1. Schedule of Taxes, Fees, and Charges Annual Update Fiscal Year 2015
Department of Finance
Schedule of Taxes, Fees, and Charges Annual Update Fiscal Year 2015
Special Joint Meeting Finance Committee/City Council
June 16, 2014

2. Background
Department of Finance
The Schedule of Taxes, Fees, and Charges is reviewed annually
Annual adjustments based on CPI of All Urban Consumers – Los Angeles/Riverside/Orange Counties
FY 2015 CPI = 0.54% (FY 2014 CPI = 2.22%)
Includes 4th year of 30% abatement credit for contractor’s license fees
Distinction between Schedule of Taxes, Fees, and Charges and the General Fee Schedule:
Schedule of Taxes, Fees, and Charges set by Municipal Code
General Fee Schedule set by City Council Resolution
Staff will review the Contracting and Building Trades Annual Tax Abatement during FY 2015 and will have recommendations during the FY 2016 budget process.

3. Fiscal Impact Estimated revenue increase - $318,700
Department of Finance
Estimated revenue increase - $318,700
General Fund - $118,100
Other funds – $200,600
Per municipal code Council can only accept or reject (not modify) any one or more proposed revisions

4. Recommendation Adjusted fees effective July 1, 2014 except:
Department of Finance
Adjusted fees effective July 1, 2014 except:
Grandstand Permit Application Tax, Rose Bowl Admission Tax, and Grandstand Seat Surcharge rates which became effective February 1, 2014 and will remain the same amount until February 1, 2015.
Staff is not recommending change to any tax rate which is based on percentage to conform with Proposition 218.
Close the public hearing and adopt the FY 2015 Recommended Schedule of Taxes, Fees, and Charges