HomeMy WebLinkAbout2004-04-27; City Council; 17604; Refund to Tadpole Computer for Business TaxesTITLE: AB# 17,604
MTG. 4/27/04 REFUND TO TADPOLE COMPUTER, INC. FOR
DEPT. FIN BUSINESS LICENSE TAXES
RECOMMENDED ACTION:
Adopt Resolution No. 2004-135
$1,398.80 in business license tax.
authorizing a refund to Tadpole Computer, Inc. of
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ITEM EXPLANATION:
Tadpole Computer, Inc. began operations in the City of Carlsbad on December 24, 2002.
At that time, the company estimated their gross receipts for the first year of operation.
When Tadpole Computer, Inc. renewed their business license in December 2003, their
books had not been closed for their first fiscal year, and they revised their estimated gross
receipts for the first fiscal year for renewal purposes. Once the books had been closed for
the first fiscal year of operation, it was determined that the actual gross receipts were
significantly different than their original estimate. This figure was then used to calculate the
actual business license tax owed for both the first and second year of operations. Based on
this revised figure, it was determined that Tadpole Computer, Inc. had overpaid their
business license tax for their first two years of operation by $1,398.80. Tadpole Computer,
Inc. has requested a refund for this overpayment.
The Finance Department audited the refund request by reviewing the financial statements
of Tadpole Computer, Inc. for the first year of business operations, confirming the refund
amount. Therefore, staff is recommending approval of a refund to Tadpole Computer, Inc.
for $1,398.80.
Summaw
Section 5.04.130 of the Carlsbad Municipal Code requires Council approval of any refund in
excess of $500.00. Therefore, staff is recommending approval of a refund to Tadpole
Computer, Inc. for $1,398.80.
FISCAL IMPACT:
The refund of $1,398.80 to Tadpole Computer, Inc. will result in a reduction in business
license revenue for fiscal year 2003-2004.
EXHIBIT:
1. Resolution No. 2004-135 , Refunding Business Tax Payment to Tadpole Computer,
Inc.
DEPARTMENT CONTACT: Kevin Branca, (760) 602-2430, kbran@ci.carlsbad.ca.us
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RESOLUTION NO. 2004-135
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CARLSBAD, CALIFORNIA, REFUNDING BUSINESS
TAX PAYMENT TO TADPOLE COMPUTER, INC.
WHEREAS, Tadpole Computer, Inc. began doing business in the City of Carlsbad on
December 24, 2002 and estimated their gross receipts for their first fiscal year; and
WHEREAS, Tadpole Computer, Inc. renewed their business license in February, and
revised their gross receipts estimate for the first fiscal year; and
WHEREAS, once the first fiscal year of operations had been completed, it was
determined that the actual gross receipts were significantly different than the original estimated
amount.
WHEREAS, the Finance Department audited and verified the refund amount.
NOW, THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS:
1. That the above recitals are all true and correct.
2. That a refund of business license tax of $1,398.80 to Tadpole Computer, Inc. is
authorized .
PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council on the
27th day of April , 2004, by the following vote, to wit:
AYES: Council Members Lewis, FiEn
NOES: None
ABSENT: None
ATTEST:
LORRAI M. WOOD, City Clerk "_syd (SEAL)