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Write-Off of Uncollectible Utilities Department Accounts
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BRIEF OVERVIEW
At the regular Board meeting held on July 17th, 2007 Commissioners approved a uniform write-off policy for Hernando County Utilities Department (HCUD). In accordance with Resolution Number 2007-197, HCUD is requesting to write-off the attached listing of accounts receivable totaling $18,120.26 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.
STRATEGIC PLAN INITIATIVES
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FINANCIAL IMPACT
Reduction in accounts receivable balance not to exceed $18,120.26 with no individual account receivable exceeding $1,500.
LEGAL NOTE
The Board is authorized to act on this matter pursuant to Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended that the Board approve the write-off of the uncollectable accounts not to exceed $18,120.26, with no individual customer account exceeding $1,500.