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> L*. <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 /> September 13, 2016 5.3 <br /> SUBJECT: <br /> Performance Metrics Incentive Compensation—Evaluation of Criteria <br /> BACKGROUND: <br /> December 2012 the Commission first adopted the Performance Metrics program. This is a <br /> company 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. The goal is to have the <br /> employees work together as a team to achieve these goals, and the company recognizes a <br /> corresponding increase in value to our customers. <br /> DISCUSSION: <br /> At close of each fiscal year, and completion of the audit,the final score card is evaluated and <br /> presented to the Commission for awarding the related bonus. There has been some discussion of <br /> changing some of the metrics' measurements from those we started with in 2012. As the metrics <br /> need to be determined prior to the start of the fiscal year in which they are to be measured, we <br /> would need to decide what to implement/change prior to January 1, 2017. Upon reaching out to <br /> staff and commissioners for suggestions, I have compiled the list of suggestions according to the <br /> applicable category, and tried to identify the measurement means. Presented is some information <br /> on the current score card and history, and the suggested options for consideration. <br /> ACTION REQUESTED: <br /> Direction on Performance Metrics measurements for future years. <br /> ATTACHMENTS: <br /> • Performance Metrics and Incentive Compensation Policy Score Card <br /> • Performance Metrics History <br /> • Performance Metrics and Incentive Compensation suggestions <br /> POWEHEU 81 <br /> El <br /> Page 1 of 1 NATURE <br /> Reliable PublicW <br /> Power Provider POWERED To S ERV E <br /> 106 <br />