TREASURER/TAX COLLECTOR - M CASILLAS

Approve an MOU between CSAC Financing Corporation and the County of San Benito for participation in the Tax Refund Exchange and Compliance System (CalTRECS) program.

SBC FILE NUMBER: 685.2

CSAC Financing Corporation offers a program to Tax Collectors called CalTRECS which helps to collect monies due to a taxpayer to be used to pay unpaid Unsecured Taxes. The program is an intercept collection resource to be used by Tax Collectors. CalTRECS reaches out to the Franchise Tax Board to collect distributions for State Income Tax refunds, lottery winnings, and Unclaimed Property.

The program is relatively new but definitely gaining it interest. Merced County was the first county to join CalTRECS, followed by Mariposa, and now there are 7 more pending contracts with them. Many counties have in-house collection agencies.

The CalTRECs total charge of $25 per collection plus a fee of $2.25 is passed on to the taxpayer. This amount is included in the payment to the county by the FTB, and those charges are then sent to CalTRECS by the county. However, it is a net $0 cost to the county.

Approve an MOU between CSAC Financing Corporation and the County of San Benito for participation in the Tax Refund Exchange and Compliance System (CalTRECS) program, and authorize the Chair to sign it.