HomeMy WebLinkAbout415 - General Accounts Receivable Late Fees CITY OF REDDING, CALIFORNIA
COUNCIL POLICY
SUBJECT RESOLUTION POLICY EFFECTIVE PAGE
NUMBER NUMBER DATE
GENERAL ACCOUNTS RECEIVABLE
LATE FEES 92-426 0415 10/20/921 1
BACKGROUND
The Finance Department is charged with responsibility for adminis-
tering general accounts receivable for the City. In order to
establish uniformity in City Council policy with past accounts
receivable practice as well as utility account policy, it is
fiscal!v responsible and appropriate that the City Council adopt
a polic~ regulating general accounts receivable late fees.
PURPOSE
The purpose of this policy is to provide a uniform and consistent
guideline for assessing late fees on delinquent General Accounts
Receivable.
POLICY
All General Accounts 'Receivable will be assessed a late fee of
1.5 percent to be applied to the delinquent unpaid balance each
month.
CR 0049