Number
R_12965
Version
Original
Reference
Sponsor
The Chair
Title
Resolution approving the write-off of delinquent former resident accounts for the Berryland, Northlawn and Southlawn middle-income developments in the amount of $16,959.04
Analysis
Body
WHEREAS, the Housing Authority of the City of Milwaukee manages
approximately 968 market-rate units; and
WHEREAS, there are 11 accounts for residents that moved between October 1, 2017 to December 31, 2017 that have outstanding balances totaling $16,959.04 per the attached “Project Level Write Off Analysis Report”; 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 11 accounts to the Department of Revenue’s to attempt tax refund interception; now therefore, be it
RESOLVED, by the Housing Authority that the 11 accounts totaling $16,959.04 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 $16,959.04.
Requestor
Drafter
Accounting Department