BREWER & COMPANY, LLC CENTRAL COLUMBIA SCHOOL DISTRICT REAL ESTATE AND PER CAPITA TAX COLLECTIONS SETTLEMENTS FOR THE YEAR ENDED DECEMBER 31, 2011

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1 BLOOMSBURG, PENNSYLVANIA CERTIFIED PUBLIC A CCO UNTANTS BREWER & COMPANY, LLC & FOR THE YEAR ENDED COLLECTIONS SETTLEMENTS DECEMBER 31, 2011 INDEPENDENT AUDITORS REPORT REAL ESTATE AND PER CAPITA TAX

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3 TABLE OF CONTENTS INDEPENDENT AUDITORS REPORT 2 SCHEDULES OF SETTLEMENT: NORTH CENTRE TOWNSHIP 3 SOUTH CENTRE TOWNSHIP 4 MIFFLIN TOWNSHIP 5 MT. PLEASANT TOWNSHIP 6 ORANGE TOWNSHIP 7 ORANGEVILLE BOROUGH 8 SCOTT TOWNSHIP 9 NOTES TO SCHEDULES OF SETTLEMENT 10

4 B1uwER & CoMPANY, LLC CERTIFIED PUBLIC AOUNTANTS 420 WEST 5TH STET BLOOM5BIJRG, PA TELEPHONE (570) FACSIMILE (570) IN DEPENDENT AUDITORS REPORT Members of the Board Central Columbia School District Bloomsburg, Pennsylvania We have audited the accompanying Schedules of Settlement of Real Estate and Per Capita Taxes levied in the year ended December 31, 2011 for each of the municipalities of Central Columbia School District listed in the accompanying table of contents. These Schedules of Settlement are the responsibility of Central Columbia School District s management. Our responsibility is to express an opinion on these Schedules of Settlement based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the Schedules of Settlement are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the Schedules of Settlement. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall schedule presentation. We believe that our audits provide a reasonable basis for our opinion. The accompanying Schedules of Settlement were prepared for the purpose of complying with the Commonwealth of Pennsylvania s Local Tax Collection Law (P.L. 1050, No. 394) as described in Note 1. In our opinion, the Schedules of Settlement of Real Estate and Per Capita Taxes levied in the year ended December 31, 2011 referred to above present fairly, in all material respects, the reconciliation of tax duplicates, taxes collected and taxes uncollected of Central Columbia School District listed in the accompanying table of contents as of January 15, 2012, in accordance with the provisions of the statute referred to above. This report is intended solely for the information and use of the Members of the Board and management of Central Columbia School District and their local tax collectors and is not intended to be and should not be used by anyone other than these specified parties. B Bloomsburg, Pennsylvania September 21, 2012

5 MUNICIPALITY: NORTH CENTRE TOWNSHIP FOR THE YEAR ENDED DECEMBER 31, 2011 Cash collected by School District $ 1,057,457 $ 13,094 $ 6,015 $ 1,076,566 Add penalties assessed 3, ,742 Less discounts taken (16,916) (213) (74) (17,203) Face amount of taxes collected $ 1,070,751 $ 13,221 $ 6,055 $ 1,090,027 Face amount of taxes collected 1,070,751 13,221 6,055 1,090,027 Face amount to delinquent collection $ 93,856 $ 3,185 $ 289 $ 97,330 Tax to be collected 1,164,607 16,406 6,344 1,187,357 Exonerations I Changes (19) (143) - (162) Additions 1, ,081 Face amount of taxes on tax duplicates $ 1,163,545 $ 16,549 $ 6,344 $ 1,186,438 TAXES LEVIED JULY 1, 2011 INTERIM

6 MUNICIPALITY: SOUTH CENTRE TOWNSHIP FOR THE YEAR ENDED DECEMBER 31, Cash collected by School District $ 1,671,865 $ 8,954 $ 6,024 $ 1,686,843 Add penalties assessed 8, ,136 Less discounts taken (27,283) (147) (117) (27,547) Face amount of taxes collected $ 1,691,073 $ 9,040 $ 6,141 $ 1,706,254 Faceamounttodelinquentcollection $ 126,333 $ 2,830 $ 228 $ 129,391 Faceamountoftaxescollected 1,691,073 9,040 6,141 1,706,254 Taxtobecollected 1,817,406 11,870 6,369 1,835,645 Exonerations / Changes (2,464) (110) (222) (2,796) Additions 1, ,117 Face amount of taxes on tax duplicates $ 1,818,783 $ 11,950 $ 6,591 $ 1,837,324 TAXES LEVIED JULY 1,2011 INTERIM

7 MUNICIPALITY: MIFFLIN TOWNSHIP FOR THE YEAR ENDED DECEMBER V -5- Cash collected by School District $ 1,304,523 $ 12,153 $ 4,698 $1,321,374 Add penalties assessed 4, ,823 Less discounts taken (21,049) (196) (36) (21,281) Face amount of taxes collected $ 1,320,808 $ 12,290 $ 4,734 $ 1,337,832 Tax to be collected 1,413,229 14,600 4,734 1,432,563 Exonerations / Changes (468) (100) - (568k Additions Face amount of taxes on tax duplicates $ 1,413,696 $ 14,690 $ 4,734 $ 1,433,120 Face amount of taxes collected 1,320,808 12,290 4,734 1,337,832 Face amount to delinquent collection $ 92,421 $ 2,310 $ - $ 94,731 TAXES LEVIED JULY INTERIM

8 MUNICIPALITY: MT. PLEASANT TOWNSHIP FOR THE YEAR ENDED DECEMBER 31, 2011 Cash collected by School District $ 864,018 $ 8,791 $ 2,754 $875,563 Add penalties assessed 3, ,757 Less discounts taken (14,191) (146) (51) (14,388) Face amount of taxes collected $ 874,505 $ 8,890 $ 2,799 $886,194 Face amount to delinquent collection $ 52,110 $ 1,810 $ 387 $ 54,307 Face amount of taxes collected 874,505 8,890 2, ,194 Tax to be collected 926,615 10,700 3, ,501 Exonerations / Changes (745) (130) - Additions - 50 (875) - 50 Face amount of taxes on tax duplicates $ 927,360 $ 10,780 $ 3,186 $941,326 TAXES LEVIED JULY 1, 2011 INTERIM

9 MUNICIPALITY: ORANGE TOWNSHIP FOR THE YEAR ENDED DECEMBER 31, 2011 Cash collected by School District $ 828,951 $ 7,150 $ 713 $836,814 Add penalties assessed 5, ,404 Less discounts taken (13,603) (116) (15) (13,734) Face amount of taxes collected $ 837,196 $ 7,220 $ 728 $845,144 Tax to be collected 883,558 8,290 1, ,067 Exonerations / Changes (5,078J (70) - (5,148) Additions 2, ,726 Face amount of taxes on tax duplicates $ 885,920 $ 8,350 $ 1,219 $895,489 Face amount of taxes collected 837,196 7, ,144 Face amount to delinquent collection $ 46,362 $ 1,070 $ 491 $ 47,923 TAXES LEVIED JULY 1, 2011 INTERIM

10 MUNICIPALITY: ORANGEVILLE BOROUGH FOR THE YEAR ENDED DECEMBER Face amount of taxes collected $ 162,191 $ 1,370 $ - Cash collected by School District $ 160,105 $ 1,368 $ - Less discounts taken (2,774) (20) - (2,794) $161,473 Add penalties assessed $163, Face amount of taxes collected 162,191 1, ,561 Face amount to delinquent collection $ 20,320 $ 580 $ - $ 20,900 Tax to be collected 182,511 1, ,461 Exonerations I Changes - Additions - Face amount of taxes on tax duplicates $ 182,511 $ 1,970 $ - $184, (20) (20) TAXES LEVIED JULY 1, 2011 INTERIM

11 MUNICIPALITY: SCOTT TOWNSHIP FOR THE YEAR ENDED DECEMBER Cash collected by School District $ 4,095,514 $ 24,486 $ 6,588 $4,126,588 Add penalties assessed 14, ,428 Less discounts taken (70,365) (430) (139) (70,934) Face amount of taxes collected $ 4,151,557 $ 24,810 $ 6,727 $4,183,094 Face amount of taxes collected 4,151,557 24,810 6,727 4,183,094 Face to amount delinquent collection $ 195,253 $ 4,440 $ 374 $ 200,067 Additions 1, ,111 Exonerations! Changes (2,721) (320) - (3,041) Face amount of taxes on tax duplicates $ 4,348,470 $ 29,520 $ 7,101 $ 4,385,091 Tax to be collected 4,346,810 29,250 7,101 4,383,161 TAXES LEVIED JULY 1, 2011 INTERIM

12 REAL ESTATE NOTES TO SCHEDULES OF SETTLEMENT OF 10 with the process used on the annual taxes. The procedures used in the collection of the interim real estate taxes and the return of uncollected interim taxes to the School District s delinquent tax collector are consistent the discount and penalty provisions displayed above. subsequent to July 1 of the tax year. The School District issues interim real estate tax June 30) that the new property or improvement was occupied. Such taxes are subject to bills on such properties based upon the portion of the School District s tax year (July 1 to District assessed valuations for new properties and improvements that occurred Twice a year, (generally in the spring and fall) Columbia County provides the School INTERIM REAL ESTATE TAXES: responsibility for collection. The School District is responsible for collection of the July 1 levy from July 1 through accounting system and reconciles the collections to the duplicates remaining uncollected. turned over to its delinquent tax collectors, thereby ending the School District s by January 15 of the subsequent year. Taxes not collected by the School District are December 31. The School District finalizes its tax collection records and reconciliations At least weekly, the School District Business Office posts the tax collections into its tax On a daily basis, the bank reports tax collections detailed by tax bill to the School District. resolved by the School District s business office. their taxes to a bank lock box and tax receipts are accordingly deposited directly into a District prints and mails the tax bills to taxpayers. The tax bills direct taxpayers to mail Tax duplicates are delivered by Columbia County to the School District. The School School District bank account. Any problems related to tax bills are directed to and September 1 January 1 (subsequent year) Lien Date July 1 August October July 1 Original Levy Date November 1 December 31 10% Penalty 31 2% Discount 31 Face Period County. The calendar for taxes levied is as follows: Capita taxes levied by the School District based upon valuations provided by Columbia Central Columbia School District (the School District ) collects Real Estate and Per ANNUAL TAX LEVY: TAX COLLECTION PROCESS SIGNIFICANT ACCOUNTING POLICIES 1. SUMMARY OF TAX COLLECTION PROCESS AND

13 The accompanying schedules of settlement of real estate and per capita taxes represent the reconciliation of the tax duplicates delivered to the School District to the amounts REPORT CONTENTS 11 recognized at the time received by the School District. Tax collections remitted to the School District on the accompanying schedules are BASIS OF ACCOUNTING The Pennsylvania Local Tax Collection Law (PL. 1050, No. 394) requires that each tax audited annually collector s final accounts and records as well as monthly returns and payments be accounts of tax collections as of January 15, 2012 for the settlement of taxes for the calendar year 2011 as required by the Pennsylvania Local Tax Collection Law (P.L. to the School District s delinquent tax collectors. Such settlements represent the final 1050, No. 394). remitted to and recorded as current revenue by the School District and taxes turned over NOTES TO SCHEDULES OF SETTLEMENT