Metro - File #: 2016-0935

• File #: 2016-0935
• Type: Motion / Motion Response
• Status: Consent Calendar
• File created: 11/21/2016
• In control: Board of Directors - Regular Board Meeting
• On agenda: 1/26/2017
• Final action: 1/26/2017
• Title: CONSIDER: A. ADOPTING the Resolution authorizing LACMTA Officials to execute and sign an agreement with the State Board of Equalization for implementation of Measure M, Attachment A; B. APPROVING agreement to set-up systems to administer and operate Measure M, Attachment B, at a one-time cost up to $175,000; the funds are included in the FY17 budget; C. APPROVING agreement to provide on-going administration and operation of Measure M, Attachment C; D. ADOPTING the Resolution authorizing examination of Measure M sales tax records by Metro and audit consultant staff, Attachment D; and E. AUTHORIZING the CEO or his designee to take all actions necessary to achieve the foregoing. The attachments are in substantially final form.
• Sponsors: Board of Directors - Regular Board Meeting
• Indexes: Agreements, Audit, Budgeting, Measure M, Measure R, Motion / Motion Response, Resolution

Date	Action By	Action	Result
1/26/2017	Board of Directors - Regular Board Meeting
1/18/2017	Finance, Budget and Audit Committee

Meeting_Body
FINANCE, BUDGET AND AUDIT COMMITTEE
JANUARY 18, 2017

Subject/Action
SUBJECT: ADMINISTRATION OF MEASURE M SALES AND USE TAX

ACTION: APPROVE RESOLUTIONS AND AGREEMENTS WITH THE STATE BOARD OF EQUALIZATION FOR ADMINISTRATION OF MEASURE M SALES AND USE TAX

Heading
RECOMMENDATION
Title
CONSIDER:

A. ADOPTING the Resolution authorizing LACMTA Officials to execute and sign an agreement with the State Board of Equalization for implementation of Measure M, Attachment A;

B. APPROVING agreement to set-up systems to administer and operate Measure M, Attachment B, at a one-time cost up to $175,000; the funds are included in the FY17 budget;

C. APPROVING agreement to provide on-going administration and operation of Measure M, Attachment C;

D. ADOPTING the Resolution authorizing examination of Measure M sales tax records by Metro and audit consultant staff, Attachment D; and

E. AUTHORIZING the CEO or his designee to take all actions necessary to achieve the foregoing.

The attachments are in substantially final form.

Issue
ISSUE

On November 8, 2016, Los Angeles County voters approved Measure M, officially titled Los Angeles County Transportation Improvement Plan. The State Board of Equalization ("SBOE") requires the approval of resolutions and execution of certain agreements in order for them to set up their systems and collect the Measure M sales tax beginning on July 1, 2017.

The preparation agreement, Attachment B, requires that Metro reimburse SBOE one time up to $175,000 for its costs of developing procedures, programming for data processing, developing and adopting appropriate regulations, designing and printing forms, developing instructions for SBOE staff and for taxpayers and other appropriate and necessary preparatory costs to administer the Measure M ordinance.

Discussion
DISCUSSION

We are required by the California Revenue & Taxation Code and the Measure M Ordinance to contract with the SBOE to administer and collect the Measure M ...