Measure U audit confirmed; committee forwards annual report and adopts near-term budget priorities

The Port Hueneme City Transaction and Use Tax Citizens Oversight Committee received a clean, unmodified audit opinion for the city's 2024 fiscal year and reviewed preliminary fiscal year 2025 results that staff said show about a $500,000 decline in Measure U sales tax revenue compared with earlier figures.

Committee members voted unanimously to approve the meeting consent calendar, accept the staff report on Measure U finances, and forward the committee's annual report to the City Council as a consent item.

Staff told the committee the FY24 audit included citywide funds and Measure U and that auditors confirmed the previously presented FY24 figures, including roughly $3.3 million in Measure U revenue and related expenditures. For FY25, staff presented preliminary, budget-to-actual estimates and said the city must still collect lagging June sales-tax receipts from the state before figures are final. Staff estimated Measure U receipts at about $3.1 million for FY25 versus $3.6 million previously projected; the staff attributed the decline in part to lower cannabis tax receipts that have also affected general sales-tax collections.

The committee reviewed…