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Funding: <br />Funds in the total amount of $732,604.80 to cover the expenses for this project will come from the <br />Utilities/Cust Svc/Bad Debt-Water/Sewer (FY 21/22) account, number 47126536-036510, in the amount <br />of $632,604.80, and the Utilities/Gen & Eng/Legal Services (FY 22/23) account, number 47123536- <br />033110, in the amount of $100,000.00, both of which are in the Utilities operating fund. Utilities <br />operating funds are derived from water and sewer sales. A budget amendment will be required to cover <br />the $632,604.80 bad debt amount for FY 21/22 from Utilities/Cash Forward -Oct 1S` <br />Account Name Account Number Amount <br />Utilities/Cust Svc/Bad Debt-Water/Sewer (FY 21/22) 47126536-036510 $632,604.80 <br />Utilities/Gen & Eng/Legal Services (FY 22/23) 47123536-033110 $100,000.00 <br />Recommendation: <br />Staff recommends that the Board of County Commissioners: <br />• Authorize staff to classify as bad debt expense the $632,604.80 in penalties and interest that <br />was waived; <br />• Authorize the Director of Management and Budget to process a budget amendment from the <br />Utilities operating fund balance (cash) to cover the $632,604.80 expense; <br />• Authorize staff to work with the County Attorney's office to process any potential foreclosures; <br />and, <br />• Authorize staff to seek outside counsel, if needed, in assisting with these foreclosures. <br />Attachment: <br />Notice of Future Potential Connection Charges <br />136 <br />Page 3 of 3 <br />