Spreadsheet: 8ad43ea5-8f2c-4042-824b-a0f9534971e9
Sheet: Entries

Entries to record property taxes |  | n/a | n/a |  | n/a | n/a
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Jan 1 | Debit | GL 110 | Current Taxes Receivable
n/a | Credit | GL 235 | Deferred Revenue
n/a | n/a | To record current year levy as taxes receivable
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Jan 1 | Debit | GL 111 | Delinquent Taxes Receivable
n/a | Credit | GL 110 | Current Taxes Receivable
n/a | n/a | To transfer current taxes receivable to delinquent taxes
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Jan - July | Debit | GL 101 | Cash
n/a | Credit | GL 110 | Current Taxes Receivable
n/a | Credit | GL 111 | Delinquent Taxes Receivable
n/a | Credit | SRC 009 | Fiscal Disparities
n/a | Credit | SRC 014 | Taconite Homestead Credit
n/a | Credit | SRC 019 | Miscellaneous tax revenue
n/a | n/a | To record first half tax settlements received from counties
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June 30 | Debit | GL 235 | Deferred Revenue
n/a | Debit | GL 214 | Advance of Unearned Gened
n/a | Credit | SRC 001 | Tax Revenue
n/a | Credit | SRC 211 | Tax Revenue (Portions with Finance Codes)
n/a | n/a | To record current year tax shift
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n/a | Note:  Property tax shift entry shown on "Report" tab combines the June 30th entry to record the current year tax shift (entry just above this note) with the prior July 1st entry to reverse the prior year tax shift (entry similar to entry below, but for the previous July 1st). | n/a | n/a | n/a | n/a | n/a
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July 1 | Debit | SRC 001 | Tax Revenue
n/a | Debit | SRC 211 | Tax Revenue (Portions with Finance Codes)
n/a | Credit | GL 235 | Deferred Revenue
n/a | Debit | GL 214 | Advance of Unearned Gened
n/a | n/a | To reverse prior year tax shift
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July 1 | Debit | GL 235 | Deferred Revenue
n/a | Credit | SRC 001 | Tax Revenue
n/a | Credit | SRC 001 | Tax Revenue (Portions with Finance Codes)
n/a | n/a | To record levy revenue for current year
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July 1 | Debit | SRC 001 | Tax Revenue
n/a | Credit | GL 110 | Current Taxes Receivable
n/a | n/a | To reduce taxes receivable for amount to be paid by state credits
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July 1 | Debit | SRC 001 | Tax Revenue
n/a | Credit | GL 110 | Current Taxes Receivable
n/a | n/a | To reduce taxes receivable for amount to be paid by fiscal disparities
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July 1 | Debit | SRC 001 | Tax Revenue
n/a | Credit | GL 110 | Current Taxes Receivable
n/a | n/a | To reduce taxes receivable for amount to be paid by taconite homestead credit
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July 1 | Debit/Credit | SRC 001 | Tax Revenue
n/a | Credit/Debit | GL 110 | Current Taxes Receivable
n/a | n/a | To adjust taxes receivable for county auditor adjustments
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Oct - Jan | Debit | GL 101 | Cash
n/a | Credit | GL 110 | Current Taxes Receivable
n/a | Credit | GL 111 | Delinquent Taxes Receivable
n/a | Credit | GL 009 | Fiscal Disparities
n/a | Credit | GL 014 | Taconite Homestead Credit
n/a | Credit | SRC 019 | Miscellaneous tax revenue
n/a | n/a | To record second half tax settlements received from counties
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June 30 | Debit | SRC 001 | Tax Revenue
n/a | Credit | GL 111 | Delinquent Taxes Receivable
n/a | n/a | To reduce taxes receivable for abatements
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June 30 | Debit | SRC 001 | Tax Revenue
n/a | Credit | GL 111 | Delinquent Taxes Receivable
n/a | n/a | To reduce taxes receivable for seventh-year write offs
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June 30 | Debit/Credit | SRC 001 | Tax Revenue
n/a | Credit/Debit | GL 231 | Deferred Revenue--Delinquent Taxes
n/a | n/a | To adjust deferred revenue for delinquent taxes
End of worksheet