CITY OF BOISE Airport Fund Statement of Net Assets as of Apr. 30, 2011

Transcription

1 CITY OF BOISE Airport Fund Statement of Net Assets as of Apr. 30, 2011 ASSETS 4/30//11 4/30/10 Current assets: Cash $ (59,052) $ 30,348 Investments 18,312,630 16,897,055 Invest-Pfc 9,837,602 13,408,992 Invest-Car Rental Facility 4,619,408 3,886,326 Invest-Parking Garage 5,020,860 3,526,896 Invest-Airport Land Sale 0 0 Accounts Receivable 1,369,041 Less Reserve Bad Debt -28,383 1,340, ,029 Interest Receivable 132, ,832 Grants Receivable 291, ,864 Advances-Other Funds 73,836 80,907 Due from Other Funds 28,294 20,430 Inventory-Supplies 809, ,015 Prepaid Commerce Street 0 0 Prepaid Rent 0 0 Prepaid Other 97,953 92,243 Total Current Assets 40,506,332 39,967,937 Noncurrent assets: Deferred Bond Financing Costs 484, ,661 Discount of Bonds Payable 0 509,112 Employee Advances Receivable 7,142 8,079 Total Noncurrent Assets 491,942 1,105,852 Restricted Assets: Restricted Investment-PTT 472, ,549 Terminal Bond Payment Fund 13,533 2 Total Restricted Assets 486, ,551 Capital Assets: Land 18,371,941 18,510,822 Buildings 125,852, ,594,419 Runways & Taxiways, Other Improvements 89,645,994 87,220,161 Machinery & Equipment 30,509,770 31,730,430 Software 217, ,977 Other Capital Assets 559, ,004 Constr. in Progress-booked 4,409,483 4,832,791 Constr. in Progress-Current Year 2,660,230 3,132,461 Less Accum. Depreciation -109,420, ,365, ,478,330 Total Capital Assets (Net of Accum. Depreciation) 162,806, ,255,735 Total assets $ 204,291,349 $ 209,802,075 1

2 Airport Fund Statement of Net Assets Page 2 4/30//11 4/30/10 LIABILITIES Current Liabilities: Accounts Payable $284,462 $274,555 Bonds Payable-Prkg Garage, Current 1,360,000 1,305,000 Bonds Payable-Terminal Expansion, Current 1,400,000 1,140,000 Contracts Payable 0 0 Accrued Payroll & Taxes Liability 253, ,025 Other Payables 1,363, ,452 Due to Other Funds 593, ,476 Total Current Liabilities 5,255,185 3,774,508 Noncurrent Liabilities: Compensated absences 344, ,436 Premium/Deferred Refunding** 908,436-7,203 LOC-Terminal Construction Bonds Payable-Parking Garage** 0 1,360,000 Bonds Payable-Terminal Expansion** 31,080,000 42,725,000 Total noncurrent liabilities 32,332,841 44,438,526 * Total Liabilities 37,588,026 48,213,034 NET ASSETS Investment in capital assets, net of related debt 130,474, ,817,209 Unreserved (deficit) 36,229,171 37,771,832 Total Net Assets $ 166,703,323 $ 161,589,041 * Does not include $6,458,731 in outstanding PO encumbrances. ** Parking Garage (refunding 2004); Terminal Expansion (refunding 4/2011) This financial statement is an interim statement and is unaudited. 2

3 CITY OF BOISE Airport Fund Statement of Revenues and Expenditures 4/30/2011 Annual YTD Budget YTD Actual Current Month Percent Operating Revenues: Airline Landing Fees $ 4,473,535 $ 1,878,922 $ 255,886 42% Airline Rent 4,325,719 2,081, ,851 48% Parking Fees 7,902,773 4,245, ,023 54% Car Rental 3,709,540 1,952, ,451 53% Concessions 1,597, , ,454 53% Rental Income 2,437,626 1,375, ,684 56% Corporate Sponsorship/Donations 24, % Inflight Food Sales 300, ,054 16,267 59% Other 707, ,440 56,324 59% Total Operating Revenues 25,478,127 12,973,632 1,821,940 51% Operating Expense: Personnel Services 6,200,914 3,219, ,410 52% Administration Expenses 4,158, , ,762 21% Materials & Supplies 3,598,609 1,149, ,491 32% Professional Services 6,697,555 3,126, ,896 47% Purchased Services 46, ,775 52, % Utilities & Communications 1,195, ,800 97,729 59% Total Operating Expenses 21,897,677 9,424,923 1,346,648 43% Operating Income 3,580,450 3,548, ,292 99% Non-Operating Revenues(Expenses): Passenger Facility Charges 6,279,019 3,017, ,422 48% Customer Facility Charge (Car Rentals 765, ,764 62,140 55% Operating Grants 500, ,303 81,905 58% Operating transfers in 20,422 9,735 4,357 48% Operating Transfers (out) Interest Revenue 610, ,078 40,889 57% Interest Expense (2,504,633) (1,039,071) (2,077) 41% Asset Sales - (11,499) 689 Property Sales Total Non-Operating Revenue 5,670,890 3,038, ,325 54% Net Income(Loss) before Depreciation and Capital Contributions 9,251,340 6,587, ,617 71% (Less): Depreciation (12,951,276) (6,836,474) (976,639) 53% : Contrib. Depreciation Capital Contributions, Grants 24,125,364 1,860, ,307 8% Capital Contributions, Donations Net Income after Depreciation and capital grants $ 20,425,428 $ 1,611,013 $ 511,285 8% Capital Expenses 21,814,597 2,660, ,226 12% This financial statement is an interim statement and is unaudited. 3

4 Statement of Changes in Financial Position Airport Fund Apr. 30, 2011 YTD Month Ending Sources of funds: Operations: Net income, before depreciation $ 6,587,280 $ 950,617 (which does not require current outlay of cash) Plus Excess of Proceeds from Land Sale/Gain Total funds from operations 6,587, ,617 Contributions and capital revenues 1,860, ,307 Increase in: Accounts payable 2,631 Contracts Payable Other payables Due to Other Funds Bond Premium/Deferred Refunding Payable 911, LOC-Terminal Construction Bonds payable Decrease in: Accounts receivable 1,948,334 41,401 Employee Advances - - Grants receivable 2,040,615 Inventory-supplies Accrued interest receivable 48,427 7,534 Prepaid expenses 27,068 Due from other funds 860,625 Bond Discounts/Financing Costs 581,309 Cash and investments with fiscal agent/restricted assets 25,000 Total sources of funds 14,837,863 1,591,586 Uses of funds: Additions to Capital Assets 2,660, ,226 Increase in: Accounts receivable Employee Advances Grants receivable 81,905 Inventory-supplies - - Additions to Capital Assets Increase in: Accrued interest receivable Prepaid Expenses 21,299 Due from other funds 14,708 Retained Earnings-FY'06 AJE Bond Discounts/Financing Costs 22,950 Cash and investments with fiscal agent/restricted assets 13,533 4

5 Page 2 Decrease in: Accounts payable 2,714,465 Contracts payable 241,359 - Other payables 267, Compensated absences 2, Due to other funds 800,813 6,490 Bond Premium/Deferred Refunding Payable LOC-Terminal Construction Bonds payable 10,245,000 - Total uses of funds 16,966, ,120 Increase (decrease) in cash and short-term investments (2,128,829) 1,337,466 Cash and short-term investments at beginning of period 39,860,277 36,393,982 Cash and Short-Term Investments at End of Period $ 37,731,448 $ 37,731,448 This financial statement is an interim statement and is unaudited. 5

6 Fleet Services Fund Statement of Net Assets Apr. 30, 2011 Assets Apr. 30, 2011 Apr. 30, 2010 Current Assets: Cash $ (84,126) $ (31,420) Investments 331, ,802 Accounts Receivable - 20 Accrued Interest Receivable 3 9 Due from Other Funds 420, ,373 Due from Govt. - Inventories: Supplies 12,606 12,606 Diesel - Licenses - Prepaid expenses 13,109 12,644 Total Current Assets 694, ,034 Noncurrent Assets: Employee Advances Receivable 3,161 3,231 Total Noncurrent Assets 3,161 3,231 Capital Assets: Land - Buildings and Improvements 1,298,690 Automotive Equipment 214,115 Machinery and Equipment 168,785 Other Assets 73,940 Less Accum. Depr. (994,862) 760, ,240 Construction in Progress - Construction in progress-current year 42,600 Total Capital Asets (Net of Accum. Depr.) 803, ,240 Total Assets $ 1,500,709 $ 1,450,505 Liabilities Current Liabilities: Accounts Payable $ 223,684 $ 110,614 Contracts Payable - Accrued Payroll & Taxes Payable 46,400 58,384 Due to Other Funds 42,565 49,529 Advance from Airport Fund 73,836 80,907 Other Payables Total Current Liabilities 386, ,888 Noncurrent Liabilities: Compensated Absences 98,264 82,611 Unearned Revenue-Rent - Advance from Solid Waste Fund-New Facility 635, ,936 Total Noncurrent Liabilites 734, ,547 Total Liabilities * 1,120,945 1,071,435 Net Assets Investment in Capital Assets, net of related debt 167, ,304 Unreserved (deficit) 212, ,766 Total Net Assets $ 379,764 $ 379,070 * Does not include $ 63,141 in outstanding PO encumbrances. This financial statement is an interim statement and is unaudited. 6

7 Fleet Services Fund Statement of Revenues and Expenditures For the 7 Month Period Ending April 30, 2011 Annual YTD Budget YTD Actual Current Month Percent Operating Revenues: Charges for Services $ 2,740,351 $1,393,471 $ 330,399 51% Rental Income - - Miscellaneous 24,735 4,344 Total Operating Revenues 2,740,351 1,418, ,743 52% Operating Expenses: Personnel Costs 1,137, ,023 80,097 50% Maint & Operations 1,429, , ,204 55% Total Operating Expenses 2,567,173 1,350, ,301 53% Operating Income 173,178 67,360 (1,558) 39% Non-Operating Revenues (Expenses): Interest Revenue 1, % (Interest Expense)-Shop Advance (40,000) (5,940) (847) 15% Asset Sales 2,070 2, % Transfer-in (General Fund) - - Rebate (Risk Fund) - - Transfer-out (General Fund) - - Total Non-Operating Revenues (35,955) (3,332) (844) 9% Net Income before Depreciation 137,223 64,028 (2,402) 47% Less: Depreciation (80,300) (46,842) (6,692) 58% Net Income $ 56,923 $ 17,186 $ (9,093) 30% Capital Expenses 74,600 42,600 57% This financial statement is an interim statement and is unaudited. 7

8 Sewer Fund Statement of Net Assets Apr. 30, 2011 Apr. 30, 2011 Apr. 30, 2010 ASSETS Current Assets: Cash $ (909,087) Investments 35,172,544 Investments-Reserved 3,851 Investments-Loan Reserves 681,007 Accounts Receivable 1,765,114 less Reserve Bad Debt (165,293) 1,599,821 Sewer Dist. Receivable 2,530,901 less Reserve - 2,530,901 Accrued Interest Receivable 122,617 Grants Receivable - Assessments Receivable 2,445,295 Due From Other Funds 327,983 Advances to Other Funds-Geothermal 112,403 Inventory-Supplies 1,327,603 Inventory-Crop - Other Assets - Prepaid Expenses 213,679 Total Current Assets 43,628,617 42,583,374 Noncurrent Assets: Discount on WW Facility Note 146,927 Deferred Bond Costs for WW Fac Bond 47,746 Employee Advances 21,360 Total Noncurrent Assets 216, ,225 Restricted Assets: Wastewater Facility Bond Fund - Total Restricted Assets: - - Capital Assets: Land 13,946,589 13,496,309 Intangible Assets, non depreciating 452, ,129 Buildings & Improvements 130,970,369 Sewer Lines 183,441,552 Automobiles & Trucks 7,873,894 Machinery & Equipment 39,604,518 Other Assets 964,779 Construction in Progress-Booked 7,208,923 8,721,988 Construction in Progress-Current Year 3,864,200 3,008,708 less: Accum. Depreciation (127,333,562) 235,521, ,215,727 Total Capital Assets (Net of Accum. Depreciation) 260,993, ,804,861 Total Assets $ 304,838,550 $ 300,630,460 8

9 Sewer Fund Statement of Net Assets pg.2 Apr. 30, 2011 Apr. 30, 2010 LIABILITIES Current Liabilities Accounts Payable $ 648,532 $ 313,570 Contracts Payable - - WW Facility Bonds, Current Portion - - Capital Lease Payable, Current - - Loans Payable, Current Portion 456, ,035 Developer Trunk Trust 98,030 97,981 Accrued Payroll & Taxes Payable 564, ,183 Other Payables 670, ,506 Due to Other Funds 685, ,104 Lift Station Trust 124, ,912 3,248,020 2,797,291 Noncurrent Liabilities: Compensated Absences 792, ,763 Wastewater Facility Bonds Payable 11,125,000 12,260,000 Amort. Gain Of WWFRB 42,352 67,210 L.T. Loan Payable-RSP ,831 L.T. Loan Payable-RSP ,709 1,080,874 L.T. Loan Payable-WBP 001 6,379,501 6,879,576 Barber Sewer Trust 211, ,697 Capital Lease Payable Total noncurrent liabilities: 19,519,448 21,327,951 *Total Liabilities 22,767,468 24,125,242 NET ASSETS Investment in capital assets, net of related debt 242,063, ,291,545 Reserved for Replacements: West Boise Sewer District 2,524,599 2,213,037 Garden City Sewer District 2,535,680 2,258,236 Unreserved (deficit) 34,946, ,071,082 34,742,401 Total Net Assets $ 282,071,082 $ 276,505,219 This financial statement is an interim statement and is unaudited. * Does not include $ 6,458,731 in outstanding PO encumbrances. 9

10 Sewer Fund Statement of Revenues and Expenditures Pg 1 For the 7 Month Period Ending April 30, 2011 Annual YTD Budget YTD Actual Current Month Percent Operating Revenues: Service Billing $ 21,429,520 $ 12,203,763 $ 1,705,335 57% Salary Reimbursement 882,631 85,717 34,629 10% Service-Garden City 1,348, ,999 91,334 41% Bench 1,907, , ,683 49% NW Boise 624, ,278 58,798 53% West Boise 1,415, , ,681 53% Owyhee Sewer District Eagle Sewer District 569, ,673 51,175 52% Geothermal % Septage Haulers Fees 118,860 61,902 9,995 52% WB Congeneration Recycling Farm Lease 15, % Crop Revenue 1,902,500 4,733-0% Capacity Rental Fees Donations Other 787, , , % Total Operating Revenues 31,002,788 16,066,634 2,354,994 52% Operating Expenses: Salaries-Engineering 2,006,303 1,225, ,247 61% Administration 1,393, ,256 79,966 42% Utility Billing 358, ,727 32,591 65% IT 3, % Boise WaterShed 99,512 57,138 8,044 57% Operations 360, ,397 30,404 61% Environmental 1,021, ,106 83,075 59% Line Maint. 1,484, , ,006 57% Central Lab 1,178, , ,347 63% Lander 1,022, ,256 81,138 61% Gowen Field - 2,065 - West Boise 1,129, ,292 95,439 58% Bio-Solids 200, ,071 17,341 51% Lander Maintenance 523, ,358 46,499 63% West Boise Maintenance 752, ,566 67,821 59% Bio-Solids Application Site 657, ,024 54,545 46% Total Salaries ,974, ,463 57% 10

11 Sewer Fund Preliminary Statement of Revenues and Expenditures Pg 2 For the 7 Month Period Ending April 30, 2011 Annual YTD Actual Current Mo. YTD Budget Exp. or Rev. Exp. or Rev. Percent M&O- Bad Debt $ 300,000 $ 57,373 $ 2,242 19% Indirect Cost Reimb Indirect Cost Reimb-Capital Portion - 196,582 28,083 Personal Services-Capital Misc. Costs-Capital 6,032 8, % Developer Payback 1,000,000 67,484 1,400 7% Garden City Trunk Exp Engineering 235,176 84,024 13,489 36% Administration 2,991,824 1,304, ,312 44% Utility Billing 702, ,244 25,478 53% IT Boise Watershed 26,288 12,815 3,581 49% Operations 126,109 59,499 5,444 47% Environmental 598,497 79,751 13,564 13% Line Maint. 510, ,472 31,337 49% Central Lab 282, ,291 20,698 48% Lander 1,082, ,100 69,561 41% West Boise 1,924, , ,452 48% Bio-Solids 159,839 72,865 17,179 46% Lander Maintenance 35,206 22,504 2,239 64% West Boise Maintenance 49,765 19,491 2,631 39% Bio-Solids Application Site 1,534, ,087 44,172 21% Total M&O Expense 11,564,519 4,439, ,403 38% Total Operating Expense 23,756,396 11,414,097 1,655,866 48% Operating Income 7,246,392 4,652, ,128 64% Non-Operating Revenue (Expenses): Art Commission Reimb. (43,290) (8,099) (4,250) 19% Operating Grants Interest Revenue 1,144, ,702 26,948 41% Gain on Refinancing 40, % Property Sales Transfers in (General Fund) 489, % Interest on Advance Bond Interest Expense (542,305) (199,729) (1,547) 37% Loan Interest Expense (298,220) (152,026) - 51% Prepaid Bond Amortization (2,100) - - 0% Total Non-operating revenues(expenses) 788, ,848 21,151 14% Net income (loss) before (Depreciation) and Capital Contributions 8,034,627 4,766, ,279 59% Depreciation: Boise City Customers(80%) (6,871,143) (4,088,980) (584,140) 60% Contract Agencies(20%) (1,717,786) (1,022,245) (146,035) 60% Total Depreciation (8,588,929) (5,111,225) (730,175) 60% Capital Contributions: Capital Contributions, Grants Connection Fees 1,735, , ,035 52% Equivalent Assessments 461, ,202 85,021 62% Other (including developer) 7, % Total Contributions 2,205,292 1,184, ,056 54% Net Income after depreciation and capital contributions $ 1,650,990 $ 839,628 $ 257,160 51% Capital Assets 29,073,170 $ 3,864,200 $ 792,257 $ 13% This financial statement is an interim statement and is unaudited. 11

12 Sewer Enterprise Fund Statement of Changes in Financial Position Apr. 30, 2011 YTD Month Ending Sources of funds: Operations: Net income, before depreciation $ 4,766,385 $ 720,279 (which does not require current outlay of cash) Total funds from operations 4,766, ,279 Contributions and capital revenues 1,184, ,056 Increase in: Accounts payable 52,542 Other payables 74,547 Due to other funds 40,523 Bonds Payable-WW Facility Bonds Payable-Amort. Gain Loans/Capital Lease Payable 2 Lift Station/ Developer Trust 4, Decrease in: Accounts receivable 1,308,258 Sewer district receivables 619,877 Grants receivable Accrued interest receivable 49,629 13,599 Inventories-Crop & Supplies - - Due from other funds 2,029,368 Advances to Other Funds-Geothermal Prepaid Expenses 42,645 Other Assets - - Discount on WW Facility Bonds 10,827 1,547 Deferred Bonds Costs for WW Facility 3, Employee Advances 42 6 WW Facility Bond Fund Total sources of funds 9,976,758 1,213,270 Uses of funds: Additions to Capital Assets $ 3,864,200 $ 792,257 Increase in: Accounts receivable 112,334 Sewer district receivables 46,229 Grants receivable Accrued interest receivable Inventories-Crop & Supplies Due from other funds 83,528 Advances to Other Funds-Geothermal 24 1 Prepaid Expenses 213,225 Deferred Bonds Costs for WW Facility Employee Advances WW Facility Bond Fund 12

13 Page 2 Decrease in: Accounts payable 808,475 Contracts payable 109,473 - Other payables 43,833 Due to other funds 1,935,600 Compensated absences 5, Bonds payable-ww Facility 1,135,000 - Bonds Payable-Amort. Gain - - Lift Station/Developer Trust Loans/Capital Lease Payable 226,271 Total uses of funds 8,341,565 1,034,569 Increase (decrease) in cash and short-term investments 1,635, ,701 Cash and short-term investments at beginning of period 33,313,122 34,769,614 Cash and Short-Term Investments at End of Period $ 34,948,315 $ 34,948,315 This financial statement is an interim statement and is unaudited. 13

14 Irrigation Fund Statement of Net Assets Apr. 30, 2011 Assets Apr. 30, 2011 Apr. 30, 2010 Current Assets: Cash $ (2,544) 35 Investments 74,657 62,956 Accounts Receivable (1,445) 147 Assessments Receivable 14,008 10,269 Due from Other Funds - 0 Prepaid Expenses - 0 Total Current Assets 84,676 73,407 Capital Assets: Buildings - Improvements - Service lines 149, ,079 Furniture and Equipment 114, ,929 Construction-In-Progress-Current Year 606 Less Allowance for Depreciation (61,270) 203,344-52,432 Total Assets $ 288,020 $ 284,983 Liabilities: Accounts Payable $ Contracts Payable - Due to Other Funds 3,471 4,744 Advances-Other Funds - Developer Payback 10,180 10,180 Other Accrued Liabilities 7,893 8,055 Total Liabilities 21,842 23,021 Net Assets Investment in Capital Assets, net of related debt 203, ,576 Unreserved (deficit) 62,834 50,386 Total Net Assets $ 266,178 $ 261,962 This financial statement is an interim statement and is unaudited. 14

15 Irrigation Fund Statement of Revenues and Expenditures For the Period Ending April 30, 2011 Annual YTD Budget YTD Actual Current Month Percent Operating Revenues: Irrigation Assessments $ 28,390 $ 27,532 $ 27,532 97% Plan Check Review - - Irrig. District Assessments 3,020-0% Lateral Assessments 440-0% MID Admin & Misc. Revenue % - Total Operating Revenue 32,780 28,452 28,452 87% Operating Expenses: Personnel Costs - - Supplies & Materials 65-0% Contractual Services 24,209 9,458 3,501 39% Ind. Cost Reimb. 13,383 5, % Total Operating Expenses 37,657 14,965 4,419 40% Operating Income (4,877) 13,487 24, % Non-Operating Revenues (Expenses): Direct Reimbursement - City Contribution/TI General Fund 15,215-0% Interest Revenue Interest Expense Total Non-Operating Revenues (Exp) 15, % Net Income (Loss) before Depreciation 10,338 13,512 24, % and Contributions Less: Depreciation (8,838) (5,156) (737) 58% Capital Contributions: Developer 0 - Net Income $ 1,500 $ 8,356 $ 23, % Capital Assets 3, This financial statement is an interim statement and is unaudited. 15

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17 Geothermal Fund Statement of Net Assets April 30, 2011 Assets 4/30/2011 4/30/2010 Current Assets: Cash $ (6,057) $ 198,883 Investments 615, ,501 Accounts Receivable 51,746 59,279 Grants Receivable 196,318 - Due from Other Funds Inventory-Supplies 168, ,511 Prepaid Expenses Total Current Assets 1,027, ,688 Noncurrent Assets: Employee Advances - - Total Noncurrent Assets - - Capital Assets: Intangible Assets 8,608 Buildings 109, ,959 Improvements 2,174,922 2,174,922 Service lines 4,617,035 4,411,278 Furniture and Equipment 393, ,021 Construction in Progress 563, ,166 Less Accum. Depr. (3,267,655) 4,035,890 (3,106,903) Total Capital Assets (Net of Accum Depr.) 4,599,570 4,552,443 Total Assets $ 5,626,784 $ 5,380,131 Liabilities Accounts Payable $ 1,849 $ 4,332 Contracts Payable - - Due to Other Funds 33,838 25,485 Advances Payable - Sewer 112, ,349 Accrued Payroll & Taxes Liability 10,445 4,955 Other Accrued Liabilities 69, ,969 Total Liabilities * 227, ,090 Net Assets Investment in capital assets, net of related debt 4,599,570 4,552,443 Unreserved (deficit) 799, ,598 Total Net Assets $ 5,398,917 $ 5,110,041 * Does not include $ 1,278,733 in outstanding PO encumbrances 17

18 Geothermal Fund Statement of Revenues and Expenditures For the Period Ending April 30, 2011 Annual YTD Budget YTD Actual Current Month Percent Operating Revenues: Water Sales $ 632,490 $ 480,452 $ 47,775 76% Direct Reimb. 9,000 2, % Misc. Revenue 2, Total Operating Revenue 641, ,191 48,370 76% Operating Expenses: - Personnel Costs 94,008 56,956 7,907 61% Supplies & Materials % Contractual Services 267,838 78,175 28,255 29% Ind. Cost Reimb. 26,306 21,747 3,107 83% Total Operating Expenses 388, ,909 39,268 40% Operating Income 252, ,282 9, % Non-Operating Revenues (Expenses): Interest Revenue 7, (314) 9% Interest Expense (7,651) (24) (1) 0% Transfer in - Transfer (out) (100,000) (58,333) (8,333) 58% Total Non-Operating Revenues (Exp) (99,685) (57,620) (8,649) 58% Net Income (Loss) before Depr & Capital C 153, , % Less: Depreciation (166,895) (97,356) (13,908) 58% Capital Contributions: Grants (HUD)/ Other (State of Idaho) 3,502, % Grants-Stimulus Funds (DOE) - Net Income after Depr and Capital Contribu $ 3,489,016 $ 174,306 $ (13,455) 5% Capital Assets 4,613, ,994 (45,000) 2% This financial statement is an interim statement and is unaudited. 18

19 Statement of Changes in Financial Position Geothermal Enterprise Fund April 30, 2011 YTD Month Ending Sources of funds: Operations: Net income, before depreciation $ 271,662 $ 453 (which does not require current outlay of cash) Total funds from (used in) operations 271, Contributions and capital revenues - - Increase in: Accounts Payable Advances payable-sewer 23 - Other accrued liabilities Due to other funds 5,900 Compensated Absences Decrease in: Accounts receivable 6,189 Inventory-Supplies Due from other funds 13,922 9,729 Grants receivable 35,478 - Prepaid expenses 103 Employee Advances Total sources of funds 321,086 22,374 Uses of funds: Additions to property, plant & equipment 112,994 (45,000) Increase in: Accounts receivable 32,776 Inventory Supplies 1 1 Due from Other Funds Prepaid expenses 512 Decrease in: Accounts payable 43,828 61,947 Advances payable-sewer Contracts payable - - Due to other funds 27,015 Other Accrued Liabilities 25, Total uses of funds 242,661 17,010 Increase (decrease) in cash and short-term investments 78,424 5,364 Cash and short-term investments at beginning of period 531, ,381 Cash and Short-Term Investments at End of Period $ 609,745 $ 609, This financial statement is an interim statement and is unaudited.

20 Solid Waste Fund Preliminary Statement of Net Assets April 30, 2011 Apr. 30, 2011 Apr. 30, 2010 Assets Current Assets: Cash $ 129,808 $ 73,892 Investments 1,851,695 3,261,393 Accounts Receivable 1,770,421 Less Reserve Bad Debt (144,719) 1,625,702 1,577,188 Accrued Interest Receivable 4,118 5,011 Assessments Receivable - - Due From Other Funds 7,559 5,551 Other Assets - Prepaid Expenses 5,196 4,964 Total Current Assets 3,624,078 4,927,999 Noncurrent Assets: Employee Advances Receivable Meth Lab Clean-Up Loans Receivable - Advances-City Shop Fund 635, ,936 Total Noncurrent Assets 636, ,736 Capital Assets: Automobiles and Trucks 120,540 Machinery and Equipment 258,558 Public Art Collection 25,629 Less Accum. Depr. (188,567) 216, ,132 Construction-in Progress, Booked - - Construction-in-Progress, Current Year - 67,082 Total Capital Assets ( Net of Accum. Deprec.) 216, ,214 Total Assets $ 4,476,780 $ 5,913,949 Liabilities: Current Liabilities: Accounts Payable 1,653,623 2,315,006 Contracts Payable - - Accrued Payroll and Taxes Payable 15,577 16,631 Trash Deposits Payable - - Due to Other Funds 192, ,373 Unearned Revenue 478, ,237 Other accrued liabilities - - Total Current Liabilities 2,339,603 2,971,247 Noncurrent Liabilities: Compensated Absences 36,286 19,628 Total Liabilities* 2,375,889 2,990,875 Net Assets Investment in Capital Assets, Net of related debt 216, ,214 Unreserved (deficit) 1,884,731 2,626,860 Total Net Assets $ 2,100,891 $ 2,923, This financial statement is a interim statement and is unaudited. * Does not include $100,108 in outstanding PO encumbrances.

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22 \ City of Boise Solid Waste Fund Preliminary Statement of Revenues and Expenditures For the 7 Month Period Ending Apr. 30, 2011 Annual YTD Operating Revenues: Budget YTD Actual Current Month Percent PROGRAM DEV/MGMT: Households-O&M $ 12,217,800 $ 6,574,704 $ 936,576 54% Commercial- Regular,Recycling and On-Call 12,523,150 6,885, ,360 55% Interest & Penalities 332,340 98,184 (19,885) 30% Misc. Revenue 41,430 34,755 6,593 0% Transfer Ins - - 0% Total Operating Revenues 25,114,720 13,593,613 1,879,645 54% - Operating Expenses: Personnel Costs 374, ,060 28,932 57% Supplies & Materials 405,959 55,493 19,047 14% Maintenance & Operation 288, ,380 19,485 39% Leaf Collection 92, , % Xmas Trees 20,000 21,178 20, % Glass Recycling 46,500 40,343 6,307 87% Special Recycling/Environmental Programs 9,000 4,088 3,588 45% Strategic Plan Consulting/Mgmt - - Advertising 35,000 12,226 1,402 35% Allied Contract Recycling - - Household Recycling 2,001,300 1,258, ,082 63% Business Recycling 315, ,159 39,444 85% Household Trash/Appliance 5,695,900 3,580, ,553 63% Business Trash 5,449,100 3,034, ,130 56% Utility Billing Services 575, ,174 45,882 56% Franchise 1,160, ,782 92,156 56% School Recyling 2,600-0% Downtown Trash 18,725 1,493 8% Landfill-Commercial/Residential/Special 7,321,709 3,563, ,452 49% Cross Charges 75,038 28,342 13,600 38% Indirect Cost Reimb. 299, ,668 19,953 47% Collections Staff Support 201,000 81,666 17,391 41% Arts Reimb % Junk Cars-Towing 200-0% Environmental Education 48,134 28,084 4,012 58% Misc. Expenses 25-0% Bad debt expense 200,000 19,458 2,985 10% Low Income Discount 10,426 9,406 1,361 90% Transfer Out-UB Rewrite 489,750-0% Transfer Charges 103,000 60,083 8,583 58% Total operating expenses 25,239,632 13,615,973 1,930,146 54% Non-Operating Revenues(Expenses): Operating Grants Net Income(Loss) before Depreciation (124,912) (22,361) (50,501) 18% Less Depreciation (39,942) (23,300) (3,329) 58% Net Income After Depreciation $ (164,854) $ (45,660) $ (53,830) 28% Capital Expenses $ 52,318 $ - $ - 0% This financial statement is an interim statement and is unaudited. 22

23 , Idaho Health Care Trust Statement of Net Assets For the 7 Month Period Ending April 30, 2011 ASSETS Apr. 30, 2011 Apr. 30, 2010 Current Assets: Cash and cash equivalents $ 1,647,064 $ 3,243,589 Investments 3,358,962 6,195,561 Receivables: Accounts and interest 51,982 47,053 Interfund receivables 7,895 9,257 Prepaid items - Total current assets 5,065,903 9,495,460 Total assets $ 5,065,903 $ 9,495,460 LIABILITIES Current Liabilities: Accounts Payable * $ Self Insurance Claims 1,451,000 1,366,000 Other accrued liabilities 2, Interfund Payables 20,404 63,821 Total current liabilities 1,474,344 1,431,438 Total liabilities 1,474,344 1,431,438 NET ASSETS Invested in capital assets Reserved for future claims 3,591,559 8,064,022 Total net assets $ 3,591,559 $ 8,064,022 This fund is reported and audited on a calendar basis as a Fiduciary Trust Fund and managed in trust for the City's employees. Interim financials are presented on a fiscal year basis as if a governmental or business-type activity for operational accountability. Does not include $ 620 in outstanding PO encumbrances. 23

24 , Idaho Statement of Revenues, Expenses, and Changes in Fund Net Assets Health Care Trust and Employee Wellness 1) For the 7 Month Period April 30, 2011 Annual YTD Budget YTD Actual Current Month Percent Operating Revenues: Charges for Services: Retirees Share $ 962,030 $ 216,703 $ 8,215 23% COBRA Share 430, ,760 20,274 40% Employee/Employer Share * 23,200,175 6,585, ,059 28% Reimb-Stop Loss - 337,572 3,912 Pharmacy Rebate 132,482 44,644 34% Misc. Revenue - - Employee Wellness Revenue 12,000-0% Total Operating Revenues 24,736,771 7,355, ,460 30% Operating Expenses: Personnel Services - - Professional Services 95,424 33,541 3,958 35% Administrative Services 1,820, ,915 69,756 32% Claims-Active 22,544,697 8,030,821 1) 709,082 36% Claims-Retirees - 384,733 1) 27,058 Claims-IBNR 85,000 Purchased Services - 1,811 Contractual Services-Employee Wellness 330, ,912 19,845 60% Total Operating Expenses 24,791,469 9,311, ,699 35% Operating Income (loss) (54,698) (1,956,042) 140, % Non-Operating Revenues (Expenses) Interest Revenue 150,000 27,762 3,554 19% Total Non-Operating Revenues 150,000 27,762 3,554 19% Income before operating transfers 95,302 (1,928,280) 144, % Interfund Transfers in Interfund Transfers out - Change in net assets 95,302 (1,928,280) 144, % - - Change in net assets/net income $ 95,302 $ (1,928,280) $ 144, % * Employee/Employer Share includes contributions for the subsequent month. This fund is reported and audited on a calendar basis as a Fiduciary Trust Fund and managed in trust for the City's employees Interim financials are presented on a fiscal basis as if a governmental or business-type activity for operational accountability. 1) Claims as of 12/31 were reduced by $ 471,664 for Active Employees and $17,272 for retirees due to an AJE that was 24

25 accruing these amounts to FY'10 that were for Sept. but paid for in October-and then reversed in December-to correc expenses for both years. 25