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<br />Elk River <br />Municipal Utilities <br />13069 Orono Parkway • P.O. Box 430 <br />Elk River, MN 55330-0430 <br />January 8, 2010 <br />To: Elk River Municipal Utilities commission <br />John Dietz <br />Jerry Gumphrey <br />Daryl Thompson <br />From: Theresa Slominski <br />Re: Write-offs <br />5.3 <br />Phone: 763.441.2020 <br />Fax: 763.441.8099 <br />Fourth quarter write-offs are presented for your review. There are some bigger numbers <br />than previous quarters as we clean up our accounts receivable with some rather large <br />exceptions that (unfortunately) we have identified we will never be able to collect on. <br />These amounts cover items since the last write-offs, which were through July. <br />Attached are two lists of write-offs, totaling $15,313.44. (It looks a little different from <br />reports in the past because we have a new program that we are using to compile this <br />information, and perform the function of adjusting the charges off the customer accounts. <br />It has really streamlined the process and made it much less labor intensive.) There are <br />still the categories of those accounts sent to a collection agency for further collection <br />efforts, and those that are written off with no further collection efforts. These categories <br />are identified in the far right columns. There is also a column for assessments, but those <br />were handled previously and so none are presented here. <br />Also to be included in the write-off amounts are $5,308.39 from 5 accounts of the <br />customer in Receivorship that a 2/3 settlement agreement was reached. <br />Also to be included are amounts from prior years we have been trying to recover: a <br />Landcor account for $1010.12, Holiday Inn (prior owners 2006) $28,316.26, Hi <br />Wildwood Hospitality (Holiday Inn prior owners #2 2008) $35,826.19, Michele's <br />Embers $842.16, and Rockwoods (prior owners) $72,813.04, all totaling $138,807.77. <br />Some of these are older debts that we were working with legal counsel to see if we had <br />any recourse to collect on these accounts. In each of these instances the party which <br />contracted for the electrical service is no longer in ownership of the property, has vacated <br />the property, and appears to be judgement proof (without assets). In these circumstances, <br />