CITY OF BOISE Airport Fund Statement of Net Assets June 30, 2012

Transcription

1 CITY OF BOISE Airport Fund Statement of Net Assets June 30, 2012 ASSETS 06/30/12 06/30/11 Current assets: Cash $ (910,908) $ 266,088 Investments 20,129,330 17,961,993 Invest-Pfc 14,935,055 11,036,158 Invest-Car Rental Facility 5,670,942 4,743,352 Invest-Parking Garage 5,652,059 5,319,045 Accounts Receivable 1,396,087 Less Reserve Bad Debt (28,383) 1,367,704 1,383,115 Interest Receivable 149, ,838 Grants Receivable 882, ,836 Advances-Other Funds 65,229 72,615 Due from Other Funds 10,151 18,163 Inventory-Supplies 611, ,843 Prepaid Commerce Street Prepaid Rent Prepaid Expenses 112, ,265 Total Current Assets 48,675,374 42,251,311 Noncurrent assets: Deferred Bond Financing Costs 380, ,701 Discount of Bonds Payable Employee Advances Receivable 7,142 7,142 Total Noncurrent Assets 387, ,843 Restricted Assets: Restricted Investment-PTT 474, ,549 Terminal Bond Payment Fund 13,533 Terminal Expansion Payment Fund Airport Land Sales 915,358 Total Restricted Assets 1,389, ,082 Capital Assets: Land 18,371,941 18,371,941 Buildings 126,972, ,852,203 Runways & Taxiways, Other Improvements 90,293,047 89,645,994 Machinery & Equipment 30,843,985 30,509,770 Software 368, ,974 Other Capital Assets 559, ,401 Constr. in Progress-booked 4,738,174 4,409,483 Constr. in Progress-Current Year 5,073,670 4,053,221 Less Accum. Depreciation (120,442,491) 128,594,394 (111,373,281) Total Capital Assets (Net of Accum. Depreciation) 156,778, ,246,706 Total assets $ 207,231,192 $ 205,471,942 1

2 Airport Fund Statement of Net Assets (continued) 06/30/12 06/30/11 LIABILITIES Current Liabilities: Accounts Payable $1,004,021 $782,961 Bonds Payable-Prkg Garage, Current 1,360,000 Bonds Payable-Terminal Expansion, Current 2,860,000 1,400,000 Contracts Payable Accrued Payroll & Taxes Liability 263,873 Other Payables 1,094,753 1,372,854 Due to Other Funds 1,064, ,216 Total Current Liabilities 6,023,646 5,800,904 Noncurrent Liabilities: Compensated absences 369, ,984 Premium/Deferred Refunding** 709, ,491 LOC-Terminal Construction 293 Bonds Payable-Terminal Expansion** 28,220,000 31,080,000 Total noncurrent liabilities 29,299,388 32,331,768 * Total Liabilities 35,323,034 38,132,672 NET ASSETS Investment in capital assets, net of related debt 127,848, ,914,938 Unreserved (deficit) 44,059,860 37,424,332 Total Net Assets $ 171,908,158 $ 167,339,270 * Does not include $8,073,564 in outstanding PO encumbrances. ** Terminal Expansion (refunding April 2011) 2

3 CITY OF BOISE Airport Fund Statement of Revenues, Expenditures and Changes in Fund Net Assets For the Period Ending June 30, 2012 Annual Budget Actual Current Month Percent Operating Revenues: Airline Landing Fees $ 3,487,500 $ 2,182,886 $ 248,794 63% Airline Rent 3,689,540 2,676, ,605 73% Parking Fees 7,494,906 5,542, ,104 74% Car Rental 3,312,791 2,609, ,120 79% Concessions 1,539,792 1,089, ,146 71% Rental Income 2,384,935 1,803, ,228 76% Corporate Sponsorship/Donations 24,000 0% Inflight Food Sales 348, ,537 34,098 79% Other 642, ,141 68,304 78% Total Operating Revenues 22,923,711 16,682,426 1,871,399 73% Operating Expense: Personnel Services 6,513,435 4,349, ,067 67% Administration Expenses 3,465, , ,112 29% Materials & Supplies 3,298,716 1,644, ,228 50% Professional Services 5,310,319 4,005, ,553 75% Purchased Services 571, ,603 42,884 75% Utilities & Communications 1,381, ,226 83,728 59% Total Operating Expenses 20,541,233 12,235,566 1,415,572 60% Operating Income (loss) 2,382,478 4,446, , % Non-Operating Revenues(Expenses): Passenger Facility Charges 5,801,120 3,971, ,415 68% Customer Facility Charge (Car Rentals) 722, ,441 64,936 77% Operating Grants 432, ,663 58,268 93% Operating transfers in 34,027 14,542 2,836 43% Operating Transfers (out) (88,171) 0% Interest Revenue 485, ,437 33,260 61% Interest Expense (1,560,488) (545,479) 12,324 35% Asset Sales 29,848 Property Sales Total Non-Operating Revenue (expenses) 5,826,853 4,724, ,039 81% Net Income(Loss) before Depreciation and Capital Contributions 8,209,331 9,171,588 1,183, % (Less): Depreciation (12,317,773) (9,238,330) (1,026,481) 75% Capital Contributions, Grants 10,590,000 3,706, ,524 35% Capital Contributions, Donations Change in net assets 6,481,558 3,640, ,909 56% Total net assets-beginning 168,268, ,268, ,963, % Total net assets-ending $ 174,749,583 $ 171,908,158 $ 171,908,158 98% Capital Expenses 24,450,497 5,073, ,804 21% 3

4 City of Boise Statement of Changes in Financial Position Airport Fund For the Period Ending June 30, 2012 Month Ending 06/30/12 06/30/12 Sources of funds: Operations: Net income, before depreciation $ 9,171,588 $ 1,183,866 (which does not require current outlay of cash) Plus Excess of Proceeds from Land Sale/Gain Total funds from operations 9,171,588 1,183,866 Contributions and capital revenues 3,706, ,524 Increase in: Accounts payable 671,295 Contracts payable Other payables 3,573 Due to other funds 444, ,649 Bond Premium/Deferred Refunding Payable LOC-Terminal Construction Bonds payable Decrease in: Accounts receivable Employee advances Grants receivable 944,046 Inventory-supplies Accrued interest receivable Prepaid expenses 22,930 Due from other funds 33,660 14,700 Bond Discounts/Financing Costs 55,727 6,192 Cash and investments with fiscal agent/restricted assets 11,220 Total sources of funds 14,367,909 2,845,729 Uses of funds: Additions to Capital Assets 5,073, ,804 Increase in: Accounts receivable 105, ,784 Employee advances Grants receivable 58,268 Inventory-supplies Additions to Capital Assets Increase in: Accrued interest receivable 23,880 5,468 Prepaid expenses 49,039 Due from other funds Bond Discounts/Financing Costs Cash and investments with fiscal agent/restricted assets 4

5 Airport Fund Statement of Changes in Financial Position (continued) Month Ending 06/30/12 06/30/12 Uses of funds (continued): Decrease in: Accounts payable 1,164,824 Contracts payable 1,324,838 Other payables 447,315 Compensated absences 4, Due to other funds Bond Premium/Deferred Refunding Payable 110,917 12,324 LOC-Terminal Construction 293 Bonds payable Total uses of funds 8,304,751 1,188,138 Increase (decrease) in cash and short-term investments 6,063,158 1,657,591 Cash and short-term investments at beginning of period 39,413,320 43,818,887 Cash and Short-Term Investments at End of Period $ 45,476,478 $ 45,476,478 5

6 City of Boise Fleet Services Fund Statement of Net Assets June 30, 2012 Assets 06/30/12 06/30/11 Current Assets: Cash $ (2,607) $ (19,413) Investments 361, ,102 Accounts Receivable 2,259 Accrued Interest Receivable Due from Other Funds 360, ,227 Due from Govt. Inventories: Supplies 12,220 12,606 Diesel Licenses Prepaid expenses 8,735 7,865 Total Current Assets 743, ,387 Noncurrent Assets: Employee Advances Receivable 3,121 3,150 Total Noncurrent Assets 3,121 3,150 Capital Assets: Land Buildings and Improvements 1,298,690 1,298,690 Automotive Equipment 518, ,115 Machinery and Equipment 168, ,785 Other Assets 116,540 73,940 Less Accum. Depr. (1,371,593) 731,370 (1,008,246) Construction in Progress Construction in progress-current year 42,600 Total Capital Asets (Net of Accum. Depr.) 731, ,884 Total Assets $ 1,477,960 $ 1,388,421 Liabilities Current Liabilities: Accounts Payable $ 157,719 $ 172,068 Contracts Payable Accrued Payroll & Taxes Payable 44,709 Due to Other Funds 144,259 38,550 Advance from Airport Fund 65,229 72,615 Other Payables Total Current Liabilities 367, ,396 Noncurrent Liabilities: Compensated Absences 97,163 98,214 Unearned Revenue-Rent Advance from Solid Waste Fund-New Facility 569, ,377 Total Noncurrent Liabilites 666, ,591 Total Liabilities * 1,034,418 1,052,987 Net Assets Investment in Capital Assets, net of related debt 161, ,507 Unreserved (deficit) 281, ,927 Total Net Assets $ 443,542 $ 335,434 * Does not include $216,672 in outstanding PO encumbrances. 6

7 CITY OF BOISE Fleet Services Fund Statement of Revenues, Expenditures and Changes in Fund Net Assets For the Period Ending June 30, 2012 Annual Budget Actual Current Month Percent Operating Revenues: Charges for Services $ 2,966,118 $1,888,836 $ 249,526 64% Rental Income Miscellaneous Total Operating Revenues 2,966,118 1,888, ,526 64% Operating Expenses: Personnel Costs 950, ,167 83,250 75% Maint & Operations 1,806,147 1,113, ,184 62% Total Operating Expenses 2,756,399 1,825, ,434 66% Operating Income 209,719 63,047 25,092 30% Non-Operating Revenues (Expenses): Interest Revenue % (Interest Expense)-Shop Advance (21,000) (6,954) (770) 33% Asset Sales 10,000 1,305 13% Transfer-in (General Fund) Rebate (Risk Fund) Transfer-out (General Fund) Total Non-Operating Revenues (10,800) (5,559) (741) 51% Net Income before Depreciation 198,919 57,488 24,351 29% Less: Depreciation (83,500) (62,624) (6,958) 75% Changes in net assets 115,419 (5,136) 17,393-4% Total net assets-beginning 448, , , % Total net assets-ending $ 564,097 $ 443,542 $ 443,542 79% * Revenue from sale of surplus vehicles transferred to fleet. Capital Expenses 64,000 0% 7

8 City of Boise Sewer Fund Statement of Net Assets June 30, /30/12 06/30/11 ASSETS Current Assets: Cash $ (1,870,765) (271,926) Investments 37,987,689 34,931,112 Investments-Reserved 3,851 3,851 Investments-Loan Reserves 679, ,014 Accounts Receivable 1,367,649 less Reserve Bad Debt (265,506) 1,102,143 1,773,781 Sewer Dist. Receivable 3,280,729 less Reserve 3,280,729 2,482,093 Accrued Interest Receivable 118, ,721 Grants Receivable Assessments Receivable 2,216,739 2,456,043 Due From Other Funds 294, ,852 Advances to Other Funds-Geothermal 112, ,405 Inventory-Supplies 1,473,626 1,327,603 Inventory-Crop Other Assets Prepaid Expenses 102, ,390 Total Current Assets 45,501,363 44,055,939 Noncurrent Assets: Discount on WW Facility Note 125, ,834 Deferred Bond Costs for WW Fac Bond 40,710 46,741 Employee Advances 19,162 21,351 Total Noncurrent Assets 185, ,926 Restricted Assets: Wastewater Facility Bond Fund Total Restricted Assets: Capital Assets: Land 13,946,589 13,946,589 Intangible Assets, non depreciating 461, ,638 Buildings & Improvements 133,666, ,970,369 Sewer Lines 186,477, ,441,552 Automobiles & Trucks 8,145,643 7,873,894 Machinery & Equipment 42,495,611 39,604,518 Other Assets 1,078, ,779 Construction in Progress-Booked 6,143,499 7,208,923 Construction in Progress-Current Year 9,221,928 5,506,853 less: Accum. Depreciation (136,547,630) 235,316,511 (128,793,912) Total Capital Assets (Net of Accum. Depreciation) 265,090, ,176,203 Total Assets $ 310,776,609 $ 305,444,068 8

9 Sewer Fund Statement of Net Assets (continued) 6/30/12 6/30/11 LIABILITIES Current Liabilities Accounts Payable $ 1,524,898 $ 530,769 Contracts Payable WW Facility Bonds, Current Portion 1,180,000 Capital Lease Payable, Current Loans Payable, Current Portion 425, ,591 Developer Trunk Trust 98,042 98,030 Accrued Payroll & Taxes Payable 572,680 Other Payables 740, ,182 Due to Other Funds 1,571, ,382 Lift Station Trust 129, ,272 5,670,657 2,891,906 Noncurrent Liabilities: Compensated Absences 856, ,008 Wastewater Facility Bonds Payable 8,765,000 11,125,000 Amort. Gain Of WWFRB 24,672 42,352 L.T. Loan Payable-RSP ,079 L.T. Loan Payable-RSP ,444 1,005,181 L.T. Loan Payable-WBP 001 6,026,155 6,545,158 Barber Sewer Trust 244, ,602 Capital Lease Payable - Total noncurrent liabilities: 16,804,424 19,743,380 *Total Liabilities 22,475,081 22,635,286 NET ASSETS Investment in capital assets, net of related debt 247,805, ,246,194 Reserved for Replacements: West Boise Sewer District 2,888,527 2,524,599 Garden City Sewer District 2,819,781 2,535,680 Unreserved (deficit) 34,787, ,301,528 35,502,309 Total Net Assets $ 288,301,528 $ 282,808,782 * Does not include $8,400, in outstanding PO encumbrances. 9

10 CITY OF BOISE Sewer Fund Statement of Revenues, Expenditures and Changes in Fund Net Assets For the Period Ending June 30, 2012 Annual Budget Actual Current Month Percent Operating Revenues: Service Billing $ 21,740,920 $ 16,313,588 $ 1,833,146 75% Salary Reimbursement 829, ,271 12% Service-Garden City 1,224, , ,062 65% Bench 1,813,900 1,288, ,462 71% NW Boise 519, ,047 75, % West Boise 1,353,800 1,029, ,645 76% Owyhee Sewer District Eagle Sewer District 615, ,679 71,297 78% Geothermal 730 1, % Septage Haulers Fees 118, ,705 16,938 97% WB Congeneration Recycling Farm Lease 19,000 0% Crop Revenue 1,750, , ,386 11% Capacity Rental Fees 26,565 Donations Other 706, , ,284 75% Total Operating Revenues 30,693,837 21,559,887 2,667,859 70% Operating Expenses: Salaries-Engineering 2,153,444 1,661, ,754 77% Administration 1,161, ,992 92,688 65% Utility Billing 376, ,829 34,009 76% IT Boise WaterShed 88,673 74,443 8,961 84% Operations 395, ,910 42,265 84% Environmental 1,011, ,991 86,486 73% Line Maint. 1,495,787 1,156, ,454 77% Central Lab 1,272,917 1,018, ,981 80% Lander 1,083, ,102 98,743 76% Gowen Field West Boise 1,183, , ,119 78% Bio-Solids 205, ,801 31,956 96% Lander Maintenance 558, ,835 55,222 80% West Boise Maintenance 878, ,546 70,876 64% Bio-Solids Application Site 646, ,059 80,923 68% Total Salaries 12,512,858 9,406,978 1,182,437 75% 10

11 CITY OF BOISE Sewer Fund Statement of Revenues, Expenditures and Changes in Fund Net Assets For the Period Ending June 30, 2012 Annual Actual Current Mo. Budget Exp. or Rev. Exp. or Rev. Percent M&O- Bad Debt $ 252,000 $ 218,135 $ 5,263 87% Indirect Cost Reimb. Indirect Cost Reimb-Capital Portion 291, ,896 24,321 75% Personal Services-Capital Misc. Costs-Capital 6,273 11, % Developer Payback 400, ,267 10,290 32% Garden City Trunk Exp Engineering 301, ,869 23,563 65% Administration 2,495,042 1,634, ,366 66% Utility Billing 670, ,365 24,491 80% IT 3,471 0% Boise Watershed 19,900 11, % Operations 70,229 79,099 2, % Environmental 379, ,275 14,779 61% Line Maint. 402, ,433 30,347 75% Central Lab 234, ,264 20,167 71% Lander 1,633, ,630 60,413 31% West Boise 1,647,094 1,036, ,058 63% Bio-Solids 131, ,271 9,975 99% Lander Maintenance 20,275 9, % West Boise Maintenance 10,501 6, % Bio-Solids Application Site 1,456, ,144 69,194 55% Total M&O Expense 10,426,457 6,228, ,486 60% Total Operating Expense 22,939,315 15,635,549 1,768,923 68% Operating Income 7,754,522 5,924, ,936 76% Non-Operating Revenue (Expenses): Art Commission Reimb. (57,855) (880) (415) 2% Operating Grants 4,500 0% Interest Revenue 949, ,336 51,868 48% Gain on Refinancing 25,000 0% Property Sales Transfers in (General Fund) 111,360 0% Interest on Advance Bond Interest Expense (483,289) (186,554) (1,547) 39% Loan Interest Expense (280,964) (132,879) 47% Prepaid Bond Amortization (2,100) (2,100) 100% Total Non-operating revenues(expenses) 266, ,923 49,906 48% Net income (loss) before (Depreciation) and Capital Contributions 8,020,674 6,053, ,842 75% Depreciation: Boise City Customers(80%) (6,809,760) (5,286,680) (589,900) 78% Contract Agencies(20%) (1,702,440) (1,321,670) (147,475) 78% Total Depreciation (8,512,200) (6,608,350) (737,375) 78% Capital Contributions: Capital Contributions, Grants Connection Fees 1,377,942 2,093, , % Equivalent Assessments 344, ,478 11,860 63% Other (including developer) 8,050 0% Total Contributions 1,730,292 2,310, , % Changes in net assets 1,238,766 1,755, , % Total net assets-beginning 286,546, ,546, ,690, % Total net assets-ending $ 287,785,031 $ 288,301,528 $ 288,301, % Capital Assets $ 32,990,150 $ 9,221,928 $ 1,308,672 28% 11

12 City of Boise Sewer Enterprise Fund Statement of Changes in Financial Position For the Period Ending June 30, 2012 Month Ending Sources of funds: 06/30/12 06/30/12 Operations: Net income, before depreciation $ 6,053,261 $ 948,842 (which does not require current outlay of cash) Total funds from operations 6,053, ,842 Contributions and capital revenues 2,310, ,932 Increase in: Accounts payable 399,897 Other payables 52,234 Due to other funds 834, ,915 Bonds Payable-WW Facility Bonds Payable-Amort. Gain Loans/Capital Lease Payable Lift Station/ Developer Trust 2,527 0 Decrease in: Accounts receivable 2,265,919 Sewer district receivables Grants receivable Accrued interest receivable 15,905 Inventories-Crop & Supplies Due from other funds 686,954 Advances to Other Funds-Geothermal Prepaid Expenses 33,851 Other Assets Discount on WW Facility Bonds 13,919 1,546 Deferred Bonds Costs for WW Facility 4, Employee Advances WW Facility Bond Fund Total sources of funds 12,188,034 1,946,719 12

13 Sewer Fund Statement of Changes in Financial Position (continued) Month Ending 06/30/12 06/30/12 Uses of funds: Additions to Capital Assets $ 9,221,928 $ 1,308,672 Increase in: Accounts receivable 37,368 Sewer district receivables 388, ,688 Grants receivable Accrued interest receivable 1,091 Inventories-Crop & Supplies Due from other funds 22,433 Advances to Other Funds-Geothermal Prepaid Expenses 101,439 Deferred Bonds Costs for WW Facility Employee Advances WW Facility Bond Fund Decrease in: Accounts payable 331,962 Contracts payable 130,103 Other payables 742,803 Due to other funds Compensated absences 5, Bonds payable-ww Facility 1,180,000 Bonds Payable-Amort. Gain Lift Station/Developer Trust Loans/Capital Lease Payable 234,992 Total uses of funds 12,337,362 1,527,671 Increase (decrease) in cash and short-term investments (149,328) 419,048 Cash and short-term investments at beginning of period 36,949,717 36,381,341 Cash and Short-Term Investments at End of Period $ 36,800,389 $ 36,800,389 13

14 City of Boise Irrigation Fund Statement of Net Assets June 30, 2012 Assets 6/30/12 6/30/11 Current Assets: Cash $ 407 $ 362 Investments 85,657 74,856 Accounts Receivable 145 (1,444) Assessments Receivable 6,658 5,758 Due from Other Funds 102 Inventory-Supplies 269 Prepaid Expenses Total Current Assets 93,238 79,532 Capital Assets: Buildings Improvements Service lines 149, ,079 Furniture and Equipment 114, ,929 Construction-In-Progress-Current Year Less Allowance for Depreciation (71,181) 192,827 (62,743) Total Assets $ 286,065 $ 280,797 Liabilities: Accounts Payable $ 425 $ 583 Contracts Payable Due to Other Funds 1,105 3,539 Advances-Other Funds Developer Payback 10,180 10,180 Other Accrued Liabilities 7,971 7,893 Total Liabilities 19,681 22,195 Net Assets Investment in Capital Assets, net of related debt 192, ,265 Unreserved (deficit) 73,557 57,337 Total Net Assets $ 266,384 $ 258,602 14

15 City of Boise Irrigation Fund Statement of Revenues, Expenditures and Changes in Fund Net Assets For the Period Ending June 30, 2012 Annual Budget Actual Current Month Percent Operating Revenues: Irrigation Assessments $ 27,181 $ 28,424 $ - 105% Plan Check Review Irrig. District Assessments 3,718 0% Lateral Assessments 440 0% MID Admin & Misc. Revenue % Total Operating Revenue 32,259 29,340 91% Operating Expenses: Personnel Costs Supplies & Materials 78 0% Contractual Services 26,802 11,673 1,310 44% Ind. Cost Reimb. 9,486 7, % Total Operating Expenses 36,366 18,791 2,101 52% Operating Income (4,107) 10,549 (2,101) -257% Non-Operating Revenues (Expenses): Direct Reimbursement City Contribution/TI General Fund 16,823 0% Interest Revenue % Interest Expense Total Non-Operating Revenues (Exp) 17, % Net Income (Loss) before Depreciation and Contributions 13,073 10,607 (2,094) 81% Less: Depreciation (8,838) (6,629) (736) 75% Capital Contributions: Developer Changes in net assets 4,235 $ 3,978 $ (2,831) 94% Total net assets-beginning 262,406 $ 262,406 $ 269, % Total net assets-ending $ 266,641 $ 266,384 $ 266, % Capital Assets 15

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17 City of Boise Geothermal Fund Statement of Net Assets June 30, 2012 Assets 6/30/12 06/30/11 Current Assets: Cash $ (116,284) $ (68,596) Investments 50,849 53,255 Accounts Receivable (6,574) 15,193 Grants Receivable 208, ,318 Due from Other Funds Inventory-Supplies 162, ,722 Prepaid Expenses Total Current Assets 299, ,259 Noncurrent Assets: Employee Advances Total Noncurrent Assets Capital Assets: Intangible Assets 8,608 8,608 Buildings 109, ,959 Improvements 2,174,922 2,174,922 Service lines 5,069,331 4,617,035 Furniture and Equipment 398, ,021 Construction in Progress 2,555,885 1,204,929 Less Accum. Depr. (3,456,089) 4,305,317 (3,295,471) Total Capital Assets (Net of Accum Depr.) 6,861,202 5,213,003 Total Assets $ 7,160,325 $ 5,578,262 Liabilities Accounts Payable $ 1,148 $ 8,639 Contracts Payable Due to Other Funds 32,045 28,483 Advances Payable - Sewer 112, ,405 Accrued Payroll & Taxes Liability 9,265 10,435 Other Accrued Liabilities 305,584 60,280 Total Liabilities * 460, ,242 Net Assets Investment in capital assets, net of related debt 6,861,202 5,213,003 Unreserved (deficit) (161,359) 145,017 Total Net Assets $ 6,699,843 $ 5,358,020 17

18 City of Boise Geothermal Fund Statement of Revenues, Expenditures and Changes in Fund Net Assets For the Period Ending June 30, 2012 Annual Budget Actual Current Month Percent Operating Revenues: Water Sales $ 692,300 $ 541,320 $ 14,397 78% Direct Reimb. 3,570 2, % Captalized Salaries 40,550 0% Misc. Revenue Total Operating Revenue 736, ,418 14,712 74% Operating Expenses: Personnel Costs 95,681 75,056 8,600 78% Supplies & Materials 1, % Contractual Services 252, ,752 14,029 45% Ind. Cost Reimb. 38,434 28,825 3,203 75% Total Operating Expenses 387, ,043 25,832 56% Operating Income 349, ,375 (11,120) 93% Non-Operating Revenues (Expenses): Interest Revenue 3, % Interest Expense (31) (19) Transfer in Transfer (out) (100,000) (74,999) (8,333) 75% Total Non-Operating Revenues (Exp) (96,010) (74,525) (8,302) 78% Net Income (Loss) before Depreciation and Contributions 253, ,850 (19,422) 99% Less: Depreciation (184,158) (126,327) (13,873) 69% Capital Contributions: Grants (HUD)/ Other (State of Idaho) 2,883, ,107-11% Grants-Stimulus Funds (DOE) Changes in net assets 2,952, ,630 (33,295) 15% Total net assets-beginning 6,270,213 6,270,213 6,733, % Total net assets-ending 9,222,416 $ 6,699,843 $ 6,699,843 73% Capital Assets 2,739, ,824 1,136 22% 18

19 City of Boise Statement of Changes in Financial Position Geothermal Enterprise Fund For the Period Ending June 30, 2012 Month Ending 6/30/12 6/30/12 Sources of funds: Operations: Net income, before depreciation $ 250,850 $ (19,422) (which does not require current outlay of cash) Total funds from (used in) operations 250,850 (19,422) Contributions and capital revenues 305,107 Increase in: Accounts Payable Advances payable-sewer Other accrued liabilities Due to other funds 7,893 Compensated Absences Contracts payable Decrease in: Accounts receivable 130,590 13,017 Inventory-Supplies Due from other funds 7,737 42,848 Grants receivable 156,096 Prepaid expenses 137 Employee Advances Total sources of funds 850,412 44,492 Uses of funds: Additions to property, plant & equipment 606,824 1,136 Increase in: Accounts receivable Inventory Supplies Due from Other Funds Prepaid expenses 411 Decrease in: Accounts payable 255,336 4,691 Advances payable-sewer Contracts payable 15,555 Due to other funds 58,916 Other Accrued Liabilities 65,711 Total uses of funds 1,002,753 5,827 Increase (decrease) in cash and short-term investments (152,341) 38,665 Cash and short-term investments at beginning of period 86,906 (104,100) Cash and Short-Term Investments at End of Period $ (65,435) $ (65,435) 19

20 City of Boise Solid Waste Fund Statement of Net Assets June 30, /30/12 Assets Current Assets: Cash $ (843,189) Investments 1,979,956 Accounts Receivable 1,824,402 Less Reserve Bad Debt (280,533) 1,543,869 Accrued Interest Receivable 1,280 Assessments Receivable Due From Other Funds 5,663 Other Assets Prepaid Expenses 1,769 Total Current Assets 2,689,348 Noncurrent Assets: Employee Advances Receivable 800 Meth Lab Clean-Up Loans Receivable Advances-City Shop Fund 569,594 Total Noncurrent Assets 570,394 Capital Assets: Automobiles and Trucks 84,709 Machinery and Equipment 258,558 Public Art Collection 25,629 Less Accum. Depr. (185,871) 183,025 Construction-in Progress, Booked Construction-in-Progress, Current Year 166,264 Total Capital Assets ( Net of Accum. Deprec.) 349,289 Total Assets $ 3,609,031 Liabilities: Current Liabilities: Accounts Payable 1,193,201 Contracts Payable Accrued Payroll and Taxes Payable Trash Deposits Payable Due to Other Funds 187,542 Unearned Revenue 558,739 Other accrued liabilities Total Current Liabilities 1,939,482 Noncurrent Liabilities: Compensated Absences 30,006 Total Liabilities* 1,969,488 Net Assets Investment in Capital Assets, Net of related debt 349,289 Unreserved (deficit) 1,290,254 Total Net Assets $ 1,639, This financial statement is a interim statement and is unaudited. * Does not include $4,579 outstanding PO encumbrances.

21 Annual Budget Actual Current Month Percent Operating Revenues: Program Dev/Mgmt: Households-O&M $ 11,435,240 $ 8,369,123 $ 953,405 73% Commercial - Regular,Recycling, On-Call 12,252,700 9,300,796 1,053,228 76% Interest & Penalities 278, ,411 18,040 43% Reimbursements - Recycling program 286,858 29,788 Misc. Revenue 40,650 41,408 4,944 0% Transfer Ins 0% Total Operating Revenues 24,006,920 18,118,596 2,059,405 75% Operating Expenses: Personnel Costs 369, ,487 32,866 77% Supplies & Materials 268, ,284 16,305 55% Maintenance & Operation 313, ,306 15,121 41% Leaf Collection 151,000 95, % Xmas Trees 20,000 10,800 54% Glass Recycling 85,000 52,791 6,190 62% Special Recycling/Environmental Programs 7,500 4,272 57% Strategic Plan Consulting/Mgmt Advertising 35,000 16,344 2,601 47% Household Recycling 2,233,990 1,624, ,094 73% Business Recycling 462, ,235 32,757 84% Household Trash 6,277,690 4,612, ,667 73% Business Trash 5,358,230 3,993, ,358 75% Utility Billing Services 556, ,997 46,333 75% Franchise 1,160, ,748 95,935 74% School Recyling 500 0% Downtown Trash 17,000 11,944 1,493 70% Landfill-Commercial/Residential/Special 6,351,000 4,373, ,726 69% Cross Charges 82,000 51,733 20,715 63% Indirect Cost Reimb. 255, ,555 21,284 75% Collections Staff Support 212, ,090 13,742 81% Arts Reimb % Junk Cars-Towing Environmental Education 48,200 36,144 4,016 75% Misc. Expenses Bad debt expense 200, ,715 1, % Low Income Discount 17,000 12,471 1,250 73% Transfer Out-UB Rewrite 110,330 0% Transfer Charges 104,030 78,022 8,669 75% Total operating expenses 24,695,683 17,758,478 2,103,169 72% Non-Operating Revenues(Expenses): Operating Grants City of Boise Solid Waste Fund Statement of Revenues, Expenditures and Changes in Fund Net Assets For the Period Ending June 30, 2012 Net Income(Loss) before Depreciation (688,763) 360,119 (43,764) -52% Less Depreciation (31,000) (24,540) (2,745) 79% Changes in net assets (719,763) 335,578 (46,509) -47% Total net assets-beginning 1,303,965 1,303,965 1,686, % Total net assets-ending $ 584,202 $ 1,639,543 $ 1,639, % Capital Expenses $ 119,152 $ 166,264 $ - 140% 21

22 City of Boise, Idaho Health Care Trust Statement of Net Assets June 30, 2012 ASSETS 6/30/12 06/30/11 Current Assets: Cash and cash equivalents $ 711,634 $ 713,821 Investments 3,606,740 3,905,601 Receivables: Accounts and interest 69,603 60,800 Interfund receivables 3,674 29,312 Prepaid items Total current assets 4,391,651 4,709,534 Total assets $ 4,391,651 $ 4,709,534 LIABILITIES Current Liabilities: Accounts Payable * $ 93 (156) Self Insurance Claims 1,106,000 1,451,000 Other accrued liabilities 2,940 Interfund Payables 10,830 37,410 Total current liabilities 1,116,923 1,491,194 Total liabilities 1,116,923 1,491,194 NET ASSETS Invested in capital assets Reserved for future claims 3,274,728 3,218,340 Total net assets $ 3,274,728 $ 3,218,340 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. 22

23 City of Boise, Idaho Statement of Revenues, Expenses, and Changes in Fund Net Assets Health Care Trust and Employee Wellness For the Period Ending June 30, 2012 Annual Budget Actual Current Month Percent Operating Revenues: Charges for Services: Retirees Share $ 95,625 $ 63,913 $ 6,342 67% COBRA Share 271, ,900 14,151 47% Employee/Employer Share * 12,336,216 8,371,265 1,018,321 68% Reimb-Stop Loss Pharmacy Rebate 72,000 98,441 25, % Misc. Revenue Employee Wellness Revenue Total Operating Revenues 12,775,691 8,661,519 1,064,653 68% Operating Expenses: Personnel Services Professional Services 94,826 55,110 4,077 58% Administrative Services 794, ,448 68,277 78% Claims-Active 12,821,193 7,677,070 1,128,255 60% Claims-Retirees 112,205 17,025 Claims-IBNR 402,102 Purchased Services 500 0% Contractual Services-Employee Wellness 434, ,131 10,830 56% Total Operating Expenses 14,144,815 9,106,066 1,228,464 59% Operating Income (loss) (1,369,124) (444,547) (163,811) 32% Non-Operating Revenues (Expenses) Interest Revenue 47,270 26,923 3,201 57% Total Non-Operating Revenues 47,270 26,923 3,201 57% Income before operating transfers (1,321,854) (417,624) (160,610) 32% Interfund Transfers in Interfund Transfers out Change in net assets (1,321,854) (417,624) (160,610) 32% Total net assets-beginning 3,692,352 3,692,352 3,435, % Total net assets-ending $ 2,370,498 $ 3,274,728 $ 3,274, % * 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. 23