TO: AC Transit Board of Directors
FROM: Linda A. Nemeroff, District Secretary
SUBJECT: Parcel Tax Fiscal Oversight Committee
ACTION ITEM
RECOMMENDED ACTION(S):
Title
Consider directing the District Secretary to conduct a recruitment to fill a vacancy on the Parcel Tax Fiscal Oversight Committee for the remainder of a three-year term expiring on August 31, 2025, or to fill the vacancy by the direct appointment of a qualified candidate.
Staff Contact:
Linda Nemeroff, Board Administrative Officer/District Secretary
Body
STRATEGIC IMPORTANCE:
Goal - Strong Public and Policymaker Support
Initiative - Financial Efficiency and Revenue Maximization
The Parcel Tax Fiscal Oversight Committee was first established as the Measure AA Oversight Committee in 2003 by the District's Board of Directors. Although the Committee's name has changed over time, its primary responsibility is to review the most recent fiscal year end annual audit to determine whether funds generated by District's parcel tax measures have been expended in accordance with the intentions of the voters. In the interest of transparency, the Committee also provides a report of its findings (via a resolution) to the Board of Directors on an annual basis and its meetings are open to the public.
BUDGETARY/FISCAL IMPACT:
There is no budgetary/fiscal impact associated with this report.
BACKGROUND/RATIONALE:
The Parcel Tax Fiscal Oversight Committee is composed of seven community representatives who provide independent oversight of approximately $30 million in Measure VV/C1 parcel tax proceeds collected by the District in Special Transit Service District 1, which is comprised of the entire District except the Cities of Fremont and Newark. The Committee generally meets once per year, and these are non-paid, volunteer positions. There is currently a vacancy on the Committee due to the passing of Member Janet Abelson, who served on the Committee since inception.
The District Secretary seeks direc...
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