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consistent method for ensuring compliance by all businesses. Due to the nature of the <br />proposed audit, identifying businesses that have not paid their business license taxes, staff <br />is unable to develop a reasonable estimate of the amount of tax revenue that could be <br />generated under this proposal. <br /> <br />Should Cot~qcil proceed with this recommendation, staff will return to Council later this <br />fiscal year wkh a recommended budget amendment and will be able to report to Council at <br />that time how rluch additional revenue has been generated. <br /> <br />G . Ed Everett <br />Senior Accountant/ Director of Finance and City Manager <br />Revenue Services Manager Financial Planning <br /> <br />Attachment: Exhibit A - MBIA Professional Services Agreement and Business License <br />Tax Compliance Services Exhibit <br /> <br /> <br />