Ord 05-2025 Transfer Aged Receivables to Dormant FY 23-24 01/21/2025 Ordinance No. 05-2025
Ordinance 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 ORDAINED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
1 . The CFO/Director of Finance is hereby authorized to remove from the general
ledger the charges hereinafter set out which are now deemed uncollectible and/or
obsolete:
Water & Sewer, Refuse, Storm Water Charges $306,804.77
2. The City Attorney and/or outside Collection Agencies are authorized to evaluate
the uncollectible 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 January 2025.
MAYOR
ATTEST:
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City Clerk