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2.1 December Check Register <br /> 2.2 December 16,2014 Previous Meeting Minutes <br /> 2.3 Financial Statements <br /> 2.4 2015 Tariffs <br /> 2.5 2015 Tri-County Action Program Services Agreement <br /> Al Nadeau seconded the motion. Motion carried 3-0. <br /> 3.0 OPEN FORUM <br /> No one appeared for open forum. <br /> 4.0 OLD BUSINESS <br /> There was no old business. <br /> 5.0 NEW BUSINESS <br /> 5.1 2014 4th Quarter Delinquencies <br /> Theresa Slominski presented the delinquent items for the fourth quarter. Our budgeted <br /> amount for collections and write-offs are $105,000 or.32%Uncollectable Accounts per <br /> Revenue Dollar. Our write-offs for the year are well below that number, at a total of <br /> $16,276.79 or.05%. According to APPA's most recent published standard ratios(2012), <br /> the industry standard is between .10%and .41%. Theresa shared that we have a significant <br /> balance with Revenue Recapture and we'll begin to see those amounts coming in the first <br /> quarter of 2015. The Commission had a few questions. Staff responded. <br /> Al Nadeau made a motion to approve the 4th Quarter Delinquencies. Daryl <br /> Thompson seconded the motion. Motion carried 3-0. <br /> 5.2 Customer Deposit Policy Review <br /> p v <br /> In 2008 and 2009 the downturn of the economy resulted in a significant increase in utility <br /> customer delinquencies, customer disconnections due to those delinquencies, and then <br /> ultimately bad debt being written off. ERMU began addressing this issue through <br /> procedural and policy changes in an effort to minimize risk and limit subsidization of the <br /> bad debt. In March of 2010 the Utilities Commission adopted a Customer Deposit Policy. <br /> Page 2 <br /> Regular meeting of the Elk River Municipal Utilities Commission <br /> January 13,2015 <br />