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~/ <br />Elk River <br />Municipal Utilities <br />13069 Orono Parkway • P.O. Box 430 <br />Elk River, MN 55330-0430 <br />July 25, 2007 <br />To: Elk River Municipal Utilities Commission <br />Jerry Takle <br />Jerry Gumphrey <br />Jim Tralle <br />From: Bryan Adams <br />Subject: 2008 Budget Process <br />Phone: 763.441.2020 <br />Fax: 763.441.8099 <br />Staff has started the process of assembling the year 2008 budgeting process. The proposed <br />schedule for the budgeting process is as follows. <br />August Meeting: Travel & Training <br />10 Year Personnel Projections <br />Conservation Improvement Program (CIP) <br />September Meeting: 10 Year Capital Projections <br />Year 2007 Capital Projections <br />October Meeting: Projected Purchased Power Costs <br />Projected Sales Revenues <br />Projected Expenses <br />November Meeting: Completed Budget with Rate Analysis <br />December Meeting: Adopt Budget with Rate changes, if any <br />Enclosed is the proposed Travel & Training, 10 Year Personnel Projections and CIP budget for <br />your review. <br />The travel and training budget reflects a modest $5200 increase. There is no increase in <br />personnel requested in 2008. We are anticipating one retirement in 2008 but cannot be certain. <br />We are starting to position ourselves to handle future retirements. <br />