6.1c ERMUSR 02-09-2021______________________________________________________________________________
Page 1 of 1
UTILITIES COMMISSION MEETING
TO:
ERMU Commission
FROM:
Melissa Karpinski – Finance Manager
MEETING DATE:
February 9, 2021
AGENDA ITEM NUMBER:
6.1c
SUBJECT:
Staff Update
ACTION REQUESTED:
None
DISCUSSION:
• Bond payments due February 2 totaling $1,382,883.13 have been paid. The bonds we
have are a water bond that will mature in 2022; one refunding of electric bonds that will
mature in 2022; the bonds from 2016 and 2018 for our Minnesota Municipal Power
Agency buy-in maturing in 2036 and 2048, respectively; and a share in the bond with the
City for our office buildings that will mature in 2023.
• We received notice from the Minnesota Department of Revenue that ERMU has been
selected for audit of the Minnesota Solid Waste Management Tax. Requested
information will be compiled and sent to them by February 12.
• The accounting department has been busy preparing for the 2020 annual audit. Our
auditors from Abdo, Eick, & Meyers will be completing the audit field work March 4-5. It
is still uncertain if any work will be completed on-site due to COVID-19.
• We have received quite a few of our annual U.S. Energy Information Administration
surveys which will be completed in the months ahead.
118