DEPARTMENT: Finance
FILE TYPE: Consent Information
TITLE
title
Report On Authorized Write-Off Of Uncollectible Debt For 2021
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PURPOSE/ACTION REQUESTED
Receive a report on the accounts receivable uncollectible debt that were authorized for write-off in 2021.
SUMMARY
Policy #2755 was adopted in March 2021. This policy establishes justification category to record an uncollectible debt write-off. The policy also authorizes specific staff levels to approve uncollectible debt write-offs in the previous year. Fiscal year 2021 transactions closed (pending audit) in March of 2022.
The County’s accounts receivable is comprised from three different financial systems (or system of record). Those financial systems are in Finance, Library, and Sheriff’s Office. In 2021 the County authorized and executed 493,984 individual uncollectible debt write-offs totaling $3,722,830.64. Since the policy was recently adopted, 2021 is the first year in which uncollectible debt write-offs could be authorized. Write-offs included in these numbers date back to as far as 2010. Subsequent years should be much lower than 2021 numbers.
The attached report contains more detail and charts summarizing the authorized write-offs for 2021.
RECOMMENDATION
recommendation
Information only; no action requested.
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EXPLANATION OF FISCAL/FTE IMPACTS
☒ None ☐ Current budget ☐ Other
☐ Amendment Requested ☐ New FTE(s) requested
RESOLUTION
body
Information only; no action requested.
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PREVIOUS BOARD ACTION
None.
ATTACHMENTS
Attachment: Policy #2755 Write Off Report 2021
BOARD GOALS
☐ A Great Place to Live ☐ A Healthy Environment
☐ A Successful Place for Business and Jobs ☒ Excellence in Public Service
PUBLIC ENGAGEMENT LEVEL
☐ Inform and Listen ☐ Discuss ☐ Involve ☒ N/A
CONTACT
Department Head: Peter Skwira
Author: Tony Nelson