Laserfiche WebLink
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 />11 <br />