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03LOAN AGREEMENT THIS LOAN AGREEMENT dated as ofthe 1st day of September 2015 between theAlaska Municipal Bond Bank the Bank body corporate and politic constituted as an instrumentality of the State of Alaska the State exercisingpublic and essential governmental functions created pursuant to the provisions of Chapter 85 Title 44 Alaska Statutes as amended the Act having its principal place of business at Juneau Alaska and theKodiak Island BoroughAlaska duly constituted second class borough of theState the Borough WITNESSETH WHEREAS pursuant to the Act the Bank is authorized to make loans of money the Loan or Loans to governmental units and WHEREAS the Borough is Governmental Unit as defined in theGeneral Bond Resolution of the Bank hereinafter mentioned and pursuant to theAct is authorized to accept Loan from the Bank to be evidenced by its municipal bonds and WHEREAS the Borough desires to borrow money from the Bank in the aggregate amount not to exceed $10000000 and hassubmitted two applications tothe Bank for two Loans in the aggregate amount not to exceed $10000000 and the Borough has duly authorized the issuance of its General Obligation School Bond 2015 Series in the aggregate principal amount of $6210000 and General Obligation School Bond 2015 Series bond in the aggregate principal amount of $1780000 together the Municipal Bond which bonds are to be purchased by the Bank as evidence ofthe Loans in accordance with this Loan Agreement and WHEREAS the application of the Borough containsthe information requestedby the Bank and WHEREAS to provide for theissuance of bonds of the Bank in order toobtain fromtime to time money with which to make Loans the Bank has adopted the General Obligation Bond Resolution on July 132005 as amended the General Bond Resolution and SeriesResolution No 2015-04S approved on August 11 2015 together withthe General Bond Resolution the Bond Resolution authorizing the making of such Loans tothe Borough and the purchase ofthe Municipal Bond and WHEREAS theBoard of the Bank approved certainmodifications to the General Bond Resolution effective on the date when all bonds issuedunder the terms of the General Bond Resolution prior to February 192013 cease to be outstanding NOW THEREFORE the parties agree The Bank hereby makes the Loans and the Borough accepts the Loans in the aggregate principal amount of $7990000 As evidence ofthe Loans made tothe Borough and such money borrowed from the Bank by the Borough the Borough hereby sells tothe Bank the Municipal Bond in the principal amounts withthe principal installment payments and bearing interest from their dates atthe rates per annum stated in Exhibit appended hereto The Borough represents that it has duly adopted or will adopt all necessary ordinances or resolutions including Resolution Nos FY2016-05 and FY2016-06 each adopted on August 20 2015 together the Borough Resolution and hastaken or will take all proceedings required by law to enable it to enter intothis Loan Agreement and issue its Municipal Bond to the Bank and thatthe Municipal Bond will constitute general obligation bonds secured by the full faith and creditof the Borough all duly authorized by the applicable Borough Resolution Subject to any applicablelegal limitations the amounts to be paidby the Borough pursuant to this Loan Agreement representing interest due on its Municipal Bond the Municipal Bond Interest Payments shall be computed at the same rate or ratesofinterest borne by the corresponding maturities ofthe bonds sold by the Bank in order to obtain the money with which to make the Loans and to purchase the Municipal Bond the Loan Obligations and shall be paid by the Borough at least seven business days before theinterest payment date soas to provide funds sufficient to pay interest asthe same becomesdue on the Loan Obligations The amounts to be paid by the Borough pursuant to this Loan Agreement representing principal due on its Municipal Bond the Municipal Bond Principal Payments shall be paid at least seven business days beforethe payment date stated in the Municipal Bond soas to provide funds sufficient to pay the principal of the Loan Obligations asthe same matures based upon the maturity schedule stated in Exhibit appended hereto In theevent the amounts referred to in Sections and hereof to be paid by the Borough pursuant to this Loan Agreement are not made available at any time specified herein the Borough agrees that any money payable to it by any department or agency of theState may be withheld from it and paid over directly to theTrustee acting undertheGeneral Bond Resolution and this Loan Agreement shall be full warrant authority and direction to make such payment upon notice to such department or agency by the Bank with copy provided to the Borough as provided in the Act In theevent Loan Obligations have been refunded and theinterestrates the Bank is required to pay on its refunding bonds in any year are less than the interest AMBB/General Obligation and Refunding Bonds 2015 SeriesThree Loan Agreement Page I\Docs\37421742\Loan Agreement KIB.Docx rates payableby the Borough on the Municipal Bond for the correspondingyear pursuant to the terms of the Municipal Bond then both the Municipal Bond Interest Payments and the Municipal Bond Principal Payments will be adjusted in such manner that the interestrate paid by the Borough on any principal installment ofthe Municipal Bond is equal to theinterest rate paid by the Bank on the corresponding principal installment of the Banks refunding bonds and ii on present value basis the sum ofthe adjustedMunicipal Bond Interest Payments and Municipal Bond Principal Payments is equal to or less than the sum of the Municipal Bond Interest Payments and Municipal Bond Principal Payments due overthe remaining term ofthe Municipal Bond as previously establishedunder this Loan Agreement In the event of such refunding of Loan Obligations the Bank shall present to the Borough for the Boroughs approval revised schedule of principal installment amounts and interestrates for the MunicipalBondIfapprovedbytheBoroughtherevisedscheduleshallbeattachedheretoas Exhibit and incorporated herein in replacement of the previous Exhibit detailing said principal installment amounts and interest rates The Borough is obligated to pay tothe Bank Fees and Charges Such Fees and Charges actually collected from the Borough shall be in an amount sufficient together with the Boroughs Allocable Proportion as defined below of other money available therefor underthe provisions of the Bond Resolution and other money available therefor including any specific grants made by the United States of America or anyagency or instrumentality thereof or by theState or anyagency or instrumentality thereof and amounts applied therefor from amounts transferred to the Operating Fund pursuant to Section 606 of theGeneral Bond Resolution to pay as the samebecome due the Boroughs Allocable Proportion ofthe Administrative Expenses of the Bank and to pay as the same become due the Boroughs Allocable Proportion of thefees and expenses of theTrustee and payingagent for the Loan Obligations The Boroughs Allocable Proportion as used hereinshall mean the proportionate amount of the total requirement in respect to whichthe term is used determined by the ratio thatthe principal amount ofthe Municipal Bond outstanding bears to the total of all Loans then outstanding to all Governmental Units under the General Bond Resolution as certified by the Bank The waiver by the Bank of any fees payablepursuant to this Section shallnotconstitute subsequent waiver thereof The Borough is obligated to make the Municipal Bond Principal Payments scheduled by the Bank The first such Municipal Bond Principal Payment is due atleast seven business days prior to thedate indicated on Exhibit appended hereto and thereafter on the anniversary thereof each year The Borough is obligated to make the AMBB/General Obligation and Refunding Bonds 2015 SeriesThree Loan Agreement Page I\Docs\37421742\Loan Agreement KIB Docx Municipal Bond Interest Payments scheduled by the Bank on semi-annual basis commencing seven business days prior to the date indicated on Exhibit appended hereto and to payany Fees and Chargesimposed by the Bank within 30 days of receiving theinvoiceof the Bank therefor TheBank shall not sell and the Borough shall not redeem prior to maturity any portion ofthe Municipal Bond in an amount greater than the Loan Obligations which arethen outstanding and which are then redeemable and in the event of any such sale or redemption the same shall be in an amount not less than the aggregate of the principal amount of the Municipal Bond or portion thereof to be redeemed ii the interestto accrue on the Municipal Bond or portion thereof to be redeemed to the next redemption datethereof not previously paid iii the applicable premium if any payable on the Municipal Bond or portion thereof to be redeemed and iv thecost and expenses of the Bank in effecting the redemption ofthe Municipal Bond or portion thereof to be redeemed The Borough shall give the Bank at least 50 days noticeof intention to redeem its Municipal Bond In the eventthe Loan Obligations with respect to which the saleor redemption prior to maturity of such Municipal Bond is being made have been refunded and the refunding bonds of the Bank issued for the purpose of refunding such Loan Obligations were issued in principal amount in excess of or less than the principal amount of the Municipal Bond remainingunpaid at thedate of issuance of such refunding bonds the amount whichthe Borough shall be obligated to pay or the Bank shallreceive under item above shall be the principal amount of such refunding bonds outstanding In the event the Loan Obligations have been refunded and theinterest the Bank is required to pay on the refunding bonds is less thanthe interest the Bank was required to pay on the Loan Obligations the amount whichthe Borough shall be obligated to pay or the Bank shallreceive under item ii above shall be the amount of interest to accrue on such refunding bonds outstanding In theeventthe Loan Obligations have been refunded the amount which the Borough shall be obligated to pay orthe Bank shall receive under item iii above when the refunded Loan Obligations are to be redeemed shall be the applicable premium if any on the Loan Obligations to be redeemed Nothing in this Section shall be construed as preventing the Borough from refunding the Municipal Bond in exchange for new Municipal Bond in conjunction with refunding of the Loan Obligations 10 Simultaneously withthe delivery of the Municipal Bond to the Bank the Borough shallfurnish to the Bank evidence satisfactory to the Bank which shallset AMBB/General Obligation and Refunding Bonds 2015 SeriesThree Loan Agreement PageI\Docs\37421742\Loan Agreement KIB.Docx forth among other things thatthe Municipal Bond will constitute valid and binding general obligation ofthe Borough secured by the full faith and creditofthe Borough 11 Invoices for payments under this Loan Agreement shall be addressed to theKodiak Island Borough Attention Finance Director 710 Mill Bay Road Kodiak Alaska 99615 The Borough shall give the Bank and the corporate trust officeof the Trusteeunder the General Bond Resolution atleast 30 days writtennoticeof any change in such address 12 The Borough hereby agrees to keep and retain until the date six years afterthe retirement of the Municipal Bond or any bond issued to refund the Municipal Bond or such longerperiod as may be required by the Boroughs record retention policies and procedures records with respect to the investment expenditure and use of the proceeds derived from the saleof its Municipal Bond including without limitation records schedules bills invoices check registers cancelled checks and supporting documentation evidencing use of proceeds and investments and/or reinvestments of proceeds The Borough agrees that all records required by the preceding sentence shall be made availableto the Bond Bank upon request 13 Prior to payment of the amount ofthe Loans or any portion thereof and the delivery ofthe Municipal Bond tothe Bank or its designee the Bank shall have the right to cancel all or any part of its obligations hereunder if Any representation warranty or other statement made by the Borough to the Bank in connection with its applications to the Bank for the Loans shall be incorrector incomplete in any material respect The Borough has violated commitments made by it in the terms of this Loan Agreement The financial position of the Borough has in the opinion of the Bank suffered materially adverse change between the date of this Loan Agreement and thescheduled time of delivery ofthe Municipal Bond to the Bank 14 The obligation of the Bank under this Loan Agreement is contingent upon delivery of its General Obligation Bonds 2015 Series Three and receipt ofthe proceeds thereof 15 The Borough agrees that it will provide the Bank withwrittennoticeof any default in covenants under the Borough Resolution within thirty 30 days from the date thereof AMBB/General Obligation and Refunding Bonds 2015 SeriesThree Loan Agreement Page I\Docs\37421742\Loan Agreement KIB Dccx 16 The Borough agrees that it shall fileits annual financial statement withthe Municipal Securities Rulemaking Board not later than two hundred ten 210 days after the end of each fiscal year of the Borough for the term ofthe Municipal Bond The Borough further agrees that filings under this Section 16 shall be made in connection with CUSIP Nos 01179P 011798 and 01179R Additional or alternate CUSIP numbers may be added fromtime to time by writtennotice from the Bank to the Borough The Borough agrees that if it shall receive from the Bank CUSIP numbers in addition to those set forth in this Sectionthen it shall make its filings using both CUSIP numbers hereinstated and any additional CUSIP numbers 17 The Borough agrees that it shall not take or omit to take any actionlawful and within its power to take which action or omission would cause interest on the Municipal Bond to become subject tofederal income taxes in addition to federal income taxes to which interest onsuch Municipal Bond is subject on thedate of original issuance thereof The Borough shall not permit any ofthe proceeds ofthe Municipal Bond or any facilities financed with such proceeds to be used in any manner that would cause the Municipal Bond to constitute private activity bond within the meaning of Section 141 of the Code The Borough shall make no use or investment ofthe proceeds of the MunicipalBondwhichwillcausetheMunicipalBondtobeanarbitragebondunderSection148 of the Code So long asthe Municipal Bond is outstanding the Borough shall comply with all requirements ofsaid Section 148 and all regulations ofthe UnitedStates Department of Treasury issued thereunder to theextent that such requirements are at the time applicable and in effect The Borough shall indemnify and hold harmless the Bank from any obligation ofthe Borough to make rebate payments tothe United States under said Section 148 arising from the Boroughs use or investment of the proceeds of the Municipal Bond 18 Upon request of the Bank the Borough agrees that if its bonds constitute ten percent 10%or more of the outstanding principal of municipal bonds held by the Bank under its General Bond Resolution it shall execute continuing disclosure agreement prepared by the Bank for purposes ofSecurities and Exchange Commission Rule 15c2-12 adopted underthe Securities and Exchange Act of 1934 19 The Borough agrees that if its bonds constitute ten percent 10%or more of the outstanding principal of municipal bonds held by the Bank under its General Bond Resolution it shall provide the Bank for inclusion in future official statements upon request financialinformation generally of the type included in Appendix under the heading Summaries of Borrowers Representing 10%or More of Outstanding Principal AMBB/General Obligation and Refunding Bonds 2015 Series Three Loan Agreement PageI\Docs\37421742\Loan Agreement KIB.Docx of Bonds Issued Under the 2005 General Bond Resolution to the Official Statement and attachedhereto as Exhibit 20 If any provision of this Loan Agreement shall for any reason be held to be invalid or unenforceable the invalidity or unenforceability of such provision shall not affect any ofthe remaining provisions of this Loan Agreement and this Loan Agreement shall be construed and enforced as if such invalid or unenforceable provision had not been contained herein 21 This Loan Agreement may be executed in one or more counterparts any of which shall be regarded for all purposes as an original and all of which constitute but one and the same instrument Each party agrees that it will execute any and all documents or other instruments and takesuch other actions as are necessary to give effecttothe terms of this Loan Agreement 22 No waiver by either party of any term or conditionof this Loan Agreement shall be deemed or construed aswaiver of any otherterm or condition hereof nor shall waiver of any breach of this Loan Agreement be deemed to constitute waiver of any subsequent breach whether of the same or of different section subsection paragraph clause phrase or other provision of this Loan Agreement 23 In this Loan Agreement unlessotherwisedefined herein all capitalized terms which are defined in Articleofthe General Bond Resolution shall have the same meanings respectively assuch terms are given in Articleof theGeneral Bond Resolution 24 This Loan Agreement merges and supersedes all prior negotiations representations and agreements between the parties hereto relating to the subject matter hereof and constitutes the entire agreement between the parties hereto in respect thereof AMBB/General Obligation and Refunding Bonds 2015 SeriesThree Loan Agreement Page I\Docs\37421742\Loan Agreement KIB Docx IN WITNESS WHEREOF the parties hereto have executed this Loan Agreement the day and year first above written ALASKA MUNICIPAL BONDBANK Executive Director KODIAKISLAND BOROUGH ALASKA By tA1 KARLETONSHORT Finance Director AMBB/General Obhgation and Refunding Bonds 2015 SeriesThree Loan Agreement Page I\Docs\37421742\Loan Agreement KIB.Docx EXHIBIT $6210000 Kodiak Island Borough Alaska General Obligation School Bond 2015 Series Series Municipal Bond Due Principal Interest October Amount Rate 2016 $195000 2.00% 2017 200000 2.00 2018 205000 4.00 2019 215000 5.00 2020 225000 5.00 2021 240000 5.00 2022 250000 5.00 2023 265000 5.00 2024 275000 5.00 2025 290000 5.00 2026 305000 5.00 2027 320000 5.00 2028 335000 5.00 2029 355000 5.00 2030 370000 4.00 2031 390000 5.25 2032 410000 5.25 2033 430000 5.25 2034 455000 5.25 2035 480000 5.25 Principal installmentsshall be payable on October in each ofthe years and in the amounts setforth above Interest on the Series Municipal Bond shall be payable on April 2016 and thereafter on October and April of each year Optional Prepayment The Series Municipal Bond principal installments due on or after October 2025 are subject to prepayment in whole or in part at the option of the Borough on any date on or after April 2025 at price of 100%of the principal amount thereofto be prepaid plus accrued interest to the date of prepayment AMBB/General Obligation and Refunding Bonds 2015 Series Three Loan Agreement Exhibit Page A-I I\Docs\37421742\Loan Agreement KIB.Docx $1780000 Kodiak Island Borough Alaska General Obligation School Bond 2015 Series Series Municipal Bond Due Principal Interest October Amount Rate 2016 $145000 2.00% 2017 150000 2.00 2018 155000 4.00 2019 160000 5.00 2020 170000 5.00 2021 180000 5.00 2022 190000 5.00 2023 200000 5.00 2024 210000 5.00 2025 220000 5.00 Principal installmentsshall be payable on October in each ofthe years and in the amounts set forth above Interest on the Series Municipal Bond shall be payable on April 2016 and thereafter on October and April of each year Optional Prepayment The Series Municipal Bond principal installments due on or after October 2025 are subject to prepayment in whole or in part at the option of the Borough on any date on or after April 2025 at price of 100%ofthe principal amount thereof to be prepaid plus accrued interest tothe date of prepayment AMBB/General Obligation and Refunding Bonds 2015 Series Three Loan Agreement Exhibit Page A-2 l\Docs\37421742\Loan Agreement KIB.Docx EXHIBIT APPENDIX Summaries of Borrowers Representing10%or More of OutstandingPrincipal of Bonds Issued Under the 2005 General Bond Resolution Page of 14 wnaI enlnswa borough General Fund General ObligationFinancial Summary EXHIBIT lroperly Tax Collections BorrowersPronrrlv Tax llatv nrr 9111150 84511 $450 $4.50 84.56 52%875124 S29M5tt.7.74 528630.610 95.23% $290444n 99.95% $30419493 $29946804 98.45% 530.396.459 99.9210 2141111953 535.823.497 $30302636 98.57% $30729748 99.70% MunicipalLevy 525326//CurrentYears Collections CurrentCollectionRaie 98.27% 15Z4000Z12164YearsCollections total Collection Rate 99.98% General Fund TotalEnding Fund Balance $4.50 $5.40 15JnUoea 831.332.596 90.68% 22t332596 98.68% 24.11111.372 $29669460 15ZZLJZ150 90.39111 929.611.923 99.83711 Mmtrtnat 13.....1l v.11..2010 2011 71112 2013 2014 Averaer 23310985UnreservedEndingFundBalance228648392142Iult$21268520 16296148 128961156 519850.003Expenditures7082955672163558713478687245247873376361$06417519FundBalance/Expenditures 32%301 30%22711 22 30%TotalRevenues 68716762 70799893 71.108637 74255493 74945074 $67188010IntergovernmentalRevenues89878328538331974946410392037948645558402746PercentageIntergovernmental 23.025.423 2t.I0%814 D-1 Page of 14 131 122 14%14%I EXHIBIT Central PeninsulaGeneral Hospital FINANCIAL SUMMARY 2010 2011 2012 2013 2014 Audited Audited Audited Audited AuditedASSETS Capital Assets net of depreciation $68368337$67842931 $64853893 $69429959 $71387990Cash2356100421700302278034873519781335508443CashheldforPlantReplacement1052859910097241114214611132272916447887RestrictedAssets12411963584121633493500000500000Unspentbondproceeds31275.450OtherAssets1809377119105718293835742986300636846307 Total Assets 121792907 122330313 134095908 14631 3507191.966077 LIABILITIES AND NET ASSETS RevenueBonds Payable 32490000GOBondsPayable3792000035990000322550003013000027905000OtherLiabilities1405758510965610180417711817625820336761 Total Liabilities 51977585 46955610 50296771 48306258 80731761 NETASSETS 6981532275374703 83799137 98007249 111234316 Operating Revenues 88941888101279075 116849605 123951269126713712 Operating Expenses 78326691 86771449 99255770 102247165 104364018Depreciation83810298056595800456279593058066688 Operating Income Loss 2234168 64510319589273 13744799 14283006 Non-Operating Revenue Expense 249199 1105595 808253 1541657 1070583 Net Income Loss BeforeContribution 2483367 5345436 8781020 12203142 13212423 CapitalContributions 176391 212945 52843 2004970 14644 Change in NetAssets 26597585558381 883386314208112 13227067 D-2 Page of 14 EXHIBIT D-3 Page of 14 In II.JnIJIJI.nI.JrCII GENERAL09JGATION FINANCIAL SUMMARY EXHIBIT City and Borough of Sitka Electric Enterprise Fund Financial Summary 2010 2011 2012 2013 2014 Audited Audited AuditedAudited Audited Assets Cash 886815924320421 31450650 2880318713505669RestrictedAssets7149277687116435958752119745918121955OtherAssets4256023501016772662751389761511777153ConstructioninProgress5555467116469871808672458930539137885040 Utility Plant in Service 6491483363103150 6177500359900343 59508277 rotal Assets 90743759 110951889122174527 182729143 240798094 Liabilities and NetAssets Liabilities Other Liabilities 636920 1722772 24771826355564 13017817RevenueBondsPayable28090000487000004757000079485000105100000Deferredloss/premium on bonds 815343 1471509 1711547 59433386742293RevenueNotePayable90545988800188853549879736087973608 Total Liabilities 3696617560694469 5687113399757510 132833718 Net Assets 53777584 50257420 6530339482971633 107964376 Operating Revenues 10852914 1140152311611319 12077554 14240772OperatingExpenses Administrative and General 16997371739698 2003768 1975492 2860066OperationandMaintenance43661155257342591489551520284964074Depreciation19941771987558197173919861951841712 Operating Income 2792885 2416925 17209172963839 4574920 Nonoperatingrevenue expense Investment Income 523298 490986459107 314600 196399InterestExpense2369426172519828486391678238426419Other208962625748572946812866 Net Income before contributions and transfers 11557191182713 42867 21731475157766 Capital contributions 2853752 4039237 526605017169455 19455106 Extraordinary Item Net Pension Obligation Relief 119824139806 325771 379871TransferInOutnet23898998128 Change In NetAssets 39855735341774 5362989 18670245 24992743 Population of City and Borough 8881 8773 8952 9084 9098ofelectriccustomers52785282530954035490KwHSold108739970111795344111048623111155330111155330 Revenue Bond DebtService 41084073477959 3467567 45292405045158RevenueBondCoverage1.25 1.34 1.41 1.43 1.27 1.34 Note $1440000 transferred into Rate Stabilization Fund in FY2013 Note Total ofrate Stabilization Fundas of June 30 2013 -$2151000 D-.4 Page of 14 EXHIBIT CITY ANDBOROUGH OF SITKA HARBOR ENTERPRISE FUND FINANCIAL SUMMARY 2010 2011 2012 2013 2014 Audited Audited Audited Audited AuditedASSETS Plant In-Service net of depreciation 15465195 14789299 14122591 13550231 13153475Land9000090000900009000090000ConstructionWorkinProgress31720229578386654767824365Cash30140673733467473510165991876616954RestrictedAssets3615663589166OtherAssets9870991342572133938912153851524898 Total Assets 19556678 1997556720344919 25736942 29198858 LIABILITIES AND NETASSETS RevenueBonds Payable 45694863840000OtherLiabilities15006371405227115600311441381689033 Total Liabilities 15006371405227 1156003 5713624 5529033 NET ASSETS 1805604118570340 19188916 2002331824269825 Operating Revenues 3040330 28548583154885 3096419 3164252 Operation andMaintenance 2133877 2492110 24343291708210 2454599AdministrativeandGeneral Depreciation 799254 899956 986619 668511 666074 OperatingIncome Loss 107199 537208266063 719698 43579 Non-Operating Revenue Expense 183181 46509 155306 156844 776434 Net Income Loss Before Contribution 75982490699 110757 876542 820013 CapitalContributions 2421861690873 2549949 3458599NetTransfers-In Out 4000003804600 675000 42141 32105SpecialitemNPOIOPEBwriteoff____________Change in NetAssets 566204 5004774 3114192 834401 4246507 Population of City 8881 8773 8952 9084 9098 No payments ofRevenueBondCoverageNoHarborBondsNoHarborBondsNoHarborBondsPI 5.16 D-5 Page of 14 EXHIBIT D-6 Page of 14 CIIY OF KETCHIKAN --________________ GENERAL OBLIGATIONFINANCIAL SUMMARY EXHIBIT CITY OF KETCHIKAN KETCHIKAN PUBLIC UTILITIES ENTERPRISE FUNDFINANCIALSUMMARY 2009 2010 2011 2012 2013 Audited Audited Audited Audited AuditedASSETS Utility Plan IriService $69718266 $67177925$69018328 $83919407 $83919407ConstructionWorkinProgress8017706147885631713191881234958123495Cash1395867412566005138453681676788916767889RestrictedAssets40621673050592296356626950852695085OtherAssets86862191211836611.991790 6159953 6159953 Total Assets 104443032 109701451 114950970 117665829117665829 LIABILITIES AND NET ASSETS RevenueBonds Payable 1990222320233232 18884282 16602060 16602060OtherLiabilities40452153983215484707954436365443636 Total Liabilities 23947438 24216447 23731361 22045696 22045696 NETASSETS 80495594 85485004 9121960995620133 95620133 Operating Revenues 33310537 32975154 34172941 34802748 34802748OperationandMaintenance2086133619060639199978552199264221992642AdministrativeandGeneral60344765603405609742754089615408961 Depreciation 60865145932099 5892449 6872767 6872767PaymentinLieuofTaxes Operating Income Loss 328211 2379011 2185210 528378 528378 Non-OperatingRevenue Expense 402557 479652 363607 416621 416621 NetIncome Loss Before Contribution 74346 1899359 1821603 111757 111757 Contributions 2085231 3818051 46410025016767 5016767 Special Item Transferof NetAssets Swan Lake-Lake Tyee Intertie Project Transfer Payment In Lieuof Taxes 675000728000 728000 728000 728000ChangeinNetAssets1335885498941057346054400.524 4400524 Population ofService Area 12984 13477 12984 13477 13477PopulationofCity75038050750380508050ofElectrjccustomers73657418736574187418ofTelephoneAccessLines74676994746769946994ofWaterCustomers32173207321732073207 RevenueBond Coverage 2.30 2.80 2.30 2.80 2.80 Water is onlyprovided withinthe City Change in accountingstandards payment in lieu oftax mustbe reported as transfer D-7 Page of 14 EXHIBIT CITY OFKETCHIKAN PORT FINANCIAL SUMMARY 2009 2010 2011 2012 2012 2013AuditedAuditedAuditedAuditedRestatedAuditedASSETS Cash $4827125 S4364226 $2373808 $2285517$2285517 2900167PortFacilitiesnet449476204364294742020640477667764776677653490542ConstructionWorkinProgress96301811167825531746506604850660485449151RestrictedAssets481970853075215623924608209760820976595730OtherAssets173044312813123670192451855342365514140133 Total Assets 57.287914 55712786 5922031065718991 6543698972575723 LIABILITIES AND NET ASSETS General Obligation Bonds Payable 1035000 795000 540000 270000 270000RevenueBondsPayable3654000035830000350900003431500034315000 33505000OtherLiabilities314795731348142847180101231310723131699380 Total Liabilities 4072295739759814 3847718035657313 35657313 35204380 NETASSETS 1656495715952974 20743130 30061678 29779675 37371343 Operating Revenues 8922228 8000492 7986404 8592255 8592255 9145920OperationandMaintenance536800953192523957909388415638885254.416473Depreciation14602651.446527 1401754 1359513 1359513 1636863PropertyTaxes154041167.219 152762 142575 142575 165627PaymentinLieuofTaxes Operating Income Loss 1939913 1067494 2473979 3206011 3201642 2926957 Non-Operating Revenue Expense 1718248 19034212043804 201.299 223562 912.634 Net Income Loss Before Contribution 221665 835927 430.175 3407310 3425204 2014323 Contributions and Capital Grants 905943 518944 4654.981 6214416 6214415 8676543ExtraordinaryItem SpecialItem Transfers 8178 8178 80199TransferPaymentinLieuofTaxes290000295000295000295000295000319.000 Change in Net Assels 837608 611983 4.790156 9318548 9336442 10291667 1.25 Annual Debt Service 2.45 200 2.24 3.36 3.36 3.00 1.0 AnnualDebt Service/Reserves Account/Repair and Replacement Fund/SPH Lease Payments 1.13 0.99 1.16 1.67 167 1.41 Unaudlted of Ships 36 26 28 34 34 38ofCalls/Stops 496 429 426 467 462 453ofWaterPassengers937419828929830547885799885799938124 Reflects statisticalinformation provided by theKetchikan Visitors Bureau Beginning in 2005 change in accounting atandards required payment inlieu of taxesto be reported as transfers D-8 Page of 14 EXHIBIT CITY ANDBOROUGH OFJUNEAU FINANCIAL SUMMARY General Governmental Fund D-.9 Page 10 of 14 EXHIBIT CITY AND BOROUGH OF JUNEAUHARBORENTERPRISEFUND FINANCIAL SUMMARY 2010 2011 2012 2013 2014AuditedAuditedAuditedAuditedAuditedASSETS Plant In-Service net of depreciation $11923364 $1 3827335 $1 2844129 $1 1875368 $14325870ConstructionWorkinProgress2993571129889294334997694239797440419697Cash44700534728522466075534663744030992RestrictedAssets758858410702703111964791094632810554614OtherAssets866059764741847869543407679907 Total Assets 54783771 59912595 63049001 69229451 70011080 LIABILITIES AND NET ASSETS Revenue Bonds Payable 99600009700000 9691595 9380434 9033637OtherLiabilities17262402110290214090914013652050500 Total Liabilities 11686240 11810290 11832504 10781799 11084137 NET ASSETS 43097531 48102305 51216497 58447652 58926943 Operating Revenues 3040330 2854858 3154885 3173272 3508430OperationandMaintenance21338772492110243432924981782814717AdministrativeandGeneral Depreciation 799254 899956 986619 968761 1003707 Operating Income Loss 107199 537208 266063 293667 309994 Non-Operating Revenue Expense 183181 46509 155306 214686 128433 Net Income Loss Before Contribution 75982 490699 110757 508353 181561 Capital Contributions 2421861690873 2549949 7392466 660852NetTransfers-In Out 400000 3804600 675000 500000SpecialitemNPO/OPEB writeoff _____________Change in Net Assets 566204 5004774 3114192 7384113 479291 PopulationofCity 31275 31275 32441 32660 33064RevenueBondCoverage2181.19 1.79 1.21 1.67 D-1O Page 11 ofl4 EXHIBIT CITY AND BOROUGH OFJUNEAU PORT DEVELOPMENT SPECIAL REVENUE FUND FINANCIAL SUMMARY 2010 2011 2012 2013 2014AuditedAuditedAuditedAuditedAuditedASSETS PlantIn-Service net of depreciation Construction Work in Progress Cash 34146794428233 208085 252013 71012RestrictedAssets OtherAssets 273317314814 269712 484639294257 Total Assets 3687996 4743047 61627 232626365269 LIABILITIES AND NET ASSETS Revenue Bonds Payable Other Liabilities 151020 349585 Total Liabilities 151020 349585 NETASSETS 3687996 4743047 6162781606 15684 Operating Revenues 2856882 2557851 2634080 2825479 2864578OperationandMaintenance45002800550055005500AdministrativeandGeneral Depreciation Operating Income Loss 2852382 2555051 26285802819979 2859078 Non-Operating Revenue Expense Net Income Loss Before Contribution 28523822555051 2628580 2819979 2859078 CapitalContributions Net Transfers-In Out 1750000 1500000 7310000 28000002925000ChangeinNetAssets1102382105505146814201997965922 Population of City 3127531275 32441 32660 33064RevenueBondCoverageN/A N/A N/A N/A N/A D-11 Page 12 of 14 EXHIBIT City and Borough of Juneau Conduit Debt WILDFLOWER COURT not for profit organziation FINANCIAL SUMMARY 4549892 10361609 9802944 937147 378482 27924 4356076 3768944 10859195 10841324 98943539594317 832579 780765 132263 466243 61553 120890 350558 193816587132 RevenueBond Coverage 1.01 TheBond Bank has received notification from senior management of Wildflower Court that for calendar year 2013and2014WildflowerCourtfellshortoftherequireddebtservicecoverageratioof1.15 times Per section 5.1b of theloan agreementbetweentheCityandBoroughofJuneauandWildflowerCourtWildflowerCourtisworkingwiththeCityandBoroughto identify measures to return the facility to compliance with the debt service coverage requirement of theloan agreement 2010 2011 2012 20132014 Audited Audited AuditedAudited Audited 5674338 1255867 1735178 1312915 9978298 4909305 1582128 1707402 1399517 9598352 4620999 1752043 2170928 1444749 9988719 4734678 1437085 1489365 1786787 9447915 ASSETS Plant In-Service Cash Restricted Assets OtherAssets Total Assets LIABILITIES AND NET ASSETS Bond Debt Other Liabilities Total Liabilities NET ASSETS DEFICIT Operating Revenues Operating Expenses Depreciation Operating Income Loss Non-Operating Revenue Expense Change in Net Assets 13650000 878190 14528190 13050000 904428 13954428 3771100 1970693 1450054 1267699 8459546 10204712 996579 11201291 11705000 2052663 13757663 11596229 1132323 12728552 3280637 2741745 11057791 11447862 9666530 9961681 9356691008253 455592 477928 3271360964 1.33 488305 538892 1.32 1.12 1.10 D-12 Page 13 of 14 EXHIBIT CITY AND BOROUGH OF JUNEAU BARTLETT REGIONAL HOSPITAL FINANCIAL SUMMARY 2010 2011 2012 2013 2014AuditedAuditedAuditedAuditedAuditedASSETS Plant In-Service net of depreciation $74736663 $72772410 $74566327$74002798 $69208456ConstructionWorkinProgress3126611686678162022242826314228425Cash180362021499030873861692611383338596921RestrictedAssets855505110160114654949854907635327673OtherAssets2054993723011253234621132523020620528164 Total Assets 125004464 127800876 128166331 133663919 133889639 LIABILITIES ANDNET ASSETS Revenue Bonds Payable 26165000 25570000 24926795 25304679 24346618OtherLiabilities11066147113910538999867882906711033875 Total Liabilities 37231147 36961053 33926662 34133746 35380493 NET ASSETS 87773317 90839823 94239669 99530173 98509146 Operating Revenues 82640681 90680836 9502637384250207 80198274OperationandMaintenance7297563283883389894119137696744478820476AdministrativeandGeneral Depreciation 62705656552177 7145290 7001295 7086559 Operating Income Loss 3394484 245270 1530830 281468 5708761 Non-Operating Revenue Expense 911555 1579634 3306366 4119820 3610234 Net Income Loss Before Contribution 4306039 1824904 1775536 4401288 2098527 Capital Contributions 536697 89002 471910 134658NetTransfers-In Out 1146000 1152600 1152400 1123000 1077500SpecialitemNPO/OPEB writeoff _____________Change in Net Assets 59887363066506 3399846 5658946 1021027 Population of City 3127531275 32441 32660 33064RevenueBondCoverage5.15 3.63 3.00 7.34 250 D-13 Page 14 of 14