Sep 19, 2023 Town of Hilton Head Finance & Administrative Committee

[*This Meeting Was Joined In Progress*]

[4. Approval of the Minutes ]

[00:00:08]

10 MINUTES IN FRONT OF US FROM OUR AUGUST 15TH MEETING IN 2023 PROVED TO ADOPT THE HOUR TO IMPROVE THEM IN MINUTES. AUGUST 15, 2023 BEGAN OLIVEIRA. NEXT WE HAVE A PARENTS PLUS

[5. Appearance by Citizens]

IN SKIP HOAGLAND. WINDMILL HARBOR IN LIGHT OF THE GREENWAY SCANDAL COUNTY COUNCIL'S TO FORENSIC AUDITS ON ALL OF COUNTY OFFICES. WE NEED TO KEEP PUSHING OUR HILTON HEAD COUNCIL, OUR MAYOR WHO UNFORTUNATELY LA TO COMPEL MORE TRANSPARENCY FROM TOWN MANAGERS, LAWYERS AND CPAS AND TO CONDUCT FOR CONDUCT FORENSIC AUDITS ON ALL BUDGETS AND INTERNALLY HIRED COOKIE CUTTER AUDITS THAT SHOW ONLY THE NUMBERS THAT DISHONEST INSIDERS US TO SEE. ONLY A FORENSIC AUDIT WILL IDENTIFY WAYS IN CRIMES SUCH AS EMBEZZLEMENT, PAYBACKS, KICK OFFS, GRIFT, GRAFT ETC. MUST REQUIRE COUNCIL EMPLOYEES WHO JUST ISSUE MILLIONS OF OUR HARD EARNED TAX DOLLARS WITH NO ACCOUNTING TO COMPLY TO ALL STATE AND FEDERAL LAWS AND STOP VOTES FOR COUNCIL MEMBERS IN COUNTY INCLUDING BLUFFTON AND HILTON HEAD WHO MUST KNOW BY NOW THEIR VOTE IS FOR THE LEGAL ISSUE AND USE OF MILLIONS OF TAX MONIES AND IF THEY APPROVE THEM ANYWAY THEY NEED TO BE EXPOSED AND THEY JUST SIMPLY VOTED OUT OF OFFICE. YOU HAVE TO ASK YOURSELF WHY WOULD ANYONE AN ELECTED OFFICIAL VIOLATE THOSE WHO TRUST THEM AND WORSE VIOLATE THEIR OWN OATH AND CAMPAIGN PROMISE TO SERVE HONESTLY AND APPROVE AND SPEND AND GUARD TAX MONIES LIKE OUR OWN FUNDS? WHY WOULD YOU DO THAT? WE HAVE MANY FORENSIC THAT NEED TO BE DONE.

MY PRIORITIES ARE FOCUSED ON THE LARGEST AMOUNTS WE ALREADY KNOW ABOUT AND ONCE AUDITS ARE COMPLETED WE'LL KNOW EVEN MORE ABOUT THE RAMPANT WASTE AND THE WRONGDOING AND CRIMES.

NO INSTITUTION HAS EVER ESCAPED WRONGDOING ONCE THEY'VE BEEN FULLY AUDITED.

AND WHY ARE WE WHY WOULD ANY COUNCIL OPPOSE THIS TO CLEAN THE SLATE.

TO BEGIN WITH THE SCHOOL DISTRICT THE TREASURER. THE AUDITOR'S OFFICE.

AND THAT'S PRIOR TO DAVID CAIRNS HONEST LEADERSHIP TENS OF MILLIONS OF HOSPITALITY TAX FUNDS INCLUDING AID TAX THAT WAS USED BY THE CHAMBER AND EVEN THE PART STEVE RILEY WAS THERE WAS A LOAN FROM A BIRD FROM A LAW FIRM AND HER LAW FIRM A FIRM ALSO ALL THE BONDS FOR THE SCHOOL DISTRICT. THEY'VE PITCHED A BOND FOR HILTON HERE THAT I JUST SHOOK MY HEAD ON AND I THINK YOU PRESENT FOR THAT. SO WE NEED TO ACTUALLY BE REFORMING NEEDS TO BE INVESTIGATED BY THE FBI. THAT'S HOW BAD A FORMER LAW FIRM IS AND HOW TANGLED THEY ARE. THEY DO 42 SCHOOL DISTRICTS IN THE STATE SO OF MILLIONS OF HOSPITALITY FUNDS HAVE ALSO ILLEGALLY USED TO ISSUE TOO MANY NON PROFITS THAT WE'VE ALREADY IDENTIFIED. AND EVEN THOSE LEGALLY FUNDED MUST FULLY REPORT THEIR USE THE LAW FOR EVERY DOLLAR ISSUED. DOES THE THE THE LEAGUE THE LEGAL NONPROFITS LIKE THE CHAMBERS AND CV BS AND DEMOS MUST BE TERMINATED IMMEDIATELY UNDERGO A FORENSIC AUDIT SEE HOW MUCH DAMAGE AN ILLEGAL USE WAS ACTUALLY CAUSED BY.

AND EVERY LEGAL NONPROFIT THIS ISSUE TAX FUNDS MUST SIGN A TAX RECIPIENT CONTRACTOR AND HOW THESE FUNDS MUST BE LEGALLY USED AND REPORTED. AND THE LAWYERS NEED TO DRAFT THESE CONTRACTS. I CAN DRAFT THE CONTRACT I'M NOT EVEN A LAWYER.

[6.a. Consideration of an Ordinance Amending the Business License Ordinance of the Town of Hilton Head Island to Update the Class Schedule as Required by Act 176 of 2020 – John Troyer, Director of Finance]

I HAVE WITH ME OUR REVENUES MANAGER. WE'D LIKE TO SHARE A FEW WORDS WITH YOU AND WE'RE CERTAINLY AVAILABLE FOR ANY QUESTIONS. DON, YOU'RE ALREADY BAILING OUT ON IT? I HOPE NOT. GOOD AFTERNOON.

I'M APRIL AGENTS. THE REVENUE SERVICES MANAGER HERE IN THE TOWN AND I'M HERE TODAY TO TALK TO YOU ABOUT SOME UPCOMING TO OUR BUSINESS LICENSE TAX CODE THAT IS REQUIRED BY STATE LAW AND SPECIFIC OR SPECIFIC TO OUR BUSINESS LICENSE SCHEDULE CHANGES. I WANTED TO GO OVER THOSE CHANGES HOW THEY IMPACT THE TOWN AND ALSO OUR BUSINESS COMMUNITY. JUST PROVIDE A BIT OF BACKGROUND AND TO REFRESH OUR MEMORY. BACK IN SEPTEMBER OF 2020, SOUTH CAROLINA GENERAL ASSEMBLY PASSED ACT 176 WHICH IS THE BUSINESS LICENSE

[00:05:03]

BASED ON THOSE CHANGES AND THAT STUDY REVEALED THAT THE REQUIRED RECLASSIFICATION CAUSED A SHORTFALL OF BUSINESS LICENSE TAX REVENUE OF ALMOST $340,000 AS A TOWN COUNCIL AGREED AND VOTED TO PASS THE INCREASE OF 7.2% ACROSS THE BOARD ALL BUSINESSES FOR THE BUSINESS LICENSE TAX INCREASE TO OFFSET THE SHORTFALL AND ACHIEVE A REVENUE NEUTRAL RESULT THAT WAS REQUIRED BY THE LAW AND NOW IN 2023 WE'RE HERE WE'VE GOT ACT 176 THAT REQUIRES THE TOWN TO ADOPT AN ORDINANCE THE LATEST STANDARDIZED BUSINESS LICENSE CLASS AS RECOMMENDED BY MSE AND ADOPTED BY THE DIRECTOR OF REVENUE AND FISCAL AFFAIRS OFFICE.

AND THAT DOES HAPPEN YEAR. MASC DETERMINES AND REVISES THAT STANDARDIZE STANDARDIZE BUSINESS LICENSE CLASS SCHEDULE EVERY EVEN YEAR USING THE LATEST AVAILABLE NATIONWIDE GUIDE IRS STATISTICS MSI THEN A THREE YEAR AVERAGE OF THE IRS PROFITABILITY STATISTICS TO DETERMINE THE CLASS SCHEDULE CHANGES AND IN THIS CASE I'D LIKE TO POINT OUT THE YEARS THAT WERE USED TO AVERAGE WERE 2017, 2018 AND 2019. SO IT WAS BEFORE THE PANDEMIC.

THE GOAL OF THIS NEW PROCESS IS TO STABILIZE AND LIMIT FLUCTUATIONS AND THE BUSINESS CLASSES AND OUR OUR TAX. WE DID COMPLETE A BUSINESS LICENSE RATE STUDY BASED THE CHANGES MSI PUBLISHED THEIR LATEST STANDARDIZED BUSINESS CLASS SCHEDULE AT THE END OF JUNE OF THIS YEAR AND THEN THE TOWN COMPLETED A DETAILED RATE STUDY ANALYSIS ON 14,000 BUSINESS LICENSE ACCOUNTS AND OF THIS YEAR TO DETERMINE THE IMPACT OF THE SCHEDULE TO THE TOWN AND OF COURSE TO OUR BUSINESS COMMUNITY. TO GIVE YOU AN IDEA, THERE ARE 19 INDUSTRY SECTORS IN THE CLASS SCHEDULE. NINE INDUSTRIES WILL BE IMPACTED BY THE CLASS SCHEDULE CHANGES AND THE 2024 BUSINESS LICENSE TAX YEAR.

SEVEN INDUSTRIES WILL HAVE A TAX RATE REDUCTION AND TWO INDUSTRIES WILL HAVE A TAX RATE INCREASE OVERALL THAT DID IMPACT 15.8% OF OUR BUSINESSES ACROSS THE NEW CHANGES WITH THE BUSINESS BUSINESS CLASS SCHEDULE. BY APPLYING THE NEW CLASS SCHEDULES I'M HAPPY TO REPORT OUR STATE OUR RATE STUDY RESULTS ARE DEFINITELY FAVORABLE COMPARED TO 2021 AND OUR REVENUE LOSS IS CLOSE TO $33,000 OR LESS THAN 1% OF OUR TOTAL BUSINESS LICENSE TAX REVENUE. I DID INCLUDE A SLIDE OF OUR DETAILED RATE STUDY SO THAT YOU CAN SEE WHERE IT'S IMPACTING OUR BUSINESSES.

THIS PARTICULAR SLIDE GREEN AREAS THE GREEN HIGHLIGHTED AREAS ARE THOSE SECTORS INDUSTRIES THAT WERE IMPACTED FROM THE RATE CHANGES. SO IF YOU LOOK DOWN AT THE BOTTOM WHERE IT SAYS THE TOTAL WHERE IT'S A $6.314 MILLION THAT IS THE ACTUAL BUSINESS LICENSE TAX REVENUE THAT WAS COLLECTED WITH ALL OF THE 14,000 BUSINESSES FOR FISCAL YEAR 23. AND THEN WHEN WE MAKE THE CLASS SCHEDULE WE ANALYZED WHAT THE

[00:10:03]

AND JUST TO NOT TO POINT ANYONE OUT OR TO PICK ON ANYONE BUT THERE ARE SOME LARGE FLUCTUATIONS I WANTED TO ADDRESS. SO FOR INSTANCE THE SECTOR 7 TO 2 WHICH IS OUR FOOD SERVICE AND DRINKING PLACES THAT INCLUDES CATERERS, RESTAURANTS, MOBILE UNITS AND THOSE TYPES OF BUSINESSES. THERE WAS A INCREASE OF 24% IN THEIR TAX RATE. I WAS VERY CURIOUS I WENT BACK TO 2021 JUST TO SEE WHAT HAPPENED THEN AND THEY ACTUALLY A 50 IT WAS A 56% DISCOUNT IF YOU WILL REDUCED IN RATE.

SO IT JUST SHOWS A FLUCTUATION OF WHAT HAPPENS IN THEIR INDUSTRY WITH THEIR WITH THEIR INCOME. ANOTHER ONE I LIKE TO POINT OUT IS NUMBER SECTOR 56 WHICH IS OUR ADMIN AND SUPPORT AND WASTE MANAGEMENT. THOSE ARE MORE OF OUR WHAT I WOULD CONSIDER OUR HOSPITALITY SERVICE INDUSTRY LANDSCAPERS, HOUSEKEEPERS AND THOSE SORTS OF YOU KNOW WASTE HAULERS AND THINGS OF THAT NATURE. SO IN THIS INSTANCE THEY'RE GETTING A 14% RATE CHANGE CORRECT BY PREVIOUS THEY HAD ALMOST A 50% CHANGE SO IT JUST FLUCTUATES SO MUCH WITHIN THE INDUSTRIES AND AGAIN THE IRS STATISTICS ARE PULLED USING THEIR PROFITABILITY AND A THREE YEAR AVERAGE TO DETERMINE WHERE WE SHOULD CHANGE OUR SCHEDULE OF CLASSES TO HOPEFULLY ELIMINATE A LARGE FLUCTUATION WITH THE TAXES AND THE REVENUE.

SO I AM HAPPY THAT I WAS VERY HAPPY WHEN I SAW IT LESS THAN 1% OF OUR REVENUE BEING BEING IMPACTED. WE DO HAVE A FEW RECOMMENDATIONS TODAY.

WE DO THE STAFF PLEASE RECOMMENDS TO ADOPT THE STANDARDIZE IS THIS LICENSE CLASS SCHEDULE AS REQUIRED BY STATE LAW WE ALSO ARE RECOMMENDING TO MAINTAIN THE CURRENT BUSINESS LICENSE TAX RATES THEY ARE WITH NO ADJUSTMENTS AND FINALLY WE REQUEST THAT THE FINANCE ADMINISTRATIVE COMMITTEE RECOMMENDED TOWN TO AMEND THE CURRENT BUSINESS LICENSE ORDINANCE TO UPDATE THE BUSINESS LICENSE SCHEDULE AS REQUIRED BY ACT 176 IF YOU AGREE TO THAT I'VE INCLUDED A TIMELINE OF EVENTS.

WE'VE GOT A AGAIN A SHORT PERIOD OF TIME TO MAKE THESE CHANGES.

SO OF COURSE TODAY I'VE INFORMATION TO YOU WE'RE PROPOSING THAT OCTOBER 3RD WOULD BE THE FIRST READING OF THE ORDINANCE BY TOWN COUNCIL AND OCTOBER 17TH THE SECOND AND FINAL READING OF THE ORDINANCE BY TOWN COUNCIL GIVING STAFF SOME TIME TO PREPARE FOR CHANGES. SO IN NOVEMBER WE WILL WORK WITH OUR SOFTWARE VENDOR TO UPDATE OUR SOFTWARE SYSTEM MAKE SURE THE NEW CLASS SCHEDULES ARE IN PLACE TO BE THERE AND PREPARED FOR THE 2024 BUSINESS LICENSE RENEWAL PERIOD DECEMBER WE WORK THROUGH THE PROCESSING OF OUR BUSINESS LICENSE RENEWALS AND THAT INCLUDES MAILING PRINTING AND MAILING OUT THE RENEWALS TO THE BUSINESSES AND OF COURSE JANUARY ONE 2024 THE NEW BUSINESS LICENSE CLASS SCHEDULES WILL BE IMPLEMENTED AS REQUIRED BY LAW AND I DIDN'T CONCLUDES MY INFORMATION TODAY IF YOU WANT TO ASK ANY QUESTIONS OR HAVE ANY COMMENTS WE CAN DISCUSS IT. YES, SIR. I'M GOING TO DO I UNDERSTAND CORRECTLY THAT THE STATE LAW IS THE MOVING FORCE IN TERMS OF WHAT CLASS EACH OF THESE INDUSTRIES IS IN? YES, SIR. AND THAT THE VARIANCES PLUSES AND MINUSES IT SHOWED ON THE SCHEDULE ARE ESSENTIALLY THE RESULT OF THE STATE LAW AND IT CAN CHANGE THE RATE AND APPLIES TO EVERY BUSINESS BUT NOT JUST ONE.

YES, SIR, THAT'S CORRECT. I WANT TO MAKE SURE THAT I UNDERSTOOD THAT LAST POINT WHEN YOU SAID NOT JUST ONE ONE INDIVIDUAL OR ONE CLASS CLASS I AM FASCINATED BY THE FLUCTUATIONS THAT YOU REFERRED . I'M TRYING TO GET A HANDLE ON THAT. DOES ANY ONE YEAR SUGGEST TO STAFF THAT WE SHOULD BE MAKING ADJUSTMENTS? DO YOU HAVE ENOUGH FOR THE HISTORICAL TIMELINE TO BE ABLE TO SAY THE FLUCTUATIONS, EXCESS AND A ARE ARE PREDICTABLE ENOUGH TO KEEP THE RATE THEY

[00:15:11]

WE HAVE A LOT OF HISTORICAL DATA THAT WE REVIEW. WE OBVIOUSLY ARE MONITORING THAT FOR BUDGETARY REASONS BUT VERY COMMON FOR OUR BUSINESSES TO FLUCTUATE BASED ON WHAT'S HAPPENING IN OUR ECONOMY AND EVERYTHING THAT CAME OUT OF THE RATE STUDY WAS I MEAN IT WAS VERY STABLE. I IT KIND OF LOOKS UNSTABLE BUT OVERALL IT WAS LESS THAN 16% OF OUR BUSINESSES. SO I, I FEEL VERY GOOD ABOUT THAT AND CURIOSITY IF YOU TOOK A TEN YEAR FISCAL FRAMEWORK, HOW MUCH FLUCTUATION OVER THE MEAN OR THE AVERAGE DO YOU THINK YOU'D GET PLUSES AND MINUSES ANTICIPATING THAT YOUR ANSWER WILL BE NOT A LOT BUT I'M JUST CURIOUS OVERALL CORRECT IT WOULD NOT BE A LOT INDIVIDUALLY THERE COULD BE SOME SOME YOU KNOW FLUCTUATIONS THAT YOU CAN SEE DOWN AT THE DETAIL LEVEL.

THANK YOU. THANK YOU. SO MY QUESTION IS AROUND HOW MSE IS HERE. OKAY SO AS I UNDERSTAND IT 2024 WILL BE A YEAR OF REVIEW TO MAKE CHANGES AGAIN IN 2025 WHICH IS ABOUT CORRECT? YES, I APPRECIATE THAT THEY HAVE MADE THE DECISION TO LOOK BACK 2019 VERSUS USING I WOULD DESCRIBE THEM AS THE SUPER YEAR'S PANDEMIC. SO DO WE HAVE INFLUENCE AS TO WHAT THEY LOOK BACK IS FROM A MUNICIPALITY STANDPOINT I WOULD HAVE TO LOOK INTO THAT NOT SURE.

I'M NOT POSITIVE IF THE THREE YEAR AVERAGE I DON'T BELIEVE THAT'S PART OF THE STATE LAW.

I THINK THAT IS A PRACTICE. SO IF IT WERE JUST A PRACTICE AND YES WOULD DEFINITELY HAVE SOME INFLUENCE THERE. BUT THE REASON I'M ASKING THE QUESTION BECAUSE I THINK RIGHT IF YOU LOOK AT A TEN YEAR PERIOD YOU PROBABLY WANT TO SEE VERY CHANGE.

BUT AS YOU LOOK AT WHAT HAS HAPPENED IN THE LAST FOUR YEARS WITH THE SUPER YEAR'S INCLUDED ,IF THEY'RE ONLY GOING TO LOOK BACK AT THOSE SUPER YEARS AND KNOW AS WILLING TO TAKE INTO CONSIDERATION THE NEW MARKETS SO TO SPEAK, THINGS COULD GET OUT OF WHACK IN THE FUTURE SO AND I, I CAN CERTAINLY SPEAK WITH MHC ABOUT THE FEEDBACK I'M GETTING TODAY BECAUSE I HAVE THE SAME CONCERNS AS WE WERE WORKING THE STUDY. OBVIOUSLY THE NEXT THREE YEARS WOULD BE THROUGH A PANDEMIC TIME UNPRECEDENTED TO ME IT WOULD SEEM FAIR TO MAYBE SPREAD THAT OUT A LITTLE MORE, YOU KNOW. YEAH.

ANOTHER QUICK IT WILL PRESUMABLY BE MAKING A SIMILAR PRESENTATION TO TOWN COUNCIL IF THIS COMMITTEE MOVES FORWARD AND WHEN I SEE A NEGATIVE NUMBER $32,000 A POLITICAL FLAG GOES UP SAYING A SECOND SOMEBODY IS GOING TO LOOK AT THAT AND SAY HEY, YOU KNOW, WE'VE GOT A PROBLEM HERE SO IT MIGHT BE GOOD HAVE MAYBE FIVE YEARS OF NUMBERS OR SOMETHING THAT SHOWS WHAT IS MAYBE NORMAL. OKAY.

AND THANK YOU RIGHT. ALL RIGHT. ANY PUBLIC COMMENT? YES, SIR, I KNOW VERY LITTLE. COME ON UP. PLEASE ORGANIZE SO WE CAN MAKE SURE WE GOT YOU ON RECORD. I WILL TRY TO KEEP MY EARPLUG IN BUT THAT'S OKAY.

ALL RIGHT. SO I KNOW VERY LITTLE ABOUT THIS SUBJECT AND, BUT I DO HAVE A COUPLE OF QUESTIONS. THEY MIGHT NOT BE GREAT QUESTIONS.

MAYBE THEY ARE. WHY IS ACCOMMODATIONS DOWN 31%? IS THAT WHAT I SHOWED 31% DOWN FOR ACCOMMODATIONS. THOSE ARE THE THAT'S THE INDUSTRY CALLED ACCOMMODATIONS AND THAT IS THE HOTELS AND THOSE TYPES OF BUSINESSES FOR BUSINESS LICENSES AND IS DOWN 31% DOES THAT MEAN PEOPLE THAT I NOT SURE ARE SAYING THAT AND THEN WHAT SHE'S FINE IN THAT THE OTHER QUESTION I HAVE WAS INTERNET TECHNOLOGY HOME BASED BUSINESSES HOME BASE BIG CORPORATION SATELLITE OFFICES I DON'T KNOW WHERE THAT WOULD COME IN OR EVEN IN ANY WAY TO EVEN CONTROL THAT. AND THEN THE OTHER QUESTION I HAVE WAS WHY WOULD FISHING AND HUNTING GO FROM CLASS TWO TO CLASS ONE? SO THOSE WERE MY THREE THREE QUESTIONS. OKAY. SO THE 31% THAT YOU'RE SEEING IF YOU LOOK AT THE THE LINE ACROSS WHEN WE DID THE ACTUAL COLLECTION REVENUE THIS YEAR IT WAS 194,000 PLUS. RIGHT. AND WHEN WE CHANGED THE CLASS TO THE REQUIRED CLASS IT GOES DOWN TO 132,000 AND SOME CHANGE.

RIGHT. SO THAT DIFFERENCE IS A 31% DECREASE AND THERE TAXES THAT WE WILL COLLECT THERE IF THEY'RE BEING FROM 22 TO 23 OR NO APRIL, I THINK WOULD BE

[00:20:07]

SO I THINK IT'S IMPORTANT TO REALIZE WHAT WE'RE DOING HERE FROM THE START AS FAR AS THE CHANGE. OKAY. OKAY.

SO I KNOW I ANSWERING THAT QUESTION JUST DID THAT DID YOU CAPTURE THAT OR DO I NEED TO GO A LITTLE FURTHER? THIS IS WHERE WE'RE DOING A CLASS CHANGE THAT WE WERE REQUIRED TO DO BY LAW AND IT CHANGED WHEN YOU CHANGE CLASSES IT CHANGES THE BUSINESS LICENSE TAX RATE AS WELL WHICH IMPACTS REVENUE, RIGHT? SO THIS IS THE RATE STUDY ANALYSIS OF WHAT WE COLLECTED IN THEIR CURRENT CLASS RATE AND THEN WE HAVE TO CHANGE THE CLASS RATE TO THE ONE WHAT HAPPENS THEN? SO THAT'S THIS ANALYSIS COMES FROM BECAUSE WE YOU KNOW THERE'S ONLY ONE WAY TO COMPARE APPLES TO APPLES.

WE DON'T KNOW WHAT THEY'RE GOING YOU KNOW, WE DON'T KNOW WHAT THEY'RE GOING TO REPORT US IN GROSS REVENUE. SO WE HAVE TO USE THE EXACT SAME NUMBERS AND THAT'S WHERE THE DIFFERENCE COMES FROM AND APRIL'S AVAILABLE FOR ANYONE FROM THE PUBLIC AFTER WE GET WITH TO GET INTO DEEPER THESE VERY EXCITING VERY EXCITING TOPICS WHAT I DON'T SEE THE OTHER ONE IS WHAT BUSINESS CLASSES YOU NOT COLLECT FROM I MEAN LIKE I HAVEN'T SEEN THIS IN SOME THAT WE KNOW WAY TO CONTROL HOME BASED BUSINESSES THERE'D BE NO WAY YOU COULD CONTROL YOU RUN A MULTIMILLION DOLLAR COMPANY OUT IN YOUR HOME TODAY WITH TECHNOLOGY AND INTERNET SO THERE'S NO WAY OF COLLECTING FROM THAT AS I GUESS AND IF YOU IDENTIFY THOSE OTHER AREAS THAT YOU COULD NOT COLLECT FROM THIS A NO WAY TO CONTROL IT SO HOME OCCUPATIONS ARE CLASSIFIED BY THE INDUSTRY'S STANDARDS HERE SO EVEN IF THEY'RE OPERATING FROM THEIR HOME IF THEY'RE AN I.T TECHNOLOGY PERSON THEN THEY'RE GOING TO FALL INTO THAT SECTOR WHETHER THEY'RE AT HOME OR A BUSINESS. THE CHANCES OF YOU GETTING THAT IS BETWEEN ZERO AND ZERO AND THAT'S MY JOB. I'M ALWAYS OUT THERE.

OKAY IF YOU KNOW ANYONE PLEASE TELL ME I'M HAPPY. GO AFTER THEM LOTS OF OKAY.

OKAY. ANYONE ELSE WANT TO ADDRESS COUNSEL ON THIS PARTICULAR TOPIC SO AND CNN WILL BRING IT BACK TO THE DAYS ANY FURTHER ESPECIALLY I CAN MAKE A MOTION OR I'M THAT THE ETHNIC COMMITTEE SIGNED ON TO COUNSEL AND THEN IN THE BUSINESS LICENSE UPDATE CLASS SCHEDULE AS REQUIRED ACT 176 OF 2020 BACK IN OLIVIERO THANK YOU FOR THE PRESENTATION ANSWERING THE QUESTIONS AND ALL RIGHT WE HAVE ANYTHING ELSE TO COVER TODAY? NO SIR WE DON'T. ALL RIGHT. SOUNDS GOOD.

YOU'LL FIND OURSELVES. THANK YOU. WELL, EXCELLENT JOB.

I'M

* This transcript was compiled from uncorrected Closed Captioning.