City Council Agenda
Memo to:
Manteca City Council
From:
Matthew Boring, Finance Director
Prepared by:
Melissa Munoz, Interim Assistant Finance Director
Date:
January 20, 2026
Subject:
Fiscal Year 2025-26 Local Agency Special Tax and Bond Accountability Act disclosure report also known as the SB 165 for the City's Community Facilities Districts.
Recommendation:
title
Receive and file Fiscal Year 2025-26 Local Agency Special Tax and Bond Accountability Act disclosure report also known as SB 165 for the City's Community Facilities Districts.
body
Background:
Senate Bill 165, filed with the Secretary of State on September 19, 2000, enacted the Local Agency Special Tax and Bond Accountability Act. This Act requires that any local special tax or local bond measure subject to voter approval contain a statement indicating the specific purposes of the special tax, require that the proceeds of the special tax be applied to those purposes, require the creation of an account into which the proceeds shall be deposited, and require an annual report containing specified information concerning the use of the proceeds. The Act only applies to any local special tax measure or local bond measure adopted on or after January 1, 2001, in accordance with Section 50075.1 or Section 53410 of the California Government Code.
Some of the requirements of the Act are handled at the formation of the Special Tax District and others are handled through annual reports. This Section of this report intends to comply with Section 50075.3 or Section 53411 of the California Government Code that states:
"The chief fiscal officer of the issuing local agency shall file a report with its governing body no later than January 1, 2002, and at least once a year thereafter. The annual report shall contain all of the following:
(a) The amount of funds collected and expended.
(b) The status of any project required or authorized to be funded as identified in a subdivision (a) of Section 500...
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