he county collector of Suncoast County is responsible for
collecting all property taxes levied by funds and governments
within the boundaries of the county. To reimburse the county for
estimated administrative expenses of operating the tax agency fund,
the agency fund deducts 3.2 percent from the collections for the
town, the school district, and the other towns. The total amount
deducted is added to the collections for the county and remitted to
the Suncoast County General Fund. The following events occurred in
2017: 1. Current-year tax levies to be collected by the agency
were: County General Fund $ 10,503,000 Town of Bayshore General
Fund 4,925,000 Suncoast County Consolidated School District
6,635,000 Other towns 3,290,000 Total $ 25,353,000 2. $13,870,000
of current taxes was collected during the first half of 2017. 3.
Liabilities to all funds and governments as a result of the first
half-year collections were recorded. (A schedule of amounts
collected for each participant, showing the amount withheld for the
county General Fund and net amounts due the participants, is
recommended for determining amounts to be recorded for this
transaction.) 4. All cash in the tax agency fund was
distributed.
