Yorkton City Council wrote off just over $50,000 in accounts Monday evening but that number is small says the city's Director or Finance Lonnie Kaal when compared with the amount of revenue that was generated in 2011.
Write-offs include $16,000 for the Yorkton Curling Club, $15,557 from the Yorkton Terriers and $2,861 for a now defunct hockey team out of Manitoba.
"Historically the annual budget allows for $80,000 for write-offs including losses on tax title property," says Kaal. "This is less than one half of one per cent of annual revenues when excluding grants, surcharges and other certain income." The low percentage is indicative of good follow by all departments and finance.
"I'm very pleased with the write-off amount, it's a credit to all the departments..."
Accounts are only written off, says Kaal, after all means of collection have been exhausted, including using a collection agency out of Saskatoon.
"Unfortunately, some losses are unavoidable."
In total, city-wide- there was just over $31 million in revenue and $16,000 in write-offs. "I don't think you can complain too much about that."
