Might mean (unverified): Receiving less revenue than billed.
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We found one dictionary that defines the word undercollection:

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  1. undercollection: Wiktionary

Definitions from Wiktionary (undercollection)

noun:  Insufficient collection, as:
noun:  Insufficient collection of taxes, necessitating administration of corrective billing.
noun:  Insufficient collection of premiums for insurance, necessitating administration of corrective billing or future rate increases.
noun:  Insufficient collection of specimens, such as accidental collection of less than 24 hours' worth of urine for a 24-hour urine test.

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