Item C: Review of Implementation of Street Bond Measure

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report will be sent to the Neighborhood Leaders Council and other community and business organizations. In preparation of the 2013 report, the Street Repair Review Panel is scheduled to reconvene in the fall, upon completion of the 2013 construction season. Independent Accountant's Report The accounting firm of Isler CPA, who also performed the annual audit of the City's FY12 financial statements, was contracted to perform sufficient agreed upon procedures in order to determine whether the expenditure of general obligation bonds were made in accordance with the purposes and limitations outlined in the street repair bond resolution - namely, that expenditures were: 1. Used only for costs related to street preservation projects, off - street bicycle and pedestrian path preservation projects and payment of bond issuance costs, and not to expand the capacity of the street system; and also, 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, 2011, through November 30, 2012, 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 ExhibitA of City Council Resolution No. 4953 or other street preservation projects approved by City Council, as permitted under Resolution 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." The Isler CPA report is included as Appendix C to the SRRP 2012 Report. The Isler CPA 2012 report has been placed on the internet along with the report of the citizen panel at www.eugene- or.gov /gobonds Pavement Management Report The annual Pavement Management Report is produced to update information and data regarding the City of Eugene's transportation system including improved streets, unimproved streets and off - street shared -use paths. This report provides surface descriptions and associated mileage, reviews current treatment programs and costs, and projects future treatment needs based on several funding scenarios. Currently, Public Works manages 1,328 lane miles (533 centerline miles) of streets, and approximately 43 miles of off - street, shared -use paths within the City limits. This report includes a breakdown of the street transportation system in terms of pavement type, level of improvement, and functional classification. S:ACMO \2013 Council Agendas \Ml30220 \Sl3O220C.doc