HomeMy WebLinkAbout12 Finacial Reporting to board TRU KEE D0144�
Pu blic Utility District
WORKSHOP
To: Board of Directors
From: Mary Chapman, Administrative Services Manager/Treasurer
Date: January 9,2007
SUBJECT: Discussion regarding financial reporting to the Board
1. WHY THIS ITEM IS BEFORE THE BOARD
Each month the staff provides the Board with various monthly financial reports. Internally our goal is to
provide the Board with financial information that is useful and understandable. We also do not want to
waste valuable staff resources providing information that no one looks at. This is a workshop to
encourage the Board to discuss what types of information and reports the Board would like to see going
forward.
2. HISTORY
In approximately 1995 when I was appointed Treasurer, I began providing the Treasurer's Report which
is an accumulation of regular monthly reports including the list of cash disbursements for the prior
month for the Board to approve. Some of the reports such as the monthly financial statement and the
budget report were previously provided. Some new reports were added to provide the Board with
regula-1 and consistent information relating to the District's business transactions. I also added a
summary to highlight certain information and point out significant transactions that had taken place
during the month.
The following is a list of the reports that are prepared and included in the Treasurer's Report each
month. I have attached a copy of the November Treasurer's Report for your reference.
• Check Summary—this is a listing of all of the checks that were issued during the month.
• Statement of General Fund — this report summarizes all of the general fund activity for the
month summarizing the cash receipts and cash disbursements by category.
• Funds Status Report—this report is a breakdown of all of the money on deposit with LAIF, US
Bank and the customer service operating funds held in cash. This report does not include
reserve funds on deposit with Bank of New York.
• Investment Status Report—this report shows a breakdown of all funds invested in LAIF and
the monthly activity that takes place in each fund.
• Monthly Financial Reports—this series of reports shows the financial status of the District at
the end of each month including assets, liabilities and the income statement. There are separate
reports for the electric department, the water department and each of the Mello Roos (Old
Greenwood and Gray's Crossing).
• Monthly Budget Report—this report shows the monthly budget activity. At the top it includes
the monthly revenue and transfers in approved by the Board; at the bottom the report shows in
summary where each department is on spending their budget. It also shows Board approved
transfers out to reserve funds and debt service payments to date.
• Additional information provided —
Bad debt listing and historic report — twice a year we prepare an analysis of accounts
scheduled for write-off. The list is provided along with a historic report showing how the current
write-offs measure up to the last 10 year. You will be getting the next report along with the
interim Treasurer's Report for December.
Land Sales Trust Fund — Since the establishment of the Land Sales Trust Fund and the
internal borrowings out of that fund, I have provided a periodic listing of the status of the fund
balance. You will receive an update along with the interim Treasurer's report for December.
Facilities Fees Report— Each year we provide the Board with a facilities fees activity report
which shows the facilities fees collected during the last year, the interest earnings and the
expenditures. Some of the expenditures have been preauthorized by the Board and others are
submitted along with the report for Board approval.
Annual Audit—this report is provided to the Board by the auditors each year at the end of the
audit for the previous fiscal year. This report is full of useful information particularly in the notes
to the audit.
Annual Reports for the Certificates of Participation — these are required reports that are
presented at the financing corporation meetings. The format is the same as was provided in the
official statements that were issued. These reports also include the debt service calculations
both historic and projected.
Annual Reports for the Community Facilities Districts—these reports are prepared by Muni
Financial for both the Old Greenwood and Gray's Crossing CFDs and are presented at the
financing corporation meetings.
Other Project Specific Reports—Periodically we provide the Board with project specific reports.
3. NEW INFORMATION
While it is important for us to be aware of where we are financially and our performance to date, it is
also important that we keep our eye on what's ahead of us and the status of the goals that the Board
has set. In Title 3 FINANCE AND ACCOUNTING Section 3.01.01.1 Financial Goals(Resolution 2004-
39), various goals were articulated by the Board. These goals relate to Planning Goals, Revenue
Goals, Debt Goals,Cash Reserve Goals—Operations,Capital Reserve Goals and Debt Reserve Goals.
I have attached a copy of those goals from the District Code. This listing may give the Board some
ideas for information that they would like to see in the future.
More recently Peter, Kim and Tricia have been providing the Board with updates to the financial master
plan. We think that reviewing the financial master plan on a periodic basis going forward provides a
useful financial planning tool.
Investment Report—the Board's new investment policy requires a slightly different presentation of the
status of the District's investments than is provided in the current Funds Status Report and the
Investment Status Report. The Board may want to replace these reports with a new quarterly report in
the format that was presented in the packet when we discussed the investment policy.
RECOMMENDATION:
Since this is a workshop, no action is required. Staff is looking for direction to make sure that
we are meeting the informational needs of the Board and again not wasting valuable staff
resources on reports that aren't needed or used.
The Board may have some additional needs for information that are not currently being met. We
would appreciate it if the Board would review the above list and discuss the following points
relating to each report:
• Do you want us to continue to prepare the report at all?
• How frequently should we prepare the report — monthly, quarterly, semi-annually,
annually?
• Would you prefer that the information be presented in a different format?
• Do you just want the reports presented in written form with a written summary as we do
now or do you want an oral presentation?
• Are there any other types of reports that the Board would like to have presented?
}
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
TREASURER'S REPORT
For the Month Ended November 30, 2006
Submitted by Mary Chapman
December 11, 2006
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
Summary report for the accounting period ended November, 2006:
1) REQUEST FOR APPROVAL OF DISBURSEMENTS
The total disbursements for the month of November, 2006 were $2,779,868.05.
2) CHECK SUMMARY
Attached is a listing of the checks and ACH payments issued during the month being reported in the amount of
$2.779,868.05. Should any director have questions about any of the disbursements, I will be happy to provide the
details. If you could contact me prior to the meeting on December 20.2006, 1 will be able to provide the information
in a timely manner.
3) STATEMENT OF GENERAL FUND:
As of November 30, 2006 the balance in the General Fund was$6,501,794.03(Electric$6,129,090.91 and Water is
$372,703.12).
4) FUNDS STATUS REPORT:
The total of all funds held in cash($900)and on deposit with US Bank and the Local Agency Investment Fund as of
November 30, 2006 was$31,351,819.89($9,157,302.38 electric and $22,195,517.51 water).
5) INVESTMENT STATUS REPORT:
The interest rates that we earn on investments deposited with the Local Agency Investment Fund have continued to
increase. The rates that we earned for the last 13 months were:
November, 2005 3.636%
December,2005 3.808%
January, 2006 3.955%
February, 2006 4.043%
March,2006 4.142%
April, 2006 4.305%
May, 2006 4.563%
June, 2006 4.700%
July, 2006 4.849%
August, 2006 4.946%
September, 2006 5.023%
October,2006 5.098%
November, 2006 5.125%
6) FINANCIAL STATEMENTS: Cumulative through November, 2006:
Attached are copies of the internal statements through the month of November, 2006. The electric department
income statement shows a total gain in net income before capital contributions in the amount of$3,046,748.21 and a
gain of$3,766,454.41 for the year after capital contributions. Net income for the same period in 2005 was a net gain
of$2,030,031.83 before capital contributions and a net gain of$2,070,718.92 after capital contributions.Operating
revenues increased $1,597,815.03 mostly due to a rate increase and growth. We spent $402,043.14 more in
purchased power expense and$608,769.49 more in other operating expenses.
The water department income statement shows a total gain in net income before capital contributions in the amount
of $259,789.76 and a gain of $868,778.10 for the year after capital contributions. Net income before capital
contributions for the same period in 2005 was a net loss of$322,424.96 before capital contributions and a gain of
$566,869.71 for the year after capital contributions. Operating revenues increased$627,587.40 mostly due to a rate
increase and growth; operating expenses increased $269,687.38. Of that increase, pumping charges increased
$189,401.17 and depreciation for new capital plant installed increased $131,399.77. Without these two items,
operating expenses decreased$51,113.56.
Capital contributions represent the fair market value of assets paid for by customers and developers that are donated
to the District for operation, maintenance and replacement. Entries are recorded here when development
agreements and billable work orders for capital improvements have been closed.
Also attached are the financial statements for the Old Greenwood and Grays Crossing Community Facilities
Districts.
7) BUDGET REPORT: Cumulative through November, 2006
Operating Budget: As of November 30. 2006,we were 91%of the way through the budget year. The November
budget report shows that we have received 91%of the budgeted revenues(93°o electric,87%water). If you were to
only look at operating revenues you would see that we are at 93%(93%electric,94%water). We have spent 84%of
the budgeted expenses (85% electric, 82% water) for the year. Again if you were to look only at the operating
expenses you would see that we are at 859,E(84%electric,89%water). The major reason the electric department is
not closer to 91%expenses is due to purchased power savings. The major reason that the water expenses are not
closer to 91%is because we have not been making payments on the 2006 COPs, since the closing happened on
October 12, 2006 and not earlier in the year.
8) LAND SALES TRUST FUND STATUS REPORT:
The following is a status of the internal loan activity from the Land Sales Trust Fund as of 11/30/06:
Original balance-received from land sales $3,660,255.01
Sale of South River Street property 404,974.00
Interest earnings thru 11/06 101,346.51
Donner Lake water system improvements (2,264,393.64)
Glenshire water system improvements (824,530.91)
Purchase Steele property-Water share (329,140.50)
Water General Fund —overdraft at 12/31/02 (600,314.75)
Balance @ 11/30/06 $ 148,195.72
As a reminder, the following is the tentative plan for the repayment of funds borrowed from the Land Sales Trust
Fund:
1. $2,264,393.64 - the Board will be asked to authorize the repayment of the Donner Lake water system
improvements temporary loan in the amount of $2,264,393.64 plus accrued interest. This request will be on the
December 20,2006 agenda.
2. $824,530.91 -once the Glenshire property sells,the proceeds will go toward reducing the Glenshire water system
improvements plus accrued interest.
3. $329,140.50 - once some of the Steele property sells, a portion will go toward repaying the $329,140.50
temporary loan plus accrued interest.
4. $600,314.75 - the Water General Fund overdraft from 12/31/02 was converted to a loan with semi-annual
payments to reimburse the Land Sales Trust Fund in the amount of$27,552.69 each June and December.
9) 2006 COP PROJECT FUND:
As of 11/30/06, the balance in the 2006 COP Project Fund is still $11,765,000. There were no disbursement
reimbursements in November. The next reimbursement takes place in December in the amount of $458,792.66.
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
Request for Approval of Disbursements
The disbursements of the Truckee Donner Public Utility District for the month of November, 2006, totaled
$2,779,868.05. A listing of those disbursements is attached.Mary Chapman,Treasurer,will upon request make
available for review the detailed listing of those disbursements prior to the meeting of the Board of Directors to
be held on December 20, 2006.
Truckee Donner Public Utility District
Check Register
Status Check/Trans Type Date Mod Name/Reference Checks/Credits
Active 88618 1 11/03/2006 AP ALISON & DOUG MURPHY 1,203.00
Active 88619 1 11/03/2006 AP APEX PRODUCTS INC 281.17
Active 88620 1 11/03/2006 AP ARAMARK UNIFORM SERVICES 185.23
Active 88621 1 11/03/2006 AP AT&T 1,395.23
Active 88622 1 11/03/2006 AP BARKSDALE INC. 631.34
Active 88623 1 11/03/2006 AP BERRY-HINCKLEY INDUSTRIE 130.74
Active 88624 1 11/03/2006 AP RICHARD BLAIR 3,133.78
Active 88625 1 11/03/2006 AP CHRIS BROUWERS 168.65
Active 88626 1 11/03/2006 AP MARY L CHAPMAN 60.29
Active 88627 1 11/03/2006 AP DARYL WHITSIDE 263.00
Active 88628 1 11/03/2006 AP DELL MARKETING L.P. 6,585.45
Active 88629 1 11/03/2006 AP DELTA RUBBER COMPANY INC 57.80
Active 88630 1 11/03/2006 AP DEPENDABLE TOW 200.00
Active 88631 1 11/03/2006 AP DONNER LAKE ASSESSMENT D 70,080.59
Active 88632 1 11/03/2006 AP DONNER LAKE WATER ASSESS 1,817.90
Active 88633 1 11/03/2006 AP EASTERN REGIONAL LANDFIL 2,570.22
Active 88634 1 11/03/2006 AP EMPLOYMENT DEVELOMENT DE 1,825.00
Active 88635 1 11/03/2006 AP FEDERAL EXPRESS CORPORAT 138.01
Active 88636 1 11/03/2006 AP IAN FITZGERALD 760.85
Active 88637 1 11/03/2006 AP FLW, INC. 948.13
Active 88638 1 11/03/2006 AP GENERAL ELECTRIC SUPPLY 6,731.40
Active 88639 1 11/03/2006 AP GENERAL PACIFIC INC 11,391.60
Active 88640 1 11/03/2006 AP GRANITE ELECTRICAL SUPPL 1,102.58
Active 88641 1 11/03/2006 AP GROENIGER & COMPANY 78.75
Active 88642 1 11/03/2006 AP HUGHES UTILITIES LTD. 9,155.37
Active 88643 1 11/03/2006 AP HYDEC 510.06
Active 88644 1 11/03/2006 AP INDUSTRIAL EQUIPMENT 7,609.16
Active 88645 1 11/03/2006 AP LAWSON PRODUCTS INC 90.17
Active 88646 1 11/03/2006 AP LONGO INCORPORATED 5,362.26
Active 88647 1 11/03/2006 AP MICHAEL DORWART 277.00
Active 88648 1 11/03/2006 AP MOUNTAIN HARDWARE 108.84
Active 88649 1 11/03/2006 AP MWH LABORATORIES 240.00
Active 88650 1 11/03/2006 AP NC AUTO PARTS 7.26
Active 88651 1 11/03/2006 AP NEXTEL COMMUNICATIONS 154.20
Active 88652 1 11/03/2006 AP NORTHERN TOOL & EQUIPMEN 60.79
Active 88653 1 11/03/2006 AP OFFICEMAX - A BOISE COMP 732.42
Active 88654 1 11/03/2006 AP PINPOINT 386.70
Active 88655 1 11/03/2006 AP PITNEY BOWES 265.00
Active 88656 1 11/03/2006 AP DAVE REINITZ 95.00
Active 88657 1 11/03/2006 AP LAUREN SCHAAKE 52.22
Active 88658 1 11/03/2006 AP SANNA SCHLOSSER 45.71
Active 88659 1 11/03/2006 AP SEAL DISTRIBUTORS 198.23
Active 88660 1 11/03/2006 AP SIERRA ROOFING & HEATING 413.35
Active 88661 1 11/03/2006 AP STATE WATER RESOURCES CO 1,744.00
Active 88662 1 11/03/2006 AP SUPER PRODUCTS CORPORATI 297.33
Active 88663 1 11/03/2006 AP TFICHERT & SON INC CREDI 1,750.35
Active 88664 1 11/03/2006 AP TEICHERT CONSTRUCTION 10,530.07
Active 88665 1 11/03/2006 AP TP^CKEE AUTO 4X4 PARTS 1.06
Active 88666 1 11/03/2006 AP TRUCKEE RENTS INC 47.07
Active 88667 1 11/03/2006 AP TRUCKEE TAHOE LUMBER CO 57.15
Active 88668 1 11/03/2006 AP WESTERN NEVADA SUPPLY 5,239.38
Active 88669 1 11/03/2006 AP XEROX CORPORATION 1,698.36
Active 88670 1 11/03/2006 AP BRIAN D FERRIS 160.00
Truckee Donner Public Utility District
Check Register
Status Check/Trans Type Date Mod Name/Reference Checks/Credits
-------- ----------- ---- ---------- --- ------------------------ --------------
Active 88671 1 11/03/2006 AP JUDITH L NEWFIELD 160.00
Active 88672 1 11/03/2006 AP KEVIN KANE 80.00
Active 88673 1 11/03/2006 AP LAURENCE D FORD 80.00
Active 88674 1 11/03/2006 AP NORMAN MUNDELL 160.00
Active 88675 1 11/03/2006 AP ROGER SLOMINSKI 80.00
Active 88676 1 11/03/2006 AP ROGER SLOMINSKI 160.00
Active 88677 1 11/03/2006 AP SEYED NOORBAKHSH 80.00
Active 88678 1 11/03/2006 AP STEPHEN D PAYNE 160.00
Active 88679 1 11/03/2006 AP THADDEUS Z MACH 160.00
Active 88680 1 11/03/2006 AP TRUCKEE DONNER LAND TRUS 80.00
Active 88681 1 11/08/2006 AP CHRISTOPH E BOURQUE 16.23
Active 88682 1 11/08/2006 AP DANIEL DOUGLAS 43.05
Active 88683 1 11/08/2006 AP DEERFIELD ASSOCIATES, LL 2.83
Active 88684 1 111/08/2006 AP DENISE BROWN 5.00
Active 88685 1 11/08/2006 AP EMILY GALLOWAY 124.52
Active 88686 1 11/08/2006 AP GARY H SCHROEDER 114.21
Active 88687 1 11/08/2006 AP GERRY TOPP 171.04
Active 88688 1 11/08/2006 AP GLENN JOBE 90.68
Active 88689 1 11/08/2006 AP JOHN SEIFERT 122.26
Active 88690 1 11/08/2006 AP JUAN M MARQUEZ 130.51
Active 88691 1 11/08/2006 AP KEN HALVERSON 106.99
Active 88692 1 11/08/2006 AP MARY MCGLYNN 16.63
Active 88693 1 11/08/2006 AP PROSSER CREEK CHARTER SC 2,783.93
Active 88694 1 11/08/2006 AP SHARON SULLIVAN 44.70
Active 88695 1 11/08/2006 AP SOREN DARR 264.90
Active 88696 1 11/08/2006 AP THOMAS GRANT 82.41
Active 88697 1 11/08/2006 AP TRUCKEE PARTNERS INC 17.66
Active 88698 1 11/08/2006 AP TRUCKEE PARTNERS INC 16.43
Active 88699 1 11/08/2006 AP WILSON FARMS 89.00
Active 88700 1 11/08/2006 AP AFLAC 2,171.34
Active 88701 1 11/08/2006 AP AL POMBO INC. 147.64
Active 88702 1 11/08/2006 AP ALPINE FIRE SERVICES, IN 1,412.80
Active 88703 1 11/08/2006 AP APEX PRODUCTS INC 54.91
Active 88704 1 11/08/2006 AP ARAMARK UNIFORM SERVICES 369.95
Active 88705 1 11/08/2006 AP BATTERIES PLUS 333.18
Active 88706 1 11/08/2006 AP BERRY-HINCKLEY INDUSTRIE 4,767.10
Active 88707 1 11/08/2006 AP RICHARD BLAIR 1,572.07
Active 88708 1 11/08/2006 AP DAVID BOURQUE 150.75
Active 88709 1 11/08/2006 AP DALE BURT 2,869.00
Active 88710 1 11/08/2006 AP BARBARA CAHILL 36.97
Active 88711 1 11/08/2006 AP CAMELLIA VALLEY SUPPLY 517.80
Active 88712 1 11/08/2006 AP CONVERSE CONSULTANTS 5,775.00
Active 88713 1 11/08/2006 AP KFTHLEEN EAGAN 150.00
Active 88714 1 11/08/2006 AP EASTERN REGIONAL LANDFIL 1,804.47
Active 88715 1 11/08/2006 AP DR JAMES EVANS 300.00
Acti-;e 88716 1 11/08/2006 AP GRANITE ELECTRICAL SUPPL 3.24
Active 88717 1 11/08/2006 AP GROENIGER & COMPANY 168.29
Active 88718 1 11/08/2006 AP HEAVY EQUIP, INC. 13,050.00
Active 88719 1 11/08/2006 AP HOWARD INDUSTRIES INC. 10,529.68
Active 88720 1 11/08/2006 AP J & L FOOD MART & CARWAS 183.19
Active 88721 1 11/08/2006 AP LONGO INCORPORATED 722.34
Active 88722 1 11/08/2006 AP MCDONALD PARTNERS, INC. 7,261.08
Active 88723 1 11/08/2006 AP MOUNTAIN HARDWARE 340.81
Truckee Donner Public Utility District
Check Register
Status Check/Trans Type Date Mod Name/Reference Checks/Credits
------ ----------- ---- ---------- --- ------------------------ --------------
Active 88724 1 11/08/2006 AP NCPA 13,087.00
Active 88725 1 11/08/2006 AP KATHLEEN NEUS 400.00
Active 88726 1 11/08/2006 AP OFFICEMAX - A BOISE COMP 194.70
Active 88727 1 11/08/2006 AP OFFICEMAX - A BOISE COMP 5,250.00
Active 88728 1 11/08/2006 AP PHILLIP F. SPALDING 10,000.00
Active 88729 1 11/08/2006 AP QUALITY CONTROL SYSTEMS, 1,020.00
Active 88730 1 11/08/2006 AP ROCK GARDEN 63.43
Active 88731 1 11/08/2006 AP RUSSELLO ENTERPRISES 7,624.80
Active 88732 1 11/08/2006 AP RUSSELLO ENTERPRISES 1,126.20
Active 88733 1 11i08/2006 AP S.A. ENGINEERING 3,561.28
Active 88734 1 11/08/2006 AP SAFETY-KLEEN CORPORATIO 264.00
Active 88735 1 11/08/2006 AP SIERRA ENVIRONMENTAL MON 120.00
Active 88736 1 11/08/2006 AP SIERRA PACIFIC POWER CO 2,967.06
Active 88737 1 11/08/2006 AP SIERRA WELDING SUPPLY CO 154.80
Active 88738 1 11/08/2006 AP VERN SMITH 307.75
Active 88739 1 11/08/2006 AP WILLIAM R SPRINGER 107.32
Active 88740 1 11/08/2006 AP SPRINT 35.78
Active 88741 1 11/08/2006 AP STATE BOARD OF EQUALIZAT 1,071.00
Active 88742 1 11/08/2006 AP STATE WATER RESOURCES CO 872.00
Active 88743 1 11/08/2006 AP TAHOE SUPPLY CO 555.56
Active 88744 1 11/08/2006 AP TAHOE TRUCKEE SIERRA DIS 1,729.67
Active 88745 1 11/08/2006 AP TEICHERT & SON INC CREDI 531.65
Active 88746 1 11/08/2006 AP SIMON THOMAS 13,090.00
Active 88747 1 11/08/2006 AP TRUCKEE-NORTH TAHOE MATE 1,168.30
Active 88748 1 11/08/2006 AP UNITED PARCEL SERVICE 154.71
Active 88749 1 11/08/2006 AP US POSTMASTER 100.00
Active 88750 1 11/08/2006 AP VULCAN CONSTRUCTION & MA 156,512.47
Active 88751 1 11/08/2006 AP WEDCO INC 817.59
Active 88752 1 11/08/2006 AP WESTAMERICA BANK 14,732.19
Active 88753 1 11/08/2006 AP WESTERN NEVADA SUPPLY 210.98
Active 88754 1 11/08/2006 AP WITHROW OXYGEN SERVICE 9.50
Active 88757 1 11/17/2006 AP 3T EQUIPMENT COMPANY, IN 1,301.72
Active 88758 1 11/17/2006 AP A BETTER CLEAN 3,120.00
Active 88759 1 11/17/2006 AP JOSEPH R AGUERA 400.00
Active 88760 1 11/17/2006 AP ANDREGG, INC. 2,983.75
Active 88761 1 11/17/2006 AP ARAMARK UNIFORM SERVICES 111.56
Active 88762 1 11/17/2006 AP AT&T 485.74
Active 88763 1 11/17/2006 AP RICHARD BLAIR 2,251.91
Active 88764 1 11/17/2006 AP BRAD THOMAS 2,112.54
Active 88765 1 11/17/2006 AP DALE BURT 1,197.00
Active 88766 1 11/17/2006 AP CAL-PACIFIC PRODUCTS 127.29
Active 88767 1 11/17/2006 AP CALPERS 43,380.50
Active 88768 1 11/17/2006 AP CARSON PUMP 17,470.00
Active 88769 1 11/17/2006 AP MARY L CHAPMAN 46.85
Active 88770 1 11/17/2006 AP MICHAEL CONNELL 110.00
Active 88771 1 11/17/2006 AP COOPERATIVE PERSONNEL SE 522.50
Active 88772 1 11/17/2006 AP COOPERATIVE RESPONSE CEN 3,809.93
Active 88773 1 11/17/2006 AP DEPENDABLE TOW 150.00
Active 88774 1 11/17/2006 AP EVERGREEN JOB & SAFETY T 1,444.32
Active 88775 1 11/17/2006 AP FLEETPRIDE 17.93
Active 88776 1 11/17/2006 AP GUNTER CONSTRUCTION 21.76
Active 88777 1 11/17/2006 AP MARK S HARRIGAN 155.00
Active 88778 1 11/17/2006 AP MIKE HATCH 104.81
Truckee Donner Public Utility District
Check Register
Status Check/Trans Type Date Mod Name/Reference Checks/Credits
-------- ----------- ---- ---------- --- ------------------------ --------------
Active 88779 1 11/17/2006 AP RON J HEMIG 400.00
Active 88780 1 11/17/2006 AP HIGHLINE EQUIPMENT INC 113.55
Active 88781 1 11/17/2006 AP HUGHES UTILITIES LTD. 8,836.59
Active 88782 1 11/17/2006 AP HUGHES UTILITIES. LTD 174.76
Active 88783 1 11/17/2006 AP IBEW, LOCAL 1245 2,562.60
Active 88784 1 11/17/2006 AP INSIGHT TECHNOLOGY SOLUT 2,100.00
Active 88785 1 11/17/2006 AP JACK JOHNSON 176.62
Active 88786 1 11/17/2006 AP JORDAN'S TRUCK & TRAILER 59.81
Active 88787 1 11/17/2006 AP KOFF & ASSOCIATES, INC. 1,940.00
Active 88788 1 11/17/2006 AP LAWSON PRODUCTS INC 434.81
Active 88789 1 11/17/2006 AP LONGO INCORPORATED 12,528.36
Active 88790 1 11/17/2006 AP MARK FABER 463.89
Active 88791 1 11/17/2006 AP METAL MARKER MFG COMPANY 706.31
Active 88792 1 11/17/2006 AP MOUNTAIN ENTERPRISES 180.00
Active 88793 1 11/17/2006 AP MOUNTAIN HARDWARE 435.56
Active 88794 1 11/17/2006 AP NC AUTO PARTS 654.52
Active 88795 1 11/17/2006 AP KATHLEEN NEUS 297.31
Active 88796 1 11/17/2006 AP NEVADA PAGES INTERNET SE 50.00
Active 88797 1 11/17/2006 AP NRECA 99,716.23
Active 88798 1 11/17/2006 AP OFFICEMAX - A BOISE COMP 446.09
Active 88799 1 11/17/2006 AP PITNEY BOWES POSTAGE 3,000.00
Active 88800 1 11/17/2006 AP PORTER SIMON 13,730.49
Active 88801 1 11/17/2006 AP POWER ENGINEERS 2,352.64
Active 88802 1 11/17/2006 AP POWERPLAN 33.20
Active 88803 1 11/17/2006 AP PROFESSIONAL COMMUNICATI 892.38
Active 88804 1 11/17/2006 AP ROBERT T. GALES 244.56
Active 88805 1 11/17/2006 AP PAUL ROSE 25.36
Active 88806 1 11/17/2006 AP SAINT MARY'S IMMUNIZATIO 965.00
Active 88807 1 11/17/2006 AP SAUERS ENGINEERING INC 800.00
Active 88808 1 11/17/2006 AP SL MYERS INC. 4,055.00
Active 88809 1 11/17/2006 AP SIERRA ENVIRONMENTAL MON 1,101.00
Active 88810 1 11/17/2006 AP SIERRA MULTI-SPECIALTY G 65.00
Active 88811 1 11/17/2006 AP SIERRA SUN 481.00
Active 88812 1 11/17/2006 AP VERN SMITH 180.94
Active 88813 1 11/17/2006 AP SNAP-ON INDUSTRIAL 127.30
Active 88814 1 11/17/2006 AP SOUTHWEST GAS CORP. 73.76
Active 88815 1 11/17/2006 AP STONE'S COUNTRY TIRE 1,998.37
Active 88816 1 11/17/2006 AP SUBURBAN PROPANE 2,442.00
Active 88817 1 11/17/2006 AP PAT SUTTON 400.00
Active 88818 1 11/17/2006 AP TAHOE MOUNTAIN CLUB 3,000.00
Active 88819 1 11/17/2006 AP TAHOE TRUCKEE SANITATION 850.00
Active 88820 1 11/17/2006 AP TIM TAYLOR 400.00
Active 88821 1 11/17/2006 AP TDPUD EMPLOYEES FUND 42.00
Active 88822 1 11/17/2006 AP TEICHERT & SON INC CREDI 2,088.38
Active 88823 1 11/17/2006 AP TEICHERT LAND CO 950.00
Active 88824 1 11/17/2006 AP THE LIGHTHOUSE 1,361.03
Active 88825 1 11/17/2006 AP WILLIAM L. THOMASON 400.00
Active 88826 1 11/17/2006 AP TRUCKEE RENTS INC 24.05
Active 88827 1 11/17/2006 AP WEDCO INC 226.54
Active 88828 1 11/17/2006 AP WESTAMERICA BANK 41,696.49
Active 88829 1 11/17/2006 AP WESTERN NEVADA SUPPLY 105.65
Active 88830 1 11/21/2006 AP US POSTMASTER 4,298.77
Active 88831 1 11/29/2006 AP AM-X CONSTRUCTION & EXCA 1,945.27
Truckee Donner Public Utility District
Check Register
Status Check/Trans Type Date Mod Name/Reference Checks/Credits
-------- ----------- ---- ---------- --- ------------------------ --------------
Active 88832 1 11/29/2006 AP ARAMARK UNIFORM SERVICES 200.41
Active 88833 1 11/29/2006 AP AT&T 1,394.72
Active 88834 1 11/29/2006 AP AUDIO ON-HOLD 158.00
Active 88835 1 11/29/2006 AP B & L BACKFLOW TESTING 260.00
Active 88836 1 11/29/2006 AP BATTERIES PLUS 31.50
Active 88837 1 11/29/2006 AP BERRY-HINCKLEY INDUSTRIE 4,035.02
Active 88838 1 11/29/2006 AP RICHARD BLAIR 2,635.00
Active 88839 1 11/29/2006 AP CA NV SECTION AWWA 37.00
Active 88840 1 11/29/2006 AP CALIFORNIA CONTRACTORS S 109.77
Active 88841 1 11/29/2006 AP CALIFORNIA RURAL WATER A 500.00
Active 88842 1 11/29/2006 AP CALPERS 42,458.63
Active 88843 1 11/29/2006 AP CARSON PUMP 3,720.00
Active 88844 1 11/29/2006 AP CHAMPION CHEVROLET 122.93
Active 88845 1 11/29/2006 AP MARY L CHAPMAN 306.93
Active 88846 1 11/29/2006 AP DBS FORMS CORPORATION 1,582.47
Active 88847 1 11/29/2006 AP DEPENDABLE TOW 80.00
Active 88848 1 11/29/2006 AP DONNER LAKE WATER ASSESS 21,285.56
Active 88849 1 11/29/2006 AP EASTERN REGIONAL LANDFIL 117.91
Active 88850 1 11/29/2006 AP ENERGY SOURCE 989.20
Active 88851 1 11/29/2006 AP DR JAMES EVANS 335.00
Active 88852 1 11/29/2006 AP FEDERAL EXPRESS CORPORAT 149.67
Active 88853 1 11/29/2006 AP CHARLES GAZSO 64.00
Active 88854 1 11/29/2006 AP GENERAL PACIFIC INC 943.66
Active 88855 1 11/29/2006 AP GLOBAL MACHINERY INV. LT 12,055.03
Active 88856 1 11/29/2006 AP GROENIGER & COMPANY 2,491.91
Active 88857 1 11/29/2006 AP HOME DEPOT CREDIT SERVIC 69.24
Active 88858 1 11/29/2006 AP HOWARD INDUSTRIES INC. 4,233.02
Active 88859 1 11/29/2006 AP HUGHES UTILITIES LTD. 10,141.71
Active 88860 1 11;29/2006 AP LAWSON PRODUCTS INC 414.64
Active 88861 1 11/29/2006 AP MATRIX TELECOM, INC. 390.15
Active 88862 1 11/29/2006 AP MILLER, OWEN & TROST 947.15
Active 88863 1 11/29/2006 AP MOONSHINE INK 385.00
Active 88864 1 11/29/2006 AP MOUNTAIN HARDWARE 803.23
Active 88865 1 11/29/2006 AP NATIONAL METER & AUTOMAT 2,260.83
Active 88866 1 11/29/2006 AP NC AUTO PARTS 255.08
Active 88867 1 11/29/2006 AP NEVADA COUNTY RECORDER 36.00
Active 88868 1 11/29/2006 AP NEVADA COUNTY RECORDER 36.00
Active 88869 1 11/29/2006 AP OFFICEMAX - A BOISE COMP 508.32
Active 88870 1 11/29/2006 AP PETTIT GILWEE 960.00
Active 88871 1 11/29/2006 AP PITNEY BOWES POSTAGE 2,000.00
Active 88872 1 11/29/2006 AP PURCHASE POWER 1,058.97
Active 88873 1 11/29/2006 AP RENO FORKLIFT 195.14
Active 88874 1 11/29/2006 AP SCHWEITZER ENGINEERING L 2,171.52
Active 88875 1 11/29/2006 AP SIERRA CHEMICAL COMPANY 395.51
Active 88876 1 11/29/2006 AP SIERRA ENVIRONMENTAL MON 195.00
Active 88877 1 11/29/2006 AP SIERRA PACIFIC POWER CO 64,492.73
Active 88878 1 11/29/2006 AP STATE TREASURER'S OFFICE 400.00
Active 88879 1 11/29/2006 AP STONE'S COUNTRY TIRE 430.00
Active 88880 1 11/29/2006 AP SUBURBAN PROPANE 1,822.13
Active 88881 1 11/29/2006 AP KIM SZCZUREK 126.85
Active 88882 1 11/29/2006 AP TAHOE FOREST HOSPITAL 477.00
Active 88883 1 11/29/2006 AP TAHOE INSTANT PRESS 29.67
Active 88884 1 11/29/2006 AP TEICHERT & SON INC CREDI 926.08
Truckee Donner Public Utility District
Check Register
Status Check/Trans Type Date Mod Name/Reference Checks/Credits
-------- ----------- ---- ---------- --- ------------------------ --------------
Active 88885 1 11/29/2006 AP JOHN S TERRELL 424.57
Active 88886 1 11/29/2006 AP THE SIGN SHOP 257.28
Active 88887 1 11/29/2006 AP TRUCKEE RENTS INC 50.59
Active 88888 1 11/29/2006 AP US POSTMASTER 220.16
Active 88889 1 11/29/2006 AP W & T GRAPHICS 178.70
Active 88890 1 11/29/2006 AP WEDCO INC 2,730.14
Active 88891 1 11/29/2006 AP WESTERN NEVADA SUPPLY 962.51
Active 88892 1 11/29/2006 AP WOLFSMITH MEDIA 5,366.25
Active 133 I 11/03/2006 ACH UAMPS 10,324.01
Active 134 I 11/03/2006 ACH BNY WESTERN TRUST COMPAN 478,248.47
Active 135 I 11/03/2006 ACH ITRON INC. 347.16
Active 136 I 11/03/2006 ACH CALPERS 457 DEFERRED COM 5,148.20
Active 137 I 11/03/2006 ACH CALIFORNIA SERVICE TOOL 192.98
Active 138 I 11/03/2006 ACH CRAINGER, INC. 432.08
Active 139 I 11/03/2006 ACH REXEL/NORCAL VALLEY INC. 2,556.90
Active 141 I 11/08/2006 ACH FIRST CHOICE SERVICES 101.57
Active 142 111/08/2006 ACH PAR ELECTRICAL CONTRACTO 9,577.17
Active 143 I 11/08/2006 ACH INTERSTATE SAFETY & SUPP 337.54
Active 144 I 11/08/2006 ACH REXEL/NORCAL VALLEY INC. 210.52
Active 145 I 11/08/2006 ACH R SUPPLY COMPANY 1,874.29
Active 146 I 11/08/2006 ACH SUNRISE ENVIRONMENTAL SC 422.02
Active 147 111/08/2006 ACH SPRINT PCS 286.63
Active 148 I 11/08/2006 ACH LAKE TAHOE ON LINE 20.95
Active 149 I 11/08/2006 ACH AGGREGATE NETWORKS 10,000.00
Active 151 I 11/17/2006 ACH PAR ELECTRICAL CONTRACTO 11,421.09
Active 152 I 11/17/2006 ACH MERRICK & COMPANY 25,236.45
Active 153 111/17/2006 ACH CRAIG BEEDE 26.23
Active 154 I 11/17/2006 ACH CONSTELLATION POWER SOUR 630,374.42
Active 155 I 11/17/2006 ACH DELL MARKETING L.P. 2,171.81
Active 156 I 11/17/2006 ACH ITRON INC. 2,430.15
Active 157 I 11/17/2006 ACH NISC 10,370.82
Active 158 I 11/17/2006 ACH DE LAGE LANDEN OPERATION 151.58
Active 159 I 11/17/2006 ACH CALPERS 457 DEFERRED COM 5,265.84
Active 161 I 11/29/2006 ACH NISC 11,865.11
Active 162 I 11/29/2006 ACH EQUIFAX INFORMATION SVCS 35.25
Active 163 I 11/29/2006 ACH FIRST CHOICE SERVICES 48.35
Active 164 I 11/29/2006 ACH TIRE DISTRIBUTION SYSTEM 4,172.59
Active 165 I 11/29/2006 ACH CALPERS 457 DEFERRED COM 4,738.72
Active 166 I 11/29/2006 ACH EMPLOYMENT DEV DEPT 23,286.11
Active 167 I 11/29/2006 ACH ICMA RETIREMENT TRUST 45 15,941.84
Active 168 I 11/29/2006 ACH R SUPPLY COMPANY 13.74
Active 169 I 11/29/2006 ACH FERGUSON ENTERPRISES, IN 7.80
Active 170 I 11/29/2006 ACH INTERNAL REVENUE SERVICE 142,827.16
Active 171 I 11/29/2006 ACH CRAIG BEEDE 10.00
Active 172 111/29/2006 ACH UAMPS 10,216.95
Active 173 I 11/29/2006 ACH IMPAC GOVERNMENT SERVICE 8,381.37
--------------
Grand Total for Accounts Payable: 277 2,392,451.21
Voids Are Not Included in Totals
Active 88755 1 11/10/2006 PL PAYROLL CHECK 1,129.52
Active 88756 1 11/10/2006 PL PAYROLL CHECK 1,111.66
Active 174 3 11/02/2006 PL PAYROLL ACH 127,252.99
Active 175 3 11/16/2006 PL PAYROLL ACH 125,143.23
Active 176 3 11/10/2006 PL PAYROLL ACH 8,262.57
Active 177 3 11/30/2006 PL PAYROLL ACH 124,516.87
--------------
Grand Total for Payroll: 6 387,416.84
----------------
Grand Total: 2,779,868.05
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
STATEMENT OF GENERAL FUND
Activity for the Month Ended 11130/06
}
Electric Dept Water Dept Total
Balance in General Fund 10/31/06 $6,337,664.82 $537,104.00 $6,874,768.82
Receipts:
Customer billing revenue $1,553,170.52 $714,551.52 $2,267,722.04
Miscellaneous billing revenue 43,287.64 5,452.64 48,740.28
Customer deposits received 17,626.50 7,240.00 24,866.50
Customer advances-Connection fees 30,204.00 12,595.00 42,799.00
Customer advances-Facilities fees 14,490.00 61,885.28 76,375.28
Customer advances-Other 20,443.50 51,615.00 72,058.50
Miscellaneous revenue 76.86 15,009.39 15,086.25
Unrestrict Glenshire Loan Payment 0.00 (41,696.49) (41,696A9)
Retired employees medical insurance 970.75 0.00 970.75
US Bank interest earned 1,394.58 929.72 2,324.30
Total Receipts $1,681,664.35 $827,682.06 $2,509,246.41
Disbursements:
Accounts payable disbursements $1,848,993.36 $930,874.69 $2,779,868.05
Void checks 0.00 1,865.77 1,865.77
Transfer to water capital reserve fund 0.00 12,694.63 12,694.%J3
Transfer to electric rate stabilization fund 26,709.21 0.00 26,709.21
Restrict Glenshire water monthly surcharge 0.00 (15,367.91) (15,367.91)
Bank charges 45.69 30.48 76.17
Restrict facilities fees collected 14,490.00 61,885.28 76,375.28
Total Disbursements $1,890,238.26 $991,982.94 $2,882,221.20
Balance in General Fund 11/30/06 $8,129,090.91 $372,703.12 $6,601,794.03
1217/20063:43 PM
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
Funds Status Report
Electric Dept Water Dept Total
Distribution of Non-Restricted Funds At Month-End:
Petty Cash-Customer Services Operating Funds $900.00 0.00 $900.00
U.S. Bank-General Fund 57,352.51 0.00 57,352.51
Local Agency Investment Funds-General Fund 6,070,838.40 372,703.12 6,443,541.52
Total Non-Restricted Funds $6,129-090.91 $372,703.12 $6,501,794.03
Distribution of Restricted Funds at Month-End:
Local Agency Investment Funds-Restricted Funds $3,028,211.47 $4,367,766.47 $7,395,977.94
Local Agency Investment Funds-Project Reserve 0.00 11,765,000.00 11,765,000.00
Local Agency Investment Funds-TDPUD Prop 55 Reserve Fund 0.00 310,423.40 310,423.40
Local Agency Investment Funds-Glenshire Water Loan Repayment 0.00 104,093.46 104,093.46
Local Agency Investment Funds-Donner Lake Assessment District 0.00 5,182,600.06 5,182,600.06
U S Bank-Donner Lake Assessment District 00-1 0.00 92,931.00 92,931.00
Total Restricted Funds $3,028,211.47 $21,822,814.39 $24,851,026.86
Total Funds Available $9,157,302.38 $22,196,517.51 $31,352,819.89
12/7/20063:43 PM
INVESTMENT STATUS REPORT
Activity for the Month Ended 11/30106
INVESTMENTS
LOCAL AGENCY INVESTMENT FUND 6.126% $31,201,636.39
ELECTRIC FUNDS 10/31/06 Activity 11106 11130/06
General Fund $5,900,888.08
Record LAIF transfer inlout general fund 95,000.00
Restrict facilities fees received (76,375.28)
Restrict Glenshire water revenue received 26,328.58
Transfer 2%rate increase to Electric Rate Reserve (26,709.21)
Consolidate cash 151,706.23
6,070,838.40
Facilities Fees-Post AB1600 1,703,486.92
Restrict facilities tees 14,490.00
1,717,976.92
Storm Damage Fund 309,413.21
309,413.21
Building Fund 279,984.13
279,984.13
Electric Rate Reserve Fund 694,128.00
Transfer 2%rate increase to Electric Rate Reserve 26,'109.21
720,837.21
Total Electric Investments $8,887,900.34 $211,149.53 $9,099,049.87 $9,099,049.87
WATER FUNDS 10131/06 Activity 11106 11/30/06
General Fund $537,104.00
Consolidate cash (151,706.23)
Transfer 2%rate increase to Water Capital Reserve (12,694.65)
$372,703.12
Facilities Fees-Global after 515/97 3,441,566.59
Restrict facilities fees received 61,885.28
3,503,451.87
2006 COP LAIF Project Account 11,765,000.00
11,765,000.00
Water Capital Reserve 101,579.05
Transfer 2%rate increase to Water Capital Reserve 12,694.63
114,273.68
Reserve for Future Meters 290,223.80
290,223.80
Donner Lake Refunds Fund 64,110.10
64,110.10
West River St.Assessment District
Bond Redemption Fund 30,726.11
30,726A 1
Prepaid Connection Fees 77,023.53
77,023.53
Ponderosa Palisades 4 Improvement 873.48
873.48
Sierra Meadows 3 Improvement Fund 5,177.22
5,177.22
Glenshire Loan Repayment Fund 130,422.04
Restrict Glenshire monthly surcharge 15,367.91
Unrestrict Glenshire Reserve-loan payment (41,696.49)
104,093.46
Glenshire Water Sinking Fund 0.00
0.00
Donner Lake Assessment District Fund 5,182,600.06
5,182,600.06
TSA SAD 11 Improvement Fund 71,091.23
71,091.23
TSA SAD V Improvement Fund 62,619.73
62,619.73
Land Sales Trust Fund '148,195.72
148,195.72
Reserve Fund-TDPUD Prop 55 310.423.40
310,423.40
Total Water Investments $22218,736.06 ($116,149.55) $22,102,586.51 $22,102,586.61
Total Investments $31,106,636.40 $94,999.98 $31,201,636.38 $31,201,636.39
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
Electric Balance Sheet
November 30, 2006 and 2005
ASSETS 2006 2005
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - - -- -- -- -- -- . . . . . . . . . . . . . . . .. .
Current assets:
Unrestricted assets:
Cash and investments 6,189,048 .58 4,800,285.17
Storm damage investment account 309 ,413 .21 331,581 .49
Building reserve 279.984 . 13 281 ,447 .81
Electric rate reserve 720,837 .21 452.512. 12
---- - - ---- -- -- ---- --------- -------- -
Total unrestricted assets 7,499,283.13 5,865,826.59
------ ---- -------- ------------------
Accounts receivable, net 660 .811 .13 681,987 .03
Materials and supplies 723,570 .69 609.959.55
Prepaid expenses and other 65.304.64 128.879.16
Interest income receivable 77 .169.17 36,985.82
Electric deferred debits 7 .308.20 24.801 .68
------------------ ------------------
Total current assets: 9,033,446.96 7.348,439.83
------------------ ------------------
Non-current assets:
Capital assets . net 26,356 ,426 .02 20,146,643.81
Restricted assets:
Power contract buy-out - 2003 COPS
Reserve fund 1 , 185,501 .56 875,001.56
Certificate payment fund 2,776 ,269.73 1,483,827 .89
Principal and interest fund 0 .00 1 ,192,500 .01
Facilities fees fund 1 ,717 ,976.92 1 ,391 ,613.28
Equipment loan escrow fund 0 .00 0.00
IVUE conversion escrow fund 0. 00 0.00
2005 Equip loan escrow fund 15.326.74 225,170. 10
------------------ ------------------
Total restricted assets 5,695,074.95 5,168,112.84
------------------ ------- -----------
Other assets 1 .417.301.32 1 ,684,086.32
Total non-current assets: 33,468,802.29 26,998,e42.97
------------------ ------------------
TOTAL ASSETS $ 42,502,249.25 $ 34,347,282.80
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
Electric Balance Sheet
November 30, 2006 and 2005
LIABILITIES & NET ASSETS 2006 2005
- - - - - - - - - - - - - - - - - - -- - - - - - -- -- - - - - - - - - - - - - - . . . . . . . . . . . . .. . . . . . . . . . . . . .. . . . . . . . .
Current liabilities:
Accounts payable 723,223.26 674.389.00
Deferred credit miscellaneous 18,175.12 3.343.29
Deferred credit Broadband 0.00 0.00
Customer deposits 152,337 .04 151 ,206.16
Accrued interest 426.413.31 454.227.01
Accrued payroll 336.785.31 506,607.60
------------------ ------------------
Total current liabilities: 1,656,934.04 1,789.773.06
-------------- ---- ------------------
Non-current liabilities:
Long-term debt
Power contract buy-out 2003 COPS 20,156,238.05 22,624,417.05
Lease/Purchase equipment 897.378.15 1, 108,358.64
------------------ ------------------
Total long-term debt 21,053,616.20 23.732,775.69
------------------ ------------------
Deferred revenue 9,960,810.47 5.306.388.56
------------------ ------------------
Total non-current liabilities: 31,014,426.67 29,039,164.25
------------------ -------------- ----
Total liabilities 32,671,360.71 30.828,937.31
------------------ ------------------
Net assets 9,830,888.54 3.518.345.49
------------------ ------------------
TOTAL LIABILITIES & NET ASSETS $ 42,502,249.25 $ 34,347,282.80
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
Electric Statements of Revenues, Expenses and Changes in Fund Equity
Periods ended October 31, 2006 and 2005
2006 2005
. . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . .. . . . . . ... . .... . . . . . . .. .. . . . . . . . . . . . . . . . . . .
° Operating revenues:
Residential sales 8,236,439.18 7 ,554,359.30
Commercial sales 3.311.257 .29 3, 007 ,090.42
Large commercial sales 3,351 ,248.03 2,779, 155.80
Sale to public authorities 132,224.96 127 ,681.03
Interdepartmental sales 1 ,214,785.57 1 , 177 .690.46
- ------------- ---- ----------------- -
Total Energy Sales 16,245,955.03 14,645,977.01
------------------ ------------- -----
Standby fees 24,040 .00 (120.00)
Misc operating revenue 136.982 .86 197.277.33
Misc rents 18.657 .00 20.699.52
Interdepartmental rent 258,676.00 222,662.00
------------------ ------------------
Total operating revenues 16,684,310.89 15,086,495.86
------------- ----- ------------------
Operating expenses:
Power purchases 7,716,876.81 7,314,833.67
Distribution operations 2,020,627 .11 1,682, 131 .30
Distribution maintenance 328.765.45 187.453.95
Administrative and general 1,791 ,751 .68 1 ,775,638.26
Consumer services 499.788.16 488.248.69
Depreciation 880,002.84 778,693.55
------------------ -------- -----------
Total operating expenses 13,237,812.05 12,226,999.42
------------------ ------------------
Net operating income/(loss) 3,446,498.84 2,859,496.44
------------------ ------------------
Non-operating revenues/(expenses)
Income from investments 469,365.08 232,561.80
Interest expense (998,557.05) (1,068,421.95)
Gain/(loss) on sale of assets 129.441 .34 6.395.54
------------------ ------------------
Net non-operating revenues/(expenses) (399,750.63) (829.464.61)
---------------- -- ------------------
Net income / (loss) $ 3,046,748.21 $ 2,030,031.83
Capital contributions 719.706.20 40,687 .09
------------------ ------------------
Net change in net assets 3,766,454.41 2,070,718.92
Net assets beginning of year 6,064,434. 13 1 ,447.626.57
------------------ ------------------
Net assets, end of year S 9,830,888.54 $ 3,518,345.49
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
Water Balance Sheet
November 30, 2006 and 2005
ASSETS 2006 2005
Current assets:
Unrestricted assets:
Reserve for future meters 290.223.80 234 .347 .21
Donner Lake refunds 64.110.10 61 ,403 .90
Capital replacement reserve 114,273.70 0. 00
Prepaid connection fees 77,023.53 74.794.64
Proceeds from land sales 148.195.72 0. 00
------------- ----- ------------------
Total unrestricted assets 693,826.85 370,545.75
------------------ -------------- ----
Accounts receivable, net 548,963.41 486.570.93
Materials and supplies 161 .950.47 176,665.96
Prepaid expenses and other 44,534.87 109,482.80
interest income receivable 9,874. 12 38.180.28
Water deferred debits 9.267 .18 7.668. 05
------------------ ------------------
Total current assets: 1,468,416.90 1,189,113.77
------------------ ------------------
Non-current assets:
Capital assets , net 54.437.776.41 48. 143.811 .86
Land held for sale 430.100 .00 430.100.00
Restricted assets:
Cash and investments 364,922.22 (1 .030,794.41)
1996 COP
Reserve fund interest 20.767 .34 25,251 .86
Certificate payment fund 405.01 66,783.82
Principal & interest fund 14,446.12 379.93
2006 COP
Project fund 11 ,765,000.00 0.00
Reserve fund 1 ,901 ,326.39 0.00
Delivery cost fund 14.225.61 0.00
Certificate pymt fund 167,228.31
Reserve acct - Prop 55 310.423.38 305.917 70
Donner Lake Assessment District 5,275,531 .06 3. 156.147 .78
Reserve acct - DLAD SRF 40,043.00 0.00
Facilities fees 3.503.451 .87 2,780,338.73
West River Assessment District 30.726. 11 29.431 .96
Ponderosa Palisades 4 improvement 873.48 827 .87
Sierra Meadows 3 improvement 5. 177 .22 4,961 .95
Glenshire Water System loan pymt resery 104,093.46 82.874.27
Truckee SAD II improvement acct 71 .091 .23 68,115.75
Truckee SAD V improvement acct 62.619.73 59,978.03
Equipment loan escrow fund 0.00 0.00
2005 Equip loan escrow fund 3.996. 16 137 187 .32
2006 COP Escrow for 1996 COP 0.00 0.00
Total restricted assets 23,656,347.70 5,687,402.56
------ ------------ ------------------
Investments 0.00 808.583.66
Special assessment receivable 9.623.244.77 10,087,794.70
Other assets 839,274. 01 462,140.49
------------------ ------------------
Total non-current assets: 88,986,742.89 65,619,833.27
------------------ ------------------
TOTAL ASSETS $ 90,455,159.79 $ 66,808,947.04
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
Water Balance Sheet
November 30, 2006 and 2005
LIABILITIES & NET ASSETS 2006 2005
Current liabilities:
Accounts payable 124.725.86 180.125.89
Deferred credit miscellaneous 57 ,984.91 50. i15.58
Customer deposits 93.032.52 35,683.12
Accrued interest 231 ,125 .64 219 ,667 .09
Accrued payroll 145,135 .86 116,813. 11
------------------ ------------------
Total current liabilities: 652,004.79 602,409.79
------------------ ------ ----------- -
Non-current liabilities:
Long-term debt
2006 COP bonds 27,067 ,608 .30 0.00
1996 Water System Improvement project 0 .00 8,434,828. 15
DWR Prop 55 Loan 3,538,845. 16 3,728,335.88
Bridge Street 6160 Tank 1 ,209,820 .34 1,286,702.06
Glenshire Drive Water Impr project 1 ,396,963.96 1 ,489,391.22
SRF loan #2910005-05 12,481 ,514.54 11 ,823,443.95
Lease/Purchase equipment 210,729.01 296, 100. 11
---- -------------- ------------------
Total long-term debt 45,905,481.31 27,058,801.37
------------------ ------------------
Deferred revenue 3.992.589 .93 3,433.856.31
- - -- -------------- ------- -----------
! Total non-current liabilities: 49,898,071.24 30,492,657.68
------------------ ------------------
Total liabilities 50,550,076.03 31,095,067.47
------------------ ------------------
Net assets 39,905,083.76 35,713.879.57
-------------- ---- ------------ - -----
TOTAL LIABILITIES & NET ASSETS $ 90,455,159.79 $ 66,808,947.04
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
Water Statements of Revenues, Expenses and Changes in Fund Equity
Periods ended October 31, 2006 and 2005
2006 2005
Operating revenues:
Residential sales 6,158,160.23 5,760,791 .25
Commercial sales 899,874.87 772,016.27
interdepartmental sales 1,152.20 1 . 106.93
- -------------- --- ---- ------- ---
Total water sales 7,059,187.35 6.533,914.45
------------------ --- --- - --------- --
Standby fees 63.920.00 (1 .600 .00)
Misc operating revenue 262 ,774.74 228.601 .96
Viso rents 27 .062.60 26,389.42
Hydrant revenue ------- - -------
106.658.82 104,710 .28
---------- ---------- -
Total operating revenues 7,519,603.51- -----6,892,016.11
----------------- ------ - ------
Operating expenses:
Power purchases 1 .430.350.49 1 ,240 ,949.32
Distribution operations 1 ,475,198.71 1 ,575,991 .85
Distribution maintenance 899.886. 16 954.459. 02
Administrative and general 1 ,142,996.05 1 ,092,379.32
Interdepartmental rent 258,676-00 222,662.00
Consumer services 294.948.98 277,327 .27
Depreciation 1 ,741,577.88- -----1 .610. 178. 11
----------------- -------------
Total operating expenses 7,243,634.27- -----6,973,946.89
----------------- -------------
Net operating income/(loss) 275,969.24 (81,930.78)
------------------ ------------------
-' Non-operating revenues/(expenses) 470,927.33 491.205.01
Income from investments
Interest expense (923.864.06) (1 .145,917 .37)
CFD Admin Exp Reimb 9, ----
------------------ ----------- ---
Gain/(loss) on sale of assets 436,757 .25- -------404.974.00
----------------- -----------
Net non-operating revenues/(expenses) (16,179.48) (240,494.18)
------------------ ------------------
Net income / (loss) E 259,789.76 $ (322,424.96)
Capital contributions ------- - -------
608,988.34 889,294.67
---------- -----------
Net change in net assets 868,778.10 566,869.71
Net assets , beginning of year 39,036,068.03 35, 147 ,009.86
------------------ ------------------
Net assets, end of year $ ___39_904_846_13 $_ 35_713_879_57_
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
Mello Roos - Old Greenwood Balance Sheet
November 30. 2006 and 2005
ASSETS 2006 2005
- - - - - - - - - - - - - - - - - -- -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - . . . . . . . . . . . . . . . . . .
Current assets:
Unrestricted assets:
Total unrestricted assets 0.00 0.00
------------------ ------------------
Accounts receivable, net 769.204.62 4.500.00
------------------ ----- -------------
Total current assets: 769,204.62 4,500.00
-------- ---------- --------------- ---
Non-current assets:
Restricted assets:
Mello Roos Investments
Reserve 1 .271 .326 .64 1 .236.312.95
Principal Account 0 .75 0.00
Acquisition & Construction 1 .292.52 1 .262.01
Capital Interest Sub Acct 0.00 0.00
Prepayment Account 450.00 0.00
Admin expense 4,844.96 7.157.22
Interest acct 21.52 428. 10
Surplus Fund 60,899.98 34,417 .04
------------------ --------- ---------
Total restricted assets 1,342,615.13 1,279,599.29
Other assets 229.259.83 243.491.37
------------------ ------------------
Total non-current assets: 1,571,874.96 1,523,090.66
------------------ --- ---------------
TOTAL ASSETS $ 2,341,079.58 $ 1,527,590.66
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
Mello Roos . Old Greenwood Balance Sheet
November 30, 2006 and 2005
LIABILITIES & NET ASSETS 2006 2005
- - - -- -- -- - - - - -- - - - - - - - - - - - - - -
- - -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - -
Current liabilities:
Accrued interest 180 ,543.42 173 068. 18
---------- -------- ----- -------------
Total current liabilities: 180.543.42 173,008.18
------------ -- ---- ------------------
Non-current liabilities:
Long-term debt
43500009
Mello Roos - Old Greenwood 12 ,335 ,000. 00 12. . .
Mello Roos - Unamortized detut di,count (136.997 .;7) (14646.19595.38)
------ ---- -------- ------------------
Total long-term debt 12,198,002.23 12,288,804.62
------------------ ------------------
Deferred revenue 381 ,542.31 0.00
------------------ ----- -------------
Total non-current liabilities: 12,579,544.54 12,288,804.62
---------- -------- ------- -----------
Total liabilities 12,760,087.96 12,461,812.80
------------------ ------------------
Net assets (10.419,008.38) (10,934,222. 14)
------------------ ------------------
TOTAL LIABILITIES & NET ASSETS S 2,341,079.58 $ 1,527,590.66
TRUCK.EE DONNER PUBLIC UTILITY DISTRICT
Mello Roos - Old Greenwood Statements of Revenues, Expenses and Changes in Fund Equity
Periods ended November 30, 2006 and 2005
2006 2005
' Operating revenues:
Misc operating revenue 765 .00 0 .00
- ------------- ---- ------------------
Total operating revenues 765.00 0.00
-- ------ -- -------- ------------------
Operating expenses:
0.00 0. 00
0 .00 0 .00
---------- ------ -- ---- --------------
Total operating expenses 0.00 0.00
----------------- - ------------------
Net operating income/(loss) 765.00 0.00
-------- -------- -- ------------------
Non-operating revenues/(expenses)
Tax revenues 831 .224. 17 337,225.43
Income from investments 53,350.54 41 ,891 .36
Interest expense (686.154.02) (673.140.05)
---------- -------- ------------------
Net non-operating revenues/(expenses) 198,420.69 (294,023.26)
------------------ -------- ----------
Net income / (loss) $ 199.185.69 $ (294,023.26)
Capital contributions (1 ,200.00) (385.644.65)
------------------ ------------------
Net change in net assets 197,985.69 (679,667.91)
Net assets . beginning of year (10,616.994.07) (10.254,554.23)
------------------ ------------------
Net assets. end of year $ (10,419,008.38) f (10.934,222.14)
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
Mello Roos - Gray's Crossing Balance Sheet
November 30, 2006 and 2005
ASSETS 2006 2005
- - - - - - - - - -- - - --- - - - -- - - - - - -- - - - - - - - -
- -- - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - - - -
Current assets:
Unrestricted assets:
Total unrestricted assets 0.00 0.00
------------------ ------------------
Accounts Receivable 1 ,874,250.28 0.00
------------------ ------------------
Total current assets: 1,874,250.28 0.00
Non-current assets:
Restricted assets:
Mello Roos Investments
Reserve 3,213,152.48 3,208,484.79
Project account 3,128,655.46 16,353,820.44
Capital interest 19.166 .63 985.500 .58
Special Tax Fund 1 .598. 10 0 .00
Interest Account 402.45 0.00
?:dmin expense 33,233.40 75.026.93
Surplus Fund 163.903,81 0 .00
Issuance costs 0.00 31,111 . 06
------------------ ----------------- -
Total restricted assets 6,560,112.33 20,653,943.80
------------------ --- ---------------
Other assets 478.324.77 516.333.67
------------------ ---------- --------
Total non-current assets: 7,038,437.10 21,170,277.47
------------------ ------------------
TOTAL ASSETS E_ 8_912_687_38 f- _21_170_277.47_
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
Mello Roos - Gray's Crossing Balance Sheet
November 30, 2006 and 2005
LIABILITIES & NET ASSETS 2006 2005
- - - - - - -- -- - - - - - - -- - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - . .. . . . . . . . . . . . . . . . . . . . . ..
Current liabilities:
Accrued interest 463 ,560.00 407 ,868.35
Total current liabilities: 463,560.00 407,868.35
-- ---------------- ------------------
Non-current liabilities:
Long-term debt
Mello Roos Gray' s Crossing 15,375,000 .00 15,375.000.OG
Mello Roos Gray' s Series 2005 19 ,155,000.00 19, 155,000.00
Mello Roos Unamortized debt discount (550 .133. 14) (584. 79.60)
----- ------------
Total long-term debt 33,979,866.86 33,945,420.40
------------------ ------------------
Deferred revenue 936,360. 14 0.00
------------------ ------------------
Total non-current liabilities: 34,916,227.00 33,945,420.40
------------ ------ ------------------
Total liabilities 35,379,787.00 34,353,288.75
------------------ ------------------
Net assets (26,467 .099.62) (13. 183,011..28)
------------------ ------- -----------
E 8_912=687_36_ $_ 21_170_277_47
TOTAL LIABILITIES & NET ASSETS _
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
Mello Roos - Gray'sCro ssindedtatements of Revenues, Expenses and Changes in Fund Equity
Period
November
2006 and
2005
2006 2005
Operating revenues:
175.00 0 .00
Misc operating revenue ------------------ ----- ------- ------
175.00 0.00
Total operating revenues -------- ----------
---------- --------
Operating expenses: 0 .00 0.00
0 00 0.00
0.00 0.00
Total operating expenses ------------------
------------------
175.00 0.00
Net operating income/(loss) -- ---------- -----
--- ---------------
-
Non-operating revenues/(expenses) 1 ,342,956.64 (2,956.05)
Tax Revenues 556,795 .42 261 .934.65
Income from investments (52.367 .91) (17.851 .39)
interest expense ----------------- -
------------------
1,847,384.15 -- --241.127.21
Net non operating revenues/(expenses) --------
--- 41
Net income / (loss) $ 1,847,559.15 $ 241,127.21
(14.350,910.00) (6,506.399.08)
Capital contributions ------------------
------------------
Net change in net assets (12,503,350.85) (6,265,271.87)
Net assets , beginning of year -------- ------- --- -----------
$_ _(26=467_099_62) $_ (13_183_011_28)
Net assets, end of year
12''-"1611105Mt
TRUCKEE DONNtrc PUBLIC UTILITY DISTRICT: 2006 OPERATING BUDGET REPORT - Through November 30 ,2006 91%
REVENUES:
ELECTRIC: WATER: TOTAL:
Budget Actual Budget Bal % Budget Actual Budget Be[ 9'. Budget Actual Bud et Bal °
Residential Sales Budge 10 8,945,118 957,492 90% 6,908,373 6,548,322 360,051 95% 16,810,983 15,493,441 1 194 242 92
32,292 104% 8,442,873 8,248,646
Commercial Sales 7,533,599 7,307,080 226,519 97°/. 909,274 941,566 ( 116) 91% 1,430,940 1,283,501 147,439 90%
1,429.672 1,282,348 147,324 90% 1,268 1,152
Interdepartmental Sales 92,594 (10,789) 113% 250,987 233,982 14,855 93%
Misc Operating Revenue 169,182 141,388 27,794 84% 81,790
MISC Rants 20,785 18,657 2,128 90% 29,790 27,063 2,727 91°/. 50,575 45,720 4,855 90°/.
Standby Revenue 20,785 18,657 (1,128 190% 184,720 63,920 120,800 35% 207,380 87,960 119,420 424'e
282,186 258,676 23,510 92%
Interdepartmental Rent 282,186 258,676 23,510 92%
0% 129,182 113,956 15,226 88% 129,182 113,956 15,226 °
Fire Protection Fees -
Total Operating Revenue 19,360,694 17,977,308 1,383,386 93% 8,244,412 7,788,574 455,838 94% 27,605,106 25,765,882 1,839,224 93%
Temp loan-Broadband Expenses 146,350 36,474 109,876 25% 146,350 36,474 109,876 0% 292,700 72,948 219,752 251%
160,000 - 160,000 0% 160,000
Transfer from Building Fund 253,829 232%
Interest Income 124,656 364,599 (239,943) 292% 717,655 137 022 600,643) 119% 737 665 137 022 (600 643) 19%
Transfer from Facilities Fees
Net Revenues 19,791,700 18,378,381 1,413,319 93% 9,195,616 8,043,145 1,152,471 87N. 28,987,316 26,421,S26 2,565,791 91%
EXPENSES:
ELECTRIC: WATER: TOTAL:
Budget Actual Bud et Bal % Budget Actual Budget Sal % Bud et Actual Bud et Bal
104% 62,175 6,19 173%
Board of Directors
65,175 67,655 (2,480) 67,366 (5,191) 108% 127,350 135,021 ( )
General Manager 555,397 404,312 151,085 73% 486,047 818,07 170,963 92% 2,365,575 071,264
037 294,538 T °
Administrative Services 1,476,537 1,252,962 223,575 85% 889,038 818,075 70,963 92% 2,365,575 2,08 ,651 222,049 88%
Planning Services 115,767 107,440 8,327 93% 89,933 76,211 13,722 145% 205,700 350,977 154,612 69%
449,403 269,243 180,160 60% 56,186 81,734 (25,548)
Support Services 742,994 439,035 90% 6,544,456 5,780,695 763,761 88%
Electric/Water Operations 2,362,427 2,037,701 324,726 78% 4,159,566 3,
Power Supply 549,364 427,759 121,605 78% 159,566 107,411 52,155 67% 9,026,888 7,716,877 1,310,0111 85%
Purchased Power 9.026,888 7,716,877 1,310,011 85%
282,186 258,676 23,510 92% 282,186 258,676 23,510 92%
Interdepartmental Rent
Total Operating Expenses 14,600,958 12,283,949 2,317,009 84% 6,207,160 5,503,407 703,753 89% 20,808,118 17,787,356 3,020,762 85%
- - 0% 300,000 285,500 14,500 95%
Transfer to Reserve-2003 COPS 300,000 285,500 14,500 95% - 26,000 0%
26,000 26,000 0% 26,000
Transfer to Prop 55 Reserve Fund _ - - - 360,678 245,162 115,516 68%
Trans to Rate Stabilization Fund 360,678 245,162 115,516 68% 112,956 40,939 73% 153,895 112.956 40,939 73%
3
Trans to Capital Reserve Fund 5 ,806,290 3,372,334 433,956 89% 2,651 638 638 1,761,958 889,680 66% 6,457,928 5,134,291 1,323,637 80%
Debt Service Payments
Total Expenses 19,067,926 16,186,945 2,880,881 8590 9,038,693 7,378,321 1,660,372 82% 28,106,619 23,585,266 4,541,353 84%
Net Revenue Less Expenses 723,774 2,191,436 (1,46T,6621 303% 156,923 664,824 507,901 424% 880,697 2,856,260 1,975,563 324%
I
i
11-2006 opemift Report-Budget
TITLE 3
FINANCE AND ACCOUNTING
CHAPTERS
3.01 Budgeting
3.04 Auditing
3.06 Price of Purchased Power
3.08 Purchasing
3.10 Capitalization Policy
3.12 Accounts Receivable
3.16 Accounts Payable
3.20 Investments
3.24 Restricted Funds
3.28 Contract Management
3.32 Standby Charges and
Assessment Districts
CHAPTER 3.01
BUDGETING
Sections:
3.01. 001 Financial Goals
3.01.01.1 The following goals are established to promote and maintain the financial
strength of the District:
Planning Goals
• Review water and electric master plans at least every five years
• Review our finance master plan each year
• Prepare annually five-year capital replacement budget
• Review rate structure and levels at least once every three years
• Review Financial Goals every three years
Revenue Goals
• Set operating revenues to capture entire cost to provide service plus maintain
reserves and satisfy debt coverage ratios
• Review connection charges each year and set then to recover all costs
• Review facilities fees every three years
Debt Goals
• Separate debt that is serving development (facilities fees), debt serving current
customers (rates), and debt serving a special assessment district (assessments).
These categories of debt should be separately identified in the budget.
• One-half the debt service for all long-term debt in the aggregate is due in the first
ten years
• No more than one half the projected annual facilities fee revenue committed to
debt service
• No more than twenty-five percent of general fund revenues committed to debt
service
• No debt more than 25 year maturity
• No debt longer than useful life of the project
Cash Reserve Goals-Operations
• Water general fund should have a reserve equal twice the highest month
budgeted expenditure (this will probably be the month in which principal and
interest on debt is due)
• Electric general fund should have a cash reserve equal to twice the highest
month budgeted expenditure (This will be the month in which the highest
wholesale electric bill is due plus the highest debt service payment)
• Electric rate stabilization fund should maintain a balance of $1,000,000
Capital Reserve Goals
• There should be a revolving water capital reserve fund in the amount of
$4,000,000 to permit projects to be initiated and funded prior to arrangement of
long-term debt or other financing.
• There should be an electric capital reserve fund in the amount of $1,000,000.
Debt Reserve Goals
• There should be a reserve fund for each debt instrument equal to one year's
principal and interest
(Res.0439)