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Home My WebLink About2002-07-17 Agenda Truckee Donner Public Utility District Board of Directors Joseph R.Aguera J.Ronald Hemig Business Office (530) 587-3896 FAX (530) 587-5056 James A.Maass Patricia S.Sutton 4 Nelson Van Gundy General Manager Peter L.Holzmeister TDPUD Financing Corporation Annual Meeting Wednesday, July 17, 2002 (immediately after the conclusion of the regularly scheduled Board meeting) TDPUD Board Room AGENDA 1. Call to order 2. Roll call 3. Public input-This is time set aside for the public to address the Board on any matter not on the agenda. Testimony related to any agendized matter should be addressed at the time that item is considered. 4. Approval of the minutes of the prior meeting 5. Election of new officers 6. Annual report 7. Other business 8. Adjournment The agenda is available for review at the TDPUD office and the Truckee branch of the Nevada County Library Posted and mailed on July 12, 2002 1 Peter L. Holzmeist ,r, District Clerk ® Road Truckee California 96160 Post Office Box 309 11570 Donner Pass , TDPUD FINANCING CORPORATION Annual Meeting July 18, 2001 The annual meeting of the Board of Directors of the Truckee Donner Public Utility District Financing Corporation was called to order at 8:41 PM by President James Maass. ROLL CALL: Directors Joe Aguera, Ron Hemig, James Maass, Patricia Sutton and Nelson VanGundy were present. OTHERS PRESENT: Mary Chapman, Susan Craig, Alan Harry, Peter Holzmeister, Ed Taylor, Steve Gross, Steve Hollabaugh. PUBLIC INPUT: There was no public input. APPROVAL OF PRIOR MEETING MINUTES Director Hemig moved, and Director Van Gundy seconded, that the Board approve the minutes of the December 20, 2000 meeting. All Directors, aye, by voice vote. SO MOVED. ANNUAL REPORT Mary Chapman provided copies of the Water Operations Annual Report, summary of historical operating results and debt service coverage for the years ending December 31, 1997 through 2000 and the summary statement of projected operating results and debt service coverage for the years ending December 31, 2001 through 2004. Also provided was a report on the total production for water system customers and usage, sales and revenues for the five largest water system customers. Copies of these reports are attached. OTHER BUSINESS There was no other business. ADJOURNMENT There being no further business before the Board, the meeting was adjourned at 8:43 PM. smc OrTCM416 ANNUAL REPORT TRUCKEE DONNER PUBLIC UTILITY DISTRICT Water Operations Summary Statement of Historical Operating Results and Debt Service Coverage Years Ending December 31, 1998 through 2001 1998 1999 2000 2001 Revenues $4,002,114 $4,064,373 $4,542,516 $5,685,247 Maintenance and Operation Costs $2,286,850 $2,439,951 $2,890,761 $3,736,379 Net Revenues $1,715,264 $1,624,420 $1,651,755 $1,948,868 Debt Service (3) $1,094,844 $1098,158 $1,107A47 $I,121,193 Debt Service Coverage 157% 148% 149% 174"% TRUCKEE DONNER PUBLIC UTILITY DISTRICT Water Operations Summary Statement of Projected Operating Results and Debt Service Coverage Years Ending December 31,2002 through 2005 2002 2003 2004 2005 Revenues (1) $5,888,838 $6,006,615 $6,126,747 $6,249.282 Maintenance and Operation Costs (2) $4,342,694 $4,472,975 $4,607,164 $4,745379 Net Revenues $1,546,144 $1,533,640 $1,519,583 $1,503,903 Debt Service (3) $1,110,736 $1,110773 $1,110,023 $1,108,489 Debt Service Coverage 139% 138% 137% 136% (1) 2002 budget plus 2% annual increase thereafter (2) 2002 budget plus 3% annual increase thereafter (3) Includes the Series 1996 installment payments and Proposition 55 State loan repayments. TRUCKEE DONNER PUBLIC UTILITY DISTRICT Water System Customers Total Production Commercial Residential Year (Million Gallons) Accounts Accounts 1997 1,288 430 6,560 1998 1,280 439 6,784 1999 1,479 496 7,020 2000 1,672 500 7,186 2001 1,736 527 8,798 The five largest water system customers in the District for the 12-month billing period ended December 31,2001 are set forth below. The five largest users in the District accounted for 4.61%of the Water System's gross revenues for 2001. The total amount of water sales in 2001 was $4,457,359.59. TRUCKEE DONNER PUBLIC UTILITY DISTRICT Five Largest Water System Customers as of 12/31/01 % of Total Customer/Account Total Usage/Gallons Total Sales Water Revenues Tahoe Dormer Association 60,602,023 $ 99,290.60 2.23% Coyote Moon Golf Course 84,424,220 $ 34,047.39 0.76% Tahoe Truckee Unified School District 23,520.900 $ 25,676.45 0.58% Coachland Mobile Home Park 20,426,778 $ 25,425.14 0.57% Tahoe Forest Hospital 11,739,156 $ 21,106.44 0.47% Rates and Charges The District currently recovers the cost of the Water System operation, maintenance and replacement and capital expansion through a user fee system. The components of the user fees currently imposed by the District are: 1. Water sales (charges which are divided into rates for residential and commercial property). 2. Stand-by water availability charges. 3. Connection charges and facilities fees. 4. Miscellaneous fees and charges.