Res 180-89 11/7/1989RESOLUTION NO. 46'"rOy
RESOLUTION AUTHORIZING TRANSFER OF OLD UNCOLLECTIBLE ACCOUNTS
RECEIVABLE FROM AN ACTIVE TO DORMANT STATUS AND TO RECOGNIZE
REVENUE ON AGED OUTSTANDING CHECKS
WHEREAS, the Director of Finance has recommended that old
accounts receivable which were due before September 30, 1989, be
deemed uncollectible, and that they be removed from the ledger and be
transferred to dormant status, and to recognize revenue on outstanding
checks.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WICHITA FALLS, TEXAS, THAT:
Director of Finance is hereby authorized to remove from the
general ledger the hereinafter set out charges made by the City, which
are now deemed uncollectible and to recognize revenue on aged
outstanding checks payable TO WIT :
BALANCE OLDER THAN
ACCOUNT TITLE ACCOUNT NUMBER SEPTEMBER 30, 1989
Accounts Receivable 11-000-1430 7,696. 11
Bad Checks 11-000-1456 727.00
Bad Checks 11-000-1457 736.00
Accounts Receivable 21-000-1411 7,007.96
Bad Checks 31-000-1456 24 .00
Accounts Receivable 51-000-1212 18,416.61
Accounts Receivable 51-000-1265 11 .94
A/R - Water/Sewer 81-000-1210 24 ,770.81
A/R - Water/Sewer 81-000-1211 5.33
TOTAL 59 395.7b
Although such accounts receivable are placed on dormant status,
reasonable efforts will be made to collect these accounts receivable,
either by the City Attorney or by the City ' s collection agency .
Revenue recognition on the following aged outstanding checks, to
revert the cash back to the general ledger of the various funds:
BALANCE....._OLDER THAN
ACCOUNT....._TITLE....................__.._......................................._ACCOUNT....._NUMBER................................................._.............._SEPTEMBER.......30,........_1987
Aged Unclaimed Checks 11-000-2158 9,393.90
Aged Unclaimed Checks 12-000-2158 15.74
Aged Unclaimed Checks 21-000-2158 48.54
Aged Unclaimed Checks 52-000-2158 4,215.00
Aged Unclaimed Checks 63-000-2158 3,613. 15
Aged Unclaimed Checks 70-000-2158 188.07
Aged Unclaimed Checks 81-000-2158 8,394.54
TOTAL 25,868.94
PASSED AND APPROVED THIS THE 7th DAY OF NOVEMBER, 1989.
M A Y O
ATTEST:
AL/I
City_°°°Clerk