Item A: Review of 2010 Implementation of Bond Measure to Fix Streets

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2.Limited to projects included in Exhibit A to the resolution, unless upon completion of all of the projects listed in Exhibit A, the council adds other street preservation projects to the list in order to utilize unspent bond proceeds. The accountant’s procedures were performed for the period December 1, 2009, through November 30, 2010, and were conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. The independent accountant expenditure testing concluded, “All tested expenditures were recorded in the proper account fund and period and were spent on street projects included in Exhibit A of City Council Resolution No. 4953. No exceptions were noted.” Further, it was the summary conclusion of the independent accountant that, “Based on our limited testing, we noted that the City followed the purpose and limitation of the City Council Resolution #4953” (Attachment B). The Isler CPA 2010 report has been placed on the internet along with the report of the citizen panel at www.eugene-or.gov/gobonds. RELATED CITY POLICIES The council’s goals include “Transportation Initiative: Develop mechanisms to adequately fund our transportation system for cars, trucks, bikes and pedestrians including maintenance and preservation and capital reconstruction.” COUNCIL OPTIONS This work session is informational; no action is requested. CITY MANAGER’S RECOMMENDATION This work session is informational; no action is requested. SUGGESTED MOTION This work session is informational; no motion is requested. ATTACHMENTS A. Citizen Street Repair Review Panel 2010 Report B. Isler CPA 2010 Report FOR MORE INFORMATION Contact: Kurt Corey, Public Works Director Telephone: 541-682-8421 Staff E-Mail: Kurt.A.Corey@ci.eugene.or.us \\Cesrv500\cc support\CMO\2011 Council Agendas\M110119\S110119A.doc