HdL COREN & CONE ("HdLCC")-2016 - Laserfiche WebLink

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not benefit at all from audit corrections since any additional residual payments would serve to reduce their State ADA payments. 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. c. ANALYSIS AND IDENTIFICATION OF MISALLO ATIONS HdLCC has been auditing and monitoring property taxes for cities for 23 years. During that time we have recovered more than $80 million of net property tax revenue for our client agencies. Our ability to provide this service relies on information provided by county assessors, auditor -controllers and tax collectors. We have limited success auditing some counties, including Orange County, due to insufficient access to necessary data. We have described below the limitations we face in complying with the requirements of this request for proposal. Secured Audits Upon approval of the contract, HdLCC will perform an analysis of the Secured roll to identify all parcels on the secured tax roll and verify that parcel assessed valuations and the resulting taxes are correctly allocated to the City or Successor Agency. This analysis is accomplished through the use of specialized computer software, assessor maps, city maps, GIS maps, city records, other pertinent documents, and field investigations. The review will include the lien date secured data for the 2016-17 tax Page 1 14