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INDEPENDENT AUDITOR’S REPORT <br />ON MINNESOTA LEGAL COMPLIANCE <br />Public Utilities Commission <br />Elk River Municipal Utilities <br />Elk River, Minnesota <br />We have audited, in accordancewithauditing standards generallyaccepted in theUnitedStates of America, the financial <br />statements oftheElk RiverMunicipal Utilities(the Utilities) of the Cityof Elk River,Minnesota (theCity) as of and for the <br />yearended December 31,2019, and the related notes to the financial statementswhich collectively comprises the Utilities <br />basic financial statements,and have issuedourreport thereondated <br />In connectionwithour audit, nothing came to our attentionthat causedus tobelieve that the Utilitiesfailed to complywith <br />the provisions of thecontracting and bidding, depositsand investments,conflictsofinterest, public indebtedness, claims <br />anddisbursements, and miscellaneousprovisions sections of theMinnesotaLegal ComplianceAudit Guide for Cities, <br />promulgatedbythe StateAuditor pursuant to Minn. Stat. §6.65, insofar as they relate to accounting matters.However, <br />our auditwasnot directedprimarily towardobtaining knowledge of such noncompliance.Accordingly,hadwe performed <br />additional procedures,othermattersmay have come to our attention regarding the Utilities’noncompliance with the above <br />referenced provisions,insofar as they relate toaccounting matters. <br />This report is intended solely for theinformation and use of those chargedwith governanceand management ofthe <br />Public Utilities Commission,andtheStateAuditorand is not intended tobe, and should not be,used by anyone other <br />than thesespecified parties. <br />ABDO, EICK &MEYERS, LLP <br />Minneapolis, Minnesota <br />63 <br />153 <br />