Loading...
5.6 ERMUSR 11-10-2020UTILITIES COMMISSION MEETING TO:FROM: ERMU Commission Melissa Karpinski –Finance Manager MEETING DATE: AGENDA ITEM NUMBER: November10, 2020 5.6 SUBJECT: 2020 ThirdQuarter Utilities Performance Metrics Scorecard Statistics ACTION REQUESTED: None BACKGROUND: Following the Commission’s adoptionof the Performance Metrics program in December 2012 and the revision in 2016 and 2019, we will be tracking the progress for 2020, to be awarded in 2021. This is a company performance-based program designed to incentivize employee commitment towards the company’s success. Divided into categories representing core values of the company and again into sub-categories that are quantifiable, this program is designed to track goals that require companywide support fromthe employees to continually achieve. When the employees work together as a team to achieve these goals, the company recognizes a corresponding increase in value to our customers. DISCUSSION: At close of the fiscal 2020 year, and completion of the audit, the final score card will be evaluated and presented to the Commission for awarding the related distribution in 2021. We will be tracking the progress of the company and the related score card quarterly throughout 2020. The third quarter scorecard is attached, with some notes for the third quarter results. The metrics for 2021 will be the same unless the Commission wishes to change any of them. Changes would need tobe in place before theyear of measurement starts, so any adjustments would have to be approved in December. FINANCIAL IMPACT: None, until awarded the following year. ATTACHMENTS: Performance Metrics and Incentive Compensation Policy Score Card – 2020 Third Quarter ______________________________________________________________________________ Page 1 of 1 84 0 31 7% 0.146 3.31% 98.30514.361 17.15%97.28%99.95% Result Current Notes met requirementmet requirementon targeton targeton targeton targeton targetoff target - water main breakson targeton targeton targeton targeton targeton target Awarded Multiplier Percentage Score 85 +15 95% 95% <5% 7.5% Goal < 0.5 <12% Meet Target >> Budget < <90 Min > samples > <120 Min 0 positive Total Multiplier: Requirements 90th percentile 555555 5555 10 102010 Sub-Percent Sub-Category Water Quality StandardsLead and Copper qualityBacteria DetectionCAIDISAIDISAIFILine LossWater LossClean Energy Choice Program ParticipationEmployee TurnoverParticipation in Recommended and Mandatory TrainingsMargins/Net ProfitReservesInventory Accuracy 402535 Percent Category Workforce Development and Quality of Utility Services Financial Goals Safety, Reliability Elk River Municipal Utilities G.4g1a - Performance Metrics and Incentive Compensation Policy Score Card - 2020 Adopted December 12, 2012Revised October 11, 2016Revised December 17, 2019