• Clanton County collects property taxes for the City of Sanders, the City of Denton, and the
• Clanton County School District. The County established a tax agency fund to account for the
• property taxes it collects. Total tax levies of the three governmental units were $200,000 for
• the year, of which $60,000 was for the City of Sanders, $40,000 for Denton, and $100,000
• for the School District.
• The tax agency fund charges a 2% collection fee that it transfers to the General Fund of the
• County in order to cover costs incurred for agency fund operations. During the year the tax
• agency fund collected and remitted $150,000 of the $200,000 levies to the various
• governmental units. Collection fees associated with the $150,000 were remitted to Clanton
• County's General Fund prior to year-end.
• For the Clanton County Tax Agency Fund prepare the journal entries to record the taxes
• collected during the year and the remittances made to participating governments