Title:
Title
Fiscal Year 2017/18 Measure U Sales Tax Performance Audit Report
End
FileID
File ID: 2018-01760
Location
Location: Citywide
Recommendation:
Recommendation
Receive and file.
Contact: Osvaldo Lopez, Accounting Manager, (916) 808-4740; Dawn Holm, Director, (916) 808-5574, Department of Finance
Body
Presenter: None
Attachments:
1-Description/Analysis
2-FY2017/18 Measure U Performance Audit
Description/Analysis
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. As recommended by the Measure U Oversight Committee, the City engaged its independent public accounting firm to conduct a performance audit for Fiscal Year 2017/18.
Policy Considerations: This report is consistent with the City’s fiscal transparency and accountability principles.
Economic Impacts: None.
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 in direct or indirect physical changes in the environment. (CEQA Guidelines §15378(b)(5).
Sustainability: Not applicable.
Commission/Committee Action: The Fiscal Year 2017/18 Measure U Sales Tax Performance Audit Report was presented to the Budget and Audit Committee on January 29, 2019. The Committee approved a Motion to forward the report to the City Council.
Rationale for Recommendation: As recommended by the Measure U Oversight Committee it is in the best interest of the City to complete a performance audit to ensure that Measure U funds are spent in accordance with the purposes outlined in the original ballot measure. The public accounting firm of Vavrinek, Trine, Day and Co., LLP, has conducted the performance audit and has rendered its unmodified opinion that the City expended Measure U funds in accordance with the Measure U ballot measure.
Financial Considerations: There are no financial considerations associated with this report.
Local Business Enterprise (LBE): No goods or services are being purchased under this report