5.5. ERMUSR 05-20-2014 - Laserfiche WebLink

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Elk River Municipal Utilities UTILITIES COMMISSION MEETING TO: FROM: Elk River Municipal Utilities Commission Theresa Slominski—Finance & Office John Dietz—Chair Manager Al Nadeau—Vice Chair Daryl Thompson—Trustee MEETING DATE: AGENDA ITEM NUMBER: May 20, 2014 5.5 SUBJECT: Performance Metrics Update BACKGROUND: Following adoption of the Commission adopted Performance Metrics program in December 2012, we will be tracking the progress for 2014, to be awarded in 2015. This is a company performance based program designed to incentivize employee commitment towards the company's success. Divided into categories representing core values of the company and again into sub-categories that are quantifiable, this program is designed to track goals that require companywide support of the employees to continually achieve. When the employees work together as a team to achieve these goals, the company recognizes a corresponding increase in value to our customers. DISCUSSION: At close of the fiscal 2014 year, and completion of the audit,the final score card would be evaluated and presented to the Commission for awarding the related bonus in 2015. We will track the progress of the company and the related score card quarterly throughout 2014. This will help to keep the Commission and employees informed of our success/failure throughout the year and will also help with budgeting for the 2015 year. The scorecard is attached, projecting scores that have known components at this date, and with some notes for the first quarter results. ACTION REQUESTED: None, this is for information only. ATTACHMENTS: • Performance Metrics and Incentive Compensation Policy Score Card- 2014 W P► P O N E A E O 8 1 � ., . I 3` Page 1 of 1 NATURE Reliable Public Power Provider P O W E R E D T 0 S E R V E 114