5.2 ERMUSR 2-11-2020 - Laserfiche WebLink

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Write Offs for 2019 of $11,995.65 are comparable to prior year. The biggest impact to the Write-Offs is due to the removal of 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 $7,856.86 from RR this year. However, that still leaves us $13,877.06 ahead with the $21,733.92 we have collected this year through RR. The attached report listing shows those dollars submitted to both the Collection Agency and RR. The fourth quarter totals are $5,708.23. To break these totals down by provider, it is $5,050.27 for Electric, $446.96 for Franchise Fees, $115.90 for Sewer, $46.85 for Water, $26.33 for Trash, and $21.92 for Storm Water. The amount for fourth quarter Write-Offs is $3,833.53 which includes: small balances of $109.71, and amounts removed from RR meeting the six-year limit with the state program of $3,723.82. Our allowance for doubtful accounts (a reserve for bad debt/write-offs) is $25,605 or .06% uncollectible accounts per revenue dollar. According to the American Public Power Associationent published standard ratios (2017), the industry standard is between .17% and .40%. Interestingly, the Northern/Central Plains average is .18%. Our totals for the year are below the national average, at .029%. ATTACHMENTS: 2019 Fourth Quarter Delinquent Items Comparison 2019 Fourth Quarter Delinquent Items Submitted ______________________________________________________________________________ Page 2 of 2 80