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2.2 November 12,2013 Previous Meeting Minutes <br /> 2.3 Financial Statements <br /> 2.4 CAPX Brookings Project Allocation Increase <br /> 2.5 2014 Official Depository Designation <br /> 2.6 2014 Official Newspaper Designation <br /> 2.7 2014 Regular Utilities Commission Meeting Schedule <br /> Al Nadeau seconded the motion.Motion carried 3-0. <br /> 3.0 OPEN MIC <br /> No one appeared for open mic. <br /> 4.0 OLD BUSINESS <br /> 4.1 2014 Budget <br /> Troy Adams presented the 2014 Budget. He said that it is mainly a review from the last <br /> meeting. but there are a few things to point out. Per commission request,there are examples in <br /> the packet of how individual rates would affect customers. The biggest change in the electric <br /> department's budget is that staff was anticipating paying for two new engines for the landfill in <br /> 2014, however they had to be replaced in 2013 so the budget was changed to reflect that. The <br /> electric department rate increase is a blended 1.8%. <br /> The blended rate increase is 3.29%for a typical residential water customer. The main <br /> item that changed for the water department from the prior meeting is that there was money <br /> budgeted for some work on Well #4's filter. Staff now needs to do some maintenance at Well #7 <br /> so the money will be reallocated for that. <br /> John Dietz asked how customers are informed of the rate increases. Theresa Slominski <br /> said that we will put a bill message alerting customers of new rates and will put something in <br /> more detail on a bill stuffer. <br /> Troy Adams said the rollout of the new software happens to be right during the audit <br /> preparation. Staff asked the auditors if they would be willing to prepare the final audit for us <br /> given the bad timing. The auditors did not anticipate it being a large expense. This expense is not <br /> reflected in the budget. <br /> Theresa Slominski said that the electric department will be doing a bond refunding. Staff <br /> would also like it to end in 2018 instead of 2022. ERMU would be increasing the payment <br /> towards that bond over the next three years. Discussion followed. <br /> Al Nadeau made a motion to approve the 2014 Budget, Daryl Thompson seconded the <br /> motion. Motion carried 3-0. <br /> 5.0 NEW BUSINESS <br /> Page 2 <br /> Special meeting of the Elk River Municipal Utilities Commission <br /> December 17,2013 <br />