6.1c EMRUSR 02-11-2025��i
Elk River
Municipal Utilities UTILITIES COMMISSION MEETING
TO:
FROM:
ERMU Commission
Melissa Karpinski — Finance Manager
MEETING DATE:
AGENDA ITEM NUMBER:
February 11, 2025
6.1c
SUBJECT:
Staff Update
ACTION REQUESTED:
None
DISCUSSION:
• Bond payments totaling $939,078.13 and due January 31 have been paid. The bonds we
have are the bonds 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 2024 annual audit. Our
auditors from Abdo will be completing the audit field work on February 20-21.
• Continued work with new GL Financial Statement Reporting tool.
• We have received a lot of our annual surveys that will be completed in the upcoming
months.
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