Title
Approval of Incorporated County of Los Alamos Resolution No. 19-23. A Resolution Removing Uncollectible Utility Accounts from the Incorporated County of Los Alamos' Accounts Receivable List for Fiscal Year 2014
Recommended Action
I move that the Board of Public Utilities approve Incorporated County of Los Alamos Resolution No. 19-23. A Resolution Removing Uncollectible Utility Accounts from the Incorporated County of Los Alamos' Accounts Receivable List for Fiscal Year 2014, and forward to the Council with a recommendation for approval.
Staff Recommendation
Staff recommends that the Utilities Board approve Resolution No. 19-23; A Resolution Removing Uncollectible Utility and Miscellaneous Receivable Accounts from Accounts Receivable List of Los Alamos County and forward to the Council with a recommendation for approval.
Body
Pursuant to 3-37-7 NMSA 1978, it is requested that the County Utilities Board approve the write off of these uncollectible accounts. These accounts have been uncollectible for four (4) or more years, and all avenues for collection by the county have been exhausted. Once the Utilities Board has formally approved the write-offs for utility charges, a resolution will be prepared for County Council approval.
The New Mexico Attorney General’s Opinion 70-88 indicated that writing off such uncollectible accounts has no effect on the County’s future right to collection if circumstances change, and if collection is not barred by the applicable statute of limitations.
The amount of write-off for each utility was determined from the actual amounts billed. APPA reports that comparably sized utilities (5,000 - 10,000 customers) have a weighted average of .0046 per revenue dollar in FY2014. The County has a ratio of .002 for FY2014, excluding sales to DOE. This shows that FY2014 the County’s ratio of uncollectible utility accounts is significantly lower than other similar size utilities.
Write-offs for fiscal year 2014 c...
Click here for full text