|
INFORMATION ITEM
<br />Tax Collector's Report - Numerical Analysis
<br />� C v Date -n rt: November , 2013
<br />Tax Year 2013
<br />Amount Charged in
<br />FY 13 -14
<br />Amount Collected
<br />Accounts Receivable*
<br />Amount Budgeted in
<br />FY 13 -14
<br />Remaining Budget
<br />%of Budget
<br />Collected
<br />Current Year Taxes
<br />$ 137,868,792.00
<br />70,626,729.27
<br />$ 62,652,582.29
<br />$ 137,868,792.00
<br />$ 67,242,062.73
<br />51.52%
<br />*Current Year VTS Taxes
<br />Current Year Taxes
<br />402,790.83
<br />135,068,463.00
<br />60,161,343.75
<br />$ 74,200,057.60
<br />$
<br />Prior Year Taxes
<br />$ 4,163,721.00
<br />1,023,532.70
<br />$ 3,114,161.32
<br />$ 994,130.00
<br />$ (29,402.70)
<br />102.96%
<br />Total
<br />$ 142,032,513.00
<br />72,053,052.80
<br />$ 65,766,743.61
<br />$ 138,862,922.00
<br />$ 67,212,660.03
<br />1 51.89%
<br />Current Year Overall Collection 1 t t t:t • r •:t • r •:t • r •:t • r •:t • r •:t • r •:t r r r:t t
<br />Current �tttttttttttttttttttttttttttttttt
<br />ar Overall Collection Percentage • t
<br />t:t tt t t tt t t tt t t tt t t tt t t tt t t tt t t tt t
<br />*Effective with September 2013 vehicle registration renewals, the Orange County Tax Office will generally no longer bill and collect for registered motor
<br />vehicles. This is in accordance with new State law, House Bill 1779. In an effort of full transparency, the tax office has modified its Collector's Report
<br />format to include taxes billed and collected through the new Vehicle Tax System (VTS). Including this figure will show the Collector's progress toward
<br />meeting the overall tax revenue budget. Note that reconciliation for these taxes is monthly, so this figure will not change with each report.
<br />November collections from the Vehicle Tax System (VTS) is not included in this report. Counties are working with the NC Department of Revenue (NCDOR)
<br />and NC Department of Transportation (NCDOT) to balance the VTS collections report for November.
<br />Amount Charged in
<br />Amount Budgeted in
<br />%of Budget
<br />Tax Year 2012
<br />FY 12 -13
<br />Amount Collected
<br />Accounts Receivable
<br />FY 12 -13
<br />Remaining Budget
<br />Collected
<br />Current Year Taxes
<br />$
<br />135,068,463.00
<br />60,161,343.75
<br />$ 74,200,057.60
<br />$
<br />135,068,463.00
<br />$ 74,907,119.25
<br />44.54%
<br />Prior Year Taxes
<br />$
<br />4,026,736.27
<br />990,904.88
<br />$ 2,740,383.63
<br />$
<br />994,130.00
<br />$ 3,225.12
<br />99.68%
<br />Total
<br />$
<br />139,095,199.27
<br />61,152,248.63
<br />$ 76,940,441.23
<br />$
<br />136,062,593.00
<br />$ 74,910,344.37
<br />44.94%
<br />Current Year Overall Collection 1 t t t:t • r •:t • r •:t • r •:t • r •:t • r •:t • r •:t r r r:t t
<br />Current �tttttttttttttttttttttttttttttttt
<br />ar Overall Collection Percentage • t
<br />t:t tt t t tt t t tt t t tt t t tt t t tt t t tt t t tt t
<br />*Effective with September 2013 vehicle registration renewals, the Orange County Tax Office will generally no longer bill and collect for registered motor
<br />vehicles. This is in accordance with new State law, House Bill 1779. In an effort of full transparency, the tax office has modified its Collector's Report
<br />format to include taxes billed and collected through the new Vehicle Tax System (VTS). Including this figure will show the Collector's progress toward
<br />meeting the overall tax revenue budget. Note that reconciliation for these taxes is monthly, so this figure will not change with each report.
<br />November collections from the Vehicle Tax System (VTS) is not included in this report. Counties are working with the NC Department of Revenue (NCDOR)
<br />and NC Department of Transportation (NCDOT) to balance the VTS collections report for November.
<br />
|