Agenda - 10-16-2012 - 8b - Laserfiche WebLink

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1 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: October 16, 2012 Action Agenda Item No. 8-b SUBJECT: Tax Collector's Monthly Report DEPARTMENT: Tax Administration PUBLIC HEARING: (Y/N) No ATTACHMENT(S): INFORMATION CONTACT: Spreadsheets Dwane Brinson, Tax Administrator, (919) 245-2109 PURPOSE: To present a monthly report to the Board showing the amount collected on each year's taxes charged during settlement, remaining uncollected, and steps being taken to collect the uncollected amount. BACKGROUND: North Carolina General Statute 105 — 350 contains a list of requirements imposed on County Tax Collectors. One duty is to submit a report to the governing body at each of its regular meetings showing the (1) amount collected on each year's taxes charged during annual settlement, (2) amount remaining uncollected, and (3) steps being taken to encourage or enforce payment of uncollected taxes. Tax Administration's report will transcend basic statutory requirements as it will provide an updated current year collection percentage and juxtapose last year's performance with the current year's through the same time period. However, while timing of payments between July and January, especially from large taxpayers, may raise concerns on the surface, the Orange County Tax Collector will research anomalies and provide explanations as needed to the BOCC. A foremost goal of this statutory duty is to provide transparency to the BOCC and public regarding tax collection efforts, and to retain a firm grasp on the efficacy of budgeted property tax revenues. The Orange County Tax Collector submits these reports in good faith, and final reconciliation of tax collection numbers will be performed annually after fiscal year end in preparation for settlement and audits. FINANCIAL IMPACT: There is no financial impact associated with receiving this report. RECOMMENDATION(S): The Manager recommends the Board receive the Tax Collector's Monthly Report.