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SQA
CYPRESS TERRACE DEVELOPMENT CORPORATION
MEMORANDUM
DATE: January 14, 2026
TO: Board of Directors,
Cypress Terrace Development Corporation
FROM: Lysandra M. Shaw, President yo
SUBJECT: Tenants’ Accounts Receivable Charge-off, Twelve Months,
Ending September 30, 2025
The attached list of proposed charge-offs of Tenants’ Accounts Receivable is presented
for your review and approval.
There are seven accounts recommended for charge-off action with a total dollar value of
$11,385.82. This represents 5.1% of Cypress Terrace Apartments net rental revenue.
We budget 2% for bad debt at Cypress Terrace.
The average amount per vacated account is $1,626.54. Last year, we charged off
$5,630.40 (three accounts).
Adoption of the attached resolution authorizing the charge-off in the total amount of
$11,385.82 for the twelve-month period ending September 30, 2025, is recommended.
LMS/LKD
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