Loading...
HomeMy WebLinkAboutMINUTES - 01311995 - 1.52 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA TO: BOARD OF COMMISSIONERS FROM: Richard J.Martinez,Executive Director DATE: January 31, 1995 SUBJECT: COLLECTION LOSS WRITE-OFF FOR THE QUARTER ENDING DECEMER 31, 1994 SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION I. RECOMMENDED ACTION: ADOPT Resolution No. 3734 approving collection loss write-off in the amount of$4,520.00 for the quarter ending December 31, 1994,as recommended by the Advisory Housing Commission. II. FINANCIAL IMPACT: Uncollectible accounts impact on the budget by reducing total rental income. At the end of each quarter,the Housing Authority takes action to write off those accounts which have been determined to be uncollectible. For the quarter ending December 31, 1994,a collection loss write-off in the amount of $4,520.00 is recommended. III. REASONS FOR RECOMMENDATION/BACKGROUND This collection loss is for the Conventional Program. The requested collection loss write-off reflects a total of 13 accounts that are being recommended for write-off,representing an average of $347.69 per account. The following chart illustrates the collection losses per quarter for the past four quarters: Conventional Program 09/94 $20,022.43 06/94 $11,972.63 03/94 $13,026.73 12/93 $14,973.65 Prior to a submission of an account for write-off,the staff makes every effort, including referral to a collection agency,to collect money that is owed the Housing Authority. At its Regular Meeting on January 23, 1995 the Advisory Hosuing Commission approved the collection loss write-off in the amount of$4,520.00 and recommended adoption of Resolution No. 3734, authorizing collection loss write-off by the Board of Commissioners. IV. CONSEQUENCES OF NEGATIVE ACTION: Should the Board of Commissioners elect to not adopt Resolution No. 3734,these accounts would inflate the total accounts receivable for the Housing Authority and present a distorted financial picture. CONTINUED ON ATTACHMENT: YES SIGNATURE -R � Yh ®o RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD COMMITTEE APPROVE OTHER SIGNATURE(S) : ACTION OF BOARD ON January 31, 1995 APPROVED AS RECOMMENDED X OTHER VOTE OF COMMISSIONERS I HEREBY CERTIFY THAT THIS IS A X UNANIMOUS (ABSENT TRUE AND CORRECT COPY OF AN AYES: NOES: ACTION TAKEN AND ENTERED ON THE ABSENT: ABSTAIN: MINUTES OF THE BOARD OF COMMISSIONERS ON THE DATE SHOWN. ATTESTED January 31, 1995 PHIL BATCHELOR, CLERK OF THE BOARD OF COMMISSIONERS AND COUNTY ADMINISTRATOR BY ACL �� , DEPUTY THE BOARD OF COMMISSIONERS HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA RESOLUTION NO. 3734 WHEREAS, certain accounts of vacated tenants have been determined to be uncollectible by management, and; WHEREAS, a majority of these tenants accounts have been, or will be turned over to a collection agency for continuing collection efforts; NOW,THEREFORE,BE IT RESOLVED by the Board of Commissioners of the Housing Authority of the County of Contra Costa that the following amounts be written off for collection loss for the quarter ending December 31, 1994: Conventional Program Dwelling Rent $2,116.42 Legal Charges 1,408.00 Maintenance& Other Surcharges 995.58 $4,520.00 PASSED ON January 31, 1995 by the following vote of the Board of Commissioners: AYES: Supervisors Rogers, Smith, DeSaulnier, Torlakson and Bishop NOES: None ABSENT: None ABSTAIN: None