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HomeMy WebLinkAboutStaff Report 9 0 ! TRUCKEE DONNER PUBLIC UTILITY DISTRICT Bills For Board Approval - May 2, 1994 TOTAL ELECTRIC; WATER DESCRIPTION -----_..---------------- ----------..-------------------------- Arthur Andersen & Co. 18,000.00 9,000.00 9,000.00 Accounting services for 1993 audit IVIc Donough, Holland &Allen 6,985.16 4,889.61 2,095,55 Legal services, personnel matters through 4111/94 Porter Simon Law Offices 11,946.97 6,110.17 5,836.80 General representation (8,507.1 2),Postage,copies exp(121,69) Prop 55 (560.00), Sugar Fine Estates(42.00). Tahoe Donner Pipeline Replacement(70.16), Downtown Pipeline Replacement(210..00) Kentucky Fried Chicken (28.00), Gateway Water Tank(2,408.00) R, W. Beck & Associates 1,131.37 1,131.37 Consulting services Martis Substation Feeder#3 Sargent Drilling Inc 3,270.00 3,270.00 Prop 55 geologic test holes Sierra Nevada Civil Engineers 350.00 350.00 Revision of legal description for Cheyney property Sirnon Hydro-Search Inc 14,083.67 14,083.67 Profession Services 2l27194-4l2194 Water supply development ,Spiegel & Pic Diarmid 50.60 50.60 Professional services, review SiP letter Wayne Richardson Company 2,145.00 1,501,50 643.50 Actuarial &consulting services rendered for TDPUD defined benefit � pension plan ----- --------------------------------------__--- I --57,962.77M� - 23,033.25 34,929.52 i is TO: Board.'<of Directors FRC?lVl Mary hapn an, Administrative Services `Manager Y.... SUBJECT: Final financial reports for 1993 DATE: April2811994 ... # Attached are copies of the final financial reports for 1993 including: 1) the Statement of General Fund; 2) the Investment Report; 3) the Financial Statement; and, 4) the Budget Summary. Unfortunately, I will not be at the May 2nd meeting to answer any questions. However, since the reports for the first quarter of 1994 will be ready shortly, I will plan on doing a brief review at the next meeting and answering any questions that the Board may have at that time. TRUCKEE DONNER PUBLIC UTILITY DISTRICT STATEMENT OF GENERAL FUND December 31, 1993 History of Activity For Month Balance in General Fund 11/30/93 281,732.82 --------------- Receipts: Electric Revenue 611,363.57 Water Revenue 205,796.09 Standby Electric 23,470.20 Standby Water 165,795.26 Misc. Billing Revenue- Electric 8,584.08 Misc. Billing Revenue-Water 1,976.73 Consumer Deposits- Electric 17,473.41 Consumer Deposits-Water 3,185.00 Customer Advances-Connection Fee- Electric 6,950.00 Customer Advances-Facilities Fee-Electric 3,200.00 Customer Advances-other Electric 1,050.00 Customer Advances-Connection Fee-Water 3,600.00 Misc. Revenue- Electric 542.36 Misc. Revenue-Water 2,666,63 DWR Prop 55 372,726.31 Annual Transfer Water Building Fund M094-5 63,585.00 Unrestricted Meter Fees for 87 meters 13,500.00 Unrestricted Prepaid Connection Fee MWE-PR 1,800.00 Unrestricted Acquisition Funds 35,740.57 Refund Facilities Fees-Tri-X Investments 17,749.00 Total Receipts 1,560,754.21 Disbursements: Accounts Payable Disbursements 848,208.32 Trans.To Electric Restricted Funds-Facilities Fee 14,042.40 Trans.To Water Restricted Funds-Facilities Fee 2,331.50 Total Disbursements 964,582.22 Balance in General Fund 12./31193 877,904.81 Distribution of Non-Restricted Funds At Month-End: Petty Cash/Customer Services Operating Funds 600.00 Truckee River Bank General Fund (44,242.85) LAIF General Fund(Not Restricted) 921,547.66 877,904,81 Public Utility i A Truckee Donner hoard of Directors Joseph R.Aguera John L.Corbett Business Office Engineering Services Robert A.Jones James A.Maass (916) 587-3896 (916) 587-3944 FAX (916) 587-505: Patricia S.Sutton General Manager April 15, 1994 Deter L. Holzmeister MEMORANDUM TO. Peter L. Hoizmeister, General Manager FROM: Mary Chapman,Office Manager `��� �_ SUBJECT: Investment Report As of December 31, 1993, the District had the following investment comprised of the tends as detailed. Investments: Yield Amount Local Agency investment Fund 4.384% 6,406,478,53 Electric Funds: RFI;Reserve* 109:000t 00 General Fund 921,547.66 Facilities Fees-Pre AB1600 445,071.20 Facilities Fees-Post AB1600 * 17.001.28 Storm Carnage Fund* 195,217.92 Building Fund " 868,791.83 ------------------------------ Total Electric investments 2,466,629.89 Water Funds: Facilities Fees-Pre AB1600 606,420.59 Facilities Fees-Post AB1600* 205.556.31 Building Fund* 698,836,16 Reserve For Future Meters* 728,277.67 Tahoe Conner Water System Fund* 254,116.32 West River St.Assessment District Bond Redemption Fund* 17,338.69 Prepaid Connection Fees* 66,479.32 Telemetry Reserve* 53,921.66 TSA(SAD Il Improvement) 38,980.96 Acquisition Fund' 1,267,920.96 -Total Water investments 3,939,848,64 Total District Investments 6,406,478.53 Restricted For Specific Use Per Board Resolutions Post Office Box 309 11570 Donrfer Pass Road Truckee, California 96160 + * ^ WEE DDNNER y.8.U. + * a ELECTRIC BALANCE SNEET For Period Emdinn UEC[MBER 31, 19�3 Current Last Ycar � Y-T-D Amount Y-T-0 Amount ASSETS ' ______ UTILITY PLANT 9,231,736.53 0,504,478.84 REST8lCTEU FUNDS ADNlNISTRATIVE BUILDING LEASE FUN85 270,421.56 283,156.20 RiPL8YEE O[FERRE8 CUMPENSATION-ICMA 487,107.94 356160.72 REA RESERVE FUND 1Y400.O0 1P oil OO FACILITIES FEES 462,072.48 902,178.24 747 186 92 195 217 45 STORM �U�O ' ' ' ' 868,79103 822 524 BUlLDlNG FUNQ97` . TOTAL KEG1RlCT0 F8ND8 2.302.611.73 2,570'167.58 ` CUR8ENT ASSETS 877,904.8i 1 408'404 GENERAL FUNDS ' '02 ACCOUNTS KEC[IVABLE. NET 11145,777.13 1'096'310.70 141 O64 83 438 77 246 ` DUE FROM WATE� , . , . HATERIALG AND SUPPLIES 3/4,621.65 289,428.07 INTEREST INCOME RECEIVABLE 21497.30 32,91177 YR[PAlD EXPENSES AND OTHER 59.17164 57'881.54 `~~ 2 619 644 36 O 323 181 87 TVTAL CURR�NT �SSETS , , . . , . � UNAMORTIZED ISSUE COSTS 463'458.84 149,106.00 PRELIMINARY SURVEY COSTS AND OTHER 2.190.D6 20126 ` HISC 0[FRRE8 0EDITS 28,8O6.45 ______ 14 648 448 77 14 549 124 5� ^� TOTAL ASSETS , , . , . . ' ^^ � ' � L 1 F.- .;'i ,.;; T fear. RETAINED EARNINGS EST 3 n- nor= OFFICE CURRENT LIABILITIES T'.'ts i. v91: ( i? 4.r �;vP:1 y,3sv e e_F i xe3b?5,2'�$ vCal CONSU�tTp� P DEPOSITS pe4 x 'i':x INTEREST Gy� am P.I z. ra�'.7 g;an^RUE r: ��•;: fib_7ti % TPiV r -.:: s 39 TOTAL CURRENT UP.0-1-TIES 1,630,?812-3 nNST IC ice£?m 267,8772,79 557,553,11 _ sr,-; 1O1OMPP � TNU, E O§N#EB P.U.U. a * * EL[CTRIC 1NCOME �ATEMENT For Period Endiny OECEMBER 31. 1993 Current Layt Yea, Amuot ` UP[RA7ING REVENUE 3 795 2O3 12 3 426 797 91 RESlD[NTlAL ' ' ^ ' ' ' 2 841 899 86 2 683 982 16 COMMENCIAL , , . ^ , . 6� Q� 28 611 7� 94 LARGE COMMERCIAL , . . . �,Ai ES TU PUBLIC AUTH0R YE3 78,292.0O 8�.732.4l ID �1 � �9 �6 � ' FUEL CHARGE ' ' ' ' lNURDEPARTMENTAI 4-69.192.61 --------------- _--____-_-_- 8 1R2 257 46 7 531 @01 21 HISC OPERATING REVENUE 120,626.62 1�1,672.4Y MlM[LLANEOUS KNITS 57,397.74 51,656.67 47 O94 3O 46M5,00 STANDBY REVENUE , . INTEkDEPARTHENTek RENT 128,148.00 118,836.0A ________ T0T�. UPERAmG REUENDE 8'535'524.12 7,860,491.37 OPERATING EXPENSES 5 77� .9O9 27 5 446 O63 S7 PURCHASE0 P0UER , . ' ' . UIS7RI��I8N OPERATIONS 73B,23O.J1 645,589.15 DIST@IBUTlUN MAINTENANCE 1O9,918.29 102,222.27 A%CUUNTJNG & ]NFO��l�DN 347,836.26 347,403.32 �~ AOMINIGTRATION & GENERAL 1,083,226.72 898,959.48 351 O2O.28 24O,81O 0�PR�C�ATION , .20 O0 � OTHER O9ERATIN6 EXPENS[S . .0O ------------- _______-' ' TOTAL OPENATlMG EXPENSES 8.4O2.141.18 7,781,O47.79 `i NET OPERATING KEVENUE 133,382.99 79,443.58 � OTHER HEVFNUE 01PfNSE) � l� 3� � INTEREST INCOME , L0SS ON 0]SDGITIDN OF PROPEM' .0O 19,D75.87CR DTMEQ MON-DPENATING EX4 �S INTEREST [XPEN3[ 250'06O.64CR 241'579.15CR NET REVENUE (iOSS) 225,493.75CR 19.268.O3 ` -' « � TRUCKEE DONNER P.U.D. * + * WATER 8AL4#CE SHEET For Period Endiny 8EC[MBER D1. 1YY3 Cxrremt Lost Year Y-T-8 Amount Y`T-D Amount ASSETG ______ 1O366 241 66 8,733'578.�3 UTILITY PLANT . . . , RESTRICTED FUNDS QATED SYSTEM lMPROV[MEN? PROJECT ' 215,355,60 33 Y86.87 CERTIFICATE PAXNENY FWD ' 1 267 923 96 1'728,6Q4.@1 ACQUlS[T0N FUND , . ' 828 Y91 O8 1 174 48� 6� RESERVE FUND/CAP INT FUND ' . , . . 813 976 9O 846'268.30 FAC[LITIES FEES . ' T0X SAD Il IMPROVEMENT ACCT 38,9OO.so, 37084.Y1 WEST RIVER STREET ASSESSMENT D]8T 17.338.69 16302.12 BUILOl#G FUME / . 698 886 16 729,310.45 RESERVE FOR FUTURE METERS /28177.67 709'267.96 TAHOE 8UNHER WATER SYSTEM FUND 254'116.32 218'118.22 PREPA18 CONNECTION FEES 65,21O.692S ' . 53 921.&6 51.52O.87 TELEMETRY _____._____ _________ `~ 43810132 5 602 463.09 ]DTAL @EST�ICTED FUNDS . . RKNT ASSETS 8 O0 . V 8ENE�L FUNDS . " 422,�55.41 520.196.48 ACCOUNTS RECEIVABLE, NET ` 141 O64 83CR 438,246.77CR 8U[ TO ELECTRIC , . 115 257 95 1O5,O6O.96 MATERIALS AND SUPPLIES , . �7 INTEREST lN 455O7 O2 COM2 RECEIVABLE , . 6737165 .65 AO,0Y2.54 YREPAiU [%PENSES 4110164 �`. �------------ 483 245 19 294.879.86 TOTAL CURRENT ASSETS , . . .73 69Y 73 PRELIMINARY SURVEY COSTS AND OTHER 699 433,904,92 457'38O.99 ` UWAMOVTIZ[Q lSSU[ COSTS __ ________ _____-__ � 16 268 Z86.82 15,O89,002.60 ��` TOTAL ASSETG ' . .� ^ � ' _ UATER 9ALANCE SHEET ------------- RETAINED EARNINGS DEBT ...,£i..is >«'P N:i#1 Zi FPROV ROjEmis: LEASE £."°eP 3-IiU 5:3 W 1,352,524,06 LEASE/PURCHASE EQUI FEM T 43 17 _35 07090 T TAL BEST 11,6 6,9?2tK Ili 085£.°%27 CURRENT CONSUMERx'�- as ACCRUEu !NTERE . PAYABLE 9432 10 86&C 40 ACCRUED u(]`MENSATI€IN & RELATED. COUNTS WAV 37 39F W, TOsAi. CURRENT LIABILITIES 22 le-ioNSTRUCTION ADVANCES 333,924,05 406,253,75 T TAB EQUITY AND LIABILITIES 16 a68 a86 12 H A09 Not 60 * * * TRUCK-FE U0NNER P.U.O. WATER �NCOME ��T�MENT ' For Period EndinG B[CEN@�R 31, 1993 Cur, t Lwst Year Y'T-U Amomt Y-T-0 A n1 OER�ING ��N� 2 O89 428 71 1,7V9.329.52 RESlU[NTIAL ' . . 298 �O1 38 362,BO6.40 COMMERCIAL . . 719 16 65B.28 ` INTERDEPAkTMENTAL . 2 3O9 O49 25 2,072,794.2O TU7Ai WA7EN SALES , ' . 62 03V 4O 57,925.87 HYDRANTS . . 25 358 54 2A 543.73 HIGC OYERATIN@ REVENUE . ' , 727 46 982.4O ' MISCELLANEOUS RENTS ' 3S 1 754 15 329,202.5O STANDBY REVENUE ' ' -_-______- TDTAL 0PEPAJlN0 REVENUE 2,728.919.8O 2'485,448.7O QPERATING EXPFNSES PQMPINS - POWER PURCHASEQ 490.221.75 476,05O.28 527 098 28 443'6O4.1O OlSTRl8UTION 0P[RA7I0NS , . 2�8 �72 O3 3/5 762.Y4 DISTRIRUTI0N MAINT�NANC� , . ' CUSl0NER ACCDUNT7NG & INF0KMATION 1A0,122.83 97,�81.38 434,3177J8 391,274.13 ADMIN6TRATION & 8ENEHAL fNTERQEPARTMEN7AL RENT 128,148.O0 �1B'83&.00 810 50O �6 299'737.96 DEFKEClA7ION , . ________ ________ . TOlAL 8PERAT3MG EXP[NSE 2,238,541.63 2,2O2.816.79 37B �7 2R2 631.Y1 � NET OP2RATING REVENUE 490, . , � ' OTHER RDVf�T <EXPENS[) 253 944 59 394.3�2.25 INT�REGT INCOME ' . MI�CELLAN[OUS N0N-8P[KAT}#G ]NCDME 3,000.V0CR 16,2OO.OV �� 88 9 913 35CR L0SG 0N OISpOSITION 0F P8OPERlY . M{SCELLAN[0US lWCOME D[DUCTIONS 39,017.8CR flu 67 5OO OOCK 0THEK NON-ORERA7I0G EXPENSES / . . , 762 O5Y 2%CR 757.7O1.89CR IHl�R�ST EXPENSE ' ' FyTHAURU�NARY INCOME .00 5,576.24 ____-__ ` 127 68,854.84CR .' OCT REVENUE ,253 YOC� (LOSS) . ` � ` ' / , ` �� TRUCKEE DONNER PUBLIC UTILITY DISTRICT: 1993 OPERATING BUDGET REPORT 1193-12193 100% ELECTRIC: WATER: TOTAL: REVENUES: Budget Actual Budget Bat % Budget Actual Budget Bat % Budget Actual Budget Bal % - - -- ------------ - ---------- -- - - --- - - - ----------------------- _-------------------_------------------------------------------------------------------------------ Resldentialsales 3,444,863 3,795,203 (350,340) 110% 1,828,2€0 2,009,429 (181.229) 110% 5,273,063 5,804,632 (531,569) 110% Commercial sales 2,670,736 2,841,900 (171,164) 106% 399,600 298,901 100,699 75% 3,070,336 3,140,801 (70,465) 102% Large commercial sales 613,721 623,838 (10,117) 102% 0 0 0 0% 613,721 623,838 (10,117) 102% Sales to public authorities 92,865 78,292 4,573 94% 0 0 0 0% 82,865 78,292 4,573 94% Fuel charge 266,340 373,832 (107,492) 140% 0 0 0 0% 266,340 373,832 (107,492) 140% interdepartmental sales 471,100 469,193 1,907 100% 810 719 91 89% 471,910 469,912 1,998 100% Misc operating revenue 107,215 120,627 (13,412) 113% 10X0 21,041 (11,041) 210% 117,215 141,667 (24,452) 121% Mlsc rents 46,199 57,398 (11,199) 124% 10,000 727 9,273 7% 56,199 58,125 (1,926) 103% Standby revenue 31,880 47,094 (15,214) 148% 338,000 331,754 6,246 98% 369,880 378,848 (8,968) 102% Interdepartmental rent 128,144 128,148 (4) 100% 0 0 0 0% 128,144 128,148 (4) 100% Fire protection fees 0 0 0 0% 61,000 66,348 (5,348) 109% - 61,000 -----66,-348 - - (5'348) 109% - Total Operating Revenue 7,863,063 8,535,524 (672,461) 109% 2,647,610 2,728,920 -T (81,310) 103% 10,510,673 11,264,444 (753,771) 107% Capitalized interest Income 0 0 0 0% 413,015 473,927 (60,912) 115% 413,015 473,927 (60,912) 115% interest income 96,341 57,402 38,939 60% 2,500 1,622 878 65% 98,841 59,024 39,817 60% --------- ------------------------------------------------------------------------------------------------------------------------------------------------------------------.----------------_---------------___- - Total Revenue 7,959,404 8,592,926 (633,522) 108% 3,063,125 3,204,469 (141,344) 105% 11,022,529 11,797,395 (774,866) 107% TRUCKEE DONNER PUBLIC UTILITY DISTRICT: 1993 OPERATING BUDGET SUMMARY 1193-12193 100% ELECTRIC: WATER: TOTAL: Budget Actual Budget Bal % Budget Actual Budget Bal % Budget Actual Budget Bal % - - ---- -_-w- - - ---------------_---------------...------------- ---------------------------------------------------------.-------------------------------------_------------------------------------I------------- - Revenues 7,959,404 8,692,926 (633,522) 108% 3,063,125 3,204,469 (141,344) 105% 11,022,529 11,797,395 (774,866) 107% Less Expenses: Board of Directors 95,090 168,885 (73,795) 178% 31,460 67,431 (35.971) 214% 126,550 236,316 (109,766) 187% General Manager 172,391 180,459 (8,068) 105% 64,220 57,888 6,332 90% 236,611 238,347 (1,736) 101% Administrative Services 545,895 528,144 17,751 97% 299,701 252,179 47,522 84% 845,596 780,322 65,274 92% Planning Services 177,003 183,564 (6,561) 104% 75,857 82,606 (6,749) 109% 252,860 266,170 (13,310) 105% Technical Services 352,621 369,545 (16,924) 105% 43,619 44,495 (876) 102% 396,240 414,040 (17,800) 104% Technical Services Operations 798,448 848,fl53 (49,605) 106% 1,448,296 1,368,143 80,453 94% 2,246,744 2,216,196 30,548 94% ElectricPurchased Power 5,200,000 5,771,909 (571,909) 111% Q 0 0 0% 5,200,000 5,771,909 (571,90 1 % Interdepartmental rent 0 0 0 0% 128,144 128,148 (4) 100% 128,144 128,148 (44)) 100% 735 Debt service 355,403 352,466 2,937 99% 887,110 916,268 (29,158) 103% 1,242,51 1,267,, 11 017 (67,017) 102% 0 Other Non Budget Items 0 157,500 (157,500) 0% 0 109,517 (109,517) 0% 0 26 (2 ----- 0% - _ ------ Total Expenses 7,696,851 8,560,525 (863,674) 111% 2,978,407 3,026,676 (48,269) 102% 10,675,258 11,587,201 (911,943) 109% Net Revenue less Expenses 262,553 32,401 230,152 12% 84,718 177,793 (93,075) 210% 347,271 210,194 137,077 61% 0 TRUCKEE DONNER PUBLIC UTILITY[DISTRICT: 1993 CAPITAL BUDGET SUMMARY 1193-12193 100% ELECTRIC: WATER: TOTAL: CAPITAL PROJECTSIEQUIPMENT: Budget Actual Budget Bal % Budget Actual Budget Bal % Budget Actual Wµ Budget Bal-- ——% -------------------------------_-----------— — _— — — _. ._._-___---------------------------------_-----.».------------- General Manager 100,000 163,041 (63,041) 163% 0 0 0 0% 100,000 163,041 (63,041) 163% Administrative Services 228,000 290,266 (62,266) 127% 0 0 0 0% 228,000 290,266 (62,266) 127% Planning Services 6,000 586 5,414 10% 0 0 0 0% 6,0w 586 5,414 10% Support Services 79,349 37,373 41,976 47% 0 0 0 0% 79,349 37,373 41,976 47% ElectrMater Operations 1,762,747 1,203,866 558,881 68% 471,428 211,160 260,268 45% 2,234,175 1,415,026 819,149 63% ---------- Total Capital PfaJlEquip 096 — 1,695,132M W____480,964— 78% — — —471,428 --—-211,160— ~_ —260,268 45%._ »— 2,647,524 —^—~ 1,906,292 ----—741,232 72%