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SQ
LOWER JEFFERSON AVENUE DEVELOPMENT CORPORATION
MEMORANDUM
DATE: January 15, 2026
TO: Board of Directors,
Lower Jefferson Avenue Development Corporation
FROM: Lysandra M. Shaw, President es
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 five accounts recommended for charge-off action with a total dollar value of
$7,565.71. This represents 2.5% of Jefferson Brookville Apartments net rental revenue.
We budget 2% for bad debt at Jefferson Brookville
Apartments.
The average amount per vacated account is $1,513.14. Last year, we charged off
$26,496.78 (five accounts).
Adoption of the attached resolution authorizing the charge-off in the total amount of
$7,565.71 for the twelve-month period ending September 30, 2025, is recommended.
LMS/LKD
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