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03 March 8, 2006 Commission
RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEETING AGENDA TIME: 9:00 a.m. DATE: Wednesday, March 8, 2006 LOCATION: BOARD ROOM County of Riverside Administrative Center 4080 Lemon Street, First Floor, Riverside Commissioners Chairman: Marion Ashley 15L Vice Chairman: Terry Henderson 2' Vice Chairman: Jeff Stone Bob Buster, County of Riverside John F. Tavaglione, County of Riverside Jeff Stone, County of Riverside Roy Wilson, County of Riverside Marion Ashley, County of Riverside Barbara Hanna / Art Welch, City of Banning Roger Berg / Jeff Fox, City of Beaumont Robert Crain / Joseph DeConnick, City of Blythe John Chlebnik / Shenna Moqeet / Bill Davis, City of Calimesa Mary Craton / John Zaitz, City of Canyon Lake Gregory S. Pettis / Charles England, City of Cathedral City Juan M. DeLara / Richard Macknicki, City of Coachella Jeff Miller / Karen Spiegel, City of Corona Alex Bias / Yvonne Parks, City of Desert Hot Springs Robin Lowe / Lori Van Arsdale, City of Hemet Mary Roche / Robert Bernheimer, City of Indian Wells Michael H. Wilson / Gene Gilbert, City of Indio Terry Henderson / Don Adolph, City of La Quinta Bob Magee / Robert L. Schiffner, City of Lake Elsinore Frank West / Charles White, City of Moreno Valley Rick Gibbs / Douglas McAllister, City of Murrieta Frank Hall / Harvey Sullivan, City of Norco Dick Kelly / Robert Spiegel, City of Palm Desert Ronald Oden / Ginny Foat, City of Palm Springs Daryl Busch / Mark Yarbrough, City of Perris Ron Meepos / Alan Seman, City of Rancho Mirage Steve Adams, City of Riverside Jim Ayres/Chris Buydos, City of San Jacinto Ron Roberts / Jeff Comerchero, City of Temecula Mike Perovich, Governor's Appointee Eric Haley, Executive Director Hideo Sugita, Deputy Executive Director RECORDS 76185 Comments are welcomed by the Commission. If you wish to provide comments to the Commission, please complete and submit a Testimony Card to the Clerk of the Commission. 11.36.00 RIVERSIDE COUNTY TRANSPORTATION COMMISSION www.rctc.org AGENDA* *Actions may be taken on any item listed on the agenda 9:00 a.m. Wednesday, March 8, 2006 BOARD ROOM County of Riverside Administrative Center 4080 Lemon Street, First Floor, Riverside In compliance with the Americans with Disabilities Act and Government Code Section 54954.2, if special assistance is needed to participate in a Commission meeting, please contact the Clerk of the Board at (951) 787-7141. Notification of at least 48 hours prior to meeting time will assist staff in assuring that reasonable arrangements can be made to provide accessibility at the meeting. 1. CALL TO ORDER 2. PLEDGE OF ALLEGIANCE 3. ROLL CALL 4. PUBLIC COMMENTS (Items not listed on the agenda) 5. APPROVAL OF MINUTES - February 8, 2006 6. 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 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 fordiscussion at the end of the agenda.) • Riverside County Transportation Commission Agenda March 8, 2006 Page 2 7. CONSENT CALENDAR - All matterson 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. FISCAL YEAR 2004/05 TDA AND MEASURE A AUDIT RESULTS Page l Overview This item is for the Commission to receive and file the Transportation Development Act (TDA) and Measure A audit results report for the Fiscal Year 2004/05. 7B. TRANSPORTATION UNIFORM MITIGATION FEE (TUMF) FINANCING THROUGH STATEWIDE COMMUNITY INFRASTRUCTURE PROGRAM Page 15 Overview This item is for the Commission to approve in -concept the Commission's participation in the Statewide Community Infrastructure Program (SCIP). 7C. ANNUAL INVESTMENT POLICY REVIEW Overview This item is for the Commission to adopt the Updated Investment. Policy. 7D. QUARTERLY INVESTMENT REPORT Overview Page 28 Page 39 This item is for the. Commission to receive and file the Quarterly Investment Report for the quarter ended December 31, 2005. 7E. REQUEST FOR FUNDING ASSISTANCE FOR THE WESTERN RIVERSIDE COUNTY SPECIAL AREA MANAGEMENT PLAN Overview Page 50 This item is for the Commission to allocate $133,000 in State Transportation Improvement Program (STIP) Planning, Programming and Monitoring funds to assist in the completion of the Special Area Management Plan (SAMP). Riverside County Transportation Commission Agenda March 8, 2006 Page 3 7F. TRANSPORTATION UNIFORM MITIGATION FEE (TUMF) PROGRAMMING ADMINISTRATIVE POLICY Page 53 Overview This item is for the Commission to approve the TUMF Programming Administrative Policy. 7G. CITIZENS' ADVISORY COMMITTEE/SOCIAL SERVICES TRANSPORTATION ADVISORY COMMITTEE Page 55 Overview 1) Renew Sherry Thibodeaux, Andrea Puga and Mary Venerable's memberships to the Citizens' Advisory Committee/Social Services Transportation Advisory Committee (CAC/SSTAC); 2) Appoint Michelle Anglin as a new member to the CAC/SSTAC; and 3) Approve the membership roster for CAC/SSTAC effective January 2006. 7H. NEW YEAR-ROUND INLAND EMPIRE ORANGE COUNTY WEEKEND SERVICE Overview This item is for the Commission to: Page 60 1) Approve implementation of year-round Inland Empire -Orange County (IEOC) weekend service; 2) Amend the RCTC Commuter Rail SRTP to include the new IEOC weekend trains; 3) Allocate $120,000 in Local Transportation Funds for operations and promotion of the IEOC weekend service for FY 2005/06, and amend the Commuter Rail Budget by $120,000; and 4) Receive and file the Commuter Rail Program Update as an information item. • Riverside County Transportation Commission Agenda March 8, 2006 Page 4 8. 71. PUBLIC OUTREACH SERVICES CONTRACT FOR PERRIS VALLEY LINE METROLINK EXTENSION Overview This, item is for the Commission to award: Page. 66 1) Three-year consultant agreement No. 06-25-034-00 to O'Reilly. Public Affairs in an amount not to exceed $ 140,000; and 2) Three-year consultant agreement No 06-25-035-00 to Moore lacofano Goltsman, Inc. in an amount not to exceed $140,000. 7J. STATE AND FEDERAL LEGISLATIVE UPDATE Overview This item is for the Commission to: 1) Approve the following bill positions: AB 2025 (Niello, R-Fair Oaks) — SUPPORT AB 2028 (Huff, R-Diamond Bar) — SUPPORT; and 2) Receive and file the update as an information item. Page 69 PROPOSED POLICY GOALS AND OBJECTIVES FOR FISCAL YEAR 2006/07 BUDGET Page 76 Overview This item is for the Commission to. approve the proposed Commission Policy Goals and Objectives for the Fiscal Year 2006/07 Budget. Riverside County Transportation Commission Agenda March 8, 2006 Page 5 9. AWARD AMENDMENT NO. 3, AGREEMENT NO.. 02-31-043-03 TO CH2M HILL. FOR THE PERFORMANCE OF PRELIMINARY ENGINEERING SERVICES FOR THE PREPARATION OF AN ADMINISTRATIVE DRAFT PROJECT REPORT. AND ENVIRONMENTAL DOCUMENT FOR THE STATE ROUTE 79 REALIGNMENT PROJECT Page 84 Overview This item is for the Commission to: 1) Award of Agreement No: 02-31-043-03, Amendment No. 3, to CH2M Hill based on the negotiated project scope, schedule and cost. that is attached to this agenda item for the Realignment of SR-79 in the vicinity of the cities of San Jacinto and Hemet for the development of an Administrative Draft Project Report and Environmental Document (PR/ED) (the Project). This Amendment will not increase the currently approved not to exceed amount for this consultant services contract. The revised scope of services will be funded by rescoping the Project back from the completion of a final PR/ED to the completion of the Administrative Draft PR/ED by taking the actions noted below in recommendations 2 and 3; 2) Authorize the use. of the contingency funds in the amount of $1,807,873 that were established by Amendment No. 2, Agreement No. 06-31-516, to fund a portion of the attached newly defined scope of services that will be required to take the Project to the Administrative Draft level of the PR/ED; 3) Authorize the reallocation of the existing scope of services that are currently valued at $1,428,639 from approved Amendment No. 1, Agreement No. 05- 31-532, to fund the remainder of the revised scope of services defined in Amendment No. 3 to take the Project to the Administrative Draft level of the PR/ED; 4) Authorize staff to work with the consultant team to develop a revised scope of work that will move the Project from the Administrative Draft level to the final PR/E•D; and 5) Authorize the Chairman, pursuant to legal counsel review, to execute Agreement No. 02-31-043-03 on behalf of the Commission. 10. SELECTION OF A REPRESENTATIVE TO THE EXECUTIVE COMMITTEE Page 99 This item is for the cities of Banning, Beaumont, Calimesa, Canyon Lake, Hemet, Lake Elsinore, Murrieta, Norco, Perris, San Jacinto, and Temecula to select their representative to the Executive Committee. 11. ITEMS PULLED FROM CONSENT CALENDAR AGENDA Riverside County Transportation Commission Agenda March 6, 2006 Page 6 12. COMMISSIONERS / EXECUTIVE DIRECTOR'S 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. 13. CLOSED SESSION ITEM A. CONFERENCE WITH LEGAL COUNSEL: EXISTING LITIGATION Pursuant to Subdivision (a) of Government Code Section 54956.9 Case number: RIC 393352 B. CONFERENCE WITH LEGAL COUNSEL: ANTICIPATED LITIGATION Pursuant to Subdivision (b) of Government Code Section 54956.9 The Clad litigation: Case No. C 05 1525 JSW C. CONFERENCE WITH REAL PROPERTY NEGOTIATOR Pursuant to Government Code Section 54956.8 14. ADJOURNMENT The next Commission meeting is scheduled to be held at 9:00 a.m., Wednesday, April 12, 2006, Board Room, County of Riverside Administrative Center, 4080 Lemon Street, Riverside. JOHN F. TAVAGLIONE SECOND DISTRICT SUPERVISOR BOARD OF SUPERVISORS COUNTY OF RIVERSIDE March 1, 2006 Riverside County Transportation Commission Attn: Jennifer 4080 Lemon Street, 3rd Floor Riverside, California 92501 STAFF ANNE STEPHENS, Senior Legislative Assistant JOHN FIELD , Senior Legislative Assistant KAREN CHRISTENSEN, Legislative Assistant LILIANA ALLIN, Legislative Assistant DONNA JOHNSTON, Board Assistant Re: March 8, 2006 RCTC Meeting Dear Jennifer: I will be unable to attend the RCTC Meeting on March 8, 2006, and in my absence, I would like to give my proxy vote to Jeff Stone, Third District Supervisor. Thank you for your assistance with this matter. Sincerely, Jo ''. Tavaglione Second District Supervisor 4080 LEMON STREET • 14TH FLOOR • P.O. BOX 1646 • RIVERSIDE, CALIFORNIA 92502-1646 • (909) 955-1020 RIVERSIDE COUNTY TRANSPORTATION COMMISSION COMMISSIONER SIGN -IN SHEET MARCH 8, 2006 N/ E AGENCY EMAIL ADDRESS '4 ��� l / ,,,,ra,✓ g �rn/ L ,�Es� +:15k V\ vv.\ t j r Oca3r. Wit,:ti, �,76. a4.k_ � G , 17_, C, C.- L -r ,_ €3 4-vvho,c- /�i7fliv/f-- te/,e_ s 74 /4I 7e(9.r-o j/� e co '_ Y/7- ? oo d PreA l< f',ILL /1c0$c,c7 fShai12 849a01,coreA R,i cK Gi 6 e. S M vRe2--/� ra(3- RGIS4)-e, lidtA 7/to-A rho 04.. �BuZ( /514 1.7di"!46 0‘a9S_ ) / v P ef�A< /e/L_.- cc..467,-,-/,4-- -,--4.,c,a-k&w_A__ eNs -v c-AL-- CRA . S 4 t-tve,z. _ : vovicAa12,oz> c a�z , ��O t c,1-i Si-eVQn D284.64n Legal Cad Oso4 ?LA.". De&,d„6?88k1Ge..6 "----i4lc //ioL.&-ey ,.1&404-e e ha.fe/ oia /4csc. cu it 1 6hC 44 L L Y _2>.¢i-cam- i Li "' l %/I ' cc c-i ," 4'.. IAA �-4 L:'7 F /L c ozr c4 —7-- . , �a__ C` v Lo , 1 4,110f I/Ai /e_yq-e-2_. 61. W 1L-S o r-1 /NO/D J 76� ' " .17,4- 1 �/!;_alt-- e e.c.- Pc-r i S CA--77-it-or ( c<z jafilwn Leix*_, ava.e-Az ll Jci¢%.<Ax14.rr.ev� -I).Q .4/�- 1. 'IS ► a s se,A7L—sc � ,��mi%s aty_21, 40ty towr p, a< J RIVERSIDE COUNTY TRANSPORTATION COMMISSION ROLL CALL March 8, 2006 Present Absent County of Riverside, District County of Riverside, District II County of Riverside, District III County of Riverside, District IV County of Riverside, District V City of Banning City of Beaumont City of Blythe City of Calimesa City of Canyon Lake City, of; Cathedral City City of Coachella City of Corona City of Desert Hot Springs City of Hemet City of Indian Wells City of Indio City of La Quinta City of Lake Elsinore City of Moreno Valley City of Murrieta City of Norco City of Palm Desert City of Palm Springs City of Perris City of Rancho Mirage City of Riverside City of San Jacinto City ° of Temecula ` Governor's Appointee, Ca!trans District 8 " " A G E N D A I T E M 5 M I N U T E S " R I V E R S I D E C O U N T Y T R A N S P O R T A T I O N C O M M / S S / O N M I N U T E S W e d n e s d a y , F e b r u a r y 8 , 2 0 0 6 1 . C A L L T O O R D E R T h e R i v e r s i d e C o u n t y T r a n s p o r t a t i o n C o m m i s s i o n w a s c a l l e d t o o r d e r b y C h a i r M a r i o n A s h l e y a t 9 : 0 2 a . m . , i n t h e B o a r d R o o m a t t h e C o u n t y o f R i v e r s i d e A d m i n i s t r a t i v e C e n t e r , 4 0 8 0 L e m o n S t r e e t , R i v e r s i d e , C a l i f o r n i a , 9 2 5 0 1 . 2 . P L E D G E O F A L L E G I A N C E A t t h i s t i m e , S e c o n d V i c e C h a i r J e f f S t o n e l e d t h e C o m m i s s i o n i n a f l a g s a l u t e . 3 . R O L L C A L L C o m m i s s i o n e r s / A l t e r n a t e s P r e s e n t S t e v e A d a m s M a r i o n A s h l e y R o g e r B e r g A l e x B i a s D a r y l B u s c h B o b B u s t e r C h r i s B u y d o s J o h n C h l e b n i k M a r y C r a t o n R i c k G i b b s F r a n k H a l l B a r b a r a H a n n a T e r r y H e n d e r s o n B o b M a g e e P a u l M a r c h a n d J e f f M i l l e r R o n a l d O d e n " M i k e P e r o v i c h M a r y R o c h e J e f f S t o n e F r a n k W e s t M i c h a e l H . W i l s o n R o y W i l s o n C o m m i s s i o n e r s A b s e n t R o b e r t C r a i n J u a n M . D e L a r a D i c k K e l l y R o b i n L o w e R o n M e e p o s R o n R o b e r t s J o h n T a v a g l i o n e Riverside County Transportation Commission Minutes February 8, 2006 Page 2 4. PUBLIC COMMENTS There were no requests from the public to speak. 5 APPROVAL OF MINUTES — January 11 and January 23, 2006 M/S/C (Stone/Craton) to approve the January 11, 2006 minutes as amended and the January 23, 2006 minutes as submitted. 6. ADDITIONS/REVISIONS There were no additions or revisions to the agenda. 7. CONSENT CALENDAR M/S/C (Henderson/Buydos) to approve the following Consent Calendar items: 7A. FISCAL YEAR 2004/2005 COMMISSION AUDIT RESULTS Receive and file the FY 2004/05: 1) Comprehensive Annual FinancialReport; 2) Local Transportation Fund Audited Financial Statements; 3) State Transit Assistance Fund Audited Financial Statements; 4) Compliance Report; 5) Audit Results Report; 6) Management Letter; 7) Agreed -Upon Procedures Report related to the Commuter Assistance Program Incentives; and 8) Agreed -Upon Procedures Report related to the Appropriation Limit Calculation. 7B. MID -YEAR REVENUE PROJECTIONS Approve the: 1) Mid -year revenue projections; 2) Budget adjustments to reflect the revised Measure A revenues of $14,376,000 and expenditures of $7,065,000; and 3) Budget adjustments to reflect the revised Local Transportation Fund (LTF) planning revenues of $747,728 and expenditures of $747,728. " R i v e r s i d e C o u n t y T r a n s p o r t a t i o n C o m m i s s i o n M i n u t e s F e b r u a r y 8 , 2 0 0 6 P a g e 3 7 C . F I S C A L Y E A R 2 0 0 6 / 0 7 L O C A L T R A N S P O R T A T I O N F U N D A N D M E A S U R E A R E V E N U E P R O J E C T I O N S A p p r o v e t h e : 1 ) P r o j e c t i o n s o f t h e L o c a l " ' T r a n s p o r t a t i o n F u n d 4 L T F ) a p p o r t i o n m e n t f o r t h e w e s t e r n R i v e r s i d e C o u n t y , C o a c h e l l a V a l l e y , a n d P a l o V e r d e V a l l e y a r e a s ; a n d 2 ) P r o j e c t i o n s f o r M e a s u r e A a n d t h e r e l a t e d a l l o c a t i o n s . 7 D . D E V E L O P M E N T O F A C C O U N T A B I L I T Y P R O G R A M 1 ) A p p r o v e t h e c o n c e p t u a l f r a m e w o r k f o r a C o m m i s s i o n A c c o u n t a b i l i t y P r o g r a m ; 2 ) D i r e c t s t a f f t o d e v e l o p s p e c i f i c a c c o u n t a b i l i t y m e a s u r e s b a s e d o n s u c h f r a m e w o r k a n d p r e s e n t s u c h g u i d e l i n e s t o t h e C o m m i s s i o n f o r i t s f u t u r e r e v i e w a n d a p p r o v a l ; a n d 3 ) R e c e i v e a n d f i l e t h e m a n a g e m e n t c e r t i f i c a t i o n s . 7 E . M I D - Y E A R B U D G E T A D J U S T M E N T S A p p r o v e a n i n c r e a s e o f : 1 ) $ 3 0 6 , 0 0 0 i n e x p e n d i t u r e s f o r r e c r u i t m e n t , e m p l o y m e n t s c r e e n i n g , o f f i c e r e c o n f i g u r a t i o n a n d o f f i c e s y s t e m s , a n d s a l a r i e s a n d b e n e f i t s ; a n d 2 ) $ 6 5 , 0 0 0 i n S e r v i c e A u t h o r i t y f o r F r e e w a y E m e r g e n c i e s ( S A F E ) g e n e r a l l e g a l c o s t s r e l a t e d t o l i t i g a t i o n . 7 F . Q U A R T E R L Y F I N A N C I A L S T A T E M E N T S R e c e i v e a n d f i l e t h e Q u a r t e r l y F i n a n c i a l S t a t e m e n t s f o r t h e s e c o n d q u a r t e r e n d e d D e c e m b e r 3 1 , 2 0 0 5 . 7 G . S I N G L E ' S I G N A T U R E A U T H O R I T Y R E P O R T R e c e i v e a n d f i l e t h e S i n g l e S i g n a t u r e A u t h o r i t y R e p o r t f o r t h e s e c o n d q u a r t e r e n d e d D e c e m b e r 3 1 , 2 0 0 5 . 7 H . I N T E R F U N D L O A N A C T I V I T Y R E P O R T R e c e i v e a n d f i l e t h e I n t e r f u n d L o a n a c t i v i t y r e p o r t f o r t h e s e c o n d q u a r t e r e n d e d D e c e m b e r 3 1 , 2 0 0 5 . Riverside County Transportation Commission Minutes February 8, 2006 Page 4 71. APPROVAL OF AGREEMENT NO. 99-31-001-01 (CALTRANS AGREEMENT NO. 8-1120 A/1), AMENDMENT NO. 1 TO AGREEMENT NO. 50252, BETWEEN CALTRANS AND THE COMMISSION FOR THE STATE ROUTE 74 PROJECT 1) Approve Agreement No. 99-31-001-01 (Caltrans Agreement No. 8-1 120 A/1), Amendment No. 1 to Agreement No. 50252, with Caltrans to extend the agreement period for the State Route 74 project from December 31, 2005 to December 31, 2007; and 2) Authorize the Chair, pursuant to legal counsel review, to execute the agreement on behalf of the Commission. 7J. APPROVAL OF AGREEMENT NO. 06-66-031-00 BETWEEN RCTC AND CALTRANS FOR STATE ROUTE 60 — VALLEY WAY TO INTERSTATE 15 WIDENING, 60/215 EAST JUNCTION HOV CONNECTORS, AND STATE ROUTE 91 GREEN RIVER ROAD INTERCHANGE IMPROVEMENT PROJECTS AND CALTRANS MSHCP RESPONSIBILITIES 1) Approve Agreement No. 06-66-031-00 between RCTC and Caltrans for the State Route 60 — Valley Way to Interstate 15 widening, project, the 60/215 East junction HOV connector project, the State . Route 91 Green River Road interchange improvement project and Caltrans MSHCP funding commitment; and 2) Authorize the Chair, pursuant to legal counsel review, to execute the agreement on behalf of the Commission. 7K. APPROVAL OF AGREEMENT NO. 06-66-032-00 BETWEEN RCTC AND CALTRANS FOR THE STATE ROUTE 91 GREEN RIVER ROAD INTERCHANGE IMPROVEMENT PROJECT 1) Approve Agreement No. 06-66-032-00 with Caltrans for the State Route 91 Green River Road interchange improvement project; and 2) Authorize the Executive Director, pursuant to legal counsel review, to execute the agreement on behalf of the Commission. " " R i v e r s i d e C o u n t y T r a n s p o r t a t i o n C o m m i s s i o n M i n u t e s F e b r u a r y 8 , 2 0 0 6 P a g e 5 7 L . M E M O R A N D U M O F U N D E R S T A N D I N G N O . 0 6 - 3 1 0 - 0 1 7 - 0 0 F O R T H E F U N D I N G A N D J O I N T D E V E L O P M E N T O F S T A T E H I G H W A Y 1 1 1 I M P R O V E M E N T S W I T H I N T H E C I T Y O F I N D I O 1 ) A p p r o v e M e m o r a n d u m o f U n d e r s t a n d i n g ( M O U ) N o . 0 6 - 3 1 0 - 0 1 7 - 0 0 f o r t h e f u n d i n g r e i m b u r s e m e n t o f S t a t e H i g h w a y 1 1 1 J e f f e r s o n S t r e e t t o M a d i s o n S t r e e t i m p r o v e m e n t s w i t h i n t h e c i t y o f I n d i o f o r a t o t a l a m o u n t n o t t o e x c e e d $ 3 , 2 0 0 0 , 0 0 0 ; a n d 2 ) A u t h o r i z e t h e C h a i r , p u r s u a n t t o l e g a l c o u n s e l r e v i e w , t o e x e c u t e t h e M O U o n b e h a l f o f t h e C o m m i s s i o n . 7 M . M E M O R A N D U M O F U N D E R S T A N D I N G N O . 0 6 - 3 1 - 0 1 6 - 0 0 F O R F U N D I N G O F T H E C A N T U - G A L L E A N O R A N C H R O A D I N T E R C H A N G E 1 ) A p p r o v e M e m o r a n d u m o f U n d e r s t a n d i n g ( M O U ) N o . 0 6 - 3 1 - 0 1 6 - 0 0 f o r t h e M e a s u r e A b a l a n c e a m o u n t f o r t h e C a n t u - G a l l e a n o R a n c h R o a d i n t e r c h a n g e p r o j e c t p r o g r a m m e d f o r $ 2 , 7 3 4 , 0 0 0 ; a n d 2 ) A u t h o r i z e t h e C h a i r , p u r s u a n t t o l e g a l c o u n s e l r e v i e w , t o e x e c u t e t h e M O U o n b e h a l f o f t h e C o m m i s s i o n . 7 N . R I V E R S I D E T R A N S I T A G E N C Y ' S R E Q U E S T F O R L O C A L T R A N S P O R T A T I O N F U N D S F O R C A P I T A L P R O J E C T S 1 ) A p p r o v e t h e R i v e r s i d e T r a n s i t A g e n c y ' s ( R T A ) r e q u e s t t o r e p r o g r a m f e d e r a l a n d l o c a l f u n d s f o r t h e p u r c h a s e o f c a p i t a l e q u i p m e n t ; 2 ) A l l o c a t e $ 1 1 1 , 5 8 9 i n L o c a l T r a n s p o r t a t i o n F u n d ( L T F ) r e s e r v e f u n d s a s t h e l o c a l m a t c h t o t h e f e d e r a l f u n d i n g c o n t i n g e n t u p o n t h e F e d e r a l T r a n s i t A d m i n i s t r a t i o n ' s ( F T A ) a p p r o v a l t o r e p r o g r a m t h e f e d e r a l f u n d s ; a n d 3 ) A m e n d R T A ' s S h o r t R a n g e T r a n s i t P l a n ( S R T P ) t o i n c l u d e t h e c a p i t a l p r o j e c t s ( o n c e a p p r o v e d b y F T A ) . Riverside County Transportation Commission Minutes February 8, 2006 Page 6 70. RIVERSIDE - TRANSIT AGENCY'S REQUEST FOR LOCAL TRANSPORTATION FUNDS PENDING RECEIPT OF FISCAL YEAR 2005/06 SECTION 5307 FUNDS 1) Allocate $4,800,000 in Local Transportation Funds (LTF) to the Riverside Transit Agency (RTA) pendingreceipt of FY 2005/06 Federal Transit administration (FTA) Section 5307 funds; and 2) Approve the reimbursement of the $4,800,000 in funding upon RTA's receipt of the federal funding. 7P. WESTERN RIVERSIDE COUNCIL OF GOVERNMENTS' TRANSIT ORIENTED DEVELOPMENT STUDY: REQUEST FOR FUNDING PARTICIPATION 1) Allocate an additional $12,500 in Local Transportation Funds (LTF) to the Riverside Transit Agency (RTA) to be used as its contribution to expand the Western Riverside Council of Governments' (WRCOG) scope of work to study transit oriented development and amend RTA's FY 2005/06 Short Range Transit Plan (SRTP) to reflect this change; and 2) Allocate $12,500 in LTF planning funds to WRCOG as RCTC's contribution towards the transit oriented development study. 7Q. REQUEST FROM EXCEED FOR MEASURE A SPECIALIZED TRANSIT FUNDS AS MATCH FOR FISCAL YEARS 2002/03 AND 2003/04 SECTION 5310 PROGRAM 1) Allocate $91,600 in Measure A specialized transit funds . to Exceed to provide the required local match for the purchase of ten vehicles; 2) Approve Agreement No. 06-26-015-00 with Exceed . for $91,600 in Measure A specialized transit funds available in western Riverside County; and 3) Authorize the Chair, pursuant . to legal counsel review, to execute the agreement on behalf of the Commission. Riverside County Transportation Commission Minutes February 8, 2006 Page 7 • 8. • 7R. AMENDMENT TO FISCAL YEAR 2005/06 MEASURE A CAPITAL IMPROVEMENT PLAN FOR LOCAL STREETS AND ROADS FOR THE CITY OF PALM SPRINGS This item is for the Commission to approve the amendment to the Fiscal Year 2005/06 Measure A Capital Improvement Plan (CIP) for Local Streets and Roads for the city of Palm Springs. 7S. COMMUTER RAIL PROGRAM UPDATE This item is for the Commission to receive and file the Commuter Rail program update as an information item. 7T. STATE AND FEDERAL LEGISLATIVE UPDATE 1) Approve the following bill positions: SB 1165 (Dutton, R-Rancho Cucamonga) — SUPPORT AB 1838 (Oropeza, D- Long Beach) — SUPPORT; and 2) Receive and file the state and federal legislative update. APPROVE THE LIST OF PRE -QUALIFIED FIRMS AND AWARD OF AGREEMENT NOS. 06-66-026-00, 06-66-027-00, AND 06-66-028-00 FOR ON -CALL STRATEGIC PARTNERSHIP ADVISOR SERVICES Chair Ashley notified the Commissioners to the possible conflict of interest related to this item. In response to Chair Ashley's concern regarding advanced notification of the possible conflict of interest issues, Anne Mayer, Programming and Administration Director, noted that all Request for Proposals and Statements of Qualifications include a disclosure form for the consultants to review and declare contributions made to current Commissioners. She added that when the consultant declares a contribution, staff notifies each named Commissioner individually. Steve DeBaun, RCTC Legal Counsel, clarified that consultants have an obligation to notify the Commission of any contributions made to the Commissioners. Anne Mayer provided a brief overview of the Statement of Qualifications received by the consultants for the specific tasks related to On -Call Strategic Partnership Advisor Services. Riverside County Transportation Commission Minutes February 8, 2006 Page 8 M/S/C (R. Wilson/Buydos) to: 1) Approve the list of pre -qualified firms for On -Call Strategic Partnership Advisor services: a) KPMG b) PB Consult in association with Parson Brinckerhoff Quade & Douglas, Inc. and Lamont Financial c) Nossaman Guthner Knox Elliot LLP; 2) Award Agreement Nos. 06-66-026-00, 06-66-027-00, and 06-66-028-00 to the respective firms identified for On -Call Strategic Partnership Advisor services; and 3) Authorize the Chair, pursuant to legal counsel review, to execute the agreements on behalf of the. Commission. Abstain: Magee and Stone 9. STATUS REPORT ON ROUTE PRODUCTIVITY, CAPITAL PROJECTS, 2009 MEASURE A ALLOCATION AND TRANSPORTATION DEVELOPMENT ACT FUNDING Tanya Love, Program Manager, presented a status report on route productivity, outstanding capital projects, the 2009 Measure A allocation of funds and the western county TDA funding split. M/S/C (Busch/Miller) to: 1) Receive and file the capital project status reports; 2) Direct staff to have the transit operators add to future quarterly capital grant reports, the number of , projects completed (per quarter), the dollar amount associated with those projects as well as whether any funds were deobligated and/or lapsed (by fiscal year); 3) Direct staff to work with transit operators to revise future reports to reflect projects that are partially funded, fully funded, demonstration projects, etc. (Revised report format will be developed collaboratively with transit operator and RCTC staffs); and 4) Adopt the timeline for the 2009 Measure A allocation and Transportation Development Act (TDA) funding discussion. Riverside County Transportation Commission Minutes February 8, 2006 Page 9 • 10. ITEMS PULLED FROM CONSENT CALENDAR AGENDA No items were pulled from the Consent Calendar. 11. COMMISSIONERS / EXECUTIVE DIRECTOR'S REPORT Eric Haley reported on the following items: • • Standard and Poors affirmation of RCTC's debt rating. • The California Transportation Commission decision to move ahead with the State Route 60 Valley Way to 1-15 project. • Goods Movement Hearing of the Senate Transportation and Housing Committee in Sacramento. • The promotion of Sheldon Peterson to Rail Program Manager. • New start time for Budget and Implementation Committee of 9:30 a.m. • Staff will be polling members of the Transit Policy Committee for preferred date and time of the quarterly meetings. 12. CLOSED SESSION ITEM A. CONFERENCE WITH LEGAL COUNSEL: EXISTING LITIGATION Pursuant to Subdivision (a) of Government Code Section 54956.9 Case No: RIC 393352 There was no announcement for the Closed Session item. 13. ADJOURNMENT There being no further business for consideration by the Riverside County Transportation Commission, the meeting adjourned at 9:54 p.m. The next Commission meeting is scheduled to be held at 9:00 a.m., on Wednesday, March 8, 2006, at the County of Riverside Administrative Center, 4080 Lemon Street, Board Room, Riverside, California, 92501. Respectfully submitted, 0-)"^"-ik??4— Jennifer Harmon Acting Clerk of the Commission " A G E N D A I T E M 7 A " " R I V E R S I D E C O U N T Y T R A N S P O R T A T I O N C O M M I S S I O N D A T E : M a r c h 8 , 2 0 0 6 T O : R i v e r s i d e C o u n t y T r a n s p o r t a t i o n C o m m i s s i o n F R O M : B u d g e t a n d I m p l e m e n t a t i o n C o m m i t t e e T h e r e s i a T r e v i n o , C h i e f F i n a n c i a l O f f i c e r T H R O U G H : E r i c H a l e y , E x e c u t i v e D i r e c t o r S U B J E C T : F i s c a l Y e a r 2 0 0 4 / 0 5 T D A a n d M e a s u r e A A u d i t R e s u l t s B U D G E T A N D I M P L E M E N T A T I O N C O M M I T T E E A N D S T A F F R E C O M M E N D A T I O N : T h i s i t e m i s f o r t h e C o m m i s s i o n t o r e c e i v e a n d f i l e t h e T r a n s p o r t a t i o n D e v e l o p m e n t A c t ( T D A ) a n d . M e a s u r e A a u d i t r e s u l t s r e p o r t f o r t h e F i s c a l Y e a r 2 0 0 4 / 0 5 . B A C K G R O U N D I N F O R M A T I O N : I n A p r i l 2 0 0 3 , C a p o r i c c i & L a r s o n ( C & L ) w a s s e l e c t e d t o p e r f o r m t h e a u d i t s o f R i v e r s i d e C o u n t y ' s T D A c l a i m a n t s a n d M e a s u r e A r e c i p i e n t s , e x c e p t f o r t h e R i v e r s i d e T r a n s i t A g e n c y w h i c h e l e c t e d t o s e l e c t i t s a u d i t f i r m . T h i s i s t h e t h i r d y e a r t h a t C & L h a s p e r f o r m e d t h e s e a u d i t s f o r t h e C o m m i s s i o n ; h o w e v e r , i t d i d n o t p e r f o r m t h e a u d i t f o r t h e c i t y o f B e a u m o n t . I n O c t o b e r 2 0 0 5 , t h e c i t y o f B e a u m o n t w a s n o t i f i e d b y t h e C o m m i s s i o n t o e n g a g e a n a u d i t f i r m t o p e r f o r m t h e f i n a n c i a l a n d c o m p l i a n c e a u d i t s o f i t s t r a n s i t a n d t r a n s p o r t a t i o n f u n d s f o r t h e F Y 2 0 0 3 / 0 4 a n d 2 0 0 4 / 0 5 . C & L h a s c o m p l e t e d t h e a u d i t s o f a n d i s s u e d t h e a u d i t r e p o r t s f o r m o s t o f t h e l o c a l g o v e r n m e n t s , n o n - p r o f i t a g e n c i e s , a n d t r a n s i t a g e n c i e s t h a t r e c e i v e d T D A a n d M e a s u r e A f u n d s . P r o f e s s i o n a l a u d i t i n g s t a n d a r d s r e q u i r e t h e a u d i t o r s t o c o m m u n i c a t e t o t h e a u d i t c o m m i t t e e , o r a n e q u i v a l e n t g r o u p , t o e n s u r e a d d i t i o n a l i n f o r m a t i o n i s p r o v i d e d r e g a r d i n g t h e s c o p e a n d r e s u l t s o f t h e a u d i t t h a t m a y a s s i s t i n o v e r s e e i n g m a n a g e m e n t ' s f i n a n c i a l r e p o r t i n g a n d d i s c l o s u r e p r o c e s s r e l a t e d t o t h e T D A c l a i m a n t s a n d M e a s u r e A r e c i p i e n t s . S u c h c o m m u n i c a t i o n s r e l a t e d t o C & L ' s r e s p o n s i b i l i t i e s a n d a p p r o a c h , s u m m a r y o f r e s u l t s , a n d p r e l i m i n a r y f i n d i n g s w e r e d i s c u s s e d b y C a p o r i c c i & L a r s o n w i t h t h e A u d i t A d H o c C o m m i t t e e . F o l l o w i n g a r e h i g h l i g h t s f r o m C & L ' s p r e s e n t a t i o n : A g e n d a I t e m 7 A " O f t h e $ 1 0 7 , 6 0 1 , 0 0 0 d i s t r i b u t e d r e l a t e d t o M e a s u r e A , S t a t e T r a n s i t A s s i s t a n c e ( S T A ) , a n d T D A f u n d s $ 6 7 , 7 5 2 , 0 0 0 , o r 6 3 % , w a s a u d i t e d b y C & L . T h i s c o m p r i s e d 3 3 r e c i p i e n t s w h o r e c e i v e d f u n d s f o r t r a n s i t , l o c a l . s t r e e t s a n d r o a d s , a n d b i c y c l e a n d p e d e s t r i a n p r o j e c t p u r p o s e s . " $ 3 9 , 8 4 9 , 0 0 0 * , o r 3 7 % , w a s n o t a u d i t e d b y C & L . T h e m a j o r i t y o f t h e s e d i s b u r s e m e n t s w e r e r e l a t e d t o T D A p l a n n i n g a n d a d m i n i s t r a t i o n f u n d s t o a g e n c i e s , i n c l u d i n g t h e C o m m i s s i o n , a s w e l l a s M e a s u r e A a n d T D A f u n d s t o t h e c i t y o f B e a u m o n t a n d t h e R i v e r s i d e T r a n s i t A g e n c y . " A s o f F e b r u a r y 3 , 2 0 0 6 , 2 6 r e p o r t s w e r e i s s u e d . F i e l d w o r k w a s s u b s t a n t i a l l y c o m p l e t e d f o r s i x a d d i t i o n a l r e c i p i e n t s ( V o l u n t e e r C e n t e r o f A m e r i c a , S a n J a c i n t o , R i v e r s i d e , S u n L i n e T r a n s i t , C o r o n a , a n d P a l o V e r d e V a l l e y T r a n s i t A g e n c y ) ; i s s u a n c e o f t h e s e f i n a l r e p o r t s w a s p e n d i n g r e s o l u t i o n o f o p e n i t e m s a n d c o m p l e t i o n o f q u a l i t y r e v i e w p r o c e d u r e s . F i e l d w o r k f o r o n e r e c i p i e n t ( C o u n t y o f R i v e r s i d e ) h a s c o m m e n c e d b u t w i l l n o t b e c o m p l e t e d u n t i l M a r c h 2 0 0 6 , a n d s u c h f i e l d w o r k w i l l i n c l u d e c o m p l e t i o n o f t h e F Y 2 0 0 3 / 0 4 a u d i t . " F i n d i n g s a n d o b s e r v a t i o n s w e r e d i s c u s s e d , a n d s i g n i f i c a n t m a t t e r s a r e p r e s e n t e d b e l o w . T h e r e w e r e t h r e e f i n d i n g s r e l a t e d t o t h e M e a s u r e A S p e c i a l i z e d T r a n s i t P r o g r a m : " C a r e - A - V a n ` s m a t c h i n g f u n d s i n c l u d e d i n - k i n d c o n t r i b u t i o n s w h i c h w e r e n o t s u p p o r t e d b y t h i r d p a r t y d o c u m e n t a t i o n a n d w e r e r e l a t e d t o v o l u n t e e r h o u r s f r o m a f u l l - t i m e , s a l a r i e d m a n a g e r . " C a r e C o n n e x x u s a n d I n l a n d A I D S p r o j e c t o b t a i n e d i n s u r a n c e f r o m i n s u r a n c e c o m p a n i e s w h i c h d i d n o t m e e t t h e C o m m i s s i o n ' s m i n i m u m s t a n d a r d , a n d t h e s e a g e n c i e s h a d n o t r e q u e s t e d a w a i v e r . A s a r e s u l t o f t h e c u r r e n t a n d p r i o r y e a r s ' f i n d i n g s r e l a t e d t o t h e M e a s u r e A S p e c i a l i z e d T r a n s i t P r o g r a m , s t a f f h a s c o n s i d e r e d t h e s e m a t t e r s i n t h e d e v e l o p m e n t o f t h e M e a s u r e A S p e c i a l i z e d T r a n s i t C a l l f o r P r o j e c t s w h i c h w a s r e l e a s e d F e b r u a r y 1 0 , 2 0 0 6 . S u c h c h a n g e s i n c l u d e t h e f o l l o w i n g : " Q u a l i f y i n g i n - k i n d c o n t r i b u t i o n s a n d a c c e p t a b l e s u p p o r t i n g d o c u m e n t a t i o n w e r e d e f i n e d . " E x c e p t i o n s t o t h e m o d e l a g r e e m e n t , i n c l u d i n g i n s u r a n c e r e q u i r e m e n t s w h i c h h a v e b e e n r e d u c e d t o n o l e s s t h a n A - : V I I , m u s t b e n o t e d i n t h e p r o p o s a l s u b m i t t e d . " A u d i t s r e q u i r e d b y t h e C o m m i s s i o n m u s t b e c o m p l e t e d i n a t i m e l y a n d c o o p e r a t i v e m a n n e r o r f u n d i n g m a y b e s u s p e n d e d . A g e n d a I t e m 7 A 2 " " T h e r e w e r e t w o f i n d i n g s a n d a n o b s e r v a t i o n r e l a t e d t o T D A A r t i c l e 4 T r a n s i t : " C i t y o f R i v e r s i d e S p e c i a l S e r v i c e s T r a n s i t d i d n o t m e e t i t s r e q u i r e d f a r e r a t i o o f 1 0 % . T h e a c t u a l f a r e r a t i o w a s 9 . 9 % . T h i s i s t h e f i r s t y e a r o f n o n c o m p l i a n c e , a n d a s a r e s u l t t h i s y e a r i s d e e m e d a g r a c e y e a r . " C i t y o f C o r o n a T r a n s i t r e c e i v e d c a p i t a l f u n d s i n F Y 2 0 0 4 / 0 5 i n e x c e s s o f a m o u n t s s p e n t w h i c h w a s n o t i n c o m p l i a n c e w i t h T D A r e g u l a t i o n s . " T h e a u d i t o r s o b s e r v e d t h a t s o m e t r a n s i t o p e r a t o r s a r e e x c l u d i n g c a p i t a l p u r c h a s e s w h i c h w e r e n o t c a p i t a l i z e d i n a c c o r d a n c e w i t h a g e n c y a c c o u n t i n g p o l i c i e s f r o m o p e r a t i n g e x p e n s e s i n t h e f a r e r a t i o c a l c u l a t i o n . C u r r e n t T D A a n d C o m m i s s i o n f a r e r a t i o p o l i c i e s h a v e n o t a d d r e s s e d i f t h i s d e d u c t i o n i s p e r m i t t e d ; h o w e v e r , i t h a s b e e n d o n e i n p a s t a u d i t s b a s e d o n a r e v i e w o f a u d i t r e p o r t s . T h i s i s s u e w a s h i g h l i g h t e d i n t h e c u r r e n t y e a r a s o n e o p e r a t o r w o u l d n o t h a v e m e t t h e f a r e r a t i o r e q u i r e m e n t i f t h i s d e d u c t i o n w e r e n o t a l l o w e d . A s a r e s u l t o f t h e d i s c u s s i o n r e g a r d i n g t h e s e m a t t e r s , s t a f f w a s d i r e c t e d b y t h e A u d i t A d H o c C o m m i t t e e t o r e v i e w b e s t p r a c t i c e s a n d a p p l i c a b l e r e g u l a t i o n s t o d e t e r m i n e i f a n y c h a n g e s s h o u l d b e p r o p o s e d t o t h e C o m m i s s i o n ' s t r a n s i t c a p i t a l g r a n t f u n d i n g p r o c e s s a n d f a r e r a t i o p o l i c y . A t t a c h e d i s t h e s u m m a r y o f t r a n s p o r t a t i o n a n d t r a n s i t f u n d o p e r a t i o n s a n d r e l a t e d a u d i t r e s u l t s f o r t h e v a r i o u s t y p e s o f T D A ( A r t i c l e s 3 , 4 , a n d 8 ) a n d M e a s u r e A ( s p e c i a l i z e d t r a n s i t a n d l o c a l s t r e e t s a n d r o a d s ) f u n d i n g . E a c h s c h e d u l e p r o v i d e s i n f o r m a t i o n f o r e a c h c l a i m a n t a n d r e c i p i e n t r e g a r d i n g t h e r e v e n u e s , e x p e n d i t u r e s / e x p e n s e s , a n d c h a n g e i n f u n d b a l a n c e / n e t a s s e t s f o r t h e y e a r e n d e d J u n e 3 0 , 2 0 0 5 ; o t h e r f i n a n c i a l a n d c o m p l i a n c e i n f o r m a t i o n ; s u m m a r y o f o b s e r v a t i o n s a n d f i n d i n g s ; a n d o t h e r i n f o r m a t i o n p e r t a i n i n g t o t h e s t a t u s o r s c o p e o f w o r k p e r f o r m e d . A t t a c h m e n t s : 1 ) T r a n s p o r t a t i o n D e v e l o p m e n t A c t A r t i c l e 3 S c h e d u l e 2 ) T r a n s p o r t a t i o n D e v e l o p m e n t A c t A r t i c l e 4 S c h e d u l e 3 ) T r a n s p o r t a t i o n D e v e l o p m e n t A c t A r t i c l e 8 S c h e d u l e 4 ) M e a s u r e A S p e c i a l i z e d T r a n s i t S c h e d u l e 5 ) M e a s u r e A L o c a l S t r e e t s a n d R o a d s S c h e d u l e a n d C o m m e n t s A g e n d a I t e m 7 A " " T r a n s p o r t a t i o n D e v e l o p m e n t A c t A r t i c l e 3 S c h e d u l e Y e a r E n d e d J u n e 3 0 , 2 0 0 5 ( N o t e 1 ) C a t h e d r a l D e s e r t H o t M o r e n o P a l m C o u n t y o f S a n B a n n i n g B l y t h e C i t y S p r i n g s I n d i o V a l l e y S p r i n g s P e r r i s R i v e r s i d e R i v e r s i d e J a c i n t o T e m e c u l a ( D r a f t ) ( D r a f t ) R e v e n u e s : I n t e r g o v e r n m e n t a l a l l o c a t i o n s : A r t i c l e $ 1 1 , 4 1 8 $ 2 9 , 9 0 0 $ - $ 3 5 , 0 0 0 $ - $ 6 8 , 9 0 2 $ 3 0 , 4 2 6 $ 8 5 , 0 0 0 $ 3 1 3 , 3 3 8 S - $ 5 2 , 0 0 0 $ 6 5 , 1 2 7 O t h e r r e v e n u e s - - 7 8 5 - I n t e r e s t i n c o m e 7 3 0 - ( 6 , 9 7 3 ) 1 , 0 0 0 - 2 6 1 T o t a l r e v e n u e s 1 2 , 1 4 8 2 9 , 9 0 0 3 5 , 0 0 0 6 2 , 7 1 4 3 0 , 4 2 6 8 6 , 0 0 0 3 1 3 , 3 3 8 5 2 , 0 0 0 6 5 , 3 8 8 T o t a l e x p e n d i t u r e s 2 5 , 3 3 2 2 9 , 9 0 0 3 5 , 0 0 0 6 2 , 7 1 4 3 0 , 4 2 6 1 9 6 , 2 8 5 3 1 3 , 3 3 8 5 2 , 0 0 0 E x c e s s ( d e f i c i e n c y ) o f r e v e n u e s o v e r ( u n d e r ) e x p e n d i t u r e s ( 1 3 , 1 8 4 ) ( 1 1 0 , 2 8 5 ) - 6 5 , 3 8 8 T r a n s f e r s I n ( o u t ) 1 1 , 4 1 8 ( 2 5 0 , 0 0 0 ) - ( 6 5 , 3 8 8 ) E x c e s s ( d e f i c i e n c y ) o f r e v e n u e s a n d t r a n s f e r s I n o v e r ( u n d e r ) e x p e n d i t u r e s ( 1 , 7 6 6 ) ( 2 5 0 , 0 0 0 ) - ( 1 1 0 , 2 8 5 ) F u n d b a l a n c e s a t b e g i n n i n g o f y e a r 6 , 6 4 7 4 1 7 , 9 4 4 - 5 6 , 8 1 0 F u n d b a l a n c e s a t e n d o f y e a r $ 4 , 8 8 1 $ $ $ $ $ 1 6 7 , 9 4 4 $ - $ ( 5 3 , 4 7 5 ) $ - $ $ - $ D e f e r r e d r e v e n u e s a t e n d o f y e a r $ $ $ - $ 3 0 , 0 0 0 $ 1 , 4 1 1 $ 1 0 , 2 1 8 $ - $ - $ 5 3 , 1 0 2 $ $ - $ 3 4 , 8 7 3 N o a c t i v i t y S o u r c e : 2 0 0 5 F i n a n c i a l S t a t e m e n t s N o t e 1 2 0 0 4 a n d 2 0 0 5 a u d i t s h a v e n o t b e e n c o m p l e t e d . S u m m a r y o f O b s e r v a t i o n s ( A r t i c l e 3 a l l o c a t i o n s a r e f o r s p e c i f i c b i c y c l e a n d p e d e s t r i a n p r o i e c t s a p p r o v e d b y t h e C o m m i s s i o n ) 1 C a t h e d r a l C i t y s u b m i t t e d a c l a i m f o r $ 6 0 , 0 0 0 s u b s e q u e n t t o y e a r e n d f o r F Y 2 0 0 4 / 0 5 , w h i c h w a s a c c r u e d b y R C T C a s p a y a b l e . A m o u n t t o b e i n c l u d e d i n F Y 2 0 0 5 / 0 6 a u d i t , 2 I n d i o h a s n o t e x p e n d e d i t s d e f e r r e d b a l a n c e , w h i c h i s a c a r r y o v e r f r o m F Y 2 0 0 4 . 3 D e s e r t H o t S p r i n g s h a s n o t e x p e n d e d i t s d e f e r r e d b a l a n c e , w h i c h w a s r e l a t e d t o a c l a i m s u b m i t t e d s u b s e q u e n t t o y e a r e n d f o r F Y 2 0 0 5 . 4 T e m e c u l a h a s n o t e x p e n d e d i t s d e f e r r e d b a l a n c e , w h i c h w a s r e c e i v e d i n F Y 2 0 0 5 . 5 M o r e n o V a l l e y h a s n o t e x p e n d e d i t s d e f e r r e d b a l a n c e , w h i c h w a s r e c e i v e d i n F Y 2 0 0 5 . 6 M o r e n o V a l l e y h a s r e c o r d e d i n t e r e s t i n c o m e i n M e a s u r e A f u n d w h i l e u n r e a l i z e d g a i n ( l o s s ) o n i n v e s t m e n t s i s r e c o r d e d i n A r t i c l e 3 f u n d . F u n d b a l a n c e i s r e l a t e d t o t r a n s f e r s i n p r i m a r i l y f r o m M e a s u r e A f u n d . S e c t i o n 9 9 2 3 4 2 ; 2 2 / 2 0 0 6 4 " " " T o t a l o p e r a t i n g r e v e n u e s O p e r a t i n g e x p e n s e s : D e p r e c i a t i o n a n d a m o r t i z a t i o n O t h e r o p e r a t i n g e x p e n s e s T o t a l o p e r a t i n g e x p e n s e s O p e r a t i n g l o s s N o n o p e r a t i n g r e v e n u e s ( e x p e n s e s ) : G r a n t s : L o c a l T r a n s p o r t a t i o n F u n d s S t a t e T r a n s i t A s s i s t a n c e F e d e r a l M e a s u r e A s p e c i a l i z e d t r a n s i t O t h e r I n t e r e s t i n c o m e I n t e r e s t e x p e n s e T r a n s f e r s I n ( o u t ) G a i n ( l o s s ) o n s a l e o f p r o p e r t y R e c o v e r y o f b a d d e b t t o a f f i l i a t e O t h e r T o t a l n o n o p e r a t i n g r e v e n u e ( e x p e n s e ) N e t I n c r e a s e ( d e c r e a s e ) T r a n s p o r t a t i o n D e v e l o p m e n t A c t A r t i c l e 4 S c h e d u l e Y e a r E n d e d J u n e 3 0 , 2 0 0 5 ( N o t e 1 ) ( D r a f t ) ( D r a f t ) ( D r a f t ) ( D r a b ) B a n n i n g B e a u m o n t C o r o n a R i v e r s i d e P V V T A S u n L i n e R T A $ 9 8 , 2 5 2 $ " $ 2 0 0 , 8 1 7 $ 1 9 9 , 9 6 1 $ 5 5 , 3 7 6 $ 2 , 9 8 3 , 0 5 5 $ 6 , 0 0 4 , 8 1 2 2 7 7 . 8 9 9 - 1 6 4 , 3 6 5 3 0 0 , 9 4 3 8 9 , 7 4 4 2 , 2 1 9 , 5 3 3 6 , 4 2 8 , 8 9 5 9 6 2 , 8 4 3 - 1 . 4 5 0 , 6 3 6 2 , 2 5 9 , 5 5 1 7 7 4 , 0 3 4 1 7 , 2 2 6 , 7 6 6 3 8 , 5 6 5 , 6 1 2 1 , 2 4 0 . 7 4 2 - 1 . 6 1 5 , 0 0 1 2 , 5 6 0 , 4 9 4 8 6 3 , 7 7 8 1 9 , 4 4 6 , 2 9 9 4 4 , 9 9 4 , 5 0 7 ( 1 , 1 4 2 , 4 9 0 ) ( 1 , 4 1 4 , 1 8 4 ) ( 2 , 3 6 0 . 5 3 3 ) ( 8 0 8 . 4 0 2 ) ( 1 6 , 4 6 3 , 2 4 4 ) ( 3 8 , 9 8 9 , 6 9 5 ) 9 0 5 , 5 7 7 1 , 0 9 8 , 5 2 8 1 , 9 1 2 , 5 5 5 7 2 8 , 8 0 9 9 , 3 5 9 , 8 0 8 2 7 , 8 9 7 , 0 7 3 3 5 , 2 2 0 - 2 2 , 8 1 6 2 9 , 2 8 0 1 9 , 8 2 8 3 1 5 , 8 7 0 4 8 2 , 5 3 6 1 3 4 , 5 8 9 1 8 1 , 3 2 9 - 3 , 4 6 5 , 8 5 8 1 1 , 4 1 9 , 1 0 1 - - 3 , 3 0 2 , 2 5 6 6 2 4 , 3 7 8 2 7 . 5 0 0 8 . 1 3 3 6 4 5 , 5 7 1 3 , 6 2 4 6 , 7 6 3 7 5 1 7 2 , 4 6 0 2 6 3 , 1 8 7 - ( 6 6 , 9 5 3 ) ( 4 8 8 , 8 7 5 ) ( 5 0 , 0 0 0 ) 1 6 , 2 1 6 - - - 3 , 6 5 0 - - ( 6 4 , 8 7 8 ) - ( 3 . 5 8 6 ) ( 6 2 8 . 1 2 5 ) - - 8 6 7 , 9 8 9 - 1 4 , 1 6 1 5 , 0 1 5 3 , 0 7 5 " 1 0 1 , 8 4 8 8 9 8 . 0 7 1 - 1 . 2 9 3 , 0 7 3 . 2 . 0 6 3 , 3 0 1 7 7 9 , 9 6 3 1 7 , 3 2 1 . 8 3 5 4 0 , 3 1 6 , 7 9 4 ( 2 4 4 . 4 1 9 ) ( 1 2 1 , 1 1 1 ) ( 2 9 7 , 2 3 2 ) ( 2 8 , 4 3 9 ) 8 5 8 , 5 9 1 - 1 . 3 2 7 , 0 9 9 P r i o r p e r i o d a d j u s t m e n t 8 - - - ( 4 5 4 ) N e t a s s e t s a t b e g i n n i n g o f y e a r 1 , 0 6 1 , 2 3 4 1 , 3 9 9 , 1 8 2 9 8 9 , 8 7 7 3 9 0 , 9 1 7 7 , 1 1 9 , 7 3 9 3 3 , 4 7 0 , 0 2 0 N e t a s s e t s a t e n d o f y e a r $ 8 1 6 , 8 2 3 $ $ 1 , 2 7 8 , 0 7 1 $ 6 9 2 , 6 4 5 $ 3 6 2 , 0 2 4 $ 7 , 9 7 8 , 3 3 0 $ 3 4 , 7 9 7 , 1 1 9 . . D e f e r r e d r e v e n u e a t e n d o f y e a r : O p e r a t i n g $ 2 7 , 6 5 1 $ $ 1 2 6 , 0 8 7 $ 2 0 , 0 0 0 $ 6 4 , 0 3 6 $ 9 7 2 , 0 7 9 $ 1 , 5 2 1 , 8 8 8 C a p i t a l 8 3 , 6 6 8 - 1 7 3 , 9 8 9 9 6 , 5 9 0 1 2 , 7 0 5 1 , 4 8 8 , 2 8 2 2 , 6 3 0 , 4 1 2 T o t a l d e f e r r e d r e v e n u e a t e n d o f y e a r $ 1 1 1 , 3 1 9 $ - $ 3 0 0 , 0 7 6 $ 1 1 8 , 5 9 0 $ 7 6 , 7 4 1 $ 2 , 4 6 0 , 3 6 1 $ 4 , 1 5 2 . 3 0 0 R e q u i r e d f a r e r a t i o 1 0 . 0 0 % 0 . 0 0 % 2 0 . 0 0 % 1 0 . 0 0 % 1 0 . 0 0 % 1 7 . 2 2 % 1 7 . 6 8 % A c t u a l f a r e r a t i o 1 0 . 2 0 � A 0 . 0 0 A 2 0 . 0 0 % 9 . 9 0 A ' 1 0 . 8 0 A 1 7 . 3 2 � / 2 0 . 0 1 A F a r e r a t i o c o m p l i a n c e s t a t u s M e t 0 M e t N o t M e t M e t M e t M e t S o u r c e : 2 0 0 5 F i n a n c i a l S t a t e m e n t s N o t e 1 2 0 0 4 a n d 2 0 0 5 a u d i t s h a v e n o t b e e n c o m p l e t e d ; c l t y ' s a u d i t o r s t o c o m p l e t e a u d i t s p e r R C T C n o t i f i c a t i o n N o t e 2 R T A e l e c t e d t o s e l e c t I t s i n d e p e n d e n t p u b l i c a c c o u n t i n g a r m , w h i c h m e t t h e r e q u i r e m e n t s s e t f o r t h b y t h e C o m m i s s i o n I n J a n u a r y 1 9 9 8 . S u m m a r y o f F i n d i n g s : 1 C i t y o f R i v e r s i d e T r a n s i t d i d n o t m e e t f a r e r a t i o r e q u i r e m e n t . T h i s i s Y e a r 1 o f n o n c o m p l i a n c e . 2 S e c t i o n 9 9 2 6 0 5 2 / 2 2 / 2 0 0 6 " " " T r a n s p o r t a t i o n D e v e l o p m e n t A c t A r t i c l e 8 S c h e d u l e Y e a r e n d e d J u n e 3 0 , 2 0 0 5 ( N o t e 1 ) C o u n t y o f B l y t h e R i v e r s i d e R e v e n u e s : I n t e r g o v e r n m e n t a l a l l o c a t i o n s : A r t i c l e 8 $ $ O t h e r r e v e n u e s I n t e r e s t i n c o m e T o t a l r e v e n u e s T o t a l e x p e n d i t u r e s 4 9 5 , 2 7 9 E x c e s s ( d e f i c i e n c y ) o f r e v e n u e s o v e r ( u n d e r ) e x p e n d i t u r e s ( 4 9 5 , 2 7 9 ) P r i o r p e r i o d a d j u s t m e n t s ( 6 , 3 7 0 ) F u n d b a l a n c e s a t b e g i n n i n g o f y e a r ( 4 2 , 5 2 4 ) F u n d b a l a n c e s a t e n d o f y e a r $ ( 5 4 4 , 1 7 3 ) $ S o u r c e : 2 0 0 5 F i n a n c i a l S t a t e m e n t s N o t e 1 2 0 0 4 a n d 2 0 0 5 a u d i t s h a v e n o t b e e n c o m p l e t e d . S u m m a r y o f O b s e r v a t i o n s ( A r t i c l e 8 a l l o c a t i o n s f o r W e s t e r n C o u n t y a n d C o a c h e l l a V a l l e y e n d e d i n 1 9 9 3 a n d 1 9 8 7 , r e s p e c t i v e l y , a s a v a i l a b l e L T F f u n d s a r e n o w u s e d t o m e e t t r a n s i t n e e d s . A r t i c l e 8 a l l o c a t i o n s f o r P a l o V e r d e V a l l e y a r e s u b j e c t t o a n a n n u a l u n m e t n e e d s h e a r i n g . ) 1 B l y t h e h a s s i g n i f i c a n t n e g a t i v e f u n d b a l a n c e . E x p e n d i t u r e s w e r e n o t b u d g e t e d f o r . N o d i s b u r s e m e n t s o f A r t i c l e 8 r e v e n u e t o B l y t h e h a v e b e e n m a d e i n r e c e n t y e a r s d u e t o u n m e t n e e d s i n P V V . S e c t i o n 9 9 4 0 0 ( a ) 6 2 / 2 2 / 2 0 0 6 " M e a s u r e A S p e c i a l i z e d T r a n s i t S c h e d u l e Y e a r E n d e d J u n e 3 0 , 2 0 0 5 P a r t n e r s f o r C a r e I n l a n d A i d s I n d e p e n d e n t C a r e - A - V a n C o n n e x x u s P r o j e c t L i v i n g V o l u n t e e r C e n t e r O p e r a t i n g r e v e n u e s : M e a s u r e A $ 1 9 5 , 5 0 0 $ 6 5 , 0 0 0 $ 8 9 , 0 0 0 $ 3 0 4 , 9 7 3 $ I n t e r e s t i n c o m e 4 6 7 O t h e r r e v e n u e 9 9 , 9 5 8 T o t a l o p e r a t i n g r e v e n u e s 1 9 5 , 5 0 0 1 6 4 , 9 5 8 8 9 , 0 0 0 3 0 5 , 4 4 0 T o t a l o p e r a t i n g e x p e n s e s E x c e s s ( d e f i c i e n c y ) o f o p e r a t i n g r e v e n u e s o v e r ( u n d e r ) o p e r a t i n g e x p e n s e s N o n o p e r a t i n g r e v e n u e : T r a n s f e r s i n ( o u t ) C h a n g e i n n e t a s s e t s P r i o r p e r i o d a d j u s t m e n t N e t a s s e t s a t b e g i n n i n g o f y e a r N e t a s s e t s a t e n d o f y e a r D e f e r r e d r e v e n u e s M a t c h r e q u i r e m e n t A c t u a l m a t c h M a t c h r e q u i r e m e n t c o m p l i a n c e s t a t u s S o u r c e : 2 0 0 5 F i n a n c i a l S t a t e m e n t s 2 0 9 , 8 7 0 1 6 4 , 9 5 8 8 9 , 0 0 0 3 0 5 , 4 4 0 ( 1 4 , 3 7 0 ) ( 1 4 , 3 7 0 ) 3 0 , 7 4 2 $ 1 6 , 3 7 2 $ $ - $ - 1 9 , 7 7 7 - 3 2 , 7 2 8 - $ 1 9 , 7 7 7 $ - $ 3 2 , 7 2 8 $ 9 8 , 0 0 0 $ 6 5 , 0 0 0 $ 8 9 , 0 0 0 $ 3 9 3 , 4 1 0 $ ( N o t e 1 A ) ( N o t e 1 A ) ( N o t e 1 A ) ( N o t e 1 B ) F r i e n d s o f M o r e n o B l i n d n e s s B e a u m o n t V a l l e y S u p p o r t U S D D P I $ 4 4 , 8 0 0 $ 6 2 , 4 6 5 $ 4 5 , 9 7 7 N / A $ 7 9 , 5 4 7 $ 6 2 , 4 7 0 $ 2 6 , 3 5 1 N / A $ . 9 9 , 9 5 8 $ 8 9 , 0 0 0 $ 6 4 1 , 9 9 4 $ - $ 2 2 , 4 0 0 N / A $ 2 6 , 8 2 1 M e t M e t M e t _ I n C o m p l N / A I n C o m p l N o t e 1 A F u l l - s c o p e a u d i t w a s n o t p e r f o r m e d d u e t o g r a n t a m o u n t s a n d / o r p u r p o s e ; h o w e v e r , a g r e e d - u p o n p r o c e d u r e s w e r e p e r f o r m e d r e l a t e d t o t h e a g r e e m e n t a n d g r a n t e x p e n d i t u r e s . N o t e 1 B D P I p r o v i d e d a d m i n i s t r a t i o n s e r v i c e s f o r t h e t a x i - d e m o n s t r a t i o n p r o g r a m . A g r e e d - u p o n p r o c e d u r e s w e r e p e r f o r m e d r e l a t e d t o t h e a g r e e m e n t . N o t e 2 N o t e 3 S u m m a r y o f O b s e r v a t i o n s ( M e a s u r e A s p e c i a l i z e d t r a n s i t g r a n t s a r e p r o v i d e d i n t w o - y e a r c y c l e s , m o s t . r e c e n t c y c l e e n d e d J u n e 3 0 , 2 0 0 4 ) a n d F i n d i n g s 1 C a r e - A - V a n ' s i n - k i n d m a t c h i n c l u d e d v o l u n t e e r t i m e f o r f u l l - l i m e s a l a r i e d p r o g r a m c o o r d i n a t o r a s w e l l a s p o t e n t i a l l y i n s u f f i c i e n t s u p p o r t i n g d o c u m e n t a t i o n c r e a t e d i n t e r n a l l y . 2 C a r e C o n n e x x u s h a d t w o f i n d i n g s r e g a r d i n g g e n e r a l l i a b i l i t y a n d a u t o m o b i l e I n s u r a n c e p l a c e d w i t h i n s u r e r s n o t m e e t i n g R C T C r e q u i r e m e n t . 3 I n l a n d A i d s h a d c u r r e n t y e a r f i n d i n g r e g a r d i n g i n s u r a n c e w i t h i n s u r e r n o t m e e t i n g R C T C m i n i m u m s t a n d a r d s w h i c h w a s c o r r e c t e d a s o f 7 / 1 / 0 5 . 4 B e a u m o n t U S D h a s u n e x p e n d e d b a l a n c e w h i c h m u s t h a v e R C T C a p p r o v a l f o r c a r r y o v e r I n t o F Y 2 0 0 6 . M e a s u r e A S p e c i a l i z e d T r a n s i t _ 2 / 2 2 / 2 0 0 6 Measure A Local Streets and Roads Schedule Year ended June 30, 2005 Revenues: Intergovernmental allocations: Measure A Reimbursements Reimbursements from regional arterial program Other revenues Interest income Total revenues Expenditures: Construction and maintenance Engineering and administration Land Regional arterial improvements Debt service: Principal Interest Total expenditures Excess (deficiency) of revenues over (under) expenditures Transfers in (out) Excess (deficiency) of revenues and transfers in over (under) expenditures Prior period adjustment Fund balances at beginning of year Fund balances at end of year • Western County Banning Beaumont Calimesa Corona Hemet Lake Elsinore Moreno Valley Murrieta Norco (Note 1) (Draft) (Draft) $ 688,316 $ $ 176,383 $ 4,790,754 $ 1,841,621 $ 1,202,503 $ 4,117,231 $ 2,150,022 $ 883,118 1,525 8,063 10,383 146,248 62,479 696,379 186,766 4,938,527 1,904,100 571,038 571,038 125,341 (11,418) 113,923 544,029 $ 657,952 - 120,084 - 120,084 - 66,682 510,801 $ 510,801 66,682 7,933 485,152 $ 559,767 $ 1,528,596 242,343 591,500 14,215 1,216,718 726,646 749 174,279 5,018,905 195,862 110,203 117,611 2,260,225 1,196,591 634,958 68,063 5,771,391 482,509 732,060 400,817 173,526 190,974 117,215 2,611 - - 46,846 2,880,471 634,958 244,200 5,771,391 482,509 969,880 2,058,056 1,269,142 972,518 (752,486) 1,777,716 226,711 - - (483,000) 250,000 - - 2,058,056 1,269,142 489,518 (502,486) 1,777,716 226,711 6,403,777 2,263,686 497,984 5,655,678 4,336,106 4,570,266 6,461,833 $ 3,532,828 $ 987,502 $ 5,153,192 $ 6,113,822 $ 4,796,977 Measure A LSR 1 of 6 2/22/2006 8 Measure A Local Streets and Roads Schedule Year ended June 30, 2005 Western County Banning Beaumont Calimesa Corona Hemet Lake Elsinore Moreno Valley Murrieta Norco Components of fund balances: Reserved for encumbrances $ - $ - $ - $ 419,394 $ 104,495 $ 60,000 $ 1,495,902 $ - $ Reserved for specific projects 2,872,047 Reserved for continuing appropriations - . Reserved for advances - 797,810 Designated for specific/future projects or cont approp - - 2,378,865 - - Unreserved, undesignated 657,952 - 559,767 5,170,392 3,428,333 927,502 1,278,425 6,113,822 3,999,167 Total fund balances by component $ 657,952 $ - $ 559,767 $ 8,461,833 $ 3,532,828 $ 987,502 $ 5,153,192 $ 6,113,822 $ 4,796,977 Fund balance by year received: 2005 $ 657,952 $ - $ 186,766 $ 4,938,527 $ 1,904,100 $ 987,502 $ 5,018,905 $ 2,260,225 $ 1,196,591 2004 - - 170,598 3,523,306 1,628,728 - 134,287 1,421,978 853,870 2003 - 175,306 - - 1,504,995 1,117,103 2002 - 27,097 - 926,624 595,204 2001 657,521 1998 376,688 Total fund balances by year received $ 657,952 $ - $ 559,767 $ 8,461,833 $ 3,532,828 $ 987,502 $ 5,153,192 $ 6,113,822 $ 4,796,977 Notes payable to RCTC at end of year Amount of Excess MOE at end of year MOE compliance status Source: 2005 Financial Statements $ - $ - $ - $ 1,907,264 $ - Pd off 2005 $ - $ - $ 797,810 $ 2,382,401 $ - N/A $ 23,566,809 $ 4,957,906 $ 8,319,699 $18,511,398 N/A $ 2,904,550 Met N/A Met Met w/use of Met Met N/A Met (Note 2) excess MOE (Note 2) Measure A LSR 2 of 69 2/22/2006 • • • Measure A Local Streets and Roads Schedule Year ended June 30, 2005 7 Western Count Coachella Valley -u•strarraT' ITesePt-Ra- Perris Riverside San Jacinto Temecula City Coachella Springs Indian Wells (Draft) (Draft) Revenues: Intergovernmental allocations: Measure $ 1,145,171 $ 8,827,615 $ 678,134 $3,155,455 $1,615,093 $ - $ 334,053 $ 215,025 Reimbursements Reimbursements from regional arterial program Other revenues - 128 - - - - Interest income 84,336 680,759 21,915 115,599 56,646 11,142 14,811 18,321 Total revenues 1,229,507 9,508,502 700,049 3,271,054 1,671,739 11,142 348,864 233,346 Expenditures: Construction and maintenance 254,007 12,034,932 1,882,952 - 1,579,210 549,990 415,927 Engineering and administration - Land - Regional arterial improvements Debt service: Principal 171,663 117,416 451,584 Interest 43,692 29,885 114,938 - - Total expenditures 469,362 12,034,932 2,030,253 566,522 1,579,210 - 549,990 415,927 Excess (deficiency) of revenues over(under)expenditures 760,145 (2,526,430) (1,330,204) 2,704,532 92,529 11,142 (201,126) (182,581) Transfers in (out) (10,000) 4,975,000 (2,546,000) - 100,000 Excess (deficiency) of revenues and transfers in over (under) expenditures 750,145 2,448,570 (1,330,204) 158,532 92,529 11,142 (101,126) (182,581) Prior period adjustment - - (1) - Fund balances at beginning of year 3,077,378 37,208,703 2,338,268 4,555,084 2,969,615 809,837 835,506 771,899 Fund balances at end of year $ 3,827,523 $ 39,657,273 $ 1,008,063 $ 4,713,616 $3,062,144 $ 820,979 $ 734,380 $ 589,318 Measure A LSR 3 of 1 Q 2/22/2006 Measure A Local Streets and Roads Schedule Year ended June 30, 2005 Components of fund balances: Reserved for encumbrances Reserved for specific projects Reserved for continuing appropriations Reserved for advances Designated for specific/future projects or cunt approp Unreserved, undesignated Total fund balances by component Fund balance by year received: 2005 2004 2003 2002 2001 1998 Total fund balances by year received Notes payable to RCTC at end of year Amount of Excess MOE at end of year MOE compliance status Source: 2005 Financial Statements Measure A LSR • Perris Western County. Riverside San Jacinto 1 I ' -us Rout Temecula City Coachella Valley —OZP Thrt— Coachella Springs Indian Wells - $ 5,757,075 $ 24,582 $ - 22,868,370 3,827,523 11,031,828 $ 3,827,523 $ 39,657,273 983,481 $ 1,008,063 4,713,616 3,062,144 820,979 $ 4,713,616 $3,062,144 $ 820,979 734,380 $ 734,380 $ 589,318 589,318 $ 1,229,507 $ 9,508,502 $ 441,14-5 $ 3,271,054 $1,671,739 1,107,190 8,402,011 - 1,442,562 1,390,405 1,235,464 9,308,641 255,362 7,969,961 4,468,158 566,918 $ 11,142 375,960 433,877 $ 348,864 $ 286,456 99,060 233,346 186,241 169,731 $ 3,827,523 $ 39,657,273 $ 1,008,063 $ 4,713,616 $3,062,144 $ 820,979 $ 734,380 $ 589,318 $ 751,003 $ $ 12,750,688 $ 9,879,338 Met Met w/use of excess MOE $ 514,335 $ 1,978,126 $ - $ $ 9,122,140 N/A $1,625,992 Met N/A Met (Note 2) 4of 11 • $1,275,779 $ 295,467 $ 17,285,374 Met w/use of Met w/use of Met excess MOE excess MOE 2/22/2006 • 900Z/ZZ/Z $ L9b'b69 (4 0PN) Z6 g jo g $ b94'06Z'4 $ 9L6'4L0'Z $ 90L'E49`9 $ £b4'0179'9 $ E4990s`b $ L6E`OL0'4 Zeb'E8£'Z 817C$b9`b 964'LZ6'E 499'99017 L9L'64Z (LO9'80£) L96'£66 Lbe£46'4 Z£4` 49b L9L'64Z (Loner) 1:1S1 V emseew creed jo pue seoueleq pund aes/ jo 6uluul6eq;e seoueleq pund (ueugsnlpe pored aoud san;lpuedxa (aepun) aeon ul sae;suea; pue senuena;o (louelogep) sseox3 ESL Ono) ul saejsueal L96'£66 Lbt£46'4 6LE'0917 Z44'40L 9L£'LZ9'$ 699'LbE'4 EZ4'044'4 LEb'E00'4 9Zb`009 Z44`40L 9L£`LZ9'E EEZ`Lb9 £Z4'044'L LEb'£00`4 698'0Z6 698'94£'£ 949`44E`Z OL9`EZO`E 949`E9b`4 Z9$'9Z 9E£`09 99Z'ZZ4 649`9L 96n 906`£8b 699`LSE`Z 990'LE 0E9`499 $ »9'099 $ 69£'969'4 $ 9Z0'99E`Z $ ZL9'49E`4 I eplsaenla 1 e41119 e6ealw s6uuds wled Pose° wled }o l;uno0 ! -/-Va4V2L I I AelleA l LelleA elle43e00 I----1.2PJedJSc1J bb 4`Z6 olpul sampuedxe (aepun) aeno senuena jo (Iloueloyep) sseox3 san;lpuedxe le;ol ;seaa;ul ledloupd :eopues Aea s;uewanoadwl O ape leuol6a8 puei uopa;slulwpe pue 6uueeupu3 eoueue;ulew pue uop mesuo0 :seanepuedx3 senuana le;ol ewooul;sae;ul s811ueneaae1.140 wea6oad leuepe leuol6ea way s;uewesangwlet' s;uewesangwlea y emseew :suopeoope le;uewweno6ae;ul :sanuena son '0£ eunr pepue 1e6A empeyos spent' pue spasms pool y emseew Measure A Local Streets and Roads Schedule Year ended June 30, 2005 Components of fund balances: Reserved for encumbrances Reserved for specific projects Reserved for continuing appropriations Reserved for advances Designated for specific/future projects or cont approp Unreserved, undesignated Total fund balances by component Fund balance by year received: m13CreTde r----i Coachella Vallexr ` Valley 'Ran'cfio t County of' Indio Palm Desert Palm Springs Mirage Blythe Riverside j $ 412,774 $ 1,282,166 $ 2,074,975 $ - $ 2,541,335 6,425,029 2,886,334 4,506,813 (2,163,490) - 1,290,154 $ 4,506,813 $ 5,840,443 $ 5,543,705 $ 2,074,975 $ 1,290,154 $ 2005 $ 1,453,816 $ 3,023,670 $ 2,341,616 $ 2,074,975 $ 920,869 $ 2004 1,205,818 2,816,773 1,869,158 - 369,285 2003 1,315,046 - 1,332,931 - 2002 532,133 2001 - 1998 Total fund balances by year received $ 4,506,813 $ 5,840,443 $ 5,543,705 $ 2,074,975 $ 1,290,154 $ Notes payable to RCTC at end of year $ $ - $ $ $ Amount of Excess MOE at end of year $ 18,234,908 $ 61,899,569 $ 20,738,046 $ 26,305,581 $ 2,534,639 $ MOE compliance status Met Met Met Met Met w/use of excess MOE Source: 2005 Financial Statements Measure A LSR 6 of 13 2/22/2006 " " M e a s u r e A L o c a l S t r e e t s a n d R o a d s S c h e d u l e Y e a r E n d e d J u n e 3 0 , 2 0 0 5 N o t e 1 2 0 0 4 a n d 2 0 0 5 a u d i t s h a v e n o t b e e n c o m p l e t e d . S u m m a r y o f O b s e r v a t i o n s a n d F i n d i n g s 1 I n d i o h a s a c c u m u l a t e d o v e r 3 y e a r s o f r e v e n u e i n f u n d b a l a n c e . 2 N o r c o h a s a c c u m u l a t e d o v e r 3 y e a r s o f r e v e n u e i n f u n d b a l a n c e . 3 C a l i m e s a h a s a c c u m u l a t e d o v e r 3 y e a r s o f r e v e n u e i n f u n d b a l a n c e . 4 C o a c h e l l a h a d n o t s u b m i t t e d 5 y r C I P u n t i l 1 2 / 0 5 a n d i t w a s a p p r o v e d a t 1 / 0 6 R C T C m e e t i n g . A d d i t i o n a l l y , c i t y h a d n o t c o m p l e t e d I t s s t a t e c o n t r o l l e r s s t r e e t r e p o r t r e q u i r e d f o r M O E c a l c u l a t i o n a n d a m o u n t f o r M O E w a s s h o w n a s $ 0 . C i t y u s e d e x c e s s M O E c a r r y o v e r , w h i c h w a s s u f f i c i e n t t o m e e t c u r r e n t y e a r r e q u i r e m e n t a n d w i l l b e s u f f i c i e n t t h r o u g h t h e e n d o f M e a s u r e A . 5 M u r r i e t a h a s a c c u m u l a t e d o v e r 3 y e a r s o f r e v e n u e i n f u n d b a l a n c e . 6 N o r c o a n d S a n J a c i n t o h a v e u n e x p e n d e d i n v e s t m e n t s f r o m 1 9 9 7 b o n d s i s s u e d b y R C T C f o r l o c a l p r o j e c t s . 7 R i v e r s i d e h a s a c c u m u l a t e d o v e r 3 y e a r s o f r e v e n u e i n f u n d b a l a n c e . 8 P e r r i s h a s a c c u m u l a t e d o v e r 3 y e a r s o f r e v e n u e i n f u n d b a l a n c e . M e a s u r e A L S R C o m m e n t s 1 1 4 2 / 2 2 / 2 0 0 6 AGENDA ITEM 7B • RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 8, 2006 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Theresia Trevino, Chief Financial Officer THROUGH: Eric Haley, Executive Director SUBJECT: Transportation Uniform Mitigation Fee (TUMF) Statewide Community Infrastructure Program Financing through BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to approve in -concept the Commission's participation in the Statewide Community Infrastructure Program (SCIP). BACKGROUND INFORMATION: At the Commission's June 2005 retreat, staff made a presentation regarding TUMF fee financing, as several developers have expressed an interest in tax-exempt financing of Western County TUMF fees. The proposed TUMF fee financing plan consisted of the issuance of debt by Riverside County (County); the transfer of debt proceeds to the Commission and the Western Riverside Council of Governments (WRCOG); and the administration, management, and expenditure of debt proceeds by the Commission and WRCOG. As a result of various issues and concerns discussed during the presentation, there was a lack of support for this TUMF fee financing proposal. The Commission's response was reported at a working group meeting of Commission, WRCOG, County staffs, developers and consultants in June 2005. At subsequent meetings of the working group in November 2005 and December 2005, County staff and its consultants presented a new proposal whereby the County would apply for participation in the California Statewide Communities Development Authority's SCIP for development impact fee financing in unincorporated County areas utilizing 1913/1915 Act special assessment obligations. TUMF fees would be financed through SCIP, the issuer of the debt, under a reimbursement program or prefunding program. Based on a building permit survey of 21 developers interested in participating in the SCIP program, it appears that SCIP revenues available to the Commission for Western County regional arterial expenditures could approximate $56 million over a three-year period. The County's formal request for the Commission's participation in the SCIP program is included as an attachment. Agenda Item 7B 15 The issuance and administration of debt would be the responsibility of SCIP. As eligible infrastructure expenditures are incurred, the Commission would submit to SCIP a requisition for disbursement. The Commission would have no administrative responsibilities other than submitting such requisitions to pay expenditures. Accordingly, no additional costs for the Commission are associated with the SCIP. In order to participate in the SCIP program, the County would need to adopt a resolution to join the SCIP, and the Commission and WRCOG would need to enter into a fee collection and disbursement agreement. The proposed agreement, which is subject to legal counsel review by all parties, as well as a process flowchart regarding the County's proposed SCIP are included as attachments to the County's letter. Staff is requesting that the Committee approve in -concept the Commission's participation in the SCIP as it relates to the financing of TUMF fees in the unincorporated areas of Western County. Attachment: County Request for RCTC's Participation in SCIP Agenda Item 7B 16 " " E x e c u t i v e O f f i c e C o u n t y o f R i v e r s i d e E r i c M a l e y E x e c u t i v e D i r e c t o r R i v e r s i d e C o u n t y T r a n s p o r t a t i o n C o m m i s s i o n 4 0 8 0 L e m o n . S t r e e t , 3 r o F l o o r R i v e r s i d e , C A 9 2 5 0 1 D e a r E r i c , L a r r y P a r r i s h C o u n t y E x e c u t i v e O f f i c e r F e b r u a r y 1 6 , 2 0 0 6 A s y o u a r e a w a r e , R i v e r s i d e C o u n t y i s e x p e r i e n c i n g u n p r e c e d e n t e d p o p u l a t i o n g r o w t h . W i t h t h a t g r o w t h c o m e s t h e n e e d t o p r o v i d e n e c e s s a r y i n f r a s t r u c t u r e i n a t i m e l y m a n n e r , p a r t i c u l a r l y i n t h e a r e a o f t r a n s p o r t a t i o n . T h e C o u n t y i s a d d r e s s i n g t h i s g r o w t h t h r o u g h f a r m i n g c o m m u n i t y f a c i l i t i e s d i s t r i c t s a n d d e v e l o p i n g a n a r e a p l a n i m p l e m e n t a t i o n p r o g r a m t h a t w i l l a d d r e s s g r o w t h o n a c o m m u n i t y - w i d e b a s i s , A t h i r d o p t i o n t h e C o u n t y i s c o n s i d e r i n g , i s t o a l l o w d e v e l o p e r s , w h o s e d e v e l o p m e n t i s n o t e l i g i b l e f o r a C F D , o r n o t i n a n a r e a p l a n i m p l e m e n t a t i o n p r o g r a m , t o p a r t i c i p a t e i n t h e S t a t e w i d e C o m m u n i t y I n f r a s t r u c t u r e P r o g r a m ( " S C I P " ) t o f i n a n c e o f t h e i r T U M F o b l i g a t i o n s . T h i s p r o g r a m w o u l d o n l y b e o f f e r e d t o d e v e l o p m e n t s i n t h e u n i n c o r p o r a t e d a r e a s o f t h e c o u n t y . B e c a u s e t h e T U M F i s c o l l e c t e d b y t h e C o u n t y o n b e h a l f o f R C T C a n d W R C O G , i t i s n e c e s s a r y f o r b o t h a g e n c i e s t o f o r m a l l y a c k n o w l e d g e t h e i r p a r t i c i p a t i o n i n t h e p r o g r a m . A s s u c h , t h e C o u n t y i s f o r m a l l y r e q u e s t i n g R C T C ' s c o n s i d e r a t i o n t o p a r t i c i p a t e i n t h e S L I P p r o g r a m . F o r y o u r r e v i e w , I h a v e a t t a c h e d s a m p l e d o c u m e n t s t h a t m u s t b e a p p r o v e d b y t h e C o u n t y , R C T C a n d W R C O G , a n d a f l o w c h a r t o n h o w t h e p r o g r a m w o u l d w o r k . A n a c t i o n b y y o u r ' B o a r d t o a p p r o v e t h e p r o g r a m i n - c o n c e p t w o u l d b e s u f f i c i e n t f o r t h e C o u n t y t o f o r m a l l y a p p r o v e t h e p r o g r a m , f o l l o w e d b y y o u r B o a r d f o r m a l l y a p p r o v i n g p a r t i c i p a t i o n i n t h e p r o g r a m : T h a n k y o u i n a d v a n c e f o r y o u r w i l l i n g n e s s t o p a r t i c i p a t e . T h e S C I P i n f o r m a t i o n a l m a t e r i a l , p r o v i d e d t o y o u a t p r e v i o u s m e e t i n g s , s h o u l d h a v e a d e q u a t e l y e x p l a i n e d t h e S L I P p r o g r a m . I f n o t , p l e a s e f e e l f r e e t o c o n t a c t m y s e l f a t 9 5 5 - 1 1 2 7 , o r A d a m B a u e r w i t h F i e l d m a n , R o l a p p a n d A s s o c i a t e s , o u r f i n a n c i a l a d v i s o r , a t ( 9 4 9 ) 6 6 0 - 8 5 0 0 . S i n c e r e l y , D e a n D e i n e s - �� D e p u t y C o u n t y E x e c u t i v e O f f i c e r R i v e r s i d e C o u n t y E x e c u t i v e O f f i c e R o b e r t T . A n d e r s e n A d m i n i s t r a t i v e C e n t e r 4 0 8 0 L e m o n S t r e e t " 4 ' " F l o o r " R i v e r s i d e , C a l i f o n o f 9 2 5 0 1 " ( 9 5 1 ) 9 5 5 - 1 1 0 0 " F a x ( 9 5 1 ) 9 5 5 - 1 1 0 5 attachments cc: Supervisor John Tavaglione, 2°d District Supervisor Marion Ashley, 5th District John Field, 2nd District Darcy Kuenzi, 5h District. Rick Bishop, WRCOG Ruthanne Taylor -Berger, WRCOG Hideo Sugita, RCTC Theresia Trevino, RCTC Robert T. Andersen Administrative Center 4080 Lemon Street • 4h Floor • Riverside, Califo92501 • (951) 9554100+ Fax (951) 955=1105 " " R i v e r s i d e C o u n t y S t a t e w i d e C o m m u n i t y I n f r a s t r u c t u r e P r o g r a m I n i t i a l P r o c e d u r e s T o P a r t i c i p a t e I n S C I P : S C I P A t t o r n e y s P r e p a r e F e e a n d C o l l e c t i o n A g r e e m e n t s a n d R e s o l u t i o n R C T C I n - c o n c e p t A p p r o v e s F e e a n d C o l l e c t i o n A g r e e m e n t - - - - C o u n t y ( E x e c u t i v e O f f i c e P r e p a r e S C I P ' A p p r o v a l S t a n d a r d s a n d M a n u a l a n d I R e s o l u t i o n s R e q u i r e d f o r B o a r d A p p r o v a l W R C O G I n - c o n c e p t A p p r o v e s F e e a n d C o l l e c t i o n A g r e e m e n t R i v e r s i d e C o u n t y B o a r d o f S u p e r v i s o r s A p p r o v e s R e s o l u t i o n t o P a r t i c i p a t e i n S C I P 1 R C T C A p p r o v e s F e e I W R C O G A p p r o v e s a n d C o l l e c t i o n F e e a n d C o l l e c t i o n A g r e e m e n t A g r e e m e n t P r o c e d u r e s R e q u i r e d D e v e l o p e r S u b m i t s A f t e r B o a r d A p p r o v a l : A p p l i c a t i o n ? C o u n t y E x e c u t i v e O f f i c e R e v i e w s , _ A p p l i c a t i o n f o r C o m p l e t e n e s s h r a n d M i n i m u m S t a n d a r d s E E 1 R C T C C o n c u r s w i t h D e v e l o p e r A p p l i c a t i o n a n d v e r i f i e s t h a t i t c a n s p e n d f u n d s w i t h i n 3 Y e a r n A c t i o n s R e q u i r e d K e y ' C o u n t y e f a m R i v e r s i d e 1 1 1 1 S C I P � R C T C N V R C O G R i v e r s i d e C o u n t y E x e c u t i v e O f f i c e e l l D e v e l o p e r W h o l o w W i s h e s T o P a r t i c i p a t e T W R C O G C o n c u r s w i t h D e v e l o p e r A p p l i c a t i o n a n d v e r i f i e s t h a t i t c a n s p e n d f u n d s w i t h i n 3 , Y e a r s C o u n t y E x e c u t i v e O f f i c e A c c e p t e d A p p l i c a t i o n I s S e n t t o S C I P S C I P : P r o c e s s e s , F o r m s D i s t r i c t a n d I s s u e s B o n d s 1 9 i i _ r " F i e l d t n a n , K o l a p p = l & A s s o c i a t e s N O E P E N D E M F I W O I C t u A N D N V E M M E N E A w Q O R $ C O 2 0 0 6 " F E E C O L L E C T I O N A N D �'I S B U R S E M E N T A G R E E M E N T T h i s F E E C O L L E C T I O N A N D D I S B U R S E M E N T A G R E E M E N T ( t h i s " A g r e e m e n t " ) , d a t e d a s o f F e b r u a r y 1 , 2 0 0 6 , b y a n d a m o n g t h e R I V E R S I D E C O U N T Y ' T R A N S P O R T A T I O N C O M M I S S I O N ( " F e e R e c i p i e n t " ) , a C a l i f o r n i a R I V E R S I D E C O U N T Y , a p o l i t i c a l s u b d i v i s i o n o f t h e S t a t e o f C a l i f o r n i a ( " C o u n t y " ) a n d t h e C A L I F O R N I A S T A T E W I D E C O M M U N I T I E S D E V E L O P M E N T A U T H O R I T Y ( " C S C D A " ) ; W I T N E S S E T H : W H E R E A S , t h e F e e R e c i p i e n t i s e n t i t l e d t o r e c e i v e f r o m t i m e t o t i m e c e r t a i n a m o u n t s p a i d b y d e v e l o p e r s o f r e a l p r o p e r t y ( e a c h a " D e v e l o p e r " ) w i t h i n t h e j u r i s d i c t i o n o f C o u n t y a s i m p a c t f e e s , c o n n e c t i o n f e e s o r o t h e r c a p i t a l c h a r g e s ; W H E R E A S , t h e C o u n t y i s a p a r t i c i p a n t i n C S C D A ' s S t a t e w i d e C o m m u n i t y I n f r a s t r u c t u r e P r o g r a m ( " S C I P " ) ; W H E R E A S , a s a p a r t i c i p a n t i n S C I P , t h e C o u n t y h a s e s t a b l i s h e d a n a c c o u n t w i t h C S C D A h e l d b y W e l l s F a r g o B a n k , N a t i o n a l A s s o c i a t i o n , a s t r u s t e e ( t h e " S O P T r u s t e e " ) a n d a d m i n i s t e r e d b y B o n d L o g i s t i x L L C ( t h e " S L I P P r o g r a m A d m i n i s t r a t o r " ) M w h i c h c e r t a i n a m o u n t s c o l l e c t e d o n b e h a l f o f t h e C o u n t y i n c o n n e c t i o n w i t h S C I P a r e h e l d ( t h e " C o u n t y S C I P A c c o u n t " ) ; W H E R E A S , c e r t a i n f e e s o r c a p i t a l c h a r g e s c o l l e c t e d b y F e e R e c i p i e n t a r e e l i g i b l e f o r f i n a n c i n g t h r o u g h S C I P , s u b j e c t t o a p p r o v a l b y B o n d C o u n s e l ( t h e " F e e s " ) ; W H E R E A S , t h e F e e s m a y b e p a i d t o F e e R e c i p i e n t b y D e v e l o p e r s , f o r s u b s e q u e n t . r e i m b u r s e m e n t f r o m t h e p r o c e e d s o f b o n d s ( t b e " B o n d s " ) i s s u e d t h r o u g h S C I P , o r t h e F e e s m a y b e p a i d d i r e c t l y t o F e e R e c i p i e n t f r o m p r o c e e d s o f t h e B o n d s ; W H E R E A S , i n o r d e r t o a l l o w t h e F e e s t o b e f i n a n c e d t h r o u g h S L I P , F e e R e c i p i e n t h a s r e q u e s t e d t h a t f o r a n y p a r c e l w h i c h a p p l i e s f o r S L I P f i n a n c i n g , C o u n t y c o l l e c t t h e F e e s a n d r e m i t t h e m t o C S C D A f o r d e p o s i t i n a s e p a r a t e s u b a c c o u n t w i t h i n t h e . C o u n t y S C I P i l c e m m t ; W H E R E A S , i n a c c o r d a n c e w i t h F e e R e c i p i e n t ' s r e q u e s t , a n d i n o r d e r t o a l l o w t h e F e e s t o b e f i n a n c e d t h r o u g h S C I P , t h e C o u n t y h a s d e t e r m i n e d t o c o l l e c t t h e F e e s o n F e e R e c i p i e n t ' s b e h a l f a n d t o r e m i t t h e F e e s t o C S C D A t o b e h e l d i n a s e p a r a t e s u b a c c o u n t w i t h i n t h e C o u n t y S C I P A c c o u n t , a n d t o m a k e o r c a u s e t o b e m a d e d i s b u r s e m e n t s f r o m s u c h s u b a c c o u n t i n a c c o r d a n c e w i t h p r o p e r l y e x e c u t e d r e q u i s i t i o n s o f t h e F e e R e c i p i e n t i n t h e f o r m a t t a c h e d a s E x h i b i t B h e r e t o ; F O L L O W S : D O C S S F 7 : 7 9 9 2 4 0 2 4 0 9 2 9 - 3 1 7 J 7 8 N O W , T H E R E F O R E , T H E P A R T I E S H E R E T O M U T U A L L Y A G R E E A S . 2 0 Section I. Definitions. As used herein, the following capitalized terms shall have the meanings ascribed to them below: "Authorized Officer" means (a) when used with respect to CSCDA, any member of the governing board of CSCDA and such additional person or persons, if any, duly designated by CSCDA in writing to act on its behalf, and (b) when used with respect to Fee Recipient, any person or persons duly designated by Fee Recipient in writing to act on its behalf,. "Bond Counsel" means Orrick, Herrington & Sutcliffe LLP, or any other nationally recognized firm appointed by CSCDA to serve as bond counsel in connection with the issuance of Bonds. "Bonds" means bonds issued by CSCDA to finance development impact fees, including the Fees, in connection with SCIP. "Capital Improvements" has the meaning given to that tern in Section 4. "County" means the County of Riverside, California.. "County SCIP Account" means the County's account with CSCDA held by the SCIP Trustee and administered by the SLIP Program Administrator in which certain amounts collected on behalf of the County in connection with SCIP are held. "CSCDA" means the California Statewide CommunitiesDevelopment Authority, its successors and assigns. "Fee Recipient" means the Riverside County Transportation Commission, a California "Fees" means those certain development impact fees to be financed through SCIP, approved by Bond Counsel and payable from time to tune to Fee Recipient. CSCDA: "SCIP" means the Statewide Community Infrastructure Program, a program of "SCIP Funds" means payments of Fees received by Fee Recipient, as more fully described in Section 3, together with all of the investment earnings on such Fees. "SCIP Program Administrator"' means Bond Logistix LLC, its successors and assigns or any other administrator appointed by CSCDA as the administrator of SCIP. "SCIP Trustee" means Well Fargo Bank, National Association, its successors and assigns. Section 2. Collection of Fees: SCIP Financing: (a) Fee Recipient acknowledges that it has the authority to collect and use the Fees for its awn benefit. Fee Recipient acknowledges that, subject to approval as set forth in DOCSSFE799240.2 40929-317 j78 Section 3, the Fees may be financed through SCIP, and agrees to allow the County to collect the Fees from time to time with respect to properties applying for SCIP financing on the Fee Recipient's behalf (i) from Developers prior to the issuance of a particular series of Bonds, or (ii) from proceeds of a particular series of Bonds' following the issuance of such Bonds. (b) For any property applying for SLIP financing of the Fees, the County agrees to collect the Fees from time to time for the Fee Recipient's benefit. Upon collection; the County shall remit the Fees to CSCDA, to be deposited as set forth in Section 4. Section 3. Approval of Fees. The Authorized Officers of Fee Recipient, or their designees, are authorized under this Agreement to approve the financing of Fees. No Fee may be financed through SCIP except with the written approval of an Authorized Officer of Fee Recipient or his designee, which approval shall be evidenced by the signature of such Authorized Officer next to each such Fee shown on Exhibit A attached hereto. Section 4. Agreement to Fold Fees in SCIP Account. CSCDA agrees to receive or cause to be received by the SCIP Trustee the Fees collected by the County on behalf of the Fee Recipient. CSCDA shalt establish or cause to be established within the County SCIP Account a separate subaccount (the "Riverside County Transportation Commission Subaccount"). The Fees shall be deposited in the Riverside County Transportation Commission Subaccount and held there by the SCIP Trustee and segregated from all other funds within the County SCIP Account, and except for investment purposes, shall not be commingled with any other funds held by the SCIP Trustee. Investment earnings on the Riverside County Transportation Commission Subaccount shall be retained in the such subaccount for the benefit of the Fee Recipient except to the extent a portion of such earnings are requested to pay rebate or yield reduction payments to the U.S. Treasury pursuant to the Internal Revenue Code. Amounts on deposit in the Riverside County Transportation Commission; Subaccount shall be disbursed only in accordance with Section 5 of this Agreement. Section 5. Disbursements from SCIP Account. CSCDA shall disburse or cause to be disbursed moneys on deposit in the Riverside County Transportation Commission Subaccount only as provided herein.. Moneys` on deposit in the Riverside County Transportation Commission Subaccount shall be disbursed pursuant to written requisitions of the Fee Recipient, in substantially the form attached hereto as Exhibit B :and executed by an Authorized Officer of the Fee Recipient, CSCDA, the SCIP Program Administrator and the SCIP Trustee may conclusively rely on such requisitions for purposes of making such disbursements. All disbursements from the Riverside County Transportation Commission Subaccount to the Fee Recipient shall be made by [wire transfer of immediately available funds/check payable] to the Fee Recipient's bank account number at a bank located within the United States on file with the SCIP Trustee, unless another method of payment is requested in writing by the Fee Recipient. Section 6. Notice of Proposed SCIP Financings. CSCDA agrees that it will cause Fee Recipient to be provided with the following notices at the following times: DOCSSF1:799240:2. 40929-317]78 (a) promptly upon receipt of an application for SCIP fmancing of any Fees payable to Fee Recipient, a description of the affected property and the Fees to be financed; and (b) upon request, an inventory of all Fees payable to Fee Recipient and all properties for which such Fees are payable. Section 7. Term of this Agreement. This Agreement shall be in full force and effect from this date to and including its tenmination by mutual written agreement of the parties. hereto. The Authority agrees to terminate this agreement upon request of Fee Recipient upon delivery to CSCDA of an opinion Bond Counsel to the effect that the termination of this Agreement will not adversely affect the exclusion from gross income of interest on the Bonds for federal income tax purposes. Section 8. Amendment of this Agreement. This Agreement may be amended only by a written instnunent executed by the parties hereto; provided that any such amendment shall be conditioned upon delivery to CSCDA of an opinion of Bond Counsel to the effect that such amendment will not adversely affect the exclusion from gross income of interest on the Bonds for federal income tax purposes. Section 9. Successors in Interest. This Agreement and all of the provisions hereof shall be binding on the parties hereto .and their successors and assigns. Section 10.Third Party Beneficiaries. The SCIP Program Administrator is expressly declared to be a third party beneficiary of this Agreement. Section 11.Severability. If any section; paragraph, sentence; clause or provision of this Agreement shall for any reason be held to be invalid or unenforceable, the invalidity or unenforteability of such section, paragraph, sentence, elause or provision shall not affect any of the remaining provisions of this Agreement. Section 12.Choice of Law. This Agreement shall be governed by and interpreted in accordance with the laws of the State of California. Section 13.Execution. This Agrecment maybe. executedin any number of counterparts, each of which shall be deemed to be an original, but all together shall constitute but one and the same agreement. Section 14.Notices: Any notice, request, complaint, demand, communication or other paper required or permitted to be delivered to this Agreement Shall be addressed to the appropriate party at the addresses set forth below. Fee Recipient: :M)GSSF1:7992402 -40929-317 j98 Attention: • " " C o u n t y : C S C D A : D o t : x 9 9 7 . 4 0 2 4 0 9 2 9 - 3 1 ' 7 p s A t t e n t i o n : C a l i f o r n i a S t a t e w i d e C o m m u n i t i e s D e v e l o p m e n t A u t h o r i t y 1 1 0 0 K S t r e e t , S u i t e 1 0 1 S a c r a m e n t o , C A 9 5 8 1 4 A t t e n t i o n : T r e a s u r e r i • IN WITNESS WHEREOF, the RIVERSIDE COUNTY TRANSPORTATION COMMISSION, RIVERSIDE COUNTY and THE CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY have caused this Agreement to be executed each on its behalf by an authorized representative as of the day and year first above written. DOCSSPI:799240,2 40929-317J7$ RIVERSIDE COUNTY TRANSPORTATION COMMISSION Authorized Officer RIVERSIDE COUNTY Authorized Officer CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY COMMUNITY Member I-V ad LIS-6Z606 ZVZ6994.ESDOCI am now° pazlimpnv Sq pm:Liddy lunouiv papadxa paroid am sam panoiddy V IlfEIHXH • • • " " E X H I B I T B S L I P D i s b u r s e m e n t F o r m T o : B o n d L o g i s t i x L L C 7 7 7 ' S . F i g u e r o a S t . , S u i t e 3 2 0 0 L o s A n g e l e s , C a l i f o r n i a 9 0 0 1 7 A t t e n t i o n : D a n i e l C h a n g F a x : 2 1 3 - 6 1 2 - 2 4 9 9 P h o n e : 2 1 3 - 6 1 2 - 2 2 0 5 R e : S t a t e w i d e C o m m u n i t y I n f r a s t r u c t u r e P r o g r a m T h e u n d e r s i g n e d , a d u l y a u t h o r i z e d o f f i c e r o f R i v e r s i d e C o u n t y T r a n s p o r t a t i o n C o n u n i s s i o n h e r e b y r e q u e s t s a w i t h d r a w a l f r o m t h e R i v e r s i d e C o u n t y T r a n s p o r t a t i o n C o m m i s s i o n S u b a c c o u n t , a s f o l l o w s _ R e q u e s t D a t e : F e e S u b - a c c o u n t t o b e d r a w n f r o m : W i t h d r a w a l A m o u n t : T h e u n d e r s i g n e d h e r e b y c e r t i f i e s a s f o l l o w s : 1 . T h e W i t h d r a w a l i s b e i n g m a d e i n a c c o r d a n c e w i t h a p e r m i t t e d u s e o f s u c h m o n i e s p u r s u a n t t o t h e S C I P p r o g r a m d o c u m e n t s , a n d t h e W i t h d r a w a l i s n o t b e i n g m a d e f o r t h e p u r p o s e o f r e i n v e s t m e n t . 2 . N o n e o f t h e i t e m s f o r w h i c h p a y m e n t i s r e q u e s t e d h a v e b e e n r e i m b u r s e d p r e v i o u s l y f r o m o t h e r s o u r c e s o f f u n d s . 3 . I f t h e W i t h d r a w a l A m o u n t i s , g r e a t e r t h a n t h e f u n d s h e l d i n S C I P o n b e h a l f o f t h e R i v e r s i d e C o u n t y T r a n s p o r t a t i o n C o m m i s s i o n ; t h e P r o g r a m A d m i n i s t r a t o r i s a u t h o r i z e d t o a m e n d t h e a m o u n t r e q u e s t e d t o b e e q u a l t o t h e a m o u n t o f s u c h f u n d s . 4 . T o t h e e x t e n t t h e W i t h d r a w a l i s b e i n g m a d e p r i o r t o t h e d a t e b o n d s : h a v e b e e n i s s u e d o n b e h a l f o f S C 1 P , t h i s w i t h d r a w a l f o r m s e r v e s a s t h e d e c l a r a t i o n o f o f f i c i a l i n t e n t o f t h e R i v e r s i d e C o u n t y T r a n s p o r t a t i o n C o m m i s s i o n , p u r s u a n t t o T r e a s u r y R e g u l a t i o n s 1 . 1 5 0 - 2 , t o r e i m b u r s e w i t h r e s p e c t e x p e n d i t u r e s t r a d e f r o m t h e F e e S u b - a c c o u n t l i s t e d a b o v e i n t h e a m o u n t l i s t e d a b o v e . U n l e s s a m e n d e d b y p r i o r w r i t t e n n o t i c e t o t h e P r o g r a m A d m i n i s t r a t o r , t h e W i t h d r a w a l A m o u n t s h a l l b e f o r w a r d e d t o t h e f i n a n c i a l i n s t i t u t i o n a n d a c c o u n t p r o v i d e d t o t h e P r o g r a m A d m i n i s t r a t o r a s p a r t o f t h e C o u n t y ' s S C I P e n r o l l m e n t m a t e r i a l s . D a t e d : [ D A T E ] R I V E R S I D E C O U N T Y T R A N S P O R T A T I O N C O M M I S S I O N B y T i t l e : D O G S S F 1 : 6 6 9 2 4 6 : 2 4 0 9 2 9 - 3 1 7 1 7 8 . B 2 t AGENDA ITEM 7C RIVERS/DE COUNTY TRANSPORTATION COMM/SS/ON DATE: March 8, 2006 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Theresia Trevino, Chief Financial Officer THROUGH: Eric Haley, Executive Director SUBJECT: Annual Investment Policy Review BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to adopt the Updated Investment Policy. I BACKGROUND INFORMATION: Section XIV of the Investment Policy requires an annual investment policy review and specifically states that the "Chief Financial Officer shall annually render to the Board a statement of investment policy, which the Board must consider at a public meeting. Any changes to the policy shall also be considered by the Board at a public meeting." Based on a review of the Investment Policy approved by the Commission on March 18, 2005 and consideration of changes to the California Government Code (Code) as of January 1, 2006, staff in consultation with the Investment Advisor hired by the Commission has determined that no technical changes are required; however, staff has made some administrative revisions to reporting requirements in Section IX. These changes relate to the deletion of information regarding amortized cost, accrued interest, and yield at market, as such information is not required to be reported under the Code. Staff is recommending adoption of the attached Investment Policy. Attachment: Investment Policy Agenda Item 7C 28 rersideConniy rzinspori lion Commission INVESTMENT POLICY I. Introduction The purpose of this document is to identify policies and procedures that enhance opportunities for a prudent and systematic investment program and to organize and formalize investment -related activities. 11. Scope It is intended that this Policy cover all funds (except retirement funds) and investment activities under the direction of the Commission. III. Delegation of Authority Pursuant to the Commission's Administrative Code, the _Board's management responsibility for the investment program is hereby delegated for a one-year period to the Executive Director who shall monitor and review all investments for consistency with this investment policy. Subject to review, the Board may renew the delegation of authority pursuant to this section each year. The Executive Director may delegate these duties to his designee ("Chief Financial Officer"). The Commission may delegate its investment decision making and execution authority to an investment advisor. The advisor shall follow this Policy and such other written instructions as are provided. IV. Prudence All persons authorized to make investment decisions on behalf of the Commission are subject to the prudent investor standard. Investments shall be made with care, skill, prudence and diligence under circumstances then prevailing, including, but not limited to, the general economic conditions and theanticipatedneeds of the Commission that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the Commission. Authorized individuals acting in accordance with this Policy and written procedures and exercising due diligence shall be relieved of personal 29 responsibility for an individual security's credit risk or market price changes, provided deviations from expectations are reported in a timely fashion. V. Objective The Commission's primary investment objectives, in priority order, shall be: 1. Safety. Safety of principal is the foremost objective of the investment program. Investments of the Commission shall be undertaken in a manner that seeks to ensure preservation of capital in the portfolio. 2. Liquidity. The investment portfolio of the Commission will remain sufficiently liquid to enable the Commission to meet its cash flow requirements. 3. Return on Investment. The investment portfolio of the Commission shall be designed with the objective of maximizing return on its investments, but only after ensuring safety and liquidity. In order to maximize return on its investments, the Commission seeks an active rather than passive management of portfolio assets. The Commission may from time to time sell securities that it owns in order to better reposition its portfolio assets in accordance with updated cash flow schedules, yield curve optimizations, yield opportunities existing between market sectors, or simply market timing. VI. Investments California Government Code Section 53601 governs the investments permitted for purchase by the Commission. Within the investments permitted by Code, the Commission seeks to further restrict eligible investments to the investments listed in Section V1.1 below. Percentage limitations, where indicated, apply atthe time of purchase. Percentage holdings with any one non -governmental issuer are further restricted to a maximum of 10%. Rating requirements where indicated, apply at the time of purchase. In the event a security held by the Commission is subject to a rating change that brings it below the minimum specified rating requirement, the Chief Financial Officer shall notify the Board of the change. The course of action to be followed will then be decided on a case -by -case basis, considering such factors as the reason for the rate drop, prognosis for recovery or further rate drops, and the market price of the security. 30 1. Eligible Investments A. U.S. Government Issues. United States Treasury notes, bonds, bills, or certificates of indebtedness, or those for which the faith and credit of the United States are pledged for the payment of principal and interest. B. Federal Agency Securities. Federal agency or United States government -sponsored enterprise obligations, participations, or other instruments, including those issued by or fully guaranteed as to principal and interest by federal agencies or United States government -sponsored enterprises. C. Repurchase Agreements. Repurchase agreements are to be used solely as short-term investments not to exceed 30 days. The Commission may enter into repurchase agreements with primary government securities dealers rated "A" or better by two nationally recognized rating services. Counterparties should also have (i) a short-term credit rating of at least A-1 /P- 1; (ii) minimum assets and capital size of $25 billion in assets and $350 million in capital; (iii) five years of acceptable audited financial results; and (iv) a strong reputation among market participants. The following collateral restrictions will be observed: Only U.S. Treasury securities or Federal Agency securities, as described in V.1 A and B, will be acceptable collateral. All securities underlying repurchase agreements must be delivered to the Commission's custodian bank versus payment or be handled under a properly executed tri-party repurchase agreement. The total market value of all collateral for each repurchase agreement must equal or exceed 102 percent of the total dollar value of the money invested by the Commission for the term of the investment. For any repurchase agreement with a term of more than one day, the value of the underlying securities must be reviewed on an on -going basis according to market conditions. Market value must be calculated each time there is a substitution of collateral. The Commission or its trustee shall have a perfected first security interest under the Uniform Commercial Code in all securities subject to repurchase agreement, The Commission shall have properly executed a PSA agreement with each counterparty with which it enters into repurchase agreements. 31 D. U.S. Corporate Debt. Medium -term notes, defined as all corporate and depository institution securities with a maximum remaining maturity of five years or less, issued by corporations organized and operating within the United States or depository institutions licensed by the United States or any state and operating within the United States. Eligible investment shall be rated "AA" or better by one or more nationally recognized rating service. Investments in U.S. Corporate Debt are further limited to 30% of surplus funds. E. Commercial Paper. Commercial paper rated in the highest category by one or more nationally recognized statistical rating organization (NRSRO). The entity that issues the commercial paper shall meet all of the following conditions in either paragraph (1) or paragraph (2): (1) The entity meets the following criteria: (A) Is organized and operating in the United States as a general corporation. (B) Has total assets in excess of five hundred million dollars ($500,000,000). (C) Has debt other than commercial paper, if any, that is rated "A" or higher by a NRSRO. (2) The entity meets the following criteria: (A) Is organized within the United States as a special purpose corporation, trust, or limited liability company. (B) Has program -wide credit enhancements, including, but not limited to, over collateralization, letters of credit, or surety bond. (C) Has commercial paper that is rated "A-1" or higher, or the equivalent, by a. NRSRO. Purchases of eligible commercial paper may not exceed 270 days maturity nor represent more than 10 percent of the outstanding paper of an issuing corporation. Investments in commercial paper are limited to a maximum of 25% of surplus funds. F. Banker's Acceptances. Banker's acceptances issued by domestic or foreign banks, which are eligible for purchase by the Federal Reserve System. Purchases of banker's acceptances may not exceed 180 days maturity. Eligible banker's acceptances are restricted to issuing financial institutions with short-term paper rated in the highest category by one or more nationally recognized rating service. Investments in banker's acceptances are further limited to 40% of surplus funds with no more than 30% of surplus invested in 32 • • " " t h e b a n k e r ' s a c c e p t a n c e s o f a n y o n e c o m m e r c i a l b a n k . G . M o n e y M a r k e t M u t u a l F u n d s . S h a r e s o f b e n e f i c i a l i n t e r e s t i s s u e d b y d i v e r s i f i e d m a n a g e m e n t c o m p a n i e s t h a t a r e m o n e y m a r k e t f u n d s r e g i s t e r e d w i t h t h e S e c u r i t i e s a n d E x c h a n g e C o m m i s s i o n u n d e r t h e I n v e s t m e n t C o m p a n y A c t o f 1 9 4 0 ( 1 5 U . S . C . S e c . 8 0 a - 1 , e t s e q . ) a n d t h a t i n v e s t s o l e l y i n U . S . t r e a s u r i e s , o b l i g a t i o n s o f t h e U . S . T r e a s u r y , a n d r e p u r c h a s e a g r e e m e n t s r e l a t i n g t o s u c h t r e a s u r y o b l i g a t i o n s . T h e C o m m i s s i o n m a y i n v e s t i n s h a r e s o f b e n e f i c i a l i n t e r e s t i s s u e d b y a c o m p a n y s h a l l h a v e m e t e i t h e r o f t h e f o l l o w i n g c r i t e r i a : ( 1 ) A t t a i n e d t h e h i g h e s t r a n k i n g o r t h e h i g h e s t l e t t e r a n d n u m e r i c a l r a t i n g p r o v i d e d b y n o t l e s s t h a n t w o n a t i o n a l l y r e c o g n i z e d r a t i n g s e r v i c e s . ( 2 ) R e t a i n e d a n i n v e s t m e n t a d v i s e r r e g i s t e r e d o r e x e m p t f r o m r e g i s t r a t i o n w i t h t h e S e c u r i t i e s a n d E x c h a n g e C o m m i s s i o n w i t h n o t l e s s t h a n f i v e y e a r s ' e x p e r i e n c e m a n a g i n g m o n e y m a r k e t m u t u a l f u n d s w i t h a s s e t s u n d e r m a n a g e m e n t i n e x c e s s o f f i v e h u n d r e d m i l l i o n d o l l a r s . ( $ 5 0 0 , 0 0 0 , 0 0 0 ) . T h e p u r c h a s e p r i c e o f s h a r e s o f b e n e f i c i a l i n t e r e s t p u r c h a s e d p u r s u a n t t o t h i s s u b d i v i s i o n s h a l l n o t i n c l u d e a n y c o m m i s s i o n t h a t t h e c o m p a n i e s m a y c h a r g e . I n v e s t m e n t s i n M o n e y M a r k e t M u t u a l F u n d s a r e f u r t h e r l i m i t e d t o 2 0 % o f s u r p l u s f u n d s . H . R i v e r s i d e C o u n t y P o o l e d I n v e s t m e n t F u n d ( " R C P I F " ) . T h e C o m m i s s i o n m a y i n v e s t i n t h e R i v e r s i d e C o u n t y P o o l e d I n v e s t m e n t F u n d . A s o n - g o i n g d u e d i l i g e n c e , t h e C h i e f F i n a n c i a l O f f i c e r s h a l l o b t a i n t h e i n f o r m a t i o n l i s t e d b e l o w : " A d e s c r i p t i o n o f e l i g i b l e i n v e s t m e n t s e c u r i t i e s a n d a w r i t t e n s t a t e m e n t o f i n v e s t m e n t p o l i c y . " A d e s c r i p t i o n o f t h e i n t e r e s t c a l c u l a t i o n , t h e f r e q u e n c y o f i n t e r e s t d i s t r i b u t i o n s , a n d t h e t r e a t m e n t o f g a i n s a n d l o s s e s i n t h e p o r t f o l i o . " A d e s c r i p t i o n o f h o w o f t e n t h e s e c u r i t i e s a r e p r i c e d , h o w t h e s e c u r i t i e s a r e s a f e g u a r d e d , a n d t h e a u d i t a r r a n g e m e n t s . " A d e s c r i p t i o n o f w h o m a y i n v e s t i n t h e p r o g r a m , h o w o f t e n t h e y m a y i n v e s t , a n d w h a t s i z e d e p o s i t s a n d w i t h d r a w a l s a r e a l l o w e d . " A s c h e d u l e f o r r e c e i v i n g s t a t e m e n t s a n d p o r t f o l i o l i s t i n g s . " A f e e s c h e d u l e , a n d w h e n a n d h o w f e e s a r e a s s e s s e d . 3 3 " T h e c o m p o s i t i o n o f t h e i n v e s t m e n t f u n d f o r e a c h r e p o r t i n g p e r i o d . S t a t e o f C a l i f o r n i a L o c a l A g e n c y I n v e s t m e n t F u n d ( " L A I F " ) . T h e C o m m i s s i o n m a y i n v e s t i n L A I F . A s o n - g o i n g d u e d i l i g e n c e , t h e C h i e f F i n a n c i a l O f f i c e r s h a l l o b t a i n t h e i n f o r m a t i o n l i s t e d b e l o w : " A d e s c r i p t i o n o f e l i g i b l e i n v e s t m e n t s e c u r i t i e s a n d a w r i t t e n s t a t e m e n t o f i n v e s t m e n t p o l i c y . " A d e s c r i p t i o n o f t h e i n t e r e s t c a l c u l a t i o n , t h e f r e q u e n c y o f i n t e r e s t d i s t r i b u t i o n s , a n d t h e t r e a t m e n t o f g a i n s a n d l o s s e s i n t h e p o r t f o l i o . " A d e s c r i p t i o n o f h o w o f t e n t h e s e c u r i t i e s a r e p r i c e d , h o w t h e s e c u r i t i e s a r e s a f e g u a r d e d , a n d t h e a u d i t a r r a n g e m e n t s . " A d e s c r i p t i o n o f w h o m a y i n v e s t i n t h e p r o g r a m , h o w o f t e n t h e y m a y i n v e s t , a n d w h a t s i z e d e p o s i t s a n d w i t h d r a w a l s a r e a l l o w e d . " A s c h e d u l e f o r r e c e i v i n g s t a t e m e n t s a n d p o r t f o l i o l i s t i n g s . " A f e e s c h e d u l e , a n d w h e n a n d h o w f e e s a r e a s s e s s e d . " T h e c o m p o s i t i o n o f t h e i n v e s t m e n t f u n d f o r e a c h r e p o r t i n g p e r i o d . J . C e r t i f i c a t e s o f D e p o s i t . F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n ( F D I C ) i n s u r e d o r f u l l y c o l l a t e r a l i z e d t i m e c e r t i f i c a t e s o f d e p o s i t i n f i n a n c i a l i n s t i t u t i o n s l o c a t e d i n C a l i f o r n i a . E l i g i b l e i n v e s t m e n t s a r e r e s t r i c t e d t o t h o s e i s s u i n g i n s t i t u t i o n s t h a t h a v e b e e n i n b u s i n e s s a t l e a s t f i v e y e a r s a n d w h o s e s e n i o r d e b t o b l i g a t i o n s a r e r a t e d " A A " o r b e t t e r b y o n e o r m o r e n a t i o n a l l y r e c o g n i z e d r a t i n g s e r v i c e . T h e m a x i m u m t e r m f o r d e p o s i t s s h a l l b e o n e y e a r . I n v e s t m e n t s i n c e r t i f i c a t e s o f d e p o s i t a r e f u r t h e r l i m i t e d t o 2 0 % o f s u r p l u s f u n d s . A l l t i m e d e p o s i t s m u s t b e c o l l a t e r a l i z e d i n a c c o r d a n c e w i t h C a l i f o r n i a G o v e r n m e n t C o d e s e c t i o n 5 3 5 6 1 . T h e C o m m i s s i o n , a t i t s d i s c r e t i o n , m a y w a i v e t h e c o l l a t e r a l i z a t i o n r e q u i r e m e n t s f o r a n y p o r t i o n o f t h e d e p o s i t t h a t i s c o v e r e d b y f e d e r a l i n s u r a n c e . 2 . E l i g i b l e I n v e s t m e n t s f o r B o n d P r o c e e d s B o n d p r o c e e d s s h a l l b e i n v e s t e d i n s e c u r i t i e s p e r m i t t e d b y t h e a p p l i c a b l e b o n d d o c u m e n t s . I f t h e b o n d d o c u m e n t s a r e s i l e n t a s t o p e r m i t t e d i n v e s t m e n t s , b o n d p r o c e e d s w i l l b e i n v e s t e d i n s e c u r i t i e s p e r m i t t e d b y t h i s P o l i c y . 3 4 " " W i t h r e s p e c t t o m a x i m u m m a t u r i t i e s , t h e P o l i c y a u t h o r i z e s i n v e s t i n g b o n d r e s e r v e f u n d p r o c e e d s b e y o n d t h e f i v e y e a r s i f p r u d e n t i n t h e o p i n i o n o f t h e C h i e f F i n a n c i a l O f f i c e r . 3 . I n e l i g i b l e I n v e s t m e n t s A s p r o v i d e d i n C a l i f o r n i a G o v e r n m e n t C o d e S e c t i o n 5 3 6 0 1 . 6 , t h e C o m m i s s i o n s h a l l n o t i n v e s t a n y f u n d s i n i n v e r s e f l o a t e r s , r a n g e n o t e s , m o r t g a g e d e r i v e d i n t e r e s t - o n l y s t r i p s o r i n a n y s e c u r i t y t h a t c o u l d r e s u l t i n z e r o i n t e r e s t a c c r u a l i f h e l d t o m a t u r i t y . T h e p u r c h a s e o f a n y s e c u r i t y n o t l i s t e d i n S e c t i o n V I . 1 a b o v e , b u t p e r m i t t e d b y t h e C a l i f o r n i a G o v e r n m e n t C o d e , i s p r o h i b i t e d u n l e s s t h e B o a r d a p p r o v e s t h e i n v e s t m e n t e i t h e r s p e c i f i c a l l y o r a s a p a r t o f a n i n v e s t m e n t p r o g r a m a p p r o v e d b y t h e B o a r d . V I I . M a x i m u m M a t u r i t i e s M a t u r i t i e s o f i n v e s t m e n t s w i l l b e s e l e c t e d t o p r o v i d e n e c e s s a r y l i q u i d i t y , m i n i m i z e i n t e r e s t r a t e r i s k , a n d m a x i m i z e e a r n i n g s . C u r r e n t a n d e x p e c t e d y i e l d c u r v e a n a l y s i s w i l l b e m o n i t o r e d a n d t h e p o r t f o l i o w i l l b e i n v e s t e d a c c o r d i n g l y . B e c a u s e o f i n h e r e n t d i f f i c u l t i e s i n a c c u r a t e l y f o r e c a s t i n g c a s h f l o w r e q u i r e m e n t s , a p o r t i o n o f t h e p o r t f o l i o s h o u l d b e c o n t i n u o u s l y i n v e s t e d i n r e a d i l y a v a i l a b l e f u n d s . W h e r e t h i s P o l i c y d o e s n o t s p e c i f y a m a x i m u m r e m a i n i n g m a t u r i t y a t t h e t i m e o f t h e i n v e s t m e n t , n o i n v e s t m e n t s h a l l b e m a d e i n a n y s e c u r i t y , o t h e r t h a n a s e c u r i t y u n d e r l y i n g a r e p u r c h a s e o r r e v e r s e r e p u r c h a s e a g r e e m e n t a u t h o r i z e d b y t h i s s e c t i o n , t h a t a t t h e t i m e o f t h e i n v e s t m e n t h a s a t e r m r e m a i n i n g t o m a t u r i t y i n e x c e s s o f f i v e y e a r s , u n l e s s t h e B o a r d h a s g r a n t e d e x p r e s s a u t h o r i t y t o m a k e t h a t i n v e s t m e n t e i t h e r s p e c i f i c a l l y o r a s a p a r t o f a n i n v e s t m e n t . p r o g r a m a p p r o v e d b y t h e B o a r d n o l e s s t h a n t h r e e m o n t h s p r i o r t o t h e i n v e s t m e n t . V I I I . P e r f o r m a n c e S t a n d a r d s T h e C h i e f F i n a n c i a l _ O f f i c e r s h a l l c o n t i n u a l l y m o n i t o r a n d e v a l u a t e t h e p o r t f o l i o ' s p e r f o r m a n c e . A c o m p a r i s o n o f t h e p o r t f o l i o ' s p e r f o r m a n c e a g a i n s t a p e r f o r m a n c e b e n c h m a r k s h a l l b e i n c l u d e d ; i n t h e C h i e f F i n a n c i a l O f f i c e r ' s q u a r t e r l y r e p o r t . T h e C h i e f F i n a n c i a l O f f i c e r s h a l l s e l e c t a n a p p r o p r i a t e , r e a d i l y a v a i l a b l e m a r k e t i n d e x t o u s e a s a p e r f o r m a n c e b e n c h m a r k . 3 5 IX. Reporting The Chief Financial Officer shall prepare and provide to the Board and the Executive Director, within 30 days following the end of the quarter, a portfolio report, which includes the following information: • Type of investment • Name of issuer • Date of maturity • Date of purchase • Par value • Original purchase cost • Call date (if applicable) • Current market value of securities • Unrealized market value gain/loss • Coupon rate, if applicable • Yield to maturity • Credit quality, as determined by one or more nationally recognized credit rating services, of each investment • Average duration of portfolio • Listing of all investment transactions during the quarter • A statement that the portfolio complies with the investment policy, or the manner in which the portfolio is not in compliance • A statement denoting the ability of the Commission to meet its liquidity requirements for the next six months, or provide an explanation as to why sufficient money shall, or may not be, available. X. Investment Procedures The Chief Financial Officer, as the Board's designee, is responsible for ensuring compliance with the Commission's investment policies and establishing written procedures and internal controls for the operation of the investment program. No person may engage in investment transactions except as provided under the terms of this Policy and the written procedures established by the Chief Financial Officer. The written procedures should address: delegation of authority to subordinate staff members, control of collusion, separation of transaction authority from accounting and record keeping, written confirmations of transactions, reconciliation of custody statements, and wire transfer procedures and agreements. An independent analysis by an external auditor shall be conducted annually to review internal control, account activity, and compliance with policies and procedures. 36 " X I . A u t h o r i z e d B r o k e r D e a l e r s a n d F i n a n c i a l I n s t i t u t i o n s T h e C h i e f F i n a n c i a l O f f i c e r s h a l l m a i n t a i n a l i s t o f a u t h o r i z e d b r o k e r / d e a l e r s a n d f i n a n c i a l i n s t i t u t i o n s w h i c h a r e a p p r o v e d f o r i n v e s t m e n t p u r p o s e s . I t s h a l l b e t h e C o m m i s s i o n ' s p o l i c y t o p u r c h a s e s e c u r i t i e s o n l y f r o m t h o s e a u t h o r i z e d i n s t i t u t i o n s a n d f i r m s . S e p a r a t e l i s t s s h a l l b e m a i n t a i n e d f o r b r o k e r / d e a l e r s a n d f i n a n c i a l i n s t i t u t i o n s a p p r o v e d f o r r e p u r c h a s e a g r e e m e n t s a n d t h o s e a p p r o v e d f o r t h e p u r c h a s e o f o t h e r s e c u r i t i e s . I f a n i n v e s t m e n t a d v i s o r i s u s e d , t h e y m a y u s e t h e i r o w n l i s t o f a p p r o v e d b r o k e r / d e a l e r s a n d f i n a n c i a l i n s t i t u t i o n s f o r i n v e s t m e n t p u r p o s e s . T o b e e l i g i b l e , a f i r m m u s t m e e t t h e f o l l o w i n g m i n i m u m c r i t e r i a : ( i ) a n i n s t i t u t i o n l i c e n s e d b y t h e s t a t e a s a b r o k e r - d e a l e r , o r f r o m a m e m b e r o f a f e d e r a l l y r e g u l a t e d s e c u r i t i e s e x c h a n g e , f r o m a n a t i o n a l o r s t a t e - c h a r t e r e d b a n k , f r o m a f e d e r a l o r s t a t e a s s o c i a t i o n o r f r o m a b r o k e r a g e f i r m d e s i g n a t e d a s a p r i m a r y g o v e r n m e n t d e a l e r b y t h e F e d e r a l R e s e r v e b a n k ; a n d ( i i ) a l l b r o k e r / d e a l e r f i r m s a n d i n d i v i d u a l s m u s t b e p r o p e r l y r e g i s t e r e d w i t h t h e N A S D a n d / o r S E C t o t r a n s a c t b u s i n e s s i n t h e r e l e v a n t g e o g r a p h i c l o c a t i o n s a n d p r o d u c t s e c t o r s . I n a d d i t i o n , c o u n t e r p a r t i e s f o r R e p u r c h a s e A g r e e m e n t s s h a l l b e l i m i t e d t o p r i m a r y g o v e r n m e n t s e c u r i t i e s d e a l e r s r a t e d " A " o r b e t t e r b y t w o n a t i o n a l l y r e c o g n i z e d r a t i n g s e r v i c e s . C o u n t e r p a r t i e s s h a l l a l s o h a v e ( i ) a s h o r t - t e r m c r e d i t r a t i n g o f a t l e a s t A - 1 / 1 3 - 1 ; ( i i ) m i n i m u m a s s e t s a n d c a p i t a l s i z e o f $ 2 5 b i l l i o n i n a s s e t s a n d $ 3 5 0 m i l l i o n i n c a p i t a l ; ( i i i ) f i v e y e a r s o f a c c e p t a b l e a u d i t e d f i n a n c i a l r e s u l t s ; a n d ( i v ) a s t r o n g r e p u t a t i o n a m o n g m a r k e t p a r t i c i p a n t s . T h e C h i e f F i n a n c i a l O f f i c e r s h a l l s e l e c t b r o k e r / d e a l e r s a n d o t h e r f i n a n c i a l i n s t i t u t i o n s o n t h e b a s i s o f t h e f i r m ' s e x p e r t i s e a n d c r e d i t w o r t h i n e s s . T h e C o m m i s s i o n s h a l l a n n u a l l y s e n d a c o p y o f t h e c u r r e n t i n v e s t m e n t p o l i c y t o a l l d e a l e r s a p p r o v e d t o d o b u s i n e s s w i t h t h e C o m m i s s i o n . E a c h b r o k e r d e a l e r o r f i n a n c i a l i n s t i t u t i o n t h a t h a s b e e n a u t h o r i z e d b y t h e C o m m i s s i o n s h a l l b e r e q u i r e d t o s u b m i t a n d a n n u a l l y u p d a t e a B r o k e r / D e a l e r Q u e s t i o n n a i r e w h i c h i n c l u d e s t h e f i r m ' s m o s t r e c e n t f i n a n c i a l s t a t e m e n t s . T h e C h i e f F i n a n c i a l O f f i c e r s h a l l m a i n t a i n a f i l e f o r e a c h f i r m a p p r o v e d f o r i n v e s t m e n t p u r p o s e s , w h i c h i n c l u d e s t h e m o s t r e c e n t B r o k e r / D e a l e r Q u e s t i o n n a i r e . 3 7 XII. Safekeeping and Custody To protect the Commission's assets, all securities owned by the Commission shall be held in safekeeping in the Commission's name by a third party bank trust department, acting as agent for the Commission under the terms of a custody agreement executed by the bank and the Commission. All securities will be received and delivered using standard delivery versus payment (DVP) procedures; the Commission's safekeeping agent will only release payment for a security after the security has been properly delivered. Physical delivery securities shall be avoided whenever possible, as book entry securities are much easier to transfer and account for since actual delivery of a document never takes place. In addition, delivered securities must be properly safeguarded against loss or destruction. The potential for fraud and loss increases with physically delivered securities. XIII. Ethics and Conflicts of Interest The Commission adopts the following policy concerning conflicts of interest: 1. Officers and employees involved in the investment process shall refrain from personal business activity that could conflict with proper execution of the investment program or which could impair their ability to make impartial investment decisions. 2. Officers and employees involved in the investment process shall disclose any material financial interest in any financial institution that conducts business with the Commission, and they shall further disclose any large personal financial/investment positions that could be related to the performance of the Commission's portfolio. 3. Officers shall refrain from undertaking personal investment transactions with the same individual with whom business is conducted on behalf of the Commission. XIV. Investment Policy Review The Chief Financial Officer shall annually render to the Board a statement of investment policy, which the Board must consider at a public meeting. Any changes to the policy shall also be considered by the Board at a public meeting. 38 • " A G E N D A I T E M 7 D " " R I V E R S / D E C O U N T Y T R A N S P O R T A T I O N C O M M / S S / O N D A T E : M a r c h 8 , 2 0 0 6 T O : R i v e r s i d e C o u n t y T r a n s p o r t a t i o n C o m m i s s i o n F R O M : B u d g e t a n d I m p l e m e n t a t i o n C o m m i t t e e T h e r e s i a T r e v i n o , C h i e f F i n a n c i a l O f f i c e r T H R O U G H : E r i c H a l e y , E x e c u t i v e D i r e c t o r S U B J E C T : Q u a r t e r l y I n v e s t m e n t R e p o r t B U D G E T A N D I M P L E M E N T A T I O N C O M M I T T E E A N D S T A F F R E C O M M E N D A T I O N : T h i s i t e m i s f o r t h e C o m m i s s i o n t o r e c e i v e a n d f i l e t h e Q u a r t e r l y I n v e s t m e n t R e p o r t f o r t h e q u a r t e r e n d e d D e c e m b e r 3 1 , 2 0 0 5 . B A C K G R O U N D I N F O R M A T I O N : A t t a c h e d a r e t h e q u a r t e r l y i n v e s t m e n t a n d c a s h f l o w r e p o r t s a s r e q u i r e d b y s t a t e l a w a n d C o m m i s s i o n p o l i c y . T h e C o u n t y ' s I n v e s t m e n t R e p o r t f o r t h e m o n t h e n d e d D e c e m b e r 3 1 , 2 0 0 5 i s a l s o a t t a c h e d f o r r e v i e w . A t t a c h m e n t s : 1 ) Q u a r t e r l y I n v e s t m e n t R e p o r t f o r t h e Q u a r t e r e n d e d D e c e m b e r 3 1 , 2 0 0 5 2 ) C o u n t y o f R i v e r s i d e I n v e s t m e n t R e p o r t f o r t h e M o n t h e n d e d D e c e m b e r 3 1 , 2 0 0 5 A g e n d a I t e m 7 D 3 9 " P e r t / o l i o i n v s a [ m c n < T y p o I n v e s t m e n t A e F e e / n e 1 1 1 5 S t a t e m e n t o f C o m p l i a n c e A l l o f t h e a b o v e i n v e s t m e n t s a n d a n y i n v e s t m e n t d e c i s i o n s m a d e f o r t h e q u a r t e r e n d e d D e c e m b e r 3 1 , 2 0 0 5 w e r e i n f a l l c o m p l i a n c e w i t h t h e C o m m i s s i o n ' s i n v e s t m e n t p o l i c y a s a d o p t e d o n M a r c h 1 8 , 2 0 0 5 . T h e C o m m i s s i o n h a s a d e q u a t e c a a ��s h , ' f l o - w s f o r s i x m o n t h s o f o p e r a t i o n s . " S i g n e d b y - f 7 ��+ ��- d t G t l C h i e f F i n a n c i a l O f f i c e r 4 0 Riverside Gently Transp0N01cm Commission Mennen Reno% Report Paned Ended: Denrrber 2005 OPERATING FUNDS Gly Netlanel Bank Depoelto - County Tnaeunls Peeled Inneen/10 Fund Local Agency immanent Fund (LAIF) AgenryRaeaaury aecudder. Federal Nalanal Merlgage AeeeGallan (FNMA) Naanonu$aba Federal Farm Credo Bonk Noamoroalada Fednol Home Loan Bank (FHLE) NebemenaeAable Faderal Memo Loan Bank NaananuMba Federal Home Lin Bank Mortgage CekllnIemann able Federal Mona Loan Bank Noanonw8aba Maw MCMiMubel FundChM Ch rte FNMA Nolnnonwllaba FHLB Bond-namallable • RATING COUPON PAR PURCHASE MATURITY YIELD TO PURCHASE MARKET UNREALIZED FAIR VALUE MOODYSIFITCH/SBP RATE VALVE DATE DATE MATURITY COST VALUE GAIN (LOSS) $ 33,618 A319B154 N/A 170127.100 AurMRUAAAryeI N/A 3072.240 Not Rated NIA 2.000,000 2.056,750 1,044,260 2.064,300 3,960,150 3.079,760 61,296 AAA/AAA AAA/AAA AAA/AAA AAA/AAA AAA/AAA AAA/MA AAA/MA NIA 3.62% NIA 2050% 3 2,000000 03/20/04 00122130 2.05% 5 3,0000Cm 0 2.000000 3.500% 3,000,000 02/16/05 02115/07 3.50% 9000000 3,056,750 3115% 2.000000 02/10/06 05/18/00 3.95% 2,000.000 1084,380 HOW% 3.000,000 06/15/05 00120101 4.01% 3,000,000 2.084,300 3.750% 4,000,000 04020105 11/15/C0 3.73% 3008,413 3,086760 4,12544 9.000.000 07/1E/05 04/27107 4.13% 3,000.000 G023,750 N/A 81.236 2.01% 01,230 61,230 1040,260 AAA/MA 3,110% TOMCOD 030 T/04 03/17100 2,476000 ..AAA/AAA... 2,250 FNLMC Note.noneellaba 2471100 AAAMAA Subtotal °watag Funds 210,257,257 FUN08 NELA IN TRUST County Tnawnes Pooled Inasumenl Fund: Local Trmsporatnn Fund /Mina Fund* NNd In Treat INVESTMENT WITH CITIES ry) City of Canyon Lake 3 ubnly Inert bnnt with cltin COMMISSION BOND PROJECT FUNDS/DEBT RESERVE TIM American TaaeUry Ob4patloni Fund U .%Trnsury Ellls FIM AmeNcen Govern/Ten OblMallon Fund First American Treasury ObBpatlan Fund - Men In Trust Subtotal Bond Pro)nt FunGNobt Rennie TOTAL AU Cub end InWsbninto 40 008 508 Ase-MR1/AAANet 49,008,508 2,06% 051.006 2,500,000 Ot l27N5 05/16100 9.24 4a6.800 1.040.350 2,4T8 000 50% 2,500000 01/27/05 OW5/00 3,91% 2,475,060 2.471.100 N/A 628181,236 $28106270 320,023.000 3 ST% • (41,250) (15A20) (35.010) 9 TOa5) 120.250) 0 (T,850) $ (1 T0.1714 900430 N/A 4.750% $ 300.000 04102/03 00/01/00 N/A $ 300, 100 N/A N/A 300,000 18,501.401 An/AAAm NIA 13,636,113 MA'AM 1.875% 615.026,000 05124105 owov06 4.22% $15,020,L, 516,030.213 5 (200.T8T1 29,720,708 Aaa/AMm N/A 067 230 AaMAMm NIA s ma.6:1.$as InepMen. Tndoe/ona Tar the Quarter Ended Deoambar 31, 2005 P urehues: Maarlllem federal Hems Lean Mortgage Corporation Nolo Par Vain at Caupen Mannry Manny 004 Ran 5 2000,000 11116/2005 2.1359 SUMMARIZED INVESTMENT TYPE Banks County Pool LAIR MUWal Fund,: Flnt American Treasury Obligatory! Fund. Tenet 10,818,605 First Amen., Govemmanl WUcallon Fund Sub. Tales Mutual Funds 23.720.708 $ 35,810 226,10500E 3,072,240 43,630,404 Federal Agency ceourlie5 28,022,090 U.B. Treasury Blos 15,058,219 InnelmenlAgnemena 300,000 TOTAL 310021,3021 (a InweMwl WN nee a repaned as a loan nwelwW %r Nunn! repotted purposes. 41 County Administrative Center 4080 Lemon Street, 4th Floor- Capital Markets Riverside, CA 92502-2205 www.countytreasurer.org (951) 955-3967 42 County Admmrstratrve Center Investment Objectives • Safety of Principal • Liquidity • Public Trust • Maximum Rate of Return • December 2005 Treasurer's Commentary “It Was the Best of Times, It Was the Worst of Times" Looking back on the past year, we see that many of the economic gains made in 2004 continued: GDP and employment growth maintained solid, if unspectacular, paces; consumer confidence rebounded quickly from oil price shocks and the horrors of Hurricane Katrina; and a series of Fed Funds rate hikes appears to have kept inflation in check. These trends are expected to continue, boding well for economic prospects in 2006. There are ominous clouds on the horizon, however, because a num- ber of monsters, some of which plagued the American economy in 2005, could rear their heads. The price of energy, skyrocketed last year and global demand continues to be insatiable; supply disruptions from natural disasters, conflict, or political instability in oil -producing regions could therefore have negative eco- nomic impact. Another possible setback to the American economy could be the end of the housing boom that has provided much of the growth since the FOMC cut rates to historical lows a few years ago. The marked decrease in new home sales in November is the latest proverbial nail in the coffin, leading to speculation regarding the consequences. Other concerns revolve around the high level of US debt: an increasing proportion of this debt is held by foreign central banks and any diversification by these parties could injure the U.S. economy. Also, an avian flu pandemic remains a possible economic and public health nightmare. Finally, the US Treasury yield curve inverted recently, with long term rotes dropping below short term rates. While an inverted yield curve does not always indicate a recession, it has been a harbinger for each of the last six recessions, causing pessimism about what the market thinks of the direction of the U.S. economy. Paul McDonnell Treasurer -Tax Collector V inciage Durable GoodsOrdem-tor Dec29th 4.0%actual vs. 1.2% survey Gross Domestic Product (GDP) -for Decem- ber 21st 4.1% actual vs. 43%survey Consumer Confidence —Index -December 28th 103.6 actual vs. 103.0 survey Factory Orders- January 4th 2.5% actual vs. 2A%survey Unemployment Rate- for December2nd 5.0% actual vs. 5.0%survey At month's end, the Fed Funds rate was 4.25%, with a balanced bias. The 2 year T-Note was yielding 4.40% (down 1 bp.) while the 10 year T-Note was yielding 4.39% (down 9 bps.) For October, the Pool had an increase of 20 bps. in the average monthly yield. Portfolio Statistics 'Mbnth-End Book Value December Novembee October $ 4,010,003,925 t $ 3,357,203,054 $ 3,208,631,129 September $ 3,292,113,524 August $ 3,099,360,588 July $ 3,067,073,774 1. _ Month -End Market Value' $ 3,991,492,902 1 $ 3,337,365,542 j $ 3,187,968,021T$ 3,274,356,759 $ 3,086,651,772 jj $ 3,049,921,183 Paper Gain or(Loss) $ (18,511,023y $ (19,817,512)' $ (20,663,108) $ (17,756,765) $ (12,708,816)1 $ (17,152,592y Percent of Paper Gain or Loss -0.46%i-0.59%1 -0.64% -0.54% -0.41% -0.56% Yield Based Upon Book Value 3.77i 3.571 3.48 3.37 3.25 3.11 VvbightedAverage Maturity (Yrs) 0.74 0.77 0.78 0.79 0.80 0.79 M%fdied Duration 0.681 0.73� 0.74 0.75 0.73E 0.75 *Market values does not intrude accrued interest THE RIVERSIDE COUNTYTREASURER'S POOLED INVESTMENT FUND IS CURRENTLY RATED: Aaa/MR1 BY MOODY'S INVESTOR SERVICES AAA/V1+ BY FITCH RATINGS 43 " P o r t f o l i o C h a r a c t e r i s t i c s F e d e r a l A g e n c y _ C a s h E q u i v a l e n t & M M F C o m m e r c i a l P a p e r N e g o t i a b l e C D ' s 2 , 6 5 6 , 8 3 1 , 6 2 6 2 1 5 , 0 0 0 , 0 0 0 5 9 0 , 3 2 8 , 3 5 9 4 0 0 , 0 0 2 , 2 0 6 M e d i u m T e r m N o t e s 2 0 , 0 2 7 , 9 0 0 M u n i c i p a l B o n d s ( 8 2 , 5 4 7 , 8 1 1 C e r t i f i c a t e s o f D e p o s i t s 2 5 , 0 0 0 , 0 0 0 L o c a l A g e n c y O b l i g a t i o n 1 , 7 5 5 , 0 0 0 T o t a l 3 , 9 9 1 , 4 9 2 , 9 0 2 - F e c e r a l A g e n c y t i E g w v e l e r l & N I M F ` - ^ - - . . . . . . 6 6 . % 5 . 3 9 % 3 9 d a y s o r L e s s ; 8 3 3 , 6 3 0 , 0 5 1 . 6 5 3 0 - 9 0 D a y s ��. . 9 5 9 , 1 5 8 , 8 4 3 . 3 1 9 0 D a y s - 1 Y e a r i . . ��- 1 , 0 5 4 , 2 5 3 , 3 9 8 . 3 0 2 4 M o n t h G r o s s Y i e l d T r e n d s P a g e ' 2 4 4 M a r k e t D a t a 1 2 / 3 0 / 0 5 1 1 / 3 0 / 0 5 G i f t 3 M - 4 . 0 7 4 3 . 9 3 1 . 1 4 2 5 6 M 4 . 3 6 9 4 . 2 9 8 . 0 7 1 5 2 Y 4 . 4 0 0 4 . 4 0 7 - . 0 0 7 2 5 Y 4 . 3 5 0 4 . 4 1 1 - . 0 6 1 2 1 0 Y 4 . 3 9 1 4 . 4 8 4 - . 0 9 2 9 3 0 Y 4 . 5 3 5 4 . 6 9 3 - . 1 5 7 9 * T r e a s u r e r ' s I n s t i t u t i o n a l M o n e y M a r k e t I n d e x ( T I M M I ) i s c o m p i l e d a n d r e p o r t e d b y t h e R i v e r s i d e C o u n t y T r e a s u r e r ' s C a p i t a l M a r k e t s d i v i s i o n . I t i s a c o m p o s i t e i n d e x d e r i v e d f r o m t h e a v e r a g e o f t h r e e m u l t i - b i l l i o n d o l l a r A A A r a t e d P r i m e ( f u n d s t h a t i n v e s t i n a d i v e r s i f i e d p o r t f o / i o o f U . S . d o l l a r d e n o m i n a t e d m o n e y m a r k e t i n s t r u m e n t s i n c l u d - i n g U . S . T r e a s u r i e s , g o v e r n m e n t a g e n c i e s , b a n k e r s ' a c c e p t a n c e s , c o m m e r c i a l p a p e r , c e r t i f i c a t e s o f d e p o s i t s , r e p u r c h a s e a g r e e m e n t s , e t c . ) p o r t f o l i o s t h a t t h e T r e a s u r e r t r a c k s . F u r t h e r d e t a i l s a v a i l a b l e u p o n r e q u e s t . Month End Portfolio Holdings Report S a 8 U1 N 8 5 c f U d 5='!6 d,�a�e I g • g g n R A a ;,yYa�y3 n w R�"8 _8i S 8 >`x 8 g g ry s;, a x a 8 50000,000,00 CITIGRO g 5s a Q 50,000,000.00 NES z e C c}r e%P a . e 8 8 8 8._ Sri. 3°Y8 8 -; 8 8 '8 g I 'b w 0,000.00 FED FARM CRE Y 8 8 8 8"0 • aP k5 3 ir:3 10,000,000.00 FED FARM CREDd Z N 10.000.000.00 FED FARM CREDIT B 5 5,110000:00 FED FARM CREDIT RAN opP ' e d a 8, 8 'R 8 ,000.00 FED FARM CREDIT BA F: i g�Q 8 6 0 7 8. 8 g C • I; S g 8 2 -; S, 8 8 8 :'8 8 8 :5 a g'c 8 8 8,;8 i g g iE S Sg S 8 g_g g / 844�j u.� ryY iNiY$ 2 gr'm:'g rc lK0 a U � j U'�: U a sa 'W 2 og::a LLw 8 8 =8 g:r'g g:.`g Q.) e Na� g h g 8 0 a e g S 8 8 N g 8 c 4 S a g 8 n 2 a U f u 8 S a 0 U ry N S 8 R 2 w 8 8 8 ry N ♦ 8 8 8 8 8. 3 t 3 N 9,915,000.00 (11.900.00)_0.00 8 8 a 8 U 8 g R 8� I. L♦ w O 0 9 8 Y u 8 8 S e 8 8. 8 6 S g 8 8 8 8 8 N e 8 8 8. ry i w 8 O 8 8 ff 8 h 5:o e e N 8 8 d 8;:8 g 8-p g,s 8 'g N 2 a a ee Y ry A 8 5 A 0 e 8, O 8 8 a r e 5 8 8 8 N a 8 8 8 • aa:o�a o, a e N ry '. N 5 g g a 7 8, 8 8 8 8 .A R ag g o 0 n g 8,:8 g° S MontD End Portfolio HOIdin • a a 3m 8 88 0 6 eg 88 g e ei n M,8. N '' N F eq 8 i<8 8 8 8'8 Vl w� 8 2. 8 8 8$ 8 "8 s 8 �$g= gi g; g a b r a g�E E 1 g E E. g pp xi�i �yq � rye, a Wi'ii b C r e '*� N '3 Y.S nq„ wz xi .. k8' X. 3] ssgsgsgsss s:, sus gas={$ V E.g $r $r g, g N g ,8+Sw �8 S 10.000.000.00 FED H { i W, Wj W W�'W,AW S.' 3 3 72 +3 o.Y'o:»w 2ryo LL 2 2 88888 .8�i8 8. 8 s 8 8 8, 8, 8 B 8 S s 8 8 2#W 8 s Hi ,g 5.000.000.00 FED HOME 8 8 0 1 5,000,000.00 g - 88Q a;� S i O .., z Yu Y g oa w 8 Y • Wy w ^ i e mo 8 S ;I 8 8 g 8 a S gE d�A 2`n 2j{ m d �a wW o 2 8 8 g g ^ 8•A 8 8 �mS 8"8 9 8 zj� T m>� WSW 3'•.3 2 2 4.T 2 8y 8 ❑gg E S ; 3 F 8 8 $ 8 G a 0 :ark 2 2 w -2%'u $ g:@ g g 8 �1 6'U'IC m N .O g a O A 8 8 g a 518 a g 8 8 6 s B B g a S • io Holdings Report Month End Po o a a: s g a<a N NY: g Y+„ Y • s'^t .nod m 8 8„Pu8:18�.8 8 8 s 'g is BJ I A, 8 8„8 8 `2 8 8.-8 8 :8 Y .Ia d, "' x } Yt"Y 2,? a 1`sa gt OO g4:0 � a':: xxa°x i :i ai,_o;o o:,w 8 848 :8 8 �y.g$ $ $. E U U 1,009, 1.029420,509.15 R 8 mro ,ss E g tl 8 $ m r.:.6 4.926050.00 (23.450.001 3.10 8 8 8 s.� 2- Pigv8 8 8 8 8 A 8 8 s 4,930,050.00 439,050.001 9.35 2 8 A 8 4,a3e,99ao9;,,_.._(ge,isaa9).. s,39 ',2 U`�U tl%�:U U F o¢.¢ aopoy.a 2 a a �ta yp¢o EE Z3.. i1 i 14'::x x'.x x z x x x 8858:88 �j 8 $0 8E8 8 :8E„1 8 8 81;8 8 ry tl N g a 8 8 �4 St g P n�" 2 6 U r r ' 0 0 gG 8 8 8' 8 :g 8 .8 g'..s 8 o 0 N r • g 8 ' g 8 8 1< 1 8 m�. 8'8 g:g g g 3 P P. 8 8 S 8 3 a 8 g 8 g o 8 8 8 8 8 5, 5$ N - - 3 N 8 3 g§$4 S g A 8 8 8 8 8 S ffi Y qN P O $ $ 8 •E. :— N N U ¢ ¢ W W W UW U U A U 8 8. 8 8 8 'g -g g g a ,g :s g g C E R B 8 N'r N 0 N 8.8 8 ,8 $-s 8 8 g g°8 Nw n 8-8 8` 8 8 I 5 s 5 8 8 s N 8 0 N S 8 a s s i x N N 8 5 8, 8 8 g 8 8 g Si x =a N+N 0,902,701100 (14,175.001 5.11 a, s aN 2 S S O^ 3:4$ $ N 8 >8 8 8 5 :g g g ,g r8 L 1 0 8 8 8 x 35. n 8 A r � 4� 2 2 E'"E 8 8 8 8 g'g g g $:g g a3 F 3 U a O 8S o g4ff 0, 8W ffi $ 8 8 2:.. T U 5::g a'« o ��LL 8'= 8, g g g 4 8 8 8 8 8 g 8 e 0 3 6 od i ry x F 8 g 8 N a A 8 8 8 8 s8 g N a tl f a 5 2 2 g g g e d e a 8 M 0 8 c N } V 8 d 4p06.2sa00 (iimiso00) _2.13 1 tY " " T r e a s u r e r ' s P o o l e d I n v e s t m e n t F u n d N o v e m b e r 3 0 : 2 0 0 5 M o n t h E n d P o r t f o l i o H o l d i n g s . R e p o r t C U S I P 1 3 6 F 5 M D 0 D E S C R I P T I O N 0 , 0 0 0 , 0 0 0 . 0 0 F E D N A T M O R T G A S S O C 3 Y r N Y r S t e H 3 6 F 7 E 1 3 5 . 0 0 0 , D O O . 0 0 F e b H A T M D R T G A S S O C . 2 1 r N c 3 M e 1 1 3 0 F 7 L T 2 S . 0 0 0 , D O D . 0 0 F E D N A T M D R T G A S 5 0 0 2 Y r N c 3 M o D 3 T o v i y r 2 5 , 0 0 0 , 0 0 0 . 0 0 F E D N A T M O R M A S 5 0 0 2 Y r N c 1 Y r 1 X { 1 3 6 F ] P E 1 ��. M 5 , I 1 0 0 , O W . 0 0 F E D N A T M O R T G A S S O C . 2 Y r N 7 1 Y r 1 X 3 1 3 6 F 7 F E 2 1 0 . 0 0 0 , 0 0 0 . 0 0 F E D N A T O R T C A S S O C . 2 . S Y r I t c 1 Y r 3 1 3 6 F 7 N 7 0 t 0 , 0 0 0 , 0 0 0 . 0 0 F E D N A T M D R T G A S S O C . 3 7 1 1 / P I X 3 t 3 6 F 7 P P 6 5 , 0 0 0 , 0 0 0 . 0 0 F E D N A T M D R T G A S S O C . 2 2 1 1 1 7 Y r I X 3 1 % F ] P P 6 F E D N A T M D R T G A S S O C . 3 Y r N c 1 Y r 1 X 3 6 F 7 O N O 1 0 0 0 0 , 0 0 0 0 0 F E D N A T M O R T G A S S O C . 3 Y r N c 1 1 0 1 X 2 8 9 , 6 2 5 , 0 0 9 0 0 F N M D - F N M A D I S C O U N T N O T E S 3 1 3 5 8 9 5 G 9 5 9 0 0 0 , 0 0 0 0 0 F N M A D I S C O U N T N O T E S 3 1 3 5 0 9 X E 8 4 8 , 0 2 1 , 0 0 0 . 0 0 F N M A D I S C O U N T N O T E S 1 8 9 , 0 0 0 , 0 0 0 . 0 0 F R M C - F E D E R A L H O M E L O A N M O R G C O R P D I 3 9 9 7 1 7 2 6 5 0 . 0 0 0 , 0 0 0 . 0 0 F E D E R A L H O M E L O A N M O R G C O R P D I 9 % 7 S N 2 5 0 . 0 0 0 . 0 0 0 . 0 0 F E D E R A L H O M E L O A N M O R O C O R P D I 3 3 9 1 1 1 3 2 3 0 . 0 0 0 0 0 9 0 0 F E D E R A L i t O M E L O A N M O R O C O R P D I M O R O C O R P 0 1 3 3 9 7 1 2 G 4 2 0 , 0 0 0 , 0 0 0 . 0 0 F E D E R A L H O M E L O A N 6 1 5 , 0 0 0 , 0 0 0 . 0 0 L A O - L O C A L A G E N C Y O B L I G A T I O N b t 6 3 0 0 0 0 . 0 0 U S D I E S T R I G T C O U R T H O U S E 1 , 7 5 5 , 0 0 0 . 0 0 M T N O - M E D T E R M N O T E S 2 0 3 8 1 0 , 0 0 0 , 0 0 0 . 0 0 W A L M A R T 4 1 a 4 7 1 M U N I - M U N I C I P A L B O N D S 9 8 2 9 8 0 0 0 8 t . 0 0 0 , 0 0 9 0 0 Y O S E M I T E C A C 1 3 0 9 1 1 D 4 9 1 9 . 0 0 0 . 0 0 0 , 0 0 C S C D A A A A / A a e N T C O L L E G E A A / V A 1 6 8 9 0 9 E 5 1 8 1 . 0 0 0 , 0 0 0 0 0 R I V E R S I D E C R T / A S S E T A a a / A A A 9 8 T 3 B 8 B D 6 , 3 6 0 , 0 0 0 . 0 0 Y O S E M I T E C A C 2 7 C O L L E G E 4 4 4 / 4 4 a 7 6 5 8 6 P A V 5 1 , 5 4 5 0 0 0 , 0 0 R C C G O B O N D S 2 0 0 4 E 4 4 - 2 1 a 9 6 3 , 0 3 5 , 0 0 0 0 9 N C D - N E G O T I A B L E C D W E 5 9 0 0 0 , 0 0 0 . 0 0 W E L L S F A R G O % 5 0 . 0 W , 0 0 0 . 0 0 R B S G R E E N W I C H W I 5 0 . 0 0 0 . 0 0 0 . 0 0 R O Y A L B A N K O F C A N A D A C O U P O N M A T U R I T Y B O O N V A L U E ' P R I C E 2 5 0 _ _ . 6 I t 2 / 2 0 0 7 1 0 , 0 3 0 , 0 0 0 . 0 0 9 2 0 9 4 . 2 5 7 2 7 2 0 0 7 4 . 9 9 5 . 9 1 2 . 5 0 9 9 . 1 0 4 . 7 5 1 D 2 5 I 2 0 0 7 5 , 0 0 0 , 0 0 0 . 0 0 9 9 0 0 4 . 9 0 1 1 / 2 8 / 2 0 0 1 5 , 0 0 0 , 0 0 0 . 0 2 9 9 . 9 4 4 8 8 1 2 2 W 2 0 0 ] . ' 5 , D O O , C 0 9 0 0 9 9 . 9 4 0 . 9 0 ' - 1 2 8 2 0 0 8 1 0 0 0 0 , 0 0 0 . 0 0 9 9 . % 5 . 0 0 h 1 1 / 2 6 1 2 0 0 5 1 0 , 0 0 0 . 0 0 0 . 0 0 9 9 _ 1 1 1 M . V A L U E ' . G A I N L O S S 9 , 7 5 5 , 8 0 0 . 0 0 ( 2 3 1 , 2 0 0 . 0 D 4 , 9 5 0 , 4 0 0 . 0 0 ( % , 9 1 2 . 5 0 4 , 9 8 2 8 0 0 . 0 0 1 T , 2 0 0 . 0 0 i 7 5 1 . 7 5 1 . 8 2 4 0 9 0 , 9 0 0 . 0 0 5 3 . 1 0 0 0 0 ) 4 9 0 1 8 4 1 9 1 4 9 9 0 . 9 0 0 . 0 0 . f 3 . 1 0 0 . 0 0 ) 4 . 8 6 ' : . . 1 . 9 2 1 . 9 9 9 , 9 0 0 , 3 0 0 . 0 0 - 9 3 , 7 0 0 . 0 0 ' . 6 . 3 0 . 1 9 7 2 0 8 9 , 9 9 3 0 0 0 . 0 0 ( 8 2 0 0 . 0 0 ) 5 . 0 0 2 T 3 2 . 9 1 L E I M A T M A T ' A v a L r f e 1 . 2 0 1 . 2 8 5 . 1 0 1 2 / i 9 4 2 0 0 8 5 , 0 0 0 , 0 0 0 . 0 0 1 0 0 . 0 9 5 , 0 0 4 , 7 0 0 . 0 0 5 1 0 1 v l w i a o e 1 0 0 . 9 6 2 . 9 7 5 , 0 0 0 . 0 0 0 . 0 0 1 0 0 . 0 9 5 , 0 2 4 , 7 0 0 . 0 0 4 , 7 0 0 . 0 0 1 D 0 . 9 6 2 . 0 ] 5 . 1 0 1 2 2 0 / 2 0 0 8 1 0 , 0 0 0 0 0 0 . 0 0 9 B 9 1 9 , 9 9 0 0 0 0 . 0 0 ( 0 , 4 0 0 . 0 0 ) 5 . 1 9 2 8 2 3 0 0 2 8 9 , 5 0 7 , 1 0 7 . 5 0 - 2 5 8 , 0 4 6 , 3 2 3 . 8 1 3 . 5 8 . 1 2 4 4 2 2 4 . 1 9 1 / 2 8 2 0 0 6 4 9 , T 1 4 , 8 4 7 2 2 9 9 4 3 4 9 , 7 4 8 4 7 2 2 4 . 2 1 0 . 0 7 0 . 0 7 6 % 5 2 4 2 0 0 0 4 7 , 1 5 2 . 0 3 2 . 0 0 9 5 . 2 7 4 7 . 1 6 9 . 5 0 0 . 0 0 1 7 , 5 5 8 . 0 0 4 4 3 0 . 4 0 0 , 4 0 1 5 8 , 8 9 5 . 7 4 3 2 3 0 . 2 3 0 2 3 4 . 0 6 1 / t 9 1 ' 2 0 0 6 4 9 , 6 3 9 , 1 1 1 . 1 1 9 9 . 2 8 4 9 , 6 3 9 , 1 1 1 . 1 1 - 4 . 0 9 0 . 0 5 0 . 0 5 4 . 1 1 2 / 1 2 0 0 8 4 9 , 5 7 2 , 3 9 5 . 8 3 9 9 4 4 9 , 5 7 2 , 3 0 5 . 8 3 - 4 . 1 4 0 0 9 O . O B 4 . 2 4 2 2 8 2 0 2 8 2 9 8 9 9 , 3 8 3 . 3 3 9 9 0 0 2 9 0 9 5 1 2 0 0 6 1 9 , 7 9 7 , 6 8 6 . 0 9 9 9 9 9 - 1 9 , ] 9 ] , 8 0 0 . 8 9 6 / 1 5 2 0 2 0 3 3 2 2 6 4 , 2 5 9 - 4 4 8 2 0 , 0 0 0 _ 0 0 1 0 0 . 0 0 1 , 7 5 5 , 0 6 0 0 6 3 9 2 , 2 8 4 2 5 9 . 4 1 1 , 7 5 5 , 0 1 6 3 0 0 4 2 9 I L 6 - 0 . 1 6 4 . 9 2 - 0 . 2 0 - 0 . 2 0 4 . 1 8 0 . 1 0 0 . 1 0 4 . 3 7 1 0 . 6 2 1 4 . 4 7 4 ] ] - 7 A 0 1 0 . 2 5 7 1 6 / 1 2 O M 1 0 1 8 2 4 0 0 . 0 0 1 0 0 . 2 6 1 0 , 0 2 7 9 0 0 . 0 0 ( 1 5 4 5 0 0 . 0 0 / 3 . 7 2 0 . 4 3 2 0 , 1 6 2 , 4 0 0 6 0 2 0 , 0 2 7 , 9 0 6 0 0 2 . 8 6 0 . 2 5 0 2 5 3 7 2 8 / 1 2 0 0 6 4 0 0 0 0 ) S 6 e 8 9 4 8 1 , 0 7 4 , 1 7 6 . 8 0 5 , 8 9 0 . 1 3 0 3 . 7 0 - 9 5 7 - - 0 . 5 6 4 . 0 0 1 1 / 1 5 2 0 D B 1 9 , 0 0 0 , 0 0 0 . 0 0 9 2 . 3 6 1 8 , 8 8 1 . 8 2 0 . 0 0 1 1 8 , 1 8 9 0 0 4 . 0 0 0 . 8 7 0 . 8 6 3 . % 6 1 1 / 2 0 0 7 B 9 0 , 3 9 9 0 0 B B . 1 T 0 8 1 , 6 6 0 . 0 0 ( 8 , 6 8 0 . 0 0 3 . 9 3 8 / 1 2 0 0 7 1 , 6 5 0 , 2 1 8 . 0 0 9 8 . 8 6 - 1 , 3 3 1 , 5 4 2 5 0 ( 1 5 , 8 7 3 5 0 ) 3 1 1 2 1 . 5 2 1 . 5 9 3 6 3 8 / 1 2 p 0 T 1 5 5 0 8 T 1 0 0 6 3 , 0 6 4 , 0 5 2 . 2 0 9 8 . 2 6 1 , 5 1 8 , 1 7 8 0 0 ( 3 2 , 6 9 2 . 2 0 ) 3 . 4 9 - 1 5 9 1 . 5 9 8 2 , 5 4 7 , 8 1 0 A 9 3 . 6 9 9 . 6 9 0 . 6 9 4 . 1 4 / 1 3 ! } 0 0 8 5 0 , 0 0 0 0 0 0 0 0 1 0 0 2 3 5 0 , 0 0 0 0 0 0 0 0 4 . 4 0 3 / 1 6 2 0 0 0 5 0 0 0 0 1 9 5 1 7 9 1 0 0 . D O 5 0 0 0 0 6 9 1 . 7 2 - 4 . 4 0 - 0 . 2 1 0 . 2 8 9 9 6 P 0 2 F 0 5 0 . 0 0 0 . 0 0 0 . 0 0 S O C I E T E G E N E R A L E 4 4 1 3 2 0 / 2 0 0 8 5 0 G O O 7 1 9 . 9 3 1 0 0 . 0 0 - " 5 0 0 0 0 , 7 1 9 . 9 3 - 4 , 4 0 - 0 . 2 4 0 . 2 4 4 0 0 . 0 0 0 . 0 0 0 . 0 0 " - - 4 0 0 , e a 2 2 o 6 A 4 - 4 0 0 , 0 0 2 , 2 0 0 4 4 - 4 . 3 2 R E P O - R E P U R C H A S E A G R E E M E N T 0 . 1 4 0 . 1 4 4 0 . 0 0 0 , 0 0 0 . 0 0 T C D - T I M E D E P O S I T S _ 4 0 , 0 0 0 2 0 0 . 0 0 4 0 . 4 1 0 1 1 . 0 0 0 . 0 0 4 1 8 0 . 0 1 0 . 0 1 5 , 0 0 0 , 0 0 0 . 0 0 C I T I Z E N S B U S I N E S S B A N ( 4 . 1 8 3 / 1 5 / 2 0 0 8 5 0 0 0 , 0 0 0 0 0 1 0 0 . 0 0 2 5 , 0 0 0 . 0 0 0 . 0 0 T o t a l e , o l e g l e a m . 0 0 1 T 1 m m u t a t O m 4 4 H o l d . I v F M m H o m y 2 7 0 e 1 s e c u l a r � M e a d o n M e m a t e w p l o w 2 / a r p s C v r u m b a A p o e m o A A p r i n c i p a l F r o l t a H " M I I Y . ' H a g n t e a I N M v l l l f . J l o c a l l g l y O L L p S a n l o r e a a h F l r p t w y v g y a a d b P p q . 4 I 4 4 4 1 " " 4 & t a m i e p c o W i g e a l a s e c u r i t y b a t l u p w 2 4 2 T b l i d . . 2 e . , m 6 Y E J n b n e l a m o w * . I l e h i d e M ' b Y 2 5 . 0 0 0 , O O O . D O 4 , 0 1 0 . 0 3 A 2 4 0 0 4 8 3 , 0 9 2 , 4 9 2 A 0 1 . 9 1 t 8 0 . 2 0 0 . 2 0 2 7 O . t 0 : ' 0 . 1 9 - 0 . 0 0 5 . 7 4 Summary of Authorized Investments The Treasurer's Pooled Investment Fund was in FULL COMPLIANCE with the Treasurer's Statement of Investment Policy. The County's Investment Policy is more restrictive than the California Government Code. This policy is reviewed annually by the County's Investment Oversight Committee and approved by the County Board of Supervisors. California Government Code Investment Category Maximum Maturity Authorized & Lean Coun Investment Polic Quality S&P/ IMaximum Matcr- Mcody"s 3 iry: . Authorized °G Umit . Quality S&P/ Moody's Actual Rive side Portfolio ti LOCAL AGENCY BONDS 5 YEARS NO LIMIT 3 YEARS 15%/ y150MM A/A2/A 2.07% CALI AGE ORNIA LOCAL CY DEBT 5 YEARS . NO LIMIT 3 YEARS t 2.5% I INVESTMENT GRADE 0.04% BILLS OF EXCHANGE 270 DAYS 40% 0.) REVERSE REPOS 92 DAYS 20% Ca1TRUST SHORT TERM FUND N/A N/A N/A SECURED BANK DEPOSITS 5 YEARS 180 DAYS 60 DAYS 30% 10% MAX DAILY LIQUIDITY Al/P3/F1 0.00% 10.65% Al/P1/F1 Board Approved 0.00% 0.63% NO LIMIT 1YEAR 2% 0.00% LOCAL AGENCY INVESTMENT FUNDS N/A NO LIMIT 0.00% + No more than 30% or thk Category may be invested with any one commercial bank 4 Mutual Funds maturity may be interpreted as we✓ghted average maturity not exceeding 90 days 3 Or must have an Investment advisor with not less than 5 years experience and with assets under management of $semooO,000. Proiected Cash Flow The Pooled Investment Fund cash flow requirements are based upon a 12 month historical cashflow model. Based upon projected cash receipts and matu- rating investments, there are sufficient Funds to meet future cash flow disbursements over the next 12 months. . Monthly Monthly Month • Receipts Disbmts Difference Required Mat. Invest Balance Actual Inv. Maturities Avail. To Invest> 1Yr. 1/2006 18.3 02/2006 04/2006 06/2006 6/1 3 1,008 1 599.8 655 2 735.1 882.5 (119) 303.0 (2827) 119 222.2 414.1 354.8 80.0 243.5 08/2006 688.1 699.5 (114) 10.0 107.7 10/2006 612.2 735.6 (123.4) 123.4 45.0 Totals 9,0822 9,054.6 27.6 784.4 19. +; Z863.5 71.41% 3,225.6 80.44% THIS COMPLETES THE REPORT REQUIREMENTS OF CALIFORNIA GOVERNMENT CODE 53646 Page 3 " A G E N D A I T E M 7 E " " " " R I V E R S I D E C O U N T Y T R A N S P O R T A T I O N C O M M I S S I O N D A T E : M a r c h 8 , 2 0 0 6 T O : R i v e r s i d e C o u n t y T r a n s p o r t a t i o n C o m m i s s i o n F R O M : C a t h y B e c h t e l , P r o j e c t D e l i v e r y D i r e c t o r T H R O U G H : E r i c H a l e y , E x e c u t i v e D i r e c t o r S U B J E C T : R e q u e s t f o r F u n d i n g A s s i s t a n c e f o r t h e W e s t e r n R i v e r s i d e C o u n t y S p e c i a l A r e a M a n a g e m e n t P l a n S T A F F R E C O M M E N D A T I O N : T h i s i t e m i s f o r t h e C o m m i s s i o n t o a l l o c a t e $ 1 3 3 , 0 0 0 i n S t a t e T r a n s p o r t a t i o n I m p r o v e m e n t P r o g r a m ( S T I P ) P l a n n i n g , P r o g r a m m i n g a n d M o n i t o r i n g f u n d s t o a s s i s t i n t h e c o m p l e t i o n o f t h e S p e c i a l A r e a M a n a g e m e n t P l a n ( S A M P ) . B A C K G R O U N D I N F O R M A T I O N : T h e W e s t e r n R i v e r s i d e C o u n t y S p e c i a l A r e a M a n a g e m e n t P l a n ( S A M P ) i s a c o m p r e h e n s i v e p l a n f o r p r o t e c t i n g a n d e n h a n c i n g a q u a t i c r e s o u r c e s i n t h e S a n J a c i n t o a n d S a n t a M a r g a r i t a R i v e r W a t e r s h e d s w h i l e p r o v i d i n g f o r t h e p e r m i t t i n g o f r e a s o n a b l e e c o n o m i c d e v e l o p m e n t a n d p u b l i c i n f r a s t r u c t u r e / m a i n t e n a n c e a c t i v i t i e s . T h e S A M P i s p a r t o f t h e R i v e r s i d e C o u n t y I n t e g r a t e d P r o j e c t a n d i s b e i n g c o m p l e t e d b y t h e A r m y C o r p s o f E n g i n e e r s w i t h a c t i v e p a r t i c i p a t i o n f r o m m a n y R i v e r s i d e C o u n t y d e p a r t m e n t s . A S A M P h a s t h e f o l l o w i n g b e n e f i t s : " I t w i l l e s t a b l i s h t h e e q u i v a l e n t o f a n a t i o n w i d e C o r p s p e r m i t , w h i c h i s n o t a v a i l a b l e w i t h i n t h e S a n t a M a r g a r i t a a n d S a n J a c i n t o w a t e r s h e d s . " T h e r e w o u l d b e m o r e c e r t a i n t y i n t h e p r o c e s s a n d m o s t p r o j e c t s ( p u b l i c a n d p r i v a t e ) w o u l d n o t b e r e q u i r e d t o o b t a i n i n d i v i d u a l C o r p s p e r m i t s . " S t a t e w a t e r q u a l i t y a n d s t r e a m b e d a l t e r a t i o n p e r m i t s w o u l d a l s o b e c o v e r e d b y t h e S A M P . T h e C o r p s h a s h a d t o p u t w o r k o n h o l d d u e t o f u n d i n g s h o r t f a l l s . I t i s e s t i m a t e d t h a t t h e p l a n c o u l d b e c o m p l e t e d i n 1 2 - 1 8 m o n t h s a t a c o s t o f $ 5 3 2 , 0 0 0 . T h e R e g i o n a l C o n s e r v a t i o n A u t h o r i t y h a s b e e n w o r k i n g w i t h C o n g r e s s m a n C a l v e r t ' s o f f i c e a n d t h e c o u n t y o f R i v e r s i d e t o d e v e l o p a p r o g r a m t o c o m p l e t e t h e S A M P . T h e C o m m i s s i o n h a s b e e n r e q u e s t e d t o a s s i s t b y c o n t r i b u t i n g $ 1 3 3 , 0 0 0 . O t h e r a g e n c i e s e x p e c t e d t o p a r t i c i p a t e i n t h e f u n d i n g o f t h e S A M P i n c l u d e R i v e r s i d e C o u n t y F l o o d C o n t r o l , t h e R e g i o n a l C o n s e r v a t i o n A u t h o r i t y a n d t h e C o u n t y ' s T r a n s p o r t a t i o n a n d L a n d M a n a g e m e n t A g e n c y . C o n g r e s s m a n C a l v e r t i s p u r s u i n g a r e p a y m e n t o f t h e f u n d s a s p a r t o f t h e 2 0 0 7 F e d e r a l b u d g e t . A g e n d a I t e m 7 E 5 0 The Commission previously approved use of STIP Planning, Programming and Monitoring (PPM) funds for Riverside County Integrated Project (RCIP) activities, specifically for the Community and Environmental Transportation Acceptability Process (CETAP) corridor work. There are western county PPM funds available for use in FY 2005/06 which staff proposes be used to support the SAMP. Financial Information In Fiscal Year Budget: s No Year: FY2005/06 Amount: $133,000 Source of Funds: STIP PPM Budget Ad ustment: Yes GLA No.: 106 65 81501 Fiscal Procedures Approved: ` ,,, Date: Attachment: Letter from Congressman Calvert Agenda Item 7E 51 • 75908 CB • CoMa@nTEE ON SCIENCE CHAIRMAN 011000M10177E0 DN 5PAM AND AERONAUTICS OOMMIME-ON ARMED SERVICES SURC:261uR3'770 PROJECTION FORCES TACTICAL AIR AND LANDED/ICES COMMITTEE ON RESOURCES St19tOBeNITTEF, WATER AND POWER jSDp;6nlvw00000107.71vert Cong a% of the President George W. Bush The White }louse 1600 Pennsylvania Ave., NW Washington, DC 20500 Dear President Bush: niteb *tees' Abouse of Atprdentatibel allagington, 205t5-0544 January 11, 2006 KEN CALVERT MTn DIsTNt,, CActrowN4 2201 RAveuryN KNAVE Oerme %JADING WA.000/07, DC 20515-0514 I2021225-1696 DISTRICT MICE& USD CENTRN. AVENUE Sum WO 1100/000, CA 02500 0511 R344300 26111 ANToN1D PAN[WAY LAN FLAMN, GA s2ses pEVERVEN FEB23 MN I TRANSRitiEliSiDE PORTATON�OUNTY COM v1JSSJON As a Member of the California Congressional Delegation, I greatly appreciate the support that your Administration has given to the Army Corps of Engineers (Corps) and the Riverside County Flood Control and Water Conservation District (District), and I look forward to your continued support for the Corps and the District in your upcoming FY 2007 budget request. Specifically, I respectfully seek your support for S532,000 in FY 2007 for the District's Special Area Management Plans (SAMP) for the San Jacinto and Santa Margarita River Watersheds to continue implementation of this important project. The SAMP is part of the Riverside County Integrated Project (RC/3?) and completing this project in a timely manner is crucial for the development of these communities and the surrounding region. The RC1P is an effort by the County to determine how to best balance the region's future transportation, habitat, open space and land-use/housing needs. In 1999, work was initiated on the RCIP to determine the best way to balance these factors. When complete, the project will create regional conservation and development reserves that will protect entire communities of native plants and animals white streamlining the process for compatible economic development in other areas. This funding is critical for the Corps to continue work on the SAMP for both the San Jacinto and Santa Margarita watersheds in order to qualitatively identify existing and future water resources requirements in each area and to achieve a balance between aquatic resources protection and economic development. This comprehensive planning effort will be used to assist Federal, State and local agencies with their decision -making and permitting authority to protect, restore and enhance aquatic resources while accommodating various development activities. The implementation of these plans will set a blueprint for responsible growth fbr the region and an example of good community planning for the State of California and the nation. While much work has been completed, the efforts are not yet final and more work remains to be done. Thank you Ibr your consideration of this request, and I look forward to working with you in the future to advance this important project. Since KEN CALVERT }Member of Congress PRINTED ON RECYLtED PAPER 52 AGENDA ITEM 7F RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 8, 2006 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Shirley Medina, Program Manager THROUGH: Eric Haley, Executive Director SUBJECT: Transportation Uniform Mitigation Fee Administrative Policy (TUMF) Programming BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to approve the TUMF Programming Administrative Policy. BACKGROUND INFORMATION: At its September 8, 2004 meeting, the Commission approved a five-year Transportation Uniform Mitigation Fee (TUMF) Regional Arterial program that covers FY 2005 - FY 2009. A total of $71.3 million was allocated to 23 projects for various project phases. In addition to the above, the Commission directed staff to administratively amend the project status, cost and revenue figures based on actions taken by Western Riverside Council of Governments (WRCOG) in amending the TUMF 10-Year Strategic Plan and Nexus Study. As with other funding programs, staff has identified additional administrative actions and is seeking approval to implement an administrative policy to cover such actions that may not require Commission approval. These following actions pertain to individual projects and include: 1) the reprogramming of funds within allocated amount; and 2) cost increases up to 10% for the construction phase only (the Commission's September 2004 approval did not include contingency). The proposed policy will allow staff the flexibility to work with the cities and in assisting with project delivery. TUMF Programming Administrative Po/icy Per the TUMF Project Implementation Administrative Policy, RCTC staff may approve project amendments within the following parameters: Agenda Item 7F 53 1) Updates to the approved project status, cost and revenue figures pursuant to any actions or amendments taken by WRCOG regarding updates to the TUMF 10-year Strategic Plan and Nexus Study. 2) Reprogramming of funds, not to exceed the allocated amount, including: a) Programming funds from one phase to another b) Advancing funds from one phase to another c) Delaying funds from one phase to another 3) Allowance of an additional 10% increase for the construction phase if requested. Staff anticipates reprogramming requests in the near -term and the proposed policy would result in timely processing and implementation of TUMF projects. Programming requests outside of the above parameters will be brought forward to the Commission for approval. Agenda Item 7F 54 AGENDA ITEM 7G • " R I V E R S I D E C O U N T Y T R A N S P O R T A T I O N C O M M I S S I O N D A T E : M a r c h 8 , 2 0 0 6 T O : R i v e r s i d e C o u n t y T r a n s p o r t a t i o n C o m m i s s i o n F R O M : T a n y a L o v e , P r o g r a m M a n a g e r T H R O U G H : E r i c H a l e y , E x e c u t i v e D i r e c t o r S U B J E C T : C i t i z e n s ' A d v i s o r y C o m m i t t e e / S o c i a l S e r v i c e s A d v i s o r y C o m m i t t e e T r a n s p o r t a t i o n S T A F F R E C O M M E N D A T I O N : T h i s i t e m i s f o r t h e C o m m i s s i o n t o : 1 ) R e n e w S h e r r y T h i b o d e a u x , A n d r e a P u g a a n d M a r y V e n e r a b l e ' s m e m b e r s h i p s t o t h e C i t i z e n s ' A d v i s o r y C o m m i t t e e / S o c i a l S e r v i c e s T r a n s p o r t a t i o n A d v i s o r y C o m m i t t e e ( C A C / S S T A C ) ; 2 ) A p p o i n t M i c h e l l e A n g l i n a s a n e w m e m b e r t o t h e C A C / S S T A C ; a n d 3 ) A p p r o v e t h e m e m b e r s h i p r o s t e r f o r C A C / S S T A C e f f e c t i v e J a n u a r y 2 0 0 6 . B A C K G R O U N D I N F O R M A T I O N : T h e T r a n s p o r t a t i o n D e v e l o p m e n t A c t ( T D A ) p r o v i d e s d i r e c t i o n f o r a d m i n i s t e r i n g b o t h L o c a l T r a n s p o r t a t i o n F u n d ( L T F ) a n d S t a t e T r a n s i t A s s i s t a n c e ( S T A ) f u n d s . B o t h f u n d t y p e s a r e u s e d t o s u p p o r t o p e r a t i n g a n d c a p i t a l c o s t s f o r p u b l i c t r a n s p o r t a t i o n . S e c t i o n 9 9 2 3 8 o f t h e T D A r e q u i r e s t h a t t h e C o m m i s s i o n h a v e a C i t i z e n s ' A d v i s o r y C o m m i t t e e / S o c i a l S e r v i c e s T r a n s p o r t a t i o n A d v i s o r y C o m m i t t e e c o n s i s t i n g o f c a t e g o r i c a l m e m b e r s h i p s a s f o l l o w s : 1 ) O n e r e p r e s e n t a t i v e o f a p o t e n t i a l t r a n s i t u s e r w h o i s 6 0 y e a r s o f a g e o r o l d e r ; 2 ) O n e r e p r e s e n t a t i v e o f a p o t e n t i a l t r a n s i t u s e r w h o i s h a n d i c a p p e d ; 3 ) T w o r e p r e s e n t a t i v e s o f t h e l o c a l s o c i a l s e r v i c e p r o v i d e r s f o r s e n i o r s , i n c l u d i n g o n e r e p r e s e n t a t i v e o f a s o c i a l s e r v i c e t r a n s p o r t a t i o n p r o v i d e r , i f o n e e x i s t s ; 4 ) T w o r e p r e s e n t a t i v e s o f l o c a l s o c i a l s e r v i c e p r o v i d e r s f o r t h e h a n d i c a p p e d , i n c l u d i n g o n e r e p r e s e n t a t i v e o f a s o c i a l s e r v i c e t r a n s p o r t a t i o n p r o v i d e r , i f o n e e x i s t s ; 5 ) O n e r e p r e s e n t a t i v e o f a l o c a l s o c i a l s e r v i c e p r o v i d e r f o r p e r s o n s o f l i m i t e d m e a n s ; a n d , A g e n d a I t e m 7 G 5 5 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. As further identified in Section 99238, members of the social services transportation advisory council shall be appointed by the Transportation Planning Agency (TPA). Candidates shall be recruited from a broad representation of social service and transit providers representing the elderly, the handicapped, and persons of limited means. RCTC is the TPA for Riverside County. In appointing council members, the TPA shall strive to attain geographic and minority representation among council members. Initial appointments to the CAC/SSTAC are staggered with members appointed to one, two and three-year terms. Once initial appointments are made, subsequent renewals are for a three-year term. Appointments for Sherry Thibodeaux, Andrea Puga and Mary Venerable need to be renewed. Staff contacted these members and all have indicated that they would like to have their appointments reconfirmed. In addition, there is a categorical opening for a "local social service provider for the handicapped, including one representative of a social service transportation provider" (categorical membership number 4 above). Staff recommends that Michelle Anglin, city of Norco employee, be appointed to fill this vacancy. The city of Norco operates a specialized transportation program for seniors, disabled and low income population for medical, nutrition and shopping excursions. Ms. Anglin has expressed an interest in being a member of the CAC/SSTAC. For the past several years, staff has requested CAC/SSTAC's participation in reviewing the testimony of the Commission's Unmet Transit Needs Hearing, the SB 821 Bicycle and Pedestrian Facilities Program and the Federal Transit Administration's (FTA) Section 5310 program. Following is a brief description of each program: Unmet Transit Needs Hearing State law requires that prior to making any allocations of Local Transportation Funds (LTF) not directly related to public transit, the Commission must identify the unmet transit needs in the area and determine those that are reasonable to meet. At least one public hearing must be held to solicit comments on unmet transit needs. The only area that this determination of unmet needs is applicable to is the Palo Verde Valley where it is anticipated that not all funds will be needed for transit. In the western county and the Coachella Valley, all available local transit funds are being used for transit services. This year, the Unmet Transit Needs Agenda Item 7G 56 " " H e a r i n g i s s c h e d u l e d f o r W e d n e s d a y , M a r c h 1 , 2 0 0 6 a t 1 : 3 0 p . m . i n B l y t h e , C a l i f o r n i a . S B 8 2 1 B i c y c l e a n d P e d e s t r i a n F a c i l i t i e s P r o g r a m E a c h y e a r 2 % o f t h e L T F r e v e n u e i s m a d e a v a i l a b l e f o r u s e o n b i c y c l e a n d p e d e s t r i a n f a c i l i t y p r o j e c t s t h r o u g h t h e C o m m i s s i o n ' s S B 8 2 1 P r o g r a m . T h i s i s a d i s c r e t i o n a r y p r o g r a m a d m i n i s t e r e d b y t h e C o m m i s s i o n . T h e r e a r e t h r e e s t e p s t o c a r r y o u t t h e p r o g r a m : 1 ) A l l c i t i e s a n d t h e c o u n t y a r e n o t i f i e d o f t h e S B 8 2 1 p r o g r a m e s t i m a t e o f a v a i l a b l e f u n d i n g a n d a r e r e q u e s t e d t o s u b m i t p r o j e c t p r o p o s a l s . ( A l l s c h o o l d i s t r i c t s i n t h e c o u n t y a r e a l s o n o t i f i e d a n d a s k e d t o c o o r d i n a t e p r o j e c t s u b m i s s i o n s w i t h e i t h e r t h e i r l o c a l c i t y o r t h e C o u n t y T r a n s p o r t a t i o n D e p a r t m e n t . ) T h e C o m m i s s i o n ' s S B 8 2 1 p r o g r a m p o l i c i e s , p r o j e c t a p p l i c a t i o n , a n d s e l e c t i o n c r i t e r i a a r e a l s o p r o v i d e d w i t h t h e n o t i f i c a t i o n ; 2 ) T h e C o m m i s s i o n ' s S B 8 2 1 E v a l u a t i o n C o m m i t t e e , c o m p r i s e d o f m e m b e r s o f t h e C o m m i s s i o n ' s T e c h n i c a l a n d C i t i z e n s ' A d v i s o r y C o m m i t t e e s ( 3 e a c h ) , m e e t s t o r e v i e w a n d r a n k t h e p r o j e c t a p p l i c a t i o n s u s i n g t h e e v a l u a t i o n c r i t e r i a a d o p t e d b y t h e C o m m i s s i o n a n d r e c o m m e n d s p r o j e c t s a n d f u n d i n g a m o u n t s t o t h e C o m m i s s i o n f o r a p p r o v a l ; a n d 3 ) T h e C o m m i s s i o n r e v i e w s t h e C o m m i t t e e ' s r e c o m m e n d a t i o n s a n d a p p r o v e s a p r o g r a m o f b i c y c l e a n d p e d e s t r i a n p r o j e c t s f o r f u n d i n g . S t a f f h a s t e n t a t i v e l y s e t t h e m e e t i n g o f t h e E v a l u a t i o n c o m m i t t e e f o r t h e w e e k o f J u n e 1 2 t ' ' o r J u n e 1 9 t " , 2 0 0 6 , d e p e n d i n g o n t h e a v a i l a b i l i t y o f t h e c o m m i t t e e m e m b e r s . F T A ' s S e c t i o n 5 3 1 0 P r o g r a m T h e F T A S e c t i o n 5 3 1 0 P r o g r a m p r o v i d e s c a p i t a l g r a n t s f o r t h e p u r p o s e o f a s s i s t i n g p r i v a t e , n o n - p r o f i t c o r p o r a t i o n s a n d p u b l i c a g e n c i e s , u n d e r c e r t a i n c i r c u m s t a n c e s , i n p r o v i d i n g t r a n s p o r t a t i o n s e r v i c e s t o m e e t t h e n e e d s o f s e n i o r s a n d p e r s o n s w i t h d i s a b i l i t i e s f o r w h o m p u b l i c t r a n s p o r t a t i o n s e r v i c e s a r e o t h e r w i s e u n a v a i l a b l e , i n s u f f i c i e n t o r i n a p p r o p r i a t e . T h e p r o g r a m p r o v i d e s f u n d i n g f o r a p p r o v e d p r o j e c t s o n a n 8 8 . 5 3 % f e d e r a 1 / 1 1 . 4 7 % l o c a l m a t c h b a s i s . T h i s y e a r t h e L o c a l R e v i e w C o m m i t t e e i s s c h e d u l e d t o m e e t o n M a r c h 1 4 , 2 0 0 6 . A g e n d a I t e m 7 G 5 7 In addition, members of CAC/SSTAC review the draft Short Range Transit Plans from the eight public operators providing services in Riverside County. Attachment: CAC/SSTAC Membership Roster Agenda Item 7G 58 RIVERSIDE COUNTY TRANSPORTATION COMMISSION CITIZEN'S ADVISORY COMMITTEE MEMBER ROSTER (Proposed) Effective: January, 2006 Name/Area Represented j Categorical Membership I Term Date I Qualifications Michelle Anglin Norco Social service provider for senior citizens/disabled Expires 1/07 Provides senior/disabled services Peter Benavidez Riverside Potential transit user who is disabled Expires 1/07 Previous CAC/SSTAC member Jim Collins Indio 1 Potential transit user who is 60 years of age or older Expires 1/07 Previous CAC/SSTAC member Eunice Lovi SunLine Transit Agency Coachella Valley Consolidated Transportation Service Agency Expires 1/07 SunLine Transit Agency staff Judy Nieburger Moreno Valley Social service provider for senior citizens/disabled Expires 1/07 Past RCTC and Metrolink member Mike Pistilli Pass Area Transit Social service transportation provider for the disabled/ limited means Expires 1/07 Works for the City of Beaumont transit service, participates in the Pass Area Transit Study Andrea Puga Ilona Community member Expires 1/08 Past member of RCTC, RTA and Metrolink Scott Richardson-RTA Western Riverside Consolidated Transportation Service Agency Expires 1/07 Riverside Transit Agency staff Cindy Scheirer Pedley Community member Expires 1/07 Involved in community issues and has attended Transportation NOW meetings Sherry Thibodeaux Riverside Social service provider for persons of limited means Expires 1/08 Interested in transit issues. Works for the Community Access Center. Hosts support groups for women with disabilities and domestic violence cases. Mary Venerable Perris Social service transportation provider for elderly Expires 1/08 Involved in community issues and a member of Lake Elsinore Transportation NOW 59 AGENDA ITEM 7H RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 8, 2006 TO: Riverside County Transportation Commission FROM: Sheldon Peterson, Rail Programs Manager THROUGH: Eric Haley, Executive Director - SUBJECT: New Year -Round Inland Empire — Orange County Weekend Service STAFF RECOMMENDATION: This item is for the Commission to: 1) Approve implementation of year-round Inland Empire -Orange County (IEOC) weekend service; 2) Amend the RCTC Commuter Rail SRTP to include the new IEOC weekend trains; 3) Allocate $120,000 in Local Transportation Funds for operations and promotion of the IEOC weekend service for FY 2005/06, and amend the Commuter Rail Budget by $120,000; and 4) Receive and file the Commuter Rail Program Update as an information item. BACKGROUND INFORMATION: On what would have been the 11' year of the Beach Train service, ROTC, OCTA, and SANBAG have tentatively agreed to start year round IEOC weekend service. The cooperation on this project is a first step in implementing the transit enhancements as part of the Riverside County - Orange County Major Investment Study. The bi-county agreement identifies expanding Metrolink commuter rail service as one of the transit improvements in each of the strategic alternatives. For Riverside County this is a testament to the demand and success of the long running Beach Train program. In 2005, the Beach Train was transformed to SummerLink with multiple round trips and new ticketing procedures on a seasonal basis. After the success of that service, staff is requesting authority to implement year round IEOC service starting in May 2006. The proposed service would provide for three round trips on Saturday and two round trips on Sunday operating between San Bernardino and Oceanside. The proposed Saturday and Sunday schedules would have two trains departing San Bernardino for Oceanside in the morning with afternoon -returns. The additional train on Saturday will depart Oceanside in the morning going to Riverside Agenda Item 7H 60 and returning in the afternoon. The exact schedules are being developed by Metrolink staff. The new service is planned to start in May 2006 but may be delayed due to issues with the contractor's ability to hire and train operating crews in time. This service would require an amendment to the RCTC Commuter Rail SRTP FY 2005/06. The plan will need to update the Operating Service Assumption to include 6 IEOC Saturday trains and 4 IEOC Sunday trains. In addition, staff requests an additional allocation of $120,000 in Local Transportation Fund (LTF) funds to operate and promote this new service in FY 2005/06. The operating funds will be used for labor costs for train crews, fuel, and equipment maintenance. The new service will be promoted using a marketing plan that includes newspaper and web advertising, seat drops, station banners, brochures, mass mailings, and public event outreach. Should a delay in service occur due to the previously mentioned staffing requirements, the LTF funds will be placed in reserve. BACKGROUND INFORMATION: Riverside Line 5,200 5,000 a 4,800 4,600 0 4,400 4,200 4,000 Passenger Trips Riverside Line 4 1��\ PJ� g�O6` �°, pec'� Month Passenger trips on Metrolink's Riverside Line for the month of January averaged 4,518 which is up 270 (+6%) from the month of December. The Line averaged an overall decrease of (-2%) from a year ago January 2005. Agenda Item 7H 61 100 a) 95 • 90 a: w 85 • 80 a 75 70 On Time Performance (95% Goal) Riverside Line Month January on -time performance averaged 76% inbound (-21 % from December) and 76% outbound (-18% from December). There were 60 delays greater than 5 minutes during the month of January. The following were the primary causes: Signals/Track/MOW Dispatching Mechanical Other Riverside Line On Time Performance Follow Up The Riverside Line on time performance has improved due to better dispatching from the UPRR. The Line on time performance was 71 % in April and has dramatically increased since then and has maintained a level near or above 95% for the second half of 2005. However the Union Pacific major track replacement program has impacted train service starting in January. It anticipates that train service will not travel through from Riverside to Los Angels for about 20 service days over a four month period from February to May of 2006. Metrolink has developed a plan to accommodate the passengers with bus bridges and additional cars on parallel service along the 91 Line. Currently the bus connections are carrying only a handful of riders and most people are driving to alternative stations. Agenda Item 7H 62 There will also be a half price monthly passes for Riverside Line users for the months of April and May to compensate for the disruption. Inland Empire -Orange County Line Passenger Trips Inland Empire Orange County Line 4,400 4,200 c 4,000 r 3,800 3,600 3,400 3,200 ph ph p� d3 p`� ph 04' Oy ph Oh Oh O� OHO lac�a� C sJ� PJ� hex oc, �o� Oec Sao Month Passenger trips on Metrolink's Inland Empire -Orange County (IEOC) Line for the month of January averaged 4,281 an increase of 629 riders or (+17%) change from the month of December. The line has increased -17% from a year ago January 2005. 100 95 m 90 rn .a c 85 d 12) U Q 80 75 70 Agenda Item 7H On Time Performance (95% Goal) Inland Empire Orange County Line ph 0' `0° `ph 0r) p) \0) 0) Oh Oh Ah 0° � �a QQ• 4a\ 1 Qom°' y�Q Oc';` �o4 oeo Sao Month 63 • " J a n u a r y o n - t i m e p e r f o r m a n c e a v e r a g e d 9 2 % s o u t h b o u n d ( + 2 % f r o m D e c e m b e r ) a n d 8 6 % n o r t h b o u n d ( - 4 % f r o m D e c e m b e r ) . T h e r e w e r e 3 8 d e l a y s g r e a t e r t h a n f i v e m i n u t e s d u r i n g t h e m o n t h o f J a n u a r y . T h e p r i m a r y c a u s e s w e r e : 9 9 L i n e 2 , 2 0 0 2 , 0 0 0 1 , 8 0 0 1 , 6 0 0 1 , 4 0 0 1 , 2 0 0 P a s s e n g e r T r i p s 9 1 L i n e ( 0 o y o ` ' < 0 o ��' o ` ' o �� 0 ` 9 0 ` ' 5 � � o h o 6 s c e a �� Q c a �� o �� o �� A N o . = o � c M o n t h P a s s e n g e r t r i p s o n M e t r o l i n k ' s 9 1 L i n e f o r t h e m o n t h o f J a n u a r y a v e r a g e d 1 , 9 9 1 a n i n c r e a s e o f 1 9 0 r i d e r s o r ( + 1 1 % ) f r o m t h e m o n t h o f D e c e m b e r . T h e l i n e h a s a v e r a g e d a n i n c r e a s e o f 1 0 % f r o m a y e a r a g o J a n u a r y 2 0 0 5 . A g e n d a I t e m 7 H 6 4 On Time Performance (95% Goal) 91 Line 100 95 as eIn 90 85 u i 80 a 75 70 ac0 z�0 a`0 Q`0 a�0 J�0 oh �0 doh Ah o oh 5'06 06 ,a Month January on -time performance averaged 90% inbound (+3% from December) and 90% outbound (+1% from December). There were 18 delays greater than five minutes during the month of January. The primary causes were: Signals/MOW/Track Dispatching Mechanical Other Financial Information In Fiscal Year Budget: No Year: FY 2005/06 Amount: $120,000 Source of Funds: Local Transportation Funds Budget Ad ustment: Yes GLA No.: 103-25-86101 Fiscal Procedures Approved: `/4„/,,d,, Date: 2/21 /06 Agenda Item 7H 65 " A G E N D A I T E M 7 1 " " " R I V E R S I D E C O U N T Y T R A N S P O R T A T I O N C O M M I S S I O N D A T E : M a r c h 8 , 2 0 0 6 T O : R i v e r s i d e C o u n t y T r a n s p o r t a t i o n C o m m i s s i o n F R O M : J o h n S t a n d i f o r d , P u b l i c A f f a i r s D i r e c t o r T H R O U G H : E r i c H a l e y , E x e c u t i v e D i r e c t o r S U B J E C T : P u b l i c O u t r e a c h S e r v i c e s C o n t r a c t f o r P e r r i s . V a l l e y L i n e M e t r o l i n k E x t e n s i o n S T A F F R E C O M M E N D A T I O N : T h i s i t e m i s f o r t h e C o m m i s s i o n t o a w a r d : 1 ) T h r e e - y e a r c o n s u l t a n t a g r e e m e n t N o . 0 6 - 2 5 - 0 3 4 - 0 0 t o O ' R e i l l y P u b l i c A f f a i r s i n a n a m o u n t n o t t o e x c e e d $ 1 4 0 , 0 0 0 ; a n d 2 ) T h r e e - y e a r c o n s u l t a n t a g r e e m e n t N o 0 6 - 2 5 - 0 3 5 - 0 0 t o M o o r e l a c o f a n o G o l t s m a n , I n c . i n a n a m o u n t n o t t o e x c e e d $ 1 4 0 , 0 0 0 . B A C K G R O U N D I N F O R M A T I O N : A s t h e P e r r i s V a l l e y L i n e ( P V L ) p r o j e c t c o n t i n u e s t o p r o g r e s s t h r o u g h s t a g e s o f e n v i r o n m e n t a l c l e a r a n c e , s t a t i o n p l a n n i n g , a n d p r e l i m i n a r y e n g i n e e r i n g , c o m m u n i t y o u t r e a c h a n d p u b l i c i n f o r m a t i o n w i l l b e c o m e i n c r e a s i n g l y i m p o r t a n t t o t h e s u c c e s s o f e x t e n d i n g M e t r o l i n k i n t o a d d i t i o n a l p o r t i o n s o f R i v e r s i d e C o u n t y . R e c o g n i z i n g t h a t , t h e C o m m i s s i o n a p p r o v e d t h e i s s u a n c e o f a R e q u e s t f o r P r o p o s a l s a t i t s S e p t e m b e r 1 4 , 2 0 0 5 , m e e t i n g . S t a f f d i d a d d i t i o n a l a n a l y s i s o f t h e p u b l i c a f f a i r s n e e d s f o r t h e p r o j e c t , a n d a n a n n u a l b u d g e t o f $ 1 0 0 , 0 0 0 w a s e s t a b l i s h e d w i t h i n t h e p r o j e c t b u d g e t f o r p u b l i c r e l a t i o n s a n d o u t r e a c h . T h e n e e d s f o r t h i s p r o j e c t i n c l u d e o u t r e a c h t o c o m m u n i t i e s a d j a c e n t t o t h e l i n e , o u t r e a c h t o n e i g h b o r h o o d s a n d s c h o o l s l o c a t e d n e a r t h e l i n e a n d n e a r s t a t i o n s , i n t e r a c t i o n w i t h o t h e r a g e n c i e s i n c l u d i n g m u n i c i p a l i t i e s a n d w o r k w i t h t h e b u s i n e s s c o m m u n i t y a n d w i t h e m p l o y e r s t o d e v e l o p s u p p o r t f o r a l i n e w h e n i t b e c o m e s o p e r a t i o n a l i n 2 0 0 8 . G i v e n t h e s e r e q u i r e m e n t s , a d e t a i l e d R e q u e s t f o r P r o p o s a l w a s s e n t o u t i n D e c e m b e r w i t h t h e C o m m i s s i o n r e c e i v i n g n i n e q u a l i f i e d r e s p o n s e s f r o m t h e f o l l o w i n g f i r m s a n d t h e c i t i e s i n w h i c h t h e y a r e l o c a t e d . A g e n d a I t e m 7 1 6 6 " A d l e r P u b l i c A f f a i r s , L o n g B e a c h " C o n s e n s u s P l a n n i n g G r o u p , D i a m o n d B a r " H o g l e - I r e l a n d , I n c . , I r v i n e " J o n e s & S t o k e s , S a n D i e g o " M B I M e d i a , D i a m o n d B a r " M o o r e l a c o f a n o G o l t s m a n , I n c . ( M I G ) , P a s a d e n a " O ' R e i l l y P u b l i c R e l a t i o n s , R i v e r s i d e " P a c i f i c M u n i c i p a l C o n s u l t a n t s , S a n D i e g o " T M G S t r a t e g i c C o m m u n i c a t i o n s , C o r o n a A l l n i n e f i r m s p r o v i d e d e x c e l l e n t p r o p o s a l s t o p r o v i d e p u b l i c o u t r e a c h a c t i v i t i e s w h i c h w e r e e v a l u a t e d b y a f o u r - p e r s o n c o m m i t t e e c o m p r i s e d o f t h r e e r e p r e s e n t a t i v e s o f R C T C a n d a n o u t s i d e s t a f f r e p r e s e n t a t i v e f o r m t h e O r a n g e C o u n t y T r a n s p o r t a t i o n A u t h o r i t y . T h e C o m m i t t e e s h o r t - l i s t e d f o u r f i r m s f o r a n i n t e r v i e w t o d e t e r m i n e a c o n t r a c t a w a r d . T h e f o u r s h o r t - l i s t e d f i r m s w e r e : " C o n s e n s u s P l a n n i n g G r o u p " J o n e s & S t o k e s " M I G " O ' R e i l l y P u b l i c R e l a t i o n s O n c e a g a i n a l l o f t h e f i r m s p e r f o r m e d a d m i r a b l y a n d w e r e w e l l - r e p r e s e n t e d a n d p r e p a r e d f o r t h e i r i n t e r v i e w . S t a f f w o u l d b e q u i t e c o m f o r t a b l e i n w o r k i n g w i t h a n y o f t h e f i r m s t o a d v a n c e t h e p r o j e c t . F a c i n g s u c h a t o u g h d e c i s i o n a n d h a v i n g t h e a d v a n t a g e o f m u l t i p l e q u a l i f i e d f i r m s , t h e e v a l u a t i o n c o m m i t t e e a n d C o m m i s s i o n s t a f f r e c o m m e n d t h a t t h e w o r k b e s p l i t b e t w e e n O ' R e i l l y P u b l i c R e l a t i o n s a n d M o o r e l a c o f a n o G o l t s m a n , I n c . O ' R e i l l y P u b l i c R e l a t i o n s h a s a n e x t e n s i v e a n d s u c c e s s f u l h i s t o r y o f p u b l i c r e l a t i o n s w o r k w i t h i n R i v e r s i d e C o u n t y a n d i n t h e a r e a o f t r a n s p o r t a t i o n . T h e f i r m p l a y e d a n i m p o r t a n t r o l e d u r i n g t h e R i v e r s i d e C o u n t y I n t e g r a t e d P l a n ( R C I P ) p r o c e s s a n d c u r r e n t l y p r o v i d e s p u b l i c r e l a t i o n s w o r k a s p a r t o f t h e M i d - C o u n t y P a r k w a y a s a s u b - c o n s u l t a n t . T h e f i r m w i l l p r o v i d e n e e d e d s u p p o r t o n t h i s p r o j e c t w i t h l o c a l , s t a t e , a n d f e d e r a l g o v e r n m e n t a g e n c i e s , t h e n e w s m e d i a a n d t h e b u s i n e s s c o m m u n i t y . M o o r e l a c o f a n o G o l t s m a n , c o m m o n l y r e f e r r e d t o a s M I G , i s a l s o n o s t r a n g e r t o R C T C a n d w a s t h e p r i m a r y o u t r e a c h c o n s u l t a n t o n t h e M a j o r I n v e s t m e n t S t u d y f o r R C T C . T h e y h a v e a l s o w o r k e d o n p r o j e c t s s u c h a s t h e M i d - C o u n t y P a r k w a y a n d w e r e a p r i m a r y c o n s u l t a n t f o r t h e c i t y o f R i v e r s i d e d u r i n g t h e c i t y ' s g e n e r a l p l a n u p d a t e . T h e f i r m h a s e x t e n s i v e e x p e r i e n c e i n w o r k i n g o n p u b l i c t r a n s i t p r o j e c t s . T h e i r e x p e r t i s e w i l l b e h e l p f u l i n w o r k i n g w i t h n e i g h b o r h o o d s o n s t a t i o n d e s i g n a n d A g e n d a I t e m 7 1 6 7 " a d d r e s s i n g l o c a l c o n c e r n s . A k e y s t a f f m e m b e r a l s o s p e a k s f l u e n t S p a n i s h a n d h a s e x t e n s i v e e x p e r i e n c e w o r k i n g w i t h L a t i n o c o m m u n i t i e s . T h e o v e r a l l p u b l i c o u t r e a c h e f f o r t w i l l b e d i r e c t e d b y t h e C o m m i s s i o n ' s P u b l i c A f f a i r s D i r e c t o r J o h n S t a n d i f o r d i n c l o s e c o o p e r a t i o n w i t h S t e p h a n i e W i g g i n s , R C T C R e g i o n a l P r o g r a m s D i r e c t o r . O n e o f t h e f i r s t o r d e r s o f b u s i n e s s w i l l b e t o d e v e l o p a c o m p r e h e n s i v e p u b l i c o u t r e a c h p r o g r a m f o r t h e r e s t o f t h i s y e a r a n d 2 0 0 7 . L a t e r t h i s y e a r a n d e a r l y n e x t y e a r , t h e e n v i r o n m e n t a l c l e a r a n c e p r o c e s s s h o u l d b e c o m p l e t e d l e a d i n g t o p r e l i m i n a r y e n g i n e e r i n g a n d d e s i g n w o r k . S t a f f w i l l r e t u r n t o t h e C o m m i s s i o n l a t e r t h i s s p r i n g f r o m C o m m i s s i o n i n p u t a n d a p p r o v a l o n o u t r e a c h e f f o r t s . F i n a n c i a l I n f o r m a t i o n I n F i s c a l Y e a r B u d g e t : Y e s Y e a r : F Y 2 0 0 5 / 0 6 A m o u n t : $ 8 0 , 0 0 0 S o u r c e o f F u n d s : S T A a n d M e a s u r e A B u d g e t A d j u s t m e n t : N o G L A N o . : 2 2 1 - 3 3 - 6 5 5 2 0 P 3 8 0 0 F i s c a l P r o c e d u r e s A p p r o v e d : 9 ��1 , 2 , 0 7 D a t e : 2 / 2 3 / 0 6 A g e n d a I t e m 7 1 6 8 AGENDA ITEM 7J RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 8, 2006 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee John Standiford, Public Affairs Director THROUGH: Eric Haley, Executive Director SUBJECT: State and Federal Legislative Update BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1) Approve the following bill positions: AB 2025 (Niello, R-Fair Oaks) — SUPPORT AB 2028 (Huff, R-Diamond Bar) — SUPPORT; and 2) Receive and file the update as an information item. BACKGROUND INFORMATION: Federal Update — Washington Visits The months of February and March tend to be quite busy in Washington with the release of the federal budget and the subsequent appropriations request process. For that reason, RCTC Commissioners recently made visits to Washington. Chair Marion Ashley, Second Vice Chair Jeff Stone, Executive Director Eric Haley and Anne Mayer, Programming and Administration Director visited Washington on the week of February 13 and held a number of productive meetings with every member of the Riverside County Congressional Delegation, Senator Feinstein and the staff of Senator Boxer. The trip took place during the same time that Riverside's Monday Morning Group and . the city of Lake Elsinore (with Commissioner Bob Magee) were also making Capitol visits. Due to ongoing budget constraints and ,the ongoing lobbying scandal that has enveloped Washington, the issue of Congressional earmarking of projects has come under close scrutiny. Unlike- in past years, there will be less money available to individual members_for local projects. Projects that are a high priority, ready for construction and of regional importance will be favored. One subject area with significant needs and that has widespread support is investment in goods movement -related infrastructure such as railroad grade Agenda Item 7J 69 separations. Last year, Congress approved funding for the Alameda Corridor East and for specific grade crossing projects in Riverside and Banning. Commission staff is working with Congressional offices to obtain additional funding for goods movement projects and will also provide support to local jurisdictions seeking funding for local projects such as the I-15/Railroad Canyon Interchange in Lake Elsinore and the I-15/Cajalco Interchange in Corona. Another rail project that is continuing to advance through the federal process is the Perris Valley Line extension of Metrolink in Riverside County. The issue of goods movement was the main topic of conversation during a Washington trip organized by the Southern California Association of Governments (SCAG) during the week of February 6. The SCAG contingent included RCTC representation by Commissioner Ron Roberts. Commissioner Roberts was joined by SCAG President Toni Young of Port Hueneme and additional elected representatives from Los Angeles, Orange, Ventura and Imperial counties. Meetings were held with the Chairmen and staff of both the House Transportation and Infrastructure Committee and the Senate Environment and Public Works Committee as well as with Congressman Jerry Lewis and representatives from the United States Department of Transportation and the ports industry. One message heard in the SCAG meetings was that now might be the time to start talking about the next major federal transportation bill. SAFETEA-LU was passed during the latter half of 2005 but it actually expires in 2009. These multi -year authorization bills take years to take shape, and the message regarding goods movement infrastructure is gaining traction. Should the state make a major investment on goods movement as part of a bond measure, it will also send a clear message to Washington regarding California's commitment to the issue. Another message that was sounded repeatedly during the SCAG trip is there will need to be an increase in federal revenue for transportation. This wasn't seriously considered in the deliberations for SAFETEA-LU but will need to be in 2009 because the federal trust fund is bound to run out of money about that time. State Update: Infrastructure Bond — March? November? March 10 is considered the practical deadline for the Legislature and Governor Schwarzenegger to reach agreement on a bond proposal to appear in time for the June 2006 ballot. At the time of the writing of this staff report, it's not clear whether that deadline will be met which could push the issue back to the November ballot. Agenda Item 7J 70 s " " A s p a r t o f t h e L e g i s l a t i v e p r o c e s s , a n u m b e r o f h e a r i n g s h a v e b e e n s c h e d u l e d t o c o n s i d e r t h e d e t a i l s o f t h e G o v e r n o r ' s p r o p o s a l a s w e l l a s o t h e r " i n f r a s t r u c t u r e p r o p o s a l s i n t r o d u c e d b y S e n a t e P r e s i d e n t P r o T e m p o r e D o n P e r a t a a n d A s s e m b l y S p e a k e r F a b i a n N u n e z . R C T C h a s b e e n w e l l - r e p r e s e n t e d a t t h e s e h e a r i n g s b y i t s S a c r a m e n t o l o b b y i s t M a r k W a t t s a n d i n t w o c a s e s , R C T C r e p r e s e n t a t i v e s h a v e a c t i v e l y p a r t i c i p a t e d b y p r o v i d i n g t e s t i m o n y . O n e s u c h e x a m p l e o c c u r r e d o n F e b r u a r y 1 5 w h e n V i c e C h a i r T e r r y H e n d e r s o n a p p e a r e d b e f o r e a h e a r i n g o f t h e S e n a t e T r a n s p o r t a t i o n a n d H o u s i n g C o m m i t t e e . T h e h e a r i n g w a s h e l d a t C h u l a V i s t a C i t y H a l l a n d f o c u s e d o n t h e i s s u e o f i n f r a s t r u c t u r e n e e d s i n t h e s t a t e ' s b o r d e r a r e a w i t h M e x i c o . C o m m i s s i o n e r H e n d e r s o n p r o v i d e d i n f o r m a t i o n o n g o o d s m o v e m e n t i s s u e s i n t h e C o a c h e l l a V a l l e y w i t h s p e c i a l e m p h a s i s o n i m p a c t s t o S t a t e R o u t e 8 6 S a n d I n t e r s t a t e 1 0 t h a t a r e a f f e c t e d b y t r u c k s t h a t c r o s s t h e b o r d e r a n d t h a t a l s o t r a v e l e a s t f r o m t h e P o r t s o f L o n g B e a c h a n d L o s A n g e l e s . C V A G E x e c u t i v e D i r e c t o r J o h n W o h l m u t h a l s o t e s t i f i e d a n d p r o v i d e d d e t a i l s o n g r o w t h i n t h e e a s t e r n p o r t i o n o f t h e C o a c h e l l a V a l l e y a n d t h e n e e d f o r a d d i t i o n a l t r u c k c a p a c i t y . E x e c u t i v e D i r e c t o r E r i c H a l e y a l s o t e s t i f i e d a t a n o t h e r h e a r i n g o f t h e s a m e c o m m i t t e e t h a t w a s h e l d i n S a c r a m e n t o o n F e b r u a r y 7 . " T h e f o c u s o f : t h e S a c r a m e n t o h e a r i n g w a s o n h o w p r o j e c t s s h o u l d b e s e l e c t e d f o r s t a t e f u n d i n g . T h e k e y p o l i c y i s s u e t h a t h a s e m e r g e d t h a t s e p a r a t e s t h e A d m i n i s t r a t i o n a n d t h e l e g i s l a t i v e p r o p o s a l s i s h o w t o s e l e c t p r o j e c t s . T h e G o v e r n o r ' s S t r a t e g i c G r o w t h P l a n r e l i e s o n g u i d e l i n e s a n d c r i t e r i a t o b e d e v e l o p e d o v e r t h e n e x t s e v e r a l m o n t h s a n d w h i c h a r e b a s e d o n t h e p r i n c i p l e s o f t h e G o C a l i f o r n i a t e m p l a t e o f m a k i n g s m a r t , t a r g e t e d i n v e s t m e n t s , w h i t e t h e l e g i s l a t i v e a u t h o r s t e n d t o r e l y o n t h e e x i s t i n g a l l o c a t i o n a p p r o a c h e s t h e t r a n s p o r t a t i o n c o m m u n i t y i s c o m f o r t a b l e w i t h . T h e r e i s a l o t o f l e g i s l a t i v e s t a f f w o r k u n d e r w a y a t t h e p r e s e n t f o c u s i n g o n d e v e l o p i n g a l l o c a t i o n a p p r o a c h e s f o r t h e g o o d s m o v e m e n t a n d t h e C o r r i d o r I m p r o v e m e n t / F o c u s R o u t e c a t e g o r i e s . I t w o u l d a p p e a r t h a t , f o r b o t h o f t h e G o v e r n o r ' s n e w m a j o r e x p e n d i t u r e c a t e g o r i e s , t h e g o a l o f t h e s t a f f i s t o e l e v a t e t h e s t a n d i n g o f r e g i o n a l a n d c o u n t y a g e n c i e s t o a l e v e l o n a p a r w i t h t h e s t a t e i n m a k i n g a l l o c a t i o n r e q u e s t s a n d r e c o m m e n d a t i o n s , w i t h t h e l i k e l y r o l e f o r t h e u l t i m a t e d e t e r m i n a t i o n t o b e a t t h e C a l i f o r n i a T r a n s p o r t a t i o n C o m m i s s i o n . S e n a t o r B o b D u t t o n o f R a n c h o C u c a m o n g a i s t h e S e n a t e s p o n s o r o f t h e G o v e r n o r ' s p r o p o s a l a n d h a s a c t i v e l y s o u g h t o u t l o c a l i n p u t o n t h e p a r t i c u l a r s o f t h e l e g i s l a t i o n . T h e S e n a t o r h a s h a d r e g u l a r m e e t i n g s o f t h e l o c a l b u s i n e s s a n d t r a n s p o r t a t i o n c o m m u n i t y w h i c h h a s i n c l u d e d p a r t i c i p a t i o n f r o m R C T C s t a f f . T h e S e n a t o r r e p r e s e n t s a s i g n i f i c a n t p a r t o f R i v e r s i d e C o u n t y a n d h a s b e e n s u c c e s s f u l i n c o m m u n i c a t i n g l o c a l t r a n s p o r t a t i o n n e e d s t o m a n y o t h e r l e g i s l a t o r s . S t a f f w i l l k e e p t h e C o m m i s s i o n e r s a p p r i s e d o f o n g o i n g d e v e l o p m e n t s r e g a r d i n g t h i s l e g i s l a t i o n . A g e n d a I t e m 7 J 7 1 Assembly Republicans have also added a number of bills to the infrastructure deliberation process with some opposed to a major bond effort. Two bills of interest to RCTC are AB 2025 authored by Roger Niello and AB 2028 by Robert Huff. AB 2025 would broaden the state's authority to use design -build contracting and is similar to other bills that RCTC has already supported. AB 2028 is likely to be amended but would enact into law that it would be the state's intention to repay previously -diverted Proposition 42 dollars by FY 2007-08. The current budget proposed by the Governor would repay $920 million of previously diverted Proposition 42 funds and it is unclear how it will fare during the legislative process. Proposition 42 Fix An important component of the Governor's Strategic Growth Plan is reform. This includes reform of the state's contracting procedures to allow for Design Build contracting, greater flexibility for private sector investment and greater protection for Proposition 42. The Governor's call to fix Proposition 42 is embodied in ACA 4 (Plescia) which eliminates the suspension clause presently in the constitution. RCTC has already taken a SUPPORT position on this bill. There is growing support in the legislature to support this approach, although there are rumors floating out of the Assembly that the leadership there would like to see an approach that would combine a Proposition 42 "fix" with elimination of the ,suspension clause in Proposition 98. In recognition of the long-standing goal that addressing Proposition 42 is critical to stabilizing transportation funding, the California Alliance for Jobs, Transportation California and the League of California Cities are sponsoring an initiative that eliminates the suspension clause and calls for repayment of outstanding General Fund loans over a 10-year period. This initiative is in the signature gathering phase and is on target to submit the necessary signatures in a timely manner to qualify for the November 2006 ballot. Attachment: Legislative Matrix Agenda Item 7J 72 • RIVERSIDE COUNTY TRANSPORTATION COMMISSION - POSITIONS ON STATE AND FEDERAL LEGISLATION — UPDATED February 17, 2006 HOV lanes on as mixed -flow approvals on a state 24-hour lanes of the Bill is dead. n SUPPORT CONCEPT &9 IN yry� �y a L 4/13/05 AB 426 (Bogh) This bill would require Ca!trans to convert all highways in Riverside County that currently operate basis into part-time HOV lanes that operate except during peak periods, subject to any required federal government. AB 453 This bill would extend the time limit that is currently in place under 9/22/05 — Signed by SUPPORT 4/13/05 (Benoit) state law for state funding of railroad grade crossings. Governor. AB 850 This bill would authorize the Department of Transportation to enter Bill is dead. SUPPORT WITH 4/13/05 (Canciamilla) into comprehensive development franchise agreements with public and private entities for specified types of transportation projects subject to certain requirements and conditions. The bill would require a franchise agreement to allow the department to acquire by condemnation or negotiation the financial value of a competing toll facility if it opens a competitive state facility in the same corridor. AMENDMENTS AB 1266 (Niello) This bill would generally authorize the Department of Transportation to award contracts for projects using the design -sequencing contract method, if certain requirements are met. Bill is dead. SUPPORT 4/13/05 AB 1699 This bill would state the intent of the Legislature to authorize certain 7/5/05 Hearing SUPPORT IN 5/11/05 (Frommer) transportation authorities to use a design -build process for bidding on one highway construction project within the jurisdiction of the applicable transportation authority. postponed by Senate Trans & Housing Committee. CONCEPT AB 1714 This bill would require the construction of the more affordable skyway Bill is dead. SUPPORT 5/11/05 (Plescia) structure and would limit the use of additional toll revenue to seismic retrofit projects such as the Bay Bridge repair. The state's responsibility of $300 million will be for the demolition of the old bridge. The rest of the money needed to complete the new bridge would have to be raised from a combination of increased tolls, local bond sales and existing state and federal highway appropriations. AB 1714-reflects the Governor's position on the Bridge issue. AB 2025 This bill would authorize the department to contract using the design- 2/1 5/06 From Printer. STAFF (Niello) build process, as defined, for the design and construction of May be heard in RECOMMENDS: transportation projects. Committee 3/17/06. SUPPORT AB 2028 This bill would state the intent of the Legislature to provide an 2/1 5/06 From Printer. STAFF (Huff) appropriation in the Budget Act of 2007 or in related legislation during May be heard in RECOMMENDS: the 2007-08 fiscal year to repay fully all funds which would have been transferred to the Transportation Investment Fund in previous fiscal years. Committee 3/17/06. SUPPORT ACA 4 (Plescia) This measure would delete the provision authorizing the Governor and the Legislature to suspend the transfer of revenues from the General Fund to the Transportation Investment Fund for a fiscal year during a fiscal emergency, specific to Proposition 42. Approved by Assembly Transportation Committee on 1 /10/06 and referred to Appropriations. SUPPORT 1/12/05 ACA 9 (Bogh) This measure would change the vote requirement to 4/5 of the membership of each house of the Legislature in order to enact a statute suspending in whole or in part the transfer of motor vehicle tax revenue from the General Fund to the Transportation Investment Fund, specific to Proposition 42. Approved by Assembly Transportation Committee on 1 /10/06 and referred to Appropriations. SUPPORT 3/18/05 ACA 11 (Oropeza) This measure would delete the provisions authorizing the transfer of revenues from the General Fund to the Transportation Investment Fund to be suspended. The measure would authorize the Legislature to loan funds in the Transportation Investment Fund to the General Fund or any other state fund or account, or to local agencies, under conditions that are similar to conditions applicable to loans of revenues under Article XIX of the California Constitution, and would require interest to be paid on a loan that is not repaid within the same fiscal year as it was made, specific to Proposition 42. Approved by Assembly Transportation Committee on 1 /10/06 and referred to Appropriations. SUPPORT 3/18/05 ACA 22 (LaMalfa) Proposed Constitutional Amendment would severely restrict the use of eminent domain. 1 /31 /06 Re -referred to Committee on Housing and Community Development. SEEK AMENDMENTS 9/14/05 ACA X 1 4 (Keene) This measure would, on and after July 1, 2006, prohibit the transfer of funds from a special fund to the General Fund as a loan, with specified exceptions. Any funds that were transferred prior to that date from a special fund for the purpose of making a loan to the General Fund and that have not been repaid would be required to be repaid over the next 15 years. In exchange, Proposition 42 would be permanently protected in the future. Amended. Re -referred to Committee on Budget Process 4/12/05. WATCH 4/13/05 SB 371 (Torlakson) This bill would allow state, regional, and local transportation authorities to try design -build contracting under specific criteria and for these projects to be audited to determine the success or failure of use of design -build by these transportation entities. 1/31/06 In Assembly. Read first time. Held. SUPPORT IN CONCEPT 5/11/05 SB 427 (Hollingsworth) Originally, this bill would exempt from CEQA requirements the construction of any overpass, onramp, or offramp that is built on an existing .State Department of Transportation (CALTRANS) right -of -Resources. way. It has now been amended to make changes to the environmental scoping process and additional amendments are likely. 2/16/06 To Committee on Natural SUPPORT 4/13/05 74 • " a s a B : - r e , a , , . ' �� , M , , ��. . �� " ' e " 6 . m e . e F , ' S B 5 6 1 ( R u n n e r & T o r l a k s o n ) T h i s b i l l w o u l d p r o v i d e a d d i t i o n a l t r a n s p o r t a t i o n o p t i o n s i n a l l o w i n g f o r t o l l f a c i l i t i e s , b u t d o e s s o i n a m a n n e r t h a t e l i m i n a t e s t h e i n h e r e n t u n f a i r n e s s t o t h e p u b l i c f r o m t h e i m p o s i t i o n o f n o n - c o m p e t e c l a u s e s . 1 / 3 1 / 0 6 R e t u r n e d t o S e c r e t a r y o f S e n a t e . S U P P O R T 7 / 1 3 / 0 5 S B 7 0 5 ( R u n n e r ) T h i s b i l l w o u l d a u t h o r i z e t h e D e p a r t m e n t o f T r a n s p o r t a t i o n t o c o n t r a c t u s i n g t h e d e s i g n - b u i l d p r o c e s s f o r t h e d e s i g n a n d c o n s t r u c t i o n o f t r a n s p o r t a t i o n p r o j e c t s . T h e b i l l w o u l d r e q u i r e t h e d i r e c t o r o f t h e d e p a r t m e n t t o e s t a b l i s h a p r e q u a l i f i c a t i o n a n d s e l e c t i o n p r o c e s s . 2 / 1 / 0 6 R e t u r n e d t o S e c r e t a r y o f S e n a t e . S U P P O R T 4 / 1 3 / 0 5 S B 1 0 2 4 T o r l a k s o n & P e r s t e ) T h i s b i l l w o u l d e n a c t t h e S a f e F a c i l i t i e s , I m p r o v e d M o b i l i t y , a n d C l e a n A i r B o n d A c t o f 2 0 0 5 t o a u t h o r i z e $ 7 , 6 8 8 , 0 0 0 , 0 0 0 i n s t a t e g e n e r a l o b l i g a t i o n b o n d s f o r s p e c i f i e d p u r p o s e s , i n c l u d i n g t h e s e i s m i c r e t r o f i t o f t o l l b r i d g e s , l e v e e i m p r o v e m e n t s , r e s t o r a t i o n o f P r o p o s i t i o n 4 2 t r a n s p o r t a t i o n f u n d s , p o r t i n f r a s t r u c t u r e a n d s e c u r i t y p r o j e c t s , t r a d e c o r r i d o r s o f s i g n i f i c a n c e , e m i s s i o n s r e d u c t i o n p r o j e c t s , e n v i r o n m e n t a l e n h a n c e m e n t p r o j e c t s , a n d t r a n s p o r t a t i o n n e e d s i n c i t i e s , c o u n t i e s , a n d c i t i e s a n d c o u n t i e s t h a t m e e t c e r t a i n r e q u i r e m e n t s r e l a t i v e t o p r o v i s i o n s o f h o u s i n g n e e d s i n t h e i r c o m m u n i t i e s , s u b j e c t t o v o t e r a p p r o v a l . 1 / 3 1 / 0 6 I n A s s e m b l y . R e a d f i r s t t i m e . H e l d . S U P P O R T W I T H A M E N D M E N T S 1 2 / 1 4 / 0 5 S C A 1 5 ( M c C l i n t o c k ) P r o p o s e d C o n s t i t u t i o n a l A m e n d m e n t w o u l d s e v e r e l y r e s t r i c t t h e u s e o f e m i n e n t d o m a i n . 8 / 3 0 / 0 5 S e t f i r s t h e a r i n g . F a i l e d p a s s a g e i n C o m m i t t e e 3 - 2 . R e c o n s i d e r a t i o n g r a n t e d . S E E K A M E N D M E N T S 9 / 1 4 / 0 5 F E D E R A L L E G I S L A T I O N H . R . 3 ( Y o u n g ) T h e U . S . H o u s e o f R e p r e s e n t a t i v e s a p p r o v e d H . R . 3 a u t h o r e d b y A l a s k a R e p u b l i c a n D o n Y o u n g w h i c h p r o v i d e s a s i x - y e a r r e n e w a l o f t h e F e d e r a l T r a n s p o r t a t i o n A c t . K n o w n a s S A F E T E A - L U ( T r a n s p o r t a t i o n E q u i t y A c t : A L e g a c y f o r U s e r s ) , H . R . 3 a u t h o r i z e s t h e e x p e n d i t u r e o f $ 2 8 4 b i l l i o n o v e r s i x y e a r s o n f e d e r a l t r a n s p o r t a t i o n p r o g r a m s a n d a l s o s e t s a n u m b e r o f f e d e r a l t r a n s p o r t a t i o n p o l i c i e s . S i g n e d b y t h e P r e s i d e n t o n A u g . 1 0 S U P P O R T 4 / 1 3 / 0 5 7 5 AGENDA ITEM 8 " " R I V E R S I D E C O U N T Y T R A N S P O R T A T I O N C O M M I S S I O N D A T E : M a r c h 8 , 2 0 0 6 T O : R i v e r s i d e C o u n t y T r a n s p o r t a t i o n C o m m i s s i o n F R O M : B u d g e t a n d I m p l e m e n t a t i o n C o m m i t t e e M i c h e l e C i s n e r o s , A c c o u n t i n g M a n a g e r T H R O U G H : E r i c H a l e y , E x e c u t i v e D i r e c t o r S U B J E C T : P r o p o s e d P o l i c y G o a l s a n d O b j e c t i v e s f o r F i s c a l Y e a r 2 0 0 6 / 0 7 B u d g e t B U D G E T A N D I M P L E M E N T A T I O N C O M M I T T E E A N D S T A F F R E C O M M E N D A T I O N : T h i s i t e m i s f o r t h e C o m m i s s i o n t o a p p r o v e t h e p r o p o s e d C o m m i s s i o n P o l i c y G o a l s a n d O b j e c t i v e s f o r t h e F i s c a l Y e a r 2 0 0 6 / 0 7 B u d g e t . B A C K G R O U N D I N F O R M A T I O N : T h e i n i t i a l s t e p i n t h e b u d g e t p r o c e s s i s t o d e v e l o p p o l i c y g o a l s a n d o b j e c t i v e s f o r t h e f i s c a l y e a r . T h e s e g o a l s a n d o b j e c t i v e s a r e t o b e c o n s i s t e n t w i t h t h e C o m m i s s i o n ' s o v e r a l l s t r a t e g i c d i r e c t i o n . T h i s y e a r ' s g o a l s a n d o b j e c t i v e s r e f l e c t t h e c o n t i n u a t i o n o f t h e t r a n s i t i o n p l a n n i n g e f f o r t s r e l a t e d t o t h e c u r r e n t a n d n e w M e a s u r e A a n d t h e d e l i v e r y o f p r o m i s e s m a d e t o t h e c i t i z e n s o f t h e C o u n t y o f R i v e r s i d e . U s i n g t h e C o m m i s s i o n ' s g u i d i n g p r i n c i p l e s , s t a f f h a s u p d a t e d t h e a t t a c h e d G o a l s a n d O b j e c t i v e s f o r t h e F i s c a l Y e a r 2 0 0 6 / 0 7 B u d g e t . A t t a c h m e n t : P r o p o s e d G o a l s a n d O b j e c t i v e s f o r F Y 2 0 0 6 / 0 7 B u d g e t A g e n d a I t e m 8 7 6 " C o m m i s s i o n P o l i c y G o a l s a n d O b j e c t i v e s T h e f o l l o w i n g m a t e r i a l o u t l i n e s t h e C o m m i s s i o n ' s a d o p t e d p o l i c y g o a l s , o b j e c t i v e s a n d f i n a n c i a l p o l i c i e s t h a t s e r v e a s t h e f r a m e w o r k f o r t h e w o r k p l a n p r e s e n t e d i n t h e F Y 2 0 0 6 / 0 7 B u d g e t . M o b i l i t y I n i t i a t i v e s T h e C o m m i s s i o n , i n c o o p e r a t i o n w i t h l o c a l , s t a t e , a n d f e d e r a l a g e n c i e s , w i l l s t r i v e t o c r e a t e a t r a n s p o r t a t i o n s y s t e m t h a t p r o m o t e s e f f i c i e n t m o b i l i t y b o t h w i t h i n t h e C o u n t y a n d r e g i o n a l l y . T h i s e f f o r t w i l l i n c r e a s e i n i t s i n t e n s i t y i n t h e u p c o m i n g f i s c a l y e a r w i t h t h e c o m p l e t i o n i n e a r l y 2 0 0 6 o f a 1 0 - y e a r d e l i v e r y p l a n p r o g r a m a n d u p d a t e d M e a s u r e A r e v e n u e p r o j e c t i o n s . W i t h t h e n e w f e d e r a l t r a n s p o r t a t i o n a c t , S a f e , A c c o u n t a b l e , F l e x i b l e , E f f i c i e n t T r a n s p o r t a t i o n E q u i t y A c t : A L e g a c y f o r U s e r s ( S A F E T E A - L U ) , i n p l a c e a n d t h e s t a t e f u n d i n g p i c t u r e i m p r o v i n g w i t h t h e a d d i t i o n o f P r o p o s i t i o n 4 2 f u n d i n g , t h e C o m m i s s i o n f a c e s a y e a r o f s e l e c t i v e s t r a t e g i c o p p o r t u n i t i e s a s w e l l a s c o n t i n u i n g c h a l l e n g e s . " C o m p l e t e t h e p r i o r i t i z a t i o n o f M e a s u r e A h i g h w a y p r o j e c t s c o v e r i n g t h e t w o e x p e n d i t u r e p l a n s f r o m 2 0 0 6 t h r o u g h 2 0 1 9 . " M a x i m i z e t h e u s e o f i n n o v a t i v e f i n a n c i n g , i n c l u d i n g p u b l i c / p r i v a t e p a r t n e r s h i p s , t o s u p p o r t t h e 2 0 0 9 M e a s u r e A 1 0 - y e a r d e l i v e r y p l a n . " C o n t i n u e t o w o r k w i t h s t a t e a n d f e d e r a l a g e n c i e s t o p r o g r a m a n d c o n s t r u c t p r o j e c t s i n t h e S T I P , t h e M e a s u r e A p r o g r a m , a n d o t h e r h i g h p r i o r i t y p r o j e c t s . " M a x i m i z e t h e e f f e c t i v e a p p l i c a t i o n a n d u s e o f T U M F f u n d s t o d e l i v e r e l i g i b l e C o m m i s s i o n p r i o r i t y p r o j e c t s . " C o n t i n u e w o r k o n t h e p r o j e c t l e v e l e n v i r o n m e n t a l d o c u m e n t f o r t h e M i d C o u n t y P a r k w a y , o n e o f t h e C E T A P c o r r i d o r s . " I n i t i a t e t h e n e x t s t e p s o n t h e R i v e r s i d e C o u n t y - O r a n g e C o u n t y C E T A P c o r r i d o r a s o u t l i n e d i n t h e M I S ' s L o c a l l y P r e f e r r e d S t r a t e g y . " A c t i v e l y p a r t i c i p a t e i n t h e S R - 9 1 A d v i s o r y C o m m i t t e e t o f a c i l i t a t e n e a r a n d l o n g - t e r m i m p r o v e m e n t s t o S R - 9 1 ; e n h a n c e i n t e r c o u n t y p u b l i c t r a n s i t o p t i o n s a n d f o s t e r t h e d e v e l o p m e n t o f a n e w c o r r i d o r b e t w e e n t h e t w o c o u n t i e s . " W o r k c l o s e l y w i t h l o c a l j u r i s d i c t i o n s t o i m p l e m e n t t h e F Y 2 0 0 6 - 2 0 0 9 T U M F R e g i o n a l A r t e r i a l P r o g r a m a n d f a c i l i t a t e t h e d e l i v e r y o f a r t e r i a l i m p r o v e m e n t s i n W e s t e r n C o u n t y . " A d v o c a t e s t r e a m l i n i n g e f f o r t s a t t h e s t a t e a n d f e d e r a l l e v e l s t o f a c i l i t a t e t i m e l y p r o j e c t r e v i e w s a n d a p p r o v a l s . " C o o r d i n a t e a n d p r o v i d e p u b l i c a c c e s s t o c o m m u t e r i n f o r m a t i o n t o f o s t e r t h e u s e o f a l t e r n a t e m o d e s o f t r a n s p o r t a t i o n s u c h a s r i d e m a t c h i n g f o r c a r / v a n p o o l i n g , t r a n s i t t h r o u g h t h e p r o v i s i o n o f a r e g i o n a l t r i p p l a n n e r , a n d r e a l t i m e t r a f f i c i n f o r m a t i o n f o r c o n g e s t i o n a v o i d a n c e . " P l a y a n a c t i v e r o l e i n s h a p i n g s t a t e i n f r a s t r u c t u r e b o n d p r o p o s a l s t h a t w i l l l i k e l y b e p l a c e d o n t h e N o v e m b e r 2 0 0 6 b a l l o t . 7 7 Goods Movement The Commission will work with federal, state, and local governments to facilitate the movement of goods and services to, within, and through the County, recognizing the vital role mobility plays in the economic health of the County, the state, and the nation. • Seek funding and implement the Commission's approved, high -priority railroad grade separation priority list to mitigate the impact of increased goods movement demands on the transportation system. • Promote the use of rail corridors (including the Perris Valley Line within funding constraints) as an alternative to trucks for the movement of freight within the County and the region. • Work with county transportation commissions, local jurisdictions, SCRRA (or Metrolink), the Southern California Association of Governments (SCAG), and the private railroad companies toward the implementation of a coordinated regional approach to increase rail and highway capacity for goods movement that includes environmental and community impact mitigation. Improved System Efficiency The Commission will select projects and allocate funds in a manner that will improve safety and reduce congested traffic corridors. • Advocate the development and use of advanced technologies for transportation applications that are affordable and practical. • Work with public and private interests to apply real time technology to disseminate commuter information that will support the use of alternate modes and improve efficiency of the regional transportation system. • Assure the effectiveness of transit planning through the annual SRTP process with a goal toward promoting program efficiency and effectiveness. • Provide innovative commuter rideshare programs to reduce single occupant vehicle trips and coordinate with other regional rideshare service providers to address intercounty commute trips. • Through the use of technology, make real time traffic information available to commuters for the purpose of trip planning and congestion avoidance. • Work with Caltrans and the California Highway Patrol (CHP) to continue providing a motorist aid system which includes a call box program and an FSP program including temporary services in freeway construction zones. • Continue development, in partnership with Caltrans and SANBAG, of the Inland Empire TMC. Environmental Stewardship The Commission will achieve its mobility goals while promoting environmental stewardship and protecting the area's natural resources and quality of life. 78 " C o n t i n u e w o r k i n g w i t h t h e R e g i o n a l C o n s e r v a t i o n A u t h o r i t y t o i m p l e m e n t t h e M S H C P a n d p r o v i d e f u n d i n g t o a s s i s t i n t h e a s s e m b l y o f t h e r e s e r v e s y s t e m . " W o r k w i t h S L A G , t h e S o u t h C o a s t A i r Q u a l i t y M a n a g e m e n t D i s t r i c t ( S C A Q M D ) , s u b - r e g i o n a l a g e n c i e s , a n d l o c a l j u r i s d i c t i o n s t o d e v e l o p a n d i m p l e m e n t a n R T P t h a t m e e t s r e g i o n a l a i r q u a l i t y g o a l s a n d c o n f o r m i t y g u i d e l i n e s . " S u p p o r t o u t r e a c h a n d e d u c a t i o n a l p r o g r a m s t h a t p r o m o t e t h e b e n e f i t s o f r i d e s h a r i n g a n d a v a i l a b i l i t y o f h e l p t h r o u g h w w w . C o m m u t e S m a r t . i n f o a n d 1 - 8 0 0 - C O M M U T E . " F a c i l i t a t e p r i v a t e / p u b l i c u s e o f c l e a n f u e l s t e c h n o l o g y . E c o n o m i c D e v e l o p m e n t T r a n s p o r t a t i o n d e c i s i o n s w i l l c o n s i d e r t h e e c o n o m i c b e n e f i t s d e r i v e d f r o m a n y i m p r o v e m e n t , a n d , w h e r e f e a s i b l e a n d p r a c t i c a l , w i l l p u r s u e t r a n s p o r t a t i o n a l t e r n a t i v e s t h a t e n h a n c e o r c o m p l e m e n t e c o n o m i c d e v e l o p m e n t . " S u p p o r t l o c a l a g e n c i e s i n t h e d e s i g n a n d c o n s t r u c t i o n o f i n t e r c h a n g e s t h a t a r e i n p r o x i m i t y t o r e g i o n a l e c o n o m i c c e n t e r s a n d d e v e l o p m e n t s . " S u p p o r t l o c a l p r o j e c t s , c o n s i s t e n t w i t h c o u n t y w i d e t r a n s p o r t a t i o n g o a l s , w h i c h e n h a n c e b u s i n e s s d e v e l o p m e n t , l o c a l e m p l o y m e n t , a n d a r e a t o u r i s m . " F o s t e r t h e d e v e l o p m e n t o f t r a n s p o r t a t i o n t e c h n o l o g y r e s e a r c h , e d u c a t i o n , a n d t r a i n i n g e f f o r t s o f p u b l i c i n s t i t u t i o n s w i t h i n t h e C o u n t y . I n t e r m o d a l i s m a n d A c c e s s i b i l i t y C o u n t y r e s i d e n t s w i l l b e s e r v e d , w h e r e e c o n o m i c a l l y f e a s i b l e , t h r o u g h t h e d e v e l o p m e n t o f t r a n s p o r t a t i o n a l t e r n a t i v e s t h a t c o n s i d e r t h e n e e d s o f a w i d e r a n g e o f c i t i z e n s . " W o r k w i t h t r a n s i t p r o v i d e r s a n d l o c a l s o c i a l s e r v i c e a g e n c i e s t o p r o v i d e s p e c i a l i z e d t r a n s i t s e r v i c e t o m e e t a b r o a d s p e c t r u m o f s o c i o - e c o n o m i c t r a n s i t n e e d s . " I n t e g r a t e c o m m u t e r a s s i s t a n c e p r o g r a m s a n d m a r k e t i n g w i t h t r a n s i t i n o r d e r t o f o s t e r t h e u s e o f a l t e r n a t i v e c o m m u t i n g m o d e s . " I m p l e m e n t t h e C o m m i s s i o n ' s c o m m u t e r r a i l S R T P a n d t h e S C R R A l o n g - r a n g e s t r a t e g i c p l a n f o r e x p a n s i o n o f t h e c o m m u t e r r a i l s y s t e m b e n e f i t i n g R i v e r s i d e C o u n t y c o n s t i t u e n t s w i t h a n e m p h a s i s o n t h e P e r r i s V a l l e y L i n e , a n e x t e n s i o n f r o m R i v e r s i d e t o P e r r i s v i a M o r e n o V a l l e y . " P a r t i c i p a t e i n t h e s t u d y o f h i g h - s p e e d r a i l o p t i o n s a n d s u p p o r t e f f o r t s f o r e v e n t u a l i m p l e m e n t a t i o n o f a s t a t e w i d e h i g h - s p e e d r a i l s y s t e m w i t h e m p h a s i s o n t h e p i l o t p r o j e c t b e i n g i n S o u t h e r n C a l i f o r n i a a n d i n c l u d i n g t h e i n t e g r a t i o n o f e x i s t i n g r a i l p a s s e n g e r s e r v i c e s . P u b l i c a n d A g e n c y C o m m u n i c a t i o n s T h e C o m m i s s i o n w i l l p r o v i d e t i m e l y , i n f o r m a t i v e , a n d a c c u r a t e i n f o r m a t i o n t o e n c o u r a g e i n f o r m e d p u b l i c a n d a g e n c y p a r t i c i p a t i o n i n t h e C o m m i s s i o n ' s d e c i s i o n - m a k i n g p r o c e s s e s . 7 9 Promote a close working relationship with news and civic entities to increase interest in and understanding of transportation and related issues. • Enhance the provision of public information through various forms of communication (e.g., website, television, Speakers Bureau, print media, radio, etc). • Maintain an ongoing effort of informing Riverside County's Congressional and State Legislative delegations regarding County transportation issues. 80 " F i n a n c i a l a n d A d m i n i s t r a t i o n P o l i c i e s O p e r a t i n g B u d g e t P o l i c i e s " T h e C o m m i s s i o n s h a l l b u d g e t n o m o r e t h a n o n e p e r c e n t ( 1 % ) o f M e a s u r e A s a l e s t a x r e v e n u e f o r a d m i n i s t r a t i v e s a l a r i e s a n d b e n e f i t s . " A d m i n i s t r a t i v e p r o g r a m d e l i v e r y c o s t s w i l l b e b u d g e t e d a t w h a t e v e r i s r e a s o n a b l e a n d n e c e s s a r y , b u t n o t t o e x c e e d f o u r p e r c e n t ( 4 % ) o f M e a s u r e A s a l e s t a x r e v e n u e s ( i n c l u s i v e o f t h e o n e - p e r c e n t s a l a r y l i m i t a t i o n ) . " A m o u n t s w i l l b e b u d g e t e d b y f i s c a l y e a r f o r m u l t i - y e a r p r o j e c t s b a s e d o n b e s t a v a i l a b l e e s t i m a t e s w i t h t h e u n d e r s t a n d i n g t h a t , t o t h e e x t e n t a c t u a l s v a r y f r o m t h o s e e s t i m a t e s a n d t h e p r o j e c t i s o n g o i n g , a d j u s t m e n t s w i l l b e m a d e o n a n o n g o i n g b a s i s . " T h e f i s c a l c a p i t a l b u d g e t s h o u l d b e c o n s i s t e n t w i t h t h e s t r a t e g i c p l a n a n d d e v i a t i o n s a p p r o p r i a t e l y n o t e d , e x p l a i n e d , a n d j u s t i f i e d . R e v e n u e P o l i c i e s " S a l e s t a x r e v e n u e p r o j e c t i o n s w i l l b e r e v i s e d s e m i - a n n u a l l y t o e n s u r e u s e o f c u r r e n t a n d r e l e v a n t d a t a . S t a f f m a y a d j u s t a n n u a l a m o u n t s t o r e f l e c t t h e m o s t c u r r e n t e c o n o m i c t r e n d s . " F e d e r a l a n d s t a t e m a t c h i n g f u n d s w i l l b e u s e d w h e r e p o s s i b l e a n d a v a i l a b l e t o s u p p l e m e n t t h e u s e o f l o c a l f u n d i n g s o u r c e s . " E x e r c i s e f i d u c i a r y r e s p o n s i b i l i t y r e g a r d i n g T U M F r e v e n u e s a n d a l l o c a t e r e v e n u e s p u r s u a n t t o C o m m i s s i o n d i r e c t i o n a n d t h e a p p r o v e d 2 0 0 9 M e a s u r e A . D e b t M a n a g e m e n t P o l i c i e s " T h e C o m m i s s i o n w i l l m a i n t a i n 2 . 0 x d e b t r a t i o c o v e r a g e o n a l l s e n i o r d e b t . " D e b t i s s u a n c e w i l l b e f o r m a j o r c a p i t a l p r o j e c t s i n c l u d i n g e n g i n e e r i n g , c o n s t r u c t i o n , a n d r i g h t o f w a y . O p e r a t i n g r e q u i r e m e n t s m u s t b e f r o m c u r r e n t o n g o i n g r e v e n u e s . " C o s t s o f i s s u a n c e i n c l u d i n g t h e s t a n d a r d u n d e r w r i t e r ' s d i s c o u n t w i l l n o t e x c e e d t w o p e r c e n t ( 2 % ) . " W h i l e i t i s t h e i n t e n t o f t h e C o m m i s s i o n t o e s t a b l i s h a c a s h d e b t r e s e r v e f o r l o n g t e r m b o n d i s s u a n c e , o b t a i n i n g s u r e t y b o n d s c a n b e o b t a i n e d w h e n b e n e f i c i a l t o t h e C o m m i s s i o n . " T h e c o m m e r c i a l p a p e r p r o g r a m w i l l p r o v i d e a d v a n c e f u n d i n g f o r p r o j e c t s i n c l u d e d i n t h e e x p e n d i t u r e p l a n o f t h e a p p r o v e d 2 0 0 9 M e a s u r e A . " T h e C o m m i s s i o n w i l l c o n s i d e r a c t i o n s t o l e s s e n t h e r e s t r i c t i o n o f t h e $ 5 0 0 m i l l i o n 2 0 0 9 M e a s u r e A b o n d i n g c a p , w h i c h c o u l d i n c l u d e t h e p o s s i b i l i t y o f a b a l l o t m e a s u r e i n 2 0 0 8 t o i n c r e a s e t h e c a p . 8 1 Auditing, Accounting, and Financial Reporting Policies • The Commission will issue a Comprehensive Annual Financial Report (CAFR) in accordance with the GASB Statement 34 new financial reporting model. • An audit is to be conducted annually on the Commission's accounting books and records. As long as the Commission has outstanding bonds, an independent accounting firm must conduct the audit. • The Commission is responsible for ensuring that audits of Measure A and TDA funding recipients are completed and reviewed for compliance and other matters in a timely manner. • An internal audit risk assessment program will be implemented to identify improvements in controls and procedures as well as best practices. Capital Planning and Programming Policies • Established priorities will be reviewed annually via a series of workshops and/or policy maker workshop. Reserve Policies • The Commission will maintain a cash reserve at least equal to five percent (5%) of annual revenues (exclusive of reimbursements and matching funds). • The Commission will establish and maintain a transit operator's reserve of ten percent (10%) for the Coachella Valley and Palo Verde Valley. Additionally, a ten percent (10%) reserve will be established and maintained for each of the Western County transit operators (public bus and commuter rail). Cash Management/Investment Policies • Where possible, the Commission will encourage receipt of funds by wire transfer to its accounts. • Balances in the bank operating account will be maintained at the amount necessary to meet monthly expenditures. • Idle funds will be invested per the Commission's established investment policy emphasizing in order of priority: 1) safety, 2) liquidity, and 3) yield. • Cash disbursements to local jurisdictions and vendors/consultants will be completed in an expeditious and timely manner. Human Resources Management Policies • Commission staffing levels will be consistent with the intent of its enabling legislation, which envisioned a small, but effective staff. • Consultants will be used to augment staff efforts as much as possible to support programs or work loads, which do not appear to be of a permanent nature. 82 " " I n f o r m a t i o n T e c h n o l o g y P o l i c i e s " S i g n i f i c a n t e f f o r t w i l l b e m a d e t o m a i n t a i n e f f i c i e n t a n d c o s t - e f f e c t i v e t e c h n o l o g y i n f r a s t r u c t u r e b y c o n t i n u o u s l y u p g r a d i n g n e t w o r k e q u i p m e n t a n d s o f t w a r e t o e n s u r e p e r f o r m a n c e , p r o d u c t i v i t y , a n d c o n n e c t i v i t y a m o n g s t a f f , o t h e r a g e n c i e s , a n d t h e p u b l i c . N e t w o r k s e c u r i t y w i l l c o n t i n u e t o b e a t o p p r i o r i t y t o m a i n t a i n t h e i n t e g r i t y o f t h e C o m m i s s i o n ' s n e t w o r k a n d i n f o r m a t i o n . 8 3 Goals gandjF Objectivesga • Sets Stage for Budget Discussion in May • Establishes Strategic Direction • Articulates Upcoming Goals • Incorporated in Approved Budget 1 Substantive Changes n+, "� S, �i +sa '���..iHx$da� "lei • Mobility Initiatives — Formerly classified as Mobility • Improved System Efficiency — Formerly classified as Congestion Relief and Safety Improvements with combination of elements of Technological Innovation • Environmental Stewardship — Formerly classified as Air Quality • Support the Measure A 10-year plan with use of innovative financing, including public/private partnerships • Help shape the state infrastructure bond proposals for the November 2006 ballot • Streamline efforts with state and federal agencies to deliver projects in the STIP and Measure A program • Deliver eligible TUMF priority projects through effective relationships with local jurisdictions 2 Mobility Initiatives continued �p +�¢� F;!,`iRw1�+8t�F. ��tlrz w"�a, { 1 �44h ._ E{ "s*?�� , 321 • Continue work on the Mid County Parkway and initiate the next steps in the Riverside County -Orange County corridor • Prioritize Measure A highway projects covering the 10-year delivery plan • Participate in the SR-91 Advisory Committee to develop and foster intercounty public transit and a new corridor between the two counties • Coordinate and provide public access to commuter information Improved System Efficiency .EE4 i • Through the use of technology, make real time traffic information available to commuters for the purpose of trip planning and congestion avoidance 3 Environmental Stewardship Ts 4•r;¢�r*duKM.,.:4._ !%>a.+..�'�8 r..:'s{ h.EY.r�,�'+'x"xe,*. • Work with the RCA to implement the MSHCP and provide funding to assist in the assembly of the reserve system Intermodalism & Accessibility • Integrate commuter assistance programs and marketing with transit in order to foster the use of alternative commuting modes 4 Financial and Administration;;: Policies 1��n wn n i41 i y tT Ig l�a�u �.' �uln�..i • Debt Management Policies — Consider increasing the $500 Measure A bonding cap million 2009 • Auditing, Accounting, and Financial Reporting — Implement an internal audit risk assessment program to improve controls and procedures • Information Technology — Maintain efficient and secure infrastructure by continuously upgrading network equipment and software in a cost effective manner Next Steps 7i • April 24 —B&I Committee review of Proposed Budget • May 10 —Open public hearing for Proposed Budget • May 22 —B&I Committee review of Final Budget • June 14 —Commission adoption of Final Budget 5 AGENDA ITEM 9 " " R I V E R S / D E C O U N T Y T R A N S P O R T A T I O N C O M M I S S I O N D A T E : M a r c h 8 , 2 0 0 6 T O : R i v e r s i d e C o u n t y T r a n s p o r t a t i o n C o m m i s s i o n F R O M : B u d g e t a n d I m p l e m e n t a t i o n C o m m i t t e e B i l l H u g h e s , B e c h t e l P r o j e c t M a n a g e r G u s t a v o Q u i n t e r o , B e c h t e l P r o j e c t C o o r d i n a t o r T H R O U G H : H i d e o S u g i t a , D e p u t y E x e c u t i v e D i r e c t o r S U B J E C T : A w a r d A m e n d m e n t N o . 3 , A g r e e m e n t N o . 0 2 - 3 1 - 0 4 3 - 0 3 t o C H 2 M H i l l f o r t h e P e r f o r m a n c e o f P r e l i m i n a r y E n g i n e e r i n g S e r v i c e s f o r t h e P r e p a r a t i o n o f a n A d m i n i s t r a t i v e D r a f t , P r o j e c t R e p o r t a n d E n v i r o n m e n t a l D o c u m e n t f o r t h e S t a t e R o u t e 7 9 R e a l i g n m e n t P r o j e c t B U D G E T A N D I M P L E M E N T A T I O N C O M M I T T E E A N D S T A F F R E C O M M E N D A T I O N : T h i s i t e m i s f o r t h e C o m m i s s i o n t o : 1 ) A w a r d o f A g r e e m e n t N o . 0 2 - 3 1 - 0 4 3 - 0 3 , A m e n d m e n t N o . 3 ; t o C H 2 M H i l l b a s e d o n t h e n e g o t i a t e d p r o j e c t s c o p e , s c h e d u l e a n d c o s t t h a t i s a t t a c h e d t o t h i s a g e n d a i t e m f o r t h e R e a l i g n m e n t o f S R - 7 9 i n t h e v i c i n i t y o f t h e c i t i e s o f S a n J a c i n t o a n d H e m e t f o r t h e d e v e l o p m e n t o f a n A d m i n i s t r a t i v e D r a f t P r o j e c t R e p o r t a n d E n v i r o n m e n t a l D o c u m e n t ( P R / E D ) ( t h e P r o j e c t ) . T h i s A m e n d m e n t w i l l n o t i n c r e a s e t h e c u r r e n t l y a p p r o v e d n o t t o e x c e e d a m o u n t f o r t h i s c o n s u l t a n t s e r v i c e s c o n t r a c t . T h e r e v i s e d s c o p e o f s e r v i c e s w i l l b e f u n d e d b y r e s c o p i n g t h e P r o j e c t b a c k f r o m t h e c o m p l e t i o n o f a f i n a l P R / E D t o t h e c o m p l e t i o n o f t h e A d m i n i s t r a t i v e D r a f t P R / E D b y t a k i n g t h e a c t i o n s n o t e d b e l o w i n r e c o m m e n d a t i o n s 2 a n d 3 ; 2 ) A u t h o r i z e t h e u s e o f t h e c o n t i n g e n c y f u n d s i n t h e a m o u n t o f $ 1 , 8 0 7 , 8 7 3 t h a t w e r e e s t a b l i s h e d b y A m e n d m e n t N o . 2 , A g r e e m e n t N o . 0 6 - 3 1 - 5 1 6 , t o f u n d a p o r t i o n o f t h e a t t a c h e d n e w l y d e f i n e d s c o p e o f s e r v i c e s t h a t w i l l b e ' r e q u i r e d t o t a k e t h e P r o j e c t t o t h e A d m i n i s t r a t i v e D r a f t l e v e l o f t h e P R / E D ; 3 ) A u t h o r i z e t h e r e a l l o c a t i o n o f t h e e x i s t i n g s c o p e o f s e r v i c e s t h a t a r e c u r r e n t l y v a l u e d a t $ 1 , 4 2 8 , 6 3 9 f r o m a p p r o v e d A m e n d m e n t N o . 1 , A g r e e m e n t N o . 0 5 - 3 1 - 5 3 2 , t o f u n d t h e r e m a i n d e r o f t h e r e v i s e d s c o p e o f s e r v i c e s d e f i n e d i n A m e n d m e n t N o . 3 t o t a k e t h e P r o j e c t t o t h e A d m i n i s t r a t i v e D r a f t l e v e l o f t h e P R / E D ; A g e n d a I t e m 9 8 4 4) Authorize staff to work with the consultant team to develop a revised scope of work that will move the Project from the Administrative Draft level to the final PR/ED; and 5) Authorize the Chairman, pursuant to legal counsel review, to execute Agreement No. 02-31-043-03 on behalf of the Commission. BACKGROUND INFORMATION: At its February 13, 2002 meeting, the Commission approved Agreement No.02-31-043 to CH2M Hill. The scope of work for this contract included preliminary engineering services for the preparation of a Project Report and Environmental Document for the State Route 79 realignment project. The authorized amount for Agreement No. 02-31-043 was $1,994,497 and the anticipated contract duration was 24 months. A notice to proceed was issued on April 18, 2002. In December 2003, collectively, the resource agencies agreed to the final purpose and need and in June 2004 they also agreed on the final project criteria and alternatives selection for preliminary agreement to finally move the SR-79 Realignment Project into the Project Report and Environmental Document (PR/ED) phase. Public involvement has been maintained through information meetings and the required scoping meetings that were held in both the cities of San Jacinto and Hemet as well as the community of Winchester. Riverside County residents within the project limits, but outside of the city limits were also invited to participate in the various meetings. Through the end of November 2004, CH2M Hill had expended approximately $1,400,000 of this contract over a period of 31 months. The project had achieved preliminary agreement from the resource agencies on the alternatives to be analyzed in the environmental document. However, significant work remained because of the intense development pressure that has impacted the project area and the fact that the locally preferred alternative impacts a sensitive vernal pool complex. Because of the above issues, changes to the alignments continued. To date, there is still no consensus on what would be acceptable to the resource agencies for the city of Hemet's locally preferred alternative that generally follows the east side of the San Diego canal. To address this issue, the Project has agreed to study a larger area along this portion of the alignment to allow for future adjustment without requiring additional technical studies to be performed. At its January 12, 2005 meeting, the Commission approved_ Amendment No. 1 for $13,158,654 bringing the total contract value to $15,153,151. Amendment No. 1 included new tasks to be completed that were not contemplated after the completion of the Project Study Report (PSR). When the PSR was completed, only Agenda Item 9 85 " t w o a l i g n m e n t a l t e r n a t i v e s w e r e a n t i c i p a t e d t o b e s t u d i e d a n d c a r r i e d f o r w a r d i n t o t h e d e v e l o p m e n t o f a P R / E D . W h e n t h e t e c h n i c a l s t u d i e s w e r e l a u n c h e d d u r i n g t h e w i n t e r o f 2 0 0 1 , t h e r e s o u r c e a g e n c i e s r e q u e s t e d t h a t a d d i t i o n a l b u i l d a l t e m a t i v e ( s ) b e i n c l u d e d i n t h e e n v i r o n m e n t a l d o c u m e n t s u c h t h a t s e v e r a l p a t h s t h r o u g h e a c h a r e a w o u l d b e e v a l u a t e d . F r o m t h i s r e q u e s t , a d d i t i o n a l s e g m e n t s , a l t e r n a t i v e s a n d a l i g n m e n t s w e r e a d d e d t o t h e p r o j e c t t o c r e a t e a m o r e r o b u s t s u i t e o f a l t e r n a t i v e s t o b r o a d e n t h e c h o i c e s a v a i l a b l e i n t h e a l t e r n a t i v e s e l e c t i o n p r o c e s s a n d i n c l u d e s e v e r a l a v o i d a n c e a l t e r n a t i v e s t o t h e s e n s i t i v e v e r n a l p o o l a r e a t h a t w o u l d b e i m p a c t e d b y t h e l o c a l l y p r e f e r r e d a l t e r n a t i v e . A m e n d m e n t N o . 2 , A g r e e m e n t N o . 0 6 - 3 1 - 5 1 6 , w a s a p p r o v e d o n S e p t e m b e r 2 0 , 2 0 0 5 a n d a u t h o r i z e d $ 3 3 1 , 1 0 0 f r o m c o n t i n g e n c y t o u p d a t e ' a e r i a l m a p p i n g a n d c o n d u c t c u l t u r a l s t u d i e s . A m e n d m e n t N o . 2 d i d n o t i n c r e a s e t h e c o n t r a c t ' s n o t t o e x c e e d v a l u e o f $ 1 5 , 1 5 3 , 1 5 1 . T h e p r o j e c t c o n t i n u e s t o c o n d u c t t h e r e q u i s i t e t e c h n i c a l f i e l d s t u d i e s a n d w o r k w i t h t h e l o c a l l a n d u s e a g e n c i e s t o a c c o m m o d a t e a n t i c i p a t e d d e v e l o p m e n t . T h e e a r l y r e s u l t s o f t h e t e c h n i c a l s t u d i e s a n d f e e d b a c k f r o m t h e c i t i e s a n d C o u n t y o f R i v e r s i d e h a v e p r o v i d e d a s s i s t a n c e i n f i n e - t u n i n g t h e a l i g n m e n t a l t e r n a t i v e s . T h e r e s u l t o f t h i s c o l l a b o r a t i v e e f f o r t i s s h o w n i n A t t a c h m e n t 1 . A s i g n i f i c a n t a m o u n t o f a l i g n m e n t r e f i n e m e n t h a s b e e n r e q u i r e d i n o r d e r t o a d d r e s s a l l o f t h e p r o j e c t c o n s t r a i n t s . T h e r e s u l t i s t h a t t h e s c o p e o f s e r v i c e t h a t w a s o r i g i n a l l y n e g o t i a t e d i n A m e n d m e n t N o . 1 m u s t n o w b e a d j u s t e d t o a d d r e s s t h e n e w a l i g n m e n t s , a s t h e y a r e c u r r e n t l y d e f i n e d . T h i s w i l l r e q u i r e a d d i t i o n a l f i e l d s t u d i e s t o b e p e r f o r m e d a s w e l l a s a d d i t i o n a l e n g i n e e r i n g e f f o r t s t o b e c o m p l e t e d i n o r d e r t o b e c o n s i s t e n t w i t h t h e c u r r e n t s u i t e o f a l t e r n a t i v e s . D u e t o t h e s i g n i f i c a n t c h a n g e i n c o n d i t i o n s t h a t h a s o c c u r r e d b e t w e e n t h e a p p r o v e d c o n t r a c t / a m e n d m e n t a w a r d s a n d t h e p r e s e n t , s t a f f i s b r i n g i n g b a c k t h e s c o p e o f w o r k t o t h e C o m m i s s i o n f o r r e v i e w a n d a u t h o r i z a t i o n t o c o n t i n u e w i t h t h e n e c e s s a r y e n g i n e e r i n g a n d e n v i r o n m e n t a l s t u d i e s t o k e e p t h e a p p r o v a l p r o c e s s m o v i n g f o r w a r d . T h e r e a r e s t i l l u n c e r t a i n t i e s t h a t m a y i m p a c t t h e f i n a l c o s t t o d e l i v e r t h e f i n a l P R / E D . B e c a u s e o f t h e s e u n c e r t a i n t i e s , s t a f f i s r e c o m m e n d i n g t h a t t h e c o n t r a c t n o t b e i n c r e a s e d a t t h i s t i m e . I n s t e a d , s t a f f r e c o m m e n d s u s e o f t h e c u r r e n t l y a u t h o r i z e d f u n d i n g a n d r e s c o p e t h e w o r k b a c k t o t h e d e l i v e r y o f a n A d m i n i s t r a t i v e D r a f t o f t h e P R / E D . A t a l a t e r d a t e , s t a f f w i l l b r i n g b a c k a n i t e m t h a t w i l l c a r r y t h e a p p r o v a l p r o c e s s t o t h e d e l i v e r y o f t h e f i n a l P R / E D . I t i s u n k n o w n a t t h i s t i m e w h a t a n y a d d i t i o n a l e f f o r t w i l l c o s t ; b u t , i t i s l i k e l y t o b e a p p r o x i m a t e l y $ 3 - 4 m i l l i o n t o r e p l a c e t h e a m o u n t s t h a t a r e b e i n g t a k e n f r o m i t e m s t h a t a r e c u r r e n t l y p r o p o s e d t o b e f u n d e d . T a k i n g t h e r e m a i n i n g w o r k e l e m e n t s f o r t h e P r o j e c t t o t h e f i n a l P R / E D i s e s t i m a t e d t o t a k e a p p r o x i m a t e l y t w o m o r e y e a r s f r o m F e b r u a r y 2 0 0 6 t h r o u g h D e c e m b e r A g e n d a I t e m 9 8 6 2008. This time frame will be achievable if weather conditions are satisfactory in order to allow the consultant team to collect the right environmental and technical information to take the project through completion of a Record of Decision and receipt of a Section 404 permit. In order to achieve this, sufficient rain is necessary so that staff will be able to perform much needed wet season surveys, soil lithology surveys, plant surveys and additional general biological surveys. All of these surveys are necessary specifically in the areas of the new alignments throughout the city of Hemet and in the other subtle line shifts that have occurred on the current approved alignments (see attached map). While all of this crucial information is being gathered, staff will continue to work with the county of Riverside and both the cities of Hemet and San Jacinto with their locally preferred alternatives. Staff recommends that the Commission approve Amendment No. 3 to CH2M Hill for the continuation of the engineering effort to obtain a Project Report and Environmental Document for the Realignment of SR-79 between Domenigoni Parkway and Gilman Springs Road. A Scope of Work Summary for the State Route 79 Realignment Project is attached that will take the project to the completion of the Administrative Draft of the PR/ED. Amendment No. 3 will authorize the use of $1,807,873 that is currently identified as project contingency. This cost will be transferred from the contingency cost that the Commission has already approved as part of Amendment No. 1 for this project. In addition, staff recommends that the Commission also approve the reallocation of currently approved tasks in the amount of $1,438,279. The total request for reallocation of funds is for $3,246,152 (see attached spreadsheets). The total not to exceed contract amount that the Commission approved on January 12, 2005 for the project will remain the same at $15,153,151. After the winter season surveys are completed, staff will return with an update on the status and progress of the project. By that time, staff will be able to determine if sufficient wet season survey information was collected or if there will be a need to perform a dry season survey to complement the current available data. A final scope of work and cost will be brought back for Commission approval at that time. Agenda Item 9 87 " " T h e R C T C m o d e l c o n s u l t a n t a m e n d m e n t w i l l b e u s e d p u r s u a n t t o l e g a l c o u n s e l r e v i e w . F i n a n c i a l I n f o r m a t i o n I n F i s c a l Y e a r B u d g e t : Y Y e a r : F Y 2 0 0 5 / 0 6 A m o u n t : $ 5 , 0 0 0 , 0 0 0 S o u r c e o f F u n d s : T U M F R e g i o n a l A r t e C a l $ 3 , 4 9 9 , 0 0 0 T E A - 2 1 D e m o f u n d s $ 1 , 5 0 1 , 0 0 0 B u d g e t A d u s t m e n t : N G L A N o . : 2 2 2 3 1 8 1 1 0 1 P 3 0 0 3 F i s c a l P r o c e d u r e s A p p r o v e d : \ i t e , u i t e �� D a t e : 2 / 2 7 / 0 6 A t t a c h m e n t s : 1 ) S R 7 9 C u r r e n t R e a l i g n m e n t M a p I 2 ) S R 7 9 R e a l i g n m e n t P r o j e c t S c o p e o f W o r k a n d B u d g e t T r a n s f e r s 3 ) S R 7 9 R e a l i g n m e n t P r o j e c t C o s t S p r e a d s h e e t s A g e n d a I t e m 9 8 8 " " " W i n c h e s t e r E G R A N D A V E E N E W P , O R T R D T H E S C E R R I T O S A V E D E M O N S H I R E A Y E S R M k L O M A A V E . S I M ? S O M R �� R A N I O N A E % P Y R E C O R D R p w i �� ��4 o a _ . o z B Y R D S T S E V E N T H S T - E S P L A N A D E A V E C O T T O N W O O D A V E M E N L O F D S R 7 4 . F L O R I D A A V E S a n J a c i n t o ( ) M I L A N O A V E e �� H e m e t - S T E T S O N A V E C h a n n e l A e r i a l D a t e : M a r c h 2 0 0 5 , A i r P h o t o U S A A a l t y i s 2 V o t c . ' , 1 7 1 t 4 6 1 2 0 0 6 % . 0 i a t s i . m t g 1 . g e n ' t p ' 2 0 0 6 L E G E N D - J a n u a r y 2 0 0 6 C e n t e r l i n e c ' - J a n u a r y 2 0 0 6 S e g m e n t M a t c h L i n e c " ( i P o t e n t i a l U t i l i t y R e l o c a t i o n A r e a c " E D P o t e n t i a l B o r r o w I m p a c t A r e a c " O l d P r o j e c t R i q i i t - o f - W a y F e b r u a r y 2 0 0 5 - N e w P r o j e c t R i g h t - o f - W a y J a n u a r y 2 0 0 6 U n c h a n g e d P r o j e c t - R i g h t - o f - W a y a n d B o r r o w A r e a F e b r u a r y 2 0 0 5 a n d J a n u a r y 2 0 0 6 c " 0 5 , 0 0 0 0 F e e t 1 , 0 0 0 M e t e r s A t t a c h m e n t 1 S t a t e R o u t e 7 9 R e a l i g n m e n t P r o j e c t C o m p a r i s o n o f P r o j e c t S t u d y S e g m e n t s F e b r u a r y 2 0 0 5 a n d J a n u a r y 2 0 0 6 P r e l i m i n a r y - S u b j e c t t o C h a n g e S o u r c e : C H - C H 2 M H I L L 1 : 6 0 p 0 0 p t r n u m D D D . p , State Route 79 Realignment Project: Domenigoni Parkway to Gilman Springs Road Budget Transfers for Project Report and Environmental Document Amendment No. 3 Prepared for Riverside County Transportation Commission February 2006 Submitted by 3550 Vine Street, Suite 320 Riverside, California 92 89 " A m e n d m e n t N o . 3 T h e p r o p o s e d A m e n d m e n t 3 f o r t h e S t a t e R o u t e 7 9 R e a l i g n m e n t P r o j e c t ( P r o j e c t ) r e a l l o c a t e s b u d g e t s f r o m s p e c i f i c t a s k s ( c o n t i n g e n c y t a s k s , c o m p l e t e d t a s k s , a n d f u t u r e t a s k s ) t o e x i s t i n g t a s k s t h a t r e q u i r e a d d i t i o n a l b u d g e t . T h i s b u d g e t i s b e i n g a l l o c a t e d f o r o u t o f s c o p e w o r k b a s e d o n c h a n g e s t o t h e p r o p o s e d P r o j e c t . I t i s e s t i m a t e d t h a t t h i s f u n d i n g w i l l p r o v i d e f o r a p o r t i o n o f t h e r e q u i r e d w o r k . A s u b s e q u e n t a m e n d m e n t ( f u t u r e A m e n d m e n t 4 ) w i l l a l s o b e r e q u i r e d t o c o m p l e t e t h i s w o r k . T h e s p e c i f i c r e a s o n s f o r t h i s a d d i t i o n a l b u d g e t c a n b e s u m m a r i z e d b a s e d o n t h e f o l l o w i n g i t e m s . 1 ) C h a n g e i n t h e P r o j e c t d e s c r i p t i o n : " T h e r e m o v a l o f t h e p r e v i o u s " E a s t e r n A l t e r n a t i v e f r o m t h e P r o j e c t " T h e a d d i t i o n o f a n e w P r o j e c t a l t e r n a t i v e , d e s c r i b e d a s t h e " M i d W e s t e r n A l t e r n a t i v e ' " S h i f t s o f e x i s t i n g P r o j e c t a l t e r n a t i v e s t o n e w l o c a t i o n s n o t p r e v i o u s l y a n a l y z e d " N e w f e a t u r e s h a v e b e e n a d d e d t o t h e P r o j e c t i n c l u d i n g a u t i l i t y r e l o c a t i o n c o r r i d o r , c o n s t r u c t i o n h a u l r o u t e s , a n d d e t o u r l o c a t i o n s f o r u s e d u r i n g c o n s t r u c t i o n 2 ) B a s e d o n t h e c h a n g e s i n t h e P r o j e c t d e s c r i p t i o n d e s c r i b e d i n i t e m # 1 , b i o l o g i c a l a n d c u l t u r a l r e s o u r c e s u r v e y s n e e d t o b e i n i t i a t e d i m m e d i a t e l y i n t h e l o c a t i o n s w h e r e p r e v i o u s s u r v e y w e r e n o t c o n d u c t e d . 3 ) T a s k s t h a t s u p p o r t t h e f i e l d s u r v e y e f f o r t a r e a l s o r e q u i r e d . T h i s i n c l u d e s c o o r d i n a t i o n w i t h t h e l a n d o w n e r s ( T a s k 1 . 8 ) t o g a i n a c c e s s t o t h e i r p r o p e r t y , a s w e l l a s t o o u r t e c h n i c a l s u p p o r t f o r G P S a n d G I S t a s k s ( T a s k 1 . 9 ) . 4 ) A d d i t i o n a l e f f o r t i s r e q u i r e d b y t h e f e d e r a l r e s o u r c e a g e n c i e s t o u p d a t e t h e P r o j e c t d e s c r i p t i o n i n t h e U p d a t e d P r e l i m i n a r y A g r e e m e n t d o c u m e n t ( T a s k 2 . 3 ) . 5 ) A d d i t i o n a l e f f o r t i s r e q u i r e d t o c o o r d i n a t e w i t h t h e p u b l i c r e l a t e d t o P r o j e c t S c o p i n g . 6 ) A d d i t i o n a l e f f o r t i s r e q u i r e d t o u p d a t e t h e o n s i t e d r a i n a g e s t u d i e s b a s e d u p o n t h e c h a n g e s t o t h e P r o j e c t d e s c r i p t i o n . 7 ) A d d i t i o n a l e f f o r t i s r e q u i r e d t o u p d a t e t h e e x i s t i n g u t i l i t i e s i n f o r m a t i o n a n d i d e n t i f y u t i l i t y c o n f l i c t s a n d r e l o c a t i o n s b a s e d u p o n t h e c h a n g e s t o t h e P r o j e c t d e s c r i p t i o n . 8 ) A d d i t i o n a l e f f o r t i s r e q u i r e d t o c o n v e r t t h e n e w a e r i a l m a p p i n g f r o m E n g l i s h u n i t s t o m e t r i c u n i t s . W e o r i g i n a l l y s c o p e d t o d o t h e m a p p i n g i n E n g l i s h u n i t s , w h i c h w e w i l l n e e d l a t e r i n t h e p r o j e c t , b u t h a v e i d e n t i f i e d t h a t w e w i l l a l s o n e e d t h e m a p p i n g i n m e t r i c u n i t s t o c o m p l e t e w o r k t h a t i s a l r e a d y i n p r o g r e s s . 9 ) A d d i t i o n a l e f f o r t i s r e q u i r e d t o u p d a t e t h e r i g h t o f w a y d a t a s h e e t s b a s e d u p o n t h e c h a n g e s t o t h e P r o j e c t d e s c r i p t i o n . 9 0 10) A new task has been identified to perform field exploration work related to, the Hemet Landfill near the intersection of Warren Road and Esplanade Avenue. This was requested by Caltrans at a recent meeting. This document will first describe the tasks from which budget is being taken, and then describe the tasks to which budget is being allocated. 91 z • " " " E x i s t i n g B u d g e t s t o b e T r a n s f e r r e d C o n t i n g e n c y T a s k s T h e f o l l o w i n g t a s k s w e r e p l a c e d i n C o n t i n g e n c y i n A m e n d m e n t 1 a n d r e m o v e d f r o m t h e s c o p e . A m e n d m e n t 3 w i l l m o v e t h e b u d g e t s f o r t h e s e t a s k s f r o m t h e C o n t i n g e n c y a n d a l l o c a t e t h e s e b u d g e t s t o e x i s t i n g t a s k s . T a s k N u m b e r T a s k N a m e E x i s t i n g B u d g e t 1 . 9 G I S $ 5 6 7 , 3 1 6 . 1 1 3 . 1 3 A e r i a l M a p p i n g $ 1 6 , 7 8 6 . 0 8 3 . 1 8 G e o m e t r i c A p p r o v a l D r a w i n g s $ 4 8 5 , 9 5 3 . 1 2 5 . 0 4 C u l t u r a l R e s o u r c e s S i t e T e s t i n g $ 3 7 2 , 0 0 0 . 0 0 6 . 0 3 D r a f t E I S / E I R P r e p a r a t i o n $ 1 8 2 , 6 5 2 . 1 2 6 . 6 . 4 F i n a l E I S / E I R P r e p a r a t i o n $ 1 2 4 , 7 6 4 . 1 5 N / A O t h e r c o n t i n g e n c y $ 5 8 , 4 0 1 . 4 2 T O T A L $ 1 , 8 0 7 , 8 7 3 . 0 0 N o t e 1 : T h e A e r i a l M a p p i n g t a s k ( 3 . 1 3 ) o r i g i n a l l y h a d $ 1 2 2 , 8 8 6 . 0 8 a s s i g n e d t o c o n t i n g e n c y . U n d e r A m e n d m e n t 2 , $ 1 0 6 , 1 0 0 o f t h i s w a s t r a n s f e r r e d f r o m c o n t i n g e n c y t o o u r c o n t r a c t , l e a v i n g $ 1 6 , 7 8 6 . 0 8 i n c o n t i n g e n c y . N o t e 2 : T h e C u l t u r a l R e s o u r c e s S i t e T e s t i n g t a s k ( 5 . 0 4 ) o r i g i n a l l y h a d $ 5 9 7 , 0 0 0 a s s i g n e d t o c o n t i n g e n c y . U n d e r A m e n d m e n t 2 , $ 2 2 5 , 0 0 0 o f t h i s w a s t r a n s f e r r e d f r o m c o n t i n g e n c y t o o u r c o n t r a c t , l e a v i n g $ 3 7 2 , 0 0 0 i n c o n t i n g e n c y . C o m p l e t e d T a s k s T h e t a s k s l i s t e d b e l o w a r e i n o u r e x i s t i n g c o n t r a c t . T h e s e t a s k s h a v e b e e n c o m p l e t e d a n d t h e r e i s b u d g e t r e m a i n i n g t h a t w i l l n o t b e n e e d e d . W e a r e p r o p o s i n g t o t a k e t h e r e m a i n i n g b u d g e t s f o r t h e s e t a s k s a n d a l l o c a t e i t t o o t h e r e x i s t i n g t a s k s t h a t r e q u i r e a d d i t i o n a l b u d g e t . T h e c o m p l e t e d t a s k s f r o m w h i c h w e p r o p o s e t o t a k e b u d g e t a r e a s f o l l o w s : T a s k N u m b e r T a s k N a m e E x i s t i n g B u d g e t 3 . 1 1 V a l u e E n g i n e e r i n g $ 2 , 2 4 9 . 2 3 4 . 1 D e v e l o p m e n t o f P r o j e c t A l t e r n a t i v e s D e s c r i p t i o n f o r E n v i r o n m e n t a l T e c h n i c a l R e p o r t s $ 7 , 3 9 1 . 0 5 T O T A L $ 9 , 6 4 0 . 2 8 9 2 3 Future Tasks The tasks listed below are in our existing contract, but will not need to be performed in 2006. We are proposing to take the existing budgets for these tasks and allocate it to other existing tasks that require additional budget. The future tasks from which we propose to take budget are as follows: Task Number Task Name Existing Budget 3.14 Final Engineering $163,542.94 3.15 Advance Planning Studies $162,656.54 3.19 Final Project Report $97,988.10 6.3 Draft EIS/EIR Preparation $180,426.94 6.4 Draft EIS/EIR Circulation $151,682.68 6.5.3 Draft EIS/EIR Public Noticing $24,767.34 6.5.4 Public Hearings $61,604.29 6.6.1 Response to Comments $272,713.53 6.6.4 Final EIS/EIR Preparation $125,511.26 6.6.5 Final EIS/EIR Circulation $143,034.59 6.8 Project Mitigation Monitoring & Reporting Plan $44,710.63 TOTAL $1,428,638.84 A summary of the budgets to be transferred for the three categories of tasks is as follows: Task Type Budgets to be Transferred Contingency Tasks $1,807,873.00 Completed Tasks $9,640.28 Future Tasks $1,428,638.84 TOTAL $3,246,152.12 93 4 " " A l l o c a t i o n o f B u d g e t s T h e f o l l o w i n g t a b l e l i s t s t h e t a s k s t h a t w i l l h a v e n e w o r a d d i t i o n a l b u d g e t a l l o c a t e d t o t h e m u n d e r A m e n d m e n t 3 . T a s k N u m b e r T a s k N a m e E x i s t i n g B u d g e t 1 . 1 P r o j e c t M a n a g e m e n t $ 3 0 , 0 0 0 . 0 0 1 . 8 L a n d o w n e r A c c e s s $ 3 5 0 , 0 0 0 . 0 0 1 . 9 G I S $ 9 4 7 , 3 2 8 . 9 6 2 . 3 U p d a t e d P r e l i m i n a r y A g r e e m e n t $ 8 2 , 6 6 3 . 1 6 3 . 2 O n s i t e D r a i n a g e S t u d i e s $ 6 0 , 0 0 0 . 0 0 3 . 4 U t i l i t y C o o r d i n a t i o n $ 1 3 7 , 8 1 5 . 0 0 3 . 6 T r a f f i c A n a l y s i s $ 2 5 , 0 0 0 . 0 0 3 . 1 3 A e r i a l M a p p i n g $ 7 , 0 0 0 . 0 0 3 . 1 7 R i g h t o f W a y D a t a S h e e t s $ 3 0 , 0 0 0 . 0 0 3 . 2 0 ( n e w ) H e m e t L a n d f i l l $ 5 6 , 3 4 5 . 0 0 4 . 2 M o d i f i c a t i o n o f P r o j e c t A l t e r n a t i v e s D e s c r i p t i o n f o r E n v i r o n m e n t a l T e c h n i c a l R e p o r t s $ 2 0 0 , 0 0 0 . 0 0 5 . 4 C u l t u r a l R e s o u r c e s $ 2 2 5 , 0 0 0 . 0 0 5 . 1 2 . 1 W e t l a n d D e l i n e a t i o n R e p o r t $ 2 1 5 , 0 0 0 . 0 0 5 . 1 2 . 2 B u r r o w i n g O w l A d v a n c e d R e c o n n a i s s a n c e S u r v e y R e p o r t $ 4 0 , 0 0 0 . 0 0 5 . 1 2 . 3 R a r e P l a n t A d v a n c e d R e c o n n a i s s a n c e S u r v e y R e p o r t $ 4 9 5 , 0 0 0 . 0 0 5 . 1 2 . 4 R i p a r i a n B i r d F o c u s e d S u r v e y R e p o r t $ 4 0 , 0 0 0 . 0 0 5 . 1 2 . 5 V e r n a l P o o l F a i r y S h r i m p F o c u s e d S u r v e y R e p o r t $ 1 0 0 , 0 0 0 . 0 0 5 . 1 2 . 6 M a m m a l F o c u s e d S u r v e y R e p o r t $ 6 0 , 0 0 0 . 0 0 6 . 2 . 2 A n a l y s i s o f C u m u l a t i v e I m p a c t s $ 8 0 , 0 0 0 . 0 0 6 . 5 . 1 S c o p i n g $ 6 5 , 0 0 0 . 0 0 T O T A L $ 3 , 2 4 6 , 1 5 2 . 1 2 9 4 5 Summary There are two spreadsheets that accompany this Amendment 3 request. One spreadsheet lists all of the tasks on the project with the updated budget amounts shown. This spreadsheet incorporates all of the changes described in this document. It provides a breakdown by task of the budgets that will remain for each task. The second spreadsheet is a summary of our contract cost proposal. This spreadsheet incorporates the changes described in this document. It depicts the labor, overhead, and net fee changes as a result of Amendment 3. 95 s • " C O S T P R O P O S A L R C T C S R 7 9 H I L L L A B O R P r o j e c t M a n a g e r S e n i o r C o n s u l t a n t E n v i r o n m e n t a l T a s k L e a d e r S e n i o r E n g i n e e r P r o j e c t E n g i n e e r P r o j e c t P l a n n e r / S c i e n t i s t A s s o c i a t e E n g i n e e r A s s o c i a t e P l a n n e r / S c i e n t i s t R a t e $ 7 1 . 1 6 $ 6 2 . 5 0 $ 5 6 . 7 7 $ 6 3 . 1 8 $ 4 7 . 0 5 $ 5 0 . 3 3 $ 5 2 . 9 7 $ 3 7 . 7 9 H o u r s - 8 5 8 4 2 1 , 8 5 8 - 4 4 6 - 5 2 7 5 8 7 1 7 4 1 2 1 L a b o r C o s t ( $ 6 , 0 4 8 . 6 0 ) $ 5 2 , 6 2 5 . 0 0 $ 1 0 5 , 4 7 8 . 6 6 ( $ 2 8 , 1 7 8 . 2 8 ) ( $ 2 4 , 7 9 5 . 3 5 ) $ 2 9 , 5 4 3 . 7 1 $ 9 , 2 1 6 . 7 8 $ 4 , 5 7 2 . 5 9 E n g i n e e r P l a n n e r / S c i e n t i s t T e c h n i c a l E d i t o r W o r d P r o c e s s o r G I S / G r a p h i c s C A D D A d m i n i s t r a t i o n R e p r o g r a p h i c s $ 3 9 . 5 7 $ 2 4 . 4 3 $ 3 6 . 4 6 $ 2 3 . 5 6 $ 3 6 . 7 8 $ 2 2 . 2 4 $ 2 3 . 9 3 $ 2 4 . 3 1 - 3 8 1 6 8 8 2 0 9 1 9 3 6 , 2 2 4 - 8 1 7 3 7 0 6 5 8 ( $ 1 5 , 0 7 6 . 1 7 ) $ 1 6 , 8 0 7 . 8 4 $ 7 , 6 2 0 . 1 4 $ 4 , 5 4 7 . 0 8 $ 2 2 8 , 9 0 0 . 1 8 ( $ 1 8 , 1 7 0 . 0 8 ) $ 8 , 8 5 4 . 1 0 $ 1 5 , 9 9 5 . 9 8 P r o j e c t M u l t i p l i e r E X P E N S E a n d T R A V E L C O S T S E x p e n s e s T r a v e l / P e r D i e m S U B T O T A L 2 . 8 9 6 9 , 6 6 8 O v e r h e a d F e e T o t a l B u r d e n e d L a b o r 1 6 3 . 3 % 1 0 % $ 4 3 , 7 4 3 $ 6 4 , 9 2 9 $ 3 9 1 , 8 9 4 $ 6 3 9 , 9 6 2 $ 1 0 3 , 1 8 6 $ 1 , 1 3 5 , 0 4 1 S U B T O T A L S U B C O N T R A C T O R S ( i n c l u d e s L a b o r , E x p e n s e s , T r a v e l , a n d P e r D i e m ) D a v i d B r a m l e t ( R a r e P l a n t s ) E a r t h w o r k s ( R a r e P l a n t s ) E n g i n e e r i n g R e s o u r c e s F r e d R o b e r t s ( R a r e P l a n t s ) D r . H e r b H u d d l e s t o n ( W e t l a n d D e l i n e a t i o n ) M i c h e l l e B a l k C o n s u l t i n g ( R a r e P l a n t s ) N i n y o & M o o r e O ' F a r r e l l B i o l o g i c a l C o n s u l t i n g P e t e r H . 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BACKGROUND INFORMATION: Election of a Representative to the Executive Committee The membership of the Executive Committee shall be as follows: 1) The Chair of the Commission; 2) The Vice Chair of the Commission; 3) The Second Vice Chair of the Commission; 4) Past Chair of the Commission; 5) A regular member of the Commission representing one of the following cities: Riverside, Corona, Moreno Valley; 6) A regular member of the Commission representing one of the following cities: Banning, Beaumont, Calimesa, Canyon Lake, Hemet, Lake Elsinore, Murrieta, Norco, Perris, San Jacinto, and Temecula; 7) A regular member of the Commission representing the following cities: Blythe, Cathedral City, Coachella, Desert Hot Springs, Indian Wells, Indio, La Quinta, Palm Desert, Palm Springs and Rancho Mirage; and, 8) Three members of the Commission who are members of the Riverside County Board of Supervisors. Such members shall be appointed by the Board of Supervisors. With the exception of the Chair, Vice Chair, and the Second Vice Chair, the term of the Executive Committee members shall be two years. Due to a change in the Commission representative for the city of San Jacinto, a vacancy now exists on the Executive Committee. The following group of cities will need to appoint a new representative: Banning; Beaumont, Calimesa, Canyon Lake, Hemet, Lake Elsinore, Murrieta, Norco, Perris, San Jacinto, and Temecula. The term for this position will expire in December 2006. This is in accordance to the provision, under Section H3(b) of the Commission's Administrative Code. Agenda Item 10 99 AGENDA ITEM 12 HANDOUTS FOR COMMISSIONERS / EXECUTIVE DIRECTOR'S REPORT RIVERS/DE COUNTY TRANSPORTATION COMMISSION DATE: March 8, 2006 TO: Riverside County Transportation Commission FROM: Commissioner Ron Roberts SUBJECT: SCAG Consensus Trip To Washington BACKGROUND INFORMATION: The recent passage of Senate Bill 1234 requires a report on trips that are made by an elected official on behalf of a public agency. The purpose of this report is to provide you with information on the recently -completed SCAG Consensus Trip to Washington D.C. that I attended during February 6 through February 9, 2006. On an annual basis SCAG gathers representatives from every county transportation agency in its jurisdiction to visit Washington in order to advocate for the region's transportation needs. All too often, unity among all six counties regarding transportation issues can be hard to find, but the goods movement issue has become so pervasive that this year's Washington trip focused exclusively on goods and freight movement. ATTENDEES: The following officials participated: Toni Young, SCAG President and Councilwoman, Port Hueneme Ron Roberts, RCTC Yvonne Burke, LA County Supervisor John Proctor, Moorpark Councilman and Member VCTC Judy MikeIs, Ventura County Supervisor Harry Baldwin, Mayor of San Gabriel Art Brown, Mayor of Buena Park and Chairman of OCTA and Metrolink Victor Carillo, Imperial County Supervisor Roger Snoble, CEO of MTA Ginger Gherardi, Executive Director of VCTC Mark Pisano, Executive Director of SCAG Art Leahy, Executive Director of OCTA David Solow, Executive Director of Metrolink John Standiford attended for RCTC and was also joined by government relations colleagues from SANBAG, MTA and OCTA. Agenda Item 12 MEETINGS: Our meetings in Washington D.C. included the following: Congressman Jerry Lewis Congressman Don Young Congressman Thomas Petri Senator James Inhofe Congressman John Mica Staff members for Senators Feinstein and Boxer Committee staffs from the Senate and House Transportation Committees Esera Finken of the Waterfront Coalition Representatives from the Federal Transit Administration CONCLUSIONS: While it might sound hard to believe, now might be the time to start talking about the next major federal transportation bill. SAFETEA LU was passed during the latter half of 2005 but it actually expires in 2009. These multi -year authorization bills take years to take shape and given our remarkable transportation needs in Southern California, we need to act now to ensure we get the needed level of investment in the future. Among the facts to keep in mind is that 1 out of every 75 jobs in the United States depends on the goods movement industry and specifically the industry that is served by the Ports of Long Beach and Los Angeles. One out of every seven jobs in Southern California depends on our industry as well. Our current rail capacity is expected to run out in 2010. Any disruption in the goods movement system, could throw the nation into a recession. One conclusion that many speakers have is that there will need to be an increase in federal revenue for transportation. This wasn't seriously considered in the deliberations for SAFETEA LU but will need to be in 2009 because the federal trust fund is bound to run out of money about that time. The main message is that the Commission will need to continue to press for federal and state investment on goods movement projects for the next few years. We certainly have a wide variety of transportation needs but the overall quality of life in the region is being impacted by freight demands. As a result, we must continue to press for dollars for grade separations, rail improvements and truck lanes. Agenda Item 12 75877 EH/SW eMETROLINK® SOUTHERN CALIFORNIA REGIONAL RAIL AUTHORITY February 15, 2006 Eric Haley Executive Director Riverside County Transportation Commission P.O. BOX 12008 Riverside, CA 92502 1�©r.Fri `ir FEB 2 i 2006 ' 101i.tA E irJi:,riy �M1A' Qr i; N r , Mi'. e.� 11Y1iY�� C'Itf}:,I:�.,. v��di:M;il�iUi{ RE: UC Riverside Metrolink Pass Dear Mr. Haley: Member Agencies: Los Angeles County Mel ropolitan Transportation Authority. Orange County Transportation Authority. Riverside County Tranvortatinn Commission San Bernardino Associated Governments. Ventura County Transportation Commission. Fx Officio Members: Southern California Association of Governments. San Diego Association of Governments. State of California. In response to your request, Metrolink staff has reviewed the feasibility of establishing a University Pass (UPass) for the University of California at Riverside (UCR). Given the current trip demand for the University students, Metrolink would like to initiate discussions with the University concerning the details of a demonstration program. Since we expect to sell nearly $45,000' in Corporate Pass Program fare media to UCR customers this year, Metrolink would suggest the first year initial demonstration program be limited to students only, and that the initial flat fee be set at $125,000. To facilitate seamless implementation and use, Metrolink recommends that the guidelines for the UPass program include: • Inclusive eligibility: Since Metrolink does not have a discount program for employees, consider extending program beyond students to include faculty and staff after the first -year demonstration program provides better information on the actual ridership and distance -based revenue; • Allow UCR students access to all Metrolink trains (i.e.: this would be a systemwide pass with no restriction to off-peak trains); • Since Metrolink assumes that RTA will also enter into a UPASS agreement with UCR , the UCR Student ID would not include transfer privileges from Metrolink to connecting transit during the initial demonstration period; and • Validity period: UPass validity period would be the same as Student ID. The Student ID must allow visual inspection of an expiration date or the University would have to issue Semester/Quarter stamps for the ID badges with expiration dates. Because Metrolink fares are distance based, in order to better project the potential travel distance and fare revenue requirements for UPASS riders, _Metrolinkneeds to understand the current'origns and destinations, of. the UCR students, .faculty, and staff. To complete that analysis; Metrolink is requesting theaggregated. anonymous home zip code for the three potential rider categories: UCR students, faculty and staff. Prior to initiating the 70 , s. Flower Street 26th Floor Los Angeles CA 90017 Tel [213] 452.0200 Fax [213] 452.0425 www.metrolinktrairts.com