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Item 23 - Adopt a Resolution and Approve Agreement for Tax Revenue Auditing, Analysis, Forecasting, and Reporting Service
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Item 23 - Adopt a Resolution and Approve Agreement for Tax Revenue Auditing, Analysis, Forecasting, and Reporting Service
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7/10/2024 5:22:02 PM
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City Clerk
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Agenda Packet
Agency
Finance & Management Services
Item #
23
Date
7/16/2024
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(9) <br />CITY OF SANTA ANA <br />EXHIBIT I <br />SCOPE OF SERVICES <br />The Consultant shall perform the following services as outlined below. <br />A. Option A: Sales & Use Tax (Bradley -Burns) and Transactions & Use Tax (Santa Ana Measure <br />X) <br />1. Identify and advise City of legislation potentially impacting City revenue, including pending <br />legislation. Consultant may be required to coordinate with the City's contracted federal and state <br />legislative advocacy consultants. <br />2. Perform economic analysis and prepare detailed quarterly reports with trend information by sector <br />and geographical area, top 100 tax payers, comparative data, three versions of City revenue <br />estimates (pessimistic, most -likely, and optimistic), and detailed assumptions. Schedule a <br />quarterly meeting with City staff to present the reports. <br />3. Obtain detailed quarterly data from the California Department of Tax and Fee Administration <br />(CDTFA), then review and analyze for accuracy. <br />4. Identify and correct reporting errors and omissions made by businesses in order to maximize the <br />City's revenue. <br />5. Perform physical canvassing and evaluation of businesses generating tax for the City of Santa <br />Ana. <br />6. Perform permit audits of wholesalers, contractors, manufacturers, and other non -retail <br />businesses. <br />7. Validate negative finding notifications from the CDTFA. <br />8. Review City purchases to capture the local allocation on purchases subject to use tax. <br />9. Coordinate with the CDTFA to make necessary corrections including retroactive adjustments as <br />applicable. <br />10. As needed, represent the City before state offices and bodies to correct tax distribution errors. <br />11. Provide designated City staff with user-friendly access to a detailed online database, including <br />inquiry by business and geographical location, search and data -download capabilities, and <br />reports. <br />12. When appropriate, assist with strategies and make recommendations to preserve and enhance <br />the City's sales/transactions/use tax base. <br />B. Option B: Property Tax (Secured and Unsecured), Property Tax In -Lieu of Vehicle License <br />Fees (VLF), Residual Allocations from the Redevelopment Property Tax Transfer Fund <br />(PRTTF), and Documentary Stamp Tax (Property Transfer Tax) <br />1. Identify and advise City of legislation potentially impacting City revenue, including pending <br />legislation. Consultant may be required to coordinate with the City's contracted federal and state <br />legislative advocacy consultants. <br />2. Prepare revenue estimates by March 15 of each year to be used during the budget process for <br />each upcoming fiscal year beginning on July 1. Include assumptions. <br />3. Update revenue estimates after the County of Orange (County) finalizes assessed values for each <br />fiscal year. <br />4. Reconcile the County's assessed valuation reports to assessment rolls and identify discrepancies. <br />5. Review assessed valuation data to identify inconsistencies and investigate. <br />6. Prepare a detailed annual report including assessed value summaries and reconciliation, detailed <br />information for significant changes to assessed value, top taxpayers, property -tax -dollar <br />City of Santa Ana RFP No. 24-010 Page 18 of 38 <br />
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