Title
a. Support authorizing and directing the Auditor-Controller to amend the FY 2019-20 Adopted Budget by increasing appropriation by $117,881 in Annual Audits (001-AUD002), financed by a decrease in appropriations of $117,881 in Auditor-Controller (001-AUD001) to fund Hinderliter de Llamas & Associates 15% fee for assisting in Sales Tax revenue recovery for Monterey County; and
b. Support approving Amendment No. 1 to the Hinderliter de Llamas & Associates agreement increasing by $117,881 for a not to exceed amount to $192,881 for July 1, 2019 to June 30, 2020.
Report
RECOMMENDATION:
It is recommended that the Budget Committee:
a. Support authorizing and directing the Auditor-Controller to amend the FY 2019-20 Adopted Budget by increasing appropriation by $117,881 in Annual Audits (001-AUD002), financed by a decrease in appropriations of $117,881 in Auditor-Controller (001-AUD001) to fund Hinderliter de Llamas & Associates 15% fee for assisting in Sales Tax revenue recovery for Monterey County; and
b. Support approving Amendment No. 1 to the Hinderliter de Llamas & Associates agreement increasing by $117,881 for a not to exceed amount to $192,881 for July 1, 2019 to June 30, 2020.
SUMMARY:
The County Auditor-Controller's Office (ACO) provides oversight and coordination related to sales, use and transaction tax analysis and audits to ensure the County of Monterey receives its proper share of these revenues. For many years the ACO has contracted with Hinderliter de Llamas & Associates (HdL) for these services. HdL also provides ongoing data and analyses to support County Administrative Office - Budget and Analysis Division which participates in sales tax update, analysis, and trends meetings with the HdL staff on a quarterly basis.
The cost for HdL services is a set $6,600 per year plus 15% of all new and recovered sales, use and transaction tax revenue received by the County for eight (8) quarters.
DISCUSSION
State taxing agencies are responsible eac...
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