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<br />Page 2 <br />Regular meeting ofthe Elk River Municipal Utilities Commission <br />November 14, 2006 <br /> <br />Glenn Sundeen reported on the current projects. The rebuild on County Road 33 is still in <br />progress. The cable is in place for the Otsego rebuild and staff is currently working on the <br />conversion process. Station 14 - Bank 2 is operational and on line, and staff is also working <br />on the additional feeder for western Elk River. <br />Troy Adams is busy updating the maps books due to the numerous projects and rebuilds <br />completed this year. <br />Theresa Slominski reported that the Web site for Elk River Municipal Utilities is now live <br />and can be found at: www.elkriverutilities.com. First National Bank now has a web site <br />based program that will alleviate additional software requirements on our end for ACH file <br />transfers, and offers more secure protection of information. The Health Fair will be on <br />Thursday for all employees to attend. Theresa also informed the Commission of the letter <br />received from the auditing company and the changes they were implementing in the auditing <br />process. <br />Lori Johnson informed the Commission that the garbage rates will not be changing until <br />2008. The new sewer rate will be implemented in April of2007 and the new sewer <br />connection fee was approved. <br /> <br />5.2 Review Wholesale Electric Rate <br />Great River Energy's preliminary wholesale electric rates for 2007 were reviewed. <br />GRE's overall rate increase is 4.8%, Elk River Municipal Utilities costs increase is actually <br />5.61 % due to load factor and the end of the 5% option rate. The rate change is as follows: <br /> <br />Existing Proposed <br />Summer Demand $19.97/ kw $18.75/ kw <br />Spring / Fall Demand $ 8.51/ kw $ 8.25/ kw <br />Winter Demand $12.33/kw $11.75/kw <br />Energy $.02682/ kwh $.03006/ kwh <br />Growth Demand $12.10/kw $11.98/kw <br />5% Option Demand $ 6.81 / kw Expired <br />5% Option Energy $.02797 / kwh Expired <br />There will be approximately $143,000 difference between budgeted and projected amounts. <br /> <br />5.3 Review Electric & Water Financial Projections <br />Twice annually the electric and financial projections are updated to ensure the necessary <br />financial resources are available in the future. The electric and water projections reflecting the <br />2007 budget assumptions were reviewed. <br /> <br />5.4 Review & Consider 2007 Electric & Water Bud2:et <br />The proposed 2007 Elk River Municipal Utilities budget was reviewed. Some changes <br />were made to the preliminary budget. Discussion followed regarding the changes and <br />decreasing rates. John Dietz would like to see a reduction in rates for the demand customers. <br />