The Department of Revenue will hold its annual Accounts Review Panel virtually this year, allowing the public to monitor how the city manages aged debts scheduled for clearance. The meeting is set for September 24 at 10 a.m. and can be accessed online, according to the City of Philadelphia website.
City officials clarified that removing aged debts from financial statements does not end collection efforts. While these amounts will no longer appear on the City’s ledger, the Department of Revenue confirmed the debts remain active liabilities, and attempts to recover them will continue. The adjustment is intended to ensure the City’s books accurately reflect the funds it can realistically expect to collect, as per the city's announcement.
To join the meeting, participants can access it through Microsoft Teams using the meeting ID 273 814 736 615 1 and passcode BW2vd7qD. For those who prefer calling in, the dial-in number is (267) 404-3440, with additional local numbers available on the Department of Revenue’s website.
The Accounts Review Panel, made up of city officials and fiscal experts, will lead the discussion. The session is open to the public, offering residents an opportunity to observe the city’s approach to financial transparency. Attendees will be able to follow deliberations on clearing aged debts and gain insight into decisions that shape the city’s fiscal management.
