Rahoof Oyewole Chair
Heather Penko Vice Chair
Liz Jones Regular Member
1 T S , M , CA 92562 P : 951-304-2489 . M .
Transaction and Use Tax Oversight Committee
M T I B
Year
Fiscal
2023/24 Updated Dec 31, 2023
This “Measure T In Brief” pamphlet is a summary of the Transaction and Use Tax, otherwise known as Measure T, which is adopted with the City’s Biennial Budget. The City’s budget is prepared by the City Manager and Finance Department and approved by the City Council. This budget document represents our continued commitment to prudent fiscal management, provides an extra level of transparency, and supports the City Council’s high commitment to foster a high quality of life for the citizens of Murrieta.
If you have any questions after reviewing this document, please feel free to contact the Finance Department at 951.461.6044. You may also view more in-depth financial information on the City website.
Sincerely,
Kim Summers
M T O C
Review economic trends
Review revenue and expenditure reports prepared by City staff as they relate to the receipt and use of transactions and use tax revenue Aggressively pursue economic development
Receipt and consideration of reports from the City Manager or his or her designee on the operational impacts citywide of the transactions and use tax revenue
Review staff recommendations to the City Council on future use of transactions and use tax funds (based on revenue and expenditure reports and economic trends)
Revenue FY 2023/24 Budget FY 2023/24 Actuals Taxes-Sales Tax $ 30,550,000 $ 14,565,325 Total Revenue $ 30,550,000 $ 14,565,325 Expenditures FY 2023/24 Budget FY 2023/24 Actuals Personnel $ 12,328,810 $ 5,570,614 Operations & Maintenance $ 2,962,070 $ 1,367,783 Capital Outlay $ 1,324,667 $ 767,942 Internal Svcs & Allocations $ 797,270 $ 398,635 Transfers Out $ 10,049,859 $ 5,024,929 Total Exp. $ 27,462,676 $ 13,129,904 M T R E
Expenditures FY 2023/24 Budget FY 2023/24 Actuals Fire Dept $ 12,402,797 $ 5,783,500 Police Dept $ 7,758,299 $ 3,964,426 CSD Dept $ 3,419,912 $ 1,905,597 Public Works & Eng $ 1,137,792 $ 584,775 Development Serv $ 1,078,694 $ 236,642 Administration $ 771,324 $ 318,545 Other Dept $ 893,858 $ 336,419 $ 27,462,676 $ 13,129,904 M T E B D % M T E B D
M T A 73% of the Measure T budget is dedicated to public safety in FY2023/24 65 authorized positions in FY 2023/24 Type 1 Fire Engine (Station 5) Water Pumper (Station 1) Public Safety Enterprise Communication PD Detective Office & Community Room expansion CIP Projects Budget Actuals Amphitheater Parking Lot $ 565,000 $ 225,914 Library Bin Sorter $ 200,000 $ 165,245 City Hall Improvement $ 1,612,000 $ 1,369,540 Racho Acacia Park Tot Lot $ 156,285 $ 101,894 Sycamore Park Tot Lot $ 162,325 $ 162,325 City Hall Annex $ 467,123 $ 45,273 $ 3,163,273 $ 2,070,191 M T F CIP P
V C B O B O G . 1 T S , M , CA 92562 P : 951-304-2489 . M .
