FINANCIAL and STATISTICAL REPORT for MARCH 2014

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1 FINANCIAL and STATISTICAL REPORT for MARCH 2014 PUBLIC UTILITY DISTRICT NO. 1 OF OKANOGAN COUNTY TELEPHONE: (509) POST OFFICE BOX 912 FAX: (509) OKANOGAN, WASHINGTON 98840

2 OPERATING REVENUE RESIDENTIAL GENERAL SERVICE INDUSTRIAL IRRIGATION AND FROST CONTROL STREET LIGHTING SALES FOR RESALE PUBLIC UTILITY DISTRICT NO. 1 OF OKANOGAN COUNTY COMPARATIVE STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION - COMBINED FOR THE TWELVE CONSECUTIVE MONTH PERIODS ENDING MARCH 31, 2014 AND 2013 ELECTRIC SYSTEM $21,966, ,393, ,558, ,196, , ,067, COMMUNICATIONS SYSTEM $ 2,275, $21,966, ,668, ,558, , 196, , ,067, $19,267, ,628, , 163, ,029, , ,803, TOTAL SALES $46,322, $2,275, $48,597, $42,027, OTHER OPERATING REVENUE CARRYING CHARGES $163, $1, $164, $164, MISCELLANEOUS SERVICE REVENUE 108, ,95 140, , RENTS 107, , , OTHER OPERATING REVENUE 857, , , TOTAL OTHER REVENUE $1,236, $32, $1,269, $846, TOTAL OPERATING REVENUE OPERATING EXPENSES PRODUCTION PURCHASED POWER OTHER POWER SUPPLY TRANSMISSION DISTRIBUTION TELECOMMUNICATIONS CUSTOMER ACCOUNTING CUSTOMER SERVICE AND INFORMATION ADMINISTRATIVE AND GENERAL TAXES DEPRECIATION/AMORTIZATION TOTAL OPERATING EXPENSES OPERATING RATIO $47,559, $78, ,818, , , , 121, ,525, , ,291, ,487, ,925, $42,546, % $2,308, $ 1,257, , ( 13,633.07) 76, , , $2,027, % $49,867, $78, ,818, , , ,121, ,257, ,531, , ,368, ,499, ,613, $44,573, % $42,873, $87, ,249, , , ,510, ,027, ,359, , ,195, ,251, ,617, $42,846, % NET OPERATING REVENUES $5,012, $280, $5,293, $27, OTHER INCOME CONTRIBUTIONS IN AID OF CONSTRUCTION INTEREST EXPENSE OTHER DEDUCTIONS EXTRAORDINARY ITEMS $850, , ,504, ,00 $2, 100, , $2,951, , ,780, ,00 $3,240, , ,462, CHANGE IN NET POSITION $5,271, $2, 105, $7,376, $2,714, TOTAL NET POSITION, APRIL 1 $84, 194, $1,634, $85,829, $83, 114, TOTAL NET POSITION, MARCH 31 $89,465, $3,739, $93,205, $85,829,254.49

3 COMPARATIVE STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION - COMBINED FOR THE MONTHS ENDING MARCH 31, 2014 AND 2013 OPERATING REVENUE RESIDENTIAL GENERAL SERVICE INDUSTRIAL IRRIGATION AND FROST CONTROL STREET LIGHTING SALES FOR RESALE ELECTRIC SYSTEM $2,294, ,325, , , , , COMMUNICATIONS SYSTEM $ 202, $2,294, $1,935, ,527, ,297, , , , , , , , TOTAL SALES $4,446, $202, $4,648, $3, 727, OTHER OPERATING REVENUE CARRYING CHARGES MISCELLANEOUS SERVICE REVENUE RENTS OTHER OPERATING REVENUE $11,59 8, , $ 85 $11,59 $7, , , , , TOTAL OTHER REVENUE $47, $85 $48, $41, TOTAL OPERATING REVENUE $4,493, $203, $4,696, $3, 769, OPERATING EXPENSES PRODUCTION PURCHASED POWER OTHER POWER SUPPLY TRANSMISSION DISTRIBUTION TELECOMMUNICATIONS CUSTOMER ACCOUNTING CUSTOMER SERVICE AND INFORMATION ADMINISTRATIVE AND GENERAL TAXES DEPRECIATION/AMORTIZATION $9, ,225, , , , , , , , $ 148, ( 13,633.07) 4, , , $9, $8, ,225, , 177, , , , , , , , , , , , , , , , , , TOTAL OPERATING EXPENSES $3,809, $191, $4,000, $3,740, OPERATING RATIO 84.76% 94.37% 85.18% 99.22% NET OPERATING REVENUES $684, $11, $696, $29, OTHER INCOME $27, $ $27, $478, CONTRIBUTIONS IN AID OF CONSTRUCTION 91, , , INTEREST EXPENSE 86, , , , OTHER DEDUCTIONS EXTRAORDINARY ITEMS CHANGE IN NET POSITION $716, ($11,202.27) $705, $423,558.26

4 COMPARATIVE STATEMENT OF NET POSITION - COMBINED AS OF MARCH 31, 2014 AND 2013 ELECTRIC COMMUNICATIONS SYSTEM SYSTEM 2014 CURRENT AND ACCRUED ASSETS REVENUE FUND & DEPOSITORIES $6,489, $ $6,489, WORKING FUNDS & PETTY CASH 19,95 19,95 TEMPORARY CASH INVESTMENTS 5,505, ,505, ACCOUNTS RECEIVABLE 3,458, , ,537, MATERIALS AND SUPPLIES 2,285, ,285, STORES EXPENSE-UNDISTRIBUTED 529, , PREPAYMENTS 110, , ACCRUED UTILITY REVENUES 3,428, ,428, TOTAL CURRENT AND ACCRUED ASSETS $21,827, $79, $21,907, RESTRICTED ASSETS BOND SINKING FUNDS $1, 157, $ $1,157, COMPENSATED ABSENCES 1,400,00 1,400,00 OTHER SPECIAL FUNDS 6,135,00 6,135,00 DEBT SERVICE RESERVE FUNDS 1,944, ,944, BOND CONSTRUCTION FUNDS CUSTOMER DEPOSITS 600,00 600,00 TOTAL RESTRICTED ASSETS $11,236, $ $11,236, NONCURRENTASSETS UTILITY PLANT PLANT IN SERVICE $131,604, $5, 190, $136,794, CONSTRUCTION WORK IN PROGRESS 22,947, ,397, ,344, LESS: PROVISION FOR RETIREMENT (60, 742,259.86) (2,524,913.58) (63,267, ) TOTAL UTILITY PLANT $93,809, $12,062, $105,871, OTHER ASSETS & DEFERRALS INVESTMENT IN ASSOCIATED COMPANIES $ $ $ ELECTRIC INVESTMENT IN TELECOM 1,561, ,561, NOTES RECEIVABLE 328, , UNAMORTIZED DEBT EXPENSE UNAMORTIZED LOSS ON REACQUIRED DEBT 601, , CLEARING ACCOUNTS 3,823, (3,815,846.62) 7, TOTAL OTHER ASSETS & DEFERRALS $6,314, ($3,815,846.62) $2,498, TOTAL ASSETS $133, 188, $8,326, $141,515, $4,092, ,95 8,979, ,775, ,686, , , ,189, $21,249, $1, 158, ,400,00 6, 135,00 1,944, ,00 $11,237, $134,267, ,580, (60,682,041.73) $98, 165, $ 1,752, , , , , $3,322, $133,975,759.75

5 COMPARATIVE STATEMENT OF NET POSITION - COMBINED AS OF MARCH 31, 2014 AND 2013 ELECTRIC COMMUNICATIONS SYSTEM SYSTEM 2014 CURRENT AND ACCRUED LIABILITIES WARRANTS OUTSTANDING $125, $ $125, ACCOUNTS PAYABLE 2,621, ,621, TAXES ACCRUED 1,346, , ,347, MISCELLANEOUS ACCRUED LIABILITIES 62, , TOTAL CURRENT AND ACCRUED LIABILITIES $4,156, $1, $4, 157, PAYABLES FROM RESTRICTED ASSETS CURRENT PORTION OF LONG TERM DEBT $1,645,00 $ $1,645,00 INTEREST ON LONG TERM DEBT 609, , CUSTOMER DEPOSITS 548, , COMPENSATED ABSENCES 1,633, ,633, TOTAL PAYABLES FROM RESTRICTED ASSETS $4,435, $ $4,435, NONCURRENT LIABILITIES REVENUE BONDS $34,795,00 $ $34,795,00 COMMUNICATIONS ADVANCE FROM ELECTRIC 1,561, ,561, OTHER LONG TERM DEBT 3,024, ,024, UNAMORTIZED PREMIUM ON LONG TERM DEBT 381, , UNAMORTIZED DISCOUNT ON LONG TERM DEBT (45, ) (45,127.47) TOTAL NONCURRENT LIABILITIES $35, 130, $4,585, $39,716, TOTAL LIABILITIES $43, 723, $4,586, $48,309, $34, ,397, ,200, , $3,698, $1,600,00 624, , ,466, $4,233, $36,440,00 1, 752, ,676, , (50,284.95) $40,214, $48, 146, NET POSITION INVESTED IN CAPITAL ASSETS, NET OF DEBT $57,634, $9,038, $66,673, RESTRICTED FOR CAPITAL CONSTRUCTION RESTRICTED FOR DEBT SERVICE 2,492, ,492, RESTRICTED FOR CONTINGENCIES 5,953, ,953, UNRESTRICTED 11,826, (5,298,583.51) 6,527, CONTRIBUTIONS IN AID OF CONSTRUCTION 11,558, ,558, TOTAL NET POSITION $89,465, $3,739, $93,205, TOTAL LIABILITIES AND NET POSITION $133,188, $8,326, $141,515, $59, 145, ,477, ,126, ,520, ,558, $85,829, $133,975,759.75

OKANOGAN, WASHINGTON COMPARATIVE DATA- MARCH 31, 2014 POWER PURCHASED-KWH This Year Current Month Last Year 12-Month Period Endin This Month This Year Last Year This Year Variance Last Year Average

6 OKANOGAN, WASHINGTON COMPARATIVE DATA- MARCH 31, 2014 POWER PURCHASED-KWH This Year Current Month Last Year 12-Month Period Endin This Month This Year Last Year This Year Variance Last Year Average Cost Per KWH This Year Last Year Bonneville Power Admin. Wells Dam Power Nine Canyon Other TOTAL POWER PURCHASED 52,681,000 25,967,000 4,580,000 1,770,000 84,998,000 41,595,000 16,917,000 4,123,000 30,000 62,665, ,278, ,410,000 38,382,000 32,740, ,810, ,406, ,422,000 40,101,000 9,802, ,731,000 (37, 128,000) (27,012,000) (1,719,000) 22,938,000 (42,921,000) (44,694,000) 22,489,000 (4,947,000) (5,739,000) (32,891,000) POWER SALES - KWH Residential General Service Industrial Irrigation & Frost Control Street Lighting Sales for Resale TOTAL POWER SALES 32,586,219 19,620,994 2,934,520 29, , ,935,000 88,222,936 29,167,986 18,257,734 1,740, ,392 14,206,000 63,484, ,986, ,615,599 27,233,640 62,351,735 1,363, ,269, ,820, ,816, ,367,503 20,771,050 65,131,424 1,360, ,991, ,438,709 11,169,319 9,248,096 6,462,590 (2,779,689) 3,082 {65,722,000} (41,618,602) (21,826,990) 1,180,631 (49,580) 4,290,710 (5,306) (31,708,000) (48, 118,535) RETAIL SALES - KWH 55,287,936 49,278, ,551, ,447,709 24,103,398 (16,410,535) ACTIVE ELECTRICAL ACCOUNTS Residential General Service Industrial Irrigation & Frost Control Street Lighting Sales for Resale TOTAL 16,995 2, , ,766 16,977 2, , ,731 BROADBAND END USERS Fiber Motorola-Wireless New Sl'.stem TOTAL This Year 292 1, ,896 Last Year 259 1, ,145

7 MONTHLY BUDGET SUMMARY MARCH 31, 2014 PERCENT OF YEAR COMPLETE 25.00% ELECTRIC BROADBAND CODE DESCRIPTION BUDGET YTDACTUAL PERCENT BUDGET YTDACTUAL PERCENT BUDGET YTDACTUAL PERCENT REVENUE 001 Sales - Reta il 42,501,700 12,946, % 0 % 42,501,700 12,946, % 002 Sales - Wholesale 2,835, , % 2,200, , % 5,035,200 1,585, % 003 Interest 50,000 9, % 0 % 50,000 9, % 004 Miscellaneous 1,104,000 74, % 13,633 % 1,104,000 88, % 005 Rental Income 108,000 18, % 0 % 108,000 18, % 006 Construction Contributions 917, , % 0 % 917, , % 007 Grant Proceeds 472,400 49, % 0 % 472,400 49, % Total Revenue 47,988,300 14,328, % 2,200, , % 50,188,300 14,945, % EXPENDITURES 010 Wages 6,998,100 1,674, % 281, , % 7,279,300 1,783, % 011 Benefits 2,920, , % 125,400 47, % 3,045, , % 020 Travel 115,900 19, % 10, % 125,900 19, % 021 Tuition 69,900 9, % 12,000 0 % 81,900 9, % 030 Transportation 828, , % 42,600 10, % 870, , % 040 Insurance 319,600 78, % 0 % 319,600 78, % 050 Utilities 95,800 18, % 0 % 95,800 18, % 060 Postage, Printing and Stationery 149,400 19, % % 149,700 19, % 070 Advertising 18,600 5, % 0 % 18,600 5, % 071 Conservation Expenditures 472,400 69, % 0 % 472,400 69, % 080 Misc. Contractual Services 1,895, , % 133, % 2,028, , % 081 Legal Services 300,000 22, % 10, % 310,000 23, % 082 Maintenance Contracts 164,700 21, % 147, , % 311, , % 083 Software Licenses and Support 705, , % 38,400 5, % 743, , % 084 Permits and Fees 16, % 71,500 18, % 88,000 19, % 085 Rents and Leases 80,900 18, % 138,900 48, % 219,800 67, % 090 Materials and Supplies 697, , % 85,500 17, % 783, , % 091 Small Tools (under $1,000) 24,000 1, % 1, % 25,000 2, % 092 Miscellaneous 65,000 19, % 0 % 65,000 19, % 099 Unforeseen Operating Contingency 100,000 1, % 0 % 100,000 1, % 120 Purchased Power 23,227,300 7,713, % 0 % 23,227,300 7,713, % 210 Taxes 2,570, , % 11,000 3, % 2,581, , % Total Expenditures 41,834,700 11,884, % 1,108, , % 42,943,000 12,267, % DEBT SERVICE 810 Debt Service - Principal 1,447, , % 354, , % 1,801, , % 811 Debt Service - Interest 1,560, , % 396,800 83, % 1,956, , % Total Debt Service 3,007, , % 750, , % 3,758, , % javailable FOR CAPITAL OUTLAY 3,146,400 1,676, % 340,800 82, % 3,487,200 1,758, %1 CAPITAL OUTLAY Capital - Contractual Services Capital - Materials and Supplies 11,165,000 3,675,000 69, , % 4.40% 266,900 (1,240) 81,227 % 30.43% 11,165,000 3,941,900 68, , % 6.16% 592 Capital - Meter Purchases 70,000 (7,752) % 0 % 70,000 (7,752) % 593 Capital - Transformer Purchases 400,000 0 % 0 % 400, % 710 Capital - Tools and Equipment 4,500 0 % 0 % 4,500 0 % 711 Capital - Buildings 410,000 75, % 0 % 410,000 75, % 712 Capital - Equipment (Over $2,000) 441,900 0 % 30,000 0 % 471,900 0 % Capital - Vehicles Capital - Personal Computers 1,219,000 37,500 (61,281) 4, % 12.59% 0 0 % % 1,219,000 37,500 (61,281) 4, % 12.59% 901 Unforeseen Capital Contingencies 100,000 11, % 0 % 100,000 11, % Total Capital Outlay 17,522, , % 296,900 79, % 17,819, , % RESERVES/DEBT (14,376,500) 1,422, % 43,900 2, % (14,332,600) 1,424, %

8 March 31, 2014 The following is an explanation of fund balances established by resolution for the payment of ordinary and extraordinary operating expenses and the establishment of reserves against contingent and/or unforeseen liabilities. The fund descriptions and balances are as follow: OTHER INVESTMENTS AND FUNDS: Sinking Funds - Bond Principal and Interest Investments $1, 157, Other Special Funds Debt Service Reserve Account 2010 Bond Construction Fund Account Employee Annual Leave Rate Stabilization Fund $1,944, ,400,00 6, 135,00 $9,479, Revenue Fund - Less Warrants Outstanding Temporary Cash Investments Customer Deposit Reserve $5,531, ,505, ,00 $11,637, Total Investments and Funds $22,273,897.40

FINANCIAL and STATISTICAL REPORT for JUNE 2014

FINANCIAL and STATISTICAL REPORT for JUNE 214 PUBLIC UTILITY DISTRICT NO. 1 OF OKANOGAN COUNTY TELEPHONE: (59)422-331 POST OFFICE BOX 912 FAX: (59)422-42 OKANOGAN, WASHINGTON 9884 COMPARATIVE STATEMENT