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Home My WebLink About9 Water General Fund AGENDA # 9 �I2:sjo� V' TR .i..� Staff Report To: Board of Directors From: Mary Chapman, Administrative Services Manager Date: March 15, 2002 Subject: Consideration of authorizing a transfer of funds from the Marrs Woods Estates and Ponderosa Ranchos Prepaid Connection Fees restricted fund to the District's water department general fund During 2000 and 2001, the Water Department staff installed seven water services in the Martis Woods and Ponderosa Ranchos subdivisions. The funds to pay for these services are on deposit in a restricted fund. The following is a request to transfer this amount from the restricted fund and reimburse the water department general fund. After the transfer, the fund will have a balance of $75,157.80. 2000- 3 Services @ $450.00 = $1,350.00 2001 — 1 Service @ $450.00 = 450.00 2001 - 4 Services @ $990.00 = 3,960.00 Total Transfer $5,760.00 RECOMMENDATION: To authorize staff to transfer $5,760.00 from the Prepaid Connection Fees restricted fund to the water department general fund to reimburse the fund for the installation of eight water services in Martis Woods Estates and Ponderosa Ranchos during 2000 and 2001. AGEN®A #r--,,0e�-TRtUCKEE 9 DONNER Public Utility District Staff Report To: Board of Directors From: Mary Chapman, Administrative Services Manager Date: March 15, 2002 Subject: Consideration of authorizing a transfer of funds from the Martis Woods Estates and Ponderosa Ranchos Prepaid Connection Fees restricted fund to the District's water department general fund r' f During 2000 and 2001, the Water Department staff installed seven water services in the Martis Woods and Ponderosa' Ranchos subdivisions. The funds to pay for these services are on deposit iri a restricted fund. The following is a request to transfer this amount from the,restricted fund and reimburse the water department general fund. After the transfer, the fund will have a balance of $75,157.80. 2001 - 3 Services @ $450.A0 = $1,350.00 2002— 1 Service @ $450.00 = 450.00 2002 - 3 Services @ $950.00 = 2,970.00 Total Transfer $4,770.00 RECOMMENDATION, To authorize staff'to transfer$4,770.00 from the Prepaid Connection Fees restricted fund to the water department general fund to reimburse the fund for the installation of seven water services in Martis Woods Estates and Ponderosa Ranchos during 2000 and 2001, ti DONNER LAKE ASSESSMENT DISTRICT: FINANCIAL STATUS REPORT AS OF 3/20102 Prepayments received from property owners $852,704.12 US Bank interest earnings 3,454.11 Assessment payments received 484,461.74 Less: Service Charge (2.50) Balance in Assessment District checking account $1,340,617.47 Note: Not included in above is the interest bill from US Bank for the$7,000,000 Line of Credit TRUCKEE DONNER PUBLIC UTILITY DISTRICT ° DONNER LAKE WATER SYSTEM-EXPENDITURES TO DATE-3/20102 Balance WO# Work Order Description 03120/02 00-74515 Acquisition of DL Water System $926,491.57 01-74526 Litigation Donner Lake Water System 5,382.49 01-74528 Misc Acquisition Activities for Donner Lake Water 23,031.04 01-74529 Donner Lake Pipeline Replacement Phase 1-TDPUD Use 255,723.09 01-74530 Donner Lake Intake Pipeline Replacement 312,918.67 01-74531 Donner Lake Environmental Study 17,200.96 01-74532 Donner Lake South Shore Tank Replacement-to 01-74543 0.00 01-74533 2"Tie-In Armstrong to Biltz 8,309.35 01-74535 Install 3 Services-Donner Tract 3,577.85 01-74537 Donner Lake Pipeline Replacement-#1 Burdick 1,820,183.15 01-74538 Donner Lake Pipeline Replacement-#1 Manuel Bros 2,315,496.16 01-74539 Donner Lake Pipeline Replacement-#2 R Supply Materials 196,812.91 01-74540 Donner Lake Pipeline Replacement-#2 SWG Joint Trench 516,558,73 01-74541 Donner Lake Pipeline Replacement-#2 Longo Labor 230,884.48 01-74542 Donner Lake Pipeline Replacement-#2 TDPUD Use 14,542.50 01-74543 Donner Lake Red Mountain Tank-Combined w/01-74532 55,323.45 01-74544 Donner Lake Red Mountain Hydro 0.00 01-74545 Green Point Springs-Environmental Study 18,107.00 01-74546 SRF State Revolving Funding 23,044.80 $6,743,588.20 Draws to Date: Draw#1 -10/01/O1 $ (2,800,000.00) Draw#2-10/22/01 (800,000,00) Draw#3-10/29/01 (775,000.00) Draw#4-11/15/01 (645,000.00) Draw#5-12/11/01 (1,060,000.00) Draw#6-01/22/02 (339,000.00) Draw#7-01/31/02 (438,000,00) Total Draws to Date $ (6,857,000.00) Net Over/Under Transfer ($113,411.80) Balance left to draw on loan $143,000.00 INVESTMENT STATUS REPORT Activity for the Month Ended February 28,2002 Interim Report INVESTMENTS LOCAL AGENCY INVESTMENT FUND 2.967% S8,155,373.32 ELECTRIC FUNDS 01/31/02 Activity 02/02 02/28/02 General Fund $265.645.44 Consolidate cash accounts 328,468.25 Record LAIF transfer in/out general fund 802,000.00 Restrict facilities fees received (14,923.92) Restrict Glenshire Water funds (756,902.72) Unrestrict Glenshire Water funds per agreement 404,000.00 Unrestrict rate reserve for power 96,000.00 1,124,287.05 Facilities Fees - Post AB1600 260,055.32 Restrict facilities fees received 600.00 250,655.32 Storm Damage Fund 304,934.69 304,934.69 Building Fund 1,401,084.99 1,401,084.99 Electric Rate Reserve Fund 2,352,672.37 Unrestrict rate reserve for power (96,000.00) 2,256,672.37 Total Electric Investments S4,584,392.81 $763,241.61 S5,347,634.42 $5,347.634.42 WATER FUNDS 01131102 Activity 02102 02/28/02 General Fund ($328,990,57) Consolidate cash accounts (328,468,25) (657,458.82) Facilities Fees -Pre AB1600 6,826.66 6,826.66 Facilities Fees -Global after 5/5/97 244,439.17 Restrict facilities fees 14,323.92 258,70"3.09 Building Fund 455,618.85 455,618.86 Reserve for Future Meters -'° 496,559,47 496.559.47 Tahoe Donner Water System Fund 118.51920 118,519.20 West River St.Assessment District Bond Redemption Fund 27,07 1.95 27,071.96 Prepaid Connection Fees 79,927.80 79.927.80 Ponderosa Palisades 4 Improvement 761.91 761.21 Sierra Meadows 3 Improvement 4,574.29 4,574.29 Glenshire Water System Sinking Fund 0.00 Restrict Glenshire Water funds 756.902.72 Unrestrict Glenshire Water funds per agreement (404,000.00) 352,902 72 Donner Lake Assessment District Fund 0,00 Invest Donner Lake Assessment District Fund 1,338,000.00 1,338,033,00 TSA SAD If improvement Fund 62,614.98 62,614.98 TSA SAD V Improvement Fund 55,153.21 55.160.21 Proceeds from Land Sale 2 1,399.23 21.3g?,23 Reserve Fund-TDPUD Prop 55 486,497.34 186,497.34 Total Water Investments Si,430,980.5 $1,375,758.39 S2,807,738.90 S2,807,738.90 Total Investments S6,015,373.32 S2,140,000.00 58,155,373.-2 58,155,373.32 GLENSHIRE WATER SYSTEM FUND STATUS REPORT: 3120/02 Transfer in from Glenshire Mutual Water Company to District at the close of escrow: $756,902.72 Transfer from Glenshire fund to reimburse the Districts General Fund: (Fixed charges defined in contract between GMWC & District) 1) Buy-in to well ($334,000.00) 2) Truckee River bridge crossing (51,000.00) 3) Accrued employee benefits (19,000,00) Balance in Fund @ 3/20102 $352,902.72 Still to do: Balance of projects"to do" under firm costs 1) Storage tanks New storage ($67,000.00) Repair (50,000.00) 2) Service line replacement (50,000.00) ($167.000.00) Construction Projects listed in contract(estimated costs) (2.156,000.00) Total estimated cost of"to dos" ($2,323,000.00) Total Amount of Money to Raise $1,970097 28 Due to Glenshire: 1) Credit for materials &equipment acquired by the District 2) Credit for materials & equipment sold as surplus 3) Credit for sale of lands & building 4) Credit for February billings (approximately$57,396.90) STATUS OF GENERAL FUND: Electric Water Total 12/31/2002 $573,535.83 ($1,112,505.04) ($538,96921) 01/31/2002 $1,488,104,08 ($328,990.57) $1,159,113.51 02/28/2002 $1,299,836.63 ($657,458.82) $642,377.81