Title
Fiscal Year (FY) 2024/25 Measure U Sales Tax Performance Audit
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FileID
File ID: 2026-00443
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Location
Location: Citywide
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Recommendation
Recommendation: Pass a Motion: 1) accepting the (FY) 2024/25 Measure U Sales Tax Performance Audit; and 2) forwarding it to City Council for approval.
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Contact
Contact: Osvaldo Lopez, Accounting Manager, (916) 808-4740, olopez@cityofsacramento.org; Peter Coletto, Finance Director, (916) 808-5416, pcoletto@cityofsacramento.org; Department of Finance
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Presenter
Presenter: None
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Attachments
Attachments:
1-Description/Analysis
2-2024/25 Measure U Performance Audit
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Description/Analysis
IssueDetail
Issue Detail: The Measure U Sales Tax Performance Audit has been conducted to confirm that the City used Measure U sales tax proceeds in conformance with the provisions listed in the Measure U ballot language (Sacramento City Code chapter 3.27.). As required by the ballot measure, the City engaged its independent public accounting firm, Macias Gini & O'Connell, LLP (MGO), to conduct a performance audit for FY2024/25. MGO conducted the audit and has rendered its opinion that the City expended Measure U funds in accordance with the Measure U ballot measure. The audit did not have any adverse findings for the City to address.
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PolicyConsiderations
Policy Considerations: The proceeds from Measure U are subject to an independent annual audit, and the auditor's report must be presented to the city council and made available for public review (Sacramento City Code chapter 3.27.140). In addition, this report is consistent with the City's fiscal transparency and accountability principles.
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EconomicImpacts
Economic Impacts: None.
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EnvironmentalConsiderations
Environmental Considerations:
California Environmental Quality Act (CEQA): This action is not a project subject to CEQA because it involves only organizational or administrative activities that will not result ...
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