Title
District Attorney recommending the Board receive and file the Eleventh Annual Report on Real Estate Fraud for Fiscal Year 2016/17.
FUNDING: Real Estate Fraud Prosecution Trust.
Body
DEPARTMENT RECOMMENDATION
District Attorney recommending the Board receive and file the Eleventh Annual Report on Real Estate Fraud for Fiscal Year 2016/17.
DISCUSSION / BACKGROUND
In accordance with Government Code Section 27388(d), the Board of Supervisors is required to annually review the effectiveness of the District Attorney in deterring, investigating and prosecuting real estate fraud crime based upon information provided by the District Attorney in an annual report.
ALTERNATIVES
N/A
OTHER DEPARTMENT / AGENCY INVOLVEMENT
Real Estate Fraud Committee
CAO RECOMMENDATION
Receive and file.
FINANCIAL IMPACT
The trust fund beginning balance as of July 1, 2016 was $205,358.84. The FY 2016/17 revenue received, including interest, totals $140,286.23, leaving an unadjusted ending balance as of June 30, 2017 in the amount of $345,645.07.
The total FY 16/17 investigation and prosecution expenditures for the Real Estate Fraud Program are estimated at $45,597.08. The FY 16/17 estimated ending fund balance is $300,048.
There is no Net County Cost for this program.
CLERK OF THE BOARD FOLLOW UP ACTIONS
N/A
STRATEGIC PLAN COMPONENT
Public Safety
CONTACT
Megan Arevalo