Measure H & L Sales Tax Committee

CITY OF PLACERVILLE MEASURES H/L SALES TAX COMMITTEE MEETING AGENDA MONDAY, APRIL 15, 2024 OPEN SESSION: 6:00 PM TOWN HALL 549 MAIN STREET, PLACERVILLE, CA 95667 2024 Susan Rodman, Chairperson Garry Silvey, Vice-Chairperson Elizabeth Zangari, Secretary Thomas Cumpston, Committee Member Mickey Kaiserman, Committee Member Ryan Carter, Alternate Committee Member Advance Correspondence/Written Comments: You may submit your comments by e-mail to the Staff Liaison at dwarren@cityofplacerville.org, or you may submit your comments in-person at the Finance Department, City Hall – 1st Floor, 3101 Center Street by 2:00 p.m. the day before the meeting to give the Staff Liaison adequate time to forward your comments to the Committee. Please be aware that, while these comments will be provided to the members of the Committee and will become part of the public record, they will not be read aloud at the time of the meeting. Comments must not be slanderous and must relate to the business within the jurisdiction of the Committee. All written communication will be kept on file in the Finance Department. ________________________________________________________________________ Measures H/L Sales Tax Committee Meeting Page 1 Visit us on “The Web” at www.cityofplacerville.org 6:00 P.M. OPEN SESSION 1. CALL TO ORDER AND PLEDGE OF ALLEGANCE TO THE FLAG: 2. ROLL CALL: Carter, Cumpston, Kaiserman, Rodman, Silvey, Zangari 3. ADOPTION OF AGENDA: 4. PUBLIC COMMENT - BRIEF – NON-AGENDA ITEMS: 4.1 Written Communication 4.2 Oral Communication 5. MINUTES OF THE MEASURES H/L SALES TAX COMMITTEE MEETING OF FEBRUARY 5, 2024 (Mr. Warren): Recommendation by the Staff Liaison that the Measures H/L Sales Tax Committee approve the minutes of the Committee meeting held February 5, 2024. 6. STREETS, SEWER SYSTEM, AND WATER SYSTEM CAPITAL IMPROVEMENT PROGRAM PROJECT HIGHLIGHTS (Ms. McConnell): The Interim City Engineer will present a brief update on the major street, sewer system, and water system Capital Improvement Program (CIP) projects funded by the Measure H and/or Measure L sales taxes. 7. MEASURE H FUND QUARTERLY FINANCIAL REPORT AS OF DECEMBER 31, 2023 (Mr. Warren): Recommendation by the Staff Liaison that the Measures H/L Sales Tax Committee acknowledge and file the Measure H Fund financial report for the quarter ended December 31, 2023. ________________________________________________________________________ Measures H/L Sales Tax Committee Meeting Page 2 Visit us on “The Web” at www.cityofplacerville.org 8. MEASURE L FUND QUARTERLY FINANCIAL REPORT AS OF DECEMBER 31, 2023 (Mr. Warren): Recommendation by the Staff Liaison that the Measures H/L Sales Tax Committee acknowledge and file the Measure L Fund financial report for the quarter ended December 31, 2023. 9. HDL CALIFORNIA FORECAST SALES TAX TRENDS & ECONOMIC DRIVERS REPORT AS OF DECEMBER 2023 (Mr. Warren): A copy of the HDL California Forecast Sales Tax Trends & Economic Drivers report as of December 2023 is included in the agenda packet for informational purposes only. 10. DRAFT FISCAL YEAR 2024/2025 MEASURE H FUND AND MEASURE L FUND CAPITAL IMPROVEMENT PROGRAM BUDGETS (Ms. McConnell): The Interim City Engineer will present the draft Fiscal Year 2024/2025 Measures H Fund and Measure L Fund Capital Improvement Program Budgets and receive comments from the Committee and the Public. 11. WATER AND WASTEWATER COST OF SERVICE STUDY STATUS UPDATE (Mr. Warren): The Staff Liaison will provide a status update on the current water and wastewater cost of service study and receive input from the Committee. 12. CONSIDER RECOMMENDING TO THE CITY COUNCIL THE USE OF UP TO $1,016,070 IN FISCAL YEAR 2024/2025 MEASURE H FUND NET REVENUES FOR WATER RECLAMATION FACILITY DEBT SERVICE IN DEVELOPING THE CURRENT WATER AND WASTEWATER COST OF SERVICE STUDY (Mr. Warren): Recommendation by the Staff Liaison that the Measures H/L Sales Tax Committee recommend to the City Council the use of up to $1,016,070 in Fiscal Year 2024/2025 Measure H Fund net revenues for Water Reclamation Facility debt service in developing the current water and wastewater cost of service study. ________________________________________________________________________ Measures H/L Sales Tax Committee Meeting Page 3 Visit us on “The Web” at www.cityofplacerville.org 13. UPCOMING ITEMS: Items tentatively scheduled for the next Committee meeting include: Election of Officers, The Street, Sewer System, and Water System Capital Improvement Program project highlights, water and wastewater cost of service study update, Measure H Fund financial report for the quarter ended March 31, 2024, Measure L Fund financial report for the quarter ended March 31, 2024, HDL Trends & Economic Drivers Report as of December 2023, Measure H Fund balance projections for Fiscal Years 2023/2024 and 2024/2025, Measure L Fund balance projections for Fiscal Years 2023/2024 and 2024/2025, and the Proposed Fiscal Year 2024/2025 Measure H Fund and Measure L Fund Capital Improvement Program Budget, and the 2023 Water Usage Report. 14. REQUESTS FOR FUTURE AGENDA ITEMS (Mr. Warren): 15. NEXT MEETING: Monday, May 20, 2024 at 6:00 PM. 16. ADJOURNMENT: Pursuant to the Executive Order, and in compliance with the Americans with Disabilities Act, if you need special assistance to participate in the Committee meeting, please contact the Staff Liaison’s Office (530) 642-5223 within 48 hours of the meeting. Government Code 54950 (The Brown Act) requires that a brief description of each item to be transacted or discussed be posted at least 72 hours prior to a regular meeting. The City posts the Agenda on the City Hall window and on the City’s website: www.cityofplacerville.org. ________________________________________________________________________ Measures H/L Sales Tax Committee Meeting Page 4 Visit us on “The Web” at www.cityofplacerville.org  _____________________________________________________________ CERTIFICATION OF AGENDA POSTING I, David R. Warren, Staff Liaison/Assistant City Manager/Director of Finance of the City of Placerville, declare that the foregoing Agenda for the April 15, 2024, Meeting of the Measures H/L Sales Tax Committee was posted and available for review on April 12, 2024 at the City Hall of the City of Placerville, 3101 Center Street, Placerville, CA 95667. The Agenda is also available on the City website at www.cityofplacerville.org Attest: Staff Liaison/Assistant City Manager/Director of Finance ________________________________________________________________________ Measures H/L Sales Tax Committee Meeting Page 5 Visit us on “The Web” at www.cityofplacerville.org  CITY OF PLACERVILLE MEASURES H/L SALES TAX COMMITTEE MEETING MINUTES MONDAY, FEBRUARY 5, 2024 OPEN SESSION: 6:00 PM TOWN HALL 549 MAIN STREET, PLACERVILLE, CA 95667 2024 Susan Rodman, Chairperson Garry Silvey, Vice-Chairperson Elizabeth Zangari, Secretary Thomas Cumpston, Committee Member Mickey Kaiserman, Committee Member Ryan Carter, Alternate Committee Member 6:00 P.M. OPEN SESSION 1. CALL TO ORDER AND PLEDGE OF ALLEGANCE TO THE FLAG: The meeting was called to order at 6:00 PM by Chairperson Rodman, and the Pledge of Allegiance to the Flag was recited. 2. ROLL CALL: Present: Carter, Cumpston, Kaiserman, Rodman, Silvey, Zangari Absent: None ________________________________________________________________________ Measures H/L Sales Tax Committee Meeting Page 1 Visit us on “The Web” at www.cityofplacerville.org 3. ADOPTION OF AGENDA: It was moved by Committee Member Kaiserman and seconded by Vice- Chairperson Silvey to adopt the agenda as presented. The motion passed by the following vote: AYES: Cumpston, Kaiserman, Rodman, Silvey, Zangari NOES None ABSENT: None ABSTAIN: None 4. PUBLIC COMMENT - BRIEF – NON-AGENDA ITEMS: 4.1 Written Communication No written communication was received by the Committee. 4.2 Oral Communication No oral communication was received by the Committee. 5. MINUTES OF THE MEASURES H/L SALES TAX COMMITTEE MEETING OF DECEMBER 18, 2023 (Mr. Warren): Following discussion by the Committee, it was moved by Committee Member Cumpston and seconded by Vice-Chairperson Silvey to adopt the minutes for the Measures H/L Sales Tax Committee meeting held on December 18, 2023, as presented. The motion passed by the following vote: AYES: Cumpston, Kaiserman, Rodman, Silvey, Zangari NOES None ABSENT: None ABSTAIN: None 6. ANNUAL MEASURES H/L REPORT TO THE COMMUNITY (Ms. McConnell and Mr. Warren): The final version of the Annual Measures H/L Report to the Community as of June 30, 2023 that was distributed with the January 2024 utility bills was included in the agenda packet for informational purposes only. ________________________________________________________________________ Measures H/L Sales Tax Committee Meeting Page 2 Visit us on “The Web” at www.cityofplacerville.org 7. STREETS, SEWER SYSTEM, AND WATER SYSTEM CAPITAL IMPROVEMENT PROGRAM PROJECT UPDATE (Ms. McConnell): The Interim City Engineer presented a status update on all active street, sewer system, and water system Capital Improvement Program (CIP) projects and answered questions posed by the Committee. 8. MEASURE H FUND QUARTERLY FINANCIAL REPORT AS OF SEPTEMBER 30, 2023 (Mr. Warren): The Staff Liaison presented the Measure H Fund financial report for the quarter ended September 30, 2023 and responded to questions posed by the Committee. Following discussion by the Committee, it was moved by Vice- Chairperson Silvey and seconded by Committee Member Cumpston to acknowledge and file the Measure H Fund financial reports for the quarter ended September 30, 2023. The motion passed by the following vote: AYES: Cumpston, Kaiserman, Rodman, Silvey, Zangari NOES None ABSENT: None ABSTAIN: None 9. MEASURE L FUND QUARTERLY FINANCIAL REPORT AS OF SEPTEMBER 30, 2023 (Mr. Warren): The Staff Liaison presented the Measure L Fund financial report for the quarter ended September 30, 2023 and responded to questions posed by the Committee. Following discussion by the Committee, it was moved by Committee Member Cumpston and seconded by Committee Member Kaiserman to acknowledge and file the Measure L Fund financial reports for the quarter ended September 30, 2023. The motion passed by the following vote: AYES: Cumpston, Kaiserman, Rodman, Silvey, Zangari NOES None ABSENT: None ABSTAIN: None ________________________________________________________________________ Measures H/L Sales Tax Committee Meeting Page 3 Visit us on “The Web” at www.cityofplacerville.org 10. CONSIDER RECOMMENDING TO THE CITY COUNCIL A $105,000 BUDGET APPROPRIATION FROM THE MEASURE L FUND CONSTRUCTION RESERVE FOR THE BEE STREET STORM DRAIN REPAIR PROJECT (CIP #42424-Ms. McConnell): The Interim City Engineer presented the item and responded to questions posed by the Committee. Following discussion by the Committee, it was moved by Committee Member Kaiserman and seconded by Vice-Chairperson Silvey that the Measures H/L Sales Tax Committee recommend to the City Council a $105,000 budget appropriation from the Measure L Fund Construction Reserve for the Bee Street Storm Drain Repair project (CIP #42424). The motion passed by the following vote: AYES: Cumpston, Kaiserman, Rodman, Silvey, Zangari NOES None ABSENT: None ABSTAIN: None 11. WATER AND WASTEWATER COST OF SERVICE STUDY STATUS UPDATE (Mr. Warren): The Staff Liaison provided a status update on the current water and wastewater cost of service study and received input from the Committee. 12. CONSIDER RECOMMENDING TO THE CITY COUNCIL THE USE OF UP TO $1,016,070 IN FISCAL YEAR 2024/2025 MEASURE H FUND NET REVENUES FOR WATER RECLAMATION FACILITY DEBT SERVICE IN DEVELOPING THE CURRENT WATER AND WASTEWATER COST OF SERVICE STUDY (Mr. Warren): The Staff Liaison, Interim City Engineer, and the Director of Public Works presented the item and responded to questions posed by the Committee. Following discussion by the Committee, it was moved by Committee Member Cumpston and seconded by Committee Member Kaiserman that the Measures H/L Sales Tax Committee recommend to the City Council the use of up to $1,016,070 in Fiscal Year 2024/2025 Measure H Fund net revenues for Water Reclamation Facility debt service in developing the current water and wastewater cost of service study. ________________________________________________________________________ Measures H/L Sales Tax Committee Meeting Page 4 Visit us on “The Web” at www.cityofplacerville.org 13. UPCOMING ITEMS: Items tentatively scheduled for the next Committee meeting include: The Street, Sewer System, and Water System Capital Improvement Program project highlights, water and wastewater cost of service study update, Measure H Fund financial report for the quarter ended December 31, 2023, Measure L Fund financial report for the quarter ended December 31, 2023, HDL Trends & Economic Drivers Report as of December 2023. 14. REQUESTS FOR FUTURE AGENDA ITEMS (Mr. Warren): Chairperson Rodman requested an update on the replacement of Orangeburg sewer lines and a report on the City’s water usage in 2023. 15. NEXT MEETING: Monday, March 4, 2024 at 6:00 PM. 16. ADJOURNMENT: The meeting was adjourned at 7:41 PM by Chairperson Rodman. Dave Warren, Staff Liaison/Director of Finance Elizabeth Zangari, Secretary ________________________________________________________________________ Measures H/L Sales Tax Committee Meeting Page 5 Visit us on “The Web” at www.cityofplacerville.org  City of Placerville Measure H Sales Tax Receipts-4th Quarter a b c d e d÷b $ Increase/ % Increase/ Dates 2022 2023 (Decrease) (Decrease) Advance (December) $ 151,456.29 $ 152,760.59 $ 1,304.30 Advance (January) 100,145.52 98,395.31 (1,750.21) Quarterly Adjustment (February) 148,528.10 132,261.04 (16,267.06) Total quarter ended December 31st before adjustments 400,129.91 383,416.94 (16,712.97) -4.18% Less: Prior Period Adjustments (67,444.43) (77,511.14) (10,066.71) Total quarter ended December 31st after adjustments $ 332,685.48 $ 305,905.80 $ (26,779.68) -8.05% DRW/4/11/2024, 4:09 PM 1 Sales Tax Analysis FY 22-23 Quarter Ended 12-31-23  CITY OF PLACERVILLE MEASURE H MAJOR INDUSTRY GROUPS Major Industry Group Count 4Q23 4Q22 $ Change % Change Building and Construction 425 76,076 81,993 (5,918) -7.2% General Consumer Goods 2,467 64,667 74,813 (10,146) -13.6% Business and Industry 3,379 55,895 60,115 (4,220) -7.0% Fuel and Service Stations 50 54,310 47,245 7,065 15.0% Autos and Transportation 663 51,162 53,872 (2,710) -5.0% Restaurants and Hotels 174 48,305 47,065 1,239 2.6% Food and Drugs 103 26,462 29,196 (2,734) -9.4% Transfers & Unidentified 1,551 6,540 5,830 710 12.2% State and County Pools - 0 0 0 -N/A- Total 8,812 383,417 400,130 (16,713) -4.2% 4Q22 Compared To 4Q23 $100K $80K 4Q22 4Q23 $60K $40K $20K $0K Building General Business Fuel and Autos Restaurants Food State and and Consumer and Service and and and County Construction Goods Industry Stations Transportation Hotels Drugs Pools 4Q23 Percent of Total Food and Drug s Building and Restaurants Construction and Hotels 7% 20% 13% 14% 17% Autos General and 14% 15% Consumer Transportation Goods Fuel and Business Service and Stations Industry CONFIDENTIAL INFORMATION - DO NOT COPY OR DISTRIBUTE WITHOUT AUTHORIZATION 03/08/2024 4:20 pm HdL • 909.861.4335 • www.hdlcompanies.com Page 1 of 1  CITY OF PLACERVILLE MEASURE H ADJUSTED FOR MAJOR INDUSTRY GROUPS ECONOMIC DATA Major Industry Group Count 4Q23 4Q22 $ Change % Change Building and Construction 425 78,245 79,130 (885) -1.1% General Consumer Goods 2,467 64,122 77,037 (12,915) -16.8% Business and Industry 3,379 55,247 62,335 (7,088) -11.4% Autos and Transportation 663 52,581 62,631 (10,050) -16.0% Restaurants and Hotels 174 45,538 46,656 (1,119) -2.4% Fuel and Service Stations 50 41,721 41,201 520 1.3% Food and Drugs 103 26,172 33,260 (7,089) -21.3% Transfers & Unidentified 1,551 6,126 6,027 99 1.6% State and County Pools - 0 0 0 -N/A- Total 8,812 369,750 408,277 (38,527) -9.4% 4Q22 Compared To 4Q23 $80K $70K $60K 4Q22 4Q23 $50K $40K $30K $20K $10K $0K Building General Business Autos Restaurants Fuel and Food State and and Consumer and and and Service and County Construction Goods Industry Transportation Hotels Stations Drugs Pools 4Q23 Percent of Total Food and Drug s Building Fuel and and Service Construction Stations 7% 22% 11% Restaurants 13% and 18% Hotels 14% 15% General Consumer Goods Autos and Business Transportation and Industry CONFIDENTIAL INFORMATION - DO NOT COPY OR DISTRIBUTE WITHOUT AUTHORIZATION 03/08/2024 4:20 pm HdL • 909.861.4335 • www.hdlcompanies.com Page 1 of 1  City of Placerville Unfunded/Under Funded Measure H Fund Projects Fiscal Year 2023/2024 As of December 31, 2023 Committee Available Recommended Measure H Measure H Funding to Unfunded Project Title Project Code Fund Budget Date Amount Broadway Maintenance Project-From Mosquito Road 42003 $ 200,000 $ 115,267 $ 84,733 to Schnell School Road Hocking Street Sewer Line Replacement 42245 450,000 - 450,000 Annual Sewer Collection Maintenance Project - 42331 25,000 - 25,000 Various Locations Secondary Clarifier No. 1 Protective Coating 42413 25,000 - 25,000 Annual Sewer Enterprise Fund Debt Service N/A 516,070 516,070 - Measure H Fund Construction Reserve N/A 356,900 - 356,900 Total $ 1,572,970 $ 631,337 $ 941,633 DRW/ 4/11/2024, 8:24 PM Measure H Unfunded Project List FY 23-24 as of 12-31-23  CITY OF PLACERVILLE Statement of Net Position Measure H Fund Fiscal Year 2023/2024 As of December 31, 2023 Assets: Cash and investments $ 2,964,671 Receivables: Accounts - Interest - Total Assets 2,964,671 Liabilities: Accounts payable - Due to other funds - Total Liabilities - Net Position: Unrestricted 2,964,671 Total Net Position $ 2,964,671 Authorized Fund Balance Commitments: Placerville Station II-Mosquito Road Waterline $ 158,812 Replacement (CIP #407082) Sewer Line Relocation-Clay Street to Locust Street (CIP 28,768 #41202) Mosquito Road Sewer Main Replacement (CIP #41823) 7,771 Cedar Ravine Road Sewer Line Replacement (CIP 169,297 #41825) Modular Treatment Unit (MTU) Servicing (CIP #41901) 44,790 Broadway Maintenance Project-From Mosquito Road to 125,009 Schnell School Road (CIP #420033-to balance ) Storm Drain Replacement-Intersection of Broadway and 50,000 Schnell School Road (CIP #42004) Myrtle Avenue Sewer Line Repair (42010) 115,000 Cribbs Lift Station Maintenance (CIP #42011) 4,738 Modular Treatment Unit (MTU) No. 1 Servicing and 38,308 Underdrain Replacement (CIP #42107) Secondary Clarifier No. 1 Mechanism Replacement (CIP - #42108) DRW/4/11/2024, 8:20 PM 1 Measure H Fund FS FY 23-24 as of 12-31-23  CITY OF PLACERVILLE Statement of Net Position Measure H Fund Fiscal Year 2023/2024 As of December 31, 2023 Water Reclamation Facility Digester #1 Service (CIP 40,086 #42109) Giovanni Road Sewer Line Replacement (CIP #42224) 19,589 Garden Loop Sewer Line Replacement (CIP #42225) 25,000 Myrtle Avenue Sewer Main Replacement (CIP #42226) 25,000 Aeration Basin Blower No. 2 Replacement (CIP #42230) 84,013 Turbidity Meter Replacement (CIP #42231) 4,625 Secondary Scum Pumps Replacement (CIP #42232) 8,905 Waste Gas Flare Control System (CIP #42234) 9,041 Secondary Clarifier No. 3 Drive Unit (CIP #42235) 25,000 Hocking Street Sewer Line Replacement (CIP #42245) 453,797 Annual Sewer Collection System Maintenance-Various 50,000 Locations (CIP #42331) Acacia Way Sewer Line Replacement (CIP #42332) 25,000 Sewer Enterprise Fund Debt Service 516,070 Construction Reserve 856,052 Operating Reserve 80,000 Total Authorized Fund Balance Commitments 2,964,671 Unassigned Fund Balance: - Total Ending Fund Balance $ 2,964,671 DRW/4/11/2024, 8:20 PM 2 Measure H Fund FS FY 23-24 as of 12-31-23  CITY OF PLACERVILLE Statement of Revenues, Expenses and Changes in Net Position Measure H Fund Fiscal Year 2023/2024 As of December 31, 2023 % Adopted $ Remaining Remaining Budget Actual Budget Budget Operating Revenues: Sales tax $ 1,472,000 $ 530,641 $ 941,359 63.95% Total Operating Revenues 1,472,000 530,641 941,359 63.95% Operating Expenses: General and administrative - - - 0.00% Total Operating Expenses - - - 0.00% Operating Income (Loss) 1,472,000 530,641 941,359 63.95% Nonoperating Revenues and (Expenses): Interest earnings 15,000 21,956 (6,956) -46.37% Total Nonoperating Revenues 15,000 21,956 (6,956) -46.37% Income (Loss) Before Transfers 1,487,000 552,597 934,403 62.84% Transfers in - - - 0.00% Transfers out (1,472,000) - (1,472,000) 100.00% Total Transfers (1,472,000) - (1,472,000) Net Income (Loss) 15,000 552,597 (537,597) Net Position: Beginning of year 2,412,074 End of year $ 2,964,671 DRW/4/11/2024, 8:20 PM 3 Measure H Fund FS FY 23-24 as of 12-31-23  City of Placerville Measure L Sales Tax Receipts-4th Quarter a b c d e d÷b $ Increase/ % Increase/ Dates 2022 2023 (Decrease) (Decrease) Advance (December) $ 302,792.42 $ 305,331.14 $ 2,538.72 Advance (January) 201,621.35 196,749.77 (4,871.58) Quarterly Adjustment (February) 296,463.93 264,523.57 (31,940.36) Total quarter ended December 31st before adjustments 800,877.70 766,604.48 (34,273.22) -4.28% Less: Prior Period Adjustments (135,505.95) (154,792.38) (19,286.43) Total quarter ended December 31st after adjustments $ 665,371.75 $ 611,812.10 $ (53,559.65) -8.05% DRW/4/11/2024, 4:17 PM 1 Sales Tax Analysis FY 22-23 Quarter Ended 12-31-23  CITY OF PLACERVILLE MEASURE L MAJOR INDUSTRY GROUPS Major Industry Group Count 4Q23 4Q22 $ Change % Change Building and Construction 444 152,763 164,430 (11,667) -7.1% General Consumer Goods 2,456 128,645 147,894 (19,249) -13.0% Business and Industry 3,427 110,661 120,241 (9,580) -8.0% Fuel and Service Stations 51 108,620 94,490 14,130 15.0% Autos and Transportation 667 103,281 109,652 (6,371) -5.8% Restaurants and Hotels 175 96,608 94,131 2,477 2.6% Food and Drugs 103 52,922 58,378 (5,456) -9.3% Transfers & Unidentified 1,554 13,104 11,661 1,443 12.4% State and County Pools - 0 0 0 -N/A- Total 8,877 766,604 800,878 (34,273) -4.3% 4Q22 Compared To 4Q23 $180K $160K $140K 4Q22 4Q23 $120K $100K $80K $60K $40K $20K $0K Building General Business Fuel and Autos Restaurants Food State and and Consumer and Service and and and County Construction Goods Industry Stations Transportation Hotels Drugs Pools 4Q23 Percent of Total Food and Drug s Building and Restaurants Construction and Hotels 7% 20% 13% 14% 17% Autos General and 14% 15% Consumer Transportation Goods Fuel and Business Service and Stations Industry CONFIDENTIAL INFORMATION - DO NOT COPY OR DISTRIBUTE WITHOUT AUTHORIZATION 03/08/2024 4:18 pm HdL • 909.861.4335 • www.hdlcompanies.com Page 1 of 1  CITY OF PLACERVILLE MEASURE L ADJUSTED FOR MAJOR INDUSTRY GROUPS ECONOMIC DATA Major Industry Group Count 4Q23 4Q22 $ Change % Change Building and Construction 444 157,214 158,854 (1,640) -1.0% General Consumer Goods 2,456 127,444 152,577 (25,134) -16.5% Business and Industry 3,427 108,444 123,656 (15,212) -12.3% Autos and Transportation 667 107,196 127,098 (19,902) -15.7% Restaurants and Hotels 175 91,082 93,313 (2,231) -2.4% Fuel and Service Stations 51 83,441 82,402 1,039 1.3% Food and Drugs 103 52,327 66,520 (14,193) -21.3% Transfers & Unidentified 1,554 12,321 12,054 267 2.2% State and County Pools - 0 0 0 -N/A- Total 8,877 739,468 816,474 (77,006) -9.4% 4Q22 Compared To 4Q23 $160K $140K $120K 4Q22 4Q23 $100K $80K $60K $40K $20K $0K Building General Business Autos Restaurants Fuel and Food State and and Consumer and and and Service and County Construction Goods Industry Transportation Hotels Stations Drugs Pools 4Q23 Percent of Total Food and Drug s Building Fuel and and Service Construction Stations 7% 22% 11% Restaurants 13% and 18% Hotels 15% 15% General Consumer Goods Autos and Business Transportation and Industry CONFIDENTIAL INFORMATION - DO NOT COPY OR DISTRIBUTE WITHOUT AUTHORIZATION 03/08/2024 4:18 pm HdL • 909.861.4335 • www.hdlcompanies.com Page 1 of 1  City of Placerville Unfunded/Under Funded Measure L Fund Projects Fiscal Year 2023/2024 As of December 31, 2023 Committee Available Recommended Measure L Project Measure L Funding to Unfunded Project Title Code Fund Budget Date Amount Broadway Sidewalks 41606 $ 300,000 $ 300,000 $ - Placerville Drive Bike and Pedestrian Facility 41816 150,000 - 150,000 Improvements Broadway Maintenance Project-From Mosquito 42003 1,000,000 258,806 741,194 Road to Schnell School Road Annual Water Valve Replacement 42207 50,000 - 50,000 Annual Storm Drain Compliance 42212 40,000 - 40,000 Smith Flat Road Storm Drain and Paving 42213 100,000 - 100,000 Local Roadway Safety Plan 42248 25,000 - 25,000 Annual Road Patch Paving and Maintenance - 42321 50,000 - 50,000 Various Locations Annual Striping and Signage Maintenance-Various 42322 50,000 - 50,000 Locations Annual Water Distribution Maintenance Project- 42329 50,000 - 50,000 Various Locations Canal Street Phase 1 - Combellack Road to Cougar 42402 111,728 - 111,728 Lane Canal Street Phase 1A - Combellack Road Sidewalk 42403 101,510 - 101,510 Canal Street Phase 2 - Cougar Lane to US Highway 42404 90,000 - 90,000 50 DRW/ 4/12/2024, 10:02 AM 1 Measure L Unfunded Project List FY 23-24 as of 12-31-23  City of Placerville Unfunded/Under Funded Measure L Fund Projects Fiscal Year 2023/2024 As of December 31, 2023 Committee Available Recommended Measure L Project Measure L Funding to Unfunded Project Title Code Fund Budget Date Amount Pierroz Road and Cold Springs Road Storm Drain 42405 25,000 - 25,000 Debbie Lane Storm Drain Maintenance 42406 50,000 - 50,000 Wiltse Road Storm Drain 42407 200,000 - 200,000 Measure L Fund Construction Reserve N/A 803,308 803,308 - Total $ 3,196,546 $ 1,362,114 $ 1,834,432 DRW/ 4/12/2024, 10:02 AM 2 Measure L Unfunded Project List FY 23-24 as of 12-31-23  City of Placerville Measure L Fund Construction Reserve As of December 12, 2023 Date Resolution No. Description Amount Balance Balance Effective July 1, 2023 $ 1,235,805 $ 1,235,805 10/24/23 9248 Water Reclamation Facility Driveway Paving project (40,000) 1,195,805 (CIP #42333) 12/12/23 9260 Placerville Drive at Hangtown Creek Bridge (25,000) 1,170,805 Replacement project (CIP #41410) 12/12/23 9259 Placerville Drive Bicycle & Pedestrian Facility (250,000) 920,805 Improvements (CIP #41816) 12/31/24 N/A From Measure L Fund Net Revenues 803,308 1,724,113 Total $ 1,724,113 DRW/ 4/12/2024, 9:10 AM Measure L Fund Construction Reserve as of 12-12-23 (Version #2)  CITY OF PLACERVILLE Statement of Net Position Measure L Fund Fiscal Year 2023/2024 As of December 31, 2023 Assets: Cash and investments $ 8,352,912 Receivables: Accounts - Interest - Total Assets 8,352,912 Liabilities: Accounts payable - Due to other funds - Total Liabilities - Net Position: Unrestricted 8,352,912 Total Net Position $ 8,352,912 Authorized Fund Balance Commitments: Placerville Station II-Overlay (CIP #407081) $ 245,607 Placerville Station II-Mosquito Road Waterline 358,360 Replacement (CIP #407082) Sewer Line Relocation-Clay Street to Locust Street (CIP 322,776 #41202) Placerville Drive Bridge Widening (CIP #41410) 112,246 Broadway Sidewalks (CIP #41606) 454,556 Placerville Drive Bicycle and Pedestrian Facility 350,000 Improvements (CIP #41816) Canal Street Reconstruction (CIP #41821) 67,445 Inflow & Infiltration Reduction (CIP #41824) 91,579 Cedar Ravine Road Sewer Line Replacement (CIP 154,597 #41825) Ray Lawyer Drive Pavement Rehabilitation-From 29,994 Placerville Drive to Fair Lane and Armory Drive (CIP #41906) Conrad Street Sewer Line Replacement-Coloma Street to 200,550 Cottage Street (CIP #41916) Broadway Maintenance Project-From Mosquito Road to 1,071,735 Schnell School Road (CIP #42003)-to balance DRW/4/12/2024, 10:02 AM 1 Measure L Fund FS FY 23-24 as of 12-31-23  CITY OF PLACERVILLE Statement of Net Position Measure L Fund Fiscal Year 2023/2024 As of December 31, 2023 Storm Drain Replacement at the Intersection of 10,654 Broadway and Schnell School Road (CIP #42004) Water Valve Replacement (CIP #42007) 141,980 Benham Street Pavement Rehabilitation (CIP #42103) 21,444 Lead Water Service Replacement (CIP #42106) 141,785 Modular Treatment Unit (MTU) No. 1 Servicing and 190,000 Underdrain Replacement (CIP #42107) Dimity Lane Repaving (CIP #42203) 14,054 Coon Hollow Road Repaving (CIP #42204) 3,638 Middletown Road Repaving (CIP #42205) 7,179 Thompson Way Repaving (CIP #42206) 146,417 Sherman Street Repaving (CIP #42208) 47,176 Cedar Ravine Culvert Replacement (CIP #42211) 25,000 Annual Storm Drain Compliance (CIP #42212) 39,062 Smith Flat Road Storm Drain and Paving (CIP #42213) 300,000 Bedford Avenue Utilities and Repaving (CIP #42214) 25,000 Coloma Street Utilities and Repaving (CIP #42215) 25,000 Ronald Loop Utilities and Repaving (CIP #42216) 25,000 Lewis Street Utilities and Paving (CIP #42217) 25,000 Clark Street Utilities and Paving (CIP #42218) 25,000 Darlington Avenue Utilities and Paving (CIP #42219) 25,000 Lead Water Service Replacement (CIP #42220) 38,406 Conrad Street Water Main Replacement (CIP #42221) 25,000 Cottage Street Water Main Replacement (CIP #42222) 25,000 Miller Way Sewer Line and Waterline Replacement (CIP 25,000 #42223) Local Roadway Safety Plan (CIP #42248 2,640 Clay Street Patch Paving and Slurry-From Coleman Street 60,000 to Franklin Court (CIP #42250) Martin Lane Maintenance (CIP #42311) 25,000 Conrad Court Maintenance (CIP #42312) 25,000 Bee Street Maintenance (CIP #42313) 25,000 Coleman Street Maintenance (CIP #42314) 25,000 Pleasant Street Maintenance (CIP #42315) 25,000 DRW/4/12/2024, 10:02 AM 2 Measure L Fund FS FY 23-24 as of 12-31-23  CITY OF PLACERVILLE Statement of Net Position Measure L Fund Fiscal Year 2023/2024 As of December 31, 2023 Hocking Street Culvert Repair Improvements (CIP 50,000 #42316) Reservoir Street Maintenance (CIP #42317) 50,000 Sacramento Street Maintenance (CIP #42318) 50,000 Jacquier Road Paving (CIP #42319) 200,000 Storm Drain Replacement-Upper Broadway and Point 150,000 View Drive (CIP #42320) Annual Patch Paving and Maintenance-Various Locations 140,000 (CIP #42321) Annual Street Striping and Signage Maintenance-Various 120,000 (42322) Upper Main Street Maintenance (CIP #42323) 125,000 Sheridan Street Paving (CIP #42324) 82,432 Mallard Lane Maintenance (CIP #42325) 25,000 Washington Street Maintenance (CIP #42326) 25,000 Bear Rock Road Rehabilitation (CIP #42327) 19,818 Annual Water Distribution Maintenance-Various 120,000 Locations (CIP #42329) Lead Water Service Line Replacement (CIP #42330) 150,000 Annual Sewer Collection System Maintenance-Various 50,000 Locations (CIP #42331) Water Reclamation Facility Driveway Paving (CIP 100,000 #42333) Gravity Belt Thickener Poly Blend Unit Replacement 35,000 (CIP #42334) Activated Sludge Pump No. 3 Replacement (CIP 25,000 #42335) Forni Road Storm Drain Repair (CIP #42345) 112,669 Construction Reserve 1,724,113 Operating Reserve - Total Authorized Fund Balance Commitments 8,352,912 Unassigned Fund Balance: - Total Ending Fund Balance $ 8,352,912 DRW/4/12/2024, 10:02 AM 3 Measure L Fund FS FY 23-24 as of 12-31-23  CITY OF PLACERVILLE Statement of Revenues, Expenses and Changes in Net Position Measure L Fund Fiscal Year 2023/2024 As of December 31, 2023 % Adopted $ Remaining Remaining Budget Actual Budget Budget Operating Revenues: Sales tax $ 2,941,000 $ 1,067,786 $ 1,873,214 63.69%0 Total Operating Revenues 2,941,000 1,067,786 1,873,214 63.69% Operating Expenses: General and administrative - - - 0.00% Total Operating Expenses - - - 0.00% Operating Income (Loss) 2,941,000 1,067,786 1,873,214 63.69% Nonoperating Revenues and (Expenses): Interest earnings 76,000 65,584 10,416 13.71% Total Nonoperating Revenues 76,000 65,584 10,416 0.00% Income (Loss) Before Transfers 3,017,000 1,133,370 1,883,630 62.43% Transfers in - - - 0.00% Transfers out - - - 0.00% Total Transfers - - - Net Income (Loss) 3,017,000 1,133,370 1,883,630 Net Position: Beginning of year 7,219,542 End of year $ 8,352,912 DRW/4/12/2024, 10:02 AM 4 Measure L Fund FS FY 23-24 as of 12-31-23 CALIFORNIA FORECAST SALES TAX TRENDS & ECONOMIC DRIVERS DECEMBER 2023 San Bernadino County 888.861.0220 | solutions@hdlcompanies.com | hdlcompanies.com  STATEWIDE 2023/24 | 2024/25 SALES TAX TRENDS TOTAL -0.2% | 2.1% Overview: Confounding some economy experts, consumer spending did not plunge in 2023. Even as product prices, consumer patterns and world influences vacillated through the post pandemic economy these past two years, HdL has consistently not forecasted a recession-based sales tax outlook. Recent trends show inflation has cooled, although not yet hit desired Federal Reserve targets. Interest rate hikes kept borrowing costs for homes, transportation, and equipment above 2022 levels. Financing costs are expected to begin a gradual descent in the back half of 2024. Households should stay on a path of placing greater spending priorities on essential items while deferring non-essential purchases when possible. 2023/24 | 2024/25 2023/24 | 2024/25 Autos/Transportation -2.1% | 2.0% Fuel/Service Stations -1.2% | 0.2% Vehicle owners face the highest level of negative equity in over three Tax generators experienced a temporary spike in prices of regular, years, a consequence of soaring prices and financing burdens that diesel, jet fuel and crude oil late in the third quarter and early fourth have created a precarious situation for recent buyers. Repossessions quarter of 2023. Given ongoing volatility across the globe, this surge are on the rise as used car values plummet from their peak just a year mitigated a portion of the anticipated drop in associated sales tax in ago, intensifying financial strain on shoppers, particularly those with the third quarter (meaning revenues fell, but less than was forecast). suboptimal credit scores. Consequently, tax revenue from the auto- In addition, future outcomes show a shallower reduction than the transportation sector is anticipated to dip slightly over the next three previously anticipated change for the fourth quarter of 2023. The quarters. However, as the Federal Reserve gradually relaxes monetary forecast now reflects slower historical patterns of growth for the policies in the upcoming year, there is expectancy of a resurgence 2024 calendar year and long-term annual gains of 2% from fiscal years powered by the release of significant pent-up demand that has 2025-2026 through 2028-2029. accumulated since the onset of the pandemic. General Consumer Goods -0.9% | 1.4% Building/Construction -0.8% | 3.5% The third quarter 2023 performance slightly outpaced our Cement and asphalt batch plant activity appears to be growing because expectations but still sustained a mild contraction in tax payments. of heightened infrastructure work around the state in addition to This was driven by tighter family budgets while previously mentioned delayed repair projects related to last year’s storms. Roofing supply headwinds permeated the economy in the form of elevated interest houses and roofing contractors also saw large sales increases this rates, diminished savings, and the anticipation of student loan debt fall. Lumber prices have plateaued, but most other commodity rates payments resuming. Most recent readings of consumer confidence are still increasing. Big-box home improvement centers are drawing and sentiment reflect favorable expectations for general merchandise fewer customers as shoppers forego appliances and other big-ticket sellers. Many retailers have kept their guidance stagnant but strength outlays. Recent mortgage interest rate declines did little to benefit remains in off-price concepts as consumers enjoy the treasure hunt new development but with rates expected to move toward their new experience. The outlook for the group remains soft with mild growth base by the middle of 2024, new home and commercial development returning in the second half of 2024. are expected to accelerate, sparking gradual growth in overall sales that stabilizes in fiscal year 2026-27. Restaurants/Hotels 2.9% | 3.7% Menu prices should continue to rise, but at a slower pace than last Business/Industry 2.3% | 2.2% year. In 2Q24, AB 1228 takes effect, requiring new minimum wages As predicted, results rose 3.7% over the year ago quarter – primarily for fast-food restaurants (defined as part of a national fast-food chain driven by fulfillment center revenues. Accounting for nearly 30% of with sixty or more establishments Nationally). This law contributes total revenues, fulfillment centers expanded as ecommerce leans into to these rising prices; of note, a few major corporations already satisfying more orders from California-based warehouses (places announced intent to pass costs along to patrons. Restaurants are of sale). Overall, the group posted mixed results. Gains by trailers/ strategically offering deals to entice consumers to keep eating out. auto parts and energy/utilities were partially offset in reductions of Hotel room rates should flatten out, but not drop as vacancy levels other segments. Heavy and light industry faced inventory, pricing, remain steady. The one segment that is seeing decline is fine dining as labor and demand challenges that drove down returns significantly. guests opt for more price-conscious alternatives. Considering the influencing variables for these various sectors, HdL projects modest overall improvement for this diverse category. Given State and County Pools -1.1% | 2.0% its unique composition, jurisdictional predictions vary based on the Long-standing eccentricity in sales tax laws led to use taxes paid into size and character of these companies within each community. county pools declining for the fourth consecutive quarter. Returns for many online merchants are up. More in-state fulfillment has diverted Food/Drugs 0.1% | 2.0% tax allocations away from pools and toward fulfillment center sites Grocery stores climbed 2.3% in 3Q23 from priced-based gains as as noted in the Business-Industry group, however. Early holiday inflationary pressures pushed up revenues despite smaller volumes. sales reports showed ecommerce trends produced greater shopper Convenience and drug stores saw weaker sales as consumers penetration as increases for the entire Cyber 5 period (Thanksgiving became price sensitive, diverting spending to retailers that are more through Cyber Monday) rose at a faster pace than the same period affordable or offer better deals. Cannabis declined 3.3% as demand of 2022. Acknowledging continuously changing tax distributions to softened when compared to the spike during the pandemic. Further, local agencies along with more buy online, pick up in store activity, FY competitive merchant pressure caused a significant drop in the price 2023-24 results fell slightly. Outer year’s projections capture 2 to 3% of cannabis products. Drug stores should experience shifting in brand per annum growth for pool-based revenues. loyalty as one of the major chains begins closing locations throughout the state. Nevertheless, food-drugs should rise modestly at 1% in the short term, gradually increasing to 2% in fiscal year 2024-25. HdL Companies California Forecast December 2023  NATIONAL AND STATEWIDE ECONOMIC DRIVERS 2023/24 | 2024/25 2023/24 | 2024/25 U.S. Real GDP Growth 2.5% | 1.9% U.S. Unemployment Rate 3.9% | 4.3% Real GDP growth in the third quarter of 2023 came in at 5.2%, a Unemployment in the nation remains rock bottom with rates at significant acceleration from 2.1% growth in the second quarter. 3.7% in November, and 3.7% overall in the third quarter of 2023. In Consumer spending and inventory investment largely drove rapid GDP October, there were 0.7 unemployed persons for every job opening, growth in the third quarter. The U.S. consumer remains a powerhouse, indicating a tight labor market, despite higher interest rates. The U.S. constituting nearly 70% of all economic activity in the nation. Beacon job openings rate was 5.3% in October, 2.1 percentage points lower than its peak of 7.4% in March 2022, but still higher than before the Economics’ forecast also calls for a slowing (not recession) of economic pandemic. Moreover, the labor force participation rate continues to growth in 2024 from the current pace, seeing a different pattern of increase, suggesting that rising income is having the expected effect of growth than the Fed. Beacon predicts that consumer demand may expanding labor supply, albeit at too slow of a pace. continue to keep inflation above the Fed’s target. This, in turn, means the Fed may not loosen as they are predicting, leading to a more CA Residential challenging environment for credit-sensitive parts of the economy. According to the GDPNow estimate from the Atlanta Fed, growth in Building Permits 140,295 | 146,633 the fourth quarter of 2023 could come in between 2% and 3%. California’s housing shortage is deep. By some estimates, the state was 3.5 million homes short of what it needed to accommodate its population in 2016. While the state has been building housing units CA Unemployment Rate 4.7% | 5.0% at a rapid pace (about 450,000 units since the beginning of 2020 to On a quarterly basis, employment has declined in each month going the third quarter of 2023, according to the California Department back to July. Similarly, the state’s unemployment rate increased to 4.8% of Finance), that pace of building will need to be sustained and/or in October, up from 4.1% a year earlier. During the peak of California’s accelerated over a decade or more to change the market. Additionally, labor market in July 2022, there were roughly 2 job openings for every the CDF’s updated forecasts showing a flatlined population growth unemployed worker. Since then however, the number of job openings in California over the next several decades will also need to hold. and job seekers has converged. In September 2023, there were an estimated 911,000 job openings and 913,500 job seekers, yielding a ratio of 1.003. A ratio of 1 means there is 1 job opening for every CA Median Existing unemployed person. Home Price $696,863 | $723,489 After nine months of year-over-year declines stretching back to CA Total Nonfarm October 2022, the median sale price for an existing single-family home Employment Growth 1.9% | 0.7% in California returned to growth in July, rising 1.3%. Since then, price growth has accelerated, reaching 7.6% year-over-year in October After 29 months of post-pandemic job growth dating back to April 2023, the most recent month of data available. Currently, home prices 2021, employment growth in California was flat in September and are 38.5% above the pre-pandemic peak in February 2020, and 1.6% declined in October. California’s total nonfarm employment has below the pandemic peak in March 2022. On a quarterly basis, Beacon grown 17.9% since the trough of the pandemic; however, employment Economics expects home prices to surpass the pandemic peak by mid declined 0.2% year-over-year in October, the latest data available. 2024. The state’s severe housing shortage is a major reason why prices Furthermore, on a quarterly basis, employment has declined in each have returned to growth even though sales are still declining. Existing month going back to July. The cooling labor market is a lagged response homeowners who are reluctant to sell because they are “locked-in” to to interest rate hikes during the past year and a half. Additionally, low mortgage rates are further exacerbating the housing shortage. employment growth in California is constrained by the state’s high housing costs, which have contributed to significant net domestic migration losses. Proposition 172 While Proposition 172 (the 1/2 cent tax rate designated for Public Safety) projections closely track with the statewide Bradley-Burns, calculations vary somewhat due to the state’s allocation methodology. HdL projects an average statewide decrease of 0.52% for fiscal year 2023-24 and a 2.17% increase for fiscal year 2024-2025. Estimates capture the recent change in county allocation factors published by the State Controller’s Office in August 2023. As Bradley-Burns countywide pool taxes diminish reflecting the shift to direct allocations for some internet-related sales, Proposition 172 pro-rata factors can swing considerably up or down for many counties. Watch our webinar for more info! HdL Companies California Forecast December 2023  City of Placerville Initial Draft Measures H Fund and Measure L Fund Capital Improvement Program Budget Fiscal Year 2024/2025 As of April 12, 2024 TOTAL PROJECT REVISED MEASURE H MEASURE L OTHER PROPOSED ID PROJECT NAME CIP NO. BUDGET FUND FUND FUNDS BUDGET ADDITIONAL INFORMATION HBP- Addit. R/W Acquisition Funds (Measure L 1 Placerville Drive Bridge Replacement 41410 $ 1,386,681 $ - $ 22,940 $ 177,060 $ 1,586,681 as Match, Sewer Easements) CMAQ- Final Design and R/W Funds (Measure L 2 Canal Street Phase 1 42402 974,088 - 60,322 465,590 1,500,000 as local match) Urban STBGP- Final Design and R/W Funds 3 Canal Street Phase 2 42404 450,000 - 66,000 390,000 906,000 (Measure L as local match) Design funding ($200k) and Construction ($1.4M), 4 Smith Flat Road Paving and Storm Drain Project 42213 600,000 200,000 1,200,000 200,000 2,200,000 STBGP funds = $200,000. CON in Spring 2025 Additional Con funds - Combine w/ Point View. 5 Wiltse Rd Storm Drain Repair 42407 200,000 - 500,000 - 700,000 CON in Spring 2025 Additional Con funds - Combine w/ Wiltse. CON 6 Storm Drain Replacement - Point View 42320 150,000 - 200,000 - 350,000 in Spring 2025 Additional funds for design ($50k) and 7 Gionvanni Rd Sewer Line Replacement 42224 25,000 - - 400,000 425,000 construction ($350k). CON in Fall 2024 8 Sewer Relocation - Clay to Locust 41202 620,000 - 250,000 - 870,000 Funds for final design, Construction Spring 2026 Additional funds for design and construction. 9 Thompson Way Repaving 42206 150,000 - 225,000 - 375,000 CON Summer 2025 Additional funds for design and construction. 10 Sherman Street Paving 42208 50,000 - 25,000 - 75,000 CON Summer 2026 4/12/2024, 4:26 PM 1 Draft 24-25 Priority H-L Projects as of 04-11-24 (MM,DW)  City of Placerville Initial Draft Measures H Fund and Measure L Fund Capital Improvement Program Budget Fiscal Year 2024/2025 As of April 12, 2024 TOTAL PROJECT REVISED MEASURE H MEASURE L OTHER PROPOSED ID PROJECT NAME CIP NO. BUDGET FUND FUND FUNDS BUDGET ADDITIONAL INFORMATION Additional funds for design and construction. 11 Sheridan Street Paving 42324 85,000 - 40,000 - 125,000 CON Summer 2026 12 Annual Storm Drain Compliance 42212 20,000 - 20,000 - 40,000 13 Tunnel Street Maintenance - Phase 1 TBD - - 25,000 - 25,000 Project scoping 14 WRF - Boiler Replacement TBD - - - 120,000 120,000 Eng + Construction 15 WRF - Flame Arrestors TBD - - - 42,000 42,000 Eng + Construction 16 WRF - Recoating Primary Clarifier #1 TBD - - - 200,000 200,000 Eng + Construction 17 WRF - Coating of Non-Potable Water Basins TBD - - - 50,000 50,000 Engineering 18 WRF - UV Plugs Replacement TBD - - - 85,000 85,000 Eng + Construction 19 WRF - Anaerobic Sludge Pump #5 TBD - - - 30,000 30,000 Eng + Construction 20 Sewer Enterprise Fund Debt Service N/A - 516,070 - - 516,070 Legacy annual debt service. Estimated Additional Sewer Enterprise Fund Debt 21 Service N/A - 500,000 - - 500,000 This is a new item. The actual amount TBD. Construction reserve to be utilized on previously Construction Reserve approved projects. (Holding for CIP 41202 for 22 (Measure H) N/A 340,000 180,000 - - 520,000 construction in Spring 2026) Construction Reserve Construction reserve to be utilized on previously 23 (Measure L) N/A 257,000 - 165,000 - 422,000 approved projects Total $ 5,307,769 $ 1,396,070 $ 2,799,262 $ 2,159,650 $ 11,662,751 4/12/2024, 4:26 PM 2 Draft 24-25 Priority H-L Projects as of 04-11-24 (MM,DW)