Electric Fund Write-Offs
Town staff and ElectriCities have cooperatively worked at collecting finaled electric accounts to accurately reflect the amount customers owe the Town. Commensurate with last year, staff recommends that annually the Board approve write offs of amounts that have proved uncollectible for more than 3
years. While this will not stop our collection efforts (these amounts will remain with our collection agency and we will continue to seek collection through the use of NC Debt Setoff program for accounts over $50), our financial statements will no longer report the amounts as likely collectible. Since FY 2013,
when the Debt Setoff program was initiated, the Town has collected $104,050.23 in uncollectible electric debt.
Staff is requesting the Board approve write offs from FY 2023 totaling $33,482.96. In total, the Town has collected 99.50% of revenue billed in FY 2023. The Town Board last approved write offs in October 2025.
Approve the FY2023 write off uncollectible accounts.