HomeMy WebLinkAboutReso 192-03 Wrte-OffActRecFY03RESOLUTION NO. 192 - 03
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
APPROVING THE WRITE-OFF OF
UNCOLLECTIBLE ACCOUNTS RECEIVABLE FOR THE
FISCAL YEAR ENDED JUNE 30, 2003
WHEREAS, the City of Dublin has certain delinquent receivable accounts where collection efforts have
been exhausted; and
WHEREAS, accounts may become uncollectible due to circumstances such as, but not limited to; the
statute of limitations for a legal proceeding has been exceeded; bankruptcy has been filed; the City is
unsuccessful in locating the debtor; the cost of collection exceeds the mount owed, etc.; and
WHEREAS, it would appear appropriate for these receivable accounts to be written off; and
WHEREAS, the above-described action within the City accounting records does not constitute a release of
any debtor from liability for payment of any amount; and
NOW, THEREFORE BE IT RESOLVED that the City Manager is hereby authorized to write off
uncollectible receivable accounts, as described in a Staff Report presented October 7, 2003, and to record
this amount as a bad debt expense.
PASSED, APPROVED AND ADOPTED this 7th day of October, 2003.
AYES:
Councilmembers Omvetz, Sbranti and Zika and Mayor Lockhart
NOES: None
ABSENT: Councilmember McCormick
ABSTAIN: None
ATTEST~~~[~ ~_ C~
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MaYor
K2/G/10.7_03/reso-writeoff. doc (Item 4.4)
G: (Finance StaffiFredlresolution writeoff, doc