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Oversight committee hears Measure G finance update: clean audit, revenues ahead of projections and annual report approved
Summary
Finance staff told the Measure G committee the city received a clean audit of its financial statements and that Measure G revenues for the partial FY24-25 period were $5.7 million (above projection); the committee approved the inaugural annual report for public distribution with minor edits.
The Measure G Citizen Oversight Committee received a financial update that showed a clean audit opinion and revenues ahead of early projections, and it voted to approve the committee's inaugural annual report for public distribution.
Seth Anderson, budget officer for the finance department, told the committee the city's independent auditor issued an unmodified (clean) opinion on the city's financial statements. "This confirms that Measure G revenues and expenditures as recorded were presented fairly in accordance with accounting standards," Anderson said.
Anderson…
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