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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 /> December 11, 2018 6.1b <br /> SUBJECT: <br /> Staff Update <br /> ACTION REQUESTED: <br /> None <br /> DISCUSSION: <br /> • The bulletproof glass at the front counter will be installed after business hours on Friday, <br /> December 14, and they estimate it will take 8 hours from start to finish. Jennie N and I <br /> will be onsite for the installation. I have a sample that I will bring to the meeting of the <br /> bullet absorbing rubber material that was placed between the cabinets and the curved <br /> wood facing at the front counter. <br /> • As mentioned last month, we are giving all of the accumulated Power Cost Adjustment <br /> (PCA) credits back to the customers now that our power contract with GRE/Connexus is <br /> complete. In October's billing we issued PCA credits of 4 mils totaling $102,118. In <br /> November we issued PCA credits of 6 mils totaling$166,249. And in December we will <br /> issue PCA credits of 10 mils totaling approximately $295,000. <br /> • In preparation for year end, our inventory counts are scheduled for December 26 and 27, <br /> 2018. Our auditors will not be onsite this year for inventory observations but will do <br /> some test counts on January 17, 2019 when they will be here for preliminary fieldwork. <br /> The regular fieldwork audit dates are scheduled for Thursday, February 28, and Friday, <br /> March 1, 2019. <br /> • I have been working with our bank to set up a new operations business account so that we <br /> are able to have our existing business account as a deposit only account, dedicated solely <br /> to receive customer payments. This allows us to mitigate risk from customers who may <br /> experience fraudulent activity. <br /> Page 1 of 1 <br /> 131 <br />