2 . [Para . 8 - 6 - 21 Delinquent taxes and related interest and penalties were collected during the year for the taxing authorities shown below : Delinquent Interest and Governments / Funds : Taxes Penalties Total City of Smithville General Fund 360, 000 $ 34, 270 $ 394, 270 Smithville CSD 722, 650 57, 810 780, 460 Smith County* 285, 410 22, 830 3.08, 240 Smith County FPD 162. 560 13. 050 175, 610 Total collected $ 1 , 530, 620 $127, 950 $ 1, 658, 580 Required : Record the collections of delinquent taxes and interest and penalties by recognizing specific liabilities to each fund or government . The 1 percent collection fee should be deducted from the amounts due to other governments* the total amount deducted from other governments should be added to the amount due to the City of Smithville General Fund . ( Note : Round all amounts to the nearest whole dollar . ) Make these entries only in the Tax Agency Fund general journal . The Tax Agency Fund records the total amount of delinquent taxes and related interest and penalties in the Taxes Receivable for Other Funds and Governments - Delinquent account . ( Note : All cash receipts and collection fees were recorded in earlier chapters in the journals for the General Fund and governmental activities at the government - wide level . The collection fees , though not separately identified , were included in Revenues - Charges for Services in the General Fund and in Program Revenues - General Government - Charges for Services in governmental activities . )