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HomeMy WebLinkAboutAgenda - 11-06-2014-13 (2)INFORMATION ITEM Tax Collector's Report - Numerical Analysis Effective Date of Report: October 16, 2014 Tax Year 2014 Amount Charged in FY 14 -15 Amount Collected ts Receivable* Amount Budgeted in FY 14 -15 Remaining Budget %of Budget Collected Current Year Taxes $ 135,734,649.00 17,697,199.96 14,916,682.61 $ 135,734,649.00 $ 118,037,449.04 0.13% P"Year $ 3,764,940.44 650,512.90 Lccou,n 3,088,499.18 $ 994,130.00 $ 343,617.10 65.44% $ 139,499,589.44 18,347,712.86 18,005,181.79 $ 136,728,779.00 $ 118,381,066.14 13.42% 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 $ 130,682,492.00 18,936,919.92 $ 109,845,917.96 $ 130,682,492.00 $ 111,745,572.08 14.49% Prior Year Taxes $ 4,163,721.00 355,916.62 $ 2,180,241.95 $ 994,130.00 $ 638,213.38 35.80% Total $ 134,846,213.00 19,292,836.54 $ 112,026,159.91 $ 131,676,622.00 $ 112,383,785.46 14.65% Current Year Overall Collection Percentage Tax Year 2014 13.46% Current Year Overall Collection Percentage Tax Year 2013 14.74% *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. This report does not include levy and collections for RMV taxes for FY 14 -15. Therefore, RMV figures have been removed from FY 13 -14 numbers for comparison.