Budget and Finance

Due to COVID-19, the Finance Department is closed to visitors until further notice

Shelter in Place Order Due to the Pandemic

Slide Willets on Monterey State Beach

Sales Tax Facts - Measure G

Tax Facts

Facility Facts

Hotel Tax Facts - Measure Y

Finance 101 Report

Lauren Lai, CPA
Finance Director
lai@monterey.org

Jordan Cupps, CPA
Assistant Finance Director
cupps@monterey.org

Hours
Monday - Friday
8:00am to 5:00pm

Administration
(831) 646-3940

Accounts Payable
(831) 646-3943

Payroll
(831) 646-3942

Revenue – Accounts Receivable, Pet Licenses, Business Licenses
(831) 646-3944

Finance Department
735 Pacific Street, Suite A
Monterey, CA 93940
Fax: (831) 655-0562
finance@monterey.org

Welcome to your online guide to the Finance Department. We are responsible for managing and executing all of the financial management functions for the City. Information includes the City's Comprehensive Annual Financial Report (CAFR), City fees and charges, budget data for the current year and prior years, and City ordinances pertaining to the Business License Tax, Visitor Accommodation Facilities Tax, including Transient Occupancy Tax (TOT), and Utility Users Tax.


New Sales Tax: Effective July 1, 2020, the City of Monterey Sales Tax rate is 9.25%.


We provide an online version of the Transient Occupancy Tax Return form for those hotel/motel operators who are required to collect and remit transient occupancy taxes to the City.

If you are starting a business in Monterey, the business license application form can be downloaded from this site. A business license tax calculator also is provided to compute the business license tax for you. The specific programs are briefly described below.

Finance and Budget News

10 November 2020
11/10/2020: City of Monterey Receives Distinguished Award for Financial Reporting

11/10/2020: City of Monterey Receives Distinguished Award for Financial Reporting

The Certificate of Achievement for Excellence in Financial Reporting has been awarded to the City of Monterey by the Government Finance Officers Association (GFOA) for its comprehensive annual financial report (CAFR) for the fiscal year ended June 30, 2019. The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and receiving this honor represents a significant accomplishment by a government and its management. NEWS RELEASE IN PDF

CAFR Cover

06 July 2020
07/06/2020: City of Monterey Changes Hotel Tax Remittance to Monthly to Address Operations and Budget Projections Due to the COVID-19 Pandemic

07/06/2020: City of Monterey Changes Hotel Tax Remittance to Monthly to Address Operations and Budget Projections Due to the COVID-19 Pandemic

The Covid-19 pandemic is impacting all City of Monterey operations, service levels and budgets. The City is acting rapidly to jumpstart the economy and safely reopen City services and facilities. To that end, effective July 2020, the Finance Director established a shorter reporting period from bi-monthly to monthly to ensure prompt collection of Transient Occupancy Tax (TOT), also known as Hotel Tax, Conference Center Facilities District Tax (CCFD), and Tourism Improvement District Tax ( TID) per City Code section 35-15(b).    

            Moving to a monthly remittance period will provide the City with more timely cash flow and budget data, and help staff make more informed and effective decisions about the ability to reopen facilities, and bring back staff along with the services and programs our residents are used to enjoying.  Also, starting in July, in an effort to streamline operations, the City’s TOT remittance form will be posted online and the City will discontinue mailing TOT forms to operators.  NEWS RELEASE IN PDF

29 May 2020
05/29/2020: Restoring City Budget and Services: Community Virtual Town Hall on Monterey's FY 2021 Budget in the Age of COVID-19, June 1, 2020

05/29/2020: Restoring City Budget and Services: Community Virtual Town Hall on Monterey's FY 2021 Budget in the Age of COVID-19, June 1, 2020

The City of Monterey's budget faces a devastating loss of $31 million over the span of two years as a result of Covid-19. The State’s Stay at Home and Monterey County Health Department’s Shelter in Place orders required the temporary closure of many of the City’s facilities and the cancellation of many cherished community programs and services, including those provided by the Monterey Public Library, Monterey Sports Center, four community centers, and the Monterey Conference Center. NEWS RELEASE | FLYER | REGISTER HERE

Town Hall Flyer
 

Administrative Citation Appeals

If you have received an administrative citation for violations of the Monterey City Code and wish to appeal the citation, you must do so within 30 days of the date of the citation by submitting the hearing request form to the Finance Department together with an advance deposit of the total fine amount or an advance hardship waiver application form.    

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