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8D Consent 2013 0916
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8D Consent 2013 0916
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Last modified
10/3/2013 2:11:16 PM
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9/11/2013 4:33:10 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
9/16/2013
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_CC Agenda 2013 0916 CS+RG
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\City Clerk\City Council\Agenda Packets\2013\Packet 2013 0916
Reso 2013-116
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Path:
\City Clerk\City Council\Resolutions\2013
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City of San Leandro <br />Meeting Date: September 16, 2013 <br />Staff Report <br />Agenda Section:File Number:13-459 CONSENT CALENDAR <br />Agenda Number:8.D. <br />TO:City Council <br />FROM:Chris Zapata <br />City Manager <br />BY:David Baum <br />Finance Director <br />FINANCE REVIEW:David Baum <br />Finance Director <br />TITLE:Staff Report for Resolution Approving the Measure Z Citizens Oversight <br />Committee’s Annual Report on Measure Z Sales Tax for Fiscal Year 2012-13 <br />SUMMARY AND RECOMMENDATIONS <br />On November 2, 2010, the Measure Z quarter-cent sales tax was approved by more than 60% <br />of voters. The ballot language assured voters that Measure Z receipts would provide <br />revenues to cover vital City services, expire March 31, 2018, be subject to annual audits and <br />be reviewed by a citizens’ oversight committee . It is recommended that the City Council <br />accept the annual report developed by the Measure Z Citizens Oversight Committee and use <br />this information to advance the discussion of revenue sustainability for the City. <br />BACKGROUND <br />On November 2, 2010, the Measure Z quarter-cent sales tax was approved by more than 60% <br />of voters. The ballot language assured voters that Measure Z receipts expire March 31, 2018, <br />are subject to annual audits and are reviewed by a citizens oversight committee. <br />On April 2, 2012, the City Council passed a resolution authorizing the creation of the Measure <br />Z Citizens Oversight Committee. The City Council defined the scope of responsibility and <br />duties of the Oversight Committee to include developing an annual report on the following: <br />·Amounts of Transaction and Use Tax revenue generated by Measure Z <br />·Use of the tax revenue and the impact on the City operating budget including a <br />statement on the impact of the revenue in reducing the amount of cuts resulting from <br />addressing the budget shortfall <br />·Statement of expenditures funded by Measure Z revenues <br />·Impacts of Measure Z on local business competitiveness and the collection of Sales <br />Tax revenues <br />Page 1 City of San Leandro Printed on 9/11/2013
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