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Item Coversheet Page 1 of 2 <br /> in <br /> Financial Management <br /> DATE: 5/8/2017 <br /> MEMO: LETTER to the DECATUR CITY COUNCIL Financial Management Department#2017-03 <br /> TO: Honorable Mayor Moore Wolfe and City Council Members <br /> FROM: Tim Gleason,City Manager <br /> Gregg D.Zientara,City Treasurer&Director of Finance <br /> SUBJECT: Reciprocal Agreement on Exchange of Information between the City of Decatur and the State of Illinois,Department <br /> of Revenue pursuant to Illinois Retailers'Occupation Tax Act,Service Occupation Tax Act,Use Tax Act and the Service Use Tax <br /> Act <br /> SUMMARY RECOMMENDATION: <br /> It is recommended that the City Council approve the attached resolution authorizing the Mayor of the City of Decatur to enter into <br /> such agreement as required by the Department of Revenue to enable the City of Decatur to receive periodic information <br /> concerning sales tax and other tax disclosures as identified in the subject of this memorandum, for the purpose of informational <br /> sharing of tax revenues derived from City of Decatur sources. <br /> City ability to have access to such information is necessary for City understanding of certain primary revenue sources funding City <br /> operations. <br /> BACKGROUND: <br /> The City of Decatur has received such informational disclosures from the State of Illinois Department of Revenue in the past.This <br /> agreement simply renews and affirms the previous arrangements between the City of Decatur and the State of Illinois Department <br /> of Revenue concerning the provision of such information. <br /> This agreement allows the City of Decatur access to confidential State of Illinois information regarding sales and use tax <br /> information concerning those business enterprises subject to sales and use tax operating within the City of Decatur. <br /> The agreement stipulates City requirements to the safeguarding of such information as confidential and proprietary. <br /> POTENTIAL OBJECTIONS: There are no known objections to this ordinance request. <br /> INPUT FROM OTHER SOURCES: <br /> No input from other sources. <br /> STAFF REFERENCE: Tim Gleason,City Manager Gregg D.Zientara,City Treasurer&Director of Finance <br /> BUDGET/TIME IMPLICATIONS: <br /> None <br /> ATTACHMENTS: <br /> Description Type <br /> Resolution Resolution Lctter <br /> Intergovernmental agreement Backup Nlaterial <br /> https:Hdecatur.novusagenda.com/AgendaWeb/CoverSheet.aspx?ItemID=1141 6/20/2017 <br />