City Clerk report relative to the Real Property Trust Fund Reports for Fiscal Year 2024-25.

The City Clerk has submitted the Real Property Trust Fund Reports for Fiscal Year 2024-2025. These funds, established in 1997, receive fifty percent of net proceeds from surplus City Real Property sales and fifty percent of oil pipeline franchise fees, designated for street and sidewalk infrastructure improvements within each respective Council District. The report details the fund balance as of July 1, 2024, revenues (including interest earned, pipeline revenue, and property sales/donations), expenditures, and the resulting fund balance as of June 30, 2025, for each of the 15 Council Districts.

Notable fund balances as of June 30, 2025, include:

• Council District 15: $2,545,930.17
• Council District 1: $919,295.30
• Council District 8: $808,587.04

Expenditures varied significantly by district, with Council District 15 showing $650,728.41 in expenditures and Council District 8 showing $1,271,084.00 in expenditures, primarily for pipeline-related transfers.