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Temporary Sales Tax Measure, November 2010 5 July 19, 2010 <br />• Audit: Independent audits occur annually as part of the City's municipal accounting <br />practices. The quarter cent sales tax would be audited each year, as part of the City's <br />annual audit. The audit results would be made available to the oversight committee. <br />• Citizens' Oversight Committee: It was first suggested by the Citizens' Budget Task Force <br />that an oversight committee be established, if a sales tax measure was successful. The <br />Council would appoint a committee of no more than five community members to review <br />the revenue and reports generated by the quarter cent sales tax. <br />Previous City Council Action(s) <br />June 21, 2010 Council directed staff to prepare documents for consideration at the July 19, 2010 <br />meeting. <br />Summary of Public Outreach Efforts <br />As outlined in the background of this report. <br />CONCLUSION <br />This report provides an overview of the proposed temporary sales tax revenue measure for <br />consideration by the City Council for the November 2, 2010 election. Should they concur, the <br />City Council would need to adopt the related resolution. <br />