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• ' AABDO <br /> ,.i5EICCKK &DC <br /> ®I •, _ ME 1 ERS LLP <br /> Certified Public Accountants &Consultants <br /> 5201 Eden Avenue <br /> Suite'250 <br /> Edina,MN 55436 <br /> AUDITOR'S REPORT ON LEGAL COMPLIANCE <br /> Public Utilities Commission <br /> Elk River Municipal Utilities <br /> Elk River,Minnesota <br /> We have audited the accompanying financial statements of the business-type activities of Elk River Municipal Utilities(the Utilities) <br /> of the City of Elk River,Minnesota(the City)which collectively comprise the Utilities basis financial statements as of and for the <br /> years ended December 31,2012 and 2011,and have issued our report thereon dated May 6,2013. <br /> We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the provisions <br /> of the Minnesota Legal Compliance Audit Guide for Political Subdivisions,promulgated by the Minnesota Office of the State Auditor <br /> pursuant to Minnesota statute, section 6.65. Accordingly,the audit included such tests of the accounting records and such other <br /> auditing procedures,as we considered necessary in the circumstances. <br /> The Minnesota Legal Compliance Audit Guide for Political Subdivisions covers seven categories of compliance to be tested: <br /> contracting and bidding,deposits and investments,conflicts of interest,public indebtedness,claims and disbursements,miscellaneous <br /> provisions,and tax increment financing. Our study included all of the listed categories except that we did not test for compliance in <br /> tax increment financing because the Utilities has not established a tax increment financing district. <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 /> May 6,2013 ABDO, EICK&MEYERS, LLP <br /> Minneapolis, Minnesota Certified Public Accountants <br /> 952.835.9090 • Fax 952.835.3261 <br /> www.aemcpas.com <br /> 71 <br />