Res 117-2020 Transfer Dormant Accts 2020 12/15/2020Resolution No. 117-2020
Resolution approving the transfer of various aged receivable
accounts to dormant status as part of the city's fiscal year end closing
process
WHEREAS, each year, the City Council removes from the general ledger various
aged receivable accounts and transfers them to dormant status for possible collection by
the Legal Department and/or outside collection agencies.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
1. The Chief Financial Officer is hereby authorized to remove from the general
ledger the charges hereinafter set out, which are now deemed un-collectible and/or
obsolete:
Water/Sewer/Refuse/Storm Water Charges $217,014.33
$217,014.33
2. The City Attorney and/or outside Collection Agencies are authorized to evaluate
the un-collectible accounts receivable and file suits and claims therein if such actions are
determined to be cost-effective.
PASSED AND APPROVED this the 15t" day of December, 2020.
ATTEST:
City Clerk