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6.1b ERMUSR 03-12-2019 Elk River Municipal Utilities UTILITIES COMMISSION MEETING TO: FROM: ERMU Commission Theresa Slominski— Finance & Office Manager MEETING DATE: AGENDA ITEM NUMBER: March 12, 2019 6.1b SUBJECT: Staff Update ACTION REQUESTED: None DISCUSSION: • Our auditors, Abdo, Eick, and Meyers (AEM), were here for audit fieldwork on February 28 and March 1. There were no audit adjustments proposed outside of expected pension related adjustments, and these were lower than anticipated. The final audit report will be presented at the April commission meeting. I am very grateful for the talented accounting staff we have, and for the organizational support of accounting processes throughout the company that contribute towards good accounting records, and, ultimately, a good audit. • The Energy Information Administration (EIA) reports 860, 861, and 923 for 2018 have all been filed. These are federal reports that are required to be filed annually related to the output of our plant standby engines' and the Landfill engines' output and fuel sources; our system distribution numbers in MW, revenues, and meters served; wind and solar participation; and reliability numbers. • MISO (Midwest Independent System Operator) reporting will be due later this month. These reports are based on 2017 information for determining our transmission rebates we will receive as being a part owner of the transmission systems with MMTG (Midwest Municipal Transmission Group). • We are in the process of testing a revision to the presentation of the monthly bills to better segregate City versus ERMU services. This change also allows for a slight change to the color scheme and the pictorials (moving from graphs to snapshot information.) If all goes well,the changes will be able to be in place with the bills customers will receive in May. Page 1 of 1 118