ASSETS Current Assets Checking/Savings CASH UNRESTRICTED 1060-00 BANK OF NV MM SAVINGS 1062-00 BANK OF NV MM CHECKING 1065-00 Vanguard settlement account 1066-01 WELLS FARGO SECURITIES (MM) 1067-00 BANK of NV-Bunkerville Projects 1080-00 PETTY CASH 1115-00 CREDIT CARD CLEARING Total CASH UNRESTRICTED 2,221,901.56 165,405.28 2,788,000.87 138,139.06 388,228.55 850.00 2,411.98 5,704,937.30 INVESTMENTS UNRESTRICTED 1085-00 INVESTMENTS-PAR VALUE 1086-00 PREM/(DISC) ON INVESTMENTS 1087-00 UNREALIZED GAIN/(LOSS)-INVESTMT Total INVESTMENTS UNRESTRICTED 3,700,000.00 20,570.82 43,704.75 3,764,275.57 RESTRICTED BOND PYMT FUND-INVES 1042-00 WELLS FARG0-2003 BOND PYMT FUND 1043-00 WELLS FARG0-2004 BOND PYMT FUND 1044-00 WELLS FARG0-2006 BOND PYMT FUND 1045-00 WELLS FARG0-20081NT PYMT 1045-01 WELLS FARG0-2008 PRINCPL PYMT Total RESTRICTED BOND PYMT FUND-INVES 62,597.65 497,135.04 360,549.59 362,489.24 38,333.34 1,321 '1 04.86 RESTRICTED BOND RESERVE-INVESTM 1041-01 WELLS FARG0-2001 BOND RESERVE 1042-01 WELLS FARG0-2003 BOND RESERVE 1044-01 WELLS FARG0-2006 BOND RESERVE Total RESTRICTED BOND RESERVE-INVESTM 221,108.77 262,753.98 956,284.48 1,440,147.23 RESTRICTED CASH & INVESTMENTS 1070-00 AFCU ORO II SAVINGS 1082-00 ; BANK OF NV ORO II 1084-00 BANK OF NV-2011 BOND PYMT FUND 1088-00 BANK OF NV 2008 BOND PYMT FUN Total RESTRICTED CASH & INVESTMENTS 29.22 367,683.68 414,444.31 323,946.33 1,106,103.54 Total Checking/Savings 13,336,568.50 Page 1 of 3
Accounts Receivable 1105-00 AIR VENDORS Total Accounts Receivable 36,500.00 36,500.00 Other Current Assets PREPAID EXPENSES 1200-00 PREPAID MEDICAL INSURANCE 1205-00 PREPAID LIABILITY INSURANCE 1210-00 PREPAID PROFESSIONAL FEES Total PREPAID EXPENSES 21,406.63 22,836.22 18,000.00 62,242.85 1100-00 AIR WATER USE FEES 1230-00 DUE FROM GOVERNMENTAL AGENCIES 1240-00 OPERATING INVENTORY 1270-00 ACCRUED INTEREST INCOME 1280-00 DEPOSITS Total Other Current Assets 511,306.93 113,114.05 130,317.76 15,342.30 205,000.00 1,037,323.89 Total Current Assets 14,410,392.39 Fixed Assets CAPITAL ASSETS 1500-00 LAND 1505-00 BUILDINGS & IMPROVEMENTS 1510-00 SOURCE WELLS 1520-00 TRANSMISSION STRUCTURES 1530-00 TELEMETRY EQUIPMENT 1550-00 RESERVOIRS & TANKS 1570-00 DISTRIBUTION LINES 1580-00 MACHINERY & EQUIPMENT 1650-00 OFFICE CAPITAL ASSETS 1850-00 WATER SHARES Total CAPITAL ASSETS 591,064.14 20,926,040.82 22,499,001.34 4,178,691.08 97,223.59 8,659,182. 73 14,262,092.84 1,625,451.66 293,718.32 22,400,459.65 95,532,926.17 CONSTRUCTION IN PROCESS 1670-00 CIP-MISCELLANOUS PROJECTS 2001-02 CIP-WELL #32 2006-01 CIP-WELL #34 Total CONSTRUCTION IN PROCESS 11,477.58 4,000.43 1,080,591.34 1,096,069.35 1681-00 ACCUM. DEPRECIATION Total Fixed Assets (20,554,947.19) 76,074,048.33 Other Assets 1910-00 BONDS DISCOUNT, NET OF AMORT 1915-00 BOND ISSUANCE COSTS, NET OF AMO Total Other Assets 28,096.00 800,547.48 828,643.48 TOTAL ASSETS 91,313,084.20 Page 2 of 3
LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 2000-00 ACCOUNTS PAYABLE Total Accounts Payable 142,085.66 142,085.66 Other Current Liabilities DEFERRED REVENUES 2241-00 DEFERRED REVENUE-PREPAID AIR 2243-00 DEFERRED REVENUE Total DEFERRED REVENUES 41,044.38 2,600.00 43,644.38 PAYROLL LIABILITIES 2106-00 AFLAC & COLONIAL LIFE 2205-00 P.E.R.S. PAYABLE 2215-00 SUTA PAYABLE Total PAYROLL LIABILITIES 15.89 19,559.65 1,333.05 20,908.59 2010-00 ACCRUED INTEREST- BONDS 2020-00 SALARIES PAYABLE 2220-00 ACCRUED VACATION/SICK Total Other Current Liabilities 463,380.26 22,683.00 51,276.59 601,892.82 Total Current Liabilities 743,978.48 Long Term Liabilities LOSS ON DEFEASANCE OF DEBT, NET 2901-00 DEFERRED LOSS-EARLY RETIRE/2001 2902-00 DEFERRED LOSS-EARLY RETIRE/2004 2903-00 DEFERRED LOSS-EARLY RETIRE/2008 Total LOSS ON DEFEASANCE OF DEBT, NET (17,802.77) (398,061.36) (2,587,453.94) (3,003,318.07) 2910-00 BONDS PAYABLE- 2003 ISSUE 2915-00 BONDS PAYABLE- 2004 ISSUE 2920-00 BONDS PAYABLE- 2006 ISSUE 2925-00 BONDS PAYABLE - 2008 ISSUE 2930-00 BONDS PAYABLE - 2011 ISSUE 2991-00 BOND PREMIUMS, NET OF AMORT Total Long Term Liabilities 3,214,227.97 4,945,000.00 6,155,000.00 14,325,000.00 4,005,000.00 242.446.93 29,883,356.83 Total Liabilities 30,627,335.31 Equity 3040-00 RETAINED EARNINGS Net Income Total Equity 57,816,519.80 2,869,229.09 60,685,748.89 TOTAL LIABILITIES & EQUITY 91,313,084.20 Page 3 of 3
Statement of Income - Actual to Budget Comparison July 2011 through April 2012 % of Year Completed 83.3% Apr12 Ju1'11-Apr12 Budget $ Over Budget %of Budget ORDINARY INCOME I EXPENSES INCOME 4110-00 WATER USE FEES 513,307.98 5,487 '048.44 7,026,000.00 (1,538,951.56) 78.1% 4120-00 CONNECTION FEES 4,200.00 27,550.00 36,000.00 (8,450.00) 76.53% Total Income 517,507.98 5,514,598.44 7,062,000.00 (1,547,401.56) 78.09% EXPENSE CONTRACTED SERVICES 5280-00 WATER TESTS 400.00 12,237.10 25,000.00 (12,762.90) 48.95% 5290-00 ANNUAL AUDITING EXPENSE 0.00 14,300.00 14,300.00 0.00 100.0% 5310-00 OUTSIDE ACCOUNTING 0.00 5,252.50 15,000.00 (9,747.50) 35.02% 5311-00 INVESTMENT MANAGEMENT FEE 0.00 4,426.98 7,400.00 (2,973.02) 59.82% 5320-00 ENGINEERING 32,205.00 74,182.16 100,000.00 (25,817.84) 74.18% 5330-00 LEGAL & LITIGATION EXPENSE 17,065.74 167,358.08 200,000.00 (32,641.92) 83.68% 5340-00 OTHER PROFESSIONAL SERVICES (24,872.00) 134,076.12 174,800.00 (40,723.88) 76.7% 5350-00 BOARD OF DIRECTORS FEE 800.00 11,200.00 14,600.00 (3,400.00) 76.71 % Total CONTRACTED SERVICES 25,598.74 423,032.94 551,100.00 (128,067.06) 76.76% OFFICE & ADMINISTRATION 5210-00 OFFICE EXPENSES & SUPPLIES 4,335.37 59,828.50 97,290.00 (37,461.50) 61.5% 5215-00 DUES/SUBSCRIPTIONS/ADV. 67.00 29,086.33 35,690.00 (6,603.67) 81.5% 5220-00 WATER RIGHTS APPLICATIONS 100.00 15,406.50 6,000.00 9,406.50 256.78% 5230-00 BANK CHARGES 1 '152.15 14,277.15 13,000.00 1,277.15 109.82% 5240-00 GENERAL MISCELLANEOUS 255.45 2,781.05 4,500.00 (1,718.95) 61.8% 5260-00 POSTAGE & MAILING PERMITS 46.23 34,244.72 41,950.00 (7,705.28) 81.63% 5270-00 TRAVEL & TRAINING 346.37 7,110.91 19,500.00 (12,389.09) 36.47% 5420-00 INSURANCE EXPENSE 11,418.12 114,181.20 151,000.00 (36,818.80) 75.62% Total OFFICE & ADMINISTRATION 17,720.69 276,916.36 368,930.00 (92,013.64) 75.06% REPAIRS & MAINTENANCE 5510-00 VEHICLES- REPAIRS & MAINT. 2,610.70 20,280.64 43,800.00 (23,519.36) 46.3% 5515-00 VEHICLES- FUEL 8,038.76 30,873.65 72,290.00 (41,416.35) 42.71% 6120-00 MAINTENANCE- WELLS 0.00 24,905.75 318,000.00 (293,094.25) 7.83% 6130-00 MAINTENANCE- GENERAL 13,657.00 42,720.14 58,950.00 (16,229.86) 72.47% 6140-00 TOOLS AND SUPPLIES 0.00 1,895.10 6,000.00 (4, 104.90) 31.59% 6200-00 TELEMETRY EXPENSES 2,226.84 4,751.96 15,050.00 (1 0,298.04) 31.57% 6210-00 CHEMICALS (CHLORINE) 23,187.60 187,817.03 205,000.00 (17' 182.97) 91.62% 6250-00 MAINTENANCE- ARSENIC TREATMENT 16,191.05 139,722.32 195,400.00 (55,677.68) 71.51% 6300-00 HYDROLOGICAL EXPENSES 12.88 1,397.02 12,500.00 (11,102.98) 11.18% 6325-00 MAINTENANCE - BOOSTER PUMP 0.00 0.00 20,000.00 (20,000.00) 0.0% 6350-00 MAINTENANCE - RESERVOIRS 70.16 7,552.22 17,400.00 (9,847.78) 43.4% 6375-00 MAINTENANCE - MAINS 15,402.52 136,915.17 185,000.00 (48,084.83) 74.01% 6378-00 MAINTENANCE -SECONDARY SYSTEM 0.00 292.86 3,000.00 (2,707.14) 9.76% 6380-00 MAINTENANCE -SERVICE/METERS 2,876.79 8,021.86 24,100.00 (16,078.14) 33.29% 6385-00 MAINTENANCE - HYDRANTS 0.00 482.69 7,500.00 (7,017.31) 6.44% Total REPAIRS & MAINTENANCE 84,274.30 607,628.41 1,183,990.00 (576,361.59) 51.32% Page 1 of 2
% of Year Completed 83.3% Apr12 Jui'11-Apr12 Budget $ Over Budget %of Budget SALARIES & BENEFITS 5120-00 ADMINISTRATIVE SALARIES 31,355.90 328,155.68 339,443.00 (11,287.32) 96.68% 5121-00 LINE & MAINTENANCE SALARIES 56,123.70 556,934.22 677,326.00 (120,391.78) 82.23% 5130-00 HEALTH INSURANCE PREMIUMS 23,270.20 227,429.56 265,540.00 (38,110.44) 85.65% 5140-00 UNIFORMS & SAFETY EQUIPMENT 102.16 6,460.77 13,440.00 (6,979.23) 48.07% 5522-00 P.E.R.S. EMPLOYERS SHARE 18,158.56 189,850.00 214,234.00 (24,384.00) 88.62% Total SALARIES & BENEFITS 129,010.52 1,308,830.23 1,509,983.00 (201 '152.77) 86.68% TAXES 5523-00 FICA - EMPLOYERS SHARE 1,196.71 12,796.76 15,025.00 (2,228.24) 85.17% 5524-00 WORKMANS COMP 8,183.00 34,342.50 32,800.00 1,542.50 104.7% 5525-QO NV. UNEMPLOYMENT TAX 1,333.05 6,936.50 5,660.00 1,276.50 122.55% Total TAXES 10,712.76 54,075.76 53,485.00 590.76 101.11% UTILITIES 5205-00 UTILITIES & TELEPHONE -OFFICE 2,202.17 24,924.23 33,040.00 (8,115.77) 75.44% 6110-00 UTILITIES - WELLS 41,309.51 561,301.40 728,200.00 (166,898.60) 77.08% Total UTILITIES 43,511.68 586,225.63 761,240.00 (175,014.37) 77.01% 5235-00 DEPRECIATION EXPENSE 256,503.91 2,559,078.23 3,012,000.00 (452,921.77) 84.96% 5335-00 AMORTIZATION EXPENSE 4,030.69 40,306.90 52,101.00 (11,794.10) 77.36% Total Expense 571,363.29 5,856,094.46 7,492,829.00 (1,636,734.54) 78.16% NET ORDINARY INCOME (53,855.31) (341,496.02) (430,829.00) 89,332.98 OTHER INCOME/EXPENSES OTHER INCOME 7010-00 SERVICE CHARGES 4,401.50 35,410.08 32,000.00 3,410.08 110.66% 7015-00 OTHER REVENUE 2,788,282.30 2,789,504.17 2,000.00 2,787,504.17 139,475.21% 7020-00 IMPACT FEES 46,640.00 241,680.00 318,000.00 (76,320.00) 76.0% 7030-00 ORDINANCE #2 FEES 27,150.00 298,600.00 49,500.00 249,100.00 603.23% 7040.-00 ORDINANCE #3 FEES 500.00 500.00 0.00 500.00 100.0% 7110-00 INTEREST INCOME 5,227.50 50,267.50 91,800.00 (41,532.50) 54.76% 7150-00 LEASE INCOME 50,000.00 269,725.16 121,852.00 147,873.16 221.36% 7180-00 Y. CENT SALES TAX 35,941.51 390,831.62 445,000.00 (54,168.38) 87.83% 7190-00 UNREALIZED GAIN(LOSS)-INVESTMEN 19,922.52 173.25 0.00 173.25 100.0% 7192-00 REALIZED GAIN(LOSS)-INVESTMENTS 48,221.99 48,221.99 0.00 48,221.99 100.0% Total Other Income 3,026,287.32 4,124,913.77 1,060,152.00 3,064,761.77 389.09% OTHER EXPENSES 7120-00 INTEREST EXPENSE 91,397.23 914,188.66 1,506,100.00 (591,911.34) 60.7% 7310-00 (GAIN)/LOSS ON DISPOSED ASSETS 0.00 0.00 7,500.00 (7,500.00) 0.0% Total Other Expense 91,397.23 914,188.66 1,513,600.00 (599,411.34) 60.4% NET OTHER INCOME 2,934,890.09 3,210,725.11 (453,448.00) 3,664,173.11 NET INCOME 2,881,034. 78 2,869,229.09 (884,277.00) 3,753,506.09 Page 2 of 2