[D.4. POA No. 19-66: Approve 1) the Budget Transfer Request in the amount of $65,000, and 2) Amendment No.2 to the Grant Writing and Administration Services Contract with Cape Canaveral Scientific Inc. (CCSI), of Melbourne Beach, Florida, to amend the hourly rate charged for services.]

ITEM 4. I WILL LET YOU LEAD OFF MISS GIBBONS. YOU HAVE SOME THOUGHTS ABOUT IT. I HAVE A COUPLE OF QUESTIONS REGARDING THE INCREASE OF LOOKS LIKE IT'S REALLY GOING UP MAINLY JUST DUE TO SERVICE FEES WHICH WOULD BE LIKE PAYROLL. THERE WERE A FEW THINGS I WANTED TO ASK ABOUT. I DON'T KNOW IF WE WANTED TO

INVITE -- >> I WOULD LIKE TO INVITE RACHEL TENET UP TO DISCUSS THIS ITEM.

SHE CAN GET THE BOARD UP TO SPEED WITH WHAT'S HAPPENING

HERE. >> HELLO.

CHAIRMAN FEE. THE QUESTION IS ABOUT THE CONTRACT? SHE IS A GRANT MANAGER AND GRANT RIDER. SHEETS BEEN THE GRANT WHITER THAT WE'VE BEEN USING FOR THE LAST SEVERAL YEARS BEFORE WE STARTED TO DEVELOP A GRANT'S DEPARTMENT WITHIN FPUA. THIS PARTICULAR AMENDMENT IS BECAUSE WE HAVE BEEN SPENDING MORE THAN WAS ORIGINALLY ALLOCATED IN HER PURCHASE ORDER.

LARGELY BECAUSE WE IS MORE GRANTS THAT SHE HAS ACQUIRED AND SHE'S NOW MANAGING FOR US THAN WE EXPECTED.

WE'RE LOOKING AT -- I DON'T WANT TO TELL YOU THE WRONG NUMBER. I JUST DID THE MATH.

5.6 MILLION IN GRANTS THAT SHY IS MANAGING FOR US AND SHE'S WRITTEN THE PROPOSALS FOR.

AND SO HER TIME IS HEAVILY REIMBURSED BY THE GRANT FUNDING THAT WE RECEIVED AND WE FUNCTION MORE TO PAY HER AND WE SUBMIT THROUGH HER THE REIMBURSEMENT REQUEST FOR THE GRANTS. THAT'S THE PIECE OF IT.

THERE'S MORE GRANTS COMING IN.

THERE'S MORE EXPENSE TO HER. AND THEN THE OTHER PIECE OF IT THAT HER RATES DID GO UP. PART OF THAT.

THAT'S HER -- THOSE ARE HER RATES.

PART OF IT NOW WITH ONE OF THE GRANTS 3.8 MILLION.

IT'S A FEDERAL GRANT. THE PREVIOUS GRANTS WE HAD WERE APPROPRIATIONS WHICH ARE STATE REPORTING WHICH TENDS TO BE MUCH SIMPLER THAN THE KIND OF REPORT FOR FEDERAL GRANTS. THAT'S WHAT WE ARE HAVING WITH THE 3.8 MILLION. IT'S MUCH MORE INTENSIVE REPORTING AND MANAGEMENT PROCESS.

IT IS -- IT DOES REQUIRE MORE SKILL.

>> HOW MUCH DID HER RATE GO UP?

>> THAT'S THE ONE NUMBER I DON'T HAVE IN MY HEAD.

I'M VERY SORRY. >> MAYBE IF WE CAN GET THAT INFORMATION. I THINK MY MAIN THING WHEN I SAW THIS WAS AND AS I HAD ACTUALLY DISCUSSED A LITTLE BIT WITH MR. CISNEROS AS WELL, IS THIS SOMETHING THAT WE WANT TO LOCK AT WHEN WE'RE CREATING CONTRACTS WITH THESE TYPES OF PEOPLE FOR PROFESSIONAL FEES IS SOME KIND OF A BUILT-IN ESCALATOR.

SO OUR RATES WITH THEM ARE LOCKED IN FOR X AMOUNT OF TIME. THEY CAN'T NECESSARILY COME BACK AND ASK FOR MORE MONEY UNLESS IT'S WITHIN WHATEVER 3% OR WHATEVER THE INCREASE OF COST OF LIVING IS FOR THAT YEAR OR WHATEVER. THERE'S A COUPLE OF THINGS.

OBVIOUSLY, THE -- THIS IS GOING UP 65,000.

BUT WHAT WAS THE ORIGINAL CONTRACT IN THE AMOUNT OF? WHAT'S THE PERCENTAGE THAT'S ACTUALLY GOING UP?

>> I DON'T HAVE THAT IN MY HEAD EITHER.

I DON'T THINK THE CONTRACT ITSELF IS GOING UP.

I THINK IT'S THE PURCHASE ORDER FOR THIS YEAR IS GOING UP BECAUSE OF THE EXPECTED EXPENSES ARE -- WERE MORE THAN WHAT WE WHAT WE THOUGHT.

WHAT IS GOING UP IS THE RATE PER HOUR.

ONE OF THE THINGS WE CAN DO FROM THIS SIDE IS MANAGE THAT A LITTLE BIT MORE. NOW THAT WE ARE BUILDING

[00:10:03]

GRANTS WE ARE ABLE TO GET CONTRACTORS NOT A REASON SHE'S BEEN DOING HAS TO BE DONE OUTSIDE.

THAT'S REALLY WHAT WE ARE LOOKING AT INTERNALRY.

I DON'T THINK AN ESCALATOR IS A BAD IDEA.

SETTING THAT UP. BUT THIS IS RELATIVELY NEW

TO ME. >> RIGHT.

>> DO YOU KNOW WHAT THE AVERAGE CHARGE IS FOR SOMEBODY THAT DOES THIS TYPE OF WORK?

>> I DON'T THINK SHE'S OUTSIDE THE SCOPE OF WHAT WE WOULD EXPECT TO PAY FOR SOMEONE, AGAIN.

WE'RE LOOKING AT OVER 5 MILLION DOLLARS OF MONEY THAT'S COMING IN BECAUSE OF THE WORK THAT SHE'S DOING.

AND WE'RE TALKING ABOUT 65,000.

SHE WROTE THE 3.8 MILLION GRANT THAT WE'RE GETTING FROM THE DEO THROUGH HUD WHICH IS FEDERAL MONEY.

AND WE'RE NOW WRITING A LOT OF THE GRANTS IN HOUSE.

BUT IT'S EXTREMELY VALUABLE SERVICE THAT SHE'S PROVIDING. TO ME, JUST THE MONEY THAT WE'RE SEEING COME IN, COMPARED TO WHAT WE ARE

PAYING HER IS REASONABLE. >> OKAY.

>> EXCELLENT. I THINK I ALREADY ASKED THIS. JUST SO EVERYONE ELSE CAN HEAR TOO. SHE'S ALSO GETTING SOME OF THE MONEY FROM THESE GRANTS AS AN ADMINISTRATION.

>> CORRECT. YES.

>> SOME OF THE FEES ARE REIMBURSED TO US, THE GRANTS. THEMSELVES.

WE BUILD IT IN WHEN WE WRITE THE APPLICATION.

>> ANY OTHER QUESTIONS. >> I DON'T NECESSARILY HAVE A QUESTION. MORE OF A COMMENT TO THE ESCALATOR CLAUSE. ONE OF THE THINGS THAT I'VE EXPERIENCED IS ESPECIALLY ON THE MATERIALS SIDE NOT AS MUCH ON THE SERVICES SIDE. BUT ESPECIALLY ON THE MATERIALS SIDE TYPICALLY WE WOULD WRITE-IN AN ESCALATOR CLAUSE INTO THE CONTRACT. HOWEVER, WITH THE WAY THAT INFLATION HAS BEEN LATELY, IF WE REALLY TRY TO FORCE THE VENDOR TO STICK WITH THAT ESCALATION CLAUSE THEY JUST CANCEL THE CONTRACT. BECAUSE THEY CAN'T AFFORD TO ADHERE TO IT. YOU HAVE A CHOICE OF EITHER YOU KNOW VOWING TO WHATEVER ESCALATOR THEY HAVE, 8 OR 10% OR WHATEVER THEY ARE ASKING FOR OR YOU HAVE TO GO BACK OUT AND BID AND REDO THE WHOLE PROCESS OVER AGAIN. WHEN YOU GET NUMBER BACK YOU WILL PROBABLY BE HIGHER THAN THE 8 OR 10% THEY ASK FOR.

THIS IS JUST A STRANGE TIME. IN GENERAL, I THINK YOUR COMMENT IS SPOT ON. BUT RIGHT NOW IT'S NOT AS

APPLICABLE. >> I AGREE WITH THAT.

I DOUBT IT WILL GO DOWN THOUGH WHEN INNATION DECREASES NOW WE WILL BE LOCKED IN AT THIS LATE LET'S SAY NEXT YEAR OR THE YEAR AFTER.

THIS ISBLY I W -- IS WHY I WANT TO MAKE SURE WE SET OURSELVES UP FOR CONSISTENCISY.

I HEAR WHAT YOU ARE SAYING. I THINK AT THIS PARTICULAR TIME THIS PERSON HAS DELIVERED FOR US IN THE PAST. THIS IS A A TALLAHASSEE PERSON AS WELL AS THE FEDERAL PERSON; RIGHT?

OR MOSTLY TALLAHASSEE? >> SHE'S LARGELY TALLAHASSEE BUT SHE CAN MANAGE THE FEDERAL GRANTS THAT ARE

COMING THROUGH TALLAHASSEE. >> AT THIS PARTICULAR TIME WHEN WE'RE MOVING THE WASTEWATER TREATMENT PLANT, I THINK WE REALLY NEED HER. AND I THINK THAT -- I THINK IT'S HARD TO PLACE A VALUE ON THE SERVICES OF LOBBYIST.

IN TALLAHASSEE THERE'S LOBBYIST FOR THE SHORT-TERM RENTAL INDUSTRY. FOR THE -- THEY ARE ALL OVER. THEY ARE -- THEY ARE THAT'S WORLD THAT YOU CAN'T EVEN MEASURE WHAT THEIR VALUE IS.

>> OH, FOR SURE. I THINK SHE HAS DONE REALLY GOOD WORK FOR US. I'M SUPPORTING THIS IN TERMS OF -- BUT I THINK WE NEED -- WE'RE NOT ALWAYS NEED A TOP NOTCH LOBBYIST IN TALLAHASSEE.

>> EVERY YEAR WE WILL NOT NEED THAT.

JUST TO CLARIFY SHE COMES ON AS THE GRANT MANAGER FOR US AND GRANT WRITER. SHE HAS ALL THE CONNECTS IN TALLAHASSEE THAT HELP HER TO FUNCTION AS BOTH.

>> SHE HELPS THE CITY ALSO. >> SHE HAS WORKED WITH THE

CITY ALSO. >> SHE'S REALLY GOOD ON A

LOT OF THINGS. >> I MOVE APPROVAL.

I THOUGHT THIS WOULD BE A GOOD TALKING POINT FOR US TO BE ABLE TO DISCUSS FURTHER CONTRACTS AND WHAT NOT.

>> I SECOND THE MOTION. >> WE HAVE A MOTION TO APPROVE. AND A SECOND.

>> PLEASE CALL THE ROLL.

[G.1. Accept the renewal quote and proposal from the Florida League of Cities on behalf of the Florida Municipal Insurance Trust (FMIT) for the FY23 policy package that includes our property, general liability, cyber liability, automobile liability, and workers’ compensation insurance coverage for the period of October 1, 2022, to September 30, 2023, and approve funding for the $886,837 annual premium.]

[00:15:13]

MOVING ON TO NEW BUSINESS. >> YES, SIR MR. CHAIRMAN.

GOOD AFTERNOON. BOARD MEMBERS THE FIRST ITEM IS RENEWAL FOR PROPERTY GENERAL LIABILITY CYBERLIABILITY, AUTOMOTIVE LIABILITY AND WORKMAN'S COMP FROM THE FLORIDA LEAGUE OF CITY ON BEHALF OF THE INSURANCE TRUST. BARBARA MIKA WILL PRESENT THIS ITEM. THANK YOU MR. CISNEROS.

GOOD AFTERNOON. I AM HERE TO ASK FOR YOUR APPROVAL FOR THE RENEWAL QUOTES FROM FMIT FOR PROPERTY WORKER'S COMPENSATION, GENERAL LIABILITY, CYBERLIABILITY AND AUTOMOBILE LIABILITY INSURANCE. THIS IS AN ANNUAL REQUEST TO ACCEPT THE QUOTE FROM FPUA POLICY.

THE POLICY WILL BECOME EFFECTIVE OCTOBER 1ST.

2022. THROUGH SEPTEMBER 30TH, 2023. AND CARRIES A PREMIUM OF $866,337. INCLUDED IN YOUR AGENDA PACK SETH A COPY OF THE RECOMMENDATION LATER FROM CYBERINSURANCE CONSULTANT WHICH DESCRIBES IN DETAIL THE CHANGES IN COVERAGE FOR YEAR OVER YEAR.

THE LETTER ALSO CONTAINED A TABLE COMPARING PREMIUMS FROM LAST YEAR TO THIS YEAR. THERE'S AN OVERALL PREMIUM INCREASE THIS YEAR OF ABOUT $50,000.

THAT'S ABOUT 6% FROM THE PREVIOUS YEAR'S PREMIUM.

THE CHANGES -- SOME OF THE MAJOR CHANGES IN THAT WERE THE IN WORKER'S COMP WE HAD REDUCTION OF 4600.

THAT WAS BASED ON OUR MODIFICATION.

WE HAD IMPROVED MODIFICATION.

FOR THIRD YEAR IN A ROW, WHICH SHOWS THE EFFECTIVENESS OF OUR SUCCESS OF OUR SAFETY PROGRAM.

THE GREATEST INCREASE OFF SETTING THAT MORE TO THE OTHER DEGREE WAS PROPERTY COVERAGE.

THAT WAS DUE TO INCREASES IN FMIT'S PROPERTY REINSURANCE RATES. THEIR INCREASES WILL EFFECT

OUR INCREASES. >> CYBERINSURES CONSULTANT REVIEWED THE RENEWAL QUOTE AND RECOMMENDS FPUA CONTINUE WITH THIS PACKAGE POLICY. STAFF HAS BEEN SATISFIED WITH THE SERVICE PROVIDED BY FMIT AND AGREES WITH THEIR RECOMMENDATION. WE ARE ASKING THE BOARD FOR APPROVAL OF THE INSURANCE RENEWAL QUOTE PROVIDED BY FLORIDA MUNICIPAL INSURANCE TRUST FOR $886,837 FOR

FISCAL YEAR 2023. >> ANY DISCUSSION FROM THE

BOARD? >> I AT ON THE BOARD THE FMIT BOARD. AND WE MEET EVERY TWO MONTHS. WE REVIEW THE LOSSES AND WHERE THE STATE OF FLORIDA IS ALWAYS BEHIND THE 8-BALL BECAUSE OF HURRICANES. ALWAYS.

AND WE GET EFFECTED -- ALSO BY OTHER DISASTERS.

THE WHOLE INSURANCE MARKET. THE 6% INCREASE, I THINK IS -- IF WE WENT OUT TO BID FOR SOMEONE ELSE.

I DON'T THINK WE WOULD -- AGAIN THEY WOULD BE ABLE TO MATCH THIS. AND I KNOW THAT FROM MY STANDPOINT THEY DO A REALLY GOOD JOB ABOUT DEFENDING US AND REVIEWING CLAIMS AND TAKING CARE OF OUR CLAIMS. THAT'S FROM MY STANDPOINT. I WOULD HAVE TO DEFER TO

MR. CISNEROS FROM THE -- >> THEY DO AN EXCELLENT JOB.

YES. >> THE CITY IS WITH THEM ALSO. MR. CHAIRMAN?

>> YES. >> IF YOU LOOK AT THE CHART, YOU WILL SEE IT'S VARIED BETWEEN $40 AND $50,000 EACH YEAR SO FAR. NOT THIS YEAR.

IT'S MORE BECAUSE OF WHAT WE ARE SUFFERING THROUGH WITH INFLATION. THAT'S A PRETTY GOOD PRICE.

ANY OTHER COMMENTS FROM THE BOARD?

>> DO WE HAVE A MOTION MOTION TO APPROVE.

>> SECOND. >> WE HAVE MOTION AND A SECOND. PLEASE CALL THE ROLL.

[G.2. Approve Specific Authorization No. SA 66-CDG-22-02, Low-Pressure Sewer and Water System Expansion Design and Permitting, with CivilSurv Design Group, Inc., of Lakeland Florida, in an amount not to exceed $394,750. The initial term of this contract will commence upon written Notice to Proceed and end upon completion and written acceptance by FPUA.]

MR. CHAIRMAN THE NEXT ITEM REQUEST TO APPROVE A SPECIFIC AUTHORIZATION WITH CIVIL SERVE DESIGN GROUP FOR THE DESIGN IN PERMITTING LOW PRESSURE SYSTEM EXPANSION AND OUR WATER SYSTEM EXPANSION PROJECTS.

OUR ACTING SUPERVISING ENGINEER FOR THE WASTEWATER ENGINEERING GROUP WILL PRESENT THIS ITEM.

I WOULD LIKE TO ADD HE'S DOING AN EXCELLENT JOB IN

[00:20:02]

THE ACTIVE POSITION. THANK YOU FOR YOUR KIND WORDS. APPRECIATE IT.

GOOD AFTERNOON, CHAIRMAN FEE, MEMBERS OF THE BOARD.

TODAY I'M HERE TO PRESENT TO YOU A SPECIFIC AUTHORIZATION WITH CICILSURV DESIGN GROUP. AS PART OF THE FPUA EXPANSION PROGRAM. WATER AND WASTEWATER ENGINEERING STAFF IDENTIFIED PROJECT LOCATIONS THAT INCLUDE INSTALLATION OF WATER MAINS, FIRE HYDRANTS AND LOW PURSUER MAINS TO BRING MUNICIPAL WASTE ART WASTEWATER SERVICES WITHIN THE SERVICE TERRITORY.

IN AN EFFORT TO COMPLETE THIS TASK WITHIN A THREE-YEAR TIME FRAME. STAFF WOULD LIKE TO UTILIZE OR CONTINUE SERVICE CONTRACT WITH CIVILSURV DESIGN GROUP TO PERFORM THE SURVEY AND DESIGN FOR THE FOLLOWING PROJECTS. ST. LUCIE LOW PRESSURE EXPANSION, 215 HOMES. MARIAH CIRCLE.

WATER AND LOW PURSUER EXPANSION, 133 HOMES.

WHITE CITY, WASTEWATER EXPANSION.

122 HOMES. AND ORANGE BLOSSOM ESTATES LOW PURSUER EXPANSION:195 HOMES.

CIVILSURV WOULD DESIGN AND PERMIT THE PROJECTS IN A TIMELY MATTER. THEREFORE STAFF RECOMMENDS APPROVAL OF SPECIFIC AUTHORIZATION WITH CIVILSURV DESIGN GROUP FOR SEWER AND WATER SYSTEM EXPANSION DESIGN AND WITH THAT, I WILL BE HAPPY TO ANSWER ANY

QUESTIONS YOU MAY HAVE. >> ANY QUESTIONS OF THE

BOARD? >> THE SPECIFIC AUTHORIZATION THAT YOU ARE REQUESTING RIGHT NOW DOES THAT COVER THE DESIGN FOR ALL OF PROJECTS.

>> THIS ONLY INCLUDES FOUR OF THE PROJECTS.

>> FOR THE ONES YOU'VE IDENTIFIED IN THE MATCH

PROVIDED IN THE PACKET? >> YES, SIR.

>> ANY OTHER QUESTIONS? >> THEY ARE NOT GOING TO BE DOING ACTUAL WORK. THEY ARE DOING THE SITE PLANS AND THE SURVEYS AND ALL OF THAT? ; CORRECT? 82

>>> YES, MA'AM. >> DO WE HAVE A MOTION TO

APPROVE? >> I MOVE APPROVAL.

>> DO WE HAVE A SECOND? >> SECOND.

>> PLEASE CALL THE ROLL.

THANK YOU. THANK YOU, SIR.

[Items G3 & G4]

>> THANK YOU MR. DAWSON. MR. CHAIRMAN THE NEXT TWO ITEMS ARE REQUEST FOR THE PURCHASE OF A SINGLE PHASE PAD MOUNTED TRANSFORMERS FOR INVENTORY.

THOSE RYMS ARE G-3 AND G-4. WE WILL NEED APPROVAL FOR EACH ITEM. THE INFORMATION IS IDENTICAL. THEY WILL BE PRESENTED IN SINGLE PRESENTATION. ERIC MEYERS WILL PRESENT.

>> THANK YOU. GOOD AFTERNOON CHAIRMAN FEE AND MEMBERS OF THE BOARD. DISTRIBUTION TRANSFORMERS ARE CRITICAL TO PROVIDE ELECTRIC SERVICE TO OUR CUSTOMERS. TRANSFORM ELECTRICITY TO BE USED FOR RESIDENTS AND INDUSTRIAL FACILITIES.

THE CURRENT MARKET VOLATILITY EXTREMELY HIGH DEMAND FOR OTHER UTILITIES ACROSS THE NATION.

THE LEAD TIME HAVE BEEN BECOME WILDLY UNPREDICTABLE.

FPUA HAS BEEN QUOTED ANYWHERE 20 TO 120 WEEK AND PRICES INCREASE WITHOUT WARNING.

SINCE TRANSFORMERS ARE NEEDED TO SERVE NEW COMMERCIAL AND INDUSTRIAL DEVELOPMENTS THAT COME TO FT. PIERCE, THE NEED ACQUIRE THE UNITS IS ESSENTIAL FOR THE CONTINUED OPERATION AND THE GROWTH OF OUR UTILITY.

THEREFORE DUE TO URGENCY STAFF REQUESTING APPROVAL OF TWO PURCHASES FOR TRANSFORMERS IN FISCAL YEAR 2024. THE FIRST APPROVE THE PURCHASE OF SINGLE PHASE PAD MOUNTED TRANSFORMER IN AMOUNT NOT TO EXCEED 692,071 FOR FISCAL YEAR 2024 AND 70,000 CONTINGENCY FOR TOTAL 762,071 FROM CENTRAL MALONEY INCORPORATE OF PINE BLUFF, ARKANSAS THROUGH THE FLORIDA MUNICIPAL POWER AGENCY JOINT PURCHASING PROKT THROUGH DECEMBER 2023 WITH AN OPTION TO EXTEND BEYOND THAT DATE BY MUTUAL CONSENT. APPROVE THE PURCHASE OF THREE-FACE PAD MOUNTED TRANSFORMERS FOR INVENTORY IN AN AMOUNT NOT TO XOOEZ $960,973 FOR FISCAL YEAR 2024 AND $90,000 CONTINGENCY FOR THE TOTE OF $1,050,973 FROM WEG TRANSFORMERS U.S.A..

THEY REPRESENT ROUGH INCREASE OF 10% IN THE

[00:25:01]

ESTIMATE OF THE COST FPUA HAS BEEN QUOTED.

I CAN TAKE ANY QUESTIONS YOU MAY HAVE AT THIS TIME.

>> ANY QUESTIONS OF THE BOARD?

>> WAS THIS BUDGETED? I WASN'T MARKED ON OUR FORMS. I WASN'T SURE.

>> I DON'T KNOW, BUT I DO -- >> THE PURCHASE OF TRANSFORMERS IS A BUDGETED ITEM THAT WE PLAN FOR EVERY YEAR. AS WE TAKE THEM OUT OF STOCK. WE REPLENISH OUR STOCK.

THIS IS NOT FOR A SPECIFIC PROJECT BECAUSE OF THE DOLLAR AMOUNTS. THIS PART OF STOCK

INVENTORY. >> BUDGET FREE INVENTORY.

FOR FISCAL YEAR 2024 TOO.NG- BECAUSE OF THE MASSIVE LEAD TIME. THEY USED TO BE ROUGHLY 8 WEEKS. MAYBE PREPANDEMIC PERIOD.

WE HAVEN'T BEEN ABLE TO SECURE IT WITH THE VENDORS LEAD TIMES AND THE PRICES INCREASE ON A WHIM.

AND IT'S BEEN PRETTY CHALLENGING TO KIND OF GET SOMETHING FIRM WITH THEM. I THINK DUE TO THE LARGE COMMAND FOR THEM NOT EVEN REALLY DISTRIBUTION SIDE BUT ON THE SUBSTATION SIDE FOR THE LARGE TRANSFORMERS, THEY ARE NEEDED THERE AS WELL. SOME OF THE LEAD TIME ON THOSE ARE LARGER. I DON'T KNOW WHAT'S HAPPENING THERE. IT'S CRITICAL TO GET IN LINE TO GET THE UNITS THAT WE NEED.

>> I THINK WE DISCUSSED THAT A COUPLE OF MEETINGS AGO.

THAT WE VERY IN LINE AND WE HAD EVERYTHING IN OUR DUCKS IN A ROW MAKE SURE WE WEREN'T BEHIND THE 8-BALL.

>> HER QUESTION ON WAS IT BUDGETED? I'M NOT REMEMBERING THAT WE APPROVED SOMETHING THAT FAR

AHEAD. >> THAT'S THE FIRST TIME I'VE SEEN SOMETHING THIS FAR AHEAD.

>> AS PART OF INVENTORY IT'S A LINE ITEM THAT WE PREPARE FOR. IT COMES OUT OF OUR PLANNED RATE STRUCTURE. IT'S SOMETHING THAT WE ALREADY ACCOUNT FOR. BECAUSE OF THE LONG LEAD TIMES. WE ARE ASKING FOR 2024 BECAUSE WE WANT TO PREPARE. EVEN THOUGH WE DON'T PAY FOR

IT RIGHT NOW. >> WE DON'T PAY FOR IT NOW.

>> WE PAY FOR IT UPON DELIVERY.

THEY MAY BE SOME KIND OF DEPOSIT THAT MAY BE REQUIRED

TO GET US ON THE LIST. >> NOT TO MY KNOWLEDGE.

AS LONG AS WE GET THE PO TO THEM.

WE GET IN LINE TO MAKE SURE THERE'S NO TRANSFORMERS.

>> PAYMENT UPON DELIVERY. >> THERE'S NO GUARANTEE THAT THESE WILL BE ABLE TO GET LET'S SAY SOMETHING DOES HAPPEN WHERE THE LEAD TIME REDUCES.

THEY WILL STILL STICK TO PRICE AND THEY WANT TO HONOR THAT PRICE. IF WE MAKE THE DECISION TO MOVE FORWARD WITH THIS WE HAVE TO COMMISSION TO THE DECISION ACCORDING TO THE VENDOR.

>> HOW MANY TRANSFORMERS DO WE HAVE IN INVENTORY RIGHT

NOW? >> WE DO HAVE ENOUGH FOR SPARES. WHAT WE USUALLY DO WE ACCOUNT FOR THE AMOUNT OF TRANSFORMERS THAT WE NEED FOR CERTAIN PROJECT. WHAT WE HAVE DONE WITH THE POLE MOUNTED TRANSFORMER, WE'VE BEEN ABLE TO SALVAGE THEM FROM THE FIELD. TRANSFORMERS THAT WE SEE THAT ARE NOT WORKING WE'RE ABLE TO PULL THOSE DOWN AND REFURBISH THEM SO WE DON'T HAVE TO PURCHASE NEW TRANSFORMERS? .

THE ONCES THAT WORK WE ARE ABLE TO EUSE THOSE.

IF THEY GO BAD WE CAN REUSE THEM.

WE'RE ABLE TO MANAGE WITH THOSE.

WE'RE PRETTY GOOD ON TRANSFORMERS NOW.

IT COULD WITH AN ISSUE NEXT YEAR DEPENDING ON THE TYPE OF GROWTH THAT WE GET. AND THE AMOUNT OF HOPEFULLY NOTHING BUT HURRICANES OR ANYTHING LIKE THAT.

THAT WE COULD BE AN ISSUE THERE.

>> WE IF WE HAVE UNWANTED STORM WE MAY FEEL SOME

PRESSURE. >> WE DID AN ANALYSIS THROUGH THE GOVERNOR'S REQUEST TO EVALUATE IF WE RAN INTO A HURRICANE -- OH, GOD I SAID THE WORD.

-- >> INTO STORM SEASON.

WHAT KIND OF INVENTORY WOULD WE NEED.

THEY DID THAT EXERCISE THROUGH ALL UTILITIES IN THE STATE BECAUSE OF THIS EXACT THING WITH A LONG LEADS TIMES. I LIKE TO MENTION TALKING ABOUT TRANSFORMERS OUT OF INVENTORY.

THEY DID THIS OVER THE LAST SIX MONTHS OR SO.

THEY EVALUATED IT. THEY WENT BACK TO LOOK AT TRANSFORMERS THAT MAY HAVE BEEN OVERSIZED OR THEY ARE NOW OVERSIZED. MAY NOT HAVE BEEN OVERSIZED AT THE TIME. THE FIELD.PULL TOUGH OUT OF- THEY COULD PUT BACK INTO INVENTORY.

WE TRY TO MAKE SURE WE GET STORM SYMPTOM BEFORE STORM SEASON GETS HERE. THERE'S A LOT OF PIECES TO THIS REQUEST. THE LONG LEAD TIMES.

>> ANY FURTHER COMMENTS FROM THE BOARD OR QUESTIONS?

[00:30:01]

>> DO WE HAVE A MOTION? >> I MOVE APPROVAL.

>> SEPARATE? >> I WILL SECOND.

>> PLEASE CALL THE ROLL.

>> DO YOU NEED A MOTION FOR THE SECOND ONE?

>> G-4. MOVE APPROVAL.

>> I WILL SECOND. >> WITHOUT DISCUSSION WE HAVE A MOTION AND A SECOND. PLEASE CALL THE ROLL.

[G.5. Status Report on Electric Power Cost Adjustment (PCA) for August/2022 – For Information Only]

>> THANK YOU, SIR. >> MR. SPEAKER CHAIRMAN THE NEXT ITEM THIS AFTERNOON UPDATE ON THE POWER COST AJUSTMENT FOR AUGUST OF 2022.

YESTERDAY FMPAS ABLE TO SECURE MORE FIXED FUEL.

WE HAVE HAD FIXED FUEL FROM OCTOBER OF 2022 THROUGH MARCH OF 2024. IT'S WIDESPREAD THERE.

THE PLAN REDUCE VIL STILLITY TO CUSTOMERS.

WE NEED TO BE CARE KT. SUBJECT TO THE VOLATILITY OF THE MARKET. WE STILL HAVE SOME EXPOSURE THERE. BT STILL VERY GOOD FOR OUR CUSTOMERS. WHAT THIS DOES FOR THE BOARD AND THE STAFF IT ALLOWS US TO MANAGE THE POWER COST ADJUSTMENT WITH SMALLER ADJUSTMENTS OVER TIME RATHER THAN WHAT WE DEALT WITH IN JULY WHICH IS IMPORTANT FOR OUR CUSTOMERS AND KEEPS US IN COMPLIANCE WITH MINIMUM DAYS OF CASH THAT WE NEED TO HAVE ON HAND.

WE HAVE HISTORICALLY RAISED THE POWER COST ADJUSTMENT DURING THE WINTER BECAUSE CONSUMPTION IS LESS THUS RESISTING THE IMPACT TO CUSTOMERS.

IN THE PLANT WE PRESENT TODAY WILL FOLLOW THAT THEME. BARBARA MIKA WILL PRESENT

THIS ITEM. >> THANK YOU, AGAIN.

CHAIRMAN, FEE AND BOARD MEMBERS, GOOD AFTERNOON, AGAIN. I HAVE FOR YOU THE UPDATED INFORMATION FOR THE AUGUST POWER COST AND THE FORECAST FOR THE 12-MONTH PROJECTION THROUGH AUGUST OF NEXT YEAR.

FPUA COST OF PURCHASE POWER IS RECOVERED IN PART THROUGH CUSTOMER BILLINGS. POWER COST RECOVERED THAT ARE EXCESS OF OUR $79.50 BASE POWER COST ARE AKUM LATERED AN AN OVER RECOVERY. ORADDED TO RATE STABILIZATION FUND. IN ORDER TO RETAIN SUFFICIENT FUNDS TO PAY FOR POWER COST, IT IS OUR GOAL TO MAINTAIN A PCA RESERVE CURRENTLY SET WITH 1 MILLION DOLLAR MINIMUM. THE COST OF PURCHASE POWER FROM FMPA FOR AUGUST WAS BILLED TO FPUA BLENDED RATE OF 108.08 FOR 1,000 KILOWATT HOURS.

WHICH WAS AN INCREASE OF $10.07 COMPARED THE JULY BILL. FOR THE MONTH OF AUGUST FPUA UNDER RECOVERED POWER COST FROM THE CUSTOMER IN THE AMOUNT OF 597,431. THE UNDER RECOVERY WAS THE RESULT OF LOWERING THE PCA TO $29.

ON AUGUST 1ST. AND THE ELEVATED POWER COST THAT WERE PASSED ON FOR FMPA.

THIS OVER RECOVERY IN AUGUST REDUCED OUR KUM LATIFAH CUMULATIVE OVERRECOVERY. IT REDUCED BY HALF.

WE STAND AT 767 AND 300 AS OF AUGUST 31ST.

THIS CHART TRACKS CUMULATIVE MONTHLY BALANCE OF PCA OVER RECOVERY. IN RELATION APPROVED POWER COST ADJUSTMENT. THE AMOUNT OF POWER COST ADJUSTMENT IS REPRESENTED BY THE DARK BLUE LINE THAT GOES UP AND DOWN AND ACROSS. WE WHICH FOR THE MONTH OF AUGUST WAS $29. I HAD TO CHANGE SOMETHING ON THIS CHARGE. AND THAT'S $29 PER 1,000 KILOWATT HOURS. THE BARS TOWN TOP OF THE CHART REPRESENT THE LEVEL OF THE OVER RECOVERY WITH THE BLUE BARS REPRESENTING THE ACTUAL MONTHLY BALANCES.

AND THE ORANGE BAR SHOWING WHAT THE PROJECTED OVER RECOVERY WOULD BE WITH THE CURRENT FORECASTED NUMBERS.

[00:35:01]

THIS IS BEING PRESENTED WITH PROPOSE AFFILIATE OF NO CHANGE FOR PCA FOR OCTOBER. FUTURE ADJUSTMENT TO PCA WILL BE NECESSARY TO ELEVATE THE PCA FURTHER INTO THE RITE STABILIZATION FUND SAFEGUARDING UNRESTRICTED CASH AND PROVIDING CONSTITUTION FOR FUTURE ANOMALIES LIKE THE ONE WE ARE EXPERIENCING.

THIS PROJECTION AND THE OTHERS YOU WILL SEE ON THE NEXT SLIDE HAVE BEEN PREPARED BY FINANCIAL CONSULTANT AND BASED ON THE DATA FORECAST PREPARED BY FLORIDA MUNICIPAL POWER AGENCY.

SINCE OUR LAST FORECAST THE STMENT OF THE COST OF PURCHASE POWER FOR THE UPCOMING TWELVE MONTHS HAS INCREASED BY 5.3 MILLION DOLLARS.

AND THAT'S 9.6% INCREASE FOR THE NEXT 12 MONTHS.

THIS GRAPH REPRESENTS A COMPARISON OF THE UPDATED PROJECTIONS TRENDING THE POWER COST RECOVERY THROUGH AUGUST OF 2023. THE RATE STABILIZATION FUND RANGE SET TO MAINTAIN BETWEEN THE 1 MILLION AND 5 MILLION DOLLAR MARK. EACH OF THESE ADJUSTMENTS THAT ARE PRESENTED AONE OF THEM -- ONE OF THEM POINTS TO NO CHANGE. THERE'S INCREASES IN MAINTAINING THE PCA THROUGH AUGUST OF 2023.

ALLOW ME TO EXPLAIN THESE DIFFERENT LINES HERE AND THE NUMBERS ACROSS THE BOTTOM. THESE PCA LEVEL AMOUNTS THAT ARE IN BLUE ARE THE -- ARE THE RECOMMENDED WHAT WE ARE RECOMMENDING TODAY. THAT'S FOLLOWS THE RED LINE WHICH IS SHOWS NO CHANGE FOR OCTOBER WITH THE PCA MAINTAINING INTO $900. WHAT WOULD LEAD WITH $5 INCREASE FOR NOVEMBER, DECEMBER AND JANUARY EACH AND THAT WOULD WE WOULD END UP ANOTHER THE END OF JANUARY WITH 34PCA, AND THAT WOULD MAINTAIN THROUGH THE REST OF THIS GRAPH. THE $34.

THE NEXT SLIDE UP THE YELLOW LINE IS NOT A NO CHANGE.

THAT SHOWS INCREASE OF $10. I'M SORRY, $5.

$5 IN OCTOBER. BRINGING THE PCA UP TO 24 WITH INCREASES FOR NOVEMBER, DECEMBER AND JANUARY OF $3 EACH. THAT WOULD BRING THIS TO JANUARY AT A $33 PCA AND THAT WOULD MAINTAIN THROUGH THE END OF AUGUST OF '23 IN THIS GRAPH.

AND THE FINAL LINE THE GREEN LINE WAS PRETTY MUCH SHOWED INCREASE OF $10. IT SHOWS A $1 INCREASE BRINGING TO 32 IN JANUARY. AND THEN MAINTAINING THAT THROUGH THE END OF AUGUST. FMPA HAS TAKEN STEPS TO ALLEVIATE THE IMPACT OF THESE HIGHER COSTS TO THE -- REQUIREMENTS TO THE PARTICIPANTS BY LOCKING IN FUTURE PRICING OF GAS. FMPA PURCHASING WILL HELP LOWER THE COST DOWN THE ROAD.

IT'S THE HOPE THAT THE MARKET ADJUSTMENT AND WHETHER CONDITIONS WILL P.M. IN THE UPCOMING MONTHS.

WEARING TRUE TO TO WORK THROUGH THIS TOGETHER.

OUR STAFF MONITORS THE IMPACT TOWN COST FROM THE MARKET PRICES AND OTHER OPERATIONAL DECISIONS, WE DO THAT REGULARLY SO WE CAN REPORT MONTHLY.

AND RECOMMEND CHANGES AS THEY ARE NEEDED.

STAFF IS RECOMMENDING NO CHANGE TO PCA ON OCTOBER 1ST. WITH SEVERAL SCENARIOS SHOWN BEFORE YOU WITH THE NEED FOR FUTURE ADJUSTMENTS.

IF YOU HAVE ANY QUESTIONS, I WILL BE -- WE CAN --

>> ANY COMMENS FROM THE WORD MEMBERS?

>> I JUST HAVE A QUESTION -- MAYBE YOU, ALSO.

HOW MUCH WERE THEY ABLE TO SECURE YESTERDAY AND AT WHAT

RATE? >> YESTERDAY I THINK IT WAS 15% AT 772. JUST BELOW THE 775 THRESHOLD. THEY STARTED AT 8 AND WON'T DOWN IN INCREMENTS. THEY STARTED 8.25 AND WENT DOWN IN TEN, 15% INCREMENTS. OCTOBER WILL BE.

EVEN THOUGH IT'S AVERAGING PROBABLY IN THE $# RANGE.

IT'S IMPORTANT FOR US TO LOCK IT IN SO WE DON'T JUMP UP TO THE NINE AND $10 RANGE AS WE SEEN OVER THE LAST COUPLE OF WEEKS. IT'S BEEN ALL OVER THE

PLACE. >> I'M GLAD TO SEE THIS.

I THINK IT'S STILL HOLTT OU THERE.

I DON'T RECOMMEND GOING UP AT THIS POINT.

[00:40:05]

I THINK HOPEFULLY THERE'S MAYBE A COOLISH FRONT NEXT WEEK. SHOULD BE LOWER HUMIDITY.

I AGREE WITH THIS. I DON'T THINK THAT WE NEED TO INCREASE THE PCA AT THIS POINT IN TIME.

>> THAT WAS OUR RECOMMENDATION.

THE GOAL IS TO MAKE SMALLER INCREASES DURING THE COOLER MONTHS. WE WILL HAVE TO INCREASE TO STAY IN DAYS OF CASH. TRYING TO AVOID ANY BIG INCREASE, TRYING TO DO SMALLER INCREASES OVER TIME IS WE HAVE THE OPPORTUNITY TO DO IT.

AND WANTED TO PRESENT IT TO YOU IN SUCH THAT YOU HAVE TIME TO THINK ABOUT IT FOR NEXT MONTH AS WELL.

>> MR. CHAIRMAN, YOU RECOMMEND NO CHANGE.

>> NO CHANGE. >> WITH A STRONG POSSIBILITY THAT SMALL CHANGES WILL HAPPEN IN THE MONTHS AHEAD.

>> YES, MA'AM. >> THANK YOU.

>> YOU'RE WELCOME. >> THANK YOU BARBARA.

>> MR. CHAIRMAN THE NEXT ITEM IS I SKIPPED OVER TO

[I.1. Approve Resolution UA 2022-17 amending, restating, and superseding the Schedule of Service Changes in Resolution 2013-11 to include Advanced Metering Infrastructure Opt-Out manual reading charges and meter removal and installation charges.]

RESOLUTIONS. WE HAVE NO NEW BUSINESS.

I WILL JUMP TO RESOLUTION. THE NEXT ITEM RESOLUTION FOR OUR AMI ADVANCED METERING INFRASTRUCTURE PROJECT.

OPT-OUT MANUAL READING CHARGES.

MR. RUTHERFORD WILL PRESENT THIS ITEM.

>> THANK YOU. GOOD EVENING MR. CHAIRMAN AND BOARD. TONIGHT BEFORE YOU YOU HAVE A RESOLUTION LOOKING FOR APPROVAL.

WE HAVE RECEIVED A FEW REQUESTS EITHER THROUGH THE BOARD OR THROUGH DIFFERENT CUSTOMERS.

WHAT HAPPENS IF THEY DON'T WANT OF AMI METERS.

IS THERE AN OPTION FOR ME TO OPT OUT? SOME PEOPLE FOR THEIR OWN REASONS AREN'T INTERESTED.

WE HAVE SCOURED THE COMMUNITY.

AND WE FOUND OTHER UTILTITIES KWO -- WHO HAVE AN OPTED OUT POLICY. THAT'S WHAT WE HAVE BEFORE YOU. IF A PERSON CHOSE NOT TO OPT OUT AMI SERVICE, OF COURSE WE WOULD NEED TO SEND SOMEONE TO THE FIELD TO READ THEIR METER.

HOW WE DO NOW. BUT ULTIMATELY WE WOULD LIKE TO BE OUT OF THAT BUSINESS; RIGHT? WE WOULD LIKE TO BE AUTOMATIC.

IF WE ARE AUTOMATIC THAT'S AN ADDITIONAL CHARGE.