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HomeMy WebLinkAboutMINUTES - 05132014 - HA C.2RECOMMENDATIONS ADOPT Resolution No. 5178 to approve collection loss write-offs in the public housing program in the amount of $28,464.62 for the quarter ending March 31, 2014. BACKGROUND This collection loss is for the public housing program. The requested collection loss write-off reflects a total of 18 accounts that are recommended for write-off. The following chart illustrates the collection losses per quarter for the past four quarters: Conventional Program 03/14 $28,464.62 12/13 $35,642.60 09/13 $25,249.32 06/13 $51,959.77 Action of Board On: 05/13/2014 APPROVED AS RECOMMENDED OTHER Clerks Notes: VOTE OF COMMISSIONERS AYE:John Gioia, Commissioner Candace Andersen, Commissioner Mary N. Piepho, Commissioner Karen Mitchoff, Commissioner Federal D. Glover, Commissioner Contact: 925-957-8028 I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown. ATTESTED: May 13, 2014 Joseph Villarreal, Executive Director By: June McHuen, Deputy cc: C.2 To:Contra Costa County Housing Authority Board of Commissioners From:Joseph Villarreal, Housing Authority Date:May 13, 2014 Contra Costa County Subject:Collection Loss Write-Offs for period ending March 31, 2014 BACKGROUND (CONT'D) > Prior to submission of an account for write-off, staff makes every effort to collect money owed to HACCC. Once an account is written-off, it may be referred to a collection agency for further repayment efforts. Past participants who owe money to the HACCC or any other housing authority may be denied admission to the public housing or housing choice voucher programs in the future unless the debt is repaid. Past participants can be denied admission in the future even if their debt has been written off. FISCAL IMPACT Uncollectable accounts impact on the budget by reducing total rental income. At the end of each quarter, the Housing Authority of the County of Contra Costa (HACCC) writes off those accounts that have been determined to be uncollectable. Once an account is written off, it can be turned over to a collection agency. For the quarter ending March 31, 2014, the collection loss write-off total is $28,464.62. CONSEQUENCE OF NEGATIVE ACTION Should the Board of Commissioners elect not to adopt Resolution No. 5178, these accounts would inflate the total accounts receivable for HACCC and present an inaccurate financial picture. CLERK'S ADDENDUM ATTACHMENTS CLWO RES 5178 CLWO Worksheet 3-31-14