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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, <br />It relieves the tax collector for personal liability. Insolvent accounts are recharged to the <br />collector as delinquent accounts, and the collector has full authority to use levy and <br />garnishment to effect their collection, Included in the printed material is the first page of each of <br />these reports. The tax collector has provided three computer disks to the Clerk to the Board <br />containing a complete accounting of each of these three reports. <br />There are also two settlement reports, The first settlement report shows all taxes charged far <br />collection for 2004-2005 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 2004-2005 fiscal year, <br />FINANCIAL IMPACT: There is no financial impact associated with accepting the tax collector's <br />settlement, <br />RECOMMENDATION(S): The Manager recommends that the tax collector's settlement be <br />accepted as reported and entered upon the minutes, <br />