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Given these circumstances most cities and successor agencies do not opt for property tax audits of former redevelopment project areas. For cities there are opportunities to capture property tax revenue incorrectly going to jurisdictions outside the city as well as former redevelopment project areas, Under these circumstances our audit services are provided on a contingency basis as described below. For successor agencies the audits will be performed as Additional Services with the timing and manner of payment to be determined upon authorization to proceed. g. REVIEW OF COMPLETED NEW CONSTRUCTION Upon the City providing completed new construction notices for taxable events over a value threshold agreed to by the City and HdLCC, the permits will be aligned with the appropriate parcels to track new construction activity after the release of subsequent tax rolls. New construction that results in the issuance of supplemental tax bills for additional taxes being due are all pooled countywide and the City of Santa Ana receives its proportionate share of the revenues collected from all cities based on this percentage for General Fund revenue allocation. The following year when the parcel is enrolled with the additional value, the revenues flow to the City where the parcel resides. The reported information may be used to prepare Prop 4 and III State Appropriations Limit calculations. The City may also choose to use HdLCC's "Non -Residential New Construction Report" for this purpose. 4 ANALYSIS AND IDENTIFICATION OF MISALLOCATION ERRORS See pages 14-16 B. RELATED SERVICES ANALYSIS AND IDENTIFICATION OF MISALLOCATIONS S. CAFR STATISTICAL REPORTING PACKAGE The HdLCC CAFR Package containing the following reports will be supplied to the City annually prior to the end of September: • Use Category Summary for the fiscal year of the CAFR Page 123