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AG 2018 09 17
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AG 2018 09 17
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Last modified
5/8/2019 7:18:45 PM
Creation date
5/2/2019 12:14:31 PM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
9/17/2018
Board
Board of Commissioners
Meeting Type
Regular
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Cabarrus County Finance Department <br />To: Susan B Fearrington, Finance Director <br />Copy: Jimmy Lentz, EMS Director <br />From: Suzanne Burgess, Finance, Assistant Finance Director <br />Date: August 06, 2018 <br />Subj: Write-off of Uncollectible Accounts Receivable - Ambulance <br />Cabarrus County's year-end procedure includes adjusting the Accounts Receivable - <br />Ambulance balance to include the outstanding balances for the closing year plus the <br />three preceding fiscal years. Therefore, at June 30, 2018, the Accounts Receivable - <br />Ambulance balance should include outstanding amounts owed for fiscal years 2015 <br />through 2018, totaling $8,938,520. <br />The current Accounts Receivable- Ambulance general ledger balance is $10,085,145 <br />and needs to be adjusted by writing off a total of $1,146,625. <br />The proposed write-off amount represents unpaid account balances for fiscal year 2014. <br />Historical analyses indicate amounts are no longer collectible in the fourth year following <br />billing. <br />The County's third -party billing company, EMS Management & Consultants, is <br />responsible for ensuring all claims are filed timely with insurance companies. In addition, <br />the County's Emergency Medical Services staff are diligent in attempting to collect past - <br />due balances through the use of a collection agency, gamishments and the State's Debt <br />Setoff program. <br />Please submit the write-off request to the Board of Commissioners for approval. Writing - <br />off the fiscal year 2014 balance does not prevent the collection of these outstanding <br />balances. It simply allows the Finance Department to adjust the Accounts Receivable - <br />Ambulance balance to accurately reflect the balance which is considered collectible. <br />65 Church Street BE (28025) • P.O. Box 707 Concord, NC 28026-0707 <br />Phone: 704.920.2104 • Fax: 704.920.2881 <br />Website: w .cabarruscounty.us <br />F-8 Page 190 <br />
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