Policy 6.14 - Write Off of Collectible Accounts

Each year, the President shall ensure that the Board of Trustees will be presented with a list of accounts that are determined to be uncollectible. The Board will approve the write-offs of such debt.

This write-off does not release the debt to the obligator and it is still fully enforceable. This write-off changes the status of a receivable from collectible to non-collectible at this time.

Authority: N.C.G.S. ยง105A

Adopted: March 9, 2020

Revised: November 9, 2020