09 FY2021 GO Annual Report Presentation reduced

FY2021 GO Annual Report
2022

Proposition 402
2
Comprehensive Transportation program to:
• Improve traffic flow
• Relieve traffic congestion
• Increase transportation choices
• Reduce air pollution
• Promote economic vitality
• Provide for regional transit connections

Proposition 402 - Projects
3
•Intersection improvements
•Street projects
•Expansion of existing bus services
•Increased Dial-a-Ride service
•Express bus service
•Pedestrian and bicycle improvements
•Airport projects
•Safety improvements

Proposition 402 – Project Maps
4
1
2

Proposition 402 – Project Maps
5
3
4

Role of CTOC
6
•Monitor fund expenditure
•Monitor project implementation
•Timely and cost-effective manner
•Recommend adjustments to projects

Financial Summary
7
Table 1: GO Program Account Summary, FY 2020-2021
Balance Forward (July 1, 2020)                                                                  $60,026,008
Revenue                                                                                                       $37,455,805
Expense                                                                                                     ($26,443,970)
Balance Ending (June 30, 2021)                                                                 $71,037,843
Note: Based on unaudited accounts to June 30, 2021
Source: City of Glendale, October 11, 2021

Revenues
8
Table 2: GO Program Revenue Summary, FY 2020-2021
Source
Amount
Percentage
Sales Tax
$35,329,097
94.32%
Interest
$655,619
1.75%
Grant
$702,327
1.88%
Disposal of Asset
$5
0.00%
Fare Box
$7,442
0.02%
Development Agreement In 
Lieu of Fees
$757,630
2.02%
Miscellaneous
$3,684
0.01%
Total
$37,455,805
100.00%
Note: Based on unaudited accounts to June 30, 2021
Source: City of Glendale, October 11, 2021

Expenditures
9
Table 3: GO Program Cash Expense Summary, FY 2020-2021
Source
Amount
Percentage
Professional & Contractual
$4,063,709
15.37%
Wages, Benefits, & Staff Administrative Cost
$5,306,251
20.07%
Advertising
$4,099
0.01%
Equipment, Supplies, & Maintenance
$975,924
3.69%
Insurance
$94,067
0.36%
Miscellaneous
$125
0.00%
Budget Out
$15,999,795
60.50%
Total
$26,443,970
100.00%
Note: Based on unaudited accounts to June 30, 2021
Source: City of Glendale, October 11, 2021

Bonding
10
Table 4: Status of GO Program Bond Funds
Source
Amount
Bond Issue
$109,110,000.00
Bond Premium
$1,953,498.95
Issuance Cost
($1,058,583.90)
Bond Funds Expended
($110,004,915.05)
Bond Funds Remaining
$0.00
Note: Based on unaudited accounts to June 30, 2021
Source: City of Glendale, October 11, 2021

Bonding
11
Table 5: Status of Transportation Bond Issuances
Source
Bond Series 
2007
Bond Series 
2015
Bond Series 
2017
Total
Original Bond Issue
$109,110,000.00
$55,635,000
$19,330,000
$184,075,000
Principal Payments Made 
Through 7-1-2021
($31,275,000)
($4,195,000)
($12,115,000)
($47,585,000)
Bond Refunding, 2-25-
2015
($59,110,000)
-
-
($59,110,000)
Bond Refunding, 6-22-
2017
($18,725,000)
-
-
($18,725,000)
Balance as of 6-30-2020
-
$51,440,000
$7,215,000
$58,655,000
Note: Based on unaudited accounts to June 30, 2021
Source: City of Glendale, October 11, 2021

12
INSERT NEW MAP
Project & Programs Using Sales Tax Funds in FY2021

Questions?
Action Item
13