5.2. ERMUSR 05-10-2016 - Laserfiche WebLink

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the hopes that they will be collected. Items not collected by assessment time are removed from RR and assessed instead. Amounts submitted for the quarter to Collection Agencies (A) total $1,560.08. (When comparing to the first quarter of 2015, we were not able to extract a report from our software conversion in February and so only RR was utilized in that first quarter and there are no collection agency dollars presented.) Amounts submitted to RR and the Collection Agency are not included here, they are included in the RR amounts. Amounts submitted for the quarter to Revenue Recapture (R) are $6,646.36, including $2,089.58 also submitted to the collection agency. (As mentioned above, for those funds submitted to both resources, as we collect from either resource we remove the dollars at the second resource.)Note that assessable items are also included here as mentioned above. We have collected $21,830.32 from RR in 2016, over 100% of those dollars submitted since we are also collecting for prior year submissions. (Of note, included in the $21,830.32 collected is $10,500 for a commercial account in Otsego that we wrote off in 2015 for$42,219.73. This is probably the only amount we will ever collect on this account.) The first quarter totals for(A), (B), and(R) are $8,206.44. To break these totals down by provider, it is $6,560.35 for Electric, $257.75 for Water, $518.05 for Sewer, $260.12 for Trash, $506.97 for Franchise Fees, and $103.20 for Storm Water. The amount for fourth quarter Write-Offs is ($927.42), a credit due to collections on amounts previously written off, which is very typical in the first quarter. Our budgeted amount for collections and write-offs are $105,000, or.27%uncollectible accounts per revenue dollar. According to APPA's most recent published standard ratios (2013), the industry standard is between .18% and .37%. Our totals, excluding RR, for the year are below the national average, at.002% (and .019% including RR). ACTION REQUESTED: Staff recommends that the Elk River Municipal Utilities Commission accept this delinquent amounts listing for the first quarter of 2016. ATTACHMENTS: • Delinquent items submitted to Collection Agencies and Revenue Recapture • Color-coded recap Delinquent Items Comparisons P- OWERED BY Rif �j Page 2 of 2AURE Reliable Public Power Provider P OWERED To S ER VE 124