HomeMy WebLinkAboutAgenda - 11-19-2013-13 (2)INFORMATION ITEM
Tax Collector's Report - Numerical Analysis
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1-_ c v Dare -n rt: November IL, 2013
Tax Year 2013
Amount Charged in
FY 13 -14
Amount Collected
Accounts Receivable*
Amount Budgeted in
FY 13 -14
Remaining Budget
%of Budget
Collected
Current Year Taxes
$ 137,868,792.00
32,212,891.15
$ 100,882,009.89
$ 137,868,792.00
$ 105,655,900.85
23.66%
*Current Year VTS Taxes
Current Year Taxes
402,790.83
135,068,463.00
28,318,288.58
$ 105,214,779.11
$
Prior Year Taxes
$ 4,163,721.00
930,123.66
$ 3,209,365.98
$ 994,130.00
$ 64,006.34
93.56%
Total
$ 142,032,513.00
33,545,805.64
$ 104,091,375.87
$ 138,862,922.00
$ 105,719,907.19
24.16%
Current • . • . • 2013 Percentage .. . • t t t:t • r •:t • r •:t • r •:t • r •:t • r •:t • r •:t r r r:t F
Current �tttttttttttttttttttttttttttttttt
Year
*Effective with September 2013 vehicle registration renewals, the Orange County Tax Office will generally no longer bill and collect for registered motor
vehicles. This is in accordance with new State law, House Bill 1779. In an effort of full transparency, the tax office has modified its Collector's Report
format to include taxes billed and collected through the new Vehicle Tax System (VTS). Including this figure will show the Collector's progress toward
meeting the overall tax revenue budget. Note that reconciliation for these taxes is monthly, so this figure will not change with each report.
Amount Charged in
Amount Budgeted in
%of Budget
Tax Year 2012
FY 12 -13
Amount Collected
Accounts Receivable
FY 12 -13
Remaining Budget
Collected
Current Year Taxes
$
135,068,463.00
28,318,288.58
$ 105,214,779.11
$
135,068,463.00
$ 106,750,174.42
20.97%
Prior Year Taxes
$
4,026,736.27
938,161.53
$ 2,819,359.19
$
994,130.00
$ 55,968.47
94.37%
Total
$
139,095,199.27
29,256,450.11
$ 108,034,138.30
$
136,062,593.00
$ 106,806,142.89
21.50%
Current • . • . • 2013 Percentage .. . • t t t:t • r •:t • r •:t • r •:t • r •:t • r •:t • r •:t r r r:t F
Current �tttttttttttttttttttttttttttttttt
Year
*Effective with September 2013 vehicle registration renewals, the Orange County Tax Office will generally no longer bill and collect for registered motor
vehicles. This is in accordance with new State law, House Bill 1779. In an effort of full transparency, the tax office has modified its Collector's Report
format to include taxes billed and collected through the new Vehicle Tax System (VTS). Including this figure will show the Collector's progress toward
meeting the overall tax revenue budget. Note that reconciliation for these taxes is monthly, so this figure will not change with each report.