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Action Item # 4 July 16, 2014 Annual ReportsFinancing Corporation
Financing Corporation 2 annual reportsThe Financing Corporation Board reviews and approves the •Participation on behalf of the DistrictLegal entity created to issue and administer Certificates
of •Truckee Donner Public Utility District Financing Corporation•Background / History Annual Reports
Financing Corporation 3 TDPUD Audited Financial Statements•2006 Certificate of Participation (Water)•2003 Certificates of Participation (Electric) •2013 annual reports •New Information
Annual Reports
New Information Annual ReportsFinancing Corporation 4 In 2013 debt service coverage was 1.29 (1.20 required)–5 years of historical debt service coverage calculations–TDPUD, TTSA, TFHD,
TTUSD & Safeway –5 largest customers–In 2013: 11,787 customers, 147 million kWh, $22 million revenue–5 years of historical customers, kWh, and revenue–Connection and facilities fees:
no change since 2008–5 years of historical rates: no change since 2009–Report for the 2003 Certificates of Participation (final report)•
New Information Annual ReportsFinancing Corporation 5 In 2013 debt service coverage was 1.62 (1.25 required)–5 years of historical debt service coverage calculations–Town of TruckeeGolf
courses, mobile home parks, TDA, TDRPD, TTUSD, and –10 largest customers (usage is 21% of total system)–In 2013: $9.8 million–12 years of historical revenues–In 2013: 1.8 billion gallons
and 12,515 customers–12 years of historical production and customers–Report for the 2006 Certificates of Participation•
Fiscal Impact Financing Corporation 6 There is no direct fiscal impact associated with this item•
Recommendation Annual ReportsFinancing Corporation 7 Accept the 2013 annual reports and financial statements•