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HomeMy WebLinkAboutFIN 2022-09-12 Item 1B - Resolution - Cancellation of Past Due Accounts Receivable City of Tukwila Allan Ekberg, Mayor INFORMATIONAL MEMORANDUM TO: Finance & Governance Committee FROM: Vicky Carlsen, Finance Director BY: Cindy Wilkins, Fiscal Specialist CC: Mayor Ekberg DATE: September 12, 2022 SUBJECT: 2022 Reporting of Abandoned Property to the Washington State Department of Revenue Unclaimed Property Section ISSUE Annual write-off of outstanding and unredeemed accounts payable and payroll claims. BACKGROUND Each year by November 1st, the City of Tukwila reports abandoned or unclaimed property that is owed either to individuals or business vendors to the Washington State Department of Revenue Unclaimed Property Section and removes these items from the accounting records. All local governments are required to report unclaimed property except unclaimed restitution. Normal restitution is then reported each year by the County Treasurer to the State Treasurer. Current Finance Department policy dictates that all abandoned or unclaimed property be reported annually to the Washington State Department of Revenue Unclaimed Property Section through the Council approved resolution process. DISCUSSION For the 2022 unclaimed property report year, reporting of abandoned or unclaimed property totals $8,723.15 comprised of General Fund Accounts Payable Claims checks, Payroll checks, and Court checks. To the extent possible, those individuals and businesses with unclaimed accounts payable claims and payroll checks have been notified by the City through “good faith” effort of being mailed due diligence letters. These individuals and businesses have either not responded to the due diligence notifications and/or cannot be located to claim their property. RECOMMENDATION The Council is being asked to approve the Resolution declaring the cancellation of unclaimed General Fund accounts payable claims and payroll checks, and municipal court checks and consider these items on the Consent Agenda at the September 19, 2022 Regular Council Meeting. ATTACHMENTS Proposed Draft Resolution 2022 Unclaimed Property Summary Report 9 10 Page 1 of 2 DRAFT A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, AUTHORIZING THE CANCELLATION OF OUTSTANDING GENERAL FUND CLAIMS AND PAYROLL CHECKS AND MUNICIPAL COURT CHECKS. WHEREAS, the State of Washington, Department of Revenue Unclaimed Property Section, for the reporting on year 2021, requires a one-year dormancy period for outstanding claims and payroll checks issued from the General Government Fund and a two-year dormancy period for Municipal Court checks; and WHEREAS, the City of Tukwila Finance Department has made all reasonable attempts to resolve the outstanding, unredeemed General Fund claims; and WHEREAS, the City Council of the City of Tukwila wishes to cancel all outstanding, unclaimed General Fund claims and payroll checks and Municipal Court Checks issued prior to July 1, 2021; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, HEREBY RESOLVES AS FOLLOWS: The Tukwila City Council authorizes the cancellation of General Fund checks as detailed on Attachment A, the 2022 Unclaimed Property Summary Detail Report. PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Regular Meeting thereof this _______ day of _________________, 2022. 11 Page 2 of 2 ATTEST/AUTHENTICATED: Christy O'Flaherty, MMC, City Clerk Thomas McLeod, Council President APPROVED AS TO FORM BY: Filed with the City Clerk: Passed by the City Council: Resolution Number: Office of the City Attorney Attachment A: 2022 Unclaimed Property Summary Report (7/1/2020 – 6/30/2021) 12 At t a c h m e n t A - 2 0 2 2 U n c l a i m e d P r o p e r t y S u m m a r y R e p o r t - R e p o r t i n g P e r i o d 7 / 2 0 / 2 0 2 0 - 6 / 3 0 / 2 0 2 1 Ac c o u n t s P a y a b l e Ch e c k # D a t e Ve n d o r DE S C De p t I N V D A T E I N V O I C E A M T GL C o d e PA 38 4 3 1 1 0 8 / 0 3 / 2 0 2 0 0 0 3 2 3 3 W A Y B A C K I N N F O U N D A T I O N T R A N S I T N L H O U S I N G 4 / 1 / 2 0 - 6 / 3 0 / 2 0 AD M 0 7 / 1 5 / 2 0 2 0 8 0 3 2 0 1 7 2 , 9 5 1 . 0 6 0 0 0 . 0 4 . 5 5 7 . 2 0 1 . 4 1 . 0 0 38 4 7 2 0 1 0 / 1 9 / 2 0 2 0 0 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