Description
Title: Fiscal Year (FY) 2024/25 Measure U Sales Tax Performance Audit
Summary
The City of Sacramento's Budget and Audit Committee has reviewed the Fiscal Year (FY) 2024/25 Measure U Sales Tax Performance Audit, which evaluates the city’s compliance with the Measure U ballot provisions regarding the use of sales tax revenues. Conducted by the independent firm Macias Gini & O’Connell, LLP, the audit determined that the city properly utilized Measure U funds for approved projects without any adverse findings. The audit is part of a mandated annual review to promote fiscal transparency and accountability. It confirms that the city reported approximately $134.7 million in revenues and $163.7 million in expenditures for Measure U projects. The findings will be forwarded to the City Council for approval, ensuring public access to government financial practices.