Monterey Peninsula College Agenda Regular Governing Board Meeting 2026-05-27
Eide Bailly Secures $6.48M Employee Retention Tax Credit for MPC
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Description
Monterey Peninsula College confirmed completion of an engagement with Eide Bailly LLC to secure an employee retention tax credit, yielding $6,481,705 in revenue. The 2025–26 budget amendment recognizes the inflow and related preparation fees within the OPEB Fund.
Contract Details
Contract Amount
Preparation fee funded from $6,481,705 tax credit proceeds (exact fee not separately stated)
Vendor
EIDE BAILLY LLC
Agency
Monterey Peninsula College, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Renewal Info
One-time engagement to file for an employee retention tax credit; now completed with budget adjustments to reflect revenue and fees.
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