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Committee reviews HDL collections and refunds that drove $295,000 budget impact
Summary
Staff explained HDL collected large B&O receipts, charged a 50% fee on collections and required refunds to customers; combined refunds and fees created a $295,000 net impact across revisions, which staff recorded in Revision 3.
Committee members probed why Revision 3 shows another revenue increase after Revision 2. Staff said large collections processed through HDL required recording the gross receipts, paying HDL's fee (about 50% on some large collections) and then refunding customers who had been overcharged. "We paid the fees to HDL, the 50% of those big collections that they had," staff said.
Staff described a $295,000 total impact across the revisions: prior refunds and the HDL fee together produced the number committee members cited as the driver of several adjustments. Staff said some collections already deposited year-to-date put E&O revenues at $1,061,000 (about 58% through October), and that part of the reason Revision 3 increases the revenue line again is to reflect those inflows while also showing the outflows related to HDL's share and customer refunds. Committee members requested clearer line-item presentation so the inflows and outflows are not mistaken for long-term net revenue.
