Laserfiche WebLink
Write Offs for 2021 of $7,223.91 whichis less than the prior year. The biggest impact to <br />the Write-Offs is due to the removal of items from the RR program due to a six-year <br />limit mandated by the state. We have had to remove, and write-off, a total of $5,877.88 <br />from RR in2021. <br />The attached report listing shows those dollarssubmitted to both the Collection Agency and RR. <br />The fourth quarter totals are $6,532.49. To break these totals down by provider, it is $5,851.64 <br />for Electric, $289.49 for Franchise Fees, $165.46 for Sewer, $136.34 for Water, $61.78 for Trash <br />and $27.78 for Storm Water. <br /> <br />The amount for fourth quarter Write-Offs is $1,819.22 which includes: small balances of $31.02, <br />amounts removed from RR meeting the six-year limit with the state program of $1,765.96, and <br />other of $22.24. <br /> <br />Our allowance for doubtful accounts (a reserve for bad debt/write-offs) is $25,605 or .06% <br />uncollectible accounts per revenue dollar. According to the American Public Power <br />Association’s most recent published standard ratios (2017), the industry standard is between <br />.17% and .40%. Interestingly, the Northern/Central Plains average is .18%. Our totals for the <br />year are below the national average, at .05%. <br /> <br /> <br />ATTACHMENTS: <br /> 2021 Fourth Quarter Delinquent Items Comparison <br /> 2021 Fourth Quarter Delinquent Items Submitted <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />______________________________________________________________________________ <br />Page 2 of 2 <br />60 <br />