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5.2. EERMUSR 05-14-2019
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5.2. EERMUSR 05-14-2019
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5/10/2019 12:15:11 PM
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City Government
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ERMUSR
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5/14/2019
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// <br /> Elk River <br /> Municipal Utilities UTILITIES COMMISSION MEETING <br /> TO: FROM: <br /> ERMU Commission Theresa Slominski — Finance and Office Manager <br /> MEETING DATE: AGENDA ITEM NUMBER: <br /> May 14, 2019 5.2 <br /> SUBJECT: <br /> 2019 First Quarter Delinquent Items <br /> ACTION REQUESTED: <br /> Approve the 2019 First Quarter Delinquent Items Submitted. <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 <br /> property taxes in the fall. Please note this number will only be presented in the 4th <br /> quarter. <br /> • Collections amounts are those we send to the collection agency to try and collect <br /> after we have exhausted all our internal collection efforts. We receive 70%of <br /> amounts 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 <br /> to the individual. It presents an opportunity to collect funds rather than splitting <br /> with a collection agency or having to write them off completely.There is a six year <br /> limit for keeping items on RR and if uncollected at this time, amounts are removed <br /> and written off. <br /> • Write Offs are amounts removed from the books with no further collection efforts <br /> being extended. <br /> DISCUSSION: <br /> I have for review the color-coded recap comparisons with last year, identifying the categories <br /> and amounts for each quarter and the running totals. Regarding the first quarter totals: <br /> • The amounts listed for assessments culminate in the fourth quarter and include items <br /> previously submitted to other collection services, and if not collected, are removed and <br /> assessed. The assessment amount for 2019 shown in blue is $0.00 as there has been no <br /> activity yet for this year. <br /> • There were no amounts submitted only to Collection Agencies this year and so the 2019 <br /> amount shown in green is $0.00. (Please note that amounts submitted to Revenue <br /> Recapture were also submitted to Collection Agencies.) <br /> Page 1 of 2 <br /> 382 <br />
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