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HomeMy WebLinkAboutCSTOC_2015-12-14_Agenda Packet SPECIAL MEETING CITY OF ATASCADERO CITIZENS’ SALES TAX OVERSIGHT COMMITTEE1 AGENDA Monday, December 14, 2015 6:00 P.M. City Hall Club Room, 4th Floor 6500 Palma Avenue, Atascadero, California (Enter on Lewis Avenue) CALL TO ORDER: ROLL CALL: Chairperson Bill Hatch, Atascadero Kiwanis Vice-Chairperson Robert “Grigger” Jones, Atascadero Chamber of Commerce Committee Member Grenda Ernst, Friends of the Atascadero Library Committee Member Andrea Greenaway, Veterans Memorial Foundation Committee Member Kathe Hustace, Atascadero Association of Realtors Committee Member Jerry Martin, Moose Lodge #2067 Committee Member Michael Shaw, At-Large Committee Member Carol Simonin, Quota International Committee Member Chuck Ward, At-Large AP PROVAL OF AGENDA: PRESENTATIONS: None 1 Established for the oversight of the 2014 Sales Tax Measure PUBLIC COMMENT: (This portion of the meeting is reserved for persons wanting to address the Committee on any matter not on this agenda and over which the Committee has jurisdiction. Speakers are limited to three minutes. Please state your name for the record before making your presentation. The Committee may take action to direct the staff to place a matter of business on a future agenda. A maximum of 30 minutes will be allowed for Public Comment, unless changed by the Committee.) A. CONSENT CALENDAR: 1. Citizens’ Sales Tax Oversight Committee (CSTOC) Draft Action Minutes - August 31, 2015  Recommendation: Committee approve the CSTOC Draft Action Minutes of the August 31, 2015 CSTOC meeting. [City Clerk] B. INFORMATIONAL ITEMS: None C. BUSINESS ITEMS: 1. Approval of Fiscal Year 2015 Annual Road Report  Fiscal Impact: None.  Recommendation: Committee approve the Fiscal Year 2015 Annual Road Report. [Administrative Services] 2. Fiscal Year 2015 Community Roads Report  Fiscal Impact: None.  Recommendation: Committee review and endorse the Fiscal Year 2015 Community Roads Report. [Public Works] 3. Set Next Meeting D. COMMITTEE MEMBER COMMENTS: E. ADJOURNMENT In compliance with the Americans with Disabilities Act, if you need special assistance to participate in a Citizens’ Sales Tax Oversight Committee Meeting, please contact the City Clerk’s Office at (805) 470-3400. Notification at least 48 hours prior to the meeting or time when services are needed will assist the City staff in assuring that reasonable arrangements can be made to provide accessibility to the meeting. ITEM NUMBER: A-1 DATE: 12/14/15 SPECIAL MEETING CITY OF ATASCADERO CITIZENS’ SALES TAX OVERSIGHT COMMITTEE1 DRAFT ACTION MINUTES Monday, August 31, 2015 6:00 P.M. City Hall Council Chambers, 4th Floor 6500 Palma Avenue, Atascadero, California (Enter on Lewis Avenue) CALL TO ORDER: Oaths of Office - City Clerk, Marcia Torgerson, will administer Oaths of Office to the Citizens’ Sales Tax Oversight Committee Members City Clerk Marcia Torgerson called the meeting to order at 6:05PM and administered the oath of office to Committee Members. ROLL CALL: Present: Grenda Ernst, Andrea Greenaway, Bill Hatch, Kathe Hustace, Robert “Grigger” Jones, Jerry Martin, Michael Shaw, Carol Simonin, Chuck Ward Absent: None Others Present: City Clerk/Deputy City Manager Marcia McClure Torgerson Staff Present: Public Works Director Nick DeBar and Deputy City Clerk Lori Mlynczak 1 Established for the oversight of the 2014 Sales Tax Measure ITEM NUMBER: A-1 DATE: 12/14/15 Atascadero Citizens Sales Tax Oversight Committee August 31, 2015 Page 2 of 4 APPROVAL OF AGENDA: MOTION: By Committee Member Jones and seconded by Committee Member Hustace to approve the agenda. Motion passed: 9:0 by a roll-call vote. PRESENTATIONS: None PUBLIC COMMENT: Council Member Fonzi spoke during Public Comment to welcome and thank the Committee Members for their service to the City. City Clerk Torgerson closed the PUBLIC COMMENT period. A. CONSENT CALENDAR: None B. INFORMATIONAL ITEMS: 1. Welcome and Introduction of Committee Members and Staff Public Works Director DeBar welcomed everyone and asked that Committee Members and Staff introduce themselves. Director DeBar also briefly went over items in the binder provided to Committee Members. 2. Legal Requirements of Committee Members a. Political Reform Act b. Brown Act City Clerk Torgerson gave a presentation on the Brown Act, Agendas, Public Records Act, Email Communications, Political Reform Act, Form 700s, Abstentions and answered questions from the Committee. C. BUSINESS ITEMS 1. Election of Chairperson and Vice Chairperson for the Atascadero Citizens’ Sales Tax Oversight Committee City Clerk Torgerson asked for nominations for Chairperson. MOTION: By Committee Member Hustace and seconded by Committee Member Greenaway to elect Committee Member Hatch as Chairperson of the Citizens’ Sales Tax Oversight Committee. Motion passed: 9:0 by a roll-call vote. ITEM NUMBER: A-1 DATE: 12/14/15 Atascadero Citizens Sales Tax Oversight Committee August 31, 2015 Page 3 of 4 Chairperson Hatch asked for nominations for Vice Chairperson. MOTION: By Committee Member Hustace and seconded by Committee Member Shaw to elect Committee Member Jones as Vice Chairperson of the Citizens’ Sales Tax Oversight Committee. MOTION: By Committee Member Ernst and seconded by Committee Member Martin to elect Committee Member Simonin as Vice Chairperson of the Citizens’ Sales Tax Oversight Committee. Committee Member Jones was elected as Vice Chairperson of the Citizens’ Sales Tax Oversight Committee 6:3 by a roll-call vote. (Members Ernst, Greenaway and Martin voted for Committee Member Simonin) 2. Consideration of Adopting Bylaws and Rules of Procedure for the Atascadero Citizens’ Sales Tax Oversight Committee  Fiscal Impact: None.  Recommendation: Committee adopt the Draft Bylaws and Rules of Procedure for the Citizens’ Sales Tax Oversight Committee. [City Manager] City Clerk Torgerson gave the staff report and answered questions from the Committee. There was a discussion about formality and the expectations of the public. There was consensus to keep the meetings formal rather than informal. MOTION: By Vice Chairperson Jones and seconded by Committee Member Ernst to adopt the Draft Bylaws and Rules of Procedure for the Citizens’ Sales Tax Oversight Committee. Motion passed: 9:0 by a roll-call vote. 3. 2014 Pavement Assessment Study  Fiscal Impact: None.  Recommendation: Committee receive and file report. [Public Works] Public Works Director DeBar gave the staff report and introduced Joe Ririe from Pavement Engineering, Inc (PEI) who gave a presentation on pavement assessment. Director DeBar and Joe Ririe answered questions from the Committee. C. COMMITTEE MEMBER COMMENTS: Chairperson Hatch asked Members for any comments. Committee Member Ward asked for clarification as to how often the Committee will meet. Director DeBar and City Clerk Torgerson stated there will be a minimum of two meetings and that Special Meetings will occur as needed. ITEM NUMBER: A-1 DATE: 12/14/15 Atascadero Citizens Sales Tax Oversight Committee August 31, 2015 Page 4 of 4 Chairperson Hatch asked when the first briefing of revenues and expenditures will occur. Director DeBar and City Clerk Torgerson explained that finance is closing the books and the earliest the numbers might be available is October. Committee Member Shaw asked to see the budgets for the last couple of years for road maintenance that was done without the new sales tax revenues. Director DeBar stated he will provide at the next meeting. Committee Member Shaw also asked to see the comparisons with surrounding cities. Director DeBar will provide that at a future meeting. Committee Member Hustace stated she thought it would be important for the Chairperson to make the presentation to City Council. City Clerk Torgerson explained that it is common for the Chairperson to attend to answer questio ns from the City Council. Committee Member Ernst stated she believes it is important that this Committee have a high profile. There was a brief discussion regarding use of a different room for the next meeting. The acoustics in the Council Chambers make it difficult to hear each other speak. Chairperson Hatch asked to be alerted whenever an item related to this Committee is on a City Council Agenda. Director DeBar confirmed that he will be in contact regarding items related to this Committee. D. ADJOURNMENT: Chairperson Hatch adjourned the meeting at 8:29PM MINUTES PREPARED BY: ______________________________________ Lori Mlynczak, Deputy City Clerk . ITEM NUMBER: C-1 DATE: 12/14/15 Citizens’ Sales Tax Oversight Committee Staff Report – Administrative Services Department Approval of Fiscal Year 2015 Annual Road Report RECOMMENDATION: Committee approve the Fiscal Year 2015 Annual Road Report. DISCUSSION: On July 8, 2014, the Atascadero City Council adopted Ordinance No. 581, imposing a transactions and use tax. This Ordinance became operative when the majority of Atascadero voters approved it in November 2014. Among other items, the Ordinance outlines annual reporting requirements related to the additional half cent sales tax. Section 15 of the Ordinance requires the preparation of an Annual Road Report by the City to the Citizens’ Oversight Committee for review. Section 15 of Ordinance No. 581 reads as follows: Section 15. ANNUAL ROAD REPORT. An Annual Road Report shall be prepared by the City no later than the last day of the sixth month following the end of each City fiscal year. The Report shall be submitted to the Citizens’ Oversight Committee for review. The Committee will submit their findings and conclusions to the City Council. The Report will also be made available to the public. The Annual Road Report shall detail the prior fiscal year’s activities related to the retail transaction and use tax. The Report shall include revenues generated by the Transaction and Use Tax, expenditures (in summary form), funds carried over from previous fiscal years, and any remaining funds to be carried over for expenditure in subsequent fiscal years. In accordance with the Ordinance, the fiscal year 2015 Annual Road Report is attached. FISCAL IMPACT: None ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1. Fiscal Year 2015 Annual Road Report City of Atascadero Citizens’ Sales Tax Oversight Committee Annual Road Report Fiscal Year 2014-2015 ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 i City of Atascadero ELECTED OFFICIALS Tom O’Malley, Mayor Heather Moreno, Mayor Pro Tempore Bob Kelley, Council Member Roberta Fonzi, Council Member Brian Sturtevant, Council Member Marcia McClure Torgerson, City Clerk Gere W. Sibbach, City Treasurer CITIZENS’ SALES TAX OVERSIGHT COMMITTEE MEMBERS Bill Hatch, Atascadero Kiwanis, Chairperson Grenda Ernst, Friends of the Atascadero Library Andrea Greenaway, Atascadero Veterans Memorial Foundation Kathe Hustace, Atascadero Association of Realtors Robert “Grigger” Jones, Atascadero Chamber of Commerce Jerry Martin, Moose Lodge #2067 Carol Simonin, Quota International Chuck Ward, At-Large Michael Shaw, At-Large ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 Measure F-14 Sales Tax Projects Fund* Executive Summary………………………………………………………………………………………………….1 Financial Statements………………………………………………………………………………3 Certification of Citizens' Sales Tax Oversight Committee Chairperson………………………………4 Balance Sheet…………………………………………………………………………………………...…………………………..5 Statement of Revenues, Expenses, and Changes in Fund Balance………………………………………………...……...………………………………………..6 Revenues Revenue Summary and Information………………………...…………………………………..7 Honda Avenue Pavement Project Information………………………………………………..12 Alamo Avenue Pavement Project Information………………………………………………..17 *This fund is a sub-account of the General Fund and will be included with the General Fund audited financial statements. CITY OF ATASCADERO TABLE OF CONTENTS June 30, 2015 ii ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 1 Executive Summary Revenues In November 2014, Atascadero voters approved Sales Tax Measure F-14, increasing the City sales tax rate by 0.5% from 7.5% to 8%. The additional half percent sales tax revenue is the subject of this Annual Report. Retailers within the City limits of Atascadero began collecting the approved 8% sales tax on April 1, 2015. These retailers are required to submit sales tax revenues directly to the State of California Board of Equalization (BOE) on a monthly, quarterly, or annual reporting basis (as determined by the State). After the State BOE has processed the payments and reports from the Retailers, the State BOE remits payment to the City. The City generally receives these payments from the State BOE about 60 days after the end of the month in which the sales took place. Although the flow of the cash does take extra time to get to the City’s account, the sales tax revenue is counted in the period when the sales took place. For example, the City received the first sales tax payment, $106,353.97, from the State BOE in late June for the sales that took place during the month of April. The City counts that as April revenue, although it was received much later. The total Measure F-14 Sales Tax Revenue that was earned for the period April 2015 – June 2015 was $472,278. Expenditures Likewise, the process on the expenditure side is also extensive. Expenditures for repairing and maintaining neighborhood roads and other roadways involve a process designed to provide transparency and fairness. Road determinations are made after analyzing the Pavement Condition Report to determine the roads with the highest needs and the associated type of rehabilitation/maintenance necessary. The projects are designed and then advertised for construction to local contractors and in plan rooms throughout California for a 30 day period. Bids are opened and the contract is awarded to the lowest responsive bidder. Contracts are approved by Council, if necessary, per the City’s purchasing policy. The contracts are then signed and bonds and insurance provided by the Contractor. Construction begins and City staff provides project inspection and oversight. Once the project is ready to go to bid, it is approximately 60 to 90 days before construction may begin. ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 2 Executive Summary (continued) Expenditures (continued) As a result, $6,575 was spent on projects during the 2014-2015 fiscal year, which included pre- construction costs for both the Honda Avenue and Alamo Avenue projects. These projects were begun in fiscal year 2014-2015 and completed in fiscal year 2015-2016. During the spring and summer of 2015, rehabilitation projects on Alamo Avenue and Honda Avenue were designed, bid and constructed with Measure F-14 funding. These two roadway segments were chosen as projects to begin roadway repairs as soon as possible after the City began collecting the new sales tax on April 1, 2015. Work on Alamo Avenue between Rosario and Barrenda Avenues included milling the roadway edges and overlaying the full street width with a new 2” layer of asphalt concrete. Prior to this project, the Pavement Condition Index (PCI) of Alamo was 16, and the roadway was severely weathered and distressed. This section of Alamo Avenue was considered a candidate for rehabilitation at this time due to the expected effectiveness of using a moderately priced treatment method to significantly improve PCI. Pavement rehabilitation of Alamo Avenue is expected to extend the life of the roadway pavement by 12 years. Michael Frederick Paving, Inc. of Atascadero was the selected contractor. Work on Honda Avenue between Barrenda Avenue and Traffic Way included milling and overlaying the full street width with a new 2” layer of asphalt concrete. Prior to this project, the Pavement Condition Index (PCI) of Alamo was 62, and the roadway was moderately weathered and distressed. This section of Honda Avenue was considered a candidate for rehabilitation at this time since the PCI was nearing a “break point”, below which a more expensive treatment method would likely have become necessary. Pavement rehabilitation of Alamo Avenue is expected to extend the life of the roadway pavement by 15 years. Souza Construction, Inc. of San Luis Obispo was the selected contractor. Although construction did not take place until July and August, (fiscal year 2015/2016), there is always up-front time and effort spent before any construction starts in testing, engineering design, preparation of construction plans and specifications, project bidding, and contract award. This preconstruction work was completed for both Alamo and Honda projects prior to the end of Fiscal Year 2014/2015. Fund Balance The amount of $465,960 remained in the Measure F-14 Sales Tax Projects Fund at the end of the fiscal year and will carry forward to the 2015-2016 fiscal year. ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 CITY OF ATASCADERO MEASURE F-14 SALES TAX PROJECTS FUND* FINANCIAL STATEMENTS (Unaudited) June 30, 2015 *This fund is a sub-account of the General Fund and will be included with the General Fund audited financial statements. 3 ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 Certification of Citizens' Sales Tax Oversight Committee Chairperson: I hereby certify that the attached statements and report have been reveiwed by the City of Atascadero Citizens' Sales Tax Oversight Committee and are true and accurate: Bill Hatch Chairperson Date *This fund is a sub-account of the General Fund and will be included with the General Fund audited financial statements. CITY OF ATASCADERO MEASURE F-14 SALES TAX PROJECTS FUND* June 30, 2015 4 ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 2015 ASSETS Cash and investments 99,994$ Receivables: Due from State of California 365,923 Interest receivable 43 Total assets 465,960 FUND BALANCE Fund balance: Restricted 465,960 Total fund balance 465,960$ *This fund is a sub-account of the General Fund and will be included with the General Fund audited financial statements. CITY OF ATASCADERO BALANCE SHEET (Unaudited) MEASURE F-14 SALES TAX PROJECTS FUND* June 30, 2015 5 ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 2015 Revenues: Sales tax 472,278$ Interest 257 Total revenues 472,535 Expenditures: Capital Outlay: Honda Avenue 3,287 Alamo Avenue 3,288 Total expenditures 6,575 465,960 465,960 Fund balance - June 30, 2014 - Fund balance - June 30, 2015 465,960$ *This fund is a sub-account of the General Fund and will be included with the General Fund audited financial statements. Excess of revenues over expenditures Net change in fund balance MEASURE F-14 SALES TAX PROJECTS FUND* CITY OF ATASCADERO For the Fiscal Year Ended June 30, 2015 STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND BALANCE (Unaudited) 6 ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 Sales Check Check Month Date Amount April 2015 6/25/2015 106,353.97$ May 2015 7/15/2015 106,300.00 June 2015 8/19/2015 141,700.00 Quarterly True-Up 9/24/2015 117,923.61 Total Revenue 472,277.58$ Measure F-14 Sales Tax Revenue Summary 7 ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 ITEM NUMBER: C-1 DATE: 12/14/15 ATTACHMENT: 1 ITEM NUMBER: C-2 DATE: 12/14/15 Citizens’ Sales Tax Oversight Committee Staff Report – Public Works Department Fiscal Year 2015 Community Roads Report RECOMMENDATION: Committee review and endorse the Fiscal Year 2015 Community Roads Report. DISCUSSION: Staff has created a Community Roads Report (CRR) brochure that summarizes the Measure F-14 Sales Tax Measure and background on how the City is proceeding with implementing the Measure. This brochure/handout is designed to complement the Annual Road Report. A summary of roadway repairs made for the reporting period, as well as programmed work for the following year, as included in the CRR. Financials from the Annual Road Report are summarized in the CRR. The CRR will be distributed via US mail to all properties in the City. The brochure will also be made available at City Hall and on the City’s website. FISCAL IMPACT: None ATTACHMENT: 1. Fiscal Year 2015 Community Roads Report The City of Atascadero owns and maintains approximately 140 centerline miles of public roadways. This extensive system is the backbone of housing, commerce and recreation within the community and its repair and maintenance is a top priority. In order to compare all roads within a system, each roadway is inspected and a Pavement Condition Index (PCI) number is assigned. The overall PCI rating of Atascadero’s roadway system is poor; only 47 on a 100 point scale. With a current replacement value of $263 million, developing a pavement management strategy to provide the lowest life cycle cost over time and save the City funds in the long run was vital. In order to accomplish this, the City has implemented a “Critical Point Management” methodology. This methodology selects roadways which can have their useful life extended the longest with cost effective maintenance and less expensive repairs. The longer a road can be kept in good condition, the lower the overall cost of its treatments. In many ways the Critical Point Management method is similar to how you would maintain your car. By focusing on relatively inexpensive routine maintenance and repairs at key times, you can avoid expensive repair bills and breakdowns in the future. When pavement conditions deteriorate, the cost to fix roadways increases substantially. Replacement of a failed street can cost 30-40 times the amount required to maintain a road in good condition! While it is easy to tell when driving on a road that the surface has deteriorated, determining the cause and extent of the damage is important when looking for the most effective way to fix the problem. A good pavement management system seeks to use the right treatment, at the right location at the right time. Below is an example of the typical life curve of a paved road. The current cumulative PCI of all City maintained roads is 47. Through cost-effective maintenance and rehabilitation, the overall PCI can be improved. In 2014, Atascadero voters approved a ballot measure (F-14) which authorized the City to increase its sales tax rate by ½ percent for a term of 12 years, together with a measure (E-14) advising that the funds be primarily utilized for maintaining and repairing neighborhood roads. While the City will continue to maintain and improve Arterial roadways, funds approved under Measure F-14 are specifically earmarked for the improvements of neighborhood roads. The measure became effective April 1, 2015, and includes a nine member Citizen Oversight Committee tasked with reviewing revenues and expenditures, and the annual road report. Optimizing the use of the funds is a priority of the City. Pavement work in 2016 will include a mix of maintenance & rehabilitation projects designed to preserve good pavement conditions for entire roadway segments. Maintenance work will include strategically-timed treatments to pavement surfaces, such as seal coats and slurry seals, which go beyond the routine potholing and patching already performed by City staff. 2016 Maintenance $223,780.00 Arena Rd. between San Benito Rd. and San Anselmo Rd. Arena Rd. between San Anselmo Rd. and Yerba Ave. Castano Ave. between Curbaril Ave. and Palomar Ave. San Vicente Ave. between San Jacinto Ave. and North End Yerba Ave. between Estrada Ave. and Dolores Ave. 2016 Rehabilitation $1,536,850.00 . . Condition PCI Range % Of City Roads Excellent 90-100 8% Good 70-89 9% Fair 50-69 28% Poor 25-49 39% Failed 0-24 16% What To Expect In 2016Atascadero’s Current Road Conditions PAVEMENT MANAGEMENT OVERVIEW MEASURE F-14 BACKGROUND and San Marcos Rd. Cascabel Rd. between North End and Santa Lucia Rd. San Andres Ave. between Santa Lucia Rd. and San Marcos Rd. San Clemente Ave. between Portola Rd. and San Marcos East Valle Ave. between Curbaril Ave. and Palomar Ave. Los Gatos Rd. between Santa Lucia Rd To view the detailed 2016 project schedule and 5 year project plan visit:www..(short link/get from IT) City of Atascadero6500 Palma AvenueAtascadero CA 93422 2015 Community Roads Report C OMPLETED P ROJECTS Alamo Avenue In July of 2015 an edgemill and overlay was completed on Alamo Avenue between Rosario and Barrenda Avenue. Prior to the rehabilitation Alamo Avenue was severely weathered, with moderate pavement cracking and a PCI of 16. With the treatment the new PCI was elevated to 100. The treatment is expected to add approximately 7-13 years of life to the roadway. Honda Avenue In August of 2015 a 2” mill and overlay was completed on Honda Avenue between Traffic Way and Barrenda Avenue. Prior to the rehabilitation Honda Avenue was moderately weathered with minor pavement cracking and a PCI of 62. With the treatment the new PCI was elevated to 100. The treatment is expected to add approximately 7-13 years of life to the roadway. MEASURE F-14 SALES TAX PROJECTS FUND For the Fiscal Year Ended June 30, 2015 Revenues: Sales Tax $ 472,278 Interest 257 Total Revenues 472, 535 Expenditures: Capital Outlay Honda Avenue 3,287 Alamo Avenue 3,286 Total Expenditures 6,575 E xcess of revenues over expenditure 465,960 Fund Balance - June 30, 2014 - Fund Balance - June 30, 2015 $ 465,960 2015 F INANCIAL S TATEMENT City of Atascadero