Laserfiche WebLink
The amounts of$2,441.59 are accounts sent to a collection agency for further collection efforts, <br /> $2,595.12 are written off with no further collection efforts, and $16.39 that will be assessed next <br /> fall for the assessable services of water, sewer, and trash. (There are very few assessments on <br /> this fourth quarter report since we just submitted assessments to the County in November. Once <br /> they are submitted to the County, they no longer appear on the report.) <br /> Year to date, we have sent$9,179.19 to the collection agency, written off$10,435.91 with no <br /> further collection efforts, and sent $47,779.20 to RR program. We assessed $18,691.82 this past <br /> November, with the process mentioned previously. <br /> Excluding the assessable amounts, and those amounts sent to RR, this results in a year to date <br /> amount of$19,615.10 bad debt expense, or.00065% of total sales for projections of 2012. This <br /> amount is very low and is indicative of a great focus on collecting payment. Given that it is so <br /> low and we have a large amount in RR, we will have a year-end adjustment to recognize a <br /> portion of the RR amounts as bad debt. Even if we did the entire RR amount, it would be .22% <br /> bad debts as a percentage of sales. Our budgeted amount is $105,000 or.35%. According to <br /> APPA's most recent published standard ratios (2008), the industry standard is between .17% and <br /> .40%. <br /> ACTION REQUESTED: <br /> Staff recommends that the Elk River Municipal Utilities Commission accept this delinquent <br /> amounts listing for the fourth quarter of 2012. <br /> POWEOEO O / <br /> tsi g NATURE <br /> lm <br /> Reliable Public <br /> Power Provider P O W E R E D T o S E R V E <br />