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Measure S oversight committee presents annual audit; council receives report showing $1.06 million fund balance
Summary
The Measure S oversight committee presented the annual fiscal report for 2023–24, including a clean audit and an audited fund balance of $1,063,093; council received and filed the committee’s report.
City staff and the Measure S oversight committee presented the annual report and audit for the local sales-tax-funded Measure S program, and the City Council received and filed the report.
Staff and the committee reviewed revenue and expenditure categories for the program year ending June 30, 2024, highlighting department-level spending recommendations and expenditures for fire, police, streets and pool operations. The report included line-item details presented to the committee and incorporated into the city’s budget process.
The report and accompanying audit showed a Measure S audited fund balance of $1,063,093 as of June 30, 2023 (audit completed for the period ending 06/30/2023). Staff said some budgeted projects rolled over into the current fiscal year because work was not completed by June 30; those carryovers account for part of the fund balance.
Committee chair Ernie Perry told the council the audit was “a successful audit and that everything is accounted for both expenditures and revenues.” City staff and the oversight committee praised the finance director and staff for robust accounting and budget projections.
The council accepted the Measure S oversight committee report and indicated no additional action was required at this time.
