City of Grand Prairie - File #: 20-10740

• File #: 20-10740
• Version: 1
• Name: Approve Sales Tax Audit Contract
• Type: Agenda Item
• Status: Passed
• File created: 1/8/2021
• In control: Management Services
• On agenda: 1/19/2021
• Final action: 1/19/2021
• Title: Authorize contingency transfer of $102,911 for Sales Tax Auditing Services Contract with TexasCityServices for a fee of 24% of realized recoveries; authorize any future contingency transfers as needed to fund the contract, up to $150,000 annually

Date	Ver.	Action By	Action	Result
1/19/2021	1	City Council

From

Cathy Patrick

Title

Authorize contingency transfer of $102,911 for Sales Tax Auditing Services Contract with TexasCityServices for a fee of 24% of realized recoveries; authorize any future contingency transfers as needed to fund the contract, up to $150,000 annually

Presenter

Cathy Patrick

Recommended Action

Approve

Analysis

The City of Grand Prairie entered into a professional services contract with TexasCityServices to conduct sales tax audits and ensure entities are properly remitting sales tax to the City.  The auditor is to be compensated on a contingency basis for 24% of sales tax deposits received by the City as a result of services provided. 

Per policy, City Council must approve any contingency transfers over $50,000.

Financial Consideration

 Funding for the Sales Tax Auditing Services from TexasCityServices is available in the FY 2020/2021 General Fund salary savings or contingency transfer.