Alameda Municipal Code § 18-34 Fiscal Accountability

The City shall retain an independent auditor to conduct an annual audit of the Water Quality and Flood Protection Fee and the Clean Water and Flood Protection Fund as part of its comprehensive annual financial report. The auditor shall include an accounting of the revenue received from the fee and expenditures thereof in the audited financial statements. The auditor's report shall be presented to the City Council and made available to the public. The Finance Director or the Public Works Director shall prepare and present to the City Council an annual report in conjunction with the annual audit that reviews the status and performance of the programs, services and projects funded wholly or partially with proceeds of the Water Quality and Flood Protection Fee.

(Ord. No. 3258 N.S., § 1, 12-17-19)

a. All revenues collected pursuant to the provisions of this chapter shall be placed into a special fund, which is known as the "Clean Water and Flood Protection Fund." Such revenues may be used for the purposes specified in Section 18-31.1, and for no other purpose; provided, however, that moneys deposited in the fund may be used for direct and administrative costs of the City in providing storm drainage services.

b. As used in this section, "direct costs" means wages and salaries and costs of employee fringe benefits incurred by the City, and mileage reimbursement attributable to said collection activities. As used in this section, "administrative costs" includes, but is not limited to all costs for human resources, finance and payroll, legal, information technology, and public information services.

c. Notwithstanding subsections 18-34.2.a and 18-34.2.b, interest on revenues in the Clean Water and Flood Protection Fund may be credited to the general fund of the City or to any other fund in the discretion of the City Council.

(Ord. No. 3258 N.S., § 1, 12-17-19)