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Home My WebLink About1979-05-14 Min - Board G At this point in the meeting, President Maass arrived (approximately 9:07 P.M.) . Mr. Conlon noted that, on the Statements of Operating Margins, Nonoperating Margins and Capital Gains, the Balances at December 31 , 1978, Operating Margins, $1 ,550,821 , and Total , $691 ,310,. agree with the two numbers on the right hand s i de of the Balance Sheet. There were no unusual entries in the nonopera t i ng in- come; the operating margins are strictly the net revenues from operations. Going back to the Balance Sheet, Mr. Conlon noted that the long-term debt section is basically the paying of the current maturities during the year of the REA bonds and note payable to Sierra Pacific Power Company. He expressed con- cern relating to the Farmers Home Administration promissory note; the FmHA note indicates there is an indenture and specifies that the District should meet the requirements of the indenture. Unfortunately, a copy is not presently available to either the auditors to the District. It wi 1 1 be necessary to obtain a copy and make certain that the District is in compliance. Under Current Liabilities, Accounts Payable, Mr. Conlon noted that the main reason the figure went up in 1978 is the unpaid legal fees (the Steinhart bill) . Standby fees and consumer deposits are up in 1978 due to growth in the area. Accrued liabilities, which includes accrued vacation pay in 1978, were discussed. Relating to the Statement of Income, Mr. Blumenfeld advised that operating revenues are classified between electric and water. The increase in electric revenues is primarily due to two factors: 1) customer growth, 2) the rate in- crease. The Board discussed the operating revenues, expenses and nonoperat i ng margins. Mr. Conlon noted that the Statements of Changes in Financial Position reflect the increase in District working capital or net current assets. He went on to ex- plain how the figures were determined. He suggested that the District prepare a five-year f i na nc a 1 plan. Mr. Conlon described the footnotes - 1) organization and accounting policies, which includes organization, depreciation, revenues, pension plan and utility plant - it was Arthur Andersen & Company's suggestion that the Board consider inventorying and determining the cost of all the property that it operates; 2) retroactive adjustment of power rates, which covers refunds; 3) restricted funds; 4) long-term debt; 5) pension plan,, and 6) contingencies - Dart Industries water agreement and related lawsuits. (it was decided it should be noted that the Dis- trict insurance company has been providing the defense in all the legal actions.) Briefly reviewed by Mr. Conlon was the Combined Statement of Departmental Operations. He noted the $7,008 figure under Truckee Electric and ($7,008) figure under Eliminations represents power for street-lighting. ADJOURNMENT Director Kuttel moved that the meeting be adjourned. The motion was sec- onded by Director Huber. ALL AYE BY VOICE VOTE. So MOVED The meeting was adjourned at 10:50 P.M. TRUCKEE DONNER PUBLIC UTILITY DISTRICT Ja&s A. Maass, President d� F" r, Susan M. Craig, Deputy De ut D i str. t' C lerk , ,. 5/14/79 pg. 2 TR.(JC KEE-DONNER PUBLIC UTlLITY DISTRICT .VIN.'ANCIAL STATEMENTS AS OF DECEMBER 31 , 1978 AND 1977 TOGE"rH ER, WITH AUDITORS ' REPORI BUY nly Lirpgaw 01 4Aj • To the, Board o f D-trectors o f.- Truc'k,r,_Ae-Do-n.ner, Publ]Lc Utility District: We li,,�ve examined thE valance sheet of Truckee-Donner Public Utility DI.strict as of December 31 , 1978, and the related statem.ei.Its oIL-_ revenues and E:�,xpenses , operating margins , nolloperating ni-argins a-,r).d c%apital gains , and changes in financial position for the year then ended. Our examination was made in accordance with generally accepted. auditing standards and , accordingly, included such tests of the account_iTIg records and such other auditing proce- dures as we c-onsidered necessary in the circumstances . The financial statements of Truckee-Donne-r.,- Public Utility Districr. for the year ended December T1 , 1.977 , were. examined by other auditors whose report dated Marc-,h 31 , 1,978 , expressed a quali-IFied opinion on those st a t ements , subj ec,t to the of r.ect , if any , on those financial st at eiii,ents of a legal action as discussed in Note 6 . A.c--; discussed in Note 6 to .the accompanying financial statemelltS , the District is a. party in a legal action which seeks damages in ey.-cess of $100 million from various defendants , including the District. TIle ultimate outcome of this legal action and the effect upon the D-Lstrict , if any, cannot be determined at this time . Pf c, !k 1�'I%tv ��P'A r L, t 4 OMAIM dM 2- 1n oi,,ir c-,pin ion , subject to the effect of any adjustments that might have peen requirec. had the outcome of the legal action mentioned in the preceding paragraph, been known, the financial statements rbebferred to above present fairly the financial position of Tri.;.ckee--Donner Rublic Utility District as of December 31 , 1978 , and. the resu'.1ts c..)f i t S operations and the changes in its financial p itio, fo the '4)7ea.r then ended., 'in conformity with generally osi �rl r a.C.*Cepted accounting Principle's applied on. a. basis consistent with that of the -preceding year, Our examination has been made primarily for the purpo,se of forming the opinion stated in the preceding paragraph, The combined stal-entent of departmental operations , although not considered necessary for a fair presentation of financial. position, resi.ilts of operations and chan,ges in financial position, is presented as supplemero---ary information and has been subjected to the audit procedures applied in the examination of the basic financial statements . In our opinion , subject to the effect , if any, of the these data �-.Ire fairl legal. actiort discussed abo%7e , Y stated in all materi.,:-11, respects in rel.ation to the basic, financial statements , taken as a whole . April 1-3 , 1.979 7V v %LOW, TRUICK"FE-DONN ER PUBLIC UTILITY DISTPHM' MLANCE S11-SETS DECEMBER "I, =19i8 AND 19-7- S T GAYWN LIABILMES A3E S HAR D 1978 9_; M A G N S Oper--iting Marg2lns t 2 _3 I_3 013 2 1 NcP!1op..er.-t ng ',ns ipi_ta 1 f-a ns 880 Ito,s 8 7/4 62 48' --------- W�i t e r 9 6 ---------- ---------- ---------- $ lq8,616 114- 6 6 8( 7 1 5 5)2 1,0 All G--.r P,1 M F�Iv'P 'No L e Less Accumulated depreciation UP k 7 14 7 5 7! ---------- ---------- REA bonds NeL plant in service $L V 4 06 5 $1 62r_ 094 Note pC-Avable to Sierra Pacific Power 09 5 Comt)any I n progr 1 121 0 1 4-2-1068 Promissory nc_:te - Un-ited States of Atneri�:a Cons t rue t lon w1ork ess 22-7 4 -armers Home Adminis t ration 2/49 591 Electric acquisition adjustments 3,301 4,066 F -7"-7 / Sfwer --scssi-filent-s pivable %J ---------- $ 8 9 3,96 7 $1 t)7_3 1228 Al_,q_uipme1,.0 Notes payable 8 8189 Net ut.fl.it-y T.-)Iant ---------- ---------- ---------- C_ �, 7 i)C; 5 Cl T11 7 PROPERTY 5 2_j j4 NONITI'11.1 S ------- ----- ------- ---------- ---------- - 496 68Q 121# 3 ,Q-) RESTR`tCTED FUND.) (Note 3) -? _? T ---------- ----------- CURRENT LLABILITIES: 484,27 1) 0 771 Accounts payable- Is 1_0 CURRENT ASSETS: 130 1i $ 728, $ 649,699 Deferred income - standbv fees 156 4 7 2, I Cash 33,002 28J12 h - 1,500 Consumer deposits -5 Notes receivable Refund payable to consumers (Note 2) 1,669 115,1 1`4 3 r Accounts receivable - consumer, lessit j 10 3 3 Accrued liabilitif�-s 14 L reses-ves of $47,100 and.$34.800, X� 298;477 15 3% 8"Do %_u rren t maturities long-term debt 4 i; 9 3 8, respectively i _______._- Ac-Count receivable - Purchased power L A f d (V' t ---------- ---------- Accounts receivable - other, less reserves of $13,600 and �14,000, Y respectively 138 307 -125,192 CUSTOMER ADVANCES FOR CONSTRUCTION (Note 3) $ 294.455 243,281 Cos t 1-88,878 Lnventory, at average en. ----- ---------- "ONTUGEIN" CIE o S "Note 6' ----- $19450,640 $1,1329840 ---------- --------- 81-0,7 3 1 - $111989372 J,814 0 7 3 1 (')19 J. The ,-.icconivanying notes, are in integral part. of tll-f(se hal,1111ce sheets. M Par.lw_a WE,;-I fzp,-%� fo low n l.l p-P T .T T`Y/ !)1 �rr 1,. J lam. i 3 1 MAY 14, 1979 SPECIAL MEETING The Special Meeting of the Board of Directors of the Truckee Donner Public Utility District was called to order by Vice President Kuttel at 7:54 P.M. in the District Office. ROLL CALL: Directors Huber, Sutton, and Kuttel were present. President Maass arrived at approximately 9:07 P.M. EMPLOYEES PRESENT: A. Milton Seymour, Susan Craig and Mary Chapman. CONSULTANTS PRESENT: P. Gregory Conlon, Richard Blumenfeld and Mary Lisby of Arthur Andersen & Co. were present; District Counsel Grumer was also present. WORKSHOP SESSION WITH REPRESENTATIVES OF ARTHUR ANDERSEN & COMPANY RE ANNUAL FINANCIAL STATEMENT Mr. Conlon, partner in charge of this assignment, introduced himself, Mr. Blumenfeld, the supervising manager, and Ms. L i sby, the senior auditor. Mr. Blumenfeld reviewed with the Board the tentative auditor' s report, a copy of which is attached to these minutes. It explains what the auditors are reporting on as of December 31 , 1978 - the balance sheet of the District, state- ment of revenues and expenses, operating and non-Operating margins, capital gains, and changes in financial position. The report goes on to explain that the audit was made following some standards established by the auditing profession. He noted that the report states, for the year ended December 31 , 1977, that the firm of Arthur Andersen & Company did not audit the financial statement. Those statements were audited by some other company; their report was issued and dated March 31 , 1978, and was qualified because of a legal action. Arthur Andersen's report makes reference to a footnote which discusses the legal action noted as the reason for the previous auditor's qualification (the Richmond case) . The ultimate outcome of the action cannot be determined at this time; they have qualified their opinion for the same legal action - the Richmond case. Relating to the Balance Sheets for 1977 and 1978, Mr. Blumenfeld explained in detail the assets, margins. and liabilities of the District. He noted that PUD land that is not being used for utility purposes, but is an asset of the District, is recorded in the records at the cost of acquisition, not the appraised value. He reviewed footnote number 3, Restricted Funds; discussion ensued regarding REA loan proceeds placed in trust to partially offset developers' advances for future construction which were used for general operating purposes. Director Sutton requested that the $78,072 shown under Customer Advances for Construction - Dart Industries Water Services (Footnote #3) - be detailed by a footnote. Mr. Seymour, relating to Footnote #3, requested "Facilities fees collected from customers for future installation of services" be changed to read ''facilities fees collected from customers for future ,procurement of source and storage." Mary Chapman requested that ''Connection fees collected'' - in Footnote #3 - be changed to "Portions of connection fees collected.'' Director Sutton noted that, for her, it would be simpler if the $66,357 list- ed under restricted funds (Footnote #3) were broken down into separate items. Respecting Accounts Receivable - consumer - Mr. Blumenfeld noted a large increase in 1978 due to a delay in billing and the fact that rates are up. Director Sutton asked that there be a footnote explaining the reserves of $47, 100 and $34,800 listed under this item. M0- D 1 e%i A 1 1 .-.,,A i-k-►+- nf-k�r- A r,+c Denrr,i,,rnk 1 a I r,-1, Aac c d-nr►rlk%i 13IJB1,101- t1l"I f,111Y DT IT R I JC Kl�'E-D 0 N N E IR STRICT STATLAUTS (JE OPERATING MAJR%G I N'Sp NONOPERATI W1 MARGIN'S AND CAPITAL GAj NQ$ 1 D H qzENDED 1)EC M ER 1978AN 1- 19------------------------------------ I Oporating, Nonoe p i7a-UL i.rig CC�A P i"k-,C-I A _ji a=-n s M a r� n s qr-7 BALANCF.S AT DEC-PABLA( 3] YX9018to9l 14 2 -.PJ i 4 Y 08 N(--�t- mLlrp-ins tor the i-,ea*,L- 240o598 /199(IR i :7 L AF ---------- -------- -------- -------- CZ 6,n e, ,-1 $,' /1 7 14 Z-t EMBER -3`11 107= 4,,.)8 0"1 1 10 BAI VNICES A'117 DE C I Ci N e jr.a r cr n s fo te e. t- ---------- -------- -------- -------- Q,4 9,-'1 71 i-, 1)A &- 2 C -R 3 DIT�'('P F"I B 2 ZZ Operating Mar insThis account is the accumulation of all prior years, earnings arising from operations or the District in Its capacity as an electricity or water supplier. Nonoperating Marp-ins This account is the accumulation of all priior. years' earnings arising from operations of the LAstrict in other operating capacities such as rentals and interest income. Capital Gains -- This account is the at--ci-twilation of a prior year's earnings arising from, t!-.e sale of t-ionutility 'Lands or bull-ILd-ings. •'. The acCom.p.any ing it are art Integi-alk pat-'L ot t.-Tkes--, e-.9 tat 1 4 -j- Y#;kb."r L " -DONNER PUBLIC UTILITY DI-STRICT STAI.'EMENI`S OF CHANGES IN FINANCIAL p0S I rr ION FOR I'hE r1.`E�RSI. ENDED DEC's."MBER 31 , 19'j`8 AND 1.977 1.978 1.977 FIJ ,'DS WERE PROVIDED BY : C)perations �Iet mar-gins $ 348 ,166 248 ,596 D e pr e c i C-1 t i o i-i. e*,-]X p e n E e ri o t'. e q tii r i rig a cu rre-n t Ll s e u f f*U rl.rd S 119 ,703 116 ,190 Other 1.61252 w"0.-w� --M Net fLmds -provided b.y operat.-LOELS $ 48411.21 $ 364,786 Constri.iction. and maintemince fti-rids con-tributed r-o tie Dis tr. i' r;t 47 , 600 16)808 Customer i-i.d-%7ance-s utilized for cons 51 )174 58 642 1n.i,.-.rease in long-term debt 251 ,801 'Ibtal fi,inds Provided $ 834.,696 $ 440 ,236 T P-7 jN DS WE_.R E LET ILILED FOR: Additions to util-ity plant $ .80 ,460 $ 1,42 ,264 Reductions in long- teryn debt 90 ,347 43 1145 .,%d.ditioas to r1r),stricted f-unds 127 ,654 23 ,969 C)t he:r mo 886 �Vm am a""ww Total. fi.inds ut.-I.Aized $ 598 ,461 $ 210 ,264 .w �. ft"a a m Im- am N .a em-M�&Q*aw m Increase in work-ing c2a-pital, $ 236 ,235 $ 229 ,972 "HANGES 1.'11.1 COMPONENTS OF WORKING CAPITAL: ON Increase: (decrease) in current, assets- ,�:�\,.�,,.,VA .009M-1 Cash 78 ,431 $ 5705808, Notes receivable (11500) Accounts receivable 220J42 8 , 044 , eyi 0 '11,1%1�1 (`� 1 229850 5 ,093123) (19 ,063) In- to ry Other current assets Refu,,-id r ece-.1-%7able 42 , 166) 317 )800 $ 522 )716 a*Im w w.01 Im 4m ""M m ( Increase) decrease in ci.trrent liabi1.itie.5- Acco,un,ts payable, $ (143 '4.99 $ (90 , 11.0) Deferred J..ncome - stand.b,,y fees (31294) (47 )862) 0 T'Istimer d.eplosits (4 ,390) (.8 ,864) .ke fund payabl.e to c on sim cz.r 1139474 (115 ,143) Accri.ied. 1.iabil.ities 39082 (30 ,765) C#.urr(-.-,,-nt matur)..ties of forg-term debdt (46 ,938) w a*W.-as sm a IM mp. No dw $ (81. 3 565 ) $(292 ,744) m -. ."mem i ow in worx,-mg capital. $ 236 )235 $ 229 )972 The iccompanying notes are an integral part of these statements . TRUCKEE-DONNER PUBLIC UTILITY DISTRICT NOTES TO FINANCIAL, S'FATEMENTS DECEMBER 31 , 1978, AND 1977 or..: i 1 z a _ion cm, d. Accounti Policies 2-a T Or&:mization The Truckee-Donner Public Utility District walls organized ZIZ-) a nonprofit organization under the Californ.'La Puh.lic Utility District Act to provide electric and water to a-i. porti' 01*1 of Nevada County described as Truckee and, Donner Lake . D reciation The rovision for depreciation is P provided using, the .c.;-traigi-i.t-line method over the estimated Is use Sul lj_,,�,es of the utility plant in cslery L- ce . Average annual composite were 3 ,54%, and 3 . 66% -in 1978 and .1977 , respecti,\,Yely. In general , retirements of utility plant and the cost of remov,,,C-�l dre., charged Lo accumulated depreciation , which is also crecli'Led w i th any salvage value. The cost of renewals and betterments i.c.; charged to plant. accouiits , The cost of main- tenance is r^6.f-_-.Lrged to operating expen,'.-P-e . Reve-noes The District dorl-!s not accrue an estimate 'for the amount of revenues tin'billed al-I the he inning or- end of 1, A the period . Street 'Light"I".nc- and hydrant serN; ices provided to VC61.ious pub'li.ic departrne�nts without cha-cge are not included in c,T_-,.eratj_n(.-T -,_-evenues The District maintains a noncontr-.*Lb-- Tens ionP1.an ut.-.ory , def..'L' r),ed. benefit pirz.nsion plan covering substantially all en;ployees wri.o have at le..,.st one Fear of service. It is the p(c).1i.c-Ny to fi-ind pension costs as accrued (see Note 5) . Tj t i.:l i tN7 Plant Utility plant is stated in conformity �.V-11-h Rural Administration Bulletin 181--l- , under wh a. i 0 %7 'Lue is assi�_.Med to donated assets . ' a b . Other assets are -.c.;'tated at cost less con'll:--ributions in aid of construction, 2 . Re c roac t ive Ad: tment of Power Rates D-u-c-JLng 1977 , the. D-istrict ' s electrical power supplier was denied art -increase in its wholesale electric rates by the Federal PoT�,ier C'ommission Oand was ordered to refund excess charges t.o clonsuniers for the period the unauthorized rates ;ere in effect . The District received a cash refund. of $1.66 ,304 , including interest , of which $42 ,166 was applicable to 1976 exp(--_-1nses and $1115 ,143 is refundable to consumers . The 1976 financial. .',st,:--itements were restated to reflect this adjustment. On .'Tanuary, 4, 1.979 , the District received a cash reftind in the amount. of $1.02 ,415 , iTICluding interest , from its , I-'A 11 j wholesale electrical po�vei. supplier. This resulted from refunds , o:-cfered. by the I.�I edera ar l Energy Reulatory Commission !,. f"o rme r 11 y 1,"ederal Power Commission.) which the suppliez- had r e c,el iv e d f o m i t s s u p p I-' L.ers and from audits of its fuel -clause b il 1.in g s 'T-n(:,i refund to t-he District covered purchases during th(: Period she 1978 financial. statements ha7e reflected the refund in account rec eit,7able.-purchased power refund and as an offset to purchased power expense , 3 . Res trice t('-!d Funds 1111 ,he District has, collected and restrictively deposited funds for future uses as follows : Customer Restricted Advances for Fund.s Construction Dart lndustries Water Agreement the D:ic�trr:i cNt: has col lec Leal, $40 pe-t-- lot. f(-.)r future water source a-nd storage fa cilities in the .6 de-velopers ' project $178i891 $_l78 ,897 REA loan proceeds - placed in trust to partially, offset developers ' ,. dvances for future c ons tr-uc t ion �.vliich Were u.sed for general o p er a t i n�� p urp oses 37 �056 Dar'..: Ind-us tri es water services S e t.t 1 El.flient - the District has collected fi.-inds for anticipated future repairs of water liries constriictecl. 'by Dart Industries 78 )722 78 ,072 Facilities fees collected from custom(:_�rs for future in.stall- ation of' services 22 )317 22 )317 Cannection fE--l'E!S collected from cus tome rs for the future purchase of water ineter-s> 15 )169 15 ,169 $332 )1,61 $294)455 t. ivvi6 11�i Ott, Other res)tricted funds- Loan prj_ncipal and interest fund in accordc-Ance with REA and Sierra Pacific Power Company loan agreements , prl" ncipal and inte".'est pavirients are to be placOkd on deposit un,Lil payment is di..,,,,,e $ 665357 Promis,(3a�Ly note pi-oceeds - placed in t--_-u st. to. be used for specific wat(?,,,7 c(Orl! truction pro-jec t s 62 � 365 Other 34 ,741 W $496 , 124• $294,4.55 4 ,. Lori. rr,,i Debt Y.,IEA bonds , seCUred by pledgi,,2 of all assets : 1978 1.977 First series bonds , pay-able in annual amounts -varying from $13 ,000 to $14 ,000 , in accordance with sinking fi.ind requirements , balanci:,.-_;b cue July, 1994 $21.1. 1000 $224 )OCO Second series 2% bonds , payable in annual amc.)z.ints varying from $3 ,000 to $5 , 0001, in accordance with sinking fund requirements , balance or $6 ,000 due May , 2002 91. �000 94 1000 ,n..,ird series 2" bonds , net of indrawn "0 funds (,,,►f $65 ,426 , payable in annual amounts varying from $3 ,000 to 86 ,000 ., in accordance with sinking fund r(.:.-quir-e-ments , balance of $8 ,000 due May, 2004 46 )574 49574 $348 ,574 $.`67 ,574 P The note payable to Sier ra lacific Power Company is due in se.miarnual installments of including interest , at a rate.. of 4. 68,/,,, with final pC-i.ymenL due in March , 1983 . The net revenues (as defined) of the Donner Lake Electric Svstem are pledf7ed as secul-ity . The agreement also requires -che District to establish separate accounting records , bank accounts fc)r - the I.-_rari (actions of ti-jis system, and a trust fund for payinen-ts on tf-ie note . I-Aif,--! promissory, note payable to the United States of America, 'Farr(je.-jr-s Home AdmInis tz,-at-ion is due in thirty-nine a P.ri U a 1. i n s t a"L 1 ments of: principal and interest of $14 ,800 The .I t i ri.t r e s t, r a t:e, i OcZ, 5 . 0 0% peg' a.n n u m Th�:- revenues kas defined) of tl-i.e District- ' s stater system are pledged as se�,-.%urity . The sewei_-- assessments are payabl(-2- over a twenty-year per-liod, interest at 7%, to Nevada County, Califl-ornia. pavmerir. -4*_s due in 1990 , The equi-pment notes payable to banks are secured by Com puter equipment and a truck. They are due in monthly -installments , including in-r.(--,k.rest at ')7%, of $8.3o through September, 1980 , and $356 thereafter through March, 1.9. 8il . 5 . P e n.s i o n PI a r ThLe to tal pension expense for 1978 and. 1977 was $2 , 7 41 and 17 5227 respect ively. In 'both ension fund ass,ets excee(cIed the actuarially compliLed present value of 'vested henefits . �6- 6 . Contincye�ac�t ies - Dart Industries Water, -a-nd Related " L,CIAW S U i t S In 1970 . an agreement was signed. between the District I - axed Da-rt lndl..ast-ries for the purpose of providing water service- required Dart to construct to a Dart su b4'i.-u'is ion. the ag-r �-V'ater source and storage facilities at Donner Lake . In December 1 C1 7 su1.)seq.1.j.(-::,nt- to completion of the facilities , ownership was trf Ins fe',1---.,,--ed to the Uistrict for future maintenance and operation. The Atto-J:n.ey General of the State of California has f ile d s u i t against '..h.e District and Dart to restrain them from using Don-ner Lake a�. ,,:) a water source . Since this action claims no monetary damages , the District has no liability resulting from t1l.As act-j�.on. Subsequent to the accep Lance of the water system, a citizens rT-roup has filed suit to have Dart reassume op eration an.d inainten,-i.n.ce of the water system. This <,action also clainis nc Ynonet(Ary dCamages to the Distri ct , I.n Ca x-elated action , a homeowners group filed suit a gainst Dart- , (.0.1aim.-Lng afriounts in excess Of $100 ,000 ,0 00 , and Dart has in turn. filed suit against the District and others , seeking indeiT.inity for all such claims . The outcome and p otential. inj,pact on, the District cannot presentiy be de-ter.mined, Ij—T 'I"R-U CK E E-D"D N N E R P U LB LIr L C 1 1.LITTY DIS TIC T , S "I" P4TEcomit,m�DrPTEMEOF DEPMNTM, OFERATT01` U,01 R iE Y:AIR NEWEL7 D E C M LZ ER 3 19 7 8 Electric Water - ------------------- Donner Total El iin i na L i on s I Uuckee Lake T rLi c 11c.e- Doni-wr OTPERATING REVENIT, A2;597,132 882 2 2'4 cz492 9 72---' $182,T.--3 ---------- -------- ---------- -------- -------- --------- OPER,A T-1 N G E AXk P FE.N S LE S -ed --)t-)wcr I-Iurcha-c $1 p469�942) $ $1 1241,013 $22'-)929 X $ Transmission 59,593 (66oO77) - - 61 599 64.071 Distribution 1459397 (17153) 84 601 51 5-S8 6,631 -v) Consumer accouni.s V'19863 , Q73 21 - J 6 4881 -4 00 7 8.00!. ,) Administrative and general 3429894 (11,619) 89,060 60,910 67,469 127,074 Depreciation 119,703 72t828 151,6359 31,063 173 interest- 35)808 Q 9 763 3.1-416--A .�,825- 19 5 Other - 7 ri ---------- -------- ---------- -------- -------- --------- -, �2�3059100 $U/:-)vS57) $1 1569,216 $3917.802 -19 051,13', $ 222 ---------- -------- ---------- ----- -------- -------- t-0, - Ope L i ng marlins ns (lo ",ss S 29211,32 $ *113 008 94 9912-6 $ A'b -116 1 10-7 01111 ic; g to IV 4F