Loading...
HomeMy WebLinkAboutMINUTES - 08182015 - HA C.4RECOMMENDATIONS ADOPT Resolution No. 5190 to approve collection loss write-offs in the public housing program in the amount of $16,060.46 for the quarter ending June 30, 2015. BACKGROUND This collection loss is for the public housing program. The requested collection loss write-off reflects a total of 10 accounts that are recommended for write-off. The following chart illustrates the collection losses per quarter for the past four quarters: Action of Board On: 08/18/2015 APPROVED AS RECOMMENDED OTHER Clerks Notes: VOTE OF COMMISSIONERS AYE:John Gioia, Commissioner Candace Andersen, Commissioner Mary N. Piepho, Commissioner Karen Mitchoff, Commissioner ABSENT:Federal D. Glover, Commissioner Fay Nathaniel, Commissioner Jannel George-Oden, 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: August 18, 2015 Joseph Villarreal, Executive Director By: June McHuen, Deputy cc: C.4 To:Contra Costa County Housing Authority Board of Commissioners From:Joseph Villarreal, Housing Authority Date:August 18, 2015 Contra Costa County Subject:Collection Loss Write-Off for the QE June 30, 2015 BACKGROUND (CONT'D) Conventional Program 06/15 $16,060.46 03/15 $58,637.66 12/14 $21,992.09 09/14 $10,361.43 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 HACCC, or any other housing authority, money 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 June 30, 2015, the collection loss write-off total is $16,060.46. CONSEQUENCE OF NEGATIVE ACTION Should the Board of Commissioners elect not to adopt Resolution No. 5190 these accounts would inflate the total accounts receivable for HACCC and present an inaccurate financial picture. ATTACHMENTS Collection Loss Write-Off for QE June 30, 2015