5.1. ERMUSR 04-13-2010 - Laserfiche WebLink

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,, :uEIc~~3rQ I?{li~l~, lFl ~f ,~+3~;36 REPORT ON MINNESOTA LEGAL COMPLIANCE Public Utilities Commission Elk River Municipal Utilities Elk River, Minnesota We have audited the financial statements of the Elk River Municipal Utilities ~tlae Utilities) as of and for the years ended December 31, 2DD9 and 2aQ8, and have issued our repo~•t thereon dated April ~, ZD1Q, 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 Nfinnesota Legal Compliance Audit Guide for Local Government covers seven main categories of compliance to be tested: contracting and bidding, deposits and investments, conflicts of h.~terest, public indebtedness, claims and disbursements, miscellaneous provisions and tax increment financing, 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, 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, f.~Jt.~m~,l~~ April 6, 2D 1 D Minneapolis, Minnesota ABDO, EICK ~ MEYERS, LLP Certr.' red Public Accountants 11'141~`.il{'lil{:[}i15.{',(?Ill "~~"