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��i <br />Elk River <br />Municipal Utilities UTILITIES COMMISSION MEETING <br />TO: <br />FROM: <br />ERMU Commission <br />Melissa Karpinski — Finance Manager <br />MEETING DATE: <br />AGENDA ITEM NUMBER: <br />November 14, 2023 <br />6.01c <br />SUBJECT: <br />Staff Update <br />ACTION REQUESTED: <br />None <br />DISCUSSION: <br />• Continued efforts compiling 2024 budget information. <br />• The Investment and Reserve Committee is having its annual meeting before the <br />November Commission meeting. <br />• Online/paperless benefit enrollment through iVUE Connect Financials will go live for <br />2024 open enrollment. Accounting and HR have been busy getting the system ready and <br />tested prior to our open enrollment meetings. <br />• Completed arbitrage compliance information request for the 2018A bonds. <br />• The auditors from Abdo will be performing preliminary audit work on December 7. <br />Typically, preliminary audit work involves inventory observations, accounts payable <br />testing, and review of the year's meeting minutes. The 2023 audit field work is <br />scheduled for February 22-23. The audit will be completed utilizing either a hybrid <br />method or a fully remote method. <br />Page 1 of 1 <br />137 <br />