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HomeMy WebLinkAboutMaster Report�4 City of Miami _~ Master Report File Number: 6787 Revision: Enactment Number: R-20-0079 File Type: Resolution File Name: Establish Write Off Policy and Procedures City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Status: ADOPTED Controlling Body: City Commission Introduced: 11/4/2019 Requesting Dept: Department of Finance Final Action Date: 3/12/2020 Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ESTABLISHING, ACCEPTING, APPROVING, AND ADOPTING CITY OF MIAMI ("CITY") POLICIES AND PROCEDURES FOR WRITE-OFFS OF THE CITY'S ACCOUNTS RECEIVABLE (COLLECTIVELY, "WRITE-OFF POLICY"), ATTACHED AND INCORPORATED AS EXHIBIT "A", PURSUANT TO SECTION 18-542(11)(D) OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AND BEST PRACTICES UNDER STATEMENTS OF THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD AND GENERALLY ACCEPTED ACCOUNTING PRINCIPLES; AUTHORIZING AND DIRECTING THE CITY MANAGER TO INSTRUCT THE DIRECTOR OF FINANCE (1) TO IMPLEMENT THE WRITE-OFF POLICY, (2) TO REPORT TO THE CITY COMMISSION ON AN ANNUAL BASIS THE RESULTS OF SUCH IMPLEMENTATION BEGINNING FOR THE FISCAL YEAR COMMENCING AS OF OCTOBER 1, 2018, AND (3) TO CREATE AND MAINTAIN A CITY REGISTRY OF DELINQUENT ACCOUNTS RECEIVABLE FOR CITY CONTRACTORS, VENDORS, SUPPLIERS, PROVIDERS, USERS, PERSONS, AND ENTITIES THAT EXCEED TWENTY-FIVE THOUSAND DOLLARS ($25,000.00) AND HAVE BEEN DELINQUENT FOR GREATER THAN ONE HUNDRED EIGHTY (180) DAYS IN PAYMENTS DUE AND PAYABLE TO THE CITY; PROVIDING FOR AN EFFECTIVE DATE. Notes: Links: Attachments: 6787 Exhibit A (PDF) 6787 Back -Up Documents (PDF) 6787 Back -Up from Law Dept (PDF) History of Legislative File: Revision: Acting Body: Date: Action: Result: Erica T Paschal 11/18/2019 Department Head Review Completed Christopher M Rose 12/2/2019 Budget Review Completed Sandra Bridgeman 12/24/2019 Assistant City Manager Review Completed Nikolas Pascual 12/26/2019 City Manager Review Completed Victoria Mendez 3/3/2020 Approved Form and Completed Correctness City Commission 3/12/2020 Meeting Completed City Commission 3/12/2020 ADOPTED Passed Mayor's Office 3/23/2020 Signed by the Mayor Completed City Clerk's Office 3/23/2020 Signed and Attested by the City Completed Clerk City Clerk's Office 3/23/2020 Rendered Completed City of Miami Page 1 of 1 Printed on: 3/31/2020