ACCELERATED TAX SALE - CHAPTER 99
Calculation To Utilize Proceeds In Current Budget As Deduction
To Reserve For Uncollected Taxes Appropriation
Note: This sheet should be completed only if you are conducting an accelerated tax sale for the first time in the current year.
- A.Reserve for Uncollected Taxes (sheet 25, Item 12)
- $_____
- B.Reserve for Uncollected Taxes Exclusion
Outstanding Balance of Delinquent Taxes
(sheet 26, Item 14A) x % of
Collection (Item 16)
- C.TIMES: % of increase of Amount to be Raised by Taxes over Prior Year ___ % [(2012 Estimated Total Levy - 2011 Total Levy)/2011 Total Levy]
- D.Reserve for Uncollected Taxes Exclusion Amount $___
- D.Reserve for Uncollected Taxes Exclusion Amount [(B x C) + B]
- E.Net Reserve for Uncollected Taxes Appropriation in Current Budget (A - D)
- 2012 Reserve for Uncollected Taxes Appropriation Calculation (Actual)
- Subtotal General Appropriations (item8(L) budget sheet 29)
- Taxes not Included in the budget (AFS 25, items 2 thru 7)
Total
- Less: Anticipated Revenues (item 5, budget sheet 11)
- Cash Required
- Total Required at _____% (items 4+6)
- Reserve for Uncollected Taxes (item E above)
Sheet 25a