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circ:bills:unrecoverable_debt [2017/07/21 17:51] – ↷ Page moved from bills:unrecoverable_debt to circ:bills:unrecoverable_debt tmccannacirc:bills:unrecoverable_debt [2018/02/26 22:23] tmccanna
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-====== Unrecovered Debt ======+====== Unrecovered Debt / Uncollectable Debt ======
  
 In 2007, the following procedure was agreed upon. However, the library director that requested the development left PINES before development was done, and the project was cancelled: In 2007, the following procedure was agreed upon. However, the library director that requested the development left PINES before development was done, and the project was cancelled:
  
-As a measure to bring library accounting practices in line with Governmental Accounting Standards Board regulations, the Executive Committee has decided to adopt a procedure for marking fines/fees owed by patrons for over three years “unrecovered debt.”  This status will be applied at the per-circulation-transaction level to such fines and fees [2007.09].+"As a measure to bring library accounting practices in line with Governmental Accounting Standards Board regulations, the Executive Committee has decided to adopt a procedure for marking fines/fees owed by patrons for over three years “unrecovered debt.”  This status will be applied at the per-circulation-transaction level to such fines and fees [2007.09]."
  
 At this time, each library system is responsible for developing its own procedures for handling old, 'unrecoverable' debt on patron accounts. At this time, each library system is responsible for developing its own procedures for handling old, 'unrecoverable' debt on patron accounts.
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 +See Also: {{ :circ:bills:legal_issues_in_ga_pub_lib.pdf |Legal opinions regarding old debt, page 18+}}
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circ/bills/unrecoverable_debt.txt · Last modified: 2018/10/11 20:15 by 127.0.0.1