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    Vote Sophie Yan Song,CPA for

    State Assembly AD 26 2024 to represent your voice , to increase transparency in Cities and State Agencies financial reporting, improve public safety, provide education, enable more entreprenurers

     

    I am here to

    1. Ensure sales taxes $$$ charged to consumers can build better transportation, create more jobs that can afford housing. Stop paying billions to richese people in the world undertable.
    2. Protect Parents' right to educate their kids.
    3. Restore safety in communities rich, restore public safety, stop robbery, improve education, create jobs and housing

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    Greetings, I'm Sophie Yan Song, CPA. I was appointed as audit committee member in Cupertino for three years. I resigned to run for State Assembly in November 2023.

     

    Following the Enron scandal, Congress introduced the Sarbanes-Oxley Act to ensure that public companies maintain robust internal controls for accurate financial reporting. However, I was surprised to discover a lack of such controls in California cities, hindering transparency in their financial statements.

     

     

    For your convenience, here's the link to access the data: [CDTFA Open Data Portal - Local Tax Distributions](https://www.cdtfa.ca.gov/dataportal/dataset.htm?url=SUTDRevDistCityCounty). You can download a sortable Excel spreadsheet to filter the requested data.

    Annual Reports of Cities of Santa Clara County

     

  • A list of Fisical Year ending at June 30 2022,

    Santa Clara cities sales tax revenue and reported amount

    Details can be downloaded by clicking this button.

  • 20 Million Discrepancy

    based on sample test of year 2022 ACFR reported by 15 cities

    13.3M

    City of Cupertino Underreported Sales tax income from CDTFA

    $6.1M

    City of San Jose Under reported sales tax income from CDTFA

    $1M

    City of Santa Clara Under reported sales tax income from CDTFA

    $20M

    Total under reported revenue in Santa Clara County

  • Why 20 Million revenue disappeared?

    13.3M

    City of Cupertino paid to BAZ, a company owned by Apple and Insight Inc for tax consulting services.

     

    $6.1M

    9Million was paid to Ebay.

    $1M

    Will follow up with City of Santa Clara

  • Internal Control Issues in California Cities governance

    How Enron bankkrupt and Why revenue can disappeared and nobody in the public knew about it?

    1

    It is a closed loop when the City manager, City Finance and HR have the power to hire auditors to audit the city accordign to the municipal code drafted by City Planner. this is called lack of entity level control. The Audit Committee should be funded and hire auditor to audit the city.

    2

    When Municipal Code of the City is written by city staff and City attorney so that no one City Official can investigate City's financial transactions, this is called Conflict of Interest.

    3

    When public members, city council members and Audit Committee members were not informed or advised of the liabilities of the agreement signed, and were not advised of the nature of the transaction, never heard of the actual payments made, significant transactions were never reported in the treasurer's report, these transactions are called Unauthorized Transactions.

    4

    When Fraud Hotlines were directed to City Manager, City attorney and auditors hired by the City Manager, fraud will not be investigated. this is called lack of Segregation of Duties.  

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