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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 8, 20205.2 <br />SUBJECT: <br />2021 Annual Business Plan: Capital Projects & Equipment Purchases, and 20-Year Capital <br />Projections <br />ACTION REQUESTED: <br />None <br />DISCUSSION: <br />In preparation for budget submittal in November, staff continues to work through the 2021 <br />budget process. The first draft of the capital budget portion of the 2021 budget has been <br />completed for commission review. The capital budget may change as the complete 2021 <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 the timeline 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 2021 are preparations (power plant <br />substation relocation, relocating feeders) and construction of the new field services <br />building, electric service territory acquisition costs, Highway 169 redefine project and <br />replacing digger truck #10 and bore rig #56. <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. The notable items for 2021 are the construction of <br />the new field services building, water main construction and SCADA equipment <br />upgrades. <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 />58 <br />