CITY OF BOISE Airport Fund Statement of Net Assets February 29, 2012

Transcription

1 CITY OF BOISE Airport Fund Statement of Net Assets February 29, 2012 ASSETS Current assets: Cash $ (1,169,722) $ 280,356 Investments 17,963,743 17,443,383 Invest-Pfc 13,179,829 8,988,949 Invest-Car Rental Facility 5,304,577 4,501,580 Invest-Parking Garage 5,863,527 4,732,130 Accounts Receivable 1,327,793 Less Reserve Bad Debt (28,383) 1,299,410 1,462,040 Interest Receivable 96, ,912 Grants Receivable 767, ,903 Advances-Other Funds 67,703 75,053 Due from Other Funds 33,173 18,077 Inventory-Supplies 611, ,843 Prepaid Expenses 134, ,090 Total Current Assets 44,152,314 38,807,316 Noncurrent assets: Deferred Bond Financing Costs 405, ,195 Discount of Bonds Payable 488,247 Employee Advances Receivable 7,142 7,142 Total Noncurrent Assets 412,455 1,041,584 Restricted Assets: Restricted Investment-PTT 474, ,549 Terminal Bond Payment Fund 2 Terminal Expansion Payment Fund 9,999,996 Airport Land Sales 915,358 Total Restricted Assets 1,389,954 10,472,545 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 2,496,174 2,380,936 Less Accum. Depreciation (116,336,566) 132,700,319 (107,466,724) Total Capital Assets (Net of Accum. Depreciation) 158,306, ,480,978 Total assets $ 204,261,331 $ 214,802,423 1

2 Airport Fund Statement of Net Assets (continued) LIABILITIES Current Liabilities: Accounts Payable $246,117 $948,073 Bonds Payable-Prkg Garage, Current 1,360,000 Bonds Payable-Terminal Expansion, Current 2,860,000 1,200,000 Contracts Payable Accrued Payroll & Taxes Liability 251,241 Other Payables 1,085,355 1,566,797 Due to Other Funds 942, ,097 Total Current Liabilities 5,133,816 6,111,208 Noncurrent Liabilities: Compensated absences 371, ,729 Premium/Deferred Refunding** 759,178 (2,492) LOC-Terminal Construction Bonds Payable-Terminal Expansion** 28,220,000 41,525,000 Total noncurrent liabilities 29,350,937 41,867,530 * Total Liabilities 34,484,753 47,978,738 NET ASSETS Investment in capital assets, net of related debt 129,327, ,613,448 Unreserved (deficit) 40,449,441 44,210,237 Total Net Assets $ 169,776,578 $ 166,823,685 * Does not include $218,781 in outstanding PO encumbrances. ** Terminal Expansion (refunding 4/2011) 2

3 CITY OF BOISE Airport Fund Statement of Revenues, Expenditures and Changes in Fund Net Assets For the Period Ending February 29, 2012 Annual Budget Actual Current Month Percent Operating Revenues: Airline Landing Fees $ 3,487,500 $ 1,222,691 $ 206,896 35% Airline Rent 3,689,540 1,502, ,207 41% Parking Fees 7,494,906 3,102, ,412 41% Car Rental 3,312,791 1,417, ,598 43% Concessions 1,539, , ,628 38% Rental Income 2,384, , ,488 42% Corporate Sponsorship/Donations 24,000 0% Inflight Food Sales 348, ,478 26,835 45% Other 642, ,920 38,161 33% Total Operating Revenues 22,923,711 9,203,798 1,708,225 40% Operating Expense: Personnel Services 6,470,731 2,461, ,034 38% Administration Expenses 3,465, , ,011 16% Materials & Supplies 3,298, ,812 78,137 19% Professional Services 5,310,319 2,195, ,426 41% Purchased Services 571, ,122 15,883 43% Utilities & Communications 1,381, , ,690 34% Total Operating Expenses 20,498,529 6,557,791 1,266,181 32% Operating Income (loss) 2,425,182 2,646, , % Non-Operating Revenues(Expenses): Passenger Facility Charges 5,801,120 2,255, ,345 39% Customer Facility Charge (Car Rentals) 722, ,806 53,498 43% Operating Grants 432, ,644 12,460 41% Operating transfers in 34,027 5,564-16% Operating Transfers (out) (88,171) 0% Interest Revenue 485, ,762 30,801 34% Interest Expense (1,560,488) (594,775) (637,879) 38% Total Non-Operating Revenue (expenses) 5,826,853 2,318,870 (68,775) 40% Net Income(Loss) before Depreciation and Capital Contributions 8,252,035 4,964, ,269 60% (Less): Depreciation (12,317,773) (5,132,405) (1,026,481) 42% Capital Contributions, Grants 10,590,000 1,676, ,749 16% Capital Contributions, Donations Change in net assets 6,524,262 1,508,553 (118,463) 23% Total net assets-beginning 168,268, ,268, ,895, % Total net assets-ending $ 174,792,287 $ 169,776,578 $ 169,776,578 97% Capital Expenses 23,852,497 2,496, ,142 10% 3

4 City of Boise Statement of Changes in Financial Position Airport Fund For the Period Ending February 29, 2012 Month Ending Sources of funds: Operations: Net income, before depreciation $ 4,964,877 $ 373,269 (which does not require current outlay of cash) Plus Excess of Proceeds from Land Sale/Gain Total funds from operations 4,964, ,269 Contributions and capital revenues 1,676, ,749 Increase in: Accounts payable Contracts payable Other payables Due to other funds 322,265 Bond Premium/Deferred Refunding Payable LOC-Terminal Construction Bonds payable Decrease in: Accounts receivable Employee advances Grants receivable 1,058,857 Inventory-supplies Accrued interest receivable 29,449 31,448 Prepaid expenses 20,649 Due from other funds 8,163 Bond Discounts/Financing Costs 30,959 6,192 Cash and investments with fiscal agent/restricted assets 11,218 11,218 Total sources of funds 8,101, ,525 Uses of funds: Additions to Capital Assets 2,496, ,142 Increase in: Accounts receivable 37, ,675 Employee advances Grants receivable 12,459 Inventory-supplies Additions to Capital Assets Increase in: Accrued interest receivable Prepaid expenses 71,441 Due from other funds 13,363 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 Uses of funds (continued): Decrease in: Accounts payable 1,922, ,463 Contracts payable 1,324,838 Other payables 456, ,271 Compensated absences 2, Due to other funds 1,038,496 Bond Premium/Deferred Refunding Payable 61,620 12,324 LOC-Terminal Construction Bonds payable Total uses of funds 6,373,235 2,244,935 Increase (decrease) in cash and short-term investments 1,728,634 (1,267,410) Cash and short-term investments at beginning of period 39,413,320 42,409,364 Cash and Short-Term Investments at End of Period $ 41,141,954 $ 41,141,954 5

6 City of Boise Fleet Services Fund Statement of Net Assets February 29, 2012 Assets Current Assets: Cash $ (9,550) $ (101,384) Investments 323, ,502 Accounts Receivable 2,259 Accrued Interest Receivable 3 Due from Other Funds 297, ,178 Due from Govt. Inventories: Supplies 12,220 12,606 Diesel Licenses Prepaid expenses 20,387 18,352 Total Current Assets 646, ,257 Noncurrent Assets: Employee Advances Receivable 3,121 3,173 Total Noncurrent Assets 3,121 3,173 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. (1,343,760) 759,203 (981,479) Construction in Progress Construction in progress-current year 42,600 Total Capital Asets (Net of Accum. Depr.) 759, ,651 Total Assets $ 1,408,639 $ 1,396,081 Liabilities Current Liabilities: Accounts Payable $ 118,637 $ 154,067 Contracts Payable Accrued Payroll & Taxes Payable 44,857 Due to Other Funds 125,764 52,374 Advance from Airport Fund 67,703 75,053 Other Payables Total Current Liabilities 312, ,805 Noncurrent Liabilities: Compensated Absences 97,464 98,314 Unearned Revenue-Rent Advance from Solid Waste Fund-New Facility 588, ,106 Total Noncurrent Liabilites 686, ,420 Total Liabilities * 998,611 1,070,225 Net Assets Investment in Capital Assets, net of related debt 170, ,545 Unreserved (deficit) 239, ,311 Total Net Assets $ 410,027 $ 325,856 * Does not include $65,878 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 February 29, 2012 Annual Budget Actual Current Month Percent Operating Revenues: Charges for Services $ 2,966,118 $1,024,431 $ 200,858 35% Rental Income Miscellaneous Total Operating Revenues 2,966,118 1,024, ,858 35% Operating Expenses: Personnel Costs 950, ,906 75,485 43% Maint & Operations 1,806, , ,228 34% Total Operating Expenses 2,756,399 1,024, ,713 37% Operating Income 209,719 (22) 4,145 0% Non-Operating Revenues (Expenses): Interest Revenue % (Interest Expense)-Shop Advance (21,000) (3,872) (773) 18% Asset Sales 10,000 0% Transfer-in (General Fund) Rebate (Risk Fund) Transfer-out (General Fund) Total Non-Operating Revenues (10,800) (3,838) (761) 36% Net Income before Depreciation 198,919 (3,860) 3,384-2% Less: Depreciation (83,500) (34,791) (6,958) 42% Changes in net assets 115,419 (38,651) (3,574) -33% Total net assets-beginning 448, , , % Total net assets-ending $ 564,097 $ 410,027 $ 410,027 73% * 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 February 29, ASSETS Current Assets: Cash $ (1,682,850) (208,008) Investments 38,430,492 34,294,038 Investments-Reserved 3,851 3,851 Investments-Loan Reserves 676, ,599 Accounts Receivable 1,149,444 less Reserve Bad Debt (265,506) 883,938 1,787,233 Sewer Dist. Receivable 2,872,026 less Reserve 2,872,026 2,495,799 Accrued Interest Receivable 99, ,853 Grants Receivable Assessments Receivable 2,325,500 2,361,873 Due From Other Funds 198, ,141 Advances to Other Funds-Geothermal 112, ,400 Inventory-Supplies 1,473,626 1,327,603 Inventory-Crop Other Assets Prepaid Expenses 237, ,968 Total Current Assets 45,630,994 43,533,350 Noncurrent Assets: Discount on WW Facility Note 131, ,020 Deferred Bond Costs for WW Fac Bond 42,720 48,751 Employee Advances 19,162 21,372 Total Noncurrent Assets 193, ,143 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 4,157,128 2,267,359 less: Accum. Depreciation (132,860,755) 239,003,386 (125,873,212) Total Capital Assets (Net of Accum. Depreciation) 263,712, ,857,409 Total Assets $ 309,536,511 $ 304,610,902 8

9 Sewer Fund Statement of Net Assets (continued) LIABILITIES Current Liabilities Accounts Payable $ 1,028,148 $ 435,125 Contracts Payable WW Facility Bonds, Current Portion 1,180,000 Capital Lease Payable, Current Loans Payable, Current Portion 425, ,863 Developer Trunk Trust 98,039 98,025 Accrued Payroll & Taxes Payable 534,131 Other Payables 738, ,527 Due to Other Funds 1,339, ,088 Lift Station Trust 127, ,266 4,937,174 3,221,025 Noncurrent Liabilities: Compensated Absences 858, ,425 Wastewater Facility Bonds Payable 8,765,000 11,125,000 Amort. Gain Of WWFRB 24,672 42,352 L.T. Loan Payable-RSP L.T. Loan Payable-RSP ,430 1,005,181 L.T. Loan Payable-WBP 001 6,198,081 6,545,158 Barber Sewer Trust 244, ,591 Capital Lease Payable - Total noncurrent liabilities: 17,017,580 19,723,642 *Total Liabilities 21,954,754 22,944,667 NET ASSETS Investment in capital assets, net of related debt 246,216, ,724,272 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) 35,656, ,581,757 34,881,684 Total Net Assets $ 287,581,757 $ 281,666,235 * Does not include $676,218 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 February 29, 2012 Annual Budget Actual Current Month Percent Operating Revenues: Service Billing $ 21,740,920 $ 8,972,574 $ 1,772,756 41% Salary Reimbursement 829,886 65,690 36,339 8% Service-Garden City 1,224, ,009 92,068 32% Bench 1,813, , ,854 39% NW Boise 519, , ,444 73% West Boise 1,353, , ,719 36% Owyhee Sewer District Eagle Sewer District 615, ,862-32% Geothermal % Septage Haulers Fees 118,860 62,136 16,924 52% WB Congeneration Recycling Farm Lease 19,000 0% Crop Revenue 1,750,000 0% Capacity Rental Fees 26,565 - Donations Other 706, ,493 29,918 30% Total Operating Revenues 30,693,837 11,517,590 2,503,022 38% Operating Expenses: Salaries-Engineering 2,092, , ,837 45% Administration 1,118, ,935 83,102 39% Utility Billing 369, ,390 31,801 42% IT Boise WaterShed 85,426 44,036 8,025 52% Operations 385, ,290 37,412 48% Environmental 976, ,609 77,280 43% Line Maint. 1,455, , ,458 45% Central Lab 1,234, , ,168 47% Lander 1,059, ,343 88,830 45% Gowen Field West Boise 1,153, ,308 99,714 46% Bio-Solids 200, ,599 21,729 53% Lander Maintenance 539, ,319 46,692 47% West Boise Maintenance 858, ,225 54,060 38% Bio-Solids Application Site 635, ,467 34,889 34% Total Salaries 12,165,460 5,336, ,997 44% 10

11 CITY OF BOISE Sewer Fund Statement of Revenues, Expenditures and Changes in Fund Net Assets For the Period Ending February 29, 2012 Annual Actual Current Mo. Budget Exp. or Rev. Exp. or Rev. Percent M&O- Bad Debt $ 252,000 $ 202,803 $ 1,780 80% Indirect Cost Reimb. Indirect Cost Reimb-Capital Portion 291, ,609 24,322 42% Personal Services-Capital Misc. Costs-Capital 14,273 2, % Developer Payback 400,000 73,262 15,464 18% Garden City Trunk Exp Engineering 208,285 51,679 12,280 25% Administration 2,445, , ,564 37% Utility Billing 664, ,303 91,607 47% IT 3,471 0% Boise Watershed 19,900 4, % Operations 70,229 60, % Environmental 312, ,071 10,477 37% Line Maint. 402, ,561 28,845 42% Central Lab 234,509 80,025 13,990 34% Lander 1,633, ,303 82,633 17% West Boise 1,764, , ,201 33% Bio-Solids 131,028 46,086 10,506 35% Lander Maintenance 20,275 5, % West Boise Maintenance 10,501 4, % Bio-Solids Application Site 1,456, ,544 31,505 20% Total M&O Expense 10,335,457 3,314, ,439 32% Total Operating Expense 22,500,917 8,650,912 1,670,436 38% Operating Income 8,192,920 2,866, ,586 35% Non-Operating Revenue (Expenses): Art Commission Reimb. (57,855) (465) 1% Operating Grants 4,500 0% Interest Revenue 949, ,623 50,425 27% Gain on Refinancing 25,000 0% Property Sales Transfers in (General Fund) 111,360 0% Interest on Advance Bond Interest Expense (483,289) (180,367) (174,181) 37% Loan Interest Expense (280,964) (482) (482) 0% Prepaid Bond Amortization (2,100) 0% Total Non-operating revenues(expenses) 266,152 70,309 (124,238) 26% Net income (loss) before (Depreciation) and Capital Contributions 8,459,072 2,936, ,348 35% Depreciation: Boise City Customers(80%) (6,809,760) (2,337,180) - 34% Contract Agencies(20%) (1,702,440) (584,295) - 34% Total Depreciation (8,512,200) (2,921,475) - 34% Capital Contributions: Capital Contributions, Grants Connection Fees 1,377, , ,687 66% Equivalent Assessments 344, ,470 34,214 32% Other (including developer) 8,050 0% Total Contributions 1,730,292 1,019, ,901 59% Changes in net assets 1,677,164 1,035,492 1,020,249 62% Total net assets-beginning 286,546, ,546, ,561, % Total net assets-ending $ 288,223,429 $ 287,581,757 $ 287,581, % Capital Assets $ 33,083,150 $ 4,157,129 $ 1,836,643 13% 11

12 City of Boise Sewer Enterprise Fund Statement of Changes in Financial Position For the Period Ending February 29, 2012 Month Ending Sources of funds: Operations: Net income, before depreciation $ 2,936,987 $ 708,348 (which does not require current outlay of cash) Total funds from operations 2,936, ,348 Contributions and capital revenues 1,019, ,901 Increase in: Accounts payable 229,150 Other payables Due to other funds 602,386 Bonds Payable-WW Facility Bonds Payable-Amort. Gain Loans/Capital Lease Payable Lift Station/ Developer Trust 12 - Decrease in: Accounts receivable 2,375,363 86,136 Sewer district receivables 20,302 Grants receivable Accrued interest receivable 34,846 3,413 Inventories-Crop & Supplies Due from other funds 783, ,537 Advances to Other Funds-Geothermal Prepaid Expenses 33,973 Other Assets Discount on WW Facility Bonds 7,733 1,547 Deferred Bonds Costs for WW Facility 2, Employee Advances WW Facility Bond Fund Total sources of funds 7,783,254 1,751,508 12

13 Sewer Fund Statement of Changes in Financial Position (continued) Month Ending Uses of funds: Additions to Capital Assets $ 4,157,129 $ 1,836,643 Increase in: Accounts receivable Sewer district receivables 214,816 Grants receivable Accrued interest receivable Inventories-Crop & Supplies Due from other funds Advances to Other Funds-Geothermal 6 2 Prepaid Expenses 236,843 Deferred Bonds Costs for WW Facility Employee Advances WW Facility Bond Fund Decrease in: Accounts payable 828,712 Contracts payable 130,103 Other payables 744,741 33,291 Due to other funds 1,343,198 Compensated absences 3, Bonds payable-ww Facility 1,180,000 1,180,000 Bonds Payable-Amort. Gain Lift Station/Developer Trust Loans/Capital Lease Payable 24,078 24,078 Total uses of funds 7,305,064 4,632,678 Increase (decrease) in cash and short-term investments 478,190 (2,881,170) Cash and short-term investments at beginning of period 36,949,717 40,309,077 Cash and Short-Term Investments at End of Period $ 37,427,907 $ 37,427,907 13

14 City of Boise Irrigation Fund Statement of Net Assets February 29, 2012 Assets Current Assets: Cash $ 6,191 $ 43 Investments 65,257 54,157 Accounts Receivable 145 (1,444) Assessments Receivable (2,196) 3,034 Due from Other Funds Inventory-Supplies 269 Prepaid Expenses Total Current Assets 69,666 55,790 Capital Assets: Buildings Improvements Service lines 149, ,079 Furniture and Equipment 114, ,929 Construction-In-Progress-Current Year Less Allowance for Depreciation (67,499) 196,509 (59,797) Total Assets $ 266,175 $ 260,001 Liabilities: Accounts Payable $ 63 $ 59 Contracts Payable Due to Other Funds 1,493 1,254 Advances-Other Funds Developer Payback 10,180 10,180 Other Accrued Liabilities 3,997 3,896 Total Liabilities 15,733 15,389 Net Assets Investment in Capital Assets, net of related debt 196, ,211 Unreserved (deficit) 53,933 40,401 Total Net Assets $ 250,442 $ 244,612 14

15 City of Boise Irrigation Fund Statement of Revenues, Expenditures and Changes in Fund Net Assets For the Period Ending February 29, 2012 Annual Budget Actual Current Month Percent Operating Revenues: Irrigation Assessments $ 27,181 $ 0% Plan Check Review Irrig. District Assessments 3,718 0% Lateral Assessments 440 0% MID Admin & Misc. Revenue 920 0% Total Operating Revenue 32,259 0% Operating Expenses: Personnel Costs Supplies & Materials 78 0% Contractual Services 26,802 4, % Ind. Cost Reimb. 9,486 3, % Total Operating Expenses 36,366 8, % Operating Income (4,107) (8,308) (818) 202% 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 (8,281) (818) -63% Less: Depreciation (8,838) (3,684) (737) 42% Capital Contributions: Developer Changes in net assets 4,235 $ (11,964) $ (1,554) -283% Total net assets-beginning 262,406 $ 262,406 $ 251, % Total net assets-ending $ 266,641 $ 250,442 $ 250,442 94% Capital Assets 15

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17 City of Boise Geothermal Fund Statement of Net Assets February 29, 2012 Assets Current Assets: Cash $ (384,088) $ 23,070 Investments 50, ,911 Accounts Receivable 124,270 77,836 Grants Receivable 208, ,318 Due from Other Funds - 31 Inventory-Supplies 162, ,722 Prepaid Expenses Total Current Assets 162,736 1,044,605 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 2,393, ,885 Less Accum. Depr. (3,386,727) 4,374,679 (3,239,839) Total Capital Assets (Net of Accum Depr.) 6,768,058 4,570,591 Total Assets $ 6,930,794 $ 5,615,196 Liabilities Accounts Payable $ 5,087 $ 3,454 Due to Other Funds 22,411 17,623 Advances Payable - Sewer 112, ,400 Accrued Payroll & Taxes Liability 9,265 10,446 Other Accrued Liabilities 305,583 83,077 Total Liabilities * 454, ,000 Net Assets Investment in capital assets, net of related debt 6,768,058 4,570,591 Unreserved (deficit) (292,024) 817,605 Total Net Assets $ 6,476,034 $ 5,388,196 17

18 City of Boise Geothermal Fund Statement of Revenues, Expenditures and Changes in Fund Net Assets For the Period Ending February 29, 2012 Annual Budget Actual Current Month Percent Operating Revenues: Water Sales $ 692,300 $ 416,073 $ 146,780 60% Direct Reimb. 3,570 (4,525) -127% Captalized Salaries 40,550 0% Misc. Revenue Total Operating Revenue 736, , ,780 56% Operating Expenses: Personnel Costs 92,945 43,076 8,589 46% Supplies & Materials 1, % Contractual Services 252,160 56,182 12,967 22% Ind. Cost Reimb. 38,434 16,014 3,203 42% Total Operating Expenses 384, ,681 24,846 30% Operating Income 351, , ,933 84% Non-Operating Revenues (Expenses): Interest Revenue 3, % Interest Expense (4) - Transfer in Transfer (out) (100,000) (33,333) - 33% Total Non-Operating Revenues (Exp) (96,010) (33,080) 48 34% Net Income (Loss) before Depreciation and Contributions 255, , , % Less: Depreciation (184,158) (56,965) - 31% Capital Contributions: Grants (HUD)/ Other (State of Idaho) 2,883,361 0% Grants-Stimulus Funds (DOE) Changes in net assets 2,954, , ,981 7% Total net assets-beginning 6,270,213 6,270,213 6,354, % Total net assets-ending 9,225,152 $ 6,476,034 $ 6,476,034 70% Capital Assets 2,739, ,318 5,540 16% 18

19 City of Boise Statement of Changes in Financial Position Geothermal Enterprise Fund For the Period Ending February 29, 2012 Month Ending Sources of funds: Operations: Net income, before depreciation $ 262,786 $ 121,981 (which does not require current outlay of cash) Total funds from (used in) operations 262, ,981 Contributions and capital revenues Increase in: Accounts Payable Advances payable-sewer 6 2 Other accrued liabilities Due to other funds Compensated Absences Contracts payable Decrease in: Accounts receivable 79,765 Inventory-Supplies Due from other funds 7, Grants receivable 156,096 Prepaid expenses 137 Employee Advances Total sources of funds 426, ,351 Uses of funds: Additions to property, plant & equipment 444,318 5,540 Increase in: Accounts receivable 255 Inventory Supplies Due from Other Funds Prepaid expenses 959 Decrease in: Accounts payable 251,396 86,555 Advances payable-sewer Contracts payable 15,555 Due to other funds 68,550 28,371 Other Accrued Liabilities 65,712 59,683 Total uses of funds 846, ,149 Increase (decrease) in cash and short-term investments (420,051) 22,202 Cash and short-term investments at beginning of period 86,906 (355,347) Cash and Short-Term Investments at End of Period $ (333,145) $ (333,145) 19

20 City of Boise Solid Waste Fund Statement of Net Assets February 29, Assets Current Assets: Cash $ 158,267 Investments 1,680,972 Accounts Receivable 1,414,116 Less Reserve Bad Debt (280,533) 1,133,583 Accrued Interest Receivable 517 Assessments Receivable Due From Other Funds 5,549 Other Assets Prepaid Expenses 4,121 Total Current Assets 2,983,009 Noncurrent Assets: Employee Advances Receivable 800 Meth Lab Clean-Up Loans Receivable Advances-City Shop Fund 588,589 Total Noncurrent Assets 589,389 Capital Assets: Automobiles and Trucks 84,709 Machinery and Equipment 258,558 Public Art Collection 25,629 Less Accum. Depr. (172,148) 196,748 Construction-in Progress, Booked Construction-in-Progress, Current Year 9,699 Total Capital Assets ( Net of Accum. Deprec.) 206,447 Total Assets $ 3,778,845 Liabilities: Current Liabilities: Accounts Payable 1,882,923 Contracts Payable Accrued Payroll and Taxes Payable Trash Deposits Payable Due to Other Funds 104,888 Unearned Revenue 556,353 Other accrued liabilities Total Current Liabilities 2,544,164 Noncurrent Liabilities: Compensated Absences 30,006 Total Liabilities* 2,574,170 Net Assets Investment in Capital Assets, Net of related debt 206,447 Unreserved (deficit) 998,228 Total Net Assets $ 1,204, This financial statement is a interim statement and is unaudited. * Does not include $7,171 in outstanding PO encumbrances.

21 Annual Budget Actual Current Month Percent Operating Revenues: Program Dev/Mgmt: Households-O&M $ 11,435,240 $ 4,584,328 $ 944,314 40% Commercial - Regular,Recycling, On-Call 12,252,700 5,075,788 1,024,101 41% Interest & Penalities 278,330 63,623 18,124 23% Reimbursements - Recycling program 170,603 - Misc. Revenue 40,650 22,754 3,701 0% Transfer Ins 0% Total Operating Revenues 24,006,920 9,917,096 1,990,240 41% Operating Expenses: Personnel Costs 369, ,917 29,896 44% Supplies & Materials 268,040 77,639 13,908 29% Maintenance & Operation 313,662 74,026 11,266 24% Leaf Collection 151,000 95, % Xmas Trees 20,000 10,800-54% Glass Recycling 85,000 27,687 6,857 33% Special Recycling/Environmental Programs 7,500 4,055 54% Strategic Plan Consulting/Mgmt Advertising 35,000 7, % Household Recycling 2,233, , ,394 40% Business Recycling 462, ,333 43,000 49% Household Trash 6,277,690 2,556, ,754 41% Business Trash 5,358,230 2,191, ,693 41% Utility Billing Services 556, ,332-33% Franchise 1,160, ,738 94,127 41% School Recyling 500 0% Downtown Trash 17,000 5,972 1,493 35% Landfill-Commercial/Residential/Special 6,351,000 2,532, ,417 40% Cross Charges 82,000 14,635 18% Indirect Cost Reimb. 255, ,419 21,284 42% Collections Staff Support 212, ,165 13,807 51% Arts Reimb % Junk Cars-Towing Environmental Education 48,200 16,064-33% Misc. Expenses Bad debt expense 200, , % Low Income Discount 17,000 6,987 1,403 41% Transfer Out-UB Rewrite 110,330 0% Transfer Charges 104,030 34,677-33% Total operating expenses 24,695,683 10,005,569 2,071,050 41% 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 February 29, 2012 Net Income(Loss) before Depreciation (688,763) (88,473) (80,809) 13% Less Depreciation (31,000) (10,817) - 35% Changes in net assets (719,763) (99,290) (80,809) 14% Total net assets-beginning 1,303,965 1,303,965 1,285, % Total net assets-ending $ 584,202 $ 1,204,675 $ 1,204, % Capital Expenses $ 119,152 $ 9,699 8% 21

22 City of Boise, Idaho Health Care Trust Statement of Net Assets February 29, 2012 ASSETS Feb. 29, 2012 Feb. 28, 2011 Current Assets: Cash and cash equivalents $ 401,647 $ 927,221 Investments 3,628,879 4,016,066 Receivables: Accounts and interest 60,037 59,419 Interfund receivables 7,277 7,470 Prepaid items Total current assets 4,097,840 5,010,176 Total assets $ 4,097,840 $ 5,010,176 LIABILITIES Current Liabilities: Accounts Payable * $ - Self Insurance Claims 1,106,000 1,451,000 Other accrued liabilities (1) 2,940 Interfund Payables 23,527 19,695 Total current liabilities 1,129,526 1,473,635 Total liabilities 1,129,526 1,473,635 NET ASSETS Invested in capital assets Reserved for future claims 2,968,314 3,536,541 Total net assets $ 2,968,314 $ 3,536,541 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 $5,224 in outstanding PO encumbrances. 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 February 29, 2012 Annual Budget Actual Current Month Percent Operating Revenues: Charges for Services: Retirees Share $ 95,625 $ 38,544 $ 6,291 40% COBRA Share 271,850 66,735 16,533 25% Employee/Employer Share * 12,336,216 4,407, ,519 36% Reimb-Stop Loss Pharmacy Rebate 72,000 49,280-68% Misc. Revenue Employee Wellness Revenue Total Operating Revenues 12,775,691 4,562,422 1,018,343 36% Operating Expenses: Personnel Services Professional Services 94,826 35,665 6,577 38% Administrative Services 794, ,168 70,440 44% Claims-Active 12,821,193 4,302, ,533 34% Claims-Retirees 55,259 9,382 Claims-IBNR 402, ,102 Purchased Services 500 0% Contractual Services-Employee Wellness 434, ,214 28,157 37% Total Operating Expenses 14,144,815 5,301,092 1,470,191 33% Operating Income (loss) (1,369,124) (738,670) (451,848) 54% Non-Operating Revenues (Expenses) Interest Revenue 47,270 14,632 2,752 31% Total Non-Operating Revenues 47,270 14,632 2,752 31% Income before operating transfers (1,321,854) (724,038) (449,096) 55% Interfund Transfers in Interfund Transfers out Change in net assets (1,321,854) (724,038) (449,096) 55% Total net assets-beginning 3,692,352 3,692,352 3,417, % Total net assets-ending $ 2,370,498 $ 2,968,314 $ 2,968, % * 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