FINANCIAL and STATISTICAL REPORT for JUNE 2014

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

2 COMPARATIVE STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION - COMBINED FOR THE TWELVE CONSECUTIVE MONTH PERIODS ENDING JUNE 3, 214 AND 213 OPERATING REVENUE RESIDENTIAL GENERAL SERVICE INDUSTRIAL IRRIGATION AND FROST CONTROL STREET LIGHTING SALES FOR RESALE ELECTRIC $22,555, ,755, ,839, ,4, , ,867,61.8 COMMUNICATIONS $ 2,39, $22,555, ,145, ,839, ,4, , ,867, $19,463, ,795, ,152, ,151, , ,315,55.51 TOTAL SALES $47,56, $2,39, $49,951,539.5 $44,13, OTHER OPERATING REVENUE CARRYING CHARGES MISCELLANEOUS SERVICE REVENUE RENTS OTHER OPERATING REVENUE $159, , , ,15, $1, ,925. $16, , , ,15, $167, , , ,98.33 TOTAL OTHER REVENUE $1,392, $4,2.21 $1,432, $1,32, TOTAL OPERATING REVENUE $48,953, $2,43,58 $51,383, $45,46, OPERATING EXPENSES PRODUCTION PURCHASED POWER OTHER POWER SUPPLY TRANSMISSION DISTRIBUTION TELECOMMUNICATIONS CUSTOMER ACCOUNTING CUSTOMER SERVICE AND INFORMATION ADMINISTRATIVE AND GENERAL TAXES DEPRECIATION/AMORTIZATION $76, , 153, , , , 179, ,494, , ,86, ,578,6.11 3,994,82.13 $ 1,23, , (14,21.41) 64, , , $76, , 153, , , , 179, ,23, ,5, , ,151, ,59, ,64, $79, ,288, , , ,391, , ,38, , ,448, ,282, ,622,931.4 TOTAL OPERATING EXPENSES $42,896, $1,945, $44,842, $42,912, OPERATING RATIO 87.63% 8.6% 87.27% 95.26% NET OPERATING REVENUES $6,56, $484, $6,541, $2, 133, OTHER INCOME CONTRIBUTIONS IN AID OF CONSTRUCTION INTEREST EXPENSE OTHER DEDUCTIONS EXTRAORDINARY ITEMS $618, ,28, ,459, , $2, 1, ,9.56 $2,718, ,28, ,741, , $3,238, ,9.12 1,273, CHANGE IN NET POSITION $6,339,575.2 $2,32, $8,642, $4,91, TOTAL NET POSITION, JULY 1 $84,992,78.85 $1,624,59.3 $86,616, $81,714, TOTAL NET POSITION, JUNE 3 $91,331, $3,926, $95,258,582.6 $86,616,137.88

3 COMPARATIVE STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION - COMBINED FOR THE MONTHS ENDING JUNE 3, 214 AND 213 OPERATING REVENUE RESIDENTIAL GENERAL SERVICE INDUSTRIAL IRRIGATION AND FROST CONTROL STREET LIGHTING SALES FOR RESALE ELECTRIC $1,276, ,7, , , , , COMMUNICATIONS $ 24, $1,276,662.5 $1,74, ,2 12, ,57, , , , , , , , , TOTAL SALES $3, 758, $24,7.92 $3,963,435.3 $3,423, OTHER OPERATING REVENUE CARRYING CHARGES MISCELLANEOUS SERVICE REVENUE RENTS OTHER OPERATING REVENUE $12,8 1, , $ $13, $14,76.6 1, , , , TOTAL OTHER REVENUE $49,32.17 $ $5, $51, TOTAL OPERATING REVENUE $3,88,54.55 $25,624.3 $4,13, $3,475, OPERATING EXPENSES PRODUCTION PURCHASED POWER OTHER POWER SUPPLY TRANSMISSION DISTRIBUTION TELECOMMUNICATIONS CUSTOMER ACCOUNTING CUSTOMER SERVICE AND INFORMATION ADMINISTRATIVE AND GENERAL TAXES DEPRECIATION/AMORTIZATION $4, ,671,3 56, , , , , , , $ 73, , , , $4, $5, ,671,3 1,56, 16 56, , , , , , , , , , , , , , , , ,347.3 TOTAL OPERATING EXPENSES $3,348, $13, $3,478,69.26 $3,23,971.3 OPERATING RATIO 87.92% 63.46% 86.67% 92.96% NET OPERATING REVENUES $459, $75, $535,69.59 $244,87.36 OTHER INCOME $27, $ $27, $178,815.1 CONTRIBUTIONS IN AID OF CONSTRUCTION 153, , , INTEREST EXPENSE 86, , , , OTHER DEDUCTIONS EXTRAORDINARY ITEMS CHANGE IN NET POSITION $554,37.43 $52, $67,4.16 $378,952.98

4 COMPARATIVE STATEMENT OF NET POSITION - COMBINED AS OF JUNE 3, 214 AND 213 ELECTRIC COMMUNICATIONS 214 CURRENT AND ACCRUED ASSETS REVENUE FUND & DEPOSITORIES $7,658, $ $7,658, WORKING FUNDS & PETTY CASH 19,95 19,95 TEMPORARY CASH INVESTMENTS 4,637, ,637,95.44 ACCOUNTS RECEIVABLE 3,33, , , 123,576.3 MATERIALS AND SUPPLIES 2,38, ,38, STORES EXPENSE-UNDISTRIBUTED 56, , PREPAYMENTS 162, , ACCRUED UTILITY REVENUES 3,428, ,428, TOTAL CURRENT AND ACCRUED ASSETS $21,827,39.39 $9, $21,917, RESTRICTED ASSETS BOND SINKING FUNDS $1, 111, $ $1, 111, COMPENSATED ABSENCES 1,6, 1,6, OTHER SPECIAL FUNDS 6,135, 6,135, DEBT SERVICE RESERVE FUNDS 1,944,5.36 1,944,5.36 BOND CONSTRUCTION FUNDS CUSTOMER DEPOSITS 6, 6, TOTAL RESTRICTED ASSETS $11,391, $ $11,391, NONCURRENTASSETS UTILITY PLANT PLANT IN SERVICE $132,741,117.6 $5, 159, $137,9, CONSTRUCTION WORK IN PROGRESS 23, 196, ,415, ,611, LESS: PROVISION FOR RETIREMENT (61,554,751.6) (2,592,1.39) (64,146,761.45) TOTAL UTILITY PLANT $94,382,57.95 $11,983, $16,365, OTHER ASSETS & DEFERRALS INVESTMENT IN ASSOCIATED COMPANIES $ $ $ ELECTRIC INVESTMENT IN TELECOM 1,511,943. 1,511,943. NOTES RECEIVABLE 3, , UNAMORTIZED DEBT EXPENSE UNAMORTIZED LOSS ON REACQUIRED DEBT 582, , CLEARING ACCOUNTS 3,672, (3,646,538.85) 26,2.77 TOTAL OTHER ASSETS & DEFERRALS $6,68, ($3,646,538.85) $2,421,753.9 TOTAL ASSETS $133,669, $8,427, $142,96, $3,7, ,95 8,111, ,28, ,719, , , ,189,345.8 $18,587,42.46 $1,89, ,4, 6,135, 1,944,5.36 6, $11, 169,74.7 $134,79, ,44, (61,757,37.95) $1,474, $ 1, 75, , , , ,229. $3, 172,74.93 $133,43,543.21

5 COMPARATIVE STATEMENT OF NET POSITION - COMBINED AS OF JUNE 3, 214 AND 213 ELECTRIC COMMUNICATIONS CURRENT AND ACCRUED LIABILITIES WARRANTS OUTSTANDING $426, $ ACCOUNTS PAYABLE 1,977, TAXES ACCRUED 662, , MISCELLANEOUS ACCRUED LIABILITIES 88,66.94 TOTAL CURRENT AND ACCRUED LIABILITIES $3,154, $2, PAYABLES FROM RESTRICTED ASSETS CURRENT PORTION OF LONG TERM DEBT $1,645, $ INTEREST ON LONG TERM DEBT 152, CUSTOMER DEPOSITS 554,191.5 COMPENSATED ABSENCES 1,72, TOTAL PAYABLES FROM RESTRICTED ASSETS $4,54, $ NONCURRENT LIABILITIES REVENUE BONDS $34,795, $ COMMUNICATIONS ADVANCE FROM ELECTRIC 1,511,943. OTHER LONG TERM DEBT 2,986,18.85 UNAMORTIZED PREMIUM ON LONG TERM DEBT 377,549.3 UNAMORTIZED DISCOUNT ON LONG TERM DEBT (43,838.1) $426, ,977, , ,66.94 $3, 157, $1,645, 152, , ,72, $4,54, $34,795, 1,511,943. 2,986, ,549.3 (43,838.1) $547, ,597, , ,16.87 $2,82, $1,6, 156, , ,541,98.72 $3,835,37.44 $36,44, 1,75,79. 1,661, ,841.3 (48,995.58) TOTAL NONCURRENT LIABILITIES $35, 128,711.2 $4,497, $39,626,673.5 $4, 149,33.36 TOTAL LIABILITIES $42,337,935.3 $4,5,39.59 $46,838, $46,787,45.33 NET POSITION INVESTED IN CAPITAL ASSETS, NET OF DEBT $58, 191, $8,997, RESTRICTED FOR CAPITAL CONSTRUCTION RESTRICTED FOR DEBT SERVICE 2,94,81.36 RESTRICTED FOR CONTINGENCIES 6,77,89.58 UNRESTRICTED 12,599, (5,7,396.8) CONTRIBUTIONS IN AID OF CONSTRUCTION 11,558, $67, 189, ,94, ,77, ,529, ,558, $61,448, ,877, ,55, ,675, ,558, TOTAL NET POSITION $91,331, $3,926, $95,258,582.6 $86,616, TOTAL LIABILITIES AND NET POSITION $133,669, $8,427, $142,96, $133,43,543.21

OKANOGAN, WASHINGTON COMPARATIVE DATA - JUNE 3, 214 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 - JUNE 3, 214 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 37,275, 34,789, 3,171, 78, 76,15, 32,537, 32,259, 2, 158, 498, 67,452, 475,51, 295,636, 39,816, 33,2, 843,955, 498,7, 315,984, 38, 179, 8,639, 86,89, (22,56,) (2,348,) 1,637, 24,363, (16,854,) (25,889,) 7,762, (5,68,) (6,559,) {3,366,) POWER SALES - KWH Residential General Service Industrial Irrigation & Frost Control Street Lighting Sales for Resale TOTAL POWER SALES 14,157,776 14,273,583 3,253,21 1,833,36 112,334 28,813, 71,443,263 14,785,629 13,921,718 1,539,67 9,721, ,392 25,354, 65,435,8 296,78,52 214,155,737 32,221,38 63,23,335 1,358, ,549, 86,386, ,82,983 25,266,954 2,46,31 66,626,721 1,364, ,392, 819,193,65 11,995,519 8,888,783 11,761,7 (3,63,386) (5,83) ~41,843,) (12,86,817) (13,77,447) 3,517,633 (44,89) 2,847,14 5,416 {31,798,) {38,55, 148) RETAIL SALES - KWH 42,63,263 4,81,8 66,837, ,81,65 29,36,183 (6,752,148) ACTIVE ELECTRICAL ACCOUNTS Residential General Service Industrial Irrigation & Frost Control Street Lighting Sales for Resale TOTAL 17,67 2, , ,869 16,988 2, , ,747 BROADBAND END USERS Fiber Motorola-Wireless New Sl'.stem TOTAL This Year 317 1, ,953 Last Year 262 1, ,76

MONTHLY BUDGET SUMMARY JUNE 3, 214 PERCENT OF YEAR COMPLETE 5% ELECTRIC BROADBAND CODE DESCRIPTION BUDGET YTDACTUAL PERCENT BUDGET YTDACTUAL PERCENT BUDGET YTDACTUAL PERCENT REVENUE 1 Sales - Retail

7 MONTHLY BUDGET SUMMARY JUNE 3, 214 PERCENT OF YEAR COMPLETE 5% ELECTRIC BROADBAND CODE DESCRIPTION BUDGET YTDACTUAL PERCENT BUDGET YTDACTUAL PERCENT BUDGET YTDACTUAL PERCENT REVENUE 1 Sales - Retail 42,51,7 22,51, % % 42,51,7 22,51, % 2 Sales - Wholesale 2,835,2 3,65, % 2,2, 1,27, % 5,35,2 4,336, % 3 Interest 5, 19, % % 5, 19, % 4 Miscellaneous 1,14, 723, % 14,663 % 1, 14, 738, % 5 Rental Income 18, 18, % % 18, 18, % 6 Construction Contributions 917, 652, % % 917, 652, % 7 Grant Proceeds 472,4 49, % % 472,4 49, % Total Revenue 47,988,3 26,58, % 2,2, 1,285, % 5,188,3 27,865, % EXPENDITURES 1 Wages 7,175,8 3,316, % 288,5 219, % 7,464,3 3,536, % 11 Benefits 2,92,4 1,328, % 125,4 96, % 3,45,8 1,424, % 2 Travel 115,9 41, % 1, 1, % 125,9 43, % 21 Tuition 69,9 15, % 12, % 81,9 15, % 3 Transportation 828,2 368, % 42,6 23, % 87,8 392, % 4 Insurance 319,6 172, % % 319,6 172, % 5 Utilities 95,8 43, % % 95,8 43, % 6 Postage, Printing and Stationery 149,4 57, % % 149,7 58, % 7 Advertising 18,6 6, % % 18,6 6, % 71 Conservation Expenditures 472,4 172, % % 472,4 172, % 8 Misc. Contractual Services 1,895, 745, % 133,4 3, % 2,28,4 749, % 81 Legal Services 3, 74, % 1, 2,5 25.% 31, 77, % 82 Maintenance Contracts 164,7 62, % 147,1 127, % 311,8 189, % 83 Software Licenses and Support 75,5 194, % 38,4 15, % 743,9 29, % 84 Permits and Fees 16,5 1,4 6.8% 71,5 39, % 88, 4, % 85 Rents and Leases 8,9 42, % 138,9 1,4 72.2% 219,8 142, % 9 Materials and Supplies 697,5 236, % 85,5 45, % 783, 281, % 91 Small Tools (under $1,) 24, 1, % 1, % 25, 2, % 92 Miscellaneous 65, 27, % % 65, 27, % 99 Unforeseen Operating Contingency 1, 7, % % 1, 7, % 12 Purchased Power 23,227,3 13,175, % % 23,227,3 13,175, % 21 Taxes 2,57, 1,366, % 11, 6, % 2,581, 1,372, % Total Expenditures 42,12,4 21,457, % 1, 115,6 682, % 43,128, 22,14, % DEBT SERVICE 81 Debt Service - Principal 1,447,2 723,574 5% 354,1 156, % 1,81,3 88, % 811 Debt Service - Interest 1,56, 812, % 396,8 18, % 1,956,8 992, % Total Debt Service 3,7,2 1,535, % 75,9 337, % 3,758,1 1,873, % JAVAILABLE FOR CAPITAL OUTLAY 2,968,7 3,587, % 333,5 265, % 3,32,2 3,852, %1 CAPITAL OUTLAY 581 Capital - Contractual Services 591 Capital - Materials and Supplies 592 Capital - Meter Purchases 593 Capital - Transformer Purchases 71 Capital - Tools and Equipment 711 Capital - Buildings 712 Capital - Equipment (Over $2,) 713 Capital - Vehicles 714 Capital - Personal Computers 91 Unforeseen Capital Contingencies Total Capital Outlay 11, 165, 3,675, 7, 4, 4,5 41, 441,9 1,219, 37,5 1, 17,522,9 297,72 535,666 (7,752) 83,767 99, ,9 18,753 28,62 1,228, % 14.58% -11.7% % % 2.43% 22.48% % 5.1% 28.6% 7.1% 266,9 3, 296,9 44,263 38,969 83,232 % 14.6% % % % % % % % % 28.3% 11, 165, 3,941,9 7, 4, 4,5 41, 471,9 1,219, 37,5 1, 17,819,8 341, ,635 (7,752) 83,767 99, ,9 18,753 28,62 1,311,336 RESERVES/DEBT (14,554,2) 2,358, % 36,6 182, % (14,517,6) 2,54, % 3.6% 14.58% -11.7% % % 2.43% 21.5% % 5.1% 28.6% 7.36%

8 June 3, 214 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, 111, Other Special Funds - 21 Debt Service Reserve Account 21 Bond Construction Fund Account Employee Annual Leave Rate Stabilization Fund $1,944,5.36 1,6, 6, 135, $9,679,5.36 Revenue Fund - Less Warrants Outstanding Temporary Cash Investments Customer Deposit Reserve $6,615, ,637, , $11,853, Total Investments and Funds $22,644,725.53

FINANCIAL and STATISTICAL REPORT for MARCH 2014

FINANCIAL and STATISTICAL REPORT for MARCH 2014 PUBLIC UTILITY DISTRICT NO. 1 OF OKANOGAN COUNTY TELEPHONE: (509)422-3310 POST OFFICE BOX 912 FAX: (509)422-4020 OKANOGAN, WASHINGTON 98840 OPERATING REVENUE