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The Commission did not have any comments, questions, or recommended updates to the <br />policy. <br />5.0 BUSINESS ACTION <br />5.1 Financial Report — March 2023 <br />Ms. Karpinski stated both electric and water are doing well overall. Electric is ahead of <br />prior YTD and favorable to budget YTD. Water is behind prior YTD due to fewer Water <br />Access Connection (WAC) fees but favorable to budget YTD. <br />Chair Dietz checked his understanding that electric sales were up and purchased power <br />was down from prior year. Ms. Karpinski confirmed this to be correct. <br />Chair Dietz requested clarification of the current status of the Power Cost Adjustment <br />(PCA). Ms. Karpinski explained the Energy Adjustment Clause (EAC) passed on from the <br />power provider is less when compared to last year and the PCA revenue from customers is <br />higher than prior year to account for 2022 accruals. Ms. Karpinski added that at the end of <br />April, ERMU will no longer have an accrual remaining from 2022. Starting in May ERMU's <br />EAC and PCA pass -through will match more closely to current month activity. <br />Moved by Commissioner Stewart and seconded by Commissioner Zerwas to receive the <br />March 2023 Financial Report. Motion carried 5-0. <br />5.2 2023 First Quarter Delinquent Items <br />Ms. Karpinski presented first quarter delinquent items noting they are consistent with <br />prior years. Write Offs are slightly higher but not concerning and continue to be better <br />than comparable utilities. <br />Ms. Karpinski acknowledged the great work of ERMU's customer service team to keep <br />delinquent amounts low. <br />Chair Dietz asked for clarification regarding which tool is most effective to avoid Write <br />Offs. <br />Ms. Karpinski replied that Revenue Recapture (RR) and Assessments are the best tools for <br />collecting delinquent items. <br />Commissioner Zerwas asked if there was knowledge of the State of Minnesota no longer <br />allowing the utilities to use RR. <br />Ms. Youngs replied there has been no discussion of this with state contacts. <br />Elk River Municipal Utilities Commission Meeting Minutes <br />April 11, 2023 <br />Page 4 <br />30 <br />