Legal Notice
December 27, 2023
The Sanborn Electric and Telecommunications Board met in regular session Wednesday, December 27, 2023, at 12:00 p.m. at Sanborn City Hall. Board members present: Josh Rydberg and Rick Maranell. Board members absent: Terry Boelter.
Others present: Jim Zeutenhorst.

Motion Maranell, seconded by Rydberg to adopt the agenda. Motion carried 2-0.
Motion Maranell, seconded by Rydberg to approve the minutes of the November 29, 2023,
Board Meeting. Motion carried 2-0.
Motion Maranell, seconded by Rydberg to approve the following bills for payment:
Motion carried 2-0.
Bill List – Sanborn Municipal Light Plant
Meeting Date – 12-27-2023
GENERAL FUND:

• 610 Depot Plant maint. $89.40
• Alons, Gerald & Deb New construction incentive $2,500.00
• Boelter, Dr. Terry Board of Trustees – 2023 $275.00
• Border States Industries Outside services, Inventory, Distribution Maint. $1,211.72
• City of Sanborn City Hall bills split for November 2023 $5,259.95
• DGR Engineering Outside services – electric generation study
  $3,796.00
• EFTPS – 941 FICA, Medicare & Federal taxes $5,854.60
• Enger, Don & Pat New construction incentive $2,500.00
• IMFOA Membership – Michelle Vos $50.00
• Iowa Department of Revenue
  Sales Tax for November 2023
  $6,502.46
• Iowa State Bank H.S.A. contrib. by employees $200.00
• Iowa Utilities Board IUB & OCA direct assessment (7/1/23 – 9/30/23)
  $949.55
• IPERS November wages
  $5,615.72
• Maranell, Rick Board of Trustees – 2023 $300.00
• Marcus News Meeting publications, Budget estimate $202.48
• Missouri River Energy Purchased power $84,333.91
• Office of Auditor of State Filing fee – 2022 Fiscal Year Audit Report
  $250.00
• Rydberg, Josh Board of Trustees – 2023 $300.00
• Sanborn Chamber of Commerce
  Chamber Dollars – gifts $1,800.00
• Sanborn Chamber of Commerce
  2024 Membership dues $125.00
• Sanborn Daycare Donation
  $425.00
• Sanborn Municipal Utilities Utilities – warehouse, plant, substation
  $775.31
• Sanborn Savings Bank H.S.A. Contrib. by employees $626.92
  *
  The Community Agency Phone/Internet/Cable $292.44
• VISA Plant maint., Distribution maint. $730.60
• WAPA Purchased power
  $25,434.47
  $150,400.53
  MISC.
• Meter Deposit Refunds Four refunds $850.00
  $850.00
  EMPLOYEE BENEFIT FUND:
  *Aflac Aflac – November payroll deductions $86.28
  *Delta Dental Dental Ins. January coverage $110.04
  *Equitable Financial Life Insurance
  Life/AD&D, LTD/STD – December 2023 & January 2024 coverage
  $184.02
  *Iowa State Bank HSA Contrib. for Dec. $100.00
  *Sanborn Savings Bank HSA Contrib. for Dec. $217.00
  *Wellmark Health Ins. January 2024 coverage $4,885.06
  $5,582.40
• Checks issued prior to meeting.
  TOTAL ALL FUNDS: $156,832.93
  Month Ending December 2023:
  Revenue: $216,879.86
  Expense: $205,515.85
  Motion Maranell, seconded by Rydberg to approve the following November 2023 reports:
  Financial Report, Purchased Power Report, and Sales and Revenue Report. Motion carried 2-0.
  A brief discussion was held regarding Cash vs. Accrual based Accounting. The Electric and Telecom Utility currently operates on an Accrual basis; however, the possibility of transitioning to a Cash basis was mentioned. Zeutenhorst will look further into this and report back to the Board.
  The next regular meeting of the Board is scheduled for Wednesday, January 31, 2023, at 12:00 noon at Sanborn City Hall.
  Josh Rydberg,
  President of Board
  Prepared by Michelle Vos,
  Utility Clerk
  Published in the Sanborn Pioneer January 11.