TO: Board of Supervisors
FROM: Tracy A. Schulze, Auditor-Controller
REPORT BY: Tracy A. Schulze, Auditor-Controller
SUBJECT: Senate Bill 165 Annual Report - Community Facilities District 2012-1, Milliken-Sarco-Tulocay (MST)
RECOMMENDATION
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Accept and instruct the Clerk of the Board to file the Annual Report in accordance with SB 165 for Fiscal Year 2023-24 on financial activity of Community Facilities District 2012-1 Milliken-Sarco-Tulocay (MST). (No Fiscal Impact; Mandatory)
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BACKGROUND
On September 19,2000, Senate Bill 165 enacted the Local Agency Special Tax and Bond Accountability Act (“Act”) requiring annual reporting for local special tax measures or bond measures adopted after January 1, 2001, in accordance with California Government Code sections 50075.1 and 50075.3, To comply with this Act, the Auditor-Controller is required to file an annual report with the Board of Supervisors containing 1) the amount of funds collected and expended during the previous fiscal year, and 2) the status of any project required or authorized to be funded as identified in subdivision (a) of Government Code Sections 50075.1 and 53410. Please see the attached report for details in the amounts collected for Fiscal Year 2023-24 and the status of projects.
Requested action: Accept and file the SB 165 annual report for Fiscal Year 2023-24.
FISCAL & STRATEGIC PLAN IMPACT
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Is there a Fiscal Impact? |
No |
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Is it Mandatory or Discretionary? |
Mandatory |
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Is the general fund affected? |
No |
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Future fiscal impact: |
None |
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Consequences if not approved: |
The County would not be in compliance with SB 165, as it pertains to Government Code Sections 50075.1 and 50075.3 |
ENVIRONMENTAL IMPACT
ENVIRONMENTAL DETERMINATION: The proposed action is not a project as defined by 14 California Code of Regulations 15378 (State CEQA Guidelines) and therefore CEQA is not applicable.