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11 November 22, 2010 Budget & Implementation90179 RECORDS RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE MEETING AGENDA TIME: 9:30 a.m. DATE: Monday, November 22, 2010 LOCATION: BOARD ROOM County of Riverside Administrative Center 4080 Lemon Street, First Floor, Riverside SP- COMMITTEE MEMBERS -*?? Greg Pettis, Chair / Kathleen DeRosa, City of Cathedral City Scott Matas, Vice Chair / Russell Betts, City of Desert Hot Springs Roger Berg / Jeff Fox, City of Beaumont Joseph DeConinck / To Be Appointed, City of Blythe Ray Quinto / Jim Hyatt, City of Calimesa Mary Craton / Jordan Ehrenkranz, City of Canyon Lake Eduardo Garcia / Steven Hernandez, City of Coachella Robin Lowe / Eric McBride, City of Hemet Bob Magee / Melissa Melendez, City of Lake Elsinore Terry Henderson / Don Adolph, City of La Quinta Rick Gibbs / Randon Lane, City of Murrieta Steve Adams / Andy Melendrez, City of Riverside Ron Roberts / Jeff Comerchero, City of Temecula John F. Tavaglione, County of Riverside, District II Jeff Stone, County of Riverside, District III 49- STAFF -V Anne Mayer, Executive Director Theresia Trevino, Chief Financial Officer SP. AREAS OF RESPONSIBILITY -V Annual Budget Development and Oversight Competitive Federal and State Grant Programs Countywide Communications and Outreach Programs Countywide Strategic Plan Legislation Measure A Implementation Public Communications and Outreach Programs Short Range Transit Plans Comments are welcomed by the Committee. If you wish to provide comments to the Committee, please complete and submit a Speaker Card to the Clerk of the Board. 11.36.06 • • RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE www.rctc.orq- AGENDA* *Actions may be taken on any item listed on the agenda 9:30.a.m. Monday, November 22, 2070 BOARD ROOM County Administrative Center 4080 Lemon Street, First Floor Riverside, California In compliance with the Brown Act and Government Code Section 54957.5, agenda materials distributed 72 hours prior to the meeting, which are public records relating to open session agenda items, will be available for inspection by members of the public prior to the meeting at the Commission office, 4080 Lemon Street, Third Floor, Riverside, CA, and on the Commission's website, www.rctc.org. In compliance with the Americans with Disabilities Act and Government Code Section 54954.2, if you need special assistance to participate in a Committee 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 - Each individual speaker is limited to speak three (3) continuous minutes or less. The Committee may, either at the direction of the Chair or by majority vote of the Committee, waive this three minute time limitation. Depending on the number of items on the Agenda and the number of speakers, the Chair may, at his/her discretion, reduce the time of each speaker to two (2) continuous minutes. Also, the Committee may terminate public comments if such comments become repetitious. In addition, the maximum time for public comment for any individual item or topic is thirty (30) minutes. Speakers may not yield their time to others without the consent of the Chair. Any written documents to be distributed or presented to the Committee shall be submitted to the Clerk of the Board. This policy applies to Public Comments and comments on Agenda Items. Budget and Implementation Committee November 22, 2010 Page 2 Under the Brown Act, the Board should not take action on or discuss matters raised during public comment portion of the agenda which are not listed on the agenda. Board members may refer such matters to staff for factual information or to be placed on the subsequent agenda for consideration. 5. APPROVAL OF MINUTES - SEPTEMBER 27, 2010 6. ADDITIONS/REVISIONS (The Committee 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 Committee subsequent to the posting of the agenda. An action adding an item to the agenda requires 2/3 vote of the Committee. if there are less than 2/3 of the Committee members present, adding an item to the agenda requires a unanimous vote. Added items will be placed for discussion at the end of the agenda.) 7. CONSENT CALENDAR - All matters on the Consent Calendar will be approved in a single motion unless a Commissioner(s) requests separate action on specific item(s). Items pulled from the Consent Calendar will be placed for discussion at the end of the agenda. 7A. QUARTERLY SALES TAX ANALYSIS Overview This item is for the Committee to: Page 1 • 1► Receive and file the sales tax analysis for Quarter 2 (Q2) 2010; and 2) Forward to the Commission for final action. 7B. QUARTERLY INVESTMENT REPORT Overview This item is for the Committee to: Page 10 1) Receive and file the Quarterly Investment Report for the quarter ended September 30, 2010; and 2) Forward to the Commission for final action. Budget and Implementation Committee November 22, 2010 Page 3 8. AMENDMENT TO AGREEMENT FOR ACTUARIAL VALUATION SERVICES WITH BARTEL ASSOCIATES, LLC Overview This item is for the Committee to: Page 23 1) Approve Agreement No. 07-19-1 12-01, Amendment No. 1 to Agreement No. 07-19-112-00, with Bartel Associates, LLC in an amount not to exceed $13,200 for actuarial valuation services as required by Governmental Accounting Standards Board (GASB) Statement No. 57, OPEB Measurement by Agent Employers and Agent Multi -Employer Plans; and 2) Forward to the Commission for final action. 9. COUNTY OF RIVERSIDE FUNDING REQUEST FOR STATE ROUTE 79 WIDENING PROJECT Overview This item is for the Committee to: Page 32 1) Approve Agreement No. 10-72-035-01, Amendment No. 1 to Agreement No. 10-72-035-00, with the County of Riverside (County) for the State Route 79 widening project, Thompson Road to Domenigoni Road for an increase of $5 million in the 1989 Measure A Highway funds; 2) Authorize the Chair, pursuant to legal counsel review, to execute the agreement on behalf of the Commission; and 3) Forward to the Commission for final action. 10. ANNUAL LOCAL TRANSPORTATION FUND PLANNING ALLOCATION TO WESTERN RIVERSIDE COUNCIL OF GOVERNMENTS FOR FISCAL YEAR 2010/11 Page 34 Overview This item is for the Committee to: 1) Approve an allocation of Local Transportation Fund (LTF) Planning funds in the amount of $433,125 to the Western Riverside Council of Governments (WRCOG) to support transportation planning programs and functions as identified in the FY 2010/11 LTF Program Objectives/Work Plan (Work Plan); and 2) Forward to the Commission for final action. Budget and Implementation Committee November 22, 2010 Page 4 11. 2011 STATE AND FEDERAL LEGISLATIVE PLATFORMS Overview This item is for the Committee to: 1) Approve the 201 1 State and Federal Legislative Platforms; and 2) Forward to the Commission for final action. 12. ITEM(S) PULLED FROM CONSENT CALENDAR AGENDA 13. COMMISSIONERS / STAFF REPORT Overview Page 38 • This item provides the opportunity for the Commissioners and staff to report on attended and upcoming meeting/conferences and issues related to Commission activities. 14. ADJOURNMENT RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE SIGN -IN SHEET NOVEMBER 22, 2010 NAME GENCY 6",(/ .7 E MAIL ADDRESS 7)762-77ir te..-�, a (J� l_t-4-CAti u�NTZ, Gtn, h Gn..(a OCTh 1>rys�F.�T /4 5•- • �.J Co- Rc \{.1.+.-+`. C 7);1 'ram of /3 C4 v►"1ol, -s C6 4 RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE ROLL CALL NOVEMBER 22, 2010 Present Absent County oftrict Il County of Riverside, District III 0 City of Beatim�rrt" n City of Blythe O City of .Caii a Li 0 City of Canyon Lake City .of Catl City of Coachella City - City of Hemet City of -take Elm+ City of La Quinta City of 11hua City of Riverside City Temecla RIVERSIDE COUNTY TRANSPORTATION COMM/SS/ON BUDGET AND IMPLEMENTATION COMMITTEE Monday, September 27, 2010 MINUTES 1. CALL TO ORDER The meeting of the Budget and Implementation Committee was called to order by Vice Chair Scott Matas at 9:30 a.m., in the Board Room at the County of Riverside Administrative Center, 4080 Lemon Street, First Floor, Riverside, California, 92501. 2. PLEDGE OF ALLEGIANCE At this time, Commissioner Terry Henderson led the Budget and Implementation Committee in a flag salute. 3. ROLL CALL Members/Alternates Present Members Absent Steve Adams Roger Berg Rick Gibbs Terry Henderson Steven Hernandez* Scott Matas Bob Magee Ray Quinto Ron Roberts Jeff Stone Mary Craton Joseph DeConinck Robin Lowe Greg Pettis John Tavaglione *Arrived after the meeting was called to order 4. PUBLIC COMMENTS There were no requests to speak from the public. • RCTC Budget and Implementation Committee Minutes September 27, 2010 Page 2 5. APPROVAL OF MINUTES - AUGUST 23, 2010 M/S/C (Stone/Adams) to approve the minutes of August 23, 2010, as submitted. Abstain: Henderson 6. ADDITIONS / REVISIONS There were no additions/revisions to the agenda. 7. CONSENT CALENDAR All matters on the Consent Calendar will be approved in a single motion unless a Commissioner(s) requests separate action on specific item(s). Items pulled from the Consent Calendar will be placed for discussion at the end of the agenda. M/S/C (Adams/Stone) to approve the follovving Consent Calendar item(s): 7A. QUARTERLY FINANCIAL STATEMENTS 1 ) Receive and file the Quarterly Financial Statements for the year ended June 30, 2010; and 2► Forward to the Commission for final action. 8. FISCAL YEAR 2010 MEASURE A LOCAL STREETS AND ROADS BUDGET ADJUSTMENT Michele Cisneros, Accounting and Human Resources Manager, provided a brief overview of the request for an increase in FY 2009/10 revenues and expenditures for the Measure A local streets and roads allocations. M/S/C (Stone/Henderson) to: 1) Approve a budget adjustrront for an increase in FY 2010 revenues and expenditures related to Measure A local streets and roads allocations; and 2) Forward to the Commission for final action. RCTC Budget and Implementation Committee Minutes September 27, 2010 Page 3 9. FISCAL YEARS 2011 /12 - 2012/13 SPECIALIZED TRANSIT'` CALL FOR PROJECTS Robert Yates, Multimodal Services Director, presented the FYs 2011 /12 - 2012/13 Specialized Transit Call for Projects, application development, and fund estimate. In response to Commissioner Terry Henderson's question regarding educating the transit operators on applying for funding, Robert Yates replied all of the agencies were interviewed and staff monitors the transit operators to support the federal requirements. He stated the operators receive the federal funds through the Riverside Transit Agency (RTA) and SunLine Transit Agency (SunLine). Additionally, a 2011 Call for Projects workshop will be scheduled in November 2010. In response to Commissioner Roger Berg's question on the federal requirements, Robert Yates discussed the 2009 Call for Projects and stated the federal requirements were not well defined. Since that time, the Commission went through a triennial audit with RTA and 'SunLine wherein the federal compliance requirements were better defined, specifically the administrative requirements. John Standiford, Deputy Executive Director, explained that due to several federal requirements, it adds to the administrative burden for the Commission, RTA, and SunLine. He stated the 2011 Call for Projects along with the awarded funding requests will come back to the Commission for approval. M/S/C (Henderson/Stone) to: 1) Approve the fund estimate of $6,872,914 for the FYs 2011 /12 - 2012/13 Specialized Transit Call for Projects (2011 Call for Projects); 2) Authorize staff to develop the application and scoring criteria to support the 2011 Call for Projects; 3) Authorize staff to advertise the availability of funding and to solicit project/service proposals from interested parties, agencies and operators; and 4) Forward to the Commission for final action. • RCTC Budget and Implementation Committee Minutes September 27, 2010 Page 4 10. COMMUTER ASSISTANCE PROGRAM AND FREEWAY SERVICE PATROL UPDATE Brian Cunanan, Commuter Assistance Manager, presented an update for the Commuter Assistance and Freeway. Service Patrol (FSP) programs, highlighting the following areas: • Commuter assistance, Inland Empire 511 (1E511), motorist aid, commuter rail, specialized trans, and transit; • Commuter ,assistance - Employer partnerships with 91 employers and 100,000 employees ridesharing; • Rideshare week and outreach - October 4 — 8; • FY 2009/10 Performance summary; • 1E511 update, outreach, and moving forward; and • FSP — Beats, tow trucks, coverage area, and moving forward. At this time, Steven Hernandez arrived at the meeting. In response to Commissioner Henderson's request for clarification about validating the form received by the commuter, Brian Cunanan replied the employers at the commuter's worksite must co-sign the submitted forms. In response to Commissioner Berg's question about the agency monitoring system for the FSP, Brian Cunanan replied it is the primary, responsibility of the California Highway Patrol (CHP). The CHP will notify the Commission if an issue arises with an FSP operator. M/S/C (Stone/Henderson) to: 1) Receive an update on the Commuter Assistance Program for the Rideshare Week, Inland Enquire 511 (1E511), and Freeway Service Patrol (FSP); and 2) Forward to the Commission for final action. 11. SUSPENSION OF DEPARTMENT OF MOTOR VEHICLE PAYMENTS TO THE COMMISSION John Standiford informed the Commission about the suspension of Department of Motor Vehicle (DMV) payments to the Commission for the call box program. He discussed the possibility of a budget framework and the impacts. • • • RCTC Budget and Implementation Committee Minutes September 27, 2010 Page 5 M/S/C (Henderson/Stone) to: 1) Receive and file a report on the suspension of Department of Motor Vehicle (DMV) payments to the Commission; and 2) Forward to the Commission for final action. 12. STATE AND FEDERAL LEGISLATIVE UPDATE Aaron Hake, Government Relations Manager, presented the bill position for H.R. 6150 (Gallegly). Commissioner Jeff Stone stated that while the Commission empathizes with the families from the Chatsworth incident, he expressed serious concern regarding the financial ramifications for Metrolink, the Commission, and the other member agencies of Metrolink if this bill passes. He suggested a strong letter of opposition is submitted to the Commission's congressional delegation. Commissioner Ron Roberts discussed the ongoing negotiations with the victim's families from the Chatsworth incident and the issues with H.R. 6150. He concurred with Commissioner Stone that a strong letter of opposition is submitted to the congressional delegation. Commissioner Henderson expressed strong concern for raising and retroactively imposing the liability cap. Commissioner Steve Adams concurred with the Commissioners' comments and stated if H.R. 6150 is approved, it will severely impact mass transit. Aaron Hake stated the Commission is not aware of other incidents since the Chatworth tragedy that could be wrapped up in this legislation. He said there are implications for high-speed rail or where there is shared rail use. Also, the railroad associations are speaking up quite vociferously. Commissioner Adams suggested the local jurisdictions also send letters of opposition. RCTC Budget and Implementation Committee Minutes September 27, 2010 Page 6 M/S/C (Adams/Stone) to: 1) Approve the following bill position: • H.R. 6150 (Gallegly) - Oppose Unless Amended; 2) Receive and file an update on state and federal legislative activities; and 3) Forward to the Commission for final action. 13. ITEM(S) PULLED FROM CONSENT CALENDAR AGENDA There were no items pulled from the Consent Calendar. 14. COMMENTS BY COMMISSIONERS/STAFF 14A. John Standiford announced: • The Governor signed AB 2098 (Miller) design -build authority for the SR-91 toll roads; • The Commission's Framework for a Journey 2009-2019 Delivery Plan, which was handed out to the Commissioners; and • Expressed appreciation to Commissioner Stone for attending the U.S. Fish and Wildlife Service award ceremony as the Commission was honored for the SR-79 realignment project. 15. ADJOURNMENT There being no further business for consideration by the Budget and Implementation Committee, the meeting was adjourned at 10:20 a.m. The next meeting of the Budget and Implementation Committee is scheduled for October 25, 2010 at 9:30 a.m. Respectfully submitted, H0.itamWr-- Jennifer Harmon Clerk of the Board • RIVERS/DE COUNTY TRANSPORTATION COMM/SS/ON DATE: November 22, 2010 TO: Budget and Implementation Committee FROM: Theresia Trevino, Chief Financial Officer THROUGH: John Standiford, Deputy Executive Director SUBJECT: Quarterly Sales Tax Analysis STAFF RECOMMENDATION: This item is for the Committee to: 1) Receive and file the sales tax analysis for Quarter 2 (Q2) 2010; and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: At its December 2007 meeting, the Commission awarded an agreement to MuniServices, LLC (MuniServices) for quarterly sales tax reporting services plus additional fees contingent on additional sales tax revenue generated from the transactions and use tax (sales tax) audit services. The services performed under this agreement pertain to only the Measure A sales tax revenues. Since the commencement of these services, MuniServices has submitted an audit update, which reported findings that have been generated and submitted to the State Board of Equalization (SBOE) for review and determination of errors in sales tax reporting related to 138 businesses. Through Q2 2010 for April through June 2010, the SBOE has approved corrections for 85 of these accounts for a total sales tax revenue recovery of $992,125. If the SBOE concurs with the error(s) for the remaining claims, the Commission would receive additional revenues; however, the magnitude of the value of the remaining findings was not available. It is important to note that while the recoveries of additional revenues will be tangible, it will not be sufficient to alter the overall trend of sales tax revenues. Additionally, MuniServices provided the Commission with the quarterly sales tax summary report for the second quarter of calendar 2010 for April through June 2010. Most of the Q2 2010 Measure A sales tax revenues was received by the Commission in the third quarter of calendar 2010, during July through September 2010, due to a lag in the sales tax calendar. The summary section of the Q2 2010 report is included as Attachment 1 and includes an overview of California sales tax receipts, local results, historical cash collections analysis, Agenda Item 7A 1 summary of the top 25 sales tax contributors, historical sales tax amounts, sales tax by business category, economic trends for a significant business category, and results. The following observations were noted in the Q2 2010 report: • Sales tax receipts for Riverside County were 7.2% higher compared to the Q2 2009 and comparable to the state's experience. This seems to support the prior quarterly report analysis that the economic decline was slowing and that there are signs of an economic recovery statewide and locally. • Taxable transactions for the top 25 tax contributors in Riverside County, which generated 24% of the taxable sales in Q2 2010, increased .9% compared to Q2 2009. For the top 100 tax contributors, which generated 38% of the taxable sales, the growth was 2.5%. • Over the last two-year period, the Q2 2010 sales tax levels continued to be at or near the low points for 7 of the top 10 economic segments; the levels for service stations and new auto sales improved by moving above the low points. Apparel sales reached a new high point during Q2 2010. • Over the last two-year period, the Q2 2010 sales tax levels for wholesale and retail building materials showed a significant variance from the high point, indicating that these segments continue to have been significantly affected by the recession. • Department stores, service stations, and restaurants continue to represent the three largest economic segments for Riverside County, although the there was a change in the second and third position. • The order of the top 10 economic segments has been consistent in the last two quarters' benchmark year comparisons. There had been some shifting of positions primarily in the bottom half of the tier during the 2009 quarterly comparisons. • When comparing the Q2 2010 benchmark year level to Q2 2008, the decrease over the two-year period is 20.7%, which is an improvement over the Q1 2010 to Q1 2009 decrease of 23.5%. • The transportation economic category was the only category with an increase (1.2%) in the Q2 2010 benchmark year comparison to Q1 2009. Construction and business to business, which comprised almost 26% of the sales tax receipts, continue to struggle with declines of 16.3% and 11.5%, respectively. During the review of the Q2 2010 detailed report with MuniServices, information regarding sales tax comparisons by city and change by economic category from Q2 2009 to Q2 2010 was provided, and is included as Attachment 2. The cities of Menifee and Wildomar are not presented due to lack of data. Agenda Item 7A • 2 • • Staff continues to monitor monthly sales tax receipts and other available economic data to determine the need for any additional adjustment to the revenue projections in FY 2010/11. Staff will utilize the forecast scenarios included with the complete report and recent trends in assessing such projections. Attachments: 1) Sales Tax Analysis for Q2 2010 2) Sales Tax Comparison by City for Q2 2010 to Q2 2009 Agenda Item 7A SDlocationLogo • • District of Riverside Co Rctc Sales Tax Digest Summary Collections through September 2010 Sales through June 2010 (2Q2010) ATTACHMENT 1 CALIFORNIA OVERVIEW For the second quarter in a row, California experienced sales tax growth. This quarter also marked the first quarter in years with all regions in California showing positive growth. Statewide sales tax receipts during July -September 2010 grew by 7.1% from the same three months in 2009. Northern California grew by 8.5% and Southern California grew by 6.4%. As for District of Riverside Co Rctc, its sales tax receipts changed by 7.2%from July -September 2009 to July -September 2010. CALIFORNIA'S FUTURE Expect General Retail sales to be flat in FY 2011 with growth between 3.5% and 4.5% through FY 2015. Sales tax from Services Stations will continue to be volatile. Construction will continue its drop during FY 2011 by close to 15% before growing by 2.5% per year through FY 2014. Food Products, which includes Restaurants, will grow with core CPI of 2.4% per year with price pressures upward of 3.5% in FY 2015. Auto sales will remain flat during FY 2011 until pent up demand will cause buyers, who will be seeking lower -priced vehicles, to increase purchases during FY 2012 and 2013 by 3%: County Pool receipts will follow the auto sales trends as third -party vehicle sales resume along with overall car sales volume. In order to establish an economic rebound, California needs job growth both locally and regionally to increase spending business travel. Housing prices must stabilize and register 5%growth to restore some levels of the wealth effect and to strengthen consumer confidence. A broader taxable base and a lower rate would provide better growth as well as a more stable source of sales tax revenues over time. LOCAL RESULTS Net Cash Receipts Analysis Local Collections Share of County Pool 0.0% Share of State Pool 0.0% SBE Net Collections Less: Amount Due County 0.0% Less: Cost of Administration Net 202010 Receipts Net 202009 Receipts Actual Percentage Change $29,828,704 $29,828,704 ($ ) ($347,300) $29,481,404 $27,492,009 7.2% www.Muni.Services.com 4(800) 800-8181 Page 1 i, District of Riverside Co Rctc Business Activity Performance Analysis Local Collections Less: Payments for Prior Periods Preliminary 2Q2010 Collections Projected,202010 Late Payments Projected 2Q2010 Final Results Actual 2Q2009 Results Projected Percentage Change HISTORICAL CASH COLLECTIONS ANALYSIS BY QUARTER $29,828,704 (52,076,921) $27,751,782 $1,085,715 $28,837,497 $27,924,996 3.3% 6 ea CG 540,000 —: S35,000 $30,000 525,000 S20,000 $15,000 $lo,ono $0 (In Thousands of Dollars) Q2008 2Q2008 3Q2008 4Q2008 1Q2009 2Q2009 3Q2009 4Q2009 1Q2010 2Q2010 ® Net Receipts -- —SBOE Admin Fees Due TOP 25 SALES/USE TAX CONTRIBUTORS The following list identifies Riverside Co Rctc's Top 25 Sales/Use Tax contributors. The list is in alphabetical order and represents the year ended July 2009 through June 2010.The Top 25 Sales/Use Tax contributors generate 23.9%of Riverside Co Rctc's total sales and use tax revenue. ALBERTSON'S FOOD CENTERS BEST BUY STORES CHEVRON SERVICE STATIONS CIRCLE K FOOD STORES COSTCO WHOLESALE DEPTOF MOTOR VEHICLES HOME DEPOT J C PENNEY COMPANY K MART STORES KOHL'S DEPARTMENT STORES LOWE'S HOME IMPROVEMENT MACY'S DEPARTMENT STORE MOBIL SERVICE STATIONS RALPH'S GROCERY COMPANY RITE AID DRUG STORES ROSS STORES SAM'S CLUB SEARS ROEBUCK & COMPANY SHELL SERVICE STATIONS STATER BROS MARKETS TARGET STORES VERIZON WIRELESS VONS GROCERY COMPANY WAL MART STORES WALGREEN'S DRUG STORES www.MuniServicescom (800) 800-8181 5 Page 2 • I, District of Riverside Co Rctc HISTORICAL SALES TAX AMOUNTS The following chart shows the sales tax level from sales through June 2010, the highs, and the lows for each segment over the last two years. (in Thousands of $) $/8,000. i-.—.. $16,000 ... __ _x: $14,000 f $12,000 $10,000 $8,000 $6,000 -j $4,000 -+- 52,aoo $O +� , - d7 ."+ ' sy z T -. S�o.ca`?� J<c a C-w�a a4'`' S`o1m S,rs -¢`a 35wx4 sera. `e5 � a SaQio,z octet. as¢N g 4Y5 c.... 0 4 OeQa2` sCl ll, et Q`\a t PQ 4It-CZ` )apoeC :+8 BENCHMARK YEAR SALES TAX BY BUSINESS CATEGORY 202010 102010 402009 302009 2Q2009 142009 442008 342008 202008 1 Q2008 (In Thousands of$) 2,432 2,462 2,51 2,5}61 .665 904 8 ® 202010 ra High Oa Low 1 i $0 $20000 $40000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000 ® General Retail IC Food Products ® Transportation IN Construction ME Business To Business al Miscellaneous www.MuniServices.com (800) 800-8181 6 Page 3 District of Riverside Co Rctc FIVE-YEAR ECONOMIC TREND BY QUARTER: Business To Business (In Thousands of $) $7,000 -_ -_ $6,000 ...... $5,000 $4,000 $3,000 $ 2,000 $1,000 $0 -1,0- - �s' bp-��6,&�dti6P-4)i� to° 01,-�dtic"�az°anti Qy`�p 91°b09 01a� �� 949. 5.1-%6Pti��O~o PER CAPITA BY BUSINESS SEGMENT This chart shows sales tax per capita from business segments from July 2009 through June 2010. STXLocat)onChar�7 www.M niServices.cam (800) 800-8181 7 Page 4 • District of Riverside Co Rctc FINAL RESULTS: January -March 2010 Sates Local Net Cash Collections Less: Pool Amounts Less: Prior Quarter Payments Add: late Payments Local Net Economic Collections after Adjustments Percent Change from January -March 2009 Sales MUNISERVICES' ON -GOING AUDIT RESULTS This Quarter $97,636 Total to Date $696,382 $28,027,761 ($495,470) ($1,640,822) $1,516,842 $28,099,251 UP BY .7% www.MuniServices.com (800) 800-8181 8 Page 5 U Southern California: Sales Tax Com arison r ril-June 2009 Sales to Aeril-June 2010 Sales ATTACHME .dicition - RANSPORTA.TJON Aurko 17"i' General Retail i. Food Products Trans; Const. Business to Business Misr. April -June Aprit-June %Chg Largest Gain 2nd LargestGain 2010 '2009 Total Total l i � „ ?. - ,? a ''., i l i t +^ - r , l ' :. ;; Largest Decline i 1 I 2nd Largest Decline RC'TC `,' y, 14°% -2,5 % , ;3 �'. m=2rb>b ,.. -n-4n -:r�8§ Y%ja61' ii, I7ii02 ;b� 't3%barw,'S,g`steIttohsit ir` j eutn zY' ,i,iawl: Restaurants ',' " ; .rig k 'Y IVERSIDE COUNTY DACHELLA VALLEY Cathedral City -6,9% -4,5% 16,2% -402% -4.9% 15.2°% 1,380,601 1,333,677 3.5°%Auto Sales - New Misc. Vehicle Sales BIdg.Matls-Whsle Restaurants Coachella 6.1% -4.4% 12,2% 0.9% 8.5% -10.3% 644,542 516,675 4.5% Service Stations Bldg,Matls-Retail BIdg.Matls-Whsle Restaurants Desert Hot Springs -3.9% -1.6% 23.9% -21 4% 7.3% -17.2% 209,916 202,378 3.7% Service Stations Auto parts/Repair Miscellaneous Retail BIdg.Matls-Retall Indian Wells 17, 6% -7,4% 7.9% 100+% -10.9% -66.0% 169,507 176,233 -3.8°% Miscellaneous Retail Misc. Vehicie Sales Restaurants Miscellaneous Other Indio 6.3% 4.8% 9.2% -10.4% -15.1% -38.7% 1,467,552 1,439,462 2.0% Auto Sales - New Service Stations Heavy Industry B1dg.Matls-Retail La Quinta 8.9% -24,3% 15.1°%u -1.4% -5,3% -9.2% 1,480,202 1,506,442 -1.7% Miscellaneous Retail Auto Sales - New Restaurants Department Stores Palm Desert 3.6% -1,6% 18.8% -10,4% -2.6% -7.6% 2,979,761 2,920,729 2.0% Department Stores Service stations Miscellaneous Retail BIdg.Mads-Whsle Palm Springs -4.3% 5,0°% 9.6% -6.7% 2.9% -14.9% 1,967,304 1,938,627 1.5% Service Stations Restaurants Department Stores BIdg.Matls-Retail Rancho Mirage •23.2% -2.3% 18.5% 3.4% 2.2% -32.5% 866,262 917,406 -5.6%Auto Sales - New Furniture/Appliance Drug Stores Health&Government 4LO VERDE VALLEY Blythe -19.0% -5.2% 9.3% 16.9% -12.4% -55.1% 332,459 340,405 -2.3% Service Stations BIdg.Matls-Whsle Florist/Nursery Energy Sales rESTERN COUNTY Banning -2.7% -6.9% .4.8% -75.2% -5.9% 113.8% 353,721 421,987 -16,2% Miscellaneous Other Auto Parts/Repair BIdg.Matls-Whsle Auto Sales - New Beaumont -8.0% -2.0% 65.9% -10.7% 4.3% -15.4% 721,030 682,689 5.6% Service Stations Auto Parts/Repair Department Stores BIdg.Matis-Retail Calimesa 93.5% 4.3% -6.9% -4.9°% -291% -37.6% 126,546 127,335 -0.6% Drug Stores Restaurants Misc. Vehicle Sales Light Industry Canyon Lake -7.6% -5.1% 123% 100+% •663% -44.6% 33,300" 28,272 17.8%Bldg. Malls-Whsle Liquor Stores Light Industry Restaurants Corona -0.9% 2.4% 11.0% -1.6% 0.8% 8.1% 6,092,081 5,967,939 2.1% Service Stations Food Processing Eqp Bldg.Matls-Whsle Furniture/Appliance Hemet -8.8% -0.7% 59.9% -7.9% 10.2% 12.9% 1,973,162 1,727,942 14.2%Auto Sales - New Service Stations Department Stores BIdg.Matls-Whsle Lake Elsinore 1,2% -1.0% 17.8% 1.2% 7.5°% 15.0% 1,489,654 1,408,749 5.7% Service Stations Auto Sales - New Apparel Stores Restaurants Moreno Valley 1.2'% 2.6°% 5.1% -5.7% 92.5% -29.3% 2,619,185 2,485,863 5.4% Business Services Service Stations Miscellaneous Retail Bldg.Matls-Retail Murrieta 9.5% 3.3% 6.0% -5.0% -8.4%, -2.6% 2,226,628 2,149,873 3.6%Furniture/Appliance Department Stores Auto Sales - New Heavy Industry Marco 3,2% -2.7% 17.5% 2.4% -1.2% 72.3% 892,311 827,608 7.8% Service Stations Aute Sales - New light industry BIdg.Matls-Whsle Perris -1,8% 0,7% 24.7% -12.8% 10.8% -7.6% 1,309,075 1,238,203 5.7% Service Stations Heavy Industry Bldg.Matls-Retail Miscellaneous Other Riverside -1.3°% -2,5% 15.4% -3.9% 7.8% -7,8% 9,087,590 8,708,020 4.4%Auto Sales - New Electronic Equipment Heavy industry Department Stores San Jacinto -4.1% 5.1% 12.7% --3.0% 32.1% -15.9% 472,485 458,533 3.0% Light Industry Food Markets Department Stores Miscellaneous Retail Temecula 2,0% -3,8% 9.0% .3.7% 24.5% 13.7% 5,310,808 5,063,144 4.9% Office Equipment Service Stations Restaurants BIdg.Matls-Whsle Wildomar -13.1% 6.3'% 12.9% -2.0% -12.8% -4.0% 260,155 246,417 5.6% Service Stations Restaurants Light Industry Florist/Nursery VINCORPORATED RIVERSIDE COUNTY Riverside County 7.9% 05% 10.0% -17.3% 0.3% -22.6% 6,107,425 5,983,285 2.1%Apparel Stores Service Stations BIdg.Matls-Whsle Department Stores MuniServices, LLC • • RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: November 22, 2010 TO: Budget and Implementation Committee FROM: Anne Hallberg, Accounting Supervisor THROUGH: Theresia Trevino, Chief Financial Officer SUBJECT: Quarterly Investment Report STAFF RECOMMENDATION: This item is for the Committee to: 1) Receive and file the Quarterly Investment Report for the quarter ended September 30, 2010; and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: Quarterly investment and cash flow reports are required by state law and Commission policy. The county of Riverside's Investment Report for the month ended September 30, 2010, is also attached for review. Attachments: 1) Quarterly Investment Report for the Quarter ended September 30, 2010 2) County of Riverside Investment Report for the Month Ended September 30, 2010 Agenda Item 7B 10 896'94e01.9 9 1V101 9 Lb'095'0Z eluawaal6V wewlssnul spunlenlnW leloy -qns 91.6'699'CZ pound uoge6N01uawwano0 uaouawy {snd lal+OW AauoW lueS sn :spund !enmity 899'9L9'E 31V1 1.1.e9Leln luawlsanul pod Awno° 90L'L LZ'SLP load Alunoo ESE'LCI'l slues 3dAl 1N O/193AM 03ZI21VWWfIS Ll am ,1 uodno0 oleo Alunlen AlunleIN 14 anIEA Jed euoN =lumen GOON :sasegomd 019Z'pc secpuo das pepus iayen0 ay{ io; suol{oesueil iuewlsanul 9SC'97L4 SS 6Z9'Z48'b£ V/N V/N LuVVVIouV 9Lb'b99'0Z %58'0 V/N NNVVV/L?JW-eaV LlZ'BLZ'bl V/N LuVVV/eeV 917£'2E9'179 V/N LaA/VVV/1.l11N-oeb' 9PE'LE9'b9 6LE'990'9lb sluawleanul pue yse3 ICJ 11/101 aniasew;gag/wood 13810Jd Puo9moms pun3 uoue61190luewweno0 ueouaLUV lslld 4181LIl9enW load eplSJOA16 to AM100 Sluawew6V luawlsanul lalpeey Aeuopy lueg-5fl 3AH3S3i11E130/SONnd 103PONd °NOS NOISSIWWOO lend ul PPM sPund MOWS pond uupepodeue/l pool pun3 luawlsanul palood sAunsewl Aluno0 1Sne1 NI Ol3H SONnd spun3 Bumped() INSPIPS V/N poles IoN 999'8LS'£ (dlV1) Pund luawlsanul Aoua6V leool V/N l♦/VVVV/LaW/eed 8SE'O9£'O Lb pund luawlsanul palood suamsea/y Alunoo V/N +9EE/EV ESE'LOL'L susode0 lueg leuopeN AUO sONOd ONLLPH3d0 (9901) 3nlVA 1900 Ailan1VW 31V0 31V0 3nlVn 3.M d'aS H01Id/SA000W 3f11VA HIVd NIVO 03711V3JNn 13512fVW 3SVH021114 010131A AlINn1VW 3SVH0Hnd 21Vd NOdn00 ONI1V21 OLOZ'OE Jagwwlag :papu3 pouad y/odaa opo;Nod yuaw{sanul uolsslLuwoO uogeylodsue/y /yunoo apls/anib • • • Statement of Compliance Nature of Investments Pr fouls OPoranew Funtis 50.64% [halt Rosorvo 3.30% Trust Funds 12.50% Portfolio In Vestment Typa i Mutual Funds t�R1Y 4'004o County Pool/Invsatmont 2.77% o County Pod/Coon_ 92.54 All of the above investments and any investment decisions made for the quarter ended September 30, 2010 were in full compliance with the Commission's investment policy as adopted on May 12, 2010. 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AS'lNNV9 NVOliNOH a33 00'000000'01 £d11XEC1E 1WAZ NNVB NVOI 3150H 03A 00 000'000'9 £132X£C LE NNVB NVOI 3150H 033.91H3 00'000L02"M .11.1'11504.6 NNVB' 1.103!l0 MA 033 00'000000'9 11,1 tf£k£ NNVB 1103i10 91115/303/ DO`000000'S 1913018E LE ONSLC N11581.10380 W2iV303A 00'002000'9 613901301E O+AtPNWA£ NNV81103210 15811303A 00'000000'01 £SXe KC LE 1110WWA5(611NV81Ja3210tNbV3a33 00'000'000'3 9E20 Kele 018'4 NNV13L9113N0158VA 033 00'000'0096 9disoteetf 17 w 19 ) I* . 2 .. .� .... � \\/ � /\e �§$ \^± \�) \ j\; � \\} ƒ Q J = w \/a }\-0 k\� R b \e- £ k \ § \ � k\\, ; \ \ \\/ . wme, 0 2 \ 21 • RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: November 22, 2010 TO: Budget and Implementation Committee FROM: Michele Cisneros, Accounting and Human Resources Manager THROUGH: Theresia Trevino, Chief Financial Officer SUBJECT: Amendment to Agreement for Actuarial Valuation Services with Bartel Associates, LLC 11 STAFF RECOMMENDATION: This item is for the Committee to: 1) Approve Agreement No. 07-19-112-01, Amendment No. 1 to Agreement No. 07-19-112-00, with Bartel Associates, LLC in an amount not to exceed $13,200 for actuarial valuation services as required by Governmental Accounting Standards Board (GASB) Statement No. 57, OPEB Measurement by Agent Employers and Agent Multi -Employer Plans; and • 2) Forward to the Commission for final action. BACKGROUND INFORMATION: • The requirements of GASB Statement No. 57 amend GASB Statement No. 45, Accounting and Financial Reporting by Employers for Postemployment Benefits Other than Pensions, and GASB Statement No. 43, Financial Reporting for Postemployment Benefit Plans Other than Pension Plans. This new statement will allow agent employers to use the alternative measurement method to produce actuarially based information for purposes of financial reporting. As a result of this change, the cost of compliance with the requirement of Statement No. 45 for eligible agent employers may be reduced while achieving an appropriate balance between the goals of reliable measurement of reported information and reasonable cost. In addition, the statement clarifies that when actuarially determined Other Postemployment Benefits (OPEB) measures are reported by an agent multiple - employer OPEB plan and its participating employers, those measures should be determined as of a common date and at a minimum frequency to satisfy the agent multiple -employer OPEB plan's financial reporting requirements. The provisions of GASB Statement No. 57 related to the use and reporting of the alternative measurement method are effective immediately; however, the Commission has not elected to use the alternative measurement method. The provisions related to the frequency and timing of measurements are effective for Agenda Item 8 23 actuarial valuations first used to report funded statusinformation in OPEB plan financial statements for periods beginning after June 15, 2011. In May 2006, the Commission retained Bartel Associates, LLC, actuarial consultants, to perform calculations of the Commission's postretirement health benefit liabilities. As a result of the new Statement No. 57, staff requested a cost proposal from Bartel Associates, LLC, which was reviewed by Commission staff and appear to be fair and reasonable. Staff is recommending approval of an amendment to Agreement No. 07-19-112-00 with Bartel Associates, LLC for an amount not to exceed $12,000, plus a 10% contingency, which represents a cost savings of $1,000 to the Commission from the previous valuation prepared as of June 30, 2009. The actuarial hourly rates for the June 30, 2011, remain the same as the June 30, 2009, valuation actuarial hourly rates. Financial Information In Fiscal Year Budget: [Yes Year: FY 2010/11 Amount: $12,000 $ 1,200 contin enc Measure A, Local Transportation Source of Funds: Funds, Motorist Assistance Funds, Budget Adjustment: No and Transportation Uniform Mitigation Fee Funds GL/Project Accounting No.: 001001 65520 00000 0001 101 19 65520 Fiscal Procedures Approved: \4 t�� jug Date: 11/10/10 Attachment: Agreement No. 07-19-112-01 with Bartel Associates, LLC Agenda Item 8 0 • 24 • • Agreement No. 07-19-112-01 AMENDMENT NO. 1 TO AGREEMENT FOR ACTUARIAL VALUATION SERVICES WITH BARTEL ASSOCIATES, LLC 1. PARTIES AND DATE This Amendment No. 1 to the P made and entered into as of this RIVERSIDE COUNTY TRANSPORTATIO ASSOCIATES, LLC ("Consultant"), a lir 2. RECITALS nt for Actuarlal Valuation Services is 201"_14 by and between the MISSION ("Commission") and BARTEL ibdrty company. 2.1 The Commission and flji . Consultant havg"i-iptered into an agreement dated Mardi 22,,,. 2007 r the pucpp;iof providing actuarial valuation 77 services for po3tr employenT,medical ;benefits under Governmental Accoufltl`ng Standards Boarfl` ASB) Statement No. 45 (the "Master Agreement';) Y,. 2� 2� The parties nov.desire to amtend the Master Agreement in order to provide additional 'compensation for the continued provision of actuarial_ valuation services. 3. TERMS 3.1 The Scope of Services for the Master Agreement shall be amended to include actuarial valuation services as required by GASB Statement No. 57, OPEB Measurement by Agent Employers and Agent Multi -Employer Plans set forth in Exhibit "A" attached to this Amendment. 3.2 Consultant shall perform the Services expeditiously within the term of the Master Agreement. 25 3.3 The maximum compensation to be provided under this Amendment No. 1 shall not exceed Twelve Thousand Dollars ($12,000). The total contract value of the Master Agreement and this Amendment No.1 shall not exceed Forty Three Thousand Five Hundred Dollars ($43,500), without written authorization from the Commission's Executive Director. 3.4 Except as amended by this Amendment No. 1, all provisions of the Master Agreement, including without " '.tation the indemnity and insurance provisions, shall remain in fu `fie and effect and shall govern the actions of the parties under thiiment. IN WITNESS WHEREOF, the parties date first herein above written t, r, RIVERSIDE COUNTY TRANSPORTATION COMMISSION M By: Best, Best & Krieger LLP General Counsel Name Title on the ASSOCIATES, LLC 0 • 10 • • EXHIBIT "A" Scope of Service, Schedule and Cost Proposal [See attached for Scope of Services, Schedule -.and Cost Proposal] 27 November 5, 2010 Michele Cisneros Accounting and Human Resources Manager Riverside County Transportation Commission 4080 Lemon Street, 3rd Floor P_O. Box 12008 Riverside, CA 92502-2208 Re: GASB 45 OPEB Actuarial Valuation Fee Estimate & Data Request Dear Ms. Cisneros: Bartel Associates would be pleased to provide the Riverside County Transportation Commission actuarial consulting services. This letter summarizes the project scope and our fee estimate for a June 30, 2011 actuarial valuation for the Commission's retiree healthcare plan. Background • Bartel Associates prepared a January 1, 2009 valuation for the 2009/10 and 2010/11 fiscal years. Ca1PERS generally requires valuations are prepared every 2 years Beginning in 2011, Ca1PERS will also require valuations as of June 30 of each odd numbered year for CERBT GASB 43 reporting. The Commission will therefore be required to provide Ca1PERS with a June 30, 2011 valuation. CaIPERS staff has indicated that they do not expect they will require a January 1, 2011 valuation. The June 30, 2011 valuation then would be used for the 201 l /12 and 2012/13 fiscal years. Assuming this valuation is prepared when the June 30, 2011 CERBT asset information is available (August 2011) the 2011 /12 ARC will not be known until after the fiscal year has begun. • Estimated Fees Our fee to prepare a GASB 45 valuation of the Commission's retiree healthcare plan as of June 30, 2011 will be approximately $11,000 including CERBT documents and one meeting to discuss the valuation results. While our fee estimate represents the likely cost of the valuation, it is possible that the valuation may require additional time. We understand the Commission's budgeting needs and agree not to bill more than $12,000 for the June 30, 2011 valuation unless the project scope changes. Additionally, the Commission may choose to have a valuation as of January 1, 2011 which can be used for the 2011/12 fiscal year, and enable the June 30, 2011 valuation to be used for the 2012/L3 and 2013/14 fiscal years. This approach would allow the Commission time to budget for ARC's in advance of the fiscal year. To reduce the Commission's valuation fee for the January 1, 2011 valuation, we recommend that the same participant census data be used for both valuations. Our estimated fee for the additional January 1, 2011 valuation will be approximately $6,000 with a not -to -exceed of $7,000. 411 Sorel Avenue, Suite 101 • San Mateo, California 94402 maim 6501377-1600 • fax.-.6501345-8057 • web: www.bartel-associates.com KPI Michele Cisneros mm) November 5, 2010 Page 2 (BA Please note that our fee estimate assumes that: ■ We will bill the Commission at the following hourly rates: Partner $250 - $340 Assistant Vice President $200 - $225 Senior Actuarial Analyst $150 Actuarial Analyst $125 Administrative Support $75 ■ The Commission has made no changes to its retiree healthcare plan or healthcare providers since the last actuarial valuation as of January 1, 2009. ■ Participant census data requested will be provided completely and accurately in an Excel spreadsheet with one record per participant. ■ Costs and liabilities will be provided using one funding method and one set of assumptions. We will, however, include the effect of changing the Ca1PERS demographic assumptions to those based on the new Ca1PERS 1997-2007 experience study. ■ The Commission has not changed its contribution policy since the January 1, 2009 valuation. ■ All plan and financial information requested will be provided and is internally consistent. ■ We will estimate components of the Unfunded Actuarial Accrued Liability gain or loss since the last valuation. ■ GASB 45 costs and liabilities will be presented for the plan as a whole with no breakdowns for employee groups. ■ We will have one meeting with the Commission to review the valuation results and will provide a preliminary valuation results discussion outline for the meeting. The discussion outline will summarize the plan provisions, census data, actuarial methods and assumptions, and the valuation results. ■ We will provide the actuarial certification, funding policy certification, and Excel valuation information spreadsheet required by Ca1PERS for CERBT funding along with a certified final results discussion outline. ■ There will be no additional charges for expenses (e.g., travel, telephone, copying, etc.). The hourly rates listed above include our costs for these items. ■ We will invoice the Commission monthly based on time incurred, subject to the above maximum fees. Please note that our fee estimate will be higher if: ■ The Commission had changed its retiree healthcare plan design or has changed healthcare providers since the January 1, 2009 actuarial valuation. ■ Participant census data is not complete, accurate, and free from internal inconsistencies or is not provided in an Excel spreadsheet with one record per participant. ■ Plan and financial information is not provided as requested or is not complete and internally consistent. ■ Results are needed separately for employee groups. ■ Results are needed for additional assumptions, funding methods, contribution policies, or alternative plan designs. ■ The Commission requests additional meetings. We will base our fee for additional meetings on our billing rates and the time needed for the meetings and preparation. For example, a 2-hour meeting where we can use our discussion outline with no additional preparation would cost about $500. 0 411 Borel Avenue, Suite 101 • San Mateo, California 94402 main:650/377-1600 •fax: 6501345-8057 •web: www.bartel-associates.com 29 • Michele Cisneros November 5, 2010 (7B/q) Page 3 The Commission requests a formal valuation report, an executive summary, or a draft financial statement footnote. We estimate that our fees would be $1,500 for a formal valuation report, $1,500 for an executive summary, and $750 for a draft financial statement footnote. Data Requirements In order for us to begin the GASB 45 valuation, please provide: ■ Summary of plan provisions. ■ Total pay-as-you-go costs for the 2009/10 fiscal year. ■ The Commission's June 30, 2009 and June 10, 2010 OPEB CAFR footnote and required supplementary information. ■ The Commission's last monthly CalPERS health premium invoice. (Please remove any Social Security numbers.) ■ Plan asset information: • All quarterly and annual trust statements received from CalPERS CERBT since June 30, 2008. • Contributions and dates made and expected to be made for 2008/09 and 2009/10. ■ Active and retired participant data in electronic format (Excel workbook): • Active Data - name, employee number, gender, birth date, hire date, medical, single/2-party/family coverage„ total CaIPERS service including service at other agencies (if available), bargaining or employee group, benefit group (dollar cap or vesting schedule), and annual PERSable compensation. Indicate the pay period for the compensation reported. Include any active • employees who have waived healthcare coverage. • Retiree Data - name, employee number, gender, birth date, hire date, retirement type (service retirement, disability retirement, surviving spouse), retirement date, medical plan, single/2- party/family coverage, bargaining or employee group, benefit group (dollar cap or vesting schedule), spouse's birth date (if available), portion of premium paid by the Commission, and portion of premium paid by the retiree. Include any retirees or surviving spouses of retirees who have waived coverage. • The Commission should request a copy of its CalPERS PEMHCA database by downloading and submitting the CaIPERS "GASB 45 Data Extract Request and Non -Disclosure Agreement" and the "GASB 45 Data Extract Receiving Party Sending Electronic Information Agreement" from the CaIPERS website. This data extract may be helpful to the Commission in assembling the requested employee census information, including retirees who waived coverage. If the Commission wants us to use the CalPERS data extract for the valuation, it should (1) add PERSable compensation to each active record, (2) add bargaining unit or employee group to each active and retiree record if results are needed by employee group, (1) remove any retirees who are not eligible to participate in the Commission's retiree healthcare plan, for example, if they did not retiree directly from the Commission, and (4) make any additions or deletions necessary to make the file current as of the valuation date. 0 • In order to maintain confidentiality, do not provide Social Security numbers for the employee number. We will not accept any files that contain Social Security Numbers. • Our fee estimate assumes that the Commission will merge and reconcile all data files and provide one census file with one complete record for each employee and eligible retiree. If the Commission needs our help to merge and reconcile data, our fees will be higher. We may need additional data, depending on our review of the Commission's retiree medical plan design. 411 Borel Avenue, Suite 101 • San Mateo, California 94402 main: 6501377-1600 • fax: 650/345-8057 -web: www,bartel-associates.com 30 Michele Cisneros • November 5, 2010 Page 4 Timing We are prepared to begin this project immediately. Normally, the valuation results meeting is set about 4- 6 weeks after we receive all the requested information and the Commission replies to any questions we may have after our initial review of the requested data. We look forward to continue working with you and the Commission. Please call (650-377-1602) with any questions regarding this letter. Sincerely, T On`6' Doug Pryor Vice President c: John Bartel, Bartel Associates, LLC c1dougs stufftprospectsViverside county transportation commission1201 Aba rctc 10-06-30 opeb garb 45 10-11-04 fm letter.doc • 411 Borel Avenue. Suite 101 • San Mateo, California 94402 main: 6501377-1600 • fax: 6501345-8057 • web: www.bartel-associates.com 31 • 0 • RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: November 22, 2010 TO: Budget and Implementation Committee FROM: Shirley Medina, Programming and Planning Manager THROUGH: Cathy Bechtel, Project Development Director SUBJECT: County of Riverside Funding Request for State Route 79 Widening Project STAFF RECOMMENDATION: This item is for the Committee to: 1) Approve Agreement No. 10-72-035-01, Amendment No. 1 No. 10-72-035-00, with the County of Riverside (County) Route 79 widening project, Thompson Road to Domenigoni increase of $5 million in the 1989 Measure A Highway funds; 2) Authorize the Chair, pursuant to legal counsel review, to agreement on behalf of the Commission; and 3) Forward to the Commission for final action. BACKGROUND INFORMATION. to Agreement for the State Road for an execute the At its December 2009 meeting, the Commission approved reprogramming $2.1 million of 1989 Measure A Western County highway funds from the SR-60/Valley Way interchange project to the SR-79 widening project from Thompson Road to Domenigoni Road. The $2.1 million savings resulted from the low bid on the SR-60/Valley Way project. The reprogramming of funds was approved by the Commission as the SR-79 widening project is also a 1989 Measure A highway project. The County has requested an additional $5 million to complete right of way activities. Staff recommends approval of this $5 million request as there are sufficient funds available from the 1989 Measure A Western County Highway fund. The SR-79 widening project is currently scheduled to begin construction by fall 2011. Agenda Item 9 32 Given that there is an existing agreement with the County for the SR-79 widening , project that includes 1989 Measure A Western County Highway funds, staff recommends the Commission approve the amendment to Agreement No. 10-72-035-00, to increase the 1989 Measure A Western County Highway funds from $2.1 million to $7.1 million. Financial Information In Fiscal Year Budget: No Year: FY 2010/11 Amount: $5,000,000 Source of. Funds: 1989 Measure A Western County Hi hway Funds Budget Adjustment: Yes;- GL/Project Accounting No.: 005114 81401 00000 0000 222 31 81401 Fiscal Procedures Approved: y�g,� Date: 11/10/10 Agenda Item 9 33 • RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: November 22, 2010 TO: Budget and Implementation Committee FROM: Shirley Medina, Programming and Planning Manager THROUGH: Cathy Bechtel, Project Development Director SUBJECT: Annual Local Transportation Fund Planning Allocation to Western Riverside Council of Governments for Fiscal Year 2010111 STAFF RECOMMENDATION: This item is for the Committee to: 11 Approve an allocation of Local Transportation Fund (LTF) Planning funds in the amount of $433,125 to the Western Riverside Council of Governments (WRCOG) to support transportation planning programs and functions as identified in the FY 2010/1 1 LTF Program Objectives/Work Plan (Work Plan); and 2) Forward to the Commission for final action. • BACKGROUND INFORMATION. • Pursuant to Section 99233.2 of the Transportation Development Act (TDA), Code of Regulations, up to 3 percent of the annual TDA revenues shall be allocated for transportation planning and programming purposes. The TDA also requires one half of these funds to be allocated for planning activities within the Western Riverside County and the Coachella Valley areas as determined by the Commission. The WRCOG submitted its Work Plan that identifies two key program areas — Air Quality and Planning programs and Regional Transportation programs. Staff reviewed the Work Plan and finds it consistent with the Commission's overall transportation program and planning objectives. The amount of TDA funding available to WRCOG is $433,125 and is included in the Commission's FY 2010/11 budget. Agenda Item 10 34 Financial Information In Fiscal Year Budget: Yes Year: FY 2010I11 Amount: $433,125 Source of Funds: LTF Budget Adjustment: No GL/Project Accounting No.: 002210 86205 00000 0000 106 65 86205 Fiscal Procedures Approved: � Date: 11/10/10 Attachment: WRCOG FY 2010111 LTF Program Objectives/Work Plan Agenda Item 10 0 35 WRCOG Fiscal Year 2010/2011 Local Transportation Funds program Objectives The Work Plan for FY 2010 is divided into two program areas: 1. Air Quality and Planning Programs Environmental Protection Agency (EPA) and California Air Resources Board Department of Energy (DOE) and California Energy Commission South Coast Air Quality Management District (SCAQMD) Southern California Edison Southern California Associations of Governments Air Quality, Energy Efficiency and Sustainability: These programs include staff time to: support the Air Quality Task Force, the Clean Cities Program and programs that WRCOG is developing to reduce emissions through energy efficiency and water conservation; continued • participation in the National Clean Cities Program; assist in the purchase of alternative fuel vehicles and the development of the supporting infrastructure; review and analyze state and federal legislation; This years program WRCOG track and participate in energy efficiency legislation and programs that will assist in the implementation of AB 32, and SB 375. WRCOG will continue to participate in regional air quality meetings and in EPA and Air resources Board hearings; to provide outreach to our jurisdictions regarding SCAQMD rule making; 36 Planning: This program includes: staff time to coordinate with the grant partners to implement the Caltrans 1-15 Interregional Partnership Grant Phase III, which is to: build on the Cluster Analysis from Phase II to focus on specific industry clusters, develop economic development strategies to create jobs in the local southwest Riverside county and North San Diego County. 2. Regional Transportation Programs Riverside County Transportation Commission Riverside Transit Agency (RTA) Caltrans Southern California Association of Governments TUMF: This program includes staff time to administer the TUMF Program which includes but is not limited to: program contract/agreement administration; public outreach/information; the ,Annual Report; signage program TUMF Zone TIP development and amendments; prepare the annual audit; preparation of annual adjustment for construction costs; maintain TUMF data base of fee collections and disbursements; work with developers on credit and reimbursement agreements; develop and maintain a GIS database to support the Program. Miscellaneous and GIS: This Program includes staff time and project management to: cooperate with the County of Riverside and the RCA, participate with the local jurisdictions and regional partners GIS coverage analysis; develop databases and provide analysis and mapping to support RCTC's rail, STIP, TUMF and transit programs and projects; provide land use, population and employment and other GIS information to local and regional agencies, Caltrans, and other state agencies; legislative review and analysis. Riverside Transportation Commission Programs: These programs include staff time and project management to assistance in transportation planning and air quality programs to include: participation in TUMF Program tasks as needed to assist RCTC in the implementation of the Regional TUMF Program; participate in evaluation committees as requested; and other planning related tasks as determined in consultation with the RCTC Executive Director. • • s 37 C� RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: November 22, 2010 TO: Budget and Implementation Committee FROM: Aaron Hake, Government Relations Manager THROUGH: John Standiford, Deputy Executive Director SUBJECT: 2011 State and Federal Legislative Platforms STAFF RECOMMENDATION: This item is for the Committee to: 1) Approve the 2011 State and Federal Legislative Platforms; and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: At the beginning of every new session of the Legislature and Congress, the • Commission adopts a legislative platform that outlines the policy priorities and lobbying initiatives that the Commission will undertake. The platform allows staff, Commissioners, and contract lobbyists to take positions on proposed legislation, regulations, and other actions of the state and federal government. The platform is intended to be somewhat broad since it is not always possible to anticipate every legislative issue that will arise. This document will provide a general roadmap. C� Commission staff recommends the 2011 State and Federal Legislative Platform read as follows: State Legislative Program Specific programs and initiatives of high interest to the Commission: • SB X2 4 (Cogdill) Public -Private Partnership and Design -Build pilot programs; • Proposition 1 A High Speed Rail Bond Act implementation; • Proposition 1 B program implementation; • State Budget; and • Impact of Propositions 22 and 26. In general, the Commission will take positions on legislation, policy proposals, administrative actions, or any other act of state government according to the following policy positions: Agenda Item 11 0 I. Preserving current legislative authority for the Commission • Act to protect the Commission's current authority to implement express toll lanes on Interstate 15 and State Route 91 and to use best value design -build for the SR-91 Corridor Improvement Project (SR-91 CIP). • Oppose any state action that creates additional hurdles or risks to delivering the 1-15 or SR-91 CIP. ll. Enhancements of transportation project delivery • Support efforts to expand the use of design -build, public -private partnerships, and other financing and delivery mechanisms that increase investment in transportation, accelerate projects, and provide innovation and flexibility. • Support any state action to streamline project approvals that result in time and cost savings. III. Accountability and commitment to California voters. • • Transparency and accountability in the administration of all state funding. • Allocation of Proposition 1 B based on objective criteria focused on congestion relief, benefits to the public, and cost vs. benefit analysis. • Maintain funding levels to be generated by the 2010 fuel tax swap and honor the will of the voters in the passage of Proposition 22. III. Reduce congestion and harmful emissions by supporting funding for alternate transportation modes and air quality programs. • Ensure a fair share of funding for intercity, commuter, and high-speed rail comes to Southern California and Riverside County via state funds or federal grants sought by the state. • Support AB 2766 vehicle license fee funding in the South Coast Air Basin to local jurisdictions and the Mobile Source Air Pollution Reduction Committee (MSRC); support MSRC's role as an independent decision -making body. Agenda Item 11 s 39 • • Incentives to employers that enhance or create transit reimbursement or ridesharing programs. • Incentives for taxpayers who utilize alternative fuels. IV. Support the California economy and the Inland Empire's quality of life through increased funding for goods movement projects. • Support permanent increases in state funding levels available for grade separations and goods movement mitigation projects. • Partner with regional transportation agencies to achieve common objectives. V. Support policies that recognize and reward local governments for committing local dollars to transportation projects. Federal Legislative Program The Commission will focus on two key projects that require action by the federal government: • Receive a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan or some form of low-cost credit assistance from the U.S. Department of Transportation (U.S. DOT) for the SR-91 CIP. • Continued progress with the Federal Transit Administration on the Perris Valley Line Metrolink Extension. In general, the Commission will support the following federal policies: I. Protect and enhance current funding levels for transportation programs. Riverside County and California should be treated fairly. • At minimum, maintain current transportation funding levels. • Maintain the "trust" in the Highway Trust Fund. Congress should not erode the integrity of the firewall between the Highway Trust Fund and the General Fund. • As a self-help county, ensure a fair share for Riverside County of any federal funding made available for transportation programs and projects. Agenda Item 11 • Ensure a fair share and equitable rate of return for the state of • California of federal transportation funding. While California will likely remain a "donor" state, every effort must be made to raise the current percentage of return in federal tax revenues that are generated in the state. • California and the western states should receive a fair share of the AMTRAK funding resources as compared to the North East Corridor. H. Provide long-term funding and policy stability • For the sake of economic recovery, job creation, traffic relief, and environmental stewardship, Congress and the President should pass a new multi -year surface transportation authorization bill as quickly as possible. • Extensions of the current program, if necessary, ,should provide predictability and stability; short-term extensions should be avoided if there is little chance that a new authorization bill will be passed. III. The federal government should act swiftly to provide financing mechanisms • that reward local transportation investment. • While creation of a new "infrastructure bank" may be a promising idea, priority should be given to expanding funding for current lending programs that have proven successful such as TIFIA. This will save time and complications related to creating new bureaucracies while economic and traffic relief is needed immediately. • The TIFIA program should be significantly expanded and the maximum loan amount should be lifted from 33% to at least 50% of a projects cost. • The U.S. DOT should approve TIFIA projects that represent all modes of transportation, including highways, giving priority to projects that are backed by voter -approved funding mechanisms and are sponsored by agencies with high credit ratings. • The federal government should remove barriers to delivering and financing projects funded by voter -approved local sales tax measures such as Measure A or other "self-help" mechanisms such as Transportation Uniform Mitigation Fee (TUMF). Agenda Item 11 41 • IV. Federal policy should be a balance among highways, transit, freight modes and urban, rural and suburban areas. • Policies towards livability and sustainability must address the unique characteristics and practical realities of rural, suburban, and growing regions. • One mode of transportation must not be funded at the expense of another; there must be a balance of policy between highways, transit, freight, and intercity rail. Every area of the nation must be treated according to its unique needs and characteristics. There is no one -size -fits -all policy. • Discretionary programs should fund a balance of types of projects. • Congress should not mandate greenhouse gas reductions or other environmental or energy -saving measures without commensurate funding and policy flexibility for public transportation and other mobility services that will help achieve federal goals. • Congress should approve specialized funding for goods movement projects of international and national significance that are beyond the funding ability or responsibility of local and state agencies. 0 • Congress should approve tax benefits and/or incentives for transportation demand management programs and alternative fuel programs to promote the use of alternate modes of transportation. • Congress should approve increased federal funding for Alameda Corridor East improvements with a special emphasis on ensuring funding for Riverside County highway/rail grade separations. V. Protect and enhance flexibility in use of transportation revenue. • In general regional agencies with responsibility for implementing transportation projects should be given maximum deference to fund projects that have been approved by voters and reflect local and regional priorities. • The Commission supports, in general, legislation that ensures coordination of transportation and social service agency funding (i.e. Departments of Aging, Rehabilitation, and Welfare). Agenda Item 11 42 • • The Commission supports, in general, legislative or administrative policies that promote a regional approach to airport development in Southern California, as well as funding flexibility for ground access to major airports. VI. Provide transparency, reduce or eliminate costly and duplicative administrative and regulatory requirements. • Administrative or legislative action to ensure consistency among the federal and the state's congestion management program requirements. • Allow tolling projects with existing federal agreements to proceed without additional oversight or bureaucracy. In general, for tolling projects funded and managed locally, federal rules should defer to regional and state authority. • Simultaneous review of reports and studies should become standard practice. • The Commission will support reforms that result in cost savings to environmental clearance processes for transportation construction • projects. • Streamlining of federal reporting/monitoring requirements should be more efficient, data collected should avoid unnecessary and/or duplicative requirements. • U.S. DOT should be transparent in sharing written evaluations of applications for discretionary funding. Vill. Focus on wise investments in rail • Commuter and intercity rail safety, including positive train control, should be a funding priority for U.S. DOT. • High-speed rail funding should allow for connectivity improvements that enhance the existing system's ability to interface with new high speed rail routes. • Congress should make it easier for public agencies to negotiate shared use agreements with private railroads to enable the growth of traffic -reducing, environmentally -friendly commuter rail service. Agenda Item 11 • 43 • IX. Work together with local, regional, statewide, and national partners 0 �J • Support the efforts of transportation advocacy groups such as: Mobility 21, Self -Help Counties Coalition, Coalition for Americas Gateways and Trade Corridors, American Public Transportation Association, California Transit Association. • Coordinate with cities, the County, and transit agencies on advocacy strategies and project funding requests of common concern. Agenda Item 11