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______________________________________________________________________________ <br /> <br />Page 1 of 2 <br /> <br /> <br /> <br /> <br /> <br />UTILITIES COMMISSION MEETING <br /> <br />TO: <br />ERMU Commission <br />FROM: <br />Melissa Karpinski – Finance Manager <br />MEETING DATE: <br />August 8, 2023 <br />AGENDA ITEM NUMBER: <br />5.3 <br />SUBJECT: <br />2024 Annual Business Plan: Travel & Training Budget; Dues & Subscriptions - Fees Budget <br />ACTION REQUESTED: <br />None <br /> <br />DISCUSSION: <br />The 2024 budgeting process has begun. Per the 2023 Governance Agenda, the budgeting <br />process schedule is as follows: <br /> August Meeting: Travel & Training <br /> Dues & Subscriptions - Fees <br /> <br /> September Meeting: 20 Year Capital Projections <br /> Capital Projections <br /> Conservation Improvement Program <br /> <br /> October Meeting: Projected Purchased Power Costs <br /> Projected Sales Revenues <br /> Projected Expenses <br /> <br /> November Meeting: Completed Budget with Rate Analysis <br /> <br /> December Meeting: Adopt Budget with Rate changes (if any) <br /> <br />FINANCIAL IMPACT: <br />The Travel & Training budget has a 5% increase over the prior year. The increase is mainly due <br />to adding additional commissioner participation in American Public Power Association’s (APPA) <br />National Conference and Legislative Round-up, Advanced Metering Infrastructure (AMI) <br />training, and an increase in labor due to the annual wage adjustment (based off an estimated <br />4%). These proposed additions/increases are as follows: <br />• Additional APPA training (As discussed at the July commission meeting): $8,225. <br />• Xylem Reach Conference (AMI conference that will likely be attended for the next 4 to 5 <br />years): $5,300. <br /> <br />The Dues & Subscriptions - Fees budget has a 10% decrease over the prior year. The main <br />reason for the decrease is due to amounts being budgeted in 2023 for bonding. If bonding <br />82