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5.4 ERMUSR AGENDA 07-02-2013
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5.4 ERMUSR AGENDA 07-02-2013
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City Government
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7/2/2013
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<br /> <br />$1,627.12 are accounts sent to a collection agency for further collection efforts, and $208.10 are <br />written off with no further collection efforts. (Both of these amounts will only appear on this <br />quarterly report.) <br /> <br />I have also presented the color-coded recap comparisons with last year, identifying the various <br />categories and the running totals. When comparing the far right columns for 2012 and 2013, we <br />have fewer delinquent items this year-to-date compared to last year-to-date. One item to note is <br />that we submitted a large amount last year to RR on some older accounts, and that was not <br />recurring this year. Also, this year we have collected more than we have submitted through RR - <br />a very good thing. <br /> <br />Our budgeted amount for collections and write-offs are $105,000 or .32% Uncollectible <br />Accounts per Revenue Dollar. If we were to project our write-offs for the year based on the first <br />and second quarter, we would be well below this number. According to APPA’s most recent <br />published standard ratios (2011), the industry standard is between .19% and .36%. <br /> <br />ACTION REQUESTED: <br />Staff recommends that the Elk River Municipal Utilities Commission accept this delinquent <br />amounts listing for the second quarter of 2013. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />61
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