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Authorization to Write Off Returned or Uncollectible Revenues
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INFORMATION CONTACT:
Beverly L. Liles, Finance, Director, 704-283-3675
ACTION REQUESTED:
Approve the write-off of returned or uncollectible revenues totaling $19,409.47.
PRIOR BOARD ACTIONS:
None.
BACKGROUND:
The Finance Department has conducted a review of outstanding returned revenues, including non-sufficient funds (NSF) checks, closed accounts, and other uncollectible payments. After reasonable and diligent efforts to collect these funds, the department has determined that these amounts are not recoverable. We are requesting Board approval to formally write off these amounts from the County’s financial records.
FINANCIAL IMPACT:
The total amount to be written off is $19,409.47. These funds have previously been recorded but are now deemed uncollectible. No additional budget appropriation is required.