Res 165-2021 Transfer Aged Receivables to Dormant for 20-21 Year End Close 12/21/2021 Resolution No. 165-2021
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 $215,337.44
$215,337.44
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 21st day of December, 2021.
MAYOR
ATTEST:
aA.w
City Clerk 0
CITY OF WICHITA FALLS
UTILITY COLLECTIONS -ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS
SEPTEMBER 2021
Balance Balance
Acct# Account Description 9/30/2020 9/30/2021 Increase
550 Water and Sewer 3,163,911.38 3,309,568.17 145,656.79
530 Sanitation 1,017,702.22 1,074,405.03 56,702.81
552 Stormwater 215,902.43 228,880.27 12,977.84
4,397,516.03 4,612,853.47 215,337.44