6.1c ERMUSR 02-13-20244r,;.Z,
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Municipal Utilities UTILITIES COMMISSION MEETING
TO:
FROM:
ERMU Commission
Melissa Karpinski — Finance Manager
MEETING DATE:
AGENDA ITEM NUMBER:
February 13, 2024
6.1c
SUBJECT:
Staff Update
ACTION REQUESTED:
None
DISCUSSION:
• Bond payments due February 1 totaling $944,203.13 have been paid. The bonds we
have are from 2016 and 2018 for our Minnesota Municipal Power Agency (MMPA) buy -
in maturing in 2036 and 2048, respectively; 2021 electric bond and 2021 water bond for
the new field services building maturing in 2051 and 2041, respectively.
• The accounting department has been busy preparing for the 2023 annual audit. Our
auditors from Abdo will be completing the audit field work on February 22-23.
• Training for implementation of the new General Ledger Financial Statement Reporting
tool within NISC iVUE Financials has been scheduled for March 6 and 13.
• We have received a lot of our annual surveys that will be completed in the upcoming
months.
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