5.1. ERMUSR 04-14-2009 - Laserfiche WebLink

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ABDO EICK & ®.r •~ ~ ~~i1,7 LLP Certified Public Accountants & Consultants 5201 Eden Avenue Suite 370 Edina, MN 55436 REPORT ON MINNESOTA LEGAL COMPLIANCE Public Utilities Commission Elk River Municipal Utilities Elk River, Minnesota We have audited the fmancial statements of the Elk River Municipal Utilities (the Utilities) as of and for the years ended December 31, 2008 and 2007, and have issued our report thereon dated Apri19, 2009. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the provisions of the Minnesota Legal Compliance Audit Guide for Local Government, promulgated by the Minnesota Office of the State Auditor pursuant to Minnesota statute, section 6.65. Accordingly, the audit included such tests of the accounting records and such other auditing procedures, as we considered necessary in the circumstances. The Minnesota Legal Compliance Audit Guide for Local Government covers six main categories of compliance to be tested: contracting and bidding, deposits and investments, conflicts of interest, public indebtedness, claims and disbursements and miscellaneous provisions. Our study included all of the listed categories. The results of our tests indicate that for the items tested, the Utilities complied with the material terms and conditions of applicable legal provisions in 2008 except as noted in the schedule of fmdings and responses as fmding 2008-2. This report is intended solely for the information and use of the Public Utilities Commission, City Council, management and the Office of the State Auditor and is not intended to be and should not be used by anyone other than these specified parties. Apri19, 2009 Minneapolis, Minnesota C~~~~ ~ ~~ ~ ~~~~ ~ ~-~ ~~ ABDO, EICK & MEYERS, LLP Certified Public Accountants -39- 952.835.9090 Fax 952.835.3261 www.aemcpas.com