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______________________________________________________________________________ <br /> <br />Page 1 of 1 <br /> <br /> <br /> <br /> <br /> <br />UTILITIES COMMISSION MEETING <br /> <br />TO: <br />ERMU Commission <br />FROM: <br />Melissa Karpinski – Finance Manager <br />MEETING DATE: <br />August 10, 2021 <br />AGENDA ITEM NUMBER: <br />6.1c <br />SUBJECT: <br />Staff Update <br />ACTION REQUESTED: <br />None <br /> <br />DISCUSSION: <br />• Bi-annual bond payments, due August 2 and totaling $501,462, have been paid. The <br />bond payments due were a water bond that will mature in 2022; one refunding of <br />electric bonds that will mature in 2022; the bonds from 2016 and 2018 for our <br />Minnesota Municipal Power Agency (MMPA) buy-in maturing in 2036 and 2048, <br />respectively; and a share in the bond with the City for our office buildings that will <br />mature in 2023. <br /> <br />• The general manager and I met via Zoom with our auditors from Adbo, Eick & Meyers <br />for our annual listening call, where we discuss how the past audit went and any needs <br />that we may have in the coming year. <br /> <br />• Continued work on reporting information for arbitrage compliance with the 2016A and <br />2016B bonds. <br /> <br /> <br /> <br /> <br /> <br /> <br />91