Page 215 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem
P. 215
City of Winston-Salem, North Carolina
Schedule of Ad Valorem Taxes Receivable
June 30, 2018 Table 13
Fiscal
Year Uncollected Uncollected
Ended Balance Collections Balance
June 30 June 30, 2017 Additions and Credits June 30, 2018
2018 $ - $ 131,824,477 $ 130,807,225 $ 1,017,252
2017 1,029,129 - 643,092 386,037
2016 320,283 - 108,834 211,449
2015 236,098 - 62,109 173,989
2014 443,048 - 282,168 160,880
2013 178,263 - 31,057 147,206
2012 141,404 - 19,367 122,037
2011 129,925 - 14,149 115,776
2010 110,185 - 8,271 101,914
2009 94,565 - 6,047 88,518
$ 2,682,900 $ 131,824,477 $ 131,982,319 2,525,058
Less: allowance for uncollectible accounts: (1,516,236)
Ad valorem taxes receivable - net $ 1,008,822
Reconciliation to revenues:
Collections and credits $ 131,982,319
Prior years Adj. and Releases (310,208)
Taxes written off (227,452)
Ad valorem taxes 131,444,659
Reconciling items:
Refunds (49,131)
Interest 410,599
Unearned tax revenue 1,425
Subtotal 362,893
Total property tax revenues $ 131,807,552
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