5.1. ERMUSR 07-15-2014 - Laserfiche WebLink

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Elk River Municipal Utilities UTILITIES COMMISSION MEETING TO: FROM: Elk River Municipal Utilities Commission Theresa Slominski—Finance and Office John Dietz, Chair Manager Allan Nadeau, Vice-Chair Daryl Thompson, Trustee MEETING DATE: AGENDA ITEM NUMBER: July 15, 2014 5.1 SUBJECT: Second Quarter Delinquents and Write-offs BACKGROUND: Second quarter delinquent items are presented for your review. The attached report has four columns: Assessments, Collections, Revenue Recapture (RR), and Write Offs. • Assessments are delays in collecting the money owed and is assessed to the property taxes in the fall. (This number will grow each quarter delinquents are presented and once they are submitted to the County, they no longer appear on the report.) • Collections amounts are those we send to the collection agency to try and collect after we have exhausted all our internal collection efforts. • Revenue Recapture is the program through the state where funds are collected from individuals' tax refunds and remitted to us, with the balance (if any)remitted to the individual. It presents an opportunity to collect funds rather than resorting to a collection agency or having to write them off completely. (This number is the remaining aggregate amount of all funds submitted through this process since inception.) • Write Offs are amounts removed from the books with no further collection efforts being extended. DISCUSSION: These amounts cover items through May 15th 2014, as those amounts would be greater than ninety days out. If we have notice of bankruptcies or deaths through June 12th, those would also be included in these amounts. The amounts of$2,623.01 will be assessed next fall for the assessable services of water, sewer, and trash. Last fall we sent $4,849.53 to the County for assessment. POWERED el NATURE Reliable Public Power Provider P O W E R E D To v E 48