HomeMy WebLinkAbout2007-10-03 Agenda Packet - Board (15) Agenda Item
TRUCKEE DONNER
Public Utility District
WORKSHOP
To: Board of Directors
From: Mary Chapman,Administrative Services Manager
Date: September 28, 2007
SUBJECT: 2008 Budgeted Debt Payments
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1. WHY THIS ITEM IS BEFORE THE BOARD
This workshop item is intended to further the Board's education of the various components
of the proposed 2008 annual budget. The total 2008 debt payments for the District total
$7,150,675 which represents one of the major components of the District's annual
expenditures.
2. HISTORY
The loan payments represent all debt payments that were approved by the Board in 2006 and
before. No new loans were entered into during 2007.
3. NEW INFORMATION
A) Attached are copies of two documents:
• Power Point presentation on 2008 Budgeted Debt Payment
• Copies of Appendix VIII Electric Debt and Appendix IX Water Debt which will
be included in the proposed 2008 Budget Summary
B) Discussion of conversion to pay-as-you-go strategy for annual equipment
expenditures
Annually, the District finances between$300,000 to $500,000 in annual equipment which
generally includes vehicles, construction equipment, computer hardware and software.
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APPENDIX Vlll
ELECTRIC DEBT SCHEDULE
Principal and Interest Payments
Purchased Power Transformer MSG MSG MSG
YEAR Contract Buyout Loan #9 #10 #11 TOTAL
2008 3,418,650 58,929 77,126 9,624 50,397 3,614,725
2009 3,415,413 58,929 19,282 50,397 3,544,020
2010 3,408,381 58,929 50,397 3,517,707
2011 3,392,238 58,929 3,451,166
2012 3,388,300 58,929 3,447,229
2013 3,379,444 48,278 3,427,722
20,402,425 342,922 96,408 9,624 151,190 21,002,569
Purchased Power Contract Buyout-2003 A/B Idacorp $26M purchased power settlement
Everen Securities - Loan repayment schedule for the financing of the purchase of 5 substation transformers
MSG #9 - Municipal Services Group Loan #909-9 - Lease purchase of equipment
MSG #10 - Municipal Services Group Loan #909-10 - IVUE Billing & accounting hardware and software
MSG #11 - Municipal Services Group Loan #909-11 - Purchase of vehicles, equipment, hardware & software
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APPENDIX IX
WATER DEBT SCHEDULE
Principal and Interest Payments
2006 DWR-SRF DWR MSG MSG MSG MSG INTERNAL INTERNAL INTERNAL
YEAR COP DONNER LAKE PROP 55 #1551 #1552 #9 #11 LOAN#2 LOAN#3B LOAN#3B-1 TOTAL
2008 1,896,089 800,852 306,481 150,158 166,786 41,038 30,/05 44,970cc,y/v 43,766 JJ,IVJ105 3535>950
2009 1,896,289 800,852 306,481 150,158 166,786 9,949 30,705 44,970 43,766 55,105 3,505,061
2010 1,895,289 800,852 306,481 150,158 166,786 23,183 44,970 43,766 55,105 3,486,590
2011 1,888,089 800,852 306481 150,158 166,786 44,970 43,766 55,105 3,456,206
2012 1,894,889 800.852 306,481 150,158 166,786 44,970 43,766 55,105 3,463,006
2013 1,895,089 800,852 306,481 150,158 166,786 44,970 43,766 55,105 3,463,206
2014 1,898,889 800,852 306,481 150,158 166,786 44,970 43,766 55,105 3,467,006
2015 1,901,089 800,852 306.481 150,158 166,786 44,970 43,766 55,105 3,469,206
2016 1,896,689 800,852 306,481 150,158 166,786 44,970 43,766 55,105 3,464,806
2017 1,895,889 800,852 306,481 150,158 166,847 44,970 43,766 55,105 3,464,067
2018 1,893,489 800,852 306,481 43,766 55,105 3,099,692
2019 1,899,489 800,852 306,481 35,499 3,042,321
2020 1,896,989 800,852 306,481 3,004.322
2021 1,882,764 800,852 153,241 2,836.856
2022 1,160,514 800,852 1,961,366
2023 1,161,383 800,852 1,961,615
2024 1,160,763 800,852 1,964,627
,615
2025 1,163,775 800,852 1,560.951
2026 1,160,525 400,426 1,160,77
2027 1,160,775 1,159.275
2028 1,159,275 1,161,025
2029 1,161,025 1,16 , 5
2030 1,160,775 1,160,775
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2031 1,158,525 1, 9,,2755
2032 1,159,275 1,162,42
2033 1,162,425 1,158550
2034 1,158,550 1,162875
2035 1,162,875 1,19,
2036 1,159,950
i,15 ,950
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43,941,426 14,815,762 4,137,490 1,501,580 1,667,920 50,988 _ 84,593 449,699 516,926 606,155 67,772,540
Loan Descriptions:
2006 COP-Water system improvements and Donner Lake financing
DWR/SRF-Replacement of Donner Lake Water System
DWRIProp 55-Water system improvement projects
MSG#1551-Municipal Services Group#1551-Bridge Street Tank construction
MSG#1552-Municipal Services Group#1552-Glenshire Pipeline Project
MSG#9-Municipal Services Group Loan#909-9-Lease purchase of equipment
MSG#11-Municipal Services Group Loan#909-11 Equipment,hardware&software
Internal Loan#2-Water System Improvements;borrowed from Reserve for Future Meter Fund(Resolution#96-12)
Internal Loan#3B-Water department loan;borrowed from Reserve for Future Meter Fund at 1213112002
Internal Loan#3B-1-Water department loan;borrowed from Land Sales Trust Fund at 1213112002
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