... interest and penalties must also be written off If the treasurer of the Village of Elizabeth received approval to write off delinquent taxes totaling $30,000 and related interest and penalties of $3,000, ... 4:42:29 PM Accounting for the General and Special Revenue Funds 101 Accrual of Interest and Penalties Delinquent taxes are subject to interest and penalties The amount of interest and penalties ... the Fish and Game Fund By legislation, revenue in this fund can be used only for the purpose of protection, propagation, and restoration of sport fish and game resources and the expenses of administering...