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Finance officer reports Measure M revenues, expenditures for fiscal 2023–24 quarter
Summary
City budget staff told the Strong Communities Advisory Committee the Measure M fund received about $16.2 million through June 2024, with $5.87 million charged to Measure M for the year and a projected fund balance at sunset; staff said some capital purchases were encumbered and will roll into the next fiscal year.
Imelda Arroyo, budget officer, presented the fiscal year 2023–24 fourth-quarter revenues and expenditures for the Strong Communities fund on March 13.
Arroyo said total revenues received through June 2024 were about $16.2 million, of which $15.4 million came from sales-tax transactions and roughly $803,000 from investment proceeds. She referenced the California Department of Tax and Fee Administration sales tax report for the quarter…
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