RESOLUTION 17-005 PUBLIC HOUSING WRITE-OFF IN UNCOLLECTIBLE TENANT ACCOUNTS RECEIVABLE.DOC
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RESOLUTION 17-005 Public Housing Write-off of $18,692.50 in Uncollectible Tenant Accounts Receivable WHEREAS, under the Generally Accepted Accounting Principals (GAAP), uncollectible accounts are allowed to be deducted; and WHEREAS, the write-offs are for tenants with a balance older than 90 days in Tenant Accounts Receivable; and WHEREAS, this amount reflects a period through November 2016; and WHEREAS, write-offs are a part of the U.S. Department of Housing and Urban Development Tenant Accounts scoring threshold; and WHEREAS, it is the goal of the Housing Authority of Maricopa County to have Tenant Accounts Receivable no more than 1.5% of billed tenant charges. NOW THEREFORE: BE IT RESOLVED, that the Board of Commissioners of the Housing Authority of Maricopa County hereby adopts Resolution No. 17-005 and approves the write-off of $18,692.50 in uncollectible Tenant Accounts Receivable. Dated this ___________________ day of ________________________________________, 2017 Housing Authority of Maricopa County ATTEST: Gloria Munoz, Clerk of the Board Chairman Approved As To Form Attorney for Housing Authority