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05
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2012
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041712
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05
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4/12/2012 11:33:58 AM
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4/12/2012 11:33:43 AM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
4/17/2012
DESTRUCT DATE
15Y
DOCUMENT NO
05
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• <br /> BACKGROUND AND SUMMARY <br /> • <br /> TAXPAYER SAFEGUARDS <br /> The commitments in this expenditure plan are <br /> underscored by a set of strong taxpayer safeguards to <br /> ensure that they are met.These include an annual <br /> independent audit and report to the taxpayers; <br /> ongoing monitoring and review by an Independent <br /> Watchdog Committee;requirement for full public <br /> review and periodic voter approval for a <br /> comprehensive update to the expenditure plan at <br /> least once prior to the end of 2042 and every 20 years <br /> thereafter;and strict limits on administrative <br /> expenses charged to these funds. <br /> Local Funds Spent Locally <br /> The revenue generated through this transportation <br /> sales tax will be spent exclusively on projects and <br /> programs in Alameda County.All of the projects and <br /> programs included in the expenditure plan are <br /> considered essential for the transportation needs of <br /> Alameda County. <br />
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