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Given these circumstances most cities and successor agencies do not opt for property <br />tax audits of former redevelopment project areas. For cities there are opportunities to <br />capture property tax revenue incorrectly going to jurisdictions outside the city as well as <br />former redevelopment project areas. Under these circumstances our audit services are <br />provided on a contingency basis as described below. For successor agencies the audits <br />will be performed as Additional Services with the timing and manner of payment to be <br />determined upon authorization to proceed. <br />g. REVIEW OF COMPLETED NEW CONSTRUCTION <br />Upon the City providing completed new construction notices for taxable events over a <br />value threshold agreed to by the City and HdLCC, the permits will be aligned with the <br />appropriate parcels to track new construction activity after the release of subsequent tax <br />rolls. New construction that results in the issuance of supplemental tax bills for additional <br />taxes being due are all pooled countywide and the City of Santa Ana receives its <br />proportionate share of the revenues collected from all cities based on this percentage for <br />General Fund revenue allocation. The following year when the parcel is enrolled with the <br />additional value, the revenues flow to the City where the parcel resides. The reported <br />information may be used to prepare Prop 4 and 111 State Appropriations Limit <br />calculations. The City may also choose to use HdLCC's "Non -Residential New Construction <br />Report" for this purpose. <br />4 ANALYSIS AND IDENTIFICATION OF MISALLOCATION ERRORS <br />See pages 14-16 B. RELATED SERVICES <br />ANALYSIS AND IDENTIFICATION OF MISALLOCATIONS <br />5. CAFR STATISTICAL REPORTING PACKAGE <br />The HdLCC CAFR Package containing the following reports will be supplied to the City <br />annually prior to the end of September: <br />• Use Category Summary for the fiscal year of the CAFR <br />Page 123 <br />