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Voluntary Customer Contribution Funds - Under Iowa law, energy utilities are required to operate a voluntary contribution fund where utility customers may add additional money to their monthly payment and have it deposited in a low income heating assistance fund. The money is then turned over to local social service agencies, such as the Community Action Program (CAP) agencies for distribution to needy low income persons needing assistance paying their energy bills. Because each gas and electric utility operates an independent fund and they go under such names as Project Helper, ICARE, ISHARE, etc. These contributions are generally recognized as tax deductible.
Customer Contribution Fund (CCF) Report for FY 2012
(July 1, 2011 - June 30, 2012)
The CCF report consists of contributions of $787,151 and distributions of $950,497. The contributions and distributions are reported as two separate activities and therefore are not reconciled.
Funding from Utility Customers:
|
Investor-owned |
Municipals |
RECs |
Total |
| Customers Contributing |
10,912 |
1,422 |
1,637 |
13,971 |
| Total Funds Contributed |
$632,808 |
$99,171 |
$55,172 |
$787,151 |
| Total Funds Distributed |
$816,310 |
$93,113 |
$41,074 |
$950,497 |
| Families Assisted |
3,681 |
861 |
357 |
4,899 |
| Average Per Family |
$222 |
$108 |
$115 |
$194 |
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