5.5. ERMUSR 10-21-2014 - Laserfiche WebLink

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$252.08 are accounts sent to a collection agency for further collection efforts, and $351.00 are written off with no further collection efforts. (Both of these amounts will only appear on this quarterly report.) The year to date total for collections is $9,537.97, compared to $6,637.43 in 2013. If you'll remember, we submitted a large amount to collections for a single business that accounts for the large increase in the collection agency total. The year to date total for write -offs is $3288.19, compared to $2,275.15 in 2013. We had three bankruptcies and two deceased situations this quarter. We sent $13,485.04 through Revenue Recapture. The year to date total is $14,290.09, compared to ($5,553.52) in 2013 where collections were so much greater than submissions. We have now filed with the state a net total of $65,389 that will remain in the system until it is collected, or we remove it. We will continue to evaluate the risk of permanent default on the accounts that have the longest duration in the RR system and determine any amounts necessary for removal. I have also presented the color -coded recap comparisons with last year, identifying the various categories and the running totals. When comparing the far right columns for 2014 and 2013, we had lower delinquent items in 2013 because we collected more through RR than we had submitted, and that was not recurring this year, as well as some increased activity noted above. Our budgeted amount for collections and write -offs are $105,000 or .32% Uncollectible Accounts per Revenue Dollar. Our write -offs for the year are well below this number, at a total of $12,828.16 or .037 %. According to APPA's most recent published standard ratios (2012), the industry standard is between .10% and .41 %. Per State Statute 13.685 for Utility Billing Data, the attached report is not public information and has been excluded from the public copy and final copy storage of commission meeting information, and the names have also been omitted in the packet copy. ACTION REQUESTED: Staff recommends that the Elk River Municipal Utilities Commission accept this delinquent amounts listing for the third quarter of 2014. Reliable Public Power Provider 71 P0VEI10 ®1 ATURE P O W E R E D To S E R V E