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Item 4E AudiorITY Or SOUTHLAKE Contract Provisions • Tarrant County has collected property taxes since 1982; • Tarrant County charges $.65 per parcel; — Estimated cost $8,500 Contract Provisions • Daily disbursements for collections in excess of $100 or the close of the month; • Allows the City to perform an audit of the County's collection process; • Compliance with the Public Funds Investment Act. 3 The City of Southlake provides municipal services that support the higher life for our residents and businesses. We do this by delivering outstandin Deliver on Our Safety and Quality Partnerships Performance Management Focus Areas Security Mobility Infrastructure Development and Volunteerism and Service Delivery Serve Our Customers Managethe Business Provide Financial Stewardship Promote Learning and Growth Live Our Core Values Integrity • Innovation • Accountability • Commitment to Excellence • Tea El SOUTHLAKE 5