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Ji <br />Elk River ^~ <br />Municipal Utilities <br />13069 Orono Parkway • P.O. Box 430 <br />Elk River, MN 55330-0430 <br />November 4, 2008 <br />To: Elk River Municipal Utilities commission <br />Jerry Takle <br />Jerry Gumphrey <br />John Dietz <br />From: Theresa Slominski <br />Re: Write-offs <br />Phone: 763.441.2020 <br />Fax: 763.441.8099 <br />Third quarter write-offs are presented for your review. These amounts cover items since <br />the last write-offs which were through April. Attached is the list of the write-offs, <br />totaling $39,898.05. There are two separate lists presented again, and are discussed <br />below. <br />Dne list (November 2008 Write-Offs- Collections) represents amounts that will be <br />written off and sent to our collection service, Advantage Collection Agency, to further <br />pursue. Most items are written off due to moving out and unable to locate, and some are <br />refusals to pay. To date, we have received approximately $12,000 from the collection <br />agency of amounts they have been able to collect on our behalf. <br />The other list (November 2008 Write-Offs- NO Collection) are items that we cannot <br />collect due to bankruptcy or foreclosure, no guarantor information on file, no one to bill, <br />or general cleanup of small amounts. There are some items on this other list that are <br />identified as "property owners", and these are the ones that are in the category "no one to <br />bill". These amounts result from properties where someone moved out and didn't let us <br />know. <br />The prior two quarters' write-off amounts totaled $53,374.19. This third quarter amount <br />would bring the total write-offs to $93,272.24, still less than 1/2% (.4%) of budgeted <br />revenues. Staff recommends that the Elk River Municipal Utilities Commission approve <br />this listing for the third quarter of 2008. <br />Thank you. <br />