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HomeMy WebLinkAbout12/05/2017 06E Write-off of Uncollectable Central Accounts ReceivablesITEM TITLE: SUBMITTED BY: BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEMENT 1 Item No. 6.E. For Meeting of: December 5, 2017 Resolution authorizing certain uncollectable central accounts receivables to be written -off DannyAgsalog, Director of Finance and Budget Tara Lewis, Financial Services Manager SUMMARY EXPLANATION: 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 7 accounts totaling $1,088.63. 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; $692.16 2. Bankruptcy (discharge of debt); $168.00 3. Company no longer exists and collection efforts have failed; $223.47 4. Other; None With approval of this Resolution by Council, these accounts will be removed from the City's accounts receivable records. ITEM BUDGETED: NA STRATEGIC PRIORITY: Public Trust and Accountability APPROVED FOR SUBMITTAL: City Manager STAFF RECOMMENDATION: Adopt Resolution BOARD/COMMITTEE RECOMMENDATION: ATTACHMENTS: Description Upload Date 0 Resolution -Central Accounts Recei \.oble Write Off 11/27/2017 0 Central Accounts Receivable Write -Off List 11/27;2017 Type Resolution Exhibit 2 3 RESOLUTION NO. R-2017 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 receivable of the City. These past due accounts of the general fund of the City have been deemed ready for write-off due to: (1) the age of the account is past the statute of limitations for collecting such accounts; (2) bankruptcy; (3) 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, now, therefore. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA: The attached "Central Accounts Receivable 2017 Write -Off List", is hereby approved, and the past due accounts receivable, consisting of 11 invoices and 7 accounts totaling an original amount of $1,088.63 are hereby written off and cancelled. ADOPTED BY THE CITY COUNCIL this 5th day of December, 2017. ATTEST: Kathy Coffey, Mayor City Clerk Accounts Receivable 2017 Write -Offs As of November 20, 2017 Invoice Fund Account Name Amount Invoice Date Notes 4 Parks & Recreation 131 750991 Lilly Guizar 168.00 4128 10/06/14 Bankruptcy Dowtown Yakima Business Improvement District 161 751292 Doniteli Winery 161 751201 The Speakeasy (Stiles) Refuse 471 750118 Sheila Martin 750111 Angela Pena $ 100.00 62194 03/12/10 Statute of Limitations 100.00 67461 03/07/11 Statute of Limitations 100.00 58552 01/29/09 Statute of Limitations/Defunct Co. 100.00 62372 03/12/10 Statute of Limitations/Defunct Co. 100.00 67626 03/07/11 Statute of Limitations/Defunct Co. 100.00 70576 01/18/12 Statute of Limitations/Defunct Co. 600.00 50.00 63810 05/17/10 Statute of Limitations 22.16 61413 03/08/10 Statute of Limitations 72.16 Irrigation - Fruitvale Canal 475 751477 Thomas Williams 25.00 63627 04/26/10 Statute of Limitations Wastewater - Hydrant Meter Charge 476 n/a Yakima Airport Land Co 223.47 17772 n/a Defunct Company Total 2017 Write -Off $ 1,088.63