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08 August 26, 2013 Budget & implementation
RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE MEETING AGENDA TIME: 9:30 a.m. DATE: Monday, August 26, 2013 LOCATION: BOARD ROOM County of Riverside Administrative Center 4080 Lemon Street, First Floor, Riverside COMMITTEE MEMBERS Ella Zanowic, Chair / Jeff Hewitt, City of Calimesa Douglas Hanson, Vice Chair / Patrick Mullany, City of Indian Wells Roger Berg / David Castaldo, City of Beaumont Mary Craton / Randy Bonner, City of Canyon Lake Greg Pettis / Kathleen DeRosa, City of Cathedral City Steven Hernandez / Eduardo Garcia, City of Coachella Scott Matas / Yvonne Parks, City of Desert Hot Springs Larry Smith / Robert Youssef, City of Hemet Bob Magee / Natasha Johnson, City of Lake Elsinore Rick Gibbs / Kelly Bennett, City of Murrieta Steve Adams / Andy Melendrez, City of Riverside Ron Roberts / Jeff Comerchero, City of Temecula John F. Tavaglione, County of Riverside, District II Jeff Stone, County of Riverside, District III STAFF Anne Mayer, Executive Director Theresia Trevino, Chief Financial Officer AREAS OF RESPONSIBILITY Annual Budget Development and Oversight Competitive Federal and State Grant Programs Countywide Communications and Outreach Programs Countywide Strategic Plan Legislation Public Communications and Outreach Programs Short Range Transit Plans Comments are welcomed by the Committee. If you wish to provide comments to the Committee, please complete and submit a Speaker Card to the Clerk of the Board. COMM-BI-00014 Alexandra Rackerby From: Sent: To: Cc: Subject: Alexandra Rackerby Thursday, August 22, 2013 10:55 AM Alexandra Rackerby Tara Byerly RCTC Budget and Implementation Committee -lpad Compantible Users Good morning Commissioners, The Budget and Implementation Committee agenda for Monday August 26, 2013 is posted on our website at http://www.rctc.org/uploads/media items/budget-and-implementation-committee-august- 26-2013.original.pdf Let me know if you have any questions or concerns. Thank you. Respectfully, Allie Rackerby Riverside County Transportation Commission (951) 787-7141 1 RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE www.rctc.org AGENDA* *Actions may be taken on any item listed on the agenda 9:30 a.m. Monday, August 26, 2013 BOARD ROOM County Administrative Center 4080 Lemon Street, First Floor Riverside, California In compliance with the Brown Act and Government Code Section 54957.5, agenda materials distributed 72 hours prior to the meeting, which are public records relating to open session agenda items, will be available for inspection by members of the public prior to the meeting at the Commission office, 4080 Lemon Street, Third Floor, Riverside, CA, and on the Commission’s website, www.rctc.org. In compliance with the Americans with Disabilities Act and Government Code Section 54954.2, if you need special assistance to participate in a Committee meeting, please contact the Clerk of the Board at (951) 787-7141. Notification of at least 48 hours prior to meeting time will assist staff in assuring that reasonable arrangements can be made to provide accessibility at the meeting. 1. CALL TO ORDER 2. PLEDGE OF ALLEGIANCE 3. ROLL CALL 4. PUBLIC COMMENTS – Each individual speaker is limited to speak three (3) continuous minutes or less. The Committee may, either at the direction of the Chair or by majority vote of the Committee, waive this three minute time limitation. Depending on the number of items on the Agenda and the number of speakers, the Chair may, at his/her discretion, reduce the time of each speaker to two (2) continuous minutes. Also, the Committee may terminate public comments if such comments become repetitious. In addition, the maximum time for public comment for any individual item or topic is thirty (30) minutes. Speakers may not yield their time to others without the consent of the Chair. Any written documents to be distributed or presented to the Committee shall be submitted to the Clerk of the Board. This policy applies to Public Comments and comments on Agenda Items. 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. Budget and Implementation Committee August 26, 2013 Page 2 5. APPROVAL OF MINUTES – JUNE 24, 2013 6. ADDITIONS/REVISIONS (The Committee may add an item to the Agenda after making a finding that there is a need to take immediate action on the item and that the item came to the attention of the Committee subsequent to the posting of the agenda. An action adding an item to the agenda requires 2/3 vote of the Committee. If there are less than 2/3 of the Committee members present, adding an item to the agenda requires a unanimous vote. Added items will be placed for discussion at the end of the agenda.) 7. CONSENT CALENDAR - All matters on the Consent Calendar will be approved in a single motion unless a Commissioner(s) requests separate action on specific item(s). Items pulled from the Consent Calendar will be placed for discussion at the end of the agenda. 7A. QUARTERLY FINANCIAL STATEMENTS Page 1 Overview This item is for the Committee to: 1) Receive and file the Quarterly Financial Statements for the period ended June 30, 2013; and 2) Forward to the Commission for final action. 7B. SINGLE SIGNATURE AUTHORITY REPORT Page 7 Overview This item is for the Committee to: 1) Receive and file the Single Signature Authority report for the fourth quarter ended June 30, 2013; and 2) Forward to the Commission for final action. 7C. QUARTERLY SALES TAX ANALYSIS Page 9 Overview This item is for the Committee to: 1) Receive and file the sales tax analysis for Quarter 1 (Q1) 2013; and 2) Forward to the Commission for final action. Budget and Implementation Committee August 26, 2013 Page 3 7D. QUARTERLY INVESTMENT REPORT Page 17 Overview This item is for the Committee to: 1) Receive and file the Quarterly Investment Report for the quarter ended June 30, 2013; and 2) Forward to the Commission for final action. 8. FISCAL YEAR 2012/13 MEASURE A LOCAL STREETS AND ROADS BUDGET ADJUSTMENT Page 34 Overview This item is for the Committee to: 1) Approve a budget adjustment for an increase in FY 2012/13 expenditures related to Measure A local streets and roads allocations; and 2) Forward to the Commission for final action. 9. COMMERCIAL PAPER PROGRAM AUTHORIZATION AMOUNT Page 36 Overview This item is for the Committee to: 1) Adopt Resolution No. 13-021, “Resolution of the Riverside County Transportation Commission Authorizing, and Ratifying, Confirming and Extending Prior Authorization of, the Issuance and Sale of Commercial Paper Notes, Authorizing a Reduction of the Maximum Aggregate Principal Amount of Such Commercial Paper Notes Permitted to be Outstanding at Any One Time, and Authorizing the Execution and Delivery of an Amended or Supplemented Indenture, Issuing and Paying Agent Agreement, Credit Agreement, Dealer Agreements, and Offering Memorandum, and the Taking of All Other Actions Necessary in Connection Therewith”; and 2) Forward to the Commission for final action. Budget and Implementation Committee August 26, 2013 Page 4 10. FISCAL YEARS 2014-18 MEASURE A FIVE-YEAR CAPITAL IMPROVEMENT PLANS FOR LOCAL STREETS AND ROADS FOR THE CITIES OF BLYTHE, CALIMESA, COACHELLA, EASTVALE, HEMET, JURUPA VALLEY, MENIFEE, MURRIETA, NORCO, AND WILDOMAR Page 44 Overview This item is for the Committee to: 1) Approve the FYs 2014-18 Measure A Five-Year Capital Improvement Plans (CIPs) for Local Streets and Roads (LSR) for the cities of Blythe, Calimesa, Coachella, Eastvale, Hemet, Jurupa Valley, Menifee, Murrieta, Norco, and Wildomar as submitted; and 2) Forward to the Commission for final action. 11. 2009 MEASURE A MAINTENANCE OF EFFORT BASE YEAR APPROVAL FOR CITY OF MENIFEE Page 135 Overview This item is for the Committee to: 1) Approve the 2009 Measure A Maintenance of Effort (MOE) base year level of $214,225 for the city of Menifee (Menifee); and 2) Forward to the Commission for final action. 12. FEDERAL SURFACE TRANSPORTATION PROGRAM 2013 CALL FOR REHABILITATION PROJECTS – ADDITIONAL PROJECT PROGRAMMING Page 138 Overview This item is for the Committee to: 1) Approve programming federal Surface Transportation Program (STP) funds for pavement rehabilitation projects in the amount of $219,989 as presented; and 2) Forward to the Commission for final action. 13. 2014 STATE TRANSPORTATION IMPROVEMENT PROGRAM INTRA-COUNTY FORMULA ADJUSTMENT Page 141 Overview This item is for the Committee to: 1) Approve the 2014 State Transportation Improvement Program (STIP) intra-county formula percent adjustment; and 2) Forward to the Commission for final action. Budget and Implementation Committee August 26, 2013 Page 5 14. FISCAL YEARS 2013/14 ANNUAL LOCAL TRANSPORTATION FUND PLANNING ALLOCATIONS TO WESTERN RIVERSIDE COUNCIL OF GOVERNMENTS AND COACHELLA VALLEY ASSOCIATION OF GOVERNMENTS Page 143 Overview This item is for the Committee to: 1) Approve an allocation of Local Transportation Fund (LTF) planning funds in the amount of $598,100 to the Western Riverside Council of Governments (WRCOG) and $326,300 to the Coachella Valley Association of Governments (CVAG) to support transportation planning programs and functions as identified in each agency’s FY 2013/14 LTF Program Objectives/Work Plan (Work Plan); and 2) Forward to the Commission for final action. 15. REQUEST TO DECLARE REAL PROPERTY AS SURPLUS Page 150 Overview This item is for the Committee to: 1) Declare as surplus the real property in the areas of the 60/91/215 interchange, State Route 74, and former alignment of the Mid County Parkway (MCP) near Cajalco Road, included in the attached maps; 2) Authorize the Executive Director to notify public agencies, and contiguous land owners for two of the properties on SR-74, pursuant to Government Code 54220 et.seq, the properties are available; 3) If no response is received, authorize the Executive Director to offer the surplus properties for sale to the public; and 4) Forward to the Commission for final action. 16. MEMORANDUM OF UNDERSTANDING WITH THE SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS FOR THE FEDERAL TRANSIT ADMINISTRATION’S SECTION 5337 STATE OF GOOD REPAIR AND SECTION 5339 BUS AND BUS FACILITIES GRANT PROGRAMS Page 165 Overview This item is for the Committee to: 1) Approve Memorandum of Understanding (MOU) No. M-015-13 with the Southern California Association of Governments (SCAG) for the Section 5337 State of Good Repair Grant Program; 2) Approve MOU No. M-016-13 with SCAG for the Section 5339 Bus and Bus Facilities grant program; and 3) Forward to the Commission for final action. Budget and Implementation Committee August 26, 2013 Page 6 17. STATE AND FEDERAL LEGISLATIVE UPDATE Page 216 Overview This item is for the Committee to: 1) Receive and file an update on state and federal legislation; and 2) Forward to the Commission for final action. 18. 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. 19. ADJOURNMENT AND NEXT MEETING The next Budget and Implementation Committee meeting is scheduled to be held at 9:30 a.m., Monday, September 23, 2013, Board Chambers, First Floor, County Administrative Center, 4080 Lemon Street, Riverside. RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE ROLL CALL AUG UST 26, 2013 County of Riverside, District II County of Riverside, District Ill City of Beaumont City of Calimesa City of Canyon Lake City of Cathed ra I City City of Coachella City of Desert Hot Spr i ngs City of Hemet City of Indian Wells City of Lake Elsinore City of Murrieta City of Riverside City of Temecula Present D D % ~ D ;r D ;r ~ ~ Absent ;r ~ D D D %' ~ D D D $ D D RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE SIGN-IN SHEET AUGUST 26, 2013 NAME AGENCY E MAILADDRESS >f~ "'~~-a l·o-~ },,,... '4-tt.fv .. ., ,SMi-+'1 1-J gm fl_ , .f::h J'Jl/lf;r/_:_.tle_ I~ fi::l&lN:>i}Q_ ... 'li~A ft1,J~ (P. - ---.I' ~ ..rh ~ ~j --rc-il~ ~ ~,,(' ,&AJ-/CS--r.{)& L.f;f_ /.JI~ ~--.&.. .,.: ~ -E'""11. - ~~CAA\.)~::· F\ a Yl r:r ~-... r;.,J,~,, w .... 1lr t<._ o~ e;-rz_ f35JIL x -r;-Al r-? o v-r AGENDA ITEM 5 MINUTES RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE Monday, June 24, 2013 MINUTES 1. CALL TO ORDER The meeting of the Budget and Implementation Committee was called to order by Chair Ella Zanowic at 9:30 a.m., in the Board Room at the County of Riverside Administrative Center, 4080 Lemon Street, First Floor, Riverside, California, 92501. 2. PLEDGE OF ALLEGIANCE At this time, Commissioner Kathleen DeRosa led the Budget and Implementation Committee in a flag salute. 3. ROLL CALL Members/Alternates Present Members Absent Steve Adams John Tavaglione Roger Berg Mary Craton Kathleen DeRosa Rick Gibbs Douglas Hanson Steven Hernandez* Bob Magee Scott Matas Ron Roberts Larry Smith Jeff Stone Ella Zanowic *Arrived after the meeting was called to order RCTC Budget and Implementation Committee Minutes June 24, 2013 Page 2 4. PUBLIC COMMENTS There were no requests to speak from the public. 5. APPROVAL OF MINUTES – APRIL 22, 2013 M/S/C (Gibbs/Adams) to approve the minutes of April 22, 2013 meeting as submitted. Abstain: Craton 6. ADDITIONS / REVISIONS There were no additions or revisions to the agenda. 7. FISCAL YEARS 2014‐18 MEASURE A FIVE‐YEAR CAPITAL IMPROVEMENT PLANS FOR LOCAL STREETS AND ROADS Grace Alvarez, Senior Staff Analyst, presented the FYs 2014‐18 Measure A Five‐Year Capital Improvement Plans (CIP) for Local Streets and Roads (LSR). Commissioner Roger Berg stated the city of Beaumont (Beaumont) is not a participant in the Transportation Uniform Mitigation Fee (TUMF) program and asked for Beaumont’s funding distribution in addition to the city of La Quinta’s funding distribution. At this time Commissioner Steven Hernandez joined the meeting. Grace Alvarez replied Beaumont’s funds are distributed through the Western County cities participating in the program and the formula for Western County is 25 percent Measure A revenue generated and 75 percent for population; Coachella Valley is 50 percent based on building units, and 50 percent Measure A revenue generated. Michele Cisneros, Finance Manager/Controller, explained the city of La Quinta’s funds that it would receive as part of the program go to Coachella Valley Association of Governments (CVAG) and CVAG distributes the funds based on the allocation. She stated Beaumont’s funding goes to the regional arterial fund for Western County regional arterial projects. In response to Commissioner DeRosa’s concern regarding the impact of electric vehicles and alternative fuels on Measure A funding, Deputy Executive Director John Standiford clarified Measure A is based on sales tax and not just on fuel tax so the largest impact coming from electric vehicles is on fuel tax revenue. In the case of Measure A, it is a general half cents sales tax on all items within the county. RCTC Budget and Implementation Committee Minutes June 24, 2013 Page 3 M/S/C (Gibbs/Craton) to: 1) Approve the FYs 2014‐18 Measure A Five‐Year Capital Improvement Plans (CIPs) for Local Streets and Roads (LSR) as submitted; and 2) Forward to the Commission for final action. 8. 2009 MEASURE A MAINTENANCE OF EFFORT BASE YEAR APPROVAL FOR CITY OF WILDOMAR Grace Alvarez presented the 2009 Measure A Maintenance of Effort (MOE) base year approval for the city of Wildomar. John Standiford stated of the four newest cities, the city of Wildomar was the first to incorporate and during the next year or two, the other newly incorporated cities will become part of this process as well. M/S/C (Adams/DeRosa) to: 1) Approve the 2009 Measure A Maintenance of Effort (MOE) base year level for the city of Wildomar (Wildomar); and 2) Forward to the Commission for final action. 9. FISCAL YEAR 2013/14 SB 821 BICYCLE AND PEDESTRIAN FACILITIES PROGRAM FUNDING RECOMMENDATIONS Jillian Guizado, Staff Analyst, presented the FY 2013/14 SB 821 Bicycle and Pedestrian Facilities program funding recommendations. Commissioner Berg expressed concern the Western Riverside Council of Governments (WRCOG) is a major representative for Riverside County and Beaumont is not part of WRCOG. He also expressed concern for the composition of the evaluation committee. In response to Commissioner Steven Hernandez’s question when the criteria was last evaluated, Jillian Guizado replied in 2010 she presented the Technical Advisory Committee (TAC) with revised evaluation criteria as it seemed to exclude bicycle projects. She looked at the trends over the years of submitted bicycle projects and several projects did not get approved due to the 10 bonus points for physical accessibility enhancement on the criteria. The TAC could not come to a consensus to revise the evaluation criteria at that time. She then asked if the committee desires to form a subcommittee of the TAC to revisit this issue. RCTC Budget and Implementation Committee Minutes June 24, 2013 Page 4 Commissioner Hernandez expressed support for the staff recommendation and recommended a committee be formed to look at the criteria and determine if both environmental justice and bicycle lanes should be factored in. John Standiford stated if this is the direction of the Committee, the evaluation criteria will be reviewed by the TAC and brought back to the Commission for approval. He referred to the Beaumont issue and explained the evaluation was done by objective criteria and although Beaumont is not part of WRCOG, it was done in an objective manner. He stated staff is willing to meet with any city’s public works staff to provide assistance with this process. Commissioner Rick Gibbs explained the city of Murrieta (Murrieta) was told that part of the scoring criteria for bicycle lanes depends upon the ability or the willingness to build a protective area from the bicycle lane to the roadway. Murrieta will not do this as several bicycle clubs in Murrieta and the city of Temecula that train for races expressed that by building out the protective portion in the roadway, it limits their ability in training. He suggested if the scoring criteria are open for evaluation, this matter should be included as well. Commissioner Berg concurred with Commissioners Gibbs’ and Hernandez’s comments about re‐evaluating the criteria. M/S/C (Smith/Stone) to: 1) Approve the FY 2013/14 SB 821 Bicycle and Pedestrian Facilities program recommended funding of $1,780,922; and 2) Forward to the Commission for final action. No: Berg 10. RIVERSIDE COUNTY TRANSIT SERVICES FUNDING ALLOCATION FOR FISCAL YEAR 2013/14 Fina Clemente, Transit Manager, presented the FY 2013/14 funding allocation for Riverside County Transit Services, highlighting the following areas: Short Range Transit Plans (SRTPs) FY 2013/14 – FY 2015/16; Riverside County FY 2013/14 transit funding request; FY 2012/13 and FY 2013/14 operating and capital costs; and Riverside County: FY 2013/14 expenditures by funding source. RCTC Budget and Implementation Committee Minutes June 24, 2013 Page 5 Commissioner Jeff Stone asked how the subsidies compare to other counties and expressed concern there are Riverside Transit Agency buses in Southwest Riverside County roaming around empty. He expressed it seems to be a waste of taxpayers’ dollars and asked about the outreach to accommodate the general public. Robert Yates, Multimodal Services Director, stated with respect to farebox recovery, 21 percent overall for the county is a good number and the blended farebox ratio is the figure staff looks at. It counts for urban miles at 20 percent and rural miles at 10 percent and between 10 and 20 percent is the range for RTA and SunLine Transit Agency. RTA and SunLine are above the minimum required by the Transportation Development Act. He stated Metrolink brings in 45 percent or better in farebox recovery as a premium service. He discussed the reasons for non‐revenue miles and stated RTA is conducting a comprehensive consolidated operational plan. RTA will take this information and put it into its service plan. Commissioner Stone suggested there needs to be a more efficient model as the urban model is not efficient for the funding that has been spent. John Standiford stated there will be significant data available through the comprehensive analysis that can be shared to engage those discussions. In response to Commissioner Ron Roberts’ request for clarification about the monthly increase in ridership, Robert Yates replied it is correct and stated there has been great success in the county both at RTA and SunLine. Commissioner Roberts’ stated there are several areas that lack of school buses and the RTA buses actually take the students home at the end of the day from school in the city of Temecula. He stated it is also important to mention the new buses that will soon be in service. Robert Yates replied it can be emphasized in the report that will be forwarded to the Commission. M/S/C (Roberts/Hanson) to: 1) Conduct a public hearing at the July Commission meeting on the proposed Section 5307 Program of Projects (POP); 2) Approve the FY 2013/14 Federal Transit Administration’s (FTA) Section 5307 and 5311 POP for Riverside County; 3) Approve the FY 2013/14 Local Transportation Fund (LTF) and State Transit Assistance (STA) fund allocations for transit; 4) Direct staff to add projects into the Federal Transportation Improvement Program (FTIP); RCTC Budget and Implementation Committee Minutes June 24, 2013 Page 6 5) Adopt Resolution No. 13‐012, “Resolution of the Riverside County Transportation Commission to Allocate State Transit Assistance Funds”; and 6) Forward to the Commission for final action. 11. COMMISSIONERS / EXECUTIVE DIRECTOR REPORT 11A. John Standiford announced: The Small Business Expo will be held June 27 at the Moreno Valley Conference Center hosted by the Commission, Caltrans, county of Riverside, and RTA; Construction began on 60/215 Blaine Street widening project and is projected to be complete in three months; Anne Mayer, Michael Blomquist, and Theresia Trevino are in New York for the marketing and issuance of the toll bonds for the SR‐91 CIP. 12. ADJOURNMENT AND NEXT MEETING There being no further business for consideration by the Budget and Implementation Committee, the meeting was adjourned at 10:16 a.m. The next meeting of the Budget and Implementation Committee is scheduled for July 22, 2013 at 9:30 a.m. Respectfully submitted, Jennifer Harmon Clerk of the Board AGENDA ITEM 7A RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 26, 2013 TO: Budget and Implementation Committee FROM: Michele Cisneros, Finance Manager/Controller THROUGH: Theresia Trevino, Chief Financial Officer SUBJECT: Quarterly Financial Statements STAFF RECOMMENDATION: This item is for the Committee to: 1) Receive and file the Quarterly Financial Statements for the period ended June 30, 2013; and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: During the past fiscal year, staff monitored the revenues and expenditures of the Commission. The attached financial statements present the revenues and expenditures for the 12 months of FY 2012/13. Many accrual adjustments for revenues and expenditures have been made for June 30, 2013, and are reflected in these financial statements; however, staff will continue to make year-end accrual adjustments depending upon materiality through the completion of the audit in October. The operating statement shows the sales tax revenues for the fourth quarter at 92 percent of the budget. This is a result of the Governmental Accounting Standards Board (GASB) Statement No. 33. GASB 33 requires sales tax revenue to be accrued for the period in which it is collected at the point of sale. The State Board of Equalization collects the Measure A funds and remits these funds to the Commission after the reporting period for the business. This creates a two-month lag in the receipt of revenues by the Commission. Accordingly, these financial statements reflect the revenues related to collections through May 2013. On a cash basis, the Measure A and Local Transportation Fund (LTF) sales tax revenues are 10.92 percent and 11.26 percent higher, respectively, than the same period last fiscal year. Staff will continue to monitor the trends in the sales tax receipts and report to the Commission any necessary adjustments. Federal, state, and local revenues are on a reimbursement basis. The Commission receives these revenues as eligible project costs are incurred and invoiced to the respective agencies. Federal reimbursements are under budget due to the delay in the construction of the Perris Agenda Item 7A 1 Valley Line (PVL) project. Staff will continue to prepare year-end reimbursement revenue accrual adjustments in connection with the year-end closing and audit process. During the FY 2012/13 budget process, the Commission took a conservative approach in estimating the Transportation Uniform Mitigation Fee (TUMF) revenues of $4 million passed through from Western Riverside Council of Governments (WRCOG) as a result of the weak housing sector. In January 2013, the Commission approved staff’s recommendation to increase the TUMF revenue budget to $6.3 million due to signs of recovery from the nationwide recession in the local economy and an improvement in the housing market. Actual revenues are approximately 76 percent higher than the revised budget amount. The budgeted balance of $1,257,000 relates to the TUMF Zone reimbursements from WRCOG for the 74/215 interchange project. Staff will continue to prepare year-end reimbursement revenue accrual adjustments in connection with the year-end closing and audit process. Other revenues include property management revenues generated from properties acquired in connection with the State Route 91 Corridor Improvement Project (SR-91 CIP). During the FY 2012/13 budget process, the Commission anticipated the issuance of approximately $1.2 billion in sales tax and toll revenue bonds and a federal loan through the Transportation Infrastructure Finance and Innovation Act (TIFIA) in June 2013 for the SR-91 CIP. Due to continued work on the financing plan assumptions, the financial close on the SR-91 CIP did not occur as planned in FY 2012/13; however, the Commission issued $674 million in sales tax and toll revenue bonds the first week of FY 2013/14. Additionally, based on discussions with TIFIA staff regarding the loan administration, loan proceeds will be received as eligible design-build costs are incurred. Therefore, interest income is under budget due to the unanticipated financial close occurring in FY 2013/14. The expenditures categories are in line overall with the expectations of the budget with the following exceptions: • Professional services are under budget due to unused budget authority for goods movement consulting services, communication and graphic services, rideshare software services, and the legal and financial advisory services due to delay in awarding the SR-91 CIP design build-contract and starting the I-15 CIP financial feasibility update; • Support costs are under budget due to unused budget authority for call box reductions and the West Corona Station parking lot resurfacing and restriping project, which has been delayed until the completion of the Auto Center grade separation project; • Program operations budget reflects the anticipation of additional consultant services from Bechtel and Metrolink during the construction of the PVL project. Due to the delay in construction on the PVL project, the unused budget authority has been moved to FY 2013/14; • Operating and capital disbursements are made as claims are submitted to the Commission by the transit operators; Agenda Item 7A 2 " S p e c i a l s t u d i e s a r e u n d e r b u d g e t d u e t o u n u s e d b u d g e t a u t h o r i t y f o r p r o j e c t , p l a n n i n g a n d m o n i t o r i n g , a n d r a i l f e a s i b i l i t y 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 e x p e n d i t u r e s a r e r e l a t e d t o t h e t i m i n g o f 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 a s p r e v i o u s l y d i s c u s s e d . 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 e x p e n d i t u r e s m a d e t o t h e l o c a l j u r i s d i c t i o n s f o r c o l l e c t i o n s t h r o u g h M a y 2 0 1 3 . S t a f f e x p e c t s 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 a c c r u a l a d j u s t m e n t s f o r J u n e a n d t h e c l e a n - u p , t h a t w i l l b e d e t e r m i n e d i n l a t e A u g u s t a n d S e p t e m b e r , w i l l r e s u l t i n r e v e n u e s e x c e e d i n g t h e b u d g e t e d a m o u n t . T h i s w i l l h a v e a d i r e c t e f f e c t o n t h e l o c a l s t r e e t s a n d r o a d s t u r n b a c k e x p e n d i t u r e s t o l o c a l j u r i s d i c t i o n s , r e s u l t i n g i n a n e x c e s s o f e x p e n d i t u r e s o v e r b u d g e t . A b u d g e t a d j u s t m e n t r e q u e s t i s t h e s u b j e c t o f a n o t h e r i t e m i n t h i s a g e n d a ; " R e g i o n a l a r t e r i a l e x p e n d i t u r e s p r i m a r i l y r e p r e s e n t e x p e n d i t u r e s f o r t h e h i g h w a y s a n d r e g i o n a l a r t e r i a l p r o g r a m a d m i n i s t e r e d b y C o a c h e l l a V a l l e y A s s o c i a t i o n o f G o v e r n m e n t s ( C V A G ) . C V A G r e q u e s t s r e i m b u r s e m e n t s f r o m t h e C o m m i s s i o n b a s e d o n f u n d s a n d s u f f i c i e n t b u d g e t a u t h o r i t y ; a n d " 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 h a r d w a r e a n d s o f t w a r e i m p r o v e m e n t s a n d s t a t i o n s e c u r i t y i m p r o v e m e n t 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 o n t h e 2 0 1 0 b o n d 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 i n t e r e s t e x p e n d i t u r e s o n t h e 2 0 0 9 b o n d s a r e m a d e m o n t h l y d u e t o t h e v a r i a b l e r a t e n a t u r e o f t h e b o n d s . P r i n c i p a l p a y m e n t s o n t h e 2 0 0 9 b o n d s a n d t h e 2 0 1 0 b o n d s a r e m a d e i n J u n e . D e b t p r o c e e d s c o n s i s t o f c o m m e r c i a l p a p e r a n d b o n d i s s u a n c e s . T h e C o m m i s s i o n i s s u e d $ 6 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 d u r i n g t h e f i s c a l y e a r . S t a f f a n t i c i p a t e d a s i g n i f i c a n t p o r t i o n o f d e b t p r o c e e d s i n t h e f o u r t h q u a r t e r o f F Y 2 0 1 2 / 1 3 i n c o n n e c t i o n w i t h t h e i s s u a n c e o f s a l e s t a x a n d t o l l r e v e n u e b o n d s a n d e x e c u t i o n o f a T I F I A l o a n f o r t h e S R - 9 1 C I P . A s p r e v i o u s l y d i s c u s s e d , t h e f i n a n c i a l c l o s e f o r t h e S R - 9 1 C I P d i d n o t o c c u r u n t i l t h e f i r s t w e e k o f F Y 2 0 1 3 / 1 4 . A s a r e s u l t t h e d e b t p r o c e e d s a r e u n d e r b u d g e t f o r F Y 2 0 1 2 / 1 3 . T h e f o l l o w i n g l i s t d i s c u s s e s 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 ( i . e . , b u d g e t e d c o s t s i n e x c e s s o f $ 5 m i l l i o n ) a n d r e l a t e d 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 / 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 S R - 9 1 H i g h O c c u p a n c y V e h i c l e L a n e s P r o j e c t C a l t r a n s c o m p l e t e d d e s i g n w o r k a n d e x p e n d i t u r e s r e m a i n w i t h i n t h e b u d g e t a u t h o r i t y . U t i l i t y r e l o c a t i o n c o n t i n u e s a n d t h e s u b m i t t a l o f i n v o i c e s f o r e x p e n d i t u r e s i n c u r r e d t o d a t e c o n t i n u e s t o l a g . S t a f f o v e r s e e s r i g h t o f w a y a c q u i s i t i o n , w h i c h h a s b e e n c e r t i f i e d ; t h r e e a c q u i s i t i o n s a r e s t i l l p e n d i n g s e t t l e m e n t s . A n e s t i m a t e d a c c r u a l h a s b e e n m a d e f o r u t i l i t y r e l o c a t i o n s a n d r i g h t o f w a y a c q u i s i t i o n s e t t l e m e n t s r e l a t e d t o F Y 2 0 1 2 / 1 3 . C o n s t r u c t i o n b e g a n i n A p r i l 2 0 1 2 a n d i s m a n a g e d b y C a l t r a n s . 7 1 / 9 1 I n t e r c h a n g e P r o j e c t T h e a v a i l a b i l i t y o f f e d e r a l e a r m a r k f u n d s a l l o w e d t h e f i n a l d e s i g n p h a s e o f w o r k t o m o v e f o r w a r d . A c o n t r a c t f o r t h e f i n a l d e s i g n c o n s u l t a n t w a s a w a r d e d a t t h e A g e n d a I t e m 7 A 3 February 2012 Commission meeting. Notice to proceed was issued in March 2012 starting the final design phase. Final design was delayed in FY 2012/13 due to the Army Corps of Engineer’s environmental process, which has been resolved. Final design is expected to be completed in the fourth quarter of FY 2013/14. Right of way requirements have been established, and acquisition is expected to start in the second quarter FY 2013/14. SR-91 CIP (design-build) – The Commission completed financing activities for this project including the issuance of sales tax and toll revenue bonds and execution of a TIFIA loan in July 2013. With the environmental document approved, full right of way acquisition work is underway including eminent domain proceedings and is expected to peak in FY 2013/14. Agency, utility, and railroad agreement work continues with several agreements remaining to be completed. A design-build contract was awarded in May 2013, one month later than estimated at the beginning of FY 2012/13. A limited notice to proceed (NTP) was issued concurrent with the contract award and included early deliverables and mobilization. Full NTP is scheduled to be issued in September 2013. I-15 CIP – Staff is working with the consultant to finalize an updated schedule and budget for the revised project scope that the Commission approved in January 2013. Staff is proceeding to develop a project report and environmental document. This project is expected to remain under budget as a result of the revised project scope. An amendment is the subject of a staff report included in this agenda for Commission approval. I-215 Central Widening Project from Scott Road to Nuevo Road – Final design and right of way acquisitions related to the project are complete. Advertising for the construction bids occurred in the first quarter of FY 2012/13. The NTP for construction was issued December 10, 2012, with the first working day starting in January 2013. Invoices for expenditures incurred to date have been submitted in a timely manner by the contractor and the construction costs are expected to be within budget for FY 2012/13. Rail Engineering/Construction/Right of Way/Land PVL Project – Final design is complete. Federal Transit Administration (FTA) continues work to finalize the Small Starts grant agreement. Major outstanding right of way acquisition activity continues for the station and layover facility at south Perris. A lawsuit brought by the Friends of Riverside Hills challenging elements of the California Environmental Quality Act document was settled in July 2013. Construction is pending the receipt of the FTA Small Starts grant agreement. Attachments: Quarterly Financial Statements – June 2013 Agenda Item 7A 4 Revenues Sales tax 224,712,500$ 206,428,616$ (18,283,884)$ 92% Federal reimbursements 73,151,900 10,748,730 (62,403,170)15% State reimbursements 17,917,800 9,718,151 (8,199,649)54% Local reimbursements 2,688,700 1,271,368 (1,417,332)47% Transportation Uniform Mitigation Fee 7,557,300 11,373,724 3,816,424 150% Other revenues 882,800 1,297,879 415,079 147% Interest 7,265,900 6,101,795 (1,164,105)84% Total revenues 334,176,900 246,940,263 (87,236,637)74% Expenditures Salaries and benefits 6,971,100 6,353,868 617,232 91% Professional and support Professional services 15,862,150 11,541,105 4,321,045 73% Support costs 5,283,940 3,827,382 1,456,558 72% Total Professional and support costs 21,146,090 15,368,487 5,777,603 73% Projects and operations Program operations - general 18,764,500 15,088,410 3,676,090 80% Engineering 29,283,910 16,004,986 13,278,924 55% Construction 123,857,700 34,017,598 89,840,102 27% Design Build 29,050,000 23,582,534 5,467,466 81% Right of way/land 111,933,795 49,044,422 62,889,373 44% Operating and capital disbursements 97,835,790 66,192,747 31,643,043 68% Special studies 850,000 246,224 603,776 29% Local streets and roads 42,129,000 39,232,340 2,896,660 93% Regional arterials 16,455,400 8,457,064 7,998,336 51% Total projects and operations 470,160,095 251,866,325 218,293,770 54% Debt service Principal 126,800,000 6,800,000 120,000,000 5% Interest 16,613,000 15,404,132 1,208,868 93% Total debt service 143,413,000 22,204,132 121,208,868 15% Capital outlay 475,200 220,442 254,758 46% Total Expenditures 642,165,485 296,013,254 346,152,231 46% Excess revenues over (under) expenditures (307,988,585)(49,072,991)359,431,155 16% Other financing sources/(uses) Operating transfer in 328,118,590 113,006,218 (215,112,372)34% Operating transfer out (328,118,590)(113,006,218) 215,112,372 34% Debt proceeds 1,220,172,000 60,000,000 (1,160,172,000)5% Total financing sources/(uses)1,220,172,000 60,000,000 1,160,172,000 5% Net change in fund balances 912,183,415 10,927,009 1,519,603,155 1% Fund balance July 1, 2012 556,693,300 575,578,619 18,885,319 103% Fund balance June 30, 2013 1,468,876,715$ 586,505,628$ 1,538,488,474$ 40% QUARTERLY BUDGET VS ACTUAL RIVERSIDE COUNTY TRANPORTATION COMMISSION 4TH QUARTER FOR TWELVE MONTHS ENDED 6/30/2013 FY 2012/13 BUDGET 4TH QUARTER ACTUAL PERCENT UTILIZATION REMAINING BALANCE 5 Revenues Sales tax 2,700,000$ -$ 97,037,454$ 911,173$ 31,135,389$ 64,244,471$ 10,400,129$ -$ -$ -$ -$ 206,428,616$ Federal reimbursements 11,878 748 10,736,104 - - - - - - - - 10,748,730 State reimbursements 395,102 3,158,365 6,164,684 - - - - - - - - 9,718,151 Local reimbursements 178,576 147,586 838,205 - - 107,001 - - - - - 1,271,368 Transportation Uniform Mitigation Fee - - 312,619 - - - - 11,061,105 - - - 11,373,724 Other revenues 34,174 586 692,740 - - - - 132,005 438,374 - - 1,297,879 Interest 31,923 17,190 544,869 - 53,691 196,189 124,108 183,375 1,806,299 178,434 2,965,717 6,101,795 Total revenues 3,351,653 3,324,475 116,326,675 911,173 31,189,080 64,547,661 10,524,237 11,376,485 2,244,673 178,434 2,965,717 246,940,263 Expenditures Salaries and benefits 3,510,225 105,029 2,584,077 - 984 - - 153,553 - - - 6,353,868 Professional and support Professional services 1,194,239 493,905 9,160,636 - 3,500 - - 688,825 - - - 11,541,105 Support costs 2,654,019 514,893 657,869 - - - - 601 - - - 3,827,382 Total Professional and support costs 3,848,258 1,008,798 9,818,505 - 3,500 - - 689,426 - - - 15,368,487 Projects and operations Program operations - general 1,468,813 2,396,800 10,884,729 - - - - 338,068 - - - 15,088,410 Engineering 38,707 - 12,895,201 - - - - 3,071,078 - - - 16,004,986 Construction - - 22,060,959 - - - - 10,655,529 115,586 1,185,524 - 34,017,598 Design Build - - 23,582,534 - - - - - - - - 23,582,534 Right of way/land - - 43,413,374 - - - - 3,199,052 2,236,373 195,623 - 49,044,422 Operating and capital disbursements 9,650,146 - 4,340,575 - 4,500,000 45,599,968 2,102,058 - - - - 66,192,747 Special studies 184,437 - 61,787 - - - - - - - - 246,224 Local streets and roads - - 27,423,781 911,173 10,897,386 - - - - - - 39,232,340 Regional arterials - - - - 8,457,064 - - - - - - 8,457,064 Total projects and operations 11,342,103 2,396,800 144,662,940 911,173 23,854,450 45,599,968 2,102,058 17,263,727 2,351,959 1,381,147 - 251,866,325 Debt service Principal - - - - - - - - - - 6,800,000 6,800,000 Interest - - - - - - - - 48,016 - 15,356,116 15,404,132 Total debt service - - - - - - - - 48,016 - 22,156,116 22,204,132 Capital outlay 75,159 - 145,283 - - - - - - - - 220,442 Total Expenditures 18,775,745 3,510,627 157,210,805 911,173 23,858,934 45,599,968 2,102,058 18,106,706 2,399,975 1,381,147 22,156,116 296,013,254 Excess revenues over (under) expenditures (15,424,092) (186,152) (40,884,130) - 7,330,146 18,947,693 8,422,179 (6,730,221) (155,302) (1,202,713) (19,190,399) (49,072,991) Other financing sources/(uses) Operating transfer in 14,097,589 1,007,000 77,313,405 - - - - - 112,781 - 20,475,443 113,006,218 Operating transfer out (12,869) (995,000) (36,166,319) - - (14,097,589) - - (57,529,917) (1,352,133) (2,852,391) (113,006,218) Debt proceeds - - - - - - - - 60,000,000 - - 60,000,000 Total financing sources/(uses)14,084,720 12,000 41,147,086 - - (14,097,589) - - 2,582,864 (1,352,133) 17,623,052 60,000,000 Net change in fund balances (1,339,372) (174,152) 262,956 - 7,330,146 4,850,104 8,422,179 (6,730,221) 2,427,562 (2,554,846) (1,567,347) 10,927,009 Fund balance July 1, 2012 13,685,227 7,255,419 240,237,824 556 17,346,594 92,088,969 43,854,533 73,224,071 31,143,594 5,651,884 51,089,948 575,578,619 Fund balance June 30, 2013 12,345,855$ 7,081,267$ 240,500,780$ 556$ 24,676,740$ 96,939,073$ 52,276,712$ 66,493,850$ 33,571,156$ 3,097,038$ 49,522,601$ 586,505,628$ SALES TAX BONDS COMMERCIAL PAPER DEBT SERVICE COMBINED TOTAL RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY BUDGET VS ACTUALS BY FUND 4TH QUARTER FOR TWELVE MONTHS ENDED 6/30/2013 STATE TRANSIT ASSISTANCE TRANSPORTATION UNIFORM MITIGATION FEE (TUMF) MEASURE A SALES TAX GENERAL FUND FSP/ SAFE WESTERN COUNTY PALO VERDE VALLEY COACHELLA VALLEY LOCAL TRANSPORTATION FUND 6 AGENDA ITEM 7B RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 26, 2013 TO: Budget and Implementation Committee FROM: Marla Dye, Procurement Analyst Matt Wallace, Procurement Manager THROUGH: Theresia Trevino, Chief Financial Officer SUBJECT: Single Signature Authority Report STAFF RECOMMENDATION: This item is for the Committee to: 1) Receive and file the Single Signature Authority report for the fourth quarter ended June 30, 2013; and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: Certain contracts are executed under single signature authority as permitted in the Commission’s Procurement Policy Manual adopted in December 2012. The Executive Director is authorized to sign services contracts that are less than $100,000 individually and in an aggregate amount not to exceed $1 million in any given fiscal year. Additionally, in accordance with Public Utilities Code Section 130323(c), the Executive Director is authorized to sign contracts for supplies, equipment, materials, and construction of all facilities and works under $50,000 individually. The attached report details all contracts executed for the fourth quarter ended June 30, 2013, under the single signature authority granted to the Executive Director. The unused capacity of single signature authority for services at June 30, 2013 is $283,576. Attachment: Single Signature Authority Report as of June 30, 2013. Agenda item 7B 7 V:\2013\09 September\Budget and Implementation\7B.MD.Att1.SingleSignQ4.xlsx CONSULTANT DESCRIPTION OF SERVICES ORIGINAL CONTRACT AMOUNT EXPENDED AMOUNT REMAINING CONTRACT AMOUNT AMOUNT AVAILABLE July 1, 2012 $1,000,000.00 Southstar Engineering & Consulting ROW Management Support Services 33,000.00 27,060.00 5,940.00 California Highway Patrol (CHP) Temecula COZEEP for I-215 (Part 2)32,000.00 0.00 32,000.00 Arellano Associates, LLC DBE/SBE Outreach Services 55,000.00 54,998.01 1.99 Cambria Solutions, Inc Toll Program Implementation Services 100,000.00 92,937.50 7,062.50 Koff & Associates Classification, Compensation & Benefit Study 50,000.00 29,930.00 20,070.00 The Skancke Company Amendment No. 3 for Federal Advocacy Services 4,471.79 4,471.79 0.00 AECOM Construction Design & Enviromental Services for I-215 E. Junction HOV Connectors. 100,000.00 0.00 100,000.00 Atkins North America Right of Way Audit Services for the SR-91 CIP 10,000.00 7,862.86 2,137.14 Warner Water Works Station Street Sweeping Services 60,000.00 23,086.00 36,914.00 Info Tech Services Groups, Inc Station Security Database Maintenance and Development Serivces 10,000.00 0.00 10,000.00 Alvarado Smith Legal Representation 100,000.00 59,281.91 *40,718.09 HDR, Inc.Railroad Coordination Services 31,952.00 0.00 31,952.00 David Evans & Associates, Inc Supplemental Specialty Work On the 74/215 Interchange Project.70,000.00 9,780.69 60,219.31 Arellano Associates, LLC Outreach Services 60,000.00 0.00 60,000.00 AMOUNT USED 716,423.79 $283,576.21 Agreements that fall under Public Utilities Code 130323 (C) None N/A -$ -$ -$ Marla Dye Theresia Trevino Prepared by Reviewed by SINGLE SIGNATURE AUTHORITY AS OF June 30, 2013 Note: Shaded area represents new contracts listed in the fourth quarter. AMOUNT REMAINING through June 30, 2013 *Amount associated with the correct Alvarado Smith agreement executed under single signature authority. 8 AGENDA ITEM 7C RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 26, 2013 TO: Budget and Implementation Committee FROM: Theresia Trevino, Chief Financial Officer THROUGH: John Standiford, Deputy Executive Director SUBJECT: Quarterly Sales Tax Analysis STAFF RECOMMENDATION: This item is for the Committee to: 1) Receive and file the sales tax analysis for Quarter 1 (Q1) 2013; and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: At its December 2007 meeting, the Commission awarded an agreement to MuniServices, LLC (MuniServices) for quarterly sales tax reporting services plus additional fees contingent on additional sales tax revenue generated from the transactions and use tax (sales tax) audit services. As part of the recurring contracts process, the Commission approved a five-year extension of the agreement. The services performed under this agreement pertain to only the Measure A sales tax revenues. Since the commencement of these services, MuniServices submitted an audit update, which reported findings that were generated and submitted to the State Board of Equalization (SBOE) for review and determination of errors in sales tax reporting related to 262 businesses. For October through December 2012 (Q4 2012), the SBOE approved corrections for 179 of these accounts for a total sales tax revenue recovery of $2,880,771. Updated amounts through Q1 2013 will be provided once received from MuniServices. If the SBOE concurs with the error(s) for the remaining claims, the Commission will receive additional revenues; however, the magnitude of the value of the remaining findings was not available. It is important to note that while the recoveries of additional revenues will be tangible, it will not be sufficient to alter the overall trend of sales tax revenues. Additionally, MuniServices provided the Commission with the quarterly sales tax summary report for the first quarter of calendar year 2013 (Q1 2013). Most of the Q1 2013 Measure A sales tax revenues were received by the Commission in the second quarter of calendar 2013, during April through June 2013, due to a lag in the sales tax calendar. The summary section of the Q1 2013 report is attached and includes an overview of California sales tax receipts, local results, historical cash collections analysis, summary of the top 25 sales tax contributors, Agenda Item 7C 9 historical sales tax amounts, sales tax by business category, economic trends for significant business category (construction), and results. The following observations were noted in the Q1 2013 report: • Sales tax receipts for Riverside County were 10.5 percent higher compared to the Q1 2012. Staff has noted in recent quarters significant receipts from energy-related companies, which may be attributable to solar developments in Riverside County. These receipts are reflected in the construction and business to business economic categories, as noted in the Economic Category Analysis table below. • Taxable transactions for the top 25 tax contributors in Riverside County, which generated 24 percent of the taxable sales for the year ended Q1 2013, were comparable to the year ended Q1 2012. The top 100 tax contributors generated 38 percent of the taxable sales for the year ended Q1 2013, which was comparable to the year ended Q1 2012. • Five of the six economic categories experienced increases in the Q1 2013 benchmark year comparison to Q1 2012. Construction and business to business had the largest increases at 16 and 17.4 percent, respectively; these two categories have experienced significant increases for several recent quarters. The business to business category increase was attributable primarily to the electronic equipment and leasing segments; the construction increase was related to the building materials wholesale economic segment. As noted earlier, these increases may be partially attributable to user taxes from energy-related companies. The other top three economic categories had increases ranging from 6.5 percent to 7.7 percent. % of Total / % Change RCTC California Statewide S.F. Bay Area Sacramento Valley Central Valley South Coast Inland Empire North Coast Central Coast General Retail 28.9 / 6.5 29 / 4.2 28.1 / 4.4 29.3 / 3.9 30.7 / 3.4 29.3 / 4 27.1 / 6.9 28.8 / 3.9 32.4 / 4.1 Food Products 16.2 / 7.1 19.2 / 5.9 19.9 / 7.1 16.6 / 3.2 16 / 3.4 19.9 / 5.7 16.5 / 8.1 18 / 3.8 31.7 / 6.2 Transportation 26.8 / 7.7 24.7 / 7.9 22.1 / 11.8 28.2 / 9.4 27.1 / 9.1 24.7 / 5.8 27.9 / 9 31.6 / 8.9 20.8 / 1.7 Construction 11.1 / 16.0 8.7 / 7.6 8.6 / 7.8 10.1 / 5.3 10.7 / 5.3 7.9 / 6.1 11.3 / 20.9 11.8 / 4 8.6 / 3.4 Business to Business 15.1 / 17.4 17.2 / 4.2 20.1 / 3.1 14.1 / 5 14.2 / 9 17.1 / 3.1 15.5 / 13.9 8.9 / -1.9 5.4 / 0.6 Miscellaneous 1.9 / -0.1 1.2 / 1.7 1.2 / 11.5 1.6 / 9.3 1.2 / 7.3 1 / -2.9 1.8 / -6.6 0.9 / -9.2 1.1 / 2.6 Total 100.0 / 9.3 100 / 5.7 100 / 6.6 100 / 5.7 100 / 5.9 100 / 4.7 100 / 9.9 100 / 4.7 100 / 4 General Retail: Apparel Stores, Department Stores, Furniture/Appliances, Drug Stores, Recreation Products, Florist/Nursery, and Misc. Retail Food Products: Restaurants, Food Markets, Liquor Stores, and Food Processing Equipment Construction: Building Materials Retail and Building Materials Wholesale Transportation: Auto Parts/Repair, Auto Sales - New, Auto Sales - Used, Service Stations, and Misc. Vehicle Sales Business to Business: Office Equip., Electronic Equip., Business Services, Energy Sales, Chemical Products, Heavy Industry, Light Industry, and Leasing Miscellaneous: Health & Government, Miscellaneous Other, and Closed Account Adjustments ECONOMIC CATEGORY ANALYSIS • For eight of the top ten segments (department stores, auto sales-new, restaurants, miscellaneous retail, building materials-wholesale, apparel stores, food markets, light industry), sales taxes reached a new high point during Q1 2013. These ten segments represent 60.1 percent of the total sales tax receipts. The other two top ten segments (service stations and building materials-retail) were slightly under the high point, which Agenda Item 7C 10 occurred in Q4 2012; these two segments represent 16.2 percent of the total sales tax receipts. • Service stations, department stores, and auto sales-new represent the three largest economic segments for Riverside County, or 33 percent of total sales taxes. This is the second consecutive quarter since Q3 2008 that auto sales-new has been in the top three economic segments, as the restaurants segment has held that position since the recession. It should also be noted that the growth seen in previous quarters for the service stations segment has been declining as shown by the 0.3 percent increase for the year ended Q1 2013 due to lower gas prices. RCTC California Statewide S.F. Bay Area Sacramento Valley Central Valley South Coast Inland Empire North Coast Central Coast Largest Segment Service Stations Restaurants Restaurants Department Stores Department Stores Restaurants Service Stations Service Stations Restaurants % of Total / % Change 11.7 / 0.3 13.3 / 5.5 13.9 / 6.5 12.1 / 3.4 14.4 / 4 14.1 / 5.3 10.4 / 0.9 13.8 / 0.6 20.8 / 5.5 2nd Largest Segment Department Stores Department Stores Department Stores Auto Sales - New Service Stations Service Stations Restaurants Department Stores Misc. Retail % of Total / % Change 11.2 / 5.4 10.5 / 3.9 9.3 / 4.3 11.1 / 21.5 12.1 / 0.7 10.3 / -0.6 10.1 / 3.8 13.6 / 1.1 9.7 / 0.2 3rd Largest Segment Auto Sales - New Service Stations Auto Sales - New Service Stations Restaurants Department Stores Office Equipment Restaurants Service Stations % of Total / % Change 10.1 / 19.5 10.2 / 0.3 9.2 / 22.4 10.5 / 1.1 9.5 / 4.1 10.2 / 3.8 9.3 / 8.1 9.6 / 4.7 9.6 / 1.2 ECONOMIC SEGMENT ANALYSIS During the review of the Q1 2013 detailed report with MuniServices, information regarding sales tax comparisons by city and change by economic category from Q1 2012 to Q1 2013 was provided. Jurupa Valley, as a newly incorporated city, will be listed when sufficient comparative information is available. Staff continues to monitor monthly sales tax receipts and other available economic data to determine the need for any adjustment to the revenue projections. Staff will utilize the forecast scenarios included with the complete report and recent trends in assessing such projections. Attachments: 1) Sales Tax Analysis Q1 2013 2) Sales Tax Comparison by City for Q1 2012 to Q1 2013 Agenda Item 7C 11 Riverside County Transportation Commission Sales Tax Digest Summary Collections through June 2013 Sales through March 2013 (2013Q1) CALIFORNIA'S ECONOMIC OUTLOOK California sales tax receipts increased by 9.3% over the same quarter from the previous year, with Northern California reporting a 9.7% increase compared to 9.1% for Southern California. Receipts for the Riverside County Transportation Commission changed by 10.5% over the same periods . A statewide look at economic performance indicates steady gains . The number of new Light Vehicles sold continues to rise. Sales for January through May are up 7.3% over the same period last year. Gasoline prices are still predicted to rise through the summer, but to be lower on average by the end of 2013 than they were at the end of 2012 . The residential real estate market shows real progress . The number of single family homes sold was 42,293 in May, the highest number sold in the month of May since May of 2006 . The median price was$ 340,000, the highest for any month since April of 2008. The Construction Industry is gaining momentum . The number of building permits issued in May was 20 .8% higher than the annual rate for last year. Housing Starts were 6.8% above the annual rate for April and 28.6% higher than the annual rate for May of last year. Housing Complet ions were 12 .6% higher than the annual rate for May of 2012 . The Unemployment Rate for May was 8.6%, down 2.1% from the previous year. LOCAL RESULTS Nt'I c.1 ... h Ren'ipts An;ilysis 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 1Q2013 Receipts Net 1Q2012 Receipts Actual Percentage Change Bll'>llll''>'> Activity Pl'rform;ince Analysis Local Collections Less: Payments for Prior Periods Preliminary 1Q2013 Collections Projected 1Q2013 Late Payments Projected 1Q2013 Final Results Actual 1Q2012 Results Projected Percentage Change www.MuniServices.com (800) 800-8181 $36 ,913,983 0 0 36,913,983 .00 {338,200) 36,575,783 33,087 ,093 10.5% $36,913,983 (2,027,346) 34,886,637 1,655,850 36,542,487 33 ,880,025 7.9% Page 1 12 Riverside County Transportation Commission HISTORICAL CASH COLLECTIONS ANALYSIS BY QUARTER (in thousands of$) $40,000 $400 $35,000 $350 $30,000 $300 ., ., -$25,000 $250 "' ... "' "' ;:.. .... "' $20,000 $200 = ~ ·-e -... "' $15,000 $150 < z $10,000 $100 $5,000 $50 $0 $0 4Q2010 1Q2011 2Q2011 3Q2011 4Q2011 1Q2012 2Q2012 3Q2012 4Q2012 1Q2013 -Net Receipts --sBOE Adm in Fees Due TOP 25 SALES/USE TAX CONTRIBUTORS The following list identifies RCTC's Top 25 Sales/Use Tax contributors. The list is in alphabetical order and represents sales from April 2012 to March 2013. The Top 25 Sales/Use Tax contributors generate 23.9% of RCTC's total sales and use tax revenue. BEST BUY STORES CARMAX THE AUTO SUPERSTORE CHEVRON SERVICE STATIONS CIRCLE K FOOD STORES COSTCO WHOLESALE DEPT OF MOTOR VEHICLES DESERT SUNLIGHT EDISON MATERIAL SUPPLY GE PACKAGED POWER GENESIS SOLAR HOME DEPOT K MART STORES KOHL'S DEPARTMENT STORES www .MuniServices.com LOWE'S HOME IMPROVEMENT MACY'S DEPARTMENT STORE RALPH'S GROCERY COMPANY RITE AID DRUG STORES ROSS STORES SAM'S CLUB SHELL SERVICE STATIONS STATER BROS MARKETS TARGET STORES VONS SERVICE STATIONS WAL MART STORES WALGREEN'S DRUG STORES (800) 800-8181 Page2 13 Riverside County Transportation Commission HISTORICAL SALES TAX AMOUNTS The following chart shows the sales tax level from sales through March 2013, the highs, and the lows for each segment over the last two years. (in thousands of$) •1 Q2013 •High •Low $18,000 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0 .... ~ .. ...... c,"'t :-.r:.e e"' ..... c,"" ~ ... ~e"' c,<t $e ,.. .... ...... c,e 't .. ~» ~e~ ,~e~ ..... ~ ~e 't~ !\.'t ~ .. ~e .:r. » .. .._<t '> .. ~<! e"' e"' ~'t ~ 't~ $' ;:,.~~ . .,r:. ~"' ~ e"' !\. .. ~ .. "" ·~ ~ ~e !\.'t c,""' 't .. '> .. ~e ~~ ~ ~~ ~ 't .. ~ ... ~~'t ~~ ~ ...... v"~ ~ ~ .... ?:; ANNUAL SALES TAX BY BUSINESS CATEGORY (in thousands of$) 1Q2013 4Q2012 3Q2012 2Q2012 3 7 ,Ol 0 1Q2012 36 ,13 9 4Q2011 35 ,19 0 3Q2011 3 4 ,1 49 2Q2011 31 ,741 1Q2011 31 , 171 4Q2010 19 ,46 0 $0 $20 ,000 $40 ,000 S 6 0 ,O 0 0 $80 ,000 $100 ,000 $120 ,000 $140 ,000 $160 ,000 lii G eneral Retail iii Food Products CJTransportation CJ Construction CJBu s iness To Business •Miscellaneous www.MuniServices.com (800) 800-8181 Page3 14 Riverside County Transportation Commission FIVE -YEAR ECONOMIC TREND: Construction (in thousand s of$) $5 ,oo 0 .-------------------------------------, $4 ,500 $4 ,000 $3 ,500 S3,000 $2,500 S2,000 $1,500 $1,000 $500 $0 FINAL RESULTS: October-December 2012 Sales Local Net Cash Collections Less: Pool Amounts Less: Prior Quarter Payments Add : Late Payments Local Net Economic Collections after Adjustments Percent Change from October-December 2011 Sales MUNIS ERVICES' ON-GOING AUDIT RESULTS This Quarter Total to Date www.MuniServices.com $296,146 $2,979,127 (800) 800-8181 $37,688,464 ($-338,210) ($813,854) $1,778,944 $38,991,764 UP BY 8 .8% Page4 15 General Retail Food Products Trans.Const.Business to Business Misc.Jan - Mar 2013 Total Jan - Mar 2012 Total % Chg Largest Gain 2Nd Largest Gain Largest Decline 2Nd Largest DeclineJurisdiction INLAND EMPIRE TRANSPORTATION AUTHORITY RCTC 8.4%4.4%4.2%17.9%12.6%1.6%36,542,059 33,879,740 7.9%Auto Sales - New Electronic Equipment Bldg.Matls-Retail Furniture/Appliance RIVERSIDE COUNTY Banning 17.1%1.4%0.4%49.7%37.4%-42.1%429,794 406,552 5.7%Bldg.Matls-Whsle Furniture/Appliance Service Stations Miscellaneous Other Beaumont 5.2%4.6%6.9%0.8%-3.8%17.5%818,580 786,959 4.0%Misc. Vehicle Sales Department Stores Service Stations Light Industry Blythe 7.3%7.4%11.7%-7.8%40.5%-62.2%450,036 409,320 9.9%Light Industry Service Stations Bldg.Matls-Whsle Health & Government Calimesa 5.4%1.7%-2.0%-17.2%22.0%-25.5%147,143 146,431 0.5%Chemical Products Miscellaneous Retail Auto Parts/Repair Service Stations Canyon Lake -12.7%10.4%-6.1%-34.0%10.1%33.3%37,659 37,460 0.5%Restaurants Liquor Stores Department Stores Food Markets Cathedral City 5.5%6.4%9.0%35.5%35.0%-20.4%1,843,821 1,673,804 10.2%Auto Sales - New Heavy Industry Service Stations Light Industry Coachella 4.3%4.4%-0.8%10.1%-0.4%-6.5%802,789 790,284 1.6%Bldg.Matls-Retail Restaurants Auto Sales - Used Energy Sales Corona 5.9%2.5%0.3%17.7%-12.0%-7.4%6,946,059 6,714,306 3.5%Bldg.Matls-Whsle Department Stores Heavy Industry Electronic Equipment Desert Hot Springs 13.6%12.3%6.1%3.0%1110.6%-1.7%432,036 330,620 30.7%Heavy Industry Restaurants Liquor Stores Auto Parts/Repair Eastvale 5.5%2.7%7.2%9.9%69.5%13.0%1,180,146 1,009,406 16.9%Electronic Equipment Bldg.Matls-Whsle Miscellaneous Retail Food Processing Eqp Hemet 4.5%1.8%2.6%-10.4%5.7%-10.2%2,179,708 2,137,137 2.0%Auto Parts/Repair Department Stores Service Stations Bldg.Matls-Retail Indian Wells 1.9%3.2%-7.4%40.2%32.0%-81.6%347,565 336,618 3.3%Restaurants Recreation Products Miscellaneous Retail Business Services Indio 11.2%4.8%17.1%20.6%2.8%7.5%2,033,893 1,814,047 12.1%Auto Sales - New Bldg.Matls-Retail Light Industry Business Services La Quinta 6.9%3.1%4.6%-16.2%-1.8%-19.0%2,082,216 2,023,182 2.9%Department Stores Restaurants Bldg.Matls-Retail Service Stations Lake Elsinore 4.6%8.4%2.7%0.0%-24.3%13.9%1,618,697 1,576,899 2.7%Department Stores Restaurants Heavy Industry Service Stations Menifee 8.5%6.9%-4.1%-6.6%24.6%9.7%1,121,359 1,073,574 4.5%Department Stores Restaurants Service Stations Bldg.Matls-Retail Moreno Valley 6.4%1.6%8.1%-5.3%-3.4%40.6%3,174,886 3,042,217 4.4%Auto Sales - New Apparel Stores Service Stations Bldg.Matls-Retail Murrieta 5.4%4.6%14.7%-9.4%6.1%24.3%2,620,450 2,467,858 6.2%Service Stations Auto Sales - New Bldg.Matls-Retail Florist/Nursery Norco 2.4%0.9%8.1%16.4%13.1%-0.9%1,069,450 1,006,037 6.3%Auto Sales - New Auto Parts/Repair Miscellaneous Retail Service Stations Palm Desert 3.6%9.2%3.9%8.7%-15.6%-1.2%4,385,851 4,202,522 4.4%Restaurants Department Stores Light Industry Furniture/Appliance Palm Springs 5.2%5.5%2.1%-12.2%0.7%-39.1%2,769,636 2,732,186 1.4%Restaurants Apparel Stores Bldg.Matls-Retail Health & Government Perris -1.9%4.1%6.0%4.5%53.1%36.2%1,643,621 1,459,696 12.6%Electronic Equipment Miscellaneous Other Light Industry Office Equipment Rancho Mirage -2.8%1.3%-24.0%-8.3%13.6%-11.8%1,082,428 1,141,425 -5.2%Apparel Stores Restaurants Misc. Vehicle Sales Auto Sales - New Riverside 5.9%2.9%6.2%14.0%15.2%6.5%10,642,721 9,909,515 7.4%Auto Sales - New Leasing Service Stations Office Equipment Riverside County 19.6%3.1%0.8%249.3%102.3%-16.3%6,816,789 4,763,482 43.1%Bldg.Matls-Whsle Electronic Equipment Light Industry Food Markets San Jacinto 2.3%3.3%2.7%4.3%-41.9%3.4%505,143 500,727 0.9%Service Stations Bldg.Matls-Whsle Light Industry Bldg.Matls-Retail Temecula 4.5%3.6%6.5%-13.0%-13.8%8.9%6,075,146 5,962,484 1.9%Auto Sales - New Department Stores Light Industry Bldg.Matls-Retail Wildomar 41.3%-0.3%-16.5%-13.9%-2.0%-7.0%282,824 299,559 -5.6%Miscellaneous Retail Florist/Nursery Service Stations Food Markets 16 AGENDA ITEM 7D RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 26, 2013 TO: Budget and Implementation Committee FROM: Anne Hallberg, Accounting Supervisor THROUGH: Theresia Trevino, Chief Financial Officer SUBJECT: Quarterly Investment Report STAFF RECOMMENDATION: This item is for the Committee to: 1) Receive and file the Quarterly Investment Report for the quarter ended June 30, 2013; and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: Attached are the quarterly investment and cash flow reports as required by state law and Commission policy. The county of Riverside’s Investment Report for the month ended June 30, 2013, is also attached for review. Attachments: 1) Quarterly Investment Report for the Quarter Ended June 30, 2013 2) County of Riverside Investment Report for the Month Ended June 30, 2013 Agenda Item 7D 17 Statement of Compliance All of the above investments and any investment decisions made for the quarter ended June 30, 2013 were in full compliance with the Commission’s investment policy as adopted on June 7, 2012. The Commission has adequate cash flows for six months of operations. Signed by: Chief Financial Officer Bond Projects 1.85% Debt Reserve 1.00% Trust Funds 16.35% Operating Funds 80.80% Nature of Investments 0 to 90 Days 100% Portfolio Maturity Mutual Funds 2.85% County Pool/Cash 95.51% LAIF 0.64% Portfolio Investment Type ATTACHMENT 1 18 Riverside County Transportation Commission Investment Portfolio Report Period Ended: June 30, 2013 FAIR VALUE RATING MOODYS/FITCH S&P COUPON RATE PAR VALUE PURCHASE DATE MATURITY DATE YIELD TO MATURITY PURCHASE COST MARKET VALUE UNREALIZED GAIN (LOSS) OPERATING FUNDS City National Bank Deposits 4,617,110 A3/BBB+N/A N/A County Treasurer's Pooled Investment Fund 447,320,864 Aaa/MR1/AAA/V1 N/A 0.38% Local Agency Investment Fund (LAIF)3,618,320 Not Rated N/A N/A Agency/Treasury Securities: - N/A N/A N/A - - - - N/A N/A N/A - - - Subtotal Operating Funds 455,556,294 FUNDS HELD IN TRUST County Treasurer's Pooled Investment Fund: Local Transportation Fund 92,158,446 Aaa-MR1/AAA/V1 N/A 0.38% Subtotal Funds Held in Trust 92,158,446 COMMISSION BOND PROJECT FUNDS/DEBT RESERVE US Bank Money Market 1 Aaa/AAAm N/A Investment Agreements - County of Riverside Pool investment - Aaa/MR1/AAA/V1 N/A 0.38% First American Government Obligation Fund 16,079,892 Aaa/AAAm N/A N/A Subtotal Bond Project Funds/Debt Reserve 16,079,893 TOTAL All Cash and Investments 563,794,634$ Investment Transactions for the Quarter Ended June 30, 2013 Purchases:Banks 4,617,110 None County Pool 539,479,310 County Pool Investment - LAIF 3,618,320 Maturities:Par Value at Maturity Maturity Date Coupon Rate None Mutual Funds: CNI Charter - US Bank Money Market 1 First American Government Obligation Fund 16,079,892 Sub - Total Mutual Funds 16,079,893 Federal Agency securities - Certificates of Deposit - U.S. Treasury securities - Corporate Note/Commercial Paper - Investment Agreements - TOTAL 563,794,634$ -$ SUMMARIZED INVESTMENT TYPE 19 Month End Market Value ($)* Month End Book Value ($) Paper Gain or Loss ($) Paper Gain or Loss (%) Book Yield (%) Yrs to Maturity Modified Duration June 4,955,274,812.46 4,969,751,125.22 (14,476,312.76) (0.29) 0.39 1.41 1.39 May 4,972,954,339.95 4,974,590,624.04 (1,636,284.09) (0.03) 0.38 1.31 1.29 April 5,582,276,144.63 5,577,075,042.55 5,201,102.08 0.09 0.37 1.20 1.18 March 5,129,896,695.89 5,125,734,196.18 4,162,499.71 0.08 0.37 1.21 1.20 February 4,898,119,579.11 4,893,898,502.93 4,221,076.18 0.09 0.38 1.20 1.18 January 5,090,799,909.66 5,086,685,931.93 4,113,977.73 0.08 0.37 1.24 1.23 County of Riverside Treasurer’s Pooled Investment Fund “Taper Tantrum” In a negative response to comments by Fed Chairman Bernanke after the FOMC’s June 18-19 meeting, volatility surged worldwide in the financial markets; in the two days that followed, the selloff was impressive with the DJIA shedding nearly 560 points in an overdue stock market correction, with longer-term U.S. interest rates surging. About $5.3 trillion was erased from global equities between May 21 and June 24 after he signaled they could start taper- ing asset purchases this year. June marked the worst two-month stretch for U.S. govern- ment bonds since 2008 with the 10 year Treasury note clos- ing out the month at 2.49%, the highest rate on the widely watched benchmark security since August 2011. That’s nearly 100 basis points (bps) higher than the lows this year alone, which just happened to be in the prior month. And so herein lies the problem with rising interest rates, as it really is twofold. Not only was there a large increase, the rate or speed of the increase in such a short period of time is what really shook the markets. For homebuyers, the real signifi- cance is that for every 1-percentage point (100 bps) move upward in mortgage rates, that translates into nearly a 10% increase in the cost of buying a home. Clearly, this taper tantrum by investors that spilled over to the ticker tape led to eight of the Fed-heads being out in full force to clarify the central bank’s policy stance and to calm the tattered nerves of bond market participants. The main message was that there is no predetermined timeline for tapering, or even tightening the Fed Funds and/or discount rate, and that the future path of monetary policy will large- ly depend on the economy’s progress from this point for- ward. Sounds reasonable but only time will tell as to the road the Fed will take us down to slowly unwind the great- est balance sheet expansion in the history of central banks. Housing remains the strongest component of the recovery, and June brought further confirmation of the upward na- tional trend in both prices and sales levels. New home sales for May rose by 2.1% to an annual rate of 476,000. Rising prices continue to motivate the release of pent-up demand from buyers and sellers, with the Case-Shiller indices show- ing double-digit price gains; the 20-city index climbed by 12.1% YoY through April, its largest annual percentage gain since March 2006. On another note, but related to rising interest rates and the Treasurer’s Pooled Investment Fund is a mention to our readers about the difference between realized vs. un-realized gain or loss. On the bottom of this report, you will see two columns labeled “Paper Gain or Loss,” expressed in dollars, and, as a percentage of the total. When interest rates de- cline, there is a gain in the underlying value of the securi- ties; the reverse is also true with rising rates and a loss in underlying value. June marks the second straight month you will have seen a negative number in a long while and expect that to continue in a rising rate environment. The difference between having to realize a loss vs. not hav- ing to, is a function of understanding the cash flows of the County Treasury and having ample liquidity on hand to meet the needs of our depositors. Our Capital Markets team utilizes a twelve-month historical cash flow model and makes adjustments along the way to revenues and disbursements if they come in higher or lower than expected. Our major cash outflows are prefunded months in advance to negate the need to ever sell a security before maturity. We will continue to adhere to our investment objectives of safety, liquidity and return, and will be on the lookout for more ticker tape taper tantrums! Don Kent Treasurer-Tax Collector RIVERSIDE COUNTY TREASURER’S POOLED INVESTMENT FUND IS CURRENTLY RATED: Aaa-bf BY MOODY’S INVESTOR’S SERVICE AND AAA/V1 BY FITCH RATINGS The Treasurer's Pooled Investment Fund is comprised of the County, Schools, Special Districts, and other Discretionary Depositors. 2 0 1 3 June Capital Markets Team Investment Objectives Don Kent Treasurer-Tax Collector Jon Christensen Asst. Treasurer-Tax Collector Giovane Pizano Investment Manager Erika Clark Asst. Investment Manager The primary objective of the treasurer shall be to safeguard the principal of the funds under the treasurer's control, meet the liquidi- ty needs of the depositor, and achieve a return on the funds under his or her control. ATTACHMENT 2 20 Release Date Indicator Consensus Actual 6/7/2013 167,000 175,000 6/7/2013 7.5%7.6% 6/25/2013 3.3%3.6% 6/26/2013 2.4%1.8% 6/25/2013 75.0 81.4 6/5/2013 1.4%1.0% 6/18/2013 0.2%0.1%Consumer Price Index - M/M change: The Consumer Price Index is a measure of the average price level of a fixed basket of goods and services purchased by consumers. Non-Farm Payrolls M/M change: Counts the number of paid employees working part- time or full-time in the nation's business and government establishments. Employment Situation: Measures the number of unemployed as a percentage of the labor force. Durable Goods Orders - M/M change: Reflects the new orders placed with domestic manufacturers for immediate and future delivery of factory hard goods. Real Gross Domestic Product - Q/Q change: The broadest measure of aggregate economic activity and encompasses every sector of the economy. GDP is the country's most comprehensive economic scorecard. Consumer Confidence: Measures consumer attitudes on present economic conditions and expectations of future conditions. Factory Orders M/M change: Represents the dollar level of new orders for both durable and nondurable goods. Value Change Nymex Crude 96.56$ 4.59$ Gold (USD/OZ) 1,234.57$ (153.35)$ Value Change Dow Jones (DJIA)14,909.60 (205.97) S&P 500 Index 1,606.28 (24.46) NASDAQ (NDX)3,403.25 (52.66) Fed Move 7/31/2013 9/18/2013 Decrease to 0.00% 58.0%53.4% Increase to 0.25% 42.0%43.3% Increase to 0.50% 0.0%3.3% Increase to 0.75% 0.0%0.0% Increase to 1%0.0%0.0% Current Fed Funds Rate: 0-0.25% Probability for FOMC Dates: Current Market Data Economic Indicators Stock Indices Commodities Fed Funds Target Rate RIVERSIDE COUNTY TREASURER-TAX COLLECTOR 2 US Treasury Curve (M/M) 21 Month Monthly Receipts Monthly Disbursements Difference Required Matured Investments Balance Actual Investments Maturing Available to Invest > 1 Year 07/2013 133.43 07/2013 868.06 913.40 (45.34) 88.09 764.09 08/2013 668.62 717.29 (48.67) 39.42 227.50 09/2013 675.66 752.21 (76.55) 37.13 - 269.00 10/2013 665.00 801.26 (136.26) 136.26 - 285.00 11/2013 862.54 710.00 152.54 152.54 104.60 12/2013 1,539.11 813.41 725.70 878.24 95.10 01/2014 676.58 1,293.98 (617.40) 260.84 365.00 02/2014 560.00 820.00 (260.00) 0.84 250.00 03/2014 839.70 820.45 19.25 20.09 65.00 04/2014 1,320.00 738.06 581.94 602.03 82.11 05/2014 550.00 1,190.04 (640.04) 38.01 - 372.35 06/2014 542.82 1,124.81 (581.99) 581.99 - 292.00 TOTALS 9,768.09 10,694.91 (926.82) 793.39 2,175.52 3,171.75 4,176.36 15.96% 63.82% 84.04% * All values reported in millions ($). Fund Symbol 7 Day Yield Fidelity Prime Institutional MMF FIPXX 0.07% Federated Prime Obligations Fund POIXX 0.05% Wells Fargo Advantage Heritage WFJXX 0.07% Morgan Stanley Institutional Prime Liquidity Fund MPFXX 0.07% AAA Rated Prime Institutional Money-Market Funds 0.45%0.42% 0.42% 0.42% 0.43% 0.32%0.37%0.38% 0.38%0.37%0.38%0.39% 0.17%0.16% 0.16% 0.17% 0.16%0.14%0.11%0.12%0.11% 0.10%0.08%0.07% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13 Jun-13 Pool Yield TIMMI The Pooled Investment Fund cash flow requirements are based upon a 12 month historical cash flow model. Based upon projected cash receipts and maturing investments, there are sufficient funds to meet future cash flow disbursements over the next 12 months. The Treasurer’s Institutional Money Market Index (TIMMI) is compiled and reported by the Riverside County Treasurer’s Capital Markets division. It is a composite index derived from five AAA rated prime institutional money market funds. Similar to the Treas- urer’s Office, prime money market funds invest in a diversified portfolio of U.S. dollar denominated money market instruments in- cluding U.S. Treasuries, government agencies, commercial paper, certificates of deposits, repurchase agreements, etc. TIMMI is cur- rently comprised of the five multi billion dollar funds listed below. TIMMI RIVERSIDE COUNTY TREASURER-TAX COLLECTOR 3 Cash Flows 22 315,000.00 100.00% 0.07% .003 .003 130,000.00 100.00% 0.08% .003 .003 485.00 100.00% 0.88% 6.964 6.964 615,000.00 100.03% 0.21% .624 .624 75,000.00 100.05% 0.17% .773 .773 513,725.00 100.00% 0.54% 1.105 1.516 10,000.00 100.01% 0.10% .181 .181 1,111,027.00 99.01% 0.70% .648 3.181 91,000.00 100.02% 0.12% .451 .451 1,045,970.71 99.65% 0.41% .628 1.441 35,000.00 100.09% 0.15% .276 .276 386,345.00 100.03% 0.32% 1.009 1.035 25,000.00 100.04% 0.18% .874 .874 157,568.00 99.85% 0.29% .933 1.315 39,770.00 100.00% 0.46% 1.419 1.419 240,000.00 100.03% 0.13% .075 .075 125,000.00 100.00% 0.15% .170 .170 4,969,890.71 99.71% 0.39% .623 1.417 WAL (Yr) Mat (Yr) MMKT 315,000.00 315,000.00 Assets (000's) Scheduled Par Scheduled Book Scheduled Market Mkt/ Sch Book Yield Totals (000's): 4,969,751.13 4,955,274.81 MUNI BONDS 39,770.00 39,770.00 COMM PAPER 239,907.13 239,969.90 NCDS 125,000.00 125,000.00 FARMER MAC 157,546.99 157,314.18 24,959.75 24,969.00 34,962.42 34,995.50 386,214.89 386,339.85 90,936.00 90,954.54 1,045,926.10 1,042,243.79 1,111,351.48 1,100,332.58 9,998.08 9,999.30 74,887.86 74,923.75 513,656.99 513,647.02 485.00 485.00 100.00% 0.34% .003 .003 130,000.00 130,000.00 54,000.00 FHLMC DISC NOTES FHLMC BONDS LOCAL AGCY OBLIG US TREAS BONDS 615,148.44 615,330.40 DDA/PASSBK CALTRUST FND 54,000.00 54,000.00 FMAC DISC NOTES FFCB DISC NOTES FFCB BONDS FHLB DISC NOTES FHLB BONDS FNMA DISC NOTES FNMA BONDS Asset Allocation RIVERSIDE COUNTY TREASURER-TAX COLLECTOR 4 23 Maturity Distribution Scheduled Par (000's) 0-1 Mos 1-3 Mos 3-12 Mos 1-2 Yr 2-3 Yr >3 Yr Totals (000's) MMKT 315,000.00 0.00 0.00 0.00 0.00 0.00 315,000.00 CALTRUST FND 54,000.00 0.00 0.00 0.00 0.00 0.00 54,000.00 DDA/PASSBK 130,000.00 0.00 0.00 0.00 0.00 0.00 130,000.00 LOCAL AGCY OBLIG 0.00 0.00 0.00 0.00 0.00 485.00 485.00 US TREAS BONDS 0.00 0.00 520,000.00 95,000.00 0.00 0.00 615,000.00 FHLMC DISC NOTES 0.00 0.00 75,000.00 0.00 0.00 0.00 75,000.00 FHLMC BONDS 0.00 5,000.00 213,100.00 85,000.00 181,000.00 29,625.00 513,725.00 FNMA DISC NOTES 0.00 10,000.00 0.00 0.00 0.00 0.00 10,000.00 FNMA BONDS 0.00 55,000.00 75,000.00 66,850.00 231,250.00 682,927.00 1,111,027.00 FHLB DISC NOTES 0.00 64,000.00 27,000.00 0.00 0.00 0.00 91,000.00 FHLB BONDS 55,085.00 127,500.00 549,000.00 95,000.00 5,000.00 214,385.71 1,045,970.71 FFCB DISC NOTES 0.00 10,000.00 25,000.00 0.00 0.00 0.00 35,000.00 FFCB BONDS 0.00 20,000.00 236,345.00 95,000.00 35,000.00 0.00 386,345.00 FMAC DISC NOTES 0.00 0.00 25,000.00 0.00 0.00 0.00 25,000.00 FARMER MAC 0.00 0.00 95,000.00 30,000.00 22,568.00 10,000.00 157,568.00 MUNI BONDS 0.00 0.00 25,700.00 2,000.00 12,070.00 0.00 39,770.00 COMM PAPER 120,000.00 120,000.00 0.00 0.00 0.00 0.00 240,000.00 NCDS 25,000.00 100,000.00 0.00 0.00 0.00 0.00 125,000.00 Totals (000's):699,085.00 511,500.00 1,866,145.00 468,850.00 486,888.00 937,422.71 4,969,890.71 %14.07% 10.29% 37.55% 9.43% 9.80% 18.86% Cumulative %14.07% 24.36% 61.91% 71.34% 81.14% 100.00% RIVERSIDE COUNTY TREASURER-TAX COLLECTOR 5 24 Credit Quality 0.19% 4,969,751.13 4,955,274.81 Aa1 127,000.00 193,976.74 312,768.18 99.71%4,969,890.71 313,053.00 100.00% 4,268,767.71 127,000.00 99.67% 100.01% 127,000.00 62,070.00 62,057.50 62,063.15 Aa 5,000.00 Aa2 4,268,783.76 Totals (000's): Aa3 193,919.63 312,991.74 194,000.00 0.39% NR 99.93% 0.20% Yield Aaa Moody (000's)Par Book Market MKT/Book 4,254,542.03 100.03% 0.15% 4,998.50 4,924.70 98.52% 1.01% 0.42% 0.16% MOODY’S S & P S&P (000's) AAA AA+3,653,267.71 3,652,698.32 AA AA-250,000.00 249,963.00 NR Totals (000's): 4,969,890.71 4,969,751.13 4,955,274.81 99.71% 0.39% 99.59% 313,053.00 312,991.74 312,768.18 99.93% 0.20% 687,500.00 66,070.00 66,057.50 66,063.15 100.01% 0.21% 688,623.57 100.08% 0.46% 3,637,835.64 688,040.56 0.41% 249,984.27 100.01% 0.13% Par Book Market MKT/Book Yield RIVERSIDE COUNTY TREASURER-TAX COLLECTOR 6 25 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss CALTRUST HERITAGE 07/01/2013 .077 90,000,000.00 90,000,000.00 100.000000 90,000,000.00 0.00 FIDELITY PRIME 07/01/2013 .080 100,000,000.00 100,000,000.00 100.000000 100,000,000.00 0.00 FEDERATED PRIME 07/01/2013 .048 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00 MORGAN STANLEY PRIME 07/01/2013 .071 100,000,000.00 100,000,000.00 100.000000 100,000,000.00 0.00 .074 315,000,000.00 315,000,000.00 100.000000 315,000,000.00 0.00 CALTRUST SHT TERM FUND 07/01/2013 .342 54,000,000.00 54,000,000.00 100.000000 54,000,000.00 0.00 .342 54,000,000.00 54,000,000.00 100.000000 54,000,000.00 0.00 UB MANAGED RATE 07/01/2013 .081 130,000,000.00 130,000,000.00 100.000000 130,000,000.00 0.00 .081 130,000,000.00 130,000,000.00 100.000000 130,000,000.00 0.00 US DIST COURTHOUSE 06/15/2020 .878 485,000.00 485,000.00 100.000000 485,000.00 0.00 .878 485,000.00 485,000.00 100.000000 485,000.00 0.00 U.S. TREASURY BOND 09/30/2013 .125 20,000,000.00 19,983,593.75 100.008000 20,001,600.00 18,006.25 U.S. TREASURY BOND 09/30/2013 .125 20,000,000.00 19,983,593.75 100.008000 20,001,600.00 18,006.25 U.S. TREASURY BOND 09/30/2013 .125 10,000,000.00 9,992,578.13 100.008000 10,000,800.00 8,221.87 U.S. TREASURY BOND 01/31/2014 .250 25,000,000.00 25,008,789.06 100.074000 25,018,500.00 9,710.94 U.S. TREASURY BOND 01/31/2014 .250 25,000,000.00 25,009,765.63 100.074000 25,018,500.00 8,734.37 U.S. TREASURY BOND 10/31/2013 .250 25,000,000.00 25,010,742.19 100.051000 25,012,750.00 2,007.81 U.S. TREASURY BOND 02/28/2014 .250 25,000,000.00 25,006,835.95 100.074000 25,018,500.00 11,664.05 U.S. TREASURY BOND 01/31/2014 .250 25,000,000.00 25,013,671.88 100.074000 25,018,500.00 4,828.12 U.S. TREASURY BOND 01/31/2014 .250 25,000,000.00 25,004,882.81 100.074000 25,018,500.00 13,617.19 U.S. TREASURY BOND 02/28/2014 .250 25,000,000.00 25,004,882.81 100.074000 25,018,500.00 13,617.19 U.S. TREASURY BOND 02/28/2014 .250 25,000,000.00 25,001,953.13 100.074000 25,018,500.00 16,546.87 U.S. TREASURY BOND 11/30/2013 .250 25,000,000.00 25,010,742.19 100.059000 25,014,750.00 4,007.81 U.S. TREASURY BOND 10/31/2013 .250 25,000,000.00 25,013,671.88 100.051000 25,012,750.00 -921.88 U.S. TREASURY BOND 11/30/2013 .250 10,000,000.00 10,005,078.13 100.059000 10,005,900.00 821.87 U.S. TREASURY BOND 05/31/2014 .250 20,000,000.00 19,998,437.50 100.059000 20,011,800.00 13,362.50 U.S. TREASURY BOND 06/30/2014 .250 20,000,000.00 20,002,343.75 100.059000 20,011,800.00 9,456.25 U.S. TREASURY BOND 02/28/2014 .250 25,000,000.00 25,008,787.89 100.074000 25,018,500.00 9,712.11 U.S. TREASURY BOND 05/31/2014 .250 25,000,000.00 25,007,812.50 100.059000 25,014,750.00 6,937.50 U.S. TREASURY BOND 06/30/2014 .250 25,000,000.00 25,005,859.38 100.059000 25,014,750.00 8,890.62 U.S. TREASURY BOND 06/30/2014 .250 25,000,000.00 25,004,882.81 100.059000 25,014,750.00 9,867.19 U.S. TREASURY BOND 01/31/2014 .250 30,000,000.00 30,018,750.00 100.074000 30,022,200.00 3,450.00 U.S. TREASURY BOND 02/28/2014 .250 20,000,000.00 20,012,500.00 100.074000 20,014,800.00 2,300.00 U.S. TREASURY BOND 10/31/2013 .250 25,000,000.00 25,018,554.69 100.051000 25,012,750.00 -5,804.69 U.S. TREASURY BOND 05/31/2014 .250 25,000,000.00 25,006,835.94 100.059000 25,014,750.00 7,914.06 U.S. TREASURY BOND 10/31/2013 .250 20,000,000.00 20,014,062.50 100.051000 20,010,200.00 -3,862.50 U.S. TREASURY BOND 10/31/2013 .250 20,000,000.00 20,012,500.00 100.051000 20,010,200.00 -2,300.00 U.S. TREASURY BOND 07/31/2014 .125 25,000,000.00 24,986,328.13 99.918000 24,979,500.00 -6,828.13 .235 615,000,000.00 615,148,436.38 100.053724 615,330,400.00 181,963.62 FHLMC 01/14/2014 .160 25,000,000.00 24,965,777.78 99.945000 24,986,250.00 20,472.22 FHLMC DISC NOTE 05/20/2014 .170 50,000,000.00 49,922,083.33 99.875000 49,937,500.00 15,416.67 .167 75,000,000.00 74,887,861.11 99.898333 74,923,750.00 35,888.89 FHLMC 3Yr 10/28/2013 .875 5,000,000.00 4,990,300.00 100.239000 5,011,950.00 21,650.00 FHLMC 3.5YrNc6MoE 03/03/2014 1.250 5,000,000.00 5,000,000.00 100.597000 5,029,850.00 29,850.00 FHLMC 3Yr 02/25/2014 1.375 5,000,000.00 5,000,000.00 100.757000 5,037,850.00 37,850.00 FHLMC 3Yr 02/25/2014 1.375 10,000,000.00 9,973,100.00 100.757000 10,075,700.00 102,600.00 FHLMC 3Yr 04/29/2014 1.350 5,000,000.00 5,027,800.00 100.934000 5,046,700.00 18,900.00 FHLMC 3Yr 10/28/2013 .875 11,000,000.00 11,022,330.00 100.239000 11,026,290.00 3,960.00 FHLMC 2.25Yr 08/13/2013 .875 5,000,000.00 5,028,775.00 100.076000 5,003,800.00 -24,975.00 FHLMC 2Yr 10/15/2013 .375 15,000,000.00 14,967,300.00 100.068000 15,010,200.00 42,900.00 FHLMC 2Yr 11/27/2013 .375 10,000,000.00 9,958,700.00 100.095000 10,009,500.00 50,800.00 FHLMC 2Yr 12/23/2013 .625 10,000,000.00 9,999,800.00 100.213000 10,021,300.00 21,500.00 FHLMC 3.5YrNc2YrE 06/30/2015 1.000 5,000,000.00 5,000,000.00 100.425000 5,021,250.00 21,250.00 FHLMC 3.5YrNc2YrE 06/30/2015 1.000 5,000,000.00 5,000,000.00 100.380000 5,019,000.00 19,000.00 FHLMC 1.5Yr 10/15/2013 .375 5,000,000.00 4,997,700.00 100.068000 5,003,400.00 5,700.00 FHLMC 2Yr 02/27/2014 .375 10,000,000.00 9,996,000.00 100.108000 10,010,800.00 14,800.00 FHLMC 3.5YrNc2YrE 08/28/2015 .650 5,000,000.00 5,000,000.00 100.278000 5,013,900.00 13,900.00 FHLMC 3.5YrNc2YrE 08/28/2015 .650 5,000,000.00 5,000,000.00 100.278000 5,013,900.00 13,900.00 FHLMC 3YrNc2YrE 02/24/2015 .500 5,000,000.00 4,988,000.00 100.104000 5,005,200.00 17,200.00 FHLMC 3YrNc2YrE 02/27/2015 .550 5,000,000.00 4,993,500.00 99.930000 4,996,500.00 3,000.00 FHLMC 2Yr 03/21/2014 .300 10,000,000.00 9,984,000.00 100.094000 10,009,400.00 25,400.00 FHLMC 3YrNc2YrE 03/06/2015 .625 5,000,000.00 5,000,000.00 100.284000 5,014,200.00 14,200.00 FHLMC 3YrNc2YrE 03/06/2015 .625 5,000,000.00 5,000,000.00 100.284000 5,014,200.00 14,200.00 FHLMC 3YrNc2YrE 03/12/2015 .650 10,000,000.00 10,000,000.00 100.310000 10,031,000.00 31,000.00 FHLMC 3YrNc2YrE 03/06/2015 .625 5,000,000.00 4,999,500.00 100.284000 5,014,200.00 14,700.00 FHLMC 2Yr 04/28/2014 .375 5,000,000.00 4,994,400.00 100.128000 5,006,400.00 12,000.00 FHLMC 19Mo 10/15/2013 .375 5,000,000.00 5,004,183.00 100.068000 5,003,400.00 -783.00 FHLMC 2.16Yr 04/28/2014 .375 5,000,000.00 4,991,050.00 100.128000 5,006,400.00 15,350.00 FHLMC 3Yr 01/30/2015 .650 5,000,000.00 4,998,250.00 100.258000 5,012,900.00 14,650.00 FHLMC 3.5YrNc2YrB 09/28/2015 .900 5,000,000.00 5,000,000.00 100.475000 5,023,750.00 23,750.00 FHLMC 2Yr 04/28/2014 .375 10,000,000.00 9,972,500.00 100.128000 10,012,800.00 40,300.00 FHLMC 2Yr 04/28/2014 .375 5,000,000.00 4,993,250.00 100.128000 5,006,400.00 13,150.00 FHLMC 2Yr 04/28/2014 .375 5,000,000.00 4,992,015.05 100.128000 5,006,400.00 14,384.95 FHLMC 2Yr 04/28/2014 .375 12,000,000.00 11,984,880.00 100.128000 12,015,360.00 30,480.00 FHLMC 2Yr 03/21/2014 .300 10,000,000.00 9,992,000.00 100.094000 10,009,400.00 17,400.00 FHLMC 2Yr 10/30/2013 .375 10,000,000.00 10,007,600.00 100.074000 10,007,400.00 -200.00 FHLMC 2Yr 10/30/2013 .375 10,000,000.00 10,007,200.00 100.074000 10,007,400.00 200.003137EACX5.320 .333 .334 3134G3NS5 .345 .723 .723 3137EACX5 .318 .333 .334 3134G3SB7 .452 .825 .827 3134G3SB7 .437 .825 .827 3134G3SB7 .509 .825 .827 3134G3SB7 .440 .825 .827 3134G3JX9 .662 1.568 1.586 3134G3TL4 .900 2.212 2.247 3134G2U42 .323 .292 .293 3134G3SB7 .460 .825 .827 3134G3QW3 .628 1.669 1.682 3134G3SB7 .427 .825 .827 3134G3QW3 .625 1.669 1.682 3134G3RP7 .650 1.685 1.699 3134G3NS5 .378 .723 .723 3134G3QW3 .625 1.669 1.682 3134G3NL0 .581 1.638 1.655 3134G3PD6 .594 1.645 1.663 3134G3MY3 .650 2.138 2.162 3134G3MY3 .650 2.138 2.162 3134G2U42 .400 .292 .293 3134G3LA6 .394 .656 .663 3134G3EB2 1.000 1.975 2.000 3134G3EN6 1.000 1.975 2.000 3137EACZ0 .580 .409 .411 3134G3BF6 .626 .480 .482 3134G2FT4 .611 .120 .121 3134G2U42 .483 .292 .293 3134G2CL4 1.160 .822 .830 3137EACL1 .790 .327 .329 1.375 .645 .658 3137EACR8 1.465 .645 .658 3137EACR8 3137EACL1 .937 .327 .329 1.250 .668 .6743134G1SG0 .167 .771 .773 FHLMC BONDS 313397RU7 .160 .541 .542 313397XA4 .170 .886 .888 .212 .622 .624 FHLMC DISC NOTES 912828RN2 .160 .336 .337 912828TF7 .172 1.081 1.085 912828SW1 .230 .915 .918 912828RN2 .157 .336 .337 912828SG6 .198 .665 .666 912828RN2 .156 .336 .337 912828TA8 .237 .998 1.000 912828SB7 .195 .582 .589 912828SW1 .229 .915 .918 912828TA8 .235 .998 1.000 912828TA8 .243 .998 1.000 912828SG6 .222 .665 .666 912828RS1 .200 .418 .419 912828SW1 .255 .915 .918 912828RS1 .209 .418 .419 912828RN2 .192 .336 .337 912828SG6 .236 .665 .666 912828SG6 .244 .665 .666 912828SB7 .209 .582 .589 912828SB7 .235 .582 .589 912828RN2 .211 .336 .337 912828SG6 .231 .665 .666 .225 .582 .589 .222 .582 .589 912828SB7 912828SB7 .196 .252 .252 912828RK8 .189 .252 .252 912828RK8 .196 .252 .252 US TREAS BONDS 912828RK8 .878 3.648 6.964 .878 3.648 6.964 LAO .081 .003 .003 LOCAL AGCY OBLIG .081 .003 .003 DDA/PASSBK CASH CLTR .342 .003 .003 .342 .003 .003 .074 .003 .003 CALTRUST FND .048 .003 .003 MPFXX .071 .003 .003 POIXX WFJXX .077 .003 .003 .080 .003 .003FIPXX Fund: 1 POOL FUND MMKT Month End Portfolio Holdings CUSIP Maturity To Mat Modified Duration Years To Maturity RIVERISIDE COUNTY TREASURER-TAX COLLECTOR 7 26 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss Month End Portfolio Holdings CUSIP Maturity To Mat Modified Duration Years To Maturity FHLMC 2Yr 02/27/2014 .375 10,000,000.00 10,011,600.00 100.108000 10,010,800.00 -800.00 FHLMC 3.25Yr 08/28/2015 .500 15,000,000.00 15,000,000.00 100.065000 15,009,750.00 9,750.00 FHLMC 3.25Yr 08/28/2015 .500 15,000,000.00 14,997,150.00 100.065000 15,009,750.00 12,600.00 FHLMC 3.25Yr 08/28/2015 .500 15,000,000.00 14,991,300.00 100.065000 15,009,750.00 18,450.00 FHLMC 2.25Yr 12/05/2014 .350 10,000,000.00 10,000,000.00 100.071000 10,007,100.00 7,100.00 FHLMC 3YrNc1YrE 09/25/2015 .500 10,000,000.00 10,000,000.00 99.921000 9,992,100.00 -7,900.00 FHLMC 3YrNc1YrE 09/25/2015 .500 10,000,000.00 10,000,000.00 99.921000 9,992,100.00 -7,900.00 FHLMC 2Yr 12/05/2014 .350 5,000,000.00 5,001,182.30 100.071000 5,003,550.00 2,367.70 FHLMC 14 Mo 12/23/2013 .625 10,100,000.00 10,146,965.00 100.213000 10,121,513.00 -25,452.00 FHLMC 2Yr 12/05/2014 .350 10,000,000.00 10,001,900.00 100.071000 10,007,100.00 5,200.00 FHLMC 4Yr 11/01/2016 .625 10,000,000.00 9,991,200.00 99.067000 9,906,700.00 -84,500.00 FHLMC 2YrNc1YrE 11/26/2014 .350 5,000,000.00 5,000,000.00 100.001000 5,000,050.00 50.00 FHLMC 2YrNc1YrE 11/26/2014 .350 5,000,000.00 5,000,000.00 100.001000 5,000,050.00 50.00 FHLMC 3YrNc1YrE 11/27/2015 .500 5,000,000.00 5,000,000.00 99.721000 4,986,050.00 -13,950.00 FHLMC 3YrNc1YrE 11/27/2015 .500 5,000,000.00 5,000,000.00 99.721000 4,986,050.00 -13,950.00 FHLMC 2Yr 12/03/2014 .320 5,000,000.00 5,000,000.00 100.030000 5,001,500.00 1,500.00 FHLMC 2Yr 12/05/2014 .350 5,000,000.00 5,002,995.00 100.071000 5,003,550.00 555.00 FHLMC 10Mo 10/30/2013 .375 15,000,000.00 15,023,565.00 100.074000 15,011,100.00 -12,465.00 FHLMC 3YrNc1YrB 01/15/2016 .500 5,000,000.00 5,000,000.00 99.582000 4,979,100.00 -20,900.00 FHLMC 3YrNc2YrB 01/28/2016 .500 5,000,000.00 5,000,000.00 99.476000 4,973,800.00 -26,200.00 FHLMC 3YrNc2YrB 01/28/2016 .500 5,000,000.00 5,000,000.00 99.476000 4,973,800.00 -26,200.00 FHLMC 3YrNc2YrE 01/28/2016 .500 5,000,000.00 5,000,000.00 99.476000 4,973,800.00 -26,200.00 FHLMC 3YrNc2YrB 01/28/2016 .500 5,000,000.00 5,000,000.00 99.476000 4,973,800.00 -26,200.00 FHLMC 3YrNc2YrB 01/28/2016 .500 5,000,000.00 5,000,000.00 99.476000 4,973,800.00 -26,200.00 FHLMC 3YrNc2YrB 01/28/2016 .500 10,000,000.00 9,998,000.00 99.476000 9,947,600.00 -50,400.00 FHLMC 3YrNc2YrE 01/28/2016 .500 6,000,000.00 5,998,800.00 99.476000 5,968,560.00 -30,240.00 FHLMC 3YrNc1YrE 01/15/2016 .450 5,000,000.00 5,000,000.00 99.510000 4,975,500.00 -24,500.00 FHLMC 4Yr 11/01/2016 .625 4,625,000.00 4,629,301.25 99.067000 4,581,848.75 -47,452.50 FHLMC 3YrNc6MoB 03/28/2016 .600 5,000,000.00 5,000,000.00 99.492000 4,974,600.00 -25,400.00 FHLMC 3.5YrNc3MoB 09/14/2016 .650 5,000,000.00 5,000,000.00 99.136000 4,956,800.00 -43,200.00 FHLMC 2.5YrNc3MoB 09/14/2015 .500 5,000,000.00 5,000,000.00 99.795000 4,989,750.00 -10,250.00 FHLMC 3YrNc3MoB 09/14/2016 .650 5,000,000.00 4,999,000.00 99.136000 4,956,800.00 -42,200.00 FHLMC 3.5YrNc3MoB 09/14/2016 .650 5,000,000.00 5,000,000.00 99.136000 4,956,800.00 -43,200.00 FHLMC 3Yr 05/13/2016 .500 10,000,000.00 9,999,900.00 99.370000 9,937,000.00 -62,900.00 FHLMC 3Yr 05/13/2016 .500 5,000,000.00 5,000,000.00 99.370000 4,968,500.00 -31,500.00 FHLMC 3Yr 05/13/2016 .500 5,000,000.00 5,000,000.00 99.370000 4,968,500.00 -31,500.00 .541 513,725,000.00 513,656,991.60 99.984821 513,647,021.75 -9,969.85 FNMA DISC NOTE 09/04/2013 .100 10,000,000.00 9,998,083.33 99.993000 9,999,300.00 1,216.67 .100 10,000,000.00 9,998,083.33 99.993000 9,999,300.00 1,216.67 FNMA 3YrNc6MoE 09/03/2013 1.050 5,000,000.00 4,998,750.00 100.136000 5,006,800.00 8,050.00 FNMA 3YrNc6MoE 09/09/2013 1.050 5,000,000.00 5,000,000.00 100.172000 5,008,600.00 8,600.00 FNMA 3YrNc6MoE 09/09/2013 1.050 5,000,000.00 5,000,000.00 100.172000 5,008,600.00 8,600.00 FNMA 3YrNc6MoE 09/09/2013 1.050 5,000,000.00 5,000,000.00 100.172000 5,008,600.00 8,600.00 FNMA 3YrNc6MoE 09/09/2013 1.050 5,000,000.00 4,995,000.00 100.172000 5,008,600.00 13,600.00 FNMA 3YrNc6MoE 09/09/2013 1.050 5,000,000.00 5,000,000.00 100.172000 5,008,600.00 8,600.00 FNMA 3.25YrNc6MoE 12/17/2013 1.125 5,000,000.00 4,997,500.00 100.451000 5,022,550.00 25,050.00 FNMA 3.5YrNc6MoE 03/21/2014 1.350 5,000,000.00 5,000,000.00 100.822000 5,041,100.00 41,100.00 FNMA 3YrNc6MoE 10/08/2013 1.125 5,000,000.00 5,000,000.00 100.265000 5,013,250.00 13,250.00 FNMA 3YrNc6MoE 10/08/2013 1.125 5,000,000.00 5,000,000.00 100.265000 5,013,250.00 13,250.00 FNMA 3YrNc6MoE 10/08/2013 1.125 5,000,000.00 5,000,000.00 100.265000 5,013,250.00 13,250.00 FNMA 3YrNc6MoE 11/19/2013 .800 10,000,000.00 10,000,000.00 100.207000 10,020,700.00 20,700.00 FNMA 3YrNc6MoE 11/19/2013 .800 5,000,000.00 5,000,000.00 100.207000 5,010,350.00 10,350.00 FNMA 5Yr 02/04/2016 .303 10,000,000.00 9,990,000.00 100.137000 10,013,700.00 23,700.00 FNMA 4Yr 03/14/2014 1.250 5,000,000.00 4,996,000.00 100.730000 5,036,500.00 40,500.00 FNMA 3Yr 12/18/2013 .750 5,000,000.00 4,941,950.00 100.293000 5,014,650.00 72,700.00 FNMA 5Yr 03/13/2014 2.750 10,000,000.00 10,454,500.00 101.776000 10,177,600.00 -276,900.00 FNMA 3Yr 11/19/2013 .800 5,000,000.00 4,991,250.00 100.207000 5,010,350.00 19,100.00 FNMA 2.25Yr 08/09/2013 .500 10,000,000.00 9,983,000.00 100.038000 10,003,800.00 20,800.00 FNMA 2Yr 08/09/2013 .500 10,000,000.00 9,979,200.00 100.038000 10,003,800.00 24,600.00 FNMA 3Yr 12/18/2013 .750 10,000,000.00 10,063,305.58 100.293000 10,029,300.00 -34,005.58 FNMA 3YrNc2YrE 09/12/2014 .625 5,000,000.00 5,000,000.00 100.083000 5,004,150.00 4,150.00 FNMA 3YrNc2YrE 09/12/2014 .625 5,000,000.00 5,000,000.00 100.083000 5,004,150.00 4,150.00 FNMA 3YrNc2YrE 12/05/2014 .850 5,000,000.00 5,000,000.00 100.199000 5,009,950.00 9,950.00 FNMA 3YrNc2YrE 12/23/2014 .825 5,000,000.00 5,000,000.00 100.204000 5,010,200.00 10,200.00 FNMA 3YrNc2YrE 12/23/2014 .825 5,000,000.00 5,000,000.00 100.204000 5,010,200.00 10,200.00 FNMA 3Yr 03/16/2015 .375 5,000,000.00 4,973,800.00 100.011000 5,000,550.00 26,750.00 FNMA 1.4Yr 08/09/2013 .500 5,000,000.00 5,011,850.00 100.038000 5,001,900.00 -9,950.00 FNMA 3Yr 05/27/2015 .500 5,000,000.00 4,995,000.00 100.163000 5,008,150.00 13,150.00 FNMA 5YrNc1YrB 06/28/2017 .750 5,000,000.00 5,000,000.00 98.231000 4,911,550.00 -88,450.00 FNMA 3Yr 07/02/2015 .500 10,000,000.00 9,988,000.00 100.133000 10,013,300.00 25,300.00 FNMA 5YrNc1YrB 07/26/2017 .875 5,000,000.00 5,000,000.00 98.686000 4,934,300.00 -65,700.00 FNMA 5YrNc1YrB 07/10/2017 .850 4,980,000.00 4,980,000.00 98.447000 4,902,660.60 -77,339.40 FNMA 2YrNc1YrB 01/26/2015 .500 20,000,000.00 20,000,000.00 99.962000 19,992,400.00 -7,600.00 FNMA 5YrNc1YrB 07/26/2017 1.150 5,000,000.00 5,000,000.00 98.699000 4,934,950.00 -65,050.00 FNMA 5YrNc2YrB 07/25/2017 .750 10,000,000.00 10,000,000.00 99.762000 9,976,200.00 -23,800.00 FNMA 5YrNc1YrB 07/26/2017 .875 10,000,000.00 10,000,000.00 98.686000 9,868,600.00 -131,400.00 FNMA 5YrNc1YrB 07/26/2017 .875 5,000,000.00 5,000,000.00 98.686000 4,934,300.00 -65,700.00 FNMA 3YrNc1YrE 07/17/2015 .600 5,000,000.00 5,000,000.00 100.018000 5,000,900.00 900.00 FNMA 4YrNc1YrB 08/16/2016 .500 5,000,000.00 5,000,000.00 100.028000 5,001,400.00 1,400.00 FNMA 5YrNc1YrB 08/15/2017 .750 5,000,000.00 5,000,000.00 98.621000 4,931,050.00 -68,950.00 FNMA 5YrNc1YrB 08/14/2017 .625 5,000,000.00 5,000,000.00 97.921000 4,896,050.00 -103,950.00 FNMA 5YrNc1YrB 08/16/2017 .750 5,000,000.00 5,000,000.00 98.731000 4,936,550.00 -63,450.00 FNMA 5YrNc1YrB 08/14/2017 .625 10,000,000.00 9,995,000.00 98.068000 9,806,800.00 -188,200.00 FNMA 4YrNc1YrB 08/16/2016 .500 5,000,000.00 5,000,000.00 100.028000 5,001,400.00 1,400.00 FNMA 3Yr 09/28/2015 .500 10,000,000.00 9,991,400.00 99.955000 9,995,500.00 4,100.00 3136G0UC3 .500 3.094 3.132 3135G0NV1 .528 2.226 2.247 3136G0UX7 .750 4.046 4.132 3136G0VA6 .635 4.054 4.126 3136G0TZ4 .750 4.043 4.129 3136G0VZ1 .625 4.054 4.126 3135G0MP5 .600 2.026 2.047 3136G0UC3 .500 3.094 3.132 3136G0RP8 .875 3.977 4.074 3136G0RP8 .875 3.977 4.074 3136G0RT0 1.150 3.948 4.074 3136G0RW3 .750 3.988 4.071 3136G0PU9 .850 3.948 4.030 3135G0MQ3 .500 1.561 1.575 3135G0LN1 .540 1.988 2.005 3136G0RP8 .875 3.977 4.074 3135G0KM4 .533 1.896 1.907 3136G0MZ1 .750 3.928 3.997 3135G0HG1 .550 1.701 1.710 3135G0BR3 .330 .109 .110 3135G0GM9 .825 1.468 1.482 3135G0GM9 .825 1.468 1.482 3135G0CU5 .625 1.192 1.203 3135G0GC1 .850 1.418 1.433 31398A5W8 .480 .467 .468 3135G0CU5 .625 1.192 1.203 3135G0BR3 .580 .109 .110 3135G0BR3 .600 .109 .110 31398AVZ2 1.128 .692 .701 31398A5Z1 .870 .387 .389 31398A3K6 1.278 .698 .704 31398A5W8 1.194 .465 .468 31398A5Z1 .800 .387 .389 3136FP6X0 .340 2.580 2.600 31398A4H2 1.125 .272 .274 31398A5Z1 .800 .387 .389 31398A4H2 1.125 .272 .274 31398A4H2 1.125 .272 .274 3136FPEX1 1.141 .463 .466 31398A3R1 1.350 .717 .723 3136FPEL7 1.084 .193 .195 3136FPEL7 1.050 .193 .195 3136FPEL7 1.050 .193 .195 3136FPEL7 1.050 .193 .195 31398A3A8 1.058 .177 .178 3136FPEL7 1.050 .193 .195 .100 .181 .181 FNMA BONDS 313589LG6 .100 .181 .181 FNMA DISC NOTES 3137EADQ9 .500 2.844 2.871 .540 1.500 1.514 3137EADQ9 .500 2.844 2.871 3137EADQ9 .500 2.844 2.871 3134G36J4 .656 3.161 3.211 3134G36J4 .650 3.161 3.211 3134G36J4 .650 3.161 3.211 3134G36M7 .500 2.188 2.208 3134G3S50 .600 3.294 3.342 3134G36A3 .600 2.714 2.745 3134G34B3 .507 2.553 2.581 3134G33R9 .450 2.519 2.545 3134G34B3 .500 2.561 2.581 3134G34B3 .507 2.561 2.581 3134G34B3 .500 2.553 2.581 3134G34B3 .500 2.561 2.581 3134G34B3 .500 2.553 2.581 3134G34B3 .500 2.553 2.581 3137EACX5 .197 .334 .334 3134G33X6 .500 2.517 2.545 3134G32E9 .320 1.421 1.427 3134G3H78 .320 1.426 1.433 3134G3Y20 .500 2.390 2.411 3134G3Y20 .500 2.390 2.411 3134G3W71 .350 1.400 1.408 3134G3W71 .350 1.400 1.408 3134G3H78 .341 1.426 1.433 3134G3S50 .647 3.293 3.342 3134G3H78 .339 1.426 1.433 3134G3BF6 .233 .481 .482 3134G3L24 .500 2.218 2.238 3134G3L24 .500 2.218 2.238 3134G3ZA1 .519 2.143 2.162 3134G3H78 .350 1.425 1.433 3134G3ZA1 .500 2.143 2.162 3134G3ZA1 .506 2.143 2.162 3134G3LA6 .303 .656 .663 RIVERISIDE COUNTY TREASURER-TAX COLLECTOR 8 27 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss Month End Portfolio Holdings CUSIP Maturity To Mat Modified Duration Years To Maturity FNMA 5YrNc1YrB 08/28/2017 .750 10,000,000.00 10,000,000.00 99.212000 9,921,200.00 -78,800.00 FNMA 5YrNc1YrB 09/20/2017 .750 5,000,000.00 5,000,000.00 97.664000 4,883,200.00 -116,800.00 FNMA 5YrNc1YrB 09/20/2017 .750 10,000,000.00 10,000,000.00 97.664000 9,766,400.00 -233,600.00 FNMA 5YrNc1YrB 09/20/2017 .700 5,000,000.00 5,000,000.00 98.823000 4,941,150.00 -58,850.00 FNMA 5YrNc1YrB 09/27/2017 .700 5,000,000.00 5,000,000.00 98.950000 4,947,500.00 -52,500.00 FNMA 5YrNc1YrB 09/27/2017 .700 5,000,000.00 5,000,000.00 98.950000 4,947,500.00 -52,500.00 FNMA 5YrNc1YrB 09/20/2017 .700 5,000,000.00 5,000,000.00 98.823000 4,941,150.00 -58,850.00 FNMA 5YrNc1YrB 11/08/2017 .700 10,000,000.00 10,000,000.00 98.650000 9,865,000.00 -135,000.00 FNMA 3YrNc1YrE 10/22/2015 .500 5,000,000.00 5,001,562.50 99.781000 4,989,050.00 -12,512.50 FNMA 3Yr 09/28/2015 .500 5,000,000.00 5,004,150.00 99.955000 4,997,750.00 -6,400.00 FNMA 3YrNc2YrE 11/06/2015 .500 10,000,000.00 10,000,000.00 99.722000 9,972,200.00 -27,800.00 FNMA 3YrNc2YrE 11/25/2015 .480 10,000,000.00 10,000,000.00 99.671000 9,967,100.00 -32,900.00 FNMA 3YrNc1YrE 11/27/2015 .500 5,000,000.00 5,000,000.00 99.687000 4,984,350.00 -15,650.00 FNMA 3.5YrNc2YrE 05/26/2016 .550 5,000,000.00 5,000,000.00 99.301000 4,965,050.00 -34,950.00 FNMA 4YrNc1YrB 11/07/2016 .400 5,000,000.00 5,000,000.00 99.285000 4,964,250.00 -35,750.00 FNMA 5YrNc6MoB 11/07/2017 .600 5,250,000.00 5,250,000.00 98.289000 5,160,172.50 -89,827.50 FNMA 3YrNc1YrE 11/27/2015 .500 5,000,000.00 5,000,000.00 99.687000 4,984,350.00 -15,650.00 FNMA 5YrNc1YrB 12/18/2017 .750 10,000,000.00 10,000,000.00 98.275000 9,827,500.00 -172,500.00 FNMA 3YrNc1YrE 11/06/2015 .500 5,000,000.00 5,000,000.00 99.722000 4,986,100.00 -13,900.00 FNMA 5YrNc1YrB 12/13/2017 .800 5,000,000.00 5,000,000.00 98.438000 4,921,900.00 -78,100.00 FNMA 5YrNc1YrB 12/18/2017 .750 8,752,000.00 8,752,000.00 98.275000 8,601,028.00 -150,972.00 FNMA 5YrNc1YrB 12/13/2017 .650 5,000,000.00 5,000,000.00 98.058000 4,902,900.00 -97,100.00 FNMA 3YrNc1YrB 12/24/2015 .520 5,000,000.00 5,000,000.00 99.589000 4,979,450.00 -20,550.00 FNMA 3YrNc1YrB 12/24/2015 .450 5,000,000.00 5,000,000.00 99.492000 4,974,600.00 -25,400.00 FNMA 3YrNc1YrB 12/24/2015 .450 10,000,000.00 10,000,000.00 99.492000 9,949,200.00 -50,800.00 FNMA 3YrNc1YrB 12/24/2015 .450 10,000,000.00 9,998,000.00 99.492000 9,949,200.00 -48,800.00 FNMA 3YrNc1YrB 12/24/2015 .450 10,000,000.00 10,000,000.00 99.492000 9,949,200.00 -50,800.00 FNMA 5YrNc1YrB 12/26/2017 .750 10,000,000.00 10,000,000.00 97.730000 9,773,000.00 -227,000.00 FNMA 3YrNc1YrB 12/24/2015 .450 5,000,000.00 5,000,000.00 99.492000 4,974,600.00 -25,400.00 FNMA 2.5YrNc1YrB 06/24/2015 .400 11,850,000.00 11,848,815.00 99.878000 11,835,543.00 -13,272.00 FNMA 3YrNc1YrB 12/24/2015 .450 5,000,000.00 5,000,000.00 99.492000 4,974,600.00 -25,400.00 FNMA 3YrNc1YrB 12/24/2015 .450 10,000,000.00 10,000,000.00 99.492000 9,949,200.00 -50,800.00 FNMA 3YrNc1YrB 12/24/2015 .450 10,000,000.00 10,000,000.00 99.492000 9,949,200.00 -50,800.00 FNMA 5YrNc1YrB 12/27/2017 .625 5,000,000.00 5,000,000.00 97.790000 4,889,500.00 -110,500.00 FNMA 5YrNc1YrB 12/13/2017 .800 5,000,000.00 5,000,000.00 98.438000 4,921,900.00 -78,100.00 FNMA 5YrNc1YrB 12/26/2017 .650 8,750,000.00 8,750,000.00 98.229000 8,595,037.50 -154,962.50 FNMA 3YrNc1YrB 12/30/2015 .450 10,000,000.00 10,000,000.00 99.596000 9,959,600.00 -40,400.00 FNMA 5YrNc1YrB 12/26/2017 .700 10,000,000.00 10,000,000.00 98.478000 9,847,800.00 -152,200.00 FNMA 3YrNc1YrB 12/24/2015 .450 10,000,000.00 10,000,000.00 99.492000 9,949,200.00 -50,800.00 FNMA 5YrNc1YrB 01/30/2018 .750 5,000,000.00 5,000,000.00 98.433000 4,921,650.00 -78,350.00 FNMA 5YrNc1YrB 01/30/2018 .700 5,000,000.00 5,000,000.00 98.607000 4,930,350.00 -69,650.00 FNMA 5YrNc6MoB 01/30/2018 .700 7,200,000.00 7,200,000.00 98.506000 7,092,432.00 -107,568.00 FNMA 3YrNc1YrB 01/29/2016 .480 5,000,000.00 4,999,000.00 99.446000 4,972,300.00 -26,700.00 FNMA 3YrNc6MoB 01/15/2016 .500 5,000,000.00 4,999,750.00 99.508000 4,975,400.00 -24,350.00 FNMA 5YrNc1YrB 01/29/2018 .800 10,000,000.00 10,000,000.00 98.543000 9,854,300.00 -145,700.00 FNMA 3YrNc1YrB 01/29/2016 .500 5,000,000.00 5,000,000.00 99.496000 4,974,800.00 -25,200.00 FNMA 5YrNc1YrB 01/30/2018 .700 10,000,000.00 10,000,000.00 97.971000 9,797,100.00 -202,900.00 FNMA 5YrNc1YrB 01/30/2018 .750 4,500,000.00 4,500,000.00 98.600000 4,437,000.00 -63,000.00 FNMA 5YrNc1YrB 01/30/2018 .700 10,000,000.00 10,000,000.00 98.719000 9,871,900.00 -128,100.00 FNMA 3YrNc6MoB 02/22/2016 .520 5,000,000.00 4,996,500.00 99.433000 4,971,650.00 -24,850.00 FNMA 3YrNc6MoB 02/22/2016 .520 5,000,000.00 4,995,000.00 99.433000 4,971,650.00 -23,350.00 FNMA 5YrNc1YrB 02/28/2018 .800 15,000,000.00 15,000,000.00 98.424000 14,763,600.00 -236,400.00 FNMA 5YrNc1YrB 02/28/2018 1.000 10,000,000.00 10,000,000.00 98.494000 9,849,400.00 -150,600.00 FNMA 5YrNc1YrB 02/28/2018 1.000 5,000,000.00 4,998,500.00 98.494000 4,924,700.00 -73,800.00 FNMA 5YrNc6MoB 02/28/2018 1.000 10,000,000.00 10,000,000.00 98.334000 9,833,400.00 -166,600.00 FNMA 5YrNc1YrB 02/20/2018 .800 5,000,000.00 4,993,750.00 98.418000 4,920,900.00 -72,850.00 FNMA 3YrNc1YrE 02/26/2016 .550 5,000,000.00 5,000,000.00 99.579000 4,978,950.00 -21,050.00 FNMA 5YrNc6MoB 02/28/2018 1.000 10,000,000.00 10,000,000.00 98.334000 9,833,400.00 -166,600.00 FNMA 3.5YrNc6MoB 08/26/2016 .700 10,000,000.00 10,000,000.00 99.321000 9,932,100.00 -67,900.00 FNMA 5YrNc6MoB 03/06/2018 1.000 10,000,000.00 10,000,000.00 98.280000 9,828,000.00 -172,000.00 FNMA 5YrNc6MoB 03/19/2018 1.000 5,000,000.00 4,998,750.00 98.147000 4,907,350.00 -91,400.00 FNMA 5YrNc6MoB 03/19/2018 1.000 10,000,000.00 10,000,000.00 98.147000 9,814,700.00 -185,300.00 FNMA 3.25YrNc6MoB 06/13/2016 .625 6,250,000.00 6,250,000.00 99.480000 6,217,500.00 -32,500.00 FNMA 5YrNc6MoB 03/19/2018 1.000 5,000,000.00 5,000,000.00 98.147000 4,907,350.00 -92,650.00 FNMA 5YrNc6MoB 03/27/2018 .500 5,000,000.00 5,000,000.00 98.266000 4,913,300.00 -86,700.00 FNMA 5YrNc1YrB 03/27/2018 .800 5,000,000.00 5,000,000.00 98.278000 4,913,900.00 -86,100.00 FNMA 3.5YrNc6MoB 09/27/2016 .625 5,500,000.00 5,498,350.00 99.022000 5,446,210.00 -52,140.00 FNMA 3.5YrNc6MoB 09/27/2016 .625 5,000,000.00 5,000,000.00 99.022000 4,951,100.00 -48,900.00 FNMA 5YrNc6MoB 03/19/2018 1.000 10,000,000.00 10,000,000.00 98.147000 9,814,700.00 -185,300.00 FNMA 5YrNc1YrB 03/28/2018 .850 5,000,000.00 5,000,000.00 97.961000 4,898,050.00 -101,950.00 FNMA 5YrNc1YrB 03/28/2018 .800 5,000,000.00 5,000,000.00 98.038000 4,901,900.00 -98,100.00 FNMA 5YrNc6MoB 03/20/2018 .750 5,000,000.00 4,996,250.00 98.285000 4,914,250.00 -82,000.00 FNMA 5YrNc1YrB 03/28/2018 .800 5,000,000.00 5,000,000.00 98.259000 4,912,950.00 -87,050.00 FNMA 3YrNc6MoB 09/26/2016 .650 5,000,000.00 5,000,000.00 99.226000 4,961,300.00 -38,700.00 FNMA 3.5YrNc6MoB 10/25/2016 .700 5,000,000.00 5,000,000.00 98.919000 4,945,950.00 -54,050.00 FNMA 3.5YrNc6MoB 10/25/2016 .700 5,000,000.00 5,000,000.00 98.919000 4,945,950.00 -54,050.00 FNMA 3.5YrNc6MoB 10/25/2016 .700 5,000,000.00 5,000,000.00 98.919000 4,945,950.00 -54,050.00 FNMA 3.5YrNc6MoB 10/25/2016 .700 10,000,000.00 10,000,000.00 98.919000 9,891,900.00 -108,100.00 FNMA 3.5YrNc6MoB 10/25/2016 .700 5,000,000.00 5,000,000.00 98.919000 4,945,950.00 -54,050.00 FNMA 3.5YrNc6MoB 10/25/2016 .700 10,000,000.00 10,000,000.00 98.919000 9,891,900.00 -108,100.00 FNMA 3.5YrNc6MoB 10/25/2016 .700 10,000,000.00 10,000,000.00 98.919000 9,891,900.00 -108,100.00 FNMA 5YrNc6MoC 04/24/2018 .800 10,000,000.00 10,000,000.00 97.789000 9,778,900.00 -221,100.00 FNMA 3YrNc6MoB 04/18/2016 .570 5,000,000.00 5,000,000.00 99.410000 4,970,500.00 -29,500.00 FNMA 3YrNc6MoB 04/18/2016 .570 5,000,000.00 4,999,500.00 99.410000 4,970,500.00 -29,000.00 FNMA 3.5YrNc6MoB 10/25/2016 .700 5,000,000.00 5,000,000.00 98.919000 4,945,950.00 -54,050.00 FNMA 5YrNc6MoC 04/16/2018 .750 10,000,000.00 10,000,000.00 97.868000 9,786,800.00 -213,200.00 FNMA 5YrNc6MoB 04/30/2018 .750 10,000,000.00 10,000,000.00 97.523000 9,752,300.00 -247,700.003136G1KJ7.750 4.732 4.836 3135G0WE9 .700 3.272 3.323 3136G1KB4 .750 4.694 4.797 3135G0WC3 .570 2.771 2.803 3135G0WC3 .573 2.771 2.803 3135G0WE9 .700 3.272 3.323 3136G1JY6 .800 4.709 4.819 3135G0WE9 .700 3.272 3.323 3135G0WE9 .700 3.272 3.323 3135G0WE9 .700 3.272 3.323 3135G0WE9 .700 3.272 3.323 3135G0WE9 .700 3.272 3.323 3135G0WE9 .700 3.272 3.323 3136G1HP7 .800 4.637 4.745 3135G0VQ3 .650 3.195 3.244 3136G1HB8 .800 4.637 4.745 3136G1HE2 .765 4.621 4.723 3136G1FW4 1.000 4.586 4.721 3136G1HC6 .850 4.631 4.745 3136G1GR4 .634 3.199 3.247 3136G1GR4 .625 3.199 3.247 3136G1GS2 .500 4.674 4.742 3136G1GN3 .800 4.634 4.742 3136G1FF1 .625 2.920 2.956 3136G1FW4 1.000 4.586 4.721 3136G1FW4 1.005 4.586 4.721 3136G1FW4 1.000 4.586 4.721 3136G1EX3 .700 3.108 3.159 3136G1ET2 1.000 4.550 4.685 3135G0US0 .550 2.628 2.660 3136G1DB2 1.000 4.534 4.668 3136G1DB2 1.000 4.534 4.668 3136G1CW7 .826 4.531 4.647 3136G1DA4 1.000 4.534 4.668 3136G1DA4 1.006 4.533 4.668 3135G0UB7 .554 2.618 2.649 3136G1D97 .800 4.560 4.668 3136G1BF5 .700 4.490 4.589 3135G0UB7 .544 2.618 2.649 3136G1AJ8 .700 4.490 4.589 3136G1AY5 .750 4.483 4.589 3136G1C56 .800 4.474 4.586 3135G0TT0 .500 2.556 2.584 3135G0TH6 .487 2.556 2.584 3135G0TS2 .502 2.517 2.545 3136G1B32 .700 4.490 4.589 3136G1AQ2 .700 4.490 4.589 3135G0ST1 .450 2.467 2.485 3136G1B40 .750 4.483 4.589 3136G17A1 .450 2.483 2.501 3136G1A66 .700 4.411 4.493 3136G13S6 .800 4.364 4.458 3136G17E3 .650 4.417 4.493 3135G0ST1 .450 2.467 2.485 3136G16J3 .625 4.422 4.496 3135G0ST1 .450 2.467 2.485 3135G0ST1 .450 2.467 2.485 3135G0ST1 .450 2.467 2.485 3135G0SQ7 .404 1.973 1.984 3135G0ST1 .450 2.467 2.485 3136G14Q9 .750 4.406 4.493 3135G0ST1 .450 2.467 2.485 3135G0ST1 .457 2.467 2.485 3135G0SL8 .520 2.464 2.485 3135G0ST1 .450 2.467 2.485 3136G12F5 .750 4.384 4.471 3136G12D0 .650 4.381 4.458 3135G0RS4 .500 2.332 2.353 3136G13S6 .800 4.364 4.458 3135G0RX3 .500 2.390 2.411 3136G12F5 .750 4.384 4.471 3136G0Y21 .400 3.325 3.359 3136G03B5 .600 4.286 4.359 3135G0RX3 .500 2.390 2.411 3135G0RZ8 .550 2.877 2.907 3135G0RS4 .500 2.332 2.353 3135G0RY1 .480 2.385 2.405 3135G0QB2 .489 2.293 2.312 3135G0NV1 .471 2.227 2.247 3136G0B59 .700 4.145 4.227 3136G0W49 .700 4.278 4.362 3136G0E64 .700 4.165 4.247 3136G0E64 .700 4.165 4.247 3136G0A27 .750 4.140 4.227 3136G0B59 .700 4.145 4.227 3136G0YU9 .750 4.079 4.164 3136G0A27 .750 4.140 4.227 RIVERISIDE COUNTY TREASURER-TAX COLLECTOR 9 28 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss Month End Portfolio Holdings CUSIP Maturity To Mat Modified Duration Years To Maturity FNMA 3.5YrNc6MoB 10/25/2016 .625 5,000,000.00 5,000,000.00 98.839000 4,941,950.00 -58,050.00 FNMA 3.5YrNc6MoB 10/25/2016 .625 10,000,000.00 10,000,000.00 98.839000 9,883,900.00 -116,100.00 FNMA 3.5YrNc6MoB 10/25/2016 .625 10,000,000.00 10,000,000.00 98.839000 9,883,900.00 -116,100.00 FNMA 5YrNc1YrB 04/16/2018 .750 5,000,000.00 5,000,000.00 97.868000 4,893,400.00 -106,600.00 FNMA 3.5YrNc6MoB 10/25/2016 .625 20,000,000.00 20,000,000.00 98.839000 19,767,800.00 -232,200.00 FNMA 3.5YrNc6MoB 11/15/2016 .600 10,000,000.00 10,000,000.00 98.640000 9,864,000.00 -136,000.00 FNMA 5YrNc6MoB 04/18/2018 .750 5,610,000.00 5,610,000.00 97.751000 5,483,831.10 -126,168.90 FNMA 3.5YrNc1YrB 11/15/2016 .600 10,000,000.00 10,000,000.00 98.640000 9,864,000.00 -136,000.00 FNMA 3YrNc6MoB 05/20/2016 .520 10,000,000.00 10,000,000.00 99.177000 9,917,700.00 -82,300.00 FNMA 5YrNc6MoB 05/08/2018 .800 5,000,000.00 5,000,000.00 97.881000 4,894,050.00 -105,950.00 FNMA 3.5YrNc6MoB 12/27/2016 .680 12,000,000.00 12,006,600.00 98.594000 11,831,280.00 -175,320.00 FNMA 3.5YrNc1YrE 11/15/2016 .600 5,000,000.00 5,000,000.00 98.640000 4,932,000.00 -68,000.00 FNMA 3.5YrNc1YrE 11/15/2016 .600 5,000,000.00 5,000,000.00 98.640000 4,932,000.00 -68,000.00 FNMA 3.5YrNc1YrE 11/15/2016 .600 5,000,000.00 5,000,000.00 98.640000 4,932,000.00 -68,000.00 FNMA 3.5YrNc1YrE 11/15/2016 .600 10,000,000.00 10,000,000.00 98.640000 9,864,000.00 -136,000.00 FNMA 3.5YrNc1YrE 11/15/2016 .600 5,000,000.00 5,000,000.00 98.640000 4,932,000.00 -68,000.00 FNMA 5YrNc6MoB 04/30/2018 .750 5,000,000.00 5,000,000.00 97.523000 4,876,150.00 -123,850.00 FNMA 5YrNc6MoB 05/08/2018 .800 21,750,000.00 21,750,000.00 97.881000 21,289,117.50 -460,882.50 FNMA 3.5YrNc1YrB 11/28/2016 .500 10,000,000.00 9,996,000.00 98.432000 9,843,200.00 -152,800.00 FNMA 3.5YrNc1YrB 11/15/2016 .600 3,635,000.00 3,635,000.00 98.640000 3,585,564.00 -49,436.00 FNMA 3.5YrNc1YrB 11/15/2016 .600 10,000,000.00 9,998,500.00 98.640000 9,864,000.00 -134,500.00 FNMA 3.5YrNc1YrB 11/15/2016 .600 10,000,000.00 10,000,000.00 98.640000 9,864,000.00 -136,000.00 .708 1,111,027,000.00 1,111,351,483.08 99.037429 1,100,332,576.20 -11,018,906.88 FHLB DISC NOTE 06/17/2014 .180 27,000,000.00 26,951,805.00 99.854000 26,960,580.00 8,775.00 FHLB DISC NOTE 09/25/2013 .100 36,000,000.00 35,991,000.00 99.990444 35,996,559.84 5,559.84 FHLB DISC NOTE 09/25/2013 .100 18,000,000.00 17,995,500.00 99.990444 17,998,279.92 2,779.92 FHLB DISC NOTE 09/18/2013 .100 10,000,000.00 9,997,694.44 99.991222 9,999,122.20 1,427.76 .124 91,000,000.00 90,935,999.44 99.950046 90,954,541.96 18,542.52 FHLB 3Yr 08/28/2013 .875 5,000,000.00 5,003,500.00 100.116000 5,005,800.00 2,300.00 FHLB 3Yr 07/29/2013 .850 5,000,000.00 5,001,442.61 100.055000 5,002,750.00 1,307.39 FHLB 3.2Yr 12/27/2013 .875 10,000,000.00 9,982,000.00 100.354000 10,035,400.00 53,400.00 FHLB 4Yr 02/04/2015 .213 15,000,000.00 15,000,000.00 100.008000 15,001,200.00 1,200.00 FHLB 3Yr 03/14/2014 2.375 5,000,000.00 5,140,200.00 101.519000 5,075,950.00 -64,250.00 FHLB 2.5Yr 09/26/2013 1.000 5,000,000.00 5,000,000.00 100.203000 5,010,150.00 10,150.00 FHLB 3Yr 05/27/2014 1.500 5,000,000.00 5,000,000.00 101.157000 5,057,850.00 57,850.00 FHLB 2.25Yr 08/15/2013 1.000 7,500,000.00 7,500,000.00 100.105000 7,507,875.00 7,875.00 FHLB 2.25Yr 08/28/2013 .750 5,000,000.00 5,008,850.00 100.096000 5,004,800.00 -4,050.00 FHLB 3Yr 07/07/2014 .910 10,000,000.00 10,000,000.00 100.686000 10,068,600.00 68,600.00 FHLB 2Yr 08/28/2013 .500 10,000,000.00 9,986,100.00 100.057000 10,005,700.00 19,600.00 FHLB 2Yr 11/29/2013 .450 5,000,000.00 4,997,944.55 100.127000 5,006,350.00 8,405.45 FHLB 1.5Yr 07/09/2013 .375 10,000,000.00 10,000,000.00 100.005000 10,000,500.00 500.00 FHLB 1.5Yr 07/09/2013 .375 10,000,000.00 10,000,000.00 100.005000 10,000,500.00 500.00 FHLB 1.5Yr 07/09/2013 .375 10,085,000.00 10,088,810.82 100.005000 10,085,504.25 -3,306.57 FHLB 2Yr 01/29/2014 .375 5,000,000.00 5,000,000.00 100.101000 5,005,050.00 5,050.00 FHLB 2Yr 07/30/2013 .250 5,000,000.00 4,998,690.00 100.009000 5,000,450.00 1,760.00 FHLB 1.5Yr 08/05/2013 .250 5,000,000.00 5,000,000.00 100.010000 5,000,500.00 500.00 FHLB 1.5Yr 07/30/2013 .250 5,000,000.00 4,997,191.10 100.009000 5,000,450.00 3,258.90 FHLB 1.5Yr 08/05/2013 .250 5,000,000.00 4,997,372.74 100.010000 5,000,500.00 3,127.26 FHLB 1.5Yr 08/05/2013 .250 5,000,000.00 5,000,000.00 100.010000 5,000,500.00 500.00 FHLB 1.5Yr 08/09/2013 .250 5,000,000.00 5,000,000.00 100.012000 5,000,600.00 600.00 FHLB 1.5Yr 07/30/2013 .250 5,000,000.00 4,998,800.00 100.009000 5,000,450.00 1,650.00 FHLB 3Yr 05/22/2015 .500 5,000,000.00 5,000,000.00 100.223000 5,011,150.00 11,150.00 FHLB 1.5Yr 09/09/2013 .310 10,000,000.00 10,000,000.00 100.032000 10,003,200.00 3,200.00 FHLB 2YrNc 02/13/2014 .300 5,000,000.00 4,992,300.00 100.058000 5,002,900.00 10,600.00 FHLB 1.5Yr 09/09/2013 .300 5,000,000.00 5,000,000.00 100.030000 5,001,500.00 1,500.00 FHLB 3Yr 03/13/2015 .375 5,000,000.00 4,973,550.00 100.047000 5,002,350.00 28,800.00 FHLB 1.5Yr 09/09/2013 .310 5,000,000.00 5,001,450.00 100.032000 5,001,600.00 150.00 FHLB 3Yr 03/13/2015 .375 5,000,000.00 4,953,525.00 100.047000 5,002,350.00 48,825.00 FHLB 1.5Yr 09/12/2013 .280 5,000,000.00 4,994,950.00 100.028000 5,001,400.00 6,450.00 FHLB 2.25Yr 05/30/2014 .375 5,000,000.00 4,990,014.15 100.141000 5,007,050.00 17,035.85 FHLB 1.5Yr 10/09/2013 .400 15,000,000.00 15,000,000.00 100.071000 15,010,650.00 10,650.00 FHLB 3Yr 05/04/2015 .700 15,000,000.00 15,000,000.00 100.600000 15,090,000.00 90,000.00 FHLB 1.5Yr 10/11/2013 .350 5,000,000.00 5,000,000.00 100.058000 5,002,900.00 2,900.00 FHLB 1.5Yr 10/15/2013 .350 5,000,000.00 5,000,000.00 100.061000 5,003,050.00 3,050.00 FHLB 1.5Yr 09/16/2013 .280 5,000,000.00 4,997,850.00 100.029000 5,001,450.00 3,600.00 FHLB 3YrNc2YrE 04/30/2015 .650 5,000,000.00 5,000,000.00 100.351000 5,017,550.00 17,550.00 FHLB 2Yr 04/30/2014 .340 5,000,000.00 5,000,000.00 100.099000 5,004,950.00 4,950.00 FHLB 1.5Yr 12/03/2013 .290 10,000,000.00 10,000,000.00 100.063000 10,006,300.00 6,300.00 FHLB 18Mo 12/03/2013 .290 5,000,000.00 4,999,250.00 100.063000 5,003,150.00 3,900.00 FHLB 2Yr 05/19/2014 .350 5,000,000.00 5,000,000.00 100.115000 5,005,750.00 5,750.00 FHLB 18Mo 11/15/2013 .300 5,000,000.00 4,999,850.00 100.059000 5,002,950.00 3,100.00 FHLB 2Yr 05/19/2014 .350 5,000,000.00 5,000,000.00 100.115000 5,005,750.00 5,750.00 FHLB 1.5Yr 01/23/2014 .300 25,000,000.00 24,994,000.00 100.049000 25,012,250.00 18,250.00 FHLB 1Yr 07/17/2013 .250 5,000,000.00 5,000,000.00 100.005000 5,000,250.00 250.00 FHLB 1Yr 07/17/2013 .250 5,000,000.00 5,000,000.00 100.005000 5,000,250.00 250.00 FHLB 1Yr 08/28/2013 .230 10,000,000.00 10,000,000.00 100.014000 10,001,400.00 1,400.00 FHLB 1Yr 07/25/2013 .125 10,000,000.00 9,992,980.00 99.999000 9,999,900.00 6,920.00 FHLB 1Yr 08/20/2013 .125 10,000,000.00 9,993,130.00 99.998000 9,999,800.00 6,670.00 FHLB 1Yr 09/16/2013 .280 10,000,000.00 10,006,780.00 100.029000 10,002,900.00 -3,880.00 FHLB 5YrNc3MoB 10/10/2017 .625 10,000,000.00 10,000,000.00 98.374000 9,837,400.00 -162,600.00 FHLB 1Yr 10/18/2013 .190 5,000,000.00 4,999,365.00 100.015000 5,000,750.00 1,385.00 FHLB 1Yr 11/25/2013 .300 5,000,000.00 5,003,885.00 100.064000 5,003,200.00 -685.00 FHLB 1Yr 11/27/2013 .375 11,000,000.00 11,018,106.00 100.095000 11,010,450.00 -7,656.00 FHLB 3Yr 01/16/2015 .250 5,000,000.00 4,994,000.00 99.939000 4,996,950.00 2,950.00 FHLB 1Yr 01/23/2014 .270 1,000,000.00 1,000,410.00 100.043000 1,000,430.00 20.00 313381H24 .307 1.538 1.548 3133805T0 .233 .563 .567 313379NS4 .228 .405 .405 3133762C8 .213 .410 .411 313380UF2 .625 4.209 4.282 313380YF8 .203 .301 .301 313380HU4 .197 .139 .140 313378LH2 .213 .213 .214 313380LS4 .230 .161 .162 313380B48 .202 .068 .068 3133803E5 .250 .046 .047 3133803E5 .250 .046 .047 313379FL8 .350 .884 .885 3133803M7 .316 .562 .567 313379FL8 .350 .884 .885 313379FK0 .302 .377 .378 3133796L8 .290 .426 .427 3133796L8 .300 .426 .427 313378XS5 .650 1.818 1.833 313379AK5 .340 .831 .833 313378YX3 .350 .292 .293 313378LH2 .310 .213 .214 313378U58 .700 1.828 1.844 313378YL9 .350 .282 .282 313378FY2 .468 .914 .915 313378TT8 .400 .276 .277 313376ZQ1 .689 1.691 1.701 313378LW9 .348 .202 .203 313376ZQ1 .551 1.692 1.701 313378ED9 .291 .194 .195 3133783D1 .379 .618 .625 313378H79 .300 .194 .195 313378AC5 .500 1.882 1.893 313378ED9 .310 .194 .195 3133784T5 .250 .109 .110 313376VB8 .266 .082 .082 313376UY9 .285 .098 .099 313376UY9 .250 .098 .099 313376UY9 .250 .098 .099 313376VB8 .288 .082 .082 313376UF0 .375 .579 .584 313376VB8 .268 .082 .082 313376J55 .375 .025 .025 313376J55 .350 .025 .025 313376A47 .470 .415 .416 313376J55 .375 .025 .025 313374FU9 .910 1.008 1.019 313374Y61 .567 .161 .162 313373F98 1.000 .125 .126 313373S37 .671 .161 .162 3133736H0 1.000 .240 .241 313373CZ3 1.500 .898 .907 313372KE3 .213 1.590 1.600 3133XWKV0 1.404 .695 .704 313370TB4 .840 .079 .079 313371UC8 .934 .491 .493 313370TA6 .851 .161 .162 FHLB BONDS 313385LW4 .100 .219 .219 .124 .451 .451 .100 .238 .238 .100 .238 .238 313385MD5 313385MD5 FHLB DISC NOTES 313385YE0 .180 .962 .964 3135G0WS8 .600 3.334 3.381 .697 3.114 3.170 3135G0WS8 .600 3.334 3.381 3135G0WS8 .604 3.334 3.381 3136G1KW8 .800 4.748 4.858 3136G1LT4 .512 3.376 3.416 3135G0WS8 .600 3.334 3.381 3136G1KJ7 .750 4.732 4.836 3135G0WS8 .600 3.334 3.381 3135G0WS8 .600 3.334 3.381 3135G0WS8 .600 3.334 3.381 3135G0WS8 .600 3.334 3.381 3136G1KW8 .800 4.752 4.858 3136G14F3 .665 3.445 3.496 3135G0WS8 .600 3.334 3.381 3135G0WW9 .520 2.862 2.890 3135G0WS8 .600 3.334 3.381 3136G1JW0 .750 4.699 4.803 3136G1KB4 .750 4.694 4.797 3135G0WL3 .625 3.277 3.323 3135G0WL3 .625 3.277 3.323 3135G0WL3 .625 3.277 3.323 3135G0WL3 .625 3.277 3.323 RIVERISIDE COUNTY TREASURER-TAX COLLECTOR 10 29 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss Month End Portfolio Holdings CUSIP Maturity To Mat Modified Duration Years To Maturity FHLB 10Mo 10/01/2013 .125 9,000,000.00 8,996,202.00 99.996000 8,999,640.00 3,438.00 FHLB 1.5 Yr 01/23/2014 .260 20,000,000.00 20,014,720.00 100.037000 20,007,400.00 -7,320.00 FHLB 1.5Yr 01/23/2014 .300 15,000,000.00 15,017,550.00 100.049000 15,007,350.00 -10,200.00 FHLB 1Yr 01/02/2014 .180 10,000,000.00 9,998,740.00 100.011000 10,001,100.00 2,360.00 FHLB 1.5Yr 01/23/2014 .260 25,000,000.00 25,015,200.00 100.037000 25,009,250.00 -5,950.00 FHLB 1Yr 01/02/2014 .180 15,000,000.00 14,998,110.00 100.011000 15,001,650.00 3,540.00 FHLB 1Yr 01/02/2014 .180 15,000,000.00 14,998,050.00 100.011000 15,001,650.00 3,600.00 FHLB 3YrNc6MoB 01/29/2016 .500 5,000,000.00 5,000,000.00 99.521000 4,976,050.00 -23,950.00 FHLB 2Yr 02/20/2015 .250 5,000,000.00 4,995,550.00 99.859000 4,992,950.00 -2,600.00 FHLB 3.5YrNc6MoB 07/29/2016 .575 5,000,000.00 4,989,500.00 99.293000 4,964,650.00 -24,850.00 FHLB 1Yr 02/07/2014 .125 15,000,000.00 14,992,155.00 99.983000 14,997,450.00 5,295.00 FHLB 5YrNc3MoB 02/13/2018 .500 7,350,000.00 7,350,000.00 98.295000 7,224,682.50 -125,317.50 FHLB 1Yr 02/14/2014 .125 10,000,000.00 9,993,760.00 99.950000 9,995,000.00 1,240.00 FHLB 1Yr 01/07/2014 .180 18,000,000.00 17,999,640.00 100.007000 18,001,260.00 1,620.00 FHLB 1Yr 02/14/2014 .125 15,000,000.00 14,990,820.00 99.950000 14,992,500.00 1,680.00 FHLB 1Yr 02/14/2014 .125 10,000,000.00 9,994,100.00 99.950000 9,995,000.00 900.00 FHLB 1Yr 02/25/2014 .125 5,000,000.00 4,996,625.00 99.945000 4,997,250.00 625.00 FHLB 1Yr 03/06/2014 .180 5,000,000.00 4,999,600.00 99.979000 4,998,950.00 -650.00 FHLB 1Yr 03/05/2014 .180 10,000,000.00 9,998,750.00 99.980000 9,998,000.00 -750.00 FHLB 9Mo 12/11/2013 .160 5,000,000.00 4,999,890.00 100.007000 5,000,350.00 460.00 FHLB 1Yr 02/25/2014 .125 25,000,000.00 24,987,000.00 99.945000 24,986,250.00 -750.00 FHLB 5YrNc6MoB 04/25/2018 .800 10,000,000.00 10,000,000.00 98.098000 9,809,800.00 -190,200.00 FHLB 5YrNc3MoB 04/25/2018 .850 8,350,000.00 8,350,000.00 97.757000 8,162,709.50 -187,290.50 FHLB 13Mo 05/16/2014 .205 25,000,000.00 25,000,000.00 99.987000 24,996,750.00 -3,250.00 FHLB 3.5YrNc3MoB 10/11/2016 .625 9,400,000.00 9,400,000.00 99.072000 9,312,768.00 -87,232.00 FHLB 3.5YrNc3MoB 10/24/2016 .550 10,000,000.00 10,000,000.00 98.763000 9,876,300.00 -123,700.00 FHLB 4YrNc3MoA 10/11/2016 .700 4,285,714.00 4,285,714.00 99.086000 4,246,542.57 -39,171.43 FHLB 5YrNc6MoB 05/21/2018 .750 12,000,000.00 12,000,000.00 97.286000 11,674,320.00 -325,680.00 FHLB 5YrNC3MoB 05/23/2018 .750 10,000,000.00 10,000,000.00 96.900000 9,690,000.00 -310,000.00 FHLB 5YrNc6MoB 05/25/2018 .750 10,000,000.00 10,000,000.00 97.254000 9,725,400.00 -274,600.00 FHLB 5YrNc6MoB 05/29/2018 .750 5,000,000.00 5,000,000.00 97.316000 4,865,800.00 -134,200.00 FHLB 5YrNc1YrB 06/12/2018 .800 10,000,000.00 10,000,000.00 97.405000 9,740,500.00 -259,500.00 FHLB 5YrNc1YrB 06/12/2018 .800 10,000,000.00 10,000,000.00 97.405000 9,740,500.00 -259,500.00 FHLB 1YrNc1MoB 06/12/2014 .200 25,000,000.00 25,000,000.00 99.975000 24,993,750.00 -6,250.00 FHLB 5YrNc3MoB 06/19/2018 .875 5,000,000.00 5,000,000.00 98.449000 4,922,450.00 -77,550.00 FHLB 5YrNc3MoB 06/19/2018 .875 5,000,000.00 5,000,000.00 98.449000 4,922,450.00 -77,550.00 FHLB 5YrNc3MoB 06/19/2018 .875 5,000,000.00 5,000,000.00 98.449000 4,922,450.00 -77,550.00 FHLB 5YrNc3MoB 06/19/2018 .875 10,000,000.00 10,000,000.00 98.449000 9,844,900.00 -155,100.00 FHLB 5YrNc6MoB 06/20/2018 .900 5,000,000.00 4,998,000.00 97.742000 4,887,100.00 -110,900.00 FHLB 5YrNc3MoB 06/20/2018 1.000 13,000,000.00 13,000,000.00 97.362000 12,657,060.00 -342,940.00 FHLB 5YrNc3MoB 06/20/2018 1.250 10,000,000.00 10,000,000.00 97.736000 9,773,600.00 -226,400.00 FHLB 3.5YrNc1MoB 12/19/2016 .750 5,000,000.00 5,000,000.00 98.869000 4,943,450.00 -56,550.00 FHLB 3.5YrNc1MoB 12/19/2016 .750 10,000,000.00 10,000,000.00 98.869000 9,886,900.00 -113,100.00 FHLB 3.5YrNc1YrB 12/27/2016 .700 10,000,000.00 10,000,000.00 99.037000 9,903,700.00 -96,300.00 FHLB 1Yr 05/20/2014 .125 25,000,000.00 24,989,950.00 99.916000 24,979,000.00 -10,950.00 FHLB 5YrNc3MoB 06/27/2018 1.250 5,000,000.00 5,000,000.00 98.416000 4,920,800.00 -79,200.00 FHLB 5YrNc3MoB 06/27/2018 1.250 5,000,000.00 5,000,000.00 98.416000 4,920,800.00 -79,200.00 FHLB 1Yr 06/30/2014 .160 25,000,000.00 24,996,750.00 99.929000 24,982,250.00 -14,500.00 FHLB 5YrNc3MoB 06/27/2018 1.250 5,000,000.00 5,000,000.00 98.416000 4,920,800.00 -79,200.00 FHLB 1Yr 06/20/2014 .125 25,000,000.00 24,987,775.00 99.901000 24,975,250.00 -12,525.00 FHLB 1Yr 06/26/2014 .190 50,000,000.00 49,992,500.00 99.961000 49,980,500.00 -12,000.00 FHLB 11Mo 05/01/2014 .150 25,000,000.00 24,993,150.00 99.942000 24,985,500.00 -7,650.00 .408 1,045,970,714.00 1,045,926,097.97 99.643688 1,042,243,791.82 -3,682,306.15 FFCB DISC NOTE 08/29/2013 .190 10,000,000.00 9,981,105.56 99.995000 9,999,500.00 18,394.44 FFCB DISC NOTE 10/25/2013 .130 25,000,000.00 24,981,312.50 99.984000 24,996,000.00 14,687.50 .147 35,000,000.00 34,962,418.06 99.987143 34,995,500.00 33,081.94 FFCB 3Yr 12/23/2013 1.300 5,000,000.00 5,000,000.00 100.550000 5,027,500.00 27,500.00 FFCB 3Yr 12/23/2013 1.300 5,000,000.00 5,000,000.00 100.550000 5,027,500.00 27,500.00 FFCB 3Yr 12/23/2013 1.300 5,000,000.00 5,015,550.00 100.550000 5,027,500.00 11,950.00 FFCB 2.5Yr 09/23/2013 .980 10,000,000.00 9,988,000.00 100.191000 10,019,100.00 31,100.00 FFCB 5Yr 04/20/2016 .262 10,000,000.00 9,995,000.00 100.156000 10,015,600.00 20,600.00 FFCB 2.5Yr 11/20/2013 .625 5,000,000.00 4,991,100.00 100.187000 5,009,350.00 18,250.00 FFCB 2Yr 09/23/2013 .350 10,000,000.00 9,990,100.00 100.048000 10,004,800.00 14,700.00 FFCB 2Yr 10/03/2013 .350 5,000,000.00 4,995,050.00 100.054000 5,002,700.00 7,650.00 FFCB 2Yr 01/03/2014 .400 6,000,000.00 5,997,600.00 100.121000 6,007,260.00 9,660.00 FFCB 3Yr 03/16/2015 .520 5,000,000.00 4,988,430.00 100.177000 5,008,850.00 20,420.00 FFCB 1.5Yr 11/18/2013 .300 5,000,000.00 5,000,000.00 100.061000 5,003,050.00 3,050.00 FFCB 1.75Yr 12/23/2013 .300 10,000,000.00 9,999,600.00 100.072000 10,007,200.00 7,600.00 FFCB 3Yr 05/01/2015 .500 5,000,000.00 4,997,000.00 100.094000 5,004,700.00 7,700.00 FFCB 3YrNc3MoA 09/28/2015 .450 5,000,000.00 4,995,000.00 99.725000 4,986,250.00 -8,750.00 FFCB 1Yr 10/22/2013 .200 10,000,000.00 9,998,500.00 100.018000 10,001,800.00 3,300.00 FFCB 1Yr 02/26/2014 .200 4,995,000.00 4,994,500.50 99.994000 4,994,700.30 199.80 FFCB 2.5Yr 07/24/2015 .235 15,000,000.00 14,996,061.75 100.099000 15,014,850.00 18,788.25 FFCB 2Yr 12/24/2014 .250 25,000,000.00 24,971,750.00 99.842000 24,960,500.00 -11,250.00 FFCB 2Yr 12/24/2014 .250 10,000,000.00 9,990,170.00 99.842000 9,984,200.00 -5,970.00 FFCB 2Yr 01/07/2015 .250 10,000,000.00 9,988,850.00 99.823000 9,982,300.00 -6,550.00 FFCB 1Yr 01/17/2014 .150 20,000,000.00 19,995,860.00 99.982000 19,996,400.00 540.00 FFCB 1.25Yr 05/13/2014 .200 25,000,000.00 25,000,000.00 99.983000 24,995,750.00 -4,250.00 FFCB 1.25Yr 05/13/2014 .200 25,000,000.00 25,000,000.00 99.983000 24,995,750.00 -4,250.00 FFCB 1.25Yr 05/13/2014 .200 25,000,000.00 25,000,000.00 99.983000 24,995,750.00 -4,250.00 FFCB 1.25Yr 05/13/2014 .200 25,000,000.00 25,000,000.00 99.983000 24,995,750.00 -4,250.00 FFCB 1.25Yr 05/13/2014 .200 25,000,000.00 25,000,000.00 99.983000 24,995,750.00 -4,250.00 FFCB 2Yr 01/07/2015 .250 15,000,000.00 14,991,750.00 99.823000 14,973,450.00 -18,300.00 FFCB 3YrNc1YrC 04/11/2016 .430 5,000,000.00 4,994,250.00 99.139000 4,956,950.00 -37,300.00 FFCB 1.25 Yr 08/08/2014 .170 10,000,000.00 10,000,000.00 99.902000 9,990,200.00 -9,800.003133ECNW0.170 1.103 1.107 3133ECCE2 .281 1.514 1.523 3133ECKZ6 .469 2.758 2.784 3133ECFD1 .200 .868 .868 3133ECFD1 .200 .868 .868 .200 .868 .868 .200 .868 .868 3133ECFD1 3133ECFD1 3133ECD35 .172 .546 .551 3133ECFD1 .200 .868 .868 3133ECAV6 .300 1.479 1.485 3133ECCE2 .306 1.513 1.523 3133ECBA1 .247 2.061 2.066 3133ECAV6 .307 1.479 1.485 3133EA5S3 .215 .312 .312 3133EC4P6 .208 .654 .660 3133EANJ3 .520 1.824 1.836 3133EA2K3 .484 2.228 2.247 3133EALT3 .300 .385 .386 3133EAKT4 .302 .481 .482 31331K5K2 .420 .506 .512 3133EAHP6 .598 1.698 1.710 31331KZJ2 .400 .232 .233 31331KB82 .400 .260 .260 31331KHV5 .279 2.794 2.808 31331KPD6 .700 .390 .392 31331J6A6 1.184 .479 .482 31331KET3 1.029 .232 .233 31331J6A6 1.300 .479 .482 31331J6A6 1.300 .479 .482 .147 .275 .276 FFCB BONDS 313313LA4 .190 .164 .164 313313NK0 .130 .320 .321 .412 1.405 1.428 FFCB DISC NOTES 313383NV9 .205 .987 .989 313383NR8 .182 .835 .836 313383KJ9 1.250 4.824 4.995 313383MM0 .175 .971 .973 313383KJ9 1.250 4.824 4.995 313383KP5 .172 .999 1.000 .167 .888 .888 1.250 4.824 4.995 313383BX8 313383KJ9 313383G62 .750 3.418 3.474 313383HH7 .700 3.443 3.496 1.250 4.805 4.975 .750 3.418 3.474 313383EP2 313383G62 313383EM9 .908 4.851 4.975 313383EN7 1.000 4.838 4.975 313383CP4 .875 4.851 4.973 313383CP4 .875 4.851 4.973 313383CP4 .875 4.851 4.973 313383CP4 .875 4.851 4.973 3133836N6 .800 4.842 4.953 313383AC5 .200 .949 .951 3133834M0 .750 4.813 4.915 3133836N6 .800 4.842 4.953 3133833M1 .750 4.796 4.899 3133833J8 .750 4.802 4.904 313380S57 .700 3.233 3.285 313382Y31 .750 4.790 4.893 313382LE1 .625 3.238 3.285 313382SL8 .550 3.279 3.321 313382PP2 .850 4.705 4.822 313382NP4 .205 .876 .877 313382DF7 .179 .652 .658 313382PH0 .800 4.712 4.822 313382EG4 .193 .679 .679 313382FU2 .163 .449 .449 313382DF7 .194 .652 .658 313382EC3 .188 .682 .682 313382BT9 .187 .621 .627 313382BT9 .185 .621 .627 313382BT9 .187 .621 .627 313381PS8 .182 .519 .523 3133823V3 .177 .602 .608 313381XU4 .500 4.561 4.627 313381YP4 .293 1.633 1.644 313381VK8 .636 3.041 3.082 313381NB7 .193 .505 .510 313381SV8 .500 2.556 2.584 3133805Q6 .203 .563 .567 313381NB7 .193 .505 .510 3133803M7 .193 .563 .567 313381NB7 .193 .505 .510 313380W52 .177 .254 .255 3133805Q6 .193 .563 .567 RIVERISIDE COUNTY TREASURER-TAX COLLECTOR 11 30 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss Month End Portfolio Holdings CUSIP Maturity To Mat Modified Duration Years To Maturity FFCB 1.25Yr 08/08/2014 .170 15,000,000.00 14,995,907.55 99.902000 14,985,300.00 -10,607.55 FFCB 1Yr 06/24/2014 .150 25,000,000.00 24,994,500.00 100.080000 25,020,000.00 25,500.00 FFCB 1.25Yr 05/13/2014 .200 5,350,000.00 5,350,358.45 99.983000 5,349,090.50 -1,267.95 .298 386,345,000.00 386,214,888.25 99.998667 386,339,850.80 124,962.55 FAMCA DISC NOTE 05/15/2014 .180 25,000,000.00 24,959,750.00 99.876000 24,969,000.00 9,250.00 .180 25,000,000.00 24,959,750.00 99.876000 24,969,000.00 9,250.00 FAMCA 3Yr 07/02/2015 .550 10,000,000.00 9,989,000.00 99.914000 9,991,400.00 2,400.00 FAMCA 3YrNc1YrB 09/25/2015 .470 5,000,000.00 4,996,250.00 99.756000 4,987,800.00 -8,450.00 FAMCA 3YrNc1YrB 09/25/2015 .470 2,568,000.00 2,566,716.00 99.756000 2,561,734.08 -4,981.92 FAMCA 1.25 Yr 02/19/2014 .250 5,000,000.00 4,999,050.00 100.027000 5,001,350.00 2,300.00 FAMCA 2Yr 01/23/2015 .320 5,000,000.00 5,000,000.00 99.909000 4,995,450.00 -4,550.00 FAMCA 1Yr 01/25/2014 .190 25,000,000.00 25,000,000.00 99.997000 24,999,250.00 -750.00 FAMCA 15Mo 04/25/2014 .220 10,000,000.00 10,000,000.00 100.001000 10,000,100.00 100.00 FAMCA 1Yr 01/24/2014 .200 10,000,000.00 10,000,000.00 100.003000 10,000,300.00 300.00 FAMCA 3Yr 01/28/2016 .425 5,000,000.00 5,000,000.00 99.392000 4,969,600.00 -30,400.00 FAMCA 5YrNc6MoB 04/03/2018 .750 10,000,000.00 10,000,000.00 98.260000 9,826,000.00 -174,000.00 FAMCA 1.25Yr 06/10/2014 .220 25,000,000.00 25,000,000.00 99.996000 24,999,000.00 -1,000.00 FAMCA 1.25Yr 06/10/2014 .220 20,000,000.00 20,000,000.00 99.996000 19,999,200.00 -800.00 FAMCA 15Mo 08/11/2014 .200 25,000,000.00 24,995,975.00 99.932000 24,983,000.00 -12,975.00 .288 157,568,000.00 157,546,991.00 99.838917 157,314,184.08 -232,806.92 OHIO STATE GO 05/01/2014 1.190 2,000,000.00 2,000,000.00 100.000000 2,000,000.00 0.00 OREGON STATE 11/01/2013 .480 3,595,000.00 3,595,000.00 100.000000 3,595,000.00 0.00 CONNECTICUT ST 04/15/2014 .448 2,000,000.00 2,000,000.00 100.000000 2,000,000.00 0.00 CONNECTICUT ST 04/15/2015 .672 2,000,000.00 2,000,000.00 100.000000 2,000,000.00 0.00 TEXAS ST GO 04/01/2014 .300 18,105,000.00 18,105,000.00 100.000000 18,105,000.00 0.00 LOUISIANA STATE 05/15/2016 .540 12,070,000.00 12,070,000.00 100.000000 12,070,000.00 0.00 .460 39,770,000.00 39,770,000.00 100.000000 39,770,000.00 0.00 GE CAPITAL CORP 07/09/2013 .180 40,000,000.00 39,976,000.00 99.996222 39,998,488.80 22,488.80 GE CAPITAL CORP 08/21/2013 .180 25,000,000.00 24,980,625.00 99.975917 24,993,979.25 13,354.25 COCA-COLA CO 07/22/2013 .120 50,000,000.00 49,985,000.00 99.990083 49,995,041.50 10,041.50 WAL-MART STORES INC 07/30/2013 .100 50,000,000.00 49,987,500.00 99.986306 49,993,153.00 5,653.00 COCA COLA CO 07/23/2013 .120 30,000,000.00 29,991,500.00 99.989611 29,996,883.30 5,383.30 COCA-COLA CO 08/06/2013 .120 20,000,000.00 19,994,000.00 99.983000 19,996,600.00 2,600.00 COCA-COLA CO 08/06/2013 .120 25,000,000.00 24,992,500.00 99.983000 24,995,750.00 3,250.00 .132 240,000,000.00 239,907,125.00 99.987457 239,969,895.85 62,770.85 TORONTO DOMINION 08/29/2013 .160 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 TORONTO DOMINION 07/15/2013 .140 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00 TORONTO DOMINION 09/26/2013 .140 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 .148 125,000,000.00 125,000,000.00 100.000000 125,000,000.00 0.00 .393 4,969,890,714.00 4,969,751,125.22 99.705911 4,955,274,812.46 -14,476,312.76 .393 4,969,890,714.00 4,969,751,125.22 99.705911 4,955,274,812.46 -14,476,312.76Grand Total .389 1.388 1.408 .148 .170 .170 Total Fund .389 1.388 1.408 89112W5M5 .140 .041 .041 .140 .241 .24189112TAC8 NCDS .160 .164 .16489112W3G0 19121AV65 .120 .101 .101 .132 .075 .075 19121AUP4 .120 .063 .063 19121AV65 .120 .101 .101 .120 .060 .060 93114EUW5 .100 .082 .082 19121AUN9 36959HU96 .180 .025 .025 .180 .142 .14236959HVM6 .460 1.407 1.419 COMM PAPER 8827226W6 .300 .751 .753 546415L73 .540 2.847 2.877 20772JED0 .448 .789 .792 20772JEE8 .672 1.776 1.792 677521LH7 1.190 .828 .836 68608UNX0 .480 .339 .340 .293 1.299 1.311 MUNI BONDS .220 .943 .945 .213 1.112 1.115 31315PTZ2 31315PA74 31315PRT8 .750 4.658 4.762 31315PTM1 .220 .943 .945 31315PYE3 .200 .566 .570 31315PYY9 .425 2.556 2.581 31315PXL8 .190 .568 .573 31315PYL7 .220 .818 .819 31315PYX1 .265 .635 .641 31315PWS4 .320 1.557 1.567 .495 2.219 2.238 31315PVR7 .487 2.219 2.238 31315PVR7 .587 1.986 2.005 FARMER MAC 31315PQK8 31315LWV6 .180 .872 .874 .180 .872 .874 .316 1.031 1.034 FMAC DISC NOTES 3133ECSV7 .172 .982 .984 3133ECFD1 .192 .868 .868 3133ECNW0 .193 1.104 1.107 RIVERISIDE COUNTY TREASURER-TAX COLLECTOR 12 31 1 Mutual Funds maturity may be interpreted as weighted average maturity not exceeding 60 days. 2 Or must have an investment advisor with not less than 5 years experience and with assets under management of $500,000,000. THIS COMPLETES THE REPORT REQUIREMENTS OF CALIFORNIA GOVERNMENT C0DE 53646 Investment Category Maximum Maturity Authorized % Limit S&P/ Moody's Maximum Maturity Authorized % Limit S&P/ Moody's Actual % MUNICIPAL BONDS (MUNI) 5 YEARS NO LIMIT NA 3 YEARS 15% AA-/Aa3/AA-0.80% U.S. TREASURIES 5 YEARS NO LIMIT NA 5 YEARS 100%NA 12.38% LOCAL AGENCY OBLIGATIONS (LAO) 5 YEARS NO LIMIT NA 3 YEARS 2.5% INVESTMENT GRADE 0.01% FEDERAL AGENCIES 5 YEARS NO LIMIT AAA 5 YEARS 100%NA 69.43% COMMERCIAL PAPER (CP)270 DAYS 40% A1/P1 270 DAYS 40%A1/P1/F1 4.83% CERTIFICATE & TIME DEPOSITS (NCD & TCD) 5 YEARS 30% NA 1 YEAR 25% Combined A1/P1/F1 2.52% REPURCHASE AGREEMENTS (REPO) 1 YEARS NO LIMIT NA 45 DAYS 40% max, 25% in term repo over 7 days A1/P1/F1 0.00% REVERSE REPOS 92 DAYS 20% NA 60 DAYS 10%NA 0.00% MEDIUM TERM NOTES (MTNO) 5 YEARS 30% A 3 YEARS 20%AA/Aa2/AA 0.00% CALTRUST SHORT TERM FUND NA NA NA DAILY LIQUIDITY 1.0% NA 1.09% MONEY MARKET MUTUAL FUNDS (MMF) 60 DAYS (1)20% AAA/Aaa (2) DAILY LIQUIDITY 20% AAA by 2 Of 3 RATINGS AGC. 6.34% LOCAL AGENCY INVESTMENT FUND (LAIF) NA NA NA DAILY LIQUIDITY Max $50 million NA 0.00% CASH/DEPOSIT ACCOUNT NA NA NA NA NA NA 2.62% GOVERNMENT CODE COUNTY INVESTMENT POLICY The Treasurer’s Pooled Investment Fund was in FULL COMPLIANCE with the Treasurer’s Statement of Investment Poli- cy. The County’s Investment Policy is more restrictive than the California Government Code. This policy is reviewed annually by the County’s Investment Oversight Committee and approved by the County Board of Supervisors. Full Compliance RIVERSIDE COUNTY TREASURER-TAX COLLECTOR 13 32 County of Riverside Treasurer-Tax Collector Capital Markets 4080 Lemon Street, 4th Floor Riverside, CA 92502-2205 www.treasurer-tax.co.riverside.ca.us (951) 955-3967 33 AGENDA ITEM 8 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 26, 2013 TO: Budget and Implementation Committee FROM: Michele Cisneros, Finance Manager/Controller THROUGH: Theresia Trevino, Chief Financial Officer SUBJECT: Fiscal Year 2012/13 Measure A Local Streets and Roads Budget Adjustment STAFF RECOMMENDATION: This item is for the Committee to: 1) Approve a budget adjustment for an increase in FY 2012/13 expenditures related to Measure A local streets and roads allocations; and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: As part of the year-end closing procedures, the FY 2012/13 Measure A revenues have been estimated at $150 million, an 11 percent increase from the FY 2011/12 Measure A revenues of $134,984,307. The FY 2012/13 budgeted Measure A revenues were $141 million. As a result of the estimated higher revenues, there is a related increase in the Measure A local streets and roads allocations that are turned back and disbursed to the county and eligible cities. Accordingly, a budget adjustment is required to increase budgeted Measure A local streets and roads expenditures, as follows: Measure A Local Streets and Roads FY 2012/13 Budget FY 2012/13 Estimated Allocations Budget Adjustment Western County $ 29,842,000 $ 31,595,000 $ 1,753,000 Coachella Valley 11,343,000 12,081,000 738,000 Palo Verde Valley 944,000 1,005,000 61,000 Total $ 42,129,000 $ 44,681,000 $ 2,552,000 Agenda Item 8 34 Financial Information In Fiscal Year Budget: No Year: FY 2012/13 Amount: $2,552,000 Source of Funds: Measure A local streets and roads Budget Adjustment: Yes GL/Project Accounting No.: 267 71 86104 $1,753,000 WC LSR expenditures 257 71 86104 $ 738,000 CV LSR expenditures 234 71 86104 $ 61,000 PVV LSR expenditures Fiscal Procedures Approved: Date: 08/20/2013 Agenda Item 8 35 AGENDA ITEM 9 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 26, 2013 TO: Budget and Implementation Committee FROM: Theresia Trevino, Chief Financial Officer THROUGH: John Standiford, Deputy Executive Director SUBJECT: Commercial Paper Program Authorization Amount STAFF RECOMMENDATION: This item is for the Committee to: 1) Adopt Resolution No. 13-021, “Resolution of the Riverside County Transportation Commission Authorizing, and Ratifying, Confirming and Extending Prior Authorization of, the Issuance and Sale of Commercial Paper Notes, Authorizing a Reduction of the Maximum Aggregate Principal Amount of Such Commercial Paper Notes Permitted to be Outstanding at Any One Time, and Authorizing the Execution and Delivery of an Amended or Supplemented Indenture, Issuing and Paying Agent Agreement, Credit Agreement, Dealer Agreements, and Offering Memorandum, and the Taking of All Other Actions Necessary in Connection Therewith”; and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: In February 2005, the Commission authorized a $200 million commercial paper program to advance right of way acquisition, environmental mitigation, and project development related to the 2009 Measure A. The commercial paper program was established in March 2005 in the amount of $185 million. In February 2010, the Commission reduced the commercial paper program to $120 million, comprised of $60 million Series A Notes (Series A Notes) and $60 million Series B Notes (Series B Notes). Additionally in March 2005, the Commission entered into agreements with Barclays Capital, Inc. (Barclays), as successor in interest to Lehman Brothers, and Merrill Lynch, Pierce, Fenner & Smith Incorporated (BAML), as successor in interest to Banc of America Securities LLC, to serve as the commercial paper dealers for the Series A Notes and Series B Notes, respectively. The agreements, as amended, for the Series A Notes and Series B Notes, allocated $60 million maximum aggregate principal amount of notes at any one-time outstanding for each dealer. Following Commission approval in March 2012, the Commission executed reimbursement agreements and related fee agreements (collectively, Bank Agreements) with Union Bank, N.A. (Union Bank) and Bank of Tokyo-Mitsubishi UFJ, Ltd., (Bank of Tokyo) to provide direct draw Agenda Item 9 36 letters of credit providing credit and liquidity support for each commercial paper series. The purpose of a letter of credit is to provide additional security for investors in the Commission’s commercial paper notes if the Commission were ever unable to refinance such notes at maturity. These Bank Agreements expire in October 2014; however, in connection with the financing of the State Route 91 Corridor Improvement Project (SR-91 CIP) in July 2013, the Commission terminated the letter of credit issued by Bank of Tokyo as one of the steps required to reduce the total amount of debt subject to the 2009 Measure A debt limitation of $975 million. Therefore, at this time only $60 million of the commercial paper program is supported by a letter of credit issued by Union Bank. Staff believes a $60 million commercial paper program is at a sufficient level to meet the Commission’s short-term financing needs for certain Measure A projects. A $60 million commercial paper program together with $773.6 million in outstanding sales tax revenues bonds is below the Measure A debt limitation and provides some capacity for future long-term debt issuances, as necessary. Therefore staff recommends the Commission adopt Resolution No. 13-021 that continues the authorization of $60 million for the commercial paper program’s Series A Notes and approves any amendments, supplements, or terminations necessary to terminate the Commission’s prior authorization to issue the Series B Notes, including the termination of the dealer agreement with BAML, the dealer for the Series B Notes. It also continues the authorization to execute any replacements, amendments, supplements, or terminations relating to any of the commercial paper documents and agreements as necessary for the issuance from time to time of Series A notes. Staff will continue to evaluate the need to maintain the commercial paper program beyond the October 2014 expiration of the Union Bank letter of credit; accordingly, the Commission will be informed of actions to be taken in a timely manner. There is no financial impact to the FY 2013/14 budget as a result of the reduction of the commercial paper program authorization from $120 million to $60 million. Attachment: Resolution No. 13-021 Agenda Item 9 37 NO. 13-021 RESOLUTION OF THE RIVERSIDE COUNTY TRANSPORTATION COMMISSION AUTHORIZING, AND RATIFYING, CONFIRMING AND EXTENDING PRIOR AUTHORIZATION OF, THE ISSUANCE AND SALE OF COMMERCIAL PAPER NOTES, AUTHORIZING A REDUCTION OF THE MAXIMUM AGGREGATE PRINCIPAL AMOUNT OF SUCH COMMERCIAL PAPER NOTES PERMITTED TO BE OUTSTANDING AT ANY ONE TIME, AND AUTHORIZING THE EXECUTION AND DELIVERY OF AN AMENDED OR SUPPLEMENTED INDENTURE, ISSUING AND PAYING AGENT AGREEMENT, CREDIT AGREEMENT, DEALER AGREEMENTS, AND OFFERING MEMORANDUM, AND THE TAKING OF ALL OTHER ACTIONS NECESSARY IN CONNECTION THEREWITH _______________________ WHEREAS, the Riverside County Transportation Commission (the “Commission”) is a county transportation commission duly organized and existing pursuant to the County Transportation Commissions Act, being Division 12 of the Public Utilities Code of the State of California (Section 130000 et seq.) (the “Act”); WHEREAS, the Commission is authorized pursuant to the Riverside County Transportation Sales Tax Act, being Division 25 of the Public Utilities Code of the State of California (Section 240000 et seq.) (the “Sales Tax Act”) to, among other things and with voter approval, levy a retail transactions and use tax in accordance with the provisions of Part 1.6 (commencing with Section 7251) of Division 2 of the California Revenue and Taxation Code (the “Sales Tax Law”) and to issue limited tax bonds payable from the proceeds of such tax, including commercial paper notes; WHEREAS, the Commission adopted Ordinance No. 02-001, named the “Transportation Expenditure Plan and Retail Transaction and Use Tax Ordinance” (the “Ordinance”) on May 8, 2002, pursuant to the provisions of the Sales Tax Act, which Ordinance provides for the imposition of a retail transactions and use tax (the “Sales Tax”) applicable in the incorporated and unincorporated territory of the County in accordance with the provisions of the Sales Tax Act and Sales Tax Law at the rate of one-half of one percent (1/2%) commencing July 1, 2009 and continuing for a period not to exceed thirty (30) years; WHEREAS, by its terms, the Ordinance became effective at the close of the polls on November 5, 2002, the day of the election at which the proposition imposing the Sales Tax was approved by more than two-thirds of the electors voting on the measure; WHEREAS, the Ordinance and the Sales Tax Act empower the Commission to sell or issue, from time to time, limited tax bonds, or other evidences of indebtedness, including commercial paper notes (collectively, the “Sales Tax Debt”) secured by and payable in whole or in part from revenues of the Sales Tax, the proceeds of which will fund capital expenditures for various purposes, including to carry out the transportation projects described in the Riverside County Transportation Improvement Plan, adopted as part of the Ordinance, including any future amendments thereto (the “Expenditure Plan”); OHSUSA:754328491.1 38 WHEREAS, on July 14, 2010, the Commission adopted Ordinance No. 10-002 (the “2010 Ordinance”) providing that the aggregate principal amount of Sales Tax Debt outstanding at any one time shall not exceed $975 million; WHERAS, by its terms, the 2010 Ordinance became effective at the close of the polls on November 2, 2010, the day of the election at which the proposition relating to the 2010 Ordinance was approved by more than a majority of electors voting on the measure; WHEREAS, the Commission has heretofore issued its Sales Tax Revenue Bonds (Limited Tax Bonds), currently outstanding in the aggregate principal amount of $773,600,000 (the “Outstanding Sales Tax Bonds”), pursuant to an Indenture, dated as of June 1, 2008, (as it has been subsequently amended from time to time, the “Sales Tax Revenue Bond Indenture”), by and between the Commission and U.S. Bank National Association, as trustee; WHEREAS, the Commission has heretofore authorized the issuance of not to exceed $120,000,000 in aggregate principal amount of its Commercial Paper Notes (Limited Tax Bonds), Series A (the “Series A Notes”) and Series B (the “Series B Notes” and, together with the Series A Notes, the “CP Notes”), pursuant to an Indenture dated as of March 1, 2005 (the “Indenture”), by and between the Commission and U.S. Bank National Association, as successor trustee (the “Trustee”); WHEREAS, the CP Notes are authenticated and delivered pursuant to an Issuing and Paying Agent Agreement, dated as of March 1, 2005, as amended by a First Supplement to the Issuing and Paying Agent Agreement, dated as of April 1, 2012 (collectively, the “Issuing and Paying Agent Agreement”), each between the Commission and U.S. Bank Trust National Association, as issuing and paying agent (the “Issuing and Paying Agent”); WHEREAS, the Series A Notes have been offered and sold from time to time by Barclays Capital, Inc. (“Barclays”), pursuant to a Commercial Paper Dealer Agreement, dated March 1, 2005, as it has been amended by a First Amendment to Commercial Paper Dealer Agreement, dated as of June 1, 2007, a Second Amendment to Commercial Paper Dealer Agreement, dated as of February 25, 2010, and a Third Amendment to Commercial Paper Dealer Agreement, dated as of April 18, 2012 (collectively, the “Series A Dealer Agreement”), each by and between the Commission and Barclays, as successor in interest to Lehman Brothers (the “Series A Dealer”); WHEREAS, pursuant to the terms of a Reimbursement Agreement, dated as of April 1, 2012 (the “Series A Credit Agreement”), by and between the Commission and Union Bank, N.A. (“Union Bank”), Union Bank issued an Irrevocable Direct Draw Letter of Credit on April 18, 2012 (the “Series A Letter of Credit”) in favor of the Issuing and Paying Agent, which Series A Letter of Credit currently provides credit and liquidity support for the issuance, from time to time, of the Series A Notes; WHEREAS, the Series B Notes were offered and sold by Merrill Lynch, Pierce, Fenner & Smith Inc. (“Merrill”), pursuant to a Commercial Paper Dealer Agreement, dated March 1, 2005, as it has been amended by a First Amendment to Commercial Paper Dealer Agreement, dated as of June 1, 2007, a Second Amendment to Commercial Paper Dealer Agreement, dated -2- OHSUSA:754328491.1 39 as of February 25, 2010, and a Third Amendment to Commercial Paper Dealer Agreement, dated as of April 18, 2012 (collectively, the “Series B Dealer Agreement” and, together with the Series A Dealer Agreement, the “Dealer Agreements”), each by and between the Commission and Merrill, as successor in interest to Banc of America Securities LLC (the “Series B Dealer” and, together with the Series A Dealer, the “Dealers”); WHEREAS, pursuant to the terms of a Reimbursement Agreement, dated as of April 1, 2012 (together with the Series A Credit Agreement, the “Credit Agreements”), by and between the Commission and The Bank of Tokyo-Mitsubishi UFJ, Ltd., acting through its New York Branch (“Bank of Tokyo”), Bank of Tokyo issued an Irrevocable Direct Draw Letter of Credit on April 18, 2012 (the “Series B Letter of Credit” and, together with the Series A Letter of Credit, the “Letters of Credit”) in favor of the Issuing and Paying Agent, which Series B Letter of Credit provided credit and liquidity support for the issuance of the Series B Notes; WHEREAS, in order to provide information about the CP Notes and related matters to purchasers and potential purchasers of the CP Notes, the Commission executed and delivered an Offering Memorandum, dated March 23, 2005, as supplemented by the Supplement Dated April 17, 2012 to Offering Memorandum Dated March 23, 2005 (collectively, the “Offering Memorandum”); WHEREAS, on July 3, 2013, the Commission delivered a Notice of Intent and Direction to Terminate Letter of Credit Relating to the Series B Notes, pursuant to which the Series B Letter of Credit was terminated; WHEREAS, pursuant to the terms of the Indenture and the Issuing and Paying Agent Agreement, no additional Series B Notes may be issued, authenticated and delivered when not supported by an alternate letter of credit and the Commission does not intend to obtain an alternate letter of credit for the Series B Notes; WHEREAS, the Commission has previously authorized, pursuant to its Resolution No. 05-001, Resolution No. 10-006 and Resolution 12-009 (together, the “Prior Resolutions”), all consents, approvals, directions, notices, orders, requests and other actions required or permitted by any of the documents authorized in such Prior Resolutions, including the Indenture, the Issuing and Paying Agent Agreement, the Dealer Agreements, the Offering Memorandum and the Credit Agreements and including, without limitation, actions which may be necessary or desirable in connection with any amendment of any such documents, the replacement of the Credit Agreements, the removal or replacement of the Trustee or any of the Dealers or any similar action, to be given or taken by an Authorized Representative (as such term is defined in the Indenture), without further authorization or direction by this Board, and the Commission has further authorized and directed each Authorized Representative to give any such approval, consent, direction, notice, order, or request and to take any such action which such Authorized Representative may deem necessary or desirable to further the purposes of such Prior Resolutions (collectively, the “Prior Authorization”); WHEREAS, the Commission wishes to authorize, and to ratify, confirm, continue and extend its existing authorization of, the issuance of the Series A Notes from time to time, in an aggregate principal amount not to exceed $60,000,000 outstanding at any one time, to terminate -3- OHSUSA:754328491.1 40 its authorization of the issuance of Series B Notes, and to authorize, ratify, confirm, continue and extend its Prior Authorization for an Authorized Representative to execute and deliver documents necessary or desirable to amend, replace or terminate the Credit Agreements, the Indenture, the Issuing and Paying Agent Agreement, the Dealer Agreements and the Offering Memorandum (collectively, the “CP Documents”) and any replacements, amendments or supplements thereto, as such Authorized Representative deems necessary or desirable in connection with the ongoing issuance, from time to time, of the Series A Notes and the termination of the authorization to issue the Series B Notes, all in furtherance of the purposes set forth in this Resolution and the Prior Resolutions and the transactions contemplated thereby; WHEREAS, the Series A Notes authorized and reauthorized to be issued as herein set forth are subject to Chapter 9 of Title 10 of Part 2 of the Code of Civil Procedure of the State of California, (Section 860 et seq.) and, pursuant thereto, will be conclusively valid and binding on the sixty-first day following the approval and adoption of this Resolution by the Commission absent any action taken thereunder by any interested party; and WHEREAS, all acts, conditions and things required by the Act, the Sales Tax Act, the Sales Tax Law and the Constitution and laws of the State of California to exist, to have happened and to have been performed precedent to and in connection with the authorization, ratification, confirmation, continuation and extension of the Commission’s authorization and direction of the execution of such documents as are specified herein and in the Prior Resolutions and such other documents as are necessary in connection with the issuance of the Series A Notes from time to time and the termination of the authorization to issue the Series B Notes, do exist, have happened and have been performed in regular and due time, form and manner as required by law, and the Commission is now duly authorized and empowered, pursuant to each and every requirement of law, to authorize, and to ratify, confirm, continue and extend its authorization of, such issuance of Series A Notes, the termination of its authorization of the Series B Notes and the execution of such documents as are necessary to carry out such issuance and termination, including any amendments or supplements to the CP Documents, including future amendments thereof or substitutions therefor, all as deemed necessary or desirable by an Authorized Representative; NOW THEREFORE, THE RIVERSIDE COUNTY TRANSPORTATION COMMISSION RESOLVES: Section 1. The Commission finds and determines that the foregoing recitals are true and correct and makes them an effective part of this Resolution by incorporating them herein by reference. Section 2. The Commission authorizes, and ratifies, confirms, continues and extends its authorization of, the issuance from time to time of the Series A Notes in an aggregate principal amount not to exceed $60,000,000 outstanding at any one time pursuant to the Act, the Sales Tax Act, the Ordinance, the 2010 Ordinance and the CP Documents, as any of the same may be amended from time to time including as amended pursuant to the authorization provided by and in this Resolution and the Prior Resolutions. Section 3. The Commission authorizes, ratifies, confirms, continues and extends its Prior Authorization, and acknowledges and confirms that an Authorized Representative is -4- OHSUSA:754328491.1 41 authorized and directed to execute and deliver any replacements, amendments, supplements or terminations relating to any of the CP Documents and agreements or documents relating thereto, and any future replacements, amendments or supplements to any such documents, as such Authorized Representative deems necessary or desirable in connection with the issuance, maintenance and sale of the Series A Notes, the termination of the authorization to issue the Series B Notes, and the transactions contemplated thereby. The Series A Dealer is hereby authorized to distribute the Offering Memorandum, together with any supplement, in the form so executed by an Authorized Representative, if the Authorized Representative determines such distribution is appropriate for the sale of the Series A Notes. Section 4. Upon the execution and delivery of such amendments and supplements as an Authorized Representative determines are necessary to effect the termination of the issuance of the Series B Notes, as evidenced in a written notice of the Commission to the Issuing and Paying Agent and the Trustee, the Commission’s prior authorization to issue such Series B Notes shall also cease and terminate. Such cessation and termination shall have no impact on the Commission’s continuing authorization of the issuance of the Series A Notes. Section 5. All actions heretofore taken by the officers and agents of the Commission with respect to the issuance and delivery of the CP Notes, the Prior Authorization, the termination of the Series B Letter of Credit, and such other actions as have been or shall be necessary in connection therewith, are hereby ratified, confirmed and approved. The Commission hereby confirms that if, at the time of execution of any of the documents authorized hereby, the Executive Director is unavailable, such documents may be executed by the Deputy Executive Director of the Commission or the Chief Financial Officer in lieu of the Executive Director. The Commission further confirms that the Clerk of the Board of the Commission is authorized to attest to the execution by the Executive Director or the Deputy Executive Director or the Chief Financial Officer of any of such documents as said officers deem appropriate. Section 6. This Resolution shall take effect immediately upon its adoption and approval. APPROVED AND ADOPTED by the Riverside County Transportation Commission at its meeting on September 11, 2013. By: Chair, Board of Commissioners ATTEST: By: ______________________________ Clerk of the Board of the Commission -5- OHSUSA:754328491.1 42 CERTIFICATE OF THE CLERK OF THE BOARD OF THE RIVERSIDE COUNTY TRANSPORTATION COMMISSION I, Jennifer Harmon, Clerk of the Board of the Riverside County Transportation Commission (the “Commission”), hereby certify that the foregoing is a full, true and correct copy of a resolution duly adopted by at least a two-thirds vote of the Commission at a meeting of the governing board of said Commission duly and regularly held in Riverside, California, on September 11, 2013, of which meeting all of the members of said Commission had due notice. I further certify that I have carefully compared the foregoing copy with the original minutes of said meeting on file and of record in my office; that said copy is a full, true and correct copy of the original resolution adopted at said meeting and entered in said minutes; and that said resolution has not been amended, modified, rescinded or revoked in any manner since the date of its adoption, and the same is now in full force and effect. I further certify that an agenda of said meeting was posted at least 72 hours before said meeting at a location in Riverside, California, freely accessible to the public and a brief general description of the resolution to be adopted at said meeting appeared on said agenda. IN WITNESS WHEREOF, I have executed this certificate hereto as of this date, __________, 2013. By Clerk -6- OHSUSA:754328491.1 43 AGENDA ITEM 10 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 26, 2013 TO: Budget and Implementation Committee FROM: Grace Alvarez, Senior Staff Analyst Eric De Hate, Staff Analyst THROUGH: Shirley Medina, Planning and Programming Director SUBJECT: Fiscal Years 2014-18 Measure A Five-Year Capital Improvement Plans for Local Streets and Roads for the Cities of Blythe, Calimesa, Coachella, Eastvale, Hemet, Jurupa Valley, Menifee, Murrieta, Norco, and Wildomar STAFF RECOMMENDATION: This Item is for the Committee to: 1) Approve the FYs 2014-18 Measure A Five-Year Capital Improvement Plans (CIPs) for Local Streets and Roads (LSR) for the cities of Blythe, Calimesa, Coachella, Eastvale, Hemet, Jurupa Valley, Menifee, Murrieta, Norco, and Wildomar as submitted; and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: Measure A imposes several requirements on local agencies in order to receive LSR funds. First, the Coachella Valley and Western County cities and the county must participate in either the Coachella Valley Association of Governments (CVAG) or Western Riverside Council of Governments (WRCOG) Transportation Uniform Mitigation Fee (TUMF) program. Western County agencies must also participate in the Western Riverside County Multiple Species Habitat Conservation Plan (MSHCP) managed by the Western Riverside County Regional Conservation Authority (RCA). With the exception of Beaumont, staff received verification that all of the remaining western county cities and the county are WRCOG TUMF program participating agencies. Confirmation regarding current participation in the MSHCP from RCA and TUMF program from CVAG was also received. Additionally, agencies are required to annually provide to the Commission a project status report for the prior year CIP, a five-year CIP detailing how the Measure A funds are to be expended, and an annual certification of maintenance of effort (MOE). On February 25, staff provided the local agencies with Measure A revenue projections for local streets and roads to assist in preparation of the required CIP. At the July meeting, the Commission approved the CIPs for 17 cities and the county of Riverside. The required CIP and supporting documentation have been received from the following 10 cities for approval: Agenda Item 10 44 Western County: • Calimesa • Eastvale • Hemet • Jurupa Valley • Menifee • Murrieta • Norco • Wildomar Eastern County: • Blythe • Coachella The city of Menifee MOE base year level is concurrently included in this agenda under Agenda Item No. 11. The FY 2013/14 Measure A LSR disbursements to local agencies with Commission-approved CIPs are expected to commence in September 2013. Attachment: FYs 2014-18 Measure A Five-Year CIPs Agenda Item 10 45 Measure A Local Streets and Roads CITY OF BLYTHE FIVE YEAR CIP 2014-2018 MOE CERTIFICATION AND PROJECT STATUS REPORT CIP FY 12/13 46 47 48 49 50 51 52 53 54 55 Measure A Local Streets and Roads CITY OF CALIMESA FIVE YEAR CIP 2014-2018 MOE CERTIFICATION AND PROJECT STATUS REPORT CIP FY 12/13 56 57 58 59 60 Estimated Prior Year Measure A Balance:450,000 Estimated FY 2013-2014 Measure A Allocation:132,000 Estimated Measure A Available for FY 2013-2014 Projects:582,000 Item No.Project Name / Limits Project Type Total Cost ($000's) Measure A Funds ($000's) 2013-2014 SR2S - 2nd Street and Avenue L Pedestrian Access and Street Widening 214 214 2nd Street Pavement Rehabilitation Pavement Rehabilitation 100 100 Calimesa/Avenue L Slurry Seal Pavement Rehabilitation 79 79 Donna Lane (Avenue L to Myrtlewood)Pavement Rehabilitation 79 79 Brady Lane (Avenue L to Myrtlewood)Pavement Rehabilitation 20 20 5th Street Pavement Rehabilitation Pavement Rehabilitation 20 20 Citywide Slurry Seal Pavement Rehabilitation 52 52 TOTALS 564 564 Phone #: 951-680-0440 Date: August 2, 2013 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASURE A LOCAL FUNDS PROGRAM FY 2014 - 2018 Agency: City of Calimesa Page 1 of 5 Prepared by: Michael Thornton 61 Estimated Prior Year Measure A Balance:18,000 Estimated FY 2014-2015 Measure A Allocation:136,000 Estimated Measure A Available for FY 2014-2015 Projects:154,000 Item No.Project Name / Limits Project Type Total Cost ($000's) Measure A Funds ($000's) 2014-2015 Calimesa Boulevard Street Imp.Street Improvement 25 25 Donna Lane (Avenue L to Myrtlewood)Pavement Rehabilitation 41 41 Citywide Slurry Seal Pavement Rehabilitation 50 50 TOTALS 116 116 Date: August 2, 2013 Page 2 of 5 Prepared by: Michael Thornton Phone #: 951-680-0440 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASURE A LOCAL FUNDS PROGRAM Agency: City of Calimesa FY 2014 - 2018 62 Estimated Prior Year Measure A Balance:38,000 Estimated FY 2015-2016 Measure A Allocation:140,000 Estimated Measure A Available for FY 2015-2016 Projects:178,000 Item No.Project Name / Limits Project Type Total Cost ($000's) Measure A Funds ($000's) 2015-2016 Calimesa Boulevard Street Imp.Street Improvement 25 25 Donna Lane (Avenue L to Myrtlewood)Pavement Rehabilitation 50 50 Citywide Slurry Seal Pavement Rehabilitation 50 50 TOTALS 125 125 Date: August 2, 2013 Page 3 of 5 Prepared by: Michael Thornton Phone #: 951-680-0440 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASURE A LOCAL FUNDS PROGRAM Agency: City of Calimesa FY 2014 - 2018 63 Estimated Prior Year Measure A Balance:53,000 Estimated FY 2016-2017 Measure A Allocation:144,000 Estimated Measure A Available for FY 2016-2017 Projects:197,000 Item No.Project Name / Limits Project Type Total Cost ($000's) Measure A Funds ($000's) 2016-2017 Citywide Slurry Seal Street Improvement 50 50 TOTALS 50 50 Phone #: 951-680-0440 Date: August 2, 2013 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASURE A LOCAL FUNDS PROGRAM FY 2014 - 2018 Agency: City of Calimesa Page 4 of 5 Prepared by: Michael Thornton 64 Estimated Prior Year Measure A Balance:147,000 Estimated FY 2017-2018 Measure A Allocation:148,000 Estimated Measure A Available for FY 2017-2018 Projects:295,000 Item No.Project Name / Limits Project Type Total Cost ($000's) Measure A Funds ($000's) 2017-2018 Citywide Slurry Seal Street Improvement 50 50 TOTALS 50 50 Phone #: 951-680-0440 Date: August 2, 2013 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASURE A LOCAL FUNDS PROGRAM FY 2014 - 2018 Agency: City of Calimesa Page 5 of 5 Prepared by: Michael Thornton 65 Item No.Project Name / Limits Project Type Total Cost ($000's) Measure A Funds ($000's) Estimated Completion Status 1 SR2S - 2nd Street and Avenue L Street Improvement 1,100 32 March 2014 Design delays with consultant 2 County Line Rd, I-10 to Calimesa Blvd.Street Widen/Repair 2,500 20 Right of Way Acquisition Delays 3 Various Sidewalk /ADA Ped Access 50 - Project incorporated in Avenue L and 2nd Street 4 Ops/Overhead 9 9 Amounts expended to prepare Capital Improvement Program for '13-'14 5 Pavement Reconstruction Avenue L in conjuction with Phase 2 Avenue L Storm Drain Street Betterment 100 - Completed; however, no Measure A Funds used. 6 Pavement Management Engineering 30 - Deferred to '13-'14 TOTALS 3,789$ 61$ Phone #: 951-680-0440 Date: August 2, 2013 PROJECT STATUS REPORT FY 2012-2013 MEASURE A LOCAL FUNDS PROGRAM RIVERSIDE COUNTY TRANSPORTATION COMMISSION Agency: City of Calimesa Page 1 of 1 Prepared by: Michael Thornton 66 Measure A Local Streets and Roads CITY OF COACHELLA FIVE YEAR CIP 2014-2018 MOE CERTIFICATION AND PROJECT STATUS REPORT CIP FY 12/13 67 68 69 70 71 72 73 74 75 76 Measure A Local Streets and Roads CITY OF EASTVALE FIVE YEAR CIP 2014-2018 AND PROJECT STATUS REPORT CIP FY 12/13 77 78 79 80 81 82 83 84 Measure A Local Streets and Roads CITY OF HEMET FIVE YEAR CIP 2014-2018 MOE CERTIFICATION AND PROJECT STATUS REPORT CIP FY 12/13 85 86 Estimated Prior Year Measure A Balance:396,254$ Estimated FY 2013-2014 Measure A Allocation:1,422,000$ Estimated Measure A Available for FY 2013-2014 Projects:1,818,254$ Item No.Project Name / Limits Project Type Total Cost Measure A Funds 2013-2014 1 Annual Pavement Rehabilitation Pavement Reconst./1,535,000 1,535,000 Grind and Overlay 2 Gilbert St. Pavement Rehab - *Pavement Rehab.574,000 131,000 Acacia to Stetson (STP Grant Matching funds) TOTALS 2,109,000 1,666,000 *STP Grant total project cost is $574 - $443 Federal STP and $131 local match Phone #: 951-765-2360 Date: July 10, 2013 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASURE A LOCAL FUNDS PROGRAM FY 2014 - 2018 Agency: City of Hemet Page 1 of 1 Prepared by: Victor Monz, PE 87 Estimated Prior Year Measure A Balance:152,254 Estimated FY 2014-2015 Measure A Allocation:1,465,000 Estimated Measure A Available for FY 2014-2015 Projects:1,617,254 Item No.Project Name / Limits Project Type Total Cost Measure A Funds 2014-2015 1 Annual Pavement Rehabilitation Grind and Overlay 1,110,000 1,110,000 2 Cawston Ave. Improvements - Menlo to Devonshire Grind and Overlay & Pavement Widening 290,000 290,000 TOTALS 1,400,000 1,400,000 Date: July 10, 2013 Page 1 of 1 Prepared by: Victor Monz, PE Phone #: 951-765-2360 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASURE A LOCAL FUNDS PROGRAM Agency: City of Hemet FY 2014 - 2018 88 Estimated Prior Year Measure A Balance:217,254 Estimated FY 2015-2016 Measure A Allocation:1,509,000 Estimated Measure A Available for FY 2015-2016 Projects:1,726,254 Item No.Project Name / Limits Project Type Total Cost Measure A Funds 2015-2016 1 Annual Pavement Rehabilitation Grind and Overlay 1,575,000 1,575,000 TOTALS 1,575,000 1,575,000 Date: July 10, 2013 Page 1 of 1 Prepared by: Victor Monz, PE Phone #: 951-765-2360 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASURE A LOCAL FUNDS PROGRAM Agency: City of Hemet FY 2014 - 2018 89 Estimated Prior Year Measure A Balance:151,254 Estimated FY 2016-2017 Measure A Allocation:1,554,000 Estimated Measure A Available for FY 2016-2017 Projects:1,705,254 Item No.Project Name / Limits Project Type Total Cost Measure A Funds 2016-2017 1 Annual Pavement Rehabilitation Grind and Overlay 1,429,000 1,429,000 TOTALS 1,429,000 1,429,000 Phone #: 951-765-2360 Date: July 10, 2013 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASURE A LOCAL FUNDS PROGRAM FY 2014 - 2018 Agency: City of Hemet Page 1 of 1 Prepared by: Victor Monz, PE 90 Estimated Prior Year Measure A Balance:276,254 Estimated FY 2017-2018 Measure A Allocation:1,601,000 Estimated Measure A Available for FY 2017-2018 Projects:1,877,254 Item No.Project Name / Limits Project Type Total Cost Measure A Funds 2017-2018 1 Annual Pavement Rehabilitation Grind and Overlay 1,740,000 1,740,000 TOTALS 1,740,000 1,740,000 Phone #: 951-765-2360 Date: July 10, 2013 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASURE A LOCAL FUNDS PROGRAM FY 2014 - 2018 Agency: City of Hemet Page 1 of 1 Prepared by: Victor Monz, PE 91 Item No.Project Name / Limits Project Type Total Cost Measure A Funds Estimated Completion Status 1 Annual Pavement Rehabilitation Grind and Overlay 3,274,000 3,274,000 Completed 2 NW Quadrant of Hermosa Homes between Menlo Ave. and Kirby St. Grind and Overlay & ADA ramps 550,000 550,000 Completed TOTALS 3,824,000 3,824,000 Phone #: 951-765-2360 Date: July 10, 2013 PROJECT STATUS REPORT FY 2012-2013 MEASURE A LOCAL FUNDS PROGRAM RIVERSIDE COUNTY TRANSPORTATION COMMISSION Agency: City of Hemet Page 1 of 1 Prepared by: Victor Monz, PE 92 Measure A Local Streets and Roads CITY OF JURUPA VALLEY FIVE YEAR CIP 2014-2018 AND PROJECT STATUS REPORT CIP FY 12/13 93 City of Juru~ '14 Verne Lauritzen, Mayor • Frank Johnston, Mayor Pro Tern • Micheal Goodland, Council Member • Laura Roughton, Council Member • Brad Hancock, Council Member Ms. Shirley Medina, Director of Planning and Programming Riverside County Transportation Commission 4080 Lemon St, 3rd Floor Riverside CA 92502 Subject: RCTC Measure "A" Local Streets and Roads Jurupa Valley Five -Year ClP for FY2013/14 -FY2017/18 Dear Ms. Medina, August 11, 2013 The City Council of the City of Jurupa Valley, at its regular meeting on August 15th, 2013, will consider adopting the City's Five Year Measure "A" Local Streets and Roads Capital Improvement Plan for Fiscal Years 2013/14 through FY2017/18. The City's Measure "A" Five- Year CIP, sent August 5, 2013, is revised to conform to RCTC's template. Jurupa Valley's Measure "A" Local Streets and Roads Five-Year Capital Improvement Plan (CIP) is attached in that form. Based on the City's incorporation on July 1, 2011 no annual Maintenance of Effort (MOE) certification is required until after the third year of incorporation. The City requests that the Riverside County Transportation Commission accept and approve the City's Measure A 5-Y ear CIP and find the City eligible to continue receiving its fair share allocation of Measure "A" revenues. If you have any questions please call me or Mike Myers at 951-332-6464 or Mike's cell 909- 844;.4846. Sincerely, ~KJ~ ~ k.I Roy Stephens~n, P~f ) Public Works Director/City Engineer Cc: Grace Alvarez, RCTC Sr. Staff Analyst Steve Harding, City Manager George Wentz, Assistant City Manager \IDJ~© ~ U'\Jl~~ ~ AUG 13 2013 RIVERSIDE COUNTY TRANSPORTATION COMMISSION Attachment Measure "A" Local Streets and Roads Five -Year Capital Improvement Plan for FY 2013114-FY 2017/18 (RCTC Template) 8304 Limonite Avenue, Suite M, Jurupa Valley, CA 92509-5183, (951) 332-6464 www.jurupavalley.org 94 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASURE A LOCAL FUNDS PROGRAM PROJECT STATUS REPORT FY 2012-2013 Agency: City of Jurupa Valley Page 1 of 1 Prepared by: Mike Myers Phone#: 951-332-6464 Date: August 6, 2013 Item No. Proiect Name I Limits 2011.1 Camino Real Pavement Rehabilitation: 2012.1 From Linares Ave to 270' N/0 Black Hills Dr, (8300LF) Reimburse Riv Co 1 of 4 yrs 2011.2 Llmonite Avenue Pavement Rehab: 2012.2 From Wineville Ave to Etiwanda Ave (5200LF) 2012.3 Rutile Street and Galena Road Pavement Rehab: From Rutile St, Jurupa Rd to Van Buren Blvd and Galena St 1100' W/o Rutile to Rutile 2012.4 Bain Street Pavement Rehab: From 54th St to Bellgrave Ave (5400LF) 2012.5 Annual Miscellaneous St Improvements Program (CC Expanded Orign Prog): Various Locations (Expanded prog Included 6 CLmilesl 2012.6 Annual Roadway Safety and Traffic Improvement Program: Various Locations 2012.7 Annual Miscellaneous St Maintenance Program 2012.8 8% overhead/Administration Proiect Tvpe Street Rehab (Cost split w/RivCo; Reimbursment $750k advanced by RivCo; RivCo funded bal) Street Rehab Street Rehab (CC made mid-yr adj of proj limits & budget) Street Rehab (CC made mid-yr adj of proj limits, budget & schedule) Street Rehab, Var City Neighborhoods totaling 6 CL miles & 1mil SF AC pavement Pvmt rehab, Country Village Rd; Rt turn SB Van Buren at Rutile; Raised median Limonite E/o 1-15 Street Maintenance (Slurry Seal) Administration TOTALS Measure A Total Cost Funds ($000's) Estimated ($000'sl Expended Completion 1,500 188 Construction completed Aug 2012 624 60 construction/ completion scheduled for Q2 2014 240 27 Ongoing, Est. complete Q2 2014 --FY 15/16 858 858 Aug-13 238 147 Ongoing 183 10 Ongoing 98 98 Annual/Ongoing $ 3739 $ 1 386 Status 1st of 4 installments to be reimbursed to RivCo; Meas A budget revised by City Council 12/2012. $28.5k moved to Misc St Imp Prog PS&E ongoing In Design; Project limits & Meas A budget revised by City Council 12/2012; $300k moved to Misc St Imp Prog Project rescheduled for FY 15/16 Meas A budget revised by City Council 12/2012; $291.6k moved to Misc St Imp Prog Under Construction, completion Aug 2013. Meas A budget revised by City Council 12/2012. $620.1 k from other projects Ongoing Ongoing Cannot exceed 8% of revenues 95 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASUREALOCALFUNDSPROGRAM Agency: City of Jurupa Valley Page 1 of 5 Prepared by: Mike Myers Phone#: 951-332-6464 Date: August 6, 2013 FY 2014 -2018 Estimated Prior Year Measure A Balance: 450,000 Estimated FY 2013-2014 Measure A Allocation: __ ___,1,_48.;_7c..:.,O.;_O"-'O- Estimated Measure A Available for FY 2013-2014 Projects: 1,937,000 Item Total Cost Measure A No. Project Name I Limits Project Type ($000's) Funds ($000's) 2013-2014 2013.1 Camino Real Pavement Rehabilitation: Street Rehab (Cost split From Linares Ave to 270' N/O Black Hills w/RivCo; Reimbursment Dr, (8300LF} of $750k advanced by Reimburse Riv Co 2nd of 4 yrs RivCo; RivCo funded bal) 1,500 188 2013.2 Van Buren Blvd Pavement Rehab -Ph 2: Street Rehab (Fund 2 From Jurupa Rd to Bellgrave Ave Gas Tax) 1,192 160 2013.3 Country Village Road Pavement Rehab -Street Rehab (Fund 2 Ph 1: Fontana Lateral to North City Limit Gas Tax) (1800LF) 321 290 2013.4 Annual Miscellaneous St Pavement Street Betterment (Fund Program 2 Gas Tax) 1,000 500 2013.5 Annual Roadway Safety and Traffic Traffic Improvement Program: Various Locations 120 120 2013.6 Annual Miscellaneous St Maintenance Street Maintenance Program 120 120 2013.7 8% Overhead/Administration Administration 110 110 TOTALS 4,363 1,488 96 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASUREALOCALFUNDSPROGRAM Agency: City of Jurupa Valley Page 2 of 5 Prepared by: Mike Myers Phone#: 951-332-6464 Date: August 6, 2013 FY 2014 -2018 Estimated Prior Year Measure A Balance: 449,000 Estimated FY 2014-2015 Measure A Allocation: 1,532,000 ----'-----''---- Estimated Measure A Available for FY 2014-2015 Projects: 1,981,000 Item Total Cost Measure A No. Project Name I Limits Project Type ($000's) Funds ($000's) 2014-2015 2014.1 Camino Real Pavement Rehabilitation: Street Rehab (Cost split From Linares Ave to 270' N/O Black w/RivCo; Reimbursment Hills Dr, (8300LF) of $750k advanced by Reimburse Riv Co 3rd of 4 yrs RivCo; RivCo funded bal) 1,500 188 2014.2 Pacific Ave Pavement Rehabilitation: Street Rehab (Fund 2 From 45th St to Mission Blvd Gas Tax) 328 178 2014.3 Van Buren Blvd Pavement Rehab -Ph Street Rehab (Fund 2 2: From Jurupa Rd to Bellgrave Ave Gas Tax) 1, 192 250 2014.4 Rubidoux Blvd Pavement Rehab: From Street Rehab (Fund 2 Mission Blvd to SR60 Gas Tax) 612 90 2014.5 Annual Miscellaneous St Pavement Street Betterment (Fund Program 2 Gas Tax) 1,000 500 2014.6 Annual Roadway Safety and Traffic Traffic Improvement Program: Various Locations 120 120 2014.7 Annual Miscellaneous St Maintenance Street Maintenance Program 100 100 2014.8 8% Overhead/Administration Administration 107 107 TOTALS 4,959 1,533 97 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASUREALOCALFUNDSPROGRAM Agency: City of Jurupa Valley Page 3 of 5 Prepared by: Mike Myers Phone#: 951-332-6464 Date: August 6, 2013 FY 2014 -2018 Estimated Prior Year Measure A Balance: 448,000 Estimated FY 2015-2016 Measure A Allocation: 1,578,000 ---"'--'--- Estimated Measure A Available for FY 2015-2016 Projects: 2,026,000 I Item IOtal l;OSt Measure A No. Project Name I Limits Project Type ($000's) Funds ($000's) 2015-2016 2015.1 Camino Real Pavement Rehabilitation: Street Rehab (Cost split From Linares Ave to 270' N/O Black w/RivCo; Reimbursment Hills Dr, (8300LF) of $750k advanced by Reimburse Riv Co 4th of 4 yrs RivCo; RivCo funded bal) 1,500 188 2015.2 Bain St Pavement Rehabilitation and Street Improvement Shoulder Improvements: From 54th St (Fund 2 Gas Tax) to Bellgrave Ave. 641 451 2015.3 Annual Miscellaneous St Pavement Street Betterment (Fund Program 2 Gas Tax) 1,000 500 2015.4 Annual Roadway Safety and Traffic Traffic Improvement Program: Various Locations 200 200 2015.5 Annual Miscellaneous St Maintenance Street Maintenance Program 120 120 2015.6 8% Overhead/Administration Administration 117 117 TOTALS 3,578 1,575 98 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASUREALOCALFUNDSPROGRAM Agency: City of Jurupa Valley Page 4 of 5 Prepared by: Mike Myers Phone #: 951-332-6464 Date: August 6, 2013 FY 2014 -2018 Estimated Prior Year Measure A Balance: 451,000 Estimated FY 2016-2017 Measure A Allocation: 1,625,000 __ ____..;._....:...-_ Estimated Measure A Available for FY 2016-2017 Projects: 2,076,000 I Item Total cost Measure A No. Project Name I Limits Project Type ($000's) Funds ($000's) 2016-2017 2016.1 Sierra Ave Pavement Rehabilitation, Street Rehab Armstrong Rd to 200' S/o Karen Ln, (2750LF) 500 500 2016.2 Van Buren Blvd Pavement Rehab -Street Rehab (Fund 2 Ph 3: From Bellgrave Ave to SE/o Gas Tax) Etiwanda 1,300 200 2016.3 Annual Miscellaneous St Pavement Street Betterment Program (Fund 2 Gas Tax) 1,000 500 2016.4 Annual Roadway Safety and Traffic Traffic Improvement Program: Various Locations 200 200 2016.5 Annual Miscellaneous St Street Maintenance Maintenance Program 100 100 2016.6 8% Overhead/Administration Administration 120 120 TOTALS 3,220 1,620 99 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASUREALOCALFUNDSPROGRAM Agency: City of Jurupa Valley Page 5 of 5 Prepared by: Mike Myers Phone #: 951-332-6464 Date: August 6, 2013 FY 2014 -2018 Estimated Prior Year Measure A Balance: 456,000 Estimated FY 2017-2018 Measure A Allocation: 1,674,000 ----'---'--- Estimated Measure A Available for FY 2017-2018 Projects: 2, 130,000 Item 1ota1 cost Measure A No. Project Name I Limits Project Type ($000's) Funds ($000's) 2017-2018 2017.1 Van Buren Blvd Pavement Rehab -Street Rehab (Fund 2 Ph 3: From Bellgrave Ave to SE/o Gas Tax) Etiwanda 1,300 200 2017.2 Rubidoux Blvd, 28th and 30th St Street Rehab (Fund 2 Pavement Rehab: Rubidoux Blvd, Gas Tax) from SR60 to 28th St and 28th & 30th St from Avalon St to Rubidoux Blvd 600 500 2017.3 Annual Miscellaneous St Pavement Street Betterment Rehab Program (Fund 2 Gas Tax) 1,000 500 2017.4 Annual Roadway Safety and Traffic Traffic Improvement Program: Various Locations 200 200 2017.5 Annual Miscellaneous St Street Maintenance Maintenance Program 150 150 2017.6 8% Overhead/Administration Administration 124 124 TOTALS 3,374 1,674 100 Measure A Local Streets and Roads CITY OF MENIFEE FIVE YEAR CIP 2014-2018 MOE CERTIFICATION AND PROJECT STATUS REPORT CIP FY 12/13 101 102 103 104 105 106 107 108 Measure A Local Streets and Roads CITY OF MURRIETA FIVE YEAR CIP 2014-2018 MOE CERTIFICATION AND PROJECT STATUS REPORT CIP FY 12/13 109 CITY OF MURRIETA June 27, 2013 Shirley Medina, Programming and Planning Manager Riverside County Transportation Commission 4080 Lemon Street, 3rd Floor Riverside, CA 92502-2208 [~& © r2 D nn fi2 1K( 1~3 '21~ !S@ ;RA lilVE~SIDE COUNTY , NSPOR1ATtON COMMISSION SUBJECT: City of Murrieta FY 2013/14 to 2017118 Measure "A" Five-Year Capital Improvement Plan Budget Revisions Dear Shirley: Enclosed are the Maintenance of Effort Certification Statement, revised Measure A Five-Year Capital Improvement Plan and the Project Status Report. We hereby request a revision to the FY 2013/14 to 2017/18 Five Year Capital Improvement Plan previously submitted on June 12, 2013. One project is requested to be added to the project listing as follows: • CIP 8335-Jackson Avenue Bridge The Jackson Avenue Bridge project was previously funded utilizing Redevelopment Bond proceeds and the State is determining the ability to utilize these funds; Measure A will be used to fund a portion of this project, which will start construction in August of 2013. The Measure A balance carried over to FY 2013/14 is large due to several projects that are progressing through the right-of-way acquisition phase prior to construction; these projects include CIP 8079 Murrieta Hot Springs Widening, CIP 8389 Whitewood Road-Hunter to Clinton Keith Roads and the added CIP 8335 Jackson Avenue Bridge. These projects are expected to be constructed during the upcoming fiscal year 2013/14. If you have any questions, please contact me at (951) 461-6036. Attachments cc: Rick Dudley, City Manager Jim Holston, Assistant City Manager Joy Canfield, Administrative Services Director 1 Town Square • Murrieta, California 92562 phone: 951.304.CITY (2489) • fax: 951.698.4509 • web: murrieta.org 110 FY 2013114 MAINTENANCE OF EFFORT CERTIFICATION STATEMENT The undersigned agrees and certifies for the city of Murrieta (the "Agency") that sales tax transportation funds received pursuant to Ordinance No. 02-001 of the Riverside County Transportation Commission ("Measure A") shall be used in compliance with the Commission's Maintenance of Effort Guidelines and a base year amount of $595,702, approved by the Commission at its July 13, 2011 meeting, and that the Agency shall not use such funds to replace discretionary local funds previously expended by the Agency for local transportation purposes. The Agency hereby acknowledges that the failure of the Agency to continue such local expenditure shall result in a reduction or loss of Measure A funds. Additionally, the Agency commits to expending Measure A Local Streets and Roads funds for projects listed in the Five Year Capital Improvement Plan as approved by Riverside County Transportation Commission. Dated: l'/f 4-:-J \ 3 . 2013 111 Estimated Prior Year Measure A Balance:7,287,134$ Estimated FY 2013-2014 Measure A Allocation:1,836,000$ Estimated Measure A Available for FY 2013-2014 Projects:9,123,134$ Item No.Project Name / Limits Project Type Total Cost Measure A Funds 2013-2014 1 8043 Pavement Resurfacing Maintenance 1,453,559 1,453,559 2 8079 Murrieta Hot Springs Widening Maintenance 1,343,079 1,343,079 3 8137 Resurfacing - Slurry Seal Construction 416,773 416,773 4 8257 Citywide Signal Mods Construction 130,014 130,014 5 8283 Traffic Striping Modifications Construction 33,815 33,815 6 8293 Sidewalk Replacement Construction 184,681 184,681 7 8303 I-215/Clinton Keith Rd Interchange Construction 7,888 7,888 8 8311 I-15/Los Alamos Rd Overcrossing Construction 798,195 798,195 9 8323 Guava Bridge/Murrieta Creek Construction 60,092 60,092 10 8330 Traffic Signal Optimization Construction 192,500 192,500 11 8389 Whitewood: Hunter to Clinton Keith Construction 1,085,000 1,085,000 12 8430 Neighborhood Traffic Management Construction 15,751 15,751 13 8433 M Hot Springs Medians: Alta to Marg Construction 815,306 815,306 14 8456 Whitewood Extension Construction 360,427 360,427 15 10012 Jackson Ave Median Construction 38,857 38,857 16 8335 Jackson Avenue Bridge Construction 1,094,500 1,094,500 17 COP 2007 for 15/215 MHS Interchange Debt Service 734,683 734,683 TOTALS 8,765,120 8,765,120 951-461-6036 Date: June 27, 2013 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASURE A LOCAL FUNDS PROGRAM FY 2014 - 2018 Agency: CITY OF MURRIETA Page 1 of 5 Prepared by: Bob Moehling, City Engineer 112 Estimated Prior Year Measure A Balance:358,014 Estimated FY 2014-2015 Measure A Allocation:1,891,000 Estimated Measure A Available for FY 2014-2015 Projects:2,249,014 Item No.Project Name / Limits Project Type Total Cost Measure A Funds 2014-2015 1 8043 Pavement Resurfacing Maintenance 500,000 500,000 2 8257 Signal Mods- Citywide Construction 75,000 75,000 3 8283 Traffic Striping Modifications Construction 50,000 50,000 4 8330 Traffic Signal Optimizations Construction 70,000 70,000 5 8430 Neighborhood Traffic Manage Construction 15,000 15,000 6 8456 Whitewood Road extension Construction 300,000 300,000 7 COP 2007 for 15/215 at MHS Int.Debt Service 730,002 730,002 TOTALS 1,740,002 1,740,002 Date: June 27, 2013 Page 2 of 5 Prepared by: Bob Moehling, City Engineer Phone #: 951-461-6036 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASURE A LOCAL FUNDS PROGRAM Agency: CITY OF MURRIETA FY 2014 - 2018 113 Estimated Prior Year Measure A Balance:509,012 Estimated FY 2015-2016 Measure A Allocation:1,948,000 Estimated Measure A Available for FY 2015-2016 Projects:2,457,012 Item No.Project Name / Limits Project Type Total Cost Measure A Funds 2015-2016 1 8043 Pavement Resurfacing Maintenance 500,000 500,000 2 8257 Signal Mods- Citywide Construction 75,000 75,000 3 8283 Traffic Striping Modifications Construction 50,000 50,000 4 8330 Traffic Signal Optimizations Construction 70,000 70,000 5 8430 Neighborhood Traffic Manage Construction 15,000 15,000 6 8456 Whitewood Road extension Construction 300,000 300,000 7 COP 2007 for 15/215 at MHS Int.Debt Service 725,458 725,458 TOTALS 1,735,458 1,735,458 Date: June 27, 2013 Page 3 of 5 Prepared by: Bob Moehling, City Engineer Phone #: 951-461-6036 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASURE A LOCAL FUNDS PROGRAM Agency: CITY OF MURRIETA FY 2014 - 2018 114 Estimated Prior Year Measure A Balance:721,554 Estimated FY 2016-2017 Measure A Allocation:2,006,000 Estimated Measure A Available for FY 2016-2017 Projects:2,727,554 Item No.Project Name / Limits Project Type Total Cost Measure A Funds 2016-2017 1 8043 Pavement Resurfacing Maintenance 500,000 500,000 2 8257 Signal Mods- Citywide Construction 75,000 75,000 3 8283 Traffic Striping Modifications Construction 50,000 50,000 4 8330 Traffic Signal Optimizations Construction 70,000 70,000 5 8430 Neighborhood Traffic Manage Construction 15,000 15,000 6 COP 2007 for 15/215 at MHS Int.Debt Service 724,145 724,145 TOTALS 1,434,145 1,434,145 Phone #: 951-461-6036 Date: June 27, 2013 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASURE A LOCAL FUNDS PROGRAM FY 2014 - 2018 Agency: CITY OF MURRIETA Page 4 of 5 Prepared by: Bob Moehling, City Engineer 115 Estimated Prior Year Measure A Balance:1,293,409 Estimated FY 2017-2018 Measure A Allocation:2,066,000 Estimated Measure A Available for FY 2017-2018 Projects:3,359,409 Item No.Project Name / Limits Project Type Total Cost Measure A Funds 2017-2018 1 8043 Pavement Resurfacing Maintenance 500,000 500,000 2 8257 Signal Mods- Citywide Construction 75,000 75,000 3 8283 Traffic Striping Modifications Construction 50,000 50,000 4 8330 Traffic Signal Optimizations Construction 70,000 70,000 5 8430 Neighborhood Traffic Manage Construction 15,000 15,000 6 COP 2007 for 15/215 at MHS Int.Debt Service 726,645 726,645 TOTALS 1,436,645 1,436,645 Phone #: 951-461-6036 Date: June 27, 2013 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASURE A LOCAL FUNDS PROGRAM FY 2014 - 2018 Agency: CITY OF MURRIETA Page 5 of 5 Prepared by: Bob Moehling, City Engineer 116 Item No.Project Name / Limits Project Type Total Cost ($000's) Measure A Funds Available Measure A Expended in FY 12/13 Measure A Funds Carry Over Estimated Completion Status 1 8043 Pavement Resurfacing Maintenance 7,874,363$ 953,559$ -$ 953,559$ Jun-14 Project scheduled in FY 13/14 2 8051 Monroe Ave: Symphony - Los Alamos Construction 2,470,971$ -$ -$ -$ Jun-12 Completed 3 8079 Murrieta Hot Springs Widening Construction 4,482,089$ 2,440,370$ 2,813$ 2,437,557$ Jun-14 Acquire ROW, start const in 2014 4 8137 Resurfacing - Slurry Seal Construction 2,860,456$ 1,865,710$ 1,448,937$ 416,773$ Dec-13 Start in August 2013 5 8257 Citywide Signal Mods Construction 423,674$ 103,599$ 54,080$ 49,519$ Jun-13 Ongoing annual project 6 8283 Traffic Striping Modifications *Construction 62,179$ 49,837$ 36,059$ 13,778$ Jun-13 Ongoing annual project 7 8293 Sidewalk Replacement Construction 169,752$ 142,220$ 7,539$ 134,681$ Jun-13 Ongoing annual project 8 8303 I-215/Clinton Keith Rd Interchange Construction 517,574$ 7,887$ -$ 7,887$ Jun-13 Project closeout in progress 9 8311 I-15/Los Alamos Rd Overcrossing Construction 9,941,137$ 799,492$ 6,691$ 792,801$ Dec-14 Start const. in July 2013 10 8323 Guava Bridge/Murrieta Creek Construction 7,166,456$ 60,092$ -$ 60,092$ Jun-15 Start const. in June 2014 11 8330 Traffic Signal Optimization Construction 489,006$ 122,500$ -$ 122,500$ Jun-13 Ongoing annual project 12 8389 Whitewood: Hunter to Clinton Keith Construction 1,210,582$ 1,085,000$ -$ 1,085,000$ Jun-14 Start const. in March 2014 13 8430 Neighborhood Traffic Management Pro Construction 168,109$ 68,109$ 67,357$ 752$ Jun-13 Ongoing annual project 14 8433 Mur Hot Springs Medians: Alta to Marg Construction 1,274,775$ 815,415$ 109$ 815,306$ Jun-14 Start const. in Jan 2014 15 8456 Whitewood Extension Construction 503,655$ 436,451$ 78,354$ 358,097$ Jun-14 Alignment study underway 16 10012 Jackson Ave Median Construction 60,000$ 49,478$ 10,646$ 38,832$ Jun-14 Start const. in Sept. 2013 17 COP 2007 for 15/215 MHS Interchange Debt Service 728,932$ -$ Apr-27 Ongoing TOTALS 40,403,710$ 8,999,719$ 1,712,585$ 7,287,134$ MEASURE A FUNDS AVAILABLE FOR NEXT FISCAL YEAR 7,287,134$ * Project previously listed as 8293 Traffic Striping Modifications, should have been CIP 8283 Traffic Striping Modifications Phone #: 951-461-6036 Date: June 27, 2013 PROJECT STATUS REPORT FY 2012-2013 MEASURE A LOCAL FUNDS PROGRAM RIVERSIDE COUNTY TRANSPORTATION COMMISSION Agency: City of Murrieta Page 1 of 1 Prepared by: Bob Moehling, City Engineer 117 Measure A Local Streets and Roads CITY OF NORCO FIVE YEAR CIP 2014-2018 MOE CERTIFICATION AND PROJECT STATUS REPORT CIP FY 12/13 118 119 120 121 122 123 124 125 126 Measure A Local Streets and Roads CITY OF WILDOMAR FIVE YEAR CIP 2014-2018 MOE CERTIFICATION AND PROJECT STATUS REPORT CIP FY 12/13 127 128 Estimated Prior Year Measure A Balance:470,790$ Estimated FY 2013-2014 Measure A Allocation:487,000$ Estimated Measure A Available for FY 2013-2014 Projects:957,790$ Item No.Project Name / Limits Project Type Total Cost ($000's) Measure A Funds ($000's) 1 Accessibility Improvements Sidewalk, ramps, repairs, pedestrian and ADA improvements 20,000$ 20,000$ 2 Road Safety Improvements Remove, replace, install signs, pavement markings, related roadway safety improvements 40,000$ 40,000$ 3 Slurry Seal and Overlay Program Remove, Repair, Crack Fill, Slurry Seal as needed 300,000$ 300,000$ 3A Clinton Keith Road (George Ave to Copper Craft) Overlay/Slurry Remove, Repair, Crack Fill, portion Overlay, portion Slurry Seal 250,000$ 250,000$ 4 Roadway Improvement to Unpaved Rds & Drainage Repair or reconstruct unpaved roadways 33,000$ 33,000$ 5 Citywide Maintenance Program Right-of-way maintenance and repair to include but not limited to: striping, stenciling; repairs to streets and culvert/drainage facilities; storm damage/flood control projects; widening streets 127,000$ 127,000$ 6 Public Works Cost Allocation (8% off the top Measure A) Inter Transfer Funds 38,960$ 38,960$ TOTALS 808,960$ 808,960$ 2013-2014 Prepared by: Tim D'Zmura, Public Works Director Phone #: 951.677.7751 Date: May 9, 2013 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASURE A LOCAL FUNDS PROGRAM FY 2013 - 2018 Agency: City of Wildomar Page: 1 of 6 129 Estimated Prior Year Measure A Balance:148,830$ Estimated FY 2014-2015 Measure A Allocation:502,000$ Estimated Measure A Available for FY 2014-2015 Projects:650,830$ Item No.Project Name / Limits Project Type Total Cost ($000's) Measure A Funds ($000's) 1 Accessibility Improvements Sidewalk, ramps, repairs, pedestrian and ADA improvements 20,000$ 20,000$ 2 Road Safety Improvements Remove, replace, install signs, pavement markings, related roadway safety improvements 40,000$ 40,000$ 3 Slurry Seal and Overly Program Remove, Repair, Crack Fill, Slurry Seal as needed 300,000$ 300,000$ 4 Roadway Improvement to Unpaved Rds & Drainage Repair or reconstruct unpaved roadways 33,000$ 33,000$ 5 Citywide Maintenance Program Right-of-way maintenance and repair to include but not limited to: striping, stenciling; repairs to streets and culvert/drainage facilities; storm damage/flood control projects; widening streets 127,000$ 127,000$ 6 Public Works Cost Allocation (8% off the top Measure A) Inter Transfer Funds 40,160$ 40,160$ TOTALS 560,160$ 560,160$ Phone #: 951.677.7751 Date: May 9, 2013 2014-2015 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASURE A LOCAL FUNDS PROGRAM FY 2013 - 2018 Agency: City of Wildomar Page: 2 of 6 Prepared by: Tim D'Zmura, Public Works Director 130 Estimated Prior Year Measure A Balance:90,670$ Estimated FY 2015-2016 Measure A Allocation:517,000$ Estimated Measure A Available for FY 2015-2016 Projects:607,670$ Item No.Project Name / Limits Project Type Total Cost ($000's) Measure A Funds ($000's) 1 Accessibility Improvements Sidewalk, ramps, repairs, pedestrian and ADA improvements 20,000$ 20,000$ 2 Road Safety Improvements Remove, replace, install signs, pavement markings, related roadway safety improvements 40,000$ 40,000$ 3 Slurry Seal and Overly Program Remove, Repair, Crack Fill, Slurry Seal as needed 300,000$ 300,000$ 5 Roadway Improvement to Unpaved Rds & Drainage Repair or reconstruct unpaved roadways 33,000$ 33,000$ 6 Citywide Maintenance Program Right-of-way maintenance and repair to include but not limited to: striping, stenciling; repairs to streets and culvert/drainage facilities; storm damage/flood control projects; widening streets 127,000$ 127,000$ 7 Public Works Cost Allocation (8% off the top Measure A) Inter Transfer Funds 41,360$ 41,360$ TOTALS 561,360$ 561,360$ Phone #: 951.677.7751 Date: May 9, 2013 2015-2016 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASURE A LOCAL FUNDS PROGRAM FY 2013 - 2018 Agency: City of Wildomar Page: 3 of 6 Prepared by: Tim D'Zmura, Public Works Director 131 Estimated Prior Year Measure A Balance:46,310$ Estimated FY 2016-2017 Measure A Allocation:533,000$ Estimated Measure A Available for FY 2016-2017 Projects:579,310$ Item No.Project Name / Limits Project Type Total Cost ($000's) Measure A Funds ($000's) 1 Accessibility Improvements Sidewalk, ramps, repairs, pedestrian and ADA improvements 20,000$ 20,000$ 2 Road Safety Improvements Remove, replace, install signs, pavement markings, related roadway safety improvements 40,000$ 40,000$ 3 Slurry Seal and Overly Program Remove, Repair, Crack Fill, Slurry Seal as needed 300,000$ 300,000$ 4 Roadway Improvement to Unpaved Rds & Drainage Repair or reconstruct unpaved roadways 33,000$ 33,000$ 5 Citywide Maintenance Program Right-of-way maintenance and repair to include but not limited to: striping, stenciling; repairs to streets and culvert/drainage facilities; storm damage/flood control projects; widening streets 127,000$ 127,000$ 6 Public Works Cost Allocation (8% off the top Measure A) Inter Transfer Funds 42,640$ 42,640$ TOTALS 562,640$ 562,640$ Phone #: 951.677.7751 Date: May 9, 2013 2016-2017 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASURE A LOCAL FUNDS PROGRAM FY 2013 - 2018 Agency: City of Wildomar Page: 4 of 6 Prepared by: Tim D'Zmura, Public Works Director 132 Estimated Prior Year Measure A Balance:16,670$ Estimated FY 2017-2018 Measure A Allocation:549,000$ Estimated Measure A Available for FY 2017-2018 Projects:565,670$ Item No.Project Name / Limits Project Type Total Cost ($000's) Measure A Funds ($000's) 1 Accessibility Improvements Sidewalk, ramps, repairs, pedestrian and ADA improvements 20,000$ 20,000$ 2 Road Safety Improvements Remove, replace, install signs, pavement markings, related roadway safety improvements 40,000$ 40,000$ 3 Slurry Seal and Overly Program Remove, Repair, Crack Fill, Slurry Seal as needed 300,000$ 300,000$ 4 Roadway Improvement to Unpaved Rds & Drainage Repair or reconstruct unpaved roadways 33,000$ 33,000$ 5 Citywide Maintenance Program Right-of-way maintenance and repair to include but not limited to: striping, stenciling; repairs to streets and culvert/drainage facilities; storm damage/flood control projects; widening streets 127,000$ 127,000$ 6 Public Works Cost Allocation (8% off the top Measure A) Inter Transfer Funds 43,920$ 43,920$ TOTALS 563,920$ 563,920$ Phone #: 951.677.7751 Date: May 9, 2013 2017-2018 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEASURE A LOCAL FUNDS PROGRAM FY 2013 - 2018 Agency: City of Wildomar Page: 5 of 6 Prepared by: Tim D'Zmura, Public Works Director 133 Item No.Project Name / Limits Project Type Total Cost ($000's) Measure A Funds ($000's) Estimated Completion Status 1 Accessibility Improvements Sidewalk, ramps, repairs, pedestrian and ADA improvements $ 20,000 $ 20,000 $ - This is an ongoing program at City. Unexpended funds will carry over into FY 13/14. 2 Road Safety Improvements Remove, replace, install signs, pavement markings, related roadway safety improvements 40,000$ 40,000$ -$ This is an ongoing program at City. Unexpended funds will carry over into FY 13/14. 3 Slurry Seal and Overly Program Remove, Repair, Crack Fill, Slurry Seal as needed 350,000$ 350,000$ -$ This is an ongoing program at City. Unexpended funds will carry over into FY 13/14. 4 Roadway Improvement to Unpaved Rds & Drainage Repair or reconstruct unpaved roadways 100,000$ 100,000$ -$ This is an ongoing program at City. Unexpended funds will carry over into FY 13/14. 5 Citywide Maintenance Program Right-of-way maintenance and repair to include but not limited to: striping, stenciling; repairs to streets and culvert/drainage facilities; storm damage/flood control projects; widening streets 247,000$ 247,000$ -$ This is an ongoing program at City. Unexpended funds will carry over into FY 13/14. 6 Public Works Cost Allocation (8% off the top Measure A) Inter Transfer Funds 37,680$ 37,860$ -$ This is an ongoing program at City. Unexpended funds will carry over into FY 13/14. 794,680$ 794,860$ Phone #: 951.677.7751 Date: May 9, 2013 PROJECT STATUS REPORT FY 2012-2013 MEASURE A LOCAL FUNDS PROGRAM RIVERSIDE COUNTY TRANSPORTATION COMMISSION Agency: City of Wildomar Page: 6 of 6 Prepared by: Tim D'Zmura, Public Works Director 134 AGENDA ITEM 11 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 26, 2013 TO: Budget and Implementation Committee FROM: Grace Alvarez, Senior Staff Analyst Eric DeHate, Staff Analyst THROUGH: Theresia Trevino, Chief Financial Officer Shirley Medina, Planning and Programming Director SUBJECT: 2009 Measure A Maintenance of Effort Base Year Approval for City of Menifee STAFF RECOMMENDATION: This item is for the Committee to: 1) Approve the 2009 Measure A Maintenance of Effort (MOE) base year level of $214,225 for the city of Menifee (Menifee); and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: Measure A imposes several requirements on local agencies in order to receive local streets and roads funds. The 2009 Measure A ordinance continued the requirement for local agencies to maintain the current commitment of local discretionary expenditures toward transportation construction and maintenance activities. This requirement is to ensure that Measure A funds supplement current expenditures, not supplant. In accordance with the 2009 Measure A ordinance, if local agencies do not meet their respective MOE base year level in a given year, the local agency will not be eligible for any Measure A funds the following year. At its July 2010 meeting, the Commission approved the MOE guidelines developed by staff and the Technical Advisory Committee (TAC). The guidelines also indicated the implementation of the 2009 MOE base year levels would be applicable to FY 2011/12. For the first two years of the 2009 Measure A program for FY 2009/10 and FY 2010/11, the Commission approved the use of the 1989 Measure A MOE base year amounts, or the Proposition 42 MOE amount for cities incorporated in or after 1989. The 2009 Measure A MOE annual certification process is as follows: • Local agencies complete the MOE report template to include discretionary general fund expenditures for construction and maintenance activities for the reporting year; Agenda Item 11 135 " G e n e r a l l e d g e r d o c u m e n t a t i o n / f o r m s m u s t b e s u b m i t t e d a s a n a t t a c h m e n t t o t h e M O E r e p o r t t e m p l a t e ; " M O E r e p o r t s w i l l b e s u b m i t t e d t o t h e C o m m i s s i o n s a u d i t o r ; " C o m m i s s i o n s t a f f w i l l r e p o r t t o t h e T A C a n d C o m m i s s i o n r e g a r d i n g t h e o u t c o m e o f t h e a u d i t o r s f i n d i n g s r e g a r d i n g a g e n c i e s m e e t i n g t h e M O E b a s e y e a r l e v e l s ; a n d " L o c a l a g e n c i e s t h a t d o n o t m e e t t h e M O E b a s e y e a r m a y s u b m i t a r e q u e s t f o r s p e c i a l c o n s i d e r a t i o n , w h i c h w i l l b e p r e s e n t e d t o t h e C o m m i s s i o n . M e n i f e e p r e p a r e d t h e 2 0 0 9 M O E b a s e y e a r c a l c u l a t i o n , b a s e d o n d i s c r e t i o n a r y g e n e r a l f u n d e x p e n d i t u r e s f o r t r a n s p o r t a t i o n r e l a t e d c o n s t r u c t i o n a n d m a i n t e n a n c e a c t i v i t i e s t h a t o c c u r r e d i n F Y 2 0 1 1 / 1 2 . T h e M O E g u i d e l i n e s p e r t a i n i n g t o n e w l y i n c o r p o r a t e d c i t i e s r e q u i r e t h o s e c i t i e s t o d e t e r m i n e t h e i r r e s p e c t i v e M O E b a s e y e a r l e v e l s a f t e r t h e t h i r d y e a r o f i n c o r p o r a t i o n . S t a f f r e c o m m e n d s a p p r o v a l o f t h e M O E b a s e y e a r o f $ 2 1 4 , 2 2 5 , a s i n d i c a t e d i n t h e a t t a c h m e n t . A t t a c h m e n t : F Y 2 0 1 1 / 1 2 C o n s t r u c t i o n a n d M a i n t e n a n c e E x p e n d i t u r e s f o r M e n i f e e A g e n d a I t e m 1 1 1 3 6 FY 2011/12 Construction and Maintenance Expenditures(Round to nearest dollar)Project Expenditures Included in General LedgerTotal CostGeneral FundMeas AFederalStateCity FundsOtherConstruction:Traffic Engineering156,211.15$ 156,211.15$ National Pollutant Discharge Elimination System (NPDES)54,275.00$ 54,275.00$ Development Plan Review 272,743.93$ 272,743.93$ Inspection174,237.00$ 174,237.00$ Grant Application Consultting6,336.64$ 6,336.64$ Safe Routes to School‐Match Funding6,534.00$ 6,534.00$ Maintenance:Lake Elsinore/Canyon Lake TMDL20,458.00$ 20,458.00$ Pavement Management Plan39,954.24$ 39,954.24$ Quail Valley Sewer Plan & fees13,688.50$ 13,688.50$ NPDES Cost Share29,141.00$ 29,141.00$ Miscellaneous Public Works2,769.00$ 2,769.00$ Plan Review‐City Projects8,757.06$ 8,757.06$ Tradewinds Project (for County RDA)90,053.76$ 90,053.76$ City Engineering194,638.28$ 194,638.28$ PW Administration39,097.41$ 39,097.41$ Expenditure Totals1,108,894.97$ 1,108,894.97$ ‐$ ‐$ ‐$ ‐$ ‐$ Total Project CostGeneral FundConstruction:Development Plan Review & Inspection446,980.93$ 446,980.93$ National Pollutant Discharge Elimination System (NPDES)54,275.00$ 54,275.00$ Grant Application Services6,336.64$ 6,336.64$ Maintenance:Lake Elsinore/Canyon Lake TMDL20,458.00$ 20,458.00$ Quail Valley Sewer Plan13,689.00$ 13,689.00$ NPDES Cost Share29,141.00$ 29,141.00$ Tradewinds Project (contract with County RDA)90,054.00$ 90,054.00$ Deduct Totals894,670.26Total GF Expenditures1,108,894.97$ minus Deductions894,670.26MOE Base Year214,224.71Not transportation relatedOne time expenditureEngineering/Administrative Overhead Not Allocated to Specific Projects: $ 233,735.69 $ 233,735.69 Funding BreakdownDeductions for Special Consideration (Deductions Must Also Be Included in Project Expenditures Above): Not transportation relatedPaid from developer deposits (non General Fund)State Reason Why Project Expenditure Should Be Deducted from MOENot transportation relatedEngineering/Administrative Overhead Not Allocated to Specific Projects:Not transportation relatedNot transportation related137 AGENDA ITEM 12 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 26, 2013 TO: Budget and Implementation Committee FROM: Grace Alvarez, Senior Staff Analyst THROUGH: Shirley Medina, Planning and Programming Director SUBJECT: Federal Surface Transportation Program 2013 Call for Rehabilitation Projects – Additional Project Programming STAFF RECOMMENDATION: This item is for the Committee to: 1) Approve programming federal Surface Transportation Program (STP) funds for pavement rehabilitation projects in the amount of $219,989 as presented; and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: At its March 2013 meeting, the Commission approved a 2013 Call for Rehabilitation Projects to be funded with federal STP funds in the amount of $13.8 million. The amount available is a set aside of 20 percent of its annual apportionment of STP funds over three years for pavement rehabilitation type work, resulting in approximately $13.8 million based on Riverside County’s FFY 2012/13 STP apportionment estimate provided by Caltrans. Criteria used for establishing allocation targets for each city and the county of Riverside were 2010 Census population and Federal Functional Classification System lane miles, which were weighted 50/50. STP funds are required to be matched at a minimum of 11.47 percent. Staff received applications to fund 21 projects by the April 1, 2013, deadline and an additional six projects were received after the April 1 deadline, which were brought forward for action at the May and June Commission meetings. At the time the STP 2013 Call for Rehabilitation Projects was released, it was agreed that agencies would be given more time to submit applications. The city of Beaumont submitted its 8th Street Pavement Rehabilitation grant application on August 8. Staff reviewed the city of Beaumont project submittal for completeness and recommends the Committee approve the STP funds requested in the amount of $219,989; local funds committed for the construction phase total $171,391. Staff expects the project to be obligated by the end of FFY 2014/15. The Commission will be updated on the status of delayed projects, if any. Agenda Item 12 138 Upon Commission approval, staff will program the project in the Federal Transportation Improvement Program (FTIP). Once the project is in an approved FTIP, the city of Beaumont will work with Caltrans District 8 Office of Local Assistance to complete the federal requirements for obligating the funds. With approval of this request, a total of $13,607,286 in STP funds will have been programmed, resulting in a balance available of $192,714. The following two local agencies have not submitted projects for STP rehabilitation funds – cities of Blythe and Indian Wells. Staff recommends allowing these agencies more time to submit their respective project(s). If these agencies have not submitted rehabilitation projects by October 1, 2013, the remaining funds will be added to the STP for the 2013 Multi-Funding Call for Projects. Federal STP funds are administered through Caltrans; therefore there is no financial impact to the Commission. Attachment: Additional Project Programming for the STP 2013 Call for Rehabilitation Projects Agenda Item 12 139 RIV130401 AND RIV130402 GROUPED PROJECT LISTING FOR PAVEMENT REHABILITATION AGENCY PROJECT TITLE/DESCRIPTION PROJECT LIMITS FEDERAL FUNDS (STPL) 000'S STATE/LOCAL FUNDS - 000S TOTAL PROJECT COST Beaumont 8th Street Resurfacing, Restoration, and Rehabilitation 8th Street between Pennsylvania Ave (westbound limit) to Xenia Avenue (eastbound limit)$220 $171 $391 Totals - Aug 2013 $220 $171 $391 Projects approved May 2013 $12,119 $4,340 $16,459 Project approved June 2013 $1,268 $989 $2,257 Total projects approved as of Aug. 2013 $13,607 $5,500 $19,107 Total STP funds available $13,800 Remaining STP funds *$193 * Blythe $150,011 and Indian Wells $42,703. 140 AGENDA ITEM 13 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 26, 2013 TO: Budget and Implementation Committee FROM: Shirley Medina, Planning and Programming Director THROUGH: John Standiford, Deputy Executive Director SUBJECT: 2014 State Transportation Improvement Program Intra-County Formula Adjustment STAFF RECOMMENDATION: This item is for the Committee to: 1) Approve the 2014 State Transportation Improvement Program (STIP) intra-county formula percent adjustment; and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: Per the STIP intra-county memorandum of understanding (MOU), the formula percentage applied to the STIP programming capacity must be adjusted to reflect the current apportionment of Measure A taxable sales by geographic area. The adjustment is to be done each odd year prior to the submittal of the STIP to the California Transportation Commission (CTC). Based on the taxable sales by geographic area used for the FY 2012/13 Measure A allocations, the percentage split is as follows: Western County: 75.17% Coachella Valley: 24.12% Palo Verde Valley: 0.71% The 2014 STIP programming capacity for Riverside County is $66,804,000. The CTC’s STIP guidelines allow regions to program up to five percent of STIP funding for planning, programming, and monitoring (PPM). The Commission has traditionally set aside two percent of the total for PPM activities associated with STIP development, project development, and planning and monitoring of projects. The STIP intra-county formula with the above percentages results in the following allocation of 2014 STIP funds: Agenda Item 13 141 2014 STIP Total Riverside County Share $66,804,000 2% PPM 1,336,080 Total New Project Programming $ 65,467,920 Western County 75.17% $ 49,212,236 Coachella Valley 24.12% 15,790,862 Palo Verde Valley 0.71% 464,822 Staff will recommend programming of funds for Western County. CVAG is responsible for recommending programming of funds allocated to the Coachella Valley. Staff will work with the city of Blythe and the county of Riverside regarding the Palo Verde Valley STIP recommendation. Adoption of the 2014 STIP by the CTC is scheduled in March 2014. Regions are to submit their respective STIP proposals to the CTC by December 15, 2013. Therefore, the 2014 STIP submittal will be presented for approval at the November Commission meeting. There is no financial impact, as the STIP funds do not flow directly through the Commission. Agenda Item 13 142 AGENDA ITEM 14 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 26, 2013 TO: Budget and Implementation Committee FROM: Grace Alvarez, Senior Staff Analyst Eric De Hate, Staff Analyst THROUGH: Shirley Medina, Planning and Programming Director SUBJECT: Fiscal Years 2013/14 Annual Local Transportation Fund Planning Allocations to Western Riverside Council of Governments and Coachella Valley Association of Governments STAFF RECOMMENDATION: This Item is for the Committee to: 1) Approve an allocation of Local Transportation Fund (LTF) planning funds in the amount of $598,100 to the Western Riverside Council of Governments (WRCOG) and $326,300 to the Coachella Valley Association of Governments (CVAG) to support transportation planning programs and functions as identified in each agency’s FY 2013/14 LTF Program Objectives/Work Plan (Work Plan); and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: Pursuant to section 99233.2 of the Transportation Development Act (TDA), code of regulations, up to three percent of the annual LTF revenues shall be allocated for transportation planning and programming purposes. The TDA also requires one half of these LTF funds to be allocated for planning activities within the Western Riverside County and the Coachella Valley areas as determined by the Commission. WRCOG submitted its Work Plan that identifies two key program areas – planning and energy/environmental programs and regional transportation programs, consisting of: 1) Planning; 2) Air quality, energy efficiency, and sustainability; 3) Transportation Uniform Mitigation Fee; 4) Riverside County Transportation Commission programs; and 5) Miscellaneous and GIS Agenda Item 14 143 CVAG submitted its Work Plan that identified nine program areas including: 1) Transportation department operations; 2) Project management and contract administration; 3) CVlink (formerly described as Parkway 1e11 and/or the Whitewater River Trail) Project Development (Phased); 4) Riverside County Transportation Commission programs; 5) Planning, programming, and monitoring program; 6) Miscellaneous programs; 7) Congestion Management/Air Quality Programs; 8) Transportation Uniform Mitigation Fee program; and 9) Governmental and special projects. Staff reviewed the work plans and found them consistent with the Commission’s overall transportation programming and planning objectives. The amounts of LTF funding available to WRCOG ($598,100) and CVAG ($326,300) are included in the Commission’s FY 2013/14 budget. Financial Information In Fiscal Year Budget: Yes Year: FY 2013/14 Amount: $924,400 Source of Funds: Local Transportation Funds Budget Adjustment: No GL/Project Accounting No.: 106 65 86205 Fiscal Procedures Approved: Date: 08/14/2013 Attachment: 1) WRCOG FY 2013/14 LTF Program Objectives/Work Plan 2) CVAG FY 2013/14 LTF Program Objectives/Work Plan Agenda Item 14 144 145 146 147 148 149 AGENDA ITEM 15 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 26, 2013 TO: Budget and Implementation Committee FROM: William Von Klug, Right of Way Manager THROUGH: Marlin Feenstra, Project Delivery Director SUBJECT: Request to Declare Real Property as Surplus STAFF RECOMMENDATION: This item is for the Committee to: 1) Declare as surplus the real property in the areas of the 60/91/215 interchange, State Route 74, and former alignment of the Mid County Parkway (MCP) near Cajalco Road, included in this agenda item and attached maps; 2) Authorize the Executive Director to notify public agencies, and contiguous land owners for two of the properties on SR-74, pursuant to Government Code 54220 et.seq, the properties are available; 3) If no response is received, authorize the Executive Director to offer the surplus properties for sale to the public; and 4) Forward to the Commission for final action. BACKGROUND INFORMATION: Staff completed a review of the Commission’s real property inventory and determined it would be in the Commission’s best interest to declare several parcels as surplus and offer them for sale. The parcels proposed to be declared as excess are land parcels acquired to facilitate the construction of the 60/91/215 interchange, SR-74, and the former alignment of the Mid County Parkway (MCP) near Cajalco Road, and are no longer necessary for current or future project purposes. The following table summarizes the properties proposed to be declared excess. Site # of Parcels Acreage Location 60/91/215 19 40.87 City of Riverside SR-74 16 16.87 Unincorporated Area of Riverside County Former MCP near Cajalco Road 3 29.63 Unincorporated Area of Riverside County Total 38 87.37 Agenda Item 15 150 Process After being declared excess, staff will follow the Commission’s right of way policies and procedures, state laws, and any applicable funding requirements to dispose of the property. Staff will prioritize the order of sale based on market conditions. Pursuant to the Government Code 54220, et.seq., letters will be prepared notifying the appropriate public agencies of the Commission’s decision to declare the property surplus. If interested, the public agency(s) shall notify the Commission in writing of its intent to purchase or lease the land within 60 days after receipt of the Commission’s notification of intent to sell the land. If no public agency expresses interest in the parcel, the parcels will then be offered for sale to the public. An appraisal will be completed in order to determine the current fair market value of the surplus property. The surplus property will be advertised for sale, utilizing the Commission's website, newspapers, and online publications as well as signage on the property. An Invitation for Bids, will be added to “Available Property” on the Commission’s website and a defined submittal date will be provided. Staff will review the offers received based on the following criteria: 1) Price; and 2) Terms and conditions of sale All applicants will be required to complete the Commission’s Conflict of Interest form. Staff will return to the Commission for approval before entering into a purchase and sale agreement for any of the properties. Properties The parcels remaining from the 60/91/215 interchange project are very large developable parcels and have generated much interest from the community in general. A portion of the 33-acre site will be held for a future connector from eastbound SR-91 to westbound SR-60. Regarding the remnant parcels from the SR-74 project, Commission staff is working with the county of Riverside and Caltrans to dedicate and/or relinquish public street areas, which is part of the project close-out process. For this reason, these properties will not be immediately offered for sale, but will be in the near future when these areas are finalized. For the parcels near Cajalco Road and Gustin Road, these parcels were acquired prior to adopting a preferred alignment for the MCP project and all of the alternatives were initially along Cajalco Road. As this property had imminent development, it was considered a Agenda Item 15 151 protection parcel and acquired as such. It is located in the alignment that has since been deleted for this project, and thus no longer needed. Two SR-74 excess land parcels, APN(s): 345-060-040 and 342-140-019, have an area less than 5,000 square feet and are considered to be exempt surplus land pursuant to Government Code 54220, et.seq. The contiguous land owner will be notified of the sale first to determine if he/she would like to purchase the property. If not, they are no longer considered exempt surplus land and will follow the above process if the property is a minimum buildable lot size that can be independently developed. Staff requests that the Commission declare these parcels as surplus property and authorize the Executive Director to offer the surplus property for sale. The proceeds from the sales of these properties have not been included in the FY 2013/14 budget. 60/91/215 Interchange Properties APN Ownership Type Vacant/ Improved Zoning Acres 206-151-029 Fee Vacant Residential 0.72 206-151-036 Fee Vacant Residential 4.37 209-020-022 Fee Vacant Residential 0.01 209-020-047 Fee Vacant Residential 2.13 209-020-048 Fee Vacant Residential 10.84 209-060-022 Fee Vacant Residential 3.07 209-060-026 Fee Vacant Residential 10.04 209-070-014 Fee Vacant Residential 1.89 206-132-036 Fee Vacant Commercial 1.50 206-132-037 Fee Vacant Commercial 1.16 210-180-011 Fee Vacant Business 0.28 210-180-034 Fee Vacant Business 0.55 210-180-037 Fee Vacant Business 0.01 210-180-039 Fee Vacant Business 0.23 210-180-042 Fee Vacant Business 0.68 210-180-043 Fee Vacant Business 1.93 210-180-044 Fee Vacant Business 0.09 210-180-045 Fee Vacant Business 1.00 210-190-001 Fee Vacant Business 0.37 SR-74 Route Properties APN Ownership Type Vacant/ Improved Zoning Acres 345-150-005 Fee Vacant Rural Residential 0.33 345-150-029 Fee Vacant Rural Residential 1.14 345-060-040 Fee Vacant Rural Residential 0.02 345-070-012 Fee Vacant Rural Residential 0.40 342-210-016 Fee Vacant Rural Residential 4.07 Agenda Item 15 152 APN Ownership Type Vacant/ Improved Zoning Acres 342-210-017 Fee Vacant Rural Residential 3.32 342-210-028 Fee Vacant Manufacturing- Service Commercial 3.46 345-080-073 Fee Vacant Rural Residential 1.57 345-080-074 Fee Vacant Rural Residential 0.24 342-130-016 Fee Vacant Rural Residential 0.15 342-200-072 Fee Vacant Rural Residential 0.19 342-140-019 Fee Vacant Manufacturing - Service Commercial 0.10 342-150-028 Fee Vacant Rural Residential 0.97 342-064-032 Fee Vacant Rural Residential 0.34 342-052-018 Fee Vacant Rural Residential 0.28 342-052-019 Fee Vacant Rural Residential 0.29 Cajalco Road Properties APN Ownership Type Vacant/ Improved Zoning Acres 285-210-018 Fee Vacant Rural Residential 9.87 285-210-019 Fee Vacant Rural Residential 9.88 285-210-023 Fee Vacant Rural Residential 9.88 Financial Information In Fiscal Year Budget: No N/A Year: FY 2013/14 FY 2014/15+ Amount: Undetermined Source of Funds: Property sale proceeds Budget Adjustment: No N/A GL/Project Accounting No.: 222 31 42003 273 73 42003 Fiscal Procedures Approved: Date: 08/20/2013 Attachment: Maps Depicting the Real Property to be Declared as Surplus Agenda Item 15 153 Riverside County Transportation Commission 1 Epic Land Solutions, RCTC POTENTIAL EXCESS PROPERTY August 14, 2013 Prepared By: FOR INTERNAL RCTC USE ONLY Epic Land Solutions, Inc. 154 Riverside County Transportation Commission 2 Epic Land Solutions, 60/91/215 Interchange (NW Quadrant-Ferguson) APN OWNERSHIP TYPE VACANT/ IMPROVED ZONING ACRES 206-151-029 Fee Vacant Residential 0.72 206-151-036 Fee Vacant Residential 4.37 209-020-022 Fee Vacant Residential 0.01 209-020-047 Fee Vacant Residential 2.13 209-020-048 Fee Vacant Residential 10.84 209-060-022 Fee Vacant Residential 3.07 209-060-026 Fee Vacant Residential 10.04 209-070-014 Fee Vacant Residential 1.89 TOTAL 33.07 Property Description: The parcels are located in the City of Riverside, north of the 60 freeway. The site is comprised of eight APNs. Portions of two were sold to Caltrans for freeway expansion. 155 Riverside County Transportation Commission 3 Epic Land Solutions, 60/91/215 Interchange (NW Quadrant-Oda) APN OWNERSHIP TYPE VACANT/ IMPROVED ZONING ACRES 206-132-036 Fee Vacant Commercial 1.50 206-132-037 Fee Vacant Commercial 1.16 TOTAL 2.66 Property Description: The parcels are located in the City of Riverside, west of the 215 freeway. The site is composed of two APNs acquired for freeway expansion, portions of which were subsequently sold to Caltrans. 156 Riverside County Transportation Commission 4 Epic Land Solutions, 60/91/215 Interchange (SE Quadrant-Spruce) APN OWNERSHIP TYPE VACANT/ IMPROVED ZONING ACRES 210-180-011 Fee Vacant Business 0.28 210-180-034 Fee Vacant Business 0.55 210-180-037 Fee Vacant Business 0.01 210-180-039 Fee Vacant Business 0.23 210-180-042 Fee Vacant Business 0.68 210-180-043 Fee Vacant Business 1.93 210-180-044 Fee Vacant Business 0.09 210-180-045 Fee Vacant Business 1.00 210-190-001 Fee Vacant Business 0.37 TOTAL 5.14 Property Description: The parcels are located in the City of Riverside, east of the 215 freeway. The parcels are bound on the north by Spruce Street, on the west by East La Cadena Drive and on the east by BNSF RR R/W. 157 Riverside County Transportation Commission 5 Epic Land Solutions, Route 74 (At Festus Circle) APN OWNERSHIP TYPE VACANT/ IMPROVED ZONING ACRES 345-150-005 Fee Vacant Rural Residential 0.33 345-150-029 Fee Vacant Rural Residential 1.14 TOTAL 1.47 Property Description: The parcels are located in an unincorporated area of Riverside County, both north and south of Highway 74 at Festus Circle. 158 Riverside County Transportation Commission 6 Epic Land Solutions, Route 74 (Near Spring Street) APN OWNERSHIP TYPE VACANT/ IMPROVED ZONING ACRES 345-060-040 Fee Vacant Rural Residential 0.02 345-070-012 Fee Vacant Rural Residential 0.40 TOTAL 0.42 Property Description: The parcels are located in an unincorporated area of Riverside County, north of Highway 74 near Spring Street. 159 Riverside County Transportation Commission 7 Epic Land Solutions, Route 74 (Near Mapes Road) Property Description: The parcels are located in an unincorporated area of Riverside County, south of Highway 74 near Mapes Road. APN OWNERSHIP TYPE VACANT/ IMPROVED ZONING ACRES 342-210-016 Fee Vacant Rural Residential 4.07 342-210-017 Fee Vacant Rural Residential 3.32 342-210-028 Fee Vacant Manufacturing- Service Commercial 3.46 345-080-073 Fee Vacant Rural Residential 1.57 345-080-074 Fee Vacant Rural Residential 0.24 TOTAL 12.66 160 Riverside County Transportation Commission 8 Epic Land Solutions, Route 74 (Near Betty Road) APN OWNERSHIP TYPE VACANT/ IMPROVED ZONING ACRES 342-130-016 Fee Vacant Rural Residential 0.15 342-200-072 Fee Vacant Rural Residential 0.19 TOTAL 0.34 Property Description: The parcels are located in an unincorporated area of Riverside County, both north and south of Highway 74 near Betty Road. 161 Riverside County Transportation Commission 9 Epic Land Solutions, Route 74 (At Mountain Avenue) APN OWNERSHIP TYPE VACANT/ IMPROVED ZONING ACRES 342-140-019 Fee Vacant Manufacturing - Service Commercial 0.10 342-150-028 Fee Vacant Rural Residential 0.97 TOTAL 1.07 Property Description: The parcels are located in an unincorporated area of Riverside County, both north and south of Highway 74 at Mountain Avenue. 162 Riverside County Transportation Commission 10 Epic Land Solutions, Route 74 (Near Edward Street) APN OWNERSHIP TYPE VACANT/ IMPROVED ZONING ACRES 342-064-032 Fee Vacant Rural Residential 0.34 342-052-018 Fee Vacant Rural Residential 0.28 342-052-019 Fee Vacant Rural Residential 0.29 TOTAL 0.91 Property Description: The parcels are located in an unincorporated area of Riverside County, south of Highway 74 near Edward Street. 163 Riverside County Transportation Commission 11 Epic Land Solutions, Cajalco Road (At Gustin Road) APN OWNERSHIP TYPE VACANT/ IMPROVED ZONING ACRES 285-210-018 Fee Vacant Rural Residential 9.87 285-210-019 Fee Vacant Rural Residential 9.88 285-210-023 Fee Vacant Rural Residential 9.88 TOTAL 29.63 Property Description: The three parcels are located in an unincorporated area of Riverside County, south of Cajalco Road and east of Gustin Road. 164 AGENDA ITEM 16 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 26, 2013 TO: Budget and Implementation Committee FROM: Josefina Clemente, Transit Manager THROUGH: Robert Yates, Multimodal Services Director SUBJECT: Memorandum of Understanding with the Southern California Association of Governments for the Federal Transit Administration’s Section 5337 State of Good Repair and Section 5339 Bus and Bus Facilities Grant Programs STAFF RECOMMENDATION: This item is for the Committee to: 1) Approve Memorandum of Understanding (MOU) No. M-015-13 with the Southern California Association of Governments (SCAG) for the Section 5337 State of Good Repair Grant Program; 2) Approve MOU No. M-016-13 with SCAG for the Section 5339 Bus and Bus Facilities grant program; and 3) Forward to the Commission for final action. BACKGROUND INFORMATION: In July 2012, Congress passed the Moving Ahead for Progress (MAP-21) two-year reauthorization bill which authorized federal funding for public transportation programs that Federal Transit Administration (FTA) administers for fiscal years 2012/13 and 2013/14. This legislation restructured existing funding by consolidating several grant programs, revising project eligibility and amending funding allocation requirements from discretionary to a formula based process. Section 5337 State of Good Repair Grants Under MAP-21, the Section 5337 State of Good Repair program replaces the 5309 Fixed Guideway program. Funding is limited to fixed guideway investments to maintain transit systems in a state of good repair. Funds are dedicated to repair and upgrade of the nation’s rail transit systems along with high intensity motor bus systems that use high occupancy vehicle lanes including bus rapid transit. Eligible recipients include state and local government authorities in urbanized areas with fixed guideway public transit facilities operating for at least seven years. The new formula comprises of the former fixed guideway formula, a new service- based formula and a new formula for buses on high occupancy vehicle lanes. Federal share is 80 percent with a required 20 percent local match. Agenda Item 16 165 Section 5339 Bus and Bus Facilities Grants MAP-21 established the Bus and Bus Facilities formula program, replacing some of the elements of the former Bus and Bus Facilities discretionary program before MAP-21 to fund capital projects. Eligible capital projects include projects to replace, rehabilitate and purchase buses and related equipment and to construct bus-related facilities. Section 5339 funds are allocated according to a statutory formula based on population, vehicle revenue miles and passenger miles. In addition, FTA will only award grants under this program to designated recipients within large urbanized areas and to states for the apportionments to areas with a population under 200,000. Designated recipients and states will be required to apply on behalf of eligible subrecipients. FTA requires an 80/20 federal/local match for this program. DISCUSSION: MOUs were developed between SCAG and county transportation commissions (CTC) so that grant applications may be submitted for their respective Section 5337 and Section 5339 allocations. SCAG is responsible for comprehensive and coordinated regional transportation planning and programming in the six-county SCAG region and will be administering the above formula program funds that are the subject of the agreements. Accordingly, the agreement with SCAG will need to be in place so funds can be disbursed to the direct recipients and subrecipients. SCAG shall be responsible for the following actions: 1) Managing program funds distribution and oversight for subrecipients receiving funds under these programs. 2) Applying for Section 5339 program funds using the Transportation Electronic Award and Management System on behalf of the subrecipients. As the CTC for Riverside County, the Commission is responsible for identifying and sub- allocating funding amounts to direct recipients within each urbanized areas in the county, based on county level funding amounts that SCAG provides. The Commission will assist agencies identified as funding subrecipients and ensure that required related certification forms are executed and submitted to SCAG in a timely manner. Appropriate agreements with SCAG are established to ensure that final funding amounts are reflected correctly in grant applications. Since the Commission is only responsible for sub-allocation of funds once notified by SCAG, there are no financial impacts to the Commission associated with these agreements. Attachments: 1) Draft MOU No. M-015-13 2) Draft MOU No. M-016-13 Agenda Item 16 166 Page 1 of 23 MOU No. M-015-13: Section 5337 Program Funds MEMORANDUM OF UNDERSTANDING (MOU) AMONG THE SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS AND COUNTY TRANSPORTATION COMMISSIONS FOR THE SECTION 5337 STATE OF GOOD REPAIR GRANTS PROGRAM (MOU No. M-015-13) RECITALS WHEREAS, the Southern California Association of Governments (SCAG) is a joint powers agency formed pursuant to Title 1, Division 7, Chapter 5 of the California Government Code (Section 6500 et seq.) and is the Metropolitan Planning Organization (MPO) recognized under 23 United States Code (U.S.C.) Section 134 and 49 U.S.C. Section 5303; WHEREAS, SCAG is responsible for developing Regional Transportation Plans and Federal Transportation Improvement Programs (FTIPs), pursuant to 23 U.S.C. Section 134 et seq., 49 U.S.C. Section 5303 et seq., California Government Code Section 65080 et seq., and California Public Utilities Code Section 130300 et seq., and applicable regulations and guidance; WHEREAS, SCAG is the Designated Recipient (as defined in 49 U.S.C Section 5302(4)) of Federal Transit Administration (FTA) Urbanized Area Formula Grants under 49 U.S.C. Section 5307 (Section 5307 Program) for the following large urbanized areas (UZAs) with populations of 200,000 or more (according to the latest U.S. Census) in the SCAG region: Los Angeles- Long Beach-Anaheim (UZA 2), Riverside-San Bernardino (UZA 22), Indio-Cathedral City (UZA 111), Santa Clarita (UZA 146), Murrieta-Temecula-Menifee (UZA 87), and Lancaster-Palmdale (UZA 112); WHEREAS, the Orange County Transportation Authority (OCTA), the Los Angeles County Metropolitan Transportation Authority (Metro), the San Bernardino Associated Governments (SANBAG) acting in its capacity as the San Bernardino County Transportation Commission , and the Riverside County Transportation Commission (RCTC) (referred to individually herein as a “CTC” and collectively as “CTCs”) are responsible for developing short-range Transportation Improvement Programs (TIPs) for their respective counties in coordination with SCAG and the municipal transit operators (pursuant to California Public Utilities Code Section 130303 et seq.), and for submitting their TIPs to SCAG for recommended inclusion in the FTIP; WHEREAS, pursuant to the new two-year transportation reauthorization bill that was signed into law on July 6, 2012, the Moving Ahead for Progress in the 21st Century Act (MAP-21; P.L. 112-141), funding is authorized for the 49 U.S.C Section 5337 State of Good Repair Grants Program (Section 5337 Program); WHEREAS, the Federal Fiscal Year (FFY) is the accounting period for the federal government which begins on October 1 and ends on September 30; WHEREAS, MAP-21 authorizes funding for the Section 5337 Program for FFY 2012/2013 and FFY 2013/14 exclusively for capital assistance projects (including preventive maintenance ATTACHMENT 1 167 Page 2 of 23 MOU No. M-015-13: Section 5337 Program Funds activities) for the replacement and rehabilitation of existing fixed-guideway systems to maintain them in a state of good repair; WHEREAS, MAP-21 also authorizes funding for the Section 5337 Program for FFY 2012/2013 and FFY 2013/14 exclusively for capital assistance projects for the replacement and rehabilitation of existing high intensity motorbus systems, defined in 49 U.S.C Section 5337(d)(1) as public transportation provided on a facility with access to other high-occupancy- vehicles (HOVs), to maintain these fixed-route bus systems in a state of good repair; WHEREAS, the Section 5337 Program replaces and modifies elements of the Fixed Guideway Modernization Program (previously under 49 U.S.C. Section 5309(a)); WHEREAS, FTA guidance specifies that the Designated Recipient of Section 5337 Program funds for large UZAs shall be the same as the Designated Recipient of Section 5307 Program funds for such areas; WHEREAS, SCAG, as the Designated Recipient of Section 5337 Program funds for large UZAs identified herein within the SCAG region, must allocate Section 5337 Program funds to eligible Direct Recipients and is responsible for tracking grant activity at UZA levels; WHEREAS, the CTCs are responsible for identifying any and all eligible Direct Recipients of Section 5337 Program funds; WHEREAS, the CTCs are further responsible for sub-allocating Section 5337 Program funds among eligible Direct Recipients identified by the CTCs within their respective counties consistent with the Section 5337 Program formula, and notifying SCAG and Direct Recipients of such sub-allocations and changes to such sub-allocations; WHEREAS, CTCs and all other Direct Recipients of Section 5337 Program funds are responsible for compliance with all applicable grant requirements set forth in the FTA Master Agreement and annual FTA Certifications and Assurances; WHEREAS, all references to “days” shall mean calendar days, unless otherwise specified, in notification periods set forth herein; and WHEREAS, this Memorandum of Understanding (“MOU” or “Agreement”) is entered into by SCAG and the CTCs in order to clarify the roles and responsibilities of all parties with regard to implementation of the Section 5337 Program. NOW, THEREFORE, THE PARTIES HEREBY MUTUALLY AGREE AS FOLLOWS: 1. Incorporation of Recitals 1.1. The foregoing Recitals are hereby incorporated into and made part of this Agreement. 168 Page 3 of 23 MOU No. M-015-13: Section 5337 Program Funds 2. Roles and Responsibilities 2.1. Role and Responsibilities of SCAG 1) County and Inter-county Allocations: SCAG shall prepare the allocations of Section 5337 Program funds apportioned by FTA for large UZAs identified herein that do not expand over more than one county, and the inter-county allocations of Section 5337 Program funds apportioned by FTA for large UZAs identified herein that expand over more than one county (County and Inter-county Allocations). The County and Inter-county Allocations of Fixed Guideway (FG) funds shall be consistent with the formula set forth in subparagraphs (B) and (C) of 49 U.S.C Section 5337(c)(3). Similarly, the County and Inter-county Allocations of High Intensity Motor Bus (HIMB) funds shall be consistent with the formula set forth in subparagraphs (B) and (C) of 49 U.S.C Section 5337(d)(3). SCAG shall prepare such allocations pursuant to the following process: a. SCAG shall provide to the CTCs a “Notice of Proposed County and Inter- County Allocations” for a thirty (30)-day review and comment period. b. Upon closure of the review and comment period, SCAG shall consider any requested revisions and comments received and make revisions as appropriate, then shall issue a “Notice of Final County and Inter-County Allocations.” 2) Grant Certification and Opt-Out Forms: SCAG shall include with the Notice of Final County and Inter-County Allocations to the CTCs, the “Grant Certification Form,” attached hereto and incorporated herein as Exhibit “A.” The Grant Certification Form includes as attachments, the FTA Certifications and Assurances (Attachment A-1) in addition to the Opt-Out Form (Attachment A-2) as described in Section 2.3, paragraphs 5 and 6. SCAG shall include Instructions with such forms. Each CTC shall be responsible for distributing to and coordinating signatures by the Direct Recipients identified by the CTC in their respective county, of either the Grant Certification Form or Opt-Out Form. SCAG shall receive either the Grant Certification Form or Opt-Out Form signed by each eligible Direct Recipient identified by the CTC in their respective county prior to submittal of a grant application for Section 5337 Program Funds by an eligible Direct Recipient. In no event shall SCAG provide a concurrence letter in support of a grant application for such funds in a county for which SCAG has not received all required documentation as set forth below in paragraph 4 of this Section 2.1. 3) Notify FTA of Sub-Allocations: Upon receipt of the Notices of Sub-allocations from the CTCs as set forth in paragraph 2 of Section 2.2 of this Agreement, SCAG shall transmit “funding split” letters notifying FTA of the sub-allocations of 5337 Program funds to Direct Recipients in UZAs identified herein. 169 Page 4 of 23 MOU No. M-015-13: Section 5337 Program Funds 4) MPO Concurrence Letters: SCAG shall allow Direct Recipients to submit grant applications directly to FTA, subject to SCAG’s receipt of documentation set forth below in this paragraph 4. SCAG shall provide to FTA the MPO concurrence letters required by FTA for the approval of Section 5337 Program grant applications submitted by a Direct Recipient to FTA, contingent upon SCAG’s receipt of the following required documentation: a. This Agreement fully executed by all Parties; b. The Grant Certification Form (Exhibit A) signed by the Direct Recipient’s duly authorized representative; c. The FFY 2013 FTA Certifications and Assurances (Attachment A-1), attached to the Grant Certification Form or subsequent annual FTA Certifications and Assurances (published in the Federal Register), as applicable, signed by the Direct Recipient’s duly authorized representative and its attorney; and d. Any further documentation requested by SCAG or FTA to ensure compliance with the grant requirements. 5) Grant Tracking at UZA Levels: SCAG shall track grant activity of Section 5337 Program funds at UZA levels and share the balances with the Direct Recipients, CTCs, and FTA upon request or as needed, but not less frequently than once per each quarter of the FFY. 2.2. Role and Responsibilities of the CTCs 1) Review of Proposed County and Inter-County Allocations: Upon receipt from SCAG of the Notice of Proposed County and Inter-County Allocations, each CTC shall review and provide comments to SCAG as needed within thirty (30) days. 2) Sub-Allocations: Each CTC shall identify eligible Direct Recipients of Section 5337 Program funds within their respective counties and shall sub-allocate FG funds consistent with the formula set forth in subparagraphs (B) and (C) of U.S.C Section 5337(c)(3), and shall sub-allocate HIMB funds consistent with the formula set forth in subparagraphs (B) and (C) of U.S.C Section 5337(d)(3), pursuant to the following process: a. Each CTC shall provide a “Notice of Sub-allocations” to SCAG and to all Direct Recipients in its county, within thirty (30) days of receiving the Notice of Final County and Inter-County Allocations from SCAG. Such Notice to the Direct Recipients shall include a copy of the Grant Certification Form and Opt- Out Form, with Instructions, as described in Section 2.1, paragraph 2, of this Agreement. The Notice of Sub-allocations shall include but is not limited to the following information, and all available funds shall be sub-allocated (without a remaining balance): 170 Page 5 of 23 MOU No. M-015-13: Section 5337 Program Funds i. Full name of the Direct Recipient, ii. Dollar amounts of sub-allocations to each Direct Recipient, iii. Category of Funds (FG or HIMB), iv. FFY of funding sub-allocations, and v. Any other information requested by FTA. b. Each CTC shall be responsible for coordinating and obtaining signed Certification Forms or Opt-Out Forms as described in Section 2.1, paragraph 2, of this Agreement, from all eligible Direct Recipients identified by the CTC in its respective county, and ensuring that such forms are submitted to SCAG. 3) Grant Management and Tracking at County and Recipient Levels: The CTCs shall be responsible for the tracking and reconciliation of Section 5337 Program funding balances of eligible Direct Recipients which are sub-allocated within their respective counties, and shall provide such fund balances to the SCAG Grants Administrator on a quarterly basis and upon request. The CTCs shall further be responsible for managing and approving any exchanges of such funds with other federal, state, and/or local funds within the same UZA, in accordance with applicable federal, state and/or local requirements . Each CTC shall further notify SCAG of any and all revised sub-allocations within thirty (30) days from the date of such revisions, to reflect any funding exchanges or in the event that any identified eligible Direct Recipient opts-out of receiving its sub-allocation pursuant to Section 2.3, paragraph 6. Each CTC agrees to notify any and all Direct Recipients in their respective county with 5337 Program funding sub-allocations at risk of lapsing, and shall provide a copy of such notification to SCAG. Each CTC further agrees to provide SCAG with documentation of any exchanges of funds, upon request of SCAG or FTA. 4) Short-range Programming: The CTCs shall be responsible for programming eligible projects in their short-range TIPs that are submitted to SCAG for recommended inclusion in the FTIP. 2.3. Role and Responsibilities of Direct Recipients 1) Definition of “Direct Recipient:” For purposes of this Agreement, “Direct Recipient” shall mean an eligible public entity identified by the CTC serving the county in which such public entity is located, to receive a sub-allocation of Section 5337 Program funds and that may apply directly to FTA for a grant award to implement eligible capital projects, contingent upon meeting federal requirements and requirements set forth in this Section 2.3. “Direct Recipients” may include CTCs. 2) CTC Certifications and Assurances: A CTC which applies for Section 5337 Funds shall also be considered a “Direct Recipient” for purposes of this Agreement, and by signing this Agreement such CTC hereby agrees to accept responsibilities and comply with the requirements stated in this Agreement 171 Page 6 of 23 MOU No. M-015-13: Section 5337 Program Funds including but not limited to this Section 2.3. Each CTC understands and agrees that it shall not be entitled to elect the Opt-Out option set forth under paragraph 6 of this Section 2.3. 3) Applications and Grant Management Process: Direct Recipients are responsible for applying directly to FTA for a grant award from the Section 5337 Program to implement eligible capital projects, contingent on meeting federal requirements and requirements set forth under this Section 2.3. Direct Recipients are further responsible for preparing, submitting and managing all of their grant applications in FTA’s Transportation Electronic Award Management web-based (TEAM-Web) system. 4) Grant Requirements: The responsibilities of Direct Recipients include, but are not limited to, the following: a. FTA Master Agreement: Each Direct Recipient agrees to comply in the same capacity as the “Recipient” with applicable terms and conditions of the FTA Master Agreement, FTA MA (19) dated October 1, 2012 (www.fta.dot.gov/documents/19-Master.pdf) and any agreement which supersedes and replaces it. b. Annual FTA Certifications and Assurances: By signing the FFY 2013 FTA Certifications and Assurances, attached hereto and incorporated herein as Exhibit “A,” each Direct Recipient certifies in the same capacity as the “Applicant” that it shall comply with the applicable annual FTA Certifications and Assurances (published annually in the Federal Register). Upon publication of the FFY 2014 FTA Certifications and Assurances form, and for each additional FFY for which Congress authorizes and appropriates Section 5337 Program funds, each Direct Recipient shall sign and submit a copy of such form to SCAG prior to applying for any of such funds. c. Documentation: Each Direct Recipient shall submit to SCAG any documentation reasonably requested by SCAG to assure the validity of all above-referenced Certifications and Assurances. d. Transit Asset Management Plans: Each Direct Recipient shall agree to the following: i. It will develop a Transit Asset Management Plan that complies with: 1. 49 U.S.C. Section 5326 et seq. and Section 5337(a)(4), as amended by MAP-21; 2. Federal regulations pertaining to the National Transit Asset Management System required to be issued by 49 U.S.C. Section 5326(d), as amended by MAP-21; 172 Page 7 of 23 MOU No. M-015-13: Section 5337 Program Funds 3. Performance Measures and Targets required to be issued by 49 U.S.C. Section 5326(c)(1); and 4. Other applicable Federal laws and regulations; ii. It will develop a Transit Asset Management Plan that is consistent with Federal guidance developed or to be developed to implement 49 USC Section 5326, as amended by MAP-21. iii. It will provide progress and performance reports as required by 49 U.S.C. Section 5326(c)(3), as amended by MAP-21. iv. Transit Asset Management Plans shall at minimum include capital asset inventories and condition assessments, and investment prioritization. Direct Recipients shall further report on the condition of their system and any change in condition since the last report and submit such reports into the FTA’s National Transit Database (NTD). The Direct Recipient shall submit to SCAG performance measures and targets adopted as part of such plans, and any other related documentation requested by SCAG. e. Reports: Upon submittal to or approval by FTA, as applicable, Direct Recipients shall submit to SCAG copies of the following documents and reports which relate to the Section 5337 Program: i. Approved Grant Applications, Budget Revisions and Amendments; ii. Supplemental Agreements and Amendments; iii. Quarterly Milestones/Progress Reports submitted into FTA’s TEAM- Web system during the current FFY; iv. Federal Financial Reports submitted into FTA’s TEAM-Web system during the current FFY; v. Disadvantaged Business Enterprise (DBE) reports and all other reports and documentation required by FTA; vi. Final/Close-out Reports submitted to FTA; and vii. Any other documents or reports requested by FTA or SCAG, including information which enables SCAG to track 5337 Program funding balances in UZAs for which it is the Designated Recipient. f. Invoices: Upon approval of grant applications by FTA and commencement of approved projects under the Section 5337 Program, Direct Recipients shall submit invoices to FTA for reimbursement of incurred eligible and allowable 173 Page 8 of 23 MOU No. M-015-13: Section 5337 Program Funds costs. Costs shall comply with Section 5337 Program requirements, all applicable Federal cost principles and other related requirements, and shall serve as the only costs eligible for reimbursement by FTA. Direct Recipients shall draw-down grant funds via FTA’s Electronic Clearing House Operation (ECHO-Web) System on a reimbursement basis upon approval by FTA of a Direct Recipient’s invoice. g. Supplemental Agreements: Direct Recipients that sub-allocate Section 5337 Program funds shall comply with FTA’s requirement for a Supplemental Agreement to be pinned to the grant in the TEAM-Web system prior to grant execution. 5) Grant Certification Form: Each Direct Recipient, excluding a CTC who is a Direct Recipient, shall execute and submit to SCAG, in advance of submitting a grant application for Section 5337 Program funds to FTA and no later than fifteen (15) days after receiving a Notice of Sub-allocations from the CTC a signed Grant Certification Form (Exhibit A) including a signed FFY 2013 FTA Certifications and Assurances (Attachment A-1). Upon publication of the FFY 2014 FTA Certifications and Assurances, and for each additional FFY for which Congress authorizes and appropriates Section 5337 Program funds, each Direct Recipient shall sign and submit a copy to SCAG of the applicable FTA Certifications and Assurances form, prior to applying for such funds. SCAG shall not allocate and the CTCs shall not sub-allocate, as applicable, any Section 5337 Program funds to a Direct Recipient who has not executed a Grant Certification Form and applicable FTA Certifications and Assurances form. 6) Opt-Out Option: In the event an eligible Direct Recipient, excluding a CTC who is a Direct Recipient, elects not to apply for Section 5337 Program funds and does not execute the Grant Certification Form described in paragraph 5 of this Section 2.3, the Direct Recipient may sign and return the Opt-Out Form (Attachment A-2). A Direct Recipient that elects to opt-out, as described herein, shall sign and return to SCAG’s Grants Administrator the required Opt-Out Form within thirty (30) days of receiving the Notice of Sub-Allocations from the CTC serving the county in which the Direct Recipient is located. Upon receipt by SCAG of the Opt-Out Form signed by a Direct Recipient’s duly authorized representative or upon the lapse of the thirty (30)-day notification period, SCAG and the respective CTC shall initiate the process to sub-allocate the Section 5337 Program funds among other Direct Recipients that provide fixed guideway and/or high intensity motorbus service within the SCAG region al boundaries and according to the statutory formulas set forth under 49 U.S.C. Section 5337, as applicable and as amended from time to time. In any event, this Agreement shall remain fully binding and enforceable among the signatory parties. 174 Page 9 of 23 MOU No. M-015-13: Section 5337 Program Funds 3. General Provisions 3.1. Term of Agreement: This Agreement shall be effective on June 1, 2013, and continues in full force unless a party withdraws from this Agreement or this Agreement is terminated in accordance with Section 3.7. 3.2. Drafting: This Agreement has been prepared by all parties and has been reviewed and endorsed by each. 3.3. Amendments: This Agreement may be amended only by the execution by all parties of a written amendment. 3.4. Jurisdiction and Venue: This Agreement shall be deemed an Agreement under the laws of the State of California and for all purposes shall be interpreted in accordance with such laws. All parties hereby agree and consent to the exclusive jurisdiction of the courts of the State of California and that the venue of any action brought hereunder shall be in Los Angeles County, California. 3.5. Non-assignment: No party may assign this Agreement, or any part thereof, without the written consent of each party to this Agreement. 3.6. Indemnity: Each respective CTC agrees to indemnify, defend and hold harmless SCAG and its officers, agents and employees from and against any and all claims, demands, costs, or liability arising from or connected with intentional or negligent acts, errors or omissions, any violations of law, or any violations of the terms and conditions of this Agreement (including non-compliance with the FTA Master Agreement and annual FTA Certifications and Assurances) attributable to performance of the responsibilities as set forth in this MOU by the CTC or its officers, agents, employees, contractors and subcontractors, except to the extent caused by the negligence or willful misconduct of SCAG. 175 Page 10 of 23 MOU No. M-015-13: Section 5337 Program Funds 3.7. Withdrawal and Termination: 1) Any party may withdraw from this Agreement upon thirty (30) days written notice to each party, provided that the notice of withdrawal sets forth the effective date of withdrawal and the reason for withdrawal. Additionally, the notice of withdrawal shall provide that the parties meet during the period prior to the effective date of withdrawal to try to resolve any dispute, if applicable. In the event that the withdrawal is for cause, the withdrawal shall not be effective if the party cures the default in its performance within the thirty (30) day period. 2) SCAG shall notify FTA of the withdrawal from this Agreement of any CTC and shall administer and sub-allocate Section 5337 Program funds to Direct Recipients providing FG and/or HIMB service, as applicable, within a county of such CTC that is not a party to this Agreement. 3) SCAG may terminate this Agreement at any time, upon thirty (30) days written notice to each party provided that the notice of termination sets forth the effective date of termination. Such termination clause may be invoked by SCAG in the following circumstances including but not limited to: in the event that the Section 5337 Program is no longer funded by Congress and the fund balances have been exhausted, or in the event that SCAG is no longer the designated recipient of Section 5337 Program funds for a UZA or UZAs identified herein. 3.8. Counterparts: This Agreement may be executed in counterparts, each of which shall be an original, but all of which shall constitute one instrument. 3.9. Contact List: The names and contact information for the grants administrator representing each party are identified in the Grants Administrator Contacts List, attached hereto and incorporated herein as Exhibit “B.” 3.10. Notice: Any notice or notices required or permitted to be given pursuant to this Agreement may be personally served on the other party by the party giving such notice, or may be served by certified mail, return receipt requested, to the names and addresses attached hereto and incorporated herein as Exhibit “C.” 176 Page 11 of 23 MOU No. M-015-13: Section 5337 Program Funds IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized representatives on the dates set forth below. The Southern California Association of Governments By: Date: Hasan Ikhrata Executive Director Approved as to Form: ___________________________ Date: ________________ Joanna Africa Chief Counsel 177 Page 12 of 23 MOU No. M-015-13: Section 5337 Program Funds San Bernardino Associated Governments By: Date: Raymond Wolfe Executive Director Approved as to Form: ___________________________ Date: ________________ Eileen Monaghan Teichert General Counsel 178 Page 13 of 23 MOU No. M-015-13: Section 5337 Program Funds Orange County Transportation Authority By: _____________________________ Date: _________________ Darrell Johnson Chief Executive Director Approved as to Form: _________________________________ Date: __________________ Legal Counsel 179 Page 14 of 23 MOU No. M-015-13: Section 5337 Program Funds Los Angeles County Metropolitan Transportation Authority By: ______________________________ Date: ___________________ Arthur T. Leahy Chief Executive Officer Approved as to Form: JOHN F. KRATTLI County Counsel By: _______________________________ Date: ____________________ Deputy 180 Page 15 of 23 MOU No. M-015-13: Section 5337 Program Funds Riverside County Transportation Commission: By: ____________________________________ Date: _____________________ Anne Mayer Executive Director Approved as to Form: __________________________________ Date: ____________________ Legal Counsel 181 Page 16 of 23 MOU No. M-015-13: Section 5337 Program Funds EXHIBIT A GRANT CERTIFICATION FORM Section 5337 State of Good Repair Grants Program (Section 5337 Program) This Grant Certification Form is required to be signed by all Direct Recipients of Section 5337 Program Funds, pursuant to the Memorandum of Understanding among the Southern California Association of Governments (SCAG) and County Transportation Commissions for the Section 5337 State of Good Repair Grants Program. 1. Definition of “Direct Recipient:” For purposes of administering the Section 5337 Program, “Direct Recipient” shall mean an eligible public entity identified by the County Transportation Commission (CTC) serving the county in which such public entity is located, to receive a sub-allocation of Section 5337 Program funds and that may apply directly to the Federal Transit Administration (FTA) for a grant award to implement eligible capital projects, contingent on meeting federal requirements and requirements set forth herein. 2. Applications and Grant Management Process: Direct Recipients are responsible for applying directly to FTA for a grant award from the Section 5337 Program to implement eligible capital projects, contingent on meeting federal requirements and requirements set forth herein. Direct Recipients are further responsible for preparing, submitting and managing all of their grant applications in FTA’s Transportation Electronic Award Management web-based (TEAM-Web) system. 3. Grant Requirements: The responsibilities of Direct Recipients include, but are not limited to, the following: a) FTA Master Agreement: Each Direct Recipient agrees to comply in the same capacity as the “Recipient” with applicable terms and conditions of the FTA Master Agreement, FTA MA (19) dated October 1, 2012 (www.fta.dot.gov/documents/19-Master.pdf) and any agreement which supersedes and replaces it. b) Annual FTA Certifications and Assurances: The Direct Recipient agrees to sign the Federal Fiscal Year (FFY) 2013 FTA Certifications and Assurances, attached hereto and incorporated herein as Attachment “A-1.” Each Direct Recipient certifies in the same capacity as the “Applicant” that it shall comply with the applicable annual FTA Certifications and Assurances (published annually in the Federal Register). Upon publication of the FFY 2014 FTA Certifications and Assurances, and for each additional FFY for which Congress authorizes and appropriates Section 5337 Program funds, each Direct Recipient shall sign and submit a copy of such form to SCAG prior to applying for any of such funds. c) Documentation: Each Direct Recipient shall submit to SCAG any documentation reasonably requested by SCAG to assure the validity of all above-referenced FTA Certifications and Assurances. d) Transit Asset Management Plans: Each Direct Recipient shall agree to the following: i. It will develop a Transit Asset Management Plan that complies with: 1. 49 U.S.C. Section 5326 et seq. and Section 5337(a)(4), as amended by MAP-21; 2. Federal regulations pertaining to the National Transit Asset Management System required to be issued by 49 U.S.C. Section 5326(d), as amended by MAP-21; 182 Page 17 of 23 MOU No. M-015-13: Section 5337 Program Funds 3. Performance Measures and Targets required to be issued by 49 U.S.C. Section 5326(c)(1); and 4. Other applicable Federal laws and regulations; ii. It will develop a Transit Asset Management Plan that is consistent with Federal guidance developed or to be developed to implement 49 USC Section 5326, as amended by MAP-21. iii. It will provide progress and performance reports as required by 49 U.S.C. Section 5326(c)(3), as amended by MAP-21. iv. Transit Asset Management Plans shall at minimum include capital asset inventories and condition assessments, and investment prioritization. Direct Recipients shall further report on the condition of their system and any change in condition since the last report and submit such reports into the FTA’s National Transit Database (NTD). The Direct Recipient shall submit to SCAG performance measures and targets adopted as part of such plans, and any other related documentation requested by SCAG. e) Reports: Upon submittal to or approval by FTA, as applicable, Direct Recipients shall submit to SCAG copies of the following documents and reports: i. Approved Grant Applications, Budget Revisions and Amendments; ii. Supplemental Agreements and Amendments; iii. Quarterly Milestones/Progress Reports submitted into FTA’s TEAM-Web system during the current FFY; iv. Federal Financial Reports submitted into FTA’s TEAM-Web system during the current FFY; v. Disadvantaged Business Enterprise (DBE) reports and all other reports and documentation required by FTA; vi. Final/Close-out Reports submitted to FTA; and vii. Any other documents or reports requested by FTA or SCAG, including information which enables SCAG to track 5337 Program funding balances in UZAs for which it is the Designated Recipient. f) Invoices: Upon approval of grant applications by FTA and commencement of approved projects under the Section 5337 Program, Direct Recipients shall submit invoices to FTA for reimbursement of incurred eligible and allowable costs. Costs shall comply with all Section 5337 Program requirements, applicable Federal cost principles and other related requirements and shall serve as the only costs eligible for reimbursement by FTA. Direct Recipients shall draw- down grant funds via FTA’s Electronic Clearing House Operation (ECHO-Web) System on a reimbursement basis upon approval by FTA of a Direct Recipient’s invoice. g) Supplemental Agreements: Direct Recipients that sub-allocate Section 5337 Program funds shall comply with FTA’s requirement for a Supplemental Agreement to be pinned to the grant in TEAM- Web system prior to grant execution. 4. Sub-allocations Process: The Direct Recipient hereby understands and agrees that it shall execute and submit to SCAG, in advance of submitting a grant application for Section 5337 Program funds to FTA and no later than fifteen (15) days after receiving a Notice of Sub-allocations from the CTC serving the county in which the Direct Recipient is located, this Grant Certification Form and the FFY 2013 FTA Certifications and Assurances, signed by the duly authorized representative of the Direct Recipient. Upon publication of the FFY 2014 FTA Certifications and Assurances, and for each additional FFY for which Congress authorizes and appropriates Section 5337 Program funds, each Direct Recipient shall sign and submit a copy to SCAG of the applicable FTA Certifications and Assurances form, prior to applying for such funds. SCAG shall not allocate and the CTCs shall not sub-allocate, as applicable, any Section 5337 Program 183 Page 18 of 23 MOU No. M-015-13: Section 5337 Program Funds funds to a Direct Recipient who has not executed a Grant Certification Form and applicable FTA Certifications and Assurances form. 5. Opt-Out Option: In the event an eligible Direct Recipient, excluding a CTC who is a Direct Recipient, elects not to apply for Section 5337 Program funds and does not execute the Grant Certification Form, the Direct Recipient may elect to sign and return the attached Opt-Out Form, attached hereto and incorporated herein as Attachment “A-2.” A Direct Recipient that elects to opt-out, as described herein, shall sign and return to SCAG’s Grants Administrator the attached Opt-Out Form within thirty (30) days of receiving the Notice of Sub-Allocations from the CTC serving the county in which the Direct Recipient is located. Upon receipt by SCAG of the Opt-Out Form signed by a Direct Recipient’s duly authorized representative or upon the lapse of the 30-day notification period, SCAG and the respective CTC shall initiate the process to sub-allocate the Section 5337 Program funds among other Direct Recipients that provide fixed guideway and/or high intensity motorbus service within the SCAG regional boundaries and according to the statutory formulas set forth under 49 U.S.C. Section 5337, as applicable and as amended from time to time. 6. Indemnity: The Direct Recipient agrees to indemnify, defend and hold harmless SCAG and its respective officers, agents and employees from and against any and all claims, demands, costs, or liability arising from or connected with intentional or negligent acts, errors or omissions, any violations of law, or any violations of the terms and conditions of this Certification Form (including non-compliance with the FTA Master Agreement and annual FTA Certifications and Assurances) attributable to performance of the responsibilities as set forth herein by the Direct Recipient or its officers, agents, employees, contractors and subcontractors, except to the extent caused by the negligence or willful misconduct of SCAG. BY SIGNING BELOW, on behalf of the Direct Recipient, I declare under penalty of perjury that the Direct Recipient has duly authorized me to sign this Grant Certification Form, and bind the recipient’s compliance. Thus, the Direct Recipient agrees to comply with all requirements set forth herein. Signature of Authorized Representative ____________________________ ______ Name Date _____________________________ Name of Direct Recipient ______________________________ Address Return Form To: Alfonso Hernandez, SCAG Grants Administrator 818 W. 7th Street, 12th Floor Los Angeles, CA 90017 hernande@scag.ca.gov 184 Page 19 of 23 MOU No. M-015-13: Section 5337 Program Funds ATTACHMENT A-1 FEDERAL FISCAL YEAR 2013 CERTIFICATIONS AND ASSURANCES FOR FEDERAL TRANSITADMINISTRATION ASSISTANCE PROGRAMS Name of Applicant: The Applicant agrees to comply with applicable provisions of Groups 01 – 24. OR The Applicant agrees to comply with applicable provisions of the Groups it has selected: Group Description 1. Required Certifications and Assurances for Each Applicant. _______ 2. Lobbying. _______ 3. Private Sector Protections. _______ 4. Procurement and Procurement System. _______ 5. Rolling Stock Reviews and Bus Testing. _______ 6. Demand Responsive Service. _______ 7. Intelligent Transportation Systems. _______ 8. Interest and Finance Costs and Leasing Costs. _______ 9. Transit Asset Management and Agency Safety Plans. _______ 10. Alcohol and Controlled Substances Testing. _______ 11. Fixed Guideway Capital Investment Program (New Starts, Small Starts, and Core Capacity) and Capital Investment Program in Effect before MAP-21. _______ 12. State of Good Repair Program. _______ 13. Bus/Bus Facilities Programs. _______ 14. Urbanized Area Formula Programs and Job Access and Reverse Commute (JARC) Program. _______ 15. Seniors/Elderly/Individuals with Disabilities Programs and New Freedom Program. _______ 16. Rural/Other Than Urbanized Areas/Appalachian Development/Over-the-Road Bus Accessibility Programs. _______ 17. Public Transportation on Indian Reservations and “Tribal Transit Programs.” _______ 18. Low or No Emission/Clean Fuels Grant Programs. _______ 19. Paul S Sarbanes Transit in Parks Program. _______ 20. State Safety Oversight Program. _______ 21. Public Transportation Emergency Relief Program. _______ 22. Expedited Project Delivery Pilot Program. _______ 23. Infrastructure Finance Programs. _______ 185 Page 20 of 23 MOU No. M-015-13: Section 5337 Program Funds FEDERAL FISCAL YEAR 2013 FTA CERTIFICATIONS AND ASSURANCES SIGNATURE PAGE (Required of all Applicants for FTA funding and all FTA Grantees with an active Capital or Formula Project) AFFIRMATION OF APPLICANT Name of Applicant: Name and Relationship of Authorized Representative: BY SIGNING BELOW, on behalf of the Applicant, I declare that the Applicant has duly authorized me to make these Certifications and Assurances and bind the Applicant’s compliance. Thus, the Applicant agrees to comply with all Federal statutes and regulations, and follow applicable Federal guidance, and comply with the Certifications and Assurances as indicated on the foregoing page applicable to each application its authorized representative makes to the Federal Transit Administration (FTA) in Federal Fiscal Year 2013, irrespective of whether the individual that acted on its Applicant’s behalf continues to represent the Applicant. FTA intends that the Certifications and Assurances the Applicant selects on the other side of this document should apply, as provided, to each Project for which the Applicant seeks now, or may later seek FTA funding during Federal Fiscal Year 2013. The Applicant affirms the truthfulness and accuracy of the Certifications and Assurances it has selected in the statements submitted with this document and any other submission made to FTA, and acknowledges that the Program Fraud Civil Remedies Act of 1986, 31 U.S.C. 3801 et seq., and implementing U.S. DOT regulations, “Program Fraud Civil Remedies,” 49 CFR part 31, apply to any certification, assurance or submission made to FTA. The criminal provisions of 18 U.S.C. 1001 apply to any certification, assurance, or submission made in connection with a Federal public transportation program authorized by 49 U.S.C. chapter 53 or any other statute In signing this document, I declare under penalties of perjury that the foregoing Certifications and Assurances, and any other statements made by me on behalf of the Applicant are true and accurate. Signature: Date: Full Name: Authorized Representative of Applicant: AFFIRMATION OF APPLICANT’S ATTORNEY For (Name of Applicant): As the undersigned Attorney for the above named Applicant, I hereby affirm to the Applicant that it has authority under State, local, or tribal government law, as applicable, to make and comply with the Certifications and Assurances as indicated on the foregoing pages. I further affirm that, in my opinion, the Certifications and Assurances have been legally made and constitute legal and binding obligations on the Applicant. I further affirm to the Applicant that, to the best of my knowledge, there is no legislation or litigation pending or imminent that might adversely affect the validity of these Certifications and Assurances, or of the performance of its FTA Project or Projects. Signature: Date: Full Name: Attorney for Applicant: Each Applicant for FTA funding and each FTA Grantee with an active Capital or Formula Project must provide an Affirmation of Applicant’s Attorney pertaining to the Applicant’s legal capacity. The Applicant may enter its signature in lieu of the Attorney’s signature, provided the Applicant has on file this Affir mation, signed by the attorney and dated this Federal fiscal year. 186 Page 21 of 23 MOU No. M-015-13: Section 5337 Program Funds ATTACHMENT A-2 Opt-Out Form Name of Eligible Direct Recipient (Public Entity): __________________________________ The Public Entity named above hereby elects not to sign the Grant Certification Form required under the Memorandum of Understanding among the Southern California Association of Governments (SCAG) and County Transportation Commissions (CTCs) for the Section 5337 State of Good Repair Grants Program. The Public Entity understands and agrees that SCAG shall not be obligated to allocate and that the County Transportation Commission (CTC), serving the county in which the Public Entity is located, shall not be obligated to sub-allocate Section 5337 Program funds to any entity which elects not to sign the Grant Certification Form. Such Public Entity that elects to Opt-Out shall sign and return this Opt-Out Form to SCAG’s Grants Administrator within thirty (30) days of receiving notification from the respective CTC of the Direct Recipients’ sub-allocation amount(s) (“Notice of “Sub-allocations”). The Public Entity agrees and understands that SCAG will initiate, upon receipt of this Opt-Out Form signed by the duly authorized representative of the Public Entity or upon the lapse of the 30-day notification period set forth above (whichever occurs first), the process to sub-allocate the Section 5337 Program funds among other Direct Recipients that provide fixed guideway and/or high intensity motorbus service within the SCAG regional boundaries and according to the statutory formulas set forth under 49 U.S.C.Section 5337, as applicable and as amended from time to time. ______________________________________________ Signature of Authorized Representative Date _____________________________ Name _____________________________ Name of Public Entity ______________________________ Address Any Eligible Direct Recipient that elects to opt-out of receiving 5337 Program Funds shall sign and return this Opt- Out Form to SCAG’s Grants Administrator at the following address within thirty (30) days of receiving the Notice of Sub-allocations: Alfonso Hernandez, SCAG Grants Administrator 818 W. 7th Street, 12th Floor Los Angeles, CA 90017 hernande@scag.ca.gov 187 Page 22 of 23 MOU No. M-015-13: Section 5337 Program Funds Exhibit B Grants Administrator Contacts List The Southern California Association of Governments Full Name: Alfonso Hernandez Title/Dept: Senior Budget and Grants Analyst, Finance Agency: Southern California Association of Governments (SCAG) Mailing Street Address: 818 W. 7th Street, 12th Floor City, State and Zip Code: Los Angeles, CA 90017 Phone: 213-236-1897 Email: hernande@scag.ca.gov Los Angeles County Metropolitan Transportation Authority Full Name: Frank Flores Title/Dept: Executive Officer, Countywide Planning Agency: LA County MTA Mailing Street Address: 1 Gateway Plaza City, State and Zip Code: Los Angeles, CA 90012 Phone: 213-922-2456 Mobile: 213-999-1443 Email: floresf@metro.net Orange County Transportation Authority Full Name: William J. Dineen Jr Title/Dept: Principal Financial Analyst, Grants Management Agency: Orange County Transportation Authority Mailing Street Address: 550 S. Main Street City, State and Zip Code: Orange, CA 92863 Phone: 714-560-5917 Email: wdineen@octa.net Riverside County Transportation Commission: Full Name: Josefina Clemente Title/Dept: Transit Program Manager Agency: Riverside County Transportation Commission Mailing Street Address: 4080 Lemon Street, 3rd Floor City, State and Zip Code: Riverside, CA 92501 Phone: 951-787-7141 Email: jclemente@rctc.org San Bernardino Associated Governments Full Name: Vanessa Jezik Title/Dept: Transportation Analyst Agency: San Bernardino Associated Governments Mailing Street Address: 1170 W. 3rd Street, 2nd Floor City, State and Zip Code: San Bernardino, CA 92410-1715 Phone: 909-884-8276 Email: vjezik@sanbag.ca.gov 188 Page 23 of 23 MOU No. M-015-13: Section 5337 Program Funds Exhibit C Notices Mr. Hasan Ikhrata Executive Director Southern California Association of Governments 818 West 7th Street, 12th Floor Los Angeles, CA 90017-3435 Mr. Arthur T. Leahy Chief Executive Officer Los Angeles County Metropolitan Transportation Authority One Gateway Plaza Los Angeles, CA 90012-2952 Mr. Darrell Johnson Chief Executive Officer Orange County Transportation Authority 550 South Main St. P.O. Box 14184 Orange, CA 92863-1584 Ms. Anne Mayer Executive Director Riverside County Transportation Commission 4080 Lemon Street, 3rd Floor Riverside, CA 92501 Mr. Raymond Wolfe Executive Director San Bernardino Associated Governments 1170 W. 3rd Street, 2nd Floor San Bernardino, CA 92410-1715 189 Page 1 of 26 MOU No. M-016-13: Section 5339 Program Funds MEMORANDUM OF UNDERSTANDING (MOU) AMONG THE SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS AND COUNTY TRANSPORTATION COMMISSIONS FOR THE SECTION 5339 BUS AND BUS FACILITIES FORMULA GRANTS PROGRAM (MOU No. M-016-13) RECITALS WHEREAS, the Southern California Association of Governments (SCAG) is a joint powers agency formed pursuant to Title 1, Division 7, Chapter 5 of the California Government Code (Section 6500 et seq.) and is the Metropolitan Planning Organization (MPO) recognized under 23 United States Code (U.S.C.) Section 134 and 49 U.S.C. Section 5303; WHEREAS, SCAG is responsible for developing Regional Transportation Plans and Federal Transportation Improvement Programs (FTIPs), pursuant to 23 U.S.C. Section 134 et seq., 49 U.S.C. Section 5303 et seq., California Government Code Section 65080 et seq., and California Public Utilities Code Section 130300 et seq., and applicable regulations and guidance; WHEREAS, SCAG is the Designated Recipient (as defined in 49 U.S.C Section 5302(4)) of Federal Transit Administration (FTA) Urbanized Area Formula Grants under 49 U.S.C. Section 5307 (Section 5307 Program) for the following large urbanized areas (UZAs) with populations of 200,000 or more (according to the latest U.S. Census) in the SCAG region: Los Angeles- Long Beach-Anaheim (UZA 2), Riverside-San Bernardino (UZA 22), Indio-Cathedral City (UZA 111), Santa Clarita (UZA 146), Murrieta-Temecula-Menifee (UZA 87), and Lancaster-Palmdale (UZA 112); WHEREAS, the Orange County Transportation Authority (OCTA), the Los Angeles County Metropolitan Transportation Authority (Metro), the San Bernardino Associated Governments (SANBAG) acting in its capacity as the San Bernardino County Transportation Commission, and the Riverside County Transportation Commission (RCTC) (referred to individually herein as a “CTC” and collectively as “CTCs”) are responsible for developing short-range Transportation Improvement Programs (TIPs) for their respective counties in coordination with SCAG and the municipal transit operators (pursuant to California Public Utilities Code Section 130303 et seq.), and for submitting their TIPs to SCAG for recommended inclusion in the FTIP; WHEREAS, pursuant to the new two-year transportation reauthorization bill that was signed into law on July 6, 2012, the Moving Ahead for Progress in the 21st Century Act (MAP-21; P.L. 112-141), funding is authorized for the 49 U.S.C Section 5339 Bus and Bus Facilities Formula Grants Program (Section 5339 Program); WHEREAS, the Federal Fiscal Year (FFY) is the accounting period for the federal government which begins on October 1 and ends on September 30; WHEREAS, MAP-21 authorizes funding for the Section 5339 Program for FFY 2012/2013 and FFY 2013/14 for capital projects to replace, rehabilitate, and purchase buses and related equipment, as well as to construct bus-related facilities; ATTACHMENT 2 190 Page 2 of 26 MOU No. M-016-13: Section 5339 Program Funds WHEREAS, the Section 5339 Program replaces the FTA Bus and Bus Facilities discretionary grants program previously under 49 U.S.C. Section 5309(b)(3); WHEREAS, FTA guidance specifies that the Designated Recipient of Section 5339 Program funds for large UZAs shall be the same as the Designated Recipient of Section 5307 Program funds for such areas; WHEREAS, SCAG, as the Designated Recipient of Section 5307 funds is also the Designated Recipient of 5339 Program funds for large UZAs identified herein within the SCAG region, and must apply to FTA on behalf of eligible Subrecipients for allocations of Section 5339 Program funds; WHEREAS, SCAG is further responsible for administering Section 5339 Program funds allocated to Subrecipients; WHEREAS, the CTCs are responsible for identifying any and all eligible Subrecipients of Section 5339 Program funds; WHEREAS, the CTCs are further responsible for sub-allocating Section 5339 Program funds among eligible Subrecipients identified by the CTCs within their respective counties consistent with the Section 5339 Program formula, and notifying SCAG and Subecipients of such sub- allocations and changes to such sub-allocations; WHEREAS, CTCs and all other Subrecipients of Section 5339 Program funds are responsible for compliance with all applicable grant requirements set forth in the FTA Master Agreement and annual FTA Certifications and Assurances; WHEREAS, all references to “days” shall mean calendar days, unless otherwise specified, in notification periods set forth herein; and WHEREAS, this Memorandum of Understanding (“MOU” or “Agreement”) is entered into by SCAG and the CTCs (collectively referred to herein as the “Parties”) in order to clarify the roles and responsibilities of the Parties with regard to implementation of the Section 5339 Program. NOW, THEREFORE, THE PARTIES HEREBY MUTUALLY AGREE AS FOLLOWS: 1. Incorporation of Recitals 1.1. The foregoing Recitals are hereby incorporated into and made part of this Agreement. 2. Roles and Responsibilities 2.1. Role and Responsibilities of SCAG 1) County and Inter-county Allocations: SCAG shall prepare the allocations of Section 5339 Program funds apportioned by FTA for large UZAs identified herein that do not expand over more than one county, and the inter-county allocations of 191 Page 3 of 26 MOU No. M-016-13: Section 5339 Program Funds Section 5339 Program funds apportioned by FTA for large UZAs identified herein that expand over more than one county (County and Inter-county Allocations). The County and Inter-county Allocations shall be based on the corresponding shares of the UZA’s total bus vehicle revenue miles and passenger miles, respectively, consistent with the formula set forth in subparagraphs (c)(1) and (c)(2) of 49 U.S.C Section 5336 used by FTA to apportion Section 5339 Program funds to large UZAs. SCAG shall prepare such allocations pursuant to the following process: a. SCAG shall provide to the CTCs a “Notice of Proposed County and Inter- County Allocations” for a thirty (30)-day review and comment period. b. Upon closure of the review and comment period, SCAG shall consider any requested revisions and comments received and make revisions as appropriate, then shall issue a “Notice of Final County and Inter-County Allocations.” 2) Grant Certification and Opt-Out Forms: SCAG shall include with the Notice of Final County and Inter-County Allocations to the CTCs, the “Grant Certification Form,” attached hereto and incorporated herein as Exhibit “A.” The Grant Certification Form includes as attachments, the FTA Certifications and Assurances (Attachment A-1) in addition to the Opt-Out Form (Attachment A-2) as described in Section 2.3, paragraphs 9 and 10. SCAG shall include Instructions with such forms. Each CTC shall be responsible for distributing to and coordinating signatures by the Subrecipients identified by the CTC in their respective county, of either the Grant Certification Form or Opt-Out Form. SCAG shall receive either the Grant Certification Form or Opt-Out Form signed by each eligible Subrecipient identified by the CTC in their respective county prior to submittal of a grant application by SCAG for Section 5339 Program Funds. In no event shall SCAG submit a grant application for such funds in a county for which SCAG has not received all required documentation as set forth below in paragraph 5 of this Section 2.1. 3) Notify FTA of Sub-Allocations: Upon receipt of the Notices of Sub-allocations from the CTCs as set forth in paragraph 2 of Section 2.2 of this Agreement, SCAG shall transmit “funding split” letters notifying FTA of the sub-allocations of 5339 Program funds to Subrecipients in UZAs identified herein. 4) Applications Process: SCAG shall issue a “Call for Applications” at least biannually setting forth the application process and deadline for Subrecipients to submit Section 5339 Program grant applications to SCAG. SCAG shall combine and submit Subrecipient grant applications received by such deadline into FTA’s Electronic Grant Management system. Furthermore, SCAG shall be responsible for the following grant management duties: a. Submitting Quarterly Milestones/Progress Reports and Federal Financial Reports to FTA; 192 Page 4 of 26 MOU No. M-016-13: Section 5339 Program Funds b. Submitting Final/Close-out Reports to FTA; c. Drawing-down grant funds on a reimbursement-basis, upon receipt and approval of a Subrecipient’s invoice, via FTA’s Electronic Clearing House Operation (ECHO) System; and d. Paying Subrecipients’ approved invoices pursuant to Section 2.3, paragraph 5, of this Agreement. 5) Upon receipt of grant applications submitted to SCAG by the applicable deadline (set forth in SCAG’s Call for Applications), SCAG shall submit grant applications directly to FTA, contingent upon SCAG’s receipt of the following required documentation: a. This Agreement fully executed by the Parties; b. The Grant Certification Form (Exhibit A) signed by the Subrecipient’s duly authorized representative; c. The FFY 2013 FTA Certifications and Assurances (Attachment A-1), attached to the Grant Certification Form or subsequent annual FTA Certifications and Assurances (published in the Federal Register), as applicable, signed by the Subrecipient’s duly authorized representative and its attorney; and d. Any further documentation requested by SCAG or FTA to ensure compliance with the grant requirements. 6) Grant Tracking at UZA Levels: SCAG shall track grant activity of Section 5339 Program funds at UZA levels and share the balances with the Subrecipients, CTCs, and FTA upon request or as needed, but not less frequently than once per quarter of the FFY. 2.2. Role and Responsibilities of the CTCs 1) Review of Proposed County and Inter-County Allocations: Upon receipt from SCAG of the Notice of Proposed County and Inter-County Allocations, each CTC shall review and provide comments to SCAG as needed within thirty (30) days. 2) Sub-Allocations: Each CTC shall identify eligible Subrecipients of Section 5339 Program funds within their respective counties and shall sub-allocate funds based on the corresponding shares of the UZA’s total bus vehicle revenue miles and passenger miles, respectively, consistent with the formula set forth in subparagraphs (c)(1) and (c)(2) of 49 U.S.C Section 5336 used by FTA to apportion Section 5339 Program funds to large UZAs, pursuant to the following process: a. Each CTC shall provide a “Notice of Sub-allocations” to SCAG and to all Subrecipients in its county, within thirty (30) days of receiving the Notice of 193 Page 5 of 26 MOU No. M-016-13: Section 5339 Program Funds Final County and Inter-County Allocations from SCAG. The Notice of Sub- allocations shall include but is not limited to the following information, and all available funds shall be sub-allocated (without a remaining balance): i. Full name of the Subrecipient, ii. Dollar amounts of sub-allocations to each Subrecipient, iii. FFY of funding sub-allocations, and iv. Any other information requested by FTA. b. Each CTC shall be responsible for coordinating and obtaining signed Certification Forms or Opt-Out Forms as described in Section 2.1, paragraph 2, of this Agreement, from all eligible Subrecipients identified by the CTC in its respective county, and ensuring that such forms are submitted to SCAG prior to SCAG’s submittal of the grant applications. 3) Funding Exchanges: The CTCs shall be responsible for managing and approving any exchanges of such funds with other federal, state, and/or local funds within the same UZA, in accordance with applicable federal, state and/or local requirements. Each CTC shall further notify SCAG of any and all revised sub-allocations within fifteen (15) days from the date of such revisions, to reflect any funding exchanges or in the event that any identified eligible Subrecipient opts-out of receiving its sub-allocation pursuant to Section 2.3, paragraph 10. Each CTC further agrees to provide SCAG with documentation of any exchanges of funds, upon request of SCAG or FTA. 4) Short-range Programming: The CTCs shall be responsible for programming eligible projects in their short-range TIPs that are submitted to SCAG for recommended inclusion in the FTIP. 2.3. Role and Responsibilities of Subrecipients 1) Definition of “Subrecipient:” For purposes of this Agreement, “Subrecipient” shall mean an eligible public agency or private nonprofit organization engaged in public transportation and identified by the CTC serving the county in which such public entity or nonprofit organization is located, to receive a sub-allocation of Section 5339 Program funds awarded by FTA, contingent upon meeting federal requirements and requirements set forth in this Section 2.3. “Subrecipients” may include CTCs. All Subrecipients shall agree to submit grant applications for this program to SCAG in accordance with the Call for Applications process established by SCAG. 2) CTC Certifications and Assurances: A CTC which applies for Section 5339 Funds shall also be considered a “Subrecipient” for purposes of this Agreement, and by signing this Agreement such CTC hereby agrees to accept responsibilities and comply with the requirements stated in this Agreement 194 Page 6 of 26 MOU No. M-016-13: Section 5339 Program Funds including but not limited to this Section 2.3. Each CTC understands and agrees that it shall not be entitled to elect the Opt-Out option set forth under paragraph 10 of this Section 2.3. 3) Applications and Grant Management Process: Subrecipients are responsible for submitting grant applications through SCAG’s Call for Applications process to receive Section 5339 Program funds awarded by FTA to implement eligible, capital projects, contingent upon meeting federal requirements and requirements set forth in this Section 2.3. Subrecipients shall not submit grant applications on behalf of sub-tier recipients. All grant applications for projects eligible for funding as described herein, must be submitted by Subrecipients through SCAG’s Call for Applications process. All requested revisions or amendments to approved applications must be submitted to SCAG. 4) Grant Requirements: The responsibilities of Subrecipients include, but are not limited to, the following: a. FTA Master Agreement: Each Subrecipient agrees to comply in the same capacity as the “Recipient” with applicable terms and conditions of the FTA Master Agreement, FTA MA (19) dated October 1, 2012 (www.fta.dot.gov/documents/19-Master.pdf) and any agreement which supersedes and replaces it. b. Annual FTA Certifications and Assurances: By signing the FFY 2013 FTA Certifications and Assurances, attached hereto and incorporated herein as Attachment A-1, each Subrecipient certifies in the same capacity as the “Applicant” that it shall comply with the applicable annual FTA Certifications and Assurances (published annually in the Federal Register). Upon publication of the FFY 2014 FTA Certifications and Assurances form, and for each additional FFY for which Congress authorizes and appropriates Section 5339 Program funds, each Subrecipient shall sign and submit a copy of such form to SCAG prior to applying for any of such funds. c. Documentation: Each Subrecipient shall submit to SCAG any documentation reasonably requested by SCAG to assure the validity of all above-referenced Certifications and Assurances. d. Transit Asset Management Plans: Each Subrecipient shall agree to the following: i. It will develop a Transit Asset Management Plan that complies with: a) 49 U.S.C. Section 5326 et seq., as amended by MAP-21; b) Federal regulations pertaining to the National Transit Asset Management System required to be issued by 49 U.S.C. Section 5326(d), as amended by MAP-21; 195 Page 7 of 26 MOU No. M-016-13: Section 5339 Program Funds c) Performance Measures required to be issued by 49 U.S.C. Section 5326(c)(1) and Targets per 49 U.S.C. Section 5326(c)(2); and d) Other applicable federal laws and regulations ii. It will develop a Transit Asset Management Plan that is consistent with Federal guidance developed or to be developed to implement 49 USC Section 5326, as amended by MAP-21. iii. It will provide progress and performance reports to SCAG to enable compliance with the requirements of 49 U.S.C. Section 5326(c)(3), as amended by MAP-21. iv. Transit Asset Management Plans shall at minimum include capital asset inventories and condition assessments, and investment prioritization. Subrecipients shall further report on the condition of their system and any change in condition since the last report and submit such reports into the FTA’s National Transit Database (NTD). The Subrecipient shall submit to SCAG performance measures and targets adopted as part of such plans, and any other related documentation requested by SCAG. 5) Invoices: Upon approval of SCAG’s grant applications by FTA and commencement of approved projects under the Section 5339 Program, Subrecipients shall submit invoices to SCAG for reimbursement of incurred, eligible and allowable grant program costs. Such costs shall comply with all applicable federal cost principles and other related requirements, and shall serve as the only costs eligible for reimbursement by SCAG. Upon approval of invoices by SCAG, SCAG shall draw-down funds from FTA’s ECHO System, and shall pay the Subrecipient upon receipt of payment by FTA. a. Invoices shall comply with the Invoice Format included in SCAG’s Call for Applications package. The required, local match (20%) shall be deducted by the Subrecipient and reflected in each Invoice. The Authorized Representative of each Subrecipient agrees to sign the Match Certification Statement on each Invoice. All invoices shall be submitted at least quarterly and no more frequently than monthly, and contain the following information: i. Name of Subrecipient expending the Section 5339 Program funds; ii. UZA name and number for which the project funds are being reported; iii. A listing of the FTA grant number(s) being reported, with their respective project budget line item (ALI Codes), project category, approved FTA amount, and description of the funded projects; iv. Invoice period and corresponding Progress Report in narrative format; 196 Page 8 of 26 MOU No. M-016-13: Section 5339 Program Funds v. Explanation if there is no activity; and vi. All back-up documentation to support the costs and local match stated in each Invoice must be attached to each Invoice, and additional documentation regarding costs or local match shall be provided to SCAG upon request. b. Indirect Costs: For reimbursement of indirect costs, Subrecipients shall not be entitled to reimbursement of indirect costs unless a copy of an applicable, indirect cost plan (ICAP) approved by a cognizant agency, has been received by SCAG. However, the last approved ICAP shall remain in place until each new annual plan is approved, so long as such practice is allowed under applicable federal and state requirements. Subrecipients shall submit a copy of such ICAP to SCAG prior to the submittal of the first Invoice of each Federal Fiscal Year. c. All invoices shall be submitted by Subrecipients to the following email address: AccountsPayable@scag.ca.gov. d. SCAG shall maintain final approval authority of invoices submitted under this Agreement. 6) Quarterly Reports: Each Subrecipient shall submit Quarterly Reports to SCAG in a Quarterly Report Format to be provided by SCAG and which at minimum shall contain the following information, and any additional information as may be required by SCAG or FTA: a. Name of Subrecipient expending the Section 5339 Program funds; b. UZA name and number for which the funds are being reported; c. A listing of the FTA grant number(s) being reported, with their respective project budget line item (ALI Codes), project category, approved FTA amount, and description of the funded projects; and d. Federal Fiscal Year (FFY) Quarterly Milestones/Progress Reports in a narrative format. Quarterly Reports shall be submitted no later than fifteen (15) days after each FFY quarter has ended, to the attention of SCAG’s Grants Administrator (Alfonso Hernandez or other person identified by SCAG). SCAG shall promptly notify the Parties in the event of a change in the person identified in this paragraph as the recipient of the Quarterly Reports. 7) Audits: In accordance with the FTA Master Agreement and applicable federal law and regulations, Subrecipients agree to retain and require its contractors and other third party participants to retain complete and readily accessible records related in whole or part to the Section 5339 Program (“Records”). Records 197 Page 9 of 26 MOU No. M-016-13: Section 5339 Program Funds required to be retained include but are not limited to data, documents, reports, statistics, leases, third party contracts or agreements, arrangements, and other supporting materials related to those records. a. Subrecipients shall retain Records for the period required under the FTA Master Agreement, and shall make the Records available for inspection and audit by representatives of SCAG, the State, or the Federal Government upon request. Copies of the Records shall be made and furnished to SCAG upon request at no cost to SCAG. b. Any costs for which a Subecipient receives payment that is determined by a subsequent audit or other review by SCAG, State or Federal authorities to be unallowable under, but not limited to, OMB Circular A-87; 48 CFR, Chapter 1, Part 31; or 49 CFR, Part 18, and earned interest due, are to be repaid by the Subrecipient within thirty (30) days of such Subrecipient receiving notice of audit findings and a written demand for reimbursement from SCAG. Should the Subecipient fail to reimburse unallowable costs and interest due SCAG within thirty (30) days of demand, or within such other period as may be agreed between both parties hereto, SCAG is authorized to withhold future payments due to the Subrecipient. 8) Reports and Forms: Upon approval of grant applications by FTA, as applicable, Subrecipients shall submit to SCAG the following reports and forms which relate to the Section 5339 Program: a. Quarterly Milestones/Progress Reports during the current FFY; b. Disadvantaged Business Enterprise (DBE) reports and all other reports and documentation required by FTA; c. Final/Close-out Reports; d. IRS W -9 Form; e. Banking information which includes name of the financial institute, ACH routing number, and account number; and f. Any other documents or reports requested by FTA or SCAG. 9) Grant Certification Form: Each Subrecipient, excluding a CTC who is a Subrecipient, shall execute and submit to SCAG, in advance of submitting a grant application for Section 5339 Program funds to SCAG and no later than fifteen (15) days after receiving a Notice of Sub-allocations from the CTC a signed Grant Certification Form (Exhibit A) including a signed FFY 2013 FTA Certifications and Assurances (Attachment A-1). Upon publication of the FFY 2014 FTA Certifications and Assurances, and for each additional FFY for which Congress authorizes and appropriates Section 5339 Program funds, each Subrecipient shall sign and submit a copy to SCAG of the applicable FTA Certifications and Assurances form, prior to applying for such funds. SCAG shall 198 Page 10 of 26 MOU No. M-016-13: Section 5339 Program Funds not allocate and the CTCs shall not sub-allocate, as applicable, any Section 5339 Program funds to a Subrecipient who has not executed a Grant Certification Form and applicable FTA Certifications and Assurances form. 10) Opt-Out Option: In the event an eligible Subrecipient, excluding a CTC who is a Subrecipient, elects not to apply for Section 5339 Program funds and does not execute the Grant Certification Form described in paragraph 9 of this Section 2.3, the Subrecipient shall sign and return the Opt-Out Form (Attachment A-2). A Subrecipient that elects to opt-out, as described herein, shall sign and return to SCAG’s Grants Administrator the required Opt-Out Form within thirty (30) days of receiving the Notice of Sub-Allocations from the CTC serving the county in which the Subrecipient is located. Upon receipt by SCAG of the Opt-Out Form signed by a Subrecipient’s duly authorized representative or upon the lapse of the thirty (30)-day notification period, the respective CTC shall initiate the process to sub- allocate the applicable Section 5339 Program funds among other eligible Subrecipients within its regional boundaries consistent with the statutory formulas set forth subparagraphs (c)(1) and (c)(2) of 49 U.S.C Section 5336 used by FTA to apportion Section 5339 Program funds to large UZAs and based on the corresponding shares of the total bus vehicle revenue miles and passenger miles of other eligible Subrecipients within the CTC’s boundaries, respectively, as applicable and as amended from time to time. In any event, this Agreement shall remain fully binding and enforceable among the signatory parties. 3. General Provisions 3.1. Term of Agreement: This Agreement shall commence on the Effective Date of the Agreement and continue in full force unless a party withdraws from this Agreement or this Agreement is terminated in accordance with Section 3.7. 3.2. Drafting: This Agreement has been prepared, reviewed and endorsed by the Parties. 3.3. Amendments: This Agreement may be amended only by the execution by the Parties of a written amendment. 3.4. Jurisdiction and Venue: This Agreement shall be deemed an Agreement under the laws of the State of California and for all purposes shall be interpreted in accordance with such laws. The Parties hereby agree and consent to the exclusive jurisdiction of the courts of the State of California and that the venue of any action brought hereunder shall be in Los Angeles County, California. 199 Page 11 of 26 MOU No. M-016-13: Section 5339 Program Funds 3.5. Non-assignment: No party may assign this Agreement, or any part thereof, without the written consent of each party to this Agreement. 3.6. Indemnity: Each respective CTC agrees to indemnify, defend and hold harmless SCAG and its officers, agents and employees from and against any and all claims, demands, costs, or liability arising from or connected with intentional or negligent acts, errors or omissions, any violations of law, or any violations of the terms and conditions of this Agreement (including non-compliance with the FTA Master Agreement and annual FTA Certifications and Assurances) attributable to performance of the responsibilities as set forth in this MOU by the CTC or its officers, agents, employees, contractors and subcontractors, except to the extent caused by the negligence or willful misconduct of SCAG. 3.7. Withdrawal and Termination: 1) Any party may withdraw from this Agreement upon thirty (30) days written notice to each party, provided that the notice of withdrawal sets forth the effective date of withdrawal and the reason for withdrawal. Additionally, the notice of withdrawal shall provide that the Parties meet during the period prior to the effective date of withdrawal to try to resolve any dispute, if applicable. In the event that the withdrawal is for cause, the withdrawal shall not be effective if the party cures the default in its performance within the thirty (30) day period. 2) SCAG shall notify FTA of the withdrawal from this Agreement of any CTC and shall administer and sub-allocate Section 5339 Program funds to eligible Subrecipients, as applicable, within a county of such CTC that is not a party to this Agreement. 3) SCAG may terminate this Agreement at any time, upon thirty (30) days written notice to each party provided that the notice of termination sets forth the effective date of termination. Such termination clause may be invoked by SCAG in the following circumstances including but not limited to: in the event that the Section 5339 Program is no longer funded by Congress and the fund balances have been exhausted, or in the event that SCAG is no longer the Designated Recipient of Section 5339 Program funds for a UZA or UZAs identified herein. 3.8. Disputes: Except as otherwise provided in this Agreement, any dispute arising under this Agreement which is not disposed of by mutual agreement shall be decided through binding arbitration by a three (3) member panel in accordance with the rules of the American Arbitration Association. 3.9. Counterparts: This Agreement may be executed in counterparts, each of which shall be an original, but all of which shall constitute one instrument. 200 Page 12 of 26 MOU No. M-016-13: Section 5339 Program Funds 3.10. Contact List: The names and contact information for the grants administrator representing each party are identified in the Grants Administrator Contacts List, attached hereto and incorporated herein as Exhibit “B.” Each Party shall promptly notify all other parties in the event of a change in the Grant Administrator’s name or contact information. 3.11. Notice: Any notice or notices required or permitted to be given pursuant to this Agreement may be personally served on the other party by the party giving such notice, or may be served by certified mail, return receipt requested, to the names and addresses attached hereto and incorporated herein as Exhibit “C.” 3.12. Effective Date: This Agreement shall be effective on the date (meaning the last date indicated below) all parties have fully executed this Agreement. 3.13. Entire Agreement: This Agreement contains the entire agreement and understanding of the Parties relating to the subject matter hereof, and the Parties have made no agreement or representation relating to the subject matter hereof which are not set forth herein. [Signatures on following pages] 201 Page 13 of 26 MOU No. M-016-13: Section 5339 Program Funds IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed by their duly authorized representatives on the dates set forth below. The Southern California Association of Governments By: Date: Hasan Ikhrata Executive Director Approved as to Form: ___________________________ Date: ________________ Joanna Africa Chief Counsel 202 Page 14 of 26 MOU No. M-016-13: Section 5339 Program Funds Los Angeles County Metropolitan Transportation Authority By: ______________________________ Date: ___________________ Arthur T. Leahy Chief Executive Officer Approved as to Form: JOHN F. KRATTLI County Counsel By:_______________________________ Date: ____________________ Deputy 203 Page 15 of 26 MOU No. M-016-13: Section 5339 Program Funds Orange County Transportation Authority By: _____________________________ Date: _________________ Darrell Johnson Chief Executive Director Approved as to Form: _________________________________ Date: __________________ Legal Counsel 204 Page 16 of 26 MOU No. M-016-13: Section 5339 Program Funds Riverside County Transportation Commission: By: ____________________________________ Date: _____________________ Anne Mayer Executive Director Approved as to Form: __________________________________ Date: ____________________ Legal Counsel 205 Page 17 of 26 MOU No. M-016-13: Section 5339 Program Funds San Bernardino Associated Governments: By: ____________________________________ Date: _____________________ Raymond Wolfe Executive Director Approved as to Form: __________________________________ Date: ____________________ Eileen Monaghan Teichert General Counsel 206 Page 18 of 26 MOU No. M-016-13: Section 5339 Program Funds EXHIBIT A GRANT CERTIFICATION FORM Section 5339 Bus and Bus Facilities Grants Program (Section 5339 Program) This Grant Certification Form is required to be signed by all Subrecipients of Section 5339 Program Funds, pursuant to the Memorandum of Understanding among the Southern California Association of Governments (SCAG) and County Transportation Commissions for the Section 5339 Bus and Bus Facilities Formula Grants Program. 1. Definition of “Subrecipient:” For purposes of administering the Section 5339 Program, “Subrecipient” shall mean an eligible public agency or private nonprofit organization engaged in public transportation and identified by the CTC serving the county in which such public entity or nonprofit organization is located, to receive a sub-allocation of Section 5339 Program funds awarded by FTA, contingent upon meeting federal requirements and requirements set forth in Section 2.3 of MOU No. M-016-13. “Subrecipients” may include CTCs. All Subrecipients shall agree to submit grant applications for this program to SCAG in accordance with the Call for Applications process established by SCAG. 2. Applications and Grant Management Process: Subrecipients are responsible for submitting grant applications through SCAG’s Call for Applications process to receive Section 5339 Program funds awarded by FTA to implement eligible, capital projects, contingent upon meeting federal requirements and requirements set forth in Section 2.3 of MOU No. M-016-13. Subrecipients shall not submit grant applications on behalf of sub-tier recipients. All grant applications for projects eligible for funding as described herein, must be submitted by Subrecipients through SCAG’s Call for Applications process. 3. Grant Requirements: The responsibilities of Subrecipients include, but are not limited to, the following: a. FTA Master Agreement: Each Subrecipient agrees to comply in the same capacity as the “Recipient” with applicable terms and conditions of the FTA Master Agreement, FTA MA (19) dated October 1, 2012 (www.fta.dot.gov/documents/19-Master.pdf) and any agreement which supersedes and replaces it. b. Annual FTA Certifications and Assurances: The Subrecipient agrees to sign the Federal Fiscal Year (FFY) 2013 FTA Certifications and Assurances, attached hereto and incorporated herein as Attachment “A-1.” Each Subrecipient certifies in the same capacity as the “Applicant” that it shall comply with the applicable annual FTA Certifications and Assurances (published annually in the Federal Register). Upon publication of the FFY 2014 FTA Certifications and Assurances, and for each additional FFY for which Congress authorizes and appropriates Section 5339 Program funds, each Subrecipient shall sign and submit a copy of such form to SCAG prior to applying for any of such funds. c. Documentation: Each Subrecipient shall submit to SCAG any documentation reasonably requested by SCAG to assure the validity of all above-referenced FTA Certifications and Assurances. d. Transit Asset Management Plans: Each Subrecipient shall agree to the following: i. It will develop a Transit Asset Management Plan that complies with: 1. 49 U.S.C. Section 5326 et seq., as amended by MAP-21; 2. Federal regulations pertaining to the National Transit Asset Management System required to be issued by 49 U.S.C. Section 5326(d), as amended by MAP-21; 3. Performance Measures required to be issued by 49 U.S.C. Section 5326(c)(1) and Targets per 49 U.S.C. Section 5326(c)(2); and 4. Other applicable federal laws and regulations; ii. It will develop a Transit Asset Management Plan that is consistent with Federal guidance developed or to be developed to implement 49 USC Section 5326, as amended by MAP-21. iii. It will provide progress and performance reports to SCAG to enable compliance with the requirements of 49 U.S.C. Section 5326(c)(3), as amended by MAP-21. iv. Transit Asset Management Plans shall at minimum include capital asset inventories and condition assessments, and investment prioritization. Subrecipients shall further report on the condition of their system and any change in condition since the last report and submit such reports into the FTA’s National Transit Database (NTD). The Subrecipient shall submit to 207 Page 19 of 26 MOU No. M-016-13: Section 5339 Program Funds SCAG performance measures and targets adopted as part of such plans, and any other related documentation requested by SCAG. 4. Invoices. Upon approval of SCAG’s grant applications by FTA and commencement of approved projects under the Section 5339 Program, Subrecipients shall submit Invoices to SCAG for reimbursement of incurred, eligible and allowable grant program costs. Such costs shall comply with all applicable federal cost principles and other related requirements, and shall serve as the only costs eligible for reimbursement by SCAG. Upon approval of Invoices by SCAG, SCAG shall draw-down funds from FTA’s ECHO System, and shall pay the Subrecipient upon receipt of payment by FTA. a. Invoices shall comply with the Invoice Format included in SCAG’s Call for Applications Package. The required, local match (20%) shall be deducted by the Subrecipient and reflected in each Invoice. The Authorized Representative of each Subrecipient agrees to sign the Match Certification Statement on each Invoice. All invoices shall be submitted at least quarterly and no more frequently than monthly, and contain the following information: i. Name of Subrecipient expending the Section 5339 Program funds; ii. UZA name and number for which the project funds are being reported; iii. A listing of the FTA grant number(s) being reported, with their respective project budget line item (ALI Codes), project category, approved FTA amount, and description of the funded projects; iv. Invoice period and corresponding Progress Report in narrative format; v. Explanation if there is no activity; and vi. All back-up documentation to support the costs and local match stated in each Invoice must be attached to each Invoice, and additional documentation regarding costs or local match shall be provided to SCAG upon request. b. FTA Master Agreement: Each Subrecipient agrees to comply in the same capacity as the “Recipient” with applicable terms and conditions of the FTA Master Agreement, FTA MA (19) dated October 1, 2012 (www.fta.dot.gov/documents/19-Master.pdf) and any agreement which supersedes and replaces it. c. Annual FTA Certifications and Assurances: The Subrecipient agrees to sign the Federal Fiscal Year (FFY) 2013 FTA Certifications and Assurances, attached hereto and incorporated herein as Attachment “A-1.” Each Subrecipient certifies in the same capacity as the “Applicant” that it shall comply with the applicable annual FTA Certifications and Assurances (published annually in the Federal Register). Upon publication of the FFY 2014 FTA Certifications and Assurances, and for each additional FFY for which Congress authorizes and appropriates Section 5339 Program funds, each Subrecipient shall sign and submit a copy of such form to SCAG prior to applying for any of such funds. d. Indirect Costs: For reimbursement of indirect costs, Subrecipients shall not be entitled to reimbursement of indirect costs unless a copy of an applicable indirect cost plan (ICAP) approved by a cognizant agency, has been received by SCAG. However, the last approved ICAP shall remain in place until each new annual plan is approved, so long as such practice is allowed under applicable federal and state requirements. Subrecipients shall submit a copy of such ICAP to SCAG prior to the submittal of the first Invoice of each Federal Fiscal Year. e. All invoices shall be submitted by Subrecipients to the following email address: AccountsPayable@scag.ca.gov. f. SCAG shall maintain final approval authority of invoices submitted under this Agreement. 5. Quarterly Reports: Each Subrecipient shall submit Quarterly Reports to SCAG which contain the following information, and any additional information as may be required by SCAG or FTA: a. Name of Subrecipient expending the Section 5339 Program funds; b. UZA name and number for which the funds are being reported; c. A listing of the FTA grant number(s) being reported, with their respective project budget line item (ALI Codes), project category, approved FTA amount, and description of the funded projects; and d. Federal Fiscal Year (FFY) Quarterly Milestones/Progress Reports in a narrative format. 208 Page 20 of 26 MOU No. M-016-13: Section 5339 Program Funds Quarterly Reports shall be submitted no later than fifteen (15) days after each FFY quarter has ended, to the attention of SCAG’s Grants Administrator (Alfonso Hernandez or other person identified by SCAG). SCAG shall promptly notify all Subrecipients in the event of a change in the person identified in this paragraph as the recipient of the Quarterly Reports. 6. Audits: In accordance with the FTA Master Agreement and applicable federal law and regulations, Subrecipients agree to retain and require its contractors and other third party participants to retain complete and readily accessible records related in whole or part to the Section 5339 Program (“Records”). Records required to be retained include but are not limited to data, documents, reports, statistics, leases, third party contracts or agreements, arrangements, and other supporting materials related to those records. a. Subrecipients shall retain Records for the period required under the FTA Master Agreement, and shall make the Records available for inspection and audit by representatives of SCAG, the State, or the Federal Government upon request. Copies of the Records shall be made and furnished to SCAG upon request at no cost to SCAG. b. Any costs for which a Subecipient receives payment that is determined by a subsequent audit or other review by SCAG, State or Federal authorities to be unallowable under, but not limited to, OMB Circular A-87; 48 CFR, Chapter 1, Part 31; or 49 CFR, Part 18, and earned interest due, are to be repaid by the Subrecipient within thirty (30) days of such Subrecipient receiving notice of audit findings and a written demand for reimbursement from SCAG. Should the Subecipient fail to reimburse unallowable costs and interest due SCAG within thirty (30) days of demand, or within such other period as may be agreed between both parties hereto, SCAG is authorized to withhold future payments due to the Subrecipient. 7. Reports and Forms: Upon approval of grant applications by FTA, as applicable, Subrecipients shall submit to SCAG the following documents and reports which relate to the Section 5339 Program: a. Quarterly Milestones/Progress Reports during the current FFY; b. Disadvantaged Business Enterprise (DBE) reports and all other reports and documentation required by FTA; c. Final/Close-out Reports; d. IRS W-9 Form; e. Banking information which includes name of the financial institute, ACH routing number, and account number; and f. Any other documents or reports requested by FTA or SCAG. 8. Sub-allocations Process: The Subrecipient hereby understands and agrees that it shall execute and submit to SCAG, in advance of submitting a grant application for Section 5339 Program funds to FTA and no later than fifteen (15) days after receiving a Notice of Sub-allocations from the CTC serving the county in which the Subrecipient is located, this Grant Certification Form and the FFY 2013 FTA Certifications and Assurances, signed by the duly authorized representative of the Subrecipient. Upon publication of the FFY 2014 FTA Certifications and Assurances, and for each additional FFY for which Congress authorizes and appropriates Section 5339 Program funds, each Subrecipient shall sign and submit a copy to SCAG of the applicable FTA Certifications and Assurances form, prior to SCAG’s submittal of an application for such funds. SCAG shall not allocate and the CTCs shall not sub-allocate, as applicable, any Section 5339 Program funds to a Subrecipient who has not executed a Grant Certification Form and applicable FTA Certifications and Assurances form. 9. Opt-Out Option: In the event an eligible Subrecipient, excluding a CTC who is a Subrecipient, elects not to apply for Section 5339 Program funds and does not execute the Grant Certification Form, the Subrecipient shall elect to sign and return the attached Opt-Out Form, attached hereto and incorporated herein as Attachment “A-2.” A Subrecipient that elects to opt-out, as described herein, shall sign and return to SCAG’s Grants Administrator the attached Opt-Out Form within thirty (30) days of receiving the Notice of Sub-Allocations from the CTC serving the county in which the Subrecipient is located. Upon receipt by SCAG of the Opt-Out Form signed by a Subrecipient’s duly authorized representative or upon the lapse of the 30-day notification period, SCAG and the respective CTC shall initiate the process to sub-allocate the Section 5339 Program funds among other eligible Subrecipients within the SCAG regional boundaries and according to the statutory formulas set forth under 49 U.S.C. Section 5339, as applicable and as amended from time to time. 10. Indemnity: The Subrecipient agrees to indemnify, defend and hold harmless SCAG and its respective officers, agents and employees from and against any and all claims, demands, costs, or liability arising from or connected with intentional or negligent acts, errors or omissions, any violations of law, or any violations of the terms and conditions of 209 Page 21 of 26 MOU No. M-016-13: Section 5339 Program Funds this Certification Form (including non-compliance with the FTA Master Agreement and annual FTA Certifications and Assurances) attributable to performance of the responsibilities as set forth herein by the Subrecipient or its officers, agents, employees, contractors and subcontractors, except to the extent caused by the negligence or willful misconduct of SCAG. BY SIGNING BELOW, on behalf of the Subrecipient, I declare under penalty of perjury that the Subrecipient has duly authorized me to sign this Grant Certification Form, and bind the recipient’s compliance. Thus, the Subrecipient agrees to comply with all requirements set forth herein. Signature of Authorized Representative ______________________________ __________ Name/Signature of Auth Rep Date ______________________________ Name of Subrecipient ______________________________ Address Return Form To: Alfonso Hernandez, SCAG Grants Administrator 818 W. 7th Street, 12th Floor Los Angeles, CA 90017 hernande@scag.ca.gov 210 Page 22 of 26 MOU No. M-016-13: Section 5339 Program Funds ATTACHMENT A-1 FEDERAL FISCAL YEAR 2013 CERTIFICATIONS AND ASSURANCES FOR FEDERAL TRANSITADMINISTRATION ASSISTANCE PROGRAMS Name of Applicant: The Applicant agrees to comply with applicable provisions of Groups 01 – 24. OR The Applicant agrees to comply with applicable provisions of the Groups it has selected: Group Description 1. Required Certifications and Assurances for Each Applicant. _______ 2. Lobbying. _______ 3. Private Sector Protections. _______ 4. Procurement and Procurement System. _______ 5. Rolling Stock Reviews and Bus Testing. _______ 6. Demand Responsive Service. _______ 7. Intelligent Transportation Systems. _______ 8. Interest and Finance Costs and Leasing Costs. _______ 9. Transit Asset Management and Agency Safety Plans. _______ 10. Alcohol and Controlled Substances Testing. _______ 11. Fixed Guideway Capital Investment Program (New Starts, Small Starts, and Core Capacity) and Capital Investment Program in Effect before MAP-21. _______ 12. State of Good Repair Program. _______ 13. Bus/Bus Facilities Programs. _______ 14. Urbanized Area Formula Programs and Job Access and Reverse Commute (JARC) Program. _______ 15. Seniors/Elderly/Individuals with Disabilities Programs and New Freedom Program. _______ 16. Rural/Other Than Urbanized Areas/Appalachian Development/Over-the-Road Bus Accessibility Programs. _______ 17. Public Transportation on Indian Reservations and “Tribal Transit Programs.” _______ 18. Low or No Emission/Clean Fuels Grant Programs. _______ 19. Paul S Sarbanes Transit in Parks Program. _______ 20. State Safety Oversight Program. _______ 21. Public Transportation Emergency Relief Program. _______ 22. Expedited Project Delivery Pilot Program. _______ 23. Infrastructure Finance Programs. _______ 211 Page 23 of 26 MOU No. M-016-13: Section 5339 Program Funds FEDERAL FISCAL YEAR 2013 FTA CERTIFICATIONS AND ASSURANCES SIGNATURE PAGE (Required of all Applicants for FTA funding and all FTA Grantees with an active Capital or Formula Project) AFFIRMATION OF APPLICANT Name of Applicant: Name and Relationship of Authorized Representative: BY SIGNING BELOW, on behalf of the Applicant, I declare that the Applicant has duly authorized me to make these Certifications and Assurances and bind the Applicant’s compliance. Thus, the Applicant agrees to comply with all Federal statutes and regulations, and follow applicable Federal guidance, and comply with the Certifications and Assurances as indicated on the foregoing page applicable to each application its authorized representative makes to the Federal Transit Administration (FTA) in Federal Fiscal Year 2013, irrespective of whether the individual that acted on its Applicant’s behalf continues to represent the Applicant. FTA intends that the Certifications and Assurances the Applicant selects on the other side of this document should apply, as provided, to each Project for which the Applicant seeks now, or may later seek FTA funding during Federal Fiscal Year 2013. The Applicant affirms the truthfulness and accuracy of the Certifications and Assurances it has selected in the statements submitted with this document and any other submission made to FTA, and acknowledges that the Program Fraud Civil Remedies Act of 1986, 31 U.S.C. 3801 et seq., and implementing U.S. DOT regulations, “Program Fraud Civil Remedies,” 49 CFR part 31, apply to any certification, assurance or submission made to FTA. The criminal provisions of 18 U.S.C. 1001 apply to any certification, assurance, or submission made in connection with a Federal public transportation program authorized by 49 U.S.C. chapter 53 or any other statute In signing this document, I declare under penalties of perjury that the foregoing Certifications and Assurances, and any other statements made by me on behalf of the Applicant are true and accurate. Signature: Date: Full Name: Authorized Representative of Applicant: AFFIRMATION OF APPLICANT’S ATTORNEY For (Name of Applicant): As the undersigned Attorney for the above named Applicant, I hereby affirm to the Applicant that it has authority under State, local, or tribal government law, as applicable, to make and comply with the Certifications and Assurances as indicated on the foregoing pages. I further affirm that, in my opinion, the Certifications and Assurances have been legally made and constitute legal and binding obligations on the Applicant. I further affirm to the Applicant that, to the best of my knowledge, there is no legislation or litigation pending or imminent that might adversely affect the validity of these Certifications and Assurances, or of the performance of its FTA Project or Projects. Signature: Date: Full Name: Attorney for Applicant: Each Applicant for FTA funding and each FTA Grantee with an active Capital or Formula Project must provide an Affirmation of Applicant’s Attorney pertaining to the Applicant’s legal capacity. The Applicant may enter its signature in lieu of the Attorney’s signature, provided the Applicant has on file this Affir mation, signed by the attorney and dated this Federal fiscal year. 212 Page 24 of 26 MOU No. M-016-13: Section 5339 Program Funds ATTACHMENT A-2 Opt-Out Form Name of Eligible Subrecipient (Public Entity): __________________________________ The Public Entity named above hereby elects not to sign the Grant Certification Form required under the Memorandum of Understanding among the Southern California Association of Governments (SCAG) and County Transportation Commissions (CTCs) for the Section 5339 Bus and Bus Facilities Grants Program . The Public Entity understands and agrees that SCAG shall not be obligated to allocate and that the County Transportation Commission (CTC), serving the county in which the Public Entity is located, shall not be obligated to sub-allocate Section 5339 Program funds to any entity which elects not to sign the Grant Certification Form. Such Public Entity that elects to opt-out shall sign and return this Opt-Out Form to SCAG’s Grants Administrator within thirty (30) days of receiving notification from the respective CTC of the Subrecipients’ sub-allocation amount(s) (“Notice of Sub-allocations”). The Public Entity agrees and understands that the respective CTC will initiate, upon receipt of this Opt-Out Form signed by the duly authorized representative of the Public Entity or upon the lapse of the 30-day notification period set forth above (whichever occurs first), the process to sub-allocate the Section 5339 Program funds among other eligible Subrecipients within its regional boundaries and consistent with the statutory formulas set forth subparagraphs (c)(1) and (c)(2) of 49 U.S.C Section 5336 used by FTA to apportion Section 5339 Program funds to large UZAs and based on the corresponding shares of the total bus vehicle revenue miles and passenger miles of other eligible Subrecipients within the CTC’s boundaries, respectively, as applicable and as amended from time to time. ______________________________________________ Signature of Authorized Representative Date _____________________________ Name _____________________________ Name of Public Entity ______________________________ Address Any Eligible Subrecipient that elects to opt-out of receiving 5339 Program Funds shall sign and return this Opt-Out Form to SCAG’s Grants Administrator at the following address within thirty (30) calendar days of receiving the Notice of Sub-allocations: Alfonso Hernandez, SCAG Grants Administrator 818 W. 7th Street, 12th Floor Los Angeles, CA 90017 hernande@scag.ca.gov 213 Page 25 of 26 MOU No. M-016-13: Section 5339 Program Funds Exhibit B Grants Administrator Contacts List The Southern California Association of Governments Full Name: Alfonso Hernandez Title/Dept: Senior Budget and Grants Analyst, Finance Mailing Street Address: 818 W. 7th Street, 12th Floor City, State and Zip Code: Los Angeles, CA 90017 Phone: 213-236-1897 Email: hernande@scag.ca.gov Los Angeles County Metropolitan Transportation Authority Full Name: Frank Flores Title/Dept: Executive Officer, Countywide Planning Mailing Street Address: 1 Gateway Plaza City, State and Zip Code: Los Angeles, CA 90012 Phone: 213-922-2456 Email: floresf@metro.net Orange County Transportation Authority Full Name: William J Dineen Jr Title/Dept: Principal Financial Analyst, Grants Management Mailing Street Address: 550 S. Main Street City, State and Zip Code: Orange, CA 92863 Phone: 714-560-5917 Email: wdineen@octa.net Riverside County Transportation Commission: Full Name: Josefina Clemente Title/Dept: Principal Financial Analyst, Grants Management Mailing Street Address: 4080 Lemon Street, 3rd Floor City, State and Zip Code: Riverside, CA 92501 Phone: 951-787-7141 Email: jclemente@rctc.org San Bernardino Associated Governments Full Name: Vanessa Jezik Title/Dept: Transportation Analyst Mailing Street Address: 1170 W. 3rd Street, 2nd Floor City, State and Zip Code: San Bernardino, CA 92410-1715 Phone: 909-884-8276 Email: vjezik@sanbag.ca.gov 214 Page 26 of 26 MOU No. M-016-13: Section 5339 Program Funds Exhibit C Notices Mr. Hasan Ikhrata Executive Director Southern California Association of Governments 818 West 7th Street, 12th Floor Los Angeles, CA 90017-3435 Mr. Arthur T. Leahy Chief Executive Officer Los Angeles County Metropolitan Transportation Authority One Gateway Plaza Los Angeles, CA 90012-2952 Mr. Darrell Johnson Chief Executive Officer Orange County Transportation Authority 550 South Main St. P.O. Box 14184 Orange, CA 92863-1584 Mr. Raymond Wolfe Executive Director San Bernardino Associated Governments 1170 W. 3rd Street, 2nd Floor San Bernardino, CA 92410-1715 Mrs. Anne Mayer Executive Director Riverside County Transportation Commission 4080 Lemon Street, 3rd Floor Riverside, CA 92501 215 AGENDA ITEM 17 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 26, 2013 TO: Budget and Implementation Committee FROM: Aaron Hake, Government Relations Manager THROUGH: John Standiford, Deputy Executive Director SUBJECT: State and Federal Legislative Update STAFF RECOMMENDATION: This item is for the Committee to: 1) Receive and file an update on state and federal legislation; and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: State Update This report comes to the committee during the final week of the legislature’s regular calendar, meaning the fate of many bills on important topics is in constant flux. This report represents a snapshot as of August 15; a more complete update will be available during the committee meeting and in the final report submitted to the Commission on September 11. Design-Build The Commission registered support for AB 401 (Daly) at its June meeting. This bill would allow best-value design-build for the Interstate 405 widening project in Orange County by the Orange County Transportation Authority (OCTA). AB 401 was very similar to AB 2098 (Miller) that the Commission sponsored and successfully steered through the Governor’s desk in 2010 for the State Route 91 Corridor Improvement Project (SR-91 CIP). However, in late August the bill was amended significantly to become a bill of statewide application. AB 401 is now a comprehensive design-build bill that accomplishes the following: • Extends the state’s design-build pilot program sunset date from 2018 to 2024; • Provides unlimited design-build authority for regional transportation agencies (such as the Commission) on the state highway system; • Increases the number of design-build projects that Caltrans can perform; and • Specifies the role of Caltrans in the performance of construction inspection services on design-build projects, similar to the structure of the SR-91 CIP. Agenda Item 17 216 These amendments to AB 401 are the result of negotiations between private sector labor groups, the construction industry, Self-Help Counties, Professional Engineers in California Government, and Senate Leadership. While the amendments have no impact on the SR-91 CIP, they will have impacts on future Commission projects such as the I-15 Corridor Improvement Project and any other major projects in Riverside County that would benefit from the use of design-build. AB 401 would eliminate the need to run special legislation in the future as was done with SR-91, and provides more time for projects to quality under the extended sunset date. Inasmuch as the bill’s new language allows for project management structures such as what is being implemented on the SR-91 CIP, Commission staff encourages the Commission to remain supportive of AB 401. CEQA Modernization Proponents of modernization (or reform) of the California Environmental Quality Act (CEQA) during this legislative session have widely expressed disappointment and frustration at the results thus far. The only bill getting focused attention on this topic is SB 731 (Steinberg). On August 6, the bill was amended to focus on revising level of significance thresholds for infill development projects. The bill also requires online reporting of mitigation monitoring plans for projects and eliminates language that stated the author’s intent to address the issue of late hits and document dumps. In summary, the bill completely ignores the legislative priorities of the CEQA Working Group, of which the Commission is a member. The CEQA Working Group has taken an oppose position on SB 731 for its failure to achieve meaningful CEQA reform. The Commission’s focus has been on increasing the transparency and accountability of plaintiffs in CEQA lawsuits, reducing the time it takes to resolve CEQA cases, and ensuring CEQA litigation is germane to environmental issues raised by the project. The CEQA Working Group and its allies have waged a public relations campaign in the Capitol and on editorial pages throughout the state. Momentum behind CEQA reform faded significantly after the early-year resignation of Senator Michael Rubio and the Governor issued lukewarm comments in the spring. Commission staff does not see many avenues for SB 731 or any other bill to achieve the reforms the Commission has sought in the remaining days of this year’s legislative session. However, Commission staff believes CEQA modernization should remain a number one priority for 2014 or until meaningful reform is achieved and will continue to work on strategies with allies to make the case in Sacramento. PEPRA / 13(c) Last year Governor Brown signed into law the Public Employee Pension Reform Act (PEPRA). The enactment of this legislation triggered a backlash by several labor groups representing public transit employees. Federal labor law provides the opportunity for labor groups affected by federal funds to protest the award of federal funds to transit agencies if labor protections are believed to be inadequate. The U.S. Secretary of Labor is then responsible for ensuring that as a precondition of releasing federal funds that collective bargaining rights are maintained. Agenda Item 17 217 This section of law is known commonly as “13(c)”. Because PEPRA became law and impacted the pensions of transit union members without collective bargaining, several unions have lodged protests of pending federal grants to dozens of California transit agencies, effectively cutting off federal funding to these agencies. If the impasse continues, the result will be 14 transit agencies such as Riverside Transit Agency (RTA) implementing significant service reductions and layoffs. RTA’s anticipated funding loss is $31 million as a result of Amalgamated Transit Union’s (ATU) protest. On a regional level, Los Angeles County Metropolitan Transportation Authority (Metro) stands to lose $2.2 billion in federal funding for operations but also major capital investment grants for the construction of the Westside Subway Extension and the Regional Connector rail project. Metro estimates as many as 43,000 jobs are at stake. The impact on OCTA could be as high as $115 million. While directly detrimental to the residents of the communities that are reliant upon public transit, should this funding not materialize there will be far-reaching consequences to all transportation projects in Southern California. Metro’s transit projects, among other major capital projects in the region, are components of the Southern California Associated Governments Regional Transportation Plan, which must meet federal air quality standards. If the plan falls out of compliance due to projects not coming to fruition, federal funding to all projects in Southern California could be jeopardized. In response to this statewide problem, Assemblyman Luis Alejo authored AB 160, which would exempt transit employees from PEPRA. The Governor strongly opposed AB 160, standing firmly behind PEPRA. With the legislative session winding down quickly, the stakes are growing ever higher to reach resolution of this matter. One of three things must occur to stave off starvation of California transit agencies: the U.S. Secretary of Labor determines that transit workers’ rights have not been harmed, transit unions rescind their protests, or the Governor agrees to sign AB 160. At the time this staff report was written, none of the above appeared imminent. However, on August 14, Moody’s ratings services notified the Commission it was putting all California transportation agency debt issuers on review due to the potential financial repercussions of the PEPRA/13(c) issue. The Commission notified Moody’s the Commission is not an operator of transit services nor does it employ union workers, and therefore should not be subject to review of credit ratings. Additionally, the Commission’s Perris Valley Line Small Starts grant cleared the 13(c) process in 2011. Nonetheless, this action by Wall Street may signal further destabilizing consequences to the transportation industry across California. The Commission will work closely with RTA in a supportive role as that agency plans for how to deal with any of the potential outcomes of the PEPRA/13(c) dispute. Financial impacts are likely to begin accruing sooner than later. Agenda Item 17 218 Federal Update Transportation Appropriations Hopes among transportation advocates were temporarily lifted in late July as the House of Representatives brought the FY 2013/14 Transportation, Housing and Urban Development (THUD) Appropriations bill to the floor for debate and votes. More often than not in recent years, this annual bill to fund the functions of the federal government (one of thirteen, broken up among the various departments) has not been passed under regular order, meaning the bill has either been rolled into an omnibus spending bill or has been dropped all together in favor of a continuing resolution, which simply carries over the previous years’ spending levels and conditions. Hopes for a return to regular order with the FY 2013/14 THUD bill were dashed, however, when after more than a full day of debate and amendments on the House floor, Speaker Boehner pulled the bill from the floor due to insufficient votes to attain passage. Although the House bill contained funding levels for transportation drastically below levels authorized by Moving Ahead for Progress in the 21st Century (MAP-21) (up to 3X% below last year), many were hopeful that by the House passing a bill, a Conference Committee with the Senate could be formed and negotiations could ensue. The inability for House Republican leadership to gather votes for the THUD bill can be partially explained by the continuing consternation of members over sequestration that took effect earlier this year. The realities of lower domestic spending levels are bearing themselves out in the appropriations bills, forcing Congress to confront the choices that must be made on domestic and defense spending vis-à- vis the deficit. A similar occurrence of gridlock occurred within a few hours of the House tabling its THUD bill when the Senate adjourned for the summer without summoning the 60 votes needed to end debate on its own version of the THUD bill. The Senate’s bill came in at a higher price tag than the House’s, above sequestration levels and closer to MAP-21 authorized levels. Most observers predict that work will begin right-away in September to pass a continuing resolution in time for the start of the federal fiscal year on October 1. In the mean time, the nation will be closer to another debt ceiling debate, and perhaps in the midst of an effort by Republicans to link continued funding of the government to defunding of the Affordable Care & Patient Protection Act. Senate Committee Hearing on TIFIA and MAP-21 Senator Barbara Boxer (D-CA), chair of the Senate Committee on Environment and Public Works (EPW), held a hearing on July 24 to examine the implementation of MAP-21 one year after its passage. The hearing also specifically focused on implementation to the Transportation Infrastructure Finance and Innovation Act (TIFIA) program, which was increased in funding by nine times in MAP-21. New U.S. Transportation Secretary Anthony Foxx testified. Secretary Foxx’s oral and written testimony to the committee highlighted the most recent successful TIFIA loan: the SR-91 CIP in Riverside, California, which only weeks before had closed a $421 Agenda Item 17 219 million loan. The Commission was pleased to receive this national recognition during an important congressional hearing. The remainder of the hearing was encouraging as well. Metro CEO Art Leahy testified in support of the TIFIA program and Metro’s America Fast Forward initiative would create a federally subsidized bond program for transportation projects, similar to a program available for school infrastructure. Several senators commented on policy priorities held by the Commission regarding the need to speedily move TIFIA applications through the review process, ensure that decisions were made on objective criteria, and that small and medium sized projects can compete for space in the program on a first come, first served basis. Additionally, witnesses at the hearing reminded the committee that while TIFIA and financing options enable transportation agencies to do more with limited dollars, these mechanisms do not add new revenue to transportation, and funding shortfalls must be addressed in the successor bill to MAP-21. Attachment: Legislative Matrix Agenda Item 17 220 RIVERSIDE COUNTY TRANSPORTATION COMMISSION - POSITIONS ON STATE AND FEDERAL LEGISLATION – August 26, 2013 Legislation/ Author Description Bill Status Position Date of Board Adoption AB 14 (Lowenthal) Formalizes creation of a State Freight Advisory Council and commits the state to authoring a State Freight Plan every 5 years, pursuant to MAP-21. Read second time. Ordered to third reading. (July 2). SUPPORT April 13, 2013 AB 179 (Boganegra) Previous version reduced the amount of time transportation agencies can retain personally identifiable customer information for electronically- collected highway tolls and transit fares, from 4.5 years to six months. Amendments extend the time period back to 4.5 years, removing a conflict with the statute of limitations during which customers can challenge tolls and fare charges, which is up to 4 years. The bill also enacts new privacy provisions for electronic transit fare collection. Unknown impacts exist for transit operators RTA, SunLine and Metrolink for future implementation of electronic fare systems. From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 2.) (June 25). Re- referred to Com. on APPR. From committee: Be placed on second reading file pursuant to Senate Rule 28.8. (July 11). NEUTRAL June 12, 2013 AB 266 (Blumenfield) Extends by an additional 10 years a pilot program previously opposed by RCTC. Ultra-low emission vehicles (mostly electric cars) are exempted from paying tolls on tolled facilities, except for toll projects in L.A. County. This bill represents a state mandate that cuts into local revenue for infrastructure that local governments are providing to the state. This policy erodes the user-pay concept inherent in many areas of transportation finance. This bill represents a current and future threat to the viability of innovative infrastructure financing in California as low-emission vehicles become more popular. The pilot program has only been in existence for less than one year. From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (July 2). Read second time and amended. Re- referred to Com. on APPR. (July 10). OPPOSE April 13, 2013 AB 487 (Linder) Requires government employees participating in the DMV confidentiality program to provide a workplace address so that parking, toll, and traffic violations can still be enforced. Two-year bill (can be reconsidered in 2014) SUPPORT April 13, 2013 AB 574 (Lowenthal) Formerly, this bill reformed the process by which cities and counties apply to the State for relinquishment of state highways to local jurisdictions. The bill has been amended in its entirety. The bill now proposes policy to guide the expenditure of the state’s cap-and-trade program, which was authorized by AB 32 (Pavley, 2006) and is administered by the California Air Resources Board (CARB). The bill provides for regional control of the expenditure of cap-and-trade funds. The Commission, along with SCAG and other transportation commissions in Southern California have requested amendments that would direct cap-and-trade funds to directly to transportation commissions rather than Metropolitan Planning Organizations (MPO’s) Held under submission in Assembly Appropriations Committee. (May 24). SUPPORT if Amended June 12, 2013 221 Legislation/ Author Description Bill Status Position Date of Board Adoption AB 1081 (Medina) Requires goods movement infrastructure projects and financing options from the private sector to be included in the Governor’s annually submitted 5-year infrastructure plan and international trade & investment strategy. From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (July 2). Read second time and amended. Re- referred to Com. on APPR. (July 9). SUPPORT June 12, 2013 SB 337 (Emmerson) Relinquishes portions of SR-74 to the City of Hemet. The City of Hemet is the sponsor of this bill. This bill builds on previous legislation that authorized relinquishment of SR-74 to the Cities of Palm Desert, Perris, and Lake Elsinore. Hearing cancelled at request of author. This bill’s language has been incorporated into SB 788, the Senate Transportation Omnibus Bill. SUPPORT April 13, 2013 SB 731 (Steinberg) Enacts modest changes to CEQA, mostly relating to private development. In Assembly. Read first time. Held at Desk. (May 30). Referred to Coms. on NAT. RES. and L. GOV. (June 17). MONITOR/WORK WITH AUTHOR April 13, 2013 AB 37 (Perea) This bill would allow would allow project applicants to require lead agencies to prepare a record of proceedings concurrently with the preparation of CEQA documents. This has the potential to accelerate future judicial proceedings by giving both sides of a CEQA lawsuit the opportunity to prepare for court. AB 37 is supported by business groups and is currently unopposed, awaiting a vote on the Assembly floor. Re-referred to Coms. On N.R.&W. and APPR. (June 27). SUPPORT June 12, 2013 AB 401 (Day) Authorizes the use of best value design-build for the I-405 widening project by OCTA. The language of this bill is nearly identical to that of the Commission’s AB 2098 (Miller), which was approved in 2010. The project will add one general purpose lane in each direction. In committee: Hearing postponed by committee.. (July 9). SUPPORT June 12, 2013 222 Legislation/ Author Description Bill Status Position Date of Board Adoption AB 543 (Campos) This bill would require a lead agency to translate, as specified, certain notices required by the act and a summary of any negative declaration, mitigated negative declaration, or environmental impact report when a group of non-English-speaking people, as defined, comprises at least 25% of the population within the lead agency’s jurisdiction and the project is proposed to be located at or near an area where the group of non-English-speaking people comprises at least 25% of the residents of that area. By requiring a lead agency to translate these notices and documents, this bill would impose a state-mandated local program. In committee: Set, first hearing. Hearing canceled at the request of author. (July 2). OPPOSE June 12, 2013 AB 756 (Melendez) Allows public works projects to be granted Leadership designation by the Governor for the purposes of a 2011 law that provides expedited judicial review for CEQA challenges. The Commission seeks amendments that would clarify elgibility of regional transportation agencies (such as the Commission) to utilize this fast-tracking for public transit projects. Note: the underlying 2011 law has recently been ruled unconstitutional. Two-year bill (may be reconsidered in 2014) SUPPORT if Amended June 12, 2013 SB 778 (Committee on Transportation & Housing) Senate “omnibus” bill of non-controversial items. This omnibus includes language from SB 337 (Emmerson), which relinquishes SR-74 to the city of Hemet. Other provisions of the bill include non-substantive technical corrections to existing law and deletion of obsolete provisions such as the 1984 Olympics special license plate program. Referred to Com. on P.E. & R. (March 11). SUPPORT June 12, 2013 AB 493 (Daly) This bill would authorize operators of toll facilities on federal-aid highways to fully implement technologies or business practices that provide for the interoperability of electronic toll collection programs on and after the date specified in MAP-21. The bill would limit the information that may be disclosed through participation in an interoperability program, as specified. Read third time. Passed. Ordered to the Assembly. (Ayes 36. Noes 0. Page 1601.). In Assembly. Ordered to Engrossing and Enrolling. (July 1) Enrolled and presented to the Governor at 4:45 p.m. (August 1). SUPPORT June 12, 2013 223