For financial planning and rate forecasting purposes, we produce an annual operating and capital budget. MISO's Board of Directors reviews and approvs this budget each year. We closely monitor financial performance throughout the year and revise financial forecasts based on the most current information available.
We prepare quarterly and annual financial statements in accordance with U.S. generally accepted accounting principles. The statements consistent of comparative Balance Sheets, Income Statements, Statements of Cash Flow, and Notes to Financial Statements. Financial statements are audited on an annual basis.