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Elk River .� <br /> Municipal Utilities UTILITIES COMMISSION MEETING <br /> TO: FROM: <br /> Elk River Municipal Utilities Commission Theresa Slominski—Finance and Office <br /> John Dietz, Chair Manager <br /> Allan Nadeau, Vice-Chair <br /> Daryl Thompson, Trustee <br /> MEETING DATE: AGENDA ITEM NUMBER: <br /> January 13,2015 5.1 <br /> SUBJECT: <br /> Fourth Quarter Delinquent Items <br /> BACKGROUND: <br /> Fourth quarter delinquent items are presented for your review. The attached report has four <br /> columns: Assessments, Collections, Revenue Recapture (RR), and Write Offs. <br /> • Assessments are delays in collecting the money owed and is assessed to the property <br /> taxes in the fall. (This number will grow each quarter delinquents are presented and <br /> once they are submitted to the County, they no longer appear on the report.) <br /> • Collections amounts are those we send to the collection agency to try and collect after <br /> we have exhausted all our internal collection efforts. <br /> • Revenue Recapture is the program through the state where funds are collected from <br /> individuals' tax refunds and remitted to us,with the balance(if any)remitted to the <br /> individual. It presents an opportunity to collect funds rather than resorting to a <br /> collection agency or having to write them off completely. (This number is the <br /> remaining aggregate amount of all funds submitted through this process since <br /> inception.) <br /> • Write Offs are amounts removed from the books with no further collection efforts <br /> being extended. <br /> DISCUSSION: <br /> Items presented are for the fourth quarter delinquent amounts. If we have notice of bankruptcies <br /> or deaths through December 10th,those would be included in these amounts. <br /> The amounts of$19.10 will be assessed next fall for the assessable services of water, sewer, and <br /> trash. Last fall we sent$2,855.80 to the County for assessment and so the year to date total is <br /> $2,874.90, compared to $4,849.53 in 2013. <br /> $928.20 are accounts sent to a collection agency for further collection efforts, and$2,520.43 are <br /> written off with no further collection efforts. (Both of these amounts will only appear on this <br /> 11116 Via <br /> PONEAEO BY <br /> t1 r3 'NATURE <br /> Reliable Public <br /> Power Provider P O W E R E D To S ER V( <br /> 91 <br />