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Agreement for Initial Placement <br />Collection Agency Services <br />June 17, 2014 <br />Page 3 <br />FISCAL IMPACT <br />As payment for services for both collection agencies is contingent upon successful collection, both <br />PennCredit and American Capital Enterprises, Inc. will independently share in the total revenue <br />recovered from their individual collection efforts. There is no direct fiscal impact on any expenditure <br />accounts of the City or its related agencies. <br />Francisco Gutierrez <br />Executive Director <br />Finance and Management Services Agency <br />wh <br />Exhibits: 1. Agreement with PennCredit <br />2. Agreement with American Capital Enterprises, Inc. <br />25G -3 <br />