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<br />______________________________________________________________________________ <br /> <br />Page 2 of 2 <br />• Write Offs for 2020 of $20,886.05 which is more than the prior year. The biggest impact <br />to the Write-Offs is the removal of items from the RR program due to a six-year limit <br />mandated by the state. We have had to remove, and write-off, a total of $20,717.05 <br />from RR in 2020. <br /> <br />The attached report listing shows those dollars submitted to both the Collection Agency and RR. <br />The fourth quarter totals are $5,668.90. To break these totals down by provider, it is $4,919.95 <br />for Electric, $493.32 for Franchise Fees, $153.67 for Sewer, $59.29 for Water, $25.00 for Storm <br />Water and $17.67 for Trash. <br /> <br />The amount for fourth quarter Write-Offs is $5,464.99 which includes: small balances of $33.75, <br />amounts removed from RR meeting the six-year limit with the state program of $5,431.24. <br /> <br />Our allowance for doubtful accounts (a reserve for bad debt/write-offs) is $25,605 or .06% <br />uncollectible accounts per revenue dollar. According to the American Public Power <br />Association’s most recent published standard ratios (2017), the industry standard is between <br />.17% and .40%. Interestingly, the Northern/Central Plains average is .18%. Our totals for the <br />year are below the national average, at .05%. <br /> <br /> <br />ATTACHMENTS: <br />• 2020 Fourth Quarter Delinquent Items Comparison <br />• 2020 Fourth Quarter Delinquent Items Submitted <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />57