Title
Motion to accept Measure W Citizens' Oversight Committee report independently verifying Fiscal Year 2021-22 Measure W revenues and expenditures. (Karen Chang, Director of Finance; and Sharon Ranals, Interim City Manager)
Recommendation
RECOMMENDATION
It is recommended that the City Council move to accept the Measure W Citizens' Oversight Committee report independently verifying Fiscal Year 2021-22 Measure W revenues and expenditures.
Body
BACKGROUND/DISCUSSION
In November 2015, South San Francisco residents approved Measure W, a half-cent transaction and use tax. Pursuant to the Measure W resolution adopted by the City Council, members of the South San Francisco community were appointed to the Measure W Citizens' Oversight Committee (COC), and the City Council adopted the COC bylaws. The COC bylaws establish that the COC will periodically report to the City Council regarding the collection and expenditure of Measure W revenue. The bylaws direct the COC to meet with the City's independent auditor to receive the audit findings for the prior fiscal year's collection and expenditure of revenue from the tax authorized by Measure W and to report in writing to the City Council regarding the accuracy of the auditors' findings regarding Measure W revenues and expenditures.
During the 2021-2022 fiscal year (FY), COC conducted regular bi-monthly meetings to review Measure W revenues and expenditures. COC also received periodic updates from the project teams on Measure W's project status.
On December 7, 2022, the City's auditor, Maze & Associates (Maze) provided COC an overview of the audit and the draft Measure W financial results. On January 3, 2023, the City provided a copy of the Annual Comprehensive Financial Report FY 2021-22 to COC for review. On January 23, 2023, the COC met and adopted a resolution acknowledging receipt of the draft FY 2021-22 Annual Comprehensive Financial Report and approving a memorandum to the City Council independently verifying us...
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