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ABDO <br />EICK & <br />r •~ y 1VIFYERS l l l~ <br />L~•rllji~-d PuLlir I~~nuuuurnv .C~ t~~~n.ultrnaa <br />S'ul I Jcn-Arum <br />~uV. 3u <br />Ldin.~ ]IA »:~. <br />REPORT ON MINNESOTA LEGAL COMPLIANCE <br />Public Utilities Commission <br />Elk River Municipal Utilities <br />Elk River, Minnesota <br />We have audited [he financial statements of the Elk River Municipal Utilities (the Utilities) as of and for the years ended <br />December 31, 2010 and 2009, and have issued our report thereon dated April 4, 201 I. <br />We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the <br />provisions of the Minnesota Lega! Compliance Audi! Guide for Local Government, promulgated by the Minnesota Office of the <br />State Auditor pursuant to Minnesota statute, section 6.65. Accordingly, the audit included such tests of the accounting records and <br />such other auditing procedures, as we considered necessary in the circumstances. <br />The Minnesota Legal Compliance Audit Guide for Local Government covers six main categories of compliance to be tested: <br />contracting and bidding, deposits and investments, conflicts of interest, public indebtedness, claims and disbursements, and <br />miscellaneous provisions. Our study included all ofthe listed categories. <br />The results of our tests indicate that for the items tested, the Utilities complied with the material terms and conditions of applicable <br />legal provisions. <br />This report is intended solely for the information and use of the Public Utilities Commission, City Council, management and the <br />Office of the State Auditor and is not intended to be and should not be used by anyone other than these specified parties. <br />~, ~ri1¢~, tC~ <br />April 4, 201 I <br />Minneapolis, Minnesota <br />ABDQ EICK & MEYERS, LLP <br />Cer[ifeed Public Accountants <br />eun.:u ~nu~pu .~~nni -69- <br />