Number
R115
Version
Original
Reference
Sponsor
The Chair
Title
Resolution authorizing the write-off of delinquent former resident accounts for various public housing developments in the amount of $39,947.
Analysis
Body
WHEREAS, the Housing Authority of the City of Milwaukee manages approximately 2,686 public housing units; and
WHEREAS, there are 33 accounts for residents that moved between April 1, 2019 to June 30, 2019 have outstanding balances totaling $39,947.11 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 33 accounts to the Department of Revenue to attempt tax refund interception; now therefore, be it
RESOLVED, by the Housing Authority that the 33 accounts totaling $39,947.11 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 $39,947.11.
Requestor
Drafter
Housing Management, Accounting 12/6/2019