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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 the necessary collection. Included with this abstract is the first page of <br />each of these reports. The tax collector has provided three computer disks to the Clerk to the <br />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 Fiscal Year 2002-2003. 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 2002-2003 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 />