5.2 ERMUSR 02-14-2017 - 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: February 14, 2017 5.2 SUBJECT: 2016 Fourth Quarter Delinquent Items BACKGROUND: Fourth quarter delinquent items are presented for your review. We have previously reported on four different categories of delinquents as follows: • Assessments are delays in collecting the money owed and is assessed to the property taxes in the fall. • Collections amounts are those we send to the collection agency to try and collect after we have exhausted all our internal collection efforts. We receive 70%of amounts collected. • Revenue Recapture (RR) 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 splitting with a collection agency or having to write them off completely. • Write Offs are amounts removed from the books with no further collection efforts being extended. DISCUSSION: The attached report shows those dollars submitted to the collection agency (A),those submitted to both the collection agency and revenue recapture (B), and those submitted to revenue recapture (R). I also have for review the color-coded recap comparisons with last year, identifying the four categories and the running totals. The amounts listed for assessments of$14,762.86 were those presented and approved by the commission in November 2016. Currently, all services—so even those assessable services of sewer,water, and trash—are submitted with the amounts at RR in the hopes that they will be collected. Items not collected by assessment time are removed from RR and assessed instead. POWERED BY Page 1 of 2 NATURE 110. Reliable Public Power Provider POWERED To SERVE 127