Attached is a resolution authorizing the write-off of certain uncollectable accounts. A total of 234 invoices representing 234 accounts totaling $52,521.26 has been identified for write-off, since the last write-off was done in February of 2023.
Delinquent accounts are recommended for write-off for various reasons, including:
1) The Statue of Limitations (six (6) years or older) has been met;
2) Bankruptcy (discharge of debt);
3) Death of debtor; and
4) Accounts have been sent to a collection agency and returned as uncollectable.
The large majority of the write-offs meet the 6-year statute of limitations which relate to the billings done in 2017. Accounts meeting the above listed criteria are included in the proposed Resolution. With approval of this resolution by Council, the accounts will be removed for the City’s accounts receivable records. |