Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Measure U topic
No spam. Unsubscribe anytime.
Measure U oversight committee reports $8.6 million in revenues, $3.4M spent on streets
Summary
John Lewis, chair of the Measure U Citizens Oversight Committee, told the Placentia City Council the fund generated $8.6 million through 6/30/2024 and that allocations followed the committee’s 50/30/10/10 formula, with $3.4M spent on streets and sidewalks and contingency reserves exceeding a 25% target.
John Lewis, chairman of the Measure U Citizens Oversight Committee, presented the committee nnual report at the Oct. 15 Placentia City Council meeting and said the committee found Measure U revenues totaling $8,600,000 for the fiscal year ending June 30, 2024.
Lewis said the adopted allocation policy remains 50% for infrastructure, 30% for employee recruitment and retention, 10% for retirement of unfunded pension and OPEB liabilities, and 10% to the general fund contingency. "You can see by the chart below that the revenues for the past fiscal year was $8,600,000," Lewis said, and he detailed line-item spending including $3,400,000 on street and sidewalk maintenance, $2,300,000 on park maintenance and rehabilitation, $367,000 on building maintenance, $165,000 on vehicle maintenance and replacement, and $757,000 on planning and technology upgrades.
The committee reported 25 projects completed with 10 still under construction and said contingency reserves exceeded the committee'5% milestone as of June 30, 2024. Lewis outlined next steps: developing a longer-term capital improvement project and revenue forecast, integrating that with the general fund forecast, and monitoring contingency reserves to assess sustainability.
Mayor Mary Yamaguchi moved to receive and file the report; the motion was seconded and approved by the council. The committee—hair and councilmembers emphasized the report s a compliance and oversight document rather than a project-selection tool. Councilmembers asked staff to continue monitoring revenues quarterly and to return with any needed adjustments to future allocations.
The council received the report and directed staff to note the committee—uture work on long-range forecasting and contingency monitoring.
