CITY OF BOISE Airport Fund Statement of Net Assets February 29, 2012

CITY OF BOISE Airport Fund Statement of Net Assets February 29, 2012 ASSETS 02-29-12 02-28-11 Current assets: Cash $ (1,169,722) $ 280,356 Investments 17,963,743 17,443,383 Invest-Pfc 13,179,829 8,988,949 Invest-Car Rental Facility 5,304,577 4,501,580 Invest-Parking Garage 5,863,527 4,732,130 Accounts Receivable 1,327,793 Less Reserve Bad Debt (28,383) 1,299,410 1,462,040 Interest Receivable 96,274 149,912 Grants Receivable 767,561 193,903 Advances-Other Funds 67,703 75,053 Due from Other Funds 33,173 18,077 Inventory-Supplies 611,637 809,843 Prepaid Expenses 134,602 152,090 Total Current Assets 44,152,314 38,807,316 Noncurrent assets: Deferred Bond Financing Costs 405,313 546,195 Discount of Bonds Payable 488,247 Employee Advances Receivable 7,142 7,142 Total Noncurrent Assets 412,455 1,041,584 Restricted Assets: Restricted Investment-PTT 474,594 472,549 Terminal Bond Payment Fund 2 Terminal Expansion Payment Fund 9,999,996 Airport Land Sales 915,358 Total Restricted Assets 1,389,954 10,472,545 Capital Assets: Land 18,371,941 18,371,941 Buildings 126,972,076 125,852,203 Runways & Taxiways, Other Improvements 90,293,047 89,645,994 Machinery & Equipment 30,843,985 30,509,770 Software 368,376 217,974 Other Capital Assets 559,401 559,401 Constr. in Progress-booked 4,738,174 4,409,483 Constr. in Progress-Current Year 2,496,174 2,380,936 Less Accum. Depreciation (116,336,566) 132,700,319 (107,466,724) Total Capital Assets (Net of Accum. Depreciation) 158,306,608 164,480,978 Total assets $ 204,261,331 $ 214,802,423 1

Airport Fund Statement of Net Assets (continued) 02-29-12 02-28-11 LIABILITIES Current Liabilities: Accounts Payable $246,117 $948,073 Bonds Payable-Prkg Garage, Current 1,360,000 Bonds Payable-Terminal Expansion, Current 2,860,000 1,200,000 Contracts Payable Accrued Payroll & Taxes Liability 251,241 Other Payables 1,085,355 1,566,797 Due to Other Funds 942,344 785,097 Total Current Liabilities 5,133,816 6,111,208 Noncurrent Liabilities: Compensated absences 371,466 344,729 Premium/Deferred Refunding** 759,178 (2,492) LOC-Terminal Construction 293 293 Bonds Payable-Terminal Expansion** 28,220,000 41,525,000 Total noncurrent liabilities 29,350,937 41,867,530 * Total Liabilities 34,484,753 47,978,738 NET ASSETS Investment in capital assets, net of related debt 129,327,137 122,613,448 Unreserved (deficit) 40,449,441 44,210,237 Total Net Assets $ 169,776,578 $ 166,823,685 * Does not include $218,781 in outstanding PO encumbrances. ** Terminal Expansion (refunding 4/2011) 2

CITY OF BOISE Airport Fund Statement of Revenues, Expenditures and Changes in Fund Net Assets For the Period Ending February 29, 2012 Annual Budget Actual Current Month Percent Operating Revenues: Airline Landing Fees $ 3,487,500 $ 1,222,691 $ 206,896 35% Airline Rent 3,689,540 1,502,530 293,207 41% Parking Fees 7,494,906 3,102,154 552,412 41% Car Rental 3,312,791 1,417,219 279,598 43% Concessions 1,539,792 590,808 118,628 38% Rental Income 2,384,935 998,998 192,488 42% Corporate Sponsorship/Donations 24,000 0% Inflight Food Sales 348,000 156,478 26,835 45% Other 642,247 212,920 38,161 33% Total Operating Revenues 22,923,711 9,203,798 1,708,225 40% Operating Expense: Personnel Services 6,470,731 2,461,012 460,034 38% Administration Expenses 3,465,901 561,270 115,011 16% Materials & Supplies 3,298,716 622,812 78,137 19% Professional Services 5,310,319 2,195,984 490,426 41% Purchased Services 571,273 248,122 15,883 43% Utilities & Communications 1,381,589 468,591 106,690 34% Total Operating Expenses 20,498,529 6,557,791 1,266,181 32% Operating Income (loss) 2,425,182 2,646,007 442,044 109% Non-Operating Revenues(Expenses): Passenger Facility Charges 5,801,120 2,255,869 472,345 39% Customer Facility Charge (Car Rentals) 722,500 308,806 53,498 43% Operating Grants 432,865 177,644 12,460 41% Operating transfers in 34,027 5,564-16% Operating Transfers (out) (88,171) 0% Interest Revenue 485,000 165,762 30,801 34% Interest Expense (1,560,488) (594,775) (637,879) 38% Total Non-Operating Revenue (expenses) 5,826,853 2,318,870 (68,775) 40% Net Income(Loss) before Depreciation and Capital Contributions 8,252,035 4,964,877 373,269 60% (Less): Depreciation (12,317,773) (5,132,405) (1,026,481) 42% Capital Contributions, Grants 10,590,000 1,676,081 534,749 16% Capital Contributions, Donations Change in net assets 6,524,262 1,508,553 (118,463) 23% Total net assets-beginning 168,268,025 168,268,025 169,895,041 100% Total net assets-ending $ 174,792,287 $ 169,776,578 $ 169,776,578 97% Capital Expenses 23,852,497 2,496,174 611,142 10% 3

City of Boise Statement of Changes in Financial Position Airport Fund For the Period Ending February 29, 2012 Month Ending 2-29-12 2-29-12 Sources of funds: Operations: Net income, before depreciation $ 4,964,877 $ 373,269 (which does not require current outlay of cash) Plus Excess of Proceeds from Land Sale/Gain Total funds from operations 4,964,877 373,269 Contributions and capital revenues 1,676,081 534,749 Increase in: Accounts payable Contracts payable Other payables Due to other funds 322,265 Bond Premium/Deferred Refunding Payable LOC-Terminal Construction Bonds payable Decrease in: Accounts receivable Employee advances Grants receivable 1,058,857 Inventory-supplies Accrued interest receivable 29,449 31,448 Prepaid expenses 20,649 Due from other funds 8,163 Bond Discounts/Financing Costs 30,959 6,192 Cash and investments with fiscal agent/restricted assets 11,218 11,218 Total sources of funds 8,101,869 977,525 Uses of funds: Additions to Capital Assets 2,496,174 611,142 Increase in: Accounts receivable 37,086 150,675 Employee advances Grants receivable 12,459 Inventory-supplies Additions to Capital Assets Increase in: Accrued interest receivable Prepaid expenses 71,441 Due from other funds 13,363 Bond Discounts/Financing Costs Cash and investments with fiscal agent/restricted assets 4

Airport Fund Statement of Changes in Financial Position (continued) Month Ending 2-29-12 2-29-12 Uses of funds (continued): Decrease in: Accounts payable 1,922,727 271,463 Contracts payable 1,324,838 Other payables 456,713 134,271 Compensated absences 2,636 742 Due to other funds 1,038,496 Bond Premium/Deferred Refunding Payable 61,620 12,324 LOC-Terminal Construction Bonds payable Total uses of funds 6,373,235 2,244,935 Increase (decrease) in cash and short-term investments 1,728,634 (1,267,410) Cash and short-term investments at beginning of period 39,413,320 42,409,364 Cash and Short-Term Investments at End of Period $ 41,141,954 $ 41,141,954 5

City of Boise Fleet Services Fund Statement of Net Assets February 29, 2012 Assets 02-29-12 02-28-11 Current Assets: Cash $ (9,550) $ (101,384) Investments 323,592 394,502 Accounts Receivable 2,259 Accrued Interest Receivable 3 Due from Other Funds 297,407 252,178 Due from Govt. Inventories: Supplies 12,220 12,606 Diesel Licenses Prepaid expenses 20,387 18,352 Total Current Assets 646,315 576,257 Noncurrent Assets: Employee Advances Receivable 3,121 3,173 Total Noncurrent Assets 3,121 3,173 Capital Assets: Land Buildings and Improvements 1,298,690 1,298,690 Automotive Equipment 518,948 214,115 Machinery and Equipment 168,785 168,785 Other Assets 116,540 73,940 Less Accum. Depr. (1,343,760) 759,203 (981,479) Construction in Progress Construction in progress-current year 42,600 Total Capital Asets (Net of Accum. Depr.) 759,203 816,651 Total Assets $ 1,408,639 $ 1,396,081 Liabilities Current Liabilities: Accounts Payable $ 118,637 $ 154,067 Contracts Payable Accrued Payroll & Taxes Payable 44,857 Due to Other Funds 125,764 52,374 Advance from Airport Fund 67,703 75,053 Other Payables 454 454 Total Current Liabilities 312,558 326,805 Noncurrent Liabilities: Compensated Absences 97,464 98,314 Unearned Revenue-Rent Advance from Solid Waste Fund-New Facility 588,589 645,106 Total Noncurrent Liabilites 686,053 743,420 Total Liabilities * 998,611 1,070,225 Net Assets Investment in Capital Assets, net of related debt 170,614 171,545 Unreserved (deficit) 239,413 154,311 Total Net Assets $ 410,027 $ 325,856 * Does not include $65,878 in outstanding PO encumbrances. 6

CITY OF BOISE Fleet Services Fund Statement of Revenues, Expenditures and Changes in Fund Net Assets For the Period Ending February 29, 2012 Annual Budget Actual Current Month Percent Operating Revenues: Charges for Services $ 2,966,118 $1,024,431 $ 200,858 35% Rental Income Miscellaneous Total Operating Revenues 2,966,118 1,024,431 200,858 35% Operating Expenses: Personnel Costs 950,252 410,906 75,485 43% Maint & Operations 1,806,147 613,547 121,228 34% Total Operating Expenses 2,756,399 1,024,453 196,713 37% Operating Income 209,719 (22) 4,145 0% Non-Operating Revenues (Expenses): Interest Revenue 200 34 12 17% (Interest Expense)-Shop Advance (21,000) (3,872) (773) 18% Asset Sales 10,000 0% Transfer-in (General Fund) Rebate (Risk Fund) Transfer-out (General Fund) Total Non-Operating Revenues (10,800) (3,838) (761) 36% Net Income before Depreciation 198,919 (3,860) 3,384-2% Less: Depreciation (83,500) (34,791) (6,958) 42% Changes in net assets 115,419 (38,651) (3,574) -33% Total net assets-beginning 448,678 448,678 413,601 100% Total net assets-ending $ 564,097 $ 410,027 $ 410,027 73% * Revenue from sale of surplus vehicles transferred to fleet. Capital Expenses 64,000 0% 7

City of Boise Sewer Fund Statement of Net Assets February 29, 2012 02-29-12 02-28-11 ASSETS Current Assets: Cash $ (1,682,850) (208,008) Investments 38,430,492 34,294,038 Investments-Reserved 3,851 3,851 Investments-Loan Reserves 676,414 679,599 Accounts Receivable 1,149,444 less Reserve Bad Debt (265,506) 883,938 1,787,233 Sewer Dist. Receivable 2,872,026 less Reserve 2,872,026 2,495,799 Accrued Interest Receivable 99,345 125,853 Grants Receivable Assessments Receivable 2,325,500 2,361,873 Due From Other Funds 198,562 254,141 Advances to Other Funds-Geothermal 112,414 112,400 Inventory-Supplies 1,473,626 1,327,603 Inventory-Crop Other Assets Prepaid Expenses 237,676 298,968 Total Current Assets 45,630,994 43,533,350 Noncurrent Assets: Discount on WW Facility Note 131,461 150,020 Deferred Bond Costs for WW Fac Bond 42,720 48,751 Employee Advances 19,162 21,372 Total Noncurrent Assets 193,343 220,143 Restricted Assets: Wastewater Facility Bond Fund Total Restricted Assets: Capital Assets: Land 13,946,589 13,946,589 Intangible Assets, non depreciating 461,572 452,638 Buildings & Improvements 133,666,528 130,970,369 Sewer Lines 186,477,806 183,441,552 Automobiles & Trucks 8,145,643 7,873,894 Machinery & Equipment 42,495,611 39,604,518 Other Assets 1,078,553 964,779 Construction in Progress-Booked 6,143,499 7,208,923 Construction in Progress-Current Year 4,157,128 2,267,359 less: Accum. Depreciation (132,860,755) 239,003,386 (125,873,212) Total Capital Assets (Net of Accum. Depreciation) 263,712,174 260,857,409 Total Assets $ 309,536,511 $ 304,610,902 8

Sewer Fund Statement of Net Assets (continued) 02-29-12 02-28-11 LIABILITIES Current Liabilities Accounts Payable $ 1,028,148 $ 435,125 Contracts Payable WW Facility Bonds, Current Portion 1,180,000 Capital Lease Payable, Current Loans Payable, Current Portion 425,828 456,863 Developer Trunk Trust 98,039 98,025 Accrued Payroll & Taxes Payable 534,131 Other Payables 738,587 668,527 Due to Other Funds 1,339,289 904,088 Lift Station Trust 127,283 124,266 4,937,174 3,221,025 Noncurrent Liabilities: Compensated Absences 858,823 793,425 Wastewater Facility Bonds Payable 8,765,000 11,125,000 Amort. Gain Of WWFRB 24,672 42,352 L.T. Loan Payable-RSP 014 935 L.T. Loan Payable-RSP 053 926,430 1,005,181 L.T. Loan Payable-WBP 001 6,198,081 6,545,158 Barber Sewer Trust 244,574 211,591 Capital Lease Payable - Total noncurrent liabilities: 17,017,580 19,723,642 *Total Liabilities 21,954,754 22,944,667 NET ASSETS Investment in capital assets, net of related debt 246,216,835 241,724,272 Reserved for Replacements: West Boise Sewer District 2,888,527 2,524,599 Garden City Sewer District 2,819,781 2,535,680 Unreserved (deficit) 35,656,614 287,581,757 34,881,684 Total Net Assets $ 287,581,757 $ 281,666,235 * Does not include $676,218 in outstanding PO encumbrances. 9

CITY OF BOISE Sewer Fund Statement of Revenues, Expenditures and Changes in Fund Net Assets For the Period Ending February 29, 2012 Annual Budget Actual Current Month Percent Operating Revenues: Service Billing $ 21,740,920 $ 8,972,574 $ 1,772,756 41% Salary Reimbursement 829,886 65,690 36,339 8% Service-Garden City 1,224,700 394,009 92,068 32% Bench 1,813,900 715,490 281,854 39% NW Boise 519,400 378,688 150,444 73% West Boise 1,353,800 489,494 122,719 36% Owyhee Sewer District Eagle Sewer District 615,940 198,862-32% Geothermal 730 589-81% Septage Haulers Fees 118,860 62,136 16,924 52% WB Congeneration Recycling Farm Lease 19,000 0% Crop Revenue 1,750,000 0% Capacity Rental Fees 26,565 - Donations Other 706,701 213,493 29,918 30% Total Operating Revenues 30,693,837 11,517,590 2,503,022 38% Operating Expenses: Salaries-Engineering 2,092,894 948,112 177,837 45% Administration 1,118,802 433,935 83,102 39% Utility Billing 369,531 153,390 31,801 42% IT Boise WaterShed 85,426 44,036 8,025 52% Operations 385,448 183,290 37,412 48% Environmental 976,906 423,609 77,280 43% Line Maint. 1,455,707 658,884 125,458 45% Central Lab 1,234,845 583,839 104,168 47% Lander 1,059,577 472,343 88,830 45% Gowen Field West Boise 1,153,013 533,308 99,714 46% Bio-Solids 200,111 106,599 21,729 53% Lander Maintenance 539,132 254,319 46,692 47% West Boise Maintenance 858,942 322,225 54,060 38% Bio-Solids Application Site 635,126 218,467 34,889 34% Total Salaries 12,165,460 5,336,356 990,997 44% 10

CITY OF BOISE Sewer Fund Statement of Revenues, Expenditures and Changes in Fund Net Assets For the Period Ending February 29, 2012 Annual Actual Current Mo. Budget Exp. or Rev. Exp. or Rev. Percent M&O- Bad Debt $ 252,000 $ 202,803 $ 1,780 80% Indirect Cost Reimb. Indirect Cost Reimb-Capital Portion 291,862 121,609 24,322 42% Personal Services-Capital Misc. Costs-Capital 14,273 2,519 503 18% Developer Payback 400,000 73,262 15,464 18% Garden City Trunk Exp Engineering 208,285 51,679 12,280 25% Administration 2,445,042 910,981 174,564 37% Utility Billing 664,655 314,303 91,607 47% IT 3,471 0% Boise Watershed 19,900 4,342 447 22% Operations 70,229 60,919 955 87% Environmental 312,334 114,071 10,477 37% Line Maint. 402,897 169,561 28,845 42% Central Lab 234,509 80,025 13,990 34% Lander 1,633,237 283,303 82,633 17% West Boise 1,764,094 584,930 179,201 33% Bio-Solids 131,028 46,086 10,506 35% Lander Maintenance 20,275 5,320 219 26% West Boise Maintenance 10,501 4,299 141 41% Bio-Solids Application Site 1,456,865 284,544 31,505 20% Total M&O Expense 10,335,457 3,314,556 679,439 32% Total Operating Expense 22,500,917 8,650,912 1,670,436 38% Operating Income 8,192,920 2,866,678 832,586 35% Non-Operating Revenue (Expenses): Art Commission Reimb. (57,855) (465) 1% Operating Grants 4,500 0% Interest Revenue 949,500 251,623 50,425 27% Gain on Refinancing 25,000 0% Property Sales Transfers in (General Fund) 111,360 0% Interest on Advance Bond Interest Expense (483,289) (180,367) (174,181) 37% Loan Interest Expense (280,964) (482) (482) 0% Prepaid Bond Amortization (2,100) 0% Total Non-operating revenues(expenses) 266,152 70,309 (124,238) 26% Net income (loss) before (Depreciation) and Capital Contributions 8,459,072 2,936,987 708,348 35% Depreciation: Boise City Customers(80%) (6,809,760) (2,337,180) - 34% Contract Agencies(20%) (1,702,440) (584,295) - 34% Total Depreciation (8,512,200) (2,921,475) - 34% Capital Contributions: Capital Contributions, Grants Connection Fees 1,377,942 910,510 277,687 66% Equivalent Assessments 344,300 109,470 34,214 32% Other (including developer) 8,050 0% Total Contributions 1,730,292 1,019,980 311,901 59% Changes in net assets 1,677,164 1,035,492 1,020,249 62% Total net assets-beginning 286,546,265 286,546,265 286,561,508 100% Total net assets-ending $ 288,223,429 $ 287,581,757 $ 287,581,757 100% Capital Assets $ 33,083,150 $ 4,157,129 $ 1,836,643 13% 11

City of Boise Sewer Enterprise Fund Statement of Changes in Financial Position For the Period Ending February 29, 2012 Month Ending Sources of funds: 2-29-12 2-29-12 Operations: Net income, before depreciation $ 2,936,987 $ 708,348 (which does not require current outlay of cash) Total funds from operations 2,936,987 708,348 Contributions and capital revenues 1,019,980 311,901 Increase in: Accounts payable 229,150 Other payables Due to other funds 602,386 Bonds Payable-WW Facility Bonds Payable-Amort. Gain Loans/Capital Lease Payable Lift Station/ Developer Trust 12 - Decrease in: Accounts receivable 2,375,363 86,136 Sewer district receivables 20,302 Grants receivable Accrued interest receivable 34,846 3,413 Inventories-Crop & Supplies Due from other funds 783,132 376,537 Advances to Other Funds-Geothermal Prepaid Expenses 33,973 Other Assets Discount on WW Facility Bonds 7,733 1,547 Deferred Bonds Costs for WW Facility 2,513 503 Employee Advances WW Facility Bond Fund Total sources of funds 7,783,254 1,751,508 12

Sewer Fund Statement of Changes in Financial Position (continued) Month Ending 2-29-12 2-29-12 Uses of funds: Additions to Capital Assets $ 4,157,129 $ 1,836,643 Increase in: Accounts receivable Sewer district receivables 214,816 Grants receivable Accrued interest receivable Inventories-Crop & Supplies Due from other funds Advances to Other Funds-Geothermal 6 2 Prepaid Expenses 236,843 Deferred Bonds Costs for WW Facility Employee Advances WW Facility Bond Fund Decrease in: Accounts payable 828,712 Contracts payable 130,103 Other payables 744,741 33,291 Due to other funds 1,343,198 Compensated absences 3,452 650 Bonds payable-ww Facility 1,180,000 1,180,000 Bonds Payable-Amort. Gain Lift Station/Developer Trust Loans/Capital Lease Payable 24,078 24,078 Total uses of funds 7,305,064 4,632,678 Increase (decrease) in cash and short-term investments 478,190 (2,881,170) Cash and short-term investments at beginning of period 36,949,717 40,309,077 Cash and Short-Term Investments at End of Period $ 37,427,907 $ 37,427,907 13

City of Boise Irrigation Fund Statement of Net Assets February 29, 2012 Assets 02-29-12 02-28-11 Current Assets: Cash $ 6,191 $ 43 Investments 65,257 54,157 Accounts Receivable 145 (1,444) Assessments Receivable (2,196) 3,034 Due from Other Funds Inventory-Supplies 269 Prepaid Expenses Total Current Assets 69,666 55,790 Capital Assets: Buildings Improvements Service lines 149,079 149,079 Furniture and Equipment 114,929 114,929 Construction-In-Progress-Current Year Less Allowance for Depreciation (67,499) 196,509 (59,797) Total Assets $ 266,175 $ 260,001 Liabilities: Accounts Payable $ 63 $ 59 Contracts Payable Due to Other Funds 1,493 1,254 Advances-Other Funds Developer Payback 10,180 10,180 Other Accrued Liabilities 3,997 3,896 Total Liabilities 15,733 15,389 Net Assets Investment in Capital Assets, net of related debt 196,509 204,211 Unreserved (deficit) 53,933 40,401 Total Net Assets $ 250,442 $ 244,612 14

City of Boise Irrigation Fund Statement of Revenues, Expenditures and Changes in Fund Net Assets For the Period Ending February 29, 2012 Annual Budget Actual Current Month Percent Operating Revenues: Irrigation Assessments $ 27,181 $ 0% Plan Check Review Irrig. District Assessments 3,718 0% Lateral Assessments 440 0% MID Admin & Misc. Revenue 920 0% Total Operating Revenue 32,259 0% Operating Expenses: Personnel Costs Supplies & Materials 78 0% Contractual Services 26,802 4,355 27 16% Ind. Cost Reimb. 9,486 3,953 791 42% Total Operating Expenses 36,366 8,308 818 23% Operating Income (4,107) (8,308) (818) 202% Non-Operating Revenues (Expenses): Direct Reimbursement City Contribution/TI General Fund 16,823 0% Interest Revenue 357 27 8% Interest Expense Total Non-Operating Revenues (Exp) 17,180 27 0% Net Income (Loss) before Depreciation and Contributions 13,073 (8,281) (818) -63% Less: Depreciation (8,838) (3,684) (737) 42% Capital Contributions: Developer Changes in net assets 4,235 $ (11,964) $ (1,554) -283% Total net assets-beginning 262,406 $ 262,406 $ 251,996 100% Total net assets-ending $ 266,641 $ 250,442 $ 250,442 94% Capital Assets 15

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City of Boise Geothermal Fund Statement of Net Assets February 29, 2012 Assets 02-29-12 02-28-11 Current Assets: Cash $ (384,088) $ 23,070 Investments 50,943 577,911 Accounts Receivable 124,270 77,836 Grants Receivable 208,234 196,318 Due from Other Funds - 31 Inventory-Supplies 162,418 168,722 Prepaid Expenses 959 717 Total Current Assets 162,736 1,044,605 Noncurrent Assets: Employee Advances Total Noncurrent Assets Capital Assets: Intangible Assets 8,608 8,608 Buildings 109,959 109,959 Improvements 2,174,922 2,174,922 Service lines 5,069,331 4,617,035 Furniture and Equipment 398,586 393,021 Construction in Progress 2,393,379 506,885 Less Accum. Depr. (3,386,727) 4,374,679 (3,239,839) Total Capital Assets (Net of Accum Depr.) 6,768,058 4,570,591 Total Assets $ 6,930,794 $ 5,615,196 Liabilities Accounts Payable $ 5,087 $ 3,454 Due to Other Funds 22,411 17,623 Advances Payable - Sewer 112,414 112,400 Accrued Payroll & Taxes Liability 9,265 10,446 Other Accrued Liabilities 305,583 83,077 Total Liabilities * 454,760 227,000 Net Assets Investment in capital assets, net of related debt 6,768,058 4,570,591 Unreserved (deficit) (292,024) 817,605 Total Net Assets $ 6,476,034 $ 5,388,196 17

City of Boise Geothermal Fund Statement of Revenues, Expenditures and Changes in Fund Net Assets For the Period Ending February 29, 2012 Annual Budget Actual Current Month Percent Operating Revenues: Water Sales $ 692,300 $ 416,073 $ 146,780 60% Direct Reimb. 3,570 (4,525) -127% Captalized Salaries 40,550 0% Misc. Revenue Total Operating Revenue 736,420 411,548 146,780 56% Operating Expenses: Personnel Costs 92,945 43,076 8,589 46% Supplies & Materials 1,135 410 87 36% Contractual Services 252,160 56,182 12,967 22% Ind. Cost Reimb. 38,434 16,014 3,203 42% Total Operating Expenses 384,674 115,681 24,846 30% Operating Income 351,746 295,866 121,933 84% Non-Operating Revenues (Expenses): Interest Revenue 3,990 257 48 6% Interest Expense (4) - Transfer in Transfer (out) (100,000) (33,333) - 33% Total Non-Operating Revenues (Exp) (96,010) (33,080) 48 34% Net Income (Loss) before Depreciation and Contributions 255,736 262,786 121,981 103% Less: Depreciation (184,158) (56,965) - 31% Capital Contributions: Grants (HUD)/ Other (State of Idaho) 2,883,361 0% Grants-Stimulus Funds (DOE) Changes in net assets 2,954,939 205,821 121,981 7% Total net assets-beginning 6,270,213 6,270,213 6,354,053 100% Total net assets-ending 9,225,152 $ 6,476,034 $ 6,476,034 70% Capital Assets 2,739,544 444,318 5,540 16% 18

City of Boise Statement of Changes in Financial Position Geothermal Enterprise Fund For the Period Ending February 29, 2012 Month Ending 2-29-12 2-29-12 Sources of funds: Operations: Net income, before depreciation $ 262,786 $ 121,981 (which does not require current outlay of cash) Total funds from (used in) operations 262,786 121,981 Contributions and capital revenues Increase in: Accounts Payable Advances payable-sewer 6 2 Other accrued liabilities Due to other funds Compensated Absences Contracts payable Decrease in: Accounts receivable 79,765 Inventory-Supplies Due from other funds 7,806 466 Grants receivable 156,096 Prepaid expenses 137 Employee Advances Total sources of funds 426,694 202,351 Uses of funds: Additions to property, plant & equipment 444,318 5,540 Increase in: Accounts receivable 255 Inventory Supplies Due from Other Funds Prepaid expenses 959 Decrease in: Accounts payable 251,396 86,555 Advances payable-sewer Contracts payable 15,555 Due to other funds 68,550 28,371 Other Accrued Liabilities 65,712 59,683 Total uses of funds 846,745 180,149 Increase (decrease) in cash and short-term investments (420,051) 22,202 Cash and short-term investments at beginning of period 86,906 (355,347) Cash and Short-Term Investments at End of Period $ (333,145) $ (333,145) 19

City of Boise Solid Waste Fund Statement of Net Assets February 29, 2012 02-29-12 Assets Current Assets: Cash $ 158,267 Investments 1,680,972 Accounts Receivable 1,414,116 Less Reserve Bad Debt (280,533) 1,133,583 Accrued Interest Receivable 517 Assessments Receivable Due From Other Funds 5,549 Other Assets Prepaid Expenses 4,121 Total Current Assets 2,983,009 Noncurrent Assets: Employee Advances Receivable 800 Meth Lab Clean-Up Loans Receivable Advances-City Shop Fund 588,589 Total Noncurrent Assets 589,389 Capital Assets: Automobiles and Trucks 84,709 Machinery and Equipment 258,558 Public Art Collection 25,629 Less Accum. Depr. (172,148) 196,748 Construction-in Progress, Booked Construction-in-Progress, Current Year 9,699 Total Capital Assets ( Net of Accum. Deprec.) 206,447 Total Assets $ 3,778,845 Liabilities: Current Liabilities: Accounts Payable 1,882,923 Contracts Payable Accrued Payroll and Taxes Payable Trash Deposits Payable Due to Other Funds 104,888 Unearned Revenue 556,353 Other accrued liabilities Total Current Liabilities 2,544,164 Noncurrent Liabilities: Compensated Absences 30,006 Total Liabilities* 2,574,170 Net Assets Investment in Capital Assets, Net of related debt 206,447 Unreserved (deficit) 998,228 Total Net Assets $ 1,204,675 20 This financial statement is a interim statement and is unaudited. * Does not include $7,171 in outstanding PO encumbrances.

Annual Budget Actual Current Month Percent Operating Revenues: Program Dev/Mgmt: Households-O&M $ 11,435,240 $ 4,584,328 $ 944,314 40% Commercial - Regular,Recycling, On-Call 12,252,700 5,075,788 1,024,101 41% Interest & Penalities 278,330 63,623 18,124 23% Reimbursements - Recycling program 170,603 - Misc. Revenue 40,650 22,754 3,701 0% Transfer Ins 0% Total Operating Revenues 24,006,920 9,917,096 1,990,240 41% Operating Expenses: Personnel Costs 369,129 163,917 29,896 44% Supplies & Materials 268,040 77,639 13,908 29% Maintenance & Operation 313,662 74,026 11,266 24% Leaf Collection 151,000 95,241 670 63% Xmas Trees 20,000 10,800-54% Glass Recycling 85,000 27,687 6,857 33% Special Recycling/Environmental Programs 7,500 4,055 54% Strategic Plan Consulting/Mgmt Advertising 35,000 7,129 338 20% Household Recycling 2,233,990 898,621 180,394 40% Business Recycling 462,380 224,333 43,000 49% Household Trash 6,277,690 2,556,349 512,754 41% Business Trash 5,358,230 2,191,550 435,693 41% Utility Billing Services 556,000 185,332-33% Franchise 1,160,356 470,738 94,127 41% School Recyling 500 0% Downtown Trash 17,000 5,972 1,493 35% Landfill-Commercial/Residential/Special 6,351,000 2,532,002 703,417 40% Cross Charges 82,000 14,635 18% Indirect Cost Reimb. 255,406 106,419 21,284 42% Collections Staff Support 212,000 108,165 13,807 51% Arts Reimb. 240 0% Junk Cars-Towing Environmental Education 48,200 16,064-33% Misc. Expenses Bad debt expense 200,000 193,231 744 97% Low Income Discount 17,000 6,987 1,403 41% Transfer Out-UB Rewrite 110,330 0% Transfer Charges 104,030 34,677-33% Total operating expenses 24,695,683 10,005,569 2,071,050 41% Non-Operating Revenues(Expenses): Operating Grants City of Boise Solid Waste Fund Statement of Revenues, Expenditures and Changes in Fund Net Assets For the Period Ending February 29, 2012 Net Income(Loss) before Depreciation (688,763) (88,473) (80,809) 13% Less Depreciation (31,000) (10,817) - 35% Changes in net assets (719,763) (99,290) (80,809) 14% Total net assets-beginning 1,303,965 1,303,965 1,285,484 100% Total net assets-ending $ 584,202 $ 1,204,675 $ 1,204,675 206% Capital Expenses $ 119,152 $ 9,699 8% 21

City of Boise, Idaho Health Care Trust Statement of Net Assets February 29, 2012 ASSETS Feb. 29, 2012 Feb. 28, 2011 Current Assets: Cash and cash equivalents $ 401,647 $ 927,221 Investments 3,628,879 4,016,066 Receivables: Accounts and interest 60,037 59,419 Interfund receivables 7,277 7,470 Prepaid items Total current assets 4,097,840 5,010,176 Total assets $ 4,097,840 $ 5,010,176 LIABILITIES Current Liabilities: Accounts Payable * $ - Self Insurance Claims 1,106,000 1,451,000 Other accrued liabilities (1) 2,940 Interfund Payables 23,527 19,695 Total current liabilities 1,129,526 1,473,635 Total liabilities 1,129,526 1,473,635 NET ASSETS Invested in capital assets Reserved for future claims 2,968,314 3,536,541 Total net assets $ 2,968,314 $ 3,536,541 This fund is reported and audited on a calendar basis as a Fiduciary Trust Fund and managed in trust for the City's employees. Interim financials are presented on a fiscal year basis as if a governmental or business-type activity for operational accountability. *Does not include $5,224 in outstanding PO encumbrances. 22

City of Boise, Idaho Statement of Revenues, Expenses, and Changes in Fund Net Assets Health Care Trust and Employee Wellness For the Period Ending February 29, 2012 Annual Budget Actual Current Month Percent Operating Revenues: Charges for Services: Retirees Share $ 95,625 $ 38,544 $ 6,291 40% COBRA Share 271,850 66,735 16,533 25% Employee/Employer Share * 12,336,216 4,407,863 995,519 36% Reimb-Stop Loss Pharmacy Rebate 72,000 49,280-68% Misc. Revenue Employee Wellness Revenue Total Operating Revenues 12,775,691 4,562,422 1,018,343 36% Operating Expenses: Personnel Services Professional Services 94,826 35,665 6,577 38% Administrative Services 794,121 346,168 70,440 44% Claims-Active 12,821,193 4,302,683 953,533 34% Claims-Retirees 55,259 9,382 Claims-IBNR 402,102 402,102 Purchased Services 500 0% Contractual Services-Employee Wellness 434,175 159,214 28,157 37% Total Operating Expenses 14,144,815 5,301,092 1,470,191 33% Operating Income (loss) (1,369,124) (738,670) (451,848) 54% Non-Operating Revenues (Expenses) Interest Revenue 47,270 14,632 2,752 31% Total Non-Operating Revenues 47,270 14,632 2,752 31% Income before operating transfers (1,321,854) (724,038) (449,096) 55% Interfund Transfers in Interfund Transfers out Change in net assets (1,321,854) (724,038) (449,096) 55% Total net assets-beginning 3,692,352 3,692,352 3,417,410 100% Total net assets-ending $ 2,370,498 $ 2,968,314 $ 2,968,314 125% * Employee/Employer Share includes contributions for the subsequent month. This fund is reported and audited on a calendar basis as a Fiduciary Trust Fund and managed in trust for the City's employees Interim financials are presented on a fiscal basis as if a governmental or business-type activity for operational accountability. 23