MARCH 3, 2020 6:00 p.m. ITEM REQUESTED ACTION A. Public ...€¦ · Balance of Reserve Funds as of the end of each Bond Year: Operating and Debt Service Reserve Fund - Bond Less than

REGULAR SESSION AGENDA

NORTHERN WASCO COUNTY PEOPLE’S UTILITY DISTRICT Board Room, 2345 River Road, The Dalles, Oregon

MARCH 3, 2020 6:00 p.m.

ITEM REQUESTED ACTION

A. Public Comment Period Presentation

B. Requests for Additions or Deletions to Agenda Discussion

C. Old Business

D. Consent Agenda Motion These items will be acted upon as a single item, unless any member of the board wishes to move an item to the regular agenda for separate consideration.

1. Regular Session Minutes of February 4, 2020 2. January Outage Report 3. Energy Management/Marketing Report 4. Checks/Vouchers 5. January Financial Report 6. January Write Offs

E. Convene as Contract Review Board: Motion

1. Consideration to Amend the Award of Contract for the Construction of a new Tygh Valley Substation

F. Division Updates: Presentation

1. Engineering/Operations 2. Finance & Risk 3. Power Resources 4. Corporate Services 5. Key Accounts 6. Innovation & Planning

a. AMI (Automated Metering Infrastructure) Update 7. General Manager 8. General Counsel

G. New Business

H. Board Reports / Items from Board Members Discussion

1. Oregon People’s Utility Districts Association (OPUDA) 2. NRECA Credentialed Cooperative Director Certificate 3. Discussion on Coronavirus

I. Approval of future meetings/travel/or related matters Discussion

Future Meeting Dates: 1. March 3: PUD Board Meeting, 6 p.m. 2. March 4: PPC Forum, 3 pm-5 pm, Embassy Suites @ PDX 3. March 5: PPC Exec Committee, 8 am-12 pm, Embassy Suites @ PDX 4. March 20: OPUDA Board Meeting, 8:30 am, SDAO Office in Salem 5. April 1: NEMS, NESC, NIES Board Mtg, 8 am-11 am, Sheraton Inn @ PDX 6. April 1: PPC Forum, 3 pm-5 pm, Embassy Suites @ PDX 7. April 2: PPC Exec Committee, 8 am-12 pm, Embassy Suites @ PDX 8. April 7: PUD Board Meeting, 6 p.m. 9. April 17: OPUDA Board Meeting, 8:30 am, SDAO Office in Salem 10. July 28-29: NWPPA Electric Utility Fundamentals, Hood River

J. Miscellaneous Information

This Agenda is subject to last minute changes. Meetings are ADA accessible. For special accommodations please contact the

Northern Wasco County PUD Office in advance, (541) 296-2226. TDD 1-800-735-2900.

NORTHERN WASCO COUNTY PEOPLE’S UTILITY DISTRICT REGULAR SESSION FEBRUARY 4, 2020

PRESENT: Roger Howe, President

Howard Gonser, Vice President Dan Williams, Secretary

Wayne Jacobson, Treasurer Connie Karp, Director

President Howe called the Regular Session to order at 6:00 p.m. The following individuals were present during the Regular Session: Counsel: James Foster NWCPUD Staff: General Manager Roger Kline; Principal Engineer/Chief Innovation Officer Paul Titus; Operations & Engineering Manager Pat Morehart; Chief Financial Officer/Director of Finance & Enterprise Risk Harvey Hall; Corporate Services Director Cyndi Gentry; Key Accounts Manager Justin Brock; Executive Assistant Kathy McBride; Asset/Program Manager Steve Horzynek; Senior Financial Analyst Lana Egbert; Operations Supervisor Ed Ortega; Energy Management Program Manager Travis Hardy; and Network Administrator Robert Casaubon Visitors: Scott Taylor and John Amery There was no one present wishing to provide public comment. There was no one wishing to provide public comment. There were no requests to add or delete items from this evening’s Regular Session Agenda.

There was no Old Business to discuss.

REQUESTS FOR ADDITIONS OR DELETIONS TO AGENDA

PUBLIC COMMENT PERIOD

OLD BUSINESS

NORTHERN WASCO COUNTY PUD REGULAR SESSION MINUTES FEBRUARY 4, 2020 PAGE 2

Items contained in the consent portion of the Agenda includes the following:

• Regular Session Minutes of January 7, 2020

• December Outage Report

• Energy Management/Marketing Report

• Checks/Vouchers

• December Financial Report

• December Write Offs

• Resolution #02-2020 Adopting Rates for Northern Wasco County People’s Utility District, effective on January 1, and May 1, 2020

The Board considered the approval of the February 4, 2020 Consent Agenda. {{{Director Williams moved that the February 4, 2020 Consent Agenda be approved as presented. Director Jacobson second the motion; it was then passed unanimously.}}}

General Manager Roger Kline stated that his memorandum in the Board Packet summarizes the performance of the organization for Quarter 4 and the entire year. The majority of Key Performance Indicators (KPIs) on the Performance Dashboard are shown in green. The few red KPIs are known and understood regarding subsystem performance, which is primarily from a big power outage occurring in Quarter 4 that drove the numbers up. Kline noted that the big take away for him was the vehicle accidents; a total of two. The dollar figure is small, but it is still something that staff takes seriously. Kline stated that the things that matter are safety, efficiency, and effectiveness. Kline stated that he is also proud of the completion of work orders, service orders, and tree orders, which Chief Financial Officer/Director of Finance & Enterprise Risk Harvey Hall will be addressing. These all continue to be outstanding. Hall called on Senior Financial Analyst Lana Egbert to update the Board on Clearing Images Services.

CONSENT AGENDA

2019 QUARTER 4 REPORT


Clearing Images Services: Senior Financial Analyst Lana Egbert provided the Board with an update on the services that the District is receiving from Clearing Images Services. The following are some of the highlights of her presentation:

• The District began using a portion of this service last year when customer service began processing checks.

• The process created the ability for staff to scan customer checks received by mail and in the District’s drop box.

• The new process updated the customers’ accounts as being paid and would create a spreadsheet of the scanned checks.

• Finance would then manually verify that all checks were correct. Staff would then process the checks for depositing.

• Prior to this process, Customer Service Representatives would enter the checks manually into the customer’s account. Finance would add the received checks using a 10-key calculator, a reconciliation would then be completed prior to having the money deposited into the District’s bank account.

• On Monday, February 6th the District went live giving staff the ability to transmit our files electronically. All checks are now scanned, which creates one file that is electronically sent to the District’s bank for deposit. Customer Service Representatives who open the mail will now scan the check, which gets posted to the customer’s account.

• All checks that are scanned are endorsed on the back.

• The scanned checks are then stored in the vault for 60 days to ensure that staff has paper documentation to review and to adjust the deposit, if necessary.

• The electronic images are also being saved onsite.

• The scanned checks will be destroyed 60 days after processing.

• Last week staff processed a total of 750 checks.

• The last two days, staff has processed 319 checks electronically.

• The new process is saving staff significant time.

• The Federal Reserve will verify the checks that are being sent electronically to them; it takes the local bank out of the process.

• Staff feels this has resulted in a huge process improvement for the Finance and Customer Services Departments.

Some discussion occurred regarding the scanning and electronic transfer of customer checks after questions were raised by members of the Board of Director and General Counsel.


General Manager Roger Kline noted that the software service is hosted elsewhere; the check images do not live within the District’s system. Hall stated that Loomis is now only picking up cash for deposit into the District’s bank account. Financial Review of 2019: Chief Financial Officer/Director of Finance & Enterprise Risk Harvey Hall presented a PowerPoint Presentation entitled “2019 Financial Review”. A copy of said PowerPoint Presentation is hereto attached and marked as Exhibit 1. Some highlights of Hall’s presentation are as follows:

• A 10 year, $10 million borrowing credit facility with Cashmere Valley Bank.

• In July 2019, the District drew down $6 million of the credit facility at 2.75% in the first five years and 3.05% in the second five years.

• In 2019, the District used $3.4 million of the $6 million loan.

• The District carried over to 2019, $2.5 million from the 2016 Bond. The District used that $2.5 million in addition to the $3.4 million for capital expenditures in 2019.

• A new Financial Policy was adopted in 2019.

• The District updated our Cost of Service by implementing a 3.8% rate increase effective in May 2020, and an updated District Delivery Charge effective on January 1, 2020, all of which was passed by the Board of Directors. The rates will be finalized this evening.

• The District’s Net Income in 2019 is $1,393,703. A total of $538,000 was charged against our revenue due to two assets; the Electric Vehicle Charging Station ($12,000), and the Upgrade of the Electrical System at The Dalles Marina, ($526,000). These expenses come as a deduction to the District’s income. The District needed to recognize those expenses.

• Total capital expenses during 2019 was $6,419,094. Director Williams raised a question regarding who is required to do maintenance of the new electrical system at The Dalles Marina. General Manager Roger Kline replied that the conversation and decision that was made is that the District upgrade the electrical system to code to ensure safety, and then transfer those assets to the Port of The Dalles who will then be required to maintain those assets. The District will manage the system as we do in the rest of the electrical system.


Director Williams asked another question regarding the unbilled revenue in December that was not included in the December financials. He asked if the unbilled revenue will change the net income during the audit process. Hall stated that it will. Staff is waiting on some information from the month of January to make that calculation. Hall continue with his 2019 Financial Review.

• Hall went over the pie graphs shown in his PowerPoint Presentation, which shows the sources of revenues from 2018 and 2019. The actual revenues received in 2018 is $36,358,206 of which 56% represents retail revenues received from the District’s primary customer; and $49,339,470 in 2019 of which 67% was from our primary customer.

• Hall then showed the difference in the pie graphs for the actual revenues received in 2018, as compared to the 2020 Budget Retail Revenue at $58,765,625 of which 75% represents revenues received from the District’s primary customer.

• The revenue growth over the last couple of years is beginning to grow due to the District’s primary customer. They are becoming a bigger part of the District’s revenue pie. That is something that we need to be aware of, something to keep in mind. We manage the risk; it is referred to as customer concentration. Staff manages it through our contracts, agreements, reserves, and through our rates.

Some discussion occurred regarding the projected growth in revenue and load after several questions were raised by members of the Board of Directors. Staff is anticipating growth going up through 2021 and then flattening out. This has been built into the District’s Long-Term Financial Plan. The expense pie charts shown in the PowerPoint Presentation were reviewed and discussed at this time. Hall noted the following during the remainder of his presentation:

• As the District’s retail revenue grows, so does the cost of purchased power.

• City fees are around $1.3 million in 2018; $1.4 million in 2019; and staff is forecasting $1.8 million in fees during 2020. The City of Dufur get about $30,000 of the anticipated fee during 2020, with the balance going to the City of The Dalles.

• Work orders are opened when a job is in process. When the job has been completed, the work order is closed out.


• The following shows the number of work orders closed in the specified year: ➢ 2019, 270 work orders. ➢ 2018, 236 work orders. ➢ 2012, 164 work orders.

• As of today, there are approximately 99 work orders that are still open.

• Back in 2012 there were a total of 1,421 work orders still opened. In 2016 a lot of these work orders were closed out.

• In 2019 a total of $4.6 million in assets were put on the District’s books; $3.1 million in assets were added in 2018; and $226,000 in assets were added in 2012.

• Major projects that were accomplished included: ➢ Mill Creek Rebuild - $1,368,561 ➢ Downtown Feeder - $893,779 ➢ The Dalles Marina - $974,669 ($528,000 to the Port of The Dalles) ➢ AMI (Automated Metering Infrastructure - $258,941.18 (A portion of this

project was closed in 2019; there is still ongoing work into 2020.)

• In 2009, the District had 52.2% of useful life left in its assets.

• In 2015, the District had 43.2% of useful life left in its assets.

• In 2019, there is now 53.6% of useful life in the District’s assets.

• The average benchmark for useful life is 50% bottom line, and 70% top line.

• The District has made a lot of investments over the last four years.

Some discussion occurred upon the conclusion of Hall’s presentation.

Review and Discussion of the Reserve Section of the Financial Policy: Chief Financial Officer/Director of Finance & Enterprise Risk Harvey Hall presented a PowerPoint Presentation entitled “2020 Reserve Review”. A copy of said PowerPoint Presentation is hereto attached and marked as Exhibit 2. Some highlights from Hall’s presentation are as follows:

• As per the District’s policy, staff does a recalculation on District reserves.

• Reserves that are reviewed and recalculated annually includes the following: ➢ Working Capital ➢ Contingency & Emergency ➢ Hydro ➢ Rate Stabilization ➢ Capital

NEW BUSINESS


➢ Market Security

• Working Capital Reserve: ➢ The Working Capital Reserve is 16% of the budgeted operations

expenses, not including purchased power. ➢ There is currently $3 million in the Working Capital Reserve.

• Contingency & Emergency Reserve: ➢ There is currently $1 million in the Contingency & Emergency Reserve.

• Hydro Reserve: ➢ The Hydro Reserve is budgeted at 100% of the hydro’s operating budget. ➢ The District’s operating expense comes to about $2 million. ➢ There is currently $1 million in the Hydro Reserve.

• Rate Stabilization Reserve: ➢ The Rate Stabilization Reserve is set for $3 million. ➢ There currently is $4.6 million in the reserve.

• Capital Reserve: ➢ District staff measures for 2% of the current year plant and service, which

is about $2 million. ➢ The Capital Reserve currently has $1 million in the reserve.

• Market Security Reserve: ➢ There currently is $3.5 million in the Market Security Reserve.

• The District would need an additional $1.1 million more for the recalculation of our policy than what we currently have in our reserves.

• The District’s policy drives what is budgeted in the reserves. The reserve levels could be amended by the Board through an amendment of the Financial Policy.

• The District’s total reserves are at $19,986,706.

• The total reserves do not include the funds in the District’s checking accounts; General Fund and McNary accounts.

• The District’s checking accounts amounted to $6 million at year end. This included $1.6 million in matured securities, which needed to be moved over to the Local Government Investment Pool (LGIP).

• Hall is recommending that the District hold off on sweeping over any funds from the checking accounts since a chunk of load that staff was anticipating was not realized. The District has sufficient cash and reserves on hand.

• Hall is not recommending any change in District reserves until funds are available.

• Once the funds are available, staff recommends increasing the Working Capital Reserve from $3 million to $3.6 million, and the Capital Reserve from $1 million to $2 million.

• The District is currently spending around $2.5 million per month on purchased power.

• The District needs to maintain enough working cash to cover the cost of purchasing power.

• This fall Hall would like the Board to consider a Purchased Power Reserve.


• Currently the Working Capital Reserve does not include purchased power. It may be something for the District to consider.

Discussion occurred throughout Hall’s presentation after questions were raised by members of the Board of Directors and General Counsel. Questions raised pertained to the use of the Rate Stabilization, and Contingency and Emergency Reserve funds, the effect to the reserves if a significant amount of assets were added to the District’s books, and when does the District get to a point when we have enough reserves to begin buying down debt and not borrowing any additional money. Hall stated that the reserves are recalculated every year. When the District’s financial conditions change in the future, a discussion can occur to determine how well we can fund our debt, and what is the capacity for the District to carry debt and meet our obligations. The District carries very little debt from what we make. Hall noted that we do not want the District’s debt to be too high. The District’s debt to equity ratio is still around 30%; like size utilities that have generation assets are usually around 45% to 50%. Director Williams commented that in 2012 the District defeased some debt when we should have been paying the debt off on schedule and investing in our capital assets. Hall noted in closing that the District has insurance coverage for both The Dalles and McNary Hydroelectric Fishway Plants. The District’s current insurance carrier, Liberty, extended the insurance policy through February 15, 2020. The insurance policy from Marsh becomes effective on February 15th. The premium was around $180,000, which is an additional cost of $45,000. The amount of coverage is the same; the sub limits are close; the property deductible went from $25,000 to $250,000; and the business interruption went from 20 day to 30 days. Hall stated that the coverage is for one year. In the meantime, staff will be looking at other ways to make it a smoother process; it is a chance to shop around. Jeff Griffin from Wilson-Heirgood Associates worked very hard to assist the District in obtaining this insurance. Director Williams requested that Executive Assistant Kathy McBride prepare a letter of appreciation for the Board of Director’s signature to be sent to Jeff Griffin thanking him for all his work on assisting the District in obtaining insurance for the hydro plants.


Presentation on Hybrid/Heat Pump Water Heater (HPWH) Purchase & Installation Program: Energy Management Program Manager Travis Hardy presented information pertaining to the District’s Hybrid/Heat Pump Water Heater (HPWH) Purchase & Installation Program. A flyer was shown to the Board which advertises the program. A copy of said Flyer is hereto attached and marked as “Exhibit 3. Some highlights of Hardy’s presentation are as follows:

• The District is partnering with General Pacific and Great Northwest Installations on the Hybrid/Heat Pump Water Heater Project.

• General Pacific is offering a program where they will sell the Hybrid/Heat Pump Water Heaters to District customers for the cost of $475.

• The District will receive a monthly invoice from General Pacific with a list of installed units and customer names.

• The District will pay the water heater rebates directly to General Pacific at $600 per unit installed, eliminating customer paperwork.

• A radio ad for the District’s Hybrid/Heat Pump Water Heater Program began running today. A Spanish ad will also run. The ad was played for members of the Board at this time.

• In addition to flyers, bill inserts and radio ads, a half page ad will be published in The Dalles Chronicle promoting the program.

• The Hybrid/Heat Pump Water Heater has a 10-year warranty.

• The installation of the heat pump water heater can run between $500 to $1,000.

• District staff is not promoting Great Northwest Installations as the only company able to install the hybrid/heat pump water heaters.

• A total of 43 heat pumps have been installed since the District began the rebate program.

Oregon People’s Utility District Association: There was no report for the January Oregon People’s Utility District Association Board Meeting since the meeting was cancelled due to weather conditions. Miscellaneous: General Manager Roger Kline stated that there are several additional documents provided in the Board Packet, which are the Automated Metering Infrastructure (AMI) Update, an article from The Wall Street Journal entitled “PG&E: Wired to Fail”, and a memorandum from Kline regarding income qualified expenditures. Director Gonser

BOARD REPORTS / ITEMS FROM BOARD MEMBERS


inquired about the District’s income qualified expenditures at his one-on-one meeting with Kline. Kline’s memorandum addresses the benefits that are offered to the community. Director Gonser had one comment regarding the income qualified information provided in Kline’s memorandum. He felt it would be helpful to include the total amount budgeted for the year for income qualified programs. November 2020, Board Meeting Date: ***It was the consensus of the Board of Directors to reschedule the November Regular Session Board Meeting from Tuesday, November 3, 2020 until Tuesday, November 10, 2020 due to the NEMS, NESC, NIES Annual Board Meeting.*** Report from General Counsel: General Counsel James Foster reported on the Law Seminar International Conference entitled “Annual Electric Power in the West”, which he recently attended in Seattle, Washington. Foster stated that it was an excellent conference. The conference addressed electric vehicles, the energy imbalance market, wind power and pump storage. February 5, NRU Board Meeting – Connie Karp, Howard Gonser, Roger Howe, Dan Williams and Wayne Jacobson

February 5, PPC Forum – Connie Karp, Howard Gonser, Roger Howe, Dan Williams and Wayne Jacobson

February 6, PPC Executive Committee – Connie Karp, Howard Gonser, Roger Howe, Dan Williams and Wayne Jacobson

February 20, Lobby Day – Connie Karp, Howard Gonser, Roger Howe, and Dan Williams

February 21, OPUDA Board Meeting – Connie Karp, Howard Gonser, Roger Howe, Dan Williams and Wayne Jacobson

March 4, PPC Forum – Howard Gonser, Roger Howe, Dan Williams and Wayne Jacobson

March 5, PPC Executive Committee – Connie Karp, Howard Gonser, Roger Howe, and Dan Williams

March 20, OPUDA Board Meeting – Connie Karp, Howard Gonser, Roger Howe, Dan Williams and Wayne Jacobson

May 17-20, NWPPA Annual Conference – Connie Karp, Howard Gonser, Roger Howe, Dan Williams and Wayne Jacobson

July 28-29, NWPPA Electric Utility Fundamentals – Wayne Jacobson

APPROVAL OF FUTURE MEETINGS/TRAVEL/OR RELATED MATTERS


There being no further business the meeting adjourned at 7:37 p.m. ___________________________________ President ATTEST: _____________________________ Secretary

1

2019 FINANCIAL REVIEWHighlights: Financial Operations –

• New $10M 10 Year Borrowing Credit Facility with Cashmere Valley Bank• $6M Draw at 2.75% in first 5 years and 3.05% in second 5 years

• $3.4M used in 2019

• New Financial Policy

• Updated Cost of Service with a 3.8% Rate update and an updated District Delivery Charge update passed by the Board

• 2019 Net Income of $1,393,703

• 2019 Capital Expenses $6,419,094

1 of 8

Kathy-McBride

Typewritten Text

EXHIBIT 1

2

2019 FINANCIAL REVIEWHighlights: Financial Operations – Revenue 2018 Actuals vs. 2019 Actuals

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2018 Retail Rev. $36,358,206 2019 Retail Rev. $49,339,470

3

2019 FINANCIAL REVIEW

Highlights: Financial Operations – Revenue 2019 Actuals vs. 2020 Budget

Single Phase,

9,168,201 , 16%

Three Phase,

1,187,094 , 2%

Demand, 3,381,441 , 6%

Primary, 44,278,817 , 75%

Irrigation,

198,413 , 0%

Street/Yard Light,

551,659 , 1%

2020 Budget Retail Revenue

3 of 8

2019 Retail Rev. $49,339,470 2020 Retail Rev. $58,765,625

4


Highlights: Financial Operations – Expense 2018 Actuals vs. 2019 Actuals

4 of 8

2018 Expenses $44,912,377 2019 Expenses $50,118,391

5


Highlights: Financial Operations – Expense 2019 Actuals vs. 2020 Budget

5 of 8

2019 Expenses $50,118,391 2020 Expenses $60,444,686

6


Highlights: Capital Investment in 2019

• Work Orders closed –• 2019: 270 work orders vs. 2018: 236 and 2012: 164• 2019: $4.6M vs. 2018: $3.1M and 2012: $226K

• Major Projects• Mill Creek Rebuild - $1,368,561• Downtown Feeder - $893,779• Marina - $974,669 + ($528,000 to the Port of TD)• AMI - $258,941.18

• Portion closed in 2019 – still ongoing work into 2020

6 of 8

7


Highlights: Capital Investments in 2019• Net Asset = Percent of useful life left of Assets.

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Total Assets 60,264,489$ 61,763,951$ 62,531,211$ 63,543,464$ 64,366,355$ 63,623,928$ 66,272,657$ 84,620,047$ 86,196,580$ 90,550,031$ 98,866,930$

Net Assets 31,456,729$ 31,383,667$ 30,377,234$ 29,536,363$ 28,715,490$ 28,095,284$ 28,602,522$ 43,287,000$ 44,167,985$ 46,618,782$ 53,039,290$

% Not Depreciated 52.2% 50.8% 48.6% 46.5% 44.6% 44.2% 43.2% 51.2% 51.2% 51.5% 53.6%

7 of 8

8


Questions

8 of 8

Proposed Policy Currently in Reserve

Working Capital 3,600,000 3,000,000

16% of Budgeted Ops Ex less Purchased Power 3,611,373

Contingency & Emergency 1,000,000 1,000,000

Set at $1,000,000 1,000,000

Hydro 2,100,000 1,000,000

Hydro O&M (TD) 2020 Budget 1,235,586

Hydro O&M (MCN) 2020 Budget 829,483

Rate Stabilization 3,000,000 4,600,000

Set Minimum at $3,000,000 3,000,000

Capital 2,000,000 1,000,000

2% of Current Year Plant in Service 1,977,339

Market Security 3,500,000 3,500,000

3,500,000

Policy vs.

Current

Total Committed Reserves 15,200,000$ 14,100,000$ (1,100,000)$

Reserve Policy Calculations

2020 Reserve Review

Kathy-McBride

Typewritten Text

EXHIBIT 2

2020 Reserve ReviewRestricted Reserves: Total Current Reserves Staff Recommended

Rate Stabalization Fund 4,600,000 4,600,000

2016 Bond Reserve Fund 796,175 796,175

Construction Funds - Borrowed 2,815,371 2,815,371

Total Restricted Reserves 8,211,546$ 8,211,546$

Committed Reserves:

Working Capital 3,000,000 3,600,000

Contingency 1,000,000 1,000,000

Hydro Operations 1,000,000 1,000,000

Capital 1,000,000 2,000,000

Market Security 3,500,000 3,500,000

OPEB Liability 303,676 303,676

Customer Deposits 3,899,444 3,841,634

2016 Bond Debt Service 342,500 -

Total Committed Reserves 14,045,620$ 15,245,310$

Total Reserves: 22,257,166$ 23,456,856$

Uncommitted Reserves: (2,270,460)$ (3,470,150)$

Current vs.

Recommended

Total Reserves: 19,986,706$ 19,986,706$ -$

Committed Reserve changes -$ Source: Uncommitted Reserves

No Change to Reserves until funds available

• Staff will follow up with the Board when funds for reserve changes are available.

• Once Funds available Staff proposes the following changes to Reserves

• Increase Working Capital Reserve to $3,600,000

• Increase Capital Reserve to $2,000,000

Consideration for a Purchased Power Reserve this Fall

• Working Capital only provides for funding operations excluding purchased power

• Currently the District spends about $2.5M per month on purchased power.

• From the time the District pays for the power to the time it collects is about 25 days.

• In 2020 the District is budgeting $3.2M per month on purchased power.

• The District needs to be able to fund this purchase out of working cash for at least 25 days before customers pay for it.

• As customer energy usage increases the cost of purchased power that the District will cover over that 25 days will increase. (we just hit a new record of 138.9aMW on 1/15/20)

• The District will need to consider a Reserve mechanism that will cover funding needs as purchased power costs increase in the future.

• Staff will be bringing a proposal this Fall to consider a Purchased Power Reserve.

NWCPUD and General Pacific are excited to

announce a new partnership for 2020!

✓ No rebate applications to complete

✓ Streamlined on-line ordering process

✓ Free delivery to all NWCPUD customers

✓ Installation available from Great Northwest Installations, LLC (CCB# 218317)

or visit www.nwascopud.org for more information

http://www.nwascopud.org/

http://www.nwascopud.org/

Kathy-McBride

Typewritten Text

EXHIBIT 3

31-Jan-20

Time & Duration

Date Address/Location Cause T off T on Mins # Out Cust Min

1/2/2020 1608 E 13th

Customer called in reporting flickering lights.

Crew responded and check with the "beast",

checked connections at the pole, transformer,

and weatherhead. Found no issues on PUD

side.

1/2/2020 7:00 1/2/2020 7:30 30 0 0

1/4/2020 1608 E 13th

Installed "Beast" test equipment and checked

all connections at the meter base and no

problem was found. Replaced the meter and

service worked as it should.

1/4/2020 15:20 1/4/2020 17:15 115 1 115

1/5/2020 1608 E 13th

Issue same as reported on 1/4/2020. Removed

tape from transformer connections and found a

bad connector. Replaced and reconnected

connector and re-energized the service.

1/5/2020 16:05 1/5/2020 17:15 70 1 70

1/11/2020 1815 Liberty Way

See notes from previous outage for crew work to

isolate the large number of affected customers.

The crew then repaired the downed lines and

restored power to the remaining two customers.

1/11/2020 10:20 1/11/2020 15:00 280 2 560

1/11/2020 1815 Liberty Way

Cause of outage was at 1815 Liberty Way. A

tree fell over a single phase primary line

causing the main breaker on the Scenic Feeder

to open. Crews isolated the downed primary

line and reenergized the main breaker to bring

1483 customers back online.

1/11/2020 10:45 1/11/2020 13:20 155 1485 230175

1/28/2020 802 Chenowith St

Fuse broke on center phase transformer. Fuse

and sizes were checked, fuses were replaced

with appropriate size fuse for the transformer

size. One of the cutouts was also replaced, and

the other 2 should be replaced in the next few

weeks.

1/28/2020 10:30 1/28/2020 11:30 60 4 240

CustomersGeneral Information

Outage Report

Energy Efficiency Program Summary

Incentive Payments and Credits

Month: January 2020 Fiscal Year: BPA FY20

Efficiency

Incentives BPA EEI

Program Incentives Pd Credits Rec'd Paid FYTD Credit FYTD

Heat Pump Incentive Pd. -$3,000 -$15,700

Heat Pump Credit $2,100 $8,500

Heat Pump Contractor Pmts

Water Heaters Incentive Pd. -$1,200 -$2,400

Water Heaters Credit $1,200 $2,400

Weatherization Incentive Pd -$4,176 -$17,519

Weatherization Credit $1,983 $10,041

Appliances Incentive Pd -$450 -$1,560

Appliances Credit $180 $540

Comm. Lighting Incentive Pd -$1,320 -$6,649

Comm. Lighting Credit $1,320 $6,944

CFL, LED, And SH Incentive Pd

CFL, LED, and SH Credit

Energy Smart Grocer (ESG) Pd

BPA FY18 Total Credit*

Income Qualified Weatherization Pd -$36,361 -$169,047

Income Qualied Weatherization Credit $25,415 $103,952

Income Qualified Admin Credit

Irrigation Incentive Pd

Irrigation Credit

Admin Credit

Custom Projects Credit $142,243

Totals -$46,507 $32,198 -$212,874 $274,619 21.9%

Jan-20 Net Incentives Paid -$14,309

BPA rate period Max Credit Amount - Budget $1,253,050

BPA rate period Max Credit - Budget Remaining $978,430 78.1%

Work Completed in Jan-20

2/25/2020 Copy of 2020-01 YTD EE Report FY Summary


Incentive Payments and Credits

Month: January 2020 Fiscal Year: BPA FY20

Incentives BPA EEI

Program Incentives Pd Credits Rec'dEst. kWh Savings

per Year Paid FYTD Credit FYTD

Heat Pump Incentive Pd. -$3,000 6,108.7 -$15,700 27,460.7

Heat Pump Credit $2,100 $8,500

Heat Pump Contractor Pmts

Water Heaters Incentive Pd. -$1,200 2,815.8 -$2,400 5,631.6

Water Heaters Credit $1,200 $2,400

Weatherization Incentive Pd -$4,176 6,139.3 -$17,519 25,458.4

Weatherization Credit $1,983 $10,041

Appliances Incentive Pd -$450 916.8 -$1,560 2,753.5

Appliances Credit $180 $540

Comm. Lighting Incentive Pd -$1,320 8,756.0 -$6,649 37,488.0

Comm. Lighting Credit $1,320 $6,944

CFL, LED, And SH Incentive Pd - -

CFL, LED, and SH Credit

Energy Smart Grocer (ESG) Pd

BPA FY18 Total Credit*

Income Qualified Wx Pd -$36,361 8,679.0 -$169,047 52,957.2

Income Qualified Wx Credit $25,415 $103,952

IncomeQualified Admin Credit

Irrigation Incentive Pd

Irrigation Credit

Admin Credit

Custom Projects Credit - $142,243 905,606.5

Totals -$46,507 $32,198 33,415.6 -$212,874 $274,619 1,057,355.8

Jan-20 Net Incentives Paid -$14,309

BPA rate period Max Credit Amount - Budget $1,253,050

BPA rate period Max Credit Amount - Budget Spent $274,619

BPA rate period Max Credit - Budget Remaining $978,430

** = Total Estimated kWh Savings FYTD are annual savings expected to accrue over the measure life and this report

does not include savings from measures implemented in prior years

Work Completed in Jan-20 Total Est. kWh

Savings per Year

FYTD **

2/25/2020 Copy of 2020-01 YTD EE Report FY Summary kWh

2/25/2020 Northern Wasco County PUD

Energy Efficiency Incentives

FY 2014

Program Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Paid FYTD Credit FYTD

Heat Pump Incentive Pd. -$8,700.00 -$3,000.00 -$1,000.00 -$3,000.00 -$15,700.00

Heat Pump Credit $2,900.00 $3,000.00 $500.00 $2,100.00 $8,500.00

Heat Pump Contractor Pmts $0.00

Water Heaters Incentive Pd. $0.00 $0.00 -$1,200.00 -$1,200.00 -$2,400.00

Water Heaters Credit $0.00 $0.00 $1,200.00 $1,200.00 $2,400.00

Weatherization Incentive Pd -$5,094.25 -$2,495.43 -$5,753.14 -$4,176.00 -$17,518.82

Weatherization Credit $2,378.98 $1,914.38 $3,764.56 $1,983.00 $10,040.92

Appliances Incentive Pd -$375.00 -$165.00 -$570.00 -$450.00 -$1,560.00

Appliances Credit $150.00 $30.00 $180.00 $180.00 $540.00

Comm. Lighting Incentive Pd -$2,129.00 $0.00 -$3,200.00 -$1,320.00 -$6,649.00

Comm. Lighting Credit $2,423.50 $0.00 $3,200.00 $1,320.00 $6,943.50

CFL, LED, And SH Incentive Pd $0.00 $0.00 $0.00 $0.00 $0.00

CFL, LED, and SH Credit $0.00 $0.00 $0.00 $0.00 $0.00

Energy Smart Grocer (ESG) Pd $0.00 $0.00 $0.00 $0.00 $0.00

BPA FY18 Total Credit* $0.00 $0.00 $0.00 $0.00 $0.00

Income Qualified Weatherization Pd -$43,251.84 -$50,366.82 -$39,067.00 -$36,361.00 -$169,046.66

Income Qualified Weatherization Credit $25,787.00 $32,070.00 $20,680.00 $25,415.00 $103,952.00

Income Qualified Admin Credit $0.00 $0.00 $0.00 $0.00 $0.00

Irrigation Incentive Pd $0.00 $0.00 $0.00 $0.00 $0.00

Irrigation Credit $0.00 $0.00 $0.00 $0.00 $0.00

Admin Credit $0.00 $0.00 $0.00 $0.00 $0.00

Custom Projects Credit $0.00 $88,691.21 $53,551.73 $0.00 $142,242.94

Custom Projects Pd. $0.00 -$88,691.21 -$53,551.73 $0.00

Totals -$25,910.61 -$19,012.87 -$21,265.58 -$14,309.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$212,874.48 $274,619.36 21.9%

BPA rate period Max Credit Amount - Budget $1,253,049.85 100.0%

BPA rate period Max Credit Amount - Budget Spent $274,619.36 21.9%

BPA rate period Max Credit - Budget Remaining $978,430.49 78.1%

2/25/2020 Copy of 2020-01 YTD EE Report FY Monthly

2/25/2020 Northern Wasco County PUD

Energy Efficiency Incentives

FY 2014

Program Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Total YTD

HE Heat Pumps 793.3 6,501.2 793.31 850.5 8,938.3

DHP 8,006.1 5,258.2 0.0 5,258.2 18,522.4

Water Heaters / HPWH 0.0 0.0 2,815.8 2,815.8 5,631.6

Weatherization 5,945.1 4,556.4 8,817.6 6,139.3 25,458.4

Appliances 764.1 152.8 919.8 916.8 2,753.5

Comm. Lighting 8,983.7 0.0 19,748.2 8,756.0 37,488.0

CFL, LED & SH 0.0 0.0 0.0 0.0 0.0

Income Qualified Weatherization 14,482.5 17,215.8 12,579.9 8,679.0 52,957.2

Custom Projects 0.0 905,606.5 0.0 0.0 905,606.5

Totals 38,974.8 939,290.8 45,674.6 33,415.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1,057,355.8

*Values are expressed in Estimated kWh savings per year for measures implemented during each month

2/25/2020 Copy of 2020-01 YTD EE Report kWh Savings Monthly


Measure Counts

Month:

Program Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep YTD Total

Heat Pumps 4 3 1 3 11

Water Heaters 0 0 2 2 4

Weatherization 7 5 9 6 27

Clothes Washers 5 1 6 6 18

Dish Washers 0 0 0 0 0

Refrigerators 0 3 4 0 7

Comm. Lighting 2 0 1 1 4

CFL Bulbs 0 0 0 0 0

LED Bulbs 0 0 0 0 0

Shower Heads 0 0 0 0 0

Energy Smart Grocer 0 0 0 0 0

Income Qualified Weatherization11 14 7 10 42

January 2020

2/25/2020 FY Measure Counts

NORTHERN WASCO COUNTY PUD CHECK REGISTER FOR 01/20 PAGE 1PRG. CHKREGTR (CKRA) ACCT 131.20 DESC BANK OF THE WEST GENERAL FUND RUN DATE 02/11/20 12:17 PM

SEQ VOID CHECK BRK DATE VENDOR NAME AMOUNT DESCRIPTION

71129 1/02/20 2190 AMAZON 1,015.30 KEY BOTTLE OPENERS AND LEMONADE RED CARPET RUNNER OSTRICH FEATHERS 2 50PCS 4YR APPLIANCE PROTECTION PLAN AMAZON GIFT CARDS 5 PKS OF BURTS BEES LIP BALM

71130 1/02/20 1883 ANIXTER POWER SOLUTIONS LLC 2,709.00 AMI METER INSTALLS 11/18-11/222

71131 1/02/20 2582 ANSERGY WECC, INC 4,000.00 QRTRLY SUBSCRIPTION 1/2020

71132 1/02/20 2476 ARAMARK UNIFORM CAREER APPAR 75.56 FIRST AID SUPPLIES 12/23/19 FIRST AID SUPPLIES 12/30/19

71133 1/02/20 2576 ATCHLEY, NICHOLAS 231.00 ASSIST MCNARY PROJECT

71134 1/02/20 2104 BIG RIVER MAINTENANCE 1,275.00 LANDSCAPE MAINTENANCE OCT 2019 LANDSCAPE MAINTENANCE NOV 2019 LANDSCAPE MAINTENANCE DEC 2019

71135 1/02/20 379 BISHOP SANITATION INC 177.50 TD HYDRO PORTABLE TOILET MAINT 9268 TREE SRV 11/26/19-12/23/19

71136 1/02/20 2088 BISHOP TOWING 2,107.26 TRUCK MAINTENANCE AND REPAIR

71137 1/02/20 2604 BONNEVILLE BILLING & COLLECT 89.93 EMP DED - BONNEVILLE BILLING & C

71138 1/02/20 2608 BRUNOE, NATHANIEL 231.00 ASSIST MCNARY CREW

71139 1/02/20 99000313 CASCADE MOTORS 604.90 LUBE-OIL FILTER INSPECT TK#14 LUBE-OIL FILTER INSPECT TK#63 LUBE-OIL FILTER INSPECT TK#62 LUBE-OIL FILTER INSPECT TK#6

71140 1/02/20 473 CDW GOVERNMENT INC 1,603.41 APC SMART UPS 750VA 120V LCD COMPRESSED AIR 100 PLUG LOCK INSERTS - SERVERS

71141 1/02/20 1850 CLASS 5 382.97 TD HYDRO HOISTED VOIP-JAN 2020 TD HYDRO PHONE - DEC 2019

71142 1/02/20 1269 COASTAL FARM & HOME SUPPLY 99.99 LNC DUCK BIB

71143 1/02/20 2475 COMMUTE OPTIONS CENTRAL OR 20.00 2020 MEMBERSHIP DUES

71144 1/02/20 1925 DAY WIRELESS SYSTEMS 4,368.00 RENT/TYGH RIDGE 1/01/20-12/31/20

71145 1/02/20 2641 DEPRIEST, STACIE 966.00 WEATHRZTN-DEPRIEST-170 NE MILL

71146 1/02/20 802 FLI LANDSCAPE 200.00 SNO/ICE MANAGEMENT

71147 1/02/20 793 FUTURA SYSTEMS INC 8,306.40 11/2019 BILLING & FLEX SETUP



71148 1/02/20 64 GENERAL PACIFIC INC. 1,299.61 CONN SLV 1/0 BOLTS/D-END/TIE WRAP

71149 1/02/20 66 GONSER, HOWARD 395.63 TRAVEL-SALEM-OPUDA-12/19-12/20

71150 1/02/20 1264 GORDON CONSTRUCTION 3,224.00 WEATHRZTN-FRANKLIN-82662 2ND ST

71151 1/02/20 311 GORGE NETWORKS INC 966.79 OFFC&TD HYD INTERNET 01/01-01/31

71152 1/02/20 665 GREEN HOME CONSTRUCTION 249.75 WEATHRZTN-GILBERT-110NE 5TH ST

71153 1/02/20 302 HATTENHAUER ENERGY CO LLC 106.88 FUEL CHARGES 12/01/19-12/15/19

71154 1/02/20 251 HONALD CRANE SERVICE 600.00 CRANE SERVICE-WO#190119

71155 1/02/20 2121 HOWE, J. ROGER 398.53 TRAVEL-SALEM-OPUDA-12/19-12/20

71156 1/02/20 454 HRA VEBA TRUST 22,765.28 EMP DED - HRA VEBA GRP 1 PRETAX EMP DED - HRA VEBA GRP 1 PRETAX EMP DED - HRA VEBA GRP 2 PRETAX EMP DED - HRA VEBA GRP 2 PRETAX

71157 1/02/20 387 ITRON INC 42,289.29 AMI PROJECT TRAVEL EXPENSES AMI PROJECT IMPLEMENTATION SERVI

71158 1/02/20 2395 JACK HENRY & ASSOCIATES INC 514.70 REMITPLUS NOVEMBER 2019 BILLING

71159 1/02/20 2058 JACOB AIR, LLC 1,000.00 HEATPUMP-BORCLIFT-2325 E 11TH ST

71160 1/02/20 2171 JACOBSON, WAYNE 392.73 TRAVEL-SALEM-OPUDA 12/19-12/20

71161 1/02/20 434 JERRY'S JANITORIAL 1,668.33 JANITORIAL SERVICE DEC 2019

71162 1/02/20 2125 KARP, CONNIE 241.93 TRAVEL-SALEM-OPUDA 12/19-12/20

71163 1/02/20 99001040 LAW SEMINARS INTERNATIONAL 935.00 ELEC POWER LAW SEMINAR

71164 1/02/20 2552 MAGNUM POWER, LLC 56,326.16 DOWNTOWN FEEDER THRU 12/20/19 MILL CREEK SECTION - THRU 12/20/

71165 1/02/20 2291 MAURITSON, DERRICK 231.00 ASSIST AT MCNARY

71166 1/02/20 545 MICHELS POWER 166,256.77 CREW WORK THRU 10/20/19 CREW WORK THRU 11/03/19 CREW WORK THRU 11/24/19 CREW WORK THRU 12/08/19 CREW WORK THRU 12/15/19 CREW WORK THRU 12/22/19 CREW WORK THRU 12/29/19

71167 1/02/20 1714 MID COLUMBIA FISHERIES 18,199.65 YAKIMA RIVER MILE 25 THERMAL



71168 1/02/20 24 MID COLUMBIA MEDICAL CENTER 301.00 EMPLYMENT PHYSICAL & FLU SHOTS

71169 1/02/20 159 MID COLUMBIA UNITED WAY FUND 247.00 EMPLOYEE DONATNS 07/2019-12/2019

71170 1/02/20 2586 MS REALTY 225.00 STAFF APPRECIATION PHOTOGRAPHY

71171 1/02/20 515 NATIONAL RURAL ELECTRIC 602.00 SUBSCRIPTION RURAL ELECTRIC MAG

71172 1/02/20 16 NATIONWIDE TRUST CO FSB 10,442.20 EMP DED - DEFERRED COMP 457B EMP DED - DEF COMP 457B-BRD MEM EMP DED - 457B LOAN

71173 1/02/20 366 NATIONWIDE TRUST CO FSB 26,620.79 EMP BEN EMPLOYER 401K MATCH EMP BEN EMPLOYER 457B MATCH EMP DED - 401K LOAN EMP DED - NATIONWIDE 401K

71174 1/02/20 108 NORTHWEST PUBLIC POWER ASSN 26,391.68 2020 MEMBERSHIP DUES TRAVEL-JK-AK-STAKNG CERT 12/9-13

71175 1/02/20 711 OXARC INC 318.62 HELIUM TANK RENTAL

71176 1/02/20 429 PACIFIC STATES MARINE 1,054.69 SMOLT MONITRNG 11/01/19-11/30/19

71177 1/02/20 1549 PATTI BLAGG PROMOTIONS, DBA 588.43 EMBROIDER LOGO CLOTHING

71178 1/02/20 1179 PEE WEE'S AUTO DETAIL 210.00 FULL DETAIL - TK#13

71179 1/02/20 214 PLATT ELECTRIC SUPPLY INC 842.97 PVC 1 INCH FITTING SCREWDRIVERS/WIRE STRIPPER REPLACEMENT CUTTER BLADES SMALL WIRE CONNECTORS CONN TERM LUG 556.5 2 HOLE CU

71180 1/02/20 99001460 POLEHN, DANIEL 200.00 THERMOSTAT-POLEHN-1316 E 18TH ST THERMOST-POLEHN-1316 E 18TH ST

71181 1/02/20 128 PUBLIC POWER COUNCIL 21,791.00 2020 DUES

71182 1/02/20 2112 RADCOMP COMPUTERS, INC. 2,809.80 SYSTEM SERVICE - HELPDESK OFFICE 365 - DEC

71183 1/02/20 2301 RMG FINANCIAL CONSULTING INC 1,250.00 COUNTERPARTY EVALUATION SERVICES

71184 1/02/20 292 SAWYERS TRUE VALUE 41.16 BATTERIES & GLOVES REFLECTIVE TAPE

71185 1/02/20 431 STAPLES ADVANTAGE 127.08 4X5 BALT CORKBOARD STPLS 1 SUB NB 3PK 100

71186 1/02/20 1813 STATE COLLECTION AND 369.23 EMP DED - NEVADA CHILD SUPPORT



71187 1/02/20 148 THE DALLES CHRONICLE 550.00 GORGE GIVING- NEIGHBOR

71188 1/02/20 479 THE OPTIMIST TRUST 120.00 TDWHS WINTER SPORTS CALENDAR AD

71189 1/02/20 2074 TREES, INC. 9,035.60 TREE TRIMMING THRU 12/14/19

71190 1/02/20 375 U.S. CELLULAR, DBA 80.35 SUBSTATION CELLULAR MODEM

71191 1/02/20 2127 US LINEN & UNIFORM INC 142.52 MAT SERVICE 12/04/19 MAT SERVICE 12/18/19

71192 1/02/20 177 VERIZON WIRELESS 480.12 MONTHLY CHARGE 10.30.19-11.29.19

71193 1/02/20 1317 VERSALIFT NORTHWEST LLC 2,322.00 180 DAY INSPECTION - TK#25 180 DAY INSPECTION - TK#55 SERVICE CALL SERVICE CALL 180 DAY INSPECTION - TK#56 180 DAY INSPECTION - TK#23 180 DAY INSPECTION - TK#29

71194 1/02/20 162 WASCO ELECTRIC COOPERATIVE 50.00 ENDRSBY CUTOFF 11/13/19-12/12/19

71195 1/02/20 164 WESCO DISTRIBUTION INC 1,355.40 CONNECTORS/SPLICE ROD, ANCHOR 3/4" X 8'

71196 1/02/20 743 WILLIAMS, DAN 392.73 TRAVEL-SALEM-OPUDA 12/19-12/20

71197 1/02/20 1345 WORRELL, RILEY J 9,800.00 WEATHRZTN-FRANKLIN-82662 2ND ST

71198 1/02/20 1812 WYOMING CHILD SUPPORT 384.92 EMP DED - WYOMING CHILD SUPPORT

71199 1/02/20 1810 ZE POWERGROUP INC 7,382.29 4 OF 4 01/01/2020-03/31/2020

71211 * 1/09/20 2642 A & E HEATING AND AIR INC. 431.33 WEATHRZTN-REYNOSO-2525 W 8TH #6

71212 1/09/20 3 AFLAC 1,713.51 INSURANCE PREMIUMS - DEC 2019

71213 1/09/20 2190 AMAZON 1,974.31 KAHTOOLA FOOT SPIKES (2) ARIAT FLAME RESISTANT JEANS (4) KAHTOOLA HIKING CRAMPONS INVITATION ENVELOPES, FOOT SPIKE KOLIGHT 12-14" OSTRICH FEATHERS FAKE SNOWBALLS POPCORN MACHINE AND SCOOPS/BOXES ADIROFFICE STEEL SECURE CABINET 2019 FORMS 1099 MISC AND W-2 GOLD DISPOSABLE DESSERT PLATES HOLOGRAPHIC STAR CONFETTI AA BATTERY IN BULK PLASTIC POPCORN BOXES, EXTRA GUM XLARGE DRY ERASE 2020 CALENDAR



RIBBON, FEATHERS, TAPE, LED BLLN KAHTOOLA HIKING CRAMPONS (2) WIRELESS MOUSE, BLUETOOTH EARPC 12' GOLD CONFETTI LATEX BALLOONS

71214 1/09/20 1883 ANIXTER POWER SOLUTIONS LLC 18,454.18 AMI METER INSTALLS 10/18/19 WAREHOUSE STOCK

71215 1/09/20 230 AT&T MOBILITY 158.52 TD HYDRO CHARGES 11/24-12/23

71216 1/09/20 551 BICOASTAL MEDIA LLC 179.00 ADS - HOLIDAY GREETINGS

71217 1/09/20 570 BIO-MED TESTING SERVICE INC 40.00 EMPLOYMENT TEST

71218 1/09/20 20 BOHN'S PRINTING INC 448.94 ADMIN/OFFCE/ENGRG/FA COPIES-DEC

71219 1/09/20 1156 CABLE HUSTON BENEDICT 11,522.19 SEPTEMBER BILLING LEGAL SERVICES REGULATORY REVIEW OF POLE ATTACH

71220 1/09/20 157 CASH & CARRY(UNITED GROCERS) 263.50 WELLNESS AND SUPPLIES WELLNESS ITEMS FOOD - HAMBURGER BUNS

71221 1/09/20 2601 CBL TRAINING & CONSULTING 5,041.02 VIPAR TRAINING

71222 1/09/20 2188 CENTRATEL LLC 366.05 ANSWERING SERVICE DEC

71223 1/09/20 158 CENTURYLINK 55.36 PHONE SERVICE - DEC 2019

71224 1/09/20 2152 CHERRY CITY CRUSH 200.00 2020 DONATION

71225 1/09/20 150 CITY OF THE DALLES 250.45 WATER & SEWER 11/08/19-12/06/19

71226 1/09/20 1269 COASTAL FARM & HOME SUPPLY 234.98 BOOTS

71227 1/09/20 2269 COMMERCIAL TIRE INC 86.50 #57 SNOW TIRE BOLT TORQUE SNOW TIRE CHANGE OVER

71228 1/09/20 99000405 COUSINS RESTAURANT 6,301.80 STAFF APPRECIATION WK - TACOS STAFF MEAL STAFF APPRECIATION - FRUIT TRAY STAFF APPRECIATION BANQUET STAFF MEAL

71229 1/09/20 1803 D HITTLE & ASSOCIATES 8,237.79 ROWEENA FEEDER ENG SERVICES

71230 1/09/20 2402 DAYBREAK CONSTRUCTION 14,845.50 FLAGGING & TRAFFIC CONTROL FLAGGING 08/28/19 FLAGGING FOR WO 190167 FLAGGING & TRAFFIC CONTROL FLAGGING ON WO 180166



FLAGGING 10/01-10/03/19 FLAGGING FOR WO 190227

71231 1/09/20 202 DELL MARKETING LP 5,544.26 TABLET, MONITORS, COMPUTER SUPPL

71232 1/09/20 2469 DIVERSIFICATION, INC 3,194.90 TOOL RAIL ACCESSORIES FOR DESKS

71233 1/09/20 315 EES CONSULTING INC 1,900.00 COSA CONSULTING

71234 1/09/20 679 EPC SERVICES COMPANY 5,800.00 RIVERTRAIL RELAY TESTING

71235 1/09/20 2432 FOUR SEASONS CATERING 144.00 BARTENDERS FOR APPRECIATION BNQT

71236 1/09/20 2408 GOODWIN, ANNA 600.00 HEATPUMP-GOODWIN-1009 PENTLAND

71237 1/09/20 555 GORGE MAIL (A-OK PAK & SHIP) 19.36 SHIPPING - PRODUCT RETURN

71238 1/09/20 665 GREEN HOME CONSTRUCTION 550.00 CONSTRUCT PARTIAL WALL-MAIN LOBB

71239 1/09/20 7 H J ARNETT INDUSTRIES LLC 695.00 WAREHOUSE- 50' MEASURING STICK

71240 1/09/20 345 H2OREGON INC 45.50 (7) 5 GALLONS WATER

71241 1/09/20 302 HATTENHAUER ENERGY CO LLC 142.59 FUEL CHARGES 12/19/19-12/31/19

71242 1/09/20 1284 HORZYNEK, STEVE 981.00 WEATHRZTN-HORZYNEK-718 W 6TH

71243 1/09/20 627 HR ANSWERS INC 322.00 BCKGRND CHCKS LOZANO RISING RUOF

71244 1/09/20 387 ITRON INC 408.94 SFTWARE/HRDWRE MAINT METER EQUIP

71245 1/09/20 2647 JAMES R FOSTER, LLC 12,500.00 FILE #89-0636 GENERAL 12/31/19

71246 1/09/20 186 KLICKITAT COUNTY PUD 1,181.86 TRANSMISSION COSTS -DEC-2019

71247 1/09/20 87 KODL RADIO 250.00 NWPUD NEIGHBR PRGRAM 12/02-12/09

71248 1/09/20 2644 MACNAB, JILL 100.00 SMART THERMO-MACNAB-1015 MT HOOD

71249 1/09/20 2552 MAGNUM POWER, LLC 90,118.33 RETAINAGE ON WO 180165 & 180166

71250 1/09/20 2646 MICHAELS, GENO 747.00 WEATHRZTN-MICHAELS-732 E 18TH

71251 1/09/20 2584 MILL CREEK PLUMBING AND MECH 1,050.00 HPWTRHEATER-REARDON-3564 E 2ND

71252 1/09/20 98 MUNSEN PAVING LLC 500.00 PAVING

71253 1/09/20 1814 NEVADA STATE TREASURER 14.00 WITHHOLDING FEE-RYAN MANCIU Q4

71254 1/09/20 445 NORTHWEST HYDROELECTRIC ASSN 400.00 ANNUAL MEMBERSHIP 2/20-2/21

71255 1/09/20 2108 NW NATURAL 1,445.15 NATURAL GAS 12/03/19-01/06/20



NATURAL GAS 12/03/19-01/06/20

71256 1/09/20 469 OREGON DMV 3.00 DRIVING RECORDS - ONE EMPLOYEE

71257 1/09/20 1416 OS ENGINEERING 14,864.87 IGNITION CUSTOM PACKAGE

71258 1/09/20 711 OXARC INC 22.80 HIGH PRESSURE & COMPLIANCE

71259 1/09/20 2109 PACIFIC NW UTILITIES CONF 2,762.00 ANNUAL MEMBERSHIP DUES

71260 1/09/20 2415 PACIFIC TEST & MEASUREMENT 2,257.03 H2O GAUGE

71261 1/09/20 2553 PIONEER UTILITY RESOURCES 4,781.40 MAGAZIINE & WEBSITE 12/2019

71262 1/09/20 214 PLATT ELECTRIC SUPPLY INC 240.18 PVC SUPPLIES WAREHOUSE STOCK METERING SUPPLIES 8X3/4 PH WAFER TEK

71263 1/09/20 1724 POWER ENGINEERS INC 62,978.71 SERVICES THRU 10/26/2019

71264 1/09/20 2247 POWER MONITORS, INC. 968.00 CANVASS ACCESS/250MB DATA PLAN

71265 1/09/20 2292 QUALITY LIFE INTERGOVERNMENT 450.00 INTERNET SERVICE TD HYDRO

71266 1/09/20 292 SAWYERS TRUE VALUE 83.12 ICE MELT/SPREADER ADAPTERS GALVANIZED HEX BUSHING SECURITY/TAMPER PROOF BIT SET BATTERIES - WAREHOUSE SUPPLIES

71267 1/09/20 792 SEDC 13,830.69 12/2019 SUPPORT & 11/2019 ARISTA

71268 1/09/20 1981 SELECTEMP 7,584.60 RICK P METER CONSULTING RICK P - METER CONSULTING METER & AMI CONSULTING TEMP RICK P - METER CONSULTING

71269 1/09/20 1847 SPARKLE CAR WASH, LLC 42.60 CAR WASHES - DEC

71270 1/09/20 2645 SPRINGSTON, MICHAEL 1,209.00 WEATHRZTN-SPRINGSTON-1400 E 5TH

71271 1/09/20 2059 TERMINIX INTERNATIONAL 142.00 PEST CONTROL 12/18/19

71272 1/09/20 220 THE DALLES AREA 360.00 MEMBERSHIP RENEWAL

71273 1/09/20 148 THE DALLES CHRONICLE 250.00 LETTER TO SANTA 12/21

71274 1/09/20 151 THE DALLES DISPOSAL SERVICE 828.28 GARBAGE 12/01/19-12/31/19

71275 1/09/20 152 THE DALLES IRON WORKS 1,096.90 WIRE SPOOL FOR TOOL BOX



71276 1/09/20 144 THE DALLES NAPA AUTO PARTS 35.97 SUPPLIES FOR TRUCK

71277 1/09/20 2074 TREES, INC. 7,002.59 TREE TRIMMING THRU 12/28/19

71278 1/09/20 177 VERIZON WIRELESS 534.81 MONTHLY CHARGE 11.30.19-12.31.19

71279 1/09/20 48 WAGNER-SMITH EQUIPMENT CO 20.32 TOOL - SKIDDING TONG CREDIT FOR RETURNED SKIDDING TNG

71280 1/09/20 1365 WASCO COUNTY 3,830.52 FUEL CHARGES 12/01/19-12/31/19 FUEL CHARGES 11/01/19-11/30/19

71281 1/09/20 2643 YANGTZE CORPORATION 3,200.00 WATT RDCTN-1465 W 6TH-HOT POINT

71282 1/16/20 2190 AMAZON 479.96 SONY BLUETOOTH HEADPHONES (4)

71283 1/16/20 4 AMERICAN PUBLIC POWER 3,704.33 DEED PROGRAM ANNUAL DUES

71284 1/16/20 698 APOLLO HEATING 1,256.00 HVAC MAINTENANCE/INSPECTION

71285 1/16/20 1909 BROWN & KYSAR INC 3,556.50 ENG. SERVICES ON JOB 190183

71286 1/16/20 99000320 CASTANEDA, ERICK 600.00 APPLIANCE-CASTANEDA-905 MT HOOD

71287 1/16/20 2600 CHAVES CONSULTING, INC 370.20 ORMS MONTHLY SUBS

71288 1/16/20 1850 CLASS 5 382.97 TD HYDRO HOISTED VOIP-FEB 2020 TD HYDRO PHONE - FEB 2020

71289 1/16/20 2267 DIRECTV, LLC 85.24 TV SERVICES 01/04/20-02/03/20

71290 1/16/20 666 DISCOVER RENTALS 315.82 SCISSOR LIFT RENTAL CONCRETE CUTTER RENTAL

71291 1/16/20 594 ESTATE OF WILLIAM L EDDINS 4,200.00 ANNUAL LEASE-STACKER BUTTE 2019

71292 1/16/20 64 GENERAL PACIFIC INC. 14,961.60 AMI METERS

71293 1/16/20 1264 GORDON CONSTRUCTION 3,726.00 WEATHRZTN-RIOS-CALDRN-813 HOSTET

71294 1/16/20 7 H J ARNETT INDUSTRIES LLC 52.86 HOTSTICK MEASURING TAPE FRIEGHT

71295 1/16/20 2121 HOWE, J. ROGER 385.83 TRAVEL-PDX-PPC 01/08-01/09

71296 1/16/20 454 HRA VEBA TRUST 4,142.40 VEBA ER CONTRIBUTIONS EMP DED - HRA VEBA GRP 1 PRETAX EMP DED - HRA VEBA GRP 2 PRETAX

71297 1/16/20 79 I.B.E.W. LOCAL 125 1,437.59 UNION DUES 01/2020

71298 1/16/20 2171 JACOBSON, WAYNE 362.83 TRAVEL-PDX-PPC 01/08-01/09



71299 1/16/20 2125 KARP, CONNIE 94.30 TRAVEL-PDX-PPC 01/09

71300 1/16/20 2111 METRO OVERHEAD DOOR INC 1,062.00 PREVENT MAINTENANCE ON DOORS

71301 1/16/20 545 MICHELS POWER 3,938.35 CREW WORK THRU 11/03/19 CREW WORK THRU 11/03/19

71302 1/16/20 668 MID COLUMBIA HEALTH 1,100.00 2019 - FESTIVAL OF TREES

71303 1/16/20 2584 MILL CREEK PLUMBING AND MECH 500.00 WEATHRZTN-SWALES-809 W 18TH

71304 1/16/20 366 NATIONWIDE TRUST CO FSB 13,372.69 EMP BEN EMPLOYER 401K MATCH

71305 1/16/20 16 NATIONWIDE TRUST CO FSB 10,324.09 EMP DED - DEFERRED COMP 457B EMP DED - DEF COMP 457B-BRD MEM EMP DED - 457B LOAN

71306 1/16/20 366 NATIONWIDE TRUST CO FSB 13,140.57 EMP BEN EMPLOYER 457B MATCH EMP DED - 401K LOAN EMP DED - NATIONWIDE 401K

71307 1/16/20 2609 NICHOLS, RODGER 1,000.00 RURALITE STORY JAN & FEB 2020

71308 1/16/20 361 PEPSI COLA - THE DALLES 13.74 POP MACHINE

71309 1/16/20 214 PLATT ELECTRIC SUPPLY INC 26.00 LIGHTBULBS (JIM)

71310 1/16/20 2301 RMG FINANCIAL CONSULTING INC 675.00 COUNTERPARTY EVALUATION SERVICES

71311 1/16/20 292 SAWYERS TRUE VALUE 19.98 MISC HARDWARE SUPPLIES

71312 1/16/20 351 SLATER SITES INC 3,150.00 SITE RENT-DUFUR HILL 2020

71313 1/16/20 1813 STATE COLLECTION AND 369.23 EMP DED - NEVADA CHILD SUPPORT

71314 1/16/20 295 THE DALLES FITNESS CLUB 388.90 FITNESS CLUB DUES 12/2019

71315 1/16/20 2074 TREES, INC. 7,352.52 TREE TRIMMING THRU 01/03/20 TREE TRIMMING THRU 12/31/19

71316 1/16/20 1566 US ARMY CORPS OF ENGINEERS 12,620.00 PROCESS EASEMENT FOR TDJFS

71317 1/16/20 566 WASCO COUNTY 6,000.00 FY PARTNER PAYMENT 2019/2020

71318 1/16/20 743 WILLIAMS, DAN 380.09 TRAVEL-PDX-PPC 01/08-01/09

71319 1/16/20 1812 WYOMING CHILD SUPPORT 384.92 EMP DED - WYOMING CHILD SUPPORT

71331 * 1/23/20 2476 ARAMARK UNIFORM CAREER APPAR 75.56 FIRST AID SUPPLIES 01/06/20 FIRST AID SUPPLIES 01/13/20

71332 1/23/20 658 BARRAN LIEBMAN LLP 855.00 CORRESPONDENCE WITH CYNDI & PAT



71333 1/23/20 1045 CENTRAL STATION MONITORING 300.00 FIRE ALARM MONITORING 1/20-12/20

71334 1/23/20 32 CITY OF DUFUR 2,047.24 EXCHANGE OF SERVICE FEE - DEC

71335 1/23/20 33 CITY OF THE DALLES 355,023.61 EXCHANGE OF SERVICE FEE OCT 2019 EXCHANGE OF SERVICE FEE - NOV EXCHANGE OF SERVICE FEE-DEC

71336 1/23/20 1269 COASTAL FARM & HOME SUPPLY 20.00 TACTICAL HEADLAMP

71337 1/23/20 2541 COLUMBIA GORGE TOYOTA 61.20 VEHI TIRE ROTATE AND INSPECT VEHI TIRE ROTATE AND INSPECTION

71338 1/23/20 666 DISCOVER RENTALS 238.30 FORKLIFT RENTAL

71339 1/23/20 793 FUTURA SYSTEMS INC 2,956.40 12/2019 BILLING

71340 1/23/20 66 GONSER, HOWARD 377.20 TRAVEL-PDX-PPC 01/08-01/08

71341 1/23/20 311 GORGE NETWORKS INC 966.79 OFFC&TD HYD INTERNET 0/01-01/29

71342 1/23/20 2650 GORGE TECHNOLOGY ALLIANCE 150.00 GTA ANNUAL MEMBERSHIP DUES

71343 1/23/20 2395 JACK HENRY & ASSOCIATES INC 554.65 REMITPLUS DEC 2019 BILLING

71344 1/23/20 186 KLICKITAT COUNTY PUD 44.89 ACTUAL CHARGES 01/07/2020

71345 1/23/20 1915 KLINE, ROGER 165.00 TRAVEL-PDX-PPC & PNU 01/08-01/10

71346 1/23/20 24 MID COLUMBIA MEDICAL CENTER 220.00 EMPLOYMENT PHYSICAL - RRISING

71347 1/23/20 104 NEWSDATA CORPORATION 1,365.00 CLEARING UP 02/25/20-08/24/20

71348 1/23/20 650 NRECA 10,390.79 INSURANCE PREMIUMS 01/2020

71349 1/23/20 103 NRECA GROUP BENEFITS TRUST 118,585.95 INSURANCE PREMIUMS 01/2020

71350 1/23/20 1176 PAPE MATERIAL HANDLING INC 2,256.38 VEHICLE 52 BRAKE WORK

71351 1/23/20 601 RAGE GRAPHIX & DESIGN INC 12,015.75 75% DEP REQUIRED FOR SUBSTATIONS SIGN MATERIAL

71352 1/23/20 292 SAWYERS TRUE VALUE 60.38 PAINT & SUPPLIES GLOVES

71353 1/23/20 1981 SELECTEMP 5,609.45 RICK P - METER CONSULTING RICK P AMI & METER CONSULTING RICK P AMI & METER CONSULTING

71354 1/23/20 1572 SKYBITZ, INC 586.45 GPS MONTHLY-DEC

71355 1/23/20 722 SOCIETY FOR HUMAN RESOURCE 219.00 ANNUAL DUES SHRM



71356 1/23/20 417 SPECIAL DISTRICTS INSURANCE 32.00 INSURANCE ADDITIONS - AUTO

71357 1/23/20 703 SPECIALTY ENGINEERING INC 2,964.73 OIL SAMPLING XFMR/LTC/REG

71358 1/23/20 431 STAPLES ADVANTAGE 52.42 OFFICE SUPPLIES CLASP & GLUE ENVELOPES

71359 1/23/20 1786 THE DALLES HIGH SCHOOL 230.00 CHOC COVERED CHERRIES OPUDA

71360 1/23/20 144 THE DALLES NAPA AUTO PARTS 39.78 PARKING BREAK HANDLE

71361 1/23/20 2074 TREES, INC. 9,390.00 TREE TRIMMING THRU

71362 1/23/20 155 WILSON HEIRGOOD ASSOCIATES 9,711.00 POL#35P42738 - 7% COMMISSION

71363 1/31/20 231 WASHINGTON STATE DEPARTMENT 2,885.55 4TH QUARTER 2019 INDUSTRIAL INS

71364 1/30/20 469 OREGON DMV 3.00 DRIVING RECORD - 1 EMPLOYEE

TOTAL CHECKS 214 TOTAL AMOUNT 1,458,278.02


SEQ VOID ACH SEQ BRK DATE VENDOR NAME AMOUNT DESCRIPTION

1745 1/06/20 949 BONNEVILLE POWER 1,655,617.00 BPA POWER BILL 11/2019

1746 1/06/20 949 BONNEVILLE POWER 313,538.00 BPA TRANSMISSION BILL 11/2019

1752 * 1/03/20 22 OREGON DEPARTMENT OF JUSTICE 3,211.84 EMP DED - OREGON CHILD SUPPORT

1756 * 1/07/20 904 OREGON DEPARTMENT OF REVENUE 9.38 PAYROLL TAXES

1757 1/07/20 872 IRS 45,208.70 PAYROLL TAXES

1759 * 1/07/20 872 IRS 38.10 PAYROLL TAXES

1760 1/07/20 904 OREGON DEPARTMENT OF REVENUE 12,382.15 PAYROLL TAXES

1761 1/10/20 636 NIES 91,983.40 TRANSALTA MARCH 2020 PREPAY

1762 1/09/20 636 NIES 45,419.00 2020 NIEMS ASSESSMENT/COST RECV

1764 * 1/21/20 2569 THE ENERGY AUTHORITY, INC 1,068.00 REAL POWER LOSS SCHEDULING

1765 1/17/20 1723 CHELAN COUNTY PUD 441,445.60 POWER PURCHASED - CHELAN 12/2019

1766 1/24/20 400 WASHINGTON STATE DEPARTMENT 196.77 USE TAX 12/01/19-12/31/19 GEN

1768 * 1/17/20 22 OREGON DEPARTMENT OF JUSTICE 3,211.84 EMP DED - OREGON CHILD SUPPORT

1769 1/17/20 2316 SEATTLE CITY LIGHT 113,307.50 POWER PURCHASE-SCL 12/31/2019

1770 1/21/20 872 IRS 53,386.92 PAYROLL TAXES

1772 * 1/21/20 904 OREGON DEPARTMENT OF REVENUE 12,870.78 PAYROLL TAXES

1773 1/17/20 2623 AVANGRID RENEWABLES, LLC. 226,920.00 POWER DELIVERY DEC 2019

1774 1/14/20 904 OREGON DEPARTMENT OF REVENUE 70.18 PAYROLL TAXES

1775 1/14/20 872 IRS 391.61 PAYROLL TAXES

1776 1/30/20 22 OREGON DEPARTMENT OF JUSTICE 3,211.84 EMP DED - OREGON CHILD SUPPORT

1777 1/29/20 2429 OREGON DEPARTMENT OF REVENUE 1,176.55 Q4 2019 Transit tax

1778 1/31/20 2599 WASHINGTON STATE DEPARTMENT 444.50 WASH PAID LEAVE Q4 2019

1785 * 1/10/20 2011 US BANK ONE CARD 8,955.04 VISA CARD PURCHASES 11/17-12/16 VISA CARD PURCHASES 11/17-12/16 VISA CARD PURCHASES 11/17-12/16 VISA CARD PURCHASES 11/17-12/16 VISA CARD PURCHASES 11/17-12/16 VISA CARD PURCHASES 11/17-12/16 VISA CARD PURCHASES 11/17-12/16 VISA CARD PURCHASES 11/17-12/16



VISA CARD PURCHASES 11/17-12/16 VISA CARD PURCHASES 11/17-12/16 VISA CARD PURCHASES 11/17-12/16 VISA CARD PURCHASES 11/17-12/16 VISA CARD PURCHASES 11/17-12/16 VISA CARD PURCHASES 11/17-12/16 VISA CARD PURCHASES 11/17-12/16 VISA CARD PURCHASES 11/17-12/16 VISA CARD PURCHASES 11/17-12/16 VISA CARD PURCHASES 11/17-12/16 VISA CARD PURCHASES 11/17-12/16

TOTAL DRAFTS 23 TOTAL AMOUNT 3,034,064.70

GRAND TOTAL 237 GRAND TOTAL AMOUNT 4,492,342.72

PGM. CHECKREG BILLING CHECK REGISTER RUN DATE 02/11/20 01:44 PM NORTHERN WASCO COUNTY PUD PAGE 1

CHECK CHECK CHECK PAID UNDEV VOID MBRSEP NAME NUMBER CHECK AMT DATE TYPE DATE CODE CODE

69213-001 AUSTIN TAMMI 71200 156.53 10920 SG 69285-001 BAUCOM NAOMI E 71201 98.39 10920 SG 11520 7308-001 DURAN HILDA & ROCKY 71202 229.50 10920 SG 11320 43229-001 HERZBERG ELLEN 71203 126.51 10920 SG 11420 68961-001 KES CASSANDRA M 71204 6.30 10920 SG 11420 65944-002 LEY ZOE C 71205 79.25 10920 SG 11320 68474-001 MANSFIELD TREVOR DILLON 71206 24.06 10920 SG 37104-001 MILLER ROBERTA J 71207 98.06 10920 SG 11520 63426-002 PAULL MEGAN 71208 60.64 10920 SG 11320 69686-001 SHEPPARD TRISTAN A 71209 65.22 10920 SG 11420 47561-001 WILHELM FRANCENE J 71210 69.41 10920 SG 12220 59972-002 CHENEY KALEEN D 71320 18.68 12320 SG 13020 68532-001 KIM KYLE C 71321 66.41 12320 SG 68274-001 KLEIN SCOTT 71322 45.26 12320 SG 61919-001 MCBEE KALEY & JAMES 71323 227.65 12320 SG 12820 59892-005 OLDFIELD SHEILA/JEFFREY 71324 114.43 12320 SG 13020 68822-001 PANDORA'S BOX #2 71325 75.90 12320 SG 69059-001 PICKETTE ANNABETH KATHLEEN 71326 98.66 12320 SG 69035-001 SCHROLLER MASON 71327 108.44 12320 SG 12820 69467-001 SPRATT NICHOLAS J 71328 215.00 12320 SG 67726-002 STAHL KELSI A 71329 107.25 12320 SG 13020 69018-001 WALSH DAVID H 71330 122.90 12320 SG

TOTALS 22 2214.45

NORTHERN WASCO COUNTY PUD CHECK REGISTER FOR 01/20 PAGE 1PRG. CHKREGTR (CKRA) ACCT 131.40 DESC BANK OF THE WEST MCNARY OP FUND RUN DATE 02/11/20 11:51 AM


8381 1/03/20 2593 DEZURIK APCO HILTON 6,180.00 VACUUM BREAKER REPLACEMENT

8382 1/10/20 647 A-1 INDUSTRIAL HOSE & SUPPLY 1,509.70 GASKETS/HOSE PIECES WASHERS/NUTS/ALL THREAD HEX NUTS HEX NUTS

8383 1/10/20 230 AT&T MOBILITY 75.66 MCNARY HYDRO 11/24-12/23

8384 1/10/20 169 EASTERN OREGON TELECOM LLC 383.28 INTERNET TELEPHONE SERVICE 01/20

8385 1/10/20 2183 INSIGHT SERVICES, INC. 190.00 OIL TEST SAMPLES-MCN HYDRO

8386 1/10/20 329 NORCO INC 10.54 NITROGEN/HELIUM COMPRESSED

8387 1/10/20 445 NORTHWEST HYDROELECTRIC ASSN 400.00 ANNAUL MEMBERSHIP 2/2020-2/2021

8388 1/10/20 214 PLATT ELECTRIC SUPPLY INC 8.61 CADDY ROD LOCK

8389 1/17/20 1969 JIMMYS JOHNS PORTBLE TOILETS 240.00 PORTABLE TOILETS 12/01-12/31

8390 1/24/20 647 A-1 INDUSTRIAL HOSE & SUPPLY 551.74 WELDING CONES

8391 1/24/20 2576 ATCHLEY, NICHOLAS 165.00 ASSIST MCNARY PROJECT

8392 1/24/20 324 SMITTYS ACE HARDWARE 9.98 BLACK SILICONE ADHESIVE

8393 1/31/20 231 WASHINGTON STATE DEPARTMENT 1,394.17 4TH QUARTER 2019 INDUSTRIAL INS

TOTAL CHECKS 13 TOTAL AMOUNT 11,118.68

NORTHERN WASCO COUNTY PUD CHECK REGISTER FOR 01/20 PAGE 2PRG. CHKREGTR (CKRA) ACCT 131.40 DESC BANK OF THE WEST MCNARY OP FUND RUN DATE 02/11/20 11:51 AM


VOID 1758 1/07/20 872 IRS 493.34

1767 * 1/24/20 400 WASHINGTON STATE DEPARTMENT 634.67 USE TAX 12/01/19-12/31/19 MCN

1771 * 1/21/20 872 IRS 697.96 PAYROLL TAXES

1779 * 1/10/20 107 NORTHERN WASCO COUNTY PUD 289.96 12/2019 MCN ONE-CARD PURCHASES

1786 * 1/07/20 872 IRS 493.35 PAYROLL TAXES CORRECTION PAYROLL TAXES

TOTAL DRAFTS 5 TOTAL AMOUNT 2,115.94

GRAND TOTAL 18 GRAND TOTAL AMOUNT 13,234.62

NORTHERN WASCO COUNTY PUD FOR THE MONTH ENDING January-2020

2020 2019 NO. OF CUSTTHIS MONTH YTD YTD THIS MONTH

1. SINGLE PHASE SERVICE 17,095,556 17,095,556 16,766,737 9,516 4. THREE PHASE SERVICE 1,738,586 1,738,586 1,661,168 456 5. DEMAND SERVICE 6,166,405 6,166,405 5,521,842 170 6. PRIMARY SERVICE 57,510,746 57,510,746 54,386,764 13 8. IRRIGATION 7,309 7,309 11,282 53 9. PUBLIC STREET LIGHTING 34,445 34,445 39,124 2 11. SECURITY LIGHTS & OTHER MISC. 80,459 80,459 84,241 n/a

12. TOTAL 82,633,506 82,633,506 78,471,158 10,210

ENERGY GENERATED, PURCHASED, AND INTERCHANGED 2020 2019THIS MONTH YTD YTD

Generation for station use (kWH)The Dalles Scheduled Net Generation (excluding station use) 3,720,000 3,720,000 1,786,000The Dalles Actual Net Generation (excluding station use) 3,943,130 3,943,130 2,732,895Generation Imbalance: The Dalles bought/(sold) (223,130) (223,130) (946,895)McNary Scheduled Net Generation (excluding station use) 1,400,000 1,400,000 878,000McNary Actual Net Generation (excluding station use) 1,382,055 1,382,055 899,678Generation Imbalance: McNary bought/(sold) 17,945 17,945 (21,678) Environmental Displacement McNary 0 0 0

Purchased energy: Bonneville Power Administration - PF 44,297,326 44,297,326 44,887,182

Load Shaping 17,965,929 17,965,929 15,878,631Energy Shaping Services (6,905,280) (6,905,280) (3,968,876)

Bonneville Power Administration - Short Term Rate 705,312 705,312 661,416 Non-Federal Resources 24,384,000 24,384,000 22,320,000 Diversified ARHWM

Total purchases and generation 0 85,567,287 0

Disposition of energy generated and purchased:

Total sales of electric energy 0 86,353,506 0

Energy used by electric utility (excluding station use) 0 69,842 0.

Total energy accounted for 0 86,423,348 0

Total energy losses--Distribution 0 2,119,939 0Total Line Loss % 2.48%

Energy generated and purchased 0 88,543,287 0

MONTHLY FINANCIAL AND OPERATING REPORT

KWH SOLD

ELECTRIC ENERGY STATEMENTNORTHERN WASCO COUNTY PUD

January-2020

BPA KWH Report 2020 2/19/2020 - 4:53 PM

MARKET VALUE YIELD MATURITY

136.8 LOCAL GOV'T POOL $21,024,717.34 2.2500 RATE CHANGES DAILY

TOTAL LOCAL GOV'T POOL 21,024,717.34$ 2.2500

136.83 CORPORATE DEBT

Westpac Banking Corp 1,000,410.00$ 2.150 3/6/2020

TOTAL CORPORATE DEBT 1,000,410.00$ 2.150

136.00 TOTAL INVESTMENTS 22,025,127.34$

RESTRICTED RESERVES: Rate Stabilization Fund 4,600,000$ 2016 Bond Reserve Fund 796,175$ Construction Funds-2016 Bonds 173,120$ LOC- Cashmere 2,640,394.21$ TOTAL RESTRICTED RESERVES 8,209,689$

COMMITTED RESERVES: Working Capital 3,000,000$ Contingency & Emergency Preparedness 1,000,000$ Hydro 1,000,000$ Capital Imprv & Major Capital Projects 1,000,000$ Market Security & Collateral 3,500,000$ OPEB Liability Reserve Fund 303,676$ Customer Deposits and Interest 3,940,545$ 2016 Bond Debt Service 342,500$

TOTAL COMMITTED RESERVES 14,086,721$

UNCOMMITTED RESERVES (271,283)$

TOTAL INVESTMENTS 22,025,127$

INVESTMENT BALANCE 1/31/2020

INVEST 2020.01 2/19/2020 - 5:05 PM

* * * NORTHERN WASCO PUD * * *STATEMENT OF NET POSITION

For Period Ending

Current Year Last YearCurrent month Current monthY-T-D Amount Y-T-D Amount

ASSETS AND OTHER DEBITS

PROPERTY ACCOUNTS:

ELECTRIC PLANT 95,192,453.67 88,299,961.05CONSTRUCTION WORK IN PROGRESS 3,127,984.01 2,471,969.72

TOTAL PROPERTY 98,320,437.68 90,771,930.77LESS: DEPRECIATION & AMORTIZATION (45,185,734.66) (44,145,734.40)

DEPRECIATED COST OF UTILITY PLANT 53,134,703.02 46,626,196.37INVESTMENT & FUND ACCOUNTS:OTHER INVESTMENTS-BOND RESERVES 370,000.00 26,250.00FISHERIE'S MITIGATION TRUST FUND 1,346,148.30 1,803,379.03

TOTAL INVESTMENTS & FUND ACCOUNTS 1,716,148.30 1,829,629.03

CURRENT & ACCRUED ASSETS:

CASH 4,478,369.15 899,918.57US BANK TRUST, 2012 BOND FUND - MCNARY 899.69 1,267.59US BANK TRUST, 2016 BOND FUND - -TEMPORARY INVESTMENTS-GENERAL FUND 21,655,127.34 23,568,299.03ACCOUNTS RECEIVABLE CUSTOMERS 6,647,945.59 5,670,003.85LESS RESERVE (101,995.86) (98,878.64)ACCOUNTS REC. CUSTOMER - NET 6,545,949.73 5,571,125.21UNBILLED REVENUE 991,361.11 991,361.11OTHER ACCTS & NOTES REC. - NET 476,543.47 503,860.80MATERIALS & SUPPLIES 930,055.07 831,528.29PREPAYMENTS 739,210.78 672,983.41OTHER CURRENT & ACCRUED ASSETS 6,592.17 (12,097.87)

TOTAL CURRENT & ACCRUED ASSETS 35,824,108.51 33,028,246.14

DEFERRED DEBITS:CLEARING ACCOUNTS 38,307.00 -OTHER DEFERRED DEBITS - -DEFERRED OUTFLOWS OPEB 76,062.00 80,122.00PS & I - MCNARY 2,815.00 2,815.00AMORT OF DEBT EXPENSES - -BPA CONTRIBUTION TO MCNARY PROJECT 9,192,431.77 10,829,315.80

TOTAL DEFERRED DEBITS 9,309,615.77 10,912,252.80

TOTAL ASSETS & OTHER DEBITS 99,984,575.60 92,396,324.34

January 31, 2020

NWBS Balance Sheet 1.31.20 2/19/2020 - 4:31 PM

* * * NORTHERN WASCO PUD * * *STATEMENT OF NET POSITION

For Period Ending

Current Year Last YearCurrent month Current monthY-T-D Amount Y-T-D Amount

January 31, 2020

LIABS & EARNED SURPLUSLONG-TERM DEBT:BONDS PAYABLE 2012A 6,910,000.00 7,520,000.00BONDS PAYABLE 2012B - 925,000.00BONDS PAYABLE 2016 REVENUE 11,145,000.00 11,475,000.00TD HYDRO - CONTRACTS PAYABLE - -UNAMORTIZED PREMIUM - 2012 BONDS 681,098.36 822,015.32UNAMORTIZED PREMIUM - 2016 BONDS 1,047,841.34 1,095,651.62LOC - CASHMERE VALLEY BANK 2019 4,955,151.71 -CAPITAL LEASE NON-CURRENT LIAB - -

TOTAL LONG-TERM DEBT 24,739,091.41 21,837,666.94

CURRENT AND ACCRUED LIABILITIES:

CURR PORTION LT DEBT 1,865,000.00 1,805,000.00ACCOUNTS PAYABLE 6,383,449.99 3,764,098.44ACCRUED 190 CONTRACT FEES 129,382.09 123,042.30CUSTOMERS DEPOSITS 3,766,987.63 3,855,587.25ACCRUED VACATION & SICK LEAVE 457,773.71 425,143.30ACCRUED INTEREST 169,591.39 152,953.46OTHER CURRENT & ACCRUED LIABILITIES 679,603.23 135,066.53

TOTAL CURRENT & ACCRUED LIABILITIES 13,451,788.04 10,260,891.28DEFERRED CREDITS:

ADVANCES ON CONSTRUCTION - -BPA CRC & ECA PROGRAMS (32,197.93) (50,373.72)FISHERIE'S MITIGATION TRUST FUND 1,346,148.70 1,802,734.64POST RETIREMENT HEALTH PLAN 1,022,154.23 1,102,163.63DEFERRED CREDITS INFLOW OPEB 57,616.00 -PTP TRANSMISSION RESALE 49,190.40 -CONTRIBUTIONS IN AID OF CONSTRUCTION 2,914,598.94 2,208,443.17

TOTAL DEFERRED CREDITS 5,357,510.34 5,062,967.72

SURPLUS AND INVESTMENT ACCOUNTSEARNED SURPLUS:

BALANCE FIRST OF YEAR 56,359,531.12 54,978,252.87NET INCOME 1,111.30 181,002.14MISC. DEBITS & CREDITS -

BALANCE AT END OF PERIOD 56,360,642.42 55,159,255.01INVESTMENT OF MUNICIPALITY 75,543.39 75,543.39

TOTAL SURPLUS & INVESTMENTS 56,436,185.81 55,234,798.40

TOTAL LIABILITIES & EARNED SURPLUS 99,984,575.60 92,396,324.34

NWBS Balance Sheet 1.31.20 2/19/2020 - 4:31 PM

1 Months = 8.3%

Current Year Current % of BudgetTotal Budget Y-T-D Amount to Current YTD

REVENUESSales - Single Phase Service 9,168,201.12$ 1,121,743.14$ 12.2%Sales - Three Phase Service 1,187,094.00 120,392.23 10.1%Sales - Demand Service 3,381,440.76 343,916.91 10.2%Sales - Primary Service 44,278,817.16 2,918,775.04 6.6%Sales - Irrigation 198,413.40 2,646.78 1.3%Sales - Street Lights 551,658.84 34,253.33 6.2%Sales - Pure Power 3,350.04 255.00 7.6%Sales - Energy Unbilled - - 0.0%Transmission Wheeling 73,785.60 10,754.00 14.6%Revenue from T.D. Hydro - - 0.0%Service Charges 99,999.96 7,638.17 7.6%Pole Contact Rents 110,000.04 9,237.44 8.4%CIAC - Revenue - - 0.0%Interest Income 519,000.00 34,636.89 6.7%Other Non-Operating Income-TD Hydro 450,000.00 - 0.0%Other Non-Operating Income-McNary - - 0.0%Miscellaneous Income or (Loss) 2,000.04 16,487.80 824.4%Miscellaneous Income or (Loss)-McNary - - 0.0%

Total Revenues 60,023,760.96$ 4,620,736.73$ 7.7%

EXPENSESOperations & Maintenance:

License/Permit Costs - T.D. Hydro 51,500.04$ -$ 0.0%License/Permit Costs - McNary Hydro 46,350.00 - 0.0%Operation/Maintenance - T.D. Hydro 517,742.88 53,229.74 10.3%Operation/Maintenance - McNary Hydro 398,715.60 31,731.16 8.0%Power Purchases 37,803,608.16 2,967,197.91 7.8%Other Power Supply Expense 488,714.28 47,510.68 9.7%Transmission Costs - BPA 5,182,686.00 359,252.00 6.9%Transmission Credits Rivertrail - (7,289.00) 0.0%Transmission Costs - TD Hydro 327,780.72 11,144.89 3.4%Transmission Costs - McNary Hydro 71,547.48 804.00 1.1%Transmission Costs - Non Federal 285,084.24 3,801.00 1.3%Transmission Substation 37,802.52 - 0.0%Transmission Lines 13,338.48 - 0.0%Transmission Reliability 38,913.60 5,305.00 13.6%T & D Joint Use 137,543.88 33,802.97 24.6%Meter Expense 254,763.72 16,312.73 6.4%Misc. Distribution Expense 145,302.96 14,492.27 10.0%Rents 21,000.00 7,685.08 36.6%Distribution Substations 241,597.68 28,028.76 11.6%Overhead Lines 1,111,504.44 72,408.45 6.5%Tree Trimming 767,710.68 59,466.77 7.7%Underground Lines 159,114.96 12,954.45 8.1%Transformers 21,275.16 8,721.08 41.0%Street Lights 41,782.56 53.56 0.1%Maintenance of Misc. Distribution 9,938.40 53.56 0.5%Communications Equipment 3,000.00 50.00 1.7%

2019 COMPARISON - BUDGET vs. ACTUALRevenues and ExpensesAs of January 2020

NWIB Budget VS Actual 01.2020 2/19/2020 - 4:31 PM

1 Months = 8.3%

Current Year Current % of BudgetTotal Budget Y-T-D Amount to Current YTD

2019 COMPARISON - BUDGET vs. ACTUALRevenues and ExpensesAs of January 2020

Total Operations & Maintenance 48,178,318.44 3,726,717.06 7.7%EXPENSES continued

Customers Accounts & Collections:Meter Reading 41,815.20 8,101.80 19.4%Billing & Collections 756,493.68 54,982.10 7.3%Reserve for Uncollectibles 18,000.00 1,500.00 8.3%Interest on Deposits 3,999.96 461.26 11.5%

Total Customer Accounts & Collections 820,308.84 65,045.16 7.9%

Customers Assistance & Sales:Energy Management Programs 99,347.40 13,493.86 13.6%BPA ECA Programs 1,069,583.64 71,700.07 6.7%BPA ECA Credits (622,416.00) (31,948.00) 5.1%Ruralite 60,000.00 4,799.42 8.0%Customer Services 34,607.64 1,997.06 5.8%Advertising 103,163.04 3,645.54 3.5%Wellness 12,466.80 1,101.64 8.8%Economic Development 60,999.96 - 0.0%

Total Customer Assistance & Sales 817,752.48 64,789.59 7.9%

Administrative & General:Office Salaries 2,573,261.04 202,553.33 7.9%Office Expenses 424,889.88 7,534.45 1.8%Outside Services 166,500.12 8,609.70 5.2%Property Insurance 227,200.08 9,159.68 4.0%Insurance & Job Training 31,146.00 539.46 1.7%Employee Benefits 40,729.44 (5,371.83) 0.0%Directors Compensation 494,881.68 27,366.98 5.5%Misc. Expenses, Associations 265,747.20 22,575.34 8.5%Maintenace of General Plant 93,000.00 7,217.29 7.8%

Total Administrative & General 4,317,355.44 280,184.40 6.5%

Other Expenses:Depreciation 2,686,425.60 258,596.31 9.6%Property Taxes 552,041.88 47,715.86 8.6%ORS 190.003 Contract Fees 1,824,999.96 129,382.09 7.1%Social Security Taxes 1.20 - 0.0%Interest on Long-Term Debt 616,125.84 51,179.15 8.3%Debt Expenses (47,810.04) (3,984.19) 8.3%Other Contributed Assets -Other Deductions-McNary - - 0.0%

Total Other Expenses 5,631,784.44 482,889.22 8.6%

Total Expenses 59,765,519.64 4,619,625.43 7.7%

Net Income or (Loss) 258,241.32 1,111.30 0.4%

NWIB Budget VS Actual 01.2020 2/19/2020 - 4:31 PM

Last Year Current Last YearCurrent Month Current Month Y-T-D Y-T-D

Amount Amount Amount Amount

ENERGY SALES

1 SINGLE PHASE SERVICE 1,121,743.14$ 1,106,409.51$ 1,121,743.14$ 1,106,409.51$2 THREE PHASE SERVICE 120,392.23$ 113,158.69$ 120,392.23$ 113,158.69$3 DEMAND SERVICE 343,916.91$ 309,200.71$ 343,916.91$ 309,200.71$4 PRIMARY SERVICE 2,918,775.04$ 2,743,134.86$ 2,918,775.04$ 2,743,134.86$5 IRRIGATION 2,646.78$ 3,205.42$ 2,646.78$ 3,205.42$6 STREET LIGHTING 34,253.33$ 34,285.81$ 34,253.33$ 34,285.81$7 PURE POWER 255.00$ 267.33$ 255.00$ 267.33$8 UNBILLED REVENUE -$ -$ -$ -$

10 TOTAL 4,541,982.43$ 4,309,662.33$ 4,541,982.43$ 4,309,662.33$

OTHER REVENUES

11 TRANSMISSION WHEELING 10,754.00$ 9,652.00$ 10,754.00$ 9,652.00$12 REVENUE FROM THE DALLES HYDRO -$ 58,327.08$ -$ 58,327.08$13 SERVICE CHARGES 7,638.17$ 7,834.24$ 7,638.17$ 7,834.24$14 RENT FROM ELECTRIC PROPERTY 9,237.44$ 8,173.54$ 9,237.44$ 8,173.54$

16 TOTAL OTHER REVENUE 27,629.61$ 83,986.86$ 27,629.61$ 83,986.86$

17 TOTAL OPERATING REVENUE 4,569,612.04$ 4,393,649.19$ 4,569,612.04$ 4,393,649.19$

OPERATING EXPENSES

19 LICENSE/PERMIT COSTS - HYDROS -$ -$ -$ -$21 OPERATION/MAINTENANCE - TD HYDRO 53,229.74$ 60,780.60$ 53,229.74$ 60,780.60$

OPERATION/MAINTENANCE - MCNARY HYDRO 31,731.16$ 30,032.23$ 31,731.16$ 30,032.23$22 POWER PURCHASES 2,967,197.91$ 2,720,315.58$ 2,967,197.91$ 2,720,315.58$

OTHER POWER SUPPLY EXPENSE 47,510.68$ 39,500.06$ 47,510.68$ 39,500.06$23 TRANSMISSION COSTS - BPA 359,252.00$ 325,678.75$ 359,252.00$ 325,678.75$

TRANSMISSION CREDIT RIVERTRAIL (7,289.00)$ -$ (7,289.00)$ -$TRANSMISSION COSTS - TD HYDRO 11,144.89$ 11,949.67$ 11,144.89$ 11,949.67$TRANSMISSION COSTS - MCNARY HYDRO 804.00$ 1,519.00$ 804.00$ 1,519.00$TRANSMISSION COSTS - NON FEDERAL 3,801.00$ 13,990.00$ 3,801.00$ 13,990.00$

25 TRANSMISSION - O&M 5,305.00$ 6,636.05$ 5,305.00$ 6,636.05$26 DISTRIBUTION - O&M 254,029.68$ 152,138.14$ 254,029.68$ 152,138.14$27 CUSTOMER ACCOUNTS & COLLECTION 65,045.16$ 48,094.20$ 65,045.16$ 48,094.20$29 SALES PROMOTION 3,645.54$ 5,017.32$ 3,645.54$ 5,017.32$31 ADMINISTRATIVE & GENERAL 280,184.40$ 298,085.13$ 280,184.40$ 298,085.13$33 WEATHERIZATION & CONSERVATION 53,245.93$ 36,621.74$ 53,245.93$ 36,621.74$35 CUSTOMER INFO/ASSISTANCE 6,796.48$ 6,540.06$ 6,796.48$ 6,540.06$36 WELLNESS 1,101.64$ 1,080.77$ 1,101.64$ 1,080.77$

38 TOTAL OPERATING EXPENSES 4,136,736.21$ 3,757,979.30$ 4,136,736.21$ 3,757,979.30$

***NORTHERN WASCO PUD***MONTHLY FINANCIAL & OPERATING REPORT

January 01, 2020 - December 31, 2020January 2020

NWOP & NWIS Monthly FinOpRep 01.31.20 2/19/2020 - 4:32 PM

Last Year Current Last YearCurrent Month Current Month Y-T-D Y-T-D

Amount Amount Amount Amount

***NORTHERN WASCO PUD***MONTHLY FINANCIAL & OPERATING REPORT

January 01, 2020 - December 31, 2020January 2020

1 TOTAL OPERATING REVENUE 4,569,612.04$ 4,393,649.19$ 4,569,612.04$ 4,393,649.19$

3 TOTAL OPERATING EXPENSE 4,136,736.21$ 3,757,979.30$ 4,136,736.21$ 3,757,979.30$4 DEPRECIATION 258,596.31$ 226,812.59$ 258,596.31$ 226,812.59$6 TAXES 177,097.95$ 168,587.37$ 177,097.95$ 168,587.37$

8 TOTAL OPER. REV. DED. 4,572,430.47$ 4,153,379.26$ 4,572,430.47$ 4,153,379.26$

9 OPERATING INCOME (LOSS) (2,818.43)$ 240,269.93$ (2,818.43)$ 240,269.93$

OTHER INCOME

11 MISC. NON-OPERATING REVENUE 51,124.69$ 40,159.37$ 51,124.69$ 40,159.37$

12 TOTAL OTHER INCOME 51,124.69$ 40,159.37$ 51,124.69$ 40,159.37$

13 GROSS INCOME (LOSS) 48,306.26$ 280,429.30$ 48,306.26$ 280,429.30$

INCOME DEDUCTIONS

14 INTEREST ON LONG TERM DEBT 51,179.15$ 45,084.27$ 51,179.15$ 45,084.27$15 OTHER DEDUCTIONS -$ -$ -$ -$16 OTHER CONTRIBUTING ASSETS -$ -$ -$ -$17 AMORT. OF DEBT EXPENSE (3,984.19)$ (3,984.19)$ (3,984.19)$ (3,984.19)$

19 TOTAL INCOME DEDUCTIONS 47,194.96$ 41,100.08$ 47,194.96$ 41,100.08$

NET INCOME (LOSS) 1,111.30$ 239,329.22$ 1,111.30$ 239,329.22$

NWOP & NWIS Monthly FinOpRep 01.31.20 2/19/2020 - 4:32 PM

12 Months = 8.3%.

2020 Budget Actual %WORK-IN-PROGRESS Construction Work-in-Progress 12/31/19 $2,844,363 Construction Work-in-Progress for 2020 includes hydro $124,081 Retirement Work-in-Progress $7,732

PLANT CONSTRUCTION Transmission: Transmission Substation $65,000 $0 0.0% Transmission Towers & Fixtures $0 $0 0.0% Transmission Pole Replacement $0 $0 0.0%

Distribution: Substation $2,499,415 $0 0.0% Pole Replacements $656,000 ($2,217) -0.3% Overhead Additions $607,478 ($655) -0.1% Underground Additions $242,279 $4 0.0%

Transformer Additions $128,750 ($354) -0.3% Service Additions $63,654 $702 1.1% Meter Replacements $160,000 ($1) 0.0% Security/Yard Lights $45,619 $1,798 3.9% Street Lights & Additions $92,299 $0 0.0% Structures & Improvements-Office $0 $0 0.0% The Dalles Hydro Additions $445,000 $0 0.0% McNary Hydro Additions $285,000 $0 0.0% Total Plant Construction $5,290,494 ($723) 0.0%

EQUIPMENT: Office $120,000 ($2,511) 0.0% Computer Hardware & Software $19,400 $0 0.0% Vehicles/Power Equipment $300,000 ($23,962) -8.0% Tools/Lab Equipment $15,965 $14,885 93.2% Communications Equipment $0 $0 0.0% Total Equipment $455,365 ($11,588) -2.5% Total Plant & Equipment $5,745,859 ($12,311) -0.2%

SPECIAL PROJECTS:The Dalles Exciter started 2018 $0 $0 0.0%The Dalles Exciter $0 $0 0.0%Workspace Remodel started 2018 $0 $0 0.0%Workspace Remodel $0 $0 0.0% Total Special Projects $0 $0 74.9%

DEBT REQUIREMENTS: Bonds (principal) $27,500 0.0% Total Debt Requirements $0 $27,500 0.0%

TOTAL CAPITAL EXPENDITURES $5,745,859 ($12,311) -0.2%

2020 COMPARISON - BUDGET vs. ACTUALCapital Expenditures

January-20

CapitalBudget VS Actual 1.31.20 2/19/2020 - 5:03 PM

AccountNumber

ClosingDate

Last Payment Balance

59972001 11/11/19 09/02/19 179.80$

57592005 11/12/19 09/12/19 110.17$

60479008 11/14/19 10/01/19 175.19$

53949004 11/01/19 10/16/19 38.40$

66364002 11/21/19 09/06/19 173.78$

62260003 11/26/19 10/17/19 131.16$

57572002 11/14/19 08/22/19 124.10$

67367001 11/21/19 10/04/19 69.48$

69648001 11/21/19 09/25/19 126.26$

65940001 11/25/19 11/19/19 108.73$

67635001 11/08/19 09/03/19 78.40$

65242001 11/04/19 08/01/19 172.34$

63531005 11/20/19 06/26/19 271.57$

60257001 11/13/19 10/23/19 226.38$

66136002 11/25/19 09/13/19 175.37$

2,161.13$

Commercial Accounts

Total Commercial -$

Total Write-Offs 2,161.13$

2020 2019 2018

January 2020 Write-Offs 2,161.13$ 1,310.40$ 1,282.93$

Total Write-Offs to date: 16,370.30$ 15,164.74$ 3,410.50$

Less: Credit Collections to date (1,591.04)$ (11,641.05)$ (3,992.61)$

NET WRITE-OFFS TO DATE: 14,779.26$ 3,523.69$ (582.11)$

Total Write-Offs to date as a percent of revenue to date: 0.0091 0.0008 0.0010

Credit Bureau's share of collections to date: -$ -$ -$

January 2020 Write-Offs

Page 1 of 1

MEMORANDUM

NORTHERN WASCO COUNTY PEOPLE’S UTILITY DISTRICT

DATE: March 3, 2020 TO: Directors Gonser, Howe, Karp, Jacobson & Williams FROM: Paul Titus, Principal Engineer & Strategic Asset Planner SUBJECT: Tygh Valley Substation Construction

Background

On December 3, 2019 Northern Wasco County People’s Utility District regular scheduled board

meeting, the Contract Review Board approved a motion to award the Construction Services for Tygh

Valley Substation to Tice Electric for $1,477,930.00, on approval of contract terms found to be

satisfactory by General Counsel and the General Manager, with the condition of the District

obtaining an easement for a substation from KW Ranch LLC.

The District was unable to come to terms for obtaining an easement from KW Ranch LLC and will

be rebuilding Tygh Valley Substation at the existing site.

Recommendation

After conferring with General Counsel that the scope of work would not change with rebuilding on

the existing site and Tice Electric attesting to the original bid amount of $1,477,90.00, rebidding

would not be required.

Staff recommends approval of Resolution #03-2020 to award Construction Services for Tygh Valley

Substation to Tice Electric for $1,477,930.00, on approval of contract terms found to be satisfactory

by General Counsel and the General Manager.

PAGE 1 - RESOLUTION

NORTHERN WASCO COUNTY PEOPLE’S UTILITY DISTRICT

IN THE MATTER OF AWARD ) CONSTRUCTION SERVICES FOR ) R E S O L U T I O N TYGH VALLEY SUBSTATION TO ) #03-2020 TICE ELECTRIC ) WHEREAS, Northern Wasco County People’s Utility District Tygh Valley Substation is

identified to be reconstructed; and

WHEREAS, Northern Wasco County People’s Utility District issued an Invitation to Bid on

September 30, 2019 for construction services of the Tygh Valley Substation; and

WHEREAS, Tice Electric was the lowest responsive bid at $1,477,930.00.

NOW, THEREFORE, BE IT RESOLVED: That the Northern Wasco County People’s Utility

District Contract Review Board award Construction Services for Tygh Valley Substation to Tice Electric

for $1,477,930.00, on approval of contract terms to be satisfactory to General Counsel and the General

Manager.

Be it enacted by the Northern Wasco County People’s Utility District this 3rd day of March 2020.

NORTHERN WASCO COUNTY PEOPLE'S UTILITY DISTRICT ____________________________________ President ____________________________________ Secretary

MEMORANDUM NORTHERN WASCO COUNTY PEOPLE’S UTILITY DISTRICT

TO: Directors Howe, Gonser, Jacobson, Williams and Karp FROM: Harvey Hall, Chief Financial Officer – Director of Finance and ERM DATE: March 3, 2020 SUBJECT: 2016 Bond Arbitrage Rebate and Yield Restriction Compliance Report Issue: In 2016, Northern Wasco County PUD took out an Electric System Revenue Bond. The proceeds of the bond were used by the District for capital projects and were tax-exempt giving the District a low interest rate. A requirement for using tax-exempt bonds is an external audit of how and when the funds were used and invested. The audit focused on determining if the investment income related to the bond proceeds were in excess of the arbitrage rate (2.875335%) creating a Federal tax obligation. The attached compliance report (Schedule A) determined that the bond proceed investment yield for the period of October 20, 2016 to October 20, 2019 was less than the arbitrage rate resulting in no tax liability for the District. There will be future audits for the balance of the 2016 Bond investments and the 2019 tax-exempt funds for the Line of Credit with Cashmere Valley Bank. Board Action: No Action – this is for information only

Financial Analysis & Services Group

7 WORLD TRADE CENTER

250 GREENWICH STREET

NEW YORK, NY 10007-2442

PHONE: 212-820-9400

FAX: 212-514-8425

WEBSITE: WWW.HAWKINS.COM

FEBRUARY 21, 2020

NEW YORK• LOS ANGELES• SAN FRANCISCO • SACRAMENTO • WASHINGTON, D.C. • HARTFORD • NEWARK • PORTLAND • ANN ARBOR

$11,790,000 NORTHERN WASCO COUNTY PEOPLE’S UTILITY DISTRICT

ELECTRIC SYSTEM REVENUE BONDS

SERIES 2016

ARBITRAGE REBATE AND YIELD RESTRICTION

COMPLIANCE REPORT FOR THE INTERIM PERIOD

OCTOBER 20, 2016 THROUGH OCTOBER 20, 2019

New York • Los Angeles • San Francisco • Sacramento • Washington D.C. • Hartford • Newark • Portland • Ann Arbor


TABLE OF CONTENTS

Tab

Opinion Letter

Exhibit One: Methodology and Assumptions

Exhibit Two: Compliance Status

Schedules

Summary and Conclusions ......................................................................................... A

Project Account ........................................................................................................... B

Cost of Issuance Account ............................................................................................ C

First Reserve Subaccount – Unrestricted Portion ....................................................... D

Appendices ........................................................................................................................... E

I. Sources and Uses of Funds

II. Bond Yield Analysis

III. Combined Debt Service to Stated Maturity

IV. Combined Production Report

,76,(046,e4 igol..etg)

7 WORLD TRADE CENTER 250 GREENWICH STREET NEW YORK, NY 10007-2442 WWW.HAWKINS.COM

February 21, 2020

Mr. Harvey Hall Chief Financial Officer Northern Wasco County People's Utility District 2345 River Road The Dalles, Oregon 97058

$11,790,000 Northern Wasco County People's Utility District

Electric System Revenue Bonds Series 2016

Arbitrage Rebate and Yield Restriction Compliance Report for the Interim Period

October 20, 2016 through October 20, 2019

Dear Mr. Hall:

At the request of the Northern Wasco County People's Utility District (the "District"), we have prepared the accompanying report (the "Report") regarding the accrued arbitrage rebate liability (the "Rebate Liability") and the accrued yield restriction liability (the "Yield Restriction Liability") of the District with respect to the investment of gross proceeds of the above-referenced obligations (the "Bonds") in nonpurpose investments for the above-referenced interim period (the "Interim Computation Period"). The calculations in the Report have been prepared under the provisions of Section 148(f) of the Internal Revenue Code of 1986, as amended (the "Code"), and the United States Treasury Regulations effective as of July 1, 1993, as amended (the "1993 Regulations" or the "Regulations").

The findings are summarized in Schedule A of the Report. The methodology and assumptions used in determining the Rebate Liability and the Yield Restriction Liability are summarized in Exhibit One of the Report.

Fas # 4459 Matter # 43697 02/21/20 3:59 PM 3421714_1

Mr. Harvey Hall February 21, 2020 Page 2

We have reviewed the following documents and records:

• data provided by the District regarding the investment and expenditure of gross proceeds of the Bonds, including the actual and calculated earnings received on such investments, and the actual or deemed prices received for such investments upon disposition;

• the portions of the Official Statements detailing the terms and redemption provisions of the Bonds;

• the Tax Certificate, including the exhibits thereto, with respect to the Bonds (the "Tax Certificate"); and

• the IRS Form 8038-G with respect to the Bonds.

With the consent of the District, we have relied on, with certain exceptions described in the report, without independent verification, the information that is contained in the above-referenced documents and data and the advice that was provided by the District with respect to such information for the purposes of calculating the Rebate Liability and the Yield Restriction Liability. We express no opinion as to the completeness, accuracy or suitability of such information for such purposes.

Based on and subject to the foregoing, it is our opinion that the methodology used in computing the Rebate Liability and the Yield Restriction Liability is in conformance with the Code and the 1993 Regulations.

The terms of our engagement are such that we have no obligation to update the Report because of events occurring, or data or information coming to our attention, subsequent to the date of the Report.

We are furnishing the Report to the District solely for its benefit. The Report is not to be used, circulated, quoted or otherwise referred to or relied upon for any other purpose or by any other person without our prior written consent.

Very truly yours,

4/#1, Nel op Hawkins Delafield & Wood LLP

Fas # 4459 Matter # 43697 02/21/20 3:59 PM 3421714_1

Methodology and Assumptions Exhibit One, Page 1



1. Purpose of the Bonds: As stated in Section 1.1(D) of the Tax Certificate, the Bonds were

issued to: (i) finance improvements to the District’s Electric System; (ii) pay certain legal and

financing costs of issuance of the Bonds; and (iii) and fund a deposit to a reasonably required

reserve fund for the Bonds. Capitalized terms have the meanings ascribed thereto in the Tax

Certificate

2. Defeasances and Early Redemptions: The District has advised that no portion of the Bonds

has been refunded, redeemed prior to maturity or defeased during the Interim Computation

Period.

3. Bond Year: As stated in to Section 9 of the Tax Certificate, the District has selected each

Bond Year to end on October 20 and on the final redemption date of the Bonds.

4. Prior Rebate or Yield Reduction Payments: The District has advised that no rebate or yield

reduction payment has been made to the United States Treasury Department with respect to

the Bonds.

5. One Issue: As stated in Section 8.1 of the Tax Certificate, the Bonds are a single issue of

bonds for federal income tax purposes.

6. Fair Market Value: Each investment purchased or sold is assumed: (i) to be at fair market

value, (ii) except as specified herein, not to include any brokerage or other acquisition fees,

and (iii) to be an arm's-length transaction which did not reduce the Rebate Liability or the

Yield Restriction Liability with respect to the Bonds.

7. Broker’s Commissions and Sweep Fees: Broker’s commissions, sweep fees, or similar fees

paid in connection with any guaranteed investment contracts or similar investments purchased

with gross proceeds of the Bonds that are treated as administrative expenses are not taken into

account in determining the yield on such investments.

8. Yield Determination: Except as specified herein, all yields are computed on the basis of a

30/360 day year, compounded semiannually. Present values and future values are computed

on the basis of a 30/360 day year with semiannual compounding.

9. Bond Yield:

(a) The Bonds are treated as a fixed yield issue under 1993 Regulations Section 1.148-1(b)

because the yield on the Bonds was fixed and determinable as of the issue date using

the assumptions and rules provided in 1993 Regulations Section 1.148-4(b).

(b) The District has advised that no qualified hedge (as defined in the 1993 Regulations)

has been entered into with respect to the Bonds. Accordingly, no qualified hedge

payments and receipts are taken into account in determining the yield on the Bonds.

(c) The issue price of the Bonds is based on the initial public offering prices and/or yields

set forth in the Official Statement.

(d) No payment for a qualified guarantee (as defined in the 1993 Regulations) has been

made that would affect the yield on the Bonds.




10. Funds and Accounts: Gross proceeds of the Bonds may be or have been held in the following

funds and accounts as described in the Tax Certificate or shown in the records and data we

have reviewed. Each fund or account subject to the rebate and/or the yield restriction

requirements is known as a Gross Proceeds Fund. Certain Gross Proceeds Funds that qualify

as a bona fide debt service fund pursuant to 1993 Regulations Section 1.148-1(b) are known

collectively as part of the Bona Fide Debt Service Fund.

(a) Project Account: Gross Proceeds Fund

(b) Cost of Issuance Account: Gross Proceeds Fund

(c) First Reserve Subaccount: Gross Proceeds Fund

(d) Debt Service Account: Part of the Bona Fide Debt Service Fund or Gross

Proceeds Fund

Except for the foregoing funds and accounts, it is assumed that gross proceeds of the Bonds

are not held during the Interim Computation Period in any other funds and accounts of the

District or its agents.

11. Bona Fide Debt Service Fund: Since the Bonds bear interest at fixed rates, have an average

maturity of more than five years, and were not issued as private activity bonds, the Bona Fide

Debt Service Fund is not taken into account in determining the Rebate Liability pursuant to

Section 148(f)(4) of the Code. For Bond Years for which the Debt Service Account is

determined not to qualify as a Bona Fide Debt Service Fund, such account is taken into

account in determining the Yield Restriction Liability. Based on the data provided by the

District, the Debt Service Account qualifies as a Bona Fide Debt Service Fund during the

Interim Computation Period; therefore, such account is not taken into account in determining

the Rebate Liability and the Yield Restriction Liability.

12. First Reserve Subaccount: As stated in Section 1.2(B) of the Tax Certificate, at no time will

the balance of the First Reserve Subaccount exceed the least of: (i) maximum annual debt

service due on the Bonds; (ii) 125% of average annual debt Service on the Bonds; or (iii) 10%

of the issue price of the Bonds. Such amount is called the reasonably required reserve amount.

Under the Code and the 1993 Regulations: (a) the amount of gross proceeds of the Bonds held

in the First Reserve Subaccount that does not exceed the sum of the reasonably required

reserve amount and the minor portion amount (collectively, the "Unrestricted Portion") is not

subject to yield restriction but is subject to rebate; and (b) the amount in excess of the

Unrestricted Portion (the "Yield Restricted Portion") is subject to yield restriction. For the

purposes of the Report, the First Reserve Subaccount consists of: (i) the First Reserve

Subaccount - Unrestricted Portion; and (ii) the First Reserve Subaccount - Yield Restricted

Portion. Based on the District’s data, the amount of gross proceeds of the Bonds held in the

First Reserve Subaccount does not exceed the Unrestricted Portion for any period longer than

one year during the Interim Computation Period. Based on the foregoing, the amount of gross

proceeds of the Bonds held in First Reserve Subaccount is not subject to yield restriction

during the Interim Computation Period.




13. Expenditures: All amounts withdrawn from the Gross Proceeds Funds are assumed to be

expended for the purposes of the Bonds on the day they are withdrawn and such expenditures

are assumed to involve a current outlay of cash for a governmental purpose of the Bonds.

14. Transferred Proceeds: The District has advised that the Bonds have not been refunded and

the proceeds of the Bonds have not been used to refund any other obligations. Based on

such advice, transferred proceeds are not allocated to the Bonds and proceeds are not

de-allocated from the Bonds during the Interim Computation Period.

15. Six-Month Spending Exception: Pursuant to Section 5.2(B) of the Tax Certificate, proceeds

of the Bonds held in the Project Account and the Cost of Issuance Account are eligible for

this exception under 1993 Regulations Section 1.148-7(c) and, therefore, may be excluded

from the rebate calculation if certain expenditure benchmarks are met. The requirements of

this exception were not met with respect to such proceeds.

16. Eighteen-Month Spending Exception: Pursuant to Section 5.2(C) of the Tax Certificate,

proceeds of the Bonds held in the Project Account and the Cost of issuance Account are

eligible for this exception under 1993 Regulations Section 1.148-7(d) and, therefore, may be

excluded from the rebate calculation if certain expenditure benchmarks are met. The

requirements of this exception were not met with respect to such proceeds.

17. Two-Year Construction Spending Exception: Pursuant to Sections 5.2(D)(1) of the Tax

Certificate and based on the expectations as to construction expenditures described in

Section 5.2(D)(3) of the Tax Certificate, the District expects that the Bonds qualify for the

two-year construction spending exception pursuant to 1993 Regulations Section 1.148-7(e)

and, if certain requirements are met, proceeds of the Bonds held in the Project Fund and the

earnings in the Cost of Issuance Account may be excluded from the rebate calculation for

such spend-down period. The requirements of this exception were not met with respect to

such proceeds.

18. Election to apply Regulations Sections 1.148-3(d)(1)(iv) and 1.148-3(d)(4): To the extent an

election is required to apply such sections of the Regulations with respect to the computation

date credit amount, the District has advised that it has made such election.

Compliance Status Exhibit Two, Page 1



1. As set forth in Schedule A of the Report, no positive Rebate Liability or Yield Restriction Liability accrued as of the interim computation period ending October 20, 2019. No payment is currently due to the United States Treasury Department.

2. Future arbitrage rebate and yield restriction compliance calculations are required. The first arbitrage rebate or yield reduction payment, if any, will be due 60 days after the earlier of: (i) October 20, 2021, (i.e., the end of the fifth Bond Year with respect to the Bonds), or (ii) the final redemption date of the Bonds.

Schedule A

Summary And Conclusions

Transaction Information

Par Amount: $11,790,000

Issuer: Northern Wasco County People's Utility District

Description: Electric System Revenue Bonds,

Description: Series 2016

Dated Date:

Issue Date:

Start of Interim Computation Period:

End of Interim Computation Period:

Rebate Analysis Summary

Bond Yield: 2.875335%

Actual

Invested Actual Over/(Under) Accrued

Rebatable Funds Rate Earnings Invested Liability

Project Account 1.525614% 172,631.64 -1.349721% (159,995.92) [Schedule B1]

Cost of Issuance Account 0.474829% 28.84 -2.400506% (157.53) [Schedule C1]

First Reserve Subaccount - Unrestricted Portion 1.932826% 47,295.90 -0.942509% (23,898.44) [Schedule D1]

Comp Credit 1 10/20/17 (1,670.00) (1,768.13)

Comp Credit 2 10/20/18 (1,700.00) (1,749.23)

Comp Credit 3 10/20/19 (1,730.00) (1,730.00)

All Rebatable Funds 219,956.37 (189,299.25)

Prior Payment - -

(189,299.25)

Yield Restriction Analysis Summary

Bond Yield: (1)

2.875335%

Actual

Invested Actual Over/(Under) Accrued

Yield Restricted Funds Rate Earnings Invested Liability

Cost of Issuance Account 2.287542% 1.28 -0.587793% (0.34) [Schedule C2]

All Yield Restricted Funds 1.28 (0.34)

Prior Payment - -

(0.34)

Payment Requirements

Total Rebate Amount Due To The United States Treasury Department N/A

Total Yield Restriction Amount Due To The United States Treasury Department N/A

Total Amount Due To The United States Treasury Department N/A

Due Date N/A

Notes

100% of Total Rebate Liability Payment

0% of Total Yield Restriction Liability

100% of Total Yield Restriction Liability Payment

(1) The Yield Restriction Liability is calculated based on the Bond Yield. Such liability would be lower if calculated at the materially higher yield.

October 20, 2016

October 20, 2016

October 20, 2016

October 20, 2019

0% of Total Rebate Liability

2/21/2020 9:49 AM 3406974_1 1 of 18

Schedule B1

Project Account

Arbitrage Rebate Calculation

Initial Deposit: $12,004,777.82

Account # 128.30 Interest Total Future Value on Internal

Principal Gains/(Loss) Payments and 10/20/19 Rate of

Cumulative Payments Payments Receipts on @ Bond Yield Return Equals

No Date Description Cash Flow Cash Flow and Receipts and Receipts Investments 2.875335% 1.525614%

1 10/20/16 Deposit 12,004,777.82 12,004,777.82 - - - - -

2 10/20/16 Purchase (12,004,777.82) - (12,004,777.82) - (12,004,777.82) (13,078,250.63) (12,004,777.82)

3 10/31/16 Sell 2,388,309.83 2,388,309.83 2,388,309.83 - 2,388,309.83 2,599,811.09 2,387,200.98

4 10/31/16 Interest 3,000.24 2,391,310.07 - 3,000.24 3,000.24 3,265.93 2,998.85

5 10/31/16 Purchase (3,000.24) 2,388,309.83 (3,000.24) - (3,000.24) (3,265.93) (2,998.85)

6 10/31/16 W/D (2,388,309.83) - - - - - -

7 11/30/16 Sell 885,125.53 885,125.53 885,125.53 - 885,125.53 961,219.97 883,632.09

8 11/30/16 Interest 7,494.40 892,619.93 - 7,494.40 7,494.40 8,138.69 7,481.75

9 11/30/16 Purchase (7,494.40) 885,125.53 (7,494.40) - (7,494.40) (8,138.69) (7,481.75)

10 11/30/16 W/D (885,125.53) - - - - - -

11 12/31/16 Sell 1,159,764.89 1,159,764.89 1,159,764.89 - 1,159,764.89 1,256,477.35 1,156,293.78

12 12/31/16 Interest 6,715.68 1,166,480.57 - 6,715.68 6,715.68 7,275.70 6,695.58

13 12/31/16 Purchase (6,715.68) 1,159,764.89 (6,715.68) - (6,715.68) (7,275.70) (6,695.58)

14 12/31/16 W/D (1,159,764.89) - - - - - -

15 01/31/17 Sell 894,065.09 894,065.09 894,065.09 - 894,065.09 966,319.26 890,260.96

16 01/31/17 Interest 6,612.93 900,678.02 - 6,612.93 6,612.93 7,147.36 6,584.80

17 01/31/17 Purchase (6,612.93) 894,065.09 (6,612.93) - (6,612.93) (7,147.36) (6,584.80)

18 01/31/17 W/D (894,065.09) - - - - - -

19 02/28/17 Sell 1,239,324.73 1,239,324.73 1,239,324.73 - 1,239,324.73 1,336,298.27 1,232,645.70

20 02/28/17 Interest 4,864.96 1,244,189.69 - 4,864.96 4,864.96 5,245.63 4,838.74

21 02/28/17 Purchase (4,864.96) 1,239,324.73 (4,864.96) - (4,864.96) (5,245.63) (4,838.74)

22 02/28/17 W/D (1,239,324.73) - - - - - -

23 03/31/17 Sell 544,785.14 544,785.14 544,785.14 - 544,785.14 586,017.16 541,094.80

24 03/31/17 Interest 5,091.98 549,877.12 - 5,091.98 5,091.98 5,477.37 5,057.49

25 03/31/17 Purchase (5,091.98) 544,785.14 (5,091.98) - (5,091.98) (5,477.37) (5,057.49)

26 03/31/17 W/D (544,785.14) - - - - - -

27 04/30/17 Sell 176,279.03 176,279.03 176,279.03 - 176,279.03 189,170.11 174,870.70

28 04/30/17 Interest 5,111.79 181,390.82 - 5,111.79 5,111.79 5,485.61 5,070.95

29 04/30/17 Purchase (5,111.79) 176,279.03 (5,111.79) - (5,111.79) (5,485.61) (5,070.95)

30 04/30/17 W/D (176,279.03) - - - - - -

31 05/31/17 Sell 148,903.64 148,903.64 148,903.64 - 148,903.64 159,413.09 147,520.82

32 05/31/17 Interest 5,115.69 154,019.33 - 5,115.69 5,115.69 5,476.75 5,068.18

33 05/31/17 Purchase (5,115.69) 148,903.64 (5,115.69) - (5,115.69) (5,476.75) (5,068.18)

34 05/31/17 W/D (148,903.64) - - - - - -

35 06/30/17 Sell 156,228.08 156,228.08 156,228.08 - 156,228.08 166,857.05 154,587.87

36 06/30/17 Interest 4,800.05 161,028.13 - 4,800.05 4,800.05 5,126.62 4,749.65

37 06/30/17 Purchase (4,800.05) 156,228.08 (4,800.05) - (4,800.05) (5,126.62) (4,749.65)

38 06/30/17 W/D (156,228.08) - - - - - -

39 07/31/17 Sell 21,227.91 21,227.91 21,227.91 - 21,227.91 22,618.28 20,977.57

40 07/31/17 Interest 5,484.70 26,712.61 - 5,484.70 5,484.70 5,843.93 5,420.02

41 07/31/17 Purchase (5,484.70) 21,227.91 (5,484.70) - (5,484.70) (5,843.93) (5,420.02)

42 07/31/17 W/D (21,227.91) - - - - - -

43 08/31/17 Sell 470,827.69 470,827.69 470,827.69 - 470,827.69 500,473.44 464,686.32

44 08/31/17 Interest 4,897.99 475,725.68 - 4,897.99 4,897.99 5,206.39 4,834.10

45 08/31/17 Purchase (4,897.99) 470,827.69 (4,897.99) - (4,897.99) (5,206.39) (4,834.10)

46 08/31/17 W/D (470,827.69) - - - - - -

47 09/30/17 Sell 9,824.07 9,824.07 9,824.07 - 9,824.07 10,417.83 9,684.06

48 09/30/17 Interest 4,728.15 14,552.22 - 4,728.15 4,728.15 5,013.91 4,660.76

49 09/30/17 Purchase (4,728.15) 9,824.07 (4,728.15) - (4,728.15) (5,013.91) (4,660.76)

50 09/30/17 W/D (9,824.07) - - - - - -

51 10/31/17 Sell 13,749.06 13,749.06 13,749.06 - 13,749.06 14,545.40 13,535.39

52 10/31/17 Interest 4,711.58 18,460.64 - 4,711.58 4,711.58 4,984.47 4,638.36

53 10/31/17 Purchase (4,711.58) 13,749.06 (4,711.58) - (4,711.58) (4,984.47) (4,638.36)

54 10/31/17 W/D (13,749.06) - - - - - -

55 11/30/17 Sell 35,073.55 35,073.55 35,073.55 - 35,073.55 37,016.82 34,486.24

56 11/30/17 Interest 4,669.32 39,742.87 - 4,669.32 4,669.32 4,928.02 4,591.13

57 11/30/17 Purchase (4,669.32) 35,073.55 (4,669.32) - (4,669.32) (4,928.02) (4,591.13)

58 11/30/17 W/D (35,073.55) - - - - - -

59 12/31/17 Sell 38,679.24 38,679.24 38,679.24 - 38,679.24 40,725.28 37,981.81

60 12/31/17 Interest 5,164.70 43,843.94 - 5,164.70 5,164.70 5,437.90 5,071.57

61 12/31/17 Purchase (5,164.70) 38,679.24 (5,164.70) - (5,164.70) (5,437.90) (5,071.57)

62 12/31/17 W/D (38,679.24) - - - - - -

63 01/31/18 Sell 28,357.43 28,357.43 28,357.43 - 28,357.43 29,786.53 27,810.87

64 01/31/18 Interest 5,506.28 33,863.71 - 5,506.28 5,506.28 5,783.78 5,400.16

65 01/31/18 Purchase (5,506.28) 28,357.43 (5,506.28) - (5,506.28) (5,783.78) (5,400.16)

66 01/31/18 W/D (28,357.43) - - - - - -

67 02/28/18 Sell 92,537.39 92,537.39 92,537.39 - 92,537.39 96,969.92 90,650.43

68 02/28/18 Interest 5,331.43 97,868.82 - 5,331.43 5,331.43 5,586.80 5,222.71

69 02/28/18 Purchase (5,331.43) 92,537.39 (5,331.43) - (5,331.43) (5,586.80) (5,222.71)

70 02/28/18 W/D (92,537.39) - - - - - -

71 03/31/18 Sell 12,762.66 12,762.66 12,762.66 - 12,762.66 13,342.21 12,485.01

72 03/31/18 Interest 6,104.98 18,867.64 - 6,104.98 6,104.98 6,382.21 5,972.17

73 03/31/18 Purchase (6,104.98) 12,762.66 (6,104.98) - (6,104.98) (6,382.21) (5,972.17)

74 03/31/18 W/D (12,762.66) - - - - - -

75 04/30/18 Sell 167,753.57 167,753.57 167,753.57 - 167,753.57 174,954.51 163,903.28

76 04/30/18 Interest 6,169.66 173,923.23 - 6,169.66 6,169.66 6,434.50 6,028.06

77 04/30/18 Purchase (6,169.66) 167,753.57 (6,169.66) - (6,169.66) (6,434.50) (6,028.06)

78 04/30/18 W/D (167,753.57) - - - - - -

79 05/31/18 Sell 237,034.68 237,034.68 237,034.68 - 237,034.68 246,622.13 231,291.35

2/21/2020 9:49 AM 3406974_1 2 of 18

Schedule B1

Project Account


Initial Deposit: $12,004,777.82

Account # 128.30 Interest Total Future Value on Internal




80 05/31/18 Interest 5,948.91 242,983.59 - 5,948.91 5,948.91 6,189.53 5,804.77

81 05/31/18 Purchase (5,948.91) 237,034.68 (5,948.91) - (5,948.91) (6,189.53) (5,804.77)

82 05/31/18 W/D (237,034.68) - - - - - -

83 06/30/18 Sell 1,169,029.19 1,169,029.19 1,169,029.19 - 1,169,029.19 1,213,423.21 1,139,308.01

84 06/30/18 Interest 3,834.22 1,172,863.41 - 3,834.22 3,834.22 3,979.82 3,736.74

85 06/30/18 Purchase (3,834.22) 1,169,029.19 (3,834.22) - (3,834.22) (3,979.82) (3,736.74)

86 06/30/18 W/D (1,169,029.19) - - - - - -

87 07/31/18 Reimbursement 787,841.45 787,841.45 - - - - -

88 07/31/18 Purchase (787,841.45) - (787,841.45) - (787,841.45) (815,816.64) (766,807.31)

89 07/31/18 Interest 5,639.47 5,639.47 - 5,639.47 5,639.47 5,839.72 5,488.90

90 07/31/18 Purchase (5,639.47) (0.00) (5,639.47) - (5,639.47) (5,839.72) (5,488.90)

91 08/31/18 Sell 57,636.20 57,636.20 57,636.20 - 57,636.20 59,540.96 56,026.40

92 08/31/18 Interest 5,528.67 63,164.87 - 5,528.67 5,528.67 5,711.39 5,374.26

93 08/31/18 Purchase (5,528.67) 57,636.20 (5,528.67) - (5,528.67) (5,711.39) (5,374.26)

94 08/31/18 W/D (57,636.20) - - - - - -

95 09/30/18 Sell 668.07 668.07 668.07 - 668.07 688.51 648.62

96 09/30/18 W/D (668.07) - - - - - -

97 09/30/18 Interest 5,349.09 5,349.09 - 5,349.09 5,349.09 5,512.73 5,193.32

98 09/30/18 Purchase (5,349.09) (0.00) (5,349.09) - (5,349.09) (5,512.73) (5,193.32)

99 10/31/18 Sell 106,575.56 106,575.56 106,575.56 - 106,575.56 109,575.06 103,336.78

100 10/31/18 Interest 5,914.17 112,489.73 - 5,914.17 5,914.17 6,080.62 5,734.44

101 10/31/18 Purchase (5,914.17) 106,575.56 (5,914.17) - (5,914.17) (6,080.62) (5,734.44)

102 10/31/18 W/D (106,575.56) - - - - - -

103 11/30/18 Sell 40,013.61 40,013.61 40,013.61 - 40,013.61 41,042.01 38,750.14

104 11/30/18 Interest 5,640.84 45,654.45 - 5,640.84 5,640.84 5,785.82 5,462.73

105 11/30/18 Purchase (5,640.84) 40,013.61 (5,640.84) - (5,640.84) (5,785.82) (5,462.73)

106 11/30/18 W/D (40,013.61) - - - - - -

107 12/31/18 Sell 80,806.09 80,806.09 80,806.09 - 80,806.09 82,685.96 78,152.22

108 12/31/18 Interest 5,792.51 86,598.60 - 5,792.51 5,792.51 5,927.26 5,602.27

109 12/31/18 Purchase (5,792.51) 80,806.09 (5,792.51) - (5,792.51) (5,927.26) (5,602.27)

110 12/31/18 W/D (80,806.09) - - - - - -

111 01/31/19 Sell 128,958.63 128,958.63 128,958.63 - 128,958.63 131,645.16 124,565.44

112 01/31/19 Interest 5,920.60 134,879.23 - 5,920.60 5,920.60 6,043.94 5,718.90

113 01/31/19 Purchase (5,920.60) 128,958.63 (5,920.60) - (5,920.60) (6,043.94) (5,718.90)

114 01/31/19 W/D (128,958.63) - - - - - -

115 02/28/19 Sell 234,850.11 234,850.11 234,850.11 - 234,850.11 239,172.94 226,591.12

116 02/28/19 Interest 5,371.98 240,222.09 - 5,371.98 5,371.98 5,470.86 5,183.06

117 02/28/19 Purchase (5,371.98) 234,850.11 (5,371.98) - (5,371.98) (5,470.86) (5,183.06)

118 02/28/19 W/D (234,850.11) - - - - - -

119 03/31/19 Sell 567,924.36 567,924.36 567,924.36 - 567,924.36 577,003.65 547,189.27

120 03/31/19 Interest 4,051.62 571,975.98 - 4,051.62 4,051.62 4,116.39 3,903.69

121 03/31/19 Purchase (4,051.62) 567,924.36 (4,051.62) - (4,051.62) (4,116.39) (3,903.69)

122 03/31/19 W/D (567,924.36) - - - - - -

123 04/30/19 Sell 6,389.52 6,389.52 6,389.52 - 6,389.52 6,476.24 6,148.70

124 04/30/19 Interest 3,906.61 10,296.13 - 3,906.61 3,906.61 3,959.64 3,759.38

125 04/30/19 Purchase (3,906.61) 6,389.52 (3,906.61) - (3,906.61) (3,959.64) (3,759.38)

126 04/30/19 W/D (6,389.52) (0.00) - - - - -

127 05/31/19 Sell 203,563.05 203,563.05 203,563.05 - 203,563.05 205,835.65 195,634.72

128 05/31/19 Interest 3,567.02 207,130.07 - 3,567.02 3,567.02 3,606.85 3,428.10

129 05/31/19 Purchase (3,567.02) 203,563.05 (3,567.02) - (3,567.02) (3,606.85) (3,428.10)

130 05/31/19 W/D (203,563.05) - - - - - -

131 06/30/19 Sell 130,111.50 130,111.50 130,111.50 - 130,111.50 131,251.45 124,890.95

132 06/30/19 Interest 3,268.07 133,379.57 - 3,268.07 3,268.07 3,296.70 3,136.94

133 06/30/19 Purchase (3,268.07) 130,111.50 (3,268.07) - (3,268.07) (3,296.70) (3,136.94)

134 06/30/19 W/D (130,111.50) - - - - - -

135 07/31/19 Sell 1,345,480.17 1,345,480.17 1,345,480.17 - 1,345,480.17 1,354,043.22 1,289,805.44

136 07/31/19 Interest 320.31 1,345,800.48 - 320.31 320.31 322.35 307.06

137 07/31/19 Purchase (320.31) 1,345,480.17 (320.31) - (320.31) (322.35) (307.06)

138 07/31/19 W/D (1,345,480.17) - - - - - -

139 08/31/19 Interest 390.17 390.17 - 390.17 390.17 391.72 373.56

140 08/31/19 Purchase (390.17) - (390.17) - (390.17) (391.72) (373.56)

141 09/30/19 Interest 368.41 368.41 - 368.41 368.41 369.00 352.29

142 09/30/19 Purchase (368.41) - (368.41) - (368.41) (369.00) (352.29)

143 10/20/19 Comp Date/Asset Value 172,631.64 172,631.64 172,389.18 242.46 172,631.64 172,631.64 164,937.29

0.00 172,631.64 172,631.64 (159,995.92) 0.00

Project Account Summary

Total Fund Accrued Bond Investment

Earnings Rebate Amount Yield IRR

October 20, 2016 through October 20, 2019 172,631.64 (159,995.92) 2.875335% 1.525614%

Total 172,631.64 (159,995.92)

2/21/2020 9:49 AM 3406974_1 3 of 18

Schedule B2

Investment Valuations

Project Account

Investment Principal Purchase Purchase Yield to Current Pricing Accrued Value as of

Description Amount Coupon Date Maturity Dollar Price Maturity Dollar Price Method Interest 10/20/19

LGIP Pool 172,389.18 VR N/A N/A 100.0000 VR 100.0000 PV 242.46 172,631.64

Totals: 242.46 172,631.64

2/21/2020 9:49 AM 3406974_1 4 of 18

Schedule C1

Cost of Issuance Account


Initial Deposit: $192,271.93

Account # 426.52

Interest Total Future Value on Internal




1 10/20/16 Deposit 192,271.93 192,271.93 - - - - -

2 10/20/16 W/D (1,179.00) 191,092.93 - - - - -

3 10/20/16 W/D (22,000.00) 169,092.93 - - - - -

4 10/20/16 W/D (77,905.95) 91,186.98 - - - - -

5 10/20/16 Purchase (91,186.98) - (91,186.98) - (91,186.98) (99,340.96) (91,186.98)

6 10/31/16 Interest 28.45 28.45 - 28.45 28.45 30.97 28.45

7 10/31/16 Purchase (28.45) - (28.45) - (28.45) (30.97) (28.45)

8 11/01/16 Sell 12,850.00 12,850.00 12,850.00 - 12,850.00 13,986.85 12,848.14

9 11/01/16 W/D (12,850.00) - - - - - -

10 11/16/16 Sell 78,336.98 78,336.98 78,336.98 - 78,336.98 85,166.13 78,310.15

11 11/16/16 W/D (78,336.98) - - - - - -

12 11/30/16 Interest 0.02 0.02 - 0.02 0.02 0.03 0.02

13 11/30/16 Purchase (0.02) - (0.02) - (0.02) (0.03) (0.02)

14 12/31/16 Interest 0.03 0.03 - 0.03 0.03 0.03 0.03

15 12/31/16 Purchase (0.03) - (0.03) - (0.03) (0.03) (0.03)

16 01/31/17 Interest 0.03 0.03 - 0.03 0.03 0.03 0.03

17 01/31/17 Purchase (0.03) - (0.03) - (0.03) (0.03) (0.03)

18 02/28/17 Interest 0.03 0.03 - 0.03 0.03 0.03 0.03

19 02/28/17 Purchase (0.03) - (0.03) - (0.03) (0.03) (0.03)

20 03/31/17 Interest 0.03 0.03 - 0.03 0.03 0.03 0.03

21 03/31/17 Purchase (0.03) - (0.03) - (0.03) (0.03) (0.03)

22 04/30/17 Interest 0.03 0.03 - 0.03 0.03 0.03 0.03

23 04/30/17 Purchase (0.03) - (0.03) - (0.03) (0.03) (0.03)

24 05/31/17 Interest 0.03 0.03 - 0.03 0.03 0.03 0.03

25 05/31/17 Purchase (0.03) - (0.03) - (0.03) (0.03) (0.03)

26 06/30/17 Interest 0.03 0.03 - 0.03 0.03 0.03 0.03

27 06/30/17 Purchase (0.03) - (0.03) - (0.03) (0.03) (0.03)

28 07/31/17 Interest 0.04 0.04 - 0.04 0.04 0.04 0.04

29 07/31/17 Purchase (0.04) - (0.04) - (0.04) (0.04) (0.04)

30 08/31/17 Interest 0.04 0.04 - 0.04 0.04 0.04 0.04

31 08/31/17 Purchase (0.04) - (0.04) - (0.04) (0.04) (0.04)

32 09/30/17 Interest 0.03 0.03 - 0.03 0.03 0.04 0.03

33 09/30/17 Purchase (0.03) - (0.03) - (0.03) (0.04) (0.03)

34 10/31/17 Interest 0.03 0.03 - 0.03 0.03 0.04 0.03

35 10/31/17 Purchase (0.03) - (0.03) - (0.03) (0.04) (0.03)

36 11/20/17 End of Temp Period 28.84 28.84 28.81 0.02 28.84 30.46 28.69

0.00 28.84 28.84 (157.53) 0.00

Cost of Issuance Account Summary



October 20, 2016 through November 20, 2017 28.84 (157.53) 2.875335% 0.474829%

Total 28.84 (157.53)

2/21/2020 9:49 AM 3406974_1 5 of 18

Schedule C2

Yield Restriction Calculation

Initial Deposit: $192,271.93

Account # 426.52





1 11/20/17 End of Temp Period (28.84) - (28.81) (0.02) (28.84) (30.46) (28.84)

2 11/30/17 Interest 0.03 0.03 - 0.03 0.03 0.04 0.03

3 11/30/17 Purchase (0.03) - (0.03) - (0.03) (0.04) (0.03)

4 12/31/17 Interest 0.04 0.04 - 0.04 0.04 0.04 0.04

5 12/31/17 Purchase (0.04) - (0.04) - (0.04) (0.04) (0.04)

6 01/31/18 Interest 0.04 0.04 - 0.04 0.04 0.04 0.04

7 01/31/18 Purchase (0.04) - (0.04) - (0.04) (0.04) (0.04)

8 02/28/18 Interest 0.04 0.04 - 0.04 0.04 0.04 0.04

9 02/28/18 Purchase (0.04) - (0.04) - (0.04) (0.04) (0.04)

10 03/31/18 Interest 0.05 0.05 - 0.05 0.05 0.05 0.05

11 03/31/18 Purchase (0.05) - (0.05) - (0.05) (0.05) (0.05)

12 04/30/18 Interest 0.05 0.05 - 0.05 0.05 0.05 0.05

13 04/30/18 Purchase (0.05) - (0.05) - (0.05) (0.05) (0.05)

14 05/31/18 Interest 0.05 0.05 - 0.05 0.05 0.05 0.05

15 05/31/18 Purchase (0.05) - (0.05) - (0.05) (0.05) (0.05)

16 06/30/18 Interest 0.05 0.05 - 0.05 0.05 0.05 0.05

17 06/30/18 Purchase (0.05) - (0.05) - (0.05) (0.05) (0.05)

18 07/31/18 Interest 0.05 0.05 - 0.05 0.05 0.06 0.05

19 07/31/18 Purchase (0.05) - (0.05) - (0.05) (0.06) (0.05)

20 08/31/18 Interest 0.05 0.05 - 0.05 0.05 0.06 0.05

21 08/31/18 Purchase (0.05) - (0.05) - (0.05) (0.06) (0.05)

22 09/30/18 Interest 0.05 0.05 - 0.05 0.05 0.05 0.05

23 09/30/18 Purchase (0.05) - (0.05) - (0.05) (0.05) (0.05)

24 10/31/18 Interest 0.06 0.06 - 0.06 0.06 0.06 0.06

25 10/31/18 Purchase (0.06) - (0.06) - (0.06) (0.06) (0.06)

26 11/30/18 Interest 0.06 0.06 - 0.06 0.06 0.06 0.06

27 11/30/18 Purchase (0.06) - (0.06) - (0.06) (0.06) (0.06)

28 12/31/18 Interest 0.06 0.06 - 0.06 0.06 0.06 0.06

29 12/31/18 Purchase (0.06) - (0.06) - (0.06) (0.06) (0.06)

30 01/31/19 Interest 0.07 0.07 - 0.07 0.07 0.07 0.06

31 01/31/19 Purchase (0.07) - (0.07) - (0.07) (0.07) (0.06)

32 02/28/19 Interest 0.07 0.07 - 0.07 0.07 0.07 0.06

33 02/28/19 Purchase (0.07) - (0.07) - (0.07) (0.07) (0.06)

34 03/31/19 Interest 0.07 0.07 - 0.07 0.07 0.07 0.06

35 03/31/19 Purchase (0.07) - (0.07) - (0.07) (0.07) (0.06)

36 04/30/19 Interest 0.06 0.06 - 0.06 0.06 0.06 0.06

37 04/30/19 Purchase (0.06) - (0.06) - (0.06) (0.06) (0.06)

38 05/31/19 Interest 0.06 0.06 - 0.06 0.06 0.07 0.06

39 05/31/19 Purchase (0.06) - (0.06) - (0.06) (0.07) (0.06)

40 06/30/19 Interest 0.06 0.06 - 0.06 0.06 0.06 0.06

41 06/30/19 Purchase (0.06) - (0.06) - (0.06) (0.06) (0.06)

42 07/31/19 Interest 0.06 0.06 - 0.06 0.06 0.06 0.05

43 07/31/19 Purchase (0.06) - (0.06) - (0.06) (0.06) (0.05)

44 08/31/19 Interest 0.07 0.07 - 0.07 0.07 0.07 0.07

45 08/31/19 Purchase (0.07) - (0.07) - (0.07) (0.07) (0.07)

46 09/30/19 Interest 0.06 0.06 - 0.06 0.06 0.06 0.06

47 09/30/19 Purchase (0.06) - (0.06) - (0.06) (0.06) (0.06)

48 10/20/19 Comp Date/Asset Value 30.12 30.12 30.09 0.04 30.12 30.12 28.84

0.00 1.28 1.28 (0.34) (0.00)

Cost of Issuance Account Summary

Total Fund Yield Restr. Bond Investment

Earnings Amount Yield IRR

November 20, 2017 through October 20, 2019 1.28 (0.34) 2.875335% 2.287542%

Total 1.28 (0.34)


2/21/2020 9:49 AM 3406974_1 6 of 18

Schedule C3





LGIP Pool 28.81 VR N/A N/A 100.0000 VR 100.0000 Par 0.02 28.84

Totals: 0.02 28.84




LGIP Pool 30.09 VR N/A N/A 100.0000 VR 100.0000 Par 0.04 30.12

Totals: 0.04 30.12

2/21/2020 9:49 AM 3406974_1 7 of 18

Schedule D1

First Reserve Subaccount - Unrestricted Portion

Arbitrage Rebate Calculation (2)

Account#: US Bank 141135016





1 10/20/16 Deposit 796,175.00 796,175.00 - - - - -

2 10/20/16 Purchase (796,175.00) - (796,175.00) - (796,175.00) (867,369.34) (796,175.00)

3 10/31/16 Interest 248.40 248.40 - 248.40 248.40 270.40 248.25

4 10/31/16 Purchase (248.40) - (248.40) - (248.40) (270.40) (248.25)

5 11/30/16 Interest 683.36 683.36 - 683.36 683.36 742.11 681.90

6 11/30/16 Purchase (683.36) - (683.36) - (683.36) (742.11) (681.90)

7 12/31/16 Interest 706.02 706.02 - 706.02 706.02 764.90 703.35

8 12/31/16 Purchase (706.02) - (706.02) - (706.02) (764.90) (703.35)

9 01/31/17 Interest 788.07 788.07 - 788.07 788.07 851.75 783.82

10 01/31/17 Purchase (788.07) - (788.07) - (788.07) (851.75) (783.82)

11 02/28/17 Interest 711.31 711.31 - 711.31 711.31 766.96 706.46

12 02/28/17 Purchase (711.31) - (711.31) - (711.31) (766.96) (706.46)

13 03/31/17 Interest 826.90 826.90 - 826.90 826.90 889.49 819.82

14 03/31/17 Purchase (826.90) - (826.90) - (826.90) (889.49) (819.82)

15 04/30/17 Interest 860.92 860.92 - 860.92 860.92 923.88 852.22

16 04/30/17 Purchase (860.92) - (860.92) - (860.92) (923.88) (852.22)

17 05/31/17 Interest 889.42 889.42 - 889.42 889.42 952.20 878.98

18 05/31/17 Purchase (889.42) - (889.42) - (889.42) (952.20) (878.98)

19 06/30/17 Interest 863.80 863.80 - 863.80 863.80 922.57 852.34

20 06/30/17 Purchase (863.80) - (863.80) - (863.80) (922.57) (852.34)

21 07/31/17 Interest 991.73 991.73 - 991.73 991.73 1,056.69 976.95

22 07/31/17 Purchase (991.73) - (991.73) - (991.73) (1,056.69) (976.95)

23 08/31/17 Interest 990.57 990.57 - 990.57 990.57 1,052.94 974.24

24 08/31/17 Purchase (990.57) - (990.57) - (990.57) (1,052.94) (974.24)

25 09/30/17 Interest 958.58 958.58 - 958.58 958.58 1,016.52 941.33

26 09/30/17 Purchase (958.58) - (958.58) - (958.58) (1,016.52) (941.33)

27 10/31/17 Interest 958.54 958.54 - 958.54 958.54 1,014.06 939.73

28 10/31/17 Purchase (958.54) - (958.54) - (958.54) (1,014.06) (939.73)

29 11/30/17 Interest 958.42 958.42 - 958.42 958.42 1,011.52 938.15

30 11/30/17 Purchase (958.42) - (958.42) - (958.42) (1,011.52) (938.15)

31 12/31/17 Interest 1,070.63 1,070.63 - 1,070.63 1,070.63 1,127.26 1,046.25

32 12/31/17 Purchase (1,070.63) - (1,070.63) - (1,070.63) (1,127.26) (1,046.25)

33 01/31/18 Interest 1,149.80 1,149.80 - 1,149.80 1,149.80 1,207.74 1,121.82

34 01/31/18 Purchase (1,149.80) - (1,149.80) - (1,149.80) (1,207.74) (1,121.82)

35 02/28/18 Interest 1,140.50 1,140.50 - 1,140.50 1,140.50 1,195.13 1,111.14

36 02/28/18 Purchase (1,140.50) - (1,140.50) - (1,140.50) (1,195.13) (1,111.14)

37 03/31/18 Interest 1,310.38 1,310.38 - 1,310.38 1,310.38 1,369.89 1,274.41

38 03/31/18 Purchase (1,310.38) - (1,310.38) - (1,310.38) (1,369.89) (1,274.41)

39 04/30/18 Interest 1,385.69 1,385.69 - 1,385.69 1,385.69 1,445.18 1,345.56

40 04/30/18 Purchase (1,385.69) - (1,385.69) - (1,385.69) (1,445.18) (1,345.56)

41 05/31/18 Interest 1,429.65 1,429.65 - 1,429.65 1,429.65 1,487.48 1,385.95

42 05/31/18 Purchase (1,429.65) - (1,429.65) - (1,429.65) (1,487.48) (1,385.95)

43 06/30/18 Interest 1,406.09 1,406.09 - 1,406.09 1,406.09 1,459.49 1,361.00

44 06/30/18 Purchase (1,406.09) - (1,406.09) - (1,406.09) (1,459.49) (1,361.00)

45 07/31/18 Interest 1,527.58 1,527.58 - 1,527.58 1,527.58 1,581.83 1,476.15

46 07/31/18 Purchase (1,527.58) - (1,527.58) - (1,527.58) (1,581.83) (1,476.15)

47 08/31/18 Interest 1,526.71 1,526.71 - 1,526.71 1,526.71 1,577.16 1,472.94

48 08/31/18 Purchase (1,526.71) - (1,526.71) - (1,526.71) (1,577.16) (1,472.94)

49 09/30/18 Interest 1,477.45 1,477.45 - 1,477.45 1,477.45 1,522.65 1,423.21

50 09/30/18 Purchase (1,477.45) - (1,477.45) - (1,477.45) (1,522.65) (1,423.21)

51 10/31/18 Interest 1,694.27 1,694.27 - 1,694.27 1,694.27 1,741.96 1,629.37

52 10/31/18 Purchase (1,694.27) - (1,694.27) - (1,694.27) (1,741.96) (1,629.37)

53 11/30/18 Interest 1,638.80 1,638.80 - 1,638.80 1,638.80 1,680.92 1,573.59

54 11/30/18 Purchase (1,638.80) - (1,638.80) - (1,638.80) (1,680.92) (1,573.59)

55 12/31/18 Interest 1,732.20 1,732.20 - 1,732.20 1,732.20 1,772.49 1,660.51

56 12/31/18 Purchase (1,732.20) - (1,732.20) - (1,732.20) (1,772.49) (1,660.51)

57 01/31/19 Interest 1,857.20 1,857.20 - 1,857.20 1,857.20 1,895.89 1,777.49

58 01/31/19 Purchase (1,857.20) - (1,857.20) - (1,857.20) (1,895.89) (1,777.49)

59 02/28/19 Interest 1,849.68 1,849.68 - 1,849.68 1,849.68 1,883.73 1,767.74

60 02/28/19 Purchase (1,849.68) - (1,849.68) - (1,849.68) (1,883.73) (1,767.74)

61 03/31/19 Interest 1,825.16 1,825.16 - 1,825.16 1,825.16 1,854.34 1,741.24

62 03/31/19 Purchase (1,825.16) - (1,825.16) - (1,825.16) (1,854.34) (1,741.24)

63 04/30/19 Interest 1,765.95 1,765.95 - 1,765.95 1,765.95 1,789.92 1,682.14

64 04/30/19 Purchase (1,765.95) - (1,765.95) - (1,765.95) (1,789.92) (1,682.14)

65 05/31/19 Interest 1,812.58 1,812.58 - 1,812.58 1,812.58 1,832.82 1,723.70

66 05/31/19 Purchase (1,812.58) - (1,812.58) - (1,812.58) (1,832.82) (1,723.70)

67 06/30/19 Interest 1,803.43 1,803.43 - 1,803.43 1,803.43 1,819.23 1,712.34

68 06/30/19 Purchase (1,803.43) - (1,803.43) - (1,803.43) (1,819.23) (1,712.34)

69 07/31/19 Interest 1,565.02 1,565.02 - 1,565.02 1,565.02 1,574.98 1,483.51

70 07/31/19 Purchase (1,565.02) - (1,565.02) - (1,565.02) (1,574.98) (1,483.51)

71 08/31/19 Interest 1,906.37 1,906.37 - 1,906.37 1,906.37 1,913.94 1,804.19

72 08/31/19 Purchase (1,906.37) - (1,906.37) - (1,906.37) (1,913.94) (1,804.19)

73 09/30/19 Interest 1,800.04 1,800.04 - 1,800.04 1,800.04 1,802.90 1,700.93

74 09/30/19 Purchase (1,800.04) - (1,800.04) - (1,800.04) (1,802.90) (1,700.93)

75 10/20/19 Comp Date/Asset Value 843,470.90 843,470.90 842,286.24 1,184.66 843,470.90 843,470.90 796,175.00

0.00 47,295.90 47,295.90 (23,898.44) 0.00

2/21/2020 9:49 AM 3406974_1 8 of 18

Schedule D1


Arbitrage Rebate Calculation (2)

Account#: US Bank 141135016





First Reserve Subaccount - Unrestricted Portion Summary



October 20, 2016 through October 20, 2019 47,295.90 (23,898.44) 2.875335% 1.932826%

Total 47,295.90 (23,898.44)

Notes

Reasonably Required Reserve is the Minimum of:

10% of the Original Proceeds 1,299,322.47

125% of Average Annual Debt Service 958,950.35

Maximum of Annual Debt Service 796,175.00

Reasonably Required Reserve Requirement 796,175.00

Unrestricted Portion is the Sum of:

Reasonably Required Reserve Requirement 796,175.00

Minor Portion 100,000.00

Unrestricted Portion 896,175.00

Balance of Reserve Funds as of the end of each Bond Year:

Operating and Debt

Service Reserve

Fund - Bond Less than the

Proceeds Account Unrestricted Portion

10/20/17 805,694.08 Yes

10/20/18 821,035.52 Yes

10/20/19 842,286.24 Yes

(2) See Section 12 of the Methodology and Assumptions.

(1) As Stated in Section 3(c)(i) of the Tax Certificate, the Unrestricted Reserve Amount is determined as follows:

2/21/2020 9:49 AM 3406974_1 9 of 18

Schedule D2





LGIP Pool 842,286.24 VR N/A N/A 100.0000 VR 100.0000 Par 1,184.66 843,470.90

Totals: 1,184.66 843,470.90

2/21/2020 9:49 AM 3406974_1 10 of 18

Appendix I

Total Sources Of Funds

Par Amount of Bonds 11,790,000.00

Original Issue Premium/(Discount) 1,203,224.75

Plus: Accrued Interest -

12,993,224.75

Total Uses Of Funds

Project Account 12,001,114.80

First Reserve Subaccount 796,175.00

Underwriter's Discount (1)

77,905.95

Other Costs of Issuance (2)

118,029.00

12,993,224.75

Notes

Sources And Uses Of Funds

(1) Based on the data provided by the District, the proceeds used for Underwriter's Discount were deposited in

the Cost of Issuance Account on the issue date of the Bonds.(2)

Based on the data provided by the District, a portion of the Cost of Issuance funds in the amount of

$3,663.02 was deposited in the Project Account on the issue date of the Bonds.

2/21/2020 9:49 AM 3406974_1 11 of 18

Appendix II

Bond Yield Analysis

Present

Plus Plus Value to

Maturity Principal Yield to Call Sinking Fund Interest/ Aggregate 10/20/16

Date Amount Coupon Adjustments Adjustments Call Premiums Debt Service 2.875335%

10/20/16

10/20/16

06/01/17 - - - - 292,402.95 292,402.95 287,323.03

12/01/17 - - - - 238,156.25 238,156.25 230,702.03

06/01/18 - - - - 238,156.25 238,156.25 227,432.31

12/01/18 - - - - 238,156.25 238,156.25 224,208.93

06/01/19 - - - - 238,156.25 238,156.25 221,031.24

12/01/19 315,000.00 4.000% - - 238,156.25 553,156.25 506,104.55

06/01/20 - - - - 231,856.25 231,856.25 209,127.90

12/01/20 330,000.00 4.000% - - 231,856.25 561,856.25 499,596.20

06/01/21 - - - - 225,256.25 225,256.25 197,456.53

12/01/21 345,000.00 4.000% - - 225,256.25 570,256.25 492,794.05

06/01/22 - - - - 218,356.25 218,356.25 186,020.91

12/01/22 355,000.00 2.750% - - 218,356.25 573,356.25 481,527.88

06/01/23 - - - - 213,475.00 213,475.00 176,743.99

12/01/23 365,000.00 4.000% - - 213,475.00 578,475.00 472,153.24

06/01/24 - - - - 206,175.00 206,175.00 165,895.70

12/01/24 380,000.00 * - - 206,175.00 586,175.00 464,972.39

06/01/25 - - - - 200,187.50 200,187.50 156,544.41

12/01/25 395,000.00 4.000% - - 200,187.50 595,187.50 458,833.55

06/01/26 - - - - 192,287.50 192,287.50 146,134.63

12/01/26 410,000.00 4.000% 5,275,000.00 - 192,287.50 5,877,287.50 4,403,315.32

06/01/27 - - (127,525.00) - 184,087.50 56,562.50 41,776.51

12/01/27 425,000.00 4.000% (552,525.00) - 184,087.50 56,562.50 41,184.42

06/01/28 - - (119,025.00) - 175,587.50 56,562.50 40,600.72

12/01/28 445,000.00 4.000% (564,025.00) - 175,587.50 56,562.50 40,025.28

06/01/29 - - (110,125.00) - 166,687.50 56,562.50 39,458.01

12/01/29 460,000.00 5.000% (570,125.00) - 166,687.50 56,562.50 38,898.77

06/01/30 - - (98,625.00) - 155,187.50 56,562.50 38,347.47

12/01/30 485,000.00 5.000% (583,625.00) - 155,187.50 56,562.50 37,803.97

06/01/31 - - (86,500.00) - 143,062.50 56,562.50 37,268.18

12/01/31 510,000.00 5.000% (596,500.00) - 143,062.50 56,562.50 36,739.98

06/01/32 - - (73,750.00) - 130,312.50 56,562.50 36,219.27

12/01/32 535,000.00 5.000% (608,750.00) - 130,312.50 56,562.50 35,705.93

06/01/33 - - (60,375.00) - 116,937.50 56,562.50 35,199.88

12/01/33 560,000.00 5.000% (620,375.00) - 116,937.50 56,562.50 34,700.99

06/01/34 - - (46,375.00) - 102,937.50 56,562.50 34,209.18

12/01/34 590,000.00 5.000% (636,375.00) - 102,937.50 56,562.50 33,724.33

06/01/35 - - (31,625.00) - 88,187.50 56,562.50 33,246.36

12/01/35 615,000.00 5.000% (646,625.00) - 88,187.50 56,562.50 32,775.16

06/01/36 - - (16,250.00) - 72,812.50 56,562.50 32,310.64

12/01/36 650,000.00 5.000% (666,250.00) - 72,812.50 56,562.50 31,852.71

06/01/37 - - - - 56,562.50 56,562.50 31,401.26

12/01/37 680,000.00 3.125% - - 56,562.50 736,562.50 403,114.90

06/01/38 - - - - 45,937.50 45,937.50 24,784.91

12/01/38 700,000.00 3.125% - - 45,937.50 745,937.50 396,755.70

06/01/39 - - - - 35,000.00 35,000.00 18,352.26

12/01/39 725,000.00 3.125% - - 35,000.00 760,000.00 392,858.20

06/01/40 - - - - 23,671.88 23,671.88 12,063.01

12/01/40 745,000.00 3.125% - - 23,671.88 768,671.88 386,157.71

06/01/41 - - - - 12,031.25 12,031.25 5,958.48

12/01/41 770,000.00 3.125% - - 12,031.25 782,031.25 381,811.77

Totals 11,790,000.00 (1,540,350.00) - 7,476,377.95 17,726,027.95 12,993,224.75

Par Amount + 11,790,000.00 Target: 12,993,224.75

OIP/(OID) + 1,203,224.75 Variance: (0.00)

Credit Enhancement + -

Accrued Interest + -

Total 12,993,224.75

Bond Yield Target

2/21/2020 9:49 AM 3406974_1 12 of 18

Appendix III-1

Combined Debt Service to Stated Maturity

Maturity Principal Total Annual

Date Amount Coupon Interest Debt Service Debt Service

10/20/16

10/20/16

06/01/17 - - 292,402.95 292,402.95 -

12/01/17 - - 238,156.25 238,156.25 530,559.20

06/01/18 - - 238,156.25 238,156.25 -

12/01/18 - - 238,156.25 238,156.25 476,312.50

06/01/19 - - 238,156.25 238,156.25 -

12/01/19 315,000 4.000% 238,156.25 553,156.25 791,312.50

06/01/20 - - 231,856.25 231,856.25 -

12/01/20 330,000 4.000% 231,856.25 561,856.25 793,712.50

06/01/21 - - 225,256.25 225,256.25 -

12/01/21 345,000 4.000% 225,256.25 570,256.25 795,512.50

06/01/22 - - 218,356.25 218,356.25 -

12/01/22 355,000 2.750% 218,356.25 573,356.25 791,712.50

06/01/23 - - 213,475.00 213,475.00 -

12/01/23 365,000 4.000% 213,475.00 578,475.00 791,950.00

06/01/24 - - 206,175.00 206,175.00 -

12/01/24 380,000 * 206,175.00 586,175.00 792,350.00

06/01/25 - - 200,187.50 200,187.50 -

12/01/25 395,000 4.000% 200,187.50 595,187.50 795,375.00

06/01/26 - - 192,287.50 192,287.50 -

12/01/26 410,000 4.000% 192,287.50 602,287.50 794,575.00

06/01/27 - - 184,087.50 184,087.50 -

12/01/27 425,000 4.000% 184,087.50 609,087.50 793,175.00

06/01/28 - - 175,587.50 175,587.50 -

12/01/28 445,000 4.000% 175,587.50 620,587.50 796,175.00

06/01/29 - - 166,687.50 166,687.50 -

12/01/29 460,000 5.000% 166,687.50 626,687.50 793,375.00

06/01/30 - - 155,187.50 155,187.50 -

12/01/30 485,000 5.000% 155,187.50 640,187.50 795,375.00

06/01/31 - - 143,062.50 143,062.50 -

12/01/31 510,000 5.000% 143,062.50 653,062.50 796,125.00

06/01/32 - - 130,312.50 130,312.50 -

12/01/32 535,000 5.000% 130,312.50 665,312.50 795,625.00

06/01/33 - - 116,937.50 116,937.50 -

12/01/33 560,000 5.000% 116,937.50 676,937.50 793,875.00

06/01/34 - - 102,937.50 102,937.50 -

12/01/34 590,000 5.000% 102,937.50 692,937.50 795,875.00

06/01/35 - - 88,187.50 88,187.50 -

12/01/35 615,000 5.000% 88,187.50 703,187.50 791,375.00

06/01/36 - - 72,812.50 72,812.50 -

12/01/36 650,000 5.000% 72,812.50 722,812.50 795,625.00

06/01/37 - - 56,562.50 56,562.50 -

12/01/37 680,000 3.125% 56,562.50 736,562.50 793,125.00

06/01/38 - - 45,937.50 45,937.50 -

12/01/38 700,000 3.125% 45,937.50 745,937.50 791,875.00

06/01/39 - - 35,000.00 35,000.00 -

12/01/39 725,000 3.125% 35,000.00 760,000.00 795,000.00

06/01/40 - - 23,671.88 23,671.88 -

12/01/40 745,000 3.125% 23,671.88 768,671.88 792,343.75

06/01/41 - - 12,031.25 12,031.25 -

12/01/41 770,000 3.125% 12,031.25 782,031.25 794,062.50

Totals 11,790,000 7,476,377.95 19,266,377.95 19,266,377.95

2/21/2020 9:49 AM 3406974_1 13 of 18

Appendix III-2

Debt Service to Stated Maturity



10/20/16

10/20/16

06/01/17 - - 286,755.17 286,755.17 -

12/01/17 - - 233,556.25 233,556.25 520,311.42

06/01/18 - - 233,556.25 233,556.25 -

12/01/18 - - 233,556.25 233,556.25 467,112.50

06/01/19 - - 233,556.25 233,556.25 -

12/01/19 315,000 4.000% 233,556.25 548,556.25 782,112.50

06/01/20 - - 227,256.25 227,256.25 -

12/01/20 330,000 4.000% 227,256.25 557,256.25 784,512.50

06/01/21 - - 220,656.25 220,656.25 -

12/01/21 345,000 4.000% 220,656.25 565,656.25 786,312.50

06/01/22 - - 213,756.25 213,756.25 -

12/01/22 355,000 2.750% 213,756.25 568,756.25 782,512.50

06/01/23 - - 208,875.00 208,875.00 -

12/01/23 365,000 4.000% 208,875.00 573,875.00 782,750.00

06/01/24 - - 201,575.00 201,575.00 -

12/01/24 150,000 1.850% 201,575.00 351,575.00 553,150.00

06/01/25 - - 200,187.50 200,187.50 -

12/01/25 395,000 4.000% 200,187.50 595,187.50 795,375.00

06/01/26 - - 192,287.50 192,287.50 -

12/01/26 410,000 4.000% 192,287.50 602,287.50 794,575.00

06/01/27 - - 184,087.50 184,087.50 -

12/01/27 425,000 4.000% 184,087.50 609,087.50 793,175.00

06/01/28 - - 175,587.50 175,587.50 -

12/01/28 445,000 4.000% 175,587.50 620,587.50 796,175.00

06/01/29 - - 166,687.50 166,687.50 -

12/01/29 460,000 5.000% 166,687.50 626,687.50 793,375.00

06/01/30 - - 155,187.50 155,187.50 -

12/01/30 485,000 5.000% 155,187.50 640,187.50 795,375.00

06/01/31 - - 143,062.50 143,062.50 -

12/01/31 510,000 5.000% 143,062.50 653,062.50 796,125.00

06/01/32 - - 130,312.50 130,312.50 -

12/01/32 535,000 5.000% 130,312.50 665,312.50 795,625.00

06/01/33 - - 116,937.50 116,937.50 -

12/01/33 560,000 5.000% 116,937.50 676,937.50 793,875.00

06/01/34 - - 102,937.50 102,937.50 -

12/01/34 590,000 5.000% 102,937.50 692,937.50 795,875.00

06/01/35 - - 88,187.50 88,187.50 -

12/01/35 615,000 5.000% 88,187.50 703,187.50 791,375.00

06/01/36 - - 72,812.50 72,812.50 -

12/01/36 650,000 5.000% 72,812.50 722,812.50 795,625.00

06/01/37 - - 56,562.50 56,562.50 -

12/01/37 680,000 3.125% 56,562.50 736,562.50 793,125.00

06/01/38 - - 45,937.50 45,937.50 -

12/01/38 700,000 3.125% 45,937.50 745,937.50 791,875.00

06/01/39 - - 35,000.00 35,000.00 -

12/01/39 725,000 3.125% 35,000.00 760,000.00 795,000.00

06/01/40 - - 23,671.88 23,671.88 -

12/01/40 745,000 3.125% 23,671.88 768,671.88 792,343.75

06/01/41 - - 12,031.25 12,031.25 -

12/01/41 770,000 3.125% 12,031.25 782,031.25 794,062.50

Totals 11,560,000 7,401,730.17 18,961,730.17 18,961,730.17

2/21/2020 9:49 AM 3406974_1 14 of 18

Appendix III-3

Debt Service to Stated Maturity



10/20/16

10/20/16

06/01/17 - - 5,647.78 5,647.78 -

12/01/17 - - 4,600.00 4,600.00 10,247.78

06/01/18 - - 4,600.00 4,600.00 -

12/01/18 - - 4,600.00 4,600.00 9,200.00

06/01/19 - - 4,600.00 4,600.00 -

12/01/19 - - 4,600.00 4,600.00 9,200.00

06/01/20 - - 4,600.00 4,600.00 -

12/01/20 - - 4,600.00 4,600.00 9,200.00

06/01/21 - - 4,600.00 4,600.00 -

12/01/21 - - 4,600.00 4,600.00 9,200.00

06/01/22 - - 4,600.00 4,600.00 -

12/01/22 - - 4,600.00 4,600.00 9,200.00

06/01/23 - - 4,600.00 4,600.00 -

12/01/23 - - 4,600.00 4,600.00 9,200.00

06/01/24 - - 4,600.00 4,600.00 -

12/01/24 230,000 4.000% 4,600.00 234,600.00 239,200.00

Totals 230,000 74,647.78 304,647.78 304,647.78

2/21/2020 9:49 AM 3406974_1 15 of 18

Appendix IV-1

Maturity Principal Priced Years to Bond

Date Amount Coupon Yield Price to-- Issue Price Maturity Years

10/20/16

10/20/16

06/01/17 - - - - - - -

12/01/17 - - - - - - -

06/01/18 - - - - - - -

12/01/18 - - - - - - -

06/01/19 - - - - - - -

12/01/19 315,000.00 4.000% 1.110% 108.820 Maturity 342,783.00 3.11 1,067,388

06/01/20 - - - - - - -

12/01/20 330,000.00 4.000% 1.230% 111.077 Maturity 366,554.10 4.11 1,507,963

06/01/21 - - - - - - -

12/01/21 345,000.00 4.000% 1.370% 112.945 Maturity 389,660.25 5.11 1,992,679

06/01/22 - - - - - - -

12/01/22 355,000.00 2.750% 1.500% 107.275 Maturity 380,826.25 6.11 2,328,329

06/01/23 - - - - - - -

12/01/23 365,000.00 4.000% 1.660% 115.639 Maturity 422,081.10 7.11 3,002,638

06/01/24 - - - - - - -

12/01/24 380,000.00 * 1.820% * Maturity 417,994.81 8.11 3,391,563

06/01/25 - - - - - - -

12/01/25 395,000.00 4.000% 2.000% 116.586 Maturity 460,513.84 9.11 4,197,072

06/01/26 - - - - - - -

12/01/26 410,000.00 4.000% 2.110% 117.131 Maturity 480,233.00 10.11 4,857,023

06/01/27 - - - - - - -

12/01/27 425,000.00 4.000% 2.270% 115.553 12/1/2026 491,100.25 11.11 5,458,034

06/01/28 - - - - - - -

12/01/28 445,000.00 4.000% 2.430% 114.001 12/1/2026 507,304.59 12.11 6,145,431

06/01/29 - - - - - - -

12/01/29 460,000.00 5.000% 2.620% 121.023 12/1/2026 556,701.20 13.11 7,300,518

06/01/30 - - - - - - -

12/01/30 485,000.00 5.000% 2.620% 121.023 12/1/2026 586,956.70 14.11 8,284,242

06/01/31 - - - - - - -

12/01/31 510,000.00 5.000% 2.620% 121.023 12/1/2026 617,212.20 15.11 9,328,477

06/01/32 - - - - - - -

12/01/32 535,000.00 5.000% 2.870% 118.580 12/1/2026 634,403.03 16.11 10,222,700

06/01/33 - - - - - - -

12/01/33 560,000.00 5.000% 2.870% 118.580 12/1/2026 664,048.03 17.11 11,364,444

06/01/34 - - - - - - -

12/01/34 590,000.00 5.000% 2.870% 118.580 12/1/2026 699,622.03 18.11 12,672,876

06/01/35 - - - - - - -

12/01/35 615,000.00 5.000% 2.870% 118.580 12/1/2026 729,267.04 19.11 13,939,129

06/01/36 - - - - - - -

12/01/36 650,000.00 5.000% 2.870% 118.580 12/1/2026 770,770.04 20.11 15,503,183

06/01/37 - - - - - - -

12/01/37 680,000.00 3.125% 3.362% 96.000 12/1/2041 652,798.74 21.11 13,783,120

06/01/38 - - - - - - -

12/01/38 700,000.00 3.125% 3.362% 96.000 12/1/2041 671,998.70 22.11 14,860,505

06/01/39 - - - - - - -

12/01/39 725,000.00 3.125% 3.362% 96.000 12/1/2041 695,998.66 23.11 16,087,236

06/01/40 - - - - - - -

12/01/40 745,000.00 3.125% 3.362% 96.000 12/1/2041 715,198.62 24.11 17,246,220

06/01/41 - - - - - - -

12/01/41 770,000.00 3.125% 3.362% 96.000 Maturity 739,198.57 25.11 18,564,151

Totals 11,790,000.00 12,993,224.75 203,104,920.34

Total Interest Cost + 7,476,377.95 W.A.M. = 15.6316

OIP/(OID) - 1,203,224.75 (Weighted Average Maturity)

Accrued Interest - - N.I.C. = 3.088600%

Adjusted Total 6,273,153.20 (Net Interest Cost)

Combined Production Report

2/21/2020 9:49 AM 3406974_1 16 of 18

Appendix IV-2

Production Report

Maturity Principal Priced Years to Bond Yield To Call

Date Amount Coupon Yield Price to-- Issue Price Maturity Years Bond?

10/20/16

10/20/16

06/01/17 - - - - -

12/01/17 - - - - -

06/01/18 - - - - -

12/01/18 - - - - -

06/01/19 - - - - -

12/01/19 315,000 4.000% 1.110% 108.820 Maturity 342,783.00 3.11 1,067,388 -

06/01/20 - - - - -

12/01/20 330,000 4.000% 1.230% 111.077 Maturity 366,554.10 4.11 1,507,963 -

06/01/21 - - - - -

12/01/21 345,000 4.000% 1.370% 112.945 Maturity 389,660.25 5.11 1,992,679 -

06/01/22 - - - - -

12/01/22 355,000 2.750% 1.500% 107.275 Maturity 380,826.25 6.11 2,328,329 -

06/01/23 - - - - -

12/01/23 365,000 4.000% 1.660% 115.639 Maturity 422,081.10 7.11 3,002,638 -

06/01/24 - - - - -

12/01/24 150,000 1.850% 1.820% 100.225 Maturity 150,336.91 8.11 1,219,817 -

06/01/25 - - - - -

12/01/25 395,000 4.000% 2.000% 116.586 Maturity 460,513.84 9.11 4,197,072 -

06/01/26 - - - - -

12/01/26 410,000 4.000% 2.110% 117.130 Maturity 480,233.00 10.11 4,857,023 -

06/01/27 - - - - -

12/01/27 425,000 4.000% 2.270% 115.553 12/1/2026 491,100.25 11.11 5,458,034 Yes

06/01/28 - - - - -

12/01/28 445,000 4.000% 2.430% 114.001 12/1/2026 507,304.59 12.11 6,145,431 Yes

06/01/29 - - - - -

12/01/29 460,000 5.000% 2.620% 121.022 12/1/2026 556,701.20 13.11 7,300,518 Yes

06/01/30 - - - - -

12/01/30 485,000 5.000% 2.620% 121.022 12/1/2026 586,956.70 14.11 8,284,242 Yes

06/01/31 - - - - -

12/01/31 510,000 5.000% 2.620% 121.022 12/1/2026 617,212.20 15.11 9,328,477 Yes

06/01/32 - - - - -

12/01/32 535,000 5.000% 2.870% 118.580 12/1/2026 634,403.03 16.11 10,222,700 Yes

06/01/33 - - - - -

12/01/33 560,000 5.000% 2.870% 118.580 12/1/2026 664,048.03 17.11 11,364,444 Yes

06/01/34 - - - - -

12/01/34 590,000 5.000% 2.870% 118.580 12/1/2026 699,622.03 18.11 12,672,876 Yes

06/01/35 - - - - -

12/01/35 615,000 5.000% 2.870% 118.580 12/1/2026 729,267.04 19.11 13,939,129 Yes

06/01/36 - - - - -

12/01/36 650,000 5.000% 2.870% 118.580 12/1/2026 770,770.04 20.11 15,503,183 Yes

06/01/37 - - - - -

12/01/37 680,000 3.125% 3.362% 96.000 12/1/2041 652,798.74 21.11 13,783,120 No

06/01/38 - - - - -

12/01/38 700,000 3.125% 3.362% 96.000 12/1/2041 671,998.70 22.11 14,860,505 No

06/01/39 - - - - -

12/01/39 725,000 3.125% 3.362% 96.000 12/1/2041 695,998.66 23.11 16,087,236 No

06/01/40 - - - - -

12/01/40 745,000 3.125% 3.362% 96.000 12/1/2041 715,198.62 24.11 17,246,220 No

06/01/41 - - - - -

12/01/41 770,000 3.125% 3.362% 96.000 Maturity 739,198.57 25.11 18,564,151 No

Totals 11,560,000.00 12,725,566.85 200,933,173.88

Total Interest Cost + 7,401,730.17 W.A.M. = 15.7897

OIP/(OID) - 1,165,566.85 (Weighted Average Maturity)


Adjusted Total 6,236,163.33 (Net Interest Cost)

2/21/2020 9:49 AM 3406974_1 17 of 18

Appendix IV-3

Production Report

Maturity Principal Priced Years to Bond Yield To Call

Date Amount Coupon Yield Price to-- Issue Price Maturity Years Bond?

10/20/16

10/20/16

06/01/17 - - - - -

12/01/17 - - - - -

06/01/18 - - - - -

12/01/18 - - - - -

06/01/19 - - - - -

12/01/19 - - - - -

06/01/20 - - - - -

12/01/20 - - - - -

06/01/21 - - - - -

12/01/21 - - - - -

06/01/22 - - - - -

12/01/22 - - - - -

06/01/23 - - - - -

12/01/23 - - - - -

06/01/24 - - - - -

12/01/24 230,000 4.000% 1.820% 116.373 Maturity 267,657.90 8.11 2,171,746 -

Totals 230,000.00 267,657.90 2,171,746.46

Total Interest Cost + 74,647.78 W.A.M. = 8.1138

OIP/(OID) - 37,657.90 (Weighted Average Maturity)


Adjusted Total 36,989.88 (Net Interest Cost)

2/21/2020 9:49 AM 3406974_1 18 of 18

AMI Progress Update & Event Reporting

The following is a progress update on the AMI meter installations and a portion of the reporting tools available within Itron Collection Manager and Itron Analytics for the following:

• Event Log with specified dates

• RMS Voltage Low Anomaly

• RMS High Voltage Anomaly

• Power Outage Detection

1

2

85

1592

3305 3304

802

51 38 3385

1677

4982

8286

9088 9139 9177 9210

1%

16%

49%

81%

89% 89% 90% 90%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

0

2,000

4,000

6,000

8,000

10,000

12,000

Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20

AMI Meter Progress 2-4-2020

AMI Meters Installed Total AMI Meters Installed Meters In Service Percentage Installed

Each Meter has the ability to log predetermined events and are recoverable through Itron’s Collection Manager. The event log retrieval process can be specified by date and time and may include the following events:

• RMS Low Voltage Anomaly

• RMS High Voltage Anomaly

• Power Outage Detection

• Power Outage Restoration

3

Event Log

RMS Low Voltage Anomaly

4

Most residential services are 120/240 Volts and a RMS Low Voltage Anomaly event will be recorded in the meter when the voltage drops below 5% of nominal voltage. A single phase meter installed on a house measures a phase to phase voltage of 240 V. When the voltage drops below 228 V, an event is recorded. This equates to 114 Volts phase to ground.

A drop in the voltage could be from different factors:

• Overloaded transformer

• Length of service conductor

• Electrical load for each individual location

The meters record electrical usage in 15 minute intervals and is retrievable through Collection Manager.

RMS Low Voltage Anomaly – ExampleMeter #39339 reported RMS Low Voltages while other meters on the transformer did not

report the same alarm.

5

RMS Low Voltage Anomaly – ExampleInterval Data for all meters in the same time period as the alarms

6

0

5

10

15

20

25

30

35

12

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19

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12

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1:3

0:0

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5:0

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M

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0 9

:45

:00

AM

1/2

4/2

02

0 1

1:0

0:0

0 P

M

1/2

5/2

02

0 1

2:1

5:0

0 P

M

1/2

6/2

02

0 1

:30

:00

AM

1/2

6/2

02

0 2

:45

:00

PM

1/2

7/2

02

0 4

:00

:00

AM

1/2

7/2

02

0 5

:15

:00

PM

1/2

8/2

02

0 6

:30

:00

AM

1/2

8/2

02

0 7

:45

:00

PM

#39339 #34716 #34713 Total

RMS Low Voltage Anomaly – ExamplePercentage of Transformer Loading

7

0.00%

50.00%

100.00%

150.00%

200.00%

250.00%

Inte

rval

En

d D

ate/

Tim

e

12

/30

/20

19

1:3

0:0

0 P

M

12

/31

/20

19

3:1

5:0

0 A

M

12

/31

/20

19

5:0

0:0

0 P

M

1/1

/20

20

6:4

5:0

0 A

M

1/1

/20

20

8:3

0:0

0 P

M

1/2

/20

20

10

:15

:00

AM

1/3

/20

20

12

:00

:00

AM

1/3

/20

20

1:4

5:0

0 P

M

1/4

/20

20

3:3

0:0

0 A

M

1/4

/20

20

5:1

5:0

0 P

M

1/5

/20

20

7:0

0:0

0 A

M

1/5

/20

20

8:4

5:0

0 P

M

1/6

/20

20

10

:30

:00

AM

1/7

/20

20

12

:15

:00

AM

1/7

/20

20

2:0

0:0

0 P

M

1/8

/20

20

3:4

5:0

0 A

M

1/8

/20

20

5:3

0:0

0 P

M

1/9

/20

20

7:1

5:0

0 A

M

1/9

/20

20

9:0

0:0

0 P

M

1/1

0/2

02

0 1

0:4

5:0

0 A

M

1/1

1/2

02

0 1

2:3

0:0

0 A

M

1/1

1/2

02

0 2

:15

:00

PM

1/1

2/2

02

0 4

:00

:00

AM

1/1

2/2

02

0 5

:45

:00

PM

1/1

3/2

02

0 7

:30

:00

AM

1/1

3/2

02

0 9

:15

:00

PM

1/1

4/2

02

0 1

1:0

0:0

0 A

M

1/1

5/2

02

0 1

2:4

5:0

0 A

M

1/1

5/2

02

0 2

:30

:00

PM

1/1

6/2

02

0 4

:15

:00

AM

1/1

6/2

02

0 6

:00

:00

PM

1/1

7/2

02

0 7

:45

:00

AM

1/1

7/2

02

0 9

:30

:00

PM

1/1

8/2

02

0 1

1:1

5:0

0 A

M

1/1

9/2

02

0 1

:00

:00

AM

1/1

9/2

02

0 2

:45

:00

PM

1/2

0/2

02

0 4

:30

:00

AM

1/2

0/2

02

0 6

:15

:00

PM

1/2

1/2

02

0 8

:00

:00

AM

1/2

1/2

02

0 9

:45

:00

PM

1/2

2/2

02

0 1

1:3

0:0

0 A

M

1/2

3/2

02

0 1

:15

:00

AM

1/2

3/2

02

0 3

:00

:00

PM

1/2

4/2

02

0 4

:45

:00

AM

1/2

4/2

02

0 6

:30

:00

PM

1/2

5/2

02

0 8

:15

:00

AM

1/2

5/2

02

0 1

0:0

0:0

0 P

M

1/2

6/2

02

0 1

1:4

5:0

0 A

M

1/2

7/2

02

0 1

:30

:00

AM

1/2

7/2

02

0 3

:15

:00

PM

1/2

8/2

02

0 5

:00

:00

AM

1/2

8/2

02

0 6

:45

:00

PM

RMS Low Voltage Anomaly – Example

8

In analyzing the graph, the transformer is overloaded only for the part of the time and corresponds with the load associated with meter . A possible fix may consist of upgrading the transformer or inspecting the service conductor to the house to determine the proper size.

The map indicates a service length of 143 ft of #2 aluminum service wire and the data indicates a 17 kW ( 71 Amps) demand for the affected meter.

Customer(s) may experience flickering lights for a brief moment but are maintaining proper voltage.

More investigation will be needed at this site.

RMS High Voltage Anomaly

9

Most residential services are 120/240 Volts and a RMS High Voltage Anomaly event will be recorded in the meter when the voltage exceeds 5% of nominal voltage. A single phase meter installed on a house measures a phase to phase voltage of 240 V. When the voltage exceeds 252 V, an event is recorded. This equates to 126 Volts phase to ground.

A high voltage could be from different factors:

• Transformer Tap Setting

• Distribution Voltage Regulation Setting (123.5 plus minus 1.5 volts)

• Reaction time of 45 seconds to step down voltage

• Local Transmission Voltage

All meters on the same transformer record the same issue.

The meters record electrical usage in 15 minute intervals and is retrievable through Collection Manager.

RMS High Voltage Anomaly – ExampleAttached are charts that correspond to each location High RMS Voltage

Alarms and the original Transformer Card.

10

01/01/2020 – 01/15/2020 with an overall high voltage of 253.4 Volts



11



12

The Transformer Card indicates that it was purchased in 1953 and installed at this location in 1955. A note accompanies the location record of 2 ½%. This would indicate that the transformer has voltage taps and that was set to boost the voltage by 2 ½%. Since the date of manufacture indicates 1953, there is an assumption that the tap changing element is internal. With all transformers, changing of the taps requires that the transformer be de-energized. With an internal tap changer, it also requires the lid be removed from the transformer and inserting a hand in the oil to perform the operation.

It is the recommendation that Engineering and Operations inspect this location for additional work that may be required with a minimum of replacing the transformer.

Outage Event Log - Example

13

The On Call Lineman responded to an outage that was experiencing power in only half of the house. After inspecting the service conductor and finding no issues, the lineman pulled the meter to detect voltage on the line side of the meter base. The picture shows that the meter jaw expanded for an unknown reason. The event log indicates no prior problems to the date of the outage.


14


15

02/01/2020, 12:00 AM (-08:00) Self Read Occurred

SELFREADTYPE = 0

SCHEDULED = true


SELFREADTYPE = 0

SCHEDULED = true


SELFREADTYPE = 0

SCHEDULED = true


SELFREADTYPE = 0

SCHEDULED = true


SELFREADTYPE = 0

SCHEDULED = true


SELFREADTYPE = 0

SCHEDULED = true


SELFREADTYPE = 0

SCHEDULED = true


SELFREADTYPE = 0

SCHEDULED = true


SELFREADTYPE = 0

SCHEDULED = true


SELFREADTYPE = 0

SCHEDULED = true


SELFREADTYPE = 0

SCHEDULED = true


16


SELFREADTYPE = 0

SCHEDULED = true


SELFREADTYPE = 0

SCHEDULED = true


SELFREADTYPE = 0

SCHEDULED = true


SELFREADTYPE = 0

SCHEDULED = true


SELFREADTYPE = 0

SCHEDULED = true

02/16/2020, 1:33 AM (-08:00) End of Billing Period


SELFREADTYPE = 1

SCHEDULED = false

02/16/2020, 1:33 AM (-08:00) Demand Reset Occurred

USERID = 1

SETID = 0


SELFREADTYPE = 0

SCHEDULED = false


SELFREADTYPE = 0

SCHEDULED = true


17


SELFREADTYPE = 0

SCHEDULED = true


SELFREADTYPE = 0

SCHEDULED = true

02/19/2020, 1:15 AM (-08:00) RMS Voltage Low Anomaly

PHASE = Phase A

PHASEVOLTAGEVALUE = 119.1

02/19/2020, 1:17 AM (-08:00) RMS Voltage RestoredPHASE = Phase A

02/19/2020, 1:20 AM (-08:00) Average Voltage Low Anomaly

PHASE = Phase A


02/19/2020, 1:25 AM (-08:00) Average Voltage RestoredPHASE = Phase A


PHASE = Phase A




PHASE = Phase A


02/19/2020, 2:00 AM (-08:00) Average Voltage RestoredPHASE = Phase A


18

02/19/2020, 2:38 AM (-08:00) Power Outage DetectedOUTAGEID = 2

02/19/2020, 3:43 AM (-08:00) Power Restoration Detected

OUTAGEID = 2

NUMBEROFPOWERCYCLES = 75


PHASE = Phase A



PHASE = Phase A




OUTAGEID = 3


02/19/2020, 4:00 AM (-08:00) Time Change Backward

TIMECHANGEDELTAINSECS = 29

RESULT = SUCCESS



OUTAGEID = 4



02/19/2020, 5:00 AM (-08:00) Average Voltage Restored PHASE = Phase A


19

The On Call Lineman responded to an outage that was experienced a power outage. Customer mentioned that the meter fell out. Upon arrival, the lineman noticed that there was no seal or ring on the meterbase and that the meter was propped in place with a 2 x 4. Looking at the meter, there is an internal seal, which was missing, to indicate a meter tamper and noticed a leaf under the glass. The picture shows that the damage the meter jaws experienced with the meter not being fully inserted into the meterbase. Lineman were called at approximately 10:30 PM for the outage. The event log indicates no prior problems to the date of the outage and that the meter was removed without authorization which also supports metering tampering.


20


21


SELFREADTYPE = 0

SCHEDULED = true


SELFREADTYPE = 0

SCHEDULED = true


SELFREADTYPE = 0

SCHEDULED = true

02/08/2020, 12:00 AM (-08:00) End of Billing Period


SELFREADTYPE = 1

SCHEDULED = false

02/08/2020, 12:00 AM (-08:00) Demand Reset Occurred

USERID = 1

SETID = 0


SELFREADTYPE = 0

SCHEDULED = false


22

02/08/2020, 4:53 PM (-08:00) Power Outage DetectedOUTAGEID = 6

02/08/2020, 4:54 PM (-08:00) Power Restoration Detected

OUTAGEID = 6


02/08/2020, 4:55 PM (-08:00) Average Voltage Low Anomaly

PHASE = Phase A


02/08/2020, 4:55 PM (-08:00) RMS Voltage Low Anomaly

PHASE = Phase A




OUTAGEID = 7




OUTAGEID = 8


02/08/2020, 9:54 PM (-08:00) RMS Voltage RestoredPHASE = Phase A

02/08/2020, 9:55 PM (-08:00) RMS Voltage Low Anomaly

PHASE = Phase A


02/08/2020, 10:20 PM (-08:00) Power Outage Detected OUTAGEID = 9

Itron Analytics – Outage Detection

23

Itron Analytics Outage Detection is part of the AMI project and provides a visual representation of outages in the service territory.

To monitor current outages, the web base portal needs to be actively running. The District and Itron are working to implement an email notification system to the District as outages occur. The notification would prompt the receiver(s) of the email to actively monitor the outage and help identify the location with a goal of a quicker response time.

Questions?

24

Documents

MARCH 3, 2020 6:00 p.m. ITEM REQUESTED ACTION A. Public ...€¦ · Balance of Reserve Funds as of the end of each Bond Year: Operating and Debt Service Reserve Fund - Bond Less than