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s ' <br /> , 'ABDO <br /> pet, EICK & <br /> . 01 <br /> MEYERS LIP <br /> Certified Public;lnnunlnnts R Consulta us <br /> INDEPENDENT AUDITOR'S REPORT ON MINNESOTA LEGAL COMPLIANCE <br /> Public Utilities Commission <br /> Elk River Municipal Utilities <br /> Elk River,Minnesota <br /> We have audited, in accordance with auditing standards generally accepted in the United States of America,the financial statements of <br /> the business-type activities and each major fund of Elk River Municipal Utilities(the Utilities)of the City of Elk River,Minnesota <br /> (the City)as of and for the years ended December 31, 2013 and 2012,and the related notes to the financial statements,and have issued <br /> our report thereon dated March 27,2014. <br /> The Minnesota Legal Compliance Audit Guide for Political Subdivisions,promulgated by the State Auditor pursuant to Minnesota <br /> Statute§6.65,contains seven categories of compliance to be tested: contracting and bidding,deposits and investments,conflicts of <br /> interest,public indebtedness,claims and disbursements,miscellaneous provisions,and tax increment financing. Our audit considered <br /> all of the listed categories,except that we did not test for compliance with the provisions for tax increment financing because the <br /> Utilities has not established a tax increment financing district. <br /> In connection with our audits,nothing came to our attention that caused us to believe that the Utilities failed to comply with the <br /> provisions of the Minnesota Legal Compliance Audit Guide for Political Subdivisions.However,our audit was not directed primarily <br /> toward procedures,other matters may have come to our attention regarding the Utilities' noncompliance with the above referenced <br /> provisions.Accordingly,had we performed additional procedures,other matters may have come to our attention regarding the <br /> Utilities' noncompliance with the above referenced 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 /> (MIIa ;Mile 11, <br /> ABDO,EICK&MEYERS, LLP <br /> Minneapolis,Minnesota <br /> March 27,2014 <br /> 5201 Eden Avenue,Suite 250 <br /> Edina,MN 55436 <br /> 952 835 9090 I Fax 952.835.3261 <br /> 118 <br />