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5.1. ERMUSR 04-09-2013
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5.1. ERMUSR 04-09-2013
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5/7/2013 11:11:02 AM
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City Government
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ERMUSR
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4/9/2013
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The year(s)-to-date total of$36,169.70 for RR is down from $47,779.20 submitted for 4th quarter <br /> 2012, collecting$11,609.50 as people filed their taxes. That means we collected 24%of the <br /> amounts submitted to RR,which is a pretty strong return rate. Obviously,this is the best time of <br /> year to see a large return on these delinquent amounts and there is much greater potential of <br /> collecting money through this RR program than any measure of reminder letters and phone calls. <br /> We will continue to keep you informed of these numbers through this quarterly process. <br /> For comparison, first quarter last year we reported $2,722.32 for assessments, sent$2,750.98 to <br /> the collection agency, had a total of$24,016.61 sent to the RR program, and wrote off$1,471.70 <br /> with no further collection efforts. (Last year,the prior 4th quarter RR amount was $18,263.35 and <br /> so we submitted more to RR than was collected to increase to $24,016.61 - versus the currentiS` <br /> quarter decrease mentioned above.) <br /> Our budgeted amount for collections and write-offs are $105,000 or.32%Uncollectible <br /> Accounts per Revenue Dollar. If we were to project our write-offs for the year based on this first <br /> quarter, and write-off an estimated amount of$18,000 for RR, we would total $36,666.68 or <br /> .11%. According to APPA's most recent published standard ratios (2011),the industry standard <br /> is between.20% and .37%. <br /> ACTION REQUESTED: <br /> Staff recommends that the Elk River Municipal Utilities Commission accept this delinquent <br /> amounts listing for the first quarter of 2013. <br /> ERE ' er <br /> Page 2 of 2 IPAMNATURE <br /> POWel9Publio POWERED To SERVE <br /> Power®roNtler <br />
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