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2 <br />the governing body to determine a tax to be insolvent and allow it as a credit in the collector's <br />settlement has no effect on the taxpayer's liability for the tax. The board's determination of <br />insolvency is not a release. The tax claim is not discharged or written off. The reason for <br />making the determination is solely to facilitate making annual settlement with the tax collector. It <br />relieves the tax collector for personal liability. Insolvent accounts are recharged to the collector <br />as delinquent accounts, and the collector has full authority to use levy and garnishment to effect <br />their collection. An electronic CD has been provided to the Clerk to the Board for the permanent <br />record of all outstanding tax by category. <br />There are two settlement reports for tax. The first settlement report shows all taxes charged for <br />collection for 2006-2007 fiscal year. The tax collector is credited with all sums representing <br />taxes collected and deposited, the principle amount of unpaid taxes on real property, and the <br />principal amount of unpaid taxes on personal property determined to be insolvent. All <br />uncollected taxes allowed as credits in a settlement are recharged to the tax collector. The <br />second settlement report shows all prior years' taxes collected, during the 2006-2007 fiscal <br />year. There is also a third report is for all other miscellaneous revenue charged to the Tax <br />Collector for collection during fiscal year 2006-2007. <br />FINANCIAL IMPACT: None <br />RECOMMENDATION(S): The Tax Collector submits for the Board of County Commissioners <br />approval and acceptance as reported for entry into the minutes. <br />