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418-A West Mountain St. <br />Kemersville, NC 27284 <br />Email: info~nctaxman.com <br /> <br /> TAX REDUCTION SPECIALISTS <br />(Division of UTILITIES REDUCTION SPECIALISTS; I~.). <br />Audit Services for Sales, Corp./Franchise Tax & Tats: Audit Redu.crto~ <br /> <br /> (336) 993-4445 <br /> ]~'g0{ (336) 996-4759 <br />~C b~ite: ~w.nctaxman.com <br /> <br />Monday, June 24, 2002 <br /> <br />'Mr. Blair Bennett <br />Cabarrus County Government <br />Government Center <br />65 Church St., SE <br />Box 707 <br />Concord, NC 28025 <br /> <br />Dear Mr. Bennett: <br /> <br />In these budget crunch times and meetings where difficult decisions are being made, [ ann ~lea~,~t to report some of <br />the findings fi:om our sales tax audit project with the County, Included m your next d~st~h3~uttion from the N.C. <br />Department of Revenue on August 15, 2002, you will be receiving the following re Ea'ad~: <br /> <br />Sales Tax Reallocated Gross Benefit to County <br /> (50% per Article 39 of NCGS) <br /> <br />Contract Fee ~tlet. IB~efit County <br /> 40% <br /> <br />1) $1,142,779.40 $ 571,389.70 $228,555.85 <br />2) $ 23,006.70 $ 11,503.35 $ 4,601.34 :t; $~0:~2.0! <br /> <br />Totals $ 582,893.05 ' $233,157.~:~ :K14~0.~.~5.83 <br /> <br />*1) Work at Hospital <br />*2) Work at Water/Sewer Authority <br /> <br />I have also enclosed a letter from the N.C. Department of Revenue regarding thcs e refunds. I~l,.~ase feel free to call <br />me if you have any questions. <br /> <br />We will keep you informed as other refunds are processed. <br /> <br />Sincerely, <br /> <br />J. M. (Michael)Blackburn <br />Executive Vice President <br /> <br />Cc: Steve .Mann, 'UTILITIES REDUCTION SPECIALISTS, Inc. <br /> <br /> <br />