Measure B oversight committee reviews unaudited Q3 finances, confirms capital commitments for Nature Park and Ritter Ballpark

The Measure B Residents Oversight Committee reviewed unaudited financial results for the third quarter of fiscal 2026 and confirmed several capital funding commitments, staff said.

Staff reported that "currently, revenues were at 7,100,000 as of March 31," and walked the panel through the attachments showing year‑over‑year comparisons, operating expenditures and capital allocations. The presentation identified line items committed to specific projects, not necessarily yet expended; staff said one referenced line (05/26 500600480000) supports Nature Park and Reiner (Ritter) Valley Park commitments.

Committee members pressed staff for clarity about where a $2.66 million legacy‑operations line and other operational expenses appear in the summaries; staff responded those amounts are rolled into staffing and operational expense lines in Attachment B. A committee member noted the city council has authorized design work for the aquatic center and said the design phase was estimated at about $4.9 million with roughly $55,000,000 in cash identified for the project’s early phases. "At this point, 55 is all they're getting from Measure B," a member said.

Staff also explained that Measure B funds are committed to debt‑service payments related to the MGRC and that FY26 reflects a full year of principal and interest following an initial year that was interest‑only. The staff explanation described roughly $3.1 million in Measure B debt‑service obligations for the MGRC and noted the commitment covers scheduled principal and interest payments.

Following discussion, a committee member moved to receive the FY25‑26 final audit covering Measure B through March 31; the motion was seconded and approved by the committee with members responding "aye." The committee also discussed timing for an updated long‑range forecast to be posted with the council agenda the following night and noted that a separate, more detailed forecast (showing projections through the measure lifecycle) has been prepared and posted in the agenda packet.

The committee asked staff to forward the agenda packet and forecast to members and to bring a more detailed parks update to the next meeting so members could reconcile commitments and spending lines.