October 25, 2023

The Sanborn Electric and Telecommunications Board met in regular session Wednesday,
October 25, 2023, at 12:00 p.m. at Sanborn City Hall. Board members present: Terry Boelter and Josh Rydberg. Board members via phone conference call: Rick Maranell.
Others present: Jim Zeutenhorst.

Motion Boelter, seconded by Maranell to adopt the agenda. Motion carried 3-0.

Motion Boelter, seconded by Maranell to approve the minutes of the September 27, 2023,
Board Meeting. Motion carried 3-0.

Motion Boelter, seconded by Maranell to approve the following bills for payment:
Motion carried 3-0.
Bill List – Sanborn Municipal Light Plant
Meeting Date – 10-25-2023

GENERAL FUND:
Amount
610 Depot Plant maint., distribution maint. $96.91
Ahlers & Cooney, P.C. Legal services – electric transmission lines
$340.00
City of Sanborn City Hall bills split for September 2023 $5,379.78
City of Sanborn Transportation expense – gas & diesel purchased
$1,061.25
DGR Engineering Outside services – electric generation study.$3,735.50
Don’s Auto Service Vehicle maint.
$31.03
EFTPS – 941 FICA, Medicare & Federal taxes $6,391.88
Iowa State Bank H.S.A. contrib. by employees $200.00
IPERS September wages
$4,904.80
Marcus News Meeting publications
$99.06
Missouri River Energy Purchased power $86,093.92
Sanborn Daycare Donation
$425.00
Sanborn Municipal Utilities Utilities – warehouse, plant, substation
$228.62
Sanborn Savings Bank H.S.A. Contrib. by employees $600.00
Schoof, Naoma (Estate) Account credit balance refund $1,686.73
The Community Agency Phone/Internet/Cable $277.90
US Postmaster Postage – Utility Bills $95.18
Van Wert, Inc. Distribution maint.
$261.77
Vector 2023 – 2024 dues
$3,506.30
VISA Meeting expense $440.70
*
WAPA Purchased power
$25,515.90
Wesco Inventory, line extension, distrib. maint. $34,226.09
$175,598.32
MISC.
Meter Deposit Refunds Five refunds $1,260.00
$1,260.00
EMPLOYEE BENEFIT FUND:
Aflac Aflac – September payroll deductions $296.90
Delta Dental Dental Ins. November coverage $133.34
Equitable Financial Life Insurance Life/AD&D, LTD/STD – November coverage $149.01
Iowa State Bank HSA Contrib. for Oct. $100.00
Sanborn Savings Bank HSA Contrib. for Oct. $317.00
Wellmark Health Ins. November coverage $5,610.12
$6,606.37
Checks issued prior to meeting.
TOTAL ALL FUNDS:
$183,464.69
Month Ending September 2023:
Revenue: $226,056.02
Expense: $203,755.19

Motion Maranell, seconded by Boelter to approve the following September 2023 reports:
Financial Report, Purchased Power Report, and Sales and Revenue Report. Motion carried 3-0.

The Board reviewed site maps for a potential generation facility and discussed the Calendar Year 2024 Budget.

Motion Maranell, seconded by Boelter to approve setting a date for a public hearing on the Calendar Year 2024 Budget. The public hearing is set for November 29, 2023, at 12:15 pm at the Sanborn City Hall.

There being no further business, motion Maranell, seconded by Rydberg to adjourn at 1:15 p.m. Motion carried 3-0.

The next regular meeting of the Board is scheduled for Wednesday, November 29, 2023, at 12:00 noon at Sanborn City Hall.
Josh Rydberg, President of Board
Prepared by Michelle Vos, Utility Clerk