Voluntary Customer Contribution Fund (CCF)
Under Iowa law, energy utilities are required to operate a fund that allows utility customers to voluntarily contribute money for deposit in a low income heating assistance fund. The contributions are used to assist low income persons in paying their energy bills and with weatherization. Each gas and electric utility operates an independent fund under such names as Project Share, RECare, I CARE, etc. These contributions are generally recognized as tax deductible.
Customer Contribution Fund (CCF) Report for FY 2016
(July 1, 2015 - June 30, 2016)
The CCF report consists of contributions of $1,654,055 and distributions of $1,152,218. Funds not distributed during a fiscal year are carried forward to the next fiscal year.
|Customer Contribution Fund Report|
|Number of Customers Contributing||15,301|
|Total Funds Contributed (including matching funds)||$1,654,055|
|Total Funds Distributed||$1,152,218|
|Number of Families Assisted||5,112|
|Average Assistance Per Family||$225|