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Page 2 of 5 <br /> <br />4. COMPENSATION FOR BUSINESS PERSONAL PROPERTY AUDITS <br />A. For AUDITING SERVICES provided by CTSI under this Agreement, COUNTY agrees to <br />compensate CTSI as follows: <br />*Fees invoiced by CTSI will be based on utilizing the most current Business Personal Property Tax <br />Listing filed by the taxpayer to determine the final Total Tax Value assessed. If a taxpayer has never <br />filed a Business Personal Property Tax Listing, then the fee is based on size S-T below. <br /> <br />Size *Total Tax Value per Current Listing Fee per Acct# <br />S-T Never Listed Businesses 700.00 <br />S-0 1 – 49,999 600.00 <br />S-1 50,000 - 399,999 600.00 <br />S-2 400,000 - 999,999 1,000.00 <br />S-3 1,000,000 - 4,999,999 2,000.00 <br />S-4 5,000,000 - 14,999,999 5,000.00 <br />S-5 15,000,000 - 29,999,999 6,000.00 <br />S-6 30,000,000 - 49,999,999 6,000.00 <br />S-7 50,000,000 up 6,000.00 <br /> <br />Invoicing Procedures <br />If COUNTY has appropriated funds for audit services, as outlined in Section 1, CTSI will invoice <br />the COUNTY monthly for services rendered based on issuance of the first letter of audit findings to <br />the taxpayer, during the preceding thirty (30) days. <br /> <br />If COUNTY has NOT appropriated funds for the audit program the COUNTY will provide CTSI <br />with copies of audited taxpayer’s post-audit paid bills so that CTSI can generate invoices to <br />COUNTY for services. If it is determined that the amount COUNTY has collected as a result of <br />CTSI audits totals more than the total fees due up to that date, then CTSI will invoice all audits <br />completed up to that date. CTSI shall invoice COUNTY; Payment to CTSI for services provided <br />under this Agreement will be due 30 days from the date of funds collected. Account assignments <br />will be made until sufficient funds are collected by COUNTY as a result of CTSI audits to pay <br />CTSI all fees for services rendered, or until COUNTY elects to discontinue making assignments <br />for any reason thereafter and appropriates sufficient funds to pay CTSI for all outstanding fees for <br />services rendered up to the effective date of termination. <br /> <br />B. FOR CONSULTING SERVICES COUNTY agrees to compensate CTSI as follows: <br />For consulting services provided by CTSI under this Agreement, COUNTY will pay to CTSI One <br />Hundred Dollars and No Cents ($100.00) per hour. Consulting fees will be invoiced at the end of each <br />month. All consulting fees must be pre-authorized by the Tax Administrator or his/her authorized <br />agent prior to services being rendered. <br /> <br />SECTION B OCCUPANCY TAX <br /> <br />1. AUDITING SERVICES <br />CTSI agrees to provide to COUNTY auditing services on Occupancy Tax listings. <br />CTSI will: <br />A. Make copies of the assigned tax listings from the COUNTY for Occupancy Tax audits according <br />to the Tax Administrator’s instructions on accounts selected for audit. <br />B. Prepare an introduction letter on COUNTY letterhead and provide the letter to the Tax <br />Administrator for signature and timely mailing. <br />C. Make an appointment with the selected businesses for a Gross Receipt tax audit to be performed. <br />D. Will review the revenues related to Occupancy Tax on these taxpayers’ financial statements and <br />N. C. Sales Tax Returns and compare them with the monthly listing forms filed with the <br />COUNTY to verify accuracy. <br />DocuSign Envelope ID: 2948B9F7-FD1F-41CB-B84C-0D40A0FB8E54