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Recess - 8:45-9:00 p.m. 7. PERFORMANCE MEASURES - Assistant to the City Manager Gonzalez gave various examples of individual department performance measures. 8. CAPITAL IMPROVEMENT PROGRAM - Senior Civil Engineer Chang gave an overview of the list of proposed projects and funding sources for fiscal year 2002/03 of which $24,761,761.00. has been allocated. He stated that the majority of the 10 funding sources have their own revenue sources, such as the water and sewer projects coming from the enterprise funds, and the transportation fund is supported by Measure A. The Capital Project Fund of $4.7 million in the past up to fiscal year 2002/03 has been supported by the Utilities Users ']'ax and transferring from the General Fund. Based on the latest financial projections, this will be the last year of transferring into the CIP. Fiscal year 2003/04 has received an allocation of $35,669,105.00. The latest projection for the Capital Improvement Program fund balance is approximately $5.5 to $6M. Senior Civil Engineer Chang gave several alternatives for utilization of the fund balance. The recommendation was to continue to allow placing the amount into reserves. -Public Comments and Questions - None -Council Comments and Questions Council Member Ruskin stated that the San Francisco Board of Supervisors voted 8-3 to place the Hetch Hetchy bond measure on the November ballot. The significance is that after pressure from work that is being done by all of the 29 Bay Area cities and water districts as well as State Legislators, San Francisco has agreed to place the measure on the ballot for a vote. The amount of $1.6 billion is a figure sufficient to cover cost of their work and their share to fix the regional Hetch Hetchy water delivery system. This will be sufficient with the passage of the three bills in Sacramento that the group has been working on with the help of Assembly Member Papan and Senator Speier. With the three bills and the ballot measure passage, there will be State oversight of the project and the funding mechanism set up so that in addition to the $1.6 biillion, the rest of our fair share will be available to fix the Hetch Hetchy system. Council Member Hartnett stated that he thinks the reserve should be kept, that Council should receive recommendations later on and keep in mind that although the desire may be to work on six items, the amount may not cover more than one. The commitment to the new library funding in Redwood Shores has been made and the expectation that grants and the GID should cover that, but because the money will probably be leveraged significantly with grants, some amount of the reserves should held for that if necessary. In connection, if possible, Council has stated that it should be more than a library and more of a community serving facility and staff should keep STUDY SESSION JULY 22, 2002 MINUTES PAGE 4 MINUTES Book No. 59 Page No. 208