Number
R_12834
Version
Original
Reference
Sponsor
The Chair
Title
Resolution approving the write-offs of delinquent former resident accounts for various low rent public housing developments in the amount of $19,643.53
Analysis
Body
WHEREAS, the Housing Authority of the City of Milwaukee manages approximately 3168 public housing units; and
WHEREAS, there are 19 accounts for residents that moved between April 1, 2016 to June 30, 2016 that have outstanding balances totaling $19,643.53 per the attached “Project Level Write Off Analysis Report”; and
WHEREAS, the effective date of the write-off of former resident accounts for various housing developments between April 1 - June 30, 2016 will be December 31, 2016; and
WHEREAS, residents have been given notice of their outstanding balance; and
WHEREAS, the Housing Authority has been advised that said debts must be considered uncollectible; and
WHEREAS, the Housing Authority would like to transfer the outstanding balance of these resident accounts from Accounts Receivable as required by Generally Accepted Accounting Principles (GAAP); and
WHEREAS, the Housing Authority will report the outstanding balance due on these 19 accounts to the Department of Revenue’s to attempt tax refund interception; now therefore, be it
RESOLVED, by the Housing Authority that the 19 accounts totaling $19,643.53 be written off as uncollectible; and, be it
FURTHER RESOLVED, that the Secretary-Executive Director authorizes the appropriate accounting staff to take action necessary to reduce the accounts receivable liability by $19,643.53.
Requestor
Joan Repinski, Accounting Section
Drafter
Joan Repinski, Accounting Section