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Elk River <br /> Municipal Utilities <br /> 13069 Orono Parkway <br /> P.O. Box 430 <br /> Elk River, MN 55330 <br /> (763) 441-2020 <br /> UTILITIES COMMISSION MEETING <br /> TO: FROM: <br /> Elk River Municipal Utilities Commission Theresa Slominski—Finance Director <br /> John Dietz, Chair <br /> Daryl Thompson, Vice Chair <br /> Allan Nadeau, Trustee <br /> MEETING DATE: AGENDA ITEM NUMBER: <br /> October 9, 2012 5.1 <br /> SUBJECT: <br /> Third Quarter Delinquent items <br /> BACKGROUND: <br /> Third quarter delinquent items are presented for your review. For review, the attached report has <br /> four columns: Assessments, Collections, Revenue Recapture, and Write Offs. Assessments are <br /> delays in collecting the money owed and will be assessed to the property taxes in the fall. <br /> Collections amounts are those we send to the collection agency to try and collect after we have <br /> exhausted all our internal collection efforts. Revenue Recapture is the program through the state <br /> where funds are collected from individuals' tax refunds and remitted to us, with the balance (if <br /> any) remitted to the individual. It presents an opportunity to collect funds rather than resorting to <br /> a collection agency or having to write them off completely. Write Offs are just that, they are <br /> amounts removed from the books with no further collection efforts being extended. <br /> DISCUSSION: <br /> These amounts cover items from June through August 2012 and total $52,186.29. We continue <br /> to take advantage of the Revenue Recapture (RR) program available through the state and the <br /> majority of this total has been submitted to that program, $38,340.93. Amounts submitted to RR <br /> are still trying to be collected. There is so much greater potential of collecting this RR money <br /> through this program than any measure of reminder letters and phone calls. We are keeping you <br /> informed of these numbers submitted through this quarterly process. If we determine at a later <br /> date that any of these amounts are uncollectible, they will be reported to you as such through this <br /> process as a collection or a write off amount. <br /> `° inViEllE0 er <br /> ® NATURE <br /> Reliable Public POWERED T o SERVE <br /> Power Provider <br />