Advisory Board: MEASURE X COMMUNITY FISCAL OVERSIGHT COMMITTEE
Subject: Committee Report Discussion and Transmittal
Presenter: Greg Marvel, Chair
Information:
The Measure X Community Fiscal Oversight Committee is responsible for reviewing the expenditure of tax revenue generated by Measure X to ensure that conforms to the stated intent of the ballot measure and the Board of Supervisors’ direction for specific allocations. The Committee also oversees an annual audit of expenditures of tax revenue generated by Measure X, and prepares an annual report of expenditures of tax revenue generated by Measure X. The Committee’s role is to advise the Board of Supervisors on these matters. The Committee will not make any funding recommendations.
At the Committee’s second meeting, the Committee received a report on the audit plan. At the Committee’s third meeting held October 23, 2024, a report was received from the independent auditor. The Committee discussed the Committee’s report, recommendations, and next steps for completing the report. At the Committee’s fourth meeting, scheduled for November 21, 2024, the Committee will discuss and finalize the Committee report. Once finalized, the Committee will transmit the report to the Board of Supervisors.
Attachment(s):
• Attachment A: Draft Committee Report
• Attachment B: FY 2021-2024 Measure X Audit Report
Recommendation(s)/Next Step(s):
Discuss and finalize Measure X Community Fiscal Oversight Committee report and transmit final report to the Board of Supervisors.