6.1c ERMUSR 08-08-2023______________________________________________________________________________
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UTILITIES COMMISSION MEETING
TO:
ERMU Commission
FROM:
Melissa Karpinski – Finance Manager
MEETING DATE:
August 8, 2023
AGENDA ITEM NUMBER:
6.1c
SUBJECT:
Staff Update
ACTION REQUESTED:
None
DISCUSSION:
• Bi-annual bond payments due August 1 and totaling $956,278.13 have been paid. The
payments due were for bonds from 2016 and 2018 for our Minnesota Municipal Power
Agency (MMPA) buy-in, maturing in 2036 and 2048, respectively; and 2021 electric and
water bonds for the new field services building, maturing in 2051 and 2041,
respectively.
• The accounting department is continuing to test benefit enrollment in iVUE Connect
Financials.
• The accounting department is testing the expense functionality within iVUE Connect
Financials, formerly known as Accounting Business Solutions Financials.
• The general manager, administrations director, and I attended an American Public
Power Association webinar on basic cost of service and key financial targets. This will be
useful information going into the budget season and transitioning to Advanced Metering
Infrastructure.
• Staff is compiling 2023 budget information.
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