FINANCIAL BUSINESS REQUEST (FBR)
Motion/Request:
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MOTION to transfer tax accounts in the amount of $68,748.54 listed in the report dated May 1, 2024, to the “Suspense File”.
In addition, authorize the transfer of non-refundable over payments in the amount of $197.41 to the general fund listed in the report dated May 21, 2024.
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Background:
As part of year-end housekeeping the Tax Collector presents a list of accounts classified as “uncollectable” to be transferred to the “suspense list”.
This action would remove the taxes from an active status to a non-active status. However, the accounts that are being transferred would remain in the tax roll and would be flagged as a “Suspense Item”.
Except for bankruptcy or deceased, the remaining bills would be sent to a collection agency and would remain on the tax rolls for fifteen years from their due date.
As a comparison last year (FY 22/23) the Suspense File was $60,136.02.
Overpayments:
Per state statute sec.12-129 and Town of Ledyard Ordinance #200-002 over payments under $5.00 shall be transferred to the general fund for the Fiscal Year 2023/2024 in the amount of $197.41.
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Department Comment/Recommendation:
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Finance Director Comment/Recommendation:
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Mayor Comment/Recommendation:
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Meeting Action Detail:
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