Number
R13024
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 $14,635.91
This resolution will authorize the write-off of delinquent former resident accounts for the period April 1, 2018 to June 30, 2018. Although these accounts are written-off for accounting purposes, the City Attorney’s Office obtains judgments against all tenants evicted by court action. These judgments, and all unpaid final tenant accounts, will be sent to the Department of Revenue to intercept tax returns.
Analysis
Body
WHEREAS, the Housing Authority of the City of Milwaukee manages approximately 968 market-rate units; and
WHEREAS, there are 5 accounts for residents that moved between April 1, 2018 to June 30, 2018 that have outstanding balances totaling $14,635.91 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 5 accounts to the Department of Revenue’s to attempt tax refund interception; now therefore, be it
RESOLVED, by the Housing Authority that the 5 accounts totaling $14,635.91 be written off as uncollectible with an effective date of December 31, 2018; 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 $14,635.91.
Requestor
Drafter
Accounting, January 7, 2019