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Oversight committee approves Measure P/S periodic report showing $115.9 million in revenues, $25.8 million fund balance
Summary
Rafaela, presenting the combined periodic report, said Measure P/S has $115.9 million in total revenues since inception through 03/31/2026, $90.0 million in expenditures and a $25.8 million fund balance; the committee voted to receive the report and asked staff for more detailed project-location documentation for 'citywide' line items.
Rafaela, the finance staff presenter, told the Measure P/S Oversight Committee that total revenues from inception through March 31, 2026, were $115,900,000, total expenditures were $90,000,000 and the fund balance stood at $25,800,000. For the fiscal period July 1, 2025, through March 31, 2026, she reported revenues of $7,912,009.95, expenditures of $2,266,106 and a year‑to‑date increase in fund balance of about $5,600,000.
Why it matters: The periodic report consolidates audited and unaudited figures and shows the program still running a multi‑million dollar fund balance while major pavement and ADA projects remain underway.…
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