SamTrans Measure W COC Issues Audit Report
The San Mateo County Transit District Measure W Citizens’ Oversight Committee (COC) has published its annual report on the expenditure of Measure W funds in Fiscal Year 2020. The independent audit conducted by the District and the COC’s report are required by Measure W in order to provide additional accountability.
The COC found that the Independent Auditor’s report appropriately presents the Measure W revenues and expenditures (for the period ending June 30, 2020). The COC also was supportive of the process by which the audit was conducted and with the outcomes.
The District’s annual audit report of Measure W tax proceeds for FY2020, was provided on June 30, 2021, by Eide Bailly, LLP, an independent accounting firm. This firm has several years of experience in conducting independent audits of the financial results of both SamTrans and the San Mateo County Transportation Authority (TA).
In its audit, Eide Bailly, LLP provided an unmodified opinion (what is often referred to as a “clean” opinion) on the Measure W financial statements as prepared by District staff. The COC held a public hearing on the audit report on July 22, 2021.
In 2018, San Mateo County voters approved Measure W, a half-cent sales tax that provides a revenue source to SamTrans and the TA.
About SamTrans: SamTrans operates 70 routes throughout San Mateo County. Funded in part by a half-cent sales tax, the San Mateo County Transit District also provides administrative support for Caltrain and the San Mateo County Transportation Authority. SamTrans has provided bus service to San Mateo County customers since 1976.
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