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Q K N~ �_ O w ° Q' a m n F--� H rt m �• N rt '� xrt �y p, m N. t-' Q (t p H rt' (� > � 0 K � rpi ct m N rrt✓ � �, � m �. rt ,�. m ro �' �. a c+ �' cn m w K �'H. m rt . o d o O Ul �- � �3 O x P : C ro K Q . m m tJ• o rt�C o rt (D rt �- rt K K (D .. (D r,. N- (D m Q, � K n rt �, rt- H. +� c-t ° m b m rt. n �, m m rt- H. O m L � ro o N k a art H• : Q, r �. o ;° Fj• n � m � � � ort 0 p1-0 Pi K o rr o m �• N- � K 0 rt ro rr 0 rt K En o K o m �- ct b o f N M �' P) � 5 r't cn ro o O � m K K K m u) H, W n m � to � `Q phi D rt �3 � � rt* � m �$ o �c ss � En 'd P m � �' � � � o m �• � 0 t d n o 1a m (D �t O K rt m H P QJ ~' cmt � � 8 � n � (D K (D K rt 0 a to K Q ,,C ° r� ro �• Ifte p m ct a m N- �- O cn N O a n p r-h �' O �' r~j-' m m ` n t i ,.0 O� 7d rat b K K � to N• ro O x K r. n tl K ro .�. _ tin En P H � � m � (KD � N ct � �. �' M �-� K � � �`C t ° m N Q (D �,- �. C �,• r.t. Q m P) m K Q, � ro N• � '� F"� Fj. � m m K m K m n o � N u) ro ct �' rt. �• o ct- t t m .�0 m KO ° m ct 1 (D m �' ° (DD • el K m ,t..., Director Maass moved, and Director Corbett seconded, that the minutes of May 4 1981, be prepared in final form as corrected. ROLL CALL: all Directors, aye. SO MOVED. STATEMENT OF GENERAL FUND AND BILLS FOR BOARD APPROVAL The bill from Alpine Home Furnishings for a small table for the Board Room in the amount of $106 was mentioned. With respect to the $192.38 interest on late filing of the Electrical Energy Surcharge Report for the first quarter to the State Board of Equalization, the Manager was asked to investigate and de- --� termine the reason it was not filed in a timely manner and report to the Board. Director Duffy moved that the bills presented be approved for payment. Director Kuttel seconded the motion. ROLL CALL: all Directors, aye. SO MOVED. AUTHORIZATION TO TRANSFER FUNDS FROM RESTRICTED AND GENERAL FUNDS TO THE MARTIS VALLEY SUBSTATION RESTRICTED FUND General Manager Holt provided the Board with a copy of the Restricted Funds report prepared as of December 31, 1981. After some discussion with respect to projected revenues and expenses, Director Maass moved that the Board authorize transfers in the following amounts to the Martis Valley Sub- station Restricted Fund: $127,567.48 from account 136.18; $47,124.57 from ac- count 136.10; $3,007.05 from account 136.06; $21,042.92 from account 136.04; $25,916.15 from account 136.03. Director Duffy seconded the motion. ROLL CALL: all Directors, aye. SO MOVED. After more discussion concerning upcoming substation expenses, Director Duffy moved that the Manager be directed to prepare a chart showing where the revenue to cover such costs will be obtained. He agreed to have the chart ready for review by the Board at the next meeting. COMMITTEE REPORTS There were no committee reports. PUBLIC HEARING ON GS-1 COMMERCIAL RATE ADJUSTMENT President Huber opened the public hearing at 8:25 P.M. , and explained that on April 6, 1981, the Board adopted Ordinance No. 8109 for the purpose of increasing GS-1 commercial rates. In error, the existing rates were in- serted in the ordinance with the result being no change in the rates. There being no questions or comments from the audience, the hearing was closed. Director Duffy moved, and Director Corbett seconded, that the Board adopt Ordinance No. 8111 correcting GS-1 Commercial Electric Rates. The Ordinance shall read ". . .Energy Charge: $7.40 per month for the first 100 kwhrs, or less, and all kwhrs thereafter shall be billed at the rate of 5.7� per kwhr . . ." The fuel charge (as of this date) is to be inserted. ROLL CALL: all Directors, aye. SO MOVED. CONSIDERATION OF RESOLUTION FINDING THAT PONDEROSA RANCHOS ANNEXATION WILL NOT HAVE A SIGNIFICANT EFFECT ON THE ENVIRONMENT AND DIRECTING THE FILING OF A NEGATIVE DECLARATION FOR THE PROJECT After review of the Environmental Impact Assessment prepared by Cook As- sociates, Director Maass moved, and Director Duffy seconded, that the Board adopt Resolution No. 8143 finding that the Ponderosa Ranchos Annexation will not have a significant effect on the environment and directing the filing of a Negative Declaration for the project. ROLL CALL: all Directors, aye. SO MOVED. The District Engineer noted the passage of Resolution No. 80-142 by Placer County which governs exchanges of base property tax revenues in events of juris- dictional boundary change, and suggested the Board consider accepting such reso- lution formally. Director Duffy moved, and Director Kuttel seconded that the Board adopt Resolution No. 8144 accepting Placer County Board of Supervisors Resolution No. 80-142 respecting Ponderosa Ranchos Annexation. ROLL CALL: all Directors, aye. SO MOVED. 6/1/81 pg. 2 V The Board reviewed the Simplistic Activities Diagram on Ponderosa Ranchos prepared by District Engineer Cook. Don Casler, the developer of the project, requested that work on the Development Agreement commence, and District Counsel Simon noted that as soon as final plans and specifications have been approved by Mr. Cook and provided to him he will do so. Mr. Casler presented the project plans to Dan Cook. DEVELOPMENT AGREEMENT WITH PONDEROSA ESTATES - POSSIBLE DIRECTION AND/OR ACTION It was noted that Cook Associates has returned the improvement plans to John Roth, developer of Ponderosa Estates. He is awaiting the initial sub- mittal on the pump design, the electrical design associated with the pumping facility and the building housing the pump and related items. Cook Associates is also awaiting the revised electrical power distribution facilities to de- termine conformance with the other physical facilities and properties proposed. Well testing was initiated, but shut down on May 29, 1981, because of lack of appropriate spark arrestor on the engine generator set, lack of residential silencer on the engine, lack of appropriate noise attenuators, and lack of a temporary drainage and/or overflow easement over adjacent private property.. Mr. Roth was reminded that Forest Service easements will be required in order to effectuate connection between his project and Olympic Heights. Possible effects of the Roth well on nearby wells were discussed by the Board, Mr. Cook and the Beardsleys (property owners adjacent to Roth's project) . Director Maass suggested, and the Board agreed, that the adjoining property own- ers be invited to hear Bill Nork's well report when it is presented. Mr. Roth agreed to silencing the engine and providing appropriate noise attenuators to the satisfaction of the Beardsleys. The Beardsleys agreed verb- ally to grant Mr. Roth she necessary drainage and/or overflow easement during the well testing. District Counsel Simon stated that, when he has received the final docu- ments as approved by Dan Cook, he will draft the Development Agreement. REVIEW OF BIDS AND POSSIBLE AWARD OF REMODELING CONTRACT Two bids on the office remodel were received: Dig It Engineering Company in the amount of $81,787, and Kingdom Construction in the amount of $74,940. Both bidders are from out of the Truckee-Tahoe area. Also received by the Board was an alternate proposal from Thomas Mueller for the remodeling. Mr-. Mueller was present, and indicated he provided the alternate proposal for consideration by the Board in the event that the qual- ified bids were rejected. He mentioned the restrictive payment schedule set forth in the bidding documents, and the fact that more local contractors may have submitted bids if progress payments were offered. The Board agreed that it would be beneficial to the District to award the contract to a local contractor and, thereafter, Director Maass moved that the bids received be rejected, the payment schedule rewritten and the District again go out to bid. The Engineer was directed to readvertize and prepare the amended documents. Director Corbett seconded the motion. ROLL CALL: all Directors, aye. SO MOVED. REVIEW AND ACCEPTANCE OF 1980 FINANCIAL STATEMENT PREPARED BY ARTHUR ANDERSEN Richard Blumenfeld of Arthur Andersen and Company advised the Board that .., the examination of the TDPUD balance sheets as of December 31, 1980 and 1979, and related statements of net revenue and funds provided for additions to the plant have been completed. Arthur Andersen's opinion has been qualified for the following reasons: 1) the District is a party in a legal action which seeks damages in excess of $100 million from various defendants, including the District. The ultimate outcome of this legal action and the effect upon the District, if any, cannot be determined at this time. 2) Also, the District is required to meet certain covenants which result from the issuance of a prom- issory note payable to the United States of America, Farmers Home Administration. 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ENERGY AUDITS i General Manager Holt advised of a possible grant from the California Energy Commission for energy audits and briefly explained the program. REIMBURSEMENT TO DIRECTORS (OR THEIR EMPLOYERS) FOR WAGES LOST DUE TO LEGAL COURT APPEARANCES ON BEHALF OF THE DISTRICT (REPORT BY COUNSEL) District Counsel Simon noted that research with respect to reimbursement to Directors for wages lost due to legal court appearances on behalf of the Dis- trict is still underway. His tentative conclusion is that the Board should con- sider increasing the basic compensation to the limit established by law. WATER SYSTEM IMPROVEMENTS - PROJECT 79-1 - RATIFICATION OF EXECUTION OF CCO#3 AND RIDER TO CONTRACT BOND District Engineer Cook reviewed with the Board Contract Change Order No. 3 in the amount of $500, which was executed by the President after a favorable poll of the Board on May 26th. The increase in the contract price is due to a premium increase for a $1,000 umbrella excess of $500,000 B.I. primary and $300,000 P.D. Primary. The Change Order is satisfactory to the Farmers Home Administration. Director Duffy moved, and Director Kuttel seconded, that the Board ratify President Huber' s execution of the Change Order. ROLL CALL: Corbett, aye; Duffy, aye; Kuttel, aye; Maass, abstain; Huber, aye. SO MOVED. Director Maass advised his abstention was due to the fact that, when polled, he was not in favor of approving the increase prior to reviewing the change order. After a brief review of the Lenders Dual Obligee Rider to Contract Bond, Director Duffy moved, and Director Kuttel seconded, that the Board ratify the Chairman's execution of the document. ROLL CALL: all Directors, aye. SO MOVED. ALTERNATE ENERGY SOURCES Director Duffy suggested that a cost effective analysis of each manner of obtaining energy be explored prior to Board discussion of any particular alter- nate. MARTIS VALLEY SUBSTATION District Engineer Cook reported that R. W. Beck and Associates has for- warded to him a request for soil analysis of the substation site. The spec- ifications of the analysis are so extreme, he anticipated a cost of $15,000. After discussion, he suggested that the Chairman contact Peter Collet of R. W. Beck and inform him that the specifications for the soil testing exceed what is necessary, and ask that they be amended to be more in tune with the size of the project. She agreed to do so. HYDRO PROJECTS With respect to Senate Bill 306, Mr. Holt advised he has forwarded a letter to the American Public Power Association asking for their assistance in deter- mining the proper course of action for the District. He- also forwarded to the APPA maps showing the location of Boca, Prosser and Stampede Re se vo it s and their proximity to the District. Lyle Tomlin.of the Bureau. of Reclamation has advised Mr. Holt that con- sideration of development of Boca and Prosser by Federal agencies has been de- leted from SB306. If the District wishes development of these two sites to be considered, requests should be forwarded within the next two or three weeks (before the bill comes before the Senate) . TELEMETRY SYSTEM EVALUATION - STATUS REPORT The evaluation of the telemetry system has not yet been received by the District. 6/l/81 pg. 5 CRITICALLY DEFICIENT SOUTHSIDE AREA - STATUS REPORT Mr. Cook advised that there are 76 dwelling unit equivalents remaining in the Southside Subservice Area. PROJECT 79-1 The portion of Project 79-1 having to do with the hospital was discussed. With construction by the hospital of the .new heliport and with necessary un- dergrounding of electrical wires in mind, the Board directed that the Hospital ..-, Board be asked for a decision as to whether or not undergrounding electrical facilities should be done during water line installation. The General Fore- man is to provide a cost estimate for their consideration. CIVIL SERVICE PROCEDURE - STATUS REPORT The Board had recently been presented with policy and operating procedures pertaining to disciplinary action and a civil service system prepared by Jim Lloyd. Due to the lateness of the hour, the matter was put over to the next meeting agenda. CONSIDERATION OF RESOLUTION ISSUING A CALL FOR BIDS - FIVE PARCELS DETERMINED UNNECESSARY FOR DISTRICT USE With respect to District Parcel C, Mr. Bonnett's reappraisal and the nec- essary letter disclaiming interest from the Recreation and Park District have not yet been received. The item will be placed on the June 15th meeting agenda. CONSIDERATION OF RESOLUTION AUTHORIZING THE PRESIDENT AND CLERK TO EXECUTE AN AGREEMENT FOR CONSTRUCTION AND OWNERSHIP OF DOMESTIC WATER SUPPLY SYSTEM, MARTISWOODS ESTATES ASSESSMENT DISTRICT, PLACER COUNTY, CALIFORNIA After appropriate review of the draft resolution, Director Maass moved, and Director Kuttel seconded, that the Board adopt Resolution No. 8145 auth- orizing the President and Clerk of the Board to execute an agreement for con- struction and ownership of a domestic water supply system, Martiswoods Estates Assessment District, Placer County, California. ROLL CALL: all Directors, aye. SO MOVED. MOBILE OFFICE WINDOW INSTALLATION - POSSIBLE DIRECTION Gene Holt advised that two fixed thermal windows and three opening thermal windows can be installed in the mobile unit for a cost of $1,089. It was noted that this work should have been accomplished at the time of the remodeling. Director Duffy moved, and Director Maass seconded, that the windows be install- ed. ROLL CALL: all Directors, aye. SO MOVED. DISCUSSION AND POSSIBLE DIRECTION REGARDING SHORT TERM RENTAL OF THE 1.9 ACRE PARCEL The problem of various vendors parking on the 1.9 acre parcel owned by the District for the purpose of selling their wares was discussed. Director Maass suggested blocking the entrance to the property to discourage this practice and placing "no trespassing" signs. The Board was in agreement. DISTRICT ENGINEER'S REPORT Elimination of private water sources and lines within the District Mr. Cook noted that the necessary data has been gathered and the assign- ment is nearing completion. He indicated a report would be ready for con- sideration at the June 15th meeting. Report on monitoring wells (re groundwater quality - TTSA proposed expansion) Mr. Cook advised that Mssrs. Scalmanini and Dendy have not given the monitoring well project any further consideration since the TTSA Board meeting at which time TTSA agreed to participate in the monitoring well construction and related data collection efforts. Mr. Cook will contact them and advise that the Board would like them to go forward with the project. 6/1/81 pg. 6 Leakage Survey Dan Cook briefly mentioned two different methods used for leak detection - the aquaphone method and pitot rod method. He indicated he would like to proceed with testing as soon as possible. DISTRICT COUNSEL'S REPORT Alpine Deli Variance In response to a question posed by Director Corbett, District Counsel Simon indicated he would check into Fire District variance regulations prior to preparing the agreement to be signed by the District and Mr. Notz. CORRESPONDENCE Truckee Sanitary District Mention was made that the TSD would be discussing Telephone Company problems with their telemetry system at its next regular meeting. John Schmidt With respect to correspondence from the Schmidts having to do with a utility bill, the Board asked for copies of all pertinent letters, bills, etc. The matter will be placed on a September, 1981 meeting agenda. PLANNING DEPARTMENT NOTICES Bill Williams - Relating to Bill Williams' proposed development on the north side of Highway 267, there was brief discussion, but no direction. Richard Joseph - The Board did not have any objections to the zone change pro- posed by Mr. Joseph for property located on Donner Pass Road. Pierre Scott - President Huber made note'of possible avalance danger with re- spect to the proposed development on the south side of Southshore Drive at Donner Lake. EASEMENT ABANDONMENT Respecting the requested easement abandonment of the common lot line, Lots 273 and 274, Tahoe Donner, Unit 1, Mr. Cook advised that sewer service is the only utility utilizing the easement. He will respond on behalf of the PUD. CORRESPONDENCE Truckee Sanitary District - The Board made note of correspondence from the TSD to Donner Creek Village Trailer Park (Mr. Toomey) which indicated a de- linquent payment in the amount of $14,014.76 for sewer service fees. Department of Health - The Chairman asked if the April 27th letter from the Department of Health asking for a revised domestic water permit application had been taken care of. Since no action has been taken as yet, the matter was.referred to the District Engineer for completion. CLOSED SESSION President Huber adjourned the meeting to closed session at 12:30 A.M. RETURN TO PUBLIC SESSION The meeting was returned to public session at 12:54 A.M. , and the Chair- man indicated the Board discussed legal matters concerning the fire on West River Street and personnel matters. No direction was given or action taken. TRUCKEE DONNER PUBLIC UTILITY DISTRICT Y Roberta C. Huber, President �usan M. Craig, putt' D' rict Clerk 611/81 pg. 7 TRUCKEE-DONNER PUBLIC UTILITY DISTRICT STATEMENT OF GENERAL FUND - May 26, 1981 Bank Balance - April 30, 1981 $ 419180,42 Electric and Water Revenue 3049087.51 Electric Connection Fees 12,435.00 Water Connection Fees 75293.50 Facilities Fees 29100.00 Miscellaneous Billings Revenue 143.09 Miscellaneous Revenue - office supplies, sale of 306.21 stamps, material Standby Revenue 129450.00 Interest Revenue 30,489.34 Transfers from LAIF 6869000.00 $ 19096,485,07 Approved Billings $ 3489974.88 Bank of America - Federal tax deposits $ 89483,34 - LAIF deposits 5975000.00 6059483.34 George Cattan - pension plan payment 258.75 Directors - Board meeting attendance 500.00 Employment Development Department - State 1 9619.93 disability and state income tax withheld for 4/81 Employee telephone - Reynolds, Straub, Norton, Lopez, 34.95 and Silva IBEW - union dues 359.80 Petty Cash - to reimburse fund 293.22 Refund: M & M Concrete, payment on invoice twice 155.93 Refunds: Southside area 99876.00 Refunds: Credit balance on closed accounts 232.15 Refunds: Line extensions 302.15 Social Security Division - Deposit for the month 6,429.55 State Board of Equalization - Electrical energy 35366.89 surcharge report, quarter ended 3/31/81 U. S. Postmater - Postage Permit #1 $ 700.00 �.,.,. - Stamps 180.00 880.00 (978,767.54) PAYROLL OT DT Gross Net 4/30/81 Permanent 300.44 42.24 23,824.95 169705.04 Part-Time - - 375.68 220.33 5/15/81 Permanent - 49.28 242242.22 179184.35 Part-Time - - 362.56 284.26 Totals 300.44 91 .52 489805.41 349393.98 (345393.98) Bank Balance - May 26, 1981 $ 83,323.55 Bills for Board Approval - see attached list (2925631 .99) Bank Balance after payment of above (2095308.44) LAIF Transfer to cover above bills 210 9000.00 Bank Balance after transfer $ 691 .56 General Fund Balance in LAIF and Public Time Deposit is $ 247 5002.12 after above transfer pi-% BILLS FOR BOARD APPROVAL: Aftm Total Electric Water General. Description Aetna Life & Casualty 87.61 87.61 Life insurance, 5/81 Allied Petroleum 133.62 133.62 Sales tax due on previous purchase Alpine Home Furnishings 106.00 106.00 Table for board room Allied Automotive 70.11 7.91 7.95 54.25 Antifreeze, wrench & punch Amfac Electric Supply 349.30 70.50 278.80 Swivel anchor hooks, wrenches, water hardware & machine bolts R. W. Beck and Associates 29589,61 29589.61 Engineering services, substation Bi-State Petroleum 248.04 248.04 Motor oil & lube State of California: Dept of General Services 192.38 192.38 Radio maintenance, 4/81 State Board of Equalization 33.67 33.67 Interest on late filing of Electrical Energy q Surcharge Report, first quarter Camellia Valley Supply 554.96 554.96 Copper adapters, portable water pump, suction hose & strainer Central Bank 37.00 37.00 Rent for five night bags Clark Stationers 192.45 192.45 Office supplies Cook Associates 59336.39 51.52 19880.11 39404.76 Engineering services, 5/81 Coopers & Lybrand 79475,00 79475.00 Consulting services re employee benefit program Crawford's Automotive 275.32 275.32 Vehicle repairs Credit Bureau 10.00 10.00 Dues, 5/81 Crown Life Insurance 899.82 899.82 Long term disability, 5/81 Davis Auto Parts 14.99 14.99 Miscellaneous vehicle parts Digital Equipment Corporation 99.00 99.00 Maintenance on computer, 4/.81 Farmer Brothers Coffee 22.92 22.92 Coffee Freeman Plumbing 96.20 96.20 Connect sewer line to mobile office General Pacific, Inc. 2,385,18 29385.18 El ectr-i c meters, ground rod clamps, copper Graybar Electric 248.25 152.85 95.40 Angle steel, steel city cutter, bolt cutter James Hansen and Associates 19226,07 19226,07 Engineering services, 3/81 & 4/81 Hersey Products, Inc. 423.21 423.21 Repair.parts for turbine meter Roberta Huber 38.80 38.80 Mileage reimbursement for meeting with Tudor Eng. Jensen Pre-cast 19831.68 1,831.68 Vault covers & lids Ken's Sweeping Service 50.00 50.00 Sweep parking lot Levinson Bros., Inc. 602.00 602.00 Insurance McDonough, Holland & Allen 39134.56 39040,26 94.30 Legal services, 4/81 (Garbutt & Roen) K. Miller Interiors 68,90 68.90 Blind for office Mountain Electric 133.02 133.02 Replace pump controller, Tonini Springs Total Electric Water General Description Mountain Hardware 2.51 2.51 Paint brush Nebs 20.83 20.83 Office supplies North Supply 1 Company 29000.63 29000.63 Security light, sleeve, cl evi s, guy strand, wire p Y Charles Ol ano 195.00 195.00 Light stand for boom truck, welding Pacific Telephone 402.78 20.78 Monthly telephone charges, 4/81 (includes refund p from CPUC ruling of $622.21) 382.00 Monthly telemetry charges, 4/81 Pioneer Equipment 107.05 107.05 Vehicle filers, etc. q 1 056.80 Monthly retainer plus expenses, 4/81 Public Employer Personnel 1,056.80 � y p p Consultants Record Supply 1 Company 29132.69 29132.69 Steel lids, fire hydrants, concrete lids, dies, p Y pipe wrench, hydrant extensions, ells Red Star Industrial 119.30 119.30 Linen services, 5/81 Rural i to Services, Inc. 138.25 138.25 Safety training, 3/81 Safety Line, Inc. 224.36 224.36 Electric tools Sears Roebuck and Co. 105.99 105.99 Fol di nq door for mobile office ' Sierra Pacific Power Company 2519958.69 2519906,53 Purchased power, 4/81 52.16 Martis Valley Substation charges, 3/81 Sierra Sun 106.75 73.50 33.25 Publication of Advertisement for Bids & Fire Hydrant Maintenance Fees Ronald Sieverson 20.00 20.00 Installation of folding door Supply Siri Office Su ly 387.75 387.75 Office supplies and office equipment Snap-on Tools 29.57 29.57 Sockets Standard Register Company 611.40 611.40 Office supplies SunPrinting 101.62 101.62 Office supplies Tahoe Truckee Disposal 105.50 105.50 Garbage service, 4/81 Tahoe Truckee Supply, Inc. 12.34 12.34 Pipe fittings Teichert Aggregates A re ates 81.95 81.95 Fill Truckee Donner Glass 11.53 11.53 Glass Truckee Lock Shop 39.40 39.40 Lock for drawer and keys J. S. Truckee Rents 47.70 47.70 Forklift rental Truckee-Tahoe Lumber 92.70 42.52 50.18 Survey stakes, rebar & concrete tools Tudor Engineering Company 19000,00 13000.00 Engineering services, 3/81 g g permit,USDA - Forest Service 30.00 30.00 Powerline p a 4/81 - 12/81 Western Hardware & Tool 52.47 52.47 Gaffs Withrow Oxygen Service 24.49 24.49 Acetylene cylinders Wood Porter, Simon & Graham 29445,88 75.00 19100.00 19270.88 Legal services, 4/81 2929631,99 2609976.46 119818.91 199836.62 fj �Y 1� TRUCKEE DONNER PUBLIC UTILITY DISTRICT Restricted Funds Report - Electric Department Required re - Total. Deposit Avai lab e • Deposit _ - r 31 --December . 1980 minimum de s i.t.required red per Arthur Andersen P - . 136.03 REA_-M Deposit_per. loan agreement.-,. P° 44916.15 19000-00- - 25916.1.5 _. & Company is $19,000000 a _ agreement deposit. per loan agreement--- minimum-136.Q4 SPPCo.-_..Donner Lake purchase-agree - •• 39468.92-- - 18426.00 21042.9 -- -.. 2 6.00 deposit.required per Arthur. Anderse ompany is 18 4 . .___-.____.-- is the unclaimed checks that were ___�_ 3007 sere .__. - .05 - 136.06 _ -. is balance represent .05 Refund SPPC this 3007_ r refunded to customers in Apr it, 197 8 eats..loan_ • • t represents proceeds-which.were.r.eceive .,._136.10-_REA-.-- Loan_,proceeds this amount P re and aid capital improvements to the sys_t P ____ ____as reimb nt for electricP _ ursemne - -- -- de sited to restricted f unds _--_______.___...... _- d s The amount was pQ _ _for out o f General Fun __.__-- - __. -- _._ - _ al a m movements _in_-the Electric-_Department,_-- -..__.__--_.____--- .___ ___ 47124,57.. __.._ P. to be used for further capit _ further 4712 4.5 and is a self-imposed restriction _ __ ___ been:discussed di scuss ed that this.amount_would_be kept on--deposit s .. .-'- . _.127567.48.. . Ref and -- it has _ 1�7 -- - - - . a self-imposed restriction and used to help pay for the substat10 -, _ _. _ --- - _. n • 8.17.. .. .00 2 -37426 - TOTAL FUNDS -------- , _.. r ---------------- 29 —LA11 13 AG/sm t , _ i • ~• 1 1 i —__...._...,..,.—r.., ........_. ..—._ {—.—«. a i..._. ._._._....�..... .. ---r j i � 6 1 ! j '— , f$ � , � � f� 411i 'l f li 1 , t �;� O7 } I I ( 1 t ttt' E4 2 �/ i �___ r •, s , ;1 , t f 1 f _ r 1 t ( 4 1 _• 4 ARTHUR ANDERSEN & Co. SPEAR STREET TOWER, SUITE 3500 ONE MARKET PLAZA SAN ]FRANCISCO, CALIFORNIA 94105 (415) 546r8200 March 27 , 1981 The Board of Directors Truckee-Donner Public Utility District P. O. Box 309 Truckee, California 95734 We, as independent public accountants , have examined the financial statements of Truckee-Donner Public Utility' District for the year ended December 31 , 1980 , and have issu ed our report thereon dated March 27 , 1981 , which was qualified subject q ub�ect to the effect of any adjustments that might have been a required had the outcome of a legal action w q g which seeks damages in excess of $100 million from various defendants , includingthe District, and an uncertainty as to whether or not the District has met and requirements fulfilled the re q is of certain covenants resulting from the issuance of notes payable been known. Our examination was made in accordance with generally accepted auditing standards and, accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessaryin the circumstances . .., In connection with our examination, we performed t ' procedures p he auditing p s specified in REA Bulletin 185-1 ; 465-1 , as amended that apply to material amounts in the financial statements . The following comments are resented • the requirements p in accordance with q is of REA Bulletin 185-1 ; 465-1 , as amended: I . As a part of our examination, referred to abo ve, we made a study and evaluation of the District ' s system of internal accounting control to the extent that we considered necessary to evaluate the system as required b generally accepted Y q d Y g y cepted auditing standards . Under these standards , the purposes of such evaluation are to establish a basis for reliance on the system of internal ernal i accounting control n determining the nature timing, and extent of other auditing procedures that are necessary for expressing an opinion on the financial statements and to assist us in planning and performingexami- nation of the financial statements our exa 'mi . 4 lip ARTHUR ANDERSEN & CO. -2- The objective of internal accounting control is to provide reasonable, but not absolute, assurance as to the safeguarding_ of assets against loss from unauthorized use or disposition, and the reliability of financial records for preparing financial state- ments and maintaining accountability for assets . The concept of reasonable assurance recognizes that the cost of a system of internal accounting control should not exceed the benefits derived and also recognizes that the evaluation of these factors necessarily requires estimates and judgments by management, There are inherent limitations that should be recognized in considering the potential effectiveness of any system of internal accounting control . In the per- formance of most control procedures, errors can result from misunderstanding of instructions, mistakes of judgment, carelessness or other personal factors . Control procedures whose effectiveness depends on segregation of duties can be circumvented by collusion. Similarly, control procedures can be circumvented intentionally by management either with respect to the execution and recording of transactions or with respect to the estimates and judgments required in the preparation of financial statements . Further, projection of any evaluation of internal accounting control to future periods is subject to the risk that the procedures may become inadequate because of changes in conditions, and that the compli- ance degree of li- g p ance with the may deteriorate, P y eriorate. Our examination of the financial statements made in accordance with generally accepted auditing standards including the study and evaluation of the District ' s system of internal accounting control for the year ended December 31 , 1980 , that was made for the purposes ur set forth above would P P not necessarily disclose all weaknesses in the system because it was based on selective tests of accounting records and related data. However, such study and evaluation disclosed no conditions that we believe to be material weaknesses . The following comments are based upon our review and tests of the system of internal accounting control referred to above: 1 t ARTHUR ANDERSEN & Co. -3- a. The accounting records were in satisfactory condition; accounting and reporting pro- cedures were operating with reasonable effec- tiveness and our tests indicated that the methods used were adequate to accumulate costs of material , transportation, labor and overhead, and to provide for a reasonable distribution thereof to construction, retire- ment, and maintenance or other expense accounts . b. The controls over materials and supplies were operating with reasonable effectiveness and there were no significant discrepancies among invent the physical ory, the perpetual inventory records , and the general ledger balances . C . During the course of our examination, we made a number of suggestions for improving the District ' s procedures and for strengthening its existing system of internal accounting control . These suggestions , however, did not relate to conditions that we believe to be material weaknesses . 2. Although the scope of the examination referred to in the above paragraph was not designed for the specific P purpose of disclosing any event of default, in making our examination, we noted no instances where the District had not complied with and/or obtained a waiver from th e provisions of the documents evidencingits loans from ro m various parties , except for the note payable to the United States of America Farmers Home 'Administration. See Note 3 of the notes to the December 31 , 1980 financial statements for a discussion of the uncertaintyas to whether the District met the requirements of the Farmers Home Administration indenture. 3 . As a part of our examination, we reviewed a copy of the Dece mber 31 , 1980 Financial and Statistical Report (Form 7) for Truckee-Do P Truckee-Donner Public Utility District, on file at the District. The financial statements incl uded therein are presented for electric operations only. The District does not maintain separate complete financial records which clearlyP delineate between the electric and water services . we were advised by the District that the financial statements included in the Form 7 are in agreement, in all material respects , with the District' s accounting records , to the extent practical . c 1 ARTHUR ANDERSEN & CO. -4- 4. The District does not utilize or is not a art to party any management, operations or billing service contracts in any of its operations . 5 . All of the District ' s cash deposits at December 31 1980 were in institutions whose accounts were insured1b an i agency of the federal y g y government to the extent provided by statutes . b. We were advised by the District that insurance certifica- tions (REA Form 55) were furnished to REA duringthe year ended December r 31 , 1980 , reflecting information tion contained in the policies maintained by the District. 7 . The District is organized as a nonprofit organization under the Californiafornia Public Utility District Act and, as such, is a tax-exempt organization and is not required income tax returns to file federal or stateq . 8. As the result of our examination, the followingadjusting dusting journal entries were recorded on the District ' s books . The following reclassification journal entries were made for statement purposes only and were not recorded in the District ' s books : Adjusting Journal Entries Account Title Debit Credit Accounts receivable - Consumer $55,888 Electric revenue 55 $ ,888 To record revenue from a meter omitted during 1980 meter readings . Bad debt reserve 10 ,255 Bad debt expense 10 ,255 To write off delinquent standby fees . t ARTHUR ANDERSEN & CO. -5- Account Title Debit Credit Construction work in process 9 ,047 Accounts payable 9 047 To record late invoice received from outside contractor. Reclassification Journal Entries Account Title Debit Credit Long-term debt $34,468 Current maturities of long-term debt 4$3 ,468 To reclassify 1980 maturities of long-term debt. Operating revenues 111 ,019 Operating expenses 111 5019 To record elimination of inter- departmental sales. This report is submitted •p bmitted pursuant to the reporting requirements of REA Bulletin 185-1 . 465- 1 , Part IV, Section VII , as amended, and is to be used for no other purpose. Very truly yours , ARTHUR ANDERSEN & CO. SPEAR STREET TOWER,SUITE 3500 ONE MARKET PLAZA SAN FRANCISco,CALIFORNIA 94105 *. (415) 546-8200 May 14, 1981 ` Board of Directors Truckee-Donner Public Utility District P.O. Box 309 Truckee , California 95734 Directors : The accompanying memorandum includes suggestions for improvement of accountinggg procedures and internal accounting control measures that came to our attention as a result of our examination of the financial statements of Truckee-Donn Public Utility District for the year Truckee-Donner • y ended December 31 , 1980 . The matters discussed herein were considered b ` y us during our examination, and they do not modify the expressed opinion ex P p ed in our auditors ' report dated March 27 , 1981 on such finan cial statements . In accordance with generally accepted auditing standards , we performed a review an •d evaluation of existing internal accounting controls for the purpose ur of providing p P p oviding a basis for relia nce thereon in determining the nature, timing and extent of the audit tests applied i r pp n connection with our examination of the District ' s 1980 financial statement While certain matters which came to s . our attention during the review are presented in the accompanying memorandum ' � for the considerati on of management, such a review was not designed J for the purpose of makingdetailed g recommendations and would not necessarily disclose all weaknesses in the existing g The accompanying memorandum also includes comments and suggestions with respect to other financial an •d administra- tive matters which came to our attention duringth of our examination of the e course financial statements . These comments are offered as constructive suggestions for the consideration nslderation of management as part of the ongoingprocess of ' and improving P modifying • .p .g accounting control and other financial and administrative practices and procedures. Very truly yours , 1)y INTRODUCTION As part of our examination of the financial statements of Truckee-Donner Public Utility District as of December 31 , 1980 , we reviewed the accounting procedures and internal controls of the District. The comments and suggestions in this memorandum are based upon observations made in the course of such review. In submitting these suggestions , we do not intend to criticize the work of any individual ; nor do we consider these suggestions as final recommendations as to action which should be taken. On the contrary, our desire is to offer suggestions which will be constructive and will stimulate further consideration of the points outlined. BILLINGS FOR UTILITY SERVICES During our examination, we noted two separate billing situations which disclosed areas where the District could strengthen its controls over billings for utility services. The first was a large commercial user which was reconnected but not billed for eight months . The billing was not prepared, since meter reads were not performed. Meter reads were not performed, since the proper service installation documents were not completed. The District became aware of this situation when the customer inquired about an apparent low billing. The second situation involved the billing of a commercial customer at a residential rate. This occurred when the common area meter of a condominium project was set up at a residential rate. 'N•••. -2_ lie The total elimination of deviations •ions in utility billings is desirable but not easyto control * Unprocessed or uncom feted P _ service documents and rate code errors •will periodically occur. The following techniques could im prove the District ' s controls over billings for services to helpm' • minimize such occurrences : 1 . Perform a periodic reconcil iation of all District meters , accounting for in warehouse re and in service. The number of in-service meters should then be reconciled to th number of meters being billed, e . 2 . Perform a reconciliation of the kilowatt hours purchased to the kilowatt hours bil led, recognizing historical (normal) line loss , mete red and unbilled services and billing s ,la � purchase/ g 3 . Periodic reviews of large • al customers to deter g commercial mine that the proper rate schedule has been used. Commercial customers • higher Possibility with g p bility of errors should be high- lighted, such as the common area meter for the condominium project. IN 4. Periodic checks of usage • g by commercial customers to prior periods and investigation variations , g of unusual The District should determine to what extent the above suggestions would be of assistance in ' improving controls over billings for utility services and the frequency of performance . The cost of implementingthese • suggestions and the operational impact .must be considered and w •weighed against the benefits. -3- UNCOLLECTIBLE CONSUMER ACCOUNTS The current general economic condit ions and rapidly ,�.. rising utility bills have recently resulted In a large increase in uncollectible consumer accounts for •most utilities. If uncol- lectible account charges in the financial ancial statements are based upon a historical basis (such as a percent • p of sales calculation) , then these charges may be too low and •under present circumstances . The District has recently modified its dopolicies regarding deposits , shut-offs , write-offs and collection activities . tivitles . These changes will be of benefit in minimizinguncollectible ctible consumer accounts . We recommend that the District review the ba sis on which the financial statement charge for • g uncollectible accounts is made. The purpose of the review would b •e to determine if pas t practice is appropriate under toda ' s conditions •Y In addition, -- we believe that the reserve for uncollectibl e accounts should be reviewed on a quarterly basis to ensure that it Is at an adequate level . These recommendations will assis t the District in main- taining an adequate uncollectible account re serve, In addition to ensuring that the true current cost of uncollectible •accounts Is reflected in the District ' s financial stat ements . LONG-RANGE PLANNING In our Memorandums on AccountingProcedures , Internal Controls and other Matters dated August 13 g 1979 and June 17 , 19$0, we discussed the benefits fits of long-range lannin P g and recom- mended that an evaluation be er performed as to its use at the District. we continue to believ e that this is an important area which requires the Board of Dir ectors and management ' s attention. As a result , the y following is a reiteration of the prior years ' recommendations . One of the most useful tools which management of any organization can use to assist it in meeting its goals and objec- tives is a planning or budgeting r g g procedure for both the short and long range. A o short-range plan g P r budget would generally consist of the current year plan and/or t / he plan for the next lmmediate year. The long-range plan would generally ' g y consist of any time frame beyond the .short-range plan.g P At the present time, It is our understanding that the District re a p p res a plan or budget for the short range only. There are numerous benefit s which the District could derive from long-range planning. Among ng them are: I . Integrated graduated rate adjust •adjustments which are based u J pon an extensive study and analysis of providing utility services to each class of customer. 2 . Capital improvement w programs hich would provide adequate plant facilities to meet customer tourer demand and quality of service goals. 3 . Financial projections of financing needs for the capital improvement program and opera- tions pera- tions which would assist the District in a more efficient management of its resources -5- 150 4• Forecasts of personnel t P onnel and staffing requirements o minimize the adverse effe q ments understaffin cts of over- or g, while still meetingua • service goals , quality of 5• Improved management g nt control over the Distric operations through the use of t s budget as a d the plan or evice to communicate the goals and objectives of the Di a yardstick of strict and as a performance evaluation. We believe that the District trlct should evaluate the bene- fits of the use of long-range planning for its o era ptions . We recommend that a five-year time frame be established for such long-range planningand nd that it be integrated g ed with the e Planningshort-ran g presently performed. Such Ion planning should include the full scope p of the District 's business and be fully integrated to include c • apital requirements , financ ing needs , personnel requirements , rate adjustments,ustments, service 0 g a 1 s and objectives, etc . COMPLIANCE WITH LOAN AGREEMENTS The District has entered into several loan agreements with various parties to • assist the District in the ro • f ' financing of capital improvement e P � cts . The agreements have placed certain restrictions upon the District and required the Distr ' ict to meet certain covenants regarding g g the operation, financ ' and ing, accounting financial report * o g f Truckee-Donner Pub . lic Utility District . As we discussed previously in our Memorandum • on Accounting pro_ cedures , Internal Controls and Other Matters dated June 17 , 19$0 the District does not have a monitoring procedure g p cedure in place which evaluates the degree of compli• ance with such covenants .. -6- In order to assist the Board of Directors and the General Manager in meetingthe District ' s • e strict s obligation to comply P Y with such restrictions, we recomme nd that a procedure be estab- lished by the District which w •would provide for a quarterlyreview iew of the various restrictions an d covenants to determine if the District has properly complied • P Y plied with the loan agreements g or if future noncompliance is a r p obability due to current operating p ating Policies or procedures . The quarterly review would provide the Board of Directors and the Gene ral Manager with reasonable ass ur- ance that the operating, financial • and accounting restrictions and covenants have been met . POLICY AND PROCEDURE DOCUMENTA TION We understand that the Distric t has begun the process of developing standards for documentation of its o • p licies and �. procedures . As the District 's r g owth increases the size and complexity of operations documentation • s entation of policies and proce- dures in a standardized and _ centralized format will assist in the transfer of the reliance from a few key individuals to the estab- lished system. As previously • P ly indicated in our Memoran dam on Accounting Procedures , Internal Controls and Other Matters dated June 17 , 1980 , we encourage t • g he District to continue its efforts in establishing written Policy icy and procedures documentation. We believe that the ultimate benefits nefits to be obtained justify the investment required to perform rm the documentation, 8 CO. A� 1SC-JSCO �gA 5 A� s Of • ct� er . sector i str� e,ponn °f p� ity D ucke o ar d utj o f I r o f J.- the B ubl�c eets State er P ce sh the refs �ponn al an n of cke e the b . v i s x° ted ru ned subd� e rel a • t Donn exa . cal d th til� y have ol�t� .�� � an to u \4e t tap and 19 iti°ns the r • str�c ga0 a add . E ity Di 3.1 � 1 d for e in pt�1 ber ��de ,gad u t i l bA i s peceim funds pro ,Jere P�► as of d f un ti ons . rn�a� rue an Xam�nations ands acCe GaAifOr t reve Dur e ards h � of Viet, ed, • d d SuC nts end ng Stan an ateime then dA t� cords st ears ted au ' ng re r they accep ountl ant f° rally he acc the p1 gene of t 1n Of fo v0 th tests eSSary rm� r dance uch t � nec acco hided s si dere contain 1 inc we con contained rd�in y e5 as acco procedures although i ti ng p n er and any i ng financial °th acc°mp i aces , to the , on why c p� u�sta ote 4 � act1 . c�rc �� � Mega add? t i further �� a ons to cussed a party ants s dis t is efend In A �Str�c ou5 d � have the � m vary been ements , ion fro act' e S t at ,��11 legal examanclal f100 this a t i on tin cess o o%e of s °f t e5 �n eX ate outc ,�i ned subject ks da ag he ulti% be deter to ;ee i ct, 1 cannot the �,f Dist" . f any , required f� ding the ri ct, 1 red h ncl u the p i st a d the upon t know effect nS the and the ,. se da t ccompan deAa r a time • to the a tment this t dote 3 , a 1 °A efurther i n me elat • rat Sled fired to Ton to As disco is requ the b Dist as7 - they apr tement5 ' Issuance °f cial sta the ISSua finan result from 1 "OM which res farmers H ants wh i c a s Far ' coven of Amer �n • ed States 0whe the United Uncertain ch 2 to i t was 7, �9 and 19799 oven 81 . n 1gg0 these c Dur� g eats of requ� rem the fulfilled _ 3. 11 i i IC uTILITY DISTRICT ER 31 ! 1980 AND 1979 _MB IABILITIES CON uITY AND L 1979 Stj EQ 1 980 _ 2�222,131 ss- $295579531 $ 0 the busy ne 335940 TALIZATI0N ' m 1 oyed i n 480�975 u y ___- Ap a _____- C consumers ea it f year __--- 1 Consum inning o y _ 3nce� beg ear �3,038 506 $z955795 Bala for they " ____-- -- Netrevenue _--__" Total consumers, onsumers, equity � 3109574 $ 2979595 3)- 26,457 debt (Note p67 Long.-term, • c Power 9 BA bonds • erra Pace f 591 R able to S� 249, Note pay of America ' 2479270 12,746 Company _ united States 13,p750 fi71 issory n°te Administration prom s , Nome Admi - Farmers , ay able p39 Sewer ass payable 567 �6$2 • t notes p y $ _ __-- Equ� pmen __------'" debt $391579570 long $396069188_term ________-- rota 629747 Total capitalizationp70 $ 7 $ 631 ' 55�423 3) . 52,9S1 3p53 ILITIES (Note 4 RENT LIAR 57 �393 318 CUR able fees 23 22s Accounts pay _ standby 10,92 37 ,652 f erred income 88 S 120 327 De deposits 47 , Consumer . p 34,468 _____--- ed interest .WM Accra liabilities debt ------- 968952 Accrued 1 1 along-term74,255 $ Accr urit1es of $ g __- Current mat -- 379,649 99 ,633 $ __-- 4} $ 5 _-__-- GENCIES (Note ____---- CONT IN 4 505 9 699 Note 2} $590809 076 $ 'DVANCES TRUCTIpN A --- CONS - - Of these balance Sheets te9ral part 1 TRUCKEE D ONNER PUBLIC UTILITY DISTRICT STATEMENTS OF NET REVENUE FOR THE YEARS EN DED DECEMBER 31 , 1980 AND 1979 1980 19l OPERATING REVENUES : $395099568 $296309562 Electric 4209610 3649,609 Water ---------- $399309178 $2 ,99 59171 _-as------- r r_--- OPERATING EXPENSES : $2,15579863 $1 ,959, 601 Purchased power739425 689,177 Transmissi d.on 1949390 159, 572 Distribution 1919467 1539499 Consumer accounts 3659657 283,094 Administrative and general 1319069 1289116 . Depreciation ��.w ---------- $39513t871 $2 9 7 5 2,0 5 9 r no r r r r r r s r r r-�r r r r r_ Net operate . ng revenue $ 4169307 $ 243, 112 CHER INCOME : 151 ,778 1299624 Interest i ncome ( 19347 ) 179390 _ Other , net ---------- Net revenue before interest $ 5665738 $ 390, 126 expense 85,763 5 49726------ INTEREST EXPENSE _---_----- ---- $ 480 ,915 $ 3355400 Net revenue _ --_ -_-_______ The accompanying notes are an integral pan i y g part of these statements. TRUCKEE DONNER PUBLIC UTILITY DISTRICT STATEMENTS OF FUNDS PROVIDED FOR ADDITIONS TO UTILITY PLANT FOR THE YEARS ENDED DE CEMBER 319 1980 AND 1979 1980 1979 FUNDS PROVIDED INTERNALLY : Operations~ $ 4809975 $ 3359400 Net revenue t requiring Depreciation expense no131 ,069 1289116 (39939)a current use of funds 149710 Other --------- 60 8,105 $ 4789226 • o erati ons Funds prove ded by P Deduct- (329357 ) (449732) • debt Reductions i n long-term 353 193) (177 ,481 ) Additions to restricted funds ( ' ded •1nternally $ 222 ,555 $ 256,013 Net f unds prov i FUNDS PRO $ 220,0 PROVIDED FROM EXTERNAL SOURCES : 23 $ 859154 ,owft,Advances uti 1 i zed for construction PROVIDED FROM NET CHANGE IN 328 $ 1919650 NDS P $ 297 , ,WORKING CAPITAL (Note 5) vi ded for additions i ons to Funds provided $ 739,906 $ 532,817 utility plant _-_---___ The accompany in9 notes are an integral part of these statements . TRUCKEE OONNER PUBLIC UTILITY DISTRICT NOTES TO FINANCIAL STATEMENTS DECEMBER 319 1980 AND 1979 Summary of Si nificant AccountingPolicies Organization The Truckee-Donner Public Utility � -- d and o District) was forme erates under the StatepOistr� ct (the of California l Public Utility District Act to provide electric f Nevada County described as i and water sery ce to a portion o Truckee and Donner Lake. The District is exempt from payment of federal and state income taxes . • Depreciation The District ct provides des for depreciation -- cost of utility plant on a straight-line basis on the historical at rates in accordance with the Rural Electrification The average annual composite i Adm i ni strat on Bulletin 181- 1 . rates were 4. 0% and 3. 6% in 1980 and 19799 respectively . Retirements of utility ty plant nt and the related costs of 9 � removal and salvage are charged to accumulated depreciation* The costs of replacement of property units are charged to plant .ant . Repair and maintenance enance costs are charged to expense. Revenues -- Revenues consist of billings to consumers as meters are read on a cycle basis throughout each month. • ties without charge are not Services provided to municipal entities reflected in operating revenues. -2- Pension Plan -- The District maintains a noncontributory , defined benefit pension plan covering gall all employees who hav e at least one year of substant y policy c • ce. It is the District ' s p y to fund pension costs as serve • accrued, and contributions for 1980 and 1979 amounted to $349063 and $2793129 respectively. The present value of accumulated Plan benefits and net assets available for these benefits was wei kited average assumed determined at December 319 1980, The 9 in rate of return used •� n determining the present value of accumulatedplan lan benefits was 6%. Actuarial present Act value of plan benefits accumulated as of December 31 , 1980- 491 $ 399491 49817 Nonvested $ 449308 • benefits $1149740 Net assets ava�ail able a for 2. Restricted Funds The District has collected and restrictively deposited funds for future uses as follows -3 am I 6.V., December 31 , 1980 Restricted Construction Funds Advances Industries Water Agreement - Dart I . the District has collected $40 per lot for future water source P facilities in the and storage 2549901 $254 9901 ' project $ developers proj proceeds laced d loan in trust ls - p REA P to be used for future electric 459783 construction projects Dart Industries water services settlement - the District has has collected funds for anticipated P airs of water lines 157 ,E nes future repairs 09 1639258 constructed by Dart Industries Facilities fees collected from rs for future procurement 1089642 customers 104 ,841 of source and storage Portion o ed • f connection fees collect from customers for the future 719324 729832 purchase of water meters 634,458 $599 9633 Other restricted funds- - ' nci al and interest fund n Loan principal ree- men � P in accordance with loan a 9 is principal and interest laced on payments P are to be placed payment is ue deposit u P Y d - 43 ,636 - REA 38,344 - Sierra Pacific Power Company • note proceeds - placed Promissory P in trust to be used for specific 269746 water constructionprojects Purchased power ower refund proceeds restricted by the District to e used for future construction _ b 126 ,853 projects operating A Revenue Fund - water op 9 margins plus depreciation , FMH held � n reserve in accordance _ res with the 769517 loan agreement 809244 - Consumer deposits and other ---------- _------- 1 0269798 $5999633 -4- 3. Long-Term Debt REA bands , secured by pledge of all assets , are as follows : 1980 1979 series 2% bands , payable in First se annual amounts varying from $139000 i n accordance wi th to $14,000, balance of sinking fund requirements $198,000 $14,000 due July , 1994 $1852000 Second series 2% bonds , payable in amounts varying f r annual amo om $3,000 to $5,0002 in accordance with • fund requirements , balance 88 000 sinking n9 85,000 of $62000 due May, 2002 series 2% bonds , ne Third ser t of undrawn funds of $6524262 payable in annual amounts varying from $32000 to in accordance $6, 000, with sinking fund requirements , balance of 40 2 574 43,574 $8,000 due May, 2004 (122979 ) (19,000) Less - Current maturities --______ $2972595 $3102574 Total REA bonds _ �,..+ The note payable to Sierra Pacific Power Company is • $9, 2132including interest , at • nnual installments of due � n sem� a _ due i n March , 1983. The net a rate of 4.67%2 with f1nal payment revenues (as defined) of the Donner Lake Electric System are � pledged as security. promissory Hate payable The P 1e to the United States of � is due in 39 annual America , Farmers Home Administration installments of principal and interest st of $142800. The interest rate . s 5� per annum. The net revenues (as defined ) of the � water system are pledged as security. The Indenture , District ' s 4eq -5- 1P which secures the promissory note, requires the District to • • charges and maintain n rates and c es to produce net revenues 9 establish (as def • ne }d equal to not 1 ess than 1, 2 times the aggregate � q due within the next 12 interest amount of the Principal and months . In addition, it requires the District to establish • During 1980 and 19199 it was separate special al accounting funds, 9 the requirements of the uncertain whether the District met result of this uncertainty , Indenture as outlined above. As a the cotenants of the may the District Y not have Indenture in the event of a defaults the holder of not less amount shall be 6-2principal than 6 3� of the aggregate l •notice in writing to the District , to declare the ent •� tl ed , upon principal of all the notes ($2479270 ) due and payable � i mmedi ately. The sewer assessments are payable over a 20-year pertodg plus interest at 7%, to Nevada County , California. � Final payment • l is due in 1990. The equipment notes payable to banks are secured by computer equipment.pment. They are p due in monthly installments , including interest at 7�, of $334• through March , 1981. � Industries Water- Dart 4. Contingencies A reement and Related Lawsuits signed In 19709 an agreement was between the District • of providing water service and Dart Industries for the purpose t re u i red Dart t o construct to a Dart subd .� v� s� on . The agreemen q �6- at Donner Lake • I n water source and storage facilities m Decembers 19759 subsequent to completion of the facilities , h� was transferred to the District for future maintenance owners p /0011*1 - n . The Attorney General of the State of California and operate o has filed suit against the District and Dart to restrain them usin Donner Lake as a water source. Since this action from 9 R claims ms no monetary damages , the District has no liability • resulting from this action • separate action related to the Dart subdivision , � a homeowners' Dart claiming amounts in group P filed suit against excess of $100 million, and Dart, in turn , filed suit against . in the District and others , seeking indemnity for all such claims . The outcome and potential impact act on the District cannot claims * presently be determined. 5 . Changes in Net Working Capital The changes in acc ounts classified as current assets and current liabilities are as follows Year Ended December 31 ---------------------- 1g80 1979 Working capital increase ( decrease) in- 461 054) $ 172 $841 Cash 59 565 ( 569988) Receivables ( 79554 ) ( 69934) Inventory 179450 89965 Other current assets 31 677 ( 278,477 ) a Accounts payable 1 29442 ( 49267 ) Deferred income ( 149340) ( 109051 ) Consumer deposits ( 169739 ) Other current liabilities (259514 ) (2979328) $ ( 1919650 ) TRUCKEE-DONNER PUBLIC UTILITY DISTRICT COMBINING STATEMENT OF DEPARTMENTAL OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 1980 Electric Water r.r.rrrrrrwrrrrrw as r r w...w r r r r r�.rrwrwr�r rrrrrwr.rr.w rw..rrrrrrrrrrrrrrrrrrrr r Donner Total Tahoe Total Total Eliminations Truckee Lake Electric Truckee Donner Water OPERA TING REVENUE $399309178 $ 1119019 $390069997 $6139590 $396209587 $2549566 $1669044 $4209610 r rrrrrrrrr rrrrwwrrr rrrrrrr.rrr rrrrrrrr rrrrrrrrwr rrrrrrrr rrrrr-rr rr.irrrw.rr OPERATING EXPENSES: Purchased power $295579863 $ - $291799966 $3779897 $295579863 $ - $ - $ - Transmission 73,425 (979448) r- - 95 030 75 843 170 87.3� Distribution 1949390 (19530) 1309944 529853 1839797 69798 59325 12,123 Consumer accounts 1915467 - 1159908 449597 1609505 139938 69769 209707 Administrative and general 3659657 (19833) 1859487 769391 2619878 649625 409987 105,612 Depreciation ati on 1319069 - 819138 169089 979227 339207 635 339842 p _ (109208) 10 208 - 10 208 - - - Other , r r r r r r w w r r r r r r r r r r r r r r r r w r r r r w r No as $395139871 $(1119019) $297039651 $5679827 $392719478 $2139598 $1299559 $343,1157 Net operating revenue $ 4169307 $ - $ 3039346 $ 459763 $ 3499109 $ 409968 $ 369485 $ 779453 w wwwrrrwww rwwrrr.wr r.+.wrwww=rw rrr wwwww wwwwwwwr=r w rr..�.�r•+w wwwwwwrw www=wrrw r.r wwwrw�.rw ri.�^rrrwr rrw.rrw www ww rrrrwwww ..••..w wwrww w r rwrrwwr wrrw�.�...w rww wwww b° vas T-�G�4-77o•c) W45 7- el,05-ot S . /.00 /'11�T Lv � TN At�5_5 is r.�r �-c am Cir�.�� s Sc.¢t�►�c Y, G�� �OLT� �JVD �i}�•CUGGf � �'iGt- T�'wy�,�rv� /PAD �.C40tE G✓.mIie,Txi/° � T �oeg-Y TZ) ✓isc�iss T�� ��"/G4.�G� a•�` ,yy��?" �1 Cs.,,�ti.,� '�U lyl.4-� 86c.ow� Oc���.�G ..9 �'i�c� .4T ThL� !//7-4 .Bite� /.tier cEL /up.c.srt vn+ {/,r•+ ,�• i/a/vG B ts•t9rc loor Prtr loorA#A*e 496 IA r ✓QI✓t A