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The budgeted Payment in Lieu of Taxes (PILOT) amount for 2020 is$1.5 million, based <br /> upon the recalculation to include recently acquired territory customers.The PILOT is <br /> comprised of$1.36 million with the 4%of Elk River City's sales calculation, and $218,000 <br /> in donated utilities and labor. This increase is reflected in the preliminary budget; <br /> however,this change in policy has not been approved at the time of publication of these <br /> materials. With consideration of all of the preliminary expense numbers, the proposed <br /> increase of$169,000 has a 0.45% impact to the preliminary overall electric department <br /> expense budget increase when including preliminary purchase power cost projections. <br /> 2. Water Department Expense Budget—The 2019 forecast for water expenses are a 5% <br /> increase over the current year budget. Most notable increases are on the administrative <br /> side for the website redesign, IT projects, and staff related expenses due to the <br /> reorganization, as noted above for electric. <br /> ATTACHMENTS: <br /> • Preliminary 2020 Electric Expense Budget <br /> • Preliminary 2020 Water Expense Budget <br /> Page 2 of 2 <br /> 251 <br />