CC 01-17-2024 Item No. 18 Receive the Monthly Treasurer's Report for December 2023 CC 1-17-2024
Item No. 18
Receive the monthly
Treasurer's Report for
December 2023
Written Communications
From:Peggy Griffin
To:City Council; Thomas Leung
Cc:City Clerk
Subject:2024-01-17 City Council Meeting Agenda Items 16 and 18 - Treasurer"s Report for Nov-Dec 2023
Date:Monday, January 15, 2024 9:09:54 PM
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you
recognize the sender and know the content is safe.
PLEASE INCLUDE THIS EMAIL AND ANY ATTACHMENTS AS PART OF WRITTEN COMMUNICATION FOR
THE ABOVE CITY COUNCIL MEETING AGENDA ITEMS.
Dear Mayor Mohan, City Council Members and Budget Manager Leung,
Due to the CDTFA Audit, the city has stopped paying Apple (BAZ INDUSTRIES) it’s 35% sales tax
portion from the start of the 2023 sales tax period. This amount adds up to MILLIONS of dollars by
now. Months ago, when this payment to Apple (BAZ) was stopped, staff said that they were setting
aside Apple’s share (35%) in a fund until the CDTFA Audit was resolved.
Since that statement, the Treasurer’s Reports do not reflect the addition/existence of this new fund
that by now holds millions of dollars!
Q1: Where is this Apple money being stored i.e. what fund is it being kept in?
Q2: Why is this not showing up on the Monthly Treasurer’s Reports?
Thank you.
Sincerely,
Peggy Griffin