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HomeMy WebLinkAbout03/19/2024 07.E. Resolution authorizing the write-off of certain uncollectable central accounts receivables 1 .. a, ____,) BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEMENT Item No. 7.E. For Meeting of: March 19, 2024 ITEM TITLE: Resolution authorizing the write-off of certain uncollectable central accounts receivables SUBMITTED BY: *Rosylen Oglesby, Interim Director of Finance and Budget Anabel Chavez, Utility Customer Services Manager SUMMARY EXPLANATION: 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. ITEM BUDGETED: NA STRATEGIC PRIORITY: Public Trust and Accountability APPROVED FOR SUBMITTAL BY THE CITY MANAGER RECOMMENDATION: Adopt Resolution. ATTACHMENTS: Description Upload Date Type 2 D Resolution 3/1/2024 Resolution 3 RESOLUTION NO. R-2024- A RESOLUTION Authorizing the write-off of certain uncollectable central accounts receivables for the City of Yakima. WHEREAS, the attached listing of accounts is recommended for write-off by the City of Yakima in connection with central accounts receivables of the City, and WHEREAS, the past dues accounts have been deemed eligible for write-off due to: (1) age of the account has reached the 6-year statute of limitations; (2) bankruptcy; (3) deceased; (4) the account is otherwise uncollectable. It is recommended that these accounts be written-off (removed from the accounts receivable of the City) by City Council, WHEREAS, accounts receivable has a detailed listing of 234 uncollectable delinquent accounts totaling $52,521.26 to be discharged by City Council action; now, therefore. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA: The delinquent 234 accounts for accounts miscellaneous receivable billings totaling $52,521.26 are hereby recognized by the City Council as uncollectable and the Director of Finance & Budget or his /her designee is hereby authorized to write off these debts accordingly. ADOPTED BY THE CITY COUNCIL this_day of , 2024. Patricia Byers, Mayor ATTEST: Rosalinda Ibarra, City Clerk