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Ji <br />Elk River "" <br />Municipal Utilities <br />13069 Orono Parkway • P.O. Box 430 <br />Elk River, MN 55330-0430 <br />August 28, 2007 <br />To: Elk River Municipal Utilities Commission <br />Jerry Takle <br />Jerry Gumphrey <br />Jim Tralle <br />From: Bryan Adams <br />Subject: 2008 Capital Budget <br />Phone: 763.441.2020 <br />Fax: 763.441.8099 <br />Staff continues to work on the budget process. Attached for your review is our first cut at <br />the capital budget for 2008. As the total budget is put together and the rate changes and <br />cash flow becomes more definite, the capital budget will change. As in the past, the <br />capital budget has more needs then the finance can support. Large growth and increased <br />material costs continue to challenge us. In the electric area, we are seeing more need to <br />replace or rebuild existing areas due to its age and life expectancy. <br />Attached is the following information for your review: <br />1) Elk River Municipal Utilities Capital Budget Forecast - 2008 reflects proposed <br />capital projects with remaining years as projections. <br />2) Electric Department Capital Projects. <br />3) Electric Department Project Time Schedule. <br />4) Water Department, Electric Technologies, Locating & CAD and <br />Administrative Capital Projects. <br />This information will be covered in detail at our meeting. <br />