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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 and Office <br /> John Dietz, Chair Manager <br /> Daryl Thompson, Vice Chair <br /> Allan Nadeau, Trustee <br /> MEETING DATE: AGENDA ITEM NUMBER: <br /> December 12, 2012 6.1 <br /> SUBJECT: <br /> Staff Updates <br /> DISCUSSION: <br /> We had 1748 credit card payment transactions in November, compared to 1814 in October. <br /> The fee for November should be $3,933. <br /> The auditors will be here December 7th, 2012, for preliminary work and I will provide a verbal <br /> update at the meeting regarding their visit. Typically this preliminary work gives them a start on <br /> the planning of the audit as they review meeting minutes and bids of the year, review the chart of <br /> accounts, and conduct some Accounts Payable testing. <br /> Our PCAs year to date (through October's billing) total $222,715, which is down from last <br /> month by $60,741 due to credit PCAs in October. Through the budgeting process for 2012 we <br /> had designated up to $500,000 in PCAs to be absorbed by ERMU and not passed along to our <br /> customers. It appears we will not have to pass along any PCAs, nor need the entire amount for <br /> 2012 - and that's good news for our customers. I will continue to update the commission on the <br /> PCA amount in my staff updates. <br /> N <br /> POERED OI <br /> 1 l f 9 INATUR 1 <br /> Reliable Public <br /> Power Provider P O W E R E D T o S E R V E <br />