5.2. ERMUSR 08-09-2016 - Laserfiche WebLink

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Amounts submitted for the quarter to Collection Agencies (A)total $2,411.07. (When looking at the first quarter of 2015,we were not able to extract a report from our software conversion in February and there are no collection agency dollars presented.) Amounts submitted for the quarter to Revenue Recapture (R) are $8,785.97. Note that assessable items are also included here as mentioned above. We have collected $27,379.56 from RR in 2016, over 100%of those dollars submitted since we are also collecting for prior year submissions. (Of note, included in the $27,379.56 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 second quarter totals for(A) and(R) are $11,197.04. To break these totals down by provider, it is $9,191.19 for Electric, $321.72 for Water, $496.60 for Sewer, $359.65 for Trash, $682.66 for Franchise Fees, and $145.22 for Storm Water. The amount for second quarter Write-Offs is ($338.07), a credit due to collections on amounts previously written off, which is very typical in the second 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.007% (and .047% including RR). ACTION REQUESTED: Staff recommends that the Elk River Municipal Utilities Commission accept this delinquent amounts listing for the second quarter of 2016. ATTACHMENTS: • Delinquent items submitted to Collection Agencies and Revenue Recapture • Color-coded recap Delinquent Items Comparisons rOVI & EI ® r Page 2 of 2 NATURE Reliable Public Power Provider POWERED T O SERV E 62