NOTES TO FINANCIAL STATEMENTS

NOTE 5. RECEIVABLES

Receivables at July 31, 2017 for the City’s individual major funds and nonmajor funds in the aggregate, including the applicable allowances for uncollectible accounts are as follows:

NOTE 6. PROPERTY TAXES

The City receives its property tax revenue from Fayette County, which assesses, levies, and collects the taxes, including real and personal property, mobile homes, and motor vehicles. Tax bills were levied to taxpayers on August 24, 2017, and were due and payable on November 15, 2017. All unpaid taxes became delinquent as of November 16, 2017. Property taxes attached as an enforceable lien on property as of January 15, 2018. Receivables are recorded when taxes are levied.