5.2 ERMUSR 08-13-2019 - Laserfiche WebLink

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• The amounts submitted to Revenue Recapture are increased from the prior year. The 2019 RR amount shown in purple is $8,267.42. (Please note these amounts were also submitted to a Collection Agency.) • The amounts for Write Offs are also increased from the prior year and are shown in orange at $3,755.56. The attached report listing shows those dollars submitted to both the Collection Agency and RR. The second quarter totals are $7,127.18 for Electric, $425.08 for Franchise Fees, $137.49 for Water, $476.64 for Sewer, $113.68 for Trash, and $73.12 for Storm Water. The amount for second quarter Write -Offs is $3,755.56 which includes: small balances of $25.33, bankruptcies of $2,601.01, and amounts removed from RR meeting the six year limit with the state program of $1,129.22. A big impact to the Write -Offs is the 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 $1,853.41 from RR this year. However, we have collected $18,705.92 so far this year through RR. The biggest impact to the Write -Offs' amount this quarter are bankruptcies. Our budgeted amount for collections and write-offs are $25,605 or .0006% uncollectible accounts per revenue dollar. According to APPA'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 .0003%. ATTACHMENTS: • 2019 Second Quarter Delinquent Items Comparison • 2019 Second Quarter Delinquent Items Submitted Page 2 of 2 95