01-12-2016 ERMU MIN - Laserfiche WebLink

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American Public Power Association(APPA)Lineworkers Rodeo being held April 2,2016 in Shakopee,MN. Troy shared that we'd like to start promoting the event and if there is enough community interest we may want to consider having a bus to help people get to and from the event. We currently have three apprentice lineworkers that will compete individually and three journeymen that will compete as a team. Theresa Slominski shared that after further discussion with Senior Auditor,Andrew Berg, regarding the accounting treatment for the Loss of Revenue(LOR)component of the territory acquisition and our concern with the significant estimating that would be necessary for a complete ten year liability to be recognized in year one,we agreed to recognize an asset each year as the LOR is calculated and paid.We are still discussing whether to capitalize it in the year of the payment or year of earning,and if the amortization term will be indefinite or the same as the infrastructure component. Theresa pointed out that either way,we will not have to revise or amend the 2016 budget for this item. There was further discussion. John Dietz asked about the inventory inaccuracies for the security department that Theresa had commented on in her staff report. Theresa shared that staff is still researching it to determine if it's an error data entry or in actual inventory count. Mark Fuchs shared that they conducted year-end inventory counts on December 29,2015,and that the accuracy of the numbers looked extremely good. John Dietz inquired as to whether we're still working with the city on winter tree trimming. Staff responded. Mike O'Neill noted that we sent the formal termination notice to Great River Energy for the ERMU Diesel Power Plant capacity/energy agreement. Tom Sagstetter noted in his staff report that the LED holiday lighting contest was a huge success. There were 28 participants and the involvement with Community Education was a great addition. The Commission shared that it took approximately 4 1/2 hours to go out and see all the participants homes for the judging portion of the contest. There was discussion on fine- tuning and improving the contest for next year. A few notable suggestions were:having some type of sign/marker in the yard of the contest participants to help identify them,having a few different groups of judges to help narrow down the top ten or twelve that the Commissioners could go out and judge,and considering changing up some of the categories we use for the judging criteria. 6.2 Set Date for Next Meeting The next regularly scheduled Commission meeting will be held on February 9,2016. The Commission recessed the regular meeting at 4:18 p.m. 6.3 Closing of Meeting: "Meeting to be Closed pursuant to MN Statute 13D.05, Subd. 3(c)(3) to develop or consider offers or counteroffers for the purchase or sale of real or personal property." Page 4 Regular meeting of the Elk River Municipal Utilities Commission January 12,2016