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The budgeted Payment in Lieu of Taxes (PILOT) amount for 2022 is $1.666million. The <br />PILOT is comprised of $1.436millionbased off4% ofthe City ofElk River sales <br />calculation, and $230,000indonated utilities and labor.This preliminary projection will <br />change when revenue is budgeted for next month. <br /> <br />2.Water Department Expense Budget – The 2022 budgetfor water expenses are a 6.2% <br />increase compared tothe current year budget. It is noteworthy that the 2021 forecast <br />for expenses are inline with budget. Most notable increases are expenses due tothe <br />addition of a new general manager for a partial year, maintenance of water mains and <br />bond interest expense. <br />3.Conservation Improvement Program Budget – The 2022 budget for CIP includes <br />$308,607 for rebates, an increase from 2021 of $3,857, as required to meet our energy <br />savings goal mandate. <br />ATTACHMENTS: <br />Preliminary 2022 Electric Expense Budget <br /> Preliminary 2022 Water Expense Budget <br /> 2022 Conservation Improvement Program Budget Summary <br /> 2022 Conservation Improvement Program Budget Detail <br />______________________________________________________________________________ <br />Page 2 of 2 <br />76 <br />