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MEASURE W PUBLIC SAFETY TAX FUND AUDITS FOR THE YEAR ENDED JUNE 30, 2023
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RECOMMENDATION
Information item only.
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Presented for the Measure W Oversight Committee review is the Measure W Public Safety Tax Fund Audits for the year ended June 30, 2023.
Summary
Presented for Committee review is the Independent Auditor’s Report for the City of Stockton Measure W Public Safety Tax Fund Financial Schedule for the year ended June 30, 2023 (Attachment A). The City received an unmodified (clean) opinion for the engagement.
The Measure W Public Safety Tax Fund Audit was accepted by the Council Audit Committee and the City Council.
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, the proceeds of which are used exclusively for police and fire services. The Measure W Fund is where the City separately accounts for the collection of revenues generated from this sales tax and the expenditures of these taxes. 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 balances of the Measure W Fund for the year ended June 30, 2023.
The Measure W Public Safety Tax Fund Financial Schedule for the year ended June 30, 2023 was approved by the Council Audit Committee on March 18, 2024 and by the City Council on March 19, 2024.
Attachment A - 2023 Measure W Public Safety Tax Fund Audit