Posted: November 10, 2022
Rapid City
Agenda Item Summary

Agenda Item Ref. #: PW111522-02

Agenda Item Title:

Approve Resolution 2022-085 A Resolution Writing Off Uncollectable Utility Billing Accounts

Origination Group:
Public Works Committee
Origination Meeting Date:
11/15/2022
City Council Hearing Date:
11/21/2022
Staff Contact:
Connie Namanny
Agenda Item Summary:
The City Finance Office has determined that certain utility billing accounts, shown on Appendix A, attached, and totaling $234,563.57 are uncollectable; and it is necessary to relieve the accounts receivable of the City of Rapid City for these accounts. This write off is for accounts closed on or before December 31, 2019. An audit of accounts discovered a significant number of historical accounts from 2017 that were not addressed in previous write off requests, so this request will resolve those accounts as well. The amount of write off from 2017 totals $117, 448.56 while the total from 2019 accounts is $117, 115.01. This write-off will remove these accounts from the City's active account receivables, in accordance with generally accepted accounting principles.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

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