Title
Treasurer-Tax Collector recommending the Board authorize the transfer of unclaimed trust funds in the amount of $31,938.35 to the General Fund and $5,421.88 to the Probation Department's Victims Program.
RECOMMENDED ACTION: Approve.
Body
In accordance with Government Code Sections 50050-50055, individual items of $15.00 or more were held in trust for more than three years and were not claimed. Following the Code, the Treasurer/Tax Collector advertised the last known owners and twenty-four claims were received and approved.
These funds represent the remainder that was not claimed and are from the following departments:
Recorder/Clerk - Marriage fees |
41-528-906 |
$82.90 |
Probation - Suspense |
41-525-304 |
$681.55 |
Surveyor - Subdivision Survey Mon |
41-512-300 |
$2,875.00 |
Surveyor - PM Road Improvements |
41-512-310 |
$3,370.20 |
Surveyor - Labor Materials |
41-512-311 |
$1,655.50 |
Treasurer - Stale Dated Checks |
41-504-513 |
$23,273.20 |
Probation - Restitution Trust Account |
41-525-300 |
$5,421.88 |
Treasurer - Reimbursement for costs |
|
($4,067.00) |
The Treasurer/Tax Collector's Department recommends a reimbursement for publication and administrative costs of $4,067.00.
FISCAL IMPACT: The General Fund will benefit by $27,871.35 and the Probation Department will benefit by $5,421.88.
ACTION TO BE TAKEN FOLLOWING APPROVAL: Upon authorization by the Board, the Treasurer/Tax Collector's Office will submit a journal entry to the Auditor/Controller's Office to transfer the funds from the respective trust funds to the General Fund and the Probation Department's Victims Program fund.