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Board of County Commissioners Meeting Minutes - Final October 22, 2024 <br />D. Information Technology <br />E. Natural Resources <br />F. Office of Management and Budget <br />G. Parks, Recreation, and Conservation <br />H. Planning and Development Services <br />I. Public Works <br />J. Utilities Services <br />12.J.1. 24-0843 Utility Accounts Receivable Bad Debt Write Offs and Foreclosure Activity <br />Recommended Action: Staff recommends that the Board of County Commissioners authorize staff to <br />classify as bad debt expense the $160,458.03 in penalties and interest that were <br />waived <br />Attachments: Staff Report <br />Utility Finance Manager Brian Beavers appeared before the Board to present <br />utility debt settlement agreements which were reached in fiscal year 2023/24. He <br />noted that seven (7) of ten delinquent accounts had completed all payment <br />arrangements, and that the Utility had incentivized those account holders by <br />waiving a total of $160,458.03 in penalties and interest. He also informed that the <br />Utility Department completed its fust foreclosure sale on a delinquent account; a <br />second account was foreclosed upon by a different department. He closed his <br />report with an overview of the debt reduction achieved since 2020, and the $1.7 <br />million of current debt from properties either in the foreclosure process, or more <br />than 120 days delinquent. Staff requested the Board's approval to classify the <br />waived penalties and interest as bad debt expense. <br />A motion was made by Vice Chairman Flescher, seconded by Chairman <br />Adams, to approve staffs recommendation. The motion carried by the <br />following vote: <br />Aye: 5 - Chairman Adams, Vice Chairman Flescher, Commissioner Earman, <br />Commissioner Moss, and Commissioner Loar <br />13. COUNTY ATTORNEY MATTERS <br />14. COMMISSIONERS MATTERS <br />A. Commissioner Susan Adams, Chairman <br />B. Commissioner Joseph E. Flescher, Vice Chairman <br />Indian River County Florida Page 7 <br />