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Write -Offs for 2024 of $16,058.50 which is less than the prior year. The biggest impact <br />to the Write -Offs is due to the removal of items from the RR program due to a six -year <br />limit mandated by the state. We have had to remove, and write off, a total of <br />$15,199.60 due to six -year statute of limitation in 2024. <br />The attached report listing shows those dollars submitted to both the Collection Agency and RR. <br />The fourth quarter totals are $9,691.36. To break these totals down by provider, it is $8,696.54 <br />for Electric, $595.44 for Franchise Fees, $207.92 for Sewer, $85.09 for Trash, $77.02 for Water, <br />and $29.35 for Storm Water. <br />The amount for fourth quarter Write -Offs is $2,498.27 which includes: amounts removed from <br />RR meeting the six -year limit with the state program of $1,958.69, other of $228.58, bankruptcy <br />of $204.68, deceased of $57.83, and small balances of $48.49. <br />Our allowance for doubtful accounts (a reserve for bad debt/write-offs) is $25,605 or 0.05% <br />uncollectible accounts per revenue dollar. According to the American Public Power <br />Association's most recent published standard ratios (2021), the industry standard is between <br />0.15% and 1.49%. Interestingly, the Northern/Central Plains average is 0.15%. Our totals for the <br />year are below the national average, at 0.03%. <br />ATTACHMENTS: <br />• 2024 Fourth Quarter Delinquent Items Comparison <br />• 2024 Fourth Quarter Delinquent Items Submitted <br />Page 2 of 2 <br />