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8I Consent 2021 0719
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8I Consent 2021 0719
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7/15/2021 4:33:34 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agenda
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7/19/2021
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Reso 2021-117 Muniservices for Examination of Sales or Transactions and Use Tax Records
(Approved by)
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City's coordinator and define logical checkpoints <br />for reviewing the project's progress.' <br />o Represent the City for the purpose of examining <br />records pertaining to sales/use tax,in order to <br />identify and confirm errors/omissions that are <br />resulting in deficient payment to the City. <br />o For each error/omission identified and confirmed, <br />prepare documentation to substantiate and <br />facilitate recovery of revenue due from prior <br />periods (plus applicable interest and penalties) <br />and prevent recurring deficiencies in current and <br />future years. <br />o Prepare and forward to the appropriate parties <br />"date of knowledge"requests for corrective action <br />and revenue recovery. <br />o Meet with designated city official(s)as necessary <br />to review and discuss our findings and <br />recommendations. <br />o Provide additional assistance as necessary to <br />support the City in recovering and preventing tax <br />deficiencies. <br />C.TIMING CONSIDERATIONS <br />As previously indicated,there are time limitations on <br />the City's ability to recover revenue it has been <br />deprived of. <br />The shortest time limitation is imposed by the SBE, <br />which will allow the City to recover misallocated <br />sales/use tax for up to three quarters prior to the SBE <br />being notified of the reporting error for a given <br />account.Consequently,if a misallocating account has <br />had its point-of-sale located in the City for more than <br />776
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