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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 far 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. Included in the printed material is the first page of each of these reports. Also <br />provided are three diskettes containing a complete accounting of each list.. <br />There are two settlement reports. The first settlement report shows all taxes charged for <br />collection for 2005-2006 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 within the 2005-2006 fiscal year. <br />FINANCIAL IMPACT: None <br />RECOMMENDATION(S): The Manager recommends that the tax collector's settlement be <br />accepted as reported and entered upon the minutes.. <br />