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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 12, 2023 5.2 <br />SUBJECT: <br />2024 Annual Business Plan: Capital Projects and Equipment Purchases and Capital 20-Year <br />Projections <br />ACTION REQUESTED: <br />No action is required. <br />DISCUSSION: <br />In preparation for budget submittal in November, staff continues to work through the 2024 <br />budget process. The first draft of the capital budget portion of the 2024 budget has been <br />completed for commission review. The capital budget may change as the complete 2024 <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 thetimeline projections for 20 <br />years.Non-capital noteworthy items (expenses) are shown separatelyfrom the capital budgets <br />at the bottom. The Conservation Improvement Plan (CIP) budget is not included this month and <br />will be presented during the October commission meeting. <br /> <br />The following information is included for your review of the capital budgets: <br />1. Electric Department 2024 Capital Budget – Includes large non-recurring capital <br />construction projects, recurring capital construction projects and asset preservation, <br />and capital equipment purchases. Notable items for 2024 include Advanced Metering <br />Infrastructure (AMI) which is a multi-year project estimated to be completed in 2025, <br />electric service territory acquisition loss of revenue payments, data center feeder and <br />additional/unidentified feeders, Dayton rebuild (multi-year project estimated to be <br />completed in 2028, and partially funded through the Infrastructure Investment and Jobs <br />Act grant), Highway 169 Redefine project (multi-year project wrapping up in 2024), <br />replacing digger truck #9, and replacing pickup truck #13. <br />2. Electric Department Capital 20-Year Projections – Highlights anticipated large non- <br />recurring capital construction projects, recurring capital construction projects, and asset <br />preservation projects through 2044. <br />3. Water Department 2024 Capital Budget – Includes large non-recurring capital <br />construction projects, recurring capital construction projects and asset preservation, <br />and capital equipment purchases. Notable items for 2024 include AMI (multi-year <br />project estimated to be completed in 2025) and replacement of existing water main at <br />Upland Avenue and Meadowvale Road. <br />______________________________________________________________________________ <br />Page 1 of 2 <br />75 <br />