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6.1b ERMUSR 12-12-2017 Elk River Municipal Utilities UTILITIES COMMISSION MEETING TO: FROM: ERMU Commission Theresa Slominski—Finance & Office Manager MEETING DATE: AGENDA ITEM NUMBER: December 12, 2017 6.1b SUBJECT: Staff Update ACTION REQUESTED: None DISCUSSION: • Letters have been created for the four billing cycles we will be moving to as we implement multiple billing cycles in January. There are four separate letters, one for each cycle, that depicts their new billing and due dates, and gives specifics for the first bills to be received in January. Some cycles will have two weeks in their first bill and some will have five weeks, so we are letting the customers know what to expect. These letters will be distributed with the bills sent in the December 20th billing. • We continue to have good communication with NISC regarding the accounting upgrades that they are working on for fund accounting. They are working on fixed assets now, or so it seems from the line of questioning that they are posing. As I mentioned last month, the latest improvement they passed along with upgrade 2.39 reduced the due to/due from entries immensely. This month we had approximately 160 entries compared to approximately 600 entries per month previously. This has been a very welcome change! • As year-end approaches, the accounting staff has been concentrating on efficiencies. A significant efficiency was the ability to import the journal entry detail from an excel spreadsheet and we will be utilizing this for the large recurring monthly entries for prepaid expenses, bank reconciliation, payroll splits, investment income, etc. • We implemented barcode scanning for inventory processing in the electric department earlier this year and have just recently moved to barcode scanning for the water department. This speeds up the process by eliminating the need for creating the worksheet to enter from, as well as reducing keying errors and errors from writing down the incorrect item number. Page 1 of 1 149