ML20095L074
| ML20095L074 | |
| Person / Time | |
|---|---|
| Site: | Crystal River  |
| Issue date: | 12/31/1991 |
| From: | GAINESVILLE REGIONAL UTILITIES |
| To: | |
| Shared Package | |
| ML20095L057 | List: |
| References | |
| NUDOCS 9205060208 | |
| Download: ML20095L074 (52) | |
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ty Highlights for Fiscal 1990-91 Percent
'1991 1990 Change Financial:
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Net revenues after rate stabilization transfer.
t 65.721.781 6 00 279,993 9.0%
Agg:egate debt service.
26,765.070 19,664.700 35.1%
Aggregate beid debt servke rato 2.46
'3 07 (19.9%)
Total debt service ratio.
1.64 2.27 (18 9%)
long term hbt.
420,390,597 425A31,".93 (12%)
Net utility plant 432,187.442 413.203.351 4.6%
Cash and investment:
Rate stabAraten fund and revence fund.
45.623.446 45.5B1,971 0.1 %
Custorners (12 nuanths average):
Residential electric 54.991 53.579 2.5%
Non residential electnc 6.500
_ 6.365]
._,_2.1 %
Total slectric 61.401 59.944 24%l Water 42.633 41.923 17%
Wastewater -
38.710 37.997 1.9%
Natural Das.
19.696 19.269 2.2 %
Sales of energy (gigatrait bours):
Residential 604 9 bS t.9 40%
General serscelarp power,
S19.6 594 5
'2%
Lightmg.
16.3 15.9
5 %
Sates for resale 89 7 85 0 iS%
Sub total 1,330 f.
t.277.3 42%
inteichange.
505.9 417.3l 21.2 %
Total.
1,634 6 42%
Sales of trater (rnillion gallonsh 61652 6.433 7 I4 %)
Wastewater treated (rnillion gallons):
36764 3 9E?9 (2 3%)
Natural gas (rni!ilan thermsk 28 0 29 5 (51%)
l
FOREWORD Gatnesrtile has one of the most beautiful tree canof>i:s l'nitvrstly of Hortda. It tth.htKia students and a sta))
in the state of Horida. 7he chmate <npfurris an interesting of lx otWI, is the state's leading instituttor of bigber combination of semi-tropical and temperate species and learning Santa It Community College adds ll,onafall front a high ranlagepoint this metropolitan area of ot er and j> art-stnie studen!s to help make Gaines!' tile one of 140,000 inbatiitants looks like a forest the foremost educational centers in the southent.
Gainesville Regional 1'llliltch as <*ttned by the City of Gainesrille's medical e ommunity is one of une laegest in Gainest ille, and therefore is wmnutted to keeping our the wutheastern I'mted htates, with four m.tjor boyntals environment as attracttre as [xusible GRl'% 1radeSIVee supjnirted by a s he erstly of clinia and medu al hvinessex progra nt.. 1)ou ntaten l'mierground project. strmgent 1he cultural atmosphere of Gainest die ojje:s profes-encinnumentalprotection programs. and many other pro-unnal ti catre, vue>ic and d.tuce t omtsnicy a large I asual jects described in liv environmental section <J this annual arts wmnuanity as well as nutable museums iJ art and report, are all atmed at keeping our habi at safe, clean natural history and apj>ealing With this in mind. GRl' bas d,dicated this The t its: ens of Gatnesettle are committed to mainwin-n! port to "Enhaticing tour Environment '
ing a high ajuality qf Itje l'conontic gt,nedu is encouraged Gainesville is the bub t>f cornmerce, education and through cooj>erative plannntg and constderationfor the culture for north cer !ral Florida ~ 'lhe dit crsifihl local. environment. Gkliis part of that t amtmitment. andplans
~ economyincludes services, trade. medicine technology its otrn grincth trith th lut interests ofintr commrinity banking ensurame, agriculture and government. The in mind.
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I1b Our wners and Custanters
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Durmg fiscal year 1991 GRU connnued its comm;tment to preading our customers enellent servee and among the lowest rates in the state of Flonda One of tne most diversified utdities m the state GHu offers electric water, wastewater and natural gas service with a concern for the encronment and the welf a4 of the community in rwnd in sider to mamtam the long iam fg.3noat l
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stability of the utility for the benefit of our ritorws, GRU hac effectwHy conteded operstmg costs cnd has carned the I
l highest bond rating available to municipp ustes.
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GRU's expansecn mto riatural gas service nas been both successful and beaeticial to per customers. Being a putit utility we have been able to keep f
natural gas ta'rs low. With the abthty to of fer ophoaal energy sourtis, our ana!ysts are m a better position to help out customers determine which source WM best serve their indwidua! circumstances.
l The pst Mr has seen the de,elopmot of a urthed bdhng system. to be in p! ace m January 1992. Once this system is activated, our meter readers will be able to read electric, water and cataral gas meters a4 ai once. This ndt allow all services to be hsiad on one bill.
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l further simpl:fying bdhog services to cor customers, and helping us keep our cc ls dowa
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Arnther ;aajor uruf cation project nesiing completion m fiscal year 1991 has been the construction el oar new admnstrat6an bwiding with hs grand i
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opening scheduled for Decenter 1991 The new
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m% y-'y;j ice and engmeeting operations f or di GRU systems, Q
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mcreasing our abifity to ethciently dehver services g
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,m y,,q GRU corainues to irnprove and expand our service capabihtes. The evelop d
Inent of the iiew Springhd' 'leroce Center in the 4
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w wr western portion of our se.cce area will mtprove our I 1"M N"n A-ess ta ura!
l abihty to provide ethcient ano timely electoc and u,,,,,
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i natural gas service to one of the f astest growng 3
e o,.-
area of our community The comp!etion of this 9
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i fc.Hity is proiacted for the fd of 1992 and is 04 i
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expected to reduce electric system and gas system
'M feld transportation ecsts in the western seruce area by 30%
Sewat new computarind inf armation systems pro:ects were initiated or to a-hs s p ig 3 9 4 @~.,
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pleted n hscal year ER induding the new cactomer ?,f
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Wriy ott'er ncteworthy proscts wiU be desenbed in the mdwidual senice sections of this report GRU contmued to provide the pubhc mth mfo mational prograrns such as our Speakers' Bureau for loca! business and enic groups. our customer newsletter containmg consenatsn and other utiuty and community service ir.fonn' tion. "Itwer lunches" whict' gave customers the opportunity to t: ave a sace to f ace dialogue mtA our top managers whde vmtmg vanour utAty operatmg f acihties. and a tariety )f nther programs designeu to mform and educate our customers. Durmg hstal 199t GRU's Custorner Relations Departo.es received htteen ' image" Awards from the F6ada Puche Rebrer's Associaten in reengnition fN customer rela 6 as efforts, primarily m the area of conservation 0
GRU has worked to support the Cou ed for Econorruc Dutteach (CEOL CCD is a not for proht corporation tomtly funded by local businesses and n
government entit es to promote economic deve!cpmerit by encourig ng new busmesse, to move to Alachua County GRU is contnbutmg $100.000 a year to this effort. In rentuaction, G80 representatives rneet with mierested busmesses to provide them mth rnformation concermrig the availabety of utihty serv-for their proposed busmess sites.
GRU's net revenues for hscal year 1991 were: $50 224 280 for the electric system, $7N,337 for the wastewater system. $5 429 271 for the water system. and $2.950.893 for the natural gas system GRU continues to mamtmn highly competitive rates m a!! four systems. Cumul@ve rate mcreases have been kep at a level below maeases in the Consumer Prke indes ! : the past sn years GRU's hsca! year 1991 transfer to the City of Gamesvdle's Genera! fund was 12.8% Ngher than m hsd year 1990, and wilinatiase by 7 8% in hscal year 1992. Ad6twnasy GRU wii! share $4]92.514 l
of p'oceeds of an escrow restructurmg eth the Genera!Gcvernment The City Commmion has detected that these p.oceeds be placed m desrgnat9d capria! insur nce, and ernergerey reserves in i,ccordance with the term:t cf a formal resern pohcy a
which was adopted dunng fiscal year 1991 to mcrease the abaty of.ne government to respcod to unforeseen fluctuations m fundmg sources.
GRU contims to ret & "doubie A' bond rategs from both Moody's and Standard & Pter's ratmg senices inese ratmgs identify our bonds as one of the bes; mumcipa! utihty evestments m the costry GRU jomed the cities of Kissimmee. Starka, Homestead and Sebmg to form t e Flonda Gas UtSty IFGui, a cooperatne organuation of municipal h
ut:htres structured to use group purchasmg to take adentage of "Open Access" a Fedral Energ Regulatary Commusien mandate adowing the purchase of natcral gas on the open market As a re';uit of group buybg. Su savved $4.E86,000 through FGU m tscal year 1991 when compared mth the purchase cf the same amount ci gas from FGT GRU added 477 customers trarn Clay Oectnc Cocperative under an eustmg temtaia! agmement Fiscal ww 1991 was tne only year of a seven year transfer pened eder the terms of tNs 15 yer agreement m which GRU also transferred customers G44i to C!n By the end of the transfer pencd GRU m!! have gamed approximately 4 000 customers from Clay under the agreement.
In recogmtarm cf Gt!U's commament to Gainesviile's enysonmentat ancerns. the theme of this years annual report is "Enhancmg hour Erraonment."
We hm sdded a saccn on our environemntal endeavors. such as the 515.000.000 upgrade to our Mam Street Wastewater Freatrunt Pbnt, and ou, popomr " Trade ATrev" pmyam GRU n an act:ye eternent m the t's nf our commumtr and our empicyees are descated to our !cca! envirom ent GRU has a ccmmitment to ha% tat protection conservation services, community support programs. educatica and volunteensen
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Enhancing Your Environment m
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As a pubfec!y owned ut4ty system, GRU recognhes ris obhgation 17 the environmental quality of ide in cut community Every systeni witMn GRU is carefully momfored around the clock for environmental performanca GRU has a staff of environmental engmeers to ensure that GRU operates in accordance with all environmental standards. Besides monitoririg our own operations. GRU is til;o involved in projects that promote the home, business and natural eovironmental quahty of our community as a whrda GRU's Trade ATree program, expanded m fistal year 1991, helps our customers pface the " tight tree m the right place" GRU personnel work directly with custemeta to replace trees near power lines, in pubhc 'ights of way and in utihty easements Certam trees can cause safety ha28tds or utihty outages. and must be removed Howeser, to help protect GamesWie's tree canopy. when dangerous trees must be removed, GRU sbpphes our custorners with young conipatible trees, as well as advice on where to plant them.
If custor"ers don't want the replacement trees. GRU provrJes them to our City and County parks departments Clean air is another important environmentalissue. GRU s generstmg statrons have been designed and are bemg operatet. to mmimae emisstons such as subur 6carde, mirous oude. and particulate matter. GRU mamtair.s low emissions by burnin, low sulfur coal and natural gn. An electrostanc precipitator on Deerhavec Unit 2 tour largest umt) removes caruculate matter before e leaves the stack.
Ernissions are also measured by a contmucus in stack momturing system. Plant emissions ne mamtamed ai levais which meet of exceed state and federal standards. Ad&tionally Deerhaven is a "terc discharge" plent, completely scychng all process water used in the plant.
Clean water is also sign 5ficant m maintainmg a quakty environment. Smce it opened m 1976 GRU s Morphree Water Treatment Plant has won the Horida Departrrent of Environmental Regulabon's "Best Operated Plant" award more than twice as many times 45 all other water treatment plams in this 6 strict combined i
GRU's restoration and joint operation of Gainesvdtes histonc Bcutware Spongs has preserved a monument to the development of this community y ' erw 9,nr.,aary ogpmeieg Boufware Sprmgs long played art integral role m the development of this 4-area. Settlewnt can be traced back to 500 EC., and artif acts recovered g
. xmp l date back to the Cades Pond in&an culture (200-800 A 0) It was at wouos i
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E-2 the springs that a pierac was held m 1854 for the purocse of selechng mumer.
a county seat Af ter much debate, the narne Gainesvdle was cht.en cier w
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9 the alternative Lewrsyme. An c!fer of trea water from the sprmgs was instrumentalin attractin0 the University of Florida to Gamesvdie in 1905. GRU has restored thu origmal water works and
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pump house that supphed this commumty with its water at the turn of the century The facAty is non used for commumty
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j meetings ona nrwate functons The treatment > wastewater es another sign:hcant encronmental operabon l'
GRU's Kanacaha Water Recixnauen folity is the cdy wastewater treatment plant m flonda pen tied to meet drmkmg water standards and return 1
i ret!smed water 6rectly to the lower reaches of the Rondan Aquifer. Because this water is treated to such high standardt GRU is seekmg ad&uona! cost etrective ways to reuse it. One reuse pro:ect ts the "Wuar GarJen" at Kanapaha Botanica!
Gardert hdh quahty effluent will be used to create a stream and a tog garden which will featore aquant piants along a strea11 wi"t water' alls,
e Enhancing lbur Environtnent i
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l GRU's Main Street Wastewater Treatment Plant is untlergomg a $15 millon upgrade to uNeve advanced secondary treatment standards. When this project es completed in the summer of 1992, the Main Street Flant will be capable of riceedmg state and lederal treatment 4
standards for years to corne.
GRU teamed witit the University of Florida 40 sobe the waste deposal prottem of.smesvdle Raceuy, host of "Gatornatsnalsl* in another reuse I
project. Gainesvdie Raceway had been transperting wastewater offsite in tanier truis. but volume was a problem, GRU helped develop an innovat:ve batch treatment system that incorporated conventional treatment with aquatic plants to remove i
pollutants. The effluent is capable of bemg used to erngats "ee f armmg operation, or can be utilized to support a i;sh pond.
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GRU has afso imtiated a wastewater treatment rate far curtai!able f aalities in order to encourage groundwater recovery of petroleum contammated sites to help ensure enviranmentally sound disposal and treatment of these pollutants. Informational material and pubhc I
awareness programs are also offered to local photographers to encourage the proper disposal of silver used m !dm processmg I
technques.
' With the adftson of natcral gas to our services GRU cffers our customers the opuon of utiumg the cleanest somce of fuel available to raeet some of their energy requvements 4
- s In addition to our efforts to protect this area's natural systems. GRU e~
l coninbutes to the quakty of the home and busmess 1
+ - ; e cre enwronment. GRU prmles free residemial and com D.V f
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}adets. GRU also offers a commercial kghtmg
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rebates to premate the use of natural gas Al! of i
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aaf reduce the impact of ene'2y use on the enyh rooment GRU a!sa pravides mformation on elec-i e
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tnc and magnets fields, radon taxic waste
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d:sposa and the prevention of backfiow mto the water system Other informational programs in the schools and through 6
our customer P0wslettdr ContmudUy promCte conurvat.On.
F GRU a also actaety mvched m enhancmg the cornmamty s enveanment Our employees volunteer to repair low mesme housmg through the Fiarida Fix program. GRU's Project SHARE provides utdity tn!I assistance to the eldery bandicapped and disimataged Our electnc system is irivolvsd U a long Mrm ccmrmtr"ent to Q aanQ BieCtric f acihtie; Underground in our hstenc J0Wnt0M distnct i
10 pf0 mote a m0fe a9st!'e!!c environment New tree InnNing picyanas pf0motmg aesthehc and hedIthy Imet ar* Comhmed
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w,th the hade-A kee prcyam to he!p mamtmn attmtae streets. Enforcement of a nr; pcstmg creance e' ai! utWiv poies es now m ef fe.-t, j
GRU sponsors or operates these conservatun and envimnmentai prr, yams for our commumry as our commitment to "Ennancmg Your Environment" t
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t The: Electric System mco...-
Power Systems and Electrk Systems Operations (FS0) are cc.nplementary operations that comprise GRu s Electric System for environmental p1tection, Power Systems puichases low ulphut coal and c!ean natural gas, and keeps a stringent watch on gt!.arating plant emissions, cS0's environnenni con:ributions include mamtaining
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y m all nu subdivistons. In projects sud as "Ocwntown Underground" (1,
j.4 ESO enhance > the appearance of key cider neighborhoods. Fbwer Systems o
and FSO share the goals of prew6ng our customers the best service s
available at the lowest rates possible Mth a concern for the protectico 1 lc,. ' * - i' 4 l Nnuay, CI Dur c0(nmunif f
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Power Systems W wij? & %.aw wn Irade A I,vr GRU owns and operates two electric generatiro stationt The John R Keny Generatmg Stat:en, located ner downtown Gamesdie, has been in operation s;nce 1312, when its constructton marked the begmmg of locaHy owned pubhc power m Gamesvdle-The Kelly Plant rurrently coerates two natura! gas.uil bred steam umts and three natural gased had combust:en turbmes with a net generating i
capacity of 103 megawatts (MP l
The Deerhaven Generating Station currently cperates one coal fnd steam unit. one natura! gased faed steam unit and two natura! gasw fned conhstion turbmes with a net generatmg capacity of 334 MW la ad6 tion. GRU ewns a 14% sha,e of Penda Power Corporanon's Crysta! Rver generating unit. This ownership share entitles GRU to approomately n MW. contobuting to a system w;de Lombined net generatmg capacrty of 448 ME Deerhaven's Unit 2, the la gest m the system eth a generating capability of 235 MA achieved an cperatmg avadatihty of 87% dunng tscal year 1991. This is approsmately 5% abeve f
the national average for untts m its class Dunng fiscal year 1991. GRU initiated a comprehensive planning study for the purpose of evaluating the type. sue and timmy for CRU's next genera
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tion protect. The study is eva!uatmg a!! avadable renewable and nea renewable techreingy auernatives and demand s:de management strategies.
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The Electric System en
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.i.e.1 Contmued access to low cost envuonn.eota4y safe fuels remained a high priority in fiscal year 1991 A major advance came with the organiisten of Flonda Gas Utaty (FGUL a cooperative purchasing effort pioneered by GRU and in which a growing number of Fionda municipa! utsties participate.
N As of August 1.1990. Fionda Gas Transmission Company (FGTL a utural gas pipelme company supplying Flonda with rnost of its gas. became an "Open Access" company. meaning I
w that rustomers could purchase gas on the open rnarket rather than daectly from FGT. FGU was W
b fermed in order to take advantage of open access N
with the purchasmg power of a large group fly ron-a,.
a tract. GRU s Fuels Management Department perionns g p.j n 3mQ, N ;
s*UIM '
a3 purchasir,g and dispatching services far the f# Mm m%
urwn -
organizaten. FGU sends requests f at bids to appros-
"N i
/-
ne ers imately 50 different gas suppuers in order to find o!Ie mm l
ine best deais asadable in the nation. During fiscal year 1991 GHU saved $4.886.000 as the result of this arrangement 77 i.o.-
GRU sold its 106 steel railroad cars durmg fiscal year 1991 and replaced them uth 110 hghter more cost effective a!ummum cars, which were 5
delivered on July 2.1991 By esing the hghter aluminum cars. GRU recenies a 30.50 freight reducten for each ton of coal hauled GRU's steel cars were sold fer more than $3.000,000 helpmg to offset the $6,100,000 purchase pore of the new cars. Had the steel cars been retamed, they would have requaed 51500,000 in repans.
Fucal 1991 also saw the negotiation of 5 year transportanon agreements with both CSX corporation. GRU s soie hatocca! rail transporter. and with Norfolk Smthern Corporanon. This arrangement wdl encourage market campetitico I
Electric Systems Operations The pnnapa! respcast&ty of ESO is the transmissen and dismbution of efectne pr>wer to GRU's custorners in a safe. rehable and cost effecte manner.
Planning for GRU s new SprmghJts Service Center began in f; scal year 1991 The new f acihtr to be completed and cccupied m late 1992. wd!
enhance the amity of both ESO and the Gas System to p ovide better and more ccst effective service to tne west side, the fastest growmg portion of GRU's service area. As a niechte cperabons center for ESO Transnusion and Distnbunon crews, as well as bemg the primary operahons center for the Gas System, the $1.700 000 f acatt is expected to reduce field transportation costs on the west side by 30% A supportmg warehouse wdi also be located on the site-Fisca! year 1991 was the hf th year of a seven year transfer oened un&r a 15 year temtonal agreement between GRU and CWy Electnc Coopsative.
The pwpose of the ayeenent is 60 chrmnate dupitcation of ebctnc f ac6ttes in prewmusly overlappmg service areas and to bring unprofitable local competition to an end The arrangement is benefied to both t.bbhes, and adds to the aesthetics i
The Electric System
<<u
.anent esen.+
el the local area by reducmg the amount of electot facihties, This year GRU recewed 417 rustomers from Clay and Clay recerved 344 customers from GRU. Th!s is the only year of the agreement in wNch customers are to be transferred to Clay. By the end of the transfer pened, GRU will have recesed approumately 4 000 customers previous!y served by Clay Tha fourth of the seven phases of of GRU's
- Downtown Underground" project was completed m f; scal 1991 ihts project, which began in 1985.
was metiated to enhance Gainesvde's Central City District by removing overhead w:res and poles and replacing them w;th underground 6sInbuten faci; ties. GRU is a!so replacing rnany br,n pressure so6um and mercury vapoi lamps with rnore attractive, energy efficient metal halide futures. Proiert costs to (2tr hue been appronmately $1G00.000. Downtown Underground is due to be completed in 1994 at a tota! project cost of approximate!v $1100.000 GRU's Aerial Cable orogram continued in fiscal year 1991, with expendrtures of roughly $650.000. The progtrm significantly reduces the number of power ottales caused by high wmds and faWng tree hmbs by replacing existmg electatal coMuctors wi'h serial cah!c in h;gh free density areat Aenal cable is specia!!y mso!ated and suspended beneath a renforced steel wire for protection.
GflU's Trc4 ATree and directional trimming programs have been well recmed by our customers The Trade ATree program provides young containereed trees to customers in cchange for problem trees that trust be removed before they create an outage or safety problem The duectional tnmming program a! lows trees to be saved that might otherwise have been removed by inmming them m such a way that encourages new growth m a trouble frec d<rection.
GRU continued to deploy its Distribucon Automation Project with the placement of mure Hemote Taiemet.y was IRTU's) An RTU rnonitors and aBows control of electric souipment at strategic locations throughout the electric network f ullimplementation of !Ns p'oiett we attow for sigmficantly improved remote contro! and "rea! tre" ana'ysis capabAties, and reduce requrements for on sne swtchmg personnel.
GRU remains one of the few rnuniopal ut.hties that has converted its eiectnr. d:stnruten system reccrd drawmgs to an efectrome mecium. The Geagraph:c Information System (GISI wes d9tal maps to aunw mere efhoent record keepmg and taanties mmgemen;.
Electric System Number of Retail Customers Electric System Energy Sales
( AbkU AL AVE R AGEi (ElG AW ATT NOU Asl 60.wo
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2.ow a 9 M
..... 3.. O..@.k'j.. M.
54.mx)
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36.000.
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$.E Lomnwrtial A Industrial 1b,500)
- imerthange (50$.9)
U Residential (54,901)
$ Commertial Industrial A mhet ('2% 6)
Residential 1604.9)
p:
The'. Water and Wastewater Systems
- e e
I
.av 4essAs v e e rrn GRU's Wu.r en.' %rtewater Systems t.e ender one administrat.on w.tNn gal These systems work in close cooperation to perform their primary obhgstions: prending ard protec'mg tiean tinnbnp water. The comp ementary operations of these two systems form a l
completed water eytte. The Witar System draws new watet from the Flondan Aonder. treats it to donkmg water standards and provrdes it to the greater Gmesv'le Commumty. The Wastewater Syste+n coltects the used water produced by ;he com munity. tre4!5 h end returns a to the envirement The efforts of these two systems have been recogneed by the many awat it they have received over the years for safety and operation The Whier System GRU d:aws 3ainesvdte's wtwr seppiy from a confmed region of the Flandan Aqutfer. The aquifer is a large, slow movmg underground reservoir that I
provides.: virtuaBy hmitlers source of water This reserve is more than capable of meetmg the needs of our growing community, i
ed is protected from surf ace contamination by thick, impermeable layers of clay A%ther natural pretertion is provided
'y tbc tendency of the water, under artesan pressure. to leak upward The watei supply is dawn th.ough eight praduction we!'s with a combmed capacity of 40 rnitLon gallons per day (YGal. The first cf three planned add 60nal wells should be in operation in early 1492. with the last en line 14 JJy.1932. These new wells wdl provide an additional 11.5 MGD of capacity. and will recover their 41,500.000 mstallation ecsts in reduced treetment expenses by affordmg the other wells reduced operation timt GRU's Merphree Water Treatment Plant is a her scitening f acihty which also cNorrates, fluondates and fihers groundwater poor to distnbaboa The Murphree Plant has been rerated frorn 30 MGD to 34 MGD which has alicwed GRU te postpone plant expansion for three years. fiscal year 1991 saw the initiation of a $1300 000 ground storage expansion proiect that wat aJd 5 maan gallons of stcrage capacity. A $1.800.000 reactor clanher project was init:a:ed ni 1991 for tr.e purpose et increasmg the plant's ab4hty to soften water, thereby ensurrng it can meet future demands for treatmerit and rehabinty m.
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The %fer Dntrdiution Systetr consists of two el voted storage tanks i
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with a Combined capacity of 15 mAon gdres a 1 mAon ga!!an ground
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^." sto; age tarll Viith associsted ptimpmg f.acihties, and 3pprolimately 780 IWidistg 5
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.,qj, lects for the fiscM year has cukroed the replacement of a private denlop N
waur 4 9-y;.
om It A ment's water systec, with G90 f aahties. A 20" water main was t
- i 4
crn extended frorn downtown deep it;to the southwest portica el ot, arv te area for the trutpese of stab 6 eng presswes in s
the area and enhanting systern opera 1 ion and rehabihty GRL dso,cquires tites in opthwest and southwest Gainesvtlie
'*'^
for the futwe construction of tepump statier designed to stipport watet pressre in those areas The Wastewater System GRU's Kaaapaha Water Reclamation Facisti is a rtate of thea't wastewater reachng piant that is t..e enh f aahty of its kind in the state of Fienda that ts permitted to d.scharp trectly mta the lower rones of the Renda, Aquiter GRU s Mam Street Nstewater T:eatment Plant is tonently undcrgou.g a $15.00n 000 upgrade Nsigned to allcw i'
..n to meet sinngent new U S Enwc imental Protectica Agenci EPAl standards for years to come.
The two wastewatet treatment pl.mts offer s total tombined capacty of 17 5 MGa The Mam Street Plant is located south at dawntewn Cainesvar, is rated at 7.5 MGD. and escharges treated ef fluent mto Sweetwater Branen a smali stream ibwing mta Payr.es Praine The Kanapha Factty 's lccated in the grcwing western partion of our senice area n rated at 10 YGa and rnhairs drubg water quahty efftuent dvectN into the fisodan A:;uifer.
The Main Street Plant pgrade continues to te 2e mcst sigmhcaat project in the hstewater System its purpose i5 to upgrade ine ensteg process to meet advanceo secordary tt?J' ment standae The pre ect is rep!aang Mclete 1.ttkhng hlters with state of the art cztended aeration actrvated Mudge process unitt Addd;0ns! new faahties include ef f!uent fdtration, gravoy belt sivdge Water System Nurnber of Customers mater Systern Sales thENU AL AVER AGEl l ali t t i g t G A L L 0 te s )
10.004.
50.000 45,000 9AMM) 40.000 M000 31.000.
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i thickeners, and sigmftcam ingevements te the p!a"1 headworks to contal odars and improve plaat tehrthy, The project, which was inihated in M89, has been argdemented m phases to al'0* foi continued Operation of the plant Complehan j
l is schedded for June,1991 Agessive par,t procurement by ORlf secmod r deral grants amountmq to 18 000,000. These e
i l
grams ha<e been used to offset the Lustomer costs y
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y of thes vnumaent to our sntem
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.6 j-The epgraing of sied;e handMg f aciLnes at the Kanapaha Piant was
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ccmp eted dunng f atal year 1991 f eced rarls !a i
totalhn; $1.400.000 helred to offset the protect i
.9 cost of $l500 000. Moderneed Hudge digestwo g
4 e
^ aci.v,*
and sows han&ng f acAties ha<e been p 9vided N. -
y 1.m bev
.e ww and upgraded t'y the ad& bon of a t!urd aerobic
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y a!udge di, ester, gracty bea sludge th.tkenert ar'd M.,.....,#
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w w, plant service water and headworks f acAties j
5
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hier reae progets inctedec the imhaten of a proposed " Water Garden" at Fanapaha Botrutal Cadens created from ivc!atmeri wmer from the KaneNha f acihty and the completed instaHat o::
t I
of a 3310 000 treatwnt f acAty for Gamesvme ilaceway that includes recythag t;eated effluent into a fish poed. Both pro-I
, ts Mere dGcussed in more detail m tbg '{nhancmg Your Envvanment" sechon of this report.
i A>iother major pic;ect m Mstewater Systems was the construction of a 16" force mam shunt to proude far tutare service ficobihty ard the abety I
i to (Luct how tietween the two trea: ment plants The new mma itased embng out oilerdce force mam runnmg ator<g i
an abandended fe!rDad bed A p4ved asphalt bicycle path wW be constructed as part of the site restoration work.
Also completed in fttcal year 1991 was the constrechen arid start up of the Pellections Master lif t Stanon a f acAty used te remove almost ali cf the effluent from a f ast growmg commercial area wh:le gravtdmg future growth potena!
Wastewater System Number of Customers
%stewater System Billings IA2suAtAvtaasti insit t t o s E At t 0 E S) f 50200.
swo 45,000 4,500 40.000 4.000
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The Gas System 48g A45VA4 4I88Ki g
g GRU's Gas System provides natural gas ;o approximately 20.000 camme>s m the Gainesvd!e service area Natural gas is the most envuonmentally safe source of energy available for wide scale use. It is clean burnmg and etfinent, and is well suited for provi6ng customers a low cost source cf energy for heating, cooking and weer neating.
I GRU's natural gas distributvan system pnmarily consists of 410 maes of underground estreetion and service lines Ths netweik is configured in a series of large service leops with iraives strategicaMy lecated to enable the isolanon of eithe< large or smal1 segments 1
d ibe systern to provida for emergency repair or routme mtontenanct Netural gas is deftvered to the system through sa points from tFe fiorida Gas Transrmssion Company s
(FGTK GRU has used its mem;.ership m FGU to act;uire gas on the open market and rea!ue t gmticant savings fc. its customers.
Gas service has existed in Gainesville since 1887, relying pornarh on manufactured gas until the 1950's With the emergence of more effit.sent, le:s expensive natura? gas, the system g'ew. Wst of i
the 6stnbution system has been in piace since 1960 GRU acqueed the d:stnbut an fackies
~ (,nmum i
2 of Gainesvdle Gas Campany in January of 1990. at the end of a 30 year francbise eg ee eso un ment. GRU deteraned that by racorporating gas cperations into its utsty system, it adN[ <
,$"]
' f+Nul hgM could provide the same led of service at a lower cost t:y combnng such servicas as,,Jhg and meter rehng w;th GRU services m.s
. um.a a l
Gas is provided in a 94 square mila service are. inclu6ng metropolitan Gainesvme and the University cf Florida, GRU's irgest natural gas customer The six largest customers are served under interuptitise service delivery provisiens.
Duong fisca! year 1991, GitU gurciia ed five of the seven LP gas distribution ; stems owned by Gamesvtite Gas Company as put of a long term 1
plan to eveidually convert the service areas inselvsd to natural gas. Ibese five are identified as havmg the potential for economic conversion in the futurc As scor as these serme areas have reached a !cvel of developmeit making the citermon f
of pipsnes leisMe, they will be conver!ed to more effoent less expensive natural gas l-
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+Fb A9WH81 hff&4t GRU secured permission fium the Federal Energy Regulatory Commiss2on to consohdate the natural gas dehvery pamts of both the Gas System and the electnc generating system This a!1o*s the generating plants to buy gas used to fuel power operations directly frorr, the Gas System. This pr3cedure reduces coils in both systems and provides a benefit for both gas cnd electric customers.
SRU's new SpringN!!s Service Cente, currently in the esign phase. wdl sme as the principal operations center p't"?g g'pyrg h
g h
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for gas crews in the f eld. lhes laation is expected to reduce west side field transporta-
,n s
+d 6 as tron costs for both electric and gas by 30% The SpringNils Center is d,scussed more g'
D-
,M e g.n tharough!y in the [lectric System portion of this report.
"* "1' s"'m are d
A,
.tw M r.sie The Gas System operated by GRU is one of the few m the country that cono,. cts leak surveys throughoitt the q
=
entire distribution system 00 an annual basis. "Ns safety precaction is conducted by
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rspectors who physically walk over the complete length of the men and service hnes
~
of the entire d4siribution ne'. work.
GRU's gas !;ne dama:te p ev ntion program is designed to inform conuactors of the presence of natural gas hnes m Fees of cnostruction. When hne demap..oes accor. the looped conhguration el the distrtDuMn system helps mensmue loss of service to ct;stomers Tha florda Febbc Service Commission's safety and rehabihty reco ds for GHU s Gas System a<e excellent CRU promotes nuural gas as a safit rehaMe ensonmentalty sound, and economical way to provide for specific energy nEeds of thra community Natural Gas Number of Customers Natural Gas (A48U AL A VER AGE)
(Mit tl0 4 T illR M SI so 20,000
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'Custmner and Administrative Services l
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GRU's Customer and Admmistrat w Services is the most diversihed general area within the orgamlation Senices provided duectly to customers i
Jad Supp0ft functions provided I0f the four systems are coordinated in this area Some specht service areal MCidded Are:
1-Customer Serate Customer Accounts. Customer flelatens. hvchasmg Rea!Istata. Malenais and Simes. Intmmanon Systems, i
Badget. Finance and Accountmg. and f aceties Mamtenance l
l l
An impor1 ant project in Castomer and Admimstrative Sereces for fiscal year 1991 was the desip and implement tien of a new rad improved I
l customer Whng and information system, a reoperanve effort between Information Systems and Customer Operancas lhe 1
new system will combine all tt&ty se: vices ielectoc, water, wastewater. naturai gas and LP gao into one Wimg and meter readmg system. The project is designed to achieve mmmum customer se wce by con;ohdatmg ali relevont informahon onto l
one Mt. as wrdi as ehmmating dephcate costs in ma&ng metet readmo and potesung b comp en new syste<h has rea med i
rNrnhs of study and design to make certam it is speahcdy appropnate for GRU. and to make certam #! tan be implemented l
with as few start up prob! ems as passtD!e. It is scheduled to be on hne by Janucy 1992 l
Another important project for this rea in lista! 1991 was the coo-dinanon of the construction and authttmg or GRU1 new Admmistrahon Sm!dmg l
i l
Construction began in March,1989, with occupation scheduled for December,1991, The new tuddmg consoWetes GAU l~
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'Custorner and Adtninistrative Services s,.ti, adramistrative customer service and er'gir eenng operatiors. and ts designed to serve oer tristomers in a more efficent manner. The four story,69.000 squa.e feet buildmg offers space savmg end energy eff,cient features..ad is organged to enhance customer accessibihty to our operations The buihhng was planned around a "dayhghtmg" concept m which a central i
atrium will work with extenor end interer hght rettectmg pa,cis to niaimwe the amount of daybght that can be used for
(;w mploynt offtce hghtng The front of the bundmg will d splay the sne sproht work of art. "Saactuary Sphere" created by New York
]*[']
-mm atlist Terty Lee Dill Ibe work wi!) add both art and n^% p c ?'pr,w??.*"r*"*MMWW8Wm cg e.t e a ftf.. hh:h?$
EU '
h4
- t"*
(nction to the cuistde of t% buMng, as it is a stam T'D+ 'i
-. W '.;.. %
. ;yD
- M 4%; 3.6,'
jMj%f.
c
" "i vu e.
mm:p ad less steel and granite sculpture that will serve as.,i.,3; 2[q /C pl 1 - w-m
.3
'yQ( "
f
-l ' 'm 3.$.?.%f h h.
-} 'fylpd-E[.
c,3./c e.~yst'i?/:.,. x :Cf;;4:.p K.
a f DJalBM With adpseHI L3 tog Bnd 8 $serier above a@p sN gg:;
s
/+
g.y y
j.'.y.T
. (.:Q. 2 Cus:mer and Al vnstratwe Semces offers programs and mformaton designed
@ f7. '
.,N i [? I.' Q..- l..y;..
y%.
- {. l f; to help GRU's customers conserve energ, and water.
U.;
c
\\
- q-[~,,;;;
l On rec;uest our resident:al and commercial energy ) L ?. 1.. '
/
.;o f
- i..... '-
alth5t$ survey iustame's' homes and Dusinesset J
1 R
10 Qtif retornmendations that aid them m tOnserv8 s,
as.
g.
tan ef forts. A comerca! bgMmg pregram is avad l'
('
w, 4
e able as well I,itormatinnal programs include a 1O S,'.
Speakers Breau m whth trarned emp! opes speak to local busmass and ovic orgnizations en CRU serntes, facildies and Imr%m pohatt 'her luncher are hem in whgh randomly selected costamers are given an opputumty to rneet with GRU managers l
gw r.a tu twr for mfctmal discussms v.d Iours of our faalnet GRU piondas pamphlets brochurts. an annual Customu Gmde to mvwes mm,,,
nn +
and v:dco pubhc setrick amouncements to keep our customers mformed of conservatton services GEU's monthly customer "w -
pm
$Im ff.,-
In.
- nusletta'. "GRU Eunetm." tras high levels of raidership and provides ten C fj. [f' s'..[g
,m y a, 4
r o.L
..?.[
S servation tips and utaty infarmation to customers GRU Busetin afso pro ggv
' @ vides free pubhc service announcements for the cernmunit a#
. T
~ 7,y t n hsta; year i
l l
Tq 1991 the Henda Pu%c Re!atsns Annoaten awaded GRU's Costamer J
e Relations drpartment 15 " Image Awardt" the treat ner aco by one 5 e ?,
j j
J
- h. '
crgamzaron m repwal Nstnry.
1 I
in hscal year 1%1 Materiais md Stores showed art trror rate in total value (the 6ffe.ene Mtween creinventory rafee and hnal me to:y saiue) of cruy 01063% on a total menury cf $5.200 761 ote cf rne last inventory loss ates m me naten l
l t
g zo Financiannrntnary
..... m, m., s Gdnesville Regional Utihties esperienced eaother excellent year for financial performaticit GRU's electric, water, wastewater. and Ces systems produced cornbined net revenues in the fiscal year of $65,72178t creating an aggregate bond debt service ratio bet revenues divided by aggregate debt servicel of 2 46 and a total debt servire ratio (net revenues deded by total debt service of 184. The total number of retail customers for the electoc. water, wastewater and Das systems increased by 2.2%,14%.15%, and 16%. over the previous yeat respectively GRU contnues to benefit from its excess power rapaaty through electric tr:terchange sales (firm and non fum) to other ut hties m florida incrgy sales increaad by 113% ent I; scal yer 1390. produong gross revenues of $18.322.921 and net reveneet of $10.728.008 Interchange sa!cs re an important sourte of rewnee, and GRU has contmued to stablue them by contract.ag the majonty of riable excess capacity in firm energy sales agreements GRU contmuss firm sales to the florida Mumcipal Powe< Agency (f MFAL the Cny of Sta4e.
flanda, and is entermg the thed year of a ten year agieement with the Reedy Creek Imp ovement Datnet tservicim 04sney World; for 30 megeWatts of firm power. GRU has also completed tta third year of a five year agreement with Senuno!e Electnc Cooperative (SEC) for the provision cf enengy when SEC omis are of f kne or derated in capabildy fum apd reserve capoty energy salet accoun9d for a significant pertentage of interi.hange sales net revenue m fiscal year 1991 The balance in the Rate Stabduation fund (RSFL less accrued interest, was $22.S36100 at the begmnmg ci the final year Rate stabiiuat on actmty for the year included. withdrawals of $500.000 marie from the water system. $729,500 made from the wastewater system, and $498300 mace from the gas system. Deposits of 32.195 400 wert made from the dectnc system The fond balance, less accrued interest, was $23.305,300 at the end of the tiscal year GRU openth under a formda which determmes the amount of transfer to the City of Gametv5e: General Gown ment operations Rased on this formals. GRU transferred $17.080 712 in fiscal year 1931 representmg a 12 8% mcreau ix r the previous year. In adomaa to the formula based transfer. the City Commission apprend a one ome uansfer to the Geocral Fund of $4,792.514 which became available from an escrew restrucianng at the Utihties System Revenue Bodt Series 1983 Aaditional tunds were used to implement General Government's Reserve Policy irrplemented by the Cny hmmisma m fiscal year 1991 GRU~s Tai Exempt Commertal Pant (TECP) prograrn has produced consdrab4 samgs for car customers ove the past 8 yeart The average mierest rate on the ou' standing ptper Wu 4 96% lar tha fccal year The mierest rarged frer, a high of 6 03% in October,1930 to a low of 4.0G% in Ju!y.1991. The average matunty of outstadmg papei was 75 51 days. Dewd for GRU's ccmmercia!
l l
paar remamed strent and credit ratmgs lugh. w:tn a F1 from Moody's invest t Services and an Al 4 from Stadard and l-Poori At the end of the lista! ve r, $71,361000 of TECP pnncipa! wat ocistandmg dawn $1900 000 frorn one year aga GRU msntained its "Aa" bcnd ratmg from Mcody's Innstat Services and as "AA" bond ratmg from.ndard and FWs few other mumapa' utikties rn the nation sha'e these ehte ratings.
Pbat acquisiten and construction f ar the fiscal yest ammnied to $39 607,874. Net utey piant mcreawd $18.984 OG1 dormg the year to a balance of l
$432.187.442 at the year's entt GRU conteues its financial trad: tion at one of the most sen;re investments ia the nahon.
l Revenue Earned Ret'enue Allocated Fiscal Year 1991 Fiscal War 1991 i
l-1 l
l' l.
l l
l l:
l l'
l.
Elestric furt l
W".n e&
ggggg7ge Pu rs ba st Tvuvr -
l Gene s a! 5ers ice, l.
Retail & Wholesale y,g,, g,,,,
EI'
- bb'IEA' AN#
l.
Salesfor Resule,
?.
- Fuel Adjustment o
l
& Other flectric Pturer Sales f uel Expense -
33.2 %
intert ha nge i
$ 52,036,991
- 4. 8 %
$ ?,194,913 Expenses
__ b'U I.
%stewater
- A'
'b'"
l
- O&M f.tpenses 43%
$ 6,73 4,4<l1 Miscellaneou5 Tra nyfers I
&N%
[..
$ l3,70 ?,440 5 5"# '
l.
Natural Gas Reside nila!
~ Sales
- y,,
yy 28.2 %
Natural Gas
$ 44,229,$02
~~~
,y, gg, O&M Expenses
- 1. 9 %
$ 2,9'R.16M UPlf Transfer l-
- 13.0 %
l{
Olber 120,4 26, **D f
Electric Retenues Natural 3.2 %
G43 3 5,t344. 215
~ Retenses General Eurut
- s. 4 %
D M"1/?'
10 9 %
SI),131,946 SIT,0MO,'ll Wastewater t'
Res enue.s DebtSerrVe
~
8.8 %
9-3 %
s II4.5 M 399 i
513,,8.11,342 Water Revenues
- 6. f %
Dectric 7
l InterrisanS*
Flectric Osber I.
~ 1 ales
_ og,y yxp nse, i1.7%
- y o%
118,A22.920
$2N,289.992 i
- m,
..1 m'
. E.'
.,--w a.-r e
gp Wi
,w~ Rates $chedule Electric ans! Gas Rates large Poster Thefollowing anonthly rate
<tsiabushed demand ut uwo s w or schedules are " base rates" and K***rb include an electricfuels charge CU5tW*f Ch*'90
'00 04 of 25 mills fier Arilowatt bour. The Energy Charge,
. 80.0473lkWh 0****0 Ch*'9* *
' ' A'E0 A*
additional e aricble vnonthlyfuel adjustment charge is not included.
Restilential Gas Gas rates shours do not include Custcc.or Charge
. S B,00.
the purchased gas adjustment fier N** 'U*I l**'91 Ch*'9* '
Il010 thermfactor which varies monthly per therm as nell. ne minimum bin is use Chargesfor services in elTect at the Customer Charge plus any appli-General Service Gas (Firon) close of thefiscalyear september 30, cable demand charge.
Customer Charge.
.415.00
.1991, for major customer classes.
qq,, q,,; g,,,g, gy,,,,
. g,3933; Residential Electric p,, gy,,,
Customer Charge
.44.85 Energy charge per khwatt hour (kWh) linter first 750 kWh '
. $0.0668'kWh (The minimurn bin $s she C.us tomer Over 750 kWh.
. $0.07091Wh cs,a rp.,
Custorr.er Charge
.42.90 General Service Non Dernans!
Water Rate..
. $0.87;ygal (A demand of $0 kilou attu thWp or greater has not been established)
}g',,$ ggypg gyp Cuitomer Charge.
. 4 9.13
,,,,,,,,,,u y,,,3, n,,ym,,
Energy ChFge.
$0 0764 kWh cha r,,. ;
Cut.mer Charge >
. 8 2.11 General Service D-
.a ns!
Wastewater Charge.
52.20!Kgal ilstablishest siemand of 50 uni; but less than IM kn')
AdatHonal rate as bedules, usallable ufwn Customer Charge,
. $ b.27
'"I"'"**'""'"**"'"I""*
tric customers. u nstruater rates for resi-Energy Charge.
. 40 0: '%W a,,,,,,,,,,,,,,,,,,, y o,,,,c,,a,o,3, Demand Charge
. 54.8 7;kW system suo subject sa raurs and charges, wastrerater rates for wsi.igntial customers
- fiSCu! Year 199i
- '*'"'"R"'**'l'"*""""dP*
u elis rand discharging into the system and Resistential Rate Comparisons t.imurtibia sas rasas.
10 0 0 k W h C o n s a mptio n e
w-r.3 m.
y v
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10 20 30 40 50 60 70 80 90 D0I.1AR5
4 -
G AIN E S VIL L E. R E C10 N A L U Tilllit t.
i
- The
- CbmbinedIUtility Fraids of The City of Gainesvilk; Florida Report on Audit of Financial Statenients & Supple:'rer.
Data j for the) ears ended kpternber 30,1991 and 1990
'Repor![ofInstepentient Accountants
- The Honorable Mayor and TRanibers of the City Commission City of Gainesville -
Gainesville, Florida 32601.
N 4
% havi audited the accompanying balance sheets of GaInesville Regional Utihties {the Combined Utility Funds of the City
~ of Gainesville, Florida) as of September 30/1991 and 1990. and the related statements of revenue and expense and retained earnings, and cash flows for the years then ended. These financial statements are the responsibihty of the City's manage-ment. Our responsibilit) is to express an opinion on these financial statements based on cu[ audits.
We unducted our audits in accordance with generally accepted ab6 ting standards. Those standards require that we plan and p'efform the audit to obtain taasonable assurance about whether the financial statements are free of material n6sstate--
ment. An audit includes examining, on a test basis, evidence supporting the amounts and distfostres in the financial staternents.
s An audit also includes assessrng the accouritog principles and #gnificar t estimates made by mtnagement. as wel as evaluating the overall financial statement presentation, We believe that our austs provide a reasonable basis for our opinion.
In our opinica, the financial statements referred to above present f airly, in all material respects, the financial position of
- Gainesville Ragional Utihties as cf September 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, A f (s3 Coopers & Lybrand s
Jacksonville, Florida
?
b.
)N ly Davis. Monk -
& Cornpany
. Gainesvdie. Florida November 19. 1991-er h
g 4
=
a
l G AIN(8Vitti RIGION Al UTitl1115 Ulll(lllCC bbCClS Sejstember.50,1991 arul 1996
-ASNET$
i 1991 1990 i
(lIllity plant:
l
- ty plant a servo -
I 580 2M23 6 559 950 7^9 O
Censtructroa in progresi -
31f62J69 j 21 448 253 t
EBl.395.022]
012.0F8.39?
i tess Attervated depretiation and amm1:ntion
_ 0 79.900_950s
, 00jt 191;C71(
j het utihty' pleu1.
J 432,t B /A42 413 203. 351 i
^ Restrictett n%selst l
Copial fatibties - Ceh and invrstmer ts.
1.33fif 92 l 1,320 212
~
1 UtMy depaiti-Cnh st"t inyt:1ments 3 064)14 3 070.818 l
'$p
' Ditt Terra fund - Cnh and inentments.
112.921.827 SB 549.051
-l
[
aate stab 4ntica fund r Cnh and investments -
23 $15.342 23 00$ 740
- i-s Coaprucitan fund.
i -.,
Cie and huestments.
36.302179 M.974110 l
Due hom ettiet funds.
2,293 475 33!.283 I
Utky plmt improvement fund. <
l E
Esth and metiments :
~ _8 090.53t' 6.91h 454 )
. 168,191 006.,
-.199. 08. t0.}28 '
-hital terstileted assets..
}
l'-
Current <tnselst i
Cnh as Mort terri, investments.
22,108.104 -
' '46.211 i
,_l
,necom.msormy rest!ve -+ Cash and mutments 193.54' '
- 106B f
nater pol % ort emergency reserve - Cat.h and investments 50 0Du,
MD@ ;
,L
. A:taJnts techable (net 01 aflowartcp for untollettiLit i
([
accounts; lE27.000 in 1991 and 4C5t000 in IfMO).
- 20 325 2B54 22.LC4,309 ^
Prepaid expenso 319.419 308.999 im' sat veer
'lr fuet 9,?O7,638 7,D55,943 l
l 1, 1 Aatoilth and supplies'
$,224 470 j
_ S.'.21dO7 p,
O'.
Totalitstrent assets...
57.428.458 50 541.807 0
- y!p%c i
' l1 v
- Deferrest siebits, net.
34 B50.183 37,19U.014 )
g,. -
j
,[
' Tval attnets 4 t 717f47,148 j 8 709.023 720
-- i
..i..
L_
t b'
s 4
?
di
{0; dici?
7.m______..___.__._._.._._.
t 0 4tlit S Villt ftf ol0 k Al-Ulit ifli t 8
~ ~ u~.
n natance sheets i
.%eptember,10, 2991 and 1990
' t Continuedt
- L I A ll l i. l T I E S & F t' N D E Q U I T Y t
1991 l'190
.--i; i
l l
hang-teran eletst anskfund equiln 1
long tem debt:
l l
I Utitties spam remwc l'onds 1 350 0$3,037 !
8 M9309 09? l Utilmo spiem commerciat pare etn 713y(033 j 73 261.000 ]'
1 z
i 437,709.632 l I
- 77,414 097 Len: (Mmottiad bond tiarpunt.
_67,024 0_9_5 (1,336 _1991 letal..xg terei delit.
_.420]D3 591 !
425 43 L493 l~nnst equity:
l t
Contubut ons in aid of contirmin 74 789 443 j 09.751 130 Retrrec earmngs -
17(O1fsD09j 172,906 926 1
Tctil fund equih.
251.509 412 l 747.656 010 I
I Total long term debt and fund equrti 671900pd9y
, 668 089.541) -
1 l'ayablefrorn restricted asselst Utihty deposits 3 320 107 3 4U,427 Long term d61.pb!e + turrent,
3,4 %,000 1 725 000 Acct.ind internt poble 15 49L721 l 15.000f;97 iJt:hty piant improvement fond, Arrour,ts poble ami actrued kR.hties.
455 736 50$ 177 Due to other funds -
4(18,735 ;
408.735 4
Tetsi papble ficm restricted aus s,,.,,.
,?317EJ59!.
. 21.,14L336.-
q Current liabilities:
Fust uphie.
4.020.NS 4,389 6'it Accounts proble and nevued babut ;s-4,42L635 L300,831 Oue to ottier fundt 4 902.095 !
069 043 i
, Total current liabilities,,
13,350 635 i It359.,466
--~
. Other liabilities and deferregi credits..
._ 4??9._ _145
._. _?L349.]
6.8 Total liabilities end fund equity.,
3 712,05L148 8 709.023.770 i
SM accostpanymg >tes N
t.
't i
' % i s.
-h e"wese-
+
Pe'--m mP.e-t',-+---t-emsr e-e e www-heve-t-emw-e-eNw1.--w m=n'fs-m e'm-T'e=*"-eNmTTT--
.rywm.-+Nr'-Ta+7v=-se br-^---^+7--'==---e**t:ri-4-44w~-941=v'-*T T TL'M2rb 7*W-'"
P' tr'
'TW W
'-TF8" " *'
-c,
' 0 Alt E 5 Vill ( IIt 010 N f L U Tillfl( $
Statentents cf Ren'ntie anil Expenses and Retained Earnings l
j for Ihr years ensteil.%epternher 30,1991 ared 1990
- 6 1991 1990
{
Operettirty res enstri
-l Salet and semce thups 8 145 063.410 6 130.952,392 j
Oher operating >rvenue,
_1 4 8._4 2 B0, 1,635 254 lotal operating revenue,.
146.548.304 138.487,046 Uperallong expenses:
~
Operations and mamtennte 74.045 219 68.561358
- Admmistrative and genval.
11.023 881 16FJ0 304 Denciation and emortintton,
18,939.4/,2,:
18.497J01 ;
Tetal operating expenm 110,003.522 101055363 i
- Opera t ing irs co rn e, i a.,,....,,,,,...........
}6.535]8,?.
_ 3tb21.083,
. Sort operating revertue (expense):
Int 6.utr(tenue.
15.960.007 17,540.390 i
interen espene.
(31978.846);
(35,551.0501
)
Gam un head asoow restiveturing net
,,6021p5hj<
l Total non operating esperse i......,,,, -,...
(12.0473 241, (1_8 01g601
' 1 Income before operating transfers -
23.592.05B I 16 510.673
' I t
Operating transfer to City of Game >ville pmal fond (21F3.220)
(15,154.3221 i
+
l het incon.e.-
1,i18.832 1,356.301 !
. Retamed earmnp b.pnmng 1'/2.900.926,
109 697,926
. 3 Amortantion of contnbutions n aid of construct on 2.094,211 1 $52.699 j Retaiwd earnmes. ensr.
I l'G 719,969 -
1 172,906.926 Su accompanying notes.
.'Y 1
s J
.e i
+
?
!~
r 4
j m...
--__,,_....s-_.-,_._,.m
.. -. ~
G AINE $Vitif Af 010 NS L Utilliit S
..............,'.s Statements of Cash Flores for'the years encled Septernher.f o,1991 and 1990 1991 1990
- Cash floats frans of>erating actit illes:
' Cash retaivad from customets.
$ 147.175,192 8 131,221.749 Cash payments to suppbers for goods and sermes 172,055.307)
(61.947,$i2; (19.467,209)
(19.429.409; Cash payments to employees for smices.
Cash payments for quasienternal operatog tratissttions with other funds (2.138.3591 (2,178,1971 l
Cash received V +tennectmn charges.
2)17,594 2.217,751 l
. Other opero rfu seer i 1.484.886 1,535.254 Net cash provided by operating activities......
57,271.797 51,419.616 Cashflotesfawn nuncapitalfinancing activities:
1ransfers to ot%r funds '
(21.873.2261 (15,154.322)
_ 15.154.3224
. J21,.87312N
(
Not cash esed by eencaphat financing activities.,
y CashJ10srsfrorn capital anet relatectfinancing activities Precip4 repayments on long term dett ;
(3.625.000)
(1.542.000)
Proceeds frwn sale of antapment.
4.704.253 4,160,095 Interest paid on revenue bonds.
(33.778,016)
(34 820.964)
Capnal g< ants 3.684.071 4,117,004 Acquisition and tenstruction of faed astets.
(39 607.8741 (41.517.938)
Proceeds fro <n bond escrow restructurmg 5.582,358 Amor.1 paid to restructure bond escron.
(561,303)
Net cash used for capital and related financing activit.es.
(63 601,.513)
(69.603.8031 l
Cashflustsfawn investing activities:
Interest :
8.083.488 11,440.502
' Puichus of irwestments-(547,677.371) 1611.852,845)
Proceed 2 from investment maturstras.
568.587.038
_ 628.768.911
~
Nat casti provided by investing activities.
28.999.155 28,35ft.568 Incrcase (decrease) in cash ansi cash equivalents:
7D6,213 (4.981.941)
_ 16.251.284 Cash anst cash equivalents, beginning ofyears-11.269,343 2
Cash anti cash equivalents, enti ofyear:
$ ' 12.065.556
$ 11,269.343 i
- k
,,e, m.
.-~-
--w
-m.
.,myw~-y-~-
-,w e~wo-
~
- - - - - - + <
gn,=,
>m w -r wev-,-
p
. i G Alut svit ti Rf C10 N At UTillist s Statements of Cash Flou's l
for Ibe years entir.13rfsternher 30,1991 anel 1950 h
(Concluttest)
I t
1991 1990 Reconcillstlion of operating inconte to nel cash prortsled by operaltny actitilles:
r Operalitty inconse:
36,539.782 34.521.093 ;
- Asilustruents to reconcile operating inconte to net
}
cash provislett by operating activities:
l Depreoste and err.ortuate 18.939 4??
18.497.701
. Capitakted connecie ices.
7,272 594 ;
2,217,751 Urcrease) deusase m fectivables 2.239 024
_lS,730,643) incease in prepaid evenus (10.510i (289 004) bucase m. mventones 11,355.0581 12 BC 7,718}
inerms in due from other funds 61.956,192)
(4,094.358) i
- thupase) devesse en deterred debits -
2,346.491 1745,4101 incease (decreasel m accounts payable and accr ed habilmss.
13.251,3441 4.507.B50 l
u
. Inut4se in due to other funds.
.5 4 233.052 4.?$b2 53 butase idecteue) in titMy deposits (177 2601 556,254 inuease (decease) m other liabdme and defwed tredits.
17.598.2041'
_ _ _529 817 I
4 Nel cash provided by opwating actMties,,
. l..,
t
$7,271,707
$ $1,419.616 See accernpanytng notes.
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- 1. Sutninary of Significant Accounting IMilcies:
i Organization Gamesvale 'legional Utihtes tGRU)is a combmed municipal utAty system operating an electnc, gas, mater and wasteoter utthly.
Basis of Accuunting 1
GRU consists of the combinsd Uthry funds of the City of Gamenvas, florida (Cityl, the fmancial statements are presented on the i
accrual basis of secountmg Under tha bads, revenues are tecnyuted m the pered earr'ed and expenses are rec.ognited m the penod
+
mcurred. Rates are designed to cover debt service and operstmo fund reyunement: and esclude depreciation eipense end ciner nuncash expense items. Ttus method of rate settag results in costs bemg included in the determination of raie's in 6fferent periods than when, i
these car.s are recognired for financial statement purposet The effset of these 6tferences are recognaed m the drierrnmaten of net str ome m the period that they occur in accof dance with GRU's accountmg pnhoes. GRU has adopted the uniform system of accounts prescribed by the federal (nergy Regulatory Conwnimon, ins esttnents Investinents are stated at amortized cost. Premeum or discoJnt is amorttred ovv' the investment's maturny based on the straght hne rnethud e
inventories t
inventories are sta.ed al' cost Lsmg the we*ghted average urut cost method for mater:als, ed the last m, first out utf 01 method for fuel. Obsolete and unusable items are reduced to estimated salvage vaises CIllity Plant Property and equiprnant are recorded at cost or estimated cost where apphcabte Mamtenace and repairs are chstged to operatng tapense as incurred. The average cost of depreciable plant retved rs einiinated from the plant accounts and tuch costs, plus removal expense less salvage, es chstpd to accumulated depreciatsott Defireciation amt Nuclear Generating Plant Decornonissioning Depreestion of utAty piant is computed using the streeght bne method ovtst estimated service lives rang %g from 20 to 40 years. Depreciaton was equivalent to 2.90% and 332% oi'aversge depreciable property for 1931 and 1990, respectively Depreciaten e pense includes a provision fir decommissioning costs related to the pmtly owned nuriear power plant (see Note 4l st en annual rate of 3 0% of GRU's stiere of the estaated costo Arnortization of Nuclear Fuel The cost of nuclear fuel,inclu&ng estensted deposal ccst,is charged to operetag tapanses, Thase costs are charged.to customers through increased rates or through the fuel adsstment clana l,
' Utility Revenue Recognition
- Utety revenue is recorded as earned Fuel adystment revenue is recognized based on the actual fuel costs Ameents cha'Ded based on estunated ecsts are adssted rnonthly for any 6fferences between the actuat and estimated costs once attual costs are kno*rt lnterfund IVansactions Interfund transactions and contnbutions are generally made as requirett interfund transactions between and balances of the electric, gas, water, and wastewater s!fset for the Combined Ut&ty Funds interfund loans do not bear mrerest V
j L
t see usen setees a 4
Funds in Acwrdance uith Ilond Resolutions i s
Certase restricted funds of GRU are Nimiente!ed m attoieme with bond ruosutions These funk we as lohows.
Debt Service find
^
Subo+ated lndebtedness fund Rate $tobihation fund i
Utdity hant improvement fund Constructmn f und j
i
- The Debt Servite fund a courits is funds attunmisted to provide paymerit of prinnval and mierest on of ettleem outstanthrig Utd,tes s, stem reveras bonds.
The subordated 'ndebtednos fund, grouped a the debt service fund for fmantial reporting puyictes, accounts for funds accumuisted j
to pay prmttpal aid interest on subordmated indebtedness.
1 The Rate StaMWste fund actounts lot funds accumulated to staWas rates ovef future peneds through the transfer el funds to -
and from Revenue Ipnrts as necessary.
Ibs Construction fund ectounts im funds acn,mulated fut the inst of Arquis# tion and Constructen of the system.
The Utsty Ptar.t r.d improvement fund eitour:ts for fondand to pay for certem cartral prefetts or debt service, the purchase or 1
- f renemption of bis.ds, or otherwise proude lot the payment of bonds-Alluicancefor Tunds Used Huring Construction
' An allowsnu for intenst on borrowed funds used du"ng construtte of $t130.000 in 1991 and $373,000 in 1990 is mcluded m construtton in progrest and et a reducton el mterest eEconse These amounts are temputed by applying the effechva mtettst rate on the fund) bormved to Imance the protects in the monthir balantt 6! pippcts under construction, The effective interest rates were appgirnatply 6 $% and 5.7% jar 1991 and 1990 respettkety.
Deferred Deh.]s
- Deterred dsbets represent costs nursed that ocn be recovered trom future revenue through the rate making praess over a penod usudy
- ranging IFJm five 10 thirty years, Q>ntributituth in Aid 0,f Constrtiction
, Uthty plant in tervve for the wates art wastewater fundt include essets rererved from contnbutions m sed of t.onstruction &
^
- amount of swtization expense tricbded 5 the, tkiernent of femenue and espense end retamed earnings relating to the tuntributed esseh in treeted to rtstained earrangs to refktt the transfer of ins amount to the related contnbutions attount.
Staternent of tl ash flous -
Durtry 1991, GRU adoped Statement ha 9 of the GovernwtW Aucuniity Denhrds Board. Repmhng Cath Flows of hepr.elary
" and Nonexpendable Trvst f undi and Govsemental entme that the hepnettry Fui.d Acrounhag. Its 1990 financal statements have been rec!sss344 to prescat a tonparatne torma f
' Cash and Catsh Tquivalents '
for purposes of reporting cash fiows. tash and tash 6quierdests mclude tesh en hand, tank temarrd Etou us. and overmght iepinchase r
agreements -
Reclassifica!!an
- Certain amounts for B90 han bon redes!!ed to cordmm with the W91 otesuntaten e
- 'Mb es er e.
-me?
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s y
+ )4P 4 Ampg>
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.y p.mu pg 9a,',qga p yim-ymMvi,9 we-sTw97g>gPtWFMtMT-Y*'-udWs'W-WT--wy TNTW'-W
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i see aseen eseees 30 I
i
- 2. ED11g4El?!8 Debit long turn debt outstanding at September 30 consisted of the loHoug.
f l')91 1990
?
UtAty System Revenue Bonds. Senes 198.1 (1983 Bond 4
(
Prepal payable setm annustly to October t 2014, i
interest at various rates betneen 6% to 10 25%.
$ 182.085,000 8 184 215.000
- Utaties System Revenue Bords,1987 Series A (t387 Bonds)
Prmopal peyeble semiannwlty to October t 2017; wl.erest at vares rates between 5 6% to 8 4%
71602,331
'4,867,331 Utilities System Revenue Bonds Senes A 19894 (1989 Subordmated Bonds!
Prmapal proble semiannually to October t 2013; interest at various votes beineen 6.4% to 7.25%
100,366,361 100.366,361 1
i Utihties System Commerical Paper Notes Series D ISenes 0 Notes)
. Intersst at varioas market rates 71.361.000 73,261,000 427,414.692 432,703,692 Less: unamorttted bond Ascount (7,024 095)
_ (7.338,1991 Total lon0 term debt.,
4 420.390,597 8 425,431,493 9
GRU is required to depop1 monthly into separete accounts an amount equal to the pro f ata share of Ibe amount af principal and mtsrest i
becommg payable for the tevenue bonds on the p'ayment due dats: (Aptd 1 end October 1).
P f
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f 4
2 5
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4 eesi ee nii 3 The Idomng table lists'the Debt !+ree 11emimtents on it* bands outstanding et September 30.19914 l
f I
l'ertost I989 Total Nel 1r*.fing.
> Senior Lien Suisorniinatent thebt Service Octol>er i ilonuts (1) (2) lloruts (2)
Requir ernents (3)
}
m I
f 1992 8
2f.754.555 8
3,366.377 4
30.120,932 j
j 1991j 20.7 % 675 4.814,006 31.569,681 j
1994I-2E755.9T 7,678 626 34.434.578 1995 26.75 lJis 7,874 147 34.625.497 1
1906 26.749 450 '
7,8'8.373 -
34,627.823 1997 26 % 360 7,877,372 34,032,732 199?
26.751NO 7,876.01B 3t627,838 1999 26.763.588 7.873 837 34,627.425 l
2000 26.332.M1 J 7,873,838 '
34.176.679
[
2001 763b1,443 7.873,837 34 f 25.280 2032 4750,18B 7.873.838 34.624,026 7003j--
20.752,383 7.873.837.
34.626.220
. 2004 26,750 f:ra 7,813.838 34.624.478 2005 23.7bl,027 7.873.837 30624,864
[
- 008) 26,752.640-7,813 838 34 626,478 2007 26 ?51,627 15.213 837 41.965.464 2008 25 753,627,
17.623.962 44 377,589
)
7009
- 26,758.921 '
17.629.412 44.388.333 2010 26.752,821 17,623.600 44.377,427
- t 2011 26.751,403 11.622.000 44.374,303 2012 76 752.378 17.622.238 44.374.616 2013 26,755.827 17 626.538 44.382.365
. 2014 28,754,527 26.754.527 2015
- 6.761.540 6J61.540 2016 6,761200 6.721.300 2017 6,763]62 q
6 763.762 8
635,157.599 8
231.318.100 }
866,475.707 (1) includes the 1983 Etr.ds and 1987 Bonds.-
(2})ncludes prirtepa4 sinking fund insta9ments and interest, net of optialced interest.
(3)f adales debt wse payrnents on Series M Notes.
i 5
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Lh>nnikrns Debt, continudet:
The 1983 Bonds matanng on or af te Othbet t 1991 teicept those matunng nn Octoter 120htt are sobret to redempun at the cption of the Ody on pd at:er Octeet 1,194 at a redemphon pnce of 10?% m 1993, and 102% to 100*i *bertaf ter; the 1983 i
Bona maturmg on Ottekt 120M re wbgtt to fidemptwo at the opt on of the Cey on or atid Octobe 1.1993. et a redemptwn prits of 00%.
1 The 1937 Beds matunng on v si e. Octobtu 1.1938 (othei than C AAS Secumen are wtst to redempuon at the opten el iht t
Cny on and af te October 1 DJ7, as a whoie at any we or m p:t on imcrest syment hir. at a sedempten pace al 102% en I
1997 ed 101% te 100% therestter. The 1987 BDnds matemp on October 11007 to Ortohm 120t7, e e subs.tt to tedemptran thrwah mndatry nirMag fund mit Amers beenning on Octwe t MJ3 through Oc12er 12017, CfAS Lrcemes, cf $1027.000, re grNpd with the D97 Bonds. and te sdpct to redemptwn m 'he opte of the City on w shu Octen t 2020. es a nNJe at etiane or in part on October t r Ap>d i et a redrestion price of 1025..i 2000 and 101% therntto, tindu the ', ems of tho bend henolutroa stWbng to the nie of Ne 10S3 and TS7 Bonds, payment of the ponapal and inttreat is tecvd try an irrevocable hen on CRLrs net tuenm lutiusac of any fonds wbth mey t=v estebhthed pvwat to ne Bond Resolution i
for decommissnmng arid terta'n r,ther spetihed puW$en mchidmg the mvestments and wome, if any. thartof p
_a The Band 8MoNtion contams t etsin resto:trons and committnents,induding GRU't tovenant to est.ablan and mamtam tates and other thuigs to podote revenues wthderit 1o pay opermon and mamtenance #1pmet amourc teastd for depolit mto the f ate stabMa L tion funds, aNunts rettwed for deposit in the debt terme hvidt and rianti ansed for densd into the ht&ty pbnt knprovemem f and i
The In09 Subor&neted Bands matenreg orJ0nober t 7008 and 7013, are stject to itJemption.at the epbm of the dty on and
)
i after Octoter t 098. as a whole e in part et any te e, at a redemption pace of 102% throwh September 30,1999. and $01%
to 100% thernftet the Caoital Appreoation Bondt. of apprownatefi; $1fj21000 a grouped wna the 1989 Submdinand Bonds and othe iban those matunne en 0:lober 11991 are sciect to redemption unnt to matuuty at the option of the City on and ahet Ddober t 19L H a nhtA in Het O any time H redemptcn pnm of 103% through Srpumt+r 30. 2000, ett 102Wro 00%
thweabei.
The 089 Sotortbated Bonds are hect and special chhgalom of the Cny ocured as to the prmtml of the predpl or snkrtg fund redempton pote and interut thereon, en accordante w4th thee te'ms and the provnm: of t!e 52crdeted Res#r i, by the Saterinated
. kdebtednss font rN Sabordmated Debt Srtue Reserve Accoum and the Subr4nated Bud Paymerd Accoe a wbch air indoded m the Debt Service fund. The 19B9 Subwdtnated Scmds are suterdmated r ali respects to buds tsswd as fest hen bonds t'Smor ben Lands") under the Utdmes System Rnenue Band Resokhon. Payment m prinant and iment on the 1909 Subudinated Donds when due are inwred by a municipi bond mm.soce puhe, usued ':y AMCAC Indemnty Cuporahon
- Tht Series B Nctes are outst.nding under a P.ehving CreM and Tum loan Agreement dated October t 1997 (Sui.s B Agreememt Unde the term.s of 'be Senes P A; ermemt. GRU has the abaty h benow w% same day cabba!L up to $ 77.000 000 on a inAirig I
bas,s imtd October 20.102 at nNth time it may comert tonce;p to a tern, kan Senes B Notes of $1000,000 we redeemea during 1991 t
1 1
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- 3. Deposits aryl Investnwnts:
Depests re hdd m an mstiteten msmd by the Fedea: Depatwy laune Cmpnt,an aM as nved by ti.e Usty's Drmd Arvit<.n
{
in a tank. Spirp And ban s5wobon or trvit company of the lNed States or a natenal benkng assucatn,n tanmg opla! stock wplus and mdanied ermngs sep<t$ red at least $10,000.000 Depos:tr. ie the titrmi pantiv re mas:ed h accordance y ah state taas and the 0:My: Bed Reso4 ton. GRU in authmaed to mmt m (40ptw whah are un'estmcasy Duranteed tty t$r W4ted States el Antia or ns apnocs of reumecialdes, regnNse agemnear t#ptons unux dendy guaranteed by the lhnted States of Amuta or it opnoes rupssin m*btedness, daett and gererM obhpterix el any stre of the Umed States of Amenta tpre6ded uch rbhpter s are rated by e natiendy recogwed bond rating ppency m e !be of its two hghest ratog otepnest t
put$c bausng bonds. and cettu te:tihtstes of iepm Irinments e itrporate inMtesess nmst tie rated m the h,ghest f aimg t
catepy of a riatwdy trtegnbed retng opnq and in one ci the two hgtest estmp tregore of at least one other netmdy retoy ciued f atmg apney.
a bastments n tategtatad in the fahwmg tiible rh atterdaxe w,th Govereistal Accountmg Stedvds Bwd Statement No 3.
Categorv 1 scludes avestments that se inmed or regirtered or hed by t'a Utuy or na apnt in GRO's name. Catep/ 2 includes innstments that are unasated and un'cystered With secutries hod t;y the tounteTyl(s trust droartment m apnt twt iict m GRU's e
name Certa.n amounts b ',9D0 han been reclasssf+d ta tonform wah 1991 prescrdation t
Carrying
,11arket Septernher 30,1991 S kilue ikolue Category I
U S. Goverroant Secunties.
6 92J78 464 94 E 1.418 1
0S. Ocvernment Bonds 20 610.993 -
21.185.199 i
j Corporate Commerit al Paper.
82)D4223.
22J94 223 1
l Reput;hase Agreements -
11 535 487 11,535181 2
Total.
4 2073 19 307 4
210.34E527
==
r Carrying
.11arket Sefnernber Jtt,199ft l' lste 1kstue
- Ca tegory a
.e-1 f
U& Comnment Sermtin.
'8531SJ48l 8
' E6 912.358 1
IIS< Gownment Bonda-44106,221 I 43 517,074 1
~
Corprate Commvod Paper 81.053.932 81 083.832 1
Repurchase Agreements.
_11]f,9 343 11;261343; 2
- Total, 1
222.33E144 1
222J82.f,07 6
6 5
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=
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- '*Y'T f" ' +*
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- 3. Deposits and investruents, continued:
Cash and imestments are coritained in the followeg balance sheet accounts:
1991 1990
' Restriclesi assetsi j
Capital f acilities.
1 330.492 8
1,329.212 l
Utsty deposits.
3.064,714 3,070.818 Debt service fund -
112,927,821 98.549.051.
Rate stabrhution fund.
23 515.342 23.005.740 Construction fund.
36.362.679 66.874.270 Utsty plant improvement fond..
8.690.536 5.915.454 1
- Current asselst Cash and short term investments.
22,108,104 22,576,231
- Decommisserung reserve.
181542 965.368 Water pohtion ~
50.000 50.000 Total cash and investments, 208.749.236 222.336,144 Less cash,.
529.869 4
. 8 207,719.367 8
222.336,144 Total investawats o......
v
- 4. Jointly-Owned Electric Plantt GRU+wned resources for supplying electrk power and energy requvements include its 1.4079% un&vded ownevship interest m the Crysta! her Urut 3 tCR31 nuclear power plant operated by florida Ib*er Corpenten. CR3 operatog and maintenance costs, which represent GRU's part of expenses attributable to oper iion of C83, are recorded m accordance with the insituctions as set forth m l
the Urw!wm System of Accounts Payrnents are made to Florida Power Corporation m accordance with the CR3 participation agreement.
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- 5. Contributions in Atti of Constr uction:
- Centributes in a<d of construction are n follows:
i.j 1991 1990
.)
Contreuhons in aid of constivetion:
Utsty p! ant, property arut equipment contributed by municmalay 4
3 932.274 6
3 9B2.274 Federal and state gr.nts in aid of construction 20124.916 -
17,140.845 i
-r I
Contr6utes from customers and dneiopers.
Mant contnbuted by devvioper 35.252.784 34.076.925 Connection charges,
.3423J674 366956 1 lb iS5 635 89.023.nl Accumulated smortuaton (21.966,1921 t19.071.9811 Contr6vtons m aid of construction i
74.789 443
$ 69.751.130
- 6. Retainett Earnings:
Retained earnmgs for debt service and unappropriated are as follows:
19)!
199t*
Resmed for debt service.
1 93 97i.106 8 81,176.611 e
unappropriated.
__f 2.744 863
_91.730J15 Totai retained earnings 8 _176.719.969 8 172.966,926 4.
Retained earnings balances at September 30steserved in debt semco fund accounts are as follows.
I99I J990
~
. Smking fund account.
8 10.020.533' t.
10463.528 Reserve account 37,371.385 37,450.79; Debt service account,
15.404.091 17,195110 Subordir.ated bond payment account -
9.106.985 9,590.423
- Subordmated indebtedness fund account.
420.000 595.771 Bond amortaation account 40.564 226 23.034.076 Commercial paper riote payment account.
__40.003,
_ _ 14.748_
112.977.F27 98.549 051 Less-. Amourits appropriated for current nterest and pinemat payatte.
18.95?,121
_ 17.312 440, 2
4 9 L975,106 1 81 176 011
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- 7. Nellrennent Plans:
Ttte City v4esors and admimsteis one retvemertt plan sad one deferred contensation p:aa that riciades GRU a$d other Cdy emptners
[
The (mf>cyees Penwn Plan if mpicytes PiaQ a dshred Seneht. pomisry contntwIory prnsen ph rovets a4 emsk yees of GRU. cat 41
- i certen personnel ahn elect to partopate only in the Dele! red Crt:perosshoq Plan.
The City accounts for, and funds the costs of, the Ernpoven Ptsn as they amee sucn costs we based on tenteuten rates detemined by the innst recent attuana' vobation.1he tots! contnbetwns by GRU. mckdng anwtanton of poor semte tests tot the tema endtid Sep%nter R 1991 and 1990, ns (1042.830 eri $1.016.001 respect:veiv-in the opmion of tte City of Geneml:4. GRU has rio cbli;pition for any unfanded put st<nte or cthef cest of the pension fund en estess of required annual ttminbutirms Certem en, a es a e dgible to parte;iste m a defmed tur+rbutton defened ccropensahen plan maneged by the Internatonst CHy Managemert Ar.sociattun as 1:stel aplt for the City. Undo this pint the City contobutes IA of an empinet s annual sairy and i
employees may contobute either a spedhed percentage r* ddr s'nount Total defered tornpensation cost for GRU for the vers ended September 30,1J31 and 1M.t nu 5201.220 and $194,095. respectively.
- 8. Transfers to General fund:
GRU makes trans!sts to the City's Denerat g ernmant based on a formula that tres the transfer heuty in the prohtaoAty of the systent The transfer to the gent <a! fund may be made only to the estent such momes s't not necessey to pay debt ternce on the Outstandmg Bonds and subordinated debt or to make other necessary transfrs under the Ruoluten The fund transfer to the general
- tund f ar the years ended September 30,1931 ead 1930 wn $17.080,712 and 115,154.322 respectively.
In additen to the formula based transfer, the City Comrvssm, approved e one tene transfe' to the General Fund of $4.792,514 which became avahbie from en estion restrue;areg or, the OtAtie, System Revenee Bonds, Senes 19n Adddkanal fands were used to.-
fund General Governments Reserve pokey inwkwated t.y the City Commission rn 1991.
- 9. Deferred Debits:
latiuded m deferred deipts is the unamortued htdante of $21,508.000 rememrnD of the originel payment of $27.375 000 made to Island Creek Cost Sa!es Company on February 10:1981 m fd setiiement m connection with the City'r cancel! anon el a contract -
for supply of coal to Deerhaven li generstmg plant. The netiiement payment. far<ied with Senes B Notes, is bein0 recovered thsough future utihty fuel adustment revenue throu;,h the yw
- 003 f
i Th. remainmg balance in defened detuts is comprised c( bond as,unte cats and misce!Ioueous items which are teng amortued even penods from 5 to 30 vers.
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m_._
l
............... o Ref>0!*l oflittlefielltlelli ACCOIIIItti!Ils 011 Stof>J3Iersterstcs! Disits The Honorable Mayor and Members -
[
cl the City Committian -
j Csty of Gainesville Cainesville, Florida 3?601 '
\\
Our audits are rnade for the purpose of forming an opernon on the basic financial statements taken as a whole. (We have l
c previously audited the fmancial statements for 1989,198% 198'l and 1986 ~ none of which are preseated herein - and we expressed unqualified opinions on those financnl statements) The accornpanying schedules of combined net revenues I
in c: cord:nce with bond resolutions br the years ended September 30,199t 1930, t?B9,1988,193I and 1986, net revenues in accordance with bond resolutions - electric utihty tund, gas ut4ty fund, water utikty fund, and wastewater.
I utihty fund for the years ended Septernber 30,1991 and 1990. combining balance sheet at September 30,1991 combining l
statement of revenue and npense and retained earnings for the yesi ended September 30,199t and schertules of utiltty 1
plani properties and secumulated depreciation and amortization los the year ended September 30,199t are presented for purposes of additional analysis and are not a required part of the basic financial statements Such information has
.been subjected to the aud' ting procedures applied in the audits of the basic financial statements and, in out opinion, is f airly Stated in all material respects, in relation to (tw basic financial statements taken as a whole.
t
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. (JLijCtro
- 1]
v Coopers & lybrand Jackso,nvilie. Florida f
,$h);}{&..Ydiw Davis, Monk, h
& Company :.
f Gainesville, Florida November 19, 1991 -
I b.
1 1
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G AlWE5Villt RE GIO N AL UTillTIES i
Schedules of Combined Net Rewnues in Accordance tvith Bond Resolution
- for the years ends d Septerntser 30,1991 anti 1990 1991 1990 Rest'ot Nest De(tta innd Saies of electrott i
114 589 417 8
110 024 263 4
Othee etectne rewnues.
1107.b101 1527 7261 I
Intrest mcome _
4.419 127 4.815.096
. c letal ele 6ttic feed 'rmanes.
~
- 118 93.1._034-,_
- ,1113._1_1.6,,3_5 Gas sAs.
11.937.296 B.632,123 Othet gas fewnues~
$09 338 11 611,3071 intmst wome,
335 312 1 324 210 Tetal pas tend reves.es..
, 13 131.948 Wate, tved
_ tJ4{026 Sales el ester 7.943 974.
'.989 118 s
Other weier te.aws -
1.236381 1 471,167 intreat meme,,
942243 578 693 4
istal vrater fond revenes...
It' 123 000 9.989 975 Wastenter fwei Westena'w tengs -
10.542.730 10 306.883 Other nesteestae revenues,
ts37.868
% 9 674 Intrent mcome -
1.620 348 1.3M 151 total nesteweter fuse revenum.
13.830 946 12 231.813 letet revenues J 1 %.9'.,B.926
- - -144.97t452
.4
' Operation _and maintenance expensest l
Ilectric fM Fest em.
41.119 401 39 049 196
[
~ Opersmo e,# mntenance _.
11 420.206 16.3 4 485 i
Adnumstrathe se pesi 10 afi3186
,1.333 379
~
Total electric feed expenses,
_ 69 421 _393,.
___6_6__725 ')52_-
5 Ivel gense :
7.20I A 5 433.82A Operaten and esetenance.
680.t>49 555131 Aorumstrative and gewral>
2 097 619 1 305 930
-i Tetal gas fred supeases.
10.161.053 7395.359 Wates fand Opereen and mmmisanc
'3 067.510 3 156 677 L Adrearnstratre and pwnl.
1.677.080 1 841.371 fatst water fund empenses.
4 744.t150 5 004.048 Wastewater twd Oswaren neuf meWens te.
4 354.509 4 035.943
. f%nisva's and enagl.
2 779.4v6j 2A07FA
'etal wastewsts: funi empenses. J.
6334 005 6 443 6C3 l,r Tote! sporetion and maistcnance empenic, 61.1M101) h5 468 0f 21 Nel set enters in accordance seith hunti rewturfort:
' U, etic 49.491.641 47,5?tS83
'Gu 2,950 B33 LO49 667
, s
- way, 5,37a 350 4,984.930 s
i?
- nestewers -
t 7,066 941 63B8.21D
~
ist reveness beter, intmst uv.ofre fM sc% fvd,
(A.581R5 59 409 DO
-. Intmst mena t#um edng fed.
_8M956 870 S,08 foul set reveeves in accedance witti bond sesolvtse.
8 f5321,781 8-60 279 998 i.
Aggregate boM de01 seintre i 1
2G350 070_
t 19.t;64190 -
Aggrepts bSid debt wws comegs ec,a.
7 46 3 C1 kiae eeist serne.
8 35 (41.221
. I 20$5B817-
. htal debt wme cowrap tre.
1 84 2 77 4
~
. See liote on page G
+
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- G AlttSVillt RE &l0N AL UTILillit Schedules of Cornbined Net Remnues in Accordance trith Band Resolution
' for Ibc yetsrs ended September 30,198:1, Ip88,19H7 send 1986 19N9 1988 1987 1986 I
5 99.922.383 8
92.3401 31 8
87.0118.001 s-86 410.497 1.647.656 3175365 4179922 2 676 % )
l 4 995356 4113 275 t
' 3 403 152 3932350 99 _129 601)
_ 94 P>8t075
_.9.1119 B00 106.566 295
~~
. _ ~ _
~
i
~
__a 7,492.051 6738J09 6,373 645 6 258 636 1589.085 3'1927 545.593 411099 U53.248 947.t90 499 273 461627-0 234 334 6 006.t?5 7.418.551
- 7. net 362 9.489 697 8.09149:
7J7t522 7461805 (9.7A4!
fittt3271 (5t176, 068 8501 1900 626 f.516 6v2 636.693 594 f15 -
it380 579
_8458,170 ii.5:. Le f.6NIE7' 1281812f,6 11G05 837 110116 665 08.048 229 30.208.675 33319.557
~
' 36 026 210 33J41.345 12.691,332 11.761,141 12.148 298 9.732348 13.244 44J 111tL328 11.957.936 10.349.225 62.144 450 58 669 026 57.847579 56 110 163 L
~
~
~
~
~
~_
2,755 dia 2.720.775 2,634 446 2.360.623 2 047.026 1,94R109
- 1,507.274 1.571 940 4.807,445
-46696&4 4.141.670 3.932 563 i
3,255 39' 3.191659 3,124.386 2379057
' 7.641.943 2,193 204 2.111_412 1.976 406 6 097.3/3 5.386 863 5 235 798_
_ 43 W 465 173 3 44 2351 168 725,773i 107125.047)
(64 798 2111 44.421.645'
-.41.060,575 37,031496 37.109.617 5 A31.939
' 3 338 242 3J16.881 3.208199 5.283139 3 081 307 3 151.241 2 931 S02
+
55,i37.023 47.480 124 43.49II18 41 250.018 703J14 652.250 466034
___34 7 0B8 4
i 55.440 23 4
48,032.374 5
43 957$52 j i
43,537.106 r
i t
. 17.939390 4
11.930390 8
17.539.790 8
11,939190
.. imene 3 11 2 f>a 2.45 243 8
24.47t236 em' See note on page 43,
.n;
.- a
.-.~.a.~
\\
omisesvitt) usionat uTitiTus l
Scl.iedules of Net Retvintes in Accordance tvith Bond Resolution.
Electric Utility fund for the yestn ended Septernher 30, IMI and 1990 w
1991 1990
'Res enue:
Sales ei electocity:
Residential sales.
8 44.229 Ef)2 8 82.163.108 General service and lage pee.
42.454.844 41,389,103
, f uel ad:ustment 89.919 -
1.332.208 Street and traffic bghtop.
2,165.489 7.019.703 t,Gty surcharge 2,542,124 2,359,681 Sales for ressie 4,784,619 4.526,715 -
Intechange sales 18.322,921 16.173,685 Tetal sales of electheity
_114.589.41B_
110 024,263 Other sevenue:.
Transfers from 1t01 rate stahditaten (1.390.968)
(1,762.353)
Service chages 980.502 957.433 Pole venta!:.
133.354 131.626 -
169.002-145 5f,8 Miste'laneous.
(107.510[
(527.7261 Total ether revenue -
Interest irnme 4.419.127 4.615,098 118.901.035
_ 114.311,035 -
Total revenue............
.3 Of>erallon andjnalntenance exf>ense:
F Operation and maintenance:
Evel expense:
Reth and purchased power ?
30,391,393 29 097.080 R352.103 Interchange 10 728,003
- Totti feel e. pens'e.,.
4.
41.119,401 39.049.188
- Preer production -
11,785,093 11,048.200*'
l
- ensmosion.
fi13.313 576,580.
Distnbutsa '
5.001.800 4.711.705 Total operatica and maintenance 58.539g01
_ 55;385;673,
- Admuustrative and general.
Cntomer accounts.
2 210.174 1.973,558 Admastrative and general tl 659 012 9.351872 11,339,3801 4
1,0.869.780 Total administrative and general.
69 403 393
. 68 725 053 Total operation and maintenance expense Nel ret +nne in accordance evith bond resolution:
Retaa ;
41.696,729 40.705.005 Interchange 7.594,913 6.821.577 ;
Net revenue t.afore intereat inecue from sinking fund.
43,491,647 47,5BB.582 '
,In' nest income from sinking fund,
_ _ 732 US; 704.838 4 1
Total set revenue in accordante with bend resolution 8
50.224,280 -
$ 48 351,420 h
- See ahte on page 43 e
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G AINE8VILLE REGION AL UTittilES 1
Schedules of Net Retennes in Accorrlance with Bond Resolution i
. Gao Utility Iund for the years ended Sef>tember 30.1991 and 199th
. I 1991-199tl t
I Rescenue:
?
Sales of gas:
Residentiat 1
4,694.049 8
3.740,023 interfugtible: commercial J 7236.339 5.010.250 Other sain.
56.908 36tlBB4 v
_ 11.997.2'J6 8.632,173 Total sales of gas.. r.....
t
. Other revenus:
' 1dosfers from tto) n:e stslitaten :
064.610' O.740,325}
Net mccme - johtung.
87.724
?) 356 Service charge 57,084 57462 Total other rennes B09:338 0.611.307) e I
bterest scoms.
335.312 1,324210 11131.946; 8.345,020
-i 1etal rennes_..........
de:
Operation and ntaintenance exprisse:
4 Operaten and maintenance; fuel supeos.
7.202.885 5,431828 B80.649 555 6 _31 Operation and maintenante.
7etal opstation sad maintenance 8.093.534 5.989.459 Admirastrative and general.
Customer acteunts.
744.481 361.345 Ad.ninistrative and gerwra!
1.353.032 944.555 Total adminiettstire sad general...
2,091.519 1.305 900 10.181.053 7.295359 -
Total operation and maintenance expense...
Total rstenas before interest income from sinking fur.d 2.950,893 1.0491 07 Interest income from sinkmg fund.
_ _n Totsi net revenue in acestdance with bond resolution.
4 2.950.693 1,049.667 See note oh page 43.
' ^
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G AIN E S Vill E REC 10 N A L UTillitt 5 Scheclules of Net Reivnues in Accorciance with Ihnut Resoittlion Metre !!Illity fund Jk>r the years ended Septernber 30,1991 and 1990 1991 IWO m
Revenuer Sales of water, Ceneral custniners.
4 5.915.785 4
5.3fa9.502 Uninrsity of flo;ida.
536.478 584 760 fut protette 791.388 7Cfl 931 Generaung stats 105.BB4 89.926 Utibty surcharge,
. - - -. -594,439 575 999...
Total sales of water...
7.943 974 7.989 1'.'
Other renrme:
1)ansiers frt m tale stMahna.
759.722 426959 i
I Coonstre charges.
947.072 1,007,245
%stol'anemin 29.989 41.903 1.236.783 '
1.471.167 Total ethat tevenue lotesest income 942,243 528.693 l Total revenov.........
10 123.000 9.088.978 Operation artt3 rnatntenance expense:
Operanon ar4 maintenance:
Snece of sup[ly, 2.975 1,527 Pumping -
758,739 '
B47.636 Water trcatment 1 396,532 1.392.304 Iransmisssn and distribuhon.
903,333.
915.210 Total operation and maintenance.
3.067.570 3.156.677 Admhtstrative and general.
Customer accounts -
349,775 405.419 3
Administrative and general
_1,327.305 1,381.952 letal administrative and genera!.
, 1.677,090 1 847.371 I
j:
Tstal operation and maiitenance expense...,..
4.744 650 5,004.048 l
Wet revenue be!cre laterest income from sinking fund.
5.378.350 4,984.930 Interest, income from sinking fund.
50.921 53.159 Total net revenes in accordance with bond resolution.
5.429,271 4
5,038,089 See note on page 43.
f
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C AINf 5Vltif REGIOk Al UTittilES j
Schedules of Net Newnues in Accordance with Hand Reso!ntion Mastruister Utility Earnd -
for the years ended Sef>temtrer.50.1991 and 1990 1991 1990 Ret enue:
l Wastenater bungr 1
B. rungs.
8 f 6B1.155 i
9,482.492 titdity sertharge.
. M1375 l 824.396 Total wastewsts billings.....,.....
10342.730,
10,306 688 a.
Othet ferenus:
Transfers from (tol tMr stabdaation.
235.713 1756.47E Connecten c5arge:
1.3M.521 1.215 SOS -
Miscelianeot.s.
26.633 129.647 Total other revews...
1.6Pf 68 588.674
- Interest income 1320;348,,
_ 1338.251
_l'f M9g1 j2 231 B13 Total vernave....
operation and unntntenance exj>ense:
Operadon and maintenance:
Col:ecte..
905.699.
844.758 Treatment ad puir;nng, 3 448.810
_.3.191.19.1_
3 354.509]
403.949
- Total operation maj tagintenanie....
Adminiittative and gettetet Customer accounts,
305 128 433.562 y
Administrative ed general..
2,0 _14.3 _68
_. _ 1.974.092 I q
, Total administrative and per<eral.
7,379.496 2.407,654 Total operation and tasietenance expense, 6.734,005 fi.443.603 l
.~.
. Net revenue liefore 15terest intume from sinking fund...
7.066.941 5.788.210 Interttiincome fem sinking fod.
50.396 52,611.
I Total net revenue in accordance with band resolution.
8 7.117.337 4
5.840.Bg Notes:
^
" Net revenues in u cordance with bond resolution" differs from " Net income" which is t!ctermined in accordance with generaHy accepted accounting principles. Following are the more significant differentes:
- interest income does not include interest earnes on construction funds and on certain debt service accounts which
- can only be used for certain restricted purposes.
- Operation and mamtenance expenses do not incluce depreciation, amortdation, or interest expense.
- Other water ard wastewater revenues include fees for connection, installatvan,!mnt footap and backflow pevention.
- Transfers to the general fund are not included.
g a Other revenues include transfers (tol from the rate stabairation fund.
,e e
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~ - -.... _
.-. - ~.-. - -. -
i GAINt'8vittl'nt010861 UYlLITits 1
L Schedule of Combining Balance Sheet
~ $rptemt>e'r 30,19* 1) 1 a ss e rs Electric Gat Water Wastewater Combleicd s
u Utility plant:
13S5 046,543 8 20 932 364 1 75 025 231 8
99.161,385 8 580.225.623 j
A Ut tt plant in sprice.
y' Constructico m progrm 9.1K980 1.212.324 3 895,604 17,$97.861 31,862J69
[
394.203.623 22304.688 78,020.B35 1163 59 246 612.068,392 less: Arcumulateti depreciatk,n
, and araortuation.
M9199.442)
_ 7 !tg_. _(22.806.52h (30.083.6911 (179 9E950(
(
.... 275.004.181 14.393.398 56.114.30!i 86.675 555 432,187,442 Net utility piar.
kest Icted asselst Capital f aches:.j v'
Cash and inmttnents,
1.336.492 1.338 492 Uraty deposits.
l Cash and imstnents,.
2.939,331 125.323 I
3.064 714 a
4 Det't service fund' Cash one 6mrestments.
85,105316 2322.050 11,816.010 13 721.151 112,927.877 Rats stabdraren fut Cash and invtstrnents -
B.500,056 1,254,543 3.27b.922 10 424.821 23.51k342
+
Constweten fund:
Cash amt investrnents.
21.178.454 666,366 6.924 B27 7,593.102 36.3M EM
. Duv from (to) othm funce.
4 012A67 47363 51) 1222,00 6 1760.233) 2.293 475 -
I Ut&ty plar,t enp'avement 144 g
_ l.142.266_
401.251 585,329 8 630.53B_
Cash eid evestments.
6 561.670 Yetel restricted usets..
129.357,754
. 5,174J17 22.257.872 32.400322 188,191.065 ICurrent asselst Cash and short term mestments.
18,017i896 655367 1.540.250 1.b A191 22.105.104 Dectxnmassionog nrwvr 193.542 Cash and imrutnets.
193,542 Watar tehn smorgency renrer Cash and hvestments.
-g 50.000 50.000 Accounti receivable, not 18,400.319' B00 867 422.390 6413 00 20.325J85 Prepard expcsM 26.956 288360 2.610 2.867 319,419 invert; &
haf 9.207.638 9 207.638 ~
5,17 f.633 52837 5.224 470 Msh '
Tutel se4.4 sets..
51.077.984 1J96.257
. _ 2.015.459
_ 2.538 75 1
_ 57.428.450 l
1 Deft'rred deb /txt
_3tS79.66g
. 550.379 959.938
_ _ _ 1,360.205 34.850.1 A3 j I
Total a u m.
8480 410.580 ; 1 21,914351 8 81.347,577 8 122.975.240 4 '712.657,148
=
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. G AlQt S Vit ti R t hlDil Al U fit: Tit 4
' " " " ' " " " ^
Schedule qi Combimng Ikilance %ee!
A rptrusher.40,1991 (Con tin ucci)
- 1. l A ll l l l T I E A & F l! N D 47 Q l! ! T Y 1 let t ric Gas Water W.s h t en.it t r Combined i
t lonpterm debt and i
I futid equitp long inm dett i
U*Mes so'em twme bundt i2M 3W 003 l 1 1 510 UW { $ 35,105 721 l t 4t0410 382 l t 3%c53(92 ;
Ut+\\s es sntem wuwM 1
I e
p;v notes
%.11126 7 l 5 060,413 1D=5B7274{
71.301.003 leu Unavtad bej i
i danuni 15 E5912Sd iB31b40 ih2D 45d. -
- U 024.0W {
i%7B11!
-9 43 241 815 !
5709 76 )
470 330 59.7 !
s t
Tets! long term debt.
334 f.59105 l
- - -18 427,83?,
1 ---
l'und eqsuity:
{
l l
Contnbwoes in ad of i
l roestw1mn
-l 25.774 B70 43 014'i73 74 789.44) l Ntrntd emunip 153 bl9 895 2'.0 LAS i 12.019.875 10 643 553 i 176 719 9 9 l 4
_---__-_3 I
Totel fund equiti 153 619 M5 ;
230 MC 3/J M 745 I 59 864.12c 251 509.412 !
i
'}
1 Tutal teeg term ebt f
j
% 2./9 0_60 l. _..:B(58 478 l76 03_8 S_BC_.
116 923 911 1 671 900 009 snd fond eqWty.
4
_._ q
.q 3
I l
l l'ayable frorn restricts *tl assels:
{
l l
l l
U w g dep a t:
2.921.374 l FL793l
-l 3 320.157 {
UtAty system rennue bonds l
[
j 2203E42j 318140 l 325 309 {
547t41{
3 455J10]
penW cunent Awued strest tanW 11.4E4 5!22 i 091.534 i 1.434 893 i 1.906 472 !
15 437 711 l
i I
UtPy plut epiciement fund g
j l
(
AcmuMs notae and awuad i
fati%es.
550226 l 122102)'
1313Ead 4% 736 l
-. ~ l -. _.C' 7.15 G.735 l Da 'o ofte fra 4
Totas payable item I
23_171. 35il,.!
restrictd ersets.
172Ct%4 1817.210 !. 1)J_8 Oft) i. - _.
2_ 421.775 i
i I
l 1
Cesrrent liabilitics:
i 1585 M0 f 435 IM l
-i 4 C21995 l f ab potle Actaus pott an1 act wd i
j j
liat@tiu.
2114.015 433.5M l 331952' 870 100 '
4.427 635 l
^ Da to &J cite tands II55AM,
2075%I 8 % 3 71 ;
21d3 087 4 902 095 l 4
intet carrent LaEtaties.
P.0% M1 !
IM4E 24 i 1.t95_529 !- _ _
._3 053.137 13 350 035,
.. )
~-
i Other llal>llities and j
l sleferred cred/fs.
2 SS4 485 !
312 015 1 315428 570.411 1 4 279.145 j 1
i Total liabilities and fond
}
endty 1436 419.%J j i 2L914 751 j l 813t7.577 8
12L915140 8 112.%7.la!
-__m
___m.__._E.____.___________
_ _., _ _. _ _. - -... _... _. _. ~... _ _ _ _ _.
m
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s se 636'6ti Cll t CSW6t9tL i
stb 610'll i f St3OCE t
$63 6LTC918
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'sXuludUa flauf19]ag
.I L
- ' ' ' ' ' no113nassno> fo.
lit t60's ElC'Gif t 668'8f 3 1-pju ny suolingvisao) fo ualltrty90Nty i:
92i't69 M8'99 L fl6(162)
(CBI'l9t)
- * * *
- saafrup.Js n'tynha strcppsay 326'90G Zil 09C M 6'Ot Z0t'n9'll 06TSl0.
t9ftSf87t
' * * *
- t.* * ' * * #8 flu up#aq.
- sXutu.stra paup>py 209 Sir 1 10tr(80'Z, I6lrClf11 t/06'GtC) t6T619'S
- * ' * (tsof) auso>up fay
_.i922 Cl8'll)
' l8491LfZl irl5 5t C'D i9fi6'l39 (946 03r3tl
- * * * * * *
- P 88 Hf f tWH32 7
s
'os.safsarns Hunt >Ja'*)
f 89076WCZ
- ?Ct C09
- GCZlt8 690'9 tZ..
314006'll
' ' ' * * * ' * *
- r.4afruti.es XttpIt>Jatio &Jofaq auto)nt '
L._. _.
_ -.1409 6691.. _ lit 96'ECW 4tllLt6Zil H__
-(210'926)_.. _.Itt0'003 O L) resua5 o) envenas Sopvadomou lsiel MC't Z0 S 6CFCOC (99 90C l CGO.!!ry
- Suminisa4 mema puoq - weg (960*826'EC) t%f ttrCl -
G8Ft3ST)
(6t4860'll (996 008'94)
' 4stadis tsaieg.
190'006 9 L 60TitrZ 2901t07 (Cf0f t '
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G AINE SVsLLt Rt GIO N AL Utillillt Schedule of (!tility IWmt Pmperties Const>tned l'Illity f utul 5c]>ternber 30, I!)41 l'ttilly 2*lant i'rol>erlies italance
%sles and Hatance Plant in Service 930/y0
.taditions Retirennents W3Wyl i
Ilectric utilityfund
{
l l
bohrten Nant i 24.551 (CB i i
t016103 l 8
b 595 241 l
$ 244 271 939 ?
hwbr !#
4,171 333 i 205 069 j 4 37fa?9 Transmon nW d streuten pa t 14 2B5 (A i 79%TdCl 2 405 025 j I?17bf R2 l 370 978 I 14 011 117 i 1 477?49.))
Grietal and twemn ved 11_55.s341_
4 total vina staty fond.
_ 317 617920..q! - 10M_ 4 067.i 9 371.244 '
M5 046 C43
_-)
I l
l l
Gas l'Illity Iund:
l Distom,et U.18532) 1.755.335 ;
15 8 47uS!! i Sv.vt vant 759 944 i 1R4 % I; 644 042 Plant a comm a$s*vt 4 505 (;G4 4.b35 %4 Total ps etslity fnA 19 5 2331 10E 033 '
20W364,
'I
=
l Water utilityfund:
i 10 034 M7 {!
IJ05 710 j Bil !
12bu901}
supp,. parrem; sed ventet Wet hmr.,.iin em ditinMen Wint 51.011,428 !
2 919 %9 j 100057!
53 eR270 !
1 i
t GennJ wn
.- T440 E39 i 326 110 !
115 949 j 2 051 000 i Total water 6tdity fund.
70 297.314 4.051 595 i 221tf2i 75 025 D1 I
i i
1
%vesrater utilityfund:
I l
Paremg au tastet piwt 33,176 106 3R0 401 {
?00 031 {
3ti 707340 !
i CoNcum sent 55 B33 096 i 2 525 E14 !
E5 283 l 53 333 487 !
Geneal p3nt
_ 3 717 00_2 !
552 491]
209 535 4 099 958 Total muewater vtaty fund
_92 _R 8704
_ _6 808 632_
_._ 455 451,
09 101,365 1
559.050.769 f4 00 305 217 l 6
10No363l Total vant in servn 3
4 533.2?5 023 I
Construction iri ptogress j
j j
Construction fund:
5 714 427 l
[+cint utsty trd 2.056 C03 5
8 1,329 $57 ;
6 440 643 Gas utMy fund 1.432.907 IM3 253 i 1083 D6i 1.212.324 mw ut+:y Nnd.
2.661,%9 l 1921,028 j 131404/
37287%
Wwenetr u%ty fund 10 857 FA9 11.363.873 1 4 067 004 17 354 408 l 1
i Total e,..stractWa *nd.
17p07358j
_ 21 923 131 !
10194.5M j 20J3&333 i i
llIllity plant irnforovernentfund:
tiettnt titMy fand 3.341.149 j 10.171203 {
10 7EXS,
2 710 137 Waiti ut&ty fed.
fdA149 i 10%,082{
7.43h 332 l 100 649 Wattewaie utildy fed,
445 167 !
_.038 1D 4,i 1.30J 470 (
,7_43 3:13,i 1
I lotel utWty p' ant improvement 1
14 i
_3 225.0/9 !
..__. 5351Ct q 3 126.3?9 '
fund.
_ _3E4%_ l 44 t
ICtRI C0f!5tfWClir4 it pfDgf tli
$ 21,444,253 1 5 3514&210 1
74329.W i l 1
31102309 !
_._____o
~
i G AIWf 6Vitti REGION AL UtillllIS Schedtde of Accumulated Depreciation & AmortiWion Combined Utility l'arul
. September 30, 1,991 j
i I
' ~
llalarnce Salss und Italance 91,10520 Additions Retirements 91lW91 Electric ultitty fundi
' i 71Att,4t?
7.122331 6
3.661 231 4
80 019.556
.l
- rodeon plant ham ive!
2,953.DB2 447,401 3.397.573 hnsnusuon ered 6strbutw phnt 27.084.796 3.270316 1.218 644 29,126.008 '
Gevrai and common pant 5 26._1601 M9 035 19414$ -
G 065 495
)
q 112333.922q!
1etal electsk vtihty Iand.
. 118_29_$40.-
4 9fA 020
_.._119._199 442_
~
Gas Callity fundt t
Opeeng fund 6 762,755
!>27.258 (3.126) 1393 149 e
Flant acchtten efestment.
217,769 330,372
$18141 1stal get siihty fund
.L B.980.534
- 627.630
.. --- 26)-
(31
-,.81. _1290.
7 r
Mk. ster utilityfunds tmpply. pumpq and tristment piani 3.660,432 149 500 BG2 4,009.0/6 Trammissaans and datitmte Want 16.4 % 574 1,477.462 106857 10 tt27.129
+
E"*' N'l -
_.h8.$#.:9.J
- _ 71441
. _.._ h.p0M,,
188M2 Total weter stilit/ fund.
21,174 % 0
_.. 1,816._.130 4
____._ _184.1_6 3
,. q 22 600 521 M%sstewater $4tilityfund:
'l Pumps and treatment plant -.-.
10.914 551 1,152.f,89 45 334 12.071.906 Cellettv,n plc.t.
13.974.249
~ 1.122.085 85263 16.011.051
~ General pact.
2.613 655:
34).309_
_ _ _ 110.410
_ 3 050.734 Intel westeweter utihty plant,
27,707,555 2.622.083 241.047
. 30 083 691
.......... I 168.191.671 8 17,095,369 4
5.586.110 8 179 930,950 Total a
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