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In Theresa Slominski's staff report,she had stated that two errors had been discovered on the <br /> summary page of the budget presentation for the water department. John Dietz asked Theresa to <br /> elaborate on that point.Theresa explained that the first error was that approximately$25,000 in <br /> miscellaneous revenue was not included. The second error was the capital projects amount was <br /> added instead of subtracted for showing the net contribution to reserves; instead of the <br /> approximate$900,000 increase shown it should have been an approximate$200,000 increase. <br /> Theresa shared that the errors are in presentation only and do not impact rates or require any <br /> action. Troy Adams reiterated that the rates were designed not taking into account that large of <br /> a net contribution into reserves. <br /> Mike O'Neill shared that Dick Wagner has announced his retirement;his last day will be <br /> February 28,2017. A retirement gathering will be held at the office on February 24 from 2:00 <br /> p.m.to 4:00 p.m.to honor Dick's almost 38 years of service.Mike stated that as Troy had <br /> alluded to in his staff report,he will be leaving ERMU to go back to Great River Energy;his last <br /> day will be March 3,2017. Mike also shared that we had been notified by the American Public <br /> Power Agency(APPA)that we have qualified as a third time recipient of the prestigious <br /> Reliable Public Power Provider(RP3)designation. <br /> Tom Sagstetter announced that Jolene Fenn-Jansen has given her notice;her last day will be <br /> March 2,2017. She has taken a position with another company where she will be specializing <br /> in lighting rebates. <br /> Cal Portner shared that based on 2017 projections for new construction and development,it <br /> should be a good year for both the city and Elk River Municipal Utilities. <br /> 6.2 Set Date for Next Meeting <br /> The next regularly scheduled Commission meeting will be held on March 14,2017. <br /> 6.3 Adjourn Regular Meeting <br /> Daryl Thompson moved to adjourn the regular meeting of the Elk River Municipal <br /> Utilities Commission at 4:35 p.m. Al Nadeau seconded the motion. Motion carried 3-0. <br /> Minutes prepared by Michelle Canterbury. <br /> John J.Dietz <br /> Chair,ERMU Commission <br /> Tina Allard <br /> City Clerk <br /> Page 6 <br /> Regular meeting of the Elk River Municipal Utilities Commission <br /> February 14,2017 <br /> 29 <br />