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DESCRIPTION OF THE FINAL SETTLEMENT SHEET The Left Side is Tax Due Original Amount Due: Original Real Estate & Railroad Tax Extended for Current Year Supplements: Additional Tax Due from Corrections/Industrial Abatements Cancellation: Decrease to Original Tax Due from Corrections/Industrial Abatements Abatements: Taxing Body Adjustments-type Abatement. Lowers Tax Due Mobile Home: Mobile Home Tax Due (net of all corrections) Road & Bridge Trans: Total amount of tax money transferred to/from Road Districts to Municipalities Misc. Adjustments: Adjustments to taxing bodies for Current Year taxes Adjusted Amount Due: Totals all above columns to give the adjusted amount to collect if all Current Year taxes were paid in full Prior Year RE Tax: The amount of pre Current Year tax collected and distributed for Current Year cycle Prior Year MH Tax: The amount of pre Current Year mobile home tax collected and distributed for Current Year cycle Prior Year Misc Adj: Any pre Current Year taxing body adjustments distributed in this cycle but added in a prior year Total Amount Due: Sum of all the above The Right Side is Tax Collected. Must account for everything in the due side. Real Estate: Total amount of Current Year real estate taxes collected and distributed Mobile Home: Total amount of Current Year mobile home taxes collected and distributed this cycle Misc. Adjustments: Taxing body adjustments that were distributed for Current Year cycle Prior Year RE Tax: Amount of pre Current Year tax collected and distributed for Current Year cycle Prior Year MH Tax: Amount of pre Current Year mobile home tax collected and distributed for Current Year Prior Year Misc Adj: Amount of pre Current Year adjustments distributed for the Current Year cycle Abatements: Taxing Body Adjustment abatements distributed for Current Year cycle Total Collected: Total collected and distributed for the Current Year cycle Hold back: Any money held back from distribution for Current Year cycle County Trustee: Trustee took in tax sale (current year taxes only) Forfeited Tax: Any Current Year tax that was not paid or sold Total: Sum of all the above - the amount collected and distributed to each district The total on the right side should equal the total and the left side Interest Distribution: Should be empty right now as we haven’t done one. Distribution Summary: This is gathered from the check register and will list all the distributions. The sum of the distributions here should equal the total of the Amt Prev Distrib: column at the fund level below. Fund Level Data: Fund Name and Number Amount Collected: Total amount collected by the district for each fund incl. back taxes AMT Prev Distrib: Amount of collected money distributed prior to this distribution Current Distrib: Amount of collected money in this distribution Amt. Available: Should be zero as there is no hold back County Interest: Should be zero a no interest distribution for Current Year has been done yet Township Interest: Should be zero always unless interest distribution is done by township. NOTE: Amt Collected = Amt Prev Distrib + Current Distrib Road & Bridge Transfer This shows how much money was supposed to transfer if 100% collected and how much money did transfer. If the district is a Road District, the transfer amount will be negative as it reduced the amount of money the district keeps. If the district is a Municipality, it is a positive amount because it increases the amount of collection the district receives. This section tells which district collected and which district received the transfer.