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4.3. ERMUSR 12-13-2016 Elk River Municipal Utilities UTILITIES COMMISSION MEETING TO: FROM: Elk River Municipal Utilities Commission Troy Adams, P.E. —General Manager John Dietz—Chair Al Nadeau—Vice Chair Daryl Thompson—Trustee MEETING DATE: AGENDA ITEM NUMBER: December 13, 2016 4.3 SUBJECT: Governance Manual Update DISCUSSION: Based on Commissioner and Staff input through surveys and discussion, our consultant John Miner has developed drafts for the first four Governance Manual policies. These are attached for review. And at a minimum the next four policies will be ready for review in January. These policies are: • G-1.4 Agenda Planning (annual agenda& meeting agendas) • G-1.7 Commission Officer Roles, Responsibilities & Succession • G-1.8 Commission Committees (principles, structure, roles and responsibilities) • G-1.9 Independent Advisors to the Commission(general counsel, bond counsel, human resources counsel, etc.) The intention is to have the core Governance Manual ready for adoption in early 2017. ACTION REQUESTED: No action required at this time. ATTACHMENTS: • Draft ERMU Governance Policy G-1 —Commission Purpose, 12/5/2016 • Draft ERMU Governance Policy G-1.1 —Commission-City Council Relationship and 1 Roles, 12/5/2016 • Draft ERMU Governance Policy G-1.2—Commission Authorities and Responsibilities, 12/5/2016 • Draft ERMU Governance Policy G-1.3 —Governance Style, 12/5/2016 i . P-owLRR ( o 01' Page 1 of 1 NA NATURE Reliable Public PowerProvider P owE3Lo T o S FkvE DRAFT POLICY (12-05-16) ELK RIVER MUNICIPAL UTILITIES - COMMISSION POLICY Category: GOVERNANCE Title: COMMISSION PURPOSE G Date of Adoption: Policy Reference: G-1 Purpose: With this policy, the Commission commits that it will govern as a body that understands its corporate obligations to the owners and other stakeholders of the ERMU electric and water utility enterprises. Policy: The Commission's principal purpose is to ensure that ERMU achieves appropriate results (See Policy Series R — Results Policies) for its owners, customers, employees, and other stakeholders at an appropriate cost, while avoiding unacceptable actions and situations. Elk River ---- Municipal Utilities P1 DRAFT POLICY (12-05-16) ELK RIVER MUNICIPAL UTILITIES - COMMISSION POLICY Category: GOVERNANCE Title: COMMISSION-CITY COUNCIL G RELATIONSHIP AND ROLES Page 1 of 2 Date of Adoption: Policy Reference: G-1.1 Purpose: With this policy, the Commission describes its role in relation to the Elk River City Council and the way in which it desires to interact with the City Council. Legal Authority: As established by Minnesota Statutes Chapter 412, the Commission has complete and sole control, authority and jurisdiction over ERMU, except that the City Council appoints each member of the Commission and has its own designated representation on the Commission. Policy: The Commission and the City Council share the responsibility for ensuring effective governance of ERMU for the benefit of the City, its citizens, and ERMU's utility customers. The Commission desires to maintain a working relationship with the City Council that will enable both bodies to coordinate and carry out their separate responsibilities so that ERMU is governed with excellence. Although governed autonomously by the Commission, ERMU is part of the City of Elk River's City government. The intent and purpose of separate governance, as authorized by state statute, is to enable the operation of the City's utility enterprises in a business environment rather than in the environment of general city government. This creates opportunities for bringing greater value to the stakeholders of both the City and ERMU through a hybrid of private and public governance and management practices. It is the intent of both the Commission and the City Council to align their respective governance structures and processes in ways that will realize these opportunities for greater value. Consistent with the preceding, the Commission will not fail to: 1. Routinely monitor, evaluate, and strive to improve its performance, keeping the City Council informed in a thorough and timely manner about the effectiveness of the Commission's governance with respect to the following: a. Compliance with legal and fiduciary responsibilities; Elk River ---- Municipal Utilities q2 DRAFT POLICY (12-05-16) POLICY G-1.1 COMMISSION-CITY COUNCIL RELATIONSHIP AND ROLES Page 2 of 2 b. Compliance with Commission-established Governance policies that are periodically reviewed and updated, and that set expectations for ERMU's strategic and business results, governance, and management; and c. The employment, working relationship with, and performance of a qualified and competent General Manager who is expected to manage ERMU in compliance with applicable Commission policies. 2. Appoint one of its Members to serve as a Member of the City's Economic Development Authority (EDA) to represent ERMU's interests in economic development. 3. Provide an opportunity for the City Council to meet jointly with the Commission no more often than annually but at least once every three (3) years. The meeting will be held in the second quarter of the year following completion of the annual independent financial audit. The focus of this joint meeting will be a report by the Commission to the Council of ERMU's financial and operating results for the preceding fiscal year, along with an opportunity for the Council to provide input to the Commission on matters related to planning and budgeting for the next fiscal year. The Commission may request or recommend additional joint meetings for other specific purposes. 4. Develop, update as necessary, and provide to the Mayor and City Council documentation that is intended to ensure the appointment of qualified and committed ERMU Commissioners. Such documentation will include relevant knowledge and experience, core competencies, and character traits that are consistent with the Commission's requirements and commitments to effective governance. The Commission's expectation is that the City Council will use this information to appoint persons who are appropriately qualified and well- informed about the expectations for service as a Commissioner. 5. At least annually at the time of budgeting for the next fiscal year, consider ERMU's financial condition with respect to voluntary payments in lieu of taxes (PILOT) and other donations of services from the ERMU utility enterprises to the City that are likely to have material financial consequences for both entities. The Commission will inform the City Council promptly of any material changes in the PILOT and other donations. Further, the Commission will use a process for determining PILOT and other financial donations to the City that is transparent, consistent with state and national benchmarking comparisons, forecasted and budgeted, and with a mutually understood methodology. In approving or allowing other donations such as labor, street lighting, and water for fire suppression, the Commission will subscribe to the philosophy that it is providing value to the community and not just shifting costs from one entity to the other. tji--. Elk River Municipal Utilities DRAFT POLICY (12-05-16) ELK RIVER MUNICIPAL UTILITIES - COMMISSION POLICY Category: GOVERNANCE Title: _ COMMISSION AUTHORITIES AND G REPSONSIBILITIES Date of Adoption: Policy Reference: G-1.2 Purpose: With this policy, the Commission acknowledges that its authorities and responsibilities derive from State of Minnesota Statutes Chapter 412 with respect to incorporation, Commission structure and composition, and exercise of corporate powers by the Commission in the operation of ERMU's electric and water utilities. Policy: The Commission will govern ERMU for the purposes enumerated in its enabling legislation and policies, exercising its authorities within the limits established by law. The Commission will review from time to time and, if necessary, revise its governance policies and By-laws to be consistent with each other, with any applicable changes in the law, and with current accepted municipal utility enterprise and business practices. Elk River ---- Municipal Utilities p4 DRAFT POLICY (12-05-16) ELK RIVER MUNICIPAL UTILITIES - COMMISSION POLICY Category: GOVERNANCE Title: GOVERNING STYLE G Date of Adoption: Policy Reference: G-1.3 Purpose: With this policy, the Commission intends to establish and articulate an institutional philosophy and approach that will enable it to govern with excellence. Policy: Commission Members, individually and collectively, will act in ways that visibly demonstrate the ERMU style of governance. Commission members will lead proactively and the Commission will enforce upon itself the discipline needed to govern effectively and consistently. Consistent with the preceding general statements: 1. The Commission will guide and inspire Management and staff employees toward a strategic vision through the thoughtful and proactive development of written policies that express clear expectations and shared accountability for results. 2. The Commission's policies will reflect its role as trustee, effectively meeting its fiduciary responsibilities while representing and balancing the sometimes competing interests of customers, the ERMU utility business enterprises, the City of Elk River, ERMU employees, and others who may be affected, either directly or indirectly, by ERMU's decisions and actions. 3. The Commission will govern ERMU as the significant business enterprise that it is, enabling ERMU to provide quality services to its customers and prudent financial contributions to the City, while responsibly managing and sustaining its physical assets and financial resources. 4. The Commission, with support from the General Manager, will set its own agenda for governance and, to the greatest extent practical, will initiate its own policies. The Commission will consider and adopt policies in accordance with its stated "Principles for Policy Development." The Commission will routinely review, evaluate and update its policies, as necessary. 5. By adopting and enacting its policies, the Commission will create and sustain a governance structure and processes in which the respective roles and accountabilities of Elk River Municipal Utilities P5 DRAFT POLICY (12-05-16) the Commission and Management are clearly delineated, understood, and mutually supported. 6. The Commission will promote a sense of partnership, trust, and mutual respect among its individual members, with ERMU Management and staff employees, and with customers, City, and community interests to provide value to all stakeholders. 7. The Commission will establish and use a variety of methods to promote two-way communications and dialogue about ERMU's future direction, accomplishments, and major challenges among its stakeholders. 8. The Commission will support the development of a values-based organization with high standards of professional conduct, interpersonal behaviors, and self-accountability for results. 9. The Commission will encourage mutual respect, open dialogue and expression of diverse viewpoints among Commission members and Management; the Commission will acknowledge and effectively handle disagreements, working toward consensus in its deliberations and decisions. 10.The Commission will support the hiring and retention of a capable General Manager, who will be responsible to the Commission for the management and operation of ERMU's utility businesses. The Commission will also support the General Manager in creating an organization which attracts and retains capable management and staff employees, and develops leaders. 11.Commission members will devote appropriate attention, time and energy to govern effectively. They will understand their responsibilities and take advantage of opportunities for continuing education and development that improve their governance capabilities. 12.The Commission will seek to create a reputation that attracts qualified and dedicated persons to become Commission members. It will do this by building public understanding of its governance role, as well as the commitments and contributions of its individual members. 13.The Commission will periodically evaluate and discuss its policies and the performance of the ERMU organization in relation to those policies, with particular attention to the needs and expectations of its various stakeholders. Elk River Municipal Utilities P6