HomeMy WebLinkAboutResolutions - 1993.08.05 - 22105August 5, 1993
MISCELLANEOUS RESOLUTION #93135
BY: FINANCE COMMITTEE, JOHN P. MC CULLOCH, CHAIRPERSON
IN RE:MANAGEMENT AND BUDGET/REVISED POLICY FOR BAD DEBT WRITE OFF
To the Oakland County Board of Commissioners
Chairperson, Ladies and Gentlemen:
WHEREAS, Misc. Resolution # 92269, the 1993 General Appropria-
tions Act, incorporated the present policy for bad debt write off,
specifically, Section 25: A member of the Board of Commissioners,
the County Executive, any elected officer, the Fiscal Officer, any
other administrative officer or employee of Oakland County shall
not.... (3) forgive a debt or write off an account receivable
without appropriate authorization of the Board of Commissioners;
and
WHEREAS, implementation of and experience with the new policy
for bad debt write off reveals that it essentially works as
intended, however, there is a need to revise the policy to more
accurately reflect its practical application, such as in those
cases which are not material and, therefore can be dealt with
administratively under the authority of the Chief Fiscal Officer.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of
Commissioners authorizes Section 25 (3) of the 1993 General
Appropriations Act to add the following language:
Application of the foregoing Bad Debt Write Off Policy shall
be invoked for all amounts in excess of $1,000; transactions
of a lesser amount shall be considered within the administra-
tive authority of the Chief Fiscal Officer.
BE IT FURTHER RESOLVED that the Accounting Division submit to
the Board of Commissioners, as part of the quarterly financial
report, a listing of all bad debt write offs occurring during the
preceding three months.
Chairperson, on behalf of the Finance Committee, I move the
adoption of the foregoing resolution.
FINANCE COMMITTEE
°
Resolution #93135
August 5, 1993
Moved by McCulloch supported by Gosling the resolution be adopted.
AYES: Douglas, Garfield, Gosling, Huntoon, Jensen, Johnson, Kaczmar,
Kingzett, Law, McCulloch, McPherson, Miltner, Moffitt, Oaks, Obrecht, Palmer,
Powers, Price, Schmid, Taub, Wolf, Aaron, Crake, Dingeldey. (24)
NAYS: None. (0)
A sufficient majority having voted therefor, the resolution was adopted.
; ,UTIC)N 1/42/13
Date
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
I, Lynn D. Allen, Clerk of the County of Oakland, do hereby certify that the
foregoing resolution is a true and accurate copy of a resolution adopted by the
Oakland County Board of Commissioners on August 5, 1993 with the original record
thereof now remaining in my office.
In Testimony Whereof, I have hereunto set my hand and affixed the seal of the
County of Oakland at Pontiac, Michigan this 5th day of Aug -' 1993.
Lynr,4, U. Allen, County Clerk