Delinquent Interest and Governments / Funds : Taxes Penalties Total City of Smithville General Fund 3.35, 000 34, 270 $ 369 , 270 Smithville CSD 722, 650 57, 810 780, 460 Smith County* 459, 980 41, 400 501, 380 Smith County FPD 162. 560 13, 050 175, 610 Total collected $ 1. 6.80, 190 $ 1 46 , 530 $ 1, 826, 720 Required : Record the collections of delinquent taxes and interest and penalties by recognizing specific liabilities to each fund or government . The 1 percent collection fee should be deducted from the amounts due to other governments ; the total amount deducted from other governments should be added to the amount due to the City of Smithville General Fund . ( Note : Round all amounts to the nearest whole dollar . ) Make* these entries only in the Tax Agency Fund general journal . The Tax Agency Fund records the total amount of delinquent taxes and related interest and penalties in the* Taxes Receivable for Other Funds and Governments - Delinquent account . ( Note : All cash receipts and collection fees were recorded in earlier chapters in the journals for the General Fund and governmental activities at the government - wide level . The collection fees , though not separately identified , were included in Revenues - Charges for Services in the General Fund and in Program Revenues - General Government - Charges for Services in governmental activities . )