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UTILITIES COMMISSION MEETING <br />TO:FROM: <br />ERMU Commission Melissa Karpinski –FinanceManager <br />MEETING DATE: AGENDA ITEM NUMBER: <br />June 8, 2021 6.1c <br />SUBJECT: <br />Staff Update <br />ACTION REQUESTED: <br />None <br />DISCUSSION: <br /> Received bond proceeds from the 2021B bonds on May 13 and will receive the bond <br />proceeds from the 2021C bonds on June 10. Staff continued work on bond related <br />documents for the2021C bonds. <br /> The setup of the new savings account at First Bank of Elk River has been completed. <br /> The issue with our custom financial report within Accounting & Business Solutions has <br />been fixed by National Information Solutions Cooperative. <br />The accounting department is continuing to work on record retentionprocessingas <br />time permits. <br /> <br /> Following up on the question from last month’s meeting regarding the prior YTD <br />variance of $50K in Misc Distribution Expense. The main drivers causing the variance <br />were $21K for uniforms, $13K in small tools, and $7K in labor. <br /> <br /> Requested information regarding residential accounts receivable (May 31, 2021)below: <br /> <br />ProviderResidential Past Due # Total Dollars Average Average <br />Customers Residential Residential Past Due for Past Due Monthly <br />Customers Customers Residential Amount for Residential <br />Past Due Customers Past Due Bill <br />Customers <br />Electric 10,706 7376.9% $126,925.45 $172.22$80.96 <br />Water4,741171 3.6% $7,299.70 $42.69 $22.14 <br /> <br /> <br /> <br />______________________________________________________________________________ <br />Page 1 of 1 <br />89 <br />