DATE:
January 16, 2024
TO:
Paul Buddenhagen, City Manager
FROM:
Lawrence Chiu, Finance Director
SUBJECT:
Resolution Of The City Council Of The City Of Emeryville Accepting Compliance Audit Reports For The Fiscal Year Ended June 30, 2023
RECOMMENDATION
Staff recommends that the City Council adopt the above-entitled resolution accepting the compliance audit reports for the fiscal year ended June 30, 2023, including the following:
Measure B Compliance Audit
Measure BB Compliance Audit
Measure F Vehicle Registration Fee Program Compliance Audit
BACKGROUND
Each year, the City contracts with an independent certified public accounting (CPA) firm to conduct an audit of the City’s financial statements and prepare the compliance audit reports. For the fiscal year ended June 30, 2023, the financial audit was conducted by an independent CPA firm, Maze & Associates.
Discussion
The items presented for City Council review and acceptance include Measure B, Measure BB and Measure F Vehicle Registration Fee Program compliance audit reports. Each of these items is discussed below.
Measure B Compliance Audit
In November 2000, Alameda County voters approved Measure B, a 0.5 percent sales tax to deliver essential transportation improvement and services. The City of Emeryville receives a portion of this funding from the Alameda County Transportation Commission. All City of Emeryville financial transactions related to Measure B funds are recorded in a Measure B special revenue fund. The auditors reviewed Measure B financial transactions recorded during the fiscal year ended June 30, 2023 and found no instances of non-compliance with Measure B funding requirements.
Measure BB Compliance Audit
In November 2014, Alameda County voters approved Measure BB which extended the term of the Measure B sales tax and added an additional 0.5 percent sales tax. The City’s portion of this additional revenue is utilized to fund paratransit, local streets and roads, and bike and pedestrian programs. The auditors reviewed the Measure BB financial transactions recorded during the fiscal year ended June 30, 2023 and found no instances of non-compliance with Measure BB funding requirements.
Measure F Vehicle Registration Fee Program Compliance Audit In November 2010, Alameda County voters approved Measure F which authorized the collection of an annual vehicle registration fee to be used for local transportation purposes in Alameda County. The City of Emeryville receives a portion of the Measure F funding from the Alameda County Transportation Commission and records all related transaction in a special revenue fund. Based upon the auditor’s review, the City was in compliance with Measure F expenditure requirements during the fiscal year ended June 30, 2023.
FISCAL IMPACT
None.
ADVISORY BODY REVIEW
There has been no communication with the budget committees.
CONCLUSION
Staff recommends that the City Council adopted the above-entitled resolution accepting the compliance audit reports for the fiscal year ended June 30, 2023.
PREPARED BY: Lawrence Chiu, Finance Director
APPROVED AND FORWARDED TO THE
CITY COUNCIL OF THE CITY OF EMERYVILLE:
Paul Buddenhagen, City Manager
ATTACHMENTS
Draft Resolution
Attachment 1: Measure B Compliance Audit Report
Attachment 2: Measure BB Compliance Audit Report
Attachment 3: Measure F Vehicle Registration Fee Program Compliance Audit Report Fiscal Year 2023 Compliance Audit Reports
City Council Meeting | January 16, 2024
City of Emeryville
CALIFORNIA
MEMORANDUM