5.3. ERMUSR 11-15-2016 - Laserfiche WebLink

Home Browse Search

Amounts submitted for the quarter just to Collection Agencies (A)total $3,819.34. The amount submitted to Revenue Recapture and also submitted to the Collection Agencies (B) total $10,896.75. (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.) We have collected $32,356.81 from RR in 2016. This is over 100% of those dollars submitted but we are also collecting for prior year submissions. (Of note, included in the $32,356.81 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 third quarter totals for(A) and (B) are $14,716.09. To break these totals down by provider, it is $13,669.51 for Electric, $1,035.24 for Franchise Fees, and $11.34 for Storm Water. The amount for third quarter Write-Offs is $659.16. 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.067% (and .086% including RR). ACTION REQUESTED: Staff recommends that the Elk River Municipal Utilities Commission accept this delinquent amounts listing for the third quarter of 2016. ATTACHMENTS: • Delinquent items submitted to Collection Agencies and Revenue Recapture • Color-coded recap Delinquent Items Comparisons POMEHE0 i Page 2 of 2 NATURE Reliable Public Power Provider P o WERE o To S ERVE 113