Authorization of a Professional Services Contract with Jefferson Wells International for Transient Occupancy Tax Audit Services. City of Culver City California City Council Agenda Item Report Meeting Date: 07/24/06 AGENDA ITEM: Authorization of a Professional Services Contract with Jefferson Wells International for Transient Occupancy Tax Audit Services. Item Number: A 6 Contact Person/Dept.: Nagam Rao/City Treasurer's Office Phone Number: (310) 253 5889 Fiscal Impact: Yes Public Hearing: Public Notification: Notification given to all firms submitting audit proposals; Master Notification List (07/19/06) General Fund: Yes X No Attachments: X X No Action Item: X Department Approval: Crystal Alexander (07/17/06) City Controller Approval: Marlee Chang (07/19/06) RECOMMENDATION: City Manager Approval: Martin R. Cole for Jerry B. Fulwood (07/19/06) Staff recommends the City Council authorize a professional services contract with Jefferson Wells International for Transient Occupancy Tax Audit Services. BACKGROUND: The last transient occupancy tax audit was completed in April 2003 by the firm Jefferson Wells International. Their audit included all hotels in Culver City. In its findings Jefferson Wells International noted that it appeared that most of the hotels had improved their record keeping procedures and were doing a better job at substantiating their TOT remittances. As it has been three years it was appropriate and timely to request proposals from several firms to complete TOT audits for all hotels and motels in the City for the years 2003 2004 2005 and 2006. However audit work for 2006 cannot commence until the final TOT monthly remittance for 2006 is received at the end of January 2007. DISCUSSION: Ten (10) firms were contacted including an accounting firm in Culver City and accounting firms recommended by members of the California Society of Municipal Finance Officers. The following were the responses: City of Culver City California City Council Agenda Item Report...
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