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OIG No. 21-36: Resort Tax Activities Summary 10-01-2020 thru 09-30-2021TO: FROM: PROJECT PERIOD: Joseph M. Centorino, Inspector General October 4, 2021 Honorable Mayor and Members of the City Commission Joseph M. Centorino, Inspector General Resort Tax Audit Activities Summary OIG No. 21-36 April 1, 2021 through September 30, 2021 The Office of the Inspector General's Audit Division includes four Resort Tax Auditors who verify compliance by registered taxpayer businesses with the City Code's Resort Tax provisions. They conduct audits of annual filers, e.g., apartment buildings, that typically remit little or no resort taxes to the City due to the frequency of exemptions for continuous residencies exceeding six months, and monthly filers, e.g., hotels, nightclubs and restaurants, which have frequent daily transactions for which resort taxes are due to the City. Annual filers are required to file once per year for the period of May through April by May 20th {adjusted for weekends and holidays), while monthly filers must file each month prior to or on the twentieth of the following month (adjusted for weekends and holidays). The objective of these audits is to determine whether registered taxpayers have accurately reported their revenues and timely remitted any taxes due. The Finance Department determined that there were 3,934 active Resort Tax accounts as of September 27, 2021, which was comprised of 947 annual filers and 2,987 monthly filers. The number of monthly accounts has increased significantly due to a rise in short-term rentals. As the annual filers are expected to remit a much smaller amount in resort taxes, the OIG is primarily focused on conducting audits of monthly filers. The audits of annual filers that are performed concentrate on determining whether tested apartment building tenants satisfy the requirement of City Code Section 102-308(3), that there be a continuous length of residency for longer than six months to be qualify for exemption from the resort tax provisions. Although the Office of the Inspector General determines the assessment (if any) based on its audit, it is not involved thereafter in the collection phase, which is conducted following referral to the Finance Department, and may lead to adjustment, appeal, settlement, or other resolution involving other City processes and agencies. This process helps achieve a proper segregation of duties between those performing the audit and those enforcing an assessment. It should be noted that assessments are not always paid timely, and may result in liens being imposed by the City on local properties owned by the delinquent taxpayers or corporate officers, Page 1 of 3