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CC - CONSENT ITEM: Approval of an Agreement with MuniServices, LLC for Utility Users' Tax Auditing and Consulting Services for a Three-Year Period with Two One-Year Extension Options, in an Amount Not-to-Exceed $75,000 Per Fiscal Year
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Contact Person/Dept.: Erica Melton/Finance Department
Phone Number: (310) 253-5865
Fiscal Impact: Yes [X] No [] General Fund: Yes [X] No []
Attachments: Yes [] No [X]
Public Notification: (E-Mail) Meetings and Agendas - City Council (03/23/2022)
Department Approval: Lisa Soghor, Chief Financial Officer (03/21/2022)
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RECOMMENDATION
Staff recommends the City Council approve an agreement with MuniServices, LLC for Utility Users Tax (UUT) auditing and consulting services for a three-year period, with two one-year extension options, in an amount not-to-exceed $75,000 annually.
BACKGROUND/DISCUSSION
As authorized by Culver City Municipal Code (CCMC) Subchapter 3.08.200, an 11.0% UUT is levied on electricity, water, gas, cable TV, and both wired and cellular/mobile telephone service. Utility taxes are collectively the third largest revenue source for the General Fund. The City relies on specialized expertise to provide consulting services in the compliance, administration, and reporting of utility user taxes (UUT). Forecasts developed by the City's consultants regarding seasonal and annual fluctuations on impacts to utility consumption, industry changes, etc. become significant to the City's overall financial planning.
MuniServices, LLC has been contracted with the City since 2016 and provides a variety of software and reporting platforms used to identify and address patterns of noncompliance, providing auditing services across a broad spectrum of taxes and fees and estimates and outlook over the various industries for fiscal forecast developments. The firm has extensive experience and specialization in UUT revenue, aud...
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