Title
Ordinance in the Amount of $2,000 Appropriating State, Federal and Other Grants Fund Budget for the Appropriation of Internal Revenue Service Task Force Funds FY 14-15
Body
Department: Police
Council District: Citywide
Public Hearing: No
Advertising Date/By: NA
Contact 1 and Phone: Captain BL James, 433-7380
Contact 2 and Phone: Stephanie Moore, 373-2352
PURPOSE:
This funding allotment provides reimbursement to the City of Greensboro for overtime expenses incurred while working with the Internal Revenue Service (IRS) on cases involving bank accounts structured with $500,000 or more via the IRS Task Force. The task force will serve the Middle District of Guilford County, NC. A budget ordinance is requested from Greensboro City Council in accordance with current city fiscal procedures.
BACKGROUND:
The Greensboro Police Department has entered into an agreement with the IRS Task Force to develop and assist with criminal investigations and asset forfeitures of illegal activities within the Field Office. The emphasis of the task force is to pursue investigations on individuals and organizations that will result in criminal prosecutions and large asset forfeitures in investigations arising out of the analysis of Suspicious Activity Reports (SARs) filed by financial institutions pursuant to Title 31 of the United States Code. The IRS has agreed to reimburse the City for the costs associated with this service to a maximum of $2,000 for the fiscal year 2014-15 and will be used for overtime.
These funds provide reimbursement to the City for overtime worked by the assigned task force member. These reimbursement funds cannot be used for any other purpose. Funds are audited by the state and federal governments.
BUDGET IMPACT:
The IRS has provided the maximum limits for reimbursements under the Fiscal Year 2015 as $2,000. The funds will be housed in account 220-3536-02. Any expense above the allotment will be charged to the ...
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