At 12/31/2017 there was $358,125 in delinquent taxes. By 12/31/2018 the tax collector had collected $317,000 in 2017 delinquent taxes. On 12/31/2018, there was $382,457 in delinquent taxes.

a) What is the collection rate for the 2017 delinquent taxes?

b) What amount of 2018 delinquent taxes can be anticipated in the 2019 budget?

. Calculate the A) Minimum Principal Down-Payment on a Bond Anticipation Note for the 2020

Budget. The BAN was issued on June 1, 2016 for $5,000,000 and rolled over 2017, 2018 & 2019.

The BAN was for the Municipal Complex, which has a useful life of 30 years. The interest rate

On the BAN is currently 2%. The Current Outstanding Balance on the BAN is 12/31/19 $4,900,000. 

Minimum principal down payment?

How much interest do you have to appropriate in the 2020 Budget?

Interest Schedule?

Answer rating: 100% (QA)

1 The collection rate for the 2017 delinquent taxes is 8917 2 The amount of 2018 delinquent taxes th... View the full answer