BACKGROUND (CONT'D)
Conventional Program
03/15 $58,637.66
12/14 $21,992.09
09/14 $10,361.43
06/14 $22,139.84
Prior to submission of an account for write-off, staff makes every effort to collect money owed to HACCC. Once an account is written-off, it may be referred to a collection agency for further repayment efforts. Past participants who owe HACCC, or any other housing authority, money may be denied admission to the public housing or housing choice voucher programs in the future unless the debt is repaid. Past participants can be denied admission in the future even if their debt has been written off.
FISCAL IMPACT
Uncollectable accounts impact on the budget by reducing total rental income. At the end of each quarter, the Housing Authority of the County of Contra Costa (HACCC) writes off those accounts that have been determined to be uncollectable. Once an account is written off, it can be turned over to a collection agency. For the two quarters beginning October 1, 2014 and ending March 31, 2015, the collection loss write-off total is $80,629.75.
CONSEQUENCE OF NEGATIVE ACTION
Should the Board of Commissioners elect not to adopt Resolution No. 5188 these accounts would inflate the total accounts receivable for HACCC and present an inaccurate financial picture.
CLERK'S ADDENDUM