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��i <br />Elk River <br />Municipal Utilities UTILITIES COMMISSION MEETING <br />TO: <br />FROM: <br />ERMU Commission <br />Melissa Karpinski — Finance Manager <br />MEETING DATE: <br />AGENDA ITEM NUMBER: <br />February 14, 2023 <br />5.2 <br />SUBJECT: <br />2022 Fourth Quarter Delinquent Items <br />ACTION REQUESTED: <br />Approve the 2022 fourth quarter delinquent items submitted. <br />BACKGROUND: <br />Fourth quarter delinquent items are presented for your review. We have previously reported <br />on four different categories of delinquents as follows: <br />• Assessments are delays in collecting the money owed and are assessed to the property <br />taxes in the fall. Please note this number will only be presented in thefourth quarter. <br />• Collections amounts are those we send to the collection agency to try and collect after <br />we have exhausted all our internal collection efforts. We receive 70% of amounts <br />collected after the agency receives their split. <br />• Revenue Recapture (RR) is the program through the state where funds are collected <br />from individuals' tax refunds and remitted to us, with the balance (if any) remitted to <br />the individual. It presents an opportunity to collect funds rather than splitting with a <br />collection agency or having to write them off completely. There is a six -year limit for <br />keeping items on RR and if uncollected at this time, amounts are removed and written <br />off. <br />• Write Offs are amounts removed from the books with no further collection efforts being <br />extended. <br />DISCUSSION: <br />Staff has for review recap comparisons with last year, identifying the categories and amounts <br />for each quarter and the running totals. Regarding the year end totals: <br />• The amounts listed for assessments culminate in the fourth quarter and include items <br />previously submitted to other collection services, and if not collected, are removed and <br />assessed. The assessment amount for 2022 is $9,042.25. This decreased compared to <br />2021. <br />• The amounts submitted only to Collection Agencies for 2022 is $0. (Please note that <br />amounts submitted to Revenue Recapture were also submitted to Collection Agencies.) <br />• The amounts submitted to Revenue Recapture were more than the prior year. The 2022 <br />RR amount is $36,691.95. We have collected a total of $12,850.98 from RR in 2022. <br />Page 1 of 2 <br />m <br />