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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 /> May 10, 2016 5.1 <br /> SUBJECT: <br /> 2016 First Quarter Delinquent Items <br /> BACKGROUND: <br /> First 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. Please note this number will only be presented in the 4th quarter. <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. We receive 70%of amounts <br /> collected after the agency receives their split. <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 splitting with 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 /> The attached report shows those dollars submitted to the collection agency(A), those submitted <br /> to both the collection agency and revenue recapture(B), and those submitted to revenue <br /> recapture (R). <br /> I also have for review the color-coded recap comparisons with last year, identifying the <br /> categories and the running totals. There are no amounts listed for assessments as the process for <br /> assessments culminates in the last quarter from information previously submitted to other <br /> collection services and if not collected, removed and assessed. Currently, all services—so even <br /> those assessable services of sewer, water, and trash—are submitted with the amounts at RR in <br /> POWERED IV <br /> 3 Page 1 of 2 NATURE <br /> Reliable Public <br /> Power Provider POWERED To SERVE <br /> 123 <br />