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.../ <br /> Elk River <br /> Municipal Utilities UTILITIES COMMISSION MEETING <br /> TO: FROM: <br /> Elk River Municipal Utilities Commission Theresa Slominski—Finance & Office <br /> John Dietz—Chair Manager <br /> Al Nadeau—Vice Chair <br /> Daryl Thompson—Trustee <br /> MEETING DATE: AGENDA ITEM NUMBER: <br /> August 12, 2014 2.4 <br /> SUBJECT: <br /> Performance Metrics Update <br /> BACKGROUND: <br /> Following adoption of the Commission adopted Performance Metrics program in December 2012,we <br /> will be tracking the progress for 2014,to be awarded in 2015. This is a company performance based <br /> program designed to incentivize employee commitment towards the company's success. Divided into <br /> categories representing core values of the company and again into sub-categories that are quantifiable, <br /> this program is designed to track goals that require companywide support of the employees to continually <br /> achieve. When the employees work together as a team to achieve these goals,the company recognizes a <br /> corresponding increase in value to our customers. <br /> DISCUSSION: <br /> At close of the fiscal 2014 year,and completion of the audit,the final score card would be evaluated and <br /> presented to the Commission for awarding the related bonus in 2015. We will track the progress of the <br /> company and the related score card quarterly throughout 2014. This will help to keep the Commission <br /> and employees informed of our success/failure throughout the year and will also help with budgeting for <br /> the 2015 year. <br /> The scorecard is attached,projecting scores that have known components at this date,and with some <br /> notes for the second quarter results. You will note there are some areas that are not on target currently,or <br /> improvement is needed,to meet the goals of the metrics. As we are half way through the year there is <br /> still room to hope for better results where we have no control, and make the improvements where we can <br /> influence the outcome. Noting these items indicates that the metrics goals are probably not set too low <br /> for an easy achievement,but offer some challenge to meet them. <br /> ACTION REQUESTED: <br /> None,this is for information only. <br /> ATTACHMENTS: <br /> • Performance Metrics and Incentive Compensation Policy Score Card-2014 <br /> PONEDED RD OE <br /> y <br /> 1 <br /> t . I A 'U <br /> l Page 1 of 1 <br /> Reliable Public <br /> Power Provider P ()WERE!) T o S E R V E <br /> 44 <br />