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Chair Dietz asked if a final report will be provided to the Commission. Ms. Towne said that after <br />meeting with Mr. Hanson to clarify the details needed in the final report, it would take about <br />one month to complete. <br />The Commission was concerned that a nine step pay plan was too long. They requested a new <br />seven -step plan from Baker Tilly that kept the minimum and maximum values presented in the <br />nine -step plan to position ERMU as an employer of choice and foster employee longevity. The <br />Commission also asked for real -life examples of a seven step pay plan using actual ERMU <br />positions. <br />Commissioner Bell inquired about the impact to customer rates if a new pay structure is <br />approved. Ms. Karpinski stated rates would not be affected because funds have already been <br />included in the 2024 budget and there is also room to reduce the electric and margins based <br />on policy. <br />Mr. Hanson confirmed most of the cost could be absorbed by adjusting margins while <br />remaining policy compliant. <br />Commissioner Zerwas asked to include any bonus pay programs in the final report as well. <br />Chair Dietz asked for additional information on how many of the ten comparable organizations <br />also have bonus or longevity pay programs. <br />The Commission decided to postpone action until the July regular commission meeting to <br />review the new and requested information, and to give Commissioner Westgaard, who was <br />absent, a chance to review it as well. <br />Moved by Commissioner Bell and seconded by Commissioner Stewart to postpone <br />action on the Compensation Study until the July regular commission meeting. Motion <br />carried 4-0. <br />5.1 Financial Report —April 2024 <br />Ms. Karpinski presented the financials for April 2024 noting the graphs only show data <br />through April due to the commission meeting being moved up to the first week in June. <br />In response to a request for information from the Commission, Ms. Karpinski stated that <br />$122,000 between electric and water has been budgeted in 2024 for Utilities Performance <br />Metric Incentive Compensation to be paid in 2025 if all of the metrics are met. <br />Chair Dietz raised a question on footnote 2 in the electric budget. Mr. Hanson explained <br />that a large customer paid upfront for two large transformers that they need. <br />Elk River Municipal Utilities Commission Meeting Minutes <br />June 4, 2024 <br />Page 5 <br />35 <br />