4.2. SR 11-18-2002 - Laserfiche WebLink

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V-I~-ZO02 04:31PM FROM-ERMU 783-441-$0gg T-517 ELK RIVER MUNICIPAL UTILITIES REGULAR MEETING OF THE ELK RIVER MUNICIPAL UTILITIES COMMISSION November 12, 2002 P.001/004 F-ggz Members Present: James Tralle, President; John Dietz, Vice Chair; George Zabee, Trustee StaffPresent: Bryan Adams, General Manager; David Berg, Water Superintendent; Patricia Hemza, Office Manager 1. Call meeting_to order President James Tralle called the meeting to order at 4:00 PM on November 12, 2002, at the Environmental Learning Center located at the Landfill Gas Facility. 2. Consider Utilities A~enda John Dietz moved to approve the Utilities Agenda for November 12, 2002. George Zabee seconded the motion. Motion carried 3-0. John Dietz moved to approve the Consent Agenda as follows: October 2002 Check Register October 10, 2002 Minutes Financial Reports After a brief discussion of the reports, George Zabee seconded the motion. 3-0. Motion carried 5.1 Review and Consider Electric & Water Sprlngstad Cash Projections Bryan reviewed income statement projection spreadsheets, which are based upon the original Springstad water department statement. The use of the financial models projects the effects of growth rates and rate changes. The statements used for this application are based on the 2003 budget assumptions. John Diem questioned profit margins, and directed Staff to check out other Utilities. James Tralle asked if the Utilities should continue to pass on wholesale rare increases for power to the customers in order to further fund capital projects. The Commission and Staff agreed that it appears that the Electric and Water Departments can accommodate growth, and maintain acceptable cash balances.