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Tax Revenue Auditing, Analysis, Forecasting, and Reporting Services <br /> July 16, 2024 <br /> Page 2 <br /> welcome to submit bids for all or only some of the options listed. The eight options were <br /> as follows: <br /> • Option A: Sales & Use Tax (Bradley-Burns Allocation) and Transactions & Use <br /> Tax (Santa Ana Measure X) <br /> • Option B: Property Tax, Property Tax In-Lieu of Vehicle License Fees, Residual <br /> Allocations from the Redevelopment Property Tax Transfer Fund, and <br /> Documentary Stamp Tax: $88.39M, 22.05% of GF Total Revenue <br /> • Option C: Non-Regulatory Business License Tax <br /> • Option D: Business License Tax for Cannabis Business <br /> • Option E: Hotel Visitors Tax <br /> • Option F: Utility Users Tax for Electric, Gas & Telecommunications Services <br /> • Option G: Statistical Report Package for the Annual Comprehensive Financial <br /> Report <br /> Three proposals were received and were subsequently reviewed by a four-member <br /> committee composed of staff from the Finance and Management Services Agency and <br /> the Community Development Agency. <br /> Each of the responding consultants were interviewed and evaluated based on the <br /> following criteria: <br /> • Qualifications <br /> • Experience <br /> • Proposed work plan for the requested scope of services <br /> • Client references <br /> • Cost of providing services <br /> The proposals were ranked accordingly as follows: <br /> Rank Firm Options bid <br /> 1 HdL Coren & Cone B, G <br /> 2 Hinderliter, de Llamas and Associates A, C, D, E, F <br /> 3 MuniServices LLC A, C, D, E, F, G <br /> The proposals submitted by Hinderliter, de Llamas and Associates ("HdL") and HdL <br /> Coren & Cone ("HdLCC") for the options bid upon were found to be the most responsive <br /> to the City's needs, offer the best value, and are appropriate for the services requested. <br /> HdL and HdLCC both possess strong qualifications, experience, and client references <br /> as well as appropriate proposed work plans that will provide for a flexible and cost- <br /> effective auditing program. Both consultants also possess extensive experience in <br /> implementing identical services for comparable and neighboring cities, including the <br /> Cities of Long Beach, Corona, Costa Mesa, Irvine, Newport Beach, Ontario, Riverside, <br /> and Torrance. <br /> City Council 23 — 2 7/16/2024 <br />