Number
R_12835
Version
Original
Reference
Sponsor
The Chair
Title
Resolution approving the write-offs of delinquent former resident accounts for the Berryland, Northlawn and Southlawn middle-income developments in the amount of $13,311.87
Analysis
Body
WHEREAS, the Housing Authority of the City of Milwaukee manages approximately 968 market-rate units; and
WHEREAS, there are 9 accounts for residents that moved between April1, 2016 to June 30, 2016 that have outstanding balances totaling $13,211.87 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, 2016 - 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 9 accounts to the Department of Revenue’s to attempt tax refund interception; now therefore, be it
RESOLVED, by the Housing Authority that the 9 accounts totaling $13,211.87 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 $13,211.87.
Requestor
Joan Repinski, Accounting Section
Drafter
Joan Repinski, Accounting Section
12/29/2016