. Amounts drawn on the letter of credit and not reimbursed within 30 days are not due until five years after the date of such draw. Accordingly, the commercial paper notes are classified as long-term liabilities in the Commission's government -wide financial statements. There were no unreimbursed draws by the Commission on the remaining letter of credit during the year ended June 30, 2019, nor were there any amounts outstanding under the remaining letter of credit agreement at June 30, 2019. The Commission's commercial paper program functions similar to bond anticipation notes for reporting purposes, as the commercial paper notes are issued and retired with long-term debt issuances. Commercial paper notes are classified as long-term debt as long as the Commission's letter of credit facility extends at least one year past its fiscal year end; otherwise, the commercial paper notes are classified as a fund liability. Capital lease obligation: The Commission has entered into a lease agreement for financing the acquisition of office equipment.This lease agreement qualifies as a capital leasefor accounting purposes and,therefore, has been recorded at the present value of its future minimum lease payments. The office equipment book value of $55,000 is recorded as a capital asset in the governmental activities. Total future minimum lease obligations and the net present value of these minimum lease payments as ofJune 30, 2019 are as follows: 61 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 7. Long-term Obligations, Continued Year Ending June 3 Total 2020 2021 2022 2023 2024 Total minimum lease payments Less amount representing interest Present value of minimum lease payments $ 15,762 15,762 15,762 15,762 6,567 69,615 (19,111) $ 50,504 Arbitrage rebate: The Tax Reform Act of 1986 instituted certain arbitrage restrictions with respect to the issuance of tax-exempt bonds and commercial paper notes after August 31, 1986. In general, arbitrage regulations deal with the investment of all tax-exempt bond and commercial paper note proceeds at an interest yield greater than the interest yield paid to bondholders or noteholders. Failure to follow the arbitrage regulations could result in all interest paid to bondholders or noteholders retroactively rendered taxable. In accordance with the arbitrage regulations, if excess earnings were calculated, 90%of the amount calculated would be due to the Internal Revenue Service at the end of each five-year period.The remaining 10%would be recorded as a liability and paid after all bonds had been redeemed. During the current year, the Commission performed calculations of excess investment earnings on all bond and commercial paper financings. There was no arbitrage liability at June 30, 2019. MSHCP funding liability: Under the 2009 Measure A, the Commission is required to provide $153,000,000 of Measure A funding under the Western County MSHCP. Through the current year, the Commission has fulfilled approximately $150,000,000 of the funding requirement. In March 2012, the Commission authorized a $24,000,000 commitment to the Western Riverside County Regional Conservation Authority (RCA) to provide funding for its remaining obligation to the MSHCP for its covered activities. Under the terms of the agreement, the commitment will be paid over eight years at $3,000,000 per year through December 2019. However, if, within the first two years of the agreement, the RCA received a federal loan guarantee related to the MSHCP or its revenues have returned to 2005 levels, the Commission may modify its commitment. The Commission did not modify its commitment within the first two-year period, and, accordingly, the remaining liability of $3,000,000 is recorded as a liability in the government -wide financial state m e nts. Note 8. Net Position and Fund Balances Net position: Net investment in capital assets of $407,083,162, as reported on the statement of net position, represents capital and intangible assets, net of accumulated depreciation and amortization, of $1,059,611,437 less the related debt of $652,528,275. The related debt includes the portion of the sales tax revenue and toll revenue bonds that was used for the development of tolled express lane capital assets. The deficit in business -type activities will be reduced by future toll revenues for the payment of outstanding toll obligations. Net Investment in Capital Assets Governmental Activities Business -Type Activities Total Capital assets, net Less: related debt Total $ 763,756,223 (56,820,636) $ 706,935,587 $ 295,855,214 (595,707,639) $ (299,852,425) $1,059,611,437 (652,528,275) $ 407,083,162 Additionally, the statement of net position reports $820,131,347 of restricted net position, of which $547,857,146 is restricted by enabling legislation. 62 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 8. Net Position and Fund Balances, Continued Fund balances: Measure A: Measure A sales tax revenues are allocated to the three defined geographic areas of Riverside County, consisting of Western County, Coachella Valley, and Palo Verde Valley in proportion to the funds generated within those areas. Revenues must then be allocated to the programs of the geographic areas according to percentages as defined by Measure A and are legally restricted for applicable program expenditures. Bond and commercial paper note proceeds are allocated to the geographic areas based on the estimated uses. Accordingly, the related fund balances are classified as follows: Highways: Funds are to be used for project costs including engineering, right of way acquisitions, and construction of the Western County highways and Coachella Valley highways and regional arterials. Funds for new corridors are to be used for environmental clearance, right of way acquisition, and construction of four new Western County transportation corridors identified through CETAP. In order to attract commercial and industrial development and jobs in the Western County, funds are expended to create an infrastructure improvement bank to improve and construct interchanges, provide public transit linkages or stations, and make other improvements to the transportation system. Funds are also provided to support bond financing costs. These program funds are intended to supplement existing federal, state, and local resources. Coachella Valley highway and regional arterial funds are matched by TUMF revenues generated in the Coachella Valley. Accordingly, funds for highways, Coachella Valley regional arterials, new corridors, economic development, and bond financing are reflected as restricted for these specific purposes as stipulated by the 1989 Measure A and 2009 Measure A. Commuter rail: Funds for rail operations and to match federal funds for capital are restricted as stipulated by the 2009 Measure A Western County public transit program. Certain state revenues are restricted for the planning and development of the new Coachella Valley/San Gorgonio Pass corridor rail service. Regional arterials: Funds for regional arterials are used to implement the planned Western County regional arterial system, as defined by WRCOG. Local streets and roads: Funds to be expended by local jurisdictions for the construction, repair, and maintenance of local streets and roads are reflected as restricted as stipulated by the 2009 Measure A. The County and local cities are required to supplement those expenditures with other previously dedicated revenue sources to maintain road improvements. Monies are disbursed to the jurisdictions which comply with the requirements to maintain the same level of funding for streets and roads as existed prior to the passage of the 2009 Measure A and participate in TUMF (as applicable in the Western County and Coachella Valley areas) and the MSHCP in Western County and which annually submit a five-year capital improvement plan. Commuter assistance and transit: Funds for publictransitare used to promote and subsidize commuter assistance programs such as ridesharing and telecommuting and specialized transportation to guarantee reduced transit fares, expand existing transit services, and implement new transit services for seniors and persons with disabilities. These funds are restricted as stipulated by the 2009 Measure A. Funds for intercity bus services in Western County and bus replacement and more frequent service in the Coachella Valley are restricted as stipulated by the 2009 Measure A. Debt service: Certain bond proceeds that have been used to make required sinking fund payments in the Debt Service fund as required by the bond agreements are classified as restricted. Amounts held by the trustee equal to the maximum annual debt service are recorded in the Debt Service fund as restricted. 63 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 8. Net Position and Fund Balances, Continued Transportation Development Act: Restricted fund balance for the LTF represents the apportionments related to transit programs by geographic area, bicycle and pedestrian facilities, and planning and programming services and unapportioned revenues. Restricted fund balance for the STA and State of Good Repair represents the apportionments for transit by geographic area. The TDA restrictions at June 30, 2019 are as follows: Local Transportation State Transit State of Good Fund Assistance Repair Total Bicycle and pedestrian facilities Transit and specialized transportation Western County: Bus transit: City of Banning City of Beaumont City of Corona City of Riverside Riverside Transit Agency Apportioned and unallocated Commuter rail: Commission Apportioned and unallocated Total Western County Coachella Valley: BusTransit SunLine Transit Agency Apportioned and unallocated Commuter Rail Commission Apportioned and unallocated Total Coachella Valley Palo Verde Valley: Palo Verde Valley Transit Agency Apportioned and unallocated for transit and local streets and roads Total Palo Verde Valley Unapportioned funds Total transit and specialized transportation $ 7,474,877 $ 7,474,877 - 799,506 76,050 875,556 4,362 1,458,221 116,392 1,578,975 898,069 196,244 1,094,313 278,030 193,714 471,744 3,126,866 26,868,008 3,711,831 33,706,705 46,975,393 31,541,015 85,892 78,602,300 2,000,000 - 799,813 2,799,813 6,402,854 27,844,427 24,523 34,271,804 58,509,475 89,687,276 5,204,459 153,401,210 2,934,027 14,492,959 1,412,176 18, 839,162 3,474,099 2,979,946 26,808 6,480,853 9,262 - 9,262 52,084 - 52,084 6,408,126 17,534,251 1,438,984 25,381,361 76,508 35,760 112,268 1,166,177 171,376 1,353 1,338,906 1,166,177 247,884 37,113 1,451,174 17,982,698 - - 17,982,698 $ 91,541,353 $ 107,469,411 $ 6,680,556 $ 205,691,320 Commuter rail: Restricted fund balances in the General fund and a nonmajor governmental fund represent TDA monies to be used for commuter rail operations and capital. Transportation Uniform Mitigation Fee: TUMF revenues to be received by the Commission are to be used for new CETAP corridors and the regional arterial system in Western County and are restricted as follows: CETAP: Funds for the development of new transportation corridors are used to provide congestion relief and mobility within the County and between the County and its neighboring Orange and San Bernardino counties. Funds will be matched by revenues of $370 million generated from the 2009 Measure A. 64 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 8. Net Position and Fund Balances, Continued Regional arterials: Funds for regional arterials are used to implement the planned Western County regional arterial system. Funds will be matched by revenues of $300 million generated from the 2009 Measure A. Prepaid amounts: Prepaid amounts are reported as nonspendable fund balance asthey are in nonspendable form. Motorist assistance: Funds in the Service Authority for Freeway Emergencies and Freeway Service Patrol Special Revenue funds, which are reported as nonmajor governmental funds of $6,825,688 and $3,675,823, respectively, to assist motorists on County roads are restricted as stipulated by the State. General government: Funds allocated by Measure A, TUMF, LTF, motorist assistance, STA, Coachella Valley Rail, and SB 132 programs to the General Fund have been assigned by the Commission for general government administration. RCTC 91 Express Lanes: Restricted net position for toll operations consists of net toll revenues from toll operations in the RCTC 91 Express Lanes Enterprise fund in accordance with the toll bond indenture. Unassigned: The SB 132 Special Revenuefund reported a negative unassigned fund balance of $1,272,356. The Commission anticipates future reimbursements from Caltrans will reduce the negative fund balance. Note 9. Commitments and Contingencies Operating lease: The Commission has entered into an operating lease agreement for office facilities. The term of the lease, as amended, is for a period of 10 years expiring in October 2027. Rental expenditures for the fiscal year ended June 30, 2019 were approximately $540,300. Year Ending June 30 Amount 2020 2021 2022 2023 2024 2025-2027 564,138 581,060 598,493 616,449 634,945 1,551,215 Total minimum rental commitment $ 4,546,300 Real property and project agreements: The Commission has entered into other agreements in the ordinary course of business with companies and other governmental agencies for the acquisition of real property as well as the engineering and construction of certain highway and commuter rail projects. These agreements, which are significant, are funded with available and future revenues and debt proceeds. Litigation: Certain claims involving disputed construction costs and property acquisition costs, including goodwill claims, have arisen in the ordinary course of business. Additionally, the Commission is a defendant in lawsuits. Although the outcome of these matters is not presently determinable, management does not expect that the resolution of these matters will have a material adverse impact on the financial condition of the Commission. 65 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 10. Joint Agreements Joint ventures: The Commission is one of five members of the SCRRA, an independent joint powers authority created in June 1992. The SCRRA's board consists of one member from the Ventura County Transportation Commission; two each from the Orange County Transportation Authority (OCTA), the San Bernardino Associated Governments, and the Commission; and four members from the Los Angeles County Metropolitan Transportation Authority. The SCRRA is responsible for implementing and operating a regional commuter rail system (Metrolink) in five southern California counties. As a member of SCRRA, the Commission makes capital and operating contributions for its pro rata share of rail lines servicing the County. The Commission expended $18,659,704 and $2,183,234 during 2019 for its share of Metrolink operating and capital costs, respectively. As of June 30, 2019, cumulative capital contributions were $53,364,720. Other funds for rail service are contributed to the SCRRA by the State from state rail bonds on behalf of the Commission. Separate financial statements are prepared by and available from the SCRRA, which is located at One Gateway Plaza, 12th Floor, Los Angeles, California 90012. In May 2013 the Commission became a full voting member of the Los Angeles —San Diego —San Luis Obispo (LOSSAN) Rail Corridor Agency with the intent to have greater involvement in regional rail issues because of its legal ownership rights regarding passenger rail service between Fullerton and Los Angeles. The LOSSAN Rail Corridor Agency is a locally governed joint powers authority comprised of 13 agencies created to oversee the intercity passenger rail service in the travel corridor between San Diego and San Luis Obispo County. The Commission's share of administration costs is subject to future negotiations; however, during 2019 the Commission contributed $0 for administration efforts. RCTC 91 Express Lanes cooperative agreements: The RCTC 91 Express Lanes are jointly operated with the existing OCTA 91 Express Lanes and collectively referred to as the 91 Express Lanes. Under the Orange -Riverside Cooperative Agreement, which was entered into in December 2011, the Commission and OCTA agreed on the use of the same initial toll operator, cost and revenue sharing, toll policies, business rules, interoperability of technology, and marketing activities as well as OCTA review of design plans and construction activities for the 91 Project. In May 2013 the Commission entered into a three -party agreement with OCTA and the third -party toll operator, for the operations of the 91 Express Lanes. This ensures a streamlined and consistent intercounty travel for motorists on the OCTA 91 Express Lanes in Orange County and RCTC 91 Express Lanes in Riverside County. The third -party toll operator provides operating services in the annual amount of $6,942,600 plus inflation for three initial years with two one-year extension options, subject to Board of Commissioners approval. The third -party toll operator is responsible for the day-to-day operations of the toll facility; another contractor is responsible for maintaining the roadside toll collection system under a separate agreement with the Commission. The three -party agreement expires on December 31, 2021, as amended in September 2019. Note 11. Employees' Pension Plans General Information about the CaIPERS Pension Plan: The Commission contracts with CaIPERS to provide its employees retirement as well as death and retirement disability benefits, which are paid by the CaIPERS under a cost sharing multiple -employer plan. CaIPERS issues publicly available reports that include a full description of the pension plan regarding benefit provisions, assumptions and membership information that can be obtained from its executive office located at 400 P Street, Sacramento, California 95814, or by visiting the CaIPERS website at www.calpers.ca.gov. All permanent Commission employees are eligible to participate in the Miscellaneous Employee Pension Plan, cost -sharing multiple employer defined benefit pension plan administered by CaIPERS. Benefit provisions under the Plan are established by State statute and Commission resolution. 66 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 11. Employees' Pension Plans, Continued Benefits Provided - CaIPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits to plan members, who must be public employees and beneficiaries. Benefits are based on years of credited service, equal to one year of full time employment. Employees hired prior to January 1, 2013 and attaining the age of 55 with five years of credited California service (service) are eligible for normal retirement and are entitled to a monthly benefit of 2.7% of their final compensation for each year of service. Final compensation is defined as the highest annual salary earned. Retirement may begin at age 50 with a reduced benefit rate. The plan also credits employees for unused sick leave. Employees hired on or after January 1, 2013 who are not "classic" members and attaining the age of 62 with five years of credited service are eligible for normal retirement and are entitled to a monthly benefit of 2% of their three-year final compensation for each year of service. Retirement may begin at age 52 with a reduced benefit rate. Upon separation from the plan prior to retirement, members' accumulated contributions are refundable with interest credited through the date of separation. All members are eligible for non -duty disability benefits after 10 years of service. The pre -retirement death benefit is one of the following: the 1957 Survivor Benefit - level 3 or the Optional Settlement 2W Death Benefit. The post -retirement death benefit is one of the following: lump sum or survivor allowance. The cost of living adjustments for each plan are applied as specified by the Public Employees' Retirement Law. The Plan provisions and benefits in effect at June 30, 2019, are summarized as follows: Hire date Miscellaneous Prior to January 1, 2013 On or after January 1, 2013 Benefit formula Benefit vesting schedule Benefit payments Retirement age Monthly benefits, as a %of eligible compensation Required employee contribution rates Required Commission contribution rates 2.7% @ 55 5 years of service Monthly for life 50-55 2.0%to 2.7% 8% 14.719% 2%@ 62 5 years of service Monthly for life 52 - 62 1.0%to 2.0% 7.25% 7.654% Contributions - Section 20814(c) of the California Public Employees' Retirement Law requires that the employer contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in rate. Funding contributions for the Plan are determined annually on an actuarial basis as of June 30 by CaIPERS. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The Commission is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. For the year ended June 30, 2019, the contributions recognized as part of pension expense for the Plan were as follows: Miscellaneous Contributions - Commission Contributions - Employee $ 1,443,593 455,831 67 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 11. Employees' Pension Plans, Continued Pension Liabilities, Pension Expenses, and Deferred Outflows/Inflows of Resources Related to Pensions: As of June 30, 2019, the Commission reported a net pension liability for its proportionate shares of the net pension liability of the Plan as follows: Proportionate Share of Net Pension Liability Miscellaneous $ 8,340,905 The Commission's net pension liability for the Plan is measured as the proportionate share of the net pension liability. The net pension liability of the Plan is measured as of June 30, 2018, and the total pension liability for the Plan used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2017 rolled forward to June 30, 2018 using standard update procedures. The Commission's proportion of the net pension liability was based on a projection of the Commission's long-term share of contributions to the pension plan relative to the projected contributions of all participating employers, actuarially determined. The Commission's proportionate share of the net pension liability for the Plan as of June 30, 2017 and 2018 is as follows: Miscellaneous Proportion -June 30, 2017 Proportion -June 30, 2018 Change - Increase (Decrease) 0.08794% 0.08656% (0.00138%) For the year ended June 30, 2019, the Commission recognized pension expense of $2,074,954. At June 30, 2019, the Commission reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Outflows of Deferred Inflows Resources Resources Pension contributions subsequent to measurement date Differences between actual and expected experiences Changes in assumptions Differences between contributions and the proportionate share of contributions Changes in Commission's proportion Net differences between projected and actual earnings on plan investments Total $ 1,443,593 320,026 950,888 435,311 339,778 41,235 $ 108,903 233,044 148,154 $ 3,530,831 $ 490,101 The $1,443,593 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the subsequent fiscal years. Other amounts reported as deferred outflows of resources and deferred (inflows) of resources related to pensions will be recognized as pension expense as follows: Year Ending June 30 2020 2021 2022 2023 1,168,345 725,759 (221,946) (75,021) $ 1,597,137 68 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 11. Employees' Pension Plans, Continued Actuarial Methods and Assumptions - The total pension liability in the June 30, 2017 actuarial valuation was determined using the following actuarial assumptions: Miscellaneous Valuation Date Measurement Date Actuarial Cost Method Actuarial Assumptions: Discount Rate Inflation Projected Salary Increase Investment Rate of Return Mortality June 30, 2017 June 30, 2018 Entry -Age Normal Cost Method 7.15% 2.50% Varies by entry age and service 7.15% net of pension plan investment and administrative expenses, includes inflation Derived using CaIPERS' membership data for all funds The underlying mortality assumptions and all other actuarial assumptions used in the June 30, 2017 valuation were based on the results of a December 2017 actuarial experience study report (based on demographic data for the period 1997 to 2015). Further details of the experience study can be found on the CaIPERS website. Discount Rate - The discount rate used to measure the total pension liability was 7.15% for the Plan. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member contribution rates and that contributions from employers will be made at statutorily required rates, actuarially determined. Based on those assumptions, the Plan's fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total pension liability. Long Term Expected Rate of Return - The long-term expected rate of return on pension plan investments was determined using a building-block method in which best -estimate ranges of expected future real rates of return (expected returns, net pension plan investment expense and inflation) are developed for each major asset class. The long-term expected rate of return was 7.15% for the Plan. In determining the long-term expected rate of return, CaIPERS took into account both short-term and long-term market return expectations as well as the expected pension fund cash flows. Using historical returns of all the funds' asset classes, expected compound returns were calculated over the short-term (first 10 years) and the long-term (10 years +) using a building-block approach. Using the expected nominal returns for both short-term and long-term, the present value of benefits was calculated for each fund. The expected rate of return was set by calculating the rounded single equivalent expected return that arrived at the same present value of benefits for cash flows as the one calculated using both short-term and long- term returns. The expected rate of return was then set equal to the single equivalent rate calculated above and adjusted to account for assumed administrative expenses. 69 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 11. Employees' Pension Plans, Continued The table below reflects the real rates of return by asset class. Asset Class (a) Current Target Allocation Real Return Years 1 -10 (b) Real Return Years 11+ (c) Global Equity Fixed Income Inflation Assets Private Equity Real Estate Liquidity Total 50.0% 28.0% 8.0% 13.0% 1.0% 100% 4.80% 1.00% 0.77% 6.30% 3.75% 5.98% 2.62% 1.81 % 7.23% 4.93% (0.92%) (a) Fixed income is included in Global Debt Securities; Inflation Assets are included in both Global Equity Securities and Global Debt Securities; and Liquidity is included in short-term investments. (b) An expected inflation rate of 2.0% used for this period. (c) An expected inflation rate of 2.92% used for this period. Sensitivity of the Collective Net Pension Liability to Changes in the Discount Rate -The following presents the Commission's collective net pension liability for the Plan, calculated using the discount rate for the Plan, as well as what the Commission's collective net pension liability would be if it were calculated using a discount rate that is 1 % below or 1 % higher than the current rate: Miscellaneous 1 % Decrease Net Pension Liability Current Discount Rate Net Pension Liability 1 % Increase Net Pension Liability 6.15% $13,066,049 7.15% $8,340,905 8.15% $4,440,375 Pension Plan Fiduciary Net Position - Detailed information about the pension plan's fiduciary net position is available in the separately issued CaIPERS financial reports. Payable tothe Pension Plan-AtJune 30, 2019,the Commission reported a payable of $0forthe outstanding amount of contributions to the pension plan required for the year ended June 30, 2019. 401(a) plan: The Commission offers its employees a 401(a) single -employer defined contribution plan referred to as the Money Purchase Plan & Trust (Plan), which covers all permanent full-time employees. Employees are fully vested in the Plan after five years. The Plan, which is administered by the International City/County Management Association (ICMA), requires the Commission to make a contribution of 7.5% of the employees' earnings for the Plan year. Fiduciary responsibility and reporting of the Plan assets rests with ICMA. The Commission has the authority to amend the contribution requirements. Total payroll for covered employees for the current year was $5,870,876.The Commission's contributions to the Plan were $437,821 for the year ended June 30, 2019. 70 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 12. Post -employment Benefits Other Than Pensions (OPEB) Plan description -The Commission's OPEB plan through the CERBT, is a single -employer defined benefit plan for eligible retirees and their dependents. CERBT issues a publicly available financial report that can be obtained from its executive office or its website. Benefits provided - The Commission provides post -employment health benefits for eligible retirees and their dependents at retirement. For employees hired on or after January 1, 2007, retirees must have a minimum of 10 years of PERS service and no less than five years of Commission service in order to receive post -employment health benefits in accordance with PERS as per Government Code Section 22893. For employees hired prior to January 1, 2007, retirees are not required to meet the eligibility criteria and may receive post -employment health benefits at the monthly health benefit rate paid for active employees, which is currently at $600. The Commission's contributions toward premiums for retiree health insurance are coordinated with Medicare and other benefits provided by federal and state law, when available, to the extent it reduces the cost of insurance premiums. Employees covered by benefit terms at June 30, 2019 are as follows: Inactive employees or beneficiaries currently receiving benefit payments 18 Inactive employees entitled to but not yet receiving benefit payments 0 Active employees 43 Total 61 Contributions - The contribution requirements of plan members are established and may be amended by the Commission. The Commission has adopted a policy to fund 100% of the actuarially determined amount. For the year ended June 30, 2019, the Commission's average contribution rate was 15.2% of covered -employee payroll. Employees are not required to contribute to the plan. Net OPEB Liability - The Commission's net OPEB liability was measured as of June 30, 2018, and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation as of that date. Actuarial assumptions - The total OPEB liability in the June 30, 2018 actuarial valuation was determined using the following assumptions, applied to all periods included in the measurement, unless otherwise specified: Actuarial Assumptions June 30, 2018 Measurement Date Inflation Salary increases Investment rate of return Healthcare cost trend rates 2.75%per annum 3.00% aggregate 6.00% Non -Medicare: 7.5% for 2019, decreasing to an ultimate rate of 4.0% in 2076 and later years Medicare: 6.5%for 2019, decreasing to an ultimate rate of 4.0% in 2076 and later years Mortality rates are based on projected fully generational with Scale MP-16. The actuarial assumptions used in the June 30, 2018 actuarial valuation were based on the results of an actuarial experience study for the period July 1, 2017 to June 30, 2018. 71 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 12. Postemployment Benefits Other Than Pensions (OPEB), Continued The long-term expected rate of return on OPEB plan investments was determined using a building-block method in which best -estimate ranges of expected future real rates of return (expected returns, net of OPEB plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce long-term expected rate of return by weighing the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the following table: Asset Class Target Allocation Strategy 2 Expected Real Rate of Return Global equity Fixed income TIPS Commodities REITs Assumed long-term rate of inflation Expected long-term net rate of return 40% 39% 10% 3% 8% 4.82% 1.47% 1.29% 0.84% 3.76% 2.75% 6.00% Discount rate - The discount rate to measure the total OPEB liability was 6.00%. The projection of cash flows used to determine the discount rate assumed that contributions from the Commission will be made at contractually required rates, actuarially determined. Based on this assumption, the OPEB plan's fiduciary net position was projected to be available to make projected OPEB payments for current and inactive employees. Therefore, the long-term expected rate of return on OPEB plan investments was applied to all periods of projected benefit payments to determine the total OPEB liability. Changes in the Net OPEB Liability - The changes in the net OPEB liability (asset) from the measurement date of June 30, 2017 to June 30, 2018 are as follows: Increase Decrease Total OPEB Liability Plan Fiduciary Net Position Net OPEB Liability (Asset) Balances atJune 30, 2017 (measurement date) Changes for the year: Service cost Interest Changes in benefit terms Contributions- employer Net investment income Benefit payments Administrative expense Net changes Balances atJune 30, 2018 (measurement date) $ 6,565,000 463,000 416,000 74,000 $ 6,323,000 725,000 522,000 (192,000) (192,000) (12,000) 12,000 242,000 463,000 416,000 74,000 (725,000) (522,000) 761,000 1,043,000 (282,000) $ 7,326,000 $ 7,366,000 $ (40,000) 72 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 12. Postemployment Benefits Other Than Pensions (OPEB), Continued Sensitivity of the net OPEB liability to changes in the discount rate - The following table presents the Commission's net OPEB liability (asset), as well as what the Commission's net OPEB liability would be if it were calculated using a discount rate that is 1 % below or 1 % higher than the current discount rate: Changes in the Discount Rate 1 % Decrease Net OPEB Liability Current Discount Rate Net OPEB Liability 1 % Increase Net OPEB Asset 5.00% $1,064,000 6.00% ($40,000) 7.00% ($936,000) Sensitivity of the net OPEB liability to changes in the healthcare cost trend rates - The following table presents the net OPEB liability (asset) as well as whatthe Commission's net OPEB liability would be if it were calculated using healthcare cost trend rates that are 1 % below or 1 % higher than the current healthcare cost trend rates: Changes in the Healthcare Cost Trend Rate 1 % Decrease Net OPEB Asset Current Healthcare Trend Rate Net OPEB Liability 1 % Increase Net OPEB Liability 1 % Decrease ($1,076,000) Current Trend ($40,000) 1 % Increase $1,251,000 OPEB plan fiduciary net position - Detailed information about the OPEB plan's fiduciary net position is available in the separately issued CERBT financial reports at https://www.calpers.ca.gov/page/employers/ benefit-programs/cerbt. OPEB expense and deferred outflows of resources and deferred inflows of resources related to OPEB - For the year ended June 30, 2019, the Commission recognized OPEB expense of $529,400. At June 30, 2019 the Commission reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources. Deferred Outflows of Resources Deferred Inflows of Resources Contributions subsequent to measurement date Net differences between projected and actual earnings on plan investments Total 778,000 $ 778,000 176,000 $ 176,000 73 Riverside County Transportation Commission Notes to Basic Financial Statements June 30, 2019 Note 12. Postemployment Benefits Other Than Pensions (OPEB), Continued The $778,000 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net OPEB liability in the subsequent fiscal years. Amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows: Year Ending June 30 2020 2021 2022 2023 (37,000) (39,000) (77,000) (23,000) $ (176,000) Payable to the OPEB Plan -At June 30, 2019 the Commission reported a payable of $0 for the outstanding amount of contributions to CERBT required for the year ended June 30, 2019. Note 13. Measure A Conformance Requirements Measure A requires that the sales taxes collected may only be used for transportation purposes including administration and the construction, capital acquisition, maintenance, and operation of streets, roads, highways including state highways, and public transit systems and for related purposes. These purposes include expenditures for planning, environmental reviews, engineering and design costs, and related right of way acquisition. Note 14. Pronouncements Issued, Not Yet Effective The GASB pronouncements issued prior to June 30, 2019 that have an effective date that may impact future financial presentations include: • GASB Statement No. 87, Leases, effective for fiscal years beginning after December 15, 2019; • GASB Statement No. 89, Accounting for Interest Cost Incurred Before the End of a Construction Period, effective for fiscal years beginning after December 15, 2019; • GASB Statement No. 90, Majority Equity Interests -An Amendment of GASB Statement No. 14 and No. 61, effective for fiscal years beginning after December 15, 2018; and • GASB Statement No. 91, Conduit Debt Obligations, effective for fiscal years beginning after December 15, 2020. 74 RIVERSIDE COUNTY TRANSPORTATION COMMISSION SR-60 Truck Lanes Project 4 • %J � IPM.r+_ 5• �. ^4 nh , . li 1.— -#- • ...Pr.. •I�r K �V1.7 ' ,T {.•Ir. t11-5; i' Required Supplementary Information RIVERSIDE COUNTY TRANSPORTATION COMMISSION Riverside County Transportation Commission Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual - General Fund Year Ended June 30, 2019 General Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) Revenues Intergovernmental $ 7,959,700 $ 7,959,700 $ 8,184,187 $ 224,487 Investment income 98,600 98,600 642,815 544,215 Other 313,100 313,100 174,530 (138,570) Total revenues 8,371,400 8,371,400 9,001,532 630,132 Expenditures Current: General government 7,921,200 8,219,700 498,165 7,721,535 Commuter rail 31,435,100 31,457,400 25,728,469 5,728,931 Planning and programming 7,628,800 7,714,700 2,936,254 4,778,446 Transit and specialized transportation 645,600 644,600 408,757 235,843 Total programs 47,630,700 48,036,400 29,571,645 18,464,755 Debt service: Principal 12,500 12,461 39 Interest 5,100 5,031 69 Total debt service 17,600 17,492 108 Capital outlay 1,136,200 1,126,200 667,120 459,080 Total expenditures 48,766,900 49,180,200 30,256,257 18,923,943 Excess (deficiency) of revenues over (under) expenditures (40,395,500) (40,808,800) (21,254,725) 19,554,075 Other financing sources (uses) Capital lease - 55,000 55,000 Transfers in 35,342,300 35,657,300 24,283,500 (11,373,800) Transfers out (1,265,600) (1,265,600) 1,265,600 Total other financing sources (uses) 34,076,700 34,391,700 24,338,500 (10,053,200) Net change in fund balances Fund balances at beginning of year Fund balances at end of year See notes to required supplementary information $ (6,318,800) $ (6,417,100) 3,083,775 $ 9,500,875 26,040,494 $ 29,124,269 77 Riverside County Transportation Commission Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual - Major Special Revenue Funds Year Ended June 30, 2019 Measure A Western County Measure A Coachella Valley Variance with Variance with Final Budget Final Budget Original Final Positive Original Final Positive Budget Budget Actual (Negative) Budget Budget Actual (Negative) Revenues Sales taxes $ 145,158,000 $ 149,038,000 $ 156,934,682 $ 7,896,682 $ 40,849,000 $ 41,942,000 $ 43,238,756 $ 1,296,756 Transportation Uniform Mitigation Fee Intergovernmental 90,552,300 91,352,113 61,692,336 (29,659,777) Investment income 753,500 753,500 5,812,430 5,058,930 198,300 198,300 1,656,971 1,458,671 Other 1,297,900 1,297,900 6,169,581 4,871,681 Total revenues 237,761,700 242,441,513 230,609,029 (11,832,484) 41,047,300 42,140,300 44,895,727 2,755,427 Expenditures Current: General government 1,068,200 1,094,800 534,238 560,562 Bicycle and pedestrian facilities CETAP Commuter assistance 4,501,300 4,501,300 3,603,353 897,947 Commuter rail 31,345,200 31,010,700 13,218,370 17,792,330 Highways 277,275,100 271,663,346 128,995,061 142,668,285 30,052,800 29,885,800 19,392,762 10,493,038 Local streets and roads 41,824,300 45,305,300 45,305,238 62 14,215,300 15,134,300 15,133,565 735 Planning and programming Regional arterials 4,682,600 14,882,600 12,533,037 2,349,563 Transit and specialized transportation 7,647,700 7,097,200 6,927,390 169,810 5,501,800 6,178,800 6,178,100 700 Total programs 368,344,400 375,555,246 211,116,687 164,438,559 49,769,900 51,198,900 40,704,427 10,494,473 Capital outlay 3,550,000 7,061,767 4,995,989 2,065,778 Total expenditures 371,894,400 382,617,013 216,112,676 166,504,337 49,769,900 51,198,900 40,704,427 10,494,473 Excess (deficiency) of revenues over (under) expenditures (134,132,700) (140,175,500) 14,496,353 154,671,853 (8,722,600) (9,058,600) 4,191,300 13,249,900 Other financing sources (uses) Debt issuance 106,081,000 106,081,000 14,946,136 (91,134,864) Transfers in 69,284,700 67,919,800 17,176,236 (50,743,564) 151,100 151,098 (2) Transfers out (91,744,900) (91,071,800) (69,690,425) 21,381,375 (245,800) (245,800) 245,800 Total other financing sources (uses) 83,620,800 82,929,000 (37,568,053) (120,497,053) (245,800) (94,700) 151,098 245,798 Net change in fund balances Fund balances at beginning of year Fund balances at end of year See notes to required supplementary information $ (50,511,900) $ (57,246,500) (23,071,700) $ 34,174,800 $ (8,968,400) $ (9,153,300) 4,342,398 $ 13,495,698 276,997,302 52,068,076 $ 253,925,602 $ 56,410,474 78 Riverside County Transportation Commission Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual - Major Special Revenue Funds, Continued Year Ended June 30, 2019 Transportation Uniform Mitigation Fee Local Transportation Fund Variance with Variance with Final Budget Final Budget Original Final Positive Original Final Positive Budget Budget Actual (Negative) Budget Budget Actual (Negative) Revenues Sales taxes $ - $ - $ - $ $ 94,000,000 $ 96,000,000 $ 103,819,440 $ 7,819,440 Transportation Uniform Mitigation Fee 22,922,200 25,922,200 29,968,449 4,046,249 Intergovernmental 237,500 237,500 4,999,813 4,762,313 Investment income 414,400 414,400 3,026,080 2,611,680 375,600 375,600 2,118,450 1,742,850 Other 38,099 38,099 Total revenues 23,574,100 26,574,100 38,032,441 11,458,341 94,375,600 96,375,600 105,937,890 9,562,290 Expenditures Current: General government 12,000 12,000 12,000 Bicycle and pedestrian facilities 8,286,000 8,286,000 2,319,895 5,966,105 CETAP 8,355,100 8,355,100 1,394,120 6,960,980 Commuter assistance Commuter rail Highways Local streets and roads Planning and programming 705,000 784,000 784,000 Regional arterials 20,519,000 20,449,600 4,509,338 15,940,262 Transit and specialized transportation 84,900,000 111,906,924 97,432,996 14,473,928 Total programs 28,874,100 28,804,700 5,903,458 22,901,242 93,903,000 120,988,924 100,548,891 20,440,033 Capital outlay Total expenditures 28,874,100 28,804,700 5,903,458 22,901,242 93,903,000 120,988,924 100,548,891 20,440,033 Excess (deficiency) of revenues over (under) expenditures (5,300,000) (2,230,600) 32,128,983 34,359,583 472,600 (24,613,324) 5,388,999 30,002,323 Other financing sources (uses) Debt issuance Transfers in 300,000 300,000 186,207 (113,793) Transfers out (1,562,000) (1,562,000) (1,071,845) 490,155 (27,251,600) (26,821,400) (24,283,500) 2,537,900 Total other financing sources (uses) (1,262,000) (1,262,000) (885,638) 376,362 (27,251,600) (26,821,400) (24,283,500) 2,537,900 Net change in fund balances Fund balances at beginning of year Fund balances at end of year See notes to required supplementary information (6,562,000) $ (3,492,600) 31,243,345 $ 34,735,945 $ (26,779,000) $ (51,434,724) (18,894,501) $ 32,540,223 78,409,987 $ 109,653,332 110,435,854 $ 91,541,353 79 Riverside County Transportation Commission Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual - Major Special Revenue Funds, Continued Year Ended June 30, 2019 State Transit Assistance SB 132 Original Final Budget Budget Actual Variance with Variance with Final Budget Final Budget Positive Original Final Positive (Negative) Budget Budget Actual (Negative) Revenues Sales taxes $ 19,506,600 $ 19,506,600 $ 23,497,584 $ 3,990,984 $ - $ - $ - $ Transportation Uniform Mitigation Fee Intergovernmental 118,418,400 118,418,400 53,666,786 (64,751,614) Investment income 271,200 271,200 2,866,174 2,594,974 (7,805) (7,805) Other Total revenues 19,777,800 19,777,800 26,363,758 6,585,958 118,418,400 118,418,400 53,658,981 (64,759,419) Expenditures Current: General government Bicycle and pedestrian facilities CETAP Commuter assistance Commuter rail Highways 117,923,100 118,002,300 55,274,567 62,727,733 Local streets and roads Planning and programming Regional arterials Transit and specialized transportation 48,818,000 48,639,761 6,687,688 41,952,073 Total programs 48,818,000 48,639,761 6,687,688 41,952,073 117,923,100 118,002,300 55,274,567 62,727,733 Capital outlay Total expenditures 48,818,000 48,639,761 6,687,688 41,952,073 117,923,100 118,002,300 55,274,567 62,727,733 Excess (deficiency) of revenues over (under) expenditures (29,040,200) (28,861,961) 19,676,070 48,538,031 495,300 416,100 (1,615,586) (2,031,686) Other financing sources (uses) Debt issuance Transfers in 1,213,800 611,984 (601,816) Transfers out (431,700) (500,700) (350,000) 150,700 (495,300) (1,020,300) 1,020,300 Total other financing sources (uses) (431,700) (500,700) (350,000) 150,700 (495,300) 193,500 611,984 418,484 Net change in fund balances Fund balances at beginning of year Fund balances at end of year See notes to required supplementary information $ (29,471,900) $ (29,362,661) 19,326,070 $ 48,688,731 $ - $ 609,600 (1,003,602) $ (1,613,202 88,143,341 (268,754) $ 107,469,411 $ (1,272,356) 80 Riverside County Transportation Commission Schedule of Proportionate Share of Net Pension Liability Last Ten Fiscal Years' June 30, 2019 Fiscal Year 2019 2018 2017 2016 20151 Measurement Date 2018 2017 2016 2015 2014 Proportion of the net pension liability/(asset) Proportionate share of the net pension liability/(asset) Covered payroll (measurement year) Proportionate share of the net pension liability/(asset) as percentage of covered payroll Plan fiduciary net position as a percentage of the total pension liability See notes to required supplementary information 0.08656% 0.08794% 0.08829% 0.09176% 0.08559% $ 8,340,905 $ 8,721,456 $ 7,639,639 $ 6,298,052 $ 5,325,565 $ 5,653,205 $ 5,536,781 $ 5,287,151 $ 4,792,270 $ 4,316,567 147.54% 157.52% 144.49% 131.42% 123.38% 75.26% 73.31% 74.06% 78.40% 78.21% Fiscal year 2015 was the first year of implementation, therefore, only five years are shown. Represents most recent data available. 81 Contractually required contribution (actuarially determined) Contributions in relation to the actuarially determined contributions Contribution deficiency (excess) Covered payroll Contributions as a percentage of covered payroll Valuation date Actuarial cost method Amortizations method Remaining amortization period Asset valuation method Inflation Projected salary increases Discount rate Retirement age Mortality See notes to required supplementary information Riverside County Transportation Commission Schedule of Pension Contributions Last Ten Fiscal Years' June 30, 2019 Fiscal Year 2019 2018 2017 2016 2015 $ 1,507,484 $ 1,321,564 $ 1,222,802 $ 1,101,641 $ 1,044,018 (1,443,593) (1,308,877) (1,238,891) (1,132,393) (1,125,317) $ 63,891 $ 12,687 $ (16,089) $ (30,752) $ (81,299) $ 5,870,876 $ 5,653,205 $ 5,536,781 $ 5,287,151 $ 4,792,270 24.59% 23.15% 22.38% 21.42% 23.48% 6/30/2016 6/30/2015 6/30/2014 6/30/2013 6/30/2012 Entry age normal cost method Level of percentage of payroll 19 years as of valuation date 15 year smoothed market 2.50% 3.30% to 14.20% depending on age, service, and type of employment 7.15% (net of administrative expenses) 55 years RP-2000 Healthy Annuitant Mortality Table Fiscal year 2015 was the first year of implementation, therefore, only five years are shown. Represents most recent data available. 82 Riverside County Transportation Commission Schedule of Changes in the Net OPEB Liability (Asset) and Related Ratios Last Ten Fiscal Years' June 30, 2019 Fiscal Year 2019 2018 2017' Measurement date 2018 2017 2016 Total OPEB liability (asset) Service cost $ 463,000 $ 449,000 $ 437,000 Interest 416,000 377,000 338,000 Changes of benefit terms 74,000 - Benefit payments (192,000) (172,000) (155,000) Net change in total OPEB liability (asset) 761,000 654,000 620,000 Beginning total OPEB liability (asset) 6,565,000 5,911,000 5,291,000 Ending total OPEB liability (asset) $ 7,326,000 $ 6,565,000 $ 5,911,000 Plan fiduciary net position Employer contributions $ 725,000 $ 666,000 $ 634,000 Net invesment income 522,000 597,000 86,000 Benefit payments (192,000) (172,000) (155,000) Administrative expense (12,000) (3,000) (2,000) Net change in plan fiduciary net position 1,043,000 1,088,000 563,000 Beginning fiduciary net position 6,323,000 5,235,000 4,672,000 Ending fiduciary net position $ 7,366,000 $ 6,323,000 $ 5,235,000 Ending net OPEB liability (asset) $ (40,000) $ 242,000 $ 676,000 Plan fiduciary net position as a percentage of the total OPEB liability (asset) 100.55% 96.31 % 88.56% Covered payroll (measurement year) $ 5,653,205 $ 5,536,781 $ 5,287,151 Net OPEB liability (asset) as a percentage of covered payroll -0.71% 4.37% 12.79% See notes to required supplementary information ' Fiscal year 2017 was the first year of implementation, therefore, only three years are shown. Represents most recent data available. 83 Riverside County Transportation Commission Schedule of OPEB Contributions Last Ten Fiscal Years' June 30, 2019 Actuarially determined contribution Contributions in relation to the actuarially determined contribution Contribution deficiency (excess) Fiscal Year 2019 2018 2017' $ 549,000 $ 533,000 $ 494,000 778,000 725,000 666,000 $ (229,000) $ (192,000) $ (172,000) Covered payroll $ 5,870,876 $ 5,653,205 $ 5,536,781 Contributions as a percentage of covered -employee payroll Valuation date: 13.25% 12.82% 12.03% Actuarially determined contribution rates are calculated as of June 30, three years prior to the end of the fiscal year in which contributions are reported. Methods and assumptions used to determine contribution rates: Actuarial cost method Entry age normal - level percentage of payroll Amortization method Level percentage of payroll Amortization period Eight years Asset valuation method period Inflation 2.75% Healthcare cost trend rates Non -Medicare: 7.5% for 2019, decreasing to an ultimate rate of 4.0% in 2076 and later years Medicare: 6.5% for 2019, decreasing to an ultimate rate of 4.0% in 2076 and later years Salary increases 3.00% aggregate Investment rate of return 6.00% Retirement age Classic employees: 50 - 55 Public Employees' Pension Reform Act: 52 - 62 Mortality Mortality projected fully generational with Scale MP-16 See notes to required supplementary information ' Fiscal year 2017 was the first year of implementation, therefore, only three years are shown. Represents most recent data available. 84 Riverside County Transportation Commission Notes to Required Supplementary Information June 30, 2019 Budgetary Data In February of each year, department heads begin the process of compiling budget data for the upcoming fiscal year. Budget numbers along with supporting documentation are provided to the Chief Financial Officer by March 15. That budget data is compiled and presented to the Executive Director for review and approval and is submitted to the Budget and Implementation Committee at its April meeting. After review by the Budget and Implementation Committee, the proposed budget is scheduled for preliminary review and comment as well as public hearing atthe Commission's May meeting. The final budget forthe new fiscal year is then adopted by motion of the Board of Commissioners (Board) no later than June 15 of the current year.This appropriated budget covers substantially all Commission expenditures by financial responsibility unit [e.g., General fund and Measure A (for each of the three county areas), Local Transportation Fund, and Transportation Uniform Mitigation Fee special revenue funds] by fund. All appropriated amounts are as originally adopted or as amended by the Commission. Unexpended appropriations lapse at year-end. All budgets are adopted on a basis consistent with generally accepted accounting principles. As adopted by the Board, expenditure activities of the funds with adopted budgets are controlled at the budgetary unit, which is the financial responsibility level, for each function (i.e., administration, programs, intergovernmental distributions, and capital outlay). These functions provide the legal level of budgetary control (i.e., the level at which expenditures cannot legally exceed the appropriated amount). Management has the discretion to transfer the budgeted amounts within the financial responsibility unit according to function. Supplemental budget appropriations were necessary during the year. Pension Plan Schedule of Proportionate Share of Net Pension Liability - The schedule provides the proportion (percentage) of the collective net pension liability, proportionate share (amount) of the collective net pension liability, the Commission's covered payroll, proportionate share (amount) of the collective net pension liability as a percentage of Commission's covered payroll, and the pension plan's fiduciary net position as a percentage of the total pension liability. Schedule of Pension Contributions -The schedule provides the Commission's actuarially determined contributions to the pension plan, the Commission's actual contributions, the difference between the actual and actuarially determined contributions, and a ratio of the actual contributions divided by covered payroll. Postemployment Benefits Other Than Pensions Schedule of Changes in the Net OPEB Liability (Asset) and Related Ratios -The schedule provides the schedule of changes in the net OPEB liability (asset), the plan fiduciary net position as a percentage of the total OPEB liability (asset), the Commission's covered payroll, and the net OPEB liability (asset) as a percentage of coveredpayroll. Schedule of OPEB Contributions - The schedule provides the Commission's actuarially determined contributions to the OPEB plan, the Commission's actual contributions, the difference between the actual and actuarially determined contributions, and a ratio of the actual contributions divided by covered payroll. 85 RIVERSIDE COUNTY TRANSPORTATION COMMISSION I RIVERSIDE COUNTY TRANSPORTATION COMMISSION AIRIN:›A Other Supplementary Information RIVERSIDE COUNTY TRANSPORTATION COMMISSION Riverside County Transportation Commission Nonmajor Governmental Funds Description Special Revenue Funds Measure A Palo Verde Valley: This fund is used to account for the revenues from sales taxes which are restricted to expenditures for Palo Verde Valley programs and activities. Freeway Service Patrol: This fund is used to record the revenues received from state funds for the purpose of implementing a freeway service patrol for motorists. Service Authority for Freeway Emergencies: This fund is used to record the revenues received from Department of Motor Vehicle user registration fees for the purpose of implementing an emergency call box system for motorists. State of Good Repair: This fund is used to account for revenues from sales taxes on gasoline and vehicle fee revenues restricted for transit projects. Coachella Valley Rail: This fund is used to account for revenues from state funds for the planning and development of the new Coachella Valley/San Gorgonio Pass corridor rail service. Other Agency Projects: This fund is used to account for revenues from the Riverside County Regional Park and Open Space District for the interagency cooperative planning and development of projects in the County. 89 Assets Riverside County Transportation Commission Combining Balance Sheet - Nonmajor Governmental Funds June 30, 2019 Special Revenue Service Measure A Freeway Authority State of Palo Verde Service for Freeway Good Valley Patrol Emergencies Repair Cash and investments $ 561 $ 1,094,412 $ 6,415,326 $ 6,812,002 Receivables: Accounts 169,464 3,166,863 457,241 617,249 Interest 1 8,975 36,308 37,347 Total assets $ 170,026 $ 4,270,250 $ 6,908,875 $ 7,466,598 Liabilities and fund balances Liabilities: Accounts payable $ 108,396 $ 510,683 $ 63,685 $ 28,158 Due to other funds 61,068 83,744 19,502 757,884 Other liabilities - Total liabilities 169,464 594,427 83,187 786,042 Fund balances: Restricted for: Commuter rail Local streets and roads 562 Motorist assistance 3,675,823 6,825,688 Planning and programming Transit and specialized transportation 6,680,556 Total fund balances 562 3,675,823 6,825,688 6,680,556 Total liabilities and fund balances $ 170,026 $ 4,270,250 $ 6,908,875 $ 7,466,598 90 Riverside County Transportation Commission Combining Balance Sheet - Nonmajor Governmental Funds, Continued June 30, 2019 Special Revenue Total Coachella Nonmajor Valley Other Governmental Rail Agency Projects Funds Assets Cash and investments $ 2,973,064 $ 332,698 $ 17,628,063 Receivables: Accounts 390,017 600,000 5,400,834 Interest 18,392 2,030 103,053 Total assets $ 3,381,473 $ 934,728 $ 23,131,950 Liabilities and fund balances Liabilities: Accounts payable $ 275,823 $ 217,132 $ 1,203,877 Due to other funds 33,921 5,944 962,063 Other liabilities 694,635 694,635 Total liabilities 309,744 917,711 2,860,575 Fund balances: Restricted for: Commuter rail 3,071,729 3,071,729 Local streets and roads 562 Motorist assistance 10,501,511 Planning and programming 17,017 17,017 Transit and specialized transportation 6,680,556 Total fund balances 3,071,729 17,017 20,271,375 Total liabilities and fund balances $ 3,381,473 $ 934,728 $ 23,131,950 91 Riverside County Transportation Commission Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds Year Ended June 30, 2019 Special Revenue Service Measure A Freeway Authority State of Palo Verde Service for Freeway Good Valley Patrol Emergencies Repair Revenues Sales taxes $ 1,031,557 $ - $ $ 3,704,206 Intergovernmental 3,173,296 2,213,841 Investment income (loss) 4 51,623 186,656 142,202 Other 34,895 1,085 Total revenues 1,031,561 3,259,814 2,401,582 3,846,408 Expenditures Current: Commuter rail Local streets and roads 1,031,556 Motorist assistance 3,924,046 474,796 Planning and programming Transit and specialized transportation 113,160 Total expenditures 1,031,556 3,924,046 474,796 113,160 Excess (deficiency) of revenues over (under) expenditures 5 (664,232) 1,926,786 3,733,248 Other financing sources (uses): Transfers in 3,600,000 Transfers out (3,600,000) (752,084) Total other financing sources (uses) 3,600,000 (3,600,000) (752,084) Net change in fund balances 5 2,935,768 (1,673,214) 2,981,164 Fund balances at beginning of year 557 740,055 8,498,902 3,699,392 Fund balances at end of year $ 562 $ 3,675,823 $ 6,825,688 $ 6,680,556 92 Riverside County Transportation Commission Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds, Continued Year Ended June 30, 2019 Special Revenue Coachella Other Valley Agency Rail Projects Total Total Nonmajor Governmental Funds Revenues Sales taxes $ Intergovernmental 1,224,943 Investment income (loss) 88,940 Other $ 4,735,763 $ 4,735,763 588,709 7,200,789 7,200,789 12,771 482,196 482,196 35,980 35,980 Total revenues 1,313,883 Expenditures Current: Commuter rail Local streets and roads Motorist assistance Planning and programming Transit and specialized transportation Total expenditures Excess (deficiency) of revenues over (under) expenditures 1,858,477 601,480 12,454,728 12,454,728 587,605 1,858,477 1,858,477 1,031,556 1,031,556 4,398,842 4,398,842 587,605 587,605 113,160 113,160 1,858,477 587,605 7,989,640 7,989,640 (544,594) 13,875 4,465,088 4,465,088 Other financing sources (uses): Transfers in 350,000 3,950,000 3,950,000 Transfers out (4,352,084) (4,352,084) Total other financing sources (uses) 350,000 (402,084) (402,084) Net change in fund balances (194,594) 13,875 4,063,004 4,063,004 Fund balances at beginning of year 3,266,323 3,142 16,208,371 16,208,371 Fund balances at end of year $ 3,071,729 $ 17,017 $ 20,271,375 $ 20,271,375 93 Riverside County Transportation Commission Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual—Nonmajor Special Revenue Funds Year Ended June 30, 2019 Measure A Palo Verde Valley Freeway Service Patrol Variance with Variance with Final Budget Final Budget Original Final Positive Original Final Positive Budget Budget Actual (Negative) Budget Budget Actual (Negative) Revenues Sales taxes $ 993,000 $ 1,020,000 $ 1,031,557 $ 11,557 $ - $ - $ - $ Intergovernmental 2,909,000 3,256,900 3,173,296 (83,604) Investment income (loss) 4 4 9,500 9,500 51,623 42,123 Other 225,300 225,300 34,895 (190,405) Total revenues 993,000 1,020,000 1,031,561 11,561 3,143,800 3,491,700 3,259,814 (231,886) Expenditures Current: Commuter rail Local streets and roads 911,900 1,031,600 1,031,556 44 Motorist assistance 5,411,700 5,327,400 3,924,046 1,403,354 Planning and programming Transit and specialized transportation Total expenditures 911,900 1,031,600 1,031,556 44 5,411,700 5,327,400 3,924,046 1,403,354 Excess (deficiency) of revenues over (under) expenditures 81,100 (11,600) 5 11,605 (2,267,900) (1,835,700) (664,232) 1,171,468 Other financing sources (uses) Transfers in Transfers out Total other financing sources (uses) (81,100) (81,100) (81,100) (81,100) - 3,600,000 3,600,000 3,600,000 81,100 (146,400) (188,400) - 188,400 81,100 3,453,600 3,411,600 3,600,000 188,400 Net change in fund balances $ - $ (92,700) 5 $ 92,705 $ 1,185,700 $ 1,575,900 2,935,768 $ 1,359,868 Fund balances at beginning of year 557 740,055 Fund balances at end of year $ 562 $ 3,675,823 94 Revenues Sales taxes Intergovemmental Investment income (loss) Other Total revenues Expenditures Current: Commuter rail Local streets and roads Motorist assistance Planning and programming Transit and specialized transportation Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses) Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Fund balances at beginning of year Fund balances at end of year Riverside County Transportation Commission Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual—Nonmajor Special Revenue Funds, Continued Year Ended June 30, 2019 Service Authority for Freeway Emergencies State of Good Repair Original Final Budget Budget Variance with Final Budget Positive Actual (Negative) $ - $ - $ 2,031,600 2,031,600 26,900 26,900 2,213,841 186,656 1,085 182,241 159,756 1,085 Original Final Budget Budget Actual $ 3,697,000 $ 3,697,000 $ 3,704,206 142,202 Variance with Final Budget Positive (Negative) $ 7,206 142,202 2,058,500 2,058,500 2,401,582 343,082 3,697,000 3,697,000 3,846,408 149,408 774,200 765,800 474,796 291,004 774,200 765,800 3,615,300 3,615,300 113,160 3,502,140 474,796 291,004 3,615,300 3,615,300 113,160 3,502,140 1,284,300 1,292,700 (3,674,100) (3,632,100) (3,674,100) (3,632,100) 1,926,786 634,086 81,700 81,700 3,733,248 3,651,548 (3,600,000) 32,100 (3,600,000) 32,100 (81,700) (757,900) (752,084) 5,816 (81,700) (757,900) (752,084) 5,816 $ (2,389,800) $ (2,339,400) (1,673,214) $ 666,186 $ - $ (676,200) 2,981,164 $ 3,657,364 8,498,902 3,699,392 $ 6,825,688 $ 6,680,556 95 Riverside County Transportation Commission Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual—Nonmajor Special Revenue Funds, Continued Year Ended June 30, 2019 Coachella Valley Rail Other Agency Projects Variance with Variance with Final Budget Final Budget Original Final Positive Original Final Positive Budget Budget Actual (Negative) Budget Budget Actual (Negative) Revenues Sales taxes $ - $ - $ - $ - $ - $ - $ - $ Intergovernmental 2,000,000 2,000,000 1,224,943 (775,057) 11,880,000 11,880,000 588,709 (11,291,291) Investment income (loss) 200 200 88,940 88,740 200 200 12,771 12,571 Other - - - - Total revenues 2,000,200 2,000,200 1,313,883 (686,317) 11,880,200 11,880,200 601,480 (11,278,720) Expenditures Current: Commuter rail Local streets and roads Motorist assistance Planning and programming Transit and specialized transportation Total expenditures Excess (deficiency) of revenues over (under) expenditures 4,664,700 4,168,700 1,858,477 2,310,223 11,880,000 11,880,000 587,605 11,292,395 4,664,700 4,168,700 1,858,477 2,310,223 11,880,000 11,880,000 587,605 11,292,395 (2,664,500) (2,168,500) (544,594) 1,623,906 200 200 13,875 13,675 Other financing sources (uses) Transfers in 350,000 350,000 350,000 - 466,600 466,600 (466,600) Transfers out (300,600) (300,600) 300,600 (466,600) (466,600) 466,600 Total other financing sources (uses) 49,400 49,400 350,000 300,600 Net change in fund balances $ (2,615,100) $ (2,119,100) (194,594) $ 1,924,506 $ 200 $ 200 13,875 $ 13,675 Fund balances at beginning of year 3,266,323 3,142 Fund balances at end of year $ 3,071,729 $ 17,017 96 Riverside County Transportation Commission Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual —Capital Projects Funds Year Ended June 30, 2019 Capital Projects Funds Commercial Paper Bonds Variance with Variance with Final Budget Final Budget Original Final Positive Original Final Positive Budget Budget Actual (Negative) Budget Budget Actual (Negative) Revenues Intergovernmental $ - $ - $ - $ $ - $ - $ - $ Investment income 310,000 310,000 1,515,343 1,205,343 645,400 645,400 2,642,461 1,997,061 Total revenues 310,000 310,000 1,515,343 1,205,343 645,400 645,400 2,642,461 1,997,061 Expenditures Debt service: Principal Interest Total debt service Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses) Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Fund balances at beginning of year Fund balances at end of year 310,000 310,000 1,515,343 1,205,343 645,400 645,400 2,642,461 1,997,061 - 500,000 500,000 (45,044,500) (45,044,500) (9,924,300) 35,120,200 (45,044,500) (44,544,500) (9,424,300) 35,120,200 $ 310,000 $ 310,000 1,515,343 $ 1,205,343 $ (44,399,100) $ (43,899,100) (6,781,839) $ 37,117,261 21,576,316 95,343,644 $ 23,091,659 $ 88,561,805 97 Riverside County Transportation Commission Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual —Debt Service Fund Year Ended June 30, 2019 Debt Service Fund Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) Revenues Intergovernmental $ 2,800,200 $ 2,800,200 $ 2,797,222 $ (2,978) Investment income 162,900 162,900 556,853 393,953 Total revenues 2,963,100 2,963,100 3,354,075 390,975 Expenditures Debt service: Principal 25,965,000 25,965,000 25,965,000 Interest 43,590,700 43,590,700 43,590,738 (38) Total debt service 69,555,700 69,555,700 69,555,738 (38) Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses) Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Fund balances at beginning of year Fund balances at end of year (66,592,600) (66,592,600) (66,201,663) 390,937 72,555,700 72,055,700 69,504,223 (2,551,477) (2,800,200) (2,948,300) (2,948,320) (20) 69,755,500 69,107,400 66,555,903 (2,551,497) $ 3,162,900 $ 2,514,800 354,240 $ (2,160,560) 11,082,909 $ 11,437,149 98 Riverside County Transportation Commission Schedule of Expenditures for Local Streets and Roads by Geographic Area - All Special Revenue Funds Year Ended June 30, 2019 Western County: City of Banning $ 650,939 City of Beaumont 1,038,267 City of Calimesa 188,686 City of Canyon Lake 204,962 City of Corona 4,658,115 City of Eastvale 1,491,268 City of Hemet 1,927,145 City of Jurupa Valley 2,306,472 City of Lake Elsinore 1,496,639 City of Menifee 1,918,407 City of Moreno Valley 4,411,279 City of Murrieta 2,675,677 City of Norco 740,527 City of Perris 2,079,994 City of Riverside 8,189,367 City of San Jacinto 962,807 City of Temecula 3,334,125 City of Wildomar 705,710 Riverside County 6,146,752 Other 178,100 45,305,238 Coachella Valley: City of Cathedral City 1,583,790 City of Coachella 646,744 City of Desert Hot Springs 522,385 City of Indian Wells 275,118 City of Indio 2,115,625 City of La Quinta - City of Palm Desert 2,928,433 City of Palm Springs 2,308,021 City of Rancho Mirage 994,079 Riverside County 1,943,396 Coachella Valley Association of Governments, including $818,937 due to City of La Quinta 1,637,874 Other 178,100 15,133,565 Palo Verde Valley: City of Blythe 779,891 Riverside County 206,765 Other 44,900 1,031,556 Total local streets and roads expenditures $ 61,470,359 99 Riverside County Transportation Commission Schedule of Expenditures for Transit and Specialized Transportation by Geographic Area and Source - All Special Revenue Funds Year Ended June 30, 2019 Sales Taxes Measure A Local State State Transportation Transit of Good Fund Assistance Repair Total Western County: Blindness Support Services, Inc. $ 72,000 $ $ $ $ 72,000 Boys and Girls Club of Menifee Valley 130,000 130,000 Boys and Girls Club of Southwest County 201,430 201,430 Care -A -Van 359,140 359,140 Care Connexxus 254,452 254,452 City of Banning - 1,417,294 1,417,294 City of Beaumont 2,402,209 710,210 3,112,419 City of Corona - 1,678,611 703,517 2,382,128 City of Norco 72,248 - 72,248 City of Riverside - 3,673,407 3,673,407 Community Connect 125,545 125,545 Exceed 57,000 57,000 Friends of Moreno Valley Center, Inc 91,213 91,213 Forest Folk 44,754 44,754 Independent Living Partnership 308,051 308,051 Michelle's Place 8,000 8,000 Operation Safehouse 37,995 37,995 Riverside University Health Systems 310,000 310,000 Riverside County Department of Mental Health 209,999 - 209,999 Riverside Transit Agency 3,998,457 65,199,572 1,559,458 70,757,487 United States Veterans Initiative 43,089 43,089 Voices for Children 99,754 99,754 Other 504,263 749,700 167,509 5,800 1,421,472 6,927,390 75,120,793 3,140,694 5,800 85,188,877 Coachella Valley: SunLine Transit Agency 6,000,000 21,358,945 3,385,433 71,850 30,744,378 Other 178,100 178,100 Palo Verde Valley: Palo Verde Valley Transit Agency 6,178,100 21,358,945 3,385,433 71,850 30,922,478 953,258 161,561 35,510 1,114,819 953,258 161,561 35,510 1,114,819 Total transit and specialized transportation expenditures $ 13,105,490 $ 97,432,996 $ 6,687,688 $ 113,160 $ 117,226,174 100 Riverside County Transportation Commission Schedule of Uses of Debt Proceeds and Fund Balances Year Ended June 30, 2019 Capital Projects Commercial Paper Notes 1.15 Express Lanes, advance agreements, and other Sales Tax Revenue Bonds 1.15 Express Lanes, 91 Project, advance agreements, and other Total Revenues Investment income $ 1,515,343 $ 2,642,461 $ 4,157,804 Total revenues 1,515,343 2,642,461 4,157,804 Other financing sources (uses) Transfers in Excess earnings 500,000 500,000 Transfers out Debt service offset (5) (5) Requisitions to reimburse Commission funds Salaries and benefits (175) (175) Professional services (216,685) (216,685) Support services (126,332) (126,332) Program operations (688,227) (688,227) Construction (1,426,849) (1,426,849) Right of way (620,138) (620,138) Design -build (5,272,174) (5,272,174) Building improvements (1,573,715) (1,573,715) Total other financing sources (uses) (9,424,300) (9,424,300) Net change in fund balance 1,515,343 (6,781,839) (5,266,496) Fund balances at beginning of year 21,576,316 95,343,644 116,919,960 Fund balances at end of year $ 23,091,659 $ 88,561,805 $ 111,653,464 101 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 102 RIVERSIDE COUNTY TRANSPORTATION COMMISSION Statistical RTA bus at Perris - Downtown station ■ CC Fa Ili P 11 I:1 Riverside County Transportation Commission Statistical Section Overview This part of the Riverside County Transportation Commission's comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the Commission's overall financial health. Financial Trends: These schedules contain trend information to help the reader understand how the government's financial performance and well-being have changed over time. The schedules include: Net Position By Component Changes in Net Position Fund Balances of Governmental Funds Changes in Fund Balances of Governmental Funds Revenue Capacity: These schedules contain information to help the reader assess the government's most significant local revenue source, the Measure A sales tax. These schedules include: Sources of County of Riverside Taxable Sales by Business Type Direct and Overlapping Sales Tax Rates Principal Taxable Sales Generation by City Measure A Sales Tax Revenues by Program and Geographic Area Measure A Sales Tax by Economic Category Debt Capacity: These schedules present information to help the reader assess the affordability of the government's current levels of outstanding debt and the government's ability to issue additional debt in the future. These schedules include: Pledged Revenue Coverage Ratios of Outstanding Debt by Type Computation of Legal Debt Margin Demographic and Economic Information: These schedules offer demographic and economic indicators to help the reader understand the environment within which the government's financial activities take place. These schedules include: Demographic and Economic Statistics for the County of Riverside Employment Statistics by Industry for the County of Riverside Operating Information: These schedules contain service and infrastructure data to help the reader understand how the information in the government's financial report relates to the services the government provides and the activities it performs. These schedules include: Full-time Equivalent Employees by Function/Program Operating Indicators Capital Asset Statistics by Program 103 Riverside County Transportation Commission Primary Government Net Position by Component Last Ten Fiscal Years (Accrual Basis) Fiscal Year 2019 2018 2017 2016 Governmental activities: 2015 Net Investment in capital assets $ 706,935,587 $ 529,178,100 $ 377,309,766 $ 389,646,370 $ 509,106,481 Restricted 794,875,222 801,401,752 596,214,012 615,457,192 578,207,942 Unrestricted (deficit) (887,668,580) (857,485,575) (538,356,445) (668,395,594) (623,769,876) Total governmental activities net position $ 614,142,229 $ 473,094,277 $ 435,167,333 $ 336,707,968 $ 463,544,547 4 Business -type activities: Net Investment in capital assets Restricted Unrestricted (deficit) Total business -type activities net position $ (299,852,425) $ (286,349,191) $ 25,256,125 8,581,857 6 _6 $ (274,596,300) $ (277,767,334) $ (301,737,495) 242,134,144 (234,075,489) (293,678,840) 5 Source: Finance Department 1 Net investment in capital assets increased in 2010 primarily as a result of the planning and construction of the Perris Transit Center and North Main Corona station parking structure. 2 Net investment in capital assets increased in 2011 primarily as a result of the planning and for the 91 Project and Perris Valley Line extension project. development of toll projects and the completion of development of toll projects and right of way acquisiton 3 Net investment in capital assets increased in 2014 primarily as a result of construction related to the Perris Valley Line project. 4 In FY 2015, the Commission implemented GASB Statement No. 68, Accounting and Financial Reporting for Pensions, and GASB Statement No. 71, Pension Transition for Contributions Made Subsequent to the Measurement Date - An Amendment of GASB Statement No. 68. Prior year amounts in this presentation have not been revised to reflect this change. 5 In FY 2017, the Commission reached substantial completion on the 91 Project and in March 2017 the RCTC 91 Express Lanes opened to motorists. 5 In FY 2018, the Commission changed its presentation of net position related to intangible assets. $50,000,000 $(50,000,000) - $(100,000,000) $(150,000,000) $(200,000,000) $(250,000,000) $(300,000,000) $(350,000,000) Business -type Activities Net Position by Component 2019 2018 1 ■ Restricted ■ Net Investment in capital assets 104 Riverside County Transportation Commission Primary Government Net Position by Component, Continued Last Ten Fiscal Years (Accrual Basis) Fiscal Year 2014 2013 2012 2011 2010 Govemmental activities: Net Investment in capital assets $ 381,796,683 3 $ 336,834,025 $ 327,277,502 $ 341,912,094 2 $ 294,218,263 Restricted 642,385,244 619,089,707 572,183,941 587,098,179 549,781,414 Unrestricted (deficit) (470,327,554) (216,162,697) (215,929,362) (293,146,251) (229,888,408) Total govemmental activities net position $ 553,854,373 $ 739,761,035 $ 683,532,081 $ 635,864,022 $ 614,111,269 $2,000,000,000 $1,500,000,000 $1,000,000,000 $500,000,000 $(500,000,000) $(1,000,000,000) $(1,500,000,000) Governmental Activities Net Position by Component mom 2017 2014 2013 2012 2011 2010 ■ Unrestricted (deficit) Restricted ',Net Investment in capital assets 105 Riverside County Transportation Commission Changes in Primary Government Net Position Last Ten Fiscal Years (Accrual Basis) Fiscal Year Ended June 30 2019 2018 z 2017 2016 2015 Expenses Governmental activities: General government $ 1,295,384 $ 3,654,628 $ 7,258,051 $ 6,614,285 $ 7,402,725 Bicycle and pedestrian projects 2,319,895 1,142,306 1,314,932 212,547 1,747,090 CETAP 1,398,238 22,285,913 2,489,440 1,871,426 4,130,374 Commuter assistance 3,612,855 3,668,307 2,658,782 2,615,610 2,914,990 Commuter rail 48,553,459 36,578,920 38,964,217 41,449,269 20,455,178 Highways 91,086,623 79,234,802 264,283,974 245,668,543 228,857,938 Local streets and roads 61,470,359 53,639,698 51,864,011 49,826,564 48,615,708 Motorist assistance 4,403,671 3,835,612 4,164,892 4,149,320 4,314,601 Planning and programming 4,340,660 4,758,503 3,141,759 3,965,071 3,064,115 Right of way management - - - - - Regional arterials 17,048,413 12,897,557 19,040,012 23,095,562 21,010,980 Transit and specialized transportation 117,766,548 90,185,227 80,724,591 70,611,967 86,712,958 Interest expense 33,663,673 46,421,211 49,214,579 53,558,472 50,037,270 Total governmental activities expenses 388,959,778 358,302,684 525,119,240 503,638,636 479,263,927 Business -type activities: RCTC 91 Express Lanes 51,331,835 49,452,297 13,260,254 Total primary government expenses $ 438,291,613 $ 407,754,981 $ 538,379,494 $ 503,638,636 $ 479,263,927 Program Revenues Govemmental activities: Charges for services Commuter assistance $ $ $ $ $ Commuter rail 155,587 254,627 250,416 255,847 786,869 Right of way management Highways 132,681 51,629 90,655 Motorist assistance 35,980 4,149 635,373 1,076,751 21,307 Other 326 479 447 421 450 Operating grants and contributions 93,084,805 45,363,624 35,611,287 42,568,860 57,784,238 Capital grants and contributions 74,558,439 66,910,285 16,451,903 54,062,314 70,133,121 Total governmental activities program revenues 167,967,818 112,584,793 52,949,426 97,964,193 128,816,640 Business -type activities: Charges for services RCTC 91 Express Lanes 58,423,461 50,446,824 10,123,572 Operating grants and contributions 1,723 Total business -type activities program revenues 58,423,461 50,446,824 10,125,295 Total primary government revenutes 226,391,279 163,031,617 63,074,721 97,964,193 128,816,640 Net Revenues (Expenses) Govemmental activities (218,991,960) (245,717,891) (472,169,814) (405,674,443) (350,447,287) Business -type activities 7,091,626 994,527 (3,134,959) Total primary government net expense $ (211,900,334) $ (244,723,364) $ (475,304,773) $ (405,674,443) $ (350,447,287) General Revenues and Other Changes in Net Position Govemmental activities: Measure A sales taxes $ 201,204,995 $ 176,301,656 $ 175,320,207 $ 167,630,239 $ 163,092,776 Transportation Development Act sales taxes 131,021,230 110,878,557 94,639,514 97,134,594 94,816,814 Unrestricted investment earnings 21,130,957 8,916,321 4,262,323 8,383,732 6,060,400 Other miscellaneous revenue 3,261,873 2,497,942 5,859,819 4,950,964 1,643,078 Gain on sale of capital assets 443,461 - 738,335 Transfers 2,977,396 (14,949,641) 290,547,316 - Total governmental activities 360,039,912 283,644,835 570,629,179 278,837,864 265,613,068 Business -type activities: Unrestricted investment earnings 2,764,137 (32,662) 3,435 Loss on sale of capital assets (3,707,333) Transfers (2,977,396) 14,949,641 (290,547,316) Total business -type activities (3,920,592) 14,916,979 (290,543,881) Total primary government $ 356,119,320 $ 298,561,814 $ 280,085,298 $ 278,837,864 $ 265,613,068 Changes in Net Position Govemmental activities $ 141,047,952 $ 37,926,944 $ 98,459,365 $ (126,836,579) $ (84,834,219) Business -type activities 3,171,034 15,911,506 (293,678,840) Total primary government $ 144,218,986 $ 53,838,450 $ (195,219,475) $ (126,836,579) $ (84,834,219) Source: Finance Department In FY 2015 the Commission implemented GASB Statement No. 68, Accounting and Financial Reporting for Pensions, and GASB Statement No. 71, Pension Transition for Contributions Made Subsequent to the Measurement Date - An Amendment of GASB Statement No. 68. Prior year amounts in this presentation have not been revised to reflect this change. 2 In FY 2017 the Commission reached substantial completion on the 91 Project and in March 2017 the RCTC 91 Express Lanes opened to motorists. Additionally, the Commission early implemented GASB Statement No. 75, Accounting and Financial Reporting for Post -Employment Benefits Other Than Pensions, and GASB Statement No. 85, Omnibus 2017. 106 Riverside County Transportation Commission Changes in Primary Government Net Position, Continued Last Ten Fiscal Years (Accrual Basis) Fiscal Year Ended June 30 2014 2013 2012 2011 2010 Expenses Governmental activities: General government $ 6,994,832 $ 6,959,827 $ 7,780,478 $ 8,453,876 $ 7,024,517 Bicycle and pedestrian projects 1,065,476 956,308 1,389,567 1,940,499 317,048 CETAP 2,195,074 954,700 4,464,387 5,490,993 2,362,393 Commuter assistance 3,171,842 2,904,048 3,193,172 2,868,630 3,266,834 Commuter rail 17,255,402 23,531,252 21,480,248 27,792,375 20,544,634 Highways 339,194,681 59,604,916 72,341,578 40,113,092 24,828,958 Local streets and roads 46,677,580 44,594,891 40,127,890 36,856,925 34,258,313 Motorist assistance 3,498,420 3,563,581 3,846,245 3,530,695 2,987,136 Planning and programming 3,216,441 3,725,703 3,924,413 4,683,272 5,321,121 Right of way management - - 3 1,270,487 1,428,066 Regional arterials 23,886,840 17,047,135 5,816,666 29,362,894 26,371,339 Transit and specialized transportation 78,723,898 55,659,188 51,221,772 44,699,650 43,820,225 Interest expense 52,939,762 15,364,677 15,221,031 11,799,586 7,099,038 Total governmental activities expenses 578,820,248 234,866,226 230,807,447 218,862,974 179,629,622 Business -type activities: RCTC 91 Express Lanes Total primary government expenses $ 578,820,248 $ 234,866,226 $ 230,807,447 $ 218,862,974 $ 179,629,622 Program Revenues Governmental activities: Charges for services Commuter assistance $ $ 1,500 $ $ $ Commuter rail 297,911 107,194 145,735 Right of way management - 184,010 196,527 Highways 412,535 796,385 Motorist assistance 15,026 13,915 Other 999 14,873 27,681 Operating grants and contributions 61,767,456 46,567,900 54,641,955 39,886,648 23,130,456 Capital grants and contributions 71,744,926 4,897,301 5,228,621 9,199,268 12,257,099 Total governmental activities program revenues 134,238,853 52,399,068 60,016,311 49,297,607 35,584,082 Business -type activities: Charges for services RCTC 91 Express Lanes Operating grants and contributions Total business -type activities program revenues Total primary government revenutes 134,238,853 52,399,068 60,016,311 49,297,607 35,584,082 Net Revenues (Expenses) Governmental activities (444,581,395) (182,467,158) (170,791,136) (169,565,367) (144,045,540) Business -type activities Total primary government net expense $ (444,581,395) $ (182,467,158) $ (170,791,136) $ (169,565,367) $ (144,045,540) General Revenues and Other Changes in Net Position Governmental activities: Measure A sales taxes $ 156,355,894 $ 149,428,124 $ 134,984,307 $ 123,439,833 $ 114,526,254 Transportation Development Act sales taxes 91,953,554 86,999,018 80,044,131 60,772,795 69,499,841 Unrestricted investment earnings 9,794,662 1,664,789 4,196,452 4,411,122 5,987,921 Other miscellaneous revenue 556,049 604,181 1,287,981 2,694,370 1,680,322 Gain on sale of capital assets 14,574 Transfers Total governmental activities 258,674,733 238,696,112 220,512,871 191,318,120 191,694,338 Business -type activities: Unrestricted investment earnings Loss on sale of capital assets Transfers Total business -type activities Total primary government $ 258,674,733 $ 238,696,112 $ 220,512,871 $ 191,318,120 $ 191,694,338 Changes in Net Position Governmental activities $ (185,906,662) $ 56,228,954 $ 49,721,735 $ 21,752,753 $ 47,648,798 Business -type activities Total primary government $ (185,906,662) $ 56,228,954 $ 49,721,735 $ 21,752,753 $ 47,648,798 Source: Finance Department 3 Right of way expenditures were classified as highways or commuter rail expenditures beginning in 2012. 4 In FY 2012 the Commission implemented GASB Statement No. 65, Items Previously Reported as Assets and Liabilities. Prior year amounts in this presentation have not been revised to reflect this change. 107 $700,000,000 $600,000,000 $500,000,000 $400,000,000 $300,000,000 $200,000,000 $100,000,000 Riverside County Transportation Commission Changes in Primary Government Net Position (Continued) Last Ten Fiscal Years (Accrual Basis) Expenses by Function ■ • _l_ . • - 11114 $- 1 1 1 1 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 ■ Toll operations ■ Interest expense ■ Transit and specialized transportation ■ Regional arterials ■ Right of way management ■ Planning and programming Motorist assistance ■ Local streets and roads ■ Highways ■ Commuter rail .:Commuter assistance ■ CETAP ■ Bicycle and pedestrian facilities ■ General government 108 $597,000,000 $497,000,000 $397,000,000 $297,000,000 $197,000,000 $97,000,000 $(3,000,000) Riverside County Transportation Commission Changes in Primary Government Net Position (Continued) Last Ten Fiscal Years (Accrual Basis) Revenues by Source 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 ■ Gain (loss) on sale of capital assets, net Other miscellaneous revenue ■ Unrestricted investment earnings ■ Transportation Development Act sales taxes ■ Measure A sales taxes ■ Capital grants and contributions ■ Operating grants and contributions ■ Charges for services 109 Riverside County Transportation Commission Fund Balances of Governmental Funds Last Ten Fiscal Years (Modified Accrual Basis) Fiscal Year 2019 2018 2017 2016 2015 GENERAL FUND General fund: Nonspendable $ 345,881 $ 232,793 $ 232,759 $ 192,235 $ 255,446 Restricted 25,551,922 22,470,358 16,321,159 7,143,844 5,680,411 Committed - Assigned 3,226,466 3,337,343 2,572,182 3,456,111 4,246,940 Total general fund $ 29,124,269 $ 26,040,494 $ 19,126,100 $ 10,792,190 $ 10,182,797 ALL OTHER GOVERNMENTAL FUNDS All other govemmental funds: Nonspendable $ 3,675,091 $ 4,627,240 $ 9,162,068 $ 10,848,614 $ 21,510,571 Restricted 758,687,069 745,638,560 678,147,954 718,780,598 772,109,076 Unassigned (1,272,356) (268,754) (23,054) - Total all other govemmental funds $ 761,089,804 $ 749,997,046 $ 687,286,968 $ 729,629,212 $ 793,619,647 Source: Finance Department 110 Riverside County Transportation Commission Fund Balances of Governmental Funds, Continued Last Ten Fiscal Years (Modified Accrual Basis) Fiscal Year 2014 2013 2012 2011 2010 GENERAL FUND General fund: Nonspendable $ 257,721 $ 194,794 $ 157,957 $ 143,397 $ 253,819 Restricted 5,073,685 7,412,686 8,114,440 7,110,013 7,266,584 Committed - 1,606,976 Assigned 5,258,703 5,232,871 5,412,830 6,270,944 4,134,059 Total general fund $ 10,590,109 $ 12,840,351 $ 13,685,227 $ 13,524,354 $ 13,261,438 ALL OTHER GOVERNMENTAL FUNDS All other governmental funds: Nonspendable $ 31,978,235 $ 3,274,483 $ 1,481,019 $ 5,389,775 $ 2,554,136 Restricted 988,908,077 606,072,061 560,412,373 570,450,515 535,752,354 Unassigned - - Total all other governmental funds $ 1,020,886,312 $ 609,346,544 $ 561,893,392 $ 575,840,290 $ 538,306,490 Source: Finance Department 111 Revenues Sales taxes Transportation Uniform Mitigation Fee Intergovernmental Investment income Other Total revenues Expenditures Current: General Government Programs: Bicycle and pedestrian facilities CETAP Commuter assistance Commuter rail Highways Local streets and roads Motorist assistance Planning and programming Right of way management Regional arterials Transit and specialized transportation Debt service: Principal Interest Cost of Issuance Payment to escrow agent Capital outlay Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Refunding debt issuance Debt issuance Discount on debt issuance Premium on debt issuance Payment to refunded bond escrow agent Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Riverside County Transportation Commission Changes in Fund Balances of Governmental Funds Last Ten Fiscal Years (Modified Accrual Basis) Fiscal Year 2019 2018 2017 $ 332,226,225 $ 287,180,213 $ 269,959,721 29,968,449 23,699,764 19,594,829 138,541,133 88,207,011 32,467,616 21,311,968 9,149,672 4,483,174 6,418,190 3,199,483 6,746,055 528,465,965 411,436,143 333,251,395 2016 $ 264,764,833 19,831,327 76,821,362 8,592,753 7,295,648 377,305,923 2015 $ 257,909,590 17,400,782 110,515,661 6,258,226 2,542,359 394,626,618 1,044,403 977,898 6,558,752 6,514,255 7,302,325 2,319,895 1,142,306 1,314,932 233,815 1,747,090 1,394,120 22,275,429 4,028,104 5,249,516 4,135,996 3,603,353 3,647,662 2,686,073 2,648,632 2,891,431 40,805,316 37,700,157 32,820,139 95,717,909 112,424,851 203,662,390 187,087,621 250,383,800 372,657,029 325,128,109 61,470,359 53,639,698 51,864,011 49,826,564 48,615,815 4,398,842 3,825,722 4,177,349 4,159,520 4,317,961 4,307,859 4,677,940 3,248,031 4,090,731 3,099,358 17,042,375 12,888,439 19,056,339 23,111,109 21,016,097 117,748,091 90,153,923 80,764,125 70,652,804 86,725,394 25,977,461 62,140,974 27,317,242 7,814,176 7,411,654 43,595,769 50,606,912 44,684,153 45,620,922 45,913,275 - 2,256,061 654,007 - 70,800,000 63,900,000 5,663,109 2,606,851 5,670,356 1,182,208 475,334 533,033,342 606,427,593 599,127,413 689,479,190 671,204,690 (4,567,377) (194,991,450) (265,876,018) (312,173,267) (276,578,072) 457,015,000 14,946,136 158,760,000 249,498,089 248,792,225 48,904,095 - 119,713,807 8,414,007 55,000 (471,089,840) 116,363,248 300,623,670 182,713,859 162,708,720 232,626,156 (112,620,474) (300,406,715) (208,758,271) (162,708,720) (232,626,156) 18,743,910 264,615,922 231,867,684 248,792,225 48,904,095 $ 14,176,533 $ 69,624,472 $ (34,008,334) $ (63,381,042) $ (227,673,977) Debt service as a percentage of noncapital expenditures 16.7% 23.7% 5 12.2% 10.6% 11.0% Source: Finance Department 1 Debt service as a percentage of noncapital expenditures in 2010 increased significantly as a result of the retirement of $53,716,000 of commercial paper, which is included in principal payments. 2 Debt service as a percentage of noncapital expenditures in 2011 increased significantly as a result of the retirement of $103,284,000 of commercial paper, which is included in principal payments. 3 Right of way management expenditures were classified as highways or commuter rail expenditures beginning in 2012. 4 Debt service as a percentage of noncapital expenditures in 2014 increased significantly as a result of the retirement of $60,000,000 of commercial paper, which is included in principal payments and interest payments and cost of issuance as a result of the issuance of $638,854,602 in debt. 5 Debt service as a percentage of noncapital expenditures in 2018 increased significantly as a result of the retirement of commercial paper and a current refunding of debt, which included a swap termination payment. 112 Riverside County Transportation Commission Changes in Fund Balances of Governmental Funds, Continued Last Ten Fiscal Years (Modified Accrual Basis) Revenues Sales taxes Transportation Uniform Mitigation Fee Intergovernmental Investment income Other Total revenues Expenditures Current: General Government Programs: Bicycle and pedestrian facilities CETAP Commuter assistance Commuter rail Highways Local streets and roads Motorist assistance Planning and programming Right of way management Regional arterials Transit and specialized transportation Debt service: Principal Interest Cost of Issuance Payment to escrow agent Capital outlay Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Refunding debt issuance Debt issuance Discount on debt issuance Premium on debt issuance Payment to refunded bond escrow agent Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Debt service as a percentage of noncapital expenditures Source: Finance Department Fiscal Year 2014 2013 2012 2011 2010 $ 248,309,448 $ 236,427,142 $ 215,028,438 $ 184,212,628 $ 184,026,095 11,284,394 12,421,110 8,116,420 9,157,863 8,618,231 122,486,605 38,817,347 51,516,775 40,012,488 26,769,324 9,979,912 1,769,709 4,308,395 4,524,219 5,663,178 1,282,520 1,540,542 1,430,195 2,878,380 1,853,641 393,342,879 290,975,850 280,400,223 240,785,578 226,930,469 6,991,303 6,692,187 7,586,207 8,340,263 6,920,479 1,065,476 956,308 1,389,567 1,940,499 317,048 6,509,915 954,700 4,464,387 5,490,993 2,362,393 3,136,150 2,868,356 3,157,480 2,816,392 3,228,709 68,072,414 27,118,480 39,870,670 35,482,511 33,733,888 299,398,122 118,750,336 111,049,502 75,011,698 45,698,211 46,677,580 44,594,891 40,127,890 36,856,925 34,258,313 3,498,420 3,563,581 3,846,245 3,530,695 2,987,136 3,204,073 3,712,596 3,913,520 4,674,397 5,312,246 - 3 1,270,487 1,428,066 23,886,840 17,047,135 5,816,666 29,362,894 26,371,339 78,723,898 55,659,188 51,221,772 44,699,650 43,820,225 67,112,884 6,824,654 46,523,931 109,607,230 57,738,548 43,410,203 15,404,719 15,008,695 11,296,268 5,240,307 7,050,855 1,493,196 675,464 143,888 220,443 209,716 147,297 124,080 658,882,021 304,367,574 334,186,248 372,021,395 270,216,452 (265,539,142) (13,391,724) (53,786,025) (131,235,817) (43,285,983) 638,854,602 (2,433,315) 38,328,775 60,000,000 40,000,000 170,000,000 268,284,000 (967,467) (278,685) (129,394,875) 481,987,735 133,065,312 123,977,167 185,354,839 104,833,227 (481,987,735) (133,065,312) (123,977,167) (185,354,839) (104,833,227) 674,750,062 60,000,000 40,000,000 169,032,533 138,610,440 $ 409,210,920 $ 46,608,276 $ (13,786,025) $ 37,796,716 $ 95,324,457 19.1 %' 9.3% 22.5% 32.5% 2 23.3% 113 Riverside County Transportation Commission Sources of County of Riverside Taxable Sales by Business Type Last Ten Calendar Years (In Thousands) 2017' 2016 2015 2014 2013 Apparel stores $ 2,199,511 $ 2,190,228 $ 2,136,728 $ 1,989,623 $ 1,771,603 General merchandise stores 3,101,256 3,052,409 3,040,244 3,289,057 3,298,920 Food stores 1,666,910 1,574,030 1,727,518 1,509,404 1,421,590 Eating & drinking 3,852,674 3,648,980 3,384,494 3,093,861 2,836,388 Household 1,730,702 1,386,985 1,135,235 1,030,455 996,484 Building materials 2,161,593 1,965,101 1,826,294 1,706,184 1,535,178 Automotive 8,282,532 7,751,812 7,693,173 7,844,773 7,421,523 Other retail sales 2,586,770 2,452,591 2,338,039 2,182,987 2,025,088 Total all other outlets 10,550,866 10,209,008 9,629,185 9,389,345 8,758,693 $ 36,132,814 $ 34,231,144 $ 32,910,910 $ 32,035,689 $ 30,065,467 Measure A direct sales tax rate (Ordinance 88-1 0.50% 0.50% 0.50% 0.50% 0.50% through 2009 and 02-001 thereafter) Source: State Board of Equalization 1 Year represents most recent data available. Sources of County of Riverside Taxable Sales by Business Type for 2017 Total all other outlets 29% Other retail sales 7% Apparel stores 6% General merchandise stores 8% Food stores 5% Eating & drinking 11% Household 5% Building materials Automotive 6% 23% 114 Riverside County Transportation Commission Sources of County of Riverside Taxable Sales by Business Type, Continued Last Ten Calendar Years (In Thousands) 2012 2011 2010 2009 2008 Apparel stores $ 1,672,482 $ 1,505,821 $ 1,391,174 $ 1,293,271 $ 1,121,543 General merchandise stores 3,174,022 3,051,709 2,947,905 2,855,733 3,389,936 Food stores 1,356,148 1,304,731 1,267,758 1,251,220 1,254,366 Eating & drinking 2,668,324 2,473,339 2,317,486 2,266,853 2,340,554 Household 930,068 914,888 412,325 858,098 816,379 Building materials 1,364,513 1,303,073 1,232,145 1,237,518 1,435,337 Automotive 7,009,138 6,311,272 5,306,408 4,749,994 6,126,512 Other retail sales 1,841,973 1,711,453 1,951,385 1,442,875 3,250,335 Total all other outlets 8,079,341 7,065,212 6,326,194 6,272,315 6,268,633 Measure A direct sales tax rate (Ordinance 88-1 through 2009 and 02-001 thereafter) Source: State Board of Equalization $ 28,096,009 $ 25,641,498 $ 23,152,780 $ 22,227,877 $ 26,003,595 0.50% 0.50% 0.50% 0.50% 0.50% 115 Fiscal Year Riverside County Transportation Commission Direct and Overlapping Sales Tax Rates Last Ten Fiscal Years Measure A Direct Rate' County of Riverside 2019 0.50% 7.75% 2018 0.50% 7.75% 2017 0.50% 7.75% 2016 0.50% 8.00% 2015 0.50% 8.00% 2014 0.50% 8.00% 2013 0.50% 8.00% 2012 0.50% 7.75% 2011 0.50% 8.75% 2010 0.50% 8.75% Source: Commission Finance Department and California State Board of Equalization. ' The Measure A sales tax rate may be changed only with the approval of 2l3 of the voters. 2 Effective July 1, 2011, the State of California decreased the state sales tax rate by 1 %. 3 Effective January 1, 2013, the State of California increased the state sales tax rate by 0.25%. 116 Riverside County Transportation Commission Principal Taxable Sales Generation by City Current Year and Nine Years Ago 2017 1 2008 Taxable Sales (in Taxable Sales (in Percentage of thousands) Rank Percentage of Total thousands) Rank Total City of Riverside $ 5,534,294 2 15.3% $ 4,093,218 2 15.7% City of Corona 3,663,277 3 10.1 % 2,994,438 3 11.5% City of Temecula 3,209,066 4 8.9% 2,307,072 4 8.9% City of Moreno Valley 1,652,123 5 4.6% 1,154,650 6 4.4% City of Palm Desert 1,624,653 6 4.5% 1,447,663 5 5.6% City of Murrieta 1,522,525 7 4.2% 972,575 7 3.7% City of Perris 1,462,211 8 4.0% 562,025 14 2.2% City of Palm Springs 1,149,888 9 3.2% 826,056 9 3.3% City of Hemet 1,042,103 10 2.9% 840,655 8 3.2% City of Indio 1,008,113 11 2.8% 673,527 11 2.6% City of Jurupa Valley' 968,336 12 2.7% - - NIA City of Lake Elsinore 821,250 13 2.3% 639,732 13 2.5% City of Cathedral City 809,572 14 2.2% 649,612 12 2.5% City of La Quinta 751,449 15 2.0% 731,831 10 2.9% City of Eastvale3 742,347 16 2.1 % NIA City of Menifee2 683,385 17 1.9% - N/A City of Norco 603,813 18 1.7% 436,753 16 1.7% City of Rancho Mirage 485,920 19 1.3% 438,400 15 1.7% City of Beaumont 429,064 20 1.2% 270,480 18 1.0% City of Coachella 307,443 21 0.9% 307,494 17 1.2% City of San Jacinto 258,202 22 0.7% 192,541 20 0.7% City of Banning 226,170 23 0.6% 193,333 19 0.7% City of Blythe 152,961 24 0.4% 160,476 21 0.6% City of Wildomar 152,142 25 0.4% 23,983 25 0.1 % City of Desert Hot Springs 138,947 26 0.4% 91,671 22 0.4% City of Indian Wells 102,766 27 0.3% 91,534 23 0.4% City of Calimesa 72,082 28 0.2% 54,285 24 0.2% City of Canyon Lake 20,912 29 0.1 % 12,300 26 0.0% Incorporated 29,595,014 81.9% 20,166,304 77.7% Unincorporated 6,537,800 1 18.1% 5,837,291 1 22.3% Countywide $ 36,132,814 100.0% $ 26,003,595 100.0% California $ 672,486,581 $ 531,653,540 Source: California State Board of Equalization for the calendar year indicated. Year represents most recent data available. 2 City of Menifee was incorporated on October 1, 2008. 3 City of Eastvale was incorporated on October 1, 2010. 4 City of Jurupa Valley was incorporated on July 1, 2011. Taxable Sales by City $6,000,000 - $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 Gc�ta�`¢°oJa\e�eyev�e'\96cQ��°�e�oy��aJae�S���G(1)- \z e+s,06:444aav�°are�ao��\9,bs\ tt`�e'tf•-�• A"°'eoo\a�e tclC,` .,cj° e-\"3 Q G °� (> 9 \ G o� � nova G rtcl° �c1°��,ac) G Qa��°\ ..,!'',A°�� �c1°fie �6\c,��c1°\ tGa�� G ��o G`� C,�o�'G�o G G G G�o� G� CG G`� o�e5�'r1 Gam° G0 -111.- 2017 t 2008 117 Highways Regional arterials Highways and regional arterials New corridors Economic development incentives Local streets and roads Public transit: Commuter assistance Commuter rail Bus Specialized transportation Bus and specialized transportation Bond financing Source: Finance Department $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $- Riverside County Transportation Commission Measure A Sales Tax Revenues by Program and Geographic Area Year Ended June 30, 2019 Special Revenue Funds Western County Coachella Valley 47,640,885 $ 14,012,025 17,281,498 1,868,270 45,305,548 2,335,338 9,528,177 3,374,563 2,977,555 12,610,823 21,619,378 15,133,565 6,485,813 156,934,682 $ Palo Verde 1,031,557 Total 47,640,885 14,012,025 21,619,378 17,281,498 1,868,270 61,470,670 2,335,338 9,528,177 3,374,563 2,977,555 6,485,813 12,610,823 43,238,756 $ 1,031,557 $ Sales Tax Revenues by Program and Geographic Area 201,204,995 1.11— • i - i - - . • r a05 �e\�s �ek�5 `aa°�s ,Z,�A �a �a 4c° Qea'°J ee \-> e , aJaAz \o ae, ° •A oo Jti\oc;oy eea�°aa5�5J Jtie<6° °e ti5aGoe e's-` °Ga a� G° Geographic Distribution by Area Coachella Valley 21% Palo Verde 1%\ otb °eQ �5Q as�o -'e ee 9°J c e9 a° 4tP Western County 78% ■ Palo Verde ■ Coachella Valley ■ Western County 118 Riverside County Transportation Commission Measure A Sales Tax by Economic Category Last Ten Calendar Years % of Total Economic Category 2018' 2017 2016 2015 2014 2013 2012 2011 2010 2009 General retail 28.9 28.3 28.9 28.8 28.4 28.7 28.8 29.8 30.9 30.9 Transportation 24.6 25.3 25.1 25.9 26.6 27.0 26.9 27.1 25.0 22.8 Food products 17.8 17.6 17.7 17.3 16.6 16.1 16.2 16.4 17.0 17.8 Business to business 16.3 15.6 15.3 15.0 14.4 14.5 15.0 14.1 14.5 15.2 Construction 10.8 10.8 10.8 10.8 12.0 11.8 11.1 10.5 10.5 11.1 Miscellaneous 1.6 2.4 2.2 2.2 2.0 1.9 2.0 2.1 2.1 2.2 Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Source: MuniServices LLC. Prior years' information is not available. ' Year represents most recent data available. 119 Riverside County Transportation Commission Measure A Revenues and Pledged Revenue Coverage' Last Ten Fiscal Years Sales Tax Revenue Bonds Net Measure A Sales Tax Measure A Sales Tax Revenue Total Debt Service Fiscal Year Revenues2 Growth (Decline) Rate Total Debt Service Coverage Ratio 2019 $ 201,204,995 14.13% $ 69,555,738 2.89 2018 176,301,656 0.56% 75,159,543 2.35 2017 175,320,207 4.59% 51,889,982 3.38 2016 167,630,239 2.78% 53,400,019 3.14 2015 163,092,776 4.31 % 53,300,072 3.06 2014 156,355,894 4.64% 50,499,417 3.10 2013 149,428,124 10.70% 22,156,116 6.74 2012 134,984,307 9.35% 21,503,582 6.28 2011 123,439,833 7.78% 12,651,386 9.76 20103 114,526,254 -4.31 % 8,918,183 12.84 Source: Finance Department This schedule meets the requirements for Continuing Disclosure of historical Measure A sales tax revenues. 2 Sales tax revenue bonds are backed by the sales tax revenues, net of California Department of Tax and Fee Administration, as successor to Board of Equalization, administrative fees. In FY 2010 the 2008 bonds related to the 2009 Measure A program were current refunded. The payment to escrow agent is excluded from debt service. 120 RIVERSIDE COUNTY TRANSPORTATION COMMISSION Riverside County Transportation Commission Ratios of Outstanding Debt by Type Last Ten Fiscal Years Governmental Activities Sales Tax Revenue Bonds, Capital Year net of premium and discount Commercial Paper MSHCP Funding Liability Leases 2019 $ 950,003,406 $ - $ 3,000,000 $ 50,504 2018 987,810,267 6,000,000 7,965 2017 792,916,124 30,000,000 9,000,000 28,939 2016 782,532,106 20,000,000 12,000,000 46,181 2015 792,297,152 15,000,000 60,357 2014 801,782,659 18,000,000 72,011 2013 310,435,508 60,000,000 6,289 2012 317,138,111 30,943 2011 323,537,074 54,874 2010 180,731,699 83,284,000 78,104 Sources: Finance Department for outstanding debt for the fiscal year ended June 30 and California State Department of Finance for population as of January 1. 1 See the Schedule of Demographic and Economic Statistics on page 126 for personal income and population data. 122 Year Riverside County Transportation Commission Ratios of Outstanding Debt by Type, Continued Last Ten Fiscal Years Business -Type Activities Toll Revenue Bonds, net of discount and accretion TIFIA Loan Percentage of Debt per Total Primary Government Personal Income I Capita I 2019 $ 199,423,911 $ 469,870,660 $ 1,622,348,481 N/A $ 671.51 2018 194,522,170 453,980,866 $ 1,642,321,268 N/A 689.29 2017 189,923,251 438,628,419 $ 1,460,496,733 1.54% 612.42 2016 185,607,330 277,696,320 $ 1,277,881,937 1.45% 551.30 2015 181,557,045 48,904,095 $ 1,037,818,649 1.24% 436.30 2014 177,755,391 $ 997,610,061 1.28% 423.81 2013 - $ 370,441,797 0.49% 167.47 2012 $ 317,169,054 0.44% 142.38 2011 $ 323,591,948 0.48% 145.91 2010 $ 264,093,803 0.41 % 121.16 Sources: Finance Department for outstanding debt for the fiscal year ended June 30 and California State Department of Finance for population as of January 1. 123 Riverside County Transportation Commission Computation of Legal Debt Margin Last Ten Fiscal Years Fiscal Year 2019 2018 2017 2016 2015 Measure A Ordinance No. 02.001, as amended by Ordinance No. 10-0022 Total debt limit authorized $ 975,000,000 $ 975,000,000 $975,000,000 $ 975,000,000 $ 975,000,000 Amount of debt applicable to debt limit 833,055,000 859,020,000 786,240,000 771,300,000 759,100,000 Legal debt margin $ 141,945,000 $ 115,980,000 $188,760,000 $ 203,700,000 $ 215,900,000 % of debt to legal debt limit 85.4% 88.1 % 80.6% 79 1 % 77 9% Source: Finance Department 1 The Commission's debt limits were approved by the voters of Riverside County as part of the sales tax ordinances and are specific to the Commission; accordingly, there are no overlapping debt considerations. 2 Ordinance No. 02-001 was approved by a 2/3 majority of the voters in November 2002. In November 2010, a majority of the voters approved Ordinance No. 10-002 to increase the debt limit from $500 million to $975 million. $1,200,000, 000 $1,000,000, 000 $800,000,000 - Measure A Ordinance No. 02-001, as amended by Ordinance No.10-002 $600,000,000 — $400,000,000 — $200,000,000 — r 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 • Total debt limit authorized Am ou nt of de bt applicable to debt limit 124 Riverside County Transportation Commission Computation of Legal Debt Margin, Continued 1 Last Ten Fiscal Years Fiscal Year 2014 2013 2012 2011 2010 Measure A Ordinance No. 02-001, as amended by Ordinance No. 10.0022 Total debt limit authorized $ 975,000,000 $ 975,000,000 $ 975,000,000 $ 975,000,000 $ 500,000,000 Amount of debt applicable to debt limit 766,500,000 371,400,000 318,200,000 324,700,000 264,284,000 Legal debt margin $ 208,500,000 $ 603,600,000 $ 656,800,000 $ 650,300,000 $ 235,716,000 % of debt to legal debt limit 78.6% 38.1 % 32.6% 33.3% 52.9% Source: Finance Department 125 Riverside County Transportation Commission Demographic and Economic Statistics for the County of Riverside Last Ten Calendar Years Per Capita Personal Calendar Year Population' Personal Income (thousands)2 Income 2 Unemployment Rate3 2019 2,440,124 N/A N/A N/A 2018 2,415,955 N/A N/A 4.4% 2017 2,382,640 $ 95,140,992 $ 39,261 5.2% 2016 2,347,828 87,827,068 36,782 6.1 % 2015 2,317,924 84,025,987 35,589 6.7% 2014 2,329,271 78,239,388 33,590 8.2% 2013 2,255,059 76,289,477 33,278 10.3% 2012 2,227,577 72,015,057 31,742 12.2% 2011 2,217,778 67,024,780 29,927 12.4% 2010 2,179,692 64,376,498 29,222 14.7% Sources: ' California State Department of Finance as of January 1. 2 U.S. Department of Commerce Bureau of Economic Analysis. Represents most recent data available. 3 Riverside County Economic Development Agency. Represents most recent data available. 126 Riverside County Transportation Commission Employment Statistics by Industry for the County of Riverside Calendar Year 2018 and Nine Years Prior % of Total Industry Type 20181 Employment 2009 of Total Employment Agricultural services, forestry, fishing and other 12,500 1.7% 12,400 2.2% Mining 400 0.0% 500 0.1% Construction 67,300 9.1% 40,400 7.3% Manufacturing 44,400 6.0% 39,000 7.1% Transportation, warehousing, and public utilities 46,000 6.2% 19,700 3.6% Wholesale trade 24,900 3.4% 18,700 3.4% Retail trade 92,700 12.4% 78,800 14.3% Professional & business services 70,500 9.5% 53,700 9.7% Education & health services 115,000 15.5% 71,300 12.9% Leisure & hospitality 93,500 12.6% 68,700 12.5% Finance, insurance, and real estate 22,000 3.0% 20,700 3.7% Other services 22,600 3.0% 18,100 3.3% Federal government, civilian 7,200 1.0% 6,900 1.3% State government 17,700 2.4% 15,800 2.9% Local government 105,500 14.2% 86,600 15.7% Total employment 742,200 100.0% 551,300 100.0% Source: State of California Economic Development Department Year represents most recent data available. 127 Riverside County Transportation Commission Full-time Equivalent Employees by Function/Program Last Ten Fiscal Years As of June 30 Function/Program 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 Management services and administration 18.0 19.2 17.1 14.7 16.2 13.8 14.1 13.9 12.7 8.9 Planning and programming 3.5 4.2 4.9 6.2 6.1 5.9 4.9 5.1 5.2 5.5 Rail operations and maintenance 3.4 4.1 4.3 4.5 4.0 3.1 2.9 3.3 3.1 3.3 Specialized transit/transportation 2.9 2.4 2.7 2.3 2.3 3.4 2.5 2.5 2.6 2.6 Commuter assistance 1.4 1.7 1.4 1.8 3.0 1.7 1.8 1.6 1.6 1.8 Motorist assistance 0.8 0.9 0.8 0.7 0.7 0.9 0.9 1.2 0.9 0.7 Capital project development and delivery 16.0 15.5 15.8 15.8 13.7 15.2 13.9 12.3 11.9 14.2 Total full-time equivalents 46.0 48.0 47.0 46.0 46.0 44.0 41.0 40.0 38.0 37.0 Source: Finance Department 128 RIVERSIDE COUNTY TRANSPORTATION COMMISSION Toll operations: Gross trips Gross potential revenue Average gross potential revenue per trip Commuter rail operations: Growth of average daily ridership on commuter lines: Riverside line IEOC line 91 line Farebox recovery ratio: Riverside line IEOC line 91 line Specialized transit/transportation: Specialized transit grants awarded Commuter assistance: Rideshare Incentive members Rideshare Plus Rewards members Rideshare pledges Rideguides produced Van Club vanpools Commuter Exchange events Motorist assistance: Call boxes Calls made from call boxes Contracted Freeway Service Patrol vehicles Assists by Freeway Service Patrol 1E511 web visits 1E511 call volumes Transportation Uniform Mitigation Fee program: Approved regional arterial projects Measure A program: Highways Commuter rail Regional arterials Local streets and roads Specialized transit and commuter assistance Total program expenditures Source: Commission Departments Riverside County Transportation Commission Operating Indicators Last Ten Fiscal Years As of June 30 2019 2018 37,900,658 36,103,819 $ 140,085,903 $ 115,287,156 $ 3.78 $ 3.30 3,868 4,656 3,293 43.0% 27.5% 24.1 % 18 526 917 7,836 6,246 67 N/A 231 1,384 26 44,607 213,689 114,045 23 $ 148,387,823 13,218,370 12,533,037 61,470,359 16,708,843 3,863 4,874 3,109 45.4% 29.2% 26.5% 16 573 1,114 5,959 4,606 31 N/A 241 1,598 20 41,417 408,021 142,287 20 $ 180,565,301 14,118,997 6,158,736 53,639,698 15,197,859 2017 4,049,067 $ 9,618,429 $ 2.38 4,050 4,900 3,258 47.2% 31.8% 26.5% 17 505 792 4,886 5,219 N/A N/A 240 2,161 20 40,180 618,130 201,099 20 $ 250,360,723 8,528,984 14,739,703 51,864,011 13,826,624 2016 4,404 4,438 2,610 45.7% 33.4% 27.7% 17 597 1,142 4,249 8,607 N/A N/A 545 3,053 21 36,711 473,462 233,895 24 2015 4,651 4,613 2,419 49.6% 32.6% 38.6% 20 736 3,723 11,180 6,527 N/A 48 549 3,882 21 42,471 452,713 263,757 24 $ 372,657,029 $ 325,128,109 75,831,961 98,302,229 17,090,247 5,012,254 49,826,564 48,615,815 14,499,642 14,063,310 $ 252,318,432 $ 269,680,591 $ 339,320,045 $ 529,905,443 $ 491,121,717 130 Riverside County Transportation Commission Operating Indicators, Continued Last Ten Fiscal Years As of June 30 2014 2013 2012 2011 2010 Toll operations: Gross trips Gross potential revenue Average gross potential revenue per trip Commuter rail operations: Growth of average daily ridership on commuter lines: Riverside line 4,715 4,911 5,279 5,177 5,124 IEOC line 4,522 4,317 4,142 3,855 4,011 91line 2,340 2,407 2,254 2,289 2,205 Farebox recovery ratio: Riverside line 50.9% 57.0% 58.5% 59.8% 52.5% IEOC line 37.6% 34.9% 31.3% 31.1% 28.3% 91line 51.3% 42.2% 49.7% 54.6% 49.3% Specialized transit/transportation: Specialized transit grants awarded 22 22 21 22 22 Commuter assistance: Rideshare Incentive members 1,106 926 1,056 1,061 1,131 Rideshare Plus Rewards members 5,770 6,786 4,848 5,518 7,080 Rideshare pledges 11,661 12,765 11,635 11,189 11,383 Rideguides produced 10,059 14,813 15,628 29,052 43,319 Van Club vanpools N/A N/A N/A N/A N/A Commuter Exchange events 54 55 52 52 50 Motorist assistance: Call boxes 570 580 594 613 614 Calls made from call boxes 4,685 5,337 5,043 5,251 5,934 Contracted Freeway Service Patrol vehicles 21 21 21 22 22 Assists by Freeway Service Patrol 44,278 43,633 42,748 45,751 48,312 1E511 web visits 443,359 399,730 341,716 244,277 N/A 1E511 call volumes 306,108 351,161 362,957 489,036 N/A Transportation Uniform Mitigation Fee program: Approved regional arterial projects 24 24 24 24 24 Measure A program: Highways $ 299,398,122 $ 118,750,336 $ 111,049,502 $ 75,011,698 $ 45,698,211 Commuter rail 56,148,017 15,895,661 19,690,126 22,632,065 20,312,056 Regional arterials 1,441 1,787 124 8,638,637 11,920,846 Local streets and roads 46,677,580 44,594,891 40,127,890 36,856,925 34,258,313 Specialized transit and commuter assistance 13,378,223 11,927,634 11,930,437 11,262,588 10,161,780 Total program expenditures $ 415,603,383 $ 191,170,309 $ 182,798,079 $ 154,401,913 $ 122,351,206 Source: Commission Departments 131 Riverside County Transportation Commission Capital Asset Statistics by Program Last Ten Fiscal Years As of June 30 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 Commuter rail: Transit centers owned and managed 1 1 1 1 1 1 1 1 Commuter rail stations owned and managed 9 9 9 9 5 5 5 5 5 5 Miles of commuter rail easements 104.6 104.6 104.6 104.6 104.6 104.6 104.6 104.6 104.6 104.6 Commuter Assistance: Commuter Exchange Vehicle Toll operations: Storage and maintenance building 1 1 1 Customer service center 1 Toll utility buildings 3 3 3 Regional operations center buildings 2 2 2 Miles of express lanes 36 36 36 Toll collection system 1 1 1 On -road closed circuit TV cameras 36 36 36 Traffic operations center system 1 1 1 Communications network 1 1 1 Changeable message signs 8 8 8 Source: Commission Departments 132 RIVERSIDE COUNTY TRANSPORTATION COMMISSION Riverside County Transportation Commission (951) 787-7141 • www.rctc.org 4080 Lemon Street, 3rd Floor P.O. Box 12008 • Riverside, CA 92502-2208 ATTACHMENT 2 Local Transportation Fund of the County of Riverside, as Administered by the Riverside County Transportation Commission Financial and Compliance Reports Year Ended June 30, 2019 Certified Public Accountants Contents Independent Auditor's Report 1-2 Financial Statements Balance Sheet 3 Statement of Revenues, Expenditures and Change in Fund Balance 4 Notes to Financial Statements 5-7 Supplementary Information Schedule of Allocations and Disbursements Schedule of Unclaimed Apportionments (Article 3) Schedule of Unclaimed Apportionments (Articles 4 and 8) Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards 8 9 10 11-12 11 Certified Public Accountants Independent Auditor's Report Board of Commissioners Riverside County Transportation Commission Riverside, California Report on the Financial Statements We have audited the accompanying financial statements of the Local Transportation Fund (the Fund) of the County of Riverside, California, as administered by the Riverside County Transportation Commission (the Commission), as of and for the year ended June 30, 2019, and the related notes to the financial statements, which collectively comprise the Fund's financial statements as listed in the table of contents. Management's Responsibility for the Financial Statements Commission management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Commission's preparation and fair presentation of the Fund's financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Commission's internal control related to the Fund. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by Commission management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the Fund of the County of Riverside, California, as administered by the Commission, as of June 30, 2019 and the respective changes in financial position for the year then ended, in accordance with accounting principles generally accepted in the United States of America. Macias Gini & O'Connell LLP 4675 MacArthur Court, Suite 600 Newport Beach, CA 92660 1 12 www.mgocpa.com Emphasis of Matter As discussed in Note 1 to the financial statements, the financial statements present only the Fund and do not purport to, and do not, present fairly the financial position of the Commission or the County of Riverside, California, as of June 30, 2019 and the changes in financial position for the year then ended, in accordance with accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to this matter. Other Matters Required Supplementary Information Management has omitted management's discussion and analysis that accounting principles generally accepted in the United States of America require to be presented to supplement the financial statements. Such missing information, although not a part of the financial statements, is required by the Governmental Accounting Standards Board, which considers it to be an essential part of financial reporting for placing the financial statements in an appropriate operational, economic or historical context. Our opinion on the financial statements is not affected by this missing information. Other Information Our audit was conducted for the purpose of forming an opinion on the financial statements that collectively comprise the Fund's financial statements. The schedules listed in the table of contents as supplementary information are presented for purposes of additional analysis and are not a required part of the financial statements. The supplementary information is the responsibility of Commission management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. Such information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the supplementary information is fairly stated, in all material respects, in relation to the financial statements as a whole. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated October 31, 2019 on our consideration of the Commission's internal control over the Fund's financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Commission's internal control over financial reporting or on compliance related to the Fund. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Commission's internal control over the Fund's financial reporting and compliance. tlaciois grki C�O P�( 7_5) Newport Beach, California October 31, 2019 2 13 Local Transportation Fund of the County of Riverside, as Administered by the Riverside County Transportation Commission Balance Sheet June 30, 2019 Assets Cash and investments in Riverside County Pooled Investment Fund Accounts receivable Advances receivable Interest receivable Total assets Liabilities and Fund Balance $ 53,288,888 17,432,233 22, 000, 000 357,297 $ 93,078,418 Liabilities: Accounts payable Due to other Commission funds Total liabilities $ 911,265 625,800 1,537,065 Restricted: Unapportioned Local Transportation Funds 17,982,698 Rail and bus transit and local streets and roads apportionments 66,083,778 Bicycle and pedestrian projects 7,474,877 Total fund balance 91,541,353 Total liabilities and fund balance $ 93,078,418 See Notes to Financial Statements. 3 14 Local Transportation Fund of the County of Riverside, as Administered by the Riverside County Transportation Commission Statement of Revenues, Expenditures and Change in Fund Balance Year Ended June 30, 2019 Revenues: Sales taxes $ 103,819,440 Interest 2,118,450 Total revenues 105,937,890 Expenditures: Bicycle and pedestrian projects 2,319,895 Transit 117,831,796 Planning, programming, and administration 4,680,700 Total expenditures 124,832,391 Net change in fund balance (18,894,501) Fund balance, beginning of year 110,435,854 Fund balance, end of year $ 91,541,353 See Notes to Financial Statements. 4 15 Local Transportation Fund of the County of Riverside, as Administered by the Riverside County Transportation Commission Notes to Financial Statements June 30, 2019 Note 1. Nature of Operations and Significant Accounting Policies The Riverside County Transportation Commission (the Commission), in its capacity as the transportation planning agency for the County of Riverside, California (the County), is responsible for administering funds provided through the Local Transportation Fund (the Fund), which was created in accordance with the provisions of the Transportation Development Act of 1971. The significant revenue to the Fund is derived from 0.25 percent of the 8.25 percent statewide sales tax collected in the County by the State Board of Equalization (State). The accounting policies of the Fund, a special revenue fund of the Commission, conform to accounting principles generally accepted in the United States as applicable to governmental units. Presentation: The accompanying financial statements of the Fund are intended to present the financial position and the changes in financial position of only that portion of the governmental activities of the Commission that is attributable to the transactions of the Fund of the Commission. They do not purport to, and do not, present fairly the financial position of the Commission or the County as of June 30, 2019 and the related changes in its financial position for the year then ended, in conformity with accounting principles generally accepted in the United States of America. Basis of accounting: In accordance with the requirements for governmental funds, the modified accrual basis of accounting is followed in the Fund. Under the modified accrual basis of accounting, expenditures are recorded when they are expected to be liquidated with expendable available resources, and revenue is recorded when it becomes both measurable and available. "Measurable" means the amount of the transaction can be determined, and "available" means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. For this purpose, the Commission considers revenues to be available if they are collected within 180 days of the end of the current fiscal period. Those revenues susceptible to accrual include sales taxes collected and held by the State at year-end on behalf of the Commission and interest revenue. Funding: There is a three -step process for obtaining funds from the Fund: apportionment, allocation and payment. Annually, the Commission determines each area's share of the anticipated Fund. This share is the area apportionment. Once funds are apportioned to a given area, they are typically available only for allocation to claimants in that area. Allocation is the discretionary action by the Commission that designates funds for a specific claimant for a specific purpose. Payment is authorized by disbursement instructions issued by the Commission. Cash: It is the Commission's policy to deposit all funds received in the Riverside County Pooled Investment Fund (RCPIF), as legally required, until the funds are required for disbursement. Interest income is earned while these funds are deposited. Accounts receivable: Accounts receivable consist primarily of Fund sales tax revenues from the State on all taxable sales within the County of Riverside, California through June 30, 2019. Due from other governments: Due from other governments consists of Commission approved short-term non -interest bearing advances to other governments. Accounts payable: Accounts payable consist primarily of claims approved by the Commission, but not paid by the Commission, to the appropriate transit operators by June 30, 2019. 5 16 Local Transportation Fund of the County of Riverside, as Administered by the Riverside County Transportation Commission Notes to Financial Statements June 30, 2019 Note 1. Nature of Operations and Significant Accounting Policies (Continued) Fund balance restrictions: The Fund reports restricted fund balances to show the level of constraint governing the use of the funds as set forth by enabling State legislation. Expenditures: Expenditures represent disbursements to the Commission, Southern California Association of Governments, cities, the County of Riverside and transit operators that have met the claimant eligibility requirements to receive Fund allocations that are approved by the Commission, per various Public Utilities Code Sections. All disbursements are to be used for transportation purposes. Note 2. Cash and Investments with County Treasurer The funds in the RCPIF are pooled with those of other entities and invested in accordance with the County's investment policy. These pooled funds are carried at fair value. Investments in U.S.Treasury, federal agency, mortgage and asset -backed, municipal, corporate, negotiable certificates of deposit, and commercial paper securities are carried at fair value based on quoted market prices. Money market mutual funds are carried at fair value based on each fund's share price. The pooled funds are not subject to level 1, 2 or 3 of the fair value hierarchy prescribed by Governmental Accounting Standards Board Statement No. 72, Fair Value Measurement and Application. An Investment Oversight Committee has been established by the County, which acts as a regulator of the pool. As of June 30, 2019, the Commission had $53,288,888 invested in the RCPIF, with an average maturity of 387 days. Additional information on investment types, fair value measurement and credit risk of the RCPIF may be obtained from the County of Riverside Treasurer -Tax Collector located at 4080 Lemon Street, 4t'' Floor, Riverside, California 92502 or by visiting the Treasurer -Tax Collector website at www.countytreasurer.org. Interest rate risk: While the Commission does not have a formal policy related to the interest rate risk of investments, the Commission's investment policy follows the California Government Code as it relates to limits on investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates. Credit risk: As of June 30, 2019 the Commission's investment in the RCPIF was rated Aaa/bf by Moody's Investors Service and AAAf/S1 by Fitch Ratings. The Commission's investment policy only requires credit quality ratings for repurchase agreements, U.S. corporate debt, commercial paper, bankers' acceptances, and certificates of deposit. 6 17 Local Transportation Fund of the County of Riverside, as Administered by the Riverside County Transportation Commission Notes to Financial Statements June 30, 2019 Note 3. Fund Balance The restricted fund balance represents the apportionments related to transit programs by geographic area, bicycle and pedestrian projects, planning and programming, and unapportioned Local Transportation Funds. For Western County transit programs, commuter rail and bus allocations are in accordance with the Commission's policy. At June 30, 2019, amounts in fund balance are restricted as follows: Rail and bus transit and local streets and roads apportionments: Western County: Commuter rail: Allocated and unclaimed Apportioned and unallocated Bus transit: Allocated and unclaimed —City of Beaumont Allocated and unclaimed —Riverside Transit Agency Apportioned and unallocated Total rail and bus transit —Western County Coachella Valley: Allocated and unclaimed Apportioned and unallocated Total bus transit —Coachella Valley Palo Verde Valley: Allocated and unclaimed —Transit Apportioned and unallocated for transit and local streets and roads Total bus transit and local streets and roads —Palo Verde Valley Total for rail and bus transit and local streets and roads apportionments $ 2,000,000 6,402,854 4,362 3,126, 866 46, 975, 393 58,509,475 2,934,027 3,474, 099 6,408,126 281,141 885,036 1,166,177 $ 66, 083, 778 Bicycle and pedestrian projects: Allocated and unclaimed $ 3,748,229 Unallocated 3,726,648 Total for bicycle and pedestrian projects $ 7,474,877 Unapportioned Local Transportation Funds $ 17,982,698 Total fund balance $ 91,541,353 7 18 Supplementary Information 19 Local Transportation Fund of the County of Riverside, as Administered by the Riverside County Transportation Commission Schedule of Allocations and Disbursements Year Ended June 30, 2019 Article 3 Planning, Programming SB 821 Article 3 Article 4 and Administrative Totals Allocations Disbursements Expirations Allocations Disbursements Allocations Disbursements Allocations Disbursements Expirations Unclaimed Amount Expenditures: City of Banning $ - $ - $ $ 1,417,294 $ 1,417,294 $ - $ $ 1,417,294 $ 1,417,294 $ - $ City of Beaumont 2,402,209 2,402,209 2,402,209 2,402,209 City of Coachella 2,200,000 2,200,000 2,200,000 City of Corona 1,678,611 1,678,611 1,678,611 1,678,611 City of Desert Hot Springs 293,000 293,000 - 293,000 293,000 City of Eastvale 262,200 138,500 262,200 138,500 123,700 City of Indio 306,148 217,400 306,148 217,400 88,748 City of Jurupa Valley 53,550 53,550 53,550 53,550 - City of Lake Elsinore 749,015 180,021 (2,013) 749,015 180,021 (2,013) 566,981 City of La Quinta 199,500 160,106 (39,394) 199,500 160,106 (39,394) City of Moreno Valley 49,000 48,991 (9) 49,000 48,991 (9) City of Palm Desert 85,000 - 85,000 85,000 City of Palm Springs 234,925 234,924 (1) - 234,925 234,924 (1) City of Riverside 3,673,407 3,673,407 3,673,407 3,673,407 City of San Jacinto 40,000 (40,000) - 40,000 (40,000) City of Temecula 132,300 132,300 - 132,300 City of Wildomar 710,000 663,403 (46,597) 710,000 663,403 (46,597) County of Riverside: Auditor/Controller - 12,000 12,000 12,000 12,000 Road Department 881,500 330,000 - 881,500 330,000 551,500 Palo Verde Valley Transit Agency - 953,258 953,258 - 953,258 953,258 Commission 21,148,500 21,148,500 3,884,700 3,884,700 25,033,200 25,033,200 Riverside Transit Agency - 65,199,572 65,199,572 65,199,572 65,199,572 SCAG - 784,000 784,000 784,000 784,000 Sunline Transit Agency 24,210,834 21,358,945 - 24,210,834 21,358,945 2,851,889 $ 6,196,138 $ 2,319,895 $ (128,014) $ 120,683,685 $ 117,831,796 $ 4,680,700 $ 4,680,700 $ 131,560,523 $ 124,832,391 $ (128,014) $ 6,600,118 8 20 Local Transportation Fund of the County of Riverside, as Administered by the Riverside County Transportation Commission Schedule of Unclaimed Apportionments (Article 3) Year Ended June 30, 2019 Unclaimed Unclaimed Apportionment Interest Apportionment July 1, 2018 Apportionment Disbursements Allocations June 30, 2019 Bicycle and pedestrian projects $ 7,565,006 $ 1,988,000 $ 2,319,895 $ 241,766 $ 7,474,877 Local Transportation Fund of the County of Riverside, as Administered by the Riverside County Transportation Commission Schedule of Unclaimed Apportionments (Articles 4 and 8) Year Ended June 30, 2019 Fiscal Year 2018/19 Prior Fiscal Year Apportionment Amounts Claimed Unclaimed Amounts Apportionment Apportionment Claimed Unclaimed Apportionment Total Unclaimed Interest Apportionment Allocation June 30, 2019 Western County: Rail $ 15,359,000 $ 21,148,500 $ (5,789,500) $ 13,985,261 $ - $ 13,985,261 $ 207,093 $ 8,402,854 Bus 54,454,000 52,273,483 2,180,517 68,504,208 22,097,610 46,406,598 1,519,506 50,106,621 Coachella Valley 16,923,000 21,335,255 (4,412,255) 10,731,705 23,690 10,708,015 112,366 6,408,126 Palo Verde Valley: Transit 948,000 953,258 (5,258) 861,668 - 861,668 28,626 885,036 Unallocated 272,048 - 272,048 9,093 281,141 Total transportation 87,684,000 95,710,496 (8,026,496) 94,354,890 22,121,300 72,233,590 1,876,684 66,083,778 Auditor/Controller 12,000 12,000 - - - Commission administration 749,700 749,700 Commission planning 3,135,000 3,135,000 - - SCAG planning 784,000 784,000 Total administration and planning 4,680,700 4,680,700 - - - - Total apportionments $ 92,364,700 $ 100,391,196 $ (8,026,496) $ 94,354,890 $ 22,121,300 $ 72,233,590 $ 1,876,684 $ 66,083,778 10 22 Certified Public Accountants Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards Board of Commissioners Riverside County Transportation Commission Riverside, California We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, the financial statements of the Local Transportation Fund (the Fund) of the County of Riverside, California, as administered by the Riverside County Transportation Commission (the Commission), as of and for the year ended June 30, 2019, and the related notes to the financial statements, and have issued our report thereon dated October 31, 2019. Our report includes an emphasis of matter paragraph indicating that the financial statements present only the Fund and do not purport to, and do not, present fairly the financial position of the Commission or the County of Riverside, California, as of June 30, 2019, and the changes in its financial position for the year ended in accordance with accounting principles generally accepted in the United States of America. Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered the Commission's internal control over the Fund's financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Commission's internal control related to the Fund. Accordingly, we do not express an opinion on the effectiveness of the Commission's internal control related to the Fund. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the Fund's financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit, we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. Macias Gini & O'Connell LLP 4675 MacArthur Court, Suite 600 Newport Beach, CA 92660 11 23 www.mgocpa.com Compliance and Other Matters As part of obtaining reasonable assurance about whether the Fund's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Commission's internal control or on compliance as it relates to the Fund. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Commission's internal control and compliance related to the Fund. Accordingly, this communication is not suitable for any other purpose. del o4S ��! Onniteff Z5) i Newport Beach, California October 31, 2019 12 24 ATTACHMENT 3 State Transit Assistance Fund of the County of Riverside, as Administered by the Riverside County Transportation Commission Financial and Compliance Reports Year Ended June 30, 2019 Certified Public Accountants Contents Independent Auditor's Report 1-2 Financial Statements Balance Sheet Statement of Revenues, Expenditures and Change in Fund Balance Notes to Financial Statements 3 4 5-7 Supplementary Information Schedule of Allocations and Disbursements Approved During the Year 8 Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards 9-10 26 Certified Public Accountants Independent Auditor's Report Board of Commissioners Riverside County Transportation Commission Riverside, California Report on the Financial Statements We have audited the accompanying financial statements of the State Transit Assistance Fund (the Fund) of the County of Riverside, California, as administered by the Riverside County Transportation Commission (the Commission), as of and for the year ended June 30, 2019, and the related notes to the financial statements, which collectively comprise the Fund's financial statements as listed in the table of contents. Management's Responsibility for the Financial Statements Commission management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Commission's preparation and fair presentation of the Fund's financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Commission's internal control related to the Fund. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by Commission management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the Fund of the County of Riverside, California, as administered by the Commission, as of June 30, 2019, and the respective changes in financial position for the year then ended, in accordance with accounting principles generally accepted in the United States of America. Macias Gini & O'Connell LLP 4675 MacArthur Court, Suite 600 Newport Beach, CA 92660 1 27 www.mgocpa.com Emphasis of Matter As discussed in Note 1, the financial statements present only the Fund and do not purport to, and do not, present fairly the financial position of the Commission or the County of Riverside, California, as of June 30, 2019, and the changes in financial position for the year then ended, in accordance with accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to this matter. Other Matters Required Supplementary Information Management has omitted the management's discussion and analysis that accounting principles generally accepted in the United States of America require to be presented to supplement the financial statements. Such missing information, although not a part of the financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the financial statements in an appropriate operational, economic or historical context. Our opinion on the financial statements is not affected by this missing information. Other Information Our audit was conducted for the purpose of forming an opinion on the financial statements that collectively comprise the Fund's financial statements. The schedule listed in the table of contents as supplementary information is presented for purposes of additional analysis and is not a required part of the financial statements. The supplementary information is the responsibility of Commission management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. Such information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the supplementary information is fairly stated, in all material respects, in relation to the financial statements as a whole. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated October 31, 2019 on our consideration of the Commission's internal control over the Fund's financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Commission's internal control over financial reporting or on compliance related to the Fund. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Commission's internal control over the Fund's financial reporting and compliance. itfoid.cs gikt Onmeff i Newport Beach, California October 31, 2019 2 28 State Transit Assistance Fund of the County of Riverside, as Administered by the Riverside County Transportation Commission Balance Sheet June 30, 2019 Assets Cash and investments Accounts receivable Interest receivable Total assets Liabilities and Fund Balance $ 101,048,031 6,246,524 566,923 $ 107,861,478 Liabilities Accounts payable Due to other Commission funds Total liabilities Fund Balance Restricted allocations available for programming Restricted for unclaimed allocations Total fund balance Total liabilities and fund balance See Notes to Financial Statements. $ 337,867 54,200 392,067 56,455,665 51, 013, 746 107,469,411 $ 107, 861,478 3 29 State Transit Assistance Fund of the County of Riverside, as Administered by the Riverside County Transportation Commission Statement of Revenues, Expenditures and Change in Fund Balance Year Ended June 30, 2019 Revenues: Sales taxes $ 23,497,584 Interest 2,866,174 Total revenues 26,363,758 Expenditures: Transit 6,886,988 Excess of revenues over (under) expenditures 19,476,770 Other financing sources (uses): Transfers to the Commission Total other financing sources (uses) (150, 700) (150, 700) Net change in fund balance 19,326,070 Fund balance, beginning of year 88,143,341 Fund balance, end of year $ 107,469,411 See Notes to Financial Statements. 4 30 State Transit Assistance Fund of the County of Riverside as Administered by the Riverside County Transportation Commission Notes to Financial Statements June 30, 2019 Note 1. Nature of Operations and Significant Accounting Policies The Riverside County Transportation Commission (the Commission), in its capacity as the transportation planning agency for the County of Riverside, California (the County), is responsible for administering funds provided through the State Transit Assistance Program, which was created in 1979 under Chapter 161 (SB 620) of the California statutes to provide a second source of Transportation Development Act funding for the development of transit systems. The funds are derived from fuel sales tax revenue and are budgeted through legislation and appropriated to the State Controller's Office (the State) for allocation to local agencies. The accounting policies of the State Transit Assistance Fund (the Fund), a special revenue fund of the Commission, conform to accounting principles generally accepted in the United States as applicable to governmental units. A summary of the Commission's significant accounting policies is as follows: Presentation: The accompanying financial statements of the Fund are intended to present the financial position and the changes in financial position of only that portion of the governmental activities of the Commission that is attributable to the transactions of the Fund of the Commission. They do not purport to, and do not, present fairly the financial position of the Commission or the County as of June 30, 2019 and the related changes in its financial position for the year then ended, in conformity with accounting principles generally accepted in the United States of America. Basis of accounting: In accordance with the requirements for governmental funds, the modified accrual basis of accounting and current resources measurement focus is followed in the Fund. Under this method of accounting, expenditures are recorded when they are expected to be liquidated with expendable available resources, and revenue is recorded when it becomes both measurable and available. "Measurable" means the amount of the transaction can be determined, and "available" means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. For this purpose, the Commission considers revenues to be available if they are collected within 180 days of the end of the fiscal year. Those revenues susceptible to accrual include fuel sales tax revenue and interest revenue. Allocations to local agencies: State transit assistance funds are allocated to the operators within the County. Public Utilities Code (PUC) Section 99313 allocates funds to regional transportation planning agencies based on the ratio of area population to state population. PUC Section 99314 allocates funds to public operators based on their share of fares and local support to other operators in the state. The allocations must be made in a resolution adopted by the Commission. Cash and investments: It is the Commission's policy to deposit all funds received in the Riverside County Pooled Investment Fund (RCPIF) or US Bank for investment until the funds are required for disbursement. Interest income is earned while these funds are deposited. Accounts receivable: Accounts receivable consist primarily of fuel sales tax revenues from the State of California not received as of June 30, 2019. 5 31 State Transit Assistance Fund of the County of Riverside as Administered by the Riverside County Transportation Commission Notes to Financial Statements June 30, 2019 Note 1. Nature of Operations and Significant Accounting Policies (Continued) Fund balance restrictions: The Fund reports restricted fund balances to show the level of constraint governing the use of the funds as set forth by enabling State legislation. The restricted fund balance for allocations available for programming represents amounts apportioned but not allocated to claimants. The restricted fund balance for unclaimed allocations represents amounts allocated by the Commission and due to claimants but not yet paid, as claimants have not yet provided the appropriate claim documentation to the Commission as of June 30, 2019. Accounts payable: Accounts payable consist primarily of claims approved by the Commission, but not paid by the Commission, to the appropriate transit operators by June 30, 2019. Expenditures: Expenditures represent funds disbursed to transit operators that have met the eligibility requirements to receive State Transit Assistance Program funds per PUC Sections 99313 and 99314. All disbursements are to be used for transit purposes. Note 2. Cash and Investments Cash and investments at June 30, 2019 consist of the following: Cash and investments with RCPIF Commission operating investment pool Cash in bank $ 90, 300,136 10, 622, 693 125,202 $ 101,048,031 The funds in the RCPIF are pooled with those of other entities in the RCPIF and invested in accordance with the County's investment policy. The funds with the custodian are pooled with those of other Commission operating funds and invested in accordance with the Commission's investment policy. These pooled funds are carried at fair value. Investments in U.S.Treasury, federal agency, mortgage and asset - backed, municipal, corporate, negotiable certificates of deposit, and commercial paper securities are carried at fair value based on quoted market prices. Money market mutual funds are carried at fair value based on each fund's share price. The pooled funds are not subject to level 1, 2 or 3 of the fair value hierarchy prescribed by Governmental Accounting Standards Board Statement No. 72, Fair Value Measurement and Application. The Commission is a voluntary participant in the RCPIF. An Investment Oversight Committee has been established by the County, which acts as a regulator of the RCPIF. As of June 30, 2019, the Fund had $90,300,136 invested in the RCPIF, with a weighted average maturity of 387 days, and $10,622,693 invested in the Commission operating investment pool. Additional information on investment types, fair value measurement and credit risk of the RCPIF and the Commission operating investment pool may be obtained from the County of Riverside Treasurer -Tax Collector located at 4080 Lemon Street, 4th Floor, Riverside, California 92502 or by visiting the Treasurer -Tax Collector website at www.countvtreasurer.org. and the notes to the Commission's basic financial statements included in the Commission's Comprehensive Annual Financial Report, respectively. Interest rate risk: While the Commission does not have a formal policy related to the interest rate risk of investments, the Commission's investment policy follows the California Government Code as it relates to limits on investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates. 6 32 State Transit Assistance Fund of the County of Riverside as Administered by the Riverside County Transportation Commission Notes to Financial Statements June 30, 2019 Note 2. Cash and Investments (Continued) Credit risk: As of June 30, 2019 the Commission's investment in the RCPIF was rated Aaa/bf by Moody's Investors Service and AAAf/S1 by Fitch Ratings. The Commission's investment policy only requires credit quality ratings for repurchase agreements, U.S. corporate debt, commercial paper, bankers' acceptances, and certificates of deposit. Note 3. Fund Balance At June 30, 2019, amounts are restricted for apportioned and unallocated amounts and for unpaid allocations by geographic area. For Western County transit programs, commuter rail and bus allocations are in accordance with the Commission's policy. Restricted for allocations available for programming: Western County: Commuter rail $ 21,711,244 Bus 31,541,015 Coachella Valley: Commuter rail 52,084 Bus 2,979,946 Palo Verde Valley 171,376 56,455,665 Restricted for unclaimed allocations: Western County: Commuter rail 6,133,183 City of Banning 799,506 City of Beaumont 1,458,221 City of Corona 898,069 City of Riverside 278,030 Riverside Transit Agency 26,868,008 Coachella Valley: SunLine Transit Agency 14,492,959 Rail 9,262 Palo Verde Valley: Palo Verde Valley Transit Agency 76,508 51, 013, 746 Total fund balance $ 107,469,411 7 33 Supplementary Information 34 State Transit Assistance Fund of the County of Riverside, as Administered by the Riverside County Transportation Commission Schedule of Allocations and Disbursements Approved During the Year Year Ended June 30, 2019 California Code of Regulations Current Year Amount Section No. Recipient Allocation Disbursed Reference Western County: City of Banning $ 475,000 $ 6731 City of Beaumont 475,000 710,210 6731 City of Corona 300,000 703,517 6731 City of Riverside 6731 Riverside Transit Agency 22,333,923 1,559,458 6730 Total Western County 23,583,923 2,973,185 Coachella Valley: SunLine Transit Agency 3,783,879 3,385,433 6730 Rail Program 350,000 350,000 6730 Total Coachella Valley 4,133,879 3,735,433 Palo Verde Valley Transit Agency 189,000 161,561 6730 Other - 16,809 $ 27, 906, 802 $ 6,886,988 8 35 Certified Public Accountants Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards Board of Commissioners Riverside County Transportation Commission Riverside, California We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the State Transit Assistance Fund (the Fund) of the County of Riverside, California, as administered by the Riverside County Transportation Commission (the Commission), as of and for the year ended June 30, 2019, and the related notes to the financial statements, and have issued our report thereon dated October 31, 2019. Our report includes an emphasis of matter paragraph indicating that the financial statements present only the Fund and do not purport to, and do not, present fairly the financial position of the Commission or the County of Riverside, California, as of June 30, 2019, and the changes in its financial position for the year ended in accordance with accounting principles generally accepted in the United States of America. Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered the Commission's internal control over the Fund's financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of Commission's internal control related to the Fund. Accordingly, we do not express an opinion on the effectiveness of Commission's internal control related to the Fund. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the Fund's financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. Compliance and Other Matters As part of obtaining reasonable assurance about whether the Fund's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Macias Gini & O'Connell LLP 4675 MacArthur Court, Suite 600 Newport Beach, CA 92660 9 36 www.mgocpa.com Purpose of This Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Commission's internal control or on compliance as it relates to the Fund. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Commission's internal control and compliance related to the Fund. Accordingly, this communication is not suitable for any other purpose. /Y0&dais giki ( onmeff /1Y Newport Beach, California October 31, 2019 10 37 ATTACHMENT 4 State of Good Repair Fund of the County of Riverside, as Administered by the Riverside County Transportation Commission Financial and Compliance Reports Year Ended June 30, 2019 Certified Public Accountants Contents Independent Auditor's Report 1-2 Financial Statements Balance Sheet Statement of Revenues, Expenditures and Change in Fund Balance Notes to Financial Statements 3 4 5-7 Supplementary Information Schedule of Allocations and Disbursements Approved During the Year 8 Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards 9-10 39 Certified Public Accountants Independent Auditor's Report Board of Commissioners Riverside County Transportation Commission Riverside, California Report on the Financial Statements We have audited the accompanying financial statements of the State of Good Repair Fund (the Fund) of the County of Riverside, as administered by the Riverside County Transportation Commission (the Commission), as of and for the year ended June 30, 2019, and the related notes to the financial statements, which collectively comprise the Fund's financial statements as listed in the table of contents. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Commission's preparation and fair presentation of the Fund's financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Commission's internal control related to the Fund. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the Fund of the County of Riverside, California, as administered by the Commission, as of June 30, 2019, and the respective changes in financial position for the year then ended, in accordance with accounting principles generally accepted in the United States of America. Macias Gini & O'Connell LLP 4675 MacArthur Court, Suite 600 Newport Beach, CA 92660 1 40 www.mgocpa.com Emphasis of Matter As discussed in Note 1, the financial statements present only the Fund and do not purport to, and do not, present fairly the financial position of the Commission or the County of Riverside, California, as of June 30, 2019, and the changes in financial position for the year then ended, in accordance with accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to this matter. Other Matters Required Supplementary Information Management has omitted the management's discussion and analysis that accounting principles generally accepted in the United States of America require to be presented to supplement the financial statements. Such missing information, although not a part of the financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the financial statements in an appropriate operational, economic or historical context. Our opinion on the financial statements is not affected by this missing information. Other Information Our audit was conducted for the purpose of forming an opinion on the financial statements that collectively comprise the Fund's financial statements. The schedule listed in the table of contents as supplementary information is presented for purposes of additional analysis and is not a required part of the financial statements. The supplementary information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. Such information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the supplementary information is fairly stated, in all material respects, in relation to the financial statements as a whole. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated October 31, 2019 on our consideration of the Commission's internal control over the Fund's financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Commission's internal control over financial reporting or on compliance related to the Fund. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Commission's internal control over the Fund's financial reporting and compliance. itfoid.cs gikt Onmeff i Newport Beach, California October 31, 2019 2 41 State of Good Repair Fund of the County of Riverside, as Administered by the Riverside County Transportation Commission Balance Sheet June 30, 2019 Assets Cash and investments Accounts receivable Interest receivable Total assets Liabilities and Fund Balance $ 6,812,002 617,249 37,347 $ 7,466,598 Liabilities Accounts payable Due to other Commission funds Total liabilities Fund Balance Restricted allocations available for programming Restricted for unclaimed allocations Total fund balance Total liabilities and fund balance See Notes to Financial Statements. $ 28,158 757,884 786,042 138,576 6,541,980 6,680,556 $ 7,466,598 3 42 State of Good Repair Fund of the County of Riverside, as Administered by the Riverside County Transportation Commission Statement of Revenues, Expenditures and Change in Fund Balance Year Ended June 30, 2019 Revenues: Sales taxes $ 3,704,206 Interest 142,202 Total revenues 3,846,408 Expenditures: Transit 859,444 Excess of revenues over (under) expenditures 2,986,964 Other financing sources (uses): Transfers to the Commission Total other financing sources (uses) (5,800) (5,800) Net change in fund balance 2,981,164 Fund balance, beginning of year 3,699,392 Fund balance, end of year $ 6,680,556 See Notes to Financial Statements. 4 43 State of Good Repair Fund of the County of Riverside as Administered by the Riverside County Transportation Commission Notes to Financial Statements June 30, 2019 Note 1. Nature of Operations and Significant Accounting Policies The Riverside County Transportation Commission (the Commission), in its capacity as the transportation planning agency for the County of Riverside, California (the County), is responsible for administering funds provided through the State of Good Repair Program, which was created in 2017 under Chapter 5, (SB 1) of the California statutes to provide additional revenues for transit infrastructure repair and service improvements. The funds are derived from fuel sales tax and vehicle fee revenues and are budgeted through legislation and appropriated to the State Controller's Office (the State) for allocation to local agencies based on the State Transit Assistance formula. The accounting policies of the State of Good Repair Fund (the Fund), a special revenue fund of the Commission, conform to accounting principles generally accepted in the United States as applicable to governmental units. A summary of the Commission's significant accounting policies is as follows: Presentation: The accompanying financial statements of the Fund are intended to present the financial position and the changes in financial position of only that portion of the governmental activities of the Commission that is attributable to the transactions of the Fund of the Commission. They do not purport to, and do not, present fairly the financial position of the Commission or the County as of June 30, 2019 and the related changes in its financial position for the year then ended, in conformity with accounting principles generally accepted in the United States of America. Basis of accounting: In accordance with the requirements for governmental funds, the modified accrual basis of accounting and current resources measurement focus is followed in the Fund. Under this method of accounting, expenditures are recorded when they are expected to be liquidated with expendable available resources, and revenue is recorded when it becomes both measurable and available. "Measurable" means the amount of the transaction can be determined, and "available" means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. For this purpose, the Commission considers revenues to be available if they are collected within 180 days of the end of the fiscal year. Those revenues susceptible to accrual include fuel sales tax, vehicle fee, and interest revenue. Allocations to local agencies: State of Good Repair funds are allocated to the operators within the County. Public Utilities Code (PUC) Section 99313 allocates funds to regional transportation planning agencies based on the ratio of area population to state population. PUC Section 99314 allocates funds to public operators based on their share of fares and local support to other operators in the state. The allocations must be made in a resolution adopted by the Commission. Cash and investments: It is the Commission's policy to deposit all funds received in the Riverside County Pooled Investment Fund (RCPIF) for investment until the funds are required for disbursement. Interest income is earned while these funds are deposited. Accounts receivable: Accounts receivable consist primarily of fuel sales tax and vehicle fee revenues from the State of California not received as of June 30, 2019. Due to other Commission funds: Due to other Commission funds represents payables from the State of Good Repair program to the Commission for commuter rail expenditures as of June 30, 2019. 5 44 State of Good Repair Fund of the County of Riverside as Administered by the Riverside County Transportation Commission Notes to Financial Statements June 30, 2019 Note 1. Nature of Operations and Significant Accounting Policies (Continued) Fund balance restrictions: The Fund reports restricted fund balances to show the level of constraint governing the use of the funds as set forth by enabling State legislation. The restricted fund balance for allocations available for programming represents amounts apportioned but not allocated to claimants. The restricted fund balance for unclaimed allocations represents amounts allocated by the Commission and due to claimants but not yet paid, as claimants have not yet provided the appropriate claim documentation to the Commission as of June 30, 2019. Expenditures: Expenditures represent funds disbursed to transit operators that have met the eligibility requirements to receive State of Good Repair Program funds per PUC Sections 99313 and 99314. All disbursements are to be used for transit purposes. Note 2. Cash and Investments Cash and investments at June 30, 2019 consist of the following: Cash and investments with RCPIF Cash in bank $ 6,686,704 125,298 $ 6,812,002 The funds in the RCPIF are pooled with those of other entities in the RCPIF and invested in accordance with the County's investment policy. The funds with the custodian are pooled with those of other Commission operating funds and invested in accordance with the Commission's investment policy. These pooled funds are carried at fair value. Investments in U.S.Treasury, federal agency, mortgage and asset - backed, municipal, corporate, negotiable certificates of deposit, and commercial paper securities are carried at fair value based on quoted market prices. Money market mutual funds are carried at fair value based on each fund's share price. The pooled funds are not subject to level 1, 2 or 3 of the fair value hierarchy prescribed by Governmental Accounting Standards Board Statement No. 72, Fair Value Measurement and Application. The Commission is a voluntary participant in the RCPIF. An Investment Oversight Committee has been established by the County, which acts as a regulator of the RCPIF. As of June 30, 2019, the Fund had $6,686,704 invested in the RCPIF, with a weighted average maturity of 387 days. Additional information on investment types, fair value measurement and credit risk of the RCPIF may be obtained from the County of Riverside Treasurer -Tax Collector located at 4080 Lemon Street, 4t" Floor, Riverside, California 92502 or by visiting the Treasurer -Tax Collector website at www.countytreasurer.org. Interest rate risk: While the Commission does not have a formal policy related to the interest rate risk of investments, the Commission's investment policy follows the California Government Code as it relates to limits on investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates. Credit risk: As of June 30, 2019 the Commission's investment in the RCPIF was rated Aaa/bf by Moody's Investors Service and AAAf/S1 by Fitch Ratings. The Commission's investment policy only requires credit quality ratings for repurchase agreements, U.S. corporate debt, commercial paper, bankers' acceptances, and certificates of deposit. 6 45 State of Good Repair Fund of the County of Riverside as Administered by the Riverside County Transportation Commission Notes to Financial Statements June 30, 2019 Note 3. Fund Balance At June 30, 2019, amounts are restricted for apportioned and unallocated amounts and for unpaid allocations by geographic area. For Western County transit programs, commuter rail and bus allocations are in accordance with the Commission's policy. Restricted for allocations available for programming: Western County: Commuter rail $ 24,523 Bus 85,892 Coachella Valley 26,808 Palo Verde Valley 1,353 Restricted for unclaimed allocations: Western County: Commuter rail City of Banning City of Beaumont City of Corona City of Riverside Riverside Transit Agency Coachella Valley: SunLine Transit Agency Palo Verde Valley: Palo Verde Valley Transit Agency 138,576 799,813 76,050 116,392 196,244 193,714 3,711,831 1,412,176 35,760 6,541,980 Total fund balance $ 6,680,556 7 46 Supplementary Information 47 State of Good Repair Fund of the County of Riverside, as Administered by the Riverside County Transportation Commission Schedule of Allocations and Disbursements Approved During the Year Year Ended June 30, 2019 California Code of Regulations Current Year Amount Section No. Recipient Allocation Disbursed Reference Western County: City of Banning $ 37,740 $ - 6731 City of Beaumont 49,885 - 6731 City of Corona 98,198 - 6731 City of Riverside 96,914 - 6731 Riverside Transit Agency 1,855,495 - 6730 Commission Commuter Rail Program 799,813 752,084 6730 Total Western County 2,938,045 752,084 SunLine Transit Agency 730,403 71,850 6730 Palo Verde Valley Transit Agency 35,758 35,510 6730 $ 3,704,206 $ 859,444 8 48 Certified Public Accountants Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards Board of Commissioners Riverside County Transportation Commission Riverside, California We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the State of Good Repair Fund (the Fund) of the County of Riverside, California, as administered by the Riverside County Transportation Commission (the Commission), as of and for the year ended June 30, 2019, and the related notes to the financial statements, and have issued our report thereon dated October 31, 2019. Our report includes an emphasis of matter paragraph indicating that the financial statements present only the Fund and do not purport to, and do not, present fairly the financial position of the Commission or the County of Riverside, California, as of June 30, 2019, and the respective changes in its financial position for the year ended in accordance with accounting principles generally accepted in the United States of America. Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered the Commission's internal control over the Fund's financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Commission's internal control related to the Fund. Accordingly, we do not express an opinion on the effectiveness of the Commission's internal control related to the Fund. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the Fund's financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. Compliance and Other Matters As part of obtaining reasonable assurance about whether the Fund's financial statements are free from material misstatement, we performed tests of the Commission's compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of the Fund's financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Macias Gini & O'Connell LLP 4675 MacArthur Court, Suite 600 Newport Beach, CA 92660 9 49 www.mgocpa.com Purpose of This Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Commission's internal control or on compliance as it relates to the Fund. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Commission's internal control and compliance related to the Fund. Accordingly, this communication is not suitable for any other purpose. tlaciais giki ( onmeff /1Y Newport Beach, California October 31, 2019 10 50 ATTACHMENT 5 Proposition 1 B Rehabilitation, Safety and Security Project Accounts, Accounts of the Riverside County Transportation Commission Financial and Compliance Reports Years Ended June 30, 2019 and 2018 Certified Public Accountants Contents Independent Auditor's Report Financial Statements Balance Sheets Statements of Revenues, Expenditures and Change in Fund Balance Notes to Financial Statements 1-2 3 4 5-7 Supplementary Information Combining Balance Sheets —By Project 8-9 Combining Statements of Revenues, Expenditures and Change in Account Fund Balance —By Project 10-11 Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards 12-13 52 Certified Public Accountants Independent Auditor's Report Board of Commissioners Riverside County Transportation Commission Riverside, California Report on the Financial Statements We have audited the accompanying financial statements of the Proposition 1 B Rehabilitation, Safety and Security Project Accounts (the Accounts), accounts of the Riverside County Transportation Commission (the Commission), as of and for the years ended June 30, 2019 and 2018, and the related notes to the financial statements, which collectively comprise the Accounts' financial statements as listed in the table of contents. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Commission's preparation and fair presentation of the Accounts' financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Commission's' internal control related to the Accounts. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the Accounts of the Commission as of June 30, 2019 and 2018, and the respective changes in financial position for the years then ended, in accordance with accounting principles generally accepted in the United States of America. Macias Gini & O'Connell LLP 4675 MacArthur Court, Suite 600 Newport Beach, CA 92660 1 53 www.mgocpa.com Emphasis of Matter As discussed in Note 1 to the financial statements, the financial statements present only the Accounts and do not purport to, and do not, present fairly the financial position of the Commission as of June 30, 2019 and 2018, and the respective changes in financial position for the years then ended, in accordance with accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to this matter. Other Matters Required Supplementary Information Management has omitted the management's discussion and analysis that accounting principles generally accepted in the United States of America require to be presented to supplement the financial statements. Such missing information, although not a part of the financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the financial statements in an appropriate operational, economic or historical context. Our opinion on the financial statements is not affected by this missing information. Other Information Our audits were conducted for the purpose of forming an opinion on the financial statements that collectively comprise the Accounts' financial statements. The statements listed in the table of contents as supplementary information are presented for purposes of additional analysis and are not a required part of the financial statements. The supplementary information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. Such information has been subjected to the auditing procedures applied in the audits of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the supplementary information is fairly stated, in all material respects, in relation to the financial statements as a whole. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our reports dated October 31, 2019 and October 30, 2018 on our consideration of the Commission's internal control over the Accounts' financial reporting and on our tests of the Commission's compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters as it relates to the Accounts. The purpose of those reports is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Commission's internal control over the Accounts' financial reporting or on compliance. Those reports are an integral part of an audit performed in accordance with Government Auditing Standards in considering the Commission's internal control over the Accounts' financial reporting and compliance. /Y0&dais Ocouteff LZP' Newport Beach, California October 31, 2019 2 54 Proposition 1 B Rehabilitation, Safety and Security Project Accounts, Accounts of the Riverside County Transportation Commission Balance Sheets June 30, 2019 and 2018 2019 2018 Assets PTMISEA CTSGP-CTAF Total PTMISEA CTSGP-CTAF Total Cash and investments in Riverside County Pooled Investment Fund $ 2,940,856 $ - $ 2,940,856 $4,904,424 $ 176,132 $ 5,080,556 Interest receivable 17,211 - 17,211 20,505 25 20,530 Total assets $ 2,958,067 $ - $ 2,958,067 $4,924,929 $ 176,157 $ 5,101,086 Liabilities and Fund Balance Liabilities Accounts payable Total liabilities $ 17,256 $ $ 17,256 $ 13,450 $ - $ 13,450 17,256 17,256 13,450 - 13,450 Fund Balance Restricted: Rail projects 2,940,811 2,940,811 4,911,479 176,157 5,087,636 Total fund balance 2,940,811 2,940,811 4,911,479 176,157 5,087,636 Total liabilities and fund balance $ 2,958,067 $ - $ 2,958,067 $4,924,929 $ 176,157 $ 5,101,086 See Notes to Financial Statements. 3 55 Proposition 1 B Rehabilitation, Safety and Security Project Accounts, Accounts of the Riverside County Transportation Commission Statements of Revenues, Expenditures and Change in Fund Balance Years Ended June 30, 2019 and 2018 2019 2018 PTMISEA CTSGP-CTAF Total PTMISEA CTSGP-CTAF Total Revenues: State allocations $ $ $ $ $ 284,654 $ 284,654 Interest 72,619 1,129 73,748 76,774 1,929 78,703 Total revenues 72,619 1,129 73,748 76,774 286,583 363,357 Expenditures: Rail 2,043,287 177,286 2,220,573 1,721,415 577,077 2,298,492 Net change in account fund balance Fund balance, beginning of year Fund balance, end of year See Notes to Financial Statements. (1,970,668) (176,157) (2,146,825) (1,644,641) (290,494) (1,935,135) 4,911,479 176,157 5,087,636 6,556,120 466,651 7,022,771 $ 2,940,811 $ - $ 2,940,811 $ 4,911,479 $ 176,157 $ 5,087,636 4 56 Proposition 1 B Rehabilitation, Safety and Security Project Accounts, Accounts of the Riverside County Transportation Commission Notes to Financial Statements June 30, 2019 and 2018 Note 1. Nature of Operations and Summary of Significant Accounting Policies Nature of operations: On November 7, 2006, the voters of California approved the Highway Safety, Traffic Reduction, Air Quality, and Port Security Bond Act of 2006 (Proposition 1 B). Proposition 1 B included a state program of funding in the amount of $4 billion and $1 billion to be deposited in the Public Transportation Modernization, Improvement, and Service Enhancement Account (PTMISEA) and Transit System Safety, Security, and Disaster Response Account (TSSSDRA), respectively. The California Transit Security Grant Program —California Transit Assistance Fund (CTSGP-CTAF) is a TSSSDRA program. The PTMISEA funds, which are administered by the California Department of Transportation (Caltrans), and the CTSGP-CTAF funds, which are administered by the California Emergency Management Agency (CaIEMA), are made available to project sponsors in California for eligible public transportation projects and related security and safety projects, respectively. The Riverside County Transportation Commission (the Commission) owns and operates nine commuter rail stations and a transit center in Riverside County (the County). As a project sponsor, the Commission has applied for and obtained approval for PTMISEA and CTSGP-CTAF funds for various projects related to its commuter rail stations. These funds are accounted for in the Measure A Western County Rail and Coachella Valley Station Development Special Revenue Funds in project accounts (the Accounts). The revenue to the Accounts is derived from allocations approved by the Controller of the State of California (the Controller). The accounting policies of the Commission conform to accounting principles generally accepted in the United States of America as applicable to governmental units. A summary of the Commission's significant accounting policies is as follows: Presentation: The accompanying financial statements of the Accounts are intended to present the financial position and the changes in financial position of only that portion of the governmental activities of the Commission that is attributable to the transactions of the PTMISEA and CTSGP-CTAF Accounts of the Commission. They do not purport to, and do not, present fairly the financial position of the Commission as of June 30, 2019 and 2018 and the changes in its financial position for the years then ended, in conformity with accounting principles generally accepted in the United States of America. Basis of accounting: In accordance with the requirements for governmental funds, the modified accrual basis of accounting is followed in the PTMISEA and CTSGP-CTAF Accounts. Under the modified accrual basis of accounting, expenditures are recorded when they are expected to be liquidated with expendable available resources, and revenue is recorded when it becomes both measurable and available. "Measurable" means the amount of the transaction can be determined, and "available" means collectible within the current period, or soon enough thereafter to be used to pay liabilities of the current period. For this purpose, the Commission considers revenues to be available if they are collected within 180 days of the end of the current fiscal period. Those revenues susceptible to accrual include PTMISEA and CTSGP-CTAF allocations and interest revenue. For the years ended June 30, 2019 and 2018, the Commission recognized revenues related to an allocation of $0 and $284,654, respectively, for the Station Security project. 5 57 Proposition 1 B Rehabilitation, Safety and Security Project Accounts, Accounts of the Riverside County Transportation Commission Notes to Financial Statements June 30, 2019 and 2018 Note 1. Nature of Operations and Summary of Significant Accounting Policies (Continued) Funding: Project sponsors may submit applications for funding of eligible transit capital projects to Ca!trans or CaIEMA, which approve projects for funding related to PTMISEA and CTSGP-CTAF, respectively. PTMISEA eligible projects include rehabilitation, safety or modernization improvements; capital service enhancements or expansions; new capital projects; bus rapid transit improvements; and rolling stock procurement, rehabilitation, expansion or replacement. CTSGP-CTAF eligible projects include capital projects that provide increased protection against a security or safety threat; increase the capacity of transit operators to prepare for disaster -response transportation systems to move people, goods, emergency personnel and equipment in the aftermath of a disaster; and other allowable costs under California Government Code 16727(a). The Controller will disburse funds upon receipt of the approved PTMISEA and CTSGP-CTAF projects. Funds must be encumbered within three years of receipt and must be expended within three years of being encumbered. Cash: It is the Commission's policy to deposit all funds received in the Riverside County Pooled Investment Fund (RCPIF) for investment until the funds are required for disbursement. Interest income is earned while these funds are deposited. Fund balance restrictions: The Accounts report restricted account fund balances to show the level of constraint governing the use of the funds. Restricted account fund balances are restricted for specific purposes by third parties. Expenditures: Expenditures represent rail capital projects as identified in PTMISEA and CTSGP-CTAF applications submitted by the Commission. For the year ended June 30, 2019, the Commission incurred qualifying expenditures of $2,043,287 for the Station Rehabilitation project and $177,286 for the Station Security project, for a total of $2,220,573. For the year ended June 30, 2018, the Commission incurred qualifying expenditures of $1,721,415 for the Station Rehabilitation project and $577,077 for the Station Security project, for a total of $2,298,492. Note 2. Cash and Investments With County Treasurer The funds in the RCPIF are pooled with those of other entities and invested in accordance with the County's investment policy. These pooled funds are carried at fair value. Investments in U.S.Treasury, federal agency, mortgage and asset -backed, municipal, corporate, negotiable certificates of deposit, and commercial paper securities are carried at fair value based on quoted market prices. Money market mutual funds are carried at fair value based on each fund's share price. The pooled funds are not subject to level 1, 2 or 3 of the fair value hierarchy prescribed by Governmental Accounting Standards Board Statement No. 72, Fair Value Measurement and Application. The Commission is a voluntary participant in the pool. An Investment Oversight Committee has been established by the County, which acts as a regulator of the pool. 6 58 Proposition 1 B Rehabilitation, Safety and Security Project Accounts, Accounts of the Riverside County Transportation Commission Notes to Financial Statements June 30, 2019 and 2018 Note 2. Cash and Investments With County Treasurer (Continued) As of June 30, 2019 and 2018, the Account has $2,940,856 and $5,080,556, respectively, included in the Commission's investment with the RCPIF, with an average maturity of 387 days and 427 days, respectively. Additional information on investment types, fair value measurement and credit risk of the RCPIF may be obtained from the County of Riverside Treasurer -Tax Collector located at 4080 Lemon Street, 4th Floor, Riverside, California 92502 or by visiting the Treasurer -Tax Collector website at www.countytreasurer.org. Interest rate risk: While the Commission does not have a formal policy related to the interest rate risk of investments, the Commission's investment policy follows the California Government Code as it relates to limits on investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates. Credit risk: As of June 30, 2019 and 2018 the Commission's investment in the RCPIF was rated Aaa/bf by Moody's Investors Service and AAAf/S1 by Fitch Ratings. The Commission's investment policy only requires credit quality ratings for repurchase agreements, U.S. corporate debt, commercial paper, bankers' acceptances, and certificates of deposit. 7 59 Supplementary Information 60 Proposition 1 B Rehabilitation, Safety and Security Project Accounts, Accounts of the Riverside County Transportation Commission Combining Balance Sheet —By Project June 30, 2019 PTMISEA CTSGP-CTAF Station Coachella Valley Station Assets Rehabilitation Station Development Total Security Total Cash and investments in Riverside County Pooled Investment Fund $ 159,376 $ 2,781,480 $ 2,940,856 $ $ 2,940,856 Interest receivable 932 16,279 17,211 17,211 Total assets $ 160,308 $ 2,797,759 $ 2,958,067 $ $ 2,958,067 Liabilities and Fund Balance Liabilities Accounts payable Total liabilities Account Fund Balance $ 17,256 $ $ 17,256 $ $ 17,256 17,256 17,256 17,256 Fund Balance Restricted: Rail projects 143,052 2,797,759 2,940,811 2,940,811 Total fund balance 143,052 2,797,759 2,940,811 2,940,811 Total liabilities and fund balance $ 160,308 $ 2,797,759 $ 2,958,067 $ $ 2,958,067 8 61 Proposition 1 B Rehabilitation, Safety and Security Project Accounts, Accounts of the Riverside County Transportation Commission Combining Balance Sheet —By Project, Continued June 30, 2018 Assets Cash and investments in Riverside County Pooled Investment Fund Interest receivable Total assets Liabilities and Fund Balance PTMI SEA Station Rehabilitation $ 2,175, 607 9,065 Coachella Valley Station Development Total $ 2,728,817 $ 4,904,424 11,440 20,505 CTSGP-CTAF Station Security Total $ 176,132 $ 5,080,556 25 20,530 $ 2,184, 672 $ 2,740,257 $ 4,924,929 $ 176,157 $ 5,101, 086 Liabilities Accounts payable Total liabilities Fund Balance Restricted: Rail projects Total fund balance Total liabilities and fund balance $ 13,450 $ - $ 13,450 13,450 13,450 2,171, 222 2,171, 222 $ 2,184, 672 $ 2,740,257 4,911,479 2,740,257 4,911,479 2,740,257 $ 4,924,929 176,157 $ 13,450 13,450 5,087,636 176,157 5,087,636 $ 176,157 $ 5,101, 086 9 62 Proposition 1 B Rehabilitation, Safety and Security Project Accounts, Accounts of the Riverside County Transportation Commission Combining Statement of Revenues, Expenditures and Change in Fund Balance —By Project Year Ended June 30, 2019 PTMISEA CTSGP-CTAF Station Coachella Valley Station Rehabilitation Station Development Total Security Total Revenues: Interest $ 15,117 $ 57,502 $ 72,619 $ 1,129 $ 73,748 Total revenues 15,117 57,502 72,619 1,129 73,748 Expenditures: Rail 2,043,287 2,043,287 177,286 2,220,573 Net change in fund balance Fund balance, beginning of year Fund balance, end of year (2,028,170) 57,502 (1,970,668) (176,157) (2,146,825) 2,171, 222 2,740,257 4,911,479 176,157 5,087,636 $ 143,052 $ 2,797,759 $ 2,940,811 $ $ 2,940,811 10 63 Proposition 1B Rehabilitation, Safety and Security Project Accounts, Accounts of the Riverside County Transportation Commission Combining Statement of Revenues, Expenditures and Change in Fund Balance —By Project, Continued Year Ended June 30, 2018 PTMI SEA CTSGP-CTAF Station Coachella Valley Station Rehabilitation Station Development Total Security Total Revenues: State allocations $ $ - $ - $ 284,654 $ 284,654 Interest 40,271 36,503 76,774 1,929 78,703 Total revenues 40,271 36,503 76,774 286,583 363,357 Expenditures: Rail 1,721,415 1,721,415 577,077 2,298,492 Net change in account fund balance (1,681,144) 36,503 (1,644,641) (290,494) (1,935,135) Fund balance, beginning of year 3,852,366 2,703,754 6,556,120 466,651 7,022,771 Fund balance, end of year $ 2,171,222 $ 2,740,257 $ 4,911,479 $ 176,157 $ 5,087,636 11 64 Certified Public Accountants Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards Board of Commissioners Riverside County Transportation Commission Riverside, California We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the Proposition 1 B Rehabilitation, Safety and Security Project Accounts (the Accounts), accounts of the Riverside Transportation Commission (the Commission), as of and for the year ended June 30, 2019, and the related notes to the financial statements, and have issued our report thereon dated October 31, 2019. Our report includes an emphasis of matter paragraph indicating that the financial statements present only the Accounts and do not purport to, and do not, present fairly the financial position of the Commission as of June 30, 2019, and the changes in its financial position for the year ended in accordance with accounting principles generally accepted in the United States of America. Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered the Commission's internal control over the Accounts' financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Commission's internal control related to the Accounts. Accordingly, we do not express an opinion on the effectiveness of the Commission's internal control related to the Accounts. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the Accounts' financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. Macias Gini & O'Connell LLP 4675 MacArthur Court, Suite 600 Newport Beach, CA 92660 12 65 www.mgocpa.com Compliance and Other Matters As part of obtaining reasonable assurance about whether the Accounts' financial statements are free from material misstatement, we performed tests of the Commission's compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of the Accounts' financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Commission's internal control or on compliance as it relates to the Accounts. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Commission's internal control and compliance related to the Accounts. Accordingly, this communication is not suitable for any other purpose. awl o4S ��! Onnitefi Z6) i Newport Beach, California October 31, 2019 13 66 ATTACHMENT 6 Low Carbon Transit Operations Program Account, an Account of the Riverside County Transportation Commission Financial and Compliance Reports Years Ended June 30, 2019 and 2018 Certified Public Accountants Contents Independent Auditor's Report Financial Statements Balance Sheets Statements of Revenues, Expenditures and Change in Fund Balance Notes to Financial Statements 1-2 3 4 5-6 Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards 7-8 68 Certified Public Accountants Independent Auditor's Report Board of Commissioners Riverside County Transportation Commission Riverside, California Report on the Financial Statements We have audited the accompanying financial statements of the Low Carbon Transit Operations Program (LCTOP) Account, an Account of the Riverside County Transportation Commission (the Commission), as of and for the years ended June 30, 2019 and 2018, and the related notes to the financial statements, which collectively comprise the LCTOP Account financial statements as listed in the table of contents. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Commission's preparation and fair presentation of the LCTOP Account's financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Commission's internal control related to the LCTOP Account. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the LCTOP Account of the Commission as of June 30, 2019 and 2018 and the respective changes in financial position for the years then ended, in accordance with accounting principles generally accepted in the United States of America. Macias Gini & O'Connell LLP 4675 MacArthur Court, Suite 600 Newport Beach, CA 92660 1 69 www.mgocpa.com Emphasis of Matter As discussed in Note 1 to the financial statements, the financial statements present only the LCTOP Account and do not purport to, and do not, present fairly the financial position of the Commission as of June 30, 2019 and 2018 and the changes in financial position for the years then ended, in accordance with accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to this matter. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated October 31, 2019 and October 30, 2018 on our consideration of the Commission's internal control over the LCTOP Account's financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Commission's internal control over financial reporting or on compliance related to the LCTOP Account. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Commission's internal control over the LCTOP Account's financial reporting and compliance. del o4S ��! Onia i Newport Beach, California October 31, 2019 2 70 Low Carbon Transit Operations Program Account, an Account of the Riverside County Transportation Commission Balance Sheets June 30, 2019 and 2018 2019 2018 Assets Cash and investments in Riverside County Pooled Investment Fund $ $ 397,753 Accounts receivable 1,496,728 - Interest receivable - 1,668 Total assets $1,496,728 $ 399,421 Liabilities and Fund Balance Liabilities Accounts payable $ $ Total liabilities Fund Balance Restricted: Rail operations 1,496,728 399,421 Total fund balance 1,496,728 399,421 Total liabilities and fund balance $1,496,728 $ 399,421 See Notes to Financial Statements. Low Carbon Transit Operations Program Account, an Account of the Riverside County Transportation Commission Statements of Revenues, Expenditures and Change in Fund Balance Years Ended June 30, 2019 and 2018 2019 2018 Revenues: State allocations $ 2,357,834 $ Interest 5,297 Total revenues 2,363,131 Expenditures: Rail 1,265,824 Net change in fund balance Fund balance, beginning of year 5,823 5,823 175,471 1,097,307 (169,648) 399,421 569,069 Fund balance, end of year $ 1,496,728 $ 399,421 See Notes to Financial Statements. Low Carbon Transit Operations Program Account, an Account of the Riverside County Transportation Commission Notes to Financial Statements June 30, 2019 and 2018 Note 1. Nature of Operations and Summary Significant Accounting Policies Nature of Operations: In 2014, the California Legislature established Senate Bill 862 (SB 862), Low Carbon Transit Operations Program (LCTOP), one of several programs that is part of the Transit, Affordable Housing, and Sustainable Communities Program. LCTOP was created to provide operating and capital assistance for transit agencies to reduce greenhouse gas emissions and improve mobility, with a priority on serving disadvantaged communities. For agencies whose service area includes disadvantaged communities, at least 50 percent of the total moneys received shall be expended on projects that will benefit disadvantaged communities. The accounting policies of the Riverside County Transportation Commission (Commission) conform to accounting principles generally accepted in the United States as applicable to governmental units. A summary of the Commission's significant accounting policies is as follows: Presentation: The accompanying financial statements of the LCTOP Account are intended to present the financial position and the changes in financial position of only that portion of the governmental activities of the Commission that is attributable to the transactions of the LCTOP Account of the Commission. They do not purport to, and do not, present fairly the financial position of the Commission as of June 30, 2019 and 2018 and the changes in its financial position for the years then ended, in conformity with accounting principles generally accepted in the United States of America. Basis of accounting: In accordance with the requirements for governmental funds, the modified accrual basis of accounting is followed in the LCTOP Account. Under the modified accrual basis of accounting, expenditures are recorded when they are expected to be liquidated with expendable available resources, and revenue is recorded when it becomes both measurable and available. "Measurable" means the amount of the transaction can be determined, and "available" means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. For this purpose, the Commission considers revenues to be available if they are collected within 180 days of the end of the current fiscal period. Those revenues susceptible to accrual include LCTOP Account allocations and interest revenue. For the years ended June 30, 2019 and 2018, the Commission recognized revenues related to an allocation of $2,357,834 and $0, respectively, for the Perris Valley Line station operations and rehabilitation. Funding: Project sponsors may submit expenditure proposals for funding of LCTOP to Caltrans and the California Air Resources Board to determine compliance with the requirements of SB 862 and the LCTOP guidelines. Caltrans submits a final list of approved expenditures to the State Controller's Office, and the approved amounts of funds will be available for release, not to exceed 75 percent of each eligible recipient's share of the full appropriation, with the remaining 25 percent available for release by fiscal year end. Cash: It is the Commission's policy to deposit all funds received in the Riverside County Pooled Investment Fund (RCPIF) for investment until the funds are required for disbursement. Interest income is earned while these funds are deposited. Fund balance restrictions: The LCTOP Account reports restricted account fund balance to show the level of constraint governing the use of the funds. Restricted account fund balances are restricted for specific purposes by third parties. Expenditures: Expenditures represent rail operations as identified in the LCTOP application submitted by the Commission. For the years ended June 30, 2019 and 2018, the Commission incurred qualifying expenditures of $1,265,824 and $175,471, respectively, for the Perris Valley Line station operations and rehabilitation. 5 73 Low Carbon Transit Operations Program Account, an Account of the Riverside County Transportation Commission Notes to Financial Statements June 30, 2019 and 2018 Note 2. Cash and Investments with County Treasurer The funds in the RCPIF are pooled with those of other entities and invested in accordance with the County's investment policy. These pooled funds are carried at fair value. Investments in U.S.Treasury, federal agency, mortgage and asset -backed, municipal, corporate, negotiable certificates of deposit, and commercial paper securities are carried at fair value based on quoted market prices. Money market mutual funds are carried at fair value based on each fund's share price. The pooled funds are not subject to level 1, 2 or 3 of the fair value hierarchy prescribed by Governmental Accounting Standards Board Statement No. 72, Fair Value Measurement and Application. The Commission is a voluntary participant in the pool. An Investment Oversight Committee has been established by the County, which acts as a regulator of the pool. As of June 30, 2019 and 2018, the LCTOP Account has $0 and $397,753, respectively, in the Commission's investment with the RCPIF, with an average maturity of 387 days and 427 days, respectively. Additional information on investment types, fair value measurement and credit risk of the RCPIF may be obtained from the County of Riverside Treasurer -Tax Collector located at 4080 Lemon Street, 4t" Floor, Riverside, California 92502 or by visiting the Treasurer -Tax Collector website at www.countytreasurer.org. Interest rate risk: While the Commission does not have a formal policy related to the interest rate risk of investments, the Commission's investment policy follows the California Government Code as it relates to limits on investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates. Credit risk: As of June 30, 2019 and 2018 the Commission's investment in the RCPIF was rated Aaa/bf by Moody's Investors Service and AAAf/S1 by Fitch Ratings. The Commission's investment policy only requires credit quality ratings for repurchase agreements, U.S. corporate debt, commercial paper, bankers' acceptances, and certificates of deposit. 6 74 Certified Public Accountants Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards Board of Commissioners Riverside County Transportation Commission Riverside, California We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, the financial statements of the Low Carbon Transit Operations Program (LCTOP) Account, account of the Riverside County Transportation Commission (the Commission), as of and for the year ended June 30, 2019, and the related notes to the financial statements, and have issued our report thereon dated October 31, 2019. Our report includes an emphasis of matter indicating that the financial statements present only the LCTOP Account, and do not purport to, and do not, present fairly the financial position of the Commission as of June 30, 2019 and the changes in its financial position for the year then ended, in accordance with accounting principles generally accepted in the United States of America. Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered the Commission's internal control over the LCTOP Account's financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Commission's internal control related to the LCTOP Account. Accordingly, we do not express an opinion on the effectiveness of the Commission's internal control related to the LCTOP Account. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the LCTOP Account financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit, we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. Macias Gini & O'Connell LLP 4675 MacArthur Court, Suite 600 Newport Beach, CA 92660 7 75 www.mgocpa.com Compliance and Other Matters As part of obtaining reasonable assurance about whether the LCTOP Account financial statements are free from material misstatement, we performed tests of the Commission's compliance with certain provisions of laws, regulations, contracts and grant agreements, noncompliance with which could have a direct and material effect on the determination of the LCTOP Account financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Commission's internal control or on compliance as it relates to the LCTOP Account. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Commission's internal control and compliance related to the LCTOP Account. Accordingly, this communication is not suitable for any other purpose. del o4S ��! Onniteff Z5) i Newport Beach, California October 31, 2019 8 76 ATTACHMENT 7 RIVERSIDE COUNTY TRANSPORTATION COMMISSION Single Audit Reports For the Year Ended June 30, 2019 Certified Public Accountants Table of Contents Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards Independent Auditor's Report on Compliance for Each Major Program; Report on Internal Control Over Compliance; and Report on Schedule of Expenditures of Federal Awards Required by the Uniform Guidance 1-2 3-4 Schedule of Expenditures of Federal Awards 5 Notes to Schedule of Expenditures of Federal Awards 6 Schedule of Findings and Questioned Costs 7-8 Summary Schedule of Prior Year Audit Findings 9 78 Certified Public Accountants Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards Board of Commissioners Riverside County Transportation Commission Riverside, California We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business -type activities, each major fund, and the aggregate remaining fund information of the Riverside County Transportation Commission (the Commission) as of and for the year ended June 30, 2019, and the related notes to the financial statements, which collectively comprise the Commission's basic financial statements, and have issued our report thereon dated October 31, 2019. Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered the Commission's internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Commission's internal control. Accordingly, we do not express an opinion on the effectiveness of the Commission's internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the Commission's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. Compliance and Other Matters As part of obtaining reasonable assurance about whether the Commission's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Macias Gini & O'Connell LLP 4675 MacArthur Court, Suite 600 Newport Beach, CA 92660 1 79 www.mgocpa.com Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Commission's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Commission's internal control and compliance. Accordingly, this communication is not suitable for any other purpose. delo4S ��! Onmefi i Newport Beach, California October 31, 2019 2 80 Certified Public Accountants Independent Auditor's Report on Compliance for Each Major Federal Program; Report on Internal Control Over Compliance; and Report on Schedule of Expenditures of Federal Awards Required by The Uniform Guidance Board of Commissioners Riverside County Transportation Commission Riverside, California Report on Compliance for Each Major Federal Program We have audited the Riverside County Transportation Commission's (the Commission) compliance with the types of compliance requirements described in the OMB Compliance Supplement that could have a direct and material effect on each of the Commission's major federal programs for the year ended June 30, 2019. The Commission's major federal programs are identified in the summary of auditor's results section of the accompanying schedule of findings and questioned costs. Management's Responsibility Management is responsible for compliance with the federal statutes, regulations, and the terms and conditions of its federal awards applicable to its federal programs. Auditor's Responsibility Our responsibility is to express an opinion on compliance for each of the Commission's major federal programs based on our audit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Those standards and the Uniform Guidance require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis, evidence about the Commission's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion on compliance for each major federal program. However, our audit does not provide a legal determination of the Commission's compliance. Opinion on Each Major Federal Program In our opinion, the Commission complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended June 30, 2019. Report on Internal Control Over Compliance Management of the Commission is responsible for establishing and maintaining effective internal control over compliance with the types of compliance requirements referred to above. In planning and performing our audit of compliance, we considered the Commission's internal control over compliance with the types of requirements that could have a direct and material effect on each major federal program to determine the auditing procedures that are appropriate in the circumstances for the purpose of expressing an opinion on compliance for each major federal program and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of the Commission's internal control over compliance. Macias Gini & O'Connell LLP 4675 MacArthur Court, Suite 600 Newport Beach, CA 92660 3 81 www.mgocpa.com A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies. We did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose. Report on Schedule of Expenditures of Federal Awards Required by the Uniform Guidance We have audited the financial statements of the governmental activities, the business -type activities, each major fund and the aggregate remaining fund information of the Commission as of and for the year ended June 30, 2019, and the related notes to the financial statements, which collectively comprise the Commission's basic financial statements. We issued our report thereon dated October 31, 2019, which contained unmodified opinions on those financial statements. Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the basic financial statements. The accompanying schedule of expenditures of federal awards is presented for purposes of additional analysis as required by the Uniform Guidance and is not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the schedule of expenditures of federal awards is fairly stated in all material respects in relation to the basic financial statements as a whole. /foiciois giti Onnitei Newport Beach, California October 31, 2019 4 82 Riverside County Transportation Commission Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2019 Federal Grantor/Program or Cluster Title/Pass-Through Grantor U.S. Department of Transportation: Highway Planning and Construction Program: Pass -through State Department of Transportation: State Route (SR) 91 Utilities SR60 Truck Lanes 1-15 Express Lanes 1-15 Express Lanes Downtown Riverside/Pedley Metrolink Stations Total Highway Planning and Construction Program Transportation Infrastructure Finance and Innovation Act (TIFIA) Program: Direct Program, TIFIA I-15 Express Lanes Project Direct Program, TIFIA 91 Project Total TIFIA Program High -Speed Rail Corridors and Intercity Passenger Rail Service - Capital Assistance Grants Program: Pass -through State Department of Transportation: Coachella Valley -San Gorgonio Pass Corridor Investment Plan Total High Speed Rail Corridors and Intercity Passenger Rail Service - Capital Assistance Grants Program Catalog of Federal Domestic Assistance Number (CFDA #) 20.205* 20.205* 20.205* 20.205* 20.205* Identifying Number 08-31-002-04 08-1675 18-62-062-00 08-1625 15-33-058-00 20.223* TIFIA-2017-1011A 20.223* TIFIA-2012-1006A Passed Total Through to Federal Subrecipients Expenditures $ 19,030 222,539 45,752,934 2,089,968 34,121 48,118,592 15,121,739 421,054,409 436,176,148 20.319 FR-HSR-0130-16-01-00 1,224,943 1,224,943 Federal Transit Cluster: Federal Transit Capital Investment Grant: Direct Program, Commuter Rail 5 Year Rehab 5309 20.500 CA-05-0268-00 599,364 599,364 Direct Program, Commuter Rail Rehab Final 5309 20.500 CA-05-0286-00 570,247 1,512,736 Direct Program, Rail State of Good Repair 20.500 CA-05-0033-00 732,144 742,506 Federal Transit Urbanized Area Formula Grant: Direct Program, Commuter Rail Pax Upgrades 20.507 CA-90-Z234-00 - 3,801,776 Direct Program, CMAQ Funds for Perris Valley Line Operations 20.507 CA-95-X339-00 3,080,417 4,860,283 State of Goods Repair Grants Program: Direct Program, FTA Commuter Rail 5 Year Rehab 5309 20.525 CA-2017-121-00 4,000,000 4,000,000 Total Federal Transit Cluster 8,982,172 15,516,665 Public Transportation Research: Direct Program, Blythe Wellness Express 20.514 CA-2017-115-00 86,070 95,255 Total Federal Expenditures $ 9,068,242 $ 501,131,603 * Denotes major program See Accompanying Notes to Schedule of Expenditures of Federal Awards 5 83 Riverside County Transportation Commission Notes to Schedule of Expenditures of Federal Awards Year Ended June 30, 2019 Note 1. Basis of Presentation The accompanying schedule of expenditures of federal awards (the Schedule) includes the activity of all federal award programs of the Riverside County Transportation Commission (the Commission) for the year ended June 30, 2019. The Schedule includes federal awards received directly from federal agencies, as well as federal awards passed through other agencies. The Commission's reporting entity is defined in Note 1 to the Commission's basic financial statements. Because the Schedule presents only a selected portion of the operations of the Commission, it is not intended to and does not, present the financial position of the Commission. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Note 2. Summary of Significant Accounting Policies The accompanying Schedule is presented on the modified -accrual basis of accounting. Expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Note 3. Transportation Infrastructure Finance and Innovation Act (TIFIA) Program Loans In July 2013 and July 2017, the Commission executed TIFIA loan agreements with the United States Department of Transportation in an amount not to exceed $421,054,409 and $152,214,260, respectively, to finance a portion of the Commission's 91 Project and I-15 Express Lanes Project. The TIFIA loans are evidenced by toll revenue bonds of the Commission issued pursuant to the master indenture and a supplemental indenture. During construction and for a period of to five years following substantial completion, interest is compounded and added to each respective initial TIFIA loan. The TIFIA loans require mandatory debt service payments at a minimum and scheduled debt service payments to the extent additional funds are available. TIFIA debt service payments are expected to commence on December 1, 2021, and June 1, 2025, respectively, which is five years after substantial completion of the 91 Project and the 1-15 Express Lanes Project, through June 1, 2051 and June 1, 2055, respectively. The interest rate of each TIFIA loan is 3.47% and 2.84%, respectively. There were $0 and $15,121,739 of 91 Project and 1-15 Express Lanes Project TIFIA loan proceeds, respectively, expended during the fiscal year ended June 30, 2019, and the outstanding loans payable at June 30, 2019 are $469,870,660 (which includes accreted interest) and $15,121,739, respectively. Note 4: Indirect Cost Rates The Commission has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. There were no indirect costs charged to any of the Commission's Federal programs during the year ended June 30, 2019. 6 84 Riverside County Transportation Commission Schedule of Findings and Questioned Costs Year Ended June 30, 2019 I. Summary of Auditors' Results Financial Statements Type of report the auditors issued on whether the financial statements audited were prepared in accordance with GAAP: Unmodified Internal control over financial reporting: • Material weakness(es) identified? Yes X No • Significant deficiency(ies) identified? Yes X None Reported Noncompliance material to financial statements noted? Yes X No Federal Awards Internal control over major federal programs: • Material weakness(es) identified? Yes X No • Significant deficiency(ies) identified? Yes X None Reported Type of auditors' report issued on compliance for major federal programs: Unmodified • Any audit findings disclosed that are required to be reported in accordance with 2 CFR 200.516(a)? Yes X No Identification of major federal programs: CFDA Number(s) Name of Federal Program or Cluster 20.205 Highway Planning and Construction Program 20.223 Transportation Infrastructure Finance and Innovation Act (TIFIA) Program Dollar threshold used to distinguish between Type A and Type B programs: $1,948,664 Auditee qualified as low -risk auditee? X Yes No 7 85 Riverside County Transportation Commission Schedule of Findings and Questioned Costs (Continued) Year Ended June 30, 2019 Section II - Financial Statement Findings A. Internal Control Matters None reported. B. Compliance Findings None reported. Section III — Federal Award Findings and Questioned Costs A. Internal Control Matters None reported. B. Compliance Findings None reported. 8 86 Riverside County Transportation Commission Summary Schedule of Prior Year Audit Findings Year Ended June 30, 2019 There were no audit findings reported for the year ended June 30, 2018. ATTACHMENT 8 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 Express Lanes R EN.D JUNE 30, 20.1 ROTC 91 EXPRESS LANES FUND FINANCIAL STATEMENTS (Enterprise Fund of the Riverside County Transportation Commission) 88 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 89 RCTC 91 Express Lanes Fund (Enterprise Fund of the Riverside County Transportation Commission) Financial Statements For the Year Ended June 30, 2019 CONTENTS Independent Auditor's Report Management's Discussion and Analysis 1 3 Financial Statements Statement of Net Position 9 Statement of Revenues, Expenses and Changes in Fund Net Position 10 Statement of Cash Flows 11 Notes to Financial Statements 13 90 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 92 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 93 Certified Public AC[Uu Rta nL5 Independent Auditor's Report Board of Commissioners Riverside County Transportation Commission Riverside, California We have audited the accompanying financial statements of the RCTC 91 Express Lanes Fund (the Fund), an enterprise fund of the Riverside County Transportation Commission (the Commission), as of and for the year ended June 30, 2019, and the related notes to the financial statements, as listed in the table of contents. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the RCTC 91 Express Lanes Fund of the Commission, as of June 30, 2019, and the changes in financial position and cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. 1 Macias Gini & O'Connell LLP 4675 MacArthur Court, Suite 600 Newport Beach, CA 92660 94 www.mgocpa.com Emphasis of Matter As discussed in Note 1, the financial statements present only the RCTC 91 Express Lanes Fund and do not purport to, and do not present fairly the financial position of the Commission as of June 30, 2019, the changes in its financial position, or, where applicable, its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to this matter. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management's discussion and analysis, as listed in the table of contents, be presented to supplement the financial statements. Such information, although not a part of the financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the financial statements, and other knowledge we obtained during our audit of the financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Newport Beach, California October 31, 2019 2 95 RIVERSIDE COUNTY TRANSPORTATION COMMISSION Management's Discussion &Analysis 96 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 97 RCTC 91 Express Lanes Fund Management's Discussion and Analysis For the Year Ended June 30, 2019 As management of the RCTC 91 Express Lanes Fund (the Fund), an enterprise fund of the Riverside County Transportation Commission, we offer readers of the Fund financial statements this narrative overview and analysis of the Fund's financial activities for the fiscal year ended June 30, 2019. We encourage readers to consider information on financial performance presented in conjunction with the financial statements that begin on page 9. Financial Highlights • Atthe end of fiscal year (FY) 2018/19, the total net position (deficit) of the Fund was ($274,596,300) and consisted of net investment in capital assets of ($299,852,425) and restricted net position of $25,256,125. • Net position of ($274,596,300) during FY 2018/19 reflects the second full year of toll operations. The eight -mile stretch between Interstate 15 and the Orange/Riverside County line and a tolled direct connector reached substantial completion and opened to motorists on March 20, 2017. • In FY2018/19,total operating revenues of $58,423,461 include toll, violation penalty, and account fee revenues and Orange County Transportation Authority (OCTA) reimbursements. Total operating expenses of $23,375,043 include roadway and toll systems maintenance, customer service, back office operations, other support costs, and depreciation and amortization. Overview of the Financial Statements This discussion and analysis is intended to serve as an introduction to the Fund's financial statements. The financial statements are comprised of the Fund financial statements and notes to the financial statements. The statement of net position presents information on all of the Fund's assets, liabilities, and deferred outflows/inflows of resources, with the difference reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the Fund is improving or deteriorating. The statement of revenues, expenses and changes in fund net position presents information showing how the Fund's net position changed during the fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported for some items that will only result in cash flows in future fiscal periods. The statement of cash flows presents information on the cash flows related to operating, noncapital financing, capital and related financing, and investing activities. The Fund financial statements can be found on pages 9-12 of this report. Notes to the financial statements provide additional information that is essential to a full understanding of the data provided in the financial statements. The notes to the financial statements can be found on pages 13-25 of this report. 91 Express Lanes Financial Analysis As noted previously, net position may serve overtime as a useful indicator of the Fund's financial position. At June 30, 2019, the Fund's net position reflected a deficit of $274,596,300. Our analysis below focuses on net position and changes in net position of the Fund's financial activities. 98 4 RCTC 91 Express Lanes Fund Management's Discussion and Analysis For the Year Ended June 30, 2019 RCTC 91 Express Lanes Fund Net Position 2019 2018 Current and other assets Restricted assets Capital assets, net Intangible assets, net Total assets Deferred outflows of resources Total assets and deferred outflows of resources Current liabilities Long-term liabilities Total liabilities 728,244,702 676,711,016 $ 81,178,296 $ 59,551,294 76,380,134 29,828,745 56,054,070 65,239,555 239,801,144 244,045,820 453,413,644 398,665,414 277,686 310,156 453,691,330 398,975,570 58,379,514 27,640,364 669,865,188 649,070,652 Deferred inflows of resources Total liabilities and deferred inflows of resources 42,928 31,888 728,287,630 676,742,904 Net position Net investment in capital assets (299,852,425) (286,349,191) Restricted 25,256,125 8,581,857 Total net position (deficit) $ (274,596,300) $ (277,767,334) FY 2 01 8/1 9 represents the second full year of toll operations for the Fund. Total assets and deferred outflows of resources increased $54,715,760, or 14%, due to increases in cash and investments and receivables. Total liabilities and deferred inflows of resources increased $51,544,726, or 8%, primarily due to increases in deferred violation revenues and toll supported long-term debt related to accreted and compounded interest. The Fund's net investment in capital assets reflects a deficit of $299,852,425 and represents (109.2%) of the total net position (deficit) in FY 2018/19. The Fund's net position reflects its investment in capital assets (i.e., land and land improvements; buildings; toll infrastructure; equipment, furniture and fixtures; transponders; and intangible assets), less any related outstanding debt used to acquire these assets. The Fund uses these capital and intangible assets to provide improved mobility for the Fund customers and commuters along the State Route (SR)-91 corridor. Restricted net position, representing resources subject to external restrictions on how they may be used, was $25,256,125 and represents 9.2% of the total net position at June 30, 2019. The analysis below focuses on the changes in net position. 99 RCTC 91 Express Lanes Fund Management's Discussion and Analysis For the Year Ended June 30, 2019 RCTC 91 Express Lanes Fund Changes in Net Position 2019 2018 Operating revenues Toll, penalties, and fees Total operating revenues Operating expenses Management and operational services Administrative overhead Other operating expenses Professional services General and administrative Depreciation and amortization $ 58,423,461 $ 50,446,824 58,423,461 50,446,824 9,664,844 9,136,307 566,500 532,600 748,548 464,119 1,089,555 815,345 624,915 826,558 10,680,681 10,185,622 Total operating expenses 23,375,043 21,960,551 Operating income 35,048,418 28,486,273 Nonoperating revenues (expenses) Investment income 2,764,137 (32,662) Interest expense (27,956,792) (27,115,090) Loss on sale of capital assets (3,707,333) (376,656) Total nonoperating revenues (expenses) (28,899,988) (27,524,408) Income before transfers 6,148,430 961,865 Transfers from (to) the Commission, net (2,977,396) 14,949,641 Change in net position 3,171,034 15,911,506 Total net position at beginning of year (277,767,334) (293,678,840) Total net position at end of year $ (274,596,300) $ (277,767,334) The Fund's total operating revenues increased $7,976,637, or 16%, due to an increase in trips and toll rate changes as well as non -toll revenues. Total operating expenses increased $1,414,492, or 6%, due to increases in operations costs, professional services, and depreciation. Nonoperating expenses increased $1,375,580, or 5%, primarily due to increased investment income offset by the loss on the sale of excess land purchased for the 91 Project. Net transfers from the Commission decreased by $17,927,037 as a result of the prior year's transfer of capital and intangible assets related to the 91 Project. Total traffic volume on the RCTC 91 Express Lanes Fund during FY 2018/19 was approximately 37,900,600 trips compared to 36,103,800 trips in FY 2017/18. 100 6 RCTC 91 Express Lanes Fund Management's Discussion and Analysis For the Year Ended June 30, 2019 Capital and Intangible Assets Capital Assets As of June 30, 2019, the Fund had $56,054,070, net of accumulated depreciation, invested in a broad range of capital assets including: land and land improvements; buildings; toll infrastructure comprised of communication equipment and computer hardware and software; equipment, furniture and fixtures; and transponders. The decrease of $9,185,485, or 14%, was primarily due to the sale of excess land and the depreciation of the Fund's toll infrastructure. RCTC 91 Express Lanes Fund Capital Assets, Net of Depreciation 2019 2018 Land and land improvements Construction in progress Toll infrastructure Transponders Buildings Equipment, furniture, and fixtures Total capital assets, net $ 38,736,133 $ 43,032,888 174,151 15,729,648 21,211,466 269,416 360,181 1,280,972 444,408 37,901 16,461 $ 56,054,070 $ 65,239,555 More detailed information about the Fund's capital assets is presented in note 4 to the financial statements. Intangible Assets The information below is a summary of the Commission's intangible assets, net of accumulated amortization: RCTC 91 Express Lanes Fund Intangible Assets, Net of Amortization 2019 2018 Total intangible asset, net $ 239,801,144 $ 244,045,820 The decrease of $4,244,676, or 2%, is primarily a result of the current year amortization. More detailed information about the Fund's intangible assets is presented in note 5 to the financial statements. Debt Administration As of June 30, 2019, the Fund had $669,294,571 outstanding in toll revenue bonds, including a toll revenue bond in the form of a Transportation Innovation Finance and Infrastructure Act (TIFIA) loan. The increase of $20,791,535, or 3%, is due to the compounded and accreted interest on the toll -supported long-term debt. 101 RCTC 91 Express Lanes Fund Management's Discussion and Analysis For the Year Ended June 30, 2019 RCTC 91 Express Lanes Fund Outstanding Debt 2019 2018 Toll revenue bonds TIFIA loan Total outstanding debt $ 199,423,911 469,870,660 $ 669,294,571 $ 648,503,036 194,522,170 453,980,866 Additional information on long-term debt can be found in note 7 to the financial statements. Economic and Other Factors The Fund makes up $41,869,400 or 6% of Commission's FY 2 01 9/2 0 revenue budget. In FY 2019/20, toll and non -toll revenues are forecasted to increase by 13% over the FY 2018/19 budget. This increase is based on estimated toll transactions and current traffic and revenue data. The RCTC 91 Express Lanes have exceeded initial expectations and the Commission's traffic consultant updated the investment grade and traffic and revenue study in December 2018. The average projected long-term rate of growth for toll road revenues beyond FY 201 9/2 0 is 4.8%. The majority of expenses related to the Fund within FY 2 01 9/2 0 budget are on -going general costs related to day-to-day operations of the toll facility. As a fully electronic toll facility, motorists pay tolls through the convenient use of FasTrak® transponders that automatically deduct toll charges from a prepaid account. Under a cooperative agreement entered into with OCTA in December 201 1, the RCTC 91 Express Lanes are jointly operated with the OCTA 91 Express Lanes and collectively referred to as the 91 Express Lanes. The Commission and OCTA agreed on the use of the same initial operator, cost and revenue sharing, toll policies, business rules, interoperability of technology, and shared marketing activities. The joint operation allows for the sharing of costs and a seamless customer experience. Contacting 91 Express Lane's Management This financial report is designed to provide a general overview of the Fund's finances for all those with an interest in the government's finances and to demonstrate the Fund's accountability for the money it receives. Questions concerning any of the information provide in this report or requests for additional information should be addressed to the Chief Financial Officer, Finance Department at the Riverside County Transportation Commission, 4080 Lemon Street, 3rd Floor, P.O. Box 12008, Riverside, CA 92502- 2208. 102 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 8 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 104 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 105 RCTC 91 Express Lanes Fund (Enterprise Fund of the Riverside County Transportation Commission) Statement of Net Position June 30, 2019 Assets Current assets: Cash and investments $ 25,203,225 Receivables Accounts 2,180,605 Interest 444,261 Violations 53,146,325 Prepaid expenses 201,302 Total current assets 81,175,718 Noncurrent assets: Restricted cash and investments 76,380,134 Net other post -employment benefits assets 2,578 Capital assets, net Nondepreciable 38,736,133 Depreciable 17,317,937 Intangible assets, net 239,801,144 Total noncurrent assets 372,237,926 Total assets 453,413,644 Deferred outflows of resources Pension benefits Other post -employment benefits Total assets and deferred outflows of resources 227,547 50,139 453,691,330 Liabilities Current liabilities: Accounts payable 933,722 Interest payable 1,933,425 Due to other Commission funds 2,338,641 Unearned revenues 53,142,978 Other liabilities 8,976 Compensated absences liability 21,772 Total current liabilities 58,379,514 Noncurrent liabilities: Net pension liabilities 537,539 Compensated absences liability 33,078 Bonds payable - due in more than one year 669,294,571 Total noncurrent liabilities 669,865,188 Total liabilities 728,244,702 Deferred inflows of resources Pension benefits Other post -employment benefits Total liabilities and deferred inflows of resources 31,585 11,343 728,287,630 Net position Net investment in capital assets (299,852,425) Restricted for toll operations 25,256,125 Total net position (deficit) $ (274,596,300) See notes to financial statements 106 RCTC 91 Express Lanes Fund (Enterprise Fund of the Riverside County Transportation Commission) Statement of Revenues, Expenses and Change in Fund Net Position For the Year Ended June 30, 2019 Operating revenues Tolls, penalties, and fees $ 58,423,461 Operating expenses Management and operational services 9,664,844 Administrative overhead 566,500 Other operating expenses 748,548 Professional services 1,089,555 General and administrative expenses 624,915 Depreciation and amortization 10,680,681 Total operating expenses 23,375,043 Operating income 35,048,418 Nonoperating revenues (expenses) Investment income 2,764,137 Interest expense (27,956,792) Loss on sale of capital assets (3,707,333) Total nonoperating revenues (expenses) (28,899,988) Income before transfers 6,148,430 Transfers Transfers in from Commission governmental activities Transfers out to Commission govemmental funds Total transfers 765,378 (3,742,774) (2,977,396) Change in net position 3,171,034 Net position at beginning of year (277,767,334) Net position at end of year $ (274,596,300) See notes to financial statements 10 RCTC 91 Express Lanes Fund (Enterprise Fund of the Riverside County Transportation Commission) Statement of Cash Flows For the Year Ended June 30, 2019 Cash flows from operating activities Receipts from customers and users $ 58,044,539 Payments to vendors (11,583,755) Payments to employees (478,920) Payments for RCTC interfund services used (821,305) Reimbursements received for shared costs 418,487 Net cash provided by operating activities 45,579,046 Cash flows from noncapital financing activities Transfer of excess investment earnings on debt service reserves Transfers of surplus funds to governmental activities Net cash used for noncapital financing activities (500,000) (1,042,859) (1,542,859) Cash flows from capital and related financing activities Interest paid on long-term debt (7,119,938) Acquisition of capital assets, net of reimbursements from other governments (1,911,279) Proceeds from sale of capital assets 331,213 Net cash used for capital and related financing activities (8,700,004) Cash flows from investing activities Interest received Net cash provided by investing activities 2,195,627 2,195,627 Net increase in cash and cash equivalents 37,531,810 Cash and cash equivalents at beginning of year 63,956,746 Cash and cash equivalents at end of year $ 101,488,556 Reconciliation of cash and cash equivalents to statement of net position Cash and investments Less: fair value adjustment $ 25,203,225 (94,803) 25,108,422 Restricted cash and investments 76,380,134 Total cash and cash equivalents $ 101,488,556 See notes to financial statements 108 RCTC 91 Express Lanes Fund (Enterprise Fund of the Riverside County Transportation Commission) Statement of Cash Flows, Continued For the Year Ended June 30, 2019 Reconciliation of operating income (loss) to net cash provided by (used for) operating activities Operating income $ 35,048,418 Adjustments to reconcile operating income to net cash provided by (used for) operating activities Depreciation and amortization expense 10,680,681 Change in assets and liabilities (Increase) Decrease in violations receivables (29,599,777) (Increase) Decrease in other receivables, net 520,871 (Increase) Decrease in prepaid assets (34,336) Increase (Decrease) in pension and post -employment benefit liabilities, net of deferred items 46,431 Increase (Decrease) in accounts payable (526,675) Increase (Decrease) in due to other funds (155,779) Increase (Decrease) in uneamed revenues 29,597,087 Increase (Decrease) in deposits payable 2,007 Increase (Decrease) in compensated absences liability 118 Total adjustments 10,530,628 Net cash provided by operating activities $ 45,579,046 Noncash capital, financing and investing activities Amortization of bond discount $ 73,073 Accreted and compounded interest 20,718,462 Net increase in the fair value of investments 272,741 See notes to financial statements 12 109 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2019 Note 1. Reporting Entity After more than a decade of work, which includes approximately three years of construction, the Riverside County Transportation Commission (Commission) achieved substantial completion on the SR- 91 Corridor Improvement (91 Project) on March 20, 2017, including express lane and general purpose lane improvements. In achieving substantial completion, the RCTC 91 Express Lanes opened to traffic and tolling commenced. The RCTC 91 Express Lanes cover an eight -mile stretch on State Route 91 (SR- 91) between Interstate 15 (1-15) and the Orange/Riverside County line and a tolled direct connector. The RCTC 91 Express Lanes Fund (Fund) is reported as a major enterprise fund in the Commission's basic financial statements. The accompanying financial statements present the net position, changes in net position, and cash flows of the Fund only. They do not purport to, and do not, present the overall financial position of the Commission or its changes in net position as of June 30, 2019. Note 2. Summary of Significant Accounting Policies The accounting policies of the Fund are in conformity with generally accepted accounting principles applicable to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard -setting body for establishing accounting and financial reporting principles. Basis of Accounting: The financial statements of the Fund are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues consisting substantially of tolls and fees, are recorded when earned, and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Toll revenue is recognized when the customers utilize the toll road facility. Enterprise funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services in connection with an enterprise fund's principal and ongoing operations.The principal operating revenues of the Fund are chargesto customers for use of the toll facility. Operating expenses for the Fund include the cost of services, administrative expenses, and depreciation and amortization on capital and intangible assets.All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses. Cash and investments: The Commission maintains cash and investments in accordance with the Investment Policy adopted by the Board of Commissioners in March 2019. The Investment Policy complies with the California Government Code (Code). Investments of bond proceeds as permitted by the applicable debt documents are maintained with U.S. Bank as trustee. Separate investment accounts are maintained for the proceeds of bond issues, with the earnings for each bond issue accounted for separately. The Fund participates in the Riverside County Pooled Investment Fund (RCPIF). Cash from other Commission revenue sources is commingled for investment purposes in the RCPIF, with investment earnings allocated to the different accounts based on average daily account balances. The Commission holds investments that are measured at fair value on a recurring basis. Investments in U.S. Treasury obligations, U.S. agency securities, corporate notes, mortgage and asset -backed securities, and municipal bonds are carried at fair value based on quoted market prices, except for money market investments, which are carried at amortized cost which approximates fair value. The RCPIF is carried at fair value based on the value of each participating dollar as provided by RCPIF. Cash and cash equivalents: For the purpose of the statement of cash flows, the Commission considers all short-term investments with an initial maturity of three months or less to be cash equivalents. All deposits, commercial paper notes, money market funds, negotiable certificates of deposit, and the Fund's share of the RCPIF represent cash and cash equivalents for cash flow purposes. 110 14 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2019 Note 2. Summary of Significant Accounting Policies, Continued Restricted cash and investments: Investments set aside in the Senior Lien Obligations Reserve Fund, Senior Lien Capitalized Interest Fund, Residual Fund Scheduled Retained Balance Fund, and Toll Revenue Fund are pursuant to the terms of the 2013 Indenture and their use is limited by applicable debt terms and conditions. Permitted investments per the debt indentures include government obligations, State of California and local agency obligations, banker's acceptances, commercial paper notes, negotiable certificates of deposit, repurchase agreements, money market funds, other mutual funds, investment agreements, RCPIF, and variable and floating rate securities. Receivables: Violations receivables include uncollected violation tolls and penalties. Unpaid violations of $53,146,325 as ofJune 30, 2019 are not recognized as revenue until payment is received and therefore are reflected as unearned revenue. If violations and penalties remain owed for more than 90 days, they are turned over to the collection agency. Unpaid violations remain recorded for a period of four years in accordance with the statute of limitations, at which time, they will be deemed uncollectible. Accounts receivables include amounts due from other California toll road agencies related to their customers' use of the RCTC 91 Express Lanes, as well as amounts owed from the Orange County Transportation Authority (OCTA) in accordance with a cooperative agreement. Capital assets: Capital assets include land and land improvements; toll infrastructure; buildings; equipment, furniture and fixtures; and transponders. Capital assets are defined by the Fund as assets with an initial, individual cost of more than $5,000 and a useful life in excess of one year. It is also the Fund's policy to capitalize transponder purchases, as they are considered a significant class of assets even though individually under $5,000. Such assets are recorded at historical cost. The costs of normal maintenance and repairs that do not add value to the asset or materially extend asset lives are not capitalized. Capital assets are depreciated using the straight-line method over the following estimated useful lives: Asset Type Useful Life Buildings 10 years Equipment, furniture and fixtures 3 to 5 years Toll infrastructure 5 to 10 years Transponders 5 years Intangible assets: In May 2012 the Commission entered into a toll facility agreement with California's Department of Transportation (Caltrans) and obtained authority to toll the SR-91 from the Orange County/Riverside County line to 1-15 for 50 years commencing as of the first day on which the RCTC 91 Express Lanes open for public use and toll operations. The RCTC 91 Express Lanes opened on March 20, 2017. Deferred outflows of resources: In addition to assets, the statement of net position reports a separate section for deferred outflows of resources. This separate financial statement element, represents a consumption of net position that applies to a future period and so will not be recognized as an outflow of resources (expense) until then. As of June 30, 2019, the Fund has deferred outflows of resources related to pension and other post -employment benefits (OPEB). 111 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2019 Note 2. Summary of Significant Accounting Policies, Continued Due to other Commission funds: During the course of operations, transactions occur between Commission governmental funds involving goods provided and services rendered. Compensated absences: Vacation hours accumulated and not taken at year-end is reported as a long- term liability, net of current portion, in the Fund. Sick leave is recorded as an expense when taken by the employee. Employees with continuous five years of service have the option of being paid for sick leave accumulated in excess of 240 hours at a rate of 50% (i.e., one hour's pay for every two hours in excess of 240). Any sick leave in excess of 240 hours is accrued at fiscal year-end, and a liability is reported in the Fund. Pensions: For purposes of measuring the net pension liability and deferred outflows/inflows of resources related to pensions and pension expense, information aboutthe fiduciary net position of the Commission's California Public Employees' Retirement System (CaIPERS) plans (Plans) and additions to/deduction from Plans' fiduciary net position have been determined on the same basis as they are reported by CaIPERS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with benefit terms. Investments are reported at fair value. Post -employment benefits other than pensions: For purposes of measuring the net OPEB asset, deferred outflows/inflows of resources related to the OPEB asset and OPEB expense, information about the fiduciary net position of the Commission's OPEB plan, and additions to/deductions from the OPEB fiduciary net position have been determined on the same basis as they are reported by California Employers' Retiree Benefit Trust administered by CaIPERS. For this purpose, benefit payments are recognized when due and payable in accordance with benefit terms. Investments are reported at fair value, except for money markets and participating interest -earning investment contracts that have a maturity at the time of purchase of one year or less, which is reported at cost. Deferred inflows of resources: In addition to liabilities, the statement of net position reports a separate section for deferred inflows of resources. This separate financial statement element, represents an acquisition of net position that applies to a future period and will not be recognized as an inflow of resources, or revenue, until then. The Fund has deferred inflows of resources related to pension and other post -employment benefits. Risk management: The Fund purchases commercial property insurance including business interruption, earthquake, and flood coverage related to the toll facility. Net position: Net position represents the difference between assets plus deferred outflow of resources and liabilities plus deferred inflow of resources and is classified into two categories: • Net investment in capital assets consists of capital and intangible assets, net of accumulated depreciation, reduced by the outstanding balances of any borrowings used for the acquisition, construction, or improvement of those assets and excludes unspent debt proceeds. • Restricted net position represents restricted assets less liabilities related to those assets. Restricted assets are recorded when there are limitations imposed by creditors (such as through debt covenants). The statement of net position includes restricted net position for the portion of net toll revenues restricted by the 2013 Master Indenture for toll operations The deficit in net investment in capital assets will be reduced by future toll revenues for the payment of outstanding toll obligations. 112 16 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2019 Note 2. Summary of Significant Accounting Policies, Continued Use of estimates: The preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumption that affect certain reported amounts and disclosures during the reporting period. As such, actual results could differ from those estimates. Note 3. Cash and Investments Cash and investments are comprised of the following at June 30, 2019: Cash in bank Investments With RCPIF With Trustee Total investments Total cash and investments Total cash and investments are reported in the financial statements as: Unrestricted cash and investments Restricted cash and investments Total cash and investments $ 484,511 24,718,714 76,380,134 101,098,848 $ 101,583,359 $ 25,203,225 76,380,134 $ 101,583,359 Fair Value Hierarchy: The Commission categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure fair value of the assets. Level 1 inputs are quoted prices in an active market for identical assets; Level 2 inputs are based on similar observable assets either directly or indirectly, which may include inputs in markets that are not considered to be active; and Level 3 inputs are significant unobservable inputs (the Commission does not value any of its investments using Level 3 inputs). 113 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2019 Note 3. Cash and Investments, Continued The following is a summary of the fair value hierarchy of the fair value of investments of the Fund as of June 30, 2019: Investments by fair value level: June 30, 2019 Fair Value Measurements Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Investments subject to fair value hierarchy: Mortgage and asset -backed securities U.S.Treasury obligations Money market mutual funds U.S. agency securities Corporate notes Commercial paper notes Negotiable certificates of deposit Municipal bonds Total investments measured atfair value Investments not subject to fair value hierarchy: RCPIF Total investments $ 22,604,143 19,470,332 17,110,412 8,733,428 6,687,359 1,074,440 500,020 200,000 76,380,134 $ 24,718,714 $ 101,098,848 19,470,332 $ 22,604,143 17,110,412 8,733,428 6,687,359 1,074,440 500,020 200,000 19,470,332 $56,909,802 Investments classified in Level 1 of the value hierarchy, valued at $19,470,332 are valued using quoted prices in active markets. Mortgage and asset -backed securities totaling $22,604,143, money market mutual funds totaling $17,110,412, U.S. agency securitiestotaling $8,733,428, corporate notestotaling $6,687,359, commercial paper notes totaling $1,074,440, negotiable certificates of deposit totaling $500,020, and municipal bonds totaling $200,000, classified in Level 2 of the fair value hierarchy, are valued using matrix pricing techniques maintained by various pricing vendors. Matrix pricing is used to value securities based on the securities' relationship to benchmark quoted prices. Fair value is defined as the quoted market value on the last trading day of the period. These prices are obtained from various pricing sources by the custodian bank. 114 18 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2019 Note 3. Cash and Investments, Continued As of June 30, 2 01 9, the Fund has the following investments: Investments Fair Value Principal Interest Rate Range Maturity Range Weighted Average Maturity (Years) RCPIF Held by Trustee Negotiable certificates of deposit Commercial paper notes Corporate notes Money market mutual funds Mortgage and asset -backed securities Municipal bonds U.S. agency securities U.S.Treasury obligations Total Investments Portfolio weighted average $ 24,718,714 $ 24,623,911 500,020 1,074,440 6,687,359 17,110,412 22,604,143 200,000 8,733,428 19,470,332 500,012 1,074,416 6,646,862 17,110,412 22,555,729 200,000 8,717,247 19,413,386 $101,098,848 $100,841,975 1.00%-3.330% 0.055% 1.656%.-1.828% 2.061 % - 2.944% 0.000%-1.860% -0.598%- 3.885% 2.360% - 2.400% 1.778%- 2.584% 0.283% - 2.656% 07/01 /19 - 06/21 /24 N/A 07/08/19 - 07/11 /19 07/02/19 - 05/20/22 N/A 08/15/19 - 09/16/55 07/01 /38 -11 /15/52 07/26/19 - 01 /13/22 08/31 /19 - 01 /15/29 1.104 0.022 0.024 1.213 0.000 9.077 26.210 1.447 2.361 5.044 The weighted average maturity is calculated using the investment's effective duration weighted by the investment's fair value. As of June 30, 2019, mortgage and asset -backed securities totaled $22,604,143. The underlying assets are consumer receivables that include credit cards, auto/equipment, and home loans. The securities have a fixed interest rate and are rated Aaa/AA+ at least two of the three nationally recognized statistical rating organizations. Deposits and withdrawals in the RCPIF are made on the basis of $1.00 (cost basis) and not fair value. Accordingly, the Fund's investment at June 30, 2019 is uncategorized, not defined as Level 1, Level 2, or Level 3 input. Interest rate risk: While the Commission does not have a formal policy related to the interest rate risk of investments, the Commission's investment policy follows the Code as it relates to limits on investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates. In accordance with the Commission's investment policy, restricted investments are invested in accordance with the maturity provisions of the specific bond indenture, which may extend beyond five years. Custodial credit risk: Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty (e.g., broker -dealer) to a transaction, a government will not be able to recover the value of its investment or collateral securities that are in the possession of another party. The Commission's investment policy requires that a third party bank trust department hold all securities owned by the Commission. All trades are settled on a delivery versus payment basis through the Commission's safekeeping agent. The Fund has deposits with a bank balance of $484,511 with a financial institution; bank balances over $5,000,000 are swept daily into a money market account. Of the bank balance, up to $250,000 is federally insured under the Federal Depository Insurance Corporation with balances in excess of 115 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2019 Note 3. Cash and Investments, Continued $250,000 collateralized in accordance with the Code; however, the collateralized securities are not held in the name of the Commission. Credit risk: The Commission's investment policy as well as the specific bond indentures set minimum acceptable credit ratings for investments from any of the three nationally recognized statistical rating organizations. The following table is a summary of the credit quality distribution and concentration of credit risk by investment type as a percentage of each category's fair value at June 30, 2019; securities denoted as NR are not rated by one of the nationally recognized statistical rating organizations. Investments Moody's S&P % of Portfolio RCPIF Aaa-bf AAA/f/S1 24.45% Negotiable certificates of deposit P1 Al 0.49% Commercial paper notes Notes P1 Al 0.37% Notes P1 A2 0.37% Notes P2 A2 0.32% Corporate Notes Al A 0.40% Notes Al A+ 0.20% Notes Al AA- 0.40% Notes A2 A 0.59% Notes A2 A- 1.25% Notes A2 A+ 0.22% Notes A3 A 0.52% Notes A3 A- 0.69% Notes A3 BBB+ 0.96% Notes Aa1 AA- 0.20% Notes Aa2 A+ 0.40% Notes Aaa NR 0.40% Notes Baal A- 0.40% Money market mutual funds Funds Aaa AAAm 16.92% Mortgage and asset backed securities Securities Aaa AA+ 21.22% Securities Aaa AAA 0.24% Securities Aaa NR 0.78% Securities NR AAA 0.11% Municipal bonds Maine State Housing Authority Aa1 AA+ 0.10% North Dakota Housing Finance Agency Aa1 NR 0.10% U.S. agency securities Notes Aaa AA+ 7.65% Notes P-1 A-1+ 0.99% U.S. Treasuries Treasury NR NR 19.26% Total 100.00% 116 20 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2019 Note 3. Cash and Investments, Continued Concentration of credit risk: The Commission's investment policy places a limit of 10% on the amount of investment holdings with any one non-U.S. Government or non-federal agency issuer. As of June 30, 2019, the Commission did not have investments in any one issuer that represents more than 5% of the Commission's total investments. Note 4. Capital Assets Capital assets activity for the Fund for the year ended June 30, 2019 is as follows: Balance June 30, 2018 Additions Deletions Balance June 30, 2019 Capital assets not being depreciated: Land and land improvements Construction in progress Total capital assets not being depreciated Capital assets being depreciated: Toll infrastructure Transponders Buildings Equipment, furniture, and fixtures Total capital assets being depreciated Less accumulated depreciation for: Toll infrastructure Transponders Buildings Equipment, furniture, and fixtures Total accumulated depreciation Total capital assets being depreciated, net Capital assets, net $ 43,032,888 $ 174,151 43,207,039 27,899,996 453,819 686,813 25,460 29,066,088 (6,688,530) (93,638) (242,405) (8,999) (7,033,572) 22,032,516 $ 65,239,555 - $ (4,296,755) $ 38,736,133 (174,151) - (4,470,906) 38,736,133 920,813 35,235 956,048 (5,481,818) (90,764) (84,249) (13,796) (5,670,627) (4,714,579) $ (4,714,579) $ (4,470,906) - 27,899,996 (1) 453,818 - 1,607,626 - 60,695 (1) 30,022,135 1 1 (12,170,348) (184,402) (326,654) (22,794) (12,704,198) 17,317,937 $ 56,054,070 Note 5. Intangible Assets and Service Concession Arrangements On May 14, 2012, the Commission entered into a toll facilities agreement with Caltrans providing the Commission with authorization to toll the SR-91 from Orange/Riverside County line to 1-15 for 50 years commencing as of the first day on which the RCTC 91 Express Lanes open for public use and toll operations. The agreement also set forth the Commission's leasehold rights to Caltrans' right of way and Caltrans' oversight role in the operations and maintenance of the RCTC 91 Express Lanes. 117 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2019 Note 5. Intangible Assets and Service Concession Arrangements, Continued Intangible asset activity for the year ended June 30, 2019 was as follows: Balance June 30, 2018 Balance Additions Deletions June 30, 2019 Toll facility franchise Less accumulated amortization Total toll facility franchise, net $ 249,927,114 $ 765,378 $ - $ 250,692,492 (5,881,294) - (5,010,054) (10,891,348) $ 244,045,820 $ 765,378 $ (5,010,054) $ 239,801,144 Note 6. Interfund Transactions Due from/to other Commission funds: The composition of balances related to due from other funds and due to other funds of the Commission at June 30, 2019 is as follows: I Payable Fund Receivable Fund Amount Explanation RCTC 91 Express Lanes Enterprise fund RCTC 91 Express Lanes Enterprise fund RCTC 91 Express Lanes Enterprise fund RCTC 91 Express Lanes Enterprise fund Total due to other Commission funds Commission's General fund Commission's General fund Commission's Special Revenue fund Commission's Special Revenue fund $ 39,700 99,026 611,984 1,587,931 $ 2,338,641 Administrative cost allocation Fringe benefits allocation Administrative cost allocation 91 Corridor Operations project Transfers to/from other Commission funds: During 2019, transfers to/from other Commission funds were as follows: Transfer Out Transfer In Amount Explanation RCTC 91 Express Lanes Enterprise fund RCTC 91 Express Lanes Enterprise fund RCTC 91 Express Lanes Enterprise fund Commission's Governmental activities Total transfers Commission's Special Revenue fund Commission's Special Revenue fund Commission's Capital Projects fund RCTC 91 Express Lanes Enterprise fund $ (2,630,790) (611,984) (500,000) 765,378 $ 2,977,396 Transfer of surplus funds to fund the 91 Corridor Operations project Transfer of surplus funds to fund the 15/91 Express Lanes Connector project Transfer of excess investment earnings to toll senior lien project bond fund Transfer of intangible assets 118 22 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2019 Note 7. Long Term Obligations The following is a summary of changes in long-term debt obligations for the year ended June 30, 2019: Balance Additions / June 30, 2018 Accretion Reductions Balance Due Within June 30, 2019 One Year Toll revenue bonds: 2013 Bonds $ 196,596,616 $4,828,668 $ $ 201,425,284 $ Toll revenue bonds discount (2,074,446) - 73,073 (2,001,373) Total bonds payable, net 194,522,170 4,828,668 73,073 199,423,911 TIFIA loan 453,980,866 15,889,794 - 469,870,660 - Compensated absences liability 54,732 326 (208) 54,850 21,772 Total long-term obligations $ 648,557,768 $ 20,718,788 $ 72,865 $ 669,349,421 $ 21,772 In July 2010, the Commission authorized the issuance and sale of not to exceed $900 million of toll revenue bonds related to the 91 Project. 2013 Toll Revenue Bonds, Series A (Current Interest Obligation): Outstanding In July 2013, the Commission issued $123,825,000 principal amount of serial current interest bonds (CIBs) at a discount of $2,433,315 to fund a portion of the 91 Project, pay capitalized interest during construction, fund a debt service reserve fund, fund an initial amount for an operations and maintenance fund, and pay costs of issuance. The CIBs consist of a serial bond maturing on June 1, 2044 in the amount of $39,315,000 at an interest rate of 5.75% and a term bond due on June 1, 2048 in the amount of $84,510,000 with annual sinking funds payments of $42,255,000 on June 1, 2047 and June 1, 2048 at an interest rate of 5.75%. $123,825,000 In accordance with the bond maturity schedule, annual debt service requirements to maturity for the 2013 Toll Revenue Bonds CIBs payable throughout the term of the bonds are as follows: Year Ending June 30 Principal Interest Total 2020 $ $ 7,119,900 $ 7,119,900 2021 7,119,900 7,119,900 2022 7,119,900 7,119,900 2023 - 7,119,900 7,119,900 2024 - 7,119,900 7,119,900 2025-2029 - 35,599,700 35,599,700 2030-2034 - 35,599,700 35,599,700 2035-2039 - 35,599,700 35,599,700 2040-2044 39,315,000 35,599,700 74,914,700 2045-2048 84,510,000 17,007,800 101,517,800 $ 123,825,000 $ 195,006,100 $ 318,831,100 119 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2019 Note 7. Long Term Obligations, Continued 2013 Toll Revenue Bonds, Series B (Capital Appreciation Obligation): Outstanding Iln July 2013, the Commission issued $52,829,600 principal amount of serial capital appreciation bonds (CABs) to fund a portion of the 91 Project, pay capitalized interest during construction, fund a debt service reserve fund, fund an initial amount for an operations and maintenance fund, and pay costs of issuance. The CABs will not pay current interest as interest will be compounded commencing December 2013 semiannually and paid at maturity. Therefore, the CABs will increase in value, or accrete, by the accumulation of such compounded interest from its initial principal amount to the maturity value in installments ranging from $3,440,000 to $34,220,000 on various dates from June 1, 2022 through June 1, 2043. Interest rates and yield to maturity range from 5.30% to 7.15%. During 2019, the accretion amount was $4,828,668. During 2019, the accretion amount was $4,828,668; the aggregate accretion through June 30, 2019 is $24,770,681. $ 77,600,284 In accordance with the bond maturity schedule, annual debt service requirements to maturity for the 2013 Toll Revenue Bonds CABs payable throughout the term of the bonds are as follows: Year Ending June 30 Principal Accreted Interest Total 2022 2023 2024 2025-2029 2030-2034 2035-2039 2040-2043 $ 2,396,700 3,098,000 3,739,200 20,311,000 11,492,900 11,791,800 $1,423,300 2,231,900 3,245,900 29,634,000 30,657,100 78,458,200 $ $145 650 400 $ $ 3,820,000 5,329,900 6,985,100 49,945,000 42,150,000 52 829 600 90,250,000 198 480 000 TIFIA Loan Agreement: Outstanding In July 2013, the Commission executed a TIFIA loan of up to $421,054,409, which proceeds financed a portion of the costs for the 91 Project. During construction and for a period of up to five years following substantial completion, interest is compounded and added to the initial TIFIA loan. The TIFIA loan requires mandatory debt service payments at a minimum and scheduled debt service payments to the extent additional funds are available. TIFIA debt service payments are expected to commence on December 1, 2021, which is five years after substantial completion of the 91 Project, through June 1, 2051. The interest rate of the TIFIA loan is 3.47%. $ 469,870,660 The TIFIA loan is a toll revenue bond that is subordinate to the senior toll revenue bonds. In accordance with the TIFIA loan maturity schedule, the approximate mandatory annual debt service requirements to maturity for the TIFIA loan payable throughout the term of the loan are as follows: 120 24 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2019 Note 7. Long Term Obligations, Continued ■ Year Ending June 30 Mandatory Principal Interest Total 2022 2023 2024 2025-2029 2030-2034 2035-2039 2040-2044 2045-2049 2050-2051 Total Future compounded interest Total TIFIA loan 9,914,000 117,632,000 79,124,000 247,089,000 49,579,000 503,338,000 (33,467,340) $ 469,870,660 $ 1,921,000 1,921,000 1,924,000 25,570,000 87,312,000 78,402,000 57,931,000 35,110,000 2,050,000 $ 292,141,000 $ 1,921,000 1,921,000 1,924,000 25,570,000 97,226,000 196,034,000 137,055,000 282,199,000 51,629,000 $ 795,479,000 In connection with the issuance of the 2013 Toll Revenue Bonds consisting of the CIBs and CABS, a debt service reserve of $17,665,460 and an operations and maintenance fund of $3,137,666 were established. Additionally, the toll indenture and TIFIA loan agreement require the Commission to establish a subordinate obligations reserve fund of $20,000,000 no later than July 1, 2019. The $20,000,000 reserve was funded in June 2019 from the proceeds of the sale of excess properties on the SR-91 and surplus revenues. Note 8. Commitments and Contingencies Cooperative agreements: The RCTC SR-91 Express lanes are jointly operated with the existing OCTA 91 Express Lanes and collectively referred to as the 91 Express Lanes. Under the Orange -Riverside Cooperative Agreement, which was entered into in December 2011, the Commission and OCTA agreed on the use of the same initial toll operator, cost and revenue sharing, toll policies, business rules, interoperability of technology, and marketing activities as well as OCTA review of design plans and construction activities for the 91 Project. In May 2013 the Commission entered into a three -party agreement with OCTA and the third -party toll operator, for the operations of the 91 Express Lanes. This will ensure streamlined and consistent intercounty travel for motorists on the OCTA 91 Express Lanes in Orange County and RCTC 91 Express Lanes in Riverside County. The third -party operator provides operating services to the Commission in the annual amount of $6,942,600 plus inflation for three initial years with two one-year extension options, subject to Board of Commissioners approval. The third -party operator is responsible for the day-to- day operations of the toll facility; another contractor is responsible for maintaining the roadside toll collection system under a separate agreement with the Commission. The agreement with the third -party operator expires on December 31, 2021, as amended in September 2019. Purchase commitments: The Fund has entered into other agreements in the ordinary course of business with companies and other governmental agencies related to operations and maintenance. These agreements, which are significant, are funded with available and future revenues. 121 RCTC 91 Express Lanes Fund Notes to Financial Statements June 30, 2019 Note 9. Pensions and Other Post -Employment Benefits Other Than Pensions The Fund participates in the Commission's cost -sharing multiple employer defined benefit pension plan administered by the California Public Employees' Retirement System and the Commission's OPEB. Employees of the Fund are employees of the Commission as a whole. The required note disclosures regarding pension plans and OPEB are included in the Commission's financial statements. Please see those financial statements for information about the pension plans and OPEB as a whole. The net pension liability of $537,539 and net OPEB asset of $2,578, reported by the Fund, represent the Fund's proportional share of the Commission's net pension liability of $8,340,905 and net OPEB asset of $40,000. The Fund's net pension liability and net OPEB asset each represent 6.44% of the Commission's net pension liability and net OPEB asset, respectively. Note 10. Pronouncements Issued, Not Yet Effective The GASB pronouncements issued prior to June 30, 2019 that have an effective date that may impact future financial presentations include: • GASB Statement No. 87, Leases, effective for fiscal years beginning after December 15, 2019; • GASB Statement No. 89, Accounting for Interest Cost Incurred Before the End of a Construction Period, effective for fiscal years beginning after December 15, 2019; • GASB Statement No. 90, Majority Equity Interests -An Amendment of GASB Statement No. 14 and No. 61, effective for fiscal years beginning after December 15, 2018; and • GASB Statement No. 91, Conduit Debt Obligations, effective for fiscal years beginning after December 15, 2020. 122 m N r-I RIVERSIDE COUNTY TRANSPORTATION COMMISSION 124 RIVERSIDE COUNTY TRANSPORTATION COMMISSION Riverside County Transportation Commission (951) 787-7141 • www.rctc.org 4080 Lemon Street, 3rd Floor P.O. Box 12008 • Riverside, CA 92502-2208 125 ATTACHMENT 9 MGO Certified Public Accountants Independent Auditor's Report on Compliance With Aspects of Contractual Agreements Board of Commissioners Riverside County Transportation Commission Riverside, California We have audited, in accordance with auditing standards generally accepted in the United States of America, and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, the financial statements of the Riverside County Transportation Commission (the Commission) as of and for the year ended June 30, 2019, and the related notes to the financial statements, which collectively comprise the Commission's basic financial statements, and have issued our report thereon dated October 31, 2019. In connection with our audit, nothing came to our attention that caused us to believe that the Commission failed to comply with the terms, covenants, provisions or conditions of Sections 6.2(g) and 6.2(1) contained in the Reimbursement Agreement, dated October 1, 2014, with State Street Bank and Trust Company, a wholly -owned subsidiary of State Street Corporation, related to the Commercial Paper Notes (Limited Tax Bonds) Series A, insofar as they relate to accounting matters. However, our audit was not directed primarily toward obtaining knowledge of such noncompliance. Accordingly, had we performed additional procedures, other matters may have come to our attention regarding the Commission's noncompliance with the above -referenced terms, covenants, provisions or conditions of the Reimbursement Agreement, insofar as they relate to accounting matters. The report is intended solely for the information and use of the Board of Commissioners and management of the Commission and State Street Bank and Trust Company and is not intended to be, and should not be, used by anyone other than these specified parties. i itlatcfois 67eo' melt Z_N) Newport Beach, California October 31, 2019 Macias Gini & O'Connell LLP 4675 MacArthur Court, Suite 600 Newport Beach, CA 92660 1716 www.mgocpa.com ATTACHMENT 10 MGO Certified Public Accountants October 31, 2019 To the Audit Ad Hoc Committee Riverside County Transportation Commission Riverside, California We have audited the financial statements of Riverside County Transportation Commission (the Commission) as of and for the year ended June 30, 2019, and have issued our report thereon dated October 31, 2019. Professional standards require that we advise you of the following matters relating to our audit. Our Responsibility in Relation to the Financial Statement Audit As communicated in our engagement letter dated June 12, 2019, our responsibility, as described by professional standards, is to form and express an opinions about whether the financial statements that have been prepared by management with your oversight are presented fairly, in all material respects, in accordance with accounting principles generally accepted in the United States of America. Our audit of the financial statements does not relieve you or management of your respective responsibilities. Our responsibility, as prescribed by professional standards, is to plan and perform our audit to obtain reasonable, rather than absolute, assurance about whether the financial statements are free of material misstatement. An audit of financial statements includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control over financial reporting. Accordingly, as part of our audit, we considered the internal control of the Commission solely for the purpose of determining our audit procedures and not to provide any assurance concerning such internal control. We are also responsible for communicating significant matters related to the audit that are, in our professional judgment, relevant to your responsibilities in overseeing the financial reporting process. However, we are not required to design procedures for the purpose of identifying other matters to communicate to you. Planned Scope and Timing of the Audit We conducted our audit consistent with the planned scope and timing we previously communicated to you. Compliance with All Ethics Requirements Regarding Independence The engagement team, others in our firm, as appropriate, our firm, and our network firms have complied with all relevant ethical requirements regarding independence. Macias Gini & O'Connell LLP 4675 MacArthur Court, Suite 600 Newport Beach, CA 92660 1/7 www.mgocpa.com Qualitative Aspects of the Entity's Significant Accounting Practices' Significant Accounting Policies Management has the responsibility to select and use appropriate accounting policies. A summary of the significant accounting policies adopted by the Commission is included in Note 1 to the financial statements. As of July 1, 2018, the Commission implemented Governmental Accounting Standards Board (GASB) Statement No. 83, Certain Asset Retirement Obligations and GASB Statement No. 88, Certain Disclosures Related to Debt, Including Direct Borrowings and Direct Placements, however, implementation of these Standards did not materially impact the Commission's financial statements. The application of existing policies was not changed during the year. No matters have come to our attention that would require us, under professional standards, to inform you about (1) the methods used to account for significant unusual transactions and (2) the effect of significant accounting policies in controversial or emerging areas for which there is a lack of authoritative guidance or consensus. Significant Accounting Estimates Accounting estimates are an integral part of the financial statements prepared by management and are based on management's current judgments. Those judgments are normally based on knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ markedly from management's current judgments. The most sensitive accounting estimates affecting the financial statements and management's basis for the estimates were: • Fair values of investments are based on quoted market prices or significant other observable inputs from independent published sources; • Depreciation estimates for capital assets are based on estimated useful lives for capital assets; • Valuations of actuarially determined contributions, deferred outflows of resources, deferred inflows of resources and net other postemployment benefits (OPEB) asset for the OPEB plan are based on actuarial calculations, which incorporate actuarial methods and assumptions adopted by the Board of Commissioners; • Valuations of actuarially determined contributions, deferred outflows of resources, deferred inflows of resources and net pension liability for the pension plan are based on actuarial calculations, which incorporate actuarial methods and assumptions adopted by the Board of Commissioners; and • Costs of the SR-91 and the I-15 Corridor Improvement Project that are capitalized versus not capitalized are based upon management's allocation of the portion of the project costs that relate to the toll lanes that the Commission will own and operate and the general purpose lanes that will not be owned or operated by the Commission. We evaluated the key factors and assumptions used to develop the estimates described above and determined that they are reasonable in relation to the basic financial statements taken as a whole and in relation to the applicable opinion units. 138 Financial Statement Disclosures Certain financial statement disclosures involve significant judgment and are particularly sensitive because of their significance to financial statement users. The most sensitive disclosures affecting the Commission's financial statements relate to: • The disclosure of net pension liability and OPEB benefits in Note 11 and 12 to the basic financial statements, respectively, are based on actuarial valuations. • The Commission's long term obligations disclosures in Note 7 to the basic financial statements. Significant Difficulties Encountered during the Audit We encountered no significant difficulties in dealing with management relating to the performance of the audit. Uncorrected and Corrected Misstatements For purposes of this communication, professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that we believe are trivial, and communicate them to the appropriate level of management. Further, professional standards require us to also communicate the effect of uncorrected misstatements related to prior periods on the relevant classes of transactions, account balances or disclosures, and the financial statements as a whole and each applicable opinion unit. Management has corrected all identified misstatements. In addition, professional standards require us to communicate to you all material, corrected misstatements that were brought to the attention of management as a result of our audit procedures. None of the misstatements identified by us as a result of our audit procedures and corrected by management were material, either individually or in the aggregate, to the financial statements taken as a whole or applicable opinion units. Disagreements with Management For purposes of this letter, professional standards define a disagreement with management as a matter, whether or not resolved to our satisfaction, concerning a financial accounting, reporting, or auditing matter, which could be significant to the Commission's financial statements or the auditor's report. No such disagreements arose during the course of the audit. Representations Requested from Management We have requested certain written representations from management, which are included in the attached letter dated October 31, 2019. Management's Consultations with Other Accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters. Management informed us that, and to our knowledge, there were no consultations with other accountants regarding auditing and accounting matters. 139 Other Significant Matters, Findings, or Issues In the normal course of our professional association with the Commission, we generally discuss a variety of matters, including the application of accounting principles and auditing standards, operating and regulatory conditions affecting the entity, and operational plans and strategies that may affect the risks of material misstatement. None of the matters discussed resulted in a condition to our retention as the Commission's auditors. Other Information in Documents Containing Audited Financial Statements (if applicable) Pursuant to professional standards, our responsibility as auditors for other information in documents containing the Commission's audited financial statements does not extend beyond the financial information identified in the audit report, and we are not required to perform any procedures to corroborate such other information. However, in accordance with such standards, we performed the following: We applied certain limited procedures to the management's discussion and analysis, budgetary comparison schedules and information related to the pension and other postemployment benefit plans which are required supplementary information (RSI) that supplements the basic financial statements. Our procedures consisted of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We did not audit the RSI and do not express an opinion or provide any assurance on the RSI. We were engaged to report on the combining and individual nonmajor fund financial statements, budgetary comparison schedules, schedules of expenditures, and schedules of uses of debt proceeds and fund balances which accompany the financial statements but are not RSI. With respect to this supplementary information, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves. We were not engaged to report on the introductory and statistical sections, which accompany the financial statements but are not RSI. We did not audit or perform other procedures on this other information and we do not express an opinion or provide any assurance on it. Our responsibility also includes communicating to you any information which we believe is a material misstatement of fact. Nothing came to our attention that caused us to believe that such information, or its manner of presentation, is materially inconsistent with the information, or manner of its presentation, appearing in the financial statements. This report is intended solely for the information and use of the Board of Commissioners, the Audit Ad Hoc Committee, and management of the Commission and is not intended to be and should not be used by anyone other than these specified parties. i /YoLciois Onnitel Newport Beach, California October 31, 2019 1p ATTACHMENT 11 RIVERSIDE COUNTY TRANSPORTATION COMMISSION Independent Accountant's Report on Applying Agreed -Upon Procedures for Appropriations Limit Calculation For the Year Ended June 30, 2019 Certified Public Accountants Certified Public Accountants Independent Accountant's Report on Applying Agreed -Upon Procedures Board of Commissioners Riverside County Transportation Commission Riverside, California We have performed the procedures enumerated below to the accompanying Appropriations Limit Calculation of the Riverside County Transportation Commission (the Commission) for the year ended June 30, 2019. These procedures, which were agreed to by the Commission and the League of California Cities (the League) as presented in the publication entitled Agreed -Upon Procedures Applied to the Appropriations Limitation Prescribed by Article XIII-B of the California Constitution, were performed solely to assist the Commission in meeting the requirements of Section 1.5 of Article XIII-B of the California Constitution. The Commission's management is responsible for the Appropriations Limit Calculation. The sufficiency of these procedures is solely the responsibility of the Commission and the League. Consequently, we make no representation regarding the sufficiency of the procedures described below, either for the purpose for which this report has been requested or for any other purpose. The procedures and associated findings are as follows: 1. We obtained the completed internal calculations from management and compared the limit and annual adjustment factors included in those calculations to the limit and annual adjustment factors that were adopted by resolution of the Board of Commissioners. We also compared the population and inflation options included in the aforementioned worksheets to those that were selected by a recorded vote of the Board of Commissioners. Finding: No exceptions were noted as a result of our procedures. 2. For the accompanying Appropriations Limit Calculation, we added line A, last year's limit, to line E, total adjustments, and compared the resulting amount to line F, current year's limit. Finding: No exceptions were noted as a result of our procedures. 3. We compared the current year information presented in the accompanying Appropriations Limit Calculation to the supporting calculations described in item 1 above. Finding: No exceptions were noted as result of our procedures. 4. We compared the prior year Appropriations limit presented in the accompanying Appropriations Limit Calculation to the prior year Appropriations Limit adopted by the Board of Commissioners during the prior year. Finding: No exceptions were noted as a result of our procedures. Macias Gini & O'Connell LLP 4675 MacArthur Court, Suite 600 Newport Beach, CA 92660 12 www.mgocpa.com This agreed -upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the accompanying Appropriations Limit Calculation of the Commission. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. No procedures have been performed with respect to the determination of the appropriations limit for the base year, as defined by Article XIII-B of the California Constitution. This report is intended solely for the information and use of the Board of Commissioners and management of the Commission, and is not intended to be, and should not be, used by anyone other than these specified parties. However, this report is a matter of public record and its distribution is not limited. tlacias git ? ��c4�1ii�1(i LA) Newport Beach, California October 31, 2019 13 Riverside County Transportation Commission Appropriations Limit Calculation Year Ended June 30, 2019 Amount Source A. Last year's limit B. Adjustment factors: 1. Population change 2. Per capita change 3. Total adjustments [(B.1 x B.2)-1.0] $ 441,572,195 1.014000000 State Finance 1.036700000 State Finance 0.051213800 C. Annual adjustment 22,614,590 (B.3 X A) D. Other adjustments: 1. Lost responsibility (-) 2. Transfer to private (-) 3. Transfer to fees (-) 4. Assumed responsibility (+) E. Total adjustments 22,614,590 (C+D) F. This year's limit $ 464,186,785 (A+E) 134 1'r1GO Certified Public Accountants Independent Accountant's Report on Applying Agreed -Upon Procedures Board of Commissioners Riverside County Transportation Commission Riverside, California ATTACHMENT 12 We have performed the procedures enumerated below, which were agreed to by management of the Riverside County Transportation Commission (the Commission), to assist the Commission's management in assessing vendor compliance with the requirements of the Commission's agreement with William Sale Partnership USA Inc. (WSP) to administer its Measure A Commuter Assistance Program (the Program) for the year ended June 30, 2019. The Commission is responsible for the administration and operation of the Program. The sufficiency of these procedures is solely the responsibility of the party specified in the report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. As background information for this engagement to perform agreed -upon procedures, we were provided with: Resolution No. 03-025, Resolution of the Commission Amending Guidelines for the administration of the Measure A funded Commuter Incentive Programs, and Agreement No.15-41-038-00, Agreement for Commuter Assistance Program Graphic Design and Program Administration Services between William Sale Partnership USA Inc. and the Commission, entered into as of June 1, 2015 for the period of June 1, 2015 to June 30, 2019, as amended per Amendments Nos. 1 to 4, and the Inland Empire (IE) Commuter Incentives Programs and Processes Standard Operating Procedures. In addition, we received an explanation of the WSP registration process with the employer and employee from staff at WSP. Our procedures and findings are as follows: 1) Obtain an understanding of the Administration of the Measure A Commuter Assistance Program by reading Resolution No. 03-025, Resolution of the Commission Amending Guidelines for the Administration of the Measure A Funded Commuter Incentive Program. Finding: No exceptions noted as a result of performing this procedure. 2) Obtain a listing of all disbursements to vendors and invoiced to the Commission for reimbursement by WSP for the purchase of gift cards for the year ending June 30, 2019, and haphazardly select a sample of 10 items for the year for the testing and report any findings (see Exhibit 1). Our procedures and findings related to Exhibit 1 are as follows: a) Agree the amount recorded as disbursed by WSP to cancelled checks. Finding: No exceptions noted as a result of performing this procedure. b) Agree the amount recorded as itemized in WSP invoices to the Commission's accounting records. Finding: No exceptions noted as a result of performing this procedure. Macias Gini & O'Connell LLP 4675 MacArthur Court, Suite 600 Newport Beach, CA 92660 15 www.mgocpa.com c) Agree the amount recorded and the payee on the Check Request Register to the log of requested gift cards maintained by WSP. Finding: No exceptions noted as a result of performing this procedure. 3) Obtain the "Commission Payments by Employer" reports that list recorded disbursements made to recipients by WSP for the year and haphazardly select a sample of 10 items for the year for testing and report any findings (see Exhibit 2). Our procedures and findings related to Exhibit 2 are as follows: a) Determine that the employer was registered by reviewing the Employer Partnership Agreement (EPA). Finding: No exceptions noted as a result of performing this procedure. b) Determine that the employee was registered by reviewing the Incentive Application Form. Finding: No exceptions noted as a result of performing this procedure. c) Agree WSP's disbursements to the Application and note proper approval of the Application. Finding: No exceptions noted as a result of performing this procedure. d) Recalculate the number of days the employee participated in each rideshare mode and the incentive earned for each rideshare mode and agree those totals to the amounts listed on the monthly incentive claim form in order to clerically test the monthly claim form. Finding: No exceptions noted as a result of performing this procedure. e) Agree the daily amount per mode of transportation to the amount approved in the EPA. Finding: No exceptions noted as a result of performing this procedure. 0 Agree the recorded disbursement amount per the WSP Incentive Payment Report to the employer transmittal letter. Finding: No exceptions noted as a result of performing this procedure. 4) Compare WSP's total gift card inventory balance as of June 30, 2019, to the inventory schedule which denotes the amount of gift cards on hand at that date and report the results. In addition, 100% of the gift cards as reported on the inventory schedule at June 30, 2019, will be selected for recounting. Finding: Disbursement of gift cards by WSP was stopped on June 29, 2019, and no disbursements were made until July 1, 2019, or later. As such, WSP took an inventory count on June 29, 2019, and we recounted the following on July 2, 2019, without exception: RCTC Advantage Rideshare Program SANBAG Option Rideshare Program Amazon Stater Bros. Target Walmart Total $ 7,060 $ 3,595 $ 6,740 $ 7,595 $ 24,990 4,135 6,930 7,370 7,605 26,040 $ 51,030 146 5) Confirm that the storage and security of gift cards by WSP is consistent with IE Commuter Standard Operating Procedures. Finding: No exceptions noted as a result of performing this procedure. This agreed -upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on assisting the Commission's management with assessing vendor compliance with the requirements of the Commission's agreement with WSP to administer the Program. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. This report is intended solely for the information and use of the Board of Commissioners and management of the Riverside County Transportation Commission, and is not intended to be and should not be used by anyone other than those specified parties. �oLS ( Ocola Newport Beach, California October 31, 2019 1�7 ATTACHMENT 13 RIVERSIDE COUNTY TRANSPORTATION COMMISSION October 31, 2019 4080 Lemon Street, 3rd Floor . Riverside, CA Mailing Address: P.O. Box 12008 . Riverside, CA 92502-2208 951.787.7141 .951.787.7920 . www.rctc.org Board of Commissioners Riverside County Transportation Commission Riverside, California The Comprehensive Annual Financial Report (CAFR) of the Riverside County Transportation Commission (Commission) for the year ended June 30, 2019 is hereby submitted for your receipt and acceptance. The CAFR is presented in three sections consisting of Introductory, Financial, and Statistical. The Financial Section includes the audited financial statements and other supplementary information and the independent auditor's report on those financial statements. Management of the Commission is responsible for the financial statements and other information presented in the CAFR. As the Executive Director and Chief Financial Officer of the Commission, we have reviewed the CAFR for the year ended June 30, 2019. Based on our knowledge, the CAFR does not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made in the CAFR not misleading with respect to the period covered by the CAFR. Additionally, based on our knowledge, the financial statements and other financial information included in the CAFR fairly present in all material respects the financial condition and results of operations of the Commission as of and for the year ended June 30, 2019. Anne Mayer, Executive Director Theresia Trevino, Chief Financial Officer 138 ATTACHMENT 14 RIVERSIDE COUNTY 4080 Lemon Street, 3rd Floor. Riverside, CA TRANSPORTATION Mailing Address: P.O. Box 12008. Riverside, CA 92502-2208 COMMISSION 951.787.7141. 951.787.7920. www.rctc.org October 31, 2019 Board of Commissioners Riverside County Transportation Commission Riverside, California In connection with the submission of the Comprehensive Annual Financial Report (CAFR) of the Riverside County Transportation Commission (Commission) for the year ended June 30, 2019, as the management and Directors of the Commission, we understand that we are responsible for the operations and activities of the Commission's programs, projects, and administration. Accordingly, we hereby make the following representations based upon our knowledge. We are responsible for establishing and maintaining controls and procedures related to these operations and activities. We have designed such controls and procedures to ensure that material information is made known to us, particularly during the year ended June 30, 2019. The controls and procedures have been effective for the year ended June 30, 2019 and through the date of this letter. There have been and are no significant deficiencies in the design or operation of internal controls regarding financial reporting for the same period which could adversely affect the Commission's ability to record, process, summarize and report financial data. There have been and are no material weaknesses in internal controls. There have been no significant changes in internal control or in other factors that could significantly affect internal controls subsequent to June 30, 2019. Management also recognizes its responsibility for fostering a strong ethical climate so that the Commission's affairs are conducted according to the highest standards of personal and organizational conduct. In connection with this responsibility, we are not aware of any fraud, whether or not material, that involves management or other employees who have a significant role in the Commission's internal controls. Anne Mayer, ExecutiDirector Michael Blomquist, Toll Shirley Medi ogram Director Aaron Hake, External Affairs Director ohn Standiford, De ty Ex- utive Director Mar in Feenstra, Project Delivery Director Director Theresia Trevino, Chief Financial Officer Lorelle Moe -Luna, Multimodal Services Director 139 LII FX•Inan 0 d- Agenda T�cnEA-rift2cAt- A new breed of professional services firm • Introductions • Our Audit Responsibilities • Deliverables • Required Communications to the Audit Ad Hoc Committee • Questions? ail44 141 Our Responsibilities linu,A,:ri{n`cAt. • Perform an audit of the Commission's governmental activities, business -type activities, each major fund and aggregate remaining fund information as of and for the year ended June 30, 2019. • The objective of an audit of financial statements is to express opinions that the financial statements are fairly stated in accordance with Accounting Principles Generally Accepted in the United States of America (GAAP). • The audits are performed in accordance with auditing standards generally accepted in the United States of America and Government Auditing Standards. • Those standards require that we plan and perform the audit to obtain reasonable, rather than absolute, assurance about whether the Commission's financial statements are free of material misstatement whether caused by fraud or error. A new breed of professional services firm 142 Deliverables linu ,hcri{n`cAt. A new breed of professional services firm I. Unmodified opinion on the Commission's basic financial statements included in the Comprehensive Annual Financial Report — GFOA submission II. Unmodified opinion on the RCTC 91 Express Lanes Fund III. Unmodified opinions on the Commission's LTF, STAF, State of Good Repair, Prop 1B & LCTOP financial statements and compliance IV. Commercial Paper covenant compliance opinion V. Single Audit Opinions on: a. Internal control over financial reporting and on compliance and other matters, b. Compliance with requirements applicable to each federal major program and Uniform Guidance for the Commission. VI. GANN Limit Calculation agreed -upon procedures report VII. Commuter Assistance Program agreed -upon procedures report VIII. Communications to the Audit Ad Hoc Committee including summary of audit results for the Commission IX. Submission of the Data Collection Form to the Federal Audit Clearinghouse 143 Auditor's Communication with the Audit Ad Hoc Committee lieu ArietcAt. A new breed of professional services firm Auditor's responsibility under professional standards. Accounting practices — adoption of or changes in accounting policies, alternative treatments — no new significant accounting pronouncements implemented in FY 18/19. There were no auditor proposed adjustments or reclassifications made to the financial statements. • There were no uncorrected misstatements related to the current year. • There were no difficulties encountered in performing our audit. • There were no disagreements with management. • Management representations were provided to us. • There were no consultations with other accountants. • There were no major issues encountered during the fiscal year that were a condition to Al our retention as auditors. There were no material weaknesses or significant deficiencies noted for FY 18/19. 111 144 A new breed of professional services firm 145 AGENDA ITEM 7C RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: December 11, 2019 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Theresia Trevino, Chief Financial Officer THROUGH: Anne Mayer, Executive Director SUBJECT: Appointment of Underwriters for Commission Financings BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1) Approve the selection of the following firms to provide underwriting services to the Commission in connection with long-term debt financings for a three-year period, with an option to extend for an additional two one-year periods: a) BofA Securities, Inc. (BofA); b) Goldman Sachs & Co. LLC (Goldman Sachs); c) J.P. Morgan Chase (J.P. Morgan); d) Siebert Williams Shank & Co., LLC (Siebert); and e) Wells Fargo Securities (Wells Fargo). BACKGROUND INFORMATION: Since approval of the 2009 Measure A, the Commission has periodically conducted procurements for the appointment of investment banking firms primarily to serve as underwriters related to the sale of debt securities. In connection with financings, underwriters may provide advice in the structure and timing of a transaction, rating agency and marketing strategy, disclosure and other matters. However, the underwriter does not assume an advisory or fiduciary responsibility other than as provided for in the bond purchase agreement executed following the sale of the debt securities. The Commission approved the most recent underwriter appointments in April 2015. These underwriters assisted the Commission in the financing of the Interstate 15 Express Lanes Project completed in July 2017, and two sales tax revenue bond refinancings in December 2017 and April 2018. At its July meeting, the Commission authorized staff to continue to develop a plan of finance for the 2019-2029 Western County Highway Delivery Plan (Plan) eligible projects that includes, but is not limited to, the issuance of RCTC 91 Express Lanes surplus toll revenue bonds. Further, current low interest rates and market conditions may provide opportunities to refinance the Agenda Item 7C 146 RCTC 91 Express Lanes toll revenue debt issued in July 2013, including $177 million of tax-exempt toll revenue bonds and a $421 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan. A refinancing of the toll debt related to the RCTC 91 Express Lanes could result in debt service savings, which could be used to fund projects in the State Route 91 corridor, and reduce the Commission's TIFIA loan administrative responsibilities. Since it has been almost five years since the last procurement for underwriting services, staff decided to solicit competitive proposals from investment banking firms to assist the Commission with future financings. Procurement Process Staff determined the weighted factor method of source selection to be the most appropriate for this procurement, as it allows the Commission to identify the most advantageous proposal with price and other factors considered. Non -price factors include elements such as qualifications of firm, qualifications of personnel, understanding and approach, and the ability to respond to the Commission's needs for underwriting services for Commission financings as set forth under the terms of Request for Proposals (RFP) No. 20-19-015-00. RFP No. 20-19-015-00 was released on September 30, 2019. A public notice was advertised in the Press Enterprise, and the RFP was posted on the Commission's PlanetBids website, which is accessible through the Commission's website. Utilizing PlanetBids, emails were sent to 26 firms, 1 of which is located in Riverside County. Through the PlanetBids site, 21 firms downloaded the RFP; 1 of these firms is located in Riverside County. Staff responded to all questions submitted by potential proposers prior to the October 7 clarification deadline date. Twelve firms — BofA (Los Angeles/New York); Barclays (San Francisco); Citigroup Global Markets (Los Angeles); Drexel Hamilton, LLC (Lincoln/New York); Goldman Sachs (San Francisco); J.P. Morgan (San Francisco); Morgan Stanley (Los Angeles/Austin/New York); RBC Capital Markets (San Francisco/New York); Siebert (Los Angeles); Sumitomo Mitsui Banking Corporation (New York); TD Securities (USA) LLC (New York); and Wells Fargo (Los Angeles) — submitted proposals prior to the 2:00 p.m. submittal deadline on October 16. All firms submitted responsive proposals, except for one firm's proposal, which was deemed non -responsive. Utilizing the evaluation criteria set forth in the RFP, the 11 firms were evaluated and scored by an evaluation committee comprised of Commission staff. The final rankings are summarized in the following table: Agenda Item 7C 147 Firm Ranking BofA Goldman Sachs J.P. Morgan Wells Fargo Siebert Citigroup Global Markets Barclays RBC Capital Markets Morgan Stanley Drexel Hamilton TD Securities 1 2 13 4 5 6 7 8 9 10 11 Based on the evaluation committee's assessment of the written proposals and calculated price, the evaluation committee recommends selection of five of the firms (BofA, Goldman Sachs, J.P. Morgan, Wells Fargo, and Siebert) to serve as senior and/or co -managing underwriters for Commission financings over the next three years with an option to extend for an additional two one-year periods, as these firms earned the highest total evaluation scores under the evaluation criteria terms of the RFP. Three of these firms (BofA, Goldman Sachs, and J.P. Morgan) served as underwriters for prior Commission financings. Purchase agreements with the senior managing underwriter(s) on behalf of the underwriting team will be part of the financing documents associated with each financing. Similar to prior financings, compensation will be negotiated prior to the issuance of any bonds based on the market conditions and consideration of RFP proposed costs and will be paid at the time of issuance of any bonds. Next Steps In connection with the proposals submitted, staff noted various financing features and opportunities recommended by the proposing firms as well as structuring ideas for Commission consideration. Staff will complete its review of these recommendations and ideas in consultation with the Commission's municipal advisor and begin the development of a plan(s) of finance for the refinancing of the RCTC 91 Express Lanes toll revenue debt and/or financing of Plan projects. For each plan of finance that is developed, staff will assign an underwriting team consisting of at least two of the appointed underwriters. In choosing the senior and co -managing underwriters for each plan of finance, staff will round out the underwriting syndicate with firms having complimentary attributes in order to obtain the broadest distribution of bonds to be sold. After the plan(s) of finance have been substantially developed, staff will present them to the Commission for consideration and approvals of the plan and the various financing documents. There is no current fiscal impact as underwriting compensation will be determined and paid in connection with the specific financings. Plans of finance to be approved by the Commission will contain an estimated cost of issuance, which will include underwriting compensation. Agenda Item 7C 148 Approved by the Budget and Implementation Committee on November 25, 2019 In Favor: 10 Abstain: 0 No: 0 Agenda Item 7C 149 AGENDA ITEM 7D RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: December 11, 2019 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Mega n Kavand, Senior Financial Analyst Michele Cisneros, Deputy Finance Director THROUGH: Anne Mayer, Executive Director SUBJECT: Quarterly Investment Report BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to receive and file the Quarterly Investment Report for the quarter ended September 30, 2019. BACKGROUND INFORMATION: Prior to Fiscal Year 2013/14, the Commission's quarterly investment reports reflected investments primarily concentrated in the Riverside County Pooled Investment Fund. Other investments included the state Local Agency Investment Fund and mutual funds. As a result of significant project financings such as the State Route 91 Corridor Improvement Project (91 Project or 91 CIP) and the Interstate 15 Express Lanes Project (1-15 ELP), the Commission determined it would be prudent to engage an investment manager for the bond proceeds and other required funds. Additionally, the Commission desired to engage an investment manager to provide investment advisory and management services related to the Commission's operating funds. In May 2013, following a competitive procurement, the Commission awarded two investment management services agreements to Logan Circle Partners, L.P. (Logan) for the 91 Project's proceeds generated from the issuance of sales tax revenue bonds and toll revenue bonds and to Payden & Rygel Investment Management (Payden & Rygel) for Commission operating funds. At its April 2017 meeting and based on a competitive procurement, the Commission awarded an investment management services agreement to Logan related to the issuance of the sales tax revenue bonds for the 1-15 ELP. Commencing in July 2013, Logan invested the 91 Project debt proceeds and subsequent 91 Project equity contributions in separate accounts of the Short -Term Actively Managed Program (STAMP). Consistent with financing expectations, the Commission expended substantially all of the 91 Project debt proceeds and equity contributions, except for the toll revenue bonds debt service reserve, and subsequent to commencement of operations, established other required accounts. The Commission authorized Payden & Rygel to make Agenda Item 7D 150 specific investments for the Commission's operating funds beginning with the third quarter of FY 2014/15. In July 2017, the 1-15 ELP project and 91 Project completion financing (2017 Financing) was completed and sales tax bond proceeds were in accounts of a separate STAMP portfolio during the first quarter of FY 2017/18. The quarterly investment report for the first quarter of FY 2019/20, as required by state law and Commission policy, reflects the investment activities resulting from the 91 Project, 2017 Financing, and available operating cash. The quarterly investment report includes the following information: • Investment Portfolio Report; • 91 CIP STAMP Portfolio by Investment Category; • 91 CIP STAMP Portfolio by Account; • 91 CIP STAMP Portfolio Transaction Report by Account; • 91 CIP STAMP Portfolio Summary of investments by credit rating, industry group, asset class, security type, and market sector; • 91 CIP STAMP Portfolio Toll Revenue Series A & Series B Reserve Fund Summary of investments by credit rating, industry group, asset class, security type, and market sector; • 91 CIP STAMP Portfolio Residual Fund Required Retained Balance Summary of investments by credit rating, industry group, asset class, security type, and market sector; • 91 CIP STAMP Portfolio TIFIA Reserve Fund Summary of investments by credit rating, industry group, asset class, security type, and market sector; • 2017 Financing STAMP Portfolio by Investment Category; • 2017 Financing STAMP Portfolio by Account; • 2017 Financing STAMP Portfolio Transaction Report by Account; • 2017 Financing STAMP Portfolio Summary of investments by credit rating, industry group, asset class, security type, and market sector; • 2017 Financing STAMP Portfolio 1-15 ELP Sales Tax Senior Lien TIFIA Project Fund Summary of investments by credit rating, industry group, asset class, security type, and market sector; • 2017 Financing STAMP Portfolio Ramp Up Fund Summary of investments by credit rating, industry group, asset class, security type, and market sector; • Logan Circle Partners, L.P. Short Duration Third Quarter 2019 Review; • Payden & Rygel Operating Portfolio by Investment Category; • Payden & Rygel Operating Portfolio Transaction Report; • Payden & Rygel Operating Portfolio Third Quarter 2019 Review; and • County of Riverside Investment Report for the Quarter Ended September 30, 2019. The Commission's investments were in full compliance with the Commission's investment policy adopted on March 13, 2019, and investments securities permitted under the indenture for the Commission's sales tax revenue bonds and the master indentures for the Commission's toll revenue bonds. Additionally, the Commission has adequate cash flows for the next six months. Agenda Item 7D 151 Attachments: 1) Investment Portfolio Report 2) 91 CIP STAMP Portfolio by Investment Category 3) 91 CIP STAMP Portfolio by Account 4) 91 CIP STAMP Portfolio Transaction Report by Account 5) 91 CIP STAMP Portfolio Summary of Investments 6) 91 CIP STAMP Portfolio Toll Revenue Series A & Series B Reserve Fund Summary of Investments 7) 91 CIP STAMP Portfolio Residual Fund Required Retained Balance Summary of Investments 8) 91 CIP STAMP Portfolio TIFIA Reserve Fund Summary of Investments 9) 2017 Financing STAMP Portfolio by Investment Category 10) 2017 Financing STAMP Portfolio by Account 11) 2017 Financing STAMP Portfolio Transaction Report by Account 12) 2017 Financing STAMP Portfolio Summary of Investments 13) 2017 Financing STAMP Portfolio 1-15 ELP Sales Tax Senior Lien TIFIA Project Fund Summary of Investments 14) 2017 Financing STAMP Portfolio Ramp Up Fund Summary of Investments 15) Payden & Rygel Operating Portfolio by Investment Category 16) Payden & Rygel Operating Portfolio Transaction Report 17) Logan Circle Partners, L.P. Short Duration Quarterly Review 18) Payden & Rygel Operating Portfolio Quarterly Review 19) County of Riverside Investment Report Approved by the Budget and Implementation Committee on November 25, 2019 In Favor: 9 Abstain: 0 No: 0 Agenda Item 7D 152 ATTACHMENT 1 Riverside County Transportation Commission Investment Portfolio Report Period Ended: September 30, 2019 RATING COUPON PAR PURCHASE MATURITY YIELD TO PURCHASE MARKET UNREALIZED FAIR VALUE MOODYS / S&P RATE VALUE DATE DATE MATURITY COST VALUE GAIN (LOSS) OPERATING FUNDS City National Bank Deposits 28,692,137 A3/BBB+ N/A N/A County Treasurer's Pooled Investment Fund 461,380,398 Aaa-bf/AAA-V1 N/A 2.22% Local Agency Investment Fund (LAIF) 3,824,959 N/A N/A N/A Subtotal Operating Funds 493,897,493 FUNDS HELD IN TRUST County Treasurer's Pooled Investment Fund: Local Transportation Fund 71,989,976 Aaa-bf/AAA-V1 N/A 2.22 % Subtotal Funds Held in Trust 71,989,976 COMMISSION MANAGED PORTFOLIO US Bank Payden & Rygel Operating 53,461,309 See attached report for details First American Government Obligation Fund 42,621,783 N/A N/A N/A Subtotal Commission Managed Portfolio 96,083,093 STAMP PORTFOLIO for 91 CIP Series A & Series B Reserve Fund Residual Fund Required Retained Balance TIFIA Reserve Fund Subtotal STAMP Portfolio - 91 CIP STAMP PORTFOLIO for 2017 Financing Sales Tax 115 ELP Project Revenue Fund Sales Tax Revenue Fund Ramp Up Fund Subtotal STAMP Portfolio - 2017 Financing TOTAL All Cash and Investments $500,000,000 $450,000,000 $400,000,000 $350,000,000 $300,000,000 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $- 18,452,103 23,745,846 20,130,897 62,328,846 57,519,699 8,254,209 65,773,909 E 790,073,317 Nature of Investments ■ STAMP Portfolio for 91 CIP Reserve ■ STAMP Portfolio for 91 CIP Residual Fund ■ STAMP Portfolio for 91 CIP TIFIA Reserve Fund ■ STAMP Portfolio for 2017 Financing 115 ELP Project Revenue Fund ■ STAMP Portfolio for 2017 Financing Ramp Up Fund ■ Commission Managed Portfolio ■ Trust Funds ■ Operating Funds See attached report for details See attached report for details See attached report for details See attached report for details See attached report for details See attached report for details 0.43% Money Market Funds 22.56% Fixed Income 0.48% LAIF 5.39% Mutual Funds 71.14% County Pool/Cash 153 154 ATTACHMENT 2 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio by Investment Category for quarter ended September 30, 2019 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Next Call Original Cost Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Summarized Yield Credit Rating 256350023 MIM-Sr Lien Reserve Fund-1 3137EADB2 Agency Freddie Mac O1/13/2022 --- 950,000.00 942,921.50 --- 964,630.00 14,887.84 2.375 1.685 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137EADR7 Agency Freddie Mac 05/01/2020 05/15/2015 150,000.00 148,903.50 --- 149,559.00 (307.41) 1.375 1.881 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3135GOD75 Agency Federal National Mortgage Association 06/22/2020 05/06/2015 600,000.00 593,490.00 --- 598,326.00 (719.47) 1.500 1.887 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3130AFFX0 Agency Federal Home Loan Banks 11/16/2028 09/11/2019 185,000.00 205,766.25 --- 206,164.00 504.61 3.250 1.880 AAA 256350018 MIM-ROTC 91 TIFIA Reserve 3137EADB2 Agency Freddie Mac O1/13/2022 06/06/2019 500,000.00 505,766.50 --- 507,700.00 2,619.48 2.375 1.685 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137EADR7 Agency Freddie Mac 05/O1/2020 06/07/2019 175,000.00 173,909.75 --- 174,485.50 201.43 1.375 1.881 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3135GOD75 Agency Federal National Mortgage Association 06/22/2020 06/07/2019 650,000.00 646,269.00 --- 648,186.50 805.68 1.500 1.887 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136G4TH6 Agency Federal National Mortgage Association O1/30/2020 06/13/2019 300,000.00 300,289.38 --- 300,159.00 6.76 1.980 1.862 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3130AFFX0 Agency Federal Home Loan Banks 11/16/2028 09/11/2019 200,000.00 222,450.00 --- 222,880.00 545.53 3.250 1.880 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377REV3 Agency CMO Government National Mortgage Association 10/20/2039 07/01/2019 80,246.45 81,838.84 --- 81,905.94 112.26 3.500 2.351 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377RVK8 Agency CMO Government National Mortgage Association 04/20/2039 --- 96,801.84 98,733.12 --- 98,052.52 21.63 3.000 2.461 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137ABFH9 Agency CMO Freddie Mac 06/25/2021 07/22/2019 100,000.00 102,574.22 --- 102,637.00 321.34 3.989 2.054 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137AJMF8 Agency CMO Freddie Mac 10/25/2021 --- 52,024.86 53,425.42 --- 52,768.81 68.72 2.968 2.084 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38375XCM4 Agency CMO Govemment National Mortgage Association 11/16/2037 05/14/2019 64,050.08 65,864.00 --- 66,114.42 377.59 5.000 2.767 _AAA 256350023 MIM-Sr Lien Reserve Fund-1 38376GB33 Agency CMO Government National Mortgage Association 10/16/2044 01/23/2015 18,597.48 19,089.67 --- 18,585.02 (21.21) 3.474 2.476 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137ASNH3 Agency CMO Freddie Mac 09/25/2021 07/03/2013 17,060.27 16,671.75 --- 17,023.93 _ (0.36) 1.459 2.223 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137ATRW4 Agency CMO Freddie Mac 05/25/2022 --- 282,110.00 278,085.13 --- 284,567.18 5,282.71 2.373 1.961 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137AUPE3 Agency CMO Freddie Mac 06/25/2022 --- 150,000.00 151,611.80 --- 151,440.00 709.88 2.396 1.963 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377RSZ9 Agency CMO Government National Mortgage Association 06/16/2039 --- 32,788.02 33,817.20 --- 33,148.36 (30.03) 4.500 2.173 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136A72D3 Agency CMO Federal National Mortgage Association 04/25/2022 07/03/2013 259,368.58 246,400.15 --- 262,237.19 6,202.80 2.482 1.824 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136A5KR6 Agency CMO Federal National Mortgage Association 10/25/2022 01/25/2019 64,508.37 63,621.38 --- 64,210.99 439.10 1.750 2.115 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137AXHPI Agency CMO Freddie Mac 09/25/2022 09/29/2017 140,000.00 142,089.06 --- 142,273.60 1,105.63 2.573 1.941 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378B7F0 Agency CMO Government National Mortgage Association 12/16/2042 --- 450,000.00 427,324.22 --- 447,277.50 10,026.56 2.273 2.399 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378CRT6 Agency CMO Government National Mortgage Association 10/20/2040 05/22/2014 44,082.12 42,566.80 --- 44,069.34 1,237.27 2.000 1.984 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378HXH4 Agency CMO Government National Mortgage Association 09/16/2027 03/08/2019 15,734.42 15,259.75 --- 15,445.22 157.73 1.250 2.067 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377JZ89 _ Agency CMO Government National Mortgage Association 10/20/2039 07/05/2013 42,075.87 43,362.80 --- 43,452.59 452.91 3.500 1.984 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378TAF7 Agency CMO Government National Mortgage Association 07/20/2041 07/05/2013 110,626.18 110,642.85 --- 111,682.66 1,108.05 2.500 2.128 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137B4HDI Agency CMO Freddie Mac 12/15/2042 03/20/2019 40,195.99 41,514.93 --- 42,109.32 588.18 4.500 2.202 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38376GY53 Agency CMO Government National Mortgage Association O1/16/2040 08/06/2019 63,186.07 63,385.99 --- 63,514.00 163.26 3.526 2.465 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377LQT8 Agency CMO Government National Mortgage Association 12/20/2037 --- 1,127.66 1,128.06 --- 1,126.55 (Lll) 3.000 1.919 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31398QTP2 Agency CMO Freddie Mac 05/15/2038 06/26/2018 45,832.37 46,729.33 --- 46,238.91 194.93 4.500 2.577 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137A5FP4 Agency CMO Freddie Mac O1/15/2021 --- 78,280.96 78,289.81 --- 78,529.89 281.27 2.500 2.070 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38376T5Z1 Agency CMO Government National Mortgage Association O1/16/2039 01/26/2015 66,309.90 69,277.27 --- 67,778.00 (465.09) 3.000 2.041 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38376WA62 Agency CMO Government National Mortgage Association 10/20/2039 --- 183,972.19 188,600.19 --- 190,195.97 841.79 4.000 2.922 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38375CBH2 Agency CMO Government National Mortgage Association 03/16/2035 03/19/2019 14,449.57 14,361.51 --- 14,426.16 16.88 1.250 2.364 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377QKH9 Agency CMO Government National Mortgage Association 08/20/2040 08/20/2019 51,014.26 51,940.88 --- 52,085.55 135.31 3.000 2.258 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38380AZ34 Agency CMO Government National Mortgage Association 04/20/2046 11/28/2016 129,838.26 133,474.75 --- 133,994.39 991.54 3.000 2.388 AAA 256350023 MIM-Sr Lien Reserve Fund-1 _ 38378CDK0 Agency CMO Govemment National Mortgage Association 03/20/2035 03/16/2018 12,469.96 12,528.41 --- 12,504.25 16.68 3.000 2.171 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378AWX5 Agency CMO Government National Mortgage Associatiom O1/20/2036 03/28/2018 60,440.82 60,766.63 --- 60,805.28 202.02 3.000 2.140 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378DDC6 Agency CMO Govemment National Mortgage Association 04/20/2038 06/20/2018 71,461.31 71,944.23 --- 71,692.85 33.80 3.500 2.540 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38379HLE3 Agency CMO Government National Mortgage Association 05/20/2043 10/18/2018 98,296.94 98,158.71 --- 101,040.40 2,884.73 3.500 2.167 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378VC45 _ Agency CMO Government National Mortgage Association 12/16/2041 11/23/2018 _ 139,338.98 134,309.72 --- 139,136.93 4,607.26 2.250 2.275 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377JM59 Agency CMO Government National Mortgage Association 10/20/2039 11/21/2018 74,681.96 72,814.90 --- 74,563.21 1,603.82 2.500 2.525 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137B5A60 Agency CMO Freddie Mac 10/15/2028 03/20/2019 _ 23,515.84 23,251.29 --- 23,652.70 389.08 2.500 2.177 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136ADFF1 Agency CMO Federal National Mortgage Association 04/25/2023 06/10/2019 128,213.03 126,369.97 --- 126,946.28 500.41 1.500 2.194 AAA 256350023 MIM-Sr Lien Reserve Fund-1 383797M99 _ Agency CMO Government National Mortgage Association 02/16/2041 08/28/2019 54,183.13 54,532.36 --- 54,907.01 379.64 2.500 1.812 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137A1N90 Agency CMO Freddie Mac 06/25/2020 06/26/2018 63,881.49 64,465.41 --- 64,262.86 284.80 3.531 2.174 AAA 256350021 MIM-RCTC 2013 Residual Fund 38377REV3 Agency CMO Govemment National Mortgage Association 10/20/2039 07/01/2019 171,956.67 175,368.93 --- 175,512.73 240.57 3.500 2.351 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137ABFH9 Agency CMO Freddie Mac 06/25/2021 03/15/2019 206,000.00 209,846.41 --- 211,432.22 2,518.71 3.989 2.054 AAA 256350021 MIM-RCTC 2013 Residual Fund 31394GUX9 Agency CMO Freddie Mac 08/15/2023 07/02/2019 31,824.29 33,176.82 --- 33,412.64 298.83 5.500 2.125 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137APP53 Agency CMO Freddie Mac 10/25/2020 05/18/2018 1,683.65 1,662.94 --- 1,680.57 2.81 1.781 2.223 AAA 256350021 MIM-RCTC 2013 Residual Fund 38378BXQ7 Agency CMO Government National Mortgage Association O1/16/2036 06/17/2019 _ 180,301.49 178,498.47 --- 178,868.09 (66.88) 1.537 3.096 AAA 256350021 MIM-RCTC 2013 Residual Fund 31397LUK3 Agency CMO Federal National Mortgage Association 06/25/2023 10/10/2018 138,053.44 140,836.08 --- 141,166.55 1,265.76 4.500 2.107 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137ATRW4 Agency CMO Freddie Mac 05/25/2022 08/19/2019 _ 100,000.00 101,109.38 --- 100,871.00 (187.33) 2.373 1.961 AAA 256350021 MIM-RCTC 2013 Residual Fund 3136A72D3 Agency CMO Federal National Mortgage Association 04/25/2022 07/26/2019 36,114.60 36,325.97 --- 36,514.03 180.02 2.482 1.824 AAA 256350021 MIM-RCTC 2013 Residual Fund 3136A5KR6 Agency CMO Federal National Mortgage Association 10/25/2022 01/25/2019 99,094.19 97,731.64 --- 98,637.36 674.52 1.750 2.115 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137AYCE9 Agency CMO Freddie Mac 10/25/2022 08/13/2019 360,000.00 367,790.63 --- 367,196.40 (263.29) 2.682 1.934 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137A2PV7 Agency CMO Freddie Mac 09/15/2022 06/03/2019 30,358.89 29,827.60 --- 30,458.46 590.16 1.500 1.273 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137GAUY1 Agency CMO Freddie Mac 10/15/2022 08/15/2019 162,560.24 160,883.83 --- 161,965.26 1,049.97 1.500 1.703 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137A1LC5 _ Agency CMO Freddie Mac 08/15/2020 01/17/2018 3,380.35 3,369.26 --- 3,372.78 (2.32) 2.000 2.639 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137A5FP4 Agency CMO Freddie Mac O1/15/2021 01/30/2018 27,983.91 28,053.87 --- 28,072.90 63.96 2.500 2.070 AAA 256350021 MIM-RCTC 2013 Residual Fund 38375CBH2 Agency CMO Government National Mortgage Association 03/16/2035 03/19/2019 25,348.79 25,194.33 --- 25,307.73 29.60 1.250 2.364 AAA 256350021 MIM-RCTC 2013 Residual Fund 38378CDK0 Agency CMO Government National Mortgage Association 03/20/2035 01/30/2018 22,445.93 22,652.85 --- 22,507.65 (10.45) 3.000 2.171 AAA 256350021 MIM-RCTC 2013 Residual Fund 38378AWX5 Agency CMO Government National Mortgage Association O1/20/2036 01/30/2018 20,146.94 20,342.11 --- 20,268.43 20.40 3.000 2.140 AAA 256350021 MIM-RCTC 2013 Residual Fund 31358TPC7 Agency CMO Federal National Mortgage Association 02/25/2023 02/11/2019 98,513.03 98,815.69 --- 98,813.49 218.17 2.868 2.647 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3837404J7 Agency CMO Government National Mortgage Association 07/20/2020 06/14/2019 71,389.49 72,237.25 --- 72,211.90 172.13 5.500 1.826 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38376PRM4 Agency CMO Government National Mortgage Association 05/20/2038 06/18/2019 36,548.90 36,731.64 --- 36,787.93 84.80 4.000 2.282 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38377REV3 Agency CMO Government National Mortgage Association 10/20/2039 07/O1/2019 85,978.34 87,684.47 --- 87,756.37 120.28 3.500 2.351 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137A6B27 Agency CMO Freddie Mac 10/25/2020 06/27/2019 248,008.62 253,472.55 --- 252,460.37 75.83 4.333 2.084 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137A2B26 Agency CMO Freddie Mac 08/25/2020 06/13/2019 219,325.01 221,929.49 --- 221,577.48 461.31 3.808 2.243 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137ABFH9 Agency CMO Freddie Mac 06/25/2021 --- 149,000.00 152,765.01 --- 152,929.13 726.47 3.989 2.054 AAA 155 Page 2 of 37 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio by Investment Category for quarter ended September 30, 2019 Source Account 256350018 Account MIM-RCTC 91 TIFIA Rcse e Identifier 3137AH6C7 Securi Category AgencyCMO e Issuer Freddie Mac Final Maturity 07/25/2021 Trade Date 06/07/2019 Current Face Value 337,679.59 Next Call Original Cost Date 343,654.94 Base Market Value 342,407.10 Base Net Total Unrealized Gain/Loss (363.48) Coupon 3.230 Summarized Yield Credit Rating 2.260 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38376V2E6 Agency CMO Government National Mortgage Association 07/16/2039 08/06/2019 124,473.02 129,529.74 --- 130,665.56 1,196.18 4.000 1.665 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AJMF8 Agency CMO Freddie Mac 10/25/2021 06/07/2019 331 067.26 336 291.92 --- 335 801.52 282.64 2.968 2.084 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378BSZ3 Agency CMO Government National Mortgage Association 04/16/2040 06/25/2019 251,778.86 250,362.61 --- 250,779.30 291.97 2.141 2.361 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378BXQ7 Agency CMO Government National Mortgage Association 01/16/2036 06/17/2019 243,407.01 240,972.94 --- 241,471.92 (90.30) 1.537 3.096 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137ATRW4 Agency CMO Freddie Mac 05/25/2022 06/28/2019 300,000.00 302,496.09 --- 302,613.00 373.98 2.373 1.961 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AUPE3 Agency CMO Freddie Mac 06/25/2022 06/28/2019 200,000.00 201,773.44 --- 201,920.00 321.33 2.396 1.963 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136A5KR6 Agency CMO Federal National Mortgage Association 10/25/2022 06/10/2019 194,302.33 192,845.06 --- 193,406.59 437.01 1.750 2.115 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AXHP1 Agency CMO Freddie Mac 09/25/2022 06/28/2019 150,000.00 152,232.42 --- 152,436.00 392.44 2.573 1.941 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137BIUG5 Agency CMO Freddie Mac 01/25/2023 06/25/2019 200,000.00 204,101.56 --- 203,880.00 103.72 2.637 1.955 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378TAF7 Agency CMO Government National Mortgage Association 07/20/2041 07/05/2019 119,845.02 120,069.74 --- 120,989.54 930.29 2.500 2.128 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136AGFQ0 Agency CMO Federal National Mortgage Association 12/25/2038 06/18/2019 184,558.40 186,887.00 --- 187,040.71 242.05 3.500 2.466 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137B6DF5 Agency CMO Freddie Mac 11/15/2026 06/18/2019 188,216.59 186,260.90 --- 188,728.54 2,413.45 2.000 1.847 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38376GY53 Agency CMO Government National Mortgage Association 01/16/2040 08/06/2019 70,016.99 70,238.53 --- 70,380.38 180.90 3.526 2.465 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137BDICF2 Agency CMO Freddie Mac 09/15/2040 --- 76,152.70 77,748.55 --- 78,269.74 559.62 3.500 2.017 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38377YTIA Agency CMO Government National Mortgage Association 05/20/2040 06/17/2019 218,960.30 216,291.72 --- 216,400.65 104.04 2.000 2.419 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38377QICH9 Agency CMO Government National Mortgage Association 08/20/2040 08/20/2019 55,041.69 56,041.47 --- 56,197.56 145.98 3.000 2.258 AAA 256350018 M1M-RCTC 91 TIFIA Reserve 38378BCG2 Agency CMO Government National Mortgage Association 03/16/2037 06/25/2019 65,874.90 65,463.18 --- 65,602.84 311.16 2.105 2.675 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378WUY7 Agency CMO Government National Mortgage Association 06/20/2041 06/12/2019 181,275.26 181,558.51 --- 182,299.47 754.01 2.500 2.096 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378CNY9 Agency CMO Government National Mortgage Association 11/20/2038 06/25/2019 200,000.00 202,593.75 --- 202,130.00 20.29 3.500 2.534 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31397ALNI Agency CMO Freddie Mac 04/15/2032 06/18/2019 190,544.63 190,425.55 --- 190,603.70 264.48 2.378 2.355 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136ADFFI Agency CMO Federal National Mortgage Association 04/25/2023 06/10/2019 135,754.97 133,803.49 --- 134,413.71 529.84 1.500 2.194 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AS7D0 Agency CMO Freddie Mac 04/15/2039 06/14/2019 197,536.20 196,054.68 --- 197,449.28 1,362.78 2.000 1.987 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137B3HX9 Agency CMO Freddie Mac 07/15/2038 06/20/2019 101,165.62 100,849.48 --- 101,596.59 823.91 2.478 2.230 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136AGZA3 Agency CMO Federal National Mortgage Association 09/25/2030 06/25/2019 31,534.57 31,745.21 --- 31,883.97 148.95 3.000 2.257 AAA 256350018 MIIVI-RCTC 91 TIFIA Reserve 38379JM99 Agency CMO Government National Mortgage Association 02/16/2041 08/28/2019 58,351.06 58,727.15 --- 59,130.63 408.85 2.500 1.812 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381PEB0 Agency MBS Federal National Mortgage Association 11/01/2020 09/26/2014 247,264.94 260,362.26 --- 249,168.88 76.43 3.370 2.310 AAA 256350023 M1M-Sr Lien Reserve Fund-1 3138NJAE8 Agency MBS Federal National Mortgage Association 12/01/2020 09/13/2018 17,773.76 17,979.27 --- 17,757.23 (163.20) 3.630 3.779 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381N7G2 Agency MBS Federal National Mortgage Association 10/01/2020 09/25/2018 17,910.95 17,976.72 --- 18,013.04 33.42 3.270 2.369 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381SVJ8 Agency MBS Federal National Mortgage Association 11/01/2021 02/22/2019 106,270.34 106,801.70 --- 108,661.42 2,039.20 3.330 2.128 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31417YICF3 Agency MBS Federal National Mortgage Association 01/01/2030 --- 126,087.58 132,133.91 --- 135,184.80 3,742.55 4.500 2.165 AAA 256350023 MIM-Sr Lien Reserve Fund-1 36202F2H8 Agency MBS Government National Mortgage Association 01/20/2027 --- 143,521.14 147,929.02 --- 147,370.38 354.94 3.000 1.884 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381R5T7 Agency MBS Federal National Mortgage Association 09/01/2021 08/29/2018 130,000.00 132,747.27 --- 133,868.80 2,220.75 3.770 2.119 AAA 256350023 M1M-Sr Lien Reserve Fund-1 3136AC7J4 Agency MBS Federal National Mortgage Association 03/25/2023 02/21/2018 48,798.20 47,995.70 --- 49,772.70 1,521.64 2.605 1.880 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138L33G8 Agency MBS Federal National Mortgage Association 06/01/2020 11/12/2015 100,000.00 99,875.00 --- 99,707.00 (141.93) 2.010 2.238 AAA 256350023 M1M-Sr Lien Reserve Fund-1 3137BIU75 Agency MBS Freddie Mac 01/25/2023 08/29/2016 380,000.00 394,917.97 --- 384,643.60 (2,142.18) 2.522 1.997 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378KWU9 Agency MBS Government National Mortgage Association 11/16/2041 --- 158,063.15 150,196.20 --- 154,805.47 2,305.22 1.400 2.388 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378ICXW4 Agency MBS Government National Mortgage Association 02/16/2037 12/11/2014 100,381.64 99,895.42 --- 99,430.02 (764.57) 1.705 2.464 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137B IBSO Agency MBS Freddie Mac 11/25/2022 07/31/2019 360,000.00 363,360.94 --- 365,432.40 2,257.96 2.510 1.950 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138L1W62 Agency MBS Federal National Mortgage Association 12/01/2022 02/21/2019 164,661.70 163,684.02 --- 164,171.01 409.86 2.500 2.567 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138EICXL4 Agency MBS Federal National Mortgage Association 03/01/2023 --- 255,888.06 252,250.74 --- 258,853.80 5,030.06 2.353 1.915 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136AHAEO Agency MBS Federal National Mortgage Association 04/25/2023 10/28/2016 111,299.92 113,699.82 --- 113,799.71 951.26 2.707 1.331 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378B6A2 Agency MBS Government National Mortgage Association 11/16/2052 01/22/2015 112,395.85 108,852.74 --- 110,645.85 113.09 1.826 2.335 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136A7MN9 Agency MBS Federal National Mortgage Association 05/25/2022 08/29/2016 287,465.86 295,685.59 --- 289,935.19 (738.12) 2.349 1.876 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378KSL4 Agency MBS Government National Mortgage Association 12/16/2046 --- 425,000.00 415,829.11 --- 430,979.75 12,167.44 2.814 2.606 AAA 256350023 M1M-Sr Lien Reserve Fund-1 31381Q6B7 Agency MBS Federal National Mortgage Association 06/01/2021 07/15/2016 181,129.26 200,883.67 --- 187,477.84 (519.76) 4.295 2.032 AAA 256350023 MINI -Sr Lien Reserve Fund-1 38378KRS0 Agency MBS Government National Mortgage Association 07/16/2043 05/08/2015 450,000.00 434,460.94 --- 450,373.50 8,138.92 2.389 2.345 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378XP62 Agency MBS Government National Mortgage Association 05/16/2055 05/14/2015 256,145.07 259,306.86 --- 257,218.31 (1,498.64) 2.500 2.391 AAA 256350023 MIEVI-Sr Lien Reserve Fund-1 38379ICDN5 Agency MBS Government National Mortgage Association 09/16/2055 08/05/2015 138,439.67 134,902.96 --- 138,313.69 1,241.91 2.138 2.468 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381T4E7 Agency MBS Federal National Mortgage Association 03/01/2022 10/25/2016 256,449.34 267,939.49 --- 261,126.98 (210.05) 2.670 1.717 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138EJPZ5 Agency MBS Federal National Mortgage Association 07/01/2022 08/29/2016 198,405.16 210,735.73 --- 203,045.86 (2,169.26) 3.022 1.910 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 06/10/2019 109,858.38 113,857.91 --- 114,273.59 564.86 4.000 1.944 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137FBAJ5 Agency MBS Freddie Mac 08/25/2027 06/26/2019 200,000.00 211,593.75 --- 216,298.00 5,039.19 3.281 2.137 AAA 256350023 M1M-Sr Lien Reserve Fund-1 3138LFGP7 Agency MBS Federal National Mortgage Association 10/01/2028 08/07/2019 275,000.00 284,356.45 --- 283,096.00 (1,118.38) 2.550 2.207 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137F4D41 Agency MBS Freddie Mac 01/25/2028 04/01/2019 35,000.00 36,714.84 --- 38,665.55 2,039.79 3.600 2.194 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381QB54 Agency MBS Federal National Mortgage Association 03/01/2021 11/07/2018 129,481.44 132,162.12 --- 132,510.02 1,485.28 4.410 2.251 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137FNAD2 Agency MBS Freddie Mac 11/25/2028 08/01/2019 134,874.69 137,566.52 --- 140,137.50 2,624.41 2.631 1.970 AAA 256350021 MIM-RCTC 2013 Residual Fund 31416BVR6 Agency MBS Federal National Mortgage Association 12/01/2020 01/17/2018 13,523.22 13,827.49 --- 13,948.66 331.50 5.000 -4.692 AAA 256350021 MIM-RCTC 2013 Residual Fund 31381RLL6 Agency MBS Federal National Mortgage Association 07/01/2021 11/02/2018 52,475.83 53,254.78 --- 53,795.60 811.43 3.840 2.027 AAA 256350021 MIM-RCTC 2013 Residual Fund 31381SVJ8 Agency MBS Federal National Mortgage Association 11/01/2021 02/22/2019 85,016.27 85,441.35 --- 86,929.13 1,631.36 3.330 2.128 AAA 256350021 MIM-RCTC 2013 Residual Fund 3128MMPP2 Agency MBS Freddie Mac 03/01/2027 05/10/2019 230,439.95 229,431.78 --- 232,843.44 3,405.45 2.500 2.098 AAA 256350021 M1M-RCTC 2013 Residual Fund 3128MMPY3 Agency MBS Freddie Mac 06/01/2027 05/10/2019 211,517.30 210,591.91 --- 213,736.12 3,125.06 2.500 2.103 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137B2GW4 Agency MBS Freddie Mac 03/25/2020 06/29/2018 91,913.95 91,317.94 --- 91,822.03 139.50 2.313 2.136 AAA 256350021 M1M-RCTC 2013 Residual Fund 3137APP6I Agency MBS Freddie Mac 01/25/2022 09/06/2019 15,000.00 15,244.92 --- 15,192.60 (45.30) 2.789 2.067 AAA 256350021 MIM-RCTC 2013 Residual Fund 38378KW47 Agency MBS Government National Mortgage Association 08/16/2035 06/13/2019 118,848.71 118,180.18 --- 118,425.61 127.67 2.150 2.512 AAA 256350021 MIM-RCTC 2013 Residual Fund 3138L1W62 Agency MBS Federal National Mortgage Association 12/01/2022 02/21/2019 125,917.77 125,170.13 --- 125,542.53 313.42 2.500 2.567 AAA 256350021 MIM-RCTC 2013 Residual Fund 3138EICXL4 Agency MBS Federal National Mortgage Association 03/01/2023 08/21/2019 55,327.15 55,949.58 --- 55,968.39 42.03 2.353 1.915 AAA 256350021 MIM-RCTC 2013 Residual Fund 31381RZ23 Agency MBS Federal National Mortgage Association 08/01/2021 11/02/2018 60,517.77 61,416.08 --- 62,043.43 920.93 3.840 2.129 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137AXHN6 Agency MBS Freddie Mac 02/25/2022 01/25/2018 24,409.92 24,074.29 --- 24,345.24 152.77 1.749 1.877 AAA 256350021 MIM-RCTC 2013 Residual Fund 3136AMM48 Agency MBS Federal National Mortgage Association 07/25/2022 08/01/2019 353,246.70 355,233.71 --- 356,669.66 1,506.75 2.509 1.976 AAA 256350021 M1M-RCTC 2013 Residual Fund 3137AWQG3 Agency MBS Freddie Mac 04/25/2022 --- 48,375.91 47,476.42 --- 48,109.84 386.90 1.583 1.928 AAA 156 Page 3 of 37 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio by Investment Category for quarter ended September 30, 2019 Source Account Account Identifier Securi Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Summarized Yield Credit Rating 256350021 MIM-RCTC 2013 Residual Fund 3 397UPF0 Agency MBS Federal National Mortgage Association 06/25/2021 03/15/2019 150,092.08 152,249.65 --- 152,736.70 1,033.45 3.763 1.969 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137B IUF7 Agency MBS Freddie Mac 09/25/2022 01/25/2018 14,283.35 14,073.57 --- 14,259.36 117.44 1.785 1.827 AAA 256350021 MIM-RCTC 2013 Residual Fund 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 06/10/2019 71 957.23 74 576.93 --- 74 849.20 369.98 4.000 1.944 AAA 256350021 MIM-RCTC 2013 Residual Fund 31418CQM9 Agency MBS Federal National Mortgage Association 10/01/2027 09/11/2019 60,052.01 61,581.47 --- 61,484.25 (101.42) 3.000 2.122 AAA 256350021 MIM-RCTC 2013 Residual Fund 3140J6DU8 Agency MBS Federal National Mortgage Association 08/01/2031 07/26/2019 212,125.44 213,550.65 --- 214,231.84 675.83 2.500 2.133 AAA 256350021 MIM-RCTC 2013 Residual Fund 3138L2GH4 Agency MBS Federal National Mortgage Association 07/01/2021 --- 125,307.97 122,654.63 --- 125,212.73 1,770.10 1.870 1.854 AAA 256350021 MIM-RCTC 2013 Residual Fund 31381QB54 Agency MBS Federal National Mortgage Association 03/01/2021 11/07/2018 99,269.11 101,324.30 --- 101,591.02 1,138.72 4.410 2.251 AAA 256350021 MIM-RCTC 2013 Residual Fund 3138L8H23 Agency MBS Federal National Mortgage Association 12/01/2021 05/02/2019 68,303.62 68,090.24 --- 68,195.70 102.15 2.730 2.734 AAA 256350018 M1M-RCTC 91 TIFIA Reserve 3620AFYR2 Agency MBS Government National Mortgage Association 12/15/2024 06/12/2019 104,521.85 107,922.90 --- 108,691.23 832.37 4.000 1.877 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 36297GCD0 Agency MBS Government National Mortgage Association 02/15/2025 06/12/2019 105,129.59 109,552.44 --- 108,351.82 (932.55) 4.500 2.877 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31381SVJ8 Agency MBS Federal National Mortgage Association 11/01/2021 07/22/2019 85,016.28 86,464.21 --- 86,929.14 593.34 3.330 2.128 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3138EJRP5 Agency MBS Federal National Mortgage Association 06/01/2021 06/18/2019 150,846.32 155,396.82 --- 155,435.07 808.66 4.356 1.961 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31381R5T7 Agency MBS Federal National Mortgage Association 09/01/2021 06/20/2019 101,000.00 103,840.63 --- 104,005.76 538.37 3.770 2.119 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137B IU75 Agency MBS Freddie Mac 01/25/2023 06/27/2019 375,000.00 378,618.16 --- 379,582.50 1,313.61 2.522 1.997 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378KWU9 Agency MBS Government National Mortgage Association 11/16/2041 --- 96,993.30 92,739.18 --- 94,994.27 2,083.66 1.400 2.388 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378KW47 Agency MBS Government National Mortgage Association 08/16/2035 06/13/2019 307,521.03 305,791.23 --- 306,426.26 330.35 2.150 2.512 AAA 256350018 M1M-RCTC 91 TIFIA Reserve 3137BIBS0 Agency MBS Freddie Mac 11/25/2022 --- 645,000.00 652,086.14 --- 654,733.05 3,129.85 2.510 1.950 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3138EKXL4 Agency MBS Federal National Mortgage Association 03/01/2023 08/21/2019 51,869.20 52,452.73 --- 52,470.37 39.40 2.353 1.915 AAA 256350018 M1M-RCTC 91 TIFIA Reserve 3136AHAEO Agency MBS Federal National Mortgage Association 04/25/2023 06/28/2019 133,123.43 134,352.16 --- 136,113.38 1,937.18 2.707 1.331 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136A7MN9 Agency MBS Federal National Mortgage Association 05/25/2022 08/22/2019 158,106.21 159,384.66 --- 159,464.35 135.23 2.349 1.876 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AWQG3 Agency MBS Freddie Mac 04/25/2022 06/07/2019 309,605.82 306,171.12 --- 307,902.98 1,447.24 1.583 1.928 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31397UPF0 Agency MBS Federal National Mortgage Association 06/25/2021 06/10/2019 300,184.15 305,109.05 --- 305,473.39 1,213.55 3.763 1.969 AAA 256350018 MIEVI-RCTC 91 TIFIA Reserve 31381Q6B7 Agency MBS Federal National Mortgage Association 06/01/2021 07/01/2019 181,129.26 186,711.72 --- 187,477.84 1,506.95 4.295 2.032 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137BM6P6 Agency MBS Freddie Mac 08/25/2022 06/28/2019 200,000.00 205,437.50 --- 204,542.00 (424.00) 3.090 2.157 AAA 256350018 M1M-RCTC 91 TIFIA Reserve 3138EJPZ5 Agency MBS Federal National Mortgage Association 07/01/2022 07/22/2019 223,205.81 227,277.57 --- 228,426.59 62.54 3.022 1.910 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137BSRZ8 Agency MBS Freddie Mac 09/25/2022 06/28/2019 183,972.07 187,601.21 --- 187,829.97 225.71 2.838 1.945 AAA 256350018 M1M-RCTC 91 TIFIA Reserve 3138L2QG5 Agency MBS Federal National Mortgage Association 01/01/2028 09/09/2019 264,602.19 280,778.08 --- 280,213.72 (496.36) 3.010 2.223 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 06/10/2019 219,716.76 227,715.83 --- 228,547.18 1,129.71 4.000 1.944 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378NWU3 Agency MBS Government National Mortgage Association 06/16/2048 06/27/2019 165,513.73 167,841.27 --- 169,985.91 2,000.74 2.542 2.358 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137FBAJ5 Agency MBS Freddie Mac 08/25/2027 06/26/2019 200,000.00 211,593.75 --- 216,298.00 5,039.19 3.281 2.137 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3138LFGP7 Agency MBS Federal National Mortgage Association 10/01/2028 08/07/2019 300,000.00 310,207.03 --- 308,832.00 (1,220.04) 2.550 2.207 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3620C4SU5 Agency MBS Govemment National Mortgage Association 09/15/2025 06/12/2019 99,977.95 103,676.35 --- 103,996.06 412.38 4.000 2.107 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137F4D41 Agency MBS Freddie Mac 01/25/2028 06/27/2019 150,000.00 163,248.05 --- 165,709.50 2,817.88 3.600 2.194 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137F4CY6 Agency MBS Freddie Mac 09/25/2024 06/28/2019 190,000.00 195,907.81 --- 198,285.90 2,662.38 2.920 1.946 AAA 256350018 M1M-RCTC 91 TIFIA Reserve 3137FGZN8 Agency MBS Freddie Mac 02/25/2023 06/18/2019 269,041.88 268,915.77 --- 268,985.38 292.84 2.424 2.312 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137BP4K2 Agency MBS Freddie Mac 03/25/2026 09/09/2019 200,000.00 210,125.00 --- 209,302.00 (743.80) 2.849 2.060 AAA 256350018 M1M-RCTC 91 TIFIA Reserve 3620A9T35 Agency MBS Government National Mortgage Association 11/15/2024 06/13/2019 176,185.08 181,924.86 --- 183,207.82 1,288.38 4.000 1.850 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137FL6P4 Agency MBS Freddie Mac 01/25/2029 09/09/2019 275,000.00 307,108.40 --- 305,637.75 (1,303.64) 3.563 2.215 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31419AM53 Agency MBS Federal National Mortgage Association 08/01/2024 06/28/2019 119,294.27 123,693.24 --- 123,449.29 97.18 5.500 2.327 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137FNAD2 Agency MBS Freddie Mac 11/25/2028 08/01/2019 149,860.76 152,851.68 --- 155,708.33 2,916.01 2.631 1.970 AAA 256350018 MIEVI-RCTC 91 TIFIA Reserve 3138LFP51 Agency MBS Federal National Mortgage Association 10/01/2028 09/09/2019 200,000.00 207,601.56 --- 205,838.00 (1,715.56) 2.570 2.224 AAA 256350021 MIM-RCTC 2013 Residual Fund 87165LBB6 Asset Backed Synchrony Credit Card Master Note Trust 2016-2 05/17/2021 08/02/2019 160,000.00 160,387.50 --- 160,531.20 176.35 2.210 2.011 AAA 256350021 MIM-RCTC 2013 Residual Fund 02587AAJ3 Asset Backed American Express Credit Account Master Trust 02/18/2020 --- 221,000.00 218,887.00 --- 220,825.41 479.86 1.930 2.147 AAA 256350021 MIM-RCTC 2013 Residual Fund 43814TAD4 Asset Backed Honda Auto Receivables 2007-1 Owner Trust 06/21/2023 10/11/2018 200,000.00 196,375.00 --- 199,990.00 2,201.72 2.050 2.062 AAA 256350021 M1M-RCTC 2013 Residual Fund 05584PAD9 Asset Backed BMW Vehicle Lease Trust 2017-2 02/20/2020 10/11/2018 99,958.92 99,060.85 --- 99,950.92 183.44 2.070 2.117 AAA 256350021 MIM-RCTC 2013 Residual Fund 65478HAD0 Asset Backed NAROT_I7-C 04/18/2022 09/25/2018 70,000.00 68,908.98 --- 70,016.80 504.06 2.120 2.099 AAA 256350021 MIM-RCTC 2013 Residual Fund 17305EGK5 Asset Backed Citibank Credit Card Issuance Trust 01/20/2023 07/19/2019 100,000.00 100,625.00 --- 100,736.00 189.81 2.490 1.915 AAA 256350021 MIM-RCTC 2013 Residual Fund 65478DAD9 Asset Backed Nissan Auto Receivables 2018-A Owner Trust 05/16/2022 06/29/2018 85,000.00 84,561.72 --- 85,402.05 594.80 2.650 2.156 AAA 256350021 MIM-RCTC 2013 Residual Fund 38013FAD3 Asset Backed GM Financial Consumer Automobile Receivables Trust 2018-4 10/16/2023 07/24/2019 75,000.00 76,374.02 --- 76,327.50 80.94 3.210 2.174 AAA 256350021 MIM-RCTC 2013 Residual Fund 47789JAB2 Asset Backed John Deere Owner Trust 2019 10/15/2021 03/05/2019 105,000.00 104,995.21 --- 105,484.05 486.59 2.850 2.108 AAA 256350021 MIM-RCTC 2013 Residual Fund 31680YAB3 Asset Backed Fifth Third Auto Trust 2019-1 05/16/2022 04/30/2019 155,000.00 154,991.46 --- 155,601.40 606.84 2.660 2.123 AAA 256350021 MIM-RCTC 2013 Residual Fund 65478LAB5 Asset Backed Nissan Auto Lease Trust 2019-B 10/15/2021 07/16/2019 80,000.00 79,993.00 --- 80,126.40 131.94 2.270 2.016 AAA 256350021 M1M-RCTC 2013 Residual Fund 477870AB5 Asset Backed John Deere Owner Trust 2019-B 05/16/2022 07/16/2019 90,000.00 89,999.66 --- 90,207.00 207.12 2.280 2.046 AAA 256350021 MIM-RCTC 2013 Residual Fund 14315PAB1 Asset Backed Carmax Auto Owner Trust 2019-3 12/15/2022 07/24/2019 120,000.00 119,994.61 --- 120,254.40 259.14 2.210 2.028 AAA 256350021 M1M-RCTC 2013 Residual Fund 26209AAEI Asset Backed Drive Auto Receivables Trust 2019-4 01/16/2024 09/09/2019 80,000.00 79,989.10 --- 79,900.00 (89.26) 2.230 2.299 AA 256350023 MIM-Sr Lien Reserve Fund-1 62888VAA6 CMG NCUA Guaranteed Notes Trust 2010-RI 10/07/2020 01/22/2019 88,599.16 88,630.32 --- 88,637.26 19.52 2.679 2.551 AAA 256350021 MIM-RCTC 2013 Residual Fund 62888VAA6 CMG NCUA Guaranteed Notes Trust 2010-R1 10/07/2020 05/10/2019 0.01 0.01 --- 0.01 0.00 2.679 2.551 AAA 256350021 MIM-RCTC 2013 Residual Fund 62888UAB6 CMG NCUA Guaranteed Notes Trust 2010-R2 11/05/2020 03/15/2019 162,007.24 162,247.73 --- 162,263.21 94.44 2.699 2.112 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 62888VAA6 CMG NCUA Guaranteed Notes Trust 2010-R1 10/07/2020 06/24/2019 21,846.37 21,836.13 --- 21,855.76 17.52 2.679 2.551 AAA 256350021 MIM-RCTC 2013 Residual Fund 38141EA58 Corporate The Goldman Sachs Group, Inc. 03/15/2020 --- 200,000.00 208,651.00 --- 202,876.00 670.34 5.375 2.201 A 256350021 MIM-RCTC 2013 Residual Fund 06051GEC9 Corporate Bank of America Corporation 07/01/2020 --- 200,000.00 207,806.00 --- 205,330.00 1,863.13 5.625 2.035 A 256350021 MIM-RCTC 2013 Residual Fund 61747WAF6 Corporate Morgan Stanley 01/25/2021 --- 200,000.00 213,237.00 --- 209,276.00 1,864.63 5.750 2.163 A 256350021 M1M-RCTC 2013 Residual Fund 637432MU6 Corporate National Rural Utilities Cooperative Finance Corporation 06/15/2020 06/21/2019 200,000.00 199,972.00 05/15/2020 200,314.00 334.13 2.350 2.095 A 256350021 MIM-RCTC 2013 Residual Fund 254010AC5 Corporate Dignity Health 11/01/2019 03/15/2018 24,000.00 23,897.52 --- 24,000.48 5.88 2.637 2.586 BBB 256350021 MIM-RCTC 2013 Residual Fund 40428HPN6 Corporate HSBC USA Inc. 11/13/2019 06/29/2018 100,000.00 99,140.00 --- 100,022.00 96.64 2.375 2.171 A 256350021 MIM-RCTC 2013 Residual Fund 084659AB7 Corporate Berkshire Hathaway Energy Company 02/01/2020 04/22/2019 250,000.00 249,475.00 01/01/2020 250,185.00 411.71 2.400 2.097 A 256350021 MIM-RCTC 2013 Residual Fund 06051GFN4 Corporate Bank of America Corporation 04/21/2020 01/25/2018 100,000.00 99,537.00 --- 100,107.00 224.15 2.250 2.055 A 256350021 MIM-RCTC 2013 Residual Fund 05531FAU7 Corporate BB&T Corporation 06/29/2020 04/15/2019 250,000.00 249,642.50 05/29/2020 250,882.50 1,101.68 2.625 2.086 A 256350021 MIEVI-RCTC 2013 Residual Fund 94974BGM6 Corporate Wells Fargo & Company 07/22/2020 04/15/2019 200,000.00 199,590.00 --- 200,944.00 1,204.33 2.600 2.009 A 256350021 MIM-RCTC 2013 Residual Fund 375558BB8 Corporate Gilead Sciences, Inc. 09/01/2020 --- 135,000.00 133,439.10 --- 135,650.70 1,395.17 2.550 2.017 A 256350021 MIM-RCTC 2013 Residual Fund 780082AC7 Corporate Royal Bank of Canada 10/14/2020 --- 200,000.00 196,622.00 --- 200,130.00 1,747.96 2.100 2.036 AAA 157 Page 4 of 37 par RIVERSIDE COUNTY TRANSPORTATION COMMISSION 256350021 256350021 256350021 256350021 256350021 MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund 06416CAC2 06406FAB9 172967LC3 06367TPX2 86787EAS6 91 CIP STAMP Portfolio by Investment Category for quarter ended September 30, 2019 Corporate Corporate Corporate Corporate Corporate 256350021 MIM-RCTC 2013 Residual Fund 69353RFC7 Corporate 256350021 MIM-RCTC 2013 Residual Fund 55279HAN0 Corporate 256350021 MIM-RCTC 2013 Residual Fund 31677QBK4 Corporate 256350021 MIM-RCTC 2013 Residual Fund 17401QAN1 Corporate 256350021 MIM-RCTC 2013 Residual Fund 69353RFH6 Corporate 256350021 MIM-RCTC 2013 Residual Fund 90331HNP4 Corporate 256350021 MIM-RCTC 2013 Residual Fund 69371RP34 Corporate 256350021 MIM-RCTC 2013 Residual Fund 14913Q2X6 Corporate 256350021 MIM-RCTC 2013 Residual Fund 86787EBD8 Corporate 256350021 MIM-RCTC 2013 Residual Fund 025816CE7 Corporate 256350021 MIM-RCTC 2013 Residual Fund 05531FBJ1 Corporate 256350021 MIM-RCTC 2013 Residual Fund 23337UX79 CP 256350021 MIM-RCTC 2013 Residual Fund 50000EX33 CP The Bank of Nova Scotia The Bank of New York Mellon Corporation Citigroup Inc. Bank of Montreal SunTrust Bank PNC Bank, National Association Manufacturers & Traders Trust Company Fifth Third Bank Citizens Bank, National Association PNC Bank, National Association U.S. Bank National Association PACCAR Financial Corp. Caterpillar Financial Services Corporation SunTrust Bank American Express Company BB&T Corporation DTE Gas Company Koch Industries, Inc. 04/26/2021 -- 200,000.00 194,126.00 Neat Call 05/03/2021 10/11/2018 200,000.00 193,708.00 04/03/2021 199,970.00 200,150.00 12/08/2021 --- 450,000.00 449,617.50 11/08/2021 456,637.50 12/12/2019 --- 200,000.00 197,898.00 200,016.00 O1/31/2020 O1/25/2018 100,000.00 100,644.00 12/31/2019 100,116.00 05/19/2020 10/10/2018 08/17/2020 10/11/2018 10/30/2020 06/21/2019 10/30/2020 04/15/2019 O1/22/2021 04/22/2019 04/26/2021 10/11/2018 05/10/2021 04/30/2019 05/17/2021 05/14/2019 05/17/2022 05/14/2019 05/20/2022 05/15/2019 03/16/2023 09/09/2019 10/07/2019 09/06/2019 10/03/2019 09/09/2019 250,000.00 250,000.00 200,000.00 250,000.00 250,000.00 250,000.00 200,000.00 120,000.00 50,000.00 100,000.00 165,000.00 425,000.00 375,000.00 245,222.50 04/19/2020 244,707.50 07/17/2020 199,810.00 09/30/2020 247,950.00 249,005.00 12/22/2020 249,395.00 03/26/2021 200,250.00 120,000.00 50,000.00 04/17/2022 100,000.00 04/19/2022 164,877.90 02/13/2023 424,202.18 374,490.00 249,910.00 250,152.50 200,374.00 250,535.00 251,562.50 254,082.50 200,116.00 120,274.80 50,125.50 100,320.00 164,902.65 424,859.75 374,958.75 Base Net Total Unrealized ., 3,324.82 4,132.28 6,949.52 336.66 32.40 Summarized 1.875 1.884 AAA 2.050 1.999 A 2.900 2.179 A 2.100 2.047 AA 2.786 2.251 A 1,823.01 2.000 2.056 2,713.41 2.050 1.972 525.12 2.200 2.010 1,982.86 2.250 2.033 2,307.99 2.500 1.982 4,461.98 3.150 2.031 (82.58) 2.441 2.337 274.80 2.514 2.357 125.50 2.714 2.596 320.00 2.756 2.599 23.36 2.200 2.218 14.17 0.000 1.697 1.25 0.000 1.320 A A A A A AA A A A A A AA AAA 256350021 MIM-RCTC 2013 Residual Fund 69372BXU9 CP 256350021 MIM-RCTC 2013 Residual Fund 21687BXM8 CP 256350021 MIM-RCTC 2013 Residual Fund 93884FX98 CP 256350021 MIM-RCTC 2013 Residual Fund 53154MXH2 CP 256350021 MIM-RCTC 2013 Residual Fund 21201CX43 CP 256350021 MIM-RCTC 2013 Residual Fund 23336KXQ0 CP 256350023 MIM-Sr Lien Reserve Fund-1 CCYUSD Currency 256350021 MIM-RCTC 2013 Residual Fond CCYUSD Currency 256350021 MIM-RCTC 2013 Residual Fund CCYUSD Currency 256350018 MIM-RCTC 91 TIFIA Reserve CCYUSD Currency 256350023 MIM-Sr Lien Reserve Fund-1 31846V401 MM Fund 256350021 MIM-RCTC 2013 Residual Fund 31846V401 MM Fund PACCAR Financial Corp. Co6peratieve Rabobank U.A., New York Branch Washington Gas Light Company Liberty Utilities Co. Continental Rubber of America, Corp. DTE Electric Company UNITED STATES OF AMERICA UNITED STATES OF AMERICA UNITED STATES OF AMERICA UNITED STATES OF AMERICA First American Funds, Inc. - Government Obligations Fund 10/28/2019 09/25/2019 10/21/2019 09/25/2019 10/09/2019 09/25/2019 10/17/2019 09/26/2019 10/04/2019 09/27/2019 10/24/2019 09/27/2019 09/30/2019 09/30/2019 09/30/2019 09/30/2019 09/30/2019 First American Funds, Inc. - Government Obligations Fund 09/30/2019 425,000.00 425,000.00 425,000.00 475,000.00 475,000.00 400,000.00 0.00 0.00 0.00 0.00 0.00 0.00 424,220.83 424,389.18 424,652.92 474,368.25 474,796.80 399,400.00 (199 798.78) (0.00) (651,917.62) 248,509.29 712,819.77 424,371.00 424,536.75 424,813.00 474,582.00 474,924.00 399,496.00 (199 798.78) (0.00) (651,917.62) (224,772.81) 248,509.29 712,819.77 8.50 0.000 1.903 6.61 0.000 1.869 11.33 0.000 1.760 63.33 0.000 1.864 11.09 0.000 1.440 7.11 0.000 1.890 0.00 0.000 0.000 0.00 0.000 0.000 0.00 0.000 0.000 0.00 0.000 0.000 0.00 1.520 1.370 0.00 1.520 1.520 AAA AAA AAA AA AA AAA AAA AAA AAA AAA AAA AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31846V401 MM Fund First American Funds, Inc. - Government Obligations Fund 09/30/2019 0.00 281,048.25 281,048.25 0.00 1.520 1.520 AAA 256350021 MIM-RCTC 2013 Residual Fund 072024W W8 Muni 256350021 MIM-RCTC 2013 Residual Fund 4581XOCZ9 256350021 MIM-RCTC 2013 Residual Fund 459058GK3 Bay Area Toll Authority Non -US Gov Inter -American Development Bank Non -US Gov International Bank for Reconstruction and Development 256350023 MIM-Sr Lien Reserve Fund-1 912828SA9 TIPS 256350023 MIM-Sr Lien Reserve Fund-1 912828UH1 TIPS 256350023 MIM-Sr Lien Reserve Fund-1 912828V49 TIPS 256350023 MIM-Sr Lien Reserve Fund-1 9128285W6 TIPS 256350023 MIM-Sr Lien Reserve Fund-1 9128286N5 TIPS 256350021 MIM-RCTC 2013 Residual Fund 912828SA9 TIPS United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury 04/01/2022 09/20/2019 09/14/2022 09/30/2019 08/21/2020 O1/15/2022 O1/15/2023 02/05/2018 O1/15/2027 O1/15/2029 04/15/2024 O1/15/2022 06/29/2018 95,000.00 650,000.00 315,000.00 470,414.95 194,510.75 297,385.20 254,015.00 269,568.60 204,035.40 95,000.00 652,067.00 315,116.40 472,717.60 192,012.67 296,042.35 269,274.49 273,933.38 200,689.42 95,186.20 651,917.50 315,163.80 465,720.21 192,814.62 300,457.19 269,393.07 272,795.34 201,999.13 186.20 2.128 2.047 (149.50) 1.750 1.647 103.72 2.040 2.013 (5,879.32) 0.125 0.563 (26.85) 0.125 0.391 4,089.70 0.375 0.232 351.80 0.875 0.216 (1,016.49) 0.500 0.235 131.81 0.125 0.563 AA AAA AAA AAA AAA AAA AAA AAA AAA 256350021 MIM-RCTC 2013 Residual Fund 912828UH1 TIPS United States Department of The Treasury O1/15/2023 100,034.10 98,163.78 99,161.80 461.30 0.125 0.391 AAA 256350021 MIM-RCTC 2013 Residual Fund 9128286N5 TIPS 256350018 MIM-RCTC 91 TIFIA Reserve 912828UH1 TIPS 256350018 MIM-RCTC 91 TIFIA Reserve 912828V49 TIPS 256350018 MIM-RCTC 91 TIFIA Reserve 9128285W6 TIPS 256350018 MIM-RCTC 91 TIFIA Reserve 9128286N5 TIPS 256350023 MIM-Sr Lien Reserve Fund-1 912828B58 US Gov 256350023 MIM-Sr Lien Reserve Fund-1 912828G38 US Gov 256350023 MIM-Sr Lien Reserve Fund-1 912828XB I US Gov 256350023 MINI -Sr Lien Reserve Fund-1 912828L57 US Gov 256350023 MIM-Sr Lien Reserve Fund-1 912828L99 US Gov 256350023 MINI -Sr Lien Reserve Fund-1 912828Y53 US Gov 256350021 MIM-RCTC 2013 Residual Fund 912828UF5 US Gov 256350021 MIM-RCTC 2013 Residual Fund 912828VA5 US Gov 256350021 MIM-RCTC 2013 Residual Fund 912828V V9 US Gov 256350021 MIM-RCTC 2013 Residual Fund 912828B58 US Gov 256350021 MIM-RCTC 2013 Residual Fund 912828L57 US Gov 256350021 MIM-RCTC 2013 Residual Fund 912828Y53 US Gov 256350021 MIM-RCTC 2013 Residual Fund 9128285H9 US Gov 256350018 MIM-RCTC 91 TIFIA Reserve 912828B58 US Gov 256350018 MIM-RCTC 91 TIFIA Reserve 912828XB 1 US Gov 256350018 MIM-RCTC 91 TIFIA Reserve 912828L57 US Gov 256350018 MIM-RCTC 91 TIFIA Reserve 912828L99 US Gov 256350018 MIM-RCTC 91 TIFIA Reserve 912828Y53 US Gov 256350021 MIM-RCTC 2013 Residual Fund 658886DZ6 VRDN 256350021 MIM-RCTC 2013 Residual Fund 56052FHZ1 VRDN United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury North Dakota Housing Finance Agency Maine State Housing Authority 04/15/2024 O1/15/2023 06/06/2019 O1/15/2027 06/25/2019 O1/15/2029 04/15/2024 08/01/2019 O1/31/2021 11/15/2024 04/18/2017 05/15/2025 09/30/2022 10/31/2020 07/31/2020 09/30/2019 12/31/2019 04/30/2020 08/31/2020 O1/31/2021 09/30/2022 07/31/2020 10/31/2020 O1/31/2021 06/26/2019 05/15/2025 09/11/2019 09/30/2022 09/10/2019 10/31/2020 06/25/2019 417,068.40 666,894.00 308,006.10 264,175.60 294,999.60 1,375,000.00 1,350,000.00 1,125,000.00 1,400,000.00 210,000.00 200,000.00 970,000.00 925,000.00 1,060,000.00 550,000.00 1,320,000.00 1,400,000.00 800,000.00 1,500,000.00 450,000.00 1,000,000.00 1,300,000.00 07/31/2020 09/30/2019 225,000.00 07/01/2038 06/29/2018 100,000.00 11/15/2052 06/29/2018 100,000.00 424,444.11 662,811.45 310,401.25 279,038.60 299,221.13 1,405,890.24 1,369,037.11 1,143,342.78 1,386,564.45 208,983.98 199,805.08 955,677.54 901,532.23 1,047,463.28 541,754.30 1,326,527.35 1,399,880.28 799,675.60 1,506,269.53 462,076.17 1,006,210.94 1,292,179.69 224,780.71 100,000.00 100,000.00 10/30/2019 422,060.71 661,078.68 311,187.80 280,168.79 298,530.75 1,381,283.75 1,394,145.00 1,156,815.00 1,406,944.00 209,031.90 199,798.00 968,030.90 921,059.50 1,062,607.60 552,513.50 1,326,547.20 1,398,586.00 798,736.00 1,506,855.00 462,726.00 1,004,960.00 1,294,007.00 224,772.75 100,000.00 100,000.00 (2,194.78) 0.500 0.235 (2,090.08) 0.125 0.391 868.75 0.375 0.232 1,441.53 0.875 0.216 (550.99) 0.500 0.235 (1,951.86) 2.125 1.776 30,942.76 2.250 1.583 21,154.09 2.125 1.597 14,660.03 1.750 1.580 (631.86) 1.375 1.806 (7.08) 1.957 2.110 1,374.73 1.125 1.935 4,523.43 1.125 1.861 8,481.78 2.125 1.853 7,135.98 2.125 1.776 (829.83) 1.750 1.580 (1,310.76) 1.957 2.110 (1,058.85) 1.959 2.140 1,597.53 2.125 1.776 748.20 2.125 1.597 (1,150.52) 1.750 1.580 316.39 1.375 1.806 AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA (7.96) 1.957 2.110 AAA 0.00 2.050 2.050 AA 0.00 2.100 2.100 AA 62,328,846.39 297,195.03 158 Page 5 of 37 INFRIVERSIDE COUNTY TRANSPORTATION COMMISSION 256350018 256350018 256350018 256350018 256350018 256350018 256350018 /5615001R MIM-ROTC 91 TIFIA Reserve MIM-RCTC 91 TIFIA Reserve MIM-RCTC 91 TIFIA Reserve MIM-RCTC 91 TIFIA Reserve MIM-RCTC 91 TIFIA Reserve MIM-RCTC 91 TIFIA Reserve MIM-RCTC 91 TIFIA Reserve MTV-RCTC 91 TIFIA Receive 3137EADB2 3137EADR7 3I35GOD75 3136G4TH6 3I30AFFX0 38374C417 38376PRM4 1R177RFV1 Agency Agency Agency Agency Agency Agency CMO Agency CMO 91 CIP STAMP Portfolio by Account for quarter ended September 30, 2019 Freddie Mac Freddie Mac Federal National Mortgage Association Federal National Mortgage Association Federal Home Loan Banks Government National Mortgage Association Government National Mortgage Association C..nv. ent Narinnal Mnrtvane A.ccnniarinn 01/13/2022 05/01/2020 06/22/2020 01/30/2020 11/16/2028 07/20/2020 05/20/2038 10/20/2010 06/06/2019 06/07/2019 06/07/2019 06/13/2019 09/11/2019 06/14/2019 06/18/2019 07/01n019 500,000.00 175,000.00 650 000.00 300,000.00 200,000.00 71,389.49 36,548.90 R5 07R 14 505,766.50 173,909.75 646 269.00 300,289.38 222,450.00 72,237.25 36,731.64 R7 fiR447 507,700.00 174,485.50 648 186.50 300,159.00 222,880.00 72,211.90 36,787.93 R7 756 17 2,619.48 201.43 805.68 6.76 545.53 172.13 84.80 12(12R 2.375 1.375 1.500 1.980 3.250 5.500 4.000 1.500 1.685 1.881 1.887 1.862 1.880 1.826 2.282 151 AAA AAA AAA AAA AAA AAA AAA AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3I37A6B27 Agency CMO Freddie Mac 256350018 MIM-RCTC 91 TIFIA Reserve 3137A2B26 Agency CMO Freddie Mac 256350018 MIM-RCTC 91 TIFIA Reserve 3I37ABFH9 Agency CMO Freddie Mac 10/25/2020 06/27/2019 248,008.62 253,472.55 252,460.37 75.83 4.333 2.084 AAA 08/25/2020 06/13/2019 219,325.01 221,929.49 --- 221,577.48 461.31 3.808 2.243 AAA 06/25/2021 --- 149,000.00 152,765.01 --- 152,929.13 726A7 3.989 2.054 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AH6C7 Agency CMO Freddie Mac 07/25/2021 06/07/2019 337,679.59 343,654.94 --- 342,407.10 (363.48) 3.230 2.260 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38376V2E6 Agency CMO Government National Mortgage Association 07/16/2039 08/06/2019 124,473.02 129,529.74 130,665.56 1,196.18 4.000 1.665 AAA 75615001 R MTM-RCTC 91 TTFIA Reserve 1117AIMFR Avencv CMO Freddie Mac 10/95/2021 06/07/9019 111.067.26 116 791.92 --- 115.R01.59 2R2.64 2.96R 2.OR4 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378BSZ3 Agency CMO Government National Mortgage Association 256350018 MIM-RCTC 91 TIFIA Reserve 38378BXQ7 Agency CMO Government National Mortgage Association 256350018 MIM-RCTC 91 TIFIA Reserve 3I37ATRW4 Agency CMO Freddie Mac 256350018 MIM-RCTC 91 TIFIA Reserve 3137AUPE3 Agency CMO Freddie Mac 256350018 MIM-RCTC 91 TIFIA Reserve 3I36A5KR6 Agency CMO Federal National Mortgage Association 04/16/2040 06/25/2019 251,778.86 250,362.61 250,779.30 291.97 2.141 2.361 AAA 01/16/2036 06/17/2019 243,407.01 240,972.94 --- 241,471.92 (90.30) 1.537 3.096 AAA 05/25/2022 06/28/2019 300,000.00 302,496.09 302,613.00 373.98 2.373 1.961 AAA 06/25/2022 06/28/2019 200,000.00 201,773.44 --- 201,920.00 321.33 2.396 1.963 AAA 10/25/2022 06/10/2019 194,302.33 192,845.06 193,406.59 437.01 1.750 2.115 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137A)CHP1 Agency CMO Freddie Mac 256350018 MIM-RCTC 91 TIFIA Reserve 3I37B1UG5 Agency CMO Freddie Mac 256350018 MIM-RCTC 91 TIFIA Reserve 38378TAF7 Agency CMO Government National Mortgage Association 256350018 MIM-RCTC 91 TIFIA Reserve 3I36AGFQ0 Agency CMO Federal National Mortgage Association 25615001R MTM-RCTC 91 TTFIA Reserve 3137B6DF5 Avencv CMO Frelit M 09/25/2022 06/28/2019 150,000.00 152,232.42 --- 152,436.00 392.44 2.573 1.941 AAA 01/25/2023 06/25/2019 200,000.00 204,101.56 203,880.00 103.72 2.637 1.955 AAA 07/20/2041 07/05/2019 119,845.02 120,069.74 --- 120,989.54 930.29 2.500 2.128 AAA 12/25/2038 06/18/2019 184,558.40 186,887.00 187,040.71 242.05 3.500 2.466 AAA 11/15/7026 06/1R/9019 1RR 91659 1R6.760.90 --- 1RR .77R.54 941145 2.000 1.R47 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38376GY53 Agency CMO Government National Mortgage Association 01/16/2040 08/06/2019 70,016.99 70,238.53 70,380.38 180.90 3.526 2.465 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137BDKF2 Agency CMO Freddie Mac 09/15/2040 --- 76,152.70 77,748.55 --- 78,269.74 559.62 3.500 2.017 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38377YTI4 Agency CMO Government National Mortgage Association 05/20/2040 06/17/2019 218,960.30 216,291.72 216,400.65 104.04 2.000 2.419 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38377QKH9 Agency CMO Government National Mortgage Association 08/20/2040 08/20/2019 55,041.69 56,041.47 --- 56,197.56 145.98 3.000 2.258 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378BCG2 Agency CMO Government National Mortgage Association 03/16/2037 06/25/2019 65,874.90 65,463.18 --- 65,602.84 311.16 2.105 2.675 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378WUY7 Agency CMO Government National Mort gage Association 06/20/2041 06/12/2019 181,275.26 181,558.51 --- 182,299.47 754.01 2.500 2.096 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378CNY9 Agency CMO Government National Mortgage Association 11/20/2038 06/25/2019 200,000.00 202,593.75 202,130.00 20.29 3.500 2.534 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31397ALN1 Agency CMO Freddie Mac 04/15/2032 06/18/2019 190,544.63 190,425.55 --- 190,603.70 264.48 2.378 2.355 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3I36ADFF1 Agency CMO Federal National Mortgage Association 04/25/2023 06/10/2019 135,754.97 133,803.49 134,413.71 529.84 1.500 2.194 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AS7D0 Agency CMO Freddie Mac 04/15/2039 _ 06/14/2019 197,536.20 196,054.68 --- 197,449.28 1,362.78 2.000 1.987 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3I37B3HX9 Agency CMO Freddie Mac 07/15/2038 06/20/2019 101,165.62 100,849.48 101,596.59 823.91 2.478 2.230 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136AGZA3 Agency CMO Federal National Mortgage Association 09/25/2030 06/25/2019 31,534.57 31,745.21 --- 31,883.97 148.95 3.000 _ 2.257 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 383791M99 Agency CMO Government National Mortgage Association 02/16/2041 08/28/2019 58,351.06 58,727.15 59,130.63 408.85 2.500 1.812 AAA 95e15n01R TM_ROI, 01 TIFIA R 5.5515 1A2nAFVR2 12/15/202d 0,11,010 1nA 591 R5 1070, On __ 1,1R A0121 R1917 Anon 1477 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 36297GCD0 Agency MBS Government National Mortgage Association 02/15/2025 06/12/2019 105,129.59 109,552.44 --- 108,351.82 (932.55) 4.500 2.877 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31381SVJ8 Agency MBS Federal National Mortgage Association 11/01/2021 07/22/2019 85,016.28 86,464.21 --- 86,929.14 593.34 3.330 2.128 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3I38EJRP5 Agency MBS Federal National Mortgage Association 06/01/2021 06/18/2019 150,846.32 155,396.82 155,435.07 808.66 4.356 1.961 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31381R5T7 Agency MBS 256350018 MIM-RCTC 91 TIFIA Reserve 3I37B1U75 Agency MBS 25A15nn1R _RrTr 01 TIFIA Rcccrarc 1R17RICWI TO At-rpm-,nARR Federal National Mortgage Association Freddie Mac 09/01/2021 06/20/2019 101,000.00 103,840.63 --- 104,005.76 538.37 3.770 2.119 AAA 01/25/2023 06/27/2019 375,000.00 378,618.16 379,582.50 1,313.61 2.522 1.997 AAA 11 /1 A/2041 ___ 06 001 1n 02 710 14 ___ Od 00A 77 2 ARA AA 1 don 2 1RR A A A 256350018 MIM-RCTC 91 TIFIA Reserve 38378KW47 Agency MBS Government National Mortgage Association 256350018 MIM-RCTC 91 TIFIA Reserve 3137B1BS0 Agency MBS Freddie Mac 256350018 MIM-RCTC 91 TIFIA Reserve 3I38EKX14 Agency MBS Federal National Mortgage Association 256350018 MIM-RCTC 91 TIFIA Reserve 3136AHAE0 Agency MBS Federal National Mortgage Association 256350018 MIM-RCTC 91 TIFIA Reserve 3I36A7MN9 Agency MBS Federal National Mortgage Association 08/16/2035 06/13/2019 307,521.03 305,791.23 306,426.26 330.35 2.150 2.512 AAA 11/25/2022 --- 645,000.00 652,086.14 --- 654,733.05 3,129.85 2.510 1.950 AAA 03/01/2023 08/21/2019 51,869.20 52,452.73 --- 52,470.37 39A0 2.353 1.915 AAA 04/25/2023 06/28/2019 133,123.43 134,352.16 --- 136,113.38 1,937.18 2.707 1.331 AAA 05/25/2022 08/22/2019 158,106.21 159,384.66 159,464.35 135.23 2.349 1.876 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 256350018 MIM-RCTC 91 TIFIA Reserve 25A14001R MTAA 14,14'. 01 TTFIA R 3137AWQG3 Agency MBS 3I397UPF0 Agency MBS 111R1Q6B7 Agency MRR Freddie Mac Federal National Mortgage Association F1 Nnr;..,.n1 rr,.o,.a A 256350018 MIM-RCTC 91 TIFIA Reserve 3I37BM6P6 Agency MBS Freddie Mac 256350018 MIM-RCTC 91 TIFIA Reserve 3138E1PZ5 Agency MBS Federal National Mortgage Association_ 256350018 MIM-RCTC 91 TIFIA Reserve 3I37BSRZ8 Agency MBS Freddie Mac 256350018 MIM-RCTC 91 TIFIA Reserve 3138L2QG5 Agency MBS Federal National Mortgage Association 256350018 MIM-RCTC 91 TIFIA Reserve 3620ARB67 Agency MBS Government National Mortgage Association 04/25/2022 06/07/2019 309,605.82 306,171.12 06/25/2021 06/10/2019 300,184.15 305,109.05 nA/01/2021 07/01,010 .11/0/A 1RA 71172 307,902.98 305,473.39 I R7 d77 Rd 1,447.24 1,213.55 1 50A 05 1.583 1.928 3.763 1.969 A 205 WO AAA AAA AAA 08/25/2022 06/28/2019 200,000.00 205,437.50 204,542.00 (424.00) 3.090 2.157 AAA 07/01/2022 07/22/2019 223,205.81 227,277.57 --- 228,426.59 62.54 3.022 1.910 AAA 09/25/2022 06/28/2019 183,972.07 187,60121 --- 187,829.97 225.71 2.838 1.945 AAA 01/01/2028 09/09/2019 264,602.19 280,778.08 --- 280,213.72 (496.36) 3.010 2.223 AAA 05/15/2025 06/10/2019 219,716.76 227,715.83 228,547.18 1,129.71 4.000 1.944 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378NWU3 Agency MBS Government National Mortgage Association 256350018 MIM-RCTC 91 TIFIA Reserve 3I37FBAJ5 Agency MBS Freddie Mac 06/16/2048 06/27/2019 165,513.73 167,841.27 --- 169,985.91 2,000.74 2.542 2.358 AAA 08/25/2027 06/26/2019 200,000.00 211,593.75 216,298.00 5,039.19 3.281 2.137 AAA 7 7 Al104 All 00 l 4 CA 22n7 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3620C4S1J5 Agency MBS Government National Mortgage Association 256350018 MIM-RCTC 91 TIFIA Reserve 3137F4D41 Agency MBS Freddie Mac 256350018 MIM-RCTC 91 TIFIA Reserve 3I37F4CY6 Agency MBS Freddie Mac 256350018 MIM-RCTC 91 TIFIA Reserve 3137FGZN8 Agency MBS Freddie Mac 256350018 MIM-RCTC 91 TIFIA Reserve 3I37BP4K2 Agency MBS Freddie Mac 09/15/2025 06/12/2019 99,977.95 103,676.35 103,996.06 412.38 4.000 2.107 AAA 01/25/2028 06/27/2019 150,000.00 163,248.05 --- 165,709.50 2,817.88 3.600 2.194 AAA 09/25/2024 06/28/2019 190,000.00 195,907.81 198,285.90 2,662.38 2.920 1.946 AAA 02/25/2023 06/18/2019 269,041.88 268,915.77 --- 268,985.38 292.84 2.424 2.312 AAA 03/25/2026 09/09/2019 200,000.00 210,125.00 --- 209,302.00 (743.80) 2.849 2.060 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 256350018 MIM-RCTC 91 TIFIA Reserve 25A15nn1R _RrTr 01 TIFIA R 3620A9T35 Agency MBS Government National Mortgage Association 3I37FL6P4 Agency MBS Freddie Mac 11A10AAA41 AAARC FaA 110nNI narr,.o,.a A��,..InH 11/15/2024 06/13/2019 176,185.08 181,924.86 01/25/2029 09/09/2019 275,000.00 307,108.40 0R/01/202d ne/9R,r110 110204 27 1/1A012d 183,207.82 305,637.75 121 Ado 70 1,288.38 (1,303.64) 07 1 R 4.000 1.850 3.563 2.215 5 Sr. 127 AAA AAA AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3I37FNAD2 Agency MBS Freddie Mac 11/25/2028 08/01/2019 149,860.76 152,851.68 155,708.33 2,916.01 2.631 1.970 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3138LFP51 Agency MBS Federal National Mortgage Association 10/01/2028 09/09/2019 200,000.00 207,601.56 --- 205,838.00 (1,715.56) 2.570 2.224 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 62888VAA6 CMO NCUA Guaranteed Notes Trust 2010-R1 10/07/2020 06/24/2019 21,846.37 21,836.13 21,855.76 17.52 2.679 2.551 AAA 256350018 MIM-RCTC 91 TIFIA Reserve CCYUSD Currency UNITED STATES OF AMERICA 09/30/2019 --- 0.00 --- (224,772.81) 0.00 0.000 0.000 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31846V401 MIA Fund First American F1mds Inc. - Government Obligations Fund 09/302019 --- 0.00 281 048.25 --- 281 048.25 0.00 1.520 1.520 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 256350018 MIM-RCTC 91 TIFIA Reserve 912828UH1 TIPS 9I2828V49 TIPS United States Department of The Treasury United States Department of The Treasury 01/15/2023 06/06/2019 666,894.00 662,811.45 --- 661,078.68 (2,090.08) 0.125 0.391 AAA 01/15/2027 06/252019 308,006.10 310,401.25 --- 311,187.80 868.75 0.375 0.232 AAA 159 Page 6 of 37 160 OFRIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio by Account for quarter ended September 30, 2019 ATTACHMENT 3 256350018 MIM-RCTC 91 TIFIA Reserve 9128285 6 TIPS 256350018 MIM-RCTC 91 TIFIA Reserve 9128286N5 TIPS 256350018 MIM-RCTC 9I TIFIA Reserve 912828B58 US Gov 256350018 MIM-RCTC 91 TIFIA Reserve 75A1cnn1R MIM-RCTC 91 TIFIA Receive 912828XB1 US Gov 912R7RI 57 iIR any United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury i InifeA Rfatec Denartment of Thn Trencnry 01/15/2029 04/15/2024 01/31/2021 05/15/2025 08/01/2019 06/26/2019 09/112019 n9/1n/2n22 n9/1n/2n19 264,175.60 294 999.60 1,500,000.00 450,000.00 1 OnQOnn Un 279,038.60 299 221.13 1,506,269.53 462,076.17 1 .fInA.21 Q94 280,168.79 298,530.75 1,506,855.00 462,726.00 1 on4.9An nn 1,441.53 0.875 (550.99) 0.500 1,597.53 2.125 748.20 2.125 11 150 521 1 75n 0.216 0.235 1.776 1.597 1 5Rn AAA AAA AAA AAA AAA 256350018 MIM-RCTC 91 TIFIA Reserve 256350018 MIM-RCTC 91 TIFIA Reserve 912828L99 US Gov 912828Y53 US Gov United States Department of The Treasury United States Department of The Treasury 10/31/2020 06/25/2019 1,300,000.00 07/31/2020 09/30/2019 225,000.00 19,765,125.93 1,292,179.69 224,780.71 20,318,496.62 1,294,007.00 224,772.75 20,130,897.26 316.39 (7.96) 47,174.91 1.375 1.806 1.957 2.110 AAA AAA 256350021 MIM-RCTC 2013 Residual Fund 75A15r11111 iM-RrTr 7n11 F..nr1 3137A1N90 Agency CMO 14177RF\I1 Freddie Mac 06/25/2020 06/26/2018 1n/0n/pn10 n7/n1/OnrO 63,881.49 171 05A A7 64,465.41 c 1AR 01 64,262.86 175 519 71 284.80 7dn 57 3.531 2.174 son 7 141 AAA AAA 256350021 256350021 256350021 256350021 256350021 MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund 3137ABFH9 31394GUX9 3137APP53 38378BXQ7 31397LUK3 Agency CMO Agency CMO Agency CMO Agency CMO Agency CMO Freddie Mac Freddie Mac Freddie Mac Government National Mortgage Association Federal National Mortgage Association 06/25/2021 08/15/2023 10/25/2020 01/16/2036 06/252023 03/15/2019 07/02/2019 05/18/2018 06/17/2019 10/102018 206,000.00 31,824.29 1,683.65 180,301.49 138,053.44 209,846.41 33,176.82 1,662.94 178,498.47 140.836.08 211,432.22 33,412.64 1,680.57 178,868.09 141,166.55 2,518.71 298.83 2.81 (66.88) 1,265.76 3.989 5.500 1.781 1.537 4.500 2.054 2.125 2.223 3.096 2.107 AAA AAA AAA AAA AAA 256350021 MIM-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund 75A15(10/1 MiM-RCTC 7n11 ReciAnal Fnnd 3137ATRW4 Agency CMO 3136A72D3 Agency CMO 111AASKRA Avencv CMD Freddie Mac Federal National Mortgage Association Federal National IV rfvave A.ccnniafi 05/25/2022 08/19/2019 04252022 07262019 1n/25/2n22 n1/25/2119 100,000.00 36,114.60 99 n94 19 101,109.38 36,325.97 97 711 A4 100,871.00 36,514.03 9R 6171A (187.33) 180.02 674.52 2.373 1.961 2.482 1.824 1 75n 2115 AAA AAA AAA 256350021 256350021 256350021 256350021 256350021 MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund 3137AYCE9 3137A2PV7 3137GAUY1 3137A1LC5 3137A5FP4 Agency CMO Agency CMO Agency CMO Agency CMO Agency CMO Freddie Mac Freddie Mac Freddie Mac Freddie Mac Freddie Mac 1025/2022 08/132019 09/15/2022 06/03/2019 10/15/2022 08/152019 08/15/2020 01/17/2018 01/152021 01/302018 360,000.00 30,358.89 162,560.24 3,380.35 27.983.91 367,790.63 29,827.60 160,883.83 3,369.26 28.053.87 367,196.40 30,458.46 161,965.26 �372.78 28.072.90 (263.29) 590.16 1,049.97 (2.32) 63.96 2.682 1.500 1.500 2.000 2.500 1.934 1.273 1.703 2.639 2.070 AAA AAA AAA AAA AAA 256350021 MIM-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund 7561511f J1 MIM-RCTC 7n11 Recidnal Ih,nd 38375CBH2 Agency CMO 38378CDK0 Agency CMO 1R17RAWX5 Aoenry CMD Government National Mortgage Association Government National Mortgage Association (;nvemment Nnfinnal Mnrtonoe A.c.cnninfinn 03/16/2035 03/19/2019 03202035 01/302018 nl/2n//A1A n1/1n/2nIR 25,348.79 22,445.93 NI I6A 94 25,194.33 22,652.85 ma4z.I1 225307.73 22,507.65 2 2AR 41 29.60 (10.45) 2n An 1.250 2.364 3.000 2.171 l non 214n AAA AAA AAA 256350021 256350021 256350021 256350021 256350021 MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund 31358TPC7 31416BVR6 31381RLL6 31381SVJ8 3128MMPP2 Agency CMO Agency MBS Agency MBS Agency MBS Agency MBS Federal National Mortgage Association Federal National Mortgage Association Federal National Mortgage Association Federal National Mortgage Association Freddie Mac 0225/2023 12/01/2020 07/01/2021 11/01/2021 03/01/2027 02/112019 01/17/2018 11/022018 02/22/2019 05/102019 98,513.03 13,523.22 52,475.83 85,016.27 230.439.95 98,815.69 13,827.49 53,254.78 85,441.35 229.431.78 98,813.49 13,948.66 53,795.60 86,929.13 232,843.44 218.17 2.868 2.647 331.50 5.000 -4.692 811.43 3.840 2.027 1,631.36 3.330 2.128 3,405.45 2.500 2.098 AAA AAA AAA AAA AAA 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund 3128MMPY3 3137B2GW4 3137APP61 38378KW47 3138L1 W62 3138EKXL4 31381RZ23 3137AXHN6 Agency MBS Agency MBS Agency MBS Agency MBS Agency MBS Agency MBS Agency MBS Agency MBS nAne Freddie Mac Freddie Mac Freddie Mac Government National Mortgage Association Federal National Mortgage Association Federal National Mortgage Association Federal National Mortgage Association Freddie Mac 06/01/2027 0325/2020 01/25/2022 08/162035 12/01/2022 03/01/2023 08/01/2021 0225/2022 /17/14/11111 05/10/2019 06/292018 09/06/2019 06/132019 02/21/2019 08/212019 11/02/2018 01/252018 211,517.30 91,913.95 15,000.00 118,848.71 125,917.77 55,327.15 60,517.77 24,409.92 210,591.91 91,317.94 15,244.92 118,180.18 125,170.13 55,949.58 61,416.08 24,074.29 213,736.12 91,822.03 15,192.60 118,425.61 125,542.53 55,968.39 62,043.43 24,345.24 3,125.06 139.50 (45.30) 127.67 313.42 42.03 920.93 152.77 2.500 2.103 2.313 2.136 2.789 2.067 2.150 2.512 2.500 2.567 2.353 1.915 3.840 2.129 1.749 1.877 4114 75 7 coo 1 074 AAA AAA AAA AAA AAA AAA AAA AAA AAA 256350021 256350021 256350021 256350021 256350021 MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund 3137AWQG3 31397UPF0 3137BIUF7 3620ARB67 31418CQM9 Agency MBS Agency MBS Agency MBS Agency MBS Agency MBS Freddie Mac Federal National Mortgage Association Freddie Mac Government National Mortgage Association Federal National Mortgage Association 0425/2022 06/25/2021 0925/2022 05/15/2025 10/01/2027 03/15/2019 01/252018 06/10/2019 09/112019 48,375.91 150,092.08 14,283.35 71,957.23 60,052.01 47,476.42 152,249.65 14,073.57 74,576.93 61,581.47 48,109.84 152,736.70 14,259.36 74,849.20 61,484.25 386.90 1,033.45 117.44 369.98 (101.42) 1.583 3.763 1.785 4.000 3.000 1.928 1.969 1.827 1.944 2.122 AAA AAA AAA AAA AAA 256350021 MIM-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund 75A15nlI11 MTV-RrTr 7nl l ReciAnal F..nr1 256350021 256350021 256350021 256350021 256350021 MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund 3140J6DU8 Agency MBS 3138L2GH4 Agency MBS 11141QRcd Ananr., WIC 3138L8H23 87165LBB6 02587AAJ3 43814TAD4 05584PAD9 Agency MBS Asset Backed Asset Backed Asset Backed Asset Backed Federal National Mortgage Association Federal National Mortgage Association Federal National Mortgage Association Synchrony Credit Card Master Note Trust 2016-2 American Express Credit Account Master Trust Honda Auto Receivables 2007-1 Owner Trust BMW Vehicle Lease Trust 2017-2 08/01/2031 07/01/2021 n1/n1/pnpl 12/01/2021 05/17/2021 02/18/2020 06/21/2023 0220/2020 07/26/2019 11 /A7/9A1 R 05/022019 08/02/2019 10/11/2018 10/112018 212,125.44 125,307.97 009A011 68,303.62 160,000.00 221,000.00 200,000.00 99,958.92 213,550.65 122,654.63 If, 1,1A 68,090.24 160,387.50 218,887.00 196,375.00 99,060.85 214,231.84 125,212.73 1n1 col m 68,195.70 160,531.20 220,825.41 199,990.00 99,950.92 675.83 1,770.10 1 114 77 102.15 176.35 479.86 2,201.72 183A4 2.500 2.133 1.870 1.854 ddln /51 2.730 2.210 1.930 2.050 2.070 2.734 2.011 2.147 2.062 2.117 AAA AAA AAA AAA AAA AAA AAA AAA 256350021 MIM-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund 65478HAD0 Asset Backed 17305EGK5 Asset Backed NAROT l7-C Citibank Credit Card Issuance Trust 04/18/2022 09/25/2018 0120/2023 07/192019 70,000.00 100,000.00 68,908.98 100,625.00 70,016.80 100,736.00 504.06 189.81 404 4/1 2.120 2.099 2.490 1.915 9 144 AAA AAA AAA 256350021 256350021 256350021 256350021 256350021 MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund 38013FAD3 477891AB2 31680YAB3 65478LAB5 477870AB5 Asset Backed Asset Backed Asset Backed Asset Backed Asset Backed GM Financial Consumer Automobile Receivables Trust 2018-, Jolm Deere Owner Trust 2019 Fifth Third Auto Trust 2019-1 Nissan Auto Lease Trust 2019-B John Deere Owner Trust 2019-B 10/16/2023 10/15/2021 05/16/2022 10/15/2021 05/16/2022 07/242019 03/05/2019 04/302019 07/16/2019 07/162019 75,000.00 105,000.00 155,000.00 80,000.00 90,000.00 76,374.02 104,995.21 154,991.46 79,993.00 89,999.66 76,327.50 105,484.05 155,601.40 80,126.40 90,207.00 80.94 486.59 606.84 131.94 207.12 3.210 2.174 2.850 2.108 2.660 2.123 2.270 2.016 2.280 2.046 AAA AAA AAA AAA AAA 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund MIM-RCTC 2013 Residual Fund 14315PAB1 26209AAE1 62888VAA6 62888UAB6 38141EA58 06051GEC9 61747WAF6 637432MU6 254010AC5 40428HPN6 084659AB7 06051GFN4 05531FAU7 Asset Backed Asset Backed CMO CMO Corporate Corporate Corporate Corporate Corporate Corporate Corporate Corporate Corporate Carmax Auto Owner Trust 2019-3 Drive Auto Receivables Trust 2019-4 NCUA Guaranteed Notes Trust 2010-R1 NCUA Guaranteed Notes Trust 2010-R2 The Goldman Sachs Group, Inc. Bank of America Corporation Morgan Stanley National Rural Utilities Cooperative Finance Corporation Dignity Health HSBC USA Inc. Berkshire Hathaway Energy Company Bank of America Corporation BB&T Corporation 12/15/2022 01/16/2024 10/07/2020 11/05/2020 03/15/2020 07/01/2020 01/25/2021 06/15/2020 11/01/2019 11/13/2019 02/01/2020 0421/2020 06/29/2020 07/24/2019 09/092019 05/10/2019 03/152019 06/212019 03/15/2018 06/292018 04/22/2019 01/252018 04/15/2019 120,000.00 80,000.00 0.01 162,007.24 200,000.00 200,000.00 200,000.00 200,000.00 24,000.00 100,000.00 250,000.00 100,000.00 250,000.00 119,994.61 --- 79,989.10 0.01 162,247.73 208,651.00 --- 207,806.00 213,237.00 --- 199,972.00 05/15/2020 23,897.52 --- 99,140.00 --- 249,475.00 01/01/2020 99,537.00 --- 249,642.50 05/29/2020 120,254.40 79,900.00 0.01 162,263.21 202,876.00 205,330.00 209,276.00 200,314.00 24,000.48 100,022.00 250,185.00 100,107.00 250,882.50 259.14 (89.26) 0.00 94.44 670.34 1,863.13 1,864.63 334.13 5.88 96.64 411.71 224.15 1,101.68 2.210 2.028 2.230 2.299 2.679 2.551 2.699 2.112 5.375 2.201 5.625 2.035 5.750 2.163 2.350 2.095 2.637 2.586 2.375 2.171 2.400 2.097 2.250 2.055 2.625 2.086 AAA AA AAA AAA A A A A BBB A A A A 161 Page 7 of 37 INFRIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio by Account for quarter ended September 30, 2019 25635002 MIM-RCTC 20 Residual Fund 94974BGM6 Corporate 256350021 MIM-RCTC 2013 Residual Fund 375558BB8 Corporate 256350021 MIM-RCTC 2013 Residual Fund 780082AC7 Corporate 256350021 MIM-RCTC 2013 Residual Fund 06416CAC2 Corporate 256350021 MIM-RCTC 2013 Residual Fund 06406FAB9 Corporate 256350021 MIM-RCTC 2013 Residual Fund 172967LC3 Corporate 256350021 MIM-RCTC 2013 Residual Fund Wells Fargo & Company Gilead Sciences, Inc. Royal Bank of Canada The Bank of Nova Sco The Bank of New York Mellon Corporation Cirigroup Inc. 06367TPX2 Corporate Bank of Montreal 256350021 MIM-RCTC 2013 Residual Fund 86787EAS6 Corporate SWTrnst B 07/22/2020 04/15/2019 200,000.00 199,590.00 --- 200,944.00 1,204.33 2.600 2.009 A 09/O1/2020 135,000.00 133439.10 --- 135,650.70 1,395.17 2.550 2.017 A 10/14/2020 --- 200,000.00 196,622.00 --- 200,130.00 1,747.96 2.100 2.036 AAA 04/26/2021 --- 200,000.00 194,126.00 --- 199,970.00 3,324.82 1.875 1.884 AAA 05/03/2021 10/11/2018 200,000.00 193,708.00 04/03/2021 200,150.00 4,132.28 2.050 1999 A 2/08/2021 450,000.00 449,617.50 11/08/2021 456,637.50 6,949.52 2.900 2.179 A 2/12/2019 --- 200,000.00 197,898.00 --- 200,016.00 336.66 2.100 2.047 AA 01/31/2020 0 /25/2018 100,000.00 ]00,644.00 12/31/2019 100,116.00 32.40 2.786 2.251 A 256350021 MIM-RCTC 2013 Residual Fund 69353RFC7 Corporate PNC Bank, National Association 05/19/2020 10/10/2018 250,000.00 245,222.50 04/19/2020 249,910.00 1,823.01 2.000 2.056 A 256350021 MIM-RCTC 2013 Residual Fund 55279HAN0 Corporate 256350021 MIM-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund Manufacturers & Traders Trust Company 31677QBK4 Corporate Fifth Third Bank 7401QAN1 Corporate Citizens Bank, National Association 256350021 MIM-RCTC 2013 Residual Fund 69353RFH6 Corporate 256350021 MIM-RCTC 2013 Residual Fund 90331HNP4 Corporate 256350021 MIM-RCTC 2013 Residual Fund 69371RP34 Corporate 256350021 MIM-RCTC 2013 Residual Fund 14913Q2X6 Corporate PNC Bank, National Association U.S. Bank National Assoc PACCAR Financial Corp. Caterpillar Financial Services Corporation 08/17/2020 ]0/11/2018 250,000.00 244,707.50 07/17/2020 250,152.50 2,713.41 2.050 1.972 A 0/30/2020 06/21/2019 200,000.00 199,810.00 09/30/2020 200.374.00 525.12 2.200 2.010 A 0/30/2020 04/15/2019 250,000.00 247,950.00 --- 250,535.00 1,982.86 2.250 2.033 A O1/22/2021 04/22/2019 250,000.00 249,005.00 12/22/2020 251,562.50 2,307.99 2.500 1.982 A 04/26/2021 ]0/11/2018 250,000.00 249,395.00 03/26/2021 254,082.50 4,461.98 3.150 2.031 AA 05/10/2021 04/30/2019 200,000.00 200,250.00 --- 200,116.00 (82.58) 2A41 2.337 A 05/17/2021 05/14/2019 120,000.00 120,000.00 --- 120,274.80 274.80 2.514 2.357 A 256350021 MIM-RCTC 2013 Residual Fund 86787EBD8 Corporate StmTrus[ Bank 05/17/2022 05/14/2019 50,000.00 50,000.00 04/17/2022 50,125.50 125.50 2.714 2.596 A 256350021 MINA-RCTC 2013 Residual Fund 025816CE7 Corporate 256350021 MIM-RCTC 2013 Residual Fund 05531FBI1 Corporate 256350021 MIM-RCTC 2013 Residual Fund 23337UX79 CP 256350021 MIM-RCTC 2013 Residual Fund 50000EX33 CP 256350021 MIM-RCTC 2013 Residual Fund 69372BXU9 CP 256350021 MIM-RCTC 2013 Residual Fund 21687BXM8 CP 256350021 MIM-RCTC 2013 Residual Fund 93884FX98 CP American Express Company BB&T Corporation DTE Gas Company Koch Industries, Inc PACCAR Financial Corp CoOperatieve Rabobank U.A., New York Branch Washington Gas Light Company 05/20/2022 05/15/2019 100,000.00 ]00,000.00 04/19/2022 100,320.00 320.00 2.756 2.599 A 03/16/2023 09/092019 165,000.00 164,877.90 02/13/2023 164,902.65 23.36 2.200 2.218 A 0/07/2019 09/06/2019 425,000.00 424,202.18 --- 424,859.75 14.17 0.000 1.697 AA 0/03/2019 09/09/2019 375,000.00 374,490.00 --- 374,958.75 1.25 0.000 I320 AAA 0/28/2019 09/25/2019 425,000.00 424,220.83 --- 424,371.00 8.50 0.000 1.903 AAA 0/21/2019 09/252019 425,000.00 424,389.18 --- 424,536.75 6.61 0.000 1.869 AAA 0/09/2019 09/25/2019 425,000.00 424,652.92 --- 424,813.00 11.33 0.000 1.760 AAA 256350021 MIM-RCTC 2013 Residual Fund 53154MXH2 CP Liberty Utilities Co. 0/17/2019 09/262019 475,000.00 474,368.25 --- 474,582.00 63.33 0.000 1.864 AA 256350021 MIM-RCTC 2013 Residual Fund 21201CX43 CP 256350021 MIM-RCTC 2013 Residual Fund 23336KXQ0 CP 256350021 MIM-RCTC 2013 Residual Fund Continental Rubber of America, Corp DTE Electric Company CCYUSD Currency UNITED STATES OF AMERICA 256350021 MIM-RCTC 2013 Residual Fund CCYUSD Currency 256350021 MIM-RCTC 2013 Residual Fund 31846V401 MIA Fund 256350021 MIM-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund UNITED STATES OF AMERICA 0/04/2019 09/27/2019 475,000.00 474,796.80 --- 474,924.00 11.09 0.000 1.440 AA 024/2019 09/272019 400.000.00 399,400.00 --- 399,496.00 Zll 0.000 1.890 AAA 09/30/2019 09/30/2019 First American Funds, Inc. - Government Obligations Fund 09/30/2019 072024WW8 Muni Bay Area Toll Authority 4581XOCZ9 Non -US Gov Inter -American Development 0.00 (0.00) 0.00 (651,917.62) 0.00 712,819.77 04/O1/2022 09/202019 95,000.00 95,000.00 09/14/2022 09/30/2019 650,000.00 652,067.00 (0.00) (651,917.62) 712,819.77 95,186.20 651,917.50 0.00 0.000 0.000 AAA 0.00 0.000 0.000 AAA 0.00 1.520 1.520 AAA 86.20 2.128 2.047 AA (149.50) 1.750 1.647 AAA 256350021 MIM-RCTC 2013 Residual Fund 459058GK3 Non US Gov International Bank for Reconstruction and Developmen 08212020 --- 315,000.00 315,116.40 315,163.80 03.72 2.040 2.013 AAA 256350021 MBA-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund 25635002 1 MIN-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund 912828SA9 TIPS United States Department of The Treasury 912828UH1 TrpS United States Department of The Treasury 9128286N5 TIPS 912828UF5 US Go 912828VA5 US Gov United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury 01/15/2022 06/29/2018 204,035.40 200,689.42 01/152023 --- 100,034.10 98,163.78 04/15/2024 417,068.40 424,444.1 2/31/2019 --- 970,000.00 955,677.54 04/30/2020 --- 925,000.00 901,532.23 201,999.13 99,161.80 31.81 O.125 0.563 AAA 461.30 0.125 0.391 AAA 422,060.71 (2,194.78) 0.500 0.235 AAA 968,030.90 1,374.73 L125 1935 AAA 921,059.50 4,523.43 1.125 1.86 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828V V9 US Gov United States Department of The Treasury O8/31/2020 --- 1,060,000.00 1,047,463.28 1,062,607.60 8,481.78 2.125 1.853 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828B58 US Gov 256350021 MIM-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund United States Department of The Treasury 912828L57 US Gov United States Department of The Treasury 912828Y53 US Gov 9128285H9 US Go United States Department of The Treasury United States Department of The Treasury 658886DZ6 VRDN North Dakota Housing Finance Agency 56052FHZ1 VRDN Maine State Housing Authority O]/31/2021 550,000.00 541,754.30 09/30/2022 --- 1,320,000.00 1,326,527.35 07/31/2020 1,400,000.00 1,399,880.28 0/31/2020 --- 800,000.00 799,675.60 552,513.50 7,135R8 2.125 1376 AAA 1,326,547.20 (829.83)___.750 1.580 AAA 398,586.00 (1,310.76) 1.957 2.110 AAA 798,736.00 (1,058.85L__ 959 2.140 AAA 07/O1/2038 06/29/2018 100,000.00 ]00,000.00 100,000.00 0.00 2.050 2.050 AA 1/152052 06/29/2018 100,000.00 100,000.00 10/30/2019 100,000.00 0.00 2.100 2.100 23,595,673.23 23,6 5,689. 9 23,745,846.47 88,121.03 256350023 MIM-Sr Lien Reserve Fund- 256350023 MIM-Sr Lien Reserve Fund- 256350023 MIM-Sr Lien Reserve Fund-1 256350023 MINI -Sr Lien Reserve Fund- 256350023 MINA -Sr Lien Reserve Fund-1 256350023 MIM-SrLien Reserve Fund- 256350023 MBA -Sr Lien Reserve Fund-1 3137EADB2 Agency Freddie Mac 3137EADR7 Agency Freddie Mac 313500D75 Agency Federal National Mortgage Association 3130AFFX0 Agency Federal Home Loan Banks 38377REV3 Agency CMO Government National Mort gage Associatio 38377RVK8 Agency CMO Government National Mortgage Association 3137ABFH9 Agency CMO Freddie Mac 0l/13/2022 --- 950,000.00 942,921.50 --- 964,630.00 14,887.84 2.375 1.685 AAA 05/O1/2020 05/15/2015 150,000.00 148,903.50 --- 149,559.00 (307A1) 1.375 1.881 AAA 06/22/2020 05/06/2015 600,000.00 593,490.00 --- 598,326.00 (719.47) 1.500 1.887 AAA 1/16/2028 09/112019 185,000.00 205,766.25 --- 206,164.00 504.61 3250 1.880 AAA 0/20/2039 07/01/2019 80,246.45 81,838.84 --- 81,905.94 112.26 3.500 2.351 AAA 04202039 --- 96,801.84 98,733.12 --- 98,052.52 21.63 3.000 2.461 AAA 06/25/2021 07/22/2019 100,000.00 ]02,574.22 --- 102,637.00 321.34 3.989 2.054 AAA 256350023 MIM-SLLien Reserve Fund- 3137AIMF8 Agency CMO Freddie Mac 0252021 --- 52,024.86 53,425.42 --- 52,768.81 68.72 2.968 2.084 AAA 256350023 MBA -Sr Lien Reserve Fund-1 256350023 MIM-Sr Lien Reserve Fund- 256350023 MIM-Sr Lien Reserve Fund-1 256350023 MIM-Sr Lien Reserve Fund- 256350023 MINA -Sr Lien Reserve Fund-1 256350023 MIM-Sr Lien Reserve Fund- 256350023 MIM-Sr Lien Reserve Fund-1 38375XCM4 Agency CMO Government National Mortgage Association 8376GB33 Agency CMO Government National Mortgage Association 3137ASNH3 Agency CMO Freddie 3137ATRW4 Agency CMO Freddie Mac 3137AUPE3 Agency CMO Freddie Mac 38377RSZ9 Agency CMO Government National Mortgage Association 3136A72D3 Agency CMO Federal National Mortgage Associatio 1/16/2037 05/14/2019 64,050.08 65,864.00 --- 66,114.42 377.59 5.000 2.767 AAA 0/16/2044 0 /23/2015 18,597.48 19,089.67 --- 18,585.02 (21.21) 3A74 2.476 AAA 09/25/2021 07/032013 17,060.27 16,671.75 --- 17,023.93 (0.36) 1.459 2.223 AAA 05/25/2022 --- 282,110.00 278,085.13 --- 284,567 8 5,282.71 2.373 1961 AAA 06/25/2022 150,000.00 151,611.80 --- 151,440.00 709.88 2.396 1.963 AAA 06/16/2039 --- 32,788.02 33,817.20 --- 33,148.36 (30.03) 4.500 2.173 AAA 04/25/2022 07/03/2013 259,368.58 246,400.15 --- 262,237.19 6,202.80 2.482 1.824 AAA 256350023 MBA -Sr Lien Reserve Fund- 3136A5KR6 Agency CMO Federal National Mortgage Association 10/25/2022 01/25/2019 64,508.37 63,621.38 --- 64,210.99 439.10 1.750 2.115 AAA 256350023 MINA -Sr Lien Reserve Fund-1 256350023 MIM-Sr Lien Reserve Fund- 256350023 MIM-Sr Lien Reserve Fund-1 256350023 MIM-Sr Lien Reserve Fund- 256350023 MIM-Sr Lien Reserve Fund-1 256350023 MIM-Sr Lien Reserve Fund- 256350023 MIM-Sr In Reserve Fund-1 3137AXHP1 Agency CMO Freddie Mac 38378B7F0 Agency CMO Government National Mortgage Association 38378CRT6 Agency CMO Government National Mortgage Associatio 38378HXH4 Agency CMO Government National Mortgage Association 383771Z89 Agency CMO 8378TAF7 Agency CMO Government National Mortgage Associatio Government National Mortgage Association 3137B4HD1 Agency CMO Freddie Mac 09/25/2022 09/29/2017 140,000.00 142,089.06 --- 142,273.60 1,105.63 2.573 1.941 AAA 2/16/2042 --- 450,000.00 427,324.22 --- 447,277.50 10,026.56 2.273 2.399 AAA 0/20/2040 05/22/2014 44,082.12 42,566.80 --- 44,069.34 1,237.27 2.000 1.984 AAA 09/16/2027 03/08/2019 15,734.42 15,259.75 --- 15,445.22 157.73 1.250 2.067 AAA 0/20/2039 07/05/2013 42,075.87 43,362.80 --- 43,452.59 452.91 3.500 1.984 AAA 0720/2041 07/052013 110,626.18 110,642.85 --- 111,682.66 1,108.05 2.500 2.128 AAA 2/15/2042 03/20/2019 40,195.99 41,514.93 --- 42,109.32 588.18 4.500 2.202 AAA 256350023 MIM-SLLien Reserve Fund- 38376GY53 Agency CMO Government National Mortgage Association 01/162040 08/062019 63,186.07 63,385.99 --- 63,514.00 163.26 3.526 2.465 AAA 256350023 MIM-Sr Lien Reserve Fund-1 256350023 MIM-SLLien Reserve Fund- 256350023 MIM-SrLien Reserve Fund- 256350023 MIM-Sr Lien Reserve Fund- 38377LQT8 Agency CMO Government National Mortgage Associatio 31398OTP2 Agency CMO Freddie Mac 3I37A5FP4 Agency CMO Freddie M 38376T5Z1 Agency CMO Government National Mortgage Association 2/20/2037 1,127.66 1,128.06 --- 1,126.55 (1.11) 3.000 1.919 AAA 05/152038 06262018 45,832.37 46,729.33 --- 46,238.91 194.93 4.500 2.577 AAA 01/15/2021 78,280.96 78289.81 --- 78,529.89 281.27 2.500 2.070 AAA O1/16/2039 0 /26/2015 66,309.90 69,27727 --- 67,778.00 (465.091 3.000 2.041 AAA 162 Page 8 of 37 OFRIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio by Account for quarter ended September 30, 2019 Source Account Account 256350023 MINI -Sr Lien Reserve Fund-1 256350023 MIM-Sr Lim Reserve Fund-1 7561500/1 MIM-Sr i.ien9 Security Type Identifier Category 38376WA62 Agency CMO 38375CBH2 Agency CMO H9 Aeencv CAM1 Issuer Government National Mortgage Association Government National Mortgage Association (;nvemment National IV rfvaveA en pace Nat Call Final Maturity Trade Date Value Original Cost Date 10/20/2039 --- 183,972.19 188,600.19 --- 051/70/7041 0R/7N7019 14 449.57 14 361.51 51 ALA 76 51 940 RR Base Net Total Base Market Value Unrealized Gain/Loss Coupon Yield 190.195.97 14,426.16 57 ORS 55 16.88 115.11 000 2.922 1.250 2.364 1 AM 7.75R Summarized Credit Rating AAA AAA AAA 256350023 256350023 256350023 256350023 256350023 MIM-Sr lien Reserve Fund-1 MINI -Sr Lien Reserve Fund-1 MIM-Sr Lim Reserve Fund-1 MINI -Sr Lien Reserve Fund-1 MIM-Sr Lim Reserve Fund-1 38380AZ34 38378CDK0 38378AWX5 38378DDC6 38379HLE3 Agency CMO Agency CMO Agency CMO Agency CMO Agency CMO Government National Mortgage Association Government National Mortgage Association Government National Mortgage Association Government National Mortgage Association Government National Mortgage Association 04/20/2046 03/20/2035 0120/2036 04/20/2038 05/20/2043 11/28/2016 03/16/2018 03/28/2018 06/20/2018 10/18/2018 129,838.26 12,469.96 60,440.82 71,461.31 98,296.94 133,474.75 12,528.41 60,766.63 71,944.23 98,158.71 133,994.39 12,504.25 60,805.28 71,692.85 101,040.40 991.54 16.68 202.02 33.80 2,884.73 3.000 2.388 3.000 2.171 3.000 2.140 3.500 2.540 3.500 2.167 AAA AAA AAA AAA AAA 256350023 MIM-Sr Lien Reserve Fund-1 256350023 MIM-Sr Lim Reserve Fund-1 956150091 MIM-Sr Lien Reserve Fund-1 38378VC45 38377JM59 3137R5A60 Agency CMO Agency CMO Aeencv CMO Government National Mortgage Association Government National Mortgage Association Freddie Mac 12/16/2041 10/20/2039 1 nil 5/707R 11/23/2018 11/212018 01/70/9019 139,338.98 74,681.96 91 515.R4 134,309.72 72,814.90 91 751.99 139,136.93 74,563.21 91 659 70 4,607.26 1,603.82 189.OR 2.250 2.275 2.500 2.525 2.500 2.177 AAA AAA AAA 256350023 256350023 256350023 256350023 256350023 MIM-Sr Lien Reserve Fund-1 Mkt -Sr Lien Reserve Fund-1 MIM-Sr Lim Reserve Fund-1 Mkt -Sr Lien Reserve Fund-1 MIM-Sr Lim Reserve Fund-1 3136ADFF1 Agency CMO Federal National Mortgage Association 383791M99 Agency CMO Government National Mortgage Association 31381PEB0 Agency MBS Federal National Mortgage Association 3138NJAE8 Agency MBS Federal National Mortgage Association 3I381N7G2 Agency MBS Federal National Mortgage Association 04/25/2023 02/16/2041 11/01/2020 12/01/2020 10/01/2020 06/10/2019 08/28/2019 09/26/2014 09/13/2018 09/25/2018 128,213.03 54,183.13 247,264.94 17,773.76 17.910.95 126,369.97 54,532.36 260,362.26 17,979.27 17.976.72 126,946.28 54,907.01 249,168.88 17,757.23 18,013.04 500.41 379.64 76.43 (163.20) 33.42 1.500 2.500 3.370 3.630 3270 2.194 1.812 2.310 3.779 2.369 AAA AAA AAA AAA AAA 256350023 256350023 256350023 256350023 956150091 MINI -Sr Lien Reserve Fund-1 MIM-Sr Lim Reserve Fund-1 MINI -Sr Lien Reserve Fund-1 MIM-Sr Lim Reserve Fund-1 MIM-Sr Lien Reserve Fund-1 31381SVJ8 Agency MBS Federal National Mortgage Association 31417YKF3 Agency MBS Federal National Mortgage Association 36202F2H8 Agency MBS Government National Mortgage Association 31381R5T7 Agency MBS Federal National Mortgage Association 3136AC714 Aeencv MBS Federal Natinnal Mmrtvave Assnciation 11 /01 /2021 02/22/2019 01/01/2030 01/20/2027 --- 09/01/2021 08/29/2018 01/95/7071 07/71 /901 R 106,270.34 126,087.58 143,521.14 130,000.00 4R.79R.70 106,801.70 132,133.91 147,929.02 132,747.27 47.995.70 108,661.42 135,184.80 147,370.38 133,868.80 49.779 70 2,039.20 3,742.55 354.94 2,220.75 1.521.64 3.330 2.128 4.500 2.165 3.000 1.884 3.770 2.119 7 605 1.RR0 AAA AAA AAA AAA AAA 256350023 MIM-Sr Lim Reserve Fund-1 256350023 MIM-Sr Lien Reserve Fund-1 256350023 MIM-Sr Lim Reserve Fund-1 3I38L33G8 3137B1U75 38378KWU9 Agency MBS Agency MBS Agency MBS Federal National Mortgage Association Freddie Mac Government National Mortgage Association 06/01/2020 01/25/2023 11/16/2041 11/12/2015 08/29/2016 100,000.00 380,000.00 158,063.15 99,875.00 394,917.97 150,196.20 99,707.00 384,643.60 154,805.47 (141.93) (2,142.18) 2,305.22 2.010 2.238 2.522 1.997 1.400 2.388 AAA AAA AAA 256350023 256350023 256350023 256350023 756150091 Mkt -Sr Lien Reserve Fund-1 MIM-Sr Lim Reserve Fund-1 MINI -Sr Gen Reserve Fund-1 MIM-Sr Lim Reserve Fund-1 MIM-Sr Lien Reserve Fund-1 38378KXW4 3137BIBS0 3138L1 W62 3138EKXIA 3136AHAE0 Agency MBS Agency MBS Agency MBS Agency MBS Aeencv MBS Government National Mortgage Association Freddie Mac Federal National Mortgage Association Federal National Mortgage Association Federal Natinnal MmO- Assmciati 02/16/2037 12/11/2014 11/252022 07/31/2019 12/01/2022 02/21/2019 03/012023 --- 04/25/2023 10/7R/9016 100,381.64 360,000.00 164,661.70 255,888.06 111 999.99 99,895.42 363,360.94 163,684.02 252,250.74 111 699.R2 99,430.02 365,432.40 164,171.01 258,853.80 111 799.71 (764.57) 1.705 2,257.96 2.510 409.86 2.500 5,030.06 2.353 951.26 2.707 2.464 1.950 2.567 1.915 1.10 AAA AAA AAA AAA AAA 256350023 MIM-Sr Lien Reserve Fund-1 256350023 MIM-Sr Lien Reserve Fund-1 256350023 MIM-Sr Lien Reserve Fund-1 38378B6A2 3136A7MN9 38378KSIA Agency MBS Agency MBS Agency MBS Government National Mortgage Association Federal National Mortgage Association Government National Mortgage Association 11/16/2052 05/25/2022 12/16/2046 01/222015 08/29/2016 112,395.85 287,465.86 425,000.00 108,852.74 295,685.59 415,829.11 110,645.85 289,935.19 430,979.75 113.09 (738.12) 12,167.44 1.826 2.335 2.349 1.876 2.814 2.606 AAA AAA AAA 256350023 256350023 256350023 256350023 256350023 256350023 256350023 256350023 1,41.1/111 MINI -Sr Lien Reserve Fund-1 MIM-Sr Lim Reserve Fund-1 Mkt -Sr Lien Reserve Fund-1 Mart -Sr Lim Reserve Fund-1 MINI -Sr Gen Reserve Fund-1 MIM-Sr Lim Reserve Fund-1 MINI -Sr Lien Reserve Fund-1 MIM-Sr Lim Reserve Fund-1 31381Q6B7 38378KRS0 38378XP62 38379KDN5 31381T4E7 3138EJPZ5 3620ARB67 3137FBAJ5 Agency MBS Agency MBS Agency MBS Agency MBS Agency MBS Agency MBS Agency MBS Agency MBS Federal National Mortgage Association Government National Mortgage Association Government National Mortgage Association Government National Mortgage Association Federal National Mortgage Association Federal National Mortgage Association Government National Mortgage Association Freddie Mac 06/01/2021 07/16/2043 05/16/2055 09/162055 03/01/2022 07/01/2022 05/15/2025 0825/2027 07/15/2016 05/082015 05/14/2015 08/052015 10/25/2016 08/292016 06/10/2019 06/262019 181,129.26 450,000.00 256,145.07 138,439.67 256,449.34 198,405.16 109,858.38 200,000.00 200,883.67 434,460.94 259,306.86 134,902.96 267,939.49 210,735.73 113,857.91 211,593.75 187,477.84 450,373.50 257,218.31 138,313.69 261,126.98 203,045.86 114,273.59 216,298.00 1411104 (519.76) 8,138.92 (1,498.64) 1,241.91 (210. 5 (2,16926) 564.86 5,039.19 4.295 2.032 2.389 2.345 2.500 2.391 2.138 2.468 2.670 1.717 3.022 1.910 4.000 1.944 3281 2.137 CGA IA, AAA AAA AAA AAA AAA AAA AAA AAA eee 256350023 256350023 256350023 256350023 256350023 MIM-Sr Lim Reserve Fund-1 MINI -Sr Lien Reserve Fund-1 MIM-Sr Lim Reserve Fund-1 Mkt -Sr Lien Reserve Fund-1 MIM-Sr Lim Reserve Fund-1 3I37F4D41 31381QB54 3I37FNAD2 62888VAA6 CCYUSD Agency MBS Agency MBS Agency MBS CMO Currency Freddie Mac Federal National Mortgage Association Freddie Mac NCUA Guaranteed Notes Trust 2010-R1 UNITED STATES OF AMERICA 0125/2028 03/01/2021 1125/2028 10/07/2020 09/30/2019 04/012019 11/07/2018 08/012019 01/22/2019 35,000.00 129,481.44 134,874.69 88,599.16 0.00 36,714.84 132,162.12 137,566.52 88,630.32 (199,798.78) 38,665.55 132,510.02 140,137.50 88,637.26 (199,798.78) 2,039.79 1,485.28 2,624.41 19.52 0.00 3.600 4.410 2.631 2.679 0.000 2.194 2.251 1.970 2.551 0.000 AAA AAA AAA AAA AAA 256350023 MIM-Sr Lien Reserve Fund-1 256350023 MIM-Sr Lien Reserve Fund-1 31846V401 9I2828SA9 912828UH1 MM Fund TIPS Ti. First American Funds, Inc. - Government Obligations Fund United States Department of The Treasury 09/30/2019 01/15/2022 01/15/9099 07/05/701R 0.00 470,414.95 10451975 248,509.29 472,717.60 107 n17 67 248,509.29 465,720.21 107 R14 67 0.00 (5,879.32) !76 R51 1.520 1.370 0.125 0.563 0195 0301 AAA AAA AAA 256350023 256350023 256350023 256350023 256350023 MIM-Sr Lim Reserve Fund-1 Mkt -Sr Lien Reserve Fund-1 MIM-Sr Lim Reserve Fund-1 MIM-Sr Gen Reserve Fund-1 MIM-Sr Lim Reserve Fund-1 9I2828V49 9128285W6 9I28286N5 912828B58 912828G38 TIPS TIPS TIPS US Gov US Gov United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury 01/15/2027 01/15/2029 04/15/2024 01/31/2021 11/152024 04/182017 297,385.20 254,015.00 269,568.60 1,375,000.00 1,350,000.00 296,042.35 269,274.49 273,933.38 1,405,890.24 1,369,037.11 300,457.19 269,393.07 272,795.34 1,381,283.75 1,394,145.00 4,089.70 351.80 (1,016.49) (1,951.86) 30,942.76 0.375 0.875 0.500 2.125 2.250 0.232 0.216 0.235 1.776 1.583 AAA AAA AAA AAA AAA 256350023 256350023 256350023 256350023 MIM-Sr Gen Reserve Fund-1 MIM-Sr Lim Reserve Fund-1 Mkt -Sr Lien Reserve Fund-1 MIM-Sr Lim Reserve Fund-1 912828XB1 9I2828I57 912828L99 9I2828Y53 US Gov US Gov US Gov US Gov United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury 05/15/2025 09/30/2022 10/31/2020 07/31/2020 09/30/2019 1,125,000.00 1,400,000.00 210,000.00 200,000.00 18,133,943.46 1,143,342.78 1,386,564.45 208,983.98 199,805.08 18,329,03796 1,156,815.00 1,406,944.00 209,031.90 199,798.00 18,452,102.66 21,154.09 2.125 1.597 14,660.03 1.750 1.580 (631.86) 1.375 1.806 (7.08) 1.957 2.110 161,899.09 AAA AAA AAA AAA 61,494,742.63 62,263,223.77 62,328,846.39 297,195.03 163 Page 9 of 37 164 INRIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio Transaction Report by Account Quarter ended Se a tember 30, 2019 ATTACHMENT 4 Base Base Change In Source Beginning Base Base Maturities and Net Total Realized Amortization/A Net Unrealized Account Account Identifier Description Markel Value Base Purchases Base Sales Redemptions Base Pas dossns Gain/Loss ceretion Gain/Loss 256350018 MIM-RCTC 91 TIFIA Reserve 3137A6B27 FI MS K010 A2 254.432.65 Ending Base Ending Accrued Market Value Income Balance (1,159.11) (22.99) (1,090.55) 300.38 252,460.37 895.52 256350018 MN4-RCTC 91 TIFIA Reserve 912828E58 UNITED STATES TREASURY 1,506,855.00 (970.45) 970.45 1,506,855.00 5,370.24 256350018 MIM-RCTC 91 TIFIA Reserve 3138E7RP5 FN AL2293 156,612.74 - - - (728.09) (20.83) (757.14) 328.38 155,435.07 547.57 256350018 MN4-RCTC 91 TIFIA Reserve 31397UPF0 FNA 1 lM1 A3 321,934.67 - - - (15,940.16) (248.36) (748.43) 475.67 305,473.39 941.33 256350018 MIM-RCTC 91 TIFIA Reserve 3137AH6C7 RIMS K015 A2 356,979.00 - - - (12,320.41) (203.00) (742.47) (1,306.02) 342,407.10 908.92 256350018 MN4-RCTC 91 TIFIA Reserve 31381Q6B7 FN 468066 - 187,289.55 - - (560.55) (16.27) (741.84) 1,506.95 187,477.84 648.29 256350018 MIM-RCTC 91 TIFIA Reserve 3137A2B26 FI MS K009 A2 224,443.60 - - - (2,672.18) (27.68) (718.36) 552.09 221,577.48 695.99 256350018 MN4-RCTC 91 TIFIA Reserve 3137AJMF8 FHMS K016 A2 338,656.28 - - - (1,806.99) (26.67) (643.70) (377.40) 335,801.52 818.73 256350018 MIM-RCTC 91 TIFIA Reserve 3137EADB2 FREDDIE MAC 507,385.00 (544.53) 859.53 507,700.00 2,572.92 256350018 MN4-RCTC 91 TIFIA Reserve 3137BM6P6 FHMS K721 A2 205,234.00 (471.50) (220.50) 204,542.00 515.00 256350018 MIM-RCTC 91 TIFIA Reserve 38378CNY9 GNR 127E MD 202,582.00 (469.63) 17.63 202,130.00 583.33 256350018 MN4-RCTC 91 TIFIA Reserve 3137F4D41 FHMS K074 A2 162,687.00 (356.43) 3,378.93 165,709.50 450.00 256350018 MIM-RCTC 91 TIFIA Reserve 31419AM53 FN AE0379 133,932.53 - - - (9,925.90) (352.88) (354.27) 149.81 123,449.29 546.77 256350018 MN4-RCTC 91 TIFIA Reserve 31381R5T7 FN 468958 104,491.57 (350.71) (135.10) 104,005.76 317.31 256350018 MIM-RCTC 91 TIFIA Reserve 3137B1U75 FIMS KS01 A2 378,063.75 (349.27) 1,868.02 379,582.50 788.13 256350018 MN4-RCTC 91 TIFIA Reserve 3620ARB67 GN 737261 247,093.93 - - - (18,374.92) (663.24) (340.45) 831.87 228,547.18 732.39 256350018 MIM-RCTC 91 TIFIA Reserve 3137FBAJ5 FI MS KIR3 A2 210,864.00 (334.94) 5,768.94 216,298.00 546.83 256350018 MN4-RCTC 91 TIFIA Reserve 3137B1UG5 FHMS K027 A2 203,668.00 (315.34) 527.34 203,880.00 439.50 256350018 MIM-RCTC 91 TIFIA Reserve 36297GCD0 GN 711168 113,861.41 - - - (5,391.86) (226.17) (312.94) 421.38 108,351.82 394.24 256350018 MN4-RCTC 91 TIFIA Reserve 3137F4CY6 FHMS KBX1 Al 195,933.70 (284.29) 2,636.49 198,285.90 462.33 256350018 MIM-RCTC 91 TIFIA Reserve 3137E1E50 RIMS K026 A2 253,647.50 (278.30) 403.30 253,772.50 522.92 256350018 MN4-RCTC 91 TIFIA Reserve 3137ABFH9 FHMS Kelly A2 83,131.11 (265.22) 270.08 83,135.97 269.26 256350018 MIM-RCTC 91 TIFIA Reserve 3137ATRW4 RIMS K020 A2 302,151.00 (257.07) 719.07 302,613.00 593.25 256350018 MN4-RCTC 91 TIFIA Reserve 38374C4J7 GNR 0385G TW 256350018 MIM-RCTC 91 TIFIA Reserve 3137FGZN8 FHMS KIO2 A 99,323.32 - - - (26,538.36) (298.39) (251.55) (23.12) 72,211.90 327.20 334,226.86 (65,864.84) 23.88 (220.02) 819.50 268,985.38 108.70 256350018 MN4-RCTC 91 TIFIA Reserve 3137ABFH9 FHMS Kelly A2 69,789.08 - - - - - (218.60) 222.68 69,793.16 226.04 256350018 MIM-RCTC 91 TIFIA Reserve 3137E1E50 FHMS K026 A2 398,687.70 (204.63) 2,477.48 400,960.55 826.21 256350018 MN4-RCTC 91 TIFIA Reserve 3137AXHPI FHMS K024 A2 152,214.00 (188.86) 410.86 152,436.00 321.63 256350018 MIM-RCTC 91 TIFIA Reserve 3130AG5X9 FEDERAL HOME LOAN BANKS 500,365.00 - (500,045.00) - - (26.79) (184.62) (108.59) 256350018 MN4-RCTC 91 TIFIA Reserve 3136AHAE0 FNA 13M14 APT 138,449.50 - - - (2,978.32) (25.11) (178.33) 845.65 136,113.38 300.30 256350018 MIM-RCTC 91 TIFIA Reserve 3137AUPE3 RIMS K021 A2 201,652.00 (174.77) 442.77 201,920.00 399.33 256350018 MN4-RCTC 91 TIFIA Reserve 3137FL6P4 FHMS K089 A2 307,108.40 (167.01) (1,303.64) 305,637.75 816.52 256350018 MIM-RCTC 91 TIFIA Reserve 3138LFGP7 FN AN2905 310,207.03 (154.99) (1,220.04) 308,832.00 637.50 256350018 MN4-RCTC 91 TIFIA Reserve 38378BCG2 GNR 122 AB 151,295.57 (86,524.04) 546.92 (149.57) 433.97 65,602.84 115.56 256350018 MIM-RCTC 91 TIFIA Reserve 3136AGFQ0 FNR 1392B A 209,875.78 - - - (22,630.15) (284.04) (133.59) 212.71 187,040.71 538.30 256350018 MN4-RCTC 91 TIFIA Reserve 3620C4SU5 GN 748531 112,011.85 - - - (7,954.07) (295.38) (129.44) 363.10 103,996.06 333.26 256350018 MIM-RCTC 91 TIFIA Reserve 3138151(78 FN 469617 - 86,832.40 - - (362.03) (6.01) (128.55) 593.34 86,929.14 235.92 256350018 MN4-RCTC 91 TIFIA Reserve 3136G4TH6 FEDERAL NATIONAL MORTGAGE ASSOCIATION 300,276.00 - - - - - (115.75) (1.25) 300,159.00 1,224.33 256350018 MIM-RCTC 91 TIFIA Reserve 3130AFFX0 FEDERAL HOME LOAN BANKS 222,450.00 (115.53) 545.53 222,880.00 2,437.50 256350018 MN4-RCTC 91 TIFIA Reserve 3620AFYR2 GN 728920 119,731.77 - - - (10,887.82) (353.20) (101.65) 302.13 108,691.23 348.41 256350018 MIM-RCTC 91 TIFIA Reserve 912828L57 UNITED STATES TREASURY 1,006,210.94 - - - - (100.42) (1,150.52) 1,004,960.00 47.81 256350018 MN4-RCTC 91 TIFIA Reserve 912828XEI UNITED STATES TREASURY 462,076.17 (98.37) 748.20 462,726.00 3,611.92 256350018 MIM-RCTC 91 TIFIA Reserve 31397ALN1 FHR 3196C FA 224,725.74 (34,093.50) 19.85 (86.45) 38.07 190,603.70 201.34 256350018 MN4-RCTC 91 TIFIA Reserve 3137BP4K2 FHMS KIR1 A2 210,125.00 (79.20) (743.80) 209,302.00 474.83 256350018 MIM-RCTC 91 TIFIA Reserve 3137133FM FHR 4231C FB 120,684.25 (18,954.07) 58.02 (75.86) (115.76) 101,596.59 111.39 256350018 MN4-RCTC 91 TIFIA Reserve 3620A9T35 GN 723370 206,108.12 (22,477.18) (729.14) (71.58) 377.60 183,207.82 587.28 256350018 MIM-RCTC 91 TIFIA Reserve 3138L2QG5 FN AM2254 280,778.08 (68.00) (496.36) 280,213.72 663.71 256350018 MN4-RCTC 91 TIFIA Reserve 38376V2E6 GNR 1019B UA 132,881.64 - - (3,221.05) (130.72) (60.50) 1,196.18 130,665.56 41491 256350018 MIM-RCTC 91 TIFIA Reserve 3137FNAD2 FHMS K095 Al 152,993.70 - - (139.24) (2.75) (59.39) 2,916.01 155,708.33 328.57 256350018 MN4-RCTC 91 TIFIA Reserve 3136A7MN9 FNA 12M8 A2 159,703.96 - - (316.74) (2.58) (55.51) 135.23 159,464.35 309.54 256350018 MIM-RCTC 91 TIFIA Reserve 38377REV3 GNR 10158C HA 93,571.36 - - (5,772.35) (111.97) (50.95) 120.28 87,756.37 250.77 256350018 MN4-RCTC 91 TIFIA Reserve 3138LFP5l FN AN3143 207,601.56 (48.00) (1,715.56) 205,838.00 428.33 256350018 MIM-RCTC 91 TIFIA Reserve 38376PRM4 GNR 09118C YE 50,523.85 (13,587.40) (64.19) (46.60) (37.74) 36,787.93 121.83 256350018 MN4-RCTC 91 TIFIA Reserve 38376GY53 GNR 1195 C 70,929.52 - - (688.81) (2.10) (39.14) 180.90 70,380.38 205.73 256350018 MIM-RCTC 91 TIFIA Reserve 3137BDKF2 FHR 4384A LA 55,137.82 - - (1,330.15) (29.32) (26.85) 321.92 54,073.43 153.45 256350018 MN4-RCTC 91 TIFIA Reserve 313500022 FEDERAL NATIONAL MORTGAGE ASSOCIATION - 227,610.00 (227,245.50) - - (338.41) (26.09) 256350018 MIM-RCTC 91 TIFIA Reserve 3137BDKF2 FHR 4384A LA 26,035.38 (1,821.40) (33.33) (21.84) 37.50 24,196.31 68.66 256350018 MN4-RCTC 91 TIFIA Reserve 3138EKXL4 FN AL3382 52,557.75 - - (103.85) (1.17) (21.77) 39.40 52,470.37 101.71 256350018 MIM-RCTC 91 TIFIA Reserve 38378WUY7 GNR 13124F CP 203,637.52 (21,039.12) (32.11) (19.93) (246.90) 182,299.47 377.66 256350018 MN4-RCTC 91 TIFIA Reserve 3136AGZA3 FNR 13101E A 34,541.61 (2,593.41) (17.51) (17.07) (29.65) 31,883.97 78.84 256350018 MIM-RCTC 91 TIFIA Reserve 38378TAF7 GNR 1371A GA 123,557.15 - - (3,480.88) (6.41) (10.61) 930.29 120,989.54 249.68 256350018 MN4-RCTC 91 TIFIA Reserve 3137BSRZ8 FHMS KJ09 A2 207,494.15 (20,015.53) (382.35) (9.44) 743.14 187,829.97 435.09 256350018 MIM-RCTC 91 TIFIA Reserve 383797M99 GNR 1545E AG 58,727.15 (5.37) 408.85 59,130.63 121.56 256350018 MN4-RCTC 91 TIFIA Reserve 31846V401 FIRST AMER:GVT OBLG D 5,093,730.60 4,878,844.09 (9,691,526.44) - - - - - 281,048.25 256350018 MIM-RCTC 91 TIFIA Reserve CCYUSD Cash 489.16 256350018 MN4-RCTC 91 TIFIA Reserve CCYUSD Payable (5,029,416.31) - - - - - - - (224,772.81) 256350018 MIM-RCTC 91 TIFIA Reserve CCYUSD Receivable 14,925.35 256350018 MN4-RCTC 91 TIFIA Reserve 3134GTED FEDERAL HOME LOAN MORTGAGE CORP 600,000.00 - - (600,000.00) 256350018 MIM-RCTC 91 TIFIA Reserve 912828Y53 UNITED STATES TREASURY - 224,780.71 - - - - - (7.96) 224,772.75 776.10 256350018 MN4-RCTC 91 TIFIA Reserve 62888VAA6 NGN 10R1 IA 24,478.11 (2,594.34) 1.12 2.09 (31.21) 21,855.76 40.64 256350018 MIM-RCTC 91 TIFIA Reserve 38377QKH9 GNR 1118A PG 57,418.44 - - (1,352.40) (24.86) 10.40 145.98 56,197.56 137.60 256350018 MN4-RCTC 91 TIFIA Reserve 912828Y53 UNITED STATES TREASURY - 349,618.21 (349,617.84) - - (16.18) 15.81 256350018 MIM-RCTC 91 TIFIA Reserve 912828Y53 UNITED STATES TREASURY 799,152.00 - (799,175.58) - - (598.59) 23.32 598.85 256350018 MN4-RCTC 91 TIFIA Reserve 3130AFEN3 FEDERAL HOME LOAN BANKS 599,712.00 - (599,646.00) - - (133.44) 31.51 35.93 256350018 MIM-RCTC 91 TIFIA Reserve 38378KWU9 GNR 1396 A 35,430.09 - - (1,170.06) 52.91 37.17 832.96 35,183.06 41.91 256350018 MN4-RCTC 91 TIFIA Reserve 38377YTL4 GNR 11136D GA 233,591.33 (18,077.56) 220.37 39.97 626.54 216,400.65 364.93 256350018 MIM-RCTC 91 TIFIA Reserve 3137AS7D0 FHR 4084A TC 221,223.40 (22,755.37) 169.58 46.76 (1,235.09) 197,449.28 329.23 256350018 MN4-RCTC 91 TIFIA Reserve 3137B6DF5 FHA 4272E YG 201,218.78 (13,040.43) 135.69 79.99 334.50 188,728.54 313.69 256350018 MIM-RCTC 91 TIFIA Reserve 3136ADFF1 FNR 1336D KC 153,491.76 (19,637.25) 280.34 97.17 181.69 134,413.71 169.69 256350018 MIM-RCTC 91 TIFIA Reserve 9128285W6 UNITED STATES TREASURY 150,352.36 119.20 388.55 150,860.12 263.82 256350018 MIM-RCTC 91 TIFIA Reserve 3136A5KR6 FNR 1231G AD 221,478.92 (28,654.81) 207.13 130.59 244.77 193,406.59 283.36 256350018 MN4-RCTC 91 TIFIA Reserve 38378KWU9 GNR 1396 A 60,513.90 (1,989.10) 84.24 135.67 1,066.50 59,811.21 71.25 256350018 MIM-RCTC 91 TIFIA Reserve 38378NWU3 GNR 1417A AM 170,070.80 (1,112.90) (15.76) 144.01 899.76 169,985.91 350.56 256350018 MN4-RCTC 91 TIFIA Reserve 38378BSZ3 GNR l253AA 253,558.95 (3,392.77) 19.19 157.51 436.43 250,779.30 449.26 165 Page 10 of 37 INRIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio Transaction Report by Account Quarter ended Se a tember 30, 2019 Source Account Account Identifier Description Beginning Base Markel Value Base Purchases Base Sales Base Base Change In Base Maturities and Net Total Realized Amortization/A Net Unrealized Redemptions Base Pa ',downs Gain/Loss eeretion Gain/Loss Ending Base Ending Accrued Market Value Income Balance 256350018 MIM-RCTC 91 TIFIA Reserve 256350018 MN4-RCTC 91 TIFIA Reserve 3137AWQG3 RIMS K023 Al 38378KW47 GNR 13138 A 334,613.06 313,379.37 (27,947.34) 300.09 (7,455.28) 40.78 269.67 323.78 667.50 137.61 307,902.98 306,426/6 408.42 550.98 256350018 MIM-RCTC 91 TIFIA Reserve 9128285W6 UNITED STATES TREASURY 127,807.73 333.27 1,167.68 129,308.67 226.13 256350018 MN4-RCTC 91 TIFIA Reserve 256350018 MIM-RCTC 91 TIFIA Reserve 9128286N5 UNITED STATES TREASURY 38378BXQ7 GNR 1289 A 262,155.22 298,693.33 (21,238.52) 211.64 388.41 653.13 (550.99) (309.54) 298,530.75 241,471.92 681.08 311.76 256350018 MN4-RCTC 91 TIFIA Reserve 3137EADR7 FREDDIE MAC 497,145.00 (323,880.38) 326.85 753.85 I40.18 174,485.50 1,002.60 256350018 MIM-RCTC 91 TIFIA Reserve 3135GOD75 FEDERAL NATIONAL MORTGAGE ASSOCIATION 646,685.00 902.87 598.64 648,186.50 2,681.25 256350018 MN4-RCTC 91 TIFIA Reserve 3138EJPZ5 FN AL2239 308,302.03 (79,572.88) (1,453.06) 1,087.96 62.54 228,426.59 562.11 256350018 MIM-RCTC 91 TIFIA Reserve 912828V49 UNITED STATES TREASURY 308,833.83 1,188.57 1,165.41 311,187.80 244.81 256350018 MN4-RCTC 91 TIFIA Reserve 912828L99 UNITED STATES TREASURY 1,291,576.00 1,447.97 983.03 1,294,007.00 7,480.30 256350018 MIM-RCTC 91 TIFIA Reserve 3133841(N FEDERAL HOME LOAN BANKS 998,470.00 (1,000,000.00) 1,524.31 5.69 256350018 MN4-RCTC 91 TIFIA Reserve 912828276 UNITED STATES TREASURY 998,280.00 (1,000,000.00) 1,601.56 118.44 256350018 MIM-RCTC 91 TIFIA Reserve 912828UH1 UNITED STATES TREASURY 660,398.87 3,018.59 (2,338.77) 661,078.68 176.69 19,985,164.61 11,110,476.14 (12,491,136.74) (2,600,000.00) (692,245.49) (4,524.39) (1,049.10) 34,983.23 20,130,897.26 57,020.29 256350021 MN4-RCTC 2013 Residual Fund 61747WAF6 MORGAN STANLEY 105,033.00 (706.37) 311.37 104,638.00 1,054.17 256350021 MIM-RCTC 2013 Residual Fund 38141EA58 GOLDMAN SACHS GROUP INC 102,058.00 (680.43) 60.43 101,438.00 238.89 256350021 MN4-RCTC 2013 Residual Fund 61747WAF6 MORGAN STANLEY 105,033.00 (679.05) 284.05 104,638.00 1,054.17 256350021 MIM-RCTC 2013 Residual Fund 06051GEC9 BANK OF AMERICA CORP 103,238.00 (572.21) (0.79) 102,665.00 1,406.25 256350021 MN4-RCTC 2013 Residual Fund 06051GEC9 BANK OF AMERICA CORP 103,238.00 (570.98) (2.02) 102,665.00 1,406/5 256350021 MIM-RCTC 2013 Residual Fund 38141EA58 GOLDMAN SACHS GROUP INC 102,058.00 (516.84) (103.16) 101,438.00 238.89 256350021 MN4-RCTC 2013 Residual Fund 3137ABFH9 FHMS KAN A2 211,419.86 (440.14) 452.50 211,432.22 684.78 256350021 MIM-RCTC 2013 Residual Fund 3137AYCE9 FHMS K025 A2 367,790.63 (330.94) (263.29) 367,196.40 804.60 256350021 MN4-RCTC 2013 Residual Fund 31381QB54 FN 467260 102,627.69 (564.25) (7.72) (279.99) (184.71) 101,591.02 364.81 256350021 MIM-RCTC 2013 Residual Fund 31397UPF0 FNA 11M1 A3 160,967.34 (7,970.09) (96.36) (265.17) 100.98 152,736.70 470.66 256350021 MN4-RCTC 2013 Residual Fund 46625HHS2 1PMORGAN CHASE & CO 102,220.00 (102,220.00) 1,192.87 (174.80) (1,018.07) 256350021 MIM-RCTC 2013 Residual Fund 256350021 MN4-RCTC 2013 Residual Fund 31358TPC7 FNR G935 F 38013FAD3 GMCAR 184 A3 112,389.53 76,374.02 (13,525.82) (31.17) (155.73) (127.46) 136.68 80.94 98,813.49 76,327.50 47.10 100.31 256350021 MIM-RCTC 2013 Residual Fund 912828L57 UNITED STATES TREASURY 529,778.32 (114.36) (2,059.96) 527,604.00 25.10 256350021 MN4-RCTC 2013 Residual Fund 3620ARB67 GN 737261 80,923.26 (6,017.79) (217.21) (111.50) 272.44 74,849.20 239.86 256350021 MIM-RCTC 2013 Residual Fund 38377REV3 GNR 10158C HA 187,142.71 (11,544.69) (223.95) (10191) 240.57 175,512.73 501.54 256350021 MN4-RCTC 2013 Residual Fund 3134GTAE3 FEDERAL HOME LOAN MORTGAGE CORP 550,671.00 (550,000.00) (97.45) (573.55) 256350021 MIM-RCTC 2013 Residual Fund 256350021 MN4-RCTC 2013 Residual Fund 3137A1N90 FHMS K008 A2 86787EAS6 SUNTRUST BANK 65,514.15 100,179.00 (1,118.51) (2.21) (96.05) (84.52) (34.52) 21.52 64,262.86 100,116.00 187.97 479.73 256350021 MIM-RCTC 2013 Residual Fund 17305E.GK5 CCCIT 18A1 Al 100,625.00 (78.81) 189.81 100,736.00 491.08 256351)021 MIM-RCTC 2013 Residual Fund 31381RZ23 FN 468861 62.553.87 (335.851 (3.581 (78.381 (92.631 62.043.43 193.66 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 256350021 MIM-RCTC 2013 Residual Fund 46625HHS2 MN4-RCTC 2013 Residual Fund 3136AMM48 MIM-RCTC 2013 Residual Fund 31381RLL6 MN4-RCTC 2013 Residual Fund 912828L57 MIM-RCTC 2013 Residual Fund 31394GUX9 MN4-RCTC 2013 Residual Fund 31381SVJ8 MIM-RCTC 2013 Residual Fund 912828L57 MN4-RCTC 2013 Residual Fund 3137ATRW4 MIM-RCTC 2013 Residual Fund 31416BV11.6 MN4-RCTC 2013 Residual Fund 62888UAB6 MIM-RCTC 2013 Residual Fund 87165LBB6 MN4-RCTC 2013 Residual Fund 69371RP34 MIM-RCTC 2013 Residual Fund 86564FXA6 MN4-RCTC 2013 Residual Fund 3138EKXL4 MIM-RCTC 2013 Residual Fund 912828Y53 MN4-RCTC 2013 Residual Fund 51500VCC1 MIM-RCTC 2013 Residual Fund 459058GK3 MN4-RCTC 2013 Residual Fund 3137APP61 MIM-RCTC 2013 Residual Fund 912828Y53 MN4-RCTC 2013 Residual Fund 459058GK3 MIM-RCTC 2013 Residual Fund 3137A5FP4 MN4-RCTC 2013 Residual Fund 62888VAA6 MIM-RCTC 2013 Residual Fund 62888VAA6 MN4-RCTC 2013 Residual Fund 62888VAA6 MIM-RCTC 2013 Residual Fund 38378CDK0 MN4-RCTC 2013 Residual Fund 459058GK3 MIM-RCTC 2013 Residual Fund 3138L81123 MN4-RCTC 2013 Residual Fund 31846V401 MIM-RCTC 2013 Residual Fund CCYUSD MN4-RCTC 2013 Residual Fund CCYUSD MIM-RCTC 2013 Residual Fund CCYUSD MN4-RCTC 2013 Residual Fund 56052FHZ1 MIM-RCTC 2013 Residual Fund 658886DZ6 MN4-RCTC 2013 Residual Fund 459058GK3 MIM-RCTC 2013 Residual Fund 3134GTBJ1 MN4-RCTC 2013 Residual Fund 86787EBD8 MIM-RCTC 2013 Residual Fund 14913Q2X6 MN4-RCTC 2013 Residual Fund 025816CE7 MIM-RCTC 2013 Residual Fund 072024W W8 MN4-RCTC 2013 Residual Fund 4581XOCZ9 MIM-RCTC 2013 Residual Fund 26209AAE1 MN4-RCTC 2013 Residual Fund 477870AB5 MIM-RCTC 2013 Residual Fund 14315PAB1 MN4-RCTC 2013 Residual Fund 47789JAB2 MIM-RCTC 2013 Residual Fund 05531FBM MN4-RCTC 2013 Residual Fund 3136A72D3 MIM-RCTC 2013 Residual Fund 65478LAB5 JPMORGAN CHASE & CO FNA 15M4B AV2 FN 468431 UNITED STATES TREASURY FHR 2666B OD FN 469617 UNITED STATES TREASURY FHMS K020 A2 FN 995324 NGN 10R2 2A SYNCT 162 A PACCAR FINANCIAL CORP Sumitomo Mitsui Trust Bank LW. (New York Branch) FN AL3382 UNITED STATES TREASURY Landesbank Hessen -Thuringen Gimzentrale INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM FHMS K018 A2 UNITED STATES TREASURY INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM FHR 3791E DA NGN 10R1 IA _ NGN I0R1 IA NGN 10R1 IA GNR 111690 AK INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM FN AM7448 FIRST AMER:GVT OBLG D Cash Payable Receivable MAINE ST HSG AUTH MTG PUR NORTH DAKOTA ST HSG FIN AGY MTG REV INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM FEDERAL HOME LOAN MORTGAGE CORP SUNTRUST BANK CATERPILLAR FINANCIAL SERVICES CORP AMERICAN EXPRESS CO BAY AREA TOLL AUTH CALIF TOLL BRDG REV INTER-AMERICAN DEVELOPMENT BANK DRIVE 194 B 1DOT 19B A2 CARMX 193 A2A 1DOT 2019 A2 BB&T CORP FNA 12M9 A2 NALT 19B A2A 344,634.30 500,020.00 220,072.60 299,682.00 65,021.45 31,117.22 76,154.10 31,277.57 40,796.84 30,038.14 15,004.95 68,563.52 48,056.65 8,737.50 100,000.00 100,000.00 15,004.95 500,000.00 50,078.00 120,289.20 100,395.00 105,618.45 40,888.00 - (40,888.00) - - 452.32 (74.17) (378.14) 370,036.54 - - (14,720.03) (79.78) (73.82) 1,506.75 54,233.97 - - - (271.20) (2.84) (73.05) (91.29) 277,545.90 - - - - (69.44) (1,112.46) 35,450.43 - - (2,180.92) (91.49) (64.21) 298.83 87,595.32 - - - (551.95) (2.11) (57.52) (54.61) 423,035.16 - - - - (54.43) (897.53) 101,109.38 - - - - (51.05) (187.33) 20,953.19 - - - (6,955.27) (58.41) (39.02) 48.18 169,840.10 - - - (7,708.98) (8.74) (37.76) 178.59 160,387.50 - - - - (32.65) 176.35 200,264.00 - - - - (31.12) (116.88) 600,028.33 - (600,000.00) - - (28.33) 56,061.60 - - (110.77) (1.25) (23.22) - - - (18.53) (500,000.00) - - (11.87) (10.73) 15,244.92 - - - - (7.02) - - - - - (5.77) - - (5.52) - - - (3,063.45) (2.85) (3.34) (68,001.00) - (8,071.29) 17.54 (293) - (27,928.98) - (3,314.99) 3.02 (1.93) (_36429.10) - (432390) 8.66 (1.70) 12,312,905.75 (11,648,142.63) 95,000.00 652,067.00 79,989.10 89,999.66 119,994.61 164,877.90 7,354.83 79,993.00 (500,000.00) (7,517.32) (21.36) (1.26) (0.76) (379.40) 1.15 (0.70) (745.97) 43.88 (4.30) 0.16 0.22 0.65 0.98 1.39 1.41 1.46 42.03 35.78 (8.13) 52.53 (45.30) 20.77 17.87 25.32 (96.43) (34.69) (5099) 9.46 3.61 11.14 2.85 (43.88) 47.50 (14.40) (75.00) 186.20 (149.50) (89.26) 207.12 259.14 (135.38) 23.36 32.94 131.94 356,669.66 53,795.60 276,364.00 33,412.64 86,929.13 422,083.20 100,871.00 13,948.66 162,263.21 160,531.20 200,116.00 55,968.39 344,651.55 220,114.40 15,192.60 299,697.00 65,033.80 28,072.90 0.01 22,507.65 15,007.80 68,195.70 712,819.77 (0.00) (651,917.62) 100,000.00 100,000.00 15,007.80 50,125.50 120,274.80 100,320.00 95,186.20 651,917.50 79,900.00 90,207.00 120,254.40 105,484.05 164,902.65 6,638.91 80,126.40 738.58 167.92 13.15 145.86 235.92 20.08 197.75 56.35 303.59 157.16 678.06 108.49 1,190.02 598.34 34.86 1,034.80 176.78 58.30 56.11 40.80 155.39 869.04 558.70 40.80 162.07 360.30 321.53 28.08 568.75 64.42 91.20 117.87 133.00 151.25 13.58 80.71 256350021 MN4-RCTC 2013 Residual Fund 9128285H9 UNITED STATES TREASURY 499,265.00 (99,849.16) - - (148.99) 1.59 99.56 399,368.00 1,381.11 166 Page 11 of 37 INRIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio Transaction Report by Account Quarter ended Se a tember 30, 2019 Source Account Account Identifier ReSCHpllon Beginning Base Markel Value Base Purchases Base Sales Base Base Change In Base Maturities and Net Total Realized Amortization/A Net Unrealized Redemptions Base Pavdowns Gain/Loss ceretlon Gain/Loss Ending Base Ending Accrued Market Value Income Balance 256350021 MIM-RCTC 2013 Residual Fund 89114QAS7 TORONTO-DOMINION BANK 100,000.00 (100,000.00) 1.59 (1.59) 256350021 M1M-RCTC 2013 Residual Fund 89114QAS7 TORONTO-DOMINION BANK 100,000.00 (100,000.00) 1.63 (1.63) 256350021 MIM-RCTC 2013 Residual Fund 31680YAB3 FITAT 191 A2A 155,674.25 1.97 (74.82) 155,601.40 183.24 256350021 M1M-RCTC 2013 Residual Fund 3137A1LC5 FHB. 371OF AB 5,946.93 (2,587.53) 5.48 2.60 5.30 3,372.78 5.63 256350021 MIM-RCTC 2013 Residual Fund 65479AAD4 NALT 17A A3 17,994.27 (18 003.45) 4.85 2.65 1.68 256350021 M1M-RCTC 2013 Residual Fund 055657AC4 BMWLT 171 A3 24,510.99 (24,522.76) 2.45 3.88 5.44 256350021 MIM-RCTC 2013 Residual Fund 31418CQM9 FN MA3159 61,581.47 4.21 (101.42) 61,484.25 150.13 256350021 M1M-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund 256350021 M1M-RCTC 2013 Residual Fund 369550BA5 GENERAL DYNAMICS CORP 314016DU8 FN BM1914 3136A72D3 FNA 12M9 A2 25,124.00 218,109.17 33,098.00 (25,124.50) (4,528.09) (3,356.89) 158.88 (30.71) (19.47) 4.36 5.64 6.39 (162.74) 675.83 147.08 214,231.84 29,875.12 441.93 61.12 256350021 MIM-RCTC 2013 Residual Fund 637432MU6 NATIONAL RURAL UTRATIES COOP FINANCE CORP 200,118.00 7.39 188.61 200,314.00 1,383.89 256350021 M1M-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund 04056BVF4 Arizona Public Service Company 3137APP53 RIMS K018 Al 6,988.16 124,992.43 (125,000.00) (5,334.62) 39.45 7.57 7.60 (20.02) 1,680.57 2.50 256350021 M1M-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund 3130AGE68 FEDERAL HOME LOAN BANKS 31418AU48 FN MA1502 750,217.50 70,877.71 (63,483.94) (750,000.00) (7,292.07) 169.24 887.39 7.74 7.85 (394.48) (996.94) 256350021 M1M-RCTC 2013 Residual Fund 65479AAD4 NALT 17A A3 10,796.56 (10,802.07) 15.16 8.27 (17.92) 256350021 MIM-RCTC 2013 Residual Fund 256350021 M1M-RCTC 2013 Residual Fund 38378AWX5 GNR 11157E QA 3138L2GH4 FN AM1999 24,281.81 34,529.13 (4,005.18) (148.55) 0.79 8.47 10.16 0.44 149.92 20,268.43 34,541.45 50.37 53.87 256350021 MIM-RCTC 2013 Residual Fund 172967LC3 CITIGROUP INC 252,592.50 14.55 1,080.45 253,687.50 2,275.69 256350021 M1M-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund 3137B1UF7 FHMS K027 Al 254010AC5 DIGNIFY HEALTH 15,408.00 23,974.08 (1,196.95) 12.86 16.00 16.04 19.45 10.36 14,259.36 24,000.48 21.25 263.70 256350021 M1M-RCTC 2013 Residual Fund 0258MOEE5 AMERICAN EXPRESS CREDIT CORP 19,979.00 (19,980.40) 76.39 16.09 (91.07) 256350021 MIM-RCTC 2013 Residual Fund 0258MOEE5 AMERICAN EXPRESS CREDIT CORP 19,979.00 (19,980.40) 77.04 16.20 (91.83) 256350021 M1M-RCTC 2013 Residual Fund 0258MOEE5 AMERICAN EXPRESS CREDIT CORP 19,979.00 (19,980.40) 77.47 16.27 (92.34) 256350021 MIM-RCTC 2013 Residual Fund 256350021 M1M-RCTC 2013 Residual Fund 31282/IMPP2 FH G18429 172967LC3 CITIGROUP INC 249,547.47 202,074.00 (16,781.17) 73.70 18.37 20.15 (14.94) 855.85 232,843.44 202,950.00 480.08 1,820.56 256350021 MIM-RCTC 2013 Residual Fund 31282/IMPY3 FH G18438 226,032.75 (12392.78) 54.00 22.10 20.05 213,736.12 440.66 256350021 M1M-RCTC 2013 Residual Fund 3137AWQG3 FHMS K023 Al 20,913.32 (1,746.71) 24.75 22.77 29.81 19,243.94 25.53 256350021 MIM-RCTC 2013 Residual Fund 04056BVC1 Arizona Public Service Company 139,974.33 (140,000.00) 25.67 256350021 M1M-RCTC 2013 Residual Fund 3137AXHN6 FHMS K024 Al 26,639.32 (2,375.11) 23.12 27.40 30.50 24,345/4 35.58 256350021 MIM-RCTC 2013 Residual Fund 3138L1W62 FN AM1568 126,096.02 (590.66) 3.32 30.10 3.75 125,542.53 262.33 256350021 M1M-RCTC 2013 Residual Fund 3137GAUY1 FHA 3737J MA 164,307.59 (3,459.44) 36.13 31.O1 1,049.97 161,965.26 203.20 256350021 MIM-RCTC 2013 Residual Fund 369550BA5 GENERAL DYNAMICS CORP 200,992.00 (200,996.00) 1,241.16 31.10 (1,268.26) 256350021 M1M-RCTC 2013 Residual Fund 05916SVE7 Baltimore Gas and Electric Company 499,968.75 (500,000.00) 31.25 256350021 MIM-RCTC 2013 Residual Fund 46625HKA7 JPMORGAN CHASE & CO 99,969.00 (100,055.00) 142.89 33.68 (90.56) 256350021 M1M-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund 3136A5KR6 FNR 1231G AD 31677QBK4 FIFTH THIRD BANK (OHIO) 112,954.25 199,788.00 (14,613.94) 164.54 34.31 36.50 98.20 549.50 98,637.36 200,374.00 144.51 1,845.56 256350021 M1M-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund 3137A2PV7 FHB. 3760D BA 0258MOEE5 AMERICAN EXPRESS CREDIT CORP 32,676.99 99,895.00 (99,902.00) (2,265.26) 38.65 139.13 37.46 40.17 (29.37) (172.31) 30,458.46 37.95 256350021 M1M-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund 3137AWQG3 FHMS K023 Al 9128285H9 UNITED STATES TREASURY 31,369.97 399,412.00 (2,620.06) 38.45 45.01 46.18 32.53 (90.18) 28,865.90 399,368.00 38.29 1,381.11 256350021 M1M-RCTC 2013 Residual Fund 375558BB8 GILEAD SCIENCES INC 35,102.90 48.60 17.20 35,168.70 74.38 256350021 MIM-RCTC 2013 Residual Fund 65478DAD9 NAROT 18A A3 85,443.70 50.42 (92.07) 85,402.05 100.11 256350021 M1M-RCTC 2013 Residual Fund 06051GFN4 BANK OF AMERICA CORP 99,983.00 52.51 71.49 100,107.00 1,000.00 256350021 MIM-RCTC 2013 Residual Fund 912828Y53 UNITED STATES TREASURY 754,199.70 55.53 (17.78) 754,237.45 2,604.25 256350021 M1M-RCTC 2013 Residual Fund 90331HNP4 US BANK NA 254,535.00 58.97 (511.47) 254,082.50 3,390.63 256350021 MIM-RCTC 2013 Residual Fund 31397LIJK3 FNR 0845C DB 166,093.41 (24,302.54) (302.71) 66.65 (388.26) 141,166.55 517.70 256350021 M1M-RCTC 2013 Residual Fund 912828UF5 UNITED STATES TREASURY 29,854.80 67.82 16.48 29,939.10 85.29 256350021 MIM-RCTC 2013 Residual Fund 05531FAU7 BB&T CORP 250,515.00 73.46 294.04 250,882.50 1,677.08 256350021 M1M-RCTC 2013 Residual Fund 3137B2GW4 FHMS K713 A2 96,255.99 (4,508.86) 13.21 77.96 (16.27) 91,822.03 177.16 256350021 MIM-RCTC 2013 Residual Fund 94974BGM6 WELLS FARGO & CO 200,658.00 80.95 205.05 200,944.00 996.67 256350021 M1M-RCTC 2013 Residual Fund 912828V V9 UNITED STATES TREASURY 50,117.00 85.82 (79.82) 50,123.00 90.49 256350021 MIM-RCTC 2013 Residual Fund 0258MOEE5 AMERICAN EXPRESS CREDIT CORP 99,895.00 (99,902.00) 426.31 87.84 (507.15) 256350021 M1M-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund 2333610(Q° DTE Electric Company 38375CBH2 GNR 1257F LD 65,426.00 399,400.00 (40,324.14) 93.72 88.89 90.03 7.11 22.12 399,496.00 25,307.73 26.41 256350021 M1M-RCTC 2013 Residual Fund 161571FK5 CRAFT 124 A 114,881.55 (115,000.00) 94.26 24.19 256350021 MIM-RCTC 2013 Residual Fund 780082AC7 ROYAL BANK OF CANADA 100,048.00 105.73 (88.73) 100,065.00 974.17 256350021 M1M-RCTC 2013 Residual Fund 21201CX43 Continental Rubber of America, Corp. 474,796.80 116.11 11.09 474,924.00 256350021 MIM-RCTC 2013 Residual Fund 38378KW47 GNR 13138 A 121,112.80 (2,881.26) 15.75 125.13 53.18 118,425.61 212.94 256350021 M1M-RCTC 2013 Residual Fund 13607RAB6 CANADIAN IMPERIAL BANK OF COMMERCE 99,849.00 (100,000.00) 126.53 24.47 256350021 MIM-RCTC 2013 Residual Fund 05584PAD9 BMWLT 172 A3 144,071.39 (44,317.35) 98.87 136.76 (38.75) 99,950.92 63.22 256350021 M1M-RCTC 2013 Residual Fund 21687BXM8 Coaperatieve Rabobank U.A., New York Branch 424,389.18 140.96 6.61 424,536.75 256350021 MIM-RCTC 2013 Residual Fund 69353RFH6 PNC BANK NA 250,837.50 141.65 583.35 251,562.50 1,197.92 256350021 M1M-RCTC 2013 Residual Fund 69372BXU9 PACCAR Financial Corp. 424,220.83 141.67 8.50 424,371.00 256350021 MIM-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY 39,706.40 141.82 (18.62) 39,829.60 188.32 256350021 M1M-RCTC 2013 Residual Fund 93884FX98 Washington Gas Light Company 424,652.92 148.75 11.33 424,813.00 256350021 M1M-RCTC 2013 Residual Fund 53154MXH2 Liberty Utilities Co. 474,368.25 474,582.00 256350021 M1M-RCTC 2013 Residual Fund 375558BB8 GILEAD SCIENCES INC 100,294.00 100,482.00 256350021 M1M-RCTC 2013 Residual Fund 69,980.40 70,016.80 256350021 M1M-RCTC 2013 Residual Fund 912828UH1 UNITED STATES TREASURY 33,019.94 33,053.93 256350021 M1M-RCTC 2013 Residual Fund 40428HPN6 HSBC USA INC (NEW) 99,973.00 100,022.00 256350021 M1M-RCTC 2013 Residual Fund 249,897.50 250,185.00 1,000.00 256350021 M1M-RCTC 2013 Residual Fund 46640QU82 J.P. Morgan Securities LLC 374,827.50 (375,000.00) 256350021 M1M-RCTC 2013 Residual Fund 97684HU82 Wisconsin Public Service Corporation 374,827.50 (375,000.00) 256350021 M1M-RCTC 2013 Residual Fund 06416CAC2 BANK OF NOVA SCOTIA 99,655.00 99,985.00 256350021 M1M-RCTC 2013 Residual Fund 120,753.16 120,904.41 256350021 M1M-RCTC 2013 Residual Fund 06367TPX2 BANK OF MONTREAL 99,888.00 100,008.00 256350021 M1M-RCTC 2013 Residual Fund 06367TPX2 BANK OF MONTREAL 99,888.00 256350021 M1M-RCTC 2013 Residual Fund 04056BVK3 Arizona Public Service Company 499,786.11 (500,000.00) 256350021 MISI-RCTC 2013 Residual Fund 912828L57 UNITED STATES TREASURY 100,070.00 256350021 M1M-RCTC 2013 Residual Fund 13607RAB6 CANADIAN IMPERIAL BANK OF COMMERCE 99,849.00 (100,000.00) 256350021 MIM-RCTC 2013 Residual Fund 02587AA.13 99,796.00 256350021 M1M-RCTC 2013 Residual Fund 69350BUBO PPG Industries, Inc. 324,785.50 (325,000.00) 256350021 MIM-RCTC 2013 Residual Fund 3138L2GH4 FN AM1999 91,168.11 167 Page 12 of 37 INRIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio Transaction Report by Account Quarter ended Se a tember 30, 2019 Source Account Account Identifier DCBcrlption Beginning Base Markel Value Base Purchases Base Sales Base Base Change In Base Maturities and Net Total Realized Amortization/A Net Unrealized Redemptions Base Pavdowns Gain/Loss ceretlon Gain/Loss Ending Base Ending Accrued Market Value Income Balance 256350021 MIM-RCTC 2013 Residual Fund 256350021 M1M-RCTC 2013 Residual Fund 92780KVD7 Virginia Electric and Power Company 9128286N5 UNITED STATES TREASURY 499,746.67 212,282.49 (500,000.00) 256350021 MIM-RCTC 2013 Residual Fund 9128286N5 UNITED STATES TREASURY 211,448.22 253.33 260.45 (1,512.58) 211,030.35 481.45 264.34 (682.20) 211,030.35 481A5 256350021 M1M-RCTC 2013 Residual Fund 780082AC7 ROYAL BANK OF CANADA 100,048.00 278.46 (261.46) 100,065.00 974.17 256350021 MIM-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY 69,486.20 278.48 (62.88) 69,701.80 329.55 256350021 M1M-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund 256350021 M1M-RCTC 2013 Residual Fund 71112KUH2 The Peoples Gas Light and Coke Company 912828E58 UNITED STATES TREASURY 06416CAC2 BANK OF NOVA SCOTIA 266,211.05 99,655.00 474,709.06 (475,000.00) 290.94 304.33 329.80 (304.33) 0.20 266,211.05 99,985.00 948.74 807.29 256350021 MIM-RCTC 2013 Residual Fund 17401QAN1 Citizens Bk PA 249,512.50 330.76 691.74 250,535.00 2,359.38 256350021 M1M-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund 50000EV84 Koch Industries, Inc. 912828UH1 UNITED STATES TREASURY 66,039.89 299,668.50 (300,000.00) 331.50 352.62 (284.63) 66,107.87 17.67 256350021 M1M-RCTC 2013 Residual Fund 17275REG6 CISCO SYSTEMS INC 149,677.50 (150,000.00) 387.00 (64.50) 256350021 MIM-RCTC 2013 Residual Fund 04056BUH1 Arizona Public Service Company 399,612.67 (400,000.00) 387.33 256350021 M1M-RCTC 2013 Residual Fund 43814TAD4 HARDT 171 A4 199,756.00 418.95 (184.95) 199,990.00 113.89 256350021 MIM-RCTC 2013 Residual Fund 49327M2P8 KEYBANK NA 249,695.00 (250,000.00) 445.15 (140.15) 256350021 M1M-RCTC 2013 Residual Fund 256350021 MIM-RCTC 2013 Residual Fund 256350021 M1M-RCTC 2013 Residual Fund 50000EX33 Koch Industries, Inc. 38378BXQ7 GNR 1289 A 912828V V9 UNITED STATES TREASURY 194,189.05 461,076.40 374,490.00 (15,732.24) 156.77 467.50 483.80 485.14 1.25 (229.29) (429.94) 374,958.75 178,868.09 461,131.60 230.94 832.49 256350021 MIM-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY 134,009.10 496.33 (80.53) 134,424.90 635.56 256350021 M1M-RCTC 2013 Residual Fund 912828E58 UNITED STATES TREASURY 286,302A5 550.65 (550.65) 286,302.45 1,020.35 256350021 MIM-RCTC 2013 Residual Fund 06406FAB9 BANK OF NEW YORK MELLON CORP 199,596.00 606.89 (52.89) 200,150.00 1,685.56 256350021 M1M-RCTC 2013 Residual Fund 23337UX79 DTE Gas Company 424,202.18 643.40 14.17 424,859.75 256350021 MIM-RCTC 2013 Residual Fund 256350021 M1M-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY 55279HAN0 MANUFACTURERS AND TRADERS TRUST CO 198,532.00 249,537.50 676.67 722.87 (60.67) (107.87) 199,148.00 250,152.50 941.58 626.39 256350021 MIM-RCTC 2013 Residual Fund 69353RFC7 PNC BANK NA 249,335.00 745.83 (170.83) 249,910.00 1,833.33 256350021 M1M-RCTC 2013 Residual Fund 97684HV57 Wisconsin Public Service Corporation 399,244.00 (400,000.00) 756.00 256350021 MIM-RCTC 2013 Residual Fund 912828UF5 UNITED STATES TREASURY 233,862.60 790.59 (130.24) 234,522.95 668.12 256350021 M1M-RCTC 2013 Residual Fund 02360SW61 Ameren Corporation 499,050.00 (500,000.00) 950.00 256350021 MIM-RCTC 2013 Residual Fund 26055BW91 The Dow Chemical Company 499,009.72 (500,000.00) 990.28 256350021 M1M-RCTC 2013 Residual Fund 023605V70 Ameren Corporation 474,006.46 (475,000.00) 993.54 256350021 MIM-RCTC 2013 Residual Fund 256350021 M1M-RCTC 2013 Residual Fund 912828VV9 UNITED STATES TREASURY 912828SA9 UNITED STATES TREASURY 551,287.00 201,918.49 1,013.57 1,074.62 (947.57) (993.98) 551,353.00 201,999.13 995.36 54.06 256350021 MIM-RCTC 2013 Residual Fund 912828UF5 UNITED STATES TREASURY 278,644.80 1,130.86 (344.06) 279,431.60 796.06 256350021 M1M-RCTC 2013 Residual Fund 912828UF5 UNITED STATES TREASURY 422,943.00 1,391.30 (197.05) 424,137.25 1,208.31 256350021 MIM-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY 476,476.80 2,003.12 (524.72) 477,955.20 2,259.78 21,071,577.68 26,068,437.22 (12,672,863.51) (9,590,000.00) (487,275.29) 4,669.20 21,442.76 (9,486.46) 23,745,846.47 70,999.81 256350023 M1M-Sr Lien Reserve Fund-1 31381Q6B7 FN 468066 189,089.28 (865.85) (36.15) (1,021.01) 311.57 187,477.84 648.29 256350023 MIM-Sr Lien Reserve Fund-1 912828E58 UNTIED STATES TREASURY 733,336.10 (684.89) 684.89 733,336.10 2,613.52 256350023 M1M-Sr Lien Reserve Fund-1 3137B1U75 FHMS KS01 A2 383,104.60 (668.29) 2,207.29 384,643.60 798.63 256350023 MIM-Sr Lien Reserve Fund-1 912828XB1 UNITED STATES TREASURY 991,458.00 (630.85) 11,745.85 1,002,573.00 7,825.83 256350023 M1M-Sr Lien Reserve Fund-1 38377UN20 GNR 1162A PA 0.56 614.85 (615.41) 256350023 MIM-Sr Lien Reserve Fund-1 912828G38 UNITED STATES TREASURY 256350023 M1M-Sr Lien Reserve Fund-1 31381PEB0 FN 466430 1,381,428.00 251,033.79 (1,226.78) (10.50) (609.78) (468.13) 13,326.78 (159.49) 1,394,145.00 249,168.88 11,473.17 694.40 256350023 MIM-Sr Lien Reserve Fund-1 31381QB54 FN 467260 133,862.20 (735.97) (10.08) (365.20) (240.93) 132,510.02 475.84 256350023 M1M-Sr Lien Reserve Fund-1 3137EADB2 FREDDIE MAC 202,954.00 (352.92) 478.92 203,080.00 1,029.17 256350023 MIM-Sr Lien Reserve Fund-1 31381T4E7 FN 470721 262,314.94 (1,671.14) (32.96) (351.48) 867.63 261,126.98 570.60 256350023 M1M-Sr Lien Reserve Fund-1 3137FBA15 FHMS KIR3 A2 210,864.00 (334.94) 5,768.94 216,298.00 546.83 256350023 MIM-Sr Lien Reserve Fund-1 3136A7MN9 FNA 12M8 A2 290,548.39 (1,755.01) (20.85) (328.41) 1,491.07 289,935.19 562.81 256350023 M1M-Sr Lien Reserve Fund-1 3137EADB2 FREDDIE MAC 202,954.00 (270.18) 396.18 203,080.00 1,029.17 256350023 MIM-Sr Lien Reserve Fund-1 31398QTP2 FHR 3747C HW 63,405.87 (16,917.75) (165.68) (270.02) 186.49 46,238.91 171.87 256350023 M1M-Sr Lien Reserve Fund-1 912828E58 UNITED STATES TREASURY 236,073.95 (266.77) 266.77 236,073.95 841.34 256350023 MIM-Sr Lien Reserve Fund-1 3137ABFH9 FHMS KAIV A2 102,574.22 (258.56) 321.34 102,637.00 33142 256350023 M1M-Sr Lien Reserve Fund-1 912828E58 UNITED STATES TREASURY 100,457.00 (249.92) 249.92 100,457.00 358.02 256350023 MIM-Sr Lien Reserve Fund-1 31381R5T7 FN 468958 134,494.10 (248.30) (377.00) 133,868.80 408.42 256350023 M1M-Sr Lien Reserve Fund-1 38378VC45 GNR 13116D MA 144,824.60 (6,191.45) 201.62 (235.95) 538.11 139,136.93 261.26 256350023 MIM-Sr Lien Reserve Fund-1 3137E1E50 FHMS K026 A2 363,360.94 (186.50) 2,257.96 365,432.40 753.00 256350023 M1M-Sr Lien Reserve Fund-1 256350023 MIM-Sr Lien Reserve Fund-1 912828E58 UNITED STATES TREASURY 3620ARB67 GN 737261 145,662.65 123,546.96 (9,187.46) (331.62) (180.22) (170.23) 180.22 415.93 145,662.65 114,273.59 519.12 366.19 256350023 M1M-Sr Lien Reserve Fund-1 38378CRT6 GNR 1213E EG 47,258.97 (3,023.28) 74.70 (150.62) (90.43) 44,069.34 73.47 256350023 MIM-Sr Lien Reserve Fund-1 36202F2H8 G2005276 128,320.89 (9,625.29) (297.53) (143.13) 739.78 118,994.72 289.72 256350023 M1M-Sr Lien Reserve Fund-1 3138LFGP7 FN AN2905 284,356.45 (142.07) (1,118.38) 283,096.00 584.38 256350023 MIM-Sr Lien Reserve Fund-1 3137AXHP1 FHMS K024 A2 142,066.40 (112.09) 319.29 142,273.60 300.18 256350023 M1M-Sr Lien Reserve Fund-1 38375XCM4 GNR 0847B PC 72,474.28 (6,068.23) (166.73) (110.78) (14.13) 66,114.42 266.88 256350023 MIM-Sr Lien Reserve Fund-1 912828E58 UNITED STATES TREASURY 115,525.55 (110.32) 110.32 115,525.55 411.72 256350023 M1M-Sr Lien Reserve Fund-1 3130AFFX0 FEDERAL HOME LOAN BANKS 205,766.25 (106.86) 504.61 206,164.00 2,254.69 256350023 MIM-Sr Lien Reserve Fund-1 256350023 M1M-Sr Lien Reserve Fund-1 38376GB33 GNR 116 BA 3137AUPE3 FHMS K021 A2 116,494.03 145,189.44 (97,661.70) (332.85) (104.91) (94.87) 190.45 287.83 18,585.02 145,382.40 53.84 287.52 256350023 MIM-Sr Lien Reserve Fund-1 3136AHAE0 FNA 13M14 APT 115,896.44 (2,631.21) (36.19) (82.48) 653.14 113,799.71 251.07 256350023 M1M-Sr Lien Reserve Fund-1 31381SV.18 FN 469617 109,494.16 (68993) (2.64) (71.90) (68.27) 108,661.42 256350023 M1M-Sr Lien Reserve Fund-1 38377JM59 GNR 10111F PE 80,819.67 140.27 114.69 74,563.21 256350023 M1M-Sr Lien Reserve Fund-1 72,654.97 454.73 69,279.09 256350023 M1M-Sr Lien Re.rve Fund-1 3137FNAD2 RIMS K095 Al 137,694.33 2,624.41 140,137.50 256350023 M1M-Sr Lien Reserve Fund-1 34,975.78 26,441.30 256350023 M1M-Sr Lien Re.rve Fund-1 38377REV3 GNR 10158C HA 87,333.27 81,905.94 256350023 M1M-Sr Lien Reserve Fund-1 256350023 M1M-Sr Lien Reserve Fund-1 912828VV9 UNITED STATES TREASURY 912828E58 UNITED STATES TREASURY 100,234.00 50,228.50 (100,246.09) 50,228.50 256350023 M1M-Sr Lien Reserve Fund-1 3137AIMF8 FHMS K016 A2 29,027.68 28,782.99 256350023 M1M-Sr Lien Reserve Fund-1 3137F4D41 RIMS K074 A2 32,537.40 33,141.90 256350023 M1M-Sr Lien Reserve Fund-1 64,009.56 63,514.00 256350023 M1M-Sr Lien Re.rve Fund-1 3137AJMF8 RIMS K016 A2 24,109.00 23,985.82 256350023 M1M-Sr Lien Reserve Fund-1 17,868.29 256350023 M1M-Sr Lien Re.rve Fund-1 72,547.98 216.38 256350023 M1M-Sr Lien Reserve Fund-1 8,871.91 168 Page 13 of 37 INRIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio Transaction Report by Account Quarter ended Se a tember 30, 2019 Source Account Account Identifier Description Beginning Base Markel Value Base Purchases Base Sales Base Base Change In Base Maturities and Net Total Realized Amortization/A Net Unrealized Redemptions Base Pas downs Gain/Loss ceretlon Gain/Loss Ending Base Ending Accrued Market Value Income Balance 256350023 MIM-Sr Lien Reserve Fund-1 313500022 FEDERAL NATIONAL MORTGAGE ASSOCIATION 202,320.00 (201,996.00) (300.81) (23.19) 256350023 M1M-Sr Lien Reserve Fund-1 38377RVK8 GNR 10166F GP 19,665.62 (957.18) 12.31 (11.22) 19.60 18,729.13 46.23 256350023 MIM-Sr Lien Reserve Fund-1 31417YKF3 FN MA0293 69,117.21 (3,453.79) (158.27) (8.14) 408.69 65,905.71 230.51 256350023 M1M-Sr Lien Reserve Fund-1 3137F4D41 FHMS K074 A2 5,422.90 (5.60) 106.35 5,523.65 15.00 256350023 MIM-Sr Lien Reserve Fund-1 3137A5FP4 FHR 3791E DA 52,052.60 (5,124.52) (4.76) (5.58) 42.35 46,960.09 97.52 256350023 M1M-Sr Lien Reserve Fund-1 256350023 MIM-Sr Lien Reserve Fund-1 38379JM99 GNR 1545E AG 62888VAA6 NGN 10R11A 99,272.31 54,532.36 (10,521.49) (2.57) (4.99) (4.83) 379.64 (106.17) 54,907.01 88,637.26 112.88 164.80 256350023 M1M-Sr Lien Reserve Fund-1 31381N7G2 FN 466295 18,157.47 (101.88) (0.36) (2.84) (39.35) 18,013.04 48.81 256350023 MIM-Sr Lien Reserve Fund-1 3137AUPE3 FHMS K021 A2 236,941.10 (230,806.95) 7,135.07 (1.15) (7,210.47) 6,057.60 11.98 256350023 M1M-Sr Lien Reserve Fund-1 31846V401 FIRST AMER:GVT OBLGD 322,791.18 1,946,250.30 (2,020,532.19) 248,509.29 256350023 MIM-Sr Lien Reserve Fund-1 CCYUSD Cash (231,218.46) 256350023 M1M-Sr Lien Reserve Fund-1 CCYUSD Payable (199,798.78) (199,798.78) 256350023 MIM-Sr Lien Reserve Fund-1 38377UN20 GNR 1162A PA 256350023 M1M-Sr Lien Reserve Fund-1 38375KCX8 GNR 0726C MA 881.41 (882.42) 1.01 256350023 MIM-Sr Lien Reserve Fund-1 256350023 M1M-Sr Lien Reserve Fund-1 38377F2N0 GNR 1073E LN 912828Y53 UNITED STATES TREASURY 77.97 199,805.08 (78.05) (0.02) 0.09 (7.08) 199,798.00 689.87 256350023 MIM-Sr Lien Reserve Fund-1 38377LQT8 GNR 10128D KE 2,560.03 (2,293.17) 2.40 1.48 (3.42) 267.32 0.67 256350023 M1M-Sr Lien Reserve Fund-1 38378CDK0 GNR 11169G AK 16,687.86 (4,176.29) (4.24) 1.78 (4.85) 12,504.25 31.17 256350023 MIM-Sr Lien Reserve Fund-1 38377JZ89 GNR 10117A GK 46,892.51 (3,639.02) (78.56) 3.02 274.65 43,452.59 122.72 256350023 M1M-Sr Lien Reserve Fund-1 38377LQT8 GNR 10128D KE 8,228.67 (7,370.89) 7.05 4.20 (9.80) 859.23 2.15 256350023 MIM-Sr Lien Reserve Fund-1 256350023 M1M-Sr Lien Reserve Fund-1 3137ATRW4 FHMS K020 A2 36202F2H8 G2 005276 125,896.25 30,599.59 (2,295.26) (1.09) 6.02 6.04 186.48 66.38 126,088.75 28,375.66 247.19 69.09 256350023 MIM-Sr Lien Reserve Fund-1 38378KWU9 GNR 1396 A 14,280.87 (512.11) 4.61 6.43 293.42 14,073.23 16.76 256350023 M1M-Sr Lien Reserve Fund-1 256350023 MIM-Sr Lien Reserve Fund-1 31418AU48 FN MA1502 38378DDC6 GNR 1216E GB 63,209.66 98,435.05 (56,615.80) (6,503.16) (26,663.66) 791.38 (60.57) 7.00 7.37 (889.09) (25.35) 71,692.85 208.43 256350023 M1M-Sr Lien Reserve Fund-1 3137B5A60 FHR 4257G EK 25,185.78 (1,574.85) 17.33 8.80 15.65 23,652.70 48.99 256350023 MIM-Sr Lien Reserve Fund-1 3138L33G8 FN AM3498 99,656.00 9.15 41.85 99,707.00 167.50 256350023 M1M-Sr Lien Reserve Fund-1 38378HXH4 GNR 12119 KB 16,472.49 (1,100.35) 31.62 9.31 32.16 15,445.22 16.39 256350023 MIM-Sr Lien Reserve Fund-1 256350023 M1M-Sr Lien Reserve Fund-1 38377QKH9 GNR 1118A PG 38378KXW4 GNR 13105 A 101,024.94 53,217.09 (1,253.45) (1,660.66) (23.03) 3.29 9.64 15.50 135.31 46.96 52,085.55 99,430.02 127.54 142.63 256350023 MIM-Sr Lien Reserve Fund-1 3137A5FP4 FHR 3791E DA 34,993.34 (3,445.06) 9.69 16.81 (4.98) 31,569.81 65.56 256350023 M1M-Sr Lien Reserve Fund-1 3137ASNH3 FHMS K019 Al 33,371.51 (16 445.26) 44.33 18.70 34.65 17,023.93 20.74 256350023 MIM-Sr Lien Reserve Fund-1 3137B4HD1 FHR 4247A AK 47,347.26 (4,842.17) (156.09) 19.26 (258.94) 42,109.32 150.74 256350023 M1M-Sr Lien Reserve Fund-1 3136A5KR6 FNR 1231G AD 73,531.00 (9,513.39) 107.12 22.33 63.93 64,210.99 94.07 256350023 MIM-Sr Lien Reserve Fund-1 38378AWX5 GNR 11157E QA 72,845.44 (12,015.53) (25.13) 23.75 (23.25) 60,805.28 151.10 256350023 M1M-Sr Lien Reserve Fund-1 38378KWU9 GNR 1396 A 53,553.25 (1,920.40) 21.40 25.66 1,094.68 52,774.59 62.87 256350023 MIM-Sr Lien Reserve Fund-1 383791I.E3 GNR 14184H WK. 111,831.93 (10 857.45) 18.88 29.43 17.61 101,040.40 286.70 256350023 M1M-Sr Lien Reserve Fund-1 912828L99 UNITED STATES TREASURY 149,028.00 38.52 241.98 149,308.50 863.11 256350023 MIM-Sr Lien Reserve Fund-1 3138L1W62 FN AM1568 164,894.80 (772.41) 4.35 39.36 4.91 164,171.01 343.05 256350023 M1M-Sr Lien Reserve Fund-1 3136AC714 FNA 13M62A 50,982.66 (1 418 161 16.68 40.76 150.76 49,772.70 105.93 256350023 256350023 256350023 256350023 256350023 256350023 256350023 256350023 256350023 MIM-Sr Lien Reserve Fund-1 MIM-Sr Lien Reserve Fund-1 MIM-Sr Lien Reserve Fund-1 MIM-Sr Lien Reserve Fund-1 MIM-Sr Lien Reserve Fund-1 MIM-Sr Lien Reserve Fund-1 MIM-Sr Lien Reserve Fund-1 MIM-Sr Lien Reserve Fund-1 MIM-Sr Lien Reserve Fund-1 3138EKXL4 38378XP62 38378KSL4 38375CBH2 3138EKXL4 38378TAF7 38376WA62 38378B6A2 38376WA62 FN AL3382 GNR 14166 PL GNR 1374 AL GNR 1257F LD FN AL3382 GNR 1371A GA GNR 1015C PD GNR 1312A AB GNR 1015C PD 14,011.09 258,570.58 218,434.50 37,294.76 17,513.87 117,427.68 34,015.17 108,041.09 139,732.78 (84.26) (6,531.14) (22,985.96) (105.33) (5,875.32) (2,563.78) (679.34) (10,531.91) 2.59 (64.37) 53.43 2.66 5.82 (84.17) 11.56 (180.23) 45.34 46.15 47.61 51.32 52.40 57.60 67.39 69.18 83.82 17.34 5,197.09 9,683.64 12.61 26.52 66.87 (410.98) 3,203.36 (1,660.83) 13,992.10 257,218.31 228,165.75 14,426.16 17,490.12 111,682.66 31,023.62 110,645.85 127,443.64 27.12 533.64 527.70 15.05 33.90 230.47 100.03 171.03 410.91 256350023 M1M-Sr Lien Reserve Fund-1 3136ADFF1 FNR 1336D KC 144,964.44 (18,546.29) 264.76 91.77 171.60 126,946.28 160.27 256350023 MIM-Sr Lien Reserve Fund-1 3137EADR7 FREDDIE MAC 472,287.75 (323,258.00) (1,370.97) 98.25 1,801.97 149,559.00 859.38 256350023 M1M-Sr Lien Reserve Fund-1 256350023 MIM-Sr Lien Reserve Fund-1 38378KSL4 GNR 1374 AL 38378B7F0 GNR 1333 B 194,164.00 190,884.00 100.22 108.28 8,549.78 7,797.72 202,814.00 198,790.00 469.06 378.83 256350023 M1M-Sr Lien Reserve Fund-1 9128286N5 UNITED STATES TREASURY 93,218.61 112.86 (684.00) 92,647.47 211.37 256350023 MIM-Sr Lien Reserve Fund-1 9128285W6 UNITED STATES TREASURY 164,366.84 126.86 (2,857.86) 161,635.84 282.66 256350023 M1M-Sr Lien Reserve Fund-1 38379KDN5 GNR 1529 AD 145,921.74 (11,535.92) 122.93 154.61 3,650.32 138,313.69 246.65 256350023 MIM-Sr Lien Reserve Fund-1 38377RVK8 GNR 10166F GP 31,233.63 (1,520.23) (29.87) 174.71 (111.97) 29,746.27 73.42 256350023 M1M-Sr Lien Reserve Fund-1 3134G9V38 FEDERAL HOME LOAN MORTGAGE CORP 249,242.50 (249,865.00) 3,090.26 175.19 (2,642.95) 256350023 MIM-Sr Lien Reserve Fund-1 912828XB1 UNITED STATES TREASURY 152,532.00 177.27 1,532.73 154,242.00 1,203.97 256350023 M1M-Sr Lien Reserve Fund-1 38380AZ34 GNR 16147C DA 137,434.36 (5,063.99) (116.12) 178.32 1,561.82 133,994.39 324.60 256350023 MIM-Sr Lien Reserve Fund-1 256350023 M1M-Sr Lien Reserve Fund-1 256350023 MIM-Sr Lien Reserve Fund-1 912828L99 UNITED STATES TREASURY 3138EJPZ5 FN AL2239 38378KWU9 GNR 1396 A 645,788.00 274,41239 35,702.17 (587,121.10) (71,314.50) (1,280.27) (997.83) (2,278.15) 76.53 185.23 187.23 196.44 1,869.10 2,038.48 488.19 59,723.40 203,045.86 35,183.06 345.24 499.65 41.91 256350023 M1M-Sr Lien Reserve Fund-1 912828L57 UNITED STATES TREASURY 550,385.00 209.77 2,133.23 552,728.00 26.30 256350023 MIM-Sr Lien Reserve Fund-1 38378KWU9 GNR 1396 A 53,553.25 (1,920.40) 106.84 211.08 823.82 52,774.59 62.87 256350023 M1M-Sr Lien Reserve Fund-1 38377RVK8 GNR 10166F GP 52,056.05 (2,533.71) (26.23) 212.27 (131.27) 49,577.12 122.36 256350023 MIM-Sr Lien Reserve Fund-1 912828V49 UNITED STATES TREASURY 58,571.93 226.43 220.02 59,018.38 46.43 256350023 M1M-Sr Lien Reserve Fund-1 38376WA62 GNR 1015C PD 34,788.24 (2,622.05) (165.35) 230.31 (502.44) 31,728.71 102.30 256350023 MIM-Sr Lien Reserve Fund-1 158,236.48 8.37 158,478.43 256350023 M1M-Sr Lien Reserve Fund-1 9128286N5 UNITED STATES TREASURY 180,245.97 180,147.86 256350023 M1M-Sr Lien Reserve Fund-1 238,605.00 9,577.94 248,487.50 256350023 M1M-Sr Lien Reserve Fund-1 3135GOD75 FEDERAL NATIONAL MORTGAGE ASSOCIATION 596,940.00 1,056.57 598,326.00 2,475.00 256350023 M1M-Sr Lien Reserve Fimd-1 9128285W6 UNITED STATES TREASURY 106,506.44 910.11 107,757.23 188.44 256350023 M1M-Sr Lien Reserve Fund-1 291,769.93 262,237.19 256350023 M1M-Sr Lien Reserve Fimd-1 3138EKXL4 FN AL3382 227,680.27 227,371.58 256350023 M1M-Sr Lien Reserve Fund-1 912828L57 UNITED STATES TREASURY 850,595.00 3,205.22 854,216.00 256350023 M1M-Sr Lien Reserve Fund-1 38378KRSO GNR 1378 AG 437,323.50 12,595.01 450,373.50 256350023 M1M-Sr Lien Reserve Fund-1 558,123.50 558,470.00 2,830.21 256350023 M1M-Sr Lien Reserve Fund-1 912828SA9 UNITED STATES TREASURY 185,091.95 185,165.87 49.55 256350023 M1M-Sr Lien Reserve Fund-1 912828UH1 UNITED STATES TREASURY 192,616.34 256350023 M1M-Sr Lien Reserve Fimd-1 912828V49 UNITED STATES TREASURY 239,612.45 1,031.48 256350023 M1M-Sr Lien Reserve Fund-1 912828SA9 UNITED STATES TREASURY 280,442.35 1,095.92 18,241,276.78 169 Page 14 of 37 IVRIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio Transaction Report by Account Quarter ended September 30, 2019 Source Base Base Change In Beginning Base Base Maturities and Net Total Realized Amortization/A Net Unrealized Ending Base Ending Accrued 59,298,019.07 41,342,074.19 (28,934,441.381 (12,190,000.00) (1,708,117.4M 5,115.21 21,279.30 135,125.12 62,328,846.39 188,460.20 170 Page 15 of 37 FirRIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio Summary of Investments for quarter ended September 30, 2019 ATTACHMENT 5 C rcda Rating Base Market Value + Accrued 60, 0 00 , 000 50.000.000 40.000,000 30.000,000 20.000.000 10.000.000 0 , AAA AA + AA F Al Asset Clas Cash (-1.727%) -. Money Market � Funds (1.387%) Fixed Income (99.739%) Chart calculated by: Base Market Value • Accrued *Negative cash reflects securities in transit at month end Industry Group Other (13.240%) Malty -National (1.549%) Agency Collet PAC CMO (2.702%] Agency Collet CMO _ (6.003%) Banks (6.620%) FNMA Collateral (7.940%). Commercial MBS (22.101 %1 --Sovereign (39.63896) Chart calculated by: Bane Market Value • Accrued Security Type AGCY BOND (6.067..5) FFILMC 17.363%) CORP (8.261%) FHLMC CMO (7.903%) Chart calculated by: Base Market Value • Accrued Market Sector Other (0.735%) AS3el Backed — Utility (3.139%) / Agency (6.067%] Financial IS.Ogg%) Government (35.321%) Mortgage Backed (41.134%1 Chart calculated by: Baae Markel Value 1- Accrued 171 172 rijr RIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio Series A & Series B Reserve Fund Summary of Investments for quarter ended September 30, 2019 ATTACHMENT 6 ti r Credit Rating Base Market Value t Accrued 20,000,000 15,000,000 10,000,000 5,000,000 r AAA 1� Asset Class 'Fixed Income (99.740.41 Chart Calculated 6y: Base Market value + Accrued *Negative cash reflects securities in transit at month end Industry Group Other (0.260%), GNMA Collates[ (0.619%) GNMA2 couateral (0.79a%) Agency Collet PAC CMO (3.415%) Agency Collet CMO (6.662%) FNMA Collateral'. (12.200%) 1 Commercial MBS' (25.009%) Sovereign (49.737%) Chart calculated 6y: Base Market Value + Accrued. Security Type AGCY BOND (70.421 %1 ONMA crop' t10.417%) Chart Calculated 6y: Base Market value + Accrued Market Secto Cash (0.26019 Agency (70.421%) Goren -Intent (39.316%) Mortgage Backed (50.003%) Chart Calculated 6y: Bats Market Value + ACCfued 173 174 rijr RIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio Residual Fund Required Retained Balance Summary of Investments for quarter ended September 30, 2019 ATTACHMENT 7 Credit Rating Base Market Value t Accrued 17,500,000 15,000,000 _ 12,500,000 10,000,000 7,500,000 5,000,000 2,500,000 AA+ AA AA- A+ ' A A- BBB+ A-7+ A-2 ' Asset Class Cash (-2.740%)•, Money Market Funds i2.993%4 Fixed Income (99.747%) Chad calculated by: Base Market value + Accrued *Negative cash reflects securities in transit at month end Industry Group Other (26.610%) Electric (3.670%) Diversified Finan Dery (3.856%) Multi -National"-, , (4.067%) FNMA Collateral 14.076%) Commercial MI35 (7.500%) Soversipn (32.629%) Banks (17.378%) Chart calculated by: Base Market Value + Accrued. SUPRANATIONAL (4,067%) FHLMC CMG [4A(6.] FNMA {6222%)- ASS (6917%) Other A(12403050 • CP (14.371%); US GOV [29.588%} CORP (21A/35% ) Chad calculated by: Base Market value + Accrued Market Secto Other (0.253741 Municipal (1.24695] Asset Backed (6.917%) Industrial (7.373%) Utility I8.292%) Mortgage Backed (17908%) Government (36.696%) Financial (21.230%) Chart calculated 6y: Base Market Value + Accrued 175 176 rilE RIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio TIFIA Reserve Fund Summary of Investments for quarter ended September 30, 2019 ATTACHMENT 8 Credit Rating Base Market Value t Accrued 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 AAA 1� Asset Class Cash (-1.117%y k9oncy Marke[ FIIndS (7.39210 `Fixed Income (90_725%) Chad calculated 6y: Base Market value + Accrued *Negative cash reflects securities in transit at month end Industry Group Cash (0.275%) Agency Collet PAC CM0 (3.507%) _ GNMA C0!litteral� (3.642%) FNMA Collate rat (6.606%) Agency Collet CMO (8.652%) f Commercial MBS (35.850%) -Sovereign 09265%) Chart calculated 6y: Base Market Value + Accrued. Security Type Other (9.57474 \ TIPS (7.691%) GNMA CMG e_9o1 %] ASCY BOND ■ (9230%) FNMA (11.393,79 US GOV (22-344%) (16.155%) FNLMC CMO {14.511%] Chad calculated 6y: Base Market value + Accrued Market Secto Cash (0.275%] Agency {9.230%) Government 00.035%) Mortgage Backed (60.460%) Chad calculated 6y: Bose Market Value + Accrued 177 178 COUNTY RIVERSIDEPlir TRANSPORTATION COMMISSION ATTACHMENT 9 2017 Financing STAMP Portfolio by Investment Category for quarter ended September 30, 2019 Source Account nt Identifier - Category Ma Maturity Trade Date 10/25/2018 Current Face Value 375,000.00 Original Cost 375,000.00 Neat Call Date --- Base Market Value 375,026.25 Base Net Total Unrealized Gain/Loss 26.25 Coupon 1.890 Summarized Yield Credit Rating 1.839 AAA 240907004 MIM-RCTC Toll Revenue: -1-15 3135G0U68 Agency Federal National Mortgage Association 10/30/2019 240907004 MIM-RCTC Toll Revenue: - I-15 3130AG5X9 Agency Federal Home Loan Banks 10/09/2020 06/13/2019 1,700,000.00 1,701,020.00 10/09/2019 1,700,255.00 185.26 2.520 1.897 AAA 240907004 MDA-RCTC Toll Revenue: - I-15 3130AH2K8 Agency Federal Home Loan Banks 09/10/2020 09/09/2019 2,075,000.00 2,075,000.00 12/10/2019 2,075,041.50 41.50 2.050 2.043 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137EADB2 Agency Freddie Mac 01/13/2022 09/30/2019 400,000.00 406,425.20 --- 406,160.00 (265.20) 2.375 1.685 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3130AECJ7 Agency Federal Home Loan Banks 05/28/2020 07/03/2018 350,000.00 350,150.50 --- 351,704.50 1,649.21 2.625 1.878 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38377REV3 Agency CMO Government National Mortgage Association 10/20/2039 07/01/2019 37,257.28 37,996.60 --- 38,027.76 52.12 3.500 2.351 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AH6C7 Agency CMO Freddie Mac 07/25/2021 11/29/2018 96,479.88 96,653.25 --- 97,830.60 1,232.87 3.230 2.260 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376V2E6 Agency CMO Government National Mort gage Association 07/16/2039 08/06/2019 24,203.09 25,186.34 --- 25,407.19 232.59 4.000 1.665 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AJMF8 Agency CMO Freddie Mac ] 0/25/2021 11/29/2018 94,590.65 94,276.58 --- 95,943.29 1,632.01 2.968 2.084 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375XCM4 Agency CMO _ Government National Mort gage Association 11/16/2037 05/14/2019 _ 28,205.54 _ 29,004.33 --- 29,114.60_ 166.28 _ 5.000 2.767 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 383742C76 Agency CMO Government National Mortgage Association 08/16/2037 01/31/2018 65,565.61 67,204.75 --- 66,638.92 (221.18) 4.000 3.107 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375JCJ2 Agency CMO Government National Mort gage Association 12/16/2037 01/31/2018 6,099.76 6,118.82 --- 6,096.71 (3.98) 5.305 3.013 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378BXQ7 Agency CMO Government National Mortgage Association 01/16/2036 06/17/2019 18,030.15 17,849.85 --- 17,886.81 (6.69) 1.537 3.096 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376YPU9 Agency CMO _ Government National Mortgage Association 12/20/2038 05/10/2019 25,709.48 25,532.73 --- 25,735.19 189.08 2.500 2.267 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ATRW4 Agency CMO Freddie Mac 05/25/2022 09/26/2018 ] 00,000.00 97,238.28 --- 100,871.00 2,919.67 2.373 1.961 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ASR97 Agency CMO Freddie Mac 01/25/2022 02/27/2018 25,612.27 25,035.99 --- 25,494.96 249.29 1.573 1.865 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136A72D3 Agency CMO Federal National Mortgage Association 04/25/2022 07/26/2019 16,415.73 16,511.79 --- 16,597.29 81.85 2.482 1.824 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AYCE9 Agency CMO Freddie Mac 10/25/2022 08/13/2019 100,000.00 102,164.06 --- 101,999.00 (73.13) 2.682 1.934 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31397QWZ7 Agency CMO Federal Natonal Mortgage Association 09/25/2029 09/28/2018 41,243.71 41,604.59 --- 41,517.98 213.69 4.000 2.439 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378HXH4 Agency CMO Government National Mortgage Association 09/16/2027 03/08/2019 7,152.01 6,780.38 --- 7,020.56 218.72 1.250 2.067 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3139216N4 Agency CMO Federal National Mortgage Association 04/25/2023 12/05/2017 371,294.88 403,924.59 --- 385,467.21 (8,750.97) 5.500 2.536 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B84S3 Agency CMO Freddie Mac 02/15/2029 01/31/2018 96,790.56 95,580.68 --- 96,860.25 1,089.19 _ 2.000 1.921 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137A5FP4 Agency CMO Freddie Mac 01/15/2021 01/30/2018 47,991.34 48,111.32 --- 48,143.95 109.68 2.500 2.070 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375CBH2 Agency CMO _ Government National Mort gage Association 03/16/2035 03/19/2019 6,41623 6,377.13 --- 6,405.84 7.49 1.250 2.364 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31398N2K9 Agency CMO Federal National Mortgage Association 11/25/2025 01/31/2018 60.71 60.94 --- 60.66 (0.10) 3.500 2.613 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38377QKH9 Agency CMO Government National Mortgage Association 08/20/2040 08/20/2019 22,822.16 23,236.71 --- 23,301.42 60.52 3.000 2.258 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378CDK0 Agency CMO Government National Mortgage Association 03/20/2035 01/30/2018 52,373.83 52,856.65 --- 52,517.86 (24.40) 3.000 2.171 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378AWX5 Agency CMO Government National Mort gage Association 01/20/2036 01/30/2018 100,734.70 101,710.57 --- 101,342.13 101.98 3.000 2.140 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378DDC6 Agency CMO Government National Mortgage Association 04/20/2038 06/20/2018 42,876.79 43,166.54 --- 43,015.71 20.28 3.500 2.540 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376PJ35 Agency CMO Government National Mortgage Association 05/16/2037 10/30/2018 840.28 843.17 --- 839.46 (0.82) 4.000 2.440 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38379HLE3 Agency CMO Government National Mortgage Association 05/20/2043 ] 0/18/2018 70,212.10 70,113.37 --- 72,171.72 2,060.52 3.500 2.167 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378VC45 Agency CMO Government National Mort gage Association 12/16/2041 11/23/2018 62,462.30 60,207.80 --- 62,371.73 2,065.33 2.250 2.275 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 383771M59 Agency CMO Government National Mortgage Association ] 0/20/2039 11/21/2018 33,552.75 32,713.94 --- 33,499.40 720.55 2.500 2.525 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ARBX3 Agency CMO Freddie Mac 03/15/2039 03/14/2019 40,571.29 39,994.42 --- 40,490.96 535.85 2.378 2.476 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376YFF3 Agency CMO Government National Mortgage Association 03/20/2039 06/03/2019 8,841.27 8,907.58 --- 8,951.70 52.42 4.000 2.432 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 383791M99 Agency CMO _ Government National Mortgage Association 02/16/2041 08/28/2019 23,618.29 _ 23,770.51 --- 23,933.83 165.49 2.500 1.812 AAA 240907004 MIM-RCTC Toll Revenue 31416BTW8 Agency MBS Federal National Mortgage Association 01/01/2024 09/03/2019 435,104.39 453,868.28 --- 454,644.93 577.34 5.500 2.050 AAA 240907004 M1M-RCTC Toll Revenue:-I-15 3137B2GW4 Agency MBS _ Freddie Mac _ 03/25/2020 06/29/2018 551,483.68 547,907.66 --- 550,932.20 837.01 2.313 2.136 AAA 240907004 MIM-RCTC Toll Revenue 3137B7YX1 Agency MBS Freddie Mac 04/25/2023 08/19/2019 556,699.82 563,745.55 --- 562,088.67 (1,514.67) 2.592 1.929 AAA 240907004 M1M-RCTC Toll Revenue:-I-15 3137FJXN4 Agency MBS Freddie Mac 02/25/2023 08/27/2019 362,890.25 362,550.05 --- 362,596.31 125.11 2.474 2.401 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31283K5N4 Agency MBS Freddie Mac 08/01/2020 12/05/2017 209,955.42 214,684.46 --- 216,650.90 2,580.99 5.000 -4.139 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3620A9W V9 Agency MBS Government National Mortgage Association 12/15/2024 05/23/2018 11,394.45 11,643.71 --- 11,881.68 287.06 4.000 1.734 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3138NJAE8 Agency MBS Federal Natonal Mortgage Association 12/01/2020 09/13/2018 31,597.79 31,963.15 --- 31,568.41 (290.13) 3.630 3.779 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381N7G2 Agency MBS Federal National Mortgage Association 10/01/2020 09/25/2018 35,821.90 35,953.43 --- 36,026.08 66.85 3.270 2.369 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381RLL6 Agency MBS Federal Natonal Mortgage Association 07/01/2021 11/02/2018 45,237.78 45,909.30 --- 46,375.51 699.51 3.840 2.027 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381 SVJ8 Agency MBS Federal National Mortgage Association 11/01/2021 02/22/2019 42,508.14 42,720.68 --- 43,464.57 815.68 3.330 2.128 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136AC7J4 Agency MBS Federal National Mortgage Association 03/25/2023 02/21/2018 40,665.16 39,996.42 --- 41,477.25 1,268.03 2.605 1.880 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31418AU48 Agency MBS Federal National Mortgage Association 07/01/2023 05/21/2019 0.00 0.00 --- 0.00 (0.00) 2.500 1.356 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B1U75 Agency MBS Freddie Mac 01/25/2023 02/27/2018 120,000.00 117,965.63 --- 121,466.40 2,845.96 2.522 1.997 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378KWU9 Agency MBS Government National Mort gage Association 11/16/2041 05/03/2019 35,923.45 33,700.68 --- 35,183.06 1,257.16 1.400 2.388 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B3NW4 Agency MBS Freddie Mac 09/25/2022 09/26/2018 82,463.44 81,754.77 --- 83,356.52 1,474.04 2.778 1.938 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378KW47 Agency MBS Government National Mort gage Association 08/16/2035 06/13/2019 59,424.35 59,090.09 --- 59,212.80 63.83 2.150 2.512 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AXHN6 Agency MBS Freddie Mac 02/25/2022 01/25/2018 58,208.29 57,407.92 --- 58,054.03 364.30 1.749 1.877 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31418ASD1 Agency MBS Federal National Mortgage Association 04/01/2023 01/31/2018 54,858.48 54,325.70 --- 54,795.39 358.92 2.000 1.996 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136AMM48 Agency MBS Federal National Mortgage Association 07/25/2022 09/26/2018 84,106.36 82,849.42 --- 84,921.35 1,750.43 2.509 1.976 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B IUF7 Agency MBS Freddie Mac 09/25/2022 01/25/2018 30,607.20 30,157.65 --- 30,555.78 251.67 1.785 1.827 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137BQBY2 Agency MBS Freddie Mac 03/25/2022 08/16/2019 63,759.08 64,170.02 --- 63,966.93 (186.35) 2.183 1.968 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3138EJPZ5 Agency MBS Federal National Mortgage Association 07/01/2022 07/22/2019 24,800.64 25,253.06 --- 25,380.73 6.94 3.022 1.910 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 05/23/2018 24,168.84 24,742.86 --- 25,140.18 511.25 4.000 1.944 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31418CQM9 Agency MBS _ Federal National Mortgage Association 10/01/2027 09/11/2019 23,353.56 23,948.35 --- 23,910.54 (39.44) 3.000 2.122 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 314016DU8 Agency MBS Federal National Mortgage Association 08/01/2031 07/26/2019 82,113.07 82,664.77 --- 82,928.46 261.61 2.500 2.133 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3138L2GH4 Agency MBS Federal National Mortgage Association 07/01/2021 07/26/2019 21,604.82 21,488.36 --- 21,588.40 93.70 1.870 _1.854 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136A96F0 Agency MBS Federal National Mortgage Association 11/25/2022 02/27/2018 56,377.13 54,643.97 --- 56,820.25 1,643.19 2.184 1.817 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137FGZN8 Agency MBS Freddie Mac 02/25/2023 06/18/2019 40,356.28 40,337.36 --- 40,347.81 43.93 2.424 2.312 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381QB54 Agency MBS Federal National Mortgage Association 03/01/2021 11/07/2018 56,108.63 57,270.26 --- 57,421.01 643.62 4.410 2.251 AAA 240907004 M1M-RCTC Toll Revenue: - I-15 87165LBB6 Asset Backed Syncbrony Credit Card Master Note Trust 2016-2 05/17/2021 08/02/2019 525,000.00 526,271.48 --- 526,743.00 578.64 2.210 2.011 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 161571HJ6 Asset Backed Chase Issuance Trust 01/15/2020 03/23/2018 500,000.00 501,347.66 --- 500,275.00 331.47 2.328 2.165 AAA 240907004 M1M-RCTC Toll Revenue: - I-15 02587AAJ3 Asset Backed American Express Credit Account Master Trust 02/18/2020 06/29/2018 650,000.00 640,351.56 --- 649,486.50 1,786.39 1.930 2.147 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 05522RCW6 Asset Backed Ba Credit Card Trust - Series 2017-1 03/16/2020 09/04/2019 750,000.00 749,677.73 --- 749,550.00 (171.60) 1.950 2.090 AAA 240907004 M1M-RCTC Toll Revenue: - I-15 65478DAD9 Asset Backed Nissan Auto Receivables 2018-A Owner Trust 05/16/2022 06/29/2018 600,000.00 596,906.25 --- 602,838.00 4,198.62 2.650 2.156 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 38013FAD3 Asset Backed GM Financial Consumer Automobile Receivables Trust 2018-, ]0/16/2023 07/24/2019 350,000.00 356,412.11 --- 356,195.00 377.68 3.210 2.174 AAA 240907004 M1M-RCTC Toll Revenue:-I-15 47789JAB2 Asset Backed Jobn Deere Owner Trust 2019 10/15/2021 03/05/2019 530,000.00 529,975.83 --- 532,443.30 2,456.11 2.850 2.108 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 65479PAA7 Asset Backed Nissan Auto Lease Trust, 2019-A 04/15/2020 04/09/2019 162,233.65 162,233.65 --- 162,282.32 48.67 2.599 2.096 AAA 240907004 M1M-RCTC Toll Revenue: - I-15 31680YAA5 Asset Backed Fifth Third Auto Trust 2019-1 05/15/2020 04/30/2019 84,920.25 84,920.25 --- 84,934.68 14.44 2.576 2.343 AAA 179 Page 20 of 37 PIFRIVERSIDE COUNTY TRANSPORTATION COMMISSION 2017 Financing STAMP Portfolio by Investment Category for quarter ended September 30, 2019 Source Account Account Identifier Secu Type Category Issuer Ma Maturity Trade Date Current Face Value Original Cost Neat Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Summarized Yield Credit Rating 240907004 MIM-RCTC Toll Revenue: - I-15 65478LAB5 Asset Backed Nissan Auto Lease Trust 2019-B 10/15/2021 07/16/2019 260,000.00 259,977.25 --- 260,410.80 428.80 2.270 2.016 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 477870AB5 Asset Backed John Deere Owner Trust 2019-B 05/16/2022 07/16/2019 290,000.00 289,998.90 --- 290,667.00 667.40 2.280 2.046 AAA 240907004 M M-RCTC Toll Revenue: - I-15 14315PAB1 Asset Backed Carmax Auto Owner Trust 2019-3 12/15/2022 07/24/2019 380,000.00 379,982.94 --- 380,805.60 820.62 2.210 2.028 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 26209AAE1 Asset Backed Drive Auto Receivables Trust 2019-4 01/16/2024 09/09/2019 _260,000.00 _ 259,964.59 --- 259,675.00_ (290.12) 2.230 2.299 AA 240907004 MM-RCTC Toll Revenue: - I-15 63873NV99 CD Natixis, New York Branch 11/15/2019 08/16/2019 1,500,000.00 1,501,342.06 --- 1,500,735.00 71.34 2.530 2.125 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 65602VMU7 CD Norinchukin Bank NY Branch 12/11/2019 09/04/2019 1,475,000.00 1,475,824.30 --- 1,475,575.25 (28.10) 2.300 2.089 AAA 240907004 M M-RCTC Toll Revenue: - I-15 83050PBF5 CD Skandinaviska Enskilda Banken AB (publ.) 10/07/2019 09/23/2019 850,000.00 850,093.95 --- 850,068.00 27.74 2.410 1.983 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 62888VAA6 CMO NCUA Guaranteed Notes Trust 2010-R1 10/07/2020 01/22/2019 341,046.10 341,166.00 --- 341,192.75 75.17 2.679 2.551 AAA 240907004 M M-RCTC Toll Revenue: - I-15 62888UAB6 CMO NCUA Guaranteed Notes Trust 2010-R2 11/05/2020 03/15/2019 243,010.87 243,371.59 --- 243,394.83 141.66 2.699 2.112 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE _ 62888 VAA6 CMO NCUA Guaranteed Notes Trust 2010-R1 10/07/2020 05/10/2019 _ 0.01 _ 0.01 --- 0.01 0.00 2.679 2.551 AAA 240907004 M M-RCTC Toll Revenue: - I-15 38141EA58 Corporate The Goldman Sachs Group, Inc. 03/15/2020 07/26/2017 500,000.00 540,800.00 --- 507,190.00 (128.62) 5.375 2.201 A 240907004 MIM-RCTC Toll Revenue: - I-15 40428HPN6 Corporate HSBC USA Inc. 11/13/2019 07/26/2017 1,000,000.00 _ 1,010,720.00 --- 1,000,220.00 (343.91) 2.375 2.171 A 240907004 M M-RCTC Toll Revenue: - I-15 17401QAB7 Corporate Citizens Bank, National Association 12/04/2019 07/26/2017 1,000,000.00 1,008,450.00 11/04/2019 1,000,130.00 (227.02) 2.450 2.294 A 240907004 MIM-RCTC Toll Revenue: - I-15 61747YDW2 Corporate Morgan Stanley 01/27/2020 07/25/2017 500,000.00 506,130.00 --- 500,750.00 (63.90) 2.650 2.175 A 240907004 MM-RCTC Toll Revenue: - I-15 780082AA1 Corporate Royal Bank of Canada 02/05/2020 07/26/2017 1,500,000.00 1,497,390.00 --- 1,498,440.00 (1,191.30) 1.875 2.171 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 172967JJ1 Corporate Citigroup Inc. 02/18/2020 07/25/2017 500,000.00 503,600.00 --- 500,435.00 (119.20) 2.400 2.165 A 240907004 MM-RCTC Toll Revenue: - I-15 06051GFN4 Corporate Bank of America Corporation 04/21/2020 12/04/2017 1,000,000.00 997,850.00 --- 1,001,070.00 1,579.61 2.250 2.055 A 240907004 MIM-RCTC Toll Revenue: - I-15 31677QBG3 Corporate Fifth Third Bank 06/14/2021 07/23/2019 500,000.00 500,110.00 05/14/2021 501,600.00 1,498.59 2.250 2.048 A 240907004 M M-RCTC Toll Revenue: - I-15 24422ETJ8 Corporate John Deere Capital Corporation 10/09/2019 07/26/2017 1,125,000.00 1,114,650.00 --- 1,124,786.25 (107.94) 1.250 1.999 A 240907004 MIM-RCTC Toll Revenue: - I-15 06367TPX2 Corporate Bank of Montreal 12/12/2019 07/26/2017 1,000,000.00 1,005,160.00 --- 1,000,080.00 (361.87) 2.100 2.047 AA 240907004 M M-RCTC Toll Revenue: - I-15 14912L6Y2 Corporate Caterpillar Financial Services Corporation 01/10/2020 07/26/2017 1,000,000.00 1,008,020.00 --- 1,000,150.00 (775.85) 2.100 2.036 A 240907004 MIM-RCTC Toll Revenue: - I-15 5148XIXA6 CP Landesbank Baden-Wurttemberg, New York Branch 10/10/2019 08/19/2019 1,500,000.00 1,495,320.00 --- 1,499,265.00 75.00 0.000 1.764 AAA 240907004 M M-RCTC Toll Revenue: - I-15 23337UX79 CP DTE Gas Company 10/07/2019 09/06/2019 1,500,000.00 1,497,184.17 --- 1,499,505.00 50.00 0.000 1.697 AA 240907004 MIM-RCTC Toll Revenue: - I-15 _ 50000EX33 CP Koch Industries, Inc. 10/03/2019 09/09/2019 1,500,000.00 _ 1,497,960.00 --- 1,499,835.00 5.00 _ 0.000 _1.320 AAA 240907004 M M-RCTC Toll Revenue: - I-15 02361LXG2 CP Ameren Illinois Company 10/16/2019 09/16/2019 1,200,000.00 1,197,740.00 --- 1,199,016.00 146.00 0.000 1.845 AA 240907004 MIM-RCTC Toll Revenue: - I-15 21201CX43 CP Continental Rubber of America, Corp. 10/04/2019 09/27/2019 1,000,000.00 999,572.22 --- 999,840.00 23.33 0.000 1.440 AA 240907004 M M-RCTC Toll Revenue: - I-15 23336KXQ0 CP DTE Electric Company 10/24/2019 09/27/2019 600,000.00 599,100.00 --- 599,244.00 10.67 0.000 1.890 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE CCYUSD Currency UNITED STATES OF AMERICA 09/30/2019 --- 0.00 (406,160.27) --- (406,160.27) 0.00 0.000 0.000 AAA 240907004 M M-RCTC Toll Revenue: - I-15 31846V203 MM Fund First American Funds, Inc. - Govemment Obligations Fund 09/30/2019 09/27/2019 0.00 208,396.50 --- 208,396.50 0.00 1.670 1.520 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31846V203 MM Fund First American Funds, Inc. - Government Obligations Fund 09/30/2019 --- 0.00 427,856.57 --- 427,856.57 0.00 1.670 1.670 AAA 240907004 M M-RCTC Toll Revenue: - I-15 392274A89 Muni Greater Orlando Aviation Authority 10/01/2019 07/26/2017 700,000.00 724,094.00 --- 700,000.00 0.00 3.483 3.424 AA 240907004 MIM-RCTC Toll Revenue: - I-15 048506DN6 Muni Atlantic County Improvement Authority 06/17/2020 07/05/2019 265,000.00 267,210.10 --- 267,011.35 340.93 3.250 2.170 NA 240907004 M M-RCTC Toll Revenue: - I-15 072024WU2 Muni Bay Area Toll Authority 04/01/2020 09/20/2019 425,000.00 425,000.00 --- 425,148.75 148.75 2.025 1.955 AA 240907004 MIM-RCTC Toll Revenue: - I-15 _ 459058GK3 Non -US Gov International Bank for Reconstruction and Development 08/21/2020 _ --- 1,510,000.00 _ 1,510,367.00 --- 1,510,785.20 614.84 2.040 2.013 AAA 240907004 MM-RCTC Toll Revenue: - I-15 45818WCP9 Non -US Gov Inter -American Development Bank 09/16/2022 09/10/2019 1,500,000.00 1,500,000.00 --- 1,500,435.00 435.00 2.282 2.219 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828SA9 TIPS United States Department of The Treasury 01/15/2022 --- 328,723.70 _ 326,362.68 --- 325,443.04 (1,918.36) 0.125 0.563 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828UH1 TIPS United States Department of The Treasury 01/15/2023 02/05/2018 83,361.75 82,291.14 --- 82,634.84 (11.50) 0.125 0.391 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 9128286N5 TIPS United States Department of The Treasury 04/15/2024 --- 162,758.40 165,636.73 --- 164,706.62 (856.51) 0.500 0.235 AAA 240907004 M M-RCTC Toll Revenue: - I-15 912828UF5 US Gov United States Department of The Treasury 12/31/2019 06/29/2018 3,700,000.00 3,627,156.25 --- 3,692,489.00 4,623.16 1.125 1.935 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 912828Y53 US Gov United States Department of The Treasury 07/31/2020 --- 5,550,000.00 5,551,119.32 --- 5,544,394.50 (6,103.89) 1.957 2.110 AAA 240907004 M M-RCTC Toll Revenue: - I-15 9128285H9 US Gov United States Department of The Treasury 10/31/2020 12/06/2018 5,300,000.00 5,299,852.27 --- 5,291,626.00 (8,289.70) 1.959 2.140 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828UF5 US Gov United States Department of The Treasury 12/31/2019 --- 335,000.00 328,527.73 --- 334,319.95 339.53 1.125 1.935 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VA5 US Gov United States Department of The Treasury 04/30/2020 - 665,000.00 648,627.54 --- 662,167.10 2,571.62 1.125 1.861 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VV9 US Gov United States Department of The Treasury 08/31/2020 --- 775,000.00 766,685.54 --- 776,906.50 5,670.59 2.125 1.853 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828B58 US Gov United States Department of The Treasury 01/31/2021 07/05/2018 320,000.00 316,212.50 --- 321,462.40 3,454.39 2.125 1.776 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828F62 US Gov United States Department of The Treasury 10/31/2019 02/20/2019 700,000.00 695,132.81 --- 699,657.00 234.29 1.500 2.070 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828L57 US Gov United States Department of The Treasury 09/30/2022 - 110,000.00 110,892.58 --- 110,545.60 (327.45) 1.750 1.580 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828Y53 US Gov United States Department of The Treasury 07/31/2020 --- 450,000.00 449,998.47 --- 449,545.50 (439.10) 1.957 2.110 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 9128285H9 US Gov United States Department of The Treasury 10/31/2020 12/06/2018 500,000.00 499,986.06 --- 499,210.00 (782.05) 1.959 2.140 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 _ 97689P2K3 VRDN Wisconsin Housing and Economic Development Authority 09/01/2037 07/18/2019 1,300,000.00 _ 1,300,000.00 10/30/2019 1,300,000.00 0.00 _ 2.080 _2.080 AA 240907004 M M-RCTC Toll Revenue: - I-15 64986U4H7 VRDN New York State Housing Finance Agency 11/01/2048 07/02/2018 1,400,000.00 1,400,000.00 10/15/2019 1,400,000.00 0.00 2.100 2.100 AA 240907004 MIM-RCTC Toll Revenue: - I-15 56052FHZ1 VRDN Maine State Housing Authority 11/15/2052 07/18/2019 1,400,000.00 1,400,000.00 10/30/2019 1,400,000.00 0.00 2.100 2.100 AA 240907004 M M-RCTC Toll Revenue: - I-15 196479G29 VRDN Colorado Housing and Finance Authority, Inc. 04/01/2040 07/18/2019 1,500,000.00 1,500,000.00 10/15/2019 1,500,000.00 0.00 2.100 2.100 AAA 65,465,671.78 65,725,863.59 65,773,908.55 34,838.82 180 Page 21 of 37 ATTACHMENT 10 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 2017 Financing STAMP Portfolio by Account for quarter ended September 30, 2019 Source Account Account 240907004 MIM-RCTC Toll Revenue: - I-15 240907004 MIM-RCTC Toll Revenue: - I-15 240907004 MIM-RCTC Toll Revenue: - I-15 Identifier 3135G0U68 3130AG5X9 3130AH2K8 Security Typ Category Issuer Final Maturity Agency Agency Agency Federal National Mortgage Association Federal Homo Loan Banks Federal Home Loan Banks 10/30/2019 10/09/2020 09/10/2020 eat Call Base Net Total Summarized Trade Date Current Face Value Original Cost Date Base Market Value Unrealized Gain/Loss Coupon Yield Credit Rating 10/25/2018 06/13/2019 09/09/2019 375,000.00 1,700,000.00 2,075,000.00 375,000.00 --- 1,701,020.00 10/09/2019 2,075,000.00 12/10/2019 375,026.25 1,700,255.00 2,075,041.50 26.25 185.26 41.50 1.890 2.520 2.050 1.839 1.897 2.043 AAA AAA AAA 240907004 MIM-RCTC Toll Revenue:-I-15 31416BTW8 Agency MBS Federal National Mortgage Association 01/01/2024 09/03/2019 435,104.39 453,868.28 454,644.93 577.34 5.500 2.050 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 3137B2GW4 Agency MBS Freddie Mac 03/25/2020 06/29/2018 551,483.68 547,907.66 550,932.20 837.01 2.313 2.136 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 3137B7YX1 Agency MBS Freddie Mac 04/25/2023 08/19/2019 556,699.82 563,745.55 562,088.67 (1,514.67) 2.592 1.929 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 3137FJXN4 AgencylOBS Freddie Mac 02/25/2023 08/27/2019 362,890.25 362,550.05 362,596.31 125.11 2.474 2.401 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 87165LBB6 Asset Backed Synchrony Credit Card Master Note Trust 2016-2 05/17/2021 08/02/2019 525,000.00 526,271.48 526,743.00 578.64 2.210 2.011 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 161571HJ6 Asset Backed Chase Issuance Trust 01/15/2020 03/23/2018 500,000.00 501,347.66 500,275.00 331A7 2.328 2.165 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 02587AAJ3 Asset Backed American Express Credit Accoart Master Trust 02/18/2020 06/29/2018 650,000.00 640,351.56 649,486.50 1,786.39 1.930 2.147 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 05522RCW6 Asset Backed Ba Credit Card Trust - Series 2017-1 03/16/2020 09/04/2019 750,000.00 749,677.73 749,550.00 (171.60) 1.950 2.090 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 65478DAD9 Asset Backed Nissan Auto Receivables 2018-A Owner Trust 05/16/2022 06/29/2018 600,000.00 596,906.25 602,838.00 4,198.62 2.650 2.156 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 38013FAD3 Asset Backed GM Financial Consumer Automobile Receivables Trust 2018-4 10/16/2023 07/24/2019 350,000.00 356,412.11 356,195.00 377.68 3.210 2.174 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 47789JAB2 Asset Backed John Deere Owner Trust 2019 10/15/2021 03/05/2019 530,000.00 529,975.83 532,443.30 240907004 MIM-RCTC Toll Revenue: - I-15 65479PAA7 Asset Backed Nissan Auto Lease Trust, 2019-A 04/15/2020 04/09/2019 162,233.65 162,233.65 162,282.32 240907004 MIM-RCTC Toll Revenue: - I-15 31680YAA5 Asset Backed Fifth Third Auto Trust 2019-1 05/15/2020 04/30/2019 84,920.25 84,920.25 84,934.68 2,456.11 2.850 2.108 48.67 2.599 2.096 AAA AAA 14.44 2.576 2.343 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 65478LAB5 Asset Backed Nissan Auto Lease Trust 2019-B 10/15/2021 07/16/2019 260,000.00 259,977.25 260,410.80 428.80 2.270 2.016 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 477870AB5 Asset Backed John Deere Owner Trust 2019-B 05/16/2022 07/16/2019 290,000.00 289,998.90 290,667.00 667.40 2.280 2.046 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 14315PAB1 Asset Backed Carmax Auto Owner Trust 2019-3 12/15/2022 07/24/2019 380,000.00 379,982.94 380,805.60 820.62 2.210 2.028 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 26209AAE1 Asset Backed Drive Auto Receivables Trust 2019-4 01/16/2024 09/09/2019 260,000.00 259,964.59 259,675.00 (290.12) 2.230 2.299 AA 240907004 MIM-RCTC Toll Revenue: - I-15 63873NV99 CD Natxis, New York Branch 11/15/2019 08/16/2019 1,500,000.00 1,501,342.06 1,500,735.00 71.34 2.530 2.125 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 65602VMU7 CD Norinchukin Bank NY Branch 12/11/2019 09/04/2019 1,475,000.00 1,475,824.30 1,475,575.25 (28.10) 2.300 2.089 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 83050PBF5 CD Skandinaviska Enskilda Harken AB (pub1J 10/07/2019 09/23/2019 850,000.00 850,093.95 850,068.00 27.74 2.410 1.983 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 62888VAA6 CMO NCUA Guaranteed Notes Trust 2010-R1 10/07/2020 01/22/2019 341,046.10 341,166.00 341,192.75 75.17 2.679 2.551 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 62888UAB6 CMO NCUA Guaranteed Notes Trust 2010-R2 11/05/2020 03/15/2019 243,010.87 243,371.59 243,394.83 141.66 2.699 2.112 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 38141EA58 Corporate The Goldman Sachs Group, Inc. 03/15/2020 07/26/2017 500,000.00 540,800.00 507,190.00 (128.62) 5.375 2.201 A 240907004 MIM-RCTC Toll Revenue: - I-15 40428HPN6 Corporate HSBC USA Inc. 11/13/2019 07/26/2017 1,000,000.00 1,010,720.00 1,000,220.00 (343.91) 2.375 2.171 A 240907004 MIM-RCTC Toll Revenue: - I-15 17401QAB7 Corporate Citizens Bank, National Association 12/04/2019 07/26/2017 1,000,000.00 1,008,450.00 11 /04/2019 1,000,130.00 (227.02) 2.450 2.294 A 240907004 MIM-RCTC Toll Revenue: - I-15 61747YDW2 Corporate Morgan Stanley 01/27/2020 07/25/2017 500,000.00 506,130.00 500,750.00 (63.90) 2.650 2.175 A 240907004 MIM-RCTC Toll Revenue: - I-15 780082AA1 Corporate Royal Bank of Canada 02/05/2020 07/26/2017 1,500,000.00 1,497,390.00 1,498,440.00 (1,191.30) 1.875 2.171 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 172967JJ1 Corporate Citlgroup Inc. 02/18/2020 07/25/2017 500,000.00 503,600.00 500,435.00 (119.20) 2.400 2.165 A 2499979114 MIM-RCTC Tnll RBvenlle: - I-15 n6n51GFN4 Cmmnratc Rank of America Cmmnmtinn 94/21 /211211 12/04/2017 1 909 0011.011 997 85(I.nn 1 991 979 00 1 579 Al 2759 2_ns5 A 240907004 240907004 240907004 240907004 240907004 MIM-RCTC Toll Revenue: - I-15 MIM-RCTC Toll Revenue: - I-15 MIM-RCTC Toll Revenue: - I-15 MIM-RCTC Toll Revenue: - I-15 MIM-RCTC Toll Revenue: - I-15 31677QBG3 24422ETJ8 06367TPX2 14912L6Y2 5148XIXA6 Corporate Corporate Corporate Corporate CP Fifth Third Bank John Deere Capital Corporation Bank of Montreal Caterpillar Financial Services Corporation Landesbank Haden-WOrttemberg, New York Branch 06/14/2021 10/09/2019 12/12/2019 01/10/2020 10/10/2019 07/23/2019 07/26/2017 07/26/2017 07/26/2017 08/19/2019 500,000.00 1,125,000.00 1,000,000.00 1,000,000.00 1,500,000.00 500,110.00 05/14/2021 1,114,650.00 --- 1,005,160.00 --- 1,008,020.00 --- 1,495,320.00 --- 501,600.00 1,124,786.25 1,000,080.00 1,000,150.00 1,499,265.00 1,498.59 (107.94) (361.87) (775.85) 75.00 2.250 1.250 2.100 2.100 0.000 2.048 1.999 2.047 2.036 1.764 A A AA A AAA 240907004 MIM-RCTC Toll Revenue: - I-15 23337UX79 CP DTE Gas Company 10/07/2019 09/06/2019 1,500,000.00 1,497,184.17 1,499,505.00 50.00 0.000 1.697 AA 240907004 MIM-RCTC Toll Revenue: - I-15 50000EX33 CP Koch Industries, Inc. 10/03/2019 09/09/2019 1,500,000.00 1,497,960.00 1,499,835.00 5.00 0.000 1.320 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 02361LXG2 CP Ameren Illinois Company 10/16/2019 09/16/2019 1,200,000.00 1,197,740.00 1,199,016.00 146.00 0.000 1.845 AA 240907004 MIM-RCTC Toll Revenue: - I-15 2120ICX43 CP Continental Rubber of America, Corp. 10/04/2019 09/27/2019 1,000,000.00 999,572.22 999,840.00 23.33 0.000 1.440 AA 240907004 MIM-RCTC Toll Revenue: - I-15 2333610(00 CP DTE Electric Company 10/24/2019 09/27/2019 600,000.00 599,100.00 599,244.00 10.67 0.000 1.890 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 31846V203 MM Fund First American Funds, Inc. - Government Obligations Fund 09/30/2019 09/27/2019 208,396.50 208,396.50 1.670 1.520 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 392274A89 Muni Greater Orlando Aviation Authority 10/01/2019 07/26/2017 700,000.00 724,094.00 700,000.00 3A83 3.424 AA 240907004 MIM-RCTC Toll Revenue: - I-15 048506DN6 Muni Atlantic County Improvement Authority 06/17/2020 07/05/2019 265,000.00 267,210.10 267,011.35 340.93 3.250 2.170 NA 240907004 MIM-RCTC Toll Revenue: - I-15 072024WU2 Muni Bay Area Toll Authority 04/01/2020 09/20/2019 425,000.00 425,000.00 425,148.75 148.75 2.025 1.955 AA 240907004 MIM-RCTC Toll Revenue: - I-15 459058GK3 Non -US Gov International Bank for Reconstruction and Development 08/21/2020 1,510,000.00 1,510,367.00 1,510,785.20 614.84 2.040 2.013 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 45818WCP9 Non -US Gov Inter -American Development Bank 09/16/2022 09/10/2019 1,500,000.00 1,500,000.00 1,500,435.00 435.00 2.282 2.219 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 912828UF5 US Gov United States Department of The Treasury 12/31/2019 06/29/2018 3,700,000.00 3,627,156.25 3,692,489.00 4,623.16 1.125 1.935 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 912828Y53 US Gov United States Department of The Treasury 07/31/2020 5,550,000.00 5,551,119.32 5,544,394.50 (6,103.89) 1.957 2.110 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 9128285H9 US Gov United States Department of The Treasury 10/31/2020 12/06/2018 5,300,000.00 5,299,852.27 5,291,626.00 (8,289.70) 1.959 2.140 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 97689P2K3 VRDN Wisconsin Housing and Economic Development Authority 09/01/2037 07/18/2019 1,300,000.00 1,300,000.00 10/30/2019 1,300,000.00 2.080 2.080 AA 240907004 MIM-RCTC Toll Revenue: - I-15 64986U4H7 VRDN New York State Housing Finance Agency 11/01/2048 07/02/2018 1,400,000.00 1,400,000.00 10/15/2019 1,400,000.00 2.100 2.100 AA 240907004 MIM-RCTC Toll Revenue: - I-15 56052FHZ1 VRDN Maine State Housing Authority 11/15/2052 07/18/2019 1,400,000.00 1,400,000.00 10/30/2019 1,400,000.00 2.100 2.100 AA 240907004 MIM-RCTC Toll Revenue: - I-15 I96479G29 VRDN Colorado Housing and Finance Authority, Inc. 04/01/2040 07/18/2019 1,500,000.00 1,500,000.00 10/15/2019 1,500,000.00 2.100 2.100 AAA 57,282,389.01 57,521,861.48 57,519,699.44 3,650.40 240907020 RCTC I-15 Prl RAMP UP RESERVE 3137EADB2 Agency Freddie Mac 01/13/2022 09/30/2019 400,000.00 406,42520 406,160.00 AAA Federal Home Loan Banks 350,000.00 350,150.50 351,704.50 1,649.21 AAA Government Nafional Mortgage Associafion 37,257.28 37,996.60 38,027.76 52.12 AAA Freddie Mac 96,479.88 96,653.25 97,830.60 1,232.87 AAA Government Nafional Mortgage Association 24,203.09 25,186.34 25,407.19 AAA Freddie Mac 94,590.65 94,276.58 95,943.29 1,632.01 AAA Government Nafional Mortgage Association 28,205.54 29,004.33 29,114.60 166.28 AAA Government National Mortgage Association Government Nafional Mortgage Associafion 65,565.61 6,099.76 67,204.75 6,118.82 66,638.92 6,096.71 AAA AAA Govemment National Mortgage Association 18,030.15 17,849.85 17,886.81 AAA Government Nafional Mortgage Association 25,709.48 25,532.73 25,735.19 189.08 AAA Freddie Mac 100,000.00 97,238.28 100,871.00 AAA Freddie Mac 25,612.27 25,035.99 25,494.96 AAA Federal National Mortgage Association 16,415.73 16,511.79 16,597.29 AAA Freddie Mac 100,000.00 102,164.06 101,999.00 AAA Federal National Mortgage Association 41,243.71 41,604.59 41,517.98 AAA Government National Mortgage Association 7,152.01 6,780.38 7,020.56 218.72 AAA Federal National Mortgage Association 371,294.88 403,924.59 385,467.21 AAA Freddie Mac 96,790.56 95,580.68 96,860.25 AAA Freddie Mac Government National Mortgage Association Federal National Mortgage Association 181 Page 22 of 37 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 2017 Financing STAMP Portfolio by Account for quarter ended September 30, 2019 Source Account Account Identifier Security Type Category Issuer �rt Call Base Net Total Summarized Final Maturity Trade Date Current Face Value Original Cost Date Base Market Value Unrealized Gain/Loss Coupon Yield Credit Rating 240907020 240907020 240907020 240907020 240907020 240907020 RCTC 1-15 Ph RAMP UP RESERVE RCTC I-15 Ph RAMP UP RESERVE RCTC I-15 Ph RAMP UP RESERVE RCTC I-15 Prj RAMP UP RESERVE RCTC 1-15 Ph RAMP UP RESERVE RCTC I-15 Prj RAMP UP RESERVE 38377QKH9 38378CDK0 38378AWX5 38378DDC6 38376P135 38379HLE3 Agency CMO Agency CMO Agency CMO Agency CMO Agency CMO Agency CMO Government National Mortgage Association Government National Mortgage Association Government National Mortgage Association Govemment National Mortgage Association Government National Mortgage Association Govemment National Mortgage Association 08/20/2040 03/20/2035 01/20/2036 04/20/2038 05/16/2037 05/20/2043 08/20/2019 01/30/2018 01/30/2018 06/20/2018 10/30/2018 10/18/2018 22,822.16 52,373.83 100,734.70 42,876.79 840.28 70,212.10 23,236.71 52,856.65 101,710.57 43,166.54 843.17 70,113.37 23,301.42 60.52 3.000 52,517.86 (24.40) 3.000 101,342.13 101.98 3.000 43,015.71 20.28 3.500 839.46 (0.82) 4.000 72,171.72 2,060.52 3.500 2.258 2.171 2.140 2.540 2.440 2.167 AAA AAA AAA AAA AAA AAA 240907020 RCTC 1-15 Ph RAMP UP RESERVE 38378VC45 Agency CMO Government National Mortgage Association 12/16/2041 11/23/2018 62,462.30 60,207.80 62,371.73 2,065.33 2.250 2.275 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38377JM59 Agency CMO Govemment National Mortgage Association 10/20/2039 1121/2018 33,552.75 32,713.94 33,499.40 720.55 2.500 2.525 AAA 240907020 RCTC 1-15 Ph RAMP UP RESERVE 3137ARBX3 Agency CMO Freddie Mac 03/15/2039 03/14/2019 40,571.29 39,994.42 40,490.96 535.85 2.378 2.476 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376YFF3 Agency CMO Govemment National Mortgage Association 03/20/2039 06/03/2019 8,841.27 8,907.58 8,951.70 52A2 4.000 2.432 AAA 240907020 RCTC 1-15 Ph RAMP UP RESERVE 383797M99 Agency CMO Government National Mortgage Association 02/16/2041 08/28/2019 23,618.29 23,770.51 23,933.83 165.49 2.500 1.812 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31283K5N4 Agency MBS Freddie Mac 08/01/2020 12/05/2017 209,955A2 214,684.46 216,650.90 2,580.99 5.000 -4.139 AAA 240907020 RCTC 1-15 Ph RAMP UP RESERVE 3620A9WV9 Agency MBS Government National Mortgage Association 12/15/2024 05/23/2018 11,394A5 11,643.71 11,881.68 287.06 4.000 1.734 AAA 240907020 RCTC I-15 Ph RAMP UP RESERVE 3138NJAE8 Agency MBS Federal National Mortgage Association 12/012020 09/13/2018 31,597.79 31,963.15 31,568.41 (290.13) 3.630 3.779 AAA 240907020 RCTC 1-15 Ph RAMP UP RESERVE 31381N7G2 Agency MBS Federal National Mortgage Association 10/01/2020 09/25/2018 35,821.90 35,953.43 36,026.08 66.85 3.270 2.369 AAA 240907020 RCTC I-15 Ph RAMP UP RESERVE 3138IRLL6 Agency MBS Federal National Mortgage Association 07/01/2021 11/02/2018 45,237.78 45,909.30 46,375.51 699.51 3.840 2.027 AAA 240907020 RCTC 1-15 Ph RAMP UP RESERVE 31381SV18 Agency MBS Federal National Mortgage Association 11/01/2021 02/22/2019 42,508.14 42,720.68 43,464.57 815.68 3.330 2.128 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136AC7J4 Agency MBS Federal National Mortgage Association 03/25/2023 02/21/2018 40,665.16 39,996.42 41,477.25 1,268.03 2.605 1.880 AAA 240907020 RCTC 1-15 Ph RAMP UP RESERVE 31418AU48 Agency MBS Federal National Mortgage Association 07/01/2023 05/21/2019 0.00 0.00 (0.00) 2.500 1.356 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B11275 Agency MBS Freddie Mac 01/25/2023 02/27/2018 120,000.00 117,965.63 121,466.40 2,845.96 2.522 1.997 AAA 240907020 RCTC 1-15 Ph RAMP UP RESERVE 38378KWU9 Agency MBS Government National Mortgage Association 11/16/2041 05/03/2019 35,923.45 33,700.68 35,183.06 1,257.16 1.400 2.388 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B3NW4 Agency MBS Freddie Mac 09/25/2022 09/26/2018 82,463A4 81,754.77 83,356.52 1,474.04 2.778 1.938 AAA 240907020 RCTC 1-15 Ph RAMP UP RESERVE 38378KW47 Agency MBS Government National Mortgage Association 08/16/2035 06/13/2019 59,424.35 59,090.09 59,212.80 63.83 2.150 2.512 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AXHN6 Agency MBS Freddie Mac 02/25/2022 0125/2018 58,208.29 57,407.92 58,054.03 364.30 1.749 1.877 AAA 240907020 RCTC 1-15 Ph RAMP UP RESERVE 31418ASD1 Agency MBS Federal National Mortgage Association 04/01/2023 01/31/2018 54,858.48 54,325.70 54,795.39 358.92 2.000 1.996 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136AMM48 Agency MBS Federal National Mortgage Association 07/25/2022 09/26/2018 84,106.36 82,849.42 84,921.35 1,750.43 2.509 1.976 AAA 240907020 RCTC 1-15 Ph RAMP UP RESERVE 3137B1UF7 Agency MBS Freddie Mac 09/25/2022 01/25/2018 30,607.20 30,157.65 30,555.78 251.67 1.785 1.827 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137BQBY2 Agency MBS Freddie Mac 03/25/2022 08/16/2019 63,759.08 64,170.02 63,966.93 (186.35) 2.183 1.968 AAA 240907020 RCTC 1-15 Ph RAMP UP RESERVE 3138EJPZ5 Agency MBS Federal National Mortgage Association 07/01/2022 07/22/2019 24,800.64 25,253.06 25,380.73 6.94 3.022 1.910 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 05/23/2018 24,168.84 24,742.86 25,140.18 511.25 4.000 1.944 AAA 240907020 RCTC 1-15 Ph RAMP UP RESERVE 31418CQM9 Agency MBS Federal National Mortgage Association 10/01/2027 09/11/2019 23,353.56 23,948.35 23,910.54 (39.44) 3.000 2.122 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3140J6DU8 Agency MBS Federal National Mortgage Association 08/01/2031 07/26/2019 82,113.07 82,664.77 82,928.46 261.61 2.500 2.133 AAA 240907020 RCTC 1-15 Ph RAMP UP RESERVE 3138L2GH4 Agency MBS Federal National Mortgage Association 07/01 /2021 07/26/2019 21,604.82 21,488.36 21,588.40 93.70 1.870 1.854 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136A96F0 Agency MBS Federal National Mortgage Association 11/25/2022 02/27/2018 56,377.13 54,643.97 56,820.25 1,643.19 2.184 1.817 AAA 240907020 RCTC 1-15 Ph RAMP UP RESERVE 3137FGZN8 Agency MBS Freddie Mac 02/25/2023 06/18/2019 40,356.28 40,337.36 40,347.81 43.93 2.424 2.312 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3138IQB54 Agency MBS Federal National Mortgage Association 03/01/2021 11/07/2018 56,108.63 57,270.26 57,421.01 643.62 4.410 2.251 AAA 240907020 RCTC I-15 Ph RAMP UP RESERVE 62888VAA6 CMO NCUA Guaranteed Notes Trust 2010-R1 10/07/2020 05/10/2019 0.01 0.01 0.01 0.00 2.679 2.551 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE CCYUSD Currency UNITED STATES OF AMERICA 09/30/2019 (406,160.27) (406,160.27/ 0.000 0.000 AAA 240907020 RCTC 1-15 Ph RAMP UP RESERVE 31846V203 MM Fund First American Funds, Inc. - Government Obligations Fund 09/30/2019 427,856.57 427,856.57 1.670 1.670 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828SA9 TIPS United States Department of The Treasury 01/15/2022 328,723.70 326,362.68 325,443.04 (1,918.36) 0.125 0.563 AAA 240907020 RCTC 1-15 Ph RAMP UP RESERVE 912828UH1 TIPS United States Department of The Treasury 01/15/2023 02/05/2018 83,361.75 82,291.14 82,634.84 (11.50) 0.125 0.391 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 9128286N5 TIPS United States Deparuent of The Treasury 04/15/2024 162,758A0 165,636.73 164,706.62 (856.51) 0.500 0.235 AAA 240907020 RCTC I-15 Ph RAMP UP RESERVE 912828UF5 US Gov United States Department of The Treasury 12/31/2019 335,000.00 328,527.73 334,319.95 339.53 1.125 1.935 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 912828VA5 US Gov 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828 V V9 US Gov 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828B58 US Gov 240907020 RCTC I-15 Pri RAMP UP RESERVE 912828F62 US Gov 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828L57 US Gov 240907020 RCTC 1-15 Pri RAMP UP RESERVE 912828Y53 US Gov 240907020 RCTC I-15 Prj RAMP UP RESERVE 9128285H9 US Gov United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury United States Department of The Treasury 04/30/2020 08/31/2020 01/31/2021 07/05/2018 10/31/2019 02/20/2019 665,000.00 775,000.00 320,000.00 700,000.00 09/302022 --- 110,000.00 07/31/2020 450,000.00 10/312020 12/062018 500,000.00 8,183,282.77 648,627.54 766,685.54 316,212.50 695,132.81 110,892.58 449,998A7 499,986.06 8,204,002.11 662,167.10 776,906.50 321,462.40 699,657.00 110,545.60 449,545.50 499,210.00 2,571.62 1.125 1.861 5,670.59 2.125 1.853 3,454.39 2.125 1.776 234.29 1.500 2.070 AAA AAA AAA AAA (327.45) 1.750 1.580 AAA (439.10) 1.957 2.110 AAA (782.05) 1.959 2.140 AAA 8,254,209.11 31,188.43 Total 65,465,671.78 65,725,863.59 65,773,908.55 34,838.82 127 182 Page 23 of 37 rir RIVERSIDE COUNTY TRANSPORTATION COMMISSION 2017 Financing STAMP Portfolio Transaction Report by Account Quarter ended September 30, 2019 ATTACHMENT 11 Source Beginning Base Base Maturities and Base Base Change In Net Total Realized Amortization/A Net Unrealized Ending Base Ending Accrued 240907004 MIM-RCTC Ton Revere:-I-15 240907094 MIrI-RCTC Toll Revenue: 8141EA58 GOLDMAN SACHS GROUP INC I-15 392274A89 GREATER ORLANDO AVIATION AUTH ORLANDO FLA ARPT FAC 240907004 MIM-RCTC Ton Revere:-I-15 240907094 MIrI-RCTC Toll Revenue:-I-15 240907004 MIM-RCTC Ton Revere:-I-15 240907004 MIrI-RCTC Toll Revenue:-I-15 240907004 MIM-RCTC Ton Revenre:-I-15 40428HPN6 HSBC USA INC (NEW) 17401QAB7 CITIZENS BANK NA 14912L6Y2 CATERPILLAR FINANCIAL SERVICES CORP 615711116 CHAFE 171 A 3130AG5X9 FEDERAL HOME LOAN BANKS 510,290.00 701,911.00 999,730.00 999,950.09 998,880.00 509,575.09 1,701,241.00 240907004 MIrI-RCTC Toll Revenue:-I-15 63873NV99 Natizis, New York Branch 1,501,342.06 (3,984.74) (2,868.23) (1,206.51) (966.04) (843.98) 814.42) (802.05) (678.40) 884.74 957.2 1,696.51 146.04 2,113.98 514.42 (183.95) 507,190.00 709,000.09 1,000,220.00 1,099,130.09 1,000,150.00 509,275.09 1,700,255.00 1,509,735.09 71.34 94.44 12,190.50 9,104.17 7,962.50 4,725.00 484.90 20,468.00 14,652.92 240907004 240907004 240907004 240907004 240907004 240907004 240907004 MIM-RCTC Ton Revere: -I-15 MIrI-RCTC Toll Revenue:- I-15 MIM-RCTC Ton Revere: -I-15 MIrI-RCTC Toll Revenue:- I-15 MIM-RCTC Ton Revere: -I-15 MIrI-RCTC Toll Revenue:- I-15 MIM-RCTC Ton Revere: -I-15 61747YDW2 38013FAD3 06367TPX2 048506DN6 90261XHE5 172967/11 912828Y53 MORGAN STANLEY GMCAR 184 A3 BANK OF MONTREAL ATLANTIC CNTY N J IrIPT AUTH REV UBS AG (STAMFORD BRANCH) CTDGROUP INC UNTIED STATES TREASURY 500,570.00 998,880.00 849,881.00 509,000.09 4, 195.548.00 356,412.11 267,210A0 (499,433.10) (850,000.00) (671.15) (635.61) (594.79) (564.61) (539.68) (459.66) (365.32) (256.70) 815.61 377.68 1,764.61 340.93 578.66 800.32 1075.95 500,750.00 356,195.09 1,000,080.00 267,011.35 509,435.00 3,6%263.00 2,355.56 468.13 6,358.33 2,464.13 1,433.33 12,762.55 _40907004 MIM-RCTC Toll Revenue:-I-15 240907004 MIM-RCTC Ton Revenre:-I-15 240907004 MIM-RCTC Toll Revenue:-I-15 240907004 MIM-RCTC Ton Revenre:-I-15 240907004 MIrI-RCTC Toll Revenue:-I-15 240907004 MIM-RCTC Ton Revere:-I-15 240907004 MIrI-RCTC Toll Revenue:-I-15 240907004 MIM-RCTC Ton Revere:-I-15 240907004 MIrI-RCTC Toll Revenue:-I-15 65602VMU7 Normchulon Bank NY Branch 46625HKA7 WMORGAN CHASE & CO 3134GTAE3 FEDERAL HOME LOAN MORTGAGE CORP 0258MOEE5 AMERICAN EXPRESS CREDIT CORP 70914PPD8 PENNSYLVANIA(COMMONWEALTH OF) 3137B7YX1 FHMS K037 Al 87165LBB6 SYNCT 162 A 3137MXN4 FHMS KI03 A 86564FXA6 Sumitomo Mitsui Trust Bank Ltd. (New York Branch) 499,845.00 1,091,220.09 499,475.00 305,222.65 1,475,824.30 575,469.34 526,271.48 418,012.21 1,509,070.83 (500,275.00) (499,510.00) (1,000,000.00) (305,000.00) (1,500,000.00) (11,577.26) (55,514.21) (140.13) (1,289:55) (147:62) 50.24 (220.95) (201.28) (177.18) (159.81) (146.50) (141.13) (107.12) (77.04) (70.83) (28.10) 1,475,575.25 771.41 (1,042.82) 1,484.36 (76.15) (1,514.67) 562,088.67 578.64 526,743.09 125.11 362,596.31 10,554.44 1,202.47 515.67 149.65 240907004 240907004 240907004 240907004 240907004 240907004 240907004 MIM-RCTC Ton Revere: -I-15 MIrI-RCTC Toll Revenue:- I-15 MIM-RCTC Ton Revere: -I-15 MIrI-RCTC Toll Revenue:- I-15 MIM-RCTC Ton Revere: -I-15 MIrI-RCTC Toll Revenue:- I-15 MIM-RCTC Ton Revere: -I-15 62888UAB6 NGN 10R22A 83050PBF5 Skandinaviska EnsIdIda Banken AB(publ.) 89114MC70 Toronto -Dominion Bally New York Branch 51500VCCI Landesbank Hessen -Thuringen Girozentrale 51500VCC1 Landesbank Hessen-Thiuingen Gnozerdale 912828Y53 UNITED STATES TREASURY 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 254,760.16 1,500,075.00 1,400,056.09 1,250,050.00 449,523.00 500.165.00 850,093.95 (1,500,000.00) (1,400,099.00) (1,250,000.00) (11,563.45) (13.13) (56.64) (53.69) (4590) (30.95) (29.68) (25.29) (24.28) 267.88 27.74 (29.10) (25.06) (20.32) 47.79 119.28 243,394.83 850,068.09 449,54530 500.260.00 455.39 6,71453 1,552/0 1,359.86 _40907004 MIrI-RCTC Toll Revenue:-I-15 62888VAA6 NGN IORI IA 382, 130.42 (40,500.57) (9.84) (18.58) (408.69) 341, 192.75 634.37 240907004 240907004 240907004 240907004 240907004 240907004 240907004 MIM-RCTC Ton Revere: -I-15 MIrI-RCTC Toll Revenue:- I-15 MIM-RCTC Ton Revenue: -I-15 MIrI-RCTC Toll Revenue: - J-15 MIM-RCTC Ton Revere: -I-15 MIrI-RCTC Toll Revenue:- I-15 MIM-RCTC Ton Revere: -I-15 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 65602V1W7 Norinchukin Bank NY Branch 89114QAS7 TORONTO-DOMINION BANK 4590580K3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 31677QBG3 FIFTH THIRD BANK (OHIO) 3130ABQH2 FEDERAL HOME LOAN BANKS 58769DAD2 MBALT 17A A3 300,099.00 1,509,030.09 1,000,000.00 185,061.05 1,509,030.09 85.599.53 500,110.00 (1,500,099.00) (1,000,000.00) (1,500,000.00) (85,637.20) (0.01) (14.63) (12.33) (11.31) (9.31) (8.59) (4.41) (1.94) 71.63 (17.67) 11.31 44.46 1,498.59 (25.59) 39.62 300,156.00 185,096.20 501,600.00 815.92 503.15 3,343.75 240907004 MIrI-RCTC Toll Revenue:-I-15 240907004 MIM-RCTC Ton Revere:-I-15 '40907004 MIrI-RCTC Toll Revenue:-I-15 65478GAC4 NAROT 17B A2B 31846V203 FIRST AMER:GVT OBLGY 4590580K3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 2,827.71 314,888.54 525, 173.25 68,389,772.62 (68,496,264.66) (2,827.63) (0.02) (0.02) (0.04) 99.75 208,396.50 525,273.09 1427.85 240907004 240907004 240907004 240907004 240907004 240907004 240907004 MIM-RCTC Ton Revere: -I-15 MIrI-RCTC Toll Revenue:- I-15 MIM-RCTC Ton Revere: -I-15 MIrI-RCTC Toll Revenue:- I-15 MIM-RCTC Ton Revere: -I-15 MIrI-RCTC Toll Revenue:- I-15 MIM-RCTC Ton Revere: -I-15 56052FHZ1 MAINE ST HSG AUTH MTG PUR 64986U4H7 NEW YORK ST HSG FM AGY REV 65479PAA7 NALT 19A Al 3130AH2K8 FEDERAL HOME LOAN BANKS 072024WU2 BAY AREA TOLL AUTH CALIF TOLL BRDG REV 97689P2K3 WISCONSIN HSG & ECONOMIC DEV AUTH HOME OWNERSHIP R 3135G0U68 FEDERAL NATIONAL MORTGAGE ASSOCIATION 1,409,000.09 463,113.46 375,082.50 1,400,000.00 2,075,000.00 425,000.00 1,409,000.00 (100,000.00) (300,745.54) (0.00) (85.59) 41.50 148.75 (56.25) 1,400,000.00 1,409,000.09 162,282.32 2,075,041.50 425,148.75 1,309,000.09 375,026.25 12,166.58 2,169.42 175.67 2,481.35 119.53 2,123.33 1,471.35 240907004 MIrI-RCTC Toll Revenue:-I-15 3134GTB11 FEDERAL HOME LOAN MORTGAGE CORP 2,509,000.09 (2,500,000.00) 240907004 240907004 240907004 240907004 240907004 240907004 240907004 MIM-RCTC Ton Revere: -I-15 MIrI-RCTC Toll Revenue:- I-15 MIM-RCTC Ton Revere: -I-15 MIrI-RCTC Toll Revenue:- I-15 MIM-RCTC Ton Revere: -I-15 MIrI-RCTC Toll Revenue:- I-15 MIM-RCTC Ton Revere: -I-15 31680YAA5 3130AGHC2 196179G29 45818WCP9 26209AAE1 477870AB5 14315PAB1 MAT 191 Al FEDERAL HOME LOAN BANKS COLORADO HSG & FIN AUTH INTER-AMERICAN DEVELOPMENT BANK DRIVE 194 B JDOT 19B A2 CARMX 193 A2A 323,726.15 2,091,560.09 1,500,000.00 1,509,000.09 259,964.59 289,998.90 379,982.94 (2,000,000.00) (238,744.41) (0.00) 0.53 0.70 2.04 (47.06) (1,560.09) 435.09 (290.12) 667.40 820.62 84,934A8 1,500,000.00 1,509,435.09 259,675.00 290,667.09 380,805.60 91.13 17,428.36 1,189.67 209.37 293.87 373.24 240907094 MIrI-RCTC Toll Revenue:-I-15 65478LAB5 NALT 19B A2A 259,977.25 4.75 428.80 260,410.80 262.31 240907004 MIM-RCTC Ton Revenre:-I-15 240907004 MIrI-RCTC Toll Revenue:-I-15 240907004 MIM-RCTC Ton Revenre:-I-15 240907004 MIrI-RCTC Toll Revenue: -I-15 240907004 MIM-RCTC Ton Revenre:-I-15 240907004 MIrI-RCTC Toll Revenue:-I-15 240907004 MIM-RCTC Ton Revenre:-I-15 477891AB2 JDOT 2019 A2 58769DAD2 MBALT 17A A3 31416BTW8 FN 995265 9128285H9 UNITED STATES TREASURY I OAGE68 FEDERAL HOME LOAN BANKS 64972HV66 NEW YORK N Y CITY TRANSITIONAL FM AUTH BLDG AMR 05522RCW6 BACCT 171 A 533.121.70 5,322.25 5,292,209.00 2,000,580.00 665,172.90 19.355.73 749,677.73 (2,000,000.00) (665,099.00) (5,324.59) 451.30 4.96 7.58 8.50 9.58 20.64 26.20 43.87 (683.36) (5.24) 24.62 (602.58) (1,051.94) (199.10) (171.60) 532,443.30 19,388.85 5,291 A26.09 749,550.00 671 85.05 18,299.75 650.00 240907004 MIrI-RCTC Toll Revenue:-I-15 65479AAD4 NALT 17A A3 305,902.58 (306,058.67) 82.48 45.02 28.59 240907004 240907004 240907004 240907004 240907004 240907004 240907004 MIM-RCTC Ton Revere: -I-15 MIrI-RCTC Toll Revenue:- I-15 MIM-RCTC Ton Revere: -I-15 MIrI-RCTC Toll Revenue:- I-15 MIM-RCTC Ton Revere: -I-15 MIrI-RCTC Toll Revenue:- I-15 MIM-RCTC Ton Revere: -I-15 912828Y53 23336KXQ0 31416BTW8 06051GEN4 21201CX43 780o82AA1 04056BVK3 UNITED STATES TREASURY DTE Electric Company FN 995265 BANK OF AMERICA CORP Cominental Rubber of America, Corp. ROYAL BANK OF CANADA Arizona Public Service Company 1,398,516:00 999,830.09 1,496,190:00 599,100.09 434,512.55 999,572.22 1,499,728.76 (1,500,000.00) 102.67 133.33 190.81 228.54 244.45 267.78 271.24 (32.67) 10.67 552.72 1,011.46 23.33 1,982.22 1,398,586.00 599,244.09 435,256.08 1,001,070.00 999,840.00 1,498,440.00 4,829.07 1,909.18 10,099.00 4,375.00 '40907004 MIrI-RCTC Toll Revenue:-I-15 49327M2P8 KEYBANK NA 998,780.00 (1,000,000.00) 318.16 901.84 240907004 240907004 240907004 240907004 240907004 240907004 240907004 MIM-RCTC Ton Revere: -I-15 MIrI-RCTC Toll Revenue:- I-15 MIM-RCTC Ton Revere: -I-15 MIrI-RCTC Toll Revenue:- I-15 MIM-RCTC Ton Revere: -I-15 MIrI-RCTC Toll Revenue:- I-15 MIM-RCTC Ton Revere: -I-15 05916SUA6 65478DAD9 466400082 97684HVE8 3137B2GW4 97684HU82 02360SU89 Baltimore Gas and Electric Company NAROT 18A A3 LP. Morgan Securities LLC Wisconsin Public Service Corporation FHMS K713 A2 Wisconsin Public Service Corporation Ameren Corporation 603,132.09 849,609.00 577,535.95 1,499,310.09 1,499,310.00 674,670:56 1,199,566.00 (675,000.00) (850,000.00) (1,200,099.00) (1,500,099.00) (1,500,000.00) (27,053.14) 79.23 329.44 355.93 390.05 434.00 467.74 708.75 758.33 (649.93) 0.95 (97.59) (18.75) (68.33) 602,838.00 550,932.20 706.67 1,062.98 240907004 MIrI-RCTC Toll Revenue: -I-15 92780KYD7 Virginia Electric and Power Company 1,499,240.09 (1,500,099.00) 760.00 240907004 MIM-RCTC Ton Revere: -15 313384KM0 FEDERAL HOME LOAN BANKS 240907004 MIrI-RCTC Toll Revenue: -I-15 240907004 MIM-RCTC Ton Revenre:-I-15 240907004 MIrI-RCTC Toll Revenue: -I-15 92780KUA4 Virginia Electric and Power Company 71112KU112 The Peoples Gas Light and Coke Company 69350BUB0 PPG Inlustries, Inc. 1,349,203.50 1,499,010.00 ,834,180.37 499.081.25 (1,835,000.00) (1,350,099.00) (1,500,000.00) (1,500,099.00) 819.63 850.50 918.75 1,083.33 (54.00) (93.33) 240907004 MIM-RCTC Ton Revenre:-I-15 240907004 MIrI-RCTC Toll Revenue:-I-15 240907004 MIM-RCTC Ton Revenre:-I-15 240907094 MIrI-RCTC Toll Revenue:-I-15 43357MWT3 Hitachi Capital America Corp. 02361LX02 Armen Illinois Company 24422E1'18 JOHN DEERE CAPITAL CORP 1, 122,108.75 04056BUH1 Arizona Public Service Company 598,878.67 1,197,740.00 (600,000.00) 1,498,547.51 - (1,500,099.00) 1,121.33 1,130.00 1,216.82 1,452.49 146.00 1,199,016.00 1,460.68 1,124,786.25 6,718.75 183 Page 24 of 37 rir RIVERSIDE COUNTY TRANSPORTATION COMMISSION 2017 Financing STAMP Portfolio Transaction Report by Account Quarter ended September 30, 2019 Base Base Change In Beginning Base Base Maturities and Net Total Realized Amortization/A Net Unrealized Ending Base Ending Accrued 240907004 MIM-RCTC Ton Revere:-I-15 02587AA13 AMXCA 171 A 240907004 MIM-RCTC Toll Revenue: - I-15 50000EX33 Koch Industries, Inc. 240907004 MRV1-RCTC Ton Revere:-I-15 50000EUN2 Koch Industries, Inc. 240907004 MIM-RCTC Toll Revenue: - I-15 06416CAA6 BANK OF NOVA SCOTIA 240907004 MRV1-RCTC Ton Revere:-I-15 23337UX79 DTE Gas Company 648,674.00 1,497,960.00 1,498,033.34 (1,500,000.00) 1,524,329.00 (1,525 000.00) 1,497.184.17 240907004 MIM-RCTC Toll Revenue: - I-15 240907004 MRV1-RCTC Ton Revere:-I-15 78355BUP5 Ryder System, Inc. 9127%V W6 UNTIED STATES TREASURY 1,497,825:00 - 1,996,925.00 (699,457.19) (1,300,000.00) (1,500 000.00) 1,497.33 1,870.00 1,966.66 (684.83) 5.00 649A86.50 1,499,835.00 557.56 2,206.79 2,270.83 2,337.50 (1,535.79) - 50.00 1,499,505.00 (162.50) 55.11 2,477.08 240907004 MIM-RCTC Toll Revenue: - I-15 240907004 MRV1-RCTC Ton Revere:-I-15 17275RBG6 CISCO SYSTEMS INC 63873KWD5 Natixis, New York Branch 1,047,742:50 1,497,287.51 (1,050,000.00) (1,500,000.00) 2,708.98 (451.48) 2,712.49 240907004 MIM-RCTC Toll Revenue: - I-15 97684HV65 Wisconsin Public Service Corporation 1,497,266/5 (1,500,000.00) 2,73335 240907004 MRV1-RCTC Ton Revere:-I-15 36960MW66 General Electric Company 1,497,162.50 - (1,500,000.00) 2,837.50 240907004 MIM-RCTC Toll Revenue: - I-15 02360SW61 Ameren Corporation 1,497,150.00 - (1,500,000.00) 2,850.00 240907004 MRV1-RCTC Ton Revere:-I-15 26055BW91 The Dow Chemical Company 1,497,029.16 - (1,500,000.00) 2,970.84 240907004 MIM-RCTC Toll Revenue: - I-15 97684HV57 Wisconsin Public Service Corporation 1,596,976.00 - (1,600,000.00) 3,024.00 240907004 MRV1-RCTC Ton Revere:-I-15 02360SV70 Ameren Corporation 1,4%,862.50 - (1,500,000.00) 3,137.50 240907004 MIM-RCTC Toll Revenue: - I-15 69350BV86 PPG Industries, Inc. 1,496,850.00 - (1,500,000.00) 3,150.00 240907004 MRV1-RCTC Ton Revere:-I-15 69350BW36 PPG Industries, Inc. 1,546,762.22 - (1,550,000.00) 3,237.78 240907004 MIM-RCTC Toll Revenue: - I-15 240907004 MIM-RCTC Ton Revere:-I-15 240907004 MIM-RCTC Toll Revenue: - I-15 5148X1XA6 Landesbank Baden-Wurttemberg New York Branch 26055BV84 The Dow Chemical Company 912796VY2 UNITED STATES TREASURY 1,495,320.00 1,4%,115.00 - (1,500,000.00) 4,992,222.20 (4,996,278.33) - 3,870.00 75.00 1,499,265.00 3,885.00 - - 167.23 3,888.90 - - 240907004 MRV1-RCTC Ton Revere:-I-15 9127%VX4 UNTIED STATES TREASURY 3,494,658.13 (3,498,706.94) 91.87 3,956.94 240907004 MIM-RCTC Toll Revenue: - I-15 9128282T6 UNITED STATES TREASURY 1,996,560.00 (2,000,000.00) 4,032.45 (592.45) 240907004 MRV1-RCTC Ton Revere:-I-15 313384KH1 FEDERAL HOME LOAN BANKS 2,195,583.50 (2,200,000.00) 4,416.50 240907004 MIM-RCTC Toll Revenue: - I-15 9128282T6 UNITED STATES TREASURY 2,995,546.88 (3,000,000.00) 4,453.12 240907004 MRV1-RCTC Ton Revere:-I-15 9127%VU0 UNTIED STATES TREASURY 3,993,619.12 (4,000,000.00) 6,380.88 240907004 MIM-RCTC Toll Revenue: - I-15 912828UF5 UNITED STATES TREASURY 3,682,092.00 12,267.50 (1,870.50) 3,692,489.00 10,519.36 67,069,23555 140930,87731 (79,189,925.22) (70,305,000.00) (1,085,546.67) (1,29399) 88,648.71 12,70356 57,519,699.44 226,793.61 240907020 RCTC I-15 Prj RAMP UP RESERVE 31283KSN4 FH G11753 302,666.97 - - - (85,724.63) (2,105.77) (1,75895) 3,573.28 216,650.90 874.81 240907020 RCTC I-15 Pry RAMP UP RESERVE 240907020 RCTC I-15 Prj RAMP UP RESERVE 240907020 RCTC I-15 Pry RAMP UP RESERVE 3139216N4 FNR 0323B EQ 31381QB54 FN 467260 38378VC45 GNR 13116D MA 429,568.44 58,006.% 64,921.37 (42,376.18) (31892) (2,775.48) (2,671.01) (4.37) 90.38 (995.86) (158.26) (105.77) 1,941.82 (104.40) 241.22 385,467.21 57,421.01 62,371.73 1,701.77 206.20 117.12 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AYCE9 FHMS K025 A2 240907020 RCTC I-15 Pr1 RAMP UP RESERVE 31381RLL6 FN 468431 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381,11AE8 FN FN0004 240907020 RCTC I-15 Pry RAMP UP RESERVE 38375XCM4 GNR 0847B PC 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B84S3 FHR 4305A CT 46,753.43 31,765.84 31,915.28 107,109.05 102,164.06 (233.80) (199.53) (2,672.25) (10,466.51) (9193) (2.44) (62.97) (1.82) (51.64) (73.42) (48.78) 103.85 (47.80) (73.13) (78.70) 55.55 (6.22) 161.66 101,999.00 46,375.51 31,568.41 29,114.60 %,860.25 223.50 144.76 95.58 117.52 161.32 _40907020 RCTC I-15 Pr, RAMP UP RESERVE 240907020 RCTC I-15 Prj RAMP UP RESERVE 240907020 RCTC I-15 Pd RAMP UP RESERVE 240907020 RCTC I-15 Prj RAMP UP RESERVE '40907020 RCTC I-15 Pd RAMP UP RESERVE 3137ARBX3 FHR 4061C CF 31397QWZ7 FNR 1115E VB 3137FGZN8 FHMS KIO2 A 3134GTAE3 FEDERAL HOME LOAN MORTGAGE CORP 383771M59 GNR IOI I IF PE 43,961.04 53,999.12 50,134.03 175,213.50 36,310.28 (175,000.00) (3,491.97) 48.10 (47.15) (12,368.33) (23.94) (4497) (9,879.73) 3.59 (33.00) (31.01) (2,894.57) 63.03 (30.86) 20.95 40,490.96 42.87 (43.89) 41,517.98 137.48 122.92 40,347.81 16.31 (182.49) - - 51.53 33,499.40 69.90 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381SV18 FN 469617 240907020 RCTC I-15 Pd RAMP UP RESERVE 38377REV3 GNR 10158C HA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3130AEC17 FEDERAL HOME LOAN BANKS 240907020 RCTC I-15 Pry RAMP UP RESERVE 912828Y53 UNITED STATES TREASURY 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AH6C7 FHMS K015 A2 240907020 RCTC I-15 Pry RAMP UP RESERVE 3137BQBY2 FHMS K722 Al 240907020 RCTC I-15 Prj RAMP UP RESERVE 3620ARB67 GN 737261 43,797.67 - - - (275.97) (1.06) (28.76) (27.31) 43,464.57 117.96 40,547.59 - - (2,501.35) (48.52) (22.08) 52.12 38,027.76 108.67 351,858.50 - - - - - (20.81) (133.19) 351,704.50 3,139.06 399,576.00 (74,906.73) - - (107.67) (20.38) 130.54 324,671.75 1,121.04 101994.00 - - - (3,520.12) (4.70) (17.19) (621.40) 97,830.60 259.69 64,674.93 - - (501.68) (3.21) (16.76) (186.35) 63,966.93 115.99 27,180.32 - - - (2,021.24) (39.28) (16.29) 36.67 25,140.18 80.56 240907020 RCTC I-15 Pry RAMP UP RESERVE 38376V2E6 GNR 1019B UA 25,838.10 - - (626.31) (25.42) (11.76) 232.59 25,407.19 80.68 240907020 RCTC I-15 Prj RAMP UP RESERVE 3620A9W V9 GN 723460 240907020 RCTC I-15 Pry RAMP UP RESERVE 912828L57 UNITED STATES TREASURY 240907020 RCTC I-15 Prj RAMP UP RESERVE 62888VAA6 NGN lOR11A 240907020 RCTC I-15 Pd RAMP UP RESERVE 38376YFF3 GNR 1046E CH 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828L57 UNTIED STATES TREASURY 240907020 RCTC I-15 Pd RAMP UP RESERVE 3137A5FP4 FHR 3791E DA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381N7G2 FN 466295 12,618.50 33,997.36 10,639.20 53,364.85 36,314.95 60,433.59 25,231.45 (30,357.59) (801.10) (14.48) (8.88) 87.64 11,881.68 3798 (7.78) (128.21) 60,297.60 2.87 (3,603.25) (27.32) (7.37) (1.83) - - (1,660.04) (11.34) (6.99) (9.13) 8,951.70 29.47 (6.31) (101.14) 25,124.00 1.20 (5,253.71) (4.88) (5.73) 43.42 48,143.95 99.98 (203.76) (0.72) (5.67) (78.71) 36,026.08 97.61 240907020 RCTC I-15 Pd RAMP UP RESERVE 912828L57 UNITED STATES TREASURY 25,227.54 (5.45) (98.09) 25, 124.00 1.20 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378CDK0 GNR 11169G 70,089.00 ( 7,540.38) (49.88) (2.94) 22.06 52,517.86 130.93 240907020 RCTC I-15 Pd RAMP UP RESERVE 383791M99 GNR 1545E AG 23,770.51 2.17) 165.49 23,933.83 49.20 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375/02 GNR 0668 D 10,283.33 - - - (4, 181.01) (0.70) (1.84) (3.08) 6,096.71 2697 240907020 RCTC I-15 Pd RAMP UP RESERVE 62888VAA6 NGN IORI ]A 43,516.63 - (38,857.72) - (4,612.16) 10.02 (1.67) (55.10) 240907020 RCTC I-15 Prj RAMP UP RESERVE 62888VAA6 NGN OR IA 14958.84 - (13,357.33) - (1,585.43) .18 (0.62) (18.63) 0.01 240907020 RCTC I-15 Pr1 RAMP UP RESERVE 31398N2K9 FNR 10123B DL 240907020 RCTC I-15 Prj RAMP UP RESERVE 31846V203 FIRST AMER:GVT OBLGY 484.22 - - - (424.14) 61,060.21 1,012,046.73 (645,250.37) - - 0.12 (0.05) 0.51 60.66 0.18 - - 427,856.57 - 240907020 RCTC I-15 Pry RAMP UP RESERVE 38377F2N0 GNR 1073E LN 389.86 - - - (390.311 (0.02) - 0.47 240907020 RCTC I-15 Prj RAMP UP RESERVE 3134GT1111 FEDERAL HOME LOAN MORTGAGE CORP 125,000.00 - - (125,000.00) - 10.97 - (10.97) 240907020 RCTC I-15 Pry RAMP UP RESERVE 3130AGHC2 FEDERAL HOME LOAN BANKS 100,078.00 - - (100,000.00) - - - (78.00) 240907020 RCTC I-15 Prj RAMP UP RESERVE CCYUSD Payable 240907020 RCTC I-15 Pry RAMP UP RESERVE CCYUSD Receivable 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137EADB2 FREDDIE MAC 240907020 RCTC I-15 Pry RAMP UP RESERVE 38375KCX8 GNR 0726C MA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136A72D3 FNA 12M9 A2 '40907020 RCTC I-15 Pd RAMP UP RESERVE 31418ASD1 FN MA1415 (406,160.27) - 2,446.88 - - - - - - - - 406,425.20 - - - - (265.20) 406,160.00 2,058:33 2,896:07 - - - (2,899.38) - - 3.31 - 3,677.41 - - (372.98) (2.15) 0.71 16.48 3,319.46 6.79 951.92 - - - (97.88) 0.95 0.90 0.29 856.18 1.43 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376P135 GNR 09116C NH 27,621:93 - - - (26,776:96) 7.28 1.60 (14.39) 839.46 2.80 240907020 RCTC I-15 Pd RAMP UP RESERVE 31418CQM9 FN MA3159 23,948.35 - - - 1.64 (39.44) 23,910.54 58.38 240907020 RCTC I-15 Prj RAMP UP RESERVE 9128285H9 UNTIED STATES TREASURY 499,265:00 - - - - - 1.85 (56.85) 499,210.00 1,726.39 240907020 RCTC I-15 Pd RAMP UP RESERVE 314016DU8 FN BM1914 84,429.36 - - (1,752.81) (11.89) 2.18 261.61 82,928.46 171.07 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136A72D3 FNA 12M9 A2 - 14,710.22 - - (1,491.94) (8.67) 2.84 65.38 13,277.83 27.16 240907020 RCTC I-15 Pr1 RAMP UP RESERVE 31418AU48 FN MA1502 27,978.04 - (25,059.45) - (2,878.45) 350.29 3.10 (393.53) - - 240907020 RCTC I-15 Prj RAMP UP RESERVE 38377QKH9 GNR 1118A PG - 23,807.65 - - (560.75) (10.31) 4.31 60.52 23,301.42 57.06 240907020 RCTC I-15 Pd RAMP UP RESERVE 38378DDC6 GNR 1216E GB 59,061.0 (15,998.20) (3 34) 4.42 (15.21) 43,015.71 125.06 240907020 RCTC I-15 Prj RAMP UP RESERVE 138L2GH4 FN AM1999 21,580.71 - - (92.85) 0.50 6.35 93.70 21,588.40 33.67 240907020 RCTC I-15 Pry RAMP UP RESERVE 38378HXH4 GNR 12119 KB 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376YPU9 GNR 1050D EA 240907020 RCTC I-15 Pry RAMP UP RESERVE 7A1MF8 FHMS K016 A2 240907020 RCTC I-15 Prj RAMP UP RESERVE 38379HLE3 GNR 14184H WIC 240907020 RCTC I-15 Pry RAMP UP RESERVE 912828Y53 UNITED STATES TREASURY 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375CBH2 GNR 1257E LD 240907020 RCTC I-15 Pd RAMP UP RESERVE 3136AC714 FNA 13M6 2A 7,487.50 0,675.22 96,758.94 79,879.% 124,867.50 16,560.49 42,485.55 (500.15) 24.74 6.96 1.51 7,020.56 7.45 (4,991.22) 32.54 10.63 8.02 25,735.19 53.56 (516.29) 1.62 19.72 (320.69) 95,943.29 233.92 (7,755.33) 13.49 21.02 12.58 72,171.72 204.79 22.11 (15.86) 124,873.75 431.17 (10,206.76) 23.72 22.79 5.60 6,405.84 6.68 (1,181.80) 13.90 33.97 125.63 41,477.25 88.28 184 Page 25 of 37 rir RIVERSIDE COUNTY TRANSPORTATION COMMISSION 2017 Financing STAMP Portfolio Transaction Report by Account Quarter ended September 30, 2019 Beginning Base Base Base Change In Base Maturities and Net Total Realized Amortization/A Net Unrealized Ending Base Ending Accrued 240907020 RCTC I-15 Pp RAMP UP RESERVE 3137B1UF7 FHMS K027 Al 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378AWX5 GNR 11157E QA 210907020 RCTC I-15 Pp RAMP UP RESERVE 3137ASR97 FHMS K020 Al 240907020 RCTC I-15 Pry RAMP UP RESERVE 383742C76 GNR 0832B PA 240907020 RCTC I-15 Pp RAMP UP RESERVE 38378BXQ7 GNR 1289 A 240907020 RCTC I-15 Pry RAMP UP RESERVE 31418ASD1 FN MA1415 240907020 RCTC I-15 Pp RAMP UP RESERVE 383781CW47 GNR 13138 A 240907020 RCTC I-15 Pry RAMP UP RESERVE 3137B3NW4 RIMS K031 Al 240907020 RCTC I-15 Pp RAMP UP RESERVE 3137AXHN6 FHMS K024 Al 240907020 RCTC I-15 Pry RAMP UP RESERVE 3136A96F0 FNA 12M17 A2 33,017.16 121,409.06 27,827.30 72,747.88 19,418.91 59,970.72 60,556.39 89,767.14 63,524.55 63,695.30 240907020 RCTC I-15 Pp RAMP UP RESERVE 9128286N5 UNTIED STATES TREASURY 240907020 RCTC 1-15 Pry RAMP UP RESERVE 3136AMM48 FNA 15M4B AV2 240907020 RCTC I-15 Pp RAMP UP RESERVE 9128286N5 UNTIED STATES TREASURY 88,594.58 82,841.95 82,516.38 (3,776.38) 43.98 101.87 (2,564.88) (20,025.88) (2428.15) 27.54 (8558) 37.76 4.28 42.35 44.25 41.68 2.18 13.81 30,555.78 101,342.13 25,494.% 45.53 251.84 57 (5,120.37) (1,573.23) (6,166.14) (95.07) 15.68 52.17 47.07 48.38 51.52 (94039) 66,638.92 (22.93) 17,886.81 0.94 53,939/1 218.55 23.09 90.00 (1,440.64) 7.89 62.57 26.59 59,212.80 106A7 (6,447.49) 49.38 63.94 (76.45) 83,356.52 90.90 (5,663.73) 55.14 65.34 (7, 135.89) 152.83 66.17 72.74 58,054.03 41.85 56,820.25 101.64 (590.28) 82,353.31 (42.71) 84,921.35 103.16 (266.23) 82,353.31 84.84 02.60 187.88 75.85 187.88 240907020 RCTC 1-15 Pry RAMP UP RESERVE 3137B1U75 RIMS KS01 A2 120,980.40 42 374.58 121A66.40 252.20 240907020 RCTC I-15 Pp RAMP UP RESERVE 3138EJPZ5 FN AL2239 34,255.78 (8,841.43) ( 61.45) 120.89 6.94 25,380.73 62A6 240907020 RCTC I-15 Pry RAMP UP RESERVE 3137ATRW4 RIMS K020 A2 00,717.00 83.06 (29.06) 100,871.00 97.75 240907020 RCTC I-15 Pp RAMP UP RESERVE 38378KWU9 GNR 1396 A 5,702.17 (1,280.27) 76.54 196.44 488.19 35,183.06 41.9 240907020 RCTC I-15 Pry RAMP UP RESERVE 9128281JF5 UNITED STATES TREASURY 89,080.40 - (99,664.06) - - 30.82 334.57 35.57 89,817.30 255.88 240907020 RCTC I-15 Pp RAMP UP RESERVE 912828B58 UNTIED STATES TREASURY 21,462.40 - - - - - 369.00 (369.00) 321,462.40 1, 145.65 240907020 RCTC I-15 PO RAMP UP RESERVE 912828SA9 UNITED STATES TREASURY 78,523.86 - - - - - 372.02 (340.66) 78,555.22 21.02 240907020 RCTC I-15 Pp RAMP UP RESERVE 912828SA9 UNTIED STATES TREASURY 78,523.86 - - - - - 378.09 (346.73) 78,555.22 21.02 240907020 RCTC I-15 PO RAMP UP RESERVE 912828UH1 UNITED STATES TREASURY 82,549.86 - - - - - 396.17 (311.19) 82,634.84 22.09 240907020 RCTC I-15 Pp RAMP UP RESERVE 912828V V9 UNTIED STATES TREASURY 476,111.50 - - - - - 500.96 (443.96) 476,168.50 859.6 240907020 RCTC I-15 PO RAMP UP RESERVE 912828V V9 UNITED STATES TREASURY 00,702.00 - - - - - 514.89 (478.89) 300,738.00 542.9 240907020 RCTC I-15 Pp RAMP UP RESERVE 912828VA5 UNTIED STATES TREASURY 163,788.90 - - - - - 606.62 (98.42) 164,297.10 776.80 240907020 RCTC I-15 PO RAMP UP RESERVE 912828SA9 UNITED STATES TREASURY 68,265.41 - - - - - 749.93 (682.74) 168,332.61 45.05 240907020 RCTC I-15 Pp RAMP UP RESERVE 912828UF5 UNTIED STATES TREASURY 243,814.20 - - - - - 812.31 (123.86) 244,502.65 6%.55 240907020 RCTC I-15 PO RAMP UP RESERVE 912828VA5 UNITED STATES TREASURY 496,330.00 - - - - - 1,691.67 (151.67) 497,870.00 2,353.94 240907020 RCTC I-15 Pp RAMP UP RESERVE 912828E62 UNTIED STATES TREASURY 698,551.00 - - - - - 1,770.35 (664.35) 699,657.00 4,394.02 8,204,094.7E 2,158,127.51 (927,453.25) (400,000.00) (373,642.09) (4,281.44) 6,381.52 (410.72) 8,254,209.11 28,092.28 75,273,330/7 143,089,005.02 (80,117,378.47) (70,705,000.00) (1,459.188.76) (5,575.43) 95,030.23 12,292.84 65,773,90855 254,885.89 185 Page 26 of 37 186 FrRIVERSIDE COUNTY TRANSPORTATION COMMISSION 2017 Financing STAMP Portfolio Summary of Investments for quarter ended September 30, 2019 ATTACHMENT 12 Credit Rating Base Market Value + Accrued 50,000,000 40,000.000 _ 30,000.000 20,000 000 10.000.000 AA NA I A-1, A-2 Asset Class Cash(-0.512%) Money MarKet Funds (0.954%) Fixed Income (U9.545%) Chart calculated by: Base Market Value r Accrued `Negative cash reflects securities in transit at month end Other (17.559%) C9 15.843%) AGCY BONG" 17.478%] ABS (B.120%) VRON (8.532%) Security Type US GOV CP (11.05064) Industry Group Other (20.098%) Electric (2.729%) Credit Card ABS� (3.577%) Commercial MOS (3.965%) Multi -National (4.583%) US Municipals 00.663%) Sovereign (36.279%) BanKa [18.025%) Chart calculated by: Base Market Value r Accrued CORP (13.154%) Chart calculated by: Base Market Value r Accrued Market Sector Other (5.346%) Industrial (7.02170 Agency (7A75%)_' Asset Backed (5.120%) �• Mortgage Baelma (8.445%) Municipsl {10.663%) Government 03.370%] Financial (19.557%) Chart calculated by: Base Markel Value + Accrued 187 188 PERIVERSIDE COUNTY TRANSPORTATION COMMISSION 2017 Financing STAMP Portfolio Sales Tax 115 ELP Project Revenue Fund Summary of Investments for quarter ended September 30, 2019 ATTACHMENT 13 t� Credit Rating Base Market Value + Accrued 40,000,000 30,000,000 20,000,000 10,000,000 0 AAA AA= AA AA- A 1 A - NA A-1+ A-2 Asset Class Cash (0.006%)., Money Market Funds 10.361%) Fixed Income (99.531%) Chart calculsted 6y: Base Market value + Accrued *Negative cash reflects securities in transit at month end Security Type Industry Group Other (19.2R5%) AulcmOh lie ASS (2.920%) Electric (3.174%)J Credit Card ABSr (4.205%) Multi -National (5.223%) US Municipal.. (12.192%) ----Sovereign (32.469%) Banks 003309%) Chart calculated 6y: Base Market Value . Accrued Market Secto Other (4.739%) Utility (5.710%) � Agency (7.229%) Industrial (8.028%)`- Asset Sacked (9.2a4%) Municipal (12.192%) Government (30.463..0) Financial (22.3131%) Chart calculated 6y: Base Market Value + Accrued 189 190 rijr RIVERSIDE COUNTY TRANSPORTATION COMMISSION 2017 Financing STAMP Portfolio Ramp Up Fund Summary of Investments for quarter ended September 30, 2019 ATTACHMENT 14 Credit Rating Base Market Value + Accrued 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 1� Asset Class Cash (-4.933%) Money Market Funds 15.107%) ,-Fixed Income (99.766%) Chart Calculated 6y: Base Markel Value + Accnmd *Negative cash reflects securities in transit at month end Industry Group Other (0.234%) GNMA Collateral (0.449%) Agency Going PAC CMO (2.132%) FGLMC Collateral (2.827%) FNMA Collateral (5.i 27%) Agency Collet CMO/ (12.603%) Commercial MRS' (13.772%) Sovereign (62.858%) Chart calculated 6y: Base Market Value + Accrued. Security Type Other (9.264%) FNMA CMO (3.361%) TIPS {6.924%)— rsitagi rpormv. . FNMA (7.345Ye) FHLMC CMO (7.354%) GNMACMCV (7.801%) AGCY BOND (9218%) US GOV (46.717%) Chart Calculated 6y: Base Markel value + Accrued Market Sector Cash (0.234%) Agency (9.218%) Modge go Backed (36.910%) "Government (53.640%) Chart Calculated 6y: Base Market Value + AGCrued 191 192 OFRIVERSIDE COUNTY TRANSPORTATION COMMISSION Payden & Rygel Operating Portfolio by Investment Category for Quarter ended September 30, 2019 ATTACHMENT 15 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM CUSIP Security Type Category Issuer Next Call Final Maturity Trade Date Date Original Cost Base Market Value Unrealized Gain/Loss Accrued Income Coupon Yield Credit Rating Ul UdilUNZ I axaote Muni ALAMtUA l:N I Y l:A J I Z.bbb% b/U1/Z1 Ub/U1/ZUZI U4/Z4/ZUlif Z0b,000.UU Z0b,d4Z.i30 3,134Z.db Z,43b.1U Z.b/U ZA:SZ31 /Z4/4 HA+ AA+ 037833DL1 Credit APPLE INC 1.700% 9/11/22 09/11/2022 09/11/2019 524,910.75 524,181.00 (729.75) 495.83 1.700 1.703867780 053015AD5 Credit AUTOMATIC DATA 2.250% 9/15/20 09/15/2020 09/15/2015 08/15/2020 451,930.72 451,242.00 (688.72) 450.00 2.250 2.242688834 AA 05582QAD9 Asset -Backed BMW VEHICLE OWNER 1.160% 11/25/20 11/25/2020 07/20/2016 9,898.14 9,889.78 (8.36) 1.91 1.160 1.160034801 N/A 05584PAD9 Asset -Backed BMW VEHICLE LEASE 2.070% 10/20/20 10/20/2020 10/25/2017 66,639.23 66,633.95 (5.28) 42.15 2.070 2.070000000 N/A 05588CAC6 Asset -Backed BMW VEHICLE OWNER 1.920% 1/25/24 01/25/2024 09/18/2019 329,955.65 330,138.60 182.95 228.80 1.920 1.922653262 AAA 06050TMJ8 Credit BANK OF AMERICA MTN 3.335% 1/25/23 01/25/2023 01/25/2019 01/25/2022 520,000.00 533,842.40 13,842.40 3,179.37 3.340 3.254198257 A+ 06406FAA1 Credit BANK OF NY MTN 2.500% 4/15/21 04/15/2021 02/19/2016 03/15/2021 755,648.77 755,745.00 96.23 8,645.83 2.500 2.479101177 A 06406RAK3 Credit BANK OF NY MTN 1.950% 8/23/22 08/23/2022 08/23/2019 99,968.00 100,054.00 86.00 205.83 1.950 1.954319045 A 072024WN8 Taxable Muni BAY AREA CA TOLL 2.184% 4/01/23 04/01/2023 09/26/2019 680,000.00 682,910.40 2,910.40 206.27 2.180 2.177163706 AA 084670BQ0 Credit BERKSHIRE HATHAWAY 2.200% 3/15/21 03/15/2021 03/15/2016 02/15/2021 466,436.01 473,444.49 7,008.48 460.53 2.200 2.189141856 AA 13063BFS6 Taxable Muni CALIFORNIA ST BUILD 6.650% 3/01/22 03/01/2022 04/01/2010 466,154.70 463,492.25 (2,662.45) 2,355.21 6.650 6.147844094 AA- 13063DGA0 Taxable Muni CALIFORNIA ST 2.800% 4/01/21 04/01/2021 04/25/2018 500,008.42 507,275.00 7,266.58 7,000.00 2.800 2.767865086 AA- 13066YTY5 Taxable Muni CALIFORNIA ST DEPT 1.713% 5/01/21 05/01/2021 09/28/2016 102,868.78 103,862.21 993.43 741.69 1.710 1.712571857 AA 13077CT38 Taxable Muni CALIFORNIA ST 1.982% 11/01/19 11/01/2019 08/05/2015 130,110.80 130,014.30 (96.50) 1,073.58 1.980 1.981980180 AA- 144141 DC9 Credit PROG ENERGY CAROLINA 2.800% 5/15/22 05/15/2022 05/18/2012 02/15/2022 253,792.50 254,737.50 945.00 2,644.44 2.800 2.745447949 A 156549AA5 Taxable Muni CENTURY HOUSING CORP 3.824% 11/01/20 11/01/2020 02/07/2019 110,000.00 111,338.70 1,338.70 1,752.67 3.820 3.779888699 AA- 166764AU4 Credit CHEVRON CORP 3.05025% 3/03/22 03/03/2022 03/03/2015 503,177.62 502,770.00 (407.62) 1,186.21 2.660 3.031846591 AA 17325FAQ1 Credit CITIBANK NA 3.400% 7/23/21 07/23/2021 07/23/2018 06/23/2021 254,855.00 255,872.50 1,017.50 1,605.56 3.400 3.325313460 A+ 17325FAY4 Credit CITIBANK NA 2.844% 5/20/22 05/20/2022 05/22/2019 05/20/2021 511,772.50 515,202.00 3,429.50 5,197.41 2.840 2.812778162 A+ 20772JKP6 Taxable Muni CONNECTICUT ST 2.401% 10/15/21 10/15/2021 11/16/2012 120,216.00 120,663.60 447.60 1,328.55 2.400 2.389316244 A 20772KGM5 Taxable Muni CONNECTICUT ST SER A 2.921% 4/15/23 04/15/2023 04/11/2019 301,695.00 307,464.00 5,769.00 4,138.08 2.920 2.861116825 A 210518CT1 Credit CONSUMERS ENERGY CO 2.850% 5/15/22 05/15/2022 05/08/2012 02/15/2022 380,906.25 382,616.25 1,710.00 4,037.50 2.850 2.797243979 A 212204JC6 Taxable Muni CONTRA COSTA CA 1.652% 8/01/22 08/01/2022 09/12/2019 300,000.00 298,866.00 (1,134.00) 261.57 1.650 1.662072157 AA+ 30231GAV4 Credit EXXON MOBIL 2.222% 3/01/21 03/01/2021 03/03/2016 02/01/2021 495,685.00 502,620.00 6,935.00 925.83 2.220 2.211649480 AA+ 30231GBB7 Credit EXXON MOBIL 1.902% 8/16/22 08/16/2022 08/16/2019 300,000.00 301,305.00 1,305.00 713.25 1.900 1.897559710 AA+ 3130AF5B9 Agencies F H L B DEB 3.000% 10/12/21 10/12/2021 10/12/2018 619,597.00 636,436.20 16,839.20 8,731.67 3.000 2.926258291 AA+ 3130AGWK7 Agencies F H L B DEB 1.500% 8/15/24 08/15/2024 08/16/2019 149,647.50 149,190.00 (457.50) 281.25 1.500 1.513485153 AA+ 3134GBTL6 Agencies F H L M C M T N 2.100% 6/29/22 06/29/2022 06/29/2017 12/29/2019 484,720.00 500,440.00 15,720.00 2,683.33 2.100 2.099769025 AA+ 3135GOW33 Agencies FNMA 1.375% 9/06/22 09/06/2022 09/06/2019 597,912.00 595,746.00 (2,166.00) 572.92 1.380 1.386563943 AA+ 3136131XP4 Mortgage -Backed F N M A GTD REMIC 3.560% 9/25/21 09/25/2021 04/01/2018 157,075.96 158,136.64 1,060.68 460.61 3.560 3.497843324 N/A 3137ATRW4 Mortgage -Backed F H L M C MULTICLASS 2.373% 5/25/22 05/25/2022 09/01/2012 190,988.56 191,654.90 666.34 375.73 2.370 2.356715099 N/A 3137131U75 Mortgage -Backed F H L M C MLTCL MTG 2.522% 1/25/23 01/25/2023 05/07/2013 160,739.29 161,955.20 1,215.91 336.27 2.520 2.493154601 N/A 3137636J2 Mortgage -Backed F H L M C MLTCL MTG 3.320% 2/25/23 02/25/2023 07/01/2013 386,757.48 385,380.90 (1,376.58) 1,023.67 3.320 3.203149506 N/A 3137BQR90 Mortgage -Backed F H L M C MLTCL MTG 2.272% 1/25/23 01/25/2023 07/01/2016 250,784.87 252,027.50 1,242.63 473.33 2.270 2.256228960 N/A 3137FJYA1 Mortgage -Backed F H L M C MLTCL MT 9.43859% 5/25/23 05/25/2023 11/01/2018 247,284.87 254,660.85 7,375.98 711.79 3.450 9.178914120 N/A 31846V203 FIRST AM GOVT OB FD CL Y • 863,961.88 863,961.88 - 1,447.12 1.431238000 41284WAC4 Asset -Backed HARLEY DAVIDSON 2.340% 2/15/24 02/15/2024 06/26/2019 589,954.33 592,271.50 2,317.17 613.60 2.340 2.332838187 N/A 419792YL4 Taxable Muni HAWAII ST SER FX 2.770% 1/01/22 01/01/2022 02/21/2019 190,000.00 193,598.60 3,598.60 1,315.75 2.770 2.715766150 AA+ 43814PAC4 Asset -Backed HONDA AUTO 1.790% 9/20/21 09/20/2021 09/29/2017 102,669.74 102,594.61 (75.13) 66.37 1.790 1.791469405 AAA 43815NAC8 Asset -Backed HONDA AUTO 1.780% 8/15/23 08/15/2023 08/27/2019 249,997.93 249,470.00 (527.93) 197.78 1.780 1.787884571 AAA 45750TAG8 Taxable Muni INLAND VLY CA DEV 3.627% 3/01/20 03/01/2020 05/15/2014 230,767.35 231,426.00 658.65 695.18 3.630 3.606658446 AA 46647PBB1 Credit JPMORGAN CHASE CO 3.207% 4/01/23 04/01/2023 03/22/2019 04/01/2022 1,050,000.00 1,075,588.50 25,588.50 17,678.59 3.210 3.135970273 A- 47787XAC1 Asset -Backed JOHN DEERE OWNER 1.780% 4/15/21 04/15/2021 03/02/2017 95,820.71 95,744.27 (76.44) 75.82 1.780 1.780908263 N/A 47789JAD8 Asset -Backed JOHN DEERE OWNER 2.910% 7/17/23 07/17/2023 03/13/2019 259,968.05 264,648.80 4,680.75 336.27 2.910 2.864004094 N/A 478160CH5 Credit JOHNSON JOHNSON 1.950% 11/10/20 11/10/2020 11/10/2017 249,732.50 250,112.50 380.00 1,909.38 1.950 1.951697977 AAA 544445AZ2 Taxable Muni LOS ANGELES CA DEPT 2.092% 5/15/20 05/15/2020 12/06/2016 98,788.00 100,035.00 1,247.00 790.31 2.090 2.089450870 AA 58769TAD7 Asset -Backed MERCEDES BENZ 1.940% 3/15/24 03/15/2024 09/25/2019 269,962.82 270,307.80 344.98 87.30 1.940 1.942389139 AAA 65478BAD3 Asset -Backed NISSAN AUTO LEASE 3.250% 9/15/21 09/15/2021 10/24/2018 199,982.52 202,246.00 2,263.48 288.89 3.250 3.217216563 AAA 65478NAD7 Asset -Backed NISSAN AUTO 3.220% 6/15/23 06/15/2023 12/12/2018 449,913.78 460,138.50 10,224.72 644.00 3.220 3.159526660 AAA 65479KAD2 Asset -Backed NISSAN AUTO 2.900% 10/16/23 10/16/2023 02/13/2019 319,951.52 325,203.20 5,251.68 412.44 2.900 2.851496052 N/A 697379UD5 Taxable Muni PALO ALTO CA 2.291% 8/01/20 08/01/2020 08/14/2012 321,873.50 326,105.00 4,231.50 1,240.96 2.290 2.281190879 AAA 717081EM1 Credit PFIZER INC 3.000% 9/15/21 09/15/2021 09/07/2018 249,662.50 255,062.50 5,400.00 333.33 3.000 2.940657531 AA- 78607QAT2 Taxable Muni SACRAMENTO CA 2.712% 11/01/19 11/01/2019 05/30/2018 130,000.00 130,061.10 61.10 1,469.00 2.710 2.711945761 AA+ 797299LR3 Taxable Muni SAN DIEGO CA PUBLIC 2.698% 10/15/19 10/15/2019 06/21/2018 500,000.00 500,130.00 130.00 6,220.39 2.700 2.698000000 N/R 797299LT9 Taxable Muni SAN DIEGO CA PUBLIC 2.994% 10/15/21 10/15/2021 06/21/2018 200,000.00 204,544.00 4,544.00 2,761.13 2.990 2.931213409 AA- 797669XT0 Taxable Muni SAN FRANCISCO CA 2.169% 7/01/20 07/01/2020 12/28/2017 100,000.00 100,125.00 125.00 542.25 2.170 2.163353647 AA+ 79770GGM2 Taxable Muni SAN FRANCISCO CITY 2.000% 8/01/20 08/01/2020 11/30/2017 - - - 299,607.00 300,183.00 576.00 1,000.00 2.000 1.996486184 AA- OFRIVERSIDE COUNTY TRANSPORTATION COMMISSION Payden & Rygel Operating Portfolio by Investment Category for Quarter ended September 30, 2019 Account Number: 001050990415 CUSIP Security Type Category Name: RIVERSIDE COUNTY TRANS COMM Issuer Next Call Final Maturity Trade Date Date Original Cost Base Market Value Unrealized Gain/Loss Accrued Income Coupon Yield Credit Rating /ViS1 NAUU laxame Muni WAN JVJt CA KtUtV Z.Z0U7o 2U01/LU Ub/Ul(LUZU 1Z/Z1/ZU1/ 1VO,Uuu.uU 1UU,033.VU 033.UU /10.30 Z.LbU L.2013yUS01 fiA AA- 79876CBQ0 Taxable Muni SAN MARCOS CA REDEV 2.000% 10/01/20 10/01/2020 12/14/2017 109,256.40 109,849.30 592.90 1,100.00 2.000 1.999720039 801096AP3 Taxable Muni SANTA ANA_CACMNTY 3.346% 9/01/21 09/01/2021 11/08/2018 240,000.00 246,338.40 6,338.40 669.20 3.350 3.263339608 AA 80136PCY7 Taxable Muni SANTA BARBARA CA 3.300% 12/01/21 12/01/2021 11/28/2018 125,000.00 128,393.75 3,393.75 1,375.00 3.300 3.218476003 AA 80168FMA1 Taxable Muni SANTA CLARA VLY CA 2.387% 6/01/21 06/01/2021 03/30/2016 397,756.00 403,432.00 5,676.00 3,182.67 2.390 2.365778963 N/A 857477AS2 Credit STATE STREET CORP 2.550% 8/18/20 08/18/2020 08/18/2015 790,887.90 791,719.36 831.46 2,400.12 2.550 2.537161960 A 882723UC1 Taxable Muni TEXAS ST REF WTR 2.036% 8/01/20 08/01/2020 02/05/2015 i 250,582.38 250,390.00 (192.38) 848.33 2.040 2.030679619 AAA 88579YBF7 Credit 3M COMPANY MTN 2.750% 3/01/22 03/01/2022 02/22/2019 02/01/2022 249,882.50 256,130.00 6,247.50 572.92 2.750 2.694044692 AA- 89238MAD0 Asset -Backed TOYOTA AUTO 1.730% 2/16/21 02/16/2021 03/15/2017 122,384.63 122,277.86 (106.77) 94.11 1.730 1.731281148 AAA 89238UAD2 Asset -Backed TOYOTA AUTO 1.910% 9/15/23 09/15/2023 08/14/2019 249,997.95 249,950.00 (47.95) 212.22 1.910 1.912352193 AAA 89239AAD5 Asset -Backed TOYOTA AUTO 2.910% 7/17/23 07/17/2023 02/13/2019 339,938.05 345,565.80 5,627.75 439.73 2.910 2.863722248 AAA 90290AAC1 Asset -Backed USAA AUTO OWNER 1.700% 5/17/21 05/17/2021 09/20/2017 48,577.43 48,527.17 (50.26) 36.71 1.700 1.701275957 AAA 90331 HNG4 Credit US BANK NA MTN 2.050% 10/23/20 10/23/2020 10/24/2017 09/23/2020 249,950.00 250,340.00 390.00 2,249.31 2.050 2.045255008 AA- 90331HPA5 Credit US BANK NA MTN 3.000% 2/04/21 02/04/2021 02/04/2019 01/04/2021 519,578.80 526,396.00 6,817.20 2,470.00 3.000 2.960594487 AA- 91159HHQ6 Credit US BANCORP MTN 2.92275% 1/24/22 01/24/2022 01/24/2017 12/23/2021 251,487.21 251,350.00 (137.21) 1,400.48 2.920 2.906791713 A+ 911759MU9 Agencies U S DEPT HSG & URB 2.570% 8/01/21 08/01/2021 03/28/2019 100,000.00 100,984.00 984.00 428.33 2.570 2.547556031 N/A 9128284T4 Treasuries U S TREASURY NT 2.625% 6/15/21 06/15/2021 06/15/2018 5,697,513.82 5,706,042.20 (462.42) 43,531.97 2.630 2.586997014 N/A 9128284W7 Treasuries U S TREASURY NT 2.750% 8/15/21 08/15/2021 08/15/2018 1,936,875.39 1,972,867.95 35,992.56 6,796.16 2.750 2.699810522 N/A 9128285A4 Treasuries U S TREASURY NT 2.750% 9/15/21 09/15/2021 09/15/2018 507,948.05 520,898.70 12,950.65 616.48 2.750 2.696395654 N/A 9128285F3 Treasuries U S TREASURY NT 2.875% 10/15/21 10/15/2021 10/15/2018 1,026,577.07 1,055,142.30 28,565.23 13,673.53 2.880 2.810444099 N/A 9128285L0 Treasuries U S TREASURY NT 2.875% 11/15/21 11/15/2021 11/15/2018 1,036,078.03 1,061,278.65 25,200.62 11,239.45 2.880 2.807452688 N/A 9128287C8 Treasuries U S TREASURY NT 1.750% 7/15/22 07/15/2022 07/15/2019 2,704,796.44 2,700,625.50 (4,170.94) 9,977.85 1.750 1.745844889 N/A 9128287F1 Treasuries U S TREASURY NT 1.750% 7/31/21 07/31/2021 07/31/2019 4,382,609.02 4,376,161.70 (7,259.78) 12,884.38 1.750 1.748024732 N/A 912828Y20 Treasuries U S TREASURY NT 2.625% 7/15/21 07/15/2021 07/16/2018 249,619.14 254,062.50 4,443.36 1,390.96 2.630 2.584602660 N/A 912828YA2 Treasuries U S TREASURY NT 1.500% 8/15/22 08/15/2022 08/15/2019 5,692,861.67 5,671,924.50 (20,937.17) 10,891.10 1.500 1.505933378 N/A 912828YC8 Treasuries U S TREASURY NT 1.500% 8/31/21 08/31/2021 09/03/2019 4,390,359.12 4,382,122.65 (8,879.49) 5,016.03 1.500 1.504755026 N/A 91412G2S3 Taxable Muni UNIV OF CALIFORNIA 2.112% 5/15/21 05/15/2021 09/28/2017 140,000.00 140,569.80 569.80 1,117.01 2.110 2.103543754 AA- 91412HDJ9 Taxable Muni UNIV OF CA 3.283% 5/15/22 05/15/2022 06/05/2018 285,890.41 295,097.55 9,207.14 3,534.70 3.280 3.180092216 AA- 931142EA7 Credit WALMART STORES INC 1.900% 12/15/20 12/15/2020 10/20/2017 489,760.00 501,110.00 11,350.00 2,797.22 1.900 1.898538126 AA 931142EJ8 Credit WALMART INC 3.125% 6/23/21 06/23/2021 06/27/2018 129,993.50 132,934.10 2,940.60 1,105.90 3.130 3.056683132 AA 94988J5T0 Credit WELLS FARGO MTN 3.625% 10/22/21 10/22/2021 10/23/2018 09/21/2021 529,941.70 545,348.80 15,407.10 8,485.52 3.630 3.516617838 A+ 94988J6A0 Credit WELLS FARGO MTN 2.082% 9/09/22 09/09/2022 09/11/2019 09/09/2021 550,000.00 548,735.00 (1,265.00) 636.17 2.080 2.085963330 A+ 1 1 - 1 � 53,145,854.11 53,461,309.17 305,008.78 258,979.51 194 lUir RIVERSIDE COUNTY TRANSPORTATION COMMISSION Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Payden & Rygel Operating Portfolio Transaction Report Quarter ended September 30, 2019 ATTACHMENT 16 Transaction Settlement Date Trade Date Date Miscellaneous CUSIP Descri .tion Units Price Commissions SEC Fees Fees Net Cash Amount Amount O erm Federal Tax Cost Gain/Loss Amount ong erm Gain/Loss Amount of anoroo x� ov nni cn 0 nnnnnn _.._..__._ 07/01/2019 07/01/2019 07/01/2019 _._.__.__ 31846V203 .... _..__. _......__ _... .._... _ ...... _..--'- -' ___.. - -"-- PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y -'---- 8,235.0300 1.000000 - - _,___.-- - (8,235.03) 8,235.03 - - - - 07/01/2019 = 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SI- 0.0000 0.000000 - - - 467.37 - 07/01/2019 419792YL4 INTEREST EARNED ON HAWAII ST SER FX 2.770 % 1/01/22 $1 PV ON 0.0000 0.000000 - - - 1,900.53 - - - 07/01/2019 797669XT0 INTEREST EARNED ON SAN FRANCISCO CA 2.169% 7/01/20 $1 PV OI 0.0000 0.000000 - - - 1,084.50 - - - 07/02/2019 07/02/2019 07/02/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 467.3700 1.000000 - - - (467.37) 467.37 - - 07/09/2019 07/09/2019 07/09/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 35,727.6500 1.000000 - - - (35,727.65) 35,727.65 - - 07/09/2019 07/08/2019 07/09/2019 9128284P2 SOLD PAR VALUE OF U S TREASURY NT 2.625% 5/15/21 /CITIGROUI -890,000.0000 1.013044 - - - 901,608.74 (889,376.96) - 12,231.78 07/09/2019 07/09/2019 9128284P2 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.6', 0.0000 0.000000 - - - 3,491.68 - - - 07/09/2019 9128286V7 AMORTIZED PREMIUM ON U S TREASURY NT 2.125% 5/31/21 CURRI 0.0000 0.000000 - - - - (1,166.61) - - 07/09/2019 07/08/2019 07/09/2019 9128286V7 SOLD PAR VALUE OF U S TREASURY NT 2.125% 5/31/21 /BOFA SEC -2,665,000.0000 1.004297 - - - 2,676,451.17 (2,676,499.90) (48.73) - 07/09/2019 07/09/2019 9128286V7 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.1, 0.0000 0.000000 - - - 6,034.48 - - - 07/09/2019 07/08/2019 07/09/2019 9128286Y1 PURCHASED PAR VALUE OF U S TREASURY NT 1.750% 6/15/22 /BM' 3,555,000.0000 0.997969 - - - (3,547,778.91) 3,547,778.91 - - 07/09/2019 07/09/2019 9128286Y1 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 1.7 0.0000 0.000000 - - - (4,079.51) - - - 07/15/2019 07/15/2019 07/15/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 115,689.8300 1.000000 - - - (115,689.83) 115,689.83 - - 07/15/2019 07/15/2019 07/15/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 33,563.6400 1.000000 - - - (33,563.64) 33,563.64 - - 07/15/2019 41284WAC4 INTEREST EARNED ON HARLEY DAVIDSON 2.340 % 2/15/24 $1 PV Of 0.0000 0.000000 - - - 728.65 - - - 07/15/2019 47787XAC1 INTEREST EARNED ON JOHN DEERE OWNER 1.780% 4/15/21 $1 PV I 0.0000 0.000000 - - - 215.78 - - - 07/15/2019 07/15/2019 07/15/2019 47787XAC1 PAID DOWN PAR VALUE OF JOHN DEERE OWNER 1.780% 4/15/21 -14,745.3500 26.463218 - - - 14,745.35 (14,743.25) - 2.10 07/15/2019 47789JAD8 INTEREST EARNED ON JOHN DEERE OWNER 2.910% 7/17/23 $1 PV I 0.0000 0.000000 - - - 630.50 - - - 07/15/2019 58769DAD2 INTEREST EARNED ON MERCEDES BENZ AUTO 1.790 % 4/15/20 $1 PV 0.0000 0.000000 - - - 48.98 - - - 07/15/2019 07/15/2019 07/15/2019 58769DAD2 PAID DOWN PAR VALUE OF MERCEDES BENZ AUTO 1.790 % 4/15/20 C -32,834.9900 0.000000 - - - 32,834.99 (32,834.24) - 0.75 07/15/2019 65478BAD3 INTEREST EARNED ON NISSAN AUTO LEASE 3.250 % 9/15/21 $1 PV O 0.0000 0.000000 - - - 541.67 - - - 07/15/2019 65478NAD7 INTEREST EARNED ON NISSAN AUTO 3.220 % 6/15/23 $1 PV ON 1: 0.0000 0.000000 - - - 1,207.50 - - - 07/15/2019 65479BAD2 INTEREST EARNED ON NISSAN AUTO LEASE 2.050 % 9/15/20 $1 PV O 0.0000 0.000000 - - - 375.83 - - - 07/15/2019 07/15/2019 07/15/2019 65479BAD2 PAID DOWN PAR VALUE OF NISSAN AUTO LEASE 2.050% 9/15/20 -31,343.8000 12.449333 - - - 31,343.80 (31,338.32) - 5.48 07/15/2019 65479KAD2 INTEREST EARNED ON NISSAN AUTO 2.900 % 10/16/23 $1 PV ON 7 0.0000 0.000000 - - - 773.33 - - - 07/15/2019 89190BAD0 INTEREST EARNED ON TOYOTA AUTO 1.760 % 7/15/21 $1 PV ON 5 0.0000 0.000000 - - - 556.16 - - - 07/15/2019 07/15/2019 07/15/2019 89190BAD0 PAID DOWN PAR VALUE OF TOYOTA AUTO 1.760 % 7/15/21 -30,085.2100 12.970141 - - - 30,085.21 (30,082.90) - 2.31 07/15/2019 89238MAD0 INTEREST EARNED ON TOYOTA AUTO 1.730 % 2/16/21 $1 PV ON 2 0.0000 0.000000 - - - 271.06 - - - 07/15/2019 07/15/2019 07/15/2019 89238MAD0 PAID DOWN PAR VALUE OF TOYOTA AUTO 1.730% 2/16/21 -21,176.8500 18.426225 - - - 21,176.85 (21,174.36) - 2.49 07/15/2019 89239AAD5 INTEREST EARNED ON TOYOTA AUTO 2.910 % 7/17/23 $1 PV ON 8 0.0000 0.000000 - - - 824.50 - - - 07/15/2019 90290AAC1 INTEREST EARNED ON USAA AUTO OWNER 1.700 % 5/17/21 $1 PV C 0.0000 0.000000 - - - 111.09 - - - 07/15/2019 07/15/2019 07/15/2019 90290AAC1 PAID DOWN PAR VALUE OF USAA AUTO OWNER 1.700% 5/17/21 -9,500.9700 41.070481 - - - 9,500.97 (9,499.97) - 1.00 07/15/2019 912828Y20 INTEREST EARNED ON U S TREASURY NT 2.625 % 7/15/21 $1 PV ON 0.0000 0.000000 - - - 3,281.25 m- - - 07/17/2019 07/15/2019 07/17/2019 037833CS7 SOLD PAR VALUE OF APPLE INC 1.800% 5/11/20 /MORGAN STAP -485,000.0000 0.997500 - - - 483,787.50 (484,505.30) - (717.80) 07/17/2019 07/17/2019 037833CS7 RECEIVED ACCRUED INTEREST ON SALE OF APPLE INC 1.800% 0.0000 0.000000 - - - 1,600.50 - - - 07/17/2019 07/15/2019 07/17/2019 084664CK5 SOLD PAR VALUE OF BERKSHIRE HATHAWAY 1.300 % 8/15/19 /TD SE( -160,000.0000 0.999060 - - - 159,849.60 (159,844.80) - 4.80 07/17/2019 07/17/2019 084664CK5 RECEIVED ACCRUED INTEREST ON SALE OF BERKSHIRE HATHAWAY 0.0000 0.000000 - - - 878.22 - - - 07/17/2019 166764AN0 AMORTIZED PREMIUM ON CHEVRON CORP 2.193 % 11/15/19 CURF 0.0000 0.000000 - - - - (342.98) - - 07/17/2019 07/15/2019 07/17/2019 166764AN0 SOLD PAR VALUE OF CHEVRON CORP 2.193% 11/15/19 /TD SECUF -500,000.0000 0.999620 - - - 499,810.00 (500,626.74) - (816.74) 07/17/2019 07/17/2019 166764AN0 RECEIVED ACCRUED INTEREST ON SALE OF CHEVRON CORP 2.1 0.0000 0.000000 - - - 1,888.42 - - - 07/17/2019 07/15/2019 07/17/2019 17275RAX0 SOLD PAR VALUE OF CISCO SYSTEMS INC 2.450% 6/15/20/PERSHIN -600,000.0000 1.002410 - - - 601,446.00 (599,952.00) - 1,494.00 07/17/2019 07/17/2019 17275RAX0 RECEIVED ACCRUED INTEREST ON SALE OF CISCO SYSTEMS INC 2. 0.0000 0.000000 - - - 1,306.67 - - - 07/17/2019 07/15/2019 07/17/2019 17275RBG6 SOLD PAR VALUE OF CISCO SYSTEMS INC 1.400 % 9/20/19 /J.P. MOR, -40,000.0000 0.998080 - - - 39,923.20 (39,955.60) - (32.40) 07/17/2019 07/17/2019 17275RBG6 RECEIVED ACCRUED INTEREST ON SALE OF CISCO SYSTEMS INC 1. 0.0000 0.000000 - - - 182.00 - - - 07/17/2019 07/17/2019 07/17/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 2,740,289.5400 1.000000 - - - (2,740,289.54) 2,740,289.54 - - 07/17/2019 07/15/2019 07/17/2019 594918BV5 SOLD PAR VALUE OF MICROSOFT CORP 1.850 % 2/06/20 /MORGAN -500,000.0000 0.998160 - - - 499,080.00 (499,665.00) - (585.00) 07/17/2019 07/17/2019 594918BV5 RECEIVED ACCRUED INTEREST ON SALE OF MICROSOFT CORP 1 0.0000 0.000000 - - - 4,136.81 - - - 07/17/2019 07/15/2019 07/17/2019 742718EZ8 SOLD PAR VALUE OF PROCTER GAMBLE CO 1.750 % 10/25/19 /PERSF -150,000.0000 0.998480 - - - 149,772.00 (149,947.50) - (175.50) 07/17/2019 07/17/2019 07/17/2019 742718EZ8 931142DY6 RECEIVED ACCRUED INTEREST ON SALE OF PROCTER GAMBLE CO 0.0000 0.000000 - - - 597.92 - -- - 07/17/2019 07/15/2019 SOLD PAR VALUE OF WALMART STORES INC 1.750 % 10/09/19 /TD SE( -295,000.0000 0.998730 - - - 294,625.35 (294,994.10) (368.75) 07/17/2019 07/17/2019 931142DY6 31846V203 RECEIVED ACCRUED INTEREST ON SALE OF WALMART STORES INC ME 0.0000 0.000000 - - 1.000000 - - - 1,405.35 - 3,049,659.64 - (3,049,659.64) - - 07/18/2019 07/18/2019 07/18/2019 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -3,049,659.6400 07/18/2019 43814PAC4 INTEREST EARNED ON HONDA AUTO 1.790% 9/20/21 $1 PV ON 1'' 0.0000 0.000000 - - - 194.94 - -- - 07/18/2019 07/18/2019 07/18/2019 43814PAC4 PAID DOWN PAR VALUE OF HONDA AUTO 1.790 % 9/20/21 -9,157.2100 0.000000 - - - 9,157.21 (9,156.22) - 0.99 07/18/2019 07/18/2019 07/16/2019 07/18/2019 9128286M7 9128286M7 AMORTIZED PREMIUM ON U S TREASURY NT 2.250 % 4/15/22 CURRI SOLD PAR VALUE OF U S TREASURY NT 2.250 % 4/15/22 /J.P. MORG 0.0000 0.000000 - - 1.010352 - - - - - 1,848,943.36 (61.64) - - -1,830,000.0000 (1,828,735.38) 20,207.98 - 07/18/2019 07/18/2019 9128286M7 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.2 0.0000 0.000000 - - - 10,575.00 - - - 07/18/2019 9128286U9 AMORTIZED PREMIUM ON U S TREASURY NT 2.125% 5/15/22 CURRI 0.0000 0.000000 - - - - (798.93) - - 07/18/2019 07/16/2019 07/18/2019 9128286U9 SOLD PAR VALUE OF U S TREASURY NT 2.125% 5/15/22 /HSBC SEC -2,490,000.0000 1.007383 - - - 2,508,383.20 (2,512,070.97) (3,687.77) - 07/18/2019 07/18/2019 9128286U9 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.1, 0.0000 0.000000 - - - 9,202.17 - - - 07/18/2019 07/16/2019 07/18/2019 9128287A2 PURCHASED PAR VALUE OF U S TREASURY NT 1.625% 6/30/21 /CIT 3,730,000.0000 0.995391 - - - (3,712,807.03) 3,712,807.03 - - 07/18/2019 07/18/2019 9128287A2 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 1.E 0.0000 0.000000 - - - (2,964.74) - - - 07/18/2019 07/16/2019 07/18/2019 912828WG1 PURCHASED PAR VALUE OF U S TREASURY NT 2.250% 4/30/21 /BOI 3,680,000.0000 1.006133 - - - (3,702,568.75) 3,702,568.75 - - 07/18/2019 07/18/2019 912828WG1 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.2 0.0000 0.000000 - - - (17,775.00) - - - 07/22/2019 05584PAD9 INTEREST EARNED ON BMW VEHICLE LEASE 2.070 % 10/20/20 $1 PV ( 0.0000 0.000000 - - - 165.92 - - 07/22/2019 07/20/2019 07/22/2019 05584PAD9 PAID DOWN PAR VALUE OF BMW VEHICLE LEASE 2.070% 10/20/20 -6,262.4700 0.000000 - - - 6,262.47 (6,262.46) - 0.01 07/22/2019 07/22/2019 07/22/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 6,428.3900 1.000000 - - - (6,428.39) 6,428.39 - - 07/23/2019 07/23/2019 07/23/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 3,907.3100 1.000000 - - - (3,907.31) 3,907.31 - - 07/23/2019 N 94988J5Q6 INTEREST EARNED ON WELLS FARGO MTN 3.0915% 7/23/21 $1 PV C 0.0000 0.000000 - - - 3,907.31 - - - 07/24/2019 07/24/2019 07/24/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 2,03,5.500 1.000000 - - - (2,035.58) 2,035.58 - - Page 32 of 37 1051r RIVERSIDE COUNTY TRANSPORTATION COMMISSION Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COM Payden & Rygel Operating Portfolio Transaction Report Quarter ended September 30, 2019 Transaction Settlement Date Trade Date Date CUSIP Descri•tion Units Price Miscellaneous Commissions SEC Fees Fees o erm Federal Tax Cost Gain/Loss Net Cash Amount Amount Amount ong erm Gain/Loss Amount 07/24/2019 07/24/2019 07/25/2019 07/25/2019 07/25/2019 07/25/2019 07/25/2019 07/25/2019 07/25/2019 07/25/2019 07/25/2019 07/25/2019 07/25/2019 07/25/2019 07/25/2019 07/25/2019 91159HHQ6 INTEREST EARNED ON US BANCORP MTN 3.22113% 1/24/22 $1 PV C 91159HHQ6 AMORTIZED PREMIUM ON US BANCORP MTN 3.22113% 1/24/22 CUR TRUST FEES COLLECTED CHARGED FOR PERIOD 06/01/2019 THRU OI 05582QAD9 INTEREST EARNED ON BMW VEHICLE OWNER 1.160% 11/25/20 $1 PV 05582QAD9 PAID DOWN PAR VALUE OF BMW VEHICLE OWNER 1.160% 11/25/20 06050TMJ8 INTEREST EARNED ON BANK OF AMERICA MTN 3.335% 1/25/23 $1 PV 3136B1XP4 INTEREST EARNED ON FNMA GTD REMIC 3.560% 9/25/21 $1 PV ON 3136B1XP4 AMORTIZED PREMIUM ON FNMA GTD REMIC 3.560% 9/25/21 CURRI 3136B1XP4 PAID DOWN PAR VALUE OF FNMA GTD REMIC 3.560% 9/25/21 3136B1XP4 INTEREST EARNED ON FNMA GTD REMIC 3.560% 9/25/21 $1 PV ON 3137B1U75 INTEREST EARNED ON F H L M C MLTCL MTG 2.522% 1/25/23 $1 PV OI 3137131 U75 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.522% 1/25/23 CURE 0.0000 0.0000 0.0000 0.0000 -19,294.1000 0.0000 0.0000 0.0000 -319.1200 0.0000 0.0000 0.0000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 2,035.58 (553.27) (147.24) 65.11 19,294.10 (19,294.01) 0.09 8,671.00 482.56 (78.03) 319.12 0.03 (323.17) (4.05) 336.27 (23.07) 07/25/2019 3137BNN26 INTEREST EARNED ON F H L M C MLTCL MT 1.77998% 7/25/19 $1 PV OI 0.0000 0.000000 1.60 07/25/2019 3137BNN26 AMORTIZED PREMIUM ON F H L M C MLTCL MT 1.77998% 7/25/19 CURE 0.0000 0.000000 (0.28) 07/25/2019 07/25/2019 07/25/2019 3137BNN26 MATURED PAR VALUE OF F H L M C MLTCL MT 1.77998% 7/25/19 1,076,-1,076.1200 1.000000 1,076.12 (1,076.12) 07/25/2019 3137FGZN8 INTEREST EARNED ON F H L M C MLTCL 2.6305% 2/25/23 $1 PV ON 0.0000 0.000000 352.39 07/25/2019 3137FJXN4 INTEREST EARNED ON F H L M C MLTCL 2.6805% 2/25/23 $1 PV ON 4 0.0000 0.000000 401.35 07/25/2019 07/25/2019 07/25/2019 3137FJXN4 PAID DOWN PAR VALUE OF F H L M C MLTCL 2.6805% 2/25/23 -11,274.7600 0.000000 11,274.76 (11,274.76) 07/25/2019 3137FJYA1 INTEREST EARNED ON F H L M C MLTCL MTG 3.454% 5/25/23 $1 PV OI 0.0000 0.000000 1,252.92 07/25/2019 07/25/2019 07/25/2019 3137FJYA1 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 3.454 % 5/25/23 -17,321.4600 0.000000 17,321.46 (17,320.99) 0.47 07/25/2019 07/25/2019 07/25/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 30,940.7800 1.000000 (30,940.78) 30,940.78 07/25/2019 07/25/2019 07/25/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 33,012.7000 1.000000 (33,012.70) 33,012.70 07/25/2019 07/23/2019 07/25/2019 9128285Z9 SOLD PAR VALUE OF U S TREASURY NT 2.500% 1/31/24 /NATWEST-261,000.0000 1.029453 268,687.27 (260,898.05) 7,789.22 07/25/2019 07/25/2019 9128285Z9 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.51 0.0000 07/25/2019 07/23/2019 07/25/2019 9128287A2 PURCHASED PAR VALUE OF U S TREASURY NT 1.625% 6/30/21 /BM 535,000.0000 0.000000 0.996016 3,154.35 (532,868.36) 532,868.36 07/25/2019 07/25/2019 9128287A2 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 1.E 0.0000 0.000000 (590.61) 07/25/2019 07/23/2019 07/25/2019 912828W71 SOLD PAR VALUE OF U S TREASURY NT 2.125% 3/31/24 /CITIGROUI-260,000.0000 1.013555 263,524.22 (257,623.44) 5,900.78 07/25/2019 07/25/2019 912828W71 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.1, 0.0000 0.000000 1,751.09 07/30/2019 07/26/2019 07/30/2019 144141 DC9 PURCHASED PAR VALUE OF PROG ENERGY CAROLINA 2.800% 5/15/2: 250,000.0000 1.015170 (253,792.50) 253,792.50 07/30/2019 07/30/2019 144141DC9 PAID ACCRUED INTEREST ON PURCHASE OF PROG ENERGY CAROLIf 0.0000 0.000000 (1,458.33) 07/30/2019 07/26/2019 07/30/2019 17325FAQ1 PURCHASED PAR VALUE OF CITIBANK NA 3.400% 7/23/21 /BMO C 250,000.0000 1.019420 (254,855.00) 254,855.00 07/30/2019 07/30/2019 17325FAQ1 PAID ACCRUED INTEREST ON PURCHASE OF CITIBANK NA 3.400° 0.0000 07/30/2019 07/26/2019 07/30/2019 17325FAY4 PURCHASED PAR VALUE OF CITIBANK NA 2.844 % 5/20/22 /BOFA 1 250,000.0000 0.000000 1.007090 (165.28) (251,772.50) 251,772.50 07/30/2019 07/30/2019 17325FAY4 PAID ACCRUED INTEREST ON PURCHASE OF CITIBANK NA 2.844° 0.0000 0.000000 (1,343.00) 07/30/2019 07/26/2019 07/30/2019 210518CT1 PURCHASED PAR VALUE OF CONSUMERS ENERGY CO 2.850% 5/15/2 375,000.0000 1.015750 (380,906.25) 380,906.25 07/30/2019 07/30/2019 210518CT1 PAID ACCRUED INTEREST ON PURCHASE OF CONSUMERS ENERGY C 0.0000 0.000000 (2,226.56) 07/30/2019 07/25/2019 07/30/2019 3137ATRW4 PURCHASED PAR VALUE OF F H L M C MULTICLASS 2.373% 5/25/22 AN 190,000.0000 1.005508 (191,046.48) 191,046.48 07/30/2019 07/30/2019 3137ATRW4 PAID ACCRUED INTEREST ON PURCHASE OF F H L MC MULTICLASS 2 0.0000 0.000000 (363.20) 07/30/2019 07/30/2019 07/30/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 12,931.0100 1.000000 (12,931.01) 12,931.01 07/30/2019 9128284T4 AMORTIZED PREMIUM ON U S TREASURY NT 2.625% 6/15/21 CURRI 0.0000 0.000000 (4,269.98) 07/30/2019 07/26/2019 07/30/2019 9128284T4 SOLD PAR VALUE OF U S TREASURY NT 2.625% 6/15/21 /CITIGROUI-615,000.0000 1.013786 623,478.21 (614,687.70) 8,790.51 07/30/2019 07/30/2019 9128284T4 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.6, 0.0000 0.000000 1,984.89 07/30/2019 9128286Y1 FED BASIS OF U S TREASURY NT 1.750% 6/15/22 ADJUSTED BY -411 0.0000 0.000000 (418.74) 07/30/2019 9128286Y1 FED BASIS OF U S TREASURY NT 1.750% 6/15/22 ADJUSTED BY 418 0.0000 0.000000 418.74 07/30/2019 9128286Y1 FED BASIS OF U S TREASURY NT 1.750% 6/15/22 ADJUSTED BY -111 0.0000 0.000000 (1,180.88) 07/30/2019 9128286Y1 FED BASIS OF U S TREASURY NT 1.750% 6/15/22 ADJUSTED BY 118 0.0000 0.000000 1,180.88 07/30/2019 9128286Y1 AMORTIZED PREMIUM ON U S TREASURY NT 1.750% 6/15/22 CURRI 0.0000 0.000000 (84.66) 07/30/2019 07/25/2019 07/30/2019 9128286Y1 SOLD PAR VALUE OF U S TREASURY NT 1.750% 6/15/22 /HSBC SEC-190,000.0000 0.998398 189,695.70 (189,695.70) 07/30/2019 07/30/2019 9128286Y1 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.7 0.0000 0.000000 408.81 07/30/2019 07/26/2019 07/30/2019 9128286Y1 SOLD PAR VALUE OF U S TREASURY NT 1.750% 6/15/22 /NOMURA f-535,000.0000 0.998395 534,141.37 (534,141.37) 07/30/2019 07/30/2019 9128286Y1 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.7 0.0000 0.000000 1,151.13 07/31/2019 07/31/2019 07/31/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 187,102.9300 1.000000 (187,102.93) 187,102.93 07/31/2019 912828WG1 AMORTIZED PREMIUM ON U S TREASURY NT 2.250% 4/30/21 CURRI 0.0000 07/31/2019 07/26/2019 07/31/2019 912828WG1 SOLD PAR VALUE OF U S TREASURY NT 2.250% 4/30/21 /BMO CAP--185,000.0000 0.000000 1.005742 (441.14) 186,062.30 (186,112.39) (50.09) 07/31/2019 07/31/2019 912828WG1 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.2 0.0000 0.000000 1,040.63 08/01/2019 07/29/2019 08/01/2019 3137BQR90 PURCHASED PAR VALUE OF F H L M C MLTCL MTG 2.272% 1/25/23 /PE 250,000.0000 1.003281 (250,820.31) 250,820.31 08/01/2019 08/01/2019 08/01/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 11,740.5500 1.000000 (11,740.55) 11,740.55 08/01/2019 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SI- 0.0000 0.000000 501.93 08/01/2019 697379UD5 INTEREST EARNED ON PALO ALTO CA 2.291% 8/01/20 $1 PV ON 3; 0.0000 0.000000 3,722.88 08/01/2019 79770GGM2 INTEREST EARNED ON SAN FRANCISCO CITY 2.000% 8/01/20 $1 PV C 0.0000 0.000000 3,000.00 08/01/2019 798170AC0 INTEREST EARNED ON SAN JOSE CA REDEV 2.259% 8/01/20 $1 PV O 0.0000 0.000000 2,146.05 08/01/2019 882723UC1 INTEREST EARNED ON TEXAS ST REF WTR 2.036% 8/01/20 $1 PV OP 0.0000 0.000000 2,545.00 08/01/2019 882723UC1 AMORTIZED PREMIUM ON TEXAS ST REF WTR 2.036% 8/01/20 CURF 0.0000 0.000000 (287.29) 08/01/2019 911759MU9 INTEREST EARNED ON U S DEPT HSG & URB 2.570% 8/01/21 $1 PV OI 0.0000 0.000000 878.08 08/01/2019 9128286Y1 AMORTIZED PREMIUM ON U S TREASURY NT 1.750% 6/15/22 CURRI 0.0000 0.000000 (4.04) 08/01/2019 07/29/2019 08/01/2019 9128286Y1 SOLD PAR VALUE OF U S TREASURY NT 1.750% 6/15/22 /BMO CAP--250,000.0000 0.998828 249,707.03 (250,044.00) (336.97) 08/01/2019 08/01/2019 9128286Y1 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.7 0.0000 0.000000 561.82 08/02/2019 08/02/2019 08/02/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 501.9300 1.000000 (501.93) 501.93 08/05/2019 08/05/2019 08/05/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 7,800.0000 1.000000 (7,800.00) 7,800.00 08/05/2019 90331HPA5 INTEREST EARNED ON US BANK NA MTN 3.000% 2/04/21 $1 PV ON 0.0000 0.000000 7,800.00 08/07/2019 08/07/2019 08/07/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 91,606.3300 1.000000 (91,606.33) 91,606.33 08/07/2019 9128286V7 AMORTIZED PREMIUM ON U S TREASURY NT 2.125% 5/31/21 CURRI 0.000000 (711.01) Page 33 of 37 1051r RIVERSIDE COUNTY TRANSPORTATION COMMISSION Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COM Payden & Rygel Operating Portfolio Transaction Report Quarter ended September 30, 2019 Transaction Settlement Date Trade Date Date CUSIP Descri•tion o erm ong erm Miscellaneous Federal Tax Cost Gain/Loss Gain/Loss Units Price Commissions SEC Fees Fees Net Cash Amount Amount Amount Amount 08/07/2019 08/05/2019 08/07/2019 9128286V7 SOLD PAR VALUE OF U S TREASURY NT 2.125% 5/31/21 /NOMURA f-3,925,000.0000 1.008750 3,959,343.75 (3,941,225.99) 18,117.76 08/07/2019 08/07/2019 9128286V7 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.1, 0.0000 0.000000 15,496.24 08/07/2019 08/05/2019 08/07/2019 9128287C8 PURCHASED PAR VALUE OF U S TREASURY NT 1.750% 7/15/22 /BOI 3,210,000.0000 1.005547 08/07/2019 08/07/2019 9128287C8 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 1.7 0.0000 0.000000 08/07/2019 08/05/2019 08/07/2019 9128287F1 PURCHASED PAR VALUE OF U S TREASURY NT 1.750% 7/31/21 /BOI 4,280,000.0000 1.002969 (3,227,805.47) 3,227,805.47 (3,510.94) (4,292,706.25) 4,292,706.25 08/07/2019 08/07/2019 9128287F1 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 1.7 0.0000 0.000000 (1,424.73) 08/07/2019 912828WG1 AMORTIZED PREMIUM ON U S TREASURY NT 2.250 % 4/30/21 CURRI 0.0000 0.000000 08/07/2019 08/05/2019 08/07/2019 912828WG1 SOLD PAR VALUE OF U S TREASURY NT 2.250% 4/30/21 /CITIGROUI-3,495,000.0000 1.010234 08/07/2019 08/07/2019 912828WG1 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.2 0.0000 0.000000 08/07/2019 08/05/2019 08/07/2019 91412G2R5 SOLD PAR VALUE OF UNIV OF CALIFORNIA 1.877 % 5/15/20 /JANNEY h-90.000.0000 0.998940 (224.94) 3,530,769.14 (3,515,790.28) 14,978.86 21,155.20 89,904.60 (90,000.00) - (95.40) 08/07/2019 ■ 08/07/2019 91412G2R5 RECEIVED ACCRUED INTEREST ON SALE OF UNIV OF CALIFORNIA 1., 0.0000 0.000000 384.79 - 08/08/2019 08/08/2019 08/08/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 135.457.4200 1.000000 (135,457.42) 135,457.42 08/08/2019 ■ 9128287F1 AMORTIZED PREMIUM ON U S TREASURY NT 1.750% 7/31/21 CURRI 0.0000 0.000000 1 (17.91) 08/08/2019 08/06/2019 08/08/2019 9128287F1 SOLD PAR VALUE OF U S TREASURY NT 1.750% 7/31/21 /BOFA SEC-135,000.0000 1.003008 135,406.06 (135,400.22) 5.84 08/08/2019 08/08/2019 9128287F1 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.7 0.0000 0.000000 51.36 08/14/2019 08/14/2019 08/14/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -516,012.8600 1.000000 516,012.86 (516,012.86) 08/14/2019 08/06/2019 08/14/2019 89238UAD2 PURCHASED PAR VALUE OF TOYOTA AUTO 1.910 % 9/15/23 /J.P. r 250,000.0000 0.999992 (249,997.95) 249,997.95 08/14/2019 08/12/2019 08/14/2019 9128287F1 PURCHASED PAR VALUE OF U S TREASURY NT 1.750% 7/31/21 /BOI 265,000.0000 1.003164 - - - (265,838.48) 265,838.48 08/14/2019 08/14/2019 9128287F1 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 1.7 0.0000 0.000000 (176.43) 08/15/2019 08/15/2019 08/15/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 431,037.5500 1.000000 (431,037.55) 431,037.55 08/15/2019 41284WAC4 INTEREST EARNED ON HARLEY DAVIDSON 2.340 % 2/15/24 $1 PV Or 0.0000 0.000000 1,150.50 08/15/2019 47787XAC1 INTEREST EARNED ON JOHN DEERE OWNER 1.780% 4/15/21 $1 PV I 0.0000 0.000000 193.91 08/15/2019 08/15/2019 08/15/2019 47787XAC1 PAID DOWN PAR VALUE OF JOHN DEERE OWNER 1.780% 4/15/21-20.152.2800 20.571973 20,152.28 (20,149.41) - 2.87 08/15/2019 47789JAD8 INTEREST EARNED ON JOHN DEERE OWNER 2.910% 7/17/23 $1 PV I 0.0000 0.000000 - - - 630.50 08/15/2019 65478BAD3 INTEREST EARNED ON NISSAN AUTO LEASE 3.250 % 9/15/21 $1 PV O 0.0000 0.000000 - - - 541.67 08/15/2019 65478NAD7 INTEREST EARNED ON NISSAN AUTO 3.220 % 6/15/23 $1 PV ON 1: 0.0000 0.000000 - - - 1,207.50 08/15/2019 65479BAD2 INTEREST EARNED ON NISSAN AUTO LEASE 2.050 % 9/15/20 $1 PV O 0.0000 0.000000 322.29 08/15/2019 08/15/2019 08/15/2019 65479BAD2 PAID DOWN PAR VALUE OF NISSAN AUTO LEASE 2.050% 9/15/20-40,116.3000 10.334257 - - - 40,116.30 (40,109.29) - 7.01 08/15/2019 65479KAD2 INTEREST EARNED ON NISSAN AUTO 2.900 % 10/16/23 $1 PV ON 7 0.0000 0.000000 - - - 773.33 08/15/2019 89190BAD0 INTEREST EARNED ON TOYOTA AUTO 1.760 % 7/15/21 $1 PV ON 5 0.0000 0.000000 512.03 08/15/2019 08/15/2019 08/15/2019 89190BAD0 PAID DOWN PAR VALUE OF TOYOTA AUTO 1.760 % 7/15/21 -33.073.9100 12.534719 33,073.91 (33,071.37) - 2.54 08/15/2019 89238MAD0 INTEREST EARNED ON TOYOTA AUTO 1.730 % 2/16/21 $1 PV ON 2 0.0000 0.000000 - - - 240.53 08/15/2019 08/15/2019 08/15/2019 89238MAD0 PAID DOWN PAR VALUE OF TOYOTA AUTO 1.730 % 2/16/21 -23.024.7000 18.005541 23,024.70 (23,021.99) - 2.71 08/15/2019 89239AAD5 INTEREST EARNED ON TOYOTA AUTO 2.910 % 7/17/23 $1 PV ON 8 0.0000 0.000000 - - - 824.50 08/15/2019 90290AAC1 INTEREST EARNED ON USAA AUTO OWNER 1.700 % 5/17/21 $1 PV C 0.0000 0.000000 97.63 08/15/2019 08/15/2019 08/15/2019 90290AAC1 PAID DOWN PAR VALUE OF USAA AUTO OWNER 1.700% 5/17/21-10,535.6400 39.349500 - - - 10,535.64 (10,534.53) - 1.11 08/15/2019 9128284T4 AMORTIZED PREMIUM ON U S TREASURY NT 2.625% 6/15/21 CURRI 0.0000 0.000000 - - - - (2,129.69) 08/15/2019 08/14/2019 08/15/2019 9128284T4 SOLD PAR VALUE OF U S TREASURY NT 2.625% 6/15/21 /BOFA SEC-265,000.0000 1.018395 269,874.70 (268,681.45) 720.67 472.58 08/15/2019 08/15/2019 9128284T4 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.6', 0.0000 0.000000 - - - 1.159.38 08/15/2019 9128284W7 INTEREST EARNED ON U S TREASURY NT 2.750 % 8/15/21 $1 PV ON 0.0000 0.000000 - - - 26,606.25 08/15/2019 9128284W7 AMORTIZED PREMIUM ON U S TREASURY NT 2.750 % 8/15/21 CURRI 0.0000 0.000000 - - - - (569.16) 08/16/2019 08/13/2019 08/16/2019 30231GBB7 PURCHASED PAR VALUE OF EXXON MOBIL 1.902 % 8/16/22 /MORI 300,000.0000 1.000000 - - - (300,000.00) 300,000.00 08/16/2019 08/15/2019 08/16/2019 3130AGWK7 PURCHASED PAR VALUE OF F H L B DEB 1.500 % 8/15/24 /PERSHI 150,000.0000 0.997650 (149,647.50) 149,647.50 08/16/2019 08/16/2019 08/16/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y 08/16/2019 08/16/2019 08/16/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -107,213.4200 1.000000 - - - 107,213.42 (107,213.42) -149,647.5000 1.000000 - - - 149,647.50 (149,647.50) 08/16/2019 9128287C8 AMORTIZED PREMIUM ON U S TREASURY NT 1.750% 7/15/22 CURRI 0.0000 0.000000 (148.75) 08/16/2019 08/14/2019 08/16/2019 9128287C8 SOLD PAR VALUE OF U S TREASURY NT 1.750% 7/15/22 /NOMURA f-370.000.0000 1.006133 372,269.14 (372,035.20) 233.94 08/16/2019 08/16/2019 9128287C8 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.7 0.0000 0.000000 - - - 563.04 08/16/2019 08/15/2019 08/16/2019 9128287C8 SOLD PAR VALUE OF U S TREASURY NT 1.750% 7/15/22 /HSBC SEC-150.000.0000 1.007067 151,060.04 (150,825.08) 234.96 08/16/2019 08/16/2019 9128287C8 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.7 0.0000 0.000000 - - - 228.26 08/16/2019 08/14/2019 08/16/2019 9128287F1 PURCHASED PAR VALUE OF U S TREASURY NT 1.750% 7/31/21 /NO 330,000.0000 1.003281 (331,082.81) 331,082.81 08/16/2019 08/16/2019 9128287F1 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 1.7 0.0000 0.000000 - - - (251.09) 08/19/2019 08/14/2019 08/19/2019 3137B36J2 PURCHASED PAR VALUE OF F H L M C MLTCL MTG 3.320 % 2/25/23 /MI 145,000.0000 1.046680 (151,768.55) 151,768.55 08/19/2019 08/19/2019 3137636J2 PAID ACCRUED INTEREST ON PURCHASE OF F H L M C MLTCL MTG 3, 0.0000 0.000000 (240.70) 08/19/2019 08/14/2019 08/19/2019 3137B36J2 PURCHASED PAR VALUE OF F H L M C MLTCL MTG 3.320 % 2/25/23 /MI 225,000.0000 1.046602 - - - (235,485.35) 235,485.35 08/19/2019 08/19/2019 3137636J2 PAID ACCRUED INTEREST ON PURCHASE OF F H L M C MLTCL MTG 3, 0.0000 0.000000 - - - (373.50) 08/19/2019 08/14/2019 08/19/2019 3137FGZN8 SOLD PAR VALUE OF F H L M C MLTCL 2.6305% 2/25/23 /J.P. MORGA-160,755.2200 0.998594 - - - 160,529.16 (160,755.22) - (226.06) 08/19/2019 08/19/2019 3137FGZN8 RECEIVED ACCRUED INTEREST ON SALE OF F H L M C MLTCL 2.630 0.0000 0.000000 - - - 290.03 08/19/2019 08/14/2019 08/19/2019 3137FJXN4 SOLD PAR VALUE OF F H L M C MLTCL 2.6805 % 2/25/23 /J.P. MORGA-168.401.4300 0.998750 168,190.94 (168,401.43) (210.49) 08/19/2019 08/19/2019 3137FJXN4 RECEIVED ACCRUED INTEREST ON SALE OF F H L M C MLTCL 2.680: 0.0000 0.000000 - - - 309.67 08/19/2019 08/19/2019 08/19/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y 08/19/2019 08/19/2019 08/19/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y -274,166.9100 1.000000 274,166.91 (274,166.91) 235,399.3500 1.000000 (235,399.35) 235,399.35 08/19/2019 43814PAC4 INTEREST EARNED ON HONDA AUTO 1.790% 9/20/21 $1 PV ON 10.0000 0.000000 - - - 181.28 08/19/2019 08/18/2019 08/19/2019 43814PAC4 PAID DOWN PAR VALUE OF HONDA AUTO 1.790 % 9/20/21-9.552.4600 0.000000 9,552.46 (9,551.43) - 1.03 08/19/2019 857477AS2 INTEREST EARNED ON STATE STREET CORP 2.550 % 8/18/20 $1 PV C 0.0000 0.000000 - - 10,047.00 08/19/2019 857477AS2 AMORTIZED PREMIUM ON STATE STREET CORP 2.550 % 8/18/20 CUP 0.0000 0.000000 - - - - (1,533.25) 08/20/2019 05584PAD9 INTEREST EARNED ON BMW VEHICLE LEASE 2.070 % 10/20/20 $1 PV ( 0.0000 0.000000 155.12 08/20/2019 08/20/2019 08/20/2019 05584PAD9 PAID DOWN PAR VALUE OF BMW VEHICLE LEASE 2.070% 10/20/20-11,231.1300 0.000000 - - - 11,231.13 (11,231.12) - 0.01 08/20/2019 08/20/2019 08/20/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 11,386.2500 1.000000 - - - (11,386.25) 11,386.25 08/21/2019 08/21/2019 08/21/2019 3137FJXN4 DISTRIBUTED PAR VALUE OF F H L M C MLTCL 2.6805% 2/25/23 VALI-0.0100 0.000000 (0.01) 08/22/2019 08/22/2019 08/22/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 251.423.6600 1.000000 (251,423.66) 251,423.66 08/22/2019 9128287F1 AMORTIZED PREMIUM ON U S TREASURY NT 1.750% 7/31/21 CURRI 17/ 0.000000 (260.64) Page 34 of 37 1051r RIVERSIDE COUNTY TRANSPORTATION COMMISSION Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COM Payden & Rygel Operating Portfolio Transaction Report Quarter ended September 30, 2019 Transaction Settlement Date Trade Date Date CUSIP Descri•tion Units Miscellaneous Price Commissions SEC Fees Fees Net Cash Amount Amount o erm ong erm Federal Tax Cost Gain/Loss Gain/Loss Amount Amount 08/22/2019 08/20/2019 08/22/2019 9128287F1 SOLD PAR VALUE OF U S TREASURY NT 1.750% 7/31/21 /BOFA SEC -250,000.0000 1.004648 251,162.11 (250,726.55) 435.56 08/22/2019 08/22/2019 9128287F1 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.7 0.0000 0.000000 - - - 261.55 - - - 08/23/2019 037833BS8 INTEREST EARNED ON APPLE INC 2.250% 2/23/21 $1 PV ON 5001 0.0000 0.000000 - - - 5,625.00 - - - 08/23/2019 08/20/2019 08/23/2019 06406RAK3 PURCHASED PAR VALUE OF BANK OF NY MTN 1.950% 8/23/22 /CITI 100,000.0000 0.999680 - - - (99,968.00) 99,968.00 - - 08/23/2019 08/21/2019 08/23/2019 17305EGB5 SOLD PAR VALUE OF CITIBANK CREDIT 1.920% 4/07/22 /BARCLAYS -50,000.0000 0.999180 - - - 49,958.98 (49,985.60) - (26.62) 08/23/2019 08/23/2019 17305EGB5 RECEIVED ACCRUED INTEREST ON SALE OF CITIBANK CREDIT 1.92 0.0000 0.000000 - - - 362.67 - - - 08/23/2019 08/23/2019 08/23/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -44,021.3500 1.000000 - - - 44,021.35 (44,021.35) - - 08/26/2019 TRUST FEES COLLECTED CHARGED FOR PERIOD 07/01/2019 THRU 0 0.0000 0.000000 - - - (552.38) - - - 08/26/2019 05582QAD9 INTEREST EARNED ON BMW VEHICLE OWNER 1.160% 11/25/20 $1 PV 0.0000 0.000000 - - - 46.46 1.1 - - - 08/26/2019 08/25/2019 08/26/2019 05582QAD9 PAID DOWN PAR VALUE OF BMW VEHICLE OWNER 1.160% 11/25/20 -19,566.5800 0.000000 - - - 19,566.58 (19,566.49) - 0.09 08/26/2019 3136B1XP4 INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 0.0000 0.000000 - - - 481.62 - - - 08/26/2019 3136B1XP4 AMORTIZED PREMIUM ON F N M A GTD REMIC 3.560% 9/25/21 CURRI 0.0000 0.000000 - - - - (80.47) - - 08/26/2019 08/25/2019 08/26/2019 3136B1XP4 PAID DOWN PAR VALUE OF F N M A GTD REMIC 3.560% 9/25/21 -1,140.6700 0.000000 - - - 1,140.67 (1,154.57) - (13.90) 08/26/2019 313661XP4 INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 0.0000 0.000000 - - - 4.08 - - - 08/26/2019 3137ATRW4 INTEREST EARNED ON F H L M C MULTICLASS 2.373% 5/25/22 $1 PV O 0.0000 0.000000 - - - 375.73 - - - 08/26/2019 3137ATRW4 AMORTIZED PREMIUM ON F H L M C MULTICLASS 2.373% 5/25/22 CURI 0.0000 0.000000 - - - - (26.42) - - 08/26/2019 3137B1U75 INTEREST EARNED ON F H L M C MLTCL MTG 2.522% 1/25/23 $1 PV OI 0.0000 0.000000 - - - 336.27 - - - 08/26/2019 3137131 U75 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.522% 1/25/23 CUM 0.0000 0.000000 - - - - (18.82) - - 08/26/2019 3137FJYA1 INTEREST EARNED ON F H L M C MLTCL MTG 3.454% 5/25/23 $1 PV OI 0.0000 0.000000 - - - 1,203.06 - - - 08/26/2019 08/25/2019 08/26/2019 3137FJYA1 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 3.454% 5/25/23 -737.1400 0.000000 - - - 737.14 (737.12) 0.02 - 08/26/2019 08/26/2019 08/26/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 379.8100 1.000000 - - - (379.81) 379.81 - - 08/26/2019 08/26/2019 08/26/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 22,959.4200 1.000000 - - - (22,959.42) 22,959.42 - - 08/27/2019 08/27/2019 08/27/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -249,997.9300 1.000000 - - - 249,997.93 (249,997.93) - - 08/27/2019 08/20/2019 08/27/2019 43815NAC8 PURCHASED PAR VALUE OF HONDA AUTO 1.780% 8/15/23 /SG A 250,000.0000 0.999992 - - - (249,997.93) 249,997.93 - - 09/03/2019 13063BFS6 INTEREST EARNED ON CALIFORNIA ST BUILD 6.650% 3/01/22 $1 PV OI 0.0000 0.000000 - - - 14,131.25 - - - 09/03/2019 130636FS6 AMORTIZED PREMIUM ON CALIFORNIA ST BUILD 6.650% 3/01/22 CURT 0.0000 0.000000 - - - - (7,912.78) - - 09/03/2019 166764AU4 INTEREST EARNED ON CHEVRON CORP 3.05025% 3/03/22 $1 PV OI 0.0000 0.000000 - - - 3,897.54 - - - 09/03/2019 166764AU4 AMORTIZED PREMIUM ON CHEVRON CORP 3.05025% 3/03/22 CURI 0.0000 0.000000 - - - - (305.26) - - 09/03/2019 09/03/2019 09/03/2019 09/03/2019 30231GAV4 INTEREST EARNED ON EXXON MOBIL 2.222% 3/01/21 $1 PV ON 51 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 0.0000 0.000000 - - 1.000000 - - - 5,555.00 - (844,779.41) - 844,779.41 - - 844,779.4100 09/03/2019 09/03/2019 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SI- 45750TAG8 INTEREST EARNED ON INLAND VLY CA DEV 3.627% 3/01/20 $1 PV ON 0.0000 0.000000 - - 0.000000 - - - 581.46 - - - 0.0000 - 4,171.05 - - - 09/03/2019 09/03/2019 45750TAG8 AMORTIZED PREMIUM ON INLAND VLY CA DEV 3.627% 3/01/20 CURR 54465AGK2 INTEREST EARNED ON LOS ANGELES CA 1.125% 9/01/19 $1 PV ON 0.0000 0.000000 - - - - (756.19) - - - 0.0000 0.000000 - - - 1,518.75 - - 09/03/2019 U. 54465AGK2 ACCREDITED DISCOUNT ON LOS ANGELES CA 1.125% 9/01/19 MAF 0.0000 0.000000 - - - - 3,132.00 - - 09/03/2019 09/01/2019 09/01/2019 54465AGK2 MATURED PAR VALUE OF LOS ANGELES CA 1.125% 9/01/19 270,001 -270,000.0000 1.000000 - - - 270,000.00 (270,000.00) - - 09/03/2019 649791EJ5 INTEREST EARNED ON NEW YORK ST REF SER 3.600% 9/01/19 $1 PV 0.0000 0.000000 - - - 9,000.00 - - - 09/03/2019 649791EJ5 AMORTIZED PREMIUM ON NEW YORK ST REF SER 3.600% 9/01/19 CU 0.0000 0.000000 - - - - (4,884.94) - - 09/03/2019 09/01/2019 09/01/2019 649791EJ5 MATURED PAR VALUE OF NEW YORK ST REF SER 3.600% 9/01/19 500 -500,000.0000 1.000000 - - - 500,000.00 (500,000.00) - - 09/03/2019 801096AP3 INTEREST EARNED ON SANTA ANA CA CMNTY 3.346% 9/01/21 $1 PV ( 0.0000 0.000000 - - - 4,015.20 - - - 09/03/2019 88579YBF7 INTEREST EARNED ON 3M COMPANY MTN 2.750% 3/01/22 $1 PV Ot 0.0000 0.000000 - - - 3,609.38 - - - 09/03/2019 9128286Y1 AMORTIZED PREMIUM ON U S TREASURY NT 1.750% 6/15/22 CURRI 0.0000 0.000000 - - - - (62.76) - - 09/03/2019 08/29/2019 09/03/2019 9128286Y1 SOLD PAR VALUE OF U S TREASURY NT 1.750% 6/15/22 /NOMURA f -6,315,000.0000 1.008059 - - - 6,365,893.72 (6,311,080.76) 54,812.96 - 09/03/2019 09/03/2019 9128286Y1 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.7 0.0000 0.000000 - - - 24,155.74 - - - 09/03/2019 9128287A2 ACCREDITED DISCOUNT ON U S TREASURY NT 1.625% 6/30/21 MAF 0.0000 0.000000 - - - - 1,254.11 - - 09/03/2019 08/29/2019 09/03/2019 9128287A2 SOLD PAR VALUE OF U S TREASURY NT 1.625% 6/30/21 /CITIGROUI -4,265,000.0000 1.000742 - - - 4,268,165.43 (4,246,929.50) 21,235.93 - 09/03/2019 09/03/2019 9128287A2 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.6', 0.0000 0.000000 - - - 12,241.59 - - - 09/03/2019 08/29/2019 09/03/2019 912828YA2 PURCHASED PAR VALUE OF U S TREASURY NT 1.500% 8/15/22 /NO 6,365,000.0000 1.001406 - - - (6,373,950.78) 6,373,950.78 - - 09/03/2019 09/03/2019 912828YA2 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 16 0.0000 0.000000 - - - (4,929.42) - 7. - - 09/03/2019 08/29/2019 09/03/2019 912828YC8 PURCHASED PAR VALUE OF U S TREASURY NT 1.500% 8/31/21 /CIT 4,265,000.0000 0.999336 - - - (4,262,167.77) 4,262,167.77 - - 09/03/2019 09/03/2019 912828YC8 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 16 0.0000 0.000000 - - - (527.27) - - - 09/04/2019 09/04/2019 09/04/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 581.4600 1.000000 - - - (581.46) 581.46 - - 09/06/2019 037833BS8 ACCREDITED DISCOUNT ON APPLE INC 2.250% 2/23/21 MARKET 0.0000 0.000000 - - - - 2,255.18 - - 09/06/2019 09/04/2019 09/06/2019 037833BS8 SOLD PAR VALUE OF APPLE INC 2.250% 2/23/21 /WELLS FARGO -500,000.0000 1.006680 - - - 503,340.00 (497,930.18) - 5,409.82 09/06/2019 N 09/06/2019 037833BS8 RECEIVED ACCRUED INTEREST ON SALE OF APPLE INC 2.250% 0.0000 0.000000 - - - 406.25 - - - 09/06/2019 09/06/2019 09/06/2019 3134GTRY1 FULL CALL PAR VALUE OF F H L M C M T N 2.625% 6/06/22 /CALLS/ -260,000.0000 1.000000 - - - 260,000.00 (260,000.00) - - 09/06/2019 J. 3134GTRY1 INTEREST EARNED ON F H L M C M T N 2.625% 6/06/22 $1 PV ON 26 0.0000 0.000000 - - - 1,706.25 - - - 09/06/2019 09/05/2019 09/06/2019 3135GOW33 PURCHASED PAR VALUE OF F N M A 1.375% 9/06/22 /BARCLAY 600,000.0000 0.996520 - - - (597,912.00) 597,912.00 - - 09/06/2019 09/06/2019 09/06/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,326,887.5600 1.000000 - - - (1,326,887.56) 1,326,887.56 - - 09/06/2019 09/06/2019 09/06/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -596,205.7500 1.000000 - - - 596,205.75 (596,205.75) - - 09/06/2019 09/05/2019 09/06/2019 9128287F1 PURCHASED PAR VALUE OF U S TREASURY NT 1.750% 7/31/21 /BOI 540,000.0000 1.003438 - - - (541,856.25) 541,856.25 - - 09/06/2019 09/06/2019 9128287F1 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 1.7 0.0000 0.000000 - - - (950.14) - - - 09/06/2019 9128287F1 AMORTIZED PREMIUM ON U S TREASURY NT 1.750% 7/31/21 CURRI 0.0000 0.000000 - - - - (282.58) - - 09/06/2019 09/05/2019 09/06/2019 9128287F1 SOLD PAR VALUE OF U S TREASURY NT 1.750% 7/31/21 /CITIGROUI -600,000.0000 1.004141 - - - 602,484.38 (601,706.43) 777.95 - 09/06/2019 09/06/2019 9128287F1 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.7 0.0000 0.000000 - - - 1,055.71 - - - 09/06/2019 09/04/2019 09/06/2019 94988J5Q6 SOLD PAR VALUE OF WELLS FARGO MTN 3.0915% 7/23/21 /J.P. MOF -500,000.0000 1.001366 - - - 500,683.00 (500,000.00) - 683.00 09/06/2019 09/06/2019 94988J5Q6 RECEIVED ACCRUED INTEREST ON SALE OF WELLS FARGO MTN 3.1 0.0000 0.000000 - - - 1,724.61 - - - 09/10/2019 09/10/2019 09/10/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -271,180.3400 1.000000 - - - 271,180.34 (271,180.34) - - 09/10/2019 09/09/2019 09/10/2019 9128287F1 PURCHASED PAR VALUE OF U S TREASURY NT 1.750% 7/31/21 /HSI 270,000.0000 1.002422 - - - (270,653.91) 270,653.91 - - 09/10/2019 09/10/2019 9128287F1 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 1.7 0.0000 0.000000 - - - (526.43) - 09/11/2019 09/11/2019 09/04/2019 09/11/2019 08/25/2019 08/26/2019 037833DL1 PURCHASED PAR VALUE OF APPLE INC 1.700% 9/11/22 /GOLDM 525,000.0000 732.344Q 0.999830 - - 0.000000 - - - (524,910.75) - (737.14) 524,910.75 737.12 (0.02) - 3137FJYA1 PAID DOWN -RV PAR VALUE OF F H L M C MLTCL MTG 3.454% 5/25/23 Page 35 of 37 1051r RIVERSIDE COUNTY TRANSPORTATION COMMISSION Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COM Payden & Rygel Operating Portfolio Transaction Report Quarter ended September 30, 2019 Transaction Settlement Date Trade Date Date CUSIP Descri•tion o erm ong erm Miscellaneous Federal Tax Cost Gain/Loss Gain/Loss Units Price Commissions SEC Fees Fees Net Cash Amount Amount Amount Amount 09/11/2019 09/11/2019 09/11/2019 09/11/2019 09/11/2019 09/11/2019 09/12/2019 09/12/2019 09/12/2019 09/12/2019 09/12/2019 09/12/2019 09/12/2019 09/12/2019 09/12/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/16/2019 09/17/2019 09/17/2019 09/17/2019 09/17/2019 09/17/2019 09/17/2019 09/18/2019 09/18/2019 09/18/2019 09/18/2019 09/18/2019 09/18/2019 09/18/2019 09/18/2019 09/18/2019 09/19/2019 09/19/2019 09/19/2019 09/19/2019 09/19/2019 09/20/2019 09/20/2019 09/20/2019 09/20/2019 09/20/2019 09/20/2019 09/20/2019 09/20/2019 09/20/2019 L09/20/2019 3137FJYA1 INTEREST EARNED ON F H L M C MLTCL MTG 3.454% 5/25/23 $1 PV OI 3137FJYA1 INTEREST EARNED ON F H L M C MLTCL MTG 3.454% 5/25/23 $1 PV OI 08/25/2019 09/11/2019 3137FJYA1 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 3.454% 5/25/23 09/11/2019 09/11/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y 09/11/2019 09/11/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y 09/04/2019 09/11/2019 94988J6A0 PURCHASED PAR VALUE OF WELLS FARGO MTN 2.082% 9/09/22 /Vu 08/29/2019 09/12/2019 212204JC6 PURCHASED PAR VALUE OF CONTRA COSTA CA 1.652% 8/01/22 /M 09/12/2019 09/12/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 9128287F1 FED BASIS OF U S TREASURY NT 1.750% 7/31/21 ADJUSTED BY-58' 9128287F1 FED BASIS OF U S TREASURY NT 1.750% 7/31/21 ADJUSTED BY 581 9128287F1 FED BASIS OF U S TREASURY NT 1.750% 7/31/21 ADJUSTED BY-14: 9128287F1 FED BASIS OF U S TREASURY NT 1.750% 7/31/21 ADJUSTED BY 142 A 9128287F1 AMORTIZED PREMIUM ON U S TREASURY NT 1.750% 7/31/21 CURRI 09/10/2019 09/12/2019 9128287F1 SOLD PAR VALUE OF U S TREASURY NT 1.750% 7/31/21 /HSBC SEC 09/12/2019 9128287F1 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.7 053015AD5 INTEREST EARNED ON AUTOMATIC DATA 2.250% 9/15/20 $1 PV ON 053015AD5 AMORTIZED PREMIUM ON AUTOMATIC DATA 2.250% 9/15/20 CURR 084670600 INTEREST EARNED ON BERKSHIRE HATHAWAY 2.200% 3/15/21 $1 PV 09/12/2019 09/16/2019 17305EGB5 SOLD PAR VALUE OF CITIBANK CREDIT 1.920% 4/07/22 /CITIGROUP 09/16/2019 17305EGB5 RECEIVED ACCRUED INTEREST ON SALE OF CITIBANK CREDIT 1.92 09/16/2019 09/16/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 09/16/2019 09/16/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 41284WAC4 INTEREST EARNED ON HARLEY DAVIDSON 2.340% 2/15/24 $1 PV Of 43815NAC8 INTEREST EARNED ON HONDA AUTO 1.780% 8/15/23 $1 PV ON 2. 47787XAC1 INTEREST EARNED ON JOHN DEERE OWNER 1.780% 4/15/21 $1 PV 1 09/15/2019 09/16/2019 47787XAC1 PAID DOWN PAR VALUE OF JOHN DEERE OWNER 1.780% 4/15/21 47789JAD8 INTEREST EARNED ON JOHN DEERE OWNER 2.910% 7/17/23 $1 PV 1 65478BAD3 INTEREST EARNED ON NISSAN AUTO LEASE 3.250% 9/15/21 $1 PV O 65478NAD7 INTEREST EARNED ON NISSAN AUTO 3.220% 6/15/23 $1 PV ON 1: 65479BAD2 INTEREST EARNED ON NISSAN AUTO LEASE 2.050% 9/15/20 $1 PV O 09/15/2019 09/16/2019 65479BAD2 PAID DOWN PAR VALUE OF NISSAN AUTO LEASE 2.050% 9/15/20 65479KAD2 INTEREST EARNED ON NISSAN AUTO 2.900% 10/16/23 $1 PV ON 7 717081EM1 INTEREST EARNED ON PFIZER INC 3.000% 9/15/21 $1 PV ON 2501 89190BAD0 INTEREST EARNED ON TOYOTA AUTO 1.760% 7/15/21 $1 PV ON 4 09/15/2019 09/16/2019 89190BAD0 PAID DOWN PAR VALUE OF TOYOTA AUTO 1.760% 7/15/21 89238MAD0 INTEREST EARNED ON TOYOTA AUTO 1.730% 2/16/21 $1 PV ON 2 09/15/2019 09/16/2019 89238MAD0 PAID DOWN PAR VALUE OF TOYOTA AUTO 1.730% 2/16/21 89238UAD2 INTEREST EARNED ON TOYOTA AUTO 1.910% 9/15/23 $1 PV ON 4 89239AAD5 INTEREST EARNED ON TOYOTA AUTO 2.910% 7/17/23 $1 PV ON 8 90290AAC1 INTEREST EARNED ON USAA AUTO OWNER 1.700% 5/17/21 $1 PV C 09/15/2019 09/16/2019 90290AAC1 PAID DOWN PAR VALUE OF USAA AUTO OWNER 1.700% 5/17/21 9128285A4 INTEREST EARNED ON U S TREASURY NT 2.750% 9/15/21 $1 PV ON 09/17/2019 09/17/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 09/17/2019 09/17/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y 09/12/2019 09/16/2019 65479BAD2 SOLD PAR VALUE OF NISSAN AUTO LEASE 2.050% 9/15/20 /BARCLAI 09/16/2019 65479BAD2 RECEIVED ACCRUED INTEREST ON SALE OF NISSAN AUTO LEASE 2. 09/16/2019 09/17/2019 912828YC8 PURCHASED PAR VALUE OF U S TREASURY NT 1.500% 8/31/21 /NO 09/17/2019 912828YC8 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 1.5 09/10/2019 09/18/2019 05588CAC6 PURCHASED PAR VALUE OF BMW VEHICLE OWNER 1.920% 1/25/24 i 09/18/2019 09/18/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y 09/18/2019 09/18/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 43814PAC4 INTEREST EARNED ON HONDA AUTO 1.790% 9/20/21 $1 PV ON 1, 09/18/2019 09/18/2019 43814PAC4 PAID DOWN PAR VALUE OF HONDA AUTO 1.790% 9/20/21 09/16/2019 65479BAD2 RECEIVED ACCRUED INTEREST ON SALE OF NISSAN AUTO LEASE 2. 09/12/2019 09/16/2019 65479BAD2 SOLD -REV PAR VALUE OF NISSAN AUTO LEASE 2.050% 9/15/20 /B/ 09/12/2019 09/16/2019 65479BAD2 SOLD PAR VALUE OF NISSAN AUTO LEASE 2.050% 9/15/20 /BARCLA) 09/16/2019 65479BAD2 RECEIVED ACCRUED INTEREST ON SALE OF NISSAN AUTO LEASE 2. 09/19/2019 09/19/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 912828YC8 FED BASIS OF U S TREASURY NT 1.500% 8/31/21 ADJUSTED BY-741 912828YC8 FED BASIS OF U S TREASURY NT 1.500% 8/31/21 ADJUSTED BY 748 09/18/2019 09/19/2019 912828YC8 SOLD PAR VALUE OF U S TREASURY NT 1.500% 8/31/21 /WELLS FAI 09/19/2019 912828YC8 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.5 05584PAD9 INTEREST EARNED ON BMW VEHICLE LEASE 2.070% 10/20/20 $1 PV ( 09/20/2019 09/20/2019 05584PAD9 PAID DOWN PAR VALUE OF BMW VEHICLE LEASE 2.070% 10/20/20 09/20/2019 09/20/2019 3134GTVK6 FULL CALL PAR VALUE OF F H L M C 2.550% 6/20/22 /CALLS/ 3134GTVK6 INTEREST EARNED ON F H L M C 2.550% 6/20/22 $1 PV ON 2650( 09/20/2019 09/20/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 09/20/2019 09/20/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 09/18/2019 09/20/2019 89190BAD0 SOLD PAR VALUE OF TOYOTA AUTO 1.760% 7/15/21 /BOFA SECU 09/20/2019 89190BAD0 RECEIVED ACCRUED INTEREST ON SALE OF TOYOTA AUTO 1.76( 912828YA2 AMORTIZED PREMIUM ON U S TREASURY NT 1.500% 8/15/22 CURRI 09/19/2019 09/20/2019 912828YA2 SOLD PAR VALUE OF U S TREASURY NT 1.500% 8/15/22 /VVELLS FAI 0.0000 0.0000 -737.1400 -385.7200 -1,074,910.7500 550,000.0000 300,000.0000 30,881.0500 0.0000 0.0000 0.0000 0.0000 0.0000 -330,000.0000 0.0000 0.0000 0.0000 0.0000 -180,000.0000 0.0000 320,261.2100 149,102.4600 0.0000 0.0000 0.0000 -14,737.0700 0.0000 0.0000 0.0000 0.0000 -35,588.5100 0.0000 0.0000 0.0000 -30,058.8200 0.0000 -21,419.3400 0.0000 0.0000 0.0000 -9,794.4800 0.0000 112,887.2200 -546,641.9900 -112,951.3800 0.0000 400,000.0000 0.0000 330,000.0000 -329,955.6500 45,029.7600 0.0000 -9,294.4300 0.0000 112,951.3800 -112,951.3900 0.0000 269,283.2800 0.0000 0.0000 -270,000.0000 0.0000 0.0000 -12,051.3000 -265,000.0000 0.0000 1,689.3800 1,239,572.0700 -285,981.8700 0.0000 0.0000 -680,0031g 0.000000 0.000000 497.674607 1.000000 1.000000 1.000000 1.000000 1.000000 0.000000 0.000000 0.000000 0.000000 0.000000 1.000625 0.000000 0.000000 0.000000 0.000000 0.999063 0.000000 1.000000 1.000000 0.000000 0.000000 0.000000 0.436957 0.000000 0.000000 0.000000 0.000000 0.180942 0.000000 0.000000 0.000000 0.214229 0.000000 0.300638 0.000000 0.000000 0.000000 0.657458 0.000000 1.000000 1.000000 0.999375 0.000000 0.994766 0.000000 0.999866 1.000000 1.000000 0.000000 0.000000 0.000000 0.999375 1.314256 0.000000 1.000000 0.000000 0.000000 0.996563 0.000000 0.000000 0.000000 1.000000 0.000000 1.000000 1.000000 0.998086 0.000000 0.000000 0.993945 (1,203.06) 817.34 737.14 (737.12) 0.02 385.72 (385.72) 1,074,910.75 (1,074,910.75) (550,000.00) 550,000.00 (300,000.00) 300,000.00 (30,881.05) 30,881.05 (581.49) 581.49 (142.63) 142.63 (115.64) 330,206.25 (330,206.25) 674.80 5,062.50 (1,038.32) 5,181.00 179,831.25 (179,948.14) (116.89) 1,526.40 (320,261.21) 320,261.21 (149,102.46) 149,102.46 1,150.50 222.50 164.01 14,737.07 (14,734.97) 2.10 630.50 541.67 1,207.50 253.76 35,588.51 (35,582.30) 6.21 773.33 3,750.00 463.53 30,058.82 (30,056.52) 2.30 207.34 21,419.34 (21,416.82) 2.52 424.44 824.50 82.70 9,794.48 (9,793.45) 1.03 7,012.50 (112,887.22) 112,887.22 546,641.99 (546,641.99) - 112,880.79 (112,931.65) (50.86) 6.43 (397,906.25) 397,906.25 - (280.22) - - (329,955.65) 329,955.65 329,955.65 (329,955.65) (45,029.76) 45,029.76 167.03 9,294.43 (9,293.42) 1.01 (6.43) (112,880.79) 112,931.65 50.86 148,447.06 (112,931.66) 35,515.40 8.46 (269,283.28) 269,283.28 (748.82) 748.82 269,071.88 (269,071.88) 211.40 135.74 12,051.30 (12,051.29) 0.01 265,000.00 (265,000.00) 1,689.38 (1,689.38) 1,689.38 (1,239,572.07) 1,239,572.07 - 285,434.48 (285,959.94) - (525.46) 69.91 (148.75) - 675,882.81 (680,940.36) (5,057.55) Page 36 of 37 1051r RIVERSIDE COUNTY TRANSPORTATION COMMISSION Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COM Payden & Rygel Operating Portfolio Transaction Report Quarter ended September 30, 2019 Transaction Settlement Date Trade Date Date CUSIP Descri•tion Units Miscellaneous Price Commissions SEC Fees Fees Net Cash Amount Amount o erm ong erm Federal Tax Cost Gain/Loss Gain/Loss Amount Amount 09/20/2019 09/20/2019 912828YA2 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.5 0.0000 0.000000 997.83 09/24/2019 09/24/2019 09/24/2019 89190BAD0 DISTRIBUTED PAR VALUE OF TOYOTA AUTO 1.760% 7/15/21 VALI -0.0100 0.000000 - - - - (0.01) - - 09/25/2019 TRUST FEES COLLECTED CHARGED FOR PERIOD 08/01/2019 THRU 07 0.0000 0.000000 - - - (556.82) - - - 09/25/2019 05582QAD9 INTEREST EARNED ON BMW VEHICLE OWNER 1.160% 11/25/20 $1 PV 0.0000 0.000000 - - - 27.55 - - - 09/25/2019 09/25/2019 09/25/2019 05582QAD9 PAID DOWN PAR VALUE OF BMW VEHICLE OWNER 1.160% 11/25/20 -18,598.5300 0.000000 - - - 18,598.53 (18,598.45) - 0.08 09/25/2019 3136B1XP4 INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 0.0000 0.000000 - - - 478.23 - - - 09/25/2019 El 3136B1XP4 AMORTIZED PREMIUM ON F N M A GTD REMIC 3.560% 9/25/21 CURRI 0.0000 0.000000 - - - - (79.90) - - 09/25/2019 09/25/2019 09/25/2019 3136B1XP4 PAID DOWN PAR VALUE OF F N M A GTD REMIC 3.560% 9/25/21 -5,940.4400 0.000000 - - - 5,940.44 (6,009.87) - (69.43) 09/25/2019 3136B1XP4 INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 0.0000 0.000000 - - - 17.46 - - - 09/25/2019 3137ATRW4 INTEREST EARNED ON F H L M C MULTICLASS 2.373% 5/25/22 $1 PV O 0.0000 0.000000 - - - 375.73 - - - 09/25/2019 09/25/2019 1= 3137ATRW4 AMORTIZED PREMIUM ON F H L M C MULTICLASS 2.373% 5/25/22 CURI 3137131 U75 INTEREST EARNED ON F H L M C MLTCL MTG 2.522% 1/25/23 $1 PV OI 0.0000 0.0000 0.000000 - - - - (31.50) - - 0.000000 - - - 336.27 - - - 09/25/2019 3137B1U75 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.522% 1/25/23 CURF 0.0000 0.000000 - - - - (18.82) - - 09/25/2019 3137636J2 INTEREST EARNED ON F H L M C MLTCL MTG 3.320% 2/25/23 $1 PV OI 0.0000 0.000000 - - - 1,023.67 - - - 09/25/2019 3137B36J2 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 3.320% 2/25/23 CURF 0.0000 0.000000 - - - - (496.42) - - 09/25/2019 3137BQR90 INTEREST EARNED ON F H L M C MLTCL MTG 2.272% 1/25/23 $1 PV OI 0.0000 0.000000 - - - 473.33 - - - 09/25/2019 3137BQR90 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.272% 1/25/23 CURF 0.0000 0.000000 - - - - (35.44) - - 09/25/2019 3137FJYA1 INTEREST EARNED ON F H L M C MLTCL MTG 3.454% 5/25/23 $1 PV OI 0.0000 0.000000 - - - 2,073.15 - - - 09/25/2019 09/25/2019 09/25/2019 3137FJYA1 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 3.454% 5/25/23 -35,933.2900 1.516478 - - - 35,933.29 (35,932.32) 0.97 - 09/25/2019 09/25/2019 09/25/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 44,818.3000 1.000000 - - - (44,818.30) 44,818.30 - - 09/25/2019 09/25/2019 09/25/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -250,060.2900 1.000000 - - - 250,060.29 (250,060.29) - - 09/25/2019 09/18/2019 09/25/2019 58769TAD7 PURCHASED PAR VALUE OF MERCEDES BENZ 1.940% 3/15/24 /Mf 270,000.0000 0.999862 - - - (269,962.82) 269,962.82 - - 09/26/2019 09/20/2019 09/26/2019 072024WN8 PURCHASED PAR VALUE OF BAY AREA CA TOLL 2.184% 4/01/23/BO 680,000.0000 1.000000 - - - (680,000.00) 680,000.00 - - 09/26/2019 09/26/2019 09/26/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -680,000.0000 1.000000 - - - 680,000.00 (680,000.00) - - Total - - - - 453,686.15 136,062.27 60,875.74 200 Page 37 of 37 ATTACHMENT 17 k MetLife ManagemeInvestmentnt Short & Intermediate Duration Fixed Income 3Q 2019 Themes, Outlook & Strategy MetLife Investment Management One MetLife Way Whippany, NJ 07981 metlife.com/investmentmanagement • GDP - Full -year U.S. real GDP growth will be above the 2% long-term trend, driven by the enduring strength of the U.S. consumer and firmness in the labor market. Trade frictions between the U.S./China/EU/Japan have negatively impacted business sentiment and have represented a drag on global growth, especially in Europe. Accordingly, in the U.S., business fixed investment has slowed but could rebound with substantive progress on the trade front. We expect government spending to increase as the 2020 election approaches, partially offsetting the waning impact of the 2017 stimulus package • Business - While indicators for global manufacturing and business fixed investment have shown weakness, the continued strength of the U.S. consumer has helped sustain revenue growth, especially for U.S.-centric companies. In our view, the Federal Reserve's efforts to sustain the U.S. economy's expansion by cutting its policy rate should serve to further extend the business cycle. The ongoing trade negotiation and tit -for -tat tariff escalations by the U.S. and China continue to raise manufacturing input costs and cause supply chains to be altered. Broad -based domestic labor market tightness is also serving to push up wage costs and pressure margins for service companies. We believe the lower interest rate environment is likely to reduce banks' net interest margins but their diversified business models, robust capital positions, steady fee -driven revenue, prudent asset growth, and sound asset quality continue to support strong credit fundamentals. • Consumer - We believe the U.S. consumer remains well -positioned to continue to underpin growth in the U.S. economy, driven by improved household balance sheets and sustained growth in wages. The decline in interest rates triggered by Federal Reserve policy shifts has reignited the housing market and is expected to feed into other measures of consumer spending. To date, the trade -related fits and starts between the U.S. and China have not translated into a meaningful decline in consumer confidence, especially the `present situation' component of the confidence indicator which has undoubtedly benefited from the stock market's return to near -record highs as well as a healthy labor market. • Employment - Despite a downshift in the pace of job creation in 2019 compared to 2018, the U.S. labor market remains tight at a nearly 50-year low in the unemployment rate. Average hourly earnings and the Employment Cost Index continue to offer evidence of growth in real wages. Employers remain somewhat challenged in finding qualified candidates to fill open positions while the quits rate remains at a post -recession high, exerting continued upward pressure on real wages. We are closely watching the General Motors strike negotiations as a barometer of future employment cost trends. We believe the unemployment rate will remain historically low as the replacement number of jobs needed to sustain the current unemployment rate is well below the YTD monthly average in net non -farm payroll jobs created. 1 201 2 MetLife Management • Central Banks / International - Global central banks have resumed a more dovish posture in reacting to subpar economic growth, weak inflation readings, trade -related concerns and macro uncertainties. Central bankers, including incoming ECB President Christine Lagarde, have acknowledged the limits of accommodative monetary policy and have begun to push more forcefully for increased take-up by fiscal policymakers, most clearly evident in the anemic eurozone. China, Brexit and Iran are key risks with Iran's apparent attack on Saudi Arabia's oil production facilities raising the prospect of an oil shock, although the recent spike in energy prices was quickly reversed. If global growth divergences do not close or trade disruptions persist with more lasting impact, dollar strength and the bid for safe haven assets should increase. • Residential / Commercial Real Estate - Sharply lower mortgage rates and a strong jobs market will support home sales going forward with the West and South seeing the greatest strength. House price appreciation may stabilize as improved affordability from lower rates supports prices, particularly for lower -end homes. Multi -family property rental vacancy rates remain near historic lows as rates and NOI growth in multi -family and industrial properties support commercial real estate valuations. Retail properties remain challenged by e-commerce and shifting consumer preferences. The administration's GSE reform plan sets the stage for the debate about the role of the government in the housing market but the lack of a timeframe for action and the approach of an election year make dramatic changes unlikely over the near term. • U.S. Monetary & Fiscal Policy - The Federal Reserve's policy shift toward easing as evidenced by two recent rate cuts against a reasonably solid growth backdrop and market expectations of more to come has created an uncharacteristic split within the FOMC. Recent communications from the Federal Reserve point to less dependency on domestic data in moving to a reaction function centered more on global developments. The recent spike in overnight funding markets driven by a shortage in excess bank reserves will lead to an "organic" balance sheet expansion by the Fed. Fiscal policy remains stimulative with the annual federal deficit climbing toward $1 trillion and will likely remain a source of support. We expect further talk of additional tax cut measures prior to the 2020 election which, if enacted, would represent another fiscal tailwind to growth. • Inflation - Inflation measures are close to the Federal Reserve's 2% symmetrical target, with Core PCE running at a 1.8% annual rate, above its two-year low of 1.5% posted this past spring. Its counterpart, Core CPI, is at a 10- year high of 2.4%, driven by increases in select sub- components within the goods and services sectors. We believe the tight labor market's bearing on wages as well as pass -through of tariffs will continue to exert upward pressure on inflation. Any additional monetary easing by the Fed, continued solid U.S. economic growth and/or increase in energy prices will support a move higher in our inflation expectations. Treasury/Rates/Curve Treasury yields moved lower and the yield curve flattened during a volatile third quarter, primarily due to a Federal Reserve rate cut in July followed by an escalation of the trade war with China and rising fears over global economic growth. Regarding the Fed, the FOMC's initial, cautious 25 basis point "insurance" cut on July 31 represented somewhat of a disappointment to markets, which expected more of a commitment to additional cuts in the future versus what was described as a "mid -cycle adjustment in policy" by Chair Powell. Early August's sudden ramp up in the U.S.-China trade war, triggered by President Trump's announcement of further tariffs on Chinese imports was behind the increased global growth concerns. In August alone Treasury yields were lower by 37 to 56 basis points across the curve, with 30-year yields hitting all-time lows. In early September, 10-year Treasury yields increased almost 50 basis points amid easing trade tensions and a rebound in risk assets. The European Central Bank's September 12 rate cut and announcement of a new round of bond purchases preceded another 25-basis point cut in the Fed -Funds rate at the September 18 meeting. Dovish foreign central bank actions along with low global yields against a backdrop of heightened macro concerns may serve to limit any meaningful rise in yields domestically over the near term, overall. Treasury yields closed the third quarter 13 to 42 basis points lower with the two-year Treasury yield finishing at 1.62% (-14 basis points), the five-year Treasury yield 1.54% (-23 basis points) and the 10-year Treasury yield at 1.67% (-34 basis points). The five-year less two-year Treasury interest rate differential ended the quarter at -8 basis points, 9 basis points flatter from the end of the second quarter. The longer dated ten-year less Views expressed were current as of June 30, 2019, are subject to change, and may not reflect the manager's current views. Securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, or all of the securities held in client portfolios. The performance and portfolio holdings cited here were current as of June 30, 2019 and are subject to change. This document is only for distribution to, and the use of, current clients and consultants of MetLife Investment Management. 202 3 MetLife Management two-year differential moved 21 basis points flatter to +4 basis points. In the very front end, the three-month Treasury bill rate declined 28 basis points to 1.81 % while 3-month Libor contracted 23 basis points to 2.09%. In the wake of the Fed's most recent rate cut delivered at the September FOMC meeting, it has clearly demonstrated a determination to not fall behind the curve in seeking to conduct monetary policy in an effort to sustain the current economic expansion. However, there is a growing split among the Fed members with a majority on one side supporting Chair Powell's consensus position to lower rates in July and September, but on the other side sit a number of members more willing to await clear evidence of a deterioration in economic conditions before continuing further down the easing path. This was highlighted by two Fed voters dissenting at September's FOMC meeting in favor of keeping rates on hold (plus one who supported a 50 basis point cut) while the full -member median dot plot forecast is for no further rate cuts this year and none in 2020, even as many more members collectively are lined up on the sides of either looking for a rate cut or even hiking the policy rate above the current target range. This has raised market uncertainty and been a source of increased interest rate volatility seen in the third quarter, in addition to greater uncertainty and noise around trade and other macro issues. As well, the market remains engaged in a bit of a tug-of- war as interest rate futures are pricing in at least three quarter -point rate cuts by the Fed through the end of 2020, which we continue to see as overly aggressive as we anticipate perhaps another cut at the upcoming October FOMC meeting and the Fed going on hold until clear evidence emerges of a drop in the pace of economic growth (which we do not envision at this juncture). On the economic data front, we continue to call for above -trend U.S. growth in the low-2% range driven by the enduring strength of the consumer, which accounts for more than two-thirds of economic activity. Readings on the manufacturing sector have turned down in recent months as uncertainties have grown, tariffs escalated, and supply chains disrupted, however, the U.S. remains much more insulated than many other developed economies. We also acknowledge that the labor market has been slowly decelerating this year, but it remains healthy by virtue of touching an all-time low in the unemployment in the September non -farm payrolls report. This has translated into steady strength in key measures like retail sales and housing market indicators, which have accelerated higher this year, bolstered by the decline in interest rates. While third-quarter real GDP growth may slip below 2% on weakness centered on the declines observed across manufacturing and business investment, weighed down by the trade war and weakness in non-U.S. economies, our outlook does not incorporate a U.S. recession over the near to intermediate -term horizon absent a shock to the economy. In the event the U.S. and China are able to craft a limited trade agreement or even call a truce, we could see that outcome spur a bit of a rebound in growth. In the meantime, while global economic headwinds remain, they are being actively countered by accommodative monetary policy with a potential turn toward more of the burden being shouldered by fiscal policy support. After the third quarter's drop in interest rates, reset in the market's view on the Federal Reserve's future policy rate path and U.S. economic growth remaining on a firm footing outside of the manufacturing sector, which we believe may be nearing an end in its weakening, we see Treasury yields as biased to move higher. Although we will continue to maintain our short duration bias, we took the opportunity to snug our durations closer to home over the third quarter on rate backups. Turning to our TIPS long positioning, we increased our weighting in August as break -evens reached new lows only to see break -evens climb a bit before turning lower again in September. We continue to view TIPS as `cheap' and maintain our holdings given their low break -evens paint a more depressed inflation picture than is warranted in our evaluation in looking at current inflation measures and the likelihood that steadily rising wages will eventually translate into an uptick in consumer prices. Performance Attribution: Negative Our overall duration underweight positioning and allocation to Treasury Inflation -Protected Securities (TIPS) detracted from performance in the third quarter as interest rates fell and break -evens declined. Views expressed were current as of June 30, 2019, are subject to change, and may not reflect the manager's current views. Securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, or all of the securities held in client portfolios. The performance and portfolio holdings cited here were current as of June 30, 2019 and are subject to change. This document is only for distribution to, and the use of, current clients and consultants of MetLife Investment Management. 203 4 MetLife Management Investment Grade Credit While market headlines continued to be focused on the back -and -forth developments in the U.S.-China trade dispute over the quarter, the investment grade credit market proved relatively resilient in the third quarter, especially as a risk - on July gave way to escalating tensions and tariffs in August with trade noise spilling over into September. This produced a sawtooth pattern as spreads alternately tightened and widened each month, ending the quarter tighter on September's improved sentiment for risk helped by news of U.S. and Chinese senior trade negotiators scheduled to meet in early October. The backdrop for risk assets, including investment grade credit, continues to be supported by dovish central bank policy attributed to heightened uncertainty, geopolitical concerns and flagging global economic growth even as the U.S. remains less affected. Corporate earnings growth has largely slowed as U.S.-based multinationals, most notably those generating a significant share of their revenues abroad, are seeing pressure on top -line revenues, margins and operating earnings, while domestically -oriented issuers continue to post solid results. This divergence has weakened credit metrics in the aggregate, especially corporate leverage measures. As interest rates once again declined, third-quarter excess and total returns for the BAML 1-5 Year U.S. Corporate Index were 0.43% and 1.23%, respectively, as the index's option -adjusted spread (OAS) tightened 8 basis points to 73 basis points. The summer lull and trade -related volatility kept the new issue market relatively quiet through Labor Day, but the drop in interest rates and global hunger for positive -yielding fixed -income assets (negative -yielding assets in the Bloomberg Barclays Global Aggregate Index totaled $14.8 trillion at quarter -end) brought issuers off the sidelines in sufficient numbers to produce a record -setting month for corporate new issuance with $148.0 billion in investment grade corporates coming to market. These new issues were readily absorbed by investors often at little or no spread concessions to existing secondary issues and were skewed to the longer end of the maturity spectrum as issuers sought to capitalize on the opportunity to lock in financing at near record low all -in yields. At a subsector level within front-end Credit, all subsectors generated positive excess returns in both July and September sandwiched around an August with negative excess returns. The best -performing subsectors over the quarter were Finance Companies (small index weight), Insurance and Technology. Lagging subsectors included Energy, Banking and Basic Industry. The second-quarter earnings season concluded with marginally positive EPS growth for the S&P 500 companies (+2.1 %), mainly driven by strength in Real Estate, Financials and Healthcare, offset in part by weakness across the Communications Services, Materials, Energy, Industrials and Utilities subsectors, chiefly due to commodity price declines, a slowdown in global growth as well as trade -related supply chain cost and margin pressures. Further growth in balance sheet debt coupled with weaker operating income in certain of these subsectors helped push aggregate leverage higher across the investment grade industrial issuer universe we track, warranting increased attention at this advanced stage of the credit cycle, although we do not see signs of an imminent end to the cycle or recession as the growth in leverage is somewhat mitigated by the decline in interest rates. We maintain our overweight in Banking, supported by historically high capital levels and the potential to generate decent operating profits in a low rate environment. We also favor selected, more U.S.-centric issuers in the Communications, Consumer Noncyclical, Midstream Energy/Pipelines, and Utilities subsectors, that are less exposed to tariff -related disruptions. We believe the resilience of the U.S. consumer can continue to support corporate fundamentals for many of these issuers. In terms of sector valuation, the tightening in credit spreads seen over the quarter has pushed spreads into the `rich' range in our view, especially given the deterioration observed in manufacturing indicators. We remain comfortable with our current defensive positioning in Credit historically, awaiting an opportunity to add exposure in our favored subsectors and issuers at wider spreads. We recognize that moderate economic growth environments like we foresee unfolding in the U.S. over the next few quarters are generally good for corporate fundamentals and returns in Credit, but the present `richness' of spreads and low all -in yields leave us content to maintain some dry powder. Views expressed were current as of June 30, 2019, are subject to change, and may not reflect the manager's current views. Securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, or all of the securities held in client portfolios. The performance and portfolio holdings cited here were current as of June 30, 2019 and are subject to change. This document is only for distribution to, and the use of, current clients and consultants of MetLife Investment Management. 204 5 MetLife Management Over the third quarter we reduced our Credit weightings and in turn sector duration contributions across strategies. Most of our trading activity was directed toward reducing our exposure in Credit, primarily by selling floating-rate and short -dated maturity fixed-rate bonds to fund purchases in other sectors. Despite the heavy new issue calendar, we were fairly selective given the preponderance of longer -dated issuance. Noteworthy new issue purchases included Occidental Petroleum fixed-rate 2021 and 2022's, whose proceeds were be used to help finance its purchase of Anadarko Petroleum. Additionally, we bought new issue Simon Property Group and Ameren Corp. 2024's as well as CVS Health 2024 and 2026's in some of our longer -dated portfolios. In the High Yield space, the ebbs and flows around trade headlines also generally drove risk appetite, spread movement and returns over the quarter, mirroring the investment grade credit market; however, the ICE BAML 1-5 Year U.S. Cash Pay High Yield Index saw its OAS increase 14 basis points to 426 from 412 over the period. High Yield has benefited from strong investor inflows this year but CCC's have meaningfully lagged of late, lifting the overall index OAS. In our accounts that allow High Yield, we remain very selective in evaluating opportunities, limiting our focus to shorter tenor issues in the BB space. Performance Attribution: Positive Our positioning in investment grade credit contributed positively to third-quarter portfolio performance across most strategies as credit spreads moved in a bit of a sawtooth pattern over the quarter, ending tighter. Our positioning in the Independent Energy and Technology subsectors and overweights to Banking and Health Care (including our Cigna and CVS Health positions plus hospital issues traded in the Municipals market but categorized as investment grade corporates) were positive contributors to portfolio excess return. Most other subsectors generated relatively modest, uneven excess returns with the notable exceptions of Insurance and Midstream, which weighed on performance, mainly in some of our longer -dated strategies. Agencies Government -sponsored enterprise (GSE) debt spreads were tighter by 1-2 basis points during the third quarter while U.S. dollar -denominated Supranational, Sovereign and Agency (SSA) fixed -maturity securities' spreads tightened by 4-5 basis points relative to comparable Treasuries. In addition, credit spreads on debt of Canadian provinces such as Ontario and Quebec were mostly unchanged to one basis point tighter over the quarter. We believe the tone across the various agency subsectors continues to be well supported. During the quarter, Fannie Mae (FNMA) and Freddie Mac (FHLMC) released second-quarter 2019 earnings, as both GSEs reported stronger results quarter -over -quarter. Net income for FNMA rose to $3.4 billion from $2.4 billion in the first-quarter while net income reported by FHLMC rose modestly to $1.5 billion from $1.4 billion. FNMA reported a net worth of $6.4 billion as of June 30 while FHLMC recorded $4.8 billion. As a result, FNMA will remit $3.4 billion in dividends to the U.S. Treasury, while FHLMC will distribute $1.8 billion. On the regulatory front, the Treasury released their long-awaited Housing Finance Reform Plan recommending a guarantor model with an explicit, paid for government guarantee which requires congressional legislation. The plan urged Congress to take legislative action but also encouraged the Federal Housing Finance Agency (FHFA) to continue pursuing administrative reforms. Given the 2020 presidential election is a little more than a year away, we believe any substantive legislative action will be muted as Congress will be less likely to take a vote on housing -related issues that could cause them to lose support from their constituents; however, we do expect some headway to be made on the administrative front, the path of least resistance. Senate Banking Committee chairman Mike Crapo (R-ID) stated that while his preference is to address Views expressed were current as of June 30, 2019, are subject to change, and may not reflect the manager's current views. Securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, or all of the securities held in client portfolios. The performance and portfolio holdings cited here were current as of June 30, 2019 and are subject to change. This document is only for distribution to, and the use of, current clients and consultants of MetLife Investment Management. 205 6 MetLife Management housing finance reform through legislation, the Trump administration should "begin moving forward on key administrative reforms". On the last day of the quarter the Treasury and FHFA announced they have altered the Preferred Stock Purchase Agreements (PSPAs) for FNMA and FHLMC to allow the companies to retain additional capital ($25 billion and $20 billion, respectively). This is the first significant change to the PSPAs since December 2017 when both GSEs were each allowed to retain $3 billion in capital. The new PSPAs effectively suspend the net worth sweep which has been in place since 2012 and mandated FNMA and FHLMC to remit all earnings above a small buffer to the Treasury. We view this as a positive starting point for GSE reform. At current valuations, we remain underweight the Agency sector overall. During the quarter we reduced our floating- rate exposure and sold bonds with low durations, in addition to reinvesting the proceeds from our called agency bond positions in fixed -maturity securities in other spread sectors. In terms of our outlook, against the backdrop of slowing global growth we feel any flight to quality will bode well for the Agency sector although spreads continue to offer only a small incremental yield pickup over Treasuries. We think supply/demand dynamics will continue into the fourth quarter as the pace of supply in the Agency space will lag demand, especially with the amount of debt trading at negative yields around the globe. We expect SSA supply to slow down in the fourth quarter with negative net issuance for the rest of the year. Low net supply in SSAs and GSEs could continue to keep spreads at tight levels. We will continue to look for opportunities to add to the Agency sector and expect to use major SSA issuers to target specific duration buckets across the yield curve. Performance Attribution: Neutral Our allocations to the various Agency subsectors and security selection generated mixed performance over the quarter across our strategies. Spreads in the Agency subsectors tightened over the quarter but conversely, our underweight in higher beta names, e.g. Petroleos Mexicanos (PEMEX), and Mexico government bonds that are in the benchmark indices that we did not own detracted from our performance. ABS Spreads on short -tenor asset -backed securities generally moved tighter over the course of the third quarter despite broader spread and rate volatility arising from trade tensions, concerns about global economic growth and Federal Reserve policy. Spreads on AAA -rated three-year credit card, prime auto and subprime auto tranches moved 8 basis points, 10 basis points, and 9 basis point tighter, respectively. Floating-rate Federal Family Education Loan Program (FFELP) student loan tranches underperformed with three-year FFELP tranches moving wider by 7 basis points quarter -over -quarter. The underperformance of FFELP tranches was asset -specific and likely driven by the tail risk given the longer average lives in this sector which is solely floating-rate as the market comes to grips with transition risks related to LIBOR. Short -tenor, high quality asset -backed bonds continued to see strong sponsorship amid solid U.S. consumer fundamentals and the inverted yield curve, resulting in a more attractive yield profile for short bonds relative to longer -tenor alternatives. The securitization industry gathered in September for the annual ABS East conference held in Miami. Market participants generally expressed confidence in U.S. consumer fundamentals and ABS collateral performance but were somewhat cautious given trade tensions and political uncertainty. The tone amongst CLO participants was mixed, with a focus on topics including loan fundamentals, CLO supply and idiosyncratic risks associated with underlying loan portfolios. New issue volume for third quarter was $51 billion, a 20.1% decrease compared to the prior quarter, but an 11 .0% increase compared to last year's pace of $46 billion. Issuance volume was led by the auto sector with $25 billion of new deals pricing during the quarter. Compared to the prior year, issuance in the auto and equipment sectors increased 9% and 13%, respectively. Issuance in credit card and student loan sectors was down 341)/0 and 27% year - Views expressed were current as of June 30, 2019, are subject to change, and may not reflect the manager's current views. Securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, or all of the securities held in client portfolios. The performance and portfolio holdings cited here were current as of June 30, 2019 and are subject to change. This document is only for distribution to, and the use of, current clients and consultants of MetLife Investment Management. 206 7 MetLife Management over -year, respectively. Although credit card issuance has trended downward during the year, volume has picked up as of late, with $8.3 billion of new issue deals pricing this quarter compared to $3.1 billion in the second quarter. On a year-to-date basis, new issue volume reached $173 billion, a slight decline compared to the $179 billion issued last year through the end of the third quarter. Credit card ABS continued to exhibit strong performance, supported by healthy U.S. consumer fundamentals. The quarter -over -quarter charge -off rate on the Wells Fargo index decreased 5 basis points to 2.30% and 60+ day delinquencies decreased 4 basis points to 1.00%. Wells Fargo noted that portfolio yields, excess spread and monthly payment rates are near all-time highs, while delinquency and charge -off rates are near all-time lows. Prime auto performance remained stable during the quarter, while the subprime auto sector saw an uptick in delinquencies and losses. The 60+-day delinquency rate on the Fitch Auto ABS indices for subprime delinquencies was 5.93% in August, an increase of 43 basis points since year-end and 104 basis points higher, year -over -year. In our view, the deterioration in subprime auto performance was driven by weaker lending standards and changes in the composition of issuers funding in the ABS market. While we focus on more established issuers that continue to perform within our expectations, we are also mindful of signs of weakness in the broader auto markets. New vehicle sales in August were up 11% year -over -year, for a 17.0 million Seasonally -Adjusted Annual Rate (SAAR), supported by the Labor Day weekend, strong fleet sales and dealer incentives. According to Cox Automotive, the annual pace of new vehicle sales remains steady and is forecasted to reach 16.9 million units in September, down slightly from August's 17.0 million level, but still reflecting a stable market. The Manheim Used Vehicle Index rose 0.62% month -over -month in August. The index value at 141.3 represents a 1.2% increase from a year ago and a record high for the index. During the quarter we modestly increased our ABS exposure given our favorable view on U.S. consumer fundamentals. We focused on high -quality, liquid benchmark subsectors like credit cards and prime autos given current trade tensions and global macro volatility. We were active in both the primary and secondary market, participating in new issue transactions from CarMax, Santander, Nissan, and Prestige. We also purchased the inaugural small and mid -sized equipment securitization issued by Hewlett Packard and new issue credit card transactions from Capital One and TD Bank. Going into the fourth quarter, we anticipate maintaining an overweight to the ABS sector while continuing to position our portfolios in high -quality, shorter duration bonds. Performance Attribution: Positive Benefiting from tighter spreads, our ABS portfolio positions contributed positive excess returns after adjusting for duration and yield curve exposure. Our fixed-rate holdings were the top performers with both prime and subprime auto bonds exhibiting the strongest performance. Our floating-rate exposure also performed positively, but more modestly than our fixed-rate holdings. CMBS Short tenor commercial mortgage -backed securities showed mixed performance over the course of the quarter. Compared to like -duration Treasuries, three-year AAA -rated conduit tranches ended the quarter at a spread of 39 basis points over Treasuries, 7 basis points tighter. In contrast, five-year AAA -rated conduit tranches ended the quarter at a spread of 60 basis points over Treasuries, 4 basis points wider. We attribute the relative outperformance of three-year conduit tranches to investor preference for the higher yields offered by shorter tenor tranches due to the current inversion of the yield curve. Agency CMBS generally performed well over the quarter. Three-year and five- year Freddie Mac "K-bond" tranches were essentially flat on spread over the quarter with three-year tranches at 34 basis points over Treasuries, unchanged on the quarter, and five-year tranches at 49 basis points over Treasuries, just 1 basis point tighter. In the third quarter, $23.6 billion of new private -label CMBS and $41.4 billion of new agency CMBS came to market. This compares to $20.9 billion and $38.8 billion, respectively, in the third quarter of last year. The month of September alone saw heavy non -agency issuance with almost $10 billion coming to market. This was the second Views expressed were current as of June 30, 2019, are subject to change, and may not reflect the manager's current views. Securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, or all of the securities held in client portfolios. The performance and portfolio holdings cited here were current as of June 30, 2019 and are subject to change. This document is only for distribution to, and the use of, current clients and consultants of MetLife Investment Management. 207 8 MetLife Management heaviest month so far this year, behind only $14.3 billion seen in May. Notably, this year's third-quarter issuance of new single -asset, single -borrower ("SASB") securitizations lagged last year's third quarter issuance with only $4.2 billion of new SASB deals coming to market, approximately half of last year's total for the period. Similar to the trend seen in the second quarter, agency CMBS issuance was fairly balanced between Freddie Mac and Fannie Mae, with Freddie K-bonds totaling $16.6 billion of new issuance, compared to Fannie Mae's issuance of $14.2 billion of "DUS" (single loan pools) and $4.2 billion of "GEMs" (multi -loan pool securitizations similar to K-bonds). CMBS delinquencies continued to trend lower after ticking upward slightly at the end of the second quarter. The Trepp 30+-day delinquency rate fell 3bps in September to 2.51 %, a record low. The rate has fallen 90 basis points year - over -year and has trended down since June 2017 when it was 5.75%. Over the course of the quarter, lodging properties surpassed both industrial and multifamily properties to become the best performing subsector with a 1.47% 30+-day delinquency rate, down 94 basis points over the quarter. Industrial properties finished second with a 2.0% delinquency rate, up 6 basis points over the quarter and multifamily came in third with a 2.43% delinquency rate, up 39 basis points over the quarter. Retail properties continued to remain the worst performing property type with a 4.15% 30+-day delinquency although the rate improved 29 basis points over the quarter. For post -crisis vintages ("CMBS 2.0+"), the 30+-day delinquency rate fell 2 basis points in September but rose 38 basis points over the course of the quarter to 0.87%. Supported by strength in the industrial and apartment sub -sectors, commercial property prices continued to climb during the quarter. The September release of the RCA CPPI National All -Property Index showed prices rising 0.8% in August, to end the quarter at 139.0, a record high and a year -over -year increase of 6.7%. Bolstered by the healthy domestic economy, industrial property prices increased 1.9% over the quarter and are up 12.5% year -over - year. Apartment properties have shown the second strongest annual gain of +7.1 % and were the best performing subsector in the third quarter, with prices rising 2.5%. Office properties are currently showing the slowest year -over - year growth, up only 2.0%, worse than even the challenged retail sector, which has seen prices rise 2.2%. RCA noted that weakness in suburban office properties, +0.7% year over year, dragged down the overall sector as central business district properties have shown 7.0% year -over -year price growth. At its current level, the index is now 31% above the prior August 2007 peak of 105.7 and is 103% higher than the post -crisis low of 68.4 in June 2010. We increased our exposure to the CMBS sector across the portfolios during the third quarter. We took advantage of wider spreads to add to our Freddie Mac K-bond holdings via secondary market purchases. For example, we purchased a 2.05-year WAL Freddie-K bond in the secondary market at a spread of 42 basis points over Treasuries. We also took advantage of attractive spreads in short conduit tranches and added to our holdings in that subsector. In the new issue space, we participated in a AAA -rated 1.90-year tranche of a floating-rate SASB deal collateralized by medical office and healthcare -related properties, at a spread of 112 basis points over one -month Libor. Over the course of the quarter agency CMBS outperformed agency RMBS as investors favored more stable prepayment profiles amid elevated interest rate volatility. In addition, agency CMBS generally outperformed non - agency CMBS over the quarter. In our view, September's volume of new issue supply weighed on non -agency spreads. Going forward, we anticipate being opportunistic in the non -agency CMBS space while sourcing agency CMBS as a core holding until volatility abates somewhat. We will also look to swap existing floating-rate assets into floating-rate SASB bonds. In our view SASB deals provide attractive opportunities to gain exposure to high -quality assets, provided that deal structures remain conservative and limit the number of extension options available to borrowers. Performance Attribution: Positive Our CMBS positions added to performance over the third quarter after accounting for duration and yield curve exposure. Our non -agency positions were the best performers although our agency holdings were also generally Views expressed were current as of June 30, 2019, are subject to change, and may not reflect the manager's current views. Securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, or all of the securities held in client portfolios. The performance and portfolio holdings cited here were current as of June 30, 2019 and are subject to change. This document is only for distribution to, and the use of, current clients and consultants of MetLife Investment Management. 208 9 MetLife Management positive. Within non -agencies, the positive performance was led by our fixed-rate conduit tranches although our floating-rate SASB holdings also performed well. RMBS The generic agency residential mortgage -backed sector underperformed relative to comparable Treasuries in the third quarter as the rally in interest rates triggered prepayment risks. On spread, shorter duration 15-year collateral outperformed on a relative basis 30-year collateral as the Treasury curve flattened into the rally. At the end of the quarter, bonds backed by 15-year collateral were 16 basis points wider to five-year Treasuries at a spread of 66 basis points and bonds backed by 30-year collateral were 27 basis points wider to ten-year Treasuries at a spread of 88 basis points. Non -agency spreads followed agency benchmarks wider over the quarter as faster prepayment speeds impacted the sector. Despite the overall weakness in the sector, our portfolio holdings provided positive excess returns due to our focus on owning well -structured bonds with lower prepayment risk profiles. The housing market showed some mixed signals as home price growth continued to decelerate while other metrics, fueled by low mortgage rates, showed signs of strength later in the quarter. The S&P Corelogic Case-Shiller 20-City Home Price Index increased only 2.0% year -over -year through July, the sixteenth straight month of slowing growth and the weakest since August 2012. For the twenty cities monitored in the index, Phoenix (+5.8%), Las Vegas (+4.7%) and Charlotte (+4.6%) showed the greatest year -over -year gains, while New York (+0.9%), San Francisco (+0.2%) and Seattle (-0.6%) showed the weakest performance. Notably, Seattle showed year -over -year declines for each month during the quarter. Despite a strong labor market and lower mortgage rates, higher home prices are creating affordability challenges for many borrowers with more expensive cities and pricier homes seeing the greatest slowdown in growth. Notably however, mortgage rates continued to fall over the quarter, with the Freddie Mac 30- year commitment rate dropping 8bps to 3.65%, a level were the majority of mortgage collateral is re-financeable. In comparison, one year ago Freddie's 30-year commitment rate stood at 4.72%. The primary -secondary mortgage spread widened 4bps over the quarter, as originators grappling with capacity constraints declined to pass the entire benefit of lower interest rates on to borrowers. With housing activity typically exhibiting a 1-3 month lagged reaction to changes in mortgage rates, September data releases saw home sales and homebuilder sentiment numbers coming in better than economist estimates as the impact of lower mortgage rates took hold. Existing home sales rose 1.3% in August to a 5.49 million annualized pace, ahead of estimates of a 5.38 million pace and the highest level in more than a year. Likewise, new home sales rose 7.1 % in August to a 713,000 annualized pace, also beating estimates. Homebuilder sentiment also rose to an 11-month high with the National Association of Home Builders ("NAHB") sentiment index rising to 68 in September from an upwardly revised 67 reading in August. In a statement, NAHB Chief Economist Robert Dietz stated that "Solid household formations and attractive mortgage rates are contributing to a positive builder outlook. However, builders are expressing growing concerns regarding uncertainty stemming from the trade dispute with China". Over the course of the quarter, as the sector weakened, we increased our allocation to RMBS across portfolios. We believe that the consumer is fundamentally in good shape and that the healthy jobs market and low interest rates can help support home prices and mortgage performance. However, we are mindful of heightened prepayment risk in the current rate environment and remain defensive regarding mortgage convexity. Accordingly, we continued to increase our exposure to short -tenor CMOs collateralized with very seasoned collateral which, at current spreads, we find more attractive than CMOs backed by more recent vintages. In non -agencies, our activity was more limited and consisted of several opportunistic secondary market purchases to add to our existing portfolio holdings. We did not participate in any new issue deals. Going forward, we believe the impact of prepayments on portfolios should be manageable given the defensive nature of our holdings. Nonetheless, we do anticipate an increase in prepayment speeds in the near term and would look to maintain or modestly increased RMBS exposure across portfolios. At current spreads, we are likely to continue to prefer seasoned short -tenor agency CMOs similar to those that we have recently purchased. We remain opportunistic Views expressed were current as of June 30, 2019, are subject to change, and may not reflect the manager's current views. Securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, or all of the securities held in client portfolios. The performance and portfolio holdings cited here were current as of June 30, 2019 and are subject to change. This document is only for distribution to, and the use of, current clients and consultants of MetLife Investment Management. 209 10 MetLife Management in non -agencies and would add to our holdings should we find securities that offer value relative to agencies. Absent that, we are content to reinvest the prepayments from our non -agency holdings into more liquid agency alternatives. Performance Attribution: Positive After accounting for duration and yield curve exposure, our RMBS positions added to portfolio performance over the third quarter. Our agency CMO positions were our top performers, although our non -agency holdings also performed well. Our specified pool positions were mostly negative, in line with wider spreads for benchmark collateral, and our agency ARM holdings were generally flat. Municipals Overall new issuance in the municipal market was up again in the third quarter, coming in at $103 billion, up from $75 billion and $92 billion in the first and second quarters, respectively. Taxable issuance of $17 billion, however, was up significantly in the third quarter, compared to the $15.2 billion issued during the first six months of 2019. Recall the glut of advance refunding issuance back in December 2017 just before tax reform, which would prohibit the use of tax-exempt bonds for advance refundings, went into effect. After January 1, 2018, outstanding tax-exempt bonds could only be advance refunded using taxable debt. While we eventually expected to see issuers use the taxable market to advance refund, the year -and -a -half following the tax reform implementation was light as many issuers planning to advance refund got their deals done by the end of 2017. However, given the decrease in interest rates during the second and third quarters, it made sense for certain issuers to utilize the taxable market to advance refund some outstanding debt. Despite the strong demand for tax-exempt bonds as evidenced by the $23 billion of inflows to municipal bond mutual funds over the third quarter, they underperformed Treasuries across the maturity spectrum for the quarter, according to the ICE BAML indices. On the taxable side, however, municipals outperformed similar - duration Treasuries in both the front end of the yield curve as well as across the broad market. News over the quarter included Jacksonville Electric Authority's (JEA) continued attempt to void their power purchase agreement (Project J PPA) with the Municipal Electric Authority of Georgia (MEAG). The Project J PPA is for offtake from the Vogtle nuclear reactors under construction in Georgia. Despite the legal challenge, MEAG issued $616 million Project J bonds via a private placement on July 19. We believe the issuance is a credit positive for the project, as it shows the market's continued support. The issuance also eliminated near -term lending risk, as Project J will only need immaterial additional financing for their share of the project, absent additional cost overruns. Interestingly, four days later, JEA's Board of Directors approved a resolution to grant authority for its CEO to explore privatization of the utility. We continue to follow these developments and expect a sale to take a considerable amount of time as it must be approved by voters. In September one of our analysts attended a site visit at the Vogtle nuclear reactors where it was clear that management views Vogtle as a high priority and is aggressively trying to meet the accelerated in- service schedule. Management anticipates the two reactors will be in service November of 2021 and 2022. We view this as a credit positive for the obligors of these projects, as the final costs and in-service dates are easier to project at this point in the construction process. Fitch upgraded the State of California to AA from AA- on August 16, reflecting improved fiscal management, tax increases and revenue growth that will allow the Golden State to better withstand econom is and revenue cycles. Building up its rainy -day fund has made California less vulnerable to future economic downturns and more prepared for a potential recession. While this is a credit positive for the State, California G.O. bonds were already trading at tight levels; we saw little spread movement in our holdings following this upgrade. Debt from issuers within California is widely held across our strategies. Our municipal trading activity picked up during the third quarter as the increase in taxable issuance resulted in opportunities in both the primary and secondary markets. While the primary market continued to be oversubscribed, spreads looked reasonably attractive for high -quality rated issuers. We purchased several airport, toll road, and higher Views expressed were current as of June 30, 2019, are subject to change, and may not reflect the manager's current views. Securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, or all of the securities held in client portfolios. The performance and portfolio holdings cited here were current as of June 30, 2019 and are subject to change. This document is only for distribution to, and the use of, current clients and consultants of MetLife Investment Management. 210 11 MetLife Management education bonds. Additionally, the combination of lower interest rates and the timing of various issuers' ability to refinance their debt, numerous California Community College Districts came to market, refinancing their tax-exempt debt with taxable debt, and we participated in several of these issues. Given the trajectory of interest rates and the timing of issuers needs to advance refund, we expect new issue municipal supply to remain healthy in the fourth quarter. While certain Transportation, Infrastructure and Utility issuers will need to raise money for maintenance and capital projects, we expect the lion's share of the taxable issuance in the fourth quarter to be advance refundings of outstanding debt. From a credit perspective, we still favor the Transportation and Utility subsectors and are comfortable with many Healthcare credits as well. Many of the states that have struggled with their finances recently such as Connecticut, New Jersey and Illinois have seen their revenue collections rebound in 2019, although underfunded pension liabilities still pose a long-term threat. Any potential economic recession would likely be felt to a larger degree in these states, as they would have less flexibility to address their financial struggles if revenues were to decline. We continue to view the Municipal market as a defensive sector and will look for opportunities in this sector to upgrade the average credit quality of our portfolios. Performance Attribution: Neutral Performance of our municipal holdings over the third quarter ranged from neutral to slightly positive across our strategies. On an excess return basis, some of our better -performing municipal subsectors included Transportation, Power and Local Government. The majority of our holdings, however, exhibited neutral performance. Views expressed were current as of June 30, 2019, are subject to change, and may not reflect the manager's current views. Securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, or all of the securities held in client portfolios. The performance and portfolio holdings cited here were current as of June 30, 2019 and are subject to change. This document is only for distribution to, and the use of, current clients and consultants of MetLife Investment Management. 211 12 MetLife Management Disclaimers This document is being provided to you at your specific request. This document has been prepared by Logan Circle Partners, L.P., a U.S. Securities Exchange Commission -registered investment adviser. Logan Circle Partners, L.P. is a subsidiary of MetLife, Inc. and part of MetLife Investment Management.1 For investors in the EEA, this document is being distributed by MetLife Investment Management Limited ("MIML"), authorised and regulated by the UK Financial Conduct Authority (FCA reference number 623761), registered address Level 34 1 Canada Square London E14 5AA United Kingdom. This document is approved by MIML as a financial promotion for distribution in the UK. This document is only intended for, and may only be distributed to, investors in the EEA who qualify as a Professional Client as defined under the EEA's Markets in Financial Instruments Directive, as implemented in the relevant EEA jurisdiction. The investment strategy described herein is intended to be structured as an investment management agreement between MIML (or its affiliates, as the case may be) and a client, although alternative structures more suitable for a particular client can be discussed. For investors in Japan, this document is being distributed by MetLife Asset Management Corp. (Japan) ("MAM"), a registered Financial Instruments Business Operator ("FIBO") conducting Investment Advisory Business, Investment Management Business and Type II Financial Instruments Business under the registration entry "Director General of the Kanto Local Finance Bureau (Financial Instruments Business Operator) No. 2414" pursuant to the Financial Instruments and Exchange Act of Japan ("FIEA"), and a regular member of the Japan Investment Advisers Association and the Type II Financial Instruments Firms Association of Japan. In its capacity as a discretionary investment manager registered under the FIEA, MAM provides investment management services and also sub -delegates a part of its investment management authority to other foreign investment management entities within MIM in accordance with the FIEA. This document is only being provided to investors in Japan who are Qualified Institutional Investors (tekikaku kikan toshika) as defined in Article 10 of Cabinet Office Ordinance on Definitions Provided in Article 2 of the FIEA. It is the responsibility of each prospective investor to satisfy themselves as to full compliance with the applicable laws and regulations of any relevant territory, including obtaining any requisite governmental or other consent and observing any other formality presented in such territory. MetLife, Inc. provides investment management services to affiliates and unaffiliated/third party clients through various subsidiaries.1 MetLife Investment Management ("MIM"), MetLife, Inc.'s institutional investment management business, has more than 900 investment professionals located around the globe. MIM is responsible for investments in a range of asset sectors, public and privately sourced, including corporate and infrastructure private placement debt, real estate equity, commercial mortgage loans, customized index strategies, structured finance, emerging market debt, and high yield debt. The information contained herein is intended to provide you with an understanding of the depth and breadth of MIM's investment management services and investment management experience. This document has been provided to you solely for informational purposes and does not constitute a recommendation regarding any investments or the provision of any investment advice, or constitute or form part of any advertisement of, offer for sale or subscription of, solicitation or invitation of any offer or recommendation to purchase or subscribe for any securities or investment advisory services. Unless otherwise specified, the information and opinions presented or contained in this document are provided as of the quarter end noted herein. It should be understood that subsequent developments may affect the information contained in this document materially, and MIM shall not have any obligation to update, revise or affirm. It is not MIM's intention to provide, and you may not rely on this document as providing, a complete or comprehensive analysis of MIM's investment portfolio, investment strategies or investment recommendations. No money, securities or other consideration is being solicited. No invitation is made by this document or the information contained herein to enter into, or offer to enter into, any agreement to purchase, acquire, dispose of, subscribe for or underwrite any securities or structured products, and no offer is made of any shares in or debentures of a company for purchase or subscription. Prospective clients are encouraged to seek advice from their legal, tax and financial advisors prior to making any investment. Confidentiality. By accepting receipt or reading any portion of this Presentation, you agree that you will treat the Presentation confidentially. This reminder should not be read to limit, in any way, the terms of any confidentiality agreement you or your organization may have in place with Logan Circle. This document and the information contained herein is strictly confidential (and by receiving such information you agree to keep such information confidential) and are being furnished to you solely for your information and may not be used or relied upon by any other party, or for any other purpose, and may not, directly or indirectly, be forwarded, published, reproduced, disseminated or quoted to any other person for any purpose without the prior written consent of MIM. Any forwarding, publication, distribution or reproduction of this document in whole or in part is unauthorized. Any failure to comply with this restriction may constitute a violation of applicable securities laws. Past performance is not indicative of future results. No representation is being made that any investment will or is likely to achieve profits or losses or that significant losses will be avoided. There can be no assurance that investments similar to those described in this document will be available in the future and no representation is made that future investments managed by MIM will have similar returns to those presented herein. No offer to purchase or sell securities. This Presentation does not constitute an offer to sell or a solicitation of an offer to buy any security and may not be relied upon in connection with the purchase or sale of any security. No reliance, no update and use of information. You may not rely on this Presentation as the basis upon which to make an investment decision. To the extent that you rely on this Presentation in connection with any investment decision, you do so at your own risk. This Presentation is being provided in summary fashion and does not purport to be complete. The information in the Presentation is provided to you as of the dates indicated and MIM does not intend to update the information after its distribution, even in the event that the information becomes materially inaccurate. Certain information contained in this Presentation, includes performance and characteristics of MIM's by independent third parties, or have been prepared internally and have not been audited or verified. Use of different methods for preparing, calculating or presenting information may lead to different results for the information presented, compared to publicly quoted information, and such differences may be material. Risk of loss. An investment in the strategy described herein is speculative and there can be no assurance that the strategy's investment objectives will be achieved. Investors must be prepared to bear the risk of a total loss of their investment. No tax, legal or accounting advice. This Presentation is not intended to provide, and should not be relied upon for, accounting, legal or tax advice or investment recommendations. Any statements of U.S. federal tax consequences contained in this Presentation were not intended to be used and cannot be used to avoid penalties under the U.S. Internal Revenue Code or to promote, market or recommend to another party any tax -related matters addressed herein. Forward -Looking Statements. This document may contain or incorporate by reference information that includes or is based upon forward -looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward -looking statements give expectations or forecasts of future events. These statements can be identified by the fact that they do not relate strictly to historical or current facts. They use words and terms such as Views expressed were current as of June 30, 2019, are subject to change, and may not reflect the manager's current views. Securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, or all of the securities held in client portfolios. The performance and portfolio holdings cited here were current as of June 30, 2019 and are subject to change. This document is only for distribution to, and the use of, current clients and consultants of MetLife Investment Management. 212 13 LMetLife Management "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "will," and other words and terms of similar meaning, or are tied to future periods in connection with a discussion of future performance. Forward -looking statements are based on MIM's assumptions and current expectations, which may be inaccurate, and on the current economic environment which may change. These statements are not guarantees of future performance. They involve a number of risks and uncertainties that are difficult to predict. Results could differ materially from those expressed or implied in the forward -looking statements. Risks, uncertainties and other factors that might cause such differences include, but are not limited to: (1) difficult conditions in the global capital markets; (2) changes in general economic conditions, including changes in interest rates or fiscal policies; (3) changes in the investment environment; (4) changed conditions in the securities or real estate markets; and (5) regulatory, tax and political changes. MIM does not undertake any obligation to publicly correct or update any forward -looking statement if it later becomes aware that such statement is not likely to be achieved. 1.Subsidiaries of MetLife, Inc. that provide investment management services include Metropolitan Life Insurance Company, MetLife Investment Advisors, LLC, MetLife Investment Management Limited, MetLife Investments Limited, MetLife Investments Asia Limited, MetLife Latin America Asesorias e Inversiones Limitada, MetLife Asset Management Corp. (Japan), Logan Circle Partners, L.P. and Logan Circle Partners, I LLC. L1019519061[exp0320][AII States] Views expressed were current as of June 30, 2019, are subject to change, and may not reflect the manager's current views. Securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, or all of the securities held in client portfolios. The performance and portfolio holdings cited here were current as of June 30, 2019 and are subject to change. This document is only for distribution to, and the use of, current clients and consultants of MetLife Investment Management. 213 ATTACHMENT 18 Payden&Rygel QUARTERLY PORTFOLIO REVIEW Riverside County Transportation Commission 3rd Quarter 2019 I wr PAYDEN.COM LOS ANGELES I BOSTON I LONDON I MILAN 214 LETTER FROM THE CEO October 2019 As we begin the fourth quarter of 2019, two trends continue to dominate the global economy. First, as we have mentioned many times, emerging market countries' share of global GDP has overtaken that of developed countries (as shown in the pie charts below). The continued growth of emerging markets has helped offset some of the recent weakness in developed markets, and expectations for global GDP growth in 2019 remain around 3%. With many central banks now shifting to easing mode, we wouldn't be surprised to see an improvement in economic activity in the near future. Share of World Output Emerging Market Countries Developed Countries 2000 2020 43% $50 Trillion $150 Trillion 57% 40% Source: International Monetary Fund, World Economic Outlook The second major trend is a continuation of low and negative interest rates worldwide. This is a phenomenon the magnitude of which we have never seen before. In fact, there is currently more than $15 trillion worth of negatively yielding debt. Developed world central banks' accommodative monetary policy explains much of the trend, as they've become big buyers of "safe" assets in the last decade. Against this background, there has been a huge demand for income -producing investments, and we believe this low interest rate environment may continue for some time to come. We are managing your portfolio while remaining conscious of the need for liquidity when the environment changes. We will certainly keep you apprised immediately of any changes we see in the future. In the meantime, my very best wishes. 42-tc(29— Joan A. Payden President & CEO 215 2812 Riverside County Transportation Commission Portfolio Review and Market Update - 3rd Quarter 2019 PORTFOLIO CHARACTERISTICS (As of 9/30/2019) Portfolio Market Value Weighted Average Credit Quality Weighted Average Duration Weighted Average Yield to Maturity $53.7 million AA+ 1.89 years 1.82% SECTOR ALLOCATION mi 60% 50% 40% 30% 2 0 % 1 0 % 0% ae.§\ Giea• � ������ �a�ea 0O ogee OeG�ea �<e Peee� P�' aoe �O DURATION DISTRIBUTION 60% 5 0 % 4 0 % 30% 20% 10% 0% 0-1 1-2 2-3 3+ Years PORTFOLIO RETURNS - Periods Ending 9/30/2019 RCTC Operating Portfolio ICE BofAML 1-3 Year US Treasury Index Periods over one year are annualized Since 3rd 2019 Trailing Inception Quarter YTD 1 Yr (3/1/15) 0.64% 3.24% 4.36% 1.57% 0.58% 3.03% 4.36% 1.34% pPayden & Rygel • 333 South Grand Avenue • Los Angeln6California goo7i • (213) 625-igoo • www.payden.com Portfolio Review and Market Update - 3rd Quarter 2019 2812 MARKET THEMES It was a bumpy third quarter with geopolitical headlines driving markets. The escalating U.S.-China trade war, conflicts in the Middle East, economic slowdown in Europe, and uncertainty around an impending Brexit outcome resulted in U.S. Treasury yields continuing to fall as the curve remained partly inverted. With negative interest rates in many foreign government bonds, questions continue about whether U.S. yields will follow. The Federal Open Market Committee cut rates twice, lowering the Fed Funds target range to 1.75% to 2.00%, and is divided on the future path of rates, indicating that future rate cuts would be data dependent. The Fed also intervened in money markets, injecting cash into the system to stabilize the overnight repo market. This easier monetary policy led to tighter credit spreads and positive performance for stocks and bonds over the quarter despite increased volatility. ■ The portfolio continues to hold a diversified mix of non -government sectors for income generation. ■ We remain overweight and constructive on short -dated credit given attractive yields, lack of supply and solid fundamentals. ■ We continue to diversify our credit exposure through corporates, ABS and MBS sectors, in order to maintain diversified sources of high -quality income. As the FOMC reduced its targeted range for the Fed Funds rate, yields continued to fall with two-year notes trading in a 50 basis point range (1.4% - 1.9%) during the quarter before closing at 1.6%. The U.S. yield curve remains mostly inverted, and the market continues to price in a modest amount of additional easing from the Fed. ■ The one-year note fell from 1.93% to 1.76%, while the slope between two- and five-year maturities remained inverted over the quarter finishing at-0.08%. ■ One -month LIBOR fell 38 basis points to 2.02% and three-month LIBOR decreased 23 basis points to 2.09%. Corporate securities outperformed Treasuries, driven by both their income advantage and price performance. High -quality ABS also outperformed Treasuries but slightly underperformed corporates. We continued to reduce exposure to floating rate securities over the quarter. pPayden & Rygel • 333 South Grand Avenue • Los Ange1n�California goo7i • (213) 625-igoo • www.payden.com MARKET PERSPECTIVE The Upside Down World of Negative Rates During the third quarter of 2019, the market value of negative -yielding bonds surged to $17 trillion. What's behind the negative yield trend? Global central banks have moved to stimulate their respective economies by slashing short- term rates and purchasing longer -term bonds. The former move suggests rates will be low for longer and the latter move constrains the supply of available "safe" bonds for real investors. Both of these forces combined in Q3 to push interest rates lower. Ever wonder who buys negative -yielding bonds? Wonder no longer. Global central banks hold almost 80% of the world's negative -yielding debt. Rather than buying purely for investment reasons, central banks seek to boost their domestic economies. Has it worked? In terms of macroeconomic outcomes, we conclude that it hasn't. Global growth remains lackluster, and inflation is below most central bank targets. Negative yields have forced investors into new investment areas like private debt, a murky, illiquid sector which has grown from $42 billion in 2000 to $767 billion in 2018. Negative yields have also driven investors to the U.S. bond market, where positive yields still exist across the curve. In conclusion, the global low yield backdrop looks set to persist well into 2020. Negative Yielding Debt Outstanding Who Owns Negative Yielding Debt? $6 $4 $2 $0 At the recent peak, $17 trillion of debt traded with negative yields around the world. 2-year government bond yields are negative in 18 countries including Japan, Italy, and Germany. '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 Central Banks Mutual Funds Share of Total 0% 20% 40% 60% 80% 79.0% 18.1% ETFs 1.6% Asset Management/ Financial Services Pension Funds/ Insurance Others 0.6% 0.4% 0.3 % r Mystery solved? Most negative yielding debt is held by central banks, although other "price -oriented" buyers have been active in the bond markets Source: The Conference Board, Federal Reserve, NBER, Payden Calculations 218 OVER 35 YEARS OF INSPIRING CONFIDENCE WITH AN UNWAVERING COMMITMENT TO OUR CLIENTS' NEEDS. LOS ANGELES I BOSTON I LONDON I MILAN PAYDEN.COM OUR STRATEGIES Multi -Sector Short Maturity Bonds U.S. Core Bond Absolute Return Fixed Income Strategic Income Global Fixed Income Liability Driven Investing Sector -Specific Emerging Markets Debt Government/Sovereign High Yield Bonds & Loans Inflation-Linked/TIPS Investment Grade Corporate Bonds Municipal Bonds (U.S.) Securitized Bonds Income -Focused Equities Equity Income Available in: Separate Accounts — Mutual Funds (U.S. and UCITS) Collective Trusts ("CITs") — Customized Solutions For more information about Payden & Rygel's strategies, contact us at a location listed below. Payden&Rygel LOS ANGELES 333 South Grand Avenue Los Angeles, California 90071 213 625-1900 BOSTON 265 Franklin Street Boston, Massachusetts 02110 617 807-1990 LONDON 1 Bartholmew Lane London EC2N 2AX UK +44 (0) 20-7621-3000 MILAN Corso Matteotti, 1 20121 Milan, Italy +39 02 76067111 219 ATTACHMENT 19 County of Riverside Treasurer Pooled Investment Fund Se•tember Contents I Treasurer's Pooled Investment Fund I Economy I Market Data I Portfolio Data I Compliance Report I Month End Holdings See the digital copy countytreasurer.org fo v Market Committee's JEROME POWELL �= Chair, Federal Reserve Board monthly TPIF report at deo of the Federal Open r 18 pros conference. Federal Reserve Chair Jerome Powell during the September 18 FOMC press conference. Digital Image. Federal Reserve Board. https://www.youtube.com/user/FedReserveBoard COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR 221 1 Treasurer's Pooled Investment Fund Monthly Commentary News of the Federal Reserve (FED) rate cut in September was pushed to the back pages as geopolitical events and domes- tic politics dominated headlines. The 2-year Treasury was 1.63% at month end, the low- est since October 2017. Back then, three straight quarters of above 3% real GDP growth and tax reform fostered expecta- tions for higher rates. Growth of real GDP fell to 2% in 2Q19. Now, investors expect slower economic growth to lead to more rate cuts. The FED cut rates in September, while in the Middle East a drone attack on Saudi Arabia caused one of the world's largest oil processing facilities to shut down. Accord- ing to Saudi Aramco, the closure impacted about 5% of the world's daily oil produc- tion, but is estimated to be fully restored by the end of September. Europe continues to lead to a messy divorce as the U.K's Brexit deadline ap- proaches on October 31, and riots in Hong Kong continue to disrupt the trading hub, crimping long-term investment decisions. On the U.S.-China trade front, additional tariffs took effect in September, and more are expected on December 15. Talks, how- ever, are scheduled to resume on October 10. September was capped off with a polit- ical firestorm over the Ukrainian 'presidential phone call' scandal. Treasurer's Statement An Abundance of Uncertainty Empowered by a tight labor market and low inflation, consumers were able to shake off tariff -related concerns to keep consum- er spending in expansionary territory in Au- gust. The rate of nonfarm payrolls contin- ued to slow down in August from 2018 lev- els, adding 130k jobs. However, initial job- less claims and the unemployment rate suggest that the labor market remains at its tightest in half a century. Industrial data for August was mixed. On one hand, the FED's industrial production index beat consensus expectations for pro- duction, manufacturing, and capacity utilization. On the other, the PMI manufac- turing index showed flat growth, highlight- ed by a 10-year low in export orders, while the ISM manufacturing index showed the sector contracted in August. Data published in September suggest that the national housing market remains firm. The number of new home sales in Au- gust brought the three-month average up to 703k, the highest since October 2007. Existing home sales grew at an annual pace of 5.490 million, the best showing of 2019. Nationwide, home price growth con- tinued to trend down towards 2.0% Y/Y in July. In Riverside County, data from Core - Logic shows house prices grew 3.9% Y/Y in August, up from 3.4%Y/Y in July. The Treasurer's Pooled Investment Fund is comprised of contributions from the county, schools, special districts, and other discretionary depositors throughout the County of Riverside. The primary objective of the treasurer shall be to safeguard the principal of the funds under the Treasurer's control, meet the liquidity needs of the depositor, and to maximize a return on the funds within the given parameters. The Treasurer -Tax Collector and the Capital Markets team are committed to maintaining the highest credit ratings. The Treasurer's Pooled Investment Fund is currently rated Aaa-bf by Moody's Investor Service and AAAf/S1 by Fitch Ratings, two of the nation's most trusted bond credit rating services. Since its inception, the Treasurer's Pooled Investment Fund has been in full compliance with the Treasurer's Statement of Investment Policy, which is more restrictive than California Government Code 53646. 6-Month Pool Performance In the Eurozone, manufacturing activity could be a canary in the coalmine for an impending recession. Eurozone manufac- turing PMI data fell from 47.0 in July to 45.6 in August, the steepest contraction since October 2012. Confronted with low inflation and soft- ness in job growth, exports, fixed income investment, manufacturing activity, and global economic growth, Federal Reserve (FED) officials elected to cut rates to 1.75- 2.00% on September 18. FED officials are likely to cut rates by another 25bps before the end of the year to help stave off a re- cession. The Treasury bond market saw yields rise slightly in September, as investors eased off a bit on further rate cut expectations. The 2-year treasury began the month with a yield of 1.47% and ended at 1.63%. The 5- year treasury began the month with a yield of 1.35% and ended at 1.55%. The FED cut short-term interest rates by 25 bps. The in- version of the Treasury yield curve contin- ued, with the 3-month Treasury bill (1.88%) out -yielding the 10-year Treasury note (1.68%) by 20 basis points. Jon Christensen Treasurer -Tax Collector Capital Markets Team Jon Christensen Treasurer -Tax Collector Giovane Pizano Chief Investment Manager Steve Faeth Senior Investment Manager Isela Licea Assistant Investment Manager Jake Nieto Administrative Services Analyst Month End Market Month End Book Value ($)* Value ($) Paper Gain or Loss ($) Paper Gain or Book Yield Loss (%) (%) WAM (Yrs) Sep-19 Aug-19 Jul-19 Jun-19 May-19 Apr-19 6,351,986,977.01 6,417,639,034.28 6,570,927,735.30 6,838,812,308.82 7,583,793,753.68 8,177,376,431.91 6,333,085,946.48 6,389,269,000.29 6,550,099,863.71 6,81 1,213,591.28 7,563,023,912.99 8,168,198,799.92 18,901,030.53 28,370,033.99 20,827,871.59 27,598,717.54 20,769,840.69 9,177,631.99 0.30% 0.44% 0.32% 0.41 % 0.27% 0.11% 2.13 2.23 2.29 2.32 2.35 2.36 1.10 1.13 1.13 1.06 1.09 1.09 *Market values do not include accrued interest. COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR 222 2 Economy National Economy The U.S. labor market remains tight as real average hourly earnings climb higher and unemployment insurance claims stay at the low- est in half a century. [FRED; 10/08/2019] • Job growth has slowed down this year. Through the first eight months, nonfarm payroll growth fell from 234k per month in 2018 to 164k per month in 2019. [FRED. 10/08/2019] Despite vehicle sales trending above 17mn in August, growth in durable goods orders was flat Y/Y, indicating an overall slowdown in manufacturing. [FRED; 10/08/2019] U.S. Nonfarm Payrolls thousands M/M M/M 6 mo. trailing avg. 350.0 - 300.0 250.0 200.0 150.0 100.0 50.0 0.0 .�b 569 Percent 20.0 - 15.0 - 10.0 - 5.0 0.0 -5.0 r as�1 ���ul li dll.11ll II I��50,b�II��II��CI State Economy California's unemployment rate fell to 4.1% in August, the lowest since data was made available in 1976. [FRED; 10/08/2019] Job growth in CA and the Inland Empire grew around 2.0% Y/Y in August, mirroring national trends. [FRED; 10/08/2019] Despite lower mortgage rates, home sales in Southern Califor- nia were the lowest since 2015 and home prices were un- moved Y/Y in August. [LA Times; 10/08/2019]. CA has "fallen behind in home production relative to popula- tion growth and future needs." [UCLA Anderson; 10/09/2019] U.S. New Home Sales SAAR thousands 800.0 700.0 600.0 500.0 - 400.0 - 300.0 hill 200.0 P0C3 boo PJ4 New Home Sales (LHS) 30-Year Fixed Mortgage Rate (RHS) Percent 6.0 19' 1� < e PJ0 1q 1q Qom PJ� 5.0 4.0 3.0 2.0 1.0 0.0 U.S. Durable Goods Orders Y/Y CA Monthly New Residential Building Permits New Permits New Permits 6 mo. trailing avg. ...1.11.111111.1111111.. . -11 1 I kb kb .(1 (1 �1 k`b ,kO .�w ,J'Y ÷04' 4,6' ,J,, �o Key Economic Indicators 1q 1q \--\`Ol' �J\ 14,000 12,000 10,000 8,000 6,000 4,000 2,000 / 0 i Oq `O 1k ,q, 10 .�b ;\)\b ;1 ;\ �i .0 J� .0 J� .0 .0 .0 J� .0 J� .0P P P P P P P P P P P Release Date Indicator Actual Consensus Prior Year 09/26/2019 09/06/2019 09/06/2019 09/12/2019 09/12/2019 09/05/2019 09/25/2019 09/05/2019 09/27/2019 Real GDP - Q/Q Change - SAAR - 2Q19 (3rd estimate) Unemployment Rate - Seasonally Adjusted Non -Farm Payrolls - M/M Change - Thousands CPI - Y/Y Change CPI Ex Food and Energy - Y/Y Change ISM Non -Manufacturing Index (> 50 indicates growth) New Home Sales - SAAR - Thousands Factory Orders - M/M Change Durable Goods Orders - New Orders - M/M Change 2.0% 3.7% 130 1.7% 2.4% 56.4 713 1.4% 0.2% 2.0% 3.7% 163 1.7% 2.3% 54.0 662 1.0% -1.2% 3.5% 3.8% 282 2.7% 2.2% 58.8 604 -0.3% 4.2% *Note: 'Prior Year' displays final estimates of indicator values from the equivalent period of the prior year. COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR 223 3 Market Data FOMC Meeting 09/18/2019 • The FOMC stated that data received since their last meeting in July "indicates that the labor market remains strong and that economic activity has been rising at a moderate rate." • The Federal Open Market Committee lowered the Fed Funds Target Rate to 1.75-2.00% from 2.00-2.25%. • The FOMC stated in their September 18 press release that "sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective as the most likely outcomes, but uncertainties about this outlook remain." Fed Funds Target Rate (Upper Limit) 3.00% 2.50% 2.00% 1.50% 1 I 1.00% ,\(?) \a \$ \55 -\q \q Nq �q �q \q �q �q �q Se9 Oct peG )�� Few �•�� P�� \,1\dX y)'K U.S. Treasury Curve 2.50 1.00 0 —0— 09/03/2019 - 09/30/2019 5 10 15 Years 20 25 L 30 Treasury Curve Differentials 3 Mo 6 Mo 1 Yr 2 Yr 3 Yr 5 Yr 10 Yr 30 Yr 09/30/2019 - 09/03/2019 09/30/2019 09/03/2019 1.98 1.88 -0.10 -0.05 1.88 1.83 0.03 0.16 1.75 1.63 1.72 1.47 0.18 0.20 1.56 1.55 1.38 1.35 0.21 0.17 1.68 2.12 1.47 1.95 The US Treasury Curve and its values are subject to frequent change and will be updated monthly with each issued TPIF report. COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR 224 4 Market Data cont'd Percent 4.0 3.0 2.0 1.0 It 0.0 -1.0 U.S. Treasuries - Recession 3M-10YSpread qq 0� 00 0� 01 0 N 10 15 �A 1q J0 J0 J0 .0 J� J0 J0 J0 .0 P P P P P P P P P P P *Note: Shaded areas indicate U.S. recessions. 75.00 65.00 55.00 45.00 Nymex Crude (LHS) Percent 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 Recession 2Y Treasury Yield 0.0 qq O� 00 O<o 01 J4 J4 J4 J4 J4 J4 P P P P P P P Commodities Nymex Nat Gas (RHS) 5.00 �40 0 �0 q `q �q \q PJC) QGP O06 �� P4 28,000.00 26,000.00 24,000.00 22,000.00 Dow Jones 4.50 4.00 3.50 3.00 2.50 2.00 1b 1b N0 1q �q 1q 1q Stocks P S PJPJPJq 4 4 4 Precious Metals Industrial Metals 200.00 180.00 160.00 ` - 140.00 120.00 - 100.00 PJA Oo Oe' Fob Qp� NJ• c PJ• 4 8,000.00 - 7,500.00 7,000.00 6,500.00 2,800.00 2,600.00 NASDAQ 100 (LHS) S&P 500 (RHS) 6,000.00 N N �0 N Nq NA NA PJ) 0 Oe, key vs. �J� PJ� 2,400.00 *Values listed for commodities and stocks are in US dollars and are as of the final business day of each month. COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR 225 5 Portfolio Data The County of Riverside's Treasurer's Pooled Investment Fund is currently rated AAA-bf by Moody's Investor Service and AAAf/S1 by Fitch Ratings. Moody's Asset Rating (000's) Book MKT/Book % Book Yield Aaa Aal Aa2 Aa3 NR Totals: 4,882,583.56 100.31 % 77.06% 2.09% 171,944.05 100.53% 2.72% 2.27% Aaa 262,517.51 100.73% 4.15% 2.36% 77% 101,056.12 100.00% 1.60% 2.80% 915,084.70 100.08% 14.47% 2.20% 6,333,185.95 100.30% 100.00% 2.13% S&P Asset Rating (000's) Book MKT/Book % Book Yield AAA AA+ AA AA- NR Totals: 533,641.31 100.42% 8.43% 2.08% 4,535,693.68 100.31 % 71.62% 2.10% 184,788.40 100.99% 2.92% 2.53% 163,877.86 100.04% 2.59% 2.49% 915,084.70 100.08% 14.45% 2.20% 6,333,085.95 100.30% 100.00% 2.13% 12-Month Projected Cash Flow AA+ 72% 1 Aa2 Aal 4% 3% Aa3 2% NR 14% 4■11L_J AA- 3% AA 3% 0 Required Monthly Monthly Matured Month Receipts Disbursements Difference Investments Balance Actual Investments Available to Maturing Invest > 1 Year 10/2019 10/2019 11/2019 12/2019 01/2020 02/2020 03/2020 04/2020 05/2020 06/2020 07/2020 08/2020 09/2020 70.99 1,100.00 1,300.00 2,375.13 1,100.00 1,100.00 1,350.00 1,350.00 1,700.00 1,000.00 1,177.22 1,000.00 1,030.00 1,300.00 1,200.00 1,200.00 2,200.00 1,500.00 1,200.00 1,200.00 1,700.00 1,736.13 1,435.00 1,300.00 1,300.00 (200.00) 100.00 1,175.13 (1,100.00) (400.00) 150.00 150.00 (736.13) (257.78) (300.00) (270.00) 129.01 224.87 436.13 257.78 300.00 270.00 100.00 1,275.13 175.13 150.00 300.00 300.00 1,703.89 490.00 20.00 640.75 140.33 108.29 170.65 87.66 80.43 106.83 106.65 140.00 TOTALS 15,582.35 17,271.13 (1,688.78) 1,617.79 25.55% 2,371 .25 3,795.48 4,715.30 59.93% 74.45% * Values listed in Cash Flow Table are in millions of USD. Based on historic and current financial conditions within the County, the Pool is expected to maintain sufficient liquidity of funds to cover County expenses for the next twelve months. COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR 226 6 Portfolio Data cont' d Asset Maturity Distribution (Par Value, 000's) 2,000, 000 1,500,000 1,000,000 500,000 25.25% 1,603,894.94 9.60% 610,000.00 0-1 Mos 1-3 Mos Asset Allocation (000's) 24.66% 1,566,581.00 3-12 Mos 17.30% 1,098,719.00 1-2 Yr 15.04% 955,310.00 2-3 Yr 8.15% 517,860.00 3-5 Yr Assets Scheduled Book Scheduled Market Mkt/Book Yield WAL (Yr.) Mat (Yr.) TREAS AGENCIES MMKT CASH CALTRUST FND COMM PAPER NCDS MEDIUM TERM NOTES MUNI LOCAL AGCY OBLIG 450,553.39 3,713,946.71 383,000.00 760,000.00 4,023.98 670,020.85 184,951.53 166,509.50 80.00 454,185.05 3,723,203.97 383,000.00 760,000.00 4,023.98 673,322.34 187,662.14 166,509.50 80.00 100.81 % 100.25% 100.00% 100.00% 100.00% 100.49% 0.00% 101.47% 100.00% 100.00% 2.41 % 2.06% 1.92% 2.17% 2.27% 2.14% 0.00% 2.65% 2.58% 2.73% 0.34 1.08 0.00 0.00 0.00 0.18 0.58 1.47 0.71 0.34 1.71 0.00 0.00 0.00 0.18 0.61 1.47 0.71 Totals: 6,333,085.95 6,351,986.98 100.30% 2.13% 0.73 1.10 *For details on the Pool's composition see Month End Portfolio Holdings, pages 9 to 13. TIMMI Pool Yield 2.50% 2.27% 2'33% 2.17% }TIMMI 2.53% 2.00% - 1.50% 2.18% 2.01 % 2.09% 2.27% 2.53% 2.52% ■ 2.53% 2.51 % 2.46% 2.30% 2.32% 2.42% 2.35% 2.36% 235% 2.31 % 2.22% 2.13% 2.32% 2.29% 2.18% 2.00% SeY OC' oJ �$ 3\2) \q Oec• \q Fe'a �q off( P-9 �q cl op' 1 �q \3'‘. \q Sep The Treasurer's Institutional Money Market Index (TIMMI) is a composite index of four AAA rated prime institutional money market funds. Their average yield is compared to the yield of the Treasurer's Pooled Investment Fund in the above graph. COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR 227 7 Compliance Report Compliance Status: Full Compliance The Treasurer's Pooled Investment Fund was in full compliance with the County of Riverside's Treasurer's State- ment of Investment Policy. The County's Statement of Investment Policy is more restrictive than California Gov- ernment Code 53646. The County's Investment Policy is reviewed annually by the County of Riverside's Over- sight Committee and approved by the Board of Supervisors. Investment Category MUNICIPAL BONDS (MUNI) U.S. TREASURIES LOCAL AGENCY OBLIGATIONS (LAO) FEDERAL AGENCIES COMMERCIAL PAPER (CP) CERTIFICATE & TIME DEPOSITS (NCD & TCD) INT'L BANK FOR RECON- STRUCTION AND DEVEL- OPMENT AND INT'L FI- NANCE CORPORATION GOVERNMENT CODE Maximum Authorized S&P/ Remaining % Limit Moody's Maturity COUNTY INVESTMENT POLICY Maximum Authorized % Remaining Limit S&P/ Moody's Maturity Actual % 5 YEARS NO LIMIT NA 4 YEARS 15% AA-/Aa3/AA- 2.63% 5 YEARS NO LIMIT NA 5 YEARS 100% NA 7.11% 5 YEARS NO LIMIT NA 3 YEARS 2.50% INVESTMENT <0.01% GRADE 5 YEARS NO LIMIT AAA 5 YEARS 100% NA 58.64% 270 DAYS 40% Al/P1 270 DAYS 40% Al/Pl/F1 10.58% 5 YEARS 30% NA 1 YEAR 25% Combined Al /P 1 /F1 0.00% NA NA NA 4 YEARS 20% AA/Aa/AA 0.00% REPURCHASE 40% max, 25% AGREEMENTS (REPO) 1 YEARS NO LIMIT NA 45 DAYS in term repo Al/Pl/F1 0.00% over 7 days REVERSE REPOS 92 DAYS 20% NA 60 DAYS 10% NA 0.00% MEDIUM TERM NOTES 5 YEARS 30% A 3 YEARS 20% AA/Aa2/AA 2.92% (MTNO) CALTRUST SHORT TERM NA NA NA 1.00% FUND NA 0.06% DAILY LIQUIDITY MONEY MARKET AAA/Aaa DAILY AAA by 2 Of 3 MUTUAL FUNDS (MMF) 60 DAYS 20% {2} LIQUIDITY 20% RATINGS AGC. 6.05% LOCAL AGENCY NA NA NA DAILY Max NA 0.00% INVESTMENT FUND (LAIF) LIQUIDITY $50 million CASH/DEPOSIT NA NA NA NA NA NA 12.00% ACCOUNT Money Market Mutual Funds maturity may be interpreted as a weighted average maturity not exceeding 60 days. 2Or must have an investment advisor with no fewer than 5 years experience and with assets under management of $500,000,000 USD. THIS COMPLETES THE REPORT REQUIREMENTS OF CALIFORNIA GOVERNMENT CODE 53646. COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR 228 8 Month End Porlfolio Holdings CUSIP Descripfion Maturity Coupon Yield Par Book Market Market Unrealized Modified Years To Date To Mat Value Value Price Valve Gain/Loss Duration Maturity Fund: 1 POOL FUND 1060: MMKT ACCTS-A/365-6 FRGXX FIDELITY GOV 10/01/2019 1.955 1.955 169,000,000.00 169,000,000.00 100.000000 169,000,000.00 GOFXX FEDERATED GOV 10/01/2019 1.885 1.885 131,000,000.00 131,000,000.00 100.000000 131,000,000.00 WFFXX WELLS FARGO GOV 10/01/2019 1.901 1.901 77,000,000.00 77,000,000.00 100.000000 77,000,000.00 FGTXX GOLDMAN SACHS GOV 10/01/2019 1.830 1.830 6,000,000.00 6,000,000.00 100.000000 6,000,000.00 1.918 1.918 383,000,000.00 383,000,000.00 100.000000 763,000,000.00 1065: CLTR-A/365.6 CLTR CALTRUST SHT TERM FUND 10/01/2019 2.280 2.268 4,015,944.14 4,023,976.03 100.200000 4,023,976.03 0.00 .003 .003 2.280 2.268 4,015,944.14 4,023,976.03 100.200000 4,023,976.03 0.00 .003 .003 0.00 0.00 0.00 0.00 0.00 .003 .003 .003 .003 .003 .003 .003 .003 .003 .003 1080: MGD RATE-A/365-6 CASH BANK OF THE WEST 10/01/2019 2.190 2.190 300,000,000.00 300,000,000.00 100.000000 300,000,000.00 0.00 .003 .003 190 1190 300.000.000.00 300,000.000.00 100.000000 300,000,000.00 0.00 .003 .003 1170: MGD RATE-A/360 CASH PACIFIC PREMIER BANK CASH FIRST REPUBLIC BANK CASH UB MANAGED RATE 1175: LAO-SINKING FND-A/360 LAO US DIST COURTHOUSE 1300: U.S. TREASURY BILL 912796TC3 U.S. TREASURY BILL 912796TE9 U.S. TREASURY BILL 10/01/2019 2.090 10/01/2019 2.200 10/01/2019 2.090 2.090 2.200 2.090 40,000,000.00 300,000,000.00 120,000,000.00 2 460,000,000.00 06/15/2020 2.727 2.727 80,000.00 80,000.00 40,000,000.00 300,000,000.00 120,000,000.00 460,000,000.00 100.000000 100.000000 100.000000 100.00000� 80,000.00 100.000000 80,000.00 40,000,000.00 300,000,000.00 120,000,000.00 460,000,000.00 80,000.00 100.000000 in. 80,000.00 0.00 0.00 0.00 0.00 .003 .003 .003 .198 .198 .003 .003 .003 .710 .710 01/23/2020 2.022 2.042 25,000,000.00 24,744,504.86 99.432000 24,858,000.00 113,495.14 .309 .315 02/06/2020 1.951 1.970 25,000,000.00 24,753,415.28 99.363000 24,840,750.00 87,334.72 .346 .353 1.986 2.006 50,000,000.00 49,497,920.14 99.397500 49,698,750.00 200,829.86 .327 .3 1310: U.S. TREASURY BOND 912828U32 U.S. TREASURY BOND 11/15/2019 1.000 2.628 75,000,000.00 73,939,453.13 99.871000 74,903,250.00 963,796.87 .124 .126 9128281V2 U.S. TREASURY BOND 10/31 /2019 1.250 2.606 50,000,000.00 49,449,218.75 99.931000 49,965,500.00 516,281.25 .084 .085 912828F62 U.S. TREASURY BOND 10/31/2019 1.500 2.557 50,000,000.00 49,611,328.13 99.951000 49,975,500.00 364,171.87 .084 .085 912828T59 U.S. TREASURY BOND 10/15/2019 1.000 2.529 45,000,000.00 44,569,335.94 99.958000 44,981,100.00 411,764.06 .041 .041 912828U32 U.S. TREASURY BOND 11/15/2019 1.000 2.534 40,000,000.00 39,565,625.00 99.871000 39,948,400.00 382,775.00 .124 .126 912828U32 U.S. TREASURY BOND 11/15/2019 1.000 2.524 35,000,000.00 34,652,734.38 99.871000 34,954,850.00 302,115.62 .124 .126 912828UL2 U.S. TREASURY BOND 01/31/2020 1.375 2.462 50,000,000.00 49,539,062.50 99.813000 49,906,500.00 367,437.50 .333 .337 912828W63 U.S. TREASURY BOND 03/15/2020 1.625 2.449 15,000,000.00 14,889,257.81 99.887000 14,983,050.00 93,792.19 .452 .458 912828YC8 U.S. TREASURY BOND 08/31 /2021 1.500 1.601 15,000,000.00 14,970,703.13 99.707000 14,956,050.00-14,653.13 1.879 1.921 912828YC8 U.S. TREASURY BOND 08/31/2021 1.500 1.727 15,000,000.00 14,934,960.94 99.707000 14,956,050.00 21,089.06 1.878 1.921 912828YC8 U.S. TREASURY BOND 08/31 /2021 1.500 1.731 15,000,000.00 14,933,789.06 99.707000 14,956,050.00 22,260.94 1.878 1.921 1.218 2.456 405,000,000.00 401,055,468.77 99.873160 404,486,300.00 3,430,831.23 .337 .344 1400: FHLMC-DISC NOTE 313396RP0 FHLMC DISC NTE 1420: FHLMC-Fxd-Q 30/360 3134GTFF5 FHLMC 1YrNc9MoE 01/09/2020 1.860 1.875 40,000,000.00 39,749,530.00 99.486000 39,794,400.00 44,870.00 .271 .277 1.860 1.875 40,000,000.00 39,749,530.00 99.486000 39,794,400.00 44,870.00 .271 .277 04/08/2020 2.460 2.475 25,000,000.00 24,996,250.00 100.140000 25,035,000.00 38,750.00 .514 523 2.460 2.475 25,000,000.00 24,996,250.00 100.140000 25,03.1,000.00 38,750.00 .514.1111 1425:FHLMC-Fxd-S 30/360 3134G8TG4 FHLMC3.5YrNc6MoE 10/11/2019 1.500 1.500 15,000,000.00 15,000,000.00 99.981000 14,997,150.00-2,850.00 .030 .030 3134GABZ6 FHLMC3.5YrNc1YrE 02/25/2020 1.250 1.250 10,000,000.00 10,000,000.00 99.738000 9,973,800.00-26,200.00 .403 .405 3134GAVF8 FHLMC3.5YrNc1YrE 05/08/2020 1.200 1.200 15,000,000.00 15,000,000.00 99.593000 14,938,950.00-61,050.00 .599 .605 3134GAXZ2 FHLMC4YrNc6MoE 11/25/2020 1.370 1.370 25,000,000.00 25,000,000.00 99.501000 24,875,250.00-124,750.00 1.135 1.156 3134GAYK4 FHLMC4YrNc1YrE 11/30/2020 1.440 1.440 10,000,000.00 10,000,000.00 99.578000 9,957,800.00-42,200.00 1.148 1.170 3134GBK35 FHLMC 3YrNc3MoB 09/29/2020 1.800 1.800 15,000,000.00 15,000,000.00 99.874000 14,981,100.00-18,900.00 .984 1.000 3137EAEE5 FHLMC2.75Yr 01/17/2020 1.500 1.602 25,000,000.00 24,942,750.00 99.878000 24,969,500.00 26,750.00 .296 .299 3134GBTX0 FHLMC 2.75YrNc2MoB 06/29/2020 1.750 1.780 20,000,000.00 19,983,860.00 99.827000 19,965,400.00-18,460.00 .736 .748 3134G9W37 FHLMC2.5YrNc3MoB 08/10/2020 1.450 2.421 10,000,000.00 9,769,000.00 99.665000 9,966,500.00 197,500.00 .847 .863 3134GSMF9 FHLMC 5YrNc3YrE 05/26/2023 3.000 3.000 15,000,000.00 15,000,000.00 101.805000 15,270,750.00 270,750.00 3.404 3.655 3I34GSQL2 FHLMC 5YrNc2YrE 06/29/2023 3.100 3.100 5,000,000.00 5,000,000.00 100.971000 5,048,550.00 48,550.00 3.486 3.748 3134GSB53 FHLMC3YrNc1YrE 10/29/2021 3.100 3.100 5,000,000.00 5,000,000.00 100.097000 5,004,850.00 4,850.00 1.975 2.082 3I34GSA96 FHLMC3YrNc1YrE 11/15/2021 3.150 3.150 10,000,000.00 10,000,000.00 100.153000 10,015,300.00 15,300.00 2.017 2.129 3I34GSA96 FHLMC3YrNc1YrE 11/15/2021 3.150 3.150 5,000,000.00 5,000,000.00 100.153000 5,007,650.00 7,650.00 2.017 2.129 3I34GSA96 FHLMC3YrNc1YrE 11/15/2021 3.150 3.150 5,000,000.00 5,000,000.00 100.153000 5,007,650.00 7,650.00 2.017 2.129 3I34GSD44 FHLMC3YrNc1YrE 11/26/2021 3.150 3.150 25,000,000.00 25,000,000.00 100.196000 25,049,000.00 49,000.00 2.047 2.159 3I34GSC45 FHLMC3YrNc1YrE 11/26/2021 3.160 3.160 10,000,000.00 10,000,000.00 100.201000 10,020,100.00 20,100.00 2.047 2.159 3134GBXV9 FHLMC 1.6YrNclYr 07/13/2020 1.850 2.870 15,000,000.00 14,758,950.00 99.953000 14,992,950.00 234,000.00 .770 .786 3134GTCP6 FHLMC3.5YrNc6M0Q 10/17/2022 2.625 2.625 25,000,000.00 25,000,000.00 100.025000 25,006,250.00 6,250.00 2.876 3.049 3134GTHV8 FHLMC 5YrNc6MoE 04/22/2024 2.570 2.570 15,000,000.00 15,000,000.00 100.037000 15,005,550.00 5,550.00 4.231 4.564 3134GTHH9 FHLMC2.75YrNc9MoE 01/24/2022 2.500 2.500 5,000,000.00 5,000,000.00 100.196000 5,009,800.00 9,800.00 2.240 2.321 3134GTEB5 FHLMC5YrNc1YrE 04/24/2024 2.625 2.625 15,000,000.00 15,000,000.00 100.407000 15,061,050.00 61,050.00 4.230 4.570 3134GTGX5 FHLMC5YrNc1YrE 04/24/2024 2.610 2.610 15,000,000.00 15,000,000.00 100.383000 15,057,450.00 57,450.00 4.231 4.570 3134GTGX5 FHLMC5YrNc1YrE 04/24/2024 2.610 2.610 15,000,000.00 15,000,000.00 100.383000 15,057,450.00 57,450.00 4.231 4.570 3134GTKG7 FHLMC5YrNc2YrB 05/03/2024 2.600 2.600 10,000,000.00 10,000,000.00 101.221000 10,122,100.00 122,100.00 4.257 4.595 3134GTSF1 FHLMC3YrNc1YrE 06/10/2022 2.400 2.400 5,000,000.00 5,000,000.00 100.273000 5,013,650.00 13,650.00 2.576 2.696 3134GTTX1 FHLMC 5YrNc6MoE 06/20/2024 2.250 2.250 15,000,000.00 15,000,000.00 100.056000 15,008,400.00 8,400.00 4.429 4.726 3134GM4 FHLMC 1YrNclYrE 07/01/2024 2.125 2.125 15,000,000.00 15,000,000.00 100.192000 15,028,800.00 28,800.00 4.475 4.756 3134GM4 FHLMC 1YrNclYrE 07/01/2024 2.125 2.125 15,000,000.00 15,000,000.00 100.192000 15,028,800.00 28,800.00 4.475 4.756 3134GTYS6 FHLMC3YrNc1YrE 07/01/2022 2.000 2.000 15,000,000.00 15,000,000.00 100.180000 15,027,000.00 27,000.00 2.653 2.753 3134GTYP2 FHLMC2.75YrNc9MoE 04/01/2022 2.000 2.000 15,000,000.00 15,000,000.00 100.045000 15,006,750.00 6,750.00 2.417 2.504 3134GM4 FHLMC5YrNc1YrE 07/01/2024 2.125 2.125 15,000,000.00 15,000,000.00 100.192000 15,028,800.00 28,800.00 4.475 4.756 3134GTZD8 FHLMC 2YrNc3MoQ 07/08/2021 2.300 2.300 15,000,000.00 15,000,000.00 100.003000 15,000,450.00 450.00 1.719 1.773 3134GTXJ7 FHLMC5YrNc1YrE 07/08/2024 2.190 2.190 50,000,000.00 50,000,000.00 100.140000 50,070,000.00 70,000.00 4.486 4.775 3134GTZP1 FHLMC 1.25YrNc3Mo0 10/08/2020 2.150 2.200 20,000,000.00 19,988,080.00 100.001000 20,000,200.00 12,120.00 1.003 1.025 3134GTA37 FHLMC5YrNc1YrE 07/15/2024 2.150 2.150 15,000,000.00 15,000,000.00 100.182000 15,027,300.00 27,300.00 4.511 4.795 3134GTA52 FHLMC5YrNc1YrQ 07/15/2024 2.300 2.300 5,000,000.00 5,000,000.00 100.205000 5,010,250.00 10,250.00 4.492 4.795 3134GTA37 FHLMC5YrNc1YrE 07/15/2024 2.150 2.150 5,000,000.00 5,000,000.00 100.182000 5,009,100.00 9,100.00 4.511 4.795 3134GTF57 FHLMC 1.25YrNc3MoQ 10/16/2020 2.150 2.150 17,000,000.00 17,000,000.00 100.018000 17,003,060.00 3,060.00 1.018 1.047 3134GTF24 FHLMC 1.5YrNc3MoQ 01/15/2021 2.200 2.214 15,000,000.00 14,997,000.00 100.004000 15,000,600.00 3,600.00 1.261 1.296 3134GTJ20 FHLMC 2YrNc3MoB 07/29/2021 2.300 2.300 15,000,000.00 15,000,000.00 100.008000 15,001,200.00 1,200.00 1.776 1.830 3134GTP23 FHLMC 3.9YrNc5MoQ 07/24/2023 2.300 2.300 1,000,000.00 1,000,000.00 100.058000 1,000,580.00 580.00 3.621 3.816 3134GTW82 FHLMC5YrNc1YrQ 08/07/2024 2.150 2.150 5,000,000.00 5,000,000.00 99.482000 4,974,100.00-25,900.00 4.571 4.858 3134GTW74 FHLMC 5YrNc6MoQ 08/07/2024 2.300 2.300 5,000,000.00 5,000,000.00 99.532000 4,976,600.00-23,400.00 4.552 4.858 3134GTW90 FHLMC 3YrNc3MoQ 08/08/2022 2.250 2.250 25,000,000.00 25,000,000.00 99.724000 24,931,000.00-69,000.00 2.742 2.858 3134GTX65 FHLMC 1.25YrNc3MoQ 11/12/2020 2.060 2.060 15,000,000.00 15,000,000.00 99.897000 14,984,550.00-15,450.00 1.090 1.121 3134GT6P3 FHLMC 2YrNc6Mo0 09/09/2021 1.880 1.880 25,000,000.00 25,000,000.00 99.704000 24,926,000.00-74,000.00 1.896 1.945 229 COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR 9 Month End Portfolio Holdings CUSIP Description Maturity Coupon Yield Par Book Market Market Unrealized Modified Years To Date To Mat Value Value Price Value Gain/Loss Duration Maturity 3134GT5H2 FHLMC 2YrNc6MoO 3134GT6N8 FHLMC 5YrNc6MoQ 3134GT5P4 FHLMC 3YrNC4MoO 09/09/2021 09/12/2024 09/13/2022 1465: FHLMC-STEP%-530/360 3134G7S77 FHLMC 5YrNc6MOB 3134G8KU2 FHLMC 5YrNc6MOB 3134G9JX6 3134G9JW8 3134G9NU7 3134G9UM7 3134G9VA2 3134G9UX3 3134G9XA0 3134G9S40 3134G9R66 3134G9S57 3134G9T23 3134G9U47 3134G95W3 3134G96A0 3134GAEB6 3134GAEG5 3134GADP6 3134GAET7 3134GAKY9 3134GAN B6 3134GAPM0 3134GAPM0 3134GAPA6 3134GAQV9 3134GAQV9 3134GARL0 3134GASF2 3134GASF2 3134GATA2 3134GATB0 3134GATA2 3134GAUA0 3134GAYF5 3134GAYG3 3134GAYR9 3134GAA87 3134GAA87 3134G7S77 3134GBHN5 3134GBKC5 3134GBMP4 3134GBPJ5 3134GBSE3 3134GBSD5 3134GBTD4 3134GBTE2 3134GBYK2 3134GBWD0 3134GBWS7 3134GBYN6 3134G92T3 3134GBZQ8 FHLMC 5YrNc3MOB FHLMC 5YrNc3MOB FHLMC 5YrNc3MOB FHLMC 5YrNc3MOB FHLMC 5YrNc6MOB FHLMC 5YrNc3MoB FHLMC 5YrNc6MoB FHLMC 4YrNc6MoB FHLMC 5YrNc3MoB FHLMC 4YrNc6MoB FHLMC 5YrNc3MoB FHLMC 5YrNc3MoB FHLMC 5YrNc3MoB FHLMC 5YrNc3MoB FHLMC 4.25YrNc3MoB FHLMC 5YrNc6MoB FHLMC 5YrNc3MoB FHLMC 5YrNc3MoB FHLMC 5YrNc6MoB FHLMC 5YrNc6MoB FHLMC 5YrNc3MoB FHLMC 5YrNc3MoB FHLMC 5YrNc3MoB FHLMC 5YrNc6MoB FHLMC 5YrNc6MoB FHLMC 5YrNc6MoB FHLMC 5YrNc3MoB FHLMC 5YrNc3MoB FHLMC 5YrNc3MoB FHLMC 5YrNc3MoB FHLMC 5YrNc3MoB FHLMC 5YrNc3MoB FHLMC 5YrNc3MoB FHLMC 5YrNc3MoB FHLMC 5YrNc3MoB FHLMC 5YrNc3MoB FHLMC 5YrNc3MoB FHLMC 3.5Yr FHLMC 3YrNc3MoB FHLMC 3YrNc3MoB FHLMC 3YrNc3MoB FHLMC 3YrNc6MoB FHLMC 4YrNc6MoB FHLMC 3YrNc6MoB FHLMC 5YrNc3MoB FHLMC 5YrNc6MoB FHLMC 5YrNc3MoB FHLMC 3.5YrNc3MoB FHLMC 5YrNc3MoB FHLMC 5YrNc3MoB FHLMC 5YrNc3MoB FHLMC 5YrNc2MoB 10/29/2020 02/26/2021 06/09/2021 05/25/2021 06/16/2021 06/30/2021 06/30/2021 06/30/2021 07/13/2021 07/27/2020 08/10/2021 08/10/2020 08/10/2021 08/25/2021 08/25/2021 08/25/2021 12/08/2020 08/24/2021 09/13/2021 09/30/2021 09/30/2021 09/30/2021 10/25/2021 10/25/2021 10/27/2020 10/27/2021 10/27/2021 10/28/2021 10/27/2021 10/27/2021 10/27/2021 11/10/2021 10/27/2021 11/30/2021 11/26/2021 12/09/2021 12/09/2021 12/30/2021 12/30/2021 10/29/2020 04/27/2020 04/27/2020 05/22/2020 05/22/2020 02/24/2021 11/24/2020 06/29/2022 06/22/2022 07/05/2022 O1/20/2021 07/27/2022 07/27/2022 08/08/2023 07/27/2022 1.860 2.125 1.860 2.150 2.000 2.000 1.750 1.625 2.000 1.625 1.700 2.000 2.000 1.750 1.500 1.750 1.750 1.625 1.500 1.625 1.750 2.000 1.625 1.625 1.750 1.750 1.500 1.500 1.500 1.400 1.400 1.500 1.500 1.500 1.500 1.550 1.500 1.500 1.550 1.750 1.650 1.900 1.900 2.000 2.000 2.000 2.000 1.900 1.875 1.875 2.050 2.000 2.000 2.000 2.050 2.100 1.500 2.250 1.860 2.125 1.860 2.190 2.000 2.000 1.750 1.625 2.010 1.625 1.700 2.000 2.000 1.750 1.500 1.750 1.750 1.625 1.500 1.625 1.750 2.000 1.625 1.625 1.750 1.750 1.500 1.500 1.500 1.400 1.400 1.500 1.500 1.500 1.500 1.550 1.500 1.500 1.550 1.750 1.650 1.900 1.900 2.153 2.000 2.000 2.000 1.900 1.875 1.875 2.050 2.000 2.000 2.000 2.050 2.100 2.399 2.732 1525: FNMA-Fxd-S 30/360 3136G3RL1 FNMA 3.5YrNc6MOB 3136G3WC5 FNMA4YrNc6MOE 3135GOR39 FNMA 3Yr 3136G4GU1 FNMA 3YrNc6MoB 3135GOT60 FNMA 3Yr 3135GOS46 FNMA 2.16Yr2MOB 3135G0A78 FNMA 2Yr 3135G0005 FNMA 2.25Yr 3135GOT78 FNMA 4.83Yr 3135GOT94 FNMA 5Yr 3135GOV42 FNMA 3YrNc6MOB 3135G0U43 FNMA 4.41Yr 1560: FNMA-STEP%-Q 30/360 3136G3SG1 FNMA 4.25YrNc6MoB 12/16/2019 07/13/2020 10/24/2019 11/25/2019 07/30/2020 O1/27/2020 O1/21/2020 03/06/2020 10/05/2022 01/19/2023 04/29/2022 09/12/2023 09/09/2020 1.500 1.350 1.000 1.400 1.500 1.650 1.625 1.750 2.000 2.375 2.650 2.875 2.058 25,000,000.00 25,000,000.00 50,000,000.00 768,000,000.00 15,000,000.00 10,000,000.00 15,000,000.00 20,000,000.00 15,000,000.00 15,000,000.00 15,000,000.00 10,000,000.00 15,000,000.00 15,000,000.00 15,000,000.00 15,000,000.00 10,000,000.00 15,000,000.00 10,000,000.00 15,000,000.00 20,000,000.00 20,000,000.00 16,500,000.00 20,000,000.00 15,000,000.00 15,000,000.00 10,000,000.00 6,705,000.00 10,000,000.00 15,000,000.00 15,000,000.00 10,000,000.00 15,000,000.00 15,000,000.00 10,000,000.00 17,000,000.00 14,000,000.00 4,500,000.00 20,000,000.00 10,000,000.00 20,000,000.00 10,000,000.00 10,000,000.00 7,125,000.00 10,000,000.00 20,000,000.00 10,000,000.00 20,000,000.00 15,000,000.00 15,000,000.00 20,000,000.00 15,000,000.00 20,000,000.00 10,000,000.00 20,000,000.00 20,000,000.00 5,000,000.00 3,000,000.00 753,830,000.00 1.500 5,000,000.00 1.350 10,000,000.00 1.091 10,000,000.00 1.400 10,000,000.00 1.604 10,000,000.00 1.800 5,000,000.00 1.911 15,000,000.00 1.913 11,082,000.00 2.322 15,000,000.00 2.495 10,000,000.00 2.659 30,000,000.00 2.333 30,000,000.00 2.055-In51,082,000.00 1.750 1.750 15,000,000.00 25,000,000.00 25,000,000.00 50,000,000.00 767,439,640.00 15,000,000.00 10,000,000.00 15,000,000.00 20,000,000.00 14,997,000.00 15,000,000.00 15,000,000.00 10,000,000.00 15,000,000.00 15,000,000.00 15,000,000.00 15,000,000.00 10,000,000.00 15,000,000.00 10,000,000.00 15,000,000.00 20,000,000.00 20,000,000.00 16,500,000.00 20,000,000.00 15,000,000.00 15,000,000.00 10,000,000.00 6,705,000.00 10,000,000.00 15,000,000.00 15,000,000.00 10,000,000.00 15,000,000.00 15,000,000.00 10,000,000.00 17,000,000.00 14,000,000.00 4,500,000.00 20,000,000.00 10,000,000.00 20,000,000.00 10,000,000.00 10,000,000.00 7,108,968.75 10,000,000.00 20,000,000.00 10,000,000.00 20,000,000.00 15,000,000.00 15,000,000.00 20,000,000.00 15,000,000.00 20,000,000.00 10,000,000.00 20,000,000.00 20,000,000.00 4,790,170.00 2,946,600.00 753,547,738.75 5,000,000.00 10,000,000.00 9,973,200.00 10,000,000.00 9,969,700.00 4,983,850.00 14,910,900.00 11,042,326.44 14,782,200.00 9,944,100.00 29,992,500.00 30,670,500.00 161,269,276.44 15,000,000.00 99.994000 99.902000 99.472000 100.016809 99.993000 99.977000 99.769000 99.798000 100.027000 99.815000 99.943000 99.940000 100.009000 99.887000 99.599000 99.817000 99.894000 99.795000 99.757000 99.699000 99.801000 100.013000 99.773000 99.716000 99.892000 99.905000 99.778000 99.778000 99.964000 99.635000 99.635000 99.925000 99.669000 99.669000 99.867000 99.608000 99.867000 99.409000 99.596000 99.966000 100.010000 99.987000 99.987000 99.993000 99.986000 99.931000 100.008000 99.994000 100.027000 100.000000 100.080000 100.032000 100.003000 100.015000 100.016000 100.027000 99.193000 100.023000 99.870037 99.936000 99.564000 99.940000 99.907000 99.728000 99.889000 99.913000 99.940000 101.016000 102.485000 100.047000 104.799000 101.080289 99.805000 24,998,500.00 24,975,500.00 49,736,000.00 768,129,090.00 14,998,950.00 9,997,700.00 14,965,350.00 19,959,600.00 15,004,050.00 14,972,250.00 14,991,450.00 9,994,000.00 15,001,350.00 14,983,050.00 14,939,850.00 14,972,550.00 9,989,400.00 14,969,250.00 9,975,700.00 14,954,850.00 19,960,200.00 20,002,600.00 16,462,545.00 19,943,200.00 14,983,800.00 14,985,750.00 9,977,800.00 6,690,114.90 9,996,400.00 14,945,250.00 14,945,250.00 9,992,500.00 14,950,350.00 14,950,350.00 9,986,700.00 16,933,360.00 13,981,380.00 4,473,405.00 19,919,200.00 9,996,600.00 20,002,000.00 9,998,700.00 9,998,700.00 7,124,501.25 9,998,600.00 19,986,200.00 10,000,800.00 19,998,800.00 15,004,050.00 15,000,000.00 20,016,000.00 15,004,800.00 20,000,600.00 10,001,500.00 20,003,200.00 20,005,400.00 4,959,650.00 3,000,690.00 752,850,296.15 4,996,800.00 9,956,400.00 9,994,000.00 9,990,700.00 9,972,800.00 4,994,450.00 14,986,950.00 11,075,350.80 15,152,400.00 10,248,500.00 30,014,100.00 31,439,700.00 162,822,150.80 14,970,750.00 -1,500.00 -24,500.00 -264,000.00 689,450.00 -1,050.00 -2,300.00 -34,650.00 -40,400.00 7,050.00 -27,750.00 -8,550.00 -6,000.00 1,350.00 -16,950.00 -60,150.00 -27,450.00 -10,600.00 -30,750.00 -24,300.00 -45,150.00 -39,800.00 2,600.00 -37,455.00 -56,800.00 -16,200.00 -14,250.00 -22,200.00 -14,885.10 -3,600.00 -54,750.00 -54,750.00 -7,500.00 -49,650.00 -49,650.00 -13,300.00 -66,640.00 -18,620.00 -26,595.00 -80,800.00 -3,400.00 2,000.00 -1,300.00 -1,300.00 15,532.50 -1,400.00 -13,800.00 800.00 -1,200.00 4,050.00 0.00 16,000.00 4,800.00 600.00 1,500.00 3,200.00 5,400.00 169,480.00 54,090.00 -697,442.60 -3,200.00 -43,600.00 20,800.00 -9,300.00 3,100.00 10,600.00 76,050.00 33,024.36 370,200.00 304,400.00 21,600.00 769,200.00 1,552,874.36 -29,250.00 1.897 1.945 4.670 4.956 2.858 2.956 �IT 1.062 1.382 1.653 1.617 1.672 1.714 1.716 1.711 1.750 .815 1.829 .851 1.826 1.865 1.867 1.867 1.169 1.863 1.915 1.962 1.961 1.963 2.020 2.020 1.058 2.026 2.026 2.032 2.023 2.023 2.025 2.057 2.025 2.114 2.101 2.136 2.133 2.183 2.183 1.061 .566 .566 .634 .634 1.375 1.128 2.645 2.628 2.664 1.282 2.722 2.720 3.706 2.705 .209 .778 .065 .152 .823 .323 .306 .428 2.878 3.142 1.082 1.411 1.693 1.652 1.712 1.751 1.751 1.751 1.786 .825 1.863 .863 1.863 1.904 1.904 1.904 1.192 1.901 1.956 2.003 2.003 2.003 2.071 2.071 1.077 2.077 2.077 2.079 2.077 2.077 2.077 2.115 2.077 2.170 2.159 2.195 2.195 2.252 2.252 1.082 .575 .575 .644 .644 1.405 1.153 2.748 2.729 2.764 1.310 2.825 2.825 3.858 2.825 1.833 .211 .786 .066 .153 .833 .326 .310 .433 3.016 3.307 2.452 2.581 3.716 3.953 1.820mm°4917 .932 .945 000.00 15,00 14,970,750.00-29.250.00 1565: FNMA-STEP%-S 30/360 3136G3DV4 FNMA5YrNc6MOB 03/30/2021 2.000 2.000 15,000,000.00 15,000,000.00 99.763000 14,964,450.00-35,550.00 1.475 1.499 3136G3PB5 FNMA5YrNc6MOB 06/09/2021 1.625 1.625 15,000,000.00 15,000,000.00 99.915000 14,987,250.00-12,750.00 1.655 1.693 3136G3TG0 FNMA 4YrNc6MoB 06/30/2020 1.750 1.750 20,000,000.00 20,000,000.00 99.961000 19,992,200.00-7,800.00 .741 .751 3136G3XT7 FNMA5YrNc6MOB 07/27/2021 1.500 1.500 15,000,000.00 15,000,000.00 99.572000 14,935,800.00-64,200.00 1.793 1.825 3136G3ZW8 FNMA5YrNc6MoB 07/27/2021 1.750 1.750 20,000,000.00 20,000,000.00 99.723000 19,944,600.00-55,400.00 1.791 1.825 3136G3Y74 FNMA 4YrNc6MoB 11/24/2020 1.750 1.750 15,000,000.00 15,000,000.00 99.935000 14,990,250.00-9,750.00 1.132 1.153 _ dn.' 1.731 1.731 100 000 000.00 100 000 000.00 99.814550 99.814,550.00-185.450.00 1700: FHLB-DISC NOTE 313384SK6 FHLB DISC NTE Ol /29/2020 2.028 2.049 25,000,000.00 24,743,683.33 99.383000 24,845,750.00 102,066.67 .325 .332 313384NK1 FHLB DISC NTE 10/25/2019 2.020 2.026 50,000,000.00 49,856,916.67 99.875000 49,937,500.00 80,583.33 .067 .068 313384MS5 FHLB DISC NTE 10/08/2019 2.030 2.034 50,000,000.00 49,906,958.33 99.963000 49,981,500.00 74,541.67 .021 .022 313384NW5 FHLB DISC NTE 11/05/2019 1.980 1.987 50,000,000.00 49,832,250.00 99.817000 49,908,500.00 76,250.00 .097 .099 313384RH4 FHLB DISC NTE O1/03/2020 1.905 1.915 60,000,000.00 59,679,325.20 99.517000 59,710,200.00 30,874.80 .255 .260 313384RQ4 FHLB DISC NTE O1/10/2020 1.875 1.885 25,000,000.00 24,861,979.17 99.481000 24,870,250.00 8,270.83 .274 .279 230 COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR 10 Month End Portfolio Holdings CUSIP Descripfion Maturity Coupon Yield Par Book Market Market Unrealized Modified Years To Date To Mat Value Value Price Value Gain/Loss Duration Maturity 1.975 1.983 260,000,000.00 2 72,587.30 .152 .155 1725: FHLB-Fxd-S 30/360 3130A7PV1 FH LB 5Yr 3130A7PU3 FHLB 4Yr 3130ABYZ3 FH LB 2.75YrNc9MOE 3130AC2C7 FH LB 3YrNcl YrE 3130ABZE9 FH LB 3YrNcl YrE 3130ABY34 FH LB 2.5Yr 3130ACBD5 FH LB 2.58YrNc1MOB 313379Q69 FHLB 4.5 Yr 04/05/2021 04/06/2020 05/22/2020 08/28/2020 08/28/2020 05/29/2020 06/29/2020 06/10/2022 3130ADFW7 FH LB 3Yr O1/25/2021 3130A0XD7 FH LB 3Yr 03/12/2021 3130A0XD7 FHLB3Yr 03/12/2021 313378WG2 FHLB4.08Yr 03/11/2022 313382AX1 FHLB 4.9Yr 03/10/2023 3130AE6U9 FH LB 3Yr 05/07/2021 3130AE6U9 FH LB 3Yr 05/07/2021 3130A9M40 FHLB4.17Yr 09/29/2022 3130A8R54 FHLB 4.9YrNc1Mo 07/28/2023 3130AFCU9 FH LB 3YrNc1YrE 11/26/2021 3130A8CK7 FHLB4.5Yr 06/09/2023 3130ADUJ9 FHLB11Mo 03/30/2020 313378WG2 FHLB2.91Yr 03/11/2022 3130AGT70 FHLB 1YrNc3MoB 07/29/2020 3130AGUE3 FHLB 1YrNc3MoQ 08/05/2020 3130AGWF8 FHLB 1YrNc3MoQ 08/14/2020 3130AGWJ0 FHLB 1.08YrNc3MoQ 09/11/2020 3130AGZE8 FHLB 1.4YrNc3MoQ 02/26/2021 3130AH2K8 FHLB 1YrNc3MoQ 09/10/2020 3130AGZ57 FH LB 2.16YrNc2MoB 11/26/2021 3130AH5D1 FHLB 2YrNc6MOB 09/23/2021 3130AGYJ8 FHLB 2.9YrNc5MOB O8/26/2022 1.375 1.390 5,000,000.00 4,996,350.00 99.462000 4,973,100.00 1.200 1.210 10,000,000.00 9,996,000.00 99.677000 9,967,700.00 1.600 1.600 5,000,000.00 5,000,000.00 99.849000 4,992,450.00 2.000 1.790 10,000,000.00 10,061,000.00 100.162000 10,016,200.00 1.650 1.650 5,000,000.00 5,000,000.00 99.849000 4,992,450.00 1.613 1.813 10,000,000.00 9,950,500.00 99.853000 9,985,300.00 1.650 1.861 5,350,000.00 5,321,270.50 99.942000 5,346,897.00 2.125 2.182 7,975,000.00 7,955,620.75 101.267000 8,076,043.25 2.200 2.212 15,000,000.00 14,994,900.00 100.551000 15,082,650.00 2.375 2.484 10,000,000.00 9,968,000.00 100.852000 10,085,200.00 2.375 2.489 10,000,000.00 9,966,500.00 100.852000 10,085,200.00 2.500 2.619 10,000,000.00 9,954,700.00 102.060000 10,206,000.00 2.125 2.716 11,750,000.00 11,432,397.50 101.745000 11,955,037.50 2.700 2.725 7,650,000.00 7,644,492.00 101.612000 7,773,318.00 2.700 2.703 10,000,000.00 9,999,100.00 101.612000 10,161,200.00 1.650 2.929 15,730,000.00 14,940,354.00 99.184000 15,601,643.20 1.800 2.965 3,700,000.00 3,504,196.00 99.532000 3,682,684.00 3.125 3.150 10,000,000.00 9,992,900.00 100.161000 10,016,100.00 2.050 3.147 10,000,000.00 9,540,100.00 100.001000 10,000,100.00 2.375 2.429 47,210,000.00 47,186,395.00 100.252000 47,328,969.20 2.500 2.308 30,000,000.00 30,158,100.00 102.060000 30,618,000.00 2.200 2.200 25,000,000.00 25,000,000.00 99.958000 24,989,500.00 2.200 2.200 25,000,000.00 25,000,000.00 100.006000 25,001,500.00 2.060 2.060 25,000,000.00 25,000,000.00 100.004000 25,001,000.00 2.100 2.100 25,000,000.00 25,000,000.00 100.003000 25,000,750.00 2.050 2.050 25,000,000.00 25,000,000.00 99.773000 24,943,250.00 2.050 2.060 25,000,000.00 24,997,500.00 100.002000 25,000,500.00 2.125 2.135 25,000,000.00 24,995,000.00 99.954000 24,988,500.00 2.050 2.050 25,000,000.00 25,000,000.00 100.020000 25,005,000.00 2.000 2.021 25,000,000.00 24,985,000.00 99.978000 24,994,500.00 i .i. 3 474,365,001k 472,540,375.75 10 ai7a,23 475,870,742.15 3) 1765: FHLB-STEP%-S 30/360 3130A9DH1 FHLB5YrNc3MOB 09/30/2021 2.000 2.000 15,000,000.00 15,000,000.00 100.004000 15,000,600.00 600.00 1.960 2.003 3130A9DA6 FH LB 5YrNc3MoB 09/30/2021 2.000 2.000 15,000,000.00 15,000,000.00 99.999000 14,999,850.00-150.00 1.960 2.003 3130AA2T4 FH LB 5YrNc6MoB 12/09/2021 1.600 1.600 10,000,000.00 10,000,000.00 99.821000 9,982,100.00-17,900.00 2.135 2.195 3130AA2T4 FH LB 5YrNc6MoB 12/09/2021 1.600 1.600 10,000,000.00 10,000,000.00 99.821000 9,982,100.00-17,900.00 2.135 2.195 3130AA5A2 FH LB 5YrNc1YrB 12/08/2021 1.700 1.700 15,000,000.00 15,000,000.00 99.993000 14,998,950.00-1,050.00 2.129 2.192 3130ABQVl FH LB 5YrNc6MoB 07/26/2022 2.000 2.000 15,000,000.00 15,000,000.00 100.019000 15,002,850.00 2,850.00 2.722 2.822 3130ABVZ6 FH LB 5YrNc6MoB 02/09/2022 2.000 2.000 20,000,000.00 20,000,000.00 100.043000 20,008,600.00 8,600.00 2.292 2.364 3130ABZW9 FH LB 5YrNc3MoB O8/24/2022 2.000 2.000 10,000,000.00 10,000,000.00 100.024000 10,002,400.00 2,400.00 2.799 2.901 3130AC6H2 FH LB 5YrNc3MoB O8/24/2022 2.000 2.000 15,000,000.00 15,000,000.00 100.025000 15,003,750.00 3,750.00 2.799 2.901 3130AC4T8 FH LB 5YrNc3MoB O5/24/2022 2.000 2.000 20,000,000.00 20,000,000.00 100.061000 20,012,200.00 12,200.00 2.558 2.649 3130A9TV3 FH LB 3.4YrNc2MoB 11/08/2021 1.500 2.579 10,000,000.00 9,690,500.00 99.852000 9,985,200.00 294,700.00 2.048 2.110 3130AA5Y0 FHLB 4.16YrNc2M oB 11/25/2022 1.750 2.436 5,100,000.00 4,967,400.00 99.832000 5,091,432.00 124,032.00 3.043 3.156 1.883 1.972 160,100,000.00 159,657,900.00 99.981282 160,070,032.00 412,132.00 431 -23,250.00 1.483 1.515 -28,300.00 .511 .518 -7,550.00 .635 .644 -44,800.00 .904 .912 -7,550.00 .905 .912 34,800.00 .654 .663 25,626.50 .736 .748 120,422.50 2.588 2.696 87,750.00 1.289 1.323 117,200.00 1.415 1.449 118,700.00 1.415 1.449 251,300.00 2.355 2.447 522,640.00 3.290 3.444 128,826.00 1.542 1.603 162,100.00 1.542 1.603 661,289.20 2.893 3.000 178,488.00 3.648 3.827 23,200.00 2.048 2.159 460,000.00 3.494 3.693 142,574.20 .492 .499 459,900.00 2.359 2.447 -10,500.00 .816 .830 1,500.00 .833 .849 1,000.00 .858 .874 750.00 .932 .951 -56,750.00 1.377 1.411 3,000.00 .930 .948 -6,500.00 2.108 2.159 5,000.00 1.931 1.984 9,500.00 2.805 2.907 yyn 1.569 1767: FHLB-Var-M A/360 3130A9FU0 FH LB 4Yr 09/22/2020 2.196 2.196 10,000,000.00 10,000,000.00 100.124000 10,012,400.00 12,400.00 .973 .981 3130A9FM8 FH LB 4Yr 09/22/2020 2.196 2.196 15,000,000.00 15,000,000.00 100.124000 15,018,600.00 18,600.00 .973 .981 3130A9FR7 FH LB 4Yr 09/28/2020 2.194 2.194 10,000,000.00 10,000,000.00 100.121000 10,012,100.00 12,100.00 .995 .997 3130A9FR7 FHLB 4Yr 09/28/2020 2.194 2.194 15,000,000.00 15,000,000.00 100.121000 15,018,150.00 18,150.00 .995 .997 _ 2.195 2.195 00,000.00 50.000.000.00 100.122500 50,061,250.00 61,250.00 .984 .989 1770: FHLB-Var-Q A/360 3130A8N F6 FH LB 3Yr 07/01/2020 2.444 2.444 25,000,000.00 25,000,000.00 100.196000 25,049,000.00 49,000.00 .745 .753 2.444 2.444 25,000,000.00 = 25,000,000.00 100.196000 'i00.00 1M1 49,000.00 .753 1900: FFCB-DISC NOTE 313312RT9 FFCB DISC NTE O1/13/2020 1.850 1.862 50,000,000.00 49,676,250.00 99.466000 49,733,000.00 56,750.00 .282 .288 1.850 1.862 50,000,000.00 49,676,250.00 99.466000 49,733,000.00 56,750.00 .282 .288 1925:FFCB-Fxd-S 30/360 3133EF5D5 FFCB4YrNc1YrA 04/27/2020 1.420 1.420 7,700,000.00 7,700,000.00 99.770000 7,682,290.00-17,710.00 .567 .575 3133EGSA4 FFCB4YrNc1YrA O8/24/2020 1.320 1.320 10,000,000.00 10,000,000.00 99.569000 9,956,900.00-43,100.00 .891 .901 3133EGVK8 FFCB4YrNc1YrA 09/21/2020 1.350 1.350 10,000,000.00 10,000,000.00 99.566000 9,956,600.00-43,400.00 .965 .978 3133EGXX8 FFCB4YrNc1YrA 10/13/2020 1.340 1.340 15,000,000.00 15,000,000.00 99.551000 14,932,650.00-67,350.00 1.019 1.038 3133EGC94 FFCB4YrNc3MOA 11/02/2020 1.380 1.380 10,000,000.00 10,000,000.00 99.266000 9,926,600.00-73,400.00 1.071 1.093 3133EGR49 FFCB4YrNc1YrA 12/07/2020 1.770 1.770 10,000,000.00 10,000,000.00 99.978000 9,997,800.00-2,200.00 1.163 1.189 3133EHAJ2 FFCB3YrNc1YrE 02/27/2020 1.710 1.710 10,000,000.00 10,000,000.00 99.956000 9,995,600.00-4,400.00 .407 .411 3133EHRK1 FFCB2.5Yr O1/17/2020 1.520 1.520 10,000,000.00 10,000,000.00 99.907000 9,990,700.00-9,300.00 .296 .299 3133EHUL5 FFCB 3Yr 08/10/2020 1.550 1.550 5,000,000.00 5,000,000.00 99.780000 4,989,000.00-11,000.00 .851 .863 3133EHZN6 FFCB 3Yr 03/20/2020 1.450 1.511 20,000,000.00 19,970,400.00 99.826000 19,965,200.00-5,200.00 .467 .471 3133EHJ95 FFCB 3Yr 10/26/2020 1.750 1.760 20,000,000.00 19,994,000.00 99.889000 19,977,800.00-16,200.00 1.050 1.074 3133EHP98 FFCB2Yr 11/06/2019 1.600 1.667 25,000,000.00 24,967,247.50 99.979000 24,994,750.00 27,502.50 .100 .101 3133EH6X6 FFCB 4Yr O1/12/2022 2.200 2.365 10,000,000.00 9,938,000.00 101.149000 10,114,900.00 176,900.00 2.203 2.288 3133EJEM7 FFCB 3Yr 03/O1/2021 2.500 2.501 10,000,000.00 9,999,700.00 100.951000 10,095,100.00 95,400.00 1.384 1.419 3133EJCE7 FFCB2.8Yr 02/12/2021 2.350 2.474 15,000,000.00 14,948,670.00 100.707000 15,106,050.00 157,380.00 1.333 1.373 3133EJKN8 FFCB 5Yr 04/11/2023 2.700 2.721 10,000,000.00 9,990,300.00 103.723000 10,372,300.00 382,000.00 3.304 3.532 3133EJNS4 FFCB 3Yr 05/10/2021 2.700 2.747 10,000,000.00 9,986,600.00 101.426000 10,142,600.00 156,000.00 1.550 1.611 3133EJD48 FFCB 5Yr 10/02/2023 3.050 3.095 10,000,000.00 9,979,300.00 105.591000 10,559,100.00 579,800.00 3.687 4.008 3133EJP52 FFCB44YrNc1YrA 11/O1/2022 3.330 3.330 5,000,000.00 5,000,000.00 100.114000 5,005,700.00 5,700.00 2.871 3.090 3133EHB85 FFCB 4.4YrA 04/03/2023 2.280 3.166 21,000,000.00 20,237,490.00 99.913000 20,981,730.00 744,240.00 3.299 3.510 3133EJT74 FFCB2.9Yr 11/15/2021 3.050 2.922 10,000,000.00 10,035,700.00 102.872000 10,287,200.00 251,500.00 2.022 2.129 3133EFE86 FFCB4.2YrNc1WKA 03/O1/2023 2.200 3.060 10,000,000.00 9,660,530.00 100.003000 10,000,300.00 339,770.00 3.255 3.419 3133EFX44 FFCB 3.8YrNc1 WKA 10/05/2022 2.050 3.050 10,000,000.00 9,640,870.00 99.760000 9,976,000.00 335,130.00 2.863 3.016 3133EJ3L1 FFCB 1.5Yr 06/24/2020 2.750 2.757 10,000,000.00 9,999,000.00 100.673000 10,067,300.00 68,300.00 .717 .734 3133EKBU9 FFCB 1Yr 02/27/2020 2.520 2.555 10,000,000.00 9,996,600.00 100.277000 10,027,700.00 31,100.00 .405 .411 3133EKRP3 FFCB5YrNc2YrA 06/21/2024 2.220 2.220 10,000,000.00 10,000,000.00 100.440000 10,044,000.00 44,000.00 4.436 4.729 3133EKTS5 FFCB4.5YrNc3MOA 01/03/2024 2.390 2.390 8,280,000.00 8,280,000.00 100.003000 8,280,248.40 248.40 4.004 4.263 3133EKTUD FFCB 5YrNc3MOA 07/03/2024 2.440 2.440 6,300,000.00 6,300,000.00 100.002000 6,300,126.00 126.00 4.441 4.762 3133EKYR1 FFCB 2.5YrNc3MOA 02/08/2022 2.160 2.160 25,000,000.00 25,000,000.00 99.719000 24,929,750.00-70,250.00 2.278 2.362 3133EKYL4 FFCB 1.5YrNc3MOA 02/08/2021 2.090 2.090 25,000,000.00 25,000,000.00 99.857000 24,964,250.00-35,750.00 1.326 1.362 3133EKYL4 FFCB 1.5YrNc3MOA 02/08/2021 2.090 2.090 25,000,000.00 25,000,000.00 99.857000 24,964,250.00-35,750.00 1.326 1.362 3133EKM45 FFCB 3Yr 09/06/2022 1.500 1.529 14,435,000.00 14,422,874.60 99.678000 14,388,519.30-34,355.30 2.856 2.937 231 COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR 11 Month End PorIfolio Holdings CUSIP Descripfion Maturity Coupon Yield Par Book Market Market Unrealized Modified Years To Date To Mat Value Value Price Value Gain/Loss Duration Maturity 3133EKM94 FFCB 4YrNc1YrA 09/11/2023 1.900 1.900 10,000,000.00 10,000,000.00 99.867000 9,986,700.00 418,959,713.70 -13,300.00 2,912,431.60 3.782 3.951 1.752 1.833 1930: FFCB-Var-M A/360 3133EDXQ0 FFCB 5Yr 3133EDXQ0 FFCB 5Yr 3133EDXQ0 FFCB 5Yr 3133EFT56 FFCB 4Yr 3133EF2Z9 FFCB 4Yr 3133EGCE3 FFCB 5Yr 3133EGCE3 FFCB 5Yr 3133EGYA7 FFCB 3Yr 3133EGZS7 FFCB 3Yr 3133EGF67 FFCB 3Yr 3133EGF67 FFCB 3Yr 3133EG4C6 FFCB 3.9Yr 3133EJDG1 FFCB 5Yr 3133EJJE0 FFCB 3.5Yr 2.027 2.137 417,715,000.00 416,047,282.10 100.297982 10/10/2019 2.119 2.119 15,000,000.00 15,000,000.00 100.006000 15,000,900.00 900.00 .027 .027 10/10/2019 2.119 2.119 25,000,000.00 25,000,000.00 100.006000 25,001,500.00 1,500.00 .027 .027 10/10/2019 2.119 2.412 10,000,000.00 9,997,560.00 100.006000 10,000,600.00 3,040.00 .027 .027 04/01 /2020 2.335 2.335 25,000,000.00 25,000,000.00 100.082000 25,020,500.00 20,500.00 .501 .504 04/13/2020 2.281 2.281 50,000,000.00 50,000,000.00 100.092000 50,046,000.00 46,000.00 .534 .537 05/25/2021 2.288 2.288 10,000,000.00 10,000,000.00 100.348000 10,034,800.00 34,800.00 1.640 1.652 05/25/2021 2.288 2.288 10,000,000.00 10,000,000.00 100.348000 10,034,800.00 34,800.00 1.640 1.652 10/11/2019 2.230 2.230 15,000,000.00 15,000,000.00 100.008000 15,001,200.00 1,200.00 .030 .030 10/24/2019 2.217 2.217 15,000,000.00 15,000,000.00 100.021000 15,003,150.00 3,150.00 .066 .066 11/14/2019 2.198 2.198 15,000,000.00 15,000,000.00 100.035000 15,005,250.00 5,250.00 .122 .123 11/14/2019 2.198 2.198 15,000,000.00 15,000,000.00 100.035000 15,005,250.00 5,250.00 .122 .123 O1/18/2022 2.281 1.874 15,000,000.00 15,139,095.00 100.162000 15,024,300.00-114,795.00 2.248 2.304 02/21 /2023 2.116 2.116 15,000,000.00 15,000,000.00 99.473000 14,920,950.00-79,050.00 3.290 3.397 10/04/2021 2.107 2.107 15,000,000.00 15,000,000.00 99.830000 14,974,500.00-25,500.00 1.967 2.014 2.217 2.205 250,000,000.00 250,136,655.00 100.029480 250,073,700.00-62,955.00 1936: FFCB-Var-SOFR-Q A/360 3133EKT63 FFCB 2Yr 09/24/2021 1.960 1.960 15,000,000.00 15,000,000.00 100.020000 15,003,000.00 3,000.00 1.939 1.986 1.960 1.960 15,pp3,000.00 15,000,000.00 100.020000 15,003,000.00 3,000.00 1.939 1.98g 1950: FMAC-Fxd-S 30/360 3132X0074 FAMCA 2.08Yr 02/03/2020 1.970 1.970 15,000,000.00 15,000,000.00 99.988000 14,998,200.00-1,800.00 .342 .345 3132X02Y6 FAMCA 1.58Yr 01 /02/2020 2.530 2.530 20,000,000.00 20,000,000.00 100.126000 20,025,200.00 25,200.00 .254 .258 3132X03B5 FAMCA 4.9Yr 06/30/2023 2.850 2.964 10,000,000.00 9,947,900.00 104.077000 10,407,700.00 459,800.00 3.506 3.751 3132X04F5 FAMCA 2.91 Yr 07/23/2021 2.840 2.864 10,000,000.00 9,993,300.00 101.793000 10,179,300.00 186,000.00 1.747 1.814 31422BBR0 FAMCA 1.16Yr 03/16/2020 2.640 2.640 15,000,000.00 15,000,000.00 100.299000 15,044,850.00 44,850.00 .454 .460 31422BEP1 FAMCA 1.08Yr 05/29/2020 2.430 2.430 25,000,000.00 25,000,000.00 100.300000 25,075,000.00 75,000.00 .650 .663 2.499 2.516 95,000,000.00 94,941,200.00 100.768684 95,730,250.00 789,050.00 .915 .955 1965: FMAC-Var-M A/360 3132X0AT8 FAMCA 2.5 Yr 06/02/2020 2.240 1.899 25,000,000.00 25,063,500.00 100.003000 25,000,750.00-62,750.00 .668 .674 3132X0S77 FAMCA 3Yr 04/23/2021 2.068 2.068 25,000,000.00 25,000,000.00 99.966000 24,991,500.00-8,500.00 1.538 1.564 3132X0U90 FAMCA 3Yr 05/10/2021 2.069 2.069 10,000,000.00 10,000,000.00 99.911000 9,991,100.00-8,900.00 1.583 1.611 2350: MUNIS-S 30/360 882723A33 TEXAS STATE 60,063,500.00 99.972250 10/01 /2019 1.497 1.497 5,000,000.00 5,000,000.00 100.000000 5,000,000.00 0.00 419792JH0 HAWAII STATE 04/01/2020 1.660 1.660 5,055,000.00 5,055,000.00 100.000000 5,055,000.00 0.00 76222RUM2 RHODE ISLAND STATE 05/01 /2020 1.625 1.520 2,660,000.00 2,670,719.80 100.403000 2,670,719.80 0.00 3733845L6 GEORGIA STATE 07/01/2020 3.000 1.370 6,825,000.00 7,254,770.25 106.297000 7,254,770.25 0.00 419792N E2 HAWAII STATE 10/O1/2019 1.151 1.101 2,250,000.00 2,253,262.50 100.145000 2,253,262.50 0.00 419792N F9 HAWAII STATE 10/O1/2020 1.370 1.319 2,250,000.00 2,254,320.00 100.192000 2,254,320.00 0.00 13063DAC2 STATE OF CALIFORNIA 04/01 /2021 2.625 2.011 14,400,000.00 14,688,720.00 102.005000 14,688,720.00 0.00 76222RWT5 RHODE ISLAND ST & PROV PLANT 04/01 /2020 2.750 2.451 3,065,000.00 3,082,378.55 100.567000 3,082,378.55 0.00 76222RWU2 RHODE ISLAND ST&PROV PLANT 04/O1/2021 2.750 2.551 3,150,000.00 3,167,766.00 100.564000 3,167,766.00 0.00 13063DGA0 STATE OF CALIFORNIA 04/01 /2021 2.800 2.799 16,000,000.00 16,000,640.00 100.004000 16,000,640.00 0.00 13063DAC2 STATE OF CALIFORNIA 04/O1/2021 2.625 2.850 1,795,000.00 1,784,301.80 99.404000 1,784,301.80 0.00 13063DAD0 STATE OF CALIFORNIA 04/O1/2022 2.367 2.960 1,500,000.00 1,468,800.00 97.920000 1,468,800.00 0.00 544351 MM8 CITY OF LOS ANGELES 09/01 /2021 4.000 2.919 8,915,000.00 9,200,993.20 103.208000 9,200,993.20 0.00 13063DAD0 STATE OF CALIFORNIA 04/01 /2022 2.367 3.120 17,695,000.00 17,256,340.95 97.521000 17,256,340.95 0.00 13063DAD0 STATE OF CALIFORNIA 04/01 /2022 2.367 3.290 25,000,000.00 24,275,250.00 97.101000 24,275,250.00 0.00 13063DGA0 STATE OF CALIFORNIA 04/O1/2021 2.800 2.680 10,825,000.00 10,852,170.75 100.251000 10,852,170.75 0.00 419792YK6 STATE OF HAWAII O1/O1/2021 3.250 2.733 12,745,000.00 12,864,165.75 100.935000 12,864,165.75 0.00 419792YL4 STATE OF HAWAII 01 /01 /2022 2.770 2.770 3,500,000.00 3,500,000.00 100.000000 3,500,000.00 0.00 419792YJ9 STATE OF HAWAII 01 /01 /2020 2.650 2.650 7,500,000.00 7,500,000.00 100.000000 7,500,000.00 0.00 13063CSQ4 STATE OF CALIFORNIA 04/01 /2020 1.800 2.501 14,830,000.00 14,729,897.50 99.325000 14,729,897.50 0.00 368079HQ5 GAVILAN CM NTY CLG GO 08/O1/2020 2.470 2.470 1,650,000.00 1,650,000.00 100.000000 1,650,000.00 0.00 2.539 2.583 166,610,000.00 166,509,497.05 99.939678 166,509,497.05 3 0.00 3020: COMMERCIAL PAPER 16677KY80 CHEVRON 11/08/2019 2.440 2.478 100,000,000.00 98,468,222.22 99.778333 99,778,333.33 1,310,111.11 .104 .107 03785EY65 APPLE 11/06/2019 2.510 2.549 25,000,000.00 24,620,013.89 99.790000 24,947,500.00 327,486.11 .099 .101 03785DAF3 APPLE O1/15/2020 2.430 2.470 30,000,000.00 29,518,050.00 99.387556 29,816,266.67 298,216.67 .286 .293 30229BXP7 EXXON MOBIL 10/23/2019 2.200 2.215 25,000,000.00 24,825,833.25 99.871667 24,967,916.67 142,083.42 .062 .063 63763PA90 NATL SEC CLEARING CORP O1/09/2020 2.100 2.124 25,000,000.00 24,721,458.33 99.422222 24,855,555.56 134,097.23 .271 .277 30229BXP7 EXXON MOBIL 10/23/2019 2.190 2.204 25,000,000.00 24,838,791.67 99.871667 24,967,916.67 129,125.00 .062 .063 03785EX90 APPLE 10/09/2019 2.140 2.151 35,000,000.00 34,827,313.89 99.953333 34,983,666.67 156,352.78 .024 .025 93114FX74 WAL-MART STORES INC 10/07/2019 2.150 2.160 15,000,000.00 14,928,333.33 99.965000 14,994,750.00 66,416.67 .019 .019 30229BXH5 EXXON MOBIL 10/17/2019 2.130 2.139 12,600,000.00 12,545,578.50 99.906667 12,588,240.00 42,661.50 .046 .047 63763QXN2 NATL SEC CLEARING CORP 10/22/2019 2.100 2.110 15,000,000.00 14,931,750.00 99.877500 14,981,625.00 49,875.00 .059 .060 63763QX93 NATL SEC CLEARING CORP 10/09/2019 2.100 2.108 25,000,000.00 24,909,583.33 99.953333 24,988,333.33 78,750.00 .024 .025 63763PAD1 NATL SEC CLEARING CORP O1/13/2020 1.950 1.966 50,000,000.00 49,585,625.00 99.399111 49,699,555.56 113,930.56 .282 .288 63763PAF6 NATL SEC CLEARING CORP O1/15/2020 1.950 1.967 25,000,000.00 24,790,104.17 99.387556 24,846,888.89 56,784.72 .287 .293 03785DAQ9 APPLE O1/24/2020 1.980 1.998 55,000,000.00 54,506,925.00 99.335556 54,634,555.56 127,630.56 .311 .318 63763PAF6 NATL SEC CLEARING CORP O1/15/2020 1.950 1.966 35,000,000.00 34,709,937.50 99.387556 34,785,644.44 75,706.94 .287 .293 63763PAQ2 NATL SEC CLEARING CORP O1/24/2020 1.910 1.925 15,000,000.00 14,879,829.17 99.335556 14,900,333.33 20,504.16 .312 .318 16677KZL0 CHEVRON 12/20/2019 1.950 1.962 15,000,000.00 14,907,375.00 99.531111 14,929,666.67 22,291.67 .217 .222 16677JAV8 CHEVRON O1/29/2020 1.950 1.966 33,247,000.00 32,982,270.76 99.310000 33,017,595.70 35,324.94 .325 .332 16677KYL1 CHEVRON 11/20/2019 1.990 1.999 15,000,000.00 14,936,154.17 99.708333 14,956,250.00 20,095.83 .137 .140 30229BY68 EXXON MOBIL 11/06/2019 1.970 1.977 35,000,000.00 34,883,168.06 99.790000 34,926,500.00 43,331.94 .099 .101 63763QYL5 NATL SEC CLEARING CORP 11/20/2019 2.010 2.018 25,000,000.00 24,902,291.67 99.708333 24,927,083.33 24,791.66 .137 .140 16677JA89 CHEVRON O1/08/2020 1.950 1.963 15,000,000.00 14,903,312.50 99.428000 14,914,200.00 10,887.50 .269 .274 63763QYV3 NATL SEC CLEARING CORP 11/29/2019 2.050 2.058 25,000,000.00 24,898,923.61 99.655833 24,913,958.33 15,034.72 161 164 2.12a& 2.143 675,847,000.00 670,020,845.02 99.626444 673,322,335.71 3,301,490.69 3130: CORP-Fxd-S 30/360 594918BV5 MICROSOFT CORP 02/06/2020 1.850 2.273 6,350,000.00 6,297,739.50 99.952000 6,346,952.00 49,212.50 .349 .353 594918BV5 MICROSOFT CORP 02/06/2020 1.850 2.277 6,000,000.00 5,951,100.00 99.952000 5,997,120.00 46,020.00 .349 .353 594918BG8 MICROSOFT CORP 11/03/2020 2.000 2.543 25,000,000.00 24,649,750.00 100.166000 25,041,500.00 391,750.00 1.063 1.096 594918BV5 MICROSOFT CORP 02/06/2020 1.850 2.354 3,000,000.00 2,971,440.00 99.952000 2,998,560.00 27,120.00 .349 .353 594918BV5 MICROSOFT CORP 02/06/2020 1.850 2.373 4,097,000.00 4,057,013.28 99.952000 4,095,033.44 38,020.16 .349 .353 594918BV5 MICROSOFT CORP 02/06/2020 1.850 2.388 8,000,000.00 7,920,160.00 99.952000 7,996,160.00 76,000.00 .349 .353 594918BV5 MICROSOFT CORP 02/06/2020 1.850 2.414 16,000,000.00 15,832,480.00 99.952000 15,992,320.00 159,840.00 .349 .353 478160852 JOHNSON 8, JOHNSON 03/O1/2021 1.650 2.646 12,000,000.00 11,663,160.00 99.797000 11,975,640.00 312,480.00 1.389 1.419 594918BV5 MICROSOFT CORP 02/06/2020 1.850 2.469 10,000,000.00 9,887,000.00 99.952000 9,995,200.00 108,200.00 .349 .353 .003 .003 .495 .504 .578 .586 .740 .753 .003 .003 .986 1.005 1.450 1.504 .490 .504 1.444 1.504 1.442 1.504 1.444 1.504 2.380 2.504 1.835 1.923 2.378 2.504 2.376 2.504 1.442 1.504 1.217 1.258 2.163 2.258 .251 .255 .492 .504 820 838 1.400 1� 232 COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR 12 Month End Portfolio Holdings CUSIP Descripfion Maturity Coupon Yield Par Book Market Market Unrealized Modified Years To Date To Mat Value Value Price Value Gain/Loss Duration Maturity 478160852 594918AY0 931142DY6 931142DY6 478160BS2 594918BG8 JOHNSON & JOHNSON MICROSOFT CORP WALMART WALMART JOHNSON &JOHNSON MICROSOFT CORP ETotal Fund 03/01/2021 02/12/2020 10/09/2019 10/09/2019 03/01/2021 11/03/2020 1.650 1.850 1.750 1.750 1.650 2.000 1.815 2.003 2.625 2.691 2.824 2.838 3.149 2.912 2.648 2.132 12,969,000.00 16,880,000.00 25,000,000.00 22,029,000.00 10,295,000.00 10,100,000.00 187,720,000.00 12,617,410.41 16,654,820.80 24,752,750.00 21,812,234.64 9,955,059.10 9,929,41 1.00 184,951,528.73 6,352,364,944.14 6,333,085,946.48 99.797000 99.916000 99.990000 99.990000 99.797000 100.166000 99.969179 12,942,672.93 16,865,820.80 24,997,500.00 22,026,797.10 10,274,101.15 10,1 16,766.00 ,T7,662,143.42 325,262.52 21 1,000.00 244,750.00 214,562.46 319,042.05 187,355.00 2,710,614.69 99.994050 6,351,986,977.01 18,901,030.53 1.389 .365 .024 .024 1.385 1.061 .M97 .6111 1.419 .370 .025 .025 1.419 1.096 1.062 1.103 COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR 233 13 The Mission Inn, Downtown Riverside. Digital Image. The Mission Inn. http://www.missioninn.com/about-en.html. COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR 234 COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR CAPITAL MARKETS COUNTY ADMINISTRATIVE CENTER 4080 LEMON STREET, 4TH FLOOR, RIVERSIDE, CA 92502-2205 WWW.COUNTYTREASURER.ORG AGENDA ITEM 7E RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: December 11, 2019 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Shirley Medina, Planning and Programming Director THROUGH: Anne Mayer, Executive Director SUBJECT: County of Riverside Request for Additional Funds for the Salt Creek Trail BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to approve federal Congestion Mitigation and Air Quality (CMAQ) funds in the additional amount of $594,203 for a total amount of $5,684,203 to fully fund construction of the Salt Creek Trail project. BACKGROUND INFORMATION: In 2014, the Commission approved the Multifunding Call for Projects consisting of federal CMAQ, Surface Transportation Block Grant (STBG), and 2009 Measure A Western County Regional Arterial funds. The Salt Creek Trail project was approved for $5,090,000 of CMAQ funds to construct a 4-mile segment in the city of Menifee and a 1-mile segment in the city of Hemet. A Class I bike path and a soft pedestrian path will be constructed along the north side of the Salt Creek flood control channel and along Domenigoni Parkway (Attachment 1). The County of Riverside (County) is the lead agency for the project, which has gone through a lengthy and complex environmental process through the National Environmental Protection Act. The project is located within a major creek requiring extensive biological and cultural studies. The project was originally an 8-mile segment; however, a decision to remove a 3-mile segment was necessary as it would have significantly increased costs for habitat restoration. Coordination efforts with private and public property owners including Riverside County Flood Control & Water Conservation District, Caltrans, and the cities of Hemet and Menifee were also undertaken. Approval of design review, maintenance agreements, and permits were required by each of these agencies. In addition, reviews were required by Caltrans Headquarters and the Federal Highway Administration as the trail crosses under Interstate 215 necessitating an encroachment permit exception. The County also worked on securing a public trail easement as a gift with no cost to the County. The County recently opened bids on the project, which came in higher than the engineer's estimate. The low bid for the project was $3,849,275. Adding in 10 percent contingency and non -bid items, the total cost of construction is $5,684,203, as summarized in the table below. Agenda Item 7E 236 The County anticipates awarding the contract in December 2019; however, the total project cost exceeds the CMAQ funding previously approved by $594,203. Construction Costs for Salt Creek Trail Project Construction Contract $ 3,849,275 10% Contingency 384,928 Agency Furnished Material 720,000 Construction Management 730,000 Total Construction 5,684,203 CMAQ Funding Approved (5,090,000) Funding Shortfall $ 594,203 The Salt Creek Trail is an important regional active transportation project and will benefit the cities of Hemet and Menifee and nearby communities. This regional trail will provide greenhouse gas and public health benefits. The ultimate length of the trail is planned to be 16 miles, and this first segment will serve as a catalyst for future extensions. Staff recommends increasing CMAQ funds for this project bringing the total of CMAQ funding for the Salt Creek Trail to $5,684,203. Currently, there are sufficient CMAQ funds to cover the $594,203 shortfall without impacting other approved CMAQ projects. Federal CMAQ funds are administered through Caltrans. Therefore, there is no fiscal impact to the Commission's budget. Attachment: Salt Creek Trail Map Approved by the Budget and Implementation Committee on November 25, 2019 In Favor: 10 Abstain: 0 No: 0 Agenda Item 7E 237 0 1 Mile 16 MILE SALT CREEK TRAIL LEGEND Current Project - environmental document and construction limits Current Project - environmental document only Future Project 238 AGENDA ITEM 7F RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: December 11, 2019 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Shirley Medina, Planning and Programming Director THROUGH: Anne Mayer, Executive Director SUBJECT: Long Range Transportation Study BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to receive and file the Riverside County Long Range Transportation Study (LRTS). BACKGROUND INFORMATION: At its January 2016 workshop, the Commission approved the Strategic Assessment and recommendations to pursue additional studies to develop a vision for the future of transportation in Riverside County — including the Next Generation Rail Study, Next Generation Toll Feasibility Study, and the development of a Countywide LRTS. In 2017, the Commission approved a contract with VRPA Technologies to prepare the LRTS, which would also serve as input to the Southern California Association of Government's (SCAG) 2020 Regional Transportation Plan/Sustainable Communities Strategy (RTP/SCS), also referred to as Connect SoCal, scheduled to be adopted by SCAG in April 2020 and federally approved in June 2020. The Riverside County LRTS effort provides data and analysis for the Commission to consider as it develops future transportation policies and strategies in addressing growth and demand on the multimodal transportation system over the next 25 years. The LRTS is the Commission's first countywide transportation study and sets the stage for additional discussion and coordination with Riverside County jurisdictions, transit operators, Coachella Valley Association of Governments, Western Riverside Council of Governments, Caltrans, SCAG, and other transportation stakeholders. The study reviewed population and employment growth and its impact on the multimodal transportation system, planned projects included in the RTP/SCS, and anticipated available funding sources. The LRTS also incorporates the Commission's adopted 2019-2029 Western Riverside County Highway Delivery plan approved in July 2019. The LRTS is itself not a policy document, but rather a collection of information and analysis that reflects the current and future state of transportation in Riverside County. It is also a snapshot in time; conditions are continually changing and elements of the study may require updating in the future. Agenda Item 7F 239 Key LRTS discussion topics/chapters include: • Chapter I. Introduction • Chapter II. Delivering the Promise • Chapter III. Riverside County Profile • Chapter IV. Riverside County Today - Existing Conditions • Chapter V. Riverside County in the Future — Multimodal Transportation System • Chapter VI. Major Projects and Evaluation Assumptions and Methods • Chapter VII. Funding of Roadway and Transit Capital Investment • Chapter VIII. Financial Sources Analysis • Chapter IX. Riverside County Congestion Management Program/Process • Chapter X. Study Update Process The LRTS findings primarily highlight the need for additional funding to implement planned projects for the multimodal system including strategies to reduce congestion. In order to accommodate the growth in population and employment, improvements are needed for all transportation modes in addition to programs that enhance ridesharing, increase rail and transit ridership, and promote active transportation. Building new highway capacity will be challenging as capacity enhancement projects face limited funding opportunities at the state level as competitive programs are geared toward reducing greenhouse gases (AB 32, SB 375) and vehicle miles traveled (SB 743). At the federal level, transportation funding is not expected to increase at levels needed to support transportation demand in Riverside County, and national grant funding opportunities are extremely competitive and do not award grants large enough to build the billions of dollars in capacity needs in Riverside County. Per the LRTS financial analysis, the amount of funding needed to support projects over the next 25 years totals approximately $10 billion for highways and arterials, and just over $3 billion for transit capital for a total unfunded need of $13 billion. Transit operating needs were not specifically examined; however, shortfalls in transit operating funds are expected to continue. It should be noted that SCAG as the Metropolitan Planning Organization for Southern California is mandated to prepare a RTP/SCS in accordance with state and federal statutes. SCAG's Connect SoCal is a six -county regional transportation plan that addresses several requisite elements, such as air quality conformity, land use, multimodal performance measurement, and financial forecasting to name a few. The intention of the LRTS was not to address or duplicate those specific elements conducted by SCAG, as the focus and role of the Commission is to address transportation issues. In comparing the financial assumptions between the LRTS and SCAG's Draft Connect SoCal, the LRTS is conservative and based on current known funding sources. SCAG's financial forecast assumed new funding programs, such as a mileage -based road charge fee and a federal gasoline tax increase. The LRTS will be a living document and updated periodically; it has no current fiscal impact. Future updates to the LRTS may be initiated by several activities including, but not limited to, Agenda Item 7F 240 new legislative requirements; policies; planning studies; funding changes; and population, housing, employment growth forecasts. Attachment: Riverside County Long Range Transportation Study (Posted on Commission Website) Received and filed by the Budget and Implementation Committee on November 25, 2019 Agenda Item 7F 241 ATTACHMENT 1 RIVERSIDE COUNTY TRANSPORTATION COMMISSION L 66 of ii= RTS LONG RANGE TRANSPORTATION STUDY Riverside County Long Range Transportation Study RIVERSIDE COUNTY TRANSPORTATI ON COMMISSION Riverside County Long Range Transportation Study M M MOTT MACDONALD December 2019 Prepared For: RIVERSIDE COUNTY TRANSPORTATION COMMISSION 4080 Lemon Street, 3rd Floor Riverside, CA 92501 Ph: (951) 787-7141 Fax: (951) 787-7920 Prepared By: VRPQ TECHNOIOG►ES. INC. 4630 W. Jennifer, Suite 105 Fresno, CA 93722 Ph: (559) 271-1200 Fax: (559) 271-1269 In Association With: iteris® c a Riverside County Transportation Commission Riverside County Long Range Transportation Study TABLE OF CONTENTS Executive Summary ES-2 Framing the Issues ES-2 LRTS Goals and Objectives ES-4 The LRTS and Its Relationship to Other Agencies and Plans ES-4 Summary of Future Transportation Projects ES-8 Funding of Roadway and Transit Capital Investments ES-12 Summary of the LRTS Transportation Strategies ES-13 Chapter I. Introduction 2 Overview of Riverside County and RCTC 2 Key RCTC Partners 6 Study Purpose 9 The Critical Need for Additional Funding 11 What We Have Learned from Riverside County Residents 11 Chapter Preview 14 Chapter II. Delivering the Promise 16 Measure A Western Riverside County 10-Year Delivery Plan 16 Chapter III. Riverside County Profile 20 Future Land Use and Population Characteristics 20 Economic Development 23 Chapter IV. Riverside County Today — Existing (2016) Conditions 67 Existing Land Use and Population Characteristics 67 Travel Market and Mobility Trends 69 Freeways, Highways, and Major Arterials Roadways 76 Transit System 84 Active Transportation 92 Freight and Goods Movement 96 Aviation 104 Mobility Innovations 108 Chapter V. Riverside County in The Future — Multimodal Transportation System 112 Highways and Major Roadways 112 Rail, Transit and Paratransit System and Service Providers' Connectivity, Maintenance, and Operations 136 Transit -Oriented Development/High-Quality Transit Areas 143 Next Generation Rail Study 154 Active Transportation 158 Goods Movement 164 Transportation System Management/Transportation Demand Management 172 Sustainability Issues 174 Disadvantaged Communities/Environmental Justice Issues 176 December 2019 Page I i Riverside County Transportation Commission Riverside County Long Range Transportation Study Chapter VI. Major Projects and Evaluation Assumptions and Methods 178 Identification of Projects 178 RTP/SCS Projects 184 Evaluation Assumptions and Methods 184 Chapter VII. Funding of Roadway and Transit Capital Investments 191 Introduction 191 General Assumptions Related to Funding Sources 191 Roadway Project List Analysis 191 Roadway Sources and Uses Summary and Potential Funding Strategies 194 Transit Project List Analysis 194 Transit Sources and Uses Summary and Potential Funding Strategies 195 Chapter VIII. Financial Sources Analysis 199 Existing Major Revenue Sources 199 Federal Programs 199 State Programs 206 Local Programs 210 Measure A 211 Other Potential Revenue and Funding Opportunities 212 Chapter IX. Riverside County Congestion Management Program 217 Introduction 217 State CMP 217 Federal CMP 218 CMP System 219 Transportation Modeling 219 Performance Standards 219 RCTC Conformance and Monitoring Process 223 RCTC Deficiency Plan Process 224 Management Strategies 225 RCTC CIP Program 225 RCTC Conformance and Monitoring 226 SCAG Consistency Review 226 CMP Development, Implementation, and Update Process 226 Chapter X. Study Update Process 228 Advancement of Projects 228 Funding 229 Ongoing Monitoring and Performance -based Planning 230 December 2019 Page i Riverside County Transportation Commission Riverside County Long Range Transportation Study APPENDICES Appendix A - Long Range Transportation Study: State Highway and Major Roadway Projects Appendix B - Long Range Transportation Study: Major Transit Projects Appendix C - SCAG 2020 RTP/SCS Submitted Projects Appendix D - Key Funding Programs LIST OF TABLES Table 1— RCTC Activities and Functions 4 Table 2 — Measure A Revenue for Local Streets and Roads 5 Table 3 — RCTC and Its Partners Key Responsibilities 7 Table 4 — Policy Goals and Objectives 10 Table 5 — How the LRTS Addresses Key Public Engagement Comments 13 Table 6 — SCAG Regional Population and Employment by County, 2040 21 Table 7 — Riverside County Population and Employment, 2040 22 Table 8 —Top Industry Sectors (2015) for Riverside County Compared to SCAG Region 32 Table 9—Top Occupations (2012-2017) for Riverside County MSA 33 Table 10 — Riverside County Population Education Level, 2016 34 Table 11— Real Estate Historical Market Conditions 42 Table 12 — County and Subarea Commute Inflow/Outflow, 2015 45 Table 13 — Major Job Categories and Monthly Earnings Categories by Subarea, 2016 46 Table 14 — Western Riverside County Commute Pattern Data, 2015 48 Table 15 — Coachella Valley Commute Patterns, 2015 49 Table 16 — Palo Verde Valley Commute Patterns, 2015 50 Table 17 — Population Projections by Subarea, 2012-2040 53 Table 18 —Job Projection by Subarea, 2012-2040 53 Table 19 — SCAG Region Employment Growth by City, 2015-2040 54 Table 20 — Plan Area and Demographics 57 Table 21— Plan Area Real Estate Conditions 58 Table 22 — SCAG Regional Population and Employment by County, 2000 - 2015 68 Table 23 — Riverside County Population and Employment, 2016 69 Table 24 — Daily Person Trips 70 Table 25 — AM Peak Period (6-9 AM) Inter -County Auto and Truck Trips 75 Table 26 — AM Peak Period (6-9 AM) Inter -County Auto and Truck Trips 75 Table 27 — First and Last Mile Mobility Plan Pilot Station Locations 86 Table 28—Transit Providers and Service Offerings in Riverside County 88 Table 29 — SCAG 2016 RTP/SCS 2040 Plan: Highest Cost Riverside County Roadway Projects 113 Table 30— Potential Express Lanes Projects 114 Table 31—Transit Ridership Changes 138 Table 32 — Corridor Advantages and Disadvantages 157 December2019 Page I iii Riverside County Transportation Commission Riverside County Long Range Transportation Study Table 33 —18 High Priority Grade Separation Projects in Riverside County 168 Table 34 — Project Level Performance Measures — State Highway and Major Roadway Projects 186 Table 35 — Project Level Performance Measures — Major Transit Projects 189 LIST OF FIGURES Figure 1— Regional Location 3 Figure 2 — 2019 - 2009 Western Riverside County Highway Delivery Plan 17 Figure 3 — 2019 - 2029 Western Riverside County Highway Delivery Plan — Evaluation Process 18 Figure 4 — Population and Employment by SCAG Region, 2018 26 Figure 5 — Population and Employment by SCAG Region, 2018 27 Figure 6 — Riverside County Population Growth by District, 1970 - 2018 29 Figure 7 — Riverside County Population and Job Growth, 1970 - 2018 30 Figure 8 — Subarea Percent of Jobs by Sector 35 Figure 9 — Concentration of Transportation and Warehousing Jobs in Riverside County 37 Figure 10 — Concentration of Transportation and Warehousing Jobs in Riverside County 38 Figure 11— Concentration of Professional, Scientific, Technical Services Job in Riverside County 39 Figure 12 — Concentration of Homes of All Employed Residents in Riverside County 40 Figure 13 — Riverside County Inflow/Outflow, 2015 44 Figure 14 — SCAG Region Employment Change, 2012-2040 52 Figure 15 — Existing and Future Daily Auto Trips in and to/from Riverside County 71 Figure 16 - Existing and Future Daily Auto Trips in and to/from Western Riverside County 72 Figure 17 — Existing and Future Truck Daily Trips in and to/from Riverside County 73 Figure 18 - Existing and Future Truck Daily Trips in and to/from Western Riverside County 74 Figure 19 — Existing, Holiday, Weekend, and Seasonal Traffic Patterns in Riverside County 76 Figure 20 — Existing Highways 80 Figure 21— Corridor System Management Plan Projects 83 Figure 22 — Riverside County Fixed -Route Service Providers and Service Areas 89 Figure 23 — Riverside County Active Transportation Plans 93 Figure 24 — Class I Bikeway 94 Figure 25 - Class II Bikeway 94 Figure 26 - Class III Bikeway 95 Figure 27 - Class IV Bikeway 95 Figure 28 — Riverside County Freight Rail Corridors 97 Figure 29 — Riverside County Major Truck Routes 98 Figure 30 — Riverside County Trucking Corridors and Major Bottlenecks 100 Figure 31— Riverside County Goods Movement Network Showing Intermodal Facilities 101 Figure 32 — Major Commodities Moved by Rail in Riverside County 103 Figure 33 — Major Commodities Moved by Truck in Riverside County 103 Figure 34 — Palm Springs International Airport Location 105 December 2019 Page I iv Riverside County Transportation Commission Riverside County Long Range Transportation Study Figure 35 — March Air Reserve Base Location 107 Figure 36 — 2040 Plan Future Highway and Potential Express Lanes Projects 115 Figure 37 — Roadway Facility Lane Miles 117 Figure 38 — Baseline 2040 Projects (Western Riverside County) 118 Figure 39 — Baseline 2040 Projects (Eastern Riverside County) 119 Figure 40 — Plan 2040 Projects (Western Riverside County) 120 Figure 41— Plan 2040 Projects (Eastern Riverside County) 121 Figure 42 - Inland Empire East-West Multimodal Corridor 123 Figure 43 - Inland Empire North -South Multimodal Corridor 124 Figure 44 - Incidents 126 Figure 45 — Annual Vehicle Miles Traveled 126 Figure 46 — Plan 2040 Projects 128 Figure 47 — Baseline 2040 PM Peak Period Level of Service 129 Figure 48 — Plan 2040 PM Peak Period Level of Service 130 Figure 49 — Corridors with Level of Service E or F in 2040 131 Figure 50 —Transit-Oriented and Transit Supportive Land Use Policies (Western Riverside County) 144 Figure 51 - Transit -Oriented and Transit -Supportive Land Use Policies (Coachella Valley) 145 Figure 52 — Riverside County Northwest High Quality Transit Areas, 2040 146 Figure 53 — Riverside County Southwest High Quality Transit Areas, 2040 147 Figure 54 — Riverside County Coachella Valley High Quality Transit Areas, 2040 148 Figure 55 — Next Generation Rail Study Task 1 Study Process 154 Figure 56— Existing Regional Rail/Transit Services 155 Figure 57 — Bicycle Network and Areas of Pedestrian Activity (Western Riverside County) 160 Figure 58 — Bicycle Network and Areas of Pedestrian Activity (Coachella Valley) 161 Figure 59 — Riverside County Disadvantaged Communities 169 Figure 60 — Project Locations — Western Riverside County 179 Figure 61— Project Locations — Coachella Valley 180 Figure 62 — Project Locations — Palo Verde Valley 181 Figure 63 — Number of State Highway and Major Roadway Projects by Completion Year 182 Figure 64 — State Highway and Major Roadway Projects Cost by Completion Year 183 Figure 65 — Number of Major Transit Projects by Completion Year 183 Figure 66 — Major Transit Projects Cost by Completion Year 184 Figure 67 — Annual Roadway Capital Project Funding by Source (Thousands) 192 Figure 68 — Annual Roadway Capital Project Funding Sources vs. Roadway Capital Project Uses (Thousands) 193 Figure 69 —Total Cumulative Roadway Capital Project Funding Surplus/Shortfall (Thousands) 193 Figure 70 —Total Roadway Capital Project Funding vs. Total Roadway Capital Projects Uses (Thousands) 194 Figure 71— Annual Transit Capital Project Funding by Source (Thousands) 196 Figure 72 — Annual Transit Capital Project Funding Sources vs. Transit Capital Project Uses (Thousands) 196 Figure 73 —Total Cumulative Transit Capital Project Funding Surplus/Shortfall (Thousands) 197 December 2019 Page I v Riverside County Transportation Commission Riverside County Long Range Transportation Study Figure 74 —Total Transit Capital Project Funding vs. Total Transit Capital Project Uses (Thousands) 197 Figure 75 — 2016 PM Period Level of Service 221 Figure 76 — Plan 2040 PM Period Level of Service 222 ABBREVIATIONS AND ACRONYMS AADT Annual Average Daily Traffic AB Assembly Bill ACV Automated/Connected Vehicle ADA Americans with Disabilities Act ADT Average Daily Traffic ARB Air Resources Board ATM Advanced Traffic Management ATP Active Transportation Plan AZ Arizona BCI Bicycle Compatibility Index BLOS Bicycle Level of Service BNSF Burlington Northern Santa Fe Railroad BRT Bus Rapid Transit BTA Bicycle Transportation Account BUILD Better Utilizing Investment to Leverage Development CA California Caltrans California Department of Transportation CAV Connected and Automated Vehicles CBD Central Business District (City of Palm Springs) CCP Comprehensive Corridor Plan CDP Census Designated Place CEQA California Environmental Quality Act CETAP Community Environmental Transportation Acceptability Process CMA Congestion Management Agency CMAQ Congestion Mitigation and Air Quality Improvement Program CMIA Corridor Mobility Improvement Account CMP Congestion Management Plan CMS Congestion Management System CO Carbon Monoxide CPA Community Planning Area (City of Los Angeles) CPUC California Public Utilities Commission CSMP Corridor System Management Plans CTC California Transportation Commission CV Link Coachella Valley Link CVAG Coachella Valley Association of Governments DBF Design -Build -Finance DCCM Dynamic Corridor Congestion Management DOF Department of Finance DPR Department of Parks and Recreation EDD Employment Development Department EEM Environmental Enhancement and Mitigation December 2019 Page I vi Riverside County Transportation Commission Riverside County Long Range Transportation Study EGPR Environmental Goals and Policy Report FAR Floor Area Ration FAST Fixing America's Surface Transportation Act FHWA Federal Highway Administration FTA Federal Transit Administration FTIP Federal Transportation Improvement Project FY Fiscal Year GGRF Greenhouse Gas Reduction Fund GHG Greenhouse Gas GIS Geographic Information System HCM Highway Capacity Manual HDT Heavy Duty Trucks HIOC Hoover Index of Concentration HOT High Occupancy Toll HOV High Occupancy Vehicle HQTA High Quality Transit Areas HSIP Highway Safety Improvement Program 1 Interstate ICM Integrated Corridor Management IEN Information Exchange Network IEOC Inland Empire —Orange County IOD Index of Divergence ITIP Interregional Transportation Improvement Program ITS Intelligent Transportation System LA Metro Los Angeles County Metropolitan Transportation Authority LCTOP Low Carbon Transit Operations Program LEHD Longitudinal Employer— Household Dynamics LOS Level of Service LPP Local Partnership Program LRTS Long Range Transportation Study LTF Local Transportation Fund LTS Level of Traffic Stress MaaS Mobility as a Service Map 21 Moving Ahead for Progress in the 21sT Century Act March ARB March Air Reserve Base MD Metropolitan Division MPO Metropolitan Planning Organization MSA Metropolitan Statistical Area MSHCP Multi -Species Habitat Conservation Plan MUA Mixed -Use Area NAFTA North American Free Trade Agreement NAICS North American Industry Classification System NEPA National Environmental Policy Act NEV Neighborhood Electric Vehicles NHFN National Highway Freight Network NHPP National Highway Performance Program NHS National Highway System NHTSA National Highway Traffic Safety Administration December2019 Page I vii Riverside County Transportation Commission Riverside County Long Range Transportation Study NMTP Non -Motorized Transportation Plan NOx Nitrogen Oxide NSFHP Nationally Significant Freight and Highway Projects NSFLRP Nationally Significant Federal Lands and Tribal Projects O&M Operation and Maintenance OCTA Orange County Transportation Authority OES Occupational Employment Statistics P3 Public -Private Partnerships PBPP Performance Based Planning and Programming PeMS Performance Measurement System PM Particulate Matter Ppb Parts Per Billion PVL Perris Valley Line PVVTA Palo Verde Valley Transit Agency QCEW Quarterly Census of Employment and Wages Database RCIP Riverside County Integrated Plan RCTC Riverside County Transportation Commission RIITS Regional Integration of Intelligent Transportation Systems RivCOM Riverside County Model RivTAM Riverside County Traffic Analysis Model ROW Right of Way RTA Riverside Transit Agency RTP Recreational Trails Program RTP Regional Transportation Plans RTPA Regional Transportation Planning Agency SB Senate Bill SBCTA San Bernardino County Transportation Authority SCAG Southern California Association of Governments SCCP Solutions for Congested Corridors Program SCS Sustainable Communities Strategy SGC Strategic Growth Council SHOPP State Highway Operations and Protection Program SHSP Strategic Highway Safety Plan SOV Single Occupancy Vehicle Sq. Ft. Square Feet SR State Route SR2S Safe Routes to School SRTP Short Range Transit Plan STA State Transit Assistance STBG State Transportation Block Grant Program STIP State Transportation Improvement Program TA Transportation Alternatives TAP Transportation Alternatives Program TAZs Transportation Analysis Zones TCEP Trade Corridor Enhancement Program TDA Transportation Development Act TDM Transportation Demand Management TIFIA Transportation Infrastructure Finance and Innovation Act December2019 Page I viii Riverside County Transportation Commission Riverside County Long Range Transportation Study TIGER Transportation Investment Generating Economic Recovery (grant program) TMA Transportation Management Agency TNCs Transportation Network Companies TOD Transit -Oriented Development TSM Transportation System Management TUMF Transportation Uniform Mitigation Fee TZD Toward Zero Deaths UCR University of California, Riverside UP Union Pacific Railroad U.S. United States USDOT U.S. Department of Transportation V/C Volume to Capacity VMT Vehicle Miles Traveled YOE Year of Expenditure WLC World Logistics Center WRCOG Western Riverside Council of Governments December 2019 Page I ix YiRAF REF t R101-IT RIVERSIDE COUNTY TRANSPORTATION COMMISSION LONG RANGE TRANSPORTATION STUDY Executive Summary 1 Express Toll Lanes Riverside County Transportation Commission Riverside County Long Range Transportation Study Executive Summary Framing the Issues Riverside County is the 10th most populous county in the United States (U.S.) at 2.45 million, higher than 15 of the 50 U.S. states. The location of Riverside County and its major subareas are shown in Figure ES-1. Western Riverside County is embedded within the greater Los Angeles metropolitan area and for decades has served as a bedroom community to Orange and Los Angeles counties. Logistics and warehousing distribution centers have been located in the Inland Empire given the proximity to the seaports and availability of land. Western Riverside County has a long-standing goal to become more balanced with respect to jobs and housing. The Coachella Valley in the center of the County and the Palo Verde Valley in the east are more self-contained in terms of daily travel but are subject to spikes in seasonal and weekend travel. Riverside County's population is estimated to grow to 3.2 million by 2040 and planning for this growth will present many challenges and opportunities. This Study will address these overarching challenges along with limited transportation funding resources. The Riverside County Transportation Commission (RCTC) is the Regional Transportation Planning Agency (RTPA) for Riverside County. RCTC was created by the state legislature in 1976 and charged with coordinating transportation planning, funding and facilitation of all modes of transportation in Riverside County. The agency is governed by a 34-member Commission that includes a mayor or council member from each of Riverside County's cities, all five members of the Board of Supervisors, and a non- voting appointee of the Governor. Short and long-range transportation planning within Riverside County is a key responsibility of RCTC, including coordination and funding of public mass transit service, approval of capital development projects for public transit and highway projects, and the identification of staging and scheduling of project development and construction relative to programming documents such as the Federal Transportation Improvement Program (FTIP) and Regional Transportation Plan/Sustainable Communities Strategy (RTP/SCS). RCTC plans and implements transportation and transit improvements, particularly those that affect more than one jurisdiction. The agency also assists local governments with money for local streets and roads and develops plans and programs to improve commuting and goods movement. Policies adopted by RCTC also aim to ensure that all persons have equitable access to transportation. In 1988 the Measure A half -cent sales tax was approved by Riverside County voters, along with a 20- year expenditure plan. RCTC became the agency charged with implementing the mobility improvements. In 2002, voters approved an extension of Measure A until 2039. Measure A funds go back to each of the three geographic areas within Riverside County: Western Riverside County, Coachella Valley, and Palo Verde Valley, in proportion to the sales taxes they contribute. Each of the three geographic areas has its own transportation program. December 2019 Page I ES-2 RIVERSIDE COUNT! TRANSPORTATION COMMISSION AA � LRTS LONG RANGE TRANSPORTATION STUDY Figure ES-1- Regional Location RIVERSIDE COUNTY TRANSPORTATION COMM ISSI0N December 2019 Page I ES-3 Riverside County Transportation Commission Riverside County Long Range Transportation Study Beyond Measure A, RCTC also helps allocate state and federal transportation funds in Riverside County. The California Transportation Commission (CTC) administers the State Transportation Improvement Program (STIP). The STIP consists of Regional Improvement Program (RIP) and Interregional Improvement Program (IIP) funds for projects for improvements on the multimodal transportation system. As the regional transportation planning agency, RCTC selects projects proposed for RIP funds. Caltrans selects IIP-funded projects. RCTC and the California Department of Transportation (Caltrans) District 8 work closely in coordinating projects for these fund sources. The CTC approves the STIP during even -numbered years. LRTS Goals and Objectives Riverside County LRTS: Policy Goals and Objectives The LRTS is driven by RCTC's four (4) core goals and underlying objectives for the people of Riverside County and the transportation system upon which they rely. These goals and objectives (Table ES-1) were also included in RCTC's Fiscal Year 2019/20 adopted budget. The LRTS and Its Relationship to Other Agencies and Plans Planning, programming and delivery of transportation projects is achieved in conjunction and in partnership with dozens of other agencies at the federal, state, regional, subregional and local levels. Table ES-2 provides a summary of its key partner agencies and their responsibilities with which RCTC collaborates. Federal Agency Partners Key federal partners include U.S. Department of Transportation and its two principal surface transportation agencies, the Federal Highway Administration (FHWA) and Federal Transit Administration (FTA). Other federal agencies include the Federal Railroad Administration (FRA), and Amtrak, which operates interstate passenger rail services with support from Caltrans. State Agency Partners The California State Transportation Agency (CaISTA) is a cabinet -level agency focused on addressing all of the state's transportation issues. Of its nine major divisions, two have substantial intersection with RCTC's operations. Caltrans, as the steward and operator of the state highway system, is involved in the implementation of RCTC-led projects on state highways. The CTC programs various state and federal funding on transportation projects, including state highways, rail, transit, and active transportation. The California Air Resources Board (CARB) sets air quality standards and in coordination with the U.S. Environmental Protection Agency (EPA), determines conformity between transportation and air quality plans; CARB also funds projects and programs that result in emissions reductions. December 2019 Page I ES-4 RIVERSIDE COUNTY TRANSPORTATION COMMISSION Utg LONG RANGE TRANSPORTATION STUDY Table ES-1— Policy Goals and Objectives QUALITY OF LIFE RCTC is focused on improving life for the people of Riverside County and empowering them to live life at their pace. RCTC empowers the residents of Riverside County to choose how to get safely to Choice where they are going. Environmental Stewardship RCTC protects and preserves the County's environment for our residents. RCTC provides access, equity, and choice in transportation; RCTC is a mobility Mobility partner. RCTC projects are the connection to employment, schools, community nstitutions, Access parks, medical facilities and shopping in the community. RCTC facilitates the funding and delivery of projects that mitigate the impact Goods Movement of increased goods movement flow through Riverside County OPERATIONAL EXCELLENCE RCTC is a responsible and conservative steward of taxpayer dollars. State of Good Repair RCTC invests in road safety and maintenance in its residents' neighborhoods. Projects are completed on -time, on -budget; RCTC delivers on its promises as a Promises Fulfilled steward of Riverside County residents' investment. Program and project delivery innovations drive results, savings, and greater Innovation economic opportunities for Riverside County residents. Information RCTC operations are transparent; customers get fast, timely, quality service. CONNECTING THE ECONOMY RCTC is a driver of economic growth in Riverside County. RCTC improves the economy by creating a robust workforce to workplace system; Workforce Mobility RCTC helps move the economy of Riverside County. Since 1976, RCTC has been responsible for connecting our County's economy as the Population Growth County's population has quadrupled from 550,000 to 2.3 million today. RCTC has invested $4 billion in the County's economy thanks to Measure A and future toll revenues, which has a multiplier impact in terms of jobs and economic Economic Impact opportunity throughout Riverside County. RESPONSIBLE PARTNER RCTC partners with local, regional, and state governments to deliver road and transit projects. RCTC invests in local priorities for maintaining streets and roads and fixing Streets and Roads potholes. RCTC is partner with transit operators to provide residents mobility choices, Transit flexibility, intercity and intercounty connectivity, and access. RCTC is a partnerwath agencies within the County to promote active transportation Active Transportation alternatives, including the building of regional trails and bicycle and pedestrian Facilities facilities in accordance with local general master and active transportation plans. Grants RCTC is a steward of state and federal grants to improve our communities. RCTC invests Measure A dollars into projects and programs that benefit local Local Measure AValue communities throughout the County. December 2019 Page 1 ES-5 RIVERSIDE COUNT! TRANSPORTATION COMMISSION AA � LRTS LONG RANGE TRANSPORTATION STUDY Table ES-2 — RCTC and Its Partners Key Responsibilities Riverside County Transportation Commission Federal Agency Partners U.S. Department of Transportation Federal Highway Administration Federal Transit Administration AMTRAK Federal Railroad Administration State Agency Partners California State Transportation Agency California Department of Transportation California Transportation Commission California Air Resources Board Regional Agency Partners Southern California Association of Governments South Coast Air Quality Management District Southern California Regional Rail Authority/Metrolink County -Level Partners Imperial Valley Association of Governments Los Angeles Metropolitan Transportation Authority Orange County Transportation Authority San Bernardino County Transportation Authority San Diego Association of Governments Ventura County Transportation Commission Subregional Agency Partners Western Riverside Council of Governments Coachella Valley Association of Governments Tribal Governments Local Agency Partners County of Riverside and the 28Incorporated Cities Riverside County's Fixed -Route Transit Operators Legend: Primary Responsibility Secondary or Support Responsibility December 2019 Page I ES-6 Riverside County Transportation Commission Riverside County Long Range Transportation Study Regional Agency Partners As a County Transportation Commission, RCTC represents the Riverside County subregion and assists the Southern California Association of Governments (SCAG) in carrying out its functions as the Metropolitan Planning Organization (MPO). SCAG, in coordination with RCTC, performs studies and develops consensus relative to regional growth forecasts, regional transportation plans, and mobile source components of the air quality plans maintained by the South Coast Air Quality Management District (SCAQMD). RCTC also is responsible for submitting projects to SCAG for inclusion in the RTP. Per federal and state regulations, all projects programmed with federal and state funds, including locally funded regionally significant projects, are required to be included in the RTP. SCAG as the MPO is responsible for conducting analysis to enable CARB and the EPA to determine air quality conformity with adopted air plans for the six counties in the SCAG region (Imperial, Los Angeles, Orange, Riverside, San Bernardino, and Ventura counties). As mentioned previously, the SCRRA or Metrolink, is a joint powers authority consisting of five county transportation commissions [Los Angeles (LA Metro), Orange (Orange County Transportation Authority or OCTA), Riverside (RCTC), San Bernardino (San Bernardino County Transportation Authority or SBCTA), and Ventura (Ventura County Transportation Commission or VCTC)]. Metrolink is the premier commuter rail system in Southern California connecting communities on a 536 route -mile network. County -Level Partners RCTC works closely with peer county -level transportation agencies in Southern California, including: ✓ Imperial Valley Association of Governments (IVAG) ✓ Los Angeles Metropolitan Transportation Authority (LA Metro) ✓ Orange County Transportation Authority (OCTA) ✓ San Bernardino County Transportation Authority (SBCTA) ✓ San Diego Association of Governments (SANDAG) ✓ Ventura County Transportation Commission (VCTC) These above intercounty partnerships are especially important because of shared borders and transportation linkages between Riverside County and these counties. Since SANDAG is also a Metropolitan Planning Organization, the relationship with SANDAG may involve SCAG for larger MPO planning purposes. Subregional Agency Partners RCTC works with two primary subregional agencies. The Western Riverside County Council of Governments (WRCOG) promotes transportation solutions in the most populous western portion of the county. In the Coachella Valley, the Coachella Valley Association of Governments (CVAG) is the planning agency coordinating government services in the Coachella Valley. Both Subregional agencies promote solutions to the common issues of the local governments and tribes that are its members. Both agencies administer Transportation Uniform Mitigation Fee (TUMF) programs that complement and enhance Measure A projects and programs. CVAG, WRCOG, RCTC, and SCAG coordinate efforts to plan, fund, and implement transportation improvement projects. December 2019 Page I ES-7 Riverside County Transportation Commission Riverside County Long Range Transportation Study Tribal Governments RCTC consults with tribal governments in the development of projects and planning that have the potential to impact tribal lands. There are 11 tribal governments within Riverside County primarily located in Southwest, Central, Coachella Valley and Eastern portions of the county. Local Agency Partners Local agencies include the County of Riverside and 28 incorporated Cities. Each of these local jurisdictions controls their own local streets, which collectively represent most roadway miles in the county. Other key local partner agencies include Riverside County's seven (7) transit operators: ✓ City of Banning Transit ✓ City of Beaumont Transit ✓ City of Riverside Special Transportation Services (Paratransit only) ✓ Corona Cruiser ✓ Palo Verde Valley Transit Agency ✓ Riverside Transit Agency (RTA) ✓ SunLine Transit Agency Summary of Future Transportation Projects A major component of the LRTS is the identification and evaluation of highway, major roadway and transit projects. A total of 130 State highway and major roadway projects and 57 major local and regional transit projects were identified for inclusion in the LRTS due to their size and/or level of regional significance and are also included in Riverside County's submittal to SCAG for the 2020 RTP/SCS update. Potential express lane facilities were analyzed separately in RCTC's Next Generation Toll Feasibility Study (2019). The express lane facilities analyzed in the Next Generation Toll Feasibility Study have been documented in the LRTS, but they are not currently included in the LRTS major projects list or in the list of projects submitted to SCAG for the 2020 RTP/SCS update. Potential major transit corridors were also documented in the LRTS from a separate process, the Next Generation Rail Study (2019). Figure ES-2 through Figure ES-4 show the locations and types of projects included in the list. Projects included in the LRTS were analyzed using a project evaluation process. The purpose was to provide information on the characteristics and benefits of each project. No attempt was made to provide a prioritization of projects since RCTC and local agencies have other processes in place for prioritization. The resulting project lists include a total of $12.3 Billion in capital costs for state highway and major roadway projects and $3.98 Billion in capital costs for major transit projects. The details are included in Appendix A and B. The details and results of the project evaluation process are also included in Appendix A and B. December 2019 Page I ES-8 RIVERSIDE COUNT' TRANSPORTATION COMMISSION 9 ."TA. -6, of! LRTS LONG RANGE IRANSPOIZTATION 571JO1• Figure ES-2 - Project Locations — Western Riverside County ifs IF !Up.] Vallfry 1) is Rheesside -22—a Co rpm a f •LI Project Categories IM State Highway EN Loca H rghways 0 Interchange X Transit 'No. Mom irame farcfpcfs nal Ow .m Mmops Om b.uvi.r•Arn ammo rf.e.f.19.ff Cowry ttWaf. WM.= OW *No nee Wm. w slielogrs 1.1 21-Vi. 3042, 37. end so 6, RIVERSIDE COUNTY TRANSPORTATION COMMISSION 40 AA alley 4 �crar in Eta Carrycsi cr, 421 P•trFrye. 41 Meru} 36 ftiurferl Cfidery Van* y O'ft Western Riverside County 33 vi.neferkpr )L North HeMel Yat4 Vfs14 33 i saw Bogy • Whaewate, San Jac No 9 Said4 Mt San Joann.. Slate Park FIAC41,04, Center Son Betnattinna Noonsnal Fotrst keza 1 ~tan f ,7) December 2019 Page I ES-9 RIVERSIDE COUNTY TRANSPORTATION COMMISSION E oath A 9., LRTS LONG RANGE TRANSPORTATION STUDY Figure ES-3 - Project Locations — Coachella Valley Demi Hot saw North PaIT Sprv�gs Sky Valley To Downtown lA `35 Carth f7a 41, Vaffey Palm Dr figs �s�- 29 IB W ® Thousand g!) ®I � Ra •"ai M •29 Pe!m Do.11-21, 28 r-:". D Le gasPIA Sante Rasa end San Jamie k ou Males National Pmton Phows Coachella Valley 0Cb Indio tro c ' ; therms ettoorrood vaieve eyes ca 0 Dosser camp l Y.l Josnua Tree National Park Rerc a Qua Palmas ch-r�ara Sur rot Project Categories � Slel[3 Highway ® Local Highways n Interchange x Transit Nom. Masi Tranot moocer ue net &heron n 'rap dom.:, Ian, In onto Mid 111 nn .,. Cmary Tmom PH yrMata . nor thew, nm sr leas... 1-7. !e- 12-ss. 2r-2S.14- 2, as 01 RIVERSIDE COUNTY TRANSPORTATION COMMISSION JJ� North 1/RPATECHNotocre ti 2Nr. December 2019 Page I ES-10 RIVERSIDE COUNT! TRANSPORTATION COMMISSION g -6, 5f� LRTS LONG RANGETRANSPORTATION 87NDY Figure ES-4 - Project Locations — Palo Verde Valley 0 Eagle Mount a in Dom Center Project Categories fi State Highway e! Local Highways CI Interchange I x Transit Wain Most Tranvt prgnis ern not Vlmmrn un mass nsem rlurnvn cn g. TWO" wa«n nr an net Main an as Lve rs: 1-7. 10. 12-18-21-2E, ]0-]2, 37. 8.8 w Palo Verde Rroe Midland Cox 14-7 Mesa Verde • Pafa Verde tit glythela rE4p, 9 Ease Dlylho Rrpley 1 Poston plir RIVERSIDE COUNTY TRANSPORTATION cvMMlssloN NO►th I 141PA molimptoomx tmc December 2019 Page I ES-11 Riverside County Transportation Commission Riverside County Long Range Transportation Study For comparison purposes, it should be noted that the Riverside County Strategic Assessment, completed in 2016, identified $23.4 Billion in capital project costs for all projects, including many of the major LRTS projects and additional smaller projects. Any comparisons between cost estimates for the LRTS major projects and the Strategic Assessment should note that project lists and project cost estimates have changed somewhat between 2016 and 2019. SCAG is the regional agency responsible for planning and programming projects at a regional level in the Southern California area including Riverside County and the Counties of Ventura, Los Angeles, San Bernardino, Orange, and Imperial. Every four years, SCAG prepares RTP/SCS, which incorporates transportation projects considering federal, state, and/or regional funding. SCAG is currently in the process of preparing its 2020 RTP/SCS. Identification of Riverside County transportation projects for inclusion in the 2020 RTP/SCS was ongoing during the time of preparation of the LRTS. Appendix C provides a list of Riverside County transportation projects that were submitted to SCAG for inclusion in its 2020 RTP/SCS. This includes approximately 700 projects with an estimated capital cost of $20.57 Billion. Review of the 2020 RTP/SCS project list resulted in identification of $8.27 Billion in transportation improvements that were not included in the major projects described above. This $8.27 Billion in transportation improvement projects was included in the financial analysis described in the following chapter. Funding of Roadway and Transit Capital Investments As RCTC funding is limited, the LRTS aims to identify the most financially viable strategy for delivery of projects identified in the LRTS State Highway and Major Roadway projects list (Appendix A) and the Major Transit projects list (Appendix B). The LRTS uses detailed estimates of the amount and timing of funding sources and compares them to the amount and timing of funding uses to develop a Sources and Uses model. A complete list of available federal, state, regional, local and other funding programs is provided in Appendix D. Roadway Sources and Uses Summary and Potential Funding Strategies The full cost of a project is assumed to be expended in the year of Project completion (per the LRTS project lists), for projects under $100 million. Because the Roadway project list in this study only accounts for large projects, this analysis includes $7.7 billion in small project costs spread evenly over the analysis period. Figure ES-5 shows the total Roadway capital project funding, total Roadway capital project uses and the estimated total shortfall for the entire analysis period. December 2019 Page I ES-12 Riverside County Transportation Commission Riverside County Long Range Transportation Study Figure ES-5 — Total Roadway Capital Project Funding vs. Total Roadway Capital Projects Uses (Thousands) $10,598,586 $20,566,387 $(9,967,802) Total Roadway Capital Projec* Total Roadway Capital Project Total Roadway Capital Project Funding Uses Funding Surplus/(Shortfall) For the analysis period 2019 through 2045, there is total funding of $10.6 billion compared to total of uses $20.57 billion resulting in a cumulative funding shortfall of $9.97 billion. This shortfall is primarily driven by three (3) large projects from the Roadway Project list: the Community and Environmental Transportation Acceptability Process (CETAP) East-West Corridor, the Mid -County Parkway, and the SR- 79 widening. Transit Sources and Uses Summary and Potential Funding Strategies Figure ES-6 shows the total Transit capital project funding, total Transit capital project uses and the estimated total shortfall for the entire analysis period. For the analysis period 2019 through 2045, there is total funding of $847.04 million compared to total uses of $3.98 billion, resulting in a total cumulative funding shortfall of $3.14 billion. Large expenditures relating to major capital project completions in 2040 are the primary drivers of the shortfall. Summary of the LRTS Transportation Strategies Riverside County faces many transportation challenges further discussed in the LRTS. Chapter V provides a complete listing of issues and potential strategies that need to be considered and evaluated to address the long-term transportation demand based on projected growth in population and employment. A synopsis of key strategies included in the LRTS is provided below. All modes of travel will require strategies to ensure mobility, economic growth, and efficient use of funds. The detailed analysis and considerations underlying these strategies are found in the chapters that follow. December 2019 Page I ES-13 Riverside County Transportation Commission Riverside County Long Range Transportation Study Figure ES-6 — Total Transit Capital Project Funding vs. Total Transit Capital Project Uses (Thousands) $847,042 $3,983,599 r $0,136,557.40) Total Transit Capital Project Total Transit Capital Project Total Transit Capital Project Funding Uses Funding Surplus/Shortfall Regional Highway/Local Streets Network Connectivity, Maintenance, and Operations Strategies Transportation System Preservation Facing the level of maintenance and operation's needs, RCTC should place a high priority on investing in the maintenance and preservation of the multimodal transportation system by adopting "Fix -it -First" which prioritizes investments in the current infrastructure. Operational Efficiency The key strategies in operational efficiency of existing corridors are 1) Corridor System Management Plan (CSMP), 2) Integrated Corridor Management (ICM) and 3) Express Lanes. Partnering with Caltrans and local agencies will be critical in developing projects and programs to improve the operations of the state highway and roadway systems. RCTC will participate in Caltrans' Management Lanes Feasibility Study, which will provide a connectivity assessment of District 8 managed lanes in Western Riverside and San Bernardino counties and assess and prioritize future additions to the existing managed lanes system. Transportation Safety In 2015 Caltrans released an update to the Strategic Highway Safety Plan (SHSP), which includes the following goals: ✓ A 3% per year reduction for the number and rate of fatalities; and ✓ A 1.5% per year reduction for the number and rate of severe injuries. These goals should be considered as a safety performance measure by RCTC. December 2019 Page I ES-14 Riverside County Transportation Commission Riverside County Long Range Transportation Study Mobility Innovations The key strategies in support of mobility innovations to ensure a safe and efficient transportation system for Riverside County are as follows: ✓ Incorporate technology for data gathering and managing traffic. ✓ Supportive of connected and automated vehicle (CAV)-related infrastructure projects. ✓ Engage CAV stakeholders to stay engaged with the industry best practices. ✓ Assess possible changes in agency roles and new skill requirements. Rail, Transit and Paratransit System and Service Providers' Connectivity, Maintenance, and Operations Continue to enhance programs that support rideshare and transfers to transit through incentive programs and the provision of Park and Ride facilities. Continuing to expand these programs and introduce new incentive programs may help to reduce single occupancy vehicle travel. RCTC is currently undertaking a Park and Ride study, which may lead to a more comprehensive strategy for Park and Ride in Riverside County. This study should be reviewed, and the relevant strategies will be included in future updates of the LRTS. Improve passenger convenience by investing in real-time data tools and mobile integration Increased access to transit information through real-time information sharing can help increase predictability and convenience for transit riders. Easy access to accurate, real-time transit information has been shown to result in greater satisfaction with transit, increased perceptions of safety, and increased ridership frequency (Gooze, Watkins, and Borning, 2012). Exploring and integrating with existing tools, and the creation of new tools should be considered. Support increased service coverage in rural disadvantaged areas By increasing coverage, and targeting the most vulnerable areas, there is an opportunity to both increase ridership while supporting economic development among the most vulnerable populations. Implemented thoughtfully, providing public transportation alternatives in rural areas provides the opportunity for positive environmental impacts, improved economic opportunities for rural populations, and overall will provide a more equitable service offering that does not favor urban populations over rural. Establish First and Last Mile partnerships with alternative transit providers Transit agencies are increasingly partnering with Transit Network Companies (TNCs) to increase service offerings. Opportunities exist to partner with TNCs to provide discounted transportation for economically disadvantaged riders, or those within certain geographies, helping to address first -last mile challenges. Facilitate communication among Riverside County's transit agencies to share learning and simplify service and fare structures While each transit service provider in Riverside County faces a unique context, and set of challenges, December 2019 Page 1 ES-15 Riverside County Transportation Commission Riverside County Long Range Transportation Study RCTC can play a key role in helping to facilitate communication and information sharing between the agencies, to allow for knowledge sharing. RCTC can also help to facilitate discussions around simplifying service and fare structures through coordination between agencies that may ultimately lead to improved service and increased cost efficiencies. Transit -Oriented Development/High-Quality Transit Area Strategies TOD Policy Framework Working with the jurisdictions, SCAG and transit service providers, RCTC can help define place -types for different Transit Oriented Development (TOD) and transit supportive areas, in terms of development intensity, parking requirements, mobility and access design standards at or adjacent to Metrolink stations. In addition, the policy framework can help outline funding priority and conditions for projects that complement or support the building of TOD and transit -supportive projects. Develop a TOD Standards Toolkit In addition to developing a TOD policy, RCTC could update its TOD Policy to assist jurisdictions in getting access to relevant information on building TODs and transit -supportive communities. There are existing regional agencies and transit service providers (such as SCAG and LA Metro) that have TOD toolkits that can be utilized by local jurisdictions to facilitate transit -supportive development Active Transportation Strategies Identify local and countywide networks and prioritize network completion With both ATPs identifying regional and local networks, RCTC can work with WRCOG and CVAG on developing a strategy of ranking each network in terms of countywide importance, level of completion, and other accessibility and equity metrics to prioritize projects, ensuring networks are completed within a desired timeframe, provided funding is available. RCTC can work with jurisdictions to help incentivize projects that not only complete networks but also improve access to transit or facilitate better mobility within desired TOD and transit -supportive districts. Prioritize Safety & Security Traditionally, bicycle facilities have been classified based on physical characteristics of the facility (Class I, II, III, etc.), which often do not take into consideration the immediate context that influences the use of these facilities. Recent studies and efforts have begun to classify bicycle facilities based on the level of comfort or stress of facilities for its users. The metric rates facilities, irrespective of the facility type, on how many types of bicyclists would feel comfortable while riding it. A Bicycle Level of Service (BLOS), a Bicycle Compatibility Index (BCI), or a Level of Traffic Stress (LTS) type of index could be reviewed by RCTC to ensure regional and local bicycle facilities improve the level of safety along countywide networks. RCTC currently takes into consideration bicycle collision data in the evaluation of SB 821 bicycle and pedestrian projects to ensure key unsafe segments or intersections are prioritized. Pedestrian safety also is a key issue, particularly in order to increase transit ridership. RCTC can develop a strategy based on design and location -based criteria to ensure greater pedestrian safety. As done December 2019 Page I ES-16 Riverside County Transportation Commission Riverside County Long Range Transportation Study with the safe routes to school program, RCTC can work with jurisdictions to identify safe routes to transit, or other community facilities. Similar to the recommendation to prioritize improvements at locations of bicycle collisions, pedestrian improvements can be prioritized at high collision locations across the county. In addition, Americans with Disabilities Act (ADA) improvements can be prioritized along key corridors, particularly improving access to transit, and within TOD and transit -supportive districts. Goods Movement Strategies Continue Funding for Grade Separations and Quiet Zones As both freight rail and vehicle traffic congestion increase overtime, grade separation projects and quiet zones are increasingly important in addressing environmental and social health concerns. Continuing to fund these improvements is a key strategy in mitigating negative impacts from goods movement. Collaborate with local governments in disadvantaged communities to understand ways of reducing the impacts of goods movements The disadvantaged communities identified by SCAG are experiencing a disproportionate share of the negative impacts from the goods movement system. Fully understanding the experiences of these communities will be paramount in avoiding further growth in inequity. By working directly with communities, it may be possible to mitigate existing negative experiences while avoiding future environmental justice concerns. Continue to support priority grade separations and advocate for federal support While there has been great progress in reducing at grade crossings in Riverside County, ongoing effort is required to undertake all high priority projects to ensure safety and improve air quality. Continued coordination with railroads and advocacy for federal and State funding will be necessary to complete grade separations priority projects. Transportation System Management/Transportation Demand Management Strategies RCTC, with the support of member agencies can maximize opportunities to implement Transportation Systems Management (TSM) and Transportation Demand Management (TDM) projects and strategies in the following ways: ✓ Work with Caltrans and SCAG in promoting planning tools, methodologies, and priorities so that RCTC and member agencies can program TSM and TDM strategies wherever they provide cost- efficient and effective solutions to improve the transportation system. ✓ Ensuring that RCTC and member agencies have access to the latest information regarding TSM and TDM strategies and programs. ✓ Maximizing opportunities to access funding at the federal, state, and regional levels for TSM and TDM projects. December 2019 Page I ES-17 Chapter Introduction �1 METR01lNK 2013 RIVERSIDE COUNTY TRANSPORTATION COMMISSSON tRTS ' 16.2 LONG RANGE TRANSPORTATION $TUDY Riverside County Transportation Commission Riverside County Long Range Transportation Study Chapter I. Introduction Overview of Riverside County and RCTC Riverside County is the 10th most populous county in the United States (U.S.) at 2.45 million, higher than 15 of the 50 U.S. states. The location of Riverside County and its major subareas are shown in Figure 1. Western Riverside County is embedded within the greater Los Angeles metropolitan area and for decades has served as a bedroom community to Orange and Los Angeles counties. Logistics and warehousing distribution centers have been located in the Inland Empire given the proximity to the seaports and availability of land. Western Riverside County has a long-standing goal to become more balanced with respect to jobs and housing. The Coachella Valley in the center of the County and the Palo Verde Valley in the east are more self- contained in terms of daily travel but are subject to spikes in seasonal and weekend travel. Riverside County's population is estimated to grow to 3.2 million by 2040 and planning for this growth will present many challenges and opportunities. This Study will address these overarching challenges along with limited transportation funding resources. The Riverside County Transportation Commission (RCTC) is the Regional Transportation Planning Agency (RTPA) for Riverside County. RCTC was created by the state legislature in 1976 and charged with coordinating transportation planning, funding and facilitation of all modes of transportation in Riverside County. Major RCTC planning activities and functions are listed in Table 1. The agency is governed by a 34-member Commission that includes a mayor or council member from each of Riverside County's cities, all five members of the Board of Supervisors, and a non -voting appointee of the Governor. Short and long-range transportation planning within Riverside County is a key responsibility of RCTC, including coordination and funding of public mass transit service, approval of capital development projects for public transit and highway projects, and the identification of staging and scheduling of project development and construction relative to programming documents such as the Federal Transportation Improvement Program (FTIP) and Regional Transportation Plan (RTP). RCTC plans and implements transportation and transit improvements, particularly those that affect more than one jurisdiction. The agency also assists local governments with money for local streets and roads and develops plans and programs to improve commuting and goods movement. Policies adopted by RCTC also aim to ensure that all persons have equitable access to transportation. In 1988 the Measure A half -cent sales tax was approved by Riverside County voters, along with a 20- year expenditure plan. RCTC became the agency charged with implementing the mobility improvements. In 2002, voters approved an extension of Measure A until 2039. Measure A funds go back to each of the three geographic areas within Riverside County: Western Riverside County, Coachella Valley, and Palo Verde Valley, in proportion to the sales taxes they contribute. Each of the three geographic areas has its own transportation program. December 2019 Page 12 RIVERSIDE COUNT! TRANSPORTATION COMMISSION H AIN rb Mil Figure 1— Regional Location RIVERSIDE COUNTY TRANSPORTATION COMMISSION LRTS LONG RANGE1RONSPORf6TON STUDY December 2019 Page 13 RIVERSIDE COUNT! TRANSPORTATION COMMISSION e0,, 5� LRTS LONG RANGE TRANSPORTATION STUDY Table 1— RCTC Activities and Functions Major Roadway Corridors Enhance freeway and expressway capacity Maximize efficiency of freeway system, e.g., via Operation of Express Lanes Provide roadside assistance: Freeway Service Patrol and Roadside Call Boxes Roads Provide funding for local jurisdictions to improve local arterials and roads, including signal coordination Identify and support infrastructure safety programs, e.g., roadway/rail grade separation projects Transit Support Metrolink services and plan Metrolink expansion Support fixed -route bus service Support paratransit Transportation Demand Management/Non-Motorized Transportation Implement ridesharing and other demand management services Provide funding for local jurisdictions to implement and expand bicycle and pedestrian facilities and infrastructure 5ustainability Support economic development and improve jobs/housing balance Support facilities for pedestrians, bicyclist and other low -impact modes Support transit -oriented development Support alternative fuel and other airquality improvement programs December 2019 Page 14 Riverside County Transportation Commission Riverside County Long Range Transportation Study In addition to major highway projects, over $1 billion from Measure A funds has been used to improve local streets and roads throughout Riverside County. Table 2 shows that between 1990 and 2017 cities and unincorporated county areas received the following Measure A revenues for local streets and roads: Table 2 — Measure A Revenue for Local Streets and Roads 'Coachella Valley $249.8 Palo Verde Valley $25.2 Total Local Streets and Roads Revenues $1, 022.9 *Revenue in millions Source: RCTC, 2019 Beyond Measure A, RCTC also helps allocate state and federal transportation funds in Riverside County. The California Transportation Commission (CTC) administers the State Transportation Improvement Program (STIP). The STIP consists of Regional Improvement Program (RIP) and Interregional Improvement Program (IIP) funds for projects for improvements on the multimodal transportation system. As the regional transportation planning agency, RCTC selects projects proposed for RIP funds. Caltrans selects IIP-funded projects. RCTC and Caltrans District 8 work closely in coordinating projects for these fund sources. The CTC approves the STIP during even -numbered years. RCTC receives regional arterial funds from the Western Riverside Council of Governments' (WRCOG) Transportation Uniform Mitigation Fee (TUMF) Program. TUMF regional arterial funds are used for roadway improvement projects and the Community Environmental Transportation Acceptability Process projects. In Western Riverside County, RCTC augments TUMF funding through the Measure A Regional Arterial (MARA) program for projects to widen existing roads and construct new roads on the regional arterial transportation system. RCTC is a member of a five -county Southern California Regional Rail Authority (SCRRA) that operates Metrolink. Three Metrolink lines currently serve Riverside County providing connections to Los Angeles, Orange and San Bernardino Counties. RCTC also functions as the Riverside County Congestion Management Agency. In this capacity, RCTC analyzes the performance level of the regional transportation system in a manner which ensures consideration of the impacts from new development and promotes air quality through implementation of strategies in regional transportation and air quality plans. December 2019 Page 15 Riverside County Transportation Commission Riverside County Long Range Transportation Study Key RCTC Partners Planning, programming and delivery of transportation projects is achieved in conjunction and in partnership with dozens of other agencies at the federal, state, regional, subregional and local levels. Table 3 provides a summary of its key partner agencies and their responsibilities with which RCTC collaborates. Federal Agency Partners Key federal partners include U.S. Department of Transportation and its two principal surface transportation agencies, the Federal Highway Administration (FHWA) and Federal Transit Administration (FTA). Other federal agencies include the Federal Railroad Administration (FRA), and Amtrak, which operates interstate passenger rail services with support from Caltrans. State Agency Partners The California State Transportation Agency (CaISTA) is a cabinet -level agency focused on addressing all of the state's transportation issues. Of its nine major divisions two have substantial intersection with RCTC's operations. The California Department of Transportation (Caltrans) as the steward and operator of the state highway system, is involved in the implementation of RCTC-led projects on state highways. The California Transportation Commission (CTC) programs various state and federal funding on transportation projects, including state highways, rail, transit, and active transportation. The California Air Resources Board (CARB) sets air quality standards and in coordination with the U.S. Environmental Protection Agency (EPA) determines conformity between transportation and air quality plans; CARB also funds projects and programs that result in emissions reductions. Regional Agency Partners As a County Transportation Commission, RCTC represents the Riverside County subregion and assists the Southern California Association of Governments (SCAG) in carrying out its functions as the Metropolitan Planning Organization (MPO). SCAG, in coordination with RCTC, performs studies and develops consensus relative to regional growth forecasts, regional transportation plans, and mobile source components of the air quality plans maintained by the South Coast Air Quality Management District. RCTC also is responsible for submitting projects to SCAG for inclusion in the Regional Transportation Plan. Per federal and state regulations, all projects programmed with federal and state funds, including locally funded regionally significant projects, are required to be included in the RTP. SCAG as the MPO is responsible for conducting analysis to enable CARB and the EPA to determine air quality conformity with adopted air plans for the six counties in the SCAG region (Imperial, Los Angeles, Orange, Riverside, San Bernardino, and Ventura counties). As mentioned previously, the SCRRA or Metrolink, is a joint powers authority consisting of five county transportation commissions (Los Angeles (LA Metro), Orange (OCTA), Riverside (RCTC), San Bernardino (SBCTA), and Ventura (VCTC)). Metrolink is the premier commuter rail system in Southern California connecting communities on a 536 route -mile network. December 2019 Page 1 6 RIVERSIDE COUNT! TRANSPORTATION COMMISSION AA � LRTS LONG RANGE TRANSPORTATION STUDY Table 3 — RCTC and Its Partners Key Responsibilities Riverside County Transportation Commission Federal Agency Partners U.S. Department of Transportation Federal Highway Administration Federal Transit Administration AMTRAK Federal Railroad Administration State Agency Partners California State Transportation Agency California Department of Transportation California Transportation Commission California Air Resources Board Regional Agency Partners Southern California Association of Governments South Coast Air Quality Management District Southern California Regional Rail Authority/Metrolink County -Level Partners Imperial Valley Association of Governments Los Angeles Metropolitan Transportation Authority Orange County Transportation Authority San Bernardino County Transportation Authority San Diego Association of Governments Ventura County Transportation Commission Subregional Agency Partners Western Riverside Council of Governments Coachella Valley Association of Governments Tribal Governments Local Agency Partners u County of Riverside and the 28Incorporated Cities Riverside County's Fixed -Route Transit Operators Legend: Primary Responsibility Secondary or Support Responsibility December 2019 Page 17 Riverside County Transportation Commission Riverside County Long Range Transportation Study County -Level Partners RCTC works closely with peer county -level transportation agencies in Southern California, including: ✓ Imperial Valley Association of Governments (IVAG) ✓ Los Angeles Metropolitan Transportation Authority (LA Metro) ✓ Orange County Transportation Authority (OCTA) ✓ San Bernardino County Transportation Authority (SBCTA) ✓ San Diego Association of Governments (SANDAG) ✓ Ventura County Transportation Commission (VCTC) These above intercounty partnerships are especially important because of shared borders and transportation linkages between Riverside County and these counties. Since SANDAG is also a Metropolitan Planning Organization, the relationship with SANDAG may involve SCAG for larger MPO planning purposes. Subregional Agency Partners RCTC works with two primary subregional agencies. The Western Riverside County Council of Governments (WRCOG) promotes transportation solutions in the most populous western portion of the county. In the Coachella Valley, the Coachella Valley Association of Governments (CVAG) is the planning agency coordinating government services in the Coachella Valley. Both subregional agencies promote solutions to the common issues of the local governments and tribes that are its members. Both agencies administer Transportation Uniform Mitigation Fee (TUMF) programs that complement and enhance Measure A projects and programs. CVAG, WRCOG, RCTC, and SCAG coordinate efforts to plan, fund, and implement transportation improvement projects. Tribal Governments RCTC consults with tribal governments in the development of projects and planning that have the potential to impact tribal lands. There are 11 tribal governments within Riverside County primarily located in Southwest, Central, Coachella Valley and Eastern portions of the county. Local Agency Partners Local agencies include the County of Riverside and 28 incorporated Cities. Each of these local jurisdictions controls their own local streets, which collectively represent most roadway miles in the county. Other key local partner agencies include Riverside County's seven (7) transit operators: ✓ City of Banning Transit ✓ City of Beaumont Transit ✓ City of Riverside Special Transportation Services (Paratransit only) ✓ Corona Cruiser ✓ Palo Verde Valley Transit Agency ✓ Riverside Transit Agency (RTA) ✓ SunLine Transit Agency December 2019 Page 18 Riverside County Transportation Commission Riverside County Long Range Transportation Study Study Purpose The Long Range Transportation Study (LRTS) represents an important step toward strengthening transportation in the region in order to improve mobility, safety, and economic prosperity for Riverside Country residents. The LRTS dovetails with and bridges local plans and SCAG's Regional Transportation Plan/Sustainable Communities Strategy (RTP/SCS). It supports the County's economy and quality of life through smart planning, project development and implementation. The Study is multimodal in nature and encompasses all forms of transportation: highways, local roads, transit, rail, pedestrian and bicycle facilities. The LRTS aims to: ✓ Develop strategies to address transportation challenges. ✓ Provide a realistic vision of transportation in Riverside County in 2045. ✓ Develop a list of high priority feasible and fundable projects. ✓ Comprise RCTC's input to SCAG's RTP/SCS (Connect SoCal), scheduled to be released in 2020. SCAG's RTP/SCS, is a long-range regional plan covering the six counties within the SCAG region. The Riverside County LRTS focuses only on Riverside County and its Cities. SCAG's RTP/SCS is required to address transportation and related elements such as housing, aviation, air quality conformity, public health, environmental justice, and conservation lands. The LRTS focuses on transportation projects and funding. The Study development process was guided by RCTC staff and incorporates other RCTC led planning efforts including: Next Generation Toll Feasibility Study, Next Generation Rail Study, Regional Logistics Fee Study and review of Short Range Transit Plans. Because the LRTS was occurring in between the 2016 RTP/SCS and upcoming 2020 RTP/SCS information from both cycles were used. RCTC also recently initiated a corridor plan with SBCTA, SCAG, and Caltrans called the Inland Empire Comprehensive Multimodal Corridor Plan (IE CMCP), which is intended to meet Senate Bill (SB) 1 Solutions for Congested Corridors Program guidelines in addition to other discretionary funding opportunities. The IE CMCP will analyze and plan for multimodal project improvements along north -south and east -west corridors in Western Riverside and San Bernardino counties and will be more detailed as far as costs, project prioritization, and applied performance measures. Riverside County LRTS: Policy Goals and Objectives The LRTS is driven by RCTC's four (4) core goals and underlying objectives for the people of Riverside County and the transportation system upon which they rely. These goals and objectives (Table 4) were also included in RCTC's Fiscal Year 2019/20 adopted budget. December 2019 Page 19 RNERSEDE COUNT! TRANSPORTATION COMMISSION 41. LRTS LONG RANGE TRANSPORTATION STUDY Table 4 — Policy Goals and Objectives QUALITY OF LIFE RCTC is focused on improving at their pace. life for the people of Riverside County and empowering them to live life Choice RCTC empowers the residents of Riverside County to choose how to get safely to where they are going. Environmental Stewardship RCTC protects and preserves the County's environment for our residents. Mobility RCTC provi des access, equity, and choice in transportation; RCTC is a mobility partner. RCTC projects are the connection to employment, schools, community i nstitutions, Access parks, medical facilities and shopping in the community. Goods Movement RCTC facilitates the funding and delivery of projects that mitigate the impact of increased goods movement flow through Riverside County OPERATIONAL EXCELLENCE RCTC is a responsible and conservative steward of taxpayer dollars. State of Good Repair RCTC invests in road safety and maintenance in its residents' neighborhoods. Promises Fulfilled Projects are completed on -time, on -budget; RCTC delivers on its promises as a steward of Riverside County residents' investment. Innovation Program and project delivery innovations drive results, savings, and greater economic opportunities for Riverside County residents. Information CONNECTING THE ECONOMY RCTC is a driver of economic RCTC operations are transparent; customers get fast, timely, quality service. growth in Riverside County. Workforce Mobility RCTC improves the economy bycreating a robust workforce to workplace system; RCTC helps move the economy of Riverside County. Population Growth Since 1976, RCTC has been responsible for connecting our County's economy as the County's population has quadrupled from 550,000to 2.3 million today. RCTC has invested 54 billion in the County's economy thanks to Measure A and future toll revenues, which has a multiplier impact in terms of jobs and economic Econom ic Impact RESPONSIBLE PARTNER RCTC partners with local, opportunity throughout Riverside County. regional, and state governments to deliver road and transit projects Streets and Roads RCTC invests in local priorities for maintaining streets and roads and fixing potholes. Transit RCTC is a partnerwith transit operators to provide residents mobility choices, flexibility, intercity and intercounty connectivity, and access. Active Transportation Facilities RCTC is a partnerwith agencies within the County to promote active transportation alternatives, including the building of regional trails and bicycle and pedestrian facilities in accordance with local general master and active transportation plans. Grants RCTC is a steward of state and federal grants to improve our communities. Local Measure A Value RCTC invests Measure A dollars into projects and programs that benefit local communities throughout the County. December 2019 Page 110 Riverside County Transportation Commission Riverside County Long Range Transportation Study The Critical Need for Additional Funding An important subset of the LRTS projects are those projects that are substantially funded by Riverside County's transportation sales tax (Measure A). Since 2006, RCTC has maintained a 10-Year Delivery Plan for the Riverside County Measure A Highway program. This Delivery Plan establishes priorities for the implementation of the renewed Measure A sales tax program, which began collecting sales tax revenue in July 2009 for a 30-year period. RCTC recently updated its 10-Year Measure A Delivery Plan in Western Riverside County. As discussed in more detail in the next chapter, an initial analysis by an ad hoc committee identified substantial funding shortfalls, owing to rapid population and economic growth in Western Riverside County, and concurrent increase in congestion and other transportation challenges that require new investment. The Coachella Valley Association of Governments updates its Transportation Project Prioritization Study (TPPS) for Coachella Valley on a regular basis, which also identifies funding shortfalls. This points to a need to evaluate new funding resources in the near term to support future plans and projects to accommodate the growth in population and employment. An augmentation of the current Measure A program is one potential source of additional funding. Riverside County voters have twice demonstrated willingness to support a small increase in sales tax for needed transportation projects. As with past sales tax measures, RCTC and its partners will ensure new revenues generated will fund transportation modes and projects that address transportation need equitably in all parts of Riverside County. Financing mechanisms and continued support of transportation funding increases at the federal and state levels will also play a significant role in order to implement projects and programs to keep up with the pace of the fastest growing county in the SCAG region. What We Have Learned from Riverside County Residents RCTC believes that solving Riverside County's transportation challenges requires listening to the region's residents to ensure that together a better future is created. As RCTC plans for future transportation solutions and transit improvements they look to the residents of Riverside County for feedback and assistance to better understand how people use the region's transportation and transit networks and what their needs are moving forward. RCTC has recently completed two efforts where the agency looked to the public and stakeholders for input. The first was through the Riverside County Strategic Assessment completed in January 2016 and the second was through the recently completed #Reboot My Commute campaign. December 2019 Page 111 Riverside County Transportation Commission Riverside County Long Range Transportation Study Riverside County Strategic Assessment The Riverside County Strategic Assessment identified four categories of strategic actions for RCTC to take: Plan for the Future (including the development of the Long Range Transportation Study); Maximize Our Assets; Increase Funding; and Communicate More by developing a greater public awareness. Public engagement for this effort was completed in the late summer/early fall of 2015 through a random sample telephone poll and a series of five community summits. Summit attendees had a strong focus on environmental awareness, alternative transportation options, and governance/policy issues. Top priorities identified by both engagement activities included roadway maintenance, reducing highway congestion, and improving freeway patrol services. Key needs and desires identified include: ✓ Improved accessibility to public transit including extended hours of service, more routes and improved frequency, better/easier connections, and improved access to schedules and availability information. ✓ Safer sidewalks, Americans with Disabilities Act (ADA) accessible curb ramps, and first and last mile access including access for Seniors. ✓ Link land use and transportation policies. ✓ Respect the needs of users in improving quality of life. ✓ Ensure better connectivity between rural and urban area. ✓ Maximize capacity through the use of existing infrastructure and information technology. A summarization of results from both engagement activities are documented in the Riverside County Strategic Assessment, which is available on RCTC's website. #Reboot My Commute With the #Reboot My Commute campaign, RCTC acknowledged that the status quo of potholes, congestion, late trains, and delayed transportation improvements must change. RCTC asked stakeholders to join the conversation to say how and where to spend the County's limited transportation dollars to make the biggest impact so that together the future will be better for Riverside County transportation network users. Stakeholders could share their road, bus, train and active transportation experiences, pictures, and videos via text, social media, phone or webpage. Comments were accepted for a 90-day period between March and June of 2019. The campaign provided RCTC with 948 comments which were sorted into seven topics and seven geographical areas. The July 2019 RCTC Commission Agenda (Item 9B #Reboot My Commute Public Engagement Program Summary) provides a more detailed summarization of the comments that RCTC received for #Reboot My Commute engagement activities. December 2019 Page 112 Riverside County Transportation Commission Riverside County Long Range Transportation Study Addressing What We Have Learned with the Long Range Transportation Study As noted above, the LRTS provides a realistic vision for the future of transportation in Riverside County with a multimodal system including highways, roads, public transit, freight, commuter rail lines, truck routes, pedestrian and bicycle facilities. Stakeholder needs and their related input will further the LRTS and assist RCTC and their partner agencies to successfully support the County's economy and quality of life with transportation projects that will improve mobility and safety. Table 5 below provides a snapshot of how select comments received from the above engagement efforts will be addressed by the LRTS. Table 5 — How the LRTS Addresses Key Public Engagement Comments BUILDING A BETTER RIVERSIDE TOGETHER Identifying how the LRTS will address what RCTC What We Heard has learned through public engagement How the LRTS Addresses the Concern Riverside County Strategic Assessment Reduce highway congestion Provides strategies for relieving congestion that are multimodal Repair highways and roadways —fix potholes, resurface Positions RCTC to help Caltrans and local agencies obtain state and regional roadway maintenance funding Expand public transit services — rail and bus, extended hours of service, more routes, improve frequency Positions RCTC to coordinate with transit operators to obtain state and federal funding to expand transit Improved safety Provides strategies for roadway safety improvements Respect the needs of the users Identifies improvements that are multimodal providing choices for all users #Reboot My Commute Reduce the need to commute —bring higher paying jobs to Riverside County Supports roadway improvements needed to encourage economic development Offer more incentives to alter commute patterns Positions RCTC and partner agencies to obtain funding for transit incentives, rideshare, and first/last mile options Stop new home construction Provides information on the future of the transportation system so that the County and cities with land use authority can make intelligent decisions regarding future growth Provide more rail and bus options, expand services to neighboring County's Provides strategies to improve rail and bus transportation Limit travel times for big rig vehicles Highlights sources of information on truck travel that will allow goods movement industry to consider new operational strategies December 2019 Page 113 Riverside County Transportation Commission Riverside County Long Range Transportation Study Chapter Preview Chapter II, Delivering the Promise, takes a detailed look at the state of Riverside County and its transportation needs in the next ten years. Chapter III, Riverside County Profile, examines forecasts of future land use and population characteristics and assesses the connection between transportation infrastructure and economic development in Riverside County. Chapter IV, Riverside County Today - Existing (2016) Conditions, details transportations conditions and the factors underlying them. The discussion includes the following topics: ✓ Existing Land Use and Population Characteristics ✓ Travel Market and Mobility Trends ✓ Freeways, Highways, and Major Arterial Roadways ✓ Transit System ✓ Active Transportation ✓ Freight and Goods Movement ✓ Aviation ✓ Mobility Innovations Chapter V, Riverside County in The Future — Multimodal Transportation System, looks at transportation forecasts 20 - 25 years into the future. The chapter reviews the expected growth in travel demand on Riverside County's highways, major arterial roadways and major transit facilities, and examines important transportation issues and strategies affecting policy and investment decisions. Chapter VI, Major Projects and Evaluation Assumptions and Methods, identifies the highway, major roadways and transit projects that respond to the travel demands identified in Chapter V and address the strategies and issues identified in Chapter V. The centerpiece of Chapter VI is a detailed list of projects, their locations, and key characteristics in including their cost. This chapter also describes key assumptions and methodology underlying the financial analysis. Chapter VII, Funding of Roadway and Transit Capital Investment describes the funding and financing of transportation investments identified in Chapter VI. Chapter VIII, Financial Sources Analysis, highlights the amount of funding from current major revenue sources including Measure A sales tax. Since existing funding sources are insufficient, other potential revenue and funding sources are identified to reduce the projected shortfall. Chapter IX, Riverside County Congestion Management Program, describes how RCTC addresses federal Congestion Management Process requirements. Chapter X, Study Update Process, describes the next step in the LRTS Planning process. It also outlines how the LRTS will be updated going forward. December 2019 Page 114 Chapter II Delivering the Promise Riverside County Transportation Commission Riverside County Long Range Transportation Study Chapter II. Delivering the Promise Riverside County's transportation sales tax initiative, Measure A, was approved by the voters in 2002. Since approval of this sales tax measure, Riverside County residents have enjoyed the benefits of a large number of transportation projects that have been planned, funded, and built throughout the County. This chapter highlights the ongoing need to provide for highway and other transportation improvements over the coming years. Measure A Western Riverside County 10-Year Delivery Plan Since 2006, RCTC has maintained a Ten -Year Delivery Plan for highways in Western Riverside County. This Delivery Plan establishes priorities for the implementation of the renewed Measure A sales tax program, which began collecting sales tax revenue in July 2009 for a 30-year period. The Delivery Plan was recently updated to reflect changes in anticipated sales tax revenue, as well as changes in revenue from other sources, project costs, and the priorities of Riverside County and its Cities. Figure 2 shows a map and description of the proposed highway projects included in the 2019-2029 10- Year Delivery Plan that was approved by RCTC on July 10, 2019. Figure 3 provides a summary of the evaluation of these projects. Prioritization factors included: 1. Consequence of deferring delivery. 2. Deferred projects from the 2009-2019 Western Riverside County Highway Delivery Plan. 3. Projects that fulfill or enhance projects named in the Measure A Expenditure Plan approved by Riverside County voters. 4. Projects that can realistically attain sufficient funding to achieve completion of a usable segment. 5. Projects with the potential to minimize Measure A contributions, through competitiveness for state or federal grants. 6. Eligibility for "restrictive" funding sources. 7. Projects that provide a positive economic impact to the region. This evaluation process revealed that differentiating projects on objective criteria can be especially challenging given the universal need for additional transportation capacity throughout Western Riverside County. Indeed, every major transportation corridor in the region can benefit from additional investment. Full funding for all Measure A Western Riverside County 10-year Delivery Plan projects will require additional funding in the amount of approximately $5.5 billion. Project funding needs in the Coachella Valley are determined by CVAG under a separate process. Based on the funding shortfall from the Delivery Plan and projects included in the LRTS for the entire county, a potential augmentation of the Measure A sales tax should be further evaluated. December 2019 Page 116 RIVERSIDE COUNTY TRANSPORTATION COMMISSION Ef4tti LONG RANGE TRANSPORTATION STUDY Figure 2 — 2019 - 2009 Western Riverside County Highway Delivery Plan 2019-2029 Western Riverside County Highway Delivery Plan SAN BERN AFIDIN0 CO. IVEASIDE CO. J4n.ipa Egr- V3� EL1 RI V E RSIOE CD- SAN DIEGO CO. 5 fO Miles Mom) Valley �'urr eta \C Mesa to Ai laming Beaumont Hemet yak taw Menefee Tell e:L• S 1 C+P C.rnyetRa. '3 EL P Cc.nprecnn IEN1yl¢1 Eapen lane. Cmmerla O601ruc4 Lan. © Mkl•Coo yge4nay: it 215 91 Pach.py UP Projwi. ILd4ppy lWa!Igm..nt !Ad Ce.nry Parkway: S.aenery Craer rq u15EmK.. L.h.•Pro].e5oush.in En.nsien 0 91 Goa/rWMW RaMW14. EnP•...law m71095 lntrtl...ga m 41 Curr4c,0cmakof Nn;.c1 ®:5 E.P•... Lanes PmJ.e! So.N..r. Ea1.nOn.. - .ananced [bec.lina PF1[IAl FUNDING AVAILA&E ,'pht PlWry *nd -.'— rEn Me Cowry Parlarki Pi Atege2 75 Exptiea L.ne. RoJ.ee S.A.,. Eaean.o. 61215 R;rmrde-Moreou V.ney f�im. L.iu. 7'5 G.. .oec< 1: 1• , •.w.I. P1513mpcc Nuwvlo Alnla.dro ..=1a E.p.en lime* Y+Gnpn Inr.r ,1,4/1 aT 'R'v Cw my Pa•i.: , [*ge. S aMlae.aelee 79 Rlalpmm.m, 15 Cae;yer(AR-TUC r ll •a T215] ® 11 Cerridu LAN... Prcpcc 71 m 241 m 91 Cerrklor LVtime{e P!elety 15 to R'e.c. SWIM 1,3 Truck Climbing Ls. IS Condor T1-215 ra Caumy Lir .] 711VId A:Ni w61)imerch•No 215 UkInvm VI, r m '• . VA EM.Wac Corridor rr .eeta: Franeh Vai wy Parkway Ph.. 3 Dorkr C.�yBeAd De*q+-Bind C.nlarucrRM Ccnwveekr, Carnrucu.n Cv eLNetinn Em.4anm.mw1/ Dedg+-0ule Pry*e' E.Wronm.mal Co.vu Cc.wuceu E.lromm.mal m Co..Wuck. Phax ROWIEn•ArPnm.mt.l DeegJCn+awedrn Der* Efiald 91wa 2 Cdwuetlon EnYrammemlaV Pleym! Csn.PuMroh E.!eronmenol w Cm1Wwriam L7e60^IC �wuc� DerWyr/Ce+wuewr+ EAriTcoo,s w m ComvuecLan Enriicnm.ntal m Crawructwm Em nlalw ror-n c pe1:g•.ep['og/I e11Y*y eo Crernatera PIMUM Study to RC'L erwironmemal Emrimmm.nnl RCTC Peajael Sp,* RCTC E.l..onm.mal m RCTC C.mabuct4rn F vAna mei dy to RCTC Enriicmm.nnl m RC1C CamwunR ^ Em�mn•n.nrl m RCTC GuMucWm Em6inemnm1 m gCTC Cem.lruel:a. Emnraunennl I RCM RCM RCM RCTC RCTC Kir RC7C ROTC Rerc RCTC Spom. RCM RCTC RCTC RCTC RCTC RCTC RCTC !aW DPW. County rameeW.• EroArcrvrnontal P COarrtru[MWa Emlwirnemd m OWN1 err Enr;rounpntalm Construccion MCI* County T.moc.. e I' Juno 24. 2019 II RIVERSIDE COUNT TRANSPORTATION COMMISSION North December 2019 Page 117 RIVERSIDE COUNTY TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Figure 3 — 2019 - 2029 Western Riverside County Highway Delivery Plan — Evaluation Process 10-Year Western Riverside County Highway Delivery Plan 2019-2029 RCTC-Sponsored Group 1 and Group 2 Projects Projects Phase Sponsor Cost Available Funding Consequence of deferring delivery Deferred projects from the 2009-2019 Western County Highway Delivery Wan PRIORITIZATION FACTORS Projects that fulfill or enhance projects named in the approved Measure A expenditure plan Projects that can realistically attain su ffid a nt funding to achieve completion of a usable segment Projects with the potential to minimize Measure A contributions Eligibility for "restrictive" fun ding sources Economic benefit to the region due to the constructed traffic improvement Group 1 Fully Funded: Part of The 2319-2029 Delivery Plan COMPLETE 91 I IP C warden/in QOrLD START Group 2 Group 3 1', EL Completion 15491 Express Lanes Connector Sli-60 Truck Lanes Mid -County Parkway: Placentia Interchange at 1-215 91 Pachappa UP Project: Railroad reali@vnenl Design -Build DesigeBsild Dee jet- guild Construction Construction Construction RUC $ RCTC RCTC ROTC ROTC RCTC lirmaims ST 36 22 220 123 60 SB Mid County Parkway, Sweeney Lading •71/91 Interchange Construction Construction RCTC ROTC 5 128 • 9R-91 Corridor Operations Project (W estbotnd auxin is y I ane: Gr een River to 241) Construction RCTC W •1-15 Express Lanes Project 5o lit hern Extension (Caj at co to 79); Advanced Operations I-15 Expr ess Lanes Project SoudrernI xtenyeun (Cajalco to 79) • I-15 Express Lanes Project Southern E xi en sion (C ajal co to 79) Environmental through Construction Environmental Design -Braid phase 1 RCTC ROTC RCTC 26 33 24 • 91 Downtown Riverside Exix ess lanes Environmental ROTC 22 Group Total $ 757 $ • project (or project phase) fully -funded based on tho June FFI Committee Innovative Financing Opportunities staff report recommendations and potential July 2019 Board approval Note: The lune Fr! Committee Innovative Fl nand ng Opportunities staff report estimated between $228M and $467M of proceeds available, use of $291M of proceeds are assumed above Partial Funding Likely Available: Pori of the 2019.2029 Delivery Plan Mid LDhanty Pal kwdy Ri Oil of Way and knvir orone n1 al Mi heal ion Mid -County Parkway: Package 2 Mid Comb/ Parkway I. ?Is Project, Nuevo to Alessandro 1-15 [septa ss I ane. Project Southern Fxtension (Cajalcn to 74) 6015 fervenirJe-IVrur eau volley f.KiNess !onus SO/215 River side•Mormio Valley r. xpl ess Lanes 60/215Riverside-Moreno Valley r.xpl ess I Ones 1-215 Gap Project { I-215 to E r e nc1 i Va Iley Parr kwrayl 91 Downtown Riverside Express Lanes Partner Agency Projects Assist with Funding in 2019-2029 ROW/Erma o nil ere al Design/Construction ROC RCTC 4o 84 Desi grr/Construction RCTC 145 DER fal-Bri Id phase 2 construction ROTC 470 Environmental RCTC 38 Group 4 Lake E l sinor e: b TVita rod d Canyron interchange {filly f, in di i dl RCTIMA: Cajalco Road Corridor Temecula: French Valley Parkway Phase 7 Not Part of 2019-2029 Delivery Plant RCTC Projects Design/Const ruction Environmental to Construction Desi gn/Consl ruction Construction RCTC RCTC ROTC Group Total $ Lake Elsinore $ Environmental [0 COn5trUCti On County Group 5 Mid Comly Parkway: Packages 3 and thereafter 79 Realignment 1-15 Carridar (SR-79 to 215/15 interchange) SR-9I Corridor Vhimete Proiect SR-91 Corridor Ultimate Proj .2035 (EB & WB general purpose lanes: 71 to 241) SR-91 Corridor Ultimate ProJ.: 2035 (EB & 1qB general purpose lanes: 1-15 to Pierce) 1•10 Truck Climbing Lane 1.15 Coll iCIO r (215/15 interchange_ to San Diego County line) SR-71 Widening Environmental to Construction Environmental to Construction Design/ROW to Construction Project Study to Enuiranmental Temecula Group Total $ Environmental Environmental Environmental to Construction Project Study to Eviironmental Environmental to Construction 10160 interchange Environmental to Corstmcti on 215 Ultimate vid ening(SO to San Bernardino County line) Environni en tal to Constmcti on 6n Ihugrd Vall ey Rivrrsisle Express I. Hiles Environmental Managed Freeway Projects Pilot Project Not Port of 2019-2029Delivery Plan: PartnerAgency Prof eyes SBCTA: 15 Express Lanes RCTLMA; Ethanac Corridor Temecula: French Valley Parkway Phase 3 Environmental to Construction Environmental to Construction Environmental to Construction RCTC RCTC RCTC $ RCTC ROTC RCTC RCTC ROT RCIC RCTC RE RC[( Group Total $ 5BCTA nunry f em eta rrni Teske N/A N/A NIA rdie 342 18 197 1,335 36 452 120 60B 809 1,300 35 50 25 75 35 Igo 500 1,000 Sl 50 4,022 $ G Tin millions 53 757 $125-$525 $36.5100 x nJa (project cl oseaut) x x nJa (project closeout) MEDIUM MEDIUM x x MEDIUM x ilia (railroad constr.) x 11,10 [no lane cans[.) MEDIUM x 111Gii x x MEDIUM x nfa (no lane carat.) x nfa (no lane const-) x nfa (no lane corral-J x x x x nja [ran lane carxl-) x x x x HIGH r x x HIGH x x X x MEDIUM x nfa (no lane coast.) 111Gi I x Ojai HIGH x x MEDIUM HIGH MEDIUM x HIGH MEDIUM nfa (no lane cons[.) nfa (no lane cons I.) nJa (no lane caret.) n/a nfa (no lane cons t.) MEDIUM MEDIUM MEDIUM nfa (no lane cons[.) n1a (benefit unknown) nJa (cost unknown) nJa (Cost unknown) nJa (cost unknown) December 2019 Page 118 Chapter III t Riverside County Profile RNERSIDE COUNTY TRANSPORTATION COMMISSION - Ji --1 Riverside County Transportation Commission Riverside County Long Range Transportation Study Chapter III. Riverside County Profile Future Land Use and Population Characteristics This section builds mainly on data used to develop SCAG's 2016 RTP/SCS, since there are no other comparably detailed and disaggregated data for the base year (2016) and a horizon year (2040) that is close to the horizon year of the LRTS (2045). Moreover, the transportation modeling for the LRTS is based on SCAG's modeling databases, including land use and economic databases. Data presented includes: ✓ Households and Population data ✓ Employment and Major Industries data ✓ Household and Worker Income data Past growth trends, visitor, seasonal and part-time population, employment and disadvantaged communities are also discussed in this section. Table 6 shows future forecasts of population and employment for Riverside County and other counties in the region and the region as a whole. Riverside County has been and will continue to be the fastest growing county in the region in terms of population. By 2040 Riverside County will have doubled in population compared to 2000 and will have nearly 3.2 million residents. Residential growth has outpaced employment growth. Employment growth is increasing — nearly one in four net new jobs in the SCAG region will be in Riverside County, and the ratio of population to employment is projected to fall from a high of 3.7 in 2010 to 2.7 in 2040. Nonetheless, Riverside County will continue to have a higher ratio of population to jobs compared to the SCAG region as a whole: The region's population to employment ratio was 2.5 in 2010 and is projected to be 2.3 in 2040. This is because residential growth in Riverside County is also expected to be significant: Over one in four new residents added to the SCAG region between 2015 and 2040 will reside in Riverside County. Table 7 shows detailed population and employment data for Riverside County and its three principal geographic subareas for 2040. Comparing Table 6 with Table 7 indicates both areas of continuity and change between 2016 and 2040: ✓ The distribution of households by size is not expected to change. In 2040 as in 2015, 50% of households in Riverside County will be one and two -person households and 35% of households have four or more persons. ✓ The share of persons over 65 will increase, and the share of younger age cohorts will decrease. ✓ Households without a worker will continue to represent 31% of the total; the share of two and three or more worker households will increase slightly. ✓ While both population and K-12 students will increase, the K-12 student share of population will decline. ✓ Median household incomes are projected to decline slightly, controlling for inflation. ✓ The share of single-family dwellings is expected to increase slightly. ✓ The share of low -paying jobs (<$35,000) is expected to increase slightly from 56% to 58%. December 2019 Page 120 Riverside County Transportation Commission Riverside County Long Range Transportation Study ✓ The share of jobs in construction, the professions, and education will increase; shares of jobs in other industries will be stable or declining. able 6 - SCAG Regional Population and Employment by County, 2040 2015 Number % 2040 Number % Difference (2015-2040) Number %, 0 = Q. o a Imperial 182,390 1.0% 282,024 1.3% 99,634 0.3% Los Angeles 10,158,776 54.1% 11,513,435 52.0% 1,354,659 -2.0% Orange 3,157,074 16.8% 3,464,487 15.7% 307,413 -1.2% Riverside 2,316,438 12.3% 3,167,584 14.3% 851,146 2.0% San Bernardino 2,111,258 11.2% 2,731,321 12.3% 620,063 L1% Ventura 853,188 4.5% 965,210 4.4% 112,022 -0.2% SCAG Region 18,799,123 100.0% 22,124,061 100.0% 3,344,938 HIOC* 58.19 55.00 -3.2 c °1 E o E �' Imperial 76,000 0.9% 124,609 1.3% 48,609 0.4% Los Angeles 4,463,010 55.7% 5,225,707 52.9% 762,697 -2.4% Orange 1,633,000 20.4% 1,898,685 19.2% 265,685 -1.1% Riverside 742, 000 9.3% 1,174,500 11.9% 432,500 2 5°r'o San Bernardino 729,030 9.1% 1,028,132 10.4% 299,132 L3% Ventura 363,000 4.5% 419,808 4.3% 56,808 -0.2% SCAG Region 8,006,030 100.0% 9,871,441 100.0% 1,865,411 HIOC* 63.43 59.53 -3.9 1 O D * * 0.052 0.045 -0.007 ° ns ns ce W O. Imperial 2.4 2.3 -0.1 Los Angeles 2.3 2.2 -0.1 Orange 1.9 1.8 -0.1 Riverside 3.1 2.7 -0.4 San Bernardino 2.9 2.7 -0.2 Ventura 2.4 2.3 -0.1 SCAG Region 2.3 2.2 -0.1 Note: *HIOC (Hoover Index of Concentration) measures the distribution of population and employment. If HIOC equals 0, then population and employment are perfectly de -concentrated. If HIOC equals 100, then the county's share in comparison with the entire SCAG region's population or employment would be concentrated to a single county of the SCAG region. However, if the HIOC drops to 0, then each county's share would be equal. **IOD (Index of Divergence) measures the intra- regional segregation of population. Source: CA DOF, CAEDD, SCAG December 2019 RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Table 7 - Riverside County Population and Employment, 2040 Total Population (Percent of County Western Totals 2,455,997 Riverside % 77% Coachella Totals 680,156 Valley % Palo Verde Totals Valley % Overall Totals County % 21% 47,225 1% 3,183,378 Residential Population 2,425,776 676,758 39,172 3,141,706 Persons Age 5-17 (School Age) 458,369 19% 120,170 1896 8,933 19% 587,472 18% Persons Age 18-24 (College Age) 223,647 9% 5,9,431 9% 4,594 1096 286,672 9% Persons Age 16-64 (Worki ng Age) 1,479,710 60% 389,696 57% 28,798 61% 1,898,204 60% Persons 65 and over (Retirement Age) 443,890 18% 148,513 22% 8,924 19% 601,327 19% Zero -Worker Households 229,618 29% 90,226 35% 4,574 35% 324,418 31% One -Worker Households 273,291 35% 90,556 35% 4,036 31% 367,883 35% Two-Worke r Hou se h ol ds 201,054 26% 57,065 2296 3,031 23% 261,150 25% Three+Worker Households 82,214 1096 17,627 7% 1,265 1096 Ein,lo6 lo% K-12Students 490,872 2096 99,960 15% 4,723 10% 595,555 19% College Students 13,9,821 6% 18,044 396 5,899 12% 162,764 5% Median Household Income $55,001 $52,279 $51,791 $54,268 Low Income (435k) HHs 255,861 3396 91,601 36% 4,377 34% 351,839 33% Median: $20,491 $19,676 $21,162 $20,305 Med. Income [$35-75k] HHs 252,148 32% 81,737 32% 4,451 34% 338,336 32% Median: $51,919 $49,903 $54,375 $51,477 High Income [$75-150k] HHs 208,274 26% 60,335 24% 2,925 23% 271,534 26% Median: $98,744 $97,653 $100,263 $98,509 Very High Inc. (a$150k) HHs 69,894 996 21,801 9% 1,153 9% 92,848 9% Median: $190,285 $214,185 $206,849 $196,482 Single Family Dwelling Units 546,180 69% 177,969 7096 8,740 68% 732,889 69% Multi -Family Dwelling Units 239,997 31% 77,505 3096 4,166 3296 321,668 31% Total Jobs 866,316 280,537 27,647 1,174,500 Low -wage Jobs (435k) 593,874 69% 194,084 69% 18,790 68% 806,748 69% Med.-wage Jobs (435-75k) 160038 18% 52,095 19% 5,058 1896 217,191 18% High -wage Jobs [ a$75k] 112,404 13% 34, 358 12% 3,799 14% 150, 561 13% Agricultural & Mininglobs 8,303 1% 6,157 296 274 1% 14,734 1% Construction Jobs 95,836 11% 32,997 12% 3,364 12% 132,197 11% Manufacturing Jobs 38,140 4% 7,849 396 775 3% 46,764 4% Wholesale Jobs 24,229 3% 6,355 2% 589 2% 31,173 3% Retail Jobs 102,046 12% 29,770 11% 2,881 1096 134,697 11% Transport Warehouse, Utilities 35,598 4% 10,611 4% 943 3% 47,152 4% Information Jobs 13,596 2% 5,292 2% 437 2% 19,325 2% FIRE Jobs 28,532 3% 9,840 4% 944 3% 39,316 3% Professional Jobs 101,228 12% 34,655 12% 3,257 12% 139,140 12% Education Jobs 238,806 28% 74,945 27% 7,711 28% 321,462 27% Arts & Entertain mentJobs 104,441 12% 39,192 14% 3,492 13% 147,125 13% Other Service Jobs 44,994 5% 14,828 5% 1,515 5% 61,337 5% Public Administration Jobs 30,567 4% 8,046 3% 1,465 5% 40,078 396 Workers Paying for Parking 9,716 1% 0 0 14,567 1% Source: SCAG 2016 RTP/SCS December 2019 Page 122 Riverside County Transportation Commission Riverside County Long Range Transportation Study Economic Development This section assesses the connection between transportation infrastructure and economic development in Riverside County. It first provides a summary of the pertinent economic development issues and strategies. Next, it describes the important connection between transportation infrastructure and development/growth. It then provides an overview of the County's economy and the geography of jobs, followed by a description of commute patterns associated with the current set of jobs and workers. SCAG RTP forecasts of Riverside County through 2040 are also described. Finally, this section highlights some of the key opportunities and challenges for Riverside County as it looks to spur new economic development in a broad set of industries, improve the job -housing balance, enhance quality of life, reduce congestion and commute times, and increase the use of transit, pedestrian, and bicycle travel.' Land Use, Transportation, and Economic Development There is a dynamic connection between economic conditions, land use/development, and transportation infrastructure. Past transportation investments have played a fundamental role in the evolution of Riverside County and the locations of its jobs, households, and development. These transportation infrastructure investments have connected different areas of Riverside County, while also providing connections to the broader Southern California region and beyond. Past and current phases of growth, including the acceleration of single-family residential development starting in the mid-1980's and the more recent logistics and distribution boom, were enabled by broader regional economic growth (e.g. growth in port activity) and past transportation infrastructure investments in the County and the region. At the same time, this growth put new pressure on the County's transportation infrastructure spurring new investments to accommodate this demand. Future transportation investments in the County must respond to the needs of recent and new development, while also responding to emerging trends and changes, as well as broader County goals, such as economic development, jobs -housing balance, and community quality of life, among others. For such a large County with numerous jurisdictions, multiple focal points of economic activity and living, and an economy so inter -connected with the large regional/State economy, the demands for transportation investment are large and multi -dimensional. For this assessment, the term "economic development" is used broadly to refer to the potential role of transportation investments in supporting County growth in employment, population, income, real estate investment and other economic activity. Investments in automobile, transit, rail, bike and pedestrian infrastructure can enhance the competitive position of a neighborhood, community, or the broader region by increasing economic connectivity and integration. Transportation infrastructure can also send a positive market signal about the long-term comparative 1 In addition to data from the U.S. Census, the California Departments of Finance and Economic Development, and forecasts by the Southern California Association of Governments (SCAG), this section seeks to incorporate the insights of the UC Riverside Center for Economic Forecasting and Development and Dr. John Husing's Inland Empire Quarterly Economic Report. December 2019 Page 123 Riverside County Transportation Commission Riverside County Long Range Transportation Study advantage and public commitment to a particular area/location. At the same time, the economic benefits of different transportation investments can vary significantly depending on the type of transportation investment, the areas and ways in which it connects, the existing or evolving socioeconomic context and local efforts to plan for and effectively harness opportunities that may arise. Broadly speaking, transportation infrastructure can be thought of as providing three types of economic benefits, including in -commute benefits, out -commute benefits, and transit/walkable area benefits. In - commute and out -commute benefits are associated with all forms of investment in transportation infrastructure, which provide improved connectivity between places of work and places of residence, while transit/walkable area benefits are more specifically associated with investments in transit, bicycle, and pedestrian infrastructure. These three types of benefits are described conceptually below and are important when considering the benefits and role of different types of transportation investments in Riverside County.2 Out -Commute Benefits Transportation infrastructure can serve households with employed residents commuting out to employment destinations. Substantial Riverside County growth has been driven by the transportation connections provided between residential growth and employment destinations in other counties and communities. This can be in the form of both automobile infrastructure (freeways, highways, and arterial roads) as well as commuter rail/transit. While automobile infrastructure carries the large majority of out -commute connections in Riverside County, increasing traffic congestion can also generate increased demand for commuter rail where provided, especially in and near major metropolitan areas. The "out -commute" model facilitates economic development in smaller to medium size cities, including many in Riverside County. Efficient transportation connections can increase the attractiveness of housing further away from major employment centers, especially if it is associated with access to lower cost and desirable communities. As this migration occurs, residential communities continue to grow outside of the cities with major employment centers and are fueled by the wages collected from employment and reinvested in the local housing market and other consumer/resident-driven uses (typically retail, service, and office uses). While Riverside County is expanding its own employment base, as with all California counties, out -commuting will remain a reality for many employed residents in many households. In -Commute Benefits The "in -commute" model has historically been associated with well -developed business and commercial districts, though this characterization is evolving. Employment centers receive a range of benefits, including the provision of employment opportunities for local residents (where there is a skills match), private investment in real estate and infrastructure, a range of tax and other public revenue z These types of benefits should also be considered in conjunction with the interconnected range of quantifiable benefits that are addressed in the Cost -Benefit Analysis portion of the LRTS (e.g. commute time savings, safety improvements). December 2019 Page 124 Riverside County Transportation Commission Riverside County Long Range Transportation Study benefits, and spinoff benefits that often attract additional businesses. The City of Riverside is a noteworthy example of an in -commute center in Riverside County. There are also, however, communities that gradually evolve from primarily bedroom communities to successful commercial and job centers in their own right. These cities benefit from an increasing concentration of employed residents, as well as strong transportation connections to the larger metropolitan area. Transit Areas, Place -Making, and Economic Development Benefits Investment in transit and associated station areas can provide benefits at a more granular, area -specific level. In some cases, these investments provide unique opportunities for walkable and accessible mixed -use districts that combine residential, retail, and office developments. Not all transit stops/nodes will attract or be suitable for these types of development activity. However, when strong transit locations and ridership are coupled with appropriate real estate market conditions and policies that support compact development and walkable areas, transit -oriented development and communities can ensue. Even without transit service or nodes, cities can encourage new development, both residential, retail, and office, by creating attractive, compact, and walkable districts whether in historic city centers or newer centers of activity. Such areas are often popular with smaller households, including younger workers and empty nesters who in turn can spend a portion of their incomes locally. Where successful, these activity centers also bring additional benefits, such as reduced automobile congestion/travel. The development of these transit/walkable districts typically evolve incrementally over time. Riverside County Economy Riverside County in the Region Riverside County is one of the six counties that make up the core of the SCAG region. In recent decades Riverside County has served as a bedroom community to Los Angeles, Orange and San Diego Counties. These three coastal counties have larger and more diversified employment and more expensive housing compared to Riverside County. Riverside County's position on the eastern edge of the SCAG region and the presence on 1-10 and major interstate railroads has also led to the County becoming a major warehousing and distribution center serving all of Southern California. As shown in Figure 4, based on State of California data, Riverside County currently has a population of about 2.4 million, about 11% of the Southern California total, and a jobs base of 688,000, about 7% of the Southern California total.' Like its northern neighbor San Bernardino County, with which it makes up the Inland Empire, Riverside County covers an expansive geography, with adjacencies with Orange County, San Diego County, Imperial County, the State of Arizona, as well as San Bernardino County. For the purposes of the LRTS, Riverside County is divided into three subareas — Western Riverside County, Coachella Valley, and Palo Verde Valley - as shown in Figure 16. s Southern California total includes the SCAG region. Area is reflected in six -county area seen below in Figure 4. December 2019 Page 125 RIVERSIDE COUNT! TRANSPORTATION COMMISSION LRTS LONG RANGETRONSPOIMATION STUDY Figure 4 — Population and Employment by SCAG Region, 2018 Delano Ventura Pop.: 857.388 Emp.: 328,203 Vsylwa-Thomaard Onks.Varluoi AISA Prig el LOS ANG ELES Pop.: 10,241.278 Emp.: 4.441, 400' 'Las Angeles Lang Bmch-der..: + %AD 0 RANG E COUNTY Population 3,194,024 Emp.: 1,818,800' • Anaheim Sons Ana kvne MD I 'Juana SAN BERNARDINO Pap-- 2,100.258 Emp.: 727.100 RIVER SIDE Pap.: 2,384.783 Emp.: 088.400 IMPE RIAL Pop:188,334 Emp 64.900' -EI Canto LISA F.l erg c ak ulf head City Yuma San Cvis Rio Colorado Kug rr III RIVERSIDE COUNTY TRANSPORTATION COMMISSION North IVRP,4 TECHNOlaerexMu. Note: Metropolitan Division (MD). Metropolitan Statistical Area (MSA) Source: Department of Finance (Table E-1, 2018) and Employment Development Department (QCEW, Q1 2018) December 2019 Page 126 RIVERSIDE COUNT! TRANSPORTATION COMMISSION H AIN rb 6� LRTS LONG RANGE1RONSPORf6TON STUDY Figure 5 — Population and Employment by SCAG Region, 2018 4.4r4ilk PTV "40 Avistl brIMC'` _ � Days WESTERN RIVERSIDE COACHELLA PALO VERDE VALLEY VALLEY RIVERSIDE COUNTY TRANSPORTATION COMMISSION North 1/R'PA TECHNOIOGIES INC. Source: Department of Finance and Employment Development Department December 2019 Page 127 Riverside County Transportation Commission Riverside County Long Range Transportation Study Historical Growth The Riverside County population has increased about five -fold since 1970, increasing from 460,000 in 1970 to about 2.4 million in 2018. This represented an average annual growth of about 42,200 residents each year and an average annual growth rate of about 3.5 percent. Figure 6 shows total County population growth, as well as growth in population of the cities in the three subareas. Western Riverside County cities, which include about 67% of the County's population, added the largest number of residents over this period, with a period of accelerated growth beginning in the mid-1980's with periodic dampening of growth during economic downturns. Western Riverside County cities represent a larger share of total County population today than they did in 1970. Coachella Valley city population also grew substantially from a modest population of about 50,000 residents in 1970 to about 384,000 residents in 2018. Palo Verde Valley includes one incorporated city with a population of approximately 19,400, substantially larger than it was in 1970. The remainder of the County population lived in unincorporated areas of the County, which saw periods of growth as well as decline due to new city incorporation (and the associated shift of population). As shown in Figure 7, Riverside County's jobs base increased from 325,000 in 1990 to about 690,000 in 2016, based on State Employment Development Department (EDD) data. This represents the average annual addition of about 14,000 jobs each year, or an average annual growth rate of 2.9%. Most of this growth occurred between 1990 and 2007, a period where an average of 20,000 jobs were added each year. The Great Recession resulted in substantial job losses and it was not until 2014 that the County's job base returned to similar levels as in 2007. As discussed in more detail in sections below, in 2016 the County's jobs to population ratio (one measure of jobs and housing "balance"), was 0.29, very similar to the 0.28 ratio in 1990 (this ratio had increased to 0.32 prior to the Great Recession). The overall ratio for the Southern California economy was about 0.5, indicating the relatively larger role Riverside County has historically played in the region as a provider of housing more than of jobs. December 2019 Page 128 RIVERSIDE COUNTY TRANSPORTATION COMMISSION A owl LRTS LONG RANGE1R.NSPORf6TION STUDY Figure 6 — Riverside County Population Growth by District, 1970 - 2018 2,500,000 - 2.000.000 - 1.500.000 - c a a 1.000.000 - 500.000 0 •■•■ ••r .• �� •'■■ •••' . ................................ .... ............. ,... ••• .• ... .■•■■•.. .....■ .................... ..��...�wM A A A g A ti ff — GND GO a a a� a a Q! � g O1 a a 8 O~1 W 01 0) W W W W W W 0) W� W 0) CO CO a.W CO co co on CO Cr)Ol 0a CO Co S 8 W W W N C O O O O 0 0 0 0 0 (V lV N N hl CO 0 O O N N N O N [�Y N C. C. N N N C��7 Cr N C7 V K7 0, A. CO Western Riverside . Coachella Valley . Palo Verde Valley Riverside County Unincorporated Note: Population estimates are based on data for incorporated cities within each respective subarea. Sources: Department of Finance (2018) December 2019 Page 129 RIVERSIDE COUNT! TRANSPORTATION COMMISSION LRTS LONG RANGE1RONSPORf6TON STUDY Figure 7 — Riverside County Population and Job Growth, 1970 - 2018 Population and Employment 3.000.000 2,500,000 - Z000 ,000 1.500.000 1.000.000 500.000 - 0 g'§ggr`ggi ggM' ERNI0I ;: Employment Pop ulalio ) Source: Department of Finance (Table E-1, 2018) and Employment Development Department (QCEW, Q1 2018) December 2019 Page 130 Riverside County Transportation Commission Riverside County Long Range Transportation Study Riverside County Jobs According to U.S. Census data (that uses a different job counting procedure to the State EDD), Riverside County was the location of close to 595,000 jobs in 2015. Table 8 shows the distribution of County jobs by industry sector. As shown, the largest shares of employment in Riverside County (and collectively over 50 percent of County jobs) are in the Health Care and Social Assistance (12.6%), Retail Trade (12.6%), Accommodation and Food Services (11.7%), Education Services (10.9%), and Construction (8%). While these industry sectors also represent a significant proportion of overall jobs in the six - County SCAG region, with the exception of Health Care and Social Assistance, the Riverside County job concentrations in these industries are substantially higher than the regional average. Similarly, transportation and warehousing and public administration represented higher proportions of total jobs in Riverside County than in the region. At the same time, there are several industry sectors that represent a smaller proportion of Riverside County jobs than regional jobs. Manufacturing, Information, Finance and Insurance, Professional, Scientific, and Technical Services, and Management of Companies and Enterprises, some of the industry sectors with higher average compensation, all show job concentrations (percent of the total) of 75% or less than the average for the SCAG region. In terms of current job by occupations (in the Inland Empire), 16% of workers are employed as office and administrative support, 11% are employed as transportation and moving workers, and 11% are employed as sales workers, as seen in Table 9. Between years 2012 and 2017, occupational growth was strongest for construction and extraction jobs (49.8% growth), transportation and moving jobs (40.6% growth), and personal care and service (33.1%growth). While all occupations' average wages increased in nominal dollar terms, some occupations, including education, business and financial operations, and construction, had slower wage growth. In general, there is a link between the education level of a workforce and the economic development and job opportunities in a county. Table 9 shows the levels of formal educational attainment of the persons 18 years and older in Riverside County and the State of California in years 2006 and 2016. As shown, in 2016, Riverside County showed a somewhat different distribution from the State as a whole, with about 20% of the population holding a bachelor's degree or higher relative to 30% in the State as a whole. At the same time, the level of education of the Riverside County population is increasing. As seen in Table 10, between 2006 and 2016, Riverside County showed increases in the number and proportion of the population with some college, associate degrees, bachelor's degrees, and graduate degrees (collectively, an increase from 47% to 55%). December 2019 Page 131 RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Table 8 - Top Industry Sectors (2015) for Riverside County Compared to SCAG Region Industry Agriculture, Forestry, Fishing and Hunting Riverside 11,384 County 1.9% SCAG 55,865 Total 0.8% Riverside/ SCAG Ratio 2.38 Mining, Quarrying, and Oil and Gas Extraction 324 0.1% 7,338 0.1% 0.51 Utilities 4,034 0.7% 47,773 0.7% 0.98 Construction 47,643 8.0% 301,708 4.4% 1.84 Manufacturing 39,860 6.7% 622,342 9.0% 0.75 Wholesale Trade 25,990 4.4% 401,795 5.8% 0.75 Retail Trade 74,589 12.6% 729,467 10.5% 1.19 Transportation and Warehousing 32,822 5.5% 280,891 4.1% 1.36 Information 5,782 1.0% 254,893 3.7% 0.26 Finance and Insurance 10,246 1.7% 268,270 3.9% 0.45 Real Estate and Rental and Leasing 8,668 1.5% 131,596 1.9% 0.77 Professional, Scientific, and Technical Services 20,667 3.5% 470,825 6.8% 0.51 Management of Companies and Enterprises 2,921 0.5% 109,226 1.6% 0.31 Administration & Support, Waste Management and Remediation 37,098 6.2% 482,502 7.0% 0.90 Educational Services 64,457 10.9% 592,144 8.6% 1.27 Health Care and Social Assistance 74,781 12.6% 909,789 13.1% 0.96 Arts, Entertainment, and Recreation 14,495 2.4% 149,106 2.2% 1.13 Accommodation and Food Services 69,189 11.7% 619,965 9.0% 1.30 Other Services (excluding Public Administration) 17,226 2.9% 217,481 3.1% 0.92 Public Administration 31,644 5.3% 272,111 3.9% 1.36 Total 593,820 100.0% 6,925,087 100.0% Source:OntheMap LEHD, 2015 December 2019 Page 132 RIVERSIDE COUNT! TRANSPORTATION COMMISSION I. A w� LRTS LONG RANGE1RONSPORr6TON STUDY Table 9 - Top Occupations (2012-2017) for Riverside County MSA Occupations* Management 2012 Average Jobs % Wages 2017 Average Jobs % Wages % Change Jobs a012/2017) Average Wages 48,830 4% $103,596 58,800 4% $110,838 20.4% 7.0% Business and Financial Operations 39,730 3% $66,089 50,500 4% $66,746 27.1% 1.0% Computer and Mathematical 14,330 1% $74,481 15,010 1% $78,014 4.7% 4.7% Architecture and Engineering 12,150 1% $78,963 13,790 1% $80,930 13.5% 2.5% Life, Physical, and Social Science 8,930 1% $68,804 8,620 1% $75,452 -3.5% 9.7% Community and Social Services 16,150 1% $52,116 18,510 1% $55,169 14.6% 5.9% Legal 4,590 0% $93,719 5,920 0% $99,056 29.0% 5.7% Education, Training, and Library 90,590 8% $61,162 95,590 7% $61,234 5.5% 0.1% Arts, Design, Entertainment, Sports, and Media 9,930 1% $47,731 11,060 1% $50,733 11.4% 6.3% Healthcare Practitioners and Technical 61,670 5% $82,143 72,860 5% $87,968 18.1% 7.1% Healthcare Support 32,800 3% $28,955 30,030 2% $34,307 -8.4% 18.5% Protective Service 33,690 3% $49,909 35,710 3% $53,258 6.0% 6.7% Food Preparation and Serving -Related 115,160 10% $21,561 137,410 10% $26,192 19.3% 21.5% Building and Grounds Cleaning and Maintenance 39,640 3% $26,795 43,890 3% $30,609 10.7% 14.2% Personal Care and Service 31,230 3% $24,727 41,560 3% $28,719 33.1% 16.1% Sales and Related 123,510 11% $33,985 145,520 11% $36,980 17.8% 8.8% Office and Administrative Support 193,670 17% $34,992 215,160 16% $37,913 11.1% 8.3% Farming, Fishing, and Forestry 6,420 1% $21,564 7,560 1% $24,805 17.8% 15.0% Construction and Extraction 47,700 4% $51,824 71,450 5% $53,280 49.8% 2.8% Installation, Maintenance, and Repair 42,560 4% $46,649 54,790 4% $49,643 28.7% 6.4% Production 64,470 6% $32,050 82,190 6% $35,673 27.5% 11.3% Transportation and Material Moving 104,220 9% $33,836 146,510 11% $36,908 40.6% 9.1% Total 1,141,950 $44,506 1,362,440 $47,637 19.3% 7.0% *The sum of jobs per category may differ slightly from Total jobs as a result of rounding errors. Source: Occupationa I Employment Statistics (OES) Survey Results December 2019 Page 133 RIVERSIDE COUNT! TRANSPORTATION COMMISSION Are, w� LRTS LONG RANGE1RONSPORr6TION STUDY Table 10 — Riverside County Population Education Level, 2016 Education Level of 18+ Less than 9th grade Riverside County # MI6 % California # % Riverside County # 2016 % California # % Riverside County # Change % Cal ifomia # % 140,900 10% 2,613,411 10% 147,668 8% 2,613,696 9% 6,768 5% 285 0% 9th to 12thgrade, no diploma 177,223 12% 2,704,629 10% 170,506 10% 2,455,483 8% -6,717 -4% -249,146 -9% High school graduate (includes equivalency) 456,665 31% 6,659,027 25% 491,119 28% 6,542,555 22% 34,454 8% -116,472 -2% Some college, no degree 344,785 23% 5,997,410 22% 482,063 27% 7,283,222 24% 137,278 40% 1,285,812 21% Associate's degree 102,118 7% 1,955,359 7% 133,680 8% 2,214,667 7% 31,562 31% 259,308 13% Bachelor's degree 164,384 11% 4,581,094 17% 224,400 13% 5,781,881 19% 60,016 37% 1,200,787 26% Graduate or professional degree 82,715 6% 2,415,573 9% 124,368 7% 3,265,264 11% 41,653 50% 849,691 35% Total 1,468,790 100% 26,926,503 100% 1,773,804 10095 30,156,768 10095 305,014 21% 3,230,265 12% Source: United States Census Bureau December 2019 Page 1 34 Riverside County Transportation Commission Riverside County Long Range Transportation Study Geography of Jobs Riverside County has a multi -faceted economy with jobs spread across jurisdictions and subareas. Figure 8 shows the distribution of jobs by industry sector in the County's three subareas relative to the County as a whole. Each of the subareas has a substantial proportion of jobs in the healthcare and social assistance, retail trade, and accommodation and food services sectors. They all also have lower proportions of jobs in the mining, management, and utilities sectors. At the same time, there are several distinctions. Western Riverside County includes the large majority of jobs in the County, so its industry concentrations are most close to the County as a whole. However, its industry concentrations show that it is the key County subarea for the transportation and warehousing, wholesale trade, construction, and manufacturing sectors. This is reflective of its location in the regional and State economy and its interconnectivity to the Ports of Los Angeles and Long Beach, and the larger Southern California economy through major transportation infrastructure. The Coachella Valley also has a distinctive economy with a particularly strong tourism/visitor sector. As a result, it has particularly high concentrations in accommodation and food services and arts and entertainment sectors. Palo Verde Valley is a smaller scale economy dominated by the public administration sector that represents 40% of its current jobs base. Figure 8 — Subarea Percent of Jobs by Sector NAG sector 62 { Heat h Car a and Sac el rassraree) NAKS sector 4445( Retail Trace) 1=11 13% PACS sector 72 (Arcrmmodatlan art! Food Servkm.) 9i NAICS sector 61 ( E 0 JCaiiatar Serites % MACS sector 23 [ Construct aN $96 NAPO. sector 31-33 (Marsrfer to nyj 7% NArCS sswr 96 f Adn+rearm ryeand Sumac." and waste Management arc! Remedelm 5evicel 69‘ NAYS sector 4849(Transport dim and Werehourire Fva NAKS sector 92 ( FL 6r[ Ad rri risme on) 5% NA* sector 42 (WodetaleT We) NNCS sector 54(Pr delonal, Sriert tic , ale T Qln [al Ser sites) 1.1 396 FMCS Naar 81(Other Service (exc epr Pudic Ackni • ion)) . NAKS sector 71 (Arts Enter sir re: en>t and Retreat NAILS sector 12 (AgrinJhure, Foresry, F6hrrg and Hums re ) NAIC5see tor 521Fnanceardrrsuonce) Ell 2% NAILS = OM 53(RealEsae and Rana[ mtlLeasin;l Er% NAI(S sector 51 Worms ion) B NAKSNora 22(Lit 9te4 NAILS sector 55(Man>agement d Compel is and Erkrpris6) 12 0% MAKS sector 21 (Min Caaamrini, andOe and Gas Emma ort) 10% e ■ Coachella valley ▪ Palo Verde Valley ■ Western Riverside P AIR iversid a Cotrrty 0% St; 10% 15% 2034 .Pal o Verd a Va I I ey Pu ♦Jf is Administration is 40% of su ha rea's j o6s- Tru ncated fo r e ra phi cal representation purposes. December 2019 Page 135 Riverside County Transportation Commission Riverside County Long Range Transportation Study Figure 9 illustrates the concentration of all primary jobs' in Riverside County with labels indicating the largest employers in the County. This "heat map" — with an ordering from relatively high to relatively low (red, to yellow, to purple, to blue) - indicates the broad geographic distribution of jobs throughout the County, as well as places with particular concentrations. For example, as shown, in absolute terms, the areas in and around and between the Cities of Riverside and Corona and in the Murrieta/Temecula area have the highest concentration of jobs. At the same time, there are also significant concentrations in the Moreno Valley/Perris area, in Hemet, in multiple locations within Coachella Valley, and in Blythe. As also shown, the largest employers in the County include the school districts and other public administration agencies, medical centers, and, in Coachella Valley, the resort/casino/hospitality employers. Riverside County has a dispersed and multi -nodal jobs distribution. This is consistent with the analysis and observations of the UC Riverside Forecasting Center that indicated that a lower proportion of Riverside County jobs proximate to its largest job center (the City of Riverside), relative to other counties. This pattern of jobs distribution, which is expected to continue into the future, has direct implications for current and future transportation needs and, arguably, makes the development of an effective Countywide transportation program more challenging than in other counties. Considering the distribution of jobs in particular industry sectors shows the degree to which different sectors cluster in particular locations. Figure 10 shows the concentration of jobs in Riverside County for transportation and warehousing jobs. This is a large industry sector in the County that has driven a lot of the County's recent economic growth and has particular transportation infrastructure needs. As shown, these jobs are particularly clustered in Western Riverside County, in and around Jurupa Valley, the Cities of Riverside, Moreno Valley, and Perris, along the key transportation corridors. There are also smaller clusters elsewhere in the County. Figure 11 shows the concentration of jobs in the County for professional, scientific, and technical services. Jobs in this industry sector often provide higher paying jobs for skilled workers, often requiring office/Research and Development buildings, and, in some cases, suitable for location in transit -served areas. These jobs have a different pattern of location from the transportation and warehousing sector with the strongest concentrations in and between the Cities of Riverside and Corona, as well as in Temecula and Jurupa Valley in Western Riverside County. There are smaller clusters throughout the Coachella Valley, including Palm Springs and Palm Desert. Finally, Figure 12 shows the distribution of County employed residents, providing a comparison point to Figure 9 and the distribution of County jobs (a critical relationship discussed further in the following section on commute patterns). ' The dominant (or primary) job for an individual is defined as the job that earned the individual the most money. December 2019 Page 136 RIVERSIDE COUNTY TRANSPORTATION COMMISSION oRh A 9., LRTS LONG RANGE TRANSPORTATION STUDY Figure 9 — Concentration of Transportation and Warehousing Jobs in Riverside County Top Employers and Concentration of All Primary Jobs Riverside County Source: LEND 2015 dnlano ,t 11 Ui '+S Jurupa Dnif ■ Redlands ntykhoe of Education Diatri¢!, Yucaipa [5 f :wane Valley tMiRed Corn School 6istNote • • 1 , March A111 ReserYe S. J #� ` ■ • edical Center • , Amazon f Rancho Santa • High Lo•rr SAN DIEG0 Sa 1❑m; .01l01011GIS Ca5i10. Resort d Spa San Jacinto College ■ School District Lake Els non Url'iskr• Sc pool District ■ School District uVtK Valley Unified School District ga Resort a Casino PaloVerde Valley (east County) hmnwee Vat&Pima • {oche- hied ical Center s Lehiliied School District tmaC ken Band o[Cahuitta Indians ■, 1 �. eraf ser'eSKinps Resort 8 Spa RIVERSIDE I t IMP y Spnngs Resort CaSiI.0 a School District tub •_ U siDed School pistol!! Esd NER E. Carmin. hICi6. USGS. NPS • ESRI. RCM CIS. LAFCCI , Ean. HERE ti= OFRIVERSIDE COUNTY TRANSPORTATION COMMISSION Noma Y RPA TECHNOIOGIE5-1NC. December 2019 Page 137 RIVERSIDE COUNT! TRANSPORTATION COMMISSION 9. Are, � wgli LRTS LONG RANGE1RONSPORf6TON STUDY Figure 10 — Concentration of Transportation and Warehousing Jobs in Riverside County Concentration of Transportation and Warehousing Jobs Riverside County Sovice: LEH D 2015 OFRIVERSIDE COUNTY TRANSPORTATION COMMISSION -�- VIMPA TECMNOLOGtEi INC. December 2019 Page 1 38 RIVERSIDE COLINTY TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Figure 11— Concentration of Professional, Scientific, Technical Services Job in Riverside County Concentration of Professional, Scientific, Technical Services Jobs Riverside County Sauce: LEH0201S OFRIVERSIDE COUNTY TRANSPORTATION COMMISSION North lY RPA TECNN'OIOG7F5. INC. December 2019 Page 139 RIVERSIDE COUNT! TRANSPORTATION COMMISSION g A w� LRTS LONG RANGE1RONSPORf6TION STUDY Figure 12 — Concentration of Homes of All Employed Residents in Riverside County Concentration of Homes of All Employed Residents Riverside County Source: LEND 2015 RIVERSIDE COUNTY TRANSPORTATION COMMISSION North Y RPA TECHNOIOGIEINC. December 2019 Page 140 Riverside County Transportation Commission Riverside County Long Range Transportation Study Workspace Real Estate Development The development of workspace provides another indication of the distribution of economic activity and jobs. Workspace development — generally divided into office, retail, and industrial space — responds to market demands and reflects historic, current, and expected near -term market trends. Over time, demand for different types of workspace can accelerate, diminish, or shift. The current state of demand can generally be seen by looking at the historic workspace development construction trends, actual and changes in vacancy rates and lease rates, as well as information about building re -use and rehabilitation. Table 11 provides 2017 information on private workspace inventory for the County and its three subareas, as well as average lease rates and vacancy rates. It also indicates the change in average lease rates and vacancy rates between years 2006 and 2017. As shown, Riverside County, as a whole, has a substantially different distribution of workspace. In the State of California, about 25% of workspace is office, 30% is retail, and 45% is industrial. In contrast, Riverside County's 205 million square feet of industrial space represents a substantially higher 60% of the County total, while the County's 35.2 million square feet of office space represents a substantially lower proportion, and the County's 100 million square feet of retail space represents 30% of the total. Controlling for relative population, the per capita office development is less than half in the State average in Riverside County, consistent for retail development, and above average for industrial. Western Riverside County has a higher industrial space per capita than the County and State averages, while the Coachella Valley has substantially more retail development per capita than both the County and State averages. As with jobs, Western Riverside County provides the majority of the workspace in the County, though the concentration of industrial space is especially high at 90% of the County total compared to 75% of the office space and 70% of the retail space. Western Riverside County's workspace distribution is 10% office space, 25% retail space, and 65% industrial space, reflecting its substantial inventory of warehouse and distribution and other industrial space. The Coachella Valley has a significantly different distribution with 20% office space, 60% retail space, and 20% industrial space, reflecting its strong visitor economy. The Palo Verde Valley private workspace inventory is more modest in scale and is predominantly retail. The percentage growth in inventory in all workspace categories since 2006 has been substantially higher in Riverside County than in the State of California as a whole. Industrial development, in particular, grew by 40% in this period, almost five times the growth in the State as a whole. The growth in retail and office space grew about three times the percentage growth in California. For industrial development, this reflects the boom in logistics and distribution space in Riverside County at a time when new industrial development is modest in much of the State. The higher growth in retail space likely reflects the relatively higher population growth in the County relative to the State as a whole, though many retail formats are struggling throughout the State as an increasing proportion of consumer expenditures shift to online shopping. The greater proportionate growth in office development may also represent a response to the increasing County population and the need for a range of professional and other services. Still, the overall level of office development in the County remains low as a proportion of total development. December 2019 Page 1 41 RIVERSIDE COUNT! TRANSPORTATION COMMISSION ,T w� LRTS LONG RANGE1RONSPORr6TION STUDY Table 11- Real Estate Historical Market Conditions Land Use California Riverside County Western Riverside Subarea Coachella Valley Subarea Palo Verde Valley Subarea Metric %Ch. Metric %Ch. 2017 % '06-'07 2017 % '06-'07 Metric %Ch. Metric %Ch. Metric %Ch. 2017 % '06-'07 2017 % '06-'07 2017 % '06-'07 Inventory (Sq.Ft.) Office 1.47 Billion 24% 7.3% 35,239,663 10% 23.7°% 26,524,404 9% 27.2% 8,431,918 19% 14.7% 66,304 6% 0.0% Retail 1.73Billion 28% 5.5% 100,650,299 30% 14.3% 71,049,768 25% 13.8% 26,812,075 59% 17.1% 819,126 76% 3.8% Industrial 2.97 Billion 48% 8.4% 204,658,575 60% 39.5% 182,916,634 65% 43.3% 9,985,266 22% 19.755 191,4-36 1835 QO% Inventory (Sq. Ft. )/Pe r Resident Office 37.2 14.7 16.3 22A 3.4 Retail 43.8 41.7 43.7 698 42.2 Industrial 75.1 84.7 112.5 26A 9.9 Vacancy Rate Office 9.1% -0.655 8.1% 0.755 7.5% 0.9% 9.6% 1.355 3.4% -0.1% Retail 4.4% 0.8% 7.0% 0.4% 5.6% 0.685 10.3% -0.6% 8.5% -3.1% Industrial 3.5% -2.0% 5.0% -1.0% 4.8% -1.3% 3.8% -3.3% 12.0% 5.255 RentiSq.Ft. Office $32.68 17.755 $22.47 -11.5% $20.37 -12A% $20.80 -28.7% $18.90 16.755 Retail(NNN) $23.03 -10.685 $18.09 -17.9% $18.12 -14.0% $17.92 -22.9% $10.11 -40.5% Industrial (NNN) $9.39 37.3% $7.17 8.3% $5.90 -0.3% $20.63 86.7% NSA NiA Sou rce: CeStar December 2019 Page 142 Riverside County Transportation Commission Riverside County Long Range Transportation Study Commute Patterns Inter County Commute Patterns The commute patterns for Riverside County reveal that its workforce is integral to the larger region. As shown in Figure 13 and Table 12, of the 593,000 jobs in the County (based on US Census data), about 373,000 jobs (63%) are filled by County residents and 220,000 jobs (37%) are filled by in -commuters residing in other counties. Of the 778,000 employed residents living in Riverside County, 405,000 (52%) of them out -commute to other counties for their jobs, while 373,000 of them (48%) have jobs located in the County. Overall, there are 625,000 inter -County commuters (both in -commuters and out - commuters) with a net outflow of 185,000 persons. The level of in- and out -flow is substantially larger for Western Riverside County than the Coachella Valley due to its location relative to other Counties and their jobs and employed residents. In a large metropolitan area like Southern California, substantial inflows and outflows of workers are not unusual. Orange County, for example, also sees a significant proportion of its jobs filled by in - commuters and a significant proportion of its employed residents commuting out of the County for work. Differences do, however, arise between counties in terms of their relative numbers of jobs and employed residents and their jobs -to -housing ratio. A jobs to employed residence ratio of 1.0 means that there is precise balance between the number of jobs and employed residents, though it can still be accompanied by significant inflows and outflows of commuters. A jobs to employed residents balance of above 1.0, means that the County (jurisdiction) is a net provider of jobs, while below means the County is net provider of workers. As shown in Table 12, Riverside County has the lowest jobs to employed resident ratio of 0.76 of the SCAG counties. The County of Los Angeles's ratio is slightly above 1.0, Orange County's is 1.12, and San Bernardino, Imperial and Ventura Counties are between 0.8 and 0.9. These differences, which are consistent with the differences in the jobs -housing ratio, are reflective of the relative roles of Orange County and Los Angeles County as job centers and the greater role of the other counties as places of residence. A move over time towards a greater balance between jobs and employed residents doesn't necessarily reduce inter -County commuting, though when the jobs attracted are suitable for employed residents, decisions on where to work can change and distance of commutes can be reduced. As shown in Table 13, based on US Census data, of the in -commuters who work in the county, 51% work in non -goods producing and non -trade sectors (these sectors include professional services, health care, and public administration), 25%work in trade sectors, and 18%work in goods -producing sectors. About 38% of these jobs pay more than $3,333 each month ($40,000 annually). For out -commuters, there was a higher percentage in the services sector (57% relative to 51%) and a higher proportion of workers receiving more than $40,000 annually (47% relative to 38%). December 2019 Page 143 RIVERSIDE COUNT! TRANSPORTATION COMMISSION affi* 4� LRTS LONG RANGE1RONSPORf6TON STUDY Figure 13 — Riverside County Inflow/Outflow, 2015 WESTERN RIVERSIDE - SUBAREA RIVERSIDE COUNTY TRANSPORTATION COMMISSION North - Li2PA TECNAOIOGIES IHC. i Note: Of the 593,820 jobs in Riverside County (based on US Census data), 373,117 jobs (63%) are filled by County residents and 220,703 jobs (37%) are filled by in -commuters residing in other counties. Of the 777,976 employed residents living in Riverside County, 404,859 (52%) of them out -commute to other counties for their jobs, while 373,117 of them (48%) have jobs located in the County December 2019 Page 144 RIVERSIDE COUNT! TRANSPORTATION COMMISSION 9 A w� LRTS LONG RANGE1RONSPORr6TION STUDY Table 12 - County and Subarea Commute Inflow/Outflow, 2015 Education Level of 18+ Riverside County Empl dyed Residents 777,976 Employed Residents Employment Commute Patterns Working in the Jurisdiction Total Inflow Outflow Occupied Jobs/ Jobs/ # % # % # Units Housing Emp. Resident 373,117 62.8% 593,820 220,703 37.296 404,859 707,485 0.84 0.76 Subareas Palo Verde Valley 7,294 3,418 49.7% 6,872 3,454 50.3% 3,876 N/A N/A 0.94 Coachella Valley 136,443 85,537 70.4% 121,494 35,987 29.6% 50,936 N/A N/A 0.89 Western Riverside 634,239 265,241 57.0% 465,478 200,237 43.0% 368,998 N/A N/A 0.73 Other Counties Orange County 1,290,523 843,337 58.4% 1,443,968 600,631 416% 447,186 1,016,793 1.42 1.12 Los Angel es County 3,736,504 3,029,802 77.1% 3,928,040 898,238 22.9% 706,702 3,288,948 1.19 1.05 Ventura County 321,759 15.9,462 61.5% 257,587 99,125 3R5% 163,297 271,593 0.95 0.80 Imperial County 60,283 40,681 77.7% 52,325 11,644 22.3% 19,602 49,722 1.05 0.87 San Bernardino County 719,501 342,210 54.254 631,347 289,137 45.8% 377,291 626,262 1.01 0.88 Source: OntheMap LEND, 2015; Department of Finance December 2019 Page 145 RIVERSIDE COUNT! TRANSPORTATION COMMISSION 9 � � wP LRTS LONG RANGE1RONSPORf6TON STUDY Table 13 — Major Job Categories and Monthly Earnings Categories by Subarea, 2016 Riverside Education Level of 18+ Inflow Industry Segment Palo Verde Valley Coachella Valley Western Riverside outflow Inflow outflow Inflow outflow Inflow outflow Goods Producing 18% 78% 7% 17% 14% 14% 18% 18% Trade, Transportation, Utilities 31% 25% 11% 27% 26% 28% 32% 25% All Other Services 51% 57% 81% 56% 60% 58% 50% 57% Total 100% 100% 100% 100% 100% 100% 100% 100% Earnings <$1,250 22% 18% 10% 27% 24% 24% 22% 18% $1,251to $3,333 40% 35% 19% 40% 43% 39% 39% 34% $3,333+ 38% 47% 72% 33% 32% 37% 39% 48% Total 100% 100% 100% 100% 100% 100% 100% 100% Source:OntheMap LEND, 2D15 December 2019 Page 146 Riverside County Transportation Commission Riverside County Long Range Transportation Study Subarea Commute Patterns Table 12 also shows the commute patterns within the County amongst the three subareas. The Coachella Valley is relatively self-contained, with 70.4% of the jobs held by subarea employed residents, relative to 57% of the jobs in Western Riverside County, and 50% in Palo Verde Valley. As noted above, Western Riverside County's proportionate capture of employed residents is similar to that of Orange County and San Bernardino County. Table 14 through Table 16 provide additional information on the commute patterns of the three subareas. As shown in Table 14, about 58% of the jobs (265,000 jobs) in Western Riverside County are held by Western Riverside County residents with the largest numbers of these workers residing in the Cities of Riverside, Corona, Menifee, Temecula, and Moreno Valley. The remaining 196,565 jobs were held by workers predominantly residing in a combination of cities in Los Angeles, Orange, San Diego, and San Bernardino Counties. Of the 265,000 employed residents working in Western Riverside County, the largest number of jobs were in the Cities of Riverside, Corona, Temecula, and Moreno Valley. Western Riverside County employed residents out -commuted to a broad range of cities in nearby Counties. Overall, there were substantial net out -commutes (out -commuters minus in -commuters) from Western Riverside County to the Cities of Los Angeles, San Bernardino, Ontario, Anaheim, Irvine, Santa Ana, Rancho Cucamonga, and San Diego. Within Western Riverside County, the Cities of Riverside, Corona, and Temecula were the only cities that provided substantially more jobs than employed residents. The Coachella Valley (Table 15) is somewhat more self-contained with about 76% of the jobs held by Coachella Valley residents and about 67.5% of Coachella Valley employed residents working in the Coachella Valley. Jobs are geographically distributed also, though Palm Springs, Palm Desert, and Rancho Mirage provide a greater number of jobs relative to employed residents. Out -commuters from the Coachella Valley primarily commute to jobs in Western Riverside County Cities and the Cities of Los Angeles and San Diego. As seen in Table 16, jobs in the Palo Verde Valley are held by about 53% employed residents and 47% in -commuters. In -commuters tend to come from within Riverside County. Out -commuters work in Ehrenberg, Arizona, which borders the City of Blythe. December 2019 Page 147 RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Table 14 - Western Riverside County Commute Pattern Data, 2015 Where Workers Live Who are Employed in the Western Riverside Subarea Jurisdiction # Where Workers are Employed Who Live in the Western Riverside Subarea # % Workers Living in the Western Riverside Subarea Workers Employed in the Western Riverside Subarea Jurupa Valley 11,655 2.5% Jurupa Valley 11,198 1.8% Eastvale 4,559 1.0% Eastvale 2,550 0.4% Norco 3,269 0.7% Norco 6,532 1.0% Riverside 50,302 10.8% Riverside 72,275 11.4% Corona 19,261 4.1% Corona 29,896 4.7% Moreno Valley 29,195 6.3% Moreno Valley 20,134 3.2% Calimesa 803 0.2% Calimesa 492 0.1% Banning 4,055 0.9% Banning 2,811 0.4% Beaumont 5,160 1.1% Beaumont 3,075 0.5% Perris 10,628 2.3% Perris 10,614 1.7% San Jacinto 7,578 1.6% San Jacinto 4,965 0.8% Hemet 12,927 2.8% Hemet 13,080 2.1% Canyon Lake 1,922 0.4% Canyon Lake 933 0.1% Menifee 12,794 2.7% Menifee 7,101 1.1% Lake Elsinore 8,635 1.9% Lake Elsinore 7,860 1.2% Wildomar 5,734 1.2% Wildomar 2,754 0.4% Murrieta 17,158 3.7% Murrieta 15,819 2.5% Temecula 17,593 3.8% Temecula 30,479 4.8% All Other Locations 42,013 9.0% All Other Locations 22,673 3.6% East Hemet 3,672 0.8% Subtotal 265,241 41.8% Subtotal 268,913 57.8% Workers Employed Outside the Western Riverside Subarea Workers Living Outside the Western Riverside Subarea Los Angeles 25,137 4.0% Los Angeles 11,736 2.5% San Bernardino 20,104 3.2% Fontana 8,483 1.8% San Diego 18,634 2.9% San Bernardino 8,329 1.8% Ontario 17,669 2.8% San Diego 6,380 1.4% Irvine 14,272 2.3% Ontario 5,484 1.2% Anaheim 13,971 2.2% Anaheim 5,261 1.1% Santa Ana 11,169 1.8% Rancho Cucamonga 5,095 1.1% Rancho Cucamonga 10,424 1.6% Rialto 4,687 1.0% Fontana 8,532 1.3% All Other Locations 141,110 30.3% All Other Locations 229,086 36.1% Subtotal 196,565 42.2% Subtotal 368,998 58.2% Number of Jobs 465,478 100.0% Employed Residents 634,239 100.0% Source: OntheMap LEFID, 2015 December 2019 Page 148 RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Table 15 - Coachella Valley Commute Patterns, 2015 Where Workers Live Who are Employed in the Coachella Valley Subarea Jurisdiction # Workers Living in the Coachella Valley Subarea Where Workers are Employed Who Live in the Coachella Valley Subarea # % Workers Employed in the Coachella Valley Subarea Desert Hot Springs 4,995 4.1% Desert Hot Springs 1,719 1.3% Cathedral City 11,691 9.6% Cathedral City 4,984 3.7% Palm Desert 9,577 7.9% Palm Desert 15,756 11.5% Rancho Mirage 2,533 2.1% Rancho Mirage 9,063 6.6% Palm Springs 8,145 6.7% Palm Springs 16,031 11.7% Indian Wells 671 0.6% Indian Wells 2,616 1.9% Indio 18,166 15.0% Indio 10,150 7.4% La Quinta 8,295 6.8% La Quinta 7,999 5.9% Coachella 10,141 8.3% Coachella 5,377 3.9% Thousand Palms 1,503 1.2% Thousand Palms 3,072 2.3% Bermuda Dunes 2,010 1.7% Thermal 1,940 1.4% North Shore 744 0.6% Bermuda Dunes 1,639 1.2% Mecca 1,450 1.2% All Other Locations 11,812 8.7% Garnet 1,131 0.9% Subtotal 92,158 67.5% All Other Locations 11,293 9.3% Workers Employed Outside the Coachella Valley Subarea Subtotal 92,345 76.0% Los Angeles 3,738 2.7% Workers Living Outside the Coachella Valley Subarea San Diego 3,183 2.3% Los Angeles 1,954 1.6% Riverside 2,828 2.1% San Diego 1,590 1.3% Temecula 1,147 0.8% Yucca Valley 1,286 1.1% San Bernardino 1,016 0.7% Riverside 776 0.6% Irvine 946 0.7% All Other Locations 23,543 19.4% All Other Locations 31,427 23.0% Subtotal 29,149 24.0% Subtotal 44,285 32.3% Number of Jobs 121,494 100.0% Employed Residents 136,443 100.0% Source: OntheMap LEHD, 2015 December 2019 Page 149 Riverside County Transportation Commission Riverside County Long Range Transportation Study Table 16 - Palo Verde Valley Commute Patterns, 2015 Where Workers Live Who are Employed in the Palo Verde Valley Subarea Jurisdiction # Where Workers are Employed Who Live in the Palo Verde Valley Subarea # % Workers Living in the Palo Verde Valley Subarea Workers Employed in the Palo Verde Valley Subarea Blythe 2,830 41.2% Blythe 2,873 39.4% Mesa Verde 143 2.1% All Other Locations 545 7.5% Ripley 105 1.5% Subtotal 3,418 46.9% All Other Locations 588 8.6% Workers Employed Outside the Palo Verde Valley Subarea Subtotal 3,666 53.4% Ehrenberg 268 3.7% Workers Living Outside the Palo Verde Valley Subarea Los Angeles 244 3.3% Indio 306 4.5% Riverside 236 3.2% La Quinta 143 2.1% San Diego 194 2.7% Riverside 138 2.0% El Centro 118 1.6% Moreno Valley 113 1.6% San Bernardino 74 1.0% San Francisco 89 1.3% Palm Desert 67 0.9% San Diego 86 1.3% Brawley 59 0.8% Los Angeles 81 1.2% Palm Springs 57 0.8% All Other Locations 2,250 32.7% All Other Locations 2,559 35.1% Subtotal 3,206 46.7% Subtotal 3,876 53.1% Number of Jobs 6,872 100.0% Employed Residents 7,294 100.0% Source: OntheMap LEHD, 2015 Forecasts As the region's metropolitan planning organization socioeconomic estimates and projections that are used for federal and state mandated long-range planning efforts. The latest SCAG forecasts are for the years 2012-2040 period and forecast population, households, and jobs. This forecast reflects SCAG's "preferred Regional Transportation Plan/Sustainable Communities Strategy (RTP/SCS) scenario".5 SCAG's preferred scenario accounts for future regional growth that coordinates with transportation system improvements of the approved 2016 RTP/SCS, as well as anticipated new transportation projects planned by the region's transportation commissions, local agencies, and transit providers. (MPO), SCAG is responsible for producing This approach looks at the region as a whole and considers population and employment growth from a regional perspective, meanwhile accounting for subregional investments and circumstances. 5http://scagrtpscs.net/Documents/2016/draft/d2016RTPSCS 04 CreatingAPlanForOurFuture.pdf December 2019 ol�n Riverside County Transportation Commission Riverside County Long Range Transportation Study Figure 14 is a SCAG map that shows the forecasted employment change for the entire SCAG region. As shown, major concentrations of growth are expected to occur in Los Angeles County, Orange County, San Bernardino County, and Riverside County (including Western Riverside County and the Coachella Valley). Table 17 and Table 18 summarize SCAG's population, household, and employment (jobs) forecast for 2012-2040. As shown, Riverside County is expected to grow by about 42% (approximately 938,600 residents), to a population of 3.18 million over this period; an annual average growth of 33,500 residents each year. This represents a substantial amount of growth, similar in absolute terms to the last 28 years (1990 — 2018), but more modest in terms of proportional growth. Of the three subareas, Coachella Valley cities are expected to grow the most relative to their current population size. Table 18 shows that jobs in Riverside County are expected to increase substantially by 2040. A total of 557,700 net new jobs are forecast to be added between years 2012 and 2040, an annual average increase of 20,000 jobs and an overall increase of 90 percent. Of this total, about 343,000 net new jobs are expected in Western Riverside County, 122,800 jobs in the Coachella Valley, and 89,000 jobs in unincorporated portions of the county. Generally consistent with the population growth forecast, a total of about 360,000 new households are forecast, an annual average increase of 12,900 jobs and an increase of 52%. Significantly, these forecasts show a substantially higher pace of job growth relative to population and household growth. These SCAG forecasts indicate a net attraction of new businesses and economic activity over -and -above those directly driven by increases in resident expenditures. In 2012 the jobs - to -housing ratio was about 0.9. This is relative to a current regional jobs -to -housing ratio of over 1.25. Between years 2012 and 2040, the SCAG forecasts for Riverside County indicate a growth in jobs and households representing a 1.55 jobs to housing ratio during this period. When combined with the current 2012 jobs and household, these forecasts result in a significant increase in the overall County jobs to housing ratio to 1.1 by 2040 (Table 18). Table 19 shows the SCAG job forecasts for Riverside County by jurisdiction. As shown, the majority of growth is spread across the cities and unincorporated areas in Western Riverside County and the Coachella Valley. In terms of absolute growth, the Cities of Riverside and Moreno Valley are both expected to attract over 50,000 net new jobs. The Cities of Indio, Coachella, Corona, Hemet, Murrieta, and Temecula are all also expected to attract over 20,000 new jobs between years 2012 and 2040. In terms of proportionate growth, the cites of Desert Hot Springs, Coachella, Beaumont, Calimesa, Lake Elsinore, and Moreno Valley, San Jacinto, and Wildomar are all expected to see job growth of over 150% through year 2040. December 2019 Page 151 RIVERSIDE COUNT' TRANSPORTATION COMMISSION 9. A w� LRTS LONG RANGE1RONSPORf6TON STUDY Figure 14 — SCAG Region Employment Change, 2012-2040 ,a,.. Employment GAWP' 200.2040 Llobs par Sothwo ► ire Less then a Equal to 200 501- I000 201- 500 war - 2000 esv... !CAC :Om, OFRIVERSIDE COUNTY TRANSPORTATION COMMISSION Goatee than 2,000 North i 4 ' Nolr: tiansocruppn Melon lone fr42)14.44 axe a any a1J X a opog ray STarM Mao ale mid[e0ni bre* a onLiedird R the 0et PGF to gQR7Yi modertoKi GfeePose only. X4 6 Oran ar+d non •twdev VRPATECHNorowe1 tNC Source: SCAG December 2019 Page 152 RIVERSIDE COUNT! TRANSPORTATION COMMISSION g LRTS LONG RANGE1RONSPORf6TON STUDY Table 17 - Population Projections by Subarea, 2012-2040 Area Palo Verde Valley Population 2012 2040 % Change % Ch. 20,000 24,600 1% 4,600 23% Coachella Valley 357,600 595,100 19% 237,500 62% Western Riverside 1,508,000 2,060,800 65% 552,800 37% Other 359,500 503,200 16% 143,700 40% Total 2,245,100 3,183,700 100% 938,600 42% Source: 2016-2040 RTP/SCS SCAG Projections Table 18 -Job Projection by Subarea, 2012-2040 Area Palo Verde Valley Employment 2040 Household 2012 % Change % Ch. 2012 2040 Change % Ch. 3,700 6,600 1% 2,900 78% 4,500 6,200 1,700 38% Coachella Valley 130,900 253,700 22% 122,800 92% 132,100 227,100 95,000 72% Western Riverside 410,800 753,800 64% 343,000 83% 445,100 656,000 210,900 47% Other 71,200 160,200 14% 89,000 125% 112,700 165,000 52,300 46% Total 616,600 1,174,300 100% 557,700 90% 694,400 1,054,300 359,900 52% Source: 2016-2040 RTP/SCS SCAG Projections December 2019 Page 153 RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Table 19 - SCAG Region Employment Growth by City, 2015-2040 City Palo Verde Valley Employment 2012 2040 Change % Change Blythe 3,700 6,600 2,900 78% Coachella Valley Desert Hot Springs 3,700 12,900 9,200 249% Cathedral City 10,800 21,200 10,400 96% Palm Springs 26,300 45,800 19,500 74% Palm Desert 36,900 53,600 16,700 45% Rancho Mirage 12,300 20,500 8,200 67% Indian Wells 4,000 7,000 3,000 75% Indio 16,000 36,800 20,800 130% La Ciuinta 12,400 21,500 9,100 73% Coachella 8,500 34,400 25,900 305% Subtotal 130,900 253,700 122,800 914% Westem Riverside Banning 7,300 14,200 6,900 95% Beaumont 5,900 18,000 12,100 205% Calimesa 1,300 5,900 4,600 354% Canyon Lake 1,200 2,700 1,500 125% Corona 66,400 88,400 22,000 33% Eastvale 4,300 9,800 5,500 128% Hemet 21,000 45,500 24,500 117% Lake Elsinore 11,800 31,700 19,900 169% Menifee 10,300 23,500 13,200 128% December 2019 Page 154 RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Table 19 - SCAG Region Employment Growth by City, 2015-2040 (continued) City Westem Riverside Employment 2012 2040 Change % Change Moreno Valley 31,400 83,200 51,800 165% Murrieta 23,200 45,100 21,900 94% Norco 13,200 25,700 12,500 95% Perris 15,100 32,200 17,100 113% Riverside 120,000 200,500 80,500 67% San Jacinto 5,900 17,800 11,900 202% Temecula 43,000 63,500 20,500 48% Wildomar 5,000 13,500 8,500 170% Jurupa Valley 24,500 32,600 8,100 33% Subtotal 410,800 753,800 343,000 83% Other March J P A 700 3,600 2,900 414% Unincorporated 70,500 156,600 86,100 122% Subtotal 71,200 160,200 89,000 125% Total 616,600 1,174, 300 557,700 90% Source: 2016-2040 RTP/SCS SCAG Projections December 2019 Page 155 Riverside County Transportation Commission Riverside County Long Range Transportation Study Transit -Oriented and Transit -Potential Areas The Transit -Oriented Development/High-Quality Transit Areas section indicates the boundaries of plan areas within Riverside County where policies support transit -oriented development, transit potential, and/or activity nodes. Transit -oriented development include transit services, as well as policies that support the intensification of development around them; transit potential cities include cities with supportive policies and where future transit service is expected/possible; and, activity nodes indicate cities with policies that support compact development and pedestrian and bike mobility. The High - Quality Transit Areas identified by SCAG are displayed in Chapter V. These policies when coupled with the appropriate market conditions (and, in some cases, catalytic public investments) can support the development of new mixed -use districts that can both act to reduce automobile travel and congestion, but also to attract households and businesses interested in this type of environment. For the identified cities and areas (transit -oriented and transit potential), Table 20 provides Census estimates of the number of households and median household income for each of the identified plan areas/nodes. Table 21 provides a summary of workspace inventory (office, retail, and industrial) and the number of multi -family units from CoStar6 data for the same areas. The following narrative provides a brief description of each plan area (by City) along with the corresponding demographic and real estate data. These areas have the greatest potential to bring the transit/walkable area economic development benefits described earlier in this section. Corona Corona currently has two Metrolink stations, the North Main Station and the West Corona Station, both of which are owned and operated by RCTC. The North Main Station is located just north of the Downtown area and the West Corona Station is located in another activity node with office and industrial surrounding land uses. The North Main Station Area and Downtown Area are located roughly one-half mile apart, divided by SR-91. The Downtown Specific Plan area is currently developed with a mix of uses including 460,000 square feet of office space, 630,000 square feet of retail space, 80,000 square feet of industrial space and 1,500 households (see line item entitled Corona Mixed Use Downtown). The North Main Street Specific Plan (see line item entitled Corona Mixed Use 1) is currently developed with 95% industrial uses. The City envisions more intensified future development in the station area and has allowed for increased density of up to 60 units per acre and 2.0 Floor Area Ratio (FAR). While Corona's Downtown and adjacent North Main Street Station Specific Plan Areas encourage mixed -use development and alternative travel modes, it will likely take time to coordinate and implement these plans. The North Main Street Area in particular will need to undergo a major transformation from industrial uses into diversified and intensified transit -oriented development. 6 CoStar is a commercial real estate firm which develops and maintains a comprehensive database on commercial properties. A full company profile can be found at Co.Star.com. December 2019 Page 156 RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Table 20 — Plan Area and Demographics Number of Median Household City / Plan Area Transit Policy Class Households (2017) Income Corona Corona Mixed Use Downtown [1] Transit Oriented 1,518 $38,945 Corona Mixed Use [1] Transit Oriented 2 $42,500 Hemet Hemet Mixed Use Area Around Future Metrolink Transit Potential N/A N/A Hemet Mixed Use Transit Potential 88 $26,329 Jurupa Valley Jurupa Valley Rubidoux Village Center Overlay Transit Potential 61 $38,078 Jurupa Valley Pedley Village Overlay Transit Potential 36 $55,981 Jurupa Valley Glen Avon [1] Transit Potential 968 $50,086 Perris Perris Downtown Specific Plan Transit Potential 1,622 $36,858 Riverside Riverside Mixed Use Urban Transit Oriented 380 $19,263 Riverside Downtown Specific Plan Transit Oriented 1,863 $32,058 Riverside Western Mixed Use Areas [2] Transit Oriented 16,003 $51,187 Temecula Temecula Jefferson Ave Specific Plan Transit Potential 11 $171,824 Temecula Old Town Specific Plan Transit Potential 292 $36,384 Palm Desert Palm Desert University Area Transit Potential 194 $84,410 Palm Desert Downtown Transit Potential 2,254 $35,545 Sub -Total / Wght. Average Plan Areas 25,292 $46,233 Riverside County Total 741,071 $60,180 [1] A0.5-mile radius was drawn about the center of the plan areas [2] A custom polygon was drawn about the outer corners of the mixed -use areas along Magnolia Ave. Source: ESRI December 2019 Page 157 RIVERSIDE COUNT! TRANSPORTATION COMMISSION g. A w� LRTS LONG RANGE1RONSPORr6TON STUDY Table 21- Plan Area Real Estate Conditions City / Plan Area Transit Policy Class Corona Real Estate Inventory Office Retail (Sq.Ft.) Number of Share Multifamily Industrial Industrial Total Non- Units Residential Corona Mixed Use Downtown [1] Transit Oriented 457,794 630,421 81,404 1,169,619 7% 547 Corona Mixed Use [1] Transit Oriented N/A 5,229 102,878 108,107 95% N/A Hemet Hemet Mixed Use Area Around Future Metrolink Transit Potential N/A N/A N/A 0 N/A N/A Hemet Mixed Use Transit Potential 123,860 442,624 226,619 793,103 29% 46 Jurupa Valley Jurupa Valley Rubidoux Village Center Overlay Transit Potential 81,467 253,826 19,674 354,967 6% 43 Jurupa Valley Pedley Village Overlay Transit Potential 28,009 143,389 2,000 173,398 1% N/A Jurupa Valley Glen Avon [1] Transit Potential 10,157 96,570 N/A 106,727 N/A 529 Perris Perris Downtown Specific Plan Transit Potential 154,627 480,032 301,022 935,681 32% 926 Riverside Riverside Mixed Use Urban Transit Oriented 32,104 933,140 76,256 1,041,500 7% 786 Riverside Downtown Specific Plan Transit Oriented 3,199,649 893,329 407,927 4,500,905 9% 781 Riverside Western Mixed Use Areas [2] Transit Oriented 2,645,518 6,624,303 511,111 9,780,932 5% 9,423 Temecula Temecula Jefferson Ave Specific Plan Transit Potential 890,775 980,414 1,155,710 3,026,899 38% 0 Temecula Old Town Specific Plan Transit Potential 236,016 451,508 88,476 776,000 11% 534 Palm Desert Palm Desert University Area Transit Potential 310,607 146,940 19,623 477,170 4% 260 Palm Desert Downtown Transit Potential 1,254,824 3,732,820 N/A 4,987,644 N/A 1,231 Sub -Total / Wght. Average Plan Areas N/A 9,425,407 15,814,545 2,992,700 28,232,652 11% 15,106 Plan Area as Share of Riverside County 27% 16% 1% 8% 11% Riverside County Total N/A 35,208,756 100,778,065 202,748,154 338,734,975 60% 133,978 [1] A 0.5-mile radius was drawn about the center of the plan areas [2] Acustom polygon was drawn about the outer corners of the mixed -use areas along Magnolia Ave. Source: CoStar December 2019 Page 1 58 Riverside County Transportation Commission Riverside County Long Range Transportation Study Hemet The City of Hemet has developed transit -supportive policies in anticipation of the future Downtown Hemet Metrolink station (see line item Mixed Use) and another potential station in West Hemet (see line item Mixed Use Area Around Future Metrolink). The future station is planned to be located in the existing Downtown area, which is currently developed with roughly 50% retail uses, 30% industrial uses, and a small amount of office and multifamily uses. The Downtown area includes a portion of existing development along with large parcels of undeveloped or underutilized land to the north. There are currently just 88 households in the specific plan area, but the City envisions transit -oriented mixed -use development and intensified building to support the future Metrolink. The potential station, West Hemet, does not currently have any quantifiable real estate uses. The City aims to establish multimodal transit services to connect the two stations and expand the City's alternative -transportation infrastructure. Jurupa Valley The City of Jurupa Valley has identified three existing village centers for intensified development and transit -centric infrastructure improvements. A Metrolink station is located in the Pedley Village Area, which is the City's historic downtown. This specific plan area is currently developed with 82% retail uses, minimal office and industrial uses, and 36 single-family households. The other two identified areas, Rubidoux and Glen Avon, do not have Metrolink stations but have been targeted by the City in their recent General Plan through the use of Village Center Overlays, which encourage infill development and the establishment of town centers. Rubidoux is centered around a main thoroughfare, Mission Boulevard, and has a retail -heavy mix of uses and a small number of existing residents, most of whom live in multifamily buildings. Glen Avon, on the other hand, has roughly 1,000 households and 530 multifamily units, making it the most residential of the three areas. The City envisions that these three activity nodes be redesigned to give greater or equal priority to alternative transportation nodes as to automobile traffic. Perris The City of Perris has prepared a Downtown Specific Plan for the existing Metrolink station. The Downtown area currently houses roughly 1,600 households, most of whom live in multifamily buildings. The existing downtown is currently developed at low densities but includes roughly 480,000 square feet of retail space, or roughly 50% of the total, with another 30% industrial space, and the remaining 20% office space. Additionally, the City has a Trail Master Plan that focuses on enhancing the City's pedestrian and bicycle networks. Riverside There are three existing Metrolink stations in the City of Riverside, with locations at La Sierra, downtown, and Hunter's Park. The California Air Resource Board (CARB) will house its new state-of- the-art research and testing facility, and Southern California headquarters on a 19-acre site near the campus of University of California, Riverside, and in proximity to the Hunter Park station. The City has developed a downtown specific plan that aims to enhance the existing mixed -use downtown area December 2019 Page 159 Riverside County Transportation Commission Riverside County Long Range Transportation Study through intensified development and increased activity. The Downtown area is currently developed with 3.2 million square feet of office space, or 70% of the area's non-commercial space, with another 900,000 square feet of retail space and 400,000 square feet of industrial space. Additionally, Downtown has 1,860 households, many of whom live in the area's 780 multifamily units. The City's existing Transit - Oriented Development (TOD) policies, along with the established mixed -use nature of the Downtown, make Downtown Riverside a promising area for near -term TOD. Temecula The City of Temecula has identified two activity nodes for increased development intensity. The Temecula Old Town Specific Plan is the location of the City's downtown and is currently developed with mostly retail uses (roughly 450,000 square feet), office uses (roughly 230,000 square feet), and nearly 300 households. The Old Town area has a natural creek that divides the predominately commercial area from the predominately residential area. The second activity node identified herein is the Jefferson Avenue area, which is centered around the Jefferson Avenue corridor adjacent to the Old Town Area. The Jefferson Ave area includes just 11 households and is currently developed with 40% percent industrial uses, 30% percent office uses, and the remaining 30% percent retail uses. This area runs parallel to the 1-15 freeway with most of the existing development included in shopping centers and business parks. Palm Desert The City of Palm Desert, located in the Coachella Valley, has identified two areas for focused TOD development, Downtown and University. Downtown is currently developed with 1.3 million square feet of office space and another 3.7 million square feet of retail space. Additionally, the Downtown area is home to 2,250 households and roughly 1,230 multifamily units, further indicating the existing mixed -use nature of the City's Downtown area. The City aims to enhance connectivity within the area and amongst the rest of the City by enhancing mobility through high -quality transit. The second identified activity node, the University Area, includes the University of California, Riverside extension campus and the California State University, San Bernardino Palm Desert Campus. While the area is currently developed with mostly office uses and roughly 260 multifamily units, the City aims to leverage the potential of the Universities to develop the area with uses that support the growth of the universities while creating a well-connected mixed -use district. Additionally, the City has identified the University area as a prime location for future BRT or light rail service, which would help Palm Desert connect with the rest of the region. Furthermore, the CV Link project (a revolutionary new concept in active and alternative transportation), headed by the Coachella Valley Association of Governments, will provide infrastructure for active and alternative transportation modes from Palm Springs to Coachella, with plans to extend from Desert Hot Springs to the Salton Sea at some point in the future. CV Link broke ground in 2017 with its first segment in Cathedral City, a 2 %2 mile segment from Ramon Road to Vista Chino. December 2019 Page 160 Riverside County Transportation Commission Riverside County Long Range Transportation Study Opportunities and Constraints The preceding data and analysis provide sufficient background information to indicate the key opportunities and constraints related to County goals for economic development. Opportunities Opportunities for Growth Riverside County and the Inland Empire, more generally, have an historic and ongoing advantage in providing opportunities for new growth and development. The Southern California region will continue to grow and as land and development opportunities become limited in the region's coastal area, there will be an ongoing interest in looking to the Inland Empire for residential and economic development opportunities. Growing Residential Population and Jobs -Pull The Great Recession hit the Inland Empire hard, but the County's population has continued to grow and, between natural growth and in -migration from other Southern California counties, population growth is expected to continue. This growth and the associated increased labor force will continue to provide an "out -commute" economic boost through household expenditures. In addition, the increasing population and workforce, combined with the increasing educational levels in the County, will combine to create an incrementally higher "jobs -pull" in other industry sectors in Riverside County. Over time, in combination with a range of other factors, this could act to support job growth in a range of industries as some businesses choose to locate closer to their workforces. This would result in substantial "in -commute" benefits. Goods Movement, Logistics, and More The combination of the regional and County transportation and goods movement infrastructure and the increasing shift toward e-commerce have made Western Riverside County a key center for distribution/logistics developments. These intermediaries in the trade and flow of goods have been an important source of jobs in the County, with further expansions and developments expected. There has also been increased development of Industrial Flex buildings that can combine office, R&D, manufacturing, and storage. These buildings provide space for a range of different industry sectors, often providing less expensive space than in other counties. However, increased truck trips have impacted the highway systems and RCTC is currently studying these impacts to assess the costs related to warehouse development. Business and Leisure Travel The expanding population and jobs base in Riverside County will continue to grow the amount of business travel from elsewhere in the State and beyond. The Coachella Valley, in particular, attracts a large number of leisure visitors spurring investments and spending on hotels, casinos, entertainment, retail, and associated activities. This influx of visitors to Riverside County is expected to continue to grow, bringing dollars and economic activity into the County. December 2019 Page 161 Riverside County Transportation Commission Riverside County Long Range Transportation Study Commuter Rail Supportive Investments With the recent investments in Metrolink, intra-County and inter -County commuters have new commute options. These investments will bring increased transit ridership for commuters and, in selected cases, support the emergence of attractive mixed -use districts for living and working. Additionally, there are many areas in the County where city policies will support compact forms of development and bicycle and pedestrian improvements. These investments and policies, when coupled with supportive market conditions, could both reduce automobile use while also spurring economic development. Challenges Historical Trends, Commute Patterns, and Office Development Industry sectors and businesses often cluster together in particular locations, with new businesses attracted to areas with existing clusters. New businesses often look to locate in business districts/office parks and the investment is less likely to occur where there is not a proven track record. This can be seen in Riverside County, and Western Riverside County in particular, where many employed residents commute out to often high -paying jobs in other counties. In the real estate sector, this is also apparent in the office market, where demand for office space has been relatively weak. While government and education functions occupy non -industrial space, new office development for private uses in the County has been modest. In recent years, there are signs of change and a shift in the jobs -housing balance, though this will be an evolving process. Education Levels Education levels in Riverside County have historically been lower than the average for Southern California. In recent years, however, this disparity has started to close. Going forward, continued efforts to provide a strong education to school and college -aged children will be important in developing a new generation of workers who have strong employment opportunities and who can provide a workforce to businesses interested in locating in Riverside County. Furthermore, keeping these college educated students in Riverside County will be critical as historically many do not remain in Riverside County after graduation. Scale and Land Use Patterns The size of Riverside County makes economic development efforts more complex due to the different advantages and preferences among jurisdictions and subregions. As noted in the UC Riverside Forecast, Riverside County's clusters of jobs are more dispersed with less singular concentration around one major employment center. As a result, there is less opportunity to provide transit or other transportation solutions with one single investment. Instead, with Riverside County's multiple jobs and housing centers, Riverside County will need a range of transportations investments and types to improve commutes, reduce congestion, and shift more travel to non -vehicular modes. Similarly, the historical pattern of lower density residential and industrial development also means that the development of mixed -use and walkable districts may take more time to evolve and/or need to be developed anew. December 2019 Page 162 Riverside County Transportation Commission Riverside County Long Range Transportation Study Use Conflicts In a diverse economy that mixes residential development with a range of non-residential development types, there are likely to be conflicts between land uses and their associated transportation needs. In particular, supporting the goods movement/logistics industry, an important engine of economic growth, while maintaining a strong quality of life for existing and future residents and other types of businesses will be critical. Funding Many of the ongoing opportunities for economic development in Riverside County relate to the core characteristics, established businesses and population, and other comparative advantages associated with Riverside County (such as location within the Metropolitan Region). Many of the additional opportunities are, however, tied to investments in transportation infrastructure, place -making, human capital (education), and other amenities that boost regional quality of life and are attractive to firms and to workers. Like many California jurisdictions, Riverside County and its jurisdictions have faced shrinking levels of State and federal dollars available for these important investments for many years. At the same time, while the County and its local jurisdictions played a critical role in passing Measure A to support transportation investments, among others, the needs are substantial, and current funding levels are insufficient to fund planned improvements. Riverside County's historical and future growth and economic prosperity are tied to a multitude of factors. One important factor - that has played a major role in the evolution of the County's economy and quality of life and that will continue to be important in the decades ahead - is investments is transportation infrastructure and the associated effects on mobility, land uses, and development. Riverside County currently has a lower jobs -housing balance than other counties in Southern California, meaning that it is relatively "housing rich" and "jobs poor" compared to neighboring Counties. The resulting high level of out -commuting, especially in the western part of the County, has implications for the transportation needs, congestion, and quality of life of County residents. Riverside County also faces unique challenges in designing its optimal transportation investment program due to its geographic scale, its numerous and varied cities/communities, its more dispersed pattern of jobs, and its varied transportation demands. Transportation investments must serve both inter -County and intra-County mobility and connectivity. Differing transportation needs and challenges also exist within its three subareas — Western Riverside County, Coachella Valley, and Palo Verde Valley — and different demands drivers — goods movement industry, tourism/leisure industry, daily commuting, and local trips. RCTC's Long Range Transportation Study will respond to the mobility demands of existing and forecasted households and jobs, and, through its investment decisions, will play a role in shaping future economic development in the County. The RCTC's goals include supporting economic development in the County through transportation investments, where possible, to support economic prosperity and December 2019 Page 163 Riverside County Transportation Commission Riverside County Long Range Transportation Study quality of life. This includes helping to reduce congestion and improve quality of life by improving mobility, providing a range of mobility options, and, where possible, catalyzing economic development and job opportunities through its transportation investments. The overall economic development strategy for transportation investments is to improve inter and intra-County mobility for goods and people movement, reduce congestion and commute times, and encourage economic development by providing jobs -supporting transportation infrastructure. The economic development benefit of different transportation investments can be viewed through five different, but related, lenses/strategies: ✓ Improve mobility for residents and workers. Transportation investments, as quantified in Cost Benefit Analysis, can provide substantial economic benefits through travel time savings and safety improvements. A key loss of economic productivity and quality of life relates to travel time related to traffic congestion, whether during commute or other hours. Where households and businesses have choices, congestion detracts from a location's relative standing. Where they do not, it results in lost time, lower work productivity and diminished quality of life. ✓ Support local economic development and a long-term "jobs -pull strategy" by improving commuter mobility infrastructure by expanding capacity and providing alternative modes of transportation. Improved mobility connections between Riverside County and other counties (and within the County) will strengthen the economic connections and improve opportunities to attract new workers (as residents) as well as new jobs. New out -commuting residents will act both to drive local economic development through their local expenditures (on retail goods and services) as well as to increase the attractiveness of Riverside County for new employers as a location with an accessible workforce. Over the long run, an increasing labor force with a broad skill base can create labor pool "tipping point" that will help drive the attraction of new businesses and associated job opportunities. ✓ Combine transit investments and bicycle/pedestrian improvements with place -making and economic development opportunities where local jurisdictions are supportive. As discussed in the "Transit- Oriented Development/ High Quality Transit Areas" section, there are a number of areas in the County that are now being served by or may be served by new transit investments and/or pedestrian/bicycle connections. Not only do these investments bring new commute and local mobility options, reduced congestion, and increased transit ridership by commuters, but they can also act to support the emergence of attractive mixed -use districts for living and working. These investments would be most likely to catalyze economic development where the policy of local jurisdictions is supportive of such investments and the potential compact forms of workforce and residential development that can accompany them and where market conditions support these use types. ✓ Maximize regional economic impacts of transportation investments. Major transportation investments generate a substantial number of jobs (for a broad range of workers with different skill levels), salaries and wages, and economic output. These direct economic impacts, in turn, generate "multiplier" effects associated with the purchase of supplies and services that support the transportation projects as well as from the personal expenditures of the workers. The net regional December 2019 Page 164 Riverside County Transportation Commission Riverside County Long Range Transportation Study economic impact is larger when local funding is matched with regional, State, and/or federal funding. ✓ Enhance and manage goods movement industry -supportive transportation investments. The County's location and transportation infrastructure, in combination with the broader shift towards e-commerce, has made Western Riverside County, in particular, a major attractor of logistics/ distribution space and associated jobs. As the Southern California region continues to grow, the expansion of this industry sector will continue providing job opportunities and economic activity and requiring investments in associated transportation infrastructure. As the County provides the supporting transportation infrastructure, it will be important to understand the needs and impacts of the truck traffic and seek to minimize its potential impacts on the quality of life of residents and workers. Conclusions SCAG's adopted 2016 RTP/SCS (and associated growth forecast) envisions strong job, household, and population growth in Riverside County through 2040. The forecast envisions a shift in the historical pattern, where job growth exceeds household and population growth, gradually changing the historical jobs -housing imbalance and likely reducing the proportionate level of out -commuting. Under this future, the economic benefits associated with the increasing numbers of households and employed residents will continue, while job growth will bring a range of new economic activities, tax revenues, and investments in real estate and infrastructure. Supporting the achievement of this future will be important for the economic health and welfare of County and regional residents. It would also lead to a virtuous cycle where new employment opportunities provide more options not to commute long distances, where local employment opportunities allow for a shift between transportation modes, and where growth and development generate revenues that can be re -invested in essential infrastructure. Transportation is just one piece of the economic development puzzle, but a critical one, especially for a county as expansive and dispersed as Riverside County. The willingness and ability to fund transportation improvements and system preservation and maintenance will prove critical to managing this growth, supporting additional growth, and maintaining/sustaining the quality of life of County residents. In addition to highway and arterial improvements, judicious investments in transit, pedestrian, and bicycle infrastructure will also offer alternative travel options, supporting compact mixed -use development districts in some places, linking households without vehicles to jobs in other locations, and generally helping to reduce congestion, improve air quality and public health. December 2019 Page 165 (11 RIVERSIDE COUNTY TRANSPORTATION coMMISSION LRTS z G Chapter IV Riverside County Today — Existing (2016) Conditions I LONG RANGE TRANSPORTATION STUDY Riverside County Transportation Commission Riverside County Long Range Transportation Study Chapter IV. Riverside County Today — Existing (2016) Conditions Existing Land Use and Population Characteristics This section builds mainly on data used to develop SCAG's 2016 RTP/SCS, since there are no other comparably detailed and disaggregated data for the base year (2016) and the horizon year (2045). Moreover, the transportation modeling is based on SCAG's modeling databases, including its land use and economic databases. Data presented includes: ✓ Households and Population data ✓ Employment and Major Industries data ✓ Household and Worker Income data Past growth trends, visitor, seasonal and part-time population, employment and disadvantaged communities are also discussed in this section. Table 22 shows past trends of population and employment for Riverside County and other counties in the region and the region as a whole. Table 23 shows detailed population and employment data for Riverside County and its three principal geographic subareas for 2016. The data presented in Table 22 and 23 were compiled from SCAG 2016 RTP/SCS socioeconomic databases used in the transportation modeling being performed for the LRTS and are therefore consistent with the travel forecasts presented in later sections of this Study. Examining Table 22 and 23, several notable aspects of Riverside County's 2016 demography are evident: ✓ 50% of households in Riverside County are one and two -person households; 35% of households have four or more persons. ✓ 20% of Riverside County's resident are school age; this proportion holds for all three subareas. ✓ Not surprisingly, the Coachella and Palo Verde Valleys have a higher proportion of persons and heads of household over 65 compared to Western Riverside County. ✓ Nearly one-third (31%) of households in the county have no worker present. This figure includes retired households as well as households of unemployed persons and full-time college students. The data reflects the great recession and slow recovery during the first half of the current decade. ✓ More than one-third of households are one -worker households. ✓ Median income is higher in Western Riverside County compared to the eastern subareas. ✓ Countywide, nearly two-thirds of households had incomes of $75,000 or less. ✓ Over two-thirds of Riverside County's dwelling units are single-family. ✓ Nearly 70% of jobs in Riverside County paid $35,000 per year or less. ✓ Only 13% of jobs in Riverside County paid $75,000 per year or more. ✓ Education is the dominant industry in Riverside County, representing a quarter of all County jobs. ✓ Retail, arts and entertainment, and professional industry sectors all represent over 10% of jobs. December 2019 Page 167 Riverside County Transportation Commission Riverside County Long Range Transportation Study _i Only 2 percent of jobs in Riverside County are in the Information industry such as computer programming, system design, telecommunications, and others. Very few workers' pay for parking at work; those that do all work in Western Riverside County. At 1.1%, employment growth in Riverside County (noted in red in Table 22) is more significant than any other county in the SCAG region. Table 22 - SCAG Regional Population and Employment by County, 2000 - 2015 2000 2010 2015 Difference (2010-2015) Number % Number % Number % Number % c .� a o a Imperial 143,151 0.9% 175,594 1.0% 182,390 1.0% 6,796 0.0°% Los Angeles 9,543,983 57.6% 9,827,070 54.4% 10,158,776 54.1% 331,706 -0.3% Orange 2,853,893 17.2% 3,017,089 16.7% 3,157,074 16.8% 139,985 0.1% Riverside 1,557,271 9.4% 2,191,800 12.1% 2,316,438 12.3% 124,638 0.2% San Bernardino 1,719,190 10.4% 2,038,771 11.3% 2,111,258 11.2% 72,487 0.0°% Ventura 756,902 4.6% 825,378 4.6% 853,188 4.5% 27,810 0.0% SCAG Region 16,574,390 100.0% 18,075,702 100.0% 18,799,123 100.0% 703,421 HIOC* 62.09 58.34 58.19 -0.1 -, o5 1 Imperial 54,080 0.7% 56,480 0.8% 76,000 0.9% 19,520 0.2% Los Angeles 4,444,600 59.7% 4,140,040 57.1% 4,463,010 55.7% 322,970 -1.3% Orange 1,516,770 20.4% 1,492,940 20.6% 1,633,000 20.4% 140,060 -0.2% Riverside 513,740 6.9% 591,850 8.2% 742,000 9.3% 150,150 1.1% San Bernardino 587,340 7.9% 682,830 9.0% 729,000 9.1% 46,170 0.1% Ventura 323,200 4.3% 322,560 4.4% 363,000 4.5% 40,440 0.1% SCAG Region 7,439,730 100.0% 7,256,700 100.0% 8,006,030 100.0% 749,330 HIOC* 67.41 64.91 63.43 -1.48 10D** 0.054 0.066 0.052 -0.013 o coOrange R rc W O. Imperial 2.6 3.1 2.4 -0.7 Los Angeles 2.1 2.4 2.3 -0.1 1.9 2 1.9 -0.1 Riverside 3 3.7 3.1 -0.6 San Bernardino 2.9 3.1 2.9 -0.2 Ventura 2.3 2.6 2.4 -0.2 SCAG Region 2.2 2.5 2.3 -0.1 Note: *HIOC (Hoover Index of Concentration) measures the distribution of population and employment. If HIOC equals 0, then population and employment are perfectly de -concentrated. If HIOC equals 100, then the county's share in comparison with the entire SCAG region's population or employment would be concentrated to a single county of the SCAG region. However, if the HIOC drops to 0, then each county's share would be equal. **IOD (Index of Divergence) measures the intra- regional segregation of population. Source: CA DOF, CAEDD, SCAG December 2019 Page 168 Riverside County Transportation Commission Riverside County Long Range Transportation Study Table 23 - Riverside County Population and Employment, 2016 Total Population [Percent of County We sic m 1,871,660 Riverside ®Totals 79% Coachella 463,849 Valley % 20% Palo Verde Totals 26,993 Valley 513 1% Overall Totals 2,362,502 County g° Residential Population 1,845,239 461,026 19,967 2,326,232 PemonsAge 5-17 [School Age] 378,539 20% 90,786 20% 5,287 20% 474,612 20% Persons Age 18-24 (College Age) 183,625 10% 43,001 9% 2,709 10% 2N,335 10% PemonsAge 16-64 (World ng Age) 1,188,577 64% 284,267 61% 18,072 67% 1,490,916 635£. Persons 65and over (RettrementAge) 243,877 13% 73,166 16% 4,206 16% 321,249 14% Zero -Worker Households 169,129 30% 60,805 35% 2,877 41% 232,811 31% One -Worker Households 206,N6 36% 66,545 3995 2,335 33% 275,176 37% Two -Worker Households 138,945 24% 35,667 21% 1,509 21% 176,121 24% Three+ Worker Households 54,668 10% 9,311 5% 353 5% 64,332 9% K-12Students 396,313 21% 80,701 17% 3,815 14% 480,829 20% College Students 111,707 6% 14,520 3% 4,747 67% 130,974 6% Median Household Income $56,521 $54,839 $53,045 $56,036 Low Income (435k) HHs 184,188 32% 63,091 37% 2,472 35% 249,751 33% Median: $20, 641 $19,746 $21,300 $20,436 Med. Income ($35-75k) HHs 174,184 31% 52,812 31% 2,262 32% 229,258 31% Median: $52,154 $51,566 $55,172 $52,073 High Income ($75-150k) HHs 160,064 28% 41,564 24% 1,766 25% 203,394 27% Median: $97,212 $98,090 $98,224 $97,448 Very High Inc. (a$150k) HHs 50,602 9% 14,861 9% 574 8% 66,037 9% Median: $193,385 $220,896 $211,037 $20o,438 Single Family Dwelling Units 392,646 69% 108,965 63% 3,946 56% 505,557 68% Multi -Family Dwelling Units 176,392 32% 63,363 38% 3,128 45% 242,883 32% Total Jobs 548,335 178,241 6,041 732,617 Low -wage Jobs ([$35k) 375,366 68% 123,770 69% 3,831 635£. 502,967 69% Med.-wage Jobs (<$35-7514 101,205 18% 33,160 19% 1,102 18% 135,467 18% High -wage Jobs (475k) 71,764 13% 21,311 12% 1,108 18% 94,183 135£. Agricultural & Mining Jobs 7,011 1% 6,534 4% 550 9% 14,145 2% Construction Jobs 49,151 9% 12,953 7% 322 5% 62,426 9% Manufacturing Jobs 38,574 7% 4,621 3% 61 1% 43,256 6% Wholesale Jobs 19,571 4% 3,401 2% 107 2% 23,079 3% Retail Jobs 73,437 13% 21,785 12% 733 12% 95,955 13% Transport, Warehouse, Utilities 30,180 6% 5,867 33% 204 3% 36,251 5% InformationJobs 7,553 1% 5,174 3% 49 1% 12,776 2% FIRE Jobs 17,814 3% 7,201 4% 322 5% 25,337 3% Professional Jobs 58,341 11% 23,464 13% 241 4% 82,046 11% Education Jobs 142,216 26% 36,493 20% 987 16% 179,696 25% Arts & Entertainment Jobs 56,441 10% 37,758 21% 609 10% 94,808 13% OtherService Jobs 25,423 5% 8,335 5% 298 5% 34,056 5% PubllcAdministrattonJobs 22,623 4% 4,605 3% 1,558 26% 28,786 4% WorkersPaying for Parking 14,567 35£. 0 0 14,567 2% Source: SCAG 2016 RTP/SCS Travel Market and Mobility Trends Travel Market The transportation system is mainly comprised of two components: Travel Demand (trips) and Transportation Supply (infrastructure). There are over 7.6 million -person trips made every day by residents and employees within Riverside County and this number is expected to grow by approximately 35% by 2040. This is illustrated in Table 24 for the entire county as well as each of its three subregions. December 2019 Page 169 Riverside County Transportation Commission Riverside County Long Range Transportation Study The generalized origin and destination of these trips in the base year and expected by 2040 are depicted in Figure 15 and 16. These figures illustrate percentages of auto trips that originate or end in Riverside County and Western Riverside County, showing trips that stay within Riverside County and Western Riverside County (intra-county trips), and those trips that travel into or outside of Riverside County and Western Riverside County (inter -county trips). As shown in Figure 15, the highest percentage of Riverside County's existing inter -county daily auto trips occur between Riverside and San Bernardino Counties (14%), with trips to and from Orange, Los Angeles, and Imperial Counties ranging from less than 1% to 3% trips in 2016, with similar travel patterns in 2040. Figure 16 shows that the highest percentage of Western Riverside County's inter -county daily auto trips occur between Riverside and San Bernardino Counties (18%), with trips to and from Los Angeles, San Diego and the rest of Riverside County ranging from less than 1% to 5% trips in 2016, with similar travel patterns in 2040. Trips to and from Western Riverside County are at 68% in 2016 and 70% in 2040. Figure 17 illustrates existing and future Heavy Duty Trucks (HDTs) travel patterns that originate or end in Riverside County. The majority of daily truck trips (49%) are intra-county for existing conditions. Future inter -county daily truck trips are expected to be similar to the existing. A majority of existing Riverside County inter -county truck trips occur between Riverside and Los Angeles (20%). Truck trips to and from Riverside County to San Bernardino and Orange Counties comprise most of the remaining daily truck trips, 20% and 10%, respectively. Figure 18 examines existing and future HDT travel patterns for Western Riverside County. The majority of daily truck trips (43%) are intra-county for existing conditions. Future inter -county daily truck trips are expected to be similar to the existing. A majority of Riverside County inter -county truck trips occur between Riverside and San Bernardino (21%). Truck trips to and from Riverside County to Los Angeles and Orange Counties comprise most of the remaining daily truck trips, 20% and 11%, respectively. Table 24— Daily Person Trips REGION SCENARIO PERSON TRIPS JIFF% WRT.2016 Western Riverside County 2016 5,985,000 N/A Baseline 2040 8,060,000 35% Plan 2040 7,976,003 33% Coachella Valley 2016 1,605, 500 N/A Baseline 2040 2,296,000 4395 Plan 2040 2,306,000 44% Palo Verde Valley 2016 63,504 N/A Baseline 2040 163,500 157% Plan 2040 153,000 141% Riverside County 2016 7,654,000 N/A Baseline 2040 10,519,500 37% Plan 2040 10,435,000 36% December 2019 RIVERSIDE COUNTY TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION SiVDY Figure 15 — Existing and Future Daily Auto Trips in and to/from Riverside County Los Angeles County Daily AUTO Trips Year 2016 (x1000) Year 2040 (x1000) Inter/Infra Zonal Trip Flows /13 2% 191 (3%) San Diego County 4,174 (75°/0) 5,680 (74%) \\,.. 16 c 1 °/o 37 (<1 %) Imperial County (C1%) (C1%) Arizona 11FRIVERSIDE COUNTY TRANSPORTATION COMMISSION December 2019 Page 171 RIVERSIDE COUNTY TRANSPORTATION COMMISSION E or. LRTS LONG RANGE TRANSPORTATION STUDY Figure 16 - Existing and Future Daily Auto Trips in and to/from Western Riverside County Los Angeles County 228 (5` ) 242 (4`)/oj Daily AUTO Trips Year 2016 (x1000) Year 2040 (x1000) r Interllrnra Zonal Trip Flows ISFRIVERSIDE COUNTY TRANSPORTATION COMMISSION Western 43,089 (68%)Riverside County (68%) 4,133 (70%) San Bernardino County 812 (18%) 1019 (17%) 110 (2%) 196 (3)/o] San Diego County Riverside County 66 (1%) 72 (1%) North Imperial County Arizona December 2019 Page 172 RIVERSIDE COUNTY TRANSPORTATION COMMISSION o LRTS LONG RANGE TRANSPORTATION STUDY Figure 17 — Existing and Future Truck Daily Trips in and to/from Riverside County mir San Bernardino County 28 (20%) 42 {19%} Riverside County Orange County Daily TRUCKS Trips Year 2016 (x1000) Year 2040 (x1000) Inter/Infra Zonal Trip Flows 0.9 2.1 ( 1 °10 ) Arizona Imperial County IFRIVERSIDE COUNTY TRANSPORTATION COMMISSION North VRPII TFCNNPlPLffN INC December 2019 Page 173 RIVERSIDE COUNTY TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION SiVDY Figure 18 - Existing and Future Truck Daily Trips in and to/from Western Riverside County L Los Angeles County 25 '(20%) 39 (21 %) DarEy TRUCKS Trips Year 2016 (x 1000) Year 2040 (x1000) rinterllntra Zonal Trip Flows � 1 Western 453 (43%)Riverside County (43%) 84 (45%) 1 (1%) 3 (2%) San Diego County San Bernardino County Riverside County 4 (3%) 7 (4%) Irnperial County Arizona 115FRIVERSIDE COUNTY TRANSPORTATION COMMISSION AN VRPli TFCNNOI6G1f[!FC December 2019 Page 174 Riverside County Transportation Commission Riverside County Long Range Transportation Study To further understand the travel patterns, the AM (6-9) and PM (3-7) peak period total (autos and trucks) vehicle trips are analyzed by focusing on the inter -county trips. Results from this analysis are presented in Table 25 and Table 26. The number of outbound vehicles, leaving Riverside County to Los Angeles, Orange and San Bernardino counties, are expected to grow by 13% from 2016 to 2040 but inbound vehicles are expected to grow by 30% during AM peak period. The PM peak period exhibits similar patterns with the reverse order of 31% increase for outbound traffic and 14% increase for inbound traffic. Given the current "exporting" of commute trips is expected to result in more balanced inbound/outbound traffic patterns. Table 25 - AM Peak Period (6-9 AM) Inter -County Auto and Truck Trips COUNTY Los Angeles 2016 ❑UTBOUND 2040 Change% 2016 INBOUND 2040 Change% 39,300 45,200 15% 21,100 26,500 26% Orange 45,700 45,900 0% 17,900 22,800 27% San Bernardino 90,900 107,700 18% 79,100 104,900 33% Tatal 175,900 198,800 13% 118,100 154,200 31% Table 26 - AM Peak Period (6-9 AM) Inter -County Auto and Truck Trips COUNTY Los Angeles 2016 ❑UTBOUND 2040 Change% 20116 INBOUND 2040 Change% 33,000 43,300 31% 50,600 54,900 8% Orange 27,900 36,900 32% 58,600 61,900 6% San Bernardino 130,300 168,400 29% 142,300 170,100 20% Tatal 191,200 248,600 30% 251,500 286,900 14% December 2019 Page 175 Riverside County Transportation Commission Riverside County Long Range Transportation Study In addition, weekend, holiday, and seasonal weekday (winter, fall, summer, spring) travel and traffic patterns represent variations to average weekday travel conditions on the major roadway facilities of Riverside County. While variations differ slightly by morning and afternoon time periods, as shown in Figure 19, the purposes of travel are expected to be very different. For example, the majority of weekday travel is commuter or work oriented, while weekend and holiday travel consider different purposes. For each major facility in Riverside County (SR-60, SR-91, 1-10, 1-15, and 1-215), traffic counts were reviewed and used to determine changes in seasonal, weekend, and weekday travel patterns. This data was collected from the California Department of Transportation (Ca!trans) Performance Measurement System (PeMS) for two hours in morning (7:00 AM to 9:00 AM) and the afternoon (4:00 PM to 6:00 PM). Future conditions are expected to remain similar to those reported for existing conditions. Figure 19 — Existing, Holiday, Weekend, and Seasonal Traffic Patterns in Riverside County Holiday Weekend Winter Weekday Fall Weekday Summer Weekday Spring Weekday Riverside County Average 0 500 1000 1500 2000 2500 3000 3500 4000 4500 Number of Vehicles per Hour Freeways, Highways, and Major Arterials Roadways ■ PM ■ AM The Riverside County roadway system is comprised of an extensive network of regional and local facilities. These are comprised of limited -access interstates/state routes, managed lanes and local arterials which provide access for inter- and intra-regional trips. The highways and arterial roadways support the movement of people and goods throughout the County. In addition to serving autos and heavy-duty vehicles, the complete highway network also serves other modes of travel including transit and active transportation, i.e., walk and bike. Freeways Riverside County is served by three interstate highways and several state highways. The following paragraphs describe major freeway facilities including Interstate 10 (1-10), Interstate 15 (1-15), Interstate 215 (1-215), State Route 60 (SR-60) and State Route 91 (SR-91). December 2019 Page 176 Riverside County Transportation Commission Riverside County Long Range Transportation Study Interstate 10 1-10 traverses 156 miles of Riverside County, from near Calimesa Boulevard in the west to the Arizona state border in the east. Major interchanges with 1-10 in Riverside County are: Freeway SR-60, which provides east -west access from Los Angeles County to Riverside County, as well as other major state routes including SR-79, SR-243 in the Beaumont -Banning area, SR-111, SR-86, and SR-62 in Coachella valley and SR-78 in Blythe. The 1-10 Corridor generally has three to five through lanes in each direction of travel with intermittent auxiliary lanes. The 2016 Caltrans Annual Traffic Volumes Report indicates that the annual average daily traffic (AADT) for the 1-10 corridor ranges from 140,000 near Beaumont and Banning to less than 30,000 vehicles per day east of Indio. Recreational travel activities along 1-10 includes golf and hotel resorts, casinos, outlet malls/shopping centers, and music festivals. Interstate 15 1-15 traverses 52 miles in the County of Riverside as the primary north -south route connecting Riverside County to San Bernardino and San Diego counties. The corridor passes through the Cities of Temecula, Murrieta, Wildomar, Lake Elsinore, Corona, Jurupa Valley, Norco, and Eastvale. The 1-15 corridor varies between a six to ten -lane freeway facility through its length in the county. The corridor has two major freeway interchanges in Riverside County with 1-215 in the City of Murrieta and SR-91 in the City of Corona. The corridor is a primary link for the Inland Empire and the High Desert to major economic centers and geographic regions of the Greater Los Angeles area and San Diego. It is one of the most significant freight corridors in the United States, facilitating the movement of goods between the Ports of Los Angeles and Long Beach, Ontario and Southern California Airports, States to the east, and the border crossings with Mexico. It also serves as a conduit for recreation travel to San Diego, Las Vegas, and other destinations along 1-15 such as Lake Elsinore and wine country in the Temecula Valley. In 2016, Average Daily Traffic (ADT) ranged from 145,000 vehicles near the Riverside/San Diego County Line to 220,000 near the Riverside/San Bernardino County Line. The growing population and relatively affordable housing market in Riverside and San Bernardino Counties, along with increasing employment opportunities in the Greater Los Angeles, Orange County, and San Diego County areas, and increasing goods movement and recreational traffic have increased demand on the corridor in the last decade and are expected to continue into the future. In anticipation of this growth in demand, a project is underway to add express lanes along 1-15 from SR- 60 in the north and the Cajalco Road interchange to the south. The 1-15 Express Lanes Project will be open to traffic by 2020 and will consist of dual express lanes in each direction and direct connections to the RCTC SR-91 express lanes. Interstate 215 1-215 passes through 36 miles of Riverside County. The southern terminus of 1-215 is at the junction of December 2019 Page 177 Riverside County Transportation Commission Riverside County Long Range Transportation Study 1-15 in the City of Murrieta in southern Riverside County. It then runs north through Perris before joining SR-60 in Moreno Valley. 1-215 splits from SR-60 at SR-91 in Riverside, where it continues north into San Bernardino County. This route is an alternative to 1-15 for drivers traveling through the region, for example from Las Vegas or San Bernardino to the San Diego metropolitan area. The route also provides for intraregional mobility between the Cities of Temecula, Sun City, Perris, Moreno Valley, and Riverside. 1-215 also provides access to the University of California, Riverside, March Air Reserve Base, Riverside National Cemetery, and major employment centers in the County. 1-215 is currently a six -lane freeway (three lanes in each direction) from 1-15 in Murrieta to its merger with SR-60 in eastern Riverside. Through the area where 1-215 and SR-60 share the same roadway, the freeway has been expanded to include four general purpose lanes and one High -Occupancy Vehicle (HOV) lane in each direction. From the SR-60/SR-91/1-215 interchange near downtown Riverside north to 1-10, 1-215 has four lanes in each direction. The 2016 AADT on the 1-215 corridor ranges from 85,000 cars just north of 1-15 in Murrieta to 185,000 cars just north of where 1-215 and SR-60 merge together in east Riverside. State Route 60 SR-60 is a principal east -west artery, and major truck route, traversing 30 miles of Western Riverside County. The 12 miles in Western Riverside County has four mixed -flow lanes and one HOV lane in each direction. The section in Moreno Valley has two mixed flow lanes and one HOV lane in each direction, and the eastern 10 miles of SR-60 in unincorporated Riverside County and Beaumont have two lanes of mixed -flow traffic in each direction. The AADT in 2016 was highest at the San Bernardino/Riverside County line near Milliken Avenue at 190,000 vehicles per day and the lowest AADT of 55,000 was the terminus of SR-60 at Jackrabbit Trail. Between the Cities of Riverside and Moreno Valley, SR-60 and I- 215 share a common facility. RCTC is currently implementing truck climbing and descending lanes, along with shoulder widening and flattening roadway curves, on a 4.5-mile segment through the Badlands between Gilman Springs Road and 1.4 miles west of Jack Rabbit Trail. This safety project is scheduled to be complete in 2021. State Route 91 SR-91 in Riverside County stretches 22 miles from the Orange/Riverside County line to the I-215/SR-60 interchange in Riverside. The corridor passes through the Cities of Corona and Riverside. The corridor is an eight to ten -lane freeway with one HOV lane in each direction. The corridor has three major system interchanges at SR-71 (Chino Valley Freeway), 1-15 (Corona Freeway), and 1-215/SR-60. As a primary corridor that connects the Inland Empire to the commercial centers in Orange and Los Angeles counties, SR-91 has become one of the most congested freeways in Southern California. In 2016, nearly 265,000 vehicles per day used the corridor near the Riverside -Orange County Line. The western part of the corridor, east of Madison Street, carried around 185,000 vehicles per day. December 2019 Page 178 Riverside County Transportation Commission Riverside County Long Range Transportation Study Furthermore, SR-91 is an increasingly important freight corridor, facilitating the movement of goods between the Port of Los Angeles and Long Beach, regional airports, and warehousing and distribution facilities in the Inland Empire. The growing population and relatively affordable housing market in Riverside County, coupled with increasing employment opportunities in Orange and Los Angeles counties, continues to increase demand on the corridor. In response to this growth in demand, express lanes were added to SR-91 between the Orange County line in the west and 1-15 in the east, completed in 2017. The RCTC 91 Express Lanes serves as an extension of the Orange County Transportation Authority 91 Express Lanes and will have a direct connection to the 1-15 Express Lanes that are set to open in 2020. Other State Routes in the County include: ✓ SR-79 extends north -south from 1-10 at Beaumont to SR-74 in Hemet. ✓ SR-74 extends east -west from the Orange County border near Lake Elsinore to Palm Desert. ✓ SR-111 extends east -west from 1-10 east of Cabazon to Imperial County on the eastern shore of the Salton Sea. ✓ SR-86 extends north -south from 1-10 in Indio to Imperial County on the western shore of the Salton Sea. Managed Lanes Highway facilities include general purpose lanes as well as managed lanes which include both high -occupancy vehicle (HOV) lanes and high -occupancy toll (HOT) or express lanes. Managed Lanes are referred to as transportation strategies, generally within major freeway corridors, which are intended to better manage congestion and improve safety and reliability by actively managing the traffic demand on the facility. Currently, HOV lanes exist on: ✓ 1-215 along the stretch of highway shared with SR-60; ✓ 1-215 in Riverside between the 1-215/SR-60/SR-91 interchange to San Bernardino County line; ✓ SR-60 in Western Riverside County between the San Bernardino County line and 1-215; ✓ SR-60 in Moreno Valley; and ✓ SR-91 from the Orange County line to the 1-215/SR- 60/SR-91 interchange. FASTHI.K ONLY N4 CAS H 91 Express Toll Lanes 2 MILES v HOV lanes, express lanes and other existing highway are shown in Figure 20 (Existing Highways). December 2019 Page 179 RIVERSIDE COUNT! TRANSPORTATION COMMISSION g LRTS LONG RANGE1RONSPORf6TON STUDY Figure 20 — Existing Highways Lp.nw$ =NLone —twin tahos — rrixtiiem ye OF ANY AMI {MINTY 119ANSPORFATIO y {GA1 A1iMin North December 2019 Page 1 80 Riverside County Transportation Commission Riverside County Long Range Transportation Study Express Lanes In 2007, RCTC established a Toll Program to supplement Measure A funding and to employ a new strategy to reduce congestion along the SR-91 corridor. In March 2017, RCTC opened the RCTC 91 Express Lanes, extending the OCTA 91 Express Lanes into Riverside County and ending near the 1-15 Interchange. The 1-15 Express Lanes Project, currently under construction and scheduled to open in 2020, adds 2 express lanes in each direction from south of SR-60 to the Cajalco Road interchange. Existing and proposed express lane direct connectors at the SR-91 and 1-15 interchange will add to the operational efficiency of this system. The 91 and 15 Express Lane systems are expected to improve traffic operations and generate sufficient revenue to cover Operations and Maintenance, debt obligations, and potential surplus for future infrastructure development along the 1-15 and SR-91 toll corridors. As a result of these successes and new initiatives to further address the County's and region's mobility needs, RCTC determined that a "Next Generation" of possible toll corridors would need to be evaluated to expand the SR-91 and 1-15 backbone into a regional network of express lanes. RCTC has prepared the Next Generation Toll Feasibility Study that evaluated the potential for new or expanded express lanes and identified the most feasible for implementation. In addition, Caltrans is preparing a Managed Lanes Feasibility Study that will also provide further analysis of manage lanes strategies and proposed project recommendations. The outcomes of this effort will be reviewed by the Commission. Arterial Roadways Overall, arterials account for approximately 80% of the total lane miles of all highway facilities in the County. Arterial highways include facilities that are under local jurisdiction control as well as conventional (non -freeway) state highways. Major continuous traffic carrying arterials in the County, which connect multiple communities, include but are not limited to the following: Western Riverside County: ✓ Cajalco Road/Ramona Expressway extends east -west from 1-15, crossing over the 1-215 and SR-79, until it connects to SR-74. ✓ Mission Boulevard/Van Buren Boulevard is an inter -county arterial that runs east -west from Valley Boulevard in Los Angeles County, through San Bernardino County and extends all the way to 1-215 in Riverside County. ✓ Central Avenue/Alessandro Boulevard runs east -west from Van Buren Boulevard across the 1-215 to Gilman Springs Rd. ✓ Perris Boulevard is a north -south arterial which runs through SR-74 and 1-215 all the way to the north County boundary. Coachella Valley: ✓ Varner Road runs parallel to the 1-10 for roughly ten miles from Palm Drive to Golf Center Parkway. ✓ Garnet Avenue and 20th Avenue, both running parallel to and on each side of 1-10, from the I-10/SR- 62 to 1-10/North Indiana Canyon Drive Interchanges. ✓ North Palm Canyon Drive, South Gene Autry Trail, East Vista Chino, Grapefruit Boulevard or SR-111, running through much of Coachella Valley. December 2019 Page 181 Riverside County Transportation Commission Riverside County Long Range Transportation Study Operational Efficiency As concern grows about the overall performance of the transportation system, the need to operate the transportation system as efficiently, reliably, and safely as possible has become the top priority among the transportation system stakeholders. Operation efficiency strategies are designed to optimize the transportation system throughput by managing and reducing congestion and delays. Key strategies in operation efficiency include: ✓ Corridor System Management Plans (CSMP) ✓ Integrated Corridor Management (ICM) A CSMP is a multi -jurisdictional and multimodal plan to improve operation and management along a corridor experiencing regularly recurring delay and congestion. A CSMP results in a listing and phasing plan of recommended operational improvements including Intelligent Transportation Systems (ITS), Transportation System Management (TSM), Incidence Management, Managed Lanes, and roadway improvements such as auxiliary lanes and interchange improvements. As shown in Figure 21, there are currently four CSMPs identified by Caltrans in Riverside County: ✓ 1-10: San Bernardino County line to SR-60 ✓ 1-215: 1-15 in San Bernardino County to 1-15 in Riverside County ✓ SR-91: Orange County Line to I-215/SR-60 ✓ 1-15: San Diego County line to San Bernardino County line CSMPs were required for all projects receiving Proposition 1B (2006) Corridor Mobility Improvement Account (CMIA) funding. Senate Bill (SB) 1 Solutions for Congested Corridors Program (SCCP) requires comprehensive multimodal plans. In 2018 the California Transportation Commission (CTC) developed and released Comprehensive Multimodal Corridor Plan Guidelines. Looking into the future, RCTC, SBCTA, SCAG, and Caltrans have initiated the Inland Empire Comprehensive Multimodal Corridor Plan (IE CMCP) that aims to develop east -west and north -south corridor plans in Western Riverside County consistent with CTC's corridor development guidelines and Caltrans' corridor handbook. The IE CMCP will be utilized for the SCCP Cycle 2 application process in Spring 2020 as well as other future state and federal funding opportunities. Caltrans will work with Coachella Valley agencies in preparing CMCPs for eastern Riverside County. The Integrated Corridor Management (ICM) will be part of these CMCPs. The ICM initiative was first introduced by the US Department of Transportation (USDOT) in 2006. The vision of ICM is that multimodal transportation networks (including freeways, arterials and transit) will realize significant improvements in the efficient movement of people and goods when all elements within a corridor are proactively managed and are able to communicate. Key ICM strategies are: ✓ Arterial signal coordination ✓ Dynamic traffic re-routing due to incidents or events ✓ Ramp Metering ✓ System Coordination between Caltrans and local jurisdictions ✓ Traveler information exchange December 2019 Page 182 RIVERSIDE COUNT! TRANSPORTATION COMMISSION 9. A w� Figure 21— Corridor System Management Plan Projects 111.R1WIRSIDE CO 1NTY TOIAASPOREC1011 COM11150041 LRTS LONG RANGE1RONSPORf6TON STUDY December 2019 Page 183 Riverside County Transportation Commission Riverside County Long Range Transportation Study Regional Intelligent Transportation Systems (ITS) Program The ITS Architecture provides a framework for implementing advanced technologies in a way that maximizes information sharing among agencies and the traveling public to improve safety and optimize traffic flow. It provides common standards that allow multiple agencies to develop systems that can work together. The ITS Architecture also fulfills a Federal Highway Administration (FHWAWFTA requirement and allows the Region to use federal ITS funding. The Inland Empire ITS Strategic Plan was approved by the RCTC in 1997 and was subsequently updated in 2003. The Strategic Plan contains a list of goals and policies to be followed by responsible agencies within Riverside County to achieve a viable ITS infrastructure that improves mobility and enhances safety within the region. Nine core ITS components have been identified by RCTC that are needed to deploy a comprehensive set of ITS services throughout the county's metropolitan areas. These components are: ✓ Traffic Signal Control ✓ Freeway Management ✓ Transit Management ✓ Incident Management ✓ Electronic Fare Payment ✓ Electronic Toll Collection ✓ Railroad Grade Crossings ✓ Emergency Management Services ✓ Regional Multimodal Traveler Information SCAG recently updated the Regional ITS Architecture. Regional ITS projects (Highway and Transit) containing ITS elements are required to be consistent with the Southern California Regional ITS Architecture to be eligible for federal transportation funds. Transit System Introduction As a member of the five -county Southern California Regional Rail Authority, RCTC oversees operations of Metrolink service in Riverside County. Additionally, RCTC owns and operates all of the nine Metrolink stations that serve Riverside County. All stations are ADA-compliant and are staffed with 24-hour security guards. Currently, RCTC is studying the potential of providing additional Amtrak intercity rail service between Los Angeles and Coachella Valley. Public Transportation in Riverside County is also provided by the following seven (7) transit operators: ✓ City of Banning Transit ✓ City of Beaumont Transit ✓ City of Riverside Special Transportation Services (Paratransit only) ✓ Corona Cruiser December 2019 Page 184 Riverside County Transportation Commission Riverside County Long Range Transportation Study ✓ Palo Verde Valley Transit Agency ✓ Riverside Transit Agency (RTA) ✓ SunLine Transit Agency Transit in Riverside County is overseen by RCTC, who is responsible by statute for developing and approving a Short Range Transit Plan (SRTP) for the County. It is updated annually and serves three purposes: 1. To identify transit services and capital improvements required to meet the transit needs of Riverside County over a three-year period and the proposed sources of funding to carry out the plan. 2. Serves as a management tool for operators to guide their activities over the next year. 3. Provides justification for operating and capital assistance for grant applications to be submitted to state and federal funding agencies. Annual Short Range Transit Plans Under the guidance of the SRTP, each transit operator is responsible for preparing a plan for their respective agency. RCTC is responsible for approving all plans and ensuring that they are consistent with SCAG's RTP/SCS. Further, RCTC must determine or approve the location, staging, scheduling, and capacity of all capital development projects, and must select and approve appropriate mass transit hardware and technology. Following approval and adoption of the agency plans by RCTC, the operators are responsible for their implementation. Two transit agencies have been delegated to coordinate the agency SRTPs: Riverside Transit Agency in Western Riverside County, and SunLine Transit Agency in the Coachella Valley. Public Transit — Human Services Transportation Coordinated Plan for Riverside County In 2016, RCTC completed a full update of the Coordinated Public Transit Human Services Transportation Plan which provides a road map for addressing mobility needs of more vulnerable groups, including older adults, persons with disabilities, persons of limited income, persons of limited English proficiency and military veterans. The plan identified network gaps and areas of unmet need, and created a blueprint to address them through five strategies: ✓ Grow Mobility Options ✓ Connect and Coordinate Services ✓ Promote Safety and Comfort ✓ Improve Health Access ✓ Promote and Improve Communication Additionally, the plan is used as a tool to pursue funding for discretionary projects from the FTA Section 5310 program and from other state and federal funding sources as they become available. Further, the plan can be used by the county's transit providers to identify strategies that improve mobility of target groups (RCTC 2017). December 2019 Page 185 Riverside County Transportation Commission Riverside County Long Range Transportation Study First and Last Mile Mobility The regional First and Last Mile Mobility Plan, prepared by RTA, documents ways to increase transit ridership through developing strategies that address first and last mile barriers to transit use. The plan lays out a foundation for developing a safer and more accessible transit network in Riverside County by: ✓ Summarizing the RTA's existing ridership characteristics; ✓ Highlighting the future needs of RTA's customers; ✓ Developing a set of Station Typologies (type and intensity of land use development) to characterize all 2,500 RTA stations (bus stops); ✓ Identifying various strategies to improve First and Last Mile access; ✓ Identifying pilot projects for each Station Typology (Urban Core, Core, Suburban, Rural, Commercial, and Industrial and Business Parks); and ✓ Providing an Implementation Plan. A key goal of the plan is to support the reduction of bicycle and pedestrian related collisions near transit stations and bus stops through safety improvements in catchment areas (where the catchment area is equal to a 3-mile, or 15-minute bicycling distance). The plan identified six (6) pilot projects representing each of the six (6) Station Typologies to be implemented in the near term, as depicted in Table 27. The six stations were analyzed based on bus stop location, bicycle and pedestrian related collisions, land use mix and population and employment densities. Based on this analysis, a unique set of strategies were developed for each station (detailed information about the strategies is documented in the First and Last Mile Mobility Plan). Successful pilots will eventually be duplicated at similar stations overtime, as funding becomes available. Table 27 — First and Last Mile Mobility Plan Pilot Station Locations Station Typology Station Location Catchment Area Coverage Urban Core East University Avenue and Lemon Street City of Riverside City of Riverside, Jurupa Valley Core Perris Transit Center City of Perris City of Perris, Riverside County, RCTC Suburban Winchester Road and Nicolas Road City of Temecula, City of Murrieta, Riverside County City of Temecula, City of Murrieta, Riverside County Rural Winchester Road and Simpson Road Riverside County Riverside County - Winchester Commercial Limonite Avenue and Pats Ranch Road Jurupa Valley Eastvale, Jurupa Valley Industrial & Business Park Perris Boulevard and Rivard Road Moreno Valley, Perris Moreno Valley, Perris December 2019 Page 186 Riverside County Transportation Commission Riverside County Long Range Transportation Study High Quality Transit Areas In the SCAG 2016 RTP/SCS, a series of High Quality Transit Areas (HQTAs) were identified. HQTAs are areas within one-half mile of a fixed guideway transit stop or a bus transit corridor where buses pick up passengers at a frequency of every 15 minutes or less during peak commuting hours. The HQTAs, which account for approximately 3% of the total land area in SCAG, are planned and projected to accommodate 46% of the region's future household growth and 55% of future employment growth. As of 2012, Riverside County's HQTAs accommodate only 0.05% of households and provide 4% of employment (SCAG 2016). It is anticipated with the 2020 SCAG/RTP update that there will be an increase in housing and employment accommodation percentages; however, funding will be needed to support investment in HQTAs. ITS Applications on Transit ITS applications on public transit are being deployed in the county, in forms such as WiFi on buses, real- time bus arrival information and text alerts, and on -board cameras. One example, the SunLine Transit Agency in the Coachella Valley, received over $4.7 million in funding from the FTA for the procurement of 51 bus shelters equipped with ITS technology in 2009'. Today, all SunLine Transit Agency buses are equipped with automatic passenger counters, automatic voice annunciators, automated vehicle locaters, global positioning systems, and WiFi. Passengers can utilize the interactive SunBus Tracker to receive up-to-date bus information. The SunLine Transit Agency SRTP updated for fiscal year (FY) 2020 identifies the following features to be implemented in a pilot program to improve operator and passenger safety: ✓ Forward collision warning ✓ Headway monitoring and warning ✓ Pedestrian detection ✓ Lane departure warning ✓ Speed limit indicator Recent Transit Initiatives The Riverside County Public Transportation Annual Countywide Performance Report for fiscal year 2015/16 identified five (5) new and recent transit initiatives in the county, which include: ✓ The Perris Valley Line, the first expansion of the Metrolink network since 1994, commenced service in June 2016. ✓ The City of Blythe secured a Federal "Rides to Wellness" grant that will improve access to medical centers in the Coachella Valley. ✓ The SunLine Transit Agency was awarded $12.5 million from the California Climate Investments initiative to purchase five zero -emission hydrogen fuel cell buses and to upgrade a hydrogen -fueling station in the Coachella Valley. ' Pro Publica Inc., 2015 December 2019 Page 187 Riverside County Transportation Commission Riverside County Long Range Transportation Study ✓ RCTC completed the 2016 Coordinated Public Transit— Human Services Transportation Plan Update to identify network gaps and areas of unmet need. ✓ RTA completed the Downtown Riverside Stop Improvement Project with the aim of addressing long-term growth in transit service and promoting downtown mobility (RCTC, 2017). Riverside -La Sierra Metrolink Station improvements were made in 2018, which included adding approximately 513 new parking spaces, six (6) bus bays, and a signalized access/driveway onto Indiana Avenue. RTA recently launched the CommuterLink Express Route 200, an express route connecting the Cities of San Bernardino, Riverside, and Anaheim at a cost of $3.00, with Disneyland being a destination for employee and leisure travelers. Buses are equipped with bike racks and free Wi-Fi and USB charging ports. Further, RTA is collaborating with the University of California, Riverside (UCR) to develop the UCR Mobility Hub, with the goal of improving service to the campus (RCTC 2017). Fixed -Route Transit As noted above, there are seven (7) transit operators. The service areas and service offerings of each are summarized in Table 28. The general service areas of each provider are shown in Figure 22. Table 28—Transit Providers and Service Offerings in Riverside County Transit Provider Services Offered Areas Served City of Banning Transit Circulator, Intercity Banning, Cabazon City of Beaumont Transit Local, Express Intercity, Special Event Shuttles Beaumont, Cherry Valley, CaIimesa, and Cabazon City of Corona, Corona Cruiser Circulator Corona City of Riverside Special Intercity, Demand Riverside* Transportation Services Responsive/Paratransit Palo Verde Valley Transit Agency (PVVTA) Circulator, Intercity, Demand Responsive/Paratransit (Desert Road Trip) Blythe, Mesa Verde, Ripley, Ehrenberg AZ, CA State Prisons Riverside Transit Agency (RTA) Local, Express Intercity, Anaheim, Banning, Beaumont, Canyon Lake, Corona, Country Village, Eastva le, Escondido, French Valley, Glen Avon, Hemet, Highgrove, Homeland, Romoland, Home Gardens, Jurupa Valley, Lake Elsinore, Loma Linda, Mead Valley, Menifee/Sun City, Mira Loma, Moreno Valley, Montclair, Murri eta, Norco, Oceanside, Ontario, Orange, Orange Crest, Pedley, Perris, Riverside, Ru bi doux, San Jacinto, Temecula, Temesca I Valley, Wildomar, Winchester, Woodcrest Sun Line Intercity bus Desert Hot Springs, Desert Edge, Palm Springs, Cathedral City, Thousand Palms, Rancho Mirage, Palm Desert, Indian Wells, Bermuda Dunes, Indio, La Quinta, Coachella, North Shore, Thermal Mecca *Users can also go to designated transfer points to travel into Corona, Loma Linda, Mira Loma, San Bernardino and Woodcrest December 2019 Page 188 RIVERSIDE COUNT! TRANSPORTATION COMMISSION 9. A w� LRTS LONG RANGETRANSPOINATON STUDY Figure 22 — Riverside County Fixed -Route Service Providers and Service Areas 70 * Riverside Transit Agency . Carona Cruiser • City of Banning Transit System * City of Beaumont Transit System ® Sunline Transit Agency 0 Palo Verde Valley Transit Agency Riverside Special Services OFRIVERSIDE COUNTY TRANSPORTATION COMMISSION cwew rs Cant w North s.n.agta VRPA TECNNOlOGff( MC December 2019 Page 189 Riverside County Transportation Commission Riverside County Long Range Transportation Study County -wide System Performance In Riverside County, the only system performance measure with a regulatory requirement is the farebox recovery ratio that is established in California law under the Mills-Alquist Deddeh Act of 1971(SB 325). All transit agencies in California must establish minimum contributions to operating costs from their riders' fares, called farebox, to ensure basic efficiencies and protect continued funding from public transit programs receiving Local Transportation Funds. The standards vary for rural and urban providers. Riverside County transit providers have established "blended" rural and urban minimum standards, which have been approved by Caltrans to reflect the county context. There are four important components to agency farebox recovery ratios: ✓ They reflect the interaction of factors that include ridership, agency policy and operating costs; ✓ They are heavily influenced by ridership as more riders will generate increased fare revenue while declining ridership will bring down the fare contribution to operating costs; ✓ They reflect critical agency policy as transit fares are a key policy area determined by the transit agency; ✓ They are influenced by attention to operating costs as systems operating efficiently will have lower expenses with fares representing comparatively higher proportions of total costs, higher farebox ratios. While the transit providers are currently meeting the farebox recovery standards, the majority of transit agencies in the county are experiencing a decline in ridership. If this trend continues it will become increasingly challenging for the providers to meet their farebox requirements. Operators are focused on introducing a mix of strategies to attract new ridership, including the Riverside Transit Agency's focus on downtown service, and a new marketing campaign and website at SunLine targeting young riders. Riverside Transit Agency has been focusing on improving downtown service, while also expanding interregional services. Utilization SCAG measures the relationship between transit trips taken and population growth by trips per capita. In the 2015/16 fiscal year, Riverside County saw a 5% decline in trips per capita from 7.2 to 6.8. While rail ridership grew by 2%, fixed route ridership (which makes up 85% of all ridership) declined by 5%. Demand responsive services, (including Dial -A -Ride), which account for 5% of all trips did not experience a change in ridership during this same period, but the Specialized Transportation Call program ridership dropped by 23% because of the termination of Federal funding for Commuter Link services (RCTC 2017). Accessibility and Coverage Population coverage in Riverside County is measured as the percentage of residents living within % of a mile of public fixed -route transit service, consistent with the Americans with Disabilities Act requirement of complementary paratransit to eligible persons with disabilities. The measure excludes dial -a -ride services. December 2019 Page 190 Riverside County Transportation Commission Riverside County Long Range Transportation Study Transit providers in Riverside County reported the following levels of coverage within their service areas: ✓ Riverside Transit Agency — 74% (no change from the previous year) ✓ SunLine Transit Agency — 82% (an 8% increase since FY 2013/14) ✓ Corona Transit — 73% ✓ Pass Transit — 92% coverage (a nearly 10% increase from the previous year) ✓ Palo Verde Valley Transit — 90% Connectivity Connectivity is a key measurement in Riverside County given its large geographic area where trips often require transfers between systems. Overall, there were minimal changes to connections across the county in FY 2015-16. Transit Operator Facts and Services Information on key characteristics and service offerings of each of Riverside County's public transit operators is found in RCTC's Riverside County Long Range Transportation Study Existing and Future Conditions Memorandum. Further Transit Considerations Transit in Riverside County has undergone significant changes in recent years. In particular, there are two key issues influencing the county transit system: Funding for public transportation is increasingly complex. After many years of increasing revenues, state and local funding (from the California Transportation Development Act, Local Transportation Fund, and State Transit Assistance Fund), have flattened compared to previous years. Flat funding and continued population growth may limit the ability of the Riverside County Transportation Commission to develop new services or expand frequency or coverage of existing services. ✓ There is early evidence of declining public transit ridership in Riverside County. Transit ridership countywide declined by 10% to 14% in FY 2017. This is a result of low gasoline prices, an improving economy, ride hailing services (Uber and Lyft), and an increase in personal automobile purchases and access to drivers' licenses which can be attributed to the passing of Assembly Bill 60$ that allows undocumented immigrants to obtain a driver's license (Egel, 2018). Declining ridership presents a challenge for operators in meeting their TDA legally mandated farebox recovery standards. These trends may likely impact operations and policy for RCTC and its transit agencies moving forward (RCTC, 2017). a Assembly Bill 60 was passed in 2013 and it is speculated that as a result over 1 million undocumented immigrants have received driver's licenses in the State of California. December 2019 Page 191 Riverside County Transportation Commission Riverside County Long Range Transportation Study Active Transportation Introduction Active and low -speed transportation, defined here as alternative travel modes that operate at lower speeds than conventional automobiles and focus on non -pollutant means of propulsion (including walking, cycling, scooters, and neighborhood electric vehicles) are an important component of the Riverside County transportation system. The following sections provide an overview of the existing and future conditions of active and low -speed transportation facilities in Riverside County. Conditions in Western Riverside County, and Coachella and Palo Verde Valleys are provided through reviews of the Western Riverside Council of Governments' Western Riverside County Active Transportation Plan (ATP) and the Coachella Valley Association of Governments Active Transportation Plan (ATP). Where individual cities have adopted active transportation plans, they are summarized. The coverage areas of WRCOG's ATP, CVAG's ATP, and city -specific ATPs are summarized in Figure 23. Finally, Safe Routes to School programs are discussed at the federal and state levels. Before discussing the existing and future conditions, it is helpful to understand the four bikeway facility types that apply throughout Riverside County. There are four (4) types of bikeway facilities recognized by the State of California — Class I, Class II, Class III, and Class IV facilities. Each bikeway classification is described below and depicted in Figure 24 through Figure 27. ✓ Class I facilities are multi -use paths, often referred to as bicycle paths that are physically separated from motor vehicle routes. Ca!trans requires that paths are a minimum of eight (8) feet wide and are paved. They are intended to accommodate multiple user groups, including cyclists, pedestrians, and, in some cases, neighborhood electric vehicles (NEVs). Class II facilities are referred to as bicycle lanes and provide exclusive space for cyclists on roadways. They are one-way facilities and carry bicycle traffic in the same direction as motor vehicle traffic. Class III facilities are known as bicycle routes and are designated by signage and painted "sharrows" in vehicle lanes. They are shared with motor vehicle traffic, typically on roadways with speed limits of 35 mph or less. ✓ Class IV facilities are separated bikeways or "bicycle boulevards", which are physically separated from motor traffic with a vertical feature. The separation may include, but is not limited to, planters and landscaping, flexible posts, and on -street parking. Currently, active transportation infrastructure in Riverside County is mostly found in larger cities. Vehicle travel is the dominant choice for transportation, with non -motorized transportation accounting for less than 3% of trips (according to American Community Survey 2012 — 2016 estimates). However, extensive improvements to the active transportation network are planned, which will reduce VMT and GHG, in addition to improved public health. Additional details pertaining to Active Transportation Plans and overall planning for pedestrians, bicyclist and small, low speed vehicles can be found in WRCOG's ATP, CVAG'S ATP, and city -specific ATPs. December 2019 Page 192 RIVERSIDE COUNT! TRANSPORTATION COMMISSION 9. A w� eiWestern Rruersitte CatrNty Active Transportation Plan 0 Coachelfa Valley Active Transportation Plan • Cities with Active Transportation Pians Cities Currently Writing Active Transportation Plans 0 Cities Without Active Transportation Plans O ]urupa Valley BikeiPed Master Plan OFRIVERSIDE COUNTY TRANSPORTATION COMMISSION Figure 23 — Riverside County Active Transportation Plans North LRTS LONG RANGE1RONSPORr6TON STUDY I/RPQ rrr1I..01e1,I1s I December 2019 Page 193 RIVERSIDE COUNT' TRANSPORTATION COMMISSION Source: Caltrans Figure 24 — Class I Bikeway Figure 25 - Class II Bikeway LRTS LONG RANGE TRANSPORTATION STUDY Source: Caltrans December 2019 Page 194 RIVERSIDE COUNTY TRANSPORTATION COMMISSION Figure 26 - Class III Bikeway Source: Caltrans Figure 27 - Class IV Bikeway Source: Caltrans Ef4tg LONG RANGE TRANSPORTATION STUDY December 2019 Page 195 Riverside County Transportation Commission Riverside County Long Range Transportation Study Freight and Goods Movement Introduction Freight transportation and goods movement in Southern California and Riverside County are significant contributors to the state and national economies, and maintaining an efficient system has implications to both economic vitality, and quality of life. Continual growth in Southern California's population is driving an increase in national freight demand, with port cargo expected to triple by 2035 (SCAG, 2013). Although inland, Riverside County plays and will continue to play a key role in moving these goods. Of goods that enter through the Ports of Long Beach and Los Angeles, 77% pass through Riverside County, with 65% moving by rail, and 35% by truck, resulting in having a train at most rail crossings at least twice an hour (RCTC, 2012). As freight demand increases in the region, freight rail and truck traffic are likely to increase in Riverside County, especially given that national freight demand drives freight traffic in Riverside County to levels higher than almost anywhere else in the United States. In 2014, 66 trains with an average length of 4,000 feet passed through Riverside County daily, resulting in 600 vehicle hours of delay per day (where one vehicle hour of delay is defined as a single car delayed for one hour). By 2035, this is expected to increase to 137 trains with an average length of 5,200 feet. Vehicle hours of delay per day are expected to increase to 3,700 by 2035. These delays result from at - grade crossings where vehicles must wait for train crossings (RCTC, 2012). Additionally, truck traffic has been increasing faster than passenger car traffic over the past 20 years, and it is expected that vehicle miles traveled (VMT) for truck traffic will increase by over 8% by 2035. One of the top 100 most congested truck bottlenecks in the country, as named by the American Transportation Research Institute in 2018, is located in Riverside County in the City of Corona (1-15 at SR-91) (ATRI 2018). Figure 29 displays the major truck routes location in Riverside County. Rail/Freight There are three (3) major freight corridors that run through Riverside County, which are a part of the nationally significant Alameda Corridor -East (ACE) Trade Corridor. Freight operators on these corridors include the Burlington Northern Santa Fe (BNSF) and the Union Pacific Railroad (UP). The freight rail corridors for Riverside County are shown in Figure 28. The first of major freight rail corridors is the Southern Transcon Line operated by BNSF, which runs from the Ports of Los Angeles and San Diego, traverses Riverside County via the City of Corona and the City of Riverside and continues across the nation to Chicago, Illinois. It is a critical artery in the national freight movement system. The two other major freight rail corridors, the UP Los Angeles Subdivision and the UP El Paso Line are operated by the UP. The UP LA Sub route connects with the UP El Paso Line via the BNSF Southern Transcon Line between west Riverside and Colton. The UP LA Sub route, while owned and operated by UP, is also shared with Metrolink per operating agreements. Metrolink operates commuter passenger rail service on the Riverside Line on this corridor with approximately 12 trains per weekday. There is no weekend passenger rail service on this corridor and there are seven stations. The UP El Paso line heads south through Imperial County, towards Yuma, Arizona, and the eastern side of the Salton Sea. December 2019 Page 196 RIVERSIDE COUNT' TRANSPORTATION COMMISSION g LRTS LONG RANGETRANSPOINATON STUDY Figure 28 — Riverside County Freight Rail Corridors r 1 r' �yQNIf W.R J IN l#MAIN • I Q UP LA Sub UP El Paso Line — — - BNSP Transom Freight Rail Network { Cities OFRIVERSIDE COUNTY TRANSPORTATION COMMISSION North December 2019 Page 197 RIVERSIDE COLINTY TRANSPORTATION COMMISSION Figure 29 — Riverside County Major Truck Routes INRIVERSIDE COUNTY TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY December 2019 Page 198 Riverside County Transportation Commission Riverside County Long Range Transportation Study Trucking Of the more than 1.1 million daily truck trips in Southern California in 2012, approximately 8.2% (95,124) occur in Riverside County (SCAG 2013). While the majority of these 95,124 trips are moving goods internally (within the county), approximately 5,200 are external, port, intermodal, or secondary trips. There are seven (7) primary goods movement routes through Riverside County, including three (3) interstate highways (1-10, 1-15, and 1-40) and four (4) state routes (SR-60, SR-86, SR-91, SR-215) which cover a total of 313 miles, or approximately 21% of Southern California's total primary freight network (SCAG 2016). Figure 30 displays trucking corridors and major bottlenecks located in Riverside County. Of the eight primary goods movement routes in Riverside County, one has been identified as a high priority truck bottleneck location in the SCAG Regional Transportation Plan (SR-91 at 1-15). The SCAG's 2016 RTP/SCS identified approximately $5 billion to relieve goods movement bottlenecks from now to 2040. Additionally, on routes that experience high trucking volumes, pavement degrades at a higher rate, resulting in the need for more frequent maintenance and increased costs. Both bottleneck relief strategies and highway maintenance will remain important considerations moving forward to improve operations and goods movement corridors. Major Intermodal Centers There are three major intermodal centers within Riverside County: ✓ Tri-Rail Distribution Services (Rail and Truck, City of Riverside): connections to 1-215, SR-60, Transcon. ✓ Ancon Transportation (Rail and Truck, City of Riverside): connection to 1-215, SR-60, UP, Transcon, El Paso Line. ✓ National Distribution Centers (Rail and Truck, City of Corona): connections to SR-91, Transcon. Additionally, there are 20 intermodal centers within 15 miles of Riverside County, of which 16 are to the north in San Bernardo County, two (2) are northwest in Los Angeles County, and two (2) are to the west in Orange County. These have connections to major trucking routes and freight rail corridors that enter Riverside County, including SR-60, SR-91, 1-10, 1-15, 1-215, the UP El Paso Line, the UP LA Sub Line, and the BNSF Transcon. Any volume increases occurring at these centers over time are likely to result in increased freight rail and trucking traffic in Riverside County. Figure 31 displays Riverside County goods movement network showing intermodal facilities. Grade Separation Projects In recent years, approximately $500 million in funding has been invested to address conflicts between rail and highway traffic in Riverside County, primarily through providing grade separations at rail crossings. In 2006 and again in 2008, RCTC developed funding strategies to support the construction of many of these grade -separations. In March 2012, RCTC adopted the Grade Separation Priority Update Study for the ACE Trade Corridor (Riverside County). This study identified priority grade separation projects based on methodologies for safety evaluation, rail crossing delays, vehicle emissions, noise impacts, distance to nearest grade separation, local agency priority, project readiness, and isolated locations (RCTC 2012). December 2019 Page 199 RIVERSIDE COUNTY TRANSPORTATION COMMISSION f LRTS LONG RANGE TRANSPORTATION STUDY Figure 30 — Riverside County Trucking Corridors and Major Bottlenecks 1 Cities Freight Trucking Route • Truck Bottleneck PERIVERSIDE COUNT' TRANSPORTATION COMMISSION North December 2019 Page 1100 RIVERSIDE COUNT! TRANSPORTATION COMMISSION g LRTS LONG RANGETRANSPOIMATON STUDY Figure 31— Riverside County Goods Movement Network Showing Intermodal Facilities - Major Truck Route - Highways UP LA Sub UP El Paso Line — — - BNSF Transcon Freight Rail Network • Intermodal Freight Facilities VS..:: i RIVERSIDE COUNTY TRANSPORTATION COMMISSION North VRFI{ IFCNN'V/OW(L MC December 2019 Page 1101 Riverside County Transportation Commission Riverside County Long Range Transportation Study In the 2012 Grade Separation Priority Update Study for Alameda Corridor East, RCTC identified 18 high priority crossings of the 46 remaining at -grade crossings located on the UP and BNSF main lines in Riverside County (16 in Western Riverside County and 2 in Coachella Valley). These projects were recommended to SCAG for inclusion on its constrained projects list based on the criteria (safety evaluation, rail crossing delays, vehicle emissions, noise impacts, distance to nearest grade separation, local agency priority, project readiness, and isolated locations). Riverside County Priority Grade Separation Projects can be found in Chapter V. Funding commitments are currently being secured; however full funding for the majority of the 18 projects will require a significant amount of future funds. Other grade separation projects recently completed include: ✓ Magnolia Avenue (County) ✓ Sunset Avenue (Banning) ✓ Clay Street (Jurupa Valley) ✓ Avenue 56/Airport Boulevard (County) The recently completed March Inland Cargo Airport 1-215 Van Buren Ground Access Improvement project was also a key infrastructure improvement serving a large job center located in the county at the March Joint Powers Authority re -use area, estimated to create 38,000 jobs in the industrial, logistics, and medical sectors. Major Commodities and Volumes Moved Nearly half of the goods entering California enter through the Ports of Los Angeles and Long Beach. Of these, 77% pass through Riverside County, with 65% moving by rail and 35% by truck. Using these figures, approximate values of major commodities moving through Riverside County by rail and truck have been calculated from US North American Free Trade Agreement Freight Volumes for California. The results for the major commodities moved by rail and truck in Riverside County are shown below in Figure 32 and Figure 33. December 2019 Page 1 102 RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Figure 32 — Major Commodities Moved by Rail in Riverside County Plastics and Articles 3% I norganic Chemicals... Animal or Vegetable Fats and Oils 4% Salt; Sulfur; Plaster and Cement 4% Mineral Fuels; Oils and Waxes 10% Wood and Articles 12% rganic Chemicals 2% Paper and Paperboard 1% Vehicles Other than Railway 38% Food Residues and Waste 23% Figure 33 — Major Commodities Moved by Truck in Riverside County Computer -related Machinery and Parts 4% Meat and Edible Offal 5% Plastic and Articles 5% Woods and Articles 7% Electrical Machinery; Equipment and Parts 7% Paper and Paperboard 4% Vehicles Other than Railway 16% Furniture; Lamps and Prefabricated Buildings 4% Edible Vegetables and Roots 25% Edible Fruits and Nuts 23% December 2019 Page 1103 Riverside County Transportation Commission Riverside County Long Range Transportation Study Aviation Palm Springs International Airport Location and Access Palm Springs International Airport is Riverside County's only commercial airport, located 2 miles east of downtown Palm Springs (Figure 34). It serves as the major commercial and general aviation air transportation center for Coachella Valley. The airport is highly seasonal, with most flights operating during the winter, and is driven by the tourism industry. Tourism in Greater Palm Springs has been steadily increasing, with an estimated 12.9 million day and overnight visits in 2015, up 6.1% from 2013, and this trend is expected to continue (Greater Palm Springs, 2015). Ground transportation to the airport includes vehicle access from the CA-111, and to I-10 approximately five (5) miles south. Transit access is available via Sunline Transit Agency and Amtrak. Additional ground transportation options include: ✓ Personal vehicle (1,933 parking spaces available) ✓ Car rentals ✓ Services for Disabled or Seniors ✓ Limousine, Luxury Sedans, Vans, & Coaches ✓ Shuttle Companies ✓ Taxi Companies ✓ Bus Companies ✓ Bus -to -train (Amtrak) ✓ Transportation Network Companies (like Uber and Lyft) provide service to the airport on an operator permit program' Additionally, there are 209 employee parking spaces available. Pedestrian facilities such as sidewalks and crosswalks are available for pedestrians moving between parking lots and terminals, but it is not convenient to arrive at the airport by foot or bicycle. Airport Characteristics and Usage The airport has a main passenger terminal and complex with two passenger concourses and two (2) fixed -based operators, providing a wide range of aviation services on two runways. In 2016, the airport averaged 153 operations per day, of which 33% were transient general aviation, 28% were air taxi, 27% were commercial, 9% were local general aviation, and 3% were military. In all, these trips generated an approximate 2.1 million visitors in 2017, a 5% increase over the previous year (City of Palm Springs 2018). While mode split data is not available for the airport, journey to work data from 2016 for Palm Springs indicates that the majority of trips in Southern California (76%) are made by car, suggesting that approximately 1.5 million of the annual visitors at Palm Springs International Airport arrive and depart by car. 9 In December 2017, the Palm Springs city council voted to allow TNC to provide services at the airport terminal if drivers undergo the same background check process and drug and alcohol testing that taxis are subject to. December 2019 Page 1104 RIVERSIDE COUNT! TRANSPORTATION COMMISSION 9. � � wP Figure 34 — Palm Springs International Airport Location 1NFRIVERSIDE COUNTY TRANSPORTATION COMMISSION LRTS LONG RANGE1RONSPORf6TON STUDY IVRPrl IFd-N .'0161E1 r.r December 2019 Page 1105 Riverside County Transportation Commission Riverside County Long Range Transportation Study Recent Improvements and Planned Upgrades The Palm Springs International Airport Master Plan, approved in 2015, outlined several key improvements aimed at increasing airport capacity and safety, and improving user experience. Improvements germane to the ambient transportation network include increasing parking availability for employees, rental cars, and the public (City of Palm Springs 2015). The City of Palm Spring's current focus for the airport is to improve employee and passenger transportation and tourist transportation to resort destinations nearby. Given the expected continual increase in passenger volumes at the airport, there is the potential for increased congestion on highways and crowding on public transportation near the airport. March Air Reserve Bas€ The March Air Reserve Base (March ARB) is operated as a public -use airport under a Joint Use Agreement with the U.S. Air Force. As shown in Figure 35, March ARB is located between the Cities of Riverside and Moreno Valley, in Western Riverside County, and is approximately 65 miles east of Los Angeles. Regional access is provided by 1-215, which runs in a north -south alignment directly west of the airport, and SR-60, which runs in an east -west alignment north of the airport. Ground access to airport facilities is provided by Cactus Avenue. Recent and planned improvements to Heacock Street and Harley Knox Boulevard will facilitate ground access to the airport, particularly for trucks. The Moreno Valley/March Field Station on the Perris Valley Line extension of the Metrolink 91 Line is located near the entrance to the airport. Airport Characteristics and Usage The March ARB has two paved runways, with capacity for up to 21,001 operations (take -offs and landings) per year, but as of 2010 was realizing less than 4,000 per year. Along with increasing demand for air cargo in Southern California, there are several factors that may increase traffic at March ARB. Firstly, there is land and capability to construct space for high-tech manufacturing and distribution centers with intermodal capabilities. Secondly, the March ARB recently partnered with DHL in a 16- year operating agreement to run a domestic cargo distribution system, which is currently running 8 flights per day, but with plans to increase to 12 per day, including several international flights, over the course of the agreement. Thirdly, in terms of passenger traffic, the SCAG 2016 RTP/SCS forecasted that March ARB could reach as many as 200,000 annual passengers by 2040. The airport is also still used extensively for military operations (March Joint Powers Authority, 2018). The land surrounding the airport has been planned and developed to ensure land use compatibility with the operation and potential expansion of the airport. December 2019 Page 1106 RIVERSIDE COUNT! TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Figure 35 — March Air Reserve Base Location December 2019 Page 1107 Riverside County Transportation Commission Riverside County Long Range Transportation Study The airfield has a fire station, fuel facilities, and more than one million square feet of ramp area that can accommodate aircrafts of up to 900,000 pounds. There is a new executive terminal which was completed in 2015. Airspace around the site is uncongested as the arrival and departure routes are not shared by other airports in the region (March Joint Powers Authority, 2018). Recent Improvements and Planned Upgrades In recent years, more than $28 million in federal funding has been granted to March ARB, and it has been designated as a "reliever airport" in the Federal Aviation Administration's National Plan of Integrated Airport Systems. Funds will be used for rehabilitation of existing infrastructure and construction of new infrastructure for civilian aviation (March Air Reserve Base, 2010). It is anticipated that the March ARB will continue to be eligible for federal and state funding and will continue to expand and accommodate additional air cargo (March Joint Powers Authority, 2018). The Los Angeles International Airport has been experiencing increased delays in air cargo handling due to congestion, and March ARB has the potential to absorb excess volume. Increased air cargo volume is likely to impact both on site employment and increase freight traffic to and from the site. While recent improvements to 1-215 have been made, it is likely that there will be a need for continued investment in ground transportation systems to accommodate increasing volumes at March ARB (March Air Reserve Base, 2010). Mobility Innovations Technological advancements in mobility are expanding at an exponential rate, transforming mobility trends and travel patterns. Since smartphones have entered the market their effects on people's daily activities have become profound. Mobility Innovations are both enabling and challenging. An example of an enabling technology is the infusion of information in bike sharing programs, which has existed for years. A new bike share model (dockless bike share) is emerging in cities across the country which allows users to rent a bike through a smart -phone application, and park it when their ride ends. This model of shared mobility is also seen with the introduction of electric scooters. Transportation Network Companies (TNCs) such as Uber and Lyft, which have created a new market, are profoundly changing the existing Taxi market but can serve as viable solutions for first/last mile trips. Technologies and emerging mobility trends must be considered as Riverside County develops its LRTS. The 2016 SCAG RTP/SCS placed a great emphasis on mobility technology/innovation strategies in supporting its goals and objectives. Whether it be deciding on the type of technology included in infrastructure projects or selecting the types of analysis and planning used to plan for system improvements, or guidance on local mobility and land use planning decisions, mobility innovations are key components in multimodal mobility planning. December 2019 Page 1 108 Riverside County Transportation Commission Riverside County Long Range Transportation Study Smart Cities "Smart Cities" are cities that leverage information and communications technology to more intelligently and efficiently use resources to deliver its services. Smart Cities take the approach of applying technology to manage an ecosystem of civic resources including transportation systems, telecommunications, utilities, health and human services, public safety, and other community services. They provide a system philosophy that integrates mobility innovations within its management framework to improve efficiency. Example Smart Cities in Southern California include the City of Riverside. SmartRiverside is a nonprofit coalition of partners whose vision is to establish the City of Riverside as an internationally recognized center for innovation. Its goals are to: ✓ Attract and retain High Technology companies in the City of Riverside. ✓ Increase the technology literacy of the City of Riverside through Digital Inclusion. ✓ Identify new programs to foster technology innovation and use in the City of Riverside. Mobile Phones Examples of mobile applications in use in Riverside County include MetroLink and Riverside Transit Agency (RTA). Both apps provide information on schedules and related information on riding transit. The MetroLink app also allows riders to purchase tickets through the app without the need to purchase a paper ticket and allows for Metro subway transfers. Recent percentages of tickets purchased through the Metrolink app range from 40-46% and climbing. Bike Share/Scooters Bike sharing programs increase cycle usage including first/last mile connection to transit and replacing short auto trips (1-3 miles) resulting in decreasing greenhouse gases and improving public health. Bike Share Programs involve the deployment of stations situated throughout a service area with participants paying a fee to check bicycles in and out of the stations. It is used in dense urban environments, for commuting, or in locations with strong potential for bicycling such as areas with parks, recreational destinations, or other land use supportive of bicycling. However, like all asset programs bike shares need to be properly managed: enforcement against theft and vandalism, repair, operations and maintenance are all aspects of a successful Bike Share Program. The City of Riverside launched an electric bike share program in November 2018 and the City of Moreno Valley completed a bike sharing demonstration project in 2017. Neighborhood Electric Vehicles Neighborhood Electric Vehicle (NEV) is a federally designated class of roadway passenger vehicle usually designed to have a top speed of 25 miles per hour that can be operated on any public roadway with a posted speed limit of 35 mph or lower. Most NEVs look like golf carts but they must meet enhanced safety regulations and operators must be licensed and insured. While most local trips in Riverside December 2019 Page 1 109 Riverside County Transportation Commission Riverside County Long Range Transportation Study County are within the operating range of NEVs, full sized automobiles typically fill this role. To date, NEVs have become popular primarily in retirement communities and areas with large populations of senior citizens. Because NEVs are restricted from operating on wider, higher speed arterials, many areas would need to plan for construction of NEV-friendly road infrastructure. Key barriers to adoption of NEVs are the price and quality of commercially available NEVs. Coachella Valley Association of Governments (CVAG) has made NEVs a cornerstone of their mobility strategy, including their CV Link NEV/Active Transportation Corridor. RCTC Supportive Actions to Support Mobility Innovations RCTC should continue to be supportive of mobility innovations and support goals and policies that will ensure a safe and efficient transportation system for Riverside County. Consider the following actions: ✓ Support communication technologies in gathering data and managing traffic on arterial corridors to make useful information out of 'Big Data' — anonymized real-time geospatial locational data on motor vehicles. ✓ Plan supportive ACV infrastructure and assess the costs and benefits of ACV -related projects as markets develop. ✓ Engage ACV stakeholders in order to stay informed about industry best practices and options for application in Riverside County. ✓ Use data collection opportunities to maintain a broad understanding of the transportation system and its issues and opportunities. ✓ Assess possible changes in agency roles and/or new skill requirements that will aid in incorporating mobility innovations. December 2019 Page 1110 Chapter V Riverside County in The Future — Multimodal Transportation System RIVERSIDE COUNTY TRANSPORTATION COMMISSION Riverside County Transportation Commission Riverside County Long Range Transportation Study Chapter V. Riverside County in The Future — Multimodal Transportation System Highways and Major Roadways Highways The LRTS calls for a number of new highways, major roadways, and lane additions to existing facilities. Key projects include the following: ✓ Mid County Parkway, a proposed six -lane freeway between 1-215 and SR-79. ✓ SR-79, a proposed new 4-lane freeway between Gilman Springs Road and Domenigoni Parkway. ✓ The Community Environmental Transportation Acceptability Process (CETAP) Corridor between I- 15 and 1-215 which could be built as a freeway or an arterial roadway. ✓ 1-10 truck lane between the San Bernardino County Line and SR-60. ✓ SR-60 truck lane currently under construction between Gilman Springs Road and 1-10. ✓ I-15/French Valley Interchange project which includes the addition of various general-purpose lanes between Jefferson Street and Ynez Road. ✓ SR-71 widening to include two general-purpose lanes between the San Bernardino County Line and SR-91. Additional details regarding key projects are shown in Table 29. Managed Lanes The planned future lane -mile capacity additions to the current highway system are focused on managed lanes. Managed lanes account for half of the planned future growth in highway lane -miles in the County, including the 1-15 Express Lanes Southern Extension and High Occupancy Vehicle (HOV) lanes on 1-15 and 1-215. RCTC has also identified potential new express lanes for further review from its Next Generation Toll Feasibility Study. The planned highway projects and potential express lanes are shown in Figure 36 and a description of potential express lanes projects can be seen in Table 30. December 2019 Page 1112 RIVERSIDE COUNT! TRANSPORTATION COMMISSION g A w� LRTS LONG RANGE1RONSPORf6TON STUDY Table 29 — SCAG 2016 RTP/SCS 2040 Plan: Highest Cost Riverside County Roadway Projects ROUTE NAME FROM TO DESCRIPTION COMPLETION YEAR PROJECT COSTS ($1,0005) CETAP East-West Corridor 1-15 1-215 CETAP: Provide new East-West Transportation Corridor Between I- 15 In the west, 1-215 In the east, south of Lake Memphis in the north, and SR-74 in the south. 2045 $2,367,661 Nid County Parkway I-215in Perris 5R-79In San Jacinto In Western Riverside County New Mid County Parkway: Construct 6 through lanes (31anes in each direction); Approximately 16 miles between I-215 in Perris east to5R-79 in San Jacinto, including construction/reconstruction of 13 interchanges, addition of auxiliary lane Redlands -Evans& EB auxiliary lane Evans -Antelope. I- 215 Improvement: add 1 mixed -flow lane in each director Nuevo Road -Van Buren Blvd., & 1 auxiliary lane in each direction Mid County Parkway Cajalco/Ramona Expressway and from Mid County Parkway -Nuevo. 2030 $1,691,500 SR-79 2.01(MS/0 ❑omenigoni Parkway Gilman Springs Road On SR-79 in Southwestern Riverside County between 2.0 kilometers south of Domenigoni Parkway to Gilman Springs Road; realign and widen SR-79from 2to4through lanes. 2035 $1,523,000 SR-91 SR-241 Pierce On SR-91/1-15: SR-91- add 1 mixed -flow lane each direction (SR- 241- SR-71). 2035 $260,000 15 SR-74(PM 22.3) To Junction 1-15/ 1-215 (PM8.7) Construct 2 HOV lanes (1 lane each direction) from SR-74(PM 22.3) to Junction 1-15/1-215 (PM 8.7). 2039 $375,664 1- 10/SR- 60 J CT/ SPLIT I-10/SR-60 JCT/ 'SPLIT Construct new interchange 2030 $282,443 December 2019 Page 1113 RIVERSIDE COUNT! TRANSPORTATION COMMISSION g LRTS LONG RANGE1RONSPORf6TON STUDY Table 30 — Potential Express Lanes Projects ROUTE NAME FROM TO DESCRIPTION COMPLETION PROJECT COSTS YEAR ($1,0005) I-15 Existing: 1-15in Riverside County: construct 4 Toll Express Lanes (TEL) (2TEL each direction) from SR-60 (PM51.4) to Hidden Valley Parkway (PM42.9) and construct 2TEL (1TEL each direction) from Hidden Valley Parkway (PM42.9) to Cajalco Road (PM36.8). Advance signage will be installed at the south end between PM 51.4 (SR-60) TO PM 1.3 in San Bernardino County. Revised: 1-15 in Riverside County: construct 4TEL(2TELeach direction) from SR-60 to Cantu-Galleano Ranch Road, from Hidden Valley Parkway to the end of SR-91TEL, and from El Cerritos Road to Cajalco Road advance signage will be installed at the south end between PM 34.7 to PM 36.6 (Cajal co Road) at the north end between PM 34.7 to PM 36.6(Cajalco Road) & at the north end between PM 51.4(SR-60) to PM1.3inSBCO. 2020 $472,000 1-15 Cajalco Road (PM36.8) 5R-74 (PM 22.3) Construct 4TEL (2TEL in each direction) from Cajalco Road (PM 36.8) to 5R-74 (PM 22.3). 2028 $544,000 SR-91 SR-241 Pierce On SR-91/1-15: SR-91- add 1 mixed -flow lane each direction (SR- 241- SR-71). 2035 $260,000 SR-60 1-15 -215/SR-91 IC Construct 2 Express Lanes (1 lane EA DIR) From 1-15to 1-215/5R-91 Interchan:e 2033 $187,000 5R-91 1-15 1-215/5R-60 IC Construct Express Lanes (1 lane EA DIR) From 1-15to I-215/SR-60 Interchange 2030 $262,000 SR-60/1-215 SR-60/1-215 I-215/Van Buren; 5R-60/Gilman Springs Construct4lExpress lanes (21ane EA DiR) 5R-91/5Ft-60/i-215 Interchange to SR-60/1-2151C. Construction 2 Express LNs (1LN EA DIR) From SR-60/i215ICto Gilman Springs Road (SR-60). Construct 2 Express Lns (1 LN EA DI R) From 5R-60/12151C to Van Buren Blvd (I- 215). 2028 $429,000 December 2019 Page 1114 RIVERSIDE COUNTY TRANSPORTATION COMMISSION o LRTS LONG RANGE TRANSPORTATION STUDY Figure 36 — 2040 Plan Future Highway and Potential Express Lanes Projects I. limegnial fer O---Th PA VALLEY _.._,FDRtI + e r CALI M � ' it "°� � ` !S�:—� . 1.1.0 T , me I �� 'R��-7v�' .� qr� DESERT OTSPRINGS u �L .. �I L- --Li, RIVERSIDE CD ^-gANNINGL NORCO MOR ENA VALLEY �y �7� I Y I i �M--,r+ --J �.t� �7 BEAUMONT� 1s C6RONA s � 1 L • If g, ,,, ,J 1�'� iy CATHEDRAL f��i •\•5AN FACINTO �• PALM 5PRIN I CITYr L �� L ® 1 u' 1-� PERME-Lj RANCHO MIRAG• PALM DESERT l 1 ri I " J Pi I- J HEM ET 1..� 1 I L M'-"\_T-1 _� l'InDIo: I CANYOH LAKE MCh IFCC 7 Ss. le... PO _ IAN WELLS _ COACHELLA a.�Tw E aslxoR� -. •� 44 WILOMAR b Ti P Y~` ti MU RRIETA L �+ I� LA 4�INTA Q --� Cam' as _ t S , 1-1 '•4 G{Y 65 / `-fS 'TEMCC 4 } 77 ^..- Legend -----1 Fes- �f Exnress_Lanes .^,, Potential Express Lanes s Is am...r NMI Ta. 1.13,,,,ep,a,. ,111HOV Lanes cs...a r RIVERSIDE COUNTY TRANSPORTATION COMMISSION )L OF North IVRP4 IIfrwaouff IW December 2019 Page 1115 Riverside County Transportation Commission Riverside County Long Range Transportation Study Next Generation Toll Feasibility Study RCTC's Next Generation Toll Feasibility Study (2019) examined potential new and/or expanded express lane facilities within Riverside County. In Phase One of the Study, 16 potential express lane corridors were identified and analyzed for financial feasibility. This resulted in the identification of four corridors (Top Tier Corridors) that were further analyzed during Phase Two of the study. The Top Tier Corridors identified in the Next Generation Toll Feasibility Study included the following: ✓ SR-91 from 1-15 to SR-91/I-215/SR-60 Interchange (14 miles) ✓ SR-60 from 1-15 to SR-91/I-215/SR-60 Interchange to 1-215 (10 miles) ✓ I-215/SR-60 from SR-91/I-215/SR-60 Interchange to Gilman Springs Road (15 miles) ✓ I-215/SR-60 from SR-91/I-215/SR-60 Interchange to Gilman Springs Road (19 miles) The results of the detailed analysis showed that all four of the Top Tier Toll Corridors have some level of financial feasibility, which is defined as the ability to cover all operating costs. Therefore, these corridors could all be candidates for future express lanes facilities depending on the availability of non - toll revenue funding to support capital costs. Caltrans District 8 Managed Lanes Feasibility Study will also further review these corridors as potential managed lanes Arterial Roadways Based on SCAG's 2016 RTP/SCS, a summary of the 2016, Baseline and Plan 2040 roadway lane miles are provided for the three sub -regions in Figure 37. Total roadway facility lanes miles in Riverside County will increase about 2% from 2016 to Baseline 2040. Under the Plan 2040, the total lane miles are expected to grow by approximately 20%. The Baseline 2040 scenario includes mostly projects included in SCAG's Federal Transportation Improvement Program (FTIP) for Riverside County, which are projects programmed in the first six years of the RTP. These projects mostly have committed funds within the next five years. The Plan scenario includes additional financially constrained and unconstrained (strategic plan) for Riverside County over the next 20+ years as shown in Figure 38 to Figure 41. Baseline 2040 includes approximately two hundred roadway/highway projects. Plan 2040 has approximately 600 additional projects. The SCAG's 2016 RTP/SCS highest cost roadway projects in Riverside County are shown above in Table 29. 1:^1 &As7 frIvirside sRCCHO MONT' December 2019 Page 1116 RIVERSIDE COUNTY TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Figure 37 — Roadway Facility Lane Miles 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 A • 2016 Baseline 2040 Plan 2040 2016 Baseline 2040 Plan 2040 2016 Baseline 2040 Plan 2040 WRCOG CVAG Palo Verde ■ Freeway/Toll ■ HOV ■ Arterials ■ Collectors December 2019 Page 1117 RIVERSIDE COUNTY TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Figure 38 — Baseline 2040 Projects (Western Riverside County) OFRIVERSIDE COUNTY TRANSPORTATION COMMISSION North rEcaMNorocrFalNc. December 2019 Page 1118 RIVERSIDE COUNTY TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Figure 39 — Baseline 2040 Projects (Eastern Riverside County) CATHEDRAL CITY DIAN WELLS- -71 1 'INDIO1`COACH ELLA 4; LA�TAJ � r _r Ili OFRIVERSIDE COUNTY TRANSPORTATION COMMISSION L� J North Y RPA TECHMOWGIES. INC. December 2019 Page 1119 RIVERSIDE COUNTY TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Figure 40 — Plan 2040 Projects (Western Riverside County) •1� '•, - y�.�r �.A C. 115FRIVERSIDE COUNTY TRANSPORTATION COMMISSION North b YRPQ TECNN'OlOGIES.IMC. December 2019 Page 1120 RIVERSIDE COUNTY TRANSPORTATION COMMISSION LRTS LOND RANGE TRANSPORTATION STUDY Figure 41— Plan 2040 Projects (Eastern Riverside County) Be,.,.io . LDDEES' rSERT HOT SPRING + „ r _1 •THEDRAL CITY PALM I 1 RANCH MIRAGE ,PALM DESERT DIAN WELLS INDIO. S»..v�end, AFL ti II COALHELLA= LA qU I NTA I ��. Li-` OFRIVERSIDE COUNTY TRANSPORTATION COMMISSION r '3 VRPd TECHNOIOeremC. December 2019 Page 1121 Riverside County Transportation Commission Riverside County Long Range Transportation Study Transportation System Preservation As population and employment growth increased over the years in Riverside County, the transportation infrastructure has come under significant stress. At the same time, decades of underinvestment in maintaining and preserving the multimodal system under increased travel demand, has resulted in aging and stressed roadways, highways, bridges, bicycle and pedestrian facilities. The overall transportation infrastructure system continues to rapidly deteriorate and deferring maintenance will put more pressure on the system, compounding the problem. As the maintenance and preservation of the existing systems are delayed, the cost of repairs will increase exponentially. Furthermore, poor roadway quality results in additional vehicle maintenance cost. It is estimated that poor quality roadways cost users about $700 per household per year and with over 700,000 households in Riverside County, the increased household cost is $490 million per year. According to SCAG's 2016 RTP/SCS, Riverside County has 480 lane miles of distressed state highways, 40% of which are categorized as in major structural distress. RCTC, in collaboration with Caltrans, should place a high priority on investing in the maintenance and preservation of the multimodal transportation system by adopting "Fix -it -First" as a key strategy in the LRTS. Operational Efficiency Full utilization of transportation infrastructure requires operational efficiency. As described in Chapter IV, operational efficiency strategies are designed to optimize the transportation system throughput by managing vehicle demand and delays to improve reliability and safety. Strategies to optimize operational efficiency and productivity of the transportation system include: ✓ Corridor System Management Plan (CSMP) ✓ Integrated Corridor Management (ICM) ✓ Express Lanes A CSMP is a multi -jurisdictional and multimodal plan to improve traffic operation and management along a travel corridor experiencing regularly recurring delay and congestion. A CSMP results in a list of recommended specific operational improvements along with a phasing plan. These strategies may include intelligent transportation systems (ITS), transportation system management (TSM), incident management, and roadway improvements such as construction of auxiliary lanes and various interchange improvements. There are currently four CSMPs prepared by Caltrans in Riverside County: ✓ 1-10 San Bernardino County line to SR-60 ✓ 1-215: 1-15 in San Bernardino County to 1-15 in Riverside County ✓ SR-91: Orange County Line to I-215/SR-60 ✓ 1-15: San Diego County line to San Bernardino County line In addition, SCAG, RCTC and the San Bernardino County Transportation Authority (SBCTA), working in partnership with Caltrans District 8 have initiated Inland Empire Comprehensive Multimodal Corridor Plans (IE CMCPs), one focused on east -west flows of people and goods and the other on north -south flows. The geographic areas to be covered may be refined as part of the study, but they generally would cover the areas shown in Figure 42 and Figure 43. The IE CMCPs will further address operational efficiency and system productivity projects. December 2019 Page 1122 RIVERSIDE COUNT! TRANSPORTATION COMMISSION 9 A w� LRTS LONG RANGETRANSPOIMATON STUDY Figure 42 - Inland Empire East-West Multimodal Corridor Inland Empire East-West Multi -Modal Corridor OFRIVERSIDE COUNTY TRANSPORTATION COMMISSION aim t�RP.4 TFCHNOIOGInINC December 2019 Page 1123 RIVERSIDE COUNT! TRANSPORTATION COMMISSION ,A5 if! LRTS LONG RANGE1RONSPORf6TON STUDY Figure 43 - Inland Empire North -South Multimodal Corridor Inland Empire North -South r Multi -Modal Corridor OFRIVERSIDE COUNTY TRANSPORTATION COMMISSION North Y RP- TECNNOlOG1ES 1MC. December 2019 Page 1124 Riverside County Transportation Commission Riverside County Long Range Transportation Study The Integrated Corridor Management (ICM) initiative was first introduced by the US Department of Transportation (USDOT) in 2006. The vision of ICM is that multimodal transportation networks (including freeways, arterials and transit) will realize significant improvements in the efficient movement of people and goods when all elements within a corridor are proactively managed and are able to communicate. Key ICM strategies are: ✓ Arterial signal coordination ✓ Dynamic traffic re-routing due to incidents or events ✓ Ramp Metering ✓ System Coordination between Caltrans and local jurisdictions ✓ Traveler information exchange Most ICM strategies have focused on improving passenger travel with less emphasis in freight corridors. Since freight movement is a key challenge, the ICM strategies need to strongly consider and emphasize the freight movement conditions, opportunities and strategies. As connected and automated vehicles move into the mainstream, infrastructure improvements to enable communication to vehicles from an ICM will be needed. RCTC supports the goals and policies to ensure a safe and efficient transportation system for Riverside County. The following actions are recommended: ✓ Identify the potential ICM corridors ✓ SR-60 as a Freight ICM corridor ✓ Work with SCAG on updating the Inland Empire ITS Architecture Plan Transportation Safety The concept of Transportation System Safety focuses on improving the safety for all users by protecting persons and properties from unintentional damage or destruction caused by a collision or natural disaster. To adequately address transportation safety in the Riverside County, data from the California Highway Patrol (CHP) and vehicle miles of travel (VMT) data obtained from Caltrans' Performance Measurement System (PeMS) were analyzed for Riverside County. As illustrated in Figure 44, the number of all various types of incidents have increased from 2010 through 2017. This also closely corresponds to the VMT increase during the same period as shown in Figure 45. As the VMT are expected to grow in the future, the number of incidents is expected to grow as well. In an effort to reduce and mitigate the effects of accidents/incidents on traffic flow and efficiency, it is recommended that the four "E"s of transportation safety — engineering, enforcement, education and emergency response — become an integral part of the transportation safety program for Riverside County. The safety program should also support the Toward Zero Deaths (TZD) vision, a national strategy on highway safety that provides a framework for traffic safety planning efforts. In 2015, the California Department of Transportation released an update to the Strategic Highway Safety Plan (SHSP) which includes the following goals: ✓ A 3% per year reduction for the number and rate of fatalities; and ✓ A 1.5 % per year reduction for the number and rate of severe injuries. December 2019 Page 1125 RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Figure 44 - Incidents 20,000.00 15,000.00 10,000.00 5,000.00 0.00 1 4MIN • mar accident breakdown hazard other ■ 2010 ■ 2013 ■ 2017 Source: California Highway Patrol Figure 45 —Annual Vehicle Miles Traveled VMT(xMillians) 15,000 14,000 13,000 12,000 11,000 10,000 9,000 8,000 7,003 6,000 2010 2011 2012 2013 2014 2015 2016 Source: Caltrans Performance Measure System (PeMS) December 2019 Page 1 126 Riverside County Transportation Commission Riverside County Long Range Transportation Study Closing Gaps and Multimodal Corridor Improvements SCAG's 2016 RTP/SCS Plan 2040 includes approximately 700 highway and arterial projects in Riverside County of which approximately 200 are Federal Transportation Improvement Programs (FTIP) projects (projects in the first six years of the RTP/SCS) as shown in Figure 46. To identify the deficiencies in the system, the level -of -service (LOS) as defined by the ratio of traffic volumes to roadway capacity (V/C) analyses were performed for the PM peak period for the Baseline 2040 (only FTIP projects) and Plan 2040 (projects beyond the six -year FTIP period). The results are exhibited in Figure 47 and Figure 48. The AM peak period LOS analysis exhibited similar patterns of congestions as the PM peak period. The Plan 2040 projects greatly improve the traffic flow and LOS in the County. There are still four corridors where LOS falls in the E or F categories (V/C > 1.0) as shown in Figure 49: ✓ SR-91 from Serfas Club Drive to Pierce Street ✓ 1-15 from SR-74 to SR-91 ✓ SR-60 from Valley Way to SR-60/I-215 Interchange ✓ SR-79 from Ramona Parkway to 1-10 These corridors along with others will be further studied and analyzed as part of the multimodal IE CMCPs. CETAP Considerations The Community Environmental Transportation Acceptability Process (CETAP) was created during development of the Riverside County Integrated Plan (RCIP) and it continues to be part of the County's planning process through inclusion in the County's General Plan Circulation Element. Four major transportation corridors were identified as part of CETAP that continue to be include in the County's planning process: ✓ Moreno Valley to San Bernardino ✓ East-West Corridor ✓ Winchester to Temecula ✓ SR-79 Realignment Study Area These four corridors are in various stages of the planning process. The Moreno Valley to San Bernardino CETAP corridor and the SR-79 Realignment Study Area remain on the County's Circulation Element. The Moreno Valley to San Bernardino corridor is being further studied by the County of Riverside. The environmental document for the SR-79 Realignment project was completed December 2016 and includes the southern portion that is part of the SR-79 CETAP corridor. These two corridors pose many challenges from an environmental, feasibility, and funding standpoint. Further analysis will be required to focus on phasing the project and identifying the most critical segments that meet independent utility and logical termini criteria. December 2019 Page 1127 RIVERSIDE COUNT' TRANSPORTATION COMMISSION 9. A w� LRTS LONG RANGETRANSPOrATION STUDY Figure 46 — Plan 2040 Projects 'EASTVAL CALI M E5A OR ENA V I r N Ill RU PA VALLEY RIVERSIDE lORiO�r.� OFRIVERSIDE COUNTY TRANSPORTATION COMMISSION BANNING yMB-EAUMONT � r SAN JACINTO, HEM FAVt BERT an -SPRINGS 1 • TH EORAL CITY PALM 56itIN LYRANCHO MI••�1 PAiM DE5ER _ [. N�DIA.N(W El'I N 01 \ �A CELHNTA -�• M �SA E }yCALISA MORENAVALLEY • ' � •r MCNIFI7 " CANyQk LANC C. gS1NQRC WILDOMAR ILPRI TEM CC II A • SAN IACI NT OACHELLA North LA CkL, I NTA Vie PA PTCHNOrocwtS 1xc December 2019 Page 1128 RIVERSIDE COUNT! TRANSPORTATION COMMISSION 9. Are, 4, 6P LRTS LONG RANGE1RONSPORf6TON STUDY Figure 47 — Baseline 2040 PM Peak Period Level of Service illarRIVERSIDE COUNTY TRANSPORTATION COMMISSION North • ,.. in en m �• ah...S youfiIriOr #i■. '=rj�pgAr wiJ_ aw+� w 61-111ui.1 air ■MSS BONE ■a■MJ. IVRPA ►ECNNor4G1£S INC. December 2019 Page 1129 RIVERSIDE COUNTY TRANSPORTATION COMMISSION A Ai LRTS LONG RANGE TRANSPORTATION STUDY Figure 48 — Plan 2040 PM Peak Period Level of Service m RIVERSIDE COUNTY TRANSPORTATION COMMISSION North e m LOS — D or Henn E � F 0 3.3 6.7 MIIW I/RP117FCHHorOLIE urc December 2019 Page 1130 RIVERSIDE COUNT! TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Figure 49 — Corridors with Level of Service E or F in 2040 RIVERSIDE COUNTY TRANSPORTATION COMMISSION )LL North 141PA rrC► NOWGIe5 rc. December 2019 Page 1131 Riverside County Transportation Commission Riverside County Long Range Transportation Study The eastern portion of the East-West CETAP Corridor (from 1-215 in Perris to SR-79 in San Jacinto) has been designated as the Mid County Parkway and is currently moving forward toward implementation as a six -lane facility. The first phase of MCP, the I-215/Placentia Avenue interchange, is expected to be under construction in 2020. The western portion of the East-West CETAP Corridor (from 1-15 in Corona to 1-215 in Perris) remains under study to determine an exact routing and configuration. The Winchester to Temecula CETAP corridor consists of project improvements along 1-15 and southern section of 1-215 in the cities of Murrieta and Temecula. Automated/Connected Automated Vehicles Automated/Connected Vehicles (ACVs) are a series of technologies, currently in different stages of development, which allow communication among the infrastructure and vehicles to provide for more efficient operations. Some of the potential benefits of ACVs are: ✓ Collision Reduction: Collision -free driving and improved vehicle safety could change the concept of vehicles known today. ✓ Reduced Need for New Infrastructure: Self -driving can reduce the need for building new infrastructure and reduce maintenance costs. ✓ Travel Time Dependability: Convergence can substantially reduce uncertainty in travel times via real-time, predictive assessment of travel times on all routes. ✓ Productivity Improvements: Convergence will allow travelers to make use of travel time productivity. ✓ Improved Energy Efficiency: Reduce energy consumption in at least three ways: more efficient driving; lighter, more fuel -efficient vehciles; and efficient infrastructure. ✓ New Models for Vehcile Ownership: Self -driving vehicles could lead to a major redefinition of vehcile ownership and expand opportunities for vehicle sharing. Fully automated (sometimes called autonomous) or "self driving" vehicles are defined by the U.S. Department of Transportation's National Highway Traffic Safety Administration (NHTSA) as "those in which operation of the vehicle occurs without direct driver input to control the steering, acceleration, and braking and are designed so that the driver is not expected to constantly monitor the roadway while operating in self -driving mode. Current driverless car technologies involve complex systems of cameras used to navigate the road without the need for human operation. These technologies allow for people to occupy themselves with activities other than driving during trips — akin to activities on public transportation — but do not represent a large potential for efficiency on the system level. However, connected vehicle technology offers the potential to eliminate the need for the camera systems through a mix of Vehicle to Infrastructure (V21) and Vehicle to Vehicle (V2V) technologies, allow system management to occur at a large scale to maximize system efficiency rather than individual vehicle efficiency. December 2019 Page 1132 Riverside County Transportation Commission Riverside County Long Range Transportation Study System Performance States and MPOs must monitor and evaluate the performance of their transportation systems to ensure the goals and objectives of their long range transportation plans are being met as part of state requirements and federal statutes such as Moving Ahead for Progress in the 21st Century (MAP-21), Fixing America's Surface Transportation (FAST) Act, Assembly Bill (AB) 32/Senate Bill (SB) 375 and SB 743. MAP-21 placed increased emphasis on Performance -Based Planning and Programming (PBPP), i.e.: "performance management" within the Federal -aid highway program and transit programs and requires use of performance -based approaches in statewide, metropolitan, and non -metropolitan transportation planning. MAP-21 established a new standard for transportation system performance and planning at the federal level for states, regions, and local transit operators. The FAST Act, signed into law in 2015, largely left the Performance Management requirements of MAP-21 in place. MAP-21 requires a transition to performance -driven, outcome -based approaches in the following areas: ✓ Safety ✓ Infrastructure Condition ✓ Congestion ✓ System Reliability ✓ Freight Movement ✓ Environmental Sustainability ✓ Reduce Project Delivery Delays Through a series of federal rulemakings over the past several years, U.S. DOT established guidelines for how state DOTS, MPOs, and local agencies report progress on these performance measures to the federal government. In California, Caltrans took the lead in developing a statewide framework for performance reporting. MAP-21 has established a 4-year performance target setting and reporting cycle beginning in October 2018. SCAG has adopted the performance measures targets proposed by Caltrans for MAP-21 reporting for the 2020 RTP/SCS. Highway and arterial network are essential to infrastructure, providing the backbone to the multimodal transportation system for the movements of people and goods. The key issues facing the highway and arterial network are described in further detail below. Transportation System Preservation Decades of under -investment in maintaining and preserving the multimodal transportation system coupled with increased travel demand resulted in aging and stressed roadways, highways, bridges, bicycle and pedestrian facilities. As the maintenance and preservation of the existing systems are delayed, the cost of repairs increases exponentially. According to SCAG's 2016 RTP/SCS, Riverside December 2019 Page 1133 Riverside County Transportation Commission Riverside County Long Range Transportation Study County has 480 lane miles of distressed state highways, 40 percent of which are categorized as in major structural distress. Operational Efficiency Full utilization of transportation infrastructure requires operational efficiency. New technologies provide tools to increase efficiency of the system in operating and managing congestion and the demand placed on the transportation system. Incorporation of transportation technologies into transportation planning activities is essential in improving mobility and safety. Transportation Safety The number of collision incidents increased over the last decade in Riverside County, corresponding to the increase in vehicle miles traveled (VMT) during the same period. As VMT is expected to grow in the future, a focus on improving safety conditions will be needed to slow the growth in incidents. A Transportation System Safety Program focused on improving traffic for all users throughout the County can address the range of safety issues facing the County. Closing Gaps and Multimodal Corridor Improvements SCAG's Plan 2040 includes approximately 700 highway and arterial projects in Riverside County of which approximately 200 are Federal Transportation Improvement Programs (FTIP) projects which are funded with federal grants. With all planned improvements, there will be some corridors where traffic congestion levels will exceed mobility performance thresholds and will need to be addressed through comprehensive mobility improvements. Mobility Innovations Technological advancements in mobility are transforming mobility trends and travel patterns by being both enabling and disruptive to the transportation system. More and more, these innovations are coming from private sector initiatives with indicates the important role for the private sector in planning for mobility innovations into transportation planning activities. System Performance Measuring the performance of the multimodal transportation system is critical to reaching the desired goals and objectives of the LRTS. Federal legislation passed in 2012, Moving Ahead for Progress in the 21st Century Act (MAP-21), introduced a new requirement to incorporate a performance -based approach into the transportation planning process to support regional transportation planning. Developing and adopting performance measures and targets needs to be incorporated into the planning process of the LRTS. December 2019 Page 1 134 Riverside County Transportation Commission Riverside County Long Range Transportation Study Strategies To address the highway and arterials challenges and issues outlined above, a set of strategies are identified as follows: Transportation System Preservation Facing the level of maintenance and operation's needs, RCTC should place a high priority on investing in the maintenance and preservation of the multimodal transportation system by adopting "Fix -it -First" which prioritizes investments in the current infrastructure. Operational Efficiency The key strategies in operational efficiency of existing corridors are 1) Corridor System Management Plan (CSMP), 2) Integrated Corridor Management (ICM) and 3) Express Lanes. Partnering with Caltrans and local agencies will be critical in developing projects and programs to improve the operations of the state highway and roadway systems. RCTC will participate in Caltrans' Management Lanes Feasibility Study, which will provide a connectivity assessment of District 8 managed lanes in Western Riverside and San Bernardino counties and assess and prioritize future additions to the existing managed lanes system. Transportation Safety In 2015, the California Department of Transportation released an update to the Strategic Highway Safety Plan (SHSP) which includes the following goals: ✓ A 3% per year reduction for the number and rate of fatalities; and ✓ A 1.5% per year reduction for the number and rate of severe injuries. These goals should be considered as a safety performance measure by RCTC. Closing Gaps and Multimodal Corridor Improvements Identify the corridors where traffic levels of service fall in the "E" or "F" categories under LRTS and develop multimodal Comprehensive Corridor Plans (CCPs) with actionable strategies and programs to improve mobility and safety. Mobility Innovations The key strategies in support of mobility innovations to ensure a safe and efficient transportation system for Riverside County are as follows: ✓ Incorporate technology for data gathering and managing traffic. ✓ Supportive of connected and automated vehicle (CAV)-related infrastructure projects. ✓ Engage CAV stakeholders to stay engaged with the industry best practices. ✓ Assess possible changes in agency roles and new skill requirements. December 2019 Page 1135 Riverside County Transportation Commission Riverside County Long Range Transportation Study System Performance Support SCAG, Caltrans, and local agencies on enhancing countywide traffic data collection and analysis to conform with the MAP-21 standards and approaches requirements for Performance -Based Planning and Programming (PBPP). Develop data collection techniques to broadly understand the transportation system through issues and opportunities. Rail, Transit and Paratransit System and Service Providers' Connectivity, Maintenance, and Operations Riverside County has seen significant investment in transit in recent years, from the new Metrolink Perris Valley Line expansion to investments in reducing vehicle emissions from transit fleets. For example, through funding from the California Climate Investments Transit and Intercity Rail Capital Program, Sunline Transit Agency, in partnership with Antelope Valley, Kern County, and the California State Transportation Agency recently received funding for the procurement of fifteen new zero emissions buses (Caltrans 2018). However, the County faces significant challenges. An improving economy, decreased unemployment, relatively low gas prices, and increased auto sales have led to a steady decline in transit ridership. This is contributing to declining farebox recovery ratios, which presents challenges for maintaining funding for transit. Furthermore, performance challenges, including longer and less predictable run times, are mounting from increasing congestion, major road construction, and a rapidly growing population. There is limited funding for operating and capital that may ultimately cause a reduction in service levels. Despite these challenges, improving transit system connectivity, maintenance, and operations will play a critical role in supporting key goals in the region, such as providing congestion relief, reducing greenhouse gas (GHG) emissions, and increasing access to employment and key services. There are five (5) key issues facing Riverside County's transit system: ✓ Declining ridership (with the exception of Metrolink) ✓ Service coverage in low -density areas ✓ Challenges with level of service (e.g. performance and frequency) ✓ Transit revenue and competition for funding ✓ Uncertainty around emerging technologies Each of these issues and their associated challenges and opportunities are described in this section. December 2019 Page 1136 Riverside County Transportation Commission Riverside County Long Range Transportation Study Issues Declining Ridership In FY 2015/16, Riverside County saw a five percent decline in trips per capita (from 7.3 to 6.8) (RCTC 2017). While rail ridership grew by two percent, fixed route ridership, which accounts for 85% of all ridership, declined by 5% (Table 31). While demand responsive services did not experience a change in ridership over this same period, the specialized transportation program (a program aimed at transporting seniors and disabled residents' with rides to the mall, doctor's appointments, group events, senior centers or to visit friends) ridership declined by 23%, due to a loss in federal funding for Commuter Link Services (and a subsequent increase in fares). Increasing transit ridership provides a key opportunity for reducing the number of trips made by single - occupancy vehicles, thus reducing congestion on roadways. However, as car ownership in the County is widespread, inexpensive and convenient, and much of the population lives in suburban areas distanced from employment centers, increasing ridership is a challenge. Service Coverage in Low -density Areas Single family homes are and will continue to be the norm in Riverside County due to the availability and low cost of land and housing construction. Together with the low -density and dispersed character of development in much of the County, this represents a challenge for conventional forms of mass transit. Despite the fact that 82% of residents currently live within three-quarters of a mile of fixed -route service, ridership continues to fall, suggesting a need for improved service coverage. Increasing service coverage has the potential to support access to lifeline services and employment for rural populations. However, this type of expansion is costly, requiring vehicles to travel long distance to serve relatively few, and will be challenging to implement. December 2019 Page 1137 RIVERSIDE COUNTY TRANSPORTATION COMMISSION at LRTS LONG RANGE TRANSPORTATION STUDY Table 31—Transit Ridership Changes Public Transportation Trips Provided Countywide Countywide Countywide FY 2012/13 FY 2013/14 FY 2014/15 Countywide FY 2015/16 Service by Mode Trips Trips % of Total Trips % Change FY 14/15to FY 15/16 Rail [1] 888,844 898,216 1,048,003 1,071,669 6.8% 2.0% Public Bus, Fixed Route[2] 13,603,825 14,102,821 14,159,311 13,460,620 85.3% -5.0% PublicDemand Response 795,503 823,649 840,811 840,167 5.3% 0.0% Specialized Transportation/Universal Call Program 559,104 577,736 543,296 416,338 2.6% -23.0% ALL TRIPS: Including Rail, Public Transit, Measure A, JARC and New Freedom Programs [31 15,847,276 16,402,422 16,591,421 15,788,794 100.0% -5.0% Total Population [4] 2,227,577 2,255,059 2,279,967 2,308,441 Trips per Capita for FY2015/16 Total Population j4) 7.1 7.3 7.3 6.8 Notes: [1] Annualized rail boa rdings are from average weekday daily boa rdings at Riverside County Metrolink stations with historical FY 14/15totals corrected: Riverside, 91 and I EOC Li nes. Reported May 9, 2017. [2]'Public Bus, Fixed Route' trip counts do not include Specialized Transportation funded fixed route trips. [3] Public transit trips extracted from Tra nsTrac k 'Table 2 - SRTP Service Summary' on 4/4/17. Specialized Transit operators reported from MeasureAaudits. Rail trips reported directly. [4] RCTC Mid -Year Revenue Projections 2016Agenda: California Department of Finance, Demographic Research Unitas of January 1, 2016 December 2019 Page 1138 Riverside County Transportation Commission Riverside County Long Range Transportation Study Level of Service Riverside County has been experiencing challenges with providing a high level of service to riders in recent years. A steady increase in congestion has been occurring for several compounding reasons: ✓ Individual commuting times have increased due to affordable housing markets found further away from employment centers and increased need for intra - and intercounty travel. ✓ Auto and fuel costs are relatively low. ✓ Increases in freight traffic. ✓ High influx of seasonal residents, particularly in the Coachella Valley. These factors together have presented significant challenges for public transit providers. Runtimes have increased and have become less predictable, meaning transit is less desirable and practical for riders. As the County is geographically large and population density is low in many areas, service frequency remains low in many areas. Opportunities exist to improve connectivity in the network, improve the consistency of runtimes, and improve the quality of trips. Strategies that improve the convenience, reliability, and quality of service will help to make transit a more desirable mode of travel. Transit Revenue and Competition for Funding Despite continued allocation of local, State, and federal funding sources during the last decade, regional and local agencies continue to experience a revenue shortfall for system expansion. This shortfall is expected to continue for two very basic reasons: ✓ The revenues to support the transportation network's maintenance and improvements are not increasing fast enough to keep up with inflation. ✓ The demands for more maintenance and improvements have expanded beyond the normal inflation rate. Due to a new reliance on sales taxes, increased auto fuel efficiency, and fuel taxes that have not historically been indexed for inflation, the previously strong connection to revenue sources and use has deteriorated. However, the passage of SB 1 in March 2017 will provide $5.2 billion in annual transportation funding. Transit agencies receive some of this funding, and both cities and counties are required to submit a list of proposed projects before and after expenditure of their budget. While SB 1 provides a much -needed source of revenue funding, a funding gap still exists and continuing to secure other sources of funding for transit agencies is critical to the health of Riverside County's transit system. Uncertainty Around Emerging Technologies The separation between public and private transport is becoming less clear — mobility is changing, and future mobility is about more than just technology. It's about people, connectivity, and the need to continuously adapt to, create, and imagine our future. The rise of 'smart' infrastructure and the changing behavior of citizens is likely to have significant impacts on all aspects of the transportation system moving forward. December 2019 Page 1139 Riverside County Transportation Commission Riverside County Long Range Transportation Study With respect to the transit system, uncertainty stems from the following: ✓ The profit motive of private companies (such as TNCs like Uber/Lyft) to provide public transportation may be an issue where focus is only on the most profitable routes. Loss of riders to TNCs could potentially undermine the economic sustainability and mission of public transportation systems, which have traditionally served the public good. ✓ The changing world of work —The rise of the 'gig' economy and zero -hour contracts (where employers hire staff with no guarantee of work and employees only accept work when they want to) is already changing work patterns and this is expected to change further with the rise of automation. ✓ New transport technologies - Delivery drones are already a reality, platooning freight and driverless buses are all well within the realms of reality, and cars with some level of automation are already operating on our roads. Increased connectivity will most likely accompany these developments. ✓ Mobility as consumption —'Mobility as a service' (MaaS) is here. The public is set to become consumers of transport rather than owners or users, blending modes in real time from a multimodal palette to meet our on -demand travel needs. ✓ Behavioral adaptation —Technology does not drive the future; how people respond to it does. How people will react to new technologies is the major known unknown. ✓ Governance and financing - The emergence, and in many places the dominance, of private sector players in future mobility is highlighting the need for careful consideration of roles and responsibilities for transit agencies, multi -level government partners, and the private sector. Changing Demographics and Demand for Paratransit The percentage of persons 65 and over in Riverside County is expected to more than double by 2040, from 13% to 30% of the total population. Currently, County transit providers provide demand - responsive paratransit to residents living within three quarters of a mile of a fixed -route service. While 82% of the population falls within this area, the remainder of the population is not currently served by transit or paratransit services. As the population ages, there will likely be an increasing number of seniors living outside of this area, resulting in an increased demand for paratransit services. Further, paratransit services in Riverside County typically require a reservation no less than 24 hours in advance. This can present challenges for seniors and those with disabilities who have last-minute or changing transportation needs. Expanding paratransit services can be a significant challenge, particularly because of high costs and scheduling challenges. However, expansion of services has positive social benefits and increases equitability in the transit system. Strategies Continue to enhance programs that support rideshare and transfers to transit through incentive programs and the provision of Park and Ride facilities. RCTC currently incentivizes ridesharing and connections to transit through several programs: ✓ Rideshare Incentives, which provides a $2/day incentive for those new to ridesharing; ✓ Rideshare Plus, which provides discounts at various merchants to enrolled members; December 2019 Page 1140 Riverside County Transportation Commission Riverside County Long Range Transportation Study ✓ Rideshare 2 Rails, where those completing their trip by rail are eligible for preferred parking at any Metrolink station; ✓ Vanpool Subsidy Program, which provides up to $400 a month on an ongoing basis for vanpool start-ups; and ✓ Guaranteed Ride Home, which provides a free ride home in a taxi or rental car in case of a personal emergency, such as an unexpected illness or unscheduled overtime. Continuing to expand these programs and introduce new incentive programs may help to reduce single occupancy vehicle travel. RCTC is currently undertaking a Park and Ride study, which may lead to a more comprehensive strategy for Park and Ride in Riverside County. This study should be reviewed, and the relevant strategies will be included in future updates of the LRTS. Improve passenger convenience by investing in real-time data tools and mobile integration Increased access to transit information through real-time information sharing can help increase predictability and convenience for transit riders. Easy access to accurate, real-time transit information has been shown to result in greater satisfaction with transit, increased perceptions of safety, and increased ridership frequency (Gooze, Watkins, and Borning, 2012). Exploring and integrating with existing tools, and the creation of new tools should be considered. Continue to support express connections to key destinations and transit centers to improve intercity travel efficiency Currently, public transit is not time -competitive with driving in many cases. For example, while travel by car from Desert Hot Springs to Palm Springs is approximately 45 minutes in duration, the same trip utilizing SunLine's fixed -route service can take upwards of three (3) hours. Identifying common origin and destination travel patterns and exploring ways to reduce travel times between key destinations and transit centers may help to increase attractiveness of travel by bus. Support increased service coverage in rural disadvantaged areas By increasing coverage, and targeting the most vulnerable areas, there is an opportunity to both increase ridership while supporting economic development among the most vulnerable populations. Implemented thoughtfully, providing public transportation alternatives in rural areas provides the opportunity for positive environmental impacts, improved economic opportunities for rural populations, and overall will provide a more equitable service offering that does not favor urban populations over rural. Support Riverside County Transit Agencies innovative marketing campaigns aimed at increasing youth ridership Riverside Transit Agency has recently launched a new marketing campaign focused on downtown service aimed at increasing ridership. SunLine Transit Agency has launched a new website aimed at increasing ridership in young people. Further, in April 2018 Metrolink conducted a survey aimed at millennials to better understand the mobility needs of younger demographics. Ultimately, their goal is to increase ridership among the "next generation of commuters." Supporting transit agencies in Riverside County with innovative marketing campaigns that potential riders can relate to, may help to December 2019 Page 1141 Riverside County Transportation Commission Riverside County Long Range Transportation Study increase the diversity of riders and ultimately increase ridership. Establish First and Last Mile partnerships with alternative transit providers Transit agencies are increasingly partnering with Transit Network Companies (TNCs) to increase service offerings. Opportunities exist to partner with TNCs to provide discounted transportation for economically disadvantaged riders, or those within certain geographies, helping to address first -last mile challenges. Improve First- and Last -Mile Experience through public realm improvements Improving the pedestrian experience through public realm improvements can help to reduce first -last mile challenges. Improved wayfinding and signage around stops and stations, improved sidewalks and crossings can help to increase the willingness and ability of residents to access transit. Improving bike paths, lanes, routes and storage facilities as well as improving drop-off or parking locations at larger stations and exploring bike or car share opportunities may also help to address the first -last mile challenge. Consider emerging technologies in decision and policy making processes The pace of technological change in the transportation industry is rapid, and it remains uncertain as to exactly how these changes will impact traditional public transportation systems. Currently, advancements in transportation technology are being driven by the private sector, and by consumer choices. It is important that RCTC and transit providers in the county closely observe and investigate ongoing changes and consider the potential impacts of emerging technology on transit and paratransit services in ongoing decision -making and in creation of new policies. Explore options for last-minute paratransit bookings Paratransit services in Riverside County currently require a minimum 24 hours' notice for reservations. This can be extremely limiting for those who rely on the services and does not accommodate those with unexpected transportation needs. Exploring last minute booking options, for example through mobile apps, may allow for a more efficient use of resources and better service for those who need it most. Further, opportunities to partner with TNCs to provide paratransit services should be explored. Continue efforts to improve transportation options and access to information for tourists and seasonal residents The influx of seasonal residents, particularly in the Coachella Valley results in increased congestion on roads, which has negative impacts on the environment, on transit level of service, and on productivity for locals who suffer from increased congestion. Targeting transit services and marketing to tourists, the tourism industry, other businesses and hotels, and seasonal residents may help to support increased ridership, while reducing congestion on roadways. Facilitate communication among Riverside County's transit agencies to share learning and simplify service and fare structures While each transit service provider in Riverside County faces a unique context, and set of challenges, December 2019 Page 1 142 Riverside County Transportation Commission Riverside County Long Range Transportation Study RCTC can play a key role in helping to facilitate communication and information sharing between the agencies, to allow for knowledge sharing. RCTC can also help to facilitate discussions around simplifying service and fare structures through coordination between agencies that may ultimately lead to improved service and increased cost efficiencies. The development of high -quality transit areas to absorb population growth while mitigating potentially negative impacts Supporting the development of the high -quality transit areas (HQTAs) identified by SCAG and local agencies will be helpful to ensure that new households in the County have access to employment centers through transit, particularly given that there will continue to be less jobs than workers in the County through 2040. While pursuing the development of HQTAs, an important consideration will be exploring ways to mitigate gentrification and potential negative impacts for existing vulnerable populations (as land values are driven up with improved transit, existing communities may be priced out of the market). Cities desiring to develop HQTAs should coordinate with RCTC and transit operators to review potential HQTA locations at or near Metrolink stations and transit hubs. Transit -Oriented Development/High-Quality Transit Areas A review of general plans and other mobility documents for all the jurisdictions in Riverside County was completed as part of the LRTS planning process. The objective of the review was to determine which cities were actively engaged in encouraging transit ridership through the development of high -density, mixed -use, walkable, compact development. The review classifies cities into four broad categories: ✓ Cities with established TOD policies around transit facilities (high density and Floor Area Ratio (FAR), with development focused around transit facility). ✓ Cities with potential transit supportive policies in certain nodal locations (high density and FARs that may support a transit connection). ✓ Cities with policies that encourage compact, walkable activity nodes. ✓ Cities without any specific policy encouraging compact development. Figure 50 and Figure 51 indicate the key locations of existing and planned activity centers in these cities that are transit -oriented, transit -supportive, or walkable activity nodes. High Quality Transit Areas Proposed 2040 HQTAs were defined for Northwest Riverside County, Southwest Riverside County, and the Coachella Valley in the 2016 RTP/SCS through consultation with Riverside County transit providers (Figure 52, Figure 53, and Figure 54)10. The figures indicate corridors that are planned and projected to accommodate the majority of future household and employment growth in 2040. 1° The figures shown on the following pages are 2040 High Quality Transit Areas. In 2017, the Southern California Association of Governments indicated that five pilot projects would be selected for implementation in October 2017. Currently, there is no information available about the selected projects or further information available about Riverside County's HQTAs. December 2019 Page 1 143 RNERSIDE COUNTY TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Figure 50 —Transit-Oriented and Transit Supportive Land Use Policies (Western Riverside County) 12 OFRIVERSIDE COUNTY TRANSPORTATION COMMISSION Jurupa 16 raes r-c VaRey' North r� • } �I-- �Ma-wnes WSJ Cities with Transit -Oriented and Transit -Supportive Lai -Kline Policies - Western Rivesi de Legend Maeroi.ni Fat :'nes * hating Satne * Future S:anoe MeiranE Rue - — -- Future Me:m6nk EspanFna Atnuay Centers rategu �ranan _ hunt: premed Moat — Tramt Suaporure Hoar ACLU secs ✓RP.4TEEHNI NocrEs.1NC. December 2019 Page 1144 RNERSIDE COUNTY TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Figure 51 - Transit -Oriented and Transit -Supportive Land Use Policies (Coachella Valley) Rahn Springs 12 78 Mlles RIVERSIDE COUNTY TRANSPORTATION COMMISSION dian Walls is Qurda North Cities with Transit•Orlenred and Transit -Supportive Landuse Policies • Coachella Yaltey Legend !ninny Canton Glegeruitlen Trait'-Orn.Red Nod! _ Trans, 5.Pporbye Nada AMA+, vx es * Ind° Transit Stafor VIRPA TECH O10.6IFS. r.vr December 2019 Page 1145 RIVERSIDE COUNTY TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Figure 52 — Riverside County Northwest High Quality Transit Areas, 2040 &wadi! + t I E s San Bemardmo County Aivps S, SR pa 0 ar1-r r—• `\ • "� ' 1.Lii 1. •� . •\ • Orange \ County \ JNSF4104 Jna Lego nd s Riverside Co-rpr Bnrldrr • • • • H.1N SCOW Rat Trw•••• y B•n — SCAR FIOTJI now JuIkacWn .•• Cornr.Aar RAT — Ewess eM ,* MetroLnk stations HOTA12460l Lain Ral — Rep, {oxtmg & Futupe} PligAmy Pnvapi Move Bus Rapd Rama Lout &u• RWERSIdE COUNTY TRANSPORTATION COMMISSION Eil Mvarelloo 1 I eyn• ri _ r: I; ; Perris � � I E A Sr 1' { I ' •4 sn e0 s: I Vie I nIfie f YwiP181A VRPA 7£CHIVOIOGIEL JYC. Source: SCAG 11 The CommuterLink Route 200 which provides express service from Downtown Riverside to Anaheim runs along SR-91 through the HQTA shown in Figure 52 December 2019 Page 1146 RNERSIDE COUNTY TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Figure 53 — Riverside County Southwest High Quality Transit Areas, 2040 \�r 30 00 rrv=es 11 RIVERSIDE COUNTY TRANSPORTATION COMMISSION „s } r r '1 2 Perris (1Ij MenHBe / Murrieta Erlaav Aa Temecula • '% i I I , L.% Jadnto s: rsemMa �- --� NefllBi ,r 7R 4 f•3 c.aua var pe * M {Distng a RM.} Legend CovMy BovrWry away Mqn Spud Rsi EN SLAG ROTA Erg6Yi.A ociebon CamsAsr Rai !IOTA {20a01 Loch! Rail Noway + Prorysl Menai Bus Ra017 Tra+r1 - Trhnsdrmy Bus - Expresa Bus - Rap., Bus Local Eva (*PA IT CHNOIOGM L INC. Source: SCAG December 2019 Page 1147 RNERSIDE COUNTY TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Figure 54 — Riverside County Coachella Valley High Quality Transit Areas, 2040 egend Y BalnEalrr ■ ■ ■ HO SPOSI Red TlaMnway Bus lSCAG ROTA EWA' AYslaeblel COWMAN Rai Express Bus HOTA [2040] Lacy Rai Rapd Bus !WHOP PdlwgrMudd aua ROW Trans.,' Local Sus * Metrofnk Stations I ouonin &Rrturel FSRIVERSIDE COUNTY TRANSPORTATION COMMISSION L North 3 6 4 1 c a ----4 i L i 1 Indian - L SE ' Coachella Milsr' r \ 1 r� La Quints ies �_I Indio n 1�iPli{ rtaeAroeoeee�rAlc Source: SCAG December 2019 Page 1148 Riverside County Transportation Commission Riverside County Long Range Transportation Study Western Riverside Cities with Metrolink Stations With existing Metrolink routes through Moreno Valley/March Field, Corona, Riverside, Perris and Jurupa Valley, cities have responded in updating their land use policies to support higher intensity uses in proximity to the existing Metrolink stations. As discussed previously, these stations are owned and operated by RCTC therefore jurisdictions should coordinate land use planning with the commission. City of Riverside The City of Riverside, with three Metrolink stations, has addressed TOD around the stations by allowing mixed -used development in proximity to the stations with residential densities up to 60 units per acre (higher in the downtown area), and employment Floor Area Ratio up to 5.0 in the downtown area. The City's Downtown Specific Plan seeks to bring downtown to its full potential as an area that is active during the days and evenings every day of the week. At the La Sierra station, the City's Mixed -Use Urban designation provides opportunities for primarily high -density residential development with commercial, office, institutional and business uses emphasizing retail, entertainment, and student -oriented activities. The City hopes such development will facilitate the grouping of innovative housing options with employment uses, entertainment activities and public gathering spaces and other community amenities. Well -functioning transit - oriented developments (TODs) would need to be constructed to this higher intensity of development. The Circulation and Community Mobility Element of the General Plan includes policies that support increasing pedestrian and bicycle infrastructure indirectly by promoting denser, mixed -use uses and are tailored to specific streets/districts found within Riverside. City of Corona Of the two Metrolink stations in the City of Corona, the North Main Station, situated on the north side of the Corona freeway close to downtown, has planned TOD policies. The City has developed specific area plans for downtown as well as for the area around the station (North Main Street Specific Plan) that look to intensify land uses, as well as encourage mixed -used development close to the station. The specific plans allow for up to 60 units per acre, and up to 2.0 FAR with some locations not having any specified height limits. However, the areas covered with high intensities is limited within the North Main Street Specific Plan district. Parking requirements for the planned land uses in the area are conservative. In the Downtown area, the City limits the FAR to 2.0 and the residential densities to 20 units per acre. The downtown area, however, does focus on enhancing alternative modes of travel, and emphasizes improving pedestrian and bicycle networks and facilities to connect with both local and regional transit facilities. December 2019 Page 1149 Riverside County Transportation Commission Riverside County Long Range Transportation Study City of Perris The City's Downtown Specific Plan hopes to take advantage of the Metrolink Station and transit connection mixed use through expanding retail opportunities and allowing for more mixed -use and housing opportunities while preserving the downtown area character. The Plan's form -based code limits heights to five (5) stories, primarily in the downtown promenade. The City has a trail master plan that addresses creating bicycle and pedestrian networks. Cities with Planned Expansion Metrolink Stations City of Hemet The future transit station in Downtown Hemet and the potential station in West Hemet have led the City to identify areas around these sites as mixed -use locations. The City hopes to encourage transit - oriented development in these areas. Key considerations for these locations would include high -quality pedestrian -oriented design, incorporation of community open spaces, innovative housing options, and ease of access from major highways, freeways and alternative transportation modes. The residential development density, and employment development intensity, recommended by the City's zoning regulations, vary based on the different neighborhood locations. As a reference, high -density residential can be up to 45 units per acre and a Floor Area Ratio (FAR) for commercial uses up to 0.5 in neighborhoods that surround the Metrolink Station, Downtown, and other key activity centers. The City supports the creation of connections between land uses that make alternatives to the automobile safe and attractive. The City's General Plan encourages planning for both pedestrian and bicycle use as part of future community plans. The community plan development guidance in the General Plan also suggests multimodal transportation systems be established to serve West Hemet and to integrate a phased system of master planned, "green streets", transit opportunities, bike paths and pedestrian linkages to connect land uses and activity nodes. Other Jurisdictions Some of the other cities and communities in the Western Riverside County area, such as Banning, Beaumont, Calimesa, Canyon Lake, Lake Elsinore, Menifee, Moreno Valley and Murrieta include land use policies that encourage moderate intensification of older downtowns and activity nodes that would include investing in pedestrian and bicycle infrastructure. These locations have the potential to become more transit friendly if they achieve a level of intensity and connectivity as desired in their planning documents. The City of Temecula has more intense development limits in its land use policies, wherein it calls for up to 70 units per acre in its mixed -use downtown core, and up to 35 units per acres in other City activity center areas. The City hopes to combine the higher intensities with better pedestrian facilities to create vibrant, walkable destinations in the City. December 2019 Page 1150 Riverside County Transportation Commission Riverside County Long Range Transportation Study Coachella Valley The cities in the Coachella Valley primarily focus on the revitalization of their downtown areas. The land use policies include developing compact, walkable mixed -use developments that would ensure greater activity in their downtowns. The cities in the Valley through CVAG have been working on a regional non -motorized route connecting the cities. CV Link plans to combine pedestrians, bicyclists, and low -speed electric vehicles (including golf carts) on a dual pathway through the Valley. City of Palm Springs The City identifies two districts - Downtown and Uptown, which constitute the City's Central Business District (CBD). The City hopes to create pedestrian -friendly retail centers by requiring developers to include gathering place and amenities in the CBD. Projects in the areas can be developed with a maximum FAR of 3.5. If projects in these areas provide substantial public spaces or plazas, a FAR of up to 4.0 may be developed upon approval of a Planned Development District or Specific Plan. The Downtown Central Core may also accommodate up to 70 dwelling units per acre for residential or hotel uses if a Planned Development District or Specific Plan is prepared and approved. Overall the City allows for up to 30 units per acre residential and a 1.0 FAR in the downtown area. The City hopes to strengthen and create additional pedestrian links from surrounding residential areas to commercial areas and downtown and ensure that pedestrian facilities are provided as a component of new development. City of Coachella The City of Coachella identifies a number of neighborhood centers, employment centers and a Downtown center as areas of mixed -use higher intensity development. The centers are to be the primary places of commerce, neighborhood -serving retail, arts and culture and civic activities. Centers are characterized by the urban and walkable character and their mix of uses. The downtown center allows for up to 65 unit per acres, and a FAR of up to 2.0. The City envisions having a balanced, multimodal transportation system and neighborhoods that are ready for transit. It plans to design and develop streets to accommodate multiple modes and prioritize community design that fosters accessibility to transit. The City envisions that their streets could accommodate future Bus Rapid Transit, have safe bicycling facilities and be pleasant to walk along. Other Communities and Jurisdictions The other cities in Coachella Valley have land use policies that mainly focus on improving walkability in their centers without substantially increasing intensities. Most of these jurisdictions look to have some moderate intensity multi -family housing within these centers to provide support for neighborhood businesses. For example, the City of Indio is developing a multimodal study which will include opportunities for future rail expansion. The 2016 East Coachella Valley Plan prepared by the County of Riverside addresses the unincorporated communities east and south of the City of Coachella. The plan identifies eight such communities that mostly lie between the City of Coachella and the Salton Sea. The Plan recognizes the limited land December 2019 Page 1151 Riverside County Transportation Commission Riverside County Long Range Transportation Study available for development, as the communities within the valley hope to preserve the agricultural, and open space lands. The land use component of the Plan identifies communities that require a focused area plan, as well as identifying key village center and community center land use designations focusing on creating diverse mixed -use nodes within each community. These areas are identified as Town Centers and Mixed -use Area (MUAs). These locations are either hoping to intensify existing centers or become new centers within the community. These locations would be the key nodes for regional transit facilities and potentially be part of any Valley -wide transit system. Palo Verde Valley The City of Blythe in the Palo Verde Valley area doesn't have any significant land use policies looking to intensify uses. The General Plan does call for more pedestrian and bicycle friendly infrastructure for new development, particularly mixing land uses, with a tighter, more compact City grid and designing streets and neighborhoods, particularly for the Downtown area and surrounding residential neighborhoods. The County's Palo Verde Valley Area Plan adopted in 2015, covering unincorporated communities of Ripley, Mesa Verde, Chuckwalla Valley, and the communities just outside the City of Blythe. The Plan's land use policies do not address developing transit supportive uses or creating walkable communities. However, in the circulation element of the Plan, the stated policy outlines the need to develop a bikeways and trails network that can potentially connect recreational areas, communities, and activity centers. The land use intensities are contextually low, with some allowances for higher intensity mixed use community centers, which in the future could be potential regional transit nodes. Issues Local Land -use Regulations RCTC encourages transit-oriented/transit-supportive development. Some cities with transit stations have incorporated higher density, mixed -use regulations around station areas, which enhance transit ridership. However, many residents and cities have a negative perception of higher density development, perceiving reduced quality of life due to congestion and impacts on services. This makes it challenging for cities to approve higher intensity development within their respective communities. Parking Requirements Along with land use regulations, cities also have control over parking requirements for new development. In the future cities in Riverside County may need to evaluate off -site parking policies that consider transit and other modes of travel as densities increase, particularly in relation to TOD, HQTAs and other dense development locations. This poses a challenge in encouraging higher density development, which could result in limited parking. However, if the overall need to have a car decreases due to transit and ridesharing options, limited parking may not be an issue. December 2019 Page 1152 Riverside County Transportation Commission Riverside County Long Range Transportation Study First Mile/Last Mile Access and Auto -oriented traffic engineering standards Access to transit stations is a particular issue due to the auto -oriented engineering and development standards adopted by cities in the County. With performance measures of roadways essentially tied to auto LOS, and ADTs, investing in pedestrian and bicycle infrastructure lags behind. This reduces the efficiency of TOD as people may not feel safe and comfortable to take alternative modes of travel to train/transit stations, and other local activity centers. Financing TOD projects With the loss of redevelopment funds, cities are limited in abilities to finance redevelopment of sites around station areas. This poses a challenge in locations where station areas are surrounded by old commercial or industrial uses; fragmented land parcels that need assimilation or infrastructure capacity limitations. Affordable Housing & Environmental Justice Although the existing jobs -housing ratio for Riverside County is the lowest in the SCAG region, housing pressures will continue as the State tackles the affordable housing crisis. SCAG is currently updating the Regional Housing Needs Assessment (RHNA), which will assign additional housing units in the SCAG region requiring local agencies to adjust general plans to accommodate these housing units. Past RHNA cycles have placed a significant amount of housing units in Riverside County due to land availability and affordability. SCAG is reviewing TOD and HQTAs as they work on the assignment of housing units across the region. However, as the region grows, the transportation investments and station area development can create issues of displacement and adverse environmental impacts on low income and disadvantaged communities. Strategies TOD Policy Framework Since land -use regulations are in the realm of local jurisdictions, it is a challenge to negotiate with each city to create opportunities for TOD and transit -supportive development. With Riverside County being expansive, and having three distinct clusters, having a clear policy framework on defining how RCTC will help jurisdictions to incorporate desired TOD and transit -supportive land development policies would help streamline RCTC's approach with local jurisdictions and led to RCTC's 2005 Joint TOD Policy Framework. Working with the jurisdictions, SCAG and transit service providers, RCTC can help define place -types for different TOD and transit supportive areas, in terms of development intensity, parking requirements, mobility and access design standards at or adjacent to Metrolink stations. In addition, the policy framework can help outline funding priority and conditions for projects that complement or support the building of TOD and transit -supportive projects. December 2019 Page 1153 Riverside County Transportation Commission Riverside County Long Range Transportation Study Develop a TOD Standards Toolkit In addition to developing a TOD policy, RCTC could update its TOD Policy to assist jurisdictions in getting access to relevant information on building TODs and transit -supportive communities. There are existing regional agencies and transit service providers (such as SCAG and LA Metro) that have TOD toolkits that can be utilized by local jurisdictions to facilitate transit -supportive development Conclusions Cities that have existing Metrolink stations or have planned stations have made efforts in their land use policy to address TOD as they have transit facilities and/or population and employment densities to support TOD. Cities such as Temecula, Desert Hot Springs, and Palm Desert do have land use policies that look to significantly intensify development in key locations that could support future High Capacity Transit. A number of Coachella Valley cities do suggest the potential for Bus Rapid Transit (BRT) or light rail in the future and have oriented their land use policies to support such transportation investments. Next Generation Rail Study The objective of the Next Generation Rail Study is to review previously identified high -capacity transit corridors, identify potential new corridors, prioritize potential future rail corridors for proceeding into project development, and develop additional information and data needed to initiate planning for the high priority corridors. Figure 55 illustrates the Study's Task 1 corridor evaluation process used to identify and evaluate potential future regional transit corridors, and to present recommendations for future extensions of the regional rail system. Figure 56 displays existing corridors and services. Three corridors were identified in the Study: ✓ Perris to Temecula ✓ Perris to San Jacinto ✓ Corona to Lake Elsinore Figure 55 — Next Generation Rail Study Task 1 Study Process I Document existing seances Review previous studies Identify corridors to evaluate Evaluate technology options Identify evaluation criteria • Evaluate corridor alternatives Conduct stakeholder outreach Make recommen- dations December 2019 Page 1154 RNERSIOE COUNTY TRANSPORTATION COMMISSION LRTS LONG RANGETRANSPORTATION STUDY Figure 56— Existing Regional Rail/Transit Services °Mar To Los Angeles To Los Angeles Rrw ; To Orange 15 San L' *scite sa • f:lf ♦• • To Oceanside San Divardino 1ild 0 Si.. AI* 10 ..aevyar— 60 w.• 4. Vyl ♦ IZerris • To Oceansde 7 Eworld id* Paiomarll Mnontom a a Son tdgonio 9 Moenla in RON04.ill 5rr *, +;♦ •♦ Mt San Jacinto 9 palm sprmo io Cathaca.l ca i * Y Pall E7e5Pr1 lend. Santa Rosa and CaachNla 10 San Jowl° Mou Mona NasrDnat � 5_1 1 ! ATIarya Desen Ncr Sp nps San Bernardme NalP nalforest J Existing Services Metrolink Inland Empire - Orange County Line - Metrolink Riverside Line - Metralink 911Perris Valley Line RTA Commuter Link Express Route 200 1111111 RTA Commuter Link Route 202 RTA Commuter Link Route 204 Arza Ci PR WI MI VI Stq+e .10,a Tree Nalidn3i Nayfie:d 10 CNnxo S mmn Bombay Bead, Moir , a RTA Commuter Link Route 205/206 RTA Commuter Link Route 208 RTA Commuter Link Route 2101SunLine Route 220 RTA Commuter Link Express Route 212 RTA Commuter Link Route 217 Beaumont Commuter Link 120 * Metrolink Stations {Existing & Future} OF RIVERSIDE COUNTY TRANSPORTATION4„ COMMISSION North 1/RPAr oa:wan noc. Source: Next Generation Rail Study December 2019 Page 1155 Riverside County Transportation Commission Riverside County Long Range Transportation Study Another new rail service being planned is the Coachella Valley -San Gorgonio Pass Rail Corridor Service Project. The Riverside County Transportation Commission (RCTC), in coordination with the Federal Railroad Administration (FRA) and California Department of Transportation (Caltrans), is studying options for providing additional Amtrak intercity rail service between Los Angeles and the desert cities in the Coachella Valley. The Coachella Valley — San Gorgonio Pass Rail Corridor Service would extend from Indio in the east to Los Angeles Union Station in the west, a distance of approximately 141 miles An Alternatives Analysis has been completed, and work is under way to prepare a Program Environmental Impact Statement (EIS)/Program Environmental Impact Report (EIR) document this is consistent with federal and state requirements. After completing the Draft EIS/EIR, a Service Development Plan will be prepared to conceptualize how the service would operate and what infrastructure improvements would be needed to accommodate the new intercity passenger rail service. Key findings from the Task 1 corridor evaluation are summarized in Table 32 in terms of the advantages and disadvantages of each corridor. The Study recommended that all three corridors be included as potential future rail corridors in RCTC's LRTS. The next step in the corridor evaluation process should involve developing refined estimates of costs, ridership, and cost-effectiveness in order to better understand the corridors' viability, financial feasibility, and potential to compete for federal funds for corridor development. The refined capital cost estimates need to be based on conceptual design studies and include year of expenditure (YOE) cost estimates. The ridership forecasts need to be developed specifically for each corridor and based on the specific technology and service parameters being planned for the corridor. The operations and maintenance costs need to be based on service assumptions that are consistent with the ridership forecasts. The refined estimates of cost and ridership can be used to develop a corridor funding and implementation strategy which will be needed when RCTC seeks funding opportunities from the state or federal government. December 2019 Page 1 156 RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Table 32 — Corridor Advantages and Disadvantages Perris to Temecula Perris to San Jacinto Corona to Lake Elsinore Advantages ✓ Extension to an existing transit system ✓ Employment centers along the corridor ✓ High travel demand along the corridor ✓ Larger population within a 5-mile catchment area ✓ Highest forecasted ridership ✓ Greater GHG and emissions reductions ✓ Included in an adopted plan ✓ Political support ✓ Greater potential reductions in vehicular accidents ✓ Extension to an existing transit system ✓ Availability of rail ROW ✓ Lowest capital cost per mile ✓ Included in an adopted plan ✓ Political support ✓ Potential high growth corridor ✓ Highest travel demand along the corridor ✓ Connectivity to multiple Metrolink lines (91/PVL and IEOC) Disadvantages ✓ Highest overall capital cost and cost per mile ✓ Less connectivity to Metrolink lines (91/PVL only) ✓ ROW needs to be acquired ✓ Low forecasted population and employment density along the corridor ✓ Lack of employment centers along the corridor ✓ Less connectivity to Metrolink lines (91/PVL only) Low forecasted population and employment density along the corridor ✓ Lack of employment centers along the corridor ✓ Lowest projected ridership ✓ ROW needs to be acquired ✓ Highest capital cost ✓ Highest annual O&M cost ✓ Not included in adopted plan December 2019 Page 1 157 Riverside County Transportation Commission Riverside County Long Range Transportation Study Active Transportation A review of general plans and other mobility documents for all the jurisdictions in Riverside County was completed as part of the LRTS development process. The objective of the review was to determine how cities in the County perceive the importance of investing in active transportation facilities, and if cities have tried to plan for improving non -motorized connectivity within their jurisdictions, providing access to key destinations within cities and the County. Western Riverside County Cities in Western Riverside County that have updated their general plans after 2008, acknowledge the need to develop their streets based on complete street principles. Seven cities in Western Riverside County have developed bicycle and pedestrian master plans that identify desired bicycle routes, pedestrian trails, and facilities. The plans also outline design guidelines for pedestrian and bicycle infrastructure, with most prioritizing projects for investment. The Western Riverside Council of Governments (WRCOG) released a regional Active Transportation Plan (ATP) in June 2018 that provides a resource for member jurisdictions and stakeholders to help identify important active transportation facilities they would like to see in their community and provides guidance on how each individual project can be achieved. The ATP identifies seven prioritized actions for implementation as soon as possible, to help build momentum and encourage the implementation of facilities identified in the ATP. These seven prioritized actions include: 1. Plan for a kick-off Open Streets Event: Have WRCOG sponsor an Open Streets event that simultaneously markets the Active Transportation Plan and its regional projects. 2. Begin identifying training courses: To assist in Champion Building, identify the subject matter for training courses that are most valuable for jurisdictions. 3. Develop formal Safe Routes to School Programs: Providing a comprehensive approach to make school routes safer for children to walk and bike to school. 4. Advertise Transportation Uniform Mitigation Fee (TUMF) Program funding: Encourage that active transportation projects are built as part of the infrastructure using TUMF funding. 5. Influence the built environment to support multimodal transportation. 6. Develop bicycle parking guidelines as a model for the region that addresses parking for commercial, residential, and office uses. 7. Develop region -wide wayfinding signage themes and standards. The RCTC LRTS can reference the ATP to identify projects that would be of regional significance for investments, particularly those that connect high capacity transit facilities to key regional destinations. Coachella and Palo Verde Valley The cities and communities in the Coachella and Palo Verde Valleys under CVAG completed a regional Active Transportation Plan (ATP) approved in 2017. This ATP updates the Non -Motorized Transportation Plan for bikeways that was first completed in 2001 and updated in 2010. It revises the regional bikeway plan, as well as local bicycle plans for each jurisdiction. It incorporates individual city bicycle plans and provides additional policy and design guidelines to cities to improve their chances of December 2019 Page 1158 Riverside County Transportation Commission Riverside County Long Range Transportation Study receiving funds for the pedestrian improvements around the five major SunLine Transit transfer points in this Plan. This ATP was produced in conjunction with an update of the Transportation Project Prioritization Study, the Regional Arterial Cost Estimate, and the Coachella Valley TUMF Nexus Study. The intent of the coordinated efforts was to help projects identified in the ATP be included in the other studies, resulting in appropriate regionally significant projects to be eligible for the same funding sources. The Plan was produced in a fashion consistent with Coachella Valley Link (CV Link) Conceptual Master Plan; the Neighborhood Electric Vehicle (NEV) Plan; several Coachella Valley Recreation and Parks District project plans; the 2008 Complete Streets Act; AB 32; SB 375; and SB 99. The ATP identifies and prioritizes several improvement projects with a focus on creating improved connections to transit facilities and activity centers, as well as, complete networks that will help increase the share of non - automobile trips within the Valleys. The Plan provides the LRTS with a compilation of alternative transportation projects that cover both local and regional networks. Screening Criteria for Pedestrian Priority Locations To help prioritize the local and regional alternative transportation projects, a spatial analysis of overlaying several area -based criteria can help identify key locations where projects may have the highest impact in encouraging alternative travel modes. The criteria include several land use, transit, and other key entities that would require or support walking within communities. Figure 57 and Figure 58 provide mapping with different area -based criteria overlapping each other to highlight locations where people would want to walk or bike to. The streets within the higher activity areas can be given higher priority for pedestrian and bicycling investments. The maps include the follow criteria: ✓ 2040 High Quality Transit Area as defined by SCAG. ✓ TOD nodes, Transit -supportive nodes, activity nodes (as indicated in the Transit -Oriented Development/High-Quality Transit Areas section) and other commercial/mixed use nodes within each jurisdiction. ✓ Half -mile buffer from regional bus stations. ✓ Quarter -mile buffer from Metrolink stations. ✓ Quarter -mile buffer from CV Link trail. ✓ Quarter -mile buffer from schools and parks. These screening criteria for pedestrian priorities have been set by applicable ATP's in the region. Issues Incomplete Networks The WRCOG and CVAG Active Transportation Plans outline a desired regional trail network (WRCOG's Active Transportation Network and NEV Network). These networks at the moment are fragmented in terms of gaps in facilities as well as inconsistencies in types of facilities. Local bicycle networks too are fragmented or uneven in facility type, which discourage residents from bicycling. Some cities such as Temecula and Palm Springs have relatively extensive existing networks, however most cities do not have any significant facilities that connect different centers and destinations. December 2019 Page 1159 RIVERSIDE COUNTY TRANSPORTATION COMMISSION E Oft is 40 LRTS LONG RANGE TRANSPORTATION STUDY Figure 57 — Bicycle Network and Areas of Pedestrian Activity (Western Riverside County) RIVERSIDE COUNTY TRANSPORTATION COMMISSION N h �l Hemet tI� / I m r ..1 L , r-7 L J L Pala Seri 1 I L_—� I, Bicycling Network and Areas of Pedestrian Activity legend 9 YyGe Network Propose COOT [lass iv cuts II CUSS III EliMg CU6Y I [lass IV Class li Gins r Nue, ter of Pectstrian 51412aZIve.aer ' I I 3. L Lift TECNNOavGES December 2019 Page 1160 RIVERSIDE COUNT! TRANSPORTATION COMMISSION g Aro wl! LRTS LONG RANGETRaNSPOINATION STUDY Figure 58 — Bicycle Network and Areas of Pedestrian Activity (Coachella Valley) iLRar.[h.n I I -. r .J J Ir�iar• 6Vrll:: I 1 L7' I f L 7 I I r J " la Quinta I L I IL I __ La I_— F } I L J 12 16 Miles r--� 1Caache [la I L� _ � J 1cs11i:4 TrerNanc,,, • Bicycling Network and Areas of Pedestrian Activity Igeerxi iityyde Netwon Proposed Eng.] Crass' 0.1551 CW55N Oa551V QassR Oa5514 Class III 0.55111 na,en Y�rr� �a�oee� mwlw'�tML Ne xypnn� unoe, RIVERSIDE COUNTY TRANSPORTATION COMMISSION North Y RPN TECNIYOlOG,ES. INC. December 2019 Page 1161 Riverside County Transportation Commission Riverside County Long Range Transportation Study In addition to fragmented networks, there is a need for additional studies to identify local pedestrian networks or classifying types of facilities. Several cities have undertaken Safe Routes to School studies and projects. Safety & Security The most significant challenge to bicycling and walking is the real and perceived issues of safety and security. Due to the existing lack of facilities, narrow or non-existent sidewalks, bad lighting, and often poor visibility from surrounding land -uses, many existing facilities are not perceived to be safe. Secondly, bicycling facilities or sidewalks that aren't buffered from higher posted speed -limit lanes increase the stress level for users. Such poorly designed facilities accentuate the perceived risks of bicycling and walking along main thoroughfares or trails. Conflicts and Prioritization Between Modes Access to destinations within communities and countywide often have key routes that are desired by all modes of travel. Modes often have to compete for the limited right-of-way on these key routes. Often in these scenarios, pedestrian and bicycle amenities are not able to compete due to auto -centric design standards and performance measures (LOS, ADT etc.). This has led to excessive auto trips for short distances. Some cities counter the lack of space in rights -of -way by having alternate parallel streets designated as bicycle routes. However, in many cases these routes being too far or not having destinations on them, are under-utilized or are only used for recreational purposes. Equity Often low-income residents choose to bicycle or walk to transit or destinations, and the lack of adequate pedestrian and bicycling facilities, and complete networks put them in unsafe and inconvenient conditions. This further increases stress in these under -served communities. Maintenance and Funding More specific performance metrics and standards for pedestrians and bicyclists, should be incorporated in the decision -making process to ensure funding and maintenance of these facilities. Often the funding priority for pedestrian and bike facilities are considered after auto and transit requirements are met as local and regional regulations are often tied to performance metrics benchmarks for these modes. Strategies Identify local and countywide networks and prioritize network completion With both ATPs identifying regional and local networks, RCTC can work with WRCOG and CVAG on developing a strategy of ranking each network in terms of countywide importance, level of completion, and other accessibility and equity metrics to prioritize projects, ensuring networks are completed within a desired timeframe, provided funding is available. RCTC can work with jurisdictions to help incentivize projects that not only complete networks but also improve access to transit or facilitate better mobility within desired TOD and transit -supportive districts. December 2019 Page 1162 Riverside County Transportation Commission Riverside County Long Range Transportation Study Prioritize Safety & Security Traditionally, bicycle facilities have been classified based on physical characteristics of the facility (Class I, II, III, etc.), which often do not take into consideration the immediate context that influences the use of these facilities. Recent studies and efforts have begun to classify bicycle facilities based on the level of comfort or stress of facilities for its users. The metric rates facilities, irrespective of the facility type, on how many types of bicyclists would feel comfortable while riding it. A Bicycle Level of Service (BLOS), a Bicycle Compatibility Index (BCI), or a Level of Traffic Stress (LTS) type of index could be reviewed by RCTC to ensure regional and local bicycle facilities improve the level of safety along countywide networks. RCTC currently takes into consideration bicycle collision data in the evaluation of SB 821 bicycle and pedestrian projects to ensure key unsafe segments or intersections are prioritized. Pedestrian safety also is a key issue, particularly in order to increase transit ridership. RCTC can develop a strategy based on design and location -based criteria to ensure greater pedestrian safety. As done with the safe routes to school program, RCTC can work with jurisdictions to identify safe routes to transit, or other community facilities. Similar to the recommendation to prioritize improvements at locations of bicycle collisions, pedestrian improvements can be prioritized at high collision locations across the county. In addition, Americans with Disabilities Act (ADA) improvements can be prioritized along key corridors, particularly improving access to transit, and within TOD and transit -supportive districts. Develop a Mode Prioritization Framework The challenge of limited right-of-way on key countywide significant corridors comes to a head when different modes are equally desired on corridors segments. Often, existing metrics -based improvement standards skew towards auto -based investments ignoring the changing needs of commuters, either due to changing land -use, or mobility technologies (Ride -hailing, bike -sharing, e-scooters etc.). Secondly, most corridors identified as being significant countywide are traditionally selected on auto -based metrics such as ADT volumes. These auto -based performance metrics potentially leave out other corridors that may be significant for other modes (transit, pedestrians, bicyclists, goods). With performance metrics for alternate modes not being a factor in identifying corridors of countywide importance, it is difficult to have an equitable framework to prioritize investments for multiple modes, particularly where different modes compete for spaces in the same right-of-way. RCTC could develop a mode prioritization framework, by incorporating other performance metrics for different modes, and identifying a hierarchy of mode priority along countywide corridor segments, based on local context. For example, along an HQTA corridor, transit may have the highest priority along the main corridor, with pedestrians second, bicycle third, etc. This will help RCTC in prioritizing financing of projects across modes in a more equitable way. December 2019 Page 1163 Riverside County Transportation Commission Riverside County Long Range Transportation Study Goods Movement Introduction Throughout Southern California, goods movement faces challenges arising from increased local consumer demand for products and continual regional growth as a major exchange point for global trade. Infrastructure for freight traffic is becoming strained. Current efforts to reduce air pollution from goods movement sources are insufficient to meet national air quality standards and warehouse space is at risk of falling short of demand. Riverside County plays and will continue to play a key role in moving goods in the region and to global markets. Transportation strategies to improve goods movement efficiency can provide economic and environmental benefits, including reduced costs for shippers and distributers, and reduced GHG emissions. Efficient use of funds at the County level must be made to invest in logistics growth areas and major distribution corridors, while providing for the mitigation of goods movement -related impacts on communities. Key issues in Riverside County's goods movement system can be summarized in seven categories: ✓ Environmental and health concerns ✓ Pavement wear on trucking routes ✓ Major freight generators and distribution centers ✓ Capacity constraints ✓ Grade separation projects ✓ Environmental justice ✓ Emerging technologies Each of these issues, and associated challenges and opportunities are described in this section. Issues Environmental and Health Concerns Goods movement emissions contribute to air pollution problems (e.g.: nitrogen oxides (NOx) and particulate matter (PM)2.5) and pose public health challenges. In Southern California, diesel particulate has been identified as the dominant toxic air pollutant based on cancer risk, and freight traffic is a major emitter. With the projected future growth in goods movement, emission reduction strategies will be crucial in decreasing diesel exposures and protecting the health and well-being of communities in Riverside County. Currently, much of the region does not meet federal ozone and fine particulate air quality standards as mandated by the federal Clean Air Act. The South Coast Air Basin had a deadline to reduce ozone concentrations to 80 parts per billion (ppb) by 2023 under the revoked 1997 eight -hour ozone standards, and further down to 75 ppb by 2031 under the current 2008 eight -hour ozone standards. This means that total 2012 NOx emissions in the South Coast Air Basin must be reduced by 70% by 2023 and 80% by 2032 in order to attain federal ozone standards. Additional attainment deadlines are in effect for PM2.5. December 2019 Page 1 164 Riverside County Transportation Commission Riverside County Long Range Transportation Study Reducing greenhouse gas emissions is also a priority, as determined by the landmark California legislation AB 32 and SB 375, and the more recent Executive Order B-30-15 signed by Governor Brown in April 2015. Several State measures have been implemented to reduce greenhouse gas emissions, with some implications for freight. These include the Low Carbon Fuel Standard and the inclusion of greenhouse gas emissions from transportation fuels under California's Cap -and -Trade Program. Additional state programs are under development as part of the State's Sustainable Freight Strategy. In addition to toxic pollutants, noise and vibration from freight trucking and rail traffic can be disruptive to communities. Continual exposure to noise and low-level vibration has been shown to impact public health and quality of life. RCTC has funded quiet zones along the Perris Valley Line, and the City of Riverside has funded quiet zones along certain areas as well. Strategies aimed at mitigating noise from freight can help to reduce negative impacts on communities from goods movement. Pavement Wear on Trucking Routes Commercial trucks disproportionately impact both road pavement and congestion, particularly on steep grades and in conjunction with accidents and incidents. Riverside County's six primary goods movement routes (1-10, 1-15, SR-60, SR-86, SR-91, and 1-215) cover a total of 313 miles, or approximately 21% of Southern California's total primary freight network (SCAG 2016). These corridors play a key role in both the County and regional goods movement system and maintaining them effectively has implications for the economy at all scales. The SCAG 2016 RTP/SCS found that 17% of highways in Southern California are distressed, and 35% of local roads will be in failed condition by 2022. This results in decreased fuel efficiency (and therefore increased emissions) and increased vehicle maintenance costs. The SCAG 2016 RTP/SCS noted annual vehicle maintenance costs of $638 in the Inland Empire. Further, each $1 spent on preventative maintenance in the 4-7-year range delays $8 of spending on major damage in the longer term (10 years or more). Strategies to mitigate pavement wear from goods movement have the potential to provide positive environmental, economic, and social benefits. Major Freight Generators and Warehouse Distribution Centers Intermodal freight facilities, major freight generators, and warehouse distribution centers are significant contributors to goods movement traffic in Riverside County. Existing intermodal centers (Tri- Rail Distribution Services and Ancon Transportation in the City of Riverside, and National Distribution Centers in the City of Corona) place pressure on already congested highways, including 1-215, SR-60, and SR-91. Further, SR-91 at 1-15 was previously identified as a high priority truck bottleneck location. It is key that decisions around existing and new generators of freight traffic consider potential implications on congestion, and pollution, as well as impacts on community members. In addition to the considerations described above, the outcomes of the ongoing Regional Logistics Fee Study will need to be considered. The current status of the study is described below, including possible outcomes and target completion date. December 2019 Page 1165 Riverside County Transportation Commission Riverside County Long Range Transportation Study RCTC Regional Logistics Fee Study In January 2017, the Commission initiated a Regional Logistics Fee Study. The study is the result of the settlement agreement between the Commission, the County of Riverside, City of Moreno Valley (Moreno Valley), and Highland Fairview in response to litigation involving the World Logistics Center (WLC). The Commission and the County had filed suit challenging the environmental impact report in order to ensure adequate mitigation to address added impacts created by the WLC project. Additional lawsuits were filed by the South Coast Air Quality Management District and a number of environmental organizations. A key provision of the settlement requires the Commission, the County, Moreno Valley, and Highland Fairview to conduct a regional transportation study to evaluate a logistics -related regional fee. A result of the study could be a new program that the County and cities could adopt. Such a program would, for example, set a fee on new distribution center warehouses, based on facility size, to help pay for highway improvements. This fee would differ from existing TUMF Programs in that it would only focus on highway projects, as compared to the regional TUMF Programs, which collect funds for regional arterials and local streets. The next steps of the study involve evaluating the feasibility of administering and implementing a regional logistics fee. Pending the outcome, RCTC will determine how to address highway impacts from truck traffic generated from new logistics developments. Capacity Constraints Continual growth in Southern California's population is driving an increase in regional freight demand, with port cargo expected to triple by 2035 (SCAG, 2013). Of goods that enter the Ports of Long Beach and Los Angeles, 77% pass through Riverside County, with 65% moving by rail, and 35% by truck. As a result, a train goes through most rail crossings at least twice an hour (RCTC, 2012). So, as freight demand increases in the region, freight rail and truck traffic will increase in Riverside County. In 2014, 66 trains with an average length of 4,000 feet passed through Riverside County daily, resulting in 600 vehicle hours of delay per day (where one vehicle hour of delay is defined as a single car delayed for one hour). By 2035, this is expected to increase to 137 trains with an average length on 5,200 feet. Vehicle hours of delay per day are expected to increase from 600 to 3,700 hours by 2035. These delays result from at -grade crossings where vehicles must wait for train crossings (RCTC, 2012). Additionally, truck traffic has been increasing faster than passenger car traffic over the past 20 years, and it is expected that VMT for truck traffic will increase by over 8% by 2035. Capacity constraints on both rail and truck routes are already a reality. Due to the significance of goods movement to the regional and County economy, as well as the importance of moving essential goods to communities in Riverside County, maintaining and protecting goods movement corridors is key. Competition with passenger traffic from an ever-growing population places additional pressure on the system. While improving transit options in the County is a key priority, strategies must also recognize the importance of maintaining and protecting key freight rail and truck corridors. December 2019 Page 1 166 Riverside County Transportation Commission Riverside County Long Range Transportation Study Grade Separation Projects While significant funding has been invested to address conflicts between rail and highway traffic in Riverside County, continuing to eliminate at -grade rail crossings will play an important role in improving safety, and reducing delays, noise impacts, and vehicle emissions. In 2012, 46 remaining at -grade crossings were identified and categorized by priority level, with one (1) being the highest priority and five (5) being the lowest priority (RCTC 2012). Of the 46 crossings, 18 were identified as high priority (rated 1 or 2), characterized based on high train and vehicular traffic volumes, extensive vehicle delay and emissions, and one or more traffic incidents in recent years (Table 33). Additionally, a 2017 companion study found that: ✓ Four crossings are technically unfeasible, and four others require further study. ✓ 11 separations are desired within the next ten years and 14 more in the following 10 years. ✓ Funding is highly competitive and uncertain, however some grant funding may be available through the Trade Corridor Enhancement Program, Nationally Significant Freight and Highway Projects program, the Western Riverside County TUMF, as well as several other potential sources documented in the study. The limited and uncertain nature of funding will make eliminating the remaining at -grade crossings a challenge. Environmental Justice The negative health impacts associated with a significant increase in the development of large warehouse logistic centers, with close to 40 percent of the nation's consumer goods travelling through the Inland Empire and being stored in warehouses before they are trucked out to other locations, and the effects of freight traffic are disproportionately felt by those living nearest to major freight generators and goods movement corridors. The consensus in current research is that those living within 1,000 feet of a major freight facility or high capacity roadway are most likely to experience negative health impacts. SCAG has identified 'disadvantaged communities', which are disproportionately burdened by multiple sources of pollution. Figure 59 shows disadvantaged communities within Riverside County. From an environmental justice perspective, it is critical that goods movement strategies help mitigate existing impacts and avoid future adverse impacts from the goods movement system. December 2019 Page 1 167 RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Table 33 — 18 High Priority Grade Separation Projects in Riverside County Rail Line Crass Street Jurisdiction BNSF & UP {SB SUB} Spruce Street Riverside BNSF {SB SUB} McKinley Street Corona BNSF & UP {SB SUB} Chicago Avenue Riverside UP (YUMA MAIN) Hargrave Street Banning BNSF & UP {SB SUB} 3rd Street Riverside BNSF {SB SUB} Joy Street Corona BNSF {SB SUB} Madison Street Riverside BNSF {SB SUB} Adams Street Riverside BNSF (SB SUB) Tyler Street Riverside UP {LA SUB} Bellgrave Avenue Jurupa Valley UP {LA SUB} Jurupa Road Jurupa Valley UP (YUMA MAIN) 22nd Street Banning UP (YUMA MAIN) Viele Avenue Beaumont UP (YUMA MAIN) San Gorgonio Avenue Banning UP (YUMA MAIN) Avenue 62 Riverside County UP (YUMA MAIN) Avenue 66 Riverside County BNSF {SB SUB} Pierce Street Riverside UP (YUMA MAIN) California Avenue Beaumont December 2019 Page 1 168 RIVERSIDE COUNT! TRANSPORTATION COMMISSION affi* 4� LRTS LONG RANGE1RONSPORf6TON STUDY Figure 59 — Riverside County Disadvantaged Communities Disadvantaged Communities C W 1 Cities Highways RIVERSIDE COUNTY TRANSPORTATION COMMISSION - North IVRP4 TECHNOlOGIFS:NC. 1 Source: SCAG December 2019 Page 1169 Riverside County Transportation Commission Riverside County Long Range Transportation Study Emerging Technologies The SCAG 2016 RTP/SCS outlined several innovations in goods movement that should be considered. Changes in consumer habits may have unpredictable impacts on the goods movement sector. Already, the rise of e-commerce has changed the balance between retail and warehousing. New transport technologies are also likely to impact the goods movement system. Autonomous trucks may greatly increase the efficiency of the goods movement system; Uber is piloting autonomous trucking fleets, working toward their vision of a goods movement system where no truck ever travels empty, but instead the goods movement system is perfectly choreographed, resulting in significant savings in both costs and emissions (Davies 2018). The private sector is driving tremendous innovation that undoubtedly have major implications for Riverside County's goods movement system, however at present, the exact impacts are unknown. �trategie. Continue Funding for Grade Separations and Quiet Zones As both freight rail and vehicle traffic congestion increase overtime, grade separation projects and quiet zones are increasingly important in addressing environmental and social health concerns. Continuing to fund these improvements is a key strategy in mitigating negative impacts from goods movement. Collaborate with local governments in disadvantaged communities to understand ways of reducing the impacts of goods movements The disadvantaged communities identified by SCAG and shown in Figure 59, are experiencing a disproportionate share of the negative impacts from the goods movement system. Fully understanding the experiences of these communities will be paramount in avoiding further growth in inequity. By working directly with communities, it may be possible to mitigate existing negative experiences while avoiding future environmental justice concerns. Undertake proactive maintenance of key goods movement corridors to avoid costly and lengthy repairs in the future With a particular focus on the six primary goods movement corridors in the County, undertaking ongoing maintenance will help avoid negative impacts on the transportation system as a whole. Repairing small issues (a small pothole, for example) as they arise helps decrease damage to vehicles, reducing repair costs to both personal and commercial vehicles, helps improve travel efficiency thereby reducing travel emissions, and reduces the need for major repairs, which can lead to significant vehicle hour delays due to construction. Working with Caltrans, the cities, and the County, funds should be allocated strategically to this end. Review the outcomes of the RCTC Regional Logistics Fee Study The outcomes of the RCTC Regional Logistics Fee Study could have a significant impact on warehouse fee revenues. Further, results of this study will support RCTC in working with local governments in the December 2019 Page 1170 Riverside County Transportation Commission Riverside County Long Range Transportation Study County to reduce negative impacts on the highway system from major warehouse, logistics and distribution centers and determine how best to mitigate such impacts. Advocate for the protection of key freight rail corridors Work with other levels of government, as well as freight rail providers (Burlington Northern Santa Fe (BNSF) and the Union Pacific Railroad (UP)) to ensure the maintenance and protection of the three major freight rail corridors in the county: BNSF's Transcon Line, UP's Los Angeles Subdivision, and the El Paso Line, while balancing the growing demand for passenger rail services. Continue to support priority grade separations and advocate for federal support While there has been great progress in reducing at grade crossings in Riverside County, ongoing effort is required to undertake all high priority projects to ensure safety and improve air quality. Continued coordination with railroads and advocacy for federal and State funding will be necessary to complete grade separations priority projects. Build relationships with private companies who are driving technological innovation in goods movement Building connections with those on the front end of technological innovation to gain a better understanding of the direction and timelines of technological shifts in goods movement can inform decision making in the coming years. For example, if the goods movement system were to become fully automated in the next 10 years, and freight vehicle traffic were to be reduced by half, RCTC's investment strategies would change drastically. Because the pace of change is so rapid, ongoing communication is necessary to ensure decisions are in line with the latest trends. Undertake further analysis of e-commerce trends to understand potential impacts As e-commerce continues to grow, and new technologies such as drone delivery systems are developing, undertaking a further analysis of trends should be undertaken. Explore opportunities for collaboration with the Southern California Zero -Emissions Truck Collaborative Currently, several alternative fuels for goods movement are being explored by the Southern California Zero -Emissions Truck Collaborative for their potential to reduce certain pollutants (especially nitrogen oxides and particulate matter associated with diesel fuel use) from tailpipe emissions. These include zero tailpipe emission trucks such as hybrid electric, battery electric and fuel cell trucks. The Collaborative is currently demonstrating a one -mile wayside power system in the City of Carson, similar to the near -term demonstration project described in the SCAG 2016 RTP/SCS. Natural gas is also considered a near -zero tailpipe emissions fuel and can result in substantial reductions of GHGs. Engage in continual learning about goods movement vehicle automation Various autonomous vehicle technologies are being explored with the intention of reducing headways and increase truck flow rates. They also have the potential to improve safety through lower crash rates. December 2019 Page 1171 Riverside County Transportation Commission Riverside County Long Range Transportation Study Currently three distinctive stages in the development of this technology have been identified: ✓ Stage 1: Adaptive Cruise Control ✓ Stage 2: Multi -Truck Communication ✓ Stage 3: Truck Automation with Corridor -Wide Optimization This technology would be likely to decrease truck vehicle miles travelled, mostly as a result of improved corridor utilization and operational efficiency gains. At this point, however, it is uncertain whether the technology induces the growth in truck VMT, or the increase in truck volumes is a result of accommodating the growth in a more efficient manner. Remaining engaged with technological advancements in vehicle automation will be key to understanding potential impacts and benefits from the technology in Riverside County. Coupled with increased warehouse automation rates, improvements in drayage operations can be expected to improve operational efficiency and could reduce the number of trucks needed to transport goods through the County's transportation system. Transportation System Management/Transportation Demand Management Transportation System Management Within the Southern California region, Caltrans, RCTC, and local agencies are responsible for funding Transportation System Management (TSM) improvements. These include extensive advanced ramp metering, enhanced incident management, bottleneck removal to improve flow (e.g., auxiliary lanes), expansion and integration of the traffic signal synchronization network, data collection to monitor system performance, and other Intelligent Transportation System (ITS) improvements. SCAG's 2016 RTP/SCS identifies a comprehensive set of strategies that work in concert to optimize the performance of the transportation system. This set of strategies does not focus solely on expanding the system, but also considers the system is operational; how land use planning is coordinated with transportation planning; how incidents such as collisions or special events are dealt with; how information is provided to the traveling public, so people can make informed decisions about how, where and when to travel; and how the system is maintained. All these strategies are based on a foundation of comprehensive system monitoring to understand how the transportation system is performing and where improvements are needed. This approach is based in part on work that Caltrans has done for many years to optimize the performance of the State Highway System. Since the passage of Proposition 1B in November 2006, and with the creation of the Corridor Mobility Improvement Account, Caltrans and local partners have worked together to improve the efficiency of our highways and arterials through the development of Corridor System Management Plans (CSMP). throughout the SCAG region. Senate Bill 1 (SB 1), passed in April 2017, also included the development of Comprehensive Multimodal Corridor Plans specifically for projects funded with SB 1 Solutions for Congested Corridors Program funding. The California Transportation Commission is the administrator of the SB 1 funding programs and has initiated guidance for program applicants regarding the content December 2019 Page 1172 Riverside County Transportation Commission Riverside County Long Range Transportation Study requirements for corridor plans, including a TSM component, to ensure compliance with state statutory requirements for Solutions for Congested Corridors Program (SCCP). Additional System Management Initiatives in the Southern California region include: ✓ Arterial Signal Synchronization projects that have been completed on various arterials through the region to optimize traffic flow. One example in Riverside County is the CVAG Regional Traffic Signal Synchronization Project (Coachella Valley Association of Governments, 2017). ✓ The Dynamic Corridor Congestion Management (DCCM) initiative in Los Angeles County, in which Caltrans is developing a corridor management initiative on Interstate 110 to coordinate highway ramp metering with arterial signals. Various efforts have been completed to inform the traveling public of expected travel times to various destinations and in some cases provide travel time comparisons with transit. ✓ The Caltrans Advanced Traffic Management (ATM) study for Interstate 105 and the Regional Integration of ITS Projects (RIITS) and Information Exchange Network (IEN) data exchange efforts at Los Angeles Metro. ✓ SCAG Regional ITS Architecture Update — a roadmap for transportation systems integration in the SCAG region over the next 20 years covering modes. Transportation Demand Management Transportation Demand Management (TDM) strategies reduce the number of vehicles that travel on roadways by promoting alternatives to driving alone and during peak periods. These alternatives include rail and bus transit, ridesharing options like carpools and vanpools, telecommuting and active transportation options like bicycling and walking. TDM programs improve mobility, accessibility, and air quality by efficient use of transportation resources. The SCAG 2016 RTP/SCS provides overall regional guidance regarding TDM programs in Southern California, including Riverside County. It includes three main areas of focus: ✓ Reducing the number of single occupancy vehicle (SOV) trips and overall VMT through ridesharing, which includes carpooling, vanpooling and supportive policies for shared ride services such as Uber a n d Lyft. ✓ Redistributing or eliminating vehicle trips from peak demand periods through incentives for telecommuting and alternative work schedules. ✓ Reducing the number of SOV trips by facilitating the use of other modes of travel such as transit, rail, bicycling and walking. In addition, the SCAG 2016 RTP/SCS recommends the following strategies expand and encourage the implementation of TDM strategies to their fullest extent: ✓ Rideshare incentives and rideshare matching. ✓ Parking management and parking cash -out policies. ✓ Preferential parking or parking subsidies for carpoolers. ✓ Intelligent parking programs. ✓ Promotion and expansion of Guaranteed Ride Home programs. ✓ Incentives for telecommuting and flexible work schedules. December 2019 Page 1173 Riverside County Transportation Commission Riverside County Long Range Transportation Study ✓ Integrated mobility hubs and first/last mile strategies. ✓ Incentives for employees who bike and walk to work. ✓ Investments in active transportation infrastructure. ✓ Investments in Safe Routes to School programs and infrastructure. There are effective ways of achieving trip reduction in Riverside County other than through the adoption of local agency TDM Ordinances, which was the focus of TDM efforts in the past. RCTC has facilitated the implementation of TDM projects through the Measure "A" Commuter Assistance Programs, and the implementation of several TDM projects (in cooperation with Caltrans and local agencies in Riverside County and in adjoining counties) to achieve TDM objectives. Such TDM strategies include the development of Park-N-Ride lots, commuter rail stations, guaranteed ride home, and public transit feeder services. Issues Transportation System Management (TSM) strategies and Transportation Demand Management (TDM) strategies both have the goal of making the transportation system more efficient. TSM strategies accomplish this goal by allowing vehicles, bicycles, and pedestrians to travel faster and with higher levels of safety. TDM strategies accomplish this goal by reducing the demand for travel by single - occupant auto mode, which is generally the least efficient mode of travel from the point of view of system capacity. In terms of the LRTS, the key issues with TSM and TDM strategies are to ensure that these strategies are available to RCTC and member agencies and to ensure that funding is available for implementation of these cost-efficient strategies. Strategies RCTC, with the support of member agencies can maximize opportunities to implement TSM and TDM projects and strategies in the following ways: ✓ Work with Caltrans and SCAG in promoting planning tools, methodologies, and priorities so that RCTC and member agencies can program TSM and TDM strategies wherever they provide cost- efficient and effective solutions to improve the transportation system. ✓ Ensuring that RCTC and member agencies have access to the latest information regarding TSM and TDM strategies and programs. ✓ Maximizing opportunities to access funding at the federal, state, and regional levels for TSM and TDM projects. Sustainability Issues Definition and Overview Sustainable planning can be defined as meeting the needs of the present without compromising future generations' ability to meet their own needs. Therefore, a sustainable transportation system for Riverside County would enable current residents to meet their needs for mobility and access to goods and services without compromising the ability of future residents to enjoy growth, prosperity, mobility and access and a high quality of life. December 2019 Page 1174 Riverside County Transportation Commission Riverside County Long Range Transportation Study Strategies In broad terms, sustainability goals are defined by state policy and implemented by MPO's, such as SCAG. The LRTS allows Riverside County the opportunity to review information, plans, and programs at the county level, without respect to statewide issues and issues related to other counties. Recommendations and priorities for Riverside County can then be provided to SCAG for development of the overall Regional Transportation Plan/Sustainable Communities Strategy (RTP/SCS) for the entire SCAG region. As the region's metropolitan planning organization, SCAG has long promoted the concept of integrating transportation planning and land use planning. Since 2002, with the Southern California Compass and Shared Growth Vision for the region and the subsequent Compass Blueprint program (now the Sustainability Planning Grant Program), SCAG has promoted integrated planning tools for local governments that want their residents to have more mobility options, make their communities more livable, increase prosperity among all people and strive for sustainability. Subsequent policies adopted at the regional level in 2004, 2008 and 2012 have supported and advanced the integration of transportation and land use planning. With the passage of SB 375 in 2008, the State of California formalized the idea of integrating planning statewide when the California Air Resources Board (CARB) set regional targets for reducing greenhouse gas emissions and required every MPO in the State to develop a SCS that charted a course toward reduced emissions and a more sustainable future. A central tenet of the SCS requirement is for MPOs to integrate land use and transportation planning. One example is High Quality Transit Areas (HQTAs) where people live in compact communities and have ready access to a multitude of safe and convenient transportation alternatives to driving alone —including walking and biking, taking the bus, light rail, commuter rail, the subway and/or shared mobility options. Along high -quality bus corridors, for instance, a bus arrives at least every 15 minutes. Residential and commercial development is integrated with plans for transit, active transportation and other alternatives to driving alone. Sustainable and land use strategies recommended in the SCAG 2016 RTP/SCS include the following: ✓ Identify regional strategic areas for infill and investment. ✓ Structure the plan on a three -tiered system of centers development.' ✓ Develop "Complete Communities." ✓ Develop nodes on a corridor. ✓ Plan for additional housing and jobs near transit. ✓ Plan for changing demand in types of housing. ✓ Continue to protect stable, existing single-family areas. ✓ Ensure adequate access to open space and preservation of habitat. ✓ Incorporate local input and feedback on future growth. Sustainable transportation strategies recommended in the SCAG 2016 RTP/SCS include the following: 12Chapter 5, page 75 of the 2016 RTP/SCS articulates a policy to identify strategic centers based on a three -tiered system of existing, planned and potential centers relative to transportation infrastructure. December 2019 Page 1175 Riverside County Transportation Commission Riverside County Long Range Transportation Study ✓ Preserve the existing transportation system, also known as fix -it -first. ✓ Expand the regional transit system. ✓ Expand passenger rail. ✓ Improve highway and arterial capacity. ✓ Manage demands on the transportation system. ✓ Optimize the performance of the transportation system. ✓ Promote walking, biking and other forms of active transportation. ✓ Strengthen the regional goods movement network. ✓ Leverage technology. ✓ Improve airport access. ✓ Improve air quality and reduce greenhouse gases. ✓ Preserve natural lands. Disadvantaged Communities/Environmental Justice Issues13 For the 2016 RTP/SCS, SCAG conducted analysis to determine if the Regional Transportation Plan resulted in any disproportionately high and adverse impacts to various environmental justice groups. SCAG will conduct a similar analysis for the 2020 RTP/SCS and RCTC will continue to work with SCAG and local agencies on addressing environmental justice issues through the development and implementation of the 2020 RTP/SCS. The performance areas included in SCAG's analysis include: ✓ Benefits and Burdens Analysis ■ RTP revenue sources in terms of tax burdens ■ Share of transportation system usage • RTP/SCS investments ✓ Distribution of travel time savings and travel distance reductions ✓ Jobs -housing imbalance or jobs -housing mismatch ✓ Accessibility to employment and services ✓ Accessibility to parks and natural lands ✓ Gentrification and displacement ✓ Air quality impacts along freeways ✓ Environmental impacts of plan and baseline scenarios ✓ Aviation noise impacts ✓ Roadway noise impacts ✓ Active transportation hazards ✓ Public Health Impacts ✓ Rail -related impacts ✓ Climate adaptation 13 Source: Summary of SCAG's Draft Proposed Technical Approach for the 2016-2040 Regional Transportation Plan and Sustainable Communities Strategy (RTP/SCS), July 2015. A 1994 Presidential Order (Executive Order 12898) directed every federal agency to make environmental justice part of its mission by identifying and addressing disproportionately high and adverse human health or environmental effects of all programs, policies, and activities on minority populations and low- income populations. This presidential order reinforces Title VI of the Civil Rights Act of 1964 and requires that every federally funded project nationwide considers the human environment when undertaking the planning and decision -making process. December 2019 Page 1176 Chapter VI Major Projects and Evaluation Assumptions and Methods RNERSIDE COUNTY TRANSPORTATION ComMISSION Riverside County Transportation Commission Riverside County Long Range Transportation Study Chapter VI. Major Projects and Evaluation Assumptions and Methods Identification of Projects A major component of the LRTS is the identification and evaluation of highway, major roadway and transit projects. A total of 130 State highway and major roadway projects and 57 major local and regional transit projects were identified for inclusion in the LRTS due to their size and/or level of regional significance and are also included in Riverside County's submittal to SCAG for the 2020 RTP/SCS update. Potential express lane facilities were analyzed separately in RCTC's Next Generation Toll Feasibility Study (2019). The express lane facilities analyzed in the Next Generation Toll Feasibility Study have been documented in the LRTS, but they are not currently included in the LRTS major projects list or in the list of projects submitted to SCAG for the 2020 RTP/SCS update. Potential major transit corridors were also documented in the LRTS from a separate process, the Next Generation Rail Study (2019). The list of 130 State highway and major roadway projects (reference Appendix A) was defined to provide a high level "performance based analysis' of selected highway and major roadway projects including a cost/benefit analysis. The project list included large or high cost projects on the state and major roadway (regional arterials) system and were developed from the 2016 Regional Transportation Plan/Sustainable Communities Strategy (RTP/SCS), Draft 2020 RTP/SCS, and 2019-2029 Measure A Western Riverside County 10-Year Delivery Plan update (reference Chapter II). Projects were evaluated for performance and cost benefit, however, the evaluation does not represent any priority ranking of projects. Projects received overall ratings for information only. Further review and project information would be required for developing a more formal ranking of projects based on specific criteria established by RCTC through a separate process. The list of candidate transit projects (reference Appendix B) was developed from the 2016 RTP/SCS, the Draft 2020 RTP/SCS and short-range transit plans (SRTPs) prepared by transit operators. The project list focused on projects involving capital improvements and projects over $100,000 in cost. Inclusion of a project in the transit project list shown in Appendix B does not imply higher priority than other Riverside County projects since project priorities will be determined in processes conducted separately from the LRTS. Figure 60 through Figure 62 show the locations and types of projects included in the lists. December 2019 Page 1 178 RIVERSIDE COUNTY TRANSPORTATION COMMISSION orh A Ra LRTS LONG RANGE1RONSPORr6TION STUDY Figure 60 — Project Locations — Western Riverside County Western Riverside County Project Categories I■ State Highway El Local Highways p Interchange .!C! Transit Ske• noel Temee Pc0tla .x an 1.• r.uv• a.e v on.y r r.w. Nom 1....6, m. Carly Tyrrfn POOCH. eter w ^a! frgYn w of blows ' •1 10..0. T6 21-ip. 3.2-12, 11. erp ]d RIVERSIDE COUNTY TRANSPORTATION COMMISSION San eemardmo Naswnal Foresi 141P4 rfCII.YDlOWE S.141 December 2019 Page 1179 RIVERSIDE COUNT' TRANSPORTATION COMMISSION g eta 5� LRTS LONG RANGETRANSPORrATION STUDY Figure 61— Project Locations — Coachella Valley 'DrsNT 1.r0' SP. r97 Ncrth Pa:rn ray. q_ Sky Va ley To Downtown 5 �1 Coarh4tra � (� Ya+left Palm :'pr no s Preserve - Zg 20 ® Thousand copzu EDI it, 79 I. a Own! a Same RoSa and San-iaorrlo Mountains National P.nson Pees 14.136orswood Coachella Valley ir Indio CIE jERJECZM Va4r r rz. •. cacti. c.ry ,fOShUa Tree National Park Rre., Dos Palmas Caltiete &xTrna Eagle lAWntain KayfKld Project Categories SIale Highway El Local Highways n Interchange x; Ransit Nolo: Moat Trawl q.grxN w ndWi.n En ri rmel Eva 10 Mr* n r.e.nw Carry Trrw wevi•cn mat We net them re a3100.71. 37. 10. 11-10. 21-20-33•d$, 37. eV 3E - it PrRIVERSIDE COUNTY TRANSPORTATION COMMISSION North I/RPATECHNOIOGIE rPrc December 2019 Page 1180 RIVERSIDE COUNT! TRANSPORTATION COMMISSION g � w� LRTS LONG RANGE TRANSPOINATON STUDY Figure 62 — Project Locations — Palo Verde Valley Project Categories MI State Highway NM Local Highways CI Interchange x Transit Role Moo ironed pge* on net Vlmov en mops Om in bony in venom mem AIM Cn Ovmm.. TrrW 0,00011 PO an net memo ors as blows: 1-7, M. 12-1E. 21,28, 30-32 37. FM 79 OFRIVER COUNTY TRANSPORTATION COMMISSION . Noah - vfeve mamma= MC December 2019 Page 1181 Riverside County Transportation Commission Riverside County Long Range Transportation Study Projects included in the LRTS were analyzed using a project evaluation process. The purpose was to provide information on the characteristics and benefits of each project. No attempt was made to provide a prioritization of projects since RCTC and local agencies have other processes in place for prioritization. The resulting project lists include a total of $12.3 Billion in capital costs for state highway and major roadway projects and $3.98 Billion in capital costs for major transit projects. The details are included in Appendix A and B. Figure 63 to Figure 66 summarize the planned delivery dates by five-year periods to 2045, as well as the aggregate cost of the major highway and transit capital investments included in the LRTS. For comparison purposes, it should be noted that the Riverside County Strategic Assessment, completed in 2016, identified $23.4 Billion in capital project costs for all projects, including many of the major LRTS projects and additional smaller projects. Any comparisons between cost estimates for the LRTS major projects and the Strategic Assessment should note that project lists and project cost estimates have changed somewhat between 2016 and 2019. Figure 63 — Number of State Highway and Major Roadway Projects by Completion Year December 2019 Page 1182 RIVERSIDE COUNT! TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Figure 64 — State Highway and Major Roadway Projects Cost by Completion Year $6,000,000 $5,000,000 $4,000,000 $3,000,000 $ 2, 000, 000 $1, 000, 000 $0 2019 - 2025 2026-2030 2031-2035 2036-2040 2041-2045 Note: Project costs are in thousands Figure 65 — Number of Major Transit Projects by Completion Year 25 20 15 10 5 0 2019 - 2025 2026-2030 2031-2035 2036-2040 2041-2045 December 2019 Page 1183 Riverside County Transportation Commission Riverside County Long Range Transportation Study Figure 66 — Major Transit Projects Cost by Completion Year 2019 - 2025 2026-2030 2031-2035 2036-2040 2041-2045 Note: Project costs are in thousands RTP/SCS Projects SCAG is the regional agency responsible for planning and programming projects at a regional level in the Southern California area including Riverside County and the Counties of Ventura, Los Angeles, San Bernardino, Orange, and Imperial. Every four years, SCAG prepares RTP/SCS, which incorporates transportation projects considering federal, state, and/or regional funding. SCAG is currently in the process of preparing its 2020 RTP/SCS. Identification of Riverside County transportation projects for inclusion in the 2020 RTP/SCS was ongoing during the time of preparation of the LRTS. Appendix C provides a list of Riverside County transportation projects that were submitted to SCAG for inclusion in its 2020 RTP/SCS. This includes approximately 700 projects with an estimated capital cost of $20.57 Billion. Review of the 2020 RTP/SCS project list resulted in identification of $8.27 Billion in transportation improvements that were not included in the major projects described above. This $8.27 Billion in transportation improvement projects was included in the financial analysis described in the following chapter. Evaluation Assumptions and Methods This section documents the methodology for evaluating the major State highway, regional roadway, and transit projects in the LRTS. Projects were evaluated to document their value in terms of providing a safer and more efficient transportation system. It was not the intent of this study to rank projects since other processes are in place for that purpose. Projects were categorized into the following types: December 2019 Page 1 184 Riverside County Transportation Commission Riverside County Long Range Transportation Study ✓ Freeway Corridors ✓ Interchanges ✓ Streets and Highways ✓ Transit/Rail Criteria used to conduct the project evaluation are listed in Table 34 and Table 35. The evaluation process was conducted as follows: ✓ Average Daily Traffic forecasts and roadway levels of service were based on the SCAG regional transportation model. ✓ The benefit cost analysis that provided one element of the project evaluation process based on methodology recommended by the Federal Highway Administration (FHWA). It included consideration of the cost of each project along with benefits related to safety, traffic congestion relief, reduced operations and maintenance costs. ✓ The values for other project characteristics of each project, local knowledge of the study area, and judgement. The evaluation provides a list of the major transportation improvements planned for Riverside County, as well as an understanding of the characteristics of individual improvement projects and the potential benefits of each project. The evaluation was not intended to score or rank projects, but rather to provide technical information so that prioritization of projects can occur in future efforts based on local agency prioritization factors, or criteria established in competitive funding programs. State Highway and Major Roadway Project Evaluation Evaluation criteria included factors such as congestion relief, safety, cost-effectiveness, provision of access, and intermodal connectivity. One component of the roadway project evaluation was a benefit/cost analysis conducted based on Federal Highway Administration recommendations. Projects with a relatively high benefit/cost ratio can be considered to be especially cost efficient. Projects with a lower benefit/cost ratio are considered to be valid for reasons other than cost -efficiency. The remainder of the highway and major roadway project evaluation was focused on characteristics of individual projects based on various performance measures. The details and results of the benefit/cost analysis and the project evaluation are included in Appendix A. Major Transit Project Evaluation The list of major transit projects was developed based on the current SCAG RTP/SCS and short-range transit plans prepared by transit operators. The transit project evaluation was focused on the characteristics of individual projects based on various performance measures. Details and results are included in Appendix B. December 2019 Page 1185 RNERSIDE COUNTY TRANSPORTATION COMMISSION LRTS Loue RANGE TRANSPORTATION STUDY Table 34 — Project Level Performance Measures — State Highway and Major Roadway Projects State Freeway 1 Corridor Projects Project Improves Safety Safety is improved Project resolves specifically -identified safety issue Project indu des upgrades to improved or more current design standards 2 Serves G oads Movement Does the project serve a key goods movement corridor? 3 Provi des Conge sti on Re ief U Haan Rural LOS F to LOS A LOS F to LOS A or B LOS F to LOS B LOS F to LOS C LOS E to LOS A LOS E to LOS A or B LOS F to LOS C LOS F to LOS ❑ LOS E to LOS B LOS E to LOS C LOS F to LOS ❑ LOS F to LOS E LOS E to LOS C LOS E to LOS D LOS F to LOS E LOS D to LOS Cor Better LOS E to LOS D N/A N/A N/A LOS Dto LOS Cor Better NIA 4 Facilitates Carpool and Transit Mobil ity Does the project serve HOT/HO V lane facilities and/or transit centers? 5 Critical Linkage/NewCorridor is the project located in a high volume freeway corridor and/or lacking a continuous parallel arterial to provide congestion relief? 6 Cost -Effectiveness of Safety/Operational/Maintenance Benefits What is the projects benefit to cost ratio? Benefit to cost ratio: High Benefit to cost ratio: Medium Benefit to cost ratio: Low 7 Supports and Provides Access to C om mu nities Does the project provide access to and/or support multiple communities? December 2019 Page 1 186 RNERSIDE COUNTY TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Table 34 — Project Level Performance Measures — State Highway and Major Roadway Projects (continued) Regional Streets 1 and Roads - Capacity Increasing Projects Supports Key Regional Policies Does the project support okey regional policy? 2 Congesti on Relief Urban Rural LOS F to LOS A LOS F to LOS A or B LOS F to LOS B LOS F to LOS C LOS E to LOS A LOS E to LOS A or B LOS F to LOS C LOS F to LOS D LOS E to LOS B LOS E to LOS C LOS F to LOS ❑ LOS F to LOS E LOS E to LOS C LOS E to LOS D LOS F to LOS E LOS D to LOS Cor Better LOS E to LOS D N/A N/A N/A LOS Dto LOS Cor Better N/A 3 Improves Congested Corridors or Provides Alternative Relief toCorgested Corridors Improves congested corridors or provides alternative relief to congested corridors? 4 Cost -Effectiveness of Safety/Operational/Maintenanse Benefiis What is the projects benefit to cost ratio? Benefit to cost ratio: High Benefit to cost ratio: Medium Benefit to cost ratio: Low 5 Proje ct Improves Safety Safety is improved Project resolved specifically -identified safety issue Project indu des upgrades to improved or more current design standards 6 Provides Access to Othe r Modes of Transportation Provides access to major transit centers or HOT/HOV lanes? December 2019 Page 1 187 RNERSIDE COUNTY TRANSPORTATION COMMISSION LRTS Loue RANGE TRANSPORTATION STUDY Table 34 — Project Level Performance Measures — State Highway and Major Roadway Projects (continued) Interchange 1 Projects Project Improves Safety Safety is improved Project resolves specifically -id entified safety issue Project indu des upgradesto improved or more current design standards 2 Provides Mobility and Congestion Relief Provides reli of f or existing congested facilities? 3 Serves Congested or Developing Corridors Serves Congested or Developing Corridors 4 Serves orProvides Access Regional and/or Corri dor Transit Routes Provides access to major transit centers or HOT/HOV lanes? 5 Cost -Effectiveness of Safety/Operational/Maintenance Benefits What is the projects benefit to cost ratio? Benefit to cost ratio: High Benefit to cost ratio: Medium Benefit to cost ratio: Low 6 Serves G oads Movement Does the project serve a key goods movement corridor? 7 New Interchange is the project a new interchange and provides congestion relief to other congested interchanges? 8 Support and Provides Access to C om mu nities Does the interchange provide access to and/or support 3 or more communities? December 2019 Page 1 188 RNERSIDE COUNTY TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Table 35 — Project Level Performance Measures — Major Transit Projects Transit Projects 1 Is consistent with current regi anal, subregi anal, and local plans and policies, and Short and/or Lang Range Transit Plans Imp lem eats existing regional, subregional, an d local plans and policies and Short or tong Range Transit Plans 2 Provides improved access to activity centers or schools Improves access to activity centers or schools through an expanded transit system 3 Project will maintain established productivity standards The project can be supported and operated overtime 4 Project provides for or promotes intermadal connectivity The project enhances th eregional transportation system 5 Links High -Frequency Transit Services Does th eroute connect to other high frequency (timed transfer service or at feast 15miunute service) transit routes? 8 G HG Emi ssi ons What is the change in regional CO2 emissions from implementing the project? 7 Project serves a transit dependent popul ati on and jor community or Indi an Rese rvati on Project provides access to essential services for the transit dependent population El Project enhances interagency transit service coordination Enhances regional transportation system connectivity and ability to consolidate regional trips 9 Project reduces reliance an private automobiles Enhances air quality and reduces peak automobile travel Lo Project Ind udes Carpool/Vanpool and Regional or Corridor transit services Addresses continued system continuity 11 Project reduces vehicle congestion Reduces commuter or special event trips 12 SupportsSCSgrowth principles Project furthers implementation of theSCS 13 Estimated Project Timing More imminent projects are higher priority than those that are not ready to be implemented December 2019 Page 1 189 Chapter VII Funding of Roadway and Transit Capital Investments Riverside County Transportation Commission Riverside County Long Range Transportation Study Chapter VII. Funding of Roadway and Transit Capital Investments Introduction As RCTC funding is limited, the LRTS aims to identify the most financially viable strategy for delivery of projects identified in the LRTS State Highway and Major Roadway projects list (Appendix A) and the Major Transit projects list (Appendix B). The LRTS uses detailed estimates of the amount and timing of funding sources and compares them to the amount and timing of funding uses to develop a Sources and Uses model. This model is used to determine projections for annual and cumulative shortfalls or surpluses. Where funding shortfalls are identified, RCTC can then explore opportunities for additional funding or the use of financing to deliver the projects identified in the LRTS. This process was completed separately for the State Highway and Major Roadway (Roadway) projects and Major Transit (Transit) projects identified in the LRTS. General Assumptions Related to Funding Sources Since RCTC relies on a wide array of funding sources (see Financial Sources Analysis chapter) that vary in terms of annual amount and allowable uses, the Sources and Uses model is based on some key revenue assumptions that allow for estimating funding availability over the period of analysis from 2019 through 2045. The Sources and Uses model generally assumes annual nominal estimates are inflated by 3% annually in line with historical inflation rates for Southern California. The following are exceptions to the general inflation assumption: ✓ Measure A sales tax revenue is inflated by 2% for the first three years of the analysis and then at 3% through 2039. ✓ Local Transportation Fund (LTF) revenues are inflated at 3% for the first three years of the analysis and then at 2% thereafter. ✓ State Transit Assistance (STA) funding is inflated at 2% annually. ✓ Transportation Uniform Mitigation Fee (TUMF) revenues are only inflated at 1% due to unpredictability of development activity. For calculating cumulative surplus and shortfall amounts, it is assumed that the annual surplus/shortfall carries over to the following years. Roadway Project List Analysis The Sources and Uses model for the Roadway project list assumes that full annual estimates for Measure A sales tax, Transportation Uninform Mitigation Fee Regional Arterials (TUMF RA) , Senate Bill 1 Local Partnership Program (SB 1 LPP), State Transportation Improvement Program (STIP), Surface Transportation Block Grant (STBG) and Congestion Mitigation and Air Quality Improvement Program (CMAQ) funding are applied to Roadway capital project uses. SB 1 formula funding for Roadway projects is included but not SB 1 competitive as the funding programs are competitive. The Measure A funding estimate assumes no sales tax revenues beyond 2039 as well as no further debt December 2019 Page 1191 Riverside County Transportation Commission Riverside County Long Range Transportation Study issuance against Measure A tax revenues. The full annual estimate of Measure A funding is assumed to be used only for Roadway project needs. No revenue from Express Lanes operations was assumed for this financial analysis as those revenues are used to pay debt service and surplus revenues are limited in use within the corridor of the Express Lanes. After developing estimates for available funding, Roadway project expenditures were developed. Roadway project cost estimates provided in 2019 dollars are inflated at 3% annually in order to calculate Year of Expenditure (YOE) amounts. Also, because larger projects may take longer than one year to deliver, the Sources and Uses model spreads project costs according to the following: ✓ Projects over $100 million were spread over two (2) years ✓ Projects over $200 million were spread over three (3) years ✓ Projects over $2 billion were spread over five (5) years The full cost of a project is assumed to be expended in the year of Project completion (per the LRTS project lists), for projects under $100 million. Because the Roadway project list in this study only accounts for large projects, this analysis includes $7.7 billion in small project costs spread evenly over the analysis period. Figure 67 shows forecasted annual revenues by funding source for Roadway capital project. Figure 68 compares annual Roadway capital project funding sources to annual Roadway capital project uses. Figure 69 shows the cumulative shortfall or surplus (assuming surplus amounts are carried forward) for the entire analysis period. Figure 70 shows the total Roadway capital project funding, total Roadway capital project uses and the estimated total shortfall for the entire analysis period. Figure 67 — Annual Roadway Capital Project Funding by Source (Thousands) $600,000 $ 500,000 $400,000 $ 300,000 $200,000 $100,000 $o i 1 2 3 4 5 6 7 8 9 1011 12 1314 15 1617 1819 20 2122 23 24 25 26 27 ■ Measure A ■ 561 Formula • STIP ■ STBGP ■ TUMF ■ CMAQ December 2019 Page 1192 RIVERSIDE COUNTY TRANSPORTATION COMMISSION LRTS LpNG RANGE TRANSPORTATION STUDY Figure 68 — Annual Roadway Capital Project Funding Sources vs. Roadway Capital Project Uses (Thousands) S2, 500,000 $2,000,000 S1,500,000 $1,000,000 i i 11111111111111111111 1 2 3 4 5 6 7 8 9 1011 1213 14 1516 17 1819 20 2122 23 24 25 26 27 ■ Total Roadway Capital Project Uses ■ Total Roadway Capital Project Funding Figure 69 — Total Cumulative Roadway Capital Project Funding Surplus/Shortfall (Thousands) S2, 000, 000 $- $(2,000, 000) $(4/000,000) S(6,000,000) $(8,000,000) S(10,000,000) $(12,000,000) 'llllll IIIIIIIII CS o r- N m Lr7 tD r- GC m Q r- N m 117 to r- Ca G] o r N m Irl rI N N N N NNN N N N m m m m m m m m m m o 0 o 0 o 0 o 0 o o 0 0 o 0 o a o 0 o cc o 0 o 0 a o N N N N N NNN N N NNN N N NNN N N N N N N N N N December 2019 Page 1193 Riverside County Transportation Commission Riverside County Long Range Transportation Study Figure 70 — Total Roadway Capital Project Funding vs. Total Roadway Capital Projects Uses (Thousands) $10,598,586 $20,566,387 $(9,967,802) Total Roadway Capital Project Total Roadway Capital Project Total Roadway Capital Project Funding Uses Funding Surplus/(Shortfall) Roadway Sources and Uses Summary and Potential Funding Strategies For the analysis period 2019 through 2045, there is total funding of $10.6 billion compared to total of uses $20.57 billion resulting in a cumulative funding shortfall of $9.97 billion. This shortfall is primarily driven by three (3) large projects from the Roadway Project list: the CETAP East-West Corridor, the Mid - County Parkway, and the SR-79 widening. The East-West Corridor is the largest project on the Roadway project list at $2.367 billion ($2019). The size and complexity of this project make it a possible candidate for a Public -Private Partnership (P3) delivery model that would combine the design, construction, maintenance and financing into one contract. Also, the positive Benefit Cost Analysis (performed as part of this LRTS) makes the East-West Corridor competitive for Federal Grants such as the BUILD and INFRA programs. The Mid -County project and new SR-79 four -lane freeway are on the Measure A future project list, but have planned completion dates in 2030 (less than 10 years before the current Measure A expires), so RCTC will likely need new, or expanded, Sales Tax Measure debt capacity to fund the $3.2 billion ($2019) in project costs for these two projects. Transit Project List Analysis The primary source of Transit capital project funding is the State Transit Assistance (STA). STA annual estimates are based on RCTC forecasts and are applied to Transit project list uses and not used for Roadway project uses. In this analysis Measure A capital funding is applied to Roadway capital project December 2019 Page 1 194 Riverside County Transportation Commission Riverside County Long Range Transportation Study uses, so there is no Measure A funding assumed for Transit project capital uses. Because the Local Transportation Fund (LTF) and Low Carbon Transit Operations Program (LCTOP) funding is primarily used for operating assistance, the Sources and Uses model assumes no funding for Transit capital projects. Figure 71 shows forecasted annual revenues by funding source available for Transit project funding. SB 1 provides State of Good Repair funding at $3.9 million per year over the next 10 years, which funds transit rehabilitation projects, but has not been applied to the funding of the Transit capital projects in this study. Additional funding for Transit capital projects may result from State or Federal competitive grant programs that seek multimodal projects that increase transit usage. However, these funding programs are extremely competitive as other regions in the state have denser transit networks with higher frequencies serving larger populations. As with Roadway funding, new local funding for Transit capital projects could be derived from a new or expanded sales tax measure. After developing estimates for available funding, estimates for Transit project capital expenditures were developed. Transit project cost estimates provided in 2019 dollars are inflated at 3% annually in order to calculate Year of Expenditure (YOE) amounts. Also, because larger projects may take longer than one year to deliver, the Sources and Uses model spreads project costs according to the following: ✓ Projects over $100 million were spread over two (2) years ✓ Projects over $200 million were spread over three (3) years ✓ Projects over $2 billion were spread over five (5) years The full cost of a project is assumed to be expended in the year of Project completion (per the LRTS project lists), for projects under $100 million. Figure 72 compares annual Transit capital funding sources to annual Transit capital project uses. Figure 73 shows the cumulative shortfall or surplus (assuming surplus amounts are carried forward) for the entire analysis period. Figure 74 shows the total Transit capital project funding, total Transit capital project uses and the estimated total shortfall for the entire analysis period. Transit Sources and Uses Summary and Potential Funding Strategies For the analysis period 2019 through 2045, there is total funding of $847.04 million compared to total uses of $3.98 billion, resulting in a total cumulative funding shortfall of $3.14 billion. Large expenditures relating to major capital project completions in 2040 are the primary drivers of the shortfall. While P3 delivery could be implemented to finance larger transit projects, RCTC will likely need new, or expanded, Sales Tax Measure debt capacity to fund the $3.14 billion shortfall. Recent changes related to government regulations have resulted in potential budget implications for transit operators. These include requirements for zero -emission bus (ZEB) fleets and compliance with the Americans with Disabilities Act (ADA) that requires curb -to -curb service for senior and disabled passengers within three quarters of a mile of a fixed route. December 2019 Page 1195 RNERSIDE COUNTY TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Figure 71— Annual Transit Capital Project Funding by Source (Thousands) $45,000 $40,000 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0 C) O s-I r•J fr1 Lri or, Q7 C7 s-I r•J fr1 1 , r� r•J i'J r•J r•J i'J i'J r•J i'J r•J i'J fY7 fr1 fY7 fY7 fr1 fY7 fr1 fY7 fY7 fr1 � O C3 C7 C3 C3 C7 C7 C3 C7 C3 C7 C7 C3 C7 C7 C3 C7 C3 C7 C7 C3 C7 C7 C3 0 C] O N N N N N N N N N N N N N N N N N N N N N N N N N N N ■ STA Figure 72 — Annual Transit Capital Project Funding Sources vs. Transit Capital Project Uses (Thousands) S1,400,000 $1,200,000 $1, 000,000 $800,000 $600,000 5400,000 $200,000 $o . ■. ■ el ■ ■ ■I ■ ■I ■. ■ ■■ ■ ■� ■I ■I ■. ■ 1 ■ ■ 2019 2021 2023 2025 2027 2029 2031 2033 2035 2037 2039 2041 2043 2045 ■ Total Transit Capital Project Funding ■ Total Transit Capital Project Uses December 2019 Page 1196 RNERSIDE COUNTY TRANSPORTATION COMMISSION LRTS LpNG RANGE TRANSPORTATION STUDY Figure 73 —Total Cumulative Transit Capital Project Funding Surplus/Shortfall (Thousands) S500,000 $- $(500,000) $(1,000,000) $(1,500,000) $(2,000,0001 S(2,500,000) S(3,000,000) S(3,500,000) i 2019 20212023 2025 2027 2029 2031 2033 2035 2037 2039 2041 2043 2045 Figure 74 —Total Transit Capital Project Funding vs. Total Transit Capital Project Uses (Thousands) $847,042 $3,983,599 $(3,136,557.40) Total Transit Capital Project Total Transit Capital Project Total Transit Capital Project Funding Uses Funding Surplus/Shortfall December 2019 Page 1197 , Chapter VIII Financial Sources Analysis _.a... -. , �r r 4 cr .111"14.515- . .' Riverside County Transportation Commission Riverside County Long Range Transportation Study Chapter VIII. Financial Sources Analysis Existing Major Revenue Sources Moving Ahead for Progress in the 21sY Century (Map-21) Act restructured core highway formula programs that played a major role in previous financial forecasts. The Fixing America's Surface Transportation (FAST) Act continued those changes. Activities under some existing formula programs, such as the National Highway System Program, the Interstate Maintenance Program, the Highway Bridge Program and the Transportation Enhancement Program were incorporated into the following new core formula program structure: ✓ National Highway Performance Program (NHPP) ✓ Surface Transportation Block Grant Program (STBG) ✓ Congestion Mitigation and Air Quality Improvement Program (CMAQ) ✓ Highway Safety Improvement Program (HSIP) ✓ Railway -Highway Crossings (set -aside from HSIP) ✓ Metropolitan Planning The FAST Act replaced the Transportation Alternatives Program (TAP) under MAP-21 with a set -aside of funds under the Surface Transportation Block Grant (STBG) program to pay for transportation alternatives (TA). These set -aside funds include all projects and activities that were previously eligible under TAP, encompassing a variety of smaller -scale transportation projects such as: pedestrian and bicycle facilities; recreational trails; Safe Routes to Schools projects; community improvements, such as historic preservation and vegetation management and; environmental mitigation related to stormwater and habitat connectivity. The following funding programs are the principal sources anticipated to be available for funding transportation projects. Federal Programs Congestion Mitigation and Air Quality Improvement Program The Congestion Mitigation and Air Quality Improvement Program provides a flexible funding source to state and local governments for transportation projects and programs to help meet federal Clean Air Act requirements. Funding is available for areas that do not meet the National Ambient Air Quality Standards (non -attainment areas), as well as former non -attainment areas that are now in compliance (maintenance areas). Funds are distributed to states based on a formula that considers an area's population by county and the severity of its air quality. Riverside County CMAQ funds are allocated by RCTC. CMAQ eligible projects or programs are those that help regions attain the National Ambient Air Quality Standards for ozone, carbon monoxide, and/or particulate matter. December 2019 Page 1 199 Riverside County Transportation Commission Riverside County Long Range Transportation Study Typical projects are ✓ Public transit improvements ✓ High -Occupancy Vehicle (HOV) lanes ✓ Employer -based transportation management plans and incentives ✓ Traffic flow improvement programs (signal coordination) ✓ Fringe parking facilities serving multiple occupancy vehicles ✓ Shared ride services ✓ Bicycle and pedestrian facilities ✓ Flexible work -hour programs ✓ "PN/llo' projects, under certain conditions Highway Safety Improvement Program The FAST Act continues the Highway Safety Improvement Program to achieve a significant reduction in traffic fatalities and serious injuries on all public roads, including non -State-owned public roads and roads on tribal lands. The HSIP requires a data -driven, strategic approach to improving highway safety on all public roads that focuses on performance. A highway safety improvement project is any strategy, activity or project that is consistent with the data -driven State Strategic Highway Safety Plan (SHSP) and corrects or improves a hazardous road location or feature or addresses a highway safety problem. HSIP funds are eligible for work on any public road or publicly owned bicycle or pedestrian pathway or trail, or on tribal lands, that corrects or improves the safety for its users. The 24 project categories are broad and listed under 23 U.S.C. §148(a)(4)(B). Cities will be required to have an approved Local Roadway Safety Plan (LRSP) in order to be eligible to apply for HSIP funding. Workforce development, training and education activities are also HSIP eligible. In California, the HSIP is a competitive program that is administered by Caltrans. Railway -Highway Crossings (Section 130) Program The Railway -Highway Crossings program provides funds for safety improvements to reduce the number of fatalities, injuries, and crashes at public railway -highway grade crossings. This program is funded by contract authority from the Highway Trust Fund's Highway Account and are derived from a set -aside of the Highway Safety Improvement Program. Eligible projects include any at -grade crossing between a road and a railroad track that the California Public Utilities Commission recommends, and where a 10% match funding source is identified. The selection process begins with an investigation of any project that Caltrans, a local agency or a railroad identifies. The investigation usually consists of a field review, discussion between all parties, a jointly developed and recommended improvement and a preliminary funding schedule. The final selection is determined when the local agency provides the 10% matching funds to a project or the CPUC list of recommended highway/rail grade crossing projects. Grade Separation (Section 190) Program This competitive grant program provides $15 million each year to local agencies for the construction of grade separation projects. The program is jointly administered by the California Public Utilities December 2019 Page 1200 Riverside County Transportation Commission Riverside County Long Range Transportation Study Commission (CPUC) and the California Department of Transportation (Caltrans). Local agencies submit project applications to the CPUC, which is responsible for developing a priority list of projects. Local agencies whose projects are included on the priority list submit requests for an allocation of funds to Caltrans. Caltrans enters into funding agreements with local agencies for reimbursement of the cost to construct the grade separation. National Highway Freight Program The FAST Act established National Highway Freight Program (NHFP) to improve the efficient movement of freight on the National Highway Freight Network (NHFN). These funds are competitive and are administered by US Department of Transportation. Program goals include: ✓ Investing in infrastructure and operational improvements that strengthen economic competitiveness, reduce congestion, reduce the cost of freight transportation, improve reliability and increase productivity; ✓ Improving the safety, security, efficiency and resiliency of freight transportation in rural and urban areas; ✓ Improving the state of good repair of the NHFN; ✓ Using innovation and advanced technology to improve NHFN safety, efficiency, and reliability ✓ Improving the efficiency and productivity of the NHFN; ✓ Improving State flexibility to support multi -State corridor planning and address highway freight connectivity; and ✓ Reducing the environmental impacts of freight movement on the NHFN. National Highway Performance Program The NHPP provides support for the condition and performance of the National Highway System (NHS), for the construction of new facilities on the NHS, and to ensure that federal investments are directed toward performance targets established in a State's NHS asset management plan. Caltrans selects the projects in consultation with the Federal Highway Administration (FHWA). NHPP projects must be on an eligible facility and support progress toward achievement of national performance goals for improving NHS infrastructure condition, safety, mobility or freight movement, and be consistent with metropolitan and statewide planning requirements. Eligible activities include: ✓ NHS segment construction, reconstruction, resurfacing, restoration, rehabilitation, preservation, or operational improvements. ✓ NHS bridge and tunnel construction, replacement (including replacement with fill material), rehabilitation, preservation, and protection (including scour countermeasures, seismic retrofits, impact protection measures, security countermeasures and protection against extreme events). ✓ NHS bridge, tunnel and other highway infrastructure assets' inspection and evaluation. ✓ Training bridge and tunnel inspectors. ✓ Constructing, rehabilitating, or replacing existing ferry boats and facilities, including approaches that connect NHS road segments. December 2019 Page 1201 Riverside County Transportation Commission Riverside County Long Range Transportation Study ✓ Constructing, reconstructing, resurfacing, restoring, rehabilitating and preserving, and operational improvements for, a federal -aid highway not on the NHS. ✓ Transit projects eligible for assistance under chapter 53 of title 49, if the project is in the same corridor and in proximity to a fully access -controlled NHS route, if the improvement is more cost- effective (as determined by a benefit -cost analysis) than an NHS improvement and will reduce delays or produce travel time savings on the NHS route and improve regional traffic flow. ✓ Bicycle transportation and pedestrian walkways. ✓ NHS highway safety improvements. ✓ Capital and operating costs for traffic and traveler information, monitoring, management, and control facilities and programs. ✓ Data collection, maintenance and integration, software costs and equipment costs to develop a State Asset Management Plan for the NHS. ✓ Infrastructure -based ITS capital improvements. ✓ Environmental restoration and pollution abatement. ✓ Controlling noxious weeds and establishing native species. ✓ NHPP project environmental mitigation costs. ✓ New, publicly owned intracity or intercity bus terminals serving the NHS. Nationally Significant Federal Lands and Tribal Projects The Nationally Significant Federal Lands and Tribal Projects (NSFLTP) program provides funding for constructing, reconstructing, and rehabilitating nationally significant projects on Federal or tribal lands. Project design costs are not eligible. Any entity eligible to receive funding under the Tribal Transportation Program, Federal Lands Transportation Program, or Federal Lands Access Program [23 U.S.C. 202-204] is eligible under the NSFLTP program. In addition, a State, county, or local government may apply if sponsored by an eligible Federal land management agency or Indian tribe. The Secretary may provide financial assistance only for a single continuous project that: ✓ Is on a Federal lands transportation facility, Federal lands access transportation facility or tribal transportation facility, as defined in 23 U.S.C. 101, but the facility is not required to be listed in the national tribal transportation facility inventory [23 U.S.C. 202(b)] or the national Federal lands transportation facility inventory [23 U.S.C. 203(c)]; ✓ Has completed the National Environmental Policy Act (NEPA) process, as demonstrated by a completed record of decision, finding of no significant impact or categorical exclusion determination; and ✓ Has an estimated cost of at least $25 million (with priority consideration for projects with an estimated cost of at least $50 million). [FAST Act § 1123(c)] Nationally Significant Freight and Highway Projects Administered by FHWA, the Nationally Significant Freight and Highway Projects (NSFHP) provides financial assistance — competitive grants or credit assistance — to nationally and regionally significant freight and highway projects that align with the program goals to: ✓ Improve safety, efficiency, and reliability of the movement of freight and people; December 2019 Page 1202 Riverside County Transportation Commission Riverside County Long Range Transportation Study ✓ Generate national or regional economic benefits and an increase in U.S. global economic competitiveness; ✓ Reduce highway congestion and bottlenecks; ✓ Improve connectivity between modes of freight transportation; ✓ Enhance the resiliency of critical highway infrastructure and help protect the environment; ✓ Improve roadways vital to national energy security; ✓ Address the impact of population growth on the movement of people and freight, and; ✓ Mitigate impacts of freight movements on communities. Surface Transportation Block Grant Program The FAST Act converts the long-standing Surface Transportation Program into the Surface Transportation Block Grant Program. STBG provides flexible funding that states and local governments may use for projects on any federal -aid highway, including the National Highway System; bridge projects on any public road; transit capital projects and; public bus terminals and facilities. Funds are distributed among the states based on federal -aid highway lane miles, (including on the NHS), total vehicle -miles traveled on those federal -aid highways, and estimated contributions to the Highway Trust Fund's Highway Account. A portion of the STBG is set aside for Transportation Alternatives, State Planning and Research, and funding for bridges not on federal -aid highways. The State sub -allocates Federal STBG funds to regions based on population, and RCTC is responsible for allocating these funds. MAP-21 permits a portion of funds reserved for rural areas to be spent on rural minor collectors. Eligible projects include but are not limited to: ✓ Highway projects. ✓ Bridges (including construction, reconstruction, seismic retrofit and painting) on all public roads ✓ Transit capital improvements. ✓ Carpool, bicycle and pedestrian facilities. ✓ Safety improvements and hazard elimination. ✓ Research and traffic management systems. ✓ Planning ✓ Transportation enhancement activities and control measures. ✓ Safety improvements and bridge replacement projects on local roads and rural minor collectors. Federal Transit Administration Section 5303, 5304, and 5305 (Metropolitan and Statewide and Nonmetropolitan Planning) Provides procedural and funding requirements for multimodal transportation planning in states and metropolitan areas. Planning must to be cooperative, continuous, and comprehensive leading to long- range plans and short-range programs that reflect transportation investment priorities. Funds are available to State's and Metropolitan Planning Organizations (MPOs) for planning activities that do the following: ✓ Support the economic vitality of the metropolitan area, especially by enabling global competitiveness, productivity, and efficiency. ✓ Increase the safety of the transportation system for motorized and nonmotorized users. December 2019 Page 1203 Riverside County Transportation Commission Riverside County Long Range Transportation Study ✓ Increase the security of the transportation system for motorized and nonmotorized users. ✓ Increase the accessibility and mobility of people and for freight. ✓ Protect and enhance the environment, promote energy conservation, improve the quality of life, and promote consistency between transportation improvements and State and local planned growth and economic development patterns. ✓ Enhance the integration and connectivity of the transportation system, across and between modes, for people and freight. ✓ Promote efficient system management and operation. ✓ Emphasize the preservation of the existing transportation system. Federal Transit Administration Section 5307 (Urbanized Area Formula Program Grants) The Urbanized Area Formula Funding program provides Federal resources to urbanized areas and to Governors for transit capital and operating assistance and for transportation related planning. As determined by the U.S. Department of Commerce's Bureau of the Census, an urbanized area is defined as an area with a population of 50,000 or more. SCAG, in conjunction with RCTC, provide the transit operators with available funding amounts. Activities eligible to receive funding include: ✓ Planning, engineering, design and evaluation of transit projects and other technical transportation - related studies. ✓ Capital investments in bus and bus -related activities such as replacement of buses, overhaul of buses, rebuilding of buses, crime prevention and security equipment and construction of maintenance and passenger facilities. ✓ Capital investments in new and existing fixed guideway systems including rolling stock, overhaul and rebuilding of vehicles, track, signals, communications, and computer hardware and software. Federal Transit Administration Section 5310 (Enhanced Mobility of Seniors and Individuals with Disabilities [New Freedom]) This is a formula grant program that is intended to enhance mobility for seniors and persons with disabilities by providing funds for programs to serve the special needs of transit -dependent populations beyond traditional public transportation services and ADA complementary paratransit services (Dial -A - Ride). Section 5310 funds are awarded through a statewide competition. A Local Review Committee in each county quantitatively evaluates all applications submitted for its area, ranks them, and submits the scores to Caltrans for the statewide competition. Capital assistance is provided for up to 88.53% of the net project cost. Federal Transit Administration Section 5311 (Rural Area Formula Grants) This program provides formula -based funding for capital and/or operating assistance to rural areas with a population fewer than 50,000 where many residents rely on public transit to reach their destinations. Capital assistance is provided for up to 88.53% of the net project cost. Operational assistance has a 50% federal participation ceiling. SCAG, in consultation with RCTC, provide the rural transit operators December 2019 Page 1204 Riverside County Transportation Commission Riverside County Long Range Transportation Study with available funding amounts. Federal Transit Administration Section 5312 (Mobility on Demand and Public Transportation Innovation) This program supports research activities that improve the safety, reliability, efficiency, and sustainability of public transportation by investing in the development, testing, and deployment of innovative technologies, materials, and processes; carry out related endeavors; and to support the demonstration and deployment of low -emission and no -emission vehicles to promote clean energy and improve air quality. Federal Transit Administration Section 5337/5339 (Fixed Guideway Capital Investment Grants) This is FTA's primary grant program for funding major transit capital investments, including: rapid rail, light rail, bus rapid transit, commuter rail and ferries. Section 5309 provides grants for new and expanded rail, bus rapid transit and ferry systems that reflect local priorities to improve transportation options in key corridors. This program defines a new category of eligible projects, known as core capacity projects, which expand capacity by at least 10% in existing fixed -guideway transit corridors that are already at or above capacity today, or are expected to be at or above capacity within five years. The program also includes provisions for streamlining the New Starts process to increase efficiency in meeting critical milestones Federal Transit Administration Section 5337 (State of Good Repair) The State of Good Repair program is dedicated to repairing and upgrading the nation's rail transit systems along with high -intensity motor bus systems that use high -occupancy vehicle lanes, including bus rapid transit. These funds reflect a commitment to ensuring that public transit operates safely, efficiently, reliably, and sustainably so that communities can offer balanced transportation choices that help to improve mobility, reduce congestion, and encourage economic development. Federal Transit Administration Section 5339 (Bus and Bus Facilities) The Bus and Bus Facilities Infrastructure Investment Program (49 U.S.C. 5339) provides federal resources to states and direct recipients to replace, rehabilitate and purchase buses and related equipment. This programs also allows for the construction of bus -related facilities including technological changes or innovations to modify low or no emission vehicles or facilities. Program funding is provided through formula allocations and competitive grants. A sub -program, the Low- or No -Emission Vehicle Program, provides competitive grants for bus and bus facility projects that support low and zero -emission vehicles. Federal Transit Administration Transit -Oriented Development Planning Pilot Provides funding to advance planning efforts that support transit -oriented development (TOD) associated with new fixed -guideway and core capacity improvement projects. TOD focuses growth December 2019 Page 1205 Riverside County Transportation Commission Riverside County Long Range Transportation Study around transit stations to promote ridership, affordable housing near transit, revitalized downtown centers and neighborhoods, and encourage local economic development. U.S. Department of Transportation - Better Utilizing Investment to Leverage Development (BUILD) Transportation Grants Program Formerly known as the Transportation Investment Generating Economic Recovery (TIGER) grant program, BUILD transportation grants seek to fund investments in surface transportation infrastructure that will have a significant impact on local or regional facilities. BUILD funding is available for roads, bridges, transit, rail, ports, or intermodal transportation projects, and are extremely competitive. Recreational Trails Program The Recreational Trails Program (RTP) provides funds annually for recreational trails and trails -related projects. The RTP is administered at the federal level by the Federal Highway Administration. It is administered at the state level by the California Department of Parks and Recreation (DPR). Non - motorized projects are administered by the Department's Office of Grants and Local Services and motorized projects are administered by the Department's Off -Highway Motor Vehicle Recreation Division. Eligible applicants include; cities and counties, districts, state agencies, federal agencies, and non-profit organizations with management responsibilities of public lands. State Programs Senate Bill 1 Senate Bill (SB) 1 (The Road Repair and Accountability Act of 2017), provides the largest increase in state transportation funding in the last 25 years. SB 1 provides additional funding through 2028 for transportation programs detailed in this chapter (including ATP, SHOPP, STIP, and Local Streets/Roads funds). It also revives programs that were part of the now expired Prop 1B. The California Transportation Commission is responsible for administering SB 1 funding programs, which include: ✓ Local Partnership Program (LPP) — LPP funds are for counties that employ local transportation funding taxes or that have imposed fees, including uniform developer fees. As part of SB 1, there are two parts to the program: 50% of the funding is provided by a formula to counties that have dedicated transportation sales taxes (Self-help Counties), and 50% of the funding is provided by a competitive program for eligible entities. Eligible projects include: • State highway and local road system improvements for major rehabilitation, mobility and congestion relief through new capacity, and safety and operational improvements. • Transit facility improvements. ■ Transit equipment purchases. • Bicycle or pedestrian infrastructure improvements for safety or mobility. ■ Transportation infrastructure environmental mitigation on a locality's or region's air quality or water quality, commonly known as "urban runoff," including capturing or treating it. • Project -level environmental impact mitigation (sound walls, landscaping, wetlands or habitat restoration or creation, replacement plantings, and drainage facilities). December 2019 Page 1206 Riverside County Transportation Commission Riverside County Long Range Transportation Study ■ Freeway soundwalls, under specified conditions. • Road maintenance and rehabilitation ✓ Trade Corridor Enhancement Program (TCEP) — The TCEP program is competitive and funds infrastructure improvements on federally designated Trade Corridors of National and Regional Significance, on the Primary Freight Network, and along other corridors that have high freight volumes. Freight projects contribute to the freight system's economic activity or vitality; relieve congestion; improve the system's safety, security, or resilience; improve or preserve system infrastructure; implement technology or innovation to reduce or avoid negative impacts; or reduce or avoid the system's adverse community and/or environmental impacts. SB 1 also created the following new funding program: ✓ Solutions for Congested Corridors Program (SCCP) — The SCCP is competitive and funds projects designed to reduce congestion in highly traveled and highly congested corridors through performance improvements that balance transportation improvements, community impacts, and that provide environmental benefits. Improvements may be on the state highway system, local streets and roads, public transit facilities, bicycle and pedestrian facilities or required mitigation or restoration or some combination thereof. All projects nominated for the SCCP must be in a comprehensive multimodal corridor plan and will only fund the construction component of a project. Active Transportation Program The Active Transportation Program (ATP) consolidates existing federal and state transportation programs, including the Transportation Alternatives Program, Bicycle Transportation Account (BTA) and State Safe Routes to School, into a single program with a focus on making California a national leader in active transportation. The CTC administers the ATP program. SB 1 also contributes approximately $100 million per year to the ATP program. The ATP encourages active transportation modes by: ✓ Increasing biking and walking trips; ✓ Increasing non -motorized users' safety and mobility; ✓ Advancing regional agencies active transportation efforts to achieve greenhouse gas (GHG) reduction goals, pursuant to SB 375 (of 2008) and SB 341 (of 2009); ✓ Enhancing public health; ✓ Ensuring that disadvantaged communities fully share in the program's benefits, and ✓ Providing a broad spectrum of projects to benefit many types of active transportation users. RCTC member agencies are eligible to compete at the statewide level for ATP funds and at the MPO level through the Southern California Association of Governments (SCAG). Cap and Trade California's Cap -and -Trade Program (derived from AB-32, the California Global Warming Solutions Act, December 2019 Page 1207 Riverside County Transportation Commission Riverside County Long Range Transportation Study 2006) is an emissions trading program designed to reduce greenhouse gases from multiple sources. The State's proceeds from Cap -and -Trade auctions are deposited in the Greenhouse Gas Reduction Fund (GGRF) and are used to achieve GHG emission reductions. The following transportation programs are funded through GGRF allocations: ✓ Active Transportation Program: (Described above) ✓ Low Carbon Transit Operations Program (LCTOP): The LCTOP provides transit agencies with operating and capital assistance to reduce greenhouse gas emissions and improve mobility, with a priority on serving disadvantaged communities. LCTOP projects support new or expanded bus or rail services, expanded intermodal transit facilities, and may include equipment acquisition, fueling, maintenance and other costs to operate those services or facilities. For agencies whose service area includes disadvantaged communities, at least 50% of funds received are used on projects to benefit disadvantaged communities. ✓ The Transit and Intercity Rail Capital Program (TIRCP): Created by Senate Bill (SB) 862 and modified by SB 9 to provide grants from the GGRF to fund transformative capital improvements that will modernize California's intercity, commuter, and urban rail systems, and bus and ferry transit systems to significantly reduce emissions of greenhouse gases, vehicle miles traveled, and congestion. SB 1 continues to provide a historic funding increase for transportation with funds directed to the TIRCP from the Public Transportation Account for new programming to achieve the following objectives: • Reduction in greenhouse gas emissions; ■ Expand and improve transit service to increase ridership; ■ Integrate the rail service of the state's various rail operations, including integration with the high-speed rail system; and ■ Improve transit safety Local Transportation Funds The Transportation Development Act (TDA) provides two major sources of funding for public transportation: The Local Transportation Fund (LTF) and the State Transit Assistance fund (STA). Local Transportation Funds (LTF) are derived from %-cent of the statewide sales tax. LTF revenue is returned to local governments, primarily for public transportation; however, bicycle and pedestrian facilities, and streets and roads may also qualify. The LTF is distributed to each city and unincorporated area based on population. State Transportation Improvement Program The State Transportation Improvement Program (STIP) is split into two programs: The Regional Transportation Improvement Program (RTIP) and the Interregional Transportation Improvement Program (ITIP). The STIP is developed by and approved by the CTC by April of every even year. Pursuant to SB 45, 75% of overall STIP funding goes to regional authorities to pay for approved RTIP projects, and the remaining 25% to pay for ITIP projects, as determined by Caltrans. Once the SCAG region has selected RTIP projects, the CTC must allocate funds based on estimated construction costs. The funds are programmed in the Federal Transportation Improvement Programs (FTIP). Eligible projects include: ✓ Local streets and roads December 2019 Page 1208 Riverside County Transportation Commission Riverside County Long Range Transportation Study ✓ Public transit ✓ Intercity transit ✓ Pedestrian and bikeway facilities ✓ State highway improvements ✓ Grade separations ✓ Intermodal facilities ✓ Safety projects ✓ Transportation System Management projects ✓ Soundwalls ITIP funds represent 25% of available State Highway Account funding. Caltrans programs the funds on a statewide priority basis, primarily for the State highway system (outside urbanized areas). Regional agencies may also nominate projects that generate economic development. Regional agencies and Caltrans should work to coordinate the process of nominating projects that generate economic development. Eligible projects include: ✓ Interregional roads (outside of metropolitan areas) ✓ Federal Highways ✓ State Highways ✓ Intercity rail ✓ "Flex" projects which promote economic development Senate Bill 821 (SB 821) Bicycle and Pedestrian Facilities Program Each year 2% of the LTF revenue is made available for use on bicycle and pedestrian facility projects. RCTC allocates SB 821 funds through a biennial Call for Projects. All of the cities and the County of Riverside are notified of available funding and are requested to submit project proposals. Eligible projects include sidewalks, access ramps, bicycle facilities, and bicycle plan development. An evaluation committee typically reviews and ranks the projects based on evaluation criteria approved by RCTC. State Highway Operation and Protection Program The State Highway Operation and Protection Program (SHOPP) maintains the highway system's operational integrity and safety through a variety of projects, including pavement rehabilitation seismic retrofit, land and building projects, landscaping, some operational improvements and bridge replacements. Unlike the STIP, SHOPP projects may not increase roadway capacity. SHOPP revenues are not formula -based, meaning the Riverside County region could receive a large share of revenues in one cycle, and much less in future cycles. SHOPP projects are selected by Caltrans; however, local agencies are encouraged to work with Caltrans in identifying projects for this program. State Transit Assistance Fund The State Transit Assistance fund is derived from a portion of the Motor Vehicle Fuel Tax. The STA supports public transportation services and is apportioned through the Regional Transportation Planning Agencies (RTPA), such as RCTC, to their member agencies on a population basis, although some December 2019 Page 1209 Riverside County Transportation Commission Riverside County Long Range Transportation Study funds are apportioned directly to transit agencies based on their farebox revenues. STA funds may be used for mass transit (capital or operating expenses) or transportation planning but not streets and roads. Strategic Growth Council Sustainable Communities Planning Grants The principal goal of this grant program is to fund the development and implementation of plans that lead to significant reductions in greenhouse gas emissions in a manner consistent with the State Planning Priorities, AB 32: The California Global Warming Solutions Act of 2006 and the current Environmental Goals and Policy Report (EGPR), if available. This grant program is meant to foster the development of sustainable communities throughout California. It is designed to help local governments meet the challenges of adopting land use plans and integrating strategies to transform communities and create long-term prosperity. Sustainable communities shall promote equity, strengthen the economy, protect the environment, and promote healthy, safe communities. Local Programs Toll Revenue Congestion -pricing (also known as peak -hour pricing) involves charging tolls or fees to transportation system users during peak hours. Implementation of Express Lanes is a strategy of congestion pricing. Routinely, service demands exhibit a peaking characteristic related to the time of day or seasonal time of the year. The 91 Express Lanes currently applies a time of day pricing policy, which charges higher tolls in the peak period allowing for a more reliable trip in the Express lanes during the most congested part of the day. RCTC's venture into tolling expanded the agency's funding and financing options for the design and construction of the currently operational 91 Express Lanes and the future 15 Express Lanes, currently in construction. Toll revenue is a new funding source in addition to Measure A and traditional state and federal funding sources. For the construction of the 91 Express Lanes, RCTC pledged future toll revenue through the following financing options — a federal loan, toll revenue bonds, and sales tax bonds. For three years (August 2010 until July 2013) RCTC attempted and eventually succeeded in receiving a large, federal loan of $421 million through the federal Transportation Investment Finance and Innovation Act (TIFIA). RCTC was also successful in selling $177 million of toll revenue bonds to investors. The completed 91 Project financing was accomplished in July of 2013 and resulted in RCTC borrowing over $1 billion composed of the TIFIA loan, toll revenue bonds, and Measure A sales tax bonds. Toll revenue is being used to repay the loan and the toll revenue bonds. For the construction of the 15 Express Lanes, RCTC secured a TIFIA loan of $152 million and Measure A sales tax bonds of $114 million. December 2019 Page 1210 Riverside County Transportation Commission Riverside County Long Range Transportation Study For both facilities, future toll operations and maintenance are planned to be 100% funded by future tolls. As a result of the financing success from the 91 Express Lanes and 15 Express Lanes, RCTC will continue to use toll revenue in the following ways: 1) Future toll revenue to borrow against to help fund capital and Operation and Maintenance (O&M) costs of express lane facilities (e.g. project financings for the 91 and 15 Express Lanes); 2) Surplus Toll Revenue to use for Commission -approved transportation projects in the corridor from which the surplus toll revenue was generated (statutorily mandated). City/County Revenue Funds Several transportation funding sources have their origins in city or County revenues. These include general fund revenues used for street purposes, gas tax shares, proceeds from bond sales for street purposes, street assessment levies and traffic safety fund revenues. Transportation Uniform Mitigation Fee Transportation Uniform Mitigation Fees (TUMF) are an important part of the Measure A extension. The TUMF programs for the Western Riverside County subregion and the Coachella Valley subregion ensure that future development contributes its fair share toward infrastructure costs to mitigate new growth's cumulative, indirect and regional transportation impacts consistent with the State's Mitigation Fee Act. The fees help fund improvements to maintain the target levels of service in the face of higher traffic volumes that new developments bring. Measure A Riverside County Local Sales Tax — Measure A Funds Measure A was extended for an additional 30-years in 2002 following expiration of the original Measure, which began in 1989 and expired in 2009. Measure A is administered by RCTC for the purpose of collecting a % cent local transaction and use tax for transportation. Measure A was enacted to fill the funding shortfall to: implement necessary highway, commuter rail, and transit projects; secure new transportation corridors through environmental clearance and right of way purchases; provide adequate maintenance and improvements on the local street and road system; promote economic growth throughout the county; and provide specialized programs to meet the needs of commuters and the specialized needs of the growing senior and disabled population. Approximately $4.662 billion will be collected over the 30-year period between 2009 and 2039 for a variety of transportation mode improvements and programs in Riverside County. December 2019 Page 1211 Riverside County Transportation Commission Riverside County Long Range Transportation Study Other Potential Revenue and Funding Opportunities Despite the passage of SB 1, other funding sources have not kept pace with inflation. Fuel efficiency has led to decreased gasoline taxes, and the Great Recession negatively impacted all funding levels leaving a major revenue shortfall for system expansion, preservation, and operating and maintenance. This shortfall is expected to continue for two very basic reasons: (1) the revenues to support the transportation network's maintenance and improvements are not increasing fast enough to keep pace with inflation and (2) the demands for more maintenance and improvements have expanded beyond the normal inflation rate. In 2013, the Congressional Budget Office reported that: "the current trajectory of the Highway Trust Fund is unsustainable. Starting the fiscal year 2015, the trust fund will have insufficient amounts to meet all of its obligations, resulting in steadily accumulating shortfalls." Originally, transportation funding was established with a strong connection between revenue and expenses. Unfortunately, because of increased auto fuel efficiency, fuel taxes that have not historically been indexed for inflation and a new reliance on sales taxes, the previously strong connection to revenue sources and use has deteriorated. The following section discusses a variety of financing mechanisms that would be implemented at local, regional, or state levels, which may potentially provide relief for the transportation revenue shortfall. Environmental Enhancement and Mitigation Program Applicants may apply to undertake environmental enhancement and mitigation projects that are directly or indirectly related to modifying existing transportation facilities, or for new transportation facilities' design, construction or expansion. The Environmental Enhancement and Mitigation Program (EEM) is administered by Caltrans and projects must be over and above required mitigation for the related transportation project. All participating project costs incurred are funded in arrears on a reimbursement basis of the state's proportionate share of actual costs. No matching funds or cost shares from the applicant or other funding sources are required to apply for an EEM grant; however, projects with the greatest funding match will be rated highest. Grants are generally limited to $350,000. Any local, state, or federal agency or non-profit entity may apply for and receive grants. Benefit Assessment District Fees An assessment district is an area of land specifically benefiting from a public improvement. A property tax assessment is levied against each parcel that benefits from the improvement, in proportion to the benefit. Bonds are then sold to finance improvements; which landowners repay over time. Traditionally this approach has been used to finance urban public improvement projects (i.e. sewer, water, curbs, gutters, etc.) on a community or neighborhood level. Using this approach on a "regional" basis has proven problematic because of the multiple legislative bodies (i.e. City Councils, Boards of Supervisors, etc.) necessary to achieve political consensus. In addition, there could be great difficulty in establishing a regionwide zone of benefit. December 2019 Page 1212 Riverside County Transportation Commission Riverside County Long Range Transportation Study "Local" Motor Vehicle Fuel Tax SB 215 allows counties to hold general elections for a local sales tax on motor vehicle fuel (gasoline, diesel) to finance the regional transportation network. The uses, execution, advantages and disadvantages are like that of a sales tax. One advantage is that it is user -oriented. Because fuel consumption is related to road use, heavier users bear a higher burden of the cost. Instituting a local gas tax is a relatively equitable local financing option. Motor fuel taxes are easily administered and are tied to fuel prices that tend to rise with inflation. Some of the issues relating to this type of program include: ✓ The ballot initiative requires approval from a majority of the city governments with a majority of the county's population. ✓ Both a majority of city governments representing a majority of the population and the county supervisors must agree on a distribution formula before the measure can be placed on the ballot. ✓ A two-thirds majority vote is required for approval. ✓ Statutes do not limit the tax increase that may be considered. Motor Vehicle Taxes and Fees (Statewide, Regionally or Locally) An array of fees and taxes on motor vehicles could be increased and implemented statewide, regionally or locally to generate transportation funds. Examples include vehicle registration surcharges (similar to the Air District's AB 2766 fees currently collected); increased surcharges on driver's license fees; mileage taxes; parts and repair excise taxes; heavy -vehicle taxes; fees for "vanity plates," tire taxes, and personal property taxes on motor vehicles. One of this approach's drawbacks, however, is the need for enabling legislation (statewide, regionally or locally). Public and Private Parking Fees This mechanism increases public and private parking charges and institutes parking fees where parking is now free. Major metro areas in California have become more aggressive in pricing downtown parking -- both at meters and in lots. In some cities, extending parking lot hours and substantially greater enforcement have increased parking fee revenues. Often these funds are treated as a general fund source rather than tied to specific transportation expenditures. If public parking fees were to be initiated, several issues would need to be addressed. For example, the fees would probably have to be implemented on a countywide or subregional basis to address equity and consistency issues among the local jurisdictions. In addition to representing a potential revenue source, parking pricing has also been shown to be one of the most significant factors in reducing drive - alone trips and is used as a common transportation demand management strategy. Regional Transportation Facilities Impact Fee A regional transportation facilities impact -fee would distribute the costs of regional transportation facilities among all new development within the region, using the size of a proposed development or estimates of a project's trip generating capacity as criterion. This type of development impact fee December 2019 Page 1213 Riverside County Transportation Commission Riverside County Long Range Transportation Study would be required to meet AB 1600 nexus findings in order to be implemented. The reauthorization of Measure A required that all local agencies participate in their subregion's TUMF Program or risk losing their local street maintenance and rehabilitation funding authorized by the Measure. Vehicle Miles Traveled Fee This financing mechanism is a vehicle -use fee based on the number of miles driven, which has the potential to generate substantial revenues, implement increased -mobility policy goals and is strongly related to transportation demand and congestion. Vehicle Miles Traveled fees would appear to be a stable and growing source of revenue given Californians' propensity to use their automobiles. VMT fees also would maintain an ability to capture revenues from a growing fleet of alternative fuel vehicles within the state. Caltrans conducted a Road Charge Pilot Program, with a final report released in 2017, which successfully tested the feasibility of critical elements of this new potential revenue system for transportation funding. However, many political and feasibility questions remain unanswered and will require additional investigation into the mechanics and policy issues of implementing a road charge fee in California. Emissions Fee An emissions fee could work in a manner similar to the Vehicle Miles Traveled fee program, except that user charges would be based on emission levels rather than miles traveled. The measure would be recorded at the time the vehicle is smog checked, and the driver would pay a fee based on a sliding scale. Revenue formulas would have to be adjusted due to California's vehicle fleet becoming "cleaner" as older polluting vehicles are retired and replaced with vehicles that have improved emission technology. FTA Section 5312 (1) The Transit Cooperative Research Program (49 U.S.C. 5313; TCRP) is an applied, contract research program that develops near -term, practical solutions to problems facing transit agencies. The transit industry -driven program, promotes the public transportation industry's operating effectiveness and efficiency by conducting practical, near -term research designed to solve operational problems, adopt useful technologies from related industries and introduce innovation that provides better customer service. The industry -driven program serves as one of the principal means by which the transit industry can develop innovative short-term solutions to meet demands placed on it. Transportation Infrastructure Finance and Innovation Act (TIFIA) On July 20, 2017 the U.S. Department of Transportation announced an award of $152 million to RCTC to help finance the construction of the new 1-15 Express Lanes. The funds come from US DOT's Transportation Infrastructure Finance and Innovation Act; a rigorous program available to creditworthy, financially -sound agencies such as RCTC. This major award will help offset the local taxpayers' share of the project cost and allowed RCTC and its contractor to get to work in 2018 on the 1-15 Express Lanes, December 2019 Page 1214 Riverside County Transportation Commission Riverside County Long Range Transportation Study which will reduce congestion, improve quality of life, and deliver commuters valuable time savings. The lanes are expected to open in mid-2020. The Transportation Infrastructure Finance and Innovation Act program provides credit assistance for qualified projects of regional and national significance. Many large-scale, surface transportation projects - highway, transit, railroad, intermodal freight, and port access - are eligible. Eligible applicants include state and local governments, transit agencies, railroad companies, special authorities, special districts, and private entities. The TIFIA credit program is designed to fill market gaps and leverage substantial private co -investment by providing supplemental and subordinate capital. Each dollar of Federal funds can provide up to $10 in TIFIA credit assistance and support up to $30 in transportation infrastructure investment. MAP-21 reforms included a 10 percent set -aside for rural projects; an increase in the share of eligible project costs that TIFIA may support; and a rolling application process. Public -Private Partnerships A public -private partnership (PPP or P3) represent a broad category of financing mechanisms that are being used to harness public sector participation. PPPs have been used with mixed success in several states nationwide. Before PPP can become a viable option, it must be approved by the state legislature. Other Emerging Potential Funding Sources As mobility innovations in the previous section emerge in Riverside County, RCTC should explore implementation of new forms of revenue collection to ensure that new forms of mobility are deployed in an optimal manner. For example, several jurisdictions, including Chicago and Portland, Oregon have assessed a per booking fee on Transportation Network Companies (e.g., Uber and Lyft). Fees on TNCs are appropriate to provide facilities for TNC's, such as dedicated curb space, and can also be used to support public transportation. Ideally TNC fees should incentivize higher occupancy — a TNC carrying one passenger should be assessed a higher fee than one carrying multiple passengers. Similarly, TNC trips to areas with peak period congestion, such as central business districts or major transit hubs should be assessed a higher fee to offset the congestion impacts of TNCs in these environments. Another potential emerging source of funding would be an assessment on automated and connected vehicles to finance some or all the roadway infrastructure that ACVs require and benefit from. Summary Table Appendix D summarizes many of the key funding programs described in this section and notes their applicability to different transportation modes and types of transportation projects and programs. December 2019 Page 1215 Chapter IX Riverside County Congestion Management Program RIVERSIDE COUNTY TRANSPORTATION COMMISSION LONG RANGE TRANSPDRTAnON srupr Riverside County Transportation Commission Riverside County Long Range Transportation Study Chapter IX. Riverside County Congestion Management Program Introduction There are two congestion management requirements that counties comply with: federal Congestion Management System (CMS) process and State Congestion Management Program (CMP). This chapter explains the difference and RCTC's approach in developing its Riverside County CMP. The State of California established the CMP in 1990 under Proposition 111. The federal CMS process is required by Federal Highway Administration 23 CFR, which the Southern California Association of Governments (SCAG) is primarily responsible for ensuring implementation by the county transportation commissions within the SCAG region. There are distinct differences among the State and Federal congestion management requirements. State CMP As mentioned above, Proposition 111 set up a process for each metropolitan county in California to designate a Congestion Management Agency (CMA) that would be responsible for development and implementation of the CMP within county boundaries. The intent of the State's CMP is to more directly link land use, transportation, and air quality, thereby prompting reasonable growth management programs that will effectively utilize new transportation funds, alleviate traffic congestion and related impacts, and improve air quality. A number of counties within California have developed a CMP with varying methods and strategies to meet the intent of the CMP legislation. CMP legislation (AB 471, AB 1791, AB 1963, and AB 2419) established the process for designating the Congestion Management Agency (CMA). RCTC was designated the CMA in 1990 by the Riverside County Board of Supervisors and a majority of cities representing a majority of the population in the incorporated area. The CMA has the authority to monitor compliance with the adopted program. An amendment to the Government Code requires the CMA to update and adopt the CMP every two years (biennially) consistent with development of the Regional Transportation Improvement Program (RTIP). Overtime, the State amended the language to allow for voluntary implementation of the CMP. Subsequently, AB 32 and SB 375 were passed by the legislature that emphasized the reduction of greenhouse gases by reducing vehicle miles traveled and the development of a Sustainable Communities Strategy (SCS) that each Metropolitan Planning Organization agency must prepare in conjunction with its Regional Transportation Plan (RTP). Locally, RCTC continued implementing its half - cent sales tax, Measure A, that provided for a list of projects and programs to relieve congestion. In addition, Transportation Uniform Mitigation Fee (TUMF) programs administered by the Coachella Valley Association of Governments (CVAG) and Western Riverside Council of Governments (WRCOG) December 2019 Page 1217 Riverside County Transportation Commission Riverside County Long Range Transportation Study funded transportation improvements on arterials, highway interchanges, grade separations and transit. Due to the evolving CMP legislation, SB 375 SCS requirement, and state (SB 1/Active Transportation Program) and local funding revenue streams that address transportation needs, the State CMP requirements are outdated and duplicative. Federal CMP The Riverside County CMP was significantly modified in 1997 to focus on federal Congestion Management Process requirements, as well as incorporate certain elements of the State CMP requirements. Federal Highway Administration (FHWA) 23 CFR §450.320 requires that each transportation management agency (TMA) address congestion management through a process involving an analysis of multimodal metropolitan -wide strategies that are cooperatively developed to foster safety and integrated management of new and existing transportation facilities eligible for federal funding. SCAG is the TMA for the Southern California Region, including Riverside County. The requirements specifically state that "in TMAs designated as nonattainment for ozone or carbon monoxide, the congestion management process shall provide an appropriate analysis of reasonable (including multimodal) travel demand reduction and operational management strategies for the corridor in which a project that will result in a significant increase in capacity for single occupancy vehicles (SOV) is proposed to be advanced with Federal funds." Additionally, the guidelines state that "federal funds may not be programmed for any project that will result in a significant increase in the carrying capacity for SOVs (i.e., a new general purpose highway on a new location or adding general purpose lanes, with the exception of safety improvements or the elimination of bottlenecks), unless the project is addressed through a congestion management process meeting the requirements of this section." The SCAG (RTP/SCS) serves as the long-range transportation plan for the Southern California region. The RTP/SCS, and the Riverside County CMP, meet the requirements of 23 CFR §450.320 by collectively incorporating the following federal congestion management process: (1) performance monitoring and measurement of the regional transportation system; (2) multimodal alternatives and non-SOV analysis; (3) land use impact analysis; (4) the provision of congestion management tools; and (5) integration with the Federal Transportation Improvement Program (FTIP) process. The Commission will continue to develop and update the CMP to coincide with the development of the RTP/SCS and FTIP in cooperation with local governments and subregional planning agencies (WRCOG and CVAG). SCAG is responsible for determining consistency of each CMP within the SCAG region with federal CMS requirements, the RTP/SCS, and air quality management plans. The Riverside County CMP combines certain requirements of the State's CMP with a greater emphasis on the Federal CMS, resulting in monitoring of the state highway and major roadway/regional arterial transportation system. December 2019 Page 1218 Riverside County Transportation Commission Riverside County Long Range Transportation Study CMP System Designated System of Highways and Principal Arterials: ✓ All State Highway facilities in Riverside County. Consideration may be given to the following conditions when designating Principal Arterials: ✓ Routes identified on Caltrans' "Functional Classification System" as "Principal Arterials" ✓ Designated expressways. ✓ Facilities linking cities/communities (interregional facilities), and major activity centers (shopping malls, major industrial/business parks, stadiums, etc.). The 2019 CMP System considers the criteria identified above, including arterial facilities added to the Federal Functional Classification System and regional TUMF facilities. Transportation Modeling Transportation computer models applied in Riverside County include the Riverside County Traffic Analysis Model (RivTAM), and the SCAG Regional Transportation Model. The RivTAM model was a multi -agency effort to develop a more detailed roadway network than the SCAG Regional Model. A new Riverside County Model (RivCOM) is expected in January 2020. The SCAG Regional Transportation Model is continually revised/updated (calibrated/validated) and has been available for use by local agencies in reviewing regionally significant development projects, or transportation projects. In addition, SCAG developed a regionwide demographic database system to collect accurate data for development of the RTP/SCS. The RTP/SCS considers land use development patterns, transportation systems, population and housing needs to develop policies and strategies that will accommodate future growth and demand. Locally, WRCOG, CVAG, and the County of Riverside have taken lead roles in the development of a Geographic Information System (GIS) to monitor growth in the County so that socioeconomic and land use databases can be easily developed and maintained. SCAG has developed model consistency guidelines to assist public agencies and traffic engineering professionals with the development of local models that are consistent with the SCAG Regional Transportation Model. The objective of these guidelines is to improve communications between affected agencies to simplify the exchange of data and improve databases and modeling results at both the local and regional level. Performance Standards This section describes the multimodal system performance standards for Riverside County in accordance with CMP legislation and federal CMS requirements. Standards are presented in this section for the System of Streets and Roads and for the Public Transit/Alternative Mass Transit System. December 2019 Page 1 219 Riverside County Transportation Commission Riverside County Long Range Transportation Study System of Streets and Highways Established Minimum Level of Service Most local agencies in Riverside County and Caltrans have adopted Level of Service (LOS) standards of "C" or "D" to maintain a desired LOS for the local circulation system. To address CMP requirements, RCTC approved a minimum traffic LOS standard of "E." Methodology to Determine Level of Service RCTC determined that the traffic LOS method that incorporated a "delay" analysis was the most applicable for CMP purposes. Consideration of delay through HCM-based software programs provided a closer approximation of LOS than under the Circular 212 or similar methodologies. For purposes of this Program, LOS analysis for intersections and segments along the CMP System of Highways and Roadways (under current or existing conditions), should be developed or established using the following HCM-based methods in the order presented: ✓ Segment (freeway and principal arterial) floating car runs or stopped delay LOS analysis at intersections. ✓ Segment and intersection LOS analysis using HCM. ✓ Segment analysis using the Modified HCM LOS Tables (or revised Florida LOS Tables). HCM-based methodologies applied to calculate LOS for CMP purposes will be the responsibility of local agencies as new development or land use plan revisions/updates (reflective of specific development proposals) are considered. The initial LOS analysis conducted as part of the CMP Update process is a "screening" level analysis. With development of this LRTS, the LOS is now/will be established using the SCAG and RivCOM traffic models, which are HCM-based. Figure 75 provides a display of State highway, expressway and arterial facilities with current deficiencies using HCM-based LOS results from the SCAG PM peak period traffic model. Figure 76 provides the resultant LOS with planned and programmed improvement projects through to the Year 2040. Comparing the figures, a majority of LOS deficiencies will be mitigated or addressed considering the wide range of multimodal improvement projects that will be implemented in the region by 2040. The few remaining deficiencies along the CMP System would be addressed as funding becomes available and through on -going implementation of the multimodal transportation system projects outlined in this LRTS and continued Transportation Demand Management (TDM) projects and programs, such as high -volume ridesharing activity within the County. In addition, Senate Bill (SB) 743 is intended to result in lower vehicle miles traveled (VMT) within the County over time. It is expected that lower VMT will result in decreased congestion along major corridors. However, in a county as large as Riverside County, new corridors could potentially reduce VMT by providing a shorter, less circuitous route for automobiles and transit. December 2019 Page 1220 RIVERSIDE COUNT! TRANSPORTATION COMMISSION g � 4, 6P LRTS LONG RANGETRONSPOINATON STUDY Figure 75 — 2016 PM Period Level of Service OFRIVERSIDE COUNTY TRANSPORTATION COMMISSION December 2019 Page 1221 RIVERSIDE COUNTY TRANSPORTATION COMMISSION A LRTS LONG RANGE TRANSPORTATION STUDY Figure 76 — Plan 2040 PM Period Level of Service �J 11, Los D or Elsner e �•F 0 S.] 6.T +0 MJw OFRIVERSIDE COUNTY TRANSPORTATION COMMISSION gi ■ n1o42 C.e. ei North • I /MEW -:: ma im� 04=M , 1•,•M■■Eir.— .��■riles omma•-. II mm• r �■■nut IS::■ i/RPA TECHNOIOGIE1MC. December 2019 Page 1222 Riverside County Transportation Commission Riverside County Long Range Transportation Study Public Transit/Alternative Mass Transit Standards Section 65089.(b)(2) of the Government Code specifically requires development of standards established for the frequency and routing of public transit, and for the coordination of transit service provided by separate operators. RCTC is responsible for planning and coordinating all public mass transit services within the jurisdiction of the Commission and between the jurisdiction of other county commissions or transit operators. On an annual basis, transit operators prepare a Short Range Transit Plan (SRTP), which is a three-year document detailing the operating and capital costs that are planned for transit services. Each operator adopts such a plan and then provides quarterly data to RCTC regarding performance. Once the SRTPs are approved by RCTC, transit operators are charged with the responsibility for providing the service levels and purchasing the capital equipment identified in year -one of the SRTP. Once approved by RCTC, the SRTPs must be amended if an operator wants to deviate from the original plan. The Commission encourages all operators to coordinate public transportation services including routes, fare structure and transfer agreements as the overall goal is the improvement of public transportation services to the general public. As an alternative mode to the single -occupant vehicle, mass transit services (bus rapid transit and commuter rail services) should be considered during the assessment of local development proposals that impact the Congestion Management System Further, future rail passenger services should be considered as appropriate mitigation measures to offset potential deficiencies. If feasible, future transit and passenger rail facility systems should be described as potential services that could reduce vehicle trips and relieve congestion at or above the minimum LOS standard. RCTC Conformance and Monitoring Process RCTC, Caltrans, WRCOG, CVAG and local agencies regularly monitor the street and highway and transit systems consistent with CMS requirements. Performance and monitoring can be accomplished through a number of current processes and reports that are prepared to reflect how the systems are performing over time including the SCAG RTP/SCS, Comprehensive Multimodal Corridor Plans, Caltrans' Corridor System Management Plans (CSMPs), Caltrans Performance Monitoring System (PeMS), the WRCOG Transportation Uniform Mitigation Fee (TUMF) Program Nexus Study updates/reports, the CVAG TUMF Program Nexus Study updates/reports, the WRCOG Active Transportation Plan (ATP), the CVAG Non- Motorized/Active Transportation Plan, and subregional and local traffic monitoring programs, including those associated with Local General and Specific Plans and development impact studies. Transit monitoring will be accomplished through preparation of SRTPs prepared by the Riverside Transit Agency (RTA), Sunline Transit, Palo Verde Valley Transit Agency (PVVTA), Corona Cruiser, PassTransit (City of Banning/Beaumont) and the City of Beaumont Transit System. Overall transit performance is summarized by RCTC in its countywide SRTP. December 2019 Page 1223 Riverside County Transportation Commission Riverside County Long Range Transportation Study Performance monitoring conducted and documented in these reports includes but is not limited to the following: ✓ Freeway miles traveled per person during weekdays. ✓ Freeway miles traveled per hour during weekdays. ✓ Regional travel by transit. ✓ Total transit, rail, and bus ridership. ✓ Annual transit boardings. ✓ Transit use in well served areas. ✓ Regional commute mode shares. ✓ Drive alone mode share. ✓ Alternative Transportation Mode share (carpool/vanpool, public transit, walk, bike, telework, other). ✓ Auto and transit passenger travel times and travel volumes in key corridors. ✓ Annual hours of traffic delay per traveler. ✓ Annual peak period delay during weekdays. ✓ Regional bottlenecks determined by annual freeway delay (vehicle hours) per lane mile. ✓ Delay by freeway during commute periods. ✓ Transit operating cost per passenger. ✓ Transit operating cost per revenue hour. ✓ Transit passengers per transit revenue hour. ✓ Transit passengers per revenue mile. ✓ Transit revenue hours per employee. ✓ Transit farebox recovery rate. The LRTS incorporates recommendations from various planning efforts. All projects, services, and programs are evaluated and prioritized for future funding through various funding programs, such as Measure A, TUMF Programs, and SRTPs. The LRTS also includes performance measures that are reflective of a multimodal approach and inform the development and management of the most effective long-term transportation system, as well as demand management strategies for minimizing and/or managing anticipated congestion. Future LRTS reviews or updates could coincide with RTP/SCS cycles. RCTC Deficiency Plan Process It is the local agency's responsibility to ensure implementation of development project mitigation measures identified by the project proponent. Deficient segments are those that have fallen to LOS F identified through monitoring efforts conducted by local agencies, WRCOG, CVAG, Caltrans, or RCTC. RCTC will review with the affected local agencies appropriate mitigation measures that would alleviate the deficiency. This would result in identifying and programming projects and/or TDM efforts considering multimodal performance and funding availability. To date, the CMP minimum LOS threshold has been met for much of the CMP system, therefore deficiency plans have not been required. In cases where the CMP minimum LOS threshold has been December 2019 Page 1 224 Riverside County Transportation Commission Riverside County Long Range Transportation Study exceeded, there have either been overriding considerations (e.g. construction, traffic diversions, etc.) or improvements already programmed to improve the facility through TUMF, Measure A or other high priority projects. Management Strategies The CMP must include alternatives to single occupant auto use, such as transit, and van and carpooling; and must promote strategies to manage overall travel demand, such as a jobs/housing balance, flextime, telecommuting and parking strategies. In 1991, all local agencies adopted TDM ordinances to comply with State CMP statutes. In 1996, the State changed the CMP from a mandatory program to a voluntary program; therefore, RCTC has not required agencies to update their respective TDM ordinances. However, local agencies may have continued updating their TDM ordinances to comply or respond to transportation needs and to implement the RTP/SCS. RCTC facilitates the implementation of TDM projects through the Measure "A" Commuter Assistance Programs, and the implementation of a number of TDM projects (in cooperation with Caltrans and local agencies in Riverside County and in adjoining counties) to achieve TDM objectives. Such TDM strategies include the development of Park- N-Ride lots, commuter rail stations, and public transit feeder services. This LRTS also outlines many other TDM and TSM strategies to reduce auto trips. In addition to TDM, Transportation Systems Management (TSM) strategies also provide for smoother traffic flow, especially along congested streets and highways in the County. Types of TSM strategies already implemented in Riverside County include bus bays, signal coordination systems, signal preemption for transit vehicles, improved signal timing projects, ramp metering, and focused intersection improvements. Taken together, the individual programs, projects, and TDM ordinances that continue to be implemented by local agencies constitute a broad base effort to reduce reliance on the single occupant vehicle and address CMP objectives. RCTC CIP Program The State CMP required the development of a Capital Improvement Program (CIP). For RCTC CMP purposes, the CIP consists of short-term projects included in the FTIP, which consist of STIP, Measure A, TUMF programs, and other federally funded projects programmed on the CMP system. RCTC submits state, local and federally funded projects to SCAG for inclusion in the FTIP. Locally funded non - regionally significant projects are not required to be included in the FTIP. The following list of goals and objectives from SCAG's 2016 RTP/SCS reflect a vision that guides the transportation planning process, including development of the RTP/SCS, FTIP, and subregional CMPs: 1. Align the plan investments and policies with improving regional economic development and competitiveness. 2. Maximize mobility and accessibility for all people and goods in the region. 3. Ensure travel safety and reliability for all people and goods in the region. December 2019 Page 1225 Riverside County Transportation Commission Riverside County Long Range Transportation Study 4. Preserve and ensure a sustainable regional transportation system. 5. Maximize the productivity of our transportation system. 6. Protect the environment and health of our residents by improving air quality and encouraging active transportation (e.g., bicycling and walking). 7. Actively encourage and create incentives for energy efficiency, where possible. 8. Encourage land use and growth patterns that facilitate transit and active transportation. 9. Maximize the security of the regional transportation system through improved system monitoring, rapid recovery planning, and coordination with other security agencies. RCTC Conformance and Monitoring Federal CMP requirements recommend a review or update be done at the same interval as RTP updates, which in the SCAG region is conducted every four years. As previously mentioned, monitoring of the CMP system in Riverside County is accomplished through various efforts including project environmental documents, traffic studies, corridor plans, transportation model updates, TUMF Nexus Study updates, Caltrans PeMS, and local agency monitoring. The LRTS may also follow a four-year update process, to review the performance of the CMP system, which could include ✓ Consistency with levels of service standards. ✓ Evaluation of performance of the transportation system. ✓ Implementation of a deficiency plan when highway and roadway level of service standards fall to LOS F on portions of the highway or major roadway system. SCAG Consistency Review Under the MPO planning regulations, SCAG is required to certify that it meets federal CMS requirements, which includes a review and consistency determination of all CMPs within the SCAG region. The CMP Chapter of the LRTS will serve as the 2019 CMP and will be reviewed by SCAG for consistency with the RTP/SCS and with CMPs of adjoining counties (San Bernardino, Orange, and Los Angeles Counties). RCTC also provides SCAG updated monitoring information, such as traffic counts from local agencies, for SCAG's modeling purposes. CMP Development, Implementation, and Update Process As described above, RCTC's CMP will follow Federal CMP requirements and will be reviewed and updated to reflect any legislative changes, funding initiatives, and CMP system performance. This may be done by future updates of the LRTS or this CMP Chapter. It is recommended that staff continue to follow Federal CMP requirements as State CMP requirements are no longer applicable and overlap with other requirements such as SB 375 (RTP/SCS), SB 743 (VMT performance measure) and other legislation impacting transportation planning and project development. December 2019 Page 1226 Riverside County Transportation Commission Riverside County Long Range Transportation Study Chapter X. Study Update Process The RCTC LRTS is both a Study for improving transportation in Riverside County and a starting point for developing the Riverside County elements of the 2020 Regional Transportation Plan/Sustainable Communities Strategy (RTP/SCS). Once the 2020 SCAG RTP/SCS is adopted, its policies and project list will become input for an updated LRTS. The LRTS should ideally be updated every four years, to ensure that it will provide current and accurate input into the SCAG RTP/SCS and to reflect changes in the countywide and regional network, policy direction, and applicable regulations. Updates should incorporate new projects and programs that inform the regional transportation plan and enhance transportation in Riverside County. The LRTS should be viewed as a living document that sets the direction for Riverside County's transportation system. To accomplish the Goals of this Study to create a more sustainable, equitable, and effective transportation system will require coordinated implementation of its component projects, programs and investment strategies. Moving the LRTS forward involves securing transportation funding, coordination with land use agencies, and investigating new means for funding and implementing projects, including new partnerships with other agencies and the private sector. In developing this LRTS several themes emerged, including an ongoing shortage of transportation funding. On a more positive note there are several incentives for synergistic projects that have benefits across modes and jurisdictions. RCTC should strive to advance the many goals encapsulated in this Study at both a community level and a regional level. Rather than focusing on discrete projects in one mode or in one city or subregion, the LRTS encourages Riverside County and its cities to take a truly multimodal approach to moving people and goods across the county and region while improving the quality of life for communities and neighborhoods throughout the County. Advancement of Projects Projects included in this Study are eligible to receive local, regional, and federal funding. In all cases, additional steps are required before construction or implementation can occur. Typically, these additional steps include securing full funding, acquiring right -way and getting final project permits, final design, conducting environmental review, and Title VI or other equity analysis where required. The LRTS is a policy document that provides a list of needs for projects; the LRTS also identifies funding sources. However, it is not an explicit project approval document that directs a specific course of action on a project. As such, the LRTS does not entail project "approvals" and is therefore, according to state statutes and case law, not subject to CEQA. As required by state law and other regulatory requirements, all projects included in the LRTS will undergo independent project development according to all applicable environmental and regulatory approval processes. December 2019 Page 1228 Riverside County Transportation Commission Riverside County Long Range Transportation Study Ongoing planning and project development efforts can help to better position the County in future iterations of the RTP/SCS and LRTS and ensure that appropriate projects are adequately defined to be ready for future Study development processes. Key efforts needed include: ✓ Developing new ways of integrating projects with programs and policies to maximize benefits. ✓ Seeking new partners and new ways of working together with new stakeholders, e.g., new technology -based private transportation sector stakeholders. Key steps for advancing partnerships and moving Study initiatives forward include: ■ Making RCTC a focal point for coordination rail (freight and passenger) improvements. • Partnering with Riverside County's transit agencies to advance LRTS project recommendations and address other transit needs in the county; convene partners to improve countywide integration of transit service, and connectivity to other modes; and update the Transit Vision Strategy. • Working with local jurisdictions and transit agencies to identify ways that new technologies can improve transportation services to hard -to -serve and traditionally underserved populations such as low -density areas, elderly, and people with disabilities. The following steps are intended to support local jurisdictions and regional governments in implementing land use plans that can be efficiently and effectively served by all modes, and which in turn can increase the efficiency and effectiveness of transportation investments. ✓ Partner with transportation partners and cities to implement CEQA/LOS reforms, including provision of technical assistance to cities to come into full compliance with SB 743 by July 2020. ✓ Collaborate with local jurisdictions (planning, public works, economic development) to better coordinate land use and transportation planning. ✓ Provide technical, and policy support to local jurisdictions to support infrastructure in designated HQTAs and other pedestrian and transit oriented districts. ✓ Support local agencies and SCAG in developing new modeling and evaluation tools that better assess the interactions between land use and transportation improvements. ✓ Monitor the effectiveness of this Study using the LRTS performance measures and the assumptions regarding land use as the Study develops; some performance measures may require further refinement over time as tools are developed. Funding Leveraging local and regional funding to attract contributions from state and federal funding sources will be crucial in delivering on Riverside County's vision and goals for the future transportation network. Specific steps include: ✓ Leverage existing local and regional funds to attract additional funding from outside sources. ✓ Work with transit operators to identify and support stable revenue sources to address transit capital and operating needs. ✓ Work with local and regional agencies to secure new funds to make up the shortfalls in other transportation improvements identified in the Study such as road maintenance. December 2019 Page 1229 Riverside County Transportation Commission Riverside County Long Range Transportation Study ✓ Continue to advocate for federal transportation policies and programs that support the values expressed in the LRTS, including increased funding for all modes and their operation and maintenance, as well as funds to assist transit -supportive development. Ongoing Monitoring and Performance -based Planning RCTC will continue to monitor the county's transportation performance in coming years and in preparation for the next LRTS. Ongoing performance monitoring helps RCTC measure the impact of investments on transportation performance over time, ensures progress is being made towards LRTS goals, and reveals emerging trends and future needs. Actions going forward should include: ✓ Conduct ongoing performance monitoring to determine the degree to which investments are moving the County towards the adopted vision and goals. ✓ Continue to work with SCAG and local planning departments to refine land use assumptions for travel demand modeling and continue to refine the SCS land use. ✓ Continue to investigate new data sources and methodologies to understand travel behavior and identify methods for incorporating into both future model and LRTS updates. ✓ Incorporate IE CMCP recommendations in future LRTS updates. December 2019 Page 1 230 Appendix A Long Range Transportation Study: State Highway and Major Roadway Projects Contents ■ State Highway and Major Roadway Projects ■ State Highway and Major Roadway Project Evaluation ■ Benefit/Cost Calculation NOTE: The list of 130 State highway and major roadway projects was defined to provide a high level "performance based analysis" of selected highway and major roadway projects including a "cost/benefit" analysis. The project list includes large or high cost projects on the state and major roadway (regional arterials) system developed from the 2016 Regional Transportation Plan/Sustainable Communities Strategy (RTP/SCS), Draft 2020 RTP/SCS, and 2019-2029 Measure A Western Riverside County 10-Year Delivery Plan update. RIVERSIDE COUNTY TRANSPORTATION COMMISSION Ef4tg LONG RANGE TRANSPORTATION STUDY State Highway and Major Roadway Projects December2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Project # System Funding Status Lead Agency RTP_PROJ1 RTP_PROJ2 Rte. # Rte. Name From To Project Description Rte. & Project Description Completion Year Project Cost In Thousands Major Category 1 SH Fin. Constr. RCTC/RIVERSIDE COUNTY 3C01MA01 0 EAST WEST CORRIDOR 1-15 1-215 New 6L Freeway CETAP: PROVIDE NEW EAST -WEST TRANSPORTATION CORRIDOR BETWEEN 1-15 IN THE WEST, 1-215 IN THE EAST, SOUTH OF LAKE MATHEWS IN THE NORTH, AND SR 741N THE SOUTH. 2045 2,367,661 Cap. Enhance 2 LH Fin. Constr. RCTC RIV031218 RIV031218 0 MID COUNTY PKWY 1-215 IN PERRIS SR79 IN SAN JACINTO New 6L Freeway IN WESTERN RIV CO - NEW MID CO PKWY: CONS 6THRU LN (3 LNS IN EA DIR) APPROX 16 MI. BTWN 1-2151N PERRIS EAST TO SR791N SAN JACINTO, INC. CONS/ RECONS OF 13 ICS, ADD OF AUX LN REDLAN DS- EVANS & EB AUXILIARY LN EVANS-ANTELOPE. 1-215 IMP: ADD 1 MF LN IN EA DIR NUEVO RD-VAN BUREN BLVD, & 1AUX LN IN EA DIR MID CO PKWY-CAJALCO/RAMONA EXP & FROM MID CO PKWY- NUEVO. 2030 1,691,500 Cap. Enhance 3 SH Fin. Constr. RCTC 3M04MA05 10 1-10 I-10/SR-60INTERCHANGE Upgraded Interchange CONSTRUCT NEW INTERCHANGE 2030 282,443 Cap. Enhance 4 SH Fin. Constr. RCTC 3TK04MA12 10 1-10 SAN BERNARDINO COUNTY LINE JCT 1-10/SR60 New Truck Lane ON 1-10 NEAR BEAUMONT: ADD/CONSTRUCT NEW EASTBOUND TRUCK CLIMBING LANE FROM SAN BERNARDINO COUNTY LINE TO I- 10/ SR60 JCT (EA: 35300) 2028 35,709 Cap. Enhance 5 SH Fin. Constr. BANNING RIV180104 10 I-10 HIGHLAND SPRINGS AVE (INTERCHANGE) Upgraded Interchange I-10/HIGHLAND SPRINGS IC IMPROVEMENTS - WIDEN FROM 5 TO 7 THRU LANES FROM 275 FT N/0 THE W/B OFF/ON RAMPS TO 250 FT S/0 THE E/B OFF/ON RAMPS, WIDEN EXISTING 2 LN W/B OFF RAMP TO 4 LNS & 2 LN E/B OFF RAMPS TO 4 LNS, ENTRY RAMPS TO INCLUDE HOV PREFERENCIAL LANE AND EXTENDED ACCELERATION/DECELERATION LANE. 2029 85,000 6 SH Fin. Constr. BEAUMONT 3A04WT003 10 1-10 HIGHLAND SPRINGS AVE (INTERCHANGE) Upgraded Interchange RECONSTRUCT/WIDEN HIGHLAND SPRINGS AVE ICFROM 4T06 LANES AND RECONSTRUCT/WIDEN RAMPS 2035 65,458 Cap. Enhance 7 SH Fin. Constr. BEAUMONT 3M04WT004 10 110 PENNSYLVANIA AVE (INTERCHANGE) Upgraded Interchange RECONSTRUCT PENNSYLVANIA AVE IC AND RECONSTRUCT/WIDEN RAMPS 2030 29,435 Others 8 SH Fin. Constr. BEAUMONT 3M04WT001 10 1-10 SR 79/ BEAUMONT AVE Upgraded Interchange RECONSTRUCT/WIDEN SR 79/BEAUMONTAVE IC FROM 4T0 6 LANES 2027 28,130 Cap. Enhance (INTERCHANGE) AND RECONSTRUCT/WIDEN RAMPS 9 SH Fin. Constr. BEAUMONT RIV060115 RIV060115 10 1-10 OAK VALLEY PKWY (INTERCHANGE) Upgraded Interchange AT I-10/OAK VALLEY PKWY IC: RECONSTRUCT/WIDEN IC FROM 2TO 6 THROUGH LANES FROM APPROX 500 FT. W/O DESERT LAWN DR TO GOLF CLUB DR, WIDEN RAMPS - EB ENTRY 1 TO 2 LANES, EB & WB EXIT 1TO4 LANES, WB ENTRY 1TO 3 LANES,, ADD NEW EB/WB ENTRY LOOP RAMPS (2 LANES) , ENTRY RAMPS INCLUDE HOV PREFERENTIAL LANE, AND RAMPS INCLUDE EXTENDED ACCELERATION/ DECELERATION LANE (EA: 0G280). 2022 48,000 Cap. Enhance 10 SH Fin. Constr. CALIMESA RIV060117 10 1-10 SINGLETON RD (INTERCHANGE) Upgraded Interchange ON I-10/SINGLETON RD IC: RECONSTRUCT/WIDEN 2TO 4THROUGH LANES(WOODHOUSETOCALIMESABLVD), RECONSTRUCT/WIDEN RAMPS—EB ENTRY 1TO 2 LNS W/ HOV PREFERENTIAL LN, WB EXIT 1 TO 3 LNS, ADD EB EXIT RAMP (3 LNS), WB ENTRY RAMP (2 LNS W/ HOV PREFERENTIAL LN), INCLUDE EXTENDED RAMP ACCEL/DECEL LNS, RELOCATE CALIMESA BLVD/ SINGLETON RD INTERSECTION, ADD SB EXTENDED DEDICATED RIGHT -TURN LN (EA: OF980) 2035 38,400 Cap. Enhance 11 SH Fin. Constr. CALIMESA RIV060116 RIV060116 10 1-10 CHERRY VALLEY BLVD (INTERCHANGE) Upgraded Interchange I-10/CHERRY VALLEY BLVD IC: REPLACEMENT OF EXISTING CURVED OVERCROSSING WITH TWO 90 FT. RADIUS ON/OFF RAMPS ROUNDABOUTS AND WILL EXTEND 1800 LINEAR FEET FROM ROBERTS ROAD (SOUTH) TO APPROXIMATELY 500 FT E/O CALIMESA BLVD. ASSOCIATED PROJECT IMPROVEMENTS INCLUDE REALIGNMENT OF CALIMESA BLVD AND RAMP REALIGNMENT FOR ALL FOUR RAMPS WITH MINOR RAMP WIDENING (CMAQ PM 2.5 BENEFITS PROJECT). 2028 49,000 Cap. Enhance December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION LRTS 1 LONG RANGE TRANSPORTATION STUDY Project # System Funding Status Lead Agency RTP_PROJ1 RTP_PROJ2 Rte. # Rte. Name From To Project Description Rte. & Project Description Completion Year Project Cost In Thousands Major Category 12 SH Fin. Constr. CALIMESA RIV131201 3M04WT003 10 1-10 COUNTY LINE RD (INTERCHANGE) Upgraded Interchange IN RIVERSIDE COUNTY IN THE CITY OF CALIMESA - RECONSTRUCTION OF EXISTING INTERCHANGE AT I-10/COUNTY LINE WITH TWO 90 FT RADIUS ON/OFF RAMPS ROUNDABOUTS, EXTENDING 1300 LINEAR FEET FROM COUNTY LINE LANE TO APPROX. 300 FT. W/O CALIMESA BLVD. THE PROJECT WILL INCLUDE RAMP REALIGNMENT FOR ALL FOUR RAMPS WITH MINOR RAMP WIDENING. 2030 15,000 Others 12A SH CALIMESA 3M04WT003 10 1-10 SANDALWOOD DR (INTERCHANGE) Upgraded Interchange IN RIVERSIDE COUNTY IN THE CITY OF CALIMESA - RECONSTRUCTION OF EXISTING INTERCHANGE AT I-10 AT SANDALWOOD DRIVE. IMPROVE EXISTING OVERCROSSING FROM SHADY BROOK ROAD TO CALIMESA BLVD. AND RAMP REALIGNMENT FOR ALL FOUR RAMPS WITH MINOR RAMP WIDENING. 2030 42,000 13 SH Fin. Constr. CALTRANS RIV010210 10 1-10 MORONGO PKWY (INTERCHANGE) Upgrade Interchange 1-10/MORONGO PKWY IC- CONSTRUCT NEW MORONGO PKWY OC (4 THROUGH LANES) AND RAMPS BETWEEN SEMINOLE DR AND MAIN ST. ADDITIONAL IMPROVEMENTS TO EXISTING APACHE TRAIL IC (R17.657) AND MAIN ST IC (R19.398) INCLUDE THE ADDITION OF EB/WBAUX LANES (APACHETR IC TO MORONGO PKWY IC, THEN TO MAIN ST IC) AND WIDENING OF SEMINOLE DR 2TO4THROUGH LANES (EA: 0A650, P P N O: T0061)" 2040 49,500 Cap. Enhance 14 SH Fin. Constr. CATHEDRAL CITY 3M0722 10 1-10 LANDAU BLVD (INTERCHANGE) New Interchange CONSTRUCT NEW 6-LANE MIXED FLOW, PARTIAL CLOVERLEAF IC WITH AUXILIARY LANES AND 4TW0 LANE RAMPS PLUS 6 LANE GRADE SEPARATION BRIDGE OVER UPRR BETWEEN PALM DR IC AND DATE PALM DRIVE IC 2035 117,779 Cap. Enhance 15 SH Fin. Constr. COACHELLA RIV030901 RIV030901 10 1-10 AVENUE 50 (INTERCHANGE) New Interchange ON 1-101N EASTERN COACHELLA (AT3.4 MILES E/O DILLON RD & 9.1 MILES W/O CACTUS CITYSRRA): CONSTRUCT NEW 6THROUGH LANE AVENUE 501C (3 LANES EACH DIR. APPROX 600' N/01-10AND 1,100' S/O I-10 ), EB EXIT RAMP (3 LANES), WB EXIT RAMP (2 LANES), EB & WB ENTRY RAMPS (2 LANES), EB & WB LOOP ENTRY RAMPS (2 LANES) & ADD ACC LN 3,800' W/B DIR, WEST OF IC (EA: 45210) 2025 37,247 Cap. Enhance 16 SH Fin. Constr. COACHELLA RIV180143 3M0715 10 1-10 DILLON RD (INTERCHANGE) Upgraded Interchange IN THE CITY OF COACHELLA: AT I-10 DILLON RD BETWEEN 800 FT SOUTH OF VISTA DEL SUR TO 600 NORTH OF VISTA DEL NORTE - RECONSTRUCT IC ADD ACCELERATION LANE ON W/B- WIDEN FROM 4-6 LANES, INCLUDES TRAFFIC SIGNAL MODIFICATIONS, TURNING LANES. (EA OK950K) 2028 26,000 17 SH Fin. Constr. INDIO 3A07020 RIV071252 10 1-10 JACKSONST (INTERCHANGE) Upgraded Interchange ON 1-10 IN INDIO ATJACKSON ST IC (AT PM 55.575): RECONSTRUCT/WIDEN IC FROM 2TO4THROUGH LANES INCLUDING BRIDGE OVER WHITEWATER RIVER CHANNEL FROM SHOWCASE PKWY TO SOUTH OF WHITEWATER RIVER CHANNEL, RECONSTRUCT/WIDEN RAMPS 1TO 2 LANES, MODIFY TRAFFIC SIGNALS 2021 56,000 Cap. Enhance 18 SH Fin. Constr. INDIO 3A07022 RIV071254 10 1-10 MONROE ST (INTERCHANGE) Upgraded Interchange ON 1-10 IN INDIO AT MONROE ST IC: RECONSTRUCT/ WIDEN IC FROM 2TO 4THROUGH LANES INCLUDING BRIDGE OVER WHITEWATER RIVER CHANNEL FROM AVENUE42TO S/O WHITEWATER RIVER CHANNEL, RECONSTRUCT/WIDEN RAMPS 1TO 2 LANES, AND EXTEND RAMPS WITH ACCELERATION/ DECELERATION LANES (EA: OK730K) 2023 47,000 Cap. Enhance December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION »011 LRTS 1 LONG RANGE TRANSPORTATION STUDY Project # System Funding Status Lead Agency RTP_PROJ1 RTP_PROJ2 Rte. # Rte. Name From To Project Description Rte. & Project Description Completion Year Project Cost In Thousands Major Category 19 SH Fin. Constr. PALM DESERT RIV031209 RIV031209 10 1-10 PORTOLA AVE (INTERCHANGE) New Interchange AT 1-10/PORTOLA AVE (B/W MONTEREY IC & COOK IC): CONSTRUCT NEW 6THRU LANE PORTOLA AVE IC FROM DINAH SHORE DR TO VARNER RD & RAMPS (EB EXIT 2 LNS, WB EXIT 3 LNS, EB & WB ENTRY 2 LNS, WB ENTRY LOOP RAMP 2 LNS, ENTRY INCL HOV LN, WIDENING INCLUDES BRIDGE OVER UPRR & RELOCATE/WIDEN VARNER 2 TO 4 LNS, ADD EB/WB AUX LNS (MONTEREYTO PORTOLA AND PORTOLA TO COOK), EXTEND 4TH WB LANE COOK TO PORTOLA 2021 71,993 Cap. Enhance 20 SH Fin. Constr. RIVERSIDE COUNTY 3M0729 15 1-15 HORSETHIEF CANYON RD (INTERCHANGE) Upgraded Interchange RECONSTRUCT/WIDEN IC FROM 2T04 LANES AND RECONSTRUCT RAMPS 2035 56,079 Cap. Enhance 21 SH Fin. Constr. RIVERSIDE COUNTY RIV011233 RIV011233 15 1-15 LIMONITE AVE (INTERCHANGE) Upgraded Interchange AT I-15/LIMONITE AVE IC - RECONSTRUCT/WI DEN LIMONITE AVE FROM 4 TO 6 THROUGH LANES BETWEEN EASTVALE GATEWAY AND 475' E/O PATS RANCH RD, RECONST/WIDEN NB AND SB EXIT RAMPS FROM 3 TO 4 LANES, REPLACE NB AND SB ENTRY RAMPS WITH ENTRY LOOP RAMPS FROM 2TO 3 LANES, ENTRY RAMPS INCLUDE HOV LANE, RAMPS INCLUDE EXTENDED ACCELERATION/DECELERATION LANES AND EXTENDED RIGHT TURN LANES (EA 0E150). 2020 68,000 Cap. Enhance 22 SH Fin. Constr. RIVERSIDE COUNTY 3M0728 15 1-15 TEMESCAL CANYON (INTERCHANGE) Upgraded Interchange RECONSTRUCT/WIDEN TEMESCAL CANYON IC FROM 2 TO 4 LANES AND RECONSTRUCT RAMPS 2040 30,000 Cap. Enhance 23 SH Fin. Constr. CORONA RIV010208 RIV010208 15 I-15 CAJALCO RD (INTERCHANGE) Upgraded Interchange AT 1-15/CAJALCO RD IC NEAR CORONA: DESIGN, RECONST/REALIGN & WIDEN CAJALCO RD FROM 2 TO 6THRU LNS FROM TEMESCAL CYN RD TO BEDFORD CYN RD, RECONST/WIDEN SB ENTRY FROM 1-2 LNS, SB EXIT FROM 2-5 LNS, NB ENTRY FROM 1-2 LNS, NB EXIT FROM 2-4 LNS, ADD AUX LNS 2022 74,199 Cap. Enhance 24 SH Fin. Constr. CORONA RIV180102 15 1-15 ONTARIO AVE (INTERCHANGE) Upgraded Interchange IN THE CITY OF CORONA ON EXISTING ONTARIO AVE—WIDEN AND REALIGN EXISTING 5TO 7 LANES BY ADDING 1 WB THRU LANE AND 1 EBTHRU LANE, CONSTRUCT TIE BACK WALL AND 815' SIDEWALK W/ADA RAMPS ON THE SOUTH SIDE OF ONTARIO AVE BETWEEN COMPTON AVE AND E/O STATE ST. 2021 6,078 25 SH Fin. Constr. EASTVALE RIV050532 15 1-15 SCHLEISMAN RD (INTERCHANGE) New Interchange ON 1-15 NEAR THE CITY OF NORCO - CONSTRUCT NEW SCHLEISMAN RD IC (6THROUGH LANES) AND RAMPS (2 LANES) AND NB/SBAUX LANE BETWEEN SCHLEISMAN RD IC AND LIMONITE RD IC (EA: 0E140K) 2035 91,481 Cap. Enhance 25A SH CALTRANS 3A04A26 15 1-15 BELLEGRAVE AVE (INTERCHANGE) New Interchange ADD SIGNALS AND RAMPS 2030 5,492 25B SH CALTRANS 15 1-15 TEMECULA PKWY RANCHO CALIFORNIA RD Auxiliary Lane CONSTRUCT NB AUXILIARY LANE FROM 0.4 MI N/O TEMECULA PKWY ON -RAMP TO RANCHO CALIFORNIA RD OFF -RAMP 2025 7,520 25C SH CALTRANS 15 1-15 RANCHO CALIFORNIA RD WINCHESTER RD Auxiliary Lane CONSTRUCT NB AUXILIARY LANE FROM RANCHO CALIFORNIA RD ON-2025 RAMP TO 0.2 MI S/O WINCHESTER RD OFF -RAMP 8,968 25D SH CALTRANS 15 1-15 WINCHESTER RD RANCHO CALIFORNIA RD Auxiliary Lane CONSTRUCT SB AUXILIARY LANE FROM WINCHESTER RD ON -RAMP TO RANCHO CALIFORNIA RD OFF -RAMP 2025 11,964 25E SH CALTRANS 15 1-15 RANCHO CALIFORNIA RD TEMECULA PKWY Auxiliary Lane CONSTRUCT SB AUXILIARY LANE FROM RANCHO CALIFORNIA RD ON-2025 RAMP TO TEMECULA PKWY OFF -RAMP 11,022 25E SH CALTRANS 15 I-15 TEMESCAL CANYON RD CAJALCO RD Auxiliary Lane CONSTRUCT NB & SB AUXILIARY LANES FROM 0.25 MI N/O TEMESCAL CANYON RD IC TO 0.17 MI N/O CAJALCO RD IC 2027 31,772 December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Project # 26 System SH Funding Status Fin. Constr. Lead Agency LAKE ELSINORE RTP_PROJ1 RIV060109 RTP_PROJ2 RIV060109 Rte. # 15 Rte. Name 1-15 From CENTRAL AVE (INTERCHANGE) To Project Description Jpgrade Interchange/Lane Rte. & Project Description AT I-15/SR74 (CENTRAL AVE) IC JCT MOD. BTWN 1,000 FT W/O COLLIER AVE TO RIVERSIDE ST: ADD NB LOOP ENTRY RAMP WITH ACCEL LN, REALIGN NB ENTRY &EXIT RAMPS, ADD SBACCEL/DECEL LNS, ADD NB DECEL LN, WIDEN SR 74 FROM RIVERSIDE DR. TO CENTRAL AVE 2 TO 4THROUGH LANES AND FROM COLLIER AVE TO CAMBERN AVE FROM 6 TO 8 THRU LNS. Completion Year Project Cost In Thousands 37,750 Major Category Cap. Enhance 2025 27 SH Fin. Constr. LAKE ELSINORE 3M0734 15 1-15 MALAGA RD (OVERCROSSING) New Overcrossing CONSTRUCT NEW 4 LANE OC OVER I-15 2028 35,346 Cap. Enhance 28 SH Fin. Constr. LAKE ELSINORE 3M0736 15 115 NICHOLS RD Upgraded pgraded Interchange RECONSTRUCT/WIDEN IC FROM 2TO 6 LANES AND RECONSTRUCT/WIDEN RAMPS 2025 47,122 Cap. Enhance 29 SH Fin. Constr. LAKE ELSINORE 3160004 15 I-15 MAIN ST (INTERCHANGE) Upgraded Interchange ON 1-15 AT MAIN STIC- WIDENING OF MAIN ST UC FROM ONE LANE IN EA DIR TO TWO LANES IN EA DIR, FROM 200 FT W/O THE SB OFF - RAMP TO CAMINO DEL NORTE INTERSECTION (700 FT); ADD TWO ADDITIONAL LEFT TURN POCKETS TO THE 1-15 NB AND SB ON - RAMPS; WIDEN 1-15 SB OFF RAMP FROM TWO LANES TO FOUR LANES APPROACHING MAIN ST, WITH TWO LEFT TURNING LANES AND TWO RIGHT TURNING LANES (1,500 LF); WIDEN 115 SB ON RAMP FROM ONE LANE TO TWO LANES (12 FT WIDE EACH PLUS 8 FT SHOULDER ONTO 1-15) (2,500 LF); WIDEN NB OFF -RAMP FROM ONE LANE TO THREE LANES BUT STRIPED FOR TWO LANES (36 FT WIDE PLUS AN 8 FT SHOULDER) AND EXPAND TO THREE LANES ONCE NEW FRANKLIN IC IS CONSTRUCTED (1,860 LF); WIDEN NB ON -RAMP FROM ONE LANE TO TWO LANES ONTO 1-15 WITH TAPERING ACCELERATION LANE (1,900 LF). CONSTRUCT NEW TRAFFIC SIGNALSAT THE ON AND OFF RAMPS INTERSECTIONS. 2028 21,270 Cap. Enhance 30 SH Fin. Constr. LAKEELSINORE 3M0737 15 1-15 LAKE ST (INTERCHANGE) Upgraded Interchange ' RECONSTRUCT/WIDEN IC FROM 2T06LANES AND RECONSTRUCT/WIDEN RAMPS 2025 20,275 Cap. Enhance 31 SH Fin. Constr. LAKE ELSINORE RIV180144 15 I-15 MAIN ST (INTERCHANGE) Upgraded Interchange N THE CITY OF LAKE ELSINORE - MAIN ST/I-151C IMPROVEMENTS: WIDENING OF NB MAIN ST UNDER THE FREEWAY FROM 1TO 2 LNS, ADD AN ADDITIONAL LN TO THE NB ENTRANCE AND EXIT RAMPS. WIDEN SB OFF RAMP TO ACCOMODATE 1 RT LN, 1 LT LN, AND 1THRU LT LN AT MAIN ST INTERSECTION. INSTALL RAMP METERS & TRAFFIC SIGNALS AT THE ON & OFF RAMPS INTERSECTIONS, AND CAMINO DEL NORTE/MAIN ST INTERSECTION. 2025 4,200 32 SH Fin. Constr. LAKE ELSINORE RIV010206A 15 1-15 FRANKLIN ST INTERCHANGE (INTERCHANGE) Upgraded Interchange (2022) AT I-15/RR CYN RD IC & NEW I-15/FRANKLIN ST IC: WIDEN RR CYN RD UC FROM 7 TO 8 LANES (SUMMERHILL DR - MISSION TR), RCNSTCT NB EXIT/ ENTRY RAMPS TO HOOK RAMP CNECTN TO GRAPE ST, WIDEN SB ENTRANCE RAMP FROM 1-2 LNS, WIDEN SHLDRS SB EXIT RAMP, WIDEN GRAPE ST TO CONST DEDICATED RTTN LN AT NB HOOK RAMP AND RR CYN RD, & CONS RAMP ACCEL/DECEL LNS AT RR CYN RD 2022 35,000 Cap. Enhance 33 SH LAKE ELSINORE RIV010206B 15 1-15 FRANKLIN ST (INTERCHANGE) Upgraded Interchange (2032) CONS NEW I-15/FRANKLIN ST IC, CONSTAUX LNS FROM FRANKLIN ST IC TO MAIN ST IC & FROM FRANKLIN ST IC TO RR CYN IC, REALIGN & RECONSTRUCT MAIN ST SB ON RAMP FROM 1-2 LNS, ON WS OF 1-15 CONST AUTO CENTER DR EXTNSN FROM EX FRANKLIN ST TO ADOBE ST & ON ES OF 1-15 AND CONS CNY ESTATE DR EXT FROM EX FRANKLIN ST TO CAMINO DEL NORTE 2032 58,000 Cap. Enhance December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION g LRTS 1 LONG RANGE TRANSPORTATION STUDY Project System # Funding Status Lead Agency RTP_PROJ1 RTP_PROJ2 Rte. # Rte. Name From To Project Description Completion Rte. & Project Description Year Project Cost In Thousands Major Category 34 SH Fin. Constr. MURRIETA 3M0730 15 1-15 MURRIETA HOT SPRINGS RD (INTERCHANGE) Upgraded Interchange AT I-15/MURRIETA HOT SPRINGS RD IC - CONSTRUCT NEW NB LOOP ON RAMP AND REALIGN EXISTING NB OFF RAMP (EA: 0J650K) 2025 8,100 Cap. Enhance 35 SH Fin. Constr. NORCO 3M04WT005 15 1-15 6TH ST (INTERCHANGE) Upgraded Interchange RECONSTRUCT INTERCHANGE/RAMPS/CHANNELIZATION IMPROVEMENTS 2030 23,916 Others 36 SH Fin. Constr. NORCO 3M0733 15 1-15 2ND ST (INTERCHANGE) Upgraded Interchange RECONSTRUCT/WIDEN IC FROM 2TO4 LANES AND WIDEN RAMPS 2028 7,863 Cap. Enhance 37 SH Fin. Constr. NORCO 3M04WT007 15 115 HIDDEN VALLEY PKWY (INTERCHANGE) Upgraded Interchange RECONSTRUCT INTERCHANGE/RAMPS/ CHAN N ELIZATION IMPROVEMENTS 2025 4,403 Others 38 SH Fin. Constr. TEMECULA RIV031215 RIV031215 15 115/FRENCH VALLEY PKWY JEFFERSON ST YNEZ RD Upgraded Interchange FRENCH VALLEY PKWY IC/ARTERIAL PHASES: PH II - CONSTRUCT 2 LN NB CD (N/O WINCHESTERIC ON -RAMPS TO JUST N/O RTE 15/215 JCT WITH CONNECTORS TO RTE 15 AND RTE 215 (I-215 PM: 8.43TO 9.75); AND PH III - CONSTRUCT LN OC (JEFFERSON TO YNEZ) & RAMPS, NB/SB AUX LN, CD LNS (1 LN NB & 3 LN SB) & MODIFY WINCHESTER RD IC (EA:43272) (PPNO.0021K). 2028 218,169 Cap. Enhance 39 SH Fin. Constr. TEMECULA 3M0721 15 I-15 RANCHO CALIFORNIA RD (INTERCHANGE) Upgraded Interchange RECONFIGURE 4TO 6 LANE IC AND RAMPS AT I-15AND RANCHO CALIFORNIA. TYPE OF LANES FOR ARTERIAL WIDENING WILL BE THROUGH LANES. 2035 59,124 Cap. Enhance 40 SH Strategic Plan TEMECULA 3163SP001 15 1-15 1-15/1-215 JCT San Diego County Line Add 2 Mixed Flow Lanes and 2 HOV Lanes CONSTRUCT 2 MIXED FLOW LNS (1 LN EA DIR) AND 2 HOV LNS (1 LN EA DIR) FROM JCT. 1-15/1-215TO RIVERSIDE COUNTY/SAN DIEGO COUNTY LINE 41 SH Fin. Constr. WILDOMAR 3M0727 15 1-15 BUNDY CANYON RD Upgraded Interchange RECONSTRUCT/WIDEN BUNDY CANYON RD IC FROM 2 TO 4 LANES 2040 24,112 Cap. Enhance (INTERCHANGE) AND RECONSTRUCT RAMPS 42 SH Fin. Constr. CALTRANS 3TK04MA13 60 SR-60 NEAR GILMAN SPRINGS RD WEST OF JCT 110/SR60 Add Auxiliary Truck Lanes ON SR-60 NEAR BEAUMONT: CONSTRUCT NEW EASTBOUND AND WESTBOUND TRUCK LANES FROM GILMAN SPRINGS RD TO 1.47 MILES WEST OF JACK RABBIT TRAIL AND UPGRADE EXISTING INSIDE AND OUTSIDE SHOULDERS TO STANDARD WIDTHS (10-FT INSIDE SHOULDER AND 10-FT OUTSIDE SHOULDER) (EA: ON69U) - CMAQ PM2.5 BENEFITS PROJECT. $802.9TC WILL BE UTILIZED FOR CMAQ ENG IN FY 14/15. 2021 126,282 Cap. Enhance 43 SH Fin. Constr. BEAUMONT RIV050535 RIV050535 60 SR-60 PORTRERO BLVD (INTERCHANGE) New Interchange ON SR60 BTWN JACK RABBITTR & SR60/1-10JCT: PH1-CONST. NEW POTRERO 6 LN OC (3 LNS EACH DIR) W/TEMP CONNECT TO WESTERN KNOLLS (EA34141/34143). PH2: NEW IC ON/OFF RAMPS. CONST. WB/EB EXIT & ENTRY RAMPS (2 LNS) & WB/EB LOOP ENTRY RAMPS (2 LNS) (ENTRY RAMPS INCL HOV LANE), INCL EB/WB AUX LNS AT EXIT RAMPS, REALIGN WESTERN KNOLLS AVE, AND REMOVE WESTERN KNOLLS AVE CONNECTION TO SR60 (EA34142/34143). 2020 79,746 Cap. Enhance 44 SH Fin. Constr. JURUPA VALLEY 3M01WT020 60 SR-60 MISSION BLVD (INTERCHANGE) Upgraded Interchange RECONSTRUCT INTERCHANGE/RAMPS 2035 65,604 Others 45 SH Fin. Constr. JURUPA VALLEY 3A04A29 60 SR-60 RUBIDOUX BLVD Upgraded Interchange RECONSTRUCT/WIDEN IC, RAMPS AND CHANNELIZATION 2030 28,507 Others (INTERCHANGE) IMPROVEMENTS 46 SH Fin. Constr. MORENO VALLEY 3M0801 RIV080904 60 SR-60 THEODORE ST (INTERCHANGE) Upgraded Interchange AT SR-60/THEODORE ST IC: WIDEN OC FROM 2 TO 4/6 TH RU LNS; WIDEN WB EXIT/ENTRY RAMPS FROM 1-2 LNS AT EXIT/ENTRY, 3 LNS AT ART. W/ HOV AT ENTRY; WIDEN EB EXIT RAMP FROM 1-2 LNS AT EXIT AND 3 LNS AT ART.; WIDEN EB ENTRY RAMP FROM 1-2 LNS W/HOV; ADD EB LOOP ENTRY WITH 2 LNS AT ART AND 1 LN AT ENTRY; ADD AUX LNS 1400' EB DIR E/O IC, 2,500' EB DIR W/O IC, 2,300' WB DIR W/O IC & 1,700' WB DIR E/O IC 2024 96,613 Cap. Enhance 47 SH � Fin. Constr. MORENO VALLEY 3M0714 RIV080903 60 SR-60 GILMAN SPRINGS RD (INTERCHANGE) Upgraded Interchange AT SR-60/GILMAN SPRINGS RD IC- REALIGN GILMAN SPRINGS RD/REMOVE EXISTING EB/WB RAMPS; WIDEN OC FROM 2TO 6THRU LANES; WB EXIT IS 1 LANE WIDENING TO 2 LANES THEN TO 3 LANES AT ARTERIAL, WB LOOP & EB ENTRY RAMPS FROM 1 LANE TO 2 LANES W/ HOV; WIDEN EB EXIT RAMPS FROM 1 LANE TO 2 LANES AT EXIT AND 3 LANES AT ARTERIAL; ADD AUX LANES TO WEST OF IC 1200' EB AND 2200 WB 2026 70,000 Cap. Enhance December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION LRTS 1 LONG RANGE TRANSPORTATION STUDY Project # 48 System SH Funding Status Fin. Constr. Lead Agency MORENO VALLEY RTP_PROJ1 3M0712 RTP_PROJ2 RIV080902 Rte. # 60 Rte. Name SR-60 From REDLANDS BLVD To Project Description pgradedlnterchange Upgraded Rte. & Project Description AT SR-60/REDLANDS BLVD - WIDEN OC FROM 2 TO 6 THRU LANES; WIDEN WB EXIT & ENTRY RAMPS FROM 1 LANE TO 2 LANES AT EXIT/ENTRY, 3 LANES AT ARTERIAL AND HOV AT ENTRY; WIDEN EB EXIT& ENTRY RAMPS FROM 1 LANE TO 2 LANES AT EXIT/ ENTRY AND HOV AT ENTRY; ADD AUX LANES 1000' EACH DIRECTION WEST OF IC AND 1700' EACH DIRECTION EAST OF IC Completion Year Project Cost In Thousands 52,000 Major Category 2025 Cap. Enhance 49 SH Fin. Constr. MORENO VALLEY RIV041052 RIV041052 60 SR-60 MORENO BEACH DR (INTERCHANGE) Upgraded Interchange IN MORENO VALLEY AT SR-60/MORENO BEACH DR IC: MODIFY MORENO BEACH DR IC- WIDEN OC FROM 2TO 6THROUGH LANES, REALIGN/WIDEN RAMPS (WB EXIT 1TO 2 LANES), ADD NEW WB ENTRY RAMP (2 LANES), ADD WB AUX LANE, AND INSTALL RELATED 2025 24,000 Cap. Enhance DRAINAGE AND ASSOCIATED WORK (EA: 32303). 50 SH Fin. Constr. MORENO VALLEY 3A07045 60 SR-60 INDIAN ST (OVERCROSSING) HEMLOCK AVE U pgraded Overcrossing IN THE CITY OF MORENO VALLEY- RECONSTRUCT INDIAN STX-ING SR 60 FROM 150' S/O SUNNYMEAD BLVD., TO HEMLOCK AVE: COMPLETE RECONSTRUCT. OF THE BRIDGE TO PROVIDE 16'6" CLEARANCE & 4 THROUGH LANES (2 LNS IN EA DIR) &ASSOC. ST IMP. WITHIN THE PROJECT LIMITS (LEFT TURN POCKETS AT SUN NYMEAD AND HEMLOCK INTERSECT., RIGHT -TURN ONLY SB AT SUN NYMEAD, NEW TS AT HEMLOCK/ INDIAN ST., & INTERCONNECT MOD). 2024 14,120 Cap. Enhance 51 SH Fin. Constr. MORENO VALLEY RIV071241 60 SR-60 GRAHAM ST (OVERCROSSING) New Overcrossing IN MORENO VALLEY ON GRAHAM ST: CONSTRUCT4THROUGH LANE OC (2 LANES EACH DIR) OVER SR60 BETWEEN SUN NYMEAD BLVD AND HEMLOCK AVE, ADD SIGNALS AT HEMLOCK, LEFT -TURN POCKET LANES AT BOTH INTERSECTIONS, AND ADD PEDESTRIAN SIDEWALK (APPROX 1/4 MILES) ON OC BOTH SIDES 2026 20,100 Cap. Enhance 52 SH Fin. Constr. MORENO VALLEY 3M04WT017 60 SR-60 HEACOCK ST (INTERCHANGE) Upgraded Interchange WIDEN/RECONSTRUCT HEACOCK IC, RAMPS, AND CHANNELIZATION IMPROVEMENTS. NO ADDITIONAL LANES PLANNED. 2028 23,873 Others 53 SH Fin. Constr. RIVERSIDE, CITY OF 3M04WT018 60 SR-60 MAIN ST (INTERCHANGE) Upgraded Interchange RECONSTRUCT/WIDEN IC AND RECONSTRUCT/WIDEN RAMPS, CHAN N ELIZATION IMPROVEMENTS 2030 20,304 Others 54 SH Fin. Constr. MORENO VALLEY 3M0713 60 SR-60 PERRIS BLVD (INTERCHANGE) Upgraded Interchange RECONSTRUCT/WIDEN ARTERIAL FROM 4TO 6 LANES AND RECONSTRUCT/WIDEN RAMPS 2026 37,379 Cap. Enhance 55 SH Fin. Constr. RCTC 3M01MA09 71 SR-71 SR-91 SAN BERNARDINO COUNTY LINE 4L Freeway to 6L Freeway WIDEN TO 3 MF LANES EACH DIRECTION 2030 177,132 Cap. Enhance 56 SH Fin. Constr. RIVERSIDE COUNTY 3A04WT191 74 SR-74 I-15 ETHANACRD 4L Arterial to 6L Arterial WIDEN FROM 4TO 6 LANES 2035 29,799 Cap. Enhance 57 SH Fin. Constr. RIVERSIDE COUNTY 3A04WT190 74 SR-74(ETHANAC) MATTHEWSRD SR-79(WINCHESTER) 2L Arterial to 4L Arterial & WIDEN FROM 2 TO 6 LANES IN THE CITY OF MENIFEE (MATTHEWS TO BRIGGS). WIDEN FROM 4TO 6 LANES IN RIVERSIDE COUNTY (BRIGGS 2045 24,109 Cap. Enhance 4L Arterial to 6LArterial TO SR-79). 62 SH Fin. Constr. LAKE ELSINORE 3A04WT047 74 SR-74 HUNCO WAY ORTEGA MOUNTAINS 2LArterial to 6LArterial IN MID -WESTERN RIVERSIDE COUNTY IN THE CITY OF LAKE ELSINORE: WIDENING OF SR-74 FROM 2TO 4THROUGH LANES (2 LANES IN EACH DIRECTION), WEST OF I-15 TO THE ORTEGA MOUNTAINS. OTHER IMPROVEMENTS INCLUDE TURN POCKETS AND ONE TRAFFIC SIGNAL AT INTERSECTION OF SR74 (RIVERSIDE DR) AND GRAND AVE (RIV131127). 2040 11,500 Cap. Enhance 63 LH Fin. Constr. LAKE ELSINORE 3A01WT045 74 SR-74 (GRAND AVE) RIVERSIDE DR (SR-74) ORTEGA HWY (SR- 74) Widen 2-4 Lanes WIDEN FROM 2T04LANES CHANGE FROM 6LANES TOTAL T04 LANES TOTAL 2035 16,036 Cap. Enhance 64 LH Fin. Constr. LAKE ELSINORE 3A04WT046 74 SR-74 (RDRV)ERSIDE LAKESHORE DR GRAND AVE Widen 2-6 Lanes WIDEN FROM 2TO 6 LANES 2030 14,954 Cap. Enhance 65 SH Fin. Constr. RCTC RIV62024 79 SR79 2.0 KM S/0 DOMENIGONI PKWY GILMAN SPRINGS RD New 4L Freeway ON SR79 IN SOUTHWESTERN RIVERSIDE COUNTY BETWEEN 2.0 KILOMETERS SOUTH OF DOMENIGONI PKWYTO GILMAN SPRINGS ROAD: REALIGN AND WIDEN SR79 FROM 2TO4THROUGH LANES. 2035 1,523,000 Cap. Enhance 66 LH Fin. Constr. RIVERSIDE COUNTY 3A01WT185 79 SR-79 (SANDERSON AVE) GILMAN SPRINGS RD (AT SR79) RAMONAEXPWY Widen 4-6 Lanes WIDEN FROM 4TO 6 LANES 2040 36,898 Cap. Enhance December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Project # System SH Funding Status Fin. Constr. Lead Agency RIVERSIDE COUNTY RTP_PROJ1 3A04SH12 RTP_PROJ2 Rte. # 79 Rte. Name SR-79 From HUNTER RD To DOMENIGONI PKWY Project Description 4LArterial to 6LArterial Rte. & Project Description WIDEN FROM4TO 6 LANES Completion Year 2030 Project Cost In Thousands 124,803 Major Category 67 Cap. Enhance 68 LH Fin. Constr. TEMECULA 3A01WT218 79 SR 79 SOUTH (TEMECULA PKWY) 1-15 PECHANGA PKWY Widen 6-8 Lanes WIDEN FROM 6TO 8 LANES 2023 2,164 Cap. Enhance 69 SH Fin. Constr. RIVERSIDE COUNTY 3A07186 86 SR-86 AVE 62 (INTERCHANGE) New Interchange CONSTRUCT NEW IC AND RAMPS AND WIDEN OC FROM 2 TO 6 LANES 2040 67,863 Cap. Enhance 70 SH Fin. Constr. COACHELLA 3M01CV03 86 SR-86 AVE 54(INTERCHANGE) New Interchange CONSTRUCT 4LANE BRIDGE/INT865HANGEAND RAMPS ACROSS SR- 2035 92,843 Cap. Enhance 71 SH Fin. Constr. COACHELLA 3M0717 RIV071274 86 SR-86 AVENUE 52 (INTERCHANGE) New Interchange AT SR86/AVENUE 52: WIDEN AND CONSTRUCT NEW 6THROUGH LANE IC FROM E/O COACHELLA STORMWATER CHANNEL BRIDGE TO E/O TYLER ST. IMPROVEMENTS INCLUDE: REALIGN POLK ST AND RELOCATE AVE 52 AND POLK ST INTERSECTION, EXTENDED RAMP ACCELERATION/DECELERATION LANES, BIKE LANES, SIDEWALKS, AND RECONSTRUCT TRAFFIC SIGNALS (EA: 0C960). 2030 33,000 Cap. Enhance 72 SH Fin. Constr. COACHELLA RIV061159 RIV061159 86 SR-86 AVENUE 50 (INTERCHANGE) New Interchange AT SR86/AVENUE 50: WIDEN AND CONSTRUCT NEW 6THROUGH LANE IC FROM E/0 COACHELLA STORMWATER CHANNEL BRIDGE TO E/O TYLER ST. IMPROVEMENTS INCLUDE: EXTENDED RAMP ACCELERATION/DECELERATION LANES, RELOCATE/ REALIGN AVE 50 AND TYLER ST, BIKE LANES, SIDEWALKS, AND RECONSTRUCTTRAFFIC SIGNALS (SAFETEA LU 1702, CA583, #2543) (EA: 0C970) 2025 32,160 Cap. Enhance 73 SH Fin. Constr. COACHELLA RIV180142 3M0716 86 SR-86 DILLON RD (INTERCHANGE) Upgraded Interchange THE CITY OF COACHELLA: AT SR-86/DILLON RD BETWEEN COACHELLA VALLEY STORMWATER CHANNEL BRIDGE TO HARRISON PL. RECONSTRUCT IC ADD ACCELERATION LANES - WIDEN FROM 4-6 LANES, INCLUDES TRAFFIC MODIFICATIONS, TURNING LANES. (EA OK960K) 2027 26,851 74 SH Fin. Constr. RIVERSIDE COUNTY 3A07195 86 SR-86 AVE 66(INTERCHANGE) New Interchange CONSTRUCT NEW IC AND RAMPS AND WIDEN OCFROM 2T06 LANES 2040 68,423 Cap. Enhance 75 SH Fin. Constr. RCTC RIV070308 RIV070308 91 SR-91 SR-91/SR-71 INTERCHANGE Upgraded Interchange AT SR91/71 J CT: REPLACE EB 91 TO NB 71 CONNECTOR W/ DIRECT CONNECTOR, AND RECONSTRUCT THE GREEN RIVER ROAD EB ON- RAMP (EA: 0E541) ($1,501/$639/$200TOLL CREDITS WILL BE USED IN pS&ETO MATCH DEMO SAFETEALU/DEMO TEA21/STP, RESPECTIVELY. $159 TOLL CREDITS WILL BE USED IN R/WTO MATCH DEMO-SAFETEALU.) 2023 126,663 Others 75A SH RCTC 91 SR 91 GREEN RIVER RD Auxiliary Lane CONSTRUCT 1AUXILIARY LN WESTBOUND FROM GREEN RIVER ROAD TO SR-241 2021 53,045 76 SH Fin. Constr. RIVERSIDE, CITY OF 3M01WT026 91 SR-91 TYLER ST (INTERCHANGE) Upgraded Interchange RECONSTRUCT/WIDEN IC AND RECONSTRUCT/WIDENRAMPS 2030 75,000 Others 77 SH Fin. Constr. RIVERSIDE, CITY OF 3M01WT022 91 SR-91 ADAMSST (INTERCHANGE) Upgraded Interchange RECONSTRUCT/WIDEN IC AND RECONSTRUCT/WIDEN RAMPS 2025 76,000 Others 78 SH Fin. Constr. PALM SPRINGS 3A01CV098 111 SR-111(VISTA CHINO) N. PALM CANYON DR SUNRISE WAY 4LArterial to 6LArterial WIDEN FROM 4TO 6 LANES 2031 8,404 Cap. Enhance 79 SH Fin. Constr. RCTC 3H07A RIV071276 215 1-215 NUEVO RD BOX SPRINGS RD 6L Freeway to 8L Freeway ON I-215 FROM NUEVO RD TO BOX SPRINGS RD: CONSTRUCT 2 LANES (1 LANE IN EACH DIRECTION) - PA&ED. 2030 212,500 Cap. Enhance 80 SH Fin. Constr. CALTRANS 0121D 215 1-215 SR-91 SR-60 Corridor Improvements Corridor Improvements 2030 782,720 Cap. Enhance 81 SH Fin. Constr. CALTRANS 3M0738 RIV110122 215 1215 1.5 MILES N/O MURRIETA HOT SPRINGS RD ONE MILE S/0 FRENCH VALLEY PARKWAY Add Mixed Flow and Auxilary Lane ON 1-215 IN SW RIVERSIDE COUNTY FROM ONE AND ONE-HALF MILES N/O MURRIETA HOT SPRINGS RD TO FRENCH VALLEY PKWY OFF- RAMP: CONSTRUCT THIRD MIXED -FLOW LANE IN THE MEDIAN AND AUX- LANE FROM MURRIETA HOT SPRINGS SB ENTRANCE RAMP TO ONE-HALF MILE S/O FRENCH VALLEY PKWY OFF -RAMP (WIDEN 1215/1 15 SEPARATION FROM 2 TO 4 LANES) (EA: OF163). 2030 14,874 Cap. Enhance December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION g I LRTS 1 LONG RANGE TRANSPORTATION STUDY Project # 82 System SH Funding Status Fin. Constr. Lead Agency RCTC RTP_PROJ1 RIV031218A RTP_PROJ2 RIV031218A Rte. # 215 Rte. Name I-215 From PLACENTIA AVE (INTERCHANGE) To Project Description Upgraded Interchange Rte. & Project Description I-215/PLACENTIA (PL) AVE IC: CONS OF NEW ON/OFF RAMPS ON THE EAST & WEST SIDE, .3 MILES S/0 PERRIS BLVD UNDRCRSG TO .5 MILES N/O OLEANDER AVE OVRCRSG. RELOCTN OF EAST FRNTGE RD 410 FT EAST, REMOVE WEST FRNTGE RD CNCTN TO PLAVE, WIDEN PLAVE BRDGE & OVRCRSG FRM 2TO 6 LNS BTWN HARVILLAVE TO & INDIAN AVE, INSTALL HOV & RAMP METERING ON THE ON -RAMPS, INSTALL NEW TRAFFIC SIGNALS AT INDIAN AVE, EAST FRONTAGE RD & RAMP INTRSCTNS & ADVANCE FWY OH SIGNS AT SPOT LOCATIONS AT PM R27.9, R, R30.7, R31.0, & R32.8. Completion Year 2022 Project Cost In Thousands 68,420 Major Category 83 SH Fin. Constr. RIVERSIDE COUNTY RIV011232 215 I-215 SCOTT RD (INTERCHANGE) Upgraded Interchange (2020) AT I-215/SCOTT RD IC: RECONST/WIDEN FROM 2- 6 LNS (4 THRU & 2 TURN) BTWN ANTELOPE RD & HAUN RD - RECONST/WIDEN RAMPS; NB ENTRY 1 TO 3 LNS; SB EXIT 2 TO 4 LNS; ADD NB EXIT LOOP RAMP (2 LNS) & SB ENTRY LOOP RAMP (3 LNS); ENTRY RAMPS INCLUDE HOV LN; RAMPS INCLUDE EXT. ACCEL/ DECEL LNS, ADD EXT. RT LNS (PROJECT SPLIT INTO 2 PHASES - SEE RIV011232A). 2020 57,823 Cap. Enhance 84 SH Fin. Constr. RIVERSIDE COUNTY 3M0724 215 I-215 ALESSANDRO BLVD (INTERCHANGE) Upgraded Interchange WIDEN/RECONSTRUCT ICFROM 4T06LANES AND RECONSTRUCT/WIDEN RAMPS 2045 30,000 Cap. Enhance 85 SH Fin. Constr. RIVERSIDE COUNTY RIV0112326 215 I-215 SCOTT RD (INTERCHANGE) Upgraded Interchange (2038) AT I-215/SCOTT RD IC: WIDEN FROM 6 TO 11 LANES (7 THRU AND 4 TURN) BTWN ANTELOPE RD AND HAUN RD- RECONSTRUCT/ WIDEN RAMPS - NB EXIT INCLUDING DECELERATION LN; SB ENTRY RAMP (1 TO 2 LNS); ENTRY RAMPS INCLUDE HOV LN; RAMPS INCLUDE EXTENDED ACCELERATION/DECELERATION LANES, ADD EXTENDED RIGHT- TURN LNS. - PH II. 2038 58,573 Cap. Enhance 86 SH Fin. Constr. MEN IFEE 3A04A27 215 I-215 GARBANI RD (INTERCHANGE) New Interchange CONSTRUCT NEW 4 LANE (2 LNS EAC DIR) AND RAMPS 2030 60,573 Cap. Enhance 87 SH Fin. Constr. MORENO VALLEY RIV050533 RIV050533 215 I-215 CACTUS AVE (INTERCHANGE) Upgraded Interchange AT I-215/CACTUS AVE IC: WIDEN IC FROM 3TO 6THRU LNS (EB FROM 2 TO 3 BTWN W/O BNSF RR TO 1300' E/O VETERANS WAY, ADD 4TH EB LANE FROM NB EXIT RAMP TO E/O ELSWORTH ST, WIDEN WB FROM 1&2 TO 3 THRU LNS FROM COMMERCE CENTER DR TO BNSF RR), WIDEN RAMPS 1TO 2 2026 65,370 Cap. Enhance 88 SH Fin. Constr. MURRIETA 3M10WT03 RIV100107 215 I-215 KELLER RD (INTERCHANGE) Upgraded Interchange IN SW RIVERSIDE CO. I-215/KELLER RD. IC: REPLACE EXISTING 2-LN I- 215/KELLER RD. UNDERPASS WITH A NEW 4-LN (2 LNS IN EA DIR), AUX LANES AT THE SB OFF -RAMP & NB OFF -RAMP (APPROX. 2,400'), ADD 3-LN NB/SB OFF RAMPS, 2-LN NB/SB ON -RAMPS W/HOV, SWS, AND TWO 2-LN TRAFFIC CIRCLES AT THE RAMP TERMINI, AND REALIGN ANTELOPE RD APPROX 1/4 MI EAST. 2022 32,000 Cap. Enhance 89 SH Fin. Constr. PERRIS 3M0731 215 I-215 ELLIS AVE (INTERCHANGE) New Interchange CONSTRUCT NEW 2 LANE IC AND RAMPS (1 LANE) 2040 130,412 Cap. Enhance 90 SH Fin. Constr. PERRIS 3M0708 215 I-215 RAMONA EXPWY (INTERCHANGE) Upgraded Interchange RECONSTRUCT/WIDEN FROM 4 TO 8 LANES, WIDEN SB AND NB EXIT RAMPS AT I-215/RAMONA EXPWY IC AND OC, CONSTRUCT DUAL LEFT -TURN LANES AT THE EXIT RAMPS TEMINI 2035 86,469 Cap. Enhance 91 SH Fin. Constr. PERRIS 3A04WT059 215 I-215 HARLEY KNOX BLVD (INTERCHANGE) Upgraded Interchange RECONSTRUCT AND WIDEN HARLEY KNOX BLVD OC FROM 2 TO 4 LANES AND RECONSTRUCT/WIDEN RAMPS 2025 32,434 Cap. Enhance 92 SH Fin. Constr. PERRIS 3M04WT009 RIV091012 215 I-215 SR-74/CASE RD/MATHEWS RD (INTERCHANGE) Upgraded Interchange IN MID -WESTERN RIVERSIDE COUNTY IN THE CITY OF PERRIS - CASE ROAD/MATTHEWS RD. (SR-74) ATI-215INTERCHANGE: RECONFIGURATION OF THE EXISTING CASE RD/MATTHEWS RD. (SR- 74) ATI-215IC, IMPROVING THE INTERSECTION OPERATIONS AND ELIMINATING CROSS TRAFFIC CONFLICTS ON THE SB RAMPS, WIDEN MATTHEWS RD FROM 2/3 LANES TO 4 LANES FROM CASE RD TO TRUMBLE RD (EA: OP420). 2030 21,000 Cap. Enhance December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION LRTS 1 LONG RANGE TRANSPORTATION STUDY Project # System Funding Status Lead Agency RTP_PROJ1 RTP_PROJ2 Rte. # Rte. Name From To Project Description Rte. & Project Description Completion Year Project Cost In Thousands Major Category 93 SH Fin. Constr. PERRIS 3M04WT014 RIV121003 215 1-215 NUEVO RD (INTERCHANGE) Upgraded Interchange IN CENTRAL RIVERSIDE COUNTY IN THE CITY OF PERRIS - 1-215 AT NUEVO INTERCHANGE IMPROVEMENTS: WIDENING OF OC FROM 4 TO 6 LANES (3 LANES IN EA DIRECTION) AND WIDENING OF NB AND SB ENTRY RAMP FROM 2TO 3 LANES. ADDITIONAL IMPROVEMENTS INCLUDE SIDEWALK INSTALLATION ON BOTH SIDES OF THE OC (EA: 00670). 2035 13,000 Cap. Enhance 94 SH Fin. Constr. MENIFEE 3M0719 215 1-215 SUN CITY BLVD (INTERCHANGE) Upgraded Interchange RECONSTRUCT/WIDEN IC FROM 4 TO 6 LANES AND RECONSTRUCT RAMPS 2024 38,000 Cap. Enhance 95 SH Fin. Constr. PERRIS RIV060111 215 1-215 ETHANAC RD (INTERCHANGE) Upgraded Interchange IN MID WESTERN -RIVERSIDE CO IN THE CITY OF PERRIS - I- 215/ETHANAC RD IC IMP.: IC OPERATIONAL IMP. OF THE NB & SB OFF RAMPS @ I-215/ETHANAC RD AND ON ETHANAC ON EITHER SIDE OF I- 215 FOR UP TO 1,200 FT. IMPROVEMENTS CONSIST OF THE WIDENING OF THE ON AND OFF RAMPS TO PROVIDE LEFT AND RIGHT TURN POCKETS, T.S. UPGRADE AT THE RAMP TERMINI & WIDEN OC 2 TO 4 LANES WITH TURN LANES. 2030 25,000 Cap. Enhance 96 LH Fin. Constr. RIVERSIDE, CITY OF 3A01WT112 0 ARLINGTON AVE MAGNOLIA AVE ALESSANDROBLVD WIDEN FROM 4T06 LANES WIDEN FROM 4 TO 6 LANES 2026 13,494 Cap. Enhance 97 LH Fin. Constr. JURUPA VALLEY W 3A04T125 0 ARMSTRONGRD SANBERNARDINO COUNTY LINE VALLEY WAY WIDEN FROM 2T04 LANES WIDEN FROM 2 TO 4 LANES 2035 8,940 Cap. Enhance 98 LH Fin. Constr. RIVERSIDE COUNTY 3A07193 0 AVE 62 FILLMORE ST PIERCE ST WIDEN FROM 2TO6 LANES WIDEN FROM 2TO 6 LANES 2038 45,825 Cap. Enhance 99 LH Fin. Constr. RIVERSIDE COUNTY 3A07192 0 AVE 62 POLK ST FILLMORE ST WIDEN FROM 2T0 6 LANES WIDEN FROM 2TO 6 LANES 2045 19,074 Cap. Enhance 100 LH Fin. Constr. RIVERSIDE COUNTY 3A07188 0 AVE 62 JACKSON ST VAN BUREN ST WIDEN FROM 2TO6 LANES WIDEN FROM 2 TO 6 LANES 2034 14,764 Cap. Enhance 101 LH Fin. Constr. RIVERSIDE COUNTY 3A07189 0 AVE 62 VAN BUREN ST HARRISON ST WIDEN FROM 2T0 6 LANES WIDEN FROM 2 TO 6 LANES 2040 14,195 Cap. Enhance 102 LH Fin. Constr. RIVERSIDE COUNTY 3A07187 0 AVE 62 MONROE ST JACKSON ST WIDEN FROM 2T0 6 LANES WIDEN FROM 2TO 6 LANES 2045 12,729 Cap. Enhance 103 LH Fin. Constr. RIVERSIDE COUNTY 3A07194 0 AVE 62 PIERCE ST SR-86 WIDEN FROM 2T0 6 LANES WIDEN FROM 2TO 6 LANES 2040 12,394 Cap. Enhance 104 LH Fin. Constr. RIVERSIDE COUNTY 3A07190 0 AVE 62 HARRISON ST TYLER ST WIDEN FROM 2T0 6 LANES WIDEN FROM 2TO 6 LANES 2042 9,628 Cap. Enhance 105 LH Fin. Constr. RIVERSIDE COUNTY 3A07191 0 AVE 62 TYLER ST POLK ST WIDEN FROM 2T0 6 LANES WIDEN FROM 2 TO 6 LANES 2041 9,331 Cap. Enhance 106 LH Fin. Constr. RIVERSIDE COUNTY 3G0703 0 AVENUE 62 WEST OF SR-111 WEST OF SR-86 GRADE SEPARATION-2 LANES AT UPRR TRACKS ANDSR111 GRADE SEPARATION - 2 LANES AT UPRR TRACKS AND SR111 2040 163,395 Others 107 LH Fin. Constr. RIVERSIDE COUNTY 3A04WT137A RIV090903 0 CAJALCO RD. TEMESCAL CANYON RD. 1-215 2L Arterial to 4L Arterial IN RIVERSIDE COUNTY ON CAJALCO RD—CAJALCO RD. WIDENING FROM 2TO4THRU LNS (2 IN EA DIR) FROM TEMESCAL CANYON RD. TO HARVILL AVE AND FROM 4TO 6 LANES FROM HARVILL AVE TO 1-215, INCLUDING TURN POCKETS AND A BRIDGE RECONSTRUCTION OVER A WATER CROSSING (RTP IDS: 3A04WT137 AND 3A04WT138) (PA&ED ONLY) ($803 IN FY 09/10 AND $344.011 N FY 16/17 OF TC USED FOR STPL MATCH IN PA&ED). 2027 400,000 Cap. Enhance 108 LH Fin. Constr. COACHELLA 3A07074 0 HARRISON ST AVE54 AVE56 WIDEN FROM 2 TO 4 LANES WIDEN FROM 2 TO 4 LANES 2024 8,849 Cap. Enhance 109 LH Fin. Constr. INDIAN WELLS 3A07258 0 HWY 111 ELDORADO DR. EAST CITY LIMITS. Widen 4-6 lanes IN EASTERN RIVERSIDE CO. IN THE COACHELLA VALLEY- HWY 111 WIDENING WITHIN INDIAN WELLS CITY LIMITS: WIDENING FROM TO 6THRU LNS (3 LNS IN EA DIR) BTWN EL DORADO & EAST CITY LIMITS (W/0 WASHINGTON), INCLUDING THE INSTALL OF A RAISED, LANDSCAPE MEDIAN AND RIGHT TURN ONLY LANE AT INDIAN WELLS LN (RTP ID'S 3A07258 & 3A07259). 2022 32,779 Cap. Enhance December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION g LRTS 1 LONG RANGE TRANSPORTATION STUDY Project # System Funding Status Lead Agency RTP_PROJ1 RTP_PROJ2 Rte. # Rte. Name From To Project Description Rte. & Project Description Completion Year Project Cost In Thousands Major Category 110 LH Fin. Constr. INDIAN WELLS 3A07316 0 HWY 111 DEEP CANYON CHANNEL (EAST CITY LIMITS) 570' WEST OF VILLAGE CENTER DR. (WEST CITY LIMITS) Widen 4-6 lanes IN EASTERN RIVERSIDE CO. IN THE COACHELLA VALLEY - HWY 111 WIDENING W/IN INDIAN WELLS CITY LIMITS: WID FROM 4 TO 6THRU LNS (3 LNS IN EA DIR) BTWN THE WCL (570' W/O VILLAGE CTR DR) & ELDORADO DR (RTP ID'S 3A07316 & 3A07257) INCLUDING THE INSTAL OF A RAISED, LANDSCAPE MEDIAN, LEFT TURN PH @ EL DORADO DR, DUAL LEFT TURN PH @ THE SB AND EB COOK ST, RT TURN ONLY LNS AT THE EAST, WEST, AND SB COOK ST. 2022 27,788 Cap. Enhance 111 LH Fin. Constr. JURUPA VALLEY 3A07016 0 LIMONITE AVE WINEVILLE AVE. ETIWANDA AVE WIDEN EB LANE FROM 1 LANE TO 2 LANES. WIDEN EB LANE FROM 1 LANE TO 2 LANES. 2020 7,000 Cap. Enhance 112 LH Fin. Constr. JURUPA VALLEY 3A01WT163 0 LIMONITE AVE BAIN ST. DOWNEYST WIDEN FROM 2T04 LANES WIDEN FROM 2 TO 4 LANES 2020 6,500 Cap. Enhance 113 LH Fin. Constr. JURUPA VALLEY 3A01WT164 0 LIMONITE AVE VAN BURENBLVD BALDWINST WIDEN FROM 4TO6 LANES WIDEN FROM 4 TO 6 LANES 2030 1,869 Cap. Enhance 114 LH Fin. Constr. EASTVALE 3120002 0 LIMONITE AVE ARCHIBALD AVE HAMNER AVE WIDENING OF LIMONITE AVE FROM 4 TO 6 LANES WIDENING OF LIMONITE AVE FROM 4 TO 6 LANES 2030 8,034 Cap. Enhance 114A LH EASTVALE 0 LIMONITE AVE ARCHIBALD AVE HELLMAN AVE NEW ROADWAY LIMONITE GAP AND BRIDGE OVER CUCAMONGA CREEK INCLUDING CAPACITY ENHANCEMENT 2035 15,550 Cap. Enhance 115 LH Fin. Constr. JURUPA VALLEY 3120016 MARKET ST RUBIDOUXBLVD. NORTH OF THE SANTA ANA RIVER WIDEN FROM 2T04 LANES WIDEN FROM 2 TO 4 LANES 2030 31,155 Cap. Enhance 116 LH Fin. Constr. RIVERSIDE COUNTY 3A04WT165 0 MARKET ST AT SANTA ANA RIVER WIDEN FROM 2T04 LANES IN WESTERN RIVERSIDE COUNTY IN THE CITY OF JURUPA VALLEY - MARKET STREET BRIDGE REPLACEMENT: REPLACE THE EXISTING TWO LANE (ONE LANE IN EACH DIRECTION) MARKET STREET BRIDGE OVER THE SANTA ANA RIVER, 0.4 MILES NORTHWEST OF SR60 WITH A FOUR LANE (TWO LANES IN EACH DIRECTION) BRIDGE. BRIDGE NO. 56C0024 2025 40,900 Cap. Enhance 117 LH Fin. Constr. RANCHO MIRAGE 3A07128 0 MONTEREY AVE. HOVLEY LN WEST PARK VIEW DR. WIDEN FROM 4TO 6 LANES IN EASTERN RIVERSIDE COUNTY IN THE COACHELLA VALLEY - MONTEREYAVE WIDENING FROM 4TO 6THROUGH LANES (ADDING A 3RD NB &SBTHROUGH LANE) FROM HOVLEY LANE WEST TO PARK VIEW DR IN THE CITIES OF RANCHO MIRAGE AND PALM DESERT, INCLUDING TS MODIFICATION, AND SIGNING AND STRIPING IMPROVEMENTS (RTP ID 3A07116 & 3A07128). 2022 5,345 Cap. Enhance 118 LH Fin. Constr. RANCHO MIRAGE 3A07067 0 MONTEREY AVE. DINAH SHORE DR. GERALD FORD DR. WIDEN SB FROM 2 TO 3 LANES IN COACHELLA VALLEY IN RANCHO MIRAGE- WIDENING OF SOUTH BOUND MONTEREY AVE. FROM 2TO 3 LANES FROM DINAH SHORE DR TO GERALD FORD DR. (APPROX. 3,480 L.F.). OTHER IMPROVEMENTS INCLUDE INSTALLATION OF CURB AND GUTTER, DRAINAGE IMPROVEMENTS (RETENTION BASINS), SIGNING AND STRIPING, AND TRAFFIC SIGNAL MODIFICATION AT GINGER ROGERS RD. 2017 1,850 Cap. Enhance December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION g LRTS 1 LONG RANGE TRANSPORTATION STUDY Project # 119 System LH Funding Status Fin. Constr. Lead Agency CATHEDRAL CITY RTP_PROJ1 3160010 RTP_PROJ2 Rte. # 0 Rte. Name E. PALM CANYON From CATHEDRAL CANYON DRIVE To DATE PALM DR Project Description Rte. & Project Description WIDEN FROM 4TO 6 LANES Completion Year 2027 Project Cost In Thousands 2,562 Major Category Cap. Enhance WIDEN FROM 4TO 6 LANES 120 LH Fin. Constr. CATHEDRAL CITY 3160011 0 E. PALM CANYON DATE PALM DR EAST CATHEDRAL CITY LIMITS WIDEN FROM 4T0 6 LANES WIDEN FROM 4TO 6 LANES 2030 2,831 Cap. Enhance 121 LH Fin. Constr. CATHEDRAL CITY 3160009 0 E.PALM CANYON WEST CATHEDRAL CITY LIMITS CATHEDRAL CANYON DRIVE WIDEN FROM 4TO6 LANES WIDEN FROM 4 TO 6 LANES 2025 11,525 Cap. Enhance 122 LH Fin. Constr. RIVERSIDE COUNTY 3A07238 0 RAMON RD MONTEREY AVE THOUSAND PALMS CYN RD WIDEN FROM 2T04 LANES WIDEN FROM 2 TO 4 LANES 2040 22,466 Cap. Enhance 123 LH Fin. Constr. RIVERSIDE COUNTY 3A07235 0 RAMON RD INTERSECTION OF RAMON RD & VARNER RD DATE GARDEN DR. WIDEN FROM 4T0 6 LANES WIDEN FROM 4TO 6 LANES 2040 302 Cap. Enhance 124 LH Fin. Constr. RIVERSIDE COUNTY 3A01WT183 0 RAMONAEXPWY PICO AVE BRIDGEST WIDENING FROM 2T06 LANES WIDEN FROM 2 TO 6 LANES 2040 80,945 Cap. Enhance 125 LH Fin. Constr. RIVERSIDE COUNTY 3A01WT182 0 RAMONAEXPWY RIDERST PICO AVE WIDENING FROM 4TO 6 LANES WIDEN FROM 4TO 6 LANES 2035 5,661 Cap. Enhance 126 LH Fin. Constr. SAN JACINTO 3A01WT210 0 RAMONA EXPWY (PHASE III) EAGLE RD LAKE PARK DR WIDENING FROM 4TO 6 LANES WIDENING FROM 4TO 6 LANES 2030 11,716 Cap. Enhance 127 LH Fin. Constr. RIVERSIDE, CITY OF 3A07315 0 VAN BUREN BLVD AUDREY AVE GARFIELD WIDEN FROM 4TO 6 LANES WIDEN FROM 4 TO 6 LANES 2026 20,000 Cap. Enhance 128 LH Fin. Constr. RIVERSIDE COUNTY 3A01WT199 0 VAN BUREN BLVD MOCKINGBIRD CANYON RD WOOD RD WIDEN FROM 4TO 6 LANES WIDEN FROM 4TO 6 LANES 2022 14,709 Cap. Enhance 129 LH Fin. Constr. RIVERSIDE COUNTY 3A07007 0 VAN BUREN BLVD ORANGE TERRACE PKWY OPPORTUNITY WAY WIDEN FROM 4TO 6 LANES WIDEN FROM 4 TO 6 LANES 2025 3,983 Cap. Enhance 130 LH N/A JURUPA VALLEY N/A 0 VAN BUREN BOULEVARD LIMONITE AVENUE SANTA ANA RIVER WIDEN ROAD FROM 4T0 6 LANES WIDEN ROAD FROM 4 TO 6 LANES 2025 8,538 Cap. Enhance December 2019 Appendix A RIVERSIDE COUNTY TRANSPORTATION COMMISSION Ef4tg LONG RANGE TRANSPORTATION STUDY State Highway and Major Roadway Projects Evaluation December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION »mil LRTS I LONG RANGE TRANSPORTATION STUDY State Freeway Corridor Project Evaluation Criteria Notes 1. CETAP Corridor, I-15 to I-215 2. Mid County Pkwy, I-215 in Perris to SR-79 in San Jacinto 4. 1-10, San Bernardino County Line to 1• 10/5R-60 JCT 40. 1-15, I-15/1- 2151CT to San Diego County Line 42. SR-60, Gilman Springs Rd to west of I- 10/5R-60 JCT 55. SR-71, SR-91 to San Bernardino County Line 65. SR-79, 2 KM S/O Domenigoni Pkwy to Gilman Springs Rd 66. SR-79, Gillman Springs Rd to Ramona Expwy 79. 1-215, Nuevo Rd to Box Springs Rd 80. 1-215, SR-91 to SR-60 81. 1-215, 1.5 Miles N/O Murrieta Hot Springs Rd to 1 Mile S/O French Valley Pkwy 1 Project Improves Safety Project resolves specifically -identified safety issue J J Project includes upgrades to improved or more current design standards Al Al 4 4 Ai 11 J 4 4 2 Serves Goods Movement Notes - Does the project serve a key goods movement corridor? AI AI 4 3 Provides Congestion Relief Urban Rural LOS F to LOS A LOS F to LOS A or B 4 LOS F to LOS B LOS F to LOS C LOS E to LOS A LOS E to LOS A or B Al LOS F to LOS C LOS F to LOS D 4 LOS E to LOS B LOS E to LOS C LOS F to LOS D LOS F to LOS E Al LOS E to LOS C LOS E to LOS D LOS F to LOS E LOS D to LOS C or Better 4 LOS E to LOS D N/A 4 N/A N/A 4 4 LOS D to LOS C or Better N/A 4 4 Facilitates Carpool and Transit Mobility Notes Does the project serve HOT/HOV lane facilities and/or transit centers? 5 Critical Linkage/New Corridor Notes Is the project located in a high volume freeway corridor and/or lacking a continuous parallel arterial to provide congestion relief? 6 Cost -Effectiveness of Safety/Operational/Maintenance Benefits Notes What is the projects benefit to cost ratio? Benefit to cost ratio: High Ai Benefit to cost ratio: Medium 4 4 4 4 Benefit to cost ratio: Low J 4 4 4 4 7 Supports and Provides Access to Communities Notes Does the project provide access to and/or support multiple communities? . J Al . J 4 4 . J 5 5 4 5 4 4 5 5 6 6 5 December 2019 Appendix A RNERSPDE COUNTY TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Regional Streets and Roads Capacity Increasing Projects Notes t 27. I-15 Malaga Rd Overcrossing 50. SR-60 Indian St Overcrossing Reconstruction 51. SR-60 Graham St Overcrossing Reconstruction 56. SR-74, 1-15 to Ethanac Rd 57. SR-74, Matthews Road to SR-79 62. SR-74, Hunco Way to Ortega Mountains 63. SR-74 (Grand Ave), Riverside Dr to Ortega Hwy 64. SR-74 (Riverside Dr), Lakeshore Dr to Grand Ave 67. SR-79, Hunter Rd to Domenigoni Pkwy 68. SR-79 (Temecula Pkwy), 1-15 to Pechanga Pkwy 78.SR-111 (Vista Chino), Palm Canyon Dr to Sunrise Wy I. Supports Key Regional Policies Does the project support a key regional policy? Al 2 Congestion Relief Notes Urban Rural LOS FtoLOS A LOS F to LOS A or B LOS F to LOS B LOS F to LOS C Al LOS E to LOS A LOS E to LOS A or B LOS F to LOS C LOS F to LOS D \I AI LOS E to LOS B LOS E to LOS C LOS F to LOS D LOS F to LOS E LOS E to LOS C LOS E to LOS D LOS F to LOS E LOS D to LOS C or Better Al LOS E to LOS D N/A N/A N/A Ai \I AI LOS D to LOS C or Better N/A 3 Improves Congested Corridors or Provides Alternative Relief to Congested Corridors Notes Improves congested corridors or provides alternative relief to congested corridors? Al Al 4 Cost -Effectiveness of Safety/Operational/Maintenance Benefits Notes What is the projects benefit to cost ratio? Benefit to cost ratio: High \I A/ 4 4 Benefit to cost ratio: Medium 11 A/ Benefit to cost ratio: Low AI A/ 5 Project Improves Safety Notes Safety is improved Project resolved specifically -identified safety issue Project includes upgrades to improved or more current design standards 1/ \I \/ 4 \I 4 \I \/ Al 11 6 Provides Access to Other Modes of Transportation Notes Provides access to major transit centers or HOTMOV lanes? December 2019 Appendix A RNERSEDE COUNT! TRANSPORTATION COMMISSION LRTS TANG RANGE -TRANSPORTATION STUDY Regional Streets and Roads - Capacity Increasing Projects 96. Arlington Ave, Magnolia Ave to Alessandro Blvd 97. Armstrong Rd, San Bernardino County Line to Valley Wy 98. Avenue 62, Fillmore St to Pierce St 99. Avenue 62, Polk St to Fillmore St 100. Avenue 62, Jackson St to Van Buren St 101. Avenue 62, Van Buren St to Harrison St 102. Avenue 62, Monroe St to Jackson St 103. Avenue 62, Pierce St to SR- 86 104. Avenue 62, Harrison St to Tyler St 105. Avenue 62, Tyler St to Polk St 306. Avenue 62, West of SR-111 to West of SR - 86 1 Supports Key Regional Policies Notes Does the project support a key regional policy? 2 Congestion Relief Notes Urban Rural LOS F to LOS A LOS F to LOS A or B LOS F to LOS B LOS F to LOS C LOS E to LOS A LOS E to LOS A or B LOS F to LOS C LOS F to LOS D LOS E to LOS B LOS E to LOS C LOS F to LOS D LOS F to LOS E LOS E to LOS C LOS E to LOS D LOS F to LOS E LOS D to LOS C or Better LOS E to LOS D N/A N/A N/A Ai 1I Ai 1I Ai 1I "\/ AI A/ Ai LOS D to LOS C or Better N/A 3 Improves Congested Corridors or Provides Alternative Relief to Congested Corridors Notes Improves congested corridors or provides alternative relief to congested corridors? 4 Cost -Effectiveness of Safety/Operational/Maintenance Benefits Notes What is the projects benefit to cost ratio? Benefit to cost ratio: High Ai Benefit to cost ratio: Medium Benefit to cost ratio: Low Ai 4 \I 4 Al \I \I 4 5 Project Improves Safety Notes Safety is improved Project resolved specifically -identified safety issue Project includes upgrades to improved or more current design standards "V AI "\/ AI A/ AI J Ai "\/ Ai A/ 6 Provides Access to Other Modes of Transportation Notes Provides access to major transit centers or HOT/HOV lanes? AI December 2019 Appendix A RNERSPDE COUNTY TRANSPORTATION COMMISSION g »mil LRTS TANG RANGE -TRANSPORTATION STUDY Regional Streets and Roads - Capacity Increasing Projects 107. Cajalco Rd, Temescal Canyon Rd. to I zls 108. Harrison St, Avenue 54 to Avenue 56 109. Hwy 111, El Dorado Dr to East City Limits 110. Hwy 111, Deep Canyon Channel to Village Center Dr 111. Limonite Ave, Wineville Ave to Etiwanda Ave 112. Limonite Ave, Bain St. to Downey St 113. Limonite Ave, Van Buren Blvd to Baldwin St 114. Limonite Ave, Archibald to Hamner 115. Market St, Rubidoux Blvd to North of the Santa Ana River 116. Market St, at Santa Ana River 117. Monterey Ave, Hovley Ln to Park View Dr 1 Supports Key Regional Policies Notes Does the project support a key regional policy? "\I Al Ai 2 Congestion Relief Notes 3 Urban Rural LOS F to LOS A LOS F to LOS A or B LOS F to LOS B LOS F to LOS C LOS E to LOS A LOS E to LOS A or B LOS F to LOS C LOS F to LOS D Al LOS E to LOS B LOS E to LOS C LOS F to LOS D LOS F to LOS E "\/ Ai LOS E to LOS C LOS E to LOS D LOS F to LOS E LOS D to LOS C or Better LOS E to LOS D N/A N/A N/A AI AI LOS D to LOS C or Better Improves Congested Corridors or Provides Alternative Relief to Congested Corridors N/A 1/ Notes Improves congested corridors or provides alternative relief to congested corridors? '\I .\I 4 4 Cost -Effectiveness of Safety/Operational/Maintenance Benefits Notes What is the projects benefit to cost ratio? Benefit to cost ratio: High 4 4 .\1 4 Benefit to cost ratio: Medium Benefit to cost ratio: Low 11 Al 5 Project Improves Safety Notes Safety is improved Project resolved specifically -identified safety issue A/ Project includes upgrades to improved or more current design standards \I -\I 4 -\I 4 Al -\1 4 6 Provides Access to Other Modes of Transportation Notes Provides access to major transit centers or HOTMOV lanes? Al 4 December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION g LRTS Regional Streets and Roads - Capacity Increasing Projects 1 Supports Key Regional Policies Notes Does the project support a key regional policy? 2 Congestion Relief Notes Urban Rural LOS F to LOS A LOS F to LOS A or B LOS F to LOS B LOS F to LOS C LOS E to LOS A LOS E to LOS A or B LOS F to LOS C LOS F to LOS D LOS E to LOS B LOS E to LOS C LOS FtoLOS D LOS F to LOS E LOS E to LOS C LOS E to LOS D LOS F to LOS E LOS D to LOS C or Better LOS E to LOS D N/A N/A N/A LOS D to LOS C or Better N/A 3 Improves Congested Corridors or Provides Alternative Relief to Congested Corridors Notes Improves congested corridors or provides alternative relief to congested corridors? 4 Cost -Effectiveness of Safety/Operational/Maintenance Benefits Notes What is the projects benefit to cost ratio? Benefit to cost ratio: High Benefit to cost ratio: Medium Benefit to cost ratio: Low 5 Project Improves Safety Notes Safety is improved Project resolved specifically -identified safety issue Project includes upgrades to improved or more current design standards 6 Provides Access to Other Modes of Transportation Notes Provides access to major transit centers or HOT/HOV lanes? LONG RANGE TRANSPORTATION STUDY 118. Monterey Ave, Dinah Shore Dr to Gerald Ford Dr 119. Palm Canyon, Cathedral Canyon Dr to Date Palm Dr 120. Palm Canyon, Date Palm Dr to East Cathedral City Limits 121. Palm Canyon, West Cathedral City Limits to Cathedral 122. Ramon Rd, Monterey Ave to Thousand Palms Cyn Rd 123. Ramon Rd, Varner Rd to Date Garden Dr. 124. Ramona Expwy, Pico Ave to Bridge St December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION g LRTS Regional Streets and Roads - Capacity Increasing Projects 1 Supports Key Regional Policies Notes Does the project support a key regional policy? 2 Congestion Relief Notes Urban Rural LOS F to LOS A LOS F to LOS A or B LOS F to LOS B LOS F to LOS C LOS E to LOS A LOS E to LOS A or B LOS F to LOS C LOS F to LOS D LOS E to LOS B LOS E to LOS C LOS FtoLOS D LOS E to LOS C LOS F to LOS E LOS E to LOS D N/A LOS D to LOS C or Better LOS F to LOS E LOS E to LOS D LOS D to LOS C or Better N/A N/A N/A 3 Improves Congested Corridors or Provides Alternative Relief to Congested Corridors Notes Improves congested corridors or provides alternative relief to congested corridors? 4 Cost -Effectiveness of Safety/Operational/Maintenance Benefits Notes What is the projects benefit to cost ratio? Benefit to cost ratio: High Benefit to cost ratio: Medium Benefit to cost ratio: Low 5 Project Improves Safety Notes Safety is improved Project resolved specifically -identified safety issue Project includes upgrades to improved or more current design standards 6 Provides Access to Other Modes of Transportation Notes Provides access to major transit centers or HOT/HOV lanes? LONG RANGE TRANSPORTATION STUDY 125. Ramona Expwy, Rider St to Pico Ave 126. Ramona Expwy, Eagle Rd to Lake Park Dr 127. Van Buren Blvd, Audrey Ave to Garfield 128. Van Buren Blvd, Mockingbird Canyon Rd to Wood Rd 129. Van Buren Blvd, Orange Terrace Pkwy to Opportunity Wa 130. Van Buren Blvd, Limonite Ave to Santa Ana River 114A. Limonite Blvd, Archibald Ave Ave to Hellman Ave December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION g LRTS LONG RANGE -TRANSPORTATION STUDY Interchange Project Evaluation Criteria 3.1-10/SR-60 Interchange 5. I-10 /Highland Springs Ave IC Improvement 6. I-10/ Highland Springs Ave Reconstruction 7. I-10/ Pennsylvania Ave Reconstruction g. I-10/ SR-79/ Beaumont Ave Reconstruction 9. 1-10/ Oak Valley Pkwy Reconstruction 10. 1-10/ Singleton Rd Reconstruction 11. 1-10/ Cherry Valley Blvd Interchange 12. I-10/ County Line Rd Reconstruction 13. I-10/ Morongo Pkwy Interchange i. Project Improves Safety Notes Project resolves specifically -identified safety issue Project includes upgrades to improved or more current design standards A/ "\I -\/ A/ A/ -\/ -\/ "V A/ 2 Provides Mobility and Congestion Relief Notes Provides relief for existing congested facilities? 4 3 Serves Congested or Developing Corridors Notes Serves Congested or Developing Corridors 4 \I Al 4 4 4 \I 4 4 4 4 Serves or Provides Access Regional and/or Corridor Transit Routes Notes Provides acces to major transit centers or HOT/HOV lanes? 5 Cost -Effectiveness of Safety/Operational/Maintenance Benefits Notes What is the projects benefit to cost ratio? Benefit to cost ratio: High Benefit to cost ratio: Medium "\/ 1/ Benefit to cost ratio: Low Ai "\1 li 4 AI Al AI 6 Serves Goods Movement Notes Does the project serve a key goods movement corridor? J ■ 4 7 New Interchange Notes Is the project a new interchange and provides congestion relief to other congested interchanges? 8 Supports and Provides Access to Communities Notes Does the interchange provide access to and/or support 3 or more communities? December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION g LRTS TANG RANGE -TRANSPORTATION STUDY Interchange Project Evaluation Criteria 14. I-10/ Landau Blvd Interchange 15. I-10/ Avenue 50 Interchange 16. I-10/ Dillon Rd Reconstruction 17. I-10/ Jackson St Reconstruction 18. I-10/ Monroe St Reconstruction 19. I-10/ Portola Ave Interchange 20. I-15/ Horsethief Canyon Rd Reconstruction 21. I-15/ Limonite Ave Reconstruction 22. I-15/ Temescal Canyon Reconstruction 23. I-15/ Cajalco Rd Reconstruction i. Project Improves Safety Notes Project resolves specifically -identified safety issue Project includes upgrades to improved or more current design standards A/ -\/ -\/ A/ A/ -\1 -\/ "V A/ 2 Provides Mobility and Congestion Relief Notes Provides relief for existing congested facilities? 4 3 Serves Congested or Developing Corridors Notes Serves Congested or Developing Corridors 4 Serves or Provides Access Regional and/or Corridor Transit Routes Notes Provides acces to major transit centers or HOT/HOV lanes? 11 5 Cost -Effectiveness of Safety/Operational/Maintenance Benefits Notes What is the projects benefit to cost ratio? Benefit to cost ratio: High Benefit to cost ratio: Medium Benefit to cost ratio: Low Ai "\1 11 \I \I AI 11 Al AI 6 Serves Goods Movement Notes Does the project serve a key goods movement corridor? ■ 7 New Interchange Notes Is the project a new interchange and provides congestion relief to other congested interchanges? 11 8 Supports and Provides Access to Communities Notes Does the interchange provide access to and/or support 3 or more communities? 11 December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION g LRTS LONG RANGE -TRANSPORTATION STUDY Interchange Project Evaluation Criteria 24. I-15/ Ontario Ave Reconstruction 25. 1-15/ Schleisman Rd Interchange 26. 1-15/ Central Ave Reconstruction 28. I-15/ Nichols Rd Reconstruction 29. 1-15/ Main St Improvements 30. I-15/ Lake St Reconstruction 31. I-15/ Main St Interchange Improvements 32. 1-15/ Franklin St Interchange 33. 1-15/ Franklin St Interchange 34. I-15/ Murrieta Hot Springs Rd Improvements 1 Project Improves Safety Notes Project resolves specifically -identified safety issue Project includes upgrades to improved or more current design standards A/ -\/ 1/ A/ "/ -\1 -\/ A/ A/ 2 Provides Mobility and Congestion Relief Notes Provides relief for existing congested facilities? 4 3 Serves Congested or Developing Corridors Notes Serves Congested or Developing Corridors 4 \I Al 4 4 4 \I 4 4 4 4 Serves or Provides Access Regional and/or Corridor Transit Routes Notes Provides acces to major transit centers or HOT/HOV lanes? 4 5 Cost -Effectiveness of Safety/Operational/Maintenance Benefits Notes What is the projects benefit to cost ratio? Benefit to cost ratio: High J -Ni Ai Benefit to cost ratio: Medium Benefit to cost ratio: Low "\1 li 4 \i AI Al AI 6 Serves Goods Movement Notes Does the project serve a key goods movement corridor? ■ 7 New Interchange Notes Is the project a new interchange and provides congestion relief to other congested interchanges? 8 Supports and Provides Access to Communities Notes Does the interchange provide access to and/or support 3 or more communities? December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION g LRTS LONG RANGE -TRANSPORTATION STUDY Interchange Project Evaluation Criteria 35. 1-15/ 6th St Reconstruction 36. 1-15/ 2nd St Reconstruction 37. I-15/ Hidden Valley Pkwy Reconstruction 38. 1-15/ French Valley Pkwy Improvements 39. I-15/ Rancho California Reconstruction 41. 1-15/ Bundy Canyon Rd Reconstruction 43. SR-60/ Portrero Blvd Interchange 44. SR-60/ Mission Blvd Reconstruction 45. SR-60/ Rubidoux Blvd Reconstruction 46. SR-60/ Theodore St Reconstruction 1 Project Improves Safety Notes Project resolves specifically -identified safety issue Project includes upgrades to improved or more current design standards J 4 4 4 4 4 4 4 4 4 2 Provides Mobility and Congestion Relief Notes Provides relief for existing congested facilities? 4 4 3 Serves Congested or Developing Corridors Notes Serves Congested or Developing Corridors Al \,1 Ai 4 4 4 4 4 4 4 4 Serves or Provides Access Regional and/or Corridor Transit Routes Notes Provides acces to major transit centers or HOT/HOV lanes? 5 Cost -Effectiveness of Safety/Operational/Maintenance Benefits Notes What is the projects benefit to cost ratio? Benefit to cost ratio: High 4 4 Benefit to cost ratio: Medium 4 4 Benefit to cost ratio: Low 4 4 4 4 4 4 6 Serves Goods Movement Notes Does the project serve a key goods movement corridor? ■ 7 New Interchange Notes Is the project a new interchange and provides congestion relief to other congested interchanges? Al Ai 8 Supports and Provides Access to Communities Notes Does the interchange provide access to and/or support 3 or more communities? Al December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION g LRTS I LONG RANGE TRANSPORTATION STUDY Interchange Project Evaluation Criteria 47. SR-60/ Gilman Springs Rd Improvements 48. SR-60/ Redlands Blvd Improvements 49. SR-60/ Moreno Beach Dr Improvements 52. SR-60/ Heacock St Reconstruction 53. SR-60/ Main St Reconstruction 54. SR 60/Perris Blvd Reconstruction 69. SR-86/ Avenue 62 Interchange 70. SR-86/ Avenue 54 Interchange 71. SR-86/ Avenue 52 Interchange 72. SR-86/ Avenue 50 Interchange i. Project Improves Safety Notes Project resolves specifically -identified safety issue Project includes upgrades to improved or more current design standards J "\I A/ A/ 4 Al -\/ Al A/ 4 2 Provides Mobility and Congestion Relief Notes Provides relief for existing congested facilities? 3 Serves Congested or Developing Corridors Notes Serves Congested or Developing Corridors I 4 \,1 Al Al .NIAl -NI4 4 4 4 Serves or Provides Access Regional and/or Corridor Transit Routes Notes Provides acces to major transit centers or HOT/HOV lanes? 5 Cost -Effectiveness of Safety/Operational/Maintenance Benefits Notes What is the projects benefit to cost ratio? Benefit to cost ratio: High 4 Benefit to cost ratio: Medium 11 Benefit to cost ratio: Low "\i "\1 4 4 4 4 4 4 6 Serves Goods Movement Notes Does the project serve a key goods movement corridor? ■ Ai Al 4 4 7 New Interchange Notes Is the project a new interchange and provides congestion relief to other congested interchanges? 8 Supports and Provides Access to Communities Notes Does the interchange provide access to and/or support 3 or more communities? December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION g LRTS LONG RANGE -TRANSPORTATION STUDY Interchange Project Evaluation Criteria 11 73. SR-86/ Dillon Rd Reconstruction 74. SR- 86/Avenue 66 Interchange 75. SR-91/ SR-71 Reconstruction 76. SR-91/ Tyler St Reconstruction 77. SR-91/ Adams St Reconstruction 82. I-215/ Placentia Ave 83. I-215/ Scott Rd Reconstruction 84.I-215/ Alessandro Blvd Reconstruction 85. I-215/ Scott Rd Reconstruction 86. (- 215/Garbani Rd Interchange 1 Project Improves Safety Notes Project resolves specifically -identified safety issue Project includes upgrades to improved or more current design standards 4 4 4 4 4 4 4 4 4 4 2 Provides Mobility and Congestion Relief Notes Provides relief for existing congested facilities? AI 3 Serves Congested or Developing Corridors Notes Serves Congested or Developing Corridors 1 Al \,1 Ai Al .NI Al -NI 4 4 4 4 Serves or Provides Access Regional and/or Corridor Transit Routes Notes Provides acces to major transit centers or HOT/HOV lanes? Ai 4 4 4 5 Cost -Effectiveness of Safety/Operational/Maintenance Benefits Notes What is the projects benefit to cost ratio? Benefit to cost ratio: High 4 Benefit to cost ratio: Medium J Benefit to cost ratio: Low 4 4 4 4 4 4 4 4 6 Serves Goods Movement Notes Does the project serve a key goods movement corridor? J ■ 4 li Al Al 7 New Interchange Notes Is the project a new interchange and provides congestion relief to other congested interchanges? Al 8 Supports and Provides Access to Communities Notes Does the interchange provide access to and/or support 3 or more communities? December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION g LRTS Interchange Project Evaluation Criteria 1 Project Improves Safety Notes Project resolves specifically -identified safety issue Project includes upgrades to improved or more current design standards 2 Provides Mobility and Congestion Relief Notes Provides relief for existing congested facilities? 3 Serves Congested or Developing Corridors Notes Serves Congested or Developing Corridors 4 Serves or Provides Access Regional and/or Corridor Transit Routes Notes Provides acces to major transit centers or HOT/HOV lanes? 5 Cost -Effectiveness of Safety/Operational/Maintenance Benefits Notes What is the projects benefit to cost ratio? Benefit to cost ratio: High Benefit to cost ratio: Medium Benefit to cost ratio: Low 6 Serves Goods Movement Notes Does the project serve a key goods movement corridor? 7 New Interchange Notes Is the project a new interchange and provides congestion relief to other congested interchanges? 8 Supports and Provides Access to Communities Notes Does the interchange provide access to and/or support 3 or more communities? TANG RANGE TRANSPORTATION STUDY 87. I-215/ 88. 1-215/ 89. I-215/ 90. I-215/ 91. 1215/ 92 1-215/ SR-74 93. 1-215/ 94. 1-215/ Sun 95. 1-215/ Harley Knox Cactus Ave Keller Rd Ellis Ave Ramona Expwy Blvd Case Rd Nuevo Rd City Blvd Ethanac Rd Reconstruction Reconstruction Interchange Reconstruction Reconstruction Reconstruction Reconstruction Improvements Reconstruction 4 4 4 4 December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION LRTS Interchan:e Pro'ect Evaluation Criteria 1 Project Improves Safety Notes Project resolves specifically -identified safety issue Project includes upgrades to improved or more current design standards 2 Provides Mobility and Congestion Relief Notes Provides relief for existing congested facilities? LONG RANGE TRANSPORTATION STUDY 12A. I- 10/Sandalwood Dr Improvements 25A. I- 15/Bellegrave Interchange 25B. I- 15/Temecula Pkwy to Rancho California Rd 25C. I- 15/Rancho California Rd to Winchester Rd Aux Lane 25D. I- 15/Winchester Rd to Temecula Pkwy Aux Lane 25E. I- 15/Rancho California Rd toTemecula Pkwy Aux Lane 25 F. I- 15/Temescal Canyon to Cajalco Rd Aux Lane 75A. SR- 91/Green River Rd to SR-241 Aux Lane 3 Serves Congested or Developing Corridors Notes 4 Serves Congested or Developing Corridors Serves or Provides Access Regional and/or Corridor Transit Routes Notes Provides acces to major transit centers or HOT/HOV lanes? 5 Cost -Effectiveness of Safety/Operational/Maintenance Benefits Notes What is the projects benefit to cost ratio? Benefit to cost ratio: High Benefit to cost ratio: Medium Benefit to cost ratio: Low 6 Serves Goods Movement Notes Does the project serve a key goods movement corridor? 7 New Interchange Notes Is the project a new interchange and provides congestion relief to other congested interchanges? 8 Supports and Provides Access to Communities Notes Does the interchange provide access to and/or support 3 or more communities? December 2019 Appendix A RIVERSIDE COUNTY TRANSPORTATION COMMISSION Ef4tg LONG RANGE TRANSPORTATION STUDY Benefit/Cost Calculation December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION g LRTS LONG RANGE TRANSPORTATION STAGY Project Number 1 Route Name CETAP CORRIDOR From 1-15 To 1-215 Length (mi) 17.0 Project Type New 6L Freeway Safety Benefits: Operational Benefits: Maintenance Benefits: Travel Time Benefits: B/C Ratio 1.29 $12.82 x ADT x L (Length) $0.11 x ADT x L (Length) (Full Reconstruction Only): $20.00 x Reduction in Annual Travel Hours x Project Design Life (DL) x Project Design Life $176 000 x L (Length) x Project Design Life $12.82 ADT 100,000 Length (mi) 17.0 DL 20 Value $435,880,000 $0.011 ADT 100,000 Length (mi) 17.0 DL 20 Value $374,000 $176,000 Length (r 17.0 Value Reduction in Annual Travel Hours DL Value $2,992,000 $20.00 6,563,678 20 $2,625,471,282 2 MID COUNTY PARKWAY 1-215 in Perris SR 79 in San Jacinto 16.0 New 6L Freeway $12.82 105,000 16.0 20 $430,752,000 $0.011 105,000 16.0 20 $369,600 $176,000 16.0 $2,816,000 $20.00 6,486,458 20 $2,594,583,385 1.79 3 1-10 1-10/SR-60 JCT 4.0 Upgraded Interchange $12.82 101,800 4.0 20 $104,406,080 $0.011 101,800 4.0 20 $89,584 $176,000 4.0 $704,000 $20.00 196,044 20 $78,417,671 0.65 4 1-10 SAN BERNARDINO COUNTY LINE 1-10/SR60 JCT 7.0 New Truck Lane $12.82 77,700 7.0 20 $139,455,960 $0.011 77,700 7.0 20 $119,658 $176,000 7.0 $1,232,000 $20.00 423,001 20 $169,200,317 8.68 5 1-10 HIGHLAND SPRINGS AVE 2.0 Upgraded Interchange $12.82 8,200 2.0 20 $4,204,960 $0.011 8,200 2.0 20 $3,608 $176,000 2.0 $352,000 $20.00 7,896 20 $3,158,276 0.09 6 1-10 HIGHLAND SPRINGS AVE 2.0 Upgraded Interchange $12.82 8,200 2.0 20 $4,204,960 $0.011 8,200 2.0 20 $3,608 $176,000 2.0 $352,000 $20.00 7,896 20 $3,158,276 0.14 7 1-10 PENNAVE ANIA 2.0 Upgraded Interchange $12.82 7,300 2.0 20 $3,743,440 $0.011 7,300 2.0 20 $3,212 $176,000 2.0 $352,000 $20.00 7,029 20 $2,811,636 0.23 8 1-10 AT SR-79/ BEAUMONT AVE 2.0 Upgraded Interchange $12.82 66,200 2.0 20 $33,947,360 $0.011 66,200 2.0 20 $29,128 $176,000 2.0 $352,000 $20.00 63,743 20 $25,497,298 2.13 9 1-10 OAK VALLEY PKWY 2.0 Upgraded Interchange $12.82 22,500 2.0 20 $11,538,000 $0.011 22,500 2.0 20 $9,900 $176,000 2.0 $352,000 $20.00 21,665 20 $8,666,000 0.43 10 1-10 SINGELTON RD 2.0 Upgraded Interchange $12.82 85,700 2.0 20 $43,946,960 $0.011 85,700 2.0 20 $37,708 $176,000 2.0 $352,000 $20.00 82,520 20 $33,007,831 2.01 11 1-10 CHERRY VALLEY BLVD 2.0 Upgraded Interchange $12.82 18,800 2.0 20 $9,640,640 $0.011 18,800 2.0 20 $8,272 $176,000 2.0 $352,000 $20.00 18,102 20 $7,240,924 0.35 12 1-10 COUNTY LINE RD 2.0 Upgraded Interchange $12.82 7,900 2.0 20 $4,051,120 $0.011 7,900 2.0 20 $3,476 $176,000 2.0 $352,000 $20.00 7,607 20 $3,042,729 0.50 12A 1-10 SANDALWOOD DR 2.0 Upgraded Interchange $12.82 12,200 2.0 20 $6,256,160 $0.011 12,200 2.0 20 $5,368 $176,000 2.0 $352,000 $20.00 11,747 20 $4,698,898 0.27 13 1-10 MORONGO PKWY 2.0 Upgrade Interchange $12.82 19,000 2.0 20 $9,743,200 $0.011 19,000 2.0 20 $8,360 $176,000 2.0 $352,000 $20.00 18,295 20 $7,317,956 0.35 14 1-10 LANDAU BLVD 2.0 New Interchange $12.82 1,000 2.0 20 $512,800 $0.011 1,000 2.0 20 $440 $176,000 2.0 $352,000 $20.00 963 20 $385,156 0.01 15 1-10 AVENUE 50 2.0 New Interchange $12.82 10,700 2.0 20 $5,486,960 $0.011 10,700 2.0 20 $4,708 $176,000 2.0 $352,000 $20.00 10,303 20 $4,121,164 0.27 16 1-10 DILLON RD 2.0 Upgraded Interchange $12.82 24,700 2.0 20 $12,666,160 $0.011 24,700 2.0 20 $10,868 $176,000 2.0 $352,000 $20.00 23,783 20 $9,513,342 0.87 17 1-10 JACKSON ST 2.0 Upgraded Interchange $12.82 18,500 2.0 20 $9,486,800 $0.011 18,500 2.0 20 $8,140 $176,000 2.0 $352,000 $20.00 17,813 20 $7,125,378 0.30 18 1-10 MONROE ST 2.0 Upgraded Interchange $12.82 9,400 2.0 20 $4,820,320 $0.011 9,400 2.0 20 $4,136 $176,000 2.0 $352,000 $20.00 9,051 20 $3,620,462 0.19 19 1-10 PORTOLA AVE 2.0 New Interchange $12.82 20,600 2.0 20 $10,563,680 $0.011 20,600 2.0 20 $9,064 $176,000 2.0 $352,000 $20.00 19,836 20 $7,934,204 0.26 20 1-15 HORSETHIEF 2.0 Upgraded Interchange $12.82 5,000 2.0 20 $2,564,000 $0.011 5,000 2.0 20 $2,200 $176,000 2.0 $352,000 $20.00 4,814 20 $1,925,778 0.09 21 1-15 LIMONITE AVENUE 2.0 Upgraded Interchange $12.82 49,500 2.0 20 $25,383,600 $0.011 49,500 2.0 20 $21,780 $176,000 2.0 $352,000 $20.00 47,663 20 $19,065,200 0.66 22 1-15 TEMESCAL CANYON 2.0 Upgraded Interchange $12.82 21,000 2.0 20 $10,768,800 $0.011 21,000 2.0 20 $9,240 $176,000 2.0 $352,000 $20.00 20,221 20 $8,088,267 0.64 23 1-15 CAJALCO RD 2.0 Upgraded Interchange $12.82 48,200 2.0 20 $24,716,960 $0.011 48,200 2.0 20 $21,208 $176,000 2.0 $352,000 $20.00 46,411 20 $18,564,498 0.59 24 1-15 ONTARIO AVE 2.0 Upgraded Interchange $12.82 34,400 2.0 20 $17,640,320 $0.011 34,400 2.0 20 $15,136 $176,000 2.0 $352,000 $20.00 33,123 20 $13,249,351 5.14 25 1-15 SCHLEISMAN RD 2.0 New Interchange $12.82 36,500 2.0 20 $18,717,200 $0.011 36,500 2.0 20 $16,060 $176,000 2.0 $352,000 $20.00 35,145 20 $14,058,178 0.36 25A 1-15 BELLEGRAVE AVE 2.0 New Interchange $12.82 29,500 2.0 20 $15,127,600 $0.011 29,500 2.0 20 $12,980 $176,000 2.0 $352,000 $20.00 28,405 20 $11,362,089 4.89 256 1-15 TEMECULA PKWY 2.0 Auxiliary Lane $12.82 2,000 2.0 20 $1,025,600 $0.011 2,000 2.0 20 $880 $176,000 2.0 $352,000 $20.00 1,926 20 $770,311 0.29 25C 1-15 RANCHO CALIFORNIA RD 2.0 Auxiliary Lane $12.82 2,000 2.0 20 $1,025,600 $0.011 2,000 2.0 20 $880 $176,000 2.0 $352,000 $20.00 1,926 20 $770,311 0.24 25D 1-15 WINCHESTER RD 2.0 Auxiliary Lane $12.82 2,000 2.0 20 $1,025,600 $0.011 2,000 2.0 20 $880 $176,000 2.0 $352,000 $20.00 1,926 20 $770,311 0.18 25E 1-15 RANCHO CALIFORNIA RD 2.0 Auxiliary Lane $12.82 2,000 2.0 20 $1,025,600 $0.011 2,000 2.0 20 $880 $176,000 2.0 $352,000 $20.00 1,926 20 $770,311 0.19 25F 1-15 TEMESCAL CANYON RD 2.0 Auxiliary Lane $12.82 2,000 2.0 20 $1,025,600 $0.011 2,000 2.0 20 $880 $176,000 2.0 $352,000 $20.00 1,926 20 $770,311 0.07 December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION g LRTS LONG RANGE TRANSPORTATION STUDY Project Number 26 Route Name 1-15 From SR-74AVE TRAL To Length (mi) 2.0 Project Type Upgrade Interchange/Lanes Safety Benefits: Operational Benefits: Maintenance Benefits: Travel Time Benefits: B/C Ratio 0.87 $12.82 x ADT x L (Length) $0.11 x ADT x L (Length) (Full Reconstruction $176 000 x L (Length) Only): $20.00 x Reduction in Annual Design Travel Hours x Project Design Life (DL) x Project Design Life x Project Life $12.82 ADT 36,300 Length (mi) 2.0 DL 20 Value $18,614,640 $0.011 ADT 36,300 Length (mi) 2.0 DL 20 Value $15,972 $176,000 Length (r 2.0 Value $352,000 $20.00 Reduction in Annual Travel Hours 34,953 DL 20 Value $13,981,147 27 1-15 MALAGA RD 1.0 New Overcrossing $12.82 5,000 1.0 20 $1,282,000 $0.011 5,000 1.0 20 $1,100 $176,000 1.0 $176,000 $20.00 1,805 20 $722,167 0.06 28 1-15 NICHOLS RD 2.0 Upgraded Interchange $12.82 23,500 2.0 20 $12,050,800 $0.011 23,500 2.0 20 $10,340 $176,000 2.0 $352,000 $20.00 22,628 20 $9,051,156 0.46 29 1-15 MAIN ST. 2.0 Upgraded Interchange $12.82 11,600 2.0 20 $5,948,480 $0.011 11,600 2.0 20 $5,104 $176,000 2.0 $352,000 $20.00 11,170 20 $4,467,804 0.51 30 1-15 LAKE ST 2.0 Upgraded Interchange $12.82 40,100 2.0 20 $20,563,280 $0.011 40,100 2.0 20 $17,644 $176,000 2.0 $352,000 $20.00 38,612 20 $15,444,738 1.79 31 1-15 MAIN ST. 2.0 Upgraded Interchange $12.82 11,600 2.0 20 $5,948,480 $0.011 11,600 2.0 20 $5,104 $176,000 2.0 $352,000 $20.00 11,170 20 $4,467,804 2.57 32 1-15 FRANKLIN ST 2.0 Upgraded Interchange (2022) $12.82 7,200 2.0 20 $3,692,160 $0.011 7,200 2.0 20 $3,168 $176,000 2.0 $352,000 $20.00 6,933 20 $2,773,120 0.19 33 1-15 FRANKLIN ST 2.0 Upgraded Interchange (2032) $12.82 7,200 2.0 20 $3,692,160 $0.011 7,200 2.0 20 $3,168 $176,000 2.0 $352,000 $20.00 6,933 20 $2,773,120 0.12 34 1-15 MURRIETA HOT 2.0 Upgraded Interchange $12.82 41,400 2.0 20 $21,229,920 $0.011 41,400 2.0 20 $18,216 $176,000 2.0 $352,000 $20.00 39,864 20 $15,945,440 4.64 35 1-15 6TH ST 2.0 Upgraded Interchange $12.82 30,000 2.0 20 $15,384,000 $0.011 30,000 2.0 20 $13,200 $176,000 2.0 $352,000 $20.00 28,887 20 $11,554,667 1.14 36 1-15 2ND ST 2.0 Upgraded Interchange $12.82 20,000 2.0 20 $10,256,000 $0.011 20,000 2.0 20 $8,800 $176,000 2.0 $352,000 $20.00 19,258 20 $7,703,111 2.33 37 1-15 HIDDEN VALLEY PKWY 2.0 Upgraded Interchange $12.82 15,600 2.0 20 $7,999,680 $0.011 15,600 2.0 20 $6,864 $176,000 2.0 $352,000 $20.00 15,021 20 $6,008,427 3.26 38 1-15 FRENCH VALLEY PKWY 4.0 Upgraded Interchange $12.82 40,800 4.0 20 $41,844,480 $0.011 40,800 4.0 20 $35,904 $176,000 4.0 $704,000 $20.00 78,572 20 $31,428,693 0.34 39 1-15 RANCHO CALIFORNIA RD 2.0 Upgraded Interchange $12.82 45,600 2.0 20 $23,383,680 $0.011 45,600 2.0 20 $20,064 $176,000 2.0 $352,000 $20.00 43,908 20 $17,563,093 0.70 40 1-15 1-15/1-215 JCT SAN DIEGO COUNTY LINE 9.0 Add 2 Mixed Flow Lanes and 2 HOV Lanes $12.82 154,100 9.0 20 $355,601,160 $0.011 154,100 9.0 20 $305,118 $176,000 9.0 $1,584,000 $20.00 1,078,617 20 $431,446,809 1.21 41 1-15 BUNDYRDANYON 2.0 Upgraded Interchange $12.82 39,600 2.0 20 $20,306,880 $0.011 39,600 2.0 20 $17,424 $176,000 2.0 $352,000 $20.00 38,130 20 $15,252,160 1.49 42 SR-60 NEAR GILMAN SPRINGS RD WEST OF JCT I-10/SR60 2.0 Add Auxiliary Truck Lanes $12.82 50,900 2.0 20 $26,101,520 $0.011 50,900 2.0 20 $22,396 $176,000 2.0 $352,000 $20.00 79,172 20 $31,668,675 0.46 43 SR-60 PORTRERO BLVD 2.0 New Interchange $12.82 22,800 2.0 20 $11,691,840 $0.011 22,800 2.0 20 $10,032 $176,000 2.0 $352,000 $20.00 35,464 20 $14,185,575 0.33 44 SR-60 MISSION BLVD 2.0 Upgraded Interchange $12.82 32,600 2.0 20 $16,717,280 $0.011 32,600 2.0 20 $14,344 $176,000 2.0 $352,000 $20.00 50,707 20 $20,282,884 0.57 45 SR-60 RUBIDOUX BLVD 2.0 Upgraded Interchange $12.82 32,300 2.0 20 $16,563,440 $0.011 32,300 2.0 20 $14,212 $176,000 2.0 $352,000 $20.00 50,241 20 $20,096,232 1.30 46 SR-60 THEODORE ST 2.0 Upgraded Interchange $12.82 10,900 2.0 20 $5,589,520 $0.011 10,900 2.0 20 $4,796 $176,000 2.0 $352,000 $20.00 16,954 20 $6,781,701 0.13 47 SR-60 GILMA RSDPRINGS 2.0 Upgraded Interchange $12.82 34,200 2.0 20 $17,537,760 $0.011 34,200 2.0 20 $15,048 $176,000 2.0 $352,000 $20.00 53,196 20 $21,278,363 0.56 48 SR-60 REDLANDS BLVD 2.0 Upgraded Interchange $12.82 39,000 2.0 20 $19,999,200 $0.011 39,000 2.0 20 $17,160 $176,000 2.0 $352,000 $20.00 60,662 20 $24,264,800 0.86 49 SR-60 MORENDOBEACH 2.0 Upgraded Interchange $12.82 35,900 2.0 20 $18,409,520 $0.011 35,900 2.0 20 $15,796 $176,000 2.0 $352,000 $20.00 55,840 20 $22,336,059 1.01 50 SR-60 INDIAN ST 1.0 Upgraded Overcrossing $12.82 1,100 1.0 20 $282,040 $0.011 1,100 1.0 20 $242 $176,000 1.0 $176,000 $20.00 397 20 $158,877 0.04 51 SR-60 GRAHAM ST OVERCROSSING 1.0 New Overcrossing $12.82 4,000 1.0 20 $1,025,600 $0.011 4,000 1.0 20 $880 $176,000 1.0 $176,000 $20.00 1,444 20 $577,733 0.09 52 SR-60 HEACOCK ST 2.0 Upgraded Interchange $12.82 20,200 2.0 20 $10,358,560 $0.011 20,200 2.0 20 $8,888 $176,000 2.0 $352,000 $20.00 31,420 20 $12,567,922 0.98 53 SR-60 MAIN ST 2.0 Upgraded Interchange $12.82 47,100 2.0 20 $24,152,880 $0.011 47,100 2.0 20 $20,724 $176,000 2.0 $352,000 $20.00 73,261 20 $29,304,412 2.65 54 SR-60 PERRIS BLVD 2.0 Upgraded Interchange $12.82 49,100 2.0 20 $25,178,480 $0.011 49,100 2.0 20 $21,604 $176,000 2.0 $352,000 $20.00 76,372 20 $30,548,761 1.50 55 SR-71 SR-91 SAN BERNARDINO COUNTY LINE 4.0 4L Freeway to 6L Freeway $12.82 73,000 4.0 20 $74,868,800 $0.011 73,000 4.0 20 $64,240 $176,000 4.0 $704,000 $20.00 227,094 20 $90,837,456 0.94 56 SR-74 1-15 ETHANAC RD 5.0 4L Arterial to 6L Arterial $12.82 59,100 5.0 20 $75,766,200 $0.011 59,100 5.0 20 $65,010 $176,000 5.0 $880,000 $20.00 106,700 20 $42,680,050 4.01 December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION g LRTS LONG RANGE TRANSPORTATION STUDY Project Number Route Name SR-74 From PM 37.955 To PM 42.088 Length (mi) 5.0 Project Type Widen 4 to 6 Lanes Safety Benefits: Operational Benefits: Maintenance Benefits: $20.00 Travel Time Benefits: B/C Ratio 20.91 $12.82 x ADT x L (Length) $0.11 x ADT x L (Length) (Full Reconstruction Only): x Reduction x Project Reduction in Annual Travel Hours 93,340 in Annual Travel Hours Design Life DL Value x Project Design Life (DL) x Project Design Life $176,000 x L (Length) $12.82 ADT 51,700 Length (mi) 5.0 DL 20 Value ADT Length (mi) DL 20 Value $56,870 Length (r 5.0 Value 61 $66,279,400 $0.011 51,700 5.0 $176,000 $880,000 $20.00 20 $37,336,017 62 SR-74 HUNCO WAY ORTEGA MOUNTAINS 5.0 2L Arterial to 6L Arterial $12.82 41,700 5.0 20 $53,459,400 $0.011 41,700 5.0 20 $45,870 $176,000 5.0 $880,000 $20.00 75,286 20 $30,114,350 7.35 63 SR -74 (GRAND AVE) RIVERSIDE DR (SR- 74) ORTEGA HWY (SR- 74) 1.0 Widen 2-4 Lanes $12.82 17,600 1.0 20 $4,512,640 $0.011 17,600 1.0 20 $3,872 $176,000 1.0 $176,000 $20.00 6,355 20 $2,542,027 0.45 64 SR-74 (RIVERSIDE DR) LAKESHORE DR GRAND AVE 2.0 Widen 2-6 Lanes $12.82 22,000 2.0 20 $11,281,600 $0.011 22,000 2.0 20 $9,680 $176,000 2.0 $352,000 $20.00 15,888 20 $6,355,067 1.20 65 SR-79 2.0 KM S/0 DOMENIGONI PKWY GILMAN SPRINGS RD 8.0 New 4L Freeway $12.82 61,400 8.0 20 $125,943,680 $0.011 61,400 8.0 20 $108,064 $176,000 8.0 $1,408,000 $20.00 1,896,517 20 $758,606,761 0.58 66 SR 79 (SANDERSON AVE) GILMA RSDPRINGS RAMONA EXPWY 2.0 Widen 4-6 Lanes $12.82 61,400 2.0 20 $31,485,920 $0.011 61,400 2.0 20 $27,016 $176,000 2.0 $352,000 $20.00 44,341 20 $17,736,413 1.34 67 SR-79 HUNTER RD DOMENIGONI PKWY 10.0 4L Arterial to 6L Arterial $12.82 45,200 10.0 20 $115,892,800 $0.011 45,200 10.0 20 $99,440 $176,000 10.0 $1,760,000 $20.00 163,210 20 $65,283,867 1.47 68 SR-79/TEMECULA PKWAY 1-15 PECHANGA PKWY 1.0 Widen 6-8 Lanes $12.82 55,400 1.0 20 $14,204,560 $0.011 55,400 1.0 20 $12,188 $176,000 1.0 $176,000 $20.00 20,004 20 $8,001,607 10.35 69 SR-86 AVE 62 2.0 New Interchange $12.82 13,300 2.0 20 $6,820,240 $0.011 13,300 2.0 20 $5,852 $176,000 2.0 $352,000 $20.00 9,605 20 $3,841,927 0.16 70 SR-86 AVE 54 2.0 New Interchange $12.82 5,200 2.0 20 $2,666,560 $0.011 5,200 2.0 20 $2,288 $176,000 2.0 $352,000 $20.00 3,755 20 $1,502,107 0.05 71 SR-86 AVENUE 52 2.0 New Interchange $12.82 24,300 2.0 20 $12,461,040 $0.011 24,300 2.0 20 $10,692 $176,000 2.0 $352,000 $20.00 17,549 20 $7,019,460 0.60 72 SR-86 AVE 50 2.0 New Interchange $12.82 31,900 2.0 20 $16,358,320 $0.011 31,900 2.0 20 $14,036 $176,000 2.0 $352,000 $20.00 23,037 20 $9,214,847 0.81 73 SR-86 DILLON RD 2.0 Upgraded Interchange $12.82 19,500 2.0 20 $9,999,600 $0.011 19,500 2.0 20 $8,580 $176,000 2.0 $352,000 $20.00 14,082 20 $5,632,900 0.60 74 SR-86 AVE 66 2.0 New Interchange $12.82 17,400 2.0 20 $8,922,720 $0.011 17,400 2.0 20 $7,656 $176,000 2.0 $352,000 $20.00 12,566 20 $5,026,280 0.21 75 SR-91 SR-91/SR-71 JCT 4.0 Upgraded Interchange $12.82 171,600 4.0 20 $175,992,960 $0.011 171,600 4.0 20 $151,008 $176,000 4.0 $704,000 $20.00 247,848 20 $99,139,040 2.18 75A SR-91 GREEN RIVER RD 2.0 Auxiliary Lane $12.82 2,000 2.0 20 $1,025,600 $0.011 2,000 2.0 20 $880 $176,000 2.0 $352,000 $20.00 1,444 20 $577,733 0.04 76 SR-91 TYLER ST 2.0 Upgraded Interchange $12.82 14,200 2.0 20 $7,281,760 $0.011 14,200 2.0 20 $6,248 $176,000 2.0 $352,000 $20.00 10,255 20 $4,101,907 0.24 77 SR-91 ADAMS ST 2.0 Upgraded Interchange $12.82 26,800 2.0 20 $13,743,040 $0.011 26,800 2.0 20 $11,792 $176,000 2.0 $352,000 $20.00 19,354 20 $7,741,627 0.68 78 SR-111 N. PALM CANYON DR SUNRISE PARKWAY 2.0 4L Arterial to 6L Arterial $12.82 34,700 2.0 20 $17,794,160 $0.011 34,700 2.0 20 $15,268 $176,000 2.0 $352,000 $20.00 25,059 20 $10,023,673 3.35 79 1-215 NUEVO RD BOX SPRINGS RD 11.0 6L Freeway to 8L Freeway $12.82 87,800 11.0 20 $247,631,120 $0.011 87,800 11.0 20 $212,476 $176,000 11.0 $1,936,000 $20.00 751,120 20 $300,447,998 2.59 80 1-215 SR-91 SR-60 6.0 Corridor Improvements $12.82 112,000 6.0 20 $172,300,800 $0.011 112,000 6.0 20 $147,840 $176,000 6.0 $1,056,000 $20.00 522,626 20 $209,050,585 0.49 81 1-215 1.5 MILES N/O MURRIETA HOT SPRINGS RD ONE MILE S/0 FRENCH VALLEY PARKWAY 3.0 Add Mixed Flow and Auxilary Lane $12.82 65,000 3.0 20 $49,998,000 $0.011 65,000 3.0 20 $42,900 $176,000 3.0 $528,000 $20.00 151,655 20 $60,662,000 7.48 82 1-215 PLACENTIA AVE 2.0 Upgraded Interchange $12.82 21,500 2.0 20 $11,025,200 $0.011 21,500 2.0 20 $9,460 $176,000 2.0 $352,000 $20.00 15,527 20 $6,210,633 0.26 83 1-215 SCOTT RD 2.0 Upgraded Interchange (2020) $12.82 30,400 2.0 20 $15,589,120 $0.011 30,400 2.0 20 $13,376 $176,000 2.0 $352,000 $20.00 21,954 20 $8,781,547 0.43 84 1-215 ALESSANDRO BLVD 2.0 Upgraded Interchange $12.82 67,200 2.0 20 $34,460,160 $0.011 67,200 2.0 20 $29,568 $176,000 2.0 $352,000 $20.00 48,530 20 $19,411,840 1.81 85 1-215 SCOTT RD 2.0 Upgraded Interchange (2038) $12.82 30,400 2.0 20 $15,589,120 $0.011 30,400 2.0 20 $13,376 $176,000 2.0 $352,000 $20.00 21,954 20 $8,781,547 0.42 86 1-215 GARBANI RD 2.0 New Interchange $12.82 9,400 2.0 20 $4,820,320 $0.011 9,400 2.0 20 $4,136 $176,000 2.0 $352,000 $20.00 6,788 20 $2,715,347 0.13 87 1-215 CACTUS AVE 2.0 Upgraded Interchange $12.82 71,000 2.0 20 $36,408,800 $0.011 71,000 2.0 20 $31,240 $176,000 2.0 $352,000 $20.00 51,274 20 $20,509,533 0.88 88 1-215 KELLER RD 2.0 Upgraded Interchange $12.82 5,000 2.0 20 $2,564,000 $0.011 5,000 2.0 20 $2,200 $176,000 2.0 $176,000 $20.00 3,611 20 $1,444,333 0.13 89 1-215 ELLIS AVE 2.0 New Interchange $12.82 71,800 2.0 20 $36,819,040 $0.011 71,800 2.0 20 $31,592 $176,000 2.0 $352,000 $20.00 51,852 20 $20,740,627 0.44 90 1-215 RAMONA EXPWY 2.0 Upgraded Interchange $12.82 79,500 2.0 20 $40,767,600 $0.011 79,500 2.0 20 $34,980 $176,000 2.0 $352,000 $20.00 57,412 20 $22,964,900 0.74 91 1-215 HARLEY KNOX BLVD 2.0 Upgraded Interchange $12.82 87,800 2.0 20 $45,023,840 $0.011 87,800 2.0 20 $38,632 $176,000 2.0 $352,000 $20.00 63,406 20 $25,362,493 2.18 92 1-215 CASE RD/MATHEWS RD 2.0 Upgraded Interchange $12.82 41,400 2.0 20 $21,229,920 $0.011 41,400 2.0 20 $18,216 $176,000 2.0 $352,000 $20.00 29,898 20 $11,959,080 1.60 93 1-215 NUEVO RD 2.0 Upgraded Interchange $12.82 71,800 2.0 20 $36,819,040 $0.011 71,800 2.0 20 $31,592 $176,000 2.0 $352,000 $20.00 51,852 20 $20,740,627 4.46 December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Project Number Route Name From Length To (mi) Project Type Safety Benefits: (Length) Life (DL) DL Value Operational Benefits: $0.11 x ADT x L (Length) x Project Design Life Value Maintenance Benefits: (Full Reconstruction Only): $176,000 x L (Length) $20.00 Travel Time Benefits: x Reduction in Annual Travel Hours x Project Design Life B/C Ratio $12.82 x ADT x L x Project Design Length ADT (mi) Length ADT (mi) DL Length ( Value Reduction in Annual Travel Hours DL Value 94 1-215 SUN CITY BLVD./MCCALL 2.0 Upgraded Interchange $12.82 15,600 2.0 20 $7,999,680 $0.011 15,600 2.0 20 $6,864 $176,000 2.0 $352,000 $20.00 11,266 20 $4,506,320 0.34 95 1-215 ETHANAC RD 2.0 Upgraded Interchange $12.82 23,100 2.0 20 $11,845,680 $0.011 23,100 2.0 20 $10,164 $176,000 2.0 $352,000 $20.00 16,682 20 $6,672,820 0.76 96 ARLINGTON AVE MAGNOLIA AVE ALESSANDRO BLVD 3.0 WIDEN FROM 4 TO 6 LANES $12.82 61,700 3.0 20 $47,459,640 $0.011 61,700 3.0 20 $40,722 $176,000 3.0 $528,000 $20.00 66,837 20 $26,734,610 5.54 97 ARMSTRONG RD SAN BERNARDINO COUNTY LINE VALLEY WAY 2.0 WIDEN FROM 2 TO 4 LANES $12.82 52,400 2.0 20 $26,870,720 $0.011 52,400 2.0 20 $23,056 $176,000 2.0 $352,000 $20.00 37,842 20 $15,136,613 4.74 98 AVE 62 FILLMORE ST PIERCE ST 1.0 WIDEN FROM 2 TO 6 LANES $12.82 600 1.0 20 $153,840 $0.011 600 1.0 20 $132 $176,000 1.0 $176,000 $20.00 217 20 $86,660 0.01 99 AVE 62 POLK ST FILLMORE ST 1.0 WIDEN FROM 2 TO 6 LANES $12.82 600 1.0 20 $153,840 $0.011 600 1.0 20 $132 $176,000 1.0 $176,000 $20.00 217 20 $86,660 0.02 100 AVE 62 JACKSON ST VAN BUREN ST 1.0 WIDEN FROM 2 TO 6 LANES $12.82 3,400 1.0 20 $871,760 $0.011 3,400 1.0 20 $748 $176,000 1.0 $176,000 $20.00 1,228 20 $491,073 0.10 101 AVE 62 VAN BUREN ST HARRISON ST 1.0 WIDEN FROM 2 TO 6 LANES $12.82 4,800 1.0 20 $1,230,720 $0.011 4,800 1.0 20 $1,056 $176,000 1.0 $176,000 $20.00 1,733 20 $693,280 0.15 102 AVE 62 MONROE ST JACKSON ST 4.0 WIDEN FROM 2 TO 6 LANES $12.82 5,100 4.0 20 $5,230,560 $0.011 5,100 4.0 20 $4,488 $176,000 4.0 $704,000 $20.00 7,366 20 $2,946,440 0.70 103 AVE 62 PIERCE ST SR-86 1.0 WIDEN FROM 2 TO 6 LANES $12.82 2,000 1.0 20 $512,800 $0.011 2,000 1.0 20 $440 $176,000 1.0 $176,000 $20.00 722 20 $288,867 0.08 104 AVE 62 HARRISON ST TYLER ST 1.0 WIDEN FROM 2 TO 6 LANES $12.82 200 1.0 20 $51,280 $0.011 200 1.0 20 $44 $176,000 1.0 $176,000 $20.00 72 20 $28,887 0.03 105 AVE 62 TYLER ST POLK ST 1.0 WIDEN FROM 2 TO 6 LANES $12.82 200 1.0 20 $51,280 $0.011 200 1.0 20 $44 $176,000 1.0 $176,000 $20.00 72 20 $28,887 0.03 106 AVE 62 WEST OF SR-111 WEST OF SR-86 1.0 GRADE SEPARATION 2 LANES AT UPRR TRACKS AND SR111 $12.82 2,000 1.0 20 $512,800 $0.011 2,000 1.0 20 $440 $176,000 1.0 $176,000 $20.00 722 20 $288,867 0.01 107 CAJALCO RD TEMESRDAL CYN I-215 2L Arterial to 4L Arterial $12.82 24,000 16.0 20 $98,457,600 $0.011 24,000 16.0 20 $84,480 $176,000 16.0 $2,816,000 $20.00 138,656 20 $55,462,400 0.39 108 HARRISON ST AVE 54 AVE 56 1.0 WIDEN FROM 2 TO 4 LANES $12.82 16,700 1.0 20 $4,281,880 $0.011 16,700 1.0 20 $3,674 $176,000 1.0 $176,000 $20.00 6,030 20 $2,412,037 0.78 109 HWY 111 EL DORADO DR EAST CITY LIMIT 2.0 Widen 4-6 lanes $12.82 49,900 2.0 20 $25,588,720 $0.011 49,900 2.0 20 $21,956 $176,000 2.0 $352,000 $20.00 36,036 20 $14,414,447 1.23 110 HWY 111 DEEP CANYON CHANNEL WEST CITY LIMIT 4 Widen 4-6 lanes $12.82 49,900 4.0 20 $51,177,440 $0.011 49,900 4.0 20 $43,912 $176,000 4.0 $704,000 $20.00 72,072 20 $28,828,893 2.91 111 LIMONITE AVE WINEVILLE AVE. ETIWANDA AVE 1.0 WIDEN EB LANE FROM 1 LANE TO 2 LANES. $12.82 33,000 1.0 20 $8,461,200 $0.011 33,000 1.0 20 $7,260 $176,000 1.0 $176,000 $20.00 11,916 20 $4,766,300 1.92 112 LIMONITE AVE BAIN ST. DOWNEY ST 1.0 WIDEN FROM 2 TO 4 LANES $12.82 39,100 1.0 20 $10,025,240 $0.011 39,100 1.0 20 $8,602 $176,000 1.0 $176,000 $20.00 14,118 20 $5,647,343 2.44 113 LIMONITE AVE VAN BUREN BLVD BALDWIN ST 1.0 WIDEN FROM 4 TO 6 LANES $12.82 31,700 1.0 20 $8,127,880 $0.011 31,700 1.0 20 $6,974 $176,000 1.0 $176,000 $20.00 11,446 20 $4,578,537 6.90 114 LIMONITE AVE. ARCHIBALD HAMNER 2.0 WIDENING OF LIMONITE AVE FROM 4 TO 6 LANES $12.82 34,200 2.0 20 $17,537,760 $0.011 34,200 2.0 20 $15,048 $176,000 2.0 $352,000 $20.00 24,698 20 $9,879,240 3.46 114A LIMONITE AVE. ARCHIBALD HELLMAN 1.0 NEW ROADWAY $12.82 32,600 1.0 20 $8,358,640 $0.011 32,600 1.0 20 $7,172 $176,000 1.0 $176,000 $20.00 11,771 20 $4,708,527 0.85 115 MARKET ST RUBIDOUX BLVD. NORTH OF THE SANTA ANA RIVER 1.0 WIDEN FROM 2 TO 4 LANES $12.82 32,500 1.0 20 $8,333,000 $0.011 32,500 1.0 20 $7,150 $176,000 1.0 $176,000 $20.00 11,735 20 $4,694,083 0.42 116 MARKET ST AT SANTA ANA RIVER 1.0 WIDEN FROM 2 TO 4 LANES $12.82 25,500 1.0 20 $6,538,200 $0.011 25,500 1.0 20 $5,610 $176,000 1.0 $176,000 $20.00 9,208 20 $3,683,050 0.25 117 MONTEREY AVE. HOVLEY LN WEST PARK VIEW DR. 1.0 WIDEN FROM 4 TO 6 LANES $12.82 14,800 1.0 20 $3,794,720 $0.011 14,800 1.0 20 $3,256 $176,000 1.0 $176,000 $20.00 5,344 20 $2,137,613 1.14 118 MONTEREY AVE. DINAH SHORE DR. GERALD FORD DR. 4.0 WIDEN SB FROM 2 TO 3 LANES $12.82 10,300 4.0 20 $10,563,680 $0.011 10,300 4.0 20 $9,064 $176,000 4.0 $704,000 $20.00 14,877 20 $5,950,653 9.31 119 HWY 111 CATHEDRAL CYN DATE PALM DR WIDEN FROM 4 TO 6 LANES $12.82 38,200 1.0 20 $9,794,480 $0.011 38,200 1.0 20 $8,404 $176,000 1.0 $176,000 $20.00 13,793 20 $5,517,353 6.05 120 HWY 111 DATE PALM DR EAST CATHEDRAL CITY LIMIT WIDEN FROM 4 TO 6 LANES $12.82 48,300 1.0 20 $12,384,120 $0.011 48,300 1.0 20 $10,626 $176,000 1.0 $176,000 $20.00 17,440 20 $6,976,130 6.90 December 2019 Appendix A RNERSPDE COUNT! TRANSPORTATION COMMISSION gmA 0 !. LRTS Project Number Route Name From To Length (mi) Project Type Safety Benefits: Operational Benefits: Maintenance Benefits: LONG RANGE TRANSPORTATION STUDY Travel Time Benefits: $12.82 x ADT x L (Length) $0.11 x ADT x L (Length) (Full Reconstruction Only): $20.00 x Reduction in Annual Travel Hours x Project Design Life (DL) ADT Length (mi) DL Value x Project Design Life ADT Length (mi) DL Value $176,000 x L (Length) Length (r Value x Project Design Life Reduction in Annual Travel Hours DL Value B/C Ratio 121 PALM CANYON DR WEST CATHEDRAL CITY LIMITS CATHEDRAL CANYON DRIVE 1.0 WIDEN FROM 4 TO 6 LANES $12.82 38,200 1.0 20 $9,794,480 $0.011 38,200 1.0 20 $8,404 $176,000 1.0 $176,000 $20.00 13,793 20 $5,517,353 1.34 122 RAMON RD MONTEREY AVE THOUSAND PALMS CYN RD 4.0 WIDEN FROM 2 TO 4 LANES $12.82 2,300 4.0 20 $2,358,880 $0.011 2,300 4.0 20 $2,024 $176,000 4.0 $704,000 $20.00 3,322 20 $1,328,787 0.20 123 RAMON RD VARNERRD DATE GARDEN DR. 1.0 WIDEN FROM 4 TO 6 LANES $12.82 9,300 1.0 20 $2,384,520 $0.011 9,300 1.0 20 $2,046 $176,000 1.0 $176,000 $20.00 3,358 20 $1,343,230 12.93 124 RAMONA EXPWY PICO AVE BRIDGE ST 2.0 WIDENING FROM 2 TO 6 LANES $12.82 18,900 2.0 20 $9,691,920 $0.011 18,900 2.0 20 $8,316 $176,000 2.0 $352,000 $20.00 13,649 20 $5,459,580 0.19 125 RAMONA EXPWY RIDER ST PICO AVE 6.0 WIDENING FROM 4 TO 6 LANES $12.82 21,100 6.0 20 $32,460,240 $0.011 21,100 6.0 20 $27,852 $176,000 6.0 $1,056,000 $20.00 45,713 20 $18,285,260 9.16 126 RAMONA EXPWY (PHASE III) EAGLE RD LAKE PARK DR 2.0 WIDENING FROM 4 TO 6 LANES $12.82 29,800 2.0 20 $15,281,440 $0.011 29,800 2.0 20 $13,112 $176,000 2.0 $352,000 $20.00 21,521 20 $8,608,227 2.07 127 VAN BUREN BLVD AUDREY AVE GARFIELD 1.0 WIDEN FROM 4 TO 6 LANES $12.82 57,300 1.0 20 $14,691,720 $0.011 57,300 1.0 20 $12,606 $176,000 1.0 $176,000 $20.00 20,690 20 $8,276,030 1.16 128 VAN BUREN BLVD MOCKINGBIRD CANYON RD WOOD RD 4.0 WIDEN FROM 4 TO 6 LANES $12.82 50,900 4.0 20 $52,203,040 $0.011 50,900 4.0 20 $44,792 $176,000 4.0 $704,000 $20.00 73,517 20 $29,406,627 5.60 129 VAN BUREN BLVD ORANGE TERRACE PKWY OPPORTUNITY WAY 2.0 WIDEN FROM 4 TO 6 LANES $12.82 41,800 2.0 20 $21,435,040 $0.011 41,800 2.0 20 $18,392 $176,000 2.0 $352,000 $20.00 30,187 20 $12,074,627 8.51 130 VAN BUREN BOULEVARD LIMONITE AVENUE SANTA ANA RIVER 1.0 WIDEN ROAD FROM 4 TO 6 LANES $12.82 68,300 1.0 20 $17,512,120 $0.011 68,300 1.0 20 $15,026 $176,000 1.0 $176,000 $20.00 24,662 20 $9,864,797 3.23 December 2019 Appendix A Long Range Transportation Study: Major Transit Projects Contents ■ Major Transit Projects ■ Major Transit Project Evaluation NOTE: The list of candidate transit projects was developed from the 2016 Regional Transportation Plan/Sustainable Communities Strategy (RTP/SCS), the Draft 2020 RTP/SCS and short-range transit plans (SRTPs) prepared by transit operators. The project list focused on projects involving capital improvements and projects over $100,000 in cost. Inclusion of a project in the transit project list does not imply higher priority than other Riverside County projects since project priorities will be determined in processes conducted separately from the LRTS. RIVERSIDE COUNTY TRANSPORTATION COMMISSION Ef4tg LONG RANGE TRANSPORTATION STUDY Major Transit Projects December2019 Appendix B RNERSPDE COUNT! TRANSPORTATION COMMISSION g LRTS LONG RANGE TRANSPORTATION STUDY Project Number 1 Location WRC Name CNG Facility Owner Banning Pass Transit Completion Date 2019 Status Cost($1,000s) 400 ID gAdditionalInfo 19-01 This request for $400,000 will be combined with $308,058 of existing reprogrammed capital funds and will be used to construct a new CNG Facility. An engineering assessment of the facility resulted in a recommendation to replace all components of the facility due to age and condition and the fact that several components (i.e. compressor control system and dispensers) of the existing system are obsolete and replacement parts have become increasingly difficult to procure. The CNG Facility is used both by the City and the Banning Unified School District and the school district will be sharing in the cost of total cost of the project. Source gLink FY 18-19/ 20-21 SRTP Riverside County https://www.rctc.org/wp- content/uploads/2017/03/citizens- advisory-committee-june-21- 2018.original.pdf 2 WRC CORONA INTELLIGENT TRANSPORTATION SYSTEM (ITS) City of Corona 2021 500 19-01 PURCHASE AND INSTALL AN INTELLIGENT TRANSPORTATION SYSTEM THAT WILL SUPPORT THE FOLLOWING GPS BASED COMPONENTS: 1) AUTOMATIC VEHICLE LOCATION (AVL); 2) AUTOMATED VEHICLE ANNUNCIATOR SYSTEM (AVAS); 3) COMPUTER AIDED DISPATCHING (CAD) AND; 4) AUTOMATED PASSENGER COUNT (APC). THE SYSTEM WILL IMPROVE PERFORMANCE MONITORING, AND REPORTING CAPABILITIES, AND IMPROVE SERVICE QUALITY AND BUS EFFICIENCY. FY 18-19/ 20-21 SRTP Riverside County https://www.rctc.org/wp- content/uploads/2017/03/citizens- advisory-committee-june-21- 2018.original.pdf 3 Regional RIVERSIDE COUNTY FLEET UPGRADES & EXPANSION RCTC 2022 FTIP 161,000 RIV130805 IN RIVERSIDE CO - GROUPED PROJECTS FOR PURCHASE OF NEW BUSES & RAIL CARS TO REPLACE EXISTING VEHICLES OR FOR MINOR EXPANSIONS OF THE FLEET: PROJECTS ARE CONSISTENT WITH 40 CFR PART 93.126 EXEMPT TABLES 2 AND TABLE 3 CATEGORIES - PURCHASE OF NEW BUSES AND RAIL CARS TO REPLACE EXISTING VEHICLES OR FOR MINOR EXPANSIONS OF THE FLEET (FTA 5310- FFY 12) ($21TDC USED TO MATCH FTA 53101N CONS). SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 4 Regional INDEPENDENT LIVING PARTNERSHIP PROGRAM RCTC 2022 FTIP 882 RIV150303 IN RIVERSIDE COUNTY FOR INDEPENDENT LIVING PARTNERSHIP - CONTINUATION OF TRIP PROGRAM (FTA 5310- FFY 12/13AND FFY 13/14) ($441KTRANSPORTATION DEVELOPMENT CREDIT UTILIZATION IN CONSTRUCTION). SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 5 Regional REGIONAL RIDESHARE CONTINUING PROGRAM RCTC 2022 FTIP 12,857 RIV520111 REGIONAL RIDESHARE - CONTINUING PROGRAM ($115.73 IN FY12/13 AND $193.96IN FY 13/141N TOLL CREDITS UTILIZED TO MATCH CMAQ IN CONS). SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 6Regional RCTC COMMUTER ASSISTANCE PROGRAM RCTC 2036 Financially Constrained 13,373 3160055AND-RIDE, RCTC COMMUTER ASSISTANCE PROGRAM: RIDESHARE PROGRAMS, INCENTIVES VANPOOL PROGRAM (VANPOOL LEASE, ASSET MANAGEMENT, CONSULTANTS, OTHER), PROGRAM OUTREACH, TDM (TELECOMMUTER, PARK- ETC.) SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 7 WRC PARK-N-RIDE EXPANSION IN WRC RCTC 2022 FTIP 690 RIV111207 IN WESTERN RIVERSIDE COUNTY- CONTINUE THE IMPLEMENTATION OF PARK-N-RIDE FACILITIES THROUGH PROPERTY LEASES (VARIOUS LOCATIONS THROUGHOUT THE WESTERN COUNTY). SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 8 WRC PARK AND RIDE FACILITIES IN RIVERSIDE COUNTY RCTC 2020 Financially Constrained 12,000 3160053 PARK -AND -RIDE FACILITIES IN THE RIVERSIDE COUNTY (IN THE VICINITY OF CORONA/RIVERSIDE, LAKE ELSINORE, ANDTEMECULA/MURRIETA) SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 9 Regional 1 PERRIS VALLEY LINE EXTENSION TO SAN JACINTO RCTC 2035 Financially Constrained , 400,000 3CR0702 Rapid Commuter Corridor from Perris to San Jacinto SCAG RTP/ 2019 Next Generation Rail Corridors Analysis http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 10 Regional 91/ PERRIS VALLEY LINE EXTENSION TO TEMECULA RCTC ND Strategic , 500,000 S3160002 Rapid Commuter Corridor from Perris to Temecula SCAG RTP/ 2019 Next Generation Rail Corridors Analysis http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 11Regional 1 METROLINK PTC UPGRADES RCTC ND FTIP 4,786 RIV090301 1 METROLINK POSITIVE TRAIN CONTROL (PTC): SYSTEM WIDE IMPLEMENTATION OF PTC-JOINT PROJECT FUNDED BY LACMTA, OCTA, SBCTA, AND VCTC (RCTC PROGRAMMING ONLY ITS SHARE OF THE PROJECT COST) (FY 09 - ARRA FTA 5307). SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf December 2019 Appendix B RNERSPDE COUNT! TRANSPORTATION COMMISSION g LRTS LONG RANGE TRANSPORTATION STUDY Project Number 12 Location WRC Name Owner RCTC Completion Date 2027 Status Cost($1,000s) - 53,204 ID Additional Info Riverside -Downtown Station Improvements - Install an additional center platform and siding track, extend the existing pedestrian overpass and construct an additional elevator for ADA compliance. (SCORE Project) Source gLink AGENCY COMMENTS 11-16-18 RIVERSIDE DOWNTOWN STATION IMPROVEMENTS 13 WRC MORENO VALLEY/MARCH STATION IMPROVEMENTS RCTC 2027 51,938 Moreno Valley/ March Station Improvement - station upgrade with additional platform and a pedestrian overpass. AGENCY COMMENTS 11-16-18 14 WRC PERRIS SOUTH METROLINK STATION IMPROVEMENTS RCTC 2030 24,916 Moreno Valley/ March Station Improvement - station upgrade with additional platform and a pedestrian overpass. AGENCY COMMENTS 11-16-18 15 WRC PERRIS VALLEY LINE SECOND MAIN TRACK RCTC 2030 41,527 PVL 2nd Main Track Project including approx 9 miles of second main track from Control Point Eastridge (MP 72.2) to Control Point Nuevo (MP 81.4) AGENCY COMMENTS 11-16-18 16 WRC FUTURE STATION PARKING EXPANSIONS RCTC 200,000 • 17 91 LINE EXTENSION TO LAKE ELSINORE RCTC 2045 Strategic 600,000 Rapid Commuter Corridor from Corona to Lake Elsinore 2019 Next Generation Rail Corridors Analysis 18 Regional COACHELLA VALLEY RAIL SERVICE RCTC ND Strategic 800,000 S3120001 ESTABLISH DAILY RAIL SERVICE BETWEEN DOWNTOWN LOS ANGELES AND THE COACHELLA VALLEY SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 19 Regional METROLINK COMMUTER RAIL RCTC/SCRRA 2035 Financially Constrained 11,180 3CR0701 METROLINK COMMUTER RAIL EXISTING LINES SERVICES EXPANSION - RIVERSIDE, 91, AND IEOC LINES SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 20 Regional TYPE VII BUS FLEET EXPANSION (CONTRACT- OPERATED) RTA • 2045 Financially Constrained • 3,526 3120029 POPULATION AND URBAN DEVELOPMENT GROWS THROUGHOUT THE RTA SERVICE AREA THAT WILL IMPROVE FREQUENCY, SCHEDULE ADHERENCE, AND EXTENSIONS OF SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 40' BUSES (DIRECTLY -OPERATED) • • 40' BUS EXPANSION - EQUIPMENT FOR TRANSIT SERVICE EXPANSION AS POPULATION AND URBAN DEVELOPMENT GROWS THROUGHOUT THE RTA SERVICE AREA THAT WILL IMPROVE FREQUENCY, SCHEDULE ADHERENCE, http://scagrtpscs.net/Documents/201 21 Regional EXPANSION RTA 2028 Financially Constrained 21,466 3120028 AND EXTENSIONS OF EXISTING BUS ROUTES. SCAG RTP 6/final/f2016RTPSCS_ProjectList.pdf 22 WRC HEMET MOBILITY HUB RTA 2025 FTIP 11,836 RIV180131 IN WESTERN RIV CO IN THE CITY OF HEMET FOR RIVERSIDE TRANSIT AGENCY - CONSTRUCTION OF THE HEMET MOBILITY HUB ON 2 ACRE PARCEL LOCATED EAST OF RAIL ROW, SOUTH OF EAST DATE STREET, WEST OF NORTH JUAN ITA ST, AND NORTH OF EAST DEVONSHIRE AVE TO INCLUDE: 10 BUS BAYS, 10 SHELTERS/CANOPIES, 20 PARKING SPACES, 1 TRAFFIC SIGNAL AT DEVONSHIRE &CARMALITA, 1 CONTROLLED INTERSECTION AT DEVONSHIRE ANDJUANITA; STORAGE AND RESTROOM FACILITY. (5339 FY16 & FY17) SCAG RTP ' http://ftip.scag.ca.gov/Documents/F 2019-FTIP-5307RIV.pdf 23 WRC RIVERSIDE MULTIMODAL TRANSIT CENTER RTA 2030 Financially Constrained 25,000 3120027 ENGINEERING AND CONSTRUCTION OF MULTIMODAL TRANSIT CENTER SCAG RTP http://scagapscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 24 WRC • HIGH QUALITY TRANSIT CORRIDOR INFRASTRUCTURE IMPROVEMENTS RTA 2045 Financially Constrained 10,000 3160045 HIGH QUALITY TRANSIT CORRIDOR INSTRASTRUCTURE FOR RTA'S ADDITIONAL RAPIDLINK ROUTES. PLAN FOR LAND ACQUISITION, ENVIRONMENTAL CLEARANCE, ARCHITECTURAL& ENGINEERING, AND CONSTRUCTION. SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 25 WRC TYPE II BUSES (DIAL -A -RIDE) EXPANSION RTA 2045 Financially Constrained • 6,460 3160046 EXPANSION EQUIPMENT FOR PARATRANSIT (DIAL -A -RIDE) TRANSIT SERVICE AS POPULATION AND URBAN DEVELOPMENT GROWS THROUGHOUT RTA'S SERVICE AREA. SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 26 WRC ' NON -REVENUE SUPPORT CARS EXPANSION RTA ' 2028 Financially Constrained , 102 3160048 NON -REVENUE SUPPORT CARS EXPANSION. SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 27 WRC NON -REVENUE SUPPORT TRUCKS EXPANSION RTA ' 2045 Financially Constrained , 1,876 3160049 NON -REVENUE SUPPORT TRUCKS EXPANSION. SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf December 2019 Appendix B RNERSPDE COUNT! TRANSPORTATION COMMISSION g LRTS LONG RANGE TRANSPORTATION STUDY Project Number 28 Location WRC Name - ASSOCIATED TRANSIT ENHANCEMENTS Owner ak Completion Date 2045 Status ljj Financially Constrained Cost($1,000s) Ej 17,500 ID 3TC0702 Additional Info - Source - SCAG RTP Link - http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf RTA BUS STOP ENHANCEMENTS WITH SUPPORT EQUIPMENT, RELATED AMENITIES, AND LANDSCAPING TO KEEP PACE WITH NEW TECHNOLOGY IN THE AREAS OF CUSTOMER CONVENIENCES, SAFETY, ENVIRONMENTAL IMPROVEMENTS, ACCESSIBILITY, AND AESTHETIC VALUE. 29 WRC TRANSIT CENTER IN MORENO VALLEY RTA 2035 Financially Constrained 6,000 RIV051007 1 REGIONAL TRANSIT CENTER FOR MASS TRANSIT SERVICE IN WESTERN RIVERSIDE COUNTY IN THE MORENO VALLEY VICINITY, SOUTH OF SR-60. SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 30 WRC COMMUTER VEHICLE EXPANSION RTA ' 2035 Financially Constrained 17,600 3120034 BUSES FOR EXPRESS AND RAPID BUS SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 31 WRC RAPIDLINK SERVICE RIVERSIDE/MORENO VALLEY/PERRIS RTA 2030 Financially Constrained 25,000 3160060 PLANNING AND DEVELOPMENT FOR RAPIDLINK SERVICE BETWEEN RIVERSIDE, MORENO VALLEY, AND PERRIS, INCLUDING BUT NOT LIMITED TO, ROLLING STOCK AND STOP INFRASTRUCTURE SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 32 WRC 40' BUSES (DIRECTLY -OPERATED) REPLACEMENT RTA 2026 Financially Constrained 328,254 3120030 BUSES FOR REPLACEMENT TO MAINTAIN SGR SCAG RTP ' 33 WRC NON -REVENUE SUPPORT CARS REPLACEMENT RTA 2045 Financially Constrained 6,120 3160052 NON -REVENUE SUPPORT CARS REPLACEMENT SCAG RTP ' 34 WRC NON -REVENUE SUPPORT TRUCKS REPLACEMENT RTA 2045 Financially Constrained 4,691 3160061 NON -REVENUE SUPPORT TRUCKS REPLACEMENT SCAG RTP ' 35 WRC TECHNOLOGY INFRASTRUCTURE UPGRADE AND MODERNIZATION RTA 2045 Financially Constrained 50,000 3TL807 SYSTEM UPGRADES, REAL TIME PASSENGER INFORMATION, FARE COLLECTION AND OPERATIONS MANAGEMENT TECHNOLOGIES CONSISTENT WITH THE TECHNOLOGY STRATEGIC PLAN SCAG RTP ' 36WRC TRANSIT CENTER REHABILITATION AND MODERNIZATION RTA 2045 Financially Constrained 20,000 3TL307 MAINTENANCE, UPGRADE, POTENTIAL OF EXPANSION, AND INTRODUCTION OF NEW TECHNOLOGY FOR NINE TRANSIT CENTERS SCAG RTP 1 37 WRC TROLLEY BUS REPLACEMENT RTA 2036 Financially Constrained 3,526 3160051 REPLACEMENT TROLLEY BUSES FOR TRANSIT SUSTAI NABILITY THROUGHOUT THE RTA SERVICE AREA SCAG RTP ' 38WRC TYPE II BUSES (DIAL -A -RIDE) REPLACEMENT RTA 2045 Financially Constrained 77,778 3160050 REPLACEMENT PARATRANSIT (DIAL -A -RIDE) TYPE II BUSES FOR TRANSIT SERVICE SUSTAINABILITY THROUGHOUT THE RTA SERVICE AREA SCAG RTP ' 39 WRC TYPE VII BUSES (CONTRACT -OPERATED) EXPANSION RTA 2045 Financially Constrained 3,682 3120029 TYPE VII BUS EXPANSION- EQUIPMENT FOR TRANSIT SERVICE EXPANSION AS POPULATION AND URBAN DEVELOPMENT GROWS THROUGHOUT THE RTA SERVICE AREA THAT WILL IMPROVE FREQUENCY, SCHEDULE ADHERENCE, AND EXTENSIONS OF EXISTING BUS ROUTES SCAG RTP ' 40 WRC TYPE VII BUSES (CONTRACT -OPERATED) REPLACEMENT RTA 2045 Financially Constrained 149,830 3120031 TYPE VII BUS REPLACEMENTS - EQUIPMENT FOR TRANSIT SERVICE SUSTAINABILITY THROUGHOUT THE RTA SERVICE AREA SCAG RTP ' 41 WRC OPERATIONS AND MAINTENANCE FACILITY/ ZERO EMISSION VEHICLES AND INFRASTRUCTURE RTA 2045 Financially Constrained 150,000 RIV170111 PREPARE OPERATING & MAINTENANCE FACILITY/SUPPORT INFRASTRUCTURE MASTER PLAN TO MEET FUTURE PUBLIC TRANSIT NEEDS OF RTA'S SERVICE AREA. ALSO PREPARE A PLAN FOR PURCHASE OF A ZERO EMISSION VEHICLE SCAG RTP 42 CV/PVV CENTER OF EXCELLENCE - LEARNING CENTER AT THOUSAND PALMS FACILITY Sunline Transit Agency 2025 , Need to be updated to FTIP , 2,600 3160063 CONSTRUCT NEW LEARNING CENTER TO TRAIN AND EDUCATE STUDENTS IN TRANSIT, HYDROGEN, CNG, AND ADMINISTRATION INDUSTRY. SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 43 CV/PVV NEW INTELLIGENT TRANSPORTATION SYSTEMS (ITS) PROGRAM Sunline Transit Agency 2025 ' Need to be updated to FTIP 1,500 3160065 PURCHASE AND IMPLEMENTATION OF NEW ITS EQUIPMENT. SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 44CV/PVV TRANSIT CENTERS Sunline Transit Agency 2025 1 Needs to be updated to Strategic 10,267 3TC04TR3 CONSTRUCT 3 TRANSIT CENTERS ( WEST AND EAST VALLEY) IN COACHELLA VALLEY LOCATIONS TOBEDETERMINED. SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf December 2019 Appendix B RNERSPDE COUNT! TRANSPORTATION COMMISSION g LRTS LONG RANGE TRANSPORTATION STUDY Project Number 45 Location CV/PVV Name - PARK -AND -RIDE LOTS Owner Sunline Transit Agency Completion Date 2030 Status - Needs to be updated to Strategic Cost ($1,000s) - 17,805 ID Addition - Source - SCAG RTP Link http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 3TC0703 ACQUIRE PROPERTY AND CONSTRUCT PARK AND RIDE LOTS 46 CV/PVV TRANSFER LOCATION IMPROVEMENT Sunline Transit Agency 2025 Needs to be updated to Strategic 7,574 3TL0407 FACILITY IMPROVEMENT TO ACCOMMODATE ADDITIONAL SERVICE ROUTES BASED ON RECOMMENDATION FROM COMPREHENSIVE OPERATIONAL ANALYSIS SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 47 CV/PVV PARATRANSITSERVICE IMPROVEMENTS Sunline Transit Agency 2025 1 Needs to be updated to Strategic 23,908 3TL104 SERVICE IMPROVEMENTS FOR SENIORS AND PERSONS WITH DISABILITIES. SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 48 CV/PVV EXPANSION BUS PURCHASES Sunline Transit Agency 2025 Financially Constrained 12,260 3TL504 PURCHASE ADDITIONAL BUSES FOR SERVICE IMPROVEMENTS, INCLUDING SERVICE REALIGNMENT AND SERVICE EXPANSION. SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 49 CV/PVV ASSOCIATED TRANSIT ENHANCEMENTS Sunline Transit Agency 2025 I Needs to be updated to Strategic 6,214 3TL607 PURCHASE MORE AMENITIES FOR INSTALLATION AT BUS STOPS THROUGHOUT THE SERVICE AREA BASED ON RECOMMENDATIONS FROM THE COA. SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 50CV/PVV GFI FAREBOXES, SMARTCARDS, SECURITY SYSTEMS Sunline Transit Agency 2025 Financially Constrained 2,978 3TL707 INSTALL SECURITY SYSTEMS IN SUNLINE BUSES AND ACQUIRE NEW FAREBOXES WITH SMARTCARD TECHNOLOGY AND CAPABILITIES. SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 51 CV/PVV BUS RAPID TRANSIT Sunline Transit Agency 2030 I Needs to be updated to Strategic 15,493 3TR04C IMPLEMENT BUS RAPID SERVICE/BRT ON HIGHWAY 111 BASED ON RECOMMENDATIONS IN THE COMPREHENSIVE OPERATIONAL ANALYSIS CONDUCTED IN 2005/06. PROJECT WILL ENTAIL COMPLETING FEASIBILITY STUDY AND WORKING WITH THE LOCALJURISDICTIONS ON VARIOUS ACTIVITIES PRIOR TO IMPLEMENTING PROJECT. SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 52 CV/PVV LAND AQUISITION / RENEWABLE ENERGY FACILITY Sunline Transit Agency 2025 Financially Constrained 5,000 Purchase of land and infrastucture to expand Sunline's Zero Emission Program SCAG RTP Submitted to RCTC 10/2018 53 CV/PVV INDIO PUBLIC FUELING FACILITY Sunline Transit Agency 2025 Strategic 16,000 Replacement of End of Useful Life Facility SunLine Master Plan 2016 , See Attached 54 CV/PVV HYDROGEN PUBLIC FUELING FACILITY Sunline Transit Agency 2025 Strategic 2,500 Public fueling facility to increase operating revenue and promote zero emission technology SunLine Master Plan 2016 1 See Attached 55 CV/PVV Thousand Palms Maintenance Facility Sunline Transit Agency 2025 Strategic 20,000 Replacement if obsolete maintenance facility in accordance with facility master plan SunLine Master Plan 2016 g See Attached 56 Regional ITS TRANSIT AND PARATRANSIT REAL TIME PASSENGER INFORMATION Various Agencies 2020 Financially Constrained 5,000 31TS09 FULLY INTEGRATED TRANSIT OPS, MANAGEMENT, AND TRAVELER INFORMATION SYSTEM/BRT/BUS SIGNAL PRIORITY SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf 57 Regional ITS TRANSIT AND PARATRANSIT REAL TIME PASSENGER INFORMATION Various Agencies 2020 Financially Constrained 5,000 31TS09 FULLY INTEGRATED TRANSIT OPS, MANAGEMENT, AND TRAVELER INFORMATION SYSTEM/ BRT/BUS SIGNAL PRIORITY SCAG RTP http://scagrtpscs.net/Documents/201 6/final/f2016RTPSCS_ProjectList.pdf December 2019 Appendix B RIVERSIDE COUNTY TRANSPORTATION COMMISSION Ef4tg LONG RANGE TRANSPORTATION STUDY Major Transit Project Evaluation December2019 Appendix B Mk= RNERSEDE COUNT! TRANSPORTATION COMMISSION LRTS TANG RANGEIRANSPORTATR]N STUDY Transit Evaluation projects Projects Evaluation Criteria includes projects from the SCAG RTP/SCS and the most recent Riverside with a cost under $100,000 have been excluded from the evaluation process. County Short Range Transit Plans. State of good repair projects, and 1. Banning Pass Transit - CNG Facility 2. Corona Intelligent Transportatio n System (ITS) 3. Riverside County Fleet Upgrades & Expansion 4. Independent Living Partnership Program 5. Regional Rideshare Continuing Program 6. RCTC Commuter Assistance Program 7. Park-N- Ride Expansion in WRC 8. Park and Ride Facilities in Riverside County 9. Perris Valley Line Extensio n to San Jacinto 10. 91/Perris Valley Linie Extension to Temecula 11. Metrolink PTC Upgrades 12. Riverside Downtown Station Improvemen is 13. Moreno Valley/March Station Improvement s 1 Is consistent with current regional, subregional, and local plans and policies, and Short and/or Long Range Transit Plans Notes Implements existing regional, subregional, and local plans and policies and Short or Long Range Transit Plans Consistent is defined as: a project listed within a plan 2 Provides improved access to activity centers or schools Notes Improves access to activity centers or schools through an expanded transit system Directly serves is defined as: a transit project that leads straight to or alongside an activity center or school. Indirectly serves is defined as: a transit project that does not lead straight to or go alongside an activity center or school but is within 0.5 miles of an activity center or school. Activity Center defined as: A medical center or civic center, school, office, park, employment or commercial area. School defined as: Public or private elementary, middle or high school, community college, trade college, or university. 3 Project will maintain established productivity standards Notes The project can be supported and operated overtime N/A for projects that do not have farebox revenue or do not have a farebox recovery goal. N/A N/A N/A N/A N/A N/A N/A N/A 4 Project provides for or promotes intermodal connectivity Notes The project enhances the regional transportation system Intermodal connectivity is defined as: bus to train, bus to airport, bus to a Park & Ride, bus to a Vanpool or Carpool, or bus to a Bike Facility. J 4 4 4 4 4 4 4 4 5 Links High -Frequency Transit Services Notes Does the route connect to other high frequency (timed transfer service or at least 15 minute service) transit routes? J 6 GHG Emissions Notes What is the change in regional CO2 emissions from implementing the project? Note: These scores will be ranked relative to the highest performing project. The calculation is based on the California Air Resources Board (CARB) EMFAC emissions model. 7 Project serves a transit dependent population and/or community or Indian Reservation Notes Project provides access to essential services for the transit dependent population Transit Dependent is defined as:individuals, or groups of individuals that do not have a choice in their selection of transportation modes, and are primarily dependent on the availability of public transportation. 8 Project enhances interagency transit service coordination Notes Enhances regional transportation system connectivity and ability to consolidate regional trips Examples include: vanpool, rideshare programs as well as coordination between transit operators. 9 Project reduces reliance on private automobiles Notes Enhances air quality and reduces peak automobile travel Activity Center defined as: A medical center or civic center, school, office, park, employment or commercial area. School defined as: Public or private elementary, middle or high school, community college, trade college, or university. 10 Project Includes CarpoolNanpool and Regional or Corridor transit Notes Addresses continued system continuity 4 4 J J 4 4 11 Project reduces vehicle congestion Notes Reduces commuter or special event trips 4 \I \I \I \I 4 4 12 Supports SCS growth principles Notes Project furthers implementation of the SCS \I \I \I \I \I J 13 Estimated Project Timing Notes More imminent projects are higher priority than those that are not ready to be implemented December 2019 Appendix B RNERSPDE COUNT! TRANSPORTATION COMMISSION g AP LRTS TANG RANGE -TRANSPORTATION STUDY Transit Projects Evaluation Criteria J Evaluation includes projects from the SCAG RTP/SCS and the most recent Riverside projects with a cost under $100,000 have been excluded from the evaluation process. County Short Range Transit Plans. State of good repair projects, and 14. Perris South Metrolink Station Improvemen is 15. Perris Valley Line Second Main Track 16. Future Station Parking Expansions 17. '91 Line Extension to Lake Elsinore 18. Coachella Valley Rail Service 19. Metrolink Commuter Rail 20. Type VII Bus Fleet Expansion (Contract - operated) 21.40' Buses (Directly- Operated) Expansion 22. Hemet Mobility Hub 23. Riverside Multimod al Transit Center 24.'High Quality Transit Corridor Infrastucture Improvements 1 Is consistent with current regional, subregional, and local plans and policies, and Short and/or Long Range Transit Plans Notes Implements existing regional, subregional, and local plans and policies and Short or Long Range Transit Plans Consistent is defined as: a project listed within a plan 2 Provides improved access to activity centers or schools Notes Improves access to activity centers or schools through an expanded transit system Directly serves is defined as: a transit project that leads straight to or alongside an activity center or school. Indirectly serves is defined as: a transit project that does not lead straight to or go alongside an activity center or school but is within 0.5 miles of an activity center or school. Activity Center defined as: A medical center or civic center, school, office, park, employment or commercial area. School defined as: Public or private elementary, middle or high school, community college, trade college, or university. 3 Project will maintain established productivity standards Notes The project can be supported and operated over time N/A for projects that do not have farebox revenue or do not have a farebox recovery goal. 4 v N/A N/A 4 4 N/A N/A N/A N/A N/A 4 Project provides for or promotes intermodal connectivity Notes The project enhances the regional transportation system Intermodal connectivity is defined as: bus to train, bus to airport, bus to a Park & Ride, bus to a Vanpool or Carpool, or bus to a Bike Facility. 5 Links High -Frequency Transit Services Notes Does the route connect to other high frequency (timed transfer service or at least 15 minute service) transit routes? 6 GHG Emissions Notes What is the change in regional CO2 emissions from implementing the project? Note: These scores will be ranked relative to the highest performing project. The calculation is based on the California Air Resources Board (CARB) EMFAC emissions model. 7 Project serves a transit dependent population and/or community or Indian Reservation Notes Project provides access to essential services for the transit dependent population Transit Dependent is defined as: individuals, or groups of individuals that do not have a choice in their selection of transportation modes, and are primarily dependent on the availability of public transportation. 8 Project enhances interagency transit service coordination Notes Enhances regional transportation system connectivity and ability to consolidate regional trips Examples include: vanpool, rideshare programs as well as coordination between transit operators. 9 Project reduces reliance on private automobiles Notes Enhances air quality and reduces peak automobile travel Activity Center defined as: A medical center or civic center, school, office, park, employment or commercial area. School defined as: Public or private elementary, middle or high school, community college, trade college, or university. 10 Project Includes Carpool/Vanpool and Regional or Corridor transit Notes Addresses continued system continuity \I \I 'NI Al \I \I \I 11 Project reduces vehicle congestion Notes Reduces commuter or special event trips '\I AI '\I '\I -\I '\I 12 Supports SCS growth principles Notes Project furthers implementation of the SCS \I AI -\I '\I 13 Estimated Project Timing Notes More imminent projects are higher priority than those that are not ready to be implemented December 2019 Appendix B RNERSEDE COUNT! TRANSPORTATION COMMISSION AP LRTS LONG RANGE IRANSPORfATION STUDY Transit Evaluation projects 1 Projects Evaluation Criteria j includes projects from the SCAG RTP/SCS and the most recent Riverside with a cost under $100,000 have been excluded from the evaluation process. Is consistent with current regional, subregional, and local plans and policies, and Short and/or Long Range Transit Plans County Short Range Transit Plans. State of good repair projects, and Notes 25. Type II Buses (Dial -a- Ride) Expansion 26. Non- Revenue Support Cars Expansion 27. Non- Revenue Support Trucks Expansion 28. Associated Transit Enhancem ents 29. Transit Center in Moreno Valley 30. 'Commuter Vehicle Expansion 31. Rapidlink Service Riverside/ Moreno Valley/Perris 32.'40' Buses (Directly- Operated) Replacement 33. Non- Revenue Support Cars Replacement 34. Non- Revenue Support Trucks Replacement 35.'Technology Infrastructure Upgrade & Modernization 36. Transit Center Rehabilitation & Modernizatio n Implements existing regional, subregional, and local plans and policies and Short or Long Range Transit Plans Consistent is defined as: a project listed within a plan 2 Provides improved access to activity centers or schools Notes Improves access to activity centers or schools through an expanded transit system Directly serves is defined as: a transit project that leads straight to or alongside an activity center or school. Indirectly serves is defined as: a transit project that does not lead straight to or go alongside an activity center or school but is within 0.5 miles of an activity center or school. Activity Center defined as: A medical center or civic center, school, office, park, employment or commercial area. School defined as: Public or private elementary, middle or high school, community college, trade college, or university. 3 Project will maintain established productivity standards Notes The project can be supported and operated over time N/A for projects that do not have farebox revenue or do not have a farebox recovery goal. N/A N/A N/A N/A N/A N/A AI N/A N/A N/A 4 Project provides for or promotes intermodal connectivity Notes The project enhances the regional transportation system Intermodal connectivity is defined as: bus to train, bus to airport, bus to a Park & Ride, bus to a Vanpool or Carpool, or bus to a Bike Facility. 5 Links High -Frequency Transit Services Notes Does the route connect to other high frequency (timed transfer service or at least 15 minute service) transit routes? 6 GHG Emissions Notes What is the change in regional CO2 emissions from implementing the project? Note: These scores will be ranked relative to the highest performing project. The calculation is based on the California Air Resources Board (CARB) EMFAC emissions model. 7 Project serves a transit dependent population and/or community or Indian Reservation Notes Project provides access to essential services for the transit dependent population Transit Dependent is defined as:individuals, or groups of individuals that do not have a choice in their selection of transportation modes, and are primarily dependent on the availability of public transportation. 8 Project enhances interagency transit service coordination Notes Enhances regional transportation system connectivity and ability to consolidate regional trips Examples include: vanpool, rideshare programs as well as coordination between transit operators. 9 Project reduces reliance on private automobiles Notes Enhances air quality and reduces peak automobile travel Activity Center defined as: A medical center or civic center, school, office, park, employment or commercial area. School defined as: Public or private elementary, middle or high school, community college, trade college, or university. 10 Project Includes Carpool/Vanpool and Regional or Corridor transit Notes Addresses continued system continuity Ai AI 11 Project reduces vehicle congestion Notes Ai Reduces commuter or special event trips 12 Supports SCS growth principles Notes Project furthers implementation of the SCS Al 13 Estimated Project Timing Notes More imminent projects are higher priority than those that are not ready to be implemented Ai Ai 4 December 2019 Appendix B RNERSPDE COUNT! TRANSPORTATION COMMISSION g LRTS LONG RANGE -TRANSPORTATION STUDY Transit Evaluation projects Projects Evaluation Criteria 1 includes projects from the SCAG RTP/SCS and the most recent Riverside with a cost under $100,000 have been excluded from the evaluation process. County Short Range Transit Plans. State of good repair projects, and 37. Trolley Bus Replacement 38. Type II Buses (Dial -A- Ride) Replacement 39. 'Type VII Buses (Contract- Operated) Expansion 40. Type VII Buses (Contract- Operated) Replacement 41. 'Operations & Maintenance Facility/Zero Emission Vehicles and Infrastructur 42. Center of Excellence - Learning Center at Thousand Palms Facility 43. New Intelligent Transportat ion Systems (ITS) Program 44. Transit Centers 45. Park- and- Ride Lots 46. Transfer Location Improve ments 47. Paratransit Service Improvements 1 Is consistent with current regional, subregional, and local plans and policies, and Short and/or Long Range Transit Plans Notes Implements existing regional, subregional, and local plans and policies and Short or Long Range Transit Plans Consistent is defined as: a project listed within a plan 2 Provides improved access to activity centers or schools Notes Improves access to activity centers or schools through an expanded transit system Directly serves is defined as: a transit project that leads straight to or alongside an activity center or school. Indirectly serves is defined as: a transit project that does not lead straight to or go alongside an activity center or school but is within 0.5 miles of an activity center or school. Activity Center defined as: A medical center or civic center, school, office, park, employment or commercial area. School defined as: Public or private elementary, middle or high school, community college, trade college, or university. 3 Project will maintain established productivity standards Notes The project can be supported and operated overtime N/A for projects that do not have farebox revenue or do not have a farebox recovery goal. N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 4 Project provides for or promotes intermodal connectivity Notes The project enhances the regional transportation system Intermodal connectivity is defined as: bus to train, bus to airport, bus to a Park & Ride, bus to a Vanpool or Carpool, or bus to a Bike Facility. 5 Links High -Frequency Transit Services Notes Does the route connect to other high frequency (timed transfer service or at least 15 minute service) transit routes? Al 4 6 GHG Emissions Notes What is the change in regional CO2 emissions from implementing the project? Note: These scores will be ranked relative to the highest performing project. The calculation is based on the California Air Resources Board (CARB) EMFAC emissions model. 7 Project serves a transit dependent population and/or community or Indian Reservation Notes Project provides access to essential services for the transit dependent population Transit Dependent is defined as:individuals, or groups of individuals that do not have a choice in their selection of transportation modes, and are primarily dependent on the availability of public transportation. Ai 8 Project enhances interagency transit service coordination Notes Enhances regional transportation system connectivity and ability to consolidate regional trips Examples include: vanpool, rideshare programs as well as coordination between transit operators. 9 Project reduces reliance on private automobiles Notes Enhances air quality and reduces peak automobile travel Activity Center defined as: A medical center or civic center, school, office, park, employment or commercial area. School defined as: Public or private elementary, middle or high school, community college, trade college, or university. 10 Project Includes Carpool/Vanpool and Regional or Corridor transit Notes Addresses continued system continuity 11 11 Project reduces vehicle congestion Notes Reduces commuter or special event trips 12 Supports SCS growth principles Notes Project furthers implementation of the SCS 13 Estimated Project Timing Notes More imminent projects are higher priority than those that are not ready to be implemented December 2019 Appendix B RNERSEDE COUNT! TRANSPORTATION COMMISSION g LRTS Transit Projects Evaluation Criteria Evaluation includes projects from the SCAG RTP/SCS and the most recent Riverside County Short Range Transit Plans. State of good repair projects, and projects with a cost under $100,000 have been excluded from the evaluation process. 1 Is consistent with current regional, subregional, and local plans and policies, and Short and/or Long Range Transit Plans Notes Implements existing regional, subregional, and local plans and policies and Short or Long Range Transit Plans Consistent is defined as: a project listed within a plan 2 Provides improved access to activity centers or schools Notes Improves access to activity centers or schools through an expanded transit system Directly serves is defined as: a transit project that leads straight to or alongside an activity center or school. Indirectly serves is defined as: a transit project that does not lead straight to or go alongside an activity center or school but is within 0.5 miles of an activity center or school. Activity Center defined as: A medical center or civic center, school, office, park, employment or commercial area. School defined as: Public or private elementary, middle or high school, community college, trade college, or university. 3 Project will maintain established productivity standards Notes The project can be supported and operated over time N/A for projects that do not have farebox revenue or do not have a farebox recovery goal. 4 Project provides for or promotes intermodal connectivity Notes Intermodal connectivity is defined as: bus to train, bus to airport, bus to a Park & Ride, bus to a Vanpool or Carpool, or bus to a Bike Facility. The project enhances the regional transportation system 5 Links High -Frequency Transit Services Notes Does the route connect to other high frequency (timed transfer service or at least 15 minute service) transit routes? 7 What is the change in regional CO2 emissions from implementing the Note: These scores will be ranked relative to the highest performing project. project? The calculation is based on the California Air Resources Board (CARB) EMFAC emissions model. Project serves a transit dependent population and/or community or Indian Reservation Notes Project provides access to essential services for the transit dependent population Transit Dependent is defined as: individuals, or groups of individuals that do not have a choice in their selection of transportation modes, and are primarily dependent on the availability of public transportation. 8 Project enhances interagency transit service coordination Notes Enhances regional transportation system connectivity and ability to consolidate regional trips Examples include: vanpool, rideshare programs as well as coordination between transit operators. 9 Project reduces reliance on private automobiles Notes Enhances air quality and reduces peak automobile travel Activity Center defined as: A medical center or civic center, school, office, park, employment or commercial area. School defined as: Public or private elementary, middle or high school, community college, trade college, or university. 48. Expansion Bus Purchases 49. Associated Transit Enhancements 50. GFI Fareboxes, Smartcards, Security Systems 51. Bus Rapid Transit 52.'Land Acquisition / Renewable Energy Facility 53. 'Indio Public Fueling Facility LONG RANGE -TRANSPORTATION STUDY 54. Hydrogen Public Fueling Facility 55.'Thousand Palms Maintenance Facility 56. ITS Transit and Paratransit Real Time Passenger Information N/A N/A N/A N/A N/A N/A N/A N/A 10 Project Includes Carpool/Vanpool and Regional or Corridor transit Addresses continued system continuity Notes 11 Project reduces vehicle congestion Notes Reduces commuter or special event trips 12 Supports SCS growth principles Project furthers implementation of the SCS Notes 13 Estimated Project Timing Notes More imminent projects are higher priority than those that are not ready to be implemented December 2019 Appendix B Appendix C SCAG 2020 RTP/SCS Submitted Projects Contents ■ SCAG 2020 RTP/SCS Submitted Projects NOTE: While lists of projects referenced in Appendix A and B are intended to reflect major projects, a third list of projects is included in this Appendix and includes all projects submitted by Riverside County agencies for inclusion in the Draft Connect SoCal (Draft SCAG 2020 RTP/SCS). RIVERSIDE COUNTY TRANSPORTATION COMMISSION Ef4tg LONG RANGE TRANSPORTATION STUDY SLAG 2020 RTP/SCS Submitted Projects December 2019 Appendix C RORTA IIO COMMISSION TRANSPORTATION COMM15S30N L'ii'-''S 11111111111111111111!LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From Description 4. Completion Year Project Cost ($1,000's) BANNING 22ND ST I-10 LINCOLN ST GRADE SEPARATION - 2 LANES OVER UPRR TRACKS 2030 52,668 BANNING HARGRAVE ST I-10 LINCOLN ST GRADE SEPARATION - 2 LANES OVER UPRR 2028 54,961 BANNING I-10/Highland Springs 275' N/O the W/B off/on ramps 250' S/O the E/B off/on ramps I-10/HIGHLAND SPRINGS IC IMPROVEMENTS - WIDEN FROM 5 TO 7 THRU LANES FROM 275 FT N/O THE W/B OFF/ON RAMPS TO 250 FT S/O THE E/B OFF/ON RAMPS, WIDEN EXISTING 2 LN W/B OFF RAMP TO 4 LNS & 2 LN E/B OFF RAMPS TO 4 LNS, ENTRY RAMPS TO INCLUDE HOV PREFERENCIAL LANE AND EXTENDED ACCELERATION/DECELERATION LANE. 2029 85,000 BANNING SAN GORGONIO AVE 1-10 LINCOLN ST GRADE SEPARATION -2 LANES OVER UPRR TRACKS 2030 68,541 BANNING Sunlakes Blvd Highland Home Rd Sunset Ave SUN LAKES BLVD EASTERLY EXTENSION (APPROX1.1 MILES) FROM HIGHLAND HOME RD TO LINCOLN STAND SUNSET AVE, WIDEN TO LANES (2 LANES EACH DIRECTION), RAISED MEDIAN, AND CONSTRUCTION OF TWO BRIDGES. 2027 21,000 BEAUMONT CALIFORNIA AVE 3RD ST I-10 GRADE SEPARATION -2 LANES OVER UPRR TRACKS 2028 45,646 BEAUMONT 1-10 (PM 7.07 to 8.07) at SR-79/ Beaumont Ave btwn 6th St and 1st St Reconstruct/widen SR-79BeaumontAve IC from 4 to 6lanes and reconstruct/widen ramps 2027 28,130 BEAUMONT 1-10 (PM 7.71 to 8.71) at Pennsylvania Ave btwn 6th St and 3rd St Reconstruct Pennsylvania Ave IC and reconstruct/widen ramps 2030 29,435 BEAUMONT 1-10 (PM 8.81 to 9.81) at Highland Springs Ave btwn 5th St and south ramps Reconstruct/widen Highland Springs Ave IC from 4 to 6 lanes and reconstruct/widen ramps 2035 65,458 BEAUMONT Pennsylvania Ave / UPRR GS 1st Street 6th Street GRADE SEPERATION UNDER CROSSING AT PENNSYLVANIAAVE AND UPRR, INCLUDING WIDENING OF PENNSYLVANIAAVE FROM 1ST ST TO 6TH ST FROM 2 TO LANES TO INCLUDE SIDEWALK IMPROVEMENTS AND TRAFFIC SIGNALIZATION. 2022 36,000 BEAUMONT Potrero Blvd. Extension California Michigan Ave. Construct new 4 lane arterial highway extension and overpass facility atSR79 2020 36,000 BLYTHE 14thAve River Valley Rd 7thSt Widen Existing Bridge at D-Canal from 2 to 4 Lanes 2027 2,461 BLYTHE 7th St Hobsonway Rice St Widen from 2 to 4 Lanes 2025 975 BLYTHE Barnard St Date St Intake Blvd Construct/Extend 2 Lane Arterial 2025 2,175 BLYTHE Hobsonway Arrowhead Blvd Carlton Ave Widen from 2 to 4 Lanes 2023 3,751 BLYTHE Hobsonway Olive Lake Blvd Intake Blvd Widen Existing Bridge at C-Canal from 2 to 4 Lanes 2032 3,599 BLYTHE N. Lovekin Blvd 10th Ave 8th Ave Widen Existing Bridge at C-Canal from 2 to 4 Lanes 2023 2,441 BLYTHE N. Lovekin Blvd Hobsonway 10th Ave Widen from 2 to 4 Lanes 2022 5,070 BLYTHE Riviera Dr 18th Ave 20th Ave Construct 2 Lane Overcrossing at the Lower Outfall Drain 2030 3,001 CALIMESA Calimesa Boulevard CherryValley Blvd. 1200 feet N/O CherryValley Blvd IN RIVERSIDE COUNTY IN THE CITY OF CALIMESA- WIDEN CALIMESA BLVD FROM 2 TO 4 LANES AND REALIGN CALIMESA BLVD AT CHERRYVALLY BLVD 2022 2600 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To Description Completion Year Project Cost ($1,000's) CALIMESA Calimesa Boulevard 1200 N/O Cherry Valley Blvd 600 feet S/O Singleton Road CALIMESA- WIDEN CAL IMESABLVD FROM TO2 TO LANES BETWEEN 1200 FEET N/O CHERRY VALLEY BLVD TO 600 FEET S/O SINGLETON ROAD 2024 900 CALIMESA Calimesa Boulevard 600 feet S/O Singleton Road 600 feet N/O Singleton Road IN RIVERSIDE COUNTY IN THE CITY OF CALIMESA- WIDEN CALIMESA BOULEVARD FROM 2 TO LANES AND REALIGN CALIMESA BLVD AT SINGLETON ROAD 2026 5100 CALIMESA Calimesa Boulevard 600 feet N/O Singleton Road Sandalwood Drive IN RIVERSIDE COUNTY IN THE CITY OF CALIMESA- WIDEN CALIMESA BLVD FROM TO 2 TO 4 LANES BETWEEN 600 FEET N/O SINGLETON ROAD AND SANDALWOOD DRIVE 2028 5200 CALIMESA County Line Road Park Avenue Bryant Street (JOINT PROJECT WITH THE CITY OF YUCAIPA) - ON COUNTY LINE ROAD BETWEEN PARK AVENUE AND BRYANT STREET, CONSTRUCT FOUR (4) SINGLE -LANE AND ONE (1) MULTI- LANE AND IMPROVEMENTS TO STREET, PEDESTRIAN FACILITIES, AND BICYCLE FACILITIES 2021 10050 CALIMESA Desert Lawn Drive Cherry Valley Blvd Champions Drive IN RIVERSIDE COUNTY IN THE CITY OF CALIMESA- WIDEN DESERT LAWN DRIVE FROM TO 2 TO 4 LANES BETWEEN CHERRY VALLEY BLVD AND CHAMPIONS DRIVE 2034 6000 CALIMESA 1-10 (PM RO-86- 4 to RO-86-4) 7th Place Calimesa Blvd. CALIMESA- RECONSTRUCTION OF EXISTING INTERCHANGE AT I-10/COUNTY LINE WITH TWO90 FT RADIUS ON/OFF RAMPS ROUNDABOUTS, EXTENDING 1300 LINEAR FEET FROM COUNTY LINE LANE TO APPROX. 300 FT. W/O CALIMESA BLVD. THE PROJECT WILL INCLUDE RAMP REALIGNMENT FOR ALL FOUR RAMPS WITH MINOR RAMP 2030 15,000 CALIMESA Roberts Road CherryValley Blvd Old Roberts Road Intersection IN RIVERSIDE COUNTY IN THE CITY OF CALIMESA- WIDEN FROM 2 LANE TO LANE MAJOR ARTERIAL ROADWAY ON ROBERTS ROAD BETWEEN CHERRYVALLEY BLVD AND OLD ROBERTS ROAD INTERSECTION 2024 6000 CALIMESA Roberts Road Old Roberts Road Intersection 500 Feet N/O Singleton Road CALIMESA- WIDEN FROM 2 LANE TO LANE MAJOR ARTERIAL ROADWAY ON ROBERTS ROAD BETWEEN OLD ROBERTS ROAD INTERSECTION AND 500 FEET N/O SINGLETON ROAD 2026 4550 CALIMESA Roberts Road 500 Feet N/O Singleton Road Sandalwood Drive IN RIVERSIDE COUNTY IN THE CITY OF CALIMESA- CONSTRUCT NEW 4 LANE MAJOR ARTERIAL ROADWAY FOR ROBERTS ROAD BETWEEN 500 FEET N/O SINGLETON ROAD AND SANDALWOOD DRIVE . AN ALIGNMENT STUDY WILL BE PREPARED FOR THIS SEGMENT OF THE ROADWAY. 2028 14500 CALIMESA Roberts Road Sandalwood Drive 450 Feet N/O Sandalwood Drive IN RIVERSIDE COUNTY IN THE CITY OF CALIMESA- WIDEN FROM 2 LANE TO LANE MAJOR ARTERIAL ROADWAY ON ROBERTS ROAD BETWEEN SANDALWOOD DRIVE AND 450 FEET N/O SANDALWOOD DRIVE 2030 300 CALIMESA Roberts Road 450 Feet N/O Sandalwood Drive County Line Road IN RIVERSIDE COUNTY IN THE CITY OF CALIMESA- CONSTRUCT NEW 4 LANE MAJOR ARTERIAL ROADWAY FOR ROBERTS ROAD BETWEEN 450 FEET N/O SANDALWOOD DRIVE AND COUNTY LINE ROAD. AN ALIGNMENT STUDY WILL BE PREPARED FOR THIS SEGMENT OF THE ROADWAY. 2032 5000 December 2019 Appendix C " RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To c j Description Completion Year Project Cost ($1,000's) CALIMESA Sandalwood Drive Shady Brook Road Calimesa Blvd. CALIMESA- RECONSTRUCTION OF EXISTING INTERCHANGE AT 1-10 AT SANDALWOOD DRIVE. IMPROVE EXISTING OVERCROSSING FROM SHADY BROOK ROAD TO CALIMESA BLVD. AND RAMP REALIGNMENT FOR ALL FOUR RAMPS WITH 2O30 42000 CALIMESA Singleton Road 1-10 Singleton Canyon Road CALIMESA- yPAVEMENT REHABILITATION OF SINGLETON ROAD FROM I-10 TO SINGLETON CANYON ROAD 2025 1400 San Tim oteo CALIMESA- CONSTRUCT NEW 4 LANE ARTERIAL HIGHWAY ROADWAY AND SECONDARY ROADWAY FOR SINGLETON ROAD FROM ROBERTS ROAD TO SAN TIMOTEO CANYON ROAD. PROJECT WILL INCLUDE AN ALIGNMENT STUDY DURING DESIGN PHASE. IN ADDITION, ABRIDGE IS REQUIRED OVER THE CALIMESA Singleton Road Canyon Road Roberts Road SAN TIMOTEO WASH. 2020 26000 CALTRANS r 17.3 19.3 MORONGO PKWY OC (4 THROUGH LANES) AND RAMPS BETWEEN SEMINOLE DR AND MAIN ST. ADDITIONAL IMPROVEMENTS TO EXISTING APACHE TRAIL IC (R17.657) AND MAIN ST IC (R19.398) INCLUDE THE ADDITION OF EB/WB AUX LANES (APACHE TR IC TO MORONGO PKWY IC, THEN TO MAIN ST IC) AND WIDENING OF SEMINOLE DR 2 TO 4 THROUGH LANES (EA 0A650, 2040 49,500 r MORONGO PKWY OC (4 THROUGH LANES) AND RAMPS BETWEEN SEMINOLE DR AND MAIN ST. ADDITIONAL IMPROVEMENTS TO EXISTING APACHE TRAIL IC (R17.657) AND MAIN ST IC (R19.398) INCLUDE THE ADDITION OF EB/WB AUX LANES (APACHE TR IC TO MORONGO PKWY IC, THEN TO MAIN ST IC) AND WIDENING OF SEMINOLE DR 2 TO THROUGH LANES (EA CALTRANS 17.3 19.3 0A650, 2040 49,500 CALTRANS r 17.3 19.3 MORONGO PKWYOC (4 THROUGH LANES) AND RAMPS BETWEEN SEMINOLE DR AND MAIN ST. ADDITIONAL IMPROVEMENTS TO EXISTING APACHE TRAIL IC (R17.657) AND MAIN ST IC (R19.398) INCLUDE THE ADDITION OF EB/WB AUX LANES (APACHE TR IC TO MORONGO PKWY IC, THEN TO MAIN ST IC) AND WIDENING OF SEMINOLE DR 2 TO 4 THROUGH LANES (EA 0A650, 2040 49,500 CALTRANS r 17.3 19.3 MORONGO PKWYOC (4 THROUGH LANES) AND RAMPS BETWEEN SEMINOLE DR AND MAIN ST. ADDITIONAL IMPROVEMENTS TO EXISTING APACHE TRAIL IC (R17.657) AND MAIN ST IC (R19.398) INCLUDE THE ADDITION OF EB/WB AUX LANES (APACHE TR IC TO MORONGO PKWY IC, THEN TO MAIN ST IC) AND WIDENING OF SEMINOLE DR 2 TO THROUGH LANES (EA 0A650, 2040 49,500 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From Description Completion Year 2030 Project Cost ($1,000's) 5,492 CALTRANS 1-15 at Bellegrave Ave btwn Hamner Ave &amp; Wineville Rd Add signals and ramps. 0.1 mi. CALTRANS 1-15 TEMECULA PKWY RANCHO CALIFORNIA RD CONSTRUCT NB AUXILIARY LANE FROM 0.4 MI N/O TEMECULA PKWY ON -RAMP TO RANCHO CALIFORNIA RD OFF -RAMP 2025 6298 CALTRANS 1-15 RANCHO CALIFORNIA RD WINCHESTER RD CONSTRUCT NB AUXILIARY LANE FROM RANCHO CALIFORNIA RD ON -RAMP TO0.2 MI S/O WINCHESTER RD OFF -RAMP 2025 7511 CALTRANS 1-15 WICHESTER RD RANCHO CALIFORNIA RD CONSTRUCT SB AUXILIARY LANE FROM WINCHESTER RD ON -RAMP TO RANCHO CALIFORNIA RD OFF -RAMP 2025 10020 CALTRANS 1-15 RANCHO CALIFORNIA RD TEMECULA PKWY CONSTRUCT SB AUXILIARY LANE FROM RANCHO CALIFORNIA RD ON -RAMP TO TEMECULA PKWY OFF -RAMP 2025 9231 CONSTRUCT NB & SB AUXILIARY LANES FROM CALTRANS 1-15 TEMESCAL CANYON RD CAJALCO RD 0.25 MI N/O TEMESCAL CANYON RD IC TO 0.17 MI N/O CAJALCO RD IC 2027 26609 CATHEDERAL CITY DAVALL DR. RAMON ROAD MCCALLUM BLVC WIDEN 2 TO 4 LANES 2028 1500 CATHEDRAL CITY CATHEDRAL CYN DR Terrace Rd E Palm Cyn Widen from 2 to 4 lanes 2022 3,452 CATHEDRAL CITY DAVALL RD Ave 30 Valley Center Blvd Construct new 6-lane Road, including bridge over the Railroad new Da Vall Interchange. EB/WB Aux Lanes 2028 52,600 CATHEDRAL CITY DAVALL RD Valley Center Blvd Varner Rd Construct new 6-lane Road, including bridge at Long Canyon 2028 25,400 CATHEDRAL CITY DAVALL RD (west side of Da Vali Rd) McCallum Way Ave 30 Widen from 2 to 3 lanes on the west side of Da Vall Rd within Cathedral City boundary. 2026 4,156 CATHEDRAL CITY DAVALL RD (West Side of Da Vali RDd) Dinah Shore Ramon Rd Widen from 2 to 4 lanes 2025 8,028 CATHEDRAL CITY DATE PALM DR Dinah Shore Dr Ramon Rd Widen from 4 to 6 lanes 2026 5,246 CATHEDRAL CITY DATE PALM DR East Palm Cyn Perez Road Widen from 4 to 6 lanes, including bridge at N. Catheral Channel 2022 13,015 CATHEDRAL CITY DATE PALM DR Gerald Ford Dr Dinah Shore Dr Widen from 4 to 6 lanes 2028 5,008 CATHEDRAL CITY DAVALL DR. RAMOND ROAD MCCALLUM BLVC WIDEN 2 TO 4 LANES 2028 1500 CATHEDRAL CITY E. Palm Canyon Cathedral Canyon Drive Date Palm Dr Widen from 4 to 6 Lanes 2027 2,562 CATHEDRAL CITY E. Palm Canyon Date Palm Dr East Cathedral City Limits Widen from 4 to 6 Lanes 2030 2,831 CATHEDRAL CITY E. Palm Canyon West Cathedral City Limits Cathedral Canyon Drive Widen from 4 to 6 Lanes 2025 11,525 CATHEDRAL CITY 1-10 at Landau btwn Vista Chino & Varner Rd Construct new 6-lane mixed flow, partial cloverleaf IC with auxiliary lanes and 4 two lane ramps plus 6 lane grade separation bridge over UPRR between Palm Dr IC and Date Palm Drive IC 2035 117,779 CATHEDRAL CITY Landau I-10 Valley Center Blvd Construct new 6-lane Road 2035 15,292 CATHEDRAL CITY Landau Valley Center Blvd Varner Rd Construct new 4-lane Road 2035 22,939 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To c j Description Completion Year Project Cost ($1,000's) CATHEDRAL CITY Landau Vista Chino UPRR Construct new 6-lane road 2035 28,293 CATHEDRAL CITY MOUNTAIN VIEW 20th Ave Varner Rd Widen from 2 to 6 lanes 2024 9,026 CATHEDRAL CITY VALLEY CENTER BLVD DATE PALM DR DAVALL DR (FUTURE EXTENSION) IN THE CITY OF CATHEDRAL CITY, CONSTRUCT VALLEY CENTER BLVD NORTH OF 1-10 AND SOUTH OF VARNER RD AS A4 LANE ARTERIAL FROM DATE PALM DR TO FUTURE DAVALL RD EXTENSION 2025 53,059 CATHEDRAL CITY VALLEY CENTER BLVD PALM DR DATE PALM DR IN THE CITY OF CATHEDRAL CITY, CONSTRUCT VALLEY CENTER BLVD NORTH OF 1-10 AND SOUTH OF VARNER RD AS A4 LANES ARTERIAL FROM PALM DR TO DATE PALM DR 2024 57,063 CATHEDRAL CITY VARNER RD Date Palm Dr Ramon Rd Widen from 2 to 4 lanes 2026 54,004 CATHEDRAL CITY VARNER RD Palm Dr Mountain View Rd Widen from 2 to 4 lanes 2025 21,135 CATHEDRAL CITY VARNER ROAD MOUNTAIN VIEW RD DATE PALM DR WIDEN 2 TO 6 LANES 2026 4500 CATHEDRAL CITY VISTA CHINO Date Palm Da Vail Dr Construct new 6-lane Road 2024 23,636 CITY OF RIVERSIDE Capitalized Preventative Maintenance City of Riverside City of Riverside Capitalized Preventative Maintenance 2026 400 CITY OF RIVERSIDE Replacement Buses City of Riverside City of Riverside Replacement CNG buses for paratrans it services. 2026 567 COACHELLA AVE 48 Grade Separation at Hwy 111/SPRR Widen from 4 to 6 lanes 2030 11,343 COACHELLA AVE 48 Van Buren St W of Hwy86 Widen from 2 to 6 lanes 2022 5,013 COACHELLA AVE 50 Bridge. at All Amer.Canal Construct 6-lane Bridge 2025 3,603 COACHELLA AVE 50 Hwy 111 to SR- 86S SR-86S Widen from 2 to 6 lanes 2025 102,558 COACHELLA AVE 50 Jackson St Van Buren St Widen from 2 to 4 lanes 2023 13,658 COACHELLA AVE 50 SR-86 to 1-10 1-10 Widen from 2 to 6 lanes 2025 24,830 COACHELLA AVE 50 Van Buren St Harrison St Widen from 2 to 6 lanes 2020 7,174 COACHELLA AVE 52 Calhoun St Fredrick St Widen from 2 to 6 lanes 2023 11,006 COACHELLA AVE 52 Fredrick St Harrison St Widen from 2 to 6 lanes 2023 2,973 COACHELLA AVE 52 Harrison St Hwy 111 Widen from 2 to 6 lanes 2024 1,830 COACHELLA AVE 52 Hwy 111 SR-86S Widen from 2 to 6 lanes 2035 130,503 COACHELLA AVE 52 Intersection of Ave 52 and Hwy 111 Widen from 2 to 6 lanes 2022 174 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From TO c j Description Completion Year Project Cost ($1,000's) COACHELLA AVE 52 Intersection of Ave 52 and SR- 86 Al American Canal Widen from 2 to 6 lanes 2020 5,000 COACHELLA AVE 52 Jackson St Calhoun St Widen from 2 to 6 lanes 2024 5,105 COACHELLA AVE 54 Harrison St Tyler St Widen from 2 to 4 lanes 2024 12,011 COACHELLA AVE 54 Hwy111 Fillmore Construct 4-lane Bridge 2025 47,984 COACHELLA AVE 54 Tyler St Hwy 111 Widen from 2 to 4 lanes 2022 7,925 COACHELLA AVE 54 Van Buren St Harrison St Widen from 2 to 4 lanes 2026 11,315 COACHELLA AVE 56 / AIRPORT BLVD (NORTH SIDE) 0.25 m i. W of Van Buren St Harrison St Widen from 2 to 4 lanes 2023 14,201 COACHELLA AVE 58 Van Buren St Harrison St (SR- 86) Widen from 2 to 4 lanes 2023 6,630 COACHELLA DILLON RD Ave 44 1-10 Widen from 2 to 4 lanes 2023 11,474 COACHELLA DILLON RD 1-10 Whitewater Br. Widen from 4 to 6 lanes 2026 4,669 COACHELLA GRAPEFRUIT BLVD Ave 48/Dillon Rd Ave 50 Widen from 2 to 6 lanes 2022 12,908 COACHELLA GRAPEFRUIT BLVD Ave 50 Ave 52 Widen from 2 to 6 lanes 2023 8,971 COACHELLA GRAPEFRUIT BLVD Ave 52 Ave 54 Widen from 2 to 6 lanes 2020 7,074 COACHELLA GRAPEFRUIT BLVD Ave 54 Ave 56 Widen from 2 to 6 lanes 2023 6,646 COACHELLA HARRISON ST Ave 54 Ave 56 Widen from 2 to 4 lanes 2024 8,849 COACHELLA 1-10 (PM 58.39 to 59.39) at Dillon Rd Btwn Vista Del Norte and Vista Del Sur Reconstruct/widen IC ramps 2028 26,000 COACHELLA 1-10/Dillon Rd 800's/o Vista Del Sur 600' n/o Vista Del Norte IN THE CITY OF COACHELLA AT I-10 DILLON RD BETWEEN 800 FT SOUTH OF VISTA DEL SUR TO 600 NORTH OF VISTA DEL NORTE - RECONSTRUCT IC ADD ACCELERATION LANE ON W/B - WIDEN FROM 4-6 LANES, INCLUDES TRAFFIC SIGNAL MODIFICATIONS, TURNING LANES. (EAOK950K) 2027 25,500 COACHELLA 1-10/Dillon Rd 800's/o Vista Del Sur 600' n/o Vista Del Norte IN THE CITY OF COACHELLA AT I-10 DILLON RD BETWEEN 800 FT SOUTH OF VISTA DEL SUR TO 600 NORTH OF VISTA DEL NORTE - RECONSTRUCT IC ADD ACCELERATION LANE ON W/B - WIDEN FROM 4-6 LANES, INCLUDES TRAFFIC SIGNAL MODIFICATIONS, TURNING LANES. (EAOK950K) 2027 25,500 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To c j Description Completion Project Cost Year ($1,000's) Coachella SR 86/Dillon Rd Stormwater Channel Bridge Harrison PI THE CITY OF COACHELLA.. AT SR-86/DILLON RD BETWEEN COACHELLAVALLEYSTORMWATER CHANNEL BRIDGE TO HARRISON PL. RECONSTRUCT IC ADD ACCELERATION LANES - WIDEN FROM 4-6 LANES, INCLUDES TRAFFIC MODIFICATIONS, TURNING LANES. (EAOK960K) 2027 26,500 Coachella SR 86/Dillon Rd Stormwater Channel Bridge Harrison PI THE CITY OF COACHELLA: AT SR-86/DILLON RD BETWEEN COACHELLA VALLEY STORMWATER CHANNEL BRIDGE TO HARRISON PL. RECONSTRUCT IC ADD ACCELERATION LANES - WIDEN FROM 4-6 LANES, INCLUDES TRAFFIC MODIFICATIONS, TURNING LANES. (EAOK960K) 2027 26,500 COACHELLA SR-86S (PM 17.81 to 18.81) at Ave 54 btwn SR-111 Ramp; Fillmore Construct lane bridgeAnterchange and ramps across SR-86S 2035 92,843 COACHELLA SR86S (PM 21.02 to 22.9) at Dillon Rd Btwn west of Coachella Storm Water Channel and Avenue 47 Reconstruct/widen IC from 2 to 4 lanes and reconstruct/widen ramps 2027 26,851 COACHELLA VAN BUREN ST Ave 48 Ave 50 Widen from 2 to 6 lanes 2023 13,762 COACHELLA VAN BUREN ST Ave 50 Ave 52 Widen from 2 to 6 lanes 2023 13,762 COACHELLA VAN BUREN ST Ave 52 Ave 54 Widen from 2 to 4 lanes 2023 613 COACHELLA VAN BUREN ST Ave 54 Ave 56/Airport Blvd Widen from 2 to 4 lanes 2023 617 CORONA Expansion Buses City of Corona City of Corona Purchase of buses for expansion and service improvements of the Corona Cruiser fixed route system. These improvements are necessaryas population and development continues to grow througout the service area. Buses will be used for expansion of service and service improvements to current routes. Service improvements will include improved frequency and extensions of the current routes. 2026 3500 IN THE CITY OF CORONA ON EXSTING CORONA FULLERTON AVE MAGNOLIAAVE BEVERLYRD FULLERTON AVE. - WIDEN AND REALIGN EXISTING 2 TO LANES BYADDING 1 NORTHWEST AND SOUTHEAST THRU LANE. CONSTRUCT SIDEWALK W/ADARAMPS ALONG FULLERTON AVE 2045 CORONA Magnolia Ave Ontario Ave Kellogg Ave. Intersection upgrades on Magnolia Ave. between Ontario Ave. and Kellogg Ave.to accommodate restriping from 4 to 6 lanes. 2035 277 CORONA Magnolia Ave El Camino Ave 1,000"E/OAll American Way IN WESTERN RIVERSIDE COUNTY FOR THE CITY OF CORONA- MAGNOLIAAVE BRIDGE WIDENING FROM TO LANES FROM EL CAMINO AVE TO 1000 FT E/O ALL AMERICAN WY, INCLUDING THE WIDENING OVER THE TEMESCAL CHANNEL; PROJECT TO INCLUDE CONSTRUCTION OF MISSING SIDEWALK, BIKE LANES, ADA COMPLIANT RAMPS, AND DECORATIVE LANDSCAPING. 2022 3,200 CORONA Main St South Grand Blvd. Ontario Ave. Widen from 2 to 4 lanes. 2035 4,575 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION L'ii'-''S LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To c j Description Completion Year Project Cost ($1,000's) CORONA Ontario Ave 330' w/o Compton Ave State St IN THE CITY OF CORONA ON EXISTING ONTARIO AVE — WIDEN AND REALIGN EXISTING 5 TO 7 LANES BY ADDING 1 WB THRU LANE AND 1 EB THRU LANE, CONSTRUCT TIE BACK WALL AND 815' SIDEWALK W/ADARAMPS ON THE SOUTH SIDE OF ONTARIO AVE BETWEEN COMPTON AVE AND E/O STATE ST. 2021 6,078 CORONA ONTARIO AVE LINCOLN AVE 125 W/O CONEJO ST IN THE CITY OF CORONA ON EXISTING ONTARIO AVENUE-- WIDEN AND REALIGN EXISTING 4 TO 6 LANES BYADDING 1 EB THRU LANE, CONSTRUCT 900' SIDEWALK W/ADA RAMP ON THE SOUTHEAST SIDE OF ONTARIO AVE AND LINCOLN AVE. 2028 CORONA Radio Rd Sampson Ave Walker Ln Grade Separation - 2 Lanes over BNSF RR Tracks 2040 25,000 CORONA Railroad St Violet St Grand Blvd Widen from 2 to 4 lanes 2035 9,416 CORONA RIMPAU AVE MAGNOLIAAVE OLYMPIC DR IN THE CITY OF CORONA ON EXISTING RIMPAU AVE. - WIDEN AND REALIGN EXISTING 4 TO 5 LANES BY ADDING 1 NB THRU LANE. CONSTRUCT SIDEWALK W/ADARAMPS ALONG RIMPAU AVE AND SIGNAL MODIFICATION IN CALIFORNIAAVE. 2033 CORONA RIMPAU AVE FRANCIS ST MAGNOLIA AVE IN THE CITY OF CORONA ON EXSTING RIMPAU AVE. - WIDEN AND REALIGN EXISTING 2 TO 4 LANES BYADDING 1 SB AND NB THRU LANE. CONSTRUCT SIDEWALK W/ADARAMPS ALONG RIMPAU AVE. 2038 Transit Service Expansion of fixed route service as population and development continues to grow throughout the service area. Expansion of service will be dependent upon the outcome and recommendations from the Comprehensive CORONA Expansion City of Corona City of Corona Operations Analysis. 2026 1500 CORONA Transit Service Improvements City of Corona City of Corona Service improvements to current routes which includes but not limited to improving frequency, schedule adherence, extension of existing routes (include adding/deleting stops with more frequent stops to the Metrolink Station). These improvements will be dependent upon the outcome and recommendations from the Comprehensive Operations Analysis. 2023 1500 CORONA Transit Service Improvements City of Corona City of Corona Expansion and/or services improvements of Corona transit fixed route service as population and development continues to grow throughout the service area. Improvements include but not limited to improving frequency, schedule adherence and extension of existing routes (include adding/deleting stops with more frequent stops to the Metrolink Station) and expansion of service to include additional route(s). These improvements to the transit service will be dependent upon the outcome and recommendations from the Comprehensive Operations Analysis. 2026 3000 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To c j Description Completion Year Project Cost ($1,000's) DESERT HOT SPRINGS HACIENDAAVE Cholla Dr Palm Dr Widen from 2 to 4 lanes (2 lanes in each direction) from Cholla Dr. to Palm Dr. 2025 3,629 DESERT HOT SPRINGS HACIENDAAVE Little Morongo Rd Cholla Dr(missinglink) Construct new four 12-ft lanes with 14-ft medians between Little Morongo Rd and Cholla Dr. 2025 8,447 DESERT HOT SPRINGS HACIENDAAVE Mountain View Rd Dillon Rd(LongCynRd) Widen from 2 to 4 lanes 2025 12,356 DESERT HOT SPRINGS HACIENDAAVE Palm Dr Mountain View Rd Widen from 2 to 4 lanes 2025 6,901 DESERT HOT SPRINGS INDIAN AVE MISSION LAKES BLVD PIERSON BLVD IN THE COACHELLAVALLEYIN THE CITY OF DESERT HOT SPRINGS - INDIAN AVE. WIDENING: WIDENING OF INDIAN AVE. FROM TO 6 THROUGH LANES (3 IN EA DIR) BETWEEN MISSION LAKES BLVD., AND PIERSON BLVD. 2022 27,783 DESERT HOT SPRINGS LITTLE MORONGO RD Mission Lakes Blvd Pierson Blvd Widen from 2 to 4 lanes 2025 4,600 DESERT HOT SPRINGS LITTLE MORONGO RD Pierson Blvd Two Bunch Palms Tr Widen from 2 to 4 lanes 2025 13,331 DESERT HOT SPRINGS LITTLE MORONGO RD Two Bunch Palms Tr Dillon Rd Widen from 2 to 4 lanes 2025 16,632 DESERT HOT SPRINGS MISSION LAKES BLVD Indian Ave Little Morongo Rd Widen from 2 to 4 lanes 2025 13,331 DESERT HOT SPRINGS MISSION LAKES BLVD Little Morongo Rd Palm Dr Widen from 2 to 4 lanes 2025 6,901 DESERT HOT SPRINGS MISSION LAKES BLVD Palm Dr Eastern Terminus at Verbena Dr Widen from 2 to 4 lanes 2025 2,300 DESERT HOT SPRINGS Mission Lakes Blvd SR62 Indian Ave. Widen from 2 to 4 lanes 2022 9,486 DESERT HOT SPRINGS MOUNTAIN VIEW Hacienda Ave Dillon Rd Widen from 2 to 4 lanes 2025 9,201 DESERT HOT SPRINGS Mountain View Rd. Pierson Blvd. at East Terminus of Desert View Ave. Hacienda Ave. Widen from 2 to 4 lanes 2022 1,064 DESERT HOT SPRINGS Palm Dr. Dillon Rd. Two Bunch Palms Tr. Widen from 4 to 6 lanes. Other improvements include shoulders and medians 2023 7,153 DESERT HOT SPRINGS Palm Dr. Pierson Blvd. Mission Lake Blvd. Widen from 4 to 6 lanes. Other improvements include shoulders and medians 2023 5,298 DESERT HOT SPRINGS PIERSON BLVD Indian Ave Little Morongo Rd Widen from 2 to 4 lanes 2025 9,904 DESERT HOT SPRINGS PIERSON BLVD SR-62 Indian Ave Widen from 2 to 4 lanes 2025 14,947 DESERT HOT SPRINGS Pierson Blvd. Ambrosio Dr Miracle Hill Rd. Widen from 2 to 4 lanes 2023 2,150 DESERT HOT SPRINGS Pierson Blvd. Miracle Hill Rd. Eastern Terminus of Desert View Ave. Widen from 2 to 4 lanes 2023 7,531 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To c j Description Completion Year Project Cost ($1,000's) DESERT HOT SPRINGS TWO BUNCH PALMS TR Little Morongo Rd Palm Dr Widen from 2 to 4 lanes 2025 7,496 DESERT HOT SPRINGS TWO BUNCH PALMS TR Palm Dr Miracle Hill Rd Widen from 2 to 4 lanes 2025 5,319 DESERT HOT SPRINGS Worsley Rd. Pierson Blvd. Indian Ave. Widen from 2 to 4 lanes 2023 13,676 EASTVALE Archibald Ave San Bernardino County Line 65th St Widen from 2 to 4 lanes 2028 36,308 EASTVALE Hamner Ave Mission Blvd Bellegrave Ave Widen from 2 to 6lanes 2030 14,542 EASTVALE Limonite Ave. Archibald Hamner Widening of Limonite Ave from 4 to 6 lanes 2030 8,034 EASTVALE Limonite Avenue Archibald Ave Hellman Ave Limonite gap and bridge over Cucamonga Creek including capacity enhancement. 2035 9690 EASTVALE Philadelphia Ave Milliken Ave 1-15 Widen from 1 EB existing to 2 lanes 2035 1,763 EASTVALE Schleisman Rd San Bernardino County Line Enclave Dr Widen from 2 to 4 lanes 2026 22,643 EASTVALE Schleisman Rd Sumner Ave Scholar Way Widen from 2 to 4 lanes 2030 9,782 EASTVALE Schleisman Rd LindseyCt Wineville Ave ON 1-15 NEAR THE CITY OF NORCO- CONSTRUCT NEW SCHLEISMAN RD IC (6 THROUGH LANES)AND RAMPS (2 LANES) AND NB/SB AUX LANE BETWEEN SCHLEISMAN RD IC AND LIMONITE RD IC (EA 0E140K) 2035 91,481 EASTVALE Schleisman Rd LindseyCt Wineville Ave ON 1-15 NEAR THE CITY OF NORCO- CONSTRUCT NEW SCHLEISMAN RD IC (6 THROUGH LANES) AND RAMPS (2 LANES) AND NB/SBAUX LANE BETWEEN SCHLEISMAN RD IC AND LIMONITE RD IC (EA 0E140K) 2035 91,481 EASTVALE Schleisman Rd LindseyCt Wineville Ave ON 1-15 NEAR THE CITY OF NORCO- CONSTRUCT NEW SCHLEISMAN RD IC (6 THROUGH LANES)AND RAMPS (2 LANES) AND NB/SB AUX LANE BETWEEN SCHLEISMAN RD IC AND LIMONITE RD IC (EA 0E140K) 2035 91,481 EASTVALE Schleisman Rd LindseyCt Wineville Ave ON 1-15 NEAR THE CITY OF NORCO - CONSTRUCT NEW SCHLEISMAN RD IC (6 THROUGH LANES)AND RAMPS (2 LANES) AND NB/SB AUX LANE BETWEEN SCHLEISMAN RD IC AND LIMONITE RD IC (EA 0E140K) 2035 91,481 EASTVALE Schleisman Rd LindseyCt Wineville Ave ON 1-15 NEAR THE CITY OF NORCO- CONSTRUCT NEW SCHLEISMAN RD IC (6 THROUGH LANES) AND RAMPS (2 LANES) AND NB/SBAUX LANE BETWEEN SCHLEISMAN RD IC AND LIMONITE RD IC (EA 0E140K) 2035 91,481 EASTVALE Schleisman Rd LindseyCt Wineville Ave ON 1-15 NEAR THE CITY OF NORCO- CONSTRUCT NEW SCHLEISMAN RD IC (6 THROUGH LANES)AND RAMPS (2 LANES)AND NB/SB AUX LANE BETWEEN SCHLEISMAN RD IC AND LIMONITE RD IC (EA 0E140K) 2035 91,481 EASTVALE Schleisman Rd LindseyCt Wineville Ave ON 1-15 NEAR THE CITY OF NORCO- CONSTRUCT NEW SCHLEISMAN RD IC (6 THROUGH LANES)AND RAMPS (2 LANES) AND NB/SBAUX LANE BETWEEN SCHLEISMAN RD IC AND LIMONITE RD IC (EA 0E140K) 2035 91,481 EASTVALE SR-60 (PM SBD 9.46 to 10.46) at Milliken Ave btwn Harrel Ave &amp; Iberia Reconstruct/widen IC, ramps, and channelization improvements 2020 4,133 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency HEMET Route Name Cawston Ave From To c j Description Completion Year 2035 Project Cost ($1,000's) Cawston Ave Bridge over Salt Creek Channel Construct 4 lane bridge across Salt Creek Channel 20,647 HEMET Cawston Ave Cove St Mustang Way Widen from 2 to 4 Lanes 2035 3,000 HEMET Domenigoni Pkwy Warren Rd Sanderson Ave Widen from 4 to 6 lanes 2035 8,000 HEMET Esplanade Ave Warren Rd San Jacinto St Widen from 2 to 4 Lanes 2035 5,000 HEMET Hemet St Hemet St Bridge over Bautista Creek Construct 2 lane bridge across Bautista Creek 2035 21,305 HEMET Lyon Ave Domenigoni Pkwy Chambers St Construct New 4 lane Arterial 2035 15,979 HEMET Lyon Ave Lyon Ave Bridge over Salt Creek Channel Construct 4 lane bridge across Salt Creek Channel 2035 20,000 HEMET Menlo Ave Westerly End Park Ave Widen from 2 to 4 Lanes 2035 20,000 HEMET State St Johnston Ave Florida Ave (SR- 74) Widen from 2 to 4 lanes 2035 1,750 HEMET Stetson Ave Cawston Ave State St Widen from 2 to 4 Lanes 2035 2,750 HEMET Stetson Ave West of Cawston Ave Warren Rd Relocate and construct 4 lane arterial 2035 8,387 HEMET Stetson Ave West of Cawston Ave Westerly City Limits Widen from 2 to 6 Lanes 2035 8,522 HEMET Warren Rd Esplanade Ave Domenigoni Pkwy Widen from 2 to 4 lanes 2035 21,984 HEMET Warren Rd Warren Rd Bridge over Salt Creek Channel Construct 6 lane bridge across Salt Creek Channel 2035 20,000 INDIAN WELLS HWY111 WEST CITY LIMITS EAST CITY LIMITS TRAFFIC SIGNAL SYCHRONIZATION PROGRAM THROUGH INDIAN WELLS (ALONG COOK STREET, FRED WARING DRIVE, HIGHWAY 111, AND WASHINGTON AVENUE) INCLUDING BUT NOT LIMITED TO SIGNAL UPGRADES, COMMUNICATION SYSTEMS, HARDWARE, AND SOFTWARE. (PM2.5 BENEFITS) 2028 1000 INDIO Adams St Ave 38 Ave 40 Widen from 2 to 4 Lanes 2027 1,400 INDIO Ave 38 Adams St Madison St Widen from 2 to 4 Lanes 2027 2,500 INDIO Ave 40 Varner Rd Jefferson St Widen from 2 to 4 Lanes 2027 1,400 INDIO AVE 42 Monroe St Jackson St Widen from 4 to 6 Lanes 2027 7,335 INDIO AVE 42 Clinton St Monroe St Widen from 2 to 4 Lanes 2032 13,543 INDIO AVENUE 44 Whitewater River Dillon Rd Widen from 2 to 4 Lanes 2032 4,122 INDIO AVENUE 50 Jackson St City Limits Widen from 2 to 4 Lanes 2022 5,144 INDIO AVENUE 50 Jefferson St Madison St Widen from 2 to 4 Lanes 2024 5,374 INDIO AVENUE 50 Madison St Monroe St Widen from 2 to 4 Lanes 2024 5,591 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To c j Description CI Completion Year Project Cost ($1,000's) INDIO AVENUE 50 Monroe St Jackson St Widen from 3 to 4 Lanes 2024 5,030 INDIO AVENUE 52 Monroe St Jackson St Widen from 3 to 4 Lanes 2027 10,527 INDIO Clinton St Miles St De Oro Ave Widen from 3 to 4 Lanes 2027 500 INDIO Dillon Rd Ave 44 North City Limits Widen from 2 to 4 Lanes 2032 1,962 INDIO Dillon Rd Bridge over Coachella Valley Storm Water Channel Widen from 2 to 4 Lanes 2027 17,500 INDIO Dillon Rd Cabaaon Rd Hwy 86IC Widen from 2 to 4 Lanes, not including bridge over Coachella Valley Storm Water Channel 2027 1,100 INDIO GOLF CENTER PKWY Ave 45 Hwy 111 WIDEN FROM 2 to 4 LANES 2030 15000 INDIO Indio Blvd I-10 IC Jefferson St Widen from 4 to 6 Lanes, not including railroad crossing 2024 700 INDIO Indio Blvd Union Pacific Railroad Crossing Widen from 4 to 6 Lanes 2024 13,000 INDIO JACKSON ST Ave 49 Ave 50 Widen from 3 to 4 Lanes 2022 5,177 INDIO JACKSON ST Ave 50 Ave 52 Widen from 3 to 4 Lanes 2022 4,285 INDIO JACKSON ST I-10 IC Ave 44 Widen from 2 to 4 Lanes 2024 1,846 INDIO JEFFERSON ST Ave 40 Ave 39 Widen to 4 Lanes 2027 4,289 INDIO JEFFERSON ST Sun City Blvd. Ave 40 Widen from 4 to 6 Lanes 2027 3,861 INDIO Madison St Ave 38 Ave 40 Widen from 3 to 4 Lanes 2027 1,000 INDIO MADISON ST Ave 50 Ave 49 Widen from 2 to 4 Lanes 2027 11,824 INDIO MADISON ST Fred Waring Dr Indio Blvd Widen from 2 to 4 Lanes 2027 5,947 INDIO MADISON ST Hwy 111 Ave 48 Widening from 3 to 4 lanes 2022 7,271 INDIO MADISON ST Miles Ave Fred Waring Dr (missing link) Construct New 4 - Lane Road, including bridge at All American Canal and Whitewater River. 2033 22,947 INDIO Madison St OC Madison St OC at I-10 New 4 Lane Overcrossing 2040 50,000 INDIO MONROE ST Ave 41 Ave 42 Widen from 2 to 4 Lanes 2022 7,815 INDIO MONROE ST I-10 Ave 44 WIDEN FROM 2 to 4 LANES 2026 15000 INDIO VARNER RD / AVE 42 Jefferson St Clinton St Widen from 2 to 4 Lanes, including bridge over All American Canal. 2032 11,355 JURUPA VALLEY Armstrong Rd San Bernardino County Line Valley Way Widen from 2 to 4lanes 2035 8,940 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To Description Completion Year Project Cost ($1,000's) JURUPA VALLEY BELLGRAVE AVE BAIN ST RUTILE ST GRADE SEPARATION -2 LANES OVER UPRR TRACKS 2030 188,241 JURUPA VALLEY Bellgrave Ave Cantu-Galleano Ranch RdBirtcher Dr Intersection Van Buren Blvd Widen from 2 to 4 lanes 2035 6,918 JURUPA VALLEY Cantu-Galleano Ranch Rd 3,350' Easterly of Wineville Rd Bellgrave Ave/Birtcher Dr Intersection Construct 4 lane arterial, including 4-lane bridge crossing channel 2030 2,492 JURUPA VALLEY JURUPARD CEDAR ST E'LYOF FELSPAR ST GRADE SEPARATION -2 LANES OVER UPRR TRACKS 2030 126,151 JURUPA VALLEY Limonite Ave Bain St. Downey St Widen from 2 to 4 lanes 2025 6,500 JURUPA VALLEY Limonite Ave Van Buren Blvd Baldwin St Widen from 4 to 6 lanes 2030 1,869 JURUPA VALLEY Limonite Ave Wineville Ave. Etiwanda Ave Widen EB lane from 1 lane to 2 lanes. 2020 7,000 JURUPA VALLEY Market St Rubidoux Blvd. North of the Santa Ana River Widen from 2 to 4 lanes 2030 31,155 JURUPA VALLEY Philadelphia Ave Wineville Rd Etiwanda Ave Widen from 1 EB existing to 2 lanes 2035 1,484 JURUPA VALLEY Riverside Dr 1-15 Etiwanda Ave Widen from 2 to 4 lanes 2030 2,243 JURUPA VALLEY Riverside Dr at Day Creek Wineville Rd Etiwanda Ave Widen bridge from 2 to 4 lanes 2035 567 JURUPA VALLEY Schleisman Rd 1-15 Arlington Ave Construct lane arterial 2035 37,518 JURUPA VALLEY SR-60(PM 2.53 to 3.53) at Mission Blvd btwn Granite Hill Dr&amp; Sevaine Way Reconstruct interchange/ramps 2035 65,604 JURUPA VALLEY SR-60 (PM 9.06 to 10.06) at Rubidoux Blvd btwn 30th &amp; 34th Sts Reconstruct/widen IC, ramps and channelization improvements 2030 28,507 JURUPA VALLEY VAN BUREN BOULEVARD LIMONITE AVENUE SANTAANA RIVER WIDEN ROAD FROM TO LANES 2025 7000 LA QUINTA AVE 48 DUNE PALMS RD JEFFERSON ST REPLACE LOW WATER CROSSING WITH BRIDGE 2045 8007 LAQUINTA AVE 50 Jefferson Street Madison Street Widen from 2 to 4 lanes. Shared project between the Cityof La Quinta and Indio. The south side of Avenue 50 widening from 1 to 2 lanes, including bike lanes and sidewalk. 2028 3,161 LA QUINTA AVE 52 Jefferson Street Madison Street Widen from 2 to 4 lanes in areas with missing sections on the north side of Avenue 52. 2030 944 LA QUINTA AVE 54 MADISON ST MONROE ST WIDEN SOUTH SIDE OF AVE 54 FROM 1 TO 2 LANES, CONSTRUCT BIKE LANE, AND SIDEWALKFOR GAP CLOSURE. 2035 3489 LA QUINTA AVE 58 Jefferson St Madison St WIDEN SOUTH SIDE FROM 1 TO LANES AND PORTION OF NORTH SIDE FROM 1 TO LANES 2030 7,832 LAQUINTA AVE 58 Madison St Monroe St Widen south side from 1 to 2 lanes in areas with missing sections including bike lanes and sidewalk 2030 690 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name Q From Completion To Description Year Project Cost ($1,000's) WIDEN ROAD FROM TO LANES, CONSTRUCT LA QUI NTA AVE 60 MONROE ST CITY LIMITS BIKE LANES, AND SIDEWALK. 2035 2115 LA QUI NTA AVE 60 MADISON ST MONROE ST WIDEN NORTH SIDE OF ROAD FROM 1 TO 2 LANES, CONSTRUCT BIKE LANES, AND SIDEWALK. 2035 1653 Avenue 50 over the La Quinta Evacuation Channel Low Water Crossing Washington IN EASTERN RIVERSIDE COUNTY IN THE CITY OF LA QUINTA- WIDEN AVENUE 50 FROM WASHINTON ST TO PARK AVE- WB INCREASE FROM 1 TO LANES; EB EXISTING 2 LANES. PROJECT TO INSTALL 1,700 FT (.3 MI) SIDEWALK AND CLASS II BIKE LANES. TO INCLUDE REPLACEMENT OF AN EXISTING LOW WATER CROSSING WITH A BRIDGE AND NECESSARY SLOPE AND LA QUINTA Replacement Street Park Avenue CHANNEL SCOUR PROTECTION MEASURES. 2027 15,224 LA QUINTA Avenue 50 over the La Quinta Evacuation Channel Low Water Crossing Replacement Washington Street Park Avenue IN EASTERN RIVERSIDE COUNTY IN THE CITY OF LA QUINTA- WIDEN AVENUE 50 FROM WASH INTON ST TO PARK AVE- WB INCREASE FROM 1 TO LANES; EB EXISTING 2 LANES. PROJECT TO INSTALL 1,700 FT (.3 MI) SIDEWALK AND CLASS II BIKE LANES. TO INCLUDE REPLACEMENT OF AN EXISTING LOW WATER CROSSING WITH A BRIDGE AND NECESSARY SLOPE AND CHANNEL SCOUR PROTECTION MEASURES. 2027 15,224 LA QUI NTA MONROE ST AVE 54 MOUNTAIN VIEW LANE WIDEN WEST SIDE OF MONROE FROM 1 TO 2 LANES, CONSTRUCT BIKE LANE, AND SIDEWALK FOR GAP CLOSURE. 2030 3171 LA QUINTA MONROE ST AVE 58 AVE 59 WIDEN WEST SIDE OF MONROE FROM 1 TO 2 LANES, CONSTRUCT BIKE LANE, AND SIDEWALK FOR GAP CLOSURE. 2030 1909 LA QUINTA MONROE ST AVE 59 AVE 60 WIDEN EAST SIDE OF MONROE FROM 1 TO 2 LANES, CONSTRUCT BIKE LANE, AND SIDEWALK WITHIN THE CITY BOUNDARY. 2030 2511 LA QUI NTA MONROE ST AVE 60 AVE 61 WIDEN ROAD FROM 2 TO LANES, CONSTRUCT BIKE LANES, AND SIDEWALK. 2030 3860 LA QUI NTA WESTWARD HO ADAMS ST DUNE PALMS RD WIDEN ROAD FROM 2 TO 4 LANES 2040 7142 LA QUI NTA WESTWARD HO DUNE PALMS RD JEFFERSON RD WIDEN SOUTH SIDE OF ROAD FROM 1 TO LANES 2040 4021 LAKE ELSINORE Auto Center Dr (Casino Dr) Franklin St Diamond Dr (Railroad Cyn Rd) Widen bridge over San Jacinto River from 2 to 4 lanes 2025 9,587 LAKE ELSINORE Franklin St Avenue 6 Canyon Estates Dr Widen street and bridge over I-15 from 2 to 4 lanes 2035 1,782 LAKE ELSINORE Grand Ave Machado St SR-74 Widen from 2 to 4 lanes 2032 3,527 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From TO c j Description Completion Project Cost Year ($1,000's) LAKE ELSINORE 1-15 200' W/O SB OFF -RAMP CAMINO DEL NORTE On 1-15 at Main St IC - Widening of Main St UC from one lane in ea dir to two lanes in ea dir, from 200 ft w/o the SB off -ramp to Camino Del Norte intersection (700 ft); add TWO additional left turn pocketS to the 1-15 NB and SB on -ramps; widen 1- 15 SB off ramp from two lanes to four lanes approaching Main St, with two left turning lanes and two right turning lanes (1,500 LF); widen 115 SB on ramp from one lane to two lanes (12 ft wide each plus 8 ft shoulder onto I-15) (2,500 LF); widen NB off -ramp from one lane to three lanes but striped for two lanes (36 ft wide plus an 8 ft shoulder) and evand to three lanes once new Franklin IC is constructed (1,860 LF); widen NB on - ramp from one lane to two lanes onto 1-15 with tapering acceleration lane (1,900 LF). Construct new traffic signals at the on and off ramps intersections. 2028 21,270 LAKE ELSINORE 1-15 at Lake St btwn Walker Cyn Rd Temescal Cyn Rd Reconstruct/widen IC from 2 to 6 lanes and reconstruct/widen ramps 2025 20,275 LAKE ELSINORE 1-15 at Malaga Rd btwn Casino Dr Lakeview Terrace and Grape St Construct new 4 lane OC over I-15 2028 35,346 LAKE ELSINORE 1-15 at Riverside Dr btwn Collier Ave and Dexter Ave Construct new 4 lane OC over I-15 2022 30,604 LAKE ELSINORE I-15 at Second St (Chaney Ave) btwn Collier Ave and Camino del Norte Construct new 4lane arterial connecting overcross over I-15 2032 56,579 LAKE ELSINORE 1-15 1-15 MAIN ST. On 1-15 at Main St IC - Widening of Main St UC from one lane in ea dir to two lanes in ea dir, from 200 ft w/o the SB off -ramp to Camino Del Norte intersection (700 ft); add TWO additional left turn pocketS to the 1-15 NB and SB on -ramps; widen I- 15 SB off ramp from two lanes to four lanes approaching Main St, with two left turning lanes and two right turning lanes (1,500 LF); widen 115 SB on ramp from one lane to two lanes (12 ft wide each plus 8 ft shoulder onto 1-15) (2,500 LF); widen NB off -ramp from one lane to three lanes but striped for two lanes (36 ft wide plus an 8 ft shoulder) and expand to three lanes once new Franklin IC is constructed (1,860 LF); widen NB on - ramp from one lane to two lanes onto 1-15 with tapering acceleration lane (1,900 LF). Construct new traffic signals at the on and off ramps intersections. 2028 21,270 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To c j Description Completion Year Project Cost ($1,000's) LAKE ELSINORE 1-15 1-15 MAIN ST. On 1-15 at Main St IC - Widening of Main St UC from one lane in ea dir to two lanes in ea dir, from 200 ft w/o the SB off -ramp to Camino Del Norte intersection (700 ft); add TWO additional left turn pocketS to the 1-15 NB and SB on -ramps; widen I- 15 SB off ramp from two lanes to four lanes approaching Main St, with two left turning lanes and two right turning lanes (1,500 LF); widen 115 SB on ramp from one lane to two lanes (12 ft wide each plus 8 ft shoulder onto 1-15) (2,500 LF); widen NB off -ramp from one lane to three lanes but striped for two lanes (36 ft wide plus an 8 ft shoulder) and evand to three lanes once new Franklin IC is constructed (1,860 LF); widen NB on - ramp from one lane to two lanes onto 1-15 with tapering acceleration lane (1,900 LF). Construct new traffic signals at the on and off ramps intersections. 2028 21,270 LAKE On 1-15 at Main St IC - Widening of Main St UC from one lane in ea dir to two lanes in ea dir, from 200 ft w/o the SB off -ramp to Camino Del Norte intersection (700 ft); add TWO additional left turn pocketS to the 1-15 NB and SB on -ramps; widen 1- 15 SB off ramp from two lanes to four lanes approaching Main St, with two left turning lanes and two right turning lanes (1,500 LF); widen 115 SB on ramp from one lane to two lanes (12 ft wide each plus 8 ft shoulder onto 1-15) (2,500 LF); widen NB off -ramp from one lane to three lanes but striped for two lanes (36 ft wide plus an 8 ft shoulder) and expand to three lanes once new Franklin IC is constructed (1,860 LF); widen NB on - ramp from one lane to two lanes onto 1-15 with tapering acceleration lane (1,900 LF). Construct new traffic signals at the on and off ramps ELSINORE 1-15 Main St. I-15 intersections. 2028 21,270 LAKE ELSINORE I-15 Main St. 1-15 On I-15 at Main St IC - Widening of Main St UC from one lane in ea dir to two lanes in ea dir, from 200 ft w/o the SB off -ramp to Camino Del Norte intersection (700 ft); add TWO additional left turn pocketS to the 1-15 NB and SB on -ramps; widen 1- 15 SB off ramp from two lanes to four lanes approaching Main St, with two left turning lanes and two right turning lanes (1,500 LF); widen 115 SB on ramp from one lane to two lanes (12 ft wide each plus 8 ft shoulder onto 1-15) (2,500 LF); widen NB off -ramp from one lane to three lanes but striped for two lanes (36 ft wide plus an 8 ft shoulder) and expand to three lanes once new Franklin IC is constructed (1,860 LF); widen NB on - ramp from one lane to two lanes onto 1-15 with tapering acceleration lane (1,900 LF). Construct new traffic signals at the on and off ramps intersections. 2028 21,270 LAKE ELSINORE 1-15 (PM 23.35 to24.35) at Nichols Rd btwn ramps Reconstruct/widen IC from 2 to 6 lanes and reconstruct/widen ramps 2025 47,122 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency LAKE ELSINORE Route Name Lake St From To c j Lincoln St Description Completion Year 2025 Project Cost ($1,000's) 1-15 Widen from 2 to 6 lanes 34,089 MAIN ST/I-15 IC IMPROVEMENTS: WIDENING OF LAKE Camino Del NB MAIN ST UNDER THE FREEWAY FROM 1 TO 2 LNS, ADD AN ADDITIONAL LN TO THE NB ENTRANCE AND EXIT RAMPS. WIDEN SB OFF RAMP TO ACCOMODATE 1 RT LN, 1 LT LN, AND 1 THRU LT LN AT MAIN ST INTERSECTION. INSTALL RAMP METERS & TRAFFIC SIGNALS AT THE ON & OFF RAMPS INTERSECTIONS, AND ELSINORE Main SUI-15 420' S/O Main St Norte CAMINO DEL NORTE/MAIN ST INTERSECTION. 2025 4,200 LAKE ELSINORE Main SUI-15 420' S/O Main St Camino Del Norte MAIN ST/I-15 IC IMPROVEMENTS: WIDENING OF NB MAIN ST UNDER THE FREEWAY FROM 1 TO 2 LNS, ADD AN ADDITIONAL LN TO THE NB ENTRANCE AND EXIT RAMPS. WIDEN SB OFF RAMP TO ACCOMODATE 1 RT LN, 1 LT LN, AND 1 THRU LT LN AT MAIN ST INTERSECTION. INSTALL RAMP METERS & TRAFFIC SIGNALS AT THE ON & OFF RAMPS INTERSECTIONS, AND CAMINO DEL NORTE/MAIN ST INTERSECTION. 2025 4,200 MAIN ST/I-15 IC IMPROVEMENTS: WIDENING OF LAKE Camino Del NB MAIN ST UNDER THE FREEWAY FROM 1 TO 2 LNS, ADD AN ADDITIONAL LN TO THE NB ENTRANCE AND EXIT RAMPS. WIDEN SB OFF RAMP TO ACCOMODATE 1 RT LN, 1 LT LN, AND 1 THRU LT LN AT MAIN ST INTERSECTION. INSTALL RAMP METERS & TRAFFIC SIGNALS AT THE ON & OFF RAMPS INTERSECTIONS, AND ELSINORE Main SUI-15 420' S/O Main St Norte CAMINO DEL NORTE/MAIN ST INTERSECTION. 2025 4,200 LAKE ELSINORE Main SUI-15 420' S/O Main St Camino Del Norte MAIN ST/I-15 IC IMPROVEMENTS: WIDENING OF NB MAIN ST UNDER THE FREEWAY FROM 1 TO 2 LNS, ADD AN ADDITIONAL LN TO THE NB ENTRANCE AND EXIT RAMPS. WIDEN SB OFF RAMP TO ACCOMODATE 1 RT LN, 1 LT LN, AND 1 THRU LT LN AT MAIN ST INTERSECTION. INSTALL RAMP METERS & TRAFFIC SIGNALS AT THE ON & OFF RAMPS INTERSECTIONS, AND CAMINO DEL NORTE/MAIN ST INTERSECTION. 2025 4,200 Casino LAKE ELSINORE Malaga Rd Mission Tr Dr/Lakeview Terrace Widen from 2 to 4 lanes 2030 12,088 LAKE ELSINORE Mission Tr Railroad Canyon Rd Corydon St Widen from 4 to 6 lanes 2025 7,716 LAKE ELSINORE Nichols Rd Collier Ave El Toro Rd Widen from 2 to 6 lanes 2035 12,363 LAKE ELSINORE SR-74 (Grand Ave) Riverside Dr (SR-74) Ortega Hwy (SR- 74) WIDEN FROM 2 TO 4 LANES CHANGE FROM 6 LANES TOTAL TO 4 LANES TOTAL 2035 16,036 LAKE SR-74 ELSINORE (Riverside Dr) Lakeshore Dr Grand Ave Widen from 2 to 6 lanes 2030 14,954 LAKE ELSINORE Temescal Canyon Rd Segment A& C Westerly City Boundary, 0.68 Mile Westerlyof Lake Street Lake St IN LAKE ELSINORE - CONS OF A NEW 4-LANE DIVIDED ROADWAY, REALIGNING EXISTING TEMESCAL CANYON ROAD AND REPLACE EXISTING 2-LANE UNIMPROVED TEMESCAL CANYON ROAD FROM LAKE STREET TO 650 FT EASTERLY OF CITY'S WESTERLY BOUNDARY. SEGMENT OF THIS REALIGNED ROAD INCLUDES A706' BRIDGE FUNDED BYHBP LISTED SEPARATELY UNDER RIV111203. 2024 5,750 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From TO c j DeStription Completion Project Cost Year ($1,000'0 MARCH JPA 6TH STREET CACTUS AVE MEYER DRIVE CONSTRUCT EXTENSION OF 6TH STREET FROM CACTUS AVENUE TO MEYER DRIVE WITH 4-LANE ARTERIAL WITH CENTER MEDIAN. (THIS PORTION OF 6TH STREET WILL BE RENAMED "MARCH LIFECARE DRIVE" IN THE FUTURE) 2028 7000 MENIFEE Bradley Bridge Rd Rio Vista Dr Potmac Dr BRADLEY RD BRIDGE REPLACEMENT OF 400- FT, 4-LANES OVER EXISTING SALT CREEK CHANNEL FROM RIO VISTA DR TO POTMAC DR. 2026 10,930 MENIFEE Ethanac Rd Sherman Rd Matthews Rd Widen from 2 to 4 lanes incl. grade separation over BNSF RR (Grade sep portion is not part of grade sep list and should remain here) 2027 62,922 MENIFEE Garbani Rd Bradley Rd I-215 Construct 4-lane arterial 2030 4,110 MENIFEE Garbani Rd 1-215 Menifee Rd Reconstruct and widen from 2 to 4 lanes 2030 3,617 MENIFEE Goetz Rd Juanita Dr Lesser Ln Widen from 2 to 4 lanes 2027 10,987 MENIFEE Goetz Rd Normandy Rd Juanita Dr Widen from 2 to 4 lanes 2027 2,925 MENIFEE I-215 (PM 15.95 to 16.95) at Garbani Rd btwn Haun Rd &amp;amp; Antelope Rd Construct new 4 lane (2 Ins eac dir) and ramps 2030 60,573 MENIFEE I-215 (PM 20.3 to21.3) Sun City Blvd. Easterlyof Encanto Dr. ReconstrucVWiden IC from 4 to 6 lanes and reconstruct ramps 2024 38,000 MENIFEE 1-215 (PM 20.3 to21.3) Sun City Blvd. Easterlyof Encanto Dr. ReconstrucUWiden IC from 4 to 6 lanes and reconstruct ramps 2024 38,000 MENIFEE 1-215 (PM 20.3 to21.3) Sun City Blvd. Easterlyof Encanto Dr. ReconstrucUWiden IC from 4 to 6 lanes and reconstruct ramps 2024 38,000 MENIFEE 1-215 (pm 20.3 to21.3) Sun City Blvd. Easterlyof Encanto Dr. ReconstructNViden IC from 4 to 6 lanes and reconstruct ramps 2024 38,000 MENIFEE 1-215 (pm 20.3 to21.3) Sun City Blvd. Easterlyof Encanto Dr. ReconstrucUWiden IC from 4 to 6 lanes and reconstruct ramps 2024 38,000 MENIFEE 1-215 (pm 20.3 to21.3) Sun City Blvd. Easterlyof Encanto Dr. ReconstrucUWiden IC from 4 to 6 lanes and reconstruct ramps 2024 38,000 MENIFEE 1-215 (pm 20.3 to21.3) Sun City Blvd. Easterlyof Encanto Dr. ReconstrucUWiden IC from 4 to 6 lanes and reconstruct ramps 2024 38,000 MENIFEE 1-215 (pm 20.3 to21.3) Sun City Blvd. Easterlyof Encanto Dr. ReconstrucVWiden IC from 4 to 6 lanes and reconstruct ramps 2024 38,000 MENIFEE 1-215 (pm 20.3 to21.3) Sun City Blvd. Easterlyof Encanto Dr. ReconstrucUWiden IC from 4 to 6 lanes and reconstruct ramps 2024 38,000 MENIFEE 1-215 (pm 20.3 to21.3) Sun City Blvd. Easterlyof Encanto Dr. ReconstrucUWiden IC from 4 to 6 lanes and reconstruct ramps 2024 38,000 MENIFEE 1-215 (pm 20.3 to21.3) Sun City Blvd. Easterlyof Encanto Dr. ReconstrucUWiden IC from 4 to 6 lanes and reconstruct ramps 2024 38,000 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To c j Description Completion Year Project Cost ($1,000's) MENIFEE 1-215 (pm 20.3 to21.3) Sun City Blvd. Easterlyof Encanto Dr. ReconstrucUWiden IC from 4 to 6 lanes and reconstruct ramps 2024 38,000 MENIFEE 1-215 (PM 20.3 to21.3) Sun City Blvd. Easterlyof Encanto Dr. Reconstruct/Widen IC from 4 to 6 lanes and reconstruct ramps 2024 38,000 MENIFEE 1-215 (pm 20.3 to21.3) Sun City Blvd. Easterlyof Encanto Dr. ReconstrucUWiden IC from 4 to 6 lanes and reconstruct ramps 2024 38,000 MENIFEE McCall Blvd Aspel Rd Menifee Rd Widen from 2 to 4 lanes 2027 4,276 MENIFEE McCall Blvd 1-215 Aspel Rd Widen from 4 to 6 lanes 2027 5,330 MENIFEE Menifee Rd Garbani Rd Scott Rd Widen from 2 to 4 lanes 2022 3,696 MENIFEE Menifee Rd Ramona Expwy SR-74 (Pinacate Rd) Widen from 2 to 4 lanes 2027 28,593 MENIFEE Menifee Rd SR-74 (Pinacate Rd) Simpson Rd Widen from 2 to 4 lanes incl. grade separation over RR (Grade sep portion is not part of grade sep list and should remain here) 2027 57,290 MENIFEE Murrieta Rd Ethanac Rd McCall Blvd Widen from 2 to 4 lanes 2027 8,659 MURRIETARD WIDENING FROM 2 TO 4-LANES MENIFEE Murrieta Rd Holland Rd Scott Rd FROM HOLLAND RD TO SCOTT RD (2-MILES). 2025 8,100 MENIFEE Murrieta Rd & Holland Rd Intersection MURRIETARD AND HOLLAND RD INTERSECTION REALIGNMNET TO REPLACE A TWO-WAY INTERSECTION WITH STOP STOPS AND OFFSET AND SIGNALIZE THE INTERSTCTION, INSTALL STREET LIGHTS, ADA RAMPS AND SIDEWALKS. PROJECT TO INCLUDE WIDENING FROM SURREY RD TO600- FT S/O HOLLAND RD FROM 2 TO 4-LANES. 2025 6,253 MURRIETARD WIDENING FROM TO 4-LANES MENIFEE Murrieta Rd Bridge Par City Ave Canino Del Sol Sur FROM PARK CITY AVE TO CAMINO DEL SOL SUR OVER (400-FT), OVER SALT CREEK CHANNEL, INCLUDING ATRAFFIC SIGNAL AT MURRIETARD & VALLEY BLVD. 2027 12,500 MENIFEE Newport Rd Murrieta Rd Bradley Rd WIDEN FROM 5 TO 6 LANES 2027 33,553 MENIFEE Scott Rd 1-215 El Centro Widen Scott Rd from 4 to 6 lanes between 1-215 and El Centro 2025 11,674 MENIFEE Scott Rd/Bundy Canyon Rd Sunset Ave Haun Rd Widen from 2 to 4 lanes 2022 27,580 MENIFEE Valley Blvd McCall Blvd Murrieta Rd VALLEY BLVD (MISSING LINK) WIDENING FROM 2 TO 4-LANES FROM MCCALL BLVD TO MURRIETA RD, INCLUDING GAP CLOSURE B/W MURRIETA RD AND HUNEY RUN RD (APPROX 650-FT), AND INSTALL OF TRAFFIC SIGNALS, NEW LANE STRIPING, CURB AND GUTTER, SIDWALKS, AND ADA RAMPS 2025 5,541 MORENO VALLEY Alessandro Blvd Frederick St Perris Blvd Widen from 4 to 6 lanes 2028 6,000 MORENO VALLEY Alessandro Blvd Perris Blvd Nason St WIDEN ALESSANDRO BLVD FROM PERRIS BLVD TO NASON ST FROM 2 TO 6 LANES, bike lanes and sidewalks 2028 14,000 MORENO VALLEY Cactus Ave Nason St Redlands Blvd Widen from 2 to 4 lanes 2028 8,000 MORENO VALLEY Eucalyptus Ave 1-215 Towngate Blvd Widen from 4 to 6 lanes 2028 5,000 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name To Pettit St Description Widen from 2 to 4 lanes Completion Year 2028 Project Cost ($1,000's) 2000 MORENO VALLEY Eucalyptus Ave Moreno Beach Dr. MORENO VALLEY Eucalyptus Ave. Heacock St Morrison St. Widen arterial from 2 to 4 lanes 2028 15000 MORENO VALLEY Heacock St-SI Dracaea Eucalyptus Street Improvement/ Widening 2 to 4 lanes gaps 2028 1,000 MORENO VALLEY Heacock St-SI Eucalyptus Fir Street Improvement/ Widening 2 to 4 lanes gaps 2028 1,800 MORENO VALLEY Heacock St-SI Ironwood Ave Manzanita Ave Street Improvement/ Widening 2 to 4 lanes gaps 2022 650 MORENO VALLEY Indian St San Michele Rd Harley Knox Rd Widen from 2 to 4 lanes 2028 6,000 MORENO VALLEY Indian St Bridge over Channel Lateral A Superior Ave San Michele Rd Construct bridge to close roadway gap and provide minimum 2 lanes (1 lane in each direction) between Superior Ave and San Michele Rd 2022 4,000 MORENO VALLEY Ironwood Ave Nason St Redlands Blvd Widen from 2 to 4 lanes 2026 8,063 MORENO VALLEY Juan Bautista de Anza Trail Eucalyptus Ave Iris Ave All remaining portions (segements 4, 7-13) of multi -use trail from Eucalyptus Ave to Iris Ave, to design construct, and complete a continous trail from Moreno Valley Mall area to Lake Perris State Recreation Area. 2021 8700 MORENO VALLEY Lasselle St Eucalyptus Alessandro Widen from 2 to 4 lanes 2024 2,300 MORENO VALLEY Moreno Beach Dr Locust Ave SR-60 Widen from 2 to 4 Lanes 2028 6,000 MORENO VALLEY Nason St Elder Ave Ironwood Ave Widen 2 to 4 lanes / Street Improvement 2028 1,000 MORENO VALLEY Perris Blvd Brodiaea Ave Dracaea Widen from 4 to 6 lanes / Street Improvement 2023 1,500 MORENO VALLEY Perris Blvd Reche Vista Dr Sunnymead Ranch Pkway Widen from 2 to 4 lanes 2022 3,000 MORENO VALLEY Pigeon Pass Rd Cantarini N Hidden Springs Widen from 2 to 4 lanes 2028 6,000 MORENO VALLEY Redlands Blvd Spruce Ave North City Limits Widen 2 to 4 lanes / Street Improvement 2028 6,000 MORENO VALLEY SR-60 Graham St OC In Moreno Valleyon Graham St: Construct 4 through lane OC (2 lanes each dir) over SR60 between Sunnymead Blvd and Hemlock Ave, add signals at Hemlock, left -turn pocket lanes at both intersections, and add pedestrian sidewalk (Approx 1/4 miles) on OC both sides 2026 22,000 MORENO VALLEY SR-60 (PM 14.84 to 15.84) at Heacock St btwn Hemlock Ave &amp; Sunnymead Blvd Widen/reconstruct Heacock IC, ramps, and channelization improvements. No additional lanes planned. 2028 23,873 MORENO VALLEY SR-60 (PM 15.85 to 16.85) at Perris Blvd btwn Sunnymead Blvd &amp; Ironwood Reconstruct/widen arterial from 4 to 6 lanes and reconstruct/widen ramps 2026 37,379 MORENO VALLEY Sunnymead Blvd. Perris Blvd Kitching St Widen arterial from 2 to 4 lanes, construct roundabout at Sr-60 EB on -ram p/Sunnymead Intersection 2028 6000 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To c j Description CI Completion Year Project Cost ($1,000's) MURRIETA Clinton Keith Rd Coppercraft Toulon Dr Widen from 4 to 6 lanes 2030 2,050 MURRIETA Clinton Keith Rd Toulon Dr 1-215 Widen from 4 to 6 lanes 2030 44,241 Murrieta CLINTON KEITH ROAD FRENCH VALLEY CREEK BRIDGE WINCHESTER ROAD Construct Clinton Keith Road from French Valley Creek Bridge to Winchester Road- 6 through lanes, 3 in each direction 2025 5227 MURRIETA Elm Street Adams Avenue Jackson Avenue Widen from 2 to 4lanes 1-15 2030 31,155 with overcrossing MURRIETA Guava Street Washington Avenue Monroe Avenue Widen from 2 to 4 lanes 2030 12,462 MURRIETA Ivy Street Jefferson Avenue Washington Avenue Widen from 2 to 4 lanes 2023 2,001 MURRIETA Jefferson Ave Nutmeg St Murrieta Hot Springs Rd Widen from 4 to 6 Lanes 2035 13,930 MURRIETA Jefferson Ave Nutmeg St Palomar St Construct 6 lane arterial 2035 7,611 MURRIETA Los Alamos Rd. - north side Hancock Ave. Whitewood Ave. Widening from 4 to 6 lanes. 2035 2,916 MURRIETA Madison Ave. Guava Street Date St. Widen from 2 to 4 lanes 2030 18,693 MURRIETA Monroe Ave. Murrieta Hot Springs Rd. Los Alamos Ave. Construct a 4 lane facility- Monroe Ave. from Murrieta Hot Springs Rd. to Los Alamos Rd. 2023 15,000 MURRIETA Murrieta Hot Springs Rd Margarita Rd SR-79 (Winchester) Widen from 4 to 6 lanes 2020 4,500 MURRIETA Warm Springs Parkway Clinton Keith Road Scott Road Construct - Realign Antelope Rd from Clinton Keith Rd. to Scott Road - 4 through lanes, 2 lane in each direction. 2030 24,924 MURRIETA WHITEWOOD ROAD MURRIETA HOT SPRINGS ROAD JACKSON AVENUE Construct -Realign Whitewood Road from Murrieta Hot Springs Road to Jackson Avenue- 4 through lanes, 2 lane in each direction. 2025 5000 NORCO 1 st St Parkridge Ave Hamner Ave Widen from 2 to 4 lanes 2022 2,020 NORCO 2nd St River Rd Hamner Ave Widen from 2 to 4 lanes 2022 5,449 NORCO Corydon Ave River Rd Norco Dr Widen from 2 to 4 lanes 2030 9,227 NORCO Hamner Cota Street Hamner Ave Widen from 4 to 6lanes 2023 1,433 NORCO Hillside Ave 1st St Hidden Valley Pkwy Construct 2 lane arterial 2027 2,343 NORCO 1-15 (PM42.37 to43.37) at Hidden Valley Pkwy btwn Hamner Ave &amp; Beyond NB Exit Ramp Reconstruct interchange/ramps/channelization improvements 2025 4,403 NORCO 1-15 (PM43.13 to44.13) at 2nd St Btwn Hamner Ave &amp; Va1leyVewAve Reconstruct/widen IC from 2 to 4 Lanes and widen ramps 2028 7,863 NORCO 1-15 (PM 45.1 to 46.1) at6thSt btwn Hamner Ave&amp; Sierra Ave Reconstruct interchange/ramps/channelization improvements 2030 23,916 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency NORCO Route Name Norco Dr From Corydon Ave To ci Hamner Ave Description Widen from 2 to 4 lanes Completion Year 2024 Project Cost ($1,000's) 6,055 PALM DESERT COOK ST Br. at Whitewater Chnl Widen from 4 to 6 lanes 2025 13,785 PALM DESERT COOK ST Country Club Whitewater Brg. Widen from 4 to 6 lanes 2025 10,650 PALM DESERT COOK ST Whitewater Br. Fred Waring Dr Widen from 4 to 6 lanes 2025 3,292 PALM DESERT Cook Street Frank Sinatra Country Club Dr. Widen from 4 to 6 lanes 2025 10,859 PALM DESERT COUNTRY CLUB DR Monterey Ave Portola Ave Widen from 4 to 6 lanes 2027 10,382 PALM DESERT Country Club Drive Cook Street Eldorado Dr Widen from 4 to 6 lanes 2030 4,225 PALM DESERT Country Club Drive Eldorado Dr Oasis Club Drive Widen from 4 to 6 lanes 2027 4,678 PALM DESERT Country Club Drive Oasis Club Drive Washington Street Widen from 4 to 6 lanes 2035 5,146 PALM DESERT Country Club Drive Portola Avenue Cook Street Widen from 4 to 6 lanes 2027 4,465 PALM DESERT FRANK SINATRA DR Cook St Eldorado Dr Widen from 4 to 6 lanes 2027 7,485 PALM DESERT FRANK SINATRA DR Eldorado Dr Tamarisk Row Dr Widen from 4 to 6 lanes 2027 1,787 PALM DESERT FRANK SINATRA DR Monterey Ave Portola Ave Widen from 4 to 6 lanes 2027 9,419 PALM DESERT FRANK SINATRA DR Portola Ave Cook St Widen from 4 to 6 lanes 2027 6,914 PALM DESERT GERALD FORD DR Cook St Frank Sinatra Dr Widen from 3 to 4 lanes 2030 1,828 PALM DESERT HWY111 MONTEREY AVENUE DEEP CANYON ROAD RESTRIPE ROADWAY TO ACCOMMODATE CLASS II BIKE LANES, INSTALL ENHANCED PEDESTRIAN CROSSINGS AT SAGE LANE, SAN PABLO AVENUE, LARKSPUR LANE, SAN LUIS REY AVENUE, AND PORTOLAAVENUE. 2023 1500 PALM DESERT PORTOLAAVE Country Club Dr 2,070' S/O Frank Sinatra Dr Widen from 4 to 6 lanes 2027 8,452 PALM DESERT PORTOLAAVE Hwy 111 Magnesia Falls Dr Widen from 4 to 6 lanes 2027 1,233 PALM DESERT PORTOLAAVE Magnesia Falls Dr Country Club Dr Widen from 4 to 6 lanes 2027 12,476 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To Description Completion Year Project Cost ($1,000's) Q 1,500' N/O 2,000' S/O PALM DESERT Portola Avenue Frank Sinatra Drive Gerald Ford Drive Widen from 4 to 6 lanes 2027 4,464 PALM DESERT VARIOUS LOCATIONS WEST CITY LIMITS EAST CITY LIMITS TRAFFIC SIGNAL BATTERY BACKUP SYSTEM INSTALLATION AT TRAFFIC SIGNAL INTERSECTIONS CITYWIDE. 2024 1750 PALM DESERT VARIOUS LOCATIONS WEST CITY LIMITS EAST CITY LIMITS TRAFFIC SIGNAL INTERCONNECT / FIBER OPTIC CABLE INSTALLATION CITYWIDE. 2022 2000 PALM DESERT VARIOUS LOCATIONS WEST CITY LIMITS EAST CITY LIMITS INSTALL BIKEWAY IMPROVEMENTS AT VARIOUS LOCATIONS. 2025 1500 PALM DESERT VARIOUS LOCATIONS CITYCENTER AREA INSTALL SIDEWALKS, CROSSWALKS AND OTHER PEDESTRIAN AMENITIES. 2024 2000 PALM SPRINGS CROSSLEY RD Dinah Shore Dr. Fairway Cr Widen from 2 to 4lanes 2025 3,364 PALM SPRINGS CROSSLEY RD Sunny Dunes Rd Dinah Shore Dr. Widen from 2 to 4 lanes 2023 2,184 PALM SPRINGS CROSSLEY RD / GOLF CLUB DR N. Bank of Wash S. Bank of Wash New bridge over Palm Canyon Wash. 2045 53,950 PALM SPRINGS GENE AUTRY TRAIL N. Bank of Whitewater River S. Bank of Whitewater River New bridge to replace existing low water crossing at Whitewater River. 2045 111,500 PALM SPRINGS INDIAN AVE 19th Ave 300 ft. south of 18th Ave. Widen from 2 to 4 lanes 2025 8,807 PALM SPRINGS N. INDIAN CANYON DR. N. Bank of Whitewater River S. Bank of Whitewater River New bridge to replace existing low water crossing at Whitewater River. 2031 166,218 PALM SPRINGS N. PALM CYN DR Alejo Rd Tahquitz Cyn Rd Widen from 3 to 4 lanes 2030 3,686 PALM SPRINGS RAMON RD S. Indian Cyn Sunrise Way (Incl. Baristo Storm Chnl Xing) Widen from 4 to 6 lanes 2031 169,482 PALM SPRINGS RAMON RD S. Palm Cyn Dr S. Indian Cyn Dr Widen from 4 to 6 lanes 2030 1,201 PALM SPRINGS S. PALM CYN DR Tahquitz Cyn Rd Ramon Rd Widen from 3 to 4 lanes 2030 3,863 PALM SPRINGS Salvia Rd. Garnett Hill Gene Autry Tr. Construct 4 lane arterial connector 2031 12,345 PALM SPRINGS Sunrise Parkway N. Indian Canyon Dr North Palm Canyon Drive (SR 111) Construct/extend 4 lane arterial connector 2031 20,318 PALM SPRINGS Sunrise Parkway Sunrise Way North of San Rafael Dr N. Indian Canyon Dr. Construct/extend 4 lane arterial connector 2025 13,529 PALM SPRINGS Vista Chino N. Palm Canyon Dr Sunrise Way Widen from 4 to 6 lanes 2031 8,404 PERRIS "A" Street Nuevo Rd 4th St Widen from 2 to 4 Lanes 2022 9,631 PERRIS 11th St/Case Rd Perris Blvd Goetz Rd Widen from 2 to 4lanes 2025 2,568 PERRIS Case Rd Goetz Rd 1-215 Widen from 2 to 4 lanes, including 2 bridges over San Jacinto Rier and interchange at 1-215 2025 82,036 PERRIS Dunlap Orange Ellis Ave Widen from 2 to 4 lanes 2030 5,469 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From Description Completion Year Project Cost ($1,000's) PERRIS Ellis Ave SR-74 1-215 Construct 2 lane arterial and 2 lane grade separation over BNSF RR (Keep grade separation in arterial section) 2040 27,075 PERRIS Ethanac Rd Goetz Rd 1-215 Widen from 2 to 4 lanes 2020 4,000 PERRIS Ethanac Rd Goetz Rd Keystone Dr Widen from 2 to 6 Lanes, including bridge over San Jacinto Storm Channel. 2030 10,500 PERRIS Evans Rd Nuevo Rd 1-215 Construct 4 lane arterial 2030 17,646 PERRIS EVANS RD CITRUS AVE NUEVO RD WIDEN FROM 2 TO 4 LANES 2022 3500 PERRIS Goetz Rd Case Rd Ethanac Rd Widen from 2 to 4 lanes 2024 19,332 PERRIS Goetz Rd Lesser Ln Ethanac Rd Widen from 2 to 4 lanes 2040 9,571 PERRIS 1-215 (PM 24.7 to 26.1) at Ellis Ave btwn Perris Valley Storm Drain w/o 1-215 to Dunlap Dr e/o 1-215 Construct new 2 lane IC and ramps (1 lane) 2040 130,412 PERRIS 1-215 (PM 29.5 - 30.0) at Placentia btwn ramps Construct new 6 lane IC and ramps at Placentia OC 2022 68,420 PERRIS 1-215 (PM30.9) at Ramona Expwy btwn ramps Reconstruct/widen from 4 to 8 lanes, widen SB and NB exit ramps at I-215/Ramona Expwy IC and OC, construct dual left -turn lanes at the exit ramps temini 2035 86,469 PERRIS 1-215 (PM 31.83 to 32.83) at Harley Knox Blvd btwn Harvill Ave and Western Way Reconstruct and Widen Harley Knox Blvd OCfrom 2 to 4 Lanes and reconstruct/widen ramps 2025 32,434 PERRIS INDIAN AVE RIDER ST ORANGE AVE WIDEN FROM 2 TO LANES 2025 5597 PERRIS Mapes Ave Goetz Rd West City Lim it Widen from 2 to 4 lanes 2030 9,571 PERRIS Markham St Wade Redlands Ave Widen from 2 to 4 lanes 2025 7,462 PERRIS McPherson Rd Ethanac Rd Mapes Ave Construct 2 lane arterial 2030 5,448 PERRIS Morgan St Nevada Indian Ave Widen from 2 to 4 lanes 2025 1,187 PERRIS MORGAN ST REDLANDS AVE EVANS RD CONSTRUCT LANE ARTERIAL 2030 13180 PERRIS MORGAN ST EVANS RD BRADLEYAVE WIDEN FROM TO LANES 2030 6590 PERRIS Mountain Ave McPherson ASt Widen from 2 to 4 lanes 2030 3,515 PERRIS Murrieta Rd Case Rd Ethanac Rd Widen from 2 to 4 lanes 2022 8,989 PERRIS Nuevo Rd Evans Rd Wilson Ave Widen from 2 to 4 Lanes, including bridge over Perris Valley Storm Drain 2020 7,500 PERRIS Nuevo Rd Perris Blvd Dunlap Dr Widen from 4 to 6 Lanes 2030 6,854 PERRIS Orange Ave Indian Ave Dunlap Dr Widen from 2 to 4 lanes 2030 40,419 PERRIS Perris Blvd Ramona Expwy Nuevo Rd Widen from 4 to 6 lanes 2025 20,000 PERRIS PERRIS BLVD 11ST/CASE RD 4TH ST WIDEN FROM 2 to 4 LANES 2025 13180 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To c j Description Completion Year Project Cost ($1,000's) PERRIS PERRIS BLVD RIDER ST NUEVO RD WIDEN FROM TO LANES 2025 10000 PERRIS Placentia Ave Indian Ave Murrieta Rd Widen from 2 to 4 lanes 2025 37,555 PERRIS PLACENTIAAVE FRONTAGE RD INDIAN AVE CONSTRUCT LANE ARTERIAL 2022 3500 PERRIS PLACENTIAAVE INDIAN AVE PERRIS BLVD WIDEN FROM 2 TO LANES 2022 3500 PERRIS Ramona Expwy Evans Rd Rider St Widen from 4 to 6 lanes 2030 13,483 PERRIS REDLANDS AVE RAMONAEXWY MORGAN ST WIDEN FROM 2TO4 LANES 2022 3210 PERRIS REDLANDS AVE MORGAN ST RIDER ST CONSTRUCT LANE ARTERIAL 2022 6420 PERRIS REDLANDS AVE RIDER ST PLACENTIAAVE WIDEN FROM 2 TO 4 LANES 2022 3210 PERRIS REDLANDS AVE CITRUS AVE NUEVO RD WIDEN FROM 2 TO LANES 2025 1878 PERRIS REDLANDS AVE SAN JACINTO AVE ELLIS AVE WIDEN FROM 2 TO 4 LANES 2025 1878 PERRIS Rider St Nevada Indian Ave Widen from 2 to 4 lanes 2030 26,360 PERRIS RIDER ST REDLANDS AVE EVANS RD WIDEN FROM 2 TO 4 LANES 2030 13180 PERRIS San Jacinto Ave ASt Redlands Ave Widen from 2 to 4 lanes, including bridge over !- 215. 2040 32,412 PERRIS San Jacinto Ave Navajo ASt Construct lane arterial 2030 5,834 PERRIS San Jacinto Ave Redlands Ave Dunlap Dr Widen from 2 to 6 lanes, including bridge over Perris Valley Storn Drain. 2030 19,447 PERRIS San Jacinto Ave West City Limit Navajo Widen from 2 to 6 lanes 2030 5,834 PERRIS Watson ASt McPherson Rd Construct 4 lane arterial 2030 14,059 PERRIS Webster Ave Harley Knox Blvd. Markham Construct 6 lane arterial 2022 8,000 PERRIS Webster Ave Markham Ramona Evwy Widen from 2 to 6 lanes 2022 4,000 RANCHO MIRAGE BOB HOPE DR Frank Sinatra Dr Gerald Ford Dr Widen from 4 to 6 lanes 2023 6,319 RANCHO MIRAGE FRANK SINATRA DR Whitewater River Bridge at Frank Sinatra Drive Replace a 4 lane at grade low-water crossing with a new 4 lane bridge 2022 43,433 RANCHO MIRAGE San Jacinto Drive Rancho Las Palmas Drive Rancho Mirage Community Park Pedestrian Sidewalk connecting shopping/parking area to community park. 2021 1000 RANCHO MIRAGE VARIOUS LOCATIONS ADA COMPLIANCE UPGRADE OF CITYWIDE PEDESTRIAN ACCESS RAMPS. STREETS INCLUDE HIGHWAY 111, BOB HOPE DRIVE, COUNTRY CLUB DRIVE, FRANK SINATRA DRIVE, GERAL FORD DRIVE, DINAH SHORE DRIVE, RAMON ROAD, DAVALL DRIVE, AND LOS ALAMOS ROAD. 2021 1500 December 2019 Appendix C RIVERSIDE COMMISSION TRANSPORTATION COMMISS30N L'ii'-''S 11111111111111111111111111111111111111111!LONG RANGE TRANSPORTATION STUDY Lead Agency _ Route Name From Description v Completion Project Cost Year ($1,000's) RCTC 1-15 CAJALCO RD. (PM 36.8) SR74 (PM 22.3) IN WESTERN RIVERSIDE COUNTY— I-15 EXPRESS LANES SOUTHERN EXTENSION (GENERALLY IN THE MEDIAN) FROM CAJALCO RD. (PM 36.8) IN THE CITY OF CORONA TO APPROXIMATELY SR-74 (PM 22.3) IN THE CITY OF LAKE ELSINORE (PPNO 3009X). 2029 544,000 RCTC 1-15 SR74 (PM 22.3) TO JCT. 1-15/1- 215 (PM 8.7) CONSTRUCT 2 HOV LNS (1 LN EA DIR) FROM SR74 (PM 22.3) TO JCT I-15/1-215 (PM 8.7). 2039 375,664 RCTC/SCRRA Metrolink Commuter Rail Throughout Riverside, Orange County, &amp; Los Angeles County Throughout Riverside, Orange County, &amp; Los Angeles County METROLINK COMMUTER RAIL EXISTING LINES SERVICES EXPANSION - RIVERSIDE, 91, AND IEOC LINES 2045 11,180 RIVERSIDE COUNTY 20TH AVE PALM DR MOUNTAIN VIEW RD WIDEN FROM 2 TO 4 LANES 2040 7037 RIVERSIDE COUNTY AVE 48 Van Buren St Dillon Rd Widen from 2 to 4 lanes 2021 4,500 RIVERSIDE COUNTY AVE 56 / AIRPORT BLVD Harrison St Tyler St Widen from 2 to 6 lanes 2034 7,410 RIVERSIDE COUNTY AVE 56 / AIRPORT BLVD Jackson St 0.25 miles W of Van Buren St Widen from 2 to 6 lanes 2036 4,385 RIVERSIDE COUNTY AVE 56 / AIRPORT BLVD Monroe St Jackson St Widen from 2 to 4 lanes 2038 6,874 RIVERSIDE COUNTY AVE 56 / AIRPORT BLVD Polk St Palm St Widen from 2 to 6 lanes 2030 1,882 RIVERSIDE COUNTY AVE 56 / AIRPORT BLVD Palm St SR-86 Widen from 4 to 6 lanes 2045 17,694 RIVERSIDE COUNTY AVE 56 / AIRPORT BLVD Tyler St Polk St Widen from 2 to 6 lanes 2032 5,503 RIVERSIDE COUNTY AVE 56 / AIRPORT BLVD (SOUTH SIDE) 0.25 mi. W of Van Buren St Harrison St Widen from 2 to 6 lanes 2033 10,332 RIVERSIDE COUNTY AVE 58 Jackson St Van Buren St Widen from 2 to 4 lanes 2035 7,023 RIVERSIDE COUNTY AVE 58 Monroe St Jackson St Widen from 2 to 4 lanes 2032 6,190 RIVERSIDE COUNTY AVE 62 Fillmore St Pierce St Widen from 2 to 6 lanes 2038 45,825 RIVERSIDE COUNTY AVE 62 Harrison St Tyler St Widen from 2 to 6 lanes 2042 9,628 RIVERSIDE COUNTY AVE 62 Jackson St Van Buren St Widen from 2 to 6 lanes 2034 14,764 RIVERSIDE COUNTY AVE 62 Monroe St Jackson St Widen from 2 to 6 lanes 2045 12,729 RIVERSIDE COUNTY AVE 62 Pierce St SR-86 Widen from 2 to 6 lanes 2040 12,394 RIVERSIDE COUNTY AVE 62 Polk St Fillmore St Widen from 2 to 6 lanes 2045 19,074 RIVERSIDE COUNTY AVE 62 Tyler St Polk St Widen from 2 to 6 lanes 2041 9,331 RIVERSIDE COUNTY AVE 62 Van Buren St Harrison St Widen from 2 to 6 lanes 2040 14,195 RIVERSIDE COUNTY AVE 62 Ave 62 SR-86 IC btwn w/o SR111 to Buchanan St Construct new IC and ramps and widen OC from 2 to 6 lanes 2040 67,863 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To Description Completion Project Cost Year ($1,000's) RIVERSIDE COUNTY AVE 66 Ave 66 Br./Low Water Xing BTWN W/O COACHELLA VALLEY STORM WATER CHNL AND PIERCE ST Widen from 2 to 6 lanes 2030 5,357 RIVERSIDE COUNTY Ave 66 GS/Bypass S/O Ave 66 beg. 2,800 ft. E/O SR86 Dale Kiler Rd. COAC H EL LA VALLEY FOR THE COMMUNITY OF MECCA CONSTRUCT A NEW TWO-LN (1-LN IN EADIR) GRADE SEPARATION BYPASS S/O AVE 66 BEGINNING 2,800 FT E/O SR-86 & CONNECTING BACK TO AVE 66 AT DALE KILER RD. BYPASS WILL BE APPROX. 0.9 MILES WITH ELEVATED STRUCTURE OVER THE UPRR, HAMMOND RD., INCLUDING REALIGNED SH 195. PROJECT INCLUDES REALIGNED 2022 41,026 RIVERSIDE Ave 66 S/O Ave 66 beg. 2,800 ft. E/O COAC H EL LA VALLEY FOR THE COMMUNITY OF MECCA CONSTRUCT A NEW TWO-LN (1-LN IN EADIR) GRADE SEPARATION BYPASS S/O AVE 66 BEGINNING 2,800 FT E/O SR-86 & CONNECTING BACK TO AVE 66 AT DALE KILER RD. BYPASS WILL BE APPROX. 0.9 MILES WITH ELEVATED STRUCTURE OVER THE UPRR, HAMMOND RD., INCLUDING REALIGNED SH 195. PROJECT INCLUDES COUNTY GS/Bypass SR86 Dale Kiler Rd. REALIGNED 2022 41,026 RIVERSIDE COUNTY Ave 66 GS/Bypass S/O Ave 66 beg. 2,800 ft. E/O SR86 Dale Kiler Rd. COACH ELLA VALLEY FOR THE COMMUNITY OF MECCA CONSTRUCT A NEW TWO-LN (1-LN IN EADIR) GRADE SEPARATION BYPASS S/O AVE 66 BEGINNING 2,800 FT E/O SR-86 & CONNECTING BACK TO AVE 66 AT DALE KILER RD. BYPASS WILL BE APPROX. 0.9 MILES WITH ELEVATED STRUCTURE OVER THE UPRR, HAMMOND RD., INCLUDING REALIGNED SH 195. PROJECT INCLUDES REALIGNED 2022 41,026 RIVERSIDE COUNTY Ave 66 GS/Bypass S/O Ave 66 beg. 2,800 ft. E/O SR86 Dale Kiler Rd. COACH ELLA VALLEY FOR THE COMMUNITY OF MECCA CONSTRUCT A NEW TWO-LN (1-LN IN EA DIR) GRADE SEPARATION BYPASS S/O AVE 66 BEGINNING 2,800 FT E/O SR-86 & CONNECTING BACK TO AVE 66 AT DALE KILER RD. BYPASS WILL BE APPROX. 0.9 MILES WITH ELEVATED STRUCTURE OVER THE UPRR, HAMMOND RD., INCLUDING REALIGNED SH 195. PROJECT INCLUDES REALIGNED 2022 41,026 RIVERSIDE COUNTY AVENUE 62 WEST OF SR 111 WEST OF SR- 86 GRADE SEPARATION - 2 LANES AT UPRR TRACKS AND SR111 2040 163,395 RIVERSIDE COUNTY Benton Rd SR-79 Eastern Bypass Widen from 2 to 6 lanes 2030 11,480 RIVERSIDE COUNTY BOB HOPE DR Dinah Shore Ramon Rd Widening of the south bound lane from 2 to 3 lanes. 2030 4,289 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Cl RIVERSIDE Route Name From To Description Completion Year Project Cost ($1,000's) COUNTY Briggs Rd Newport Rd Scott Rd Widen from 2 to 4 lanes 2035 17,007 RIVERSIDE COUNTY Briggs Rd Scott Rd SR-79 (Winchester Rd) Construct 4 lane arterialWIDEN FROM 2 TO 4 LANES 2025 36,000 RIVERSIDE COUNTY Briggs Rd Simpson Rd DOMENIGONI PKWY Construct 4 lane arterial 2045 32,649 RIVERSIDE COUNTY Briggs Rd SR-74 (Pinacate Rd) Simpson Rd Construct 4 lane arterial 2035 27,937 RIVERSIDE COUNTY Butterfield Stage Rd+PourroyRd Murrieta Hot Springs Rd SR-79 (Winchester) Construct 4 lane arterial 2035 65,351 RIVERSIDE COUNTY CherryValley Blvd Desert Lawn Dr Noble St Widen from 2 to 4 lanes 2035 18,059 RIVERSIDE COUNTY CherryValley Blvd Noble St Highland Springs Ave Construct lane arterial 2045 19,772 RIVERSIDE COUNTY CLINTON KEITH RD (PHASE III) LEON RD SR-79 CONSTRUCT LANE ARTERIAL 2022 18301 RIVERSIDE COUNTY Cook St Varner Rd Ramon Rd Construct 4 lane arterial 2040 34,035 RIVERSIDE COUNTY DILLON RD Br. at Whitewater Chnl Mountain View Widen from 2 to 4 lanes 2030 2,032 RIVERSIDE COUNTY DILLON RD Indian Ave Palm Dr Widen from 2 to 4 lanes, including a new bridge at Mission Cr. 2027 16,891 RIVERSIDE COUNTY DILLON RD Intersection of Dillon Rd & Indian Ave 4 way intersection Widen from 2 to 4 lanes 2021 1,355 RIVERSIDE COUNTY DILLON RD Intersection of Dillon Rd &amp;amp; Palm Dr Easterly Widen from 4 to 6 lanes 2031 1,355 RIVERSIDE COUNTY DILLON RD Palm Dr Mountain View Widen from 2 to 4 lanes, including intersection improvements at Dillon & Palm Dr (traffic signal improvements). 2032 8,103 RIVERSIDE COUNTY DILLON RD Whitewater Br. 1-10 Widen from 2 to 4 lanes 2025 4,512 RIVERSIDE COUNTY DILLON RD SR-86 CABAZON RD WIDEN FROM 2TO4 LANES 2030 3000 RIVERSIDE COUNTY DILLON RD MOUNTAIN VIEW RD BENNETT RD WIDEN FROM 2 TO LANES 2032 11496 RIVERSIDE COUNTY DILLON RD BENNETTRD THOUSAND PALMS CYN RD (INCLUDES BRIDGE AT WIDE CYN CHNL) WIDEN FROM 2 TO 4 LANES 2035 32506 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name c j From To c j Description la Completion Year Project Cost ($1,000's) RIVERSIDE COUNTY DILLON RD WHITEWATER BRIDGE 1-10 WIDEN FROM TO LANES 2040 2700 RIVERSIDE COUNTY DILLON RD THOUSAND PALM CYN RD SUNNY ROCK RD WIDEN FROM 2 TO 4 LANES 2040 23442 RIVERSIDE COUNTY DILLON RD SUNNY ROCK RD NORTHERN CITY LIMITS OF INDIO WIDEN FROM 2 TO 6 LANES 2040 36461 RIVERSIDE COUNTY Domenigoni Pkwy SR-79 (Winchester Rd) Warren Rd Widen from 4 to 6 lanes 2045 28,401 RIVERSIDE COUNTY Ellis Ave Post Rd SR-74 Widen from 2 to 4 lanes 2040 14,717 RIVERSIDE COUNTY Ethanac Rd SR-74 Keystone Dr Construct 4 lane arterial 2035 65,000 RIVERSIDE COUNTY Gilman Springs SH-79 (SANDERSON AVE) State St Widen from 2 to 4 lanes 2045 15,428 RIVERSIDE COUNTY Gilman Springs Rd Bridge St SH-79 (SANDERSON AVE) Widen from 2 to 4 lanes 2035 30,000 RIVERSIDE COUNTY GILMAN SPRINGS RD ALESSANDRO BVLD BRIDGE ST WIDEN FROM 2 TO 4 LANES 2035 15815 RIVERSIDE COUNTY HarleyJohn Rd Washington St Cajalco Rd Widen from 2 to 4 lanes 2040 6,072 RIVERSIDE COUNTY Horsethief Canyon Rd Temescal Canyon Rd 1-15 Widen from 2 to 4 lanes 2030 5,932 RIVERSIDE COUNTY I-15 @ new Eastern Bypass IC s/o Temecula On 1-15 s/o Temecula - Construct new Eastern Bypass/1-15 IC (4 lanes) & ramps (1 lane) and 4 lane (2 Ins each dir) easterly connecting road (approx2 miles) 2045 90,000 RIVERSIDE COUNTY 1-15 (28.36 to 29.36) at Horsethief Canyon Rd just beyond and btwn ramps Reconstruct/Widen IC from 2 to 4 lanes and reconstruct ramps 2035 56,079 RIVERSIDE COUNTY 1-15 (PM 32.60 to 33.60) at Temescal Canyon NORTH OF LAWSON RD JUST BEYOND AND BTWN RAMPS ReconstructNViden Temescal Canyon IC from 2 to 4 lanes and reconstruct ramps 2040 30,000 RIVERSIDE AT 1-215/SCOTT RD IC: WIDEN FROM 6 TO 11 LANES (7 THRU AND 4 TURN) BTWN ANTELOPE RD AND HAUN RD - RECONSTRUCT/WIDEN RAMPS - NB EXIT INCLUDING DECELERATION LN; SB ENTRY RAMP (1 TO 2 LNS); ENTRY RAMPS INCLUDE HOV LN; RAMPS INCLUDE EXTENDED ACCELERATION/DECELERATION LANES, ADD EXTENDED RIGHT -TURN LNS. - PH COUNTY 1-215 Antelope Rd. Haun Rd. II. 2038 58,573 RIVERSIDE COUNTY 1-215 Antelope Rd. Haun Rd. AT I-215/SCOTT RD IC: WIDEN FROM 6 TO 11 LANES (7 THRU AND 4 TURN) BTWN ANTELOPE RD AND HAUN RD - RECONSTRUCT/WIDEN RAMPS - NB EXIT INCLUDING DECELERATION LN; SB ENTRY RAMP (1 TO 2 LNS); ENTRY RAMPS INCLUDE HOV LN; RAMPS INCLUDE EXTENDED ACCELERATION/DECELERATION LANES, ADD EXTENDED RIGHT -TURN LNS. - PH II. 2038 25,000 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To Description Completion Year Project Cost ($1,000's) RIVERSIDE AT I-215/SCOTT RD IC. WIDEN FROM 6 TO 11 LANES (7 THRU AND 4 TURN) BTWN ANTELOPE RD AND HAUN RD - RECONSTRUCT/WIDEN RAMPS - NB EXIT INCLUDING DECELERATION LN; SB ENTRY RAMP (1 TO 2 LNS); ENTRY RAMPS INCLUDE HOV LN; RAMPS INCLUDE EXTENDED ACCELERATION/DECELERATION LANES, ADD EXTENDED RIGHT -TURN LNS. - PH COUNTY 1-215 Antelope Rd. Haun Rd. II. 2038 25,000 RIVERSIDE COUNTY 1-215 Antelope Rd. Haun Rd. AT I-215/SCOTT RD IC: WIDEN FROM 6 TO 11 LANES (7 THRU AND 4 TURN) BTWN ANTELOPE RD AND HAUN RD - RECONSTRUCT/WIDEN RAMPS - NB EXIT INCLUDING DECELERATION LN; SB ENTRY RAMP (1 TO 2 LNS); ENTRY RAMPS INCLUDE HOV LN; RAMPS INCLUDE EXTENDED ACCELERATION/DECELERATION LANES, ADD EXTENDED RIGHT -TURN LNS. - PH II. 2038 25,000 RIVERSIDE AT I-215/SCOTT RD IC: WIDEN FROM 6 TO 11 LANES (7 THRU AND 4 TURN) BTWN ANTELOPE RD AND HAUN RD - RECONSTRUCT/WIDEN RAMPS - NB EXIT INCLUDING DECELERATION LN; SB ENTRY RAMP (1 TO 2 LNS); ENTRY RAMPS INCLUDE HOV LN; RAMPS INCLUDE EXTENDED ACCELERATION/DECELERATION LANES, ADD EXTENDED RIGHT -TURN LNS. - PH COUNTY 1-215 Antelope Rd. Haun Rd. II. 2038 25,000 RIVERSIDE COUNTY 1-215 Antelope Rd. Haun Rd. AT I-215/SCOTT RD IC: WIDEN FROM 6 TO 11 LANES (7 THRU AND 4 TURN) BTWN ANTELOPE RD AND HAUN RD - RECONSTRUCT/WIDEN RAMPS - NB EXIT INCLUDING DECELERATION LN; SB ENTRY RAMP (1 TO 2 LNS); ENTRY RAMPS INCLUDE HOV LN; RAMPS INCLUDE EXTENDED ACCELERATION/DECELERATION LANES, ADD EXTENDED RIGHT -TURN LNS. - PH II. 2038 25,000 RIVERSIDE AT I-215/SCOTT RD IC: WIDEN FROM 6 TO 11 LANES (7 THRU AND 4 TURN) BTWN ANTELOPE RD AND HAUN RD - RECONSTRUCT/WIDEN RAMPS - NB EXIT INCLUDING DECELERATION LN; SB ENTRY RAMP (1 TO 2 LNS); ENTRY RAMPS INCLUDE HOV LN; RAMPS INCLUDE EXTENDED ACCELERATION/DECELERATION LANES, ADD EXTENDED RIGHT -TURN LNS. - PH COUNTY 1-215 Antelope Rd. Haun Rd. II. 2038 25,000 RIVERSIDE COUNTY 1-215 Antelope Rd. Haun Rd. AT I-215/SCOTT RD IC: WIDEN FROM 6 TO 11 LANES (7 THRU AND 4 TURN) BTWN ANTELOPE RD AND HAUN RD - RECONSTRUCT/WIDEN RAMPS - NB EXIT INCLUDING DECELERATION LN; SB ENTRY RAMP (1 TO 2 LNS); ENTRY RAMPS INCLUDE HOV LN; RAMPS INCLUDE EXTENDED ACCELERATION/DECELERATION LANES, ADD EXTENDED RIGHT -TURN LNS. - PH II. 2038 25,000 December 2019 Appendix C " RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To Description Completion Year Project Cost ($1,000's) RIVERSIDE AT I-215/SCOTT RD IC: WIDEN FROM 6 TO 11 LANES (7 THRU AND 4 TURN) BTWN ANTELOPE RD AND HAUN RD - RECONSTRUCT/WIDEN RAMPS - NB EXIT INCLUDING DECELERATION LN; SB ENTRY RAMP (1 TO 2 LNS); ENTRY RAMPS INCLUDE HOV LN; RAMPS INCLUDE EXTENDED ACCELERATION/DECELERATION LANES, ADD EXTENDED RIGHT -TURN LNS. - PH COUNTY 1-215 Antelope Rd. Haun Rd. II. 2038 25,000 RIVERSIDE COUNTY 1-215 Antelope Rd. Haun Rd. AT I-215/SCOTT RD IC: WIDEN FROM 6 TO 11 LANES (7 THRU AND 4 TURN) BTWN ANTELOPE RD AND HAUN RD - RECONSTRUCT/WIDEN RAMPS - NB EXIT INCLUDING DECELERATION LN; SB ENTRY RAMP (1 TO 2 LNS); ENTRY RAMPS INCLUDE HOV LN; RAMPS INCLUDE EXTENDED ACCELERATION/DECELERATION LANES, ADD EXTENDED RIGHT -TURN LNS. - PH II. 2038 25,000 RIVERSIDE AT I-215/SCOTT RD IC: WIDEN FROM 6 TO 11 LANES (7 THRU AND 4 TURN) BTWN ANTELOPE RD AND HAUN RD - RECONSTRUCT/WIDEN RAMPS - NB EXIT INCLUDING DECELERATION LN; SB ENTRY RAMP (1 TO 2 LNS); ENTRY RAMPS INCLUDE HOV LN; RAMPS INCLUDE EXTENDED ACCELERATION/DECELERATION LANES, ADD EXTENDED RIGHT -TURN LNS. - PH COUNTY 1-215 Antelope Rd. Haun Rd. II. 2038 25,000 RIVERSIDE COUNTY 1-215 Antelope Rd. Haun Rd. AT I-215/SCOTT RD IC: WIDEN FROM 6 TO 11 LANES (7 THRU AND 4 TURN) BTWN ANTELOPE RD AND HAUN RD - RECONSTRUCT/WIDEN RAMPS - NB EXIT INCLUDING DECELERATION LN; SB ENTRY RAMP (1 TO 2 LNS); ENTRY RAMPS INCLUDE HOV LN; RAMPS INCLUDE EXTENDED ACCELERATION/DECELERATION LANES, ADD EXTENDED RIGHT -TURN LNS. - PH II. 2038 25,000 RIVERSIDE COUNTY 1-215 (PM 35.92 to 36.92) at Alessandro Blvd btwn BNSF &amp; Old 215 Frontage Road Widen/reconstruct IC from 4 to 6 lanes and reconstruct/widen ramps 2045 30,000 RIVERSIDE COUNTY INDIAN AVE 14th Ave Pierson Blvd Widen from 2 to 6 lanes 2040 6,895 RIVERSIDE COUNTY INDIAN AVE 18th Ave Dillon Rd Widen from 2 to 4 lanes 2021 13,265 RIVERSIDE COUNTY INDIAN AVE 20th Ave 18th Ave Widen from 2 to 4 lanes 2021 3,028 RIVERSIDE COUNTY INDIAN AVE Dillon Rd 14th Ave Widen from 2 to 6 lanes 2040 7,574 RIVERSIDE COUNTY INDIAN AVE Intersection of Indian Ave and 20th Ave Northerly Widen from 4 to 6 lanes 2021 1,158 RIVERSIDE COUNTY INDIAN AVE 20TH AVE DILLON RD WIDEN FROM 4 TO 6 LANES 2040 15000 December 2019 Appendix C RIVERSIDE COMMISSION TRANSPORTATION COMM15S30N L'ii'-''S 11111111111111111111!LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To Description Completion Year Project Cost ($1,000's) RIVERSIDE COUNTY McCall Blvd Menifee Rd SR-79 (Winchester) Construct 2 lane arterial incl. grade separation over BNSF RR (Grade sep portion is not part of grade sep list and should remain here) 2045 116,629 RIVERSIDE COUNTY McCall Blvd SR- 79(Winchester Rd) Warren Rd Construct 2 lane arterial incl. grade separation over BNSF RR - grade sep portion is not part of grade sep list and should remain in the arterial section. 2045 43,699 RIVERSIDE COUNTY MOUNTAIN VIEW Dillon Rd 20th Ave Widen from 2 to 4 lanes 2031 6,821 RIVERSIDE COUNTY Murrieta Hot Springs Rd PourroyRd SR-79 (Eastern Bypass) Construct 4 lane arterial 2035 15,673 RIVERSIDE COUNTY Nuevo Rd Dunlap Dr Menifee Rd Widen from 2 to 6 lanes 2035 45,000 RIVERSIDE COUNTY RAMON RD Intersection of Ramon Rd &amp;amp; Varner Rd Date Garden Dr. Widen from 4 to 6 lanes 2040 302 RIVERSIDE COUNTY RAMON RD MontereyAve Thousand Palms Cyn Rd Widen from 2 to 4 lanes 2040 22,466 RIVERSIDE COUNTY Ramona Expwy Pico Ave Bridge St Widen from 2 to 6 lanes 2040 80,945 RIVERSIDE COUNTY Ramona Expwy Rider St Pico Ave Widen from 4 to 6 lanes 2035 5,661 RIVERSIDE COUNTY S VALLEY PKWY HARRISON ST TYLER ST (MISSING LINK) CONSTRUCT LANE ARTERIAL 2043 9584 RIVERSIDE COUNTY S VALLEY PKWY TYLER ST POLK ST (MISSING LINK) CONSTRUCT 4 LANE ARTERIAL 2044 10562 RIVERSIDE COUNTY S VALLEY PKWY/AVE 60 MONROE ST JACKSON ST WIDEN FROM 2 TO LANES 2040 4494 RIVERSIDE COUNTY S VALLEY PKWY/AVE 60 JACKSON ST VAN BUREN ST WIDEN FROM 2 TO LANES 2041 4741 RIVERSIDE COUNTY S VALLEY PKWY/AVE 60 VAN BUREN ST HARRISON ST WIDEN FROM TO LANES 2042 5269 RIVERSIDE COUNTY Scott Rd El Centro SR-79 (Winchester Rd) IN RIVERSIDE COUNTY NEAR MURRIETA RECONSTRUCT AND WIDEN SCOTT ROAD FROM 2 TO 6 LANES BETWEEN EL CENTRO AND SR79 (WINCHESTER RD) 2035 26,511 RIVERSIDE COUNTY SR-111 Ave 66 / SR86 IC btwn w/o Buchanan St and e/o SR86 CONSTRUCT NEW IC AND RAMPS AND WIDEN OC FROM 2 TO 6 LANES 2040 68,423 RIVERSIDE COUNTY SR-74 1-15 Ethanac Rd Widen from 4 to 6 lanes 2035 29,799 RIVERSIDE COUNTY SR-74 (Ethanac) Matthews Rd SR-79 (Winchester) WIDEN FROM 2 TO 6 LANES IN THE CITY OF MENIFEE (MATTHEWS TO BRIGGS). WIDEN FROM TO LANES IN RIVERSIDE COUNTY (BRIGGS TO SR-79). 2045 24,109 RIVERSIDE COUNTY SR-79 Hunter Rd Domenigoni Pkwy Widen from 4 to 6 lanes 2030 124,803 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To Description Completion Year Project Cost ($1,000's) RIVERSIDE COUNTY SR-79 (Eastern Bypass) SR79 (Winchester Rd near Scott Rd) 1-15 Construct 4 lane arterial 2040 411,389 RIVERSIDE COUNTY Temescal Canyon Rd El Cerrito Rd. TOM BARNES ST Widen from 2 to 4 lanes 2025 20,700 RIVERSIDE COUNTY Temescal Canyon Rd Indian Truck Trail New Temescal Wash, 0.22 mi. W/O Lake St. Widen from 2 to 4 lanes 2035 30,002 RIVERSIDE COUNTY TEMESCAL CANYON RD TOM BARNES ST DOS LAGOS DR WIDEN FROM 2 TO LANES 2017 12000 RIVERSIDE COUNTY TEMESCAL CANYON RD DOS LAGOS DR 1-15 WIDEN FROM TO LANES 2020 24644 RIVERSIDE COUNTY TEMESCAL CANYON RD 1-15 INDIAN TRUCK TRAIL WIDEN FROM 2 TO 4 LANES 2030 40000 RIVERSIDE COUNTY TWO BUNCH PALMS TR Indian Ave Little Morongo Rd Construct 4 lane arterial 2045 17,235 RIVERSIDE COUNTY Van Buren Blvd Mockingbird Canyon Rd Wood Rd Widen from 4 to 6 lanes 2022 14,709 RIVERSIDE COUNTY Van Buren Blvd Orange Terrace Pkwy Opportunity Way Widen from 4 to 6 lanes 2025 3,983 RIVERSIDE COUNTY VAN BUREN ST Indio Blvd Ave 48 Widen the east side of Van Buren from 2 to 3 lanes. 2038 6,117 RIVERSIDE COUNTY VARNER RD Washington St Adams St Widen from 3 to 4 lanes 2037 1,536 RIVERSIDE COUNTY Washington St Hermosa Dr Harley John Rd Widen from 2 to 4 lanes 2040 19,460 RIVERSIDE COUNTY WASHINGTON ST DEL WEBB BLVD/LAS MONTANAS RD AVE 38 WIDEN FROM TO LANES 2030 5000 RIVERSIDE COUNTY WASHINGTON ST COYOTE SONG WAY THOUSAND PALMS CYN RD WIDEN FROM 2 TO 4 LANES 2040 9270 RIVERSIDE COUNTY Wood Rd Krameria Ave Cajalco Rd Widen from 2 to 4 lanes 2035 14,137 RIVERSIDE COUNTY TRANSPORTA TION COMMISSION (RCTC) 91/Perris Valley Line Various Metrolink Stations Countywide Various Metrolink Stations Countywide State of Good Repair Improvements at RCTC- owned stations, including but not limited to pavement rehab, platform and passenger drop off enhancements, facility painting projects, elevator maintenance, and safety related projects. 2030 140000 RIVERSIDE COUNTY TRANSPORTA TION COMMISSION (RCTC) 91/Perris Valley Line Riverside- Downtown Metrolink Station Riverside- Downtown Metrolink Station Riverside -Downtown Station Improvements - Install an additional center platform and siding track, extend the existing pedestrian overpass and construct an additional elevator for ADA compliance. (SCORE Project) 2027 42000 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To Description Completion Year Project Cost ($1,000's) RIVERSIDE COUNTY TRANSPORTA TION COMMISSION (RCTC) 91/ Perris Valley Line Moreno Valley/ March Field Metrolink Station Moreno Valley/ March Field Metrolink Station Moreno Valley/ March Station Improvement- station upgrade with additional platform and a pedestrian overpass. 2027 41000 RIVERSIDE COUNTY TRANSPORTA TION COMMISSION (RCTC) 91/ Perris Valley Line Perris South Metrolink Station Perris South Metrolink Station Perris South Metrolink Station Improvements - addition of a second track and platform through station, starting east of the San Jacinto River; including a fourth layover track at the South Perris layover facility. 2030 18000 RIVERSIDE COUNTY TRANSPORTA TION COMMISSION (RCTC) 91/ Perris Valley Line CP Eastridge (MP 72.2) CP Nuevo (MP 81.4) PVL 2nd Main Track Project including approx9 miles of second main track from Control Point Eastridge (MP 72.2) to Control Point Nuevo (MP 81.4) 2030 20000 RIVERSIDE COUNTY TRANSPORTA TION COMMISSION 91/ Perris Valley Various Metrolink Stations Various Metrolink Stations (RCTC) Line Countywide Countywide Parking lot evansion projects 2045 RIVERSIDE COUNTY TRANSPORTA TION COMMISSION (RCTC) 91/ Perris Valley Line Extension Perris Temecula Metrolink 91/ PVL extension from Perris to Temecula 2045 RIVERSIDE COUNTY TRANSPORTA TION COMMISSION (RCTC) 91/ Perris Valley Line Extension Corona Lake Elsinore Metrolink 91/ PVL extension from Corona to Lake Elsinore 2045 RIVERSIDE COUNTY TRANSPORTAT ION COMMISSION (RCTC) EAST -WEST CORRIDOR 1-15 1-215 CETAP: PROVIDE NEW EAST -WEST TRANSPORTATION CORRIDOR BETWEEN 1-15 IN THE WEST, I-215 IN THE EAST, SOUTH OF LAKE MATHEWS IN THE NORTH, AND SR 74 IN THE SOUTH. 2045 2,367,661 RIVERSIDE COUNTY TRANSPORTAT ION COMMISSION (RCTC) Economic Development Western County Infrastructure and facility improvements incentives 2039 45,604 December 2019 Appendix C RIVERSIDE COMMISSION TRANSPORTATION COMM15S30N L'ii'-''S IIIIIIIIIIIIIIIIIIIIM!LONG RANGE TRANSPORTATION STUDY Lead Agency la0 Route Name From To Description Completion Project Cost Year ($1,000's) RIVERSIDE COUNTY TRANSPORTAT ION COMMISSION (RCTC) Freeway Service Patrol Riverside County Freeway Service Patrol 2025 30,000 RIVERSIDE COUNTY TRANSPORTAT ION COMMISSION (RCTC) 1-10 San Bernardino County Line Jct 1-10/SR60 ON 1-10 NEAR BEAUMONT: ADD/CONSTRUCT NEW EASTBOUND TRUCK CLIMBING LANE FROM SAN BERNARDINO COUNTY LINE TO I-10/ SR60 JCT (EA 35300) 2028 35,709 RIVERSIDE COUNTY TRANSPORTAT ION COMMISSION (RCTC) 1-10/SR-60 Jct/Sp1it SR60/1-10 Jct/Sp1it Construct new interchange 2030 282,443 RIVERSIDE COUNTY TRANSPORTA TIO N COMMISSION (RCTC) 1-15 CAJALCO ROAD CONSTRUCT 1 EXPRESS LN NORTHBOUND FROM BEDFORD CANYON WASH TO CAJALCO ROAD (APPROX. 2000'). CONSTRUCT 1 AUXILIARY LN SOUTHBOUND FROM CAJALCO ROAD TO WEIRICK ROAD. 2025 28000 RIVERSIDE COUNTY TRANSPORTAT ION COMMISSION (RCTC) Intelligent Transportation System Countywide ITS Inland Empire Lump Sum (Grade Crossing Improvements, IE 511, Regional Mobility Manager, GIS, etc.) 2039 77,774 RIVERSIDE COUNTY TRANSPORTAT ION COMMISSION (RCTC) Metrolink Commuter Rail Countywide Countywide Metrolink 1mprovements(track and rolling stock) 2035 10,000 RIVERSIDE COUNTY TRANSPORTAT ION COMMISSION (RCTC) Park & Ride Facilities Countywide Countywide Park & Ride facilities in Riverside County 2030 50,000 RIVERSIDE COUNTY TRANSPORTAT ION COMMISSION (RCTC) Perris Valley Line Extension to San Jacinto City of Perris City of San Jacinto METROLINK PERRIS VALLEY LINE COMMUTER RAIL EXTENSION FROM PERRIS TO SAN JACINTO (-16.5 MILES), STATIONS AT WINCHESTER RD (SR-79 @ ASBURYST), HEMET AIRPORT (SANDERSON AVE @ STETSON RD), SAN JACINTO (STATE ST @ 7TH ST) 2035 256,007 RIVERSIDE COUNTY TRANSPORTA TION COMMISSION (RCTC) SR-60 1-15 CONSTRUCT EXPRESS LNS (1 LN EADIR) FROM I-15 TO I-215/SR-91 INTERCHANGE. 2033 187000 December 2019 Appendix C " RIVERSIDE COMMISSION TRANSPORTATION COMM15S30N L'ii'-''S 11111111111111111111!LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To Description Completion Project Cost Year ($1,000's) CONSTRUCT EXPRESS LNS (2 LN EA DIR) RIVERSIDE COUNTY TRANSPORTAT ION COMMISSION (RCTC) SR-60/I-215 SR-91/SR-60/I- 215 Interchange FROM SR-91/SR-60/1-215 INTERCHANGE TO SR - 60/1-215 INTERCHANGE. CONSTRUCT 2 EXPRESS LNS (1 LN EA DIR) FROM SR-60/I-215 INTERCHANGE TO GILMAN SPRINGS ROAD (SR - 60). CONSTRUCT 2 EXPRESS LNS (1 LN EA DIR) FROM SR-60/I-215 INTERCHANGE TO VAN BUREN BLVD (1-215). 2028 429000 RIVERSIDE COUNTY TRANSPORTAT ION COMMISSION (RCTC) SR-71 SR-91 San Bernardino County Line Widen to 3 MF lanes each direction 2030 177,132 RIVERSIDE COUNTY TRANSPORTAT ION COMMISSION (RCTC) SR-91 SR-241 Pierce IN WESTERN RIVERSIDE COUNTY ON SR-91/I- 15: ON 1-15 - ADD TOLL EXPRESS LANE MEDIAN DIRECT CONNECT FROM SB15 TO WB91 & EB91 TO NB15, 1 TOLL EXPRESS LANE EACH DIRECTION FROM HIDDEN VALLEY TO SR91 DIRECT CONNECTOR. CONSTRUCT OPERATIONAL IMPROVEMENT AND AUXILARY LANE ALONG SR91. CONSTRUCT ADDITIONAL SIGNAGE ALONG SR91 AT PM R18.0 IN OR COUNTY. 2022 180,000 RIVERSIDE COUNTY TRANSPORTA TION COMMISSION (RCTC) SR-91 1-15 CONSTRUCT EXPRESS LNS (1 LN EA DIR) FROM I-15 TO I-215/SR-60 INTERCHANGE. 2030 262000 RIVERSIDE COUNTY TRANSPORTA TION COMMISSION (RCTC) SR-91 GREEN RIVER ROAD CONSTRUCT AUXILIARY LN WESTBOUND FROM GREEN RIVER ROAD TO SR-241 2021 50000 RIVERSIDE COUNTY TRANSPORTAT ION COMMISSION (RCTC) Transportation Demand Management Countywide Countywide Riverside County Transportation Demand Management: Rdeshare programs, incentives, vanpool program (vanpool lease, asset management, consultants, other), program outreach, etc. 2026 16,000 RIVERSIDE TRANSIT AGENCY 40' Buses (Directly- Operated) Expansion Western Riverside County Western Riverside County 40' bus expansion - equipment for transit service expansion as population and urban development grows throughout the RTAservice area that will improve frequency, schedule adherence, and extensions of existing bus routes. 2028 21,466 RIVERSIDE TRANSIT AGENCY 40' Buses (Directly- Operated) Raplacement Western Riverside County Western Riverside County 40' bus replacements - equipment for transit service sustainabilitythroughout the RTA service area with operational levels from 10-min. to 60- min. headways. 2026 328,254 RIVERSIDE TRANSIT AGENCY Associated Transit Enhancements Western Riverside County Service Area Western Riverside County Bus stop enhancements with support equipment, related amenities, and landscaping to keep pace with new technology in the areas of customer conveniences, safety, environmental improvements, accessibility, and aesthetic value. 2045 17,500 December 2019 Appendix C RIVERSEDE COUNT' TRANSPORTATION COMMISSION LRTS TANG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To c j Description Completion Year Project Cost ($1,000's) RIVERSIDE TRANSIT AGENCY High Quality Transit Cooridor Infrastructure Improvements Western Riverside County Western Riverside County High Quality Transit Corridor lnstrastructurefor RTAs additional RapidLink routes. Plan for land acquisition, environmental clearance, architectural & engineering, and construction. 2045 10,000 RIVERSIDE TRANSIT AGENCY High Quality Transit Corridor Riverside/Moren o Valley/Perris Riverside Perris Planning and development for High Quality Transit service between Riverside, Moreno Valley, and Perris, including but not limited to, rolling stock, transit signal priority, and enhanced stop infrastructure. 2035 25,000 RIVERSIDE TRANSIT AGENCY Multimodal Transit Center City of Riverside Cityof Riverside Engineering and Construction of Multimodal Transit Center 2030 25,000 RIVERSIDE TRANSIT AGENCY Non -Revenue Support Cars Expansion Western Riverside County Western Riverside County Non -revenue support cars expansion. 2028 102 RIVERSIDE TRANSIT AGENCY Non -Revenue Support Cars Replacement Western Riverside County Western Riverside County Non -revenue support cars replacement. 2045 6,120 RIVERSIDE TRANSIT AGENCY Non -Revenue Support Trucks Western Riverside County Western Riverside County Non -revenue support trucks expansion. 2045 1,876 RIVERSIDE TRANSIT AGENCY Non -Revenue Support Trucks Replacement Western Riverside County Western Riverside County Non -revenue support trucks replacement 2045 4,691 RIVERSIDE TRANSIT AGENCY Operating & Maintenance Facilities/Suppo rt Infrastructure Master Plan and Implementation Western Riverside County Western Riverside County Prepare Operating & Maintenance Facilities/Support Infrastructure Master Plan to meet future public transit needs of RTA's service area. Support Infrastructure includes but is not limited to a solar power plant, charging stations, and related equipment to introduce zero emission buses, vans, and support vehicles. Implementation includes planning, land acquisition, environmental clearance, architectural & engineering, and construction. 2045 50,000 RIVERSIDE TRANSIT AGENCY Regional Flyer Vehicle Fleet Western Riverside County Western Riverside County Buses for express and rapid bus service expansion of RTA. 2030 17,600 RIVERSIDE TRANSIT AGENCY San Jacinto Mobility Hub IN WESTERN RIVERSIDE COUNTY FOR RTA PLANNING, ENVIRONMENTAL CLEARANCE, ENGINEERING AND CONSTRUCTION OF TRANSIT HUB IN THE DOWNTOWN AREA OF THE CITY OFSANJACINTO 2035 200 RIVERSIDE TRANSIT AGENCY Technology Infrastructure Upgrade and Modernization Western Riverside County Western Riverside County Consistent with the Technology Strategic Plan, system upgrades, real time passenger information, fare collection, and operations management technologies. 2045 5,000 RIVERSIDE TRANSIT AGENCY Transit Center in Banning/Beaum ont/Cabazon area Banning/ Beaumont/ Cabazon area Banning/ Beaumont/ Cabazon area Regional transit center for mass transit service in western Riverside County in the vicinityof I-10 and I 60junction. 2035 8,000 RIVERSIDE TRANSIT AGENCY Transit Center in Lake Elsinore/Canyo n Lake area Lake Elsinore/Canyo n Lake Lake Elsinore/Canyo n Lake Regional transit center for mass transit service in central western Riverside County along 1-15 corridor. 2031 7,000 RIVERSIDE TRANSIT AGENCY Transit Center in Moreno Valley Moreno Valley Moreno Valley Regional Transit Center for mass transit service in western Riverside County in the Moreno Valley vicinity, south of SR-60 east of the 1-215 corridor. 2035 6,000 December 2019 Appendix C RIVERSEDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To c j Description Elt Completion Year Project Cost ($1,000'0 t RIVERSIDE TRANSIT AGENCY Transit Center Rehabilitation and Modernization Western Riverside County Western Riverside County Maintenance, upgrade, potential of expansion, and introduction of new technologyfor nine transit centers. 2045 20,000 RIVERSIDE TRANSIT AGENCY Trolley Bus Expansion Western Riverside County Western Riverside County Trolley bus eNpansion for transit service improvements, including but not limited to, frequency enhancements, schedule adherence, and extension of existing bus routes 2040 2,938 RIVERSIDE TRANSIT AGENCY Trolley Bus Replacement Western Riverside County Western Riverside County Replacement trolley buses for transit sustainability throughout the RTA service area with operational levels from 10-min to 60-min headways. 2036 3,526 RIVERSIDE TRANSIT AGENCY Type II Buses (Dial -,-Ride) Expansion Western Riverside County Western Riverside County Expansion equipment for paratransit (Dial -A -Ride) transit service as population and urban development grows throughout RTAs service area. 2045 6,460 RIVERSIDE TRANSIT AGENCY Type II Buses (Dial-f-Ride) Replacement Western Riverside County Western Riverside County Replacement partransit (Dial -/-Ride) Type II buses for transit service sustainabilitythroughout the RTA service area. 2045 77,778 RIVERSIDE TRANSIT AGENCY Type VII Buses (Contract- Operated) Expansion Western Riverside County Western Riverside County Type VII bus expansion - equipment for transit service expansion as population and urban development grows throughout the RTA service area that will improve frequency, schedule adherence, and extensions ofepsting bus routes. 2045 3,682 RIVERSIDE TRANSIT AGENCY Type VII Buses (Contract- Operated) Replacement Western Riverside County Western Riverside County Type VII bus replacements - equipmentfortransit service sustainabilitythroughout the RTA service area with operational levels from 10-min. to 60- min. headways. 2045 149,830 RIVERSIDE, CITY OF ADAMS ST INDIANAAVE LINCOLN ST GRADE SEPARATION -4 LANES OVER BNSF RR 2035 160,856 RIVERSIDE, CITY OF Arlington Ave Magnolia Ave Alessandro Blvd Widen from 4 to 6 lanes 2026 13,494 RIVERSIDE, CITY OF Canyon Crest Dr CountryClub Via Vista Widen 2 to 4 lanes 2026 8,000 RIVERSIDE, CITY OF Central Ave Magnolia Ave SR91 Widen from 4 to 6 lanes btwn SR-91 and Magnolia 2026 2,730 RIVERSIDE, CITY OF CHICAGOAV THORTON ST COLUMBIA AVE GRADE SEPARATION - 4 LANES OVER BNSF RR TRACKS 2035 145,786 RIVERSIDE, CITY OF Iowa Ave North City Limit Blaine St Widen from 4 to 6lanes 2026 8,559 RIVERSIDE, CITY OF Overlook Pkwy Chateau Ridge Ln Sandtrack Rd Construct missing 4 lane links 2026 10,000 RIVERSIDE, CITY OF PIERCE ST MAGNOLIAAVE INDIANAAVE GRADE SEPARATION - 3 LANES OVER BNSF RR TRACKS 2030 49,848 RIVERSIDE, CITY OF SPRUCE ST (BNSF) SR-91 1-215 GRADE SEPARATION - 4 LANES OVER BNSF RR TRACKS 2035 60,000 RIVERSIDE, CITY OF SR-60 (PM 11.23 to 12.23) at Main St btwn Russell St &amp;amp; Stoddard Ave Reconstruct/widen IC and reconstruct/widen ramps, channelization improvements 2030 20,304 RIVERSIDE, CITY OF SR-91 (PM 12.9 to13.1) at Tyler St btwn Diana Ave &amp; Indiana Ave Reconstruct/widen IC and reconstruct/widen ramps 2030 75,000 RIVERSIDE, CITY OF SR-91 (PM 15.40 to 15.70) at Adams St btwn Diana Ave &amp; Indiana Ave Reconstruct/widen IC and reconstruct/widen ramps 2025 76,000 RIVERSIDE, CITY OF TYLERST SR-91 COMANCHE AVE GRADE SEPARATION - 4 LANES OVER BNSF RR TRACKS 2030 124,620 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Cl Route Name From To c j Description Completion Year Project Cost ($1,000's) RIVERSIDE, CITY OF Tyler St Wells Ave Arlington Ave Widen from 2 to 4 lanes 2026 5,650 RIVERSIDE, CITY OF VAN BUREN BLVD AudreyAve GARFIELD WIDEN FROM 4 TO 6 LANES 2026 20,000 RIVERSIDE, CITY OF Washington St Victoria Ave Hermosa Dr Widen from 2 to 4 lanes 2026 7,732 RIVERSIDE, CITY OF Wood Rd John F Kennedy Dr Van Buren Blvd Widen from 2 to 4 lanes 2026 4,445 SAN JACINTO Cawston Ave Cottonwood Ave. Ramona Expway Construct lane arterial 2040 4,500 SAN JACINTO COTTONWOOD AVE WARREN ROAD KIRBYST WIDEN FROM 3 TO 4 LANES (NO. SIDE =2; SO. SIDE=1) 2030 SAN JACINTO COTTONWOOD AVE SANDALWOOD LYON AVE WIDEN FROM 3 TO 4 LANES (NO. SIDE =2; SO. SIDE=1) 2030 SAN JACINTO COTTONWOOD AVE LYON AVE STATE ST WIDEN FROM 2 TO 4 LANES 2030 SAN JACINTO Esplanade Ave Parkside Ln. Warren Rd Widen from 2 to 4 lanes 2025 10,553 SAN JACINTO Hewitt St Main St South City Limit Widen from 2 to 4 lanes 2030 4,362 SAN JACINTO Palm Ave Esplanade Ave Seventh St Widen from 2 to 4 Lanes 2030 3,000 SAN JACINTO Palm Ave Seventh St De Anza Dr. Widen from 2 to 4 lanes 2022 6,836 SAN JACINTO Ramona EN:wy (Phase III) Eagle Rd Lake Park Dr Widening from 4 to 6 lanes 2030 11,716 SAN JACINTO San Jacinto Ave. North Ramona Blvd 7th St Widen from 2 to 4 lanes 2022 9,108 SAN JACINTO Seventh St Cawston Ave Ramona ENDway (currently Mountain Ave.) Widen from 2 to 4 lanes 2030 16,168 SAN JACINTO Seventh St 600' W/O Melena Ln. Warren Rd Construct 4 lane arterial 2030 9,970 SAN JACINTO SEVENTH ST CAWSTON AVE LAUREN LN WIDENING FROM TO LANES 2030 SAN JACINTO Soboba Rd Casino Entrance Chabela Dr. Widen from 2 to 4 lanes 2030 5,469 SAN JACINTO State St Gillman Springs Rd Quandt Ranch Rd Widen from 2 to 4 lanes 2025 7,120 SAN JACINTO Warren Rd Ramona Expwy Esplanade Ave Widen from 2 to 4 lanes 2025 6,000 SUNLINE TRANSIT AGENCY Associated Transit Enhancements Coachella Valley Coachella Valley Purchase more amenities for installation at bus stops throughout the service area based on recommendations from the COA 2025 6,214 SUNLINE TRANSIT AGENCY Bus Rapid Transit Coachella Valley Coachella Valley Implement Bus Rapid Service/BRTon Highway 111 based on recommendations in the Comprehensive Operational Analysis conducted in 2005/06. Project will entail completing feasibility study and working with the local jurisdictions on various activities prior to implementing project. 2030 15,493 SUNLINE TRANSIT AGENCY Capitalized Preventative Maintenance Coachella Valley Coachella Valley Equipment for continued facility maintenance, repair and replacement. 2025 331 SUNLINE TRANSIT AGENCY Expansion Bus Purchases Coachella Valley Coachella Valley Purchase additional buses for service improvements, including service realignment and service expansion. 2025 12,260 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To Description Completion Year Project Cost ($1,000's) SUNLINE TRANSIT AGENCY GFlfareboxes, Smartcards, Security Systems Coachella Valley Coachella Valley Install security systems in SunLine buses and acquire new fareboxes with smartcard technology and capabilities. 2025 2,978 SUNLINE TRANSIT AGENCY Land Acquistion Coachella Valley Coachella Valley Acquire land to meet agencys future growth 2025 5000 SUNLINE TRANSIT AGENCY Miscellaneous Maintenance Equipment Coachella Valley Coachella Valley Purchase various maintenance equipment for the Maintenance Department. 2025 200 SUNLINE TRANSIT AGENCY New Information Technology (IT) Project Coachella Valley Coachella Valley Purchase and implementation of new IT equipment. 2025 300 SUNLINE TRANSIT AGENCY New Intelligent Transportation Systems (ITS) Program Coachella Valley Coachella Valley Purchase and implementation of new ITS equipment. 2025 1,500 SUNLINE TRANSIT AGENCY New Maintenance and Operations Facilityat Division II in Indio, CA Indio Indio Construct new operations and maintenance facility at the Indio Division to accommodate existing and expansion fleet. Current facility has reached its useful life and repairing the existing facility is no longer cost effective. 2025 20,000 SUNLINE TRANSIT AGENCY New Operations and Maintenance Facilityat Thousand Palms Division Thousand Palms Thousand Palms Construct new facility at Thousand Palms location to accommodate existing and expansion fleet as the current facility is nearing the end of its useful life. 2025 45,000 SUNLINE TRANSIT AGENCY Non -Revenue Support Vehicles Coachella Valley Coachella Valley Purchase of replacement and expansion vehicles that will be used as relief vehicles for SunLine drivers at the beginning or ending of their shifts in mid -route. 2025 200 SUNLINE TRANSIT AGENCY Paratransit Service Improvements Coachella Valley Coachella Valley Service improvements for seniors and persons with disabilities. 2025 23,908 SUNLINE TRANSIT AGENCY Park -and -Ride Lots Coachella Valley Coachella Valley Acquire property and construct Park and Ride Lots 2030 17,805 SUNLINE TRANSIT AGENCY Preventive Maintenance Coachella Valley Coachella Valley Purchase vehicle parts and payfor labor cost associated with ongoing maintenance of revenue vehicles 2040 2,278 SUNLINE TRANSIT AGENCY Replacement Bus Purchases Coachella Valley Coachella Valley Purchase additional replacement buses for fixed route and paratransit services. The additional vehicles will consist of 60ft, 45ft, 40ft, 32 ft, and 30ft buses. 2025 14,120 SUNLINE TRANSIT AGENCY Transfer Location Improvement Coachella Valley Coachella Valley Facility Improvement to accommodate additional service routes based on recommendation from Comprehensive Operational analysis 2025 7,574 SUNLINE TRANSIT AGENCY Transit Centers Coachella Valley Coachella Valley Construct transit centers (west, central, and east valley) in Coachella Valley. Locations to be determined. 2025 10,267 SUNLINE TRANSIT AGENCY Transit Service Improvements Coachella Valley Coachella Valley Service improvements to current and future routes which includes but not limited to improving frequency, schedule adherence, extension of existing routes 7400 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To c j Description Completion Year Project Cost ($1,000's) SUNLINE TRANSIT AGENCY Warehouse Replacement Thousand Palms Thousand Construct new parts warehouse building and tire Palms storage building at Thousand Palm Location 2025 2400 SUNLINE TRANSIT AGENCY West Coast Center of Excellence Facility at Division I in Thousand Palms, CA Thousand Palms Thousand Palms Construct new training facillityto train and educate students in transit, hydrogen, CNG, and administration industry. 2025 7,000 TBD Barton Drive Camino Del Sol Grove Community Dr CONSTRUCT EXTENSION OF 2-LANE LOCAL CONNECTOR ON BARTON DR FROM CAMINO DEL SOL TO GROVE COMMUNITY DR. 2024 4,000 TBD Barton Drive Camino Del Sol Grove Community Dr CONSTRUCT EXTENSION OF 2-LANE LOCAL CONNECTOR ON BARTON DR FROM CAMINO DEL SOL TO GROVE COMMUNITY DR. 2024 4,000 TBD Cactus Ave Meridian Pkwy Barton Dr CONSTRUCT EXTENSION OF CACTUS AVE FROM MERIDIAN PKWYTO BARTON DR WITH 4- LANE ARTERIAL WITH CENTER MEDIAN. 2024 6,800 TBD Cactus Ave Meridian Pkwy Barton Dr CONSTRUCT EXTENSION OF CACTUS AVE FROM MERIDIAN PKWYTO BARTON DR WITH 4- LANE ARTERIAL WITH CENTER MEDIAN. 2024 6,800 TBD San Gorgonia Ave Alessandro Blvd Cactus Ave CONSTRUCT EXTENSION OF SAN GORGONIO DR FROM ALESSANDRO BLVD TO CACTUS AVE WITH 4-LANE ARTERIAL WITH CENTER MEDIAN. 2024 4,000 TBD San Gorgonia Ave Alessandro Blvd Cactus Ave CONSTRUCT EXTENSION OF SAN GORGONIO DR FROM ALESSANDRO BLVD TO CACTUS AVE WITH 4-LANE ARTERIAL WITH CENTER MEDIAN. 2024 4,000 TEMECULA AVENIDADE MISSIONES TEMECULA CREEK BRIDGE EXTENSION OFAVENIDADE MISSION ES FROM VIARIOTEMECULATOLOMALINDAROAD OVER TEMECULA CREEK 2045 17000 TEMECULA Diaz Road (Western Bypass) Dendy Parkway Rancho California Rd WIDEN DIAZ ROAD FROM RANCHO CALIFORNIA RD TO DENDY PARKWAY (CHERRY ST.) FROM 2 TO LANES 2023 10,000 TEMECULA Diaz Road (Western Bypass) North City Limits Winchester Road Dendy Parkway Construct 4 lane arterial 2023 3,025 TEMECULA FRENCH VALLEY (WESTERN BYPASS SEGMENT 1) AT CHERRY ST. DIAZRD JEFFERSON AVE CONSTRUCT 6 LANE ARTERIAL (INCLUDING BRIDGE AT MURRIETA CREEK) 2035 20,353 TEMECULA 1-15 (PM 4.48 to 5.48) at I-15/Rancho California btwn Ynez Rd and Jefferson Ave Reconfigure 4 to 6 lane IC and ramps at I-15 and Rancho California. Type of lanes for arterial widening will be through lanes. 2035 59,124 TEMECULA JCT.1-15/1-215 JCT.I-15/1-215 Riverside County/San Diego County Line CONSTRUCT MIXED FLOW LNS (1 LN EADIR) AND 2 HOV LNS (1 LN EA DIR) FROM JCT. 1-15/1- 215 TO RIVERSIDE COUNTY/SAN DIEGO COUNTY LINE TEMECULA LA PAZ STREET YNEZ RD. TEMECULA PARKWAY WIDEN FROM 2 TO 4 LANES 2025 2500 TEMECULA PECHANGA PARKWAY DEER HOLLOW WAY VIA GILBERTO RD. WIDEN FROM 4 TO 6 LANES 2023 10000 TEMECULA RAINBOW CYN RD. PECHANGA PARKWAY CITY LIMIT WIDEN FROM 2 TO 4 LANES 2035 8000 December 2019 Appendix C RIVERSIDE COUNT' TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Lead Agency Route Name From To c j Description Completion Year Project Cost ($1,000's) TEMECULA Rancho California Rd Jefferson Ave Margarita Rd Widen from 4 to 6 lanes 2035 14,408 TEMECULA Rancho Way Diaz Rd. Margarita Rd. Construct Rancho Way- 4 lane local arterial from Diaz Rd. to Margarita Rd. 2035 52,483 TEMECULA SR-79 South (Temecula Pkwy) 1-15 Pechanga Pkwy Widen from 6 to 8 lanes 2023 2,164 TEMECULA YnezRd Rancho Vista Rd La Paz St Widen from 2 to 4 lanes 2020 3,701 VARIOUS AGENCIES Arterial Improvements Coachella Valley EASTERN COUNTY WIDEN/RECONSTRUCT/REHABILITATE REGIONAL ARTERIALS 2026 116,699 VARIOUS AGENCIES Arterial Improvements Countywide WIDEN/CONSTRUCT REGIONAL ARTERIALS 2026 553,031 VARIOUS AGENCIES Arterial Improvements Western County WESTERN COUNTYWIDEN/REHABILITATE ARTERIAL IMPROVEMENTS 2026 211,437 VARIOUS AGENCIES ITS Countywide ITS Lump Sum for Riverside County arterials 2039 137,592 VARIOUS AGENCIES Non -motorized Countywide Various pedestrian and bikeway non -motorized improvement projects 2040 115,079 WILDOMAR Baxter Rd 1-15 Central St Widen from 2 to 4 lanes 2040 17,929 WILDOMAR Bundy Canyon Rd 1-15 Murrieta Rd Widen from 2 to 4 lanes 2025 35,549 WILDOMAR Bundy Canyon Rd Mission Trail 1-15 Widen from 2 to 4 lanes 2030 4,992 WILDOMAR Central St Baxter Rd Palomar St Widen from 2 to 4 lanes 2030 4,500 WILDOMAR Central St Grand Ave Palomar St Widen from 2 to 4 lanes 2030 3,112 WILDOMAR Clinton Keith Rd 1-15 Coppercraft Widen from 2 to 6 lanes 2030 21,955 WILDOMAR Grand Ave Ortega Hwy(SR- 74) Central St Widen from 2 to 4 lanes 2040 30,765 WILDOMAR 1-15 (PM 15.8 to 16.8) at Bundy Canyon Rd btwn Orange St and Cherry St Reconstruct/widen Bundy Canyon Rd IC from 2 to 4lanes and reconstruct ramps 2040 24,112 WILDOMAR La Estrella St George Ave Susan Dr EXTENSION OF 2-LANE LAESTRELLARD FROM GEORGE AVE TO SUSAN DR (0.10 MILES) 2022 1,153 WILDOMAR LOST RD/LEMON ST ORANGE ST NORTHERLY CITY LIMITS WIDEN FROM TO LANES 2030 13910 WILDOMAR Palomar St Mission Trail Jefferson Widen from 2 to 4 lanes 2030 38,456 TOTAL: 19,907,532 December 2019 Appendix C Long Range Transportation Study: Key Funding Programs Contents ■ Key Funding Programs Summary Table RIVERSIDE COUNTY TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Key Funding Programs Summary Table December2019 Appendix D RIVERSIDE COUNT! TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Revenue Sources description Freeways & Expressways Express Lanes Major Arterials Transit Transit (Rail) (Bus) ili. Pedestrian & Bicycle Freight & Goods Movement Aviation Mobility Innovation Planning & Programming NOTES Federal Funding Source Congestion Mitigation and Air Quality improvement Program (CMAQ) Provide transportation the Clean air qualityf Stand ard (nonattainment in compliance aflexible funding source to State and local governments for projects and programs to help meet the requirements of AirAct. Funding is available to reduce congestion and improve or areas that do not meet the National Ambient Air Quality s f or ozone, carbon monoxide, or particulate matter areas) and forformer nonattainment areas that are now (maintenance areas). X X X X x x Surface Transportation Block Grant Program STBG provides flexible funding that states and local governments may use for projects on any f ede ral-ai d highway, including the National Highway System (NHS); ro"ectson an public road; capital projects Y { ) g p l any p p l and; public bus terminals and facilities. .` X Highway Safety Improvement Program (HSIP) Achieve a significant reduction i n traffic fatalities and serious injuries on all public roads, including non -State awned public roads and roads an tribal lands. The HSIP requires a data -driven, strategic appraachto improving highway safety an all public roads that f ocuses on performance. X is X X X x x National Highway Performance Program (NHPP) Provi des su pport for the condition and performance of the National Highway system (NHS), forthe construction of new facilitiesonthe NHS, and to ensure that investments of Federal -aid funds in highway construction are directed to support progress toward the achievement of performance targets established in astate's asset management plan for the NHS. Railroad -Highway Crossing (Section 130) Program Pravidesfundsfor safety improvementstoreduce the number of fatalities, injuries, and crashes at public railway -highway grade crossings. The Section 130pragramfunds are eligible for projects at all public crossings including roadways, bike trails and pedestrian paths. Grade Separation (Section 190) Program Thiscompetitive grant program provides $15 millioneachyear to local agenciesforthe construction of grade separation projects. The program is jointly administered by the Califomia Public Utilities Commission (CPUC) and the California Department of Transportation (Caltrans). Local agen cies su bmit project applications tothe CPUC, which is responsible for developing a priority list of projects. Local agencies whose projects are included an the priority list submit requests far an allocationoffundsto Caltrans. National Highway Freight Program Improve the efficient movement of freight an the National Highway Freight Network (NHFN) and support several goals, including: - investing in infrastructure and operational improvements that strengthen economic competitiveness, reduce congestion, reduce the cost of freight transportation, improve reliability, and increase prod u ct ivity; - improving the safety, security, efficiency, and resiliency of freight transportation in rural and urban areas; - improving the state of good repair of the NHFN; - using innovation and advanced technology to improve NHFN safety, efficiency, and reliability; - improving the efficiency and productivity of the NHFN; - improving state flexibility to support multi -state corridor planning and address highway freight connectivity; and - reducing the environmental impacts of freight movement an the NHFN. [23 U.S.C. 167 (a), (b)] December 2019 Appendix D RIVERSIDE COUNT! TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Revenue Sources Description Freeways & Expressways Express Lanes Major Arterials Transit (Rail) Transit Pedestrian (Bus) & Bicycle Freight & Goods Movement Aviation Mobility Innovation Planning & Programming NOTES Federal Funding ources Nationally Significant Freight and Highway Projects (NSFHP) NSFHP provides financial assistance —grants orcredit assistance —to nationally and regionally significant freight and highway projects that align withthe program`sgoals. X X Federal Transit Administration Section 5303, 5304, 5305 (Metropolitan & Statewide and Nonmetropolitan Planning) Provides funding and procedural require mentsformultimodal transportation planning in metropolitan areas metropolitan areas through a cooperative, continuous, and comprehensive planning process. The result of this process includes long and shortrange planning and programming of transportation investment priorities. X X X X X Federal Transit Administration Section 5307 (Urbanized Area Formula Program Grants) The Urbanized Area Formula Funding program provides Federal resources to urbanized areas and to Govem ors fortransit capital and operating assistance and for tran sportation related planning. As determined by the U.S. Department of Commerce's Bureau of the Census, an urbanized area is defined as an area with a popu lation of 50,000 or more. Federal Transit Administration Section 5311 (Rural Area Formula Grants) This program provides formula -based funding for capital and/or operating assistance to rural areas with population fewer than 50,000where many residents rely on pu bl ic transit to reachthe irdestinations. Capital assistance is provided for u p to 88.53% of the net project cost. Operational assistance has a50%federal participation ceiling. X x x Federal Transit Administration Section 5309 (Fixed Guideway Capital Investment Grants) This is FTA's primary grant program for fu nd ing major transit capital Investments, including: rapid rail, light rail, bus rapid transit, commuter rail and ferries. X X Instead of an annual call for applications and selection of award eesbythe Federal Transit Administration (FTA),the law requires that projects seeking ClGfunding complete a series of steps ove rseveral years to be eligible forfunding. Federal Transit Administration Section 5310 (Enhanced Mobility of Seniors and Individuals with Disabilities) A formula program to fund transportation service s f or the elderly and people with disabilities. Allocation is made on the basis of the number of elderly and people with disabilities in each state. Proj ects that were once eligible for the New Freedom Program (Section5317) qualify for this program. X X X Federal Transit Administration Section 5337 (State of Good Repair) The state of Good Repair program is dedicated to repairing and upgrading the nation's rail transit systems along with high -intensity motor bus systems that use high -occupancy vehicle lanes, including bus rapid transit (BRT) �/ X �/ X X Eligible Recipients: state and local government authorities in urbanised areas with rail fixed guideway and high intensity motorbus systems that have been in operation for at least 7years. Federal Transit Administration Section 5339 (Bus and Bus Facilities & Low and No Emission Bus Program) The Bus and Bus Facilities Infrastructure Investment Program (49 U.S.C. 5339) provides federal resources to states and direct recipi ents to replace, rehabilitate and purchase buses and rel ate d equipme nt. X x Federal Transit Administration Section 5312 (Mobility on Demand (Mod) & Public Transportation Innovation) Funds projects that promote innovative business models and products to deliverhigh quality, seamless and equitable mobility options fora!! travelers. X Federal Transit Administration Transit - Oriented Development Planning Pilot Provides funding to advance planning efforts that support transit - oriented development(TOD) associated with new fixed -guideway and core capacity improvement projects. December 2019 Appendix D RIVERSIDE COUNT! TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Revenue Sources Description Freeways & Expressways Express Lanes Major Arterials Transit Transit (Rail) (Bus) Pedestrian & Bicycle MIL Freight & Goods Movement Aviation Mobility Innovation Planning & Programming NOTES Federal Funding Sources U.S. Department of Transportation - Better Utilizing Investments to Leverage Development [BUILD] Transportation Grants Program Formerly known as the Transportation Investment Generating Economic Recovery (TIGER) grant program, BUILD transportation grants seek to fund investments in surface transportation infrastructure that will have a significant impact on local or regional facilities. BUILD funding is available for roads, bridges, transit, rail, ports, or intermodal transportation V I� V I� V I� projects. Nationally Significant Federal Lands and Tribal Projects [NSFLTP] The (NSFLTP) program provides funding for constructing, reconstructing, and rehabilitating nationally -significant projects on Federal or tribal lands. Project design costs are not eligible. Any entity eligible to receive funding under the Tribal Transportation Program, Federal Lands Transportation Program, or Federal Lands Access Program [23 U.S.C. 202- 204 is eligible under the NSFLTP program. In addition, a State, county, or local government may apply if sponsored by an eligible Federal land management agency or Indian tribe. V I� V I� V I� V I� V I� Recreational Trails Program The Recreational Trails Program (RTP) provides funds annually for recreational trails and trails -related projects. The RTP is administered at the federal level by the Federal Highway Administration (FHWA). Eligible applicants include; cities and counties, districts, state agencies, federal agencies, and non-profit organizations with management responsibilities of public lands. State Funding Sources State Transportation Improvement Program [ST1P] The STIP is a five-year capital improvement program that provides funding from the State Highway Account (SHA) for projects that increase the capacity of the transportation system. The SHA is funded through a combination of state gas excise tax, the Federal Highway Trust Fund, and truck weight fees. The STIP may include projects on state highways, local roads, intercity rail, or public transit systems. The Regional Transportation Planning Agencies (RTPAs) propose 75 percent of STIP funding for regional transportation projects in Regional Transportation Improvement Programs (RTIPs), Caltrans proposes 25 percent ofSTIP fundingfor interregional transportation projects in the Interregional Transportation Improvement Program (ITIP). �/ X �/ X �/ X �/ X �/ X State Highway Operation and Protection Program [SFIOPP] The SHOPP is a four-year program that provides funding from the SHA to be used for projects that reduce collisions and hazards to motorists, preserve and rehabilitate bridges and roadways, enhance and protect roadsides, and improve the operation of the State Highway System. x x State Transit Assistance Fund [STA] The State Transit Assistance fund (STA) is derived from a portion of the Motor Vehicle Fuel Tax. The STA supports publictransportation seances and is apportioned through the Regional Transportation Planning Agencies (RTPA)to their member agencies on a population basis, although some funds are apportioned directly to transit agencies based on their fare -box revenues. STA funds maybe used for mass transit (capital or operating expenses) or transportation planning but not streets and roads. Local Transportation Fund [LTF] LTF funds are derived from aquarter-cent sales tax on retail sales statewide. LTF revenue is returned to local governments, primarilyfor public transportation; however, bicycle and pedestrian facilities, and streets and roads may also qualify. The LTF is distributed to each city and unincorporated area based on population. V A V A V A V A V A Additionally, underSB 821, 295of LTF funds are made available For bicycle and pedestrian projects Cap and Trade The Global Warming Solutions Act of 2006[AB 32] established the goal of reducing greenhouse gas (GHG) emissions statewide to 1990levels by 2020. In order to help achieve this goal, the California Air Resources Board (ARB) adopted a regulation to establish a Cap -and -Trade program that places a "cap" on the aggregate GHG emissions from entities responsible for roughly 85percent of the state's GHG emissions. As part of the Cap -and -Trade program, ARB conducts quarterly auctions where it sells emission allowances. Revenues from the sale of these allowances fund projects that supportthe goals of AB 32, includingtransitand rail investments. December 2019 Appendix D RIVERSIDE COUNT! TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Revenue Sources Description Freeways & Expressways Express Lanes Major Arterials Transit (Rail) Transit (Bus) Pedestrian & Bicycle Freight & Goods Movement Aviation Mobility Innovation Planning & Programming NOTES State Funding Sources Mil Active Transportation Program (ATP) The ATP consolidates existing federal and state transportation programs, including the Transportation Alternatives Program (TAP), Bicycle Transportation Account (BTA), and State Safe Routes to School (SR2S), into a single program with focus to make Californiaa national leader in active transportation. The ATP is administered by the Division of Local Assistance, Office of Active Transportation and Sped al Programs. SB 821 Bicycle and Pedestrian Facilities Program Each year 2%of the Local Transportation Fund (LTF) revenue is made available for use on bicycle and pedestrian facility projects through the Commission's SB 821 Program. All of the cities and the county of Riverside are notified of the SB821 program estimate of available funding and are requested to submit project proposals. Eligible projects include sidewalks, access ramps, bicycle facilities, and bicycle plan development. X Strategic Growth Council (SGC) Sustainable Communities Planning Grants The principal goal of this grant program is to fund the development and Implementation of plans that lead to significant reductions in greenhouse gas emissions (GHGs) in a manner consistent with the State Planning Priorities, AB 32: The California Gobal Warming Solutions Actof 2006and the current Environmental Goals and Policy Report (EGPR), if available. X Senate Bill (5B) 1 - Read Repair and Accountability Act of 2017 SB 1(The Road Repair and Accountability Act of 2017), provides the largest increase in state transportation funding in the last 25years. SB 1 provides additional funding fortransportation programs detailed in this chapter (indudingATP, SHOPP,STIP, and Local Streets/Roads funds). It also revives programs that were part of the now expired Prop 1B. Those programs include the Local Partnership Program (LPP) and the Trade Corridor Enhancement Program (TCEP). SB 1 also newly created the Solutions for Congested Corridors Program (SCCP) . oval Funding Sources I Riverside County Local Sales Tax - (Measure A Funds) Riverside County's half -cent sales tax for transportation. Funds go back to each of three districts: Western Riverside County, the Coachella Valley, and Palo Verde, in proportion towhatthey contribute. Measure "A" funds may only be used for transportation purposes including the administration of Division 25, including legal actions related thereto, the construction, capital, acquisition, maintenance, and operation of streets, roads, highways, including state highways and public transit systems and for related purposes. Gas Tax Gas tax subventions to counties and cities in the region. X A A Transit Farebex Revenue Transit fares collected bytransit operators. X x Tall Revenue Revenues generated from toll roads. X x Transportation Uniform Mitigation Fee Under the TUMF, developers of residential, industrial, and commercial property pay development fee to fund transportation projects that will be required as a result of the growth the projects create. The Western Riverside Council of Governments administers the TUMF. The TUMF funds both local and regional arterial projects. Local area projects receive 48.1% clan funds and the funds are programmed in each of five "zones" proportionatelyto the fees paid. These zone projects are proposed by local jurisdictions. X ii Other Leval Funds City/CnuntyRevenue Funds, street taxes and developer fees, RSTP exchange funds. December 2019 Appendix D RIVERSIDE COUNT! TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Revenue Sources Description Freeways & Expressways Express Lanes Major Arterials Transit (Rail) Transit Pedestrian (Bus) & Bicycle Freight & Goods Movement Aviation Mobility Innovation Planning & Programming NOTES Other Potential Revenue and Funding Opportunities Environmental Enhancement and Mitigation Program Applicants may apply to undertake environmental enhancement and mitigation projects that are directly or indirectly related to modifying existing transportation faci lities, or for new transportation facilities' design, constructionarexpansian. The EEM project must be over and above required mitigatianfarthe related transportation project. All participating project costs incurred are funded in arrears an a reimbursement basis of the state's proportionate share of actual casts. Na matching funds or cost shares from the applicantaratherfunding sources are required to apply for an EEM grant; however, projects with the greatest funding match will be rated highest. Grants are generally limited to $350,001 Any local, state, orfederal agency or non-profit entity V A V A V A V A X X V A X may apply for and receive grants. Benefit Assessment District Fees An assessment district is an area of land specifically benefiting from a public improvement. A property tax assessment is levied against each parcel that benefits from the improvement, in proportion to the benefit. Bands are then sold to finance improvements, which land owners repay overtime. Traditionally this approach has been used tofinance urban public improvement projects (i.e. sewer, water, curbs, gutters, etc.) an a community or neighborhood level. Using this approach an a "regional" basis has proven problematic because of the multiple legislative bodies (i.e. City Councils, Boards of Supervisors, etc.) necessary to achieve political consensus. In addition, there could be great difficulty in establishing a regianwide zone of benefit. X x "Local" Motor Vehicle Fuel Tax sB 215 allows counties to hold general elections for a local sales tax on motor vehicle fuel (gasoline, diesel) tofinancethe regional transportation network. The uses, execution, advantages and disadvantages are similarta that of asales tax. One advantage is that it is user -oriented. Because fuel consumption is related to road use, heavier users bear higher burden of the cast. Motor Vehicle Taxes and Fees (Statewide, Regionally or Locally) An array of fees and taxes on motor vehicles could be increased and implemented statewide, regionally or locally to generate transportation funds. Examples include vehicle registration surcharges (similar to the Air District's AB 2766fees currently collected); increased surcharges an driver's license fees; mileage taxes; parts and repair excise taxes; heavy - vehicle taxes; fees for "vanity plates," tire taxes, and personal property taxes an motorvehicles. One of this approach's drawbacks, however, is the need for enabling legislation (statewide, regionally or locally). Public and Private Parking Fees This mechanism increases public and private parking charges and institutes parking fees where parking is now free. Major metro areas in California have become mare aggressive in pricing downtown parking -- bath at meters and inlots. Insome cities, extending parking lot hours and substantial ly gre ate r enforcement have increased parking fee revenues. Often these funds are treated as ageneralfund source rather than tied to specific transportation expenditures. A A A A X X x x x x Regional Transportation Facilities Impact Fee A regional transportation facilities impact -fee would distribute the casts of regional transportation f acilities among all new development within the region, using the sire of a proposed development or estimates of a project'stripgenerating capacity as criterion. This type of development impact fee would be required to meet AB 1600 nexus findings in orderto be implemented. December 2019 Appendix D RIVERSIDE COUNT! TRANSPORTATION COMMISSION LRTS LONG RANGE TRANSPORTATION STUDY Revenue Sources Description Freeways & Expressways Express Lanes Major Arterials Transit (Rail) Transit (Bus) Pedestrian & Bicycle Freight & Goods Movement Aviation Mobility Innovation Planning & Programming NOTES Other Potential Revenue and Funding Opportunities This financing mechanism is a vehicle -use fee based on the number of miles driven, which has the potential to generate substantial revenues, implement increased -mobility policy goals and is strongly related to transportation demand and congestion. Vehicle Miles Traveled (VMT) fees would appear to be a stable and growing source of revenue given Californians' propensity to use their automobiles. VMT fees also would maintain an ability to capture revenues from a growing fleet of alternative fuel vehicles within the state. x x x Vehicle Miles Traveled Fee Emissions Fee An emissions fee could work in a manner similar to the Vehicle Miles Traveled fee program, except that user charges would be based on emission levels rather than miles traveled. The measure would be recorded at the time the vehicle is smog checked, and the driver would pay a fee based on a sliding scale. Revenue formulas would have to be adjusted due California's vehicle fleet becoming "cleaner' as older polluting vehicles are retired and replaced with vehicles that have improved emission technology. X X X Federal Transit Administration Section 5312 (1) (Research, Development, Demonstration, and Deployment Projects) This program supports research activities that improve the safety, reliability, efficiency, and sustainabilityof public transportation by investing in the development, testing, and deployment of innovative technologies, materials, and processes; carry out related endeavors; and to support the demonstration and deployment of low -emission and no - emission vehicles to promote clean energy and improve air quality. �[ /� Transportation Infrastructure Finance and Innovation Act (TIFIA) The Transportation Infrastructure Finance and Innovation Act (TIFIA) program provides credit assistance for qualified projects of regional and national significance. Many large-scale, surface transportation projects - highway, transit, railroad, intermodal freight, and port access - are eligible. Eligible applicants include state and local governments, transit agencies, railroad companies, special authorities, special districts, and private entities. The TIFIA credit program is designed to fill market gaps and leverage substantial private co -investment by providing supplemental and subordinate capital. Each dollar of Federal funds can provide up to $10 in TIFIA credit assistance and support up to $30 in transportation infrastructure investment. MAP-21 reforms included a 10 percent set -aside for rural projects; an increase in the share of eligible project costs that TIFIA may support; and a rolling application process. X X X X X X X Public -Private Partnerships A public -private partnership (PPP or P3) represent a broad category of financing mechanisms that are being used to harness public sector participation. PPPs have been used with mixed success in several states nationwide. Before PPP can become a viable option it must be approved by the state legislature. X X X X X X X December 2019 Appendix D AGENDA ITEM 7G RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: December 11, 2019 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Sheldon Peterson, Rail Manager Ariel Alcon Tapia, Management Analyst THROUGH: Anne Mayer, Executive Director SUBJECT: Transit and Intercity Rail Capital Program Master Agreement BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1) Approve Agreement No. 20-25-017-00 with the California Department of Transportation (Caltrans) for implementing projects when the Commission is the lead agency for transit projects funded by the Transit and Intercity Rail Capital Program (TIRCP); 2) Adopt Resolution No. 19-018, "Resolution of The Riverside County Transportation Commission Regarding Authorization for The Execution of A Master Agreement and Program Supplements For The State -Funded Projects"; and 3) Authorize the Executive Director, pursuant to legal counsel review, to execute the agreement on behalf of the Commission. BACKGROUND INFORMATION: The TIRCP was created by Senate Bill 862 and modified by SB 9, to provide grants from the Greenhouse Gas Reduction Fund (GGRF) to fund transformative capital improvements that will modernize California's intercity, commuter, and urban rail systems and bus and ferry transit systems to significantly reduce emissions of greenhouse gases, vehicle miles traveled, and congestion. Assembly Bill 398 extended the Cap and Trade Program that supports TIRCP from 2020 through 2030. The passage of SB 1, the Road Repair and Accountability Act of 2017, added about $250 million annually to the program to achieve: 1) Reduction of greenhouse gas emissions; 2) Expansion and improvement in transit service to increase ridership; 3) Integration of the rail service of the state's various rail operations, including integration with the high-speed rail system; and 4) Improvement in transit safety. Agenda Item 7G 242 The Southern California Regional Rail Authority, which operates as Metrolink, was awarded $875 million in TIRCP funds as part of Phase I of the Southern California Optimization Rail Enhancement (SCORE) Program. The Commission is receiving $14.5 million from this award for the Downtown Riverside Expansion Project. In order to receive TIRCP grant funds for the Downtown Riverside Expansion Project, Caltrans requires that the Commission as the lead agency execute a Master Agreement to receive funds under TIRCP for specific transit projects from GGRF. The Master Agreement also covers funding directed to TIRCP by SB 1. Caltrans uses the Master Agreement and related Program Supplements for state -funded transit projects in order to properly administer and reimburse state transit funds to regional and local agencies. This Master Agreement also will allow the Commission to add Program Supplements to the Master Agreement in the event of additional funding awards under TIRCP for other transit projects in the future. Specific projects will have individual Program Supplements to this agreement, which will establish specific dollar amounts and conditions to individual projects. Staff recommends the approval of the Master Agreement for TIRCP funding and resolution authorizing the Executive Director to execute the Master Agreement and Program Supplements. Authorization specifically is included for the pending Program Supplement for the Downtown Riverside Expansion Project for $14.5 million. These grant funds will be not be expended in the FY 2019/20 budget and will be included in future budgets. Financial Information In Fiscal Year Budget: N/A Year: FY 2020/21+ Amount: $14,500,000 Source of Funds: State TIRCP funds Budget Adjustment: N/A GL/Project Accounting No.: 004027 415 41510 0000 265 33 41501 Fiscal Procedures Approved: \14 44a/ Date: 11/18/2019 Attachments: 1) Agreement No. 20-25-017-00 2) Resolution No. 19-018 Approved by the Budget and Implementation Committee on November 25, 2019 In Favor: 10 Abstain: 0 No: 0 Agenda Item 7G 243 ATTACHMENT 1 California State Transportation Agency Transit and Intercity Rail Capital Program Grant Recipient: Riverside County Transportation Commission CaISTA Transit and Intercity Rail Capital Program Administered by: California Department of Transportation Division of Rail and Mass Transportation 1120 N Street, Room 3300 P.O. Box 942874, MS-39 Sacramento, California 94274-0001 244 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS RECITALS TABLE OF CONTENTS ARTICLE 1- DEFINITIONS 4 5 ARTICLE II — TIRCP PROJECTS AND ADMINISTRATION 7 Section 1. TIRCP Projects and Project Management 7 Section 2. Program Supplement 7 A. General 7 B. Project Overrun 9 C. Cost Savings and Project Completion 9 D. Scope of Work 9 E. Program Supplement Amendments 10 Section 3. Allowable Costs and Payments 10 A. Allowable Costs and Progress Payment Invoice 10 B. Final Invoice 10 ARTICLE III — GENERAL PROVISIONS 11 Section 1. Funding 11 Section 2. Audits and Reports 11 A. Cost Principles 11 B. Record Retention 12 C. Reporting Requirements 13 Section 3. Special Requirements 14 A. California Transportation Commission Resolutions 14 B. Recipient Resolution 14 C. Termination 15 D. Third Party Contracting 16 E. Change in Funds and Terms/Amendments 16 F. Project Ownership 16 G. Disputes 18 H. Hold Harmless and Indemnification 19 I. Labor Code Compliance 19 J. Non -Discrimination Clause 19 K. State Fire Marshal Building Standards Code 20 L. Americans with Disabilities Act 21 M. Access for Persons with Disabilities 21 N. Disabled Veterans Program Requirements 21 O. Environmental Process 21 P. Force Majeure 22 ARTICLE IV— MISCELLANEOUS PROVISIONS 22 6/20/2019 Page 2 245 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS Section 1. Miscellaneous Provisions 22 A. Successor Acts 22 B. Successor and Assigns to the Parties 22 C. Notice 22 D. Amendment 23 E. Representation and Warranties of the Parties 23 F. Construction, Number, Gender and Captions 24 G. Complete Agreement 25 H. Partial Invalidity 25 I. Conflicts 25 J. Counterparts 25 K. Governing Law 25 Appendix A - TIRCP PROGRAM GUIDELINES AND DEPARTMENT DELEGATION 27 Appendix 8 - RECIPIENT'S RESOLUTION 28 6/20/2019 Page 3 246 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS STATE OF CALIFORNIA DEPARTMENT OF TRANSPORTATION Effective Date of this Agreement: January 1, 2020 Termination Date of this Agreement: January 1, 2026 Recipient: Riverside County Transportation Commission Application Funding: The Greenhouse Gas Reduction Fund and Senate Bill 1 Fund are the applicable funding source covered by this Agreement and will identified in each specific Program Supplement, adopting the terms of this Agreement. RECITALS 1. WHEREAS, The Global Warming Solutions Act of 2006 (the "ACT") (Assembly Bill [AB] 32, Nunez, Chapter 488) created a comprehensive program to reduce greenhouse gas emissions in California. AB 32 requires California to reduce greenhouse gases to 1990 levels by 2020, and to maintain and continue reductions beyond 2020. In March 2012, Governor Brown signed Executive Order B-16-2012 affirming a long-range climate goal for California to reduce greenhouse gases from the transportation sector to 80 percent below 1990 levels by 2050. 2. WHEREAS, the Cap -and -Trade Program is a key element in California's climate plan. It creates a limit on the emissions from sources responsible for 85 percent of California's greenhouse gas emissions, establishes the price signal needed to drive long-term investment in cleaner fuels and more efficient use of energy, and gives covered entities flexibility to implement the lowest -cost options to reduce greenhouse gas emissions. 3. WHEREAS, in 2012, the Legislature passed and Governor Brown signed into law three bills, AB 1532 (Perez, Chapter 807, Statutes of 2012), Senate Bill (SB) 535 (De Leon, Chapter 830, Statutes of 2012), and SB 1018 (Budget and Fiscal Review Committee, Chapter 39, Statutes of 2012), that established the Greenhouse Gas Reduction Fund (GGRF) to receive proceeds from the distribution of allowances via auction and provided the framework for how those auction proceeds will be appropriated and expended. These statutes require that expenditures from the GGRF be used to facilitate the achievement of greenhouse gas emission reductions and further the purposes of AB 32. 4. WHEREAS, in 2017, the Legislature passed and Governor Brown signed into law the Road Repair and Accountability Act of 2017 SB 1, directed additional funding to the Transit and Intercity Rail Capital Program (TIRCP). 6/20/2019 Page 4 247 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS 5. WHEREAS, TIRCP is one of several programs funded as part of the 2014-2015 State of California Budget (Senate Bill 852 and Senate Bill 862), and implemented pursuant to Public Resources Code section 75220 et seq and Health and Safety Code section 39719 et seq.. 6. WHEREAS, as directed by the ACT, CaISTA established TIRCP Program Guidelines that describe the policy, standards, criteria, and procedures for the development, adoption and management of the TIRCP Program. 7. WHEREAS, Recipient has submitted an application, been evaluated and selected by CaISTA in accordance with the TIRCP Program Guidelines. 8. WHEREAS, on August 17, 2015, CaISTA delegated the administration of the TIRCP Program to the Department pursuant to the TIRCP Program Guidelines and the Department's policies and procedures for the administration of similar grant programs. 9. NOW THEREFORE, in consideration of the recitals and the rights, duties and covenants set forth herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree to the following: 10. This Agreement, entered into effective as of the date set forth above, is between the signatory public entity identified hereinabove, (hereinafter referred to as Recipient), and the STATE OF CALIFORNIA, acting by and through the California Department of Transportation (hereinafter referred to as DEPARTMENT), and subject to the approval of the California State Transportation Agency (CaISTA). ARTICLE I - DEFINITIONS The terms defined in this Article I shall for all purposes of this Agreement have the meanings specified herein. 1.1 "Act" refers to the Global Warming Solutions Act of 2006 (the "ACT") (Assembly Bill [AB] 32, Nunez, Chapter 488) created a comprehensive program to reduce greenhouse gas emissions in California. 1.2 "Agreement" shall mean this Agreement, inclusive of all appendices and Program Supplements, whereby the Department, on behalf of CaISTA, and pursuant to the Act and as set forth herein, administers the TIRCP Program. 1.3 "Award Agreement" shall mean a project -specific subcontract to this agreement executed following Project award and may include Project specific information, expected outcomes, and deliverables. 1.4 "California Department of Transportation" or "Caltrans" or "Department" means the State of California, acting by and through its Department of Transportation of the State of the State of California, and any entity succeeding to the powers, authorities and responsibilities of the Department invoked by or under this Agreement or the Program Supplements. 6/20/2019 Page 5 248 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS 1.5 "California Transportation Commission" or "CTC" shall refer to the commission established in 1978 by Assembly Bill 402 (Chapter 1106, Statutes of 1977). 1.6 "Effective Date" means the date set forth on page 4 of this Agreement. 1.7 "Greenhouse Gas Reduction Funds" or "GGRF" shall mean the funds subject to Chapter 26, Statutes of 2014, authorizing the State to fund capital improvements and operational investments for California's transit systems and intercity, commuter, and urban rail systems. 1.8 "Senate Bill 1" or "SB 1" shall mean the funds subject to Chapter 5, Statutes of 2017, authorizing the State to fund capital improvements and investments for California's transit systems and intercity, commuter, and urban rail systems. 1.9 "Overall Funding Plan" has the meaning set forth in Article II, Section 2(A)(5)(c). 1.10 "Program Guidelines" shall mean the policy, standards, criteria, and procedures for the development, adoption and management of the TIRCP Projects established by CaISTA and provided in Appendix A. 1.11 "Program Supplement" shall mean a project -specific subcontract to this Agreement that is executed following a CTC approved action and includes all Project specific information needed to encumber funding and shall include expected outcomes and deliverables. 1.12 "Program Supplement Last Expenditure Date" and refers to the last date for Recipient to incur valid Project costs or credits. 1.13 "Program Supplement Termination" shall occur when after the Recipients obligations have been fully performed as set forth in Article II, Section 2D and Article III, Section 3(C)(2) or when terminated by convenience as set forth in Article III, Section 3(C)(1). 1.14 "Project" shall mean the project identified in Recipient's application. 1.15 "Project Closeout Report" shall have the meaning set forth in Article II, Section 3(B). 1.16 "Project Financial Plan" shall have the meaning set forth in Article II, Section 2(A)(5)(d). 1.17 "Progress Payment Invoice" shall have the meaning set forth in Article II, Section 3A. 1.18 "Project Schedule" has the meaning set forth in Article II, Section 2(A)(5)(b). 1.19 "Scope of Work" has the meaning set forth in Article II, Section 2(A)(5)(a). 1.20 "Secretary" shall mean the Secretary of the California State Transportation Agency (CaISTA). Unless the context otherwise requires, any reference to the Secretary includes CaISTA and its officers and employees. 1.21 "State" shall mean the State of California. 6/20/2019 Page 6 249 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS 1.22 "TIRCP Projects" shall mean projects that are selected and funded pursuant to the Transit and Intercity Rail Capital Program. ARTICLE II — TIRCP PROJECTS AND ADMINISTRATION Section 1. TIRCP Projects and Project Management 1. TIRCP Projects, pursuant to the Act, are established by CaISTA in accordance with the TIRCP Program Guidelines. Under delegation from CaISTA, the Department will administer the TIRCP Program in accordance with the TIRCP Program Guidelines and best management practices identified in the administration of similar Department grant programs. 2. By this reference, those Guidelines are made an express part of this Agreement and shall apply to each TIRCP Program funded Project. Recipient will cause its specific TIRCP mandated Resolution to be attached as part of any TIRCP funded Program Supplement as a condition precedent to the acceptance of GGRF or SB 1 Funds (upon availability and allocation), for such project. 3. All inquiries during the term of this Agreement and any applicable Program Supplement will be directed to the project representatives identified below: State's Project Administrator: Recipient's Project Administrator: Department of Transportation Riverside County Transportation Commission Ezequiel Castro Sheldon Peterson Branch Chief Rail Manager Capital Projects South Branch (951) 787-7141 Phone: (916) 654-8012 speterson@rctc.org Email: ezequiel.castro@dot.ca.gov Section 2. Program Supplement A. General 1. This Agreement shall have no force and effect with respect to the Project unless and until a separate Project specific program supplement hereinafter referred to as "Program Supplement," adopting all of the terms and conditions of this Agreement has been fully executed by both State and Recipient. 2. Recipient agrees to complete the defined scope of work for the Project, described in the Program Supplement adopting all of the terms and conditions of this Agreement. 3. A financial commitment of actual funds will only occur in each detailed and separate Program Supplement. No funds are obligated by the prior execution of this Agreement alone. 6/20/2019 Page 7 250 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS 4. Recipient further agrees, as a condition to the release and payment of the funds encumbered for the scope of work described in each Program Supplement, to comply with the terms and conditions of this Agreement and all the agreed -upon special covenants and conditions attached to or made a part of the Program Supplement identifying and defining the nature of that specific scope of work. 5. The Program Supplement shall include a detailed scope of work, which shall include but not be limited to, a Project Description, a Project Schedule, an Overall Funding Plan, and a Project Financial Plan as required in the TIRCP Program Guidelines. a. The Scope of Work shall include a detailed description of the Project and will itemize the major tasks and their estimated costs. b. The Project Schedule shall include major tasks and/or milestones and their associated beginning and ending dates and duration. c. The Overall Funding Plan shall itemize the various Project Components, the committed funding program(s) or source(s), and the matching funds to be provided by Recipient and/or other funding sources, if any [these Components include Environmental and Permits; Plans, Specifications and Estimates (PS&E); Right -of -Way (ROW); and Construction (including transit vehicle acquisition)]. d. The Project Financial Plan shall identify estimated expenditures for the Project Component by funding source, provided that for the purposes of this Agreement the State is only monitoring compliance for expenditures for the TIRCP, including but not limited to GGRF and SB 1 Funds allocated for the Project Component. 6. Adoption and execution of the Program Supplement by Recipient and State, incorporating the terms and conditions of this Agreement into the Program Supplement as though fully set forth therein, shall be sufficient to bind Recipient to these terms and conditions when performing the Project. Unless otherwise expressly delegated to a third -party in a resolution by Recipient's governing body, which delegation must be expressly assented to and concurred in by State, the Program Supplement shall be managed by Recipient. 7. The estimated cost and scope of the Project will be as described in the applicable Program Supplement. The State shall not participate in any funding for the Project beyond those amounts actually encumbered by the STATE as evidenced in the applicable Program Supplement unless the appropriate steps are followed and approval is granted by the CTC as described below. 8. Upon the stated expiration date of this Agreement, any Program Supplement executed under this Agreement for the Project with obligations yet to be completed pursuant to the approved Project Schedule, deliverables, and reporting requirements shall be deemed to extend the term of this Agreement only to conform to the specific Project termination or completion date, including completion of deliverables and reporting requirements, contemplated by the 6/20/2019 Page 8 251 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS applicable Program Supplement to allow that uncompleted Project to be administered under the extended terms and conditions of this Agreement. B. Project Overrun 1. If Recipient or the State determine, at any time during the performance of the Project, that the Project budget may be exceeded, Recipient shall take the following steps: a. Notify the designated State representative of the nature and projected extent of the overrun and, within a reasonable period thereafter, identify and quantify potential cost savings or other measures which Recipient will institute to bring the Project Budget into balance; and b. Identify the source of additional Recipient or other third party funds that can be made available to complete Project. Recipient agrees that the allocation of the GGRF and SB 1 funds is subject to the allocation made proposed by the CaISTA, submitted by the State, and approved by the CTC. C. Cost Savings and Project Completion 1. Recipient is encouraged to evaluate design and construction alternatives that would mitigate the costs of delivering the commitments for the Project. Recipient shall take all steps necessary on a commercially reasonable basis that would generally be taken in accordance with best management practices. In determining cost savings, the Parties shall take into account all avoided costs, including avoided design, material, equipment, labor, construction, testing, acceptance and overhead costs and avoided costs due to time savings, and all the savings in financing costs associated with such avoided costs. 2. If there is an identification and implementation of any CaISTA approved alternative resulting in reduction of the Project costs, the parties agree that the recipient shall provide a prorated share of Project or TIRCP funded Project component cost savings based on the overall project match to the Department no later than 30 days after the submission of the final invoice. Subject to CaISTA's approval, savings may be used towards another project component or towards increasing project benefits that are consistent with the original project award while maintaining the overall project match referenced in the project award and program supplements. 3. Program supplements will indicate the Project or Component proration of funding match. 4. The Recipient agrees to complete the Project and accepts sole responsibility for the payment of any cost increases. If either the Project or the funded components are not completed, the Recipient shall bear the burden of full TIRCP funds reimbursement to the Department. D. Scope of Work 1. Recipient shall be responsible for complete performance of the work described in the approved Program Supplement for the Project related to the commitment of encumbered funds. 6/20/2019 Page 9 252 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS All work shall be accomplished in accordance with the applicable provisions of the Act, Public Utilities Code, the Streets and Highways Code, the Government Code, and other applicable statutes and regulations. 2. Recipient acknowledges and agrees that Recipient is the sole control and manager of the Project and its subsequent employment, operation, repair and maintenance for the benefit of the public. Recipient shall be solely responsible for complying with the funding and use restrictions established by (a) the statutes from which the GGRF and SB1 Funds are derived, (b) the CTC, (c) the State Treasurer, (d) the Internal Revenue Service, (e) the applicable Program Supplement, and (f) this Agreement. 3. Recipient acknowledges and agrees that the Recipient is responsible for complying with all reporting requirements established by the TIRCP Guidelines and California Air Resource Board (CARB) Funding Guidelines. E. Program Supplement Amendments Program Supplement amendments will be required whenever there are CaISTA or CTC approved actions, including but not limited to, Financial Allocations, Financial Allocation Amendments, Time Extensions and Technical Corrections. These changes shall be mutually binding upon the Parties only following the execution of a Program Supplement amendment. Section 3. Allowable Costs and Payments A. Allowable Costs and Progress Payment Invoice 1. Not more frequently than once a month, Recipient will prepare and submit to State signed Progress Payment Invoice for actual Project costs incurred and paid for by Recipient consistent with the allocation and Scope of Work document in the Program Supplement and State shall pay those uncontested allowable costs once the invoice is reviewed and approved by the Department, subject to CaISTA's approval. If no costs were incurred during any given quarter, Recipient is exempt from submitting a signed Progress Payment Invoice. 2. State shall not be required to reimburse more funds, cumulatively, per quarter of any fiscal year greater than the sums identified and included in the Project Financial Plan. The State shall hold the right to determine reimbursement availability based on an approved expenditure plan and TIRCP anticipated or actual funding capacity. Each such invoice will report the total of Project expenditures from GGRF and SB 1 Funds (including those of Recipient and third parties) and will specify the percent of State reimbursement requested and the GGRF and SB 1 Funds source. Final Invoice B. Final Invoice The Program Supplement Last Expenditure Dates(s) refer to the last date for Recipient to incur valid Project costs or credits. Recipient has one hundred and eighty (180) days after that Last Expenditure Date to make already incurred final allowable payments to Project contractors or 6/20/2019 Page 10 253 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS vendors, prepare the Project Closeout Report, and submit the final invoice to State for reimbursement of allowable Project costs before those remaining State funds are unencumbered and those funds are reverted as no longer available to pay any Project costs. Recipient expressly waives any right to allowable reimbursements from State pursuant to this Agreement for costs incurred after that termination date and for costs invoiced to Recipient for payment after that one hundred and eightieth (180th) day following the Project Last Expenditure Date. ARTICLE III — GENERAL PROVISIONS Section 1. Funding 1. Recipient agrees to contribute at least the statutorily or other required local contribution of matching funds (other than State or federal funds), if any is specified within the Program Supplement or any appendices thereto, toward the actual cost of the Project or the amount, if any, specified in any executed SB 2800 (Streets and Highways Code Section 164.53) Agreement for local match fund credit, whichever is greater. Recipient shall contribute not less than its required match amount toward the Project cost in accordance with a schedule of payments as shown in the Project Financial Plan prepared by Recipient and approved by State as part of a Program Supplement. Section 2. Audits and Reports A. Cost Principles 1. Recipient agrees to comply with Title 2 Code of Federal Regulations 200 (2 CFR 200) Uniform Administrative Requirements, Cost Principles for State and Local Government, and Audit Requirements for Federal Awards. 2. Recipient agrees, and will assure that its contractors and subcontractors will be obligated to agree to follow 2 CFR 200 and it shall be used to determine the allowability of individual Project cost items. Every sub -recipient receiving Project funds as a contractor or sub -contractor under this Agreement shall comply with 2 CFR 200. 3. Any Project costs for which Recipient has received payment or credit that are determined by subsequent audit to be unallowable under 2 CFR 200, are subject to repayment by Recipient to State. Should Recipient fail to reimburse moneys due State within thirty (30) days of demand, or within such other period as may be agreed in writing between the Parties hereto, State is authorized to intercept and withhold future payments due Recipient from State or any third - party source whose funding passes through the State, including but not limited to, the State Treasurer, the State Controller and the CTC. 4. The State may terminate the grant for any reason at any time if it is determined by the State, based on an audit under this section, that there has been a violation of any State or federal law or policy by the Recipient during performance under this or any other grant agreement or 6/20/2019 Page 11 254 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS contract entered into with the State. If the grant is terminated under this section, the Recipient may be required to fully or partially repay funds. B. Record Retention 1. Recipient agrees, and will assure that its contractors and subcontractors shall establish and maintain an accounting system and records that properly accumulate and segregate incurred Project costs and matching funds by line item for the Project. The accounting system of Recipient, its contractors and all subcontractors shall conform to Generally Accepted Accounting Principles (GAAP), enable the determination of incurred costs at interim points of completion, and provide support for reimbursement payment vouchers or invoices. All accounting records and other supporting papers of Recipient, its contractors and subcontractors connected with Project performance under this Agreement and each Program Supplement shall be maintained for a minimum of three (3) years from the date of final payment to Recipient under a Program Supplement and shall be held open to inspection, copying, and audit by representatives of State, the California State Auditor, and auditors representing the federal government. Copies thereof will be furnished by Recipient, its contractors, and subcontractors upon receipt of any request made by State or its agents. In conducting an audit of the costs and match credits claimed under this Agreement, State will rely to the maximum extent possible on any prior audit of Recipient pursuant to the provisions of federal and State law. In the absence of such an audit, any acceptable audit work performed by Recipient's external and internal auditors may be relied upon and used by State when planning and conducting additional audits. 2. For the purpose of determining compliance with Title 21, California Code of Regulations, Section 2500 et seq., when applicable, and other matters connected with the performance of Recipient's contracts with third parties pursuant to Government Code section 8546.7, Recipient, Recipient's contractors and subcontractors and State shall each maintain and make available for inspection all books, documents, papers, accounting records, and other evidence pertaining to the performance of such contracts, including, but not limited to, the costs of administering those various contracts. All of the above referenced parties shall make such Agreement and Program Supplement materials available at their respective offices at all reasonable times during the entire Project period and for three (3) years from the date of final payment to Recipient under any Program Supplement. State, the California State Auditor, or any duly authorized representative of State or the United States Department of Transportation, shall each have access to any books, records, and documents that are pertinent to the Project for audits, examinations, excerpts, and transactions, and Recipient shall furnish copies thereof if requested. 3. Recipient, its contractors and subcontractors will permit access to all records of employment, employment advertisements, employment application forms, and other pertinent data and records by the State Fair Employment Practices and Housing Commission, or any other agency of the State of California designated by State, for the purpose of any investigation to ascertain compliance with this Agreement and the Act. 6/20/2019 Page 12 255 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS C. Reporting Requirements 1. Reporting requirements of Recipient will include whether reported implementation activities are within the scope of the Project Program Supplement and in compliance with State laws, regulations, and administrative requirements. 2. TIRCP Progress Reporting shall be no more frequently than monthly and no less frequently than semi-annually at the discretion of the State and shall generally include the following information; a. Activities and progress made towards implementation of the project during the reporting period and activities anticipated to take place in the next reporting period; b. Identification of whether the Project is proceeding on schedule and within budget; c. Identification of whether the Project Deliverables are proceeding on schedule. d. Identification of changes to the Project funding plan, milestone schedule, or deliverables completion date; e. Any actual or anticipated problems which could lead to delays in schedule, increased costs or other difficulties for either the Project or other State funded projects impacted by the Projects scope of work and the efforts or activities being undertaken to minimize impacts to schedule, cost, or deliverables; 3. CARB Reporting shall be no more frequently than monthly and no less frequently than annually at the discretion of CARB and shall include the following information (subject to modification by CARB); a. Identify metrics and benefits achieved for disadvantaged communities, low income communities, and/or low-income households; b. continued reporting following project implementation to identify benefits achieved. c. Any and all other requirements instituted by CARB. 4. Within one year of the Project or reportable Project components becoming operable, the implementing agency must provide a final delivery report including at a minimum: a. Scope of completed Project as compared to Programmed Project; b. Performance outcomes derived from the project as compared to outcomes described in the Project application and shall include but not be limited to before and after measurements and estimates for ridership, service levels, greenhouse gas reductions, updated estimated greenhouse gas reductions over the life of the project, benefits to disadvantaged 6/20/2019 Page 13 256 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS communities, low income communities, and/or low income households, and project co -benefits as well as an explanation of the methodology used to quantify the benefits. c. Before and after photos documenting the project d. The final costs as compared to the approved project budget by component and fund type, and an estimate of the TIRCP funds spent to benefit disadvantaged communities, low- income communities, and/or low-income households, and e. The project duration as compared to the project schedule in the project application. Section 3. Special Requirements A. California Transportation Commission Resolutions 1. Recipient shall adhere to applicable CTC policies on "Timely Use of Funds" as stated in Resolution G-06-04, adopted April 26, 2006, addressing the expenditure and reimbursement of GGRF and SB 1 Funds. These resolutions, and/or successor resolutions in place at the time a Program Supplement is executed, shall be applicable to GGRF and SB 1 funds, respectively. 2. Recipient shall be bound to the terms and conditions of this Agreement, the Project application contained in the Program Supplement (as applicable); and CTC Resolutions G-06-04, G-09-11 and/or their respective successors in place at the time the Program Supplement is signed (as applicable) and all restrictions, rights, duties and obligations established therein on behalf of State and CTC shall accrue to the benefit of the CTC and shall thereafter be subject to any necessary enforcement action by CTC or State. All terms and conditions stated in the aforesaid CTC Resolutions and CTC-approved Guidelines in place at the time the Program Supplement is signed (if applicable) shall also be considered to be binding provisions of this Agreement. 3. Recipient shall conform to any and all permit and mitigation duties associated with Project as well as all environmental obligations established in CTC Resolution G-91-2 and/or its successors in place at the time a Program Supplement is signed, as applicable, at the expense of Recipient and/or the responsible party and without any further financial contributions or obligations on the part of State unless a separate Program Supplement expressly provides funding for the specific purpose of hazardous materials remediation. B. Recipient Resolution 1. Recipient has executed this Agreement pursuant to the authorizing Recipient resolution, attached as Appendix B to this Agreement, which empowers Recipient to enter into this Agreement and which may also empower Recipient to enter into all subsequent Program Supplements adopting the provisions of this Agreement. 2. If Recipient or State determines that a separate Resolution is needed for each Program Supplement, Recipient will provide information as to who the authorized designee is to act on 6/20/2019 Page 14 257 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS behalf of the Recipient to bind Recipient with regard to the terms and conditions of any said Program Supplement or amendment and will provide a copy of that additional Resolution to State with the Program Supplement or any amendment to that document. C. Termination 1. Termination Convenience by State a. State reserves the right to terminate funding for any Program Supplement, subject to CaISTA approval, upon written notice to Recipient in the event that Recipient fails to proceed with Project work in accordance with the Program Supplement, or otherwise violates the conditions of this Agreement and/or the Program Supplement or the funding allocation such that substantial performance is significantly endangered. b. No such termination shall become effective if, within thirty (30) days after receipt of a notice of termination, Recipient either cures the default involved or, if not reasonably susceptible of cure within said thirty (30)-day period, Recipient proceeds thereafter to complete the cure in a manner and time line acceptable to State. Any such termination shall be accomplished by delivery to Recipient of a notice of termination, which notice shall become effective not less than thirty (30) days after receipt, specifying the reason for the termination, the extent to which funding of work under this Agreement is terminated and the date upon which such termination becomes effective, if beyond thirty (30) days after receipt. During the period before the effective termination date, Recipient and State shall meet to attempt to resolve any dispute. c. Following a fund encumbrance made pursuant to a Program Supplement, if Recipient fails to expend GGRF or SB 1 monies within the time allowed specified in the Program Supplement, those funds may revert, and be deemed withdrawn and will no longer be available to reimburse Project work unless those funds are specifically made available beyond the end of that Fiscal Year through re -appropriation or other equivalent action of the Legislature and written notice of that action is provided to Recipient by State. d. In the event State terminates a Program Supplement for convenience and not for a default on the part of Recipient as is contemplated in this section, Recipient shall be reimbursed its authorized costs up to State's proportionate and maximum share of allowable Project costs incurred to the date of Recipient's receipt of that notice of termination, including any unavoidable costs reasonably and necessarily incurred up to and following that termination date by Recipient to effect such termination following receipt of that termination notice. 2. Termination After Recipient's Obligations Fully Performed Following project completion, and all obligations as defined in the TIRCP Guidelines, CARB Guidelines, and Program Supplement are fully performed, including Project completion of all deliverables and reporting, the Program Supplement shall be terminated. If the Project 6/20/2019 Page 15 258 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS obligations are not fully performed, as defined under this section, the Recipient may be required to fully or partially repay funds. D. Third Party Contracting 1. Recipient shall not award a construction contract over $10,000 or other contracts over $25,000 [excluding professional service contracts of the type which are required to be procured in accordance with Government Code Sections 4525 (d), (e) and (f)] on the basis of a noncompetitive negotiation for work to be performed under this Agreement without the prior written approval of State. Contracts awarded by Recipient, if intended as local match credit, must meet the requirements set forth in this Agreement regarding local match funds. 2. Any subcontract entered into by Recipient as a result of this Agreement shall contain the provisions of ARTICLE III — GENERAL PROVISIONS, Section 2. Audits and Reports and shall mandate that travel and per diem reimbursements and third -party contract reimbursements to subcontractors will be allowable as Project costs only after those costs are incurred and paid for by the subcontractors. 3. In addition to the above, the preaward requirements of third party contractor/consultants with local transit agencies should be consistent with Local Program Procedures (LPP-00-05). E. Change in Funds and Terms/Amendments This Agreement and the resultant Program Supplements may be modified, altered, or revised only with the joint written consent of Recipient and State. F. Project Ownership 1. Unless expressly provided to the contrary in a Program Supplement, subject to the terms and provisions of this Agreement, Recipient, or a designated subrecipient acceptable to State, as applicable, shall be the sole owner of all improvements and property included in the Project constructed, installed or acquired by Recipient or subrecipient with funding provided to Recipient under this Agreement. Recipient, or subrecipient, as applicable, is obligated to continue operation and maintenance of the physical aspects of the Project dedicated to the public transportation purposes for which Project was initially approved unless Recipient, or subrecipient, as applicable, ceases ownership of such Project property; ceases to utilize the Project property for the intended public transportation purposes; or sells or transfers title to or control over Project and State is refunded the Credits due State as provided in paragraph (2) herein below. 2. Project right-of-way, Project facilities constructed or reconstructed on the Project site and/or Project property (including vehicles and vessels) purchased by Recipient (excluding temporary construction easements and excess property whose proportionate resale proceeds are distributed pursuant to this Agreement) shall remain permanently dedicated to the described 6/20/2019 Page 16 259 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS public transit use in the same proportion and scope, and to the same extent as mandated in the Program Supplement, unless State agrees otherwise in writing. Vehicles acquired as part of Project, including, but not limited to, buses, vans, rail passenger equipment, shall be dedicated to that public transportation use for their full economic life cycle, which, for the purpose of this Agreement, will be determined in accordance with standard national transit practices and applicable rules and guidelines, including any extensions of that life cycle achievable by reconstruction, rehabilitation or enhancements. The exceptions to this section are outlined below: a. Except as otherwise set forth in this Section 3, State, or any other State -assignee public body acting on behalf of the CTC, shall be entitled to a refund or credit (collectively the Credit), at State's sole option, equivalent to the proportionate Project funding participation received by Recipient from State if Recipient, or a sub -recipient, as applicable, (i) ceases to utilize Project for the original intended public transportation purposes or (ii) sells or transfers title to or control over Project. If federal funds (meaning only those federal funds received directly by Recipient and not federal funds derived through or from the State) have contributed to the Project, Recipient shall notify both State and the original federal source of those funds of the disposition of the Project assets or the intended use of those sale or transfer receipts. b. State shall also be entitled to an acquisition credit for any future purchase or condemnation of all or portions of Project by State or a designated representative or agent of State. c. The Credit due State will be determined by the ratio of State's funding when measured against the Recipient's funding participation (the Ratio). For purposes of this Section 4, the State's funding participation includes federal funds derived through or from State. That Ratio is to be applied to the then present fair market value of Project property acquired or constructed as provided in (d) and (e) below. d. For Mass Transit vehicles, this Credit [to be deducted from the then remaining equipment value] shall be equivalent to the percentage of the full extendable vehicle economic life cycle remaining, multiplied by the Ratio of funds provided for that equipment acquisition. For real property, this same funding Ratio shall be applied to the then present fair market value, as determined by State, of the Project property acquired or improved under this Agreement. e. Such Credit due State as a refund shall not be required if Recipient dedicates the proceeds of such sale or transfer exclusively to a new or replacement State approved public transit purpose, which replacement facility or vehicles will then also be subject to the identical use restrictions for that new public purpose and the Credit ratio due State should that replacement project or those replacement vehicles cease to be used for that intended described pre -approved public transit purpose. i. In determining the present fair market value of property for purposes of calculating State's Credit under this Agreement, any real property portions of the Project site contributed by Recipient shall not be included. In determining State's proportionate funding 6/20/2019 Page 17 260 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS participation, State's contributions to third parties (other than Recipient) shall be included if those contributions are incorporated into the Project. ii. Once State has received the Credit as provided for above because Recipient, or a sub -recipient, as applicable, has (a) ceased to utilize the Project for the described intended public transportation purpose(s) for which State funding was provided and State has not consented to that cessation of services or (b) sold or transferred title to or control over Project to another party (absent State approval for the continued transit operation of the Project by that successor party under an assignment of Recipient's duties and obligations), neither Recipient, subrecipient, nor any party to whom Recipient or subrecipient, as applicable, has transferred said title or control shall have any further obligation under this Agreement to continue operation of Project and/or Project facilities for those described public transportation purposes, but may then use Project and/or any of its facilities for any lawful purpose. iii. To the extent that Recipient operates and maintains Intermodal Transfer Stations as any integral part of Project, Recipient shall maintain each station and all its appurtenances, including, but not limited to, restroom facilities, in good condition and repair in accordance with high standards of cleanliness (Public Utilities Code section 99317.8). Upon request of State, Recipient shall also authorize State -funded bus services to use those stations and appurtenances without any charge to State or the bus operator. This permitted use will include the placement of signs and informational material designed to alert the public to the availability of the State -funded bus service (for the purpose of this paragraph, "State -funded bus service" means any bus service funded pursuant to Public Utilities Code section 99316). G. Disputes Parties shall develop a mutually agreed upon issue resolution process, as described below, and issues between the Parties are to be resolved in a timely manner. The Parties agree to the following: 1. If the Parties are unable to reach agreement on any particular issue relating to either Parties' obligations pursuant to this Agreement, the Parties agree to promptly follow the issue resolution process as outlined below: a. The Department's project manager and the Recipient's equivalent may initiate the process of informal dispute resolution by providing the other Party with written notice of a dispute. The written notice shall provide a clear statement of the dispute, and shall refer to the specific provisions of this Agreement or Program Supplement that pertain to the dispute. The Department's project manager and the Recipient's equivalent shall meet and attempt to resolve the dispute within five days from the written notice. If the dispute is resolved, the Parties shall create and sign a short description of the facts and the resolution that was agreed upon by the Parties. b. If the dispute is not resolved by the fifth day from the written notice, the Department's senior project manager and the Recipient's equivalent shall meet and review the 6/20/2019 Page 18 261 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS dispute within five days. The Department's senior project manager and the Recipient's equivalent manager shall attempt to resolve the dispute within ten days of their initial meeting. If the dispute is resolved, the Parties shall create and sign a short description of the facts and the resolution that was agreed upon by the Parties. c. If the dispute is not resolved by the tenth day, the Department's Director or his designee and the Recipient's equivalent manager shall meet and review the dispute within five days. The Department's Director or his designee and the Recipient's equivalent manager shall attempt to resolve the dispute within ten days of the initial meeting. If the dispute is resolved, the Parties shall create and sign a short description of the facts and the resolution that was agreed upon by the Parties. If the dispute is not resolved by the tenth day by the Department's Director or his designee and the Recipient's equivalent manager, the Parties shall submit the matter to the Secretary of CaISTA for a final administrative determination. H. Hold Harmless and Indemnification 1. Neither State nor any officer or employee thereof shall be responsible for any damage or liability occurring by reason of anything done or omitted to be done by Recipient, its agents and contractors under or in connection with any work, authority, or jurisdiction delegated to Recipient under this Agreement or any Program Supplement or as respects environmental clean- up obligations or duties of Recipient relative to Project. It is also understood and agreed that, Recipient shall fully defend, indemnify and hold the CTC and State and their officers and employees harmless from any liability imposed for injury and damages or environmental obligations or duties arising or created by reason of anything done or imposed by operation of law or assumed by, or omitted to be done by Recipient under or in connection with any work, authority, or jurisdiction delegated to Recipient under this Agreement and all Program Supplements. 2. Recipient shall indemnify, defend and hold harmless State, the CTC and the State Treasurer relative to any misuse by Recipient of State funds, Project property, Project generated income or other fiscal acts or omissions of Recipient. I. Labor Code Compliance Recipient shall include in all subcontracts awarded using Project funds, when applicable, a clause that requires each subcontractor to comply with California Labor Code requirements that all workers employed on public works aspects of any project (as defined in California Labor Code §§ 1720-1815) be paid not less than the general prevailing wage rates predetermined by the Department of Industrial Relations as effective the date of Contract award by the Recipient. J. Non -Discrimination Clause 1. In the performance of work under this Agreement, Recipient, its contractor(s) and all subcontractors, shall not unlawfully discriminate, harass or allow harassment against any employee or applicant for employment because of sex, race, color, ancestry, religious creed, 6/20/2019 Page 19 262 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS national origin, physical disability, mental disability, medical condition, age, marital status, family and medical care leave, pregnancy leave, and disability leave. Recipient, its contractor(s) and all subcontractors shall ensure that the evaluation and treatment of their employees and applicants for employment are free from such discrimination and harassment. Recipient, its contractor(s) and all subcontractors shall comply with the provisions of the Fair Employment and Housing Act (Government Code section 12900 et seq.), and the applicable regulations promulgated thereunder (California Code of Regulations, Title 2, section 7285 et seq.). The applicable regulations of the Fair Employment and Housing Commission implementing Government Code section 12990 (a-f), set forth in Chapter 5 of Division 4 of Title 2 of the California Code of Regulations, are incorporated into this Agreement by reference and made a part hereof as if set forth in full. Each of Recipient's contractors and all subcontractors shall give written notice of their obligations under this clause to labor organizations with which they have a collective bargaining or other agreements, as appropriate. 2. Each of the Recipient's contractors, subcontractors, and/or subrecipients shall give written notice of their obligations under this clause to labor organizations with which they have collective bargaining or other labor agreements. The Recipient shall include the non- discrimination and compliance provisions hereof in all contracts and subcontracts to perform work under this Agreement. 3. Should federal funds be constituted as part of Project funding or compensation received by Recipient under a separate Contract during the performance of this Agreement, Recipient shall comply with this Agreement and with all federal mandated contract provisions as set forth in that applicable federal funding agreement. 4. Recipient shall include the non-discrimination and compliance provisions of this clause in all contracts and subcontracts to perform work under this Agreement. 5. The Recipient shall comply with the nondiscrimination program requirements of Title VI of the Civil Rights Act of 1964. Accordingly, 49 CFR 21 (Nondiscrimination in Federally -Assisted Programs of The Department Of Transportation —Effectuation of Title VI of The Civil Rights Act of 1964) and 23 CFR Part 200 (Title VI Program and Related Statutes —Implementation and Review Procedures) are made applicable to this Agreement by this reference. Wherever the term "Contractor" appears therein, it shall mean the Recipient. 6. The Recipient shall permit, and shall require that its contractors, subcontractors, and subrecipients will permit, access to all records of employment, employment advertisements, application forms, and other pertinent data and records by the State Fair Employment Practices and Housing Commission or any other agency of the State of California designated by Department to investigate compliance with this Section J. K. State Fire Marshal Building Standards Code The State Fire Marshal adopts building standards for fire safety and panic prevention. Such regulations pertain to fire protection design and construction, means of egress and adequacy of 6/20/2019 Page 20 263 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS exits, installation of fire alarms, and fire extinguishment systems for any State-owned or State - occupied buildings per section 13108 of the Health and Safety Code. When applicable, Recipient shall request that the State Fire Marshal review Project PS&E to ensure Project consistency with State fire protection standards. L. Americans with Disabilities Act By signing this Master Agreement, Recipient assures State that Recipient shall comply with the Americans with Disabilities Act (ADA) of 1990, which prohibits discrimination on the basis of disability, as well as all applicable regulations and guidelines issued pursuant to the ADA (42 U.S.C. 12101 et seq.). M. Access for Persons with Disabilities Disabled access review by the Department of General Services (Division of the State Architect) is required for all publicly funded construction of buildings, structures, sidewalks, curbs and related facilities. Recipient will award no construction contract unless Recipient's plans and specifications for such facilities conform to the provisions of sections 4450 and 4454 of the California Government Code, if applicable. Further requirements and guidance are provided in Title 24 of the California Code of Regulations. N. Disabled Veterans Program Requirements 1. Should Military and Veterans Code sections 999 et seq. be applicable to Recipient, Recipient will meet, or make good faith efforts to meet, the 3% Disabled Veterans Business Enterprises goals (or Recipient's applicable higher goals) in the award of every contract for Project work to be performed under these this Agreement. 2. Recipient shall have the sole duty and authority under this Agreement and each Program Supplement to determine whether these referenced code sections are applicable to Recipient and, if so, whether good faith efforts asserted by those contractors of Recipient were sufficient as outlined in Military and Veterans Code sections 999 et seq. O. Environmental Process Completion of the Project environmental process ("clearance") by Recipient (and/or State if it affects a State facility within the meaning of the applicable statutes) is required prior to requesting Project funds for right-of-way purchase or construction. No State agency may request funds nor shall any State agency, board or commission authorize expenditures of funds for any Project effort, except for feasibility or planning studies, which may have a significant effect on the environment unless such a request is accompanied with all appropriate documentation of compliance with or exemption from the California Environmental Quality Act (CEQA) (including, if as appropriate, an environmental impact report, negative declaration, or notice of exemption) under California Public Resources Code section 21080(b) (10), (11), and (12) provides an 6/20/2019 Page 21 264 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS exemption for a passenger rail project that institutes or increases passenger or commuter services on rail or highway rights -of -way already in use. P. Force Majeure Each party will be excused from performance of its obligations where such non-performance is caused by any event beyond its reasonable control, such as any non -appealable order, rule or regulation of any federal or state governmental body, Acts of God (of Acts of God (including fire, flood, earthquake, storm, hurricane or other natural disaster), war, invasion, act of foreign enemies, hostilities (regardless of whether war is declared), civil war, rebellion, revolution, insurrection, military or usurped power or confiscation, terrorist activities, nationalization, government sanction, blockage, embargo, labor dispute, strike, lockout or interruption, provided that the party excused hereunder shall use all reasonable efforts to minimize its non- performance and to overcome, remedy or remove such event in the shortest practical time. Should a force majeure event occur which renders it impossible for a period of forty-five (45) or more consecutive days for either party to perform its obligations hereunder, the Parties agree to negotiate in good faith to amend the existing Master Agreement or Supplemental Agreement to deal with such event and to seek additional sources of funding to continue the operation of the Service. ARTICLE IV — MISCELLANEOUS PROVISIONS Section 1. Miscellaneous Provisions A. Successor Acts All statutes cited herein shall be deemed to include amendments to and successor statutes to the cited statues as they presently exist. B. Successor and Assigns to the Parties Neither this Agreement nor any right, duty or obligation hereunder may be assigned, transferred, hypothecated or pledged by any party without the express written consent of the other party; provided, that unless otherwise expressly required herein, a party shall not be obligated to obtain the written consent of the other party with respect to any contract related to the Service for the provision of goods and/or services to the contracting party in the ordinary course of business. C. Notice Any notice which may be required under this Agreement shall be in writing, shall be effective when received, and shall be given by personal service, or by certified or registered mail, return receipt requested, to the addresses set forth below, or to such other addresses as may be specified in writing and given to the other party in accordance herewith. If given to the Department: 6/20/2019 Page 22 265 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS State of California Department of Transportation Division of Rail and Mass Transportation P.O. Box 942874 Sacramento, CA 994274-0001 Attention: Division of Rail and Mass Transit TIRCP Contract Manager, Mail Stop 39 with a copy to: California State Transportation Agency 915 Capitol Mall Suite 350 B Sacramento, CA 95814 If given to the Recipient: Riverside County Transportation Commission 4080 Lemon Street, 3rd Floor Riverside, CA 92501 Attention: Sheldon Peterson D. Amendment This Agreement may not be changed, modified, or amended except in writing, signed by the parties hereto, and approved in advance in writing by the Secretary, and any attempt at oral modification of this Agreement shall be void and of no effect. E. Representation and Warranties of the Parties 1. Recipient hereby represents and warrants to the Department that: a. Recipient is in good standing under applicable law, with all requisite power and authority to carry on the activities for which it has been organized and proposed to be conducted pursuant to this Agreement. b. Recipient has the requisite power and authority to execute and deliver this Agreement and to carry out its obligations hereunder. The execution and delivery of this Agreement by such entity, the performance by it of its obligations thereunder and the consummation of the transactions contemplated thereby have been duly authorized by the governing board of such entity and no other proceedings are necessary to authorize this Agreement or to consummate the transactions contemplated thereby. The Agreements have 6/20/2019 Page 23 266 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS been duly and validly executed and delivered by such entity and constitute valid and binding obligations of such entity, enforceable against it in accordance with their terms, except to the extent that such enforceability may be subject to bankruptcy, insolvency, reorganization, moratorium or other laws now or hereinafter in effect relating to the creditor's rights and the remedy of specific enforcement and injunctive and other forms of equitable relief, and may be subject to equitable defenses and to the discretion of the court before which any proceeding therefore may be brought. c. Neither the execution and delivery of this Agreement and the performance of its obligations thereunder nor the consummation of the transactions contemplated thereby will (i) conflict with or result in a breach of any provision of any agreement to which Recipient is a party; (ii) violate any write, order, judgment, injunction, decrees, statute, rule or regulation of any court or governmental authority applicable to such entity or its property or assets. 2. The Department does hereby represent and warrant with respect to each of this Agreement to the Recipient that: a. It validly exists with all requisite power and authority to carry on the activities proposed to be conducted pursuant to this Agreement. b. It has the requisite power and authority to execute and deliver this Agreement and to carry out its obligations thereunder. The execution and delivery of this Agreement, the performance by it of its obligations thereunder and the consummation of the transactions contemplated thereby have been duly authorized and no other proceedings are necessary to authorize this Agreement or to consummate the transactions contemplated thereby. The agreements have been duly and validly executed and delivered by it and constitute valid and binding obligations, enforceable against it in accordance with their terms, except to the extent that such enforceability may be subject to bankruptcy, insolvency, reorganization, moratorium or other laws now or hereinafter in effect relating to creditor's rights and other forms of equitable relief, and may be subject to equitable defenses and to the discretion of the court before which any proceeding therefore may be brought. c. Neither the execution and delivery of this Agreement and the performance of its obligations thereunder nor the consummation of the transactions contemplated thereby will (i) conflict with or result in a breach of any provision of any agreement to which the Recipient is a party; (ii) violate any writ, order, judgment, injunction, decree, statute, rule or regulation of any court or governmental authority applicable to such entity or its property or assets. F. Construction, Number, Gender and Captions The Agreements have been executed in the State of California and shall be construed according to the law of said State. Numbers and gender as used therein shall be construed to include that number and/or gender which is appropriate in the context of the text in which either is included. Captions are included therein for the purposes of ease of reading and identification. Neither 6/20/2019 Page 24 267 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS gender, number nor captions used therein shall be construed to alter the plain meaning of the text in which any or all of them appear. G. Complete Agreement This Agreement, including Appendices, constitutes the full and complete agreement of the parties, superseding and incorporating all prior oral and written agreements relating to the subject matter of this Agreement. All attached Appendices A and B are hereby incorporated and made an integral part of this Agreement by this reference. H. Partial Invalidity If any part of this Agreement is determined to be invalid, illegal or unenforceable, such determination shall not affect the validity, legality or enforceability of any other part of this Agreement and the remaining parts of this Agreement shall be enforced as if such invalid, illegal or unenforceable part were not contained herein. I. Conflicts To the extent that any provision of or requirement of this Agreement may conflict with a provision or requirement of any other agreement between the parties hereto, or between a party hereto and any other party, which is attached to this Agreement as an appendix, the priority of agreements shall be employed to resolve such conflict. In the event of a conflict, the Master Agreement controls the Program Supplement and any further Amendments. J. Counterparts This Agreement may be executed in one or more counterparts and may include multiple signature pages, all of which shall be deemed to be one instrument. Copies of this Agreement may be used in lieu of the original. K. Governing Law The Agreement shall be governed by and construed in accordance with the laws of the State of California. IN WITNESS WHEREOF, the parties hereto have executed this Agreement by their duly authorized officers. [SIGNATURES TO FOLLOW] 6/20/2019 Page 25 268 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS STATE OF CALIFORNIA RIVERSIDE COUNTY TRANSPORTATION COMMISSION DEPARTMENT OF TRANSPORTATION BY: BY: RONALD E. SHEPPARD Acting Chief, Division of Rail and Mass Transportation DATE: DATE: ANNE MAYER Executive Director APPROVED AS TO FORM AND PROCEDURE APPROVED AS TO FORM AND PROCEDURE STATE OF CALIFORNIA DEPARTMENT OF TRANSPORTATION BY: BY: Deputy Attorney General Legal Counsel DATE: DATE: 6/20/2019 Page 26 269 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS APPENDIX A TIRCP PROGRAM GUIDELINES AND DEPARTMENT DELEGATION 6/20/2019 Page 27 270 Riverside County Transportation Commission Master Agreement No. 64RCTCMA Program Supplement No. 08RCTCPS APPENDIX B RECIPIENT'S RESOLUTION (INSERT AGENCY BOARD RESOLUTION) 6/20/2019 Page 28 271 2020 TRANSIT AND INTERCITY RAIL CAPITAL PROGRAM GUIDELINES OCTOBER 18, 2019 -"Ut.121_467111TAill CALIFORNIA STATE TRANSPORTATION AGENCY 272 1 TRANSIT AND INTERCITY RAIL CAPITAL PROGRAM Contents 1 Authority and Purpose 2 2 Background 2 3 Objectives 3 4 Funding 3 5 Schedule 4 6 Eligible Applicants 4 7 Eligible Projects 4 8 Project Applications 7 9 Project Evaluation 11 9.1 Primary Evaluation Criteria 11 9.2 Secondary Evaluation Criteria 12 9.3 Benefit to Priority Populations 16 10 Project Selection Process 17 11 Programming 18 12 Allocations and Project Delivery 20 12.1 Letter of No Prejudice 21 12.2 Multiyear Funding Agreement 22 12.3 Project Delivery Deadline Extensions 22 13 Project Reporting 22 14 Project Administration 24 Attachment 1: CCI Funding Guidelines for Administering Agencies 25 Attachment 2: Quantification Methodology 26 Attachment 3: Co -benefit Assessment Methodology 27 2020 TIRCP Guidelines October 18, 2019 273 2 1 Authority and Purpose The Transit and Intercity Rail Capital Program (TIRCP) was created by Senate Bill (SB) 862 (Chapter 36, Statutes of 2014) and modified by SB 9 (Chapter 710, Statutes of 2015), to provide grants from the Greenhouse Gas Reduction Fund (GGRF) to fund transformative capital improvements that will modernize California's intercity, commuter, and urban rail systems, and bus and ferry transit systems, to significantly reduce emissions of greenhouse gases, vehicle miles traveled, and congestion. The legislation of these bills is codified in Sections 75220 through 75225 of the Public Resources Code (PRC). Assembly Bill (AB) 398 (Chapter 135, Statutes of 2017) extended the Cap -and -Trade Program that supports the TIRCP from 2020 through 2030. SB 1 (Chapter 5, Statutes of 2017) continues to provide a historic funding increase for transportation with funds directed to the TIRCP from the Public Transportation Account for new programming in this cycle. Section 75224 of the PRC requires the California State Transportation Agency (CaISTA) to approve a new five-year Program of Projects not later than April 1, 2020. The 2020 TIRCP grant cycle will program projects starting with the 2020-21 fiscal year and ending with the 2024-25 fiscal year. The new program cycle will include previously awarded and active Cycle 3 projects that have not been fully allocated by the end of the 2019-20 fiscal year, and new projects from Cycle 4. The GGRF and SB 1 continue to provide substantial funding available to be programed toward new projects in the TIRCP. While funding estimates for the program are considered reasonable as of the date of the guidelines, GGRF funds are subject to impacts from market forces and auction proceeds. These guidelines describe the policy, standards, criteria, and procedures for the development, adoption, evaluation and administration of the TIRCP. The guidelines were developed in consultation with the California Air Resources Board (CARB), the California Transportation Commission (Commission), the Department of Transportation (Caltrans), and the Strategic Growth Council (SGC), and will be further informed by input received through workshops, public comments and written responses. 2 Background AB 32 (Chapter 488, Statutes of 2006), the Global Warming Solutions Act of 2006, AB 32 created a comprehensive program to reduce greenhouse gas emissions in California. AB 32 requires California to reduce greenhouse gas emissions to 1990 levels by 2020, and to maintain and continue reductions beyond 2020. SB 32 (Chapter 249, Statutes of 2016) established a climate goal for California to reduce greenhouse gases to 40 percent below 1990 levels by 2030. The Cap -and -Trade Program, a key element in California's Climate Change Scoping Plan, implements measure to achieve greenhouse gas reduction goals. It creates a limit on the emissions from sources responsible for 85 percent of California's greenhouse gas emissions, establishes the price signal needed to drive long-term investment in cleaner fuels and more efficient use of energy, and gives covered entities flexibility to implement the lowest -cost options to reduce greenhouse gas emissions. In 2012, the Legislature passed and Governor Brown signed into law three bills, AB 1532 (Chapter 807, Statutes of 2012), SB 535 (Chapter 830, Statutes of 2012), and SB 1018 (Chapter 39, Statutes of 2012), that established the GGRF to receive the State's portions of proceeds from the distribution of allowances via auction and provided the framework for how those auction proceeds will be appropriated and expended. Subsequent legislation, AB 1550 (Chapter 369, Statutes of 2016), modified requirements for expenditures from the GGRF relative to disadvantaged communities and low- income communities and households. State law requires that expenditures from the GGRF be used to facilitate the achievement of greenhouse gas emission reductions. In addition, Transit and Intercity Rail Capital Program expenditures must comply with the requirements contained in SB 862 and SB 9, which provide statutory direction for the program. 2020 TIRCP Guidelines October 18, 2019 274 3 3 Objectives The TIRCP was created to fund transformative capital improvements that modernize California's intercity rail, bus (including feeder buses to intercity rail services, as well as vanpool services that are eligible to report as public transit to the Federal Transit Administration), ferry, and rail transit systems (collectively referred to as transit services or systems inclusive of all aforementioned modes unless otherwise specified) to achieve all of the following policy objectives, as codified in Section 75220(a) of the PRC: 1. Reduce emissions of greenhouse gases 2. Expand and improve transit service to increase ridership 3. Integrate the rail service of the state's various rail operations, including integration with the high-speed rail system 4. Improve transit safety Additionally, Section 75221(c) of the PRC codifies a programmatic goal to provide at least 25 percent of available funding to projects that provide a direct, meaningful, and assured benefit to disadvantaged communities, consistent with the objectives of SB 535. AB 1550 provides further requirements related to ensuring investments meet the needs of priority populations, a term used to cover disadvantaged communities, low-income communities and low-income households. Investments made by TIRCP are expected to collectively meet or exceed the requirements in AB 1550. Taken as a whole, the increases in transit system ridership, as well as the reduction in vehicle miles traveled, congestion and greenhouse gas emissions, will help deliver a healthier and safer transportation system. Investments are expected to position the state to lead in the deployment of cutting edge and zero emission technologies, test innovative strategies and new approaches to reducing transportation -related fatalities, provide important new capacity in corridors that support growth in jobs and housing, and to expand multimodal transportation access and options for all Californians across all regions of the state. 4 Funding The TIRCP receives a portion of the Transportation Improvement Fee revenues established by SB 1 and a continuous appropriation of 10 percent from the quarterly Cap -and -Trade auction proceeds deposited in the GGRF, plus any annual budget allocations provided by enacted budget bills. The TIRCP fund estimate, award amount and the adopted program for TIRCP will be based on anticipated revenue through 2024-25 (as included in the call for projects). Section 75224(d) of the PRC authorizes CaISTA to enter into a multiyear funding agreement with eligible applicants for any duration. CaISTA may use this authority to program funds for a project that would depend on funds received subsequent to the five-year program, primarily intended for projects that have long construction timelines that extend beyond the 2024-25 fiscal year. The goal of such a plan is to allow a project with construction over multiple years to have a commitment of funds programmed over multiple years in order to enter into necessary contracts for construction As provided in statute, CaISTA may revise its approved Program of Projects and/or Program Allocation Plan as necessary, including deletion or delay of projects based on a shortfall of funding or lack of project progress. The Program Allocation Plan will reflect planned multi -year funding amounts for any projects or project elements expected to receive their funding over more than one year, and may be adjusted at any time to address project or program needs and to align allocations with revenues. 2020 TIRCP Guidelines October 18, 2019 275 4 5 Schedule 2020 Cycle 4 Draft Guidelines Draft Guidelines Workshops Southern CA (Los Angeles) Northern CA (Oakland) Closing Date for Comments on Draft Guidelines * CaISTA Publishes 2020 Cycle 4 Guidelines Call for Projects 2020 Cycle 4 Optional, time -limited, focused meetings for applicants to discuss project concepts and quantifications (by request and to be scheduled in various locations; Northern CA, Southern CA and Central Valley) Project Applications Due CaISTA Award Announcement *Comments can be submitted to: tircpcomments@dot.ca.gov October 14, 2019 October 15, 2019 October 15, 2019 October 18, 2019 October 18, 2019 Nov 4 through Nov 12, 2019 January 16, 2020 April 1, 2020 6 Eligible Applicants Eligible applicants must be public agencies, including joint powers agencies, that operate or have planning responsibility for existing or planned regularly scheduled intercity or commuter passenger rail service (and associated feeder bus service to intercity rail services), urban rail transit service, or bus or ferry transit service (including commuter bus services and vanpool services). Public agencies include construction authorities, transportation authorities, and other similar public entities created by statute. An applicant assumes responsibility and accountability for the use and expenditure of allocated funds. Applicants must comply with all relevant federal and state laws, regulations, policies, and procedures. Private companies may partner with eligible applicants to propose and deliver projects. 7 Eligible Projects Eligible applicants may submit project applications individually or as part of a joint application. In order to be eligible for funding under this program, a project must demonstrate that it will achieve a reduction in greenhouse gas emissions using the CARB quantification methodology. As codified in Section 75221(a) of the PRC, projects eligible for funding under the program include, but are not limited to, the following: 1. Rail capital projects, including intercity rail, commuter rail, light rail, and other fixed guideway projects. Additionally, the acquisition of rail cars and locomotives, and the facilities to support them, that expand, enhance, and/or improve existing rail systems and connectivity to existing and future transit systems, including the high-speed rail system. 2. Intercity, commuter, and urban rail projects that increase service levels, improve reliability, or decrease travel times, infrastructure access payments to host railroads in lieu of capital investments, efforts to improve existing rail service effectiveness with a focus on improved operating agreements, schedules, and minor capital investments that are expected to generate increased ridership, as well as larger scale projects designed to achieve significantly larger benefits. 3. Rail, bus, and ferry integration implementation, including: a. integrated ticketing and scheduling systems and related capital investments (including integration with bus or ferry operators) b. projects enabling or enhancing shared -use corridors (both multi -operator passenger only corridors as well as passenger -freight corridors) c. related planning efforts focused on, but not limited to, delivery of integrated service not requiring major capital investment d. other service integration initiatives 2020 TIRCP Guidelines October 18, 2019 276 5 4. Bus rapid transit and other bus and ferry transit investments (including vanpool services operated as public transit and first -/last -mile solutions), and to increase ridership and reduce greenhouse gas emissions. This includes large scale deployment of zero emission vehicles and the technologies to support them, and capital investments as a component implementing transit effectiveness studies that will contribute to restructured and enhanced service. CaISTA intends to fund a small number of transformative projects that will significantly reduce vehicle miles traveled, congestion, and greenhouse gas emissions by: (1) creating a new transit system (2) increasing the capacity of an existing transit system, or (3) otherwise significantly increasing the ridership of a transit system. Significant change will be measured both in percentage terms (percent increase compared to the existing system or corridor) and in total quantity terms (increase in number of riders and passenger miles per day). Benefits from the proposed project may accrue from ridership generated on more than one transit system or corridor due to integration, and such benefits may be counted as long as the connected system or corridor has sufficient capacity to carry the increased passenger demand. The awarded projects may include, for example, both lower -cost projects focused on integration, reliability and enhancement of service, and higher -cost capital expansion projects. In addition, CaISTA seeks projects that link housing with key destinations and that improve accessibility to economic opportunities. CaISTA may also make some funding available for demonstration projects that are smaller -scale efforts with great potential to be expanded. Projects may include new approaches to attracting increased ridership such as smart phone mobile ticketing, contactless payment, or other software and hardware solutions to reduce ticketing transaction costs, or a test of a concept related to integrated ticketing, as well as intercity rail/transit effectiveness or operational planning as a component of the capital investments in improved, expanded and/or restructured service designed to cost-effectively increase ridership. Addressing the integration of rail and transit referenced in the TIRCP objectives and described in the eligible projects will require attention to network integration amongst rail and transit services. Improving integration will improve connectivity and the seamlessness of the travel experience for users by eliminating points of friction during a public transportation journey, and as a result increase ridership across multiple corridors and/or systems. These points of friction come in many forms, including but not limited to a lack of universal trip -planning information, poor service design and uncoordinated schedules, incompatible fare and ticketing policies between agencies, and unsafe and inconvenient physical connections between modes. Examples of types of network integration projects include: • Coordinated schedule and timetable planning between agencies to reduce transfer wait times and improve the seamlessness of the travel experience, and the capital projects necessary to improve such coordination and operations; • Integrated station design to accommodate existing and planned services and their service expansions, and capital projects necessary to invest in hubs at such stations; • Planning to determine opportunities to co -locate maintenance and yard facilities, as needed, and capital projects to invest in such facilities; • Service and infrastructure needs analysis to determine the feasibility of new or expanded systems that better integrate service, and the capital investment necessary to implement such services; • Station area improvements to facilitate better land uses and access by active or shared mobility modes. 2020 TIRCP Guidelines October 18, 2019 277 6 Network integration can be its own component in the application with its own scope, schedule and budget, but it must relate to the overall capital project being proposed. Where relevant, it should demonstrate support of the integration demonstrated in the vision laid out in the 2018 California State Rail Plan. CaISTA may elect to include additional network integration funding as part of a TIRCP award if it is determined that there is a need not adequately addressed by the applicant, especially if integration can be improved with regards to adjacent state -funded capital projects or state -funded rail operations. If funding for network integration is awarded to an applicant, CaISTA and Caltrans may provide technical assistance and ensure that TIRCP program and statewide goals and priorities are being addressed through the work. An applicant submitting multiple project applications must clearly prioritize its project applications. Applicants are also encouraged to identify phases or priorities within each project application, if applicable, so that available resources may be awarded to a phase or priority if the full project cannot be funded. Applicants submitting a high -dollar, single application with no scalability or separable project elements may increase the risk of having an uncompetitive project application. At the same time, applicants are advised to submit projects that are scalable where practical. In the event that available program resources expand or contract prior to the completion of the programming cycle, the CaISTA may revise the funding available for the programming cycle. While there is no minimum match requirement for this funding source, funding leverage is desirable and will be considered in the evaluation of expected project benefits. In particular, emphasis will be placed on projects that leverage funding from other greenhouse gas reduction programs such as Caltrans' Low Carbon Transit Operations Program, the SGC's Affordable Housing and Sustainable Communities and Transformative Climate Communities Programs, CARB's Low Carbon Transportation funding program, or the Hybrid and Zero -Emission Truck and Bus Voucher Program (HVIP), leveraging of funding from SB1 sources (including formula program sources), or the leveraging of funding from other federal, state, local, regional, or private sources (including potential local transportation funding measures, as further detailed in Section 11), with consideration of those sources that are discretionary (including competitive and noncompetitive funding sources) compared to those that are non -discretionary. A recipient of money under the program may combine funding from the program with other state funding (if allowed), including, but not limited to, the State Transportation Improvement Program, the Low Carbon Transit Operations Program, clean vehicle programs, and state transportation bond funds. If a project is awarded funds, all funds identified as committed to the project may be required as a funding match at the time of project selection and, based on the matching percentage identified at the time of selection, a pro-rata reimbursement agreement (or other suitable agreement) may be established to ensure project savings are returned proportionally. Project completion savings are returned proportionally except when an agency has committed additional funds to the project to fund a cost increase. In such instances, savings at project completion may be returned to other fund types first, until proportions match those at programming. If capital assets are removed from service before the end of their useful life, pro-rata repayment of grant funds may be required. Redeployment of capital assets to achieve similar, or greater, benefits more effectively may be permitted, but must be documented (with documentation including a detailed justification of the requested redeployment) by the grantee and approved in advance by CaISTA. For example, once a project is operational, and after monitoring service performance and determining that it was not performing as expected, redeploying bus service to achieve greater greenhouse gas reductions or better serve priority populations based on current needs may be permitted. If an implementing agency receives funding for a project that is to be completed with other funds (for example, a project which receives funds for plans, specifications, and estimates from the TIRCP but which will receive local measure funding for construction), that agency is required to complete the project as proposed. If the project is not completed and put into service as awarded, the agency may be required to fully or partially repay funds from the TIRCP commensurate with the failure to complete the project and deliver anticipated reductions in greenhouse gas emissions. 2020 TIRCP Guidelines October 18, 2019 278 7 Prior to the project application due date, CaISTA intends to invite interested eligible applicants to optional meetings (as outlined in the calendar section of the document) to discuss proposed project concepts and greenhouse gas reduction quantification in order to clarify program requirements. 8 Project Applications Applications must be submitted in accordance with the Call for Projects and by January 16, 2020. Applications will be treated in accordance with Public Records Act requirements and certain information, subject to those requirements, may be publicly disclosed. Each project application must include a signed cover letter, with signature authorizing and approving the application. The project application shall include: 1. Project title, which should be a brief non -technical description of the project type, scope, and location. 2. Project priority (if agency is submitting multiple applications). Explain the prioritization, including any state, regional or local planning efforts that support the ranking. 3. Project purpose and need. 4. Project scope. 5. Project Location — provide a map for each of the following: A. Project location denoting the project site. Provide a KML file for the project with the transit route/project location represented by lines and stops represented by points asapplicable. Project location denoting disadvantaged communities, low-income communities, and/or low-income households that will benefit from the project (Attachment 1, CCI Funding Guidelines). B. Greenhouse gas reducing features such as the transportation corridors experiencing improved air quality, surrounding land use density, housing and employment centers, transit - oriented development/sustainable communities strategy projects, active transportation infrastructure and other features, to the extent available. If available, consider including the following information on maps related to the project, as these will help in evaluating many of the secondary evaluation criteria: • Land use diversity/mix of land uses specified on the map • In addition to showing where housing exists, provide information on housing density and planned/zoned/permitted/etc. housing density; • In addition to illustrating existing employment centers, provide information on employment density, mix of employment types, and planned future employment land uses. • Current neighborhood walkability (e.g., see Affordable Housing and Sustainable Communities Program (AHSC) guidelines for sources of walkability data); • Planned and existing active transportation infrastructure (what currently exists vs. what is planned vs. what would be funded by the project) 6. Project costs. Documentation of the basis for the costs, benefits and schedules must be cited in the project application and additional detail made available upon request. The application should identify: A. Cost estimates escalated to the year of proposed delivery. Only cost estimates approved by the Chief Executive Officer or other authorized officer of the implementing agency should be used. B. The amount and source of funds committed to the project (including funding for initial operating costs). A funding commitment is defined in Section 11 of this document. 2020 TIRCP Guidelines October 18, 2019 279 8 C. The amount of TIRCP funds requested. TIRCP funds cannot be used to supplant other committed funds. D. If applying for Network Integration as a separate component, please specifically indicate the costs. 7. Project schedule including benefits reporting, the project's current status and the completion dates of all major delivery milestones. 8. Project benefits: A. A clear demonstration of the expected benefits and the proposed metrics for tracking and reporting on those benefits consistent with the CARB's Funding Guidelines. B. The description of project benefits that address all of the Primary and Secondary Evaluation Criteria listed below under Project Selection Process (Section 9), indicating that a category is not applicable, or no benefits are expected when that is the case. C. An estimate of the useful life of the project for the dominant project asset type (can be separated by project category or phase if elements of the project have independent utility and could be separately funded or placed in service). D. When investment of TIRCP is proposed to improve private infrastructure, an assessment of public and private benefits to show that the share of public benefit is commensurate with the share of public funding. E. If a project will be applying for funding from other greenhouse gas reduction programs (such as Caltrans' Low Carbon Transit Operations Program, the SGC's Affordable Housing and Sustainable Communities Program or the CARB's Low Carbon Transportation funding program) or from the Commission's Active Transportation or other program, an indication if there are separable elements that will be funded from those other sources and the applicant must clearly explain any change to the benefits of the project if the funding from that source is not awarded to the project. F. Identify and include as an attachment all studies or planning documents relevant to the proposed project. G. If applying for Network Integration, specifically indicate the benefits and how the network integration work will enhance the overall project benefits. H. A discussion of the proposed project's impact, both favorable and unfavorable, on other transit services and projects planned or underway within the corridor, including intercity rail, transit or high-speed rail services in a parallel or connecting corridor. Impacted plans should be clearly identified, and corresponding planning documents should be included as an attachment. If ridership of the other services is expected to be positively or negatively impacted by the proposed project, evidence of how the other services are to be impacted should be included in the application, including evidence of coordination with the other service providers and an estimate of multi -operator impacts where available. Project impacts that increase ridership on other services through increased transfers of passengers may be reflected in the quantification of GHG benefits only if the project also documents the ability of the connected corridor to provide capacity sufficient to accommodate the riders. If additional service must be operated by the adjoining operator, the operation of such service must be included in the calculation of emissions related to the project. If an agency recognizes value in additional efforts to integrate services with other transportation providers or enhance station access (including by active transportation) during the post -award period (and prior to the beginning of service resulting from the project), a specific task and budget for the proposed activities should be included in the project application. During application review, if additional efforts are evaluated as necessary in order to successfully address integration with other projects, systems or corridors, CaISTA may propose an additional task and assign additional funding to pursue such integration above and beyond what is requested in the project application, with the scope agreed to during development of the agreements necessary to implement the selected project. 2020 TIRCP Guidelines October 18, 2019 280 9 9. If applicable, an explanation of how some or all of the project provides direct, meaningful, and assured benefits to a disadvantaged community, low income communities or low-income households. Identify a need of that community, including how the need was established identify the portion of the project, if any, that is located within a disadvantaged community or low-income community and that addresses the need (see Section 9.3 and Attachment 1). A. If an agency plans to engage in additional efforts to consult with disadvantaged or low-income stakeholders during the post -award period (and prior to the beginning of service resulting from the project), a specific task and budget for the proposed activities should be included in the project application. Such efforts may include plans for service implementation of the specific project, addressing station access issues specific to the stakeholders, as well as developing proposals for service changes and capital investments that may be funded through future capital or operating funds or through project cost savings. Activities that address community engagement may include, but are not limited to, public workshops/meetings, door-to-door canvassing, house meetings, established website and/or social media efforts, surveys, focus groups, subcontracts with community -based organizations to conduct outreach, allocation of staff or contractor positions focused on community engagement, and advisory bodies or other shared decision -making bodies. B. The general scope of the proposed effort should be submitted in draft form, but revision and development of additional detail prior to allocation of TIRCP funding for these activities may be requested by CaISTA in order to increase the benefits of the effort. During application review, if additional efforts are seen as necessary in order to successfully address the needs of disadvantaged or low income stakeholders, CaISTA may propose an additional task and potentially assign additional funding to pursue such consultations above and beyond what is requested in the project application, with the scope agreed to during development of the agreements necessary to implement the selected project. 10. If applicable, an explanation of how the project will provide employment and workforce development and training benefits to the community, particularly to priority populations. This explanation should be accompanied by a Community Workforce Agreement, Project Labor Agreement, or some other agreement made between the applying agency and unions, community -based organizations, or other partners. If such activities are being conducted as part of the project, budget and scope elements should reflect the level of effort anticipated. 11. Address the ability to gather and analyze new datasets for public use and benefit as an outcome of the project. 12. Description of funding sources and approach to ensuring ongoing operating and maintenance costs of the project are funded through the useful life of the project (as applicable). 13. Each application must include a Project Programming Request (PPR) Form. A template of this form in Excel may be found at: https://dot.ca.gov/programs/transportation-programming/office-of- capital-improvement-programming-ocip. A. Each Project Programming Request must list Federal, State, and local funding categories by fiscal year. All applicants must demonstrate the ability to absorb any cost overruns and deliver the proposed project with no additional funding from this program beyond that provided in initial grant or cooperative agreement, and to fund initial operating costs. If the project is a scope addition to a project programmed in an earlier TIRCP cycle the revised PPR must not show supplanting of previously committed non-TIRCP funds. B. An eligible applicant may submit an application to fund a project over multiple fiscal years. The cost of each project component must be listed in the state fiscal year in which the particular project component needs to receive a Commission TIRCP allocation. For environmental studies and permits, costs should be listed in the fiscal year during which 2020 TIRCP Guidelines October 18, 2019 281 10 environmental studies will begin. Costs for the preparation of plans, specifications and estimates should be listed in the fiscal year during which this work will begin. Right of way costs should be listed in the fiscal year(s) during which each right of way acquisition (including utility relocation) contract will first be executed. Construction costs should be programmed in the fiscal year during which each construction contract needs to receive a Commission TIRCP allocation to be advertised, and if an agency can receive TIRCP construction reimbursements over multiple fiscal years to fund a contract of extended duration, the application should list the amounts by fiscal year over which construction funding is required to meet expected contract requirements. C. If a project is expected to require multiple contracts for any stage of project development, each contract should be listed separately with its respective funding requirements, so that Commission TIRCP allocations may be sought in the programming year close to the specific contract need and funding allocations are put to timely use. D. Applicants are encouraged to submit a narrative explanation or supplement to the PPR to reflect the proposed contracting approach and describing the ability of the project to receive funds on alternative allocation schedules. If a project has a special cash flow consideration that would benefit from TIRCP funds being available at a particular time, please describe this in the application. E. Finally, if a project is only requesting funds for a particular phase of the proposed project, such as a construction contract expected to be awarded in a specific year of the program, identify the prior phases and the funding associated with them. 14. Letters of support for project implementation, including letters from: A. Project partners essential to project implementation, such as host railroads or facility owners. If TIRCP funds are to be used at a later stage of project implementation (such as construction), and an agency is able to commit to delivering the project goals with no additional TIRCP funding (supplementing, if necessary, from non-TIRCP sources), letters of support may indicate overall support for the project as described in the application and willingness to engage in best efforts to achieve a formal agreement for the construction elements of the project that will still require a future stakeholder agreement. Commission allocation of awarded TIRCP funding for such future construction will be conditioned on such agreements being finalized and the project being implemented in a manner consistent with the original application. B. A Metropolitan Planning Organization (MPO), indicating that the project is consistent with an adopted Sustainable Communities Strategy, or in non-MPO regions, a regional plan to reduce greenhouse gas emissions. (It is not necessary to establish project eligibility for an MPO to indicate its specific support for the project.) C. Regional agency oragencies. D. Members of the community, including representatives of impacted disadvantaged or low- income communities. Letters from community organizations stating their recognition of benefits from the project are encouraged. E. Additional stakeholders relevant to the proposed project. 15. Description of project elements that are separable or scalable based on available funding, if applicable, while still maintaining independent utility. For example, if an application is for improving services on three routes, each route may be separately described and prioritized so that the highest -priority portion of the application could be funded if resources are not sufficient for full project funding. If some or all of the project is already programmed using state or federal funds, the application must clearly explain if and how the scope of the project has changed since the most recent state or federal programming action, including an explanation of any differences 2020 TIRCP Guidelines October 18, 2019 282 11 in assumed federal funding level compared to the most recent Capital Investment Grant report or summary (if applicable). If the project is not scalable or separable, the applicant should provide background detailing why it is not practical for it to be phased or scaled. Documentation of the basis for the costs, benefits, and schedules must be included in the project application and additional detail made available upon request. CaISTA will post basic project application information from all applications on its website prior to awarding funding. After projects are selected, CaISTA will post the status of all project applications to its website. CaISTA encourages project applicants to carefully consider how to track the status and benefits of the proposed project, including having project budgets that allow for an appropriate level of before and after data collection and analysis (e.g., greenhouse gas reductions, diesel particulate matter reductions, increased transit service for disadvantaged community residents, etc.). This tracking could take the form of customer surveys made before and after the proposed project, specific data analysis before and after the project, or other efforts. Since this is an ongoing funding program of the state, developing lessons learned and good supporting data are critical to future program effectiveness. 9 Project Evaluation Applications will receive an initial screening for completeness and eligibility. Incomplete or ineligible applications may not be evaluated. 9.1 Primary Evaluation Criteria Projects will be selected through a competitive process. The primary evaluation will be based on how well a project meets the objectives of the program, as further expanded upon by the grant evaluation considerations in statute: 1. Reduce greenhouse gas (GHG) emissions. CARB has developed a quantification methodology for estimating greenhouse gas reductions that may occur as a result of project implementation (see Attachment 2). The inputs and assumptions behind these calculations must be thoroughly documented as part of the application. Applicants should present project elements that are scalable or separable in a manner that allows the greenhouse gas emission reductions of each element to be understood. Total cost per ton of carbon dioxide equivalents (CO2e) reduction and Transit and Intercity Capital Program funding per ton of CO2e reduction will be primary elements of the evaluation for project selection. Applicants must quantify greenhouse gas reductions (see Attachment 2) and submit reporting information in accordance with the CARB's Funding Guidelines (see Attachment 1), including reporting on benefits to disadvantaged communities, low-income communities, and/or low- income households. Highly rated projects will exhibit a low cost per ton of CO2e reduction and will have strong documentation of the ridership and passenger mile impacts of the project. 2. Increase ridership through expanded and improved rail and transit service (including connectivity to rail services through expanded and improved transit and/or feeder bus services). Expanding service and improved connectivity includes construction of new rail and transit infrastructure and facilities. Documentation of the assumptions and approach to estimating ridership changes is a critical component of evaluating greenhouse gas emission reductions. Highly rated projects will have significant ridership impacts relative to the project cost and well documented methodologies for establishing ridership forecasts. Projects must document the degree to which ridership growth expected over the life of the project is supported by housing policies that will support such growth, including evidence of compliance with state -required housing plans. If multiple operators benefit from or are impacted by a project, highly rated projects will document specific 2020 TIRCP Guidelines October 18, 2019 283 12 ridership results specific to each operator, including any reductions impacting other operators. Recognizing that transit -supportive land use decisions are a key influencing factor of ridership, projects may capture additional ridership from entitled housing projects within a half mile of transit stations that are expected to be delivered within required project outcome reporting period, even if such delivery is following project completion. 3. Integrate the services of the state's various rail and transit operations, including integration with the high-speed rail system, and the associated integration of services between agencies to support network -wide connectivity. Improving integration will improve connectivity and the seamlessness of the travel experience for users by eliminating points of friction during a public transportation journey. Highly rated projects will identify and address through service design and/or capital project design the opportunities to integrate services across multiple systems or corridors, where possible. 4. Improve safety. Projects that include specific measures to address safety for users or non- users of the transit or rail service should specifically note such project elements and the funding related to them. Such improvements may include grade separations, improved crossing protection at railroad crossings, or elements in transit stations that reduce the likelihood of pedestrian fatalities and injuries, among other safety elements. Such safety elements may also include elements that increase the safety of disadvantaged and/or vulnerable populations, including safer circulation for the elderly, mobility impaired, very young, and the vision impaired. Highly rated projects will have significant project element related to safety and will not leave major safety considerations unaddressed. 9.2 Secondary Evaluation Criteria Projects will also be evaluated based on the following criteria: 1. If/how much projects contribute to the implementation of sustainable communities strategies and the reduction of vehicle miles traveled and GHGs that may not be quantitatively captured in CARB's quantification methodology (discussed in Section 9.1.1). A. Reducing vehicles miles traveled from automobiles and the number of automobile trips through growth in transit ridership. B. Increasing the attractiveness of a transit -served area and/or coordinating with local governments to facilitate the location of additional employment and housing in the transit stop or station area (e.g., within %-mile of the transit station or stop that will be affected by the project and the resulting low -carbon impact of such location efficiency on statewide GHG emissions relative to the status quo. This can be accomplished by using project funding to make station areas and neighborhoods walkable, bikeable, and well -integrated with existing or planned shared mobility and transit services. Evidence that will support this co -benefit will include: • Documentation showing the siting of projects with rail stations and major transit centers located within % mile of existing or planned future housing with densities that correlate with higher transit use and lower VMT per household. • Documentation showing alignment with state housing policies and goals that seek to increase access, reduce transportation costs, improve equity, and overcome the statewide housing crisis. Applicants can demonstrate alignment in one of two ways: a. The project will serve a community within % mile of a transit station or stop that is characterized by/has one or more of the following: 2020 TIRCP Guidelines October 18, 2019 284 13 o An adopted Nondiscretionary Local Approval Process for multifamily residential and mixed -use development. o An adopted density bonus ordinance whose allowable density increase exceeds the requirements of State Density Bonus Law. o Sites with capacity and zoning appropriate to accommodate and exceed the community's Regional Housing Needs Allocation for lower -income households by 150%. o Dedicated resources to provide application guidance on streamlined permitting processes or by -right approval processes, which may include processes described in Government Code section 65913.4 (SB 35-Streamlined Ministerial Approval Process); Government Code section 65650 (AB 2162-Permanent Supportive Housing); or Government Code section 65662 (AB 101-Low Barrier Navigation Centers). o A certified General Plan EIR, Specific Plan EIR, Master EIR, or other program -level EIR, with CEQA analysis that allows streamlined environmental approvals of multifamily residential or mixed -use development at the project level. o An adopted ordinance or other policy that reduces parking requirements more than State Density Bonus Law (Government Code section 65915). o An adopted policy or procedure for deferring, reducing, or waiving traffic impact fees or other impact fees, for multifamily residential or mixed -use development. o Housing densities and residential land use percentages that meet the definition of a Transit Priority Project (PRC Section 21155).1 o An adopted Housing Overlay Zone which, when utilized, exceeds the jurisdictions share of the regional housing needs allocation. o An inclusionary housing requirement that at least 20% of newly constructed residential units are affordable to residents with household incomes of 60% or less of AMI. o An adopted financing tool that directly finances affordable housing in transit -oriented and high -opportunity areas, such as an Enhanced Infrastructure Financing District (EIFD) that directly finances affordable housing, or an adopted Revitalization Area of a Community Revitalization and Investment Authority. o Strategies in place to avoiding the displacement of local residents (e.g., city policies or development -specific protections). 1 Transit Priority Project housing density and residential land use percentages are 20 dwelling units per acre and at least 50 percent residential use, based on total building square footage and, if the project contains between 26 percent and 50 percent nonresidential uses, a floor area ratio of not less than 0.75. 2020 TIRCP Guidelines October 18, 2019 285 14 b. The applicant engages in affordable, residential transit -oriented development on land owned or leased by the transit agency, or in conjunction with a private investor making such investments within mile of one or more stations or stops served by the project. To be considered "affordable," the development must have at least 20% of units reserved for residents with 60% or less AMI. To be "transit - oriented" the housing must be within % mile of a transit station or stop and have a density of at least 20 dwelling units per acre. C. Expanding existing rail and public transit systems, to the extent not already captured in the project being applied for. Specific items that could be covered here include the expected strengthening of the existing system in a manner that will allow future investments in expansion to be considered, or the extent to which additional service may be operated due to the ridership growth achieved throughout the system due to the project, even if the specific location of the needed service increase is not yet identified. The contribution of the project to the acceleration of later phases of rail and transit projects in the region or service area may also be included in this category D. Enhancing the connectivity, integration, and coordination of the state's various transit systems, including, but not limited to, regional and local transit systems and the high- speed rail system. This category should be utilized in particular, if there are not specific capital investments or planning efforts called out in the project budget that invest in integration, but these benefits are still a co -benefit of the project. This category can also address integration across other modes of transportation, such as connections at/to: airports, bus terminals, ferry terminals, rail stations, active transportation infrastructure and networks, and other shared mobility options (e.g. bikeshare, scootershare, carshare) that help transit users overcome potential first- and last -mile barriers to transit use. E. Investing in clean vehicle technology, including efforts that will accelerate the adoption of such technology or provide valuable research or demonstration of such technology. When buses will be funded as a part of this project, special consideration will be given to zero emission bus technology. F. Promoting active transportation, by investing in infrastructure, amenities, education and outreach, etc. that will increase the proportion of trips accomplished by biking and walking. This includes efforts and investments to increase the safety and mobility of bicyclists and pedestrians. Examples of how this can be accomplished includes (but is not limited to) the following: • Bike parking/storage at transit stations and stops • Bike lanes and sidewalks to make station areas accessible via active transportation • Traffic calming elements are transit stations to make walking and biking a safer and more pleasant experience G. Improving public health, with particular emphasis on elements benefiting the most impacted and disadvantaged communities, low-income communities, and/or low- income households. This category should include any air quality impacts of the project not included in the reduction of greenhouse gas emissions, including health benefits from improved regional air quality resulting from the project. 2. Benefit to priority populations. The applicant must evaluate the criteria detailed by CARB (see Attachment 1) to determine whether the project meets criteria for providing direct, meaningful, and assured benefits to a disadvantaged community, low-income community, and/or low- income households and address a community need pursuant the CARB's Funding Guidelines, and specifically document the manner in which all or part of the project does so. Projects that will be used by residents of disadvantaged communities, low-income communities, and/or low- 2020 TIRCP Guidelines October 18, 2019 286 15 income households should document the nature of such use and its degree of relevance to disadvantaged community, low-income community, and/or low-income household residents in the service areas of the operators benefiting from the project. A. Project applicants should be explicit on the deliberate steps they take to achieve a meaningful level of participation from disadvantaged communities, low-income communities, and/or low- income households in the planning and design of projects that are intended to address community identified priorities and needs. B. As detailed in the CARB Funding Guidelines, Attachment 1, benefits to priority populations can also be demonstrated through community workforce agreements or labor agreements with unions, community -based organizations (CBOs), or other partners. The following are examples from around California that provide more background and context for applicants: • For transit infrastructure, Community Workforce Agreements (CWAs) are commonly used in California cities where local elected officials see them as a mechanism to maximize the economic benefits of development projects and create jobs for local residents. • For transit system expansion, the state's larger transit agencies (e.g., Los Angeles County Metro, BART, SFMTA, and AC Transit) regularly establish Project Labor Agreements (PLAs) for large construction projects. • CWAs and PLAs set standards for wages and expand training opportunities for workers, because they include use of the state -certified apprenticeship system and contributions to apprenticeship training trust funds for every hour worked. Some agencies that require PLAs for major subsidized housing developments and transit system expansion projects include targets for local hiring (turning the PLA into a Community Workforce Agreement, or CWA), set goals for apprenticeship utilization, and codify goals for participation of disadvantaged workers to expand access to women and other workers underrepresented in the construction trades. 3. The project priorities developed through the collaboration of two or more rail operators and any memoranda of understanding between state agencies (including intercity rail joint powers authorities) and local or regional rail operators. 4. Geographic equity, with particular attention by applicants in identifying efforts to address underserved communities within an applicant's region or service area. The Transportation Agency will separately apply geographic equity considerations at a statewide level. 5. Consistency with a plan or strategy contained in an adopted Sustainable Communities Strategy, as confirmed by the Metropolitan Planning Organization (MPO), or, in non-MPO regions, a regional plan that includes policies and programs to reduce greenhouse gas emissions. Especially in the case of large capital projects, inclusion in an applicable financially constrained SCS will be noted as evidence of regional funding commitment and enhanced likelihood of successful project delivery. Consistency with the 2018 State Rail Plan service and connectivity goals, if applicable. Projects that are part of a regional network and are considered regionally -significant should be noted as such. All referenced documents should be included as an attachment. 6. Benefits to freight movement, consistent with the Sustainable Freight Action Plan and the goals of the California Freight Mobility Plan, if applicable. In shared passenger/freight rail corridors, use this category to document and discuss GHG reductions from a greater volume of goods movement by rail if applicable. 7. The extent to which a project has supplemental funding committed to it from non -state sources, with an emphasis on projects that leverage funding from private, federal, local or regional sources that are discretionary. 2020 TIRCP Guidelines October 18, 2019 287 16 8. For expansions of service, the presence and quality of a financial plan that analyzes the financial viability of the proposed service, including the availability of any required operating financial support. Highly rated projects will address and score highly on multiple secondary evaluation criteria, with clear documentation of claimed benefits. Clear documentation will include data related to evaluating the claimed benefits to the extent available. Agencies are encouraged to document in the secondary evaluation criteria categories of verifiable greenhouse gas reducing activities associated with a project that are not specifically captured in the primary evaluation categories and in the quantification tool provided by CARB. 9.3 Benefit to Priority Populations It is a goal of this program to maximize benefits to disadvantaged communities and low-income communities and households. Pursuant to the requirements of SB 535, as amended by AB 1550, the overall California Climate Investments Program funded with Cap -and -Trade auction proceeds must result in: (1) a minimum of 25% of the available moneys in the GGRF to projects located within, and benefiting individuals living in, disadvantaged communities, (2) an additional minimum of 5% to projects that benefit low-income households or to projects located within, and benefiting individuals living in, low-income communities located anywhere in the state, and (3) an additional minimum of 5% either to projects that benefit low-income households that are outside of, but within a 1/2 mile of, disadvantaged communities, or to projects located within the boundaries of, and benefiting individuals living in, low-income communities that are outside of, but within a 1/2 mile of, disadvantaged communities. Information on California Climate Investments to Benefit Disadvantaged Communities with background on SB 535, AB 1550 and the CaIEPA California Communities Environmental Health Screening Tool 3.0 (CalEnviroScreen), can be found at; https://calepa.ca.gov/EnvJustice/GHGlnvest/. In addition to contributing benefits towards meeting or exceeding the AB 1550 investment minimums, the TIRCP has a statutory investment target for benefits to disadvantaged communities required by SB 862 (a 25% minimum). This applies across the entire program regardless of funding source. Agencies are responsible for documenting compliance with these requirements. Investments that are eligible to be counted toward AB 1550 as projects within and benefiting disadvantaged communities will also count toward meeting the SB 862 requirements. Refer to criteria in Funding Guidelines (further referenced below) for how to demonstrate benefit. SB 862 requires CARB, in consultation with CaIEPA, to develop funding guidelines for all agencies that are appropriated monies from the GGRF. These guidelines must include a component for how administering agencies should maximize benefits for disadvantaged communities. The CARB funding guidelines are referenced in Attachment 1. In reviewing efforts to maximize benefits to disadvantaged communities, low-income communities, and/or low-income households, CaISTA may request review of applications by an advisory panel representing such stakeholders during the evaluation of applications. The primary goal of this panel will be to review proposed efforts (both pre -application and those proposed for the post -award period) and to either confirm that the applicant efforts will help align the proposed project with stakeholder and community needs, or to recommend efforts that would allow such needs to be addressed (see items 9 and 10 in section 8 describing how such efforts may be requested and funded as part of project selection). 2020 TIRCP Guidelines October 18, 2019 288 17 10 Project Selection Process CaISTA will evaluate applications for compliance with the objectives of the program and rate them based on the aforementioned primary and secondary criteria, assigning ratings such as "High," "Medium- High," "Medium," "Medium -Low", and "Low" to the specific alignment of the project to each of the selection criteria, and also considering the cost per ton of CO2e reduction and the risks of successful project delivery. Because of the wide variety in the type and size of projects that can be funded from this program, CaISTA may group projects for the purpose of comparing the ratings of like applications or for purposes of comparing projects within a region. In addition, projects with clear phases or scalability may be evaluated for the portion of the project that would receive the highest rating if partial funding for the project is under consideration. The highest rated applications that meet the program objectives will be selected for programming, except that CaISTA may make adjustments to meet the AB 1550 goals of this program and to provide for geographic equity. In addition to being evaluated on the aforementioned criteria and benefit to priority populations, including addressing community needs, each application will also be assessed to determine the risk associated with the project's capacity to generate, as planned, transportation and greenhouse gas emission reduction benefits (including potential sensitivity to different project benefit outcomes), and to be delivered within budget, on time, and as designed. Additional factors to be considered include: 1. The overall need and benefit of the project in the context of its contribution to advancing later phases of the project, other aspects of a region's long-range plans or towards improving the state's interregional transportation network. 2. Project readiness and reasonableness of the schedule for project implementation, including the following: A. Progress towards achieving environmental protection requirements. B. The comprehensiveness and sufficiency of agreements with key partners (particularly infrastructure owning railroads) that will be involved in implementing the project. C. For projects that are not fully funded through construction due to funding contingencies (such as federal or local measure funds), the timing and amount of the project's future non - committed investments. 3. The leveraging and coordination of funding from other greenhouse gas reduction programs such as Caltrans' Low Carbon Transit Operations Program, the SGC's Affordable Housing and Sustainable Communities Program or the CARB's Low Carbon Transportation funding program. 4. The leveraging and coordination of funding from other private, federal, state (including SB1 funding programs like State Rail Assistance), local or regional sources, with consideration of those sources that are discretionary compared to those that are non- discretionary. 5. The alignment to the State Rail Plan, where relevant, which articulates a vision and specific service and delivery goals for coordinating schedules and physical infrastructure to deliver an integrated network by leveraging available resources. 6. The coordination of project development and delivery efforts in a regional and megaregional context to support an integrated, statewide rail and transit network. This should be articulated in the context of network integration and those agencies applying specifically for network integration funds or projects will be evaluated on their ability to describe the process for delivering an integrated project and its associated benefits. Highly rated projects will clearly communicate a compelling need for the project in terms of specific benefits for the public and will demonstrate a high degree of project readiness with few risks related to proceeding into construction and operating services that achieve the proposed benefits once the project is completed. Most highly rated projects will have an approved environmental document. Those projects 2020 TIRCP Guidelines October 18, 2019 289 18 that are requesting TIRCP funds to complete the project's funding package (when combined with already committed other funds) will clearly communicate the acceleration in project delivery possible due to receipt of TIRCP funding even if the project may ultimately have been advanced with future local and state resources at a later date. Highly rated projects will quantify the benefits of such acceleration as part of the project application. CaISTA will collaborate with other state entities when evaluating project proposals, including but not limited to: CARB, CaIEPA, the California High -Speed Rail Authority, Caltrans, the Commission, the Department of Housing and Community Development, and the Strategic Growth Council . CaISTA, or Caltrans acting on CaISTA's behalf, may request additional documentation to support statements or data provided in the applications. However, applicants should endeavor to be as clear as possible in their applications and not assume that opportunity will be provided to clarify or better support a submitted application. Supporting documentation should include spreadsheets, reports and methodology descriptions (with sources noted) when available. Applications will proceed through a multi -step review process: 1. Basic screening for completeness and eligibility. 2. Review of application for potential subdivision into project phases or components, review and analysis of ridership and GHG quantification, and summarization of project to assist technical panel review. 3. Initial rating of projects on each primary and secondary evaluation criterion (see section 9) and other additional factors (above in this section) described in the guidelines by multi -agency technical panels. 4. Consideration of technical panel ratings, geographic equity and degree of disadvantaged and/or low-income community benefits by a senior executive panel, with potential to request additional information from subject matter experts that may result in a revised rating on one or more evaluation criteria orfactors. 5. Project selection by CaISTA, taking into consideration cross -cutting and comparative selection criteria that consider overall program objectives, geographic equity and exceeding program goals for benefits to disadvantaged communities, low-income communities, and/or low-income households. 11 Programming CaISTA will publish a 5-year Program of Projects shortly after the Cycle 4 award announcement as established in the Call for Projects and will present the program to the Commission shortly thereafter (Spring 2020). When CaISTA releases the program, it will include a narrative for each approved project that describes that project's rating for primary and secondary criteria as well as special considerations to achieve disadvantaged and/or low-income community benefit and geographic equity. Subsequent 5-year programs are expected to be approved by CaISTA biennially. CaISTA may call for additional applications, or adjust the existing Program of Projects between cycles, as warranted based on the level of auction proceeds. CaISTA will develop and regularly update the Program Allocation Plan to guide the allocation of funds for the current program. The Program of Projects for each fiscal year will include the amount to be funded from the TIRCP, and the estimated total cost of each project. The yearly allocation amounts will be based on the needs of separable project components and phases or based on the cash flow needs for projects that need multiple years to complete. CaISTA will program and the Commission will allocate funding to projects in whole thousands of dollars and will include a project or project component only if it is fully funded from a combination of TIRCP and other committed funding. Funds will be considered as committed when they are programmed by the CaISTA or 2020 TIRCP Guidelines October 18, 2019 290 19 when the agency or other funding partner with discretionary authority over the funds has made its commitment to the project by ordinance, resolution or appropriate contract vehicle, or in the case of the Federal Transit Administration, recommendation of the project for funding in the Annual Report on Funding Recommendations for the Capital Investment Program. For federal formula funds, including Surface Transportation Program, Congestion Mitigation and Air Quality Improvement Program, and federal formula transit funds, the funding commitment may be by Federal approval of the Federal Statewide Transportation Improvement Program. For projects seeking federal discretionary funds such as New Starts, Core Capacity, or Small Starts, the commitment may take the form of federal acceptance into Accelerated Project Delivery and Development (in the case of Small Starts) with the expectation of federal approval of an Expedited Grant Agreement, or federal approval of a project to enter Engineering (in the case of New Starts or Core Capacity) with the expectation of federal approval of a Full Funding Grant Agreement, as long as all funding, excluding TIRCP funding, is committed to the project. A project that is programmed prior to receiving federal approval for construction may be subject to deletion from the program, if federal funds are not received, federal funding is reduced or the scope of the federal commitment changes, unless other committed funding sources are identified that replace federal funding not obtained. Applicants considering a request for an award based on a commitment contingent on federal or local funds not yet awarded to the project, as described above, should anticipate the call for 2022 TIRCP projects by October 2021. For local funding, the funding commitment may be demonstrated by inclusion of the project in a funding package, such as a sales tax measure, to be submitted to voters during this program cycle and with sufficient funding specified for the project to achieve full funding. The applicant shall provide evidence with the application that the project is included in a future funding package with funds sufficient to meet the local funding commitment when combined with other already available funds. A project that is programmed prior to receiving voter approval for project funding must succeed in receiving the voter approval, or the project may be subject to deletion from the program. For projects with other funding partners that have entered into a contract vehicle committing their funding, access to the funding must occur before TIRCP funding will be approved for allocation to the project. CaISTA may make an exception to its policy to only program a project if it is fully funded, if the project may be funded from a combination of TIRCP and other committed funding to allow a project to compete for funding from other greenhouse gas reduction programs (such as Caltrans' Low Carbon Transit Operations Program, the SGC's Affordable Housing and Sustainable Communities Program or the CARB's Low Carbon Transportation funding program) or from the Commission's Active Transportation or State Transportation Improvement Programs. A project intending to compete for funding in one of the aforementioned programs should indicate, if applicable, the separable elements to be funded from that source. A project that is programmed prior to receiving a commitment of funding from one of the aforementioned programs must receive the funding commitment no later than in the fiscal year in which the project is requesting a TIRCP allocation. If the project does not receive funding from that program and the project does not have separable elements, the project may be subject to deletion from the program. If a project does not receive their anticipated federal, local or other funding commitments, CaISTA may delete the project from the program and consider selection of projects or components of projects that were highly rated but not selected due to lack of sufficient funds from previous rounds of TIRCP applications as long as the project is still viable and deliverable consistent with Cycle 4 programming and demonstrates acceptable levels of benefits with the most current quantification methodologies. If, prior to seeking a Commission allocation, an award recipient does not make adequate progress to implement an awarded project in a timely manner or incurs delays through the action or inaction of the recipient, subrecipient or 3rd party associates, the project may be deleted from the TIRCP program. An applicant may resubmit a deleted project for consideration in future funding cycle. 2020 TIRCP Guidelines October 18, 2019 291 20 12 Allocations and Project Delivery When an agency is ready to implement a project or project component, the agency will submit an allocation request through Caltrans' Division of Rail and Mass Transportation (DRMT). Allocation requests are expected to adhere to the preparation schedule established by Caltrans Office of California Transportation Commission Liaison (OCTCL) along with any additional time required for CaISTA's review and approval of a recommendation to the Commission for an allocation of funds. For planning by an award recipient, the time required from the submittal and approval of an allocation request can range from 60 to 90 days prior to date of a scheduled Commission meeting. Caltrans will review the request and determine whether to recommend the request to the Commission for action. The Commission will consider the allocation of funds for a project only when it receives an allocation request with a recommendation from Caltrans and consistent with the TIRCP Program Allocation Plan. The recommendation will include a determination of project readiness, completion of funded phases that require completion prior to proceeding into the next phase, the availability of appropriated funding, and the availability of all identified and committed funding needed to support the specific allocation request. When Caltrans develops the project's construction allocation recommendation(s), the Commission expects Caltrans to certify the adequacy of design, the project's plans specifications and estimate are complete, right-of-way clearances are achieved, and all necessary permits and agreements (including railroad construction and maintenance) are executed. In compliance with Section 21150 of the PRC, the Commission will not allocate funds for design, right-of- way, or construction prior to documentation of environmental clearance under the California Environmental Quality Act and all needed environmental documents are provided for a Commission E- Resolution. As a matter of policy, the Commission will not allocate funds for design, right-of-way, or construction of a federally funded project prior to documentation of environmental clearance under the National Environmental Policy Act (NEPA). Exceptions to this policy may be made in instances where federal law allows for the acquisition of right-of-way prior to completion of NEPA review. If requested by the Commission, Caltrans will assist Commission staff in the preparation of agenda items presenting environmental documents to the Commission. Projects that are awarded funding for network integration are to be allocated under the construction phase, unless such efforts are part of a task within an earlier phase of work. If allocated as a separable work effort, at the time of allocation, an agency must either environmentally clear the network integration work, usually with a Notice of Exemption, or provide a written statement certifying that the network integration project is exempt. CaISTA will request the Commission approve the allocation, if the funds are available as determined by CaISTA and Caltrans, and the allocation is necessary to implement the project as included in the adopted TIRCP Program Allocation Plan and Program of Projects. If there are insufficient program funds to approve an allocation, CaISTA may delay the recommendation to allocate funds to a project until a future fiscal year without requiring a Commission action. Agencies should not request Commission allocations unless prepared to award contracts related to the allocation within six months. Funds available following the deletion of a project may be allocated to a programmed project advanced from a future fiscal year or to a project amended into the program. Once an applicant has been allocated TIRCP funding, funds are subject to timely use of awarded funds and awardees are expected to execute a contract within six months of the allocation. CaISTA may grant an extension if it finds that an unforeseen or extraordinary circumstance has occurred that justifies the extension. Details and instructions for the allocation, transfer and liquidation of funds allocated to implementing agencies are included in the Procedures for Administering Local Grant Projects in the State Transportation Improvement Program: https://dot.ca.gov/programs/local-assistance/forms/local-assistance-procedures-manual-forms 2020 TIRCP Guidelines October 18, 2019 292 21 The TIRCP is a reimbursement program for costs incurred. Costs incurred prior to Commission allocation and, for federally funded projects, federal project approval (i.e. Authorization to Proceed) are not eligible for reimbursement. Moreover, contracts against which reimbursements from TIRCP will be sought may not be awarded prior to funding allocation without specific pre -approval by CaISTA and approval of a Letter of No Prejudice by the Commission. For the procurement of rolling stock and buses, the exercising of an option or the certification of funds for TIRCP funded contract elements after Commission action may be considered to meet the milestone for contract award, provided that the agency is under no contractual obligation to pay any funds or penalty if the option is not exercised or the funds not certified. Confirmation of this approach should be sought prior to seeking an allocation of funds. Caltrans will execute all appropriate contractual agreements with the implementing agency. These agreements may include project specific conditions required by CaISTA's award announcement and will be based on the awarded scope of work, schedule for completion and expected outcome of the project. After the Commission allocation, any costs incurred for eligible work will not be reimbursed until the appropriate agreements (Master Agreement/Project Supplement Agreement) with the local agency have been executed and must remain in effect over the time required to complete capital improvements, implement services and fulfill the reporting requirements of benefits and outcomes associated with the award. Prior to the completion of project design, an agency may propose to CaISTA modifications to the proposed project in order to achieve the same or greater level of benefits or reduced costs. Funds allocated for project development or right-of-way costs must be expended by the end of the fiscal year of allocation plus two additional fiscal years, unless a longer time -frame is specifically authorized by CaISTA tied to contracting requirements. Funds allocated for construction phase contracts, including rolling stock procurement, will have an expenditure timeline determined by the project schedule. Following contract acceptance, the implementing agency has six months to make the final payment to the contractor, prepare a final report of expenditures and submit the final invoice to Caltrans for reimbursement. 12.1Letter of No Prejudice An agency may apply for a Letter of No Prejudice (LONP) for a project or for any component of a project included in the approved Program of Projects. Statutory authority is provided in Section 75225 of the PRC as added by SB 9. The Commission as authorized by statute adopted guidelines for approval of LONPs for specific programs, including the Transit and Intercity Rail Capital Program. All LONP requests must follow the Commission's currently adopted LONP guidelines. Any request for an LONP, will submitted through Caltrans for presentation to the Commission for approval. If an LONP is approved by the Commission, it allows the implementing agency to advance a project by expending its own funds (incur reimbursable expenses) for any component of the project that is the subject of the LONP prior to allocation. The amount will be reimbursed if all the following conditions are met: 1. The project or project component for which the letter of no prejudice was requested has commenced and the expenditures have been incurred. 2. The expenditures are eligible for reimbursement in accordance with applicable laws and procedures. If expenditures made by the lead applicant agency are determined to be ineligible, the state has no obligation to reimburse those expenditures. 3. The agency complies with all legal requirements for the project, including the requirements of the California Environmental Quality Act (Division 13 (commencing with Section 21000)). 4. There are moneys in the GGRF or from SB 1 revenues designated for the program that are sufficient to make the reimbursement payment. 2020 TIRCP Guidelines October 18, 2019 293 22 12.2 Multiyear Funding Agreement An agency may apply to CaISTA for a multiyear funding agreement. Statutory authority is provided in Section 75224 (d) of the PRC. Any such agreements shall be implemented in cooperation with the Commission. If approved by CaISTA, the multiyear funding agreement would operate similar to a federal Full Funding Grant Agreement, wherein an agency may receive an allocation and implement a project at risk, with receipt of future state revenue dependent on legislative appropriation and/or receipt of program SB 1 revenue or Cap -and - Trade auction proceeds. The state would not be responsible for any borrowing costs an agency may incur, or other costs, allocated with the timeline of state revenue availability. Pursuant to Section 75224, the multiyear funding agreement would be for an amount of program money and for any duration, as determined jointly by the CaISTA and the applicant. CaISTA may agree to a duration that exceeds the five-year programming cycle, if deemed helpful in completing large transformative capital projects. Other requirements for the program will be included in the multiyear funding agreement as determined by CaISTA in cooperation with the applicant and the Commission. 12.3 Project Delivery Deadline Extensions CaISTA may grant a deadline extension if it finds that an unforeseen or extraordinary circumstance has occurred that justifies the extension. The extension will not exceed the period of delay directly attributable to the extraordinary circumstance. There are separate deadlines, for award of a contract, for expenditures for project development or right-of-way, and for project completion, and each project component has its own deadlines. CaISTA may grant the extension of a deadline for award of a contract, for expenditures for project development or right-of-way, for project completion, and for project reimbursement. All requests for project delivery deadline extensions should be submitted by the agency responsible for project delivery to Caltrans at least 60 days prior to the specific deadline for which the particular extension is requested (e.g., 60 days prior to June 30 to request the extension of allocation deadlines). The extension request should describe the specific circumstance that justifies the extension and identify the delay directly attributable to that circumstance. Caltrans will review extension requests and forward them to CaISTA for approval. 13 Project Reporting As a condition of the project selection and allocation, the implementing agency must submit to Caltrans quarterly reports on the activities and progress made toward implementation of the project and a final delivery report. The purpose of the reports is to ensure that the project achieves the goals of the program, is executed in a timely fashion, and is within the scope and budget identified when the decision was made to fund the project. Recordkeeping and reporting requirements will apply through the life of the project. All recordkeeping and reports must be consistent with the reporting requirement, quantification methodologies and records retention periods developed by CARB (see Attachments 1, 2 and 3). At a minimum, agencies must report on all projects selected for funding, progress on each funded project, and the benefits (GHG and co -benefits) achieved. Implementing agencies should note that additional reporting may be required for some projects, referred to as Project Outcome Reporting, or be modified based on the evolving needs of the program. For projects benefiting disadvantaged communities, low-income communities, and/or low-income households, reports must identify and include metrics to demonstrate the benefits being achieved and how community needs are being met, consistent with CARB's Funding Guidelines. Some reported project information will be publicly available on the CARB website, including the amount of funding that is being spent on projects that benefit disadvantaged communities, low- income communities, and/or low-income households. 2020 TIRCP Guidelines October 18, 2019 294 23 Consistent with CARB's Funding Guidelines, beginning with this round of funding, local agencies will now be required to report on job co -benefits, in addition to all other reporting requirements. Job co -benefits refer to California jobs supported, not created, by California Climate Investments. Jobs supported by California Climate Investments include direct, indirect, and induced employment. At the time of application, applicants are required to submit a job co -benefit modeling tool, which is based upon a co -benefit assessment methodology developed by CARB. Once an awarded project has been implemented, funding recipients will also be required to report actual (not modeled) jobs data via the semi- annual reporting process. Within one year of the project becoming operable, the implementing agency must provide a final delivery report to Caltrans which includes: 1. The scope of the completed project as compared to the programmed project. 2. Performance outcomes derived from the project as compared to those described in the project application. This should include before and after measurements and estimates (ridership/service levels, greenhouse gas reductions included updated estimates the greenhouse gas reductions over the life of the project, benefit to disadvantaged communities, low-income communities, and/or low-income households, project co -benefits, etc.), and an explanation of the methodology used to quantify the benefits. 3. Before and after photos documenting the project. 4. The final costs as compared to the approved project budget by component and fund type, and an estimate of the TIRCP funds spent to benefitdisadvantaged communities, low-income communities, and/or low-income households. 5. Its duration as compared to the project schedule in the project application. For all projects other than components that fund limited -term operations of new and expanded transit service, annual reporting on outcomes will continue for 36 months after becoming operational (i.e., vehicle or equipment is operational, or construction is complete and transit service is operational). The metrics to be reported vary by project type as shown in the table below. Capital Improvements that Result in New or Expanded Transit Service or Increase Mode Share on Existing Transit Service Metric Unit Method Tracking dates of data submission mm/dd/yyyy n/a Days of operation per year Days/year Evaluation of service schedule Average daily ridership Unlinked trips/day Ridership survey (conducted by city, county, district/authority, metropolitan planning organization, non-profit, or academia), ticket and transit pass sales, automatic passenger counter, driver counts, etc. New Vehicle(s) Metric for Existing Transit Unit Service Method Tracking dates of data submission mm/dd/yyyy n/a Fuel/energy consumption or vehicle miles traveled Gallons/year by fuel type, kWh/year, Evaluation of fueling, utility, mileage, or other operating records Range in fuel/energy consumption or annual vehicle miles traveled scf/year, or vehicle miles traveled/year 2020 TIRCP Guidelines 295 October 18, 2019 24 Upon request from the implementing agency, Caltrans may consider requests to delay reporting on before and after or other performance outcome data until two years after project operation if similar data is requested by the Federal Transit Administration or if the agency deems such delay would improve the reliability of the report. For the purpose of this section, a project becomes operable when the construction contract is accepted or acquired equipment is received. The State of California has the right to review project documents and conduct audits during project implementation and over the life of the project. Caltrans or another State agency may audit a sample of TIRCP projects to evaluate the performance of the project, determine whether project costs incurred and reimbursed are in compliance with the executed project agreement or approved amendments thereof; state and federal laws and regulations; contract provisions; and program guidelines, and whether project deliverables (outputs) and outcomes are consistent with the project scope, schedule, and benefits described in the executed project agreement or approved amendments thereof. A report on the projects audited must be submitted by the auditing agency to CaISTA. 14 Project Administration Caltrans will administer the TIRCP consistent with these guidelines and all applicable Commission and Caltrans policies and procedures for the administration of similar grant programs. Projects awarded funding from TIRCP are expected to document and publicize the Transit and Intercity Rail Capital Program in proper context when developing press releases and board documents, or in hosting public events such as project groundbreakings. References should be made to TIRCP, the California State Transportation Agency as the program sponsor, and the Greenhouse Gas Reduction Fund and SB 1 program as fund sources, as applicable, in order to ensure transparency regarding the funding of the project. Additional details will be provided to program award recipients. Agencies must encumber and expend monies consistent with State law and ensure that GGRF monies are utilized consistent with the expenditure record submitted by Caltrans and required by SB 1018. A determination that use of GGRF monies is not consistent with the expenditure record and does not further the purposes of AB 32 may occur during legal proceedings or during an audit or program review conducted by the Bureau of State Audits, Department of Finance, a third -party auditor, or the CARE. Depending on the outcome of those proceedings or review, agencies may be required to return monies to the state if expenditures are not consistent with the statutory requirements (such as not furthering the purposes of AB 32). Audits and on -site monitoring can take place at any time at the discretion of CaISTA without prior warning given to the agency. CaISTA has the right to audit the project records, including technical and financial data of the Project Applicant, the Implementing Agency, and any consultant or sub -consultants at any time after award, during the course of the project and for three years from the date of the final closeout of the project, therefore all project records shall be maintained and made available at the time of request. The state may terminate the grant for any reason at any time if it learns of or otherwise discovers that there are allegations supported by reasonable evidence that a violation of any state or federal law or policy by the grantee which affects performance of this or any other grant agreement or contract entered into with the State. If a grant is terminated, the agency may be required to fully or partially repay funds from the TIRCP. 2020 TIRCP Guidelines October 18, 2019 296 25 Attachment 1: CCI Funding Guidelines for Administering Agencies Investments to Benefit Disadvantaged Communities and Low -Income Communities and Households The California Air Resources Board (CARB) released the "Funding Guidelines for Agencies Administering California Climate Investments" (Funding Guidelines) on August 30, 2018. The 2018 Funding Guidelines provide flexibility in implementing a diverse set of investments while maintaining transparency of outcomes and ensuring meaningful community benefits from these investments. These guidelines align with the Legislature's priorities found in AB 398 and Fiscal Year (FY) 2017-18 appropriations. These guidelines reflect the increasingly important role of California Climate Investments in facilitating the reduction of greenhouse gases while also reducing air pollution, helping communities adapt to the impacts of climate change, and providing meaningful benefits to disadvantaged communities, low-income communities, and low-income households (also referred to as "priority populations"), among other statutory requirements. Additional information can be found at the following CARB websites: https://ww2.arb.ca.gov/resources/documents/cci-funding-guidelines-administering-agencies 2020 TIRCP Guidelines October 18, 2019 297 26 Attachment 2: Quantification Methodology CCI Quantification, Benefits, and Reporting Materials Administering agencies must use the Funding Guidelines with the resources provided by CARB to develop effective programs and demonstrate compliance with program requirements. Resources include Quantification Methodologies and Calculator Tools for estimating greenhouse gas (GHG) emission reductions and co -benefits; Benefit Criteria Tables for determining benefits to priority populations; and Reporting Templates for reporting outcomes. Note: Quantification methods have been developed specifically for each GGRF programs and are not intended for use in other programs. Additional information can be found at the following CARB website: https://ww2.arb.ca.gov/resources/documents/cci-quantification-benefits-and-reporting-materials 2020 TIRCP Guidelines October 18, 2019 298 27 Attachment 3: Co -benefit Assessment Methodology The California Air Resources Board is updating the Co -benefit assessment methodology. See the following website for the final methodology. https://ww2.arb.ca.gov/resources/documents/cci-methodologies 2020 TIRCP Guidelines October 18, 2019 299 ATTACHMENT 2 RESOLUTION NO. 19-018 RESOLUTION OF THE RIVERSIDE COUNTY TRANSPORTATION COMMISSION REGARDING AUTHORIZATION FOR THE EXECUTION OF A MASTER AGREEMENT AND PROGRAM SUPPLEMENTS FOR THE STATE -FUNDED PROJECTS WHEREAS, the Riverside County Transportation Commission (RCTC) may receive state funding from the California Department of Transportation (Department) now or sometime in the future for transit projects; and WHEREAS, substantial revisions were made to the programming and funding process for the transportation projects programmed in the Transit and Intercity Rail Capital Program, by Chapter 36 (SB 862) of the Statutes of 2014; and WHEREAS, the statutes related to state -funded transit projects require a local or regional implementing agency to execute an agreement with the Department before it can be reimbursed for project expenditures; and WHEREAS, the Department utilizes Master Agreements for State -Funded Transit Projects (the Master Agreement), along with associated Program Supplements, for the purpose of administering and reimbursing state transit funds to local agencies; and WHEREAS, RCTC wishes to delegate authorization to execute these agreements and any amendments thereto to the Executive Director or his or her designee; and NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Riverside County Transportation Commission that: Section 1. RCTC finds and determines that the foregoing recitals are true and correct and makes them an effective part of this Resolution by incorporating them herein by reference. Section 2. RCTC, the fund recipient, agrees to comply with all conditions and requirements set forth in the Master Agreement and applicable statutes, regulations and guidelines for all state - funded transit projects. Section 3. RCTC's Executive Director or his or her designee is authorized to execute the Master Agreement, all Award Agreements, and all Program Supplements for State -Funded Transit Projects and any Amendments thereto with the California Department of Transportation. Section 4. This Resolution is effective immediately upon its adoption and approval. 300 AGENCY BOARD DESIGNEE: APPROVED AND ADOPTED this 11h day of December 2019. Chuck Washington, Chair Riverside County Transportation Commission ATTEST: Lisa Mobley, Clerk of the Board Riverside County Transportation Commission 301 AGENDA ITEM 7H RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: December 11, 2019 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Eric DeHate, Transit Manager Ariel Alcon Tapia, Management Analyst THROUGH: Anne Mayer, Executive Director SUBJECT: Bylaws of the Citizens and Specialized Transit Advisory Council BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: 1) Approve the revised bylaws of the Citizens Advisory Committee/Social Service Transportation Council (CAC/SSTAC); and 2) Rename the CAC/SSTAC to the Citizens and Specialized Transit Advisory Council (CSTAC). BACKGROUND INFORMATION: The Commission is required to establish a Citizens Advisory Committee (CAC) and Social Services Transportation Advisory Council (SSTAC) under California Public Utilities Codes (PUC) 99238 and 130105 (d). The current CAC/SSTAC bylaws were approved by the Commission in September 2000 and includes the appointment of no more than 15 individuals. At least 9 of these members must fit one membership criterion as stated in the Transportation Development Act (TDA) PUC 99238 requirements for a Social Services Transportation Advisory Council, as listed below: 1. One representative of potential transit users who is 60 years of age or older. 2. One representative of potential transit users who is disabled. 3. Two representatives of the local social service providers for seniors, including one representative of a social service transportation provider, if one exists. 4. Two representatives of local social service providers for the disabled, including one representative of a social service transportation provider, if one exists. 5. One representative of a local social service provider for persons of limited means. 6. Two representatives from the local consolidated transportation service agency, designated pursuant to subdivision (a) of Section 15975 of the Government Code, if one exists, including one representative from an operator, if one exists. Furthermore, PUC 130105 (d) requires that membership reflect a broad spectrum of interests and represent all geographic areas of the county. The CAC has been effective in reviewing transit operators' Short -Range Transit Plans, been an integral part of the annual transit needs public hearing, and has provided valuable feedback during the Public Transit and Human Services Coordinated Plan process that is updated every 4 years. In recent years, the active membership Agenda Item 7H 302 has declined, causing a lack of quorum for some meetings. In an effort to garner more active participation, staff is recommending the following changes to the current bylaws: • Rename the CAC/SSTAC to the Citizens and Specialized Transit Advisory Council (CSTAC) • Clarify the Council's purpose, roles and responsibilities • Update membership terms and recruitment process • Add a second vice chair • Provide enhanced engagement between RCTC staff and CSTAC members These revisions also ensure that membership terms are staggered to reduce likeliness of membership relapse, causing lack of quorum. It is important the Commission have access to community feedback both to comply with Title VI Civil Rights regulation and with state TDA statues. As such, citizen appointments made to the CSTAC by Commissioners are critical to the success of the Commission and its charge to oversee transit services in Riverside County. Upon approval of the revised bylaws by the Commission, staff will begin recruiting candidates from a broad spectrum of social service providers and the general public to represent older adults, persons with disabilities, and persons of limited means. Commissioners may also nominate potential members. All candidates and nominees will be required to complete an application, which will be reviewed by staff to ensure that the membership criteria as outlined in the TDA is fulfilled. Staff will return to the Commission in spring 2020 for formal appointment of the new CSTAC membership. Additionally, staff took the revised bylaws to the existing CAC/SSTAC in December. The CAC/SSTAC members provided input to include additional human and social service agencies to become members of the renamed CSTAC. Staff also clarified to the existing CAC/SSTAC that Riverside Transit Agency and SunLine Transit Agency would be permanent members to the CSTAC. Finally, staff clarified that membership for the CSTAC would be for a three-year term on rotation after the first two years of the CSTAC. There is no financial impact for this item. Attachment: Citizens and Specialized Transit Advisory Council Bylaws Approved by the Budget and Implementation Committee on November 25, 2019 In Favor: 10 Abstain: 0 No: 0 Agenda Item 7H 303 BYLAWS OF THE SOCIAL SERVICES TRANSPORTATION ADVISORYRiverside County Transportation Commission COUNCIL/CITIZENS ADVISORY COMMITTEECitizens and Specialized Transit Advisory Council OF THE RIVERSIDE COUNTY TRANSPORTATION COMMISSIONBylaws Adopted [Month, Day, Yearl SECTION 1.0: TITLEARTICLE I A Social Services Transportation Advisory Council shall be appointed by the Riverside County Transportation Commission ("Commission") to advise the Commission on the subjects of special transportation needs of older adults, persons with disabilities and / or limited means. This council shall be known as the Citizens and Specialized Transit Advisory Council ("CSTAC") and will be referred hereinafter as the "Council." SECTION 2.0: AUTHORITYPURPOSE The establishment of the Council derives from California PUC Sections 99238 and 130105 (d) and the Administrative Code of the Riverside County Transportation Commission. -PUC Sections 99238 requires designated regional transportation planning agencies te—have citizens, social services transportation providers, and transit agencies provide input into the jurisdictions' transit needs in compliance with the Mills-Alquist-Deddeh Act of 1971 ("Transportation Development Act"). PUC Section 130105(d) requires that the Commission appoint a Citizen's Advisory Committee, which shall reflect a broad spectrum of interest among geographic areas of the county and minority representation. SECTION 3:0: PURPOSE AND RESPONSIBILITIES PUC Section 99238 identifies the Council's responsibilities as follows: 1. Annually participate in the identification of transit needs in the jurisdiction, including unmet transit needs that may exist within the jurisdiction of the council and that may be reasonable to meet by establishing or contracting for new public transportation or specialized transportation services or by expanding existing service. 1 17336.00005\32490857.2 11/14/19 304 i 2. Annually review and recommend action by the transportation planning agency for the area within the jurisdiction of the Ceouncil which finds, by resolution, that a. There are no unmet transit needs (if applicable) or b. There are no unmet transit needs that are reasonable to meet (if applicable) c. There are unmet transit needs, including needs that are reasonable to meet (if applicable). 3. Advise the transportation planning agency on any other major transit issues, including the coordination and consolidation of specialized transportation services. According to the Commission's Administrative Code, the Council shall also consult on, obtain, and collect public input on matters of interest and concern to the Commission, as may be assigned to the Council by the Committee for its review, comments, and recommendation. Subject to the supervision of the Riverside County Transportation Council/Citizens Advisory Committee (collectively referred to herein as the Committee shall operate in a manner consistent with the Commission's Arlrnir+is4ra i e Gode ARTICLE IISECTION 4.0: MEMBERSHIP Section 4.1: Membership Guidelines 2 17336.00005\32490857.2 11/14/19 305 i The membership in the Committee shall be determined by the Commission and in accordance to PUC Section 99238. Committee members shall serve at the will and pleasure of the Commission and without compensation. The Commission shall appoint no less than nine (9) and no more than fifteen (15) individuals to the Council. Members are to represent the broad spectrum of social service providers representing the elderly, disabled, and persons of limited means. The Council must comply with the- membership requirements outlined in PUC Section 99238(a) below and include the following members: Membership Criteria under PUC Section 99238(a): 1. One representative of potential transit users who is 60 years of age or older. 2. One representative of potential transit users who is disabled. 3. Two representatives of the local social service providers for seniors, including one representative of a social service transportation provider, if one exists. 4. Two representatives of local social service providers for the disabled, including one representative of a social service transportation provider, if one exists. 5. One representative of a local social service provider for persons of limited means. 6. Two representatives from the local consolidated transportation service agency, designated pursuant to subdivision (a) of Section 15975 of the Government Code, if one exists, including one representative from an operator, if one exists. Section 4.2: Quorum and Majorities A quorum shall consist of a majority of the Council members. A majority shall al -se -be considered as at least half plus one (1) of the number of total Council members. All official and business acts of the Council shall require a quorum. Presentation of ifnformation and discussion may take place if a quorum is not present at the meeting. Section 4.3: Term of Membership The Commission shall appoint individuals to the Council for three (3) year terms. Terms shall be staggered to reduce the likeliness of membership relapse. One-third (1/3) of appointments shall expire each year. (a) In order to begin a staggered membership, one third -of appointees shall serve a one (1)--year term, another third shall serve a two (2)--year terms, and the last third shall serve a three (3)--year terms. (b) The initial terms will be chosen randomly by means of an internal lottery conducted by Commission staff. (c) If the number of appointees does not perfectly divide into thirds, the remaining members shall be placed into any category at Commission staff discretion. (d) Members shall serve up to thrcctwo (2) three (3)-year terms. 3 17336.00005\32490857.2 11/14/19 306 1 Section 4.4: Membership Recruitment Members of the Council shall be appointed by the Commission. The Commission will recruit candidates for appointment from a broad representation of social service and transit providers representing the elderly, the disabled, and persons of limited means. In appointing Council members, the Commission shall reflect a broad geographic and minority representation as well as a broad spectrum of interests among council members per PUC Section 130105(d). This will include active solicitation of applications from the three subregions of the county: western Riverside, the Coachella Valley, and the Palo Verde Valley. Individuals with an interest in serving on the Council in one of its capacities shall request a recommendation from Commission staff to be forwarded to the Commission, for formal appointment action. Commissioners may assist in the outreach process by circulating recruitment information within their respective jurisdictions. Commissioners may also nominate potential Council members if they desire. Section 4.5: Membership Rules & Requirements In the interest of maintaining an active council, membership requirements shall be used to keep appointees accountable for Council participation. (a) Members may not use their Council affiliation to represent personal or constituency opinions. Members may not represent themselves as representatives of the Council unless given direction to do so by a majority vote of the Council. (b) Regular membership shall be defined as the attendance or participation of at least three (-3) meetings, either in person or by conference call for long-distance members, within one (1) calendar year. Section 4.6: Membership Termination Council members may terminate their membership by notifying Commission staff in writing. The Commission has the discretion to dismiss any Council members for any reason, including if the individual fails to participate in two (2) consecutive Council meetings. Section 4.7: Conflicts of Interest When any member of the Council has a financial interest or is a member of a governing body (i.e., Board of Directors) of any organization which is involved in an issue on the agenda, such member shall immediately disclose his/her interest and shall abstain from votevoting on the issue. Section 4.8: Ethics Training 4 17336.00005\32490857.2 11/14/18 307 i In compliance with California Government Code Sections 53234(c)(1) and Section 54952, Council appointed members must undergo ethics training directed by Commission staff. An appointed member's failure to comply with the ethics training requirement within the prescribed deadlines shall result in dismissal from the Council. California Government Code Sections 53234(c)(1) defines "local agency official" as "[a]ny member of a local agency, legislative body or any elected local agency official who receives any type of compensation, salary, or stipend or reimbursement for actual and necessary expenses incurred in the performance of official duties" or "[a]ny employee designated by a local agency governing body to receive [ethics] training specified under this article." California Government Code Section 54952 defines a "legislative body" as "[t]he governing body of a local agency or any other local body created by state or federal statute." Section 4.98: Compensation and Reimbursement Individuals appointed to the Council shall not receive any compensation for their services regarding the conduct of Council business. Appointed Council members may be reimbursed mileage for use of private automobiles or public transportation costs reguired for their attendance at Council meetings. The membership in the Committee shall be determined by the Commission and in will onrl pleas iro of tho Gemmiccien onrl withe t- c-emnons tien ARTICLE III SECTION 5.0: ADMINISTRATION Section 5.1: OfficersA. Nominees for the positions of Chair, Vice Chair, and Second Vice Chair shall be submitted and votcd on during the first meeting of the calendar year.Section 5.1: Officer Duties OFFICERS The Committee shall elect a Chair and a Vice Chair from the members thereof, e retarial se iees chill be efeyiclorl Who G mmi sinn cuff 5 17336.00005\32490857.2 11/14/18 308 i f t Duties of Chair q) The Chair shall, if present, preside at all meetings of the Committee Council and shall exercise and perform such other powers and duties as may be from time to time assigned to him or her by the COMMISSION Commission.er prescribed herein. 2. Duties of the Vice Chair (b) The Vice Chair shall perform the duties of the Chair in his or her absence, and whcn so acting, shall have all the powers of and be subject to all the restrictions upon, the Chair. 0. Chair Pro Tempore c ) The Second (2nd—) Vice Chair shall perform the duties of the Chair and First (1st) Vice Chair in their absence. (d) In the event ofthat the Chair and both Vice Chair's are absent or unable to act, members present at any meeting of the Council, by an order entered in the minutes, shall select one of their members to act as Chair Pro Tempore, who; during such time while in acting, shall act as Chair. Section 5.2: Election of Officers The Commission shall elect, by a majority vote, the Chair, Vice Chair and Second (2nd) Vice Chair from members of the Council, provided that he or she is first nominated by either the Commission or the Council. Nominees for the positions of Chair, Vice Chair, and Second (2nd) Vice Chair shall be submitted and voted on by the Council during the first (1st) meeting of the calendar year. All nominees shall be members of the Council. Section 5.32: Officer Terms The term of all officers shall be for one (1) year; or; up to two (2) years, upon approval of the Council. Section 5.4: Removal of Officers The Chair, the Vice Chair and the Second (2nd) Vice Chair may be removed by the affirmative vote of a majority of the Council. Voting on removal shall take place no sooner than at the next regular meeting following the meeting at which the motion to remove officers was introduced. Section 5.53: Ir. }he even} of }he absence or inability to aGt of }he Chair and Vinn r11- it 6 17336.00005\32490857.2 11/14/18 309 Subcommittees - -The Committee Council may appoint such subcommittees as it deems necessary. Unless subcommittee membership, functions, duties, responsibilities or terms of service are specified by law or the COMMISSIONCommission, the Committee Council may determine the membership of such subcommittees, and specify the functions, duties, responsibilities, and terms of service. The Committee Council shall give due consideration to any recommendations, advice or proposals received from subcommittees, but unless required by law to do so, shall not be bound thereby. C. BYLAWS, RULES AND REGULATIONS The Committee may, from time to time, adopt purpose and directives of the COMMISSION and the County Transportation Commissions Act. Adoption of amendment of bylaws shall require a majority vote of the members of the Committee. SECTION 6.0: ARTICLE IV MEETINGS Section 6.1: Call for Meetings A. MEETINGS The COMMISSION Commission shall call the first (1st) meeting of the Council; and may call subsequent meetings. The Commission mustmay; indinotinn of the Committee, settingset the time and place of said meeting(s) and designating designate the agenda for any meetings so called. The Chair reserves the right to call for meetings at theirhis or her discretion. (a) All meetings of the Council, including without limitation, regular and special meetings, shall be called, noticed, held and conducted in accordance with the Ralph M. Brown Act, commending with Section 54950 of the Government Code. of the Committee, ouhnnmmittee mooting-s of onv s beemmitt es it a tablishes B 7 17336.00005\32490857.2 11/14/19 310 i thereof to be mailed or delivered to each member of the Committee, the Executive members of the Committee present at the meeting consent to such consideration. Section 6.2. Regular Meetings C. REGULAR MEETINGS Regular meetings of the Committee Council shall be held at the time and place established of record in the minutes of the Committee Council at -its first (1st) meeting; and throughout the course of the calendar year.from time to time busy-ness day. (a) Meetings shall be held biannually, or as needed, every calendar year. (b) The Council shall post agendas of all regular meetings. The agenda shall contain a general description of each item of business to be transacted or discussed at the meeting, at least seventy-two (72) hours before such regular meeting. No action shall be taken on any item not appearing on such posted agendas, except as permitted by state law. (c) If needed, telephone or electronic polling of the voting membership is allowablcallowed, subject to the discretion of the Chair. Section 6.32 Special Meetings The Chair, the Commission, or a quorum of Council membership may call for i, SPECIAL MEETINGS aA special meeting may be called at any time by the Chair, +ho Gemmiocinn nr o nuGri im ref mom a rshin h„ by issuing a written statement- (both mail or electronic mail) or in his absence by the Vice Chair, or by a quorum of the members by delivering personally or by mail written notice to the Executive Director of the Commission and ch member, or by the COMMISSION or by the Executive Director. Such notice shall be so delivered at least twenty-four (24) hours before the time of such meeting. The, and the notification must as specified in the notice. The call and notice shall specifyindicate the time and place of the special meeting. The notice shall and thespecify what business is being to be transacted. ; ae-Neo other business shall be transacted outside of what was delineated in the notice. and the business to be transacted. No other business shall be transacted at such meeting. Such written notice may be dispensed with as to any member who at or prior to the time the meeting convenes files with the Executive Director a written convenes. E. QUORUM A majority of the appointed members of the Committee shall constitute a quorum for the transaction of busine,s. All official acts of the Committee shall require the 8 17336.00005\32490857.2 11/14/19 311 i affirmative votes of at I ast six (6) members of the Committee, or of a majority of the members present, whichever is greater in number. F. ADDRESSING COMMITTEEON AGENDA ITEMS No person shall address the ddroccinn the r,,.,,.,,itteoSECTION 7.0: ADDITIONS, AMENDMENTS, AND CHANGE& Section 7.1: Amendments and Regulations G. MEETING ATIENDANCE Committee members are expected to attend all regularly Commission staff by telephone and nreyipro-e-ate a en-fe r-ab�enGe,Aymittee- member mi-sing three (3) consecutive meetings without a reasonable excuse will be sent a letter by staff requesting their resignation from the Committee. If the Committee member fails either to respond in writing or to attend the next scheduled meeting, the Committee will member should be removed from the Committee. Additions, amendments, and changes to the bylaws of the Council shall reflect and be consistent with the rules and regulations governing County Transportation Commissions, Consolidated Transportation Service Agencies, Social Service Transportation Advisory Councils, and the acts, ordinances, and initiatives governing funds managed through these Agencies. Any additions, amendments, and changes to the bylaws must be adopted by majority vote of members of the Council present when the addition, amendment, or change is presented. ARTICLE V POWERS A. The Committee is created and given perpetual succession by terms of the County Transportation Act. The Committee shall, however, have no powers or existence separate or apart from that of the COMMISSION. B. The acts and determinations of the Committee shall be expressed by motion. 9 17336.00005\32490857.2 11/14/18 312 DATE: May 16,2001 [Month, Day, Yearl 10 17336.00005\32490857.2 11/14/18 Judy Nieburger —CHAIR Social Services Transportation Advisory Council/Citizens Advisory Committee 313 AGENDA ITEM 71 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: December 11, 2019 TO: Riverside County Transportation Commission FROM: Bryce Johnston, Capital Projects Manager Marlin Feenstra, Project Delivery Director THROUGH: Anne Mayer, Executive Director SUBJECT: Approval of Agreements with the Cities of Banning and Beaumont, Caltrans, and Western Riverside Council of Governments for the Preparation of the Interstate 10/Highland Springs Interchange Project Study Report STAFF RECOMMENDATION: This item is for the Commission to: 1) Approve Cooperative Agreement No. 20-31-008-00 with the cities of Banning and Beaumont for the preparation of a Project Study Report (PSR) for the Interstate 10/Highland Springs Interchange project (Project); 2) Approve Cooperative Agreement No. 20-31-025-00 with Caltrans for its review and oversight of the Project in the amount of $190,000, plus a contingency of $25,000, for a total amount not to exceed $215,000; 3) Authorize the Executive Director or designee to approve contingency work up to the total amount not to exceed as required for the Project; 4) Approve Funding Agreement No. 20-72-018-00 with Western Riverside Council of Governments (WRCOG) for the allocation of Transportation Uniform Mitigation Fee (TUMF) Zone funding for the Project; 5) Approve an increase of $240,000 in the Fiscal Year 2019/20 budget for TUMF Zone revenues and Commission and consultant expenditures related to the Project; and 6) Authorize the Executive Director, pursuant to legal counsel review, to execute these agreements on behalf of the Commission. BACKGROUND INFORMATION: The cities of Banning and Beaumont have requested the Commission to manage the preparation of a PSR for improvements to the I-10/Highland Springs interchange in the cities of Banning and Beaumont (Figure 1). Agenda Item 71 314 Augora V J t3ge Cemer Highland Springs Ave Fi IS. N Ramsey SI sv, Lakes Blvd Figure 1 - Location Map for I-10/Highland Springs Avenue Interchange Oakmont Elf The study will analyze potential alternatives for modifying the existing local loads, the interchange, and ramps to provide improved circulation at the interchange and surrounding local roads. The agreements listed below are necessary to reimburse the Commission for its staff and consultant costs for performing this work and to reimburse Caltrans for oversight costs. • Cooperative Agreement 20-31-008-00 with the cities of Banning and Beaumont establishes the Commission as the lead for the PSR. • Cooperative Agreement 20-31-025-00 with Caltrans provides for its oversight and review in the development of the PSR. Caltrans estimates that this effort will cost $190,000. Staff requests that this be augmented by $25,000 of contingency for a total authorized amount of $215,000. • Funding for the project will be provided by WRCOG, through Funding Agreement No. 20-72-018-00, which allocates up to $2 million of TUMF Zone funding to RCTC for the Project's PSR phase. The PSR will be performed in-house, by Commission and Bechtel staff under its current capital program management contract. Bechtel staff have a long history of working with Caltrans District 8 to deliver similar projects and therefore has the expertise to cost effectively prepare the PSR. The estimated costs of Bechtel's (and any subcontractors necessary) work and of Commission staff and other services are $275,000 and $60,000, respectively. An amendment to Bechtel's contract for this effort is not required. The Project is not included in the Commission's FY 2019/20 budget. Staff estimates that $240,000 of the total cost of $550,000 will be incurred in FY 2019/20. Accordingly, a budget adjustment of Agenda Item 71 315 $240,000 is required to increase the revenues and expenditures for this Project related to FY 2019/20. In summary, staff recommends approval of the cooperative agreement with the cities of Banning and Beaumont; the cooperative agreement with Caltrans for an amount of $215,000 related to oversight and review; and the funding agreement with WRCOG for $2 million of TUMF Zone funding. Staff also recommends authorization for the Executive Director or designee to approve use of the contingency related to Caltrans oversight and review services. Finally, staff recommends a budget adjustment to increase revenues and expenditures $240,000 for the Project work expected in FY 2019/20. Financial Information In Fiscal Year Budget: No N/A Year: FY 2019/20 FY 2020/21 Amount: $240,000 $310,000 Source of Funds: TUMF Zone Budget Adjustment: Yes N/A G L/Project Accounting No.: FY 2019/20 FY 2020/21 005135 416 41607 210 72 42110 $240,000 $310,000 TUMF revenues 005135 6XXXX 210 72 6XXXX $30,000 $30,000 Staff/other costs 005135 81001 210 72 81001 $125,000 $150,000 Bechtel costs 005135 81101 210 72 81101 $85,000 $130,000 Caltrans costs Fiscal Procedures Approved: Date: 11/22/2019 Attachments: 1) Cities of Banning and Beaumont Agreement No. 20-31-008-00 2) Caltrans Agreement No. 20-31-025-00 3) WRCOG Agreement No. 20-72-018-00 Agenda Item 71 316 ATTACHMENT 1 Agreement No. 20-31-008-00 COOPERATIVE AGREEMENT BETWEEN RIVERSIDE COUNTY TRANSPORTATION COMMISSION, CITY OF BANNING AND CITY OF BEAUMONT FOR THE PREPARATION OF THE I-10/HIGHLAND SPRINGS INTERCHANGE PROJECT STUDY REPORT 1. Parties and Date. This Agreement is made and entered into this day of , 2019, by and between the Riverside County Transportation Commission (RCTC), City of Banning (Banning) and City of Beaumont (Beaumont) 2. Recitals. 2.1 The Western Riverside Council of Governments (WRCOG) has allocated $2 Million for the preparation of a Project Study Report (PSR) for the I-10/Highland Springs Interchange (The Project). 2.2 WRCOG and RCTC have entered into a Funding Agreement allocating said $2 Million to the RCTC for the preparation of a PSR for the Project. 2.3 The Project is located adjacent to and within the jurisdictional boundaries of the Cities of Banning and Beaumont and may require improvements to streets within each respective city. 2.4 The Cities of Banning and Beaumont have requested that RCTC be the lead agency for the preparation of the PSR for the Project. 2.5 RCTC has agreed to act as the lead agency for the preparation of the PSR for the Project. 3. Terms. 3.1 Preparation of PSR for I-10/Highland Springs Interchange Project. A. RCTC shall prepare a PSR for the Project solely using funds allocated by WRCOG. RCTC shall be the lead agency for the preparation of the PSR. The Parties agree that RCTC shall not have any obligation to fund the preparation of the PSR using its own funds. In the case that additional funds are needed to complete the PSR, the source of funding for the PSR needed beyond the funding described in Section 2.2 or any other phases of the Project, or construction of any portion or all of the Project, shall be by separate agreement(s). 20323.00004\32111671.1 2307022 317 B. RCTC shall complete preparation of the PSR within the Term of this Agreement, as provided in Section 3.2, unless extended by mutual agreement of the Parties. 3.2 Term of Agreement. The term of this Cooperative Agreement shall extend from the Effective date (as set forth above) and will remain in effect through 2020, or until written agreement by the Parties that the Project has been completed, unless earlier terminated as provided in this Cooperative Agreement. 3.3 Use of PSR. The Parties understand and agree that the PSR, upon completion, may be used by Beaumont, Banning and/or Caltrans for completion of other phases of the Project. 3.4 Cooperation. RCTC, Banning and Beaumont agree to cooperate in the development of the PSR for the Project and the implementation of this Cooperative Agreement. 3.5 Reporting. RCTC shall, in a timely manner, provide milestone reports to Banning and Beaumont, detailing the progress of preparation of the PSR. 3.6 Mutual Indemnification. A. RCTC shall, at its sole cost and expense, indemnify, defend and hold Banning and Beaumont, and their respective city councils, elected and appointed officials, officers, employees, agents, those Banning or Beaumont agents serving as independent contractors in the role of Banning or Beaumont officials, consultants and contractors, and each of them, free and harmless from any and all claims, demands, causes of action, costs, expenses, liabilities, losses, judgments, penalties, damages or injuries, in law or in equity, to property or persons, including wrongful death, whether actual, alleged or threatened, which arise in any manner out of, pertain to, or relate to, in whole or in part, to any negligent acts, omissions or breach of law, recklessness, or willful misconduct of RCTC, its board, directors, officials, officers, employees, agents, consultants or contractors in the performance of RCTC's obligations under this Cooperative Agreement, including but expressly not limited to fees of accountants or other professionals, and all costs associated therewith, and the payment of all reasonable attorneys' fees and costs. B. Beaumont shall, at its sole cost and expense, indemnify, defend and hold RCTC and Banning, and their respective directors, board, city council, elected or appointed officials, officers, employees, agents, those RCTC or Banning agents serving as independent contractors in the role of Banning or RCTC officials, consultants and contractors, and each of them, free and harmless from any and all claims, demands, causes of action, costs, expenses, liabilities, losses, judgments, penalties, damages or injuries, in law or in equity, to property or persons, including wrongful death, whether actual, alleged or threatened, which in any manner arise out of, pertain to, or relate to, in whole or in part, to any negligent acts, omissions or breach of law, recklessness, or willful misconduct of Beaumont, its city council, elected or appointed officials, officers, employees, agents, those Beaumont agents serving as independent contractors in the 20323.00004\32111671.1 2307022 318 role of Beaumont officials, consultants or contractors in the performance of Beaumont obligations under this Cooperative Agreement, including but expressly not limited to fees of accountants or other professionals, and all costs associated therewith, and the payment of all reasonable attorneys' fees and costs. C. Banning shall, at its sole cost and expense, indemnify, defend and hold RCTC and Beaumont, and their respective directors, board, city council, elected or appointed officials, officers, employees, agents, those RCTC or Beaumont agents serving as independent contractors in the role of RCTC or Beaumont officials, consultants and contractors, and each of them, free and harmless from any and all claims, demands, causes of action, costs, expenses, liabilities, losses, judgments, penalties, damages or injuries, in law or in equity, to property or persons, including wrongful death, whether actual, alleged, or threatened, which in any manner arise out of, pertain to, or relate to, in whole or in part, to any negligent acts, omissions or breach of law, recklessness, or willful misconduct of Banning, its city council, elected or appointed officials, officers, employees, agents, those Banning agents serving as independent contractors in the role of Banning officials, consultants or contractors in the performance of Banning obligations under this Cooperative Agreement, including but expressly not limited to fees of accountants or other professionals, and all costs associated therewith, and the payment of all reasonable attorneys' fees and costs. 3.7 Amendments. The terms and conditions of this Cooperative Agreement shall not be altered or modified at any time except by a written amendment executed by the mutual consent of the Parties by an instrument in writing. 3.8 Waiver. No delay or omission in the exercise of any right or remedy of a non -defaulting Party on any default shall impair such right or remedy or be construed as a waiver. No consent or approval of either Party shall be deemed to waive or render unnecessary such Party's consent to or approval of any subsequent act of the other Party. Any waiver by either Party of any default must be in writing and shall not be a waiver of any other default concerning the same or any other provision of this Cooperative Agreement. 3.9 Severability. In the event that any one or more of the phrases, sentences, clauses, paragraphs, or sections contained in this Cooperative Agreement shall be declared invalid or unenforceable by valid judgment or decree of a court of competent jurisdiction, such invalidity or unenforceability shall not affect any of the remaining phrases, sentences, clauses, paragraphs, or sections of this Funding Agreement, which shall be interpreted to carry out the intent of the parties hereunder. 3.10 Survival. All rights and obligations hereunder that by their nature are to continue after any expiration or termination of this Cooperative Agreement, shall survive any such expiration or termination. 3.11 Third Party Beneficiaries. There are no third -party beneficiaries to this Cooperative Agreement. 20323.00004\32111671.1 2307022 319 3.12 Termination. Any Party may terminate this Cooperative Agreement by giving thirty (30) days written notice thereof. 3.13 Assignment or Transfer. The Parties shall not assign, hypothecate, or transfer, either directly or by operation of law, this Cooperative Agreement or any interest herein without the prior written consent of the other Parties. Any attempt to do so shall be null and void, and any assignees, hypothecates or transferees shall acquire no right or interest by reason of such attempted assignment, hypothecation or transfer. 3.14 Binding Effect. Each and all of the covenants and conditions shall be binding on and shall inure to the benefit of the Parties, and their successors, heirs, personal representatives, or assigns. This section shall not be construed as an authorization for any Party to assign any right or obligation 3.15 Notices. All notices, demands, invoices, and written communications shall be in writing and delivered to the following addresses or such other addresses as the Parties may designate by written notice: To RCTC: Copy to: To Banning: Copy to: To Beaumont: Copy to: Riverside County Transportation Commission 4080 Lemon Street, Third Floor P.O. Box 12008 Riverside, CA 92502-2208 Attention: Executive Director Best, Best & Krieger, LLP 3390 University Ave. 5f1. Riverside, CA 92501 Attention: Steven C. DeBaun City of Banning 99 E. Ramsey Street Banning, California 92220 Attention: City Manager Richards, Watson & Gershon 333 South Grand Avenue 40th Floor Los Angeles, California 90071-3101 Attention: Kevin Ennis, City Attorney City of Beaumont 99 E. Ramsey Street Beaumont, California 92220 Attention: City Manager Slovak Baron Empey Murphy & Pinkney LLP 1800 E. Tahquitz Canyon Way Palm Springs, California 92262 20323.00004\32111671.1 2307022 320 Attention: John O. Pinkney Depending upon the method of transmittal, notice shall be deemed received as follows: by facsimile, as of the date and time sent; by messenger, as of the date delivered; and by U.S. Mail first class postage prepaid, as of 72 hours after deposit in the U.S. Mail. 3.16 Time of Performance. Time is of the essence in the performance of this Agreement. 3.17 Governing Law. This Agreement is in all respects governed by California law and venue for any dispute shall be in Riverside County. 3.18 Insurance. The Parties each verify that they are self -insured or maintain insurance coverage through a Joint Powers Authority in reasonable and customary amounts for their respective operations. 3.19 Authority to Enter into Agreement. Each Party warrants that the individuals who have signed this Cooperative Agreement have the legal power, right and authority to make this Cooperative Agreement and bind each respective Party. 3.20 Counterparts. This Cooperative Agreement may be signed in counterparts, each of which shall constitute an original and which collectively shall constitute one instrument. 3.21 Entire Agreement. This Cooperative Agreement contains the entire agreement of the Parties relating to the subject matter hereof and supersedes all prior negotiations, agreements or understandings. IN WITNESS WHEREOF, the parties hereto have executed this Cooperative Agreement on the date first herein above written. [Signatures on following page] 20323.00004\32111671.1 2307022 321 SIGNATURE PAGE TO HIGHLAND SPRINGS PROJECT STUDY REPORT COOPERATIVE AGREEMENT IN WITNESS WHEREOF, the parties hereto have executed the Agreement on the Effective Date. RIVERSIDE COUNTY CITY OF BANNING TRANSPORTATION COMMISSION By: By: Anne Mayer, Executive Director Title: APPROVED AS TO FORM: APPROVED AS TO FORM: By: Best Best & Krieger LLP Counsel to the Riverside County Transportation Commission By: Title: ATTEST: By: Title: 20323.00004\32111671.1 2307022 322 CITY OF BEAUMONT By: Title: APPROVED AS TO FORM: By: Title: ATTEST: By: Title: 20323.00004\32111671.1 2307022 323 ATTACHMENT 2 Agreement 08-1713 Project No. 0800020184 EA OL160 08-RIV-10-8.2/11.3 COOPERATIVE AGREEMENT COVER SHEET Work Description RECONSTRUCT THE INTERCHANGE AT INTERSTATE 10 AND HIGHLAND SPRINGS, IN THE CITIES OF BEAUMONT AND BANNING. Contact Information CALTRANS Bruce Ko, Project Manager 464 West 4th Street, 6th Floor (MS-1229) San Bernardino, CA 92401-1400 Office Phone: (909) 383-7958 Email: Bruce.Ko@dot.ca.gov RIVERSIDE COUNTY TRANSPORTATION COMMISSION Bryce Johnston, Project Manager 4080 Lemon Street Riverside, CA 92501 Office Phone: 951-212-4746 Email: BJohnston@RCTC.org 324 i Agreement 08-1713 Project No. 0800020184 EA OL160 08-RIV-10-8.2/11.3 COOPERATIVE AGREEMENT DRAFT This AGREEMENT, effective on , is between the State of California, acting through its Department of Transportation, referred to as CALTRANS, and: Riverside County Transportation Commission, a public corporation/entity, referred to hereinafter as RCTC. An individual signatory agency in this AGREEMENT is referred to as a PARTY. Collectively, the signatory agencies in this AGREEMENT are referred to as PARTIES. RECITALS 1. PARTIES are authorized to enter into a cooperative agreement for improvements to the State Highway System per California Streets and Highways Code, Sections 114 and 130 and California Government Code, Section 65086.5. 2. For the purpose of this AGREEMENT, Reconstruct the interchange at Interstate 10 and Highland Springs, in the cities of Beaumont and Banning, will be referred to hereinafter as PROJECT. RCTC desires that a Project Initiation Document (PID) be developed for the PROJECT. The Project Initiation Document will be a Project Study Report - Project Development Support (PSR-PDS). 3. All obligations and responsibilities assigned in this AGREEMENT to complete the following PROJECT COMPONENT will be referred to hereinafter as WORK: • PROJECT INITIATION DOCUMENT (PID) Each PROJECT COMPONENT is defined in the CALTRANS Workplan Standards Guide as a distinct group of activities/products in the project planning and development process. 325 1 of 15 Agreement 08-1713 Project No. 0800020184 EA OL160 08-RIV-10-8.2/11.3 4. The term AGREEMENT, as used herein, includes this document and any attachments, exhibits, and amendments. This AGREEMENT is separate from and does not modify or replace any other cooperative agreement or memorandum of understanding between the PARTIES regarding the PROJECT. PARTIES intend this AGREEMENT to be their final expression that supersedes any oral understanding or writings pertaining to the WORK. The requirements of this AGREEMENT will preside over any conflicting requirements in any documents that are made an express part of this AGREEMENT. If any provisions in this AGREEMENT are found by a court of competent jurisdiction to be, or are in fact, illegal, inoperative, or unenforceable, those provisions do not render any or all other AGREEMENT provisions invalid, inoperative, or unenforceable, and those provisions will be automatically severed from this AGREEMENT. Except as otherwise provided in the AGREEMENT, PARTIES will execute a written amendment if there are any changes to the terms of this AGREEMENT. AGREEMENT will terminate 180 days after PID is signed by PARTIES or as mutually agreed by PARTIES in writing. However, all indemnification articles will remain in effect until terminated or modified in writing by mutual agreement. 5. No PROJECT deliverables have been completed prior to this AGREEMENT. 6. In this AGREEMENT capitalized words represent defined terms, initialisms, or acronyms. 7. PARTIES hereby set forth the terms, covenants, and conditions of this AGREEMENT. RESPONSIBILITIES Sponsorship 8. A SPONSOR is responsible for establishing the scope of the PROJECT and securing the financial resources to fund the WORK. A SPONSOR is responsible for securing additional funds when necessary or implementing PROJECT changes to ensure the WORK can be completed with the funds obligated in this AGREEMENT. PROJECT changes, as described in the CALTRANS Project Development Procedures Manual, will be approved by CALTRANS as the owner/operator of the State Highway System. 9. RCTC is the SPONSOR for the WORK in this AGREEMENT. 326 2of15 Agreement 08-1713 Project No. 0800020184 EA OL160 08-RIV-10-8.2/11.3 Implementing Agency 10. The IMPLEMENTING AGENCY is the PARTY responsible for managing the scope, cost, schedule, and quality of the work activities and products of a PROJECT COMPONENT. • RCTC is the Project Initiation Document (PID) IMPLEMENTING AGENCY. The PID identifies the PROJECT need and purpose, stakeholder input, project alternatives, anticipated right-of-way requirements, preliminary environmental analysis, initial cost estimates, and potential funding sources. 11. The IMPLEMENTING AGENCY for a PROJECT COMPONENT will provide a Quality Management Plan (QMP) for the WORK in that component. The QMP describes the IMPLEMENTING AGENCY'S quality policy and how it will be used. The QMP will include a process for resolving disputes between the PARTIES at the team level. The QMP is subject to CALTRANS review and approval. 12. Any PARTY responsible for completing WORK will make its personnel and consultants that prepare WORK available to help resolve WORK -related problems and changes for the entire duration of the PROJECT including PROJECT work that may occur under separate agreements. Funding 13. RCTC is the only PARTY obligating funds in this AGREEMENT and will fund the cost of the WORK in accordance with this AGREEMENT. If, in the future, CALTRANS is allocated state funds and Personnel Years (PYs) for PID review or development of this PROJECT, PARTIES will agree to amend this AGREEMENT to change the reimbursement arrangement for PID review. 14. Funding sources, PARTIES committing funds, funding amounts, and invoicing/payment details are documented in the Funding Summary section of this AGREEMENT. PARTIES will amend this AGREEMENT by updating and replacing the Funding Summary, in its entirety, each time the funding details change. Funding Summary replacements will be executed by a legally authorized representative of the respective PARTIES. The most current fully executed Funding Summary supersedes any previous Funding Summary created for this AGREEMENT. 15. PARTIES will not be reimbursed for costs beyond the funds obligated in this AGREEMENT. 327 3of15 Agreement 08-1713 Project No. 0800020184 EA OL160 08-RIV-10-8.2/11.3 If an IMPLEMENTING AGENCY anticipates that funding for the WORK will be insufficient to complete the WORK, the IMPLEMENTING AGENCY will promptly notify the SPONSOR. 16. Unless otherwise documented in the Funding Summary, overall liability for project costs within a PROJECT COMPONENT will be in proportion to the amount contributed to that PROJECT COMPONENT by each fund type. 17. Unless otherwise documented in the Funding Summary, any savings recognized within a PROJECT COMPONENT will be credited or reimbursed, when allowed by policy or law, in proportion to the amount contributed to that PROJECT COMPONENT by each fund type. 18. WORK costs, except those that are specifically excluded in this AGREEMENT, are to be paid from the funds obligated in the Funding Summary. Costs that are specifically excluded from the funds obligated in this AGREEMENT are to be paid by the PARTY incurring the costs from funds that are independent of this AGREEMENT. CALTRANS' Quality Management 19. CALTRANS, as the owner/operator of the State Highway System (SHS), will perform quality management work including Quality Management Assessment (QMA) and owner/operator approvals for the portions of WORK within the existing and proposed SHS right-of-way. 20. CALTRANS' Quality Management Assessment (QMA) efforts are to ensure that RCTC's quality assurance results in WORK that is in accordance with the applicable standards and the PROJECT's quality management plan (QMP). QMA does not include any efforts necessary to develop or deliver WORK or any validation by verifying or rechecking WORK. When CALTRANS performs QMAiit does so for its own benefit. No one can assign liability to CALTRANS due to its QMA. 21. CALTRANS, as the owner/operator of the State Highway System, will approve WORK products in accordance with CALTRANS policies and guidance and as indicated in this AGREEMENT. 22. RCTC will provide WORK -related products and supporting documentation upon CALTRANS' request for the purpose of CALTRANS' quality management work. 328 4of15 Agreement 08-1713 Project No. 0800020184 EA OL160 08-RIV-10-8.2/11.3 Project Initiation Document (PID) 23. As the PID IMPLEMENTING AGENCY, RCTC is responsible for all PID WORK except those activities and responsibilities that are assigned to another PARTY in this AGREEMENT and those activities that may be specifically excluded. 24. Should RCTC request CALTRANS to perform any portion of PID preparation work, except as otherwise set forth in this in this AGREEMENT, RCTC agrees to reimburse CALTRANS for such work and PARTIES will amend this AGREEMENT. 25. CALTRANS will be responsible for completing the following PID activities: CALTRANS Work Breakdown Structure Identifier (If Applicable) AGREEMENT Funded Cost 100.05.10.xx Quality Management Yes 150.05.05.xx Review of Existing Reports, Data, Studies, and Mapping Yes 150.25.20 PID Circulation, Review, and Approval Yes 26. CALTRANS will provide relevant existing proprietary information and maps related to: • Geologic and Geotechnical information • Utility information • Environmental constraints • Traffic modeling/forecasts • Topographic and Boundary surveys • As -built centerline and existing right-of-way Due to the potential for data loss or errors, CALTRANS will not convert the format of existing proprietary information or maps. 27. When required, CALTRANS will perform pre -consultation with appropriate resource agencies in order to reach consensus on need and purpose, avoidance alternatives, and feasible alternatives. 28. CALTRANS will actively participate in the Project Delivery Team meetings. 329 5of15 Agreement 08-1713 Project No. 0800020184 EA OL160 08-RIV-10-8.2/11.3 29. The PID will be signed on behalf of RCTC by a Civil Engineer registered in the State of California. 30. CALTRANS will review and approve the Project Initiation Document (PID) as required by California Government Code, Section 65086.5. CALTRANS will complete a review of the draft PID and provide its comments to RCTC within 60 calendar days from the date CALTRANS received the draft PID from RCTC. RCTC will address the comments provided by CALTRANS. If any interim reviews are requested of CALTRANS by RCTC, CALTRANS will complete those reviews within 30 calendar days from the date CALTRANS received the draft PID from RCTC. After RCTC revises the PID to address all of CALTRANS' comments and submits the revised draft PID and all related attachments and appendices, CALTRANS will complete its review and final determination of the revised draft PID within 30 calendar days from the date CALTRANS received the revised draft PID from RCTC. Should CALTRANS require supporting data necessary to defend facts or claims cited in the revised draft PID, RCTC will provide all available supporting data in a reasonable time so that CALTRANS may conclude its review. The 30 day CALTRANS review period will be stalled during that time and will continue to run after RCTC provides the required data. No liability will be assigned to CALTRANS, its officers and employees by RCTC under the terms of this AGREEMENT or by third parties by reason of CALTRANS' review and approval of the PID. 330 6of15 Agreement 08-1713 Project No. 0800020184 EA OL160 08-RIV-10-8.2/11.3 Additional Provisions Standards 31. PARTIES will perform all WORK in accordance with federal and California laws, regulations, and standards; Federal Highway Administration (FHWA) standards; and CALTRANS standards. CALTRANS standards include, but are not limited to, the guidance provided in the: • CADD User's Manual • CALTRANS policies and directives • Plans Preparation Manual • Project Development Procedures Manual (PDPM) • Workplan Standards Guide Noncompliant Work 32. CALTRANS retains the right to reject noncompliant WORK. RCTC agrees to suspend WORK upon request by CALTRANS for the purpose of protecting public safety, preserving property rights, and ensuring that all WORK is in the best interest of the State Highway System. Qualifications 33. Each PARTY will ensure that personnel participating in WORK are appropriately qualified or licensed to perform the tasks assigned to them. Consultant Selection 34. RCTC will invite CALTRANS to participate in the selection of any consultants that participate in the WORK. 331 7of15 Agreement 08-1713 Project No. 0800020184 EA OL160 08-RIV-10-8.2/11.3 Encroachment Permits 35. CALTRANS will issue, upon proper application, the encroachment permits required for WORK within State Highway System (SHS) right-of-way. RCTC, their contractors, consultants, agents and utility owners will not work within the SHS right-of-way without an encroachment permit issued in their name. CALTRANS will provide encroachment permits to RCTC, their contractors, consultants, and agents at no cost. CALTRANS will provide encroachment permits to utility owners at no cost. If the encroachment permit and this AGREEMENT conflict, the requirements of this AGREEMENT will prevail. 36. The IMPLEMENTING AGENCY for a PROJECT COMPONENT will coordinate, prepare, obtain, implement, renew, and amend any encroachment permits needed to complete the WORK. Protected Resources 37. If any PARTY discovers unanticipated cultural, archaeological, paleontological, or other protected resources during WORK, all WORK in that area will stop and that PARTY will notify all PARTIES within 24 hours of discovery. WORK may only resume after a qualified professional has evaluated the nature and significance of the discovery and CALTRANS approves a plan for its removal or protection. Disclosures 38. PARTIES will hold all administrative drafts and administrative final reports, studies, materials, and documentation relied upon, produced, created, or utilized for the WORK in confidence to the extent permitted by law and where applicable, the provisions of California Government Code, Section 6254.5(e) will protect the confidentiality of such documents in the event that said documents are shared between PARTIES. PARTIES will not distribute, release, or share said documents with anyone other than employees, agents, and consultants who require access to complete the WORK without the written consent of the PARTY authorized to release them, unless required or authorized to do so by law. 39. If a PARTY receives a public records request pertaining to the WORK, that PARTY will notify PARTIES within five (5) working days of receipt and make PARTIES aware of any disclosed public records. 332 8of15 Agreement 08-1713 Project No. 0800020184 EA OL160 08-RIV-10-8.2/11.3 Hazardous Materials 40. If any hazardous materials, pursuant to Health and Safety Code 25260(d), are found within the PROJECT limits, the discovering PARTY will notify all other PARTIES within twenty-four (24) hours of discovery. 41. PARTIES agree to consider alternatives to PROJECT scope and/or alignment, to the extent practicable, in an effort to avoid any known hazardous materials within the proposed PROJECT limits. 42. If hazardous materials are discovered within PROJECT limits, but outside of State Highway System right-of-way, it is the responsibility of RCTC in concert with the local agency having land use jurisdiction over the property, and the property owner, to remedy before CALTRANS will acquire or accept title to such property. Claims 43. Any PARTY that is responsible for completing WORK may accept, reject, compromise, settle, or litigate claims arising from the WORK without concurrence from the other PARTY. 44. PARTIES will confer on any claim that may affect the WORK or PARTIES' liability or responsibility under this AGREEMENT in order to retain resolution possibilities for potential future claims. No PARTY will prejudice the rights of another PARTY until after PARTIES confer on the claim. 45. If the WORK expends state or federal funds, each PARTY will comply with the Federal Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards of 2 CFR, Part 200. PARTIES will ensure that any for -profit consultant hired to participate in the WORK will comply with the requirements in 48 CFR, Chapter 1, Part 31. When state or federal funds are expended on the WORK these principles and requirements apply to all funding types included in this AGREEMENT. Accounting and Audits 46. PARTIES will maintain, and will ensure that any consultant hired by PARTIES to participate in WORK will maintain, a financial management system that conforms to Generally Accepted Accounting Principles (GAAP), and that can properly accumulate and segregate incurred PROJECT costs and billings. 333 9of15 Agreement 08-1713 Project No. 0800020184 EA OL160 08-RIV-10-8.2/11.3 47. PARTIES will maintain and make available to each other all WORK -related documents, including financial data, during the term of this AGREEMENT. PARTIES will retain all WORK -related records for three (3) years after the final voucher. PARTIES will require that any consultants hired to participate in the WORK will comply with this Article. 48. PARTIES have the right to audit each other in accordance with generally accepted governmental audit standards. CALTRANS, the State Auditor, FHWA (if the PROJECT utilizes federal funds), and RCTC will have access to all WORK -related records of each PARTY, and any consultant hired by a PARTY to participate in WORK, for audit, examination, excerpt, or transcription. The examination of any records will take place in the offices and locations where said records are generated and/or stored and will be accomplished during reasonable hours of operation. The auditing PARTY will be permitted to make copies of any WORK -related records needed for the audit. The audited PARTY will review the draft audit, findings, and recommendations, and provide written comments within thirty (30) calendar days of receipt. Upon completion of the final audit, PARTIES have forty-five (45) calendar days to refund or invoice as necessary in order to satisfy the obligation of the audit. Any audit dispute not resolved by PARTIES is subject to mediation. Mediation will follow the process described in the General Conditions section of this AGREEMENT. 49. If the WORK expends state or federal funds, each PARTY will undergo an annual audit in accordance with the Single Audit Act in the Federal Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards as defined in 2 CFR, Part 200. 50. When a PARTY reimburses a consultant for WORK with state or federal funds, the procurement of the consultant and the consultant overhead costs will be in accordance with the Local Assistance Procedures Manual, Chapter 10. Penalties, Judgements and Settlements 51. The cost of awards, judgements, or settlements generated by the WORK are to be paid from the funds obligated in this AGREEMENT. 334 10 of 15 Agreement 08-1713 Project No. 0800020184 EA OL160 08-RIV-10-8.2/11.3 52. Any PARTY whose action or lack of action causes the levy of fines, interest, or penalties will indemnify and hold all other PARTIES harmless per the terms of this AGREEMENT. GENERAL CONDITIONS Venue 53. PARTIES understand that this AGREEMENT is in accordance with and governed by the Constitution and laws of the State of California. This AGREEMENT will be enforceable in the State of California. Any PARTY initiating legal action arising from this AGREEMENT will file and maintain that legal action in the Superior Court of the county in which the CALTRANS district office that is signatory to this AGREEMENT resides, or in the Superior Court of the county in which the PROJECT is physically located. Exemptions 54. All CALTRANS' obligations under this AGREEMENT are subject to the appropriation of resources by the Legislature, the State Budget Act authority, programming and allocation of funds by the California Transportation Commission (CTC). Indemnification 55. Neither CALTRANS nor any of their officers and employees, are responsible for any injury, damage, or liability occurring by reason of anything done or omitted to be done by RCTC, its contractors, sub -contractors, and/or its agents under or in connection with any work, authority, or jurisdiction conferred upon RCTC under this AGREEMENT. It is understood and agreed that RCTC, to the extent permitted by law, will defend, indemnify, and save harmless CALTRANS and all of their officers and employees from all claims, suits, or actions of every name, kind, and description brought forth under, but not limited to, tortious, contractual, inverse condemnation, or other theories and assertions of liability occurring by reason of anything done or omitted to be done by RCTC, its contractors, sub -contractors, and/or its agents under this AGREEMENT. 335 11 of 15 Agreement 08-1713 Project No. 0800020184 EA OL160 08-RIV-10-8.2/11.3 56. Neither RCTC nor any of their officers and employees, are responsible for any injury, damage, or liability occurring by reason of anything done or omitted to be done by CALTRANS, its contractors, sub -contractors, and/or its agents under or in connection with any work, authority, or jurisdiction conferred upon CALTRANS under this AGREEMENT. It is understood and agreed that CALTRANS, to the extent permitted by law, will defend, indemnify, and save harmless RCTC and all of their officers and employees from all claims, suits, or actions of every name, kind, and description brought forth under, but not limited to, tortious, contractual, inverse condemnation, or other theories and assertions of liability occurring by reason of anything done or omitted to be done by CALTRANS, its contractors, sub -contractors, and/or its agents under this AGREEMENT. Non-parties 57. PARTIES do not intend this AGREEMENT to create a third party beneficiary or define duties, obligations, or rights for entities not signatory to this AGREEMENT. PARTIES do not intend this AGREEMENT to affect their legal liability by imposing any standard of care for fulfilling the WORK different from the standards imposed by law. 58. PARTIES will not assign or attempt to assign obligations to entities not signatory to this AGREEMENT without an amendment to this AGREEMENT. Ambiguity and Performance 59. RCTC will not interpret any ambiguity contained in this AGREEMENT against CALTRANS. RCTC waives the provisions of California Civil Code, Section 1654. A waiver of a PARTY's performance under this AGREEMENT will not constitute a continuous waiver of any other provision. 60. A delay or omission to exercise a right or power due to a default does not negate the use of that right or power in the future when deemed necessary. Defaults 61. If any PARTY defaults in its performance of the WORK, a non -defaulting PARTY will request in writing that the default be remedied within thirty (30) calendar days. If the defaulting PARTY fails to do so, the non -defaulting PARTY may initiate dispute resolution. 336 12 of 15 Agreement 08-1713 Project No. 0800020184 EA OL160 08-RIV-10-8.2/11.3 Dispute Resolution 62. PARTIES will first attempt to resolve AGREEMENT disputes at the PROJECT team level as described in the Quality Management Plan. If they cannot resolve the dispute themselves, the CALTRANS District Director and the Executive Officer of RCTC will attempt to negotiate a resolution. If PARTIES do not reach a resolution, PARTIES' legal counsel will initiate mediation. PARTIES agree to participate in mediation in good faith and will share equally in its costs. Neither the dispute nor the mediation process relieves PARTIES from full and timely performance of the WORK in accordance with the terms of this AGREEMENT. However, if any PARTY stops fulfilling its obligations, any other PARTY may seek equitable relief to ensure that the WORK continues. Except for equitable relief, no PARTY may file a civil complaint until after mediation, or forty-five (45) calendar days after filing the written mediation request, whichever occurs first. PARTIES will file any civil complaints in the Superior Court of the county in which the CALTRANS District Office signatory to this AGREEMENT resides or in the Superior Court of the county in which the PROJECT is physically located. 63. PARTIES maintain the ability to pursue alternative or additional dispute remedies if a previously selected remedy does not achieve resolution. Prevailing Wage 64. When WORK falls within the Labor Code § 1720(a)(1) definition of "public works" in that it is construction, alteration, demolition, installation, or repair; or maintenance work under Labor Code § 1771, PARTIES will conform to the provisions of Labor Code §§ 1720-1815, and all applicable provisions of California Code of Regulations, Title 8, Division 1, Chapter 8, Subchapter 3, Articles 1-7. PARTIES will include prevailing wage requirements in contracts for public work and require contractors to include the same prevailing wage requirements in all subcontracts. Work performed by a PARTY's own employees is exempt from the Labor Code's Prevailing Wage requirements. If WORK is paid for, in whole or part, with federal funds and is of the type of work subject to federal prevailing wage requirements, PARTIES will conform to the provisions of the Davis - Bacon and Related Acts, 40 U.S.C. §§ 3141-3148. 337 13 of 15 Agreement 08-1713 Project No. 0800020184 EA OL160 08-RIV-10-8.2/11.3 When applicable, PARTIES will include federal prevailing wage requirements in contracts for public works. WORK performed by a PARTY's employees is exempt from federal prevailing wage requirements. 338 14 of 15 Agreement 08-1713 Project No. 0800020184 EA OL160 08-RIV-10-8.2/11.3 SIGNATURES PARTIES are empowered by California Streets and Highways Code to enter into this AGREEMENT and have delegated to the undersigned the authority to execute this AGREEMENT on behalf of the respective agencies and covenants to have followed all the necessary legal requirements to validly execute this AGREEMENT. Signatories may execute this AGREEMENT through individual signature pages provided that each signature is an original. This AGREEMENT is not fully executed until all original signatures are attached. STATE OF CALIFORNIA DEPARTMENT OF TRANSPORTATION Michael D. Beauchamp District Director VERIFICATION OF FUNDS AND AUTHORITY: Mary Risaliti District Budget Manager CERTIFIED AS TO FINANCIAL TERMS AND POLICIES: Darwin Salmos HQ Accounting Supervisor RIVERSIDE COUNTY TRANSPORTATION COMMISSION NOT FOR SIGNATURES Anne Mayer Executive Director Attest: Name Tbd Title TBD Approved as to form and procedure: Best, Best And Krieger Legal Counsel 339 15 of 15 AGREEMENT 08 - 1713 Project No. 0800020184 EA OL160 08-RIV-10-8.2/11.3 FUNDING SUMMARY NO. 01 FUNDING TABLE Source Party Fund Type PID Totals LOCAL RCTC Local 190,000 Totals $190,000 SPENDING SUMMARY Fund Type PID Totals CALTRANS RCTC Local 31,000 31,000 Local 159,000 159,000 Totals 190,000 $190,000 1 of 3 340 FUNDING SUMMARY No. 01 Funding AGREEMENT 08 - 1713 Project No. 0800020184 EA OL160 08-RIV-10-8.2/11.3 1. Per the State Budget Act of 2012, Chapter 603, amending item 2660-001-0042 of Section 2.00, the cost of any engineering support performed by CALTRANS towards any local government agency -sponsored PID project will only include direct costs. Indirect or overhead costs will not be applied during the development of the PID document. Invoicing and Payment 2. PARTIES will invoice for funds where the SPENDING SUMMARY shows that one PARTY provides funds for use by another PARTY. PARTIES will pay invoices within forty-five (45) calendar days of receipt of invoice when not paying with Electronic Funds Transfer (EFT). When paying with EFT, RCTC will pay invoices within five (5) calendar days of receipt of invoice. 3. If RCTC has received EFT certification from CALTRANS then RCTC will use the EFT mechanism and follow all EFT procedures to pay all invoices issued from CALTRANS. 4. When a PARTY is reimbursed for actual cost, invoices will be submitted each month for the prior month's expenditures. After all PROJECT COMPONENT WORK is complete, PARTIES will submit a final accounting of all PROJECT COMPONENT costs. Based on the final accounting, PARTIES will invoice or refund as necessary to satisfy the financial commitments of this AGREEMENT. Project Initiation Document (PID) 5. CALTRANS will invoice RCTC for a $31,000 initial deposit after execution of this AGREEMENT and forty-five (45) working days prior to the commencement of PID expenditures. This deposit represents two (2) months' estimated costs. Thereafter, CALTRANS will invoice and RCTC will reimburse for actual costs incurred and paid. 2 of 5 341 AGREEMENT 08 - 1713 Project No. 0800020184 EA OL160 08-RIV-10-8.2/11.3 SCOPE SUMMARY WORK ELEMENT E- � U L.) 'dz 0.100.05.05.xx - Quality Management Plan X 0.100.05.05.xx - Risk Management Plan X 0.100.05.05.xx - Communication Plan X 0.100.05.10.xx - Cooperative Agreement for PA&ED Phase X 0.100.05.10.xx - Independent Quality Assurance (IQA) X 0.100.05.10.xx - Project Development Team Meetings X X 1.150.05.05 - Review of Existing Reports Studies and Mapping X 1.150.05.05.xx - Provision of Existing Reports, Data, Studies, and Mapping X 1.150.05.10 - Geological Hazards Review X 1.150.05.10.xx - Provision of Existing Geological Information X 1.150.05.15 - Utility Search X 1.150.05.15.xx - Provision of Existing Utility Information X 1.150.05.20 - Environmental Constraints Identification X 1.150.05.20.xx - Provision of Environmental Constraints Information X 1.150.05.25 - Traffic Forecasts/Modeling X 1.150.05.25.xx - Provision of Existing Traffic Forecasts/Modeling Information X 1.150.05.30 - Surveys and Maps for PID X 1.150.05.30.xx - Provision of Existing Surveys and Mapping X 1.150.05.35 — Transportation Problem Definition and Site Assessment X 1.150.05.45 - As -Built Centerline and Existing Right of Way X 1.150.05.xx - Provision of Existing District Geotechnical Information X 1.150.10 — Initial Alternatives Development X 1.150.10.05 - Public/Local Agency Input X 1.150.10.15 — Concept Alternatives Development X 1.150.15 — Alternatives Analysis X 1.150.15.05 - Right of Way Data Sheets X 3 of 5 342 AGREEMENT 08 - 1713 Project No. 0800020184 EA OL160 08-RIV-10-8.2/11.3 WORK ELEMENT 1.150.15.10 - Utility Relocation Requirements Assessment E- L) U a X 'dz 1.150.15.15 - Railroad Involvement Determination X 1.150.15.25 - Preliminary Materials Report X 1.150.15.30 — Structures Advance Planning Study (APS) X 1.150.15.35 - Multimodal Review X 1.150.15.40 - Hydraulic Review X 1.150.15.50 - Traffic Studies X 1.150.15.55 - Construction Estimates X 1.150.15.60 — Preliminary Transportation Management Plan X 1.150.20 — Preliminary Environmental Analysis Report (PEAR) X 1.150.20.05 - Initial Noise Study X 1.150.20.10 - Hazardous Waste Initial Site Assessment X 1.150.20.15 - Scenic Resource and Landscape Architecture Review X 1.150.20.20 — Initial NEPA/404 Coordination X 1.150.20.25 — Initial Biology Study X 1.150.20.30 - Initial Records and Literature Search for Cultural Resources X 1.150.20.40 - Initial Community Impact Analysis, Land Use, and Growth Studies X 1.150.20.45 - Initial Air Quality Study Studies X 1.150.20.50 - Initial Water Quality Studies X 1.150.20.60 - Preliminary Environmental Analysis Report Preparation X 1.150.20.65 - Initial Paleontology Study X 1.150.25.05 - Draft PID X 1.150.25.10 — Approved Exceptions to Design Standards X 1.150.25.20 - PID Circulation, Review, and Approval X 1.150.25.25 - Storm Water Data Report X 1.150.25.30.05 — Cost Estimate for Alternatives X 1.150.25.99 — Other PID Products X 4of5 343 AGREEMENT 08 - 1713 Project No. 0800020184 EA OL160 08-RIV-10-8.2/11.3 WORK ELEMENT 1.150.35 - Required Permits During PID Development E- � U a X d 'z 1.150.40 - Permit Identification During PID Development X 1.150.45 - Base Maps and Plan Sheets for PID X 5 of 5 344 ATTACHMENT 3 Agreement No. 20-72-018-00 FUNDING AGREEMENT BETWEEN RIVERSIDE COUNTY TRANSPORTATION COMMISSION AND WESTERN RIVERSIDE COUNCIL OF GOVERNMENTS FOR THE PREPARATION OF THE I-10/HIGHLAND SPRINGS INTERCHANGE PROJECT STUDY REPORT 1. Parties and Date. This Agreement is made and entered into this day of , 2019, (the "Effective Date") by and between the Riverside County Transportation Commission (RCTC) and the Western Riverside Council of Governments (WRCOG). 2. Recitals. 2.1 WRCOG has allocated $2 Million of Transportation Uniform Mitigation Fees (TUMF) for the preparation of a Project Study Report (PSR) for the I-10/Highland Springs Interchange (Project). 2.2 The cities of Banning and Beaumont and RCTC have entered into an Agreement for the preparation of the Project PSR. 2.3 WRCOG has agreed to provide up to $2 Million to RCTC for the preparation of the PSR for the Project. 3. Terms. 3.1 Preparation of PSR for I-10/Highland Springs Interchange Project. A. RCTC shall prepare a PSR for the Project solely using funds allocated by WRCOG. RCTC shall be the lead agency for the preparation of the PSR. The Parties agree that RCTC shall not have any obligation to fund the preparation of the PSR using its own funds. In the case that additional funds are needed to complete the PSR, the source of funding for the PSR needed beyond the funding described in Section 3.2 or any other phases of the Project, or construction of any portion or all of the Project, shall be by separate agreement(s). 3.2 Funding. WRCOG shall, upon written request of RCTC, provide up to $2 Million of TUMF to RCTC for the preparation of the PSR for the Project. 3.3 Term of Agreement. The term of this Funding Agreement shall extend from the Effective date (as set forth above) and will remain in effect through , 2020, or until written agreement by the Parties that the Project has been completed, unless earlier terminated as provided in this Funding Agreement. 2307022 17336.00001 \32339032.1 345 3.4 Use of PSR. The Parties understand and agree that the PSR, upon completion, may be used by RCTC, Beaumont, Banning and/or Caltrans for completion of other phases of the Project. 3.5 Accounting, RCTC shall within thirty (30) days of the completion of the Project provide to WRCOG a full reporting and accounting of all funds received and expended pursuant to this Funding Agreement during its term. 3.6 Reporting. RCTC shall, in a timely manner, provide milestone reports to WRCOG, detailing the progress of preparation of the PSR. 3.7 Mutual Indemnification. A. RCTC shall, at its sole cost and expense, indemnify, defend and hold WRCOG, and its elected and appointed officials, officers, employees, agents, and each of them, free and harmless from any and all claims, demands, causes of action, costs, expenses, liabilities, losses, judgments, penalties, damages or injuries, in law or in equity, to property or persons, including wrongful death, whether actual, alleged or threatened, which arise in any manner out of, pertain to, or relate to, in whole or in part, to any negligent acts, omissions or breach of law, recklessness, or willful misconduct of RCTC, its board, directors, officials, officers, employees, agents, consultants or contractors in the performance of RCTC's obligations under this Funding Agreement, including but expressly not limited to fees of accountants or other professionals, and all costs associated therewith, and the payment of all reasonable attorneys' fees and costs. B. WRCOG shall, at its sole cost and expense, indemnify, defend and hold RCTC, and its directors, board, city council, elected or appointed officials, officers, employees, agents, and each of them, free and harmless from any and all claims, demands, causes of action, costs, expenses, liabilities, losses, judgments, penalties, damages or injuries, in law or in equity, to property or persons, including wrongful death, whether actual, alleged or threatened, which in any manner arise out of, pertain to, or relate to, in whole or in part, to any negligent acts, omissions or breach of law, recklessness, or willful misconduct of WRCOG, its board, elected or appointed officials, officers, employees, agents, including but expressly not limited to fees of accountants or other professionals, and all costs associated therewith, and the payment of all reasonable attorneys' fees and costs. Amendments. The terms and conditions of this Funding Agreement shall not be altered or modified at any time except by a written amendment executed by the mutual consent of the Parties by an instrument in writing. 3.8 Waiver. No delay or omission in the exercise of any right or remedy of a non -defaulting Party on any default shall impair such right or remedy or be construed as a waiver. No consent or approval of either Party shall be deemed to waive or render unnecessary such Party's consent to or approval of any subsequent act of the other Party. Any waiver by either Party of any default must be in writing and shall not be a 2307022 17336.00001\32339032.1 346 waiver of any other default concerning the same or any other provision of this Funding Agreement. 3.9 Severability. In the event that any one or more of the phrases, sentences, clauses, paragraphs, or sections contained in this Funding Agreement shall be declared invalid or unenforceable by valid judgment or decree of a court of competent jurisdiction, such invalidity or unenforceability shall not affect any of the remaining phrases, sentences, clauses, paragraphs, or sections of this Funding Agreement, which shall be interpreted to carry out the intent of the parties hereunder. 3.10 Survival. All rights and obligations hereunder that by their nature are to continue after any expiration or termination of this Funding Agreement, shall survive any such expiration or termination. 3.11 Third Party Beneficiaries. There are no third -party beneficiaries to this Funding Agreement. 3.12 Termination. Any Party may terminate this Funding Agreement by giving thirty (30) days written notice thereof. 3.13 Assignment or Transfer. The Parties shall not assign, hypothecate, or transfer, either directly or by operation of law, this Funding Agreement or any interest herein without the prior written consent of the other Parties. Any attempt to do so shall be null and void, and any assignees, hypothecates or transferees shall acquire no right or interest by reason of such attempted assignment, hypothecation or transfer. 3.14 Binding Effect. Each and all of the covenants and conditions shall be binding on and shall inure to the benefit of the Parties, and their successors, heirs, personal representatives, or assigns. This section shall not be construed as an authorization for any Party to assign any right or obligation 3.15 Notices. All notices, demands, invoices, and written communications shall be in writing and delivered to the following addresses or such other addresses as the Parties may designate by written notice: To RCTC: To W RCOG : Riverside County Transportation Commission 4080 Lemon Street, Third Floor P.O. Box 12008 Riverside, CA 92502-2208 Attention: Executive Director Western Riverside Council of Governments 3390 University Ave, Suite 450 Riverside, California 92501 Attention: Executive Director Depending upon the method of transmittal, notice shall be deemed received as follows: by facsimile, as of the date and time sent; by messenger, as of the date 2307022 17336.00001\32339032.1 347 delivered; and by U.S. Mail first class postage prepaid, as of 72 hours after deposit in the U.S. Mail. 3.16 Time of Performance. Time is of the essence in the performance of this Agreement. 3.17 Governing Law. This Agreement is in all respects governed by California law and venue for any dispute shall be in Riverside County. 3.18 Insurance. The Parties each verify that they are self -insured or maintain insurance coverage in reasonable and customary amounts for their respective operations. 3.19 Authority to Enter into Agreement. Each Party warrants that the individuals who have signed this Funding Agreement have the legal power, right and authority to make this Funding Agreement and bind each respective Party. 3.20 Counterparts. This Funding Agreement may be signed in counterparts, each of which shall constitute an original and which collectively shall constitute one instrument. 3.21 Entire Agreement. This Funding Agreement contains the entire agreement of the Parties relating to the subject matter hereof and supersedes all prior negotiations, agreements or understandings. IN WITNESS WHEREOF, the parties hereto have executed this Funding Agreement on the date first herein above written. [Signatures on following page] 2307022 17336.00001\32339032.1 348 SIGNATURE PAGE TO I-10/HIGHLAND SPRINGS PROJECT STUDY REPORT FUNDING AGREEMENT IN WITNESS WHEREOF, the parties hereto have executed the Agreement on the Effective Date. RIVERSIDE COUNTY WESTERN RIVERSIDE COUNCIL OF TRANSPORTATION COMMISSION GOVERNMENTS By: By: Anne Mayer, Executive Director Rick Bishop, Executive Director 2307022 17336.00001 \32339032.1 349 AGENDA ITEM 7J RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: December 11, 2019 TO: Riverside County Transportation Commission FROM: Mark Lancaster, Capital Projects Manager THROUGH: Anne Mayer, Executive Director SUBJECT: Amendment with WKE, Inc. for the Interstate 15/Railroad Canyon Road Interchange Project in the City of Lake Elsinore STAFF RECOMMENDATION: This item is for the Commission to: 1) Approve Agreement Amendment No. 17-31-048-07 with WKE, Inc. (WKE) to finish final design services, prepare the project for Ready to List (RTL), and provide construction support related to the Interstate 15/Railroad Canyon Road interchange improvement project (Project) in the amount of $471,167, plus a contingency amount of $47,000, for an additional amount of $518,167, and a total amount not to exceed $4,070,438; 2) Approve Agreement No. 10-72-016-08, Amendment No. 8 to Agreement No. 10-72-016-00, with the city of Lake Elsinore (City) to reprogram $518,167 of Transportation Uniform Mitigation Fees (TUMF) right of way phase funds to the plans, specifications, and estimates (PS&E) phase for the Project; 3) Authorize the Executive Director, pursuant to legal counsel review, to execute the agreements on behalf of the Commission; and 4) Authorize the Executive Director or designee to approve the use of the contingency amount as may be required for the Project. BACKGROUND INFORMATION: Since May 2011, the Commission has managed the Project (see Project map on Attachment 1) on behalf of the City. The Project will improve traffic circulation within the area by constructing new hook ramps connecting to Grape Street, reconstructing the existing northbound on -ramp, widening the southbound ramps, widening Railroad Canyon Road under the freeway to eight lanes, and installing drainage and signal improvements. The project approval and environmental document phase was completed in August 2017. At its September 2017 meeting, the Commission approved an agreement with WKE for final engineering services and PS&E related to the Project in the amount of $3,229,337, plus a contingency amount of $322,934, for a total amount not to exceed $3,552,271. Subsequent Amendments 1 through 6 related to administrative matters and used contingency for additional PS&E services for the Project. The table below provides a summary of the initial agreement and Agenda Item 7J 350 subsequent amendments, resulting in a total contract amount of $3,550,667, and remaining contingency of $1,604. Commission Authorization Contract Execution Date Amount Date Amount Description Original 9/13/17 $ 3,552,271 9/13/17 $ 3,229,337 Perform PS&E for I-15 Railroad Canyon Project Amendment No. 1 N/A $0.00 12/19/17 - Update salary ranges Amendment No. 2 N/A $0.00 4/25/18 - Update salary ranges Amendment No. 3 N/A $0.00 5/7/18 - Update salary ranges and classification Amendment No. 4 N/A $0.00 8/6/18 - Include additional staff Amendment No. 5 N/A $0.00 11/1/18 238,360 Revised scope of services for continue PS&E Amendment No. 6 N/A $0.00 7/1/19 82,970 Provide additional scope of work Total 3,552,271 3,550,667 Amendment No. 7 (proposed) 12/11/19 518,167 471,167 Additional design changes and construction support $ 4,070,438 $ 4,021,834 DISCUSSION: The design of the Project has conditional approval from Caltrans, and environmental and right of way certification has been achieved, making the Project RTL for advertisement. Construction is scheduled to begin in spring 2020. The original design phase scope of work assumed a construction support duration of 1.5 years. Since then, the design of the Project became more complex in nature, added additional construction scope such as two new overhead signs and three new retaining walls, and increased the construction support duration by 12 months. In addition, ongoing coordination with Caltrans and the City identified the following work items that were not included in the original scope of the Project, but are currently required to be completed by WKE: • Freeway Maintenance Agreement • Freeway Agreement • Shared Electrical Agreement • Landscape Maintenance Agreement • Landscape Exception (Fact Sheet Exception to Separate Contract Policy for Highway Planting) Staff negotiated the scope of work (including the appropriate level of effort, labor categories/mix, etc.), cost, and schedule proposal received from WKE for the additional services and established a fair and reasonable price. The proposed cost is $471,167. Agenda Item 7J 351 Staff recommends approval of Amendment No. 7 to the WKE agreement to cover these additional scope items for the Project, based on the final negotiated scope and cost of $471,167, plus a contingency amount of $47,000 for an additional amount of $518,167, and a total authorized amount not to exceed $4,070,438. The PS&E phase of work is funded with TUMF through the Western Riverside Council of Governments zone program and Commission's regional arterial program. With this proposed amendment, there is a funding shortfall of $518,167; however, staff determined that right of way phase TUMF regional arterial funds are available due to lower than budgeted costs for utility relocations and property acquisitions. Accordingly, staff recommends an amendment to the agreement with the City to reprogram $518,167 of right of way phase funds to the PS&E phase. Additionally, staff recommends authorization for the Executive Director to execute the agreements on behalf of the Commission and for the Executive Director or designee to approve the use of the contingency amount as may be required for the Project. Financial Information In Fiscal Year Budget: Yes N/A Year: FY 2019/20 FY 2020/21+ Amount: $250,000 $268,167 Source of Funds: TUMF Zone and Regional Arterial program funds Budget Adjustment: No N/A GL/Project Accounting No.: 005104 81102 00000 0000 210 72 81101 Fiscal Procedures Approved: \ii€4.4wativir Date: 11/22/2019 Attachments: 1) Vicinity Map-I-15/Railroad Canyon Road Interchange 2) WKE, Inc. Agreement No. 17-31-048-07 3) City of Lake Elsinore Agreement No. 10-72-016-08 Agenda Item 7J 352 `-� ,•.— •:�.. ►. �,,, .-,•;•,•.,,. M .. fie► •r1� ,. _ _ .' ; t.—..rR T'' { -�� } '" '� Ir �� � �" r� �,__.-- .w•^^'�-r/ � N•.. - .. .' -� �, p rl •.• i , L , '�/� �`-1 • ,�, v _T".. M . 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FOR PREPARATION OF PLANS, SPECIFICATIONS AND ESTIMATES (PS&E) SERVICES FOR THE INTERSTATE 15 / RAILROAD CANYON ROAD INTERCHANGE IMPROVEMENTS PROJECT 1. PARTIES AND DATE This Amendment No. 7 to the Agreement for Preparation of Plans, Specifications and Estimates (PS&E) for the Interstate 15 / Railroad Canyon Road Interchange Improvements Project is made and entered into as of 2019, by and between the RIVERSIDE COUNTY TRANSPORTATION COMMISSION ("Commission") and WKE, INC. ("Consultant"). 2. RECITALS 2.1 The Commission and the Consultant have entered into an agreement dated September 13, 2017 for the purpose of providing preparation of plans, specifications and estimates (PS&E) services for the Interstate 15 / Railroad Canyon Interchange Improvements Project (the "Master Agreement"). 2.2 The Commission and Consultant have entered into an Amendment No. 1 to the Master Agreement, dated December 19, 2017, for the purpose of adding additional staff and to update salary ranges and classifications. 2.3 The Commission and Consultant have entered into an Amendment No. 2 to the Master Agreement, dated April 25, 2018, for the purpose of updating salary ranges and classifications. 2.4 The Commission and Consultant have entered into an Amendment No. 3 to the Master Agreement, dated May 17, 2018, for the purpose of updating salary ranges and classifications. 2.5 The Commission and Consultant have entered into an Amendment No. 4 to the Master Agreement, dated August 16, 2018, for the purpose of adding additional staff and to update salary ranges and classifications. 17336,01200\32137705.1 354 2.6 The Commission and Consultant have entered into an Amendment No. 5 to the Master Agreement, dated November 1, 2018, for the purpose of providing additional compensation for continued PS&E services. 2.7 The Commission and Consultant have entered into an Amendment No. 6 to the Master Agreement, dated July 1, 2019, for the purpose of providing additional compensation for continued PS&E services. 2.8 The parties now desire to amend the Master Agreement in order to revise the Scope of Services, and to provide additional compensation for continued PS&E services. 3. TERMS 3.1 The Scope of Services for the Master Agreement shall be amended to provide additional PS&E services, as more fully described in Exhibit "A", attached to this Amendment and incorporated herein by reference. 3.2 The maximum compensation for Services performed pursuant to this Amendment No. 7 shall not exceed four hundred seventy-one thousand and one hundred sixty-seven dollars ($471,167) as further detailed in Exhibit "A". 3.3 The total compensation of the Master Agreement, as amended by this Amendment No. 7, shall be increased from three million, five hundred fifty thousand and six hundred sixty-seven dollars ($3,550,667) to a not to exceed amount of four million, twenty one thousand and eight hundred thirty-four dollars ($4,021,834). 3.4 Except as amended by this Amendment No. 7, all provisions of the Master Agreement, as amended by Amendment No. 1, 2, 3, 4, 5 and 6, including without limitation the indemnity and insurance provisions, shall remain in full force and effect and shall govern the actions of the parties under this Amendment. 3.5 This Amendment No. 7 shall be governed by the laws of the State of California. Venue shall be in Riverside County. 3.6 This Amendment No. 7 may be signed in counterparts, each of which shall constitute an original. [Signatures on following page] 17336.01200\32137705.1 2 355 SIGNATURE PAGE TO AGREEMENT NO. 17-31-048-07 IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the date first herein above written. RIVERSIDE COUNTY TRANSPORTATION COMMISSION Anne Mayer, Executive Director WKE, INC. By: Signature Name Title APPROVED AS TO FORM: Attest: 0 Best Best & Krieger LLP Counsel to the Riverside County Transportation Commission Its: * A corporation requires the signatures of two corporate officers. One signature shall be that of the chairman of board, the president or any vice president and the second signature (on the attest line) shall be that of the secretary, any assistant secretary, the chief financial officer or any assistant treasurer of such corporation. If the above persons are not the intended signators, evidence of signature authority shall be provided to the Commission. 17336.01200\32137705.1 3 356 EXHIBIT "A" [Attached behind this page] 17336.01200\32137705.1 Exhibit A 357 August 30, 2019 Mark Lancaster Project Manager Riverside County Transportation Commission 4080 Lemon Street, V Floor Riverside, CA 92501 Subject: Contract Amendment #7 — Additional out -of -scope work Dear Mr. Lancaster WKE is requesting your consideration for Amendment No. 7 that will take us through the construction of the 1-15/Railroad Canyon Road Project. These design changes are beyond the scope of improvements identified in the approved Project Report which was used as the basis for the contract design budget allocation. Following is a detailed breakdown of the additional services: ITEM #1 Construction Support Tasks 6-8 In Amendment 05, dated October 8, 2018, the fees for Tasks 6-8 were reallocated to support additional out of scope work in the design phase. The original scope assumed a construction support duration of 1.5 years. Since then, the design of the project, became more complex in nature, added additional construction scope (such as two new overhead signs and three new retaining walls), and increased the construction support duration by 12 months. In order to complete the Construction Support Task, an Amendment is requested to add fees in Tasks.6-8. WKE Jacobs LIN Total Task 6 — Bidding Ilk, $26,4.88 $0 $0 $26,488 Task 7 Constructior) Support $243,269 $35,738 $7,194 $286,201 Task 8 Closeout $41,898 $6,054 $3,258 $51,210 Total $311,655 $41,792 1 $10,452 $363,899 Additional Cost: $363,899 1851 E FIRST STREET, SUITE 1400 • SANTA ANA • CA 0 92705 0 PHONE(714)953-266 358 ITEM #2 Proiect Aareernents for Final Desiqn Approval (Task I.I-Id): The original scope did not include design support to develop any project Agency agreements. It was assumed that all existing agreements would remain without modifications. The following existing Agency agreements required modification/updating to obtain final project approval: ■ Freeway Maintenance Agreement • Freeway Agreement • Shared Electrical Agreement • Landscape Maintenance Agreement • Landscape Exception (Fact Sheet Exception to Separate Contract Policy for Highway Planting) Additional Cost: $107,268 SUMMARY Table 1 summarizes the project contract fee and previous fee amendments. Table 1 Task Contract Fee Amendment 5 Amount Amendment 6 Amendment 7 Amount,"40 Amount Revised Fee 1 - PM $301,138 $0 $3,987 $107,268 $412,393 2 - 30% $763,630 $99,474 '$0 $0 $863,103 3 - 60% $917,035 $141,972 $32,073 $0 $1,091,080 4 - 95% $577,400 $105,821 $22,125 $0 $705,347 5 - 100% $299,394 . $22,332 M785 $0 $330,511 6 - Bidding $8,580-$8,580 $0 $26,488 $26,488 7 - Const Support $145,511, 1-$121,816 $0 $286,201 $309,896 8 - Closeout $17,249 . -$17,249 $0 $51,210 $51,210 9 - CDC $199,400 $16,406 $16,000 $0 $231,806 Total $3,229,337 $238,360 $82,970 $471,167 $4,021,834 The overall cost of the additional services requested under Amendment No. 7 is at $471,167.00. No changes are required to' the schedule to allow for completion of the additional services, and the contract schedule would remain unchanged. If you have any questions or require additional information, please contact me at (714) 581-4921. Sincerely, ��J ,';7� David Lew, PE Project Manager Enclosure(s): Fee Breakdown Copy: Gustavo Quintero/RCTC Project Coordinator 1851 F FIRST STREET, SUIT[ 1400 CA • 92705 PHONL (714) 953-2665 359 EXHIBIT "B" COMPENSATION SUMMARY FIRM PROJECT TASKS/ROLE Prime Consultant: WKE, Inc Design Services and Construction Support $ ;7t418,923.00 Sub Consultants: Jacobs Structures Design 41,792.00 LIN Consulting Electrical Design 10,452.00 SUBTOTAL 471.167.00 OTHER DIRECT COSTS _ TOTAL COSTS $ 471,167.00 Commission authorization pertains to total contract award amount. Compensation adjustments between consultants may occur; however, the maximum total compensation authorized may not be exceeded. 360 ATTACHMENT 3 Agreement No. 10-72-016-08 AMENDMENT NO.8 TO AGREEMENT FOR TUMF REGIONAL ARTERIAL IMPROVEMENTS WITH THE CITY OF LAKE ELSINORE RAILROAD CANYON ROAD @ I-15 IMPROVEMENTS COOPERATIVE AGREEMENT FOR MANAGEMENT AND FUNDING OF CONSTRUCTION PHASE 1. Parties and Date. 1.1 This Amendment No. 8 is executed and entered into this _ day of , 2019, by and between the RIVERSIDE COUNTY TRANSPORTATION COMMISSION ("RCTC") and the CITY OF LAKE ELSINORE ("City"). RCTC and City are sometimes collectively referred to herein as the "Parties". 2. Recitals. 2.1 RCTC and the City have entered into an agreement entitled "Agreement for the Funding of TUMF Regional Arterial Improvements with the City of Lake Elsinore" dated February 4, 2010 (the "Master Agreement"). The Master Agreement provides the terms and conditions, scope of work, schedule and funding amount for the Project Approval and Environmental Document ("PA&ED") Phase related to the Railroad Canyon Road at the I-15 Improvements Project (hereinafter the "Project"). The Project is more specifically described in Exhibit "B" of the Master Agreement. 2.2 RCTC and the City have entered into an Amendment No. 1 to the Master Agreement, dated June 6, 2011, ("Amendment No. 1") for the purpose of increasing the Funding Amount and assuming the City's existing professional services agreement with SC Engineering for the PA&ED services for the Project. 2.2 RCTC and the City have entered into an Amendment No. 2 to the Master Agreement, dated December 19, 2013, ("Amendment No. 2") for the purpose of increasing the Funding Amount. 2.3 RCTC and the City have entered into an Amendment No. 3 to the Master Agreement, dated July 15, 2014, ("Amendment No. 3") for the purpose of providing additional TUMF funding for the completion of the PA&ED Phase of the Project. 2.4 RCTC and the City have entered into an Amendment No. 4 to the Master Agreement, dated April 12, 2016 ("Amendment No. 4") for the purpose of providing additional TUMF funding for design and right of way related services for the Project. 1 17336.01100\31971782.3 361 Agreement No. 10-72-016-08 2.5 RCTC and the City have entered into an Amendment No. 5 to the Master Agreement, dated May 8, 2016 ("Amendment No. 5") for the purpose of providing additional TUMF funding for the completion of the PA&ED Phase of the Project. 2.6 RCTC and the City have entered into an Amendment No. 6 to the Master Agreement, dated June 25, 2018 ("Amendment No. 6" or the "Agreement") for the purpose of providing additional TUMF funding for preparation of Project Plans Specifications & Estimate and Right of Way ("PS&E and R/W") phases of work. 2.7 RCTC and the City have entered into an Amendment No. 7 to the Master Agreement dated May 29, 2019 ("Amendment No.7) for the purpose of setting forth the terms and conditions related to the funding and completion of the Project Construction phase of work and to allocate TUMF Regional Funds to the City, for distribution to RCTC, for construction management and construction contract phase of the Project. 2.8 The Parties now desire, pursuant to this Amendment No. 8, to set forth the terms and conditions related to the funding and completion of the Project Construction ("CONS") phase of work. 2.8 The Parties agree that RCTC shall, at the City's request, continue management activities for Project consultants, and shall award construction management and construction contracts as required for the Work (as defined below) contemplated under this Amendment No. 8. City may elect to provide independent quality assurance ("IQA") for the Work as provided herein. 2.9 The Parties agree that the Work to be completed under this Amendment No. 8 shall be governed by the terms and conditions set forth in Amendment No. 7, as amended herein. 3. Terms. The terms and conditions contained under the Master Agreement shall not apply to this Amendment No. 8. This Amendment No. 8 shall be governed, in its entirety, by the terms and conditions set forth in Amendment No. 6, as amended by Amendment No. 7 and this Amendment No 8. As used herein, the term "Agreement" shall mean and refer to Amendment No. 6. The Parties intended to modify the allocation of TUMF Regional Funds, which shall be distributed to RCTC, as the administering agency, for the Project, reprogramming $518,167 of right of way phase funds to the plans, specifications and estimates (PS&E) phase of the Project. The revised Regional TUMF funding amount for the right of way phase is reduced to $2,081,833 and the total funding amount for the right of way phase is reduced to $3,269,333. The revised Regional TUMF funding amount for the PS&E phase is increased to $3,498,288 and the total funding amount for the PS&E phase is increased to $4,470,467. 2 17336.01100\31971782.3 362 Agreement No. 10-72-016-08 3.1 RCTC Funding Amount. For purposes of this Amendment No. 8, the "Funding Amount", as that term is used in the Agreement, shall mean a sum not to exceed Twenty Two Million, Two Hundred Forty Eight Thousand Seven Hundred Dollars ($22,248,700), to be used exclusively for eligible Work expenses as described in the Agreement, as amended by this Amendment No. 8 ("Funding Amount"). The City hereby directs RCTC to utilize the Funding Amount and to distribute said funds to RCTC to pay for or reimburse RCTC for costs incurred in administering and managing the construction management and construction contracts for the Work. The City acknowledges and agrees that the Funding Amount may be less than the actual cost of the Work, and that RCTC shall not contribute TUMF Regional Funds in excess of the maximum TUMF share for the phase/project identified in Exhibit H-1 of the TUMF Nexus Study. The Parties acknowledge that the total funding under the Master Agreement, as previously amended and as amended by this Amendment No. 8, including the previous funding of PA&ED, PS&E, and Right of Way phases, is a total not to exceed value of Thirty Million, Three Hundred Eighty Three Thousand, Eight Hundred Twenty -One Dollars ($30,383,821). 3.1.1 Eligible Work Costs. For purposes of this Amendment No. 8, the "Total Work Cost", as that term is used in the Agreement, may include the following, provided that such items are included in the scope of work attached to this Amendment No. 8 as Exhibit "A": (1) RCTC and/or consultant, and construction contractor costs associated with direct Work coordination and support; (2) funds expended in preparation of preliminary engineering studies, construction management; (3) funds expended for preparation of environmental review documentation, project management and support for the Work; (4) all costs associated with right- of-way acquisition, including right-of-way engineering, appraisal, acquisition, legal costs for condemnation procedures if authorized by the City, and costs of reviewing appraisals and offers for property acquisition and all activities related to utility relocation; (5) costs reasonably incurred if condemnation proceeds; (6) costs incurred in the preparation of plans, specifications, and estimates by consultants managed by RCTC; (7) RCTC costs associated with bidding, advertising and awarding of the Work contracts; (8) construction costs, including change orders to construction contract approved by the City; and (9) construction management, field inspection, plant establishment period, and material testing, preparation of as -built plans, record of survey, and project close-out costs. 3.1.2 Additional Terms Regarding Eligible and Ineligible Costs. Additional terms regarding eligible and ineligible Work costs are as set forth in the Agreement. Section 3.2.2 of the Agreement, setting forth ineligible Work costs, is hereby amended to include City inspection fees. 3.2 This Amendment No. 8 may be signed in counterparts, each of which shall constitute an original. Facsimile signatures, including signatures transmitted by electronic mail, shall have the same force and effect as original signatures. 3.3 This Amendment No. 8 shall be governed by the laws of the State of California. Venue shall be in Riverside County. 3 17336.01100\31971782.3 363 Agreement No. 10-72-016-08 3.4 Except as amended by this Amendment No. 8, all provisions of the Agreement, including without limitation the indemnity and insurance provisions, shall remain in full force and effect and shall govern the actions of the parties under this Amendment No. 8. [Signatures on following page] 4 17336.01100\31971782.3 364 Agreement No. 10-72-016-08 SIGNATURE PAGE TO AMENDMENT NO. 8 TO AGREEMENT FOR TUMF REGIONAL ARTERIAL IMPROVEMENTS WITH THE CITY OF LAKE ELSINORE RAILROAD CANYON ROAD @ I-15 IMPROVEMENTS COOPERATIVE AGREEMENT FOR MANAGEMENT AND FUNDING OF CONSTRUCTION PHASE IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first herein above written. RIVERSIDE COUNTY TRANSPORTATION COMMISSION 1.2 Arne Mayer, Executive Director APPROVED AS TO FORM: : Best Best & Krieger LLP Counsel to the Riverside County Transportation Commission CITY OF LAKE ELSINORE Grant Yates, City Manager APPROVED AS TO FORM: Barbara Leibold, City Attorney 5 17336.01100\31971782.3 365 Agreement No. 10-72-016-08 EXHIBIT "A" SCOPE OF WORK, FUNDING AND TIMETABLE SCOPE OF WORK: This Agreement is for the Construction (which shall include construction management and construction contracts) Phase. 2019 FTIP Scope of Work per Consistency Amendment No. - (approved Oct -1, 2018): AT I-15/RR CYN RD IC: WIDEN RR CANYON RD UC FROM 7 TO 8 LNS (SUMMERHILL DR - MISSION TR), RECONSTRUCT NORTH BOUND EXIT/ENTRY RAMPS TO HOOK RAMP CONNECTING TO GRAPE ST, WIDEN SOUTH BOUND ENTRY RAMP FROM 1-3 LNS, WIDEN SHOULDERS SOUTH BOUND EXIT RAMP, WIDEN GRAPE ST TO CONSTRUCT DEDICATED RIGHT TURN LANE AT NORTH BOUND HOOK RAMP AND RAIL ROAD CANYON RD, & CONSTRUCT RAMP ACCEL/DECEL LANES AT RAILROAD CANYON RD. FUNDING: TUMF, local, state and/or federal funding for each Phase of Work which are part of this Agreement are as follows: ZONE REGIONAL OTHER TUMF TUMF FUNDING (distributed (distributed by SOURCES TOTAL BY Phase by WRCOG) RCTC) PHASE CONSTRUCTION $229248,700 $18,6759000* $40,923,700 TOTAL BY SOURCE $0 $229248,700 $18,6759000* $40,9239700 * Consist of STIP/RIP Funds of $2,920,000, $15,000,000 SB-1 Funds, $755,000 City Traffic Impact fees TIMETABLE: Provide at a minimum the estimated completion dates for each phase of work including major milestones within a phase. Phase Estimated Completion Date PS&E 12/1/2019 RIGHT OF WAY CONSTRUCTION 11/8/19 —Actual Completion 12/31/22 17336.01100\31971782.3 Exhibit A 366 Agreement No. 10-72-016-08 EXHIBIT "A-1" GUIDANCE for COMPLETION OF EXHIBIT A The following list of items generally identified as eligible or ineligible for TUMF Regional Funding reimbursement are consistent with those used to develop the costs for improvements in the first NEXUS Study prepared by WRCOG. In general, all improvements, with the exception of sidewalks, must be within the curbs of the roadway and extend no further than the curb returns at intersections. In addition, all improvements on or connecting to interstate and state route facilities shall be consistent with Caltrans Highway Design Manual standards. Items which are typically considered eligible include: • Asphalt concrete pavement, up to 16' per lane, to accomplish a 12' travel lane and ancillary treatment and appropriate base materials • Concrete curb and gutter and associated drainage — paved roadway shoulders and swale may be used as a substitute • Class II Bike Lanes • Paved and painted 14' median, may be used as a dual left turn lanes • Traffic signals at intersections with state highways and major arterials which are also on the TUMF Network • Pavement striping and roadway signing as required. Items which are not typically considered eligible include: • Portland Cement pavement or other aesthetic pavement types (except at intersections) • Major rehabilitation or overlay of existing pavement in adjacent roadway lanes • Raised Medians • Parking Lanes • Landscaping • Lighting • Class I Bike Lanes 17336.01100\31971782.3 Exhibit A-1 367 Agreement No. 10-72-016-08 EXHIBIT "B" "PROJECT" DESCRIPTION, FUNDING AND MILESTONES PROJECT DESCRIPTION: AT I-15/RR CYN RD IC: WIDEN RR CANYON RD UC FROM 7 TO 8 LNS (SUMMERHILL DR - MISSION TR), RECONSTRUCT NORTH BOUND EXIVENTRY RAMPS TO HOOK RAMP CONNECTING TO GRAPE ST, WIDEN SOUTH BOUND ENTRY RAMP FROM 1-3 LNS, WIDEN SHOULDERS SOUTH BOUND EXIT RAMP, WIDEN GRAPE ST TO CONSTRUCT DEDICATED RIGHT TURN LANE AT NORTH BOUND HOOK RAMP AND RAIL ROAD CANYON RD, & CONSTRUCT RAMP ACCEL/DECEL LANES AT RAILROAD CANYON RD. FUNDING: The following are the TUMF, local, state and/or federal funding for each Phase of Work. Phase ZONE TUMF (distributed by WRCOG) REGIONAL TUMF (distributed by RCTC) OTHER FUNDING SOURCES TOTAL *PA&ED $2,555,000 $2,555,000 ** PS&E $972,179 $3,498,288 $45470,467 RIGHT OF WAY 950,000 $2,081,833 $237,500*** $3,269,333 *****CONSTRUCTION $0 $22,248,700 $18,675,000**** $40,923,700 TOTAL $1,922,179 $30,383,821 $18,912,500 $51,218,500 * See Recitals to Agreement regarding previous funding for PA&ED. ** See Recitals to Agreement regarding previous funding for Right of Way and PS&E phase, which include funding for pre -construction -advertisement of Project for bids and recommendation of award. Funding for advertisement and recommendation for award shall not be authorized until completion of Right of Way acquisition necessary for the Project. 17336.01100\31971782.3 Exhibit B •: Agreement No. 10-72-016-08 *** City of Lake Elsinore $237,500 in federal Interstate Maintenance Discretionary funds for right of way phase. **** Consists of STIP/RIP Funds of $2,920,000, $755,000 City Traffic Impact Fees, and $15,000,000 SB-1 Funds * * * * *Construction shall include construction management, construction support services, construction contract, and construction close out. 17336.01100\31971782.3 Exhibit B 369 AGENDA ITEM 8 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: December 11, 2019 TO: Riverside County Transportation Commission FROM: Traffic Relief Strategy Committee SUBJECT: Western Riverside County Traffic Relief Plan Investments TRAFFIC RELIEF STRATEGY COMMITTEE RECOMMENDATION: This item is for the Commission to approve a 30-year planning horizon and investments in projects and services to be included in a draft Western Riverside County component of the Traffic Relief Plan. BACKGROUND INFORMATION: The following actions by the Commission have guided staff in the preparation of the draft Western Riverside County component of the Traffic Relief Plan: • January 31, 2019: Commission authorized exploration of a new local funding measure for transportation in Riverside County and discussed myriad specific investments needed throughout the county. • July 10, 2019: Commission authorized staff to develop a Countywide Transportation Improvement & Traffic Relief Plan (Plan) and implementation ordinance (Ordinance) for potential presentation to Riverside County voters in November 2020. • September 11, 2019: Commission adopted the schedule and development process for the Plan that included Traffic Relief Strategy Committee review and recommendation of the Plan in November 2019 followed by the Commission in December 2019. • November 13, 2019: Commission approved a revenue estimate, geographic divisions (Western County, Coachella Valley, and Palo Verde Valley), and expenditure categories to guide development of the Plan. • November 13, 2019: Traffic Relief Strategy Committee provided input to the draft Western Riverside County component of the Traffic Relief Plan investment list Agenda Item 8 370 DISCUSSION: Western Riverside County Traffic Relief Plan Investments This staff report proposes potential investments in Western Riverside County projects and services for Commission discussion and direction. The intent of this investment list is to help the Commission identify priorities in Western Riverside County that will form the assumptions and scope of the Western Riverside County component of the Traffic Relief Plan (attachment 1). This investment list is not intended to name every conceivable project or service. While the Western Riverside County projects are but one component of the overall Plan, which also includes the Coachella and Palo Verde Valleys, according to statute, the Plan must include some mention of specific highway projects if the Plan and Ordinance are submitted to voters. The Coachella Valley component of the Plan is being addressed concurrently as a separate item. The Palo Verde Valley component will likely focus primarily on return -to -source funds or local street and road improvements consistent with the existing Measure A sales tax program and will be discussed at upcoming meetings with Palo Verde Valley representatives. Stakeholder Input Recent stakeholder input was used to help identify needs and priorities. Qualitative stakeholder input was received via the #RebootMyCommute effort completed in early 2019 and the comprehensive 2017 stakeholder outreach effort presented at the 2018 annual workshop. More recent quantitative stakeholder data was received through the Spring and Fall 2019 public opinion surveys presented concurrently with and separate from this item. Additionally, over the last several months, instrumental input was also received from: • The Future Funding Initiatives Ad Hoc Committee, • The Traffic Relief Strategy Committee, • The Commission, • City staff, • County of Riverside staff, and • Business and civic leadership groups. Nature of the Plan Based on feedback from Commissioners, this Western Riverside County component of the Traffic Relief Plan (attachment 1) was created to identify a desired state of transportation in Western Riverside County in the decades ahead. The plan is aspirational in nature, putting forth a future vision and challenging goals to meet the long-term needs and desired transportation improvements in Western Riverside County. The plan is comprehensive by addressing a wide range of transportation needs: roads, passenger rail, bus service, trails, operations, maintenance, services, technology, and incentives. Agenda Item 8 371 While a 30-year horizon was used for planning, revenue projection, and cost estimation purposes, this Western Riverside County component of the Traffic Relief Plan is not currently intended to be constrained by a specific timeframe. Similarly, the listed investments totaling $10.41 billion contained in attachment 1 exceed the projected $6.71 billion in Western Riverside County revenues over 30 years from a new sales tax measure that could fund the Plan. The Traffic Relief Strategy Committee recommends the Commission approve 30 years as an appropriate planning horizon for investments. Plan of Projects and Services New Sales Tax and Existing Measure A Sales Tax Working Together Some project investments shown in the Western Riverside County component of the Traffic Relief Plan (attachment 1) are also planned projects from the existing Measure A sales tax program. The intent of including these investments is to fully fund and/or accelerate those projects which otherwise may take many years, if not decades, to complete. Similarly, some existing services currently provided are also included in the Western Riverside County component of the Traffic Relief Plan to ensure sustainable, long-term funding of these services which may otherwise require reductions or elimination if new funding does not materialize. On July 10, 2019 the Commission approved the 2019-2029 Western Riverside County Highway Delivery Plan (attachment 2 map) that includes these planned projects from the existing Measure A sales tax program and other current Measure A priorities. Leveraging Other Fund Sources Dollars shown in the Western Riverside County component of the Traffic Relief Plan (attachment 1) are the estimated investments needed from a new sales tax as part of a total investment need for the project or service. For example, the total estimated cost of a local interchange investment may be $50 million while the estimated investment portion from a new sales tax may be 80 percent of the total cost, or $40 million. The balance of funds needed to fully fund the local interchange is expected to come from other fund sources. Based on both historical funding and estimates of future funding, staff has roughly estimated the potential availability of other fund sources to fully fund projects and services. Other fund sources include existing Measure A sales tax, tolls, state and federal formula funds, state and federal grants, Transportation Uniform Mitigation Fee (TUMF), other local funds, etc. General Categories and Call -for -Projects Most entries in the Western Riverside County component of the Traffic Relief Plan reflect a specific project or service based on input received identifying distinct needs. A number of entries, such as street repairs, safety improvements, safe routes to school, and emerging technology, are general in nature. These projects and services reflect general categories needing funding and lend themselves to direct allocation to Riverside County cities based on their specific needs. Agenda Item 8 372 During its October 28, 2019 meeting, several members of the Traffic Relief Strategy Committee cited the benefits of designating some new sales tax funds to be directly allocated to cities through a competitive call -for -projects. Therefore, funding allocations for these general categories of projects and services are expected to be implemented through competitive call -for - project or competitive grant processes administered by the Commission. Funding Operations and Maintaining Facilities New passenger rail track and station improvements are included in the Western Riverside County component of the Traffic Relief Plan. This initial capital investment is significant. One-time state and federal grant and formula funding is often available to pay a portion of capital costs for new projects— particularly passenger rail. However, state and federal funding for ongoing operations and facility maintenance is usually much harder to obtain, if available at all. It is financially responsible to adequately fund ongoing operations and maintain these facilities that received the initial investments. Therefore, a substantial investment is currently reflected in the Western Riverside County component of the Traffic Relief Plan to provide sustainable funding for various operations and facility maintenance. In addition to new passenger rail track and stations, investments are included for SR-79 and Mid -County Parkway highway maintenance, subsidizing Metrolink passenger rail operations, maintenance of Metrolink stations, replacement of Metrolink trains, and subsidizing bus operations. Mitigating for Increasing Road Capacity A recent California law change (SB 743) and implementing regulations now require using Vehicles Miles Traveled (VMT) as the primary metric to determine the significance of transportation impacts for land use projects during their environmental study phase of project development. SB 743 triggered changes to the California Environmental Quality Act (CEQA) and its statewide implementation as well as California's approach to meeting federal air quality conformity standards. Caltrans, as the lead agency for all highway projects, has opted in to also utilize VMT as the primary metric to determine the significance of transportation impacts for highway projects that add capacity. It is our understanding that Caltrans implementation of this new requirement will be effective July 1, 2020, and will impact all projects starting the CEQA process after that date. In addition, projects currently in the CEQA process but not yet approved could be impacted. The impact of SB 743, new CEQA implementation guidelines, and the California State Transportation Agency (CaISTA) policy objective to reduce VMT and greenhouse gas emission will have a significant yet still unknown impact on how highway projects can be delivered in the future. For projects that add capacity and increase VMT, particularly general-purpose lanes, it will be very challenging for RCTC to obtain state and federal project approvals. Mitigation for projects Agenda Item 8 373 that increase VMT may be possible to allow these projects to be developed while still complying with CEQA and federal air quality conformity standards. Concepts such as VMT banking, transit credits, pricing, and possibly other mechanisms could provide mitigation in the future. Therefore, the Western Riverside County component of the Traffic Relief Plan includes a significant investment for mitigation for increasing road capacity to allow needed projects to move forward in a timely manner. Emerging Technologies and Innovation The multi -decade planning horizon for the Western Riverside County component of the Traffic Relief Plan suggests that emerging technologies and innovation will have a positive and possibly even a transformative impact to our transportation system. Whether better managing highway congestion through more efficient lane usage and traveler information, or transforming 151/last mile transit connections, or even autonomous and connected vehicles, emerging technologies and innovation will continue to shape our transportation future. What is uncertain is when these impacts will occur and what specific technologies and innovations will lead the way. It is important to embrace and plan for these inevitable changes. A number of investments are included that allocate investment funds to emerging technologies, upgrading existing technologies, fostering innovation pilot programs, and incenting new services and development. Investment Categories Going Forward The Western Riverside County component of the Traffic Relief Plan investment list is grouped by similar projects and services for ease of discussion. The future Countywide Transportation Improvement & Traffic Relief Plan will be represented in the following three categories recently approved by the Commission: • Reducing Congestion and Connecting Communities • Improving Safety and Keeping Infrastructure in Good Condition • Supporting Seniors, Veterans, Students, and Individuals with Disabilities Should the Commission ultimately approve the Western Riverside County component of the Traffic Relief Plan investment list, staff would combine this effort with the other parts of the overall Countywide Transportation Improvement & Traffic Relief Plan and present to the Commission for approval at the January 2020 Commission meeting. The graph below depicts the current Western Riverside County component of the Traffic Relief Plan investment list grouped into the three categories referenced above. Every one of the projects and services meet at least one or more of the three categories. Agenda Item 8 374 Total Investment 10,405,000,000 Supporting Veterans, SenioYs, Students, and Individuals with Disabilities 5% $465,000,00+0 Input Received from the Traffic Relief Strategy Committee Considerable discussion, input, and direction was provided by the Traffic Relief Strategy Committee at its November 131" meeting. A summary of the input and direction received follows: Planning Horizon The Committee adopted a 30-year planning horizon for the purposes of planning project and service investments. Level of Fiscal Constraint for Investments The Committee agreed that the Western Riverside County component of the Traffic Relief Plan investment list is aspirational in nature and puts forth a future vision with challenging goals to meet the long-term needs and desired transportation improvements. Therefore, the Committee felt that the investment list of projects and services is reasonable to achieve given projected revenue generated from a new sales tax. Additions to the Investment List Various Committee members added a total of 12 new projects to the investment list through the course of the discussion. These 12 new projects have been added to the original investment list Agenda Item 8 375 and are now reflected in the revised investment list contained in attachment 1. The Traffic Relief Strategy Committee recommends the Commission approve investments in projects and services to be included in a draft Western Riverside County component of the Traffic Relief Plan detailed in attachment 1. Additionally, a request was made to also organize the investment list by supervisorial district or provide the supervisorial district information for each investment. New attachment 3 groups each investment list item by supervisorial district. Some projects will appear more than once as they appear in multiple supervisorial districts. Investing in the SR-60, SR-91, and 1-215 Corridors The draft Western Riverside County component of the Traffic Relief Plan investment list presented to the committee did not include any new mainline highway investments for the SR- 60, SR-91, and 1-215 corridors. Further, except for the improvements on SR-91 (1-15 to Pierce Street) and 1-215 (Van Buren Boulevard to SR-60), the existing Measure A sales tax program does not include further improvements to the SR-60, SR-91, and 1-215 corridors. At the Traffic Relief Strategy Committee meeting, committee members added several projects within these corridors. Local Streets and Roads Formula Funds Traffic Relief Strategy Committee members discussed the value to Riverside County cities of receiving some funds directly for their specific use on local streets and roads. Committee members confirmed that future funding allocations for these types of uses would be appropriate as part of the new sales tax. Project Prioritization: Criteria and Timing Several Traffic Relief Strategy Committee members commented on how priorities could be established for implementation of projects and services contained in a new sales tax measure. Some comments were made about establishing criteria to aid in establishing priorities and then implementation schedules. Other discussion mentioned that a prioritization of projects and services could occur after voters approve a new sales tax measure in November 2020 should they do so. Further evaluation of project and service priorities can be addressed in the upcoming draft Countywide Transportation Improvement & Traffic Relief Plan. Attachments: 1) Western Riverside County Traffic Relief Plan Investments 2) 2019-2029 Western Riverside County Highway Delivery Plan Map 3) Western Riverside County Traffic Relief Plan Investments by Supervisorial District Agenda Item 8 376 ATTACHMENT 1 Page 1 of 3 Dollars represent the estimated investment needed from a new sales tax as part of a total investment. Projects added to the investment list at the November 13th, 2019 Traffic Relief Strategy Committee meeting. Investment ($2020) Local Streets and Roads $1,600,000,000 1 Cajalco Road widening and safety enhancements (Temescal Canyon Road to 1-215) 2 Ethanac Expressway (new east -west inter -regional highway) 3 1-10 Bypass (new east -west road connecting Banning to Cabazon) 4 Temescal Canyon Road widening (Tom Barnes Street to State Street) 5 Gilman Springs Road safety enhancements (SR-60 to SR-79) 6 Van Buren Boulevard (King Avenue to Bountiful Street) 7 Grand Avenue (Corydon Road to SR-74) 8 Clinton Keith Road (Leon Road to SR-79) 9 Sun Lakes Boulevard (Highland Home to Lincoln Street / Sunset Avenue) 10 Street repairs 11 Safety improvements 12 Traffic signal synchronization 13 Safe routes to schools 108 Limonite widening (Bane Street to Beach Street) 109 Van Buren Boulevard rehabilitation 113 Heacock Street Connection (San Michelle to Harley Knox) 114 Redlands Boulevard (SR-60 north to city limits) 115 Alessandro Boulevard widening (1-215 East to La Salle) Local Interchanges, Bridges, On and Off Ramps $835,000,000 14 1-10 / Highland Springs Avenue 15 1-10 / Pennsylvania Avenue 16 1-10 / Morongo Parkway 17 1-10 / County Line Road 18 1-10 / Cherry Valley Boulevard 19 1-15 / Bundy Canyon Road 20 1-15 / Baxter Road 21 1-15 / Central Avenue (SR-74) 22 SR-60 / Potrero Boulevard 23 SR-91 / Adams Street 24 SR-91 / Tyler Street 25 1-215 / Keller Road 26 1-215 / Harley Knox Boulevard 27 Rancho California Road roundabouts 110 SR-60 / Etiwanda interchange reconstruction 11i SR-60 / Rubidoux interchange 116 Redlands Boulevard / SR-60 interchange and auxiliary lanes 12o Buchanan Street bridge Note: Sequential numbers and investment order are provided for ease of reference only and do not imply priority. 377 Page 2 of 3 Highways $4,850,000,000 28 1-15 / French Valley Parkway phase 3 29 SR-79 Realignment 30 Mid -County Parkway 31 1-10 / SR-79 interchange 32 1-15 lane addition (San Diego County line to SR-74) 33 SR-91 lane addition (1-15 to Pierce Street) 34 1-215 lane addition (Van Buren Boulevard to SR-60) 35 Mitigation for increasing road capacity 36 Managing highway congestion through technology (active traffic management, smart freeways) 112 SR-60 lane addition (1-215 to Redlands Boulevard) 118 1-15 auxiliary lanes to Weirick Road 119 Additional lane on SR-91 Passenger Rail Transit Expansion $580,000,000 37 Railroad crossing safety improvements Metrolink passenger rail service: 38 New 2nd main track from Moreno Valley to Perris 39 New 3rd main track from Highgrove to Colton 40 New 3rd main track from Riverside to Fullerton 41 New 4th main track and West Corona / Corona / La Sierra station improvements 42 Parking expansion at existing stations 43 New Perris -South station track and layover facility 44 Moreno Valley / March Field station ADA and access improvements 45 New train station, Ramona Expressway 46 New new low / zero -emission technology trains 47 Coachella Valley - San Gorgonio rail service: new San Gorgonio Pass station 48 Perris - San Jacinto rail service: full development and implementation of track and facilities Separating Local Streets from Railroad Tracks $190,000,000 49 San Gorgonio Avenue 50 Hargrave Street 51 Pennsylvania Avenue 52 Bellegrave Avenue 53 Jackson Street 54 Mary Street 55 Spruce Street 56 Tyler Street Bus Transit $285,000,000 57 New operations and maintenance facility for zero emission buses 58 New multimodal transit centers 59 Bus fleet electrification: replacement and expansion program 6o High quality transit corridor improvements to bus stops, transit signal prioritization, amenities 61 Expanded Rapidl-ink service in Riverside, Moreno Valley, and Perris 62 Technology infrastructure modernization, intelligent transportation and traveler information systems Note: Sequential numbers and investment order are provided for ease of reference only and do not imply priority. 378 Page 3 of 3 Regional Trails $170,000,000 63 Butterfield Ranch Trail / Southern Emigrant Trail (66.8 miles) 64 Santa Ana River Trail (25.7 miles) 65 California Riding and Hiking Trail (89 miles) 66 Juan Bautista de Anza Historical Trail (84.9 miles) 67 Salt Creek Trail (16 miles) 68 Public lands trail access Operations and Maintenance $1,090,000,000 Metrolink passenger rail service: 69 Existing station routine maintenance 70 Existing station capital reinvestment 71 New station routine maintenance 72 New station capital reinvestment 73 Annual capital subsidy (30 years) 74 Annual operating subsidy (30 years) 75 Maintenance of existing and new RCTC rail property 76 Maintenance and replacement of new low / zero -emission technology trains for the 91 / Perris Valley Line 77 Additional operations and maintenance due to Metrolink expansion (SCORE) 78 SR-79 Realignment roadway maintenance 79 Mid -County Parkway roadway maintenance 80 Freeway active traffic management technology operations and maintenance 81 Bus Service: annual operating subsidy (30 years) Services $575,000,000 82 Motorist assistance: maintain existing and expand Freeway Service Patrol service 83 Commuter assistance: maintain existing rideshare, vanpool, and park and ride services 84 Commuter assistance: expand rideshare, vanpool, and park and ride services, pilot projects, incentives 85 Commuter assistance: park -and -ride lot development 86 Specialized transit: further subsidize fares for seniors, veterans, students, and individuals with disabilities 87 Bus/rail transit: further subsidize fares for seniors, veterans, students, and individuals with disabilities 88 Express bus: subsidize new service and increase frequency of existing service Investments, Incentives, and Technologies $230,000,000 89 Metrolink passenger rail service: Station development incentives to encourage new amenities and services 90 Transportation investments supporting local and regional economic development 91 Emerging technology and other innovative programs 92 1st / last mile transit connections: incentives, subsidize existing / new services, innovation pilot programs Total Investment $10,405,000,000 Note: Sequential numbers and investment order are provided for ease of reference only and do not imply priority. 379 Attachment 2 Ontario ® Eastvale lino Hills s 0 r� i i Corona �00�0 _B_E_R_NARDINO CO. RIVERSIDE CO.� �� I-- jurupa Eg Valley Norco AQ =1 i `Calimesa A"Al Riverside .I �. Moreno - Valley i Lake Perris ake Matthews � erris 13 i i I i i i i RIVERSIDE CO. ' r--------------- i SAN DIEGO CO. 0 N 5 10 Miles I34 im Wildomar Murrieta Menifee Tell 61 C1M 1, ® Temecula 91 CIP Completion 15 ELP Completion 15/91 Express Lanes Connector 60 Truck Lanes Mid -County Parkway: Placentia Interchange at 215 91 Pachappa UP Project: Railroad Realignment Mid County Parkway: Sweeney Grading 15 Express Lanes Project Southern Extension 91 Downtown Riverside Express Lanes 71/91 Interchange 91 Corridor Operations Project 15 Express Lanes Project Southern Extension - Advanced Operations Banning PARTIAL FUNDING AVAILABLE qQ01% Beaumont '13 Mid County Parkway: Right of Way and Environmental Mitigation i Mid County Parkway: Package 2 m15 Express Lanes Project Southern Extension ® 60/215 Riverside -Moreno Valley Express Lanes m215 Gap Project mMid County Parkway: 215 Project, Nuevo to Alessandro 91 Downtown Riverside Express Lanes Design -Build Design -Build Design -Build Construction Construction Construction Construction Environmental/ Design -Build Phase 1 Environmental Construction Construction Environmental to Construction ROW/Environmental Design/Construction Design -Build Phase 2 Construction Environmental/ Design/ Construction Environmental to Construction Design/Construction Design/Construction • Lake Elsinore: 15/Railroad Canyon Interchange (Fully Construction J Funded) San m RCTLMA: Cajalco Road Corridor Environmental to Construction Jacinto Temecula: French Valley Parkway Phase 2 Environmental to Construction Hemet ® Mid County Parkway: Packages 3 and thereafter Environmental to Construction ® 79 Realignment Design/Right of Way to Construction 15 Corridor (SR-74/Central to I-215) Project Study toEnvironmental nd Valley ® 91 Corridor Ultimate Project: 71 to 241 I Environmental Lake 91 Corridor Ultimate Project: 15 to Pierce Street I Project Study ® 10 Truck Climbing Lane Environmental to Construction 15 Corridor (1-215 to County Line) Project Study to Environmental m 71 Widening Environmental to Construction 10/60 Interchange Environmental to Construction ® 215 Ultimate Widening Environmental to Construction 60 Jurupa Valley -Riverside Express Lanes Environmental Vail ® SBCTA: 15 Express Lanes Environmental to Construction `Lake RCTLMA: Ethanac Corridor Environmental to Construction ® Temecula: French Valley Parkway Phase 3 Environmental to Construction RCTC RCTC RCTC RCTC RCTC RCTC RCTC RCTC RCTC RCTC RCTC RCTC :Z•)IC� RCTC RCTC RCTC RCTC RCTC RCTC Lake Elsinore County Temecula RCTC RCTC RCTC RCTC RCTC RCTC RCTC RCTC RCTC RCTC RCTC SBCTA County Temecula �_ June 24, 2019 ---- - - - - -------- f�(T--- i——————— - - - - -- - ATTACHMENT 3 Notes 1. Some investments span multiple supervisorial districts. These investments are repeated in each district. 2. Investments added at the November 13, 2019 TRS Committee meeting are highlighted in light green. 3. Numbers refer to Attachment 1 and are not indicative of any priority. Local Streets and Roads 1 Cajalco Road widening and safety enhancements (Temescal Canyon Road to 1-215) 2 Ethanac Expressway (new east -west inter -regional corridor) 6 Van Buren Boulevard (King Avenue to Bountiful Street) 7 Grand Avenue (Corydon Road to SR-74) Local Interchanges, On and Off Ramps 19 1-15 / Bundy Canyon Road 20 1-15 / Baxter Road 21 1-15 / Central Avenue (SR-74) 23 SR-91 / Adams Street 24 SR-91 / Tyler Street 120 Buchanan Street bridge Highways 32 1-15 lane addition (San Diego County line to SR-74) 34 1-215 lane addition (Van Buren Boulevard to SR-60) 119 Additional lane on SR-91 Passenger Rail Transit Expansion Metrolink passenger rail service 38 New 2nd main track from Moreno Valley to Perris 40 New 3rd track from Riverside to Fullerton 41 New 4th main track: and West Corona / Corona / La Sierra station improvements 42 Parking expansion at existing stations 44 New Moreno Valley / March Field station ADA and access improvements 45 New train station, Ramona Expressway 46 New low / zero -emission technology trains Separating Local Streets and Roads from Railroad Tracks 53 Jackson Street 54 Mary Street 55 Spruce Street 56 Tyler Street Bus Transit 61 Expanded Rapid Link service in Riverside, Moreno Valley, and Perris Regional Trails 63 Butterfield Ranch Trail/Southern Emigrant Trail (66.8 miles) Operations and Maintenance Metrolink passenger rail service 69 Existing stations routine maintenance 70 Existing stations capital reinvestment 75 Maintenance of existing and new RCTC rail property 76 Maintenance and periodic replacement of new low / zero -emission technology trains for the 91 / Perris Valley Line 381 Local Streets and Roads 1 Cajalco Road widening and safety enhancements (Temescal Canyon Road to 1-215) 4 Temescal Canyon Road widening (Tom Barnes Street to State Street) 108 Limonite widening (Bane Street to Beach Street) 109 Van Buren Boulevard rehabilitation Local Interchanges, On and Off Ramps 110 SR-60 / Etiwanda interchange reconstruction 111 SR-60 / Rubidoux interchange Highways 33 SR-91 lane addition (1-15 to Pierce Street) 118 1-15 auxiliary lanes to Weirick Road 119 Additional lane on SR-91 Passenger Rail Transit Expansion Metrolink passenger rail service 39 New 3rd main track from Highgrove to Colton 40 New 3rd track from Riverside to Fullerton 41 New 4th main track: and West Corona / Corona / La Sierra station improvements 42 Parking expansion at existing stations 46 New low / zero -emission technology trains Separating Local Streets and Roads from Railroad Tracks 52 Bellegrave Avenue Regional Trails 64 Santa Ana River Trail (25.7 miles) Operations and Maintenance Metrolink passenger rail service 69 Existing stations routine maintenance 70 Existing stations capital reinvestment 75 Maintenance of existing and new RCTC rail property 76 Maintenance and periodic replacement of new low / zero -emission technology trains for the 91 / Perris Valley Line 382 Local Streets and Roads 8 Clinton Keith Road (Leon Road to SR-79) Local Interchanges, On and Off Ramps 25 1-215 / Keller Road 27 Rancho California Road roundabouts Highways 28 1-15 / French Valley Parkway phase 3 29 SR 79 Realignment 32 1-15 lane addition (San Diego County line to SR-74) Passenger Rail Transit Expansion 48 Perris -San Jacinto rail service: full development and implementation of track and facilities Regional Trails 65 California Riding and Hiking Trail (89 miles) 66 Juan Bautista de Anza Historical Trail (84.9 miles) Operations and Maintenance 78 SR-79 Realignment roadway maintenance 79 Mid -County Parkway roadway maintenance 383 Local Streets and Roads 2 Ethanac Expressway (new east -west inter -regional corridor) 3 1-10 Bypass (new east -west road connecting Banning to Cabazon) 5 Gilman Springs Road safety enhancements (SR-60 to SR-79) 9 Sun Lakes Boulevard (Highland Home to Lincoln Avenue / Sunset Avenue) 113 Heacock Street Connection (San Michelle to Harley Knox) 114 Redlands Boulevard (SR-60 north to city limits) 115 Alessandro Boulevard widening (1-215 East to La Salle) Local Interchanges, On and Off Ramps 14 1-10 / Highland Springs Avenue 15 1-10 / Pennsylvania Avenue 16 1-10 / Morongo Parkway 17 1-10 / County Line Road 18 1-10 / Cherry Valley Boulevard 22 SR-60 / Potrero Boulevard 26 1-215 / Harley Knox Boulevard 116 Redlands Boulevard / SR-60 interchange and auxiliary lanes Highways 30 Mid -County Parkway 31 1-10 / SR-79 interchange 112 SR-60 lane addition (1-215 to Redlands Boulevard) Passenger Rail Transit Expansion Metrolink passenger rail service 43 New Perris -South station track and layover facility 46 New low / zero -emission technology trains 47 Coachella Valley -San Gorgonio rail service: new San Gorgonio Pass station 48 Perris -San Jacinto rail service: full development and implementation of track and facilities Separating Local Streets and Roads from Railroad Tracks 49 San Gorgonio Avenue 50 Hargrave Street 51 Pennsylvania Avenue Bus Transit 61 Expanded Rapid Link service in Riverside, Moreno Valley, and Perris Regional Trails 67 Salt Creek Trail (16 miles) Operations and Maintenance Metrolink passenger rail service 69 Existing stations routine maintenance 70 Existing stations capital reinvestment 71 New station and routine maintenance 72 New station capital reinvestment 75 Maintenance of existing and new RCTC rail property 76 Maintenance and periodic replacement of new low / zero -emission technology trains for the 91 / Perris Valley Line 79 Mid -County Parkway roadway maintenance i A Local Streets and Roads 10 Street repairs 11 Safety improvements 12 Traffic signal synchronization 13 Safe routes to schools Highways 35 Mitigation for increasing road capacity 36 Managing freeway congestion through technology (active traffic management, smart freeways) Passenger Rail Transit Expansion 37 Railroad crossing safety improvements Bus Transit 57 New operations and maintenance facility for zero emission buses 58 New multimodal transit centers 59 Bus fleet electrification: replacement and expansion program 60 High quality transit corridor improvements to bus stops, transit signal prioritization, amenities 62 Technology infrastructure modernization, intelligent transportation and traveler information systems Regional Trails 68 Public lands trail access Operations and Maintenance 73 Metrolink Rail Service: annual capital subsidy (30 years) 74 Metrolink Rail Service: annual operating subsidy (30 years) 77 Metrolink Rail Service: additional operations and maintenance due to Metrolink expansion (SCORE) 80 Freeway active traffic management technology operations and maintenance 81 Bus Service: annual operating subsidy (30 years) Multi -modal Services 82 Motorist assistance: maintain existing and expand Freeway Service Patrol service 83 Commuter assistance: maintain existing rideshare, vanpool, and park -and -ride services 84 Commuter assistance: expand rideshare, vanpool, and park -and -ride services, pilot projects, incentives 85 Commuter assistance: park -and -ride lot development 86 Specialized transit: further subsidize fares for seniors, veterans, students, and individuals with disabilities 87 Bus/rail transit: further subsidize fares for seniors, veterans, students, and individuals with disabilities 88 Express bus: subsidize new bus service and increase frequency of existing service Investments, Incentives, and Technologies 89 Metrolink passenger rail service: station development incentives to encourage new amenities and services 90 Transportation investments supporting local and regional economic development 91 Emerging technology and other innovative programs 92 1st/last mile transit connections: incentives, subsidize existing/new services, innovation pilot programs 385 RIVERSIDE COUNTY TRANSPORTATION COMMISSION W IERN FaVERSDE: COUNTY TRA FFI C RELI EF PLA N I N V i M EN TS Riverside County Transportation Commission December 11, 2019 Commission Action and Input Received • Commission directed staff to prepare: — Countywide Transportation Improvement &Traffic Relief Plan (Plan) — Implementation ordinance (Ordinance) • Stakeholder input — General public — Elected officials — Agency staff — Business/civic leadership groups 2 Nature of the Plan • Desired state of transportation • Aspirational • Comprehensive • Horizon • Fiscal constraint It Investment List • New sales tax and existing sales tax • Other fund sources Operations and maintenance M Direction and Approval being sought • Specific investment list items — Projects — Services • Planning horizon — 30 years or other 61 RIVERSIDE COUNTY TRANSPORTATION COMMISSION QU ilONS, DIALOGUE, FEEDBAC K & DIRECTION Page 1 of 3 RIVERSIDE COUNTY DRAFT Western- .- County Traffic Relief- - fRANSPORTATION COMMISSIONDollars represent the estimated investment needed from a new sales tax as part of a total investment. Projects added to the investment list at the Novemher 13th, 2019 Traffic Relief Strategy Committee meeting. Investment (9M20) Local Streets and Roads $1,600,0001000 1 Cajalco Road widening and safety enhancements (Temescal Canyon Road to 1.215) 2 Ethanac Expressway (new east -west inter -regional highway) 3 1.10 Bypass (new east -west road connecting Banning to Cabazon) a TemescaI Canyon Road widening (Tom Barnes Street to State Street) 5 Gilman Springs Road safety en hanoerne nts (SR-60 to SR-79) 6 van Buren Boulevard (King Avenue to Bountiful Street) 7 Grand Avenue (Corydon Road to SR-74) 8 Clinton Keith Road (Leon Road to SR-79) 9 Sun Lakes Boulevard ( Highland Home to Lincoln Street / Sunset Avenue) 10 Street repairs 11 Safety improvements 12 Traffic signal synchronization i3 Safe routes to schools 108 Limonitewidening (Bane Street to Beach Street) 109 Van Buren Boulevard rehabilitation 113 Heacock Street Connection (San Michelle to Harley Knox) 114 Redlands Boulevard (SR-60 north to city limits) 119 Alessandro Boulevard widening (1-215 East to LaSalle) Local Interchanges, Bridges, on and Off Ramps $83SX00,000 11 1-101 Highland Springs Avenue 1s 1-10/ Pennsylvania Avenue 16 1-10/ Moron go Parkway 17 1-10 / County Line Road 1s I-20/Cherry valley Rau levard 19 1-15 / Bundy Canyon Road 20 1-15 / Baxter Road I 1.15 /Central Avenue (SR-74) 22 SR-60 / Potrero Boulevard 23 SR-91 / Adams Street 24 SR-91 /Tyler Street 2s 1.215 ! Keller Road 26 1-215 J Harley Knox Boulevard 27 Rancho California Road roundabouts 110 SR-60 / Etiwanda interchange reconstruction 111 SR -GO / Rubidoux interchange im Redlands Boulevard /SR-60interchangeand auxiliary lanes 12o Buchanan Street bridge Note: Sequential numbers and investment order are provided for ease of reference only and do not imply priority. Page 2 of 3 RIVERSIDE COUNTY Highways $4,850,000,000 TRANSPORTATION 2a 1.15/French Valley Parkway phase 3 COMMISSION 29 SR-79Realignment 3o Mid -County Parkway 31 1.10 / SR-79 interchange 32 1-15 lane addition (San Diego County lime to SR-74) 33 SR-91lane addition (1-15 to Pierce Street) 34 1.215lane addition (Van Buren Boulevard to SR -GO) 35 Mitigation for increasing road capacity 36 Managing highway congestion through technology (active traffic management, smart freeways) 112 SR-60lane addition (1-215 to Redlands Boulevard) 11s I.15 auxiliary lanes to Weirick Road 1t9 Add iti ona I lane o n SR-91 Passenger Rail Transit Expansion $580,000,000 37 Railroad crossing safety improvements Metrolink passenger rail service: 39 New 2nd main track from Moreno Valley to Perris 39 New 3rd main track from Highgrove to Colton 40 New 3rd main track from Riverside to Fullerton 41 New 4th main track and West Corona / Corona / La Sierra station improvements 42 Parking expansion at existing stations 43 New Penis -South station track and layover Facility 44 Moreno Valley 1 March Field station ADA and access improvements 45 New train station, Ramona Expressway 46 New new low / zero -emission technology trains 47 Coachella Valley - San Gorgonio rail service: new San Gorgonio Pass station 49 Perris - San Jacinto rail service: Full development and implementation of track and facilities Separating Local Streets from Ra il road Tracks $190.000.000 49 San Gorgonio Avenue so Hargrave Street sr Pennsylvania Avenue 52 Bellegrave Avenue s3 Jackson Street $4 Mary Street 55 Spruce Street s6 Tyler Street Bus Transit $286,000,000 57 New operations and maintenance facility for zero emission buses 58 New multimodal transit centers 59 Bus fleet electrification: replacement and expansion program 60 High quality transit corridor improvements to bus stops, transit signal prioritization, amenities 61 Expanded RapidLink service in Riverside, Moreno Valley, and Perris 62 Technology infrastructure modernization, intelligent transportation and traveler information systems Note: Sequential numbers and investment order are provided for ease of reference only and do not imply priority. Page 3 of 3 RIVERSIDE COUNTY Regional Trails $170.000.000 TRANSPORTATION 63 Butterfield Ranch Trail l Southern Emigrant Trai1(66.8miles) COMMISSION 64 Santa Ana River Trail (25.7miles) 6s QdifornW Riding and Hiking Trail J89 miles) 66 Juan Bautista deAnia H istorical Trail (84.9 miles) 67 Salt CreekTrail (16 miles) as Public lands trail access Operations and Maintenance $1,09o,000,M0 Metrolink passenger rail service: 69 Existi ng Stat ion routine maintenance 70 Existingstation capital reinvestment 71 New station routine maintenance 72 New station capital reinvestment 73 Annual capital subsidy (30 years) 74 Annual operating subsidy (30 years) 75 M a i ntenance of exist ing and new RCTCraiI property 76 Maintenance and replacernent of new low J zero -emission technology trains far the 91 j Perris Valley Line 77 Additional operations and maintenance due to M etroli nk expansion (SCORE) 7a SR-79 Realignment roadway maintenance 7s Mid -County Parkway roadway maintenance 20 Freeway active traffic management technology operations and maintenance a1 Bus Service: annual operating subsidy (30 years) Services $575.000,000 a2 Motorist assistance: maintain existing and expand Freeway Service Patrol service 93 Commuter assistance: maintain existing rid eshare, vanpool, and park and ride services an Commuter assistance: expand ridesh are, van poo1, and park and ride services, pilot projects, incentives as Commuter assistance: park -and -ride lot development E6 Specialized transit: further subsidize fares for seniors, veterans, students, and individuals with disabilities a7 Buslraii transit: further subsidize fares for seniors, veterans, students, and individuals with disabilities as Express bus: subsidize new service and increase frequency of existing service Investments, Incentives, and Technologies $230.00000 as Metrolink passenger rail service: Station development incentives to encourage new amenities and services 90 Transportation investments supporting local and regional economic development 91 Emerging technology and other innovative programs s2 1stI last rnile transit connections: incentives, subsidize existi ng I new services, innovation pilot programs Total Investment $10,405,000,000 Note: Sequential numbers and investment order arc provided for ease of reference only and do not imply priority. Ontario _ SAN BERNARDINO CO- mmuft;LVERSIDE CO. urupa •'= Valley ® : Eastvale hino Hills Norco ma s�© ■� w C4ronaH Lake Mafthews Dg9 ��g s O OD 1111V i RIVERSIDE CO. SAID DIEGO CO. 0 5 10 Miles Riverside Valley Perris Canyon Menifee La e Lake &;none A Wlldomar M Murriefa lquimTemecula 91 CIP Completion Design -Build I RCTC 15 ELP Completion Design.Build ROTC 15191 Express Lanes Connector Design -Build RCTC; 60 Truck Lanes Construction RCTC Mid -County parkway Placentia interchange at 215 Construction RCTC 91 irachappa UP project: Railroad Realignmant Construction RCTC Mid County Pa rkway; Swee ney Gradi n g. Construction RCTC 15 Express Lanes Project Southarn Extension Environmental/ Ossign•6uild Phase 1 RCTC 91, Downtown Riverside Express Lanes Environmental ' RCTC 71191 Interchange Construction RCTC m91 Corrdot®perationsProject Construction RC1C t5 F: xpress Lan es Project Southern Extension - Environmental m RCTC Advanced Operat;.ns Consuuction Banning PARTIAL FUND IN6 AVAILABLE PhaT'e Sponsor RCW/Envrro mental RCTC t BeaumoN I'll Mid County Parkway: 13 Rig ht a F Way a nd En won me nta3 Mitigation Mid County Parkway: Package 2 DesignIConstruction RCTC ® 15 Express Lan as Project Southe r n Extension Design -Build Phase 2 Construction RCTC 60/215 Riverside. Marano Valley Express Lanes Envionmental/ Design/ RCTC Construction 215 Gap Project Environmental to Construction RCTC Mid Ca unty Parkway 215 Pro}a Ct, W eve to Alessandro Design/Cvnstructivn RCTC r 91 Downtown RiversideF.xpressLines L Design) nnstructiAn RCTC .r r mLaks Elsinore: IiAoilroad Canyon Interchange (Fully Funded) Construction LakeSkinare San m RCTLM A: Caja Ico Road Corridor I Environmental to Construction County Jacinto Temecu€a: French Valley Parkway Phase 2 Environmental to [,�pn5try�ti�n Phase Temecula Sponsor iNO 1 ACTION RCTE Mioi County Parkway: Packages 3 and thereafter Hemet ® Environmental to Cvn�uuction RCTC , ® 79 Realignment 6esign/Right of Wnyto Construction RCTC 1 5 Corridor (SR .74/Central to 1.215) Project Study to Environmental RCTC V,O,y 91 Corridor Ultimate Project: 71 to 241 I Environmental RCTC Lake 91 Corridor UIumane Project: 15 to Pierce Street I Project Study RCTC ® '0 Truck Cl im 6ing Lane E Environmer�tal m ConnrucNon i� I RCTC I Corridor (I.215 to Ccrun ty Line) II { Project Study to En wwmamal jII I RCTC II m 71.Widen1i4g ! Environmental to Construction I RCTC r 501501nterchanga Environmental W RCTC Construction ® 215 Viti mate Wicianing Environmental to Constr union I RCTC 50 Ju ru pa Val lay-Riverslde Express Lanes Environmental RCTC rACTION Vail m SBCIA0. 15 Expmas Lanes I Environmental tv Construction I SSCTA RiTLMA: Etaac Corridor Environmental l to Construction i aunty Environmental to Temecula: French Valley Pa rkway Phase 3 Construction Temecula June 24, 2019 RIVERSIDE COUNTY TRANSPORTATION COMMISSION Notes I. Some investments span mulriple supervaoriol districts. These investments are repeated in each district. 2. Investments added at the Nlavember 13, 2019 TRS Committee meeting are highlighted in light green. 3. Numbers refer to Atrachment 1 and am not indicative of any priority. LocaIStreetsand Roads 1 Calalco Road widening and safety enhancements (Teme5CaI Canyon Road to 1-215) 2 Ethanac Expressway (new east -west inter -regional corridor) 6 Van Buren Boulevard (Ki ng Aven ue to Bountiful Street) 7 Grand Avenue (Corydon Road to SR-74) Local Interchanges, On and Off Ramps 19 I -IS Bundy Canyon Road 20 I-15 Baxter Road 21 1-15 Central Avenue (SR-74j 23 SR-91 Adams Street 24 SR-91 Tyler Street 120 Buchanan Street bridge Highways 32 I-15 lane addition San Diego County line to SR-74j 34 1-215 lane addition (Van Buren Boulevard to SR-60 119 Additional lane on SR-91 Passenger Rail Transit Expansion Wtrolink passenger rail service 36 New 2nd main track from Moreno Valley to Perris 40 New 3rd track from Riverside to Fullerton 41 New 4th main track, and West Corona / Carona / La Sierra station improvements 42 Parking expansion at existi ng stations 44 New Moreno Valley / March Field station ADA and access improvements 45 New train station, Ramona Expressway 46 New low/ zero -emission technology trains Separating Local Streets and Roads from Railroad Tracks 53 Jackson Street 54 Mary Street 55 Spruce Street 56 Tyler Street Bus Transit 61 Expanded RapidLink service in Riverside, Moreno Valley, and Perris Regional Trails 63 Butterfield Ranch Trail/Southern Emigrant Trail (66.8 miles) Operations and Maintenance &Ietrollnk passenger roil service 69 Existing stations routine maintenance 70 Existing stations capital reinvestment 75 Maintenance of existingand new RCTC rail property 76 Maintenance and periodic replacement of new low/ zero -emission technology trains for the 91 Perris Valley Line RIVERSIDE COUNTY TRANSPORTATION COMMISSION Local Streets and Roads 1 Calalco Road wIdenino and safety enhancements (TernescaI Canyon Road to 1-215) 4 TemescaI Canyon Road widening (Tom Barnes Street to State Street) 108 Limonite widening (Bane Street to Beach Street) 109 Van Buren Boulevard re ha Gil ita tion Local Interchanges, On and Off Ramps 11❑ SR-60 / Etiwa nda interchange reconstruction 111 SR-60 / Rubidoux interchange Highways 33 SR-91 lane addition (1-15 to Pierce Street) 118 I-15 auxiliary lanes to Weirick Road 119 Additional lane on SR-91 Passenger Rail Transit Expansion Metrolink passenger roil service 39 New 3rd main track From Highgrove to Colton 40 New 3rd track from Riverside to Fullerton 41 New 4th main track: and West Corona / Corona / La Sierra station improvements 42 Parking expansion at existi no stations 46 New low/ zero -emission technology trains Separating local Streets and Roads from Railroad Tracks 52 Bel Iegrave Avenue Regional Trails 64 Santa Ana River Trail (25.7 miles) Operations and Maintenance Metrolink passenger rail service 69 Existing stations routine maintenance 70 Existing stations capital reinvestment 75 Maintenance of existi no and new RCTC rail property 76 Maintenance and periodic replacement of new low/ zero -emission technology trains for the 91 / Perris Valley Line RIVERSIDE COUNTY TRANSPORTATION COMMISSION Local Streets and Roads 8 Clinton Keith Road (Leon Road to SR-79) Local Interchanges, On and Ott Ramps 25 1-215 / Keller Road 27 Rancho California Road roundabouts Highways 28 I-15 / French Valley Parkway phase 3 29 SR 79 Realignment 32 1-15 lane addition (San Diego County line to SR-74) Passenger Rail Transit Ex pan sian 48 Perris -San Jacinto rail service: Full development and implementation of track and facilities Regional Trails 65 California Riding and Hiking Trail (89 miles) 66 Juan Bautista de Anxa Historical Trail (84.9 miles) Operations and Maintenance 78 SR-79 Realignment roadway maintenance 79 Mid -County Parkway roadway maintenance RIVERSIDE COUNTY TRANSPORTATION COMMISSION Local Streets and Roads 2 Ethanac Expressway (new east -west inter -regional corridor) 3 1-10 Bypass (new east -west road connecting Banning to CaWzon) S Gilman Springs Road safety enhancements (SR-60 to SR-79) 9 Sun Lakes Boulevard (Highland Home to Lincoln Avenue / Sunset Avenue) 113 Heaoock Street Connection (San Michelle to Harley Knox) 114 Redlands Boulevard (SR-60 north to city limits) 115 Alessandro Boulevard widening (1-215 East to La Salle) Local Interchanges, On and Off Ramps 14 1-10 / Highland Springs Avenue 15 1-10 / Pennsylvania Avenue 16 1-10 / Morongo Parkway 17 1-10 County Line Road 18 1-10 /Cherry Valley Boulevard 22 SR-60 / Pot rero Boulevard 26 1-215 / Harley Knox Boulevard 116 Redlands Boulevard / SR-60 interchange and auxiliary lanes Highways 30 Mid -County Parkway 31 1-10 /SR-79 interchange 112 SR-60 lane addition (1-215 to Redlands Boulevard) Passenger Rail Transit Expansion Metrolin k posse nge r rail se rvire 43 New Perris -South station track and layover facility 46 New low/ zero -emission technology trains 47 Coachella Valley -San Gorgonio rail service: new San Gorgonio Pass station 48 Perris -San Jacinto rail service: full development and implementation of track and facilities Separating Local Streets and Roads from Railroad Tracks 49 San Gorgonio Avenue 50 Hargrave Street 51 Pennsylvania Avenue Bus Transit 51 Expanded Rapid Link service in Riverside, Mere no Valley, and Perris Regional Trails 67 Salt Greek Trail (16 miles) ope rat ions an d M ai nt ena nce Merrolink passenger rail service 69 Existing stations routine maintenance 70 Existing stations capital reinvestment 71 New station and routine maintenance 72 New station capital reinvestment 75 Maintenance of existing and new RCTC rail property 76 Maintenance and periodic replacement of new low/ zero -emission technology trains for the 91 / Perris Valley Line 79 Mid -County Parkway roadway maintenance RIVERSIDE COUNTY TRANSPORTATION COMMISSION Local Streets and Roads 10 Street repairs 11 Safety improvements 12 Traffic signal synchronization 13 Safe routes to schools Highways 35 Mitigation for increasing road capacity 36 Managing freeway congestion through technology (active traffic management, smart freeways) Passenger Rail Transit Expansion 37 Railroad crossing safety improvements Bus Transit 57 New operations and maintenance facility for zero emission buses 58 New muItimodaI tra nsit ce nters 59 8us fleet electrification: replacement and expansion program 60 High quality transit corridor improvements to bus stops, transit signal prioritization, amenities 62 Technology in fra5 truCtu re modernization, intelligent transportation and traveler information systems Regional Trails 68 Public lands trail access Ope rat ions an d M ai nt enan ce 73 Metrolink Rail Service: annual capital subsidy (30years) 74 Metrolink Rail Service: annual operating subsidy (30 years) 77 Metrolink Rail Service: additional operations and maintenance due to Metrolink expansion (SCORE) 80 Freeway active traffic management technology operations and maintenance 81 Bus Service: annual operotingsubsidy (30yea rs) Multi -modal Services 82 Motorist assistance: maintain existi ng and expand Freeway Service Patrol service 83 Commuter assistance: maintain existing rid eshare, vanpool, and park -and -ride services 84 Commuter assistance: expand rideshare, vanpool, and park -and -ride services, pilot projects, incentives 85 Comm uterassistance:park-and-r id e lot develop men t 86 Specialized transit: further subsidize fares for seniors, veterans, students, and Individuals with disabilities 87 8us/raiI transit: further subsidize fares far seniors, veterans, students, and individuals with disabilities 88 Express bus: subsidize new bus service and increase frequency of existing service Investments, Incentives, and Technologies 89 Metrolink passenger rail service: station development incentives to encourage new amenities and services 90 Transportation investments supporting local and regional economic development 91 Emerging technology and other innovative programs 92 lstilast mile tra nsit con nections: incentives, subsidize existingInewservIces, innovation pilot programs AGENDA ITEM 9 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: December 11, 2019 TO: Riverside County Transportation Commission FROM Aaron Hake, External Affairs Director THROUGH: Anne Mayer, Executive Director SUBJECT: Countywide Traffic Relief Plan Draft Framework STAFF RECOMMENDATION: This item is for the Commission to provide recommendations and direction to staff on the draft framework of the Countywide Traffic Relief Plan (Plan) in preparation for public circulation of the Plan in January 2020. BACKGROUND INFORMATION: Development of the Draft Plan to Date In public meetings, the Commission and Traffic Relief Strategy Committee have provided the following input into development of the draft Plan: • Commission approval of: o Vision, Goals, and Objectives (Four vision statements, and 15 goals and objectives) — October 9, 2019 o Revenue estimate (for a half -cent sales tax over 30 years) — November 13, 2019 o Sub -regional structure (Coachella Valley, Palo Verde Valley, Western County) — November 13, 2019 o Expenditure categories (Reducing Congestion and Connecting Communities; Improving Safety and Keeping Infrastructure in Good Condition; Supporting Veterans, Seniors, Students, and Individuals with Disabilities) — November 13, 2019 • Committee approval of policy approach for the Coachella Valley component of the Plan. — November 13, 2019 • Commission approval of investments for inclusion in the Western County component of the Plan, planning horizon, and level of fiscal constraint. — December 11, 2019, (on the some agenda as this item) Agenda Item 9 im Throughout these public discussions, Commissioners have also provided input on several policy issues. Specifically, at the November 13 Commission meeting, Commissioners directed staff to work further on the following matters: 1. Emphasizing internal connection of geographic areas within Riverside County; 2. Assurances that smaller communities will receive funding from the Plan; 3. Inclusion of "disadvantaged communities" and areas lacking infrastructure; and 4. Reconsideration of including a direct subvention of funding to cities and the county for local streets and roads, particularly in the Coachella Valley. Framework: Bringing Input Together This staff report and draft framework is an attempt to coalesce all the action and feedback provided thus far by the Commission. The framework is an outline and not a complete policy document. The framework will be "built -out" based on action taken by the Commission in the previous item regarding Western County investments as well as input received on this item. The framework includes the Commission -adopted vision, goals, and objectives, sub -regional structure with return -to -source requirements, and deference to the Coachella Valley Association of Governments (CVAG) Transportation Project Prioritization Study (TPPS) for implementation of the Plan in the Coachella Valley. Further, the framework proposes approaches to the four policy issues identified by the Commission on November 13, 2019, as follows: 1. Emphasizing internal connection of geographic areas within Riverside County. o The "Revitalization of the Hemet -San Jacinto Valley" section calls for acceleration of construction of the Route 79 Realignment and Mid County Parkway and construction of a new rapid transit connection between the valley and other parts of Riverside County. o "New East-West Connections" calls for design and construction of the County of Riverside's Cajalco Road and Ethanac Expressway projects, which are intended to connect communities within Riverside County and relieve congestion from routes 10, 15, 60, 91 and 215. o The proposed "Bring Jobs Home Program" calls for a set -aside of funding for local governments to develop infrastructure and public transportation services that will increase local employment within the county, fostering intracounty trips rather than inteacounty trips. o The framework provides a placeholder for major local roads, pending direction from the Commission on the previous agenda item. 2. Assurances that smaller communities will receive funding from the Plan. o The framework proposes a "Maintaining Local Roads and Repairing Potholes" program that designates funding based on objective needs, as vetted by public works professionals representing each member jurisdiction of RCTC. This is a similar approach to how the TPPS works in the Coachella Valley. Commissioners Agenda Item 9 387 expressed concerns that multiple larger jurisdictions with greater resources and coalitions of votes on the Commission could "team up" to the detriment of smaller communities. This proposed approach maintains the spirit of collaboration and regionalism that other Commissioners have promoted, while ensuring that prioritization of funding would be less susceptible to politicization and alliances and more dependent on merit and objective need. o In the "Trust and Accountability to Taxpayers" section, the framework includes a policy statement regarding the Commission's intent to achieve equity for smaller and rural communities. 3. Inclusion of "disadvantaged communities" and areas lacking infrastructure. o Staff proposes the Commission consider amending the third expenditure category approved last month to include "Underserved and Rural Communities." This language more directly addresses the concerns expressed by the Commission. "Disadvantaged communities" has a legal definition in state statutes and has been interpreted by the California Environmental Protection Agency (CaIEPA) that applies to some areas of Riverside Counties, but not to other communities that Commission and CVAG staff believe should qualify. The language suggested in the framework disconnects this local Plan from any state definitions and provides direction to future investments in areas of the county lacking in basic infrastructure. 4. Reconsideration of including a direct subvention of funding to cities and the county for local streets and roads, particularly in the Coachella Valley. o Discussions are ongoing among member agencies and CVAG staff regarding how to address this issue. Therefore, the Traffic Relief Strategy Committee's prior direction on this issue is reflected in the framework. In addition to the four topics above and the elements adopted by the Traffic Relief Strategy Committee and the Commission, the draft framework also brings forward a few policy areas for feedback that have yet to be vetted, such as: • Taxpayer accountability measures; and • The Palo Verde Valley component. The draft framework includes several elements that are present in the current Measure A expenditure plan (though the Plan is not intended to be a duplicate of Measure A). Today's Purpose The purpose of this agenda item is for the Commission to provide feedback and direction to staff regarding the overall direction of the draft Plan. Pursuant to the schedule adopted by the Commission on September 11, 2019, a significant amount of staff and consultant effort will be expended over the next month in preparing a draft Plan suitable for public review and comment Agenda Item 9 January through April 2020. It will be helpful for staff to receive as much specific direction as possible from Commissioners prior to expending these resources and presenting something for countywide public input. No approvals are sought as part of this item. The draft framework is an outline and not a complete policy document. Attachment: Countywide Traffic Relief Plan Draft Framework Agenda Item 9 The Riverside County Traffic Relief Plan Draft Framework for Commission Deliberation December 11, 2019 VISION • Four vision statements adopted by Commission on October 9, 2019 GOALS AND OBJECTIVES • Fifteen goals and objectives adopted by Commission on October 9, 2019 TRUST AND ACCOUNTABILITY TO TAXPAYERS Independent Audits Required • An annual fiscal audit will be required. • The audit will determine compliance with requirements of the Plan and governing Ordinance. • Audit reporting will be available to the public online. • Language regarding audits will be similar to current Measure A expenditure plan. Efficiency, Responsibility, and Local Control • Administrative salaries and benefits are limited to 1% or less of revenues generated under the Plan, consistent with the Measure A expenditure plan and per state law. • No State or Federal agency has jurisdiction over the use of revenues generated for this Plan. • Implementation of the Plan will not require the creation of any new government entity. • The Commission consists of one representative from every city in Riverside County and the entire Board of Supervisors. • RCTC has authority to delegate aspects of Plan implementation to local entities, such as the Coachella Valley Association of Governments (CVAG). Transparency and Openness • Execution of the Plan, including meetings where decisions are made, will be conducted in accordance with transparency laws such as the Ralph M. Brown Act. Geographic Equity • Three subregions are established, consistent with the current Measure A expenditure plan: o Coachella Valley, o Palo Verde Valley, and o Western Riverside County. Revenues generated within each subregion will remain in that subregion for expenditure. DRAFT Framework of Traffic Relief Plan, Page 1 390 " The Commission will strive to achieve equity in investments throughout the geography of Riverside County, including smaller and rural communities. Flexibility to Expedite Projects " The Commission is authorized to incur debt (bonding against revenues) and issue loans to other public agencies to keep vital services and projects moving forward. " The Commission will establish the limitation on debt. Innovation and Partnership " RCTC will partner with private sector, tribes, and others to reduce costs to taxpayers (e.g., joint development of transit and rail stations, advertising, leasing of Commission -owned right-of-way, ride -sharing and alternative transportation services, and construction of railroad tracks on private right-of-way, etc.). " As new technologies emerge, RCTC and its partners will maintain flexibility and seek ways to improve mobility in ways not yet conceived and which may improve efficiency, reduce costs, and enhance quality of life for Riverside County residents. Mandatory Plan Review and Updates " The Commission will review the Plan at least every 10 years and determine if amendments are needed to reflect the changing needs of the County. Amendments are required to go through a formal process set forth in the law. STRATEGIC INVESTMENTS IN RIVERSIDE COUNTY'S TRANSPORTATION SYSTEM Throughout Riverside County (County), the Plan will make investments in three primary categories adopted by Commission on November 13, 2019: " Reducing Congestion and Connecting Communities " Improving Safety and Keeping Infrastructure in Good Condition " Supporting Seniors, Veterans, Students, and Individuals with Disabilities RCTC's strategy considers: �' Accelerating Investments: o Make improvements that can be implemented most quickly and efficiently. o Advance construction of planned improvements by many years through increased funding and responsibly bonding against that funding. o Use all available tools under state and federal laws to expedite environmental reviews, design and construction; advocate for changes in law to responsibly accelerate completion of transportation projects. �' Economic Opportunity: o Invest in transportation projects and services that improve economic opportunity locally by bringing more industries and companies that create jobs in Riverside County. �' Advances in Technology: DRAFT Framework of Traffic Relief Plan, Page 2 391 o The Plan will remain flexible to accommodate the rapid rate of advancement in technologies that can achieve the objectives of this Plan. ➢ Balance and Equity: o Invest in transformative projects and services for the diverse and unique communities of Riverside County, such as: ■ Rural and underserved areas in need of basic infrastructure for safety and quality of life; ■ Urban areas with significant traffic congestion; ■ Areas in need of additional transportation options; and ■ High -growth areas that want to be proactive about investing in infrastructure. o Ensure that smaller communities are not excluded from opportunities to receive needed investment. COACHELLA VALLEY Communities served: • Cities of Cathedral City, Coachella, Desert Hot Springs, Indian Wells, Indio, La Quinta, Palm Desert, Palm Springs and Rancho Mirage • Unincorporated communities of B Bar H Ranch, Bermuda Dunes, Bubbling Wells neighborhood, Cahuilla Hills, Carver Tract, Chiriaco Summit, Cholla Gardens, Desert Edge, Desert Palms, Eagle Mountain, Indio Hills, Lake Tamarisk, Mecca, Mission Lakes Country Club, North Palm Springs, North Shore, Oasis, Sky Valley, Sun City Palm Desert, Thermal, Thousand Palms, Vista Santa Rosa, and Whitewater The Coachella Valley component of the Plan calls for multimodal investments consistent with the vision, goals and objectives, and expenditure categories adopted by the Commission. All revenues generated under the Plan in the Coachella Valley shall remain in the Coachella Valley for expenditure. RCTC designates CVAG as steward of the Plan in the Coachella Valley. CVAG will establish priorities according to the Transportation Project Prioritization Process (TPPS), which is a merit -based method of scoring all regional projects in the Coachella Valley. Criteria upon which prioritization decisions are based are adopted by the CVAG Executive Committee as recommended by civil engineers and public works professionals serving on the CVAG technical sub -committees representing every CVAG member jurisdiction. The TPPS is established as the guiding document for transportation investments on regional roadways, including freeway and highway interchanges, road widenings and improvements, bridge projects and valleywide signal synchronization. The TPPS will continue to broaden to include proposed investments in creating and maintaining transportation infrastructure, including but not limited to: • Passenger rail investments, such as train stations, that help connect the Coachella Valley to Orange County and/or Los Angeles; • Upgrading infrastructure to eliminate or reduce road closures associated with natural disasters and phenomena such as flooding and blow sand; DRAFT Framework of Traffic Relief Plan, Page 3 392 " Infrastructure and systems to improve all forms of mass transit; " Active transportation such as facilities for biking and walking safely; " New mobility concepts and technologies to connect the workforce to the workplace and to reduce seasonal and event -related traffic congestion; and " Creating consistency across the Coachella Valley's regional roadways by providing additional maintenance programs and enhancements that improve the travel experience for residents and visitors. The Plan in the Coachella Valley will also be consistent with the RCTC strategies to accelerate investments, achieve balance and equity and provide economic opportunities and accommodate changing transportation technologies. PALO VERDE VALLEY Communities served: " City of Blythe " Unincorporated communities of Colorado River Communities, Desert Center, Mesa Verde, and Ripley All revenues generated in the Palo Verde Valley will remain in the Palo Verde Valley, with local streets and roads funding returned directly to the City of Blythe and County of Riverside. Funding for public transportation services will be directed by RCTC in consultation and collaboration with the Palo Verde Valley Transit Agency and any other key stakeholders. Transportation needs in rural areas, such as the Palo Verde Valley, are community -centered to strengthen community health, quality of life, the agricultural economy, and tourism. The Plan will focus on: " Safety and maintenance on local streets and roads; and " Increasing public transportation access for education, healthcare, employment and basic services. The current Measure A expenditure plan invests only in local streets and roads and does not include a transit component in the Palo Verde Valley. Public transit is an important aspect of transportation in this subregion and is recommended for inclusion in the Plan. WESTERN RIVERSIDE COUNTY Communities served: " Cities of Banning, Beaumont, Calimesa, Canyon Lake, Corona, Eastvale, Hemet, Jurupa Valley, Lake Elsinore, Menifee, Moreno Valley, Murrieta, Norco, Perris, Riverside, San Jacinto, Temecula, Wildomar " Unincorporated communities of Aguanga, Anza, Banning Bench, Cabazon, Cherry Valley, Coronita, Cottonwood Canyon, De Luz, Desert Hills, El Cariso Village, El Cerrito, El Nido, French Valley, Garnet, Gavilan Hills, Gilman Hot Springs, Good Hope, Green Acres, Highgrove, Home Gardens, Homeland, Idyllwild, Juniper Flats, La Cresta, Lakeland Village, Lake Mathews, Lake Perris, Lake Riverside, Lakeview, Lakeview DRAFT Framework of Traffic Relief Plan, Page 4 393 Mountains, Meadowbrook, Mead Valley, Mission Springs, Mountain Center, Murrieta Hot Springs, Nuevo, Painted Hills, Pine Cove, Pinyon Pines, Poppet Flats, Quail Lake, Rancho California, Reche Canyon, San Jacinto Wildlife Reserve, Santa Rosa, San Timoteo Canyon, Soboba Hot Springs, Snow Creek, Temescal Valley, Tenaja, Twin Pines, Valle Vista, Warm Springs, Winchester, Windy Point, Wine Country, and Woodcrest All revenues generated under the Plan in Western Riverside County shall remain in Western Riverside County for expenditure. Traffic congestion frustrates Riverside County residents and restricts economic growth, compromises public health, and robs precious time from families. Many communities in Western Riverside County lack adequate connections — requiring long commutes, adding to travel times, and depriving local businesses of opportunities for growth that accompanies access to major roads, rail, and public transit lines. The Plan calls for significant investments to create a balanced, modern, and more efficient transportation system in Western Riverside County that reduces congestion, saves time, and creates incentives for businesses to create more jobs in Riverside County and reduce the need for local residents to commute long distances. Congestion Reduction Program The Plan will make strategic investments in Western Riverside County's highly congested corridors to provide options for travelers to get where they are going more quickly, efficiently, and with less stress. Improvements in each corridor may consist of a combination of highways, local and regional roads, rail and mass transit, bridges, on- and off -ramps, trails and sidewalks, park -and -ride facilities, and technologies that improve traffic flow. RCTC will establish prioritization criteria to ensure that funds go to the most beneficial projects and services for each corridor. The 91 Corridor Congestion Reduction Program • Inclusive listing of multimodal priority projects and services on the 91 corridor [Map of proposed investments] I-15 Corridor Congestion Reduction Program • Inclusive listing of multimodal priority projects and services on the 1-15 corridor [Map of proposed investments] I-10 Corridor Congestion Reduction Program • Inclusive listing of multimodal priority projects and services on the 1-10 corridor [Map of proposed investments] The 60 Corridor Congestion Reduction Program • Inclusive listing of multimodal priority projects and services on the 60 corridor [Map of proposed investments] DRAFT Framework of Traffic Relief Plan, Page 5 394 I-215 Corridor Congestion Reduction Program • Inclusive listing of multimodal priority projects and services on the 1-215 corridor [Map of proposed investments] Bring Jobs Home Program • Set -aside of funds for an incentive program for local governments to develop infrastructure that will secure new permanent living -wage jobs in County and reduce the demand for residents to commute to other counties for work. These funds can also be used to invest in public transportation services that will help residents access employment opportunities. Countywide Commuter Relief Program • Set -aside of funds to increase current efforts to help frustrated commuters find alternatives to driving alone over long distances to work or school and help save time, such as: o Implementing existing and emerging technologies to make infrastructure operate more efficiently; o Better integrating public transportation systems and other modes of travel; and o Partnering with major employers and mobility companies to increase carpooling and use of alternative transportation. Connecting Riverside County Program Revitalization of the Hemet -San Jacinto Valley • Accelerate construction of the Route 79 Realignment • Accelerate construction of the Mid County Parkway • Construction of a new rapid transit connection between the Hemet -San Jacinto Valley and other parts of Riverside County. [Map of 79 Realignment and Mid County Parkway projects, as well as potential rapid transit routes] New East-West Connections: Relief for the 10, 15, 60, 91 and 215 • Design and construction funding for: o Cajalco Road o Ethanac Expressway [Map of new east -west connections] Improving Traffic Flow on Major Local Roads • Identification of major local roads throughout the County for investment [Map of major local roads] Rail Station Construction for New Passenger Rail Service to the Coachella Valley DRAFT Framework of Traffic Relief Plan, Page 6 395 " Construction of a new rail station in the San Gorgonio Pass region to serve future passenger rail service between Indio and Los Angeles via Riverside and Orange County [Map of rail line for proposed daily intercity rail service] Regional Trails " Identification of major Western Riverside County regional trails in the master plan for the Riverside County Parks & Open Space District to which local cities and the County can connect " Investment in trail access to some public lands in conservation under the stewardship of the Western Riverside County Regional Conservation Authority [Map of master plan backbone trail network] Improving Safety Reducing Accidents and Fatalities on Major County Roads " Major upgrades to Gilman Springs Road and Grand Avenue to reduce fatality and accident rates " Construction of Mid County Parkway to reduce accident rates on Ramona Expressway " Construction of Route 79 Realignment to reduce accident rates on existing Route 79 Separating Local Roads from Railroad Tracks " Identification of priority projects to separate motorists from trains [Map of rail crossings needing grade separation throughout Western Riverside County] Safe Routes to School " Funding to cities, the County of Riverside, school districts, and other governmental and nonprofit agencies through a competitive application process to construct infrastructure  such as sidewalks, crosswalks and bicycle lanes  and educational programs that provide safer routes for children to walk or bike to school, thereby decreasing injuries and fatalities Freeway Service Patrol " Sustaining current levels of Freeway Service Patrols on I-15, SR-60, SR-91, and I-215 " Adding Freeway Service Patrols on I-10 in the San Gorgonio Pass and extending hours of coverage on existing beats, including weekends [Map of current and proposed future FSP service areas] Keeping Infrastructure in Good Condition Maintaining Local Roads and Repairing Potholes " A minimum percentage of funds to be available for local governments to keep local roads in good condition and repairing potholes " Paving dirt roads is an eligible use DRAFT Framework of Traffic Relief Plan, Page 7 396 " Prioritization of funds based on a fact -based study that is updated on a regular basis by RCTC, with criteria established by civil engineers and public works professionals serving on the RCTC Technical Advisory Committee and representing every Western Riverside County city and the County of Riverside. The Technical Advisory Committee shall take into consideration equity for smaller cities and unincorporated communities. Maintaining, Operating, and Upgrading Public Transportation " Investments in modernizing public transportation in Riverside County to ensure that existing and future services can operate safely and sustainably. Investments include, but are not limited to: o Operating and maintaining existing and future Metrolink rail stations (there are currently nine stations in Corona, Riverside, Jurupa Valley, Perris, and near Moreno Valley) o Operating Metrolink trains through Western Riverside County at current and future increased frequencies o Maintaining locally owned railroad right-of-way to ensure safety and proper care of the tracks o Investing in zero -emission bus and train equipment, facilities, and operations o Operating rapid bus transit services throughout Western Riverside County at current and future increased frequencies Maintaining New Major Roads " Maintenance and operations funding for Mid County Parkway and Route 79 Realignment. Supporting Veterans, Seniors, Students, Individuals with Disabilities, Underserved and Rural Communities " Investments are vital to increase mobility, independence, and economic opportunity for seniors, veterans, students, individuals with disabilities, and residents of underserved and rural communities in Western Riverside County. " RCTC shall establish grant programs to distribute these funds within Western Riverside County. " Eligible investments shall include, but not be limited to: o Specialized transit services such as dial -a -ride o Transportation to and from schools, colleges and universities o Transportation services for veterans o Active transportation infrastructure o Keeping transit fares low for seniors, veterans, and individuals with disabilities o Bringing infrastructure into compliance with the Americans with Disabilities Act DRAFT Framework of Traffic Relief Plan, Page 8 397 RIVERSIDE COUNTY TRANSPORTATION COMMISSION Riverside County Transportation Commi December 11, 2019 IV Traffic Relief Plan: Draft Framework Traffic Relief Plan Development so far... Ir—ion, Goals, Revenue 1 Structure Investments bjectives Estimate N :RC]TC Traffic Relief Plan: Draft Framework Traffic Relief Plan Development so far... Public: Qualitative Commission • TRS Committee City Mana gers 9 In put County TLMA • Isola Public: Quantitative E 0 March 2019- January 2020 January 2020 K RCTC Traffic Relief Plan: Draft Framework Traffic Relief Plan Development in 2020 Public: Qualitative Commission TRS Committee City Managers County TLMA Public: Quantitative Stakeholders f r-I January - April 2020 June 2020 11 IV Traffic Relief Plan: Draft Framework Traffic Relief Plan: Draft Framework • Outline • Commission -approved elements • Use successful elements of current Measure A expenditure plan • Aims to respond to TRS Committee and Commission dialogue so far ■ Internal connectivity within Riverside County ■ Equity for smaller communities ■ "Disadvantaged communities" ■ Local streets and roads in the Coachella Valley 61 IV Traffic Relief Plan: Draft Framework Commission feedback addressed ■ Internal connectivity within Riverside County ■ 79, MCP, Ethanac, Cajalco ■ Bring Jobs Home ■ Major Local Roads ■ Equity for smaller communities ■ Maintenance and basic infrastructure - needs/merit-based prioritization by Technical Adv. Committee ■ Trust & Accountability policy: equity for small and rural communities ■ "Disadvantaged communities" ■ Added language to third expenditure category: "Underserved and Rural Communities" ■ Local streets and roads in the Coachella Valley ■ CVAG incorporating feedback into proposed maintenance program z IV Traffic Relief Plan: Draft Framework Traffic Relief Plan: Draft Framework • Questions for the Commission: 1. Does the framework head in the right direction? 2. What remaining issues should be addressed for the draft Plan? NOTE: The Commission will not approve the draft Plan today. 7 RIVERSIDE COUNTY TRANSPORTATION COMMISSION QU 110NS DIALOGUE AGENDA ITEM 10 PRESENTATION RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: December 11, 2019 TO: Riverside County Transportation Commission FROM: Shirley Medina, Planning and Programming Director THROUGH: Anne Mayer, Executive Director SUBJECT: Presentation of Draft Connect SoCal STAFF RECOMMENDATION: This item is for the Commission to receive and file a presentation from the Southern California Association of Government (SCAG) regarding the Draft Connect SoCal. BACKGROUND INFORMATION: On November 7, 2019, SCAG's Regional Council approved the release of the Draft Connect SoCal plan (also known as the 2020-2045 Regional Transportation Plan/Sustainable Communities Strategy, or RTP/SCS, for public review and comment. The comment period for the Draft Connect SoCal plan starts on November 14, 2019, and ends at 5:00 p.m. on January 24, 2020. The Draft Connect SoCal plan capped off more than three years of dialogue and consultation to capture the vision and aspiration of 19 million people that call this region home. SCAG is required by federal law to prepare and update a long-range plan to meet transportation conformity requirements and conduct transportation system performance monitoring. SB 375 added the requirement of preparing a Sustainability Communities Strategy that calls for the integration of land use and transportation strategies to meet greenhouse gas emission reduction targets established by the California Air Resources Board. SCAG staff will present an overview of Connect SoCal at its December Commission meeting. Agenda Item 10 THE 2020-2045 REGIONAL TRANSPORTATION PLAN/ SUSTAINABLE COMMUNITIES STRATEGY OF THE SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS �TmwVNNEC� S� C • About the Plan SoCal Today A Path to Greater Access, Mobility & Sustainability Paying Our Way Forward Measuring Our Progress 0 1* Looking Ahead 2 Goals Mobility Choices Disaster Resiliency Robust Economy Safe & Healthy Environment Community Improved Air Quality Diverse Types of Houses Maximize Infrastructure Climate Change Adaptation Land Conservation j■ Guide the Plan SCAG DEVELOPING REGIONAL TRANSPORTATION PLAN Required by federal law to prepare and update a long-range transportation plan KEEPING UP WITH GLEAN AIR ACT REQUIREMENTS Meet federal transportation conformity requirements MONITORING SYSTEM PERFORMANCE Required by federal law to conduct transportation system performance planning/monitoring DEVELOPING A SUSTAINABLE COMMUNITIES STRATEGY State law requires the integration of land use and transportation strategies HITTING SPECIFIC TARGETS FOR GREENHOUSE GAS EMISSIONS California Air Resources Board sets emission reduction targets for the region About the Plan 0 One -on -One Engagements With Local Jurisdictions and County Transportation Commissions About the Plan • Regional Planning Working Groups and Community Based Organizations Cf A%[M.1 i4L 1'fiN .1 m i f!F if.51imrrN Public Workshops, Street Teams, Tele-Town Hall, Advertisements and Survey I Planning Process Update Data (through 2045, the new horizon year) Transportation Financial Analysis Update Planning Assumptions Compile/Analyze ❑raft Connect SoCal Release Draft Connect SoCal & PEIR Approve Draft Connect SoCal & PEIR Issues Exploration Land Use/Transportation Scenarios Development Develop Program Environmental Impact Report (PEIR) Public Outreach & Comment Period SoCal Today About the Plan A Path to Greater Access, Mobility & Sustainability Paying Our Way Forward Measuring Our Progress 0 1 0 Looking Ahead Households by County, 2016 1% Housing Tenure in SCAG Region, 2016 Housing by Type in SCAG Region, 2016 ■ Imperial ■ Los Angeles Orange ■ Riverside ■ Owner Renter ■ Single -Family Multi -Family ■ San Bernardino ■ Ventura 57% of renters are paying more than 30 percent of their income on housing SCAG Region Household Growth 2008-2016 FREEWAYS URBAN/COMMUTER RAIL ■. HIGH CONCENTRATION LOW CONCENTRATION IMPERIAL C Sl 0 1 09 TO/FROM: WORK TO/FROM: SCHOOL TO/FROM: SHOPPING ALL TRIPS SINGLE OCCUPANCY 72.2% 9.0% 35.3% 38.4% VEHICLE HIGH OCCUPANCY 20.3% 63.7% 51.5% 48.4% VEHICLE TRANSIT 3.2% 10.1% 2.9% 3.8% o 0 m n BIKE - 0.8% 1.3% 1.6% 1.3% n n • co 4 WALK 3.4% 15.9% 8.8% 8.0% o Q m SoCal Today • • �:-: 10 r' HOURS STUCK IN TRAFFIC OF BRIDGES ON THE NHS ARE IN POOR CONDITION 21% FARMLANDS LOST SINCE 1984 SCAG, .1�4FV'.�`4LV fr�V .l �. if':n ifN�lliii k' l $21m4B ANNUAL COST OF TREATING CHRONIC DISEASE 19500 ANNUAL TRAFFIC FATALITIES 78% OF THE POPULATION LIVING IN FLOOD HAZARD AREAS ARE MINORITIES • • • 0 s 11 4T JOBS HOUSEHOLDS r�iroiriloi POPULATION s 8.4 M 6M � 18-9M N Iq lom 7.6m 22.5M N SoCalToday • • • • 0 - 12 P-ABY 2045 UNDER 15 15-64 65+Lo I IN 5 N 3.7M 12.6M 2.4M PEOPLE WILL BE AGE 65+ uo N 3,9 M 14 M 4.6M0 SoCal Today 13 HOUSEHOLD GROWTH 2016 2045 7169000 190869000 Socal Today POPULATION GROWTH 2016 2045 0 Ov—w A �; D2 04:11 Val 1IMS 293649000 392529000 CHANGING DEMOGRAPHICS 2016 Under 15 2045 23.2% 19.9% 2016 15-64 2045 62.7% � 59.2% 2016 65+ 2045 14.1% 20119% • 14 A Path to Greater Ac Mobility & Sustainab About the Plan SOCaI Totlay cess elety9 Paying Our Way Forward Measuring Our Progress 0 1 0 Looking Ahead 15 'W' A'IYC �0§ A ,f'I;SCAG JML Mhl Aff 1 ROOTED IN THE 2008 AND 2012 PLANS, CONNECT SOCAL'S CORE VISION CENTERS ON: • Maintaining and better managing the transportation network we have for moving people and goods. • Expanding mobility choices by locating housing, jobs, and transit closer together. • Increasing investment in transit and complete streets. KEY CONNECTIONS AUGMENT THE CORE VISION OF THE PLAN TO: • Leverage and align new technologies with land use and transportation strategies. • "Close the gap" to meet increasingly aggressive greenhouse gas reduction goals. A Path to Greater Access, Mobility & Sustainability a I*— Core Vision S EXITS 6 isll-1 on 10 ►t ation 15 0ExPRE55® ENTRANCE 0 ® EXPRESS OAK GLEN RD 1-215 SR-57 ` I siwww Msi 4H TRANSIT SYSTEM PRESERVATION BACKBONE a & RESILIENCE A Path to Greater Access, • Mobility &Sus#ainability yr ��fj '� r +M n s�►1 �� 0 GOODS MOVEMENT Key Connections GO ZONE CARS U.CiO-$4 00 6:00 AN - 8:00 AN C:ARP00LS FREE SHARED MOBILITY & MOBILITY AS A SERVICE A Path to Greater Access, Mobility &Sus#ainability-0 1 0 — ACCELERATED ELECTRIFICATION Paying Our Way Forward About the Plan SoCal Today A Path to Greater Access, Mobility & Sustainability • Measuring Our Progress 0 1* 1 AV Looking Ahead 21 Draft Total SCAG Region System Needs: $638.6 billion (in nominal dollars) $316 Operations & Maintenance $287 Capital Costs $a 0.0 Debt Service $302.8 Core Local Paying Our Way Forward • F iEPr � ��0 sl?C9. unding Gap Core Federal T Core State 'W' A'IYC �0§ d if'I;SCAG 1 RevenueAmount (billions,• • • • Federal Gas Excise Tax Adjustment to Maintain Historical Purchasing Power $2.7 Mileage -Based User Fee (Replacement) $42.7 (est.increment only) Federal Credit Assistance, Bond Proceeds $2.2 Private Equity Participation $6.3 Local Road Charge Program $77.8 Value Capture Strategies $3.0 Transportation Network Company (TNC) Mileage- Based Fee $4.7 $139.4 billion Paying Our Way Forward _ 23 '6 Measuring Our Progress About the Plan SoCal Today A Path to Greater Access, Mobility & Sustainability Paying Our Way Forward • 1 • Looking Ahead W 2020 2035 ARB Target 8% Connect 8% 19% SoCal % Difference 0% 0% Percent Reduction Relative to 2005 Levels (per capita) Measuring Our Progress 25 Reduced Daily Vehicle Miles Traveled (per capita) 2016 2045 BASE YEAR BASELINE MILES MILES , qqMWj Baseline to Plan Comparison - 4.1% Base Year to Plan Comparison -9.5% w INC& A Reduced Daily Minutes of Delay (per capita) MINUTES P' Baseline to Plan Comparison -22.4% Ir•IMN11161 Base Year to Plan Comparison A4.1% Measuring Our Progress 0 k Job Creation Benefits Plan Investment Enhanced Economic Competitiveness 167100 Average Annual Jobs Over Life of Plan 195500 Average Annual Jobs Over Life of Plan REDUCES VEHICLE MILES TRAVELED Decrease when plan compared to baseline Y 639700 Average jobs generated per year LAND CONSUMED Reduction in greenfield area of preserved land compared to trend HOUSEHOLD COST SAVINGS (TRANSPORTATION, WATER, ENERGY $149236 -- $139277 = $959 Household cost Household cost Annual without plan with plan household savings PROJECTED DAILY DELAY IMPROVEMENTS PER CAPITA) iimm • • 2016 Delay 2045 Delay 2045 Delay without plan with plan Measuring Our Progress 0 0 128 Looking Ahead About the Plan SoCal Today A Path to Greater Access, Mobility & Sustainability Paying Our Way Forward Measuring Our Progress 0 1 0 r, SC4 4G k 1%, A i im " Is a transportation infrastructure investment strategy that will impact Southern California, and beyond. " Will invest over $638 billion on transportatio, i impro-vument projects. " Will locate housing, jobs and transit closer together in priority growth areas while preserving natural lands and open spaces. " Will link the built environment and transportation system with policies, projects and programs that strengthen and enhance each other beyond what each would accomplish in isolation. " Will deliver significant benefits to the region with respect to mobility, safety, health outcomes, travel time reliability, air quality, economic productivity, environmental justice, and transportation assets. " Will generate approximately 362,700 jobs annually. Looking Ahead - 0 30 COMPASS NOT A ROADMAP VISION NOT A GUARANTEE PLATFORM FOR REGIONAL COLLABORATION AND PARTNERSHIPS • - • Looking Ahead 31 I What's Next? Draft Connect SoCal & PEIR Release Connect SoCal Public Comment Period Connect SoCal PEIR Public Comment Period Elected Official Workshops Public Hearings Final Adoption of Connect SoCal & PEIR Nov. 2019 Dec. 2019 - Jan. 2020 Nov. 2019 - Jan. 2020 Dec. 2019 April 2020 VIEW THE DRAFT CONNECT SOCAL PLAN www.connectsocal.org/draft SHARE YOUR FEEDBACK www,con nectsoca Lorg/feed back — � Looking Ahead 33 SCAG�M fflOVATINO FOR A 8ETTER TOMORROW NECT ThankY U ! Cal Learn more by visiting www.connectsocal.org SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS • C NNEC*-� S� Ca NOVEMBER 2019 C N N E C T♦ COUNTY LOS ANGEL S COUNTY S Cal 41 A PLAN SUMMARY ORANGE NOVEMBER 2019 COUNTY connectsocal.org MAKING CONNECTIONS SAN BERNARDINO COUNTY RIVERSIDE COUNTY WHAT IS CONNECT SOCAL? As a metropolitan planning organization -the largest in the nation - SCAG is responsible for developing long-range transportation plans and a Sustainable Communities Strategy for a vast and varied region, which includes the counties of Imperial, Los Angeles, Orange, Riverside, San Bernardino and Ventura. The centerpiece of that planning work is Connect SoCal, our 2020-2045 Regional Transportation Plan/Sustainable Communities Strategy (RTP/SCS). HOW WAS THIS PLAN DEVELOPED? Connect SoCal embodies a collective vision for the region's future. SCAG engaged with local, state and federal agency partners when developing this plan. Through many collaborative initiatives SCAG was able to better understand existing conditions in the region, building a foundation for planning to how to accommodate growth and direct future transportation investments. The Plan details the challenges facing our region, our shared goals and transportation and land use strategies and how we intend to realize them. WHY CREATE THIS PLAN? Connect SoCal is an important planning document for the region, allowing public agencies who implement transportation projects to do so in a coordinated manner, while qualifying for federal and state funding. SCAG is required by federal law to prepare and update a long- range regional transportation plan, keep up with Clean Air Act requirements, monitor system performance, develop a sustainable communities strategy, and strategy to achieve greenhouse gas reduction targets set by the California Air Resources Board (ARB). CURRENT & FUTURE TRENDS IN THE REGION In order to create a plan for the future, Connect SoCal projects growth in employment, population, and households at the regional, county, city, town and neighborhood levels. These projections take into account economic and demographic trends, as well as feedback reflecting on -the -ground conditions from SCAG's member jurisdictions. Similar to what's happening at a national level, the population growth rate has slowed and an increasing share of Baby N Boomers are retiring. Since most Millennials -the generation born between years 1982 and 1996 - entered AG5+ adulthood during the recession, difficulties in securing stable employment have caused many of them to lag behind previous generations in building lifetime wealth. During this time, Millennials were less likely than previous generations to form a family, move out of their parents' homes to form a household, or purchase their own homes. This has had the effect of increased demand and higher prices in the rental housing market, since many would-be homeowners lacked the income to buy. At the same time, California is in the midst of a long- term structural housing shortage and affordability crisis. The housing crisis is a two-part problem - a shortage of housing and a lack of affordability. The region's housing supply has not kept up with population growth. From 2006 to 2016, an additional 930,000 people called Southern California home. But over a comparable period, only one new housing unit was created for every 3.32 persons added. Many areas in Riverside and San Bernardino Counties were appealing for development due to the availability of lower priced land, which attracted new residents looking for larger or lower priced housing. Jobs, however, did not follow in proportion to housing unit growth in these communities. As a result, residents of the Inland Empire had to travel longer distances on average than other Southern Californians to reach theirjobs, increasing congestion, automobile dependency, greater wear and tear on our roads, increasing traffic collisions, air pollution, and limiting the effectiveness of public transit. As our communities continue to expand, vital habitat lands face severe development pressure. The diverse natural and agricultural landscapes of Southern California are a valuable asset to the region and its residents. The region's desert, mountain and coastal habitats have some of the highest concentrations of native plant and animal species on the planet. These areas support a robust economy, provide clean drinking water, protect the air and host countless recreation activities. PROJECTED REGIONAL GROWTH 2016 2045 th 6M +1.6M 7.6m HOUSEHOLDS el,l 0.1 ririr� 0 0 18.9M +3.6M 22.5M POPULATION 41tot 8AM +1.6M 10M EMPLOYMENT HOW WE TRAVEL TODAY TO/FROM: TO/FROM: TO/FROM: WORK SCHOOL SHOPPING SINGLE OCCUPANCY 72.2% 9.0% 3 5.3% VEHICLE HIGH OCCUPANCY 20.3% 63.7% 51.5% VEHICLE TRANSIT 3.2% 10.1% 2.9% BIKE (9 0.8% 1.3% 1.6% • WALK AAat 3.4% 15.9% 8.8% CHALLENGES IN THE REGION 100 HRS/YR � Time Average Motorist Spends Stuck in Traffic .. ~15% of Bridges on NHS nre in Poor Condition 0 21% Farm Land Lost since 1984 $21AB Annual Cost of Treating Chronic Disease heart disease, strokes, chronic lower respiratory disease & diabetes 19500 0 Traffic Fatalities Annually could adversely impact traditionally underserved communities 78% of Residents in Flood Hazard Zones are Minority CORE VISION Rooted in past Regional Transportation Plan/Sustainable Communities Strategy (RTP/SCS) plans, Connect SoCal's "Core Vision" centers on maintaining and better managing the transportation network we have for moving people and goods, while expanding mobility choices by locating housing, jobs and transit closer together and increasing investment in transit and complete streets. SCAG's Core Vision include: DEMAND & SYSTEM MANAGEMENT Better managing the existing transportation system through demand management strategies and Intelligent Transportation Systems (ITS) yields significant mobility benefits in a cost-effective manner. PROGRESS SINCE 2016 The 1-210 Integrated Corridor Management Pilot, a first of its kind in Southern California, integrates management and operation of the freeway with, nearby arterials and local transit using real-time monitoring of travel conditions, and improved corridor -wide collaboration to re -direct vehicles during congestion causing incidents. The California Road Charge Pilot Program is a statewide effort to test the functionality, complexity and feasibility of a road charge system for transportation funding. The pilot demonstrated the feasibility for a variety of technologies to facilitate mileage reporting methods and data collection. Coupled with carefully designed incentives, a road charge is a powerful tool for reducing congestion and supporting our sustainability goals. In 2018, the Metro board signaled a major change in direction for the former 1-710 North capacity project by approving an alternative that focuses on TDM/ TSM strategies in this corridor. GOODS MOVEMENT PLANNING FOR 2045 Connect SoCal increases investment and strengthens policy levers to optimize system performance while realizing greenhouse gas reduction, quickly and efficiently. New strategies resulting from SCAG's TDM Strategic Plan provide an objectives -driven, performance - based process to identify and promote TDM strategies and programs across the region. SCAG will pursue implementation of these strategies in coordination with regional and local partners. SCAG will pursue research and planning as autonomous vehicles emerge in the market, transforming system management opportunities. The efficient movement of goods is critical to a strong economy and improves quality of life in the SCAG region by providing jobs and access to markets through trade. However, increased volumes of goods moving across the transportation system contribute to greater congestion, safety concerns and harmful emissions. It is critical to integrate land use decisions and technological advancements to minimize environmental and health impacts while fostering continued growth in trade and commerce. PROGRESS SINCE 2016 Adoption of the Clean Air Action Plan Update in 2017. Since inception in 2006, the Ports have reduced air pollution from harbor trucks alone by more than 90 percent. Selection of a Locally Preferred Alternative for the 1-710 South Recirculated Draft EIR/ Supplemental Draft EIS. Twenty-five regional grade separations have been completed and opened to traffic, reducing delays and emissions from idling vehicles, and addressing noise and safety concerns. Near completion of the Gerald Desmond Bridge (completion 2020). Expansion of the international POE in Calexico PLANNING FOR 2045 Connect SoCal includes expanded railyards, additional mainline railroad tracks, grade separations, improved port terminals and truck bottleneck relief projects, including dedicated truck lanes. Connect SoCal addresses drivers of change such as e-commerce, new technologies, shifts in trade policies, last -mile delivery and the move to a near - zero and zero -emissions system. COMPLETE STREETS Creating"complete streets" that are safe and inviting to all roadway users is critical to increasing mobility choices, reducing traffic fatalities and serious injuries and meeting greenhouse gas reduction targets. PROGRESS SINCE 2016 In December 2018, the City of Santa Anta opened its first protected bikeway, or cycletrack. The pro ect, funded by OC Go (Orange County Measure M�, features a 6-foot wide bikeway protected from vehicle traffic by a landscaped median. About 55 percent of the surrounding community doesn't have access to a car. Santa Ana has been awarded about $45 million in grant funding for projects like this one that improve safety for people walking and biking. In the City of Los Angeles, the Mobility Plan 2035 advances the complete streets concept beyond a single project by prioritizing multi -modal networks including a Bicycle Enhanced Network, Transit Enhanced Network, Vehicle Enhanced Network and Pedestrian Enhanced Districts. SYSTEM PRESERVATION & RESILIENCE PLANNING FOR 2045 Connect SoCal invests in local streets and arterials and anticipates continued success in securing grant funds for regionally significant projects through programs like the California Active Transportation Program (ATP). By expanding, complete streets concepts to accommodate and optimize new technologies and micro -mobility devices, first -last mile connections to transit and curbside management strategies, the region will achieve even greater mode shift and reductions in VMT. SCAG's Go Human campaign and planning resources, like the Regional High Injury Network and upcoming curbside management study, help local agencies implement complete streets projects and policies. "Fix -It First" has been a guiding principle for prioritizing transportation funding in the regional transportation plan for the last decade. The cost of rebuilding roadways is eight times more than preventative maintenance. Thus, a commitment to preservation reflects the fiscal responsibility that is a priority of the plan. PROGRESS SINCE 2016 Passage of SB-1 in California in 2017 provides much needed infusion of funding to address these challenges. More specifically, SB-1 is expected to generate over $52 billion statewide over the next ten years dedicated primarily to Road Maintenance and Rehabilitation. Most of the new sources that make up SB-1 are indexed to CPI so that the funds keep pace with inflation moving forward. Three roadway improvement/rehabilitation projects, including bridge improvement have already been programmed. TRANSIT BACKBONE PLANNING FOR 2045 Given the magnitude of our need, and to and enhance resilience in light of climate change, Connect SoCal continues to prioritize funding for system preservation. The plan includes $68 billion towards preservation, operation and resiliency needs of the state highway system, and $20.813 billion towards preservation, operation and resiliency needs of the local roads. SCAG will continue to collaborate with federal, state and local partners to monitor the conditions of transportation assets and pursue new research and partnerships to ensure plan resources are deployed to address the region's greatest vulnerabilities. Expanding the transit network and fostering development in transit -oriented communities is central to the region's plan for meeting mobility and sustainability goals while continuing to grow the regional economy. PROGRESS SINCE 2016 Major urban rail projects under construction: Metro Rail Regional Connector and Crenshaw/LAX lines • OC Streetcar • Arrow / Redlands Rail Metrolink achieved record ridership levels in fiscal year 2018-2019, almost 12 million annual hoardings. Regional agencies have committed to major bus system redesigns including OC Bus 360 and the Metro NextGen Bus Study. Microtransit pilots and partnerships with Transportation Network Companies are being implemented to provide additional options connecting to fixed route transit and rail. PLANNING FOR 2045 Connect SoCal builds upon extensive local investment in the transit and rail network by increasing resources for frequent and reliable bus service and closing gaps in the fixed guideway system. Regional collaboration to implement Metrolink's Southern California Optimized Rail Expansion (SCORE) and complete the Link Union Station (LinkUS) to transform Los Angeles Union Station from a "stub - end" station, to a "run-through" will reduce rail travel times across the system and allow one -seat rides to many more destinations. SCAG supported plans and pilot projects to address first -last mile challenges will be essential to improving the transit experience and expanding access to jobs and destinations. CORE VISION: SUSTAINABLE DEVELOPMENT VENTURA COUNTY 0 0 0 Cpr.lo p PACIFIC OCEAN OJOB CENTERS a PRIORITY GROWTH AREAS • ENTITLED PROJECTS* • INCORPORATED AREAS • SPHERES OF INFLUENCE* SAN BERNARDINO COUNTY Apple �1 LOS ANGELES p va O COUNTY is O F0 0 0 OODO p p .- 0-00 o 0 O 0 ° Co 0 °0 O p o O o 0 r� ° 0 0 p r p �a O ° C r' O 0 O � ;. ORANGE ` COUNTY O ------------- �i Miles 0 10 20 40 *Excludes absolute constrained areas Source: County Transportation Commissions, LAFCO, Local Jurisdictions in SCAG region, SCAG, 2019 el a f ,• t IMPERIAL COUNTY I` I� I p o `.--�- ��f +f Through our continuing efforts to better align transportation investments and land use decisions, we strive to improve mobility and reduce greenhouse gases by bringing housing, jobs and transit closer together. PROGRESS SINCE 2016 From 2008 to 2016,71 percent of the region's household growth and 77 percent of the region's job growth occurred in Connect SoCal's priority growth areas. During this same period, only 11 percent of the region's household growth and five percent of the job growth occurred on prime farmland, and in areas vulnerable rising seas. PLANNING FOR 2045 From 2016 to 2045, 68 percent of new households and 79 percent of new jobs will occur in priority growth areas. During this same period, roughly 11 percent of new households and 9 percent of new jobs will occur in absolute constraint areas. SCAG's Sustainable Communities Program supports planning in local jurisdiction to advance the regional growth vision. In addition, new regional data tools, like the Regional Data Platform, will help local jurisdictions identify areas well suited for infill and redevelopment as well as natural and farm lands to be preserved. Studies and partnerships to establish Regional Advanced Mitigation Program (RAMP) will also be pursued to preserve habitat. KEY CONNECTIONS Connect SoCal's "Key Connections" augment the Core Vision of the plan to address trends and emerging challenges while "closing the gap" between what can be accomplished through intensification of core planning strategies alone and what must be done to meet increasingly aggressive greenhouse gas reduction goals. These Key Connections lie at the intersection of land -use, transportation and innovation, aiming to coalesce policy discussions and advance promising strategies for leveraging new technologies and partnerships to accelerate progress on regional planning goals. The Key Connections include: 71I TELEWORKING E-GOVERNMENT TELEMEDICINE SMART CITIES & JOB CENTERS The Smart Cities and Job Centers strategy aims to catalyze investments across sectors to make "virtual access" a cost- effective and reliable option for all types of trips, expanding the air quality, congestion and VMT reduction benefits the region already realizes through teleworking. Smart Cities connect people, vehicles and infrastructure, allowing them to communicate in "real-time" through regional telecommunications networks. While Smart Cities strategies can be deployed universally, virtual access is particularly beneficial in rural communities where destinations are far apart. Connect SoCal also envisions intensified deployment in sub -regional job centers to encourage more growth of both jobs and housing in areas with already high employment density. Strengthening these locally significant employment centers allows the region to capitalize on the economic and mobility benefits of compact development, where housing and jobs are closer together. This strategy builds upon promising trends in "co -working" to promote alternatives for long-distance commuters who prefer not to telecommute. It incorporates transit demand management (TDM) measures that encourage carpooling and transit, and parking strategies that reduce the cost to build new employment facilities within job centers. HOUSING SUPPORTIVE INFRASTRUCTURE The extraordinary cost of producing housing is a significant barrier to growth throughout Southern California, but also specifically, to achieving the level of infill and transit -oriented development anticipated in Connect SoCal. The Regional Housing Supportive Infrastructure strategy will help make it quicker for local jurisdictions to produce critically -needed housing. The costs of building parking, and sewer/water infrastructure through Development Fees can range from 10% to nearly 25% of construction costs. By implementing tax -increment finance districts, jurisdictions can plan and implement housing supportive infrastructure. With the increase in use of ridesourcing, right -sizing parking strategies, enabled by technology, can reduce the overall cost of housing construction in Connect SOCaI's Priority Growth Areas. r jv II WHICH OPTION i WOULD1 ' FOR ME OD II o0 I ®� GO ZONES Go Zones are geographic areas where a suite of mobility service options are provided together with incentives to reduce dependency on personal automobiles. This expanded mobility ecosystem can include increased transit, bike share, enhanced active transportation infrastructure, and incentives —such as a fee on solo driving during peak traffic periods. Incentives would encourage the use of shared modes or shift less time sensitive trips to off-peak times. Revenues collected from the fee would be used to fund local transportation improvements and support sustainability goals by contributing to reductions in GHG emissions. Go Zones can be designed with policies and discounts that address equity concerns and promote mobility options for commuters of various income levels. ACCELERATED ELECTRIFICATION The Accelerated Electrification strategy offers a holistic and coordinated approach to de -carbonizing or electrifying passenger vehicles, transit and goods movement vehicles. Through greater coordination and deeper collaboration, this strategy aims to go beyond benefits achieved through state mandates alone. In the light -duty sector, Connect SoCal plans for greater incentives to increase sales of electric vehicles and strategies to increase the availability of charging infrastructure. Electric vehicles (EVs) currently make up only seven percent of new car sales, but the growth is healthy: In 2013 EVs made up just 2.4 percent of all new car sales statewide. For transit, in 2018 the California Air Resources Board voted to mandate purchases of electric buses. We can facilitate that process by working with transit agencies to ensure adequate charging stations and electricity rates. In the goods movement sector, the goal is to achieve a zero -emissions system, fostering early adoption of near -zero -emissions technologies. SHARED MOBILITY & MOBILITY AS A SERVICE The future of transportation, like so many aspects of living in our region, will be shaped by technology and the ability to customize our choices. The rise of shared mobility and mobility as a service will allow residents choose how to travel, depending on the time, distance or goal of their trip."Shared mobility" refers to a broad range of transportation options, such as rental e-scooters and e-bikes, ridesourcing services like Uber and Lyft, and on -demand app-based transit connections provided by vans and shuttles. "Mobility as a service," or MaaS, allows travelers to research and compare different transportation options from one screen and plan their trip accordingly. MaaS will also allow the traveler to book and pay for different segments of a multi -modal trip with one click. This will make it increasingly critical that dense urban areas manage their curb space smartly, in order to ensure safe access for low -speed modes, ridesourcing providers, parking and local deliveries. FINANCING THE PLAN The financially constrained Connect SoCal includes both a "traditional" core revenue forecast comprised of existing local, state, and federal sources, and more innovative but reasonably available sources of revenue to implement a program of improvements that keeps people and goods moving. The financial plan further documents progress made since past RTPs and describes steps we can take to obtain needed revenues to implement the region's transportation vision. The financial plan highlights the importance of finding new and pioneering ways to pay for transportation, including an ever-expanding backlog of projects necessary to preserve our existing transportation system. Nationally, we continue to face an insolvency crisis with the Federal Highway Trust Fund (HTF), which is funded by excise taxes on fuel. The federal gas tax remains unchanged since 1993, and fuel tax receipts have declined precipitously as fuel efficiency has increased. California's passage of the Road Repair and Accountability Act of 2017 (Senate Bill 1) provides a significant influx of new state revenue through a state gas tax increase and other transportation fees, yet only a fraction of our needs is funded through state sources. Furthermore, these fees do not completely address the erosion of purchasing power as construction costs are rising faster than the general inflation rate. Our region continues to rely heavily on local sources of tax revenue. Eight sales tax measures in the region are the key reason that local sources generate 61 percent of core revenues for transportation improvements. Our region's success in providing local sources of transportation funding also increases our ability to secure federal and state funding that requires local contribution. The SCAG region's financially constrained Connect SoCal plan includes revenues from both core and reasonably available revenue sources, which together total $638.6 billion from FY2020- 21 through FY2044-45. Connect SoCal expenditures on capital projects total $287 billion in nominal dollars. Operating and maintenance (O&M) costs total $316 billion, while debt service obligations total $35.6 billion. Transit - related costs comprise the largest share of O&M costs for the region, totaling $173.9 billion. Federal guidelines permit the inclusion in the financial plan of revenues that are reasonably available. Further, the Plan includes strategies for ensuring the availability of these sources. The region's reasonably available revenues include new sources CONNECT SOCAL EXPENDITURES WN Capital Projects 6% Debt Service $638.6 »% O&M State Highways Billion Total 27% O&M Transit 4% O&M Passenger Rail 7% O&M Regionally Significant Local A�_ Streets & Roads of transportation funding likely to materialize within the Connect SoCal timeframe. These sources include: • Adjustments to the existing federal gas tax rate • Replacement of existing state and federal gas excise taxes with more direct mileage -based user fees • Federal credit assistance and bond proceeds • Private equity participation • A local road charge program • Value capture strategies • A per -mile charge for Transportation Network Companies (e.g. Uber and Lyft) It is vital that we find new ways to make transportation funding more sustainable in the long-term, and efforts are underway to explore how we can transition from our current system, based on fuel taxes, to a more direct system of user fees linked to how people travel. User fees can support our infrastructure needs and promote a more balanced transportation system by encouraging residents and visitors to consider their travel choices. User fees can be structured and implemented to advance environmental, economic and equity goals, including reducing congestion and vehicle miles traveled (VMT), while encouraging active transportation and transit ridership.goals, including reducing congestion and vehicle miles traveled (VMT), while encouraging active transportation and transit ridership. (10) Connect SoCal CORE REVENUE FORECAST Core Revenues (in Nominal Dollars) $499.3 Billion Total 61% Local 31% State 8% Federal Core Revenues by County (in Nominal Dollars) 176 Imperial 65% Los Angeles 16% Orange 8% Riverside 7% San Bernardino 3% Ventura NEW REVENUE SOURCES TO FILL FUNDING GAP $139.4B-------- Funding Gap $302.8B , $638.6 $41.1B Core Local Billion Total Core Federal $155.4B Core State $2.7B Federal Gas Excise Tax Adjustment to Maintain Historical Purchasing Power $42.7B Mileage -Based User Fee (Replacement) $2.2B Federal Credit Assistance; Bond Proceeds $6.3113 Private Equity Participation $77.8B Local Road Charge Program $3.0B Value Capture Strategies $4.7B Transportation Network Company Mileage -Based Fee PlanSummary............................................................ BENEFITS OF PLAN IMPLEMENTATION Connect SoCal generates substantial benefits for the SCAG region, contributing meaningfully toward achievement of our regional goals for sustainability, transportation equity, improved public health and safety, and enhancement of overall quality of life in Southern California. Some of the Connect SoCal performance results include: • Increase the combined percentage of work trips made by carpooling, active transportation, and public transit by four percent, with a commensurate reduction in the number of commuters traveling by single -occupancy vehicle • Reduce VMT per capita by four percent and vehicle hours traveled per capita by nine percent (for automobiles and light/medium-duty trucks) as a result of more efficient land use strategies and improved regional transit service • Increase transit use for work trips by three percent, as a result of improved transit service and more transit - oriented, mixed -use development • Reduce travel delay per capita by 22 percent • Create more than 195,000 new jobs annually due to enhanced economic competitiveness and improved overall regional economic performance. This more competitive economic environment would be the result of an improved regional transportation system and reduced levels of congestion • Reduce greenfield development by 36 percent. Conservation of open space and agricultural lands are achieved by focusing new residential and commercial development in higher density areas already equipped with the requisite urban infrastructure. • Increase the share of new regional household growth occurring in High Quality Transit Areas (HQTAs) by nearly 10 percent, and increase the share of newjob growth in HQTAs by about 24 percent. With more people living and working in locations near convenient and efficient transit options, congestion levels will be reduced accordingly. Connect SoCal prioritizes the attainment of all applicable federal and state performance requirements. The Plan meets all federal provisions for transportation conformity as defined under the federal Clean Air Act and therefore demonstrates transportation conformity. Connect SoCal achieves per capita GHG emission reductions relative to 2005 levels of eight percent in 2020, and 19 percent in 2035, thereby meeting the GHG reduction targets established by the California Air Resources Board (ARB) for the SCAG region. IMPROVED PUBLIC HEALTH HEALTHCARE $35OMANNUAL SAVINGS from increased walking/biking IMPROVED AIR QUALITY PMZ 5 EMISSIONS ' 13 ■ 0 tons 1 2 ■ 5 tons TREND PLAN GHG REDUCTIONS ARB TARGET CONNECT SOCAL % DIFFERENCE 2020 8% 8% 0% 2035 19% 19% 0% ECONOMIC OPPORTUNITY BENEFIT/COST RATIO $1.00 = $1.54 INVESTMENT BENEFIT 12 Connect SoCal ..... LESS TIME SPENT DRIVING DAILY VEHICLE MILES TRAVELED (VMT) PER CAPITA BASELINEBASE YEAR t 23.2 21.9:� 21.0 .71LE !�� CMILES 6:m�, LE �]A Baseline to Plan Base Year to Plan Comparison Comparison - 4.1% - 9.5% REDUCED DAILY MINUTES OF DELAY PER CAPITA 2016 L 2045 2045 BASE YEAR BASELINE PLAN 10.5 11.6 9.0 MINUTES MINUTES MINUTES Baseline to Plan Base Year to Plan Comparison Comparison -22.4% -14.1% 1679100*9 1959500* SUPPORTED BY SUPPORTED BY TRANSPORTATION IMPROVED INVESTMENTS COMPETITIVENESS PlanSummary .................................................... LOCATION EFFICIENCY HIGH QUALITY TRANSIT AREA HOUSEHOLD GROWTH SHARE . 44.6% 54.1% TREND PLAN HIGH QUALITY TRANSIT AREA EMPLOYMENT GROWTH SHARE ' 46.3% 70.6% TREND PLAN RURAL LAND CONSUMPTION ' 101 MILES 6 5 I ES TREND PLAN I I I SAVED IN ANNUAL © HEALTHCARE EXPENDITURE arv.$350M *Preliminary Projections I,_ SCoAGTM INNOVATING FOR A BETTER TOMORROW MAIN OFFICE 900 Wilshire Blvd., Ste. 1700 Los Angeles, CA 90017 Tel: (213) 236-1800 REGIONAL OFFICES IMPERIAL COUNTY 1405 North Imperial Ave., Ste.104 El Centro, CA 92243 Tel: (760) 353-7800 ORANGE COUNTY OCTA Building 600 South Main St., Ste. 741 Orange, CA 92868 Tel: (714) 542-3687 RIVERSIDE COUNTY 3403 10th St., Ste. 805 Riverside, CA 92501 Tel: (951) 784-1513 SAN BERNARDINO COUNTY Santa Fe Depot 1170 West 3rd St., Ste. 140 San Bernardino, CA 92410 Tel: (909) 806-3556 VENTURA COUNTY 4001 Mission Oaks Blvd., Ste. L Camarillo, CA 92418 Tel: (805) 642-2800 C NNECT S. Cal A PLAN SUMMARY NOVEMBER 2019 connectsocal.org I.. PLEASE RECYCLE 2907 2019.11.20 AGENDA ITEM 11 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: December 11, 2019 TO: Riverside County Transportation Commission FROM: Lisa Mobley, Clerk of the Board THROUGH: Anne Mayer, Executive Director SUBJECT: Election of Riverside County Transportation Commission Officers and Appointment of Executive Committee Members STAFF RECOMMENDATION: This item is for the Commission to conduct an election of officers for 2020 — Chair, Vice Chair, and Second Vice Chair. BACKGROUND INFORMATION: Election of Officers In accordance with the Administrative Code, the Commission must annually hold an election of officers at its first meeting in December. The changes will be effective on January 1 of the following year. The officers of the Commission shall consist of the Chair, Vice Chair, and Second Vice Chair. At its October 9, 2013 meeting, the Commission adopted an amendment to the Administrative Code to modify the officer rotation procedure. Rather than requiring the city and county members alternate every year in the officer positions, the new policy requires there be at least one Supervisor and one city councilmember among the three officer positions at all times. For 2019, Chuck Washington served as Chair, Ben J. Benoit as Vice Chair, and Jan Harnik as Second Vice Chair. For 2020, the Second Vice Chair shall be a regular member of the Commission representing the Riverside County Board of Supervisors. Additionally, appointing a second vice chair from the Board of Supervisors will result in the remainder of the Board of Supervisors being appointed to the Executive Committee to satisfy the requirement of three Supervisorial appointees to the Executive Committee. Attachments: 1) List of Past Commission Chairs 2) Administrative Code Excerpt Election of Chair, Vice Chair and Second Vice Chair Agenda Item 11 399 ATTACHMENT 1 RIVERSIDE COUNTY TRANSPORTATION COMMISSION COMMISSION CHAIRS 2019 Chuck Washington County of Riverside — District 3 2018 Dana Reed City of Indian Wells 2017 John F. Tavaglione County of Riverside — District 2 1998 Bob Buster County of Riverside — District 1 2016 Scott Matas City of Desert Hot Springs 1997 Bob Buster County of Riverside — District 1 2015 Daryl R. Busch City of Perris 1996 Alex Clifford City of Riverside 2014 Marion Ashley County of Riverside — District 5 1995 Alex Clifford City of Riverside 2013 Karen Spiegel City of Corona 1994 Corky Larson County of Riverside — District 4 2012 John J. Benoit County of Riverside — District 4 1993 Al Lopez City of Corona 2011 Greg Pettis City of Cathedral City 1992 Al Lopez City of Corona 2010 Bob Buster County of Riverside — District 1 1991 Kay Ceniceros County of Riverside — District 3 2009 Bob Magee City of Lake Elsinore 1990 Kay Ceniceros County of Riverside — District 3 2008 Jeff Stone County of Riverside — District 3 1989 Jack Clarke City of Riverside 2007 Terry Henderson City of La Quinta 1988 Don Baskett City of Hemet 2006 Marion Ashley County of Riverside — District 5 1987 Melba Dunlap County of Riverside — District 2 2005 Robin Lowe City of Hemet 1986 Jean Mansfield City of Riverside 2004 Roy Wilson County of Riverside — District 4 1985 Susan Cornelison Public Member 2003 Ron Roberts City of Temecula 1984 Susan Cornelison Public Member 2002 John Tavaglione County of Riverside — District 2 1983 Roy Wilson City of Palm Desert 2001 Will Kleindienst City of Palm Springs 1982 Norton Younglove County of Riverside — District 5 2000 Tom Mullen County of Riverside — District 5 1981 Jean Mansfield City of Riverside 1999 Jack van Haaster City of Murrieta 1980 Donald Schroeder County of Riverside — District 2 1979 Donald Schroeder County of Riverside — District 2 1978 Russell Beirich City of Palm Springs 1977 Russell Beirich City of Palm Springs WE ATTACHMENT 2 EXCERPT FROM THE COMMISSION'S ADMINISTRATIVE CODE, ARTICLE III, SECTION B B. ELECTION OF CHAIR, VICE CHAIR AND SECOND VICE CHAIR. The Commission annually, at its first meeting in December, and at such other times as there may be a vacancy in either office, shall elect a Chair who shall preside at all meetings, a Vice Chair who shall preside in the absence of the Chair, and a Second Vice Chair who shall preside in the absence of the Chair and the Vice Chair. The Chair, the Vice Chair, and the Second Vice Chair shall be elected by the Commission at its first meeting in December for a one-year term. The changes will be effective on January 1. The election for each position is as follows: 1. At the start of the agenda item, Commission Board members may nominate one or more regular members to fill the positions of Chair, Vice Chair, and Second Vice Chair. Each nomination must be seconded in order to qualify that member for the election. Only those members nominated and seconded shall be part of the selection process set forth below. 2. If no objections are made, the nominations will be closed when the Chair makes a formal announcement closing the nomination period. 3. If only one nomination is received for a position, the Chair shall call on the Commission's Board of Director's to approve the nomination. If more than fifty (50%) percent of the votes cast approve that nominee, the nominee shall be elected and the election for that position shall be consider complete. If the nominee fails to obtain more than fifty percent (50%) of votes cast by the Board, the process for electing a member to the desired position shall begin again from paragraph 1. 4. If two nominations are received for a position, the Chair shall call for the Commission's Board of Director's to cast votes for one of the nominees. Both nominees shall be voted on using a single written ballot. If one of the nominees receives more than fifty percent (50%) of the votes cast, that nominee shall be elected and the election for that position shall be considered complete. If the election fails to result in a nominee with more than fifty percent (50%) of the vote, the nominee with the most votes will be placed before the Commission's Board of Directors for approval. The nominee must be approved by more than fifty percent (50%) of the votes cast by the Board in order to be elected to the desired position. If the nominee fails to obtain more than fifty percent (50%) of the Board's vote, the process for electing a person to the desired position shall begin again from paragraph 1. 5. If there are more than two nominees, the following steps shall be followed in the order set forth below: (a) The Chair shall call for the Commission's Board of Directors to cast votes for one of the nominees. All nominees shall be voted on using a single written ballot. If one nominee receives more than fifty percent (50%) of the votes cast that nominee shall be elected and the election for that position shall be considered complete. If the vote fails to result in a nominee receiving more than fifty percent (50%) of the votes cast, the two nominees with the most votes will be placed in a runoff election. 401 (b) The winning nominee in the runoff election is selected if that nominee receives more than fifty percent (50%) of the votes cast. In that case, the election for that position shall be considered complete. (c) If the runoff election fails to result in a nominee with more than fifty percent (50%) of the vote, the nominee with the most votes will be placed before the Commission's Board of Directors for approval. (d) If the nominee receives more than fifty percent (50%) of the votes cast, the nominee shall be elected and the election for that position shall be considered complete. (e) If the nominee placed before the Commission's Board of Directors fails to obtain more than fifty percent (50%) of the votes cast, the process for electing a person to the desired position shall begin again from Paragraph 1, above (f) If there is a tie in any step in the election process and the next step of the process cannot proceed, then one or more tie -breaking votes will occur in which all members of the Commission's Board of Directors present at the meeting will be allowed to vote again. The winning nominee must receive more than fifty percent (50%) of the votes cast to be elected. At any point the Commission may vote to suspend the vote until a subsequent meeting. If the Chair has been selected prior to the vote to suspend, the new Chair shall be seated when his or her term commences, but shall relinquish his or her seat as the Vice Chair if applicable. If the Chair and Vice Chair have been selected prior to the vote to suspend, the new Vice Chair shall also seated when his or her term commences, but shall relinquish his or he seat as Second Vice Chair, if applicable. The tally of all votes taken by written ballot hereunder shall be read aloud by the Clerk of the Board immediately following the vote. The written ballots shall be retained by the Clerk of the Board as part of the public record of the meeting. The Chair, the Vice Chair, and the Second Vice Chair shall regularly alternate between regular members of the Commission representing a city and a regular member of the Commission who is a member of the Riverside County Board of Supervisors. At all times, at least one of three officer slots — Chair, Vice Chair, or Second Vice Chair — shall be held by a member of the Riverside County Board of Supervisors. During the time in which the Chair is a regular member of the Commission representing a city, either the Vice Chair or the Second Vice Chair, or both, shall be a regular member of the Commission who is a member of the Riverside County Board of Supervisors. During the time in which the Chair is a regular Commission member who is a member of the Riverside County Board of Supervisors, either the Vice Chair or the Second Vice Chair, or both, shall be a regular member of the Commission representing a city in order to ensure the participation of both city and county representatives in leadership positions. 402 RIVERSIDE COUNTY TRANSPORTATION COMMISSION ROLL CALL DECEMBER 11, 2019 Present Absent O County of Riverside, District I County of Riverside, District II 0 County of Riverside, District III 2r 0 County of Riverside, District IV 0111' D County of Riverside, District V City of Banning 0 City of Beaumont City of Blythe or O City of Calimesa City of Canyon Lake City of Cathedral City ,� O City of Coachella kY 0 City of Corona O City of Desert Hot Springs O City of Eastvale O City of Hemet 12r O City of Indian Wells J:3--, 0 City of Indio 01' 0 City of Jurupa Valley 10' 0 City of La Quinta D 0 City of Lake Elsinore ,� O City of Menifee 0 City of Moreno Valley 0 City of M u rrieta 0 City of Norco Ja" O City of Palm Desert O City of Palm Springs ,� 0 City of Perris 0 City of Rancho Mirage O City of Riverside O City of San Jacinto 0 City of Temecula 0 City of Wildomar ,� O Governor's Appointee, Caltrans District 8 173 RIVERSIDE COUNTY TRANSPORTATION COMMISSION COMMISSIONER SIGN -IN SHEET DECEMBER 11, 2019 NAME AGENCY E—MAIL ADDRESS / �r-rra co -ef lcs C9,1 A V/ A 5v i i o vah f-vq 64, "snn ufi�l C A L M05 CA y> �� V, L_ `D25egl_- 14- f4 > J tom I ft- )f Tara Byerly From: Tara Byerly Sent: Wednesday, December 04, 2019 1:09 PM To: Tara Byerly Cc: Lisa Mobley Subject: RCTC: December Commission Agenda - December 11, 2019 Good afternoon Commission Alternates, The December Agenda for the Commission meeting scheduled for Wednesday, December 11, 2019 @ 9:30 a.m. is now available. https://www.rctc.org/wp-content/uploads/2019/l2/December-Commission-Agenda.pdf Please note that this agenda package is quite large due to attachments for several consent calendar items. Attached is a link to the full agenda and we have also attached separate pdfs for the two discussion items for your convenience. Please copy the link: place link here I!) in Discussion Item Discussion Item 9.pdf 8.pdf Respectfully, Tara Byerly Deputy Clerk of the Board Riverside County Transportation Commission 951.787.7141 W 1951.787.7906 F 4080 Lemon St. 3rd FI. I P.O. Box 12008 Riverside, CA 92502 rctc.ora f V in 0 1 Tara Byerly From: Tara Byerly Sent: Wednesday, December 04, 2019 1:06 PM To: Tara Byerly Cc: Lisa Mobley; Anne Mayer; JOHN STANDIFORD Subject: RCTC: December Commission Agenda - December 11, 2019 Good afternoon Commissioners, The December Agenda for the Commission meeting scheduled for Wednesday, December 11, 2019 @ 9:30 a.m. is now available. https://www.rctc.org/wp-content/uploads/`2019/12/December-Commission-Agenda.pdf Please note that this agenda package is quite large due to attachments for several consent calendar items. Attached is a link to the full agenda and we have also attached separate pdfs for the two discussion items for your convenience. Please copy the link: place link here LJ n Discussion Item Discussion item 9.pdf 8.pdf Also attached for your review and information is the conflict of interest memo and form. Let me know if you have any questions or concerns. Thank you. Conflict of Interest Memo.p... Respectfully, T Conflict of Interest Form.pdf Tara Byerly Deputy Clerk of the Board Riverside County Transportation Commission 951.787.7141 W 1951.787.7906 F 4080 Lemon St. 3rd FI. I P.O. Box 12008 Riverside, CA 92502 rctc.ora f V in 0 1 RIVERSIDE COUNTY TRANSPORTATION COMMISSION TO: Riverside County Transportation Commission FROM: Lisa Mobley, Clerk of the Board DATE: December 3, 2019 SUBJECT: G.C. 84308 Compliance — Potential Conflict of Interest California Government Code 84308 states a Commissioner may not participate in any discussion or action concerning a contract or amendment if a campaign contribution of more than $250 is received in the past 12 months or 3 months following the conclusion from a bidder or bidder's agent. This prohibition does not apply to the awarding of contracts that are competitively bid. The Commission's procurement division asks potential vendors to disclose any contributions made to the campaigns of any Commissioner as part of their submitted bid packets. As an additional precaution, those entities are included below in an effort to give Commissioners opportunity to review their campaign statements for potential conflicts. Please note the entities listed in this memo are not encompassing of all potential conflicts and are in addition to any personal conflicts of interest such as those disclosed on Statement of Economic Interests — Form 700 or prohibited by Government Code Section 1090. Please contact me should you have any questions. Agenda Item No 7J — Amendment with WKE, Inc. for the Interstate 15/Railroad Canyon Road Interchange Project in the City of Lake Elsinore Consultant(s): WKE, Inc. Carlos Cadena, Vice President 1851 E First Street, Suite 1400 Santa Ana, CA 92705