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Approved by the Board of Commissioners: December 16, 2025 DELINQUENT TAX REVOLVING FUND (DTRF) I. PURPOSE: The purposes of this Policy are: i. To formulate a written County policy for making planned annual transfers from the Otsego County Delinquent Tax Revolving Fund (DTRF) into the General Fund while maintaining adequate reserves within the DTRF and to assure the continuation of the self-funding status of the DTRF. ii. To self-fund utilizing available resources within the DTRF without borrowing, provided sufficient funds are available. iii. This Policy fully recognizes the proposition that unless adequate financial resources remain in the DTRF, it is impossible to predict with any certainty, whether it would be feasible for the County to maintain and to continue the self-funding of the DTRF. II. AUTHORITY: Otsego County Board of Commissioners. III. APPLICATION: This policy applies to the Otsego County Treasurer. IV. RESPONSIBILITY: It is the Otsego County Treasurer’s responsibility to implement this policy. V. POLICY: Annual Mechanics i. On or before August 15th of each year, the County Treasurer will determine whether there is available cash and investments on hand within the DTRF. In order to make this determination, the Treasurer will take into account the following: a. The amounts that have been collected and are on hand in the form of cash and investments, and current projections as to the collections which are expected. b. Other factors which may affect the ability of the County to continue to self-fund the DTRF. c. Potential changes in the law authorizing the County to continue the DTRF or in the Federal Tax Laws which might have an impact on the maintenance of reserves. ii. Once the County Treasurer has determined the existence of available funds (or lack thereof) within the DTRF, the County Treasurer shall recommend to the Board of Commissioners the minimum to be held in the DTRF, the minimum of which shall not be less than 2.25 times the prior four years’ rolling delinquency average. The County Treasurer shall further advise the Board of Commissioners as to any amounts available, above the minimum for transfer to the General Fund, for the next fiscal year beginning January 1st. iii. The actual transfer of cash, if any, within the DTRF to the County’s General Fund will be made on or before September 1st of each year. Adopted: October 22, 2024 Amended: November 21, 2025