6.1b ERMUSR 12-11-2018 Elk River
Municipal Utilities UTILITIES COMMISSION MEETING
TO: FROM:
ERMU Commission Theresa Slominski—Finance & Office Manager
MEETING DATE: AGENDA ITEM NUMBER:
December 11, 2018 6.1b
SUBJECT:
Staff Update
ACTION REQUESTED:
None
DISCUSSION:
• The bulletproof glass at the front counter will be installed after business hours on Friday,
December 14, and they estimate it will take 8 hours from start to finish. Jennie N and I
will be onsite for the installation. I have a sample that I will bring to the meeting of the
bullet absorbing rubber material that was placed between the cabinets and the curved
wood facing at the front counter.
• As mentioned last month, we are giving all of the accumulated Power Cost Adjustment
(PCA) credits back to the customers now that our power contract with GRE/Connexus is
complete. In October's billing we issued PCA credits of 4 mils totaling $102,118. In
November we issued PCA credits of 6 mils totaling$166,249. And in December we will
issue PCA credits of 10 mils totaling approximately $295,000.
• In preparation for year end, our inventory counts are scheduled for December 26 and 27,
2018. Our auditors will not be onsite this year for inventory observations but will do
some test counts on January 17, 2019 when they will be here for preliminary fieldwork.
The regular fieldwork audit dates are scheduled for Thursday, February 28, and Friday,
March 1, 2019.
• I have been working with our bank to set up a new operations business account so that we
are able to have our existing business account as a deposit only account, dedicated solely
to receive customer payments. This allows us to mitigate risk from customers who may
experience fraudulent activity.
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