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Elk River <br /> Municipal Utilities UTILITIES COMMISSION MEETING <br /> TO: FROM: <br /> ERMU Commission Theresa Slominski—Finance & Office Manager <br /> MEETING DATE: AGENDA ITEM NUMBER: <br /> September 12,2017 5.3 <br /> SUBJECT: <br /> 2018 Business Plan/Budget: 10-Year Capital Project Projections, Capital Purchases and <br /> Equipment, and the Conservation Improvement Program <br /> ACTION REQUESTED: <br /> None <br /> BACKGROUND: <br /> In preparation for submittal in November, staff continues to work through the 2018 budget <br /> process. The first cut of the capital budget portion of the 2018 budget has been completed for <br /> commission review. The capital budget may change as the complete 2018 budget is assembled <br /> and when the wholesale power costs, rate changes, and cash flow become more definite. <br /> DISCUSSION: <br /> The following information is submitted for your review: <br /> 1. Electric Department Capital Budget—This includes large non-recurring capital <br /> construction projects, recurring capital construction projects and asset preservation, and <br /> capital equipment purchases.Notable items for 2018 are Territory Acquisition costs, <br /> replacing bucket truck#21, a new trailer, and construction/renovation prep for the field <br /> services facilities. <br /> 2. Electric Department Projects Time Schedule 10-year Projection—This highlights large <br /> non-recurring capital construction projects, recurring capital construction projects, and <br /> asset preservation. <br /> 3. Water Department Capital Budget—This includes large non-recurring capital <br /> construction projects, recurring capital construction projects and asset preservation, and <br /> capital equipment purchases.Notable items for 2018 are the MNDot Project,the filter for <br /> well#5,well#9 rehabilitation, and construction/renovation prep of the field services <br /> facilities. <br /> 4. Water Department Project Time Schedule—This highlights large non-recurring capital <br /> construction projects, recurring capital construction projects, and asset preservation. <br /> 5. Technology Services and Administrative Capital Budgets—This includes capital <br /> equipment purchases as well as some noteworthy non-recurring expenses. <br /> Page 1 of 2 <br /> 76 <br />