6.1. ERMUSR STAFF UPDATES 11-15-2011

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Elk River Municipal U 13069 Orono Parkway • P.O. Box 430 Elk River, MN 5 5 3 30-0430 UTILITIES COMMISSION MEETING P O W E fl~"' E, Bt B 1 ~~ i V~~ P O`/~ E RED T O S E R`/ E Phone: 763.441.2020 Fax: 763.441.8099 TO: FROM: Elk River Municipal Utilities Commission Theresa Slominski -Finance and Office John Dietz -Chair Manager Daryl Thompson -Vice Chair Al Nadeau -Trustee MEETING DATE: AGENDA ITEM NUMBER: November 15, 2011 6.1 SUBJECT: Staff U dates -Finance Director/Office Mana er DISCUSSION: We had 1,156 credit card payment transactions in October, compared to 1,086 in September. The fee for October should be $2,601. We had increased usage with the onset of the cold weather rule deadline as we turned off people with high balances so that they are caught up before the winter season. The credit card interface which will allow customers to obtain their account balance information and make payments online will be ready to test November 2152, 2011. We will be putting together instructional information sheets to include with the bills in December to help the customers become familiar with this new feature. We have been working on this since the beginning of summer and will be excited to see it implemented. Work has already begun on the audit preparations to prepare the financial statements internally this year. We have the financials and spreadsheet links from prior years to become familiar with and prep for the 2011 audited information. Our auditors, Abdo Eick and Meyers have been very helpful in preparing for this transition. Last month, an update on the Power Cost Adjustments (PCAs) was requested. A recap of the PCAs charged to ERMU to-date, and the PCAs we have collected from customers to-date is attached. We have approximately $325,000 that we have been charged but have not collected.