Lifetime Citizen Portal Access — AI Briefings, Alerts & Unlimited Follows
Oversight committee approves Measure P/S periodic report showing $115.9 million in revenues, $25.8 million fund balance
Loading...
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. The committee voted to receive the report so staff can continue project planning and contracting.
In presenting the line‑item totals, Rafaela broke out recent expenditures: storm drains (a per‑period total that Rafaela listed as $231,006.81 for the current reporting period), sidewalks ($199,000 for the period), pavement (about $709,000 spent this quarter in contracting and roughly $206,000 in in‑house labor) and ADA work (Rafaela reported contractor and in‑house totals that appeared in the packet). She said audited numbers are included for earlier fiscal years and the most recent year figures remain unaudited pending final audit release.
Committee members asked for clarity about entries labeled 'citywide' in the payment table, which are being truncated by a character limit inside the procurement database. "We should at least have the project phase," one member said; staff said they are exploring ways to add phasing detail and will reissue an 18‑page guide and an Excel spreadsheet so committee members can filter entries by street segment or phase.
The committee also pressed staff about timing: lower year‑to‑date expenditures reflected queued major projects, staff said, and spending is expected to ramp up as contracts begin. Staff confirmed several large projects are scheduled this construction season and that some entries in the packet represent multi‑segment projects grouped under one project title.
The committee moved, seconded and voted to receive the periodic financial report. Voting members present were Patrick Aldinger, Michael Baum, Thomas Bruneau and Carol Trebodjian; the motion carried unanimously among the members present.
Next steps: Staff will provide the committee with the electronic project guide and Excel spreadsheet to allow members to filter by street segment, PCI and project phase so committee oversight can more easily link recorded expenditures to physical locations.
