AGENDA - guc.com

AGENDA Regular Meeting – January 18, 2018

Board Room – 12:00 noon

Call to Order - Ascertain Quorum 12:00

[Chair Don Mills] 1. Approval of Minutes [Chair Don Mills] Regular Meeting: December 21, 2017 Acceptance of the Agenda

[Chair Don Mills] 2. Review of Monthly Financial Statement – December 31, 2017 [Jeff McCauley] 3. Consideration of Amendment to 2018 Meeting Schedule

[Tony Cannon] Information Items 4. Winter Storm Grayson Recap [Tony Cannon] 5. General Manager’s Report [Tony Cannon] 6. Board Chair’s Remarks/Report

[Chair Don Mills] 7. Board Members’ Remarks

[Board] Notice of Upcoming Meetings/Functions:

[Chair Don Mills]

GUC Regular Meeting, Thursday, February 15, 2018, 12:00 noon, Board Room Joint COG/GUC Meeting, Monday, February 19, 2018, 6:00 p.m., Water Treatment Plant 1721 Waterway Road, Greenville, NC 27834

Adjournment 1:00 [Chair Don Mills]

Item: Approval of Minutes

Contact:

Amy Wade

Explanation: Regular Meeting: December 21, 2017

Previous Board Actions:

N/A

Fiscal Note: N/A

Recommended Action(s):

Approval of minutes as presented or amended

Agenda Item # 1 Meeting Date: January 18, 2018

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GREENVILLE UTILITIES COMMISSION

GREENVILLE, NORTH CAROLINA

Thursday, December 21, 2017

The Board of Commissioners of the Greenville Utilities Commission met in the Greenville Utilities Board Room in regular session at 12:00 noon with the following members, and others present, and Chair Mills presiding. Commission Board Members Present: Don Mills, Chair Toya JacobsRebecca Blount Parker OvertonJoel Butler Ann WallTommy Stoughton Minnie J. Anderson had an excused absence. Commission Staff Present:

Kandie Smith, GUC Liaison; Rick Smiley, City Council; and Michael Abramowitz, The Daily Reflector. Chair Mills called the meeting to order and Mr. Butler ascertained that a quorum was present. APPROVAL OF MINUTES (Agenda Item 1) A motion was made by Mr. Overton, seconded by Ms. Jacobs, to approve the November 7, 2017 Workshop and the November 16, 2017 Regular Meeting minutes as presented. The motion carried unanimously. ACCEPTANCE OF THE AGENDA Chair Don Mills asked for the Agenda to be amended to remove the Closed Sessions and Item #7, Consideration of Approval of Electric Transmission and Delivery Services Agreement with the Town of Winterville. A motion was made by Mr. Butler, seconded by Ms. Blount, to accept the agenda as amended. The motion carried unanimously. Recognition of iLead Graduates Tony Cannon, General Manager/CEO, stated that the iLead program, implemented last year, was part of the succession management strategy to plan for our future leadership needs. Twenty-five employees were selected for the second iLead class. Mr. Cannon introduced Richie Shreves, Director of Human Resources. Ms. Shreves added that the applicants had to complete an application, assessment and panel interview in order to be considered. Of the 25 selected, there

Tony Cannon, General Manager/CEO John Worrell Chris Padgett Scott Mullis Jeff McCauley Jonathan Britt Phil Dixon Steve Porter Keith Jones David Springer George Reel Colleen Sicley Roger Jones Juliet Telfair Randy Emory Ken Wade Anthony Miller Kyle Brown Richie Shreves Lou Norris Steve Hawley Amy Wade

Scott Farmer

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was a mix of participants from entry level, mid-level and upper level. The iLead class members received over 80 hours of training. Ms. Shreves shared that the group was divided into five teams, each preparing a final project that was presented to the Management Team in November. She stated that everyone did an outstanding job. Congratulations to the 2017 iLead class. Each graduate was presented with a crystal clock/plaque. The 2017 iLead Class Graduates are as follows:

1. Bryan Bland WWTP Chief of Maintenance2. Dail Booth WTP Operations Coordinator3. Jonathan Britt Manager of Advanced Analytics4. Ron Cullipher Gas Technical Support Assistant5. George Darden Systems Dispatcher II6. Mickey Dawson Gas Systems Technician II7. Chad Flannagan WTP Lead Operator8. JoEllen Gay Environmental Compliance Coordinator9. Keith Godbey SCADA Network Coordinator10. Jason Harmon Electric Meter Specialist11. Chris Hill WWTP Operations Coordinator12. Blake Horton Electric Meter Specialist13. Kristen Jarman Staff Support Specialist III14. Kevin Jones Underground Lineworker Third Class15. Nick Klapp IT Support Specialist Supervisor16. Cynthia Langley Accounting Manager (was not present)17. Alex Li GIS Systems Analyst I18. Jay Little Database Administrator19. Julius Patrick WTP Superintendent20. Jay Pigford Generator Technician21. Carl Smith Gas Distribution Engineer22. Will Spencer Meter Technician I23. Vann Stephenson Electric Engineering Substation24. Antwyne Tyson Credit Supervisor25. Brandie Whitehurst Administrative Assistant

Recognition of Call Center Mr. Cannon shared that for the month of November GUC’s Customer Relations had an extraordinary record. The call center had zero abandoned calls on November 9, 2017, and for the entire month of November the abandon call rate was 1.5%. Mr. George Reel, Director of Customer Relations, introduced Juliet Telfair, Call Center Leader, and Colleen Sicley, Customer Service and Billing Supervisor, and recognized them for their efforts. Mr. Reel stated that this is fantastic and the effort was achieved by the entire Customer Relations Department answering phones, including those in the call center, express office and first floor customer service office. UREVIEW OF MONTHLY FINANCIAL STATEMENT – November 30, 2017 (Agenda Item 2) November 30, 2017 Preliminary Financial Statement: Key financial metrics for the combined funds for the period ending November 30, 2017:

Operating Cash: $88,101,933

Days of Cash on Hand: 159

Less Current Liabilities: ($29,243,409)

Fund Balance Appropriations: ($583,335) Fund Balance: $58,275,189 Days of Cash on Hand After Liabilities: 105

Fund Balance Available for Appropriation: 22.6%

Average Investment Yield:

1.00 %

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Fund Equity/Deficit Before Transfers

Current Month Year to Date Actual Budget Last Year Actual Budget Last Year

Electric $1,242,287 ($523,619) $772,928 $5,269,259 $2,250,621 $3,234,944Water ($32,619) $233,906 $351,753 $1,351,411 $982,263 $1,922,687Sewer $120,133 $195,164 $73,228 $1,518,595 $626,549 $1,979,723Gas $474,768 ($506,667) $146,454 ($1,220,464) ($2,899,819) ($1,869,562)Combined $1,804,569 ($601,216) $1,344,363 $6,918,801 $959,614 $5,267,792 Fund Equity/Deficit After Transfers

Current Month Year to Date

Actual Budget Last Year Actual Revised Budget Last Year

Electric $892,287 ($873,619) $240,010 $3,519,259 $500,621 $635,686Water ($165,952) $100,573 $235,086 $684,746 $315,598 $1,485,996Sewer $207,715 $111,831 ($68,439) $1,272,845 $209,884 $1,456,908Gas $391,435 ($506,667) $138,121 ($1,637,129) ($2,899,819) ($1,776,634)Combined $1,325,485 ($1,167,882) $544,778 $3,839,721 ($1,873,716) $1,801,956 Mr. Jeff McCauley, Chief Financial Officer, provided a presentation on the Financial Statement for November 2017. The weather impact for the month of November indicated that the heating degree days were higher than last November. The November rainfall was approximately 1.25 inches which is more than last year. The portfolio earned 1.00 % for the month of November. Overall year-to-date results through the end of November remain stable. The Electric Rate Stabilization Reserves are approximately $19.6 million and the Gas Rate Stabilization Reserves are $0.71 million. The Operating Reserves are 159 Days Cash on Hand, and Renewals and Replacements Reserves are approximately $2.6 million. A motion was made by Mr. Overton, seconded by Mr. Butler, to accept the Financial Statement for November 30, 2017. The motion carried unanimously. U UU

RECOMMENDED AWARD OF CONSTRUCTION CONTRACT FOR WATER MAIN REHABILITATION PROJECT (WCP – 122) (Agenda Item 3) Mr. Randy Emory, Director of Water Resources, introduced Steve Porter, Water Resources Systems Engineer, who provided information on the water main rehabilitation project. Mr. Porter stated that previously the Board authorized the Water Resources staff to move forward with the development of a water main rehabilitation program to ensure the continued integrity of the aging water distribution system into the future. The engineering firm of Brown and Caldwell was subsequently retained to develop a methodology that could be utilized to systematically assess and prioritize the rehabilitation needs within the system. Although the initial focus of construction would be on cast iron water mains, the entire system was considered in the assessment and prioritization of needs. Field testing of more than 300 fire hydrants in the cast iron portion of the system was conducted to evaluate capacity and aid in a criticality assessment. Criticality rankings were then used as a basis for the identification and development of potential water main renewal projects. A 10-year program of work was developed to include project packages consisting of approximately $1 million in construction every other year. Formal bids for the first project package were received on October 26, 2017. Three bids were received ranging from a high bid of $2,166,000 to a low bid of $1,222,348. The low bid was received from Spiniello Companies, Livingston, N.J. A copy of the engineer’s recommendation for award and certified bid tabulation was provided in the agenda materials.

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Since the low bid exceeded the remaining $973,472 in available budgeted funds, negotiations with the contractor were undertaken to reduce the quantities of scheduled work and project cost. The agreed upon reductions in scope and price have resulted in a total recommended construction contract award amount of $830,048.00. After some discussion, a motion was made by Mr. Butler, seconded by Ms. Blount, to adopt the resolution of tentative award and authorize the General Manager/CEO to execute a contract with Spiniello Companies in the amount of $830,048.00. The motion carried unanimously.

RESOLUTION OF TENTATIVE AWARD WHEREAS, The Greenville Utilities Commission of the City of Greenville, North Carolina a

body politic duly chartered by the State of North Carolina, (the "Commission") has received bids, pursuant to duly advertisement notice therefore, for construction of the Water Main Rehabilitation Project, and

WHEREAS, the Commission Consulting Engineers have reviewed the bids; and WHEREAS, Spiniello Companies, Livingston, N.J. was the lowest bidder for the construction

of the Water Main Rehabilitation Project, in the total bid amount of $830,048.00, and

WHEREAS, the consulting Engineers recommend TENTATIVE AWARD to the lowest

bidder(s) NOW, THEREFORE, BE IT RESOLVED THAT TENTATIVE AWARD is made to the lowest bidder(s) in the Total Bid Amount of $830,048.00. Name of Contractor Amount

1. Spiniello Companies $830,048.00 BE IT FURTHER RESOLVED that such TENTATIVE AWARD be contingent upon the approval of North Carolina Department of Environmental Quality. Adopted this the 21st day of December 2017 at Greenville, North Carolina.

/s/ Don Mills

Chair ATTEST: /s/ Joel Butler Secretary APPROVED AS TO FORM: /s/ Phillip R. Dixon General Counsel

CERTIFICATION BY RECORDING OFFICER The undersigned duly qualified and acting Executive Secretary of the Greenville Utilities

Commission (Commission) does hereby certify: That the above/attached resolution is a true and

correct copy of the resolution tentatively awarding a contract to the stated contractor, as regularly

adopted at a legally convened meeting of the Commission duly held on the 21st day of

December, 2017; and, further, that such resolution has been fully recorded in the journal of

proceedings and records in my office.

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IN WITNESS WHEREOF, I have hereunto set my hand this ____ day of _________, 2017.

______________________________ /s/ Amy Wade, Executive Secretary

CONSIDERATION OF AMENDMENT TO ENGINEERING SERVICES CONTRACT FOR WATER TREATMENT PLANT PHASE 1 UPGRADE PROJECT (WCP-117) (Agenda Item 4) Mr. Randy Emory, Director of Water Resources, introduced David Springer, Water Resources Plants Engineer, who provided information on the Water Treatment Plant (WTP) phase 1 upgrade project. Mr. Springer stated that the existing WTP was placed in service in 1983 as a conventional coagulation, sedimentation, and filtration plant with a capacity of 12 million gallons per day (mgd). An expansion to the plant was completed in 2002, resulting in the current “rated” treatment capacity of 22.5 mgd. Since the last expansion, the customer base and system demands continue to increase. New water use records have been set recently including an average day water demand of 12.9 mgd and a single day record of nearly 17.8 million gallons. The system is nearing capacity and it is time to plan and proceed with necessary upgrades to handle the additional demands being placed on GUC’s water system.

The consulting firm of Hazen & Sawyer was hired to perform preliminary engineering services in connection with this project in 2015. A holistic system wide study of GUC’s water system and water treatment plant was performed to identify the most efficient and economical means to meet the water demands placed on GUC’s water system. A preliminary engineering report was produced by Hazen and Sawyer including a preliminary design for the water plant expansion and recommendations for capacity related improvements to the water system. The results of this report were presented at the November 7, 2017 Budget Workshop and included a phased project schedule and a capital outlay plan for all recommendations.

In accordance with the plan presented to the Board, it is time to move forward with final design of the expansion of the WTP from the existing capacity of 22.5 mgd to the recommended capacity of 32 mgd. The expansion project will utilize the Construction Manager at Risk (CMAR) project delivery method allowing GUC to engage an engineering firm as well as a construction firm throughout the final design phase of this project. In order to proceed, it is recommended that the engineering services contract with Hazen & Sawyer be amended by an amount not to exceed $3,500,000 for final design phase services in connection with this project.

After some discussion, a motion was made by Mr. Overton, seconded by Mr. Butler, to authorize the General Manager/CEO to execute an amendment to the engineering services contract with Hazen and Sawyer in an amount not to exceed $3,500,000.00. The motion carried unanimously. RECOMMENDED ADOPTION OF ELECTRIC CAPITAL PROJECT BUDGET FOR GREENVILLE 115 KV TRANSMISSION CIRCUIT #18 FLOOD MITIGATION (ECP- 10171) (Agenda Item 5) Mr. Cannon reminded the Board that GUC had some issues with flooding during Hurricane Matthew. Flood mitigation projects were identified and reported to Federal Emergency Management Agency (FEMA) and funding from FEMA was denied. In addition, applications were submitted with Golden Leaf and there was no funding available. One of the flood mitigation projects included the 115 kV transmission circuit #18. Mr. Kyle Brown, Electric Engineer, provided a presentation and stated that Greenville Utilities’ 115 kV transmission system currently consists of six circuits. Four circuits originate at the G230 Point of Delivery (POD) on Mumford Road and two circuits originate at G230 West POD on MacGregor Downs Road. Three of the four circuits originating from G230 parallel the Tar River and can become compromised during extreme flooding conditions. Circuit #18 is the only remaining circuit of these three that has not been hardened since Hurricane Floyd in 1999. During the Hurricane Matthew event flood waters rose to within approximately 5’ of

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Circuit #18’s conductors. These conductors typically have a minimum clearance of 25’ above grade. This project includes replacing 37 “H-Frame” wood pole structures and 32 single wood pole structures with new elevated steel pole structures. Project boundary is between the G230 Substation on Mumford Road to US 264 Eastern Bypass near the Best Western Hotel. The estimated cost to replace the 37 H-Frame structures is $400,340.00 while the estimate to replace the 32 single pole structures is $200,000.00 bringing the project total to $600,340.00. A motion was made by Mr. Overton, seconded by Ms. Jacobs, to adopt Greenville 115 kV Transmission Circuit #18 Flood Mitigation ECP-10171 for $600,340.00 and recommend similar action by the City Council. The motion carried unanimously.

Greenville Utilities Commission Proposed Capital Project Budget

As of December 21, 2017

ProposedProject Name Budget

ECP ‐ 10171 Greenville 115 kV Transmission Circuit #18 Flood Mitigation

Revenues: Capital Project Fund Balance $600,340Total Revenue $600,340

Expenditures:

Project Costs $600,340Total Expenditures $600,340

RECOMMENDED ADOPTION OF ELECTRIC CAPITAL PROJECT BUDGET FOR GREENVILLE 230 KV WEST SUBSTATION FLOOD MITIGATION (ECP-10172) (Agenda Item 6) Mr. Roger Jones, Director of Electric Systems, stated that this is a similar flood mitigation proposal and intended to provide an alternative during flood events that endanger the Mumford Road substation. Mr. Ken Wade, Substation Control Engineer, provided a presentation. Mr. Wade stated that Greenville Utilities takes delivery of its electric service from Duke Energy Progress’ (DEP) 230 kV transmission lines. GUC has two existing Point of Delivery (POD) substations, Greenville 230 kV on Mumford Road and Greenville 230 kV West on MacGregor Downs Road, as well as one new POD under construction, Greenville 230 kV South on Mills Road. Following the unprecedented flooding of Hurricane Floyd in 1999, GUC added the Greenville 230 kV West POD to provide redundancy in case of another future flood event. One transformer was purchased and installed at that location with a design to accommodate a future second transformer. At the Greenville 230 kV substation on Mumford Road a new elevated control house was erected and critical equipment was elevated to mitigate future events. During the recent Hurricane Matthew event, DEP’s 230 kV control house and equipment suffered damage jeopardizing DEP’s ability to serve the Greenville 230 kV Mumford Road site. Flood waters once again threatened GUC’s Greenville 230 kV POD.

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Hurricane Matthew occurred 17 years after Hurricane Floyd, a 500 year event. Recognizing the potential for increased flooding risks at Greenville 230 kV on Mumford Road, one element of our plan to mitigate future events is to purchase and install a second 120 MVA transformer and associated equipment at the Greenville 230 kV West substation on MacGregor Downs Road. The addition of a second 120 MVA transformer would ensure GUC’s ability to serve the customer load during flood conditions and protect our critical substation assets. A motion was made by Mr. Overton, seconded by Mr. Butler, to adopt Greenville 230 kV West Flood Mitigation ECP-10172 for $3,355,000.00 and reimbursement resolution, and recommend similar action by the City Council. The motion carried unanimously.

Greenville Utilities Commission Proposed Capital Project Budget

As of December 21, 2017

Proposed Project Name Budget

ECP ‐ 10172 Greenville 230 kV West Substation Flood Mitigation

Revenues: Long Term Debt $3,355,000Total Revenue $3,355,000

Expenditures:

Project Costs $3,355,000Total Expenditures $3,355,000

RESOLUTION RECOMMENDING TO THE CITY COUNCIL

ADOPTION OF A RESOLUTION PROVIDING FOR THE REIMBURSEMENT TO THE GREENVILLE UTILITIES COMMISSION,

OF THE CITY OF GREENVILLE, NORTH CAROLINA, A BODY POLITIC DULY CHARTERED BY THE STATE OF NORTH CAROLINA FROM THE

PROCEEDS OF ONE OR MORE TAX EXEMPT FINANCING FOR THE EXPENDITURE OF FUNDS FOR CERTAIN CAPITAL IMPROVEMENTS TO THE

GREENVILLE UTILITIES SYSTEM

WHEREAS, the Greenville Utilities Commission, of the City of Greenville, North Carolina, a body politic duly chartered by the State of North Carolina, (the "Commission") has identified certain capital improvements to its electric, gas, sanitary sewer and water systems (collectively, the "System", all as more fully described in Exhibit A attached to the form of the resolution to be presented to the City Council of the City of Greenville, North Carolina) that have been and must be funded from available funds pending reimbursement from the proceeds of debt to be issued for such purposes (the "Debt"); now, therefore, BE IT RESOLVED BY THE GREENVILLE UTILITIES COMMISSION as follows; 1. The City Council is hereby requested to give favorable consideration to and pass the proposed resolution, which resolution (the "Reimbursement Resolution") effectively would provide for the reimbursement to the Commission from the proceeds of Tax Exempt Financing (estimated to be $3,355,000) for certain expenditures made not more than 60 days prior to the

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adoption of the Reimbursement Resolution, the Commission having determined that such adoption will be in the best interests of the System. 2. This resolution shall take effect immediately upon its passage, and a certified copy thereof shall be provided to the City Clerk for presentation to the City Council at its next regularly scheduled meeting. Adopted this the 21st day of December, 2017.

_____________________________ /s/ Don Mills, Chair ATTEST: _____________________________ /s/ Joel Butler Secretary APPROVED AS TO FORM: /s/ Phillip R. Dixon General Counsel

RESOLUTION NO. 18-__ RESOLUTION DECLARING THE INTENTION OF THE

CITY COUNCIL OF THE CITY OF GREENVILLE TO REIMBURSE THE GREENVILLE UTILITIES COMMISSION, OF THE CITY OF GREENVILLE, NORTH

CAROLINA, A BODY POLITIC DULY CHARTERED BY THE STATE OF NORTH CAROLINA, FROM THE PROCEEDS OF ONE OR MORE TAX EXEMPT

FINANCING FOR CERTAIN EXPENDITURES MADE AND TO BE MADE IN CONNECTION WITH THE ACQUISITION AND CONSTRUCTION OF CERTAIN

CAPITAL IMPROVEMENTS

WHEREAS, the Greenville Utilities Commission of the City of Greenville, North Carolina, a body politic duly chartered by the State of North Carolina, (the Commission) has determined to pay certain expenditures (the “Expenditures”) incurred no more than 60 days prior to the date hereof and thereafter relating to the acquisition and construction of certain improvements (collectively, the “Project”) more fully described in Exhibit A attached hereto, consisting of improvements to its electric, gas, sanitary sewer and water systems (collectively, the “System”); and

WHEREAS, the City Council of the City of Greenville, North Carolina (the “City Council”) has determined that those moneys previously advanced by the Commission no more than 60 days prior to the date hereof to pay such Expenditures are available only on a temporary period and that it is necessary to reimburse the Commission for the Expenditures from the proceeds of one or more issues of tax-exempt obligations (the “Debt”);

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL as follows:

Section 1. The City Council hereby declares concurrence with the Commission’s intent to reimburse the Commission from the proceeds of the Debt for the Expenditures made with respect to the Project no more than 60 days prior to the date hereof and thereafter. The City Council reasonably expects on the date hereof that it will reimburse the Commission for the Expenditures from the proceeds of a like amount of the Debt.

Section 2. Each Expenditure was or will be either (a) of a type chargeable to capital account under general federal income tax principles (determined as of the date of the Expenditures), (b) the cost of issuance with respect to the Debt, (c) a non-recurring item that is not customarily payable from current revenues of the System, or (d) a grant to a party that is not related to or an agent of the Commission or City of Greenville, North Carolina (the “City”) so long as such grant does not impose any obligation or condition (directly or indirectly) to repay any amount to or for the benefit of the Commission or City.

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Section 3. The principal amount of the Tax Exempt Financing estimated to be issued to reimburse the Commission for Expenditures for the Improvements is estimated to be not more than $3,355,000.

Section 4. The Commission and the City will make a reimbursement allocation, which is a written allocation by the Commission and the City that evidences the Commission’s use of proceeds of the Debt to reimburse an Expenditure no later than 18 months after the later of the date on which such Expenditure is paid or the Project is placed in service or abandoned, but in no event more than three years after the date on which the Expenditure is paid. The City Council recognizes that exceptions are available for certain "preliminary expenditures," costs of issuance, certain de minimis amounts, (expenditures by "small issuers" based on the year of issuance and not the year of expenditure), and expenditures for construction projects of at least 5 years.

Section 5. The resolution shall take effect immediately upon its passage.

Adopted this the day of , 2018.

____________________________________ /s/ P.J. Connelly, Mayor

ATTEST:

_____________________________________ /s/ Carol L. Barwick, City Clerk

EXHIBIT A THE IMPROVEMENTS

The Improvements referenced in the resolution include, but are not limited to, all operating and capital expenditures associated with the purchase, design and construction of:

Greenville 230kV West Substation Flood Mitigation $3,355,000 Total $3,355,000 CONSIDERATION OF APPROVAL OF ELECTRIC TRANSMISSION AND DELIVERY SERVICES AGREEMENT WITH THE TOWN OF WINTERVILLE (Agenda Item 7) The Agenda was amended and this item was removed. GENERAL MANAGER’S REPORT (Agenda Item 8) 1. Informational Reading Bids and proposals, Statistical Data Report, Sewer Spill Tracking Report, and Load Management Report were provided. The following Bids and proposals were awarded by the General Manager/CEO during the past month were reported for information:

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RFP FOR LABOR AND MATERIAL COST FOR OVERHEAD DOOR REQUIREMENTS

JUNE 14, 2017 at 3:00 PM (EDST)

VENDOR PROPOSALS RECEIVED

Custom Overhead Doors*

Overhead Door Co. Of New Bern Proposals were received from two vendors.

*Indicates recommended award based on the vendor’s submitted proposal and qualifications

TABULATION OF BIDS RECEIVED

TWO (2) NEW TRAILERS October 10, 2017 @ 10:00 AM

VENDORS

DELIVERY WEEKS

TOTAL PRICE

Hills Machinery

4 weeks

$17,132.00*

Holden Trailers

8 weeks

17,076.00(1)

Technology International

6-9 weeks

23,060.00

*Indicates recommended award based on the lowest responsible, responsive bid. (1) Indicates that the quoted lead time is not acceptable based on our requirements.

FOR 30,000’ OF 350 UG TRIPLEX CABLE “WESLEYAN” NOVEMBER 1, 2017 @ 3:00 PM

VENDORS

MFG. DELIVERY WEEKS

UNIT PRICE “WESLEYAN”

TOTAL

Anixter, Inc.

Southwire 8-10 $1.855

$55,650.00*

Shealy Electrical Wholesalers

Southwire 8 1.86

55,800.00

Wesco Distribution, Inc.

Prysmian 1 1.87

56,100.00

Stuart C. Irby

Southwire 1 1.94

58,200.00

Talan Industries, LLC

Nexans 4 2.34

70,200.00

*Indicates recommended award based on the lowest responsible, responsive bid.

FOR 9,600 LBS. OF 1/0 ACSR BARE CONDUCTOR “RAVEN”

NOVEMBER 1, 2017 @ 3:00 PM

VENDORS

MFG. DELIVERY WEEKS

UNIT PRICE “WESLEYAN”

TOTAL

Stuart C. Irby

Southwire 1 $1.42

$13,632.00*

Wesco Distribution, Inc.

CME 1 1.48

14,208.00

Anixter, Inc.

Southwire Stock 1.509

14,486.40

Shealy Electrical Wholesalers

Southwire 8 1.53

14,877.72

*Indicates recommended award based on the lowest responsible, responsive bid.

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Load Management Report The Duke Energy Progress (DEP) monthly peak occurred on November 28, 2017 for the hour ending at 8:00 a.m. GUC’s load management system was in full operation during this period. As a result, the estimated avoided demand costs amount to $1,074,307. 2. Key Performance Indicators (KPIs) The following KPIs highlighted for this month were provided in the dashboard format along with the corresponding scorecard:

Billing Process Accuracy System Losses – Electric Disruption of Service – Water OSHA Recordable Incident Rate

3. Commendations The following are compliment records from customers: Twitter: Michelle Conors wrote: Meeting GUC for gas meter install @GUC_Info – great service! (John Sheppard, Senior Gas Service Worker) Customer Latisha Pryor completed a Customer Service card on Cindy Burke, Customer Contact Representative I. She wrote “Cindy Burke was amazing and courteous. Love her. She called me and emailed me with the corrections.” Customer Desiree Pena completed a Customer Service card on Tonya Roebuck, Customer Contact Representative II. She wrote “Super sweet. Extra nice and the best!” Jim Rapin, Energy Services Officer, received a thank you email from Dan Thomas, MCM, LEED AP Homes. Mr. Thomas thanked Jim for his Thermal Envelope presentation for his Residential Techniques class and an E-300 presentation for his Global Sustainable Construction class. Other Mr. Tony Cannon, General Manager/CEO, reported that this year’s Operation Santa Claus Salvation Army Toy Drive was a success. He stated that the Finance/Audit Committee originally approved and scheduled for March 5, 2018 needs to be rescheduled. He will ask for approval of the amended 2018 meeting schedule change at the next meeting. Mr. Cannon announced that Council Member Kandie Smith will no longer serve as GUC’s Liaison. The new GUC Liaison appointment will be Council Member Will Litchfield. BOARD CHAIR’S REPORT (Agenda Item 9) Chair Mills congratulated the iLead graduates and thanked Ms. Kandie Smith for her service as Liaison. Chair Mills reminded the group of the upcoming meetings:

GUC Regular Meeting, Thursday, January 18, 2018, 12:00 noon, Board Room

Upon motion by Mr. Butler, seconded by Mr. Stoughton, the Board unanimously agreed to adjourn at 12:51 p.m.

Respectfully submitted,

_________________________________ Amy Carson Wade, Executive Secretary

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APPROVED:

___________________________ Joel Butler, Secretary

Item: Review of Monthly Financial Statement for December 31, 2017

Contact: Jeff McCauley

Explanation: December 31, 2017 Financial Statement: The Financial Statement for December 2017 is attached. Key financial metrics for the combined funds for the period ending December 2017:

Operating Cash $76,971,745 Days of Cash on Hand 138 Less Current

Liabilities ($20,615,901) Fund Balance

Appropriations ($500,002)

Fund Balance $55,855,842 Days of Cash on Hand

After Liabilities 100 Fund Balance Available for Appropriation: 21.7% Average Investment Yield: 1.02% Fund Equity/Deficit Before Transfers


Actual Budget Last Year Actual Budget Last Year

Electric $1,259,928 $223,584 $789,059 $6,529,187 $2,474,205 $4,369,370

Water $542,179 $121,090 $513,862 $1,893,590 $1,103,353 $2,289,909

Sewer $125,994 $37,812 $209,934 $1,815,504 $664,361 $2,375,172

Gas $1,208,643 $180,497 $113,283 ($11,821) ($2,302,657) ($1,621,686)

Combined $3,136,744 $562,983 $1,626,138 $10,226,460 $1,939,262 $7,412,765


Fund Equity/Deficit After Transfers


Actual Budget Last Year Actual

Revised Budget Last Year

Electric $909,928 ($126,416) $69,596 $4,429,187 $374,205 $1,050,649

Water $408,846 ($12,243) $397,195 $1,093,592 $303,355 $1,736,551

Sewer $42,661 ($45,521) $68,267 $1,486,421 $164,363 $1,710,690

Gas $1,125,310 $180,497 $104,950 ($511,819) ($2,302,657) ($1,537,091)

Combined $2,486,745 ($3,683) $640,008 $6,497,381 ($1,460,734) $2,960,799

Previous Board

Actions:

N/A

Fiscal Note:


Accept December 31, 2017 Financial Statement.


Financial Report

December 31, 2017

GREENVILLE UTILITIES COMMISSION December 31, 2017

I. Key Financial Highlights

A. Days Cash On Hand December 2017 December 2016 December 2015 Electric Fund 117 110 113 Water Fund 187 187 169 Sewer Fund 269 248 250 Gas Fund 178 201 282 Combined Funds 138 132 143 B. Fund Balance Available for Appropriation Electric Water Sewer Gas Combined Funds Operating cash $49,394,622 $ 6,122,076 $ 8,810,477 $ 12,644,570 $76,971,745 Current liabilities ($15,394,200) ($1,220,868) ($712,695) ($3,288,138) (20,615,901) Fund balance appropriated for FY 2017‐2018 ‐ ‐ ‐ ($500,002) ($500,002) Fund balance available for appropriation $34,000,422 $4,901,208 $8,097,782 $8,856,430 $55,855,842 Percentage of total budgeted expenditures 19.0% 25.2% 34.9% 24.3% 21.7% Days unappropriated fund balance on hand 81 149 247 125 100 C. Portfolio Management Fiscal Year 2017‐18 Fiscal Year 2016‐17 Fiscal Year 2015‐16 Interest Earnings Yield Interest Earnings Yield Interest Earnings Yield July $64,466 0.69% $30,952 0.34% $23,678 0.40% August $71,444 0.67% $36,654 0.35% $26,143 0.43% September $74,785 0.72% $39,016 0.37% $25,839 0.35% October $96,107 0.96% $47,519 0.41% $22,741 0.35% November $101,219 1.00% $38,254 0.40% $21,649 0.36% December $114,658 1.02% $23,685 0.45% $26,173 0.44%

II. Fund Performance Electric December 2017 December 2016 December 2015 Number of Accounts 66,726 66,373 65,443

YTD volumes billed to customers are 16,495,812 kWh less than last year but 12,067,975 kWh more than budget. YTD revenues from retail rates and charges are $3,133,839 less than last year but $3,155,418 more than budget. YTD total revenues are $1,820,779 less than last year but $3,704,520 more than budget. YTD total expenditures are $3,980,596 less than last year and $350,462 less than budget. YTD revenues exceed YTD expenditures by $6,529,187 compared to excess revenues of $4,369,370 for last year. YTD net fund equity after transfers is $4,429,187.

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Water December 2017 December 2016 December 2015 Number of Accounts 35,864 35,679 35,249

YTD volumes billed to customers are 35,330 kgallons more than last year and 62,926 kgallons more than budget. YTD revenues from retail rates and charges are $189,992 more than last year and $109,468 more than budget. YTD total revenues are $80,733 less than last year but $247,945 more than budget. YTD total expenditures are $315,586 more than last year but $542,292 less than budget. YTD revenues exceed YTD expenditures by $1,893,590 compared to excess revenues of $2,289,909 for last year. YTD net fund equity after transfers is $1,093,592.

Sewer December 2017 December 2016 December 2015 Number of Accounts 29,565 29,359 28,940

YTD revenues from retail rates and charges are $27,792 more than last year and $164,158 more than budget. YTD total revenues are $111,668 more than last year and $334,467 more than budget. YTD total expenditures are $671,336 more than last year but $816,676 less than budget. YTD revenues exceed YTD expenditures by $1,815,504 compared to excess revenues of $2,375,172 for last year. YTD net fund equity after transfers is $1,486,421.

Gas December 2017 December 2016 December 2015 Number of Accounts 23,240 23,096 22,948

YTD total volumes billed to customers are 696,769 ccfs more than last year and 825,783 ccfs more than budget. YTD revenues from retail rates and charges are $2,708,070 more than last year and $2,880,261 more than budget. YTD total revenues are $2,736,717 more than last year and $2,950,951 more than budget. YTD total expenditures are $1,126,852 more than last year and $660,115 more than budget. YTD expenditures exceed YTD revenues by $11,821 compared to deficit revenues of $1,621,686 for last year. YTD net fund deficit after transfers is $511,819.

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III. Volumes Billed December 2017 YTD FY 2017‐18 December 2016 YTD FY 2016‐17 YTD % Change December 2015 YTD FY 2015‐16

YTD % Change

Electric (kwh) 137,262,551 895,390,160 130,927,419 911,885,972 ‐1.8% 121,560,620 879,202,156 1.8% Water (kgal) 382,282 2,072,742 357,409 2,037,412 1.7% 333,727 2,001,378 3.6% Sewer (kgal) 235,683 1,470,145 227,033 1,482,023 ‐0.8% 225,907 1,435,568 2.4% Gas (ccf) Firm 2,260,560 5,754,218 1,984,239 5,188,232 10.9% 1,442,676 4,479,090 28.5% Interruptible 1,462,498 7,132,129 1,378,965 7,001,346 1.9% 1,305,784 6,765,782 5.4% Total 3,723,058 12,886,347 3,363,204 12,189,578 5.7% 2,748,460 11,244,872 14.6%

IV. Cooling Degree Day Information Fiscal Year 2017‐18 Fiscal Year 2016‐17 % Change 6 Year Average 30 Year Average

July 497.5 548.0 ‐9.2% 504.2 487.4 August 432.0 547.0 ‐21.0% 430.8 433.1 September 270.5 352.0 ‐23.2% 268.9 253.5 October 127.0 108.5 17.1% 75.1 62.7 November 10.0 11.5 17.4.2% 10.9 9.6 December 0.0 0.0 0.0% 8.0 4.1 YTD 1,337.0 1,567.0 ‐14.7% 1,297.9 1,250.4

V. Heating Degree Day Information Fiscal Year 2017‐18 Fiscal Year 2016‐17 % Change 6 Year Average 30 Year Average July 0.0 0.0 0.0% 0.0 0.0 August 0.0 0.0 0.0% 0.0 0.0 September 0.0 0.0 0.0% 3.0 8.0 October 97.5 68.0 43.4% 116.6 150.4 November 388.0 357.5 8.5% 396.6 380.1 December 660.5 629.0 5.0% 513.4 620.5 YTD 1,146.0 1,054.5 8.7% 1,029.6 1,159.0

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Actual Budget Last Year Actual Budget Last YearElectric

Revenues 15,168,416 13,301,863 14,428,125 91,503,731 87,799,211 93,324,510 Expenses (13,908,488) (13,078,279) (13,639,066) (84,974,544) (85,325,006) (88,955,140) Equity/Deficit from Operations 1,259,928 223,584 789,059 6,529,187 2,474,205 4,369,370

Transfers and Fund Balance (350,000) (350,000) (719,463) (2,100,000) (2,100,000) (3,318,721) Total Equity/Deficit 909,928 (126,416) 69,596 4,429,187 374,205 1,050,649

WaterRevenues 1,726,448 1,555,571 1,774,085 10,334,586 10,086,641 10,415,319 Expenses (1,184,269) (1,434,481) (1,260,223) (8,440,996) (8,983,288) (8,125,410) Equity/Deficit from Operations 542,179 121,090 513,862 1,893,590 1,103,353 2,289,909

Transfers and Fund Balance (133,333) (133,333) (116,667) (799,998) (799,998) (553,358) Total Equity/Deficit 408,846 (12,243) 397,195 1,093,592 303,355 1,736,551

SewerRevenues 1,716,198 1,773,487 1,644,266 11,771,658 11,437,191 11,659,990 Expenses (1,590,204) (1,735,675) (1,434,332) (9,956,154) (10,772,830) (9,284,818) Equity/Deficit from Operations 125,994 37,812 209,934 1,815,504 664,361 2,375,172

Transfers and Fund Balance (83,333) (83,333) (141,667) (329,083) (499,998) (664,482) Total Equity/Deficit 42,661 (45,521) 68,267 1,486,421 164,363 1,710,690

GasRevenues 4,629,754 3,286,475 3,104,503 15,063,847 12,112,896 12,327,130 Expenses (3,421,111) (3,105,978) (2,991,220) (15,075,668) (14,415,553) (13,948,816) Equity/Deficit from Operations 1,208,643 180,497 113,283 (11,821) (2,302,657) (1,621,686)

Transfers and Fund Balance (83,333) ‐ (8,333) (499,998) ‐ 84,595 Total Equity/Deficit 1,125,310 180,497 104,950 (511,819) (2,302,657) (1,537,091)

Combined Total Revenues 23,240,816 19,917,396 20,950,979 128,673,822 121,435,939 127,726,949

Total Expenses (20,104,072) (19,354,413) (19,324,841) (118,447,362) (119,496,677) (120,314,184) Total Equity/Deficit from Operations 3,136,744 562,983 1,626,138 10,226,460 1,939,262 7,412,765

Total Transfers and Fund Balance (649,999) (566,666) (986,130) (3,729,079) (3,399,996) (4,451,966)

Total Equity/Deficit 2,486,745 (3,683) 640,008 6,497,381 (1,460,734) 2,960,799

Commissioners Executive Summary

December 31, 2017

Current Month Year To Date

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YTD Actual Encumbrances Total Total Budget Available Budget

Electric Fund $87,074,544 $3,565,283 $90,639,827 $173,302,928 $82,663,101Water Fund $9,240,994 1,022,300 10,263,294 19,661,270 9,397,976 Sewer Fund $10,285,237 1,194,579 11,479,816 22,543,042 11,063,226 Gas Fund $15,575,666 1,150,341 16,726,007 35,034,533 18,308,526

Total $122,176,441 $6,932,503 $129,108,944 $250,541,773 $121,432,829

Budgetary SummaryDecember 31, 2017

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Weather

1,337.0

1,567.0

1,296.5

1,297.9

1,250.4

‐ 500.0 1,000.0 1,500.0 2,000.0

17‐18

16‐17

15‐16

6 Yr Average

30 Yr Average

Fiscal YTD Cooling Degree Days

25.15

35.98

40.89

32.15

28.87

‐ 10.00 20.00 30.00 40.00 50.00

17‐18

16‐17

15‐16

6 Yr Average

25 Yr Average

Fiscal YTD Rainfall

1,146.0

1,054.5

623.0

1,029.6

1,159.0

‐ 500.0 1,000.0 1,500.0

17‐18

16‐17

15‐16

6 Yr Average

30 Yr Average

Fiscal YTD Heating Degree Days

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Customer Demand

100,000

150,000

200,000

250,000

300,000

350,000

400,000

Water kgal billed2016 2017 2018

100,000

150,000

200,000

250,000

300,000

350,000

400,000

Sewer kgal billed2016 2017 2018

0

100,000

200,000

300,000

400,000

500,000

Gas Mcf billed2016 2017 2018

80,000

100,000

120,000

140,000

160,000

180,000

Electric MWh billed2016 2017 2018

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Financial Trends

23.2

9.0 8.4

3.0

3.1 1.8

4.9

4.3 3.3

2.4

1.1 2.5

‐

10.0

20.0

30.0

40.0

2016 2017 2018 Budget 2018 YTD

Operating Income ($M)Electric Water Sewer Gas

Operating Income for FY 2018 YTD:Electric $8.8M, Water $2.3M, Sewer $2.7M, Gas $0.8M

11.4 16.2 20.4 2.7 2.9

7.3

5.0 6.9

10.7

8.9 3.0

‐

10.0

20.0

30.0

40.0

2016 2017 2018 Budget 2018 YTD

Capital Spending ($M)Electric Water Sewer Gas

46.529.028.0 9.5

Capital Spending for FY 2018 YTD:Electric $4.3M, Water $1.0M, Sewer $2.9M, Gas $1.3M

47.4 47.9 48.7 49.4

5.8 5.9 6.4 6.1 5.8 6.5 7.5 8.8 16.5 15.6 14.9 12.6

‐

20.0

40.0

60.0

80.0

100.0

2016 2017 2018 Budget 2018 YTD

Operating Cash Balances ($M)Electric Water Sewer Gas

75.5 75.9 77.5 76.933.5 17.5 16.0 14.6

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Variance Variance Original % of Change

December December Favorable YTD YTD Favorable Total Original December YTD Prior YTD toLine # Actual Budget (Unfavorable) Actual Budget (Unfavorable) Budget Budget Actual Actual Current YTD

Revenue:Rates & Charges 1 $22,908,274 $19,854,352 $3,053,922 $124,859,664 $118,557,685 $6,301,979 $243,785,295 51.2% $21,189,597 $125,167,834 ($308,170)Fees & Charges 2 159,219 197,426 (38,207) 1,395,246 1,184,556 210,690 2,369,093 58.9% 190,545 1,102,307 292,939 U. G. & Temp. Ser. Chgs. 3 16,721 17,334 (613) 165,532 104,004 61,528 208,008 79.6% 12,146 114,772 50,760 Miscellaneous 4 25,676 (179,716) 205,392 1,834,465 1,421,694 412,771 2,843,377 64.5% (457,932) 1,185,725 648,740 Interest Income 5 78,478 28,000 50,478 341,332 168,000 173,332 336,000 101.6% 16,623 156,311 185,021 FEMA/Insurance Reimbursement 6 52,448 ‐ 52,448 77,583 ‐ 77,583 ‐ n/a ‐ ‐ 77,583

7 $23,240,816 $19,917,396 $3,323,420 $128,673,822 $121,435,939 $7,237,883 $249,541,773 51.6% $20,950,979 $127,726,949 $946,873

Expenditures: Operations 8 $4,824,169 $5,237,883 $413,714 $28,773,228 $32,825,546 $4,052,318 $65,558,607 43.9% $4,427,879 $28,881,386 ($108,158)Purchased Power/Gas 9 13,074,444 11,579,441 (1,495,003) 73,475,536 70,866,755 (2,608,781) 144,428,549 50.9% 12,694,128 76,673,377 (3,197,841) Capital Outlay 10 465,317 792,474 327,157 5,256,904 4,836,686 (420,218) 9,673,307 54.3% 517,258 3,949,964 1,306,940 Debt Service 11 1,190,286 1,190,288 2 7,141,716 7,141,728 12 14,313,444 49.9% 1,199,134 7,229,166 (87,450) City Turnover 12 487,769 487,769 ‐ 2,926,614 2,926,614 ‐ 5,853,236 50.0% 420,964 2,693,643 232,971 Street Light Reimbursement 13 62,087 66,558 4,471 373,364 399,348 25,984 798,693 46.7% 65,478 386,648 (13,284) Transfer to OPEB Trust Fund 14 ‐ ‐ ‐ 500,000 500,000 ‐ 500,000 100.0% ‐ 500,000 ‐

15 $20,104,072 $19,354,413 ($749,659) $118,447,362 $119,496,677 $1,049,315 $241,125,836 49.1% $19,324,841 $120,314,184 ($1,866,822)

Equity/Deficit from Operations 16 $3,136,744 $562,983 $2,573,761 $10,226,460 $1,939,262 $8,287,198 $8,415,937 $1,626,138 $7,412,765 $2,813,695

Transfers and Fund Balance Transfer from Capital Projects 17 $0 $0 $0 $170,915 $0 $170,915 $0 n/a $0 $812,115 ($641,200)Appropriated Fund Balance 18 ‐ 83,333 (83,333) ‐ 499,998 (499,998) 1,000,000 0.0% ‐ ‐ ‐ Transfer to Capital Projects 19 (529,166) (529,166) ‐ (3,174,996) (3,174,996) ‐ (6,350,000) 50.0% (404,167) (2,424,994) (750,002) Transfer to Rate Stabilization 20 (120,833) (120,833) ‐ (724,998) (724,998) ‐ (1,450,000) 50.0% (369,463) (2,314,088) 1,589,090 Transfer to Designated Reserves 21 ‐ ‐ ‐ ‐ ‐ ‐ ‐ n/a (212,500) (524,999) 524,999

22 ($649,999) ($566,666) ($83,333) ($3,729,079) ($3,399,996) ($329,083) ($6,800,000) ($986,130) ($4,451,966) $722,887

Total Equity/Deficit 23 $2,486,745 ($3,683) $2,490,428 $6,497,381 ($1,460,734) $7,958,115 $1,615,937 $640,008 $2,960,799 $3,536,582

Current Fiscal Year Prior Fiscal Year

Greenville Utilities CommissionRevenue and Expenses ‐ Combined

December 31, 2017

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Customer Demand:Number of Accounts 1 66,726 66,373 kWh Purchased 2 152,001,157 136,348,573 (15,652,584) 933,381,169 914,629,461 (18,751,708) 1,793,527,246 52.0% 142,794,312 933,915,890 (534,721) kWh Billed1 3 137,262,551 131,790,072 5,472,479 895,390,160 883,322,185 12,067,975 1,734,657,597 51.6% 130,927,419 911,885,972 (16,495,812)

Revenue:Rates & Charges ‐ Retail 4 $14,826,297 $12,945,467 $1,880,830 $88,816,253 $85,660,835 $3,155,418 $169,026,175 52.5% $14,613,992 $91,950,092 ($3,133,839)Fees & Charges 5 95,384 131,087 (35,703) 838,999 786,522 52,477 1,573,044 53.3% 115,259 670,946 168,053 U. G. & Temp. Ser. Chgs. 6 15,421 17,034 (1,613) 158,032 102,204 55,828 204,408 77.3% 10,446 107,472 50,560 Miscellaneous 7 136,128 191,275 (55,147) 1,434,564 1,147,650 286,914 2,295,301 62.5% (319,954) 499,565 934,999 Interest Income 8 53,227 17,000 36,227 213,924 102,000 111,924 204,000 104.9% 8,382 96,435 117,489

9 $15,168,416 $13,301,863 $1,866,553 $91,503,731 $87,799,211 $3,704,520 $173,302,928 52.8% $14,428,125 $93,324,510 ($1,820,779)

Expenditures: Operations 10 $2,220,740 $2,312,646 $91,906 $12,252,627 $14,450,000 $2,197,373 $28,858,575 42.5% $1,890,112 $12,529,315 ($276,688)Purchased Power 11 10,627,971 9,608,431 (1,019,540) 65,064,315 63,605,233 (1,459,082) 125,005,049 52.0% 10,762,298 69,312,997 (4,248,682) Capital Outlay 12 360,674 478,629 117,955 3,312,142 2,923,335 (388,807) 5,846,686 56.6% 362,529 3,011,587 300,555 Debt Service 13 257,468 257,467 (1) 1,544,808 1,544,802 (6) 3,089,614 50.0% 265,965 1,595,790 (50,982) City Turnover 14 354,548 354,548 ‐ 2,127,288 2,127,288 ‐ 4,254,580 50.0% 292,684 1,843,803 283,485 Street Light Reimbursement 15 62,087 66,558 4,471 373,364 399,348 25,984 798,693 46.7% 65,478 386,648 (13,284) Transfer to OPEB Trust Fund 16 25,000 ‐ (25,000) 300,000 275,000 (25,000) 275,000 109.1% ‐ 275,000 25,000

17 $13,908,488 $13,078,279 ($830,209) $84,974,544 $85,325,006 $350,462 $168,128,197 50.5% $13,639,066 $88,955,140 ($3,980,596)

Equity/Deficit from Operations 18 $1,259,928 $223,584 $1,036,344 $6,529,187 $2,474,205 $4,054,982 $5,174,731 $789,059 $4,369,370 $2,159,817

Transfers and Fund Balance Transfer from Capital Projects 19 $0 $0 $0 $0 $0 $0 $0 n/a $0 $345,367 ($345,367)Transfer to Capital Projects 20 (250,000) (250,000) ‐ (1,500,000) (1,500,000) ‐ (3,000,000) 50.0% (200,000) (1,200,000) (300,000) Transfer to Rate Stabilization 21 (100,000) (100,000) ‐ (600,000) (600,000) ‐ (1,200,000) 50.0% (369,463) (2,314,088) 1,714,088 Transfer to Designated Reserves 22 ‐ ‐ ‐ ‐ ‐ ‐ ‐ n/a (150,000) (150,000) 150,000

23 ($350,000) ($350,000) $0 ($2,100,000) ($2,100,000) $0 ($4,200,000) ($719,463) ($3,318,721) $1,218,721

Total Equity/Deficit 24 $909,928 ($126,416) $1,036,344 $4,429,187 $374,205 $4,054,982 $974,731 $69,596 $1,050,649 $3,378,538

Note 1: kWh billed does not include volumes delivered in the current month and billed in the next month.

Greenville Utilities CommissionRevenue and Expenses ‐ Electric Fund

December 31, 2017


10



Customer Demand:Number of Accounts 1 35,864 35,679 Kgallons Pumped 2 410,541 350,201 (60,340) 2,443,971 2,384,878 (59,093) 4,674,175 52.3% 430,692 2,443,915 56 Kgallons Billed ‐ Retail 3 284,579 257,954 26,625 1,811,414 1,754,253 57,161 3,383,587 53.5% 266,333 1,766,951 44,464 Kgallons Billed ‐ Wholesale1 4 97,702 81,889 15,813 261,328 255,563 5,765 636,195 41.1% 91,076 270,461 (9,133) Kgallons Billed 5 382,282 339,843 42,439 2,072,742 2,009,816 62,926 4,019,782 51.6% 357,409 2,037,412 35,330

Revenue:Rates & Charges ‐ Retail 6 $1,479,222 $1,342,354 $136,868 $9,356,659 $9,247,191 $109,468 $17,746,970 52.7% $1,408,397 $9,166,667 $189,992Rates & Charges ‐ Wholesale1 7 186,951 158,980 27,971 532,487 514,028 18,459 1,263,460 42.1% 167,321 529,408 3,079 Fees & Charges 8 21,096 29,683 (8,587) 236,158 178,098 58,060 356,187 66.3% 27,880 175,752 60,406 Temporary Service Charges 9 1,300 300 1,000 7,500 1,800 5,700 3,600 208.3% 1,700 7,300 200 Miscellaneous 10 28,732 20,504 8,228 162,907 123,024 39,883 246,053 66.2% 165,690 515,053 (352,146) Interest Income 11 6,525 3,750 2,775 36,253 22,500 13,753 45,000 80.6% 3,097 21,139 15,114

12 $1,726,448 $1,555,571 $170,877 $10,334,586 $10,086,641 $247,945 $19,661,270 52.6% $1,774,085 $10,415,319 ($80,733)

Expenditures: Operations 13 $874,140 $1,058,932 $184,792 $5,935,265 $6,645,653 $710,388 $13,273,137 44.7% $907,655 $5,986,881 ($51,616)Capital Outlay 14 (261) 90,158 90,419 693,391 550,289 (143,102) 1,100,540 63.0% 55,913 283,599 409,792 Debt Service 15 285,390 285,391 1 1,712,340 1,712,346 6 3,454,686 49.6% 296,655 1,779,930 (67,590) Transfer to OPEB Trust Fund 16 25,000 ‐ (25,000) 100,000 75,000 (25,000) 75,000 133.3% ‐ 75,000 25,000

17 $1,184,269 $1,434,481 $250,212 $8,440,996 $8,983,288 $542,292 $17,903,363 47.1% $1,260,223 $8,125,410 $315,586

Equity/Deficit from Operations 18 $542,179 $121,090 $421,089 $1,893,590 $1,103,353 $790,237 $1,757,907 $513,862 $2,289,909 ($396,319)

Transfers and Fund Balance Transfer from Capital Projects 19 $0 $0 $0 $0 $0 $0 $0 n/a $0 $146,640 ($146,640)Transfer to Capital Projects 20 (133,333) (133,333) ‐ (799,998) (799,998) ‐ (1,600,000) 50.0% (91,667) (549,998) (250,000) Transfer to Designated Reserves 21 ‐ ‐ ‐ ‐ ‐ ‐ ‐ n/a (25,000) (150,000) 150,000

22 ($133,333) ($133,333) $0 ($799,998) ($799,998) $0 ($1,600,000) ($116,667) ($553,358) ($246,640)

Total Equity/Deficit 23 $408,846 ($12,243) $421,089 $1,093,592 $303,355 $790,237 $157,907 $397,195 $1,736,551 ($642,959)

Note 1: Kgallons Billed ‐ Wholesale and Rates and Charges ‐ Wholesale represents sales to the Town of Bethel, the Town of Farmville, Greene County, the Town of Winterville and Stokes Regional Water Corporation.

Greenville Utilities CommissionRevenue and Expenses ‐ Water Fund

December 31, 2017


11



Customer Demand:Number of Accounts 1 29,565 29,359 Kgallons Total Flow 2 264,370 299,778 35,408 1,655,450 1,824,065 168,615 3,712,414 44.6% 262,790 2,000,700 (345,250) Kgallons Billed ‐ Retail 3 231,220 213,347 17,873 1,419,893 1,384,590 35,303 2,712,390 52.3% 220,867 1,413,331 6,562 Kgallons Billed ‐ Wholesale1 4 4,463 9,009 (4,546) 50,252 54,855 (4,603) 127,288 39.5% 6,166 68,692 (18,440) Total Kgallons Billed 5 235,683 222,356 13,327 1,470,145 1,439,445 30,700 2,839,678 51.8% 227,033 1,482,023 (11,878)

Revenue:Rates & Charges ‐ Retail 6 $1,810,042 $1,683,236 $126,806 $11,055,365 $10,891,207 $164,158 $21,352,676 51.8% $1,756,250 $11,027,573 $27,792Rates & Charges ‐ Wholesale1 7 24,995 50,453 (25,458) 281,411 307,196 (25,785) 712,814 39.5% 34,531 384,675 (103,264) Fees & Charges 8 27,664 25,391 2,273 231,885 152,346 79,539 304,686 76.1% 28,766 173,295 58,590 Miscellaneous 9 (156,500) 12,157 (168,657) 142,290 72,942 69,348 145,866 97.5% (177,192) 61,782 80,508 Interest Income 10 7,375 2,250 5,125 32,950 13,500 19,450 27,000 122.0% 1,911 12,665 20,285 FEMA/Insurance Reimbursement 11 2,622 ‐ 2,622 27,757 ‐ 27,757 ‐ n/a ‐ ‐ 27,757

12 $1,716,198 $1,773,487 ($57,289) $11,771,658 $11,437,191 $334,467 $22,543,042 52.2% $1,644,266 $11,659,990 $111,668

Expenditures: Operations 13 $994,295 $1,092,454 $98,159 $5,922,903 $6,834,523 $911,620 $13,657,020 43.4% $915,123 $5,882,719 $40,184Capital Outlay 14 38,025 110,335 72,310 735,947 665,991 (69,956) 1,331,941 55.3% 11,686 247,599 488,348 Debt Service 15 532,884 532,886 2 3,197,304 3,197,316 12 6,394,613 50.0% 507,523 3,079,500 117,804 Transfer to OPEB Trust Fund 16 25,000 ‐ (25,000) 100,000 75,000 (25,000) 75,000 133.3% ‐ 75,000 25,000

17 $1,590,204 $1,735,675 $145,471 $9,956,154 $10,772,830 $816,676 $21,458,574 46.4% $1,434,332 $9,284,818 $671,336

Equity/Deficit from Operations 18 $125,994 $37,812 $88,182 $1,815,504 $664,361 $1,151,143 $1,084,468 $209,934 $2,375,172 ($559,668)

Transfers and Fund Balance Transfer from Capital Projects 19 $0 $0 $0 $170,915 $0 $170,915 $0 n/a $0 $185,515 ($14,600)Transfer to Capital Projects 20 ($83,333) ($83,333) $0 ($499,998) ($499,998) $0 ($1,000,000) 50.0% ($104,167) ($624,998) $125,000Transfer to Designated Reserves 21 ‐ ‐ ‐ ‐ ‐ ‐ ‐ n/a (37,500) (224,999) 224,999

22 ($83,333) ($83,333) $0 ($329,083) ($499,998) $170,915 ($1,000,000) ($141,667) ($664,482) $335,399

Total Equity/Deficit 23 $42,661 ($45,521) $88,182 $1,486,421 $164,363 $1,322,058 $84,468 $68,267 $1,710,690 ($224,269)

Note 1: Kgallons Billed ‐ Wholesale and Rates and Charges ‐ Wholesale represents sales to the Town of Bethel and the Town of Grimesland.

Greenville Utilities CommissionRevenue and Expenses ‐ Sewer Fund

December 31, 2017


12



Customer Demand:Number of Accounts 1 23,240 23,096 CCFs Purchased 2 4,956,199 3,586,232 (1,369,967) 15,932,606 13,000,091 (2,932,515) 34,483,000 46.2% 4,176,617 14,649,599 1,283,007 CCFs Delivered to GUC 3 4,494,462 3,481,514 (1,012,948) 15,410,813 12,620,488 (2,790,325) 33,476,096 46.0% 4,054,660 14,221,831 1,188,982 CCFs Billed ‐ Firm 4 2,260,560 1,996,464 264,096 5,754,218 5,141,322 612,896 16,906,200 34.0% 1,984,239 5,188,232 565,986 CCFs Billed ‐ Interruptible 5 1,462,498 1,380,780 81,718 7,132,129 6,919,242 212,887 15,342,000 46.5% 1,378,965 7,001,346 130,783 CCFs Billed ‐ Total 6 3,723,058 3,377,244 345,814 12,886,347 12,060,564 825,783 32,248,200 40.0% 3,363,204 12,189,578 696,769

Revenue:Rates & Charges ‐ Retail 7 $4,580,767 $3,673,862 $906,905 $14,817,489 $11,937,228 $2,880,261 $33,683,200 44.0% $3,209,106 $12,109,419 $2,708,070Fees & Charges 8 15,075 11,265 3,810 88,204 67,590 20,614 135,176 65.3% 18,640 82,314 5,890 Miscellaneous 9 17,316 (403,652) 420,968 94,704 78,078 16,626 156,157 60.6% (126,476) 109,325 (14,621) Interest Income 10 11,351 5,000 6,351 58,205 30,000 28,205 60,000 97.0% 3,233 26,072 32,133

11 $4,629,754 $3,286,475 $1,343,279 $15,063,847 $12,112,896 $2,950,951 $34,034,533 44.3% $3,104,503 $12,327,130 $2,736,717

Expenditures: Operations 12 $734,994 $773,851 $38,857 $4,662,433 $4,895,370 $232,937 $9,769,875 47.7% $714,989 $4,482,471 $179,962Purchased Gas 13 2,446,473 1,971,010 (475,463) 8,411,221 7,261,522 (1,149,699) 19,423,500 43.3% 1,931,830 7,360,380 1,050,841 Capital Outlay 14 66,879 113,352 46,473 515,424 697,071 181,647 1,394,140 37.0% 87,130 407,179 108,245 Debt Service 15 114,544 114,544 ‐ 687,264 687,264 ‐ 1,374,531 50.0% 128,991 773,946 (86,682) City Turnover 16 133,221 133,221 ‐ 799,326 799,326 ‐ 1,598,656 50.0% 128,280 849,840 (50,514) Transfer to OPEB Trust Fund 17 (75,000) ‐ 75,000 ‐ 75,000 75,000 75,000 0.0% ‐ 75,000 (75,000)

18 $3,421,111 $3,105,978 ($315,133) $15,075,668 $14,415,553 ($660,115) $33,635,702 44.8% $2,991,220 $13,948,816 $1,126,852

Equity/Deficit from Operations 19 $1,208,643 $180,497 $1,028,146 ($11,821) ($2,302,657) $2,290,836 $398,831 $113,283 ($1,621,686) $1,609,865

Transfers and Fund Balance Transfer from Capital Projects 20 $0 $0 $0 $0 $0 $0 $0 n/a $0 $134,593 ($134,593)Appropriated Fund Balance 21 ‐ 83,333 (83,333) ‐ 499,998 (499,998) 1,000,000 0.0% ‐ ‐ ‐ Transfer to Capital Projects 22 (62,500) (62,500) ‐ (375,000) (375,000) ‐ (750,000) 50.0% (8,333) (49,998) (325,002) Transfer to Rate Stabilization 23 (20,833) (20,833) ‐ (124,998) (124,998) ‐ (250,000) 50.0% ‐ ‐ (124,998)

24 ($83,333) $0 ($83,333) ($499,998) $0 ($499,998) $0 ($8,333) $84,595 ($584,593)

Total Equity/Deficit 25 $1,125,310 $180,497 $944,813 ($511,819) ($2,302,657) $1,790,838 $398,831 $104,950 ($1,537,091) $1,025,272

Greenville Utilities CommissionRevenue and Expenses ‐ Gas Fund

December 31, 2017


13

Electric Water Sewer GasLine # Fund Fund Fund Fund Total

Operating revenues:Charges for services 1 14,937,102$ 1,688,569$ 1,862,700$ 4,595,842$ 23,084,213$ Other operating revenues 2 29,926 8,024 8,097 6,505 52,552

Total operating revenues 3 14,967,028 1,696,593 1,870,797 4,602,347 23,136,765

Operating expenses:Administration and general 4 962,020 283,775 280,837 214,823 1,741,455 Operations and maintenance 5 1,283,722 615,364 738,458 445,170 3,082,714 Purchased power and gas 6 10,627,971 ‐ ‐ 2,446,473 13,074,444 Depreciation 7 731,909 319,480 492,448 178,559 1,722,396

Total operating expenses 8 13,605,622 1,218,619 1,511,743 3,285,025 19,621,009

Operating income (loss) 9 1,361,406 477,974 359,054 1,317,322 3,515,756

Non‐operating revenues (expenses):Interest income 10 72,797 9,100 13,792 18,969 114,658 Debt interest expense and service charges 11 (112,634) (68,976) (134,373) (44,072) (360,055) Other nonoperating revenues 12 148,160 33,241 24,313 16,056 221,770 Other nonoperating expenses 13 ‐ ‐ ‐ ‐ ‐

Net nonoperating revenues 14 108,323 (26,635) (96,268) (9,047) (23,627)

Income before contributions and transfers 15 1,469,729 451,339 262,786 1,308,275 3,492,129

Contribution and transfers:Transfer to City of Greenville, General Fund 16 (354,548) ‐ ‐ (133,221) (487,769) Transfer to City of Greenville, street light reimbursement 17 (62,087) ‐ ‐ ‐ (62,087)

Total operating transfers 18 (416,635) ‐ ‐ (133,221) (549,856)

Changes in net position 19 1,053,094 451,339 262,786 1,175,054 2,942,273

Net position, beginning of month 20 $152,044,971 $75,250,510 $108,392,485 $51,070,577 386,758,543

Net position, end of month 21 153,098,065$ 75,701,849$ 108,655,271$ 52,245,631$ 389,700,816$

Major Funds

Greenville Utilities CommissionStatement of Revenues, Expenses and Changes in Fund Net Position

December 31, 2017

14

Electric Water Sewer GasLine # Fund Fund Fund Fund Total Last Year

Operating revenues:Charges for services 1 89,813,284$ 10,132,803$ 11,568,661$ 14,905,693$ 126,420,441$ 126,384,913$ Other operating revenues 2 293,410 57,526 68,254 42,162 461,352 209,591

Total operating revenues 3 90,106,694 10,190,329 11,636,915 14,947,855 126,881,793 126,594,504

Operating expenses:Administration and general 4 5,087,600 1,923,067 1,894,814 1,791,214 10,696,695 10,772,871 Operations and maintenance 5 6,839,018 4,112,199 4,128,088 2,871,221 17,950,526 18,608,511 Purchased power and gas 6 65,064,315 ‐ ‐ 8,411,221 73,475,536 76,673,377 Depreciation 7 4,313,522 1,892,255 2,946,235 1,069,524 10,221,536 8,956,624

Total operating expenses 8 81,304,455 7,927,521 8,969,137 14,143,180 112,344,293 115,011,383

Operating income (Loss) 9 8,802,239 2,262,808 2,667,778 804,675 14,537,500 11,583,121

Non‐operating revenues (expenses):Interest income 10 311,252 50,277 67,061 94,089 522,679 216,079 Debt interest expense and service charges 11 (675,804) (413,856) (806,238) (264,432) (2,160,330) (2,018,718) Other nonoperating revenues 12 1,183,113 260,449 299,539 57,788 1,800,889 875,509 Other nonoperating expenses 13 (626,011) ‐ ‐ ‐ (626,011) ‐

Net nonoperating revenues 14 192,550 (103,130) (439,638) (112,555) (462,773) (927,130)

Income before contributions and transfers 15 8,994,789 2,159,678 2,228,140 692,120 14,074,727 10,655,991

Contributions and transfers:Capital Contributions 16 ‐ ‐ ‐ ‐ ‐ 82,786 Transfer to City of Greenville, General Fund 17 (2,127,288) ‐ ‐ (799,326) (2,926,614) (2,693,643) Transfer to City of Greenville, street light reimbursement 18 (373,364) ‐ ‐ ‐ (373,364) (386,648)

Total contributions and transfers 19 (2,500,652) ‐ ‐ (799,326) (3,299,978) (2,997,505)

Changes in net position 20 6,494,137 2,159,678 2,228,140 (107,206) 10,774,749 7,658,486

Beginning net position 21 146,603,928 73,542,171 106,427,131 52,352,837 378,926,067 366,521,880

Ending net position 22 153,098,065$ 75,701,849$ 108,655,271$ 52,245,631$ 389,700,816$ 374,180,366$

1 Other, nonoperating revenues include miscellaneous non‐operating revenue and capital projects revenue.

Greenville Utilities CommissionStatement of Revenues, Expenses and Changes in Fund Net Position

December 31, 2017

Major Funds

Fiscal Year to Date

15

Line # Electric Water Sewer Gas Total Last YearSources:

Operating income 1 8,802,239$ 2,262,808$ 2,667,778$ 804,675$ 14,537,500$ 11,583,121$ Depreciation 2 4,313,522 1,892,255 2,946,235 1,069,524 10,221,536 8,956,624 Changes in working capital 3 (1,683,812) (132,097) (438,441) (2,239,870) (4,494,220) (1,820,739) Interest earned 4 213,924 36,253 32,950 58,205 341,332 156,311 FEMA/insurance reimbursement 5 41,959 2,622 27,757 5,245 77,583 ‐ Transfer from capital projects 6 ‐ ‐ 170,915 ‐ 170,915 812,115

Subtotal 7 11,687,832 4,061,841 5,407,194 (302,221) 20,854,646 19,687,432

Uses:City Turnover 8 (2,127,288) ‐ ‐ (799,326) (2,926,614) (2,693,643) City Street Light reimbursement 9 (373,364) ‐ ‐ ‐ (373,364) (386,648) Debt service payments 10 (1,763,027) (2,376,455) (1,795,178) (773,193) (6,707,853) (7,162,288) Debt Issuance costs 11 ‐ ‐ ‐ ‐ ‐ (34,362) Other nonoperating expenses 12 (626,011) ‐ ‐ ‐ (626,011) ‐ Capital Outlay expenditures 13 (3,312,142) (693,391) (735,947) (515,424) (5,256,904) (3,949,964) Transfer to Rate Stabilization Fund 14 (600,000) ‐ ‐ (124,998) (724,998) (2,314,088) Transfer to Capital Projects Fund 15 (1,500,000) (799,998) (499,998) (375,000) (3,174,996) (2,424,994)

Subtotal 16 (10,301,832) (3,869,844) (3,031,123) (2,587,941) (19,790,740) (18,965,987)

Net increase (decrease) ‐ operating cash 17 1,386,000 191,997 2,376,071 (2,890,162) 1,063,906 721,445

Rate stabilization fundTransfer from Operating Fund 18 600,000 ‐ ‐ 124,998 724,998 2,314,088 Interest earnings 19 78,884 ‐ ‐ 2,777 81,661 29,333

Net increase (decrease) ‐ rate stabilization fund 20 678,884 ‐ ‐ 127,775 806,659 2,343,421

Capital projectsProceeds from debt issuance 21 ‐ ‐ 2,472,685 ‐ 2,472,685 2,611,360 Acreage fees and capacity fees 22 ‐ 152,445 197,681 ‐ 350,126 275,282 Interest earnings 23 18,444 14,024 34,111 33,107 99,686 30,435 Transfer from Operating Fund 24 1,500,000 799,998 499,998 375,000 3,174,996 2,424,994 Changes in working capital 25 (131,475) (27,755) (178,159) (31,198) (368,587) (1,005,126) Capital Projects expenditures 26 (1,691,107) (503,172) (2,522,241) (793,214) (5,509,734) (8,700,668)

Net increase (decrease) ‐ capital projects 27 (304,138) 435,540 504,075 (416,305) 219,172 (4,363,723)

Net increase (decrease) ‐ operating, rate stabilization and capital projects 28 1,760,746 627,537 2,880,146 (3,178,692) 2,089,737 (1,298,857)

Cash and investments and revenue bond proceeds, beginning 29 74,624,561$ 11,099,617$ 16,261,833$ 25,145,927$ 127,131,938$ 82,053,279$

Cash and investments and revenue bond proceeds, ending 30 76,385,307$ 11,727,154$ 19,141,979$ 21,967,235$ 129,221,675$ 80,754,422$

Cash and Investment (A) 31 71,841,818 9,170,931 16,026,695 21,288,801 118,328,245 59,445,050 Revenue Bond Proceeds 32 4,543,489 2,556,223 3,115,284 678,434 10,893,430 21,309,372 subtotal 33 76,385,307 11,727,154 19,141,979 21,967,235 129,221,675 80,754,422

(A) Operating Fund 34 49,394,622 6,122,076 8,810,476 12,644,570 76,971,744 44,811,963 Rate Stabilization Fund 35 19,784,925 ‐ ‐ 732,212 20,517,137 17,870,416 Capital Project Fund 36 2,662,271 3,048,855 7,216,219 7,912,019 20,839,364 14,633,087

37 71,841,818 9,170,931 16,026,695 21,288,801 118,328,245 77,315,466

Greenville Utilities CommissionStatement of Cash Flows

Fiscal Year to DateDecember 31, 2017

16

Line # Electric Fund Water Fund Sewer Fund Gas Fund TotalAssetsCurrent assets:

Cash and investments ‐ Operating Fund 1 49,394,622 6,122,076 8,810,477 12,644,570 76,971,745 Cash and investments ‐ Rate Stabilization Fund 2 19,784,925 ‐ ‐ 732,212 20,517,137 Cash and investments ‐ Capital Project Fund 3 2,662,271 1,344,676 5,302,068 7,912,019 17,221,034 Accounts receivable, net 4 20,900,902 2,176,437 2,527,385 5,526,370 31,131,094 Due from other governments 5 1,752,146 290,609 386,643 249,895 2,679,293 Inventories 6 5,802,248 751,597 221,691 631,602 7,407,138 Prepaid expenses and deposits 7 508,876 94,072 92,165 97,640 792,753

Total current assets 8 100,805,990 10,779,467 17,340,429 27,794,308 156,720,194

Non‐current assets:Restricted assets:

Restricted cash and cash equivalents:Bond funds 9 4,543,489 2,556,223 3,115,284 678,434 10,893,430 Capacity fees 10 ‐ 1,704,179 1,914,150 ‐ 3,618,329

Total restricted cash and cash equivalents 11 4,543,489 4,260,402 5,029,434 678,434 14,511,759

Total restricted assets 12 4,543,489 4,260,402 5,029,434 678,434 14,511,759

Notes receivable 13 ‐ 326,152 ‐ ‐ 326,152

Capital assets:Land, easements and construction in progress 14 15,963,605 4,339,281 13,733,249 4,665,902 38,702,037 Other capital assets, net of depreciation 15 92,069,069 82,013,734 132,023,684 39,909,538 346,016,025 Total capital assets 16 108,032,674 86,353,015 145,756,933 44,575,440 384,718,062

Total non‐current assets 17 112,576,163 90,939,569 150,786,367 45,253,874 399,555,973

Total assets 18 213,382,153 101,719,036 168,126,796 73,048,182 556,276,167

Deferred Outflows of ResourcesPension deferrals 19 3,414,397 1,832,115 1,748,837 1,332,448 8,327,797 Unamortized bond refunding charges 20 545,370 798,606 669,038 146,510 2,159,524

Total deferred outflows of resources 21 3,959,767 2,630,721 2,417,875 1,478,958 10,487,321

LiabilitiesCurrent liabilities:

Accounts payable and accrued expenses 22 12,149,552 358,139 358,135 2,843,199 15,709,025 Customer deposits 23 3,138,427 699,118 1,325 411,154 4,250,024 Accrued interest payable 24 115,426 79,397 234,983 49,239 479,045 Due to City of Greenville 25 18 ‐ ‐ ‐ 18 Unearned revenue2 26 179,760 85,133 136,250 ‐ 401,143 Current portion of compensated absences 27 711,987 336,596 297,579 249,181 1,595,343 Current maturities of long‐term debt 28 662,771 657,564 3,620,130 341,209 5,281,674

Total current liabilities 29 16,957,941 2,215,947 4,648,402 3,893,982 27,716,272

Non‐current liabilitiesCompensated absences 30 188,690 140,793 159,595 179,012 668,090 Long‐term debt, excluding current portion 31 37,266,637 21,644,164 52,883,535 14,718,752 126,513,088 Other post‐employment benefits 32 5,846,118 2,508,996 2,157,042 1,934,848 12,447,004 Net pension liability 33 3,849,576 2,065,626 1,971,734 1,502,274 9,389,210

Total non current liabilities 34 47,151,021 26,359,579 57,171,906 18,334,886 149,017,392

Total liabilities 35 64,108,962 28,575,526 61,820,308 22,228,868 176,733,664

Deferred Inflows of ResourcesPension deferrals 36 134,893 72,382 69,092 52,641 329,008

Total deferred inflows of resources 37 134,893 72,382 69,092 52,641 329,008

Net PositionNet investment in capital assets 38 75,192,125 67,406,116 93,037,590 30,340,423 265,976,254 Unrestricted 39 77,905,940 8,295,733 15,617,681 21,905,208 123,724,562

Total net position 40 153,098,065$ 75,701,849$ 108,655,271$ 52,245,631$ 389,700,816$

1 Negative cash balances in the Capital Projects funds reflect reimbursements due from revenue bonds, SRF loans and grants.2 Unearned revenue includes prepaid street light installations and prepaid water and sewer tap fees.

Greenville Utilities CommissionStatement of Net Position

December 31, 2017

17

Project # Project Name Original Budget Board

Approval

Current Approved Budget

Current Month Expenditures

Year To Date Expenditures

Project To Date Expenditures

% of Budget

Expended Encumbrances Available Budget

Estimated Completion Date

FCP‐100 Downtown Office Efficiency and Enhancement 1,750,000 6/11/2015 1,750,000 ‐ ‐ ‐ 0.0% ‐ 1,750,000 6/30/2020FCP10066 Downtown Facilities Development 1,400,000 11/19/2015 1,600,000 ‐ 10,383 1,365,848 85.4% ‐ 234,152 CompleteFCP10072 New Operations Center Phase 2 4,000,000 6/9/2016 40,941,858 64,903 549,268 582,017 1.4% 861,649 39,498,192 6/30/2020WCP‐120 Water/Sewer Meter ERT/Low Lead Compliance Changeout 3,125,000 6/12/2014 3,125,000 ‐ ‐ 465,465 14.9% ‐ 2,659,535 6/30/2019

Total Shared Capital Projects 10,275,000$ 47,416,858$ 64,903$ 559,651$ 2,413,330$ 5.1% 861,649$ 44,141,879$

ECP‐133 Sugg Parkway Transmission Line 1,700,000 5/17/2011 1,700,000 ‐ ‐ ‐ 0.0% ‐ 1,700,000 7/31/2018ECP‐134 Sugg Parkway Substation 3,400,000 5/17/2011 3,400,000 ‐ ‐ 6,050 0.2% ‐ 3,393,950 7/31/2018ECP‐138 Greenville 230 kV South POD Substation 300,000 9/20/2012 4,800,000 52,625 673,319 4,340,544 90.4% 230,106 229,350 7/1/2018ECP‐142 Bells Fork to Hollywood Substation Upgrade 2,370,000 6/13/2013 5,605,155 16,436 717,409 3,325,579 59.3% 824,843 1,454,733 7/1/2018ECP‐144 10th Street Connector Project 1,535,000 12/19/2013 1,535,000 ‐ 949 1,078,334 70.2% ‐ 456,666 TBD by NCDOTECP10168 POD #3 to Simpson Substation 115 kV Transmission Loop 300,000 6/9/2016 300,000 ‐ 420 420 0.1% ‐ 299,580 6/30/2022ECP10174 Electric System Expansion 2,500,000 6/8/2017 2,500,000 ‐ ‐ ‐ 0.0% ‐ 2,500,000 6/30/2018

Total Electric Capital Projects 12,105,000$ 19,840,155$ 69,061$ 1,392,097$ 8,750,927$ 44.1% 1,054,949$ 10,034,279$

WCP‐117 WTP Upgrade Phase I 1,900,000 6/12/2014 6,900,000 ‐ 394,183 1,371,594 19.9% 199,624 5,328,782 12/31/2017WCP‐121 10th Street Connector Project 892,500 10/16/2014 1,896,000 ‐ ‐ 5,875 0.3% 851,079 1,039,046 11/30/2018WCP‐122 Water Main Rehabilitation Program Phase I 1,500,000 12/18/2014 1,500,000 ‐ 24,921 499,848 33.3% 26,410 973,742 12/31/2018WCP‐123 COG Town Creek Culvert Improvement 80,000 3/19/2015 1,100,000 ‐ ‐ 150 0.0% ‐ 1,099,850 12/31/2018WCP‐124 Residual Lagoon Improvements 1,250,000 6/11/2015 1,250,000 ‐ ‐ ‐ 0.0% ‐ 1,250,000 6/30/2020

Total Water Capital Projects 5,622,500$ 12,646,000$ ‐$ 419,104$ 1,877,467$ 14.8% 1,077,113$ 9,691,420$

SCP‐117 WWTP Ultraviolet Disinfection Equip. Replacement 3,360,000 6/13/2013 3,360,000 ‐ ‐ 1,965,395 58.5% 47,574 1,347,031 8/31/2017SCP‐118 Southside Pump Station Upgrade 3,450,000 6/13/2013 6,600,000 79,597 1,197,921 5,594,872 84.8% 607,013 398,115 12/31/2017SCP‐120 Sewer Biosolids Processing Upgrades 6,800,000 6/12/2014 6,800,000 ‐ 1,672 22,572 0.3% ‐ 6,777,428 7/31/2018SCP‐121 Sewer Harris Mill Intercepter 524,000 6/12/2014 995,000 179,848 456,043 554,241 55.7% 354,280 86,479 3/31/2018SCP‐122 WWTP Air Distribution System 1,500,000 11/20/2014 2,000,000 3,502 772,967 1,674,292 83.7% 204,853 120,855 12/31/2017SCP‐123 COG Town Creek Culvert Improvement 80,000 3/19/2015 1,900,000 ‐ ‐ 480 0.0% ‐ 1,899,520 12/31/2018SCP‐124 Generators for Pumping Stations 310,000 6/11/2015 310,000 5,350 26,650 235,612 76.0% 2,038 72,350 10/31/2017SCP10217 10th Street Connector Project 306,000 6/9/2016 306,000 ‐ ‐ ‐ 0.0% ‐ 306,000 12/31/2019SCP10219 Candlewick Area Sanitary District Sewer Project 700,000 7/21/2016 800,000 ‐ ‐ ‐ 0.0% 45,000 755,000 4/2/2018SCP10221 Southeast Sewer Service Area Project 2,500,000 6/8/2017 2,500,000 ‐ ‐ ‐ 0.0% ‐ 2,500,000 6/30/2019SCP10222 Sewer Outfall Rehabilitation Phase 4 2,480,000 6/8/2017 2,480,000 ‐ ‐ ‐ 0.0% ‐ 2,480,000 6/30/2019SCP10223 Regional Pump Station Upgrades 1,800,000 6/8/2017 1,800,000 ‐ ‐ ‐ 0.0% ‐ 1,800,000 10/31/2020

Total Sewer Capital Projects 23,810,000$ 29,851,000$ 268,297$ 2,455,253$ 10,047,464$ 33.7% 1,260,758$ 18,542,778$

GCP‐88 GUC‐PNG Multiple Gas Facilities Upgrade Project 2,650,000 11/15/2012 2,650,000 2,570 143,922 1,991,221 75.1% 165,124 493,655 6/30/2018GCP‐92 LNG Liquefaction Additions 1,000,000 6/11/2015 1,000,000 ‐ ‐ 28,428 2.8% ‐ 971,572 6/30/2018GCP‐93 Southwestern Loop Phase I 500,000 6/11/2015 500,000 467 419,200 476,000 95.2% 15,436 8,564 6/30/2019GCP10094 Thomas Langston Road Enhancements 1,000,000 6/9/2016 1,000,000 22,772 160,561 170,061 17.0% 66,883 763,056 6/30/2018GCP10099 High‐Pressure Multiple Gas Facilities Relocation 9,500,000 6/8/2017 9,500,000 ‐ ‐ ‐ 0.0% ‐ 9,500,000 6/30/2021GCP10100 NCDOT Southwest Bypass Relocations 1,500,000 6/8/2017 1,500,000 ‐ ‐ ‐ 0.0% ‐ 1,500,000 6/30/2020GCP10101 Firetower Road Widening 1,300,000 6/8/2017 1,300,000 ‐ ‐ ‐ 0.0% ‐ 1,300,000 6/30/2022

Total Gas Capital Projects 17,450,000$ 17,450,000$ 25,809$ 723,683$ 2,665,710$ 15.3% 247,443$ 14,536,847$

Grand Total Capital Projects 69,262,500$ 127,204,013$ 428,070$ 5,549,788$ 25,754,898$ 20.2% 4,501,912$ 96,947,203$

Capital Projects Summary ReportDecember 31, 2017

18

Investment Portfolio DiversificationDecember 31, 2017

Bank of America$23,839,662

19.8%

FFCB$6,000,000

5.0%

FHLB$8,500,000

7.1%

FHLMC$9,955,000

8.3%

FNMA$6,000,000

5.0%

First Citizens$2,4720.0%

First National$19,060,417

15.8%First Tennessee$10,844,756

9.0%NCCMT

$20,494,27017.0%

Pinnacle Bank$3,068,212

2.6%

Select Bank$3,523,042

2.9%Southern Bank$6,010,009

5.0%

Union Bank$3,003,125

2.5%

Investments by Issuer

$120,300,965

Certificates of Deposit

$8,000,0006.6%

NCCMT$20,494,270

17.0%

Checking Accounts$3,817,092

3.3%

Money Market Accounts

$57,534,60347.8%

Federal Agencies$30,455,000

25.3%

Investments by Type

$120,300,965

Federal Farm Credit Bank, $6,000,000,

19.7%

Federal Home Loan Bank$8,500,000

27.9%

Federal Home Loan Mortgage

Corp.$9,955,000

32.7%Federal National Mortgage Assoc.

$6,000,00019.7%

Federal Agencies by Issuer

$30,455,000

Bank of America$20,022,670

34.8%

First Citizens$2,3720.0%

First National$14,060,417

24.4%

First Tennessee$10,344,756

18.0%

Pinnacle Bank$1,068,212

1.9%

Select Bank$3,023,042

5.3%

Southern Bank$6,010,009

10.4%

Union Bank$3,003,125

5.2%

Money Market Accounts by Issuer

$57,534,603

19

Cash and Investment ReportDecember 31, 2017

0.000%0.200%0.400%0.600%0.800%1.000%1.200%1.400%1.600%

91 Day T Bill NCCMT GUC

Yield ComparisonCurrent Month Prior Month

0.00%

25.00%

50.00%

75.00%

100.00%

0‐30 31‐90 91‐180 181‐365

366‐730

731‐1095

1096‐1825

Days to MaturityPercent of Portfolio

Current Month Prior Month

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

Portfolio by IssuerCurrent Month Prior Month

20

GUC InvestmentsSummary by IssuerDecember 31, 2017

% of Portfolio

Average Daysto Maturity

ParValueIssuer

Number ofInvestments

AverageYTM 365Market Value

Bank of America 23,839,662.42 19.85 0.6302 123,839,662.42

First Citizens Bank 2,471.53 0.00 0.0482 12,471.53

Federal Farm Credit Bank 5,956,021.50 4.96 1.28612 4236,000,000.00

Federal Home Loan Bank 8,455,289.50 7.04 1.46216 5638,500,000.00

Federal Home Loan Mort Corp 9,882,112.93 8.23 1.48020 6359,955,000.00

First National Bank 19,060,416.81 15.87 1.0472 8419,060,416.81

Federal National Mort Assoc 5,936,094.00 4.94 1.45812 7366,000,000.00

First Tennessee Bank 10,844,756.48 9.03 0.7912 2310,844,756.48

N C Capital Management Trust 20,494,270.09 17.07 1.1582 120,494,270.09

Pinnacle Bank 3,068,211.82 2.56 0.6962 163,068,211.82

Select Bank & Trust Co. 3,523,042.24 2.93 0.7572 183,523,042.24

Southern Bank & Trust Co. 6,010,008.64 5.01 0.8501 16,010,008.64

Union Bank 3,003,124.89 2.50 0.5001 13,003,124.89

Total and Average 76 120,075,482.85 100.00 1.017 167120,300,964.92

Portfolio GUCCP

Run Date: 01/08/2018 - 12:23 SI (PRF_SI) 7.1.1Report Ver. 7.3.3b21

YTM365

Page 1

Par Value Book ValueMaturity

DateStated

RateMarket Value

December 31, 2017Portfolio Details - Investments

AverageBalanceIssuer

Portfolio ManagementGUC Investments

Days toMaturity

YTM360 CUSIP Investment #

PurchaseDate

Certificates of Deposit - Bank1.740First National Bank931 5,000,000.00 5,000,000.00 11/16/20181.74010/16/2017 5,000,000.00 1.716SYS931 3191.650First Tennessee Bank762 500,000.00 500,000.00 04/28/20191.65004/28/2014 500,000.00 1.627SYS762 4820.800Pinnacle Bank918 2,000,000.00 2,000,000.00 01/25/20180.80007/25/2017 2,000,000.00 0.789SYS918 241.100Select Bank & Trust Co.934 500,000.00 500,000.00 05/01/20181.10011/01/2017 500,000.00 1.085SYS934 120

8,000,000.00 1.4398,000,000.008,000,000.008,000,000.00Subtotal and Average 1.459 243

NC Capital Management Trust

1.140N C Capital Management Trust33 1,175,867.42 1,175,867.42 1.1401,175,867.42 1.124SYS33 11.159N C Capital Management Trust745 19,318,402.67 19,318,402.67 1.15919,318,402.67 1.143SYS745 1


Passbook/Checking Accounts

0.000Bank of America735 3,816,991.98 3,816,991.983,816,991.98 0.000SYS735 10.001First Citizens Bank706 100.00 100.00 0.00107/01/2017 100.00 0.001SYS706 1


Money Market Accounts

0.750Bank of America733 20,022,670.44 20,022,670.44 0.75020,022,670.44 0.740SYS733 10.050First Citizens Bank704 2,371.53 2,371.53 0.0502,371.53 0.049SYS704 10.800First National Bank899 14,060,416.81 14,060,416.81 0.80014,060,416.81 0.789SYS899 10.750First Tennessee Bank788 10,344,756.48 10,344,756.48 0.75010,344,756.48 0.740SYS788 10.500Pinnacle Bank915 1,068,211.82 1,068,211.82 0.5001,068,211.82 0.493SYS915 10.700Select Bank & Trust Co.916 3,023,042.24 3,023,042.24 0.70007/01/2017 3,023,042.24 0.690SYS916 10.850Southern Bank & Trust Co.917 6,010,008.64 6,010,008.64 0.85007/01/2017 6,010,008.64 0.838SYS917 10.500Union Bank927 3,003,124.89 3,003,124.89 0.50009/26/2017 3,003,124.89 0.493SYS927 1


Federal Agency Coupon Securities

1.210Federal Farm Credit Bank849 500,000.00 500,000.00 12/06/20181.21006/06/2016 496,627.50 1.1933133EGBV6 3391.043Federal Farm Credit Bank868 500,000.00 499,875.00 09/06/20181.03009/06/2016 497,668.00 1.0283133EGTH8 2481.033Federal Farm Credit Bank875 500,000.00 499,970.00 09/06/20181.03009/13/2016 497,668.00 1.0193133EGTH8 2481.014Federal Farm Credit Bank877 500,000.00 499,860.00 10/12/20181.00010/18/2016 497,199.50 1.0003133EGYD1 2841.215Federal Farm Credit Bank884 500,000.00 499,275.00 02/22/20191.15011/17/2016 494,776.00 1.1983133EFYS0 4171.375Federal Farm Credit Bank890 500,000.00 500,000.00 06/06/20191.37512/06/2016 495,526.00 1.3563133EGN76 5211.390Federal Farm Credit Bank900 500,000.00 500,000.00 04/17/20191.39004/17/2017 496,791.00 1.3713133EHFP3 4711.400Federal Farm Credit Bank904 500,000.00 500,000.00 05/15/20191.40005/15/2017 496,750.50 1.3813133EHJG9 4991.455Federal Farm Credit Bank910 500,000.00 496,325.00 07/12/20191.08007/14/2017 493,332.50 1.4353133EGLC7 5571.480Federal Farm Credit Bank913 500,000.00 500,000.00 08/01/20191.48008/01/2017 496,049.50 1.4603133EHTF0 577

Portfolio GUCCP

Run Date: 01/08/2018 - 12:20 PM (PRF_PM2) 7.3.0

Report Ver. 7.3.3b22

YTM365

Page 2


DateStated

RateMarket Value




Days toMaturity


PurchaseDate

Federal Agency Coupon Securities1.324Federal Farm Credit Bank921 500,000.00 499,600.00 10/22/20181.25009/19/2017 497,899.50 1.3063133EDZC9 2941.500Federal Farm Credit Bank922 500,000.00 499,320.00 09/11/20191.43009/19/2017 495,733.50 1.4793133EHXT5 6181.000Federal Home Loan Bank840 500,000.00 500,000.00 02/16/20181.00002/16/2016 499,857.50 0.9863130A77L3 461.000Federal Home Loan Bank844 500,000.00 500,000.00 05/09/20181.00005/09/2016 498,645.50 0.9863130A7S63 1280.598Federal Home Loan Bank864 500,000.00 500,000.00 11/23/20181.00008/23/2016 496,017.00 0.5893130A8Y98 3261.000Federal Home Loan Bank871 500,000.00 500,000.00 09/21/20181.00009/21/2016 497,515.50 0.9863130A97M7 2631.100Federal Home Loan Bank876 500,000.00 500,000.00 09/21/20181.10009/21/2016 497,736.50 1.0853130A9AC5 2631.500Federal Home Loan Bank906 500,000.00 500,000.00 06/28/20191.50006/28/2017 496,856.50 1.4793130ABKQ8 5431.450Federal Home Loan Bank908 500,000.00 500,000.00 06/28/20191.45006/28/2017 495,969.00 1.4303130ABJK3 5431.500Federal Home Loan Bank911 500,000.00 500,000.00 07/25/20191.50007/25/2017 496,316.00 1.4793130ABRF5 5701.500Federal Home Loan Bank919 500,000.00 500,000.00 09/27/20191.50009/27/2017 495,374.00 1.4793130ACCS1 6341.600Federal Home Loan Bank923 500,000.00 500,000.00 10/23/20191.60010/23/2017 496,065.00 1.5783130ACHR8 6601.496Federal Home Loan Bank924 500,000.00 500,000.00 06/28/20191.50009/29/2017 496,852.50 1.4763130ACJ96 5431.500Federal Home Loan Bank929 500,000.00 500,000.00 04/17/20191.50010/17/2017 497,735.50 1.4793130ACJF2 4711.950Federal Home Loan Bank930 1,000,000.00 1,000,000.00 11/05/20201.95010/30/2017 994,232.00 1.9233130ACLP7 1,0392.000Federal Home Loan Bank936 500,000.00 500,000.00 12/11/20202.00012/11/2017 497,811.00 1.9733130ACU36 1,0751.800Federal Home Loan Bank937 500,000.00 500,000.00 12/13/20191.80012/13/2017 498,576.00 1.7753130ACVE1 7111.903Federal Home Loan Bank938 500,000.00 499,975.00 12/19/20191.90012/19/2017 499,730.00 1.8763130AD4U3 7171.000Federal Home Loan Mort Corp848 500,000.00 500,000.00 05/25/20181.00005/25/2016 498,896.50 0.9863134G9KU0 1441.050Federal Home Loan Mort Corp859 500,000.00 500,000.00 07/27/20181.05007/27/2016 498,297.00 1.0363134G9Q67 2071.000Federal Home Loan Mort Corp860 500,000.00 500,000.00 07/27/20181.00007/27/2016 498,017.00 0.9863134G9N60 2071.493Federal Home Loan Mort Corp866 500,000.00 500,000.00 08/24/20201.00008/24/2016 495,024.50 1.4723134G96B8 9661.100Federal Home Loan Mort Corp869 500,000.00 500,000.00 09/13/20181.10009/13/2016 497,709.00 1.0853134GAGF5 2551.100Federal Home Loan Mort Corp870 500,000.00 500,000.00 09/13/20181.10009/13/2016 497,709.00 1.0853134GAGF5 2552.000Federal Home Loan Mort Corp882 500,000.00 500,000.00 12/30/20212.00012/30/2016 492,552.50 1.9733134GAYV0 1,4592.000Federal Home Loan Mort Corp883 500,000.00 500,000.00 12/30/20212.00012/30/2016 492,552.50 1.9733134GAYV0 1,4592.050Federal Home Loan Mort Corp887 455,000.00 455,000.00 12/30/20212.05012/30/2016 447,422.43 2.0223134GAZR8 1,4591.375Federal Home Loan Mort Corp896 500,000.00 500,000.00 02/28/20191.37503/20/2017 497,127.50 1.3563134GA6H2 4231.450Federal Home Loan Mort Corp898 500,000.00 500,000.00 04/26/20191.45004/26/2017 496,762.50 1.4303134GBFT4 4801.400Federal Home Loan Mort Corp903 500,000.00 500,000.00 04/26/20191.40004/27/2017 496,381.50 1.3813134GBGS5 4801.442Federal Home Loan Mort Corp905 500,000.00 500,000.00 05/28/20191.45005/30/2017 496,254.00 1.4223134GBNZ1 5121.500Federal Home Loan Mort Corp909 500,000.00 500,000.00 07/26/20191.50007/26/2017 496,049.50 1.4793134GBWP3 5711.600Federal Home Loan Mort Corp912 500,000.00 500,000.00 07/26/20191.60007/26/2017 497,383.50 1.5783134GBYS5 5711.500Federal Home Loan Mort Corp920 500,000.00 500,000.00 09/27/20191.50009/27/2017 496,125.00 1.4793134GBG30 6341.500Federal Home Loan Mort Corp925 500,000.00 500,000.00 09/27/20191.50009/27/2017 496,048.50 1.4793134GBJ52 6341.650Federal Home Loan Mort Corp928 500,000.00 500,000.00 10/30/20191.65010/30/2017 497,067.50 1.6273134GBR61 6671.700Federal Home Loan Mort Corp932 500,000.00 500,000.00 11/27/20191.70011/27/2017 497,066.00 1.6773134GBV41 6951.750Federal Home Loan Mort Corp935 500,000.00 500,000.00 11/27/20191.75011/27/2017 497,667.00 1.7263134GBW40 695

Portfolio GUCCP

Run Date: 01/08/2018 - 12:20 PM (PRF_PM2) 7.3.0

23

YTM365

Page 3


DateStated

RateMarket Value




Days toMaturity


PurchaseDate

Federal Agency Coupon Securities1.400Federal National Mort Assoc850 500,000.00 500,000.00 06/21/20191.40006/21/2016 495,501.00 1.3813136G3RM9 5361.375Federal National Mort Assoc851 500,000.00 500,000.00 06/21/20191.37506/21/2016 495,758.00 1.3563136G3RD9 5361.000Federal National Mort Assoc858 500,000.00 500,000.00 10/26/20181.00007/26/2016 496,878.50 0.9863136G3J22 2980.900Federal National Mort Assoc861 500,000.00 500,000.00 07/27/20180.90008/08/2016 497,849.50 0.8883136G3G74 2071.406Federal National Mort Assoc865 500,000.00 500,000.00 11/24/20201.12508/24/2016 488,807.00 1.3873136G3Y74 1,0581.434Federal National Mort Assoc880 500,000.00 499,500.00 11/25/20191.40011/25/2016 494,086.50 1.4153136G4GU1 6931.405Federal National Mort Assoc881 500,000.00 499,925.00 11/25/20191.40011/25/2016 494,086.50 1.3863136G4GU1 6931.500Federal National Mort Assoc885 500,000.00 500,000.00 02/26/20201.50011/30/2016 494,063.00 1.4803136G4HH9 7861.500Federal National Mort Assoc886 500,000.00 500,000.00 02/26/20201.50011/30/2016 494,063.00 1.4803136G4HH9 7861.625Federal National Mort Assoc889 500,000.00 500,000.00 12/30/20191.62512/30/2016 494,333.00 1.6033136G4JZ7 7281.700Federal National Mort Assoc892 500,000.00 500,000.00 01/27/20201.70001/27/2017 495,422.00 1.6773135G0S53 7562.250Federal National Mort Assoc926 500,000.00 500,000.00 10/27/20222.25010/27/2017 495,246.00 2.2193136G4PV9 1,760


1.003117,650,403.69 120,300,964.92 1.017 167120,075,482.85 120,294,589.92Total and Average

Portfolio GUCCP

Run Date: 01/08/2018 - 12:20 PM (PRF_PM2) 7.3.0

24

Item: Consideration of Amendment of 2018 GUC Meeting Schedule

Contact:

Tony Cannon

Explanation: The GUC meeting schedule for 2018 was approved at the November 2017 Board Meeting. Due to a scheduling conflict, it is necessary to move the March 5, 2018 Finance/Audit Committee to March 6, 2018. A copy of the proposed amended 2018 GUC Meeting Schedule is attached for review.

Fiscal Note: N/A

Recommended

Action(s): Approve the Amendment to the 2018 GUC Meeting Schedule as presented.


Amended 1.18.18

January 2018 – December 2018 GUC Calendar (Board)

January 18 12:00 GUC Meeting February 15 12:00 GUC Meeting

19 6:00 GUC/COG Joint Meeting March 6 12:00 Finance/Audit Committee Meeting

15 12:00 GUC Meeting – Presentation on Preliminary Draft Budget, Five-year Capital Plans and Finance/Audit Committee Recommendation April 19 12:00 GUC Meeting – Adopt FY 18-19 preliminary budget 23 6:00 GUC/COG Joint Meeting May 10 6:00 City Council Meeting - Presentation of FY 18-19

GUC balanced budget

17 12:00 GUC Meeting – Adopt end-of-year budget amendments

June 11 6:00 City Council Meeting - Public Hearing FY 18-19 Budget and FY 17-18 Budget Amendment

14 12:00 GUC Meeting – Adopt final budget for FY 18-19 14 6:00 City Council Meeting - Adopt FY 18-19 Budget and

FY 17-18 Budget Amendments July 19 12:00 GUC Meeting August 16 12:00 GUC Meeting September 20 12:00 GUC Meeting 24 6:00 GUC/COG Joint Meeting October 18 12:00 GUC Meeting November 15 12:00 GUC Meeting December 20 12:00 GUC Meeting

Item: Winter Storm Grayson Recap

Contact:

Tony Cannon

Explanation: An update on Winter Storm Grayson will be provided.

Fiscal Note: N/A


No Action Required


Item: General Manager’s Report

Contact:

Tony Cannon

Explanation: 1. Informational Reading Bids, Statistical Data Report, Sewer Spill Tracking Report, and Load Management Report are attached. The Management Team will be available at the meeting to answer any questions regarding work activities. 2. Key Performance Indicators (KPIs) Attached is a list of GUC’s Tier 1 corporate Key Performance Indicators (KPIs). We have the following KPIs in the dashboard format for your review as well as the corresponding scorecard:

• Installation of New Services - Electric • Typical Monthly Bill Comparison - Sewer • Debt Service Coverage • System Losses - Gas

3. Commendations 4. Semi-Annual Report on Disposal of Surplus Property 5. Other

N/A

Fiscal Note: N/A


No Action Required


Dec-17

This

Month

Same Month

Last Year % Change

Total To

Date Past 12

Months

Total To Date

Prior Past 12

Months % Change

ENVIRONMENT

High Temperature, F 72 77

Low Temperature, F 18 20

Degree Days Heating 660.5 629.0 2,537.5 2,798.5

Degree Days Cooling 0 0.0 2,067.0 2,179.5

Rainfall, Inches 3.41 2.85 50.19 69.89

River Level-Mean Sea Level

High, FT 4.6 6.2

Low, FT -0.1 2.4

Average FT 1.4 3.2

ELECTRIC

Peak Demand, KW 260,576 253,577

Demand Reduction, KW 63,000 62,550

KWH Purchased (x1000) 152,001 142,994 6.3% 1,764,830 1,763,327 0.1%

KWH Billed (x1000) 137,263 130,927 4.8% 1,700,459 1,717,934 -1.0%

System Losses, Percent 3.65% 2.57%

Average Cost/KWH $0.0698 $0.0748

NATURAL GAS

MCF Purchased 458,429 409,109 12.1% 3,167,674 3,172,420 -0.1%

MCF Billed 372,306 336,320 10.7% 3,059,494 3,033,654 0.9%


Average Cost/MCF 5.33 4.67

WATER

Peak Day, MG 14.730 16.326

Average Day, MG 13.243 13.893

Total Pumped, MG 410.541 430.692 -4.7% 4,673.5 4,614.2 1.3%

Total Billed, MG 382.300 357.400 7.0% 4,054.5 4,005.6 1.2%


WASTEWATER

Peak Day, MG 12.99 9.44

Average Day, MG 8.53 8.48

Total Flow, MG 264.37 262.79 0.6% 3,385.60 4,094.12 -17.3%

CUSTOMER ACCOUNTS

Active Services E/W/G 125,830 125,148 0.5%

Meters Repaired 333 75 344.0% 3,764 1,826 106.1%

KW = Kilowatts

KWH = Kilowatthours

MCF = Thousand Cubic Feet

MG = Million Gallons

STATISTICAL DATA


No. Date of Report Location Volume Surface Reportable Cause of Spill Corrective

Spill Date Upstream Downstream Gallons Water Name Volume Yes/No Req'd. Issued Req'd. Issued Action

Gallons

1 03/06/17 03/09/17 427 W. 3rd. Street in Back Yard 7M-100 7M-100 3900 Yes Tar River 900 Yes No No No Debris 1c

2 04/19/17 04/24/17 1218 Allen Road. (Holly Glen Apts.) N/A N/A 20 No No No No No Roots 1d

3 10/31/17 11/03/17 MH 6M-113 behind Treybrook Apts 6M-113 6M-113 950 No No No No No Other (Pump failure at

Westside PS)

1f

4 12/05/17 12/06/17 MH 5B-005 in front of 2118 Warren Drive 5B-005 5B-005 25 No No No No No Debris 1c

Note: No spills in January, February, May, June, July, August, September and November

Summary Total Number of Spills = 4(1 Reportable;3 Non-Reportable)

Total Spill Volume = 4895 gals or 0.0001% of Total Wastewater Flow

Cause Number of Each Volume (gals.)

a. Grease 0 0 b. Contractor Damage/Error 0 0c. Debris 2 3,925 d. Roots 1 20 e. Pipe Failure 0 0 f. Other 1 950

Corrective Action Code1. Permanent Repair2. Cleared Blockage & Priority Cleaning Scheduled

Notice of Discharge If yes, where?Manholes

Spill Analysis

Water Resources Department

Sewer Spill Tracking Report

January 2017-December 2017

News Release


LOAD MANAGEMENT REPORT

December, 2017

The DEP monthly peak occurred on December 29, 2017 for the hour ending at 8:00 A.M. Our load management system was in full operation during this period with the following estimated reductions observed:

EstimatedEstimated AvoidedKW Load Demand

Reduction CostsDirect Load Control:

Voltage Adjustment @ Stage 3 (4.6%) 8,800 $165,440Air Conditioning Demand Reduction 0 $0Water Heater Demand Reduction 14,200 $266,960Heat Pump/Heat Strip Demand Reduction 6,500 $122,200GUC Generator Reduction: 14,326 $269,329

Interruptible Load Control:MGS-CP & LGS-CP Customer Generators 16,425 $308,790Other Industrial Customer Curtailments 2,705 $50,850

Total Load Control: 62,956 $1,183,569

NCEMPA Shifted Peak Credit:Power Agency Policy Credit forContribution to Shifted Peak

Total Load Reduction and Avoided Costs: 62,956 $1,183,569

Additional Notes and Comments:

1) Duke Energy Progress (DEP) System Peak: 11,964 MW2) GUC Coincident Peak (Less Winterville Demand): 260,576 KW3) Local Temperature at Coincident Peak, per PGV: 19 Degrees F4) Local "Feels Like" Temperature at Coincident Peak, per PGV: 19 Degrees F5) Applicable NCEMPA Demand Rate Charge: $18.80 Per KW

• Hours Worked Without a Lost Workday Injury

• Restricted Workday Injuries Per 200,000 Hours Worked

• Capital Spending Ratio

• Degree of Asset Depreciation

Tier 1: Corporate Key Performance Indicators (KPI)

• Customer Satisfaction

• Billing Process Accuracy

• Installation of New Services

• Duration of Electric Interruptions (CAIDI)

• Duration of Electric Interruptions (SAIDI)

• Frequency of Interruptions in Service – Electric (SAIFI)

• Response Time to Unplanned Electric Outages

• Response Time to Cut Gas Lines/Leaks

• Response Time to Water Leaks/Breaks

• Typical Monthly Bill Comparisons

• Overtime Costs

• Bond Rating

• Days Operating Cash On Hand

• Debt Service Coverage

• Fund Balance (available for appropriation)

• Net Margin

• Return on Assets

• Return on Equity

• Connections Per Employee

• Operating Cost Per Customer

• System Losses – Electric

• System Losses – Gas

• System Losses – Water

• Disruption of Service – Water

• Preventable Vehicle Accident Rate

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GUC PERFORMANCE MEASURES

1

Revised: 1/25/12

Performance Management Scorecard Customer

Corporate Objective 16 Improve Customer Satisfaction

Measure Install New Service

Tier 1 Rationale: Measures the timeliness of providing GUC customers with new service

Accountability: Electric, Gas and Water Resources Frequency: Monthly

DESCRIPTION: Percentage of time when new service is installed within the target time frame. Target for new electric service is 3 days from completion of the application, inspection and occupancy approval. Target for new gas service is 14 days. Target for a new water tap is 6 business days.

NUMERATOR: Number of new services installed with the target

DENOMINATOR: Total number of new services installed

TARGET: 90% DATA SOURCE(S): CIS System


2

Revised: 1/25/12

Performance Management Scorecard Financial

Corporate Objective 14 Lowest Reasonable Rates

Measure Typical Bill Comparison – Residential Sewer

Tier 1 Rationale: Used to measure the competitiveness of GUC’s typical residential sewer bills against similar utilities

Accountability: Finance Frequency: Quarterly

DESCRIPTION: The typical monthly sewer bill for residential users based on 6,000 gallons of water is compared against similar sewer utilities. This is monitored on a quarterly basis to determine if GUC residential sewer rates are competitive with other sewer utility providers. The target is to be at or below the median of the benchmarked utilities.

NUMERATOR: Typical monthly residential sewer bill for 6,000 gallons of water

DENOMINATOR: N/A

TARGET: At or below the median DATA SOURCE(S): Utility benchmark data


3

Revised: 1/25/12

Performance Management Scorecard Financial

Corporate Objective 15 Improve Financial Performance

Measure Debt Service Coverage

Tier 1 Rationale: Used to measure GUC’s ability to meet its annual debt service obligations

Accountability: Finance Frequency: Annual

DESCRIPTION:

Debt Service Coverage is an annual measure used to monitor the ability to meet annual debt service obligations. It measures the ratio of operating revenues versus debt service. The minimum levels stipulated in our bond covenants are 1.0 for all debt and 1.25 for parity debt.

NUMERATOR: Net Revenues: (Operating revenues + interest income + misc. income) - (total operating expenses - depreciation – unfunded OPEB expense)

DENOMINATOR: Total annual debt service (principal and interest)

TARGET: 1.25 for all debt 1.75 for parity debt DATA SOURCE(S): Annual financial report


4

Revised: 1/25/12

Performance Management Scorecard Internal Business Processes

Corporate Objective 10 Ensure Efficiency, Safety and Reliability of Services

Measure System Losses – Gas

Tier 1 Rationale: Measures the annual system losses.

Accountability: Gas Frequency: Annual

DESCRIPTION: System Losses – Gas measures the annual system losses which are reported monthly utilizing a Rolling 12 Month Average as performance measurement.

NUMERATOR: Total volume of gas bill

DENOMINATOR: Total volume of gas delivered

TARGET: 1.5 percent DATA SOURCE(S): Excel Spreadsheet

COMPLIMENT RECORD

Date: January 8, 2018

Received By: Kristen Jarman, Staff Support Specialist III

Customer’s Name: Pam Haas

Remarks: Ms. Haas called to thank the guys who came out last night and restored her power.

Employee Name: James Forrest, Jr., Line Clearing Coordinator Jeffrey Williams, Troubleshooter Crew Leader Earl Harris, Lineworker Second Class Jason Smith, Lineworker Second Class

From: Brad Williams Sent: Tuesday, December 19, 2017 8:23 PM To: Scott Mullis Subject: The Quality of the Energy Services Department at GUC. Dear Sir, The three gentleman Jonathan Sergeant, Seth Shoneman and Jim are an asset to Greenville Utilities Commission, in its missions of providing excellent customer service and energy efficiency planning. They were able to accommodate my work schedule and made sure that the Insulation and HVAC replacement was smooth and successful. Employees like these three gentlemen enhance Greenville Utilities in growing, prospering, and serving this community. Thank you for providing this service to the community and for having such quality employees. Kindest regards, Brad Williams

Jonathan Sergeant, Energy Services Officer Seth Shoneman, Energy Services Officer Jim Rapin, Energy Services Officer

COMPLIMENT RECORD

Date: 12/21/2017 Received By: Scott Mullis, Assistant Director of Customer Relations Customer’s Name: Mr. Mark Lewis Date of Incident: 12/20/2017 Remarks: Mr. Lewis called to compliment Jim Rapin, Jonathan Sergeant, and Seth Shoneman for providing excellent customer service when he responded to a water leak at his home. He stated that he really appreciated the three of them and that they are great people.

Jonathan Sergeant, Energy Services Officer Seth Shoneman, Energy Services Officer Jim Rapin, Energy Services Officer

Greenville Utilities Commission, NC Semi-Annual Report on Disposal of Surplus Property

Date range: 07/01/2017 – 12/31/2017

Greenville Utilities utilizes GovDeals, an internet based government surplus sales auction to dispose of surplus property as well as Greenville Auto Auction in Greenville, NC which sells vehicles and heavy equipment. In accordance with G.S. 160A-268 ( c ), the property disposed of between July 1, 2017 and December 31, 2017 is listed below. No action is required by the Board.

Description Sold Amount

iPad 3 Model A1403 ($110.00)* 1965 Johnson Military Trailer $350.00 1978 Parkhurst Military Trailer $350.00 1979 Stevens Military Trailer $375.00 Leonard Camper Shell ($50.00)* OTC Motor Stand $160.00 Liftmoore Crane $895.00 Mud Pump $25.00 2002 Ford Ranger Extended Cab $2,805.00 2000 Ford Ranger Extended Cab $2,601.00 Battery Charger & Plasma Cutter $255.25

MISC Rear Bumpers, Truck Lights, Light Bar $59.14 MISC Computer Mounts $30.00 MISC Rear & Side Tool Boxes $570.00 (4) Homelite Generators $520.00 Ford Ranger Engine V6 $75.00 Ford Ranger Seats/Parts $71.00 Transmission Service Machine $96.52 Ford Super Cab Step Rails $61.00 Trash Pump, Hose & Wire Reels $81.00 Ditch Witch Engine $255.00 MISC Vehicle Rack $25.00 Hydraulic Reel $40.00 Radiator & Cooler $115.05 iPad 3 Model A1403 $80.00 iPad 4 Model A1460 $130.00 iPad 4 Model A1460 $120.00 iPad 4 Model A1460 $125.00 iPad 4 Model A1460 $105.00 iPad 4 Model A1460 $130.00 iPad 4 Model A1460 $125.00 iPad 4 Model A1460 $125.00 iPad 4 Model A1460 $115.00 iPad 4 Model A1460 $141.00 iPad Mini $100.00 Leonard Camper Shell $30.00 Driveline Cover for Tractor $25.00 Lincoln 4 ton Jack $25.00 Dayton Air Operated Press $210.00

Pressure Washer $120.00 Almand Compact Backhoe $5,400.00 Amida Sign Board $100.00 Weed Trimmers and Mower $154.11

Workmaster Forklift Aerial Cage Platform $195.00 Steel Cross Arms $71.00 Misc Traffic Control Signs $605.00

Hydraulic Backfill Tamper & Ground Rod Drivers $30.00 Oasis Water Fountain Unit $75.00 Ditch Witch Pipe & Cable Locator $255.00 Streamlight Lite Boxes $35.00 Conference Chairs $35.00 File Cabinets $50.00 RackMount Server Enclosure ($40.00)* Ricoh Aficio Copier ($505.00)* Ricoh Aficio Copier $30.00 Lot of Dell Monitors $75.00 Lot of Dell Computers ($515.00)* Lot of Dell Computers $560.00 Lot of Dell Computers $450.00 Lot of Dell Monitors $100.00 Lot of Computers & Laptops $501.88 Lot of Dell Computers $285.00 Lot of Printers & Laptops $100.00 Sharp 60" Flat Screen TV $155.00 Assorted Tables $30.00 Assorted Chairs $30.00 GMC Bucket Truck $10,700.00 John Deere Gator $2,651.00 2000 Ford Ranger $300.00 2003 Ford Ranger XLT $3,000.00 2002 Ford F-150 XL $3,400.00 1993 GMC C7000 $9,500.00 1996 Ford F-250 XL $4,600.00 1999 New Holland TS100 $9,400.00 2004 Ford F-250 $1,200.00 1994 Ford F700 $4,000.00 1997 Ford F-350 XL $4,200.00 1967 Stevens Military Trailer $500.00 1997 Ford F-250 $2,900.00 1999 Ford Ranger XLT $3,200.00 2000 Ford Ranger $2,900.00 2003 Ford Ranger XLT $3,600.00 2003 Ford Ranger XLT $2,800.00

Total $89,583.95 *Bidder defaulted and a credit was issued to our account.

Revenue generated by utilizing GovDeals for the sale of surplus property is listed below:

Calendar Year Revenue Received Year 2008 $ 85,972.26 Year 2009 $ 90,001.15 Year 2010 $ 83,292.38 Year 2011 $ 106,297.20 Year 2012 $ 106,881.46

Year 2013 $ 80,010.99

Year 2014 $ 10,366.05

Year 2015 $ 158,613.46

Year 2016 $ 34,641.35

Year 2017 $ 134,668.95 Gov Deals Total $ 890,745.25

Sold to Greenville Pitt Airport 2012

$ 6,500.00

TOTAL $ 897,245.25

GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 1991

CHAPTER 861 SENATE BILL 1069

AN ACT TO AMEND AND RESTATE THE CHARTER OF THE GREENVILLE

UTILITIES COMMISSION OF THE CITY OF GREENVILLE. The General Assembly of North Carolina enacts:

Section 1. For the proper management of the public utilities of the City of Greenville, both within the corporate limits of the City and outside the said corporate limits, a commission to be designated and known as the "Greenville Utilities Commission", is hereby created and established.

Sec. 2. The Greenville Utilities Commission shall consist of eight members, six of whom shall be bona fide residents of the City of whom one shall at all times be the City Manager of Greenville, and two of whom shall be bona fide residents of Pitt County but residing outside the city limits of Greenville, and all of whom shall be customers of the Greenville Utilities Commission. Each Greenville Utilities Commissioner shall hold office for an initial term of three years and, except as set forth herein, will be automatically reappointed to a single additional term of three years, with each term of three years expiring June 30 at the end of the designated term or until reappointed or replaced by the City Council. The first appointees shall hold their offices as follows: the Greenville City Council shall appoint an individual to serve until June 30, 1995; John W. Hughes, Sr. is hereby appointed a Greenville Utilities Commissioner to serve until June 30, 1995, and shall not be eligible for a second term; Bernard E. Kane is hereby appointed a Greenville Utilities Commissioner to serve until June 30, 1995; R. Richard Miller is hereby appointed a Greenville Utilities Commissioner to serve until June 30, 1994, and shall not be eligible for a second term; and the Greenville City Council shall appoint an individual to serve until June 30, 1993; all of whom are bona fide residents of the City. William G. Blount is hereby appointed a Greenville Utilities Commissioner to serve until June 30, 1993, and shall not be eligible for a second term; and the Pitt County Board of Commissioners shall nominate an individual under the procedure established in Section 3 of this act, to be appointed by the Greenville City Council to serve until June 30, 1994; both of whom are Greenville Utilities Commission customers and bona fide residents of Pitt County residing outside the Greenville city limits.

Sec. 3. The Greenville Utilities Commissioners otherwise than as herein provided shall be appointed by the City Council at their regularly monthly meeting in June of each year. It is the intention of this charter that the City Council shall appoint Greenville Utilities Commission members who have utilities expertise. Representation should include some members with financial, engineering, environmental, technical, or

S.L. 1991-861 Senate Bill 1069

development backgrounds. The two members of the Greenville Utilities Commission residing outside the city limits shall be nominated by the Pitt County Board of Commissioners and appointed by the City Council. The City Council has the right to reject any nominee(s) from the Pitt County Board of Commissioners and to request additional nominees. If the Pitt County Board of Commissioners fails to recommend a nominee to the City Council within 60 days of the original date requested by the City Council, then the City Council may appoint any individual meeting the residency requirement. No person shall be eligible for appointment to the Greenville Utilities Commission who is an officer or employee of the City or Pitt County except that the City Manager of the City of Greenville shall at all times be a full member of the Greenville Utilities Commission. In the event a Greenville Utilities Commissioner resigns, dies, or otherwise becomes incapable of performing his or her duties, the City Council shall appoint, according to the same process described herein for regular appointments, a Greenville Utilities Commissioner to fill the unexpired term at any regular or special meeting of the City Council. Any Greenville Utilities Commissioner filling an unexpired term shall be deemed to have filled said term for the full three-year term. Except as otherwise permitted herein, no Greenville Utilities Commissioner shall serve more than two three-year terms. Greenville Utilities Commissioners filling the first three-year term will automatically fill a second three-year term unless the City Council initiates the replacement process.

Sec. 4. The Greenville Utilities Commissioners shall organize by electing one of their members Chair, whose term of office as Chair shall be for one year unless the Chair's term on the Greenville Utilities Commission shall expire earlier, in which event his or her term as Chair shall expire with the Chair's term on the Greenville Utilities Commission. The Chair shall not be entitled to vote on any proposition before the Greenville Utilities Commission except in case of a tie vote and only for the purpose of breaking the tie. The members of the Greenville Utilities Commission are authorized to fix their own salaries provided, however, that said salaries shall not exceed one hundred fifty dollars ($150.00) per month for the members and two hundred fifty dollars ($250.00) per month for the Chair provided, however, the City Council may, at its own discretion, increase these caps from time to time as is appropriate to reflect inflation, and provided, however, the City Manager shall receive no pay as a member of the Greenville Utilities Commission other than his or her salary as City Manager. The Greenville Utilities Commission shall meet at least once each month at a designated time and place unless the Chair designates some other meeting time and so notifies the other members of the Greenville Utilities Commission. The Greenville Utilities Commission and the Greenville City Council shall meet at least once each year to discuss mutual interests of the City of Greenville and the Greenville Utilities Commission. Minutes shall be kept for all regular meetings of the Greenville Utilities Commission.

Sec. 5. The Greenville Utilities Commission shall have entire supervision and control of the management, operation, maintenance, improvement, and extension of the public utilities of the City, which public utilities shall include electric, natural gas, water, and sewer services, and shall fix uniform rates for all services rendered;

Senate Bill 1069 S.L. 1991-861 Page 3

provided, however, that any person affected by said rates may appeal from the decision of the Greenville Utilities Commission as to rates to the City Council. With approval by the City Council, the Greenville Utilities Commission may undertake any additional public enterprise service which may lawfully be operated by a municipality.

Sec. 6. The Greenville Utilities Commission shall employ a competent and qualified General Manager whose duties shall be to supervise and manage the said public utilities, subject to the approval of the Greenville Utilities Commission. The General Manager, under the direction of and subject to the approval of the Greenville Utilities Commission, shall cause the said utilities to be orderly and properly conducted; the General Manager shall provide for the operation, maintenance, and improvement of utilities; the General Manager shall provide for the extension of all utilities, except sewer extensions made beyond the area regulated by the City of Greenville are subject to the approval of the City Council, and shall furnish, on application, proper connections and service to all citizens and inhabitants who make proper application for the same, and shall in all respects provide adequate service for the said utilities to the customers thereof; the General Manager shall attend to all complaints as to defective service and shall cause the same to be remedied, and otherwise manage and control said utilities for the best interests of the City of Greenville and the customers receiving service, and shall provide for the prompt collection of all rentals and charges for service to customers and shall promptly and faithfully cause said rentals and charges to be collected and received, all under such rules and regulations as the Greenville Utilities Commission shall, from time to time, adopt and in accordance with the ordinances of the City of Greenville in such case made and provided.

Sec. 7. All monies accruing from the charges or rentals of said utilities shall be deposited into the appropriate enterprise fund of the Greenville Utilities Commission and the Greenville Utilities Commission's Director of Finance shall keep an account of the same. The Greenville Utilities Commission shall at the end of each month make a report to the City Council of its receipts and disbursements; the Greenville Utilities Commission shall pay out of its receipts the cost and expense incurred in managing, operating, improving, maintaining, extending, and planning for future improvements and expansions of said utilities; provided, however, that should the funds arising from the charges and rentals of said utilities be insufficient at any time to pay the necessary expenses for managing, operating, improving, and extending said utilities, then and in that event only, the City Council of the City of Greenville shall provide and pay into the appropriate enterprise fund of the Greenville Utilities Commission a sum sufficient, when added to the funds that have accrued from the rents and charges, to pay the costs and expenses of managing, operating, improving, maintaining, extending, and planning for future improvements and expansions of said utilities; the Greenville Utilities Commission shall pay the principal on all such funds provided by the City Council with interest thereon; provided, further, that the Greenville Utilities Commission shall annually transfer to the City, unless reduced by the City Council, an amount equal to six percent (6%) of the difference between the electric and natural gas system's net fixed assets and total bonded indebtedness plus annually transfer an amount equal to fifty percent (50%) of the Greenville Utilities Commission's retail cost of service for the City

S.L. 1991-861 Senate Bill 1069

of Greenville's public lighting. Public lighting is defined herein to mean City of Greenville street lights and City of Greenville Parks and Recreation Department recreational outdoor lighting. The preparation of a joint financial audit of the City of Greenville and the Greenville Utilities Commission operations by a single auditing firm is intended under the provisions of this charter and existing North Carolina statutes.

Sec. 8. In compliance with the time requirements of Chapter 159 of the General Statutes, the Greenville Utilities Commission shall prepare and submit to the City Council, for approval, a budget for the coming year showing its estimated revenue, expenses, capital expenditures, debt service, and turnover to the City of Greenville. In addition, the budget ordinance must identify construction projects of the Greenville Utilities Commission which include individual contracts in excess of one-half of one percent (½%) of the Greenville Utilities Commission's annual budget. City Council approval of the Greenville Utilities Commission's budget will constitute approval of projects so identified and the contracts contained therein. Contracts in excess of one-half of one percent (½%) of the Greenville Utilities Commission's annual budget not so identified and approved in the budget ordinance will require separate City Council approval.

Sec. 9. The Greenville Utilities Commission shall approve the employment and remuneration of all officers, agents, independent contractors, and employees necessary and requisite to manage, operate, maintain, improve, and extend the service of said utilities. It is, however, the intention of this Charter that the Greenville Utilities Commission and the City of Greenville will implement and maintain mutual pay plans, personnel policies, and benefits for their respective employees. The Greenville Utilities Commission may require bond in such sum as it may deem necessary, which shall be approved by the City Council, of all officers, agents, and employees having authority to receive money for the Greenville Utilities Commission. The Greenville Utilities Commission shall have the authority to name and designate a person in its employ as secretary of the Greenville Utilities Commission.

Sec. 10. The Greenville Utilities Commission shall have authority at all times to discharge and remove any officer, agent, independent contractor, or employee of the Greenville Utilities Commission.

Sec. 11. All laws and clauses of laws in conflict with this act are hereby repealed, expressly including Chapter 146 of the Public-Local Laws of 1941, entitled "AN ACT TO PROVIDE A PERMANENT UTILITIES COMMISSION FOR THE CITY OF GREENVILLE, IN PITT COUNTY, AND TO REPEAL CHAPTER TWO HUNDRED AND ELEVEN OF THE PRIVATE LAWS OF ONE THOUSAND NINE HUNDRED AND FIVE, AND AMENDMENTS THERETO, RELATING TO THE WATER AND LIGHT COMMISSION OF THE CITY OF GREENVILLE.", except that this act does not revive any act repealed by that act.

The purpose of this act is to revise the charter of the Greenville Utilities Commission and to consolidate herein certain acts concerning the Greenville Utilities Commission. It is intended to continue without interruption those provisions of prior acts which are consolidated into this act so that all rights and liabilities that have accrued are preserved and may be enforced. This act shall not be deemed to repeal,

Senate Bill 1069 S.L. 1991-861 Page 5

modify, or in any manner affect any act validating, confirming, approving, or legalizing official proceedings, actions, contracts, or obligations of any kind.

No provision of this act is intended nor shall be construed to affect in any way any rights or interest, whether public or private:

(1) Now vested or accrued in whole or in part, the validity of which might be sustained or preserved by reference to law to any provisions of law repealed by this act.

(2) Derived from or which might be sustained or preserved in reliance upon action heretofore taken pursuant to or within the scope of any provisions of law repealed by this act.

All existing ordinances of the City of Greenville and all existing rules and regulations of the Greenville Utilities Commission not inconsistent with provisions of this act shall continue in full force and effect until repealed, modified, or amended.

No action or proceeding of any nature, whether civil or criminal, judicial or administrative, or otherwise pending at the effective date of this act by or against the City of Greenville or the Greenville Utilities Commission shall be abated or otherwise affected by the adoption of this act. If any provisions of this act or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications of this act which can be given effect without the invalid provision or application, and to this end the provisions of this act are declared to be severable.

Sec. 12. This act is effective upon ratification. In the General Assembly read three times and ratified this the 7th day of July,

1992. James C. Gardner President of the Senate Daniel Blue, Jr. Speaker of the House of Representatives

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BYLAWS OF THE GREENVILLE UTILITIES COMMISSION

These Bylaws are adopted by the Greenville Utilities Commission to implement its Charter and to establish basic rules of organization, process and procedure and to provide for the efficient and effective conduct of public business for the benefit of the ratepayers. To The Extent The Terms & Conditions Of These Bylaws Conflict With the Terms & Conditions of The Charter, The Charter Shall Govern.

I. Name: The name of the Commission shall be: The Greenville Utilities Commission.

II. Individual Responsibility: Commission members have responsibility over utilities’ affairs when acting as a body appropriately called to session. To request additional information concerning the functions of the Greenville Utilities Commission, Board members should contact the General Manager/CEO.

III. Board Membership

A. Number of Members: The Greenville Utilities Commission shall consist of eight (8)

members, all appointed by the Greenville City Council. Two of these appointees are nominated by Pitt County Board of Commissioners.

B. Commission Seats: Of the eight (8) members, six (6) members shall be bona fide residents of the City of whom one shall be the City Manager of Greenville, and two of whom shall be bona fide residents of Pitt County but residing outside the city limits of Greenville, who shall be customers of the Greenville Utilities Commission.

C. Vacancies on the Commission: In the event a Greenville Utilities Commissioner

resigns, dies, or otherwise becomes incapable of performing his or her duties, at any regular or special meeting of the City Council, the City Council shall appoint, according to the same process described herein for regular appointments, a Greenville Utilities Commissioner to fill the unexpired term.

D. New members to the Board are required to participate in orientation and training

sessions as scheduled by the General Manager/CEO. Orientation shall include such activities as:

1. Workshops for new Board members conducted by the American Public Power

Association.

2. Discussions and visits with the General Manager/CEO, General Counsel, and other members of the staff.

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3. Provision of printed and audiovisual materials on Greenville Utilities Commission and copies of administrative policies and procedures.

IV. Organization

A. The Greenville Utilities Commission each year shall elect its officers on the first

regularly scheduled meeting of the Commission on or after July 1 at which a quorum is present. Meetings are scheduled for the third Thursday in each month at 12:00 noon.

B. The officers of the Commission shall be a Chair, a Chair-Elect and a Secretary, elected in that order for a term of one (1) year. The General Manager/CEO shall preside while a new Chair is being elected.

C. Vacancies in the office of Chair, Chair-Elect or Secretary occurring during the year

shall be filled by the Commission at its discretion.

V. Powers and Duties of the Board The Powers and Duties of the Board shall include but not be limited to the following: A. The Greenville Utilities Commission shall have entire supervision and control of the

management, operation, maintenance, improvement, and extension of the public utilities of the City, which public utilities shall include electric, natural gas, water, and sewer services, and shall fix uniform rates for all services rendered; provided, however, that any person affected by said rates may appeal from the decision of the Greenville Utilities Commission as to rates to the City Council. With approval by the City Council, the Greenville Utilities Commission may undertake any additional public enterprise service which may lawfully be operated by a municipality (Reference Charter Section 5).

B. The Board shall discharge its duties and responsibilities as required by its Charter or otherwise imposed by law.

C. The Board shall employ a General Manager/CEO whose duties shall be to supervise

and manage the operations of the Greenville Utilities Commission, subject to the approval of the Board of Commissioners of the Greenville Utilities Commission, as provided in Section 6 of the Charter.

D. The Board shall annually evaluate the performance of the General Manager/CEO as

its Chief Executive Officer (CEO).

E. Upon the recommendation of the General Manager/CEO, the board shall employ, an attorney to give counsel on matters of legal concern to the Greenville Utilities Commission. The attorney shall represent the Commission on most matters, except that the Commission may hire other expertise as warranted on a case by case basis. The General Manager/CEO shall annually review the performance and services of the General Counsel.

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F. The Board shall annually review its performance. An annual review may consist of a

written review and/or survey by Board members and/or a review with or by the General Manager/CEO.

VI. Duties of Officers

A. The Chair shall preside at Board meetings. The Chair, in consultation with the

Secretary and General Manager/CEO, shall review the draft agenda of regular and special meetings of the Board.

B. The Chair shall appoint committees and designate the chairs unless otherwise directed by majority vote of the Board in session.

C. The Chair, subject to the approval of the Commission, shall have the authority to

execute any official document for and on behalf of the Commission.

D. The Chair shall not be entitled to vote on any proposition before the Greenville Utilities Commission except in case of a tie vote and only for the purpose of breaking the tie.

E. The Chair shall be the official spokesperson for the Board and will make, either in

person or through the General Manager/CEO, every effort to communicate the Board’s decision to the community through the media and any other means available.

F. In the absence of the Chair, it shall be the duty of the Chair-Elect to preside at

meetings of the Board and assume authority of the Chair.

G. The Secretary shall record minutes of meetings and hearings and distribute minutes in advance for review and approval.

H. It shall be the responsibility of the Secretary to maintain official minutes and records

of Board proceedings and actions. Minutes may be examined by any interested citizen under the supervision of the Secretary or the Secretary’s designee. Consistent with the purpose of Closed Sessions, minutes of these meetings shall be separately maintained by the Secretary. Minutes of Closed Sessions may not be examined by interested citizens except as provided by law.

I. The Secretary shall be responsible for the proper maintenance of official documents

including but not limited to Board bylaws, Board policies, and Board decisions.

J. The Secretary shall discharge any other duties or responsibilities required by law or otherwise imposed upon the Secretary of the Board.

K. In the absence of the Secretary, it shall be the duty of the Chair-Elect to assume

duties of the Secretary.

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VII. Committees & Appointments

A. An Executive Committee composed of the Board Chair, Chair-Elect, Past-Chair

(when continuing to serve on the Board) and Secretary will work with the Greenville Utilities Commission staff on policy issues, represent Greenville Utilities Commission in joint discussions on potential growth and regionalization and provide for continuity of knowledge for the chair position.

B. On an annual basis, the Chair shall appoint two members to a Joint Pay & Benefits Committee to meet jointly with a City Council Joint Pay & Benefits Committee to make recommendations for employee benefits and compensation issues for the upcoming fiscal year. These two members should include at least one member (if available) that served the previous year.

C. On an annual basis, the Chair shall appoint 3–4 members to serve in conjunction

with the Board Chair, on a Finance/Audit Committee to provide “policymaker” input to staff and auditors on the enhancement or implementation of financial procedures or issues. The Chair shall designate a Chair and a Vice-Chair of the Committee.

D. On an annual basis, the Chair shall appoint 3–4 members to serve in conjunction

with the Board Chair on an Economic Development, Marketing and Public Relations Committee to provide policymaker input to staff and consultants in the development of criteria, guidelines, and strategies for the economic development of Pitt County and report to the Board of Commissioners as appropriate. The Chair shall designate a Chair and a Vice-Chair of the Committee.

E. On an annual basis, the Chair shall appoint 3-4 members to serve in conjunction with

the Board Chair on a Legal and Legislative Committee to provide policymaker input to staff on legal and legislative matters that may impact the operations and business of the Commission and report to the Board of Commissioners as appropriate. The Chair shall designate a Chair and a Vice-Chair of the Committee.

F. Ad Hoc Committees of the Board shall be appointed annually by the Chair, as

needed, and shall function until such time as their purpose has been accomplished. The Chair shall designate a Chair and a Vice-Chair of the Committee.

G. The Board shall appoint an Executive Secretary and Assistant Executive Secretary

from the staff. These positions are normally held by the Executive Assistant to the General Manager/CEO and Director of Financial Services and Accounting, respectively.

VIII. Methods of Operation

A. Board Meetings: The Board shall regularly meet on the third Thursday of each

month to consider its business. Notice of the meeting and its agenda shall be made available to the media as provided by law. Other meetings, including special sessions, emergency sessions or workshop sessions may be held as needed and must follow notification provisions as described by law.

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B. Agendas: Before actions by the Board are requested or recommended, the Board should be provided with documentation to assist members in reaching decisions consistent with established goals and policies. To request additional information, Board members shall contact the General Manager/CEO. The Agenda for regular monthly meetings shall be as follows:

1. Call to order and ascertain the presence of a quorum

2. Approval of the minutes for the previous month’s meetings

3. Any additions or deletions and acceptance of the (revised) agenda

4. Presentations of awards and recognition of outstanding achievement

5. Acceptance of the financial statement for the previous month

6. Award of Bids

7. Other items requiring action by the Board

8. Informational items

9. General Manager/CEO’s report – This portion of the meeting is set aside for the

General Manager/CEO’s reports on any item of information which he wishes to present to the Board.

10. Board Chair remarks

11. Board members’ remarks

12. Closed Session, if required

13. Notice of next regular or special meeting

14. Adjournment

C. Quorum: The Greenville Utilities Commission may only conduct business in a

regular, emergency or special meeting attended by a quorum of the Board. A quorum shall consist of five (5) Board members, who are either physically present or able to participate by telephone or video-conference or other electronic means.

D. Conduct of Meetings: Meetings shall be conducted in accordance with the Board’s Bylaws and otherwise by the most recent edition of Robert’s Rules of Order.

E. Voting: The Chair of the Board shall determine the vote of any motion by asking

each member to respond by voice vote or if necessary, a show of hands may be required.

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1. Each member of the Board, except the Chair, shall have one vote on any recommendation, motion, proposal, or any other action item coming before the Board.

2. Each member, other than the Chair, must vote unless excused by the remaining members. A member who wishes to be excused from voting shall so inform the Chair who shall take a deciding vote of the remaining members present. No member shall be excused from voting except on matters involving his/her own financial interest or official conduct. In other cases, a failure to vote by a member who is physically present or has withdrawn without being excused by a majority vote of the remaining members present, shall be recorded as an affirmative vote.

F. Closed Sessions: Closed Sessions may be called upon a motion made and adopted

at an open session for any of those permitted purposes described in Section 143-318 of the General Statutes of N.C., commonly known as the “Open Meetings Law”, as amended from time to time. The motion shall state the purpose of the Closed Session and must be approved by the vote of a majority of those members present.

G. Board Members’ Compensation and Reimbursement: Members of the Greenville Utilities Commission shall receive compensation for performance of official utility business at the rate of $200 per month. The Chair shall receive $350.00 per month. The City Council may, at its own discretion, increase these caps from time to time as is appropriate to reflect inflation. The City Manager shall receive no compensation as a member of the Greenville Utilities Commission.

H. Public Hearings: The Greenville Utilities Commission believes that from time to time

additional public opinion is necessary. This opinion is generally sought through the use of a public hearing. When such hearings are scheduled, the Greenville Utilities Commission will ensure that the date, time, and location are properly advertised well in advance of the hearing date. The Commission will receive comments and information at public hearings but not take any formal action during the public hearing. The Commission will take under advisement comments offered at the public hearing and normally consider these comments for future action.

I. Public Expression: Upon motion of any Commissioner, and approval by a majority of

the Board, any ratepayer may be allowed to address the Board within the time restrictions (and upon such other conditions) as may be set by the Chair.

IX. Change in Bylaws: These Bylaws may be amended from time to time. The procedure

for amendment is by giving notice of the proposed amendments at a regularly scheduled Board meeting. The amendments will be considered at the next regularly scheduled Board meeting and must be approved by the vote of a majority of the members.

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Adopted May 14, 1996 Revised June 11, 1996 Revised November 18, 1997

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Revised June 9, 1998 Revised October 11, 1999 Revised July 18, 2000 Revised October 16, 2007 Revised November 18, 2008 Revised September 15, 2011 Revised August 21, 2014 Revised March 19, 2015 Revised November 16, 2017

AGENDA - guc.com

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Transcript of AGENDA - guc.com