Public Utility Advisory Board

Public Utility Advisory Board July 16, 2026 2:30 PM Independence Municipal Commons - 20201 E. Jackson Dr., Council Chambers ROLL CALL APPROVAL OF MEETING MINUTES 1. Minutes of June 18, 2026, Meeting ACTION ITEMS 1. Annual Officer Elections a. Chairperson b. Vice-Chairperson REPORTS 1. Finance & Administration a. Questions on Utility Financial Reports — May 2026 2. Municipal Services 3. IPL a. IPL Statistical Charts — May 2026 4. Deputy City Manager a. Update: Data Centers/Battery Sites — Pending Centers & Moratorium Page 1 of 23 BOARD MEMBER COMMENTS NEXT MEETING DATE - AUGUST 20, 2026 ADJOURNMENT Page 2 of 23 Page 3 of 23 Page 4 of 23 Page 5 of 23 Page 6 of 23  CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Power and Light For the period ended May 31, 2026 Prior Year Variance Percent Percent 5/31/2025 Budgeted Amounts Actual with Amended Actual From Actual Original Amended Amounts Budget 91.67% of Year Budget Amounts Operating Revenues: Charges for Services $ 149,540,000 149,540,000 140,727,054 (8,812,946) 94.11% 2.44% 141,902,252 Penalties 1,000,000 1,000,000 917,532 (82,468) 91.75% 0.08% 1,204,239 Connection Charges 13,000 13,000 6,612 (6,388) 50.86% -40.81% 6,645 Miscellaneous — — 49,865 49,865 0.00% -91.67% 56,885 Temporary Service 1,000 1,000 1,850 850 185.00% 93.33% 1,350 Rental Income 295,000 295,000 322,710 27,710 109.39% 17.72% 311,078 Transmission Wheeling 6,500,000 6,500,000 5,788,122 (711,878) 89.05% -2.62% 5,599,164 Total Operating Revenues 157,349,000 157,349,000 147,813,745 (9,535,255) 93.94% 2.27% 149,081,613 Operating Expenses: Personnel Services 34,620,298 33,570,298 28,742,035 4,828,263 85.62% -6.05% 26,212,906 Retiree Benefits 1,650,000 1,650,000 1,405,200 244,800 85.16% -6.51% 1,381,168 Other Services 34,949,215 37,036,175 31,654,883 5,381,292 85.47% -6.20% 26,145,829 Supplies 70,761,150 69,626,790 60,580,539 9,046,251 87.01% -4.66% 58,997,390 Capital Projects — — — — 0.00% -91.67% — Capital Operating 1,437,100 1,534,500 459,947 1,074,553 29.97% -61.70% 282,855 Debt Service 8,634,000 8,634,000 8,245,210 388,790 95.50% 3.83% 8,233,631 Other Expenses 100,000 100,000 — 100,000 0.00% -91.67% — Total Operating Expenses 152,151,763 152,151,763 131,087,814 21,063,949 86.16% -5.51% 121,253,779 Nonoperating Revenues (Expenses): Investment Income 500,000 500,000 3,526,239 3,026,239 705.25% 613.58% 2,923,657 Interfund Charges for Support Services 3,836,700 3,836,700 3,558,766 (277,934) 92.76% 1.09% 2,017,528 Miscellaneous Revenue (Expense) 350,000 350,000 382,467 32,467 109.28% 17.61% 585,137 Total Nonoperating Revenue (Expenses) 4,686,700 4,686,700 7,467,472 2,780,772 159.33% 67.66% 5,526,322 Income (Loss) Before Transfers 9,883,937 9,883,937 24,193,403 14,309,466 244.77% 153.10% 33,354,156 Capital Contributions — — — — 0.00% -91.67% — Transfers Out – Utility Payments In Lieu of Taxes (14,601,000) (14,601,000) (14,574,298) (26,702) 99.82% 8.15% (14,625,508) Transfers In — — — — 0.00% -91.67% — Transfers Out - Capital Projects (24,399,000) (24,399,000) (5,503,133) (18,895,867) 22.55% -69.12% (3,896,444) Total Transfers (39,000,000) (39,000,000) (20,077,431) (18,922,569) 51.48% -40.19% (18,521,952) Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (29,116,063) (29,116,063) 4,115,972 33,232,035 14,832,204 Beginning Available Resources 92,516,698 67,942,410 Prior Period Adjustment — — Year-End Investment Market Value Adjustment — — Ending Available Resources 96,632,670 82,774,614 Revenue Risk 5,300,000 5,300,000 Capital Reserve 3,000,000 3,000,000 Expense Risk 18,700,000 18,700,000 Working Capital 25,500,000 25,500,000 Targeted Reserve Level 52,500,000 52,500,000 Total Non-Restricted Resources Available $ 44,132,670 30,274,614 20 Page 7 of 23  CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Power and Light Capital Projects Fund For the period ended May 31, 2026 Prior Year Variance Percent Percent 5/31/2025 Budgeted Amounts Actual with Amended Actual From Actual Original Amended Amounts Budget 91.67% of Year Budget Amounts Operating Revenues: Charges for Services $ — — — — 0.00% -91.67% — Penalties — — — — 0.00% -91.67% — Connection Charges — — — — 0.00% -91.67% — Miscellaneous — — — — 0.00% -91.67% — Temporary Service — — — — 0.00% -91.67% — Rental Income — — — — 0.00% -91.67% — Transmission Wheeling — — — — 0.00% -91.67% — Total Operating Revenues — — — — 0.00% -91.67% — Operating Expenses: Personnel Services — — — — 0.00% -91.67% — Retiree Benefits — — — — 0.00% -91.67% — Other Services — — — — 0.00% -91.67% — Supplies — — — — 0.00% -91.67% — Capital Projects 24,399,000 65,514,069 11,048,730 54,465,339 16.86% -74.81% 4,678,523 Capital Operating — — — — 0.00% -91.67% — Debt Service — — — — 0.00% -91.67% — Other Expenses — — — — 0.00% -91.67% — Total Operating Expenses 24,399,000 65,514,069 11,048,730 54,465,339 16.86% -74.81% 4,678,523 Nonoperating Revenues (Expenses): Investment Income — — — — 0.00% -91.67% — Interfund Charges for Support Services — — — — 0.00% -91.67% — Miscellaneous Revenue (Expense) — — — — 0.00% -91.67% — Total Nonoperating Revenue (Expenses) — — — — 0.00% -91.67% — Income (Loss) Before Transfers (24,399,000) (65,514,069) (11,048,730) 54,465,339 16.86% -74.81% (4,678,523) Capital Contributions — — — — 0.00% -91.67% — Transfers Out – Utility Payments In Lieu of Taxes — — — — 0.00% -91.67% — Transfers In 24,399,000 24,399,000 5,308,724 19,090,276 21.76% -69.91% 3,896,444 Transfers Out — — — — 0.00% -91.67% — Total Transfers 24,399,000 24,399,000 5,308,724 19,090,276 21.76% -69.91% 3,896,444 Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ — (41,115,069) (5,740,006) 35,375,063 (782,079) Beginning Unassigned Fund Balance (7,311,197) — Prior Period Encumbrances — (7,883,010) Cancellation of Prior Year Encumbrances — 170,727 Year-End Investment Market Value Adjustment — — Ending Unassigned Fund Balance (13,051,203) (8,494,362) Current Year Encumbrances 9,163,015 4,056,388 Prior Year Encumbrances 3,888,188 4,437,974 Total Fund Balance $ — — 21 Page 8 of 23  Power and Light - Open Capital Projects As of May 31, 2026 PROJECT PROJECT TITLE ORIGINAL BUDGET NET BUDGET AMENDMENTS REVISED BUDGET ENCUMBRANCES ACTUALS AVAILABLE BUDGET 200815 T&D Sys IMPROVEMENTS $ - 329,355.19 329,355.19 921.36 - 328,433.83 200828 FIBER OPTIC PROGRAM 125,000.00 314,056.70 439,056.70 - - 439,056.70 201106 69 KV SUBSTATION FACILITIES - 109,994.57 109,994.57 33,508.25 - 76,486.32 201405 SUBSTATION SECURITY PROJECT - 133,426.89 133,426.89 22,367.06 81,262.04 29,797.79 201510 Sys OpS / DISPATCH - 43,034.77 43,034.77 - 31,830.50 11,204.27 201603 69 KV Trans LINE REBUIL - - - - - - 201605 Sys OpS WORK AREA - 1,319,842.18 1,319,842.18 - - 1,319,842.18 201703 BV GROUND WATER - 178,838.23 178,838.23 86,381.98 23,393.32 69,062.93 201710 Mo CITY DIVESTITURE - 189,159.36 189,159.36 105,088.18 84,070.68 0.50 201804 SUBSTATION E SWITCHGEAR REPLACEMENT - 1,992.66 1,992.66 - 1,992.66 - 202101 Substation Fiber Optic Network 100,000.00 468,267.14 568,267.14 - - 568,267.14 202102 Traffic Controller Upgrades - 8,941.00 8,941.00 - - 8,941.00 202103 Traffic Camera System Upgrades - 6,837.00 6,837.00 - - 6,837.00 202107 Motorola APX Radio Purchase Phase 2 - 41,474.65 41,474.65 - - 41,474.65 202108 Operations APC UPS Battery Replace - 190,518.29 190,518.29 - - 190,518.29 202109 Substation Modeling 300,000.00 300,000.00 600,000.00 - - 600,000.00 202111 Transmission Pole Replacement Prog 100,000.00 335,593.96 435,593.96 66,372.73 50,454.26 318,766.97 202201 Substation A Transformer T-9 Mtce - 106,745.00 106,745.00 - - 106,745.00 202202 Substation N Transformer T-1 Maint - 180,000.00 180,000.00 - 95,070.00 84,930.00 202205 Desert Storm Switchgear Cabinets 250,000.00 453,923.17 703,923.17 - 246,670.52 457,252.65 202206 T & D Road Improvement Projects - 851,745.44 851,745.44 48,873.51 69,046.28 733,825.65 202208 Traffic Signal Detection Systems 150,000.00 77,530.04 227,530.04 2,140.00 - 225,390.04 202210 IPL Service Center PBX Upgrade to I 35,000.00 115,000.00 150,000.00 - - 150,000.00 202308 Substn & Trans Upgrade &Replacement - 388,400.13 388,400.13 - - 388,400.13 202314 Construction of New Substation S 3,000,000.00 6,628,930.93 9,628,930.93 2,776,221.93 1,210,716.00 5,641,993.00 202315 Construct New Trans System Sub S 500,000.00 3,850,000.00 4,350,000.00 - - 4,350,000.00 202316 Construct 6 New Dist Feeders Sub S 2,000,000.00 1,117,061.75 3,117,061.75 7,452.50 9,723.00 3,099,886.25 202401 Purchase Evergy 69kV Line 1,000,000.00 3,682,682.45 4,682,682.45 2,682.45 - 4,680,000.00 202405 Emergency Replacement Trans Poles - 207,248.32 207,248.32 - - 207,248.32 202406 Service Center Upgrades 500,000.00 679,902.61 1,179,902.61 - - 1,179,902.61 202410 T & D System Improvements - 417,718.96 417,718.96 4,692.83 59,875.47 353,150.66 202411 SCADA/EMS Software/Hardware Upgrade - 155,177.67 155,177.67 6,970.57 35,989.43 112,217.67 202503 T & D Truck Shed - 699,369.00 699,369.00 1.00 667,221.69 32,146.31 202504 Blue Valley Chimney Demolition 2,000,000.00 (1,934,540.00) 65,460.00 54,460.00 11,000.00 - 202505 Emergency Replacement Trans Poles - 250,000.00 250,000.00 - - 250,000.00 202507 Emergent Maintenance Production - 440,000.00 440,000.00 - 288,192.00 151,808.00 202508 Substation/Trans Upgrade & Replace - 415,314.25 415,314.25 43,822.00 8,611.23 362,881.02 202509 T & D Road Improvement Projects - 499,100.00 499,100.00 - - 499,100.00 202510 T & D System Improvements - 500,000.00 500,000.00 - - 500,000.00 202511 Substation Battery Charger 150,000.00 19,217.69 169,217.69 146,135.77 - 23,081.92 202512 Service Center Exterior Upgrades 255,000.00 34,620.00 289,620.00 - - 289,620.00 202513 Substation H Switchgear Upgrades - 500,000.00 500,000.00 - - 500,000.00 202514 Fleet & Equip-10 Year Replacements - 986,000.00 986,000.00 809,048.00 - 176,952.00 202515 161 kV Line Terminal & Control Bldg 800,000.00 6,952,511.51 7,752,511.51 6,455,971.56 690,504.44 606,035.51 202602 Substation Transformers 100 MVA (4) 8,500,000.00 (3,255,000.00) 5,245,000.00 - - 5,245,000.00 202605 Emergency Replacement of Trans Pole 250,000.00 - 250,000.00 - - 250,000.00 202607 Emergent Maintenance Production 484,000.00 - 484,000.00 114,421.75 96,822.00 272,756.25 202608 Sub & Trans Upgrade & Replacement 250,000.00 128,928.00 378,928.00 306,305.00 - 72,623.00 202609 T&D Road Improvement Projects 500,000.00 - 500,000.00 - - 500,000.00 202610 T&D System Improvements 500,000.00 (128,928.00) 371,072.00 - - 371,072.00 202614 Fleet Veh & Equip 10 YE Replacement 550,000.00 - 550,000.00 - 161,000.00 389,000.00 202615 DAQ IOE3 Remote Terminal Unit Upgr 100,000.00 - 100,000.00 - - 100,000.00 202616 Service Center Data Center Moderniz 300,000.00 - 300,000.00 - - 300,000.00 202617 Sub R Country Meadows New 13kV Feed 1,000,000.00 - 1,000,000.00 - - 1,000,000.00 202618 Substation M Perimeter Fencing 200,000.00 - 200,000.00 - 173,000.00 27,000.00 202619 City Center Renovation 500,000.00 (500,000.00) - - - - 202620 J-2 Substation Inspection & Repair - 3,172,700.00 3,172,700.00 1,957,364.84 1,212,278.02 3,057.14 202621 Advanced Metering Infrastructure - 2,500,000.00 2,500,000.00 - - 2,500,000.00 202622 Bly Road Switchyard - 14,917,293.60 14,917,293.60 - - 14,917,293.60 $ 24,399,000.00 49,079,985.11 73,478,985.11 13,051,203.27 5,308,723.54 55,119,058.30 Current Year Prior Year Budget Budget (Enc Roll) Total Budget $ 65,514,069.00 7,964,916.11 73,478,985.11 Less Expenditures 1,885,714.68 3,423,008.86 5,308,723.54 Less Encumbrances 9,163,014.81 3,888,188.46 13,051,203.27 Total Available $ 54,465,339.51 653,718.79 55,119,058.30 22 Page 9 of 23  CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Water For the period ended May 31, 2026 Prior Year Variance Percent Percent 5/31/2025 Budgeted Amounts Actual with Amended Actual From Actual Original Amended Amounts Budget 91.67% of Year Budget Amounts Operating Revenues: Charges for Services $ 32,127,000 32,127,000 29,138,590 (2,988,410) 90.70% -0.97% 30,056,509 Penalties 200,000 200,000 104,701 (95,299) 52.35% -39.32% 156,268 Connection/Disconnection Charges 17,000 17,000 26,194 9,194 154.08% 62.41% 24,980 Miscellaneous 15,000 15,000 13,249 (1,751) 88.33% -3.34% 46,683 Returned Check Charges 26,000 26,000 25,430 (570) 97.81% 6.14% 27,945 Rental Income 85,000 85,000 158,926 73,926 186.97% 95.30% 128,511 Meter Repairs — — — — 0.00% -91.67% — Merchandising Jobbing — — 5,460 5,460 0.00% -91.67% 3,780 Total Operating Revenues 32,470,000 32,470,000 29,472,550 (2,997,450) 90.77% -0.90% 30,444,676 Operating expenses: Personnel Services 8,566,889 8,566,889 7,332,257 1,234,632 85.59% -6.08% 8,640,231 Retiree Benefits 405,000 405,000 332,008 72,992 81.98% -9.69% 332,356 Other Services 15,108,147 15,126,884 10,986,224 4,140,660 72.63% -19.04% 11,778,418 Supplies 5,206,400 5,141,400 4,531,455 609,945 88.14% -3.53% 4,564,471 Capital Projects — — — — 0.00% -91.67% — Capital Operating 237,500 283,764 286,821 (3,057) 101.08% 9.41% 291,355 Debt Service 2,542,000 2,542,000 2,482,535 59,465 97.66% 5.99% 2,472,209 Other Expenses 50,000 50,000 — 50,000 0.00% -91.67% — Total Operating Expenses 32,115,936 32,115,937 25,951,300 6,164,637 80.81% -10.86% 28,079,040 Nonoperating Revenues (Expenses): Investment Income 1,000,000 1,000,000 1,811,791 811,791 181.18% 89.51% 1,803,762 Interfund Charges for Support Services — — — — 0.00% -91.67% 3,323,925 Miscellaneous Revenue (Expense) 15,700 15,700 94,108 78,408 599.41% 507.74% 51,665 Total Nonoperating Revenue (Expenses) 1,015,700 1,015,700 1,905,899 890,199 187.64% 95.97% 5,179,352 Income (Loss) Before Transfers 1,369,764 1,369,763 5,427,149 4,057,386 396.21% 304.54% 7,544,988 Transfers Out – Utility Payments In Lieu of Taxes (2,990,600) (2,990,600) (2,860,648) (129,952) 95.65% 3.98% (2,978,287) Transfers In — — — — 0.00% -91.67% — Transfers Out - Capital Projects (9,050,000) (9,050,000) (4,713,918) (4,336,082) 52.09% -39.58% (3,734,157) Total Transfers (12,040,600) (12,040,600) (7,574,566) (4,466,034) 62.91% -28.76% (6,712,444) Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (10,670,836) (10,670,837) (2,147,417) 8,523,420 832,544 Beginning Available Resources 56,227,572 53,660,048 Year-End Investment Market Value Adjustment — — Ending Available Resources 54,080,155 54,492,592 Revenue Risk 2,000,000 2,000,000 Capital Reserve 6,100,000 6,100,000 Expense Risk 700,000 700,000 Working Capital 5,600,000 5,600,000 Targeted Reserve Level 14,400,000 14,400,000 Total Non-Restricted Resources Available $ 39,680,155 40,092,592 23 Page 10 of 23  CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Water Capital Projects Fund For the period ended May 31, 2026 Prior Year Variance Percent Percent 5/31/2025 Budgeted Amounts Actual with Amended Actual From Actual Original Amended Amounts Budget 91.67% of Year Budget Amounts Operating Revenues: Charges for Services $ — — — — 0.00% -91.67% — Penalties — — — — 0.00% -91.67% — Connection/Disconnection Charges — — — — 0.00% -91.67% — Miscellaneous — — — — 0.00% -91.67% — Returned Check Charges — — — — 0.00% -91.67% — Rental Income — — — — 0.00% -91.67% — Meter Repairs — — — — 0.00% -91.67% — Merchandising Jobbing — — — — 0.00% -91.67% — Total Operating Revenues — — — — 0.00% -91.67% — Operating expenses: Personnel Services — — — — 0.00% -91.67% — Retiree Benefits — — — — 0.00% -91.67% — Other Services — — — — 0.00% -91.67% — Supplies — — — — 0.00% -91.67% — Capital Projects 9,050,000 32,724,546 5,572,963 27,151,583 17.03% -74.64% 2,286,162 Capital Operating — — — — 0.00% -91.67% — Debt Service — — — — 0.00% -91.67% — Other Expenses — — — — 0.00% -91.67% — Total Operating Expenses 9,050,000 32,724,546 5,572,963 27,151,583 17.03% -74.64% 2,286,162 Nonoperating Revenues (Expenses): Investment Income — — — — 0.00% -91.67% — Interfund Charges for Support Services — — — — 0.00% -91.67% — Miscellaneous Revenue (Expense) — — — — 0.00% -91.67% — Total Nonoperating Revenue (Expenses) — — — — 0.00% -91.67% — Income (Loss) Before Transfers (9,050,000) (32,724,546) (5,572,963) 27,151,583 17.03% -74.64% (2,286,162) Transfers Out – Utility Payments In Lieu of Taxes — — — — 0.00% -91.67% — Transfers In 9,050,000 9,050,000 4,616,714 4,433,286 51.01% -40.66% 3,734,157 Transfers Out — — — — 0.00% -91.67% — Total Transfers 9,050,000 9,050,000 4,616,714 4,433,286 51.01% -40.66% 3,734,157 Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ — (23,674,546) (956,249) 22,718,297 1,447,995 Beginning Unassigned Fund Balance (1,451,448) — Prior Period Encumbrances — (2,476,389) Cancellation of Prior Year Encumbrances 52,473 13,587 Year-End Investment Market Value Adjustment — — Ending Unassigned Fund Balance (2,355,224) (1,014,807) Current Year Encumbrances 1,955,563 698,861 Prior Year Encumbrances 399,661 315,946 Total Fund Balance $ — — 24 Page 11 of 23  Water - Open Capital Projects As of May 31, 2026 PROJECT PROJECT TITLE ORIGINAL BUDGET NET BUDGET AMENDMENTS REVISED BUDGET ENCUMBRANCES ACTUALS AVAILABLE BUDGET 400708 TREATMENT Plt DISCHARGE $ - 1,761,565.91 1,761,565.91 10,440.38 7,968.75 1,743,156.78 401003 FUTURE Prod WELLS 1,000,000.00 1,781,734.31 2,781,734.31 - 7,000.00 2,774,734.31 401301 23RD ST MAIN REPLACEMENT - (198,468.25) (198,468.25) - - (198,468.25) 401402 LAGOON CLEANOUT - 281,100.00 281,100.00 - - 281,100.00 401505 Dist Sys IMPROVE - 226,723.62 226,723.62 - 10,428.84 216,294.78 401601 FILTER BACKWASH OUTFALL - 190,325.00 190,325.00 - - 190,325.00 401608 LIME SILO - 164,286.30 164,286.30 - 33,645.13 130,641.17 401703 Maint BUILDING AT CBP 100,000.00 200,000.00 300,000.00 569,336.00 - (269,336.00) 401818 30" Steel Transmission Main Assess - 156,300.00 156,300.00 - - 156,300.00 402007 Emergency Power Generation - 1,150,000.00 1,150,000.00 8,000.00 - 1,142,000.00 402008 Wellfield Overhead Electrical Imp - 1,000,000.00 1,000,000.00 - 29,800.00 970,200.00 402107 Facility Improvements/Const/Maint - 45,662.97 45,662.97 44,878.97 784.00 - 402108 Basin Drive Improvements 500,000.00 92,111.16 592,111.16 130,403.98 155,029.51 306,677.67 402207 CB Electrical Switchgear Improvemen - 200,000.00 200,000.00 - 94,752.40 105,247.60 402401 Fiber Optic Upgrades - 102,576.00 102,576.00 - 99,356.00 3,220.00 402403 Sludge House Piping Improvements 100,000.00 300,000.00 400,000.00 - - 400,000.00 402410 Springbranch Garage Complex 2,140,000.00 3,780,000.00 5,920,000.00 - - 5,920,000.00 402501 Horizontal Collector Wheel Rehab - 860,000.00 860,000.00 246,000.00 618,433.42 (4,433.42) 402502 Chlorinator Improvements - 27,815.00 27,815.00 - - 27,815.00 402503 Evaporator Improvements - 18,179.72 18,179.72 - 21,035.85 (2,856.13) 402504 M-291 Wellfield Header 1,000,000.00 300,000.00 1,300,000.00 - - 1,300,000.00 402506 Vehicle Replacement - 70,251.00 70,251.00 - - 70,251.00 402601 Ammonia Feeder Improvements 500,000.00 - 500,000.00 - - 500,000.00 402602 CBP Operation Building Upgrades 500,000.00 - 500,000.00 - - 500,000.00 402603 CBP Valve Improvements 100,000.00 - 100,000.00 23,394.56 49,594.22 27,011.22 402604 HSP Overhaul 400,000.00 - 400,000.00 126,785.00 126,785.00 146,430.00 402605 Service Line Upgrades 160,000.00 - 160,000.00 - - 160,000.00 402606 Backhoe 125,000.00 - 125,000.00 - 119,660.45 5,339.55 402607 Truck with Service Body 175,000.00 - 175,000.00 9,856.18 161,986.30 3,157.52 402608 City Center Renovation 250,000.00 (250,000.00) - - - - 402609 Advanced Metering Infrastructure - 100,000.00 100,000.00 - - 100,000.00 9749 MAIN REPLACEMENT PROGRAM 2,000,000.00 12,470,113.02 14,470,113.02 1,160,525.05 3,080,454.02 10,229,133.95 9952 SECURITY UPGRADES - 295,718.32 295,718.32 25,604.34 - 270,113.98 $ 9,050,000.00 25,125,994.08 34,175,994.08 2,355,224.46 4,616,713.89 27,204,055.73 Budget Budget (Enc Roll) Total Budget $ 32,724,545.93 1,451,448.15 34,175,994.08 Less Expenditures 3,617,400.01 999,313.88 4,616,713.89 Less Encumbrances 1,955,563.27 399,661.19 2,355,224.46 Total Available $ 27,151,582.65 52,473.08 27,204,055.73 25 Page 12 of 23  CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Sanitary Sewer For the period ended May 31, 2026 Prior Year Variance Percent Percent 5/31/2025 Budgeted Amounts Actual with Amended Actual From Actual Original Amended Amounts Budget 91.67% of Year Budget Amounts Operating revenues: Charges for Services $ 35,770,000 35,770,000 33,445,730 (2,324,270) 93.50% 1.83% 32,658,169 Penalties 200,000 200,000 169,604 (30,396) 84.80% -6.87% 253,080 Total operating revenues 35,970,000 35,970,000 33,615,334 (2,354,666) 93.45% 1.78% 32,911,249 Operating expenses: Personnel Services 7,472,390 7,472,390 6,069,175 1,403,215 81.22% -10.45% 5,756,413 Retiree Benefits 460,000 460,000 368,137 91,863 80.03% -11.64% 357,066 Other Services 17,685,617 17,685,617 13,467,553 4,218,064 76.15% -15.52% 13,123,245 Supplies 1,423,676 1,423,676 1,146,327 277,349 80.52% -11.15% 1,092,058 Capital Projects — — — — 0.00% -91.67% — Capital Operating 530,800 431,300 328,208 103,092 76.10% -15.57% 214,496 Debt Service 6,245,000 6,245,000 6,021,746 223,254 96.43% 4.76% 6,011,314 Other Expenses — — — — 0.00% -91.67% — Total Operating Expenses 33,817,483 33,717,983 27,401,146 6,316,837 81.27% -10.40% 26,554,592 Nonoperating Revenues (Expenses): Investment Income 500,000 500,000 1,204,442 704,442 240.89% 149.22% 1,272,314 Miscellaneous Revenue (Expense) 7,900 7,900 77,509 69,609 981.13% 889.46% 21,282 Total Nonoperating Revenue (Expenses) 507,900 507,900 1,281,951 774,051 252.40% 160.73% 1,293,596 Income (Loss) Before Transfers 2,660,417 2,759,917 7,496,139 4,736,222 271.61% 179.94% 7,650,253 Transfers Out – Utility Payments In Lieu of Taxes (3,189,000) (3,189,000) (3,393,875) 204,875 106.42% 14.75% (3,369,051) Transfers In 10,000 10,000 — 10,000 0.00% -91.67% 10,000 Transfers Out - Capital Projects (8,000,000) (8,000,000) (3,826,001) (4,173,999) 47.83% -43.84% (2,939,943) Total Transfers (11,179,000) (11,179,000) (7,219,876) (3,959,124) 64.58% -27.09% (6,298,994) Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ (8,518,583) (8,419,083) 276,263 8,695,346 1,351,259 Beginning Available Resources 37,294,884 37,459,064 Year-End Investment Market Value Adjustment — — Ending Available Resources 37,571,147 38,810,323 Revenue Risk 1,200,000 1,200,000 Capital Reserve 4,000,000 4,000,000 Expense Risk 700,000 700,000 Working Capital 6,800,000 6,800,000 Targeted Reserve Level 12,700,000 12,700,000 Total Non-Restricted Resources Available $ 24,871,147 26,110,323 26 Page 13 of 23  CITY OF INDEPENDENCE, MISSOURI Budgetary Comparison Schedule Sanitary Sewer Capital Projects Fund For the period ended May 31, 2026 Prior Year Variance Percent Percent 5/31/2025 Budgeted Amounts Actual with Amended Actual From Actual Original Amended Amounts Budget 91.67% of Year Budget Amounts Operating revenues: Charges for Services $ — — — — 0.00% -91.67% — Penalties — — — — 0.00% -91.67% — Total operating revenues — — — — 0.00% -91.67% — Operating expenses: Personnel Services — — — — 0.00% -91.67% — Retiree Benefits — — — — 0.00% -91.67% — Other Services — — — — 0.00% -91.67% — Supplies — — — — 0.00% -91.67% — Capital Projects 8,000,000 21,740,777 3,734,179 18,006,598 17.18% -74.49% 5,949,630 Capital Operating — — — — 0.00% -91.67% — Debt Service — — — — 0.00% -91.67% — Other Expenses — — — — 0.00% -91.67% — Total Operating Expenses 8,000,000 21,740,777 3,734,179 18,006,598 17.18% -74.49% 5,949,630 Nonoperating Revenues (Expenses): Investment Income — — — — 0.00% -91.67% — Miscellaneous Revenue (Expense) — — — — 0.00% -91.67% — Total Nonoperating Revenue (Expenses) — — — — 0.00% -91.67% — Income (Loss) Before Transfers (8,000,000) (21,740,777) (3,734,179) 18,006,598 17.18% -74.49% (5,949,630) Transfers Out – Utility Payments In Lieu of Taxes — — — — 0.00% -91.67% — Transfers In 8,000,000 8,000,000 3,727,309 4,272,691 46.59% -45.08% 2,939,859 Transfers Out — — — — 0.00% -91.67% — Total Transfers 8,000,000 8,000,000 3,727,309 4,272,691 46.59% -45.08% 2,939,859 Excess of Revenue and Other Financing Sources Over (Under) Expenditures and Other Financing Uses, Budget Basis $ — (13,740,777) (6,870) 13,733,907 (3,009,771) Beginning Unassigned Fund Balance (2,770,760) — Prior Period Encumbrances — (2,317,525) Cancellation of Prior Year Encumbrances 158,948 266,372 Year-End Investment Market Value Adjustment — — Ending Unassigned Fund Balance (2,618,682) (5,060,924) Current Year Encumbrances 1,942,058 4,360,384 Prior Year Encumbrances 676,624 700,540 Total Fund Balance $ — — 27 Page 14 of 23  Sanitary Sewer - Open Capital Projects As of May 31, 2026 PROJECT PROJECT TITLE ORIGINAL BUDGET NET BUDGET AMENDMENTS REVISED BUDGET ENCUMBRANCES ACTUALS AVAILABLE BUDGET 301201 BURR OAK EAST $ - 1,035,327.15 1,035,327.15 - - 1,035,327.15 301202 CRACKERNECK-VAN HOOK SEWER - - - - - - 301701 SCADA UPGRADE - 77,507.78 77,507.78 - - 77,507.78 301706 TREATMENT FACILITY IMPROVEMENT - 76.13 76.13 - - 76.13 302004 Neighborhood Projects 2019-20 250,000.00 1,505,038.61 1,755,038.61 138,326.00 53,489.15 1,563,223.46 302005 Biosolids Handling - 991,019.78 991,019.78 - - 991,019.78 302006 Raw Pumps & Screening - 579,279.41 579,279.41 - - 579,279.41 302007 Electrical Substation Rehab - 137,967.00 137,967.00 - - 137,967.00 302008 RCTP Fence - 36,015.56 36,015.56 - - 36,015.56 302101 Sanitation Sewer Evaluation Survey - 206,982.83 206,982.83 96,700.00 - 110,282.83 302102 Raymond Harkless Mills San Imp - 105,715.21 105,715.21 2,651.00 - 103,064.21 302105 Piping Rehabilitation 200,000.00 14,332.50 214,332.50 - - 214,332.50 302201 Upper Adair Interceptor 500,000.00 1,904,263.73 2,404,263.73 546,712.12 218,358.14 1,639,193.47 302202 Crackerneck Creek Slope Rehab - 2,026,407.29 2,026,407.29 27,785.22 102,049.88 1,896,572.19 302203 Sanitary Sewer Main Reloc from Stre - 1,000,000.00 1,000,000.00 41,404.38 700,658.11 257,937.51 302204 RCTP - Septic Pumper - 300,000.00 300,000.00 - - 300,000.00 302205 Clarifier Rehabilitation - 2,129,176.66 2,129,176.66 503,265.00 1,734,105.94 (108,194.28) 302206 Railing Safety RCPS & SCPS - 14,083.09 14,083.09 - - 14,083.09 302301 Sludge Thickening Process Improve 2,000,000.00 1,316,035.70 3,316,035.70 144,221.90 68,769.80 3,103,044.00 302402 Grit Removal Improvements-RCPS - 750,000.00 750,000.00 - - 750,000.00 302403 Pressure Cleaning Truck - 61,229.25 61,229.25 - - 61,229.25 302410 Springbranch Garage Complex 2,140,000.00 2,130,000.00 4,270,000.00 - - 4,270,000.00 302501 Camera Truck - 22,286.57 22,286.57 - - 22,286.57 302601 Golden Acres Sanitary Sewer Improve 250,000.00 - 250,000.00 - - 250,000.00 302602 24th & Scott 150,000.00 - 150,000.00 - - 150,000.00 302603 Dump Truck 275,000.00 - 275,000.00 201,986.40 - 73,013.60 302604 Lateral Reroute and Rep Program 150,000.00 - 150,000.00 - - 150,000.00 302605 VFD Replacement at RCPS and SCPS 350,000.00 - 350,000.00 - 250,804.85 99,195.15 302606 Rock Creek PS Pump Replacement 835,000.00 - 835,000.00 745,623.00 - 89,377.00 302607 PTB Scraper 150,000.00 - 150,000.00 - - 150,000.00 302608 City Center Renovation 250,000.00 (250,000.00) - - - - 302609 Maintenance Crane Body ServiceTruck - 107,857.00 107,857.00 - 107,857.00 - 9757 TRENCHLESS TECHNOLOGY 500,000.00 310,935.28 810,935.28 170,007.75 491,216.05 149,711.48 $ 8,000,000.00 16,511,536.53 24,511,536.53 2,618,682.77 3,727,308.92 18,165,544.84 Current Year Prior Year Budget Budget (Enc Roll) Total Budget $ 21,740,776.76 2,770,759.77 24,511,536.53 Less Expenditures 1,792,121.05 1,935,187.87 3,727,308.92 Less Encumbrances 1,942,058.25 676,624.52 2,618,682.77 Total Available $ 18,006,597.46 158,947.38 18,165,544.84 28 Page 15 of 23  IPL Statistical Reports As of May 31, 2026* *Consumption and billed revenue continued to be impacted by estimated meter readings and the timing of meter reading. 1 Page 16 of 23  2 Page 17 of 23  3 Page 18 of 23  1 1FY2024 – rebills and customer reclassifications created an offset between January and February 4 Page 19 of 23  2 2FY2024 – rebills and customer reclassifications created an offset between January and February 3 3 4 3FY2025 One Interruptible Industrial customer was rebilled in June, the billed revenue offsets in July (FY2026). 4FY2026 One Interruptible Industrial customer had bill corrected for April, the billed revenue offsets in June (FY2026). 5 Page 20 of 23  6 Page 21 of 23 Average / Maximum / Minimum Temperature and Humidity May 2024, 2025, 2026 Average TEMPERATURE Average Max Min May-24 68.26 89.33 46.79 May-25 63.48 85.31 39.00 May-26 65.32 86.45 36.42 Average HUMIDITY Average Max Min May-24 68.53 99.01 22.52 May-25 67.98 100.00 21.41 May-26 66.30 100.00 23.77 7 of 23 Page 22  5 5FY2025 Commercial / Industrial customers show a decrease of 33. This number can vary year-to-year In late 2018, a new billing system was implemented. The prior system counted customers using a different method of aggregating multiple-meter accounts, resulting in increased customer counts after the software implementation. In 2022 and 2023, billing began at the account-level versus the meter-level, providing a more consistent customer count and smoothing out the graph. In mid-2024 fiscal year, the new and current rate structure was implemented. This resulted in a number of customers being reclassified to an alternative rate that was more appropriate for their electric usage. Due to the reclassifications, the customers were rebilled, which may slightly inflate the customer counts for fiscal year 2024. Fiscal year 2025 will be the first full year on the rate structure implemented mid-2023. 2025 graphs should show a normalized trend, without the fluctuations of changes in billing systems, rate structures, and customer reclassifications. 8 Page 23 of 23