Measure N Independent Accountant’ Report
(July1, 2024 – June 30, 2025)
Finance & Technology Department
visalia.gov
Measure N
The Measure is a 1/2 cent Sales Tax for essential City services such as Police, Fire, Recreation, as well as maintenance of parks, roads, and City facilities.
The Measure uses a detailed 10-year plan.
Measure N was approved by the voters November 2016 and became effective April 1, 2017.
visalia.gov
Measure N Requirements:
Revenues:
30% of actual operating expenses go to the Uncertainty Fund for a fiscal emergency. 10% of budgeted revenues go to the following programs:
2% Youth Programs
8% Maintenance and Emerging Needs
Expenditures:
Money shall not be used for debt service payments
Annual expenditure plan must be approved by Council after the following has occurred:
City Manager makes a recommendation to City Council.
Comments and recommendation received by Sales Tax Oversight Board.
Two public hearings are held at regular Council Meetings.
visalia.gov
Measure N Requirements (cont):
Sales Tax Oversight Board:
Board consists of 11 members that are appointed as specified in the plan Reviews Measure N budgets prior to adoption
Reviews Independent Accountants’ Report on Applying Agreed-Upon Procedures 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.
Effectiveness Review:
Reviewed the progress of the Measure N Plan and the continuing need for the sales tax measure at City Council meeting on March 17, 2025, and review every 8 years thereafter (next review 2033).
visalia.gov
Measure N FY 24/25 Report
Report Completed by M. Green and Company for Fiscal Year ending June 30, 2025.
There were no findings.
The Measure N Oversight Committee reviewed the report for fiscal year 24/25 on January 12, 2026.
visalia.gov
Measure N Actual to
Actuals Comparison (ACFR Document Pg 34 & 38)
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Measure N Current and Future Projects
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Measure N FY 24/25 – Fund Balance
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Measure N Summary
Summary:
The Independent Accountants’ Report confirmed that Measure N funds are in accordance with the Ballot Measure, Program Guidelines and Expenditure Plan for Fiscal Year ended June 30, 2025.
Action Tonight:
No formal action is required today. Council is to receive and review the report.
QUESTIONS?