DATE: April 23, 2024
TO: Board of Supervisors
SUBMITTED BY: Oscar J. Garcia, CPA, Auditor-Controller/Treasurer-Tax Collector
SUBJECT: Distribution of State Highway Rental Property Revenue
RECOMMENDED ACTION(S):
TITLE
Authorize the Auditor-Controller/Treasurer-Tax Collector to distribute $10,772.40 in State Highway Rental Property revenues received for Fiscal Year 2022-23 in accordance with Streets and Highways Code section 104.10.
REPORT
The Auditor-Controller/Treasurer-Tax Collector is obligated to distribute State Highway Rental Property revenues received in amounts approved by the Board of Supervisors. There is no Net County Cost associated with the recommended action. This item is countywide.
ALTERNATIVE ACTION(S):
Streets and Highways Code section 104.10 requires the Board to approve the distribution of State Highway Rental Property revenues, subject to the requirements of that section. If your Board does not approve a distribution, the revenues received will not be disbursed. Staff would then seek direction from your Board regarding the distribution and would return to your Board to recommend a different distribution.
FISCAL IMPACT:
There is no Net County Cost associated with this item. A portion of the revenue will be distributed to the Road Fund (0010) in the Public Works Department (Org. 4510).
DISCUSSION:
The State Department of Transportation acquires real property for future State highway purposes and then leases it to other parties. The State pays the rents computed pursuant to State and Highways Code section 104.6 to the county in which such properties is situated. Then the Auditor-Controller/Treasurer-Tax Collector is obligated to distribute that revenue in the amounts determined by the Board, subject to the requirements of Streets and Highways Code section 104.10, to cities within the County, and to the County.
The total amount of rental income received and available for distribution is $10,772.40. That amount represents revenue recei...
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