HomeMy WebLinkAbout20B - AA - REAL ESTATE FRAUD FUNDINGREQUEST FOR
COUNCIL ACTION
CITY COUNCIL MEETING DATE:
SEPTEMBER 16, 2013
TITLE:
APPROPRIATION ADJUSTMENT
ACCEPTING REAL ESTATE FRAUD
TRUST FUNDING
A
C 16Y ANAGER
RECOMMENDED ACTION
CLERK OF COUNCIL USE ONLY:
APPROVED
? As Recommended
? As Amended
? Ordinance on 1" Reading
? Ordinance on 2ntl Reading
? Implementing Resolution
? Set Public Hearing For
CONTINUED TO
FILE NUMBER
Approve an appropriation adjustment recognizing Orange County Real Estate Fraud Trust funds of
$50,000 in the Police Special Revenue account and appropriate same to the Police Special Revenue
expenditure account to support the Police Department's efforts in investigating real estate fraud.
DISCUSSION
Pursuant to Government Code 27388, the Orange County Real Estate Fraud Trust Committee, in
conjunction with the Orange County District Attorney's Office was created to administer funds to local
cities to support their efforts to investigate real estate fraud crimes. Recently, the Santa Ana Police
Department was awarded $50,000 to support its efforts in investigating real estate fraud crimes. The
Police Department will use $49,000 to fund investigator overtime and $1,000 to fund training for
investigators handling these cases. This grant will cover the period of July 1, 2013 through June 30,
2014.
Last fiscal year, the Police Department received $18,000 in Orange County Real Estate Fraud Trust
funds. The Police Department Economic Crimes Unit is currently investigating two cases involving
over 25 victims with a potential monetary loss of $80,000. These types of cases typically involve
illegal loan modification. The Economic Crimes Unit also investigates other types of real estate fraud
which includes identity theft, loss mitigation, and foreclosure rescue scams.
20B-1
Orange County Real Estate Fraud Trust Fund AA
September 16, 2013
Page 2
FISCAL IMPACT
The appropriation adjustment will recognize Orange County Real Estate Fraud Trust funds of $50,000
in the Police Special Revenue account (no. 02414002 57010) and appropriate same to the Police
Special Revenue expenditure account (no. 02414410-various) to support the Police Department's
efforts in investigating real estate fraud.
Carlos Rojas
Acting Chief of Police
Police Department
APPROVED AS TO FUNDS AND ACCOUNTS:
Francisco Gutierrez
Executive Director
Finance and Mgt. Services Agency
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