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111 <br /> 16 <br /> Elk River ------ <br /> II <br /> --1 <br /> Municipal Utilities <br /> 13069 Orono Parkway phone: 763.441.2020 <br /> Elk River,MN 55330 Fax.763.441.8099 <br /> October 4, 2005 <br /> ' To: Elk River Municipal Utilities Commission <br /> Jerry Takle <br /> John Dietz <br /> ' Jim Tralle <br /> From: Bryan Adams <br /> ' Subject: Proposed 2006 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... 2.3% <br /> WAC Fees-increase from... $421,200 to $475,000 <br /> ' Unit WAC fee remains unchanged at... $1750/unit <br /> Water Rate Increase... 8.3% <br /> s` Step raised from... $1.30/unit to $1.35/unit <br /> II <br /> 2nd Step raised from... $2.50/unit to $3.00/unit <br /> Expense budget increase from last year... 24 <br /> ' Electric <br /> Electric Sales Increase... 7% <br /> ' Connect fees... $350,000 <br /> Connect unit fees... Same as last year <br /> Rate Increase... $253,000 or 1.7% <br /> ' Expense budget increase w/o <br /> purchase power costs 6.98% <br /> Transfer to City in Cash & Services $703,983 <br /> or 5.12% of Elk River Sales Revenue <br />