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2.0 CONSENT AGENDA(Approved By One Motion) <br /> Moved by Commissioner Zerwas and seconded by Commissioner Stewart to approve the <br /> Consent Agenda as follows: <br /> 2.1 Check Register—June 2025 <br /> 2.2 Regular Meeting Minutes—June 3,2025 <br /> 2.3 Water Tower Attachment—Lease Amendment(Verizon) <br /> Motion carried 5-0. <br /> 3.0 OPEN FORUM <br /> No one appeared for open forum. <br /> 4.0 POLICY&COMPLIANCE <br /> 4.1 Commission Policy Review—G.4d—Customer Interests <br /> The Commission reviewed the policy,which outlines expectations for management's <br /> understanding and response to customer needs. <br /> Commissioners agreed the policy remains aligned with core values. No action was <br /> required. <br /> 5.0 BUSINESS ACTION <br /> 5.1 Financial Report—May 2025 <br /> Ms. Karpinski presented the report, noting that her second slide was labelled "January <br /> 2025—April 2025"when it should say"January 2025—May 2025."She went on to <br /> highlight statistics in the report including a year-to-date budget net of$735,000 which is a <br /> 3.8% margin. Electric operations were at a 6.89%margin,$700,000 favorable to budget, <br /> and about$700,000 above prior year.Water operations was at a loss of 46.29%,which is <br /> typical for this time of year.The water budget is$214,000 favorable to budget but <br /> $120,000 below prior year. <br /> Receivables are 93%current with only 3%over 90 days past due thanks to the efforts of <br /> the customer service team. <br /> There was an increase in revenue from new tower lease agreements. In response to a <br /> question, Ms. Karpinski confirmed that the budget has to show the full lease amount <br /> including any likely extensions. <br /> Elk River Municipal Utilities Commission Meeting Minutes <br /> July 8,2025 <br /> Page 2 <br />