ALBUQUERQUE BERNALILLO COUNTY
WATER UTILITY AUTHORITY
BILL NO. R-18-4 |
RESOLUTION
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Authorizing the Removal of Certain Uncollectable Accounts from the Albuquerque Bernalillo County Water Utility Authority's Accounts Receivable Records FY2013 and Prior
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WHEREAS, Pursuant to NMSA 1978 ? Section 3-37-7, pertaining to the determinations of uncollectable accounts and their removal from accounts receivable, the Chief Financial Officer (CFO) has submitted herewith a list of accounts receivable which were incurred in providing the Albuquerque Bernalillo County Water Utility Authority (Water Authority) services and owed to the Water Authority; and
WHEREAS, the CFO states that diligent efforts have been made to collect these accounts receivable commensurate with the amounts due; and
WHEREAS, the CFO has determined that these accounts receivable are uncollectable and have been uncollectable for more than four years; and
WHEREAS, the uncollectable accounts receivable has been deemed "time barred debt", defined as any debt that is not enforceable in a judicial proceeding because the applicable statute of limitations has run; and
WHEREAS, because this debt is legally uncollectable, it is not a "donation" to a private party in violation of the anti-donation clause of the New Mexico Constitution, N.M. Const. Art. IX, Section 14; and
WHEREAS, an allowance for doubtful accounts has been recorded on the Water Authority financial records which is more than sufficient to cover the uncollectable accounts; therefore, there will be no impact on the current fund balances.
NOW THEREFORE, BE IT RESOLVED BY THE WATER AUTHORITY:
The Water Authority Board hereby directs that the Water Authority's uncollectable accounts receivable in the amount of $155,629.02 as shown in Exhibit A which is attached hereto and by this reference and made part hereof shall be removed from the Water Authority's accounts receivable records as uncollectable in accordance with the provisions of NMSA...
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