Res 126-2016 12/20/2016
Resolution No. _126-2016__
Resolution approving the transfer of various aged receivable
accounts to dormant status as part of the city’s fiscal year end
closing process and authorize collection activities thereon
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 or the City’s collection agency.
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:
Miscellaneous Accounts Receivable $ 8,853.33
Water/Sewer/Refuse/Storm Water Charges 484,076.96
TOTAL AMOUNT $492,930.29
2. The City Attorney is authorized to evaluate the un-collectible accounts
receivable and file suits and claims therein if such actions are determined to be cost-
effective. The City Manager is authorized to execute all documents appropriate to
factor said accounts and authorize third parties to collect said accounts.
PASSED AND APPROVED this the 20th day of December, 2016.
______________________________
M A Y O R
ATTEST:
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City Clerk