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Approval of Measure Y Sales Tax Status Report for Transmittal to City Council
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Meeting Date: January 11, 2019
Contact Person/Dept: Erica McAdoo/Finance Department
Phone Number: (310) 253-5865
Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [X]
Public Hearing: [] Action Item: [] Attachments: [X]
Public Notification: (Email) Meetings and Agendas - Finance Advisory Committee (01/04/19)
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RECOMMENDATION
Staff recommends the Finance Advisory Committee (FAC) approve the Measure Y Sales Tax Status Report and authorize transmittal to City Council.
BACKGROUND/DISCUSSION
Item 2 on the FAC Work Plan is to “Develop a methodology to analyze Measure Y proceeds and report the results to the public.” The attached Measure Y Status Report is a simple, one-page report providing some background information on Measure Y, shows budget versus actual results by fiscal year, top 25 Measure Y sales tax producers, and the cumulative totals received through the fourth quarter of the 2017/2018 fiscal year.
With approval of the FAC, and incorporating any changes requested, staff will transmit this report to the City Council.
ATTACHMENTS
1. Measure Y Sales Tax Status Report XVIII - Draft
MOTION
That the Finance Advisory Committee:
1. Discuss the Measure Y Status Report; and
2. Make recommendations to Staff; and
3. Authorize transmittal to City Council.