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Elk River . <br /> Municipal Utilities <br /> 13069 Orono Parkway <br /> P.O. Box 430 <br /> Elk River, MN 55330 <br /> (763) 441-2020 <br /> UTILITIES COMMISSION MEETING <br /> TO: FROM: <br /> Elk River Municipal Utilities Commission Theresa Slominski—Finance Director <br /> John Dietz, Chair <br /> Daryl Thompson, Vice Chair <br /> Allan Nadeau, Trustee <br /> MEETING DATE: AGENDA ITEM NUMBER: <br /> November 13, 2012 6.1 <br /> SUBJECT: <br /> Staff Updates <br /> DISCUSSION: <br /> We had 1814 credit card payment transactions in October, compared to 1633 in September, an <br /> increase of 11%. If you remember, we had slight decreases the past two months. We saw an <br /> increase in usage again in October as the customers brought their accounts current due to the <br /> Cold Weather Rule beginning October 15th. The fee for October should be$4,081.50. <br /> Lorrie Franz and I met with our auditors to set up preliminary dates and discuss the upcoming <br /> audit. The auditors will be here December 7th, 2012, for preliminary work and will be here <br /> February 28`h and March 1"for audit fieldwork. Year-end physical inventory dates are being set <br /> and the auditors will again be present for the electric physical inventory on December 27th to do <br /> test counts. <br /> Our PCAs year to date (through September's billing) total $283,456.04. (Last year through <br /> September's billing, we had accumulated a PCA total of$501,195.61.) Through the budgeting <br /> process for 2012 we had designated up to $500,000 in PCAs to be absorbed by ERMU and not <br /> passed along to our customers. Barring any huge PCAs coming this final quarter we should be <br /> able to have $0 PCAs passed along this year. I will continue to update the commission on the <br /> PCA amount in my staff updates. <br /> POWERED BY <br /> Reliable Public <br /> Power Provider POWERED To SERVE <br />