11-26-2012 HUCMMINUTES
Special Meeting — Hutchinson Utilities Commission
Monday, November 26, 2012
Called to order at 12:05 p.m.
Members present: President Dwight Bordson; Vice President Craig Lenz; Secretary
Leon Johnson; Commissioner Monty Morrow; Commissioner Anthony Hanson; Attorney
Marc Sebora; General Manager Michael Kumm.
Guests: Jeremy Carter (City), Mayor Steve Cook, and Council Member Chad
Czmowski.
GM Kumm presented five -year financial forecasts and an overview of combined income
statements for both electric and natural gas. The current 2.75% PILOT (Payment in Lieu
of Taxes) of operating revenue was compared to a formula of 5% of operating revenue
and then 5% of retail revenue.
Discussion was held that the PILOT formula could include the following transfer items:
roadway lighting, tree planting, information technology, human resources and legal
services.
The Board will review the information GM Kumm presented and discuss in the next
regular commission Meeting.
Meeting adjourned at 1:18 p.m.
I_VINIM S
Dwight Bordson, President
Leon Johnson, Secretary
MINUTES
Special Meeting — Hutchinson Utilities Commission
Monday, November 26, 2012
Called to order at 12:05 p.m.
Members present: President Dwight Bordson; Vice President Craig Lenz; Secretary
Leon Johnson; Commissioner Monty Morrow; Commissioner Anthony Hanson; Attorney
Marc Sebora; General Manager Michael Kumm.
Guests: Jeremy Carter (City), Mayor Steve Cook, and Council Member Chad
Czmowski.
GM Kumm presented five -year financial forecasts and an overview of combined income
statements for both electric and natural gas. The current 2.75% PILOT (Payment in Lieu
of Taxes) of operating revenue was compared to a formula of 5% of operating revenue
and then 5% of retail revenue.
Discussion was held that the PILOT formula could include the following transfer items:
roadway lighting, tree planting, information technology, human resources and legal
services.
The Board will review the information GM Kumm presented and discuss in the next
regular commission Meeting.
Meeting adjourned at 1:18 p.m.
eon Johnson, Secretary
ATTEST: �J �7
wig Y ordson, President