Item Coversheet

Agenda Item 6.

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TRANSPORTATION AGENCY FOR MONTEREY COUNTY
Memorandum
To: 

Board of Directors

From:

Theresa Wright, Community Outreach Coordinator

Meeting Date:

April 28, 2021

Subject:

Measure X Third Year (FY19/2020) Audit Results


RECOMMENDED ACTION:

RECEIVE presentation on the Measure X Third Year Audit (FY19/2020) results and the Measure X Annual Report.  

SUMMARY:
One of the responsibilities of the Measure X Citizen Oversight Committee is to conduct independent audits of the revenues and expenditure of Measure X funds and to prepare & present annual reports regarding the administration of the program. The audit subcommittee of the Measure X Citizens Oversight Committee conducted the third year audit (FY 19/2020), prepared the annual report and will present their findings to the Board of Directors.   
FINANCIAL IMPACT:
In the past fiscal year, 2019/20, Measure X generated $28.198 million in transportation improvements in Monterey County.  Of that amount, 60% was distributed to the cities and the County for local projects, while the remaining 40% was programmed to regional safety and mobility projects.
DISCUSSION:

In accordance with the Policies & Project Descriptions for the Transportation Safety & Investment Plan, a Citizens Oversight Committee representing a diverse range of community interests was formed within six months of voter approval of Measure X. Members and their alternates were nominated by the organization they are representing. Additional members were nominated by the Transportation Agency Board of Directors to assure that a broad range of geographic and stakeholder interests are represented on the committee.

 

The duties of the Committee as defined in the Policies & Project Descriptions for the Transportation Safety & Investment Plan are as follows:

  • Conduct independent audits to assure that funds are being expended in accordance with requirements of the Transportation Safety & Investment Plan;
  • Review and make recommendations on any proposed changes to the plan,  prior to the Transportation Agency Board consideration;
  • Review and comment on project delivery schedules as represented in the Strategic Expenditure Plan and make recommendations to the Transportation Agency on any proposals for changing project delivery prioritize; and,
  • Prepare annual reports regarding the administration of the program, to be presented to the Transportation Agency Board of Directors and available for public review. 

 

In accordance, the Measure X Citizen Oversight Committee established a subcommittee on January 15, 2019 to conduct the independent audits of the revenues and expenditure of Measure X funds. The duties of the subcommittee are to conduct the audit, report their findings to the full committee and to prepare the Measure X Annual Report. The committee is also required to present their findings and the Measure X Annual Report to the TAMC Board of Directors; and to make their report available to the public.

 

On November 10, 2020, the Measure X Citizens Oversight Committee elected Chair Barbara Meister to serve as Chair of the audit subcommittee. Other members elected to serve on the committee were Paula Getzelman, Kevin Dayton and Rick Heuer. The Measure X Audit Subcommittee conducted the independent audit and prepared the Measure X Annual Report in January - February 2021. This presentation provides the results of the subcommittee's audit and the Measure X Annual Report. 

 

ATTACHMENTS:
Description
2020 TAMC Annual Report
2020 TAMC Annual Report - Spanish Language