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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 12, 2024 <br />6.01c <br />SUBJECT: <br />Staff Update <br />ACTION REQUESTED: <br />None <br />DISCUSSION: <br />• Staff continues efforts compiling 2025 budget information. <br />• Workers' compensation policy audit is scheduled for November 6. <br />• The Financial Reserves & Investment Committee is having its annual meeting before the <br />November commission meeting. <br />• The auditors from Abdo will be performing preliminary audit work on December 5. <br />Typically, preliminary audit work involves Inventory observations, accounts payable <br />testing, and review of the year's meeting minutes. The 2024 audit field work is <br />scheduled for February 20-21. The audit will be completed utilizing either a hybrid <br />method or a fully remote method. <br />Page 1 of 1 <br />152 <br />