NOTES TO FINANCIAL STATEMENTS (continued): FOR THE YEAR ENDED DECEMBER 31, 2014

Note 5: Property Taxes (continued)

Delinquent Taxes and Tax Title Liens:

YEAR ENDED DECEMBER 31AMOUNT OF TAX TITLE LIENSAMOUNT OF DELINQUENT TAXESTOTAL DELINQUENTPERCENTAGE OF TAX LEVY
2014$ 2,335,043$ 1,909,409$ 4,244,4522.92%
20132,055,1821,876,0753,931,2572.77%
20121,845,0482,028,3733,873,4212.81%

Note: 6: Property Acquired By Tax Title Lien Liquidation

The value of property acquired by liquidation of tax title liens on December 31, on the basis of the last assessed valuation of such properties, for the current and previous two years was as follows:

YEARAMOUNT
2014$ 6,306,200
20136,318,700
20126,318,700

Note: 7: Fund Balance Appropriated

The following schedule details the amount of fund balance available at the end of the current year and four previous years and the amounts utilized in the subsequent year's budgets.

CURRENT FUND:

2014 $ 3,987,051 * *

YEAR BALANCE DECEMBER 31, UTILIZED IN BUDGET OF SUCCEEDING YEAR PERCENTAGE OF FUND BALANCE USED

2013 2,873,067 2,200,000 76.57%

2012 2,549,911 2,200,000 86.28%

2011 2,350,087 1,900,000 80.85%

2010 2,770,286 2,400,000 86.63%

*2015 budget not introduced at date of audit

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