4.1 ERMUSR 03-12-2024 - Laserfiche WebLink

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ERMU Commission Policy — G.2c Agenda Planning 1. During the first quarter of each fiscal year (January - March): a. The Commission will review its committee charters. b. The Commission and Management will review ERMU's current Strategic Plan along with the results of the Annual Business Plan for the preceding fiscal year. Commissioners appointed by the City Council will take the oath of office and the Commission will elect officers at its March meeting. The Commission will hold its annual orientation and review its governance responsibilities and role. 2. During the second quarter of each fiscal year (April -June): a. The Commission will consider and approve the external audit report as specified in the Governance Agenda. b. The Commission will review the financial reserves balances and related policy. The Commission will take action as appropriate per policy. The Commission and Management will evaluate the Performance Metrics for the preceding fiscal year. d. The Commission will formally evaluate the performance of the General Manager. e. The Commission will formally evaluate its own performance. Following this evaluation, the Commission, with support from the General Manager, will arrange for governance education for the next fiscal year, including education related to the determination of desired results. 3. During the third quarter of each fiscal year (July -September): a. The Commission and Management will begin its annual update of the Strategic Plan and Financial Plan for the succeeding five-year period. b. The Commission will review Management's proposed twenty-year Capital Improvement Plan. 4. During the fourth quarter of each fiscal year (October - December): a) The Commission, in conjunction with Management, will determine the stakeholder communications plan and schedule for the next fiscal year. b) The Commission will adopt an official depository and delegate authority for electronic funds transfers. Page 2 of 4 54