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Elk River <br /> Municipal Utilities UTILITIES COMMISSION MEETING <br /> TO: FROM: <br /> Elk River Municipal Utilities Commission Theresa Slominski—Finance and Office Manager <br /> John Dietz—Chair <br /> Al Nadeau—Vice Chair <br /> Daryl Thompson—Trustee <br /> MEETING DATE: AGENDA ITEM NUMBER: <br /> April 12, 2016 6.Ib <br /> SUBJECT: <br /> Staff Update <br /> DISCUSSION: <br /> Our server re-location from NISC-hosted to being local has proved very effective. Processing <br /> times have been significantly reduced and we no longer have the connectivity issues. We will <br /> have our first upgrade on the local server Friday, April 8th and I will give a verbal update at the <br /> commission meeting on its outcome. <br /> We received word from NISC's executive team(specifically the Vice President of Product <br /> Management,Marketing and Sales, David Bonnett)that NISC is going to move forward with an <br /> offering of a module for Fund Accounting to better serve the municipal market they are seeking. <br /> They notified us this will be in the development stage for at least two years, given their other <br /> development commitments,but we are still excited to hear that it will be an option and that our <br /> requests have been heard. <br /> After further discussion with Springsted, the $10 million dollar bond for our early down payment <br /> buy-in with MMPA will be moving forward. Information and terms of the proposal will be <br /> starting mid-April with the first commission required action at the May meeting with the Bond <br /> Resolutions authorizing the bond sale, and the City Resolutions the following week. At the June <br /> meeting would be the sale and consideration of the award of the bonds, and we would receive the <br /> funds mid-July. <br /> April 15th is around the corner, and with it the end of the cold weather rule. Our first round of <br /> shut-offs with be the following Tuesday,April 19th, and if necessary, Thursday, April 21st as <br /> well. <br /> Kathy Greenberg, our Accounts Payable and Payroll Specialist, attended the Northstar Chapter <br /> American Payroll Association's Fair Labor Standard Acts Seminar March 16th in Golden Valley, <br /> MN. Her education report is attached. <br /> INATURE <br /> Page 1 of 2 <br /> Reliable Public <br /> Power Provider P OWERED T O S ERV E <br /> 229 <br />