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File #: R_12834    Version: 0
Type: Housing Authority Resolution Status: Passed
File created: 1/11/2017 In control: HOUSING AUTHORITY
On agenda: 1/11/2017 Final action: 1/11/2017
Effective date:    
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
Sponsors: THE CHAIR
Attachments: 1. 011117_Write-Off 2016Q2 Summary – Low Rent Public Hsg - Pg 1 Memo.pdf

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