II. 2. ITEM 2016-07 Rent Register Write-off for Fiscal Year Ending 03/31/2016, adopt Resolution 513March 8, 2016HRA Report 2016-07
Rent Register Write-off for Fiscal Year Ending 03/31/2016
Proposed Action
Staff recommends adoption of the following motion: adopt Resolution 513, authorizing
the HRA staff to write off bad debts as uncollectible.
Overview
The HRA currently has onetenant account with uncollectible balances. Theresident
moved out with a balance due for rent. To clear the books for fiscal year ending
03/31/2016,the HRA Board must approve a resolution clearing this amount from the
books.
Primary Issuesto Consider
What are the dollar amounts to be written off?
Account NumberAmount to be written off
400.10$101.00
Can the HRA still attempt to collect the debt from the past tenant?
The HRA willfile a claim against thispasttenant with a bad debt over $25.00
using the Minnesota Revenue Recapture Act. This act allows housing authorities
to collect debts by intercepting income and property tax refunds. The program
administered by the State of Minnesota has been very successful in returning
funds to the HRA.
Supporting Information
HRA Resolution 513
Alternatives
The HRA has the following alternatives regarding this issue:
1. Approve the action as recommended by staff.
2.Continue for further information.
________________________________________
Stacy Unowsky, Executive Director
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF HOPKINS
Hennepin County, Minnesota
RESOLUTION NO. 513
RESOLUTION AUTHORIZING THE WRITE OFF OF UNCOLLECTIBLE
DEBT FROM PAST PUBLIC HOUSING RESIDENTS
WHEREAS,the Housing and Redevelopment Authority In and For the City of
Hopkins, Minnesota, (the “Authority”) desires to clear the books by writing off one
tenant account as uncollectible;and
WHEREAS,the Authority will file a claim with the State of Minnesota
Department of Revenue for all debtsexceeding $25.00.
NOW, THEREFORE, BE IT RESOLVEDthat the Authority Board of
Commissioners hereby authorizes the write off of uncollectible debt fromtenant account
400.10totaling $101.00 from the books.
th
Adopted this 15day of March 2015.
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Chair
ATTEST:
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Executive Director