ERPUD has perfect audit for FY ’13

November 28, 2013
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Posted on Wednesday, November 27, 2013 at 1:47 pm

STAFF WRITER

kelly lapczynski

 

Elk River Public Utility District (ERPUD) remains in excellent financial shape, according to the perfect results of its fiscal year 2013 audit.

The Nashville accounting firm of Frazier Deeter reported to the board of commissioners in October that after a thorough inspection it had found “no issues” concerning the audit.

ERPUD’s net income for fiscal year 2013 was just over $1.2 million.

‘They came here and did their on-site work in August,” said Controller Rachel McKelvey.  “They were on-site for two weeks, but the work ends up being about three months.”

“It’s probably the first audit with no official recommendations,” said ERPUD general manager Mike Gundersen.

Typically, auditors do make recommendations.  Gundersen said it’s a testament to ERPUD’s commitment that the firm didn’t suggest any adjustments.

“Part of that is that we’re constantly working with them,” said Gundersen.  “If we have an issue or question we’ll call and say ‘hey, what do you think,’ so we’re constantly working to make sure everything is the way it ought to be.”

Frazier Deeter offers tax, assurance and accounting services in Atlanta, Alpharetta and Nashville.

“They are a first-class outfit,” said Gundersen.

Frazier Deeter’s subsidiary, FD Fund Administration, is headquartered in Philadelphia, Pennsylvania. All other Frazier Deeter companies are headquartered in Atlanta.

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Article source: http://www.tullahomanews.com/?p=20196

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