The Director of Finance, with the concurrence of the City Manager and also of the Director of Law or Deputy Law Director, may determine that a financial obligation owed to the City is uncollectable and may delete such obligation from the City's current accounts. In determining that an obligation is uncollectable, the Director of Finance shall adhere to the Generally Accepted Accounting Principles (GAAP) for governmental entities and other applicable legal and accounting requirements.
(Ord. 06-11. Passed 1-17-06.)