Loading...
5.2 ERMUSR 5-12-2020UTILITIES COMMISSION MEETING TO:FROM: ERMU Commission Melissa Karpinski –Finance Manager MEETING DATE: AGENDA ITEM NUMBER: May 12, 2020 5.2 SUBJECT: 2020 First Quarter Delinquent Items ACTION REQUESTED: Approve the 2020first quarter delinquent itemssubmitted. BACKGROUND: First quarter delinquent items are presented for your review. We have previously reported on the four different categories of delinquents as follows: Assessments are delays in collecting the money owed and areassessed to the th property taxes in the fall. Please note this number will only be presented in the 4 quarter. 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 after the agency receives their split. 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. There is a six-year limit for keeping items on RR and if uncollected at thattime, amounts are removed and written off. Write Offs are amounts removed from the books with no further collection efforts being extended. DISCUSSION: I have for review recap comparisons with last year, identifying the categories and amounts for each quarter and the running totals. Regarding the first quarter totals: The amounts listed for assessments culminate in the fourth quarter and include items previously submitted to other collection services, if not collectedtheyare removed and assessed. The assessment amount for 2020 is $0.00 as there has been no activity yet for this year. The amounts submitted only to Collection Agencies for 2020 is $0. (Please note that amounts submitted to Revenue Recapture were also submitted to Collection Agencies.) ______________________________________________________________________________ Page 1 of 2 136 The amounts submitted to Revenue Recapture were less thanthe prior year. The Q1 2020 RR amount is $2,707.86. We have collected a total of $8,315.08from RR in Q1 2020. Write Offs for Q1 2020 were $5,537.23, which is higher than the prior year. The biggest impact to the Write-Offs is due to the removal of items from the RR program due to a six-year limit mandated by the state. We have had to remove, and write-off, a total of $5,529.14 from RR in Q1 2020. However, that still leaves us $2,785.85 ahead with the $8,315.08 we have collected this quarter through RR. The attached report listing shows those dollars submitted to both the Collection Agency and RR. The first quarter totals are $2,707.86. To break these totals down by service, it is $2,445.57 for Electric, $190.00 for Franchise Fees, $50.95 for Trash, and $21.34 for Storm Water. The amount for first quarter Write-Offs is $5,537.23 which includes: small balances of $8.09, amounts removed from RR meeting the six-year limit with the state program of $5,272.24, and other write-offs of $256.90. Our allowance for doubtful accounts (a reserve for bad debt/write-offs) is $25,605, or .06% uncollectible accounts per revenue dollar. According to the American Public Power Association’s most recent published standard ratios (2017), the industry standard is between .17% and .40%. Interestingly, the Northern/Central Plains average is .18%. Our totals for the year are below the national average at .029%. ATTACHMENTS: 2020 First Quarter Delinquent Items Comparison 2020 First Quarter Delinquent Items Submitted ______________________________________________________________________________ Page 2 of 2 137 DelinquentItemsComparisons Rev CollectionRevenueRecap/CollRevRecap AssessmentsAgencyRecaptureAgenPmts YearQuarterWriteOffs 201715,739.465,739.46(18.07)12,149.77 20172730.508,617.589,348.08358.056,595.05 201738,319.808,319.80(34.28)5,308.24 201748,352.84180.4010,344.5610,524.962,272.121,472.34 201819,644.999,644.993,383.619,374.71 201826,945.516,945.511,933.723,293.10 201836,233.116,233.115,047.621,496.85 2018410,301.4810,292.9710,292.973,206.461,258.91 201912,911.462,911.462,444.3510,447.26 2019285.778,267.428,353.193,755.568,258.66 201936,750.816,750.811,962.211,855.27 201944,743.535,708.235,708.233,833.531,172.73 202012,707.862,707.865,537.238,315.08 QuarterlyWriteOffsbyYear 6,000 5,000 4,000 Quarter 1 3,000 2 3 2,000 4 1,000 0 2017201820192020 QuarterlyAmtsSubmittedfor CollectionbyYear 12,000 10,000 Quarter 8,000 1 6,000 2 3 4,000 4 2,000 0 2017201820192020 138 TotalAssessments TotalWriteOffs 14,000 14,000 12,000 12,000 10,000 10,000 2017 2017 8,000 8,000 2018 2018 6,000 6,000 2019 2019 2020 20204,000 4,000 2,000 2,000 0 0 2017201820192020 2017201820192020 Year Year 139 ServAddrTotalAR 19417NORFOLKST$238.42 19417NORFOLKST$0.44 19417NORFOLKST$9.00 19417NORFOLKST$4.62 12008HIGHLANDRD$109.85 12008HIGHLANDRD$9.21 12008HIGHLANDRD$11.88 12008HIGHLANDRD$4.84 18520ROBINSONST#5$38.45 17138MONROEST$277.64 17138MONROES T$41.30 17138MONROEST$25.00 17138MONROEST$11.88 17776TYLERDR$384.06 17776TYLERDR$16.17 1001SCHOOLSTAPT215$171.05 1001SCHOOLSTAPT215$17.82 337BALDWINAVEAPT301$63.08 337BALDWINAVEAPT301$8.45 1111SCHOOLSTAPT15$90.18 1111SCHOOLSTAPT15$13.50 345EVANSAVEAPT303$160.92 345EVANSAVEAPT303$20.80 335EVANSAVEAPT303$90.22 335EVANSAVEAPT303$13.29 1227SCHOOLSTAPT306$362.35 1227SCHOOLSTAPT306$17.76 1227SCHOOLSTAPT314$240.26 1227SCHOOLSTAPT314$17.76 300JACKSONAVEAPT220$219.09 300JACKSONAVEAPT220$18.57 TOTAL 2,707.86 140