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Orange County uses a custodial fund to collect property taxes for other governments within the county. Orange County General Fund employees handle the collections and

image text in transcribed Orange County uses a custodial fund to collect property taxes for other governments within the county. Orange County General Fund employees handle the collections and a 2.5% collection fee is charged to all units except the county. This collection fee is recorded as revenue in the Orange County General Fund Assuming the following collections, the total amount of revenue recognized by the Orange County General Fund would be: Entity Collections Orange County $4.000.000 Independent School District other government) $9.000.000 Local Municipality (other government $8.000.000 O $4,425,000 90 O $3.500.000 O $4325.000 $3.900.000 Z S X Alt C R F B M

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