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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 8, 2023 <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 1 and totaling $956,278.13 have been paid. The <br />payments due were for bonds from 2016 and 2018 for our Minnesota Municipal Power <br />Agency (MMPA) buy-in, maturing in 2036 and 2048, respectively; and 2021 electric and <br />water bonds for the new field services building, maturing in 2051 and 2041, <br />respectively. <br /> <br />• The accounting department is continuing to test benefit enrollment in iVUE Connect <br />Financials. <br /> <br />• The accounting department is testing the expense functionality within iVUE Connect <br />Financials, formerly known as Accounting Business Solutions Financials. <br /> <br />• The general manager, administrations director, and I attended an American Public <br />Power Association webinar on basic cost of service and key financial targets. This will be <br />useful information going into the budget season and transitioning to Advanced Metering <br />Infrastructure. <br /> <br />• Staff is compiling 2023 budget information. <br />93