Westminster City Council
SUBJECT
Title
Measures Y and E Citizens Oversight Committee Annual Report.
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From: Measures Y and E Citizens Oversight Committee Chairman Michael Verengia
Requested by: Administration
Prepared by: Erin Backs, Finance Director
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RECOMMENDED ACTION
Recommendation
Receive and file the report.
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BACKGROUND
On November 8, 2023, residents of Westminster approved Measure Y, a no-tax increase local services ballot measure to adopt a new one-cent (1%) transaction and use tax that replaced the expiring Measure SS, which ended December 31, 2022. Measure Y collections began on April 1, 2023 and will end on March 31, 2043, for a total of 20 years.
During the Special Election held on March 5, 2024, the residents of Westminster voted and approved the passing of Measure E (Safety, Services and Stabilization Measure) to adopt a new half-cent (1/2%) transaction and use tax. Measure E collections began July 1, 2024 and will continue until ended by the voters.
Citizens Oversight Committee
Consistent with the City's ongoing commitment to citizen involvement as a fundamental principle of good government, the adopted Ordinance for both Measures Y and E included a provision for a citizens oversight committee. Members are appointed by City Council and required to meet twice a year to review and discuss the use of the revenue generated by the measures.
The Measures Y and E Citizens Oversight Committee has the following responsibilities:
• Review of the City's annual audited financial report, specifically related to the use of funds generated through Measures Y and E.
• Review general fund revenue and expenditure related to the use of funds generated through Measures Y and E included in the City's annual budget report.
• Report to the City Council regarding their findings following the review of the annual audited financial report and the annual budget report.
The attached report from the Measures Y and E Citizens Oversight Committee is a summary of the information provided by staff and reviewed by the committee along with a summary provided by the committee chair.
FISCAL IMPACT
None
LEGAL REVIEW
The City Attorney’s Office has reviewed as to form.
CONCLUSION
The Measures Y and E Citizens Oversight Committee reviewed the FY 2022-23 Annual Comprehensive Financial Report, FY 2024-25 Adopted Budget, FY 2023-24 Annual Comprehensive Financial Report, FY 2024-25 Midyear Budget Review and Proposed FY 2025-26 Budget.
ATTACHMENTS
1. Measures Y and E Citizens Oversight Committee Annual Report
REVIEWED BY
Erin Backs, Finance Director
City Attorney’s Office
Christine Cordon, City Manager