2.2 ERMUSR 12-13-2022 - Laserfiche WebLink

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Mr. Kerzman informed the Commission that RJM had completed floor coring in the garage for analysis and that he is confident the samples line up well with what the scan shows regarding depth and rebar placement. He added some concrete will be replaced and that ERMU will pursue a warranty and/or credit on the floor. Mr. Hanson added the driving lane is the worst portion and the goal is to get this replaced. There was further discussion 5.6 Health Insurance Update Ms. Slominski presented the Health Insurance Update noting ERMU had received a slight increase of 1.5% for health insurance but had received large increases in the ancillary and dental insurances so ERMU's broker sought options on the market for those services with large increases. Ms. Slominski reported that the broker had found savings of 27.9% in dental insurance and 29% in ancillary coverage by switching providers. The broker also reported that ERMU could add employer -paid short term disability through ancillary coverage while still saving $4,000. Chair Dietz asked what the cost of the short term disability was to the utilities. Ms. Slominski responded it was about $9,000 for the year. Chair Dietz stated that for future reference he would like short term disability added to the list of items provided to employees as it is beyond the requests they made to the Wage & Benefit Committee. Staff said it would be noted. Ms. Slominski then asked the Commission to consider the level of funding for the deductibles. She noted that there was no change in the deductible amounts and the Commission agreed to maintain the 85% funding level for 2023. Moved by Commissioner Bell and seconded by Commissioner Stewart to approve the 2023 ERMU employee benefits offering including continuing the employer contribution to health savings account (HSA) deductible funding amounts, switching dental and ancillary providers, and the addition of employer paid short term disability (STD) insurance. Motion carried 5-0. 5.7 Financial Reserves & Investment Committee Update Commissioner Westgaard provided an update from the Financial Reserves & Investment Committee which had met immediately prior to the commission meeting. He reminded the Commission that the balances had been reviewed by the Commission in April. He went on to explain that the unrestricted reserves for the electric department showed a total of $12.66 million but that $7 million of that was dedicated to the field services building project. For water there are unrestricted reserves of $9.4 million with $1 million Elk River Municipal Utilities Commission Meeting Minutes November 8, 2022 Page 6 33