2016/17 Measure G Sales Tax Annual ReportANNUAL MEASURE G SALES
TAX OVERSIGHT REPORT FOR
PERIOD ENDING JUNE 30, 2017
REVENUES
Total Measure G sales tax revenues for the period
April 1, thru June 30, 2017 were $1,462,650. This
compares with the original budget estimate of $1
million.
Actual tax revenues exceeded the budget estimate
due to:
- Higher than anticipated collection and reporting
compliance
- Higher levels of purchased goods from
neighboring cities for delivery within the City of
La Quinta
- Conservative original estimates due to the lack
of history.
For the fiscal year ending June 30, 2018, Measure G
tax revenues are estimated to be $8 million.
Voters passed Ballot Measure G in November 2016.
Measure G provides a one percent transaction and
use tax, effective April 1, 2017, which is fully
allocated to the City of La Quinta. Tax revenues
received will be used to maintain services and
programs and for needed infrastructure
improvements.
The Financial Advisory Commission (FAC) provides
oversight of these tax revenues. The first Annual
Measure G Sales Tax Oversight Report covers the
period April 1, thru June 30, 2017, and provides
estimates for fiscal year ending June 30, 2018.
FEBRUARY 6, 2018
BACKGROUND
EXPENDITURES
There were no programmed expenditures for
the period April 1, thru June 30, 2017 using
Measure G tax revenues because these
revenues were not received until late June.
Since then, $990,873 of the $1,462,650 tax
revenues received was appropriated for two
drainage improvement projects; the
Eisenhower Drive retention basin ($750,000)
and the Calle Tampico drainage study
($240,873). The remaining $471,777 was
assigned to reserves pending Council
appropriation.
For the fiscal year ending June 30, 2018,
programmed expenditures are estimated to be
$5,369,500 and entail parkway landscape
improvements in North La Quinta, citywide
drainage improvements, the Village Road Diet,
and a Public Safety Services Fund.
The remaining balance of $2,630,500 was
assigned to reserves pending Council
appropriation.
All Measure G revenues shall be used in accordance with the ballot measure for costs including police
protection, projects such as parks, landscaping and flood control, programs attracting businesses,
youth/senior services, and sports recreation programs.
Pictures of North La Quinta landscape improvements are featured in this report.
ANALYSIS
CONCLUSION
Measure G tax revenues are being used in accordance with the ballot measure requirements.
BUSINESS SESSION ITEM NO. 7
City of La Quinta
CITY COUNCIL MEETING: February 6, 2018
STAFF REPORT
AGENDA TITLE: APPROVE MEASURE G COMPLIANCE REPORT FOR FISCAL YEAR 2016/17
RECOMMENDATION
Approve the annual Measure G Compliance Report for 2016/2017.
EXECUTIVE SUMMARY
• The Financial Advisory Commission (FAC) oversees Measure G sales tax funds.
• An annual report is prepared to ensure adherence to the ballot measure.
FISCAL IMPACT - None
BACKGROUND/ANALYSIS
Audited financial statements for 2016/17 were presented to Council on January 16, 2018.
In accordance with the Measure G ballot measure, the FAC provides oversight of the funds.
The Annual Measure G Sales Tax Oversight Report for Period Ending June 30, 2017
(Attachment 1) presents revenue and expenses through June 30, 2017. The Finance
Department, in conjunction with a subcommittee of FAC members (Chairman Batavick,
Commissioner Lopez, and Commissioner Mills), prepared the report.
A brief update for 2017/18 is included in the report.
ALTERNATIVES
The Council may request additional information.
Prepared by: Karla Campos, Finance Director
Approved by: Frank J. Spevacek, City Manager
Attachment: 1. Annual Measure G Sales Tax Oversight Report for Period Ending
June 30, 2017
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