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The revenue &expense breakdown showed that 93%of revenue and 92%of expenses are <br /> from the electric department,while 7% revenue and 8%expenses came from the water <br /> department. <br /> Year-to-date actuals combining electric and water were favorable with a cumulative <br /> actual balance of$993,000 compared to the budgeted loss of$266,000. <br /> Most accounts receivable balances were current, having only 3%at over 90 days, and <br /> those consisting mainly of inactive accounts. <br /> Electric usage was up 5%over last year, presumed by staff to be attributable to higher <br /> temperatures. <br /> Year-to-date water usage was 11% higher than last year. <br /> Administrative expenses were up 10%from last year, with a large increase over prior year <br /> coming from changes in sick pay accrual per new GASB laws that require 100%accrual as <br /> opposed to 50% previously. <br /> In response to Chair Dietz's question about the increase to Connection Fees, Mr. Ninow <br /> noted there were large projects at Spectrum High School and a new tire shop. <br /> Moved by Commissioner Larson-Vito and seconded by Commissioner Stewart to receive <br /> the June 2025 Financial Report. Motion carried 3-0. <br /> 5.2 2026 Annual Business Plan:Travel and Training; Dues,Subscriptions-Fees Budget <br /> Ms. Karpinski presented this portion of the business plan which is to be approved in its <br /> entirety by the Commission in December. <br /> The Travel &Training budget proposed a 2%decrease from last year with additional <br /> leadership, IT, and customer services trainings planned. <br /> The Dues &Subscriptions budget overall has a 15% increase largely due to planned bonding <br /> for new water infrastructure in 2026,the siting of which will be the subject of a feasibility <br /> report. <br /> 5.3 2025 National Energy Foundation Report <br /> Mr. Mauren presented his memo on the National Energy Foundation report, recapping the <br /> energy and water conservation presentation and energy saving kits provided to fourth <br /> graders in ERMU's service territory during the spring of 2025. <br /> • Elk River Municipal Utilities Commission Meeting Minutes <br /> August 12,2025 <br /> Page 3 <br />