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4r,;.Z, <br />Elk Riv <br />Municipal Utilities <br />UTILITIES COMMISSION MEETING <br />TO: <br />FROM: <br />ERMU Commission <br />Melissa Karpinski — Finance Manager <br />MEETING DATE: <br />AGENDA ITEM NUMBER: <br />August 12, 2025 <br />5.2 <br />SUBJECT: <br />2026 Annual Business Plan: Travel & Training Budget; Dues & Subscriptions - Fees Budget <br />ACTION REQUESTED: <br />No action is required. <br />DISCUSSION: <br />The 2026 budgeting process has begun. Per the 2025 Governance Agenda the budgeting <br />process schedule is as follows: <br />August Meeting: Travel & Training <br />Dues & Subscriptions - Fees <br />September Meeting: 20 Year Capital Projections <br />Capital Projections <br />October Meeting: Projected Purchased Power Costs <br />Projected Expenses <br />Conservation Improvement Program <br />November Meeting: Completed Budget with Rate Analysis <br />Projected Sales Revenues <br />December Meeting: Adopt Budget with Rate changes (if any) <br />FINANCIAL IMPACT: <br />The Travel & Training budget has a 2% decrease compared to the prior year. Proposed additions <br />for 2026 are as follows: <br />• MMUA DUEL (new leadership program) <br />• Additional IT training/conference <br />• Additional customer service training <br />The Dues & Subscriptions - Fees budget has a 15% increase over the prior year. The largest <br />increase is due to bonding expenses for water and increased MDH safe drinking water fees. <br />Excluding the bonding expenses the budget has a 5% increase over the prior year. All other <br />increases are immaterial in nature. <br />Page 1of2 <br />95 <br />