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5G
GREAT OAKS DEVELOPMENT CORPORATION
MEMORANDUM
DATE: January 13, 2026
TO: Board of Directors,
Great Oaks Development Corporation
FROM: Lysandra M. Shaw, President {W
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 ten accounts recommended for charge-off action with a total dollar value of
$4,486.80. This represents .22% of Great Oaks Apartments net rental revenue. We
budget 2% for bad debt at Great Oaks Apartments.
Last year, we charged off $5,098.68 (seven accounts).
Adoption of the attached resolution authorizing the charge-off in the total amount of
$4,486.80 for the twelve-month period ending September 30, 2025, is recommended.
LMS/LKD
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