Loading...
6.1b ERMUSR 11-14-2017 Elk River Municipal Utilities UTILITIES COMMISSION MEETING TO: FROM: ERMU Commission Theresa Slominski—Finance & Office Manager MEETING DATE: AGENDA ITEM NUMBER: November 14, 2017 6.1b SUBJECT: Staff Update ACTION REQUESTED: None DISCUSSION: • I have been in contact with our auditors to sign our audit engagement letter for 2017, and plan upcoming audit dates. Typically the auditors are onsite one day in December for the preliminary work, but this year they scheduled a date in early January instead, January 8, 2018. The regular fieldwork will be completed March 1 and 2, 2018. We have our electric physical inventory date set for Thursday, December 28,2017, and the auditors will join us briefly for some testing of their own. • Last year at this time, we were deep in discussions with NISC regarding our challenges with the software not being conducive to our fund accounting needs. I am happy to report that this initiative has been moving along, and with the last NISC quarterly upgrade we had a change that significantly improved the process in posting cash register transactions to the GL. We have also been able to provide feedback on other processes that they are working on for a target final implementation in fall of 2018. • We will have our insurance open enrollment meetings on the Wednesday following the commission meeting,November 15, 2017. To accommodate everyone we hold two meetings, one in the morning and one in the afternoon. These meetings allow us the opportunity to review with staff the changes in switching from SunLife benefits to Principal and Delta benefits, as well as any industry changes related to medical insurance benefits. Staff can make any changes with enrollment, and can also enroll in our cafeteria plan flexible spending accounts for health and dependent care. We will have a Delta Dental representative here to help field questions, as well a representative from Blue Cross Blue Shield(BCBS). Page 1 of 1 88