5.2 ERMUSR 02-14-2017 - Laserfiche WebLink

Home Browse Search

Amounts submitted for the quarter to the collection agency (A) are $9,317.61. There is a large dollar amount of$8,832.86 for a business that left town with a balance owing. (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.) The amount submitted to Revenue Recapture and also submitted to the Collection Agencies (B)total $13,147.28. The fourth quarter totals for(A) and(B) are $22,464.89. To break these totals down by provider, it is $21,089.82 for Electric, $189.19 for Water, $179.70 for Sewer, $34.66 for Trash, $927.42 for Franchise Fees, and $44.10 for Storm Water. The amount for fourth quarter Write-Offs is $3,513.66, with a year-to-date total of$2,907.33 (including a$1,265.49 reduction due to collections on amounts previously written off.) 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 and including RR, for the year are below the national average, at.013%excluding RR and .15% including RR. ACTION REQUESTED: Staff recommends that the Elk River Municipal Utilities Commission accept this delinquent amounts listing for the fourth quarter of 2016. ATTACHMENTS: • Color-Coded Recap Delinquent Items Comparisons for 2015/2016 • Fourth Quarter 2016—Delinquent Amounts Listing vPOWERED OY Page 2 of 2 NATURE Reliable Public Power Provider P OWERE0 To SERVE 128