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6.1c EMRUSR 12-10-2024��i Elk River Municipal Utilities UTILITIES COMMISSION MEETING TO: FROM: ERMU Commission Melissa Karpinski — Finance Manager MEETING DATE: AGENDA ITEM NUMBER: December 10, 2024 6.1c SUBJECT: Staff Update ACTION REQUESTED: None DISCUSSION: • The auditors from Abdo are performing preliminary audit work December 5 on -site. Typically, preliminary audit work involves inventory observations, accounts payable testing, and review of the current year's meeting minutes. The 2024 audit field work is scheduled for February 20-21. 2024 open enrollment was the second year of utilizing iVUE Connect — Financials. The second year was easier and went smoothly for payroll, HR, and employees. • The final audit has been completed for workers' compensation coverage. The audit resulted in a slight increase in our premium. Page 1 of 1 142