Discussion and possible action to create additional custodial fiduciary funds for the Tax Assessor/Collector for motor vehicle tax collections and taxing entities jurisdictions; and any other matters incident thereto.
Issue: The Tax Assessor/Collector has one custodial fiduciary fund for motor vehicle tax collections and taxing entities jurisdictions.
Solution: Create custodial fiduciary funds to account and segregate resources related to specific activities or purpose by fund.
Result: To account for Tax Assessor/Collector tax collections receipts and the distributions to the County funds and other taxing jurisdictions by fund.