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HomeMy WebLinkAboutR-2016-163 Write-off of Uncollectable Central Accounts ReceivablesRESOLUTION NO. R-2016-163 A RESOLUTION authorizing the write-off of certain uncollectable central accounts receivables for the City of Yakima. WHEREAS, attached is a listing of accounts recommended for write-off by the City of Yakima in connection with central accounts receivable within the City. These are past due accounts of the general fund of the City that have been deemed ready for write-off due to (1) account is past the statute of limitations for collecting such accounts, (2) bankruptcy, and/or (3) account is otherwise uncollectable. It is recommended that these accounts be written -off (removed from the accounts receivable of the City) by City Council, now, therefore BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA: The attached "Accounts Receivable 2016 Write -Offs", is hereby approved, and the past due accounts receivable, consisting of 29 invoices and 19 accounts totaling an original amount of $13,474.52 are hereby written off and cancelled. ADOPTED BY THE CITY COUNCIL this 6th day of December, 2016. ATTEST. Sonya CIa r Tee, City Clerk BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDASTATEMENT Item No. 9. For Meeting of: December 13, 2016 ITEM TITLE: Resolution authorizing certain uncollectable central accounts receivables to be written -off SUBMITTED BY: Cindy Epperson, Director of Finance and Budget SUMMARY EXPLANATION: Attached is a Resolution authorizing the write-off of certain uncollectable accounts. The write-off list includes 19 accounts totaling $13,474.52. Typically, once an item has been billed, it takes Council action to remove it from City records. (The Municipal Court Judge has authority to write- off delinquent court related accounts.) There are several reasons that accounts are considered uncollectable. The most common include: (1) the statute of limitations time limit for collecting the debt has passed; (2) when bankruptcies occur, and we have an unsecured interest, write-off is recommended; and (3) when the collection agency is not able to actively pursue collection or a court action dismisses the liability. The attached schedule details the accounts recommended for write-off. (Note: the City does not normally record revenue until the time of collection; therefore, this write-off does not "reverse" any revenue already booked.) This is part of the clean-up of our records in preparation for the annual financial statements. To accomplish this, we try to do write-offs annually in December. Staff respectfully submits the attached Resolution, which if approved by Council, would authorize the write-off of these uncollectable accounts on the Schedule attached. ITEM BUDGETED: NA STRATEGIC PRIORITY: Public Trust and Accountability APPROVED FOR SUBMITTAL: STAFF RECOMMENDATION: Adopt Resolution BOARD/COMMITTEE RECOMMENDATION: ATTACHMENTS: Description Upload Date Type D Resolution 2016 Central Accounts Write Offs 11/22/2016 Resolution E 2016 List of Central Recie\able Write Offs 11/22/2016 Backup Material Accounts Receivable 2016 Write -Offs As of November 21, 2016 Fund Account Name Gambling Michaels Tavern Parks I& Recreation 131 A06695 Rojas, Ruben (La Liga) Dowtown Yakima Business Improvement Dist] 161 A06083 Johnson Rentals (Kimco) A06201 A06227 A06405 A06311 A06351 A06647 A06943 Airport 421 A07523 421 A07533 421 A07535 421 A07536 421 A07541 421 A07546 421 A07557 421 A07581 DLM Propertioes LLC McNeice, Donald Garys Fly Shoppe A Brighter Beginning Chldcr Carpet Masters Inc Cascade Winery Blue Diamond Entertainment Jay Sentz McAllister Museum Robert McCormick Mission Support Alliance Pockinet Jim Richmond/Cub Crafters Ascent Aviation Group Jeff Johnston 421 A07832 Ray Taylor Refuse 471 A06589 Vosberg, Sonya Invoice Amount Invoice Date Notes 8,082.00 2008 Defunct Company 3,280.00 69326 09/29/11 Defunct Company 8.00 69327 09/29/11 Defunct Company 3,288.00 58.06 59904 07/06/09 58.06 60617 10/02/09 55.91 63260 04/21/10 55.91 64757 07/12/10 55.91 66066 10/20/10 50.69 67017 02/02/11 63.15 62612 03/22/10 57.87 60050 07/06/09 100.00 70462 01/18/12 100.00 62108 03/12/10 100.00 62154 03/12/10 100.00 62446 03/12/10 100.00 70743 01/18/12 955.56 50.78 1240 01/21/14 31.00 1242 01/21/14 484.17 1244 01/21/14 83.85 1245 01/21/14 60.00 4804 01/07/15 80.00 2141 02/05/14 50.00 1231 01/21/14 50.78 3814 07/31/14 50.78 5735 04/07/15 1.12 4565 12/01/14 50.78 5394 02/03/15 50.78 5537 03/03/15 1,044.04 Statute of Limitations Statute of Limitations Statute of Limitations Statute of Limitations Statute of Limitations Statute of Limitations Statute of Limitations Statute of Limitations Defunct Company Statute of Limitations Statute of Limitations Statute of Limitations Defunct Company Unsupported Legacy Airport charge Unsupported Legacy Airport charge Unsupported Legacy Airport charge Unsupported Legacy Airport charge Uncollectible Uncollectible Unsupported Legacy Airport charge Unsupported Legacy Airport charges Uncollectible Uncollectible Uncollectible Uncollectible 104.92 60187 07/31/09 Statute of Limitations Total 2016 Write -Off 13,474.52