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4,. h <br /> Elk Riv <br /> .Municipal Utilities UTILITIES COMMISSION MEETING <br /> TO: FROM: <br /> Elk River Municipal Utilities Commission Theresa Slominski—Finance and Office Manager <br /> John Dietz, Chair <br /> Allan Nadeau, Vice-Chair <br /> Daryl Thompson, Trustee <br /> MEETING DATE: AGENDA ITEM NUMBER: <br /> November 15, 2016 5.3 <br /> SUBJECT: <br /> 2016 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. 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 revenue recapture (R), and those submitted to both the collection agency and revenue <br /> recapture (B). <br /> I also have for review the color-coded recap comparisons with last year, identifying the <br /> categories and the running totals, and graphs. Since we are assessing items at this time, there are <br /> only the services of Electric and Franchise fees included in this third quarter listing. All other <br /> services are assessable and are being submitted accordingly. Items presented in previous <br /> quarters that are assessable and have not been collected are removed from RR and the collections <br /> agencies and assessed instead. <br /> yr POWERED 8r <br /> /\ Page 1 of 2 NATURE <br /> PowerReliabl8 POWERED To SERVE <br /> 112 <br />