6.1b ERMUSR 03-13-2017 - Laserfiche WebLink

Home Browse Search

Elk River ---� Municipal Utilities UTILITIES COMMISSION MEETING TO: FROM: Elk River Municipal Utilities Commission Theresa Slominski—Finance and Office Manager John Dietz—Chair Al Nadeau—Vice Chair Daryl Thompson—Trustee MEETING DATE: AGENDA ITEM NUMBER: March 13, 2017 6.1b SUBJECT: Staff Update DISCUSSION: Our auditors, Abdo, Eick, &Meyers,were onsite for fieldwork Thursday and Friday,March 2nd and 3rd. Everything went well and staff was able to answer questions and provide documentation requested. They still have to complete the proposed entry for the GASB 68 accrual related to the pension at PERA. The City's onsite fieldwork with their auditors will be the week of March 13th. We are anticipating presentation of the audit at the April commission meeting. April 15th will be the end of the cold weather rule and we anticipate high numbers for shutoffs once this ends. We have been hanging a lot of red tags (the notification during the cold weather rule period of October 15th to April 15th in lieu of shutting power off) and they have not generated a lot of payment activity or even communication. Sometimes, after being shut off disgruntled customers reach out to the commissioners and so this is just a heads up. We will have another commission meeting before that date and should be able to provide more information at that meeting. There are several reports due this time of year for the Energy Information Association (EIA) and MISO (Midwest Independent System Operator). The EIA reports are informational and relate to our engines at the plant and the landfill, our system infrastructure and performance, sales results, and some energy conservation information for the prior 2016 year. The MISO reports are based on 2015 information for determining our transmission rebates we will receive as being a part owner of the transmission systems with MMTG. PINEIEI BY ® Page 1 of 1 NATURE Reliable Pttilic Power Provider POWERED T O S ERV E 263