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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 />August 13, 2024 <br />6.1c <br />SUBJECT: <br />Staff Update <br />ACTION REQUESTED: <br />None <br />DISCUSSION: <br />• Bi-annual bond payments due August 1 have been paid totaling $961,778.13. The bond <br />payments due were the bonds from 2016 and 2018 for our Minnesota Municipal Power <br />Agency buy -in maturing in 2036 and 2048, respectively; and 2021 electric bond and <br />2021 water bond for the new field services building maturing in 2051 and 2041, <br />respectively. <br />• First Bank of Elk River was on -site August 6 to conduct annual ACH training. <br />Staff met with Abdo on August 7 for our annual listening call. During this call we discuss <br />how the prior audit went and current happenings at the utility. <br />• Staff is compiling 2025 budget information. <br />Page 1 of 1 <br />103 <br />