CITY OF BOISE Airport Fund Statement of Net Assets as of July 31, 2011

Transcription

1 CITY OF BOISE Airport Fund Statement of Net Assets as of July 31, 2011 ASSETS 7/31//11 7/31/10 Current assets: Cash $ 5,305 $ 1,287,539 Investments 17,466,673 14,212,644 Invest-Pfc 11,517,117 14,948,475 Invest-Car Rental Facility 4,820,347 3,959,991 Invest-Parking Garage 5,454,246 3,857,269 Invest-Airport Land Sale 0 0 Accounts Receivable 1,469,438 Less Reserve Bad Debt -28,383 1,441,055 1,178,315 Interest Receivable 139, ,857 Grants Receivable 402,863 85,249 Advances-Other Funds 72,004 79,217 Due from Other Funds 23,821 13,585 Inventory-Supplies 809, ,015 Prepaid Commerce Street 0 0 Prepaid Rent 0 0 Prepaid Other 94, ,308 Total Current Assets 42,246,837 40,633,464 Noncurrent assets: Deferred Bond Financing Costs 478, ,922 Discount of Bonds Payable 0 502,853 Employee Advances Receivable 7,142 8,079 Total Noncurrent Assets 485,793 1,086,854 Restricted Assets: Restricted Investment-PTT 472, ,549 Terminal Bond Payment Fund 13,533 0 Total Restricted Assets 486, ,549 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 4,150,210 5,297,585 Less Accum. Depreciation -112,349, ,435, ,343,914 Total Capital Assets (Net of Accum. Depreciation) 161,367, ,555,275 Total assets $ 204,585,768 $ 209,748,142 1

2 Airport Fund Statement of Net Assets Page 2 7/31//11 7/31/10 LIABILITIES Current Liabilities: Accounts Payable $303,552 $690,896 Bonds Payable-Prkg Garage, Current 0 Bonds Payable-Terminal Expansion, Current 1,400,000 1,140,000 Contracts Payable 0 0 Accrued Payroll & Taxes Liability 261, ,011 Other Payables 1,372, ,480 Due to Other Funds 593, ,492 Total Current Liabilities 3,931,861 2,906,879 Noncurrent Liabilities: Compensated absences 342, ,179 Premium/Deferred Refunding** 908,518-4,459 LOC-Terminal Construction Bonds Payable-Parking Garage** 0 1,360,000 Bonds Payable-Terminal Expansion** 31,080,000 42,725,000 Total noncurrent liabilities 32,331,293 44,440,013 * Total Liabilities 36,263,154 47,346,892 NET ASSETS Investment in capital assets, net of related debt 129,035, ,115,262 Unreserved (deficit) 39,286,851 39,285,988 Total Net Assets $ 168,322,614 $ 162,401,250 * Does not include $5,210,807 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 7/31/2011 Annual YTD Budget YTD Actual Current Month Percent Operating Revenues: Airline Landing Fees $ 4,473,535 $ 2,743,301 $ 307,401 61% Airline Rent 4,325,719 3,039, ,384 70% Parking Fees 7,902,773 6,112, ,760 77% Car Rental 3,709,540 2,824, ,075 76% Concessions 1,597,224 1,234, ,802 77% Rental Income 2,437,626 1,975, ,635 81% Corporate Sponsorship/Donations 24, % Inflight Food Sales 300, ,720 28,233 85% Other 707, ,163 48,492 78% Total Operating Revenues 25,478,127 18,736,526 1,965,782 74% Operating Expense: Personnel Services 6,200,914 4,602, ,971 74% Administration Expenses 4,158,705 1,205, ,472 29% Materials & Supplies 3,598,609 1,649, ,136 46% Professional Services 6,697,555 4,460, ,660 67% Purchased Services 46, ,460 49, % Utilities & Communications 1,195, ,368 81,849 81% Total Operating Expenses 21,897,677 13,400,072 1,293,338 61% Operating Income 3,580,450 5,336, , % Non-Operating Revenues(Expenses): Passenger Facility Charges 6,279,019 4,664, ,959 74% Customer Facility Charge (Car Rentals 765, ,703 76,994 81% Operating Grants 500, ,863 30,027 80% Operating transfers in 20,422 18,868 3,432 92% Operating Transfers (out) Interest Revenue 610, ,372 38,399 80% Interest Expense (2,504,633) (1,069,103) (25,877) 43% Asset Sales - 1,560 12,914 Property Sales Total Non-Operating Revenue 5,670,890 5,126, ,848 90% Net Income(Loss) before Depreciation and Capital Contributions 9,251,340 10,462,712 1,289, % (Less): Depreciation (12,951,276) (9,766,392) (976,639) 75% : Contrib. Depreciation Capital Contributions, Grants 15,157,964 2,533, ,691 17% Capital Contributions, Donations Net Income after Depreciation and capital grants $ 11,458,028 $ 3,230,304 $ 983,344 28% Capital Expenses 21,814,597 4,150,210 96,989 19% This financial statement is an interim statement and is unaudited. 3

4 Statement of Changes in Financial Position Airport Fund July 31, 2011 YTD Month Ending Sources of funds: Operations: Net income, before depreciation $ 10,462,712 $ 1,289,292 (which does not require current outlay of cash) Plus Excess of Proceeds from Land Sale/Gain Total funds from operations 10,462,712 1,289,292 Contributions and capital revenues 2,533, ,691 Increase in: Accounts payable Contracts Payable Other payables Due to Other Funds Bond Premium/Deferred Refunding Payable 911, LOC-Terminal Construction Bonds payable Decrease in: Accounts receivable 1,847,937 Employee Advances - - Grants receivable 1,929,055 Inventory-supplies Accrued interest receivable 42,386 8,800 Prepaid expenses 25,740 Due from other funds 866,930 Bond Discounts/Financing Costs 587,458 2,050 Cash and investments with fiscal agent/restricted assets - Total sources of funds 19,181,610 1,996,600 Uses of funds: Additions to Capital Assets 4,150,210 96,989 Increase in: Accounts receivable 57,940 Employee Advances Grants receivable 30,027 Inventory-supplies - - Additions to Capital Assets Increase in: Accrued interest receivable Prepaid Expenses 17,871 Due from other funds 5,047 Retained Earnings-FY'06 AJE Bond Discounts/Financing Costs Cash and investments with fiscal agent/restricted assets 13,533 4

5 Page 2 Decrease in: Accounts payable 2,695, ,409 Contracts payable 241,359 - Other payables 250,541 2,233 Compensated absences 4, Due to other funds 800,179 27,401 Bond Premium/Deferred Refunding Payable LOC-Terminal Construction Bonds payable 11,605,000 1,360,000 Total uses of funds 19,778,199 2,059,548 Increase (decrease) in cash and short-term investments (596,589) (62,948) Cash and short-term investments at beginning of period 39,860,277 39,326,636 Cash and Short-Term Investments at End of Period $ 39,263,688 $ 39,263,688 This financial statement is an interim statement and is unaudited. 5

6 Fleet Services Fund Statement of Net Assets July 31, 2011 Assets July 31, 2011 July 31, 2010 Current Assets: Cash $ (16,718) $ (33,473) Investments 286, ,102 Accounts Receivable 2,259 Accrued Interest Receivable 1 19 Due from Other Funds 301, ,473 Due from Govt. - Inventories: Supplies 12,606 12,476 Diesel - Licenses - Prepaid expenses 5,244 5,058 Total Current Assets 591, ,655 Noncurrent Assets: Employee Advances Receivable 3,144 3,213 Total Noncurrent Assets 3,144 3,213 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. (1,014,937) 740, ,165 Construction in Progress - Construction in progress-current year 42,600 Total Capital Asets (Net of Accum. Depr.) 783, ,165 Total Assets $ 1,377,894 $ 1,435,033 Liabilities Current Liabilities: Accounts Payable $ 158,306 $ 120,031 Contracts Payable - Accrued Payroll & Taxes Payable 46,205 50,971 Due to Other Funds 41,039 42,554 Advance from Airport Fund 72,004 79,217 Other Payables Total Current Liabilities 318, ,227 Noncurrent Liabilities: Compensated Absences 98,188 82,510 Unearned Revenue-Rent - Advance from Solid Waste Fund-New Facility 621, ,684 Total Noncurrent Liabilites 719, ,194 Total Liabilities * 1,037,891 1,052,421 Net Assets Investment in Capital Assets, net of related debt 161, ,481 Unreserved (deficit) 178, ,131 Total Net Assets $ 340,003 $ 382,612 * Does not include $ 53,938 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 10 Month Period Ending July 31, 2011 Annual YTD Budget YTD Actual Current Month Percent Operating Revenues: Charges for Services $ 2,740,351 $1,999,906 $ 194,889 73% Rental Income - - Miscellaneous 52,667 22,051 Total Operating Revenues 2,740,351 2,052, ,940 75% Operating Expenses: Personnel Costs 1,137, ,354 79,133 70% Maint & Operations 1,429,493 1,211, ,706 85% Total Operating Expenses 2,567,173 2,012, ,839 78% Operating Income 173,178 39,801 12,101 23% Non-Operating Revenues (Expenses): Interest Revenue 1, % (Interest Expense)-Shop Advance (40,000) (8,475) (844) 21% Asset Sales 2,070 2, % Transfer-in (General Fund) - 10,404 * Rebate (Risk Fund) - - Transfer-out (General Fund) - - Total Non-Operating Revenues (35,955) 4,540 (842) -13% Net Income before Depreciation 137,223 44,341 11,260 32% Less: Depreciation (80,300) (66,917) (6,692) 83% Net Income $ 56,923 $ (22,575) $ 4,568-40% * Revenue from sale of surplus vehicles transferred to fleet. 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 July 31, 2011 July 31, 2011 July 31, 2010 ASSETS Current Assets: Cash $ (357,754) Investments 35,753,728 Investments-Reserved 3,851 Investments-Loan Reserves 681,018 Accounts Receivable 1,890,572 less Reserve Bad Debt (165,293) 1,725,279 Sewer Dist. Receivable 2,688,815 less Reserve - 2,688,815 Accrued Interest Receivable 118,621 Grants Receivable - Assessments Receivable 2,448,608 Due From Other Funds 378,560 Advances to Other Funds-Geothermal 112,406 Inventory-Supplies 1,327,603 Inventory-Crop - Other Assets - Prepaid Expenses 85,290 Total Current Assets 44,966,025 43,248,742 Noncurrent Assets: Discount on WW Facility Note 142,287 Deferred Bond Costs for WW Fac Bond 46,238 Employee Advances 19,162 Total Noncurrent Assets 207, ,029 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 6,141,938 5,961,555 less: Accum. Depreciation (129,524,087) 233,331, ,150,014 Total Capital Assets (Net of Accum. Depreciation) 261,081, ,691,995 Total Assets $ 306,254,825 $ 302,176,766 8

9 Sewer Fund Statement of Net Assets pg.2 July 31, 2011 July 31, 2010 LIABILITIES Current Liabilities Accounts Payable $ 846,712 $ 1,099,430 Contracts Payable - - WW Facility Bonds, Current Portion - - Capital Lease Payable, Current - - Loans Payable, Current Portion 230, ,035 Developer Trunk Trust 98,033 97,993 Accrued Payroll & Taxes Payable 592, ,686 Other Payables 620, ,483 Due to Other Funds 767, ,477 Lift Station Trust 127, ,926 3,284,090 3,544,030 Noncurrent Liabilities: Compensated Absences 789, ,594 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, ,521 Capital Lease Payable Total noncurrent liabilities: 19,742,635 21,346,606 *Total Liabilities 23,026,725 24,890,636 NET ASSETS Investment in capital assets, net of related debt 242,151, ,178,679 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) 36,016, ,228,100 34,636,179 Total Net Assets $ 283,228,100 $ 277,286,131 This financial statement is an interim statement and is unaudited. * Does not include $ 6,391,571 in outstanding PO encumbrances. 9

10 Sewer Fund Statement of Revenues and Expenditures Pg 1 For the 10 Month Period Ending July 31, 2011 Annual YTD Budget YTD Actual Current Month Percent Operating Revenues: Service Billing $ 21,429,520 $ 17,500,692 $ 1,782,789 82% Salary Reimbursement 882, ,659 15,495 12% Service-Garden City 1,348, , ,855 62% Bench 1,907,900 1,443, ,073 76% NW Boise 624, ,033 54,549 81% West Boise 1,415,900 1,109, ,026 78% Owyhee Sewer District Eagle Sewer District 569, , ,269 90% Geothermal % Septage Haulers Fees 118, ,550 17,503 91% WB Congeneration Recycling Farm Lease 15, % Crop Revenue 1,902, , ,573 22% Capacity Rental Fees - 8,302 8,302 Donations Other 787,105 1,193,675 39, % Total Operating Revenues 31,002,788 23,734,654 2,534,094 77% Operating Expenses: Salaries-Engineering 2,006,303 1,765, ,127 88% Administration 1,393, ,171 77,454 59% Utility Billing 358, ,740 26,735 89% IT 3, % Boise WaterShed 99,512 81,502 8,011 82% Operations 360, ,110 31,400 87% Environmental 1,021, ,822 88,067 84% Line Maint. 1,484,270 1,224, ,948 82% Central Lab 1,178,776 1,063, ,738 90% Lander 1,022, ,876 89,881 85% Gowen Field - 2,065 - West Boise 1,129, , ,079 84% Bio-Solids 200, ,154 18,886 79% Lander Maintenance 523, ,403 47,483 90% West Boise Maintenance 752, ,301 64,664 85% Bio-Solids Application Site 657, ,476 68,664 76% Total Salaries ,036,536 1,040,137 82% 10

11 Sewer Fund Preliminary Statement of Revenues and Expenditures Pg 2 For the 10 Month Period Ending July 31, 2011 Annual YTD Actual Current Mo. YTD Budget Exp. or Rev. Exp. or Rev. Percent M&O- Bad Debt $ 300,000 $ 72,002 $ 5,612 24% Indirect Cost Reimb Indirect Cost Reimb-Capital Portion - 280,831 28,083 Personal Services-Capital Misc. Costs-Capital 6,032 10, % Developer Payback 1,000,000 95,305 18,021 10% Garden City Trunk Exp Engineering 235, ,776 13,146 54% Administration 2,995,924 1,843, ,066 62% Utility Billing 702, ,897 60,989 73% IT Boise Watershed 22,188 16,017 1,226 72% Operations 126,109 82,592 1,385 65% Environmental 598, ,441 35,348 21% Line Maint. 510, ,244 52,122 80% Central Lab 282, ,358 16,906 72% Lander 1,082, , ,997 65% West Boise 1,924,468 1,478, ,350 77% Bio-Solids 159, ,127 13,219 68% Lander Maintenance 35,206 30,962 2,995 88% West Boise Maintenance 49,765 28,387 3,807 57% Bio-Solids Application Site 1,534, , ,269 48% Total M&O Expense 11,564,519 6,855, ,094 59% Total Operating Expense 23,756,396 16,892,273 1,989,231 71% Operating Income 7,246,392 6,842, ,863 94% Non-Operating Revenue (Expenses): Art Commission Reimb. (43,290) (9,749) - 23% Operating Grants Interest Revenue 1,144, ,959 72,921 56% Gain on Refinancing 40, % Property Sales Transfers in (General Fund) 489, % Interest on Advance Bond Interest Expense (542,305) (204,369) (1,547) 38% Loan Interest Expense (298,220) (152,026) - 51% Prepaid Bond Amortization (2,100) - - 0% Total Non-operating revenues(expenses) 788, ,315 66,874 35% Net income (loss) before (Depreciation) and Capital Contributions 8,034,627 7,120, ,737 89% Depreciation: Boise City Customers(80%) (6,871,143) (5,841,400) (584,140) 85% Contract Agencies(20%) (1,717,786) (1,460,350) (146,035) 85% Total Depreciation (8,588,929) (7,301,750) (730,175) 85% Capital Contributions: Capital Contributions, Grants Connection Fees 1,735,535 1,742, , % Equivalent Assessments 461, ,759 67,513 94% Other (including developer) 7,917 - (8,279) 0% Total Contributions 2,205,292 2,177, ,756 99% Net Income after depreciation and capital contributions $ 1,650,990 $ 1,996,646 $ 419, % Capital Assets 29,653,170 $ 6,141,938 $ 635,085 $ 21% This financial statement is an interim statement and is unaudited. 11

12 Sewer Enterprise Fund Statement of Changes in Financial Position July 31, 2011 YTD Month Ending Sources of funds: Operations: Net income, before depreciation $ 7,120,696 $ 611,737 (which does not require current outlay of cash) Total funds from operations 7,120, ,737 Contributions and capital revenues 2,177, ,756 Increase in: Accounts payable 315,943 Other payables Due to other funds 111,466 Bonds Payable-WW Facility Bonds Payable-Amort. Gain Loans/Capital Lease Payable - Lift Station/ Developer Trust 7, Decrease in: Accounts receivable 1,179,487 55,937 Sewer district receivables 461,963 Grants receivable Accrued interest receivable 53,625 7,100 Inventories-Crop & Supplies - - Due from other funds 1,978,792 Advances to Other Funds-Geothermal Prepaid Expenses 43,100 Other Assets - - Discount on WW Facility Bonds 15,467 1,547 Deferred Bonds Costs for WW Facility 5, Employee Advances 2,240 2,189 WW Facility Bond Fund Total sources of funds 13,002,393 1,687,289 Uses of funds: Additions to Capital Assets $ 6,141,938 $ 635,085 Increase in: Accounts receivable Sewer district receivables 206,722 Grants receivable Accrued interest receivable Inventories-Crop & Supplies Due from other funds 72,708 Advances to Other Funds-Geothermal 27 1 Prepaid Expenses 84,836 Deferred Bonds Costs for WW Facility Employee Advances WW Facility Bond Fund 12

13 Page 2 Decrease in: Accounts payable 610,295 Contracts payable 109,473 - Other payables 64,809 35,231 Due to other funds 1,853,468 Compensated absences 8, Bonds payable-ww Facility 1,135,000 - Bonds Payable-Amort. Gain - - Lift Station/Developer Trust Loans/Capital Lease Payable 226,272 Total uses of funds 10,234, ,497 Increase (decrease) in cash and short-term investments 2,767, ,792 Cash and short-term investments at beginning of period 33,313,122 35,344,051 Cash and Short-Term Investments at End of Period $ 36,080,843 $ 36,080,843 This financial statement is an interim statement and is unaudited. 13

14 Irrigation Fund Statement of Net Assets July 31, 2011 Assets July 31, 2011 July 31, 2010 Current Assets: Cash $ Investments 71,057 55,457 Accounts Receivable (1,444) -1,441 Assessments Receivable 5,632 3,055 Due from Other Funds - 3,622 Prepaid Expenses - 0 Total Current Assets 75,436 60,954 Capital Assets: Buildings - Improvements - Service lines 149, ,079 Furniture and Equipment 114, ,929 Construction-In-Progress-Current Year - Less Allowance for Depreciation (63,480) 200,528-54,642 Total Assets $ 275,964 $ 270,320 Liabilities: Accounts Payable $ 1, Contracts Payable - Due to Other Funds 3,444 1,072 Advances-Other Funds - Developer Payback 10,180 10,180 Other Accrued Liabilities 7,892 3,897 Total Liabilities 22,977 15,942 Net Assets Investment in Capital Assets, net of related debt 200, ,366 Unreserved (deficit) 52,459 45,012 Total Net Assets $ 252,987 $ 254,378 This financial statement is an interim statement and is unaudited. 14

15 Irrigation Fund Statement of Revenues and Expenditures For the Period Ending July 31, 2011 Annual YTD Budget YTD Actual Current Month Percent Operating Revenues: Irrigation Assessments $ 28,390 $ 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 28,452-87% 5,616 Operating Expenses: Personnel Costs - - Supplies & Materials % Contractual Services 24,209 16,735 3,961 69% Ind. Cost Reimb. 13,383 9, % Total Operating Expenses 37,657 25,959 4,879 69% Operating Income (4,877) 2,493 (4,879) -51% 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 2,529 (4,878) 24% and Contributions Less: Depreciation (8,838) (7,365) (737) 83% Capital Contributions: Developer 0 - Net Income $ 1,500 $ (4,836) $ (5,615) -322% 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 July 31, 2011 Assets 7/31/2011 7/31/2010 Current Assets: Cash $ 84,287 $ (4,649) Investments 50, ,051 Accounts Receivable 27,056 37,814 Grants Receivable 196,318 - Due from Other Funds Inventory-Supplies 168, ,511 Prepaid Expenses Total Current Assets 527, ,949 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 1,507, ,061 Less Accum. Depr. (3,309,379) 3,994,166 (3,146,125) Total Capital Assets (Net of Accum Depr.) 5,501,715 4,562,116 Total Assets $ 6,028,957 $ 5,324,065 Liabilities Accounts Payable $ 302,964 $ 14,097 Contracts Payable - - Due to Other Funds 44,096 12,617 Advances Payable - Sewer 112, ,366 Accrued Payroll & Taxes Liability 10,459 5,034 Other Accrued Liabilities 60,280 96,655 Total Liabilities * 530, ,769 Net Assets Investment in capital assets, net of related debt 5,501,715 4,562,116 Unreserved (deficit) (2,963) 521,180 Total Net Assets $ 5,498,752 $ 5,083,296 * Does not include $ 464,938 in outstanding PO encumbrances 17

18 Geothermal Fund Statement of Revenues and Expenditures For the Period Ending July 31, 2011 Annual YTD Budget YTD Actual Current Month Percent Operating Revenues: Water Sales $ 632,490 $ 541,978 $ 15,475 86% Direct Reimb. 9,000 3,850 43% Misc. Revenue 3, Total Operating Revenue 641, ,917 15,516 86% Operating Expenses: - Personnel Costs 94,008 80,677 7,908 86% Supplies & Materials % Contractual Services 267, ,980 13,076 42% Ind. Cost Reimb. 26,306 31,067 3, % Total Operating Expenses 388, ,756 24,090 58% Operating Income 252, ,161 (8,574) 128% Non-Operating Revenues (Expenses): Interest Revenue 7, % Interest Expense (7,651) (25) (1) 0% Transfer in - Transfer (out) (100,000) (83,334) (8,333) 83% Total Non-Operating Revenues (Exp) (99,685) (82,440) (8,286) 83% Net Income (Loss) before Depr & Capital C 153, ,721 (16,860) 158% Less: Depreciation (166,895) (139,080) (13,908) 83% Capital Contributions: Grants (HUD)/ Other (State of Idaho) 3,502, , ,500 5% Grants-Stimulus Funds (DOE) - Net Income after Depr and Capital Contribu $ 3,489,016 $ 274,141 $ 140,732 8% Capital Assets 4,613,625 1,056, ,620 23% This financial statement is an interim statement and is unaudited. 18

19 Statement of Changes in Financial Position Geothermal Enterprise Fund July 31, 2011 YTD Month Ending Sources of funds: Operations: Net income, before depreciation $ 241,721 $ (16,860) (which does not require current outlay of cash) Total funds from (used in) operations 241,721 (16,860) Contributions and capital revenues 171, ,500 Increase in: Accounts Payable 257, ,325 Advances payable-sewer 26 - Other accrued liabilities 25 Due to other funds 15,613 Compensated Absences Decrease in: Accounts receivable Inventory-Supplies - Due from other funds 14, Grants receivable 35,478 - Prepaid expenses 102 Employee Advances Total sources of funds 720, ,742 Uses of funds: Additions to property, plant & equipment 1,056, ,620 Increase in: Accounts receivable 8,086 11,863 Inventory Supplies - Due from Other Funds Prepaid expenses 205 Decrease in: Accounts payable Advances payable-sewer Contracts payable - - Due to other funds 16,757 Other Accrued Liabilities 34,573 Total uses of funds 1,116, ,483 Increase (decrease) in cash and short-term investments (396,403) 150,259 Cash and short-term investments at beginning of period 531,321 (15,341) Cash and Short-Term Investments at End of Period $ 134,918 $ 134, This financial statement is an interim statement and is unaudited.

20 Solid Waste Fund Preliminary Statement of Net Assets July 31, 2011 July 31, 2011 Assets Current Assets: Cash $ 53,931 Investments 1,744,870 Accounts Receivable 1,785,551 Less Reserve Bad Debt (144,719) 1,640,832 Accrued Interest Receivable 3,197 Assessments Receivable - Due From Other Funds 6,276 Other Assets - Prepaid Expenses 2,078 Total Current Assets 3,451,184 Noncurrent Assets: Employee Advances Receivable 800 Meth Lab Clean-Up Loans Receivable - Advances-City Shop Fund 621,695 Total Noncurrent Assets 622,495 Capital Assets: Automobiles and Trucks 120,540 Machinery and Equipment 258,558 Public Art Collection 25,629 Less Accum. Depr. (198,553) 206,174 Construction-in Progress, Booked - Construction-in-Progress, Current Year - Total Capital Assets ( Net of Accum. Deprec.) 206,174 Total Assets $ 4,279,853 Liabilities: Current Liabilities: Accounts Payable 1,647,744 Contracts Payable - Accrued Payroll and Taxes Payable 16,107 Trash Deposits Payable - Due to Other Funds 164,063 Unearned Revenue 531,492 Other accrued liabilities - Total Current Liabilities 2,359,406 Noncurrent Liabilities: Compensated Absences 36,286 Total Liabilities* 2,395,692 Net Assets Investment in Capital Assets, Net of related debt 206,174 Unreserved (deficit) 1,677,987 Total Net Assets $ 1,884, This financial statement is a interim statement and is unaudited. * Does not include $64,104 in outstanding PO encumbrances.

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22 \ City of Boise Solid Waste Fund Preliminary Statement of Revenues and Expenditures For the 10 Month Period Ending July 31, 2011 Annual YTD Operating Revenues: Budget YTD Actual Current Month Percent PROGRAM DEV/MGMT: Households-O&M $ 12,217,800 $ 9,371,750 $ 939,511 77% Commercial- Regular,Recycling and On-Call 12,523,150 9,915, ,367 79% Interest & Penalities 332, ,431 18,394 37% Misc. Revenue 41,430 51,748 5,623 0% Transfer Ins - - 0% Total Operating Revenues 25,114,720 19,461,065 1,935,896 77% - Operating Expenses: Personnel Costs 374, ,897 30,227 81% Supplies & Materials 405, ,450 15,170 27% Maintenance & Operation 288, ,946 3,319 52% Leaf Collection 92, , % Xmas Trees 20,000 21, % Glass Recycling 46,500 59,375 6, % Special Recycling/Environmental Programs 9,000 4,088 45% Strategic Plan Consulting/Mgmt - - Advertising 35,000 16,854 2,328 48% Allied Contract Recycling - - Household Recycling 2,001,300 1,794, ,798 90% Business Recycling 315, ,321 39, % Household Trash/Appliance 5,695,900 5,114, ,837 90% Business Trash 5,449,100 4,391, ,396 81% Utility Billing Services 575, ,820 45,882 80% Franchise 1,160, ,143 95,570 80% School Recyling 2,600-0% Downtown Trash 18,725 13,437 11,944 72% Landfill-Commercial/Residential/Special 7,321,709 5,266, ,507 72% Cross Charges 75,038 44,017 59% Indirect Cost Reimb. 299, ,525 19,953 67% Collections Staff Support 201, ,897 17,758 67% Arts Reimb % Junk Cars-Towing 200-0% Environmental Education 48,134 40,120 4,012 83% Misc. Expenses 25-0% Bad debt expense 200,000 32,739 4,961 16% Low Income Discount 10,426 13,494 1, % Transfer Out-UB Rewrite 489,750-0% Transfer Charges 103,000 85,833 8,583 83% Total operating expenses 25,239,632 19,690,171 2,029,407 78% Non-Operating Revenues(Expenses): Operating Grants Net Income(Loss) before Depreciation (124,912) (229,105) (93,510) 183% Less Depreciation (39,942) (33,285) (3,329) 83% Net Income After Depreciation $ (164,854) $ (262,390) $ (96,839) 159% 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 10 Month Period Ending July 31, 2011 ASSETS July 31, 2011 July 31, 2010 Current Assets: Cash and cash equivalents $ 1,191,630 $ 1,326,009 Investments 3,939,497 7,621,784 Receivables: Accounts and interest 67,254 49,694 Interfund receivables 4,188 8,940 Prepaid items - Total current assets 5,202,569 9,006,427 Total assets $ 5,202,569 $ 9,006,427 LIABILITIES Current Liabilities: Accounts Payable * $ (438) - Self Insurance Claims 1,451,000 1,366,000 Other accrued liabilities 3,153 (18) Interfund Payables 19,951 4,300 Total current liabilities 1,473,666 1,370,282 Total liabilities 1,473,666 1,370,282 NET ASSETS Invested in capital assets Reserved for future claims 3,728,903 7,636,145 Total net assets $ 3,728,903 $ 7,636,145 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 $ 452 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 10 Month Period July 31, 2011 Annual YTD Budget YTD Actual Current Month Percent Operating Revenues: Charges for Services: Retirees Share $ 962,030 $ 246,290 $ 9,234 26% COBRA Share 430, ,212 18,056 54% Employee/Employer Share * 23,200,175 9,400, ,025 41% Reimb-Stop Loss - 337,572 Pharmacy Rebate 132,482 90,821 69% Misc. Revenue - - Employee Wellness Revenue 12,000-0% Total Operating Revenues 24,736,771 10,305, ,315 42% Operating Expenses: Personnel Services - 0 (115) Professional Services 95,424 50,684 3,958 53% Administrative Services 1,820, ,281 70,369 43% Claims-Active 22,544,697 10,513,888 1) 329,719 47% Claims-Retirees - 407,415 1) 7,957 Claims-IBNR 85,000 Purchased Services - 1,811 Contractual Services-Employee Wellness 330, ,655 43,317 86% Total Operating Expenses 24,791,469 12,134, ,205 46% Operating Income (loss) (54,698) (1,829,080) 507, % Non-Operating Revenues (Expenses) Interest Revenue 150,000 38,144 3,453 25% Total Non-Operating Revenues 150,000 38,144 3,453 25% Income before operating transfers 95,302 (1,790,936) 510, % Interfund Transfers in Interfund Transfers out - Change in net assets 95,302 (1,790,936) 510, % - - Change in net assets/net income $ 95,302 $ (1,790,936) $ 510, % * 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