HomeMy WebLinkAboutItem 09 - Recognition of $53,513 of Revenue for Certain Unclaimed Monies Finance and Management Services
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Item # 9
City of Santa Ana
20 Civic Center Plaza, Santa Ana, CA 92701
Staff Report
June 3, 2025
TOPIC: Recognition of Revenue for Certain Unclaimed Monies from Various City Funds
AGENDA TITLE
Approve the Recognition of $53,513 of Revenue for Certain Unclaimed Monies from
Various City Funds (General Fund)
RECOMMENDED ACTION
Approve the recognition of $53,513 of revenue in the General Fund for certain unclaimed
deposits, as allowed by state law.
GOVERNMENT CODE §84308 APPLIES: No
DISCUSSION
Annually, the Finance and Management Services Agency (FMSA) reviews a listing of
unclaimed monies that are older than three (3) years. The nature of these monies includes
unclaimed monies related to deposits, commissary account, and other payments made
by the City. State law allows the City to publish a notification of the unclaimed monies,
offering the public an opportunity to claim them. In the absence of any claims, the City
can recognize them as revenue. State law also allows the City to transfer unclaimed
monies, held for a period of one (1) year, without publication for individual items less than
$15 or any amount if the depositor’s name is unknown. FMSA has identified $53,512.50
of unclaimed monies that can be recorded as revenue in the General Fund for the fiscal
year ended June 30, 2025. The breakout of the unclaimed monies is as follows:
Funds $15 or Greater Amount
Uncashed checks $53,072.79
Funds Less Than $15 Amount
Uncashed checks $ 439.71
Grand Total $53,512.50
Recognition of Revenue for Certain Unclaimed Monies from Various City Funds
June 3, 2025
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Due Diligence Efforts
Various departments made efforts to contact payees and depositors before the list was
compiled for noticing purposes. To ensure the public was aware of the existence of
unclaimed monies on file with the City, FMSA staff published a Public Notice (Exhibit 1)
in the Orange County Register in April 2025 for two (2) successive weeks in accordance
with the applicable Government Code sections. The City did not receive any inquiries
regarding the unclaimed monies as a result of the publication. Part of the unclaimed
monies included individual items that were less than $15. These monies were not
included in the publication per Government Code section 50055.
If the City Council approves the Recommended Action, unclaimed monies in the amount
of $53,512.50 will be recorded as revenue in the General Fund, in accordance with the
Government Code section 50053.
ENVIRONMENTAL IMPACT
There is no environmental impact associated with this action.
FISCAL IMPACT
Unclaimed monies in the amount of $53,512.50 will be reclassified to the General Fund
(account no. 01102002-57010 – Miscellaneous Recoveries).
EXHIBIT(S)
1. Public Notice
Submitted By: Alex Trinidad, Acting Executive Director of Finance and Management
Services Agency
Approved By: Alvaro Nuñez, City Manager
EXHIBIT 1