Lake County Illinois - File #: 17-1038

• File #: 17-1038
• Version: 1
• Name: Joint Committee Action authorizing write-off of Public Works uncollectable accounts receivable characterized as bad debt expense
• Type: committee action item
• Status: Passed
• File created: 9/26/2017
• In control: Public Works and Transportation Committee
• Final action: 10/4/2017
• Title: Joint committee action authorizing the write-off of uncollectable accounts receivables from Public Works accounting records as bad debt expenses.

Date	Ver.	Action By	Action	Result
10/4/2017	1	Financial & Administrative Committee	approved	Pass
10/4/2017	1	Public Works and Transportation Committee	approved	Pass

Title

Joint committee action authorizing the write-off of uncollectable accounts receivables from Public Works accounting records as bad debt expenses.

Staff Summary

•                     Public Works is unable to collect from 56 water/sewer accounts totaling $39,059.73 deemed uncollectable due to property foreclosure or bankruptcy. 

•                     There are 40 accounts, totaling $30,991.92, which are associated with properties sold by the Sheriff’s Office through a tax sale due to foreclosure.

•                     Another 16 accounts, totaling $8,067.81 were unsuccessfully collected by the State’s Attorney’s Office during bankruptcy proceedings.

•                     Joint committee authorization is needed to delete these accounts from the accounts receivable records.