6.1c ERMUSR 06-08-2021UTILITIES COMMISSION MEETING
TO:FROM:
ERMU Commission Melissa Karpinski –FinanceManager
MEETING DATE: AGENDA ITEM NUMBER:
June 8, 2021 6.1c
SUBJECT:
Staff Update
ACTION REQUESTED:
None
DISCUSSION:
Received bond proceeds from the 2021B bonds on May 13 and will receive the bond
proceeds from the 2021C bonds on June 10. Staff continued work on bond related
documents for the2021C bonds.
The setup of the new savings account at First Bank of Elk River has been completed.
The issue with our custom financial report within Accounting & Business Solutions has
been fixed by National Information Solutions Cooperative.
The accounting department is continuing to work on record retentionprocessingas
time permits.
Following up on the question from last month’s meeting regarding the prior YTD
variance of $50K in Misc Distribution Expense. The main drivers causing the variance
were $21K for uniforms, $13K in small tools, and $7K in labor.
Requested information regarding residential accounts receivable (May 31, 2021)below:
ProviderResidential Past Due # Total Dollars Average Average
Customers Residential Residential Past Due for Past Due Monthly
Customers Customers Residential Amount for Residential
Past Due Customers Past Due Bill
Customers
Electric 10,706 7376.9% $126,925.45 $172.22$80.96
Water4,741171 3.6% $7,299.70 $42.69 $22.14
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