CITY OF BOISE Airport Fund Preliminary Statement of Net Assets as of Dec. 31, 2010

Transcription

1 CITY OF BOISE Airport Fund Preliminary Statement of Net Assets as of Dec. 31, 2010 ASSETS 12/31//10 12/31/09 Current assets: Cash $ 3,306 $ (401,066) Investments 18,186,910 16,507,335 Invest-Pfc 15,796,970 12,695,168 Invest-Car Rental Facility 4,314,508 3,929,086 Invest-Parking Garage 4,473,585 3,097,995 Invest-Airport Land Sale 0 0 Accounts Receivable 1,567,677 Less Reserve Bad Debt -28,383 1,539,294 1,142,255 Interest Receivable 213, ,443 Grants Receivable 601,733 69,128 Advances-Other Funds 76,268 83,142 Due from Other Funds 11,934 11,461 Inventory-Supplies 809, ,015 Prepaid Commerce Street 0 0 Prepaid Rent 0 0 Prepaid Other 229, ,810 Total Current Assets 46,257,496 38,264,772 Noncurrent assets: Deferred Bond Financing Costs 554, ,648 Discount of Bonds Payable 492, ,458 Employee Advances Receivable 7,142 8,079 Total Noncurrent Assets 1,054,251 1,131,185 Restricted Assets: Restricted Investment-PTT 472, ,549 Terminal Expansion Payment Fund 0 2 Total Restricted Assets 472, ,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 1,513,847 1,463,599 Less Accum. Depreciation -105,513, ,271,896-96,657,553 Total Capital Assets (Net of Accum. Depreciation) 165,567, ,407,650 Total assets $ 213,351,463 $ 210,276,158 1

2 Airport Fund Statement of Net Assets Page 2 12/31//10 12/31/09 LIABILITIES Current Liabilities: Accounts Payable $590,786 $272,110 Bonds Payable-Prkg Garage, Current 1,360,000 1,305,000 Bonds Payable-Terminal Expansion, Current 1,200,000 1,140,000 Contracts Payable 0 0 Accrued Payroll & Taxes Liability 260, ,524 Other Payables 1,573, ,389 Due to Other Funds 557, ,748 Total Current Liabilities 5,542,409 4,090,771 Noncurrent Liabilities: Compensated absences 345, ,640 Premium/Deferred Refunding-Parking Garage** -2,547-10,861 LOC-Terminal Construction Bonds Payable-Parking Garage** 0 1,360,000 Bonds Payable-Terminal Expansion 41,525,000 42,725,000 Total noncurrent liabilities 41,868,228 44,436,072 * Total Liabilities 47,410,637 48,526,843 NET ASSETS Investment in capital assets, net of related debt 123,698, ,971,578 Unreserved (deficit) 42,241,887 35,777,737 Total Net Assets $ 165,940,826 $ 161,749,315 * Does not include $4,052,978 in outstanding PO encumbrances. ** Parking Garage (refunding 2004) This financial statement is an interim statement and is unaudited. 2

3 CITY OF BOISE Airport Fund Preliminary Statement of Revenues and Expenditures 12/31/2010 Annual YTD Budget YTD Actual Current Month Percent Operating Revenues: Airline Landing Fees $ 4,473,535 $ 867,509 $ 287,856 19% Airline Rent 4,325, , ,867 22% Parking Fees 7,902,773 1,874, ,285 24% Car Rental 3,709, , ,812 24% Concessions 1,597, , ,100 22% Rental Income 2,437, , ,723 24% Corporate Sponsorship/Donations 24, % Inflight Food Sales 300,000 79,502 28,241 27% Other 707, ,416 58,142 20% Total Operating Revenues 25,478,127 5,769,208 1,854,026 23% Operating Expense: Personnel Services 6,158,522 1,409, ,216 23% Administration Expenses 4,158, , ,869 8% Materials & Supplies 3,598, , ,887 12% Professional Services 6,697,555 1,345, ,521 20% Purchased Services 46,061 14,102 1,330 31% Utilities & Communications 1,195, , ,711 22% Total Operating Expenses 21,855,285 3,819,781 1,402,534 17% Operating Income 3,622,842 1,949, ,492 54% Non-Operating Revenues(Expenses): Passenger Facility Charges 6,279,019 1,444, ,219 23% Customer Facility Charge (Car Rentals 765, ,381 52,592 26% Operating Grants 500,500 44,533 15,653 9% Operating transfers in 20, % Operating Transfers (out) Interest Revenue 610, ,907 53,368 28% Interest Expense (2,504,633) (12,491) (4,164) 0% Asset Sales - (12,188) (12,188) Property Sales Total Non-Operating Revenue 5,670,890 1,829, ,480 32% Net Income(Loss) before Depreciation and Capital Contributions 9,293,732 3,778, ,972 41% (Less): Depreciation (12,951,276) (2,929,917) (976,639) 23% : Contrib. Depreciation Capital Contributions, Grants 24,125,364 (100) - 0% Capital Contributions, Donations Net Income after Depreciation and capital grants $ 20,467,820 $ 848,515 $ (202,667) 4% Capital Expenses 18,556,441 1,513, ,961 8% This financial statement is an interim statement and is unaudited. 3

4 Statement of Changes in Financial Position Airport Fund Dec. 31, 2010 YTD Month Ending Sources of funds: Operations: Net income, before depreciation $ 3,778,532 $ 773,972 (which does not require current outlay of cash) Plus Excess of Proceeds from Land Sale/Gain Total funds from operations 3,778, ,972 Contributions and capital revenues (100) - Increase in: Accounts payable Contracts Payable Other payables Due to Other Funds Bond Premium/Deferred Refunding Payable LOC-Terminal Construction Bonds payable Decrease in: Accounts receivable 1,749,698 Employee Advances - - Grants receivable 1,730,185 Inventory-supplies Accrued interest receivable 9,837 Prepaid expenses 42,914 Due from other funds 874, ,805 Bond Discounts/Financing Costs 19,000 6,332 Cash and investments with fiscal agent/restricted assets - - Total sources of funds 8,151,951 1,349,888 Uses of funds: Additions to Capital Assets 1,513, ,961 Increase in: Accounts receivable 99,021 Employee Advances Grants receivable 1,503 Inventory-supplies - - Additions to Capital Assets Increase in: Accrued interest receivable 32,122 Prepaid Expenses 152,945 Due from other funds Retained Earnings-FY'06 AJE Bond Discounts/Financing Costs Cash and investments with fiscal agent/restricted assets 4

5 Page 2 Decrease in: Accounts payable 2,408, ,248 Contracts payable 241,358 - Other payables 50,935 30,735 Compensated absences 1, Due to other funds 836, ,226 Bond Premium/Deferred Refunding Payable LOC-Terminal Construction Bonds payable - - Total uses of funds 5,236,949 1,771,071 Increase (decrease) in cash and short-term investments 2,915,002 (421,183) Cash and short-term investments at beginning of period 39,860,277 43,196,462 Cash and Short-Term Investments at End of Period $ 42,775,279 $ 42,775,279 This financial statement is an interim statement and is unaudited. 5

6 Fleet Services Fund Statement of Net Assets Dec. 31, 2010 Assets Dec. 31, 2010 Dec. 31, 2009 Current Assets: Cash $ (23,356) $ (25,779) Investments 321, ,602 Accounts Receivable - Accrued Interest Receivable Due from Other Funds 228, ,402 Due from Govt. - Inventories: Supplies 12,606 (28,347) Diesel - Licenses - Prepaid expenses 25,314 22,759 Total Current Assets 564, ,656 Noncurrent Assets: Employee Advances Receivable 3,184 3,254 Total Noncurrent Assets 3,184 3,254 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. (968,096) 787, ,006 Construction in Progress - Construction in progress-current year - Total Capital Asets (Net of Accum. Depr.) 787, ,006 Total Assets $ 1,354,843 $ 1,486,916 Liabilities Current Liabilities: Accounts Payable $ 42,477 $ 75,100 Contracts Payable - Accrued Payroll & Taxes Payable 44,680 57,431 Due to Other Funds 40,969 45,515 Advance from Airport Fund 76,268 83,142 Other Payables Total Current Liabilities 204, ,642 Noncurrent Liabilities: Compensated Absences 98,365 82,686 Unearned Revenue-Rent - Advance from Solid Waste Fund-New Facility 654, ,272 Total Noncurrent Liabilites 752, ,958 Total Liabilities * 957,683 1,049,600 Net Assets Investment in Capital Assets, net of related debt 132, ,734 Unreserved (deficit) 264, ,582 Total Net Assets $ 397,160 $ 437,316 * Does not include $140,044 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 3 Month Period Ending December 31, 2010 Annual YTD Budget YTD Actual Current Month Percent Operating Revenues: Charges for Services $ 2,740,351 $536,852 $ 161,189 20% Rental Income - - Miscellaneous 9,582 2,840 Total Operating Revenues 2,740, , ,029 20% Operating Expenses: Personnel Costs 1,131, ,939 80,788 22% Maint & Operations 1,429, ,727 46,819 17% Total Operating Expenses 2,560, , ,607 19% Operating Income 179,658 53,768 36,422 30% Non-Operating Revenues (Expenses): Interest Revenue 1, % (Interest Expense)-Shop Advance (40,000) (1,701) 4% Asset Sales 2,070 2, % Transfer-in (General Fund) - - Rebate (Risk Fund) - - Transfer-out (General Fund) - - Total Non-Operating Revenues (35,955) % Net Income before Depreciation 143,703 54,658 36,440 38% Less: Depreciation (80,300) (20,075) (6,692) 25% Net Income $ 63,403 $ 34,583 $ 29,749 55% Capital Expenses 74,600-0% This financial statement is an interim statement and is unaudited. 7

8 Sewer Fund Statement of Net Assets Dec. 31, 2010 Dec. 31, 2010 Dec. 31, 2009 ASSETS Current Assets: Cash $ (280,017) Investments 34,294,598 Investments-Reserved 3,851 Investments-Loan Reserves 672,920 Accounts Receivable 1,891,826 less Reserve Bad Debt (165,293) 1,726,533 Sewer Dist. Receivable 2,563,146 less Reserve - 2,563,146 Accrued Interest Receivable 172,528 Grants Receivable - Assessments Receivable 2,355,841 Due From Other Funds 239,214 Advances to Other Funds-Geothermal 112,396 Inventory-Supplies 1,327,603 Inventory-Crop - Other Assets - Prepaid Expenses 444,029 Total Current Assets 43,632,642 42,716,884 Noncurrent Assets: Discount on WW Facility Note 153,113 Deferred Bond Costs for WW Fac Bond 49,756 Employee Advances 21,384 Total Noncurrent Assets 224, ,502 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 1,281,993 1,446,863 less: Accum. Depreciation (124,412,862) 238,442, ,001,598 Total Capital Assets (Net of Accum. Depreciation) 261,332, ,028,887 Total Assets $ 305,189,288 $ 301,999,273 8

9 Sewer Fund Statement of Net Assets pg.2 Dec. 31, 2010 Dec. 31, 2009 LIABILITIES Current Liabilities Accounts Payable $ 170,796 $ 101,930 Contracts Payable - - WW Facility Bonds, Current Portion 1,135,000 1,090,000 Capital Lease Payable, Current - - Loans Payable, Current Portion 456, ,912 Developer Trunk Trust 98,010 97,953 Accrued Payroll & Taxes Payable 540, ,803 Other Payables 763, ,466 Due to Other Funds 594,663 1,085,027 Lift Station Trust 121, ,878 3,880,452 4,244,969 Noncurrent Liabilities: Compensated Absences 795, ,527 Wastewater Facility Bonds Payable 11,125,000 12,260,000 Amort. Gain Of WWFRB 42,352 67,210 L.T. Loan Payable-RSP ,079 70,831 L.T. Loan Payable-RSP 053 1,005,181 1,080,874 L.T. Loan Payable-WBP 001 6,545,158 6,879,576 Barber Sewer Trust 211, ,643 Capital Lease Payable Total noncurrent liabilities: 19,748,469 21,330,661 *Total Liabilities 23,628,921 25,575,630 NET ASSETS Investment in capital assets, net of related debt 241,041, ,207,694 Reserved for Replacements: West Boise Sewer District 2,213,037 2,213,037 Garden City Sewer District 2,258,236 2,258,236 Unreserved (deficit) 36,047, ,560,367 34,744,676 Total Net Assets $ 281,560,367 $ 276,423,643 This financial statement is an interim statement and is unaudited. * Does not include $ 7,287,078 in outstanding PO encumbrances. 9

10 Sewer Fund Statement of Revenues and Expenditures Pg 1 For the 3 Month Period Ending December 31, 2010 Annual YTD Budget YTD Actual Current Month Percent Operating Revenues: Service Billing $ 21,429,520 $ 5,199,360 $ 1,897,185 24% Salary Reimbursement 882,631 25,418 25,418 3% Service-Garden City 1,348, , ,354 16% Bench 1,907, , ,973 17% NW Boise 624, , ,380 18% West Boise 1,415, , ,296 18% Owyhee Sewer District Eagle Sewer District 569,669 93,203 93,203 16% Geothermal % Septage Haulers Fees 118,860 26,440 26,440 22% WB Congeneration Recycling Farm Lease 15, % Crop Revenue 1,902,500 4,733 4,733 0% Capacity Rental Fees Donations Other 787, ,153 60,425 20% Total Operating Revenues 31,002,788 6,421,493 3,022,468 21% Operating Expenses: Salaries-Engineering 1,992, , ,114 26% Administration 1,386, ,812 84,125 18% Utility Billing 356, ,093 35,535 29% IT 3, % Boise WaterShed 98,194 24,600 8,522 25% Operations 357,298 98,050 32,685 27% Environmental 1,015, ,710 87,878 25% Line Maint. 1,475, , ,194 24% Central Lab 1,169, , ,697 28% Lander 1,017, ,327 90,141 27% Gowen Field - 2,065 - West Boise 1,124, , ,378 25% Bio-Solids 199,961 32,528 14,336 16% Lander Maintenance 520, ,145 46,930 27% West Boise Maintenance 748, ,201 59,621 25% Bio-Solids Application Site 654, ,577 37,515 22% Total Salaries ,004, ,671 25% 10

11 Sewer Fund Preliminary Statement of Revenues and Expenditures Pg 2 For the 3 Month Period Ending December 31, 2010 Annual YTD Actual Current Mo. YTD Budget Exp. or Rev. Exp. or Rev. Percent M&O- Bad Debt $ 300,000 $ 43,243 $ 8,684 14% Indirect Cost Reimb Indirect Cost Reimb-Capital Portion - 84,249 28,083 Personal Services-Capital Misc. Costs-Capital 6,032 1, % Developer Payback 1,000,000 19,574 1,400 2% Garden City Trunk Exp Engineering 235,176 32,438 12,668 14% Administration 2,991, , ,756 12% Utility Billing 702, ,391 34,751 27% IT Boise Watershed 26,288 5,036 2,204 19% Operations 126,109 7,239 6,509 6% Environmental 598,497 42,833 4,960 7% Line Maint. 510, ,597 52,839 20% Central Lab 282,047 51,310 18,234 18% Lander 1,082, ,723 69,841 15% West Boise 1,924, , ,719 15% Bio-Solids 159,839 22,852 14,654 14% Lander Maintenance 35,206 7,226 5,890 21% West Boise Maintenance 49,765 6,835 6,140 14% Bio-Solids Application Site 1,534, ,201 29,971 13% Total M&O Expense 11,564,519 1,622, ,806 14% Total Operating Expense 23,685,551 4,627,468 1,531,477 20% Operating Income 7,317,237 1,794,025 1,490,991 25% Non-Operating Revenue (Expenses): Art Commission Reimb. (43,290) (349) - 1% Operating Grants Interest Revenue 1,144, , ,252 23% Gain on Refinancing 40, % Property Sales Transfers in (General Fund) 489, % Interest on Advance Bond Interest Expense (542,305) (4,640) (1,547) 1% Loan Interest Expense (298,220) - - 0% Prepaid Bond Amortization (2,100) - - 0% Total Non-operating revenues(expenses) 788, , ,705 32% Net income (loss) before (Depreciation) and Capital Contributions 8,105,472 2,049,581 1,601,696 25% Depreciation: Boise City Customers(80%) (6,871,143) (1,752,420) (584,140) 26% Contract Agencies(20%) (1,717,786) (438,105) (146,035) 26% Total Depreciation (8,588,929) (2,190,525) (730,175) 26% Capital Contributions: Capital Contributions, Grants Connection Fees 1,735, , ,976 22% Equivalent Assessments 461,840 92,879 33,531 20% Other (including developer) 7, % Total Contributions 2,205, , ,507 21% Net Income after depreciation and capital contributions $ 1,721,835 $ 328,912 $ 1,059,028 19% Capital Assets 28,273,170 $ 1,281,993 $ 627,729 $ 5% This financial statement is an interim statement and is unaudited. 11

12 Sewer Enterprise Fund Statement of Changes in Financial Position Dec. 31, 2010 YTD Month Ending Sources of funds: Operations: Net income, before depreciation $ 2,049,581 $ 1,601,696 (which does not require current outlay of cash) Total funds from operations 2,049,581 1,601,696 Contributions and capital revenues 469, ,507 Increase in: Accounts payable Other payables 25,633 Due to other funds Bonds Payable-WW Facility Bonds Payable-Amort. Gain Loans/Capital Lease Payable Lift Station/ Developer Trust 1,100 - Decrease in: Accounts receivable 1,271, ,631 Sewer district receivables 587,632 Grants receivable Accrued interest receivable 129 Inventories-Crop & Supplies - - Due from other funds 2,118,137 1,510,116 Advances to Other Funds-Geothermal Prepaid Expenses 68,163 Other Assets - - Discount on WW Facility Bonds 4,641 1,547 Deferred Bonds Costs for WW Facility 1, Employee Advances 18 6 WW Facility Bond Fund Total sources of funds 6,529,106 3,588,298 Uses of funds: Additions to Capital Assets $ 1,281,993 $ 627,729 Increase in: Accounts receivable Sewer district receivables 555,783 Grants receivable Accrued interest receivable 282 Inventories-Crop & Supplies Due from other funds Advances to Other Funds-Geothermal 17 6 Prepaid Expenses 443,575 Deferred Bonds Costs for WW Facility Employee Advances WW Facility Bond Fund 12

13 Page 2 Decrease in: Accounts payable 1,286, ,097 Contracts payable 109,472 - Other payables 11,295 Due to other funds 2,026,654 1,668,668 Compensated absences 2, Bonds payable-ww Facility - - Bonds Payable-Amort. Gain - - Lift Station/Developer Trust Loans/Capital Lease Payable - Total uses of funds 5,150,876 3,177,469 Increase (decrease) in cash and short-term investments 1,378, ,829 Cash and short-term investments at beginning of period 33,313,122 34,280,523 Cash and Short-Term Investments at End of Period $ 34,691,352 $ 34,691,352 This financial statement is an interim statement and is unaudited. 13

14 Irrigation Fund Statement of Net Assets Dec. 31, 2010 Assets Dec. 31, 2010 Dec. 31, 2009 Current Assets: Cash $ Investments 57,957 50,357 Accounts Receivable (1,442) 147 Assessments Receivable 3,034 2,119 Due from Other Funds - 76 Prepaid Expenses - 0 Total Current Assets 59,590 52,748 Capital Assets: Buildings - Improvements - Service lines 149, ,079 Furniture and Equipment 114, ,929 Construction-In-Progress-Current Year - Less Allowance for Depreciation (58,324) 205,684-49,486 Total Assets $ 265,274 $ 267,270 Liabilities: Accounts Payable $ Contracts Payable - Due to Other Funds 1,615 1,072 Advances-Other Funds - Developer Payback 10,180 10,180 Other Accrued Liabilities 3,897 4,158 Total Liabilities 15,735 15,434 Net Assets Investment in Capital Assets, net of related debt 205, ,522 Unreserved (deficit) 43,855 37,314 Total Net Assets $ 249,539 $ 251,836 This financial statement is an interim statement and is unaudited. 14

15 Irrigation Fund Statement of Revenues and Expenditures For the Period Ending December 31, 2010 Annual YTD Budget YTD Actual Current Month Percent Operating Revenues: Irrigation Assessments $ 28,390 $ - 0% Plan Check Review - - Irrig. District Assessments 3,020-0% Lateral Assessments 440-0% MID Admin & Misc. Revenue 930-0% - Total Operating Revenue 32, % Operating Expenses: Personnel Costs - - Supplies & Materials 65-0% Contractual Services 24,209 2,593 (20) 11% Ind. Cost Reimb. 13,383 2, % Total Operating Expenses 37,657 5, % Operating Income (4,877) (5,347) (898) 110% 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 (5,338) (895) -52% and Contributions Less: Depreciation (8,838) (2,946) (1,473) 33% Capital Contributions: Developer 0 - Net Income $ 1,500 $ (8,284) $ (2,368) -552% 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 Dec. 31, 2010 Assets 12/31/ /31/2009 Current Assets: Cash $ (3,605) $ (3,697) Investments 503, ,583 Accounts Receivable 98, ,450 Grants Receivable 196,318 - Due from Other Funds Inventory-Supplies 168, ,511 Prepaid Expenses 1, Total Current Assets 964, ,884 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 492, ,981 Less Accum. Depr. (3,212,023) 4,091,522 (3,054,607) Total Capital Assets (Net of Accum Depr.) 4,583,762 4,577,554 Total Assets $ 5,548,465 $ 5,107,438 Liabilities Accounts Payable $ - Contracts Payable - - Due to Other Funds 33,082 13,943 Advances Payable - Sewer 112, ,336 Accrued Payroll & Taxes Liability 10,445 4,955 Other Accrued Liabilities 83, ,969 Total Liabilities * 239, ,203 Net Assets Investment in capital assets, net of related debt 4,583,762 4,577,554 Unreserved (deficit) 725, ,681 Total Net Assets $ 5,308,965 $ 4,853,235 * Does not include $ 284,563 in outstanding PO encumbrances 17

18 Geothermal Fund Statement of Revenues and Expenditures For the Period Ending December 31, 2010 Annual YTD Budget YTD Actual Current Month Percent Operating Revenues: Water Sales $ 632,490 $ 199,881 $ 106,280 32% Direct Reimb. 9,000-0% Misc. Revenue 2, Total Operating Revenue 641, , ,320 32% Operating Expenses: - Personnel Costs 92,645 24,315 7,907 26% Supplies & Materials 468-0% Contractual Services 320,450 30,859 7,338 10% Ind. Cost Reimb. (26,306) (3,107) 3,107 12% Total Operating Expenses 387,257 52,068 18,352 13% Operating Income 254, ,616 87,968 59% Non-Operating Revenues (Expenses): Interest Revenue 7, % Interest Expense (7,651) (17) (6) 0% Transfer in - Transfer (out) (100,000) (24,999) (8,333) 25% Total Non-Operating Revenues (Exp) (99,685) (24,539) (8,194) 25% Net Income (Loss) before Depr & Capital C 154, ,078 79,775 82% Less: Depreciation (166,895) (41,724) (13,908) 25% Capital Contributions: Grants (HUD)/ Other (State of Idaho) 3,502, % Grants-Stimulus Funds (DOE) - 35,477 Net Income after Depr and Capital Contribu $ 3,490,379 $ 84,354 $ 101,344 2% Capital Assets 4,613,625 41,554 32,198 1% This financial statement is an interim statement and is unaudited. 18

19 Statement of Changes in Financial Position Geothermal Enterprise Fund December 31, 2010 YTD Month Ending Sources of funds: Operations: Net income, before depreciation $ 126,078 $ 79,775 (which does not require current outlay of cash) Total funds from (used in) operations 126,078 79,775 Contributions and capital revenues - 35,477 Increase in: Accounts Payable Advances payable-sewer 17 6 Other accrued liabilities Due to other funds 7,659 Compensated Absences Decrease in: Accounts receivable Inventory-Supplies Due from other funds 14,043 8,841 Grants receivable 35,478 - Prepaid expenses 102 Employee Advances Total sources of funds 175, ,860 Uses of funds: Additions to property, plant & equipment 41,554 32,198 Increase in: Accounts receivable 79,572 33,703 Inventory Supplies Due from Other Funds Prepaid expenses 1,127 Decrease in: Accounts payable 45,677 6,155 Advances payable-sewer Contracts payable - - Due to other funds 27,770 Other Accrued Liabilities 11,292 11,761 Total uses of funds 206,991 83,817 Increase (decrease) in cash and short-term investments (31,376) 48,043 Cash and short-term investments at beginning of period 531, ,902 Cash and Short-Term Investments at End of Period $ 499,945 $ 499, This financial statement is an interim statement and is unaudited.

20 Solid Waste Fund Preliminary Statement of Net Assets Dec. 31, 2010 Dec. 31, 2010 Dec. 31, 2010 Assets Current Assets: Cash $ 85,183 $ 42,589 Investments 1,775,016 3,015,986 Accounts Receivable 1,839,881 Less Reserve Bad Debt (144,719) 1,695,162 1,741,799 Accrued Interest Receivable 6,787 1,961 Assessments Receivable - - Due From Other Funds 21,176 8,536 Other Assets - Prepaid Expenses 11,201 8,934 Total Current Assets 3,594,525 4,819,805 Noncurrent Assets: Employee Advances Receivable Meth Lab Clean-Up Loans Receivable - Advances-City Shop Fund 654, ,272 Total Noncurrent Assets 655, ,072 Capital Assets: Automobiles and Trucks 120,540 Machinery and Equipment 258,558 Public Art Collection 25,629 Less Accum. Depr. (175,253) 229, ,908 Construction-in Progress, Booked - - Construction-in-Progress, Current Year - 43,932 Total Capital Assets ( Net of Accum. Deprec.) 229, ,840 Total Assets $ 4,479,269 $ 5,810,717 Liabilities: Current Liabilities: Accounts Payable 1,626,305 2,690,054 Contracts Payable - - Accrued Payroll and Taxes Payable 14,747 20,193 Trash Deposits Payable - - Due to Other Funds 139, ,196 Unearned Revenue 478, ,911 Other accrued liabilities - - Total Current Liabilities 2,258,124 3,394,354 Noncurrent Liabilities: Compensated Absences 36,286 19,628 Total Liabilities* 2,294,410 3,413,982 Net Assets Investment in Capital Assets, Net of related debt 229, ,840 Unreserved (deficit) 1,955,385 2,111,895 Total Net Assets $ 2,184,859 $ 2,396, This financial statement is a interim statement and is unaudited. * Does not include $154,237 in outstanding PO encumbrances.

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22 Solid Waste Fund Preliminary Statement of Revenues and Expenditures For the 3 Month Period Ending Dec. 31, 2010 Annual YTD Operating Revenues: Budget YTD Actual Current Month Percent PROGRAM DEV/MGMT: Households-O&M $ 12,217,800 $ 2,824,090 $ 938,756 23% Commercial- Regular,Recycling and On-Call 12,523,150 2,991, ,730 24% Interest & Penalities 332,340 61,863 19,387 19% Misc. Revenue 41,430 14,193 4,142 0% Transfer Ins - - 0% Total Operating Revenues 25,114,720 5,891,727 1,932,014 23% - Operating Expenses: Personnel Costs 366,942 90,151 28,630 25% Supplies & Materials 405,959 15,070 7,698 4% Maintenance & Operation 288,809 32,397 17,212 11% Leaf Collection 92,000 75,498 75,489 82% Xmas Trees 20,000-0% Glass Recycling 46,500 14,333 6,446 31% Special Recycling/Environmental Programs 9, % Strategic Plan Consulting/Mgmt - - Advertising 35,000 8,264 1,682 24% Allied Contract Recycling - - Household Recycling 2,001, , ,958 27% Business Recycling 315, ,415 37,810 36% Household Trash/Appliance 5,695,900 1,549, ,109 27% Business Trash 5,449,100 1,314, ,392 24% Utility Billing Services 575, ,646 45,882 24% Franchise 1,160, ,733 91,593 24% School Recyling 2,600-0% Downtown Trash 18,725 1,493 8% Landfill-Commercial/Residential/Special 7,321,709 1,541, ,963 21% Cross Charges 75,038-0% Indirect Cost Reimb. 299,038 59,858 19,953 20% Collections Staff Support 201,000 16,613 (15,553) 8% Arts Reimb % Junk Cars-Towing 200-0% Environmental Education 48,134 12,036 4,012 25% Misc. Expenses 25-0% Bad debt expense 200,000 8,601 3,600 4% Low Income Discount 10,426 4,037 1,349 39% Transfer Out-UB Rewrite 489,750-0% Transfer Charges 103,000 25,750 8,583 25% Total operating expenses 25,232,298 5,843,434 1,915,804 23% Non-Operating Revenues(Expenses): Operating Grants Net Income(Loss) before Depreciation (117,578) 48,293 16,211-41% Less Depreciation (39,942) (9,986) (3,329) 25% Net Income After Depreciation $ (157,520) $ 38,308 $ 12,882-24% 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 3 Month Period Ending December 31, 2010 ASSETS Dec. 31, 2010 Dec. 31, 2010 Current Assets: Cash and cash equivalents $ 1,222,156 $ 1,658,791 Investments 4,160,977 6,885,414 Receivables: Accounts and interest 62,596 59,306 Interfund receivables 13,095 25,601 Prepaid items - Total current assets 5,458,824 8,629,112 Total assets $ 5,458,824 $ 8,629,112 LIABILITIES Current Liabilities: Accounts Payable * $ 583,647 - Self Insurance Claims 1,366,000 1,320,000 Other accrued liabilities (18) 602 Interfund Payables 25,569 4,977 Total current liabilities 1,975,198 1,325,579 Total liabilities 1,975,198 1,325,579 NET ASSETS Invested in capital assets Reserved for future claims 3,483,626 7,303,533 Total net assets $ 3,483,626 $ 7,303,533 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. 1) Negative balance is due to the current month's insurance accrual is done in the subsequent month. Does not include $ 800 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 3 Month Period December 31, 2010 Annual YTD Budget YTD Actual Current Month Percent Operating Revenues: Charges for Services: Retirees Share $ 962,030 $ 181,531 $ 63,252 19% COBRA Share 430,084 86,816 28,497 20% Employee/Employer Share * 23,200,175 2,846, ,345 12% Pharmacy Rebate 132,482 44,644 44,644 34% Misc. Revenue - - Employee Wellness Revenue 12,000-0% Total Operating Revenues 24,736,771 3,159,042 1,074,737 13% Operating Expenses: Personnel Services Professional Services 95,424 94,518 48,383 99% Administrative Services 1,820, , ,669 15% Claims-Active 22,544,697 4,514,430 2,013,238 20% Claims-Retirees - 145,794 81,105 Claims-IBNR - Purchased Services - 1,799 Contractual Services-Employee Wellness 330,368 88,248 29,054 27% Total Operating Expenses 24,791,469 5,115,564 2,304,449 20% Operating Income (loss) (54,698) (1,956,522) (1,229,712) 3577% Non-Operating Revenues (Expenses) Interest Revenue 150,000 13,374 4,100 9% Total Non-Operating Revenues 150,000 13,374 4,100 9% Income before operating transfers 95,302 (1,943,148) (1,225,612) -2039% Interfund Transfers in Interfund Transfers out - Change in net assets 95,302 (1,943,148) (1,225,612) -2039% Total net assets-beginning - - Total net assets-ending $ 95,302 $ (1,943,148) $ (1,225,612) -2039% * 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. 24

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