5.3. ERMUSR 02-12-2019 - Laserfiche WebLink

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• The amounts submitted to Revenue Recapture were very comparable to the prior year, although amounts submitted in each quarter were varied. The 2018 RR amount shown in purple is$33,116.58. • Write Offs are considerably higher in 2018 and are shown in orange at $13,571.41. The biggest impact to the Write-Offs increase over the prior year is a result of removing items from the RR program due to a six year limit mandated by the state. We have had to remove, and write-off, a total of$12,234.22 from RR this year. However, that still leaves us$3,189.35 ahead with the$15,423.57 we have collected so far this year through RR. The attached report listing shows those dollars submitted to both the Collection Agency and RR. The fourth quarter totals are $10,292.97. To break these totals down by provider, it is $9,354.30 for Electric, $540.51 for Franchise Fees, $214.66 for Water, $104.12 for Sewer, $19.83 for Trash, and $59.55 for Storm Water. We have seen an increase in items we are attempting to collect with the additional customer base we have acquired. The amount for fourth quarter Write-Offs is$3,206.46 which includes: small balances of$2.88, bankruptcies of$62.12, deceased parties of$196.59, uncollectible amounts from collection agency of$25.00, and amounts removed from RR meeting the six year limit with the state program of$2,919.87. Our budgeted amount for collections and write-offs are $105,000, or .27% uncollectible accounts per revenue dollar. According to the American Public Power Association's most recent published standard ratios (2015),the industry standard is between .17%and .37%. Interestingly, the Northern/Central Plains average is .09%. Our totals for the year are below the national average, at .035%. ATTACHMENTS: • 2018 Fourth Quarter Delinquent Items Comparison • 2018 Fourth Quarter Delinquent Items Submitted Page 2 of 2 63