Title
Informational report on Measure W fund balance and expenditures for FY 2021-22. (Karen Chang, Finance Director)
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RECOMMENDATION
Recommendation
This report is informational and requires no formal action from the Committee.
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BACKGROUND/DISCUSSION
On November 3, 2015, South San Francisco residents approved a half-cent sales tax by an overwhelming majority. The adoption of Measure W ensures that the City of South San Francisco will be able to maintain and enhance locally controlled City services that the community cares about and has come to expect - including neighborhood police patrols, 911 response times, crime and gang suppression programs, street maintenance and pothole repair, maintaining youth/teen educational/recreational programs, providing a police operations center that meets earthquake safety codes, and other essential services.
The voter-approved half-cent sales tax (Measure W) went into effect on April 1, 2016. Since that time, the sales tax proceeds have been accounted for separately from the City's General Fund to track the commensurate revenues and expenditures.
Major projects currently funded by Measure W are:
1. Community Civic Campus Program
a. Police Operations & 911 Dispatch Center (pf1707)
b. Library, Parks and Recreation and Community Theater/Council Chamber (pf2103)
2. Orange Memorial Park Project
a. Multi-Use Sports Fields
b. Aquatic Center
c. Park Playground
d. Park Bridges
3. Paving Program
Use to augment City efforts towards street maintenance and pothole repairs
A. MEASURE W FUND BALANCE THROUGH JUNE 30, 2022 (PRELIMINARY)
The following is a summary of Measure W revenues and expenditures since its inception through June 30, 2022:
Table 1: Measure W Fund Balance Summary
Fiscal Year
(FY) Ended
6/30/2016
6/30/2017
6/30/2018
6/30/2019
6/30/2020
06/30/2021
06/30/2022 (Preliminary)
Total
TOTAL REVENUES
$ 1,493,425
$ 8,886,653
$ 11,162,238
$ 12,644,947
$ 11,704,090
$ 13,379,292
$ 12,321,378
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