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MANAGEMENT POLICY <br />Section:Category: <br />ManagementAdministration Policies <br />Policy Reference:Policy Title: <br />A.27 Electronic FundsTransfer(EFT) Policy <br />POLICY: <br />It is the policy of Elk River Municipal Utilities (ERMU) to comply with the Minnesota <br />Electronic funds transfer (Minnesota Statutes, 471.38 Subd. 3), which states that a local <br />government may make an EFT that has enacted all of the policy controls listed in 471.38 Subd <br />3a. Pursuant to the above Minnesota Statutes, ERMU has established policies and procedures to <br />ensure compliance with all EFTs transacted. <br /> <br />POLICY HISTORY: <br /> <br />Established January 12, 2021 <br />______________________________________________________________________________ <br />Page 1 of 1 <br />71 <br />