CITY COMMISSION AGENDA ITEM

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Department:

City Manager’s Office

Commission Meeting Date:  10/17/17

Staff Contact:

Casey Toomay, Assistant City Manager

Recommendations/Options/Action Requested:

 

Receive the 2015 and 2016 Annual Reports from the Sales Tax Audit Committee

 

Executive Summary:

Pursuant to Ordinance 8349, the Sales Tax Audit Committee (STAC) has approved annual reports of its findings and conclusions for 2015 and 2016 and finds that the sales tax revenue is being use properly and in accordance with the purposes for which the November 4, 2008 voter approved City retailers’ sales taxes were authorized. 

 

Each reports details collections and expenditures of the 0.3%, 0.2%, and 0.05% sales taxes for each year.  A summary is shown below. 

 

Sales Tax Purpose

2015
Collections

2015
Expenditures

2016
Collections

2016
Expenditures

0.3% Infrastructure and Equipment

   $4,974,894

        $8,155,563

   $5,346,156

        $5,333,137

0.2% Public Transportation*

   $3,316,596

        $2,997,721

   $3,564,104

        $3,123,293

0.05% Public Transportation Expanded

       $829,149

                       $ -  

       $891,026

                       $ -  

*Expenditures shown reflect the total from Fund 210, which has revenue sources other than the sales tax including fare box receipts and reimbursements.

 

While the STAC approved the 2015 report at their meeting on April 28, 2016 and the 2016 report at their meeting in May of 2017, it was discovered neither report had been placed on a City Commission agenda. 

Strategic Plan Critical Success Factor

Sound Fiscal Stewardship

Fiscal Impact (Amount/Source):

There is no fiscal impact to the City. 

Attachments:

2015 STAC Annual Report

2016 STAC Annual Report

 

Reviewed By:

(for CMO use only)

☐TM

☐DS

☒CT

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