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2 <br /> FINANCIAL IMPACT: There is no impact to the County's balance sheet or fund balance from <br /> writing off these 2007-2013 accounts. Due to the age of these account balances, these accounts <br /> have been adjusted off the County's accounts receivable balance as part of the allowance for <br /> doubtful accounts (bad debt) computation. The bad debt computation is required pursuant to <br /> generally accepted accounting principles for financial reporting purposes. The total amount of <br /> personal property and registered motor vehicle ad valorem property tax being submitted for relief <br /> from collecting debt from the years 2007 through 2013 is $1,159,830.88. <br /> SOCIAL JUSTICE IMPACT: There is no Orange County Social Justice Goal impact associated <br /> with this item. <br /> ENVIRONMENTAL IMPACT: There is no Orange County Environmental Responsibility Goal <br /> impact associated with this item. <br /> RECOMMENDATION(S): The Manager recommends that the Board approve and direct the Chief <br /> Financial Officer and the Tax Administrator to account for and release all debts charged for the <br /> purpose of ad valorem personal property and classified motor vehicle tax in excess of ten (10) <br /> years from the record. <br />