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UTILITIES COMMISSION MEETING <br />TO:FROM: <br />ERMU Commission Theresa Slominski –General Manager <br />MEETING DATE: AGENDA ITEM NUMBER: <br />June 14, 2022 6.1a <br />SUBJECT: <br />Staff Update <br />ACTION REQUESTED: <br />None <br />DISCUSSION: <br /> The Minnesota Municipal Power Agency (MMPA) first quarter 2022 income statement <br />and balance sheet are attached. It is important to note that these financials have not <br />been audited. This is the same financial information that the Agency sends to data <br />repositories as part of its bond agreements and is public information. <br /> <br />You should have received the invites ofthe MMPA Annual Meetingfor Tuesday, July 26 <br />at the Anoka Greenhaven Golf Course. As mentioned last month, this meeting will be a <br />great opportunity for you to hear firsthand the long-term plans of the agency and get <br />comfortable with extending the Power Sales Agreements through December 31, 2060. I <br />encourage you to consider attending this event. <br /> <br /> We had a Zoom meeting with Baker Tilly to meet ERMU’s new municipal advisor, Paul <br />Steinman, as Terri Heaton will be retiring this summer and he will be taking on the <br />customers she previously worked with for bonding. <br /> <br /> The Managers will be meeting with Kent Myers on June 16 for a strategic planning <br />session. Kent is with Vision Companies and is also the consultant Minnesota Municipal <br />Utilities Association has contracted for the Leadership Academy program. <br /> <br /> <br />ATTACHMENTS: <br /> MMPA Unaudited Financials – Q1 2022 <br /> <br /> <br /> <br /> <br /> <br /> <br />______________________________________________________________________________ <br />Page 1 of 1 <br />156 <br />