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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 Clerk\City Council\Resolutions\2021
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MRC clients use STARS reports to gain a better <br />understanding of where their sales tax comes from, <br />what trends,good or bad,are occurring to their <br />sales tax base,and to identify those businesses <br />on which the jurisdiction is most dependent for <br />its sales tax revenue. <br />o Receiving and processing sales tax distribution <br />reports quarterly. <br />o Reorganizing and refining the computerized sales <br />tax data for the City utilizing MRC's STARS. <br />o Analyzing the City's major sales tax producers. <br />All major producers and business categories are <br />monitored and analyzed quarterly based on reports <br />to include the following: <br />Management Summary,Sales Tax Digest,Charts. <br />MRC's STARS reports include a confidential <br />Management Summary,a non-confidential Sales <br />Tax Digest,and twelve color charts that <br />portray graphically the City's sales tax <br />performance and composition. <br />Analysis section.The Analysis section of <br />MRC's STARS reports compares the sales tax <br />performance for the latest complete <br />quarter/report benchmark year to previous <br />quarters and years.This section,which is <br />an exclusive MRC report,was instituted to <br />replace cumbersome manual comparisons between <br />quarters and years. <br />The Analysis section includes the following: <br />(1)historical performance of the top 100 <br />778
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