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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 /> May 10, 2016 2.5 <br /> SUBJECT: <br /> 2016 First Quarter Performance Metrics and Incentive Compensation Update <br /> BACKGROUND: <br /> Following adoption of the Commission adopted Performance Metrics program in December <br /> 2012, we will be tracking the progress for 2016, to be awarded in 2017. This is a company <br /> performance based program designed to incentivize employee commitment towards the <br /> company's success. Divided into categories representing core values of the company and again <br /> into sub-categories that are quantifiable, this program is designed to track goals that require <br /> companywide support of the employees to continually achieve. When the employees work <br /> together as a team to achieve these goals, the company recognizes a corresponding increase in <br /> value to our customers. <br /> DISCUSSION: <br /> At close of the fiscal 2016 year, and completion of the audit,the final score card will be <br /> evaluated and presented to the Commission for awarding the related bonus in 2017. We will be <br /> tracking the progress of the company and the related score card quarterly throughout 2016. The <br /> first quarter scorecard is attached,with some notes for the first quarter results. <br /> ACTION REQUESTED: <br /> None,this is for information only. <br /> ATTACHMENTS: <br /> • Performance Metrics and Incentive Compensation Policy Score Card- 2016 <br /> POWERED BY <br /> Page 1 of 1 <br /> ATURE <br /> Reliable Public' <br /> Power Provider P OWERED T O S ERV E <br /> 113 <br />