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Council approves write-off of $429,220.62 in uncollectible receivables
Summary
City Finance sought and the council approved a resolution to write off $429,220.62 in uncollectible accounts across ambulance, utilities, parks and recreation, alarm and library accounts; staff said collection efforts will continue despite the write-off.
The Rio Rancho City Council approved a resolution to remove $429,220.62 of uncollectible accounts receivable from the city’s books.
Carol Jadameel of Financial Services presented the write-off request and said accounts are deemed uncollectible after four years of outstanding balance and multiple collection attempts. She cited Section three-thirty seven-seven, NMSA 19 78 (as referenced in the staff presentation) as the statutory…
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