RESOLUTION NO

Transcription

1 RECITAL RESOLUTION NO RESOLUTION OF THE BOARD OF DIRECTORS OF THE TEHACHAPI CUMMINGS COUNTY WATER DISTRICT ESTABLISHING ITS FINAL BUDGET FOR THE FISCAL YEAR , INVESTMENT POLICY, APPROPRIATIONS LIMIT AND RESERVES POLICY 1. A fiscal budget is necessary for the orderly administration of public funds and the systematic operation of this County Water District. 2. A budget is required by County Water District Code and other State laws. RESOLUTION NOW, THEREFORE BE IT RESOLVED, DETERMINED AND ORDERED AS FOLLOWS: 1. A preliminary budget for fiscal year as shown as Exhibit A attached hereto, is hereby adopted by the Tehachapi-Cummings County Water District Board of Directors for each fund. 2. The District's investment policy as shown on Page 1-3 of the budget document is hereby approved. 3. The appropriations limit for the District for fiscal year is $11,43,342; which calculation is shown on Page 1-3 of the budget document. 4. The District's reserves policy, as shown on Pages 1-4 through 1-8 of the budget document is hereby approved. ADOPTED AND APPROVED THIS 19n

2 SECRETARY'S CERTIFICATE I, LORI BUNN, Secretary to the Board of Directors of Tehachapi-Cummings County Water District do hereby certify the foregoing Resolution was introduced at a regular meeting of the Board of Directors of said District held on the 19th day of August 215, by the following vote: A YES: NOES: ABSENT: ABSTAIN: Hadley, Pack, Prel and Worden None Hall None

3 Tehachapi-Cummings County Water District Fiscal Year Final Budget Regular Board Meeting August 19, 215

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5 DIRECTORS. DA \11 HADLEY JONA THAN HALL JAfl..tES PACK JEAN PREL DAVID WORDEN OFFICERS. DAVID WORDEN. PRESIDEl'IT JEAN PREL. VICE PRESIDENT JOHN MARTIN. GENERAL MANAGER LORI BUNN. SECRET ARY TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT August 19, BANDUCCI RD. POST OFFICE BOX 326 TEHACHAPI, CALIFORNIA (661) (661) FAX (661) tccwd@tccwd.com To the Board of Directors, Citizens and Taxpayers of the Tehachapi-Cummings County Water District: I am pleased to present a balanced budget for fiscal year The district will incur new debt during the fiscal year for capital improvements, but principal and interest payments will be manageable. A planned operating deficit per the budget will be fully covered by available reserves, and remaining reserves on June 3, 216 will still meet the Board-approved targets in every category except flood control. While the district continues to face challenges relating to the slowly recovering economy, its revenues have increased considerably due to a resurgence of agricultural activity and related water sales. Unfortunately, higher agricultural water sales have coincided with a historic statewide drought, which has resulted in a 2% allocation of State Water Project water in 215. The district has adopted a drought management plan which calls for significant recovery of banked groundwater to meet current year demands. This action impacts the budget and will impact future year budgets also, as the recovered water will need to be replaced with additional SWP imports when the water is available from the state system. The historic low SWP allocation also means that the district will have no surplus water to sell to San Joaquin Valley water districts. Property tax revenues in the general fund will increase 7% compared with the budget thanks to increasing assessed valuation. To begin the fiscal year, all general fund designated reserve targets are fully funded. Here are some of the highlights from the budget (figures exclude debt-financed capital projects): General fund operating revenues decrease $48,2 (-1 %) from the prior year's budget. General fund property tax revenues increase $296,7 (7%) from the prior year's budget. Overall revenues in the general fund rise $163,5 (2%) compared with last year's budget. General fund expenditures increase $746, (I %) from the prior year's budget. Salaries & benefits budget increases $43,5 (2%) from last year's budget. The general fund will contribute $431, to reserves by June 3, 216. Compared with the prior budget, the current year tax revenue budget in the state payment fund will decrease $33,5 (-2%). Profile of the Tehachapi-Cummings County Water District The Tehachapi-Cummings County Water District was organized on March 1, 1965 under provisions of the County Water District Law (Sections 3 et seq. of the Water Code of the State of California). The district is located in the Tehachapi Mountains east of the Southern San Joaquin Valley and encompasses approximately 266, acres. The district provides an imported water supply, groundwater resource management and flood protection.

6 The district imports State Water Project (SWP) water from the California Aqueduct and sells this imported water to agricultural and municipal/industrial customers. Approximately one-half to two-thirds of imported water sales are for agricultural customers in a typical year. The local groundwater supply is located in three basins, which are the Brite, Cummings and Tehachapi Basins. The district is the court-appointed Watermaster for these three adjudicated basins. As Watermaster, the district protects the groundwater resources within the basins by administering the judgments and providing annual reports to the Kem County Superior Court. The district is governed by a five person Board of Directors elected "from divisions" to four-year staggered terms. "From divisions" means election of directors who are residents of the division from which they are elected by the voters of the entire district. The divisions are roughly equal in acreage. The Directors are responsible for policies and decisions which govern the operations of the district. The district has operated under the council-manager form of government since its inception. Policy making and legislative authority are vested in the Board of Directors. The Board is responsible for setting policy by ordinance, resolution or minute order, adopting the budget and hiring the general manager, legal counsel and auditor. The general manager is responsible for carrying out the policies of the Board, for overseeing the day-to-day operations of the district and the hiring of all district employees. The district serves a population of approximately 38,, which is projected to increase to 53, by 24 per the Tehachapi Regional Urban Water Management Plan. Mission The district's mission is to ensure the most reliable, cost effective and highest quality water supply within the district through the importation of State Project Water, management of groundwater basins, as well as provide flood protection within specified areas of the district and within the jurisdiction of the district as defined in the State Water Code and pertinent statutes of the State of California. Budget process The annual budget serves as the foundation for the district's financial planning and control. All departments are required to submit budget requests to the general manager on or before April 1 each year. The general manager, together with an ad-hoc Budget Committee, prepares the draft budget. The Board conducts at least two public hearings on the proposed budget and adopts a preliminary budget no later than June 3 and a final budget no later than September 1. The budget is prepared by fund (e.g. general) and department (e.g. administration). Department heads may transfer resources within a department as they see fit. Transfers between funds must be approved by resolution of the Board. Local economy's impact on revenues Since Tehachapi-Cummings County Water District receives no sales taxes, fuel taxes or other taxes that are sensitive to the business cycle, nonoperating revenues, the District's largest source ofrevenues, tend to be stable over time. Property taxes are the main source of nonoperating revenues. Recent years have seen fluctuating growth in the district's tax base, with the result that assessed value is 19% higher than five years ago. Housing is beginning to recover. Development of wind energy assets in the eastern portion of the district has driven the unsecured assessed valuation. Taxable assessed valuation of the district increased 2.4% for the new year. Going forward, the rate of growth could be flat now that the wind resource area within the district is nearly built out. There have been rumors of in-fill wind projects slated for areas that have the old generation turbines. 215 has seen little construction in this regard. The district's second largest source ofrevenue, imported water sales will be slightly more due to greater water sales. Agricultural water sales are on the rise. Fiscal year was the low point for

7 agricultural water sales (1,734 acre-feet). Significant improvement in this sector is evident, with sales of 4,957 AF in fiscal and 4,694 AF in fiscal Farmers are waiting to open new fields when water becomes available (hopefully) in 216. Wholesale imported water sales to purveyors have decreased due to the drought and the state's mandatory urban water restrictions, so municipal/industrial water sales will be less than the prior year. Considering all of these trends taken together, the district will need to import 1,5 AF in 216, but because the water is not available in 215, only 6, AF will be imported during the fiscal year ending June 3, 215. The budget is sufficient to import 6, acre feet of water, in line with the five-year average of 6, 157 AF. A water banking reserve of $1,56, has been set aside for pumping of additional imported supplies to replenish the banked groundwater extracted to meet demands during the historic drought. Water rates New water rates were set in May 21 using a new methodology based on pressure zones. Rates are set for the district's three pressure zones with the higher elevation pressure zones having the higher rates commensurate with higher pumping costs. Effective May 214, agricultural water rates were increased to match Term Municipal &Industrial rates in order to recover the extraordinary costs the district is incurring in order to meet agricultural demand during this historic drought. The soft economy has reduced the demand for natural gas, which, in combination with vast new supplies from domestic shale formations, has depressed its market price. This has worked for the benefit of the district, as its water rates are driven by the price it pays for natural gas to power its pump plants. Going forward, the district hopes to lock in long-term natural gas supplies at prices that will stabilize its water rates at an affordable level for years to come. The district can purchase natural gas on firm contracts up to three years in advance. There is a limit to how much natural gas can be purchased in advance because of the unreliability of the State water supply. In fact, the district was compelled to sell back some natural gas in 214 because of the historically low 5% SWP allocation and again in 215 due to the 2% SWP. By carrying over water in the San Luis Reservoir (part of the State Water Project) and by banking surplus water during wet years in the Kem Water Bank (or other San Joaquin Valley water banking project) it is hoped that the district does not get caught with future contracts of natural gas that it does not need. Unfortunately, the district will begin calendar year 216 with no carryover in San Luis Reservoir because of the severity of the drought. Reserves This budget includes the district's reserves policy, which sets forth reserve targets and a plan to accumulate those reserves over time. The budget plan shows that by June 3, 216 all designated reserve targets in the general fund will be met, as will all reserves in restricted funds, with the exception of the district's flood control funds. Accumulation of sufficient reserves in the flood control funds is challenging due to the extensive size of the assets, their replacement cost, and their long expected lives. 1t is hoped that backstop funding from FEMA and CalEMA will be available if the district suffers catastrophic losses of flood control facilities due to a declared disaster, so that district reserves will be adequate for normal maintenance and replacement needs, emergency response to floods and any required matching funds to qualify for FEMA assistance during disasters. State Water Project allocation California's Department of Water Resources' (DWR) allocation for the SWP in 215 is 2%, and it has averaged 2% over the three years of (35%, 5%, 2%). We managed to fill all orders during 214 and 215 by recovering banked groundwater from the Tehachapi Basin and by importing SWP carryover water and water banked in the San Joaquin Valley. We are hoping for at least a 55%

8 allocation in 216, which will require an end to the current drought. If the drought continues, other plans will need to be made and the budget amended as appropriate. The district has entered into a multi-year surplus water sales agreement with a group of four water agencies that ends in 216, with an optional five-year extension. 3,1 acre-feet of surplus water was sold under this agreement in 213, but none in 214 or 215. Beginning in 217, the district will be serving SWP water to a customer in another water district under a long-term agreement. A condition of that agreement is for the customer to bank a five-year supply in Tehachapi Basin prior to any water being delivered to their account. The fourth and final year of banking will be 216. Long-term debt The certificates of participation that were issued in 1994 were refinanced in The final payment was made August 1, 214. This item is complete. In 24 the district contracted with the California Public Employees' Retirement System (CalPERS), switching from an employer-paid defined-contribution plan. All assets from the old plan were transferred to the CalPERS plan and 1% of the prior service credit was purchased. On August 15, 212, this "side fund" obligation was refinanced with a $1,719,7 bank loan at a lower interest rate, reducing the district's interest expense. Payments of $347,1 for principal and interest on the loan are due to Umpqua Bank during the fiscal year. In 215 the district completed a financing with Umpqua Bank for its Pump Plant 1 Engine Replacement Project, which includes replacement of controls at the other three pump plants as well. Principal of $7,, is payable over ten years@ 2.51 % interest beginning December 215. The original debt service schedule calls for $683,2 in principal and interest payments during the fiscal year; however, the schedule will be revised once the project is complete and all costs are in. Staffing In 214 the District's workforce was augmented by one full-time and one part-time position for the new water conservation programs. The district now has 19.5 full-time equivalent year-round employees (and 3 part-time summer helpers). State payment tax The district levies a tax each year to pay for its obligations under the two water supply contracts with the Kem County Water Agency for State Water Project water. In recent years the district has not had to pay the full amount of the annual estimated bill because of large credits issued as a result of audits done by the KCW A of DWR's master invoices and because of low SWP allocations. Because costs have not been as much as expected, a surplus has accumulated in the fund's reserve, such that the tax rate was reduced each year in four out of five years to spend down the surplus reserve over time. The tax rate has been lowered once again for fiscal Any questions or concerns may be addressed to me or Lori Bunn at the district office at or by at jmartin@tccwd.com. Respectfully submitted, <?-~e----, John Martin General Manager

9 Board of Directors Management Staff TCCWD Organizational Chart Investment Policy Appropriations Limit Reserves Policy District Total Summary District Total Account Detail Table of Contents General Fund Summary Projected Reserves - General Fund Capital Expenditure Budget General Fund Account Detail Administration Department Pipeline Department Pumping Department Board - designated Reserve Funds Emergency Water Banking Major Repair & Overhaul Tax Revenue Liability Rate Stabilization Projected Reserves - Restricted Fund Restricted Funds Account Detail Improvement District No. 2 Improvement District No. 3 State Payment Emissions Reduction Debt Service Prop 84 IR WM Grant Flood Control Benefit Assessment (AD-1) Page

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11 TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT FINAL BUDGET BOARD OF DIRECTORS President Vice-President Director Director Director David Worden Jean Pre) David Hadley Jonathan Hal I James Pack MANAGEMENT STAFF General Manager District Secretary/Office Manager Operations Manager John Martin Lori Bunn Thomas Neisler Page 1-1

12 TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT ORGANIZATIONAL CHART-215 Citizens of the District Board of Directors General Manager Assistant Manager ~ (Vacant) Office Manager Water Conservation Coordinator Water Conservation Technician Bookkeeper Secretary/Receptionist I Operations Manager Superintendent of Pump Plants Superintendent of Pipelines Controls/Emissions Specialist Heavy Duty Mechanics ( 4) Pipeline Maintenance ( 4) Heavy Equip. Operator (1) Page 1-2

13 INVESTMENT POLICY Objective: The primary objective of the District in the management of District funds shall be to safeguard the principal of the funds. The secondary objective shall be to meet the liquidity needs of the District. The third objective shall be to achieve a return on the funds. Legal Investments: District funds shall be invested in a county investment pool administered by the Treasurer of the County of Kem. Reporting Requirements: The annual statements and quarterly reports submitted by the Treasurer of the County of Kern to the District pursuant to subdivision (e) of section of the Government Code shall be received and considered by the Board pursuant to subdivisions (a) and (b ) APPROPRIATIONS LIMIT Section 1.5 of Article 13B of the California Constitution requires each local governmental entity to establish an appropriations limit for each fiscal year. The appropriations limit for fiscal year calculated pursuant to State guidelines and with data provided by the California Department of Finance is $11,43, Appropriations Limit $1,58, California Per-Capita Personal Income 3.82% 3. Population Change (Kem County).53% 4. Combined Growth Factor 4.37% Appropriations Limit $11,43,342 Page 1-3

14 A. PURPOSE TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT RESERVES POLICY The purpose of this policy is to establish various reserve targets and funding priorities. Reserves are maintained to protect the district's creditworthiness and to provide for continuing operations including the maintenance and eventual replacement of existing facilities and infrastructure, the addition of new capital assets, unforeseen and unexpected emergencies, cash flow requirements and to ensure stable services and fees. This reserves policy is to ensure that the district accumulates, manages, maintains and uses certain financial resources only for specified purposes. Working capital (current assets less.current liabilities) will be used to determine reserve levels in each of the funds. Working capital is a better measure than either cash or net position for determining the district's ability to meet its short-term (1 to 2 years) financial obligations. Long-term needs, such as replacement of large portions of the district's water importation system, are not addressed by this policy. At this time it is assumed that such projects will be financed with long-term debt with repayment provided by revenues from a future voter-approved tax levy. B. TYPES OF RESERVES The district maintains two types of reserves: 1. Designated Reserves. Designated reserves are reserves that are established by the Board of Directors and set aside to be used only for a specific, designated purpose. The source of their money is the general fund; therefore, the purpose of the reserves may be changed at the Board's pleasure. 2. Restricted Reserves. Restricted reserves are reserves that are restricted by an outside source, such as by statute, court order, contract or bond covenant. These reserves must remain in their respective funds, except for Board-approved short-term borrowing (with full interest repayment). Money in the Emissions Reduction Debt Service Fund cannot be borrowed. C. DESIGNATED RESERVES The district maintains a general fund, which is the district's water enterprise fund. Although it is an enterprise fund, its primary funding source is general property taxes. The fiscal year budget forecasts that 59% of general fund revenues will be from nonoperating sources such as property taxes and 41 % will be operating revenues from water sales and services. Costs to perform the district's watermaster duties under the three judgments are also paid from the general fund. Page 1-4

15 The Government Finance Officers Association recommends that for enterprise funds "governments should start with a baseline of ninety (9) days worth of working capital and then adjust the target based on the particular characteristics of the enterprise fund in question (using 45 days as the minimum acceptable level)." Because the district's general fund is primarily tax supported and the first installment of property tax revenue is received five months after the start of the fiscal year, the general fund's July 1 beginning working capital will be equal to or greater than 9 days of operating expenses (including transfers out for debt service payments on the Certificates of Participation) and at no point during the year will the working capital fall to less than 45 days of operating expenses. As a result of the low 2% State Water Project allocation in 215 the district will again be recovering a portion of its emergency banked water supply this year. This water will need to be replaced with future imports from the SWP. Therefore, an additional $6, has been set aside creating a temporary reserve of $1,554, for the purpose of pumping additional water from the California Aqueduct and spreading it in the Tehachapi Basin to replace the district's emergency supply. We intend to replace the water by 12/31/17. In addition to this minimum funding level, the district has established four designated reserve funds. Full reserve targets and interim targets (5% of the full targets) are established herein. Money will be accumulated in the reserve funds in the order presented until the interim target is achieved, at which time the next designated reserve will begin to accumulate. Once all four interim reserve targets have been achieved, money will accumulate in each fund in the order presented until the full target for each fund has been reached. All expenditures or transfers from these reserve funds will be replaced as quickly as possible in the manner of priority as described above. 1. Tax Revenue Liability Fund. This fund was established to continue normal operations in the aftermath of property tax revenue losses resulting from taxpayer appeals. Its working capital balance as of June 3, 215 is estimated at $354,7. Each year Kern County publishes a tax revenue liability estimate for the district's general fund. Since it is very unlikely that every taxpayer appeal will be granted, the district will fund this reserve at 5% of the County's estimate. 2. Emergency Fund (formerly the Self-Insurance Quake/Flood Fund). This fund was established in 1986 in recognition of the fact that the district does not have insurance coverage for earthquake or flood damage. Its purpose is to set aside money for (1) repair, restoration or replacement of district facilities damaged as the result of natural disasters, (2) matching fund payments for cost sharing required under federal or state disaster assistance programs and (3) district personnel overtime costs and supplies used during eligible disaster response and recovery activities, including the cost of administering those activities. In 1986 it was funded in the amount of $5, and it now has an estimated balance of $33,2. It shall be the policy of this district to maintain working capital in this fund at 5% of the general fund's operating expenses. Page 1-5

16 3. Major Repairs and Overhaul Fund. This fund is for the purpose of major, unanticipated replacement of the district's water importation system components. Of particular concern is the need to replace a failed natural gas engine at one of the pump plants; however, the funds may be used for the unexpected replacement other system components as well. This fund's June 3, 215 estimated balance is $1,216,7. Going forward, it shall be the policy of this district to maintain working capital in this fund at 5% of the book value of the general fund's capital assets. 4. Rate Stabilization Fund. This reserve is used to normalize fluctuations in revenues so that water rates will be more stable over time. The money is used as a buffer to reduce the frequency of changes to the district's water rates. The amount is intended to fluctuate between 1 % and 5% of the general fund's operating expenses. The 6/3/15 estimated balance is $33,. The district has attained its goal of 9 days working capital in the general fund and intends to maintain this minimum funding level in perpetuity. The figure shown herein does not include unfunded pension liability that will be provided by CalPERS to comply with GASB 68. CalPERS will provide the figure on September 8, 215. As of June 3, 215, all four of the general fund designated reserve targets are fully funded. The budget for fiscal year shows that costs will be controlled and sufficient revenues will be generated such that all general fund designated reserve targets will continue to be fully funded. D. RESTRICTED RESERVES The district maintains six restricted funds: 1. State Payment Fund. This fund is for the purpose of paying the obligations of the Kern County Water Agency contracts for State Water Project costs. The district levies a special tax sufficient to cover all current costs under its two water supply contracts, and maintains sufficient working capital for a sixmonth operating reserve and half of its tax revenue liability reserve as determined by the Kern County Auditor-Controller. All unspent monies in this fund remain in the fund. 2. Prop 84 Grant Fund. This fund is for the purpose of separating the grantrelated expenditures and reimbursement revenues from the Department of Water Resources for the district's Water Use Efficiency Project. This fund requires a cash-flow reserve to accommodate DWR's reimbursement schedule. 3. Emissions Reduction Debt Service Fund. This fund is for the purpose of making the quarterly installment payments for the 1999 Certificates of Participation. The final principal and interest payment for this debt was paid on August 1, 214; therefore, this fund is no longer needed. No budget is established for this fund for fiscal year Page 1-6

17 4. Improvement District No. 2. This fund is for the purpose of providing flood control within the discrete area known as ID2. Property within ID2 is subject to property taxes which fund this service. All unspent monies in this fund remain in the fund for future maintenance and replacement of its flood control facilities. Reserves must be adequate to repair or replace structures damaged in a flood event. Although some funds may become available from federal or state agencies in a declared disaster event, it is possible that facilities could be damaged in a localized flood event that is not part of a declared disaster; therefore, the district sets a reserve target of 5% of the estimated replacement cost of the facilities. The estimated replacement cost is calculated as the original construction cost adjusted for inflation. 5. Improvement District No. 3. This fund is for the purpose of providing flood control within the discrete area known as ID3. Property within ID3 is subject to property taxes which fund this service. All unspent monies in this fund remain in the fund for future maintenance and replacement of its flood control facilities. Similar to ID No. 2, the reserve target for this fund is set at 5% of the estimated replacement cost of the facilities. 6. Benefit Assessment District No. 1. This fund is for the purpose of providing flood control within the discrete area known as AD1, also known as the Tehachapi Watershed Project. Property within AD1 is subject to a special benefit assessment which funds this service. All unspent monies in this fund remain in the fund for future maintenance and replacement of its flood control facilities. The district shall maintain working capital in this fund equal to 5% of the estimated replacement cost of the facilities. Reserves in the State Payment Fund are fully funded now. Reserve targets for the three flood control districts are not fully funded, nor does it appear that they will be any time soon. Flood control assets tend to stay in place for long periods of time and function without damage under normal conditions. However, they can be damaged or destroyed by natural disaster events (1-year flood, for example), which would require rebuilding of the structures. In such events, it is likely that FEMA and CalEMA would provide funding assistance to the district to rebuild the flood control facilities. Under this scenario, the district's reserves would be used for matching funds (typically 1% to 25% of total cost) to secure the disaster assistance funds. E. MANAGEMENT OF RESERVE FUNDS The General Manager will be responsible for managing the accumulation of reserves in the various funds in accordance with Board policy. Only the Board of Directors may authorize the expenditure or transfer of money from any of the district's reserve funds. The Board annually will review the balances of the reserve funds, work collaboratively with the General Manager to ensure the accuracy of the annual report, and evaluate the goals and purposes of each reserve fund and adopt policy changes as may be necessary or desirable. Page 1-7

18 Interim Actual Forecast Reserve Full Reserve Reserve Reserve Reserve Target Reserves Reserve Formula Target Target 6/3/14 6/3/15 Met? g General Fund 9 days of operating Working capital expenses (prior year audit) $1,513,4 $1,513,4 $2,18,33 $3,289, Full - Yes Cost to spread 4, AF of Water banking reserve imported SWP water 1,554, 1,554, 954, 1,558,4 Full - Yes Tax Revenue Liability Fund Tax revenue liability 5% of Kern County's reserve liability estimate 329,2 164,6 353, ,7 Full - Yes Emergency Fund 5% of general fund operating Emergency reserve expenses (prior year audit) 32,7 151,35 27,965 33,2 Full - Yes Major ReQairs I Overhaul Fd Asset maintenance I 5% of capital assets' book replacement reserve value (prior year audit) 1,215,2 67,6 1,188,338 1,216,7 Full - Yes Rate Stabilization Fund 1 to 5% of general fund Rate stabilization reserve operating expenses 32,7 151,35 27,7 33, Full - Yes Restricted Reserves: State Payment Fund Six-month operating 5% of current year reserve expenditure budget 1,27, 1,27, 2,294,54 2,232,6 Full - Yes Tax revenue liability 5% of Kern County's reserve liability estimate 12,7 12,7 117,342 12,7 Full - Yes ProQ 84 Grant Fund Matching funds $5, per grant 5, 5, 49,687 - Full - Yes lmqrovement District No. 2 Asset maintenance I 5% of construction cost replacement reserve indexed for inflation 226,3 226,3 8,738 84,5 No lmqrovement District No. 3 Asset maintenance I 5% of construction cost replacement reserve indexed for inflation 52,8 52,8 169, , No Assessment District No. 1 Asset maintenance I 5% of construction cost replacement reserve indexed for inflation 1,441,6 1,441,6 537, ,9 No Page 1-8

19 District Total Summary Page 1-9

20 Tehachapi-Cummings County Water District Revenues & Expenditures - District Total Summary Amount Pct Actual Estimated Budget Budget Change Chg Revenues Operating Revenues Water Sales - Imported 2,879,724 2,671,798 2,862, 2,927, 65, 2% Water Sales - Surplus 1,329,919 24,53 196,4 25, 8,6 4% Water Sales - Recycled 27,32 32,891 48, 65, 17, 35% Water Services 155,534 65,223 69, 5,9 (18, 1) -26% Other Operating Revenues 68, ,59 257,4 136,7 (12,7) -47% Total Operating Revenues 4,46,51 3,199,32 3,432,8 3,384,6 (48,2) -1% Non-Operating Revenues General Taxes 4,287,23 4,821,892 4,543,9 4,839,7 295,8 7% Special Taxes 1,751,481 1,949,552 1,695, 1,643,5 (51,5) -3% Benefit Assessments 116, ,317 16, 17,5 1,5 1% Other Revenues 29,14 41,772 43,6 39,5 (4,1) -9% Loan Proceeds 6,95, 6,95, 999% Capital Contributions 58,85 19,959 15, 2, (85,) -81 % Operating Grants 16,65 4, 4, % Capital Grants % Total Non-Operating Revenues 6,243,172 7,11,142 6,893,5 14,,2 7, 16,7 13% Total Revenues 1,73,673 1,39,174 1,326,3 17,384,8 7,58,5 68% Expenditures Salaries & Benefits Salaries & Wages 1,448,159 1,476,873 1,573,2 1,575,1 1,9 % Benefits 78,53 713, ,1 754,1 (12,) -2% Total Salaries & Benefits 2,156,212 2, 19,83 2,339,3 2,329,2 (1, 1) % Operations & Maintenance Administrative/General 312,48 63, ,7 581,7 (71,) -1 1% Utilities 34,212 33,454 35, 41,9 6,9 2% Automobiles & Equipment 97,75 96,321 13,5 127,3 (3,2) -2% System Operations 3,789,298 3,759,29 4,554,1 4,439,2 (114,9) -3% Maintenance 578, , ,9 646,3 (1,6) % Services 158, , ,8 148, (29,8) -17% Government & Regulatory 149, , ,9 217,3 (12,6) -5% Non-Cash Expenses 8 7 (1) -13% Total Operations & Maintenance 5, 119,989 5,368,287 6,428,7 6,22,4 (226,3) -4% 8/11/21 5 3:32 PM Page 1-1

21 Tehachapi-Cummings County Water District Revenues & Expenditures - District Total Summary Amount Pct Actual Estimated Budget Budget Change Chg Debt Service Principal Payments 737,6 799, 799, 934,8 135,8 17% Interest Expense 82,259 48,827 58,7 95,5 36,8 63% Debt Service Fees 3,275 27, 11 % Total Debt Service 823, , ,7 1,3,3 172,6 2% Capital Outlay Land % Pumping Plants 25, ,98 189, 7,621, 7,432, 999% Mainline Pipeline % Dam & Reservoir % Transmission System 15,571 53,493 11, 17,5 6,5 6% General Office, Shop & Equipment 195, , , 67, (62,) -9% Emissions Reduction % Water Reclamation 1, ,241 29, (29,) -1% Flood Control Facilities % Total Capital Outlay 562,88 838, 133 1,249, 8,335,5 7,86,5 567% Total Expenditures 8,661,423 9,272,187 1,874,7 17,897,4 7,22,7 65% Income Before Transfers 2,42,25 1,36,987 (548,4) (512,6) 35,8 Transfers In 533,76 786,759 11,6 1, (685, 159) Transfers Out (533,76) (786,759) (11,6) (1,) 685, 159 Total Transfers Net To (From) Reserves 2,42,25 1,36,987 (548,4) (512,6) 35,8 8/11/215 3:32 PM Page 1-11

22 Blank Page Page 1-12

23 District Total Account Detail Page 1-13

24 Tehachapi-Cummings County Water District Revenues & Expenditures - District Total (All Funds) Acct. Account Description No. REVENUES Ooeratina Revenues Water Sales 411 Water Sales - Agriculture 412 Water Sales - Term M & I 413 Water Sales - Regular M & I 414 Water Sales - Wheeled Water 415 Water Sales - Surplus 416 Water Sales - Recycled Water Water Services 4111 Recurring Service Charges 4112 Recharge Surcharge - Cummings 4113 Recharge Surcharge - Tehachapi 4115 Connection Fees 4116 Delinquent Charges 4117 Spreading Loss Surcharge 4118 Capital Recovery Surcharge Other Operating Revenues 4122 Reimbursement - Health Insurance 4123 Reimbursement - Flood Control Maint Reimbursement - ACWA-JPIA Premium 4125 Reimbursement - Insurance Claims 4126 Reimbursement - Other Operating 4127 Other Operating Revenue 4128 Reimbursement - Groundwater Studies Actual 1,728, ,54 158, ,259 1,329,919 27,32 8,883 18,422 1,6 1,965 27,29 98,175 17,36 9,326 23,556 8,29 9, Estimated 1,816, ,185 17, ,76 24,53 32,891 9,328 17, ,99 25,477 1,226 2,654 17,453 19,556 76, Amount Pct Budget Budget ChanQe Chg 2,6, 2,13, 7, 3% 64, 595, (45, -7% 6, 27, (33,) -55% 12, 175, 73, 72% 196,4 25, 8,6 4% 48, 65, 17, 35% 8,3 8,6 3 4% 19,5 16,5 (3, -15% % 2, 1, (1, -5% 6 6 % 28,6 24,2 (4,4) -15% 1, (1,) -1% 19,1 6,7 (12,4) -65% 2, 15, (5,' -25% 25, 5, (2,) -8% % 1, 2, (8,) -8% 2, 1, (1,) -5% 73,3 8, 6,7 9% Non-Ooeratinq Revenues General Taxes 421 Current Year Property Taxes 422 Prior Year Property Taxes 423 Homeowners Property Tax Relief 424 Redevelopment Agency Pass-through 425 Property Tax - Penalties/Other Special Taxes 4211 Current Year State Payment Tax 4212 Prior Year State Payment Tax 4213 Homeowners Property Tax Relief 4214 Redevelopment Agency Pass-through 4215 State Payment Tax - Penalties/Other Benefit Assessments 4221 Current Year Benefit Assessments 4222 Prior Year Benefit Assessments 4224 Benefit Assessment - Penalties/Other Other Revenues 4231 Interest Earnings 4233 Loan Proceeds Capital Contributions 4244 Reimbursement - New Connections Operating Grants 4252 OperatinQ Grant - State 4,369,584 (163,153) 33,56 44,8 3,132 1,74,798 (22,53) 17,331 15,855 99,914 1,874 5,755 29,14 58,85 TOTAL REVENUES 1,73,673 4,743,976 1,711 34,23 39,445 2,737 1,881,82 34,432 1,132 23,96 14,787 6,244 5,286 41,772 19, ,39,174 4,46,1 4,759,5 299,4 7% 6, 3, (3,) -5% 34, 34, % 4,3 4, (3) -1% 3,5 3,2 (3) -9% 1,62, 1,586,5 (33,5) -2% 3, 25, (5,) -17% 17, 17, % 13, (13,) -1% 15, 15, % 96, 97, 1, 1% 7, 7,5 5 7% 3, 3, % 43,6 39,5 (4, 1) -9% 6,95, 6,95, 999% 15, 2, (85,) -81% 4 4. % 1,326,3 17,384,8 7,58,5 68% 8/11/21 5 3:32 PM Page 1-14

25 Tehachapi-Cummings County Water District Revenues & Expenditures - District Total (All Funds) Acct. Account Description No. EXPENDITURES SALARIES & BENEFITS Salaries & Wages 5112 Salaries & Wages 5114 Overtime & Holiday Benefits 5121 FICA 5122 Workers Compensation 5123 Unemployment 5124 Health Insurance 5125 Health Insurance - Reimbursable 5127 Retirement 5128 Tuition Reimbursements 5131 Retiree Medical Annual Req'd Contribution TOTAL SALARIES & BENEFITS Actual Estimated 1,429, 17 1,456,976 19,52 19,897 17,35 19,663 33,938 35,575 1,451 19,24 321,44 32,458 18,425 18, , , , 156,212 2,19, Amount Pct Budget Budget Chanqe Chg 1,557,4 1,554,8 (2,6) % 15,8 2,3 4,5 28% 119,7 12,6 9 1% 36, 34,7 (1,3) -4% 2, 2, 999% 369,3 338,8 (3,5) -8% 19, 1 6,7 (12,4) -65% 29,4 22,8 11,4 5% 2,1 2, (1) -5% % 2,339,3 2,329,2 (1,1) % OPERA T/ONS & MAINTENANCE Administrative/General 521 Public Information & Notices 522 Books/Periodicals/Subscriptions 523 Printing 524 Postage & Shipping 525 Office Supplies 526 Office Computer & Machinery 527 Bank & Administrative Services 528 County Collection Charges 529 Memberships 521 Directors' Fees 5211 Training & Travel 5213 Recruitment 5214 Awards & Recognition 5215 Safety Program & Supplies 5216 Legal 5217 Audit 5219 Water Conservation Program Utilities 5221 Electricity - Office/Shops 5222 Natural Gas - Office/Shops 5226 Phone - Facility & Cellular 5227 Phone - Control System Automobiles & Equipment 5231 Auto/Equipment - Gas & Oil 5232 Automobile Repair 5233 Equipment Repairs 5234 Equipment Rentals 5238 Shop Supplies System Operations 5241 Source of Supply - KCWA Contract 5242 Natural Gas - Pumping 5243 Engine Oil & Fluids- Pumping 5244 Electricity - Pumping 5245 Electricity - Pipeline 5247 Operation of Joint Turnout 5248 Cross Valley Canal & M 5249 Source of Supply - Recycled & Other 2,417 3, 14 1, ,351 3,567 12,429 13,667 16,757 32,635 4,473 5,575 61,929 64,627 18,467 2, 113 9,8 9,6 14,455 22, ,958 8,451 1,442 11,286 12, ,426 57,359 18,486 18,144 9,35 327,538 9,345 12,3 2,56 1,242 19,52 17,415 3,759 2,794 69,335 66,423 18,781 18, 183 6,13 7,833 1,688 1,889 1,933 1,993 1,581,245 2,32,61 1, 126,291 1,271,56 85, ,56 32, , ,213 5,439 67,72 143,234 2,5 3, 5 2% 2 2 % % 3,5 4, 5 14% 12,8 13,2 4 3% 3, 3, % 4,4 7, 2,6 59% 63, 63,8 8 1% 2,2 21,2 1, 5% 11,7 11,7 % 15, 16,7 1,7 11% 6 1,1 5 83% 21,6 1,5 (11,1) -51% 12,6 13,6 1, 8% 75, 65, (1,) -13% 19, 2, 1, 5% 36, 3, (6,) -17% 1, 2, 1, 1% 2,2 2,1 (1) -5% 18,8 18,8 % 4, 1 (3,) -75% 78,1 77,7 (4) -1% 33,6 31,8 (1,8) -5% 8,7 8,7 % 7,5 6,8 (7) -9% 2,6 2,3 (3) -12% 2,657, 2,64, (17,) -1% 1,3, 1,3, % 15, 15, % 225, 18, (45,) -2% 7 1,1 4 57% 2,9 2,6 (3) -1% 5,5 5,5 % 258, 25, (53,) -21% :32 PM Page 1-15

26 Tehachapi-Cummings County Water District Revenues & Expenditures - District Total (All Funds) Acct. No. Account Description Maintenance 5251 Maintenance - Pump Plants 5252 Maintenance - Nat Gas Pipeline 5253 Maintenance - Pipeline 5254 Maintenance - Reservoir 5255 Maintenance - Access Roads 5256 Maintenance - Control System 5257 Maintenance - Cogeneration Plant 5258 Maintenance - System Wells & Boosters 5259 Maintenance - Flood Control Facilities 526 Maintenance - Recharge Facilities 5261 Maintenance - Office & Grounds 5264 Customer Meters 5266 Welding Supplies 5268 Small Tools - Pumping 5269 Small Tools - Pipeline Services 5271 Outside Service 5273 Pipeline Rental 5275 Engineering 5276 Consulting 5277 Uniforms 5278 Lab Analysis 5279 Insurance & Bonds Government & Regulatory 5281 Emissions Compliance 5282 Government Fees!Taxes - Pumping 5284 Regulatory Fees - Other 5285 Certification Fees 5286 Elections 5288 Integrated Regional Water Mgmt Plan Non-Cash Expenses 5291 Bad Debt Expense TOTAL OPERATIONS & MAINTENANCE Actual Estimated 316,792 38, 25, 25, 26,939 21,736 17,4 4,711 3,75 2,45 27,692 19, ,691 6,98 18,773 4, ,492 15,13 9,583 45,47 3,946 1,829 1,18 5,963 3,155 1,184 9, 155 8,34 44,231 35,455 3,2 1,572 21,888 27,526 6,53 6,533 73,95 76,678 47,779 73,773 76,252 8,782 24,594 23, , , 119,989 5,368, Amount Pct Budget Budget Change Chg 38, 38, % 25, 25, % 35,2 31,7 (3,5-1% 24, 21,6 (2,4) -1% 4,6 4,6 % 26, 26, % 1,6 1, (6-38% 12, 15, 3, 25% 5, 41, (9,) -18% 3,1 3, (1) -3% 14, 15, 1, 7% 6, 7, 1, 17% 5,6 5,6 % 4, 4, % 2,8 2,8 % 12,7 12,6 (1) -1% 43, 1, (33,) -77% 6, 5,7 (3) -5% 24,5 24,5 % 6,2 6,4 2 3% 5 4 (1' -2% 84,9 88,4 3,5 4% 87,8 87,8 % 95, 1, 5, 5% 24,9 26,8 1,9 8% 6 6 % 19,5 (19,5) -1% 2, 1 2,1 % 8 7 (1) -13% 6,428,7 6,22,4 (226,3) -4% DEBT SERVICE Principal Payments 531 Principal - Emission Reduction C.O.P.s 532 Principal - CalPERS Side Fund Loan 533 Principal - Engine Replacement Financing Interest Expense 5311 Interest - Emission Reduction C.O.P.s 5312 Interest - CalPERS Side Fund Loan 5313 Interest - Engine Replacement Financing Debt Service Fees 5321 Service Fees - Emission Reduction C.O.P.s 5322 Cost of Issuance TOT AL DEBT SERVICE 485, 51, 252,6 289, 25,279 1,955 56,98 46,872 3, , ,937 51, (51,) -1% 289, 311,6 22,6 8% 623,2 623,2 999% 11,8 (11,8) -1% 46,9 35,5 (11,4) -24% 6, 6, 999% % % 857,7 1,3,3 172,6 2% CAPITAL OUTLAY Pumping Plants 5411 Replacement Pumps 5412 Pump Plant Improvements 5413 Control System Improvements 5414 Engine Replacement 8/1 1/215 3:32 PM 194,72 135, 43,18 29,14 13,215 6,81 63,3 135, 113, (22,) -16% 24, 358, 334, 999% 1, 1,75, 1,74, 999% 2, 5,2, 5,18, 999% Page 1-16

27 Tehachapi-Cummings County Water District Revenues & Expenditures - District Total (All Funds) Acct. Account Description No Engine Overhauls Transmission System 5444 Cross Valley Canal Expansion 5445 Transmission System Meters 5446 Pipeline Extensions 5447 Cogen Plant Improvements 5449 Pipeline ReplacemenURehabilitation General Office, Shop & Equipment 5451 Vehicles 5452 Shop Building Construction 5455 Equipment 5456 Building Improvements 5457 Water System - Office & Campground 5468 Engineering - Grant Assistance 5469 Urban Water Management Plan Water Reclamation 5482 Groundwater Studies 5483 Recycled Water Pipeline 5485 Recovery Well Improvements 5486 Recharge Ponds - Cummings Valley Flood Control Facilities 5491 Antelope Run Project TOT AL CAPITAL OUTLAY TOTAL EXPENDITURES NET INCOME (LOSS) TRANSFERS IN TRANSFERS OUT NETTO(FROM)RESERVES Actual Estimated 15,571 4,493 13, 81,663 11,28 57,838 35, 5, ,237 5,113 9,154 22,62 11,45 78,696 14, ,88 838, 133 8,661,423 9,272,187 2,42,25 1,36,987 1,32, ,759 (1,32,565) (786,759) 2,42,25 1,36, Amount Pct Budget Budget Chanqe Chg 2, 2, 999% % 41, 8, (33,) -8% 6, (6,) -1% 19,5 19,5 999% 8, 8, 999% 114, 7, (44,) -39% 25, 186, (19,) -9% 325, 136, (189,) -58% 1, 1, 9, 9% 15, 15, % % 1, 1, 999% 11, (11,) -1% 999% 18, (18,) -1% % % 1,249, 8,335,5 7,86,5 567% 1,874,7 17,897,4 7,22,7 65% (548,4) (512,6) 35,8 11,6 1, (1,6) (11,6) (1,) 1,6 (548,4) (512,6) 35, :32 PM Page 1-17

28 Blank Page Page 1-18

29 General Fund Summary Page 2-1

30 Tehachapi-Cummings County Water District Revenues & Expenditures - General Fund Summary Revenues Operating Revenues Amount Pct Actual Estimated Budget Budget Change Chg Water Sales - Imported 2,879,724 2,671,798 2,862, 2,927, 65, 2% Water Sales - Surplus 1,329,919 24,53 196,4 25, 8,6 4% Water Sales - Recycled 27,32 32, , 65, 17, 35% Water Services 155,534 65,223 69, 5,9 (18, 1) -26% Other Operating Revenues 68, ,59 257,4 136,7 (12,7) -47% Total Operating Revenues 4,46,51 3,199,32 3,432,8 3,384,6 (48,2) -1% Non-Operating Revenues General Taxes 4,277,555 4,812, 18 4,533,5 4,83,2 296,7 7% Special Taxes % Benefit Assessments % Other Revenues 14,113 16,642 13,5 13,5 % Loan Proceeds 6,95, 6,95, 999% Capital Contributions 58,85 19,959 15, 2, (85,) -81 % Operating Grants % Capital Grants % Total Non-Operating Revenues 4,35,473 4,848,79 4,652, 11,813,7 7,161,7 154% Total Revenues 8,81,974 8,47,741 8,84,8 15,198,3 7, 113,5 88% Expenditures Salaries & Benefits Salaries & Wages 1,448, 159 1,437, 162 1,497,8 1,532,6 34,8 2% Benefits 78,53 73,83 735,1 743,8 8,7 1% Total Salaries & Benefits 2,156,212 2, 14,992 2,232,9 2,276,4 43,5 2% Operations & Maintenance Administrative/General 35, ,65 315,6 324,9 9,3 3% Utilities 34,212 33,454 35, 41,9 6,9 2% Automobiles & Equipment 97,75 96,321 13,5 127,3 (3,2) -2% System Operations 2,28,53 1,726,599 1,897, 1 1,799,2 (97,9) -5% Maintenance 559, ,17 597,9 65,3 7,4 1% Services 143, , ,8 123, (36,8) -23% Government & Regulatory 136, , ,8 22,8 (14,) -6% Non-Cash Expenses 8 7 (1) -13% Total Operations & Maintenance 3,485,398 2,979,679 3,353,5 3,225,1 (128,4) -4% 8/11 /21 52:2 PM Page 2-2

31 Tehachapi-Cummings County Water District Revenues & Expenditures - General Fund Summary Amount Pct Actual Estimated Budget Budget Change Chg Debt Service Principal Payments 252,6 289, 289, 934,8 645,8 223% Interest Expense 56,98 46,872 46,9 95,5 48,6 14% Debt Service Fees 27,11 % Total Debt Service 39,58 362, ,9 1,3,3 694,4 27% Capital Outlay Land % Pumping Plants 25, ,98 189, 7,621, 7,432, 999% Mainline Pipeline % Dam & Reservoir % Transmission System 15,571 53,493 11, 17,5 6,5 6% General Office, Shop & Equipment 195, , , 67, (62,) -9% Emissions Reduction % Water Reclamation & Recovery 1, ,241 29, (29,) -1% Flood Control Facilities % Total Capital Outlay 562,88 838, 133 1,249, 8,335,5 7,86,5 567% Total Expenditures 6,513,278 6,321,786 7, 171,3 14,867,3 7,696, 17% Income Before Transfers 2,297,696 1,725, ,5 331, (582,5) Transfers In 1,759 1,6 1, 98,4 Transfers Out (1,32,565) (785,) (1,) 1, Total Transfers (1,32,565) (783,241) (98,4) 1, 198,4 Net To (From) Reserves 977, , ,1 431, (384, 1) 8/1 1/2152:2 PM Page 2-3

32 Blank Page Page 2-4

33 Projected Reserves, Revenues and Expenditures - General Fund Page 2-5

34 TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT Projected Reserves, Revenues & Expenditures - General Fund July 1, 215 to June 3, 216 Water Major Repair Tax Rev. Rate Total Fund: General Emergency Banking & Overhaul Liability Stabiliz'n General (fund 7) (fund 71) (fund 72) (fund 81) (fund 85) (fund 87) Fund BEGINNING BALANCE ON JULY 1, 215 $3,289, $33,2 $1,558,4 $1,216,7 $354,7 $33, $7,25, REVENUES Operating Revenues Water Sales 3,197, 3,197, Water Services 5,9 5,9 Other Operating Revenue 136,7 136,7 Total Operating Revenues 3,384,6 3,384,6 Non-Operating Revenues General Taxes 4,83,2 4,83,2 Special Taxes Benefit Assessments Other Revenue 6,963,5 1,1 5, 4,6 1,3 1, 1 6,976,6 Capital Contributions 2, 2, Operating Grants Capital Grants Total Non-Operating Revenues 11,813,7 1,1 5, 4,6 1,3 1, 1 11,826,8 TOTAL REVENUES 15, 198,3 1, 1 5, 4,6 1,3 1, 1 15,211,4 TRANSFERS FROM OTHER FUNDS: Repayment from Prop 84 Grant (fd 84) 1, 1, Dedicated Reserve from General Fund TOTAL TRANSFERS IN 1, 1, TOTAL AVAILABLE DURING BUDGET YEAR 18,587,3 34,3 1,563,4 1,221,3 356, 34,1 22,336,4 EXPENDITURES: Salaries/Benefits 2,276,4 2,276,4 Maintenance/Operations 3,225, 1 3,225,1 Debt Service 1,3,3 1,3,3 Capital Outlay 8,335,5 8,335,5 TOTAL EXPENDITURES 14,867,3 14,867,3 TRANSFERS TO OTHER FUNDS: Cash Flow for Grant to Prop 84 Grant (fd 84) To Dedicated Reserve Funds TOTAL TRANSFERS OUT TOTAL EXPENDITURES AND TRANSFERS OUT 14,867,3 14,867,3 ENDING BALANCE ON JUNE 3, 216 3,72, 34,3 1,563,4 1,221,3 356, 34,1 7,469,1 l5es1g-nafiol\is days Working Capital 3,72, 3,72, Capital Improvement Asset Replacement 1,221,3 1,221,3 Rate Stabilization 34, 1 34,1 Contingency 1,563,4 1,563,4 Tax Revenue Liability 356, 356, Emergency 34,3 34,3 Total Designated 3,72, 34,3 1,563,4 1,221,3 356, 34,1 7,469, 1 Undesignated 8/11/215 1 :52 PM Page 2-6

35 Capital Expenditure Budget Page 2-7

36 TEHACHAPI - CUMMINGS COUNTY WATER DISTRICT CAPITAL EXPENDITURE BUDGET FY Fund I Department Budget General I Administration 5455-AD 12, 5455-AD 6, 5456-AD 1, 5457-AD 15, 5469-AD 1, Subtotal $ 287, Purpose of Expenditure Office furniture & shelving ($5K carryover) New computer software initial costs (carryover) Office reconfiguration I new boardroom Storage tank - office potable water system (carryover) Regional Urban Water Management Plan ($8K reimbursed) General I Pipeline 5447-PI 7, PI 12, 5449-PI 8, 5451-PI 7, 5452-PI 1, 5452-PI 1, 5452-PI 16, 5452-PI 15, 5455-PI 5, 5455-PI 2, Subtotal $ 38,5 Paving - Cogen Plant Pipe reconstruction - Cogen Plant Mainline condition assessment - turnout to PP1 3/4-ton, 4WD, SRW, extended cab truck, equipped Fuel island relocation (carryover) Machine & welding shop relocation (carryover) Storage building interior improvements (carryover) Paving - storage building perimeter/office parking (carryover) Trash pumps & hoses Manlift - all terrain, propane (carryover) General I Pumping 5411-PP 73, 5411-PP 4, 5412-PP 8, 5412-PP 15, 5412-PP 2, 5413-PP 1,75, 5414-PP 5,2, 5415-PP 2, 5445-PP 8, 5455-PP 15, 5455-PP 16, 5455-PP 8, Subtotal $ 7,668, New 7-stage pump New 3-stage pump Exterior steel door - Pump Plant 5 Mainline screen upstream of Pump Plant 1 Heat exchanger rebuild (3) Control system project - Pump Plants 2-4 (financed) Pump Plant 1 engine replacement project (financed) Parts - overhaul three Superior engines 12" mag meter - spare Valve refacing machine Commercial power washer Vibration testing equipment District Total $ 8,335,5 Printed: 8/l 1/215 2:2 PM Page 2-8

37 General Fund Account Detail Page 2-9

38 Tehachapi-Cummings County Water District Revenues & Expenditures - General Fund (fund 7) Acct. Account Description No. Actual REVENUES Operating Revenues Water Sales 411 Water Sales - Agriculture 1,728, Water Sales - Term M & I 778, Water Sales - Regular M & I 158, Water Sales - Wheeled Water 214, Water Sales - Surplus 1,329, Water Sales - Recycled Water 27,32 Water Services 4111 Recurring Service Charges 8, Recharge Surcharge - Cummings 18, Recharge Surcharge - Tehachapi 4115 Connection Fees 1, Delinquent Charges 1, Spreading Loss Surcharge 27, Capital Recovery Surcharge 98, 175 Other Operating Revenues 4122 Reimbursement - Health Insurance 17, Reimbursement - Flood Control Maint Reimbursement - ACWA-JPIA Premium 9, Reimbursement - Insurance Claims 4126 Reimbursement - Other Operating 23, Other Operating Revenue 8, Reimbursement - Groundwater Studies 9,76 Non-Operating Revenues General Taxes 421 Current Year Property Taxes 4,36, Prior Year Property Taxes (163,153) 423 Homeowners Property Tax Relief 33, Redevelopment Agency Pass-through 43, Property Tax - Penalties/Other 3,132 Other Revenues 4231 Interest Earnings 14, Loan Proceeds Capital Contributions 4244 Reimbursement - New Connections 58,85 Operating Grants 4252 Ooeratino Grant - State TOTAL REVENUES 8,81, Estimated 1,816, ,185 17, ,76 24,53 32,891 9,328 17, ,99 25,477 1,226 2,654 17,453 19,556 76,927 4,734,498 1,711 34,23 39, 139 2,737 16,642 19,959 8,47, Amount Pct Budget Budget Change Chg 2,6, 2,13, 7, 3% 64, 595, (45, -7% 6, 27, (33, -55% 12, 175, 73, 72% 196,4 25, 8,6 4% 48, 65, 17, 35% 8,3 8,6 3 4% 19,5 16,5 (3,) -15% % 2, 1, (1,) -5% 6 6 % 28,6 24,2 (4,4) -15% 1, (1,) -1% 19, 1 6,7 (12,4) -65% 2, 15, (5,) -25% 25, 5, (2,) -8% % 1, 2, (8,) -8% 2, 1, (1,) -5% 73,3 8, 6,7 9% 4,45, 4,75, 3, 7% 6, 3, (3,) -5% 34, 34, % 4, 4, % 3,5 3,2 (3) -9% 13,5 13,5 % 6,95, 6,95, 999% 15, 2, (85,) -81% % 8,84,8 15,198,3 7, 11 3,5 88% 8/11/215 2:13 PM Page 2-1

39 Tehachapi-Cummings County Water District Revenues & Expenditures - General Fund (fund 7) Acct. Account Description No. Actual EXPENDITURES SALARIES & BENEFITS Salaries & Wages 5112 Salaries & Wages 1,429, Overtime & Holiday 19,52 Benefits 5121 FICA 17, Workers Compensation 33, Unemployment 1, Health Insurance 321, Health Insurance - Reimbursable 18, Retirement 215, Tuition Reimbursements Retiree Medical Annual Req'd Contribution TOTAL SALARIES & BENEFITS 2,156, Estimated 1,419,91 17,252 17, ,28 19,24 316, , , , 14, Amount Pct Budget Budget Change Chg 1,482, 1,514,8 32,8 2% 15,8 17,8 2, 13% 113,9 117,3 3,4 3% 35, 1 34,3 (8) -2% 2, 2, 999% 348,7 334,4 (14,3) -4% 19, 1 6,7 (12,4) -65% 25,7 218,6 12,9 6 % 2,1 2, (1) -5% % 2,232,9 2,276,4 43,5 2% OPERA T/ONS & MAINTENANCE Administrative/General 521 Public Information & Notices 1, Books/Periodicals/Subscriptions 523 Printing 1, Postage & Shipping 2, Office Supplies 12, Office Computer & Machinery 16, Bank & Administrative Services 4, County Collection Charges 57, Memberships 18, Directors' Fees 9, Training & Travel 14, Recruitment Awards & Recognition 8, Safety Program & Supplies 11, Legal 119, Audit 18, Water Conservation Program 9,35 Utilities 5221 Electricity - Office/Shops 9, Natural Gas - Office/Shops 2, Phone - Facility & Cellular 19, Phone - Control System 3,759 Automobiles & Equipment 5231 Auto/Equipment - Gas & Oil 69, Automobile Repair 18, Equipment Repairs 6, Equipment Rentals 1, Shop Supplies 1,933 System Operations 5242 Natural Gas - Pumping 1,126, Engine Oil & Fluids- Pumping 85, Electricity - Pumping 32, Electricity - Pipeline Operation of Joint Turnout 8/1 1/215 2:13 PM 1, ,567 13,667 32,635 5,575 59,6 2, 113 9,6 22, 14 1,958 1,442 12,981 57,359 18, ,33 12,3 1,242 17,415 2,794 66,423 18, 183 7,833 1,889 1,993 1,271,56 85,56 219, , 5 1% 2 2 % 5 5 % 3,5 4, 5 14% 12,8 13,2 4 3% 3, 3, % 4,4 7, 2,6 59% 58, 59,2 1,2 2% 2,2 21,2 1, 5% 11, % 15, 16,7 1,7 11 % 6 1,1 5 83% 21,6 1,5 (11,1 ) -51 % 12,6 13,6 1, 8% 75, 65, (1,) -13% 19, 2, 1, 5% 3, 5, 2, 67% 1, 2, 1, 1% 2,2 2,1 (1) -5% 18,8 18,8 % 4, 1, (3,) -75% 78, 1 77,7 (4) -1% 33,6 31,8 (1,8) -5% 8,7 8,7 % 7,5 6,8 (7) -9% 2,6 2,3 (3) -12% 1,3, 1,3, % 15, 15, % 225, 18, (45,) -2% 7 1,1 4 57% 2,9 2,6 (3) -1% Page 2-11

40 Tehachapi-Cummings County Water District Revenues & Expenditures - General Fund (fund 7) Acct. Account Description No. Actual 5248 Cross Valley Canal & M 5249 Source of Supply - Recycled & Other 5,213 67,72 Maintenance 5251 Maintenance - Pump Plants 5252 Maintenance - Nat Gas Pipeline 5253 Maintenance - Pipeline 5254 Maintenance - Reservoir 5255 Maintenance - Access Roads 5256 Maintenance - Control System 5257 Maintenance - Cogeneration Plant 5258 Maintenance - Wells & Boosters 526 Maintenance - Recharge Facilities 5261 Maintenance - Office & Grounds 5264 Customer Meters 5266 Welding Supplies 5268 Small Tools - Pumping 5269 Small Tools - Pipeline 316,792 25, 26,939 17,4 3,75 27, ,691 13,492 9,583 3,946 1, 18 3, 155 Services 5271 Outside Service 5273 Pipeline Rental 5275 Engineering 5276 Consulting 5277 Uniforms 5278 Lab Analysis 5279 Insurance & Bonds 7, ,231 3,2 21,888 6,53 6,737 Government & Regulatory 5281 Emissions Compliance 5282 Government Fees/Taxes - Pumping 5284 Regulatory Fees - Other 5285 Certification Fees 5286 Elections 5288 Integrated Regional Water Mgmt Plan 47,779 76,252 11, Non-Cash Expenses 5291 Bad Debt Expense TOTAL OPERATIONS & MAINTENANCE 3,485, Estimated 5, ,234 38, 25, 21,736 4,711 2,45 19, , ,13 45,47 1,829 5,963 1, 184 8,34 35,455 1,572 27,526 6,533 57,75 73,773 8,782 9,691 8,629 2,979, Amount Pct Budget Budget Change Chg 5,5 5,5 % 258, 25, (53, -21% 38, 38, % 25, 25, % 35,2 31,7 (3,5-1% 24, 21,6 (2,4-1% 4,6 4,6 % 26, 26, % 1,6 1, (6) -38% 12, 15, 3, 25% 3,1 3, (1) -3% 14, 15, 1, 7% 6, 7, 1, 17% 5,6 5,6 % 4, 4, % 2,8 2,8 % 1,7 1,6 (1) -1% 43, 1, (33,) -77% 5, 4,7 (3) -6% 24,5 24,5 % 6,2 6,4 2 3% 5 4 (1) -2% 69,9 66,4 (3,5) -5% 87,8 87,8 % 95, 1, 5, 5% 11,8 12,3 5 4% 6 6 % 19,5 (19,5) -1% 2,1 2,1 % 8 7 (1) -13% 3,353,5 3,225,1 (128,4) -4% DEBT SERVICE Principal Payments 532 Principal - CalPERS Side Fund Loan 252,6 533 Principal - Engine Replacement Financing Interest Expense 5312 Interest - CalPERS Side Fund Loan 56, Interest - Engine Replacement Financing Debt Service Fees 5322 Cost of Issuance TOT AL DEBT SERVICE 39,58 289, 46, , , 311,6 22,6 8% 623,2 623,2 999% 46,9 35,5 (11,4) -24% 6, 6, 999% % 335,9 1,3,3 694,4 27% CAPITAL OUTLAY Pumping Plants 5411 Replacement Pumps 194, Pump Plant Improvements 43, , 29, , 113, (22,) -16% 24, 358, 334, 999% 8/11 /215 2: 13PM Page 2-12

41 Tehachapi-Cummings County Water District Revenues & Expenditures - General Fund (fund 7) Acct. Account Description No. Actual 5413 Control System Improvements 13, Engine Replacement 5415 Engine Overhauls Transmission System 5444 Cross Valley Canal Expansion 5445 Transmission System Meters 15, Pipeline Extensions 5447 Cogen Plant Improvements 5449 Pipeline ReplacemenURehabilitation General Office, Shop & Equipment 5451 Vehicles 81, Shop Building Construction 57, Equipment 5, Building Improvements 5, Water System - Office & Campground 5468 Engineering - Grant Assistance 5469 Urban Water Management Plan Water Reclamation & Recovery 5482 Groundwater Studies 22, Recycled Water Pipeline 5485 Recovery Well Improvements 78, Recharqe Ponds - Cumminqs Valley TOT AL CAPITAL OUTLAY 562,88 TOTAL EXPENDITURES 6,513,278 NET INCOME (LOSS) 2,297,696 TRANSFERS IN TRANSFERS OUT (1,32,565) NETTO(FROM)RESERVES 977, Estimated 6,81 63,3 4,493 13, 11,28 35, 271,237 9,154 11,45 14, , 133 6,321,786 1,725,955 1,759 (785,) 942, Amount Pct Budget Budget Change Chg 1, 1,75, 1,74, 999% 2, 5,2, 5, 18, 999% 2, 2, 999% % 41, 8, (33, -8% 6, (6,) -1% 19,5 19,5 999% 8, 8, 999% 114, 7, (44,) -39% 25, 186, (19,) -9% 325, 136, (189,) -58% 1, 1, 9, 9% 15, 15, % % 1, 1, 999% 11, (11,) -1% 999% 18, (18,) -1% % 1,249, 8,335,5 7,86,5 567% 7,171,3 14,867,3 7,696, 17% 913,5 331, (582,5) 1,6 1, 98,4 (1,) 1, 815, 1 431, (384, 1) 8/11 /215 2: 13 PM Page 2-13

42 Blank Page Page 2-14

43 Administration Department Page 2-15

44 Tehachapi-Cummings County Water District Expenditures - Administration Dept. (dept. AD) Acct. Account Description No. EXPENDITURES SALARIES & BENEFITS Salaries & Wages 5112 Salaries & Wages 5114 Overtime & Holiday Benefits 5121 FICA 5122 Workers Compensation 5123 Unemployment 5124 Health Insurance 5125 Health Insurance - Reimbursable 5127 Retirement 5128 Tuition Reimbursements 5131 Retiree Medical Annual Req'd Contribution TOTAL SALARIES & BENEFITS Actual Estimated 462,363 55,47 21 {1,718) 32,959 36,442 3,224 2,372 88,46 94,884 18,425 18,722 7,69 67, , , Amount Pct Budget Request Change Chg 471,9 544,6 72,7 15% 1 1 % 35,9 41,7 5,8 16% 3,2 3,1 (1) -3% % 98,3 96,5 (1,8) -2% 19, 1 6,7 (12,4) -65% 67,1 72,8 5,7 8% 1,1 1, (1) -9% % 77,2 777, 69,8 1% OPERA T/ONS & MAINTENANCE Administrative/General 521 Public Information & Notices 522 Books/Periodicals/Subscriptions 523 Printing 524 Postage & Shipping 525 Office Supplies 526 Office Computer & Machinery 527 Bank & Administrative Services 528 County Collection Charges 529 Memberships 521 Directors' Fees 5211 Training & Travel 5213 Recruitment 5214 Awards & Recognition 5215 Safety Program & Supplies 5216 Legal 5217 Audit 5219 Water Conservation Program Utilities 5221 Electricity - Office/Shops 5222 Natural Gas - Office/Shops 5226 Phone - Facility & Cellular Automobiles & Equipment 5231 Auto/Equipment - Gas & Oil 5232 Automobile Repair 5234 Equipment Rentals System Operations 5248 Cross Valley Canal & M 5249 Source of Supply - Recycled & Other Maintenance 5261 Maintenance - Office & Grounds 1, 139 1, , ,351 3,567 12,429 13,667 16,757 32,635 4,473 5,575 57,37 59,6 18,467 2, 113 9,8 9,6 9,287 19, ,451 1,442 7,883 9, ,426 57,359 18,486 18, 144 9,35 16,33 9,345 12,3 2,56 1,242 19,52 17,415 5,582 6, , ,213 5,439 67,72 143,234 13,492 15,13 5 1, 5 1% 2 2 % 5 5 % 3,5 4, 5 14% 12,8 13,2 4 3% 3, 3, % 4,4 7, 2,6 59% 58, 59,2 1,2 2% 2,2 21,2 1, 5% 11,7 11,7 % 9, 11, 2, 22% % 21,6 1,5 (11,1) -51 % 9, 1, 1, 11% 75, 65, (1,) -13% 19, 2, 1, 5% 3, 5, 2, 67% 1, 2, 1, 1% 2,2 2,1 (1) -5% 18,8 18,8 % 7,9 7,5 (4) -5% 2,2 2,2 % 6 6 % 5,5 5,5 % 258, 25, (53,) -21 % 14, 15, 1, 7% 8/11/215 2:13 PM Page2-16

45 Tehachapi-Cummings County Water District Expenditures - Administration Dept. (dept. AD) Acct. No. Account Description Services 5271 Outside Service 5275 Engineering 5276 Consulting 5279 Insurance & Bonds Government & Regulatory 5284 Regulatory Fees - Other 5285 Certification Fees 5286 Elections 5288 Integrated Regional Water Mgmt Plan Non-Cash Expenses 5291 Bad Debt Expense TOTAL OPERATIONS & MAINTENANCE Actual Estimated 3,55 4,89 1,2 1,572 21,888 27,526 6,737 57,75 3,746 1, , ,116,247 58, Amount Pct Budget Request Change Chg 4,5 4,5 % 2,5 2,2 (3) -12% 22,5 22,5 % 69,9 66,4 (3,5) -5% 4, 4, % 3 3 % 19,5 (19,5) -1% 2,1 2,1 % 8 7 (1) -13% 75,9 694,4 (56,5) -8% DEBT SERVICE Principal Payments 532 Principal - CalPERS Side Fund Loan 533 Principal - Engine Replacement Financing Interest Expense 5312 Interest - CalPERS Side Fund Loan 5313 Interest - Engine Replacement Financing Debt Service Fees 5322 Cost of Issuance TOTAL DEBT SERVICE CAPITAL OUTLAY General Office, Shop & Equipment 5451 Vehicles 5455 Equipment 5456 Building Improvements 5457 Water System - Office & Campground 5468 Engineering - Grant Assistance 5469 Urban Water Management Plan Water Reclamation 5482 Groundwater Studies TOT AL CAPITAL OUTLAY TOTAL EXPENDITURES 252,6 289, 56,98 46, ,58 362,982 39,292 33,935 26,237 5, 113 9, ,11 185,88 2,173,252 1,862, , 311,6 22,6 8% 623,2 623,2 999% 46,9 35,5 (11,4) -24% 6, 6, 999% % 335, ,4 27% 4, (4,) -1% 8, 72, (8,) -1% 1, 1, 9, 9% 15, 15, % % 1, 1, 999% 11 (11 ) -1% 255, 287, 32, 13% 2,49, 2,788,7 739,7 36% 8/11/215 2:13 PM Page 2-17

46 Blank Page Page 2-18

47 Pipeline Department Page 2-19

48 Tehachapi-Cummings County Water District Expenditures - Pipeline Dept. (dept. Pl) Acct. Account Description No. EXPENDITURES SALARIES & BENEFITS Salaries & Wages 5112 Salaries & Wages 5114 Overtime & Holiday Benefits 5121 FICA 5122 Workers Compensation 5123 Unemployment 5124 Health Insurance 5127 Retirement 5128 Tuition Reimbursements TOTAL SALARIES & BENEFITS OPERATIONS & MAINTENANCE Administrative/General 5211 Training & Travel 5213 Recruitment 5215 Safety Program & Supplies Automobiles & Equipment 5231 Auto/Equipment - Gas & Oil 5232 Automobile Repair 5233 Equipment Repairs 5234 Equipment Rentals 5238 Shop Supplies System Operations 5245 Electricity - Pipeline 5247 Operation of Joint Turnout Maintenance 5253 Maintenance - Pipeline 5254 Maintenance - Reservoir 5255 Maintenance - Access Roads 5257 Maintenance - Cogeneration Plant 5258 Maintenance - System Wells & Boosters 526 Maintenance - Recharge Facilities 5264 Customer Meters 5266 Welding Supplies 5269 Small Tools - Pipeline Services 5271 Outside Service 5273 Pipeline Rental 5275 Engineering 5276 Consulting 5277 Uniforms 5278 Lab Analysis Government & Regulatory 5284 Regulatory Fees - Other 5285 Certification Fees Actual Estimated 463, ,456 8,89 1,225 34,993 34,863 14,254 13,531 1,451 1,59 112, ,976 63,946 58, ,64 687,84 1,15 1,874 1,777 34,88 37,652 4,196 5,23 5,952 7, ,933 1, ,939 21,736 17,4 4,711 3,75 2, ,691 6, ,583 45,47 2, ,155 1, ,231 35,455 3,27 2,983 7,788 8, Amount Pct Budget Request Change Chg 462,9 478,8 15,9 3% 4, 6, 2, 5% 35,5 37,1 1,6 5% 14,5 15,3 8 6% % 123,4 128,5 5,1 4% 61, 1 73,1 12, 2% 5 5 % 71, ,4 5% 2,5 2,2 (3-12% 3 3 % 2, 2, % 38,5 38,5 % 18,6 16,8 (1,8-1% 7,7 7,7 % 1,7 1,5 (2) -12% 2,6 2,3 (3) -12% 7 1,1 4 57% 2,9 2,6 (3) -1% 35,2 31,7 (3,5) -1% 24, 21,6 (2,4) -1% 4,6 4,6 % 1,6 1, (6) -38% 12, 15, 3, 25% 3,1 3, (1) -3% 6, 7, 1, 17% 2,8 2,8 % 2,8 2,8 % 2,3 2,1 (2) -9% 43, 1, (33,) -77% 1, 1, % 1, 1, % 3,1 3,2 1 3% 5 4 (1) -2% 7,8 8,3 5 6% 3 3 % 8/11 /21 5 2:13 PM Page 2-2

49 Tehachapi-Cummings County Water District Expenditures - Pipeline Dept. (dept. Pl) Acct. No. Account Description TOTAL OPERATIONS & MAINTENANCE Actual Estimated 269,9 184, Amount Pct Budget Request Cha nae Chg 282, (28,8) -1% CAPITAL OUTLAY Transmission System 5446 Pipeline Extensions 5447 Cogen Plant Improvements 5449 Pipeline ReplacemenURehabilitation General Office, Shop & Equipment 5451 Vehicles 5452 Shop Building Construction 5455 Equipment Water Reclamation & Recovery 5483 Recycled Water Pipeline 5485 Recovery Well Improvements 5486 Recharge Ponds - Cumminos Vallev TOTAL CAPITAL OUTLAY TOTAL EXPENDITURES 13, 31,685 57,838 35, 16, , 78,696 14, ,962 37,836 1,154,52 1,18,289 6, (6, 1% 19,5 19,5 2% 8, 8, 2% 7, 7, 999% 25, 186, (19,) -9% 245, 25, (22,) -9% 999% 18, (18,) -1% % 69, 38 5 (39,5) -45% 1,674,5 1,373,6 (3,9) -18% 8/11 /21 5 2:13 PM Page 2-21

50 Blank Page Page 2-22

51 Pumping Department Page 2-23

52 Tehachapi-Cummings County Water District Expenditures - Pumping Dept. (dept. PP) Acct. Account Description No. EXPENDITURES SALARIES & BENEFITS Salaries & Wages 5112 Salaries & Wages 5114 Overtime & Holiday Benefits 5121 FICA 5122 Workers Compensation 5123 Unemployment 5124 Health Insurance 5127 Retirement 5128 Tuition Reimbursements TOTAL SALARIES & BENEFITS Actual Estimated 53, ,47 1,141 8,745 39,83 35,89 16,46 19,35 17,65 12,465 11,321 8,937 71, , Amount Pct Budget Request Change Chg 547,2 491,4 (55,8) -1% 11,7 11,7 % 42,5 38,5 (4,) -9% 17,4 15,9 (1,5) -9% 2, 2, 999% 127, 19,4 (17,6) -14% 77,5 72,7 (4,8) -6% 5 5 % 823, (63,7) -8% OPERATIONS & MAINTENANCE Administrative/General 5211 Training & Travel 5213 Recruitment 5215 Safety Program & Supplies Utilities 5227 Phone - Control System Automobiles & Equipment 5231 Auto/Equipment - Gas & Oil 5232 Automobile Repair 5233 Equipment Repairs 5234 Equipment Rentals System Operations 5242 Natural Gas - Pumping 5243 Engine Oil & Fluids- Pumping 5244 Electricity - Pumping Maintenance 5251 Maintenance - Pump Plants 5252 Maintenance - Nat Gas Pipeline 5256 Maintenance - Control System 5266 Welding Supplies 5268 Small Tools - Pumping Services 5271 Outside Service 5275 Engineering 5276 Consulting 5277 Uniforms Government & Regulatory 5281 Emissions Compliance 5282 Government Fees/Taxes - Pumoinq TOTAL OPERATIONS & MAINTENANCE 4,18 3, 1,958 1,529 1,352 3,759 2,794 28,945 22,268 13,922 1, ,29 1,73 1,126,291 1,271,56 85, ,56 32, ,46 316,792 38, 25, 25, 27,692 19,774 1, , 18 5,963 3,65 3,945 2, 3,26 3,55 47,779 73, ,99,251 2,214, 144 3,5 3,5 % % 1,6 1,6 % 4, 1, (3, -75% 31,7 31,7 % 12,8 12,8 % 1, 1, % 5,2 4,7 (5) -1% 1,3, 1,3, % 15, 15, % 225, 18, (45,) -2% 38, 38, % 25, 25, % 26, 26, % 2,8 2,8 % 4, 4, % 3,9 4, 1 3% 1,5 1,5 % 1, 1, % 3,1 3,2 1 3% 87,8 87,8 % % 2,32, (43 1) -2% 8/11/215 2:13PM Page 2-24

53 Tehachapi-Cummings County Water District Expenditures - Pumping Dept. (dept. PP) Acct. No. Account Description CAPITAL OUTLAY Pumping Plants 5411 Replacement Pumps 5412 Pump Plant Improvements 5413 Control System Improvements 5414 Engine Replacement 5415 Engine Overhauls Transmission System 5445 Transmission System Meters General Office, Shop & Equipment 5451 Vehicles 5455 Equipment TOT AL CAPITAL OUTLAY TOTAL EXPENDITURES Actual Estimated 194,72 135, 43,18 29,14 13,215 6,81 63,3 15,571 4,493 49,978 7, , ,185,524 3,278, Amount Pct Budget Request Change Chg 135, 113, (22,) -16% 24, 358, 334, 999% 1, 1,75, 1,74, 999% 2, 5,2, 5, 18, 999% 2, 2, 999% 41, 8, (33,) -8% 74, (74,) -1% % 34, 7,668 7, % 3,447,8 1,75, 7,257,2 21% 8/ 11 /215 2:13 PM Page 2-25

54 Blank Page Page 2-26

55 Board-designated Reserve Funds Page 2-27

56 Tehachapi-Cummings County Water District Revenues & Expenditures - Emergency (fund 71) (formerly Self-Insurance Quake) Acct. Account Description Amount Pct No. Actual Estimated Budget Budget Change Chg REVENUES Operating Revenues Other Revenues 4231 Interest Earninqs (2) -15% TOTAL REVENUES 526 1,12 1,3 11 (2) -15% EXPENDITURES OPERATIONS & MAINTENANCE Administrative/General 528 County Collection Charqes 2 2 % TOTAL OPERATIONS & MAINTENANCE 2 2 % TOTAL EXPENDITURES 2 2 % 1 NET INCOME (LOSS) 524 1,1 1,3 1,1 (2) TRANSFERS IN 137,8 31, TRANSFERS OUT NET TO <FROM) RESERVES 138,324 32,1 1,3 11 (2) 11 :43 AM 6/4/215 Page 2-28

57 Tehachapi-Cummings County Water District Revenues & Expenditures - Water Banking Reserve (fund 72) Acct. Account Description Amount Pct No. Actual Estimated Budget Budget Change Chg REVENUES Non-1Jeratinq Revenues Other Revenues 4231 Interest Earninqs % TOTAL REVENUES , 2 4% EXPENDITURES TOTAL EXPENDITURES % NET INCOME (LOSS) 3,556 4,8 5, 2 TRANSFERS IN 954, 6, TRANSFERS OUT NET TO (FROM) RESERVES ,556 4, :43 AM 6/4/215 Page 2-29

58 Tehachapi-Cummings County Water District Revenues & Expenditures - Major Repair & Overhaul (fund 81) Acct. Account Description Amount Pct No. Actual Estimated Budget Budget Change Chg REVENUES Non-Operatinq Revenues Other Revenues 4231 Interest Earninqs (1 3) -22% TOTAL REVENUES 2,324 4,432 5,9 4,6 (1 3) -22% EXPENDITURES TOTAL EXPENDITURES % NET INCOME (LOSS) 2,324 4,432 5,9 4,6 (1,3) TRANSFERS IN 599,2 23, TRANSFERS OUT NET TO (FROM) RESERVES 61, ,9 4 6 (1 3) 11 :43 AM 6/4/215 Page 2-3

59 Tehachapi-Cummings County Water District Revenues & Expenditures - Tax Revenue Liability (fund 85) Acct. Account Description Amount Pct No. Actual Estimated Budget Budget Change Chg REVENUES Non-Operatinq Revenues Other Revenues 4231 Interest Earninos (4) -24% TOTAL REVENUES 431 1,316 1,7 1,3 (4) -24% EXPENDITURES TOTAL EXPENDITURES % NET INCOME (LOSS) 431 1,316 1,7 1,3 (4) TRANSFERS IN 247,5 TRANSFERS OUT NET TO (FROM) RESERVES 247,931 1,316 1,7 1,3 (4) 11 :43 AM Page 2-31

60 Tehachapi-Cummings County Water District Revenues & Expenditures - Rate Stabilization (fund 87) Acct. Account Description Amount Pct No. Actual Estimated Budget Budget Change Chg REVENUES Non-Operating Revenues Other Revenues 4231 Interest EarninQs (2) -15% TOTAL REVENUES 1,8 1,3 11 (2) -15% EXPENDITURES TOTAL EXPENDITURES % NET INCOME (LOSS) 1,8 1,3 1,1 (2) TRANSFERS IN 27,7 31, TRANSFERS OUT NET TO <FROM) RESERVES 27, ,3 11 (2) 6/4/ :44 AM Page 2-32

61 Projected Reserves - Restricted Funds Page 3-1

62 TEHACHAPI-CUMMINGS COUNTY WATER DISTRICT Projected Reserves, Revenues & Expenditures - Restricted Funds July 1, 215 to June 3, 216 lmprovem't lmprovem't State Prop. 84 Flood Cont Total Fund: District #2 District #3 Payment Grant Assessm't Restricted (fund 76) (fund 77) (fund 82) (fund 84) (fund 86) Funds BEGINNING BALANCE ON JULY 1, 215 $ 84,5 $177, $2,335,3 $ $616,9 $3,213,7 REVENUES Operating Revenues Water Sales Water Services Other Operating Revenue Total Operating Revenues Non-Operating Revenues General Taxes 3,5 6, 9,5 Special Taxes 1,643,5 1,643,5 Benefit Assessments 17,5 17,5 Other Revenue 3 6 1, 2, 12,9 Capital Contributions Operating Grants 4, 4, Capital Grants Total Non-Operating Revenues 3,8 6,6 1,653,5 4, 19,5 2, 173,4 TOTAL REVENUES 3,8 6,6 1,653,5 4, 19,5 2, 173,4 TRANSFERS FROM OTHER FUNDS: Cash Flow for Grant from General Fund (fd 7) TOTAL TRANSFERS IN TOTAL AVAILABLE DURING BUDGET YEAR 88,3 183,6 3,988,8 4, 726,4 5,387,1 EXPENDITURES: Salaries/Benefits 52,8 52,8 Maintenance/Operations 6, 1 1,1 2,644, 25, 67, 1 2,977,3 Debt Service Capital Outlay TOTAL EXPENDITURES 6,1 1, 1 2,644, 32,8 67,1 3,3, 1 TRANSFERS TO OTHER FUNDS: Cash Flow for Grant from General Fund (fd 7) 1, 1, TOTAL TRANSFERS OUT 1, 1, TOTAL EXPENDITURES AND TRANSFERS OUT 6,1 1,1 2,644, 42,8 67,1 3,13,1 ENDING BALANCE ON JUNE 3, ,2 173,5 1,344,8 (2,8) 659,3 2,257, RESERVATIONS Reserved for Debt Service Obligations Reserved for State Water Contract Obligations 1,344,8 1,344,8 Reserved for Grant Programs (2,8) (2,8) Reserved for Flood Control Maintenance 82,2 173,5 659,3 915, Total Reserved 82,2 173,5 1,344,8 (2,8) 659,3 2,257, UNRESERVED 3:32 PM Page 3-2

63 Restricted Funds Account Detail Page 3-3

64 Tehachapi-Cummings County Water District Revenues & Expenditures - Improvement District No. 2 (fund 76) Acct. Account Description Amount Pct No. Actual Estimated Budget Budget Change Chg REVENUES Non-Operating Revenues General Taxes 421 Current Year Property Taxes 3,477 3,412 3,7 3,5 (2) -5% Other Revenues 4231 Interest Earninqs (1) -25% TOTAL REVENUES 3,779 3,716 4,1 3,8 (3) -7% EXPENDITURES OPERATIONS & MAINTENANCE Administrative/General 528 County Collection Charges % Maintenance 5259 Maintenance - Flood Control Facilities 8 6 (2 ) -25% TOTAL OPERATIONS & MAINTENANCE ,1 6,1 (2,) -25% TOTAL EXPENDITURES ,1 6,1 (2,) -25% NET INCOME (LOSS) 3,735 3,672 (4,) (2,3) 1,7 TRANSFERS IN TRANSFERS OUT NET TO (FROM) RESERVES 3,735 3,672 (4,) (2 3) 1,7 11 :37 AM 6/4/21 5 Page 3-4

65 Tehachapi-Cummings County Water District Revenues & Expenditures - Improvement District No. 3 (fund 77) Acct. Account Description Amount Pct No. Actual Estimated Budget Budget Change Chg REVENUES Non-Operatinq Revenues General Taxes 421 Current Year Property Taxes 5,868 5,919 6,4 6, (4) -6% 424 Redevelopment Agency Pass-through 33 3 (3) -1% Other Revenues 4231 Interest EarninQs (1) -14% TOTAL REVENUES 6,819 6,555 7,4 6,6 (8) -11% EXPENDITURES OPERATIONS & MAINTENANCE Administrative/General 528 County Collection Charges % 5259 Maintenance - Flood Control Facilities (2 ) -17% TOTAL OPERATIONS & MAINTENANCE 2,695 3,86 12, 1 1,1 (2,) -17% TOTAL EXPENDITURES 2,695 3,86 12, 1 1,1 (2,) -17% NET INCOME (LOSS) 4,124 3,469 (4, 7) (3,5) 1,2 TRANSFERS IN TRANSFERS OUT NET TO (FROM) RESERVES 4,124 3,469 (4,7) (3,5) 1,2 11 :38 AM 6/4/215 Page 3-5

66 Tehachapi-Cummings County Water District Revenues & Expenditures - State Payment (fund 82) Acct. Account Description No. Actual REVENUES Non-Operatinq Revenues Special Taxes 4211 Current Year State Payment Tax 1,74, Prior Year State Payment Tax (22,53) 4213 Homeowners Property Tax Relief 17, Redevelopment Agency Pass-through 4215 State Payment Tax - Penalties/Other 15,855 Other Revenues 4231 Interest Earninqs TOTAL REVENUES 1,76,272 EXPENDITURES OPERA T/ONS & MAINTENANCE Administrative/General 528 County Collection Charges 4,393 System Operations 5241 Source of Supply - KCWA Contract TOTAL OPERATIONS & MAINTENANCE 1, TOTAL EXPENDITURES 1,585,638 NET INCOME (LOSS) 174,634 TRANSFERS IN TRANSFERS OUT NET TO (FROM) RESERVES 174, Estimated 1,881,82 34,432 1,132 23, ,961,329 4, , ,37,431 (76, 12) (76, 12) Amount Pct Budget Budget Change Chg 1,62, 1,586,5 (33,5) -2% 3, 25, (5,) -17% 17, 17, % 13, (13,) -1% 15, 15, % 12 1 (2 ) -17% 1,77, 1,653,5 (53,5) -3% 4,4 4, (4-9% ,64 (17 ) -1% ,644 (17,4) -1% 2,661,4 2,644, (17,4) -1% (954,4) (99,5) (36, 1) (954,4) (99 5) (36, 1) 2:43 PM 8/11/215 Page 3-6

67 Tehachapi-Cummings County Water District Revenues & Expenditures - Emissions Reduction Debt Service (fund 83) Acct. Account Description Amount Pct No. Actual Estimated Budget Budget Change Chg REVENUES Non-Operatinq Revenues Other Revenues 4231 Interest Earninqs 12 1 % TOTAL REVENUES 12 1 % EXPENDITURES OPERA T/ONS & MAINTENANCE Administrative/General 528 County Collection Charqes 3 3 % TOTAL OPERATIONS & MAINTENANCE 3 3 % DEBT SERVICE Principal Payments 531 Principal - Emission Reduction C.O.P.s 485, 51, 51, (51,) -1% Interest Expense 5311 Interest - Emission Reduction C.O.P.s 25,279 11,73 11,8 (11,8) -1% Debt Service Fees 5321 Service Fees - Emission Reduction C.O.P.s % TOTAL DEBT SERVICE 513, ,73 521,8 (521,8) -1% TOTAL EXPENDITURES 513, , ,8 (521,8) -1% NET INCOME (LOSS) (513,455) (521,723) (521,8) 521,8 TRANSFERS IN 15,365 TRANSFERS OUT (1,759) (1,6) 1,6 NET TO (FROM) RESERVES (498,9) (523,482) (523,4) 523,4 11 :38 AM 6/4/215 Page 3-7

68 Tehachapi-Cummings County Water District Revenues & Expenditures - Prop 84 IRWM Grant (fund 84) Acct. Account Description Amount Pct No. Actual Estimated Budget Budget Change Chg REVENUES Operating Revenues Other Revenues 4231 Interest Earnings 98 % Operating Grants 4252 Operatinq Grant - State , % TOTAL REVENUES 211,829 4, 4, % EXPENDITURES SALARIES & BENEFITS Salaries & Wages 5112 Salaries & Wages 51,3 75,4 4, (35,4) -47% 5114 Overtime & Holiday 4,122 2,5 2,5 999% Benefits 5121 FICA 3,57 5,8 3,3 (2,5) -43% 5122 Workers Compensation (5) -56% 5124 Health Insurance 5,774 2,6 4,4 (16,2) -79% 5127 Retirement 4,21 3,7 2,2 (1,5) -41 % 5128 Tuition Reimbursements % TOTAL SALARIES & BENEFITS 69,488 16,4 52,8 (53,6) -5% OPERATIONS & MAINTENANCE Administrative/General 5219 Water Conservation Proqram (8 ) -24% TOTAL OPERATIONS & MAINTENANCE 261,54 33, 25 (8,) -24% TOTAL EXPENDITURES 33, ,4 32,8 (133,6) -31 % 1 NET INCOME (LOSS) (119,163) (36,4) 97,2 133,6 TRANSFERS IN 5, 1, 1, (1,) TRANSFERS OUT (1,) (1,) NET TO (FROM) RESERVES 5, (19,163) 63,6 (2 8) (66,4) 11 :38 AM 6/4/2 1 5 Page 3-8

69 Tehachapi-Cummings County Water District Revenues & Expenditures - Flood Control Benefit Assessment (fund 86) Acct. Account Description Amount Pct No. Actual Estimated Budget Budget Change Chg REVENUES Non-Operatinq Revenues Benefit Assessments 4221 Current Year Benefit Assessments 99,914 1,328 96, 97, 1, 1% 4222 Prior Year Benefit Assessments 1,874 9,73 7, 7,5 5 7% 4224 Benefit Assessment - Penalties/Other 5,755 5,5 3, 3, % Other Revenues 4231 Interest Earninqs % TOTAL REVENUES 118, ,534 18, 19,5 1,5 1% EXPENDITURES OPERA T/ONS & MAINTENANCE Administrative/General 521 Public Information & Notices 1,278 1,618 2, 2, % 523 Printing % 528 County Collection Charges % Maintenance 5259 Maintenance - Flood Control Facilities 16, 164 7,138 3, 25, (5,) -17% Services 5271 Outside Service 2, 2, 2, 2, % 5275 Engineering 1, 1, % 5279 Insurance & Bonds 13,213 21,751 15, 22, 7, 47% Government & Regulatory 5284 Requlatorv Fees - Other , % TOTAL OPERATIONS & MAINTENANCE 46,29 46,682 63, ,5 6% TOTAL EXPENDITURES 46,29 46,682 63,6 67,1 3,5 6% NET INCOME (LOSS) 72,237 7,852 44,4 42,4 (2,) TRANSFERS IN TRANSFERS OUT NET TO (FROM) RESERVES 72,237 7,852 44, (2,) 11 :38 AM 6/4/215 Page 3-9