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MOSSADAMSX + X

,l

xl+7.+ x/.+ xz+ x7.+

\.7 X xz xz+ X

Public Lltility District l{o. 1

of Benton CountyFinal Audit Communication with ThoseCharged with Governance

May zB,2oLg

AGENDA

4 Questions and Answers on the Audit Process

Question 1 - What does an audit of the District entail?

Question 2 - Are the financial statements a fair representation oftransactions and ending balances for the year?

Question 3 - What procedures were performed to identify fraud?

Question #r - What does an audit of theDistrict entail?

. lnspection of source documents

. Verification with third parties

. Analytical review and inquiry procedures

. Perform substantive test procedures

. Review key controls in all significant accountcyctes '

. Testing for operational effectiveness. Reporting of control weaknesses

lndependentverification oftransactionsand balances

'r,,.,-r"'

Question #L - What does an audit of theDistrict entail?

. Balances and transactions verified againstaudited amounts and documentation

. Financial statements meet all applicable GAAP,State and legal requirements

. Supplementary information presentedaccurately

. Daily and weekly updates with Finance staff

. Reporting to Board of Commissioners

Technicalreview of the

financialstatements

".,",-./

Question #2 - Are the financial statementaccurate?

. Perform risk assessment to identify significant riskareas

. Perform substantive test procedures

. Perform technical review of financial statements

. Unrnodified (clean) opinion provided to the District forits financial statements.

. Financial statements are presented fairly inaccordance with US GAAP.

. lssued our communication to those charged withgovernance to discuss any audit adjustments notedduring the process

Moss AdamsAudit

Proced u res

,-' I

AdditionalAuditComments

Question #g - What procedures wereperformed to identift fraud?

. Evaluation of key controls for all significant balancesand transaction cycles

. Brainðtorm session to identify fraud risk areas

. lnterview individuals throughout the District

. Perform 'surprise' procedures

. Controls found to be effective

. No instances of fraud were identified thr:oughout theaudit

. Overall, management is able to design and implementcontrols that are appropriate and help protect theDistrict's resources.

Moss AdamsAudit

Procedures

.t,t,'. t.

AdditionalAud it

Comments

Acknowledgements

-t.1

a

a

Thanks to the Board, Chad Bartram, Jon Meyer, KentZirker, and other staff for the excellent facilitation of theaudit process

All personnel across all departmentswere courteous, responsive andfulfilled all of our requests in a timelymanner.

'Tone at the Top'and attitude frommanagement was one ofhelpfulness, candor, and openness inresponse to audit requests anddiscussion points.

I

Financial Forecast U pdateMay zB, zo19

I

I1

IIi

Descríptíon 2019MTM

March 2019 ancial Forecast*I

5oth2020

5oth2o21

5oth2o.22

5oth2t)2J

oo Forecast continued to show only one increa Se needed 2o( 1 )

- ApproachÍng lower end of targeted range

Scenario t

Scenario z

Projected Rate lncrease

Days Cash on Hand

Net lncome

Projected Rate lncrease

Days Cash on Hand

Net lncome

Oct I

2.4%

1O9 11O

$2.4M $ro.oM

lo6 129

$rr.rM $9.4M $

3

.4M

107

$r.8M

April t

2.4%

1o7

$9.2M

1O2 125

$rr.rM $9.4M $

9

*Forecast details located in the Appendix to this presentation

.3M

2

May 2019 Financial Forecast*

DescriptionMTM

2O195oth

20205oth2021

5oth2022

5oth2O23

Scenario t

Scenario z

Projected Rate lncrease

Days Cash on Hand

Net lncome

111 1O7

$ro.zM $rt.6M

April t

2.4%

roB

132

$ro.rM $

1o4 tz9

$n.6M $ro.rM $

Oct t

2.4%

ro6

$2.5M

9

.oM

Projected Rate lncrease

Days Cash on Hand

Net lncome

105

$r.BM

35

oM$9.5M

,ilmä.lt.D 3

*Forecast details located in the Appendix to this presentation

Change in Days Cash on Hand

oo Days Cash on Hand (DCO

oo Higher than normal gross power costs lower zo19 DCOH

oo Example:

Unrestricted Reserves

H)

Gross Power Costs

T DCOH

DCOH

i43.7 M

$ro3.zM

$391k

$4j.7 M

$rz.4M

$413k

to6112

*zot9 Budgeted Gross Power Costs**Current Forecasted Gross Power Costs

,rnntä.lt.o 4

Description Example t* Example 2**

Forecast Updates

oo Slice true-up credit reduction of $6ookoo BPA incurred large expenditures to release Canadian water i

oo Latest water forecastæ g4.8 MA F (5lztltg)vs 89.8 MAF (lltgltg)oo However, more runoff in May when prices are low; and

oo Summer runoff still low when prices are higher

- Approved load forecast has been includedoo No material impact to the forecast

oo Many variables and uncertaínty exist (more later)

March

5

, thereargence

the twoand theÍmate3 MAF

\.

sts have

ln Mawas a

betweenforecasts

TEA eswas 89

vanThomson Reuterwater forecast

ESP (Federal Government akaNOAA) Water Forecast

Ë5PESF RdlirqTR EÇTR EC RolinsTEAOfficialTEA PlO/Pgü

Expected WaterBPA Stu

Ëxpect€d- 8PAStudy

TEÆs waterforecast

2019 Water FOreCaSt Variance as or Stzttzote

€{f¡

Õfil

ër

YüY201Ð JAllìrUL Runoff Forecast @TDA

2019-01-01

Forecast Date

IL

EP

çcn

o6

gF

2018-10.O1 ?01ES.t-01

6tilrw

-fl.11.0

May 2019 Financial Forecast*Additional Scenarios

Description2O19

MTM 5oth2020

5oth2021

5oth2022

5oth2O23

Scenario 3

Scenarto 4

Projected Rate lncrease

Days Cash on Hand

Net lncome

Oct t

2.9%

107

$2.6M

113

$ro.8M

Oct 1

1.6%

109

$9.6M

111 137

$rz.3M $ro.8M $

5

.7M

Oct t

1.6%

to6

$2.3M

Projected Rate lncrease

Days Cash on Hand

Net lncome

ro8 85$rz.6M $rr.rM $ .oM

ffirwä.u.0 7

*Forecast details located in the Appendix to this presentation

Variables That lmpact the Forecas;t

oo BPA lncrease for FY zolzt (BP-zo)oo Draft proposat due June 13, zo1goo 6t% Chance of $lzM Power Reserves Surcharge ($3ook - $4ook impact to Bento

oo Retail Revenuesoo Non-lrrigation up $3.oM thru Apriloo lrrigation Down - $1.3M thru April

oo How much is real versus how much is timing?

oo Market and load excursionsoo Market priceoo Frederickson Fixed Cost Recovery

oo Beginning to lock inoo As of Sl8lzo19, we are 4o% hedged for Q3 of zozt

oo Carbon tax can still be a factoroo Wateroo Unanticipated future capital needs

PUD)

I

Sensitívity Analysis

oo What if some of the variables change?

oo Staff has created 3 different scenarios* $lM net revenue decrease 2o1g-2o23, *5M total* $zM net revenue decrease 2o1g-zoz3, *1oM totaloo $3M net revenue decrease zo1 g-zoz3, *15M total

9

Scenario I$rM net revenue

decrease zo19-2o23($sm rotal)

Projected Rate lncrease

Days Cash on Hand

Net lncome

1O7 1O2 126

$g.ZM $tr.zM $9.7M

Oct t

2.9%

104

$r.6M

131

$6.6M

Sensitivity Analysis Scenarios*

DescríptíonMTM

2o195oth

20205oth2021

5oth2022

5oth2O23

Scenario z$zM net revenue

decrease 2a19-zoz3($tonn Total)

Projected Rate lncrease

Days Cash on Hand

Net lncome

Oct t Oct I

2.9% 2.9%

1O1 1O3

$o.6M $9.5M

Oct t Oct t

3.9% 3.9%

98 1o2

$(o.r nn) $9.9M

104

9t3,.7M

134

$tz.zM

146

$9.2M

Scenario 3$3M net revenue

decrease zo19-2o23($tffvt Total)

Projected Rate lncrease

Days Cash on Hand

Net lncome

ro6 Bg

$r5.rM |tl.lM155

$ro.6M

,EffUT

ä-a.0*Forecast details located in the Appendix to this presentation 10

Staff Leaning

oo Closely monitor. forecastoo Leaning toward October 2019 rate increase

oo Consider 2.9%

oo Allows for addítional flexibility with uncertain conditionsoo Power volatilityoo Market and load excul.sions

oo BPA rates, and possible power reserye surcharge

oo Staff will make a fínal recommendation late Jun e 2o19

oo After BPA publishes draft rates

flDETM

ä-u-0

Ceneral Rate Discussion

oo Staff Recommendatíon on ímplementing a revenue íncrea

oo Evenly to all rate classes (nesidentíal, General Servíce, etc.oo With the exception of possibly moving unmetered closer to COSA I

oo Evenly to atl rate components

- Apply revenue increase equally to Daíly System Charge, Demand, a

oo Rounding down for certain components (i.e. Daily System Charge)

oo Maintains District's "base charge" near the benchmark median

e aa

els

Energy

72

Residential Base Charge Comparísonwith Potentíal Increase

Medían íncreased by $o.10effective June zotg

Benton PUD wouldstíll be below the

median wíth a 2.9%

íncrease

As of .lune t, zotg

obo¡-ct

\JoUIfttÉ-àco

=

$40

$35

$30

$25

$zo

$15

$ro

$t8.9o $zo.t6

It

*Snohomish PUD has a monthly minimum bill in lieu of a monthly base charge. The monthly minimum bill is currently 9o.53 per day or

Base Charge information has been calculated by Benton PIJD statr from publicly avaitable informatíon fromutilities'websiúes. Catculation is Benton PIJD's best etfott to provide comparable information.

per month.

Ceneral Service

oo Medium/Large (MGS/LGS) classes have seasonal rates that are notaligned with power portfoliooo Example LGS: Apr-Aug $o.o 4ttlkwh, sep-Mar $o.o49z/kwhoo Existing BPA Contract terms not conducive to seasonal ratesoo Existing seasonal rates incentivize consumption during the District' highest

demand period - contrary to the purpose of seasonal rates

oq Staff Recommendationoo Remove seasonal rates from MGS/LGS (effective January 't, zozo)

oo Current cr.ítería for classificatíon ínto each of the general srate classes is under reviewoo Review rate structure and críteria in the near future

rvrce

14

End of Presentation

15

IFINANCIAL STATEMENTS

April 2019(Unaudited)

Table of Contents

Monthly Financial Highlights

Statement of Revenues, Expenses and ChanEes in Net AssetsCurrent MonthYear-to-Date2019 Monthly Activity

Cornparative Balance Sheet

Energy Statistical DataCurrent MonthYear-to-DatekWh Sales - Monthly Activity

Plant Additions and RetirernentsCurrent MonthYear-to-Date

Staternent of Cash Flows

Weather Statistics

Broadband Summary

Paqe

6-7

1213

14

15

16

2

345

II

10-11

Payroll Report 17

,TTT'fl

.#,a,0lsÍuedale: 5 23 19

Fínancia! filigftdrgftúsApril 2A19

Retail Revenues> April's temperature was in line with the S-year average after two of the coldest

average temperature months in the past 1S years. Heating and cooling degreedays were also ¡n line with their respective S-year averages. Retail revênuãswere 37o below budget estimates primarily to lower than budgeted irrigationloads.

Net Margin/Net Pos¡tion> Net position and net margin continue to track below budget about $4.0M

and 93.5M respectively, this is primarily due to a recorà cold Februaryand colder than normal March which included a power price spike. TñeD¡strict ¡s st¡ll forecast¡ng a positive net income of $2_SM.

Cap¡tal

> NPE of $6.3M was down 'l4o/o from budget estimates for the month.> Slice generat¡on was above budget forApril by 26 aMW's, with more Slice morepower was sold into the secondary market which returned about $BOo,oOOover budget est¡mates.

> lrrigation loads continue to lag beh¡nd budget estimates which are the prímaryfactory for NPE being under budget.

> Net Power Expense was $32.6M forthe year about $S.1M above budget.

budget.year areO&M ExpenseNet Power Expense (NPE)

> April's O&M expenses, before NESC, were $.,l .9M or golo below budget.> O&M expenses YTD, before NESC, were $0.2M or 3% betow budgãt.

Retail Revenues Net Power ExpenseOver/(Under) Budget

(52,000!

April YTD

-¡6.1

128.5

é_

¡oft

lncometRetail Revenues

(Nov!20181Budget

{Mayl

¡Net Power (NpC)

Position/Net Margin YTD Over/(Under) Budgetthousands)

(s6.û0ûl ¡

Net Pos¡tion

(S3,se4)

(in

(53,4es)

Net Marg¡n

F o cto rs aÍÍ€cti n g Reve n u es

t6% 26%

Days & over 5-year average)

YTD HDD

25%

April Prec¡p YTDApril HDD

Billed Load Over/(Under) Budget (in aMW)

{2s} {201

Apr¡f YTD

Seconda Market Price v.

I gudget S i Average S

2L 48

, F |li A M J J A S O iI OYÍD

Fùctots offecting Net Power Expense

Flow Projection % of Normal tan-Jut Runoff

88%

ø%

Jan-Jul Runoff Forecast

Generation Over Budget (¡n aMWl

(101{5}

YTD

Secondary Market Sales Over/(Under) Budget (9)

LOO%

o%

r sl¡Ìjl

Other StatisticsDays Cash On Hand - Current

Days Cash On Hand - Forecast

Debt Serv¡ce Coverage

Fixed Charge CoveragcActíve Servíce Locations

YTD Net lncrease (April - 29)

New Servíces Net - YTD {337 New, 47 RetiredlApríl (53 New, 13 Retíred)

lnactive Services

1L2

290

L13

S n'p5.77M

1.8LM

2.79M

0.35M

0.24M

0.27M

0.19M

0.1r.rvi

o% 20% 40% 60%

2

80% L00y;,

q1 Sgdgåt

r Q2 Büdget

r Q3 Eudgét

r Q4 Eudgêt

IYTD Actuãl

Dl3t. Crlstor¡¡er (¡rowtl,r lgâ.OM¡

Ðist, R€Þðfr/R€plâcsñrsnt {S2,6M}

fÌansmtsston (g2.4Ml

Broädbãnd ($1,.4M)

Genêrät plant (51.BMl

lr (s1.0Ml

.J

Ofrt

i

t@Mri

-1iø-w,r@-l

O&M Expense before NÊSC Compl¡ance and Capitat Expenditures

(5L,Le7J

:(52,soo)

(S:.¡

o&M Capital

April YTD April YTD

PUBLIC UTILITY DISTRICT NO.I OF BENTOI{ COUilrySTATEMENT OF REVENUES, EXPENSES, AND CHANGE I}¡ NET POSITION

APRIL 2019

1t30t19

ACTUAL SUT}GET ACfUALPCTVAR

PCTvÂR

Energy Sales - RetailCity Occupation TaxesBad Debt ExpenseEnergy Secondary Market SalesTransmission of Power for OthersBroadband RevenueOther Revenue

TOTAL OPERATII{G REVENUES

OPERATI¡IG EXPET{SES

Purchased PowerPurchased Transmission & Ancillary ServicesConservation Program

Total Power Supply

ïransmission Operation & MaintenanceDistr¡bution Operation & MaintenanceBroadband ExpenseCustomer Accounting, Collection & lnformalionAdministrative & General

Subtotal before NESC Compliance / Public SafetyNESC Compliance (Net District Expense)

Subtotal before Taxes & DepreciationTaxesDepreciation & Amortization

Total Other Operating Expenses

TOTAL OPERATITIG EXPEÎISES

oPERATTI{G tÌtcofÍE (Loss)

ilOilOPERATIT{G REVEI{UES & EXPEHSESlnterest lncomeOther lncomeOther Expensefnterest ExpenseDebt DiscounUPremium AmortizatÍon & Loss on Defeased DebtMtM Gain/(Loss) on lnvestments

TOTAL T{ONOPER,ATIT{G REVEI{UES & EXPEI{SES

It{cotnE (Loss) BEFORE CAP|TAL COI{TRIBUT|Ot{S

CAPITAL CONTRIBUTIONS

cHAr{GE til t{ET POStTtOil

8,518,369469,094(18,400)

1,310,249152,687195,468108,244

8,784,182458,251(18,210)

43'1,58975,000

194,60083,587

-3%2Yo

1%>200%

104o/o

0o/o

29%

-ïYo3%

15%40o/o

21o/o

7%-1 1o/o

3o/o

1o/o

-105%

4o/o

8,953,009454,944(1 6,000)936,756126,440182,760't22 048

10,759,957 0Y"10,735,710

6,703,4721,093,605

6,622

10,009,000

6,673,6041,110,432

102,934

6,517,2181,079,128(122,506)

7,473,8407,886,970

7o/o

0o/o

-2o/o

-94%

-1Yo7,803,699

8,562808,402

83,823348,241655.791

1,904,82068.856

2,104,11843,814

4,387850,510

63,941317,544535,571

1 ,771 ,953136,521

11,320946,890

58,332414,050673,527

-24o/o

-15o/o

44o/o

-16%-3%

-9%57Yo

-8%-3o/o

-3o/o

-6o/o

'3o/o

-53%

99o/o

-23%nla

-7o/o

-9%nla

95%_^o/^

31o/o

1Qo/o

22%

7o/o

-50%

3%2o/o

1o/o

2%

1%

3,853,752,11,657,152

(s21,7121

1 15,85424,'t08

(203,872)34,318

4.087,736

1,973,6761,053,217

826,859

2,147,9321,085,961

853,842

1,908,474I ,033,168

822,620

3,764,262

11,238,,t02

(178,14s1

90,99833,071

(243,898)38,127(8.405)

(90.107)

(558,252)

263,614

(304,638)

11,971,706

(r,965,707)

58,31031,339

(219,958)37,647

93%

27o/o

-27%nla

-16%-10%

nla

-67%

67%

-51%

't73%

(29,592) {92.662) -68%

-51%

19%

-58%

(95r,334)

121,077

(2,058,369)

102,142

(830,257) ____{!999É3q_

PAGE 3

UNAUDITED STATEMENTS

PUBLIC UTILÍTY DISTRICT NO.,I OF BENTON COUNTYSTATEMENT OF REVENUES, EXPENSES, AND CHANGE IN NET POSITION

YEAR TO DATE

4t30t19 8

ACTUAL Et,ÛgET ACTt,ALFCTVAR

PCTVAR

Energy Sales - RetailCity Occupation TaxesBad Debt ExpenseEnergy Secondary Market Salesïransmission of Power for OthersBroadband RevenueOther Revenue

TOTAL OPERATI¡{G REVENUES

OPERATI¡¡G EXPEl{SES

Purchased PowerPurchased Transmission & Ancillary ServicesConservat¡on Program

Total Power Suppty

Transmission Operation & Ma¡ntenanceDistribution Operation & MaintenanceBroadband ExpenseCustüntet Acüüurrtirrg, Cullecticrn & llt[t¡rrnatit¡rrAdministrative & General

Subtotal before NESC Compliance / public SafetyNESC Compliance (Net District Expense)

Subtotal before Taxes & DepreciationTaxesDepreciation & Amortization

ïotal Other Operating Expenses

TOTAL OPERATING EXPEI{SIES

oPERATtNc tt{CotE (Loss)

T{ONOPERATII{G REVEHUES & EXPEÈ¡S¡ESlnterest lncomeOther lncomeOther Expenselnterest ExpenseDebt DiscounvPremium Amortization & Loss on Defeased DebtMtM Gain/(Loss) on lnvestments

TOTAL ITIOT{OPERATING REVET{UES & EXPENSES

rNcoME (LOSS) BEFORE CAP|TAL CO¡TTRBUT|OT{S

CAPITAL COI{TRIBUTIOI{S

CHAT¡GE I¡¡ T{ET POSITION

TOTAL NET POSITIO¡T, BEGINNING OF YEAR

TOTAL NET POSITIOI{, EI{D OF YEAR

57,999,882

41,801 ,7064,633,520

, onÕo

46,444,325

27,9233,418,362

331,1051,459,8442,480,496

7,717,730

.f9,316,099 18o/"

37,266,5022,149,534

(67,000)5,928,640

556,442735,300889,413

27,O97,9824,388,886

117 288

31 ,604,'156

28,5053,470,508

288,4891,393,463

757 913

7,938,878246,654

8,1 85,5324,617,394

16,078,380

,17,682,536

(223,705)

297,234124,759

(950,855)1 52,506(26.955)

(403,311)

(627,016)

707,654

80,638

124,155,023

47,458,831 22%

40,305,3512,337,506

(74,900)13,256,81 I

551 ,854778,480844,772

38,702,3122,226,707

(81 ,041)6,613,601

300,000780,405

4o/o

5o/o

-80/o

100o/o

84%0o/o

9o/o

42%3%

-98%

35%

-23%-J"/o

38%'1Yo-5%

-3%'34o/o

-J /O

3o/o

1%

0o/o

23%

8o/o

9o/o

12o/o

124o/o

-1o/o

6o/o

-5%

54o/o

6o/o

'92o/o

47o/o

-2o/o

-2o/o

15o/o

5%-1Oo/o

-3o/o

-53%

-4%8%5o/o

774 114

29,537,1934,502,954

413 351

34,453,499

36,1253,539,985

239,5901,481 ,5/E

,964

115 8467,9'18,242

175.258

7,833,5764,998,358

16,274,330

62,718,655

(4,718,773')

462,745123,549

(826,270)137,27237,998

8,093,4994,838,2543,406,273

16,338,027

50,791,526

't%

32o/o

>200o/o11,175,1271 >20ova

233,240125,357

(84e,272)r 50,589

98%-1o/o

nla-3%-9o/o

nla

560/o

nla-'l3o/o-10o/o

nla

-84o/o

(4,783,479)

222,343

(340,087)

(f,815,515)

1,248,014

{6¡t.706}

,136t 1567 ,5011

-81%

163%

-82%

>200o/o

0%

0.1%

133,899,577

>2$0o/o

-69o/o

>-200o/o

-2o1o

4o/o

PAGE 4

UNAUDITED STAlEMENTS

OPERATING REVENUES

Energy Sâles - Retâ¡l

C¡ty Oæupation Taxes

Bad Debt Expense

Energy Secondary Market Sales

Transm¡ssion of Power for OthersBroadband Revenue

Other Electr¡c Revenue

TOTALOPERATING REVENUES

OPER.ATING EXPENSES

Purchased Power

Purchased Transmiss¡on & Anc¡llary Serv¡cesConservat¡on Program

Total Power Supply

Transm¡ssion Operation & MaintenanceD¡stribut¡on Operat¡on & Ma¡ntenanceBroadband Expense

Customer Acæunt¡ng, Collect¡on & lnformat¡onAdmin¡stral¡ve & General

Subtotal before NESC Compl¡ance / public SaietyNESC Compl¡ance (Net Distr¡ct Expense)

Subtotal before Taxes & Ðeprec¡at¡on

TaesDepreciat¡on & Amort¡zat¡on

Total Other Operating Expenses

TOTAL OPERATING EXPENSES

oPERAT|Nc tNcoME (LOSS)

NONOPÊRATING REVENUES & EXPËNSESlnterest ln6ome

Other lnæme

Other Êxpense

lnterest Expense

Debt Disæunt & Expense Amortizat¡onMtM Ga¡n/(Loss) on lnvestmentsLoss ¡n Jo¡nt Ventures/Spec¡al Assessments

TOTAL NONOPERATING REV/EXP

lNcoME (LOSS) BEFORE CAPITAL CONTRTBUTTONS

CAPITAL CONTRIBUTIONS

CHANGE IN NET POSITION

PUBLIC UTILITY DISTRICT NO. 1 OF BENTON COUNTYSTATEMENT OF REVENUES, EXPENSES, AND CHANGE IN NET POSITION

2OI9 MONTHLY ACTIVITY

$10,133,264 $11,448,330 $10,205,383593,823 640,507 634,083(18,000) (19,300) (19,200)

2,876,081 4,541,248 4,529,241120,920 118,076 160,172

197 ,A64 192,965 192,182

8,553,731

1,271,434

4,214

862,821

62,443

383,229

12,329,908

1,1 05,891

8,005

788,791

77,297

363,266

14,214,595

1,162,591

7 ]42958,348

107,542

365,108

$8,51 8,369

469,094(1 8,400)

1,310,249

152,6A7

1 95,468

6,703,472

1,093,605

8,562

808,402

83,823

344,241

714

14,476,666 17,O10,O74 15,777,432 10,735/.11

9,914,938 't3,373,246 15,352,443 7,803,699

791

2,136,A54 1 ,731 jü 1,944,A76 1 ,904,819131

2,164,985'1,266,090

14,181,946

294,720

111,824

31,355

(1 97,1 51 )

34,318

14,638

1,776,919

1,345,720

768

17,447,653

(437,579)

1,917,997

1,333,331

toJ

19,431,606

(3,654,174t

1,973,675

1,O53,217

1 1,657,450

(921,739)

125,340

35,099

(205,399)

34,318

9,528

109,726

32,988

(219,847t

34,318

13,833

115,854

24,108

(2O3,872)

34,318

289,7O4 (438,693) (3,6S3,156) (951,331)

PAGE 5UNAUDITED SIATEMÊNTS

$40,305,351

2,337,507

(74,e00)

't3,256,819

551,855

778,479

s7,999,883

41,801,706

4,633,521

46,444,326

27,923

3,418,362

33't,105

1,459,844

7,7'17,730

7,833,576

4,998,358

62,718,655

(4,718,772',)

462,744

123,550

(826,269)

137,272

(4,783,476)

PUBLIC UTILITY DISTRICT NO. 1 OF BENTON COUNTYCOMPARATIVE STATEMENT OF NET POSITION

ASSETS AND DEFERRED OUTFLOWS OF RESOURCES

ASSETS

CURRENT ASSETS

4'39!20',t9 413û12918Ìeêre¿sgrfDeore€sdAmourìl Percent

Unrestricted Cash & Cash Equ¡valents

Reslricted Construct¡on Account

lnvestments

Designated Debt Serv¡ce Reserve Fund

Des¡gnated Power Market Voltly

Designated Spec¡al Cap¡tal RsvDesignated Çustomer Dàposits

Accounts Rêceivable, net

BPA Prepay Receivable

Accrued lnterest Rece¡vable

Wholesale Power Receivaþle

Accrued Unbilled Revênue

lnventory Materials & Supplies

Prepa¡d Expenses & Option Prem¡ums

Total Current Assêts

NONCURRENT ASSETS

Rcotriotcd Bond Roserve fundOther Receivables

Prel¡minary Surveys

BPA Prepay Receivable

Defened Purchased Power Costs

Util¡ty Plant

Land and lntangible PtantE¡ectric Plant in Service

Construction Work in ProgressAccumulåted Depreciat¡on

Net Utility Plant

Total Noncurrent Assets

Total Assets

DEFERRED OUTFLOWS OF RESOURCES

Unamortized Loss on Defeased Debt

Pension Deferred Outflow

Accumulated Decrease in Fair Value of Hedg¡ng Derivat¡ves

Total Dèferred Outflows of Resourses

6,706,1 13

2,612,'152

3,850,000

12,822,929

1,900,000

10,378,430

000,000

222,667

(988,667)

3,200,000

5,844,40e

500,579

67,652,490

20,003,879

1 ,1 07,005

152,342

54,657

5,050,000

6,502,813

20,553,494

12,589,570

2,612,152

3,850,000

15,376,052

1,600,000

9,506,078

600,000

86,ô17

900,678

3,100,000

5,496,514

512,857

($549,61 5)

(5,883,458)

0

(2,553,123)

300,000

872,352

'136,050

(1,88e,345)

1 00,000

347,894

(12,278\

t,

55,482

(49,668)

(600,000)

1 60,455

166,269

(e,'t31,5221 -12%

-3o/o12,867,677

3,541,484322,284,206

9,207,489(200.426,2411

13,301,408

3,502,43231 0,878,531

4.019.170t104

76,754,0'12

1,107,805

96,860

104,325

5,650,000

6,342,358

39,0521 1,405,675

5,188,319(8.939.364)

134,606,937

147,474,614

215,127,104

1,180,507

3,492,469

4,6'Í2,976

PAGE 6

UNAUDITED STATEMENTS

7.693.68 t 60/o

140,2'14,664 7,259,950 5%

21 6,998,676

(22,757)

1,429,022

(1,871,5721 -1o/o

1.01 2,588

22,757

(248,s15)

2.479.881

TOTAL ASSETS & DEFERRED OUTFLOWS OF RESOURCES 219,800,080

2,4',t8,853

219,417,529

2,254,123

382,55'l Qolo

PUBLIC UTILITY DISTRICT NO. 1 OF BÉNTON COUNTYCOMPARAÎIVE STATEMENT OF NET POSITION

LIABILITIES AND DEFERRED INFLOWS OF RESOURCES

LIABILITIES

CURRENT LIABILITIES

¿s,3sr,zsl'9 4r30r?018Lncreasêr{Decreæe)Amos¡¡l Percent

Customer Deposits

Accrued Taxes Payaþle

Other Curent & Accrued Liabilities

Accrued lnterest Payaþle

Revenue Bonds, Cunent Portion

Total Currênt Liabilities

NONCURRENT LIABILIT¡ES

2010 Bond lssue

2011 Bond lssue

2016 Bond lssue

Unamortized Premium & Discount

Pension Liability

Defened Revenue

BPA Prepay lncent¡ve Credit

Other L¡âbilities

Totel Noncurrent Liabil¡ties

Totel Liebil¡tiês

OEFERRED INFLOWS OF RESOURCES

Unamortized Gain on Defeased DebtPension Deferred lnflowAccumulated lncrease ¡n Fair Value of Hedg¡ng Derivatives

Total Deferred lnflows of Resources

NET POSITION

Net Inveslment in Capital AssetsRestricted for Debt Serv¡ceUnre€tricted

Total Net Position

TOTAL NET POSITION, LIABILITIES ANO

DEFERRED INFLOWS OF RESOURCES

CURRENT RATIO:

(Current Assêts / Current Liebilities)

WORKING CAPITAL:

(Current Assets less Currênt L¡abilities)

2,031,290

1,747,602

2,815,927

(0)

3,750,000

r9,015,740

1 7,345,000

9,770,000

22,470,000

3,729,265

ô,852,561

1,289,426

1,518,525

3.968.700

21,458,091

17,345,000

1 3,520,000

22,470,000

4,'t79,436

9,884,887

495,857

1,679,781

9,058,1 86

1,735,880

4,352,587

2,741,438

(387,265)

295,410

(2,604,985)

74,489

(0)

180,000

12,442,3511 -11%

(3,750,000)

66,9/l:r,478 71

(450,171)

(3,032,326)

793,569

(161,256)

2,485,377

f364.806t -6%

85,959,217

34,4522,930,2251 ,537,745

92,516,375 (2,807,158)

1,866,603798,890

34,4521,063,622

738,855

4,502,422

77,508,220

1,1 07,865

50,722,356

1,836.929 690/.

65,806,062

1 ,r 07,865

57,321,734

11,702,158

0

(6,599,378)

129,338,¿141 124,235,661 5,102,780 4%

0o/o219,800,080 215,417,529 382.551

3.56:l

48,636,750

PAGE 7

UNAUDITED STATEMENTS

3.58:l

$55,325,92r ($0,689,171) -12%

PUBLIC UTILITY DISTRICT NO. 1 OF BENTON COUNTY. ENERGYSTATISTICALDATACURRENT MONTH

4t30t2019

ENERGY SALES RETAIL - REVENUÊResident¡alSmall General Serv¡ceMedium General ServiceLarge General Serv¡ceLarge lndustr¡al

4,677,982699,905990,485

1 ,104,3 t 1

$4,304,339681 ,504s0'1,758979,947

4,531 ,330ô93,605957,169

1,107,201

9%3o/o

10o/o

13Vo

3To

1%

0!o

ACTtlAr- ACÎUALFCTVAFI

FCTvÂR

Large lrrigat¡onStreet L¡ghtsSecurjty L¡ghtsUnmetered Accounts

Billed Revenues Before Taxes & Unb¡lled RevenueUnbilled Revenue

Energy Sales Reta¡l subtotalCity Occupat¡on Taxestsaci Detit Expelsc (u.1s% or rotaf oatoû)

TOTAL SALES. REVENUE

ENERGY SALES RETAIL. KWhRes¡dential

Small General Serv¡celvledium General ServiceLarge General ServiceLarge lndustrialSmall lrr¡gat¡onLarge lrr¡gationStreet L¡qhtsSecurity LightsUnmetered Accounts

TOTAL KWh BILLED

NET POWER COSTBPA Power Costs

SliceBlock

SubtotalOther Powe. PurchasesFredericksonïransmiss¡onAncillaryConservat¡on Program

Gross Power CostsLess Secondary Market Sales-EnergyLess Secondary Market Sales-GasLess Transmission of Power for OtheÍs

NET POWER COSTS

NEÏ POWER - KWhBPA Power

SliceBlock

SubtotalOther Power PurchasêsFrederickson

Gross Power kwhLess Secondary Market SalesLess Transmiss¡on Losses/lmbalance

NET POWER. KWh

COST PER MWh: (dollars)Gross Power Cost (average)Net Power CostBPA Power CostSecondary Market Sales

ACTIVE SERVICE LOCATIONS:Resident¡alSmall General ServiceMedium Genera¡ ServiceLarge General Serv¡ceLarge lndustr¡alSmall ¡rrigationLarge ln¡gat¡onStreet L¡ghtsSecurity LightsUnmetered Accounts

TOTAL

1 ,361,83117,87221,67316,627 17,202

$9,218,367 99,484,1E1(700,000) (700,000)

$8,s18,367 98,784,181472,094 458,25'l

. 246,223 0.3 254,4681?1,424,3ã8 168.6 135,944,868

53,956,8259,33't,425

1 4,008,84817,834,7135,381,800

501,0571 9,869,269

212,28481,924

$2,905,7972,426,',t19

99,2502,1 58,098

17,81024,117

48,842,3609,054,863

1 3,890,4971 6,686,9935,688,3511,38ô,392

39,833,603211,917

95,424

$2,990,5682,393.140

69,7551,462,296

17 ,79522,36116,608

99,1 53,009(200,000)

$8,953,009454,944(1 6,000)

_____99!9L9!9_

51,994,462s,262,432

r 3,836,65318,279,97',|

5,1 95,640846,581

22,783,855211,310.

85,927255,332

't?2 ,75ñ,1 6:t

2,905,7972.397.,7425,303,539

573,340640,339903,3ô2175,766

(22.506\7,473.840(936,756)

(126,44O\

$6,410,6'14

104,406,00062.497.OOO

1 66,903,00017,982,000

184,885,000(64,509,000)

(2,570,000)117,806,000

AMW74.913.019.524.8

7.50.7

27.60.30.1

AMW67.812.619.323.2

7.91.9

55.30.30.'îo.4

188 I

-52%-37o/o

0%-1Qo/o

-3Vo

-3%Qo/o

3vo

1þ/þ

'lOo/o

3%1o/o

7%-5o/o

-64o/o

-50o/o

Oo/o

-14%-3o/o

-1'loÀ

AMW72.212.919.225.4

7_2

1.2J t.o0.30.1o.4

170 5

-31Yo

-7o/o

ovo

-3%jvo1%

>2O0Vo

-5o/o

4%

15%

4%

4o/o

1Vo

1o/o

-2o/o

4Yo

-41o/o

-13o/o

ovo

-9/,-4o/o

.1%

7,803,700(1,233,44e)

(76,800)

7,886,707(431,589)

5,331,916454,486917,071891,943201,662

6,622

5,383,708670,93861 8,958893,074¿to,vt3103,05ô

-3o/o

1o/o

-1o/o

-32vo

48%Qo/o

-7Vo

-94o/o

-'lo/o

1860/o

nla104o/o-140/"

25%oo/o

14'/,-71o/o

nla60/o

760/o

17o/o

-130/o

-6%-10/o

-13%62o/o

Qo/o

1Yo

1o/o

-21%43%-1o/o

15o/o

-'t05v"4o/o

32o/o

nla21Vo

-.1%

-'l 1o/o

2o/o

-60/o

-62Vo

nla-8o/o

-10v"-17%

_6%

2%zyo2o/o

2Vo

0o/o

-1o/o

1o/o

0o/o

-1o/o

1Vo

20/o

(152,687) (75,000)$6,340,764 97,380,118

aMW aMW92,999,000 129.2 74,128,236 103.063,820,000 88.6 63,819,886 88.6

156,819,000 217.8 137,948j22 191.66,826,000 9.5 23,788,169 33.07,200,000 10.0

'170,845,000 237 .3 161 ,736,291 224.6(57,980,000) (80.5) (32,948,584) (45.e)(2j37poo) (3.0\ (1,824,970\ (2 5)

110,728,000 153.8 176 3

AMW'145.0

86.8231.8

25.O

256.8(8e.6)

(3.6)163.6

$45.68$57.26$34.00821.27

$48.76$58.1 3$39.03$13.1 0

$40.42$54.42$31.78$14.52

13o/o

5o/o

7o/o

460/o

45,1515,044

817to9

545439

o

1,865372

44,3764,966

800¡ot

5551

436o

1,887

54,412369

53,560

Page I

PUBLIC UTILITY DISTRICT NO. 1 OF BENTON COUNryENERGY STATISTICAL DATA

YEAR TO DATE

4t30t201s

ENERGY SALES RETAIL - REVENUEResident¡alSmall General SeruiceMedium General ServiceLarge General Serv¡ce

25,986,2363,283,2674,414,7814,641,860

23,676,5473,049,0924,207,3074,300,708

1Oo/o

8o/o

5o/o

8%

22,581,9513,050,0084,190,0304,703,064

13Yø

8%sVo

-1o/o

AC?u¡rù. ACTI]}ALFCtVAFI

Large lrrígationStreet L¡ghtsSecuriiy LightsUnmeterêd Accounts

B¡lled Revenues Before Taxes & Unbilled RevenueUnbilled Revenue

Energy Sales Reta¡l SubtotalCity Occupat¡on TaxesBad Debt Expense (0.16% of retait safes)

TOTAL SALES . REVENUE

ENERGY SALES RETAIL. KWhResidentialSmall Generâl Seruicelvledium General Serv¡ceLarge General ServiceLarge lndustrialSmall lnigationLarge lrdgationStreet LightsSecur¡ty LightsUnmetered Accounts

TOTAL KWh BILLED

NET POWER COSTBPA Power Costs

SliceBlock

SuþtotalOther Power PurchasesFredericksonïransm¡ss¡onAnc¡llaryConservation Program

Gross Power CostsLess Secondary Market Sales-EnergyLess Secondary Market Sales-GasLess Transmission of Power for Others

NET POWER COSTS

NET POWER - KWh

BPA PowerSliceBlock

SubtotalOther Power PurchasesFrederickson

Gross Power kwhLess Secondary Market SalesLess Transmission Losses/lmþalance

NET POWER. KWh

COST PER MWh: (dollars)Gross Power Cost (average)Net Power CostBPA Power Cosl'Secondary lviarket Sales

AVERAGE ACT¡VE SERVICE LOCATIONS:ResidentialSmall General Servicelvledium General Serv¡ceLarge General ServiceLarge lndustrialSmall lrrigat¡onLarge lrrigationStreet L¡ghtsSecurity L¡ghtsUnmetered Accounts

TOTAL

1,836,202 3,205,38971,431 71,23886,705 96,46966,485 68,825

$41,605,347 40,002,312(1,300,000) (1,300,000)

$40,305,347 38,702,3122,340,5Q7 2,226,707

978

31 8,748,91 I45,035,53360,562, 1 1 071 ,178,72722,025,800

676,28 1

21,436,716848,4'16328,074

285,397,57841,244,38159,1 87,1 61

67,043,21422,551,245

1,909,92051,933,933

847,971382,463

2,564,95871,17989,59966.325

$38,966,503(1,700,000)

$37,266,5032,149,534

(67,000)

$39,349,037

276,677,O3541,485,21857,572,61972,761,34422,045,560

1,073,98234,420,820

845,036355,673

1,008,291

___-q9!49f2!_

$1 1 ,623,1 889,738,78 1

$21,361,9692,758,9342,977,0813,626,953

761,932117.288

$31 ,604,1 57(5,888,031 )

(40,61 0)(556,443)

$25,1 1 9,073

448,255,000258,O24,000706,279,000

68,31 3,0001 4,400,000

788,992,000(284,961,000)('10,530,000)

___19!.991199_

$40.06$50_90s30.25$20.66

15%9%5o/o

-zyo0%

-37%-38Vo

o%-8o/o

-2o/o

-43o/o

o%-lQYo

-syo4%0o/o

40/o

ívo-8%4%

12%o

gvo

2%60/o

-2%-65o/o

-59o/o

0%-14o/o

-3o/o

2%

-28%QTo

-3%0o/o

-24o/o

8%9o/o

12o/o

8V"

984,549 0.3 1 ,018,120541,825,124 188.1 531,515,986

$11,623,188 911,806,8549,870,746 9,738,843

$21,493,934 $21 ,545,69714,218,980 3,352,3526,088,793 4,ô39,1453,671,465 3,033,514962,056 867,893

9,098 412,223646,444326 $34,450,824(8,866,419) (6,613,601)(4,390,400)

340,070,000263,485,000

353,899,34'1263,484,956

AMW122.991.5

214.432.937.5

284.8(101.4)

(4.0)179 4

-2o/o

1o/o

0o/o

>20Qo/o

31Vo

1%11o/o

-98o/o

35%340/

nla84to19o/o

52o/o

I 4o/o

ZYo

114Vo

AMW155.689.6

245.2

5.0274.0(e8.e)

(3.7)171.4

0o/o'tvo

1o/o

>2Q0o/o

105o/o

1o/o

260/o

-92Yo

47%5'lo/o

>2Q0o/o

-1o/o

30%

-24%2"/"

-15%-13o/o

>2QQo/o

-8%-360/o

-22o/o

90/o

59o/o

'l9o/o

18/"134%

AMW

110.7t3 021.024.7

7.60.27.40.30.1

AMW1 18.1

91.5

AMW99.114.320.623.3

7.80.7

18.00.30.10.4

184.6

AMW96.114.420.025.3

7.70.4

12.O

0.30.1o.4

176.5

603,555,000 209.659,'t88,000 20.666,000,000 22.9

617,384,29794,831,084

107,950,000

-4%0o/o

-2o/o

-38o/ø

-39o/o

-1 1o/o

-37o/o

-29%o

4%

728,743,000 253.0(183,199,000) (63.6)

537

$63.73$60.74$35.61$48.40

45,0965,027

8r8165

534

o

1,869372

820,1 65,381(291,9O4,371)

$42.00$53.29$34.90$22.66

44,2844,944

793to¡

541435

o

1,914

2%2o/o

3o/o

2o/o

0o/o

-1Vo

0%ovo

-2%-2Vo

2%54,330

Page I

53,464

Res¡dent¡al

2015

201,6

20L7201820L9

Small lrr¡gat¡on201520L620L720L82019

Large lrdgat¡on2015201620L720L8

2019

PUBTIC UTITITY DISTRICT NO. 1 OF BENTON COUHTYKWH 5ATE5

MONTHTY ACTIVITY

8L,753,25t89,934,474

LL4,O89,92390,52'J",667

80,765,20L

Small Genetal Serv¡ce

201.s !L,273,64720t6 1.1,865,345

2017 13,896,04220L8 r2,L29,6522019 1-t,4!O,702

Med¡um General Seru¡ce2015 15,7L9,9912016 L6,O32,6842017 L7,L70,3282018 16,103,0162019 1_5,483,483

Large General seru¡ce2015 17,888,9112016 18,1"88,60020t7 L8,624,O]-a2018 19,110,8602019 l_8,58r.,986

Large lndustrial2015 5,597,4952016 5,743,30620t7 5,118,8802078 5,99s,8402019 5,349,440

20(4)

50,52664,1"08

2!4,532221,3!2200,892233,165

292,485

7C,A42,807

72,255,O49

97,473,6tA69,963,30692,696,529

IO,444,066ro,615,824t2,326,75910.600,54412,539,989

15,058,L82

15,r29,40r15,406,899

t4,4L2,77315.984846

L7.2L2,77717,545,84017,299,889L8,344,67tt7,721,024

5,394,4855,306,745

s,319,8305,1"58,240

s,300,040

181

32,98348,733

210,554379,1,79

229,629194,143

21_8,680

51,1"95.817

53,460,88172,629,O7864,197,600

9L,330,363

8,399,963

8,804,253Lr375,2L99,492,s90

Lr,753,4L7

L3,1-24,396

12,982j0815,083,130

L3,220,L7715,084B33

L6,2L3,O6s16,492,120L8,5L0,88317,o25,A42t7,04t,oo4

5,337,36s5,715,980

5,953,1605,695,840s,994,s20

644,290469,477277,710L43,39262,383

14,636,633

9,247,9841,485,633

i.0,909,657

1,056,2a2

43,964,L72

45,886,79950,897,6085L,994,462

53,956,825

8,630,5639,093,517

8,459,5819,262,4329,33r,425

L3,6I!,24213,939,681r.3,953,993

13,836,65314,008,848

t7,278,1,8317 360,382L7,691,,033

L4,279,971

t7,834,7!3

5,784,330

5,547,175

5,959,9205,t95,6405,381,800

r,48L,2A61,,607,439

434,783846,58r.

50t,057

39,362,24245,29L,45517,886,27922,783,85519,869,269

38,845,L98

38,72t,34140,454,50.2

4r,t72,298

9,005,788

9,217,5L48,910,ss79,403,579

L4,O74,88313,879,726

14,t57,OtsL4,453,2t8

r.7,939,80317,583,7t2r8,241,931-79,678,682

5,632,3404,192,375

4,342,280

4,L57,840

2,L59,6L62,203,347L,70L,606

2,L85,730

61,259,90566,290,38254,086,38964,6L6,1.80

48,995,659

44,464,30445,Ot4,24846,OO5,694

10,616,996

LO,063,7L7

10,148,59510,408,132

15,970,93174,686,797

t5,250,364Ls,432,469

r"9,595,3841 8,140,66318,951,191

19,988,535

s,678,s705,666,470

5,s66,0805,739,040

2,66a,7822,637,8872,505,1.09

2,676,89s

IO3,a42,869

88,90L,49993,7s3,82886,922,059

62,750,008

49,566,54855,42s,63152,40t,79r

L2,060,70010,760,4361r.,421,88011,068,455

16,957,563

15,578,70015,663,861

16,006,913

20,93s.18318,545,91920,51L,7L420,624,407

4,98L,620

5,704,840

5,565,4005,964,840

3,213,0862,83s,6703,r47,6733,295,476

98,850,L9088,434,390

103,188,520102,t95,462

58,699,674

57,564,36462,752,40A63,971,768

11,955,37011",863,201

1,2,037,978

72,734,593

16,576,4101.6,5L6,307

L7,906,763

L7,702,795

20,74'J.,663

20,497,2.at2L,497,99323,332,3'_6

6,r71,6955,908,980

6,O7?,6L05,536,080

3,O02,6e,3

2,948,6A82,181,7t32,916,3i3

67,47L,44570,085,65910,975,OCI68,988,554

48,136,35049,472,576s3,038,585

48,545,386

10,809,84510,839,759

11,357,363to,9t2,920

t5,990,s7216,093,629

1.6,509,954

16,075,867

21,305,14019,923,65820,970,9602L,583,396

5,623,820

4,42?,850

5,753,4405,353,960

2,O75,784

2,OO5,457

r,809,7692,L33,836

37,832,47233,735,65629,243,74632,455,6L4

37,850,1,54

38,810,55L

40,359,81339,430,056

9,O6s,r979,285,2769,O27,7348,908,327

1.s,576,L54

15,538,49L14,75t,48415,03L,084

20,558,0202r,L79,AO120,50L,O842L,498,!26

5,598,540

5,998,320

5,962,7605,976,320

L,1,72,302

889,198928,403858,769

24,467,38614,740,23718,136,3 16

16,382,998

46,905,82L46,5A6,64454,793,49653,123,365

8,7L9,7478,6s2,183I,272,7599,79L,224

1,4,732,964

t4,7rr,t27r5,o37,t20t5,499,978

18,687,46019,31 4,538L9,370,20420,259,L2L

5,408,760

5,625,690

5,3 i4,8005,498,280

2,846

r23,750L24,I27

3,4r4,78'J.2,422,6392,582,7913,048,545

75,565,855

75,0L8,L57

72,704,99715,779,715

10,515,898

70,807,2201o,819,53910,751,,929

15,2i.3,004

L5,377,852L5,264,344

1,5,349,864

r7,419,4001.8,495,415

18,s03,50918,870,090

5,732,865

4,774,520

6,t54,920s,724,800

443,80246,345

2L4,109238,OO7

281,800

268,7L3

ffis,so4,7666t,741,,688759,633,901697,107,L08

318,748,91"8

t21,,497,780r21,,868,24sL29,O54,006r24,464,37745,03s,s33

r82,610322180,466,703186,155,255

193,L24,8Q7

ão,562,1!0

226,r74,929223,267,9L9230,674,409238,606,O1,7

7t,L78,727

66,941,88s

64,6L2,25r61,084,1L065,996,72022,O2s,800

16,424,664!5,597,28813,754,3541"5,311,533

676,281

451,,777,rr84L9,588,399392,O50,824409,298,945

21,436,7L6

9

PAGE 1O

Street Lights

Security Lights2015

20].6

2017

2018

20L9

201520].6201720182019

Total2015

20L620L7

20182019

Unmetered2015zoL620L7201820L9

PUBTIC UTII-ITY DISTRICT NO. l OF BENTON COUNTY

I(WH 5ALE5

MONTHI-YACTIVIW

22s,624225,O242!!,34927L,0462LL,760

LL4,45L

LL3,273

100,963

85,LLz

82,454

249,LO6257,O45253,915242,804245,945

133,037,008142,581,O83

L69,666,306r.44,683,688!32,4a7,564

225,624224,87A2Lt,2s32L'J,,337

211,838

114,408

113,L96

100,920

90,490

8]-,7L5

249,106257,045253,9152s4,823246,r5A

119,75L,958L21-827 33A1"44,622,7L2

1r.9,s63,310L45.O49,552

225,624224,478zLL,25321,t,343

2L2,534

Lr4,O73

L13,239

91,650

90,L4481,981

249,106257,045253,715255,332

246,223

LLo,1,44,332LO1,76a,L65

!25,87t,43L12L,242,4L71.42,863,640

225,672224,4942Lr,253211,310

2t2,2a4

113,696

1.13,i.80

91,545

89,927

81,924

244,9L9251,045253,7L5255,332246,223

130,700,30st39,32!,L67LL5,839,710r22,756,t63L27,424,368

225,6722rL,Z352Lr,?5321i.,310

113,531

L01,382

9t,42485,656

248,9L9257,O452*,715245,6a4

149,509,655152;658,059

L42,450,672t56,2\0,L77

22s,6722Lr,r87zLr,253211,3L0

11.3,488

LOt,425

91,L34

84,953

248,9r9257,O45253,7L5245,684

207 ,957,270L85,L30,994

L91,,745,5t7187,7L4,77r

224,8802L1,r872LL,253211,310

1L3,488

101,382

90,782

84,383

248,919258,34L253,71.5

245,684

220,335,637Lg].,gg7,4r32'ts,480,429212,O9A,72L

224,880zLL,L872LL,2532n,634

tt3,445101,409

90,860

84,206

254,930259,637253,715245,745

185,2L2,205185,9s6,623

r.94,s80,364L95,724,064

224,9282rL,L872I!,25321.1,650

Lr3,402r.01",366

90,850

83,941

254,845259,637253,715245,945

142,367,t58L37,O70,775

139,239,635L37,602,5L5

225,O24

2L1,!472Lt,2382L!,640

1r.3,359

101,194

90,827

83,334

255,749254,36s253,7L5245,945

1L4,881,885ro7,008,620L10,223,374r.08,626,599

225,0242Lr,3492tL,t252r!,640

11_3,359

101,108

90,504

82,782

257,O45

2s4,365253,926245,945

98,467,80797,479,643

LO7,050,475

LOl,295,007

225,O24

2rL,3492L!,0462t1,75L

113,309

10L,108

90,659

82,681

257,045254,365252,929245,94s

L25,656,509

!25,277,997

t24,327,545r21,33L,833

2,703,6482,589,L422,534,7822,537,28L

848,41"6

1,364,009

t,263,2621,112,118

1,02t,609328,074

3,022,6083,082,9803,O44,405

2,974,86A

984,549

1,738,O2L,729L,694,077,877

1,78s,098,170r,740,849,265

54L,825,124

PAGE 1 1

PUBLIC UTILITY DISTRICT NO. I OF BENTON COUNTYCAPITAL ADDITIONS AND RETIREMENTS

CURRENT MONTH

4tfl0/2&ã93JI}1¡8$T9 AÐO$TEÈTA RET.IRËME!ÛTg

INTANGIBLE PLANT:OrganizationsFranchises & ConsentsMiscellaneous & lntangible Plant

$28,37910,022

$o $o $28,37910,02229.O78

GENER,ATION PLANT:Land & Land RightsStructures & lmprovementsFuel Holders & AccessoriesOther Efectric GenerationAccessory Electric EquipmentMiscellaneous Power Plant EquipmentTOTAL

TRANSMISSION PLANT:Land & Land RightsClearing Land & Right Of Waysïransmission Station Equipmentïowers & FixturesPoles & FixturesOverhead Conductor & DevicesTOTAL

DISTRIBUTION PLANT:Land & Land RightsStructures & lmprovementsStation EquipmentPoles, Towers & FixturesOverhead Conductor & DevicesUnderground ConduitUnderground Conductor & DevicesLine TransformersServices-OverheadServices-UndergroundMetersSecurity LightingStreet LightingSCADA SystemTOTAL

GENER,AL PLANT:Land & Land RightsStructures & lmprovementslnformation Systems & TechnologyTransportation EguipmentStores EquipmentTools, Shop & Garage EquipmentLaboratory EquipmentCommunication EquipmentBroadband EquipmentMiscellaneous EquipmentOther Capitalized CostsTOTAL

TOTAL ELECTRIC PLANT ACCOUNTS

PLANT HELD FOR FUTURE USE

CONSTRUCTION WORK IN PROGRESS

235,965,569 7r5,565 g1,eo7) 236,609,327

1,130,75918,739,89s9,574,0158,420,735

54,1 08487,239489,1 35

2,538,24222,105,521

1,141,83511 847

1,141,911

770,459

1 ,141 ,911

770,459

1,912,370 1,912,370

156,40025,544

832,047256,175

4,998,452

156,40025,544

832,047256,175

4,998,4524,050,0574 057

10,318,675 10,31 8,675

1,770,966295,502

40,802,79021,545,36913,926,58437,777,93748,672,72632,839,0052,954,701

20,796,05910,455,873

869,552787,826

31,4301 12,036194,23995,88999,1 4640,808

5,84160,73573,695

(17,605)(23,444)(4,383)

(25,472)

(e03)

1,772,712295,502

40,834,2202't,639,80014,097,37937,869,44348,746,40032,879,8132,960,s42

24,856,79410,529,568

868,649787,826

2,470.679

1,746

2.470 ,679

'1 ,130,75918,739,8959,467,7058,420,735

54,1 08487,239489,1 35

2,538,24221,731,183

1,141,835

324,285,608

388,589

1 06,310

374,338

0855 507 733

1,223,298 (7',t,8071 325,437,0e9

- 388,589

- 9,207,4898.951 ,326 256,163

625,523 1,479.461TOTAL CAPITAL 333,

PAGE 12

($71,807) 033,177

PUBLIC UTILITY DISTRICT NO. 1 OF BENTON COUNTYCAPITAL ADDITIONS AND RETIREMENTS

YEAR TO DATE

A!)ÞITIOI,E RËftFÈEllÊEfl¡T'8 ßt}gttË&ltg

ÐÂt-åF¡tE12&31t201A

INTANGIBLE PLANT:OrganizationsFranchises & ConsentsMiscellaneous & lntangible Plant

$28,37910,02229.078

$o $o $28,37910,02229,078

GENERATION PLANT:Land & Land RightsStructures & lmprovementsFuel Hofders & AccessoriesOther Electric GenerationAccessory Electric EquipmentMiscellaneous Power Plant EquipmentTOÏAL

TRANSiIISSION PLANT:Land & Land RightsClearing Land & Right Of WaysTransmission Station EquipmentTowers & FixturesPoles & FixturesOverhead Conductor & DevicesTOTAL

DISTRIBUTION PLANT:Land & Land RightsStructures & lmprovementsStation EquipmentPoles, Towers & FixturesOverhead Conductor & DevicesUnderground ConduitUnderground Conductor & DevicesLine TransformersServices-OverheadServices-UndergroundMetersSecurity LightingStreet LightingSCADA SystemTOTAL

GENERAL PLANT:Land & Land RightsStructures & lmprovementslnformation Systems & TechnologyTransportation EquipmentStores EquipmentTools, Shop & Garage EquipmentLaboratory EquipmentCommunication EquipmentBroadband EquipmentMiscellaneous EquipmentOther Capitalized Costs

TOTAL

TOTAL ELECTRIC PLANT ACCOUNTS

PLANT HELD FOR FUTURE USE

CONSTRUCTION WORK IN PROGRESS

1,141,911

770,459

1,141,911

770 459

1,912,370 1,912,370

156,40025,544

832,047256,175

4,998,4524,050,057

156,40025,544

832,047256,175

4,998,4524.050.057

10,318,675

9,785

9,581448,431

(29,739)(23,444)(7,15s)

(26,107)(122,237)

(2,407)(56e)

10,318,675

1,772,712295,502

40,834,22021,639,80014,097,37937,869,44348,746,40032,879,8132,960,542

20,856,79410,s29,s68

868,649787.826

1,762,927295,502

40,769,31321,406,31913,896,48637,654,84648,493,86831,837,633

2,934,21920,638,00710,412,170

867,764781,212

1 ,130,75918,739,8959,288,2928,347,206

54,1 08487,239489,1 35

2,528,66121,657,090

1,141,83511 662,314

64,907263,220224,337221,752278,639

1,164,41726,323

218,787117,398

3,2927183

234,220,54570

(211,658) 236,609,327

72;529

5

7328

1,130,7s918,739,8959,574,0158,420,735

54,1 08487,239489,1 35

2,538,24222,105,521

1,14'1,83511.847.764185.450

75.526.534 't,002,714 76,529,248

322,046,003

388,589

6,911,759

3,602,754

2,295,730

(211,6s8) 32s,437,099

- 388,589

9,207,489

329,346,351TOTAL CAPITAL

PAGE 13

5,898,484 ($21 1 $335,033,177

PUBLIC UTILITY DISTRICT NO. I OF BENTON COUNTYSTATEMENT OF CASH FLOWS

YTT}4l.&8tæj9

tl/ßorlttrty¡0t3&2enS

CASH FLOWS FROM OPERATING ACTIVITIESCash Received from Customers and CounterpartiesCash Paid to Suppliers and CounterpartiesCash Pald to Employees

$58,214,445(49,866,373)

(4,575,532)

$10,863,409(12,021,695)

(1 ,211,371)

Net Cash Used by Operating Activities

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIESOther lnterest ExpenseNet Cash Used by Noncapital Financing Activit¡es

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIESAcquisition of Capital AssetsProceecjs from Sale of Revenr.le BondsReimbursement of Bond ExpenseBond Principal PaidBond lnterest PaidCapital ContributionsSale of Assetsl{et Gash Used by Capital and Related Financing Activities

CASH FLOWS FROITI INVESTIIì¡G ACTIVIT¡ESlnterest lncomeProceeds from Sale of lnvestmentsPurchase of lnvestmentsJoint Venture Net Revenue (Expense)llet Cash Provided by lnvesting Actívitíes

NET II{CREASE (DECREASE} llr¡ CASH

CASH BALANCE, BEGINiIÍNG

CASH BALANCE, ENDII¡G

RECONCILIATÍOT{ OF NET OPERATITIG INCOIçE TO NETCASH PROVIDED BY OPERATING ACTIVITIES

Net Operating Revenues

Adjustments to reconcile net operating income to net cashprovided by operating activities:

Depreciation & AmortizationUnbilled RevenuesMisellaneous Other Revenue & ReceíptsGASB 68 Pension ExpenseDecrease (lncrease) in Accounts ReceivableDecrease (lncrease) in BPA Prepay ReceivableDecrease (lncrease) in lnventoriesDecrease (lncrease) in Prepaid ExpensesDecrease (lncrease) in Wholesale Power ReceívableDecrease (lncrease) in Miscellaneous AssetsDecrease (lncrease) in Prepaid Expenses and Other ChargesDecrease (lncrease) in Deferred Ðerivative Outflowslncrease (Ðecrease) in Deferred Derivative lnflowslncrease (Decrease) in Warrants Outstandinglncrease (Ðecrease) in Accounts Payablelncrease (Decrease) in Accrued Taxes Payablelncrease (Decrease) in Customer Depositslncrease (Decrease) in BPA Prepay lncentive Creditlncrease (Decrease) in Other Current Liabilitieslncrease (Decrease) in Other Credits

44,2221

(5,000)

(3,467

(5,000)

(5,762,310)

(1,209,315)222,343

13,370

(1,448,326)

(1,209,315)121,076

291(6,735,9r2)

421,5954,000,000

(2,536,2711

106,178

4,121 ,595

(5,463,539)

ç47,760,364

(5,897,69t)

$48,194,506

¡42,296,825

ù

($4,718,773)

3,442,3961,300,000

9,799

(1,085,437)200,000

(169,66s)(146,994)

2,688,1068'1,867

1,194,1891,278,527

(1,001,389)

(2,789,918)(1,918,404)

(4,68e)(53,752)32,388

($921,742)

826,860700,000

4,375

(572,301)50,00051,208

(70, 1 30)1,501,423

13,81348,200

fi

(4,970,587)(44,711)

1 6,806(13,438)(5s,1 84)(28,177)

Net Cash Used by Operating ActivitiesPAGE 14

($3,144,2221 ,585)

PUBLIC UTILITY DISTRICT IIO. I OF BENTON COUNTYWEATHER STATISTICS

Aprit 30, 2019

8070þU504030

re

Jan Feb March April May June July Aug Sept Oct Nov Dec

AverageYear Jan Feb March April May June July Aus Sept Oct ìlov Dec AnnualHistorical Avq 33.4 38.2 46.5 53.4 42.92019 35.1 24.8 37.4 55.5 38.22018 37.7 38.6 45.8 53.8 44.0S-yr Avg 32.7 38.7 47.9 55.4 43.7

PrecYear Jan Feb lllarch April Mav June July Aug Sept Oct lúov Dec AnnualHistorical Avg 0.94 0.70 0.57 0.55 2.762019 1.17 1.65 0.44 0.71 3.972018 1.10 0.35 0.35 1.25 3.055-yr Avg 1.01 0.79 0.76 0.61 3.16

800700

600

500400

300200100

0

Gooling Degree Days (CDDs) for Each Day of Billing Cycle

øôoo

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

Each point on this graph represents thetotal number of CDDS for the precedlng30-day period, i.e., the cumulative CDDSthat are billed on November 1 5 occunedbetween Oclober 15 - November 14.

-2017/2018-20t8/2019. 5-Yr Avg

-,^._

tr¿/

---

Goolinq Deqree Davs by lllonthYear Jan Feb March April ùlay June July ,dug Sept Oct ðov Dec Total2019 2 2

2018 o þ

S-yr Avg 6 b

Cumulative CDDg in Billin2019 22 222018 19 19

5-yr Avg I6 76

1,400

1,200

1,000

800600

400

200

0

Heating Degree Days (HDDs) for Each Day of Billing Cycle

tnooJ

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

-2017 t2018

-2018/20195-Yr Avg

Year Jan Feb March April ll/lay June July Auq Sept Oct Nov Dec Total201 I 923 1.127 857 289 3,1962018 843 740 593 344 2,520S-yr Avg 1,001 74'l 528 295 2,564

Cumulative HDDs in Billin201 I 27,518 29.935 36,050 15,003 108,5062018 31,408 20,959 24,003 14,655 91,025S-yr Avg 32,971 25,338 21,317 12,446 92,071

PAGE 15

PUBLIC UTILITY DISTRICT NO. 1 OF BENTON COUNryBROADBAND SUMMARY

lnceptionto Oate

21,432,045

1'1,909,074

(?,114,7761

(6,69s,695)

$3,159,092

$23,315,000

($9,849,970)

4,956,478

tsqdgetVat'øñcÉ

1,000,42ô

24,000

196

42,842

29,668

176,Ê64

(4,450)

616,E95

507,507

6,355

223,131

3'¡,086,426

73,406

Highltghts

ïhere were nine new Access lnternet locat¡ons and one new dark fiber lease.

Ethernet

Non-Recuffing Charges - ElhernetTDI\¡

Wireless

lnlernet Transport Sery¡ce

Fixed W¡reless

Access lnternet

Non-Recuning Charges - AlBroadband Revenue - Olher

Subtotâl

$124,122

1,500

3,000

26

3,112

3,141

17,61 I750

$1 18,677

500

3,000

26

2,215

3,O74

18,395

1,700

$1 18,E14

500

3,000

26

2,233

3,003

19,585

2,000

2,413,253

1'1

1,,t80,953

TING REVENUES

Maintenånce RevenueOebt

$1 18,S14

2,000

3,000

3,598

3,094

17,738

197,664 192,965 192,182 195,468

36,000

300

54,000

42,000

250,000

$331,'1

108

Maintenance Expense

$1

77,297 107,542 83,823

2,413,253 197,864 192,965 ,t92jß2 195,466

94E,000 62,443

$317

Total Opeâting Revenuês

EXPENSES

77,393

6,431

1 15,540

(7,998)

63,198

14,098

61,407'1,036

General Êxpensesp)

Other Ma¡ntenance

NOC Ma¡ntenance

Wireless Maintenance

Subtotal

1,380

REVENUES & EXPENSES

$1

4763,925573

NÊT

185

lnternaltnterestduetopowerBusinessLlnit(1) ltfZ,sSZ¡ (27,465) (27,3S3) (27,387) (22,j66)

CONTRIBTJTIONS

Tota I Opeât¡ng Ex penses

oPERAT|NG TNCOMË (LOSS) 690,066 69,054 49,580 18,532 45,395

Contribut¡ons in Aid of BroadbandBTOP

Cos¿s

cosT9Member Assessmenls

Membership Support

$t,353,¡ttl $52,218

sl11,799 $83,677

$87,650

.28,001

$e0,205

(1,640)

$36,955

75,166

$267.O2A

$r85,205

CASH (TOYFROM BROADBAND{')

EXPENOITURES

(1) lnternarinrefestþudget¡sest¡matedbasedon€shfrowprcject¡ons(an¡nterestraþof3.53%isbe¡ngused).

(2) lncludes exæss of revenues ovef operating costs, €pìtal expenditures and NoaNet assessmentsi excludes depreciation and ¡nternal ¡nteresl to Electric system(3) The March general dpenses were updated to reflect lhe amonizat¡on of a c¡ty of Richland b!¡ld, that was posted after the Mârch broadband ¡nformaiion was prepared.

PAGE 16

.8ttrTûr

-tP"Ir.OPayroll Report

Pay Period Ending April 28, 2019

2019Actual

2019 Actual to

Executive Administration

(1 00)

1.00

lnformation Technology

(1.00)

4.002.00

(3 00)

(3.00)

lT lnfrastructureIT

4002.40

19.004.00

1 6.004.00

2.003.006.003.00

2.OO

3.006.003.00

O.UU

9.004007.00

6.009.003.007.OO

6.0033.002.005.006.004.007.00

6.0030.002.006.006.004.007.00

7.0011.00

6.0011.00

Human ResourcesCommunications & Governmental Affairs

Customer Programs & ServicesCustomer ServìceProsser Customer Service

Finance & Business ServicesDirector of FinanceTreasury & Risk ManagementAccountingContracts & Purchasing

ËngineeringEngineeringCustomer EngineeringPower ManagementEnergy Programs

OperationsOperat¡onsSupt. Of Transmission & DistributionSupt. of OperationsMeter ShopTransformer ShopAutomotive Shop

Warehouse

Positions

2019Actual

YTD

20194t28t2019

Hours

Positíon% YTD toBudqet

Student WorkerlnternTemporary Records ClerkCSR On-Call/LA - Prosser

EngineeringWarehouseITExecutive AdministrationProsser Branch

353271

138ao1

68s

598lntern

- Kennewick Service2,080

600

3,120520

46117

19o/o

¿6"/õ

164Positions 29%

Time ivalents

As of 4/30/2019 33.3% through rcOo/othe yeat

9 YTD ActualRegular $14,123,697 $4,404,132 31.2%

JIT 152Subtotal 14,812,214 31-60/o

Total 31.64/"

* All Paid [,eave inclucles personal leave, holidays, short-term disability, L&t,jury tluty pay, and military leave puy. Pay Period End¡ng YTD 2019 Annual 2018

4t28t't9

7 5o/o

50o/o

25o/o

0o/o

zot9

PAGE 17

Oovgñ¡me úAll Paid Leave. ORegular