Receive and File the Measure Y Sales Tax Status Report as Approved by the Finance Advisory Committee.

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File Number

15-024

Type

Minute Order

Status

Consent Agenda

Final Action

Receive and File the Measure Y Sales Tax Status Report as Approved by the Finance Advisory Committee.

On Agenda

6/22/2015

In Control

City Council Meeting Agenda

Full Text

title

Receive and File the Measure Y Sales Tax Status Report as Approved by the Finance Advisory Committee.

body

Contact Person/Dept: Jeff Muir

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 [] Date:

Public Notification: (Email) Meetings and Agendas - City Council (06/18/15); (Email) Meetings and Agendas - Fiscal and Budget Issues (06/18/15).

Department Approval: Jeff Muir (06/11/15)

____________________________________________________________________________

RECOMMENDATION

Staff recommends the City Council receive and file the attached Measure Y Sales Tax Status Report as approved by the Finance Advisory Committee (FAC).

BACKGROUND/DISCUSSION

Item 2 on the FAC Work Plan is to “Develop a methodology to analyze Measure Y proceeds and report the results to the public.” The attached Measure Y Status Report is a simple, one-page report providing some background information on Measure Y, shows budget versus actual results by fiscal year, top 25 Measure Y sales tax producers, and the cumulative totals received through the third quarter of the 2014/2015 fiscal year.

This is the fifth report being presented by the FAC and is in a format consistent with the previously approved report. At their June 2015 meeting, the FAC approved this report and recommended it be transmitted to the City Council.