20230109INT to Staff Attachment - Response to No. 21_1220 SERP_PR OCI Recon Project Adj (002).pdf

Batch Review - Journal Entry Personal Form:(No Personalization)Query:All Records 
Row Form Tools
Batch Number 1829876 Model Percent Reverse
Doc Type/No/Co JE 22681 00048 G/L Date 12/31/2020
Explanation OCI Recon Project Adj Ledger Type A
Records 1 - 7 * Default
Account Number Amount Account
Description
Subledger
Type Subledger Subledger
Description Remark
48.2540.5000 9,586.56 Deferred Post Retirement IG Medicare P
48521.5196.29200 9,586.56- Admin. & General Sala Medicare P
48521.5196.29200 644,658.00 Admin. & General Sala PR Openin
48.2540.5000 644,658.00-Deferred Post Retirement IGC PR Openin
48521.5921.4262000 1,895,760.00 IGC SERP SERP Opein
48.2190.104 1,895,760.00- OCI SERP SERP Opein
Remaining Amount
Page 1 of 2Batch Review - Journal Entry
1 6 2021https://erpprod.mdu.com/jde/E1Client.mafService?jdemafjascacheUID=1298&jdemafjasLauncher=PSFT_TE_V3_SW&jdemafj ...
From:Dirk-Senn, Christy
To:Gyllenskog, Nicole; Anderson, Jessica; Dedden, Ted; Ogami, Niki
Cc:Delzer, Aimee; Bakke, Mike; Barth, Stephanie
Subject:FW: OCI Reconciliation Project
Date:Thursday, December 31, 2020 1:29:56 PM
Attachments:image001.pngimage001.png
Hi Team,

Please see Steph’s response below related to this balance; please reach out if you feel differently.

Thank you!

Christy Dirk-Senn, CPAFinancial Analyst
SEC & Financial Reporting
MDU Resources Group, Inc.
Phone: [phone]
Email: [e-mail]

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From: Barth, Stephanie <[e-mail]>
Sent: Thursday, December 31, 2020 10:41 AM
To: Dirk-Senn, Christy <[e-mail]>
Subject: Re: OCI Reconciliation Project

I am comfortable writing off that small balance!
On Dec 31, 2020, at 10:24 AM, Dirk-Senn, Christy <[e-mail]> wrote:

Hi Team,

I wanted to touch base with you on the on the IGC postretirement plan OCI variances. Please take a look at
the summary I put together below. You’ll notice that there is an opening balance error that’s causing the
majority of the variance. Once we take that into account as well as the Medicare Part D accrual from 2019,
there’s still a remaining variance of $7,562.56 on the plan that we’re not clear what it’s related to. Are you
comfortable with us writing this off along with the other Medicare Part D variance?

OCI per Actuary Report OCI per GL - Debit (Credit)Difference
IGC Postretirement Plan (1,066,694.00) (431,622.56)(635,071.44)
Opening Balance Sheet error: 644,658.00
OCI Variance Outside of Opening Balance Sheet Error: 9,586.56
Medicare Part D - 2019: (2,024.00)
Remaining OCI Variance: 7,562.56

Keep in mind that we have worked with our actuary, Principal, and we have implemented processes to
ensure that employer contributions used within the actuarial reports tie out to our general ledger and to
ensure that Medicare Part D subsidies are accounted for correctly within the actuarial reports going