HomeMy WebLinkAbout15-3 Financial Review PrelimATTACHMENT 3
FACILITIES FEES ANNUAL STATUS REPORT 12/31/12 Prepared 1/25/1:
ELECTRIC FACILITIES FEES: 1.0.136.90
Summary 5 Years
2008
2009
2010
2011
2012
Ended 12/31/2012
Beginning Balance
$2,036,680.93
$1,798,480.33
$944,751.02
$510,148.77
$596,404.38
$2,036,680.93
Facilities fees collected during year
130,082.00
72,884.00
86,893.00
165,536.75
63,310.58
518,706.33
Interest earnings during period
80,284.53
33,428.99
6,828.85
2,846.86
2,255.91
125,645.14
Project expenditures during period
(448,567.13)
(960,042.30)
(528,324.10)
(82,128.00)
(46,830.00)
(2,065,891.53)
(See Attached List of Projects)
Ending Balance $1,798,480.33 $944,751.02 $510,148.77 $596,404.38 $615,140.87 $615,140.87 Total amount available -See NOTE
644,351.47 Less: Amount collected over last 5 years
($29,210.60) Amount greater than 5 years old -NONE
WATER FACILITIES FEES: 2.0.136.25
Summary 5 Years
2008 2009 2010 2011 2012 Ended 12/31/2012
Beginning Balance
$4,541,770.11
$2,652,408.66
$1,469,964.49
$879,220.49
$394,849.12
$4,541,770.11
Facilities fees collected during period
294,353.40
155,519.36
166,025.70
163,973.16
204,473.48
984,345.10
Interest earnings during period
193,706.24
56,317.76
10,451.49
4,527.79
2,183.38
267,186.66
Project expenditures during period
(2,022,292.22)
(1,037,687.95)
(411,414.28)
(146,353.32)
(165,214.00)
(3,782,961.77)
(See Attached List of Projects)
Loan Payments
Debt Payments- facilities fees share (355,128.87) (356,593.34) (355,806.91) (506,519.00) (309,105.00) (1,883,153.12)
Ending Balance $2,652,408.66 $1,469,964.49 $879,220.49 $394,849.12 $127,186.98 $127,186.98 Total amount available -See NOTE
1,251,531.76 Less: Amount collected over last 5 years
($1,124,344.78) Amount greater than 5 years old -NONE
NOTE: If "Total amount available" is greater than "Amount collected over the last 5 years", then the District has facilities fees on hand that are greater than 5 years old.
If the amount of facilities fees on hand is greater than 5 years old, the District would have to either refund the money to customers or the Board would have to issue
a finding that the money greater than 5 years old was being held to pay for a specific project. The spreadsheet shows that the District does not have any electric or
water facility fees on hand that are greater than 5 years old.