1996 AGN AUG 20 I10 - Laserfiche WebLink

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City of Colton AGENDA REPORT FOR COUNCIL MEETING OF AUGUST 20, 1996 TO: HONORABLE MAYOR AND CITY COUNCIL APPROVAL: MALIK FREEMAN, INTERIM CITY MANAGER FROM: ANNA A. VEGA, FINANCE DIRECTO, SUBJECT: SPECIAL GAS TAX AUDIT REPORT FOR THE YEAR ENDED JUNE 30, 1994 AS PRESENTED BY THE CALIFORNIA STATE CONTROLLER ON AUGUST, 1996 DATE: AUGUST 13, 1996 BACKGROUND In accordance with Government Code Section 12410, the State Controller's Office conducted an audit of the of the City of Colton's Special Gas Tax Street Improvement fund. The Special Gas Tax Street Improvement Fund is financed by Highway Users Tax apportionments. These funds are to be 3ezpended in accordance with Article 19 of the State Constitution and Streets and Highways Code Section 2101. DISCUSSION/ANALYSIS The audit objectives were to ensure that the apportionments were properly accounted for in the Special Gas Tax Street Improvement Fund; funds were used exclusively for authorized purposes; recoveries of prior gas tax expenditures were identified and properly credited to the fund; and unexpended funds were available for future expenditures. During this audit of apportionments for the year ended June 30, 1994 the State had two findings and recommendations for adjustments. Those adjustments were addressed in the 1994/95 fiscal year. ALTERNATIVES None FINANCIAL IMPACT None That the City Council receive the report and direct the city clerk to file as required by the public records act. ATTACHMENTS: Audit Report ITEM NO. Io