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LASSITER COURTS DEVELOPMENT CORPORATION
MEMORANDUM
DATE: January 15, 2026
TO: Board of Directors,
Lassiter Courts Development Corporation
FROM: Lysandra M. Shaw, President ayn?
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 twenty-seven accounts recommended for charge-off action with a total dollar
value of $63,339.75. This represents 32.7% of Lassiter Courts Apartments net rental
revenue. We budget 2% for bad debt at Lassiter Courts.
The average amount per vacated account is $2,345.91. Last year, we charged off
$20,955.34 (fourteen accounts).
Adoption of the attached resolution authorizing the charge-off in the total amount of
$63,339.75 for the twelve-month period ending September 30, 2025, is recommended.
LMS/LKD
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