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>"(44h <br /> Elk River <br /> Municipal Utilities UTILITIES COMMISSION MEETING <br /> TO: FROM: <br /> Elk River Municipal Utilities Commission Theresa Slominski—Finance and Office Manager <br /> John Dietz—Chair <br /> Al Nadeau—Vice Chair <br /> Daryl Thompson—Trustee <br /> MEETING DATE: AGENDA ITEM NUMBER: <br /> April 9, 2013 5.1 <br /> SUBJECT: <br /> First Quarter Delinquent Items <br /> BACKGROUND: <br /> First quarter delinquent items are presented for your review. The attached report has four <br /> columns: Assessments, Collections, Revenue Recapture (RR), and Write Offs. <br /> • Assessments are delays in collecting the money owed and is assessed to the property <br /> taxes in the fall. (This number will grow each quarter delinquents are presented and <br /> once they are submitted to the County, they no longer appear on the report.) <br /> • Collections amounts are those we send to the collection agency to try and collect after <br /> we have exhausted all our internal collection efforts. <br /> • Revenue Recapture is the program through the state where funds are collected from <br /> individuals' tax refunds and remitted to us, with the balance (if any)remitted to the <br /> individual. It presents an opportunity to collect funds rather than resorting to a <br /> collection agency or having to write them off completely. (This number is an <br /> aggregate amount of all funds submitted through this process.) <br /> • Write Offs are just that, they are amounts removed from the books with no further <br /> collection efforts being extended. <br /> DISCUSSION: <br /> These amounts cover items through December 15th 2012, as those amounts would be greater than <br /> ninety days out. If we have notice of bankruptcies or deaths through March 15,`h those would <br /> also be included in these amounts. <br /> The amounts of$1,085.00 will be assessed this fall for the assessable services of water, sewer, <br /> and trash. <br /> $3,354.76 are accounts sent to a collection agency for further collection efforts, and $1,311.91 <br /> are written off with no further collection efforts. (Both of these amounts will only appear on this <br /> quarterly report.) The bulk of the items written off are bankruptcy accounts that we have no <br /> recourse with. <br /> PIUEAEO 1t <br /> Page 1 of 2 [NATURE <br /> Reliable Public <br /> Power Provider P O W E R E D T o S F R Y E <br />