HomeMy Public PortalAboutFinance Department Report - 2010
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Finance
Aging Report
The Aging Report from Finance is attached. You will note that the names of the developers and developments have been added, as well as, the status of most of the projects and what
leverage we have to insure payment of these outstanding bills. We have adopted a policy to not allow any further approvals from the City for these projects which owe money for Development
Review performed by CH2M Hill. Most of the amounts due are plan review charges from CH2MHill, the developers have not paid, usually due to projects that have gone inactive. Staff will
write off the old balances as uncollectible (bad debt) as an FY10 adjusting entry at year end. The Treasurer and the Community Development Director will meet to determine and put in
place a mechanism to ensure that the amounts written off will be collected should the development projects be moved forward once again.
Updated
Finance
Audit
The City’s Auditors, Eidebailly LLP, are in McCall the this week, January 4, 2011 through January 7, 2011, and the week of January 10, 2011 to perform the FY10 audit.
Updated