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MEASURE W PUBLIC SAFETY TAX FUND AUDIT FOR THE YEAR ENDED JUNE 30, 2017
recommended action
Information item only.
Presented for the Measure W Oversight Committee review is the Measure W Public Safety Tax Fund Audit for the year ended June 30, 2017.
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Summary
Presented for Committee review is the Independent Auditor’s Report for the City of Stockton Measure W Public Safety Tax Fund financial schedules for the years ended June 30, 2017 and 2016 (Attachment A). The City received an unmodified (clean) opinion on the engagement.
On February 5, 2018, the Council Audit Committee and on February 27, 2018, the City Council received, reviewed and took action to accept the Measure W Public Safety Tax Fund Audit.
DISCUSSION
Measure W, approved by voters on November 2, 2004, authorized Ordinance No. 038-04 CS that provides for an additional one-quarter cent sales tax to be used exclusively in providing police and fire services. The Measure W Fund is a separate set of accounts in the City financial system used to record revenues received and expenditures incurred related to the ordinance. The measure approved by voters also requires an annual audit. The auditors did not report any findings, and the City received an unmodified (clean) opinion on the financial schedule of revenues, expenditures, and changes in fund balance of the Fund for the years ended June 30, 2017 and 2016.
Attachment A - Measure W Public Safety Tax Fund Independent Auditor’s Report and Financial Schedules for the Years Ended June 30, 2017 and 2016