Measure AA oversight committee reviews third-quarter finances and approves annual report

Wildomar City’s Measure AA Oversight Advisory Committee reviewed the fund’s third-quarter financial report and approved the fiscal year 2024–25 Measure AA annual report for submission to the City Council.

The presentation, delivered by Finance Manager Adam Jance, said the Measure AA fund began the year with $10,295,000. Revenues recorded to date (primarily the city’s one-cent sales-and-use tax and investment earnings) totaled $4,188,000 and expenditures were about $2,690,000, producing a reported fund balance of roughly $11,793,000. Jance noted several outstanding bills — including quarterly fire invoices — remain in process and could affect the near-term balance.

Jance told the committee that revenue data were current through February and that the adopted revenue budget for the year is $5.8 million; based on recent receipts and the quarter-by-quarter catch-up pattern for sales taxes, staff now expects revenues to exceed the budget, likely topping $6 million.

On expenditures, Jance provided a program-level breakdown: public works/road maintenance has spent $456,000 of a $1.6 million budget (the line includes CIP and maintenance); code enforcement and homeless services have spent $38,000 of a $518,000 budget; police services have expended about $1.1 million of a $2.0 million allocation; fire-services spending was reported at $836,000 against a $2,560,000 line. Administrative costs (audit, staff allocations and supplies) totaled $22,461 of a $34,400 budget.

Program activity figures were also presented. For homeless services, Jance reported January 2026 saw nine outreach contacts (three new), five accepted services and 135 shelter bed utilizations; February had 18 contacts (one new), 14 accepted services and 194 bed utilizations; March recorded 14 contacts (three new), four accepted and 150 bed utilizations. Public works outputs funded by Measure AA included 4,210 square feet of pothole repairs, 23 posts installed, 22 hours removing illegal dumping, 90 trees trimmed and 40 signs installed.

Jance said the committee had previously approved using one-time fund balance to buy durable equipment to reduce rental costs. A skid steer was delivered in March and a pavement roller purchase order has been issued; a dump truck is budgeted for FY 26–27. On police services, the report showed 97 traffic collisions and 753 citations during the period and noted that adding a second motor officer (around mid-July 2025) coincided with a trend of fewer collisions. Jance said the Riverside contract (referred to as RSO in the report) produced a final rate increase near 8.85% for the current fiscal year and staff projects a 6.75–7.25% increase for FY 26–27, requiring adjustments to the ongoing budget. Motor officer positions were shown at roughly $229,000 each, totaling about $1.954 million for two motor positions and related policing costs funded by Measure AA.

Jance reported that the FY 2024–25 audit was completed and accepted by City Council with a clean opinion; the FY 2025–26 interim audit is scheduled to begin July 20. He also said regional grant awards and leftover ARPA funds routed through partner organizations will be applied to emergency shelter beds and outreach for several months, producing savings on the city’s billings estimated in the tens of thousands but not expected to exceed $100,000 on Wildomar’s side.

Committee members asked whether neighborhood watch efforts could be funded through Measure AA. Jance said such funding "could potentially" be allowable depending on the expenditures involved and whether they fall under policing contract items or are additional services; he agreed to research the options for signage, materials and any contractual limits and to provide a follow-up at the next meeting.

On a question about reported investment "losses," Jance explained the amounts were accounting adjustments: bond holdings are recorded at current market value (mark-to-market), so rising interest rates can produce unrealized paper losses without reflecting an actual realized loss unless holdings are sold. When asked who manages the portfolio, Jance said the city uses PFM for asset management and the California asset management pool (CAMP) for pooled services; staff meets quarterly with the manager to ensure consistency with the investment policy.

Votes at a glance - Approve agenda as presented — motion, second; carries 5-0. - Approve consent calendar — motion, second; carries 5-0. - Approve minutes of prior meeting — motion, second; carries 5-0. - Approve and submit FY 2024–25 Measure AA annual report to City Council — motion, second; carries 5-0.

The meeting also included the administration of the oath of office to Don Saunders. The committee requested a follow-up on neighborhood watch funding and other items for a future agenda; staff confirmed the follow-up will be provided. The meeting was adjourned at 6:56 p.m.