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City auditor verifies $22.9M baseline for Sacramento Children’s Fund; audited cannabis tax lowers FY25 transfer
Summary
The city auditor told the Sacramento Children’s Fund commission on May 7 that it verified a $22,900,000 baseline funding amount for fiscal year 2024–25 and reported audited cannabis business operations tax receipts of $22,609,932, producing a final FY24–25 transfer of about $9,040,000 to the fund.
The city auditor’s office told the Sacramento Children’s Fund Planning and Oversight Commission on May 7 that it verified the charter’s baseline funding amount at $22,900,000 for fiscal year 2024–25 and that audited cannabis business operations tax (CBOT) receipts came in below estimate, producing a roughly $9,040,000 contribution to the fund for FY24–25.
"Per section 1 20 of the city charter subsection e 1 c, the city auditor fulfilled its obligation to calculate the baseline funding amount to be $22,900,000," Joe Fleming, the senior fiscal policy analyst who led the audit work, said during the presentation. Fleming told commissioners the audit reviewed city expenditures between July 1, 2024, and June 30, 2025, and verified eligible youth-related expenditures net of program revenues against charter criteria.
Fleming also reported audited CBOT revenue of $22,609,932 for…
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