HomeMy WebLinkAboutMemorandum General funds transferTRUCKEE-DONNER PUBLIC UTILITY DISTRICT
POST OFFICE BOX 309
TRUCKEE, CALIFORNIA 95734
TELEPHONE SB7-3696
March 16, 1981
x9
I MEMORANDUM
To: Gene Holt, General Manager
From: Mary Chapman, Office Manager
Subject: General funds Transfer
I
Attached please find an up to date statement of General Funds transactions
relating to Public Time Deposits and Local Agency Investment Fund. Also
included Is a statement of Restricted Funds thru December 31, 1980.
Below I have listed the time deposits which have Board imposed restrictions
which could be released in order to come up with the necessary funds to
complete the substation. They are:
1. S 47,124.57 REA loan Proceeds
Tliis amount represents loan proceeds which were
received as reimbursement for electric capital improve-
ments to the system and paid for out of the General
hind. This amount was deposited to Restricted Funds
to be used for further capital improvements in the
electric department and is a self-imposed restriction.
2. .'27,567.48 Sierra Pacific Power Company Refund
it has been discussed that this amount would be kept
on deposit and used to help pay for the substation. It
too, is a self-imposed restriction.
3. 13,011.92 bonnet Lake Purchase - Deposit per loan agreement
Ihe actual amount of this fund is $39,468.92. The loan
balance is $26,457.00.
$187,703.97 Approximate total of funds available 1/1/81
112,296.03 Approximate amount needed from General Funds
$300,000.00
In order to earmark any of the above funds for the purpose of Electrical
Capital Improvements, the Board should formally release the restrictions as
of 1/1/81 and authorize the transfer. This will amount to a book, entry only,
as the funds are already restricted.
cc: Bookkeeping
TRUCKEE DONNER PUBlIC UTILITY DISTRICT
STATEMENT OF GENERAL FUNDS INVESTMENTS - Thru March 16, 1981 f
I
Balance Brought Forward: October 24, 1980 $425,032,67
Transfers to & from General Funds checking
account:
Surplus Funds $1,121,000.00
Transfers back to cover accounts payable (1,171,000.00)
Transfers to Restricted funds:
Water Dept retained earnings to FmHA
Revenue Fund ( 64,857.19)
Interest transferred to restricted funds ( 36,066.69)
Facilities fees to restricted funds ( 3,350.00)
West River Street Assessment District -
transfers to Redemption Fund ( 18,153.13)
Reserve for Future Water Meters ( 19,842.34)
Ending Balance - March 16, 1981 $232,763.32
The above fund balance is currently Invested as follows:
Public Time Deposit $ 43,151.28
Local Agency Investment Fund $189,612.04
I
TRUCKEE-DONNER PUBLIC UTILITY DISTRICT
STATEMENT OF RESTRICTED FUNDS - Thru December 31, 1980
Fund
No.
I
136.01
136.02
136.03
136.04
136 .05
'.36 .06
136. 10
136. 13
136. 14
I
136.IS
136.18
136.51
136.52
136.54
The above
fJe_5cri£tio_n
Dart - High services
settlement
Dart - Pipeline to Soma
Sierra tank
REA - Deposit per loan
agreement
SPPC - Donner Lake purchase
Deposit per loan agreement
Dart - $40 per lot - all
units
SPPC - Refund - Undisbursed
checks
REA - Loan proceeds
Facilities fees
Reserve for future meters
Truckee
Reserve for future meters
Tahoe Donner
SPPC Refund - 1//9
rinliA - Revenue I und
FniHA - Note Fund
FmllA - Reserve fund
WKSAU - Redemption Fund
Total
on Deposit
12/31/79
S 88,368.65
39,6.17.42
34,839,39
200,750.26
2,655.66
41,596.62
50,202.18
22,391.35
24,353.34
112,603.84
Principal
Additions
| Transfers
Interest
Additions
S 11,742.79
56,875.00 5,246.84
5,268.73
$617,408.7i
32,000.00
(1.69)
48,490.00
6,376.56
13,465.78
74,464.30
14,800.00
(14,800.00)
1 ,480.00
. 545.Oj
$233,694.96
4,629.53
29,629.38
353.08
5,527.')!,
9,190.18
2,991.92
14,963.64
1,497.62
148.33
74.93
5. fi 1
r94,525.72
4
Total
on Deposil
9/30/80
S100,111.441
62,121.84
44,916.1*
39,468.92
262,379.
3,007.05|
47,124.57
107,882.36
31,758.831
3,255.19 41,074.31
fund balance is currently invested as follows: Public line Deposit 'pos
Local Agency Investment
Fund
127,567.48]
75,961.92
148.3:
1,554.9:
55Q.6d
5-945.629.39
$816,848.72
$128,780.67