HomeMy WebLinkAbout6 attach 1 2020 Annual Report District PipelineTRUCKEE DONNER PUBLIC UTILITY DISTRICT
CERTIFICATES OF PARTICIPATION
(WATER SYSTEM IMPROVEMENT PROJECTS)
SERIES 2015 - REFUNDED PORTION
ANNUAL REPORT 12/31/2020
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CONTINUING DISCLOSURE CERTIFICATE: 4. Content of Annual Reports
(a)The audited financial statements were electronically forwarded to
Bank of New York on 07/13/2021.
(b)The principal amount of refunded Certificates outstanding was $11,260,000
as of December 31, 2020.
(c)The Reserve is no longer required due to the 2015 refunding.
(d)Updated tables from "THE WATER SYSTEM OF THE DISTRICT"
IN THE Official Statement are attached:
(i)"TRUCKEE DONNER PUBLIC UTILITY DISTRICT -
Historic Water Production and Accounts" on page 30
in the 2015 Refunding of the Official Statement.
(ii)"TRUCKEE DONNER PUBLIC UTILITY DISTRICT -
Historic Sales Revenue" on page 30
in the 2015 Refunding of the Official Statement.
(iii)"TRUCKEE DONNER PUBLIC UTILITY DISTRICT -
Largest Customers" on page 32
in the 2015 Refunding of the Official Statement.
(iv)"TRUCKEE DONNER PUBLIC UTILITY DISTRICT -
Historic Operating Results of Debt Service Coverage" on page 42
in the 2015 Refunding of the Official Statement.
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TRUCKEE DONNER PUBLIC UTILITY DISTRICT
Historic Water Production and Accounts
Total
Production
(Million % Increase/ Commercial % Increase/ Residential % Increase/
Year Gallons)(Decrease)Accounts (Decrease)Accounts (Decrease)
2001 1,736 481 8,130
2002 2,198 26.61%548 13.93%10,268 26.30%
2003 2,208 0.45%563 2.74%10,491 2.17%
2004 2,424 9.78%582 3.37%10,739 2.36%
2005 2,206 -8.99%605 3.95%11,146 3.79%
2006 2,371 7.48%646 6.78%11,436 2.60%
2007 2,433 2.61%641 -0.77%11,801 3.19%
2008 2,304 -5.30%656 2.34%11,843 0.36%
2009 2,056 -10.76%670 2.13%11,900 0.48%
2010 1,786 -13.13%695 3.73%11,876 -0.20%
2011 1,727 -3.31%709 2.01%11,711 -1.39%
2012 1,857 7.53%706 -0.42%11,753 0.36%
2013 1,846 -0.58%706 0.00%11,809 0.48%
2014 1,682 -8.88%699 -0.99%11,915 0.90%
2015 1,381 -17.90%704 0.72%12,012 0.81%
2016 1,460 5.72%706 0.28%12,121 0.91%
2017 1,471 0.75%706 0.00%12,218 0.80%
2018 1,501 2.04%709 0.42%12,317 0.81%
2019 1,300 -13.40%710 0.14%12,416 0.80%
2020 1,484 14.20%748 5.35%12,505 0.72%
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TRUCKEE DONNER PUBLIC UTILTIY DISTRICT
Historic Water Sales Revenues
% Increase/% Increase/
Year Residential (Decrease)Commercial (Decrease)
2001 $3,944,222 $476,195
2002 5,013,242 27.10%647,822 36.04%
2003 5,768,092 15.06%678,423 4.72%
2004 6,254,756 8.44%825,109 21.62%
2005 6,609,311 5.67%844,812 2.39%
2006 7,160,485 8.34%991,941 17.42%
2007 7,875,829 9.99%1,165,511 17.50%
2008 8,459,823 7.42%1,179,157 1.17%
2009 8,577,396 1.39%1,137,447 -3.54%
2010 8,973,220 4.61%1,184,084 4.10%
2011 8,731,670 -2.69%1,227,533 3.67%
2012 8,492,037 -2.74%1,374,376 11.96%
2013 8,508,607 0.20%1,338,298 -2.63%
2014 8,742,143 2.74%1,328,800 -0.71%
2015 9,014,695 3.12%1,230,259 -7.42%
2016 9,783,533 8.53%1,407,446 14.40%
2017 10,383,019 6.13%1,464,514 4.05%
2018 10,819,427 4.20%1,558,775 6.44%
2019 11,190,154 3.43%1,577,004 1.17%
2020 11,812,092 5.56%1,691,596 7.27%
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TRUCKEE DONNER PUBLIC UTILTIY DISTRICT
Largest Water Customers - Fiscal Year 2020
Customer Water Usage (1)Annual Payments
TAHOE MOUNTAIN CLUB (Old Greenwood & Gray's Grossing Golf Courses)160,575,344 $167,340
COYOTE MOON GOLF COURSE 71,670,677 60,626
TRUCKEE DONNER RECREATION AND PARK DISTRICT 30,097,324 78,262
TAHOE TRUCKEE UNIFIED SCHOOL DISTRICT 19,885,813 56,405
TAHOE DONNER ASSOCIATION 19,603,507 116,229
VILLAGE BASECAMP, LLC (Coachland Mobile Home Park)13,205,000 32,145
TAHOE FOREST HOSPITAL 13,008,257 53,491
VILLAGE GREEN MOBILE HOME PARK 12,784,712 33,269
DONNER CREEK MOBILE HOME PARK 8,145,157 17,484
OREGON INVESTORS (Truckee Pines)7,017,968 37,771
TOP TEN TOTAL 355,993,759 $653,022
TOTAL SYSTEM 1,484,390,195 $12,789,947.00
23.98%5.11%
(1) Gallons
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TRUCKEE DONNER PUBLIC UTILITY DISTRICT
Historic Water Operating Results & Debt Service Coverage
Fiscal Year Ending December 31
2016 2017 2018 2019 2020
Revenues
Sales to Customers 11,312,973$11,801,888$12,440,975$12,789,947$13,536,058$
Standby Fees 138,480 133,440 123,280 118,320 114,800
Investment Income (1)70,573 84,678 113,664 201,306 117,113
Facilites Fees (2)595,761 338,461 539,946 840,685 814,776
Connection Fees (2)(3)180,226 144,722 245,393 169,920 167,517
Other (4)610,697 405,521 306,260 299,159 355,999
Total Revenues 12,908,710$12,908,711$13,769,518$14,419,337$15,106,262$
Operating & Maintenance Expenses
Operations and Maintenance 4,484,787$4,835,623$5,409,637$5,779,099$5,821,270$
Administration and General 2,254,537 2,231,453 2,489,625 2,884,293 3,036,681
Customer Services 656,181 640,793 762,962 888,927 740,606
Pension Expense - GASB 68 488,236 907,844 0 0 0
OPEB Expense 287,687 158,940 0 0 0
Total Operations & Maintenance Expenses 8,171,428$8,774,653$8,662,224$9,552,319$9,598,556$
Net Revenues 4,737,282$4,134,058$5,107,294$4,867,018$5,507,706$
Parity Debt Service (5)
2006 Installment Purchase Agreement 1,768,638$1,721,629$1,717,072$1,720,600$1,721,471$
DWR Proposition 55 Loan 306,481 306,481 306,481 306,481 306,481
Interest on Parity Debt Service Reserve Funds (2,904)(4,301)(7,436)(9,287)(4,166)$
Total Parity Debt Service 2,072,215$2,023,808$2,016,117$2,017,794$2,023,786$
Parity Debt Service Coverage 2.29 2.04 2.53 2.41 2.72
Net Revenues Remaining for Subordinate Debt 2,665,067$2,110,250$3,091,177$2,849,224$3,483,920$
Service
Subordinate Debt Service (5)(6)316,944$316,944$-$-$-$
Parity and Subordinate Debt Service Coverage 1.98 1.77 2.53 2.41 2.72
Balance Available for Capital Projects or Other 2,348,123$1,793,306$3,091,177$2,849,224$3,483,920$
Purposes
NOTES
(1) Excludes interest component of Donner Lake Assessment and interest on parity debt service reserve funds.
(2) Appears as contributed capital in the Financial Statement of the District.
(3) Historically, connection fees were recognized in the year in which the connection to the Water System was
effected rather than the year in which the connection fee was allocated.
(4) Includes interdepartmental sales.
(5) Debt service presented on an accrual basis.
(6) Represents payments on Capital Leases. The DWR Loan, which is secured by , and has historically been paid
entirely from, the Donner Lake Assessments, is excluded form subordinate debt service.
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