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Elk River <br />Municipal Utilities <br />13069 Orono Parkway • P.O. Box 430 <br />Elk River, MN 55330-0430 <br />November 12, 2009 <br />To: Elk River Municipal Utilities commission <br />John Dietz <br />Jerry Gumphrey <br />Daryl Thompson <br />From: Theresa Slominski <br />Re: Staff Update -Office <br />Phone: 763.441.2020 <br />Fax: 763.441.8099 <br />CAPEX analysis <br />Per commission request, an analysis is provided regarding the posting of items related to <br />CAPEX expenses for 2008 and 2009. Last year we were billed in the fourth quarter for <br />the entire year and it was a 102,000 year end entry posted in December 2008. This year <br />we are incurring the expense throughout the 3`d and 4th quarters. (For the 2009 budget, <br />we had anticipated that this would be a capitalized item as an intangible asset. We are <br />still not at that point in 2009 and so it will be an expense again this year.) A breakdown <br />of the posting is attached. <br />