R2000-106 09-25-00 RESOLUTION NO. R2000-106
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PEARLAND, TEXAS, DEDUCTING $82,088.93 IN BAD DEBT FROM
THE CITY'S FINANCIAL STATEMENTS.
WHEREAS, the City currently has an allowance in the amount of
¢116,753.91 set aside, which represents ¢82,088.93 in bad debt; and
WHEREAS, most of this amount is comprised of old unpaid water and sewer
accounts which are practically uncollectible; and
WHEREAS, the City's auditing firm has recommended that the City write off
this bad debt from the City's financial statements; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. That the 982,088.93 in bad debt represented by the list of
individual accounts attached hereto as Exhibit "A" is hereby deducted from the City's
accounts receivable amount on the City's financial statements.
Section 2. That the City reserves its rights to take any necessary steps to
collect these amounts, and that the foregoing action is not intended and shall not be
construed as a waiver of said rights.
PASSED, APPROVED and ADOPTED this the 25 day of September ,
A.D., 2000.
TOM REID
MAYOR
RESOLUTION NO. R2000-106
ATTEST:
0 NG Ib~G/'
APPROVED AS TO FORM:
DARRIN M. COKER
CiTY ATTORNEY
2
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