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Notification From Tax Collector Announcing Return of Excess Funds for FY 2021-2022
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BRIEF OVERVIEW
Per Florida Statute 218.36, excess funds are to be proportionately returned to each governmental unit. For fiscal year ended September 30, 2022, Sally L. Daniel, Hernando County Tax Collector, will return $2,293,545.01 to the Board of County Commissioners.
FINANCIAL IMPACT
Excess funds returned to the Board in the amount of $2,293,545.01 of which $1,608,726.46 will be returned to the General Fund. See attached distribution.
LEGAL NOTE
This transfer of excess funds to the Board of County Commissioners is made pursuant to § 218.36(2), F.S.
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RECOMMENDATION
For informational purposes only; no action is required.