5.3. ERMUSR 10-11-2004 Elk River
Municipal Utilities
13069 Orono Parkway phone: 763.441.2020
Elk River, MN 55330 Fax 763.441.8099
October 4, 2004
To: Elk River Municipal Utilities Commission
Jerry Takle
Jim Tralle
John Dietz
From: Bryan Adams
Subject: Proposed 2005 Expense Budgets
Attached for your review, are the proposed 2005 electric and water expense budgets. The
important assumptions for each budget are as follows.
Water
Water Sales growth... 5%
WAC Fees-increase from... $360,000 to $390,000
Unit WAC fee remains unchanged at... $1500/unit
Water Rate Increase... 8.8%
1st Step raised from... $1.25/unit to $1.30/unit
2nd Step raised from... $2.00/unit to $2.50/unit
Expense budget increase from last year... 43%
The majority of this increase is in depreciation and interest for
bonds. Without these items the increase would be 22%.
Electric
Electric Sales Increase... 5.5%
Connect fees... $300,000 to $350,000
Connect unit fees... Same as last year
Rate Increase... $270,000 or 1.92%
Expense budget increase w/o
purchase power costs 6.77%
Transfer to City in Cash & Services $666,857
or 5.13% of Elk River Sales Revenue
2005 SUMMARY BUDGET WITH 2004
COMPARISONS
WATER 2004 2005
BUDGET BUDGET
UNIT SALES - GALLONS 650,000,000 180,087,092
REVENUE
OPERATING REVENUE
WATER SALES 1,137,369 1,443,534
WAC FEES 360,000 390,000
METER/CONNECTIONS 42,500 50,000
TOTAL OPERATING REVENUE 1,539,869 1,883,534
OTHER OF DAYTON
INTEREST/DIVIDENT/MISC INCOME 15,000 15,000
CUSTOMER PENALTIES 7,600 7,800
TOTAL OPERATING REVENUE 22,600 22,800
REVENUE TOTAL 1,562,469 1,906,334
EXPENSE
PUMPING 212,394 258,818
DISTRIBUTION 127,174 142,400
DEPRECIATION 310,000 600,000
INTEREST 243,804 306,917
OTHER OPERATING & MTCE 18,163 20,092
CUSTOMER ACCOUNTS 32,867 40,744
ADMINISTRATIVE/GENERAL 194,563 260,134
TOTAL EXPENSE 1,138,965 1,629,105
TOTAL REVENUES 1,562,469 1,906,334
TOTAL EXPENSES 1,138,965 1,629,105
NET INCOME PROFIT(LOSS) 423,504 277,229
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2005 SUMMARY BUDGET WITH 2004
COMPARISONS
ELECTRIC 2004 2005
BUDGET BUDGET
UNIT SALES - KWH 170,127,535 180,087,092
REVENUE
OPERATING REVENUE
ELK RIVER 10,991,656 12,420,517
ELK RIVER-CITY DONATED 72,000 108,102
OTSEGO 892,415 969,981
RURAL BIG LAKE 203,313 246,732
DAYTON 145,598 147,611
PUBLIC ST& HWY LIGHTING 161,090 174,678
TOTAL OPERATING REVENUE 12,466,072 14,067,621
CIP 32,500 20,000
RATE INCREASE 639,000 250,000
13,137,572 14,337,621
OTHER OPERATING REVENUE
INTEREST/DIVIDEND INCOME 9,000 5,000
CUSTOMER PENALTIES 102,732 115,212
CONNECTIONS 300,000 350,000
MISCELLANEOUS REVENUE 64,725 59,909
GENERATION CREDIT 341,880 343,992
LANDFILL GAS PROJECT 656,696 700,000
TOTAL OTHER REVENUE 1,475,033 1,574,113
REVENUE TOTAL 14,612,605 15,911,734
EXPENSE
OPERATING & MTCE PURCHASED POWER 8,747,862 9,482,784
LFG FUEL 89,878 89,009
OTHER OPERATING & MTCE 192,746 239,985
LFG 233,822 258,000
DISTRIBUTION 186,010 187,000
MAINTENANCE 587,142 607,726
DEPRECIATION 1,130,000 1,130,000
INTEREST 21,453 109,522
OTHER OPERATING & MTCE 32,132 32,132
SERVICES TO THE CITY 290,000 295,000
CUSTOMER ACCOUNTS 116,500 126,000
ADMINISTRATIVE & GENERAL 1,342,754 1,443,413
TOTAL (BEFORE OPERATING TRANSFER 12,970,299 14,000,571
TOTAL REVENUES 14,612,605 15,911,734
TOTAL EXPENSES 12,970,299 14,000,571
OPERATING TRANSFER TO CITY 329,750 371,857
NET INCOME PROFIT(LOSS) 1,312,556 1,539,306
Sheet12005BUDGETSUMMARY
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