HomeMy WebLinkAbout33349 / 85-28Y
May 2, 1985
(CARRIED _ LOST
R 2 O
LAID OVER
PURPOSE: AUTHORIZE COLLECTION AGENCY
INITIATED BY: FINANCE DEPARTMENT
RESOLUTION
WZTHDRAWN ____.__)
WHEREAS, the Finance Director has reCeived proposals irom
United Creditors Alliance Corporation for the collection o£
ambnlance bills for the City of Oshkosh, and
WAEREAS, the Finance Director recommends that we entec into an
appropriate agreement with United Creditors Alliance Corporation
for a portion of our ambulance bills to compare their collection
service with the services the City is now using,
NOW, THEREFORE, BE ST RESOLVED by the Common Council of the
City of Oshkosh that the proper City o£ficials are hereby
authocized and directed to enter into an apptopriate agreement with
United Creditors Alliance Corporation £or the collection of
ambulance bills as determined by the Director of Finance.
- 41 -
SUBMITI'ED BY
APPROVED
,
Resol. #28
TIM FRflTER
%i es ARER I1flNAGEA
,`�1I j IIHITED CRYDIIOxS ALLIAHCE
�ORPDRATI01�
District(Xtice: 5501 West North venue/Mllwaukee. Wisconsin 53206/(414)449-9539
Nationelh'3adyuarters/2323 Leke Club Drive/Bax 13167/Columbus, Ohio 43213/(614�64-4092
April 25,1985
The numbers for the followi� � comparison are based on the 1983 figures
and assuming that the recovery rates would be the same.
" Listed
Avq. S Listed
$ Listed
28.19 Recovery
� Fee
S Fee
Fixed Fe°
TotalFees
To City
GUARANTEE
Savin�s
�mparison
Credit Business UCA C8S/UCA
Services *(assuming 40 � recovery)
1000 1000 (same)
S 1 13.77 S 1 13.77 '
a 1 13,770 E 1 13,770 '
$31,969.70 f31,969.70 *545,508.00
40% 25% 40R/25%
$12,787.90 57,992.40 S 18,203.20/ 1 1,377.00
-------- a2500 $---------/ 2500.00
$12,78 �.90 $10,492.40 S 18,203.80/ 13,877.00
Q 19,1 & 1.80 521,477.30 E27,304.80/31631.00
NQ�NE f20,000 no /yes
(800R Minimum R01)
nore =2,295.50 none/s4,326.20
in talking with P�r. William Frueh and Mr. Ed Nokes, it has been su�gested a
trial be set up using 100 accounts each, as a base. In a 100 account quantity
UCA has a start up cost of $2.50 per account or an investmert of 5250.00.
Gpticn; UCA also offers a demand with no percentage charge for $2.00 per
account. This also pays for monthly computer status reports and a 100�
money back guarantee, if at least an 8�0? R01 is not achieved. All of this
for a total investment of $450.00 for a 100 account system.
Respectfuliy submitted,
��iw, `�3'�
Tim Frater
- 41a -
't , , ,. . _. y ,:". . . ... .. � ' _. ,
.
� of Accounts
S Listed
� Fee
E Collected
�Col lected
R of $
°% of x
A�Jg. a Listedl
Avg. E Collected/
SUMMARY OF ACTIYITY
CITY OF sso�csse
with
Credlt Busl7ess Service
October 1984
ver Al
1053
a�i,izi
40%
E2o,o I 3
274
28. t � (before tees)
26%
E67.54
$ 73.77
Resol. #28
.;
149
E 16,952
40�
E4,766
33
28.1(before fees)
22%
a 1 13.77
E 144.42
Of the doi;ars ilsted 16.8� or $1 1.39 of each $57.54 account is returned to
the city. With the Avg. $ Coliected/ being larger than what is listed, it
would tend to indicate that they are going after the larger accounts. That is
being backed up turther by� the � of � dropptng. Both oi these would suggest
that they are not working tt;e smalier accounts or are not being as effecttve
with them as they have been in the past.
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