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CITY OF CASSELBERRY <br />Budget Amendment Request <br />BA #: 11-039 <br />DATE: July 25, 2011 <br />TO: Barbara Lipscomb, City Manager <br />FROM: Rebecca Bowman, Accounting Manager <br />EXPLANATION OF REQUEST: <br />This item seeks City Commission approval to reduce the balance of special assessments held by the <br />City due to the unlikely collectability of the balance. Financial accounting standards dictate that when a <br />balance is not likely to be collected, it must be removed from the general ledger. This amendment <br />removes the remaining balance of all special assessments ranging from 1976 to 1990 from the accounts <br />receivable balance of the City's general ledger. <br />Account Number <br />Account Description <br />Amount <br />Increase: <br />001-0000-389.90-00 <br />Fund Balance <br />$137,581 <br />219-0000-389.90-00 <br />Fund Balance <br />$113,257 <br />001-0190-590.01-00 <br />Bad Debt Expense <br />$137,581 <br />219-0190-590.01-00 <br />Bad Debt Expense <br />$113,257 <br />F_ <br />REQUESTED BY: <br />Department Director --- <br />FINANCE DEPT: <br />COMMISSION ACTION: <br />approved denied <br />Date: ;, �.-- z 0 — I <br />Date: 4 <br />Finance Use Only: entered by: date: count: batch# <br />