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Schedule 27
<br /> Cabarrus County, North Carolina
<br /> Schedule of Ad Valorem Taxes Receivable
<br /> June 30, 2009
<br /> Fiscal Year Uncollected Collections Uncollected
<br />' Ended Balance and Balance
<br />€ June 30 June 30.2008 Additions Credits June 30.2009
<br />} 2009 $ - $132,819,077 $130,244,108 2,574,969
<br /> 2008 1,699,728 - 1,309,575 390,153
<br /> 2007 433,811 - 150,460 283,351
<br /> 2006 326,839 - 70,060 256,779
<br />
<br />i 2005 218,223 - 123,038 95,185
<br />i
<br />2004
<br />765,553
<br />-
<br />668,292
<br />97,261
<br /> 2003 185,832 - 16,244 169,588
<br /> 2002 81,782 - 11,595 70,187
<br /> 2001 56,626 - 3,093 53,533
<br /> 2000 60,887 - 1,898 58,989
<br /> 1999 45,952 - 45,952 -
<br /> $ 3,875,233 $ 132,819,077 $ 132,644,315 $ 4,049,995
<br />
<br /> Less: allowance for uncollectible accounts (1,643,010)
<br /> Ad valorem taxes receivable -net $ 2,406,985
<br /> Reconcilement with revenues:
<br />
<br /> Ad valorem taxes -General Fund $ 131,733,977
<br /> Interest collected on ad valorem taxes -General Fund 549,272
<br />Reconciling items:
<br />Penalties collected on ad valorem taxes -General Fund 272,860
<br />Taxes written off 140,205
<br />Abatements 499,756
<br />Collections of taxes over 10 years old (2,483)
<br />Collections of interest (549,272)
<br />Total collections and credits $ 132,644,315
<br />c
<br />105 Attachment number 3
<br />G-8 Page 382
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