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File #: 20-651    Version: 1 Name: FAC CW, CC, and C Measure Reports
Type: Minute Order Status: Consent Agenda
File created: 1/8/2020 In control: City Council Meeting Agenda
On agenda: 6/22/2020 Final action:
Title: CC - Receipt and Filing of (1) the Annual FY 2018/2019 Measure CW; (2) FY 2019/2020 2nd Quarter Measure CC; and (3) FY 2019/2020 2nd Quarter Measure C Reports as Approved by the Finance Advisory Committee
Attachments: 1. 1. 2020-06-22_ATT - Measure CW Fiscal Year 2018/2019 Annual Fiscal Monitoring Report, 2. 2. 2020-06-22_ATT - Measure CC Sales Tax Status Report XXIV for 2nd Quarter - FY 2019/2020, 3. 3. 2020-06-22_ATT - Measure C Sales Tax Status Report XXIV for 2nd Quarter - FY 2019/2020
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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CC - Receipt and Filing of (1) the Annual FY 2018/2019 Measure CW; (2) FY 2019/2020 2nd Quarter Measure CC; and (3) FY 2019/2020 2nd Quarter Measure C Reports as Approved by the Finance Advisory Committee

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Meeting Date: June 22, 2020

Contact Person/Dept: Erica McAdoo/Finance Department

Phone Number: (310) 253-5865

Fiscal Impact: Yes [] No [X] General Fund: Yes [] No []

Public Hearing: [] Action Item: [] Attachments: [X]

Commission Action Required: Yes [] No []

Public Notification: (E-Mail) Meetings and Agendas - City Council (06/18/2020); (Email) Meetings and Agendas - Fiscal and Budget Issues (06/18/2020)

Department Approval: Onyx Jones, Chief Financial Officer (06/17/2020)
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RECOMMENDATION

Staff recommends the City Council receive and file the attached (1) Annual FY 2018/2019 Measure CW; (2) FY 2019/2020 2nd Quarter Measure CC; and (3) FY 2019/2020 2nd Quarter Measure C Reports as approved by the Finance Advisory Committee.


BACKGROUND/DISCUSSION

Measure CW Annual Monitoring Report (FY 2018/2019)

Item 5 on the FAC Work Plan is to: "Review revenues and expenditures of the Parcel Tax Proceeds consistent with the City Council Adopted Budget and submit a report of its findings to the City Council." The attached Measure CW Annual Fiscal Monitoring Report is an interactive, infographic report providing some background information on Measure CW, illustrating revenues and expenditures from July 1, 2018 - June 30, 2019, project-to-date spend cumulative estimated project totals and percent of non-City project budget.

This is the second Measure CW report being presented by the FAC following the second year of parcel tax proceed collections.

Measure CC Report (2nd Quarter - FY 2019/2020)

Item 2 on the FAC Work Plan is to: "Develop a methodology to analyze Measure Y proceeds and report the results to the public." On March 3,...

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