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8.D <br />('I'FYor' PI' EScoTT <br />l_L'ciul$1;/,;/I!"$Iat' ",t <br />MEETING DATE/TYPE: <br />DEPARTMENT: Finance <br />COUNCIL AGENDA MEMO <br />VOTING MEETING 8-14-18 <br />AGENDA ITEM: Approval of Payment in the Amount of $102,505.67 to the Arizona <br />Department of Revenue for Administration and Collections Services. <br />FUNDING SOURCE: General Fund <br />Approved By: Michael Lamar, City Manager <br />Item Summary <br />This item is for the payment of $102,505.67 assessed by the Department of Revenue <br />(DOR) to the City of Prescott for Fiscal Year 2019 pursuant to ARS 42-5041 for <br />providing administrative and tax collection services to local governments. <br />Background <br />During the 2013 state legislative session, HB 2111 was passed with the intent of <br />simplifying privilege tax administration and requiring the centralization of tax <br />administration with DOR. HB 2617 was subsequently passed during the 2015 <br />legislative session, enabling DOR to impose fees on cities to pay a portion of their <br />operating cost of providing the mandated centralized administration and collection <br />services to local governments. <br />The Fiscal Year 2019 charge is $102,505.67 which is $16,364.44 higher than Fiscal <br />Year 2018. <br />Financial Impact <br />The $102,505.67 is included in the Fiscal Year 2019 General Fund budget. <br />Recommended Action: MOVE to approve the payment of $102,505.67 to Arizona <br />Department of Revenue. <br />Packet Pg. 65 <br />