Benton County maintains a tax agency fund for use by the County Treasurer to record receivables, collections, and disbursements of all property tax collections to all other units of government in the county. For FY 2016-2017, the following taxes were assessed Benton County General Fund Town of Thomas Town of Hart Benton County School District Various Special Districts $18,250,000 6,000,0ee 4,000,000 18,250,000 4,800,000 $51,300,000 Total During the first six months of the fiscal year, the following transactions took place 1. The tax levy became effective. All units of government provided for an estimated 2 percent in uncollectible taxes. 2. Cash collections of the first installment of taxes were as follows Benton County General Fund Town of Thomas Town of Hart Benton County School District Various Special Districts $ 8,750,000 3,600,000 2,400,000 8,750,000 1.124,000 $24, 624,000 Total 3. Record the liability to the other governmental units, assuming that the county General Fund charges other governments 1.5 percent of all tax collected because the county General Fund incurs all costs of billing, recording, and collecting taxes 4. Cash was paid to the various governmental units