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• County Road 12 interconnection agreement with Connexus from reserves. <br />• Electric Service Territory acquisition loss of revenue for Areas 1&2, 3&4, 5&6, and 7&8 <br />from reserves. <br />*AMI project from either an inter -fund borrowing or bonding. <br />Water Budget and Rates <br />As discussed in November, we are proposing a 2% rate increase for 2023. <br />Notable items in the water budget for 2023 are: <br />• Up to a 3.25% wage adjustment for all pay plan groups. <br />• Conservative estimate for usage and growth. <br />• Increased Customer Accounts expense due to increased number of customer <br />satisfaction surveys. <br />• Administrative expense for administrations director for a full year, UPMIC distribution's <br />change in percentage, Travel and Training includes some additional expenses for the <br />new general manager. <br />• Replacement of Pickup Truck #3. <br />• Shared cost in the replacement for Vehicle #1 for administration and Pickup Truck #2 <br />and #32 for technical services. <br />• Water main construction from reserves. <br />• AMI project from reserves. <br />Summary <br />Submitted for approval is the 2023 Annual Business Plan which includes the 2023 Budget and <br />the 2023 Schedule of Rates & Fees. The 2023 fees were already approved by the Commission in <br />November and are being presented here unchanged. The adoption of the 2023 Schedule of <br />Rates & Fees through the adoption of the Annual Business Plan shall supersede and replace all <br />previously adopted tariffs, rates, and fees. <br />FINANCIAL IMPACT: <br />Notable items discussed above. As previously discussed, we are proposing a rate increase of 5% <br />for electric and 2% for water. <br />ATTACHMENTS: <br />• Proposed 2023 Annual Business Plan <br />o 2023 Budget <br />o 2023 Schedule of Rates & Fees <br />Page 2 of 2 <br />101 <br />