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Home My WebLink AboutPower Point Financing Corp - Annual Report and Financials Financing Corporation ACTION ITEM # 4 July 15, 2020 Annual ReportsFinancing CorporationAnnual Reports •BACKGROUND / HISTORYBACKGROUND / HISTORY Financing Corporation Annual ReportsFinancing Corporation Annual Reports Report and Audited Financial StatementsThe Financing Corporation Board reviews and approves the Annual •on behalf of the DistrictLegal entity created to issue and administer Certificates of Participation •Truckee Donner Public Utility District Financing Corporation •NEW INFORMATIONNEW INFORMATION Financing Corporation Annual ReportsFinancing Corporation Annual Reports Primary Government•Consolidated•TDPUD Audited Financial Statements•refunded Series 2015 Certificate of Participation (2015 COP)Newly Water Utility•requirements for bonds held by the District2019 Annual Disclosure Report satisfies annual continuing disclosure •NEW INFORMATIONNEW INFORMATION Financing Corporation Annual ReportsFinancing Corporation Annual Reports debt service coverage was 2.41 (1.25 required)2019 •5 years of historical debt coverage calculations•Golf courses, mobile home parks, TDA, TDRPD,TTUSD and TFH•10 largest customers (usage is 25% of total usage)•: $12.7 million2019•19 years of historical revenues•: 1.3 billion gallons and 13,564 customers2019•19 years of historical production and customers•Annual report for the 2015 COP •FISCAL IMPACTFISCAL IMPACT Financing Corporation Annual ReportsFinancing Corporation Annual Reports There is no direct fiscal impact associated with this item •RECOMMENDATIONRECOMMENDATION Financing Corporation Annual ReportsFinancing Corporation Annual Reports StatementsAccept the 2019 Annual Report and Audited Financial