July 26, 2023
The Sanborn Electric and Telecommunications Board met in regular session Wednesday,
July 26, 2023, at 12:00 p.m. at Sanborn City Hall. Board members present: Terry Boelter, Rick Maranell, and Josh Rydberg. Others present: Jim Zeutenhorst.
Motion Maranell, seconded by Rydberg to adopt the agenda. Motion carried 3-0.
Motion Maranell, seconded by Rydberg to approve the minutes of the June 28, 2023,
Board Meeting. Motion carried 3-0.
Motion Rydberg, seconded by Maranell to approve the following bills for payment:
Motion carried 3-0.
Bill List – Sanborn Municipal Light Plant
Meeting Date – 07-26-2023
GENERAL FUND:

• 610 Depot – (Hardware) Distribution maint., vehicle maint. $186.04
• 610 Depot – (NAPA) Vehicle maint., plant maint., distribution maint.
  $82.91
• Ahlers and Cooney, PC Legal services $225.00
• City of Sanborn City Hall bills split for June 2023 $5,314.75
• DGR Engineering Electric generation $110.00
• EFTPS – 941 FICA, Medicare & Federal taxes $7,047.00
• Iowa Department of Revenue Sales tax – June 2023 $7,568.93
• Iowa Department of Revenue State W/H – 2nd Quarter 2023
  $3,596.00
• Iowa State Bank H.S.A. contrib. by employees $200.00
• IPERS June wages $4,583.15
• Marcus News Publish Board minutes $94.45
• Missouri River Energy Purchased power $129,099.53
• Sanborn Daycare Donation
  $425.00
• Sanborn Municipal Utilities Utilities – warehouse, plant, substation
  $261.44
• Sanborn Savings Bank H.S.A. Contrib. by employees $800.00
• The Community Agency Phone/Internet/Cable $278.04
  *
  U.S. Postmaster
  Postage – utility bills
  $92.54
  *
  VanWert, Inc. Inventory – 24 meters $1,609.91
• Visa Meeting expenses, fuel
  $47.60
• WAPA Purchased power
  $26,173.52
• Wesco Inventory – replacement transformer for FCS $9,307.93
  197,103.74
  MISC.
• Meter Deposit Refunds One refund $245.00
  $245.00
  EMPLOYEE BENEFIT FUND:
• Aflac Aflac – June payroll deductions $296.90
• Delta Dental Dental Ins. August coverage $133.34
• Equitable Financial Life Insurance
  Life/AD&D, LTD/STD – August coverage $155.25
• Iowa State Bank HSA Contrib. for June $100.00
• Sanborn Savings Bank HSA Contrib. for June $317.00
• Wellmark Health Ins. August coverage $5,610.12
  $6,612.61
• Checks issued prior to meeting.
  TOTAL ALL FUNDS: $203,961.35
  Month Ending June 2023:
  Revenue: $241,651.13
  Expense: $231,915.54
  Motion Rydberg, seconded by Maranell to approve the following June 2023 reports:
  Financial Report, Purchased Power Report, and Sales and Revenue Report. Motion carried 3-0.
  Motion Maranell, seconded by Boelter to approve the Revolving Loan Committee’s recommendation to approve a $50,000.00 loan application for The Cut Meat Market, LLC.
  Abstain: Rydberg
  Motion carried 2-0
  Motion Maranell, seconded by Rydberg to allow General Manager Jim Zeutenhorst to sign any and all documentation to enter into an agreement with Missouri River Energy services for an Electric Rate Study. Motion Carried 3-0.
  There being no further business, motion Maranell, seconded by Rydberg to adjourn at 1:05 p.m. Motion carried 3-0.
  Josh Rydberg, President of Board
  Prepared by Michelle Vos
  Published in the Sanborn Pioneer August 10.