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050100
150
200
250
Jan-
19Fe
b-19
Mar
-19
Apr-1
9M
ay-1
9Ju
n-19
Jul-1
9A
ug-1
9S
ep-1
9O
ct-1
9N
ov-1
9D
ec-1
9
TAC
OM
A PO
WER
CU
RR
ENT
FUN
D B
ALA
NC
ED B
UD
GET
CAS
H P
RO
JEC
TIO
NS
Estim
ated
Cas
h fo
r 201
9-20
20
Min
60%
Min
2019
/20
Bud
get
Act
ual
Cur
rent
Pro
ject
ion
Pre
viou
s Pr
ojec
tion
AMOUNT(millions)
Mar
ch 2
019
Cas
h Pr
ojec
tions
-1 -
Taco
ma
Pow
er
050100
150
200
250
Jan-
19Fe
b-19
Mar
-19
Apr-
19M
ay-1
9Ju
n-19
Jul-1
9Au
g-19
Sep-
19O
ct-1
9N
ov-1
9D
ec-1
9
AMOUNT(millions)
TAC
OM
A PO
WER
CU
RR
ENT
FUN
D C
ASH
PR
OJE
CTI
ON
SA
ctua
l (a)
and
Estim
ated
Cas
h* fo
r 201
9-20
20
CU
RR
ENT
PRO
JSC
ENAR
IO 1
SCEN
ARIO
2S
CEN
ARIO
3M
IN60
% M
INA
ctua
l
Mar
ch 2
019
Cas
h Pr
ojec
tions
- 2 -
Taco
ma
Pow
er
Mar-19 Mar-19 Apr-19 May-19 Jun-19Estimate Actual
Beginning Cash Balance (4) 145,956 145,956 149,004 146,724 142,792
Cash InRetail Sales 34,876 37,229 32,909 31,026 28,602 Wholesale Sales 3,496 3,644 2,750 2,900 4,594 Telecommunications 2,309 2,221 2,258 2,241 2,230 Other Revenue 2,192 2,759 2,192 2,192 2,192
Total Cash In 42,873 45,853 40,109 38,359 37,618
Cash OutPersonnel Costs 7,131 7,115 7,131 10,697 7,131 Debt Service 2,488 2,526 2,488 2,488 2,488 Taxes 4,477 4,853 5,191 4,856 4,645 BPA Purchases 12,728 13,312 12,513 11,121 11,494 Wholesale Purchases 4,907 5,461 4,375 2,438 2,095 Supplies, Other Services & Charges 6,955 7,806 6,955 6,955 6,955 Capital Outlay 3,736 4,567 3,736 3,736 3,736
Total Cash Out 42,422 45,640 42,389 42,291 38,544
Net 451 213 (2,280) (3,932) (926)
Change in A/R (327) Change in A/P 3,162
Ending Cash Balance 146,407 149,004 146,724 142,792 141,866
TACOMA POWER2019-2020 BALANCED BUDGET CASH PROJECTION
(000's omitted)
March 2019 Cash Projections - 3 - Tacoma Power
The accompanying notes are an integral part of these cash projections.TACOMA POWER2019-2020 CURRENT FUND CASH PROJECTIONS
Notes:1. While this projection is based primarily on historic patterns, it is factored by actual revenue and expense elements when known or when they can reasonably be estimated.
2. Based on Public Utility Board and City Council resolutions, the Division should maintain a minimum cash working capital balance of approximately $118.4 million (90 days) in the 2019/2020 biennium. Due to seasonal fluctuations, however, the Division may on occasion drop below this recommended level. The cash balance in any month should never be allowed to drop more than 40% below the recommended level ($71.0 million).
3. Commitments: These projections are based on the 2019/2020 budget.
4. "Actual" cash and investment balance as of March 1st, 2019.
5. BPA Purchase information provided by Power Management May 3, 2019. BPA billings are net of Wynoochee and LaGrande/Cushman billing credits. 6. The Capital Outlay projection is based on the 2019/2020 budget.
7. Regular debt service includes the interest and principal payments on all outstanding Electric System Revenue and Refunding bonds.
8. Retail revenue in this projection is based on the Retail Sales and Forecast provided by the Rates, Planning and Analysis division.
9. On the Current Fund Cash Projections graph the most recent projection is labeled "CURRENT PROJ." Also shown are three scenarios based on estimated wholesale power sales revenues under current forward wholesale market prices and the following streamflow conditions: • Scenario 1 represents critical water conditions for 12 months followed by adverse water conditions. • Scenario 2 represents adverse water conditions. • Scenario 3 represents average water conditions.
10. Wholesale Sale/Purchase information provided by Power Management on April 10, 2019.
Significant Changes:
Retail Sales were $2.4 million more than projected predominantly due to higher consumption than projected in Residential, Small General, General, High Voltage, and Contract Industrial categories.
March 2019 Cash Projections - 4 - Tacoma Power
-
10
20
30
40
50
60
70
Amount (millions)
TA
CO
MA
WA
TE
RC
UR
RE
NT
FU
ND
CA
SH
PR
OJE
CT
ION
SA
ctu
al
& E
sti
mate
d C
ash
fo
r 2019/2
020
Actu
al
Curr
ent
Pro
jection
Pre
vio
us P
roje
ction
Min
60 d
ays
60%
Min
Budge
t
Mar
ch 2
019
Cas
h Pr
ojec
tions
-1 -
Taco
ma
Wat
er
Mar-19 Mar-19 Apr-19 May-19 Jun-19
Estimate Actual Estimate Estimate Estimate
Beginning Cash Balance 60,797 60,797 61,675 60,917 58,361
Cash In
Water Sales 6,047 6,000 6,936 6,115 7,683
Interest 23 160 23 23 23
Other Revenue 312 (35) 312 312 312
BABs Subsidies 231 232 231 231 231
Total Cash In 6,613 6,357 7,502 6,681 8,249
Cash Out
Personnel Costs 2,170 1,772 2,170 3,255 2,170
Supplies, Other Services & Charges 2,406 2,484 2,406 2,406 2,406
Taxes 991 996 932 824 1,205
Debt Service 2,206 2,225 2,206 2,206 2,206
Capital Outlay 546 (857) 546 546 546
Total Cash Out 8,319 6,620 8,260 9,237 8,533
Change in A/R - 761 - - -
Change in A/P - 380 - - -
Net Change in Cash (1,706) 878 (758) (2,556) (284)
Ending Cash Balance 59,091 61,675 60,917 58,361 58,077
TACOMA WATER
2019/2020 CURRENT FUND CASH PROJECTIONS
(000's omitted)
March 2019 Cash Projections - 2 - Tacoma Water
Notes:
1. While this projection is based primarily on historic patterns, it is factored by actual revenue and
expense elements when known or when they can reasonably be estimated.
2. Based on City Council Resolution No. 38215, adopted March 8, 2011, the Division should
maintain a minimum cash balance equal to 60 days of current expenditures ($16.098 million in
2019/2020). Due to seasonal fluctuations, however, the Division may on occasion drop
below this recommended level. The cash balance in any month should never be allowed to
drop more than 40% below the recommended level ($9.659 million).
3. Projections for changes in A/P and A/R are not provided due to the variable nature of these
accounts. In general, a change in A/R is a result of a change in current month billings and
collections, both of which are indicators of current and future cash inflows. A change in A/P is
a result of a change in current month purchases and payments, both of which are indicators of
current and future cash outflows.
Explanation of Variances and/or Changes in Projections:
March actuals shown in Capital Outlay include corrections for capital reimbursements posted
during the first quarter. Capital Outlay is nearly $1.4 million lower than anticipated at the end of
the first quarter primarily due to a variance between actual and projected spending for the AMI
project.
TACOMA WATER
2019/2020 CURRENT FUND CASH PROJECTIONS
March 2019 Cash Projections - 3 - Tacoma Water
0%
20
%
40
%
60
%
80
%
10
0%
-
10
,00
0
20
,00
0
30
,00
0
40
,00
0
50
,00
0
60
,00
0
70
,00
0
80
,00
0
2011
2012
2013
2014
2015
2016
2017
2018
1/31/2019
2/28/2019
3/31/2019
4/30/2019
5/31/2019
6/30/2019
7/31/2019
8/31/2019
9/30/2019
10/31/2019
11/30/2019
12/31/2019
% Expended
ThousandsW
ate
r 4
60
0-1
0W
C C
um
ula
tive
Bo
nd
Sp
en
din
g
Act
ual
Pro
ject
ion
sSp
en
din
g R
eq
uir
emen
ts
Net
P
roce
eds
$7
0.5
83
M
Mar
ch 2
019
Cas
h Pr
ojec
tions
- 4 -
Taco
ma
Wat
er
0%
20
%
40
%
60
%
80
%
10
0%
-
10
,00
0
20
,00
0
30
,00
0
40
,00
0
50
,00
0
60
,00
0
2013
2014
2015
2016
2017
2018
1/31/2019
2/28/2019
3/31/2019
4/30/2019
5/31/2019
6/30/2019
7/31/2019
8/31/2019
9/30/2019
10/31/2019
11/30/2019
12/31/2019
% Expended
ThousandsW
ate
r 4
60
0-1
3W
C C
um
ula
tive
Bo
nd
Sp
en
din
g
Act
ual
Pro
ject
ion
sSp
en
din
g R
eq
uir
emen
ts
Net
P
roce
eds
$5
0.6
72
M
Mar
ch 2
019
Cas
h Pr
ojec
tions
- 5 -
Taco
ma
Wat
er
4600-10WC 4600-13WC
Bond Type
Taxable Build America
Bonds
Revenue and Refunding
Bonds
Issue Date 8/26/2010 5/7/2013
Months Transpired 104 71
Construction Fund Proceeds 70,583,000 50,672,000
Interest Income 3,622,098 1,490,919
Period
2011 (13,126,630) -
2012 (27,346,085) -
2013 (32,598,851) (5,767,218)
2014 4,004,026 (10,470,130)
2015 4,610,670 (10,684,407)
2016 16,395,475 (8,545,727)
2017 (8,222,040) (1,351,277)
2018 (10,608,527) 1,615,620
1/31/2019 (1,468,621) -
2/28/2019 (695,837) -
3/31/2019 (1,671,784) -
Total Spending (70,728,204) (35,203,139)
Remaining Bond Balance 3,476,894 16,959,780
Actual % Spent 100% 69%
Cash Balance 3,476,894 16,959,780
Tacoma Public Utilities
Water Bonds
As of March 31, 2019
Water
March 2019 Cash Projections - 6 - Tacoma Water
4600-10WC
PROJECT EST $$ ACT $$ DIFF
15/16 Distribution Main Upgrades & Renew - 110,069 110,069
17/18 MRP: Economic Model - 397,634 397,634
17/18 MRP: Galvanized Main Projects - 322,335 322,335
19/20 Hydrant Installation & Replacement - 113,933 113,933
19/20 Water Service Replace & Renewals - 396,502 396,502
12 Projects - 331,312 331,312
TOTAL Spending vs. Projection - 1,671,784 1,671,784
4600-13WC
PROJECT EST $$ ACT $$ DIFF
- - -
- - -
- - -
- - -
- - -
- - - - - -
TOTAL Spending vs. Projection - - -
March 2019 Cash Projections - 7 - Tacoma Water
0123456789
10
11
12
Jan-1
9F
eb
-19
Ma
r-1
9A
pr-
19
Ma
y-1
9Jun-1
9Jul-1
9A
ug-1
9S
ep-1
9O
ct-
19
No
v-1
9D
ec-1
9
AMOUNT(millions)
TA
CO
MA
RA
IL2
01
9 C
UR
RE
NT
FU
ND
CA
SH
PR
OJ
EC
TIO
NS
Ac
tua
l &
Es
tim
ate
d C
ash
Actu
al
Cu
rre
nt
Pro
jP
revio
us P
roj
MIN
60
Da
ys
60
% M
IN
Mar
ch 2
019
Cas
h Pr
ojec
tions
- 1 -
Taco
ma
Rai
l
Mar-19 Mar-19 Apr-19 May-19 Jun-19
Estimate Actual Estimate Estimate Estimate
Beginning Cash Balance $11,409 $11,409 $10,325 $10,690 $9,664
REVENUES (Cash-In) (1)
Switching Revenue 2,542 2,542 2,380 2,690 2,529
Demurrage Revenue 132 132 151 96 96
Other Revenues 18 14 51 29 29
Lease Revenue 84 77 79 84 84
Interest Income 20 22 19 14 13
Service Maint/Trans Revenue 164 173 351 250 200
Reimbursement/Transfer Ins - - 4 - -
Total Revenues 2,960 2,960 3,035 3,163 2,951
EXPENSES (Cash-Out) (1)
Personnel Costs 1,258 1,258 1,260 1,757 1,307
Taxes 277 277 283 297 277
Supplies, Other Services & Charges 651 600 754 621 704
Assessments 155 157 145 158 158
Debt Service 36 15 62 116 138
Volume Incentive - 83 - 292 -
Capital Outlay (4) 978 105 166 948 90
Total Expenses 3,355 2,495 2,670 4,189 2,674
Change in AR (3) (1,411)
Change in AP (3) (138)
Net Increase (Decrease) in Cash (395) (1,084) 365 (1,026) 277
Ending Cash Balance (2) 11,014 $10,325 $10,690 9,664 $9,941
The accompanying notes are an integral part of these cash projections.
TACOMA RAIL
2019 CURRENT FUND CASH PROJECTIONS
(000's omitted)
March 2019 Cash Projections - 2 - Tacoma Rail
Notes:
Significant changes since last projection:
4. The variance in Capital Outlay of ($873,000) is due to a delay in receiving invoices for active capital projects.
2. Based on City Council Resolution No. 37101, adopted February 6, 2007, the Division should maintain a minimum cash
balance equal to 60 days of current expenditures ($5.478 million in the 2017/2018). Due to seasonal fluctuations, however,
the Division may on occasion drop below this recommended level. The cash balance in any month should never be allowed
to drop more than 40% below the recommended level ($3.287 million).
3. Change in AR and Change in AP are adjustments to the current month’s actual cash flows from Revenues and
Expenses which factor into the actual ending cash balance. A positive number in Change in AR indicates collections from
outstanding accounts receivables exceeded revenues billed in the same month. Conversely, a positive number in Change
in AP indicates that payments for goods and services were less than recorded expenses for the same month. The
outstanding AR and AP balances at the end of the month will impact the future cash inflows and outflows, respectively.
TACOMA RAIL
2019 CURRENT FUND CASH PROJECTIONS
1. While this projection is based primarily on historic patterns, it is factored by actual revenue and expense elements when
known or when they can reasonably be estimated.
March 2019 Cash Projections - 3 - Tacoma Rail
050100
150
200
250
Jan-
19Fe
b-19
Mar
-19
Apr-1
9M
ay-1
9Ju
n-19
Jul-1
9A
ug-1
9S
ep-1
9O
ct-1
9N
ov-1
9D
ec-1
9
TAC
OM
A PO
WER
CU
RR
ENT
FUN
D B
ALA
NC
ED B
UD
GET
CAS
H P
RO
JEC
TIO
NS
Estim
ated
Cas
h fo
r 201
9-20
20
Min
60%
Min
2019
/20
Bud
get
Act
ual
Cur
rent
Pro
ject
ion
Pre
viou
s Pr
ojec
tion
AMOUNT(millions)
April
201
9 C
ash
Proj
ectio
ns-1
-Ta
com
a Po
wer
050100
150
200
250
Jan-
19Fe
b-19
Mar
-19
Apr-
19M
ay-1
9Ju
n-19
Jul-1
9Au
g-19
Sep-
19O
ct-1
9N
ov-1
9D
ec-1
9
AMOUNT(millions)
TAC
OM
A PO
WER
CU
RR
ENT
FUN
D C
ASH
PR
OJE
CTI
ON
SA
ctua
l (a)
and
Estim
ated
Cas
h* fo
r 201
9-20
20
CU
RR
ENT
PRO
JSC
ENAR
IO 1
SCEN
ARIO
2S
CEN
ARIO
3M
IN60
% M
INA
ctua
l
April
201
9 C
ash
Proj
ectio
ns- 2
- Ta
com
a Po
wer
Apr-19 Apr-19 May-19 Jun-19 Jul-19Estimate Actual
Beginning Cash Balance (4) 149,004 149,004 148,003 144,043 141,718
Cash InRetail Sales 32,909 33,416 31,026 28,602 27,159 Wholesale Sales 2,750 3,250 3,091 3,718 4,276 Telecommunications 2,258 2,148 2,241 2,230 2,209 Other Revenue 2,192 2,320 2,192 2,192 2,192
Total Cash In 40,109 41,134 38,550 36,742 35,836
Cash OutPersonnel Costs 7,131 7,265 10,697 7,131 7,131 Debt Service 2,488 2,561 2,488 2,488 2,488 Taxes 5,552 5,090 4,981 4,668 4,449 BPA Purchases 12,513 13,391 11,121 11,494 11,690 Wholesale Purchases 4,375 2,906 2,532 2,595 2,033 Supplies, Other Services & Charges 6,955 7,280 6,955 6,955 6,955 Capital Outlay 3,736 3,065 3,736 3,736 3,736
Total Cash Out 42,750 41,558 42,510 39,067 38,482
Net (2,641) (424) (3,960) (2,325) (2,646)
Change in A/R 1,647 Change in A/P (2,224)
Ending Cash Balance 146,363 148,003 144,043 141,718 139,072
TACOMA POWER2019-2020 BALANCED BUDGET CASH PROJECTION
(000's omitted)
April 2019 Cash Projections - 3 - Tacoma Power
The accompanying notes are an integral part of these cash projections.TACOMA POWER2019-2020 CURRENT FUND CASH PROJECTIONS
Notes:1. While this projection is based primarily on historic patterns, it is factored by actual revenue and expense elements when known or when they can reasonably be estimated.
2. Based on Public Utility Board and City Council resolutions, the Division should maintain a minimum cash working capital balance of approximately $118.4 million (90 days) in the 2019/2020 biennium. Due to seasonal fluctuations, however, the Division may on occasion drop below this recommended level. The cash balance in any month should never be allowed to drop more than 40% below the recommended level ($71.0 million).
3. Commitments: These projections are based on the 2019/2020 budget.
4. "Actual" cash and investment balance as of April 1st, 2019.
5. BPA Purchase information provided by Power Management May 3, 2019. BPA billings are net of Wynoochee and LaGrande/Cushman billing credits. 6. The Capital Outlay projection is based on the 2019/2020 budget.
7. Regular debt service includes the interest and principal payments on all outstanding Electric System Revenue and Refunding bonds.
8. Retail revenue in this projection is based on the Retail Sales and Forecast provided by the Rates, Planning and Analysis division.
9. On the Current Fund Cash Projections graph the most recent projection is labeled "CURRENT PROJ." Also shown are three scenarios based on estimated wholesale power sales revenues under current forward wholesale market prices and the following streamflow conditions: • Scenario 1 represents critical water conditions for 12 months followed by adverse water conditions. • Scenario 2 represents adverse water conditions. • Scenario 3 represents average water conditions.
10. Wholesale Sale/Purchase information provided by Power Management on May 9, 2019.
Significant Changes:
Wholesale Purchases were lower than projected by ($1.5) million predominantly due to the timing of payments.
April 2019 Cash Projections - 4 - Tacoma Power
-
10
20
30
40
50
60
70
Amount (millions)
TAC
OM
A W
AT
ER
CU
RR
EN
T F
UN
D C
AS
H P
RO
JE
CT
ION
SA
ctu
al
& E
stim
ate
d C
ash
fo
r 2
019/
2020
Act
ual
Cu
rre
nt P
roje
ctio
nP
revi
ous
Pro
ject
ion
Min
60
da
ys60
% M
inB
udg
et
April
201
9 C
ash
Proj
ectio
ns-1
-Ta
com
a W
ater
Apr-19 Apr-19 May-19 Jun-19 Jul-19Estimate Actual Estimate Estimate Estimate
Beginning Cash Balance 61,675 61,675 62,215 59,659 59,375
Cash InWater Sales 6,936 6,860 6,115 7,683 7,836 Interest 23 155 23 23 23 Other Revenue 312 335 312 312 312 BABs Subsidies 231 232 231 231 231 BABs Subsidy 2010 Bond - - - - -
Total Cash In 7,502 7,582 6,681 8,249 8,402
Cash OutPersonnel Costs 2,170 1,917 3,255 2,170 2,170 Supplies, Other Services & Charges 2,406 2,161 2,406 2,406 2,406 Taxes 932 892 824 1,205 1,042 Debt Service 2,206 2,205 2,206 2,206 2,205 Capital Outlay 546 (423) 546 546 546
Total Cash Out 8,260 6,752 9,237 8,533 8,369
Change in A/R - 30 - - - Change in A/P - (320) - - -
Net Change in Cash (758) 540 (2,556) (284) 33
Ending Cash Balance 60,917 62,215 59,659 59,375 59,408
TACOMA WATER2019/2020 CURRENT FUND CASH PROJECTIONS
(000's omitted)
April 2019 Cash Projections - 2 - Tacoma Water
Notes:
1. While this projection is based primarily on historic patterns, it is factored by actual revenue and expense elements when known or when they can reasonably be estimated.
2. Based on City Council Resolution No. 38215, adopted March 8, 2011, the Division should maintain a minimum cash balance equal to 60 days of current expenditures ($16.098 million in 2019/2020). Due to seasonal fluctuations, however, the Division may on occasion drop below this recommended level. The cash balance in any month should never be allowed to drop more than 40% below the recommended level ($9.659 million).
3. Projections for changes in A/P and A/R are not provided due to the variable nature of these accounts. In general, a change in A/R is a result of a change in current month billings and collections, both of which are indicators of current and future cash inflows. A change in A/P is a result of a change in current month purchases and payments, both of which are indicators of current and future cash outflows.
Explanation of Variances and/or Changes in Projections:
April actuals shown in Capital Outlay include corrections for capital reimbursements posted during the first quarter. Capital Outlay is nearly $970,000 lower than anticipated at the end of the first quarter primarily due to a variance between actual and projected spending for the AMI project.
TACOMA WATER
2019/2020 CURRENT FUND CASH PROJECTIONS
April 2019 Cash Projections - 3 - Tacoma Water
0%20%
40%
60%
80%
100%
-
10,
000
20,
000
30,
000
40,
000
50,
000
60,
000
70,
000
80,
000
2011
2012
2013
2014
2015
2016
2017
2018
1/31/2019
2/28/2019
3/31/2019
4/30/2019
5/31/2019
6/30/2019
7/31/2019
8/31/2019
9/30/2019
10/31/2019
11/30/2019
12/31/2019
% Expended
Thousands
Wat
er 4
600-
10W
C Cu
mul
ativ
e Bo
nd S
pend
ing
Actu
alPr
ojec
tions
Spen
ding
Req
uire
men
ts
Net
Pr
ocee
ds
$70.
583
M
April
201
9 C
ash
Proj
ectio
ns- 4
- Ta
com
a W
ater
0%20%
40%
60%
80%
100%
-
10,
000
20,
000
30,
000
40,
000
50,
000
60,
000
2013
2014
2015
2016
2017
2018
1/31/2019
2/28/2019
3/31/2019
4/30/2019
5/31/2019
6/30/2019
7/31/2019
8/31/2019
9/30/2019
10/31/2019
11/30/2019
12/31/2019
% Expended
Thousands
Wat
er 4
600-
13W
C Cu
mul
ativ
e Bo
nd S
pend
ing
Actu
alPr
ojec
tions
Spen
ding
Req
uire
men
ts
Net
Pr
ocee
ds
$50.
672
M
April
201
9 C
ash
Proj
ectio
ns- 5
- Ta
com
a W
ater
4600-10WC 4600-13WC
Bond TypeTaxable Build America
BondsRevenue and Refunding
BondsIssue Date 8/26/2010 5/7/2013Months Transpired 105 72
Construction Fund Proceeds 70,583,000 50,672,000 Interest Income 3,628,348 1,520,491 Period
2011 (13,126,630) - 2012 (27,346,085) - 2013 (32,598,851) (5,767,218) 2014 4,004,026 (10,470,130) 2015 4,610,670 (10,684,407) 2016 16,395,475 (8,545,727) 2017 (8,222,040) (1,351,277) 2018 (10,608,527) 1,615,620
1/31/2019 (1,468,621) - 2/28/2019 (695,837) - 3/31/2019 (1,671,784) - 4/30/2019 (1,019,914) -
Total Spending (71,748,118) (35,203,139) Remaining Bond Balance 2,463,230 16,989,352 Actual % Spent 102% 69%Cash Balance 2,463,230 16,989,352
Tacoma Public UtilitiesWater Bonds
As of April 30, 2019
Water
April 2019 Cash Projections - 6 - Tacoma Water
4600-10WCPROJECT EST $$ ACT $$ DIFFLead Gooseneck Service Renewal - 212,168 212,168 17/18 MRP: Economic Model - 177,939 177,939 19/20 Water Service Replace & Renewals - 191,506 191,506 19 Projects - 438,301 438,301
TOTAL Spending vs. Projection - 1,019,914 1,019,914
4600-13WCPROJECT EST $$ ACT $$ DIFF
- - - - - - - - - - - - - - - - - - - - -
TOTAL Spending vs. Projection - - -
April 2019 Cash Projections - 7 - Tacoma Water
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10
11
12
13
14
15
16
17
Jan-1
9F
eb
-19
Ma
r-1
9A
pr-
19
Ma
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9Jun-1
9Jul-1
9A
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9S
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v-1
9D
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9
AMOUNT(millions)
TA
CO
MA
RA
IL2
01
9 C
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RE
NT
FU
ND
CA
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PR
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NS
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ate
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Actu
al
Cu
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Pro
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revio
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MIN
60
Da
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60
% M
IN
April
201
9 C
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Proj
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com
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ail
Apr-19 Apr-19 May-19 Jun-19 Jul-19
Estimate Actual Estimate Estimate Estimate
Beginning Cash Balance $10,325 $10,325 $12,262 $11,849 12,237
REVENUES (Cash-In) (1)
Switching Revenue 2,380 2,380 2,814 2,564 2,598
Demurrage Revenue 151 151 250 96 96
Other Revenues 51 47 29 29 29
Lease Revenue 79 72 84 84 84
Interest Income 19 21 14 14 14
Service Maint/Trans Revenue 351 360 356 200 200
Reimbursement/Transfer Ins 4 4 - - -
Total Revenues 3,035 3,035 3,547 2,987 3,021
EXPENSES (Cash-Out) (1)
Personnel Costs 1,260 1,212 1,829 1,307 1,307
Taxes 283 283 331 280 284
Supplies, Other Services & Charges 754 768 764 710 755
Assessments 145 150 158 158 166
Debt Service 62 62 116 138 90
Volume Incentive - 125 292 - -
Capital Outlay 166 166 470 6 50
Total Expenses 2,670 2,766 3,960 2,599 2,652
Change in AR (3) 1,656
Change in AP (3) 12
Net Increase (Decrease) in Cash 365 1,937 (413) 388 369
Ending Cash Balance (2) $10,690 $12,262 11,849 $12,237 $12,606
The accompanying notes are an integral part of these cash projections.
TACOMA RAIL
2019 CURRENT FUND CASH PROJECTIONS
(000's omitted)
April 2019 Cash Projections - 2 - Tacoma Rail
Notes:
Significant changes since last projection:
2. Based on City Council Resolution No. 37101, adopted February 6, 2007, the Division should maintain a minimum cash
balance equal to 60 days of current expenditures ($5.478 million in the 2017/2018). Due to seasonal fluctuations, however,
the Division may on occasion drop below this recommended level. The cash balance in any month should never be allowed
to drop more than 40% below the recommended level ($3.287 million).
3. Change in AR and Change in AP are adjustments to the current month’s actual cash flows from Revenues and Expenses
which factor into the actual ending cash balance. A positive number in Change in AR indicates collections from outstanding
accounts receivables exceeded revenues billed in the same month. Conversely, a positive number in Change in AP
indicates that payments for goods and services were less than recorded expenses for the same month. The outstanding AR
and AP balances at the end of the month will impact the future cash inflows and outflows, respectively.
TACOMA RAIL
2019 CURRENT FUND CASH PROJECTIONS
1. While this projection is based primarily on historic patterns, it is factored by actual revenue and expense elements when
known or when they can reasonably be estimated.
April 2019 Cash Projections - 3 - Tacoma Rail