4.2 ERMUSR 07-13-2021 - Laserfiche WebLink

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______________________________________________________________________________ Page 1 of 6 UTILITIES COMMISSION MEETING TO: ERMU Commission FROM: Theresa Slominski – General Manager MEETING DATE: July 13, 2021 AGENDA ITEM NUMBER: 4.2 SUBJECT: Annual Strategic Plan Review ACTION REQUESTED: Consensus on high level strategic themes and annual business plan budgeting/rates direction. BACKGROUND In August 2017, the Commission adopted a comprehensive manual of governance policies based on the Carver Model of governance. Included in those governance policies is Governance Policy G.2c Agenda Planning. This policy notes that in the first quarter “The Commission and Management will review ERMU’s current Strategic Plan along with the results of the Annual Business Plan for the preceding fiscal year.” This annual review was confirmed and scheduled through the Commission’s adoption of the 2021 Governance Agenda, which is included in the monthly commission meeting materials, and is available to the public. This annual review was conducted during the February commission meeting. Feedback from the commission was noted by staff. Per the Governance Policy G4.c Strategic and Business Planning and consistent with Policy G.2c Agenda Planning and with the 2021 Governance Agenda adopted by the commission in 2018, the Commission and management begin their annual update of the strategic plan and financial plan for the succeeding five-year period during the July regular commission meeting. The strategic plan shall provide “strategic direction for a period of not less than five (5) future fiscal years in terms of high-level elements such as vision, core purpose, core values, mission, key result areas and broadly stated strategic objectives that are intended to achieve the organizational outcomes contained in the commission’s Authority and Purpose Policies.” Included in the Commission’s Authority and Purpose Policies are the bylaws, organizational core purpose, mission, vision, values, fundamentals, and planning themes. These policies are summarized on the attached mission, vision, fundamentals, values, and planning themes document. DISCUSSION: The purpose for the Strategic Plan is to establish long term direction and goals for an organization and develop the plan to get there. A good strategic planning process incorporates assessing risks and developing contingency plans based on risk mitigation in the journey toward the long-term direction and goals. 58