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Home My WebLink AboutAttachment 1 - Finance Corp Annual Report UpdatedTRUCKEEDONNERPUBLICUTILITYDISTRICTCERTIFICATESOFPARTICIPATION(WATERSYSTEMIMPROVEMENTPROJECTS)SERIES2015-REFUNDEDPORTIONANNUALREPORT12/31/2017Attachment 1 CONTINUINGDISCLOSURECERTIFICATE:4.ContentofAnnualReports(a)TheauditedfinancialstatementswereelectronicallyforwardedtoBankofNewYorkon06/13/2018.(b)TheprincipalamountofrefundedCertificatesoutstandingwas$12,960,000asofDecember31,2017.(c)TheReserveisnolongerrequiredduetothe2015refunding.(d)Updatedtablesfrom“THEWATERSYSTEMOFTHEDISTRICT”INTHEOfficialStatementareattached:(i)“TRUCKEEDONNERPUBLICUTILITYDISTRICT-HistoricWaterProductionandAccounts”onpage30inthe2015RefundingoftheOfficialStatement.(ii)“TRUCKEEDONNERPUBLICUTILITYDISTRICT-HistoricSalesRevenue”onpage30inthe2015RefundingoftheOfficialStatement.(iii)“TRUCKEEDONI’JERPUBLICUTILITYDISTRICT-LargestCustomers”onpage32inthe2015RefundingoftheOfficialStatement.(iv)“TRUCKEEDONNERPUBLICUTILITYDISTRICT-HistoricOperatingResultsofDebtServiceCoverage”onpage42inthe2015RefundingoftheOfficialStatement. TRUCKEEDONNERPUBLICUTILITYDISTRICTTotalHistoricWaterProductionandAccountsFr()thtctiofl(Million¾Increase/Commercial¾Increase/Residential%Increase/Gallons)(Decrease)Accounts(Decrease)Accounts(Decrease)Year20011,7364818,13020022,19826.61%54813.93%10,26826.30%20032,2080.45%5632.74%10,4912.17%20042,4249.78%5823.37%10,7392.36%20052,206-8.99%6053.95%11,1463.79%20062,3717.48%6466.78%11,4362.60%20072,4332.61%641-0.77%11,8013.19%20082,304-5.30%6562.34%11,8430.36%20092,056-10.76%6702.13%11,9000.48%20101,786-13.13%6953.73%11,876-0.20%20111,727-3.31%7092.01%11,711-1.39%20121,8577.53%706-0.42%11,7530.36%20131,846-0.58%7060.00%11,8090.48%20141,682-8.88%699-0.99%11,9150.90%20151,381-17.90%7040.72%12,0120.81%20161,4605.72%7060.28%12,1210.91%20171,4710.78%7060.00%12,2180.80% TRUCKEEDONNERPUBLICUTILTIYDISTRICTHistoricWaterSalesRevenues%Increasc/%Increase/YearResidential(Decrease)Commercial(Decrease)2001$3,944,222$476,19520025,013,24227.10%647,82236.04%20035,768,09215.06%678,4234.72%20046,254,7568.44%825,10921.62%20056,609,3115.67%844,8122.39%20067,160,4858.34%991,94117.42%20077,875,8299.99%1,165,51117.50%20088,459,8237.42%1,179,1571.17%20098,577,3961.39%1,137,447-3.54%20108,973,2204.61%1,184,0844.10%20118,731,670-2.69%1,227,5333.67%20128,492,037-2.74%1,374,37611.96%20138,508,6070.20%1,338,298-2.63%20148,742,1432.74%1,328,800-0.71%20159,014,6953.12%1,230,259-7.42%20169,783,5338.53%1,407,44614.40%201710,383,0196.13%1,464,5144.05% TRUCKEEDONNERPUBLICUTILTIYDISTRICTLargestWaterCustomers-FiscalYear2017CustomerWaterUsage(1)AnnualPaymentsTAHOEMOUNTAINCLUB(OldGreenwood&Gray’sGrossingGolfCourses)137,869,875$144,173COYOTEMOONGOLFCOURSE57,453,52244,112TRUCKEEDONNERRECREATIONANDPARKDISTRICT23,686,43560,486TAHOEDONNERASSOCIATION22,994,206109,950TAHOETRUCKEEUNIFIEDSCHOOLDISTRICT17,802,80248,135VILLAGEGREENMOBILEHOMEPARK14,887,71534,153TAHOEFORESTHOSPITAL13,580,36447,772BOBGALES(CoachlandMobileHomePark)10,691,00025,045DONNERCREEKMOBILEHOMEPARK7,653,94315,158OREGONINVESTORS(TruckeePinesApartments)6,335,53832,105TOPTENTOTAL312,955,400$561,089TOTALSYSTEM1,471,334,157$11,801,888.3221.27%4.75%(1)Gallons TRUCKEEDONNERPUBLICUTILITYDISTRICThistoricWaterOperatingResults&DebtServiceCoverageFiscalYearEndingDecember31Revenues20132014201520162017SalestoCustomers$9,870,531$10,102,819SIt),313,593Si1,312,973$11,801,888StandbyFees157,440150,390145,840138,480133,440InvestmentIncome(1)10,50687,31285,74170,57384,678facilitesFees(2)264,199417,873386647595,761338,461ConnectionFees(2)(3)90,856166,328139,771180,226144,722MeterSurcharge7t)3,9820000()ther4328553403,847329,644610,697405,521TotalRevenues$11,426,067$11,328,570$11,401,236S12,908,710S12,908,711Operating&MaintenanceExpensesOperationsandMaintenance$4,802,929$4,508,867$4,422,t)49$4,484,787$4,835,623AdministrationandGeneral1,829,7412,114,5062,t)88,1002,254,5372,231,453CustomerServices730,605813,864725,096656,181640,793PensionExpense-UASB6800226,149488,236907,844OPEBExpenseQ287,687158,94t)TotalOperations&MaintenanceExpenses$7,363,275$7,437,237$7,461,394$8,171,428$8,774,653NetRevenues$4,062,792$3,891,333$3,939,842$4,737,282$4,134,058ParityDebtService2006InstallmentPurchaseAgreement$1895,089$I,898,8891,812,8491,768,638$1,72I629I)WRProposition55Loan$306,481$306,481$306,481$306,481$306,481InterestonParity1)ebtServiceReserveFunds(6,130)(5,283)(5,485)(2,904)(4,301)TotalParityI)ebtService$2,195,440$2,200,087$2,113,845$2,072,215$2,023,808ParityDebtServiceCoverage1.851.771.862.292.04NetRevenuesRemainingfbrSubordinateDebt$1,867,352$1,691,246$1,825,997$2,665,067$2,110,250ServiceSubordinateDebtService(5)(6)$3I6,944$316,944$316,944$3I6,944$3I6,944ParityandSubordinateDebtServiceCoverage1.621.551.621.981.77BalanceAvailableforCapitalProjectsorOther$1,550,408$1,374,302$1,509,053$2,348,123$1,793,306PurposesNOTES(1)ExcludesinterestcomponentofDonnerLakeAssessmentandinterestonparitydebtservicereservefunds.(2)AppearsascontributedcapitalintheFinancialStatementoftheDistrict.(3)Historically,connectionfeeswererecognizedintheyearinwhichtheconnectiontotheWaterSystemwaseffectedratherthantheyearinwhichtheconnectionfeewasallocated.(4)Includesinterdepartmentalsales.(5)Debtservicepresentedonanaccrualbasis.(6)RepresentspaymentsonCapitalI.eases.TheDWRLoan,whichissecuredby,andhashistoricallybeenpaidentirelyfrom,theDonnerLakeAssessments,isexcludedformsubordinatedebtservice.