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4r,;.Z, <br />Elk Riv <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 />February 13, 2024 <br />6.1c <br />SUBJECT: <br />Staff Update <br />ACTION REQUESTED: <br />None <br />DISCUSSION: <br />• Bond payments due February 1 totaling $944,203.13 have been paid. The bonds we <br />have are from 2016 and 2018 for our Minnesota Municipal Power Agency (MMPA) buy - <br />in maturing in 2036 and 2048, respectively; 2021 electric bond and 2021 water bond for <br />the new field services building maturing in 2051 and 2041, respectively. <br />• The accounting department has been busy preparing for the 2023 annual audit. Our <br />auditors from Abdo will be completing the audit field work on February 22-23. <br />• Training for implementation of the new General Ledger Financial Statement Reporting <br />tool within NISC iVUE Financials has been scheduled for March 6 and 13. <br />• We have received a lot of our annual surveys that will be completed in the upcoming <br />months. <br />Page 1 of 1 <br />157 <br />