NORTHWEST PUBLIC POWER ASSOCIATION STATEMENT OF OPERATIONS. Year-to-Date (As of) Jun 30, 2017 Budget UNAUDITED

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1 STATEMENT OF OPERATIONS 8/3/2017 Revenue Jun 30, 2017 Actual Year-to-Date (As of) Jun 30, 2017 Variance Budget % of Budget Prior Yr (YTD) Jun 30, 2016 Actual Dues - Utilities 1,017, , , % 970, Dues - Associate Members 128, , , % 120, Dues - ESM Dues - NWWH 19, , % 19, Education 1,740, ,698, , % 1,822, Sponsorships 148, , , % 114, Promotions, Publications, and A 106, , (1,456.45) % 105, Investments 18, , , % 13, Other Income 16, , (3,722.35) % 20, ,196, ,084, , % 3,186, Operating Expenses General & Administrative (905,450.01) (968,818.56) 63, (93.46)% (901,381.72) Communications (310,024.96) (335,834.81) 25, (92.31)% (327,774.63) Training (1,592,202.81) (1,580,833.66) (11,369.15) (100.72)% (1,724,212.67) Legislative & Regulatory (134,023.70) (148,849.96) 14, (90.04)% (149,801.31) Other Services & Programs (392.35) - (392.35) 0.00 % (726.43) Total Operating Expenses (2,942,093.83) (3,034,336.99) 92, % (3,103,896.76) Non-Operating Rental Income 42, , % 42, Rental Expense (38,846.31) (38,291.02) (555.29) (101.45)% (40,248.59) Non-Operating Revenues 4, , % 2, Taxes (5,566.52) (5,550.00) (16.52) (100.30)% (5,591.55) Net Surplus/(Shortage) 252, , , % 79,718.02

2 Northwest Public Power Association BALANCE SHEET Jun 30, 2017 and 2016 Assets Current Assets Cash & Equivalents $ 171, $ 163, ST Investments 900, ,108, Brokerage CDs 2,928, ,232, add - Current Maturities of LTA - - Accounts Receivable 385, , Allowance for Bad Debt (3,941.94) (2,880.22) Accrued Revenue 9, , Prepaid Expenses 59, , Work in Progress - Events 36, , Promotional Inventory Assets 11, , Total Current Assets 4,499, ,071, Property and Equipment Land & Development Costs 243, , Building & Improvements 2,024, ,976, Furniture and Fixtures 23, , Equipment & Software 431, , Northwest Wage & Hour 45, , Work In Progress 2, Less - Accumulated Depreciation (1,928,930.47) (1,822,779.28) Less - Accumulated Amortization (44,984.81) (44,485.46) Total Property and Equipment 798, , Other Assets Deferred Compensation Plan 113, , LCTC - Building Loan Cert 12, , Patronage Capital Cert 64, , RS Prepayment 365, , less - Current Maturities - LTA - - Other - - Total Other Assets 555, , Total Assets $ 5,852, $ 5,561, Page 1

3 Northwest Public Power Association BALANCE SHEET Jun 30, 2017 and 2016 Liabilities and Stockholders' Equity Current Liabilities Accounts Payable $ 154, $ 206, Accrued Wages 3, , Accrued Taxes & Benefits (0.32) 0.19 Accrued Vacation & Sick Pay 99, , Other - - add - Current Maturities of LTL - - Total Other Current Liabilities 257, , Deferred Revenue Utility Dues 1,017, , Associate Dues 121, , Education Sustaining Dues - - NWWH Dues 19, , Conference Regiistrations & Exhibit Fees 317, , Education Classes 207, , Prepaid Tenant Rent 23, , Total Deferred Revenue 1,706, ,605, Total Current Liabilities 1,964, ,924, Deferred Compensation Plan. 113, , CFC Building Mortgage - - Tenant Security Deposits 3, , less -Current Maturities of LTL - - Current Maturities of LTL_Mortg - - Current Maturities of LTL_Other - - Long Term Liabilities - Other - - Total Long-Term Liabilities 116, , Total Liabilities 2,081, ,048, Stockholders' Equity General Funds 2,633, ,548, Working Capital Fund 500, , Building & Land Maintenance Fun 180, , Office Equipment & IT Fund 120, , Industry Issues & Legal Fund 85, , Net Income 252, , Reconciliation Discrepancies - - Total Stockholders' Equity 3,771, ,513, Total Liabilities and Stockholders' Equity $ 5,852, $ 5,561, Page 2

4 Northwest Public Power Association STATEMENT OF CASH FLOWS Month Ended Jun 30, 2017 YTD as of Jun 30, 2017 Prior Period YTD as of Jun 30, 2016 Cash Flows from Operating Activities Net Income Net Income (Loss) $ 252, $ (26,101.99) Reconciliation Discrepancies - - Total Net Income 252, (26,101.99) Adjustments to Net Income Adjustments to reconcile Net Income (Loss) to net Cash: (Increase) Decrease in: Accounts Receivable (204,392.61) 9, Prepaid Assets/Events-WIP 38, , Promotional Inventory Assets (3,180.38) - Accounts Payable 25, (189,762.21) Defer Revenue - Webinar (2,144.34) - Deferred Revenue (112,314.34) (222,736.58) Payroll Taxes & Benefits Payable (975.14) (19,792.41) RS Prepayment 31, , Accrued Interest Payable (Mortg - - Other Liabilities & Assets 59, (2,024.26) Total Adjustments (167,630.25) (403,757.55) Net Cash Provided By (Used In) Operating Activities 84, (429,859.54) Cash Flows from Investing Activities Capital Assets 13, (31,342.78) Northwest Wage & Hour - - Depreciation & Amortization 40, , Deferred Compensation Plan - - Patronage Capital Cert (3,734.00) - Brokerage CDs (496,000.00) 248, Other Long Term Assets/Liabilities - - Net Cash Provided By (Used In) Investing Activities (445,516.04) 227, Cash Flows from Financing Activities Tenant Security Deposits - - CFC Bulding Mortgage - - General Funds - - Reserve Funds - - Net Cash Provided By (Used In) Financing Activities - - Net Increase (Decrease) in Cash (360,648.19) (202,667.91) Cash at Beginning of Period Cash at Beginning of Period 1,428, ,475, Total Cash at Beginning of Period 1,428, ,475, Cash at End of Period $ 1,067, $ 1,272, Page 3

5 8/3/ CAPITAL BUDGET As of: Jun-17 NWPPA 5-Year Capital Budget Total Budgets Capital Projects: New/Upgrade Financial Software - 0 New/Upgrade Member Database - 0 Courseware for Asynchronous Learning 100, ,000 Document Management System 30,000 30,000 Website Redesign - 5,000 5,000 Subtotal Capital Projects 130,000-5, ,000 Computers Computer Replacement (4yr Life) 9,000 10,000 3,500 9,000 9,000 40,500 Laser Printers Replacement (5yr Life) - 1, ,100 Monitor Replacement (5yr Life) ,750 Phone Replacement Server Replacement (5yr Life) ,000 30,000 Copier Replacement (5yr Life) ,000-36,000 Postage Meter Replacement - Other - Projector Replacement 1,500 1,500 1,500 1,500 1,500 7,500 Subtotal Furniture elearning Video Conference Equipment 2,000 2,000 2,000 2,000 2,000 10,000 Video Recording Equipment Subtotal elearning 2,000 2,000 2,000 2,000 2,000 10,000 Building: Carpet - 25,000-25,000 Tenant Carpet 10,000-10,000 Tenant Bathroom Remodel ,000 15,000 Tenant Office Remodel 15,000 15,000 Bathroom Remodel 25, ,000 Kitchen Floor 3,000 3,000

6 8/3/2017 Office Lighting 5,850 5,850 Replace Sprinkler System Entrance Doors Foyer Replace Office Roof ,000 70,000 Remodel Board Room 65, ,000 A/V Equipment for Board Room 10,000 10,000 Exterior Painting ,000 10,000 Interior Painting - 15,000-15,000 Parking Lot - - 9,000 9,000 Roof Maintenance 2,500-2, ,000 Security System 8,000 8,000 Cooling Tower 50,000 Heat Pump Subtotal Building 152,500 61,000 38,350 10,000 79, ,850 Total 295,750 76,750 87,100 53,850 92, ,700

7 8/3/2017 As of: Investment Schedule Jun-17 General Funds - Sweep Transaction Date Number of Days Amount Mature Date Interest Rate Daily Sweep Daily N/A Certificates of Deposit Various 2,928, Various Money Market Account (FDIC $1M N/A 900, N/A Balance Invested $ 3,828, Active Commercial Paper - CFC Transaction Date Number of Days Amount Mature Date Interest Rate 0 Balance Invested $ - Active Medium Term - CFC Transaction Date Number of Days Amount Mature Date Interest Rate Total Reserve Fund Investments $ - $ -

8 As of: Jun-17 Working Capital (12 Month Rolling Avg.) 1,958, Less: Reserve Requirement* (1,915,081.50) Less: Other - Excess Reserve $ 43, Days of Oper. Expense in Excess of Requirement 2.21 * Per Policy # % of all risks excluding unlikely potential Cash Reserve Analysis Working Capital Reserves

9 Training 54% NORTHWEST PUBLIC POWER ASSOCIATION 2017 REVENUES As of June 30, 2017 Assoc. Dues 4% Sponsorships 5% Bulletin & Dir 3% Services 1% Other 1% Utility Dues 32%

10 Training 54% NORTHWEST PUBLIC POWER ASSOCIATION 2017 EXPENSES As of June 30, 2017 Other Services 0% Gen & Admin 31% Communications 10% Legislative 5%

11 $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 NORTHWEST PUBLIC POWER ASSOCIATION Revenue Actual vs Budget As of June 30, 2017 Actual Budget

12 Expense Actual vs Budget As of June 30, 2017 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 Actual Budget

Revenue and Expenses 6,000,000.00 5,000,000.00 4,000,000.

13 Revenue and Expenses 6,000, ,000, ,000, ,000, ,000, ,000, Revenue Expense

Current Assets and Liabilities 5,000,000.00 4,500,000.00 4,000,000.00 3,500,000.00 3,000,000.

14 Current Assets and Liabilities 5,000, ,500, ,000, ,500, ,000, ,500, ,000, ,500, ,000, , Current Assets Current Liabilities

15 Working Capital - Rolling 12 Months (Stated in 000s) 3, , , , , ,097 2,086 2,072 2,122 2,198 2,263 2,136 2,126 2,073 2,444 2,525 2,

16 Working Capital - Rolling 8 years (Stated in 000s) 3,000 2,500 2,000 1,500 1, ,628 1,744 1,822 1,522 1,909 2,079 2,263 2,514 0

17 EQUITY RATIO - ROLLING 12 MONTHS (EQUITY AS A % OF TOTAL ASSETS) 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% 65.3% 66.3% 67.7% 70.7% 75.6% 62.5% 53.1% 50.7% 49.9% 57.0% 61.5% 64.4%

18 EQUITY RATIO - ROLLING 8 YEARS (EQUITY AS A % OF TOTAL ASSETS) 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% 39.8% 42.0% 41.1% 43.1% 46.9% 62.0% 62.5% 64.4%

19 Financial Margin- Rolling 8 Years (MARGIN AS A % OF TOTAL REVENUE) 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 3.9% 5.6% 1.8% 7.6% 7.5% 7.4% 1.8% 7.9%

20 Return on Equity- Rolling 8 Years (MARGIN AS A % OF TOTAL EQUITY) 16.0% 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% 7.9% 11.2% 3.6% 14.3% 12.9% 12.7% 2.7% 6.7%

21 Return on Assets- Rolling 8 Years (MARGIN AS A % OF TOTAL ASSETS) 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 3.2% 4.7% 1.5% 6.2% 6.1% 7.9% 1.7% 4.3%

NATIONAL PTA. FINANCIAL STATEMENTS September (Unaudited)

NATIONAL PTA. FINANCIAL STATEMENTS September (Unaudited) NATIONAL PTA FINANCIAL STATEMENTS September 2016 TABLE OF CONTENTS Executive Summary 1 National PTA Statement of Financial Position A 1 Statement of Net Assets A 4 Statement of Activities Actual vs. Budget