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Recognition of Revenue for Certain Unclaimed Monies from Various City Funds <br />June 3, 2025 <br />Page 2 <br />5 <br />0 <br />8 <br />1 <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 />unclaimed monies on file with the City, FMSA staff published a Public Notice (Exhibit 1) <br />in the Orange County Register in April 2025 for two (2) successive weeks in accordance <br />with the applicable Government Code sections. The City did not receive any inquiries <br />regarding the unclaimed monies as a result of the publication. Part of the unclaimed <br />monies included individual items that were less than $15. These monies were not <br />included in the publication per Government Code section 50055. <br />If the City Council approves the Recommended Action, unclaimed monies in the amount <br />of $53,512.50 will be recorded as revenue in the General Fund, in accordance with the <br />Government Code section 50053. <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />Unclaimed monies in the amount of $53,512.50 will be reclassified to the General Fund <br />(account no. 01102002-57010 – Miscellaneous Recoveries). <br />EXHIBIT(S) <br />1. Public Notice <br />Submitted By: Alex Trinidad, Acting Executive Director of Finance and Management <br /> Services Agency <br />Approved By: Alvaro Nuñez, City Manager