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HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
T0:
BOARD OF COMMISSIONERS DATE: July 21, 1987
FROM: Perfect Villarreal , Executive Director cc:
SUBJECT: COLLECTION LOSS WRITE-OFF FOR THE QUARTER ENDING JUNE 30, 1987
I . RECOMMENDED ACTION:
Adopt Resolution No. 3516 approving collection loss write-off in the amount of
$7,444.76 for the quarter ending June 30, 1987, 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
June 30, 1987, a collection loss write-off in the amount of $7,444.76 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 $572.67 per account. The following chart illustrates
the collection losses per quarter. for the past four quarters:
Conventional Program
3/87 $10,982.74
12/86 $15,038.19
9/86 $13,583.03
6/86 $10,878.08
Prior to 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 July 20, 1987 the Advisory Housing Commission
approved the collection loss write-off in the amount of $7,444.76 and recommended
adoption of Resolution No. 3516, 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. 3516, these
accounts would inflate the total accounts receivable for the Housing Authority and
present a distorted financial picture.