ML13329A166
| ML13329A166 | |
| Person / Time | |
|---|---|
| Site: | San Onofre  |
| Issue date: | 12/31/1991 |
| From: | Carnahan B RIVERSIDE, CA |
| To: | |
| Shared Package | |
| ML13326A865 | List: |
| References | |
| NUDOCS 9206010256 | |
| Download: ML13329A166 (51) | |
Text
PUBLIC UTILITIES RIVERSIDE RIVERSIDE PUBLIC UTILITIES 1990-1991 ANNUAL REPORT I9206010256 920527 PDR ADOCK 05000206 I
RIVERSIDE PUBLIC UTILITIES A MESSAGE FROM THE DIRECTOR 2
CHALLENGE 4
STRENGTH 6
LEADERSHIP 10 TEAMWORK 14 PUBLIC SERVICE 20 FINANCIAL REVIEW 25 PUBLIC UTILITIES RIVERSIDE
PUBLIC UTILITIES RIVERSIDE A MESSAGE FROM THE DIRECTOR In the fiscal year 1990-1991, Riverside Public Utilities, maximization of local water resources characterizes River like virtually every business in the United States, felt the side's management of its independent water supply.
effects of the economic downturn, which were further complicated in the Water Utility by a continuation of the This year, the Water Utility completed construction statewide drought. However, unlike many businesses, of the new six-pump Olivewood Booster Station allowing Riverside Public Utilities remained fiscally strong and Riverside to exchange up to 8,000 acre feet of agricultural continued to provide quality service to the citizens of water for up to 6,400 acre feet of potable water from the Riverside. This annual report emphasizes that in these Gage Canal, a local agricultural water supplier. Strength uncertain times, the residents can still of resources and local teamwork, in this count on their public utilities.
case, have combined to increase the To illustrate this stability, the report resources of both organizations.
is organized around the central themes This strength was further evidenced of: Challenge, Strength, Leadership, when the Water and Electric Utilities Teamwork, and Public Service. River-issued bonds in 1990-1991. The Electric side Public Utilities has met these chal-Utility issued $68.2 million of revenue lenges of the past fiscal year through its and refunding bonds and the Water Util strength, leadership, and teamwork to ity issued $52.8 million in revenue and maintain the highest quality of public refunding bonds. A substantial portion of service. It is during difficult times that these issues will fund $46.8 million in the true character of an organization new capital facilities in the Electric Util becomes most apparent.
ity and $31.3 million of new capital facili Riverside Public Utilities' chief ties in the Water Utility. These bonds were lengso usedhtoprefundsexisting bondshsay strength is its independence of energy and team
$3.8 worko erewostsor bonds water resources. This year that strength i
earlir aher terest rates resulted in savings of $1.7 million over budgeted expenses for supply. Riverside This financial strength and leader participates financially in a number of resources it controls ship was recognized by Moody's and Standard & Poor's, jointly with other utilities. These facilities: the Intermoun-which upgraded electric bonds to Aa and AA-and water tain Power Project, San Onofre Nuclear Generating Sta-bonds to Aa and AA, respectively.
tion, Palo Verde Nuclear Generating Station, and Hoover The City Council, Board of Public Utilities, and Dam, combined with long-term contract purchases to employees of Riverside Public Utilities know that chal create reasonable and stable rates. This year, Riverside lenges will continue in the future. They may not be the signed a new contract with Southern California Edison that will equal $30 million in present value savings over ae ostwe toaytbu t w i e etasenw its eight-year life and a contract with the Bonneville service. I believe the last few words of this report sum it up Power Administration for hydroelectric power to meet the best, "... it is public ownership that distinguishes our peak loads which will equal $11.5 million in present efforts, and public service is both the foundation and result value savings.
of our strength, creating a Utility governed by the philos A strong water conservation program, including city-ophy that it must not only manage its resources well, but wide distribution of water conservation kits and innovative manage itself well as a resource for its community."
Bill D. Carnahan Director, Riverside Public Utilities
Riverside Public Utilities' mission is to provide water and electric services in a safe, reliable, environmentally sensitive, and fiscally responsible manner.
3
CHALLENGE An invitation to trial or contest; to question; a summons to compete.
PUBLIC UTILITIES RIVERSIDE A
CAPACITY FOR CHALLENGE The 1990s have delivered both challenge and promise.
water and electrical resources, the City and its citizens The environment has demanded our critical attention. The have made Riverside Public Utilities financially strong. In economy has pressed our financial resources and business return, Riverside Public Utilities has been able to con acumen. Inherent in these challenges, however, is an oppor-tribute to Riverside's quality of life by providing water and tunity. Times of challenge are the times when we discover electricity at rates below those for most surrounding com ourselves. We find out what we're made of, we reach down munities. These same reasonable and stable rates are in and uncover hidden resources.
centives to new business and industry and help the existing It is times like these when the words "strength" and business community remain competitive.
"leadership" carry special meaning.
As a member of Riverside's team, Riverside Public For Riverside Public Utilities, strength and leadership Utilities employs more than 400 people, contributing more are the day-to-day mainstays of doing business. Strength than $21.7 million in wages and $7.5 million In support of and leadership, however, do not exist in isolation. River-City services to the local economy. In 1990-1991, $11.8 side Public Utilities' strength is drawn from its role as a million was contributed to the City of Riverside's general public utility. Riverside Public Utilities' mission to provide fund by Riverside Public Utilities.
water and electric service in a safe, reliable, environmen-Riverside Public Utilities is also an important team tally sensitive, and fiscally responsible manner requires member in organizations and associations of publicly planning, preparation, and perseverance. These qualities owned utilities. With almost 100 years of experience and have helped to build the strength required to meet the as the second municipally-owned electric utility created in challenges of the 1990s and continue to build new California, Riverside Public Utilities brings an important strengths based on our preparedness for the future.
depth of expertise to the groups of public utilities with Leadership, at Riverside Public Utilities, has its basis in which we work. With groups of smaller providers, we can teamwork. First, there is the Utilities team itself. Hard-assist as leaders, helping them to independently develop, working, professional staff at all levels bring both dedi-manage, and provide electricity and water to their com cation and ingenuity to their work, each making an munities. Among our equals, we bring a long history of important contribution to the resources of Riverside Pub-financial expertise and know-how to the table when oppor lic Utilities as a whole. It is these resources we can count on tunities for new independent electric resources and trans to create new opportunities for Riverside Public Utilities.
mission projects are being considered.
The concept of teamwork, though, is broader than the Strength and leadership, teamwork and public serv Utility alone. Riverside Public Utilities is a member of two ice. These are the ingredients we use to turn the challenges larger teams, the City of Riverside and the community of of the 1990s into real opportunities, now and for the future.
publicly-owned utilities.
This annual report is an exploration of these factors Riverside Public Utilities is an important team member for each of the responsibilities Riverside Public Utilities of the City of Riverside. By supporting and encouraging undertakes: providing electricity, providing water, and in the acquisition and development of independently-owned the course of these activities tserving the public.
reun4iesd ulcUilte a enal ocn
Riverside Public Utilities employs more than 400 people, contributing more than $21.7 million in wages and $7.5 million in support of City services to the local economy. In 1990-1992, $11.8 million was contributed to the City of Riverside's general fund by Riverside Public Utilities. Photograph inset: The Board of Public Utilities is made up of citizens appointed for four-year terms by the City Council: (seated left to right) Esteban Soriano, Roger Luebs (chair),
Ron McCoy, (standing left to right) Paul Osborne, Mary Curtin, Glen Stephens, John Tavaglione.
1990-1991 FISCAL YEAR HIGHLIGHTS ELECTRIC WATER YEAR ENDED JUNE 30 YEAR ENDED JUNE 30 OPERATIONS 1991 1990 1991 1990 Production 1,554 million 1,526 million 65,040 acre feet 67,847 acre feet kilowatt-hours kilowatt-hours System Peak Requirements 404,800 407,000 94 million 95 million kilowatts kilowatts gallons gallons Average Number of Customers(i) 86,808 87,000 58,923 61,000 FINANCIAL (in thousands)
Total Operating Revenues
$152,712
$146,588
$15,967
$16,941 Transferred to City of Riverside General Fund S 9,915
$ 9,652
$ 1,948
$ 1,895 CREDIT RATING MOODY'S INVESTORS STANDARD & POOR'S SERVICE CORPORATION Electric Revenue Bonds Aa AA Water Revenue Bonds Aa AA (1)Certain custoner accounts have been consolidated in fiscal year 1991. See selected statistics.
5
STRENGTH Power in general, whether physical, mental, or due to the possession of resources; the ability for effective action; the capacity for moral effort or endurance; firmness of mind, character, will, purpose.
PUBLIC UTILITIES RIVERSIDE THE ELECTRIC UTILITY In 1895, firmness of purpose and will were the is an example of such contracts. Firm for three years and strengths Riverside demonstrated in creating its own pub-renewable annually thereafter, this 20 megawatts of licly-owned Electric Utility. The City and its citizens were seasonal peaking capacity will save electric ratepayers determined to have their own independent supply of more than $500,000 annually over purchases from Sou electricity, recognizing that inherent in that independence them California Edison (SCE).
was not only the ability to control supply but as a result, to The Bonneville Power Administration (BPA) con create stable, reasonable rates.
tract is a similar long-term agreement for hydroelectric Today, Riverside meets almost 70% of its own energy power to meet peak load needs. On February 1, 1990, needs from a diverse mix of Riverside began to receive resources it controls in partner-energy under the contract, ship with other utilities.
00 which provides 23 megawatts Coal-fired generating fa-80 CAPACITY RESOURCES of summer and 16 megawatts cieasonaipeakingocapy70 of winter peaking capacity.
ciiites wth sate-f-th
-art 60 emission controls, such as the 50 An estimate of the present Intermountain Power Project 0
a value savings from the con (IPP) and the Bonanza Gener-1ilP tract totals $11.5 million. A ating Station in Utah, provide l0 g unique feature of this agree 44.9% of the supply and are 86-87 87-88 88-89 89 90-91 ment enables Riverside to re among the least expensive re-10 ceive electricity from the BPA sources in Riverside's energy 80 ENERGY RESOURCES during the day to meet its mix. The savings associated 70 peak demand and subsequent wih hsersores ow-60 ly return energy to the BPA with thse
- resorces, h
50atng.
ever, are somewhat offset by 40Anestimateofthepresent long distance transmission 30 tract Auus 11,iv 20 OnAgst1 99,Rv requirements.
erside also started to receive Nuclear energy from San 86-87 87-88 88-89 89-90 90-91 power under two new agree Onofre Nuclear Generating LIA Caiori Ed~.iso~
os~n rjec Hoso G&,CDWR ments with SCE. The Inte Staion isTonrshe few aocriGenaion F-1 Economy grated Operat nd subequent lSron is tane tansm iso Transcssion Co rchas as resources that can provide allows Riverside to optimize electricity which meets Sou-its resources in a timely fash thern California's strict air quality regulations. Nuclear ener-ion, reducing the amount of capacity required for reserves, gy from San Onofre Nuclear Generating Station in Sou-and assuring full credit from the operation of Riverside's thern California and Palo Verde Nuclear Generating Station resources. The Power Supply Agreement provides monthly in Arizona account for 22.5% of Riverside's energy supply.
peaking capacity and associated energy at a price signifi Hydroelectricity provides energy that is both renew-cantly lower than SCE's wholesale rate tariff. Over the able and cost-effective, 2.2% of Riverside's energy is sup-eight-year life of this contract, the present value savings plied by facilities at Hoover Dam. Hydroelectricity is one total more than $30 million.
component of the long-term energy sources Riverside Clearly, Riverside's commitment to independent re Public Utilities has acquired to meet mid-peak and peak sources yields great benefits. These benefits are seen on a load requirements. The agreement renegotiated with the yearly basis, such as the $1.7 million saved in actual costs California Department of Water Resources in 1990-1991 for power versus budgeted expenses in 1990-1991. They 6
Y The Electric Utility's system operating, monitoring, and dispatching facility operates the system for regular maintenance and construction as well as working to keep customers in service if there is a problem.
Last year the system operated over 99.99% of the time.
are also seen on a daily basis, as Riverside buys up to 5% of In 1990-1991, electric revenue and refunding bonds its total energy each day in the economy market. In 1990-worth $68.2 million were issued, saving over $1.1 million 1991, Riverside saved over $1.3 million purchasing econ-for electric ratepayers by refunding bonds that were issued omy energy through the Western Systems Power Pool at higher interest rates. Recognition of Riverside Public rather than purchasing this energy from SCE and sold Utilities' financial strength, past and future, was affirmed approximately $2.4 million worth of excess power from when Moody's and Standard & Poor's upgraded electric its own resources in the wholesale market.
bond ratings to Aa and AA-, respectively. Riverside Public These developments and agreements reflect River-Utilities is one of a small and select group of utilities to side Public Utilities' clear understanding that control-obtain the prestige of AA ratings.
ling energy costs and enlightened resource management In addition to these savings, electric ratepayers also have always been the greatest sources of the Electric benefit from the Electric Utility's strength in the form of Utility's strength.
lower rates than many surrounding communities. While Thatelectric rates rose 4% this year, the first increase since 1984, and a result of "firmness of... purpose," has helped secure electricity s
l biEfrsidential and the financial might required to successfully meet the chal-sal c
rcil ue lenges of the 1990s.interestlrate.
7
STRENGTH PUBLIC UTILITIES RIVERSIDE THE WATER UTILITY The strength of Riverside's Water Utility is most overall, the first increase since 1983. Despite this increase, directly vested in its resources. The 1913 purchase of the however, water ratepayers continued to pay substantially domestic systems of three local water companies made less than residents of surrounding areas, with the average Riverside uniquely fortunate among California cities. The customer paying only 57% and 74% of the bills paid for the water rights acquired as a part of these holdings gave same amount of water by Eastern Municipal Water Riverside its own supply and an independence from District and Western Municipal Water District customers, reliance on imported water.
respectively.
In 1990-1991, Riverside met 94% of its water needs Riverside Public Utilities does not, however, take from its own groundwater resources. Riverside's supply either its strength or independence for granted. The Water is created by runoff of rain and snow to the Bunker Hill Utility continues to subscribe to a philosophy of careful Basin in San Bernardino and the North Riverside Basin.
management, ensuring its preparedness to meet the chal Each year, the majority of this precipitation is stored in lenges of the future.
these basins, a high quality water supply naturally fil tered by sand and gravel and tapped for domestic use by In 1990-1991, Riverside Public Utilities, along with 47 operating wells.
the rest of California, mounted an aggressive water conservation campaign to deal with the sixth year of These water resources have formed a foundation of drought. The stated goal was to voluntarily decrease strength for the community, which has, in turn, created Riverside's use of imported water to zero. The program financial strength as well. Water revenue and refunding began in May 1991, with bill stuffers, radio and newspaper bonds issued in the amount of $52.8 million in 1990-1991 ads, and door-to-door distribution of conservation kits yielded $2.7 million in savings for water ratepayers by forming the core activities. Though next year will reflect refunding earlier bonds at higher interest rates. Bond rating the full extent of the program's results, initial monitoring agencies continued to recognize the financial strength showed significant decreases in summer water use. Effec inherent in the independence of resources with Moody's tive resource management, however, must also include upgrading Water Utility bonds to Aa and Standard &
programs for reuse through reclamation and use of non Poor's upgrading the rating to AA.
potable water for Irrigation. Riverside's future plans The Water Utility's financial strength is also evidenced include these options, as well as treatment options for by lower rates. In 1990-1991, water rates rose 5.7%
groundwater supplies.
70 60 50 40 30 20 1990-1991 Water Production Purchased Local j Bu~nker Hill eith Wel
.tsr.
8
LEADERSHIP To guide by persuasion; to direct by one's example; to guide opinion, the direction of activity, or action; to have official initiative.
PUBLIC UTILITIES RIVERSIDE THE ELECTRIC UTILITY When Riverside lit California's first commercial Limited resources and the pressing responsibilities we electric light in 1888, it established a reputation and role as face as caretakers of our environment are primary consider a regional leader.
ations. Rather than seeing these factors as constraints, Thehowever, the Board of Public Utilities and City Council has served to expand that role from electric pioneer to financial leader.
concerns as promising challenges.
As well as having diversified its own power supply It is said that the key to success lies in readiness. The mix ofor greater and greater fundamental challenge to be cost benefits, Riverside also addressed as Riverside plans serves the cities of Azusa, its energy future is how to keep Colton, and Banning as their energy costs down, while par agent in the wholesale power ticipating in a marketplace where arena. Last year, Riverside cannot go forward alone.
saved those cities $11.5 mil-Riverside's leadership is lion by making economy pur-evident in its preparation for chases. In return, Riverside these challenges. The 1990 received more than $280,000 1991 Power Supply Plan is a for providing those services.
blueprint for the future. This In 1990-1991, Riverside 20-year plan allows the Elec and these three cities realized ric Utility to accurately proj that their current agreement, ect future needs and guide the while beneficial, limited the development of new resources potential benefits of mutual in ways that are the most ad cooperation. Together, they vantageous for its customer formed the Power Agency of owners.
California. A joint powers In addition, the Electric agency, this new arrangement Utility continues to examine creates new potential. As the new methods for generating Power Agency of California, greater information on custo these cities can participate in mer use patterns. Surveys, joint contracts for supply and joint ownership of resources, metering, and new software with predictive functions are creating new cost benefits related to economies of scale.
being evaluated for their ability to produce detailed Today's dilemmas are not confined to local concerns, forecasts by rate class.
however. They embrace issues across the globe. The turn These 1990-1991 developments create a new foun of this century harbingers a future for which we must be dation for the Utility's use of integrated resource manage fit in skill, vision, and will if we are to remain success-ment plans. Integrated resource management combines ful leaders.
a varied mix of renewable and non-renewable resources 10
6
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Today, Riverside meets almost 70% of its own energy needs from resources it controls in partnership with other utilities. The Intermountain Power Project and the Bonanza Generating Station supply 44.9% from coal-fired generating facilities with state-of-the-art emission controls. Nuclear generating stations at Palo Verde and San Onofre supply 22.5% and hydroelectricity from Hoover Dam supplies 2.2%.
with load management opportunities to achieve greatest storage (TES), energy efficient lighting retrofits, air con efficiency.
ditioner efficiency, and strategic conservation.
To offset the need to supply increasing amounts of TES systems, storing energy during off-peak hours energy to meet growing peak loads, demand side manage-for use later in the day, represent optimum opportunities ment (DSM) techniques can be used to reduce peaks. In to control peak loads. In 1990-1991, the University of 1990-1991, Riverside Public Utilities prepared a survey of California at Riverside, working with Riverside Public DSM options available to the City that are suitable for Utilities, began to implement a TES system expected to Riverside's load. These suggestions will be considered by reduce peak loads by four megawatts. TES projects of the Board of Public Utilities and City Council in 1992 and this magnitude defer additional capacity purchases and embrace a variety of programs, including thermal energy help keep costs low.
f u
LEADERSHIP PUBLIC UTILITIES RIVERSIDE THE WATER UTILITY In 1990-1991, the Water Utility continued to exercise Riverside Public Utilities water meets or exceeds all leadership in the two areas that present the greatest federal and state standards for water quality. Each year challenges to managing our water resources: water con-more than 5,000 samples are taken and tested for bacteria servation and water quality.
and chemicals. A new monitoring plan to ensure con Guiding by both "persuasion" and "example," the formance with the Safe Drinking Water Act, Total Water Utility launched a broad-based water conservation smling Roga onitorua pu of DC and campaign and began consideration of a water conservation demonstration garden for the new Riverside Public Utili-nitrates that could affect the basin has begun.
ties Operations Center.
Basinwide, Riverside is a leader in promoting cooper Our ndestadingtha waer ad hmanactiityare ation and implementing plans to protect the groundwater Our understanding that water and human activity are interdependent and that water is a limited resource is also supply. This activity includes ensuring appropriate action fundamental to the Water Utility's approach to waterdecontamination and treatment options required as a quality issues.
result of chemicals used at Norton Air Force Base an qualiy isues.EPA superfund site. Next year will bring a program for In 1991, we know that human activity not only compliance with the Lead and Copper Tap Water requires water but can also be the cause of threats to the Monitoring Rule. Riverside's Water Utility has also quality of the water supply. Agricultural runoff can initiated studies and provided testimony on the impact of a percolate through the soil and carry the residues of new proposed rule regulating radionuclides, organizing its fertilizers and pesticides to the groundwater. Toxic sub-efforts on a regional basis to ensure that both economic and stances can also seep through the soil, water quality issues are examined.
WATER STATISTICS 9
5983 942 86.0 0200 Colfor Rue1egno0anay1.19.A7epne
.11. I~~
ANNUAL RAINFALL WATER SALES PEAK DAY DEMAND INCHES BILLION GALLONS MILLION GAL LONS 12
SBUNKER GLe HILL SAN BERNARDINO RIVERSIDE WATER SYSTEM 1990-1991 WATER SYSTEM
- Active Domestic Wells NORTH
- Booster Stations RIVERSIDE o Reservoirs
-Major Pipeline RIVERSIDE S3.D BLINE S UNIVERS. AVG CECL ARUNTA VE.
o*
ALESSANDRO BLVD.
13
TEAMWORK A partnership, alliance, or union toward a common goal; a joint action.
PUBLIC UTILITIES RIVERSIDE THE ELECTRIC UTILITY In 1901, the Riverside Light Department sold 900,000 major consumer-owned utilities in California and provides kwh of electricity all year, enough to run 90,000 100-watt benefits to the state of Utah.
light bulbs for an hour. Riverside's 1990-1991 peak on July At Hoover Dam, the Electric Utility had an aggres 11th was 404.8 megawatts, enough electricity to light more sive and innovative role in funding upgrades for 120 than 4 million 100-watt bulbs simultaneously. Delivering megawatts of additional hydroelectric capacity for Cali that electricity requires teamwork on many levels.
fornia utilities, 30 megawatts of which are contracted for Each year, Riverside's electric system grows to meet use by Riverside.
new demands, to upgrade and renew equipment, and to Riverside Public Utilities also participated with in ensure its electric vestor-owned utili facilities will meet ties to develop two the future demands PEAK CAPACITY
SUMMARY
major nuclear gener foreseen by the CityA ating stations, San ne Palo Verde, San Onofre Onofre and Palo The Electric HYDROELECTRICITY Utility's ability to COAL serve the needs of seek out and actively Intermountain Power Project participate in the CONTRACT PURCuASE utilities in four states.
development and I
Teamwork is financial viability of also a major factor power supply resour-in bringing the elec ces has made River-79 -
tricity from these side Public Utilities 1
93 619 resources home.
a valuable and recog-Today, when trans nized member of the mission distances public power indus-are measured in try. Utility staff have thousands of miles served in executive and costs in billions capacities for both HOR Sof dollars, Riverside the American Pub-participates with lic Power Associa-many other public tion (APPA) and the utilities, so that joint California Municipal Utilities Association (CMUA), as ly they may marshal the resources to make projects of this well as serving on committees of both, scope happen.
Through its efforts as a contractor of power from the Through one of these groups, the Southern California Intermountain Power Project (IPP) and Riverside's role as Public Power Authority (SCPPA), Riverside is partici a member of the IPP Coordinating Committee, the Electric pating in and helping to finance three long distance trans Utility has helped to develop a facility that serves many mission projects. Mead-Phoenix and Mead-Adelanto will 14
RIVERSIDE ELECTRIC SYSTEM 1990-1991 SANK BERNARDINO ELECTRIC SYSTEM Existing 69kv Transmission Line RESOURCES EV 0 Firm Generating eI 4j UH Resources Transmission Lines
-- Proposed Transmission Lines A Transmission Substations TRANSMISSION PROJECTS
( California-Oregon aOor
~Utah-NevadaCnr5n SMead-Adelanto Adelanto-Lugo (Mead-Phoenix PaloVerdMDalin Int Mont'i n
emont i n
SouthernG-.
m a t nit a onta g RESOURCES NEVADA s'n rasmssonLies CALIFORNIA
--- ~
~
~
~
i Lugoe Tanmsso Pow. Plan of design, and should begin construction in 1992.tioelcti rscesi aaa n olan aua st~tioA RIZONA Nuclear Genraing (a)
M ad-AdlantoStation Adelanto-Lugo,~~~~~~~~~~~(A a hid rjetiaintefialsags f gasfclte nIaoootnadCnd.TeSuh ZPalo Verdle-Devers both be firm routes for energy from the Palo Verde Nuclear Pann o
ed eod19 si h al tgs Generating Station and open up other power resources in buthsdiandrmsreegolincp.PloVd the Southwest in 1995. Both have received all environ-Dvr sascn ot o nryfo aoVre h
mental and other licensing permits, are in the final stages UthNvdTrnmsinPoetsaptnilgtwy of design, and should begin construction in 1992.
tohdolcrcesuesiCadandoladntrl Adelanto-Lugo, a third project, is in the final stages of gsfclte nIao otnadCnd.TeSuh the permitting process and also has a completion date west Power Project might open access through southern of 1995.
Arizona to Mexico.
15
TEAMWORK PUBLIC UTILITIES RIVERSIDE THE ELECTRIC UTILITY Closer to home, the Electric Utility is also an impor-the Riverside Substation to a low-profile facility were tant member of a local team, the City of Riverside. The virtually completed. This renovation will provide for an Electric Utility provides more than 280 jobs contributing increase of transformer line positions from four to five more than $15.1 million to the local economy in wages immediately and up to seven in the future. It will also add and benefits. In addition, the Electric Utility is an impor-the potential for five more 69/12kv distribution trans tant source of revenue for the City, paying $4 million in formers. Construction, using mostly Riverside Public support of City services and more than $9.9 million Utilities crews, began in the summer of 1991 and will be directly to the City of Riverside general fund.
completed by 1993 at a cost of $3.9 million.
The Electric Planning for Utility is also an THE 1990-1991 ELECTRIC DOLLAR the University of important part of California at River the City team in Source of Revenue side Substation also thethrtentialntMar m
nace entered its final way. Each year the the sm stages in 1990-199 1.
electric system must grow, must upgrade Aexpansion will ac and renew equip-commodate the ment, and must pre-growth of student pare to meet future enrollment from needs for electrical 8,000 to 18,000 service foreseen by ohased students. Construc the City. It is in that supply Avdlb f tion will begin in capacity that the 5
e~
Residential E
Repllatm1991 teamwork of the
& Industral t
Sales Electric Utility itself In 1990-1991, comes into play.
the $116 million six From engineering year Electric Capital through operations Ouo f v Improvement Pro and field services, gram (CIP) pro the Electric Utility vides for distribu team works to design and operate a system that provides tion system expansions to the Orangecrest, Canyon service 99.99% of the time.
Springs, Lusk/Highlander, and Alessandro Heights resi Since the construction of the present Public Utilities dential areas and the Marketplace, Sycamore Canyon, and Operations Center 35 years ago, Riverside Public Utilities Hunter Park projects in redevelopment areas.
now serves 136% more electric and 84% more water Part of the CIP, a new 69kv transmission line between customers. A new complex, to be constructed in 1992, will the Orangecrest and Springs substations began the envi help to better serve these increased demands.
ronmental review process in 1990-1991. A new $450,000 In 1990-1991, many major electric projects were fiber optics communication system carrying voice and undertaken or completed. Plans for the conversion of data was implemented, linking the Orangecrest, Freeman, 16
The $116 million six-year Electric Capital Improvement Program provides for distribution system expansions to the Orangecrest, Canyon Springs, Lusk/Highlander, and Alessandro Heights residential areas and the Marketplace, Sycamore Canyon, and Hunter Park projects in redevelopment areas. In 1990-1991, Electric Utility crews laid 31.4 miles of new underground distribution lines.
La Colina, and Springs substations. Work also began on (CADME) system. CADME is a complex, multi-year the pilot project to convert all records and maps to the project that will enable Utilities staff to more efficiently new Computer Aided Design, Mapping, and Engineering design, plan, and modify the water and electric systems.
ELECTRIC SYSTEM GROWTH New Residential Services 926 New Underground Distribution Lines 31.4 miles New Commercial/Industrial Services 336 New Service Areas Acquired
.2 square miles New Overhead Distribution Lines
-1.5 miles*
Conversion of 4kv to 12kv Lines 11.8 miles
- More existing overhead distribution lines were placed underground than new lines added resulting in a net decrease to the overhead system.
17
TEAMWORK PUBLIC UTILITIES RIVERSIDE THE WATER UTILITY The Water Utility's commitment to water conservation agreement, called the Gage Canal Exchange, Riverside and leadership on regional water quality issues has made receives up to 6,400 acre feet of water from the Gage Canal Riverside an important team member of several regional, at the City's Linden and Evans reservoirs. In return, state, and federal associations addressing these challenges.
Riverside pumps up to 8,000 acre feet of agricultural water Utility staff participate in and serve on the water from the Riverside Canal at the Olivewood Booster quality and groundwater committees of the Association of Station into the Gage Canal. The City of Riverside California Water Agencies (ACWA), the Southern Cali-increases its potable water supply and the Gage Canal fornia Water Committee (SCWC), and help to support the Company receives additional agricultural water, both research efforts of maximizing the effi the American Water cient use of a scarce Works Association THE 1990-1991 WATER DOLLAR resource.
(AWWA).
Tf te The Water Util The best exam-Linden Fd
- ity, like the Elec pRe of the Water tric Utility, is also a Utility's teamwork R
valued member of in 1990-1991 is' the City of River however, local. In side team. Provid 1990-1991, the ing 130 jobs, the Water Utility ni Water Utility con tiated and partici-tributes almost $6.6 ple oflio the Waterca pated in a new ar-Avilbl milontoteloa ran t
th e
economy in wages
,and benefits. Riv Gages Cana Con4sdn
& Industria erside also benefits pany that helped a
he Rte-.
IncoersSas from the $3.5 mil each to maximize its lionethetWlttr Uti eity spends for City The historic Distribution of Revenue services as well as Gage Canal Com-the $1.4 million the pany is an important Water Utility trans local supplier of agricultural water, primarily to area citrus ferred to the City's general fund last year.
farms. The water being transported for those uses, how-The Water Utility is also an example of how ever, is high quality and potable. Riverside's Water Utility teamwork operates to benefit the customer-owners of has a large supply of non-potable agricultural water Riverside Public Utilities.
available, bupfewtagricultrallcustomers More than one-quarter of the water engineering staff This year, the Water Utility completed construction of are registered civil engineers. This highly qualified staff a new six-pump booster station, allowing Riverside Public means that many of the Water Utility's projects, such as Utilities to exchange agricultural water from the Riverside booster stations, wells, and transmission lines can be Canal for potable water from the Gage Canal. Under this designed in-house. In-house design provides a cost-effective 18
This year, the Water Utility completed construction of a new six-pump booster station at the Olivewood Booster Station, allowing Riverside to exchange agricultural water for potable water from the Gage Canal.
alternative to paying fees for design consultants, helping to Also part of the $79 million six-year Water Capital keep rates low.
Improvement Plan were the completion of the new Garner WaterD well, producing more than 2,200 gallons per minute of Wate opratons engneeing plnnin, ad feld potable water, and the improvement of water pressure to a staff are long serving, dedicated team members. They portion of the Arlington area through completion of the support and maintain a system that serves water customers 9,000-foot Cypress Avenue water transmission main.
almost 100% of the time, while planning and providing for Preliminary design was completed for the Mockingbird system expansions to meet future City needs.
Canyon Spillway, a $1.3 million project required by the In 1990-1991, Water Utility projects under the state Division of Safety of Dams for storm control.
Capital Improvement Plan included the completion of the University City and Tilden booster stations. Construction design was started on two new underground reservoirs:
WATER SYSTEM GROWTH University City at 3 million gallons and Van Buren at 7.5 million gallons. Both are underground, thereby protect ing sensitive views and neighborhood aesthetic qualities.
New Water Services 662 In addition, these new reservoirs meet goals for the storage New Water Mains and Appurtenances 13 miles of water available during lower use periods for peak use, Well Production 20 billion gallons as well as emergency capacity in the event of a natural New Booster Station Capacity 15.5 million disaster such as an earthquake.
gallons/day 19
PUBLIC SERVICE Work done by or made on behalf of the community; activity devoted to the use and enjoyment of a resource by the community; activity devoted or directed to the promotion of the general welfare.
PUBLIC UTILITIES RIVERSIDE Strength, leadership, teamwork. The Electric Utility nation for holiday decorations in the business areas of and the Water Utility demonstrate all three. The most im-Downtown, Magnolia Center, and Arlington. Today this portant factor, however, is that these qualities are devel-spirit of service also expresses itself through programs such oped and valued in the service of the public. For it is the as WE CARE/HHEARTS, which offers free energy and public that owns Riverside Public Utilities.
water conservation information and services to seniors and As a result, at Riverside Public Utilities, customer the disabled. In 1990-1991, almost 1,000 visits were made service is also clearly public service. Customer service by senior citizen employees who conduct energy and water employees are proud to serve their community, taking use audits, give advice, and install weather stripping, water more than 189,000 calls and greeting more than 80,000 heater blankets, door sweeps, low-flow showerheads, and people at office and drive-through facilities.
water conservations kits.
In 1990-1991, Riverside Public Utilities further recog-SHARE, Sharing Households Assist Riverside's nized the importance of its customer-owners and imple-Energy Fund, is another community program that exem mented new customer service training programs at all staff plifies Riverside Public Utilities' tradition of service. A levels. Better training improves staff ability and, as a result, joint program of Riverside Public Utilities and the County customer satisfaction.
of Riverside Departmentof Community Action, voluntary Riverside Public Utilities has always believed in donations to the SHARE Fund by Utility customers are service to the community. Annually since the turn of the used to provide low-income residents with Utility bill and century, Riverside Public Utilities has provided illumi-deposit assistance.
~A#
20
RIVERSIDE IS WATER AWA In 1990-1991, Riverside Public Utilities expanded its water conservation campaign. The stated goal was to voluntarily decrease Riverside's use of imported water to zero.
Photograph at left: Riverside Public Utilities provides service to more than 86,800 electric customers and nearly 59,000 water customers.
21
PUBLIC SERVICE PUBLIC UTILITIES RIVERSIDE In 1990-1991, $24,716 was raised through more than 1990-1991, more than 1,200 fifth-graders participated In 8,000 SHARE donations to assist low-income customers the annual "Water is Life" poster contest, a program jointly who require temporary help. Program applications and sponsored by four water agencies in the region.
disbursements are administered through the Department Children were also an important focus of the 1990 of Community Action.
1991 water conservation campaign. More than 3,000 stu Riverside Public Utilities' commitment to public dents and adults participated in a Water Awareness Month service has remained constant. The demands of limited Kickoff event hosted by television weather personality resources and a changing future have meant, however, that Dr. George Fischbeck.
public service has also come to mean public education.
In 1990-1991, the Board of Public Utilities extended In 1990-1991, new public information efforts orga-conservation activities beyond May, California's desig nized into a master-planned program last year, yielded a nated Water Awareness Month. A full summer program 98% increase in requests for information for a total of was implemented, beginning with the door-to-door distri 16,400 requests.
bution of almost 90,000 water conservation kits and an swering 4,660 requests for low-flow showerheads. Subse Energy conservation programs continued to experi-quent bill stuffers and radio and newspaper advertising ence increases. COOL CA$H, a program offering rebates increased requests for information on water conservation on energy efficient cooling equipment, reached 396 cus-by 216%.
tomers, a 70% increase. Rebates to swimming pool owners And so, it is public ownership that distinguishes our who operate their pool pumps in off-peak hours increased er a
by 134 for a total of 3,508 participants.result of our strength, creating a Utility governed by the School education programs provided more than 1,500 philosophy that it must not only manage its resources well, students with over 8,000 pieces of information. Again in but manage itself well as a resource for its community.
22
Riverside Public Utilities' strength is drawn from its role as a public utility, serving its community and customer-owners in a way that helps the community meet the challenges of the 1990s.
Photograph at left: More than 3,000 gathered to hear television weather personality Dr. George Fischbeck kick-off Water Awareness Month in May 1991. Riverside's water conservation campaign included bill stuffers, radio ads, door-to-door distribution of water conservation kits, and free low-flow showerheads.
23
RIVERSIDE PUBLIC UTILITIES PUBLIC UTILITIES RIVERSIDE EMPLOYEE RECOGNITION Leon Chagolla Abraham Torres Troy F. Stinson In June of 1991, Leon Chagolla Abe was hired by the City on On May 7,1991,Troy F. Stinson completed 35 years of service with the March 13, 1957, as a Laborer, and completed 35 years of service with City of Riverside. Before coming to progressed via self-training through Riverside Public Utilities.
the City, Leon attended Poly High the positions of Serviceman, Plumber, School in Riverside. After high school and Plant and Equipment Mechanic, a
e the morit ofehi boyhoo he served four years in the U.S.
to his present job of Maintenance in the ty o
t Cf in western Marine Corps, with combat duty dur-Electrician. He is a talented electrician ing the Korean War.
and has been very proficient in train-Kern County. He graduated from Taft Leon retrne hom from the Union High School in 1955. Troy Leo reurnd omefro th indohrs nd woeemrkingy weit o tie went to Taft Junior College until he Marine Corps in April and started versteme went to work for Riverside Public working for the City's Sanitation Utilities. He married Hilda in June of Division on June 25,1956. He worked Abe was born on January 14, 1958 and has two boys, Kenneth and with the Sanitation Division until 1934, in Wailuku, Hawaii, and atten-Kevin. Kevin is also employed by transferring to the Water Division in ded high school at H.P. Baldwin High Riverside Public Utilities as a Water 1968 as a Construction and Mainte-in Wailuku on Maui Island. He also works Pipefitter. Troy has lived in nance Worker. He worked his way attended Riverside Community Col-Riverside for the last 17 years.
through the classifications to Journey-lege to enhance his skills as an electri man Pipefitter with a special interest cian. Abe came to the mainland in I
in the Fire Hydrant Maintenance Pro-'60s.
inheir~yrat~inennc~r 152an jine h
Mrn He has held many positions in the gram, a program that Leon saw grow Corps where he was assigned sea duty Electric Utility and presently holds from less than 3,000 fire hydrants 20 on the USS Yorkshire.
years ago to more than 6,000 firethpoionfUilieFed or hyea sag to m re tan 6,0.fr Abe is marr ed and has 5 chil-nator, which supervises all electric hydrantsdren, with whom he maintains a close and water field forces.
Leon is a conscientious, dedi-family relationship. He enjoys camp cated, and loyal employee. He has ing, fishing, and swimming with his personally maintained each fire hy-family, and volunteers many hours to drant in the City a number of times, church-related activities.
knowing that any hydrant, at any time, may be needed to save life or 24 property.
CITY OF RIVERSIDE PUBLIC UTILITIES RIVERSIDE FINANCIAL STATEMENTS
CITY OF RIVERSIDE RIVERSIDE PUBLIC UTILITIES PUBLIC UTILITIES RIVERSIDE FINANCIAL REVIEW Riverside Public Utilities is a municipal corporation, rate stabilization account. The reduction in the rate sta and as part of the City of Riverside has no stockholders and bilization account was dampened by the receipt of pays no dividends. Riverside Public Utilities pays for the
$9.6 million in refunds from Southern California Edison.
cost of operation and debt service through revenues from These funds will be used in future years to help mitigate its customers. Approximately 50 percent of annual capital rate increases.
expenditures are made from revenues, with the remaining The Water Utility experienced a decline in sales capital facilities financed via electric and water revenue bonds and contributions in aid of construction,.eeu f$7,0 u
o eue ae ouea h bond an conribtios inaidof onstucton.drought continued into its fifth year. The Water Utility's Riverside Public Utilities finished the 1990-91 fiscal financial plan includes a 6 percent rate increase in fiscal year prepared to meet the coming challenges that the year 1991-92. This rate increase was planned to cover drought and a slowing economy will present. To help fund capital expenditures and increased operating costs, and is capital programs over the next three years, Riverside issued unaffected by the reduction in sales due to the presence of both water and electric bonds. The Electric Utility issued sufficient reserves to cover any temporary shortfall in
$68.2 million of revenue and refunding bonds to fund revenues. Riverside's water rates remain lower than sur
$46.3 million in new capital. The Water Utility issued rounding agencies due to Riverside's use of local ground
$52.8 million in revenue and refunding bonds to fund water supplies. The protection of this resource remains
$31.3 million of new capital. In addition, Riverside took high on the Utility's agenda, as the cost of water treatment advantage of historically low interest rates to refund out-has significant impact on the Utility's rates.
standing debt for gross savings of $3.8 million over the next 21 years. The true interest cost (TIC) on the electric bonds Capital expenditures in the Electric Utility totaled was 6.94 percent, while the water bonds were issued with
$19.5 million, including the purchase of land for the Utili a TIC of 6.80 percent.
ties' new operation center. This facility is to be completed in fiscal year 1992-93 at a cost of $9 million.
Riverside's financial strength and strong service area were evident as Moody's rated both Utilities' bonds as Aa, Water Utility capital expenditures increased by al while Standard & Poor's rated the Electric Utility's bonds most 25 percent, to $7.9 million. Included in these ex at AA-and the Water Utility at AA. These ratings repre-penditures are the beginnings of a $25 million capital sented an upgrade for both Utilities.
program designed to increase reservoir storage capacity.
Sales in both the Water and Electric Utilities slowed Capital expenditures in future years are expected to rise during the past fiscal year. This was reflected in a lower above these levels as reservoir capacity is added to increase in revenues in the Electric Utility and a decline the system.
in revenue in the Water Utility. Sales revenue in the In addition to the cost of operation, Riverside Public Electric Utility increased 6.0 percent due partially to a Utilities pays for all services rendered on its behalf by other 1.8 percent increase in energy sales and a 4 percent rate City departments and transfers up to 11.5 percent of its increase that was effective in May 1991. This rate increase prior year revenues to the City's general fund. In fiscal year was the first increase in electric rates since 1984. Revenues 1990-91, the Electric Utility transferred $9.9 million, while were further supplemented by $17.8 million from the the Water Utility transferred $1.9 million.
26
CITY OF RIVERSIDE THE ELECTRIC UTILITY PUBLIC UTILITIES RIVERSIDE ELECTRIC UTILITY SELECTED STATISTICS POWER SUPPLY (mwh) 1990/91 1989/90 1988/89 1987/88 1986/87 San Onofre 264,500 239,500 272,500 237,100 263,700 Intermountain Power 697,800 795,400 716,100 641,300 396,800 Palo Verde 84,700 27,800 58,300 51,500 42,300 Hoover 33,700 24,100 16,800 38,400 Firm contracts 358,300 314,000 229,700 292,300 156,100 Non-firm contracts 79,000 77,600 112,000 63,400 202,600 Southern California Edison 36,000 47,200 54,400 20,800 196,700 Total 1,554,000 1,525,600 1,459,800 1,344,800 1,258,200 System peak (mw) 404.8 407.0 367.2 317.6 292.2 ELECTRIC USE Average number of customers Residential("
78,317 78,795 76,087 74,195 72,197 Commercial 8,156 8,083 7,620 7,169 6,677 Industrial 189 186 196 193 330 Other 146 146 148 148 150 Total 86,808 87,210 84,051 81,705 79,354 Millions of kilowatt-hour sales Residential 546 516 503 452 431 Commercial 381 356 333 298 279 Industrial 526 527 534 480 439 Other 42 41 43 41 42 Total 1,495 1,440 1,413 1,271 1,191 Average annual kwh per residential customer 6,972 6,549 6,611 6,092 5,970 Average price (cents/kwh) 9.06 9.10 9.04 9.28 9.27 Debt as a percent of net plant(
2 )
79.0%
78.8%
85.4%
89.1%
93.6%
Operating income as a percent of operating revenues 15.4%
10.4%
8.2%
13.5%
19.6%
Employees 284 264 259 243 225
"'Private area lights were reflected as individual customers in prior years. In 1990-91, these accounts were combined with the residence, resulting in a net decrease in residential customers.
2Net plant includes nuclear fuel inventory and work in progress.
27
CITY OF RIVERSIDE THE ELECTRIC UTILITY PUBLIC UTILITIES RIVERSIDE BALANCE SHEET June 30 1991 1990 Assets (In Thousands)
Utility plant:
Production
$114,811
$113,295 Transmission 10,934.
8,402 Distribution 115,572 98,794 General 6,931 5,747 248,248 226,238 Less accumulated depreciation (76,914)
(68,287) 171,334 157,951 Construction in progress 21,029 19,203 Nuclear fuel, at amortized cost 5,350 6,097 Total utility plant 197,713 183,251 Restricted assets 69,284 32,508 Current assets:
Cash and investments 13,382 22,599 Accounts receivable, net 23,172 15,772 Accrued interest receivable 1,000 1,171 Prepaid expenses 4,598 4,021 Nuclear materials inventory 356 344 Total current assets 42,508 43,907 Other assets:
Unamortized project costs 43 184 Bond issuance cost 1,174 0
Total assets
$310,722
$259,850 The notes to the financial statements are an integral part of this statement.
28
CITY OF RIVERSIDE THE ELECTRIC UTILITY PUBLIC UTILITIES RIVERSIDE BALANCE SHEET June 30 1991 1990 Capitalization and liabilities (In Thousands)
Customers' equity:.
Retained earnings Reserved
$ 22,412
$ 17,813 Unreserved 10,000 10,000 Total retained earnings 32,412 27,813 Contributed capital 30,626 24,460 Total customers' equity 63,038 52,273 Long-term obligations, less current portion 188,670 141,576 Total capitalization 251,708 193,849 Other non-current liabilities:
Decommissioning liability 6,439 4,696 Rate stabilization account, less current portion 10,520 13,898 Total non-current liabilities 16,959 18,594 Current liabilities payable from restricted assets:
Accrued interest payable 3,437 2,570 Current portion of long-term obligations 3,302 3,110 Total current liabilities payable from restricted assets 6,739 5,680 Current liabilities:
Accounts payable 5,637 9,953 Accrued liabilities 4,321 3,901 Rate stabilization account 23,000 27,873 Customer deposits 2,358 Total current liabilities 35,316 41,727 Commitments and contingencies Total capitalization and liabilities
$310,722
$259,850 The notes to the financial statements are an integral part of this statement.
29
CITY OF RIVERSIDE THE ELECTRIC UTILITY PUBLIC UTILITIES RIVERSIDE STATEMENT OF OPERATIONS AND RETAINED EARNINGS For the Fiscal Years Ended June 30 1991 1990 Operating revenues:
(In Thousands)
Residential
$47,858
$44,670 Commercial and industrial 83,505 79,276 Sales to other utilities 2,485 2,004 Provision for rate stabilization 17,815 19,497 Other 1,049 1,141 Total operating revenues 152,712 146,588 Operating expenses:
Purchased power 93,585 98,405 Operations 21,734 20,304 Maintenance 5,044 4,421 Depreciation and amortization 8,884 8,236 Total operating expenses 129,247 131,366 Operating income 23,465 15,222 Non-operating revenues (expenses):
Interest income 3,254 4,700 Interest expense (10,610)
(10,486)
Loss on retirement of utility plant (73)
(41)
Other 103 260 Non-operating revenues (expenses)
(7,326)
(5,567)
Income before operating transfers 16,139 9,655 Operating transfer out:
General fund contribution (9,915)
(9,652)
Net income before extraordinary loss 6,224 3
Extraordinary loss on advance refunding (1,625)
Net income 4,599 3
Retained earnings, July 1 27,813 27,810 Retained earnings, June 30
$32,412
$27,813 The notes to the financial statements are an integral part of this statement.
30
CITY OF RIVERSIDE THE ELECTRIC UTILITY PUBLIC UTILITIES RIVERSIDE STATEMENT' OF CASH FLOWS For the Fiscal Years Ended June 30 1991 1990 Cash flows from operating activities:
(In Thousands)
Cash received from customers and users
$ 147,671
$ 146,158 Cash paid to suppliers and employees jj31586)
(13,894)
Net cash provided by operating activities Cash flows from non-capital financing activities:
Nuclear material inventory (12) 42 Operating transfers out (9,915)
(9,652)
Non-operating revenue 103 260 Net cash used by non-capital financing activities (9,84)
Cash flows from capital and related financing activities:
Proceeds from the sale of revenue bonds 63,045 Purchase of fixed assets (19,543)
(15,590)
Proceeds from the sale of fixed assets (74) 44 Principal paid on revenue bonds (17,715)
(2,937)
Interest paid on revenue bonds (10,444)
(10,787)
Contributed capital 2217 Net cash provided (used) by capital and related financing activities Cash flows from investing activities:
Income from investments 41 Net increase (decrease) in cash and cash equivalents 27,559 (25,629)
Cash and cash equivalents, July 1 Cash and cash equivalents, June 30
$ 82666 J 5307 Reconciliation of operating income to net cash provided by operating activities:
Operating income
$23,465
$15,222 Adjustments to reconcile operating income to net cash provided by operating activities:
Depreciation expense 8,884 8,236 Provision for uncollectible accounts 776 907 (Increase) decrease in prepaid items (577)
(1,057)
(Increase) decrease in utility billed (779)
(1,056)
(Increase) decrease in utility unbilled (4,468)
(57)
(Increase) decrease in accounts receivable (2,512) 373 (Increase) decrease in intergovernmental receivable (130)
(265)
(Increase) decrease in due to other funds (287) 0 Increase (decrease) in accounts payable (3,244) 1,489 Increase (decrease) in accrued payroll payable 31 41 Increase (decrease) in compensated absences 388 433 Increase (decrease) in retainage (227) 177 Increase (decrease) in intergovernmental payable (1,086)
(364)
Increase (decrease) in deposits 2,359 0
Increase (decrease) in decommissioning liability 1,743 1,682 Increase (decrease) in rate stabilization account (8251) 19,497)
Net cash provided by operating activities
$__6,085_
_$__6264_
Schedule of non-cash investing, capital, and financing activities:
Contributions in aid of construction
$ 86
,551 The notes to the financial statements are an integral part of this statement.
31
CITY OF RIVERSIDE THE ELECTRIC UTILITY PUBLIC UTILITIES RIVERSIDE NOTES TO THE FINANCIAL STATEMENTS Fiscal Year Ended June 30, 1991 NOTE 1.
SUMMARY
OF Utility pays this fee to its operating agent, Southern SIGNIFICANT ACCOUNTING POLICIES California Edison Company, on a quarterly basis.
The Electric Utility exists under, and by virtue of, the City Charter enacted in 1883, and is a component unit of the City of Riverside (City). The Electric Utility is Proceeds of revenue bonds yet to be used for capital responsible for the generation, transmission, and distribu-projects, as well as certain resources set aside for debt tion of electric power for sale in the City.
service are classified as restricted assets on the balance sheet because their use is limited by applicable bond Basis of Accounting covenants. Funds set aside for the nuclear decommission The financial statements of the Electric Utility are ing reserve and the operating cash reserve are also classified presented in conformity with generally accepted account-as restricted assets because their use is legally restricted to a ing principles as applicable to governments and sub-specific purpose.
stantially in conformity with accounting principles pre scribed by the Federal Energy Regulatory Commission, except for the method of accounting for contributed capital The City pools idle cash from all funds for the purpose described below. The Electric Utility is not subject to the of increasing income through investment activities. In regulations of the Federal Energy Regulatory Commission.
vestments are carried at cost, which approximates market value. Interest income on investments is allocated to the Utility Plant and Depreciation various funds of the City on the basis of average daily cash All utility plant is valued at historical cost or estimated and investment balances.
historical cost, if actual historical cost is not available. Cost During fiscal year 1991, the Electric Utility retro includes labor; materials; allocated indirect charges such as actively adopted GASB Statement No.9, "Reporting Cash engineering, supervision, construction and transportation Flows of Proprietary and Non-Expendable Trust Funds equipment, retirement plan contributions and other fringe and Governmental Entities That Use Proprietary Fund benefits; and certain administrative and general expenses.
Accounting." All highly liquid investments, including Contributed plant is valued at its estimated fair market restricted assets, with a maturity of three months or less value on the date contributed. The cost of relatively minor when purchased are considered to be cash equivalents.
replacements is included in maintenance expense.
Cash and investments held on behalf of the Electric Utility Depreciation is provided over the estimated useful by the City Treasurer are considered highly liquid and are lives of the related assets using the straight line method.
classified as cash equivalents in the statement of cash flows.
The estimated useful lives are as follows:
Production plant.........................
30 years Transmission and distribution plant.... 20-50 years The City maintains a separate Central Stores inven General plant and equipment........... 5-15 years tory. The Electric Utility expenses items as they are drawn out of Central Stores. As such, the Electric Utility does not Nuclear Fuel include inventories on its financial statements.
The Electric Utility amortizes the cost of nuclear fuel to expense using the "as burned" method. In accordance Bond Discounts and Issuance Costs with the Nuclear Waste Disposal Act of 1982, the Electric Bond discounts and issuance costs are deferred and Utility is charged one mill per kilowatt-hour of energy that amortized over the term of the bonds using the effective is generated by the City's share of San Onofre Nuclear interest method. Bond discounts are presented as a Generating Station's Units 2 and 3 to provide for estimated reduction of the face amount of bonds payable whereas future storage and disposal of spent fuel. The Electric issuance costs are recorded as deferred charges.
32
CITY OF RIVERSIDE THE ELECTRIC UTILITY PUBLIC UTILITIES RIVERSIDE Contributed Capital Utility's fiscal 1991-92 budget includes the recognition of Amounts received from customers and others for con-revenues in the amount of $23,000,000 from the RSA to structing utility plant are combined with retained earnings be used to offset fiscal year 1991-92 rate increases.
to represent customers' equity. Accordingly, contributed The following is a summary of changes in the rate capital is shown in the accompanying balance sheet as an stabilization account for fiscal years 1991 and 1990.
equity account and is not offset against utility plant.
1990-91 1989-90 Depreciation on contributed assets is expensed.
Balance, July 1
$41,771,000
$61,268,000 Nuclear Decommissioning Reserve Increases:
Refunds from SCE 9,564,000 Federal regulations require the Electric Utility to Decreases:
provide for the future decommissioning of its ownership Current year share of the nuclear units at San Onofre. The Electric provision (17,815,000)
(19,497,000)
Utility has established a reserve fund for the decommis-Balance, June 30
$33,520,000
$4 000 sioning of the nuclear power plant and restoration of the beachfront at San Onofre. These reserve funds are During fiscal year 1991, the Electric Utility received included in restricted assets on the balance sheet. The
$9,564,000 in refunds from SCE for the settlement of Electric Utility funds the reserve and recognizes expense previous wholesale rate disputes.
over the useful life of the generating plant. Prior to fiscal year 1991, the Electric Utility maintained the reserve fund.
Customer Deposits During 1991, a separate trust account was established for The City holds customer deposits as security for the prior and future amounts funded and these amounts were payment of Utility bills. The Electric Utility's portion of reclassified to restricted assets in the accompanying bal-these deposits as of June 30, 1991, was $2,358,000. As of ance sheet. To date, the Electric Utility has set aside June 30, 1990, customer deposits were held by the City in
$6,439,000 in cash and investments at the trustee as River-a fund separate from the Electric Utility. The Electric side's estimated share of the decommissioning cost of San Utility's portion of customer deposits held by the City at Onofre. Based on a cost estimate completed by Southern June 30, 1990, was $1,807,000.
California Edison (SCE) and approved by the California Public Utilities Commission, the Utility plans to set aside Revenue Recognition approximately $1,380,000 per year to fund this obligation.
The Electric Utility uses the accrual basis of account Decommissioning should commence around the year 2015.
ing. Revenues are recognized when earned and expenses Rateare recognized when incurred. Electric Utility customers RateStailiztio Accuntare billed monthly. Unbilled electric service charges are The Electric Utility's rules and regulations provide for recorded at year-end and are included in accounts receiv a rate stabilization account (RSA), which is used to offset able. Unbilled accounts receivable totaled $4,688,000 at changes in the cost of providing power. Wholesale rate June 30, 1990, and $9,156,000 at June 30, 1991. An refunds and over or under collections of revenues resulting allowance for doubtful accounts is maintained for utility from the difference between the Electric Utility's actual and miscellaneous accounts receivable. The balance in this costs of supplying electric power and energy and the account is adjusted at fiscal year-end to approximate the amount billed to customers through existing rates are re-amount anticipated to be uncollectible. The balance in the corded in the RSA. The amount of the RSA is determined allowance account was $945,000 at June 30, 1990, and in accordance with a formula based on retained earnings
$1,499,000 at June 30, 1991. During the fiscal year, not exceeding the required reserve for debt service plus accounts determined to be uncollectible are recorded as a $10,000,000 reserve for working capital. The Electric bad debt expense.
33
CITY OF RIVERSIDE THE ELECTRIC UTILITY PUBLIC UTILITIES RIVERSIDE Compensated Absences future years. The deferred compensation is not available to The accompanying financial statements include accru-employees until termination, retirement, death, or an un als for salaries, fringe benefits, and compensated absences foreseeable emergency (as defined in the deferred com due employees at June 30,1991. The Electric Utility treats com-pensation plan).
pensated absences due employees as a current liability. The All amounts of compensation deferred under the plan, amount accrued for compensated absences was $3,581,000 all property and rights purchased with those amounts, and at June 30, 1990, and $3,969,000 at June 30, 1991.
all income attributable to those amounts, property or rights Employees receive 10 to 20 vacation days a year based are (until paid or made available to the employee or other upon length of service. A maximum of two years vacation beneficiary) solely the property and rights of the City, can be accumulated and unused vacation may be redeemed subject only to the claims of the City's general creditors.
for cash upon separation.
Participants' rights under the plan are equal to those of Employees receive one day of sick leave for each general creditors of the City in an amount equal to the fair month of employment, with unlimited accumulation. Em-market value of the deferred account for each participant.
ployees who terminate for reasons other than retirement or death lose all accumulated sick leave. Upon retirement or Eployee etirem ni Plan death, a percentage of unused sick leave is paid to certain e
itymcontribtes to the alf n Pulipl employees or their estates in a lump sum based on e Retirement System (PR) an ae m
longevity. Employees hired in the general bargaining unit pmoy ivem rment yste act a a after July 1, 1979, cannot redeem unused sick leave. A liability is recognized for the portion of accumulated sick pating public entities within California. All permanent leave benefits that is estimated to be settled upon retire-full-time and selected part-time employees are eligible for ment or death.
participation in PERS. Benefits vest after five years of service and are determined by a formula that considers the Self-Insurance Program employee's age, years of service, and salary. As an exam
- Theple, employees may retire at age 60 and receive 2 percent program for workers' compensation and general liability seri o
eted.
s rt r
a e
o5 coverage that is administered by the City. The Electric rceemalese Eenta e reh a oee PERS Utility pays an amount to the City representing an estimate alsoiprovides detad disaiyeenef se bef of amounts to be paid for reported claims incurred and unreported claims based upon past experience, modified provisions and all other requirements are established by for current trends and information.
state statute and City ordinance.
While the ultimate losses incurred through June 30, Employee contributions are 7 percent, while the Utili 1991, are dependent upon future developments, manage-remaining amounts neces ment believes that amounts paid are sufficient to cover basi rommene by the actuaril such losses.baireomnebytePRacureancnslns such lsses.and adopted by the PERS Board of Administration. These Deferred Compensation benefit provisions and all other requirements are estab and Employee Retirement Plans lished by state statute and City ordinance. The Utility pays both the employee and employer contributions. Citywide Deferred Compensation Plan information concerning elements of unfunded pension The City offers its employees a deferred compensation benefit obligations, contributions to PERS for the year plan created in accordance with Internal Revenue Code, ended June 30,1991, and recent trend information maybe Section 457. The plan, available to all City employees, found in the notes of the City's "Comprehensive Annual permits deferral of a portion of an employee's salary until Financial Report" for the fiscal year ended June 30, 199 1.
34
CITY OF RIVERSIDE THE ELECTRIC UTILITY PUBLIC, UTILITIES RIVERSIDE General Fund Contribution Budgets and Budgetary Accounting Pursuant to the City Charter, the Electric Utility may The Electric Utility presents, and the City Council transfer up to 11.5 percent of its prior year's gross operating adopts, an annual budget. The proposed budget includes revenues to the City's general fund. In fiscal years 1989-90 estimated expenditures and forecasted revenues. The City and 1990-91, the Electric Utility transferred 7.5 percent of Council adopts the Electric Utility's budget at its last the prior year's gross operating revenues to the general meeting in June via an adopting resolution. The Electric fund. This amounted to $9,652,000 in 1989-90 and Utility's budgeted expenditures for fiscal year 1990-91
$9,915,000 in 1990-91.
amounted to $192,295,000, while the adopted 1991-92 budget totals $166,253,000.
NOTE 2. LONG-TERM OBLIGATIONS The following is a summary of changes in long-term obligations of the Electric Utility for the year ended June 30, 1991 (in thousands):
Balance Balance July 1, 1990 Increase Decrease June 30, 1991 Certificates of participation 777
$ 206 571 Revenue bonds payable 143,910
$50,396 2,905 191,401 Total
$144,687
$50,396
$3,111
$191,972 Annual debt service requirements to maturity as of June 30, 1991, are as follows (in thousands):
There 1992 1993 1994 1995 1996 after Total Certificates of participation 193 171 97 66 22 22 571 Bond interest payable 13,272 12,650 12,347 12,035 11,722 126,226 188,252 Bond principal payable 3,110 3,990 4,290 4,605 4,920 170,486 191,401 Total
$16,575
$16,811
$16,734
$16,706
$16,664
$296,734
$380,224 Certificates of Participation Revenue Bonds Payable at June 30, 1991 The Electric Utility's share of outstanding certificates
$80,000,000 1980 electric revenue serial bonds due of participation is due in annual installments through in annual installments from $1,025,000 to $1,250,000 January 1, 1996; interest rates range from 5.75 percent to through October 1, 1993; interest from 8.1 percent to 9.4 percent.
10.0 percent
$3,400,000 35
CITY OF RIVERSIDE THE ELECTRIC UTILITY PUBLIC UTILITIES RIVERSIDE
$9,070,000 1980 electric revenue refunding serial NOTE 3. RESERVED RETAINED EARNINGS bonds due in annual installments of $470,000 through A reserve for debt service has been established October 1, 1993; interest from 8.1 percent to pursuant to applicable bond indentures. The reserve for 10.0 percent
$1,410,000 debt service at June 30, 1991, is equal to the maximum
$35,000,000 1983 electric revenue serial bonds due in annual debt service required in future years plus three annual installments from $530,000 to $680,000 through months interest and nine months principal due in the next October 1, 1995; interest from 8.5 percent fiscal year.
to 10.5 percent.............................
$2,895,000
$16,500,000 1985 electric revenue bonds; $6,110,000 serial bonds due in annual installments from $355,000 NOTE 4. LITIGATION to $440,000 through October 1, 1995; interest from 7.0 percent to 7.7 percent.......$1,925,000ThElcrcUitysadenatinviosawus 7.0 ercnt o 77 prcet............. $1925000 arising in the normal course of business. Management,
$121,025,000 1986 electric revenue refunding serial based in part on the opinion of outside legal counsel, does A bonds; $36,410,000 serial bonds due in annual install-not believe that the ultimate resolution of these matters will ments from $840,000 to $4,740,000 through October 1, have a material effect on the financial position or results of 2001; interest from 5.6 percent to 6.8 percent; $15,705,000 operations of the Electric Utility.
term bonds due October 1, 2004, at 7.0 percent; and The City is a party plaintiff in various rate cases and
$68,910,000 term bonds due October 1, 2013, at other proceedings affecting the Electric Utility. The City 7.0 percent
$118,190,000 does not believe that any of these proceedings will have
$68,175,000 1991 electric revenue bonds; an adverse effect upon the financial condition of the
$27,395,000 serial bonds due in annual installments from Electric Utility.
$670,000 to $3,590,000 through October 1, 2005; interest from 4.5 percent to 6.6 percent; $40,780,000 term bonds due October 1, 2015, at 6.0 percent....... $68,175,000 NOTE 5. COMMITMENTS Less: Unamortized bond discount..........$(4,594,000)
Take-or-Pay Contracts Total electric revenue bonds payable...... $191,401,000 The Electric Utility has entered into a power sales contract with the Intermountain Power Agency (IPA) for Advance Refunding the delivery of electric power. The Electric Utility's share Onof IPA power is equal to 7.6 percent of the generation On Mrch15,991 eletri reenu bons wre old output of IPA's 1,699 megawatt coal-fueled generating to advance refund a portion of one issue of electric revenue station, located in central Utah.
bonds and to provide funds for capital improvements. The The contract constitutes an obligation of the Electric advance refunding resulted in less restrictive covenants to Utility to make payments solely from operating revenues.
allow for more effective issuance of new debt.
The power sales contract requires the Electric Utility to The advance refunding resulted in the recognition of pay certain minimum charges that are based on debt an accounting loss of $1,625,000, reduced aggregate debt service requirements. Such payments are considered a cost service payments by $1,749,000, and created an economic of purchased power.
gain (difference between the present value of the old and The Electric Utility is a member of the Southern new debt service payments) of $597,000.
California Public Power Authority (SCPPA), a joint Debtpowers agency. SCPPA provides for the financing and DebtServce overge Rtioconstruction of electric generating and transmission proj The Electric Utility's bond indentures require the ects for participation by some or all of its members. To the Utility to maintain a debt service coverage ratio, as defined
-extent the Electric Utility participates in projects devel by the bond covenants, of 1.25. The Electric Utility's debt oped by SCPPA, the Electric Utility will be obligated for service coverage ratio was 2.90 at June 30, 1991.
its proportionate share of the cost of the project. The 36
CITY OF RIVERSIDE THE ELECTRIC UTILITY PUBLIC UTILITIES RIVERSIDE projects and the Electric Utility's proportionate share of As part of the take-or-pay commitments with IPA and SCPPA's obligations are as follows:
SCPPA, the Electric Utility has agreed to pay its share of current and long-term obligations. Payment for these obligations will be made from operating revenues received Project Percent Share during the year that payment is due. Interest rates on the Palo Verde Nuclear outstanding debt associated with the take-or-pay obliga Generating Station.....
5.4 percent tions range from 5.49 percent to 12.47 percent. The Southern Transmission following schedule details the amount of principal that is System..................................
10.1 percent due and payable by the Electric Utility for each project in Hoover Dam Uprating...............
31.9 percent the fiscal year indicated.
PRINCIPAL PAYMENTS (In Thousands)
IPA SCPPA Year Intermountain Palo Verde Southern Ending Power Nuclear Generating Transmission Hoover June Project Station System Uprating Total 1992
$ 5,275 882 S
1,065
$7,222 1993 5,470 947 1,141 7,558 1994 5,968 1,018 1,222 156 8,364 1995 6,501 1,099 1,313 167 9,080 1996 7,241 1,189 1,414 179 10,028 Thereafter 349,222 50,719 101,408 10,439 511,788 Total
$379,677
$55,854
$107,563
$10,941
$554,035 Power Sales Agreements
-energy.
This contract was terminated on August 1, 1991.
The agreement with CDWR is for the purchase of 20 The Electric Utility has executed five firm power sales megawatts of firm capacity and associated energy during agreements. The agreements are with the Deseret Genera-the months of May through October of each year tion and Transmission Cooperative (Deseret) of Sandy, beginning May 1, 1992. The agreement with CDWR is Utah; the Pacific Gas and Electric Company (PG&E);
an "evergreen" contract that may be terminated upon the California Department.of Water Resources (CDWR);
three years notice by either party. The agreement with the Bonneville Power Administration (BPA); and the BPA is for the purchase of firm capacity (23 megawatts in Southern California Edison Company (SCE). The mini-the summer months and 16 megawatts in the winter mum annual obligations under each of these contracts are months), and associated energy for a period of 20 years.
shown in the table below. The agreement with Deseret is a The agreement with SCE is for the purchase of firm fixed price purchase of 46.7 megawatts of firm capacity capacity and associated energy for a period of eight and associated energy for a period of eight years, ending years ending December 31, 1998. The firm capacity December 31, 1994. The agreement with PG&E is for the from SCE ranges from 150 megawatts in the summer to purchase of 5 megawatts of firm capacity and associated 10 megawatts in the winter.
37
CITY OF RIVERSIDE THE ELECTRIC UTILITY PUBLIC UTILITIES RIVERSIDE POWER SALES AGREEMENTS Minimum Obligations 1991-92 (In Thousands)
Supplier Capacity Energy Total Deseret
$ 6,486
$2,674
$ 9,160 SCE 4,990 1,423 6,413 CDWR 263 127 390 BPA 507 0
507 PG & E 33 58 91 Total
$12,279
$4,282
$16,561 Joint Ventures Report of Independent Accountants Pursuant to a settlement agreement with SCE, dated To the City Council and Board August 4, 1972, the City was granted the right to acquire a of Public Utilities of the 1.79 percent ownership interest in San Onofre Nuclear City of Riverside, California Generating Station (SONGS), Units 2 and 3. Pursuant to In our opinion, the accompanying balance sheet and the settlement agreement, SCE agreed to provide the the related statements of operations and retained earnings necessary transmission service to deliver the output of and of cash flows present fairly, in all material respects, the SONGS to Riverside. SCE and the City entered into the financial position of the City of Riverside Electric Utility at SONGS Participation Agreement that sets forth the terms June 30,1991 and 1990, and the results of its operations and and conditions under which the City, through the Electric its cash flows for the years then ended in conformity with Utility, participates in the ownership and output of generally accepted accounting principles. These financial SONGS. Maintenance and operation of SONGS remains statements are the responsibility of the management of the the responsibility of SCE, as operating agent for the City.
City of Riverside; our responsibility is to express an The Electric Utility's share of the capitalized construc-opinion on these financial statements based on our audits.
tion cost and operating expenses is included in the Electric We conducted our audits of these statements in accordance Utility financial statements. As of June 30, 1991, River-with generally accepted auditing standards, which require side's 1.79 percent share of the capitalized construction that we plan and perform the audit to obtain reasonable costs for SONGS totaled $114,811,000 with accumulated assurance about whether the financial statements are free depreciation of $29,647,000. The Electric Utility's portion of material misstatement. An audit includes examining, on of current and long-term debt associated with SONGS is a test basis, evidence supporting the amounts and dis included in the accompanying financial statements.
closures in the financial statements, assessing the account As a participant in SONGS, the Electric Utility could ing-principles used and significant estimates made by be subject to assessment of retrospective insurance pre-management, and evaluating the overall financial state miums in the event of a nuclear incident at San Onofre or ment presentation. We believe that our audits provide a any other licensed reactor in the United States.
reasonable basis for the opinion expressed above.
Subsequent Event On August 30, 1991, the Electric Utility received a wholesale rate refund in the amount of $12,068,000 from SCE. This amount will be recorded in the Electric Utility's rate stabilization account in fiscal 1991-92 and be used to fund future years' operating costs.
Riverside, California December 17, 1991 38
CITY OF RIVERSIDE THE WATER UTILITY PUBLIC UTILITIES RIVERSIDE WATER UTILITY SELECTED STATISTICS WATER SUPPLY (acre-feet) 1990/91 1989/90 1988/89 1987/88 1986/87 Pumping 61,204 61,249 60,815 57,446 57,267 Purchases 3,836 6,598 3,133 3,214 3,417 Total 65,040 67,847 63,948 60,660 60,684
% Pumped 94.1%
90.3%
95.2%
94.7%
94.4%
System peak day (gals) 94,243,000 95,400,000 89,248,000 90,858,000 86,025,000 WATER USE Average number of customers Residential 53,882 52,889 52,076 51,018 50,132 Commercial/industrial 4,203 3,976 3,862 3,757 3,670 Othert')
838 3,692 3,237 2,942 2,528 Total 58,923 60,557 59,175 57,717 56,330 CCF sales Residential 16,486,215 17,149,071 16,527,248 15,156,174 15,417,373 Commercial/industrial 8,982,227 8,573,499 8,266,856 7,805,421 7,896,845 Other 542,577 742,372 564,663 1,254,534 1,511,726 Total 26,011,019 26,464,942 25,358,767 24,216,129 24,825,944 Average annual CCF per residential customer 306 324 317 297 308 Average price (cents/CCF)per residential customer 62.9 62.3 61.2 63.5 62.5 Debt as a percent of net plant 47.9%
40.0%
42.7%
47.5%
48.0%
Employees 130.5 129.5 129.5 124.5 119.5 MFire hydrants previously included as individual accounts were combined as one municipal account in 1990-91, resulting in a net decrease in other customers.
39
CITY OF RIVERSIDE THE WATER UTILITY PUBLIC UTILITIES RIVERSIDE BALANCE SHEET June 30 1991 1990 Assets (In Thousands)
Utility plant:
Source of supply
$ 14,082 13,886 Pumping 5,126 4,927 Treatment 326 326 Transmission and distribution 115,739 97,007 General 3,909 3,584 Intangible 5,540 5,543 144,722 125,273 Less accumulated depreciation (39,523)
(36,468) 105,199 88,805 Construction in progress 8,563 7,148 Total utility plant 113,762 95,953 Restricted assets 28,232 5,246 Current assets:
Cash and investments 22,883 33,609 Accounts receivable, net 2,838 2,370 Accrued interest receivable 660 702 Total current assets 26,381 36,681 Other assets 958 142 Total assets
$169,333
$138,022 The notes to the financial statements are an integral part of this statement.
40
CITY OF RIVEkSIDE THE WATER UTILITY PUBLIC UTILITIES RIVERSIDE BALANCE SHEET June 30 1991 1990 Capitalization and liabilities (In Thousands)
Customers' equity:
Retained earnings Reserved
$ 5,698 5,246 Unreserved 25,034 26,795 Total retained earnings 30,732 32,041 Contributed capital 80,895 65,055 Total customers' equity 111,627 97,096 Long-term obligations, less current portion 53,033 36,309 Total capitalization 164,660 133,405 Current liabilities payable from restricted assets:
Accrued interest payable 818 629 Current portion of long-term obligations 949 1,769 Total current liabilities payable from restricted assets 1,767 2,398 Current liabilities:
Accounts payable 791 771 Accrued liabilities 1,793 1,448 Customer deposits 322 Total current liabilities 2,906 2,219 Commitments and contingencies Total capitalization and liabilities
$169,333
$138,022 The notes to the financial statements are an integral part of this statement.
41
CITY OF RIVERSIDE THE WATER UTILITY PUBLIC UTILITIES RIVERSIDE STATEMENT OF OPERATIONS AND RETAINED EARNINGS For the Fiscal Years Ended June 30 1991 1990 Operating revenues:
(In Thousands)
Water sales Residential
$10,371
$11,224 Commercial 4,916 5,222 Other 680 495 Total operating revenues 15,967 16,941 Operating expenses:
Operations 8,735 7,181 Maintenance 2,117 1,888 Purchased energy 2,212 2,129 Purchased water 1,178 1,135 Depreciation 3,217 2,811 Total operating expenses 17,459 15,144 Operating income (loss)
-(1,492) 1,797 Non-operating revenues (expenses):
Interest income 2,776 3,136 Interest expense (1,518)
(2,663)
Gain on retirement of utility plant 2
160 Other 1,043 1,001 Total non-operating revenues (expenses) 2,303 1,634 Income before operating transfers 811 3,431 Operating transfers out:
General fund contribution (1,948)
(1,895)
Net income (loss) before extraordinary loss (1,137) 1,536 Extraordinary loss on advance refunding (172)
Net income (loss)
(1,309) 1,536 Retained earnings, July 1 32,041 30,505 Retained earnings, June 30
$30,732
$32,041 The notes to the financial statements are an integral part of this statement.
42
CITY OF RIVERSIDE THE WATER UTILITY PUBLIC UTILITIES RIVERSIDE STATEMENT OF CASH FLOWS For the Fiscal Years Ended June 30 1991 1990 Cash flows from operating activities:
(In Thousands)
Cash received from customers and users
$ 15,821 16,479 Cash paid to suppliers and employees 13,23)
(1,89)
Net cash provided by operating activities 1,898 Cash flows from non-capital financing activities:
Operating transfers out (1,949)
(1,895)
Non-operating revenue Net cash used by non-capital financing activities (906)
(894)
Cash flows from capital and related financing activities:
Proceeds from the sale of revenue bonds 52,058 Purchase of fixed assets (7,904)
(6,310)
Proceeds from the sale of fixed assets 2
221 Principal paid on revenue bonds (36325)
(1,476)
Interest paid on revenue bonds (2,146)
(2,673)
Contributed capital 219I3 Net cash provided (used) by capital and related financing activities (680)
Cash flows from investing activities:
Income from investments Net increase in cash and cash equivalents 12,260 61 Cash and cash equivalents, July 1
- 85,7 Cash and cash equivalents, June 30
$_____J 3011_8,5 Reconciliation of operating income to net cash provided by operating activities:
Operating income (loss)
$ (1,492)
$1,797 Adjustments to reconcile operating income to net cash provided by operating activities:
Depreciation expense 3,217 2,811 Provision for uncollectible accounts 99 132 (Increase) decrease in utility billed 36 (624)
(Increase) decrease in utility unbilled (441)
(9)
(Increase) decrease in accounts receivable (130)
(3)
(Increase) decrease in intergovernmental receivable (33) 25 (Increase) decrease in notes receivable 0
17 (Increase) decrease in allowance for uncollectibles 0
2 Increase (decrease) in accounts payable 112 266 Increase (decrease) in accrued payroll payable 10 12 Increase (decrease) in compensated absences 191 117 Increase (decrease) in retainage 9
57
-Increase (decrease) in intergovernmental payable 0
0 Increase (decrease) in deposits 322 0
Increase (decrease) in water stock (2)
(10)
Net cash provided by operating activities 1,898___
4,590__
Schedule of non-cash investing, capital, and financing activities:
Contributions in aid of construction
$13(122 The notes to the financial statements are an integral part of this statement.
43
CITY OF RIVERSIDE THE WATER UTILITY PUBLIC UTILITIES RIVERSIDE NOTES TO THE FINANCIAL STATEMENTS Fiscal Year Ended June 30, 1991 NOTE 1.
SUMMARY
OF Cash and Investments SIGNIFICANT ACCOUNTING POLICIES The City pools idle cash from all funds for the purpose The Water Utility exists under, and by virtue of, the of increasing income through investment activities. In City Charter enacted in 1883, and is a component unit of vestments are carried at cost, which approximates market the City of Riverside (City). The Water Utility is re-value. Interest income on investments is allocated to the sponsible for the production, transmission, and distribu-various funds of the City on the basis of average daily cash tion of water for sale in the City.
and investment balances.
During fiscal year 1991, the Water Utility retro Basis of Accounting actively adopted GASB Statement No. 9, "Reporting The financial statements of the Water Utility are pre-Cash Flows of Proprietary and Non-Expendable Trust sented in conformity with generally accepted accounting Funds and Governmental Entities That Use Proprietary principles as applicable to governments and substantially Fund Accounting." All highly liquid investments, in in conformity with accounting principles prescribed by the cluding restricted assets, with a maturity of three months California Public Utilities Commission, except for the or less when purchased are considered cash equivalents.
method of accounting for contributed capital described Cash and investments held on behalf of the Water Utility below. The Water Utility is not subject to the regulations of by the City Treasurer are considered highly liquid the California Public Utilities Commission.
and are classified as cash equivalents in the statement of cash flows.
Utility Plant and Depreciation All utility plant is valued at historical cost or estimated s
historical cost, if actual historical cost is not available. Cost The C ity itnasearte al tore in includes labor; materials; allocated indirect charges such as tory.
The Water Utility y
e drw engineering, supervision, construction and transportation ou of ventores As suc tatereUti o
equipment, retirement plan contributions and other fringe benefits; and certain administrative and general expenses.
Contributed plant is valued at its estimated fair market Bond Discounts, Capital Appreciation value on the date contributed. The cost of relatively minor and Issuance Costs replacements is included in maintenance expense.
Bond discounts, capital appreciation, and issuance Depreciation is recorded over the estimated useful costs are deferred and amortized over the term of the lives of the related assets using the straight line method.
bonds using the effective interest method. Bond discounts The estimated useful lives are as follows:
and capital appreciation are presented as a reduction Supply pumping and of the face amount of bonds payable whereas issuance treatment plant...................
20-50 years costs are recorded as deferred charges. Capital apprecia Transmission and tion is the annual increase in the value of bonds originally distribution plant..................
30-50 years issued at a discounted amount. These bonds receive no General plant and equipment............
5-50 years annual interest payments and mature at a predetermined Restricted Assets Proceeds of revenue bonds yet to be used for capital Contributed Capital projects as well as certain resources set aside for debt Amounts received from customers and others for con service are classified as restricted assets on the balance structing utility plant are combined with retained earnings sheet because their use is limited by applicable bond to represent customers' equity. Accordingly, contributed covenants. Funds set aside for the operating cash reserve capital is shown in the accompanying balance sheet as an are also classified as restricted assets because their use is equity account and is not offset against utility plant.
legally restricted to a specific purpose.
Depreciation on contributed assets is expensed.
44
CITY OF RIVERSIDE THE WATER UTILITY PUBLIC UTILITIES RIVERSIDE Customer Deposits bargaining unit after July 1, 1979, cannot redeem any The City holds customer deposits as security for the unused sick leave. A liability is recognized for the portion paymnt f Utlit bils. he aterUtiitys potio of of accumulated sick leave benefits that is estimated to be payment of Utility bills. The Water Utility's portion of setdupnriemtoreah these deposits as of June 30, 1991, was $322,000. As of June 30, 1990, customer deposits were held by the City in a fund separate from the Water Utility. The Water Utility's portion of customer deposits held by the City at June 30, The Water Utility participates in a self-insurance 1990, was $246,000.
program for workers' compensation and general liability coverage that is administered by the City. The Water Utility Revenue Recognition pays an amount to the City representing an estimate of amounts to be paid for reported claims incurred and The Water Utility uses the accrual basis of accounting.
unreported claims based upon past experience, modified Revenues are recognized when earned and expenses are for current trends and information.
recognized when incurred. Water Utility customers are While the ultimate amount of losses incurred through billed monthly. Unbilled water service charges are recorded June 30, 1991, is dependent upon future developments, at year-end and are included in accounts receivable.
management believes that amounts paid are sufficient to Unbilled accounts receivable totaled $759,000 at June 30, cover such losses.
1990, and $1,101,000 at June 30, 1991. An allowance for doubtful accounts is maintained for utility and miscel-Deferred Compensation laneous accounts receivable. The balance in this account is and Employee Retirement Plans adjusted at fiscal year-end to approximate the amount anticipated to be uncollectible. The balance in the allow ance account was $214,000 at June 30, 1990, and The City offers its employees a deferred compensation
$272,000 at June 30, 1991. During the fiscal year, plan created in accordance with Internal Revenue Code, accounts determined to be uncollectible are recorded as Section 457. The plan, available to all City employees, bad debt expense.
permits them to defer a portion of their salary until future years. The deferred compensation is not available to Compensated Absences employees until termination, retirement, death, or an unforeseeable emergency (as defined in the deferred The accompanying financial statements include ac-compensation plan).
cruals for salaries, fringe benefits, and compensated All amounts of compensation deferred under the plan absences due employees at June 30, 1991.-The Water and all related income are (until paid or made available to Utility treats compensated absences due employees as a the employee or other beneficiary) solely the property and current liability. The amount accrued for compensated rights of the City, subject only to the claims of the City's absences was $1,316,000 at June 30, 1990, and $1,507,000 general creditors. Participants' rights under the deferred at June 30, 1991.
compensation plan are equal to those of the City's general Employees receive 10 to 20 vacation days a year creditors in an amount equal to the fair market value of the based upon length of service. A maximum of two years deferred account for each participant.
vacation can be accumulated and unused vacation may be redeemed for cash upon separation.
Employee Retirement Plan Employees receive one day of sick leave for each The City contributes to the California Public Em month of employment, with unlimited accumulation.
ployees Retirement System (PERS), an agent multiple Employees who terminate for reasons other than retire-employer public employee retirement system that acts as a ment or death lose all accumulated sick leave. Upon common investment and administrative agency for parti retirement or death, a percentage of unused sick leave is cipating public entities within California. All permanent paid to certain employees or their estates in a lump sum full-time and selected part-time employees are eligible for basedoon longevity. Employees hired in the general participation in PERS. Benefits vest after five years of 45
CITY OF RIVERSIDE THE WATER UTILITY PUBLIC UTILITIES RIVERSIDE service and are determined by a formula that considers the found in the notes of the City's "Comprehensive Annual employee's age, years of service, and salary. As an exam-Financial Report" for the fiscal year ended June 30, 1991.
ple, employees may retire at age 60 and receive 2 percent of their highest average annual salary for each year of General Fund Contribution service completed. Employees retiring at age 50 to 59 Pursuant to the City Charter, the Water Utility may receive a lesser percentage for each year of service. PERS transfer up to 11.5 percent of its prior year's gross operating also provides death and disability benefits. These benefit revenues to the City's general fund. In fiscal years 1989-90 provisions and all other requirements are established by and 1990-91, the Water Utility transferred 11.5 percent of state statute and City ordinance.
gross operating revenues, or $1,895,000 and $1,948,000 Employee contributions are 7 percent, while the Util-respectively.
ity is required to contribute the remaining amounts neces sary to fund the benefits for its members using the actuarial Budgets and Budgetary Accounting basis recommended by the PERS actuaries and consultants The Water Utility presents, and the City Council and adopted by the PERS Board of Administration. These adopts, an annual budget. The proposed budget includes benefit provisions and all other requirements are estab-estimated expenditures and forecasted revenues. The City lished by state statute and City ordinance. The Utility pays Council adopts the Water Utility's budget at its last meet both the employee and employer contributions. Citywide ing in June via an adopting resolution. The Water Utility's information concerning elements of unfunded pension budgeted expenditures for fiscal year 1990-91 amounted to benefit obligations, contributions to PERS for the year
$38,713,000, while the adopted 1991-92 budget totals ended June 30, 199f1, and recent trend information may be
$34,984,000.
NOTE 2. LONG-TERM OBLIGATIONS The following is a summary of changes in long-term obligations of the Water Utility for theyear ended June 30, 1991 (in thousands):
Balance Balance July 1, 1990 Increase Decrease June 30, 1991 Certificate of participation 431 o 194 237 Contracts payable 1,322 2
1,320 Revenue bonds payable 36,325
$ 16,860 760 52,425 Total
$ 38,078
$ 16,860 956
$ 53,982 The annual requirements to amortize all debt outstanding (including interest) as of June 30, 1991, are as follows (in thousands):
There 1992 1993 1994 1995 1996 after Total Certificate of participation and contracts payable
$ 273
$ 202
$ 181
$ 181
$ 150 570
$ 1,557 Bond interest payable 3,023 2,738 e2,659 2,568 2,468 25,314 38,770 Bond principal payable 675 1,635 1,710 1,805 1,900 44,700 52,425 Total
$3,971
$4,575
$4,550
$4,554
$4,518
$70,584
$92,752 46
CITY OF RIVERSIDE THE WATER UTILITY PUBLIC UTILITIES RIVERSIDE Certificates of Participation tive covenants to allow for more effective issuance of new The Water Utility's share of outstanding certificates debt and achieved a present value savings over the life of of participation is due in annual installments through the cshef January 1, 1996; interest rates range from 5.75 percent to 9.4 percent.an accounting gain of$1,933,000, the cash deposit resulted percent.in a cash flow savings of $10,178,000 and resulted in an Contracts Payable economic gain (difference between the present value of Contracts payable at June 30, 1991, consist of water the old and new debt service payments) of $1,020,000.
stock acquisition rights payable on demand to various The refunding resulted in the recognition of an account water companies.
ing loss of $2,105,000, reduced aggregate debt service payments by $3,948,000 and created an economic gain Revenue Bonds Payable at June 30, 1991 of $988,000.
$69,840,000 1991 water revenue bonds; $25,050,000 Debt Service Coverage Ratio serial bonds due in annual installments from $675,000 to
$3,100,000 through October 1, 2002; interest from 4.25 The Water Utility's bond indenture requires the percent to 9.0 percent; and $25,900,000 serial capital Utility to maintain a debt service coverage ratio, as defined appreciation bonds due October 1, 2010; interest from in the bond covenants, of 1.25. The Water Utility's debt 6.65 percent to 7.0 percent; and $18,890,000 term bonds service coverage ratio was 2.93 at June 30, 1991.
due October 1, 2015, at 6.0 percent........ $69,840,000 Less: Unamortized capital NOTE 3. RESERVES OF RETAINED EARNINGS appreciation.................... (17,026,000)
A reserve for debt service has been established Unamortized bond discount.....
(
389,000) pursuant to applicable bond indentures. The reserve for Total water revenue debt service at June 30, 1991, is equal to the maximum bonds payable...............
$52,425,000 annual debt service required in future years plus three months interest and nine months principal due in the next Advance Refunding fiscal year.
On January 11, 1991, eight water revenue bond issues were defeased by cash deposits to irrevocable trust accounts. On March 15, 1991, water revenue bonds were The Water Utility is a defendant in various lawsuits sold to advance refund two water revenue bond issues and arising in the normal course of business. Management, to provide funds for capital improvements. The combina-based in part on the opinion of outside legal counsel, does tion of the two transactions defeased all of the previously not believe that the ultimate resolution of these matters will outstanding water revenue bonds. This refunding and cash have a material effect on the financial position or results of defeasance removed outstanding bonds with certain restric-operations of the Water Utility.
47
CITY OF RIVERSIDE THE WATER UTILITY PUBLIC UTILITIES RIVERSIDE Report of Independent Accountants To the City Council and Board of Public Utilities of the City of Riverside, California In our opinion, the accompanying balance sheet and the related statements of operations and retained earnings and of cash flows present fairly, in all material respects, the financial position of the City of Riverside Water Utility at June 30, 1991 and 1990, and the results of its operations and its cash flows for the years then ended in conformity with generally accepted accounting principles. These finan cial statements are the responsibility of the management of the City of Riverside; our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits of these statements in accordance with generally accepted auditing standards, which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and dis closures in the financial statements, assessing the account ing principles used and significant estimates made by management, and evaluating the overall financial state ment presentation. We believe that our audits provide a reasonable basis for the opinion expressed above.
Riverside, California December 17, 1991 48
RIVERSIDE PUBLIC UTILITIES EMPLOYEES June 30, 1991 Antoine S. Abu Shabakeh John N. Chapman Patrick Gonzales David C. Lawson Gilbert S. Penunuri Peggy J. Stephan Ernest W. Adams Ami R. Chaudhury Ronald W. Goodermuth Mary S. Leavitt Rey M. Perez Shelly L. Stewart Richard E. Adams Joseph Chavez James G. Grady Ruben M. Leivas Marilyn F. Pieper Kevin P. Stinson Wendy F. Adams Joseph S. Chavez Manuel S. Gray Mary A. Lemon Donald R. Pie Troy F. Stinson Raymond S. Aguilar Thomas K. Clarke Marilyn J. Grayston Kelly L. Lesseg Davis N. Plourde Dennis J. Stirlen Donna L. Aguilera Jeffrey D. Clausen Richard J. Greenwalt Jeffery J. Lewis David J. Porchia Frederick J. Stoiber Richard C. Aguilera Cheryl E. Clelland Bacilio Gutierrez Jr.
Paul A. Lindsay Gregory L. Prator Kirk V. Stokes Jerry C. Alexander Jr.
Danny L. Clemons Luciano Guzman David M. Little Michael R. Price Terry L. Stroud David A. Alfaro Kenneth W. Coffey John W. Hair Connie L. Lizarraga Daryl A. Proctor T.D. Sweatt Armando Alonso Greg H. Coffman Ronald J. Ham Lydann R. Lord Pat L. Pritt Arshad J. Syed Laura D. Ammermon Donald J. Colgan William L. Hannah Robert L. Lovell Donald R. Pulsifer Ticia L. Symonds Arthur V. Anaya Thomas J. Collins Patrick B. Hannifin Henry A. Loya Daniel W. Randall Maurice S. Taks Kenneth A. Anderson Linda S. Conerly Edward P. Hansen Robert L. Lucas Lena J. Raniada Alvin M. Tannenbaum Greg T. Arias Mark S. Connor Robert W. Harper Michael H. Luitwieler Jack C. Read Bruce C. Taylor Guillermo Armenta Bobby V. Cordova Sherwin L. Harris Arthur P. Madril David L. Redding Joseph M. Tenenbaum Alfred Arredondo Cecil T. Cox William W. Harris Jr.
Jaime J. Maghy Stan V. Reynolds Diane J. Tepper Christopher Avila Glenn M. Cox Wanda F. Hedlund Babalola Makinde Odus Linda C. Rhoads Brian G. Thomas David Avila Alan D. Craig Alfred W. Heinen George E. Manuel Mildred A. Ridges Bryan D. Thomas Robert S. Ayers Jr.
Paul R. Crawford James P. Henke Enrique S. Marquez Donald G. Ringgold Robert L. Thomas Nora L. Aylward Pamela D. Crosby Patricia J. Henwood Barry W. Marshall Harry T. Robertson Cynthia L. Thompson Helen M. Azevedo Billie 1. Crumley Jr.
Juan R. Hernandez Peggy 1. Mayer Linda L. Rocha Robert E. Tittle Stephen H. Badgett Arnold J. Cruz Lorraine H. Herandez Christina M. McCaslin Michael A. Rodgers Michael J. Torelli John J. Bailey Jackie L. Cunningham Victor H. Herandez Daniel L. McClenathan Max A. Rodriguez Abraham Torres Judith L. Bailey Carl R. Danzek Victoria M. Herrera-Ortiz Allison L. McDaniel Ramona M. Rodriguez Joey M. Toth James A. Baker David L. Davis Richard A. Hinojosa Margery 1. McDowell Donald C. Rogers Tina Tran Charles F. Baldwin James H. Deal Edward K. Hogerty Lois G. McGinnis John E. Rolwes Vincent N. Trepepi Michael J. Baldwin Vivian C. DeGeere Arnold P. HohI Jr.
Kenneth B. McGregor Daniel S. Romano Richard L. Trower Del R. Ballard Robert Delgado Denise L. Holman Richard K. McKinny Karin K. Ross Dale L. Underwood Frederick H. Barkley John T. Denham Richard E. Holmes Jeffrey K. McKown James F. Ruel Adrian A. Valdez Robert E. Barnekow Gregory M. Diaz Keith A. Hoover David M. McLellan William D. Ryan Vera Valdivia Ron W. Barry Mercedes P. Diaz James T. Hornbarger Martin W. McLeod Richard M. Ryno Richard D. Velasco Vahid Bazel Peter E. Diaz Isabella M. Horton Sheridan A. McReynolds Adnan Saint Victor G. Velasquez Lawrence T. Beal Richard J. Dickinson Woodrow Hoye Larry D. Meester Angel H. Sanchez Michael J. Vernon Ronald E. Becker David F. Diecks Rosa Hrinko Max D. Mendoza Isac J. Sanchez Karol L. Veu Casovic William D. Bedford Jr.
Kerry W. Dittler William L. Hughes Richard G. Mendoza Lawson R. Satterfield Clarence R. Voll Jr.
Francis L. Beliveau Richard W. Dolenar Gloria M. Humphrey Ismael E. Mercado Rhonda L. Satterlee Roger J. Wagner Harold J. Bell Cruz Dominguez Kenneth L. Humphrey Madalyn M. Mieldazis Barbara A. Savard Theresa S. Waldschmitt Walter N. Bell Jr.
Patricia J. Doonan Roger L. Hunt Eddie R. Milbolland Samuel L. Scarcello Robert F. Wallstead Gary L. Bender Richard S. Drobek Daniel Hurtado Claudie R. Miller Delbert L. Schroeder Richard W. Wayman Bruce C. Benter Malcolm N. Duckett Tam T. Huynh Donald P. Miller Faye L Schuman Edward M. Wdowiak Jacqueline M. Bishop Daniel P. Duron Marvin L. Infante Roy A. Miller John B. Schwartz Alfred H. Wells Matthew Blais Albert T. Dykstra Bonnie M. Ivy Kevin S. Milligan Barbara L Scott Joe E. Westmoreland Charles R. Bluemel David W. Eich Roger S. Jackson William K. Modesitt Mark E. Scribner Paul 0. Westover Jr.
Michelle H. Borrello John J. Enderson Nicolaas J. Jacobs Odell Moncrief John L. Sevey Mary T. Whaley Craig W. Bostrom Richard L. Ennis Lester W. Jameson Jr.
Arthur R. Montano II Daniel D. Shackelford Ronald J. White Fernand R. Boucher Mark S. Ensign James E. Johnson Robert A. Montano Omar E. Shehab Walter L. White Suzanne M. Boucher William E. Fagan John N. Johnson Philip M. Montefu John M. Shepherd David J. Whiting Robert D. Bowes Scott L. Faust Lila M. Johnson Carol A. Morabito Candice C. Shib Casey L. Whitney Brian G. Bozarth Ronald T. Fiske Russell D. Johnson Kevin D. Munns Brian Simpson William Whitten Robert Bracken Frank R. Fitzgerald Sam R. Johnson Gregory L. Myers Dennis G. Sims Mark Wholley Thomas G. Bradshaw Joseph D. Francese Steven T. Johnson Ray D. Neal Jr.
James R. Sinner Ronald H. Wigg David W. Bride Ronald D. Frost Wayne L. Johnson Peter Nesic Joseph B. Siordian Edward T. Wilks Christine Y. Brooks Carol J. Fuhrman Dock Jones Richard S. Nevarez Richard H. Skelton Phyllis J. Williams Jeanette E. Brown Gerald A. Gandara Steve A. Jones Rita Nicks David A. Smart Brian R. Willis Michael E. Brown David V. Garcia Chris A. Joranco Barry J. Niemiec Dale F. Smith David C. Wilson Patrick D. Brown Raoul B. Garcia Robert A. Joranco Gary L. Nolff Jerry L. Smith Dieter P. Wirtzfeld Robert H. Brown Steven V. Garcia Jeffrey S. Karalun Anne M. Nukaya Julie A. Smith Alan P. Wohlfarth Willie L. Brown Thomas D. Garcia Aileen M. Keller Joni A. O'Brien Nancy A. Smith Merle C. Wolff Gerald R. Burton Yolanda C. Garcia-Tully George E. Kelley Randall W. Qlgren Sandra L. Smith Ralph F. Wollerton David W. Butler Joseph A. Garozzo William D. Kilpatrick Atilano C. Olivas Jr.
Wendell K. Smith Roberta A. Womack Loretta F. Butler Richard Gastelum James R. King Charles Olivier Carolyn K. Snow Bn G. Wong Jerry G. Byrd Anita L. Gatter Andrew J. Kirkland Jr.
Deborah L. Olson Marco J. Sortillon Wayne M. Woodall Alfredo E. Cahuas Paul R. Gearhart David R. Knapp Alvino P. Orozco Mark T. Soverns Joan C. Worones Randell S. Carder Thomas R. Gibbins Gus W. Knie Darrell R. Otjen Edward M. Spinney James N. Wysong Bill D. Carnahan George F. Gielish Randal A. Koers Dwight W. Page Robert B. Spires Edrie V. Yambao Joseph Carrasco Robert B. Gill Edward L. Kostjal Jr.
Cecil R. Parker Jr.
Elvira St. Louis Edward B. Young Carlos Castro Arthur P. Gomez David W. Krell Clyde B. Parker Lee H. Stallberg Leonard W. Zabloudil Mary A. Chaffee Daniel M. Gomez Stephen E. Lafond Frank G. Paz Kelly C. Starkey Leon Chagolla Veronica Gomez Pamela M. Lawrence Charlie R. Penunuri Lucinda Staud
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