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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 />November 14, 2023 <br />5.05 <br />SUBJECT: <br />2023 Third Quarter Delinquent Items <br />ACTION REQUESTED: <br />Approve the 2023 third quarter delinquent items submitted. <br />BACKGROUND: <br />Third quarter delinquent items are presented for your review. We have previously reported on <br />four different categories of delinquents as follows: <br />• Assessments are delays in collecting the money owed and are assessed to the <br />property taxes in the fall. Please note this number will only be presented in the fourth <br />quarter. <br />• Collections amounts are those we send to the collection agency to try and collect <br />after we have exhausted all our internal collection efforts. We receive 70% of the <br />amounts 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 <br />to the individual. It presents an opportunity to collect funds rather than splitting <br />with a collection agency or having to write them off completely. There is a six -year <br />limit for keeping items on RR and if uncollected at this time, amounts are removed <br />and written off. <br />• Write Offs are amounts removed from the books with no further collection efforts <br />being extended. <br />DISCUSSION: <br />I have for review recap comparisons with last year, identifying the categories and amounts for <br />each quarter and the running totals. Regarding the third quarter 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 2023 is $0.00 as there has been no activity yet for <br />this year. <br />• The amount submitted only to Collection Agencies for 2023 is $520.00. (Please note that <br />amounts submitted to Revenue Recapture were also submitted to Collection Agencies.) <br />• The amount submitted to Revenue Recapture was less than the prior year. The Q3 2023 <br />RR amount is $5,514.33. We have collected a total of $2,723.58 from RR in Q3 2023. <br />Page 1 of 2 <br />