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Elk River <br /> Municipal Utilities <br /> 13069 Orono Parkway phone: 763.441.2020 <br /> Elk River, MN 55330 Fax 763.441.8099 <br /> October 4, 2004 <br /> To: Elk River Municipal Utilities Commission <br /> Jerry Takle <br /> Jim Tralle <br /> John Dietz <br /> From: Bryan Adams <br /> Subject: Proposed 2005 Expense Budgets <br /> Attached for your review, are the proposed 2005 electric and water expense budgets. The <br /> important assumptions for each budget are as follows. <br /> Water <br /> Water Sales growth... 5% <br /> WAC Fees-increase from... $360,000 to $390,000 <br /> Unit WAC fee remains unchanged at... $1500/unit <br /> Water Rate Increase... 8.8% <br /> 1st Step raised from... $1.25/unit to $1.30/unit <br /> 2nd Step raised from... $2.00/unit to $2.50/unit <br /> Expense budget increase from last year... 43% <br /> The majority of this increase is in depreciation and interest for <br /> bonds. Without these items the increase would be 22%. <br /> Electric <br /> Electric Sales Increase... 5.5% <br /> Connect fees... $300,000 to $350,000 <br /> Connect unit fees... Same as last year <br /> Rate Increase... $270,000 or 1.92% <br /> Expense budget increase w/o <br /> purchase power costs 6.77% <br /> Transfer to City in Cash & Services $666,857 <br /> or 5.13% of Elk River Sales Revenue <br />