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UTILITIES COMMISSION MEETING <br />TO:FROM: <br />ERMU Commission Melissa Karpinski –Finance Manager <br />MEETING DATE: AGENDA ITEM NUMBER: <br />September 14, 2021 5.2 <br />SUBJECT: <br />2022 Annual Business Plan: Capital Projects and Equipment Purchases and 20-Year Capital <br />Projections <br />ACTION REQUESTED: <br />No action is required. <br />DISCUSSION: <br />In preparation for budget submittal in November, staff continues to work through the 2022 <br />budget process. The first draft of the capital budget portion of the 2022 budget has been <br />completed for commission review. The capital budget may change as the complete 2022 <br />budget is assembled, when more information on project timing is available, when the rates <br />change, and once cash flow becomes more definite. Included are thetimeline projections for 20 <br />years.Non-capital noteworthy items (expenses) have been removed from the main body of the <br />20-year projections and are now shown separately at the bottom. The Conservation <br />Improvement Plan (CIP) budget is not included this month and will be presented during the <br />October commission meeting. <br /> <br />The following information is included for your review of the capital budgets: <br />1. Electric Department Capital Budget – This includes large non-recurring capital <br />construction projects, recurring capital construction projects and asset preservation, <br />and capital equipment purchases. Notable items for 2022 include Highway 10 <br />Substation design and construction, electric service territory acquisition costs, Highway <br />169 Redefine project, Advanced Metering Infrastructure (AMI), replacing bucket truck <br />#4 and dump truck #7, and purchasing a new bobcat. <br />2. Electric Department Projects for 20-year Projection – This highlights large non-recurring <br />capital construction projects, recurring capital construction projects, and asset <br />preservation. <br />3. Water Department Capital Budget – This includes large non-recurring capital <br />construction projects, recurring capital construction projects and asset preservation, <br />and capital equipment purchases. Notable items for 2022 include Highway 169 Redefine <br />project, AMI, and replacing truck #32. <br />4. Water Department Projects for 20-year Projection – This highlights large non-recurring <br />capital construction projects, recurring capital construction projects, and asset <br />preservation. <br />______________________________________________________________________________ <br />Page 1 of 2 <br />65 <br />