Determination of uncollectable account; removal from

accounts receivable. If the finance officer of a municipality states: A. the manner in which a utility account or any unsecured account has been incurred; B. the efforts made to collect the utility account or unsecured account and to locate the debtor; C. that the utility account or unsecured account has been uncollectable for a period of more than four years; and D. that in his opinion the utility account or unsecured account is uncollectable, the governing body of a municipality may, by resolution, remove the uncollectable utility account or unsecured account from the list of accounts receivable of the municipality.