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02 February 28, 2011 Budget & implementation
90616 RECORDS RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE MEETING AGENDA TIME: 9:30 a.m. DATE: Monday, February 28, 2011 LOCATION: BOARD ROOM County of Riverside Administrative Center 4080 Lemon Street, First Floor, Riverside 42P- COMMITTEE MEMBERS -es. 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 Ella Zanowic / Jeff Hewitt, City of Calimesa Mary Craton / Barry Talbot, City of Canyon Lake Steven Hernandez I Eduardo Garcia, City of Coachella Larry Smith / Robert Youssef, City of Hemet Douglas Hanson / Patrick Mullany, City of Indian Wells Bob Magee / Melissa Melendez, City of Lake Elsinore Rick Gibbs / Kelly Bennett, City of Murrieta Scott Hines / Gordon Moller, City of Rancho Mirage 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 1:51- STAFF 'ed Anne Mayer, Executive Director Theresia Trevino, Chief Financial Officer 4P. AREAS OF RESPONSIBILITY A 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. /f you wish to provide comments to the Committee, please complete and submit a Speaker Card to the Clerk of the Board. 11.36.06 " " 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 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 w w w . r c t c . o r g A G E N D A * * A c t i o n s m a y b e t a k e n o n a n y i t e m l i s t e d o n t h e a g e n d a 9 : 3 0 a . m . M o n d a y , F e b r u a r y 2 8 , 2 0 1 1 B O A R D R O O M C o u n t y 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 , F i r s t F l o o r R i v e r s i d e , C a l i f o r n i a I n c o m p l i a n c e w i t h t h e B r o w n A c t a n d G o v e r n m e n t C o d e S e c t i o n 5 4 9 5 7 . 5 , a g e n d a m a t e r i a l s d i s t r i b u t e d 7 2 h o u r s p r i o r t o t h e m e e t i n g , w h i c h a r e p u b l i c r e c o r d s , r e l a t i n g t o o p e n s e s s i o n a g e n d a i t e m s , w i l l b e a v a i l a b l e f o r i n s p e c t i o n b y m e m b e r s o f t h e p u b l i c p r i o r t o t h e m e e t i n g a t t h e C o m m i s s i o n o f f i c e , 4 0 8 0 L e m o n S t r e e t , T h i r d F l o o r , R i v e r s i d e , C A , a n d o n t h e C o m m i s s i o n ' s w e b s i t e , w w w . r c t c . o r q . I n c o m p l i a n c e w i t h t h e A m e r i c a n s w i t h D i s a b i l i t i e s A c t a n d G o v e r n m e n t C o d e S e c t i o n 5 4 9 5 4 . 2 , i f y o u n e e d s p e c i a l a s s i s t a n c e t o p a r t i c i p a t e i n a C o m m i t t e e m e e t i n g , p l e a s e c o n t a c t t h e C l e r k o f t h e B o a r d a t ( 9 5 1 ) 7 8 7 - 7 1 4 1 . N o t i f i c a t i o n o f a t l e a s t 4 8 h o u r s p r i o r t o m e e t i n g t i m e w i l l a s s i s t s t a f f i n a s s u r i n g t h a t r e a s o n a b l e a r r a n g e m e n t s c a n b e m a d e t o p r o v i d e a c c e s s i b i l i t y a t t h e m e e t i n g . 1 . C A L L T O O R D E R 2 . P L E D G E O F A L L E G I A N C E 3 . R O L L C A L L 4 . P U B L I C C O M M E N T S - E a c h i n d i v i d u a l s p e a k e r i s l i m i t e d t o s p e a k t h r e e ( 3 ) c o n t i n u o u s m i n u t e s o r l e s s . T h e C o m m i t t e e m a y , e i t h e r a t t h e d i r e c t i o n o f t h e C h a i r o r b y m a j o r i t y v o t e o f t h e C o m m i t t e e , w a i v e t h i s t h r e e m i n u t e t i m e l i m i t a t i o n . D e p e n d i n g o n t h e n u m b e r o f i t e m s o n t h e A g e n d a a n d t h e n u m b e r o f s p e a k e r s , t h e C h a i r m a y , a t h i s / h e r d i s c r e t i o n , r e d u c e t h e t i m e o f e a c h s p e a k e r t o t w o ( 2 ) c o n t i n u o u s m i n u t e s . A l s o , t h e C o m m i t t e e m a y t e r m i n a t e p u b l i c c o m m e n t s i f s u c h c o m m e n t s b e c o m e r e p e t i t i o u s . I n a d d i t i o n , t h e m a x i m u m t i m e f o r p u b l i c c o m m e n t f o r a n y i n d i v i d u a l i t e m o r t o p i c i s t h i r t y ( 3 0 ) m i n u t e s . S p e a k e r s m a y n o t y i e l d t h e i r t i m e t o o t h e r s w i t h o u t t h e c o n s e n t o f t h e C h a i r . A n y w r i t t e n d o c u m e n t s t o b e d i s t r i b u t e d o r p r e s e n t e d t o t h e C o m m i t t e e s h a l l b e s u b m i t t e d t o t h e C l e r k o f t h e B o a r d . T h i s p o l i c y a p p l i e s t o P u b l i c C o m m e n t s a n d c o m m e n t s o n A g e n d a I t e m s . Budget and Implementation Committee February 28, 2011 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 -NOVEMBER 22, 2010 6. ELECTION OF OFFICERS Overview Page 1 This item is for the Committee to conduct an election of officers for 2011 - Chair and Vice Chair. 7. 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 tothe 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.) 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. 8A. QUARTERLY INVESTMENT REPORT Overview This item is for the Committee to: Page 2 1) Receive and file the Quarterly Investment Report for the quarter ended December 31, 2010; and 2) Forward to the Commission for final action. • Budget and Implementation Committee February 28, 2011 Page 3 8B. QUARTERLY SALES TAX ANALYSIS Overview This item is for the Committee to: Page 18 1) Receive and file the sales tax analysis for Quarter 3 (Q3) 2010; and 2) Forward to the Commission for final action. 8C. QUARTERLY FINANCIAL STATEMENTS Overview This item is for the Committee to: Page 26 1) Receive and file the Quarterly Financial Statements for the period ended December 31, 2010; and 2) Forward to the Commission for final action. 9. PROPOSED POLICY GOALS AND OBJECTIVES FOR FISCAL YEAR 2011/12 BUDGET Overview This item is for the Committee to: Page 33 1) Approve the proposed Commission Policy Goals and Objectives for the FY 2011/12 Budget; and 2) Forward to the Commission for final action. 10. CITY OF BEAUMONT'S BICYCLE TRANSPORTATION PLAN Overview This item is for the Committee to: Page 42 1) Approve the city of Beaumont's adopted Bicycle Transportation Plan as submitted; and 2) Forward to the Commission for final action. • Budget and Implementation Committee February 28, 2011 Page 4 11. CITY OF MORENO VALLEY'S AMENDED BICYCLE TRANSPORTATION PLAN • Page 44 Overview This item is for the Committee to: 1) Approve the city of Moreno Valley's amended Bicycle Transportation Plan as submitted; and 2) Forward to the Commission for final action. 12. STATE AND FEDERAL LEGISLATIVE UPDATE Overview This item is for the Committee to: Page 46 1) Approve the following bill positions: • AJR 4 (Miller) - Support; • H.R. 526 (Calvert) - Support; • H.R. 304 (Gallegly) Oppose and Work with Author; 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 14. COMMISSIONERS / STAFF REPORT Overview This item provides the opportunity for the Commissioners and staff to report on attended and upcoming meeting/conferences and issues related to Commission activities. 15. ADJOURNMENT AND NEXT MEETING The next budget and Implementation Committee meeting is scheduled to be held at 9:30 a.m., Monday, March 28, 2011, Board Chambers, First Floor, County Administrative Center, 4080 Lemon Street, Riverside. • • RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE SIGN -IN SHEET FEBRUARY 28, 2011 NAME AGENCY E MAIL ADDRESS s01et�sti-Pti ci f � es,11�® cilyeaeove.d, :S U�- �ry D R paceoy� •4:3t.,ATS /7ir O �ni'E cu ea} P'Sio a �- �� -. 'l�/tS f ,,,., x Sys . 4,,,dF J .'-VI-7 � 6 s q �FM two t a. /� Gr ITs1 iP Cat.e.; /ls.ve W A. E-1 4-4 L AP- aav L . dr/ tc4 6.'/p4&s nv,2a r k //keuCam.. j��G �3�n� t-PI�,,\r �6vi i_as P-�s 0(Q Lrtz 1olin �( el1x I_ of ovAlco.sonca. cLA... �v+t.oe I-kiulculc6I_ C© G _ RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE ROLL CALL FEBRUARY 28, 2011 Present Absent County of Riverside, District II O O County of Riverside, District III 121` O City of Beaumont ,0f O City of Calimesa ,02' O City of Canyon Lake 2r O City of Cathedral City O City of Coachella .ivedi G ••39 a.m. of Desert Hot Springs � O City of Hemet )7r O City of Indian Wells •Pr. O City of Lake Elsinore 0 .2` City of Murrieta ,2r O City of Rancho Mirage O Er City of Riverside ,2r O City of Temecula ,2r O AGENDA ITEM 5 MINUTES " " 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 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 o n d a y , N o v e m b e r 2 2 , 2 0 1 0 M I N U T E S 1 . C A L L T O O R D E R T h e m e e t i n g o f t h e 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 w a s c a l l e d t o o r d e r b y C h a i r G r e g P e t t i s a t 9 : 3 0 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 , F i r s t F l o o r , 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 , C o m m i s s i o n e r T e r r y H e n d e r s o n l e d t h e 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 i n a f l a g s a l u t e . 3 . R O L L C A L L M e m b e r s / A l t e r n a t e s P r e s e n t R o g e r B e r g M a r y C r a t o n R i c k G i b b s T e r r y H e n d e r s o n S t e v e n H e r n a n d e z * B o b M a g e e S c o t t M a t a s G r e g P e t t i s R a y Q u i n t o R o n R o b e r t s J e f f S t o n e * A r r i v e d a f t e r t h e m e e t i n g w a s c a l l e d t o o r d e r P U B L I C C O M M E N T S T h e r e w e r e n o r e q u e s t s t o s p e a k f r o m t h e p u b l i c . M e m b e r s A b s e n t S t e v e A d a m s J o s e p h D e C o n i n c k R o b i n L o w e J o h n T a v a g l i o n e RCTC Budget and Implementation Committee Minutes November 22, 2010 Page 2 5. APPROVAL OF MINUTES — SEPTEMBER 27, 2010 M/S/C (Matas/Henderson) to approve the minutes of September 27, 2010, as submitted. Abstain: Craton 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 (Henderson/Stone) to approve the following Consent Calendar item(s)_ 7A. QUARTERLY SALES TAX ANALYSIS 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 1) Receive and file the Quarterly Investment Report for the quarter ended September 30, 2010; and 2) Forward to the Commission for final action. 8. AMENDMENT TO AGREEMENT FOR ACTUARIAL VALUATION SERVICES WITH BARTEL ASSOCIATES, LLC Michele Cisneros, Accounting and Human Resources Manager, provided a summary of the amendment with Bartel Associates, LLC. In response to Commissioner Mary Craton's clarification about the period of time for the maximum compensation, Michele Cisneros replied it began when the Commission initially contracted with Bartel Associates, LLC in 2006, which included the original valuation report and two supplemental reports thereafter. RCTC Budget and Implementation Committee Minutes November 22, 2010 Page 3 M/S/C (Henderson/Stone) 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. 9. COUNTY OF RIVERSIDE FUNDING REQUEST FOR STATE ROUTE 79 WIDENING PROJECT Shirley Medina, Programming and Planning Manager, presented the county of Riverside's funding request for the SR-79 widening project. Commissioner Stone expressed 'gratitude for this project moving forward and expressed support for the staff recommendation. In response to Commissioner Roger Berg's question regarding the funding shortfall, Shirley Medina replied the additional $5 million request was due to the right of way acquisition and utility relocation. Anne Mayer added the project scope and cost estimate were prepared approximately eight years ago. The estimate fluctuated as it became more refined. Federal funds cannot be expended for right of way until the environmental approval is granted in spring 2011. Therefore, in order to keep this project on schedule, the county of Riverside needed non-federal funds in order to proceed with the right of way acquisition. At this time, Commissioner Steven Hernandez arrived at the meeting. In response to Commissioner Terry Henderson's question regarding reimbursement of the $5 million, Anne Mayer replied if this project does not need all of the federal funds, then those funds return to the 1989 Measure A Western County Highway fund. Commissioner Ron Roberts discussed the right of way issues with this project related to underground facilities that required relocation. • RCTC Budget and Implementation Committee Minutes November 22, 2010 Page 4 M/S/C (Stone/Roberts) to: 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 Shirley Medina presented the Western Riverside Council of Governments Local Transportation Fund Program Objectives/Work Plan for FY 2010/11. M/S/C (Henderson/Stone) 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. 11. 2011 STATE AND FEDERAL LEGISLATIVE PLATFORMS Aaron Hake presented the 2011 State and Federal Legislative Platforms. Anne Mayer discussed the serious challenges for the Commission including the federal policy objectives and the lack of a new federal reauthorization bill that could impact the Transportation Infrastructure Finance and Innovation Act (TIFIA) program, transportation projects, jobs, and the economy. At this time, Commissioner Roberts left the meeting. Commissioner Rick Gibbs suggested staff evaluate the current lobbying strategy and discussed possible improvements to ensure the Commission is taking a proactive approach. " " " R C T C 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 n u t e s N o v e m b e r 2 2 , 2 0 1 0 P a g e 5 A t t h e r e q u e s t o f C o m m i s s i o n e r G i b b s , A a r o n H a k e c l a r i f i e d t h e C o m m i s s i o n ' s p o s i t i o n o n t h e f e d e r a l r e a u t h o r i z a t i o n b i l l . C o m m i s s i o n e r G i b b s d i s c u s s e d c h a n g i n g t h e l a n g u a g e i n t h e p l a t f o r m s r e l a t e d t o t h e C a l i f o r n i a E n v i r o n m e n t a l Q u a l i t y A c t ( C E Q A ) a n d N a t i o n a l E n v i r o n m e n t a l P o l i c y A c t ( N E P A ) c l e a r a n c e s . A n n e M a y e r ' d i s c u s s e d t w o e f f o r t s u n d e r w a y t o i m p r o v e t h e s e p r o c e s s e s . T h e f i r s t e f f o r t , ' E v e r y d a y C o u n t s ' , i s a n i n i t i a t i v e b y F H W A t o i d e n t i f y a n d d e p l o y i n n o v a t i o n a i m e d a t s h o r t e n i n g p r o j e c t d e l i v e r y , e n h a n c i n g s a f e t y , a n d p r o t e c t i n g t h e e n v i r o n m e n t . T h e s e c o n d e f f o r t , " B r e a k i n g D o w n t h e B a r r i e r s " , h a s b e e n i n i t i a t e d b y d e p a r t m e n t s o f t r a n s p o r t a t i o n t o h a v e F H W A r e m o v e c e r t a i n a d m i n i s t r a t i v e p o l i c i e s t h a t c a n a d d u p t o a y e a r t o a p r o j e c t s c h e d u l e . C o m m i s s i o n e r H e n d e r s o n r e f e r r e d t o t h e p l a t f o r m s a n d e x p r e s s e d c o n c e r n r e g a r d i n g t h e e x t e n s i o n o f t h e c u r r e n t f e d e r a l r e a u t h o r i z a t i o n b i l l a n d s u g g e s t e d s t r o n g e r l a n g u a g e t h a t t h e e x t e n s i o n s n e e d t o b e l o n g - t e r m a n d e x p l a i n t h e c o n s e q u e n c e s o f s h o r t - t e r m e x t e n s i o n s . A t C o m m i s s i o n e r H e n d e r s o n ' s r e q u e s t , A n n e M a y e r d i s c u s s e d t h e a d m i n i s t r a t i o n p o l i c i e s f o c u s o n l i v a b i l i t y a n d l i v a b l e c o m m u n i t i e s w i t h a p a r t i c u l a r e m p h a s i s o n t r a n s i t a n d a l t e r n a t i v 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 b i c y c l e s a n d p e d e s t r i a n f a c i l i t i e s . S h e e x p l a i n e d i t a p p e a r s i f t h e r e i s a p r o j e c t t h a t d o e s n o t i n c l u d e t h o s e f a c i l i t i e s i t c o u l d b e d e e m e d n o n - c o m p l i a n t w i t h l i v a b i l i t y s t a n d a r d s . C o m m i s s i o n e r H e n d e r s o n e x p r e s s e d c o n c e r n w i t h t h i s p o l i c y f o c u s a s r o a d p r o j e c t s a r e b e i n g i m p a c t e d a n d d o e s n o t b e l i e v e i t i s a p p r o p r i a t e t o d e m a n d s o m e p o r t i o n o f t h e t r e m e n d o u s a m o u n t o f d o l l a r s n e c e s s a r y t o b u i l d r o a d w a y s f o r b i c y c l e f a c i l i t i e s . I n r e s p o n s e t o C h a i r P e t t i s ' c o n c e r n r e g a r d i n g t h e p o s s i b i l i t y o f a n e w f e d e r a l i n f r a s t r u c t u r e b a n k , A a r o n H a k e c o n c u r r e d a n d d i s c u s s e d t h e C o m m i s s i o n ' s f o c u s i s o n t h e T I F I A p r o g r a m a s s t a f f s u p p o r t s e x p a n d i n g a n d g r o w i n g p r o g r a m s t h a t w o r k . C h a i r P e t t i s r e f e r r e d t o t h e p l a t f o r m s a n d n o t e d t h a t r a i l i s i n c l u d e d i n t h e f e d e r a l p r o g r a m a n d n o t t h e s t a t e p r o g r a m . H e s t a t e d C a ! t r a n s i s u p d a t i n g t h e s t a t e r a i l p r o g r a m a n d a s k e d i f t h e r e i s e n o u g h a u t h o r i z a t i o n t o b e e n g a g e d w i t h o u t i t b e i n g i n c l u d e d i n t h e s t a t e p l a t f o r m . RCTC Budget and Implementation Committee Minutes November 22, 2010 Page 6 Aaron Hake replied that with the Committee's approval, rail can be added to the state platform. Anne Mayer updated the Committee on the federal earmarks and the challenges to designate the funds. She requested Commissioners provide direction to staff or the congressional representatives. Commissioner Henderson suggested there should be a formula based distribution of those funds per population per capita since the program cannot be eliminated. Anne Mayer stated with the Committee's approval, language can be included in the platforms that allow staff to work on formula distribution discussions. M/S/C (Gibbs/Craton) to: 1) Approve the 2011 State and Federal Legislative Platforms as amended; and 2) Forward to the Commission for final action. 12. ITEMISI PULLED FROM CONSENT CALENDAR AGENDA There were no items pulled from the Consent Calendar. 13. COMMENTS BY COMMISSIONERS/STAFF 14A. Anne Mayer: • Announced the ribbon cutting ceremony is scheduled for the SR-91 eastbound auxiliary lane project on December 2 at 10 a.m.; • Announced a public hearing is scheduled for the 71 /91 interchange project on December 9 from 5 p.m. — 8 p.m. at Corona City Hall; • Updated the Committee on the Commission's bond sale; and • Announced there will not be a Budget and Implementation Committee meeting on December 27, 2010. The Commission office will be closed the week of December 27-31. AGENDA ITEM 6 • " 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 : F e b r u a r y 2 8 , 2 0 1 1 T O : 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 F R O M : J e n n i f e r H a r m o n , O f f i c e a n d B o a r d S e r v i c e s M a n a g e r T H R O U G H : J o h n S t a n d i f o r d , 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 : E l e c t i o n o f O f f i c e r s 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 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 o c o n d u c t a n e l e c t i o n o f o f f i c e r s f o r 2 0 1 1 - C h a i r a n d V i c e C h a i r . B A C K G R O U N D I N F O R M A T I O N : T h e e l e c t i o n o f o f f i c e r s f o r t h e f u l l C o m m i s s i o n a n d i t s C o m m i t t e e s a r e h e l d o n a n a n n u a l b a s i s . C o m m i s s i o n e r s G r e g P e t t i s a n d S c o t t M a t a s w e r e e l e c t e d a s t h e 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 ' s o f f i c e r s i n F e b r u a r y 2 0 1 0 . O n c e t h e e l e c t i o n h a s b e e n c o n d u c t e d , t h e n e w C h a i r a n d V i c e C h a i r w i l l i m m e d i a t e l y a s s u m e t h e p o s i t i o n s . P a s t C h a i r s o f t h e 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 r e a s f o l l o w s : 2 0 1 0 - G r e g P e t t i s , C i t y o f C a t h e d r a l C i t y 2 0 0 9 - M a r y C r a t o n , C i t y o f C a n y o n L a k e 2 0 0 8 - S t e v e A d a m s , C i t y o f R i v e r s i d e 2 0 0 7 - R i c k G i b b s , C i t y o f M u r r i e t a 2 0 0 6 - J e f f S t o n e , C o u n t y o f R i v e r s i d e , D i s t r i c t 3 2 0 0 5 - B o b M a g e e , C i t y o f L a k e E l s i n o r e 2 0 0 4 - T e r r y H e n d e r s o n , C i t y o f L a Q u i n t a 2 0 0 3 - R o b e r t S c h i f f n e r , C i t y o f L a k e E l s i n o r e 2 0 0 2 - C h r i s C a r l s o n , C i t y o f S a n J a c i n t o 2 0 0 1 - J o h n H u n t , C i t y o f B a n n i n g 2 0 0 0 - R o n R o b e r t s , C i t y o f T e m e c u l a A g e n d a I t e m 6 1 " A G E N D A I T E M 8 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 : F e b r u a r y 2 8 , 2 0 1 1 T O : 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 F R O M : A n n e H a l l b e r g , A c c o u n t i n g S u p e r v i s o r T H R O U G H : 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 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 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 t t e e t o : 1 ) 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 1 0 ; a n d 2 ) F o r w a r d t o t h e C o m m i s s i o n f o r f i n a l a c t i o n . 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 o f R i v e r s i d e ' 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 1 0 , 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 1 0 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 1 0 A g e n d a I t e m 8 A 2 " " S t a t e m e n t o f C o m p l i a n c e N a t u r e o f I n e a a t m a n t s P o n d P r o j e c t s 9 . 1 T : 6 O p e r a t i n g F u n d s 7 5 . 0 5 . , D e b t R e s e r v e T r u s t F u n d s 1 1 . 1 0 ^ l n P o r i t e l i e I n y e s t m e r l t T y p e M u t u a l P u n d s 1 1 . 2 2 % L o u m y P o o l / C a s h 8 6 . 4 9 C o u n t y i s n a g i n e e s t r n e n t 2 . 6 3 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 1 0 w e r e i n f u 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 y 1 2 , 2 0 1 0 . 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 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 : 1 4 1 - 4 - 1 - d c . 4 i , - - 4 - t i C h i e f F i n a n c i a l O f f i c e r 3 ti 995'E6t'0L0 f 1V101 580'fbl'II 082'E95't 152'213E90 095 VS9 s}uawaa@y ryaw{senul Jaded l01050w01/50/01.014 aleloa100 sesen0as AJnae051.s.n usoasa 10 5010031100 a0000000 40006V leiaped ePuei IenlnW IeMl - MS 550 SOL -t l Pund 000e610010a0.508500 ueapawe I95i 35I1,1101311153ANI 03213VWWns tesJsn Awns 'Isar] sn 1a11eH0IND spund impel ilV1 luawlsanul 100d. 411110D load Nun00 ssuee 1990)NIVO 311VA 03Z11V3sN/1 13321V11 %830 VM I+NVVVII SW, - VlN wVVV/00V - > uoa50no0 ale0 API01eV AlpnleW pe amen Jed auON IsallGnleN aueN :eieetlpind 0102'IC 1a910e0a0 Pep03 lapene e41101 eu0110esuell luawlsanul 993'E51'610 f S60'Est'tt V/N wVVVReV • VIN V/N wVVVReV 560'En I 001'91t09 11600 VM H/dVVVILBW-' 00191E09 V/11 tlM V/N VIN V/N V/N V/N tlM V/N 065'5EL L00 VON Vae Pales 1pN 062'59SY %890 tl/N 1+/VVVV/161/10 001 e82'E00 V/N tlM +ss&EV 033099 1500 111s N1VW 31V0 31V0 amvA 3101 5193 301VA tllt• 39VH08Nd 010131A A11815.00W 35V1I0311d dvd NO5I000 H011d r5d000W ONI1Vs spue umeul Pue yse011V 111101 amaeaH 1Ga01ePuni Peimd Ping Ie1W4n5 I00s101PIaH -Pund suo0efee0 Arleml ueol awtl 0/w Pund 009e01NOluswwanoO 0055a541sej luawlsanul loud epelaryd to AlunO 050510el6y luaw4905el la,000 AauaW sues Sn 3A03S3s is30/9ONni 153E0351 0N051NOISSIWIYOO laml ul PPH ePund Ie1019n5 Puna u09el1odeu0J1 legal '.Pund luawlsanul 02l006 eAtneeell Alun00 13(181 NI 013H SON0A epuni Sullelea0moms :ee54100as Alneew LAaueOV IelV1)p0nd150u09anul AauaOV leool puns lueuesenul pep%ade/nseall 0uno0 9190da0 Nues 1e009eN AP0 SONOd 5/N111013d° (nu '1£/egwanaa :pepug posed padaH 0i104Vod luawlsanul u0lssiww00 U03900dfuely A33100 aplslaryy • • • ;onano3 xel-mnssaA j, ;nax eau oral; aye .4 satsrm ;sal Pue me of me), meN ,(ddeH 730 ur Pa6eBua suleam; pad;usage, Jena ue se amen; argeaasai0; old ;o; awes aye aq mrm Noss ell •ale; sound pad alp of a6ue4o ou sem wage pue aqt Agwaoeo uo IOW pad soul 'sqo( Inous m /uanooa. 6ugser ou aq elm amyl 'ems x7; sl Butyl auo;no Ino Bard Ism eon* suaw,ioldumun soul moo sal Ism awp ,flip vearane •gn all anoge Ilem P104 el Papedxa sr eue; wormAordwaun s,alem ;n0 •;;oz ul'<mum' FIaM9 Ilim 'ae4masta pue 'eau -Almeo ul COI qof moor pue am;s ;o aoed all 'Ana -moH AurelAo lauormppe sassawsnq uenl6 aney 99'808'ELO'980 9 6L'Z89'L£L`b60`9 8Z'891`6171'917e9 9£7L 1` 11£`99e9 JagweldeS 66'1701`9L0`9 817`69£'8L0`6817'9 Lb'bLtr'ES1`17617'S 19CILUGAON ;agwaoeo w ssa6uoo 6q suolsualsa ;no xe; palegap yonw aye se anwdu4 0l anuleuo0 pinoo siegwnu lumu ordwaun l meal s•;(wouooa ue;o s;oeeolpul se uaas aq ueo sum6 asayl :sassaursnq pazrs wnlpaw W mews ul pus mpg's alenpd aye ul uaaq aney sure6 asa4; !apnea ;o ;son 'um( oml Isowre ul lanai lsamol awe '%V'8 o; alai paw --loldunun a4l 6urddap 'peppe Bupq sgot 000'eat Wlm fiurslwad wow pe>loot ;agwaoa0 yagwnu olwouooa awns vogsanb ut sl rtrawq sllq fl! to ire bed o; ems aul;o k! -sqe au; pue ssp;e eq oe enuquoo sanuana; xel 'Lemw6 auole eat '/.1aA0091 penuquoo a A; ogewagwd eq penoo savy xel ;Nun; se deb 1a8pnq aq; Bursop ul pesn Igo; weal all eq wn •sasearnul xe; aB;er ueye mule; 'spa Bumuads mut papedxa sl m pue Rwouooe alms ;no uo Bele of anuqum mum, sans! &seta 'slew Buowe 'gauges aouemsul luaw6oldwaun pue uorsued Ong saoe; alms ;no ';anoaon wolllrq ozs punwe;o poop la6pnq alms pepafoxi e Buloel sl 'ma/ Auer 9owano0 elwopleo mau mo •;Iemy6ly;ns &g eurpupn all Bump ass aq myn wets ;BB 01 Pew ay1 yB leinie'6ipedswd pue wslwpdo pemaual 11 "Pm 6uyq Ism apeoap mau at; ley; sl ado; ;no :;ayeoue ;o Aem auo ul sans mo;o Ile Pegznoe sew uorssaoaa male soya •sessol a;else real pue luawlsanw;o sulks; ul Apeoep;sol, au; ;o pue ets wrote s se laB;o; of ass mom sn ;o;soul ;esA Jatpoue sem 0;nz „imaN aql (P!M pI `PIO aqT qi!M 4110 • NeereMOON TAPea 000£0#BuelPPioS{fteere961'6 snryrlo Meel)alea EMI Na'urew ro weetexelimpospseseneeta ziastta. if'fr The Fed maintained the target rate at a range of 0 to 25 bps. The 2 year T-Note was yielding 0.61% (up 16bps) while the 10 year T-Note was yielding 3.30% (up 49bps). For December, the Pool had a decrease of 5bps in the average monthly yield. 3 kb US Treasury Bill 6 Mo US Treasury Bill 2YrUS Treasury Note 0.61 0,16 5YrUS Treasury Note 2.01 0.54 10YrUS Treasury Note 3.30 0.49 0.12 . 0.05) 0.19 (0,02) F® Fund Rate 0 - .25 0.04 then* 91.38 • 7.27 Gold (Ounce) 1,257.64 (128.38) ' Dllu 11,577.50 571.50 S&P500 1,257.64 77.09 NASDAQ 2,652.87 154.64 Page Sector breakdown 485,000,000 0,00 0.26 ioo,o0o,0oo 0.24 025 13,145.559 0.83 3,30 ISS4iigRit 328,131.246 0.81 0.53 1,40936 791 850.00 76095 1.200,00 (439.QS 07/2011 1,008.18 995,69 12.54 09/2011 738.85 863.69 ° ,#°;.1i 11/2011 Maturity Distribution 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 30 days or 30-90 Days 90 Days-1 1-2 Years 2-3Years Over 3 Years Less Year 12 Month Cross Yield Trends' Zoo- __,._.._.�.�....,.. 1.30 cep 0.40 0.40 0.20 0.00 a-.:w.11ArfeS 044-00 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 84p410 061.10 Nev-10 Oar-10 • i Treasurer's institutional Money Market Index (Mall) is compiled and reported by the Riverside County Treas- urer's C'apiral Markets &wawa It is a composite index derived from the average of three multi -billion dollar AAA rated Prime (funds that invest in a diversified pnnto- lio of U,S, dollar detmminated money market mttrumern.s .07a1 dm); U.S. TrCalli ie.S, government agencies. hankers accepiances, commercial paper, rertifictrer of deposes, repurchase agreements, etc) partfohns Mai the Treasurer Harks Further details evadable upon request, Current funds are ASTl'TGA. 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'""'�,L}�Y%x.--3�.s r;l�Y`���gi�wi��s^y4}•�-. n�vc}u';p�e %991 Td/Td/TV XVW %9Z 21V3A T %0£ S21V3A 9 51150d3O 31AI1'8 31VOIdIlH33 +'i`"�",i T3/Td/TV %0£ SAVO OST (T) %04 SAVO OAZ 3ONVHOX3 dO STIIS %TQ'0 30`9191N31N1S3ANI %09'Z S2AG a lIINIION S8V3A9 SNOUV9118QAON39VWO01 %OMVIZVIV 01161091$/%9T S2iV3A £ V/ZVPd 1tW11 ON S?Sat 9 •sJosin.iadn33o pleog tilunop alp Aq panoldde pue aappi uiop pi5!sianp ;uaugsanui s,Xlunop acp Cq Apenuue pama!AN sl Xmod •apop ivauauIQAOD eivaoneD ayl Limp anllalalsaa 010111 si tioliod puawlsanul sAunop aye •Xo!lod luautlsanui jo luauxams s,iamseali ayl yl!m 3;) alai'o _) 'nu ui sum pund luauilsanui mood s,lalnseall, ata • SON09 AON39V • AGENDA ITEM 86 i " " 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 D A T E : F e b r u a r y 2 8 , 2 0 1 1 T O : 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 F R O M : 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 : J o h n S t a n d i f o r d , 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 : Q u a r t e r l y S a l e s T a x A n a l y s i s 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 t t e e t o : 1 ) R e c e i v e a n d f i l e t h e s a l e s t a x a n a l y s i s f o r Q u a r t e r 3 ( Q 3 ) 2 0 1 0 ; a n d 2 ) F o r w a r d t o t h e C o m m i s s i o n f o r f i n a l a c t i o n . B A C K G R O U N D I N F O R M A T I O N : A t i t s D e c e m b e r 2 0 0 7 m e e t i n g , t h e C o m m i s s i o n a w a r d e d a n a g r e e m e n t t o M u n i S e r v i c e s , L L C ( M u n i S e r v i c e s ) f o r q u a r t e r l y s a l e s t a x r e p o r t i n g s e r v i c e s p l u s a d d i t i o n a l f e e s c o n t i n g e n t o n a d d i t i o n a l s a l e s t a x r e v e n u e g e n e r a t e d f r o m t h e t r a n s a c t i o n s a n d u s e t a x ( s a l e s t a x ) a u d i t s e r v i c e s . T h e s e r v i c e s p e r f o r m e d u n d e r t h i s a g r e e m e n t p e r t a i n t o o n l y t h e M e a s u r e A s a l e s t a x r e v e n u e s . S i n c e t h e c o m m e n c e m e n t o f t h e s e s e r v i c e s , M u n i S e r v i c e s s u b m i t t e d a n a u d i t u p d a t e , w h i c h r e p o r t e d f i n d i n g s t h a t h a v e b e e n g e n e r a t e d a n d s u b m i t t e d t o t h e S t a t e B o a r d o f E q u a l i z a t i o n ( S B O E ) f o r r e v i e w a n d d e t e r m i n a t i o n o f e r r o r s i n s a l e s t a x r e p o r t i n g r e l a t e d t o 1 3 8 b u s i n e s s e s . T h r o u g h Q 3 2 0 1 0 f o r J u l y t h r o u g h S e p t e m b e r 2 0 1 0 , t h e S B O E h a s a p p r o v e d c o r r e c t i o n s f o r 9 8 o f t h e s e a c c o u n t s f o r a t o t a l s a l e s t a x r e v e n u e r e c o v e r y o f $ 1 , 0 9 4 , 0 5 3 . I f t h e S B O E c o n c u r s w i t h t h e e r r o r ( s ) f o r t h e r e m a i n i n g c l a i m s , t h e C o m m i s s i o n w o u l d r e c e i v e a d d i t i o n a l r e v e n u e s ; h o w e v e r , t h e m a g n i t u d e o f t h e v a l u e o f t h e r e m a i n i n g f i n d i n g s w a s n o t a v a i l a b l e . I t i s i m p o r t a n t t o n o t e t h a t w h i l e t h e r e c o v e r i e s o f a d d i t i o n a l r e v e n u e s w i l l b e t a n g i b l e , i t w i l l n o t b e s u f f i c i e n t t o a l t e r t h e o v e r a l l t r e n d o f s a l e s t a x r e v e n u e s . A d d i t i o n a l l y , M u n i S e r v i c e s p r o v i d e d t h e C o m m i s s i o n w i t h t h e q u a r t e r l y s a l e s t a x s u m m a r y r e p o r t f o r t h e t h i r d q u a r t e r o f c a l e n d a r 2 0 1 0 f o r J u l y t h r o u g h S e p t e m b e r 2 0 1 0 . M o s t o f t h e Q 3 2 0 1 0 M e a s u r e A s a l e s t a x r e v e n u e s w a s r e c e i v e d b y t h e C o m m i s s i o n i n t h e f o u r t h q u a r t e r o f c a l e n d a r 2 0 1 0 , d u r i n g O c t o b e r t h r o u g h D e c e m b e r 2 0 1 0 , d u e t o a l a g i n t h e s a l e s t a x c a l e n d a r . T h e s u m m a r y s e c t i o n o f t h e Q 3 2 0 1 0 r e p o r t i s a t t a c h e d a n d i n c l u d e s a n o v e r v i e w o f C a l i f o r n i a s a l e s t a x A g e n d a ! t e r n 8 B 1 8 receipts, local results, historical cash collections analysis, 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 Q3 2010 report: • Sales tax receipts for Riverside County were 3.3% higher compared to the Q3 2009, and comparable to the state's experience. This supports the previous quarterly reports' analyses that an economic recovery statewide and locally is underway. • Taxable transactions for the top 25 tax contributors in Riverside County, which generated 24c/o of the taxable sales for the year ended Q3 2010, increased 4.0% compared to the year ended Q3 2009. For the top 100 tax contributors, which generated 38% of the taxable sales, the growth was 5.6%. • Over the last two-year period, the Q3 2010 sales tax levels continued to be at or near the low points for 5 of the top 10 economic segments compared to 7 of the top 10 in Q2 2010. Building materials wholesale was slightly above the low point in Q2 2010. Apparel store sales reached a new high point during Q3 2010. • Department stores, service stations, and restaurants continue to represent the three largest economic segments for Riverside County. Largest Segment % of Total / % Change 2nd Largest Segment % of Total / % Change 3rd Largest Segment % of Total/ % Chan Department Stores 12.7/1.1 Service Stations 11.2/ 17.0 Restaurants 10.8/-3.3 Restaurants 13.2 /-1.0 Department Stores 11.5/ 19 Service Stations 9.5/ 14.8 ECONOMIC SEGMENTS ANALYSIS Restaurants 13.7/-0.2 Department Stores 10.4/3.0 Service Stations 8.2/ 16.3 Department Stores 13.1/2.5 Restaurants 10.9/-2.6 Service Stations 9.5/ 14.6 Department Stores 16. t1-0.4 Service Stations 10.7/ 14.7 Restaurants 10.3/-2.0 Restaurants 14.0/-0.8 Department Stores 11.0/2.1 Service Stations 9.5/ 14.0 Department Stores 12.4 / 1.7 Service Stations 11.3/ 16.0 Restaurants 11.0/-3.6 Department Stores 13.2/-0.6 Services Stations 12.2/ 18.4 Restaurants 9.9/-3.4 Restaurants 19.7/-1.3 Misc. Retail 10.7/4.6 Department Stores 9.3/-5.9 • The general retail and transportation economic categories were the only categories with increases in the Q3 2010 benchmark year comparison to Q3 2009. Construction and business to business, which comprised almost 25% of the sales tax receipts, had smaller declines of 8.8% and 7.3%, respectively, compared with the prior Q2 2010 report declines of 16.3% and 11.5%, respectively. Agenda Item 8B • 19 " " G e n e r a l R e t a i l % o f T o t a l / % C h a n g e F o o d P r o d u c t s % o f T o t a l / % C h C o n s t r u c t i o n % o f T o t a l / % C h a n g e T r a n s p o r t a t i o n % o f T o t a l / % C h a e B u s i n e s s t o B u s i n e s s % o f T o t a l / % C h a M i s c e l l a n e o u s _ % o f T o t a l / % C h a n e T o t a l 3 1 . 0 / 1 . 4 / 7 . 3 / - 2 8 1 0 . 5 / - 8 . 8 2 4 . 3 / 9 . 4 1 4 . 7 / - 7 . 3 2 . 2 / - 1 . 1 1 0 0 . 0 / - 0 . 2 3 0 . 9 / 0 . 5 1 9 . 4 / - 1 . 1 8 . 7 / - 6 . 0 2 2 . 3 / 7 . 0 1 7 . 4 / - 3 . 6 1 . 3 / - 8 . 2 1 0 0 . 0 / 0 . 1 E C O N O M I C C A T E G O R Y A N A L Y S I S 3 0 . 5 / 0 . 9 1 9 . 9 / - 0 . 1 8 . 3 / - 4 . 3 1 9 . 4 / 1 0 . 3 2 0 . 6 / - 2 . 8 1 . 3 / - 7 . 3 1 0 0 . 0 / 1 . 0 3 1 . 0 / 0 . 0 1 7 . 5 / - 1 . 6 1 0 . 4 / - 9 . 0 2 4 . 4 / 3 . 4 1 5 . 3 / - 5 . 9 1 . 3 / - 6 . 4 1 0 0 . 0 / - 1 . 5 3 3 . 7 / 1 . 3 1 7 . 7 / - 1 . 0 1 0 . 8 / - 7 8 2 3 . 6 / 5 . 9 1 3 . 1 / - 4 . 4 1 . 1 / - 5 . 1 1 0 0 . 0 1 0 . 0 3 0 . 8 / 0 . 1 1 9 . 9 / - 1 . 3 8 . 0 / - 5 . 2 2 2 7 / 6 . 3 1 7 . 4 / - 4 . 1 1 . 2 / - 1 2 . 4 1 0 0 . 0 / - 0 . 2 2 9 . 4 / 2 . 0 1 7 . 5 / - 2 . 3 1 0 . 1 / - 9 . 0 2 5 . 3 / 8 . 2 1 5 . 6 / - 1 . 2 2 . 1 / - 1 . 2 1 0 0 . 0 / 0 . 9 3 0 . 4 / - 0 . 3 1 9 . 3 / - 0 . 8 1 2 . 3 / - 1 1 . 9 2 6 . 8 / 7 . 2 8 . 9 / - 0 . 2 2 . 4 / 1 3 1 . 3 1 0 0 . 0 / 1 . 2 3 3 . 6 / - 3 . 1 2 9 . 8 / 0 . 3 9 . 3 / - 3 . 9 1 9 . 4 / 1 5 . 2 6 . 4 / - 2 . 3 1 . 5 / 7 5 1 0 0 . 0 / 1 . 2 D u r i n g t h e r e v i e w o f t h e Q 3 2 0 1 0 d e t a i l e d r e p o r t w i t h M u n i S e r v i c e s , i n f o r m a t i o n r e g a r d i n g s a l e s t a x c o m p a r i s o n s b y c i t y a n d c h a n g e b y e c o n o m i c c a t e g o r y f r o m Q 3 2 0 0 9 t o Q 3 2 0 1 0 w a s p r o v i d e d , a n d i s a t t a c h e d . T h e c i t y o f E a s t v a l e i s n o t p r e s e n t e d d u e t o l a c k o f d a t a . S t a f f c o n t i n u e s t o m o n i t o r m o n t h l y s a l e s t a x r e c e i p t s a n d o t h e r a v a i l a b l e e c o n o m i c d a t a t o d e t e r m i n e t h e n e e d f o r a n y a d d i t i o n a l a d j u s t m e n t t o t h e r e v i s e d r e v e n u e p r o j e c t i o n s i n F Y 2 0 1 0 / 1 1 . S t a f f w i l l u t i l i z e t h e f o r e c a s t s c e n a r i o s i n c l u d e d w i t h t h e c o m p l e t e r e p o r t a n d r e c e n t t r e n d s i n a s s e s s i n g s u c h p r o j e c t i o n s . A t t a c h m e n t s : 1 ) S a l e s T a x A n a l y s i s f o r Q 3 2 0 1 0 2 ) S a l e s T a x C o m p a r i s o n b y C i t y f o r Q 3 2 0 1 0 t o Q 3 2 0 0 9 A g e n d a I t e m 8 B 2 0 Riverside County Transportation Commission Sales Tax Digest Summary Collections through December 2010 Sales through September 2010 (2010Q3) CALIFORNIA OVERVIEW For the third quarter in a row, California experienced overall sales tax growth. Continuing the emerging trend of a 'broader' recovery, Department Stores, Apparel Stores, New Auto Sales and Service Stations sales led the gain. On a cash basis, statewide sales tax receipts during October -December 2010 grew by 3.7% from the same three months in 2009. Northern California grew by 3.9% and Southern California grew by 3.6%. As for Riverside County Transportation Commission, its sales tax receipts changed by 3.3% from October -December 2009 to October -December 2010. CALIFORNIA'S FUTURE Promising Holiday sales indicate General Retail sales should grow moderately in FY 2011. Expect General Retail to grow between 3.5% and 4.5% through FY 2015. While Service Station sales grew significantly this quarter compared to prior year, the industry's ongoing volatility will continue affect local sales tax fluctuations. Construction will continue its drop during FY 2011 by 5.0 to 10.0% before growing by 2.5% per year through FY 2013 and eventually rebounding through FY 2015. Food Products, which includes Restaurants and Supermarkets, should grow with core CPI of 2.4% per year with price pressures upward of 3.5% into FY 2014 and FY 2015. Auto sales will remain flat during the first half of FY 2011 until pent up demand causes buyers, who will be seeking lower -priced vehicles, to increase purchases during FY 2012 and 2013 by 3.0% to 5.0%. 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 still needs job growth both locally and regionally to increase spending as well as business travel. Housing prices must stabilize and begin growing in order to restore some levels of equity and wealth effect, which should bolster consumer confidence and spending once again. 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 3Q2010 Receipts Net 3Q2009 Receipts Actual Percentage Change $28,289,596 0 0 28,289,596 .00 (347,300) 27,942,296 27,050,242 3.3% Business Activity Performance Analysis www.MuniServices.com (800) 800-8181 21 Page 1 Riverside County Transportation Commission Local Collections Less: Payments for Prior Periods Preliminary 3Q2010 Collections Projected 3Q2010 Late Payments Projected 3Q2010 Final Results Actual 3Q2009 Results Projected Percentage Change HISTORICAL CASH COLLECTIONS ANALYSIS BY QUARTER $40,000 $35,000 $30,000 a $25,000 u a $20,000 2 $15,000 $1o,000 $5,000 $O $28,289,596 (1,522,913) 26,766,683 963,885 27,730,568 27,188,756 2.0% (in thousands of $) $450 $400 $350 $300 $250 u W r: $200 $150 $100 $50 $0 2Q2008 3Q2008 4Q2008 1 Q2009 2Q2009 3Q2009 4Q2009. 1Q2010 202010 3Q2010 lMBNet Receipts--u—SBOE Adm in Fees Due TOP 25 SALES/USE TAX CONTRIBUTORS The following list identifies Riverside County Transportation Commission's Top 25 Sales/Use Tax contributors. The list is in alphabetical order and represents sales from October 2009 through September 2010. The Top 25 Sales/Use Tax contributors generate 24.0% of Riverside County Transportation Commission's total sales and use tax revenue. ALBERTSON'S FOOD CENTERS RALPH'S GROCERY COMPANY BEST BUY STORES RITE AID DRUG STORES CHEVRON SERVICE STATIONS ROSS STORES CIRCLE K FOOD STORES SAM'S CLUB COSTCO WHOLESALE SEARS ROEBUCK & COMPANY DEPT OF MOTOR VEHICLES SHELL SERVICE STATIONS HOME DEPOT STATER BROS MARKETS J C PENNEY COMPANY TARGET STORES K MART STORES VERIZON WIRELESS KOHL'S DEPARTMENT STORES W.W. GRAINGER LOWE'S HOME IMPROVEMENT WAL MART STORES MACY'S DEPARTMENT STORE WALGREEN'S DRUG STORES MOBIL SERVICE STATIONS www.MuniServices.com (800) 800-8181 Page 2 • • 22 " ( i n t h o u s a n d s o t " $ ) ��} 1 $ O $ 2 0 , 0 0 0 $ 4 0 , 0 0 0 S 6 0 , 0 0 0 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 H I S T O R I C A L S A L E S T A X A M O U N T S T h e f o l l o w i n g c h a r t s h o w s t h e s a l e s t a x l e v e l f r o m s a l e s t h r o u g h S e p t e m b e r 2 0 1 0 , t h e h i g h s , a n d t h e l o w s f o r e a c h s e g m e n t o v e r t h e l a s t t w o y e a r s . ( i n t h o u s a n d s o f $ ) $ 1 8 , 0 0 0 1 1 1 3 Q 2 0 1 0 f& H i g h " L a w $ 1 , 0 0 0 $ 1 4 , 0 0 0 ' $ 1 2 , 0 0 0 $ 1 0 , 0 0 0 1 $ 2 , 0 $ 0 0 ��S \ ��{ � S 4 ` e c 9 e 4 ��A , ��, ��' b e ' J { , D Y ���� ��y c �� 4 e ' l ' D �� f i e { ` ' ��S S c ' o { ��i ' � ` . b �� ��` { A , S a s { a { ������� � � r ' ' c . o ����S F . C ��J s o a ��q ��` ` s ' a { � �� T ` S 4 ` C ��~ C * 0 c . ? P . . z " c . Q . . ����a 4 o P 4 4 ��, a �� . y b o A N N U A L S A L E S T A X B Y B U S I N E S S C A T E G O R Y 3 Q 2 0 1 O 2 Q 2 0 1 0 1 Q 2 0 1 0 4 Q 2 0 0 9 3 Q 2 0 0 9 2 0 2 0 0 9 1 Q 2 0 0 9 4 Q 2 0 0 8 3 Q 2 0 0 8 2 Q 2 0 0 8 $ 8 0 , 0 0 0 $ 1 0 0 , 0 0 0 $ 1 2 0 , 0 0 0 $ 1 4 0 , 0 0 0 $ 1 6 0 , 0 0 0 � G e n e r a l R e t a i l � F o o d P r o d u c t s � T r a n s p o r t a t i o n � C o n s t r u c t i o n M I B u s i n e s s T O B u s i n e s s M P M i s c e l l a n e o u s i w w w . M u n i S e r v i c e s . c o m ( 8 0 0 ) 8 0 0 - 8 1 8 1 P a g e 3 2 3 Riverside County Transportation Commission FIVE-YEAR ECONOMIC TREND: Auto Sales - New $6,000 55,000 $4,000 $3,000 $2,000 $1,000 $O 0 a V N a e oY N 8 • e O Co a 0 a (in thousands of $) 0 of N 0 oa 0 0 S 00 0 c 00 0 oa n oa 00 0 N a S a a 0 oa a N a 0 c 0 a 0 a N 0 oa FINAL RESULTS: April -June 2010 Sales Local Net Cash Collections Less: Pool Amounts Less: Prior Quarter Payments Add: Late Payments Local Net Economic Collections after Adjustments Percent Change from April -June 2009 Sales MUNISERVICES' ON -GOING AUDIT RESULTS This Quarter Total to Date $97,636 $696,382 $29,481,404 ($-347,300) ($2,076,921) $1,163,672 $28,915,454 UP BY 3.5% www.MuraServices.com (800) 800-8181 Page 4 • 24 isdic.._., General Retail _ r. Eil�-�s i w .-`�..-y. c"'_ rR.4♦4POIT7A11`%f�YN'AIjiH4t,RF1 !) `�- -;.`iiii i Food '. Trans. '.Const. Business Misc. Products - to Business �.. :i,--�'-3"'g I:i -r i �*I 'r' tea.:. i' Ada,.,._ „�kr- t°G., Jul -Sep 2010 -.Jul-Sep Total a I( itj .,.,.u� Ii��£i� , Ldltr,JVOI Ll,VJ JCIICO lV Jul -.3C Let llUel cvlu .)aies 2009 %Chg Largest Gain 2nd Largest Gain. Largest Decline- Total ® ,� l,;i r p _ {'.; i�� vi It ., I{�4",3.E'R• rr `il a'-,d,3 2nd Largest Decline y,e1 `���i_ 5;4 !: :.- k, it &;?,'°�l'wvt9ili Q°,"`.a.tlPla-�!'I"{zJif.�'r.it°�ty7,3, %L:.. d�fg'il� c:.'�Jv=°:r'pat4.i,S°iRrh'.�,x''{ulght 7ti'd6�.`s1rcY.rS�clglvlNtl31•Rttall:�i 21VERSIDE COUNTY Banning -3.2% 3,4% -2.4% -66.7% 6.5% .44,6% 365,048 406,817 -10.3%Auto Sales New Restaurants Bldg .Matls-Whsle Service Stations Bed umont 0.6% -2.8% 24.3% -11.5% -6.0% -33.4% 685,744 671,009 2.2% Service Stations Department Stores Auto Parts/Repair Light Industry Blythe -9.7% -6.6% -2.4% -0.7% 16,0% -14.9% 313,076 324,366 •3.5% Energy Sales Light Industry Florist/Nursery Food Processing Eqp Calimesa 125.1% 7.7% -18,1% -100.0% 57.5% -40.3% 134,940 133,340 •0.3% Restaurants Drug Stores Misc. Vehicle Sales Bldg.Matls-Retail Canyon Lake -1.2% -12.3% 331.5% 59.2% -70.4% 17.8% 32,654 26,204 24.6% Auto Parts/Repair BIdg.Matls-Whsle Light Industry Restaurants Cathedral City -3,7% -6,8% 8.0% -41.6% -4.9% 14.3% 1,328,907 1,326,702 0.2% Auto sales - New Service Stations BIdg.Matis-Whsle Restaurants Coachella 10.5% 0.9°% 8.0°% -6.4% -0.3% -25.7% 606,561 582,880 4.1% Service Stations Food Processing Eqp Chemical Products Food Markets Corona 8.2% -1.8% -6.6% 7.4% -7.2% -18.Y% 6,244,874 6,219,248 0.4%Bidg.Matls-Whs le Miscellaneous Retail Light Indus try Auto Sales - New Desert Hot Springs -0.6% 1.6% -1.6% •17.4% 51.0% 3.5% 186,489 185,957 0.3% Auto Parts/Repair Department Stores Service Stations Miscellaneous Retail Hemet -2.0% -3.6% 7.1% -3.4% -5.9% -17.4% 1,798,590 1,790,614 0.4% service Stations Auto Parts/Repair Restaurants BIdg.Matls-Retail Indian Wells 14 4% 2.9% 49.8% 42.2% 59.9% -94.5% 99,794 94,256 5.9% Restaurants Misc. Vehicle Sales Miscellaneous Other Light industry Indio 10.9% 0.7% 1.0% 0.2% -10.8°% 20.8% 1,315,993 1,295,373 1.6% Service Stations Department Stores Heavy Industry Auto Sales -New La Quinta 8.1% -11.3% 26.3% -6.9°% -12.8% 34.2% 1,240,910 1,213, 505 2.3% Miscellaneous Retail Auto Sales - New Restaurants Bldg Lake Elsinore 8.9% -53% 0.9% 7.5°% 5.0% -22,4% 1,460,641 1,411, 793 3.5% Department Stores Auto Sales -New Service Stations .Matls-Whsle Restaurants Menifee 9.6% 4.0% 5.8% 3.9% -10.1% -36.1% 885,192 845,553 4.7°% Service Stations Apparel Stores Light industry Energy Sales Moreno Valley 10.7°% 2,8% -2, 9% -2.9% -18.1°% -6.7% 2,564,723 2,522,923 1.7% Department Stores Apparel Stores Auto Sale New Electronic Equipment Murrfeta 4.3% -0.7% -5.7°% -1.3% 4.5% 27.7% 2,202,520 2,191,933 0.5% Service Stations Department Stores Auto Sales • New BIdg.Matls-Retail Norco 8.1°% 0.7% 5.0% -5.8% -12.1% 0.7% 890,465 867,556 2.6% Service 5tatlons Auto Parts/Repair Heavy Industry BIdg.Matls-Whsle Palm Desert 6.1% 7.0% 19.2% -13.7% -6.2% -25.9% 2,403,906 2,298,046 4.6% Department Stores Restaurants Bldg. Matls-Whsle BIdg.Matls-Retail Palm Springs 0.8% 7.6% 5.5% -0.5% -6.1% -4.3% 1,640,453 1,603,736 2.3%Restaurants BIdg.Matls-Whsle Heavy Industry light Industry Perris -0.8% 0.9% 24.2% 7.6% -17.8% 42.8% 1,323,216 1,221,789 8.3% Service stations Miscellaneous Other Light Industry Heavy Industry - RanchoMirage 1.4% 4,8% 32.0% 9.4% 30.1% -37,7% 704,118 643,673 9.4%Auto Sales - New Restaurants Health &Government Food Ma rkets Riverside 3.9% 0.2% 6.1% -17.5% 14.3% -3.4% 9,160,425 8,884,956 3.1% Electronic Equipment Auto Sales - New BIdg.Matls-Whs le Heavy Ind ustry Riverside County 7.9% -4, 6% -4.0% -11.4% -2.1°% -24.1% 5,931,203 6,014,314 -1,4%Apparel Stores Service Stations BIdg.Mans-Whsle Auto Parts/Repair San Jacinto 0.9% 5.0% 5.5% -12, 9% -37.0% •11.4% 435,441 434, 150 0.3%Restaurants Auto Parts/Repair LightJndustry Heavy Industry Temecula 5.2% 1.0% 4.1% -9.9% 4.9°% -19.3% 5,329,864 5,172,540 3.0% Department Stores Office Equipment Light Industry BIdg.Matls•Whsle Wildomar -2.7% -2.8% -5.4% 11.8% -15.0% 9.5% 255,092 265,172 -3.8% Miscellaneous Retail Auto Parts/Repair Service Stations Restaurants 25 MuniServices, LLC " A G E N D A I T E M 8 C " 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 : F e b r u a r y 2 8 , 2 0 1 1 T O : 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 F R O M : 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 a n d H u m a n R e s o u r c e s M a n a g e r T H R O U G H : 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 S U B J E C T : 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 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 t t e e t o : 1 ) 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 p e r i o d e n d e d D e c e m b e r 3 1 , 2 0 1 0 ; a n d 2 ) F o r w a r d t o t h e C o m m i s s i o n f o r f i n a l a c t i o n . B A C K G R O U N D I N F O R M A T I O N : D u r i n g t h e l a s t s i x m o n t h s o f t h e f i s c a l y e a r , s t a f f m o n i t o r e d t h e r e v e n u e s a n d e x p e n d i t u r e s o f t h e C o m m i s s i o n . T h e a t t a c h e d f i n a n c i a l s t a t e m e n t s p r e s e n t t h e r e v e n u e s a n d e x p e n d i t u r e s f o r t h e f i r s t s i x m o n t h s o f t h e f i s c a l y e a r . P e r i o d c l o s i n g a c c r u a l a d j u s t m e n t s a r e n o t i n c l u d e d f o r r e v e n u e s e a r n e d b u t n o t b i l l e d a n d e x p e n d i t u r e s i n c u r r e d f o r g o o d s a n d s e r v i c e s r e c e i v e d b u t n o t y e t i n v o i c e d , a s s u c h a d j u s t m e n t s a r e n o r m a l l y m a d e d u r i n g t h e y e a r - e n d c l o s i n g a c t i v i t i e s . T h e o p e r a t i n g s t a t e m e n t s h o w s t h e s a l e s t a x r e v e n u e s f o r t h e s e c o n d q u a r t e r a t 3 3 % o f t h e b u d g e t . T h i s i s a r e s u l t o f t h e G o v e r n m e n t a l A c c o u n t i n g S t a n d a r d s B o a r d ( G A S B ) S t a t e m e n t N o . 3 3 . G A S B 3 3 r e q u i r e s s a l e s t a x r e v e n u e t o b e a c c r u e d f o r t h e p e r i o d i n w h i c h i t i s c o l l e c t e d a t t h e p o i n t o f s a l e . T h e S t a t e B o a r d o f E q u a l i z a t i o n c o l l e c t s t h e M e a s u r e A f u n d s a n d r e m i t s t h e s e f u n d s t o t h e C o m m i s s i o n a f t e r t h e r e p o r t i n g p e r i o d f o r t h e b u s i n e s s e s . T h i s c r e a t e s a t w o - m o n t h l a g i n t h e r e c e i p t o f r e v e n u e s b y t h e C o m m i s s i o n . A c c o r d i n g l y , t h e s e f i n a n c i a l s t a t e m e n t s r e f l e c t t h e r e v e n u e s r e l a t e d t o c o l l e c t i o n s t h r o u g h O c t o b e r 2 0 1 0 . O n a c a s h b a s i s , t h e M e a s u r e A a n d 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 ) s a l e s t a x r e v e n u e s a r e 7 . 1 5 % a n d 6 . 7 8 % h i g h e r , r e s p e c t i v e l y , t h a n t h e s a m e p e r i o d l a s t f i s c a l y e a r . T h i s c o n t i n u e d i n c r e a s e i s a n e n c o u r a g i n g s i g n t h a t e c o n o m i c r e c o v e r y i n t h e r e g i o n i s b r o a d e n i n g . S t a f f w i l l c o n t i n u e t o m o n i t o r t h e t r e n d s i n t h e s a l e s t a x r e c e i p t s a n d w i l l r e p o r t t o t h e C o m m i s s i o n a n y n e c e s s a r y a d j u s t m e n t s t o t h e F Y 2 0 1 0 / 1 1 b u d g e t f o r s a l e s t a x r e v e n u e . A g e n d a I t e m 8 C 2 6 Federal, state, and local revenues are on a reimbursement basis, and the Commission will receive these revenues as the projects are completed and invoiced to the respective agencies. During the FY 2010/11 budget process, the Commission took a conservative approach in estimating the Transportation Uniform Mitigation Fee (TUMF) receipts as a result of the housing crisis and the significant impact this has had on the Inland Empire's local economy. The operating statement shows the TUMF revenues at 20% of the budget. The Commission took a conservative approach in estimating interest income for FY 2010/11, as a result of flat interest yields on invested balances. Interest income is at 89% of budget as a result of this conservative approach. The expenditure categories are in line overall with the expectations of the budget with the following exceptions: • Professional services are under budget due to ongoing contract negotiations with Burlington Northern Santa Fe regarding the 4'h Main track, downscaled toll feasibility work on the Interstate 15 Corridor Improvement Project (CIP) lanes project due to market conditions, and unused additional budget authority for level 2 and level 3 toll feasibility work on the State Route 91 CIP. • Support costs are slightly under budget due to unused budget authority for station maintenance and repair and utilities. This category is expected to be in line with the overall budget in the third quarter. • Program operation expenditures are slightly under budget and reflect vendor invoices for Freeway Service Patrol towing and program management submitted through the period of November 2010. • Operating and capital disbursements are made as claims are submitted to the Commission by the transit operators. • Special studies are under budget due to unexpended funds for Caltrans project initiation documents (PID) related to planning, programming, and monitoring. Due to the state's budget uncertainty, additional funds were budgeted in FY 2010/11, should the Commission be required to reimburse Caltrans for PIDs. • Local streets and roads expenditures are related to the timing of the Measure A sales tax revenues as previously explained. These financial statements reflect expenditures made to the local jurisdictions related to collections through October 2010. • Regional arterial expenditures are a program administered by the Coachella Valley Association of Governments (CVAG). CVAG requests reimbursements from the Commission based on available funds and sufficient budget authority. Agenda Item 8C • i 27 " " C a p i t a l o u t l a y e x p e n d i t u r e s a r e u n d e r b u d g e t d u e t o u n e x p e n d e d a u t h o r i t y f o r f i n a n c i a l s o f t w a r e i m p r o v e m e n t s . S t a f f e x p e c t s t h e s e i m p r o v e m e n t s t o b e c o m p l e t e d b y t h e f o u r t h q u a r t e r o f F Y 2 0 1 0 / 1 1 . I n S e p t e m b e r 2 0 1 0 , t h e C o m m i s s i o n i s s u e d $ 2 0 m i l l i o n i n c o m m e r c i a l p a p e r n o t e s . I n D e c e m b e r 2 0 1 0 , t h e C o m m i s s i o n i s s u e d $ 1 5 0 m i l l i o n i n s a l e s t a x r e v e n u e b o n d s t o p r o v i d e f u n d i n g f o r t h e a d v a n c e m e n t o f 2 0 0 9 M e a s u r e A p r o j e c t s a n d r e t i r e $ 1 0 3 , 2 8 4 , 0 0 0 o f t h e c o m m e r c i a l p a p e r n o t e s . D e b t s e r v i c e i n t e r e s t e x p e n d i t u r e s a r e m a d e i n D e c e m b e r a n d J u n e , w h i l e p r i n c i p a l p a y m e n t s a r e m a d e i n J u n e . T h e d e b t s e r v i c e e x p e n d i t u r e s a s o f t h e e n d o f t h e s e c o n d q u a r t e r i n c l u d e p r i n c i p a l p a y m e n t s m a d e t o r e t i r e a l l o f t h e o u t s t a n d i n g c o m m e r c i a l p a p e r n o t e s w i t h t h e p r o c e e d s f r o m t h e 2 0 1 0 s a l e s t a x r e v e n u e b o n d s . T h e c o s t o f i s s u a n c e e x p e n d i t u r e s r e l a t e t o t h e 2 0 1 0 s a l e s t a x r e v e n u e b o n d s i s s u e d i n D e c e m b e r 2 0 1 0 . S t a f f w i l l c o n t i n u e t o m o n i t o r t h e r e v e n u e s a n d e x p e n d i t u r e s a n d w i l l n o t i f y t h e C o m m i s s i o n o f a n y u n u s u a l e v e n t s . L i s t e d b e l o w a r e t h e s i g n i f i c a n t c a p i t a l p r o j e c t s a n d t h e s t a t u s . C a p i t a l p r o j e c t e x p e n d i t u r e s a r e g e n e r a l l y a f f e c t e d b y l a g s i n i n v o i c e s s u b m i t t e d b y c o n t r a c t o r s a n d c o n s u l t a n t s , a s w e l l a s i s s u e s e n c o u n t e r e d d u r i n g c e r t a i n p h a s e s o f t h e p r o j e c t s . T h e c a p i t a l p r o j e c t s b u d g e t s t e n d t o b e b a s e d o n a g g r e s s i v e p r o j e c t s c h e d u l e s . H i g h w a y E n g i n e e r i n g / C o n s t r u c t i o n / R i g h t o f W a y / L a n d S R - 9 1 V a n B u r e n B o u l e v a r d I n t e r c h a n g e - T h e c i t y o f R i v e r s i d e i s t h e l e a d a g e n c y f o r t h i s p r o j e c t . C o n s t r u c t i o n s t a r t e d i n M a r c h 2 0 1 0 a n d t h e p r o j e c t i s p r o g r e s s i n g . V e n d o r i n v o i c e s f o r t h e M e a s u r e A f u n d e d p o r t i o n o f c o n s t r u c t i o n f o r $ 5 m i l l i o n a r e e x p e c t e d t o b e r e c e i v e d i n t h e t h i r d q u a r t e r . 6 0 / 2 1 5 E a s t J u n c t i o n H O V L a n e s C o n n e c t o r - R i g h t o f w a y c e r t i f i c a t i o n w a s a p p r o v e d i n t h e f i r s t q u a r t e r o f F Y 2 0 1 0 / 1 1 . T h e p r o j e c t w a s a d v e r t i s e d f o r c o n s t r u c t i o n a n d t h e b i d s w e r e o p e n e d i n t h e f i r s t q u a r t e r F Y 2 0 1 0 / 1 1 . C o n s t r u c t i o n i s c u r r e n t l y f o r e c a s t e d t o s t a r t i n t h e t h i r d q u a r t e r F Y 2 0 1 0 / 1 1 . S R - 6 0 V a l l e y W a y I n t e r c h a n g e - T h e c o u n t y o f R i v e r s i d e i s t h e l e a d a g e n c y f o r t h i s p r o j e c t . T h e c o n s t r u c t i o n c o n t r a c t s t a r t e d i n M a r c h 2 0 1 0 a n d i s e s s e n t i a l l y c o m p l e t e w i t h t h e c o n t r a c t o r c l e a r i n g p u n c h l i s t i t e m s . R e m a i n i n g i n v o i c e s a r e e x p e c t e d t o b e r e c e i v e d i n t h e t h i r d q u a r t e r . A g e n d a I t e m 8 C 2 8 1-215 Central Widening from Scott Road to Nuevo Road - A full notice to proceed (NTP) with final design was issued and the draft environmental document was approved in the second quarter FY 2010/11. 1-215 South Widening from Murrieta Hot Springs Road to Scott Road — Construction will begin in the third quarter FY 2010/11 as scheduled. SR-91 HOV Lanes Project Caltrans is performing design and is on schedule. Expenditures remain within the budget authority, although billings from the state are lagging. Utility relocation contractors continue to perform relocation of utilities; however, no invoices for expenditures incurred to date have been submitted for payment. Staff is performing right of way acquisition, and negotiations continue to progress and are on schedule, while several acquisition, payments are pending settlements. Construction is currently forecasted to start in the first quarter FY 2011 /12. Mid .County Parkway — Right of way acquisitions have been curtailed as property development has subsided, and the critical need to acquire property for protection has been delayed due to the substantial rescoping of the project. SR-91 CIP (Design Build) — A third limited NTP was issued in the first quarter FY 2010/11. Currently, a letter of intent is being prepared for a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to be submitted in March 2011. The Commission anticipates an invitation to apply for the loan in the first quarter FY 201 1 /12. Major right of way acquisition work cannot proceed until early acquisition authority is granted by Caltrans, which is expected by the end of FY 2010/11. 1-15 CIP — Work on the environmental phase continues. The toll feasibility model was completed at the end of the second quarter FY 2010/11. Staff is currently analyzing the results of the toll feasibility model and developing a scoping and an implementation plan to present to the SR-91 CIP Ad Hoc Committee in the fourth quarter FY 2010/11. 71 /91 Interchange Project — The preliminary engineering and environmental phase is scheduled to be completed in late FY 2010/11. Availability of Caltrans resources for the SR-91 is being limited and the SR-91 CIP is a top priority. Completion is expected by the first quarter FY 2011 /12. Rail Engineering / Construction / Right of Way / Land Perris Valley Line — Advance preliminary engineering is approximately 90% complete, and right of way acquisition has not occurred due to environmental and appraisals taking longer than anticipated. Agenda Item 8C • • • 29 Riverside Downtown Station Layover Facility Project - The consultant selection process was completed and contract award for engineering was approved by the Commission in September 2010, and a NTP was issued in the second quarter FY 2010/1 1. Delay in right of way access to perform geotech and environmental sampling caused preliminary engineering to start later than scheduled. La Sierra Station Parking Expansion Project - Final design activities were in progress and completion was expected in the second quarter FY 2010/1 1, followed by submitting the plan check to the city of Riverside. However, the project has been placed on hold due to availability of funding. Attachment: Quarterly Financial Statements - December 2010 Agenda Item 8C 30 " " R e v e n u e s S a l e s t a x F e d e r a l r e i m b u r s e m e n t s S t a t e r e i m b u r s e m e n t s L o c a l r e i m b u r s e m e n t s T r a n s p o r t a t i o n U n i f o r m M i t i g a t i o n F e e O t h e r r e v e n u e s I n t e r e s t T o t a l r e v e n u e s E x p e n d i t u r e s S a l a r i e s a n d b e n e f i t s P r o f e s s i o n a l a n d s u p p o r t P r o f e s s i o n a l s e r v i c e s S u p p o r t c o s t s T o t a l P r o f e s s i o n a l a n d s u p p o r t c a s t s P r o j e c t s a n d o p e r a t i o n s P r o g r a m o p e r a t i o n s - g e n e r a l E n g i n e e r i n g C o n s t r u c t i o n D e s i g n B u i l d R i g h t o f w a y / l a n d O p e r a t i n g a n d c a p i t a l d i s b u r s e m e n t s S p e c i a l s t u d i e s L o c a l s t r e e t s a n d r o a d s R e g i o n a l a r t e r i a l s T o t a l p r o j e c t s a n d o p e r a t i o n s D e b t s e r v i c e P r i n c i p a l I n t e r e s t C o s t o f i s s u a n c e T o t a l d e b t s e r v i c e C a p i t a l o u t l a y T o t a l E x p e n d i t u r e s E x c e s s 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 O t h e r f i n a n c i n g s o u r c e s / ( u s e s ) O p e r a t i n g t r a n s f e r i n O p e r a t i n g t r a n s f e r o u t D e b t p r o c e e d s D i s c o u n t o n d e b t p r o c e e d s T o t a l f i n a n c i n g s o u r c e s / ( u s e s ) N e t c h a n g e i n f u n d b a l a n c e s F u n d b a l a n c e J u l y 1 , 2 0 1 0 F u n d b a l a n c e D e c e m b e r 3 1 , 2 0 1 0 R I V E R S I D E C O U N T Y T R A N P O R T A T I O N C O M M I S S I O N Q U A R T E R L Y B U D G E T V S A C T U A L 2 N D Q U A R T E R F O R T H R E E M O N T H S E N D E D 1 2 / 3 1 / 2 0 1 0 F Y 2 0 1 0 / 1 1 2 N D Q U A R T E R B U D G E T A C T U A L $ 1 9 0 , 0 5 4 , 5 1 9 2 8 , 8 7 0 , 7 0 0 2 5 , 2 1 0 , 1 0 0 6 7 6 , 9 0 0 9 , 3 0 0 , 0 0 0 3 3 1 , 8 0 0 1 , 8 3 0 , 0 0 0 $ 6 2 , 9 8 1 , 7 5 4 3 , 2 0 8 , 3 1 7 1 , 7 4 7 , 0 0 1 1 5 1 , 0 3 9 1 , 8 1 9 , 0 2 2 1 7 8 , 8 5 1 1 , 6 3 2 , 9 7 9 2 5 6 , 2 7 4 , 0 1 9 7 1 , 7 1 8 , 9 6 3 6 , 2 2 5 , 0 0 0 3 , 1 7 3 , 7 7 4 2 1 , 5 5 9 , 6 3 0 4 , 3 8 8 , 8 5 4 4 , 7 1 0 , 7 3 0 1 , 8 7 0 , 4 3 0 2 6 , 2 7 0 , 3 6 0 6 , 2 5 9 , 2 8 4 1 2 , 6 2 6 , 4 0 0 6 2 , 5 3 8 , 3 1 9 5 1 , 3 4 0 , 6 3 0 2 2 , 9 9 1 , 0 0 0 1 4 9 , 2 8 7 , 8 0 0 1 1 1 , 7 9 8 , 9 4 0 1 , 6 1 4 , 7 0 0 3 3 , 6 6 8 , 4 0 0 1 5 , 1 9 5 , 0 0 0 4 6 1 , 0 6 1 , 1 8 9 9 2 , 3 0 0 , 0 0 0 1 2 , 4 0 5 , 0 0 0 1 , 5 2 0 0 0 0 1 0 6 , 2 2 5 , 0 0 0 3 3 5 , 2 7 0 6 0 0 . 1 1 6 , 8 1 9 ( 3 4 3 , 8 4 2 , 8 0 0 ) 2 5 1 , 4 7 8 , 7 2 1 ( 2 5 1 , 4 7 8 , 7 2 1 ) 1 8 5 , 0 0 0 , 0 0 0 3 , 9 9 5 , 7 3 7 8 , 1 7 1 , 0 7 9 3 , 7 4 5 , 8 6 7 4 , 1 3 6 , 7 0 5 2 1 , 4 2 3 , 8 5 3 4 3 , 9 7 3 , 3 3 6 1 2 4 , 8 6 1 1 0 , 9 4 6 , 6 4 2 3 , 5 3 5 , 3 1 1 1 0 0 , 0 5 3 , 3 9 1 1 0 3 , 2 8 4 , 0 0 0 2 , 7 6 5 , 4 6 8 1 , 2 7 1 , 4 6 1 1 0 7 , 3 2 0 , 9 2 9 1 0 3 , 9 0 6 2 1 6 , 9 1 1 2 8 4 ( 1 4 5 , 1 9 2 , 3 2 1 ) 1 2 2 , 6 7 7 , 8 7 0 ( 1 2 2 , 6 7 7 , 8 7 0 ) 1 7 0 , 0 0 0 , 0 0 0 ( 9 6 7 , 4 6 7 ) 1 8 5 , 0 0 0 , 0 0 0 1 6 9 , 0 3 2 , 5 3 3 ( 1 5 8 , 8 4 2 , 8 0 0 ) 5 0 0 , 4 5 8 , 2 0 0 2 3 , 8 4 0 , 2 1 2 R E M A I N I N G B A L A N C E $ ( 1 2 7 , 0 7 2 , 7 6 5 ) ( 2 5 , 6 6 2 , 3 8 3 ) ( 2 3 , 4 6 3 , 0 9 9 ) ( 5 2 5 , 8 6 1 ) ( 7 , 4 8 0 , 9 7 8 ) ( 1 5 2 , 9 4 9 ) ( 1 9 7 , 0 2 1 ) ( 1 8 4 , 5 5 5 , 0 5 6 ) 3 , 0 5 1 , 2 2 6 1 7 , 1 7 0 , 7 7 6 2 , 8 4 0 , 3 0 0 2 0 , 0 1 1 , 0 7 6 8 , 6 3 0 , 6 6 3 5 4 , 3 6 7 , 2 4 0 4 7 , 5 9 4 , 7 6 3 1 8 , 8 5 4 , 2 9 5 1 2 7 , 8 6 3 , 9 4 7 6 7 , 8 2 5 , 6 0 4 1 , 4 8 9 , 8 3 9 2 2 , 7 2 1 , 7 5 8 1 1 , 6 5 9 , 6 8 9 3 6 1 , 0 0 7 , 7 9 8 ( 1 0 , 9 8 4 , 0 0 0 ) 9 , 6 3 9 , 5 3 2 2 4 8 , 5 3 9 ( 1 , 0 9 5 , 9 2 9 ) 2 3 1 , 3 6 4 P E R C E N T U T I L I Z A T I O N 3 3 % 1 1 % 7 % 2 2 % 2 0 % 5 4 % 8 9 % 2 8 % 5 1 % 2 0 � A 4 0 % 2 4 % 3 2 % 1 3 % 7 % 1 8 % 1 4 % 3 9 % 8 % 3 3 % 2 3 % 2 2 % 1 1 2 % 2 2 % 8 4 % 1 0 1 % 3 1 % 3 8 3 , 2 0 5 , 5 3 5 4 3 7 , 8 2 1 , 3 1 4 ( 1 2 8 , 8 0 0 , 8 5 1 ) 1 2 8 , 8 0 0 , 8 5 1 ( 1 5 , 0 0 0 , 0 0 0 ) ( 9 6 7 , 4 6 7 ) 1 5 , 9 6 7 , 4 6 7 4 5 3 , 7 8 8 , 7 8 1 5 5 1 , 5 6 7 , 9 2 8 5 1 , 1 0 9 , 7 2 8 $ 3 4 1 , 6 1 5 , 4 0 0 $ 5 7 5 , 4 0 8 , 1 4 0 $ 5 0 4 , 8 9 8 , 5 0 9 3 6 � A 4 2 % 4 9 % 4 9 % 9 2 % N / A 9 1 % - 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$ 99L'1665 S Uwnll 33d ONOd A3llVA 1V101 SONOS tl3dVd 3DNVISISStl A311VA ALNnOO 30IA9351S3D NO111/011115 WNOlINn NOI1tl1MOd6NVtl1 03NISW00 YYl S3ltls ltlIOtl3WWOD 116NYtl131tl15 Vl13HWOO 30N31‘ N113193M N0111/1)30dSNtltlL 1V001 OIVd Xtll snws tl 39nsvaw 0102/10IZL 030113 SNINOW 338d1210d tl31LVn0 ONL ON n3 AB 91tl013Y SA 1300091119131tlVnD NOISSIWW00 N011V160d6NYd1 A1NI100 30I9Y3Ntl 3dtl4 ONOL 1tlB3N30 /dSd sanuenw 1e101 130.121141 saws., Jay* aad u09e6plpl wmliun uo9ap9d9uml sluawaamgwleL 1eo01 eluewaamgwlu nem eryewesmquilm 95.06°3 gel SOWS sanuenaa • • • 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 / S S / O N D A T E : F e b r u a r y 2 8 , 2 0 1 1 T O : 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 F R O M : 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 : J o h n S t a n d i f o r d , 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 : 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 1 1 / 1 2 B u d g e t 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 t t e e t o : 1 ) 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 Y 2 0 1 1 / 1 2 B u d g e t ; a n d 2 ) F o r w a r d t o t h e C o m m i s s i o n f o r f i n a l a c t i o n . 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 n e x t f i s c a l y e a r t h a t a r 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 . M o s t i m p o r t a n t l y , t h e a d o p t i o n o f t h e 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 a n n u a l f i s c a l b u d g e t p r o v i d e s a n o p p o r t u n i t y t o m a t c h t h e C o m m i s s i o n ' s s p e n d i n g p r i o r i t i e s i n a m a n n e r t h a t i m p l e m e n t s t h e 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 i n b o t h M e a s u r e A E x p e n d i t u r e P l a n s a n d t h a t f u l f i l l s o t h e r C o m m i s s i o n r e s p o n s i b i l i t i e s . T h e C o m m i s s i o n ' s s e v e n l o n g - t e r m p o l i c y g o a l s a r e : " P r o m o t e m o b i l i t y ; " M i t i g a t e a n d a d d r e s s t h e i m p a c t o f g o o d s m o v e m e n t ; " E n c o u r a g e e c o n o m i c d e v e l o p m e n t ; " E n s u r e i m p r o v e d s y s t e m e f f i c i e n c i e s ; " F o s t e r e n v i r o n m e n t a l s t e w a r d s h i p ; " S u p p o r t t r a n s p o r t a t i o n c h o i c e s t h r o u g h 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 ; a n d " P r i o r i t i z e 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 ' s 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 a r e a l s o i n c l u d e d i n t h e 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 Y 2 0 1 1 / 1 2 B u d g e t . A t t a c h m e n t : 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 F Y 2 0 1 1 / 1 2 B u d g e t A g e n d a I t e m 9 3 3 " " " 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 I n a d d i t i o n t o 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 , t h e C o m m i s s i o n h a s s e v e n l o n g - t e r m p o l i c y g o a l s : p r o m o t e m o b i l i t y , m i t i g a t e a n d a d d r e s s t h e i m p a c t o f g o o d s m o v e m e n t , e n s u r e i m p r o v e d s y s t e m e f f i c i e n c i e s , f o s t e r e n v i r o n m e n t a l s t e w a r d s h i p , e n c o u r a g e 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 t r a n s p o r t a t i o n c h o i c e s t h r o u g h 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 , a n d p r i o r i t i z e 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 . F o r e a c h o f t h e s e p o l i c y g o a l s , t h e o b j e c t i v e s a n d i n i t i a t i v e s t h a t w e r e c o n s i d e r e d i n t h e f r a m e w o r k o f t h e w o r k p l a n f o r t h e F Y 2 0 1 1 / 1 2 b u d g e t a r e i d e n t i f i e d b e l o w . W h i l e R i v e r s i d e C o u n t y g r a p p l e s w i t h t h e c h a l l e n g e s o f a d e c l i n i n g r e a l e s t a t e m a r k e t , h i g h u n e m p l o y m e n t , a n d a n u n c e r t a i n e c o n o m y , t h e n e e d f o r b e t t e r t r a n s p o r t a t i o n r e m a i n s a t o p p u b l i c p r i o r i t y . T h e C o m m i s s i o n i s p o i s e d t o a d d r e s s t h e s e c h a l l e n g e s v i a t h e s e v e n p o l i c y g o a l s . I n m o v i n g f o r w a r d w i t h a n a g g r e s s i v e p r o g r a m o f p r o j e c t s a n d s e r v i c e s , t h e C o m m i s s i o n w i l l f a c e t h e c h a l l e n g e o f f l u c t u a t i n g M e a s u r e A , T U M F , a n d T D A r e v e n u e s a n d u n c e r t a i n t y r e g a r d i n g t h e a v a i l a b i l i t y o f f e d e r a l a n d s t a t e t r a n s p o r t a t i o n r e v e n u e s . D u e t o t h e l o n g - t e r m n a t u r e o f m a n y o f t h e C o m m i s s i o n ' s p r o g r a m s , m a n y o f t h e p o l i c y g o a l s ' o b j e c t i v e s a n d i n i t i a t i v e s a r e o n g o i n g f r o m y e a r t o y e a r . P r o m o t e M o b i l i t y 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 . " C o m p l e t e p r o j e c t s a n d p r o g r a m s i n c l u d e d i n t h e 1 9 8 9 M e a s u r e A a n d d e t e r m i n e u s e ( s ) f o r a n y u n e x p e n d e d r e v e n u e s . " C o n t i n u e t o a g g r e s s i v e l y p u r s u e c o m p l e t i o n o f t h e e n v i r o n m e n t a l , d e s i g n , a n d c o n s t r u c t i o n p r o c e s s e s o n k e y c o m p o n e n t s o f 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 D e l i v e r y P l a n , w h i c h i n c l u d e s t h e S R - 9 1 , 1 - 1 5 , a n d 1 - 2 1 5 c o r r i d o r i m p r o v e m e n t p r o j e c t s . " C o n t i n u e t o d e v e l o p t h e t o l l p r o g r a m c o n s i s t e n t w i t h 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 D e l i v e r y P l a n i n c l u d i n g e x e c u t i n g t o l l p r o g r a m a g r e e m e n t s w i t h k e y r e g i o n a l a n d s t a t e p a r t n e r s n a m e l y C a l t r a n s , 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 ( O C T A ) , t o l l o p e r a t o r , c i t y o f C o r o n a , C a l i f o r n i a H i g h w a y P a t r o l ( C H P ) , a n d o t h e r s . " D e v e l o p r e q u e s t s f o r p r o p o s a l s f o r S R - 9 1 c o r r i d o r i m p r o v e m e n t p r o j e c t d e s i g n - b u i l d c o n t r a c t a n d p u r s u e f u n d i n g o p p o r t u n i t i e s v i a t h e T r a n s p o r t a t i o n I n f r a s t r u c t u r e F i n a n c e I n n o v a t i o n A c t ( T I F I A ) l o a n p r o g r a m . " C o n t i n u e t h e 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 e n v i r o n m e n t a l c l e a r a n c e f o r t h e M i d C o u n t y P a r k w a y a n d 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 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 f u n d a n d c o n s t r u c t p r o j e c t s p r o g r a m m e d i n t h e S T I P , F e d e r a l 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 ( F T I P ) , P r o p o s i t i o n 1 B b o n d p r o g r a m s , a n d M e a s u r e A p r o g r a m a s w e l l a s o t h e r h i g h 3 4 priority regional projects. • Maximize obtaining all available transportation funds and strategically program funds to meet funding deadlines and to prevent the lapse and loss of funds. • Maximize the effective application and use of Western County TUMF funds to deliver eligible Commission priority projects. • Work closely with local jurisdictions to implement the TUMF Regional Arterial Program and facilitate the delivery of arterial improvements in Western County. • Actively participate in the SR-91 Advisory Committee and Riverside Orange Corridor Authority to facilitate near and long-term improvements to SR-91, enhance intercounty public transit options, and foster the development of a new corridor between the two counties. • Advocate streamlining efforts at the state and federal levels that will reduce costs, time and delays currently associated with project delivery including, but not limited to, timely project reviews and approvals. • Continue to coordinate and provide public access to commuter information via the newly, launched IE 511 system and the development of a supporting traveler information newsletter for Inland Empire commuters. • Continue cooperation with the FTA regarding the Small Starts process to support the initiation of the Perris Valley Line commuter rail service in 2012. • Continue to work with the public transit operators to reduce costs and increase system efficiencies in order to accommodate fluctuating revenues .from, state and federal sources. • Continue to develop a vision of transit service to further promote seamless intracity, intercity, and regional transit connectivity for County residents. Mitigate and Address the Impact of 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 goods movement mobility plays in the economic health of the County, the State, and the nation. • Seek funding and local agency concurrence to 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. • Encourage Congress to create a federal freight trust fund, or similar program with a dedicated and firewalled revenue structure, in order to treat the nation's multimodal national goods movement network as a system rather than individual projects. Partners assisting with this issue include the Southern California Association of Governments (SCAG), Los Angeles County Metropolitan Transportation Authority (Metro), OCTA, SANBAG, San Diego Association of Governments (SANDAG), Ventura County Transportation Commission (VCTC), South Coast Air Quality Management District (SCAQMD), Mobility 21, and the Coalition for America's Gateway and Trade Corridors (CAGTC). • Remain committed to a regional approach regarding goods movement issues in order to maximize funding from state and federal sources to goods movement • • • 35 " n e e d s i n S o u t h e r n C a l i f o r n i a . " C o n t i n u e w o r k i n g w i t h t h e P o r t s a n d r e g i o n a l 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 t o d e v e l o p a f u n d i n g m e c h a n i s m f o r n e e d e d p r o j e c t s a n d m i t i g a t i o n o n a r e g i o n a l b a s i s , i n c l u d i n g R i v e r s i d e C o u n t y . E n c o u r a g e 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 . " C o m m i t t o s e e k o p p o r t u n i t i e s r e l a t e d t o t r a n s p o r t a t i o n p r o j e c t s t h a t w i l l c r e a t e j o b s a n d i m p r o v e t h e e c o n o m i c b a s e i n t h e C o u n t y . " 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 . E n s u r e I m p r o v e d S y s t e m E f f i c i e n c i e s T h e C o m m i s s i o n w i l l s e l e c t p r o j e c t s a n d a l l o c a t e f u n d s i n a m a n n e r t h a t w i l l i m p r o v e s a f e t y a n d r e d u c e c o n g e s t e d t r a f f i c c o r r i d o r s . " A d v o c a t e t h e d e v e l o p m e n t a n d u s e o f a d v a n c e d t e c h n o l o g i e s f o r t r a n s p o r t a t i o n a p p l i c a t i o n s t h a t a r e a f f o r d a b l e a n d p r a c t i c a l . " I n p a r t n e r s h i p w i t h S A N B A G , r e f i n e a n d e n h a n c e t h e r e c e n t l y l a u n c h e d I E 5 1 1 s y s t e m , w h i c h w i l l m a k e 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 , r e a l - t i m e b u s a n d r a i l t r a n s i t t r i p p l a n n i n g i n f o r m a t i o n , a n d r i d e s h a r e i n f o r m a t i o n a v a i l a b l e t o c o m m u t e r s f o r t h e p u r p o s e o f t r i p p l a n n i n g a n d r e d u c i n g c o n g e s t i o n . " A s s u r e t h e e f f e c t i v e n e s s o f t r a n s i t p l a n n i n g t h r o u g h c o o r d i n a t i o n w i t h t h e C o u n t y ' s e i g h t t r a n s i t o p e r a t o r s , 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 , a n d a n n u a l S R T P p r o c e s s w i t h a g o a l t o w a r d p r o m o t i n g p r o g r a m p r o d u c t i v i t y , e f f i c i e n c y a n d e f f e c t i v e n e s s . " P r o v i d e i n n o v a t i v e c o m m u t e r r i d e s h a r e p r o g r a m s t o r e d u c e s i n g l e o c c u p a n t v e h i c l e t r i p s a n d c o o r d i n a t e w i t h o t h e r r e g i o n a l r i d e s h a r e s e r v i c e p r o v i d e r s t o a d d r e s s i n t e r c o u n t y c o m m u t e t r i p s . " W o r k w i t h l o c a l j u r i s d i c t i o n s , C a l t r a n s a n d t h e C H P t o c o n t i n u e p r o v i d i n g a m o t o r i s t a i d s y s t e m w h i c h i n c l u d e s a c a l l b o x p r o g r a m a n d a n F S P p r o g r a m , i n c l u d i n g t e m p o r a r y s e r v i c e s i n f r e e w a y c o n s t r u c t i o n z o n e s . " L e v e r a g e r e s o u r c e s t o i n c o r p o r a t e p a r k a n d r i d e f a c i l i t i e s a n d a d d i t i o n a l c o n n e c t i n g b u s s e r v i c e a t M e t r o l i n k s t a t i o n s t h a t m a y h a v e a v a i l a b l e c a p a c i t y . " C o n t i n u e w o r k i n g w i t h C a l t r a n s t o m o n i t o r t r a f f i c c o n d i t i o n s f o r t h e p u r p o s e o f f o c u s i n g t r a n s p o r t a t i o n f u n d s o n c o n g e s t e d c o r r i d o r s a n d s y s t e m d e f i c i e n c i e s . 3 6 Foster Environmental Stewardship The Commission will achieve its mobility goals while promoting environmental stewardship and protecting the area's natural resources and quality of life. • Continue working with the Riverside Conservation Authority (RCA), Caltrans, and state/federal resource agencies to implement the Multi -Species Habitat Conservation Plan (MSHCP). • Work with the SCAG, SCAQMD, sub -regional agencies, and local jurisdictions to implement an RTP that meets regional air quality goals, conformity guidelines, and SB 375 green house reduction targets for the SCAG region. • Support a variety of outreach channels and educational programs that promote the benefits of ridesharing, public and specialized transit, rail, and availability of commuter resources for the purposes of reducing vehicle trips and vehicle miles traveled. • Facilitate private/public use of clean fuels technology., • Continue to develop sustainable and green commuter rail stations and provide upgrades and rehabilitation projects to reduce the environmental impact of the existing stations. Support Transportation Choices through lntermodalism and Accessibility County residents will be served, where economically feasible, through the development of transportation alternatives and travel options that consider the needs of a wide range of citizens. • Work with transit providers and local social . service agencies to provide specialized transit service to meet a broad spectrum of socio-economic transit needs of seniors and persons with disabilities. • Leverage commuter assistance and freeway service patrol outreach channels in order to increase the awareness of and foster the use of alternative commuting modes. • Implement the Commission's commuter rail SRTP and SCRRA's plan for commuter rail services with an emphasis on the Perris Valley Line, an extension from Riverside to Perris via Moreno Valley. • Advocate for the provision of Amtrak commuter and/or passenger rail services in the Coachella Valley. • Continue to pursue the goals and objectives as outlined in the Coordinated Public Transit -Human Services Transportation Plan (Coordinated Plan) for Riverside County related to a unified, comprehensive but flexible strategy for transportation service delivery to address transportation gaps and/or barriers focusing on unmet transportation needs of elderly individuals, persons with disabilities, and individuals of limited income. • Enhance security, surveillance, and emergency response capabilities of County transit facilities and infrastructure through proactive planning, interagency coordination, and investment. • • 37 " P r i o r i t i z e 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 . " P r o m o t e a c l o s e w o r k i n g r e l a t i o n s h i p w i t h n e w s a n d c i v i c e n t i t i e s t o i n c r e a s e i n t e r e s t a n d u n d e r s t a n d i n g o f t r a n s p o r t a t i o n a n d r e l a t e d i s s u e s . " E n h a n c e t h e p r o v i s i o n o f p u b l i c i n f o r m a t i o n t h r o u g h v a r i o u s f o r m s ' o f c o m m u n i c a t i o n ( e . g . , w e b s i t e , m o n t h l y n e w s l e t t e r , t e l e v i s i o n , S p e a k e r s B u r e a u , p r i n t m e d i a , r a d i o , e t c ) . " M a i n t a i n a n o n g o i n g e f f o r t o f i n f o r m i n g R i v e r s i d e C o u n t y ' s C o n g r e s s i o n a l a n d S t a t e L e g i s l a t i v e d e l e g a t i o n s r e g a r d i n g C o u n t y t r a n s p o r t a t i o n i s s u e s . " D e v e l o p a n ` e f f e c t i v e l o n g - r a n g e l e g i s l a t i v e s t r a t e g y r e g a r d i n g t h e r e a u t h o r i z a t i o n 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 b i l l t o e n s u r e t h a t t h e f e d e r a l g o v e r n m e n t p a r t i c i p a t e s a s a f u l l p a r t n e r i n f u n d i n g R i v e r s i d e C o u n t y p r o j e c t s t h a t a r e o f n a t i o n a l a n d r e g i o n a l s i g n i f i c a n c e . " A d v o c a t e f o r s u f f i c i e n t f u n d i n g f o r R i v e r s i d e C o u n t y t r a n s i t a n d t r a n s p o r t a t i o n p r o j e c t s f r o m v a r i o u s f e d e r a l a n d s t a t e r e v e n u e s o u r c e s i n c l u d i n g , b u t n o t l i m i t e d t o , a n n u a l f e d e r a l a p p r o p r i a t i o n s , e c o n o m i c r e c o v e r y p r o g r a m s , S T I P , a n d P r o p o s i t i o n 1 B b o n d p r o g r a m s . " S e e k l e g i s l a t i v e f l e x i b i l i t y f o r i n n o v a t i v e f i n a n c i n g a n d d e l i v e r y m e t h o d s . " M a i n t a i n o n g o i n g e f f o r t s t o e d u c a t e c o m m u t e r s , b u s i n e s s e s , a n d t h e p u b l i c r e g a r d i n g t h e C o m m i s s i o n ' s t o l l p l a n n i n g e f f o r t s a n d s p e c i f i c p r o j e c t d e v e l o p m e n t e f f o r t s c u r r e n t l y u n d e r w a y . 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 F i n a n c i a l P l a n n i n g P o l i c i e s " A d m i n i s t r a t i v e c o s t s , i n c l u d i n g s a l a r i e s a n d b e n e f i t s , s h a l l b e f u n d e d b y a l l o c a t i o n s f r o m M e a s u r e A , L T F , F S P , S A F E , a n d T U M F f u n d 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 s 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 ) . T h e C o m m i s s i o n s h a l l b u d g e t 1 0 0 % o f t h e a n n u a l r e q u i r e d c o n t r i b u t i o n r e l a t e d t o t h e p o s t r e t i r e m e n t h e a l t h c a r e b e n e f i t s . " T h e C o m m i s s i o n s h a l l u t i l i z e u n e x p e n d e d 1 9 8 9 M e a s u r e A f u n d s o n l y f o r p r o j e c t s a n d p r o g r a m s i n c l u d e d i n t h e 1 9 8 9 M e a s u r e A . S a l e s t a x r e v e n u e s f r o m t h e 2 0 0 9 M e a s u r e A s h a l l b e e x p e n d e d o n l y f o r p r o j e c t s a n d p r o g r a m s i n c l u d e d i n t h e 2 0 0 9 M e a s u r e A . " 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 3 8 available estimates, with the understanding that, to the extent actuals vary from those estimates and the project is ongoing, adjustments will be made on a continual basis. • The fiscal capital budget should be consistent with the strategic plan and deviations appropriately noted, explained, and justified. • A balanced budget shall be adopted annually with operating and capital expenditures and other financing uses funded by identified revenues and other financing sources as well as available fund balances. Revenue Policies • Sales tax revenue projections will be revised semi-annually to ensure use of current and relevant data. Staff may adjust annual amounts to reflect the most current economic trends. • A strategic application of local funding sources will ,be used to maximize federal and state funding of projects. •; Fiduciary responsibility regarding Western County TUMF revenues shall be exercised, and revenues will be allocated pursuant to Commission direction and the approved 2009 Measure A. Debt Management Policies - • Outstanding sales tax revenue bonds shall not exceed $975-million. • The Commission will maintain 2.0x debt ratio coverage on all senior sales tax revenue debt. • Debt issuance will be for major capital projects including engineering, right of way, and construction. Debt secured by Measure A revenues may be used to advance projects included in the 2009 Measure A expenditure plan. • Operating requirements, if any, must be paid from current ongoing revenues and may not be financed. • Costs of issuance, including the standard underwriter's discount, will not exceed two percent (2%). • The Commission may enter into interest rate swaps to better manage assets and liabilities and take advantage of market conditions to lower overall costs and reduce interest rate risk. • While it is the intent of the Commission to establish a cash debt reserve for long term bond issuance, surety bonds can be obtained when beneficial to the Commission. • ,All sales tax revenue debt must mature prior to the termination of 2009 Measure A on June 30, 2039. Expenditure Accountability Policies • Established priorities for planning and programming of capital projects will be reviewed annually with the Commission. • Actual expenditures will be compared to the budget on at least a quarterly basis, • 39 " a n d s i g n i f i c a n t d e v i a t i o n s w i l l b e 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 s e r v e 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 p r o g r a m r e s e r v e s i n a c c o r d a n c e w i t h M e a s u r e A a n d T D A p o l i c i e s a n d g u i d e l i n e s . " T h e C o m m i s s i o n w i l l e s t a b l i s h a n d m a i n t a i n a t r a n s i t o p e r a t o r ' s r e s e r v e o f t e n p e r c e n t ( 1 0 % ) f o r t h e 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 d d i t i o n a l l y , a t e n p e r c e n t ( 1 0 % ) r e s e r v e w i l l b e e s t a b l i s h e d a n d m a i n t a i n e d f o r e a c h o f t h e W e s t e r n C o u n t y t r a n s i t o p e r a t o r s ( p u b l i c b u s a n d c o m m u t e r r a i l ) . C a s h M a n a g e m e n t a n d I n v e s t m e n t P o l i c i e s " W h e r e p o s s i b l e , t h e C o m m i s s i o n w i l l e n c o u r a g e r e c e i p t o f f u n d s b y w i r e t r a n s f e r t o i t s a c c o u n t s . " B a l a n c e s i n t h e b a n k o p e r a t i n g a c c o u n t w i l l b e m a i n t a i n e d a t t h e a m o u n t n e c e s s a r y t o m e e t m o n t h l y e x p e n d i t u r e s . " I d l e f u n d s w i l l b e i n v e s t e d p e r t h e C o m m i s s i o n ' s e s t a b l i s h e d i n v e s t m e n t p o l i c y e m p h a s i z i n g i n o r d e r o f p r i o r i t y : 1 ) s a f e t y , 2 ) l i q u i d i t y , a n d 3 ) y i e l d . " C a s h d i s b u r s e m e n t s t o l o c a l j u r i s d i c t i o n s a n d v e n d o r s / c o n s u l t a n t s w i l l b e c o m p l e t e d i n a n e x p e d i t i o u s a n d t i m e l y m a n n e r . A u d i t i n g , A c c o u n t i n g , a n d F i n a n c i a l R e p o r t i n g 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 c o n t i n u e t h e r e p l a c e m e n t o f i t s f i n a n c i a l s o f t w a r e s y s t e m i n o r d e r t o b e t t e r i n t e g r a t e p r o j e c t a c c o u n t i n g n e e d s a n d i m p r o v e a c c o u n t i n g e f f i c i e n c y . " T h e C o m m i s s i o n w i l l i s s u e a C o m p r e h e n s i v e A n n u a l F i n a n c i a l R e p o r t ( C A F R ) i n a c c o r d a n c e w i t h t h e G A S B S t a t e m e n t 3 4 f i n a n c i a l r e p o r t i n g m o d e l . " A n a u d i t i s t o b e c o n d u c t e d a n n u a l l y o n t h e C o m m i s s i o n ' s a c c o u n t i n g b o o k s a n d r e c o r d s . A s l o n g a s t h e C o m m i s s i o n h a s o u t s t a n d i n g b o n d s , a n i n d e p e n d e n t a c c o u n t i n g f i r m m u s t c o n d u c t t h e a u d i t . " T h e C o m m i s s i o n i s r e s p o n s i b l e f o r e n s u r i n g t h a t a u d i t s o f M e a s u r e A a n d T D A f u n d i n g r e c i p i e n t s a r e c o m p l e t e d a n d r e v i e w e d f o r c o m p l i a n c e a n d o t h e r m a t t e r s i n a t i m e l y m a n n e r . " A n i n t e r n a l a u d i t p r o g r a m w i l l b e m a i n t a i n e d t o i d e n t i f y i m p r o v e m e n t s i n c o n t r o l s a n d p r o c e d u r e s a s w e l l a s b e s t p r a c t i c e s . H u m a n R e s o u r c e s M a n a g e m e n t P o l i c i e s " C o m m i s s i o n s t a f f i n g l e v e l s w i l l b e c o n s i s t e n t w i t h t h e i n t e n t o f i t s e n a b l i n g l e g i s l a t i o n , w h i c h e n v i s i o n e d a s m a l l , b u t e f f e c t i v e s t a f f . " C o n t r a c t s t a f f a n d c o n s u l t a n t s w i l l b e u s e d t o a u g m e n t s t a f f e f f o r t s a s m u c h a s p o s s i b l e t o s u p p o r t p r o g r a m s o r w o r k l o a d s , w h i c h d o n o t a p p e a r t o b e o f a p e r m a n e n t n a t u r e . 4 0 Information Technology Management Policies • Significant effort will be made to maintain efficient and cost-effective technology infrastructure by continuously upgrading network equipment and software to ensure quality performance, productivity, and connectivity among staff, other agencies, and the public. Network security will continue to be a top priority to maintain the integrity of the Commission's network and information. • 41 3/1/2011 Budget Policy Goals and Objectives Commission Policy Goals Development of Budget fitment Goals and Objectives ommission Policy Goals m Map..nO"^a r Mtli£fA4n Penis\ m fivM W aeMeN �agpw^M ba tlNiv}.' 1 3/1 /2011 Goods Movement ,,. th partners;to ouragesfederal ht trust ;fund for Few. adlSm f lonsi System Efficiencies • Advocate for advanced technologies for transportation applications • Refine and enhanee;1E511 system • Assure effective transit planning through coordination with other agendas • Workwith Celtrahs to monitor traffic conditions Economic Developmen Environmental Stewardship i rad Werkvi6th . agenc*on Ft"fP5r, 1oiteerair, =-9 l+• goat, e 75 led targets.;: facilitate -alergn tu8[S -teU3riP. :1 DeYatop 8tuatainable007 greerraimnaiter :Fall statlkfts 2 3/1 /2011 Intermodalism & Accessibility .n oft sp'eas€iasdf€<u:#it 4 011 10titf rdi L Financial & Administration Policies A0Q0'3'tfing • Revenue • a.4,ondittie-6 fiCC9Unta�lllt}� ;�. iiesenrss i'Aiaoti ;�+;nrottt¢til�, af9tl' i€121YCtaF AdtvartisftBIIfNi • Human 'Resources Management • Information Teahrn?I09.y Management ; Communications _ till t:trle r+rwmcldPr`r!r'xirrr ' actt,cti Wfterr vote wrel,w: OceokSp legmsCiv . ereld state Wrong r1 Next Steps Vettap lent ofattiget' ' Departmental bc...multiets, Including' linkage on potty goals. CompiletlOn amG:tevlew Ol ti 25--881 review al executive - May 11-001nmlsSion opens pubic.. summary ;'hearing and review of executive summery.. May 29--981 review of budget. June 8—Commission closes pubic bearing and adopts budget 3 AGENDA ITEM 10 " " 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 : F e b r u a r y 2 8 , 2 0 1 1 T O : 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 F R O M : J i l l i a n E d m i s t o n , S t a f f A n a l y s t B r i a n C u n a n a n , C o m m u t e r A s s i s t a n c e M a n a g e r T H R O U G H : R o b e r t Y a t e s , M u l t i m o d a l S e r v i c e s D i r e c t o r S U B J E C T : C i t y o f B e a u m o n t ' s B i c y c l e T r a n s p o r t a t i o n 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 t t e e t o : 1 ) A p p r o v e t h e c i t y o f B e a u m o n t ' s a d o p t e d B i c y c l e T r a n s p o r t a t i o n P l a n a s s u b m i t t e d ; a n d 2 ) F o r w a r d t o t h e C o m m i s s i o n f o r f i n a l a c t i o n . B A C K G R O U N D I N F O R M A T I O N : T h e c i t y o f B e a u m o n t ' s ( B e a u m o n t ) a d o p t e d B i c y c l e T r a n s p o r t a t i o n P l a n ( B T P ) h a s b e e n s u b m i t t e d t o t h e C o m m i s s i o n f o r c e r t i f i c a t i o n t h a t i t c o m p l i e s w i t h t h e r e q u i r e m e n t s o f t h e s t a t e ' s B i c y c l e T r a n s p o r t a t i o n A c c o u n t ( B T A ) p r o g r a m a s r e q u i r e d b y s t a t e l a w . T h e s t a t e ' s B T A p r o g r a m m a y f u n d a m a x i m u m o f 9 0 % o f t h e c o s t o f e l i g i b l e p r o j e c t s a n d e a c h j u r i s d i c t i o n i s e l i g i b l e t o r e c e i v e u p t o 2 5 % o f t h e f u n d s a v a i l a b l e f o r a n y g i v e n y e a r . B e a u m o n t C i t y C o u n c i l a p p r o v e d t h e B T P i n N o v e m b e r 2 0 0 7 . T h e B T P w a s s u b s e q u e n t l y a m e n d e d i n O c t o b e r 2 0 1 0 . A c c o r d i n g l y , t h e C o m m i s s i o n m u s t a f f i r m t h a t t h e B T P m e e t s t h e r e q u i r e m e n t s o f t h e s t a t e ' s B T A p r o g r a m i n o r d e r t o b e e l i g i b l e t o a p p l y f o r B T A g r a n t f u n d i n g . C o m m i s s i o n s t a f f h a s r e v i e w e d B e a u m o n t ' s a d o p t e d B T P a n d f i n d s t h a t i t s a t i s f i e s t h e r e q u i r e m e n t s o f t h e s t a t e ' s B T A p r o g r a m a s s p e c i f i e d b y s t a t e l a w . T h e r e i s n o f i n a n c i a l i m p a c t t o t h e C o m m i s s i o n , a s t h e s t a t e ' s B T A f u n d i n g i s d i r e c t e d t h r o u g h t h e s t a t e t o t h e c i t y . A t t a c h m e n t : B e a u m o n t ' s A d o p t e d B T P M a p A g e n d a I t e m 1 0 4 2 1501-90 /196/ +Re Mel -.9 , //y6/ :7k1 007t$ a124.4147 ropu.r� RI? •INS '+h}/VvJ gOlY llso siuzz727nsuo) o.b6.07 uziga.g • JNIlSIX311V111 oNINIH -----•---- 03S0d02ldliV2il'JNIHIH--•----•- ONILLSIX3111SSV10 •-•-•-•- 03S0d02id Ili SSV10 ONIISIX3 II SSI+IO----- 03S0d021d II SSYIO - - -- - OKILLSIX3 I SSV-10 03S0d01c1 SSV13-. 4r{ia!, - 4 114sapaci. 18 aItfr �uouzn�aa 3o^ • ANYONno9 u0 1V10213WYJ00 SMIVd °Hand S100H0S �a"�+.o""o��; if: AGENDA ITEM 11 " " 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 : F e b r u a r y 2 8 , 2 0 1 1 T O : 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 F R O M : J i l l i a n E d m i s t o n , S t a f f A n a l y s t B r i a n C u n a n a n , C o m m u t e r A s s i s t a n c e M a n a g e r T H R O U G H : R o b e r t Y a t e s , M u l t i m o d a l S e r v i c e s D i r e c t o r S U B J E C T : C i t y o f M o r e n o V a l l e y ' s A m e n d e d B i c y c l e T r a n s p o r t a t i o n 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 t t e e t o : 1 ) A p p r o v e t h e c i t y o f M o r e n o V a l l e y ' s a m e n d e d B i c y c l e T r a n s p o r t a t i o n P l a n a s s u b m i t t e d ; a n d 2 ) F o r w a r d t o t h e C o m m i s s i o n f o r f i n a l a c t i o n . B A C K G R O U N D I N F O R M A T I O N : T h e c i t y o f M o r e n o V a l l e y ' s ( M o r e n o V a l l e y ) a m e n d e d B i c y c l e T r a n s p o r t a t i o n P l a n ( B T P ) h a s b e e n s u b m i t t e d t o t h e C o m m i s s i o n f o r c e r t i f i c a t i o n t h a t i t c o m p l i e s w i t h t h e r e q u i r e m e n t s o f t h e s t a t e ' s B i c y c l e T r a n s p o r t a t i o n A c c o u n t ( B T A ) p r o g r a m a s r e q u i r e d b y s t a t e l a w . T h e s t a t e ' s B T A p r o g r a m m a y f u n d a m a x i m u m o f 9 0 % o f t h e c o s t o f e l i g i b l e p r o j e c t s a n d e a c h j u r i s d i c t i o n i s e l i g i b l e t o r e c e i v e u p t o 2 5 % o f t h e f u n d s a v a i l a b l e f o r a n y g i v e n y e a r . M o r e n o V a l l e y a m e n d e d i t s B T P i n J a n u a r y 2 0 1 1 . A c c o r d i n g l y , t h e C o m m i s s i o n m u s t r e a f f i r m t h a t t h e a m e n d e d p l a n m e e t s t h e r e q u i r e m e n t s o f t h e s t a t e ' s B T A p r o g r a m . M o r e n o V a l l e y h a s m o d i f i e d t h e B T P i n o r d e r t o u t i l i z e r e m a i n i n g g r a n t m o n i e s f r o m t h e s t a t e ' s B T A . C o m m i s s i o n s t a f f h a s r e v i e w e d M o r e n o V a l l e y ' s a m e n d e d B T P a n d f i n d s t h a t i t s a t i s f i e s t h e r e q u i r e m e n t s o f t h e s t a t e ' s B T A p r o g r a m a s s p e c i f i e d b y s t a t e l a w . T h e r e i s n o f i n a n c i a l i m p a c t t o t h e C o m m i s s i o n , a s t h e s t a t e ' s B T A f u n d i n g i s d i r e c t e d t h r o u g h t h e s t a t e t o t h e c i t y . A t t a c h m e n t : M o r e n o V a l l e y ' s A m e n d e d B T P M a p A g e n d a I t e m 1 1 4 4 £ lulaulttoeke .0n0 ..wma a.aa.ao.s .s.00,1'04R00+pewl.bu0p.mq. N.M41d+MP40 wet0000 •100..b • 00.0.1.110001. nu*. .04x0 sr.l. temaso m ' +ew 80.8P.5104.uw.e'm I.N..altP w0.SrJ40%.gova w sMiMla�o M6Y101.i iYW..GRM1W SW31SA9110/0114tW jM 011ielne0-15 pwu•nauetppesa aGlQ".(amae; taepWadman./amslo$! e 4102E80HN a001d0049 Of021,140P0 bNO 00ry4I f---,-a 11 S 9b 0 Se'0 e9 1004I 000'S 0 001% OOPS N se!aGwageM stvaq&y — spsna — III ssera III B9en -- uollevisselo As avg ueid Aema418 pasodad A31117A ON3110It " A G E N D A I T E M 1 2 " 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 : F e b r u a r y 2 8 , 2 0 1 1 T O : 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 F R O M : A a r o n H a k e , G o v e r n m e n t R e l a t i o n s M a n a g e r T H R O U G H : J o h n S t a n d i f o r d , 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 : S t a t e a n d F e d e r a l L e g i s l a t i v e U p d a t e 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 t t e e t o : 1 ) A p p r o v e t h e f o l l o w i n g b i l l p o s i t i o n s : " A J R 4 ( M i l l e r ) S u p p o r t ; " H . R . 5 2 6 ( C a l v e r t ) S u p p o r t ; " H . R . 3 0 4 ( G a l l e g l y ) O p p o s e a n d W o r k w i t h A u t h o r ; 2 ) R e c e i v e a n d f i l e a n u p d a t e o n s t a t e a n d f e d e r a l l e g i s l a t i v e a c t i v i t i e s ; a n d 3 ) F o r w a r d t o t h e C o m m i s s i o n f o r f i n a l a c t i o n . B A C K G R O U N D I N F O R M A T I O N : S t a t e U p d a t e A s s e m b l y m a n M i l l e r I n t r o d u c e s R e s o l u t i o n i n S u p p o r t o f S t a t e R o u t e 9 1 T r a n s p o r t a t i o n I n f r a s t r u c t u r e F i n a n c e a n d I n n o v a t i o n A c t A p p l i c a t i o n F o r m e r R C T C C o m m i s s i o n e r a n d A s s e m b l y m a n J e f f M i l l e r i n t r o d u c e d A J R 4 , c a l l i n g o n t h e f e d e r a l g o v e r n m e n t t o a w a r d a T r a n s p o r t a t i o n I n f r a s t r u c t u r e F i n a n c e a n d I n n o v a t i o n A c t ( T I F I A ) l o a n g u a r a n t e e t o t h e S R - 9 1 C o r r i d o r I m p r o v e m e n t P r o j e c t ( S R - 9 1 C I P ) . F o l l o w i n g t h e b i - p a r t i s a n s u p p o r t f o r A B 2 0 9 8 ( M i l l e r ) l a s t y e a r t o a c c e l e r a t e t h e S R - 9 1 C I P , t h e A s s e m b l y J o i n t R e s o l u t i o n c a l l s a t t e n t i o n t o t h e s t a t e w i d e s i g n i f i c a n c e o f t h e p r o j e c t f o r j o b c r e a t i o n a n d e c o n o m i c r e c o v e r y i n C a l i f o r n i a . S t a t e B u d g e t D i s c u s s i o n s C o n t i n u e ; F u e l T a x S w a p R e - E n a c t m e n t S t i l l N e e d e d A s m u c h o f t h e f o c u s o f o n g o i n g b u d g e t t a l k s i s o n r e d e v e l o p m e n t a n d t a x e x t e n s i o n s , a c o a l i t i o n o f c o n t r a c t o r s , l a b o r , t r a n s i t a g e n c i e s , c i t i e s , c o u n t i e s , a n d s e l f - h e l p e n t i t i e s h a v e e d u c a t e d l e g i s l a t i v e l e a d e r s o n t h e n e e d f o r t i m e l y r e - e n a c t m e n t o f l a s t y e a r ' s f u e l t a x s w a p . C o m p l i a n c e w i t h P r o p o s i t i o n 2 6 ' s r e q u i r e m e n t s t h a t t h e L e g i s l a t u r e r e - e n a c t a n y t a x i n c r e a s e t h a t w a s o f f s e t b y a A g e n d a I t e m 1 2 4 6 related tax decrease, such as was done with the sales and excise taxes on motor and diesel fuels in 2010 by a two-thirds vote is essential to maintain stability of state transportation funding. Based on discussions with legislative offices in the Inland Empire, it appears there is a good understanding of the consequences if the fuel tax swap is not re-enacted. At this time, it appears that resolution to this issue is tied to the successful negotiation of the larger budget package. Federal Update President Releases FY 2012 Budget, Congress Debates Finishing FY 2011 Earlier this month, President Obama unveiled his FY 2012 Budget proposal. The President's transportation budget plan provides the first insights into what the Administration's policy proposal will be for the next surface transportation authorization bill, which has been delayed by more than a year. The budget calls for a 60% increase in transportation spending, similar to 'levels first proposed by the House Democrats in 2009. Although the Administration claim that its proposal will be paid for according to "pay as you go" (PAYGO) rules, the Administration has yet to reveal a specific plan to fund this significant increase. Among the notable policy items that can be extracted from the budget is the proposed creation of a $50 billion National Infrastructure Bank (NIB or "I -Bank"), a long-time Obama priority. However, until the Administration releases a more specific proposal, it is still unclear how the bank would operate. The budget also daylights the concept of moving towards a transportation trust fund rather than today's Highway Trust Fund. This reflects the Administration's belief that funding should not be separated into so many silos by mode (e.g., highways, transit, rail), but rather that funding should flexible across multiple modes to achieve specific performance targets. Again, staff is avvaiting further details on how a transportation trust fund would operate. Simultaneously, House Republicans moved forward with an appropriations bill to direct federal spending for the remainder of FY 2011. The current continuing resolution expires March 4. The focus of the House bill is to cut spending on discretionary programs, helping fulfill a central campaign pledge during the 2010 midterm elections. On the transportation front, the original House bill (H.R. 1) called for rescissions of unobligated high speed rail money, TIGER grants from the American Recovery and Reinvestment Act (ARRA), and unobligated New Starts funds. At the time this staff report was written, over 400 amendments to H.R. 1 had been printed, but the House had not yet acted on any amendments. Staff and lobbyists will closely monitor and respond to any amendments that impact Commission projects. Agenda Item 12 • 47 " C o n g r e s s m a n C a l v e r t R e - I n t r o d u c e s O N T I M E A c t R e p r e s e n t a t i v e K e n C a l v e r t ( R - 4 4 ) h a s r e - i n t r o d u c e d l e g i s l a t i o n t h a t w o u l d l e v y a f e e o n g o o d s e n t e r i n g a n d l e a v i n g t h e c o u n t r y a t a l l l a n d , a i r , a n d s e a p o r t s o f e n t r y i n t h e U n i t e d S t a t e s . T h e f e e w o u l d b e s t a t u t o r i l y i n v e s t e d i n t o d e f i n e d t r a d e c o r r i d o r s s u r r o u n d i n g t h e p o r t a t w h i c h t h e f e e w a s c o l l e c t e d ; t h e r e b y p r o v i d i n g a r e t u r n t o s o u r c e r e v e n u e s t r e a m f o r g o o d s m o v e m e n t p r o j e c t s ' w i t h o u t s u b j e c t i n g t h e f u n d s t o e a r m a r k i n g o r d i v e r s i o n b y C o n g r e s s o r t h e P r e s i d e n t . T h e f e e i s a d v a l o r e m ( 0 . 0 7 5 % o f t h e v a l u e o f g o o d s b e i n g t r a n s p o r t e d ) a n d c a p p e d a t $ 5 0 0 . P r o j e c t s f u n d e d b y t h e f e e a r e d e t e r m i n e d b y a c o n s u l t a t i v e p r o c e s s l e d b y t h e S e c r e t a r y o f U . S . 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 ( U . S . D O T ) t h a t i n c l u d e s r e g i o n a l a g e n c i e s , s t a t e s , a n d t h e p r i v a t e s e c t o r . T h e C o m m i s s i o n h a s p r e v i o u s l y s u p p o r t e d a l l v e r s i o n s o f t h e O N T I M E A c t a n d s t a f f r e c o m m e n d s s u p p o r t o f H . R . 5 2 6 . T h i s i s c o n s i s t e n t w i t h t h e a d o p t e d f e d e r a l p l a t f o r m a n d t h e C o m m i s s i o n ' s l o n g - s t a n d i n g p e r s p e c t i v e t h a t g o o d s m o v e m e n t i s a f e d e r a l i s s u e a n d r e q u i r e s a f e d e r a l s o l u t i o n . R e t r o a c t i v e C o m m u t e r R a i l L i a b i l i t y L e g i s l a t i o n R e t u r n s A s e x p e c t e d , R e p r e s e n t a t i v e E l t o n G a l l e g l y ( R - 2 4 ) r e - i n t r o d u c e d l e g i s l a t i o n t o r e t r o a c t i v e l y r a i s e t h e s t a t u t o r y l i a b i l i t y c a p f o r p a s s e n g e r r a i l a c c i d e n t s . H . R . 3 0 4 w o u l d l i f t t h e c u r r e n t $ 2 0 0 m i l l i o n c a p p e r a c c i d e n t t o $ 2 7 5 m i l l i o n . T h i s i s a r e d u c t i o n f r o m R e p r e s e n t a t i v e G a l l e g l y ' s b i l l i n 2 0 1 0 , w h i c h w o u l d h a v e r a i s e d t h e c a p t o $ 5 0 0 m i l l i o n . H o w e v e r , t h e r e t r o a c t i v i t y c l a u s e r e m a i n s t r o u b l i n g t o t h e C o m m i s s i o n , o u r p a r t n e r a g e n c i e s , a n d t h e S o u t h e r n C a l i f o r n i a R e g i o n a l R a i l A u t h o r i t y ( M e t r o l i n k ) . T h e r e t r o a c t i v e d a t e o f t h e l e g i s l a t i o n e x t e n d s t o t h e d a t e o f t h e t r a g i c 2 0 0 8 C h a t s w o r t h a c c i d e n t t h a t k i l l e d 2 5 p e o p l e . T h e C o m m i s s i o n b e l i e v e s t h i s c o u l d s e t a p r e c e d e n t t h a t w o u l d d r a s t i c a l l y i n c r e a s e i n s u r a n c e c o s t s t o M e t r o l i n k a n d c o m m u t e r r a i l o p e r a t i o n s a r o u n d t h e c o u n t r y . T h e b i l l a l s o a t t e m p t s t o e x e m p t p u b l i c e n t i t i e s f r o m t h e i n c r e a s e d l i a b i l i t y c a p ; t h i s h o w e v e r m a y p r o v e d i f f i c u l t g i v e n t h e c o m p l e x s h a r e d u s e a n d l i a b i l i t y a g r e e m e n t s t h a t p u b l i c 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 n d M e t r o l i n k , h o l d w i t h p r i v a t e r a i l r o a d s . T h e C o m m i s s i o n r e m a i n s c o m m i t t e d t o s a f e t y o f M e t r o l i n k r i d e r s a n d i s a s s i s t i n g i n m a k i n g i n v e s t m e n t s t o p o s i t i v e t r a i n c o n t r o l , g r a d e s e p a r a t i o n s , a n d o t h e r t e c h n i q u e s t o e n h a n c e t h e s a f e t y o f t h e r a i l s y s t e m . S t a f f r e c o m m e n d s t h e C o m m i s s i o n a d o p t a n o p p o s e p o s i t i o n o n H . R . 3 0 4 a n d t o c o n t i n u e w o r k i n g w i t h t h e a u t h o r o n c o n s t r u c t i v e w a y s t o p r o t e c t p a s s e n g e r s a n d e n s u r e t h e f a i r t r e a t m e n t o f t h e f a m i l i e s w h o l o s t l o v e d o n e s i n t h e 2 0 0 8 C h a t s w o r t h a c c i d e n t . A g e n d a I t e m 1 2 4 8 The Commission Gets Involved in National Policy Issues, Elevates State Route 97 Awareness This month marks the beginning of a concerted effort on the federal level to raise the profile of the Commission and the SR-91 CIP. On February 23, Executive Director Anne Mayer testified before a joint field hearing of the House Transportation and Infrastructure Committee and the Senate Committee on Environment and Public Works. Anne Mayer's testimony focused on innovative financing including the TIFIA program, leveraging self-help counties' local revenue streams, and the need for federal partnership to create jobs and deliver projects for the traveling public. In early March, a delegation of six Commissioners, Anne Mayer, and Government Relations Manager Aaron Hake are traveling to Washington, D.C. to meet with members of Congress, policy committee staff, Administration officials, and other stakeholders to discuss the SR-91 CIP and the Commission's policy recommendations on innovative finance. As discussed at the February Commission Workshop, receipt of a federal TIFIA loan ,guarantee is the Commission's highest priority in Washington, D.C. this year and is essential to keeping the SR-91 CIP on schedule. During the trip, the Commission will formally submit its letter of interest to the U.S. DOT for the FY 2011 TIFIA program. Also, in mid -February, the Commission signed a national coalition letter calling on Congress to protect the FY 2011 TIFIA program from budget reductions. _Keeping this program whole will increase the odds of the Commission's success in being selected for this year's funding round. The letter included state. DDT's from around the country, as well as AAA of Southern California and Texas. Attachments: 1) Assembly Joint Resolution — AJR 4 (Miller) 2) National Coalition Letter Dated February 14, 2011 Agenda Item 12 • 49 " C A L I F O R N I A L E G I S L A T U R E - 2 0 1 1 - 1 2 R E G U L A R S E S S I O N A s s e m b l y J o i n t R e s o l u t i o n N o . 4 I n t r o d u c e d b y A s s e m b l y M e m b e r M i l l e r F e b r u a r y 3 , 2 0 1 1 A s s e m b l y J o i n t R e s o l u t i o n N o . 4 R e l a t i v e t o t h e T r a n s p o r t a t i o n I n f r a s t r u c t u r e F i n a n c e a n d I n n o v a t i o n A c t . L E G I S L A T I V E C O U N S E L ' S D I G E S T A J R 4 , a s i n t r o d u c e d , M i l l e r . T r a n s p o r t a t i o n I n f r a s t r u c t u r e F i n a n c e a n d I n n o v a t i o n A c t . T h i s m e a s u r e w o u l d m e m o r i a l i z e t h e P r e s i d e n t o f t h e U n i t e d S t a t e s a n d t h e S e c r e t a r y o f t h e U n i t e d S t a t e s 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 a w a r d a f e d e r a l T r a n s p o r t a t i o n I n f r a s t r u c t u r e F i n a n c e a n d I n n o v a t i o n A c t l o a n g u a r a n t e e t o e n a b l e t h e t i m e l y c o n s t r u c t i o n o f t h e S t a t e R o u t e 9 1 C o r r i d o r I m p r o v e m e n t P r o j e c t i n t h e i n t e r e s t o f e c o n o m i c c o m p e t i t i v e n e s s o f C a l i f o r n i a a n d t h e U n i t e d S t a t e s . F i s c a l c o m m i t t e e : n o . 1 W H E R E A S , T h e T r a n s p o r t a t i o n I n f r a s t r u c t u r e F i n a n c e a n d 2 I n n o v a t i o n A c t ( T I F I A ) p r o g r a m w a s c r e a t e d b y t h e U n i t e d S t a t e s 3 C o n g r e s s t o p r o v i d e c r e d i t a s s i s t a n c e t o n a t i o n a l l y o r r e g i o n a l l y 4 s i g n i f i c a n t s u r f a c e t r a n s p o r t a t i o n p r o j e c t s ; a n d S W H E R E A S , T h e S t a t e R o u t e 9 1 C o r r i d o r I m p r o v e m e n t P r o j e c t 6 r e q u i r e s a f e d e r a l l o a n g u a r a n t e e f r o m t h e T I F I A p r o g r a m t o e n a b l e 7 c o n s t r u c t i o n o f t h e $ 1 . 3 b i l l i o n i n f r a s t r u c t u r e p r o j e c t ; a n d 8 W H E R E A S , T h e S t a t e R o u t e 9 1 C o r r i d o r I m p r o v e m e n t P r o j e c t 9 w i l l b e b u i l t e n t i r e l y w i t h o u t s t a t e o r f e d e r a l f u n d i n g , r e l y i n g s o l e l y 1 0 o n l o c a l r e v e n u e s ; a n d 9 9 5 0 AJR4 — 2 — 1 WHEREAS, The voters of Riverside County, California have 2 twice approved a one-half cent "self-help" sales tax for 3 transportation that includes improvements to State Highway Route 4 91; and 5 WHEREAS, The State Route 91 Corridor Improvement Project 6 will be among the largest highway construction projects to 7 commence in the State of California in nearly a decade; and 8 WHEREAS, The State Route 91 Corridor Improvement Project 9 is anticipated to provide significant economic benefits to the State 10 of California, including, but not limited to, $2 billion in economic 11 output throughout the state, labor income totaling over $778 12 million, $85 million in increased state and local tax revenues, a 13 permanent increase of 830 jobs per year after construction, and 14 time saved by commuters with a net present value of $1.5 billion 15 to the California economy; and 16 WHEREAS, Unemployment in areas of California served by 17 State Highway Route 91 has exceeded 15 percent and remains 18 above 14 percent; and 19 WHEREAS, The State Route 91 Corridor Improvement Project 20 can begin construction in early 2012 if federal TIFIA financing is 21 received; and 22 WHEREAS, The State Route 91 Corridor Improvement Project 23 employs congestion pricing as an innovative tool to manage severe 24 congestion and enable the growth of public transit by bus, rail, and 25 bicycle in a highly constrained, narrow canyon that is the primary 26 route between the inland and coastal regions of southern California, 27 which are inextricably connected to the economic well-being of 28 California; and 29 WHEREAS, The State Route 91 Corridor Improvement Project 30 is a product of regional planning and environmental stewardship, 31 including the largest multispecies habitat conservation plan in the 32 United States, comprehensive integrated planning by the County 33 of Riverside in response to rapid urbanization, and a decade of 34 cooperation between Riverside and Orange Counties in regional 35 transportation management and planning; and 36 WHEREAS, It is in the economic interest of the State of 37 California and the United States to encourage local investment in 38 nationally and regionally significant infrastructure, create jobs in 39 near and long term, and improve the quality of life for 40 hard-working families and businesses who rely on major highways 99 51 3 A J R 4 1 s u c h a s S t a t e H i g h w a y R o u t e 9 1 t o a c c e s s e m p l o y m e n t , c u s t o m e r s , 2 a n d t h e i r f a m i l i e s ; a n d 3 W H E R E A S , T h e L e g i s l a t u r e o f t h e S t a t e o f C a l i f o r n i a h a s , o n 4 t w o s e p a r a t e o c c a s i o n s , a p p r o v e d l e g i s l a t i o n o n a b i p a r t i s a n b a s i s 5 t o a u t h o r i z e a n d a c c e l e r a t e t h e c o n s t r u c t i o n o f t h e S t a t e R o u t e 9 1 6 C o r r i d o r I m p r o v e m e n t P r o j e c t ; n o w , t h e r e f o r e , b e i t 7 R e s o l v e d b y t h e A s s e m b l y a n d t h e S e n a t e o f t h e S t a t e o f 8 C a l i f o r n i a , j o i n t l y , T h a t t h e L e g i s l a t u r e o f t h e S t a t e o f C a l i f o r n i a 9 m e m o r i a l i z e s t h e P r e s i d e n t o f t h e U n i t e d S t a t e s a n d t h e S e c r e t a r y 1 0 o f t h e U n i t e d S t a t e s 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 a w a r d a 1 1 f e d e r a l T I F I A l o a n g u a r a n t e e t o e n a b l e t h e t i m e l y c o n s t r u c t i o n o f 1 2 t h e S t a t e R o u t e 9 1 C o r r i d o r I m p r o v e m e n t P r o j e c t i n t h e i n t e r e s t 1 3 o f e c o n o m i c c o m p e t i t i v e n e s s o f C a l i f o r n i a a n d t h e U n i t e d S t a t e s ; 1 4 a n d b e i t f u r t h e r 1 5 R e s o l v e d , T h a t t h e C h i e f C l e r k o f t h e A s s e m b l y t r a n s m i t c o p i e s 1 6 o f t h i s r e s o l u t i o n t o t h e P r e s i d e n t a n d V i c e P r e s i d e n t o f t h e U n i t e d 1 7 S t a t e s , t o t h e S p e a k e r o f t h e U n i t e d S t a t e s H o u s e o f 1 8 R e p r e s e n t a t i v e s , t o t h e M a j o r i t y L e a d e r i n t h e S e n a t e , t o e a c h 1 9 S e n a t o r a n d R e p r e s e n t a t i v e f r o m C a l i f o r n i a i n t h e C o n g r e s s o f t h e 2 0 U n i t e d S t a t e s , t o t h e S e c r e t a r y o f U n i t e d S t a t e s D e p a r t m e n t o f 2 1 T r a n s p o r t a t i o n , a n d t o t h e a u t h o r f o r a p p r o p r i a t e d i s t r i b u t i o n . O 9 9 5 2 " " T e x a s c . M A P I I C O P A A S S O C I A T I O N o f O O V E R i N M E N T S T T r a n ! : s r o a x a r 1 0 [ : t 1 Y 4 1 . S A I O X ' R ��d i �� ' " " " " " a s s o r u l r o e e T T i m . V a l l e y T r a n s p o r t a t i o n A u t h o r i t y s a y s a s n l s s r s T " " * " 4 " 6 " c ^ ^ t ' i o " F e b r u a r y 1 4 , 2 0 1 1 M e t r o G o v e r n m e n t s S A N B A G W o r k i n g T o g e t h e r M e m b e r s o f C o n g r e s s : A s y o u e x a m i n e a g e n c y b u d g e t s f o r t h e r e m a i n d e r o f f i s c a l y e a r 2 0 1 1 , w e s t r o n g l y u r g e y o u t o f u l l y f u n d t h e U . S . 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 ' s T r a n s p o r t a t i o n I n f r a s t r u c t u r e F i n a n c e a n d I n n o v a t i o n A c t ( T I F I A ) . T h r o u g h t h e u s e o f t h e T I F I A p r o g r a m , s t a t e a n d l o c a l g o v e r n m e n t s a r e a b l e t o i n v e s t i n n a t i o n a l l y a n d r e g i o n a l l y s i g n i f i c a n t t r a n s p o r t a t i o n i n f r a s t r u c t u r e p r o j e c t s . T h e s e p r o j e c t s c r e a t e t h o u s a n d s o f m u c h n e e d e d c o n s t r u c t i o n r e l a t e d j o b s a n d , j u s t a s i m p o r t a n t , i m p r o v e t h e t r a n s p o r t a t i o n s y s t e m o f t h i s c o u n t r y . T I F I A p r o v i d e s c r e d i t a s s i s t a n c e s u c h a s l o w - i n t e r e s t d i r e c t l o a n s t o l e v e r a g e s c a r c e f e d e r a l f u n d s a n d s u p p o r t p r o j e c t s t h a t u t i l i z e a s p e c i f i c l o c a l r e v e n u e s t r e a m f o r r e p a y m e n t . T I F I A i s a h i g h l y s u c c e s s f u l f e d e r a l p r o g r a m a n d i s c u r r e n t l y o v e r s u b s c r i b e d . T h e r e a r e m a n y m o r e p r o j e c t s a w a i t i n g T I F I A t y p e a s s i s t a n c e t h a n t h e f u n d i n g a v a i l a b l e u n d e r t h e p r o g r a m . T h e T I F I A p r o g r a m r e m a i n s o n e o f t h e c r i t i c a l m e t h o d s a v a i l a b l e i n t h i s c o u n t r y t o a d v a n c e m a j o r t r a n s p o r t a t i o n p r o j e c t s b y l e v e r a g i n g p r i v a t e s e c t o r f u n d i n g . W h i l e w e w o u l d l i k e t o s e e t h e p r o g r a m ' s c a p a c i t y i n c r e a s e d a n d a r e w o r k i n g t o d o s o a s p a r t o f t h e S A F E T E A - L U a u t h o r i z a t i o n p r o c e s s , i t i s c r i t i c a l t h a t C o n g r e s s p r o v i d e t h e a u t h o r i z e d l e v e l o f $ 1 2 2 m i l l i o n t h i s f i s c a l y e a r . G i v e n t h e f a c t t h a t t h i s a u t h o r i z e d l e v e l c a n b e l e v e r a g e d t o o v e r a b i l l i o n d o l l a r s o f i n f r a s t r u c t u r e i n v e s t m e n t , t h e r e a r e f e w f e d e r a l p r o g r a m s t h a t p r o v i d e t h i s r e t u r n - o n - i n v e s t m e n t f o r t h e A m e r i c a n t a x p a y e r a n d t h e e c o n o m y a s a w h o l e . T h a n k y o u f o r y o u r c o n s i d e r a t i o n o f t h i s r e q u e s t . S i n c e r e l y , [ S i g n a t u r e s o n f o l l o w i n g p a g e ] 5 3 Members of Congress February 14, 2011 Page 2 Steve Finnegan Government Affairs Manager Auto Club of Southern California / �Y7�1 Terry M. Brechtel Executive Director Alamo Regional Mobility Authority Kome Ajise Program Manager Public Private Partnership Program California Department of Transportation Mike Heiligenstein Executive Director Central Texas Regional Mobility Authority t, ttd.- n Arthur T. Leahy Chief Executive Officer Los Angeles County Metropolitan Transportation Authority Steve Heminger Executive Director Metropolitan Transportation Commission Attu Will Kempton Chief Executive Officer Orange County Transportation Authority Linda K. von Quintus Vice President, Government & Community Affairs AAA Texas John McGee Executive Director for Planning and Policy Arizona Department of Transportation Pete Sepulveda, Jr. RMA Coordinator Cameron County Regional Mobility Authority Jennifer Schaufele Executive Director Denver Regional Council of Governments Dennis Smith Executive Director Maricopa Association of Governments Jeff Austin, Ill Chairman North East Texas Regional Mobility Authority Jacob Snow General Manager Regional Transportation Commission 54 " M e m b e r s o f C o n g r e s s F e b r u a r y 1 4 , 2 0 1 1 P a g e 3 A n n e M a y e r 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 G a r y G a l l e g o s E x e c u t i v e D i r e c t o r S a n D i e g o A s s o c i a t i o n o f G o v e r n m e n t s H a s a n I k h r a t a E x e c u t i v e D i r e c t o r S o u t h e r n C a l i f o r n i a A s s o c i a t i o n o f G o v e r n m e n t s " a i 4 . A m a d e o S a e n z , J r . E x e c u t i v e D i r e c t o r T e x a s 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 D e b o r a h R o b i n s o n B a r m a c k E x e c u t i v e D i r e c t o r S a n B e r n a r d i n o A s s o c i a t e d G o v e r n m e n t s M i c h a e l T . B u r n s G e n e r a l M a n a g e r S a n t a C l a r a V a l l e 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 o m a s E . M a r g o C h i e f E x e c u t i v e O f f i c e r T r a n s p o r t a t i o n C o r r i d o r A g e n c i e s 5 5