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______________________________________________________________________________ <br /> <br />Page 1 of 2 <br /> <br /> <br /> <br /> <br /> <br />UTILITIES COMMISSION MEETING <br /> <br />TO: <br />ERMU Commission <br />FROM: <br />Melissa Karpinski – Finance Manager <br />MEETING DATE: <br />September 13, 2022 <br />AGENDA ITEM NUMBER: <br />5.3 <br />SUBJECT: <br />2023 Annual Business Plan: Capital Projects and Equipment Purchases and 20-Year Capital <br />Projections <br />ACTION REQUESTED: <br />No action is required. <br /> <br />DISCUSSION: <br />In preparation for budget submittal in November, staff continues to work through the 2023 <br />budget process. The first draft of the capital budget portion of the 2023 budget has been <br />completed for commission review. The capital budget may change as the complete 2023 <br />budget is assembled, when more information on project timing is available, when the rates <br />change, and once cash flow becomes more definite. Included are the timeline projections for 20 <br />years. Non-capital noteworthy items (expenses) are shown separately from the capital budgets <br />at the bottom. The Conservation Improvement Plan (CIP) budget is not included this month and <br />will be presented during the October commission meeting. <br /> <br />The following information is included for your review of the capital budgets: <br />1. Electric Department Capital Budget – This includes large non-recurring capital <br />construction projects, recurring capital construction projects and asset preservation, <br />and capital equipment purchases. Notable items for 2023 include Advanced Metering <br />Infrastructure (AMI), electric service territory acquisition costs, Data Center Feeder, <br />additional feeders, Otsego transformer replacement, Highway 169 Redefine project, <br />replacing bucket truck #4, replacing vactron #50, and replacing truck #20. <br />2. Electric Department Projects for 20-year Projection – This highlights large non-recurring <br />capital construction projects, recurring capital construction projects, and asset <br />preservation. <br />3. Water Department Capital Budget – This includes large non-recurring capital <br />construction projects, recurring capital construction projects and asset preservation, <br />and capital equipment purchases. Notable items for 2023 include AMI, Schoolview <br />watermain construction and replacing truck #3. <br />4. Water Department Projects for 20-year Projection – This highlights large non-recurring <br />capital construction projects, recurring capital construction projects, and asset <br />preservation. <br />5. Technical Services and Administrative Capital Budgets – This includes capital projects <br />and capital equipment purchases. Notable items for 2023 include fiber extension <br />85