Title
Consideration of and action on an ordinance to amend the Fiscal Year 2022-2023 Budget for the Crime Control and Prevention District for Sales and Use Tax Compliance Services.
Body
Summary:
In June 2022, the City of Deer Park engaged Avenu Insights to perform Sales and Use Tax Compliance Services. The scope of the engagement includes monthly auditing of the City and Special District’s sales tax data to detect and correct sales and use tax errors, ensuring revenue is being properly reported and allocated. Avenu Insights receives 30% of the revenue they recover for a 24-month period.
The Fiscal Year 2022-2023 Budget for the Crime Control and Prevention District (CCPD) included an appropriation of $30,000.00 for the 30% collection fee. The collection fees for the fiscal year totaled $31,904.07, slightly higher than budgeted. A budget amendment in the amount of $2,000.00 is necessary to fund the overage. The additional appropriation would be funded by the unassigned fund balance of the CCPD.
Fiscal/Budgetary Impact:
Add $2,000.00 to the Fiscal Year 2022-2023 budget for the CCPD (Account No. 820-900-42400, Consultant Fees), to be funded by the unassigned fund balance of the CCPD, which is available for this purpose.
Recommended action
Approve the ordinance to amend the Fiscal Year 2022-2023 Budget for the CCPD.