FINANCIAL and STATISTICAL REPORT for MARCH 213 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 OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS - COMBINED FOR THE TWELVE MONTH PERIODS ENDING MARCH 31, 213 AND 212 OPERATING REVENUE RESIDENTIAL GENERAL SERVICE INDUSTRIAL IRRIGATION AND FROST CONTROL STREET LIGHTING SALES FOR RESALE TOTAL SALES OTHER OPERATING REVENUE CARRYING CHARGES MISCELLANEOUS SERVICE REVENUE RENTS OTHER OPERATING REVENUE TOTAL OTHER REVENUE 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 ELECTRIC SYSTEM COMMUNICATIONS SYSTEM $19,267,39.81 $ 12,57,234.58 2,121,188.49 1, 163, 13.48 3,29,496.48 135,477.42 3,83,311. 7 $39,96,14.47 $2, 121, 188.49 $16,733.63 $3,814.57 15,453.5 15,21 112,486.44 448,488.72 $827, 162.29 $19,24.57 $846, 186.86 $966,43.7 $4,733, 176.76 $2,14,213.6 $87,341.96 $ 22,249,29. 837,292.69 41,27.6 5,51,848.15 1,27,279.9 1,359,243. 76 35 669,595.13 6.64 4,121,29.86 74,332.98 2,24,252.17 11,4.6 3,858,46. 74 759,327.3 $4,973,967.52 $1,872,336.88 213 $19,267,39.81 14,628,423.7 1, 163, 13.48 3,29,496.48 135,477.42 3,83,311.7 212 $17,929,935.1 13,92,16.45 1,67,59.18 2,371,35.8 124,856.32 5,587,829.35 $42,27,22.96 $41,1,496.39 $164,548.2 $172,242.45 12,663.5 123,758.5 112,486.44 117,98.4 448,488.72 552,944.8.$42,873,389.82 $87,341.96 22,249,29. 837,292.69 41,27.6 5,51,848.15 1,27,279.9 1,359,593.76 669,61.77 4, 195,623.84 2,251,292.23 4,617,374.4 $42,846,34.4 $41,967,539.46 $17,615.31 23,916,868. 642,414.22 3,477.87 4,742,282.16 555,136.89 1,357' 783.49 584,115.89 3,943,976.61 2,141,714.75 4' 366' 85.43 $42,388,47.62 OPERATING RATIO 1.59% 87.48% 99.94% 11.% NET OPERATING REVENUES OTHER INCOME CONTRIBUTIONS IN AID OF CONSTRUCTION INTEREST EXPENSE OTHER DEDUCTIONS EXTRAORDINARY ITEMS INCREASE IN NET ASSETS TOTAL NET ASSETS, APRIL 1 TOTAL NET ASSETS, MARCH 31 ($24, 79. 76) $267' 876.18 $1,326,364.18 $1,914,56 98,886.68 1,25, 197.87 257,226.17 $27,85.42 $3,24,924.18 98,886.68 1,462,424.4 ($42,931.16) $1,148,11.6 1,14,446.2 1,66,482.68 324,22.89 $789,262.23 $1,925,21.1 $2,714,472.24 ($98,889.65) $83,45, 179.4 ($29,397.15) $83, 114,782.25 $83,213,671.9 $84, 194,441.63 $1,634,812.86 $85,829,254.49 $83, 114,782.25
MONTHLY COMPARATIVE STATEMENT OF INCOME - COMBINED FOR THE MONTHS ENDING MARCH 31, 213 AND 212 OPERATING REVENUE RESIDENTIAL GENERAL SERVICE INDUSTRIAL IRRIGATION AND FROST CONTROL STREET LIGHTING SALES FOR RESALE ELECTRIC SYSTEM $1,935,375.46 1,116,686.74 97,752.87 3.35 1,755.85 386, 125.75 COMMUNICATIONS SYSTEM $ 181,299.67 213 $1,935,375.46 1,297,986.41 97,752.87 3.35 1,755.85 386,125.75 212 $1,941,54.87 1,279,26.2 9,834.81 14.89 1,75.33 447,944.25 TOTAL SALES $3,546,7.2 $181,299.67 $3,727,999.69 $3,77, 111.35 OTHER OPERATING REVENUE CARRYING CHARGES MISCELLANEOUS SERVICE REVENUE RENTS OTHER OPERATING REVENUE $7,27 7,136. 26,39.94 $243.41 45 $7,513.41 7,586. 26,39.94 $12,531.1 7,869. 24,64.41 TOTAL OTHER REVENUE $4,796.94 $693.41 $41,49.35 $45,4.42 TOTAL OPERATING REVENUE $3,587,496.96 $181,993.8 $3,769,49.4 $3,815,115.77 OPERATING EXPENSES PRODUCTION PURCHASED POWER OTHER POWER SUPPLY TRANSMISSION DISTRIBUTION TELECOMMUNICATIONS CUSTOMER ACCOUNTING CUSTOMER SERVICE AND INFORMATION ADMINISTRATIVE AND GENERAL TAXES DEPRECIATION/AMORTIZATION $8,62.47 2,177,675. 39,77.19 3, 124.83 4,67.53 12,536.35 35,64.27 38,269.37 195,759.23 316,99.85 $ 78,392.54 7,251.14 928.6 64,648.85 $8,62.47 2, 177,675. 39,77.19 3,124.83 4,67.53 78,392.54 12,536.35 35,64.27 315,52.51 196,687.29 381,558.7 $9,791.2 2, 178,725. 46,482.71 38,26.9 46,67.52 19,731.84 63,276.89 357,537.59 196, 13.66 372,263.21 TOTAL OPERATING EXPENSES $3,588,913.9 $151,22.59 $3,74,133.68 $3, 76,546.34 OPERATING RATIO 1.4% 83.9% 99.22% 98.57% NET OPERATING REVENUES ($1,416.13) $3,772.49 $29,356.36 $54,569.43 OTHER INCOME $33,257.31 $444,799. $478,56.31 $136, 778.68 CONTRIBUTIONS IN AID OF CONSTRUCTION 44,92.31 44,92.31 4,697.6 INTEREST EXPENSE 15,591.67 23,183.5 128,774.72 184,365.87 OTHER DEDUCTIONS EXTRAORDINARY ITEMS a.ob NET INCOME ($28,83.18) $452,388.44 $423,558.26 $47,679.84
COMPARATIVE BALANCE SHEET- COMBINED AS OF MARCH 31, 213 AND 212 ELECTRIC COMMUNICATIONS SYSTEM SYSTEM 213 212 CURRENT AND ACCRUED ASSETS REVENUE FUND & DEPOSITORIES $4,92,258.25 $ $4,92,258.25 $4,359,81.7 WORKING FUNDS & PETTY CASH 14,95 14,95 14,65 TEMPORARY CASH INVESTMENTS 8,979,922.66 8,979,922.66 5,135,88.56 ACCOUNTS RECEIVABLE 2,668, 111.87 16,985.23 2,775,97.1 2,258,12.68 MATERIALS AND SUPPLIES 2,686,92.13 2,686,92.13 2,775,43.51 STORES EXPENSE-UNDISTRIBUTED 48,98.74 48,98.74 277,79.3 PREPAYMENTS 12,919.23 12,919.23 12,621.36 ACCRUED UTILITY REVENUES 2,189,345.8 2, 189,345.8 1,995,52.9 TOTAL CURRENT AND ACCRUED ASSETS $21, 142,57.96 $16,985.23 $21,249,493.19 $16,919,59.11 RESTRICTED ASSETS - CURRENT BOND SINKING FUNDS $1, 158,32.84 $ $1, 158,32.84 $1, 158,12.88 COMPENSATED ABSENCES 1,4, 1,4, 1,4, OTHER SPECIAL FUNDS 6,135, 6, 135, 6,135, DEBT SERVICE RESERVE FUNDS 1,944,5.36 1,944,5.36 1,944,5.36 BOND CONSTRUCTION FUNDS 7,318,446.68 CUSTOMER DEPOSITS 6, 6, 6, TOTAL RESTRICTED ASSETS $11,237,83.2 $ $11,237,83.2 $18,555,959.92 NONCURRENT ASSETS UTILITY PLANT PLANT IN SERVICE $128,682,964.8 $5,584,39.11 $134,267,273.91 $13,625, 758.31 CONSTRUCTION WORK IN PROGRESS 19,225,81.2 5,354,834.79 24,58,635.81 18,464,97.7 LESS: PROVISION FOR RETIREMENT (57, 729,98.59) (2,952,943.14) (6,682,41.73) (56,777,843.2) TOTAL UTILITY PLANT $9, 179,667.23 $7,986,2. 76 $98, 165,867.99 $92,312,822.36 OTHER ASSETS & DEFERRED DEBITS INVESTMENT IN ASSOCIATED COMPANIES $ $ $ $ ELECTRIC INVESTMENT IN TELECOM 1,752,185. 1,752,185. 1,933,879. NOTES RECEIVABLE 497,997.64 497,997.64 617,745.62 UNAMORTIZED DEBT EXPENSE 365,491.84 365,491.84 384,317.8 UNAMORTIZED LOSS ON REACQUIRED DEBT 676,523.81 676,523.81 751,469.33 CLEARING ACCOUNTS 3,58,856.89 (3,28,459.81) 3,397.8 56,687.75 TOTAL OTHER ASSETS & DEFERRED DEBITS $6,351,55.18 ($3,28,459.81) $3,322,595.37 $3, 7 44,98. 78 TOT AL ASSETS $128,911,33.57 $5,64,726.18 $133,975,759.75 $131,532,39.17
COMPARATIVE BALANCE SHEET- COMBINED AS OF MARCH 31, 213 AND 212 ELECTRIC COMMUNICATIONS SYSTEM SYSTEM 213 212 CURRENT AND ACCRUED LIABILITIES WARRANTS OUTSTANDING $34,22.6 $ $34,22.6 $46,247.49 ACCOUNTS PAYABLE 2,397,24.18 2,397,24.18 2,334,824.8 TAXES ACCRUED 1,199,163.3 948.18 1,2,111.21 1, 148,46.49 MISCELLANEOUS 67,34.19 67,34.19 68,454.28 TOTAL CURRENT AND ACCRUED LIABILITIES $3,697,99.46 $948.18. $3,698,857.64 $3,597,932.34 PAYABLES FROM RESTRICTED ASSETS CURRENT PORTION OF LONG TERM DEBT $1,6, $ $1,6, $1,555, INTEREST ON LONG TERM DEBT 624,97.84 624,97.84 639,68.88 CUSTOMER DEPOSITS 542, 18.44 542,18.44 576,37.7 COMPENSATED ABSENCES 1,466,473.85 1,466,473.85 1,291,854.13 TOTAL PAYABLES FROM RESTRICTED ASSETS $4,233,553.13 $ $4,233,553.13 $4,62,572. 71 NONCURRENT LIABILITIES REVENUE BONDS $36,44, $ $36,44, $38,4, COMMUNICATIONS ADVANCE FROM ELECTRIC 1,752,185. 1,752,185. 1,933,879. OTHER LONG TERM DEBT 1,676,78.14 1,676,78.14 428,96 UNAMORTIZED PREMIUM ON LONG TERM DEBT 395,414.3 395,414.3 49,76.3 UNAMORTIZED DISCOUNT ON LONG TERM DEBT (5,284.95) (5,284.95) (55,442.43) TOTAL NONCURRENT LIABILITIES $36,785, 129.35 $3,428,965.14 $4,214,94.49 $4,757, 12.87 TOTAL LIABILITIES $44,716,591.94 $3,429,913.32 $48, 146,55.26 $48,417,67.92 NET ASSETS INVESTED IN CAPITAL ASSETS, NET OF DEBT $52,836,553.53 $6,39,42.62 $59, 145,974.15 $53, 7,384.9 RESTRICTED FOR CAPITAL CONSTRUCTION 7,318,446.68 RESTRICTED FOR DEBT SERVICE 2,477,832.36 2,477,832.36 2,462,832.36 RESTRICTED FOR CONTINGENCIES 6,126,417.71 6,126,41 7. 71 6,267, 18. 17 UNRESTRICTED NET ASSETS 11,195,238.19 (4,674,67.76) 6,52,63.43 2,437,61.3 CONTRIBUTIONS IN AID OF CONSTRUCTION 11,558,399.84 11,558,399.84 11,558,399.84 TOTAL NET ASSETS $84, 194,441.63 $1,634,812.86 $85,829,254.49 $83, 114,782.25 TOTAL LIABILITIES AND NET ASSETS $128,911,33.57 $5,64,726.18 $133,975,759.75 $131,532,39.17
OKANOGAN, WASHINGTON COMPARATIVE DATA-MARCH 31, 213 POWER PURCHASED-KWH Current Month 12-Month Period Endin This Month Variance Average Cost Per KWH This Year Last Year This Year Last Year This Year Last Year This Year- Last Year Bonneville Power Admin. 41,595, 5,486, 56,46, 551,1, (44,694,) (33,23,) 3.5 3.5 Wells Dam Power 16,917, 26,657, 319,422, 296,933, 22,489, 3,852, 1.11 1.22 Nine Canyon 4,123, 5,897, 4, 11, 45,48, (4,947,) 1,723, 7.51 6.79 Other 3, 42, 9,82, 15,541, {5,739,} 4,746, 2.32 2.7 TOTAL POWER PURCHASED 62,665, 83,46, 875,731, 98,622, {32,891,} 4,118, 2.54 ~ 2.63 ~ POWER SALES - KWH Residential 29,167,986 32,127,432 285,816,981 37,643,971 (21,826,99) (4,98,99) 6.74 5.83 General Service 18,257,734 18,652,33 24,367,53 23, 186,872 1,18,631 2,296,44 6.12 5.9 Industrial 1,74,47 1,745,37 2,771,5 2,82,63 (49,58) (368,946) 5.6 5.13 Irrigation & Frost Control 55 51 65,131,424 6,84,714 4,29,71 591,93 3.9 Street Lighting 112,392 112,369 1,36;751 1,366,57 (5,36) 18, 18 9.14 Sales for Resale 14,26,6 32,1, 26,991, 292,699, {31,78,} 5,23, 1.91 TOT AL POWER SALES 63,484,637 84,639,2 838,438,79 886,557,244 {48, 118,535} 2,758,669 ~ 4.41 ~ RETAIL SALES - KWH 49,278,637 52,638,2?l.7,447,79 593,858,244 (16.41 o.~ J_ (2,444,331) 5.64 ACTIVE ACCOUNTS Residential 16,977 16,894 General Service 2,386 2,38 Industrial 3 4 Irrigation & Frost Control 1,337 1,334 Street Lighting 21 21 Sales for Resale 7 4 TOTAL 2,731 2,637
CODE DESCRIPTION REVENUE 1 Sales - Retail 2 Sales - Wholesale 3 Interest 4 Miscellaneous 5 Rental Income 6 Construction Contributions 7 Grant Proceeds Total Revenue NON-CAPITAL EXPENDITURES 1 Wages 11 Benefits 2 Travel 21 Tuition 3 Transportation 4 Insurance. 5 Utilities 6 Postage, Printing and Stationery 7 Advertising 71 Conservation Expenditures 8 Misc. Contractual Services 81 Legal Services 82 Maintenance Contracts 83 Software Licenses and Support 84 Permits and Fees 85 Rents and Leases 9 Materials and Supplies 91 Small Tools (under $1,) 92 Miscellaneous 99 Unforeseen Operating Contingency 12 Purchased Power 21 Taxes Total Non-Capital Expenditures BUDGET 38,889,9 2,36,3 68, 1,52, 118, 1, 14, 48, 44,72,2 7,377,5 2,831,7 141,5 9,7 8, 312,4 88,9 15,8 23, 48, 1,974,4 319,5 239,1 624,4 13,5 86,9 644,4 47,3 72,5 1, 23,376,8 2,36,2 42, 155,5 PUBLIC UTILITY DISTRICT NO. 1 OF OKANOGAN COUNTY MONTHLY BUDGET SUMMARY MARCH 31, 213 ELECTRIC YTD ACTUAL 11,545,814 1,47,126 15, 112,885 18,66 241,912 12,98,83 1,661,195 654,73 19,49 1,49 189,132 73,839. 16,875 17,322 7,52 53,27 288,72 49,683 14,629 83,538 1,96 15,619 125,289 759 7,894 6,73,24 711,193 1,731,668 PERCENT 29.69% 44.36% 22.6% 1.73% 15.31% 21.91% % 29.45% 22.52% 23.1 % 13.77% 11.48% 23.64% 23.64% 18.98% 11.49% 32.7% 11.8% 14.62% 15.55% 6.12% 13.38% 8.12% 17.97% 19.44% 1.6% 1.89% % 28.79% 3.13% 25.46% CAPITAL EXPENDITURES 581 Capital - Contractual Services 6,442,5 424,667 6.59% 591 Capital - Materials and Supplies 2,28, 234,482 1.62% 592 Capital - Meter Purchases 9, % 593 Capital - Transformer Purchases 225, 752.33% 71 Capital - Tools and Equipment 9,5 % 711 Capital - Buildings 685, % 712 Capita l - Equipment (Over $2,) 1,171,1 52,482 4.48% 713 Capital - Vehicles 634, (7,35) -11.5% 714 Capital - Personal Computers 54,2 783 1.44% 91 Unforeseen Capital Contingencies 1, % Total Capital Expenditures 11,619,3 643,131 5.54% DEBT SERVICE 81 Debt Service - Principal 1,411,6 352,892 25.% 811 Debt Service - Interest 1,624,2 419,855 25.85% Total Debt Service 3,35,8 772,747 25.45% Total Expenditures and Debt Service 56,81,6 12,147,546 21.38% BUDGET BROADBAND YTDACTUAL 2,2, 546,7 3,388, 444,799 5,588, 991,499 266,5 111,38 16,3 46,792 12,5 484 2, 43,1 1,514 3 152 89,4 3,1 1, 2,129 98,9 66 54,5 7,678 77, 15,919 185,4 48,547 11, 14,85 1, 1,2 2,814 1,85, 1 264,353 PERCENT % 24.85% % % % % 13.13% 1 17.74% 41.77% 44.2% 3.87% % 24.39% % % 5.67% % % 3.47% 21.29%.7% 14.9% 2.67% 26.19% 13.5% % % % % 27.59% t 24.36% ( 3, 46,82 156.1% 5,686,4 27,533.48% % % % % 88, % % % % 5,84,4 74,335 1.28% 35,4 59,99 19.64% 347,7 79,313 22.81% 653,1 139,33 21.33% 7,542,6 477,991 6.34% PERCENT OF YEAR COMPLETE 25.% BUDGET YTDACTUAL PERCENT 38,889,9 11,545,814 29.69% 4,56,3 1,593,826 34.95% 68, 15, 22.6% 1,52, 112,885 1.73% 118, 18,66 15.31% 1, 14, 241,912 21.91% 3,868, 444,799 11.5% 49,66,2 13,972,32 28.14% 7,644, 1,772,53 23.19% 2,938, 7,865 23.86% 154, 19,974 12.97% 11,7 1,49 9.4% 843,1 199,646 23.68% 312,4 73,839 23.64% 88,9 16,875 18.98% 151,1 17,474 11.56% 23, 7,52 32.7% 48, 53,27 11.8% 2,63,8 291,82 14.14% 329,5 51,812 15.72% 338, 14,695 4.35% 678,9 91,216 13.44% 9,5 17,15 18.8% 272,3 64, 166 23.56% 754,4 14,139 18.58% 48,3 759 1.57% 72,5 7,894 1.89% 1, % 23,376,8 6,73,24 28.79% 2,37,4 714,7 3.12% 43,24,6 1,996,21 25.43% 6,472,5 471,469 7.28% 7,894,4 262,15 3.32% 9, % 225, 752.33% 9,5 % 685, % 1,259, 1 52,482 4.17% 634, (7,35) -11.5% 54,2 783 1.44% 1, % 17,423,7 717,466 4.12% 1,717, 412,882 24.5% 1,971,9 499,168 25.31% 3,688,9 912,5 24.72% 64,353,2 12,625,537 19.62% TRANSFER TO/{FROM} RESERVES (12, 738,4) 833,257-6.54% (1,954,6) 513,58-26.27% (14,693,) 1,346,765-9.17%
March 31, 213 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, 158,32.84 Other Special Funds - 21 Debt Service Reserve Account 21 Bond Construction Fund Account Employee Annual Leave Rate Stabilization Fund $1,944,5.36 1,4, 6, 135, $9,479,5.36 Revenue Fund - Less Warrants Outstanding Temporary Cash Investments Customer Deposit Reserve $3,447,551.46 8,979,922.66 6, $13,27,474.12 Total Investments and Funds $23,665,277.32