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attach 1 Citizens Oversight Committee FY2022-23 Budget RecommendationsV2.docx

City Council / Housing Authority
March 30, 2022

Document
attach 1 Citizens Oversight Committee FY2022-23 Budget RecommendationsV2.docx
Meeting
March 30, 2022
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City Council / Housing Authority
Original file
63 KB
Text extracted from the city's file for reading and search. Open the original on pomona.legistar1.com. That file is the official record.

THE CITY OF
POMONA

M E M O R A N D U M
TO: Honorable Mayor and City Council Members
FROM: Citizens Oversight Committee
SUBJECT: FY 2022-23 Budget Recommendations
DATE: March 30, 2022
In November 2018, Measure PG was passed by the voters of Pomona, which approved the collection of a Transaction and Use Tax (TUT) of .75%.  In accordance with the provisions of the ballot measure a Citizens Oversight Committee (“COC” or “Committee”), was established to be an advisory capacity to the City Council with respect to the City’s Transactions and Use Tax set forth in Article XI of the City of Pomona Municipal Code. The duties and responsibilities of the Committee shall be to serve in an advisory capacity regarding the Transactions and Use Tax.

The Committee shall:

A.   Annually review the City’s revenue and expenditures of the Transaction and Use Tax; B.   Hold public meetings throughout the year, as often as City Council directs; C.   Review annual audit reports related to the tax; and D.   Prepare written reports to the City Council that summarize the Committee’s findings and recommendations.

In December 2021, the Committee received a presentation of the City Council’s Priorities and Goals as preparation to make budget recommendations for FY 2022-23. The Committee, during a special meeting held in January 2022, collaborated and is requesting City Council consider the following four (4) FY 2022-23 Budget Recommendations totaling $505,452.

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