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 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 $22,555,673.28 14,755, 119.62 1,839,91.98 3,4,822.55 142,383.2 4,867,61.8 COMMUNICATIONS $ 2,39,577.79 214 $22,555,673.28 17,145,697.41 1,839,91.98 3,4,822.55 142,383.2 4,867,61.8 213 $19,463,281.97 14,795,81.69 1,152,82.53 3,151,26.15 135,71.13 5,315,55.51 TOTAL SALES $47,56,961.71 $2,39,577. 79 $49,951,539.5 $44,13,857.98 OTHER OPERATING REVENUE CARRYING CHARGES MISCELLANEOUS SERVICE REVENUE RENTS OTHER OPERATING REVENUE $159,692.7 18,915.5 17,874.84 1,15,664.63 $1,77.21 38,925. $16,769.91 147,84.5 17,874.84 1,15,664.63 $167,141.64 12,613.5 112,486.44 632,98.33 TOTAL OTHER REVENUE $1,392, 147.67 $4,2.21 $1,432, 149.88 $1,32,339.91 TOTAL OPERATING REVENUE $48,953, 19.38 $2,43,58 $51,383,689.38 $45,46, 197.89 OPERATING EXPENSES PRODUCTION PURCHASED POWER OTHER POWER SUPPLY TRANSMISSION DISTRIBUTION TELECOMMUNICATIONS CUSTOMER ACCOUNTING CUSTOMER SERVICE AND INFORMATION ADMINISTRATIVE AND GENERAL TAXES DEPRECIATION/AMORTIZATION $76,163.58 24, 153,462.2 688,829.73 26,374.87 5, 179,36.89 1,494,546.45 618,146.71 4,86,665.24 2,578,6.11 3,994,82.13 $ 1,23,975.45 6,229.75 (14,21.41) 64,882.66 12,579. 645,397.31 $76,163.58 24, 153,462.2 688,829.73 26,374.87 5, 179,36.89 1,23,975.45 1,5,776.2 63,936.3 4,151,547.9 2,59,639.11 4,64, 199.44 $79, 165.68 22,288,385.5 821,769.17 56,227.2 5,391,569.31 998,643.13 1,38,852.27 542,224.4 4,448, 17. 97 2,282,553.15 4,622,931.4 TOTAL OPERATING EXPENSES $42,896,357.91 $1,945,853.76 $44,842,211.67 $42,912,491.64 OPERATING RATIO 87.63% 8.6% 87.27% 95.26% NET OPERATING REVENUES $6,56,751.47 $484, 726.24 $6,541,477.71 $2, 133, 76.25 OTHER INCOME CONTRIBUTIONS IN AID OF CONSTRUCTION INTEREST EXPENSE OTHER DEDUCTIONS EXTRAORDINARY ITEMS $618,52.19 1,28,53.32 1,459,226.96 85, $2, 1,233.48 282,9.56 $2,718,753.67 1,28,53.32 1,741,317.52 85, $3,238, 158.16 84,9.12 1,273, 998.82 CHANGE IN NET POSITION $6,339,575.2 $2,32,869.16 $8,642,444.18 $4,91,874.71 TOTAL NET POSITION, JULY 1 $84,992,78.85 $1,624,59.3 $86,616, 137.88 $81,714,263.17 TOTAL NET POSITION, JUNE 3 $91,331,653.87 $3,926,928.19 $95,258,582.6 $86,616,137.88
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 $1,276,662.5 1,7,683.7 18,152.51 659,815. 11,762.69 622,658.43 COMMUNICATIONS $ 24,7.92 214 213 $1,276,662.5 $1,74,59.48 1,2 12,384.62 1,57,851.58 18, 152.51 84,38.4 659,815. 538,68.8 11,762.69 1,755.85 622,658.43 658, 133.5 TOTAL SALES $3, 758, 734.38 $24,7.92 $3,963,435.3 $3,423,861.61 OTHER OPERATING REVENUE CARRYING CHARGES MISCELLANEOUS SERVICE REVENUE RENTS OTHER OPERATING REVENUE $12,8 1,133. 26,387.17 $373.38 55 $13,173.38 $14,76.6 1,683. 11,468. 26,387.17 25,688.18 TOTAL OTHER REVENUE $49,32.17 $923.38 $5,243.55 $51,916.78 TOTAL OPERATING REVENUE $3,88,54.55 $25,624.3 $4,13,678.85 $3,475, 778.39 OPERATING EXPENSES PRODUCTION PURCHASED POWER OTHER POWER SUPPLY TRANSMISSION DISTRIBUTION TELECOMMUNICATIONS CUSTOMER ACCOUNTING CUSTOMER SERVICE AND INFORMATION ADMINISTRATIVE AND GENERAL TAXES DEPRECIATION/AMORTIZATION $4,953.13 1,671,3 56,793.4 64.9 551,281.72 118,69.5 29,259. 379,422.43 195,244.42 341,455.73 $ 73,75.67 6,466.94 1,36.9 49,242.14 $4,953.13 $5, 151.69 1,671,3 1,56, 16 56,793.4 43,88.12 64.9 13,111.96 551,281.72 493,433.43 73,75.67 87,567.88 118,69.5 113,796.7 29,259. 32,693.21 385,889.37 391,416.4 196,28.51 162,24.61 39,697.87 382,347.3 TOTAL OPERATING EXPENSES $3,348, 113.42 $13,495.84 $3,478,69.26 $3,23,971.3 OPERATING RATIO 87.92% 63.46% 86.67% 92.96% NET OPERATING REVENUES $459,941.13 $75, 128.46 $535,69.59 $244,87.36 OTHER INCOME $27,852.73 $ $27,852.73 $178,815.1 CONTRIBUTIONS IN AID OF CONSTRUCTION 153,227.82 153,227.82 75,696.46 INTEREST EXPENSE 86,714.25 22,395.73 19,19.98 12,365.85 OTHER DEDUCTIONS EXTRAORDINARY ITEMS CHANGE IN NET POSITION $554,37.43 $52,732.73 $67,4.16 $378,952.98
COMPARATIVE STATEMENT OF NET POSITION - COMBINED AS OF JUNE 3, 214 AND 213 ELECTRIC COMMUNICATIONS 214 CURRENT AND ACCRUED ASSETS REVENUE FUND & DEPOSITORIES $7,658,988.93 $ $7,658,988.93 WORKING FUNDS & PETTY CASH 19,95 19,95 TEMPORARY CASH INVESTMENTS 4,637,95.44 4,637,95.44 ACCOUNTS RECEIVABLE 3,33, 143.24 9,432.79 3, 123,576.3 MATERIALS AND SUPPLIES 2,38, 11.32 2,38, 11.32 STORES EXPENSE-UNDISTRIBUTED 56,532.77 56,532.77 PREPAYMENTS 162,582.83 162,582.83 ACCRUED UTILITY REVENUES 3,428, 14.86 3,428, 14.86 TOTAL CURRENT AND ACCRUED ASSETS $21,827,39.39 $9,432.79 $21,917,823.18 RESTRICTED ASSETS BOND SINKING FUNDS $1, 111,835.53 $ $1, 111,835.53 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 $11,391,335.89 $ $11,391,335.89 NONCURRENTASSETS UTILITY PLANT PLANT IN SERVICE $132,741,117.6 $5, 159,725.32 $137,9,842.38 CONSTRUCTION WORK IN PROGRESS 23, 196,24.95 9,415,628.91 32,611,833.86 LESS: PROVISION FOR RETIREMENT (61,554,751.6) (2,592,1.39) (64,146,761.45) TOTAL UTILITY PLANT $94,382,57.95 $11,983,343.84 $16,365,914.79 OTHER ASSETS & DEFERRALS INVESTMENT IN ASSOCIATED COMPANIES $ $ $ ELECTRIC INVESTMENT IN TELECOM 1,511,943. 1,511,943. NOTES RECEIVABLE 3,947.41 3,947.41 UNAMORTIZED DEBT EXPENSE UNAMORTIZED LOSS ON REACQUIRED DEBT 582,841.91 582,841.91 CLEARING ACCOUNTS 3,672,559.62 (3,646,538.85) 26,2.77 TOTAL OTHER ASSETS & DEFERRALS $6,68,291.94 ($3,646,538.85) $2,421,753.9 TOTAL ASSETS $133,669,589.17 $8,427,237.78 $142,96,826.95 213 $3,7,528.64 14,95 8,111,195.61 2,28,169.18 2,719,759.75 423,655.17 92,799.3 2,189,345.8 $18,587,42.46 $1,89,573. 71 1,4, 6,135, 1,944,5.36 6, $11, 169,74.7 $134,79,89.98 27,44,589. 72 (61,757,37.95) $1,474,361. 75 $ 1, 75,79. 432,823.97 36,785.53 657,787.43 16,229. $3, 172,74.93 $133,43,543.21
COMPARATIVE STATEMENT OF NET POSITION - COMBINED AS OF JUNE 3, 214 AND 213 ELECTRIC COMMUNICATIONS 214 213 CURRENT AND ACCRUED LIABILITIES WARRANTS OUTSTANDING $426,324.71 $ ACCOUNTS PAYABLE 1,977, 147.59 TAXES ACCRUED 662,699.91 2,347.74 MISCELLANEOUS ACCRUED LIABILITIES 88,66.94 TOTAL CURRENT AND ACCRUED LIABILITIES $3,154,779.15 $2,347.74 PAYABLES FROM RESTRICTED ASSETS CURRENT PORTION OF LONG TERM DEBT $1,645, $ INTEREST ON LONG TERM DEBT 152,254.53 CUSTOMER DEPOSITS 554,191.5 COMPENSATED ABSENCES 1,72,998.92 TOTAL PAYABLES FROM RESTRICTED ASSETS $4,54,444.95 $ 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) $426,324. 71 1,977,147.59 665,47.65 88,66.94 $3, 157, 126.89 $1,645, 152,254.53 554,191.5 1,72,998.92 $4,54,444.95 $34,795, 1,511,943. 2,986,18.85 377,549.3 (43,838.1) $547,514.8 1,597,76.79 57,268.7 87,16.87 $2,82, 74.53 $1,6, 156,242.71 537,147.1 1,541,98.72 $3,835,37.44 $36,44, 1,75,79. 1,661,45.64 391,841.3 (48,995.58) TOTAL NONCURRENT LIABILITIES $35, 128,711.2 $4,497,961.85 $39,626,673.5 $4, 149,33.36 TOTAL LIABILITIES $42,337,935.3 $4,5,39.59 $46,838,244.89 $46,787,45.33 NET POSITION INVESTED IN CAPITAL ASSETS, NET OF DEBT $58, 191, 71.66 $8,997,324.99 RESTRICTED FOR CAPITAL CONSTRUCTION RESTRICTED FOR DEBT SERVICE 2,94,81.36 RESTRICTED FOR CONTINGENCIES 6,77,89.58 UNRESTRICTED 12,599,661.43 (5,7,396.8) CONTRIBUTIONS IN AID OF CONSTRUCTION 11,558,399.84 $67, 189,26.65 2,94,81.36 6,77,89.58 7,529,264.63 11,558,399.84 $61,448,683.35 2,877,831.36 6,55,872.27 4,675,351.6 11,558,399.84 TOTAL NET POSITION $91,331,653.87 $3,926,928.19 $95,258,582.6 $86,616, 137.88 TOTAL LIABILITIES AND NET POSITION $133,669,589.17 $8,427,237. 78 $142,96,826.95 $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 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,) 3.25 1.23 7.55 6.26 2.86 3.11 1.13 7.85 2.87 2.59 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 9,721,599 112,392 25,354, 65,435,8 296,78,52 214,155,737 32,221,38 63,23,335 1,358,879 199,549, 86,386,833 284,82,983 25,266,954 2,46,31 66,626,721 1,364,682 241,392, 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) 7.62 6.89 5.71 5.4 1.48 2.44 5.9 6.85 6.16 5.63 4.73 9.94 2.2 5.11 RETAIL SALES - KWH 42,63,263 4,81,8 66,837,833 577,81,65 29,36,183 (6,752,148) 7.4 6.32 ACTIVE ELECTRICAL ACCOUNTS Residential General Service Industrial Irrigation & Frost Control Street Lighting Sales for Resale TOTAL 17,67 2,417 3 1,355 21 6 2,869 16,988 2,382 3 1,346 21 7 2,747 BROADBAND END USERS Fiber Motorola-Wireless New Sl'.stem TOTAL This Year 317 1,23 613 1,953 Last Year 262 1,694 12 2,76
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 42,51,7 22,51,89 51.88% % 42,51,7 22,51,89 51.88% 2 Sales - Wholesale 2,835,2 3,65,263 18.11% 2,2, 1,27,779 57.76% 5,35,2 4,336,42 86.11% 3 Interest 5, 19,77 39.41% % 5, 19,77 39.41% 4 Miscellaneous 1,14, 723,648 65.55% 14,663 % 1, 14, 738,311 66.88% 5 Rental Income 18, 18,66 16.73% % 18, 18,66 16.73% 6 Construction Contributions 917, 652,82 71.19% % 917, 652,82 71.19% 7 Grant Proceeds 472,4 49,188 1.41% % 472,4 49,188 1.41% Total Revenue 47,988,3 26,58,483 55.39% 2,2, 1,285,442 58.43% 5,188,3 27,865,925 55.52% EXPENDITURES 1 Wages 7,175,8 3,316,937 46.22% 288,5 219,45 76.7% 7,464,3 3,536,387 47.38% 11 Benefits 2,92,4 1,328, 177 45.48% 125,4 96,781 77.18% 3,45,8 1,424,958 46.78% 2 Travel 115,9 41,554 35.85% 1, 1,451 14.51% 125,9 43,5 34.16% 21 Tuition 69,9 15,545 22.24% 12, % 81,9 15,545 18.98% 3 Transportation 828,2 368,377 44.48% 42,6 23,783 55.83% 87,8 392,16 45.3% 4 Insurance 319,6 172,455 53.96% % 319,6 172,455 53.96% 5 Utilities 95,8 43, 195 45.9% % 95,8 43, 195 45.9% 6 Postage, Printing and Stationery 149,4 57,86 38.69% 3 276 92.% 149,7 58,82 38.8% 7 Advertising 18,6 6,38 33.91% % 18,6 6,38 33.91% 71 Conservation Expenditures 472,4 172,344 36.48% % 472,4 172,344 36.48% 8 Misc. Contractual Services 1,895, 745,98 39.36% 133,4 3,696 2.77% 2,28,4 749,64 36.96% 81 Legal Services 3, 74,64 24.87% 1, 2,5 25.% 31, 77, 14 24.87% 82 Maintenance Contracts 164,7 62,586 38.% 147,1 127,3 86.36% 311,8 189,616 6.81% 83 Software Licenses and Support 75,5 194,33 27.5% 38,4 15,253 39.72% 743,9 29,286 28.13% 84 Permits and Fees 16,5 1,4 6.8% 71,5 39,717 55.55% 88, 4,721 46.27% 85 Rents and Leases 8,9 42,535 52.58% 138,9 1,4 72.2% 219,8 142,575 64.87% 9 Materials and Supplies 697,5 236,22 33.87% 85,5 45,453 53.16% 783, 281,673 35.97% 91 Small Tools (under $1,) 24, 1,551 6.46% 1, 83 83.% 25, 2,381 9.52% 92 Miscellaneous 65, 27,266 41.95% % 65, 27,266 41.95% 99 Unforeseen Operating Contingency 1, 7,225 7.23% % 1, 7,225 7.23% 12 Purchased Power 23,227,3 13,175,739 56.73% % 23,227,3 13,175,739 56.73% 21 Taxes 2,57, 1,366,433 53.17% 11, 6,493 59.3% 2,581, 1,372,926 53.19% Total Expenditures 42,12,4 21,457,82 51.7% 1, 115,6 682,753 61.2% 43,128, 22,14,555 51.34% DEBT SERVICE 81 Debt Service - Principal 1,447,2 723,574 5% 354,1 156,69 44.23% 1,81,3 88, 183 48.86% 811 Debt Service - Interest 1,56, 812,82 52.6% 396,8 18,829 45.57% 1,956,8 992,911 5.74% Total Debt Service 3,7,2 1,535,656 51.7% 75,9 337,438 44.94% 3,758,1 1,873,94 49.84% JAVAILABLE FOR CAPITAL OUTLAY 2,968,7 3,587,25 12.83% 333,5 265,251 79.54% 3,32,2 3,852,276 116.66%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 99,357 172,9 18,753 28,62 1,228, 14 2.67% 14.58% -11.7% % % 2.43% 22.48% 14.11 % 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, 17,819,8 341,965 574,635 (7,752) 83,767 99,357 172,9 18,753 28,62 1,311,336 RESERVES/DEBT (14,554,2) 2,358,921-16.21% 36,6 182,19 497.32% (14,517,6) 2,54,94-17.5% 3.6% 14.58% -11.7% % % 2.43% 21.5% 14.11 % 5.1% 28.6% 7.36%
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, 111,835.53 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 $6,615,439.21 4,637,95.43 6, $11,853,389.64 Total Investments and Funds $22,644,725.53