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Agenda Item No. 4(C) Date: April 3, 2014 To: El Cerrito City Council From: Citizen Street Oversight Committee Subject: Annual Report to City Council and Citizens of El Cerrito On this date, the Citizen Street Oversight Committee met to review expenditures of revenue collected pursuant to Chapter 4.60 of the El Cerrito Municipal Code to determine whether such funds were expended for the purposes specified in the current Street Repair and Maintenance Expenditure Plan. The expenditures reviewed were reported for Fiscal Year 2012-13, and were summarized in the City’s Comprehensive Annual Financial Report. Further, the Committee reviewed the Agreed Upon Procedures Report issued by the City’s independent auditors, Maze and Associates, which stated that nothing came to their attention that caused them to believe that the City had failed to comply with the terms, covenants and conditions of the Master Installment Sale Agreement related to the bond issue. The Committee also reviewed a detailed list of vendors to whom the expenditures were made. By a vote of three to two as indicated below, the Committee found that the expenditures were an appropriate use of the Pothole and Local Street Improvement and Maintenance Transactions and Use Tax. The Committee is hereby reporting their findings to the City Council and the citizens of the City of El Cerrito pursuant to Section 2.04.320 C of the El Cerrito Municipal Code. AYES: Committee Members Al Miller, Elizabeth Ozselcuk and Matthew Kelly NOES: Chair Thomas N. Miller and Vice-Chair Lynne Kessler ABSENT: None