FINANCIAL BUSINESS REQUEST (FBR)
Motion/Request:
title
MOTION to transfer tax accounts in the amount of $60,136.02 listed in the report dated May 31, 2023, to the "Suspense File".
In addition, authorize the transfer of non-refundable over payments in the amount of $7,665.82 to the general fund listed in the report dated May 31, 2023.
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Background:
As part of year-end housekeeping the Tax Collector presents a list of accounts classified as "uncollectable" to be transferred to the "suspense list".
This action would remove the taxes from an active status to a non-active status. However, the accounts that are being transferred would remain in the tax roll and would be flagged as a "Suspense Item".
With the exception of bankruptcy or deceased, the remaining bills would be sent to a collection agency and would remain on the tax rolls for fifteen years from their due date.
As a comparison last year (FY 21/22) the Suspense File was $53,647.25.
Overpayments:
Per state statute sec.12-129, over payments over three years old cannot be refunded and over payments under $5.00 may not be refunded. The amount submitted to be transferred to the general Fund for the Fiscal Year 2022/2023 was in the amount of $7,665,82.
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Department Comment/Recommendation:
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Finance Director Comment/Recommendation:
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Mayor Comment/Recommendation:
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Meeting Action Detail:
Town Council Meeting 06/14/2023:
File #: 23-1677 Version: 1
Type: Financial Business Request (FBR)
Title:
MOTION to transfer tax accounts in the amount of $60,136.02 listed in the report dated May 31, 2023, to the "Suspense File".
In addition, authorize the transfer of non-refundable over payments in the amount of $7,665.82 to the general fund listed in the report dated May 31, 2023.
Moved: Ingalls Seconded: McGrattan
Action: Approved and so Declared
Minute Note:
Consent Calendar Item
VOTE: 7 - 0 Approved and so Declared
Coun...
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