Reso 2014-101 - Laserfiche WebLink

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• Statement of expenditures funded by Measure Z revenues • Impacts of Measure Z on local business competitiveness and the collection of Sales Tax revenues • Measure Z public information and transparency efforts • Participation in developing a revenue sustainability plan and strategy On December 3, 2012, City Council approved the five member Committee consisting of City leaders chosen from commercial and non-profit organizations. During Fiscal Year 12-13, the City received its first full year of sales tax data related to Measure Z. These data are provided by the State Board of Equalization, which are typically six months in arrears. The Measure Z Oversight Committee held several meetings, made several recommendations and submitted its annual report. City staff supported the work of the Committee by producing audited financial statements for each year that Measure Z taxes were collected. These audits produced clean, unqualified opinions from the City's Certified Public Accountants, independent auditor. These audits and budgets adopted by City Council received awards from the Government Finance Officers Association. On September 16, 2013, the City Council approved the Measure Z Annual Report. The City receives 1.25 cents of the 9.25 cents per dollar sales tax. It is possible that the County's November 2014 sales tax (Measure B) will pass, which would increase the City's sales tax rate to as much as 10%. The current allocation of the 9.25 cents sales tax is as follows: AGENCY % State of California 5.50% State Public Safety Fund (Proposition 172) 0.50% State Public Education Fund (Proposition 30) 0.25% Alameda County 0.25% Alameda County Transportation Commission 0.50% Alameda County Essential Health Care Services 0.50% Alameda County BART 0.50% City of San Leandro (includes .25% Triple Flip backfill) 1.00% City of San Leandro Temporary Transaction and Use Tax 0.25% Total Sales Tax in San Leandro 9.25%