STAFF REPORT TO THE CITY COUNCIL
DATE: Regular Meeting of July 12, 2022
TO: Members of the City Council
VIA: Dante Hall, City Manager
SUBMITTED BY: Edwin Gato, Director of Finance
SUBJECT: Receive the Finance Commission’s Annual Report on Measures B and C for the Fiscal Year Ending June 30, 2021 RECOMMENDED ACTION: Receive the Finance Commission’s Annual Report on Measures B and C for the Fiscal Year Ending June 30, 2021.
COMMISSION/SUBCOMMITTEE ACTION AND RECOMMENDATION: The Finance Commission recommends that the City Council receive their Fiscal Year Ending June 30, 2021, Annual Report on Measures B and C.
FISCAL IMPACT OF RECOMMENDATION: None as a result of this action, though Measures B and C provide a significant level of revenues in support of the City’s General Fund.
DISCUSSION: The City’s Finance Commission serves as the citizen’s oversight body for Measures B and C, which are voter-approved local sales tax and utility user tax measures respectively. Each year, the Finance Commission undertakes a review of the revenues generated in the prior fiscal year by these Measures as required by the Measures. The Finance Commission review takes place after the City’s independent auditors completed their annual audit and the Agreed-Upon-Procedures (AUP) Report for each measure. The Finance Commission reviewed and approved the annual report on May 18, 2022. A copy of the report is attached for the City Council’s review and receipt.
ATTACHMENT:
Finance Commission Annual Report on Measures B and C for the year ended June 30, 2021.
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