TITLE
title
Write-Off of Uncollectible Utilities Department Accounts
body
BRIEF OVERVIEW
At the regular Board meeting held on July 17, 2007, the Board approved a uniform write-off policy for Hernando County Utilities Department (HCUD). In accordance with Resolution No. 2007-197, HCUD is requesting to write off the attached listing of accounts receivable totaling $27,181.77 which are deemed uncollectible. Write-off amounts are attributed to various factors including transient customers, foreclosures, and bankruptcies and all reasonable attempts have been taken to collect payment on these accounts.
FINANCIAL IMPACT
Write-off amount of $27,181.77 is available in Account No. 4111-07091-5304975, Utilities Operating Fund, Utilities Admin. Dept., Bad Debt Expense A/R Account.
LEGAL NOTE
NA
recommendation
RECOMMENDATION
For informational purpose only; no action is required.