(Property Tax Allocation)

(a) The 20X7, 20X6, and 20X5 tax rates for the city of Yonker are:

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General Fund Library Fund Municipal Bonds-Redemptions Rate per $100 of Assessed Value 20X7 20X6 20X5 $1.20 .09 16 $1.45 20X7 levy 20X6 levy 20X5 levy. $1.00 .09 .20 $1.29 The total assessed value for 20X7 was $88,400,000. Compute the amount of taxes levied for each fund for 20X7. (b) Collections were made in 20X7 as follows: $1.10 .09 .18 $1.37 $1,000,000 100,000 50,000 $1,150,000 Compute the amount of collections applicable to each fund for each year.