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INFORMATION ITEM
<br />Tax Collector's Report - Numerical Analysis
<br />� eC. ive L L� �_
<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 />133,276,500.89
<br />$ 2,195,041.55
<br />$ 137,868,792.00
<br />$ (44,416.37)
<br />100.03%
<br />*Current Year VTS Taxes
<br />Current Year Taxes
<br />4,636,707.48
<br />135,068,463.00
<br />134,283,374.96
<br />$ 3,255,834.78
<br />$
<br />Prior Year Taxes
<br />$ 4,163,721.00
<br />1,679,817.13
<br />$ 2,343,355.34
<br />$ 994,130.00
<br />$ (685,687.13)
<br />168.97%
<br />Total
<br />$ 142,032,513.00
<br />139,593,025.50
<br />$ 4,538,396.89
<br />$ 138,862,922.00
<br />1 $ (730,103.50)1
<br />100.53%
<br />urrent Year Overall Collection Percentage Tax Year 2013
<br />urrent Year Overall Collection Percentage Tax Year 2012
<br />98.38%
<br />97.64%
<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 may not change with each report.
<br />Changed calculation for Remaining Budget to include subtracting the VTS Collections
<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 />134,283,374.96
<br />$ 3,255,834.78
<br />$
<br />135,068,463.00
<br />$ 785,088.04
<br />99.42%
<br />Prior Year Taxes
<br />$
<br />4,026,736.27
<br />1,473,121.18
<br />$ 2,158,822.08
<br />$
<br />994,130.00
<br />$ (478,991.18)
<br />148.18%
<br />Total
<br />$
<br />139,095,199.27
<br />135,756,496.14
<br />$ 5,414,656.86
<br />$
<br />136,062,593.00
<br />$ 306,096.86
<br />99.78%
<br />urrent Year Overall Collection Percentage Tax Year 2013
<br />urrent Year Overall Collection Percentage Tax Year 2012
<br />98.38%
<br />97.64%
<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 may not change with each report.
<br />Changed calculation for Remaining Budget to include subtracting the VTS Collections
<br />
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