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MEMORANDUM <br /> <br />'ICASAI RUS COUr I <br /> NOf][l~ CAI]OLI~A <br /> <br />NO ACTION REQUIRED <br /> <br />To: <br /> <br />From: <br /> <br />Date: <br /> <br />Subject: <br /> <br />Blair Bennett <br />Linda Morgan <br />Debbie Farmer <br /> <br />Susan Fearrington <br /> <br />April 18, 2002 <br /> <br />Ambulance Receivable Write Off <br /> <br />Per discussion with our auditors during the 2000-2001 fiscal year, it was <br />agreed that we only need to keep three years plus the current year of <br />receivables in our general ledger. A calculation was done that determined <br />that after three years of trying to collect an ambulance bill, 45.88% of the <br />original year receivable would not be collected. In order to keep three years <br />plus the current year in the ambulance receivable, the following amounts <br />would need to be written off: <br /> <br />1988 to 1997 $ 5,965.15 <br />1997-1998 265,493.71 <br /> <br />Please consider writing these amounts off before the'June 30, 2002 year end. <br />Doing this write off would leave the current years in the Ambulance <br />Receivable account: <br /> <br />FY 1999 <br />FY 2000 <br />FY 2001 <br />FY 2002 <br /> <br />If you have any questions, please contact me at ext. 2894. <br /> <br /> Finance Department <br /> <br /> <br />