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Oxnard committee recommends $64,155 appropriation, addendum for sales-tax audit contract
Summary
The committee voted 3-0 to send to council an addendum to agreement No. 7748-17-FN and a $64,155 general fund appropriation to cover audit fees tied to prior work by a sales-tax audit consultant; staff said the payment covers recoveries that flowed in after the firm's contract expired.
The Oxnard Finance and Governance Committee on Feb. 25 voted 3-0 to recommend that the City Council approve an addendum to agreement No. 7748-17-FN and a budget appropriation of $64,155 from General Fund 101 to pay sales tax audit services.
Finance staff told the committee the payment covers consultant work that began before the consultant's contract expired and resulted in sales-tax reallocations and recoveries that were finalized after the contract ended. Under the original contract terms (Exhibit B), consultants are entitled to a fee on recovered revenues from back-quarter reallocations and monies received in the first eight…
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