A. Options.
1. Option A-For Municipalities That Collect More Than Fifty Thousand Dollars Per Year in Occupancy Tax.
The governing body shall select for annual random audits one or more vendors to verify the amount of gross rent subject to the occupancy tax and to ensure that the full amount of occupancy tax on the rent is collected, from each vendor thus audited.
2. Option B-For Municipalities Collecting Less Than Fifty Thousand Dollars Per Year in Occupancy Tax.
The governing body shall conduct random audits to verify full payment of occupancy tax receipts.
B. The governing body shall determine each year the number of vendors within the municipality to audit.
C. The audit(s) may be performed by the city clerk or by any other designee of the governing body. A copy of the audit(s) shall be filed annually with the local government division of the department of finance and administration. (Ord. 461 (part), 2005)