DATE:
January 28, 2025
04
TO:
Board of Supervisors
SUBJECT
Title
2024 ESCHEATMENT OF UNCLAIMED MONEY IN COUNTY TRUST FUNDS (DISTRICTS: ALL)
Body
OVERVIEW
This is a request to approve the escheatment of specified unclaimed funds pursuant to California Government Code sections 50050-50057 and Penal Code sections 1420-1422. Public notice has been given by the Treasurer-Tax Collector that 1) the amount of $195,191.91 was deposited in Trust Funds in the Treasury of San Diego, 2) was not the property of the County of San Diego (the "County"), 3) has remained unclaimed for the requisite years, and 4) will become property of the local agency effective October 5, 2024, if no claim is received prior to that date. The final claim period ended on October 4, 2024.
RECOMMENDATION(S)
CHIEF ADMINISTRATIVE OFFICER
1. Direct the Chief Administrative Officer to transfer total of $151,405.90 from County Trust Funds from identified County Departments and deposit it as revenue in the County's General Fund.
2. Direct the Chief Administrative Officer through the Office of Revenue and Recovery to transfer a total of $43,786.01 from its Trust Funds and deposit it as revenue in the Office of Revenue and Recovery's Victim Services Fund.
EQUITY IMPACT STATEMENT
The Treasurer-Tax Collector recognizes the systemic impacts that inequitable policies may create for residents of the County of San Diego. Impacts have historically included outcomes related to racial justice and issues of belonging that are reflected in the programs, services and resources allocated to communities. County departments submit a list of unclaimed monies in their possession to the Treasurer-Tax Collector for inclusion in the Treasurer-Tax Collection escheatment noticing and advertising activity. The Treasurer-Tax Collector provides widespread public notice that these unclaimed monies are available to claim by displaying a full list of items on the Treasurer-Tax Collector website, and by placing displa...
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