Title:
Title
Approval of Measure U Community Advisory Committee Annual Reports FY 2016/17 and FY2017/18
End
FileID
File ID: 2019-01584
Location
Location: Citywide
Recommendation:
Recommendation
Pass a Motion approving the FY2016/17 and FY2017/18 Measure U Community Advisory Committee Annual Reports
Contact: Leyne Milstein, Assistant City Manager, (916) 808-8491, Daniel Sanchez, Special Projects Manager, (916) 808-8796, Office of the City Manager
Body
Presenter: Leyne Milstein, Assistant City Manager, (916) 808-8491, Daniel Sanchez, Special Projects Manager, (916) 808-8796, Office of the City Manager
Attachments:
1-Description Analysis
2-Annual Report FY16.17
3-Annual Report FY17.18
4-FY 2016.17 Measure U Performance Audit Report
5-FY 2017.18 Measure U Performance Audit Report
Description/Analysis
Issue Detail: On November 6, 2018, City of Sacramento voters approved a one-cent Transaction and Use Tax (Measure U) replacing the existing half-cent TUT that expired on March 31, 2019. As required by Measure U, the City Council adopted Resolution 2018-0393, which established a fifteen-member Community Advisory Committee (Committee) to review revenues and expenditures and make recommendations to the City Council.
The Measure U ballot language requires annual independent financial audits and citizen oversight. As part of complying with the ballot language, the Measure U revenues and expenditures are accounted for in a separate fund and a performance audit is completed annually by the City's external auditors to ensure that Measure U funds are spent in accordance with the ballot measure.
As stated in Resolution 2018-0393, Committee responsibilities include the following:
A. Provide recommendations through the publication of an annual report that will be available on the City's website and presented to the Sacramento City Council, which report will include:
a) A review of Transaction and Use Tax revenues;
b) Recommendations on how to allocat...
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