The Truckee Donner PUD was formed and operates under the State of California Public Utility District Act. This district is governed by a board of directors which consists of five elected members. Truckee Donner PUD provides electric and water service to portions of Nevada and Placer Counties described as Truckee. The electric and water service operations are separately maintained and operated. These financial statements reflect the combined electric and water operations. All significant transactions between electric and water operations have been eliminated. These eliminations include power purchases and rent for shared facilities.
Truckee Donner PUD's blended component units consist of organizations whose respective governing boards are comprised entirely of the members of Truckee Donner PUD's Board of Directors. These organizations are reported as if they are a part of Truckee Donner PUD's operations. The entities are legally separate, however, in the case of the Truckee Donner Public Utility District Financing Corporation, financial support has been pledged and financial and operational policies may be significantly influenced by the District. The following is a description of the blended component units:
Truckee Donner Public Utility District Financing Corporation is a legal entity that was created to issue and administer Certificates of Participation on behalf of Truckee Donner PUD.
Truckee Donner Public Utility District Community Facilities District No. 03-1 (Old Greenwood) is a legal entity created to issue special tax bonds to finance various public improvements needed to develop property located within Old Greenwood.
Truckee Donner Public Utility District Community Facilities District No. 04-1 (Gray’s Crossing) is a legal entity created to issue special tax bonds to finance various public improvements needed to develop property located within Gray’s Crossing.
Separate standalone financial statements are not available for the blended component units described above.
The financial statements that exclude the financial results of the blended component units are below:
Truckee Donner Public Utility District (District) provides electric power to 13,200 customers and water to 12,500 customers. This service, along with capital replacements, is paid by rates. Expanding electric and water systems in response to growth in the community is paid by developer fees.
This District budget for years ending December 31, 2016 and 2017 (FY16 and FY17) reflects past performance, current requirements, and future opportunities and risks. The budgets for both the District’s Electric Utility and Water Utility are balanced. That is to say, the revenue and transfers from reserves are equal to the sum of expenses, debt service, capital projects, and transfers to reserves.
Part I Mission Statement
Part II Electric Utility’s operations, maintenance and repair
Part III Water Utility’s operations, maintenance and repair
Part IV Capital budgets for the electric and water systems
Part V Appendices