Budget and Finance

Slide Willets on Monterey State Beach

Lauren Lai, CPA
Finance Director

Carol Bouchard, CGFM
Assistant Finance Director

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

(831) 646-3940

Accounts Payable
(831) 646-3943

(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

Successor Agency

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 Accomodation Facilities Tax, including Transient Occupancy Tax (TOT), and Utility Users Tax.

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

07 December 2018

Subscribe to City Budget News: Fiscal Health Response Plan - Let's Do It!

Subscribe to City Budget News to keep informed on this season's budget updates.

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A new biennial (two-year) budget will be passed by the City Council in June 2019.

10 May 2017
05/10/2017: New Online Business License Application -  Streamlines process for business owners

05/10/2017: New Online Business License Application - Streamlines process for business owners

Business owners can now apply for their business license using the City of Monterey’s  new Online Business License Application. This option will help streamline the process of applying and submitting applications to the Revenue Office . The online application is  convenient, the process is easy, and available any time.

Meet Monterey's New Finance Director, Lauren Lai

Lauren LaiAugust 27, 2018: We are pleased to welcome Ms. Lauren Lai as Monterey's New Finance Director. She is a California Certified Public Accountant (CPA) with 22 years of financial and government leadership experience. Lai was previously Finance Director for the City of Capitola and most recently at the City of Marina. In Marina, she led the City Council and executive team in successfully eliminating a 25% structural budget deficit, while maintaining existing service levels, establishing a 20% general fund emergency reserve and establishing a pension stabilization fund.  

In addition to a CPA license, Lai has a Bachelor of Science Degree in Accounting from San Jose State University, and is expected to earn a Master in Public Administration from the University of Missouri in 2020. She serves on the League of California Cities Tax and Revenue Policy Committee. For four years, she served as a leader of the Monterey Bay Chapter-California Society of Municipal Finance Officers.  She mentors and works closely with California State University of Monterey Bay aspiring accounting students on internships and career guidance.