Agency: City of South San Francisco
Contact: Richard Lee (richard.lee@ssf.net)
Phone: 650-877-8512
Deadline: 09/18/2015
More: RFP Detail Online
The City of South San Francisco is requesting proposals from qualified firms to conduct an audit of the financial records of thirty (30) hotels and three (3) parking facilities in the City of South San Francisco to ensure proper reporting of revenues to the City. The City wishes to appoint external auditors to audit all hotels and parking facilities for Fiscal Years 2011-2012, 2012-2013 and 2013-2014. Upon completion, continuous audits will be conducted on 6 to 11 hotels/parking facilities per year, for each future fiscal year, for 3 years, on a rotating basis.
Transient Occupancy Tax (TOT) represents the City’s third largest source of revenue. Fiscal Year
2013-2014 TOT revenue was $11.2 million, which was 14.3% of Total General Fund Revenues. Commercial Parking Tax, which trends along the same seasonal and economic cycles as Transient Occupancy Tax, totaled $2.7 million in revenue for FY 2013-2014.