2.4 ERMUSR 04-12-202246
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UTILITIES COMMISSION MEETING
TO:FROM:
ERMU Commission Melissa Karpinski – Finance Manager
MEETING DATE: AGENDA ITEM NUMBER:
April 12, 2022 4.1
SUBJECT:
2021 Financial Audit
ACTION REQUESTED:
Receive and file the 2021 Annual Financial Report
BACKGROUND:
Audit fieldwork was completed March 3 and 4 by our auditors, Abdo. Again, this year Abdo
completed and compiled the enclosed audit report and issued an opinion letter. Elk River
Municipal Utilities staff has reviewed for approval.
DISCUSSION:
Mr. Andrew Berg of Abdo will be in attendance at our meeting to present the 2021 audit and
answer any questions the Commission may have. There was one audit adjustment resulting
from General Accounting Standards Board (GASB) reporting requirements related to Pensions.
The one adjustment is provided annually by Abdo. This item is discussed in Note 3 of the
financials.
FINANCIAL IMPACT:
None
ATTACHMENTS:
Abdo Audit Presentation
Abdo Management Communication
ERMU Annual Financial Report for the Year Ended December 31, 2021
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