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HomeMy WebLinkAboutAgenda Truckee Donner Public Utility District Post Office Box 309 • 11570 Donner Pass Rd. + Truckee, Caif#brnia 95734 Customer Service (916) 587-3896 Engineering Department (916) 587-3944 Genera! Manager Board of Directors Peter L. Hoizmeister Joseph R. Aguera John L. Corbett James A. Maass REGULAR MEETING Patricia S.Sutton 7:0© p.m. .. JULY 1, 1991 Karen F. W?A te TDPUD BOARD ROOM I. Call to order 2 . Roll call 3 . Public input (7: 25 PM or as soon thereafter as passible) UNFINISHED BUSINESS NEW BUSINESS 4 . Acceptance of audit 5. Review of performance and costd of tajor consultants 6 . Consideration of pre-authorizing certain seminars and conferences for Board members 7 . Tahoe Donner pipeline replacement project: a) Status report " 10 b) Consideration of miscellaneous invoices c) Consideration of pavement damage settlement 8 . WestStar request to amend lease agreement; consideration and possible action ROUTINE BUSINESS 9. Direction regarding minutes of May 20 and June 3 , 1991 10. Correspondence 11. Bills for approval 12 . Staff report CLOSED SESSION RETURN TO PUBLIC SESSION ADJOURNMENT NOTE - The complete packet of agenda-related material. ,a &flable for public review at the District office and " ' j'uckee Branch of the Nevada County Library, 9ted d mai ed 6/2 S an M. Craig Deputy District Clerk TRUCKEE DONNER PUBLIC UTILITY DISTRICT BILLS FOR BOARD APPROVAL - JULY 1, 1991 TOTAL ELECTRIC WATER DESCRIPTION _------------------------------------ R. W. BECK AND ASSOCIATES 4,222.62 4,222.62 ELECTRICAL CONSULTING SERVICES. CALIFORNIA MUNICIPAL UTILITIES ASSOCIATION 2,124.00 2,124.00 MEMBERSHIP DUES FOR 1991/92. MBNA AMERICA BUSINESS CARD 794.00 17.50 776.50 BOND RELATED EXPENSES (769.00) AND CARD FEES (25.00) . PORTER, SIMON, GRAHAM, PHELPS AND CUTTITTA 4,465.60 2,201.15 2,264.45 KENDALL DEV. (548.00) GENERAL REPRESENTATION (2355.00) PAYLESS (241.50) OLYMPIC HEIGHTS PIPELINE (46.00) MAS`.[ERPLAN (23.00) TAHOE DONNER PIPELINE REPLACEMENT (1252. 10) . SAUERS ENGINEERING, INC. 9,442.31 9,442.31 PAYLESS (225.00) PONDEROSA GOLF COURSE (100.00) DR. ORME (200.00) GATEWAY TANK DESIGN (120.00) PROSSER WOODS (285.00) E. RIVER STREET (985.00) HYDRAULIC MODEL AT TSD (302.31) ARMSTRONG PIPE (815.00) HIRSCHDALE TANK RECOATING (40.00) MASTERPLAN (385.00) OLYMPIC HEIGHTS PIPELINE (525.00) MISC. AFTER ANDY (830.00) DAIRY QUEEN (200.00) KENDALL (615.00) TELEMETRY (880.00) TAHOE FOREST HOSPITAL DAY CARE" CENTER (535.00) CENTURY 21 (50.00) SOMA SIERRA. PUMP SHAFT (930.00) COP ANALYSIS (150.00) NORTHSIDE BUILDING DEMOLITION (690.00) REC. DISTRICT LAND EXCHANGE; (170.00) REVISE WATER STANDARDS FOR P.L. PIPE (410.00) . ------------------------------------ 21,048.53 6,441.27 14,607.26 ARTHUR ANJERSEN d TRUCKEE DONNER PUBLIC UTILITY DISTRICT FINANCIAL STATEMENTS AS OF DECEMBER 31 , 1990 AND 1989 TOGETHER WITH AUDITORS' REPORT ARTHuR ANI3ERSEN &- CO. SACRAMENTO, CALIFORNIA Report of Independent Public Accountants r To the Board of Directors of Truckee Donner Public Utility District: We have audited the accompanying balance sheets of TRUCKEE DONNER PUBLIC UTILITY DISTRICT (the District) as of December 31 , 1990, and the related statements of earnings and retained earnings , and cash flows for the year then ended. These financial statements are the responsibility of the District' s management. Our responsibility is to express an opinion on these financial Statements based on our audit. The financial statements of the District as of December 31 , 1989 were audited by other auditors whose report dated April 9, 1990, expressed an unqualified opinion on those statements . We conducted our audit in accordance with generally accepted auditing standards . Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis , evidence supporting the amounts and disclosures in the financial statements . An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation . We believe that our audit provides a reasonable basis for our opinion . In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the District as of December 31 , 1990, and the results of its operations and its cash flows for the year then ended in conformity with generally accepted accounting principles . Our audit was made for the purpose of forming an opinion on the basic financial statements taken as a whole. The divisional combining statements (Exhibits I and II) and the divisional statements (Exhibits III , IV and V) are presented for additional analysis and are not a required part of the basic financial statements . This information has been subjected to the auditing procedures applied in our audit of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole. Sacramento, California April 5, 1991 x E TRUCKEE DONNER PUBLIC UTILITY DISTRICT BALANCE SHEETS -- AS OF DECEMBER 31 1990 AND 1989 5 ; 1990 1989 ASSETS UTILITY PLANT (Notes 1 and 2) $10,049,080 $ 9,797,798 - - RESTRICTED FUNDS (Note 3) 4, 170,089 3,534,098 ----------- --___------ CURRENT ASSETS: General fund (Note 3) 1 , 170,964 981 ,892 Accounts receivable ( including unbilled amounts of $586,166 and $442 ,296) , less allowance of $15, 138 and $8,500 for doubtful accounts 1 ,226,146 1 ,248,487 Materials and supplies (Note 1 ) 318,019 295,856 Prepaid expenses and other current assets 304,226 231 , 141 Total current assets 3,019,355 2,757 ,376 UNAMORTIZED DEBT DISCOUNT AND ISSUANCE COSTS (Note 1 ) 164,732 172,545 $17,403,256 $16,261 ,817 RETAINED EARNINGS AND LIABILITIES RETAINED EARNINGS $11 ,849,814 $10,998,794 LONG-TERM DEBT, less current portion (Note 4) 2 ,962,265 3,070,771 CURRENT LIABILITIES: Purchased power payable 1 ,046,341 1 ,044,563 Accounts payable 227,531 90,479 Consumer deposits 251 ,713 254,802 Accrued interest payable 93,670 95,548 Deferred standby fees 35,298 33 ,443 Accrued compensation and related costs 354,001 313 ,218 Current portion of long-term debt 108, 117 119,318 ----------- ----------- Total current liabilities 2 , 116,671 1 ,956,371 ----------- ------------ CONSTRUCTION ADVANCES (Note 1 ) 474,506 235,881 $17 ,403,256 $16,261 ,817 The accompanying notes are an integral part of these financial statements . TRUCKEE DONNER PUBLIC UTILITY DISTRICT STATEMENTS OF EARNINGS AND RETAINED EARNINGS FOR THE YEARS ENDED DECEMBER 31 1990 AND 1989 1990 1989 OPERATING REVENUES: Sales to customers $ 8,030,712 $ 8,623,359 Standby fees 74,238 82,305 Other 247,022 218,975 8,351 ,972 8,924,639 OPERATING EXPENSES: Purchased power 4,841 ,209 5,290,254 Operations and maintenance 1 ,278,922 977 ,271 Administrative and general 933,333 1 ,109,235 Customer services 439,478 374,320 Depreciation 495,364 424,823 -7 ,988,306 8,175,903 0 EARNINGS FROM OPERATIONS - 363,666 748,736 ----------- OTHER INCOME (EXPENSE) : Interest income- Restricted funds 296,046 291 ,938 General fund 104, 119 60,258 Interest expense (248,629) (267 ,088) Gain on sale of property 335,818 - ----487,354 85, 108 EARNINGS BEFORE EXTRAORDINARY ITEM -^ 851 ,020 833,844 EXTRAORDINARY ITEM, early extinguishment of debt (Note 4) - 269, 110 EARNINGS -- -851 ,020 1 , 102,954 RETAINED EARNINGS: Beginning of year 10,998,794 9,895,84O g End of year $11 ,849,814 $10,998,794 The accompanying notes are an integral part of these financial statements . A-1 TRUCKEE DONNER PUBLIC UTILITY DISTRICT STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31 1990 AND 1989 1990 1989 OPERATING ACTIVITIES: Earnings from operations 363,666 $ 748,736 Adjustments to reconcile earnings from operations to net cash provided by operating activities- Depreciation 495,364 424,823 Changes in operating assets and liabilities- Accounts receivable, materials and supplies , prepaid expenses and other current assets (72,907) (73,320) Purchased power and accounts payable, consumer deposits and deferred standby fees 132,595 (221 ,565) Accrued compensation and related costs 40,783 91 ,409 Net cash provided by operating activities 959,502 970,083 ----------- ------------ CAPITAL AND RELATED FINANCING ACTIVITIES: Acquisition and construction of capital assets (746,647) (882 ,824) Principal payments on long-term debt ( 119,707) (400,601 ) Interest paid on long-term debt (242,692) (269, 188) Proceeds from sale of property 335,818 - Construction advances, customer contributions and grant, net 238,625 425,776 Net cash used for capital and related financing activities (534,603) (1 , 126,837) INVESTING ACTIVITIES: Interest received on cash and cash equivalents 379,989 347 , 151 ----------- ----------- Net increase (decrease) in cash and cash equivalents 804,888 190,397 CASH AND CASH EQUIVALENTS, beginning of year (Note 3) 4,433,308 4,242 ,911 CASH AND CASH EQUIVALENTS, end of year $ 5,238, 196 $ 4,433,308 ----------- ----------- SUPPLEMENTAL DISCLOSURES OF NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES: Gain on early extinguishment of debt S - 269 , 110 The accompanying notes are an integral part of these financial statements . `t TRUCKEE DONNER PUBLIC UTILITY DISTRICT NOTES TO FINANCIAL STATEMENTS DECEMBER 31 1990 (1 ) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Organization- The Truckee Donner Public utility District (the District) was formed and operates under the State of California Public Utility District Act to provide electric and water service to a portion of Nevada and Placer counties described as Truckee and Donner Lake. The electric and water service operations are maintained and operated separately. These financial statements reflect the combined electric and water operations of the District and, consequently, all significant interdivisional transactions have been eliminated. Interdivisional transactions include power purchases , rent for shared facilities and interest charges . The District follows accounting policies and practices that are in accordance with generally accepted accounting principles applicable to utilities . The District generally maintains accounts in accordance with the uniform system of accounts prescribed by the Federal Energy Regulatory Commission (Electric Division) and the National Association of Regulatory Utility Commissioners (Dater Division) . Utility Plant- Utility plant assets are stated at cost. Betterments and major renewals are capitalized . Maintenance and repair costs are charged to operations as incurred . Customer contributions and government grant funding are applied to reduce construction costs. Depreciation is determined by the straight-line method over the estimated useful lives of the related assets . Composite rates are used for asset groups and, accordingly, no gain or loss is recorded on the disposition of an asset unless it represents a major retirement. Materials and Supplies- Materials and supplies are recorded at average cost. Unamortized Debt Discount and Issuance Costs- Discounts and issuance costs relating to the Certificates of Participation are amortized over the lives of the related bonds . - 2 - Revenues- Revenues are recognized as earned as meters are read on a cyclical basis throughout each month. The Board of Directors has approved a $6.50 per month per customer rate increase for water operations which became effective February 1991 . Construction Advances- The District recognizes facilities fees and the portion of connection fees relating to future metering of the District as construction advances until they are either applied as a reduction to construction costs or refunded if the funds are not expended within five years. Power Purchases- The District purchases all of its power from Sierra Pacific Power Company. The District is being charged for power purchases under a rate schedule approved by the Federal Energy Regulatory Commission . Income Taxes- The District is exempt from payment of federal and state income taxes . (2) UTILITY PLANT: Utility plant consists of the following at December 31 , 1990 and 1989: 1990 1989 Electric distribution facilities $ 6,911 ,477 $ 6,502, 189 Dater operating facilities 3,503,364 3,377,256 General plant 3,551 ,861 3,551 ,859 13,966,702 13,431 ,314 Less - Accumulated depreciation 4,212,886 3,717 ,521 9,753,816 9,713,793 Construction work in progress 295,264 84,005 $10,049,080 $ 9,797,798 In addition, a portion of the utility plant assets in service have been contributed to the District. In accordance with generally accepted accounting principles applicable to utilities , contributed utility plant assets are not recorded or depreciated by the District in the accompanying financial statements . a 1 _ 3 - (3) GENERAL AND RESTRICTED FUNDS: The District maintains funds pursuant to resolutions of the Board of Directors and certain debt covenants . A description of general and restricted funds is as follows: General Fund- General funds are derived from the operations of the District and are unrestricted. Facilities Fees- The District charges facilities fees to applicants for new service to cover the pro rats share of the cost of existing supply facilities , any expansion or additions thereof, and the cost of future facilities required to serve the applicant. These fees are held as restricted funds pursuant to Board resolutions. Reserve for Future Meters-- Connection fees charged to applicants for water service include an amount wvich is applied to a restricted fund for future metering of the District. Storm Damaq_eFund- le The District maintains a restricted fund to provide for future storm damages . Bui ldinqFund- Pursuant to Board resolutions , the District maintains a building fund to provide funds for offsetting a portion of the dent service of the Certificates of Participation associated with the District office complex. Tahoe Donner Water S stem Fund- The District has collected funds for future repairs of water lines and for future water source and storage facilities . The funds are restricted pursuant to Board resolution. During 1989, the Board authorized a loan from the Tahoe Donner Water System fund to provide funds to the general fund for the purchase and early retirement of the outstanding Farriers Nome Administration note and bonds . The loan accrues interest at the six-month average effective yield of the State of California Local Agency Investment Fund. Principal and interest payments of $17,000 are due semiannually with all principal and interest due in 2001 . As of December 31 , 1990, the balance of the loan was $244,953. Certificates of Participation Debt Funds- Resolutions relating to the issuance of the Certificates of Participation require a lease payment fund to be maintained to provide for each semiannual principal and interest payment as they come due . A reserve fund is maintained for the highest annual debt service payment over the life of the debt. All of the Certificates of Participation debt funds are held in Bank of America Corporate Trust Accounts (see Note 4) . - 4 - Telemetr - The District established a fund during 1988 which is to provide for a major telemetry system upgrade. At December 31 , 1990 and 1989, the balances of the general and restricted funds are as follows : 1990 1989 General fund: Electric $1 ,856,345 $1 ,292,753 Water ( including loan payable to Tahoe Donner water system fund (685,381 ) (310,861 ) in 1990 of $244,953) General fund -1 ,170,964 981 ,892 Restricted funds : Electric- 728,732 575,321 Facilities fees Storm damage fund 167,217 178,253 Building fund 574,496 609,105 Certificates of Participation debt funds- 49 2,232 Lease payment fund Reserve fund 2$4,732 2$3,601 9,000 REA special reserve fund _--_19,000 _--- ----- Restricted fund - electric 1 ,774,226 1 ,667 ,512 dater- Facilities fees 632 ,754 542,778 438 Reserve for future meters 613,675 342, Building fund 653,042 42,703 03 Tahoe Donner water system fund (including loan receivable from 655 general fund in 1990 of $244,953) 365,817 368,982 Prepaid connection fees 46, 153 41 ,770 Telemetry 46, 153 41 ,770 Other 14,969 17 ,260 Restricted fund - water ^2 ,395,863 1 ,866,586 Total restricted fund -4, 170,089 3,534,098 $5,341 ,053 $4,515,990 s - 5 - The general and restricted funds at December 31 , 1990 and 1989 have been placed primarily into investment funds as follows : 1990 1989 Cash and cash equivalents : Cash $ 91 ,414 $ 107 ,475 State of California Local Agency Investment Fund, at cost, which approximates market value 4,862,000 4,040,000 Bank of America Corporate Trust Investment Government fund, at cost, which approximates market value 284,781 285,834 5,238, 196 4,433,309 Accrued interest 102 ,858 92,681 $5,341 ,053 $4,515,990 (4) LONG-TERM DEBT: Long-term debt consists of the following at December 31 , 1990 and 1989: 1990 1989 Certificates of Participation , 5.3% to 7.75%, annual principal payments of $50,000 beginning in 1938 increasing annually to $255,000 at maturity in 2012 $2,895,000 $2 ,950,000 Rural Electrification Administration bonds : First Series , 21, annual principal payments of $13,000 to $14,000, due 1994 55,000 68,000 Second Series , 2%, annual principal payments of $3,000 to $5,000, due 2002 53,000 57,000 Third Series , 2%, net of undrawn funds of $65 ,426, annual principal payments of $3,000 to $6,000, due 2004 10,573 13,573 Installment loans and other notes , 7% to 10.5%, various payment terms , due through 1992 56,809 101 ,516 3,070,382 3, 190,089 Less - Current portion: Scheduled current maturities (108,117) (119,318) ---------- ---------- $2,962 ,265 $3,070,771 _ 6 The Certificates of Participation were issued by Truckee Donner Public Utility District Financing Corporation in order to finance the construction of a new office and warehouse facility for the District. The District entered into agreements with the financing corporation whereby title to the property is held with the financing corporation as collateral for the certificates , and the District is obligated to make lease payments sufficient to fund the debt service on the certificates . Upon repayment of the certificates , title to the property will revert to the District. The assets and debt relating to the facilities are recognized on the District' s financial statements . During 1989, the District prepurchased the Farmers Home Administration note and bonds at a discount and the loan from the Department of Energy was forgiven. The early retirement of the debts resulted in an extraordinary gain of $269, 110, Scheduled principal maturities on long-term debt are as follows : 1991 $ 108, 117 1992 98,692 1993 75,000 1994 73,573 1995 and thereafter 2 ,715,000 $3,070,382 (5) EMPLOYEE BENEFIT PLANS: Pension Plan- The District contributes to a single employer pension plan which covers substantially all District employees who have at least one year of service . The District' s payroll for employees covered by the plan for the years ended December 31 , 1990 and 1989 was $1 , 165,347 and $1 ,053,669, respectively, representing 79% of total District payroll in each year. The plan provides for specific benefits to employees at retirement. Benefits vest to participants at the rate of 10% per year of service for the first four years and 20% for years five through seven. Employees who retire at or after age 65 with ten years of credited service are entitled to receive monthly benefits equal to 40% of the individual ' s average monthly compensation . Benefits are reduced pro rata for less than 20 years of credited service , and increased by .5% of average monthly compensation for each year of service in excess of 20 years . The plan also provides for death , disability and early retirement benefits which are more fully described in the plan document . During the 12-month period ending December 31 , 1990, $30,825 was paid to former participants . There were no participants receiving benefits as of December 31 , 1990. The plan' s funding policy requires the District to make actuarially determined contributions such that sufficient assets will be available to pay benefits to employees when due. The actuarial valuations for the plan indicated that no contributions were necessary for 1990 or 1989, as the plan ' s accumulated - 7 - assets were sufficient to provide for the normal cost of the plan . The latest actuarial report, dated December 31 , 1990, indicates the following information related to the plan at December 31 , 1990 and 1989: 1990 1989 Actuarial present value of accumulated plan benefits: Vested $507,823 $466,956 Nonvested 13,140 21 ,506 $520,963 $488,462 Net assets available for plan benefits $661 ,823 $639,328 The actuarial valuation presented above is used as a substitute for the standardized measure of the pension benefit obligation under Statement No. 5 of the Governmental Accounting Standards Board. Actuarially determined funding requirements are determined using the individual aggregate method, which assumes a 7% weighted average rate of return on plan assets. IRS regulations require a funding calculation using the entry age normal method, which also indicated no funding requirement. Deferred Compensation Plan- The District maintains a deferred compensation plan for its employees . The amount deferred and held in trust aggregated $204,416 and $153, 197 at December 31 , 1990 and 1989, respectively. All amounts of compensation deferred under the plan, all property and rights purchased with those amounts , and all income attributable to those amounts , property or rights are (until paid or made available to the employee or other beneficiary) solely the property and rights of the District (without being restricted to the provisions of benefits under the plan) , subject only to the claims of the District' s general creditors . The District has no liability for losses under the plan but does have the duty of due care that would be required of an ordinary prudent investor. EXHIBIT I TRUCKEE DONNER PUBLIC UTILITY DISTRICT DIVISIONAL COMBINING BALANCE SHEETS FOR THE YEARS ENDED DECEMBER 31 1990 AND 1989 1990 ------------------------------------_-___------------ Electric dater Operations Operations Eliminations Total 1989 Total ASSETS UTILITY PLANT $ 8,078,638 $1,970,442 $ - $10,049,080 $ 9,797,798 ----------- ---------- --------- ----------- ----------- RESTRICTED FUNDS 1,744,867 2,351 ,685 73,537 4,170,089 3,534,098 ----------- ---------- --------- ----------- ----------- CURRENT ASSETS: General fund 1,443,211 (198,710) (73,537) 1,170,964 981 ,892 Accounts receivable 1,020,295 144,784 61,067 1 ,226,146 1 ,248,487 Materials and supplies 245,205 72,814 - 318,019 295,856 Prepaid expenses and other current assets 265,764 38,462 - 304,225 231,141 Due from other division 442,494 - (442,494) - - ---- - Total current assets 3,416,969 57,350 (454,964) 3,019.355 2,757,376 ----------- ---------- --------- ----------- ----------- UNAMORTI2ED DEBT DISCOUNT AND ISSUANCE COSTS 164,732 - 164,732 172,545 $13,405,206 $4,379,477 $(381,427) $17,403,255 $16,261 ,817 RETAINED EARNINGS AND LIABILITIES RETAINED EARNINGS $ 8,236,841 $3,612,973 $ - $11,849,814 $10,998,794 ----------- ---------- --------- ----------- ----------- LONG-TERM DEBT, less current portion 2,962,265 - - 2,962,265 3,070,77) CURRENT LIABILITIES: Purchased power payable 1 ,046,341 - - 1,046,341 1 ,044,563 Accounts payable 124,515 41,949 61,067 227,531 90,479 Consumer deposits 215,216 36,497 - 251 ,713 254,802 Accrued interest payable 93,172 498 - 93,670 95,548 Deferred standby fees 25,288 10,010 - 35,298 38,443 Accrued compensation and related costs 331,976 22,025 - 354,001 313,218 Current portion of tong-term debt 108,117 - - 108,117 119,318 Due to other division -- 442,494 (442,494) _ - ------ ---------- --------- ----------- ----------- Total current liabilities 1,944,625 553,473 (381,427) 2,116,671 1 ,956,371 E - --- --TT T--- --r- ---- CONSTRUCTION ADVANCES 261,475 213,031 - 474,506 235,881 $13,405,206 $4,379,477 $(381,427) $17,403,255 $16,261 ,817 um EXHIBIT II TRUCKEE DONNER PUBLIC UTILITY DISTRICT DIVISIONAL COMBINING STATEMENT OF EARNINGS AND RETAINED EARNINGS FOR THE YEARS ENDED DECEMBER 31 1990 AND 1989 1990 Electric -- Water Operations Operations Eliminations Total 1989 Total - OPERATING REVENUES: $6,701,716 1,349,790 $ (20,794) $ 8,030,712 $ 8,623,359 Sales to customers 612,018 549 (612,567) - - Interdivisional sales 51,673 22,565 - 74,238 82,305 Standby fees 166,125 80,897 - 247,022 218,975 Other ---------- ---------- --------- ---_- 7,531,532 1,453,801 (633,361) 8,351 ,972 8,924,639 OPERATING EXPENSES: 4,841,259 520,227 (520,277) 4,841,209 5,290,254 Purchased power 654,920 624,002 - 1,278,922 977,271 Operations and maintenance 628,670 417,198 (112,535) 933,333 1,109,235 Administrative and general 344,357 95,670 (549) 439,478 374,320 Customer services 358,373 136,991 - 495,364 424,823 Depreciation ---- --- ---------- --------- - 6,827,579 1,794,088 (633,361) 7,988,306 8,175,903 ---------- ---------- --------- ----------- ---------- 703,953 (340,287) - 363,566 748,736 EARNINGS (LOSS) FROM OPERATIONS - -------- ---------- --------- ----------- -------_--- OTHER INCOME (EXPENSE): Interest income- 136,985 159,061 - 296,045 291 ,933 Restricted funds 1111998 1,235 (9,114) 104,119 60,258 General fund (246,334) (11 ,409) 9>114 (248,629) (267,088) Interest expense - 335,818 -- 335,818 - Gain on sale of property ---------- ---------- --------- ----------- ----------- 2,649 484,705 - 437,354 85,108 a ----------- -- 746,602 --144,418 --....-_ -----------_---851 ,020 833,$44 EARNINGS BEFORE EXTRAORDINARY ITEM 269,110 EXTRAORDINARY ITEM - ------ -'-__-_-- ------.-.-- --- - 144,418 851,020 2 1,102,954 EARNINGS RETAINED EARNINGS: 7,530,239 3,468,555 - 10,998,794 9,895,840 - Beginning of year ---------- _ _ $8,P3f;,841 $3,612,973 $ -__-- $11 ,849,814 $10,998,794 End of year EY EXHIBIT III TRUCKEE DONNER PUBLIC UTILITY DISTRICT COMPARATIVE STATEMENTS OF EARNINGS ELECTRIC OPERATIONS FOR THE YEARS ENDED DECEMBER 31 , 1990 AND1989 1990 1989 OPERATING REVENUES: Sales to customers $6,701 ,716 $7,380,817 Interdivisional sales 612 ,018 472 ,349 Standby fees 51 ,673 53,570 Other 166, 125 154,774 7,531 ,532 8,061 ,510 OPERATING EXPENSES: Purchased power 4,841 ,259 5,289,195 Operations and maintenance 654,920 518, 127 Administrative and general 628,670 803, 197 Customer services 344,357 314,785 Depreciation 358,373 318,425 6,827,579 7,243,729 EARNINGS FROM OPERATIONS 703,953 817 ,781 OTHER INCOME (EXPENSE) : Interest income- Restricted funds 136,985 152,007 General fund 111 ,998 62 ,328 Interest expense (246,334) (257 ,693) 2 ,649 (43,358) EARNINGS BEFORE EXTRAORDINARY ITEM 706,602 774,423 EXTRAORDINARY ITEM - 37 ,450 EARNINGS $ 706,602 $ 811 ,873 EXHIBIT IV TRUCKEE DONNER PUBLIC UTILITY DISTRICT COMPARATIVE STATEMENTS OF EARNINGS WATER OPERATIONS FOR THE YEARS ENDED DECEMBER 31 1990 AND 1989 1990 1989 OPERATING REVENUES: 994 Sales to customers $1 ,349,549 $1 ,267,549 Interdivisional sales Standby fees 22 ,565 28,735 35 Other 80,897 64,201 -1 ,453,801 1 ,361 ,479 OPERATING EXPENSES: Purchased power 520,227 442,860 144 Operations and maintenance 417, 198 362,587 Administrative and general 495,670 359,535 Customer services 95,670 59,535 Depreciation --13b,991 -_-106,398 1 ,794,088 1 ,430,524 EARNINGS (LOSS) FROM OPERATIONS (340,287) (69,045) OTHER INCOME (EXPENSE) : Interest income- 9931 Restricted funds 15 1 , 13 , General fund ,235 3,658 Interest expense (11 ,409) (15, 123) Gain on sale of property 335,818 - r-484,705 128,466 -- EARNINGS BEFORE EXTRAORDINARY ITEM 144,418 59,421 EXTRAORDINARY ITEM - 231 ,660 EARNINGS $ 144,418 $ 291 ,081 EXHIBIT V TRUCKEE DONNER PUBLIC UTILITY DISTRICT DETAILS OF OTHER OPERATING REVENUES FOR THE YEAR ENDED DECEMBER 31 1990 ELECTRIC: Fees for changing service $ 63,895 Other electric revenue— Late charges 35, 189 Miscellaneous charges 19,121 Rental income- Pacific Bell 3,48 eststar Cable 9, 2 3 TDPUD building ,302 166, 125 WATER: Public fire protection -- hydrants 51 ,714 Late charges 27 ,486 Fees for changing service 835 Rental income 862 80,897 $247 ,022 �r Truckee Donner Public Utiliti -;54- Post Office Box 309 • 11570 Donner Pass Rd. • Truckee Customer Service (916) 587-3896 Engineering Der General Manager Peter L. Holzmeister Joseph R.Aguera John L. Corbett ,lames A. Maass Patricia S. Sutton Karen F. White June 26, 1991 MEMORANDUM To: Board of Directors eer From: Peter L. Holzmeister, G1 Manager Subject: Staff Report 1. Water Quality Report Attached is the Monthly Bacteriological Report for the month of May 1991. 2 . Financial Report Attached are the following financial reports for the months of March and April 1991: Statement of General Fund, Water and Electric Balance Sheets, Water and Electric Income Statements. 3 . Annual Water oual_ fy Report The State of California requires us each year to mail to our customers an annual water quality report. Since our water system is viewed as three distinct entities, we issue three different annual reports. Our three distinct entities are Hirschdale, the Prosser system (which is not chlorinated) , and the Truckee system (which is chlorinated) . Attached are copies of the annual report for each system. With respect to the Prosser and Truckee systems, a person who takes the time to carefully read the report will learn that our water quality is excellent. That person would also read the names of unregulated organic chemicals that sound very strange. This would confuse the readers. The State of California is requiring water purveyors to sample and report on an ever increasing list of contaminants. I am not convinced that we are helping our customers understand their water quality. 4 . sur rise ins ections During the past few weeks our District has been surprised by two inspections, one by Cal OSHA, the other by Lahontan Regional Water Quality Control Board. In both cases the inspector indicated that an anonymous request had initiated the visit. The Cal OSHA inspector walked all through our building and made notes of various problems. I expect a letter from that agency requiring us to take corrective action of a list of items. The Lahontan inspector was concerned over the transformers stored at the Martis Valley Substation. He said the oils in the transformers may leak some day and find their way to the Truckee River. He suggested we construct a containment basin to handle that contingency. So far his comments are verbal , I expect something in writing. PLH/smc Attachments Truckee Danner Public UtilityDistrict Post Office Box 309 • 11570 Donner Pass Rd. • Truckee, California 95734 Customer Service (916) 587-3896 Engineering Department (916) 587-3944 MEMORANDUM June 12, 1991 To: Peter L. Holzmeister, General Manager From: Debi Black, Engineering Technician Subject: Monthly Bacteriological Report - May 1991 Attached is the "Summary of Bacteriological Water Quality" report for the month of May, 1991. As you can see, the report shows that all of the 29 samples taken within the District' s distribution system were free of coliform bacteria, and met the State' s drinking water standards. There was presence of coliform bacteria at the Northside Well on one occasion during this month. However samples taken before and after this one showed no more coliform bacteria present. mgcm SUMMARY OF BACTERI ?GICAL WATER QUALITY TRUCKEE DONNER PUBLIC UTILITY DISTRICT System Source Samples Portions Percent Samples Portions Percent Yr. /Month Collected Positive Positive Collected Positive Positive 1991 May (Truckee) 20 0 0 8 24 5% (Prosser) 8 0 0 7 0 0 (Hirschdale) 1 0 0 1 0 0 Northside Well (2 tubes) SUMMARY OF BACTERI OGICAL WATER QUALITY 3 TRUCKEE DONNER PUBLIC UTILITY DISTRICT System Source Samples Portions Percent Samples Portions Percent Yr. /Month Collected Positive Positive Collected Positive Positive 1991 January (Truckee) 20 0 0 8 41 10 0 (Prosser) 8 22 5% 8 0 0 (Hirschdale) 1 0 0 1 0 0 February (Truckee) 20 0 0 8 0 0 (Prosser) 8 0 0 8 0 0 (Hirschdale) 1 0 0 1 0 0 March (Truckee) 20 0 0 7 0 0 (Prosser) 6 0 0 8 0 0 (Hirschdale) 2 0 0 2 0 0 April (Truckee) 26 0 0 10 13 2% (Prosser) 8 0 0 10 0 0 (Hirschdale) 1 0 0 1 0 0 Northside Well (4 tubes) z Kayhoe Court, Olympic Hts. (2 tubes) 3 Airport Well (1 tube) TRUCKEE DONNER PUBLIC UTILITY DISTRICT STATEMENT OF GENERAL FUND MARCH 31, 1991 HISTORY OF ACTIVITY FOR MONTH: BALANCE IN GENERAL FUND 02/28/91 1.,257,314.77 --------------- RECEIPTS- ELECTRIC REVENUE 626,496.68 WATER REVENUE 151,722.60 STANDBY ELECTRIC 2,591.65 STANDBY WATER 1,158.55 MISC. BILLING REVENUE ELECTRIC 2,996.94 MISC. BILLING REVENUE WATER 100.00 CONSUMER DEPOSITS, ELECTRIC 9,560.50 CONSUMER DEPOSITS, WATER 1,365.00 CUSTOMER ADVANCES-OTHER ELECTRIC 43,147 .80 CUSTOMER ADVANCES-FACILITIES FEES-ELECTRIC 200.00 CUSTOMER ADVPNCES--OTHER WATER 5,680.00 CUSTOMER ADVANCES-FACILITIES FEES-WATER 34,173.00 CUSTOMER ADVANCES-METER FEES-WATER 270.00 MISC. REVENUE ELECTRIC 362.16 MISC. REVENUE WATER 260.22 MEDICAL INSURANCE (COBRA) 748.96 --------------- TOTAL RECEIPTS 880,839.06 DISBURSEMENTS ACCOUNTS PAYABLE DISBURSEMENTS 1,098,399.44 LESS VOID CHECKS FOR PREVIOUS MONTHS (55.00) TRANS. TO ELECTRIC RESTRICTED FUNDS-FACILITIES FEE 200.00 TRANS. TO WATER RESTRICTED FUNDS-FACILITIES FEE 34,178.00 TRANS. TO WATER RESTRICTED FUNDS METER FEES COLL. 270.00 TRANS. TO WATER RESTRICTED FUNDS-INTERFUND LOAN 17,000.00 --------------- TOTAL DISBURSEMENTS 1,149,992.44 --------------- BALANCE IN GENERAT_, FUND 3/31/91 988,161.39 DISTRIBUTION OF NON--RESTRICTED FUNDS AT MONTH--END: PETTY CASH/CUSTOMER SERVICES OPERATING FUNDS 600.00 TRUCKEE RIVER BANK GENERAL FUND CHECKING 9,262.83 LAIF GENERAL FUND (NOT RESTRICTED) 978,298.56 --------------- 988,161.39 Truckee Donner Public Utility District Post Office Box 309 • 11570 Donner Pass Road • Truckee, California 95734 (916) 587-3896 June 12, 3.991 MEMORANDUM TO: Peter L. Holzmeister, General Manager FROM: Nary Chapman, Office Manager SUBJECT: investment report As of March 31, 1991, the District had the following investment comprised of the funds as detailed. TNIJESTMENTS FIELD A1,10UNT LOCAL AGENCY INVESTMENT FUND 7.775% 4,701,000.00 ELECTIC FUNDS REA RESERVE * 19,000.00 GENERAL FUND 978,298.56 FACILITIES FEES * 733,984.34 STORM DAMAGE FUND 167,217.28 BUILDING FUND * 574,495.59 TOTAL ELECTRIC INVESTMENTS 2,472,995.77 WATER FUNDS FACILITIES FEES * 666,931 .92 BUILDING FUND * 653,041.03 RESERVE FOR FUTURE. METERS * 615,700.24 TA-10E DONNER WATER SYSTEM FUND* 141,499.66 WEST RIVER ST. ASSESSMENT DISTRICT BOND REDEMPTION FUND * 20,338.12 PREPAID CONNECTION FEES * 65,817.10 TELEMETRY RESERVE * 46,153.61 TSA (SAD II IMPROVEA"1ENT) 28,522.55 --------------- TOTAL WATER INVESTMENTS 2,228,004.23 --------------- TOTAL DISTRICT INVESTMENTS 4,701,000.00 * RESTRICTED FOR SPECIFIC USE PER BOARD RESOLUTIONS TRUCKEE DONNER P.U.U. : ELECTRIC BALANCE SHEET FOR PERIOD ENDING KARCH 31, 1991 CURRENT LAST YEAR Y-T-D AMOUNT Y-T-D AMOUNT A S S E T S UTILITY PLANT 8,172,921.34 7,919,441.55 RESTRICTED FUNDS ADMINISTRATIVE BUILDING LEASE FUNDS 278,722.97 279,318.17 EMPLOYEE DEFERRED COfSENSATICN-ICMA 217,078.59 163,662.15 REA RESERVE HIND 19,000,00 19,000.00 FACILITIES FEES 733,9$4.34 587,723.13 STORM FUND 167,217.28 182,097.09 BUILDING FUND 574,495.59 521,614.71 TOTAL RESTRICTED FUNDS 1,990,498.77 1,753,415.25 CURRENT ASSETS GENERAL FUNDS 988,161.34 1,327,640.73 ACCOUNTS RECEIVABLE, NET 591,325,86 65 , .0 DUE FROM WATER 634,645.90 52,9565$.00 MATERIALS AND SUPPLIES 256,614.17 230,307.85 90 INTEREST INCOME RECEIVABLE 37,236.34 35,227.61 PREPAID EXPENSES AND OTHER 37,236.34 35,227.61 TOTAL CURRENT ASSETS 2,570,132.82 2,316,938.10 UNAMORTIZED DEBT DISC AND ISSUE COSTS 164,732.00 172,545.00 PRELIMINARY SURVEY COSTS AND OTHER 3,141.20 3,055.69 TOTAL ASSETS 12,901,426.13 12,165,395.59 6.i+ t * TRUCKEE DONNER P.M. * ' ELECTRIC BALANCE SHEET FOR PERIOD ENDING MARCH 31, 1991 CURRENT LAST YEAR Y-T-D AMOUNT Y-T-D AMOUNT E Q U I T Y & L I A 8 I L. I T I E S P.ETAINED EARNINGS 8,148,395.96 7,346,699.16 DEBT ADMINISTRATIVE OFFICE BUILDING LEASE 2,940,000.00 2,695,000,00 REA 218,573.52 138,573.52 IDAFO FIRST - IBM COMPUTER LEASE 48,795.42 77,444.89 TOTAL DEBT 3,007,368.94 3,111,018,41 3.3- % CURRENT LIABILITIES ACCOUNTS PAYABLE 650,501.54 1,049,267.06 CONSUMER DEPOSITS 212,053.71 225,409.71 ACCRUED INTEREST PAYABLE 37,571.09 38,728.30 DEFERRED STANDBY FEES 25,287.50 76,385.00 ACCRUED COMPENSATION & RELATED COSTS --- -79,876.11 61,132,06 TOTAL CURRENT LIABILITIES 1,205,269,95 1,400,922.13 14.0- % CONSTRUCTION ADVANCES 323,252.65 143,093.74 EMPLOYEE DEFERRED COMPENSATION - 1CMA 217,078.59 163,662.15 TOTAL EQUITY AND LIABILITIES 12,901,426.13 12,165,395.59 t t TRUCKEE DONNER P.U.D. ! } k WATER BALANCE SHEET FOR PERIOD ENDING MARCH 31, 1991 CURRENT LAST YEAR Y-T-D AMOUNT Y-T-D AMOUNT A S S E T S ------------ UTILITY PLANT 2,076,723.30 1,855,751.29 RESTRICTED FUNDS FACILITIES FEES 666,931.92 554,476.81 WEST RIVER STREET ASSESSMENT DIST 10,338.12 9,715.07 BUILDING FUND 653,041.03 304,147.75 RESERVE FOR FUTURE METERS 615,700.24 526,443.19 TAHOE DONNER WATER SYSTEM FUND 141,499.66 59,255,68 PREPAID CONNECTION FEES S4,339.65 62,815.92 46,153.61 42,522.s6 TELEMETRY TOTAL RESTRICTED FUNDS 2,228,004.23 1,599,380.78 39.3+ X CURRENT ASSETS GENERAL FUNDS .4 .00 WEST RIVER STREET ASSESSMENT DIST 4,417.91 14,896.30 ACCOUNTS RECEIVAELE, NET 93,363.62 58,060.93 DUE FROM ELECTRIC 634,645.90CR 52,958.00CR MATERIALS AND SUPPLIES 72,354.24 74,044.25 INTEREST INCOME RECEIVABLE 46,242.15 69,234.10 PREPAID EXPENSES 16,450.90 15,463.60 TOTAL CURRENT ASSETS 401,777.06CR 178,761.18 324.8- x PRELIMINARY SURVEY COSTS AND OTHER .D0 .00 TOTAL ASSETS 3,902,950.45 3,633,893.25 7.4+ % g t * TRUCKEE DONNER P.U.D. * ' WATER BALANCE SHEET FOR PERIOD ENDING MARCH 31, 1951 CURRENT LAST YEAR Y-T-D AMOUNT Y-T-D AMOUNT E Q U I T Y & L I A B I L I T I E S RETAINED EARNINGS 3,543,546.07 3,408,521.79 DEBT BACYHCE LEASE 00 14,318.07 TOTAL DEBT T---- .00 14,318.07 100.0- %. CURRENT LIABILITIES ACCOUNTS PAYABLE 32,273.21 49,524.93 CONSUMER DEPOSITS 35,970.87 37,479.97 ACCRUED INTEREST PAYABLE .00 668.08 DEFERRED STANDBY FEES 10,507.50 12,057.50 ACCRUED COMPENSATION L• RELATED COSTS 22,025.22 15,455.44 TOTAL CURRENT LIABILITIES 100,776.80 115,165.92 12.5- X CONSTRUCTION ADVANCES 258,627.58 95,667.47 TOTAL EQUITY AND LIABILITIES 3,902,950.45 3,633,853.25 7.4+ X t 4 } 'TRUCKEE DONNER P.U.D. HATER INCOME STATEMENT FOR PERIOD ENDING MARCH 31, 1991 CURRENT LAST YEAR Y-T-D AMOUNT Y-T-D AMOUNT OPERATING REVENUE RESIDENTIAL 255,430.36 194,739.68 COMMERCIAL 30,604.61 36,596.65 iNTERDEPARTMENTAL 237.22 137.22 -------------- TOTAL RATER SALES 294,172.19 731,473.55 HYDRANTS 13,192.65 12,558.66 DISC OPERATING REVENUE 4,133.03 3,718.37 MISCELLANEOUS RENTS 150.00 .00 STANDBY REVENUE .00 .00 TO?AL OPERATING REVENUE 307,647.87 247,750.58 OPERATING EXPENSES PUMPING - POWER PURCHASED 118,509.25 103,747.22 DISTRIBUTION OPERATIONS 132,537.51 49,879.94 DISTRIBUTION MAINTENANCE 17,080.66 47,608.60 CUSTOMER ACCOUNTING & INFORMATION 22,146.81 18,979.69 ADMINSTRATION & GENERAL 94,539.62 72,703.04 INTERDEPARTMENTAL RENT 28,605.76 14,001.00 DEPRECIATION 28,444.20 26,700.00 OTHER OPERATING EXPENSE 7,262.14 7,745.28 TOTAL OPERATING EXPENSE 449,325.99 341,364.97 NET OPERATING REVENUE 141,678.12CR 93,614.39CR O?FER REVENUE (EXPENSE) INTEREST INCOKE 44,176,59 34,293.30 INTEREST EXPENSE 447.81CR 713. EXTRAORDINARY INCOME 28,522.55 .0000 NET REVENUE (LOSS) 69,426.79CR 6O,034.56CR Truckee Conner Public [utility District Post Office Box 309 • 11570 Donner Pass Road • Truckee, California 95734 (916) 587-3896 ;rune. 26, 1991 1-11EM0_RANDUM 10: Peter L. Holzmeister, C"eneral 111apager FROM: Mary Chapman, Office ?tanager S BJECT: invewt.ment report �E�'t�<i✓l:c-} As of April 30, 1991, the District lad the following investment comprised c,f the funds as detailed. INVESTMENTS YIELD AMOUNT LOCAL . GENICY INVESTMENT FUND 7 .666 a 4,861,000.00 ELECTIC FUNDS ® REA RESERVE 19,000.00 CENERALT FUND 1,056,718.67 FACILITIES FEES * 753,707.55 STORM TDP2 AGE FUND * 170,399.46 BUILDING FUND * 585,430.20 --------------- TOTALT E -CTRIC I?v'VESTME'NTS 2,585,255.88 WATER FUNDS FACILITIES FEES * 681,627.87 BUILDING FUND * 665,467.5E RESERVE FOR FUTURE METERS * 631,039.98 TAHOE DONNER WATER SYSTEM FUND* 143,869.77 WEST RIVER ST. ASSESSMENT DISTRICT BOND REDEMPTION FUND * 10,748.0E PREPAID CONNECTION FEES * 67,072.97 TELEMETRY RESERVE, * 47,031.78 TSA (SAD II IMPROVEMENT) 28,886.09 --------------- TOTAL WATER INVESTMENTS 2,275,744.12 --------------- TOTAL DISTRICT INVESTMENTS 4,861,000.00 . * RESTRICTED FOR SPECIFIC USE PER FOAM RESOLUTIONS TRUCKEE DONNER PUBLIC UTILITY DISTRICT . STATEMENT OF GENERAL FUND APRIL 30, 1991 HISTORY OF ACTIVITY FOR MONTH: BALANCE IN GENERAL FUND 03/31/91 988,161.39 --------------- RECEIPTS ELECTRIC REVENUE 616,209. 15 WATER REVENUE 146,613.56 STANDBY ELECTRIC 2,471.60 STANDBY WATER 1,110.42 MISC. BILLING REVENUE ELECTRIC 6,106.51 MISC. BILLING REVENUE WATER 6,022.58 CONSUMER DEPOSITS, ELECTRIC 12,005.00 CONSUMER DEPOSITS, WATER 2,185.00 CUSTOMER ADVANNCES-OTHER ELECTRIC 18,085.00 CUSTOMER ADVANCES-FACILITIES FEES-ELECTRIC 5,800.00 CUSTOMER ADVANCES-OTHER WATER 5,880.00 CUSTOMER ADVANCES-FACILITIES FEES-Y,'ATER 2,666.00 CUSTOMER ADVANCES-METER FEES-WATER 3,645.00 MISC. REVENUE ELECTRIC 101.67 MISC. REVENUE WATER 331.35 MEDICAL INSURANCE (COBRA) 510.00 LAIF INTEREST INCOME - 1ST QRT 1991 -- 94,426_65 T-_ - TOTAL RECEIPTS 924,164.49 DISBURSEMENTS ACCOUNTS PAYABLE DISBURSEMENTS 698,655.80 LESS VOID CHECKS FOR PREVIOUS MONTHS (343.48) TRANS. TO ELECTRIC RESTRICTED FUNDS-FACILITIES FEE 5,800.00 TRANS. TO WATER RESTRICTED FUNDS-FACILITIES FEE 2,666.00 TRANS. TO WATER RESTRICTED FUNDS DETER FEES COLL. 3,645.00 ELECTRIC RESTRICTED FUNDS INTEREST EARNED 28,040.00 WATER RESTRICTED FUNDS INTEREST EARNED 41,428.89 --------------- TOTAL DISBURSEMENTS 780,CJ92.21 --------------- BALANCE IN GENERAL FUND 4/30/91 1,132,233.67 DISTRIBUTION OF NON-RESTRICTED FUNDS AT MONTH-END: PETTY CASH/CUSTOMER SERVICES OPERATING FUNDS 600.00 TRUCKEE RIVER BANK GENERAL FUND CHECKING 74,915.00 LAIF GENERAL FUND (NOT RESTRICTED) 1,056,718.67 --------------- 1,132,233.67 * + TRUCKEE DONNER P.U.➢. ELECTRIC INCOME STATEMENT FOR PERIOD ENDING APRIL 30, 1991 CURRENT LAST YEAR Y-T-➢ AMOUNT Y-T-➢ AMOUNT OPERATING REVENUE RESIDENTIAL. 1,192,474.09 1,077,467.13 COMMERCIAL 644,058.53 758,078.69 LhRCE COMMERCIkL 153,445.55 175,463.92 SALES TO PUBLIC AUTHORITIES 34,411,61 31,258.46 FUEL CtARGs 60,601.71 IS9,933.86 INTERDE.PARTMENTAI� 161,629.65- 134,542-22 - - - TOTAL ENERGY SALES 2,296,621.14 2,420,744.48 MISC OP:,R.iTING REVENUE 36,496.25 35,254.47 MISCELLANEOUS RENTS 12,766..0 15,323,28 STANDBY REti'EN'IJE 25,287.50 26,385.00 INTERDEPARTMENTAL RENT - 38,407-68 18,658.00 TOTAL OPERATING REVENUE 2,409,578.€? 2,516,375.23 oE;b.Tlll,-, EXPENSES PUFCRASED POFER 1 '8.�,927.96 1,900,1L9.89 DISTRIBUTION OPERATIONS 159,209.87 107,048.24 DISTRIBUTION MAINTENANCE 44,264,69 37,87D.52 4.28 CUSTOMER ACCOUNTING & INFORMATION 90,911.85 65,049.62 ADMINISTRATION & GENERAL 203,335.97 265,049.62 DEPRECIATION 124,238.54 121,100.00 OTHER OPERATING EXPENSES 12,396.12CR 62,246.74 TOTAL OPERATING EXPENSES 1,994,492.76 2,S84,329.29 NET OPERATING REVENUE 415,085.91 67,954.06CR OTHER REVENUE M PENSE3 INTEREST INCOME 77,238.57 75,746.67 INTEREST EXPENSE 78,101.23CR 89,015.66CR NET REVENUE (LOSS) 414,223.25 81,223.05CR 4 f * TRUCEEE DONNER P.U,D. : WATER INCOME STATEMENT FOR PERIOD ENDING APRIL 30, I991 CURRENT LAST YEAR Y•T-D AMOUNT Y-T-D AMOUNT OPERATING REVENUE RESIDENTIAL 385,274.58 282,631.43 COMMERCIAL44,722.03 4$,642.64 192.96 182.96 INTERDEPARTMENTAL TOTAL WATER SALES 430,179.97 331,456.63 HYDRANTS 17,627.32 16,755.58 M1SC OPERATING REVENUE 6,153.64 1?,078.42 MISCELLANEOUS RENTS 697.12 •40 iD,D1D.DD •00 S7ANL'8Y REVENUE --- - -----_ TOTAL OPERATING REVENUE 464,668.25 365,290.63 ?FERATItiG EXri1+'SE5 p1,1MP-4NG - POW 158,535.26 ER PURCHASED 164,876.D6 166,989.4I ,151.31 DISTRIBUTION OPERATIONS D`STRIBUTION MAINTENANCE 45,I53.58 68,545.30 * CUSTOMER ACCOUNTING & INFORMATION 29,533.2B 26,499.59 ADMll,'STRAil0N & GENERAL 138,407.68 118,668.00 INTERDEPARTME14TAL RENT 38,407.68 18,668.92 DEPRECIATION 37,925.64 37,217.92 OTHER OPERATING EXPENSE 7,729,83 10,018.77 - -- -YY - TOTAL OPERATING EXPENSE 617,791.64 478,557.14 NET OPERATING REVENUE 153,123.39CR 113,266.51CR OTHER REVENUE (EXPENSE) 54,545.35 44,493.34 INTEREST INCO3'E INTEREST EY.PENSE 5$1,24CR 943.46OR EXTRAORDINARY INCOME --- ?$,522.55 Dd NET REVENUE (LOSS) 70,635.73CR 69,716.63CR Page 3 Revision 7/2/91 t • * TRUCKEE DONNER P.U.D. ELECTRIC BALANCE SHEET FOR PERIOD ENDING APRIL 30, 1991 CURRENT LAST YEAR Y-T-D AMOUNT Y-T-D AMOUNT A S S E T S UTILITY PLANT 8,173,705.06 7,953,350.94 RESTRICTED FUNDS ADMINISTRATIVE BUILDING LEASE FUNDS 280,190.35 281,131.89 EMPLOYEE DEFERRED COMPENSATION-ICMA 236,562.86 167,335.15 REA RESERVE FUND 19,000.00 19,000.00 FACILITIES FEES 753,707,55 599,843.96 STORM FUND 170,399.46 185,651.40 BUILDING FUND 585,430.20 534,550.95 ------------ ------------ TOTAL RESTRICTED FUNDS 2,045,290.42 1,787,713.35 14.4+ CURRENT ASSETS GENERAL FUNDS 1,132,233,67 1,265,755,56 ACCOUNTS RECEIVABLE, NET 533,075.46 585,124.09 DUE FROM WATER 615,337.96 26,314.94 MATERIALS AND SUPPLIES 289,613.21 231,045.51 INTEREST INCOME RECEIVABLE 17,736.47 17,000.00 PREPAID EXPENSES AND OTHER 29,899.08 28,647.95 TOTAL CURRENT ASSETS 2,618,09S.85 2,1S3,888.05 21.6+ % UNAMORTIZED DEBT DISC AND ISSUE COSTS 156,919.00 164,732.00 PRELIMINARY SURVEY COSTS AND OTHER 3,141.70 3,030.69 TOTAL ASSETS 12,997,151.53 12,062,715.03 7.8+ X: * TRUCKEE DONNER P.U.D. ELECTRIC BALANCE SHEET FOR PERIOD ENDING APRIL 30, 1991 CURRENT LAST YEAR Y-T-D AMOUNT Y-T-D AMOUNT E Q U I T Y & L I A B I L I T I E S -------------------------------------- RETAINED EARNINGS 8,181,839.03 7,449,014.81 DEBT ADMINISTRATIVE OFFICE BUILDING LEASE 2,840,000,00 2,895,000,00 REA 109,573.52 131,573.52 IDAHO FIRST - IBM COMPUTER LEASE 48,795.42 69,931.24 TOTAL DEBT 2,998,368.94 3,096,504.76 3.2- % ` CURRENT LIABILITIES ACCOUNTS PAYABLE 926,354.60 880,453.54 CONSUMER DEPOSITS 186,024.53 205,492.05 ACCRUED INTEREST PAYABLE 55,525.03 55,420.96 DEFERRED STANDBY FEES .00 .00 4, 2 ACCRUED COMPENSATION & RELATED COSTS ---65,148.81 ---da,�? -d TOTAL CURRENT LIABILITIES 1,233,052.97 1,186,160.97 4.0+ CONSTRUCTION ADVANCES 347,327.73 163,679.34 EMPLOYEE DEFERRED COMPENSATION - ICMA 236,562.86 167,335.15 TOTAL EQUITY AND LIABILITIES 12,997,151.53 12,062,715,03 7,8+ % * : } TRUCKLE DONNER P.U.D. ELECTRIC INCOME STATEMENT FOR PERIO➢ ENDING APRIL 30, IS91 CURRENT LAST YEAR Y-T-D AMOUNT Y-T-D AMOUNT OPERATING REVENUE RESIDENTIAL 1,192,474.09 1,077,467.13 COMMERCIAL 694,058,53 798,078.89 LARGE COMMERCIAL 153,445.55 179,463.92 SALES TO PUBLIC AUTHORITIES 34,411.61 31,258.46 FUEL CHARGE 60,601.71 199,933.86 INTERDEPARTMENTAL 161,629.65 134,542.22 TOTAL ENERGY SALES 2,296,621.14 2,420,744.48 MISC OPERATING REVENUE 36,496.25 35,254.47 MISCELLANEOUS RENTS 12,766.10 15,323.28 STANDBY REVENUE 25,287.50 26,385.00 INTERDEPARTMENTAL RENT 38,407.68 18,668.00 TOTAL OPERATING REVENUE 2,409,578.67 2,516,375.23 RATING EXPENSES PURCHASED POWER * 1,846,341.51 1,900,109.89 DISTRIBUTION OPERATIONS 159,209.87 107,048.24 DISTRIBUTION MAINTENANCE 44,264,69 37,870.52 CUSTOMER ACCOUNTING & INFORMATION 90,911.85 90,304.28 ADMINISTRATION & GENERAL 203,335.97 265,049.62 DEPRECIATION 124,238,54 121,700.00 OTHER OPERATING EXPENSES 12,396.12CR 62,246.74 TOTAL OPERATING EXPENSES 2,455,906.31 2,584,329.29 NET OPERATING REVENUE 46,327.64CR 67,954.06CR OTHER REVENUE (EXPENSE) INTEREST INCOME 77,238.57 75,746.67 INTEREST EXPENSE 85,914.23CR 89,015.66CR NET REVENUE (LOSS) 55,003.30CR 81,223.05CR * Revised 3 TRUCKEE DONNER P.U.D. ' # WATER BALANCE SHEET FOR PERIOD ENDING APRIL 30, 1991 CURRENT LAST YEAR Y-T-D AMOUNT Y-T-D AMOUNT A S S E T S ------------ UTILITY PLANT 2,126,605.23 1,861,415.53 RESTRICTED FUNDS FACILITIES FEES 681,627.87 565,909.63 WEST RIVER STREET ASSESSMENT DIST 10,748.08 9,918.92 BUILDING FUND 665,467.58 311,376.08 RESERVE FOR FUTURE METERS 631,039.98 537,298.42 TAHOE DONNER WATER SYSTEM FUND 143,669.77 100,954.46 PREPAID CONNECTION FEES 95,959.06 64,221.42 TELEMETRY 47,031.78 43,405.74 ------------ ------------ TOTAL RESTRICTED FUNDS 7,275,744.12 1,633,084,67 39.4+ % CURRENT ASSETS GENERAL FUNDS .00 .00 WEST RIVER STREET ASSESSMENT DIST 4,417.91 15,167.91 ACCOUNTS RECEIVABLE, NET 80,060.84 49,662.75 DUE FROM ELECTRIC 615,337.96CR 26,314.94CR MATERIALS AND SUPPLIES 71,889.57 75,039.19 INTEREST INCOME RECEIVABLE 15,804.63 11200.00 PREPAID EXPENSES 9,113.64 8:903.94 TOTAL CURRENT ASSETS 434,051.37CR 133,658.85 424.8- % PRELIMINARY SURVEY COSTS AND OTHER .00 .00 ------------ -----------_ TOTAL ASSETS 3,968,297.98 3,628,159.05 9.4+ % TRUCFEE DONNER P.U.D. ' WATER BALANCE SHEET FOR PERIOD ENDING APRIL 30, 1991 CURRENT LAST YEAR Y-T-D AMOUNT Y-T-D AMOUNT E Q U I T Y & L I A B I L I T I E S -------------------------------------- RETAINED EARNINGS 3,542,337.13 3,398,839.72 DEBT BACKHOE LEASE .00 14,318.07 TOTAL DEBT .00 14,318.07 100.0- : CURRENT LIABILITIES ACCOUNTS PAYABLE 99,994.86 58,877.07 CONSUMER DEPOSITS 32,515.25 35,649.69 ACCRUED INTEREST PAYABLE .00 'r51.59 DEFERRED STAN➢BY FEES .00 .00 ACCRUED COMPENSATION & RELATE➢ COSTS 22,025.22 15,455.44 TOTAL CURRENT LIABILITIES 154,S35.33 110,733.79 39.6+ %.. CONSTRUCTION ADVANCES 271,425.52 104,267.47 TOTAL EQUITY AND LIABILITIES 3,568,297.98 3,628,159.05 9.4+ % i .. . ..............._ t * * TRUCKEE DONNER P.U.B. t : WATER INCOME STATEMENT FOR PERIOD ENDING APRIL 30, 1991 CURRENT LAST YEAR Y-T-D AMOUNT Y-T-D AMOUNT OPERATING REVENUE RESIDENTIAL 385,274.98 282,631.03 COMMERCIAL 44,722.03 46,642.64 INTERDEPARTMENTAL 182.96 182.96 TOTAL WATER SALES 430,179.97 331,456.63 HYDRANTS 17,627.32 16,755.58 MISC OPERATING REVENUE 6,153.84 17,07$.42 MISCELLANEOUS RENTS 697.12 .00 STANDBY REVENUE 10,010.00 .00 TOTAL OPERATING REVENUE 464,668.25 365,290.63 OPERATING EXPENSES PUMPING - POWER PURCHASED 164,876.06 144,191.31 DISTRIBUTION OPERATIONS 158,535.26 66,989.41 DISTRIHUTION MAINTENANCE 45,153.58 68,545.30 CUSTOMER ACCOUNTING & INFORMATION 29,533.28 26,499.59 ADMINSTRATION & GENERAL 135,630.35 106,426.84 INTERDEPARTMENTAL RENT 38,407.68 18,668.00 DEPRECIATION 37,925.60 37,217.92 OTHER OPERATING EXPENSE 7,729,83 10,018.77 TOTAL OPERATING EXPENSE 617,791.64 476,557.14 NET OPERATING REVENUE 153,123.39CR 113,266.51CR OTHER REVENUE (EXPENSE) INTEREST INCOME 54,546.35 44,493.34 INTEREST EXPENSE 581.24CR 943.46CR EXTRAORDINARY INCOME 28,522.55 .00 NET REVENUE (LOSS) 70,635.73CR 69,716.63CR