5.3 ERMUSR 08-13-2019 - Laserfiche WebLink

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Elk River Municipal Utilities UTILITIES COMMISSION MEETING TO: FROM: ERMU Commission Theresa Slominski — Finance & Office Man MEETING DATE: AGENDA ITEM NUMBER: August 13, 2019 5.3 SUBJECT: r 2020 Annual Business Plan: Schedule; Travel and Training; Dues, Subscriptions, and Fees Budget ACTION REQUESTED: No action is required. DISCUSSION: Staff has begun the 2020 budgeting process. The budgeting process schedule is as follows: August Meeting: Travel and Training Dues, Subscriptions, and Fees September Meeting: 20 Year Capital Projections Capital Projections Conservation Improvement Program October Meeting: Projected Purchased Power Costs Projected Sales Revenues Projected Expenses November Meeting: Completed Budget with Rate Analysis December Meeting: Adopt Budget with Rate changes (if any) FINANCIAL IMPACT: The Travel and Training Budget is a 19% increase from the prior year. This increase is a result of growth in size of the organization with new employees, and in participation with American Public Power Association (APPA). Some of the proposed key items are as follows: • Additional training in all departments that was identified as a need in our Organizational Effectiveness Survey: $6,750 (distributed among all departments) • Increased participation at the APPA rodeo for two teams rather than one: $3,400 • An additional staff person attending the APPA Legislative Round -up: $1,458 • A commissioner to attend the APPA National Conference for both the pre -conference and the regular conference: $3,050 • An additional meeting for RP3 participation: $2,500 • Additional training for the new OT and Human Resources positions: $5,250 Page 1 of 2 . •