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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 /> November 17, 2015 5.4 <br /> SUBJECT: <br /> Third Quarter Delinquent Items <br /> BACKGROUND: <br /> Third quarter delinquent items are presented for your review. We have previously reported on <br /> four different categories of delinquents as follows: <br /> • Assessments are delays in collecting the money owed and is assessed to the property <br /> taxes in the fall. <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 (RR) is the program through the state where funds are collected <br /> from individuals' tax refunds and remitted to us,with the balance (if any)remitted to <br /> the individual. It presents an opportunity to collect funds rather than resorting to a <br /> collection agency or having to write them off completely. <br /> • Write Offs are amounts removed from the books with no further collection efforts <br /> being extended. <br /> DISCUSSION: <br /> This quarter we have a NISC created report as a result of a process for writing off accounts that <br /> separates those for assessment in the fall, and those submitted to revenue recapture. <br /> I have for review the color-coded recap comparisons with last year, identifying the four <br /> categories and the running totals. When comparing the far right totals columns for 2014 and <br /> 2015, note that we have a larger amount for 2015. The difference is in the amounts for RR, <br /> because the prior year amount is reduced by amounts collected and we are only showing <br /> amounts submitted for the current year(so the comparative numbers are skewed.) <br /> The amounts listed for assessments are $259.55 for the third quarter for a total of$1,641.98. <br /> Currently, all services—so even those assessable services of sewer,water, and trash—are <br /> P- II 01 <br /> NATURE <br /> Reliable Public POWERED To S ERVE <br /> Power Provider <br /> 143 <br />