City of VisaliaMeasure T Independent Accountants’ Report (July1, 2023– June 30, 2024)
January – Annual review of the report verifying that funds are in accordance with the Ballot Measure, Program Guidelines and Expenditure Plan January – Annual Comprehensive Financial Report (ACFR)
March – Mid Year Budget Review
June – Annual Recertification
Measure T-Annual Presentations to Council
Measure T was approved by the voters March 2004.
¼ cent Sales Tax for enhanced police and fire services.
Sales Tax is split – 40% Fire and 60% Police.
Measure T
Measure T revenues cannot replace General Fund budgeted operating expenditures for police and fire.
Measure T uses a detailed 20 year plan for:
Hiring Personnel;
Construction of Facilities; and
Equipment Purchases.
Original plan included a deficit that would be covered by increased revenues, lower expenditures, and General Fund subsidy. Since 2008, Measure T has been operating on an amended plan due several years of lower revenues, higher expenditures, and no subsidy from the General Fund.
Measure T requires an Economic Uncertainty Fund
25% of the annually budgeted revenues will be deposited into a separate fund for emergency use.
Measure T - Requirements
Independent Accountants’ Report on Applying Agreed–Upon Procedures An Independent Auditor will annually review tax revenues received and expenditures from the measure, to ensure compliance with the Ballot Measure, Program Guidelines and Expenditure Plans.
Annual Recertification
Annual Recertification of the plan with detail of what monies have been received, what monies have been spent, and what monies are available. This is done every June.
Effectiveness Review
Review the progress of the Measure T Plan and the continuing need for the sales tax measure at the first City Council meeting in January 2029, and every 8 years thereafter.
Last review completed in 2021
Measure T – Requirements
Report Completed by M. Green and Company for fiscal year ending June 30, 2024.
The CAC Committee has reviewed the report on January 8, 2025.
No formal action is required today. Just receive and review report.
Measure T – Report
Report Findings for Fiscal Year 23/24
There were no report findings for FY 23/24.
Measure TPolice – Actuals:
Measure TFire – Actuals:
SummaryThe Independent Accountants’ report confirmed that Measure T funds are in accordance with the Ballot Measure, Program Guidelines and Expenditure Plan for fiscal year ended June 30, 2024.Questions?