Laserfiche WebLink
��i <br />Elk River <br />Municipal Utilities UTILITIES COMMISSION MEETING <br />TO: <br />FROM: <br />ERMU Commission <br />Melissa Karpinski — Finance Manager <br />MEETING DATE: <br />AGENDA ITEM NUMBER: <br />April 11, 2023 <br />4.1 <br />SUBJECT: <br />2022 Financial Audit <br />ACTION REQUESTED: <br />Receive and file the 2022 Annual <br />Financial Report <br />BACKGROUND: <br />Audit fieldwork was completed February 23 and 24 by our auditors, Abdo. Again, this year <br />Abdo completed and compiled the enclosed audit report and issued an opinion letter. Elk River <br />Municipal Utilities staff has reviewed for approval. <br />DISCUSSION: <br />Mr. Andrew Berg of Abdo will be at our meeting to present the 2022 audit and answer any <br />questions you may have. There were three audit adjustments resulting from General <br />Accounting Standards Board (GASB) reporting requirements related to Pensions and Leases. <br />These adjustments are provided by Abdo. These items are discussed in Note 2 and 3 of the <br />financials. <br />The attachments are watermarked as drafts pending Abdo's receipt of the employment <br />attorney letter. <br />FINANCIAL IMPACT: <br />None <br />ATTACHMENTS: <br />• Abdo Audit Presentation <br />• Abdo Management Communication <br />• ERMU Annual Financial Report for the Year Ended December 31, 2022 <br />Page 1 of 1 <br />61 <br />