HomeMy WebLinkAbout14 Write-off of Delinq ARAction Item *14
Consideration of Write -Off of
Delinquent Accounts Receivable
February 20, 2013
Background/History
• Prior to the 2008 recession, write-offs were less than 0.10%
— Write -Off History
2008
$291276
0.09%
2009
$561902
0.17%
2010
$1051856
0.31
%
2011
$851524
0.25%
• Although accounts are written off, collection efforts continue
— Except bankruptcies
2
New Information
• District Code, Title 3.12.020.1 authorizes Treasurer to
write-off delinquent account balances less than 0.17% of
annual sales
• Delinquent account balances greater than 0.17% must be
approved for write-off by the Board
• The proposed write-offs of second half of FY12 total $34,271
— 0.21% of billable sales
— 1 /5 commercial and 4/5 residential
— 3/5 Electric and 2/5 Water
3
New Information
Truckee Donner Public Utility District
Annual Write -Offs
0.1 5"
0,3m
6., 2 S
M
......., ........, ........,
........, ........, ........, ...., ...., ...., ...., ...., ...., ...., ...., ....,
a�
m 0.20%
O7.15%
0.10%
0,0 A&,
2,00P S
2009 2010 2011, 2012
0
Fiscal Impact
• The remaining budget for FY12 write-offs is $68,428
• The proposed write-offs of the second half of FY12 total
$347271
5
Recommendation
Approve the write-off list in the amount of $34,271
a