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4.Water Department Capital 20-Year Projections – Highlightsanticipatedlarge non- <br />recurring capital construction projects, recurring capital construction projects, and asset <br />preservationprojects through 2044. <br />5.TechnicalServices and Administrative Capital Budgets – Includescapital projects and <br />capital equipment purchases. Notable items for 2024 include a fiber loop (shared <br />project with ERMU, the City, and ISD 728) and several fiber extensions (from Highway <br />169 to North substation, Johnson Tower, and Auburn Tower). <br />6. Administration and Technical Services Departments Capital 20-Year Projections – <br />Highlights anticipated large non-recurring capital construction projects, recurring capital <br />construction projects, and asset preservation projects through 2044. <br /> <br />The utilities utilize a vehicle replacement evaluation system implemented with the City. <br />Additional information on vehicle evaluations is available upon request. <br /> <br />FINANCIAL IMPACT: <br />The 2024 Electric Department Capital Budget has increased compared to the prior year. The <br />main driver of the increase is the implementation of AMI and constructionof additional <br />feeders. As in years past, we will use reserves to pay for the territory expansion costs <br />(approximately $950,000 for 2024). We will also plan on using reserves to pay for some feeder <br />work and the County Road 12 interconnection agreement with Connexus. We also plan to do an <br />inter-fund loan from the water department to fund the electric portion of the AMI project. <br />Lastly, the Dayton rebuild project is expected to be partially (50%) funded by Infrastructure <br />Investment and Jobs Act grant money. <br /> <br />The 2024 Water Department Capital Budget is comparable to the prior year. We plan on using <br />reserves to pay for AMI and the water main construction. <br /> <br />In 2022, both the Electric Department and Water Department started a multi-year project <br />implementing AMI. $4,500,000 has been planned for 2024 between the two departments. <br /> <br />The Administration and Technical Services Departments Capital Budgets are comparable to the <br />prior year. These projects get allocated to the Electric and Water Departments and are shown <br />as separate lines on their capital budget. <br /> <br />ATTACHMENTS: <br /> 2024 Electric Department Capital Budget <br /> 2024 Electric Department Capital 20-Year Projections <br /> 2024 Water Department Capital Budget <br /> 2024 Water Department Capital 20-Year Projections <br /> 2024 Administration and Technical Services Departments Capital Budgets <br /> 2024 Administration and Technical Services Departments Capital 20-Year Projections <br />______________________________________________________________________________ <br />Page 2 of 2 <br />76 <br />