HomeMy WebLinkAbout6 Attachment 1 TDPUD 2021 Annual Disclosure Report District PipelineTRUCKEE DONNER PUBLIC UTILITY DISTRICT
CERTIFICATES OF PARTICIPATION
(WATER SYSTEM IMPROVEMENT PROJECTS)
SERIES 2015 - REFUNDED PORTION
ANNUAL REPORT 12/31/2021
CONTINUING DISCLOSURE CERTIFICATE: 4. Content of Annual Reports
(a) The audited financial statements were electronically forwarded to
Bank of New York on 05/11/2022.
(b) The principal amount of refunded Certificates outstanding was $10,655,000
as of December 31, 2021.
(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.
(h) "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.
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
Historic Water Production and Accounts
Total
Production Year Avg. Year Avg.
(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
1,487
1.85%
706
0.00%
12,218
0.80%
2018
1,579
6.19%
709
0.42%
12,317
0.81%
2019
1,503
-4.81%
710
0.14%
12,416
0.80%
2020
1,713
13.97%
748
5.35%
12,505
0.72%
2021
1,715
0.12%
765
2.27%
12,635
1.04%
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%
2021
13,155,186
11.37%
1,666,783
-1.47%
TRUCKEE DONNER PUBLIC UTILTIY DISTRICT
Largest Water Customers - Fiscal Year 2021
Customer
Water Usage (1)
Annual Payments
TAHOE MOUNTAIN CLUB (Two golf courses and recreation facilities)
181,093,855
$185,412
COYOTE MOON GOLF COURSE
75,902,066
64,058
TRUCKEE DONNER RECREATION AND PARK DISTRICT
27,695,348
60,172
TAHOE DONNER ASSOCIATION (one golf course, F&B, and recreation facilites)
23,388,533
129,886
TAHOE TRUCKEE UNIFIED SCHOOL DISTRICT
18,346,785
45,220
TAHOE FOREST HOSPITAL
15,330,385
49,793
VILLAGE BASECAMP, LLC (Coachland Mobile Home Park)
12,918,000
25,225
VILLAGE GREEN MOBILE HOME PARK
11,184,778
24,909
OREGON INVESTORS I (Truckee Pines)
7,790,826
37,160
DONNER MEMORIAL STATE PARKS & REC (campground and visitors center)
7,585,466
18,176
TOP TEN TOTAL
381,236,042
$640,011
TOTAL SYSTEM
1,470,052,177
$14,950,899
25.93%
4.28%
(1) Gallons
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
Historic Water Operating Results & Debt Service Coverage
Fiscal Year Ending December 31
Revenues
Sales to Customers
Standby Fees
Investment Income
Facilites Fees (2)
Connection Fees (2)(3)
Other (4)
Total Revenues
Operating & Maintenance Expenses (7)
Operations and Maintenance
Administration and General
Customer Services
Pension Expense - GASB 68
OPEB Expense
Total Operations & Maintenance Expenses
Net Revenues
Parity Debt Service (5)
2017 2018 2019 2020 2021
$ 11,801,888 $ 12,440,975 $ 12,789,947 $ 13,536,058 $ 14,950,899
133,440
123,280
118,320
114,800
106,680
84,678
113,664
201,306
117,113
40,042
338,461
539,946
840,685
814,776
865,892
144,722
245,393
169,920
167,517
314,442
405,521
306,260
299,159
355,999
361,831
$ 12,908,711
$ 13,769,518
$ 14,419,337
$ 15,106,262
$ 16,639,786
$ 4,835,623 $ 5,409,637 $ 5,779,099 $ 5,821,270 $ 5,789,587
2,231,453 2,489,625 2,884,293 3,036,681 3,145,900
640,793 762,962 888,927 740,606 800,994
907,844 - - - -
158,940 - - - -
$ 8,774,653 $ 8,662,224 $ 9,552,319 $ 9,598,556 $ 9,736,481
$ 4,134,058 $ 5,107,294 $ 4,867,018 $ 5,507,706 $ 6,903,305
2006 Installment Purchase Agreement
$
1,721,629
$
1,717,072
$
1,720,600
$
2,721,471
$
1,704,807
DWR Proposition 55 Loan
306,481
306,481
306,481
306,481
153,241
Interest on Parity Debt Service Reserve Funds
(4,301)
(7,436)
(9,287)
(4,166)
(1,044)
Total Parity Debt Service
$
2,023,808
$
2,016,117
$
2,017,794
$
3,023,786
$
1,857,004
Parity Debt Service Coverage
2.04
2.53
2.41
1.82
3.72
Net Revenues Remaining for Subordinate Debt
$
2,110,250
$
3,091,177
$
2,849,224
$
2,483,920
$
5,046,301
Service
Subordinate Debt Service (5)(6)
$
316,944
$
-
$
-
$
-
$
-
Water portion of Pension Obligation Bonds (8)
$
307,420
$
336,960
$
340,293
$
361,860
$
384,430
Parity and Subordinate Debt Service Coverage
1.56
2.17
2.06
1.63
3.08
Balance Available for Capital Projects or Other
$
1,485,886
$
2,754,217
$
2,508,931
$
2,122,060
$
4,661,871
Purposes
NOTES
(1) Excludes interest component of Donner Lake Assessment, interest on parity debt service reserve funds (a DS offset) and
unrealized gains/losses book -to -market adjustments (non -cash)
(2) Appears as component of 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.
(7) Excludes Depreciation Expense (non -cash)
(8) Water contribution towards Electric's Pension Obligation Sidefund debt service obligation