TO:
Honorable Mayor and Members of the City Council
THROUGH:
Talyn Mirzakhanian, City Manager
FROM:
Onyx Jones, Interim Finance Director
Libby Bretthauer, Financial Services Manager
Emy-Rose Hanna, Revenue Services Supervisor
SUBJECT:Title
Consideration of a Resolution Approving the Preparatory and Administrative Agreements with the California Department of Tax and Fee Administration (CDTFA) for Implementation of the City's Local Transactions and Use Tax; Consideration of a Resolution Authorizing the Examination of Confidential Records; and Appropriation of Unbudgeted Funds from the Unreserved General Fund Balance (Interim Finance Director Jones).
A) ADOPT RESOLUTION NOS. 24-0141 AND 24-0142
B) APPROPRIATE FUNDS
Body
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Recommended Action
RECOMMENDATION:
Staff recommends that the City Council take the following actions:
a) Adopt Resolution No. 24-0141, approving the Preparatory and Administrative Agreements with the California Department of Tax and Fee Administration (CDTFA) for Implementation of the City's Local Transactions and Use Tax; and
b) Adopt Resolution No. 24-0142, Authorizing the Examination of Confidential Records; and
c) Appropriate $175,000 from the unreserved General Fund balance.
FISCAL IMPLICATIONS:
The City of Manhattan Beach is required to enter into Preparatory and Administrative Agreements with the California Department of Tax and Fee Administration (CDTFA) for implementation of the City's new Transactions and Use Tax (i.e. sales tax) measure approved by Manhattan Beach voters on November 5, 2024.
The Preparatory Agreement will incur a one-time cost up to $175,000 this fiscal year for CDTFA's staff time, operating expenses, data processing time, printing and postage costs associated with taxpayer notification. An additional appropriation of $175,000 from the unreserved General Fund balance is required; however, the actual cost may be lower as CDTFA's total preparatory costs will...
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