Resolution authorizing certain uncollectable central accounts receivables to be written-off

Steve Groom, Director of Finance and Budget

Attached is a Resolution authorizing the write-off of certain uncollectible accounts. Outstanding Central Receivable accounts will remain in the City’s accounts receivable records until such time as they are paid or written off according to state regulation. The attached write-off list includes 9 accounts totaling $3,177.95.

Following city staff collection efforts and collections notice, accounts were sent to collections agency; these are what remain unpaid. Delinquent accounts for which collection efforts have been terminated are analyzed at the end of each year to determine eligibility for write-off. Accounts meeting the criteria listed below are included on the proposed write-off list which is attached:

1. The Statute of Limitations (six (6) years or older) has been met; 3,023.46

2. Bankruptcy (discharge of debt); None

3. Company no longer exists and collection efforts have failed; $154.49

4. Other; None

With approval of this Resolution by Council, these accounts will be removed from the City’s accounts receivable records.