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Finance and Management Services <br />www.santa-ana.org/finance <br />Item # 10 <br />City of Santa Ana <br />20 Civic Center Plaza, Santa Ana, CA 92701 <br />Staff Report <br />June 6, 2023 <br />TOPIC: Recognition of Revenue for Certain Unclaimed Monies from Various City Funds <br />AGENDA TITLE <br />Approve the Recognition of $84,582.90 of Revenue for Certain Unclaimed Monies from <br />Various City Funds (General Fund) <br />RECOMMENDED ACTION <br />Approve the recognition of $84,582.90 of revenue in the General Fund for certain <br />unclaimed deposits, as allowed by state law. <br />DISCUSSION <br />Annually, the Finance and Management Services Agency (FMSA) reviews a listing of <br />unclaimed monies that are older than three years. The nature of these monies includes <br />unclaimed monies related to deposits, commissary account, and other payments made <br />by the City. State law allows the City to publish a notification of the unclaimed monies, <br />offering the public an opportunity to claim them. In the absence of any claims, the City <br />can recognize them as revenue. State law also allows the City to transfer unclaimed <br />monies, held for a period of one year, without publication for individual items $15 or less <br />or any amount if the depositor's name is unknown. FMSA has identified $84,582.90 of <br />unclaimed monies that can be recorded as revenue in the General Fund for the fiscal <br />year ended June 30, 2023. The breakout of the unclaimed monies is as follows: <br />Funds Greater Than $15 Amount <br />Deposits held $44,171.06 <br />Uncashed checks $39,690.10 <br />Total $83,861.16 <br />Funds Less Than $15 Amount <br />Uncashed checks $721.74 <br />Grand Total $84,582.90 <br />Due Diligence Efforts <br />Various departments made efforts to contact payees and depositors before the list was <br />compiled for noticing purposes. To ensure the public was aware of the existence of <br />City Council 10 — 1 6/6/2023 <br />