| | | | | | | |  | CITY OF PLANO
COUNCIL AGENDA ITEM |
|
| | | | | | | | Council Meeting Date: 10/25/2016
Department: Budget
Department Head: Karen Rhodes-Whitley
Agenda Coordinator: Raini M. Layne x5154 |
| | | | | | | |
CAPTION
To ratify an expenditure in the amount of $182,311 to MuniServices, LLC and authorizing the City Manager to execute all necessary documents. APPROVED |
| | | | | | | |
FINANCIAL SUMMARY Operating Expense
|
| FISCAL YEAR: 2016-17 |
Prior Year
(CIP Only) |
Current
Year
|
Future
Years
|
TOTALS |
| Budget |
0 |
0 |
0 |
0 |
| Encumbered/Expended Amount |
0 |
0 |
0 |
0 |
| This Item |
0 |
182,311 |
0 |
182,311 |
| Balance |
0 |
182,311 |
0 |
182,311 |
FUND(S): GENERAL FUND
|
|
| | | | | | | |
COMMENTS: This item approves payment of $182,311 to MuniServices, LLC for recovering misallocated sales tax reimbursement owed to the City of Plano totaling $607,702. Per contract terms, MuniServices, LLC receives 30% of recovered sales tax collections. |
| | | | | | | |
SUMMARY OF ITEM
See Recommendation Memo
Strategic Plan Goal:
Financially Strong City with Service Excellence
Plano Tomorrow Plan Pillar:
|
|
|