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2 <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. The tax collector has provided computer disks to the <br /> Clerk to the Board containing a complete accounting of each list. <br /> There are also two settlement reports. The first settlement report shows all taxes charged for <br /> collection for 2001-2002 fiscal year. The tax collector is credited with all sums representing <br /> taxes collected and deposited, the principal 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 2001-2002 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 />