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3 <br /> 6 <br /> Elk River <br /> *- <br /> Municipal Utilities UTILITIES COMMISSION MEETING <br /> TO: FROM: <br /> Elk River Municipal Utilities Commission Troy Adams, P.E. —General Manager <br /> John Dietz—Chair <br /> Al Nadeau—Vice Chair <br /> Daryl Thompson—Trustee <br /> MEETING DATE: AGENDA ITEM NUMBER: <br /> September 9, 2014 5.3 <br /> SUBJECT: <br /> 2015 Budget: 10-Year Capital Project Projections, Capital Purchases and Equipment, and the <br /> Conservation Improvement Program <br /> BACKGROUND: <br /> In preparation for submittal in November, staff continues to work through the 2015 budget <br /> process. The first cut of the capital budget portion of the 2015 budget has been completed for <br /> commission review. The capital budget may change as the complete 2015 budget is assembled <br /> and when the wholesale power costs, rate changes, and cash flow become more definite. <br /> DISCUSSION: <br /> The following information is submitted for your review: <br /> 1. Electric Department Capital Budget—This includes large non-recurring capital <br /> construction projects, recurring capital construction projects and asset preservation, and <br /> capital equipment purchases. Notable items for 2014 are a new feeder to the Courthouse, <br /> replacing a bucket truck, and upgrading the bore rig. The Admin and Tech share of the <br /> budgets is a larger item again this year with the new software costs and the Landfill <br /> expansion project. <br /> 2. Electric Department Projects Time Schedule 10-year Projection—This highlights large <br /> non-recurring capital construction projects,recurring capital construction projects, and <br /> asset preservation. <br /> 3. Water Department Capital Budget—This includes large non-recurring capital <br /> construction projects, recurring capital construction projects and asset preservation, and <br /> capital equipment purchases. Notable items for 2014 are Gary Street Water Tower paint <br /> update, facility improvements and replacing a pickup truck. The Admin and Tech share <br /> of the budgets is a larger item again this year with the new software costs. <br /> PONEREO BY <br /> Page 1 of 2 NATURE <br /> Reliable Public <br /> Power Provider P O W E R E D T O S e <br /> 43 <br />