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/,, <br /> Elk River <br /> Municipal Utilities UTILITIES COMMISSION MEETING <br /> TO: FROM: <br /> ERMU Commission Theresa Slominski - Finance & Office Manager <br /> MEETING DATE: AGENDA ITEM NUMBER: <br /> May 9, 2017 4.1 <br /> SUBJECT: <br /> 2017 First Quarter Performance Metrics and Incentive Compensation Update <br /> ACTION REQUESTED: <br /> None,this is for information only. <br /> BACKGROUND: <br /> Following the Commission adopted Performance Metrics program in December 2012, and the <br /> revision to the scorecard in 2016, we will be tracking the progress for 2017 to be awarded in <br /> 2018. This is a company performance based program designed to incentivize employee <br /> commitment towards the company's success. Divided into categories representing core values of <br /> the company and again into sub-categories that are quantifiable, this program is designed to track <br /> goals that require companywide support of the employees to continually achieve. When the <br /> 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 2017 year, and completion of the audit, the final score card will be <br /> evaluated and presented to the Commission for awarding the related distribution in 2018. We <br /> will be tracking the progress of the company and the related score card quarterly throughout <br /> 2017. The first quarter scorecard is attached, with some notes for the first quarter results. <br /> FINANCIAL IMPACT: <br /> None, until awarded the following year. <br /> ATTACHMENTS: <br /> • Performance Metrics and Incentive Compensation Policy Score Card—2017 First <br /> Quarter <br /> Page 1 of 1 <br /> PR <br />