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Page 4 <br />Regular meeting of the Elk River Municipal Utilities Commission <br />May 10, 2007 <br />6.4 Review Cash Flow Proiections <br />At the last commission meeting, our auditors presented the results of their annual utility <br />audit. They recommended staff continue the cash flow studies which project future revenues <br />and expenses to ensure the utilities have adequate financial resources to carry on business. <br />The Springstad cash flow studies for both the electric and water departments were reviewed. <br />The result of this study is consistent with past studies, and our cash reserves continue to rise <br />with time for both departments. If this trend is correct, the utilities will be able to start funding <br />from cash reserves for some of our large projects instead of bonding. <br />Other Business <br />There was no other business. <br />The next regularly scheduled meeting of the Elk River Municipal Utilities Commission <br />will be Tuesday, June 12, 2007. <br />President Jerry Takle adjourned the regular meeting of the Elk River Municipal Utilities <br />Commission at 4:35 p.m. <br />ectful su 'tted, <br />~. <br />Judy McS dden <br />Recording Clerk <br />