Che QE 7-3 Agency Funds 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 $18,250,000 6,000,000 4,000,000 18,250,000 4,800,000 $51,300,000 Town of Thomas Town of Hart Benton County School District Various Special Districts 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: $ 8,750,000 3,680,000 2,400,ee0 ,750,000 1.124.000 Benton County General Fund Town of Thomas Town of Hart Benton County School District Various Snerial Districts To record entry for tax receivables. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 To record entry for cash collection of tax receivables. Note: Enter debits before credits. Transaction General Journal Debit Credit To record entry for dues from tax agency fund. Note: Enter debits before credits. Transaction General Journal Debit Credit 2