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2026-3 - ERMU - Regular Commission MeetingState of Minnesota County of Sherburne City of Elk River OATH OF OFFICE I, Nicholas Zerwas, do solemnly swear to support the Constitution of the United States, the Constitution of the State of Minnesota, will support the City Code and laws of the City of Elk River, and to discharge faithfully the duties of the Utilities Commission of the City of Elk River, Minnesota, to the best of my judgment and ability, so help me God. ___________________________________ Nicholas Zerwas Subscribed and sworn to before me this _______ day of _____________, 2026. _________________________________ Person Administering Oath 1 REGULAR MEETING OF THE UTILITIES COMMISSION March 10, 2026, 3:30 P.M. Utilities Conference Room ______________________________________________________________________________ Page 1 of 2 AGENDA 1.0 GOVERNANCE 1.1 Oath of Office – Nick Zerwas 1.2 Call Meeting to Order 1.3 Pledge of Allegiance 1.4 Consider the Agenda 1.5 2026 Election of Officers – Chair and Vice Chair 1.6 2026 Committee Appointments a. Commission Committees Policy b. Wage & Benefits Committee c. Financial Reserves & Investment Committee d. Information Security Committee e. Dispute Resolution Committee 2.0 CONSENT (Routine items. No discussion. Approved by one motion.) 2.1 Check Register – February 2026 2.2 Regular Meeting Minutes – February 10, 2026 3.0 OPEN FORUM (Non-agenda items for discussion. No action. Presenters must adhere to a time limit of 3 minutes) 4.0 POLICY & COMPLIANCE (Policy review, policy development, and compliance monitoring.) 4.1 Annual Commissioner Orientation a. Frontier Energy Presentation 4.2 Annual Commission Bylaw and Attendance Policy Review 4.3 ERMU Mission, Vision, and Values 4.4 Commission Compensation and Stipend 5.0 BUSINESS ACTION (Current business action requests and performance monitoring reports.) 5.1 Financial Report – January 2026 5.2 Letter of Support for Minnesota Municipal Power Agency Solar Project 6.0 BUSINESS DISCUSSION (Future business planning, general updates, and informational reports.) 6.1 Staff Update 6.2 City Council Update 6.3 American Public Power Association Legislative Rally Update - Verbal 6.4 Future Planning (Announce the next regular meeting, special meeting, or planned quorum.) a. Regular Commission Meeting – April 14, 2026 b. 2026 Governance Agenda 2 ______________________________________________________________________________ Page 2 of 2 6.5 Other Business (Items added during agenda approval.) 7.0 ADJOURN REGULAR MEETING 3 ______________________________________________________________________________ Page 1 of 1 UTILITIES COMMISSION MEETING TO: ERMU Commission FROM: Tony Mauren – Governance & Communications Manager MEETING DATE: March 10, 2026 AGENDA ITEM NUMBER: 1.5 SUBJECT: 2026 Election of Officers – Chair and Vice Chair ACTION REQUESTED: Elect by motion the Commission Chair and Vice Chair BACKGROUND/DISCUSSION: Per ERMU policy, the offices of the ERMU Commission include a Chair, Vice-Chair, and a Secretary. The Commission elects the Chair and Vice-Chair to one-year terms annually during its regular meeting in the month of March. The office of Secretary is held by the General Manager; however, the General Manager may appoint another employee as Secretary, with the concurrence of the Commission. Attached for reference is the Commission Officer Roles, Responsibilities, and Succession Policy. In 2025 the officers were: Chair – John Dietz Vice Chair – Mary Stewart ATTACHMENTS: • ERMU Policy – G.2f - Commission Officer Roles, Responsibilities, and Succession 4 ______________________________________________________________________________ Page 1 of 3 COMMISSION POLICY Section: Category: Governance Governance Policies Policy Reference: Policy Title: G.2f Commission Officer Roles, Responsibilities, and Succession PURPOSE: With this policy, the Commission communicates the functions for which ERMU’s officers are accountable and the limits of authority that the Commission delegates to its officers. POLICY: The offices of the ERMU Commission include a Chair, a Vice-Chair, and a Secretary. The Commission elects the Chair and Vice Chair to one-year terms each year during its regular meeting in the month of March. An officer’s term begins that day and expires without action of the Commission upon resignation or death of the officer or upon failure of the officer to comply with the criteria necessary to hold the office. An officer’s term is extended without action of the Commission until a successor is duly elected. Any Commission member is eligible for office at any time; however, a Commission member nominated for the position of Chair will normally have served at least one term as Vice-Chair. The office of Secretary is held by the General Manager; however, the General Manager may appoint another employee as Secretary, with the concurrence of the Commission. Chair The Chair is accountable to the Commission for the integrity of the Commission's governance process. The Commission authorizes the Chair to call and schedule special meetings, set its meeting agendas, preside over its meetings and, with limitations, represent the Commission to outside parties. The Commission expects the Chair to set and maintain a friendly and productive tone for all meetings, encouraging full participation of all Commission members, effective deliberation and decision-making, and constructive resolution of disagreements. More specifically: 1. The expected result of the Chair’s function is that the Commission behaves in a manner that is consistent with its own policies and in full compliance with those obligations that others, with legitimate authority, impose on it from outside the organization. The Chair, by planning 5 ERMU Commission Policy – G.2f Commission Officer Roles, Responsibilities, and Succession ______________________________________________________________________________ ______________________________________________________________________________ Page 2 of 3 the Commission’s governance and meeting agendas will ensure that the Commission addresses those matters which, according to Commission policy, clearly belong to the Commission to determine, not to the General Manager. The Chair, by presiding over Commission meetings, will ensure that deliberation and decision-making at Commission meetings will be fair, open, and thorough, but also timely, orderly, and to the point. 2. The authority of the Chair is limited to Commission decision-making that falls within areas covered by Commission policies on Governance and Commission-Management Connection, except where the Commission specifically delegates portions of this same authority to others. The Commission authorizes the Chair to use any reasonable interpretation of the provisions in these policies in the discharge of duties. a. The Commission empowers the Chair to call and schedule all special meetings, set all meeting agendas, and preside over all Commission meetings with all of the commonly accepted power of that position (e.g., Ruling, recognizing, handling disagreements and unacceptable behaviors, etc). b. The Commission empowers the Chair, exercising reasonable discretion, to control the conduct of all meetings. This includes, but is not limited to, determining the time to be devoted to any particular matter before the Commission, whether any person in attendance may address the Commission on any subject and the order or duration of any presentations or comments permitted, closure of discussion on any matter before the Commission, and expulsion of any person whose conduct is disruptive. The Commission may, by a motion and majority vote of the Commissioners present, overrule the Chair on decisions related to the conduct of meetings. c. For purposes of meeting management, the Commission adopts the Rules contained in the current edition of Robert's Rules of Order Newly Revised for all situations to which they are applicable and in which they are not inconsistent with ERMU’s bylaws, policies and any special rules of order that the Commission may adopt. d. The Commission authorizes the Chair to execute official documents on its behalf. e. The Commission empowers the Chair to organize the work of the Commission, and to assign specific tasks to Commission members and to Committees established by the Commission. Specifically, the Commission empowers the Chair to schedule and coordinate the annual process for performance planning and evaluation of the General Manager. f. The Chair has no authority to make decisions about policies created by the Commission within the Results and Delegations to Management policy areas. As a result, the Chair has no authority to supervise or direct the General Manager. g. The Chair may represent the Commission to outside parties in announcing Commission- stated positions and in stating decisions and interpretations of Commission policy within the areas delegated by the Commission. The Chair will report to the Commission, as 6 ERMU Commission Policy – G.2f Commission Officer Roles, Responsibilities, and Succession ______________________________________________________________________________ ______________________________________________________________________________ Page 3 of 3 soon as practical, any communications made on behalf of the Commission. Representation of the Commission to outside parties is subject to the following limitations: i. Communications must be consistent with ERMU’s core purpose, core values, and mission, and with the role and authority of the Commission as set forth by Commission policies. ii. Communications must, as far as practical, represent the collective wisdom or position of the Commission. iii. Communications must be limited to deliberations already conducted, actions taken, or decisions made. Communications must not be speculative in nature. h. The Chair may delegate the authority granted in this policy to others (e.g. Vice-Chair), but remains accountable for its use. Vice-Chair The principal function of the Commission Vice-Chair is to prepare for the office of Chair and to take over the functions of the Chair when the Chair is unavailable, or otherwise at the request of the Chair. Secretary The principal function of the Commission Secretary is to ensure that: 1. Notices of Commission meetings, meeting agendas, and supporting materials are prepared and distributed as required by Policy; 2. Appropriate written records of Commission meetings are prepared and distributed to all Commission members and the General Manager three (3) days prior to the next Commission meeting; 3. Resolutions and other official actions of the Commission are prepared and executed in proper form; and 4. Written records of Commission meetings, including resolutions and other official actions are archived in secure location(s) and disposed of in compliance with applicable laws and regulations. POLICY HISTORY: Adopted May 9, 2017 7 ______________________________________________________________________________ Page 1 of 1 UTILITIES COMMISSION MEETING TO: ERMU Commission FROM: Tony Mauren – Governance & Communications Manager MEETING DATE: March 10, 2026 AGENDA ITEM NUMBER: 1.6 SUBJECT: 2026 Committee Appointments ACTION REQUESTED: Appoint by motion the Committee members BACKGROUND/DISCUSSION: Per ERMU policy, the Commission shall appoint committee members annually following the election of officers during the regular meeting in the month of March. The Commission shall also appoint committee chairs at that time. All appointments are for a one-year term. There are currently four commission committees: the Wage & Benefits Committee, the Financial Reserves & Investment Committee, the Information Security Committee, and the Dispute Resolution Committee. After gauging interest in who would like to serve on each committee, the following committee appointments should be made: Wage & Benefits Committee – 2 appointments; one being Chair Currently appointed: John Dietz – Chair and Mary Stewart Financial Reserves & Investment Committee – 2 appointments; one being Chair Currently appointed: Matt Westgaard – Chair and Nick Zerwas Information Security Committee – 1 appointment Currently appointed: Mary Stewart Dispute Resolution Committee – 2 appointments; one being Chair Currently appointed: Matt Westgaard – Chair and Jill Larson-Vito ATTACHMENTS: • Commission Policy – G.2g – Commission Committees • Commission Policy – G.2g1 - Wage & Benefits Committee Charter • Commission Policy – G.2g2 – Financial Reserves & Investment Committee Charter • Commission Policy – G.2g3 – Information Security Committee Charter • Commission Policy – G.2g4 – Dispute Resolution Committee Charter 8 ______________________________________________________________________________ Page 1 of 2 COMMISSION POLICY Section: Category: Governance Governance Policies Policy Reference: Policy Title: G.2g Commission Committees PURPOSE: With this policy, the Commission establishes and communicates its purposes and the means by which it creates and empowers committees to assist the Commission in its work. This policy applies to any group formed by Commission action, whether or not it is called a committee and whether or not the group includes Commission members. It does not apply to committees formed under the authority of the General Manager. POLICY: Commission committees, when created, will be used to reinforce the wholeness of the Commission and never to interfere with the delegation of authority from the Commission to the General Manager or to any officer of the Commission. Commission committees will not have direct involvement with current management and staff employee functions. Consistent with this general statement: 1. The Commission will use committees sparingly and only for as long as required to accomplish its purposes. Committees may be appropriate in circumstances where the Commission recognizes the need for more in-depth review of information and issues, and where a committee is the best way to make effective and efficient use of available Commission member expertise and time. Committees may also be appropriate where it is necessary or desirable for the Commission to visibly demonstrate regulatory compliance or accountability to its stakeholders (e.g. Financial Reserves and Investments Committee). 2. Committees ordinarily will assist the Commission in the following specific ways by: a. Monitoring organization performance metrics and related information; b. Preparing policy alternatives and their implications for Commission deliberation and action; 9 ERMU Commission Policy – G.2g Commission Committees ______________________________________________________________________________ ______________________________________________________________________________ Page 2 of 2 c. Determining the level of compliance with existing Commission policies and evaluating the results of policy compliance or non-compliance. 3. When the Commission creates a committee, it will develop and approve by resolution a written committee charter that sets forth the purposes, duration, expected outcomes, leadership, membership, delegated authority, available resources, and other information needed for the committee to function successfully. The General Manager will designate management/staff committee members if so requested. The Commission, by majority vote, will appoint Commission members to committees and remove or replace them, as appropriate. The Commission, by majority vote, will also appoint, remove, and replace a Committee Chair, Vice-Chair and any other positions of leadership that the Commission determines appropriate. 4. The Commission recognizes that appointments to a Committee provide opportunities for learning and Governance development. Accordingly, the Commission endeavors to appoint Commission members to committee leadership positions who do not already hold a Commission office. 5. The Commission will review the committee charter and performance of any standing committee at least annually to determine if changes are required or if the committee is still required. 6. Commission committees may not convene a meeting that includes a quorum of the Commission. 7. Commission committees may not speak or act for the Commission except when formally given such authority for specific and time-limited purposes. Expectations and authorities will be carefully stated in order not to conflict with authority delegated to the General Manager or Commission Chair. 8. Commission committees may not exercise authority over management and staff employees. The General Manager is accountable to the whole Commission and is not required to obtain approval of any Commission committee before taking an executive action. 9. Commission committees will avoid relating to or identifying with discrete parts of the organization rather than the whole. A Commission committee that has helped the Commission create policy on a particular subject will not be used to monitor organizational performance on that same subject, except with specific Commission approval. POLICY HISTORY: Adopted May 9, 2017 10 ______________________________________________________________________________ Page 1 of 2 COMMISSION POLICY Section: Category: Governance Governance Policies Policy Reference: Policy Title: G.2g1 Wage & Benefits Committee Charter PURPOSE: The Wage and Benefits Committee exists to help the Commission develop and maintain a pay plan structure and benefits package that are market competitive, help promote employee retention, and to help the Commission make informed decisions which provide value to the customers through fair labor expenses. This Committee also exists to help the Commission with succession planning and review pay equity compliance. MEMBERSHIP: The Committee shall be comprised of two Commissioners, the General Manager, the Administrations Director, and the Operations Director. At no time shall there be a quorum of the Commission on the Committee. The Commission shall appoint Committee members annually following the Commission election of officers during the March Regular Commission meeting. The Commission shall also appoint the Committee Chair at that time. ROLE OF THE COMMITTEE CHAIR: The primary role of the Committee Chair is to run the Committee meetings. The Committee will adhere to the Current edition of Robert’s Rules of Order Newly Revised for all situations to which they are applicable and are not inconsistent with ERMU’s bylaws, policies, and any special rules of order that the Commission may adopt. Committee meetings may be open or closed in accordance with Open Meeting Law. AUTHORITY: Except as established in this Committee Charter, the authority of the Committee is limited to the purpose of research and recommendation to the Commission. The Committee, at the discretion and through formal action of the Commission, may be empowered beyond the role of research 11 ERMU Commission Policy – G.2g1 Wage & Benefits Committee Charter ______________________________________________________________________________ ______________________________________________________________________________ Page 2 of 2 and recommendation such that it is consistent with the Organizational Core Purpose policies and the Commission Committees policy. SPECIFIC DUTIES: 1. At the request of the Commission, research and analyze topics related to employee compensation and benefits. 2. Annually perform market benchmarking and evaluate wages. The Committee shall present options and make recommendations regarding cost of living adjustments and pay plan structure modifications to the Commission for their consideration. 3. Review insurance policies and evaluate policy renewals related to employee benefit insurances. The Committee shall present options and make recommendations regarding these insurance policies to the Commission for their consideration. 4. Evaluate wage and benefit requests from employees. Present and make recommendations to the Commission as appropriate. 5. Review submittal information pertaining to pay equity compliance requirements and present options and make recommendations to the Commission as appropriate. 6. Record minutes of Committee meetings. Committee meeting minutes shall be subject to applicable data retention law and policies. SCHEDULE: At a minimum, the Committee shall meet on a quarterly basis. TERMINATION: The Committee shall exist until at such time formal action of the Commission is taken to dissolve the Committee. POLICY HISTORY: Adopted May 9, 2017 Revised February 14, 2023 Revised January 9, 2024 12 ______________________________________________________________________________ Page 1 of 2 COMMISSION POLICY Section: Category: Governance Governance Policies Policy Reference: Policy Title: G.2g2 Financial Reserves & Investment Committee Charter PURPOSE: The Financial Reserves & Investment Committee exists to help the Commission develop and maintain industry appropriate financial reserves and investment policies. MEMBERSHIP: The Committee shall be comprised of two Commissioners, the General Manager, and the Finance Manager. At no time shall there be a quorum of the Commission on the Committee. The Commission shall appoint Committee members annually following the Commission election of officers during the March Regular Commission meeting. The Commission shall also appoint the Committee Chair at that time. ROLE OF THE COMMITTEE CHAIR: The primary role of the Committee Chair is to run the Committee meetings. The Committee will adhere to the Current edition of Robert’s Rules of Order Newly Revised for all situations to which they are applicable and are not inconsistent with ERMU’s bylaws, policies, and any special rules of order that the Commission may adopt. Committee meetings may be open or closed in accordance with Open Meeting Law. AUTHORITY: Except as established in this Committee Charter, the authority of the Committee is limited to the purpose of research and recommendation to the Commission. The Committee, at the discretion and through formal action of the Commission, may be empowered beyond the role of research and recommendation such that it is consistent with the Organizational Core Purpose policies and the Commission Committees policy. SPECIFIC DUTIES: 13 ERMU Commission Policy – G.2g2 Financial Reserves & Investment Committee Charter ______________________________________________________________________________ ______________________________________________________________________________ Page 2 of 2 1. At the request of the Commission, research and analyze topics related to financial reserves and investments. 2. On a periodic basis, the Committee will review the Investment Policies, investment balances, and the various investment instruments for return, liquidity, and diversification. The Committee may present options and make recommendations to the Commission for their consideration. 3. Annually, when the Commission designates the official depository for the year, it should provide for the Finance Manager to recommend that additional depositories be designated for the purpose of investing funds. 4. On behalf of the Commission and Committee, new investments will be authorized by the Finance Manager, with the funds actually being transferred via a check produced by the A/P Specialist, and recorded in the check register detail presented at the regular Commission meetings. Investments that mature shall be reinvested by the Finance Manager. All investing will be transacted working with the investment firm(s) or bank(s) for the best rate of return within the constraints of the Management Investment Policy. In the event that the Finance Manager is unable to conduct the above investment responsibilities, the General Manager has the authority to act in his/her absence. 5. On a periodic basis, the Committee will review the Financial Reserves Policies and reserve balances. The Committee may present options and make recommendations to the Commission for their consideration. SCHEDULE: At a minimum, the Committee shall meet on an annual basis. TERMINATION: The Committee shall exist until at such time formal action of the Commission is taken to dissolve the Committee. POLICY HISTORY: Adopted May 9, 2017 Revised July 14, 2020 Revised January 9, 2024 14 ______________________________________________________________________________ Page 1 of 3 COMMISSION POLICY Section: Category: Governance Governance Policies Policy Reference: Policy Title: G.2g3 Information Security Committee Charter PURPOSE: Information security is managing risks to the confidentiality, integrity, and availability of information using administrative, physical, and technical controls. The Information Security Committee exists to help develop and maintain industry appropriate information security policies and oversight. Because of shared hardware and resources, there exists an overlap and shared risk for ERMU and the City of Elk River (City) operations. Although governed autonomously, this shall be an advisory Committee to both the ERMU and the City. MEMBERSHIP: This Committee shall be comprised of equal representation from ERMU and the City. From ERMU this committee shall include a Commissioner and the General Manager. The General Manager will appoint three additional members, at least one of whom will be a manager and at least one will be an information technology employee. From the City this committee shall include a Councilmember and the City Administrator. The City Administrator will appoint three additional members, at least one of whom will be a manager and at least one will be an information technology employee. At no time shall there be a quorum of the Commission or the Council on the Committee. The Commission shall appoint ERMU’s Committee member representatives annually following the Commission election of officers during the March Regular Commission meeting. The Council shall appoint its member annually. The Committee shall elect a chair annually. The General Manager and the City Administrator shall serve as the authorized reporting representatives for their respective governing bodies. ROLE OF THE COMMITTEE CHAIR: The primary role of the Committee Chair is to run the Committee meetings and act as committee secretary. The Committee will adhere to the Current edition of Robert’s Rules of Order Newly 15 ERMU Commission Policy – G.2g3 Information Security Committee Charter ______________________________________________________________________________ ______________________________________________________________________________ Page 2 of 3 Revised for all situations to which they are applicable and are not inconsistent with ERMU’s bylaws, policies, and any special rules of order that the Commission may adopt; and similarly, the Committee action shall not be inconsistent with applicable laws and policies which regulate the City of Elk River. Committee meetings may be open or closed in accordance with Open Meeting Law. AUTHORITY: Except as established in this Committee Charter, the authority of the Committee is limited to the purpose of research and recommendation to ERMU and the City. SPECIFIC DUTIES: 1. Policies and Procedures: Assist ERMU and the City in the development of information security related policies. Review effectiveness of information security policy implementations. Identify and recommend how to handle non-compliance. Assist with the development of information security related procedures, standards, guidelines, and baselines to the ERMU and the City. At least annually, provide timely reports including recommendations regarding effectiveness of polices and procedures to ERMU and City leadership teams. 2. Risk Assessment: Review industry appropriate information security trends to maintain an up- to-date perspective on related risks and industry’s best practice risk mitigation methods. Identify significant threats and vulnerabilities. Assess the adequacy and coordination of the implementation of information security controls. Recommend methodologies and processes for information security. Evaluate ongoing related legal and regulatory compliance changes. Review incident information and recommend follow-up actions. At least annually, provide timely reports including recommendation regarding risks assessment to ERMU and City leadership teams. 3. Budget Development: Develop data needed for thorough evaluation of proposed information security initiatives for budget preparation and consideration. Information shall include options, risk evaluation, resource requirements, implementation timelines, and costs. At least annually and coordinating with their respective budgeting process schedules, provide timely reports regarding information security initiatives proposed for consideration to ERMU and City leadership teams. 4. Education and Awareness: Function as an information security program champion providing clear direction and unity in ERMU and City leadership teams’ support for approved security initiatives and policies. Develop and implement plans and programs to maintain information security awareness. Promote information security education, training, and awareness throughout ERMU and the City. SCHEDULE: At a minimum, the Committee shall meet on an annual basis. 16 ERMU Commission Policy – G.2g3 Information Security Committee Charter ______________________________________________________________________________ ______________________________________________________________________________ Page 3 of 3 TERMINATION: The Committee shall exist as a joint effort between ERMU and the City until at such time either the Commission or Council dissolve the joint nature of the Committee. POLICY HISTORY: Established August 8, 2017 Revised November 12, 2019 Revised February 14, 2023 Revised January 9, 2024 17 Page 1 of 3 COMMISSION POLICY Section: Category: Governance Governance Policies Policy Reference: Policy Title: G.2g4 Dispute Resolution Committee Charter PURPOSE: The Dispute Resolution Committee exists to provide customers an alternative dispute resolution option for circumstances which: require action beyond the authority assigned through the Delegation to Management Policies; require policy creation, revision, or exception; have exhausted the established utilities procedures and/or protocol; and involves customer protected data for which the customer prefers addressing the issue through a meeting closed to the public. For qualifying customer disputes, the Committee will provide: an informal hearing in accordance with Open Meeting Law allowing the customers to communicate the concern; recess and reconvene as needed to conduct appropriate research and/or deliberate; make a determination within parameters established through the Commission Policies and within the authorities delegated through this policy; and report and/or make recommendations to the Commission as required. MEMBERSHIP: The Committee shall be comprised of five members, three appointed annually and two which vary with each dispute. The three members appointed annually shall include two Commissioners and the General Manager. At no time shall there be a quorum of the Commission on the Committee. The Committee shall also include the director and the manager most directly involved in the dispute. The Commission shall appoint Committee members annually following the Commission election of officers during the March Regular Commission meeting. The Commission shall also appoint the Committee Chair at that time. ROLE OF THE COMMITTEE CHAIR: The primary role of the Committee Chair is to run the Committee meetings. The Committee will adhere to the Current edition of Robert’s Rules of Order Newly Revised for all situations to which they are applicable and are not inconsistent with ERMU’s bylaws, policies, and any 18 Page 2 of 3 ERMU Commission Policy – G.2g4 Dispute Resolution Committee Charter special rules of order that the Commission may adopt. AUTHORITY: Except as established in this Committee Charter, the authority of the Committee is limited to the purpose of dispute resolution within the authorities delegated to management through the Commission Policies, research related to customer disputes or complaints, and recommendations to the Commission. The Committee, at the discretion and through formal action of the Commission, may be empowered beyond the role as outlined in this policy such that it is consistent with the Organizational Core Purpose policies and the Commission Committees policy. SPECIFIC DUTIES: 1. After a formal request is submitted for a qualifying customer dispute, the Committee will schedule a hearing, either in person or virtual, within a reasonable amount of time. 2. Through the hearing, the Committee will allow the customer to communicate relevant information and request dispute resolution which may require policy creation, revision, or exemption. 3. The Committee is required to verify all information and data; and the Committee will review the Customer’s account history and other relevant information. 4. And as needed, the Committee shall research industry best practices related to the dispute. 5. The Committee is authorized to engage legal counsel for legal review and recommendations. 6. The Committee will make a determination whether resolution can be provided within the authorities assigned through this policy; and if so, the Committee will provide written summary of the dispute and the authorized resolution for implementation by management. 7. When no action is taken by the Committee toward resolution, the Committee will determine whether the request warrants further consideration by the Commission, in which case the Committee will present a summary of the dispute to the Commission and a make recommendation. In the event that no action is taken by the Committee, and the Committee has determined that the dispute does not warrant further consideration or advancement to the Commission, the Committee shall summarize their finding in a report to be provide to the customer and placed on file. 8. The Committee shall record minutes of all Committee meetings. Committee meeting minutes shall be subject to applicable data retention law and policies. SCHEDULE: The Committee shall meet on an as-needed basis. 19 Page 3 of 3 ERMU Commission Policy – G.2g4 Dispute Resolution Committee Charter TERMINATION: The Committee shall exist until at such time formal action of the Commission is taken to dissolve the Committee. POLICY HISTORY: Adopted January 12, 2021 Revised February 14, 2023 Revised February 13, 2024 20 CHECK REGISTER February 2026 APPROVED BY: John Dietz Jill Larson-Vito Mary Stewart Matt Westgaard Nick Zerwas 21 Payroll/Labor Check Register Totals Page: 103/02/2026 3:48:07 pm Elk River Municipal Utilities 02/13/2026 To 02/13/2026 Rev: 202303050330 Pays Job Amount Hours Gross Pay 185,083.67 3,209.002Reg Hours 5,945.90 62.003Overtime 0.00 0.004Double Time 3,118.10 56.005On-Call/Stand-by 56.67 0.0024FLSA 27.23 0.5025Rest Time 0.00 0.0010Bonus Pay 600.00 0.0018Commissioner Reimb - Electric 60.00 0.00104Commission Stipend 7,869.56 145.50VACVacation Pay 5,668.10 111.50SICKSick Pay 0.00 0.00HOLHoliday Pay 327.96 3.255-2 On-Call/Stand-by/OT 150.00 0.0018ACommissioner Reimb. - Water 220.35 2.2510-3 Bonus Pay Overtime 15.00 0.00104ACommission Stipend - Water 825.31 10.50PTOYPersonal Day - Year 570.13 7.003COvertime-Comp Time 0.00 0.004CDouble Time-Comp Time -570.13 -7.00CM3COvertime-Comp Time Adjusted 0.00 0.00CM4CDouble Time-Comp Time Adjusted 1,550.00 0.00106Longevity Pay 2,627.84 64.00MILMilitary Pay - Calendar Year Gross Pay Total:214,145.69 3,664.50 Total Pays:214,145.69 3,664.50 /pro/rpttemplate/acct/2.64.1/pl/PL_CHK_REG_TOTALS.xml.rpt KGreenberg252520322 Payroll/Labor Check Register Totals Page: 103/02/2026 3:48:46 pm Elk River Municipal Utilities 02/27/2026 To 02/27/2026 Rev: 202303050330 Pays Job Amount Hours Gross Pay 158,910.05 2,786.752Reg Hours 164.67 2.003Overtime 0.00 0.004Double Time 3,083.78 56.005On-Call/Stand-by 0.00 0.0024FLSA 0.00 0.0025Rest Time 914.06 14.0010Bonus Pay 0.00 0.0018Commissioner Reimb - Electric 60.00 0.00104Commission Stipend 12,797.32 237.00VACVacation Pay 8,480.46 134.75SICKSick Pay 20,034.70 352.00HOLHoliday Pay 0.00 0.005-2 On-Call/Stand-by/OT 0.00 0.0018ACommissioner Reimb. - Water 0.00 0.0010-3 Bonus Pay Overtime 15.00 0.00104ACommission Stipend - Water 1,729.92 32.00PTOYPersonal Day - Year 49.16 0.503COvertime-Comp Time 272.16 2.004CDouble Time-Comp Time -49.16 -0.50CM3COvertime-Comp Time Adjusted -272.16 -2.00CM4CDouble Time-Comp Time Adjusted 120.10 2.00COMPComp Time Taken 0.00 0.00106Longevity Pay 0.00 0.00MILMilitary Pay - Calendar Year Gross Pay Total:206,310.06 3,616.50 Total Pays:206,310.06 3,616.50 /pro/rpttemplate/acct/2.64.1/pl/PL_CHK_REG_TOTALS.xml.rpt KGreenberg252520323 Page 103/02/2026 3:47:18 PM Rev: 202303050106 Accounts Payable Check Register Elk River Municipal Utilities 02/01/2026 To 02/28/2026 Bank Account: 1 - GENERAL FUND Check / Tran Date Pmt Type AmountVendor NameVendor Reference WIRE23882/4/26 FISERV5655 ACH FEES - JAN 2026 1,675.22 ACH FEES - JAN 2026 418.81 ACH FEES - JAN 2026 2,344.66 ACH FEES - JAN 2026 586.16 ACH FEES - JAN 2026 567.14 ACH FEES - JAN 2026 141.78 ACH FEES - JAN 2026 2,508.02 ACH FEES - JAN 2026 627.01 ACH FEES - JAN 2026 53.25 ACH FEES - JAN 2026 13.31 ACH FEES - JAN 2026 793.57 ACH FEES - JAN 2026 198.39 Total for Check/Tran - 2388:9,927.32 Total for Bank Account - 1 :(1)9,927.32 /pro/rpttemplate/acct/2.64.1/ap/AP_CHK_REGISTER.xml.rpt2520324 Page 203/02/2026 3:47:18 PM Rev: 202303050106 Accounts Payable Check Register Elk River Municipal Utilities 02/01/2026 To 02/28/2026 Bank Account: 5 - GENERAL FUND WITHDRAWALS Check / Tran Date Pmt Type AmountVendor NameVendor Reference WIRE51032/4/26 IRS - USA TAX PMT (ELECTRONIC)152 PAYROLL TAXES - FEDERAL & FICA 19,724.73 PAYROLL TAXES - FEDERAL & FICA 25,852.44 PAYROLL TAXES - FEDERAL & FICA 3,951.09 PAYROLL TAXES - FEDERAL & FICA 5,565.56 Total for Check/Tran - 5103:55,093.82 WIRE51042/4/26 PERA (ELECTRONIC)153 PERA EMPLOYEE CONTRIBUTION 11,027.14 PERA CONTRIBUTIONS 12,723.64 PERA EMPLOYEE CONTRIBUTION 2,498.18 PERA CONTRIBUTIONS 2,882.54 Total for Check/Tran - 5104:29,131.50 WIRE51052/4/26 VOYA INSTITUTIONAL TRUST COMPAN160HCSP EMPLOYEE CONTRIBUTIONS 2,597.45 HCSP EMPLOYEE CONTRIBUTIONS 451.59 Total for Check/Tran - 5105:3,049.04 WIRE51062/4/26 VOYA INSTITUTIONAL TRUST COMPAN161MNDCP EE MANAGER CONTRIBUTIONS 368.35 MNDCP EMPLOYEE CONTRIBUTIONS 3,892.37 MNDCP EMPLOYER CONTRIBUTION 5,716.87 MNDCP EMPLOYER MGR CONTRIBUTION 619.52 MNDCP EE ROTH CONTRIBUTIONS 1,824.50 MNDCP EE ROTH MGR CONTRIBUTIONS 251.17 MNDCP EE MANAGER CONTRIBUTIONS 51.76 MNDCP EMPLOYEE CONTRIBUTIONS 352.90 MNDCP EMPLOYER CONTRIBUTION 746.34 MNDCP EMPLOYER MGR CONTRIBUTION 85.54 MNDCP EE ROTH CONTRIBUTIONS 393.44 MNDCP EE ROTH MGR CONTRIBUTIONS 33.78 Total for Check/Tran - 5106:14,336.54 WIRE51072/4/26 JOHN HANCOCK285 W&A EMPLOYER CONTRIBUTION 2,350.59 W&A MANAGER CONTRIBUTION 436.88 WENZEL EMPLOYEE CONTRIBUTIONS 1,924.43 /pro/rpttemplate/acct/2.64.1/ap/AP_CHK_REGISTER.xml.rpt2520325 Page 303/02/2026 3:47:18 PM Rev: 202303050106 Accounts Payable Check Register Elk River Municipal Utilities 02/01/2026 To 02/28/2026 Bank Account: 5 - GENERAL FUND WITHDRAWALS Check / Tran Date Pmt Type AmountVendor NameVendor Reference WENZEL MANAGER CONTRIBUTIONS 136.43 DEF COMP ROTH CONTRIBUTIONS W&A 900.00 WENZEL EE ROTH MGR CONTRIBUTIONS 300.45 W&A EMPLOYER CONTRIBUTION 539.18 W&A MANAGER CONTRIBUTION 67.50 WENZEL EMPLOYEE CONTRIBUTIONS 191.40 WENZEL MANAGER CONTRIBUTIONS 34.11 DEF COMP ROTH CONTRIBUTIONS W&A 347.78 WENZEL EE ROTH MGR CONTRIBUTIONS 33.39 Total for Check/Tran - 5107:7,262.14 WIRE51082/4/26 MINNESOTA CHILD SUPPORT PAYMEN598 CHILD SUPPORT 304.10 WIRE51092/4/26 HEALTHEQUITY, INC738 HSA EMPLOYEE CONTRIBUTION 3,465.31 HSA EMPLOYEE CONTRIBUTION 570.46 Total for Check/Tran - 5109:4,035.77 WIRE51102/5/26 MINNESOTA REVENUE (ELECTRONIC)154 PAYROLL TAXES - STATE 8,460.91 PAYROLL TAXES - STATE 1,776.64 Total for Check/Tran - 5110:10,237.55 WIRE51112/6/26 HEALTHEQUITY, INC738 FSA CLAIM REIMBURSEMENTS - 164 222.20 FSA CLAIM REIMBURSEMENTS - 164 55.55 Total for Check/Tran - 5111:277.75 WIRE51122/5/26 HEALTHEQUITY, INC738 FSA CLAIM REIMBURSEMENTS - 164 0.02 WIRE51132/9/26 HEALTHPARTNERS631 DENTAL EE INSURANCE - FEB 2026 1,062.67 DENTAL ER INSURANCE - FEB 2026 2,873.82 DENTAL EE INSURANCE - FEB 2026 182.09 DENTAL ER INSURANCE - FEB 2026 860.44 Total for Check/Tran - 5113:4,979.02 WIRE51142/9/26 HEALTHEQUITY, INC738 FSA CLAIM REIMBURSEMENTS - 119 1,922.88 ADMINISTRATIVE FEE INVOICE - FEB 2026 121.90 /pro/rpttemplate/acct/2.64.1/ap/AP_CHK_REGISTER.xml.rpt2520326 Page 403/02/2026 3:47:18 PM Rev: 202303050106 Accounts Payable Check Register Elk River Municipal Utilities 02/01/2026 To 02/28/2026 Bank Account: 5 - GENERAL FUND WITHDRAWALS Check / Tran Date Pmt Type AmountVendor NameVendor Reference ADMINISTRATIVE FEE INVOICE - FEB 2026 25.10 Total for Check/Tran - 5114:2,069.88 WIRE51152/9/26 ONLINE UTILITY EXCHANGE (ELECTR166 UTILITY EXCHANGE REPORT - JAN 2026 229.20 UTILITY EXCHANGE REPORT - JAN 2026 57.30 Total for Check/Tran - 5115:286.50 WIRE51172/12/26 HEALTHEQUITY, INC738 HSA ER CONTRIB BALANCE - 169 177 708.33 WIRE51182/11/26 MEDICA8708 MEDICAL EE INSURANCE - FEB 2026 11,203.80 MEDICAL ER INSURANCE - FEB 2026 60,621.73 MEDICAL INSURANCE COBRA - FEB 2026 2,749.76 MEDICAL EE INSURANCE - FEB 2026 2,712.20 MEDICAL ER INSURANCE - FEB 2026 15,563.80 Total for Check/Tran - 5118:92,851.29 WIRE51212/13/26 IRS - USA TAX PMT (ELECTRONIC)152 PAYROLL TAXES - FEDERAL & FICA 341.00 PAYROLL TAXES - FEDERAL & FICA 237.16 Total for Check/Tran - 5121:578.16 WIRE51222/17/26 MINNESOTA REVENUE (ELECTRONIC)154 PAYROLL TAXES - STATE 96.88 WIRE51232/13/26 CHARTER COMMUNICATIONS549 OFFICE TELEPHONE & CABLE 192.94 OFFICE TELEPHONE & CABLE 48.24 Total for Check/Tran - 5123:241.18 WIRE51242/18/26 IRS - USA TAX PMT (ELECTRONIC)152 PAYROLL TAXES - FEDERAL & FICA 18,223.48 PAYROLL TAXES - FEDERAL & FICA 24,970.88 PAYROLL TAXES - FEDERAL & FICA 3,789.10 PAYROLL TAXES - FEDERAL & FICA 5,551.84 Total for Check/Tran - 5124:52,535.30 WIRE51252/18/26 PERA (ELECTRONIC)153 PERA EMPLOYEE CONTRIBUTION 11,279.70 PERA CONTRIBUTIONS 13,015.07 PERA EMPLOYEE CONTRIBUTION 2,485.36 PERA CONTRIBUTIONS 2,867.72 /pro/rpttemplate/acct/2.64.1/ap/AP_CHK_REGISTER.xml.rpt2520327 Page 503/02/2026 3:47:18 PM Rev: 202303050106 Accounts Payable Check Register Elk River Municipal Utilities 02/01/2026 To 02/28/2026 Bank Account: 5 - GENERAL FUND WITHDRAWALS Check / Tran Date Pmt Type AmountVendor NameVendor Reference Total for Check/Tran - 5125:29,647.85 WIRE51262/18/26 PERA (ELECTRONIC)153 PERA EMPLOYEE CONTRIBUTION 11,430.90 PERA CONTRIBUTIONS 13,189.55 PERA EMPLOYEE CONTRIBUTION 2,436.22 PERA CONTRIBUTIONS 2,811.01 Total for Check/Tran - 5126:29,867.68 WIRE51272/18/26 VOYA INSTITUTIONAL TRUST COMPAN160HCSP EMPLOYEE CONTRIBUTIONS 2,573.63 HCSP EMPLOYEE CONTRIBUTIONS 463.21 Total for Check/Tran - 5127:3,036.84 WIRE51282/18/26 VOYA INSTITUTIONAL TRUST COMPAN161MNDCP EE MANAGER CONTRIBUTIONS 368.37 MNDCP EMPLOYEE CONTRIBUTIONS 3,806.88 MNDCP EMPLOYER CONTRIBUTION 5,191.38 MNDCP EMPLOYER MGR CONTRIBUTION 619.54 MNDCP EE ROTH CONTRIBUTIONS 1,824.50 MNDCP EE ROTH MGR CONTRIBUTIONS 251.17 MNDCP EE MANAGER CONTRIBUTIONS 51.74 MNDCP EMPLOYEE CONTRIBUTIONS 357.39 MNDCP EMPLOYER CONTRIBUTION 690.83 MNDCP EMPLOYER MGR CONTRIBUTION 85.52 MNDCP EE ROTH CONTRIBUTIONS 393.44 MNDCP EE ROTH MGR CONTRIBUTIONS 33.78 Total for Check/Tran - 5128:13,674.54 WIRE51292/18/26 JOHN HANCOCK285 W&A EMPLOYER CONTRIBUTION 1,931.41 W&A MANAGER CONTRIBUTION 436.89 WENZEL EMPLOYEE CONTRIBUTIONS 1,791.97 WENZEL MANAGER CONTRIBUTIONS 136.43 DEF COMP ROTH CONTRIBUTIONS W&A 896.04 WENZEL EE ROTH MGR CONTRIBUTIONS 300.46 W&A EMPLOYER CONTRIBUTION 543.19 /pro/rpttemplate/acct/2.64.1/ap/AP_CHK_REGISTER.xml.rpt2520328 Page 603/02/2026 3:47:18 PM Rev: 202303050106 Accounts Payable Check Register Elk River Municipal Utilities 02/01/2026 To 02/28/2026 Bank Account: 5 - GENERAL FUND WITHDRAWALS Check / Tran Date Pmt Type AmountVendor NameVendor Reference W&A MANAGER CONTRIBUTION 67.49 WENZEL EMPLOYEE CONTRIBUTIONS 191.45 WENZEL MANAGER CONTRIBUTIONS 34.11 DEF COMP ROTH CONTRIBUTIONS W&A 351.74 WENZEL EE ROTH MGR CONTRIBUTIONS 33.38 Total for Check/Tran - 5129:6,714.56 WIRE51302/18/26 MINNESOTA CHILD SUPPORT PAYMEN598 CHILD SUPPORT 304.10 WIRE51312/19/26 MINNESOTA REVENUE (ELECTRONIC)154 PAYROLL TAXES - STATE 8,025.55 PAYROLL TAXES - STATE 1,730.44 Total for Check/Tran - 5131:9,755.99 WIRE51332/19/26 HEALTHEQUITY, INC738 HSA EMPLOYEE CONTRIBUTION 2,827.80 HSA EMPLOYEE CONTRIBUTION 581.97 Total for Check/Tran - 5133:3,409.77 WIRE51342/19/26 HEALTHEQUITY, INC738 FSA CLAIM REIMBURSEMENTS - 164 0.02 FSA CLAIM REIMBURSEMENTS - 164 0.01 Total for Check/Tran - 5134:0.03 WIRE51352/20/26 HEALTHEQUITY, INC738 FSA CLAIM REIMBURSEMENTS - 164 222.19 FSA CLAIM REIMBURSEMENTS - 164 55.55 Total for Check/Tran - 5135:277.74 WIRE51362/13/26 CARDMEMBER SERVICE9654 FIRST NATIONAL BANK VISA 11,911.71 FIRST NATIONAL BANK VISA 584.58 Total for Check/Tran - 5136:12,496.29 WIRE51372/23/26 MINNESOTA REVENUE SALES TX (ELE174 SALES AND USE TAX - JAN 2026 301,006.61 SALES AND USE TAX - JAN 2026 1.56 SALES AND USE TAX - JAN 2026 3,181.83 Total for Check/Tran - 5137:304,190.00 WIRE51382/25/26 HEALTHEQUITY, INC738 FSA CLAIM REIMBURSEMENTS - 147 153.80 FSA CLAIM REIMBURSEMENTS - 147 38.45 /pro/rpttemplate/acct/2.64.1/ap/AP_CHK_REGISTER.xml.rpt2520329 Page 703/02/2026 3:47:18 PM Rev: 202303050106 Accounts Payable Check Register Elk River Municipal Utilities 02/01/2026 To 02/28/2026 Bank Account: 5 - GENERAL FUND WITHDRAWALS Check / Tran Date Pmt Type AmountVendor NameVendor Reference Total for Check/Tran - 5138:192.25 WIRE51392/25/26 HEALTHEQUITY, INC738 BALANCE PRE-FUND 2025 HCRA - 172 20.14 BALANCE PRE-FUND 2025 HCRA - 172 5.04 Total for Check/Tran - 5139:25.18 DD232332/12/26 CITY OF ELK RIVER11 2025 STREET IMPROVEMENTS 117,935.47 TRASH BILLED - JAN 2026 173,506.80 Total for Check/Tran - 23233:291,442.27 DD232342/12/26 ARCHER PLUMBING LLC728 WATER HEATER SERVICE 175.00 WATER HEATER SERVICE 25.00 Total for Check/Tran - 23234:200.00 DD232352/12/26 AUTOMATIC SYSTEMS CO1327 SCADA 37,401.00 DD232362/12/26 CDW GOVERNMENT663 Warranty 235.37 Warranty 287.67 Total for Check/Tran - 23236:523.04 DD232372/12/26 CITY OF ELK RIVER11 PARTS & LABOR FOR UNIT #13 -3.82 PARTS & LABOR FOR UNIT #13 312.39 PARTS & LABOR FOR UNIT #33 -5.67 PARTS & LABOR FOR UNIT #33 324.69 PARTS & LABOR FOR UNIT #33 -0.30 PARTS & LABOR FOR UNIT #33 17.09 PARTS & LABOR FOR UNIT #15 246.30 PARTS & LABOR FOR UNIT #66 -14.93 PARTS & LABOR FOR UNIT #66 253.25 PARTS & LABOR FOR UNIT #2 -0.90 PARTS & LABOR FOR UNIT #2 64.26 PARTS & LABOR FOR UNIT #2 -0.22 PARTS & LABOR FOR UNIT #2 16.05 PARTS & LABOR FOR UNIT #5 -8.40 /pro/rpttemplate/acct/2.64.1/ap/AP_CHK_REGISTER.xml.rpt2520330 Page 803/02/2026 3:47:18 PM Rev: 202303050106 Accounts Payable Check Register Elk River Municipal Utilities 02/01/2026 To 02/28/2026 Bank Account: 5 - GENERAL FUND WITHDRAWALS Check / Tran Date Pmt Type AmountVendor NameVendor Reference PARTS & LABOR FOR UNIT #5 342.63 PARTS & LABOR FOR UNIT #11 -13.26 PARTS & LABOR FOR UNIT #11 279.13 PARTS & LABOR FOR UNIT #14 -1.12 PARTS & LABOR FOR UNIT #14 77.10 PARTS & LABOR FOR UNIT #14 -0.05 PARTS & LABOR FOR UNIT #14 4.04 PARTS & LABOR FOR UNIT #28 -1.30 PARTS & LABOR FOR UNIT #28 82.92 FUEL USAGE - DEC 2025 2,256.23 FUEL USAGE - DEC 2025 765.87 VINYL STICKERS FOR TRUCKS -0.78 VINYL STICKERS FOR TRUCKS 303.18 Total for Check/Tran - 23237:5,294.38 DD232382/12/26 CROW RIVER FARM EQUIP CO36 MISC PARTS & SUPPLIES 63.24 MISC PARTS & SUPPLIES 139.35 Total for Check/Tran - 23238:202.59 DD232392/12/26 ELK RIVER MUNICIPAL UTILITIES23 CYCLE 3 - INV GRP 414 - DEC 2025 125.00 CYCLE 3 - INV GRP 414 - DEC 2025 819.57 CYCLE 3 - INV GRP 395 - DEC 2025 11,998.64 Total for Check/Tran - 23239:12,943.21 DD232402/12/26 MITCH GIRTZ8494 RETURN FUNDS TO EE - 119 250.00 DD232412/12/26 HOTSY MINNESOTA5310 TRUCK WASH SOAP 579.06 TRUCK WASH SOAP 82.72 Total for Check/Tran - 23241:661.78 DD232422/12/26 MARILU INC828 MONTHLY CLEANING FOR THE PLANT-JAN 2026 2,982.74 MONTHLY CLEANING FOR THE PLANT-JAN 2026 426.11 Total for Check/Tran - 23242:3,408.85 /pro/rpttemplate/acct/2.64.1/ap/AP_CHK_REGISTER.xml.rpt2520331 Page 903/02/2026 3:47:18 PM Rev: 202303050106 Accounts Payable Check Register Elk River Municipal Utilities 02/01/2026 To 02/28/2026 Bank Account: 5 - GENERAL FUND WITHDRAWALS Check / Tran Date Pmt Type AmountVendor NameVendor Reference DD232432/12/26 METRO SALES, INC330 COPIER MTC CONTRACT -12/21/25 to 1/20/26 175.27 COPIER MTC CONTRACT -12/21/25 to 1/20/26 43.82 Total for Check/Tran - 23243:219.09 DD232442/12/26 KATY OLSON5006 Water Clothing/PPE 199.94 DD232452/12/26 RALPHIE'S MINNOCO8897 RALPHIE'S MINNOCO 113.29 DD232462/12/26 WATER LABORATORIES INC135 SAMPLING - JAN 2026 360.00 DD232472/19/26 ARCHER PLUMBING LLC728 WATER METER INSTALL 981.66 WATER METER INSTALL -71.66 Total for Check/Tran - 23247:910.00 DD232482/19/26 MICHAEL ATWOOD665 Mileage-Schools and Meetings 34.65 DD232492/19/26 BORDER STATES ELECTRIC SUPPLY9 SUPPLYTRAX ANNUAL SUPPORT 825.00 ANIMAL GUARD 2,137.00 Mtce of OH Primary 306.25 Ground Bar 225.61 Ground Bar 225.61 Overhead Material 9,435.00 Total for Check/Tran - 23249:13,154.47 DD232502/19/26 CAMPBELL KNUTSON8843 LEGAL SERVICES - JAN 2026 805.60 LEGAL SERVICES - JAN 2026 201.40 Total for Check/Tran - 23250:1,007.00 DD232512/19/26 CRC7448 CUSTOMER SERVICE AFTER HOURS 2,662.98 CUSTOMER SERVICE AFTER HOURS 665.74 Total for Check/Tran - 23251:3,328.72 DD232522/19/26 ELK RIVER MUNICIPAL UTILITIES23 CYCLE 4 - ACCT 51086 - JAN 2026 62.59 CYCLE 4 - INV GRP 396 - JAN 2026 314.37 Total for Check/Tran - 23252:376.96 DD232532/19/26 FASTENAL COMPANY671 SCREWS 3.96 /pro/rpttemplate/acct/2.64.1/ap/AP_CHK_REGISTER.xml.rpt2520332 Page 1003/02/2026 3:47:18 PM Rev: 202303050106 Accounts Payable Check Register Elk River Municipal Utilities 02/01/2026 To 02/28/2026 Bank Account: 5 - GENERAL FUND WITHDRAWALS Check / Tran Date Pmt Type AmountVendor NameVendor Reference DD232542/19/26 FRONTIER ENERGY, INC664 PROFESSIONAL SERVICES - DEC 2025 16,537.73 DD232552/19/26 GARAGE DOOR STORE404 FSB CENTER GATE REPAIR -2.06 FSB CENTER GATE REPAIR 426.43 FSB CENTER GATE REPAIR -0.30 FSB CENTER GATE REPAIR 60.93 Total for Check/Tran - 23255:485.00 DD232562/19/26 GOPHER STATE ONE-CALL91 LOCATES FOR - JAN 2026 151.38 LOCATES FOR - JAN 2026 7.97 Total for Check/Tran - 23256:159.35 DD232572/19/26 HAWKINS, INC.809 Water Chemicals 1,742.62 DD232582/19/26 INNOVATIVE OFFICE SOLUTIONS LLC6836 OFFICE SUPPLIES 157.31 OFFICE SUPPLIES 39.33 Total for Check/Tran - 23258:196.64 DD232592/19/26 MINNESOTA MUNICIPAL POWER AGEN1001 PURCHASED POWER - JAN 2026 1,819,306.10 PURCHASED POWER - JAN 2026 297,287.32 Total for Check/Tran - 23259:2,116,593.42 DD232602/19/26 MMUA39 ELEC TRAINING FOR WATER OP - 196 3.26 685.00 DD232612/19/26 NISC9300 AGREEMENTS INVOICE - JAN 2026 53.94 AGREEMENTS INVOICE - JAN 2026 792.40 AGREEMENTS INVOICE - JAN 2026 11,787.03 AGREEMENTS INVOICE - JAN 2026 260.00 AGREEMENTS INVOICE - JAN 2026 339.60 AGREEMENTS INVOICE - JAN 2026 2,658.22 AGREEMENTS INVOICE - JAN 2026 65.00 MISC INVOICE - JAN 2026 719.08 MISC INVOICE - JAN 2026 179.77 PRINT SERVICES - JAN 2026 7,984.39 PRINT SERVICES - JAN 2026 1,996.10 /pro/rpttemplate/acct/2.64.1/ap/AP_CHK_REGISTER.xml.rpt2520333 Page 1103/02/2026 3:47:18 PM Rev: 202303050106 Accounts Payable Check Register Elk River Municipal Utilities 02/01/2026 To 02/28/2026 Bank Account: 5 - GENERAL FUND WITHDRAWALS Check / Tran Date Pmt Type AmountVendor NameVendor Reference Total for Check/Tran - 23261:26,835.53 DD232622/19/26 DEREK S PALMER460 Mileage 31.18 DD232632/19/26 SCHWEITZER ENGINEERING LABORAT7940 Meter 5,796.25 DD233102/26/26 BEAUDRY OIL COMPANY6 UNLEADED FUEL 2,090.23 DIESEL FUEL 3,005.85 Total for Check/Tran - 23310:5,096.08 DD233112/26/26 CITY OF ELK RIVER11 SEWER BILLED - JAN 2026 253,639.83 STORMWATER BILLED - JAN 2026 57,222.46 REVENUE TRANSFER - JAN 2026 176,199.68 REVENUE TRANSFER - JAN 2026 3,403.95 Total for Check/Tran - 23311:490,465.92 DD233122/26/26 ELFERING & ASSOCIATES3667 PROFESSIONAL SERVICES - JAN 2026 975.00 PROFESSIONAL SERVICES-JAN 2026 CTY 44 2,400.00 Total for Check/Tran - 23312:3,375.00 DD233132/26/26 ELK RIVER MUNICIPAL UTILITIES23 CYCLE 1 - INV GRP 421 - JAN 2026 5,149.79 CYCLE 1 - ACCT 183 - JAN 2026 1,331.26 CYCLE 1 - INV GRP 101 - JAN 2026 4,398.59 CYCLE 1 - INV GRP 101 - JAN 2026 17.47 CYCLE 1 - INV GRP 101 - JAN 2026 693.18 CYCLE 1 - INV GRP 101 - JAN 2026 742.82 CYCLE 1 - INV GRP 101 - JAN 2026 173.30 Total for Check/Tran - 23313:12,506.41 DD233142/26/26 FASTENAL COMPANY671 STRAPPING 25.48 DD233152/26/26 KATHY A GREENBERG8469 Mileage-Office Supplies 31.55 Mileage-Office Supplies 7.89 Total for Check/Tran - 23315:39.44 DD233162/26/26 JT SERVICES OF MINNESOTA8083 Wipes 1,757.06 /pro/rpttemplate/acct/2.64.1/ap/AP_CHK_REGISTER.xml.rpt2520334 Page 1203/02/2026 3:47:18 PM Rev: 202303050106 Accounts Payable Check Register Elk River Municipal Utilities 02/01/2026 To 02/28/2026 Bank Account: 5 - GENERAL FUND WITHDRAWALS Check / Tran Date Pmt Type AmountVendor NameVendor Reference DD233172/26/26 MMUA39 LEGIS CONF - 186 189 672.00 LEGIS CONF - 186 189 168.00 Total for Check/Tran - 23317:840.00 DD233182/26/26 NCPERS MINNESOTA573 EXTRA LIFE INSURANCE - MARCH 2027 323.20 EXTRA LIFE INSURANCE - MARCH 2027 44.80 Total for Check/Tran - 23318:368.00 DD233192/26/26 CHRIS SUMSTAD395 EMERG PREPAREDNESS MEAL - 9 8.48 CHK904452/12/26 AT & T MOBILITY4531 CELL PHONES & iPAD BILLING 41.07 CELL PHONES & iPAD BILLING 2,551.10 CELL PHONES & iPAD BILLING 17.60 CELL PHONES & iPAD BILLING 688.53 Total for Check/Tran - 90445:3,298.30 CHK904462/12/26 AX3 LLC DBA: DOLPHIN CAR WASH9997 INACTIVE REFUND 3,006.47 CHK904472/12/26 BLUE CROSS BLUE SHIELD OF MINNES5224 VISION INSURANCE - MARCH 2026 317.62 VISION INSURANCE - MARCH 2026 84.33 Total for Check/Tran - 90447:401.95 CHK904482/12/26 BROGAV SOLUTIONS LLC9997 Credit Balance Refund 344.78 CHK904492/12/26 CAPSTONE HOMES9997 Credit Balance Refund 128.86 CHK904502/12/26 CAPSTONE HOMES9997 Credit Balance Refund 109.24 CHK904512/12/26 CAPSTONE HOMES9997 Credit Balance Refund 128.56 CHK904522/12/26 CAPSTONE HOMES9999 MR Refund 34,710.00 CHK904532/12/26 CURTIS HOLDINGS, LLC9997 Credit Balance Refund 164.49 CHK904542/12/26 ELK RIVER CUB FOODS9192 SAFETY MEETING SNACKS 30.91 SAFETY MEETING SNACKS 7.73 Total for Check/Tran - 90454:38.64 /pro/rpttemplate/acct/2.64.1/ap/AP_CHK_REGISTER.xml.rpt2520335 Page 1303/02/2026 3:47:18 PM Rev: 202303050106 Accounts Payable Check Register Elk River Municipal Utilities 02/01/2026 To 02/28/2026 Bank Account: 5 - GENERAL FUND WITHDRAWALS Check / Tran Date Pmt Type AmountVendor NameVendor Reference CHK904552/12/26 FAIRVIEW HEALTH SERVICES8709 RANDOM DOT SCREENING - 136 171 177 160.00 RANDOM DOT SCREENING - 136 171 177 115.00 Total for Check/Tran - 90455:275.00 CHK904562/12/26 FERGUSON WATERWORKS #25168247 ACADEMY TRAINING - 157 162 174 191 200.00 CHK904572/12/26 KEITH GRAFF9997 INACTIVE REFUND 170.21 CHK904582/12/26 GREATAMERICA FINANCIAL SERVICES730LEASE FOR COPIER AT PLANT 105.01 LEASE FOR COPIER AT PLANT 26.26 Total for Check/Tran - 90458:131.27 CHK904592/12/26 TODD HAATAJA9997 INACTIVE REFUND 290.45 CHK904602/12/26 ROCHELLE HASS9997 INACTIVE REFUND 131.04 CHK904612/12/26 JOHN HAYEN9997 INACTIVE REFUND 96.50 CHK904622/12/26 HEALTHPARTNERS631 DENTAL EE INSURANCE - MARCH 2026 1,063.62 DENTAL ER INSURANCE - MARCH 2026 2,874.69 DENTAL EE INSURANCE - MARCH 2026 182.09 DENTAL ER INSURANCE - MARCH 2026 862.45 Total for Check/Tran - 90462:4,982.85 CHK904632/12/26 IDEAL SERVICE, INC.9301 REPAIRS - WELL #3 652.50 REPAIRS - WELL #4 650.00 Keypads 860.54 Total for Check/Tran - 90463:2,163.04 CHK904642/12/26 KEITH JOHNSON9997 INACTIVE REFUND 75.99 CHK904652/12/26 JACON KNUTSON9997 INACTIVE REFUND 83.02 CHK904662/12/26 KRUGER CONSTRUCTION9997 INACTIVE REFUND 321.90 CHK904672/12/26 SCOTT LAPLANTE9997 INACTIVE REFUND 364.62 CHK904682/12/26 LEWIS CUSTOM HOMES, INC9997 Credit Balance Refund 143.42 /pro/rpttemplate/acct/2.64.1/ap/AP_CHK_REGISTER.xml.rpt2520336 Page 1403/02/2026 3:47:18 PM Rev: 202303050106 Accounts Payable Check Register Elk River Municipal Utilities 02/01/2026 To 02/28/2026 Bank Account: 5 - GENERAL FUND WITHDRAWALS Check / Tran Date Pmt Type AmountVendor NameVendor Reference CHK904692/12/26 RACHEL LIND9997 Credit Balance Refund 156.38 CHK904702/12/26 MARCO TECHNOLOGIES, LLC8605 PRINTER MTC CONTRACT - 12/24 to 1/23/26 1,314.11 PRINTER MTC CONTRACT - 12/24 to 1/23/26 305.33 Total for Check/Tran - 90470:1,619.44 CHK904712/12/26 MARTIN MARIETTA MATERIALS797 HEATED SAND 104.53 CHK904722/12/26 MCIMETRO ACCESS TRANSMISSION SV903MR Refund WO 25-69PO 8500833815 3,850.00 CHK904732/12/26 MENARDS145 MISC PARTS & SUPPLIES -0.51 MISC PARTS & SUPPLIES 7.02 TORCH & BUTANE 5.46 MUTUAL AID SUPPLIES 34.29 MISC PARTS & SUPPLIES 37.40 REBATE -3.13 REBATE -2.48 Total for Check/Tran - 90473:78.05 CHK904742/12/26 MIDWEST OVERHEAD CRANE245 BRIDGE CRANE SERVICE 855.92 CHK904752/12/26 MICHAELA MILLER9997 INACTIVE REFUND 83.89 CHK904762/12/26 MINNESOTA COMPUTER SYSTEMS INC119 COPIER MTC CONTRACT - 1/12 to 2/11/26 106.77 COPIER MTC CONTRACT - 1/12 to 2/11/26 26.69 Total for Check/Tran - 90476:133.46 CHK904772/12/26 MINNESOTA DNR - OMB252 WATER USE PERMIT 140.00 CHK904782/12/26 MINNESOTA DNR - OMB252 2025 WATER USAGE 21,893.48 CHK904792/12/26 MUTUAL OF OMAHA633 ELEC LIFE INSURANCE - FEB 2026 259.69 LIFE & STD INSURANCE - FEB 2026 1,782.70 ELEC LIFE INSURANCE - FEB 2026 211.76 LIFE & STD INSURANCE - FEB 2026 453.19 Total for Check/Tran - 90479:2,707.34 /pro/rpttemplate/acct/2.64.1/ap/AP_CHK_REGISTER.xml.rpt2520337 Page 1503/02/2026 3:47:18 PM Rev: 202303050106 Accounts Payable Check Register Elk River Municipal Utilities 02/01/2026 To 02/28/2026 Bank Account: 5 - GENERAL FUND WITHDRAWALS Check / Tran Date Pmt Type AmountVendor NameVendor Reference CHK904802/12/26 NAPA AUTO PARTS120 BATTERY CLEANER 10.57 PARTS FOR UNIT #19 - BATTERY 173.51 PARTS FOR UNIT #30 52 65.26 PARTS FOR UNIT #43 38.52 PEN 2.47 OIL FILTER - UNIT #34 15.36 Total for Check/Tran - 90480:305.69 CHK904812/12/26 NATURAL SYSTEMS UTILITIES IMMN9997 Credit Balance Refund 193.12 CHK904822/12/26 O'REILLY AUTOMOTIVE STORES, INC3769 JACK OIL 8.62 CHK904832/12/26 PRIME ADVERTISING & DESIGN, INC.811 Marketing 1,500.00 CHK904842/12/26 QUADIENT FINANCE USA, INC8606 POSTAGE 800.00 POSTAGE 200.00 Total for Check/Tran - 90484:1,000.00 CHK904852/12/26 RDO EQUIPMENT CO.3218 PARTS FOR UNIT #54 -16.05 PARTS FOR UNIT #54 204.45 Total for Check/Tran - 90485:188.40 CHK904862/12/26 REPUBLIC SERVICES, INC574 TRASH & RECYCLING SERVICE - JAN 2026 1,711.20 TRASH & RECYCLING SERVICE - JAN 2026 244.46 TRASH & RECYCLING SERVICE - JAN 2026 481.63 TRASH & RECYCLING SERVICE - JAN 2026 87.50 TRASH & RECYCLING SERVICE - JAN 2026 12.43 Total for Check/Tran - 90486:2,537.22 CHK904872/12/26 STUART C. IRBY CO.6107 Mtce of OH Primary 117.13 CHK904882/12/26 THE SHERWIN-WILLIAMS CO.2560 Water Chemicals 94.80 PAINT 142.20 Total for Check/Tran - 90488:237.00 CHK904892/12/26 MARK TODD9997 INACTIVE REFUND 527.34 /pro/rpttemplate/acct/2.64.1/ap/AP_CHK_REGISTER.xml.rpt2520338 Page 1603/02/2026 3:47:18 PM Rev: 202303050106 Accounts Payable Check Register Elk River Municipal Utilities 02/01/2026 To 02/28/2026 Bank Account: 5 - GENERAL FUND WITHDRAWALS Check / Tran Date Pmt Type AmountVendor NameVendor Reference CHK904902/12/26 UC LABORATORY222 SAMPLIN - PHOSPHORUS 17.66 CHK904912/12/26 WESCO RECEIVABLES CORP.55 Mtce of OH Primary 247.60 CHK904922/12/26 WORTH CUSTOM HOMES9997 INACTIVE REFUND 150.00 CHK904932/19/26 1ST AYD CORPORATION328 POP-UP WIPES 826.76 POP-UP WIPES 206.69 Total for Check/Tran - 90493:1,033.45 CHK904942/19/26 BENEFIT EXTRAS, INC662 COBRA ADMINISTRATION - JAN 2026 15.00 CHK904952/19/26 CENTERPOINT ENERGY3982 NATURAL GAS & IRON REMOVAL 5,346.23 NATURAL GAS & IRON REMOVAL 1,146.65 Total for Check/Tran - 90495:6,492.88 CHK904962/19/26 CONNEXUS ENERGY76 LOR - AREA 1 YR 10 493,546.19 LOR - AREA 2 YR 9 169,130.89 LOR - AREA 3&4 YR 8 127,708.98 LOR - AREA 5&6 YR 7 115,269.11 LOR - AREA 7&8 YR 6 35,666.27 Total for Check/Tran - 90496:941,321.44 CHK904972/19/26 DAVID DOEBLER9997 INACTIVE REFUND 544.95 CHK904982/19/26 ELK RIVER WINLECTRIC122 MISC PARTS & SUPPLIES -96.17 MISC PARTS & SUPPLIES 1,317.26 WIRE 58,943.78 WIRE -4,302.96 CONNECTOR 10.78 MISC PARTS & SUPPLIES 71.61 PVC END 44.40 SWITCH 2.30 BOX PAD 9,803.06 MISC PARTS & SUPPLIES -2.01 /pro/rpttemplate/acct/2.64.1/ap/AP_CHK_REGISTER.xml.rpt2520339 Page 1703/02/2026 3:47:18 PM Rev: 202303050106 Accounts Payable Check Register Elk River Municipal Utilities 02/01/2026 To 02/28/2026 Bank Account: 5 - GENERAL FUND WITHDRAWALS Check / Tran Date Pmt Type AmountVendor NameVendor Reference MISC PARTS & SUPPLIES 27.43 Total for Check/Tran - 90498:65,819.48 CHK904992/19/26 CARRIE HUND9997 INACTIVE REFUND 292.58 CHK905002/19/26 NICHOLAS LINDBERG9997 INACTIVE REFUND 377.88 CHK905012/19/26 MENARDS145 MISC PARTS & SUPPLIES 21.93 MISC PARTS & SUPPLIES 14.65 HAND RIVETER 39.40 Total for Check/Tran - 90501:75.98 CHK905022/19/26 MIDWEST OVERHEAD CRANE245 CRANE INSPECTIONS 1,025.83 CRANE INSPECTIONS 297.81 Total for Check/Tran - 90502:1,323.64 CHK905032/19/26 NATIONAL ENERGY FOUNDATION705 2026 ENERGY EDUCTION KITS 9,442.00 CHK905042/19/26 MASSAH PARLEH9997 INACTIVE REFUND 199.39 CHK905052/19/26 JOSIE REED9997 INACTIVE REFUND 245.50 CHK905062/19/26 KATHY SERAMUR9997 INACTIVE REFUND 61.38 CHK905072/19/26 STUART C. IRBY CO.6107 Wire Tags 647.25 Mtce of URD Primary 1,895.00 Total for Check/Tran - 90507:2,542.25 CHK905082/19/26 SUMMIT AR822 COMMISSIONS DUE COLLECTION AGENCY 32.40 CHK905092/19/26 TRANSUNION331 SKIP TRACING - JAN 2026 80.00 SKIP TRACING - JAN 2026 20.00 Total for Check/Tran - 90509:100.00 CHK905102/19/26 VIKING ELECTRIC375 LIMIT SWITCH 220.07 CHK905112/19/26 WALMAN OPTICAL429 SAFETY GLASSES - 106 -28.14 SAFETY GLASSES - 106 389.14 /pro/rpttemplate/acct/2.64.1/ap/AP_CHK_REGISTER.xml.rpt2520340 Page 1803/02/2026 3:47:18 PM Rev: 202303050106 Accounts Payable Check Register Elk River Municipal Utilities 02/01/2026 To 02/28/2026 Bank Account: 5 - GENERAL FUND WITHDRAWALS Check / Tran Date Pmt Type AmountVendor NameVendor Reference SAFETY GLASSES - 106 -1.47 SAFETY GLASSES - 106 20.47 Total for Check/Tran - 90511:380.00 CHK905122/26/26 1ST AYD CORPORATION328 First Aid Kits 1,112.55 First Aid Kits 157.14 Total for Check/Tran - 90512:1,269.69 CHK905132/26/26 ACE HARDWARE766 TANK TOP HEATER 59.05 CHK905142/26/26 APEX EMBROIDERY DESIGN INC9997 INACTIVE REFUND 1,203.70 CHK905152/26/26 BRAUN INTERTEC CORPORATION9266 East Sub 1,497.65 CHK905162/26/26 BROTHERS FIRE & SECURITY8215 ANNUAL MONITOR-WELL #7 2/1 to 1/31/27 593.31 CHK905172/26/26 CENTERPOINT ENERGY3982 NATURAL GAS & IRON REMOVAL - JAN 2026 6,647.09 NATURAL GAS & IRON REMOVAL - JAN 2026 1,412.32 Total for Check/Tran - 90517:8,059.41 CHK905182/26/26 CHARTER COMMUNICATIONS549 OFFICE TELEPHONE & CABLE 217.21 OFFICE TELEPHONE & CABLE 54.30 Total for Check/Tran - 90518:271.51 CHK905192/26/26 GREG CHRISTENSEN9997 INACTIVE REFUND 29.86 CHK905202/26/26 ELK RIVER CUB FOODS9192 COOKIES FOR MEETINGS 22.38 COOKIES FOR MEETINGS 5.60 Total for Check/Tran - 90520:27.98 CHK905212/26/26 ELK RIVER HEATING & AIR CONDITION4252REPLACE AIR EXCHANGE UNIT - WELL #6 3,500.00 CHK905222/26/26 ESTATE OF SARA KOLLODGE9997 INACTIVE REFUND 83.45 CHK905232/26/26 GATHERWELL9997 INACTIVE REFUND 177.20 CHK905242/26/26 DOUG GILL9997 INACTIVE REFUND 62.19 /pro/rpttemplate/acct/2.64.1/ap/AP_CHK_REGISTER.xml.rpt2520341 Page 1903/02/2026 3:47:18 PM Rev: 202303050106 Accounts Payable Check Register Elk River Municipal Utilities 02/01/2026 To 02/28/2026 Bank Account: 5 - GENERAL FUND WITHDRAWALS Check / Tran Date Pmt Type AmountVendor NameVendor Reference CHK905252/26/26 HOME DEPOT CREDIT SERVICES824 HOME DEPOT 218.79 HOME DEPOT 90.57 Total for Check/Tran - 90525:309.36 CHK905262/26/26 LEAGUE OF MN CITIES INS TRUST48 LIABILITY INSURANCE - 7/25 to 7/26 FINAL 18,100.35 LIABILITY INSURANCE - 7/25 to 7/26 FINAL 6,991.65 Total for Check/Tran - 90526:25,092.00 CHK905272/26/26 LENNAR HOMES9997 Credit Balance Refund 120.99 CHK905282/26/26 LENNAR HOMES9997 Credit Balance Refund 149.88 CHK905292/26/26 LENNAR HOMES9997 Credit Balance Refund 202.36 CHK905302/26/26 LENNAR HOMES9997 Credit Balance Refund 250.00 CHK905312/26/26 LENNAR HOMES9997 Credit Balance Refund 122.17 CHK905322/26/26 LENNAR HOMES9997 Credit Balance Refund 188.95 CHK905332/26/26 LENNAR HOMES9997 Credit Balance Refund 149.22 CHK905342/26/26 LGI HOMES, MN9997 Credit Balance Refund 190.40 CHK905352/26/26 MARCO TECHNOLOGIES, LLC8605 PRINTER MTC CONTRACT - 2/1 to 3/1/26 196.66 PRINTER MTC CONTRACT - 2/1 to 3/1/26 49.16 OFFICE 365 - 1/25 TO 2/24/26 1,314.10 OFFICE 365 - 1/25 TO 2/24/26 305.33 ACE PROGRAM - 1/29 to 2/27/26 1,531.39 ACE PROGRAM - 1/29 to 2/27/26 382.85 Total for Check/Tran - 90535:3,779.49 CHK905362/26/26 MENARDS145 SHOP SUPPLIES 28.81 MISC PARTS & SUPPLIES -22.08 MISC PARTS & SUPPLIES -13.62 MISC PARTS & SUPPLIES 54.01 Total for Check/Tran - 90536:47.12 /pro/rpttemplate/acct/2.64.1/ap/AP_CHK_REGISTER.xml.rpt2520342 Page 2003/02/2026 3:47:18 PM Rev: 202303050106 Accounts Payable Check Register Elk River Municipal Utilities 02/01/2026 To 02/28/2026 Bank Account: 5 - GENERAL FUND WITHDRAWALS Check / Tran Date Pmt Type AmountVendor NameVendor Reference CHK905372/26/26 DMITRIY MILLER9997 INACTIVE REFUND 123.53 CHK905382/26/26 MINNESOTA DEPT OF PUBLIC SAFETY202 HAZARDOUS MATERIAL FEE - WELL #2 100.00 HAZARDOUS MATERIAL FEE - WELL #5 100.00 HAZARDOUS MATERIAL FEE - WELL #6 100.00 HAZARDOUS MATERIAL FEE - WELL #7 100.00 HAZARDOUS MATERIAL FEE - WELL #3 100.00 HAZARDOUS MATERIAL FEE - WELL #4 100.00 HAZARDOUS MATERIAL FEE - WELL #9 100.00 HAZARDOUS MATERIAL FEE - 1705 MAIN 25.00 Total for Check/Tran - 90538:725.00 CHK905392/26/26 MUTUAL OF OMAHA633 ELEC LIFE INSURANCE - MARCH 2026 270.37 LIFE & LTD INSURANCE - MARCH 2026 1,771.77 ELEC LIFE INSURANCE - MARCH 2026 215.18 LIFE & LTD INSURANCE - MARCH 2026 450.77 Total for Check/Tran - 90539:2,708.09 CHK905402/26/26 JANA OLSON9997 INACTIVE REFUND 41.03 CHK905412/26/26 LINDA PATTERSON9997 INACTIVE REFUND 253.05 CHK905422/26/26 SETH ROSENBERG9997 INACTIVE REFUND 281.65 CHK905432/26/26 MELISSA SMITH9997 INACTIVE REFUND 378.37 CHK905442/26/26 STUART C. IRBY CO.6107 WIRE 1,187.70 WIRE 252.26 Fuse Holder 6,750.00 Total for Check/Tran - 90544:8,189.96 CHK905452/26/26 UNITED HEALTHCARE SERVICES, INC.5744 CIP - LIGHTING RETROFIT 22,209.15 CHK905462/26/26 UNITED HEALTHCARE SERVICES, INC.5744 CIP - UPS REBATE 18,744.46 CHK905472/26/26 VIKING ELECTRIC375 CLAMP -2.62 /pro/rpttemplate/acct/2.64.1/ap/AP_CHK_REGISTER.xml.rpt2520343 Page 2103/02/2026 3:47:18 PM Rev: 202303050106 Accounts Payable Check Register Elk River Municipal Utilities 02/01/2026 To 02/28/2026 Bank Account: 5 - GENERAL FUND WITHDRAWALS Check / Tran Date Pmt Type AmountVendor NameVendor Reference CLAMP 35.82 Total for Check/Tran - 90547:33.20 CHK905482/26/26 WESCO RECEIVABLES CORP.55 SPLICE 408.78 Total for Bank Account - 5 :(178)4,969,713.73 Grand Total :4,979,641.05(179) /pro/rpttemplate/acct/2.64.1/ap/AP_CHK_REGISTER.xml.rpt2520344 Page 2203/02/2026 3:47:18 PM Rev: 202303050106 Accounts Payable Check Register Elk River Municipal Utilities PARAMETERS ENTERED: Check Date:02/01/2026 To 02/28/2026 Bank:All Vendor:All Check: Journal:All Format:All GL References/Amounts Extended Reference:No Check/TransactionSort By: Voids:None AllPayment Type: NoGroup By Payment Type: Minimum Amount:0.00 Authorization Listing:No Credit Card Charges:No /pro/rpttemplate/acct/2.64.1/ap/AP_CHK_REGISTER.xml.rpt2520345 Elk River Municipal Utilities Commission Meeting Minutes February 10, 2026 Page 1 ELK RIVER MUNICIPAL UTILITIES REGULAR MEETING OF THE UTILITIES COMMISSION HELD AT UTILITIES CONFERENCE ROOM February 10, 2026 Members Present: Chair John Dietz, Vice Chair Mary Stewart, Commissioner Matt Westgaard Remote Members: Commissioner Nick Zerwas participated in the meeting via interactive television as he was out of state at the time of the meeting. Members Absent Commissioner Jill Larson-Vito ERMU Staff Present: Mark Hanson, General Manager Sara Youngs, Administrations Director Tony Mauren, Governance & Communications Manager Tom Geiser, Operations Director Chris Sumstad, Electric Superintendent Mike Tietz, Technical Services Superintendent David Ninow, Water Superintendent Jenny Foss, Communications & Administrative Coordinator Dan Plude, Inventory & Procurement Foreperson Others Present: Jared Shepherd, Attorney; Cal Portner, City Administrator 1.0 GOVERNANCE 1.1 Call Meeting to Order The regular meeting of the Utilities Commission was called to order at 3:30 p.m. by Chair Dietz. 1.2 Pledge of Allegiance The Pledge of Allegiance was recited. 1.3 Consider the Agenda Moved by Commissioner Westgaard and seconded by Commissioner Stewart to approve the February 10, 2026, agenda. Motion carried 4-0 in a roll call vote. 1.4 Recognition of Employee Longevity - Dan Plude, 8 years Mr. Sumstad presented Inventory & Procurement Foreperson Dan Plude to the Commission commending him for his significant contributions which extend beyond his defined role and support both the electric and water departments. Mr. Sumstad explained that Mr. Plude’s background as an electrician proved invaluable during the construction of the field services building, where he managed both utility and building material inventory. Mr. Plude was also praised for his adept management of supply chain challenges during the COVID-19 pandemic, successfully navigating lead time issues to ensure a steady supply of necessary materials. 46 Elk River Municipal Utilities Commission Meeting Minutes February 10, 2026 Page 2 Mr. Plude expressed his gratitude for the opportunity to work at Elk River Municipal Utilities and highlighted the positive collaboration he experiences with his team and with county personnel. 2.0 CONSENT AGENDA (Approved By One Motion) Moved by Commissioner Stewart and seconded by Commissioner Westgaard to approve the following Consent Agenda: 2.1 Check Register – January 2026 2.2 Regular Meeting Minutes – January 13, 2026 2.3 2025 Annual Safety Report 2.4 Update Cogeneration and Small Power Production Tariff – Schedule 1, 2, and 3 2.5 2025 Fourth Quarter Delinquent Items Motion carried 4-0 in a roll call vote. 3.0 OPEN FORUM No one appeared for open forum. 4.0 POLICY & COMPLIANCE 4.1 Commission Policy Review – G.4g – Organization, Staffing, and Compensation It was noted that this was a break in the sequential order of the monthly policy manual review as the Employee Handbook is scheduled for update at the June meeting, and a review of the Controlled Substances policy will be brought back to a future meeting with new language provided by legal counsel to reflect changes in state law. The Commission reviewed the policy concerning the general manager's responsibilities for organization structure, staffing, and compensation. Staff did not recommend any changes to the current policy. The Commission had no comments or objections, and no action was taken. 4.2 ERMU Commission Compensation and Stipends Mr. Hanson presented a review of commissioner compensation, comparing ERMU’s current structure to that of 14 other utilities. Currently ERMU commissioners receive $150 per month and a $75 per day stipend when they participate in additional qualifying activities like conferences or community events. 47 Elk River Municipal Utilities Commission Meeting Minutes February 10, 2026 Page 3 Mr. Hanson presented his attachment which showed the various compensation packages, showing a pay range from $0 per month up to $600 per month, with an overall average monthly pay of $271 dollars. He added that all comparison utilities reimburse or cover costs for travel and training. He explained that all compared utilities were all municipals with a good blend of size and structure. Commissioners expressed that while compensation is not the motivation for their service, an adjustment is warranted to keep pace with peer utilities as they have done with staff compensation, Payment in Lieu of Taxes to the City, and customer rates. Commissioner Stewart noted from the memo it had been over 10 years since the compensation and stipends have been reviewed, having last been formally discussed in November 2015. The Commission agreed that any change should be based on a clear rationale, similar to the data-driven approach used for staff compensation studies. It was confirmed by Mr. Shepherd that currently any recommended change to commissioner compensation must be approved by the City Council, but there should be a future review of whether that process should be adapted. Mr. Hanson stated he would prepare multiple compensation package options for the Commission to review at the March meeting based on the 14 responses received. These options will consider how to calculate and set the monthly base pay as well as the additional activity daily stipends. 5.0 BUSINESS ACTION 5.1 Financial Report – December 2025 Mr. Hanson presented the unaudited financial reports for December 2025 YTD, he noted additionally there is still some data that has yet to be submitted to the finance department. He explained that ERMU finished the year with a strong combined margin of 7.8%, totaling $4.1 million. The electric department contributed 92% of the margin, with the water department contributing 8%. Customer accounts remain in good standing, with 86% of all receivables current. Only 4% of accounts are over 90 days past due. Ms. Youngs explained that franchise fees can see a rise in delinquency during winter months, as energy assistance programs do not cover this fee. Purchased power costs constituted 68% of total expenses for 2025, representing a nearly $2 million increase from 2024. 48 Elk River Municipal Utilities Commission Meeting Minutes February 10, 2026 Page 4 Electric usage was approximately 4% higher in January 2026 compared to January 2025. Water sales tracked closely with prior years, showing typical increases during summer months. Moved by Commissioner Stewart and seconded by Commissioner Westgaard to receive the December 2025 Financial Report. Motion carried 4-0 in a roll call vote. 5.2 Minnesota Municipal Power Agency Solar Site Interconnection Agreement Mr. Hanson presented his memo on the interconnection agreement with the Minnesota Municipal Power Agency (MMPA) for a new 3.5-megawatt solar site. The solar site is just outside the service territory to the west and will connect to an ERMU substation via a dedicated feeder line. ERMU will act as a contractor to install the line, with all costs reimbursed by MMPA. Upon completion, MMPA will own and operate the solar site, the line, and the substation interconnection. ERMU will retain the right to disconnect the site if necessary to protect its own electrical system. There was discussion about the land MMPA owns in northern Elk River which is being reserved for future development, including a new renewable gas plant injection site. Moved by Commissioner Westgaard and seconded by Commissioner Stewart to approve Minnesota Municipal Power Agency Solar Site Interconnection Agreement pending final legal review, as well as provision of authorization to the general manager and ERMU’s attorney to approve any subsequent, immaterial changes. Motion carried 4-0 in a roll call vote. 5.3 Strategic Plan and 2025 Annual Business Plan Results Mr. Hanson presented his memo and asked individual managers to speak to their item listed on the attachment labelled Strategic Plan and 2025 Annual Business plan Results. Following presentation on the Disaster Recovery Plan initiative, Commissioner Westgaard commended staff on the work which does not always yield results that are immediately appreciated, but the community would expect ERMU to have. Mr. Geiser explained that the work to update the existing plan will benefit younger staff who will become organizational leaders. Chair Dietz asked if the plan was created in conjunction with City. Staff explained that there had been joint exercises. Mr. Hanson added his appreciation for the Commission supporting ERMU participating in mutual aid efforts, as it offers valuable training to staff and helps ERMU build for the future. In the Advanced Metering Infrastructure (AMI) Project discussion, Mr. Tietz explained that supply chain issues limited ERMU’s ability to complete commercial electric meter exchanges in 2025. Ms. Youngs provided examples of how staff uses data to serve customers and help them understand their usage. Ms. Youngs encouraged commissioners 49 Elk River Municipal Utilities Commission Meeting Minutes February 10, 2026 Page 5 to sign up for SmartHub so they can provide feedback to staff as they work to improve the user experience. In response to a question, Ms. Youngs stated that 71% of customers have a SmartHub account. During the Planning for Future Wells, Treatment and Storage topic, Mr. Ninow noted the significant milestone in receiving approval from the DNR to drill up to three new wells, as ERMU sources its water from the Mt. Simon-Hinckley Aquifer, the access to which is highly regulated. Mr. Ninow added that part of the approval for the new wells was the consideration that it would be prohibitively expensive for ERMU to begin to treat and distribute surface water from the Mississippi River. Mr. Hanson explained the considerations for future well sites, which ERMU is exploring with the help of a consultant. In response to a question, staff explained that while permission from the DNR to develop new wells doesn’t necessarily expire there is an expectation that projects will proceed in a timely manner. During discussion of the Management Policy Manual project staff described the process for appropriately delegating policies to the Commission and management respectively. Staff explained that management delegated policies had been reviewed by legal staff both in the separation of policies occurring in 2017 and during the review which had occurred over the past three years. Commissioner Westgaard asked how data retention practices are applied to the information collected by the AMI system. Staff stated that ERMU data systems are established with specific retention schedules in place. Mr. Shepherd and staff stated they would confirm the retention practices and report back to the Commission. The Commission shared their appreciation for the presentation, stating they felt the summary provided the information they needed to assess the organization’s performance in strategic initiatives. 6.0 BUSINESS DISCUSSION 6.1 Staff Updates Mr. Geiser shared that ERMU had received its anticipated Bucket Truck #5. Staff will be sending the replaced vehicle to auction. Mr. Portner reminded commissioners that RSVPs for the city-held commissioner appreciation event, occurring on March 5, are due by February 11. 6.2 City Council Update Chair Dietz provided a city council update. 50 Elk River Municipal Utilities Commission Meeting Minutes February 10, 2026 Page 6 6.3 Future Planning Chair Dietz announced the following: a. Regular Commission Meeting – March 10, 2026 b. 2026 Governance Agenda 6.5 Other Business There was no other business 7.0 ADJOURN REGULAR MEETING Moved by Commissioner Westgaard and seconded by Commissioner Stewart to adjourn the regular meeting of the Elk River Municipal Utilities Commission at 4:46 p.m. Motion carried 4-0 in a roll call vote. Minutes prepared by Tony Mauren. ___________________________________ John J. Dietz, ERMU Commission Chair ___________________________________ Jolene Richer, Deputy City Clerk 51 ______________________________________________________________________________ Page 1 of 2 UTILITIES COMMISSION MEETING TO: ERMU Commission FROM: Tony Mauren – Governance & Communications Manager MEETING DATE: March 10, 2026 AGENDA ITEM NUMBER: 4.1 SUBJECT: Annual Commissioner Orientation ACTION REQUESTED: None BACKGROUND: Commission Policy G.2d – Commission Member Role, Responsibilities, and Orientation describes the role and responsibilities of commissioners operating as a governing body in accordance with applicable law. The Commission also establishes its expectations for the orientation of new commission members. As stated in the policy, “The ERMU Commission is committed to excellent governance. This requires that individual Commissioners be well-informed about ERMU, its customers and stakeholders, the utility business, prudent financial management, and the Commission’s own governance structure and processes.” Consistent with this commitment and commission policies, an annual orientation program for new and existing commission members was implemented in 2018. This year’s orientation will offer a presentation from Frontier Energy with updates on ERMU’s Conservation Improvement Program. Attached is a review and summary of the Commission Policy Manual and Reference Guide updates from the previous 12 months. Please note that these updates are published as they are approved throughout the year. COMMISSIONER POLICY AND REFERENCE GUIDE UPDATES: 1. Updated Commission Policies • G.4a – Succession of Leadership • G.4b – Information and Support to the Commission • G.4g1 – Performance Metrics and Incentive Compensation • G.4c – Strategic and Business Planning • G.4f1 – Employee Handbook • G.4e – Core Customer Services • G.4j – Cost Allocation and Recovery 52 ______________________________________________________________________________ Page 2 of 2 • G.4e1 – Customer Accounts • G.5a – Margins • G.2a1 – Payment in Lieu of Taxes and Other Donations to the City of Elk River • G.4e3 – Water Services 2. Updates to Commission Reference Guide • 2026 Governance Agenda • 2026 ERMU Organizational Chart • 2026 ERMU Staff Roster - On file with the Governance Manager • 2026 Utilities Commission Member Listing • 2026 Utilities Commission Meeting Schedule • 2026 Upcoming Events • 2026 Travel Expense Guidelines for Commissioners ATTACHMENTS: • Summary Commission Policy and Reference Guide Updates from the previous 12 months • Updated Reference Guide items listed above 53 SUMMARY COMMISSION POLICY AND REFERENCE GUIDE UPDATES FROM THE PREVIOUS 12 MONTHS POLICY G.4a – Succession of Leadership – April 8, 2025 – Commission approved updated language establishing that the interim acting general manager job description would effectively be the current general manager's job description until a special meeting is convened to establish the role description. The memo also established the operations director as the primary successor and the administrations director as the secondary successor. G.4b – Information and Support to the Commission – May 13, 2025 – Commission approved a rewording of the sentence “The General Manager shall not permit the Commission to be uninformed or unsupported in its work” to “The General Manager shall ensure that the Commission is informed and supported in its work.” G.4g1 – Performance Metrics and Incentive Compensation – May 13, 2025 – In the Consent Agenda, the Commission approved updated language to establish a time window for distribution of the compensation, per legal counsel’s recommendation. G.4c – Strategic and Business Planning – June 3, 2025 – Commission approved updated language that reduced the Strategic Planning time period from “not less than five years” to “not less than three years” as staff felt it more closely followed past and current practice while also allowing for greater responsiveness in a rapidly changing industry. There were also wording edits to the Note section to reduce redundancy. G.4f1 – Employee Handbook – June 3, 2025 – Commission adopted the following changes: • Updated the revision date on the cover page and in the footer. • Revised the Table of Contents and corresponding page numbers. • Section 14 – Exposure to Hazardous Substances – Corrected the misuse of “insure” to “ensure.” • Section 21 – Job Posting – Added statutory language from Minn. Stat. § 181.173 requiring salary ranges in job postings. • Section 32 – Storm Pay – Added a provision establishing a 16-hour daily minimum pay for employees dispatched out of state to assist with storm restoration. • Section 34 – Longevity Pay – Removed the program’s start date (2022). • Section 35 – Paycheck Deductions – Removed World Vision and United Way. • Section 41 – Purchased Vacation Time (PVT) – Removed, effective January 1, 2025; all subsequent sections have been renumbered accordingly. • Section 42 – Paid Sick and Safe Leave – Expanded to allow the use of accrued leave for funeral arrangements, attending services or memorials, and handling financial or legal matters following a family member’s death. • Section 45 – Health Care Savings Plan – Removed reference to four (4) specific pay groups. • Section 47 – Health Insurance Coverage – Updated to reflect cost increases. 54 • Section 56 – Parenting Leave – Revised to prohibit the reduction of leave taken for prenatal care or medical appointments. • Section 63 – Bereavement Leave – Expanded to include grandparent-in-law. G.4e – Core Customer Services – September 9, 2025 – Commission approved gender-neutral language updates. G.4j – Cost Allocation and Recovery – September 9, 2025 – Commission approved language that calls for a cost-of-service study every five years instead of every ten, per American Public Power Association’s best industry practices. G.4e1 – Customer Accounts – October 14, 2025 – Commission approved a typo correction, adding specificity to a procedure, and rewording language around the Cold Weather Rule to avoid the need for future updates. G.5a – Margins – November 12, 2025 – Commission approved language updates that establish a cap on margins rather than a range; 10% of total revenue for electric, and 15% of total revenue for water. G.2a1 – Payment in Lieu of Taxes and Other Donations to the City of Elk River – November 12, 2025 – Commission approved: • An increase in the revenue transfer to the City from 4.0% to 5.0% of the revenue generated by ERMU’s electric customers within the corporate boundaries of the City of Elk River. • A revenue transfer exemption for catastrophic events. • A revenue transfer of 2% of the revenue generated by ERMU’s water customers. • To continue donating water for firefighting, street sweeping, and public ice rinks. • To begin charging the City of Elk River for all electricity for streetlights and signal lights. • To begin charging the City for labor costs associated with specific tasks when requested. G.4e3 – Water Services – December 9, 2025 – Commission approved more general language that also directs readers to the City's engineering design standards for specific details. REFERENCE GUIDE 2026 Governance Agenda – The Review and Update of the Strategic Plan agenda item was moved from August to October to allow for a more comprehensive review of progress later in the calendar year without overloading the November and December meetings. 2026 Organizational Chart 2026 ERMU Staff Roster – On file with the governance & communications manager. 2026 Utilities Commission Member Listing – In June 2025, Jill Larson-Vito filled the vacancy created by Paul Bell’s departure. 2026 Utilities Commission Meeting Schedule – In 2026, all Commission meetings will take place at 3:30 p.m. on the second Tuesday of each month in the Utilities Conference Room. 55 2026 Upcoming Events – The Sherburne County Parade is scheduled for Saturday, July 18; The Minnesota Municipal Power Agency Annual Meeting will likely occur on Tuesday, July 21 with a location to be determined; The Minnesota Municipal Utilities Association’s Summer Conference is scheduled for Monday, August 17 to Wednesday, August 19 in St. Cloud. 2026 Travel Expense Guidelines – This form now directs commissioners and staff to resources to accurately calculate per diem amounts (based on location and time of year) and mileage reimbursement rates. As commissioner compensation is a topic for the March 2026 meeting that language may be updated after adjournment. 56 Tuesday, January 13: •Annual Review of Committee Charters Tuesday, February 10: •Review Strategic Plan and 2025 Annual Business Plan Results Tuesday, March 10: •Oath of Office •Election of Officers •Annual Commissioner Orientation and Review Governance Responsibilities and Role Tuesday, April 14: •Audit of 2025 Financial Report •Financial Reserves Allocations •Review 2025 Performance Metrics Tuesday, May 12: •Annual General Manager Performance Evaluation and Goal Setting Tuesday, June 6: •Annual Commission Performance Evaluation Tuesday, July 14: Tuesday, August 11: •Annual Business Plan – Review Proposed 2027 Travel, Training, Dues, Subscriptions, and Fees Budget Tuesday, September 8: •Annual Business Plan – Review Proposed 2027 Capital Projects Budget Tuesday, October 13: •Annual Business Plan – Review Proposed 2027 Expenses Budget •Review and Update Strategic Plan Wednesday, November 10: •Annual Business Plan - Review Proposed 2027 Rates and Other Revenue •Adopt 2027 Fee Schedule •2027 Stakeholder Communication Plan Tuesday, December 8: •Adopt 2027 Official Depository and Delegate Authority for Electronic Funds Transfers •Designate Official 2027 Newspaper •Approve 2027 Regular Meeting Schedule •Adopt 2027 Governance Agenda •Adopt 2027 Annual Business Plan 2026 GOVERNANCE AGENDA 57 Electric and Water Customers Utilities Commission General Manager Operations Director Water Superintendent Water Operations Foreperson Lead Water Operator Water Operator (2) Water Utility Worker Technical Services Superintendent System Engineer OPEN Substation Apparatus Technician Electrician- Electrical Tech Electrical Technician Locator (2) Electric Superintendent Line Crew Foreperson (2) Lead Lineworker (4) Lineworker (4) Field Crew Foreperson Lead Bore Rig Operator Bore Rig Operator Inventory Procurrent Foreperson Inventory Procurement Assistant GIS/Mapping Coordinator Finance Manager Accountant AP & Payroll Specialist Administration Director Governance Communications Manager Communications & Admin Coordinator IT / OT Technician Administrative Specialist OPEN Billing Specialist Credit Collections Specialist Lead Customer Service Rep Customer Service Rep (3) HR Generalist Organizational Chart Last Updated March 5, 2026 45 of 47 FTE 58 Utilities Commission Members John Dietz, Utilities Chair Council Representative Email: jdietz@ermumn.com Term Expires: 02/29/28 Mary Stewart, Utilities Vice Chair Email: mstewart@ermumn.com Term Expires: 02/29/28 Jill Larson-Vito Email: jlarson-vito@ermumn.com Term Expires: 02/28/27 Matt Westgaard Email: mwestgaard@ermumn.com Term Expires: 02/28/29 Nick Zerwas Email: nzerwas@ermumn.com Term Expires: 02/28/29 59 Utilities Commission Meeting Schedule2026 S M T W T F S S M T W T F S S M T W T F S S M T W T F S 1 2 3 1 2 3 4 1 2 3 4 1 2 3 4 5 6 7 8 9 10 5 6 7 8 9 10 11 5 6 7 8 9 10 11 4 5 6 7 8 9 10 11 12 13 14 15 16 17 12 13 14 15 16 17 18 12 13 14 15 16 17 18 11 12 13 14 15 16 17 18 19 20 21 22 23 24 19 20 21 22 23 24 25 19 20 21 22 23 24 25 18 19 20 21 22 23 24 25 26 27 28 29 30 31 26 27 28 29 30 26 27 28 29 30 31 25 26 27 28 29 30 31 S M T W T F S S M T W T F S S M T W T F S S M T W T F S 1 2 3 4 5 6 7 1 2 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 3 4 5 6 7 8 9 2 3 4 5 6 7 8 8 9 10 11 12 13 14 15 16 17 18 19 20 21 10 11 12 13 14 15 16 9 10 11 12 13 14 15 15 16 17 18 19 20 21 22 23 24 25 26 27 28 17 18 19 20 21 22 23 16 17 18 19 20 21 22 22 23 24 25 26 27 28 24 25 26 27 28 29 30 23 24 25 26 27 28 29 29 30 31 30 31 S M T W T F S S M T W T F S S M T W T F S S M T W T F S 1 2 3 4 5 6 7 1 2 3 4 5 6 1 2 3 4 5 1 2 3 4 5 8 9 10 11 12 13 14 7 8 9 10 11 12 13 6 7 8 9 10 11 12 6 7 8 9 10 11 12 15 16 17 18 19 20 21 14 15 16 17 18 19 20 13 14 15 16 17 18 19 13 14 15 16 17 18 19 22 23 24 25 26 27 28 21 22 23 24 25 26 27 20 21 22 23 24 25 26 20 21 22 23 24 25 26 29 30 31 28 29 30 27 28 29 30 27 28 29 30 31 Holidays Jan 1 - New Year's Day Sept 7 - Labor Day Jan 19 - Martin Luther King Jr. Day Nov 11 - Veterans Day Feb 16 - Presidents' Day Nov 26 - Thanksgiving May 25 - Memorial Day Nov 27 - Day after Thanksgiving June 19 - Juneteenth Dec 24 - Christmas Eve July 3 - Independence Day (Saturday)Dec 25 - Christmas Day January April July October February May August November Commission meetings are held at the ERMU Office, 13069 Orono Parkway, Elk River, MN, unless otherwise posted. March June September December NOTE: ALL DATES ARE SUBJECT TO CHANGE Commission meetings are held the second Tuesday of each month and begin at 3:30 p.m. 60 Sherburne County Parade July 18, 2026 MMPA Annual Meeting July 21, 2026 - Location TBD MMUA Summer Conference August 17-19, 2026 - St. Cloud, MN 2026 UPCOMING EVENTS 61 Travel Expense Guidelines for Commissioners MEALS Food allowances are actual expenditures for meals and gratuity, excluding alcoholic beverages. When commissioners travel for ERMU activities and incur expenses for meals, the reimbursable total is based on the U.S. General Services Administration’s (GSA) established per diem amounts. The maximum to be reimbursed can be found on the GSA website (www.GSA.gov). Meals and Incidental (per diem) Expense Rates can vary based on location and time of year. For reference, as of March 2026, the Meals and Incidental Expenses Rate for Minneapolis/St. Paul is $92 per day. Staff is available to help commissioners confirm the appropriate per diem rate prior to travel. Itemized receipts must be submitted for reimbursement. When travelling for the entire day, the distribution is flexible, meaning the reimbursable funds do not need to be allotted in equal portions for each meal. If there are multiple days of travel, the distribution per day is also flexible, meaning the reimbursable funds do not need to be allotted in equal portions for each day. If you are travelling for a partial day (i.e. only over the course of one or two meals), deduct one-third from the total reimbursable amount for each meal not occurring during travel. If you are at an event where the meal is provided and included in the fee for the event, please have that meal unless there are extenuating circumstances such as allergies or dietary restrictions. MILEAGE The 2026 business mileage reimbursement will be based on the current IRS mileage rates (available at www.IRS.gov). In order to receive reimbursement, commissioners must submit an address for their destination and the mileage accrued. As of March 2026, the mileage rate is $0.725 per mile. COMPENSATION [TO BE DISCUSSED IN THE MARCH 2026 COMMISSION MEETING] Members of the commission representing ERMU at meetings/conferences that are in addition to the commission meetings will receive a $75 per day stipend. 62 Energy Conservation Programs Update March 10, 2026 PRESENTED AT MEETING - FRONTIER ENERGY Primary Metrics and 2025 Results Metric Annual Requirement 2025 Achieved Total Energy Savings (kWh)4,746,471 4,829,754 Savings from Energy Conservation Improvements (kWh) 2,847,882 3,923,306 Low-Income Spending Requirement ($)$26,041 $108,039 PRESENTED AT MEETING - FRONTIER ENERGY Program Delivery Administration Incentives kWh Participants Low-Income $0 $10,694 $0 1,259 0 Residential Programs $41,250 $120,865 $85,582 275,974 569 EV Charging $0 $0 $19,600 319,159 29 Commercial Programs $143,103 $0 $125,295 3,646,073 35 Regulatory Costs $0 $32,012 $0 0 0 Distributed and Renewable Generation $0 $2,723 $0 0 0 Electric Utility Infrastructure $0 $0 $0 587,289 0 Research and Development $0 $0 $0 0 0 Load Management $0 $0 $0 0 0 Total = $581,123 $184,353 $166,293 $230,477 4,829,754 633 ECO 2025 Results – by Program PRESENTED AT MEETING - FRONTIER ENERGY Delivery $184,353 32% Administration $166,293 28% Incentives $230,477 40% Annual Spending Goal 4,746,471 kWh 102% 2025 Completed 1.5% Annual Energy Savings $634,500 92% 2025 Completed 1.5% Annual Spending PRESENTED AT MEETING - FRONTIER ENERGY ECO 2024-2026 Tracking – Energy Savings Goal 14,239,413 2024 Completed 5,240,384 2025 Completed 4,829,754 2026 Plan 4,169,275 0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 16,000,000 Goal DeliveredkWh1.5% kWh Savings Tracking Goal 2024 Completed 2025 Completed 2026 Plan Goal 8,543,646 2024 Completed 3,762,970 2025 Completed 3,923,306 2026 Plan 857,369 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000 Goal DeliveredkWh0.90% kWh Savings Tracking Goal 2024 Completed 2025 Completed 2026 Plan PRESENTED AT MEETING - FRONTIER ENERGY ECO 2024-2026 Tracking – Spending Goal $1,903,500 2024 Completed $573,438 2025 Completed $581,123 2026 Plan $546,720 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 $2,000,000 Goal Delivered 1.5% Spend Tracking Goal 2024 Completed 2025 Completed 2026 Plan Goal $89,281 2024 Completed $102,523 2025 Completed $108,039 2026 Plan $100,819 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 Goal Delivered 0.2% Low-Inc. Spend Tracking Goal 2024 Completed 2025 Completed 2026 Plan PRESENTED AT MEETING - FRONTIER ENERGY Highlights - 2025PRESENTED AT MEETING - FRONTIER ENERGY PRESENTED AT MEETING - FRONTIER ENERGY Highlights - 2025 •Achieved the Total Energy Savings Goal two years in a row. •569 residential rebates = $85,582 ○275,974 kWh Savings •35 commercial rebates = $125,295 ○3,646,073 kWh Savings •29 enrolled in the EV Charging program PRESENTED AT MEETING - FRONTIER ENERGY Commercial/Industrial Highlights •Pullman Place Cooperative •Jackson Place Apartments •Dove Tree Apartments Multifamily •Furniture and Things •Top Spot •EDCO Distribution •Union Congregational Church •ISD 728 •Spectrum Charter School •Central Minnesota Mental Health Center Commercial •Jonny Pops •United Health Group •Heritage Millwork Industrial PRESENTED AT MEETING - FRONTIER ENERGY Annual kWh Energy Savings – 1.5% vs. Achieved 4,306,231 4,490,283 4,734,577 4,855,289 4,907,874 4,746,471 4,746,471 4,746,471 4,010,155 3,199,352 4,597,290 2,253,972 3,553,314 2,791,863 5,235,601 4,829,754 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 2018 2019 2020 2021 2022 2023 2024 2025 1.5% kWh Savings Goal kWh Actual PRESENTED AT MEETING - FRONTIER ENERGY Annual Spending – 1.5% vs. Actual $502,230 $529,797 $513,645 $547,350 $548,026 $579,388 $634,500 $634,500 $419,776 $443,790 $486,835 $426,381 $414,513 $387,736 $564,201 $581,123 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 2018 2019 2020 2021 2022 2023 2024 2025 1.5% Spending Goal Spending Actual PRESENTED AT MEETING - FRONTIER ENERGY $22,793 $23,785 $25,403 $26,134 $26,898 $26,041 $29,760 $29,760 $39,458 $24,682 $39,910 $41,384 $74,557 $93,074 $106,740 $108,039 $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 2018 2019 2020 2021 2022 2023 2024 2025 Low Income Spending Goal Low Income Spending Actual Annual Low -Income Spending PRESENTED AT MEETING - FRONTIER ENERGY Annual Program Performance - $ Spend / kWh Delivered $0.105 $0.139 $0.106 $0.189 $0.117 $0.139 $0.108 $0.120 $0.000 $0.020 $0.040 $0.060 $0.080 $0.100 $0.120 $0.140 $0.160 $0.180 $0.200 2018 2019 2020 2021 2022 2023 2024 2025 Actual $/kWh PRESENTED AT MEETING - FRONTIER ENERGY Questions PRESENTED AT MEETING - FRONTIER ENERGY ______________________________________________________________________________ Page 1 of 1 UTILITIES COMMISSION MEETING TO: ERMU Commission FROM: Tony Mauren – Governance & Communications Manager MEETING DATE: March 10, 2026 AGENDA ITEM NUMBER: 4.2 SUBJECT: Annual Commission Bylaw and Attendance Policy Review ACTION REQUESTED: None BACKGROUND: On June 3, 2024, the City Council adopted City Ordinance 24-14 - Amending Chapter 2, Article V, Boards and Commissions of the City of Elk River, Minnesota, City Code, which includes a provision that all City of Elk River commissions will review their bylaws annually. City staff has also requested commissioners receive their respective body’s attendance policies. DISCUSSION: ERMU’s bylaws are attached for review. Staff has no recommended updates. Conditions of compliant attendance are the following: Members are expected to maintain a suitable attendance record. Attendance is vital to community board service and City Council expectations. Because attendance is important, the City Council has adopted the following attendance policy: Members shall be automatically removed for lack of attendance. Lack of attendance is defined as: Regularly Scheduled Monthly Commissions: missing three (3) regularly scheduled meetings during a calendar year without an excused absence or missing 50% of Regular and Special Meetings with or without an excused absence during a calendar year. An absence may be excused if the staff liaison or Office of the City Clerk are notified no later than 12 p.m. (noon) on the day of the scheduled meeting. Participation for less than three-fourths (3/4) of a meeting shall be considered an absence. Members removed pursuant to this paragraph shall not continue to serve on the board. A member may appeal termination by requesting a hearing before the City Council within 10 days of notice of termination. ATTACHMENTS: • ERMU Policy – G.1a – Bylaws 63 ______________________________________________________________________________ Page 1 of 4 COMMISSION POLICY Section: Category: Governance Authorities and Purpose Policies Policy Reference: Policy Title: G.1a Bylaws ARTICLE I – AUTHORITY Section 1. The Village of Elk River Water, Light, Power and Building Commission was created on July 11, 1947, by resolution adopted by the Village of Elk River Trustees. Section 2. Pursuant to Minnesota Statutes, Section 412.331, adopted in 1949, any water, light, power and building commission then in existence was required to thereafter operate as a public utilities commission under Minnesota Statutes, Sections 412.321 to 412.391. The Village of Elk River Water, Light, Power and Building Commission became Elk River Municipal Utilities. Section 3. Elk River Municipal Utilities is a public utilities commission operating pursuant to and subject to Minnesota Statutes, Sections 412.321 to 412.391 and Elk River City Code Sections 2-271 to 2-276. ARTICLE II – JURISDICTION Section 1. Elk River Municipal Utilities has jurisdiction over: A. The City of Elk River Municipal electric utility; and B. The City of Elk River water utility. ARTICLE III – COMMISSION MEMBERSHIP Section 1. Pursuant to Laws of Minnesota 2016, Chapter 97 – House File No. 2718, and Elk River City Code Section 2-271, the Elk River Municipal Utilities Commission shall consist of five members. No more than two members may also serve as City Council members. Section 2. Commissioners shall be appointed by the City Council to staggered terms. 64 ERMU Commission Policy – G.1a Bylaws ______________________________________________________________________________ ______________________________________________________________________________ Page 2 of 4 Section 3. Each Commissioner shall serve for a term of three years and until a successor is appointed and qualified. Section 4. Commissioners shall comply with the City’s conflict of interest ordinance, Elk River City Code Sections 2-131 to 2-135. Section 5. No member of the Commission shall receive a salary except as fixed by the City Council. ARTICLE IV – OFFICERS Section 1. The Commission shall annually choose a president from among its members. The president shall be designated the Chair of the Commission and shall perform such duties as shall be delegated to the Chair in the Commission’s adopted policies Section 2. The Commission may also annually appoint a Vice-Chair of the Commission who shall perform such duties as shall be delegated to the Vice-Chair in the Commission’s adopted policies. The Vice-Chair shall preside at meetings of the Commission if the Chair is absent. Section 3. The Commission shall also appoint a Secretary for an indefinite term. The Secretary need not be a member of the Commission and shall perform such duties as shall be delegated to the Secretary in the Commission’s adopted policies. Section 4. The Commission shall have the power to revoke a Commission member’s appointment as Chair or Vice-Chair, and appoint a replacement Chair or Vice Chair, if the Commission determines, by a vote of a majority of its members, to do so. The Commission shall also have the power to replace the Secretary at any time by a vote of the majority of its members. ARTICLE V – MEETINGS Section 1. The Commission shall hold at least one regular meeting each month, on the day and at the time designated by the Commission from time to time. Regular meetings shall be noticed as required by Minnesota Statutes. Section 2. The Commission may hold special meetings from time to time at the request of the Chair or the request of two other Commissioners. Special meetings shall be noticed as required by Minnesota Statutes. Section 3. A majority of the Commissioners shall constitute a quorum for the transaction of business, and the votes of a majority of the Commissioners present shall be sufficient to adopt any motion or resolution. The votes of members on any action shall be taken by ayes and nays recorded in the minutes. Section 4. Commission meetings are open to the public unless closed as authorized by Minnesota Statutes, and shall be governed by Roberts Rules of Order, latest revised edition, for 65 ERMU Commission Policy – G.1a Bylaws ______________________________________________________________________________ all situations to which they apply and in which they are not inconsistent with these Bylaws, the Commission’s adopted Policies, and any special rules of order that the Commission may adopt. ARTICLE VI – POWERS Section 1. The Commission shall have all of the powers enumerated in Minnesota Statutes, Section 412.361 and, except as provided in the Bylaws and the Commission’s adopted Policies, shall exercise those powers on its own behalf. ARTICLE VII – GENERAL MANAGER Section 1. The Commission shall have the power to appoint a General Manager, whose responsibilities, duties, limits of authority and accountability to the Commission shall be set forth in these Bylaws and as designated by the Commission from time to time in its adopted Policies. Section 2. The General Manager shall have the authority to implement the Commission’s powers under Minnesota Statutes, Section 412.361, Subds. 1 and 2 to enter into contracts for the operation of the utility and to employ all necessary help for the management and operation of the public utility, by entering into contracts and employing personnel consistent with the Commission’s adopted budget and pay plan. However, all contracts requiring public bidding, all contracts falling under Minnesota Statutes, Section 412.361, Subds. 3, 4 and 5, and all contracts required by the Commission’s adopted Policies to be approved by the Commission, shall be approved by the Commission. Section 3. If the position of the General Manager is vacant, the Commission may designate another to perform all or some of the General Manager’s duties. ARTICLE VIII – FINANCES, FUNDS AND REPORTS Section 1. The Commission shall maintain the funds, conduct the audits and make the reports required by Minnesota Statutes, Sections 412.371 and 412.381. ARTICLE IX – APPLICATION AND AMENDMENT Section 1. In the event that any provision of these Bylaws is or may be in conflict with the laws of any governmental body or power having jurisdiction over the Elk River Municipal Utilities Commission, or over the subject matter to which such provision of these Bylaws applies or may apply, such provision of these Bylaws shall be inoperative to the extent only that the operation thereof unavoidably conflicts with such law and shall in all other respects be in full force and effect. Section 2. These Bylaws may be amended by the Commission at any regular meeting by a majority vote of the entire Commission, provided the proposed amendment is on the agenda and made public no later than three days before the meeting. Section 3. In addition to these Bylaws, the Commission may adopt, from time to time, Governance Policies (adopted Policies) that are not inconsistent with these Bylaws. ______________________________________________________________________________ Page 3 of 4 66 ERMU Commission Policy – G.1a Bylaws ______________________________________________________________________________ ______________________________________________________________________________ Page 4 of 4 BYLAW HISTORY: Adopted June 13, 2017 67 ______________________________________________________________________________ Page 1 of 3 UTILITIES COMMISSION MEETING TO: ERMU Commission FROM: Mark Hanson – General Manager MEETING DATE: March 10, 2026 AGENDA ITEM NUMBER: 4.3 SUBJECT: ERMU Mission, Vision, and Values ACTION REQUESTED: Adopt the Proposed Mission, Vision and Organizational Value Statements BACKGROUND: In August 2017, the Commission adopted a comprehensive manual of governance policies based on the Carver Model of governance. Included in those governance policies are Governance Policies G.1c-G.1e, ERMU’s Mission, Vision, and Values, respectively. Although formally adopted into a governance policy manual in 2017, it is unknown when the current mission, vision, and values were first adopted. We do know that an early draft of what became the current mission was presented to the Commission in August 1997. To establish shared understanding, mission, vision, and values statements are defined as: • Mission: An organization’s purpose and who it serves, as in “Why are we here?” • Vision: The future state an organization aspires to, providing inspiration and direction. • Values: The beliefs and guiding principles that shape culture and employee actions. Over the past two years, staff have undertaken a comprehensive review of our mission, vision, and values. Staff felt it was important that these crucial elements of ERMU’s identity evolve with the organization which has undergone major changes in recent years, both in leadership and service. After numerous management meetings, feedback sessions, consultant review, and countless revisions, the entire staff is excited to present the attached Proposed Mission, Vision, and Values for ERMU. DISCUSSION: An organization works best when its employees share a common purpose, direction, and culture. The most effective way to develop those attributes is to create meaningful mission, vision, and value statements that are easy to remember and that resonate with employees. Accordingly, the management team created shorter mission and vision statements, and selected organization values that can be arranged to form the acronym R.I.S.E.S. which aids in memorization. 68 ______________________________________________________________________________ Page 2 of 3 The Process For the first round of review, management presented their revised mission, vision, and value statements to staff, including examples of possible wall art, and asked for feedback on how to make the various components more meaningful and easier to remember. Management also asked employees to suggest words that resonated with them either personally or within their organizational roles. Roughly 65% of staff provided suggestions on how to make the statements more meaningful. Additional feedback was received regarding the wall art, which is a separate process. The most common feedback on the mission, vision, and values statements included: • Keep it short, shorter is easier to remember • Resonating key words included service, community, excellence, value, and safety • Incorporate the concept of servant leadership • Keep the R.I.S.E.S. acronym Over the following months, management incorporated staff’s suggested key words and themes into future revisions, and considered feedback from ERMU’s marketing firm, until the team felt they were close enough to bring it back to staff. Second round feedback from staff engagement included: • Mission – Staff liked how the mission statement was short and got at the heart of “why we’re here.” Staff thought it was important to focus on serving the entire community, not just customers, as focusing on the community illustrated the value of being a hometown utility. They also liked the all-inclusive nature of “Every Home, Every Business, Every Day”. • Vision – As mentioned above, staff felt it was important to incorporate servant leadership into our vision statement while again focusing on the community, not the customer. Staff enjoy participating in various community engagement events and felt strongly that being a public power utility should be strongly referenced in our mission and values. • Values – Lastly, staff felt the values truly captured our organizational culture by clearing stating what it means to be a hometown utility for our community. In short, we collectively feel the most effective way to lead the way to a stronger community is to champion a culture of resilience, integrity, stewardship, excellence, and safety. Overall, feedback from staff confirmed the statements resonated with them personally and professionally. They also felt the statements were easy to support, remember and communicate, and did a great job setting our purpose, direction, and culture as a community- owned utility. Staff request the Commission adopt the revised wording as presented. 69 ______________________________________________________________________________ Page 3 of 3 NEXT STEPS: If adopted, staff will revise commission policies G.1c-G.1e to reflect the revised mission, vision, and values. The revised policies will be submitted for approval at the April commission meeting. Staff also recommend eliminating commission policy G.1f Fundamentals and G.1g Planning Themes so the focus remains on the revised mission, vision, and values. Staff will use a similar engagement process to solicit feedback on how and where to incorporate the revised mission, vision, and values into our daily lives via wall art at the main office and field services building locations. FINANCIAL: The 2026 budget approval process included $40,000 for Hallway Displays and Branding at the office and the Field Services Building. . ATTACHMENTS: • Current ERMU Mission, Vision, and Values • Proposed ERMU Mission, Vision, and Values • Example Mission, Vision, and Values Wall Art 70 7 MISSION Honest, accountable and united in all that we do. Services that reflect excellence, dependability and expertise. Respectful and engaged interactions that are timely and clear. A culture that protects our customers, employees, and assets. Provide the best value for the services we deliver. INTEGRITY QUALITY COMMUNICATION SAFETY COMPETITIVE To provide our customers with safe, reliable, cost-effective and quality long-term electric and water utility services. To communicate and educate our customers in the use of utility services, programs, policies and future plans. These products and services will be provided in an environmentally and financially responsible manner. VISION Provide exceptional services and value to those we serve. VALUES CURRENT MISSION, VISION, VALUES 71 We build reliable systems and continually improve essential services. R ESILIENCE in Practice We do what is right and focus on clear, transparent communications. I NTEGRITY in Action We commit to protecting our collective resources for future generations. S TEWARDSHIP in Promise We pursue the highest standards and value in everything we do. E XCELLENCE in Purpose We prioritize the safety of our team and the community we serve. S AFETY Always VALUES MISSION Serving Our Community: Every Home, Every Business, Every Day VISION Leading the Way to a Stronger Community PROPOSED MISSION, VISION, VALUES 72 Example Mission, Vision, and Values Wall Art Staff will work with design agency on final designs. 73 UTILITIES COMMISSION MEETING TO: ERMU Commission FROM: Mark Hanson – General Manager MEETING DATE: March 10, 2026 AGENDA ITEM NUMBER: 4.4 SUBJECT: ERMU Commission Compensation and Stipend ACTION REQUESTED: Approve Adjustments to Monthly Compensation and Additional Activities Stipend Rate BACKGROUND: Currently ERMU Commissioners are compensated $150 per month for their work on the body. Along with monthly compensation, ERMU pays for registration, travel, lodging, meals, expenses, and a $75 per day stipend for additional activities such as representing the Utilities at meetings, conferences, and events outside of commission meetings. All costs and reimbursements must be qualifying and require documentation. Commissioner compensation and stipends were last adjusted in November 2015 when the Commission voted to raise the additional activities stipend from $50 per day. At the February 2026 meeting, the commission reviewed commissioner compensation data collected from a survey of Minnesota municipal utilities governed by a commission. All surveyed utilities paid for registration, travel, lodging, meals, and expenses associated with additional activities. The Commission directed staff to provide several options for adjusting the monthly pay and activities stipend. DISCUSSION: COMPENSATION AVERAGES The attached spreadsheet has been updated to include revised information received from two utilities since the February commission meeting. Of the fifteen responses received, the following average compensations can be computed: •All utilities included: $277/month o Excluding Utility A (which does not compensate commissioners): $297/month o Excluding the lowest (Utility A) and highest utility: $274/month •Excluding the two electric-only utilities from the overall average: o Including lowest and highest: $307/month o Excluding lowest and highest: $309/month o Excluding lowest/highest and Utility A: $333/month 74 STIPEND During last month’s discussion, the Commission expressed a desire to retain the additional activities stipend. If the stipend is retained, the Commission should consider whether the stipend should be factored into monthly compensation when comparing the options below against the averages above. For reference, in a typical year most ERMU Commissioners receive $450 in additional activities pay (four days for the MMUA summer conference, one day for the MMPA annual meeting, and one day for the parade). This equates to an average of $37.50 per month in additional compensation. OPTIONS AND RATIONALE TO DETERMINE COMPENSATION AND STIPEND AMOUNTS Monthly Compensation • Set the monthly compensation amount based on one of the averages outlined above. • Using the compensation averages as a guide, set the monthly compensation amount as a percentage of Council pay (Elk River City Councilmembers receive $625/month): a. 40% of council pay ($250/month) b. 45% of Council pay ($281.25/month) c. 50% of council pay ($312.5/month) Activities Stipend • Determine whether to discontinue the stipend, maintain it at its current rate, or set it as a percentage of Council pay. • If setting the stipend as a percentage of council pay, select one of the following: a. 10% of Council pay ($62.5) b. 12.5% of Council pay ($78.125) c. 15% of Council pay ($93.75) SUMMARY: Regardless of whether the commission decides to include the electric only utilities, staff recommend the Commission avoid removing only Utility A from the calculation of the averages. If the Commission desires to remove Utility A, the Commission should consider removing the highest utility as well so both the lowest and highest utilities are removed from the average. Staff also recommend the Commission set both the monthly compensation and the additional activities stipend as percentages of Council pay. Doing so would allow future adjustments to occur automatically whenever the Council modifies its own compensation, eliminating the need for separate action by the Commission. A motion and approval is required to set the new monthly compensation and additional activities stipend amounts. 75 FINANCIAL IMPACT: The financial impact will depend on the Commission’s desired course of action, but staff are confident any changes can be absorbed into the current 2026 budget. ATTACHMENTS: • Updated Commissioner Compensation Survey Results 76 Commissioner Compensation Survey Results (Updated) Percent Extra Day Utility Monthly Pay Annual Pay Monthly Pay Annual Pay Increase (Event) Pay Notes A $0 $0 $0 $0 Last discussed 20 years ago B $75 $900 $75 $900 C $86.25 $1,035 $115 $1,375 33% D $100 $1,200 $150 $1,800 50% $50 E $204 $2,454 $204 $2,454 F $208.34 $2,500 $208.34 $2,500 Anticipated to be 50% of Council Pay ($416.67) G $250 $3,000 $300 $3,600 H $250 $3,000 $250 $3,000 Rate set at 25% of Council pay. I $300 $3,600 $350 $4,200 17% J $317 $3,804 $317 $3,804 K $400 $4,800 $400 $4,800 Council Rep gets $0 extra from Council Pay L $425 $5,100 $450 $5,400 6%Includes $250 opt out for health insurance. M $440 $5,279 $440 $5,279 N $500 $6,000 $600 $7,200 20%MMPA rep gets $1200 extra. O $600 $7,200 $600 $7,200 Commissioner Chair 77 ______________________________________________________________________________ Page 1 of 2 UTILITIES COMMISSION MEETING TO: ERMU Commission FROM: Melissa Karpinski – Finance Manager MEETING DATE: March 10, 2026 AGENDA ITEM NUMBER: 5.1 SUBJECT: Financial Report – January 2026 ACTION REQUESTED: Receive the January 2026 Financial Report DISCUSSION: Please note that these are the preliminary unaudited financial statements. Electric January year to date (YTD) electric kWh sales are up 4% from the prior year. For further breakdown: • Residential usage is up 1% • Small Commercial usage is up 2% • Large Commercial usage is up 6% For January 2026, the Electric Department overall is ahead of prior YTD and favorable to budget YTD. Additional variance analysis can be found on the Summary Electric Statement of Revenues, Expenses and Changes in Net Position attachment. Water January YTD gallons of water sold are up 3% from the prior year. For further breakdown: • Residential use is down 1% • Commercial use is up 8% For January 2026, the Water Department overall is ahead of prior YTD and favorable to budget YTD. Additional variance analysis can be found on the Summary Water Statement of Revenues, Expenses and Changes in Net Position attachment. ATTACHMENTS: • Balance Sheet • Electric Balance Sheet • Water Balance Sheet • Summary Electric Statement of Revenues, Expenses and Changes in Net Position • Summary Water Statement of Revenues, Expenses and Changes in Net Position • Graphs Prior Year and YTD • Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 78 ______________________________________________________________________________ Page 2 of 2 • Detailed Water Statement of Revenues, Expenses and Changes in Net Position • Financial Presentation 79 ELECTRIC 3,009,864 3,674,406 2,518,549 282,656 2,241,034 11,726,510 1,779,016 7,775,460 0 9,554,476 795,920 0 2,305,024 57,259,854 25,905,542 86,266,339 (39,591,812) 46,674,527 21,546,212 8,110,733 (4,898,507) 24,758,438 322,181 93,036,132 4,975,713 1,219,061 865,851 0 0 510,000 18,398 7,589,023 0 0 0 0 26,110,549 1,708,036 27,818,585 35,407,608 1,206,975 1,779,016 0 53,521,631 1,120,902 56,421,549 93,036,132 TOTAL FUND EQUITY 33,544,215 TOTAL LIABILITIES & FUND EQUITY 41,289,126 CONTRIBUTED CAPITAL 0 RETAINED EARNINGS 33,663,170 NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)(118,955) TOTAL LIABILITIES 3,055,825 DEFERRED INFLOWS OF RESOURCES 4,689,086 FUND EQUITY CAPITAL ACCOUNT CONST COST 0 BONDS PAYABLE, LESS CURRENT PORTION 1,413,089 PENSION LIABILITIES 328,984 TOTAL LONG TERM LIABILITIES 1,742,073 LFG PROJECT 0 DUE TO COUNTY 0 DUE TO CITY 0 UNEARNED REVENUE 568,929 TOTAL CURRENT LIABILITIES 1,313,752 LONG TERM LIABILITIES OPEB LIABILITY 0 DUE TO OTHER FUNDS 0 NOTES PAYABLE-CURRENT PORTION 0 BONDS PAYABLE-CURRENT PORTION 70,000 ACCOUNTS PAYABLE 333,544 SALARIES AND BENEFITS PAYABLE 191,899 DUE TO CITY 149,380 OTHER ASSETS AND DEFERRED OUTFLOWS 61,420 TOTAL ASSETS 41,289,126 LIABILITIES AND FUND EQUITY CURRENT LIABILITIES LOSS OF REVENUE INTANGIBLE 0 LESS ACCUMULATED AMORTIZATION 0 TOTAL INTANGIBLE ASSETS, NET 0 LESS ACCUMULATED DEPRECIATION (25,412,481) TOTAL FIXED ASSETS, NET 24,895,110 INTANGIBLE ASSETS POWER AGENCY MEMBERSHIP BUY-IN 0 DISTRIBUTION 31,206,714 GENERAL 1,784,580 FIXED ASSETS (COST)50,307,591 FIXED ASSETS PRODUCTION 17,316,297 LFG PROJECT 0 TRANSMISSION 0 EMERGENCY RESERVE FUND 4,322,306 UNRESTRICTED RESERVE FUND 0 TOTAL RESTRICTED ASSETS 4,322,306 CONSTRUCTION IN PROGRESS 101,650 TOTAL CURRENT ASSETS 12,010,290 RESTRICTED ASSETS BOND RESERVE FUND 0 ACCOUNTS RECEIVABLE 5,076,523 INVENTORIES 77,506 PREPAID ITEMS 53,011 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA COMBINED BALANCE SHEET FOR PERIOD ENDING JANUARY 2026 WATER ASSETS CURRENT ASSETS CASH 6,701,601 80 January 31, 2026 December 31, 2025 3,009,864 5,167,701 (2,157,836) 3,674,406 2,346,668 1,327,738 2,518,549 2,064,304 454,246 282,656 178,940 103,716 2,241,034 2,068,580 172,454 11,726,510 11,826,192 (99,682) 1,779,016 1,779,016 0 7,775,460 7,745,138 30,322 9,554,476 9,524,154 30,322 795,920 795,920 0 2,305,024 2,305,024 0 57,259,854 57,259,854 0 25,905,542 25,893,931 11,611 86,266,339 86,254,728 11,611 (39,591,812)(39,350,025)(241,787) 46,674,527 46,904,703 (230,176) 21,546,212 21,546,212 0 8,110,733 8,110,733 0 (4,898,507)(4,842,830)(55,678) 24,758,438 24,814,116 (55,678) 322,181 322,181 0 93,036,132 93,391,346 (355,215) 4,975,713 5,729,220 (753,507) 1,219,061 1,289,158 (70,098) 865,851 1,006,772 (140,921) 510,000 1,035,000 (525,000) 18,398 0 18,398 7,589,023 9,060,150 (1,471,128) 26,110,549 26,115,537 (4,989) 1,708,036 1,708,036 0 27,818,585 27,823,573 (4,989) 35,407,608 36,883,724 (1,476,116) 1,206,975 1,206,975 0 1,779,016 1,779,016 0 53,521,631 49,623,773 3,897,858 1,120,902 3,897,859 (2,776,957) 56,421,549 55,300,647 1,120,902 93,036,132 93,391,346 (355,215) TOTAL LIABILITIES & FUND EQUITY DEFERRED INFLOWS OF RESOURCES FUND EQUITY CAPITAL ACCOUNT CONST COST RETAINED EARNINGS NET INCOME (LOSS) (THROUGH PREVIOUS MONTH) TOTAL FUND EQUITY TOTAL CURRENT LIABILITIES LONG TERM LIABILITIES BONDS PAYABLE, LESS CURRENT PORTION PENSION LIABILITIES TOTAL LONG TERM LIABILITIES TOTAL LIABILITIES CURRENT LIABILITIES ACCOUNTS PAYABLE SALARIES AND BENEFITS PAYABLE DUE TO CITY BONDS PAYABLE-CURRENT PORTION UNEARNED REVENUE LOSS OF REVENUE INTANGIBLE LESS ACCUMULATED AMORTIZATION TOTAL INTANGIBLE ASSETS, NET OTHER ASSETS AND DEFERRED OUTFLOWS TOTAL ASSETS LIABILITIES AND FUND EQUITY GENERAL FIXED ASSETS (COST) LESS ACCUMULATED DEPRECIATION TOTAL FIXED ASSETS, NET INTANGIBLE ASSETS POWER AGENCY MEMBERSHIP BUY-IN EMERGENCY RESERVE FUND TOTAL RESTRICTED ASSETS FIXED ASSETS PRODUCTION TRANSMISSION DISTRIBUTION INVENTORIES PREPAID ITEMS CONSTRUCTION IN PROGRESS TOTAL CURRENT ASSETS RESTRICTED ASSETS BOND RESERVE FUND ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA ELECTRIC BALANCE SHEET Current Month Change from Prior MonthASSETS CURRENT ASSETS CASH ACCOUNTS RECEIVABLE 81 January 31, 2026 December 31, 2025 6,701,601 6,845,702 (144,102) 5,076,523 5,146,636 (70,113) 77,506 81,754 (4,248) 53,011 38,255 14,756 101,650 267,250 (165,600) 12,010,290 12,379,597 (369,307) 4,322,306 4,314,725 7,581 4,322,306 4,314,725 7,581 17,316,297 17,247,748 68,549 31,206,714 31,206,714 0 1,784,580 1,632,203 152,376 50,307,591 50,086,665 220,925 (25,412,481)(25,296,048)(116,433) 24,895,110 24,790,618 104,492 61,420 61,420 0 41,289,126 41,546,360 (257,234) 333,544 457,125 (123,581) 191,899 206,095 (14,196) 149,380 144,841 4,539 70,000 70,000 0 568,929 573,416 (4,487) 1,313,752 1,451,477 (137,725) 1,413,089 1,413,644 (554) 328,984 328,984 0 1,742,073 1,742,628 (554) 3,055,825 3,194,105 (138,279) 4,689,086 4,689,086 0 33,663,170 33,451,758 211,412 (118,955)211,412 (330,367) 33,544,215 33,663,170 (118,955) 41,289,126 41,546,360 (257,234) ACCOUNTS RECEIVABLE ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA WATER BALANCE SHEET Current Month Change from Prior MonthASSETS CURRENT ASSETS CASH FIXED ASSETS (COST) INVENTORIES PREPAID ITEMS CONSTRUCTION IN PROGRESS TOTAL CURRENT ASSETS RESTRICTED ASSETS EMERGENCY RESERVE FUND TOTAL RESTRICTED ASSETS FIXED ASSETS PRODUCTION DISTRIBUTION GENERAL UNEARNED REVENUE LESS ACCUMULATED DEPRECIATION TOTAL FIXED ASSETS, NET INTANGIBLE ASSETS OTHER ASSETS AND DEFERRED OUTFLOWS TOTAL ASSETS LIABILITIES AND FUND EQUITY CURRENT LIABILITIES ACCOUNTS PAYABLE SALARIES AND BENEFITS PAYABLE DUE TO CITY BONDS PAYABLE-CURRENT PORTION TOTAL LIABILITIES & FUND EQUITY TOTAL CURRENT LIABILITIES LONG TERM LIABILITIES BONDS PAYABLE, LESS CURRENT PORTION PENSION LIABILITIES TOTAL LONG TERM LIABILITIES TOTAL LIABILITIES DEFERRED INFLOWS OF RESOURCES FUND EQUITY RETAINED EARNINGS NET INCOME (LOSS) (THROUGH PREVIOUS MONTH) TOTAL FUND EQUITY 82 202620262026 YTD 202620252025 YTDVariance YTD Budget ANNUALVARIANCEItemElectricBUDGET VarianceBUDGET3,505,305 3,505,305 3,511,199 (5,894) (0) 43,306,594 3,390,409 3,390,409 114,896 3393,899 393,899 368,429 25,470 7 4,454,313 374,443 374,443 19,456 523,731 23,731 22,579 1,152 5 241,665 22,359 22,359 1,372 628,152 28,152 27,320832 3 294,054 27,087 27,087 1,065 423,875 23,875 23,333542 2 280,000 21,866 21,866 2,009 94004004000 0 4,8004004000 03,975,362 3,975,362 3,953,260 22,102 1 48,581,426 3,836,564 3,836,564 138,797 432,370 32,370 29,167 3,203 11 350,000 26,207 26,207 6,163 2420,902 20,902 25,417 (4,515) (18) 305,000 24,110 24,110 (3,208) (13)99,530 99,530 21,250 78,280 368 255,000 32,534 32,534 66,996 206 (1)546,175 546,175 97,751 448,424 459 1,193,000 193,667 193,667 352,509 182 (2)698,977 698,977 173,585 525,392 303 2,103,000 276,518 276,518 422,459 1534,674,339 4,674,339 4,126,845 547,494 13 50,684,426 4,113,082 4,113,082 561,256 142,116,593 2,116,593 2,474,274 (357,681) (14) 31,659,362 2,154,697 2,154,697 (38,104) (2)1818 26,833 (26,815) (100) 321,993 29,987 29,987 (29,969) (100) (3)3,079 3,079 5,833 (2,754) (47) 70,000 3,164 3,164(85) (3)87,933 87,933 45,417 42,516 94 545,000 48,601 48,601 39,332 81 (4)135,014 135,014 179,246 (44,232) (25) 1,990,000 202,463 202,463 (67,449) (33) (5)297,465 297,465 294,428 3,037 1 3,533,136 287,650 287,650 9,815 359,983 59,983 59,9830 0 699,543 63,258 63,258 (3,275) (5)22,545 22,545 9,105 13,440 148 414,250 4,402 4,402 18,142 41232,287 32,287 36,250 (3,963) (11) 435,000 35,125 35,125 (2,838) (8)579,655 579,655 561,639 18,016 3 4,617,413 519,700 519,700 59,954 1242,665 42,665 54,774 (12,109) (22) 657,300 44,312 44,312 (1,647) (4)3,377,237 3,377,237 3,747,782 (370,545) (10) 44,942,997 3,393,360 3,393,360 (16,123) (0)176,200 176,200 175,560640 0 2,165,330 136,320 136,320 39,879 29 (6)00000019,830 19,830 (19,830) (100)176,200 176,200 175,560640 0 2,165,330 156,150 156,150 20,049 131,120,902 1,120,902 203,503 917,399 451 3,576,100 563,572 563,572 557,330 99ItemVariance of +/- $25,000 and +/- 15%(1)Budget and PYTD variance is due to large a large connection agreement in January 2026.(2)(3)Budget and PYTD variance is due to not using majority of generating g/l accounts in 2026 due to retirement of power plant engines and reclassing to distribution expense.(4)(5) Budget variance is mainly due to an even budget spread throughout year and PYTD variance is mainly due to tree trimming (contracted in 2025) and mtce of OH labor in 2025.(6)PYTD variance is due to PILOT being changed from 4% to 5% in 2026.Budget and PYTD variance is due to reclassing generating g/l accounts in 2026 to distribution expense. Utilities & Labor Donated Total Operating Transfer Net Income Profit(Loss) Interest Expense Operating Transfer/Other Funds Other Operating Expense Customer Accounts Expense Administrative Expense General Expense Total Expenses(before Operating Transfers)Operating TransferBudget and PYTD variance is mainly due to Contributions from Customers having a large SOW for a dedicated feeder in January 2026. Operating & Mtce Expense Transmission Expense Distribution Expense Maintenance Expense Depreciation & Amortization Other Electric Sales Total Operating RevenueOther Operating Revenue Purchased Power Customer Penalties Connection Fees Misc Revenue Total Other Revenue Total RevenueExpensesELK RIVER MUNICIPAL UTILITIESELK RIVER, MINNESOTASTATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITIONFOR PERIOD ENDING JANUARY 20262026 YTD Bud Var%2025 v. 2026 Actual Var%JANUARY YTD JANUARY YTDRevenueOperating Revenue Elk River Otsego Interest/Dividend Income Rural Big Lake Dayton Public St & Hwy Lighting83 202620262026 YTD 202620252025 YTDVariance YTD Budget ANNUALVARIANCEItemWaterBUDGET VarianceBUDGET170,198 170,198 175,035 (4,838) (3) 3,226,078 165,649 165,649 4,549 3170,198 170,198 175,035 (4,838) (3) 3,226,078 165,649 165,649 4,549 310,493 10,493 10,500(7) (0) 126,000 7,898 7,898 2,595 331,872 1,872 2,917 (1,045) (36) 35,000 4,583 4,583 (2,711) (59)47,691 47,691 37,167 10,524 28 446,000 31,682 31,682 16,008 51(1)975975 1,008(33) (3) 477,350 1,286 1,286(311) (24)61,031 61,031 51,592 9,439 18 1,084,350 45,449 45,449 15,582 34231,229 231,229 226,627 4,601 2 4,310,428 211,098 211,098 20,131 1013,357 13,357 10,417 2,940 28 125,000 11,288 11,288 2,068 1853,303 53,303 55,668 (2,365) (4) 668,000 54,138 54,138(835) (2)14,538 14,538 62,041 (47,503) (77) 447,500 26,607 26,607 (12,069) (45)(2)116,433 116,433 117,917 (1,484) (1) 1,415,000 115,582 115,582851 12,496 2,496 2,4960 0 28,782 2,712 2,712(217) (8)21121152159 306 50,6258383128 1548,328 8,328 8,688(360) (4) 104,250 8,623 8,623(295) (3)138,018 138,018 143,096 (5,078) (4) 1,251,950 121,462 121,462 16,556 149696605(509) (84) 7,250666630 45346,779 346,779 400,980 (54,200) (14) 4,098,357 340,562 340,562 6,218 23,404 3,404 3,501(97) (3) 64,52200 3,404 000167(167) (100) 2,00000003,404 3,404 3,668(264) (7) 66,52200 3,404 0(118,955) (118,955) (178,021) 59,066 33 145,550 (129,464) (129,464) 10,509 8ItemVariance of +/- $15,000 and +/- 15%(1) PYTD variance due to a large connection agreements in 2026.(2)Budget variance is mainly due to timing of water meter permit and also due to an even budget spread throughout year.ELK RIVER MUNICIPAL UTILITIESELK RIVER, MINNESOTASTATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITIONFOR PERIOD ENDING JANUARY 20262026 YTD Bud Var%2025 v. 2026 Actual Var%JANUARY YTD JANUARY YTDOther Operating Revenue Interest/Dividend Income Customer Penalties Connection FeesRevenueOperating Revenue Water Sales Total Operating RevenueExpenses Production Expense Pumping Expense Distribution Expense Misc Revenue Total Other Revenue Total Revenue Customer Accounts Expense Administrative Expense General Expense Depreciation & Amortization Interest Expense Other Operating Expense Net Income Profit(Loss) Total Expenses(before Operating Transfers)Operating Transfer Utilities & Labor Donated Total Operating Transfer Operating Transfer/Other Funds84 35.0 40.0 45.0 50.0 55.0 60.0 65.0 70.0 75.0 80.0 Demand in MWMonth Elk River Municipal Utilities Monthly Electrical Demand 2025 2026 15,000 20,000 25,000 30,000 35,000 40,000 Energy Purchases in MWHMonth Elk River Municipal Utilities Monthly Energy Purchases 2025 2026 85 15,000 20,000 25,000 30,000 35,000 40,000 Electric Load in MWHMonth Elk River Municipal Utilities Monthly Total Electric Load 2025 2026 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 Sales in DollarsMonth Elk River Municipal Utilities Monthly Electric Sales 2025 2026 86 - 5,000 10,000 15,000 20,000 25,000 Loads in MWHMonth Elk River Municipal Utilities Monthly Residential, Commercial & Industrial Loads 2025 Residential 2026 Residential 2025 Commercial 2026 Commercial 2025 Industrial 2026 Industrial $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 Sales in DollarsMonth Elk River Municipal Utilities Monthly Residential, Commercial & Industrial Sales 2025 Residential 2026 Residential 2025 Commercial 2026 Commercial 2025 Industrial 2026 Industrial 87 0.0 20.0 40.0 60.0 80.0 100.0 120.0 Pumpage in Million Gal.Month Elk River Municipal Utilities Monthly Water Pumpage 2025 2026 0.0 1.0 2.0 3.0 4.0 5.0 6.0 Peak Day in Million Gal.Month Elk River Municipal Utilities Peak Day Pumpage 2025 2026 88 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 0 20 40 60 80 100 120 140 160 180 Sales In DollarsSales in Million Gal.Month Elk River Municipal Utilities Monthly Water Sales 2025 MG 2026 MG 2025 $2026 $ 89 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JANUARY 2026 2026 JANUARY 2025 JANUARY 2026 YTD 2025 YTD 2026 YTD BUDGET 2026 YTD Bud Var% 2025 v. 2026 Actual Var% YTD VARIANCE 2026 ANNUAL BUDGETElectric Revenue Operating Revenue Elk River ELECT SALES - ELK RIVER RESID 1,317,058 1,317,0581,325,558 1,402,7411,325,558 (6)114,974,097 8,499 ELECT SALES - ELK RIVER NON-D 310,163 310,163311,676 327,605311,676 (5)03,713,891 1,512 ELECT SALES - ELK RIVER DEMA 1,337,655 1,337,6551,420,909 1,382,9561,420,909 3 619,613,600 83,253 PCA SALES REVENUE - ELK RIVE 156,018 156,018159,013 150,537159,013 6 21,606,959 2,995 PCA SALES REVENUE - ELK RIVE 40,067 40,06740,853 38,68940,853 6 2438,600 785 PCA SALES REVENUE - ELK RIVE 229,445 229,445247,293 208,671247,293 19 82,959,444 17,848 3,505,304 3,505,304 3,511,199 3,390,408 3,390,4080 3Total For Elk River:43,306,593 114,895 Otsego ELECT SALES - OTSEGO RESIDEN 145,738 145,738154,216 159,572154,216 (3)61,703,415 8,477 ELECT SALES - OTSEGO NON-DEM 42,990 42,99044,786 48,70244,786 (8)4552,104 1,796 ELECT SALES - OTSEGO DEMAND 139,580 139,580145,327 121,026145,327 20 41,716,440 5,746 PCA SALES REVENUE - OTSEGO R 16,966 16,96618,170 17,12518,170 6 7182,803 1,204 PCA SALES REVENUE - OTSEGO N 5,684 5,6846,030 4,4016,030 37 649,894 346 PCA SALES REVENUE - OTSEGO D 23,482 23,48225,367 17,60325,367 44 8249,653 1,884 393,899 393,899 368,429 374,443 374,4437 5Total For Otsego:4,454,313 19,456 Rural Big Lake ELECT SALES - BIG LAKE RESIDE 19,795 19,79520,978 19,53220,978 7 6208,506 1,182 ELECT SALES - BIG LAKE NON-DE 180 180185412185(55)24,674 4 PCA SALES REVENUE - BIG LAKE 2,370 2,3702,554 2,0962,554 22 822,376 183 PCA SALES REVENUE - BIG LAKE 12 121353913(98)86,107 0 23,731 23,731 22,579 22,359 22,3595 6Total For Rural Big Lake:241,664 1,372 Dayton ELECT SALES - DAYTON RESIDEN 20,583 20,58321,482 20,82521,482 3 4222,309 899 ELECT SALES - DAYTON NON-DE 3,668 3,6683,684 3,6503,684 1 041,376 15 PCA SALES REVENUE - DAYTON R 2,394 2,3942,535 2,2352,535 13 623,857 140 PCA SALES REVENUE - DAYTON 441 441449610449(26)26,511 8 28,151 28,151 27,320 27,087 27,0873 4Total For Dayton:294,054 1,064 Public St & Hwy Lighting ELECT SALES - SEC LTS 21,866 21,86623,875 23,33323,875 2 9280,000 2,008 23,875 23,875 23,333 21,866 21,8662 9Total For Public St & Hwy Lighting:280,000 2,008 Other Electric Sales SUB-STATION CREDIT 400 4004004004000 04,800 0 90 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JANUARY 2026 2026 JANUARY 2025 JANUARY 2026 YTD 2025 YTD 2026 YTD BUDGET 2026 YTD Bud Var% 2025 v. 2026 Actual Var% YTD VARIANCE 2026 ANNUAL BUDGETElectric 400 400 400 400 4000 0Total For Other Electric Sales:4,800 0 Total Operating Revenue 3,836,564 3,836,5643,975,361 3,953,2603,975,361 1 448,581,426 138,797 Other Operating Revenue Interest/Dividend Income INTEREST & DIVIDEND INCOME 26,207 26,20732,370 29,16732,370 11 24350,000 6,162 32,370 32,370 29,167 26,207 26,20711 24Total For Interest/Dividend Income:350,000 6,162 Customer Penalties CUSTOMER DELINQUENT PENALT 24,110 24,11020,901 25,41720,901 (18)(13)305,000 (3,208) 20,901 20,901 25,417 24,110 24,110(18)(13)Total For Customer Penalties:305,000 (3,208) Connection Fees DISCONNECT & RECONNECT CHA 32,534 32,53499,530 21,25099,530 368 206255,000 66,996 99,530 99,530 21,250 32,534 32,534368 206Total For Connection Fees:255,000 66,996 Misc Revenue MISC ELEC REVENUE - TEMP CHG 440 440220250220(12)(50)3,000 (220) STREET LIGHT 0 029,800 2,50029,800 1,092 025,000 29,800 TRANSMISSION INVESTMENTS 60,152 60,15261,617 56,66761,617 9 2680,000 1,465 MISC NON-UTILITY 6,338 6,33819,804 9,16719,804 116 212110,000 13,466 GAIN ON DISPOSITION OF PROPER 16,500 16,5000000 (100)25,000 (16,500) CONTRIBUTIONS FROM CUSTOME 110,236 110,236434,733 29,167434,733 1,390 294350,000 324,497 546,175 546,175 97,751 193,666 193,666459 182Total For Misc Revenue:1,193,000 352,508 Total Other Revenue 276,518 276,518698,977 173,585698,977 303 1532,103,000 422,458 698,977 698,977 173,585 276,518 276,518303 153Total For Total Other Revenue:2,103,000 422,458 4,113,082 4,113,0824,674,338 4,126,845 Total Revenue 4,674,338 13 1450,684,426 561,256 Expenses Purchased Power PURCHASED POWER 1,754,429 1,754,4291,819,306 1,819,6971,819,306 0 424,051,075 64,876 ENERGY ADJUSTMENT CLAUSE 400,267 400,267297,287 654,576297,287 (55)(26)7,608,286 (102,980) 2,116,593 2,116,593 2,474,274 2,154,697 2,154,697(14)(2)Total For Purchased Power:31,659,361 (38,103) Operating & Mtce Expense OPERATING SUPERVISION - DNU 14,102 14,102013,3990 (100)(100)160,783 (14,102) NATURAL GAS 5,963 5,96302,2920 (100)(100)27,501 (5,963) ELECTRIC & WATER CONSUMPTI 5,949 5,94905,4340 (100)(100)65,208 (5,949) 91 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JANUARY 2026 2026 JANUARY 2025 JANUARY 2026 YTD 2025 YTD 2026 YTD BUDGET 2026 YTD Bud Var% 2025 v. 2026 Actual Var% YTD VARIANCE 2026 ANNUAL BUDGETElectric PLANT SUPPLIES & OTHER EXPEN 84 8401,0000 (100)(100)12,000 (84) MISC POWER GENERATION EXPE 0 0178317(78)01,000 17 MAINTENANCE OF STRUCTURE -2,406 2,40601,2500 (100)(100)15,000 (2,406) MTCE OF PLANT ENGINES/GENER 0 00420(100)05000 MTCE OF PLANT/LAND IMPROVE 1,479 1,47903,3330 (100)(100)40,000 (1,479) 17 17 26,833 29,986 29,986(100)(100)Total For Operating & Mtce Expense:321,992 (29,969) Transmission Expense TRANSMISSION MTCE AND EXPE 3,163 3,1633,079 5,8333,079 (47)(3)70,000 (84) 3,079 3,079 5,833 3,163 3,163(47)(3)Total For Transmission Expense:70,000 (84) Distribution Expense SUPERVISION & ENGINEERING - D 0 012,653 012,653 0 0012,653 REMOVE EXISTING SERVICE & M 108 10801670(100)(100)2,000 (108) SCADA EXPENSE 6,329 6,3296,808 5,4176,808 26 865,000 479 TRANSFORMER EXPENSE OH & U 1,225 1,2251,089 2,0831,089 (48)(11)25,000 (136) MTCE OF SIGNAL SYSTEMS 0 0921250921268 03,000 921 METER EXPENSE - REMOVE & RE 0 001250(100)01,500 0 TEMP SERVICE - INSTALL & REM 623 6236,121 7086,121 765 8818,500 5,498 MISC DISTRIBUTION EXPENSE 40,314 40,31460,339 36,66760,339 65 50440,000 20,024 87,933 87,933 45,417 48,601 48,60194 81Total For Distribution Expense:545,000 39,332 Maintenance Expense MTCE OF STRUCTURES 13,499 13,4994,408 7,5004,408 (41)(67)90,000 (9,090) MTCE OF SUBSTATIONS 592 5923,495 3,3333,495 5 48940,000 2,902 MTCE OF SUBSTATION EQUIPME 3,155 3,155609,33360 (99)(98)112,000 (3,095) MTCE OF OH LINES/TREE TRIM 53,812 53,81228,339 28,00028,339 1 (47)175,000 (25,472) MTCE OF OH LINES/STANDBY 3,338 3,3382,549 4,1662,549 (39)(24)50,000 (788) MTCE OF OH PRIMARY 32,632 32,63211,406 16,25011,406 (30)(65)195,000 (21,225) MTCE OF URD PRIMARY 10,063 10,06314,951 25,00014,951 (40)49300,000 4,888 LOCATE ELECTRIC LINES 3,758 3,7583,725 10,4163,725 (64)(1)125,000 (33) LOCATE FIBER LINES 76 76187333187(44)1464,000 110 MTCE OF LINE TRANSFORMERS 3,534 3,5341,692 7,9161,692 (79)(52)95,000 (1,841) MTCE OF STREET LIGHTING 7,090 7,0907,702 5,8337,702 32 970,000 611 MTCE OF SECURITY LIGHTING 4,299 4,2992222,083222 (89)(95)25,000 (4,077) MTCE OF METERS 1,231 1,2314,725 5,0004,725 (5)28460,000 3,494 VOLTAGE COMPLAINTS 542 5421,383 8331,383 66 15510,000 840 SALARIES TRANSMISSION & DIST 3,157 3,1572,850 3,0832,850 (8)(10)37,000 (307)92 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JANUARY 2026 2026 JANUARY 2025 JANUARY 2026 YTD 2025 YTD 2026 YTD BUDGET 2026 YTD Bud Var% 2025 v. 2026 Actual Var% YTD VARIANCE 2026 ANNUAL BUDGETElectric ELECTRIC MAPPING 15,771 15,77123,202 13,50023,202 72 47162,000 7,430 FIBER MAPPING 0 008330(100)010,000 0 MTCE OF OH SECONDARY 2,694 2,6941,089 2,5001,089 (56)(60)30,000 (1,605) MTCE OF URD SECONDARY 6,916 6,9163,319 6,6673,319 (50)(52)80,000 (3,597) TRANSPORTATION EXPENSE 36,293 36,29319,702 26,66719,702 (26)(46)320,000 (16,591) 135,013 135,013 179,246 202,463 202,463(25)(33)Total For Maintenance Expense:1,990,000 (67,449) Depreciation & Amortization DEPRECIATION 231,972 231,972241,787 238,750241,787 1 42,865,000 9,815 AMORTIZATION 55,677 55,67755,677 55,67855,677 0 0668,136 0 297,465 297,465 294,428 287,650 287,6501 3Total For Depreciation & Amortization:3,533,136 9,815 Interest Expense INTEREST EXPENSE - BONDS 68,246 68,24664,971 64,97164,971 0 (5)759,406 (3,275) AMORTIZATION OF DEBT DISCOU (4,988)(4,988)(4,988)(4,988)(4,988)0 0(59,863)0 59,982 59,982 59,982 63,257 63,2570 (5)Total For Interest Expense:699,543 (3,275) Other Operating Expense EV CHARGING EXPENSE 203 2037610476(26)(62)1,250 (126) LOSS ON DISPOSITION OF PROP (C 0 00000 025,000 0 OTHER DONATIONS 126 126804167804382 5392,000 678 MUTUAL AID 0 018,042 018,042 0 0018,042 PENSION EXPENSE 0 00000 0280,000 0 OTHER INTEREST EXPENSE 0 004,6670 (100)056,000 0 INTEREST EXPENSE - METER DEP 4,072 4,0723,621 4,1673,621 (13)(11)50,000 (451) 22,544 22,544 9,105 4,402 4,402148 412Total For Other Operating Expense:414,250 18,142 Customer Accounts Expense METER READING EXPENSE 3,446 3,4462,242 2,0832,242 8 (35)25,000 (1,204) DISCONNECT/RECONNECT EXPEN 0 004170(100)05,000 0 MISC CUSTOMER ACCOUNTS EXP 31,478 31,47829,855 31,66729,855 (6)(5)380,000 (1,623) BAD DEBT EXPENSE & RECOVER 199 1991882,083188 (91)(6)25,000 (11) 32,286 32,286 36,250 35,125 35,125(11)(8)Total For Customer Accounts Expense:435,000 (2,838) Administrative Expense SALARIES OFFICE & COMMISSION 83,083 83,08380,465 90,41780,465 (11)(3)1,085,000 (2,617) TEMPORARY STAFFING 0 003330(100)04,000 0 OFFICE SUPPLIES 5,403 5,4039,686 10,4179,686 (7)79125,000 4,283 ELECTRIC & WATER CONSUMPTI 1,873 1,8731,677 2,3791,677 (30)(10)28,552 (196) BANK FEES 288 2882582502583 (10)3,000 (29) 93 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JANUARY 2026 2026 JANUARY 2025 JANUARY 2026 YTD 2025 YTD 2026 YTD BUDGET 2026 YTD Bud Var% 2025 v. 2026 Actual Var% YTD VARIANCE 2026 ANNUAL BUDGETElectric LEGAL FEES 577 5778052,083805 (61)4025,000 228 AUDITING FEES 1,720 1,7201,800 1,8751,800 (4)522,500 80 INSURANCE 14,866 14,86610,087 11,91710,087 (15)(32)143,000 (4,779) UTILITY SHARE - DEFERRED COM 23,052 23,05227,578 25,00027,578 10 20125,000 4,526 UTILITY SHARE - MEDICAL/DENT 182,364 182,364200,345 190,000200,345 5 10945,000 17,980 UTILITY SHARE - PERA 28,269 28,26928,773 29,04228,773 (1)2348,500 504 UTILITY SHARE - FICA 26,685 26,68527,059 28,54227,059 (5)1342,500 373 EMPLOYEE SICK PAY 29,671 29,67148,441 19,45448,441 149 63233,450 18,770 EMPLOYEE HOLIDAY PAY 31,491 31,49133,366 33,00033,366 1 6197,401 1,875 EMPLOYEE VACATION & PTO PA 67,680 67,68071,416 71,00071,416 1 6344,307 3,736 UPMIC DISTRIBUTION 0 00000 086,000 0 LONGEVITY PAY 0 00000 08,040 0 CONSULTING FEES 0 06,304 4,6506,304 36 055,800 6,304 TELEPHONE 2,876 2,8762,879 2,5832,879 11 031,000 2 ADVERTISING 1,320 1,3201,505 1,6671,505 (10)1420,000 185 DUES & SUBSCRIPTIONS - FEES 11,773 11,77316,492 11,82316,492 39 40141,878 4,719 SCHOOLS & MEETINGS 5,837 5,83710,170 24,29010,170 (58)74291,482 4,332 MTCE OF GENERAL PLANT & OFFI 865 865540917540(41)(38)11,000 (325) 579,654 579,654 561,639 519,700 519,7003 12Total For Administrative Expense:4,617,413 59,954 General Expense CIP REBATES - RESIDENTIAL 11,714 11,7148,918 7,5638,918 18 (24)90,758 (2,796) CIP REBATES - COMMERCIAL 0 009,3330 (100)0112,000 0 CIP - ADMINISTRATION 11,083 11,08310,166 15,15310,166 (33)(8)181,840 (916) CIP - MARKETING 9,020 9,02011,153 4,57211,153 144 2454,864 2,132 CIP - LABOR 9,232 9,2328,980 11,3408,980 (21)(3)136,078 (252) CIP REBATES - LOW INCOME 0 002,4800 (100)029,760 0 CIP - LOW INCOME LABOR 921 921786833786(6)(15)10,000 (135) ENVIRONMENTAL COMPLIANCE 2,382 2,3822,680 3,0832,680 (13)1237,000 297 MISC GENERAL EXPENSE (44)(44)(20)417(20)(105) 525,000 23 42,665 42,665 54,774 44,312 44,312(22)(4)Total For General Expense:657,300 (1,646) Total Expenses(before Operating Transfers) 3,393,360 3,393,3603,377,237 3,747,7823,377,237 (10)044,942,996 (16,123) Operating Transfer Operating Transfer/Other Funds TRANSFER TO CITY ELK RIVER R 136,320 136,320176,199 175,559176,199 0 292,165,329 39,87994 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JANUARY 2026 2026 JANUARY 2025 JANUARY 2026 YTD 2025 YTD 2026 YTD BUDGET 2026 YTD Bud Var% 2025 v. 2026 Actual Var% YTD VARIANCE 2026 ANNUAL BUDGETElectric 176,199 176,199 175,559 136,320 136,3200 29Total For Operating Transfer/Other Funds:2,165,329 39,879 Utilities & Labor Donated UTILITIES & LABOR DONATED TO 19,829 19,8290000 (100)0 (19,829) 0 0 0 19,829 19,8290 (100)Total For Utilities & Labor Donated:0 (19,829) Total Operating Transfer 176,199 176,199 175,559 156,150 156,1500 13Total For Total Operating Transfer:2,165,329 20,049 563,571 563,5711,120,901 203,503 Net Income Profit(Loss)1,120,901 451 993,576,099 557,330 95 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JANUARY 2026 2026 JANUARY 2025 JANUARY 2026 YTD 2025 YTD 2026 YTD BUDGET 2026 YTD Bud Var% 2025 v. 2026 Actual Var% YTD VARIANCE 2026 ANNUAL BUDGETWater Revenue Operating Revenue Water Sales WATER SALES RESIDENTIAL 101,257 101,257102,212 110,683102,212 (8)11,821,515 954 WATER SALES COMMERCIAL 62,704 62,70466,257 62,38166,257 6 61,039,959 3,552 WATER SALES IRRIGATION 1,686 1,6861,728 1,9691,728 (12)2364,602 42 170,197 170,197 175,035 165,648 165,648(3)3Total For Water Sales:3,226,078 4,548 Total Operating Revenue 165,648 165,648170,197 175,035170,197 (3)33,226,078 4,548 170,197 170,197 175,035 165,648 165,648(3)3Total For Total Operating Revenue:3,226,078 4,548 Other Operating Revenue Interest/Dividend Income INTEREST & DIVIDEND INCOME 7,898 7,8989,926 10,4179,926 (5)26125,000 2,027 OTHER INTEREST/MISC REVENUE 0 056683566583 01,000 566 10,493 10,493 10,500 7,898 7,8980 33Total For Interest/Dividend Income:126,000 2,594 Customer Penalties CUSTOMER PENALTIES 4,582 4,5821,872 2,9171,872 (36)(59)35,000 (2,710) 1,872 1,872 2,917 4,582 4,582(36)(59)Total For Customer Penalties:35,000 (2,710) Connection Fees WATER/ACCESS/CONNECTION FE 25,200 25,20045,510 30,50045,510 49 81366,000 20,310 CUSTOMER CONNECTION FEES 3,151 3,1511,381 4,1671,381 (67)(56)50,000 (1,769) BULK WATER SALES/HYDRANT R 3,330 3,3307992,500799 (68)(76)30,000 (2,531) 47,690 47,690 37,167 31,682 31,68228 51Total For Connection Fees:446,000 16,008 Misc Revenue MISC NON-UTILITY 310 310080(100)(100)100 (310) GAIN ON DISPOSITION OF PROPER 0 00000 04,000 0 MISCELLANEOUS REVENUE 0 00830(100)01,000 0 HYDRANT MAINTENANCE PROGR 975 9759759179756 011,000 0 WATER TOWER LEASE 0 00000 0386,250 0 LEASE INTEREST REVENUE 0 00000 075,000 0 975 975 1,008 1,285 1,285(3)(24)Total For Misc Revenue:477,350 (310) Total Other Revenue 45,448 45,44861,030 51,59261,030 18 341,084,350 15,582 61,030 61,030 51,592 45,448 45,44818 34Total For Total Other Revenue:1,084,350 15,582 96 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JANUARY 2026 2026 JANUARY 2025 JANUARY 2026 YTD 2025 YTD 2026 YTD BUDGET 2026 YTD Bud Var% 2025 v. 2026 Actual Var% YTD VARIANCE 2026 ANNUAL BUDGETWater 211,097 211,097231,228 226,627 Total Revenue 231,228 2 104,310,428 20,130 Expenses Production Expense MTCE OF STRUCTURES 11,288 11,28813,356 10,41713,356 28 18125,000 2,068 13,356 13,356 10,417 11,288 11,28828 18Total For Production Expense:125,000 2,068 Pumping Expense SUPERVISION 6,832 6,8327,000 6,6677,000 5 280,000 167 ELECTRIC & GAS UTILITIES 20,449 20,44921,295 25,00021,295 (15)4300,000 845 SAMPLING 890 8901,339 2,0001,339 (33)5124,000 449 CHEMICAL FEED 4,031 4,0312,370 4,1672,370 (43)(41)50,000 (1,660) MTCE OF ELECTRIC PUMPING EQ 0 022502250 00225 MTCE OF WELLS 21,585 21,58520,788 16,66720,788 25 (4)200,000 (797) SCADA - PUMPING 349 3492831,167283 (76)(19)14,000 (65) 53,303 53,303 55,668 54,138 54,138(4)(2)Total For Pumping Expense:668,000 (835) Distribution Expense MTCE OF WATER MAINS 2,727 2,7272,314 14,5832,314 (84)(15)175,000 (413) LOCATE WATER LINES 703 7033682,083368 (82)(48)25,000 (335) WATER METER SERVICE 3,656 3,6564,789 4,1674,789 15 3150,000 1,132 BACKFLOW DEVICE INSPECTION 1,229 1,2291,279 1,9171,279 (33)423,000 49 MTCE OF CUSTOMERS SERVICE 2,887 2,8872,907 3,0002,907 (3)136,000 19 WATER MAPPING 8,254 8,254232,08323 (99)(100)25,000 (8,231) FIBER MAPPING 0 008330(100)010,000 0 MTCE OF WATER HYDRANTS - PU 5,549 5,5495671,833567 (69)(90)22,000 (4,981) MTCE OF WATER HYDRANTS - PR 0 005000(100)06,000 0 WATER CLOTHING/PPE 79 792561,250256 (80)22415,000 176 WAGES WATER 782 782661792661(17)(15)9,500 (120) TRANSPORTATION EXPENSE 737 7371,371 2,0001,371 (31)8624,000 634 WATER PERMIT 0 0027,0000 (100)027,000 0 14,538 14,538 62,041 26,607 26,607(77)(45)Total For Distribution Expense:447,500 (12,068) Depreciation & Amortization DEPRECIATION 115,581 115,581116,432 117,917116,432 (1)11,415,000 851 116,432 116,432 117,917 115,581 115,581(1)1Total For Depreciation & Amortization:1,415,000 851 Interest Expense INTEREST EXPENSE - BONDS 3,266 3,2663,050 3,0503,050 0 (7)35,433 (216) AMORTIZATION OF DEBT DISCOU (554)(554)(554)(554)(554)0 0(6,650)0 97 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JANUARY 2026 2026 JANUARY 2025 JANUARY 2026 YTD 2025 YTD 2026 YTD BUDGET 2026 YTD Bud Var% 2025 v. 2026 Actual Var% YTD VARIANCE 2026 ANNUAL BUDGETWater 2,495 2,495 2,495 2,712 2,7120 (8)Total For Interest Expense:28,782 (216) Other Operating Expense DAM MAINTENANCE EXPENSE 30 3016601660 4350135 PENSION EXPENSE 0 00000 050,000 0 INTEREST EXPENSE - METER DEP 52 52445244(13)(13)625 (7) 211 211 52 82 82306 154Total For Other Operating Expense:50,625 128 Customer Accounts Expense METER READING EXPENSE 569 56949641749619 (13)5,000 (72) MISC CUSTOMER ACCOUNTS EXP 8,053 8,0537,831 8,2507,831 (5)(3)99,000 (222) BAD DEBT EXPENSE & RECOVER 0 00210(100)02500 8,327 8,327 8,688 8,622 8,622(4)(3)Total For Customer Accounts Expense:104,250 (295) Administrative Expense SALARIES OFFICE & COMMISSION 24,476 24,47626,229 27,75026,229 (5)7333,000 1,752 TEMPORARY STAFFING 0 00830(100)01,000 0 OFFICE SUPPLIES 1,324 1,3244,669 2,5004,669 87 25330,000 3,345 ELECTRIC & WATER CONSUMPTI 468 468419540419(22)(11)6,500 (49) BANK FEES 77 7770597020 (9)708 (7) LEGAL FEES 144 144201500201(60)406,000 57 AUDITING FEES 430 430450583450(23)57,000 20 INSURANCE 3,487 3,4873,534 3,5833,534 (1)143,000 47 UTILITY SHARE - DEFERRED COM 3,355 3,3554,270 4,2504,270 0 2725,000 914 UTILITY SHARE - MEDICAL/DENT 41,680 41,68046,253 45,50046,253 2 11251,110 4,573 UTILITY SHARE - PERA 5,556 5,5566,264 5,9586,264 5 1371,500 708 UTILITY SHARE - FICA 5,309 5,3095,976 5,8755,976 2 1370,500 666 EMPLOYEE SICK PAY 5,125 5,1258,792 4,4178,792 99 7253,000 3,667 EMPLOYEE HOLIDAY PAY 6,257 6,2577,334 7,3007,334 0 1743,000 1,076 EMPLOYEE VACATION & PTO PA 14,008 14,00815,909 16,00015,909 (1)1472,000 1,900 UPMIC DISTRIBUTION 0 00000 019,000 0 WELLHEAD PROTECTION 0 001250(100)01,500 0 LONGEVITY PAY 0 00000 01,260 0 CONSULTING FEES 4,880 4,8801,326 2,1831,326 (39)(73)26,200 (3,554) TELEPHONE 637 6377707177708 218,600 133 ADVERTISING 380 380376417376(10)(1)5,000 (3) DUES & SUBSCRIPTIONS - FEES 2,403 2,4032,958 9,2902,958 (68)23111,474 555 SCHOOLS & MEETINGS 1,243 1,2432,074 5,2412,074 (60)6762,897 83198 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JANUARY 2026 2026 JANUARY 2025 JANUARY 2026 YTD 2025 YTD 2026 YTD BUDGET 2026 YTD Bud Var% 2025 v. 2026 Actual Var% YTD VARIANCE 2026 ANNUAL BUDGETWater MTCE OF GENERAL PLANT & OFFI 216 216135225135(40)(38)2,700 (81) 138,017 138,017 143,096 121,462 121,462(4)14Total For Administrative Expense:1,251,949 16,555 General Expense CIP REBATES - RESIDENTIAL 0 02516725(85)02,000 25 CIP REBATES - COMMERCIAL 0 00830(100)01,000 0 CIP - MARKETING 0 001250(100)01,500 0 CIP - LABOR 0 00420(100)05000 ENVIRONMENTAL COMPLIANCE 65 657116771(57)82,000 5 MISC GENERAL EXPENSE 0 00210(100)02500 96 96 605 65 65(84)45Total For General Expense:7,250 30 Total Expenses(before Operating Transfers) 340,561 340,561346,779 400,979346,779 (14)24,098,356 6,217 Operating Transfer Operating Transfer/Other Funds TRANSFER TO CITY ELK RIVER R 0 03,403 3,5013,403 (3)064,521 3,403 Utilities & Labor Donated WATER & LABOR DONATED TO CI 0 001670(100)02,000 0 Total Operating Transfer 3,403 3,403 3,668 0 0(7)0Total For Total Operating Transfer:66,521 3,403 (129,464)(129,464)(118,954)(178,020)Net Income Profit(Loss)(118,954)33 8145,549 10,509 99 January 2026 Financials Report Highlights 3/10/2026 PRESENTED AT MEETING - JANUARY 2026 FINANCIAL PRESENTATION 2 YTD Profit & Profit Margin % Purpose: To show the overall health of the organization. •YTD ERMU’s revenue is exceeding expenses by $1.0M •Resulting in a profit margin of 20.42% Profit & Profit Margins % January 2026 $1,001,947 20.42% Revenue Expense $4,905,567 $3,903,620 PRESENTED AT MEETING - JANUARY 2026 FINANCIAL PRESENTATION 3 Revenue vs Expense (YTD) Purpose: To compare revenue vs expense by utility service. •Green illustrates electric and blue illustrates water. •Overall, revenue is greater than expense. REVENUE EXPENSE PRESENTED AT MEETING - JANUARY 2026 FINANCIAL PRESENTATION 4 YTD Actuals to Budget Comparison Purpose: To illustrate the combined net position actuals versus budgeted amounts. •Overall, ERMU is favorable to budget YTD PRESENTED AT MEETING - JANUARY 2026 FINANCIAL PRESENTATION 5 Accounts Receivable-Utility Aging 1/31/2026 Purpose: an overview of outstanding payments from customers and how long they are past due. •City services make up $446k of total A/R balances of $3.22M •Over 90 days is only 3% of total A/R compared to 93% being current GREEN IS GOOD! PRESENTED AT MEETING - JANUARY 2026 FINANCIAL PRESENTATION 6 Accounts Receivable-Utility Aging 1/31/2026 Note: Electric and water accounts receivable can be reviewed separately on the “Combined Balance Sheet” provided in the packet. PRESENTED AT MEETING - JANUARY 2026 FINANCIAL PRESENTATION 7 Electric Department – Purchased Power Purpose: To illustrate 5-year comparison in purchased power costs. •Purchased power 2026 YTD is approximately 60% of total expenses. •2026 YTD purchased power is favorable to budget 14%. •2026 expense is 7% less than 2025. YTD 2026 is $38k less than 2025. 2% higher kWh purchased but 26% less EAC charges. PRESENTED AT MEETING - JANUARY 2026 FINANCIAL PRESENTATION 8 Electric Department – Electric Usage Sales Purpose: To illustrate a 5-year comparison in electric usage sales. •Usage can vary greatly from year to year with weather being a primary factor. •Electric kWh usage is 3% higher in 2026 as compared to 2025. •***Through February 2026*** PRESENTED AT MEETING - JANUARY 2026 FINANCIAL PRESENTATION 9 Water Department – Water Usage Sales Purpose: To illustrate trends and view comparisons in water usage sales. •Usage can vary greatly from year to year based on a variety of factors such as weather. •The water sales graph highlights both usage and revenue dollars. •Water usage is up 2% YTD and sales revenue is up 3% YTD over prior year. •***Through February 2026*** PRESENTED AT MEETING - JANUARY 2026 FINANCIAL PRESENTATION Thank You! Melissa Karpinski, CPA - Finance Manager mkarpinski@ermumn.com PRESENTED AT MEETING - JANUARY 2026 FINANCIAL PRESENTATION UTILITIES COMMISSION MEETING TO: ERMU Commission FROM: Mark Hanson – General Manager MEETING DATE: March 10, 2026 AGENDA ITEM NUMBER: 5.2 SUBJECT: Letter of Support for Minnesota Municipal Power Agency Solar Project ACTION REQUESTED: Approve Letter of Support for Minnesota Municipal Power Agency Solar Project BACKGROUND: The Minnesota Municipal Power Agency (MMPA) has requested the commission consider sending a letter of support to the Sherburne County Board of Commissioners in support of their 3.5 MW Solar project in Big Lake Township. The project goes in front of the county board on March 17, 2026, to request approval of an Interim Use Permit. The attached letter provides additional project details. DISCUSSION: This is a letter of support request only, the entire project will be managed and funded by MMPA. The proposed project will interconnect at an existing ERMU substation and help serve local retail electric customers. Utilizing existing infrastructure supports grid reliability and helps manage long-term costs for our customers. ATTACHMENTS: • Letter of Support for Minnesota Municipal Power Agency Solar Project 100 March 10, 2026 Sherburne County Board of Commissioners Attn: Gary Gray 13880 Business Center Drive NW Elk River, MN 55330 Chair and Members of the Sherburne County Board of Commissioners, Please accept this letter as formal support from the Elk River Municipal Utilities Commission regarding the Minnesota Municipal Power Agency’s (MMPA) application for an Interim Use Permit and Comprehensive Plan Amendment for the proposed 3.5 MW solar project in Big Lake Township. This letter is submitted on behalf of the full Commission as approved on March 10, 2026. Elk River Municipal Utilities (ERMU) receives its wholesale electric power supply from MMPA and is one of twelve municipal members of the Agency. Minnesota law requires electric utilities to provide 100 percent carbon-free electricity by 2040. MMPA is developing carbon-free generation resources to meet this statutory requirement while continuing to provide reliable and affordable power to its member communities. The proposed project will interconnect at an existing ERMU substation and help serve local retail electric customers. Utilizing existing infrastructure supports grid reliability and helps manage long-term costs for public power customers. It is our understanding that MMPA’s application complies with all Sherburne County zoning and land use ordinance standards. When an application meets these established criteria, approval of the permit is the appropriate action. The project has received county approval of a no-loss, de minimis wetland application and will comply with all applicable state and federal environmental requirements. Solar generation is a low-impact land use — quiet, emission-free, and requiring minimal ongoing traffic or public services. MMPA has committed to implementing visual mitigation measures consistent with County ordinance requirements. The project property is owned by MMPA, ensuring long-term stewardship and accountability. The facility is also a reversible land use with decommissioning requirements that ensure the land can be restored at the end of the project’s life. For these reasons, the Elk River Municipal Utilities Commission respectfully supports approval of the requested permits. 101 Thank you for your consideration. Sincerely, John Dietz Chair Elk River Municipal Utilities Commission Commission Members: John Dietz, Chair Mary Stewart, Vice Chair Jill Larson-Vito, Commissioner Matt Westgaard, Commissioner Nick Zerwas, Commissioner Cc: Raeanne Danielowski, Sherburne County Commissioner Gregg Felber, Sherburne County Commissioner Brad Schumacher, Sherburne County Commissioner Andrew Hulse, Sherburne County Commissioner Bruce Messelt, Sherburne County Administrator Dawn Nyhus, Sherburne County Attorney Lynn Waytashek, Sherburne County Planning and Zoning Administration 102 ______________________________________________________________________________ Page 1 of 1 UTILITIES COMMISSION MEETING TO: ERMU Commission FROM: Mark Hanson – General Manager MEETING DATE: March 10, 2026 AGENDA ITEM NUMBER: 6.1a SUBJECT: Staff Update ACTION REQUESTED: None DISCUSSION: • I am happy to report that staff has made an employment offer for our vacant electrical distribution system engineer position. The candidate currently works as an electrical engineer for a utility in Wisconsin with similar duties to our needs. We are still negotiating a start date, but we’re excited to have him join our team! • Hotels and flights are booking up fast for the American Public Power Association National Conference in Boston, June 29 – July 1, 2026. The main conference hotel is already sold out. If you haven’t already done so, please let me know if you are planning on attending the conference. • The Minnesota Municipal Power Agency Board of Directors met on February 17, 2026, at Chaska City Hall in Chaska, Minnesota, and via videoconference. Commissioner Stewart and I attended. The public summary is below: o The Board reviewed MMPA’s 2025 accomplishments. o The Board reviewed the Agency’s financial and operating performance for January 2026. o Participation in the residential Clean Energy Choice program increased by 16 customers. Customer penetration for the program is at 6.7% of residential customers. o The Board discussed the status of electric generation and renewable natural gas projects the Agency is pursuing. 103 ______________________________________________________________________________ Page 1 of 2 UTILITIES COMMISSION MEETING TO: ERMU Commission FROM: Sara Youngs – Administrations Director MEETING DATE: March 10, 2026 AGENDA ITEM NUMBER: 6.1b SUBJECT: Staff Update ACTION REQUESTED: None DISCUSSION: • Office walk-in traffic for February consisted of 126 customers, averaging 32 customers per week over the four-week period. • ERMU disconnections for February: The Cold Weather Rule was in effect, preventing customer disconnections until 30 days after a disconnection notice is issued. o Cycle 1 – 11 disconnections o Cycle 2 – 2 disconnections o Cycle 3 – 11 disconnections o Cycle 4 – 3 disconnections • During the month of January 2026, the customer service team entered 47 payment arrangements with customers. During January 2025 there were 43 payment arrangements. • Currently there are two active residential solar photovoltaic projects planned or under construction in the ERMU service territory. • Staff continue auditing Elk River streetlights. • Following up on the question raised during the February Commission meeting regarding meter data retention, staff have confirmed that meter data is being maintained in accordance with state retention guidelines. • Staff participated in a Business Process Consultation (BPC) with National Information Solutions Cooperative (NISC) on Messenger and SmartHub at the end of 2025 as part of a strategic initiative. Following completion of the BPC, all Messenger and SmartHub settings and notifications were fully reviewed. Customer notifications within Messenger have been branded, and the language revised to reflect ERMU’s voice and tone. The review phase is now complete, and this portion of the initiative has transitioned to daily operations. The notifications currently available for customer enrollment are listed below: o Bill Available o Billing Change o Credit Card Expiration 104 ______________________________________________________________________________ Page 2 of 2 o Declined Auto Pay o Payment Arrangement Due o Payment Confirmation o Payment Reminder o Scheduled Payment Notification o Unsuccessful Payment Notification • Staff has also reviewed the updated customer Welcome Letter sent via email. Unlike the previous version, which directed customers to our website to access a PDF packet of utility information, the new Welcome Letter includes tracked hyperlinks that take customers directly to the relevant online resources. We’re excited to offer this enhanced, more user-friendly communication to our customers. 105 ______________________________________________________________________________ Page 1 of 1 UTILITIES COMMISSION MEETING TO: ERMU Commission FROM: Melissa Karpinski – Finance Manager MEETING DATE: March 10, 2026 AGENDA ITEM NUMBER: 6.1c SUBJECT: Staff Update ACTION REQUESTED: None DISCUSSION: • The 2026 audit field work completed on February 17-18 went smoothly. We are currently waiting for our adjusting journal entries and the draft of our annual financial reports. • Staff continued work on annual surveys and reports. 106 ______________________________________________________________________________ Page 1 of 2 UTILITIES COMMISSION MEETING TO: ERMU Commission FROM: Tony Mauren – Governance & Communications Manager MEETING DATE: February 10, 2026 AGENDA ITEM NUMBER: 6.1d SUBJECT: Staff Update ACTION REQUESTED: None DISCUSSION: • In February, all customers will receive the spring edition of The Current newsletter. Topics include our power provider’s renewable energy portfolio, 2026 rates, Lineworker Appreciation Day, Call 811, residential solar FAQs, and more. • In addition to the bill insert topic, March social media will cover National Employee Appreciation Day, Daylight Saving Time notice, Energy Assistance resources, Fix a Leak Week, a new electric yard tool rebate, ERMU participating in American Public Power Association’s Lineworkers Rodeo, and a commission meeting reminder. • On February 17, the Records Retention Task Force submitted proposed updates to the General Records Retention Schedule for Minnesota Cities to the State Records Disposition Panel. The Panel, consisting of the state auditor, attorney general, and state archivist, will spend the next 6-12 months reviewing the proposed changes. With the Panel’s approval, the Task Force will have minor administrative follow up work prior to finalization and publication of the new schedule. The retention schedule provides guidance to all Minnesota municipal employees on how to maintain data in accordance with state statute. Tony has been on the Task Force since April 2022. • February 18-19, Tony attended his second in-person session of Minnesota Municipal Utilities Association’s Developing Utility Expertise and Leadership (DUEL) program at their St. Louis Park office. DUEL consists of in-person and virtual sessions that “equip current and aspiring utility leaders with the core competencies needed to shape organizational culture, enhance team performance, and drive long-term success.” This session focused on applying the results of our DiSC personality assessment in the workplace. The program also incorporates a Capstone project to apply what was learned. • On February 13, ERMU Communications & Administrative Coordinator Jenny Foss and City of Elk River Senior Communications Coordinator Starr Sorheim hosted the Elk River Area Chamber of Commerce Leadership Program for Local Government & Civic Infrastructure Day. It was an amazing day of learning for all who participated! Check out the Facebook post on the event. 107 ______________________________________________________________________________ Page 2 of 2 ATTACHMENTS: • Bill Insert – The Current – Spring 2026 108 DISCOVER SAVINGS WITH ERMU With programs and rebates from ERMU, it’s easier than ever to save money, decrease energy usage, and conserve resources. Take a closer look at the many ways residential and commercial customers can save. RESIDENTIAL Appliance and Home Efficiency Electric Vehicle Charger Heat Pumps HVAC Equipment Lighting and Lighting Controls COMMERCIAL Lighting HVAC VFD and ASD Drives Other Equipment Custom Grants Click the “Programs & Rebates” tab at ERMUMN.COM to learn more or simply scan the QR code below. SPRING 2026THE CURRENT ERMUMN.COM | 763.441.2020 | 13069 ORONO PARKWAY | PO BOX 430 | ELK RIVER, MN 55330-0430 Powering the Community with Renewable Energy Since Minnesota Municipal Power Agency (MMPA) became ERMU’s power provider in 2018, the community has benefited from their diverse renewable energy portfolio that includes wind, solar, biomass, and hydroelectric power. These resources help MMPA meet Minnesota’s Renewable Energy Standard, which required 25% renewable energy by 2025, while responding to growing customer demand. In addition to their balanced mix of renewable energy sources, MMPA installed demonstration sites in the community, a wind turbine at Plants & Things Recreation Complex, and solar panels at Elk River City Hall to bring a better understanding of these technologies and show how they play an important role in delivering reliable, sustainable power to our customers. To learn more, visit our blog at ERMUMN.com. 2025 ERMU STATISTICS ELECTRIC DEPARTMENT Energy Sales 330,803,279 kWh Peak Demand 71 MW Electric Meters 13,610 Miles of Electric Lines 647.4 (84.4 percent is underground) WATER DEPARTMENT Water Sales 811,870,000 gallons Peak Day Usage 5,141,000 gallons Customers 5,812 Miles of Water Main 127.8 HOW POWER GETS TO YOUR HOME Content provided by MMPA Commission Approves Rates for 2026 ERMU recently worked with a consultant to conduct a comprehensive Cost of Service Study. The study evaluated the utility’s capital investments, operating expenses, and revenue requirements needed to maintain safe and reliable utility services. Based on the findings of this study, the Utilities Commission approved an overall two percent revenue increase for electric services, primarily driven by higher wholesale purchased power costs. Water rates will increase by four percent due to rising costs associated with maintaining and upgrading critical water infrastructure. These adjustments ensure ERMU can continue to provide safe, reliable, and sustainable utility services that support growth within the service territory while keeping rates as stable and affordable as possible. 109 ERMU has designed your utility bill so that it is easy to read and understand. To view a breakdown that explains the important information included in your bill please visit ermumn.com/manage- account/billing-payment or simply scan the QR code. UNDERSTANDING YOUR BILL ERMU and utilities across the nation are partnering with the American Water Works Association to celebrate “Drinking Water Week” from May 3-9. This week is an important time to recognize and appreciate what it takes to ensure that high-quality drinking water is always there when you need it. Follow us on social media to learn more. DRINKING WATER WEEK MAY 3-9 SPRING 2026 THE CURRENT WE WELCOME YOUR QUESTIONS AND COMMENTS: ERMUMN.COM | 763.441.2020 Residential Solar Installation: What to Know Residential Solar Photovoltaic (PV) Installation is an investment homeowners should thoughtfully consider before making a final commitment. If you’re considering home installation, make an informed decision with important residential solar tips available on our website. Simply visit the Featured News section at ERMUMN.COM and learn what to know before you buy. At ERMU, we are here to help our customers make informed decisions. Please contact us if you have any questions. Spring Projects? Call 811 Before You Dig Spring is finally here, bringing yard work and outdoor improvements of all sizes. From simple tasks to major home upgrades, any digging project should start with a call to 811, the national call-before-you-dig phone number, or a visit to gopherstateonecall.org for free locating services. Every six minutes, an underground utility line is damaged because someone digs without first calling 811. The risk of injury or even death is serious, as are the costs for repairs or fines. Take it from ERMU’s locators Jon and Russ, whether you’re installing a fence, planting a tree, or building a deck, locating your lines before you dig can really save you! Proposed Excavation Temporary Survey Markings Electric Power Lines Gas, Oil, or Steam Communication CATV Potable Water Reclaimed Water, Irrigation Sewer and Drain Lines Color Codes for Marking Underground Utilities: Lineworker Appreciation Day Saturday, April 18, marks National Lineworker Appreciation Day, a day dedicated to recognizing the brave and hardworking men and women who keep communities powered and connected. While there’s a day set aside each year to honor them, lineworkers show their dedication every day of the year. They work in challenging and often dangerous conditions to maintain the complex systems that support our daily routines and essential services. When storms or emergencies hit, lineworkers are often among the first to respond. At any given moment, ERMU has crews on call, ready to leave their homes and families to make sure our community stays safe. Their courage and dedication often go unnoticed, but their contributions are truly invaluable. 110 ______________________________________________________________________________ Page 1 of 2 UTILITIES COMMISSION MEETING TO: ERMU Commission FROM: Thomas Geiser – Operations Director MEETING DATE: March 10, 2026 AGENDA ITEM NUMBER: 6.1e SUBJECT: Staff Update ACTION REQUESTED: None DISCUSSION: • Working through the second round of maps for the new GIS mapping system that we plan to move forward with in the future. Maps 1 through 72 are complete. • Still working through the lack of communication and action regarding the reclosers that were recalled. ERMU has received seven repaired reclosers so far. Still waiting for 23 out of the 30 units to be repaired. • ERMU has started the copper switchgear replacement plan. We have replaced two so far. • Working with Sherburne County on the County Road 44 plans. • Reviewing plans and coming up with a relocation plan for the County Road 33 project. • Truck testing/inspections were performed February 25-27. • Our new Truck #5 went back to Altec in Shakopee for some corrections. • Staff and I performed interviews for the electric distribution system engineer position and have made an offer which was accepted. Start date is yet to be determined. • Mike, Chris, Mark, and I visited with Wright Hennipin Cooperative on March 5 for our yearly construction meeting. We take this time to talk about past and future projects and how we can help each other moving forward. We do the same with Connexus. 111 ______________________________________________________________________________ Page 2 of 2 112 ______________________________________________________________________________ Page 1 of 1 UTILITIES COMMISSION MEETING TO: ERMU Commission FROM: Chris Sumstad – Electric Superintendent MEETING DATE: March 10, 2026 AGENDA ITEM NUMBER: 6.1f SUBJECT: Staff Update ACTION REQUESTED: None DISCUSSION: • Installed seven new residential services, which involves the connection of a secondary line once the customer requests service. • Joe Schmidt, safety instructor from MMUA, was here February 26 and 27, and held safety training on confined spaces and chlorine safety. • Michels finished installation of joint trench utilities this past month in the Bradford 2nd Addition. Our crews will begin setting equipment and terminating wire soon. • Tree trimming continues for our crews. They recently teamed up with Sherburne County crews on removals and trimming along County Road 44 from Highway 10 to County Road 1. This road will be reconstructed in 2026, and we have an overhead feeder line running along a large portion of it. • Jay Reading, safety instructor from MMUA, was here February 17, and held job training and safety meetings on the care and maintenance of personal protective equipment. • Crews finished one section and started another on the overhead rebuild of Feeder 65 along Highway 169, from the North substation to the landfill. • Department of transportation inspections on our trucks and trailers continued in February, performed by City of Elk River mechanics. • Our staff has also been performing annual maintenance on our equipment. They are currently going through the bore rig, getting it ready for the spring. • Crews replaced a Highway 10 median light near 4th Street that was struck by a motor vehicle. • The American Public Power Association’s Lineworker Rodeo will be held on March 27 and 28 in Huntsville, AL. We have two apprentices competing this year. Apprentices compete individually in five events, one of them being a written test. Good luck to Adam and Jack! 113 ______________________________________________________________________________ Page 1 of 1 UTILITIES COMMISSION MEETING TO: ERMU Commission FROM: Mike Tietz – Technical Services Superintendent MEETING DATE: March 10, 2026 AGENDA ITEM NUMBER: 6.1g SUBJECT: Staff Update ACTION REQUESTED: None DISCUSSION: • In February, the locators processed 139 locate tickets. These consisted of 94 normal tickets, 0 emergency tickets, 24 updated tickets, 3 meetings, 1 correction, 3 boundary surveys, 9 planning, and 5 cancellations. This resulted in a 67.5% increase in tickets from the previous month and a 25.2% increase from the prior February. • Staff recently attended the Gopher State One Call (GSOC) 2026 Damage Prevention Meeting held in Andover, hosted by Connexus Energy. These meetings are conducted around the state to provide the excavation community with information about legislative changes to State Statute 216D, discuss the best industry practices, ask questions about safe digging and provide the opportunity to connect with fellow industry members. The purpose of GSOC is to protect the public, workers, and infrastructure from damage and the dangers associated with these damages. • In February, the electrical technicians completed 390 service order tasks, updated the power bill, addressed customer meter issues and any off-peak concerns. • The electrical technicians have been replacing 3-phase meters and testing current transformers of our polyphase Advanced Metering Infrastructure (AMI) meters. Staff must test, program, and verify the programming of each of these meters as we work through the exchange process for all the commercial meters. The AMI project is at an overall completion rate of 99%. • Work will pick back up at East substation this month with the delivery of the steel structures expected the third week in March. Weather permitting, we should have all the steel in place by the end of April. I am expecting the fiber communications to be completed by this time also. The transformer shipping date from WEG is August 25, 2026, which is 25 days behind schedule. This is still subject to change. • Our monthly peak was 45.53 MW on February 3, at 6:15pm. 114 ______________________________________________________________________________ Page 1 of 1 UTILITIES COMMISSION MEETING TO: ERMU Commission FROM: Dave Ninow – Water Superintendent MEETING DATE: March 10, 2026 AGENDA ITEM NUMBER: 6.1h SUBJECT: Staff Update ACTION REQUESTED: None DISCUSSION: • Delivered a water meter, installed a Smart Point module, and took curb stop ties for two new water services. • Completed 20 BACTI/Total Chlorine Residual Samples o All confirmed negative for Coliform Bacteria o Bacteriological/Disinfectant Residual Monthly Report submitted to the MDH • Completed 19 routine fluoride samples o All samples met MDH standards o Submitted MDH Fluoride Report o Completed one MDH validation fluoride sample • Submitted Discharge Monitoring Report (DMR) for the diesel generation plant to the Minnesota Pollution Control Agency. • Submitted the annual pumping report to the DNR for all the municipal wells. • Submitted Tier II Annual Reports to the Department of Homeland Security for the diesel generation plant and all the water treatment plants. • Staff attended a preconstruction meeting for the first addition of Oakwater Ridge. The developer plans to ramp up construction as soon as weather allows. • Archer Plumbing, our contractor for the AMI commercial water meter exchanges, completed two out of the three remaining commercial water meter exchanges. The final remaining exchange is at a currently unoccupied building. Water department staff will exchange the meter once a tenant moves in. • The water operators continue to spend much of their time performing annual preventive maintenance on the water treatment plants. • Lead Water Operator Derek Palmer attended the 42nd annual Minnesota Rural Water Association technical conference in St Cloud. ATTACHMENTS: • February 2026 Pumping by Well 115 Values Are Displayed in Millions of Gallons (Well #, Gallons Pumped, Percentage of Pumping) Well #2, 0.032, 0% Well #3, 14.391, 34% Well #4, 6.457, 15%Well #5, 3.65, 9% Well #6, 4.389, 10% Well #7, 4.197, 10% Well #8, 4.606, 11% Well #9, 4.446, 11% February 2026 Monthly Pumping By Well 116 Tuesday, January 13: •Annual Review of Committee Charters Tuesday, February 10: •Review Strategic Plan and 2025 Annual Business Plan Results Tuesday, March 10: •Oath of Office •Election of Officers •Annual Commissioner Orientation and Review Governance Responsibilities and Role Tuesday, April 14: •Audit of 2025 Financial Report •Financial Reserves Allocations •Review 2025 Performance Metrics Tuesday, May 12: •Annual General Manager Performance Evaluation and Goal Setting Tuesday, June 6: •Annual Commission Performance Evaluation Tuesday, July 14: Tuesday, August 11: •Annual Business Plan – Review Proposed 2027 Travel, Training, Dues, Subscriptions, and Fees Budget Tuesday, September 8: •Annual Business Plan – Review Proposed 2027 Capital Projects Budget Tuesday, October 13: •Annual Business Plan – Review Proposed 2027 Expenses Budget •Review and Update Strategic Plan Wednesday, November 10: •Annual Business Plan - Review Proposed 2027 Rates and Other Revenue •Adopt 2027 Fee Schedule •2027 Stakeholder Communication Plan Tuesday, December 8: •Adopt 2027 Official Depository and Delegate Authority for Electronic Funds Transfers •Designate Official 2027 Newspaper •Approve 2027 Regular Meeting Schedule •Adopt 2027 Governance Agenda •Adopt 2027 Annual Business Plan 2026 GOVERNANCE AGENDA 117