County of Monterey - File #: A 19-360

• File #: A 19-360
• Name: Approve & Authorize Treasurer-Tax Collector to sign and execute MOU with CSAC-FC
• Type: BoS Agreement
• Status: Passed - Treasurer Tax Collector
• File created: 9/25/2019
• In control: Board of Supervisors
• On agenda: 10/15/2019
• Final action: 10/15/2019
• Title: a. Approve and authorize the Treasurer-Tax Collector, on behalf of Monterey County, to sign and execute a Memorandum of Understanding (MOU) and all necessary related documents with California State Association of Counties Finance Corporation (CSAC-FC) Tax Refund Exchange and Compliance System (CalTRECS), a Local Government Debt Offset Program operated with the State Franchise Tax Board (FTB), to compile local government debts for processing through an automated centralized clearinghouse for potential offset against delinquent unsecured property taxes. b. Approve non-standard terms and conditions as recommended by the Treasurer-Tax Collector.

Date	Action By	Action	Result
10/15/2019	Board of Supervisors	approved - treasure tax collector	Pass

Title
a. Approve and authorize the Treasurer-Tax Collector, on behalf of Monterey County, to sign and execute a Memorandum of Understanding (MOU) and all necessary related documents with California State Association of Counties Finance Corporation (CSAC-FC) Tax Refund Exchange and Compliance System (CalTRECS), a Local Government Debt Offset Program operated with the State Franchise Tax Board (FTB), to compile local government debts for processing through an automated centralized clearinghouse for potential offset against delinquent unsecured property taxes.
b. Approve non-standard terms and conditions as recommended by the Treasurer-Tax Collector.

Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Approve and authorize the Treasurer-Tax Collector, on behalf of Monterey County, to sign and execute a Memorandum of Understanding (MOU) and all necessary related documents with California State Association of Counties Finance Corporation (CSAC-FC) Tax Refund Exchange and Compliance System (CalTRECS), a Local Government Debt Offset Program operated with the State Franchise Tax Board (FTB), to compile local government debts for processing through an automated centralized clearinghouse for potential offset against delinquent unsecured property taxes.
b. Approve non-standard terms and conditions as recommended by the Treasurer-Tax Collector.

SUMMARY/ DISCUSSION:
The California State Association of Counties Finance Corporation (CSAC-FC) Tax Refund Exchange and Compliance System (CalTRECS) debt offset clearinghouse program allows counties to easily and efficiently collect delinquent debt through the withholding of a debtor's personal income tax refunds, lottery proceeds or unclaimed property. California Government Code ?12419.2-?12419.12 authorizes the California State Controller (SCO), in conjunction with the California Franchise Tax Board (FTB), to establish the state's offset program, and authorizes counties to participate. CalTRECS builds upo...