Assessment Collection Fund

Source: PDF p. 1014 ↗ · raw: 1014

Breadcrumb: Fund Summaries > City Administrator. . > Assessment Collection Fund

City of Portland Fiscal Year 2026-27 Proposed Budget City Administrator> Assessment Collection Fund Assessment Collection Fund Fund Summary 2024-25 Actuals 2023-24 Actuals 2025-26 Revised Budget 2026-27 Proposed Expense $94,695 $89,826 $93,645 $101,245 Bureau Expense $0 $0 $0 $0 Fund Expense $0 $0 $93,645 $101,245 Contingency $0 $0 $93,645 $101,245 Unappropriated $94,695 $89,826 $0 $0 Ending Fund Balance $94,695 $89,826 $0 $0 Revenue $94,695 $89,825 $93,645 $101,245 External Revenues $4,869 $2,830 $4,316 $3,250 Miscellaneous $4,869 $2,830 $4,316 $3,250 Internal Revenues $89,826 $86,995 $89,329 $97,995 Beginning Fund $89,826 $86,995 $89,329 $97,995 Balance Fund Overview The Assessment Collection Fund is used to pay off outstanding liens created in other funds and to purchase lien-delinquent properties at a Treasurer’s foreclosure sale, or any other sale, where purchase of a property is necessary to protect the City’s financial interests. While this fund is largely inactive, with a minimal number of posted accounting transactions, City Charter allows for replenishment of this fund by selling up to $1.5million in bonds. Post purchase of a property and/or payoff of a lien, this fund handles all collection and foreclosure activities. Managing Agency City Administrator Service Area, Revenue Division Significant Changes from Prior Year There were significant changes for FY 2026-27. 1014

Parent: City Administrator. . · PDF: p. 1014 ↗