TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Leslie Hardy, Community Services Director
1. Subject
title
Appropriation of $25,790.72 in Senior Mobility Program funds.
body
2. Summary
Appropriation of interest and additional revenue generated through the Measure M2 sales tax revenue in the amount of $25,790.72, received through the Senior Mobility Program administered by the Orange County Transportation Authority for the Senior Transportation Program.
3. Recommended Action
recommendation
Authorize the appropriation of $25,790.72 from the Traffic Improvement-Measure M2 unreserved fund balance to:
263.7041.51780.30151 Sr. Transportation 20-21 $ 643.15
263.7041.51780.30175 Sr. Transportation 21-22 $ 789.36
263.7041.51780.30191 Sr. Transportation 22-23 $24,358.21
end
4. Fiscal Impact
There is no direct fiscal impact to the City. The additional revenue received from the transportation agency and interest received will fund the expense for the Senior Mobility Program.
5. Strategic Plan Goals
Goal 3: Enhance and promote quality of life in the community.
a: Renovate, maintain, develop, and/or expand public use places and spaces.
6. Discussion and Background
Measure M2 Funds through the Senior Mobility Program (SMP)
The City entered into an agreement with Orange Elderly Services (OES) to administer the Senior Transportation Program using Measure M2 sales tax revenue funds, which the City receives from Orange County Transportation Authority (OCTA) through the Senior Mobility Program (SMP). Historically, the City budgets between $120,000 and $200,000 in annual Measure M2 revenues and expenditures for this program, based on estimated revenue OCTA provides to City staff. Any additional amount received must be appropriated through City Council action. Additionally, unspent revenue generates interest that the City may use toward the SMP program. All funds are required to be spent within three years of receipt.
To date, for the applicable program years, the City has collected and earned a total of $2,283.00 in SMP interest in excess of budgeted appropriations as noted below:
Fiscal Year Interest Collected
2020-21 $ 643.15
2021-22 $ 789.36
2022-23 $ 850.49
Total $2,283.00
In addition to the interest collected, the City also received a total of $23,507.72 in SMP revenue in FY 2022-23 beyond the budgeted amount of $159,121. Therefore, a total of $25,790.72 in SMP interest and additional revenue needs to be appropriated to spend the funds within the three-year period.
7. ATTACHMENTS
• None