6.1c ERMUSR 08-09-2022______________________________________________________________________________
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UTILITIES COMMISSION MEETING
TO:
ERMU Commission
FROM:
Melissa Karpinski – Finance Manager
MEETING DATE:
August 9, 2022
AGENDA ITEM NUMBER:
6.1c
SUBJECT:
Staff Update
ACTION REQUESTED:
None
DISCUSSION:
• Bi-annual bond payments due August 1 and totaling $873,103.13 have been paid. Part
of the bond payments due were for those from 2016 and 2018 on our Minnesota
Municipal Power Agency buy-in. These bonds mature in 2036 and 2048, respectively.
Payment was also made on 2021 electric and 2021 water bonds for the new field
services building, maturing in 2051 and 2041, respectively.
• We received our MN Department of Revenue Sales and Use Tax Refund totaling
$20,565.01. This was the full amount that we requested on May 17.
• Staff is compiling 2023 budget information.
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