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A4h <br /> 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 /> January 8, 2013 5.2 <br /> SUBJECT: <br /> Fourth Quarter Delinquent items <br /> BACKGROUND: <br /> Fourth quarter delinquent items are presented for your review. For review, the attached report <br /> has four columns: Assessments, Collections, Revenue Recapture, and Write Offs. Assessments <br /> are delays in collecting the money owed and is 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 September through December 15th 2012 and total $52,832.30. <br /> We continue to take advantage of the Revenue Recapture (RR) program available through the <br /> state and the majority of this total has been submitted to that program, with the year-to-date total <br /> of$47,779.20. Amounts submitted to RR are still trying to be collected. There is so much greater <br /> potential of collecting this RR money through this program than any measure of reminder letters <br /> and phone calls. We are keeping you informed of these numbers submitted through this quarterly <br /> process. If we determine at a later date that any of these amounts are uncollectible, they will be <br /> reported to you as such through this process as a collection or a write off amount. <br /> © NATURE <br /> Reliable Public <br /> Power Provider P O W E R E D T o S E R V E <br />