AGENDA ITEM NO: 4.C.1 Monthly Financial Report with data through October 2017 (Unaudited) The data contained in this report has not been independently audited.
Alameda Municipal Power Financial Report With Supporting Documentation For the Month October 2017 AGENDA ITEM NO: 4.C.2 Table of Contents Management Summary... 3 Financial Summary of Selected Totals... 4 Revenue Graphs... 5 Expense Graphs... 6 Gross Earning, Wage & Benefits Graphs... 7 Purchased Power Billing From NCPA... 8 Analysis of Capital Spending... 9 Special Revenue Summary... 10 Financial Reports In Detail... 11 Financial Notes... 12 Monthly & YTD Performance Versus Budget... 13 Monthly & YTD Performance Versus Last Year s Actual... 14 Monthly & YTD Performance Versus Budget - Alameda Point Phone... 15 Monthly & YTD Performance Versus Last Year s Actual Alameda Point Phone... 16 Balance Sheet... 17-18 Statement of Cash Flow... 19 Utility Plant Detail... 20 Electric Non-Power Costs Analysis/Balancing Account Update... 21
MANAGEMENT SUMMARY AGENDA ITEM NO: 4.C.3
Alameda Municipal Power Financial Summary of Selected Totals For FY2018 Year to Date As of October 2017 AGENDA ITEM NO: 4.C.4 YTD Actual FY2018 Budget Over/Under % Change Prior Year YTD Over/Under % Change - Electric Sales (KWH): 109,672,207 109,551,712 120,495 0.1% 109,575,803 96,404 0.1% Residential (D1 & D2) 36,314,417 38,210,000 (1,895,583) -5.0% 37,290,458 (976,041) -2.6% General Service (A1) 15,439,819 15,880,000 (440,181) -2.8% 17,498,271 (2,058,452) -11.8% Demand Metered (A2 &A3) 53,702,978 50,720,000 2,982,978 5.9% 50,155,892 3,547,086 7.1% Municipal & Other ( M1, M2, M3, OL & CT) 4,214,993 4,741,712 (526,719) -11.1% 4,631,182 (416,189) -9.0% Electric Revenue - see 4.C.2.14 & 15 for Income Statement 21,011,667 20,433,077 578,590 2.8% 20,385,338 626,329 3.1% Residential (D1 & D2) 7,185,493 7,751,320 (565,827) -7.3% 6,431,914 753,579 11.7% General Service (A1) 3,193,580 3,064,091 129,489 4.2% 3,188,738 4,842 0.2% Demand Metered (A2 &A3) 8,214,900 7,396,593 818,307 11.1% 7,352,639 862,261 11.7% Municipal & Other ( M1, M2, M3, OL & CT) 821,113 841,672 (20,559) -2.4% 859,691 (38,578) -4.5% Solar Rebate Surcharge 175,754 138,668 37,086 26.7% 170,124 5,630 3.3% Energy Adjustment Revenue 139,304 143,319 (4,015) -2.8% 114,899 24,405 100.0% Other Operating Revenue 120,672 105,366 15,306 14.5% 110,387 10,285 9.3% Revenue from REC, Cap&Trade & LCFS Credit Sale 1,160,851 992,048 168,803 17.0% 2,156,946 (996,095) -46.2% Electric Operating & Non-Operating expenses - see 4.C.2.14 & 15 for Income Statement (16,250,798) (20,861,149) 4,610,351-22.1% (17,762,940) 1,512,142-8.5% Purchased Power (8,145,727) (11,057,142) 2,911,415-26.3% (9,904,354) 1,758,627-17.8% Customer Programs & Services (954,947) (1,466,091) 511,144-34.9% (1,092,575) 137,628-12.6% Operations & Maintenance (1,476,852) (1,801,678) 324,826-18.0% (1,404,048) (72,804) 5.2% Administration (2,706,110) (3,026,581) 320,471-10.6% (2,643,024) (63,086) 2.4% Expenses Funded by Special Revenue (78,305) (437,623) 359,318-82.1% (90,725) 12,420-13.7% Depreciation & Amortization (1,124,655) (1,076,668) (47,987) 4.5% (1,145,915) 21,260-1.9% Other Nonoperating Revenue (Expenses)-Net 296,444 188,511 107,933 57.3% 317,087 (20,643) -6.5% Debt Related Charges (468,788) (468,857) 69 0.0% (487,015) 18,227-3.7% PILOT & City Transfer (1,591,858) (1,715,020) 123,162-7.2% (1,312,371) (279,487) 21.3% Electric Net Income (Loss) - See 4.C.2.14 & 15 4,760,869 (428,072) 5,188,941 1212.2% 2,622,398 2,138,471 81.5% Alameda Point Telephone Net Income - see 4.C.2.16 & 17 for Income Statement 11,466 17,165 (5,699) -33.2% 18,579 (7,113) -38.3% Revenue 25,504 25,497 7 0.0% 28,304 (2,800) -9.9% Operating expenses (14,038) (8,332) (5,706) 68.5% (9,725) (4,313) 44.3%
AGENDA ITEM NO: 4.C.5 Electric Revenue through October 2017 YTD Budgeted Revenue = $20,433,077 YTD Actual Revenue = $21,011,667 $25,000,000 $20,000,000 21,011,667 20,433,077 $15,000,000 $10,000,000 7,751,320 7,185,493 7,396,593 8,214,900 $5,000,000 $0 3,064,091 3,193,580 Revenue Total Residential General Service (A1) Demand Metered (A2 &A3) 841,672 821,113 Municipal 296,426 244,034 Solar Surcharge & Other Oper. Rev 992,048 1,160,851 REC/Cap&Trade Revenue FY2018 Budget FY2018 Actual Electric Sales (KWh) through October 2017 YTD Budgeted KWH Sale = 109,551,712 YTD Actual KWH Sale = 109,672,207 120,000,000 109,551,712 109,672,207 100,000,000 80,000,000 60,000,000 38,210,000 50,720,000 53,702,978 40,000,000 36,314,417 20,000,000 0 15,880,000 15,439,819 KWH total Residential General Service (A1) Demand Metered (A2 &A3) 4,741,712 Municipal 4,214,993 FY2018 Budget FY2018 Actual
AGENDA ITEM NO:4.C.6 Electric Expense through October 2017 YTD Budgeted Expenses = $20,861,149, YTD Actual Expenses = $16,250,798 $12,000,000 $10,000,000 $8,000,000 $11,057,142 $8,145,727 $6,000,000 $4,000,000 $2,000,000 $0 $3,026,581 $2,706,110 Administration $1,466,091 $954,947 Customer Programs & Services $1,801,678 $1,476,852 Operations & Maintenance $437,623 $78,305 Exp. Funded by Special Rev Purchased power $468,857 $468,788 Debt Related Charges 1,715,020 $1,591,858 PILOT & City Transfer FY2018 Budget FY2018 Actual $3,500,000 $3,000,000 $3,256,908 $2,694,134 $2,915,325 Budget Actual Electric Operating Exp. through October 2017 (Excl. Purchased Power & Depreciation) $2,500,000 $2,273,206 (1) Labor $2,694,134 51.66% $2,000,000 $1,500,000 $1,000,000 $500,000 $559,239 $248,061 (3) Material $248,061 4.76% (2) Service $2,273,206 43.59% $- (1) Labor (2) Service (3) Material (1) Labor - Wages (2) Service - Benefits & Other Services Provided by Outside Vendors (3) Material - Purchased Supplies & Energy Efficiency
Alameda Municipal Power FY2018 Total Wages & Benefits Through October 2017 AGENDA ITEM NO: 4.C.7 MEETING DATE:12/11/2017 TOTAL WAGES & BENEFITS $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 FY 2017 actual FY 2018 actual FY 2018 budget $12,000,000 Gross Wages $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 FY2017 actual FY2018 actual FY2018 budget Budgeted Employees: 95 Actual Employees: 83 + 6 Temps
AGENDA ITEM NO: 4.C.8 Alameda Municipal Power Selected Information - Purchased Power Billing From NCPA for the Month October 2017 AMP pays purchase power invoices through Northern California Power Agency (NCPA). Generally, the monthly purchased power cost consists of NCPA's estimated power billing invoice for the current month, and an adjustment for the preceding months. The monthly gross purchased power billing is listed below: FY 2018 FY 2018 FY 2017 FY 2017 Monthly Year-to-Date Monthly Year-to-Date July 1,853,777 1,853,777 2,556,124 2,556,124 August 2,098,745 3,952,522 2,725,287 5,281,411 September 2,227,623 6,180,145 2,208,638 7,490,049 October 1,966,745 8,146,890 2,397,925 9,887,974 November 2,560,536 12,448,510 December 2,813,031 15,261,541 January 3,017,512 18,279,053 February 2,379,526 20,658,579 March 1,864,998 22,523,577 April 2,214,100 24,737,677 May 2,255,773 26,993,450 June 1,857,850 28,851,300 August/Prior Year Net Metering Purchase - Solar 896 2,812 1,470 24,178 August/Prior Year Payment to NCPA for Energy Efficiecy Programs & Other - (17,546) August/Prior Year Miscellaneous - 543 August/Prior Year Payment to NCPA for Energy Efficiecy Programs & Other (315) (4,518) (40) Prior Year NCPA Refund for Prior Year Settlement (656,325) 1,967,326 8,145,727 2,399,355 28,201,607 Monthly Purchased Power Billing Invoice From NCPA $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $- FY2018 Monthly Billing FY 2017 Monthly Biling
AGENDA ITEM NO: 4.C.9 MEETING DATE: 12/11/17 12,000,000.00 November 2012 10,000,000.00 Electric Capital Additions Budget vs. Actual and Forecast YTD through October 2017 8,000,000.00 6,000,000.00 4,000,000.00 2,000,000.00 - JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN Budget Forecast Actual 4 Budget This Month YTD Actual Utility System Capital Projects System Replacements 465,000 6,785 36,508 System Additions 650,000 5,966 13,232 New Loads 1,054,680 62,500 184,880 Underground Conversions 750,000 14,128 18,422 Funded by Cap & Trade 450,000 3,128 220,989 Funded by REC 995,000 0 0 AMI Deployment - REC Funding 4,600,000 843,744 3,233,914 AMI Deployment - Rates Funding 0 173,158 635,151 $8,964,680 $1,109,410 $4,343,095 System Enhancements (Capitalized) Transmission 25,000 16,329 17,027 Distribution 150,000 25,151 65,027 Substation Equipment 100,000 348 669 Streetlight Replacement 0 0 0 Subtotal - System Enhancements Projects $275,000 $41,828 $82,724 Information Systems Capital Projects IT Equip (Monitors, tablets, workstations) 95,000 0 0 IT Security 30,000 0 0 Network & Storage 267,500 0 52,461 IT Additions & Expansion 55,000 0 0 All Others - unplanned 0 0 0 Subtotal - Information Systems Projects $447,500 $0 $64,492 Admin Capital Projects Financial & CIS System Upgrades $25,000 0 0 Subtotal - Admin Services Projects $25,000 $0 $0 Support Services Capital Projects Fire Alarm Replacement 45,000 0 0 Energy Efficiency-REC 65,000 0 0 Service Center Upgrades 105,000 0 0 All Others - unplanned 0 0 0 Subtotal - Support Services Capital Projects $215,000 $0 $0 Total Capital Projects for FY 2018 $9,927,180 $1,151,238 $4,490,311 4/14/16 Per Sophie, budget will not match budget book total still. Budget This Month YTD Actual Collected This Month YTD Actual Total Outside Billing Projects for FY 2018 $1,317,330 $53,880 $135,745
Special Revenue Summary - FY2018 YTD through October 2017 AGENDA ITEM NO: 4.C.10 Cap & Trade Revenue Reserve Funding from Cash Receipts Operating Expenses Capital Projects Total Expenditures Reserve Balance Reserve Beginning Balance 6-30-2017 2,254,349 Jul-17 (1,070) (1,070) 2,253,279 Aug-17 (659) (659) 2,252,620 Sep-17 204,332-2,456,952 Oct-17-2,456,952 Nov-17-2,456,952 Dec-17-2,456,952 Jan-18-2,456,952 Feb-18-2,456,952 Mar-18-2,456,952 Apr-18-2,456,952 May-18-2,456,952 Jun-18-2,456,952 Total To Date 204,332 - (1,729) (1,729) 2,456,952 REC Revenue Reserve Funding from Cash Receipts Operating Expenses Capital Projects Total Expenditures Reserve Balance Reserve Beginning Balance 6-30-2017 21,508,056 Jul-17 171,634 (9,170) (847,639) (856,809) 20,822,882 Aug-17 167,610 (54,111) (652,240) (706,351) 20,284,141 Sep-17 194,370 (8,252) (890,292) (898,544) 19,579,967 Oct-17 204,785 (6,259) (843,744) (850,003) 18,934,749 Nov-17-18,934,749 Dec-17-18,934,749 Jan-18-18,934,749 Feb-18-18,934,749 Mar-18-18,934,749 Apr-18-18,934,749 May-18-18,934,749 Jun-18-18,934,749 Total To Date 738,399 (77,792) (3,233,914) (3,311,706) 18,934,749 Low Carbon Fuel Standard Revenue Reserve Funding from Cash Receipts Operating Expenses Capital Projects Total Expenditures Reserve Balance Oct-17 171,500 171,500 Total To Date 171,500 - - - 171,500 Combined Total 1,114,231 (77,792) (3,235,643) (3,313,435) 21,563,202
FINANCIAL REPORT DETAIL AGENDA ITEM NO: 4.C.11
Alameda Municipal Power Financial Notes For the Month October 2017 AGENDA ITEM NO: 4.C.12 1. Sales of Electricity: October electricity sales were 5.1% over budget for the month, and 11.6% higher than the same month last year. Residential sales matched budget for the month, and 18.3% higher than the same month last year. General Service A1 sales were 17.2% over budget for the month, and 12.9% higher than the same month last year. Demand Metered Services A2 & A3 sales were 6.0% over budget for the month, and 7.3% higher than the same month last year. Municipal and Other Service sales were 7.0% under budget for the month, and 7.3% lower than the same month last year. Overall KWh sales were 1.6% over budget for the month, and 3.3% higher than the same month last year. Residential KWh sales were 1.7% over budget for the month, and 5.6% higher than the same month last year. General Service A1 KWh sales were 12.6% over budget for the month, and 3.3% higher than the same month last year. Demand Metered Services A2 & A3 KWh sales were 0.9% under budget for the month, but 2.9% higher than the same month last year. Municipal and Other Service KWh sales were 7.0% under budget for the month, and 7.3% lower than the same month last year. 2. Purchased Power: October purchased power cost was $735,701 under budget, and $432,030 lower than the same month last year (see 4.C.2.14 & 4.C.2.15 Income Statement) mainly due to credit adjustments of $745,729 for prior months. The NCPA monthly billing includes estimates for the current month and adjustments for preceding months. 3. Operating Expenses: For the month, operating expenses, excluding purchased power and depreciation, were 29.1% under budget and 33.1% lower than the same month last year. For year to date, Labor was 17.3% under budget, Service was 22.0% under budget, and Material was 55.6% under budget. 4. Non-Operating Revenues and Expenses: Net non-operating income included a receipt of a quarterly interest income from investments.
Alameda Municipal Power FY17 - Production Electric Income Stmt - Budget vs Actual For OCTOBER 1,2017 through OCTOBER 31,2017 AGENDA ITEM NO: 4.C.13 Current Current Actual Less YTD Actual YTD Actual Less Month Actual Month Budget Budget Amount Budget Budget Operating Revenues Sale of Electricity 4,979,867.71 4,739,169.00 240,698.71 5.1 19,415,085.60 19,053,676.00 361,409.60 1.9 Electric Other Operating Sales 116,575.51 96,819.63 19,755.88 20.4 435,729.83 387,353.13 48,376.70 12.5 Cap & Trade Net Revenue 204,331.75 187,985.00 16,346.75 8.7 REC Sales Net Revenue 196,254.83 202,186.00 5,931.17-2.9-785,019.32 804,063.00 19,043.68-2.4- Low Carbon Fuel Standard Credit Sale 171,500.00 171,500.00 100.0- Total Operating Revenue 5,292,698.05 5,038,174.63 254,523.42 5.1 21,011,666.50 20,433,077.13 578,589.37 2.8 Operating Expense Balancing AC Adjustment Purchased Power 1,967,326.06 2,703,027.50 735,701.44-27.2 8,145,726.92 11,057,142.00 2,911,415.08-26.3 Energy Efficiency 8,190.87 39,650.80 31,459.93-79.3 54,487.53 158,650.80 104,163.27-65.7 Customer Assist, Solar Rebate & Other 14,992.87 7,830.20 7,162.67 91.5-57,940.20 31,330.20 26,610.00 84.9- Operations & Maintenance 333,935.13 452,308.76 118,373.63-26.2 1,476,852.41 1,801,678.03 324,825.62-18.0 Customer Service 156,574.19 251,586.93 95,012.74-37.8 667,540.02 1,014,736.15 347,196.13-34.2 Administrative and General 635,800.77 756,418.14 120,617.37-15.9 2,706,110.28 3,026,580.62 320,470.34-10.6 Depreciation and Amortization 287,487.66 269,167.00 18,320.66 6.8-1,124,655.10 1,076,668.00 47,987.10 4.5- Customer Relations 36,823.63 65,323.86 28,500.23-43.6 174,979.04 261,373.86 86,394.82-33.1 Expenses Funded by Special Revenue 6,259.45 109,372.90 103,113.45-94.3 78,305.28 437,622.90 359,317.62-82.1 Total Operating Expense 3,447,390.63 4,654,686.09 1,207,295.46-25.9 14,486,596.78 18,865,782.56 4,379,185.78-23.2 Operating Income (Loss) 1,845,307.42 383,488.54 1,461,818.88 381.2 6,525,069.72 1,567,294.57 4,957,775.15 316.3 Nonoperating Income (Expense) Return on Investments 131,315.03 24,990.00 106,325.03 425.5 167,179.96 99,990.00 67,189.96 67.2 Return on restricted investments 1,201.85 1,201.85 100.0-4,641.74 4,641.74 100.0- Debt-related charges 117,196.96-117,179.19-17.77-468,787.84-468,857.43-69.59 Net Nonoperating Income (Exp) 28,704.45 22,123.73 6,580.72 29.7 124,622.33 88,521.48 36,100.85 40.8 Payment in Lieu of Taxes 120,464.58-120,416.40-48.18-481,858.32-481,810.16-48.16- Total Nonoperating Income 76,440.21-190,481.86-114,041.65 59.9-654,202.13-762,156.11-107,953.98 14.2- Income before Transfer to the City 1,768,867.21 193,006.68 1,575,860.53 816.5 5,870,867.59 805,138.46 5,065,729.13 629.2 Transfer to the City 370,000.00-308,210.00-61,790.00-20.0 1,110,000.00-1,233,210.00-123,210.00 10.0- Net Income (Loss) 1,398,867.21 115,203.32-1,514,070.53 1,314.3-4,760,867.59 428,071.54-5,188,939.13 1,212.2- =============== =============== =============== ======== =============== =============== =============== ========
Alameda Municipal Power FY17 - Production Electric Comparative Income Stmt For OCTOBER 1,2017 through OCTOBER 31,2017 AGENDA ITEM NO: 4.C.14 Current Last Year Curr Month - Current Last Year Curr YTD - Month Amount Curr Month Last Yr Curr YTD Amount YTD Amount Last Yr YTD Operating Revenues Sale of Electricity 4,979,867.71 4,462,179.48 517,688.23 11.6 19,415,085.60 17,832,981.42 1,582,104.18 8.9 Electric Other Operating Sales 116,575.51 105,103.02 11,472.49 10.9 435,729.83 395,410.36 40,319.47 10.2 Cap & Trade Net Revenue 204,331.75 82,948.68 121,383.07 146.3 REC Sales Revenue 196,254.83 517,184.25 320,929.42-62.1-785,019.32 2,073,997.25 1,288,977.93-62.1- Low Carbon Fuel Standard Credit Sale 171,500.00 171,500.00 100.0- Total Operating Revenue 5,292,698.05 5,084,466.75 208,231.30 4.1 21,011,666.50 20,385,337.71 626,328.79 3.1 Operating Expense Balancing AC Adjustment Purchased Power 1,967,326.06 2,399,355.72 432,029.66-18.0 8,145,726.92 9,904,353.76 1,758,626.84-17.8 Energy Efficiency 8,190.87 23,504.60 15,313.73-65.2 54,487.53 67,012.70 12,525.17-18.7 Customer Assist, Solar Rebate & Other 14,992.87 11,409.31 3,583.56 31.4-57,940.20 158,073.09 100,132.89-63.3 Operations & Maintenance 333,935.13 486,014.67 152,079.54-31.3 1,476,852.41 1,404,047.70 72,804.71 5.2- Customer Service 156,574.19 254,654.79 98,080.60-38.5 667,540.02 675,237.74 7,697.72-1.1 Administrative and General 635,800.77 900,624.05 264,823.28-29.4 2,706,110.28 2,643,024.20 63,086.08 2.4- Depreciation and Amortization 287,487.66 286,246.69 1,240.97 0.4-1,124,655.10 1,145,914.62 21,259.52-1.9 Customer Relations 36,823.63 68,357.53 31,533.90-46.1 174,979.04 192,251.00 17,271.96-9.0 Expenses Funded by Special Revenue 6,259.45 36,729.66 30,470.21-83.0 78,305.28 90,724.79 12,419.51-13.7 Total Operating Expense 3,447,390.63 4,466,897.02 1,019,506.39-22.8 14,486,596.78 16,280,639.60 1,794,042.82-11.0 Operating Income (Loss) 1,845,307.42 617,569.73 1,227,737.69 198.8 6,525,069.72 4,104,698.11 2,420,371.61 59.0 Nonoperating Income (Expense) Return on Investments 131,315.03 77,094.25 54,220.78 70.3 167,179.96 113,351.91 53,828.05 47.5 Return on restricted investments 1,201.85 40.61 1,161.24 2,859.5 4,641.74 174.56 4,467.18 2,559.1 Debt-related charges 117,196.96-121,753.63-4,556.67 3.7-468,787.84-487,014.52-18,226.68 3.7- Net Nonoperating Income (Exp) 28,704.45 29,491.18 786.73-2.7-124,622.33 203,560.82 78,938.49-38.8- Payment in Lieu of Taxes 120,464.58-118,104.75-2,359.83-2.0 481,858.32-472,371.40-9,486.92-2.0 Misc. Credits & Debits to Surplus Total Nonoperating Income 76,440.21-133,232.34-56,792.13 42.6-654,202.13-642,298.63-11,903.50-1.9 Income before Transfer to the City 1,768,867.21 484,337.39 1,284,529.82 265.2 5,870,867.59 3,462,399.48 2,408,468.11 69.6 Transfer to the City 370,000.00-280,000.00-90,000.00-32.1 1,110,000.00-840,000.00-270,000.00-32.1 Net Income (Loss) 1,398,867.21 204,337.39 1,194,529.82 584.6 4,760,867.59 2,622,399.48 2,138,468.11 81.5 =============== =============== =============== ======== =============== =============== =============== ========
Alameda Municipal Power FY17 - Production Alameda Point Phone Income Stmt - Budget vs Actual For OCTOBER 1,2017 through OCTOBER 31,2017 AGENDA ITEM NO: 4.C.15 Current Current Actual Less YTD Actual YTD Actual Less Month Actual Month Budget Budget Amount Budget Budget Operating Revenues Other Operating Sales 25.86 25.86 100.0-89.17 89.17 100.0- Alameda Point Telephone 6,238.40 6,372.45 134.05-2.1-25,414.67 25,497.45 82.78-0.3- Total Operating Revenue 6,264.26 6,372.45 108.19-1.7-25,503.84 25,497.45 6.39 Operating Expense Operations & Maintenance 2,498.52 2,082.50 416.02 20.0-14,038.42 8,332.50 5,705.92 68.5- Customer Service Administrative and General Depreciation Sales Expense Total Operating Expense 2,498.52 2,082.50 416.02 20.0-14,038.42 8,332.50 5,705.92 68.5- Operating Income (Loss) 3,765.74 4,289.95 524.21-12.2-11,465.42 17,164.95 5,699.53-33.2- Nonoperating Income (Expense) Return on Investments Return on restricted investments Debt-related charges Nonoperating Income Payment in Lieu of Taxes Total Nonoperating Income Income before Transfer to the City 3,765.74 4,289.95 524.21-12.2-11,465.42 17,164.95 5,699.53-33.2- Transfer to the City Net Income (Loss) 3,765.74 4,289.95 524.21-12.2-11,465.42 17,164.95 5,699.53-33.2- =============== =============== =============== ======== =============== =============== =============== ========
Alameda Municipal Power FY17 - Production Alameda Point Phone Comparative Income Stmt For OCTOBER 1,2017 through OCTOBER 31,2017 AGENDA ITEM NO: 4.C.16 Current Last Year Current Less Current Last Year Curr YTD - Month Amount Curr Month Last Yr Curr YTD Amount YTD Amount Last Yr YTD Operating Revenues Other Operating Revenue 25.86 23.62 2.24 9.5 89.17 176.27 87.10-49.4- Alameda Point Telephone 6,238.40 6,984.48 746.08-10.7-25,414.67 28,127.94 2,713.27-9.6- Total Operating Revenue 6,264.26 7,008.10 743.84-10.6-25,503.84 28,304.21 2,800.37-9.9- Operating Expense Operations & Maintenance 2,498.52 2,764.50 265.98-9.6 14,038.42 9,725.32 4,313.10 44.3- Customer Service Administrative and General Depreciation Sales Expense Total Operating Expense 2,498.52 2,764.50 265.98-9.6 14,038.42 9,725.32 4,313.10 44.3- Operating Income (Loss) 3,765.74 4,243.60 477.86-11.3-11,465.42 18,578.89 7,113.47-38.3- Nonoperating Income (Expense) Return on Investments Return on restricted investments Debt-related charges Nonoperating Income Payment in Lieu of Taxes Total Nonoperating Income Income before Transfer to the City 3,765.74 4,243.60 477.86-11.3-11,465.42 18,578.89 7,113.47-38.3- Transfer to the City Net Income (Loss) 3,765.74 4,243.60 477.86-11.3-11,465.42 18,578.89 7,113.47-38.3- =============== =============== =============== ======== =============== =============== =============== ========
Alameda Municipal Power FY17 - Production Balance Sheet - Electric & Alameda Point Phone As of OCTOBER 31, 2017 AGENDA ITEM NO: 4.C.17 Current Last Year Current YTD YTD Amount YTD Amount - Last YTD ASSETS Utility Plant 111,896,324.48 110,133,574.08 1,762,750.40 1.6 Construction Work in Progress 9,872,347.85 2,468,833.09 7,403,514.76 75.0 Accumulated Depreciation 75,659,509.03-72,570,937.14-3,088,571.89-4.1 Utility Plant Net 46,109,163.30 40,031,470.03 6,077,693.27 13.2 Restricted Investments 2010A&B Installment Fund 902,549.23 900,893.38 1,655.85 0.2 2010A&B Reserve Fund 2,664,556.24 2,659,386.30 5,169.94 0.2 Restricted Investments 3,567,105.47 3,560,279.68 6,825.79 0.2 Investments Reserved - Special Purposes Insurance Reserve 1,200,000.00 1,200,000.00 Underground Cons. Reserve 9,272,131.44 8,161,241.41 1,110,890.03 12.0 Solar PV Rebate Reserve 423,344.41 234,934.33 188,410.08 44.5 REC Net Revenue Reserve 18,934,235.65 18,588,021.64 346,214.01 1.8 CAP & Trade Net Rev Reserve 2,456,952.39 1,503,133.77 953,818.62 38.8 Low Carbon Fuel St Rev Reserve 171,500.00 171,500.00 100.0 Investment Reserved - Special Purposes 32,458,163.89 29,687,331.15 2,770,832.74 8.5 Noncurrent Assets: NCPA projects and reserves 10,008,226.00 7,584,072.00 2,424,154.00 24.2 Notes Receivable Deposits 40,000.00 40,000.00 Debt Issue Costs (Net) 664,545.76 726,196.36 61,650.60-9.3- Deferred outflows re to pension 4,980,063.00 3,744,894.00 1,235,169.00 24.8 Interfund Advances Non Current Assets 15,692,834.76 12,095,162.36 3,597,672.40 22.9 Current Assets: Cash and equivalents 35,342,516.82 34,266,055.00 1,076,461.82 3.0 Interest Receivable Accounts Receivable 7,972,273.27 8,724,309.13 752,035.86-9.4- Materials and Supplies 3,548,210.76 3,271,671.87 276,538.89 7.8 Prepaid PILOT/ROI 729,273.32 729,273.32 100.0 Prepaid Power costs and others 24,700.00 24,700.00-100.0 Current Assets 47,592,274.17 46,286,736.00 1,305,538.17 2.7 Total Assets 145,419,541.59 131,660,979.22 13,758,562.37 9.5 ================= ================= ================= ========
Alameda Municipal Power FY17 - Production Balance Sheet - Electric & Alameda Point Phone As of OCTOBER 31, 2017 AGENDA ITEM NO: 4.C.18 Current Last Year Current YTD YTD Amount YTD Amount - Last YTD CAPITALIZATION AND LIABILITIES Capitalization: Earned surplus: Unappropriated 27,839,416.60 23,410,556.45 4,428,860.15 15.9- Appropriated Earnings 32,458,163.89 29,687,331.15 2,770,832.74 8.5- Current Net Earnings and Expense 4,772,333.01 2,640,978.37 2,131,354.64 44.7- Total Earned Surplus 65,069,913.50 55,738,865.97 9,331,047.53 14.3- Equity in NCPA joint venture 10,008,226.00 7,584,072.00 2,424,154.00 24.2- Long Term Liabilities Long Term Debts 45,076,196.00 41,330,814.00 3,745,382.00 8.3- Capital Lease Payables Deferred Inflows re to pension 77,362.00 3,987,689.00 3,910,327.00-5,054.6 Long Term Liabilities 45,153,558.00 45,318,503.00 164,945.00-0.4 Current Liabilities A/P and Accrued Payroll 1,665,688.81 1,550,168.69 115,520.12 6.9- Interest Payable 448,237.40 466,464.54 18,227.14-4.1 Purchase Power Balancing A/C 18,648,533.15 17,222,897.15 1,425,636.00 7.6- Deposits 2,180,785.58 1,534,845.88 645,939.70 29.6- Taxes Payable 333,963.35 292,221.10 41,742.25 12.5- Other Accrued Liabilities 1,910,635.80 1,952,940.89 42,305.09-2.2 Current Liabilities 25,187,844.09 23,019,538.25 2,168,305.84 8.6- Total Capitalization and Liabilities 145,419,541.59 131,660,979.22 13,758,562.37 9.5- ================= ================= ================= ========
Alameda Municipal Power AGENDA ITEM NO: 4.C.19 Electric & Alameda Point Phone Services Statement of Cash Flows For the Month October 2017 Current Month Year to Date Net Cash Flows from Operating Activities Net Income (Loss) - Electric 1,398,867 4,760,868 Net Income (Loss) - Alameda Point Phone 3,766 11,465 and cash flows from operating activities: - Depreciation & Amortization expense 287,488 1,124,655 - Plant Asset Retirement Accum Dep. Adjustment (0) 0 - Debt Cost Amortization 5,138 20,550 - ( Increase ) Decrease in Accounts Receivable 755,057 (24,290) - ( Increase ) Decrease in Interest Receivable 0 104,258 - ( Increase ) Decrease in Material & Supplies Inventory (76,710) 199,875 - ( Increase ) Decrease in Prepaids 91,159 (704,573) - Increase (Decrease) in Accounts Payable (839,066) 678,769 - Increase (Decrease) in Interest Payable 112,060 (251,459) - Increase (Decrease) in Customer Deposits 165,575 950,551 - Increase (Decrease) in Taxes Payable (18,432) 25,325 - Increase (Decrease) in Other Accrued Liabilities (25,140) (29,702) - Increase (Decrease) in Pension-related Liabilities 0 0 Net cash provided (used) by operating activities 1,859,761 6,866,292 Cash Flows From Investing Activities (Increase) Decrease in Utility Plant (1,086,220) (1,086,220) (Increase) Decrease in Construction Work in Progress (84,941) (3,420,024) 2010A&B Bond Fund Debt Service Trustee A/C (218,498) 1,045,601 2010A&B Common Reserve Account Interest Income (1,013) (3,784) (Increase) Decrease in NCPA Various Deposits 0 (188,536) Net cash provided (used) by investing activities (1,390,673) (3,652,962) Cash Flows From Financing Activites 2010B Bond Principal Payment 0 (1,220,000) Net cash provided (used) by financing activities 0 (1,220,000) Net Increase (Decrease) in Cash 469,088 1,993,330 Appropriation for Reserves (Increase) Decrease in Underground Fund Reserve (96,667) (386,667) (Increase) Decrease in Solar PV Rebate Reserve (34,667) (138,667) (Increase) Decrease in REC Net Revnue Reserve 645,732 2,573,820 (Increase) Decrease in Cap&Trade Net Revenue Reserve 0 (202,603) (Increase) Decrease in Low Carbon Fuel St Rev Reserve (171,500) (171,500) - Subtotal (Increase) Decrease in in Reserves 342,898 1,674,384 Total Increase (Decrease) in Cash 811,987 3,667,714 Cash - June 30, 2017 31,674,802 Cash - September 30, 2017 34,530,529 Cash - October 31, 2017 35,342,516 35,342,516 Additional Information Reserves for Special Purposes at 06/30/2017 34,132,548 Reserves for Special Purposes at 09/30/2017 32,801,062 Net Increase (Decrease) for the period (342,898) (1,674,384) Reserves for Special Purposes at 10/31/2017 32,458,164 32,458,164
Alameda Municipal Power Utility Plant Detail--Electric For the Month October 2017 AGENDA ITEM NO: 4.C.20 MEETING DATE: 12/11/17 General Utility General Accumulated Net Utility Ledger Plant Ledger Depreciation Plant Transmission Land & Land Rights 350.101 2501 $69,332.79 2822 $0.00 $69,332.79 Structures & Improvements - West Crossing 351.101 2522 74,662.06 2822 61,781.16 12,880.90 Structures & Improvements - East Crossing 352.101 2522 68,948.27 2822 59,704.81 9,243.46 Transformer Towers & Fixtures 354.101 2522 461,706.86 2822 461,677.59 29.27 Transformer Poles & Fixtures 355.101 2522 816,565.71 2822 720,462.98 96,102.73 Overhead Conductors & Devices 356.101 2522 846,458.59 2822 585,585.03 260,873.56 Underground Conduits 357.101 2522 366,075.48 2822 341,622.61 24,452.87 Underground Conductors & Devices 358.101 2522 1,359,176.41 2822 1,284,783.00 74,393.41 Total Transmission $4,062,926.17 $3,515,617.18 $547,308.99 Distribution Land & Land Rights - Grand St. Station 360.101 2501 36,867.29 0.00 36,867.29 Structures & Improvements -Grand St. Sta. 361.101 2511 2,498,155.22 2811 1,454,913.85 1,043,241.37 Station Equipment - Grand St. Station 362.101 2521 3,557,185.23 2821 1,539,327.36 2,017,857.87 Structures & Equipment - Jenny Station 362.501 2521 3,792,042.01 2821 2,092,061.00 1,699,981.01 Storage Battery - Jenny Station 363.501 2521 51,194.42 2821 51,194.42 0.00 Poles Towers & Fixtures 364.101 2521 9,719,092.95 2821 7,046,103.08 2,672,989.87 Overhead Conductors & Devices 365.101 2521 9,810,070.89 2821 6,500,889.01 3,309,181.88 Underground Conduits 366.101 2521 13,241,691.57 2821 8,319,444.41 4,922,247.16 Underground Conductors & Devices 367.101 2521 22,035,317.10 2821 15,477,345.83 6,557,971.27 Line Transformers 368.101 2521 6,736,227.41 2821 4,547,700.73 2,188,526.68 Services 369.101 2521 4,137,156.18 2821 3,170,645.76 966,510.42 Meters 370.101 2521 3,305,557.84 2821 2,541,276.93 764,280.91 Street Lighting 373.101 2523 5,361,683.18 2823 1,061,287.04 4,300,396.14 Easement - Jenny Station (50 Years) 2601 185,500.00 2901 119,000.00 66,500.00 Total Distribution $84,467,741.29 $53,921,189.42 $30,546,551.87 General Plant Land & Land Rights - Grand St. Station 389.101 2501 $47,443.89 2811 $0.00 $47,443.89 Structures & Improvements 390.101 2511 5,573,511.82 2811 2,658,307.38 2,915,204.44 Office Mechanical Equipment 391.101 2551 1,203,357.17 2851 1,084,748.63 118,608.54 Office Furniture & Other Equipment 391.201 2571 835,789.24 2871 552,367.91 283,421.33 Computer Equipment & Software 391.301 2561 3,159,626.79 2861 3,049,907.01 109,719.78 Office Equipment-System Software-Cayenta 391.306 2591 998,489.05 2891 623,070.09 375,418.96 Dispatch Center Equipment 391.401 2551 254,089.52 2851 197,384.76 56,704.76 Transportation Equipment 392.101 2581 42,378.98 2881 42,378.98 0.00 Transportation Vehicles 392.105 2581 60,867.03 2881 53,318.01 7,549.02 Construction Vehicles 392.106 2581 2,872,832.39 2881 2,299,639.00 573,193.39 Electric Transportaion Vehicles 392.107 2581 220,628.23 2881 88,881.10 131,747.13 Electric Construction Vehicles 392.108 2581 43,711.76 2881 43,711.76 0.00 Stores Equipment 393.101 2551 128,116.93 2851 59,004.10 69,112.83 Shop & Garage Equipment 394.101 2551 25,712.82 2851 21,332.42 4,380.40 Tools & Work Equipment 394.201 2551 804,211.53 2851 738,031.01 66,180.52 Communication Equipment 397.101 2551 6,621,110.27 2851 6,438,658.23 182,452.04 Miscellaneous Equipment 398.101 2551 473,779.60 2851 271,962.04 201,817.56 Total General Plant $23,365,657.02 $18,222,702.43 $5,142,954.59 Subtotal $111,896,324.48 $75,659,509.03 $36,236,815.45 Construction Work In Progress (CWIP) 2701 2704 $9,872,347.85 $9,872,347.85 Grand Total $121,768,672.33 $75,659,509.03 $46,109,163.30
AGENDA ITEM NO: 4.C.21 Alameda Municipal Power Calculation of Non-Power Costs for Balancing Account FY 2018 YTD through October 2017 FY 2018 FY 2018 FY 2018 Annual Budget Actual Budget Year-to-Date Year-to-Date Revenue Sale of Electricity - see Income Statement (4.C.14) 57,985,000 19,053,676 19,415,086 Less Unbilled Revenue Adjustment - Not Booked yet - Other Revenue SBI Solar Surcharge 208,000 138,668 175,754 Other Electric Operating Sales 746,130 248,685 259,977 Cap&Trade Sales Income & LCFS Credit Sale 832,233 187,985 375,832 REC Sales Income 2,355,058 804,063 785,020 Interest Income 300,000 99,990 171,821 Less Restriced Int. Income for Trustee A/C (4,642) Non-Operating Income/Deduction Net 265,591 88,530 124,622 Reserves Reduction - Release Reserves funds for designated usages 8,453,000 2,817,667 3,313,949 Total Other Revenue 13,160,012 4,385,588 5,202,333 Retainments - UUD Reserve Funding (1,160,000) (386,667) (386,667) Retainments: Solar Surcharge (208,000) (138,667) (138,668) Retainments: Cap&Trade and REC Sales Net Revenue (3,187,291) (992,048) (1,160,852) Total Retainments (4,555,291) (1,517,381) (1,686,187) Adjusted Net Revenue 66,589,721 21,921,883 22,931,232 Purchased Power (31,202,000) (11,057,142) (8,145,727) Expense Items Included In Non-Power Costs Total Operating Expenses - see Income Statement (4.C.2.14) (23,427,928) (18,865,783) (14,486,597) Remove Purchased Power included in Total Operating Expenses 11,057,142 8,145,727 Non-Power Operating Expenses (23,427,928) (7,808,641) (6,340,870) Remove Depreciation 3,230,000 1,076,667 1,124,654 Non-Power Operating Expenses Excluding Depreciation (20,197,928) (6,731,974) (5,216,216) Debt Related Charges (1,406,713) (468,904) (468,788) Less Debt Cost Amortization 62,000 20,667 20,552 PILOT/ROI (1,445,575) (481,858) (481,859) Non-Operating Revenue & Expenses (2,790,288) (930,096) (930,095) Capital Projects (see 4.C.2.9) (9,927,180) (3,309,060) (4,490,311) Total Non-Power Costs (32,915,396) (10,971,130) (10,636,622) Recap of Income and Expenses Sale of Electricity 57,985,000 19,053,676 19,415,086 Other Revenue Sources 13,160,012 4,385,588 5,202,333 Retainments (4,555,291) (1,517,381) (1,686,187) Purchased Power Costs (31,202,000) (11,057,142) (8,145,727) Total Non-Power Costs Excluding City Transfer (32,915,396) (10,971,130) (10,636,622) Transfer to City of Alameda General Fund (3,700,000) (1,233,333) (1,110,000) Over (Under) Collection (1,227,675) (1,339,723) 3,038,883