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Agreements with MuniServices For Sales And <br />Compliance, Auditing And Consulting Services <br />October 4, 2016 <br />Page 5 <br />STRATEGIC PLAN ALIGNMENT <br />Use Tax & Utility Users' Tax <br />Approval of this item allows the City to meet Goal #4 - <br />(provide a reliable five -year financial forecast that ensure s <br />the strategic plan), Strategy A (adopt a budget that is in <br />forecast and strategic plan). <br />FISCAL IMPACT <br />Sales and Use Tax <br />City Financial Stability, Objective #2 <br />financial stability in accordance with <br />alignment with the five -year financial <br />The fees for the services that MuniServices will render are available in the General Fund Sales <br />Tax account (01102002- 50020).The fees will not exceed $10,000 annually for the STARS <br />application, plus 15% of recovered revenues. As a note, the new auditing fees were reduced from <br />20% of recovered revenues to 15% of recovered revenues and the STARS application cost was <br />reduced from $12,000 to $10,000. Payments made to MuniServices will be recognized when the <br />fees related to MuniServices auditing and reporting activities are incurred. <br />Utility Users' Tax <br />The fees for the services that MuniServices will render are available in the General Fund UUT <br />accounts (01102002 -50031 through 01102002 - 50035). The fees will not exceed 0.6% of the total <br />UUT taxes received for the most recent fiscal year by the City (excluding UUT revenues derived <br />from sewer, water and trash) or a minimum fee of $15,000. For the first year of the agreement, <br />the City will provide the actual UUT payments received for fiscal year ending June 30. This will <br />be the basis for the first year UUT Program fees. In subsequent years, MuniServices will <br />calculate the fee based on the actual remittance notices received for the most recent fiscal year. <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Francisco Gutierrez <br />Executive Director <br />Finance and Management Services Agency <br />EXHIBITS: 1. Sales & Use Tax Agreement <br />2. Sales & Use Tax Resolution <br />U114AUTIM <br />3. Utility Users' Tax Agreement <br />4. Utility Users' Tax Resolution <br />55B -5 <br />