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Water Department Expense Budget <br />As noted in October, the water rate analysis conducted in spring of 2010 established a cash <br />flow plan that results in the rates remaining unchanged for 2012. The 2012 forecast for water <br />sales is slightly down and the connections are slightly up. There is also the continued revenue <br />from the recent water tower antenna space leases. <br />Conservation Improvement Program (CIPI Budget <br />As noted in October, the state had mandated a change in CIP effective 2010 that now requires <br />there to be 1.5% energy reduction instead of spending a 1.5% of revenue on energy reduction. <br />This requirement of 1.5% energy reduction is not capped at a specific cost and it complicates <br />the process because energy reduction now needs to be quantified. Project Conserve continues <br />to be very important program in achieving ERMU's State mandated energy reduction. <br />ACTION REQUESTED: <br />No action required at this time. <br />ATTACHMENTS: <br />• Proposed Summary of 2012 Budgets <br />• Proposed 2012 Electric Revenue and Expense Budget <br />• Proposed 2012 Water Revenue and Expense Budget <br />• Proposed 2012 Electric Capital Budget <br />• Proposed 2012 Administration and Technical Services Capital Budgets <br />• Proposed 2012 Water Capital Budgets <br />• Proposed 2012 Training and Travel Budget <br />• Proposed 2012 Conservation Improvement Program Budget <br />