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AGENDA Regular Meeting – December 17, 2015

Board Room – 12:00 noon

_____ Call to Order - Ascertain Quorum 12:00

[Chair John Minges] 1. Approval of Minutes [Chair John Minges] Workshop Meeting: November 17, 2015

Regular Meeting: November 19, 2015 Acceptance of the Agenda

[Chair John Minges]

Recognition of Service as Commissioner – Chip Little Recognition and Appreciation of Service to the Commission – Sue Hatch Recognition of Recent Awards Presented to GUC by ElectriCities [Tony Cannon] Competitive Business Environment Energy Efficiency Financial Stability Legislative Involvement Service Excellence 2. Review of Monthly Financial Statement – November 30, 2015 [Jeff McCauley]

3. Consideration of Resolution to Abandon Electric Easement for Berkeley Apartments, LLC [Phil Dixon] 4. Consideration of Capital Project Budget Amendment and Adoption of a Reimbursement Resolution

and a Resolution Authorizing Acceptance of Amended State Revolving Fund (SRF) Loan Offer for Southside Wastewater Pumping Station Upgrade Project (SCP-118)

[Randy Emory]

5. Consideration of Resolution Recommending Approval of Memorandum of Understanding and

Lease Agreement between the City of Greenville and Sound Rivers, Inc. [Chris Padgett]

Agenda – December 17, 2015 Information Items 6. General Manager’s Report [Tony Cannon]

7. Board Chair’s Remarks/Report

[Chair John Minges] 8. Board Members’ Remarks

[Board]

Notice of Upcoming Meetings/Functions:

[Chair John Minges]

GUC Regular Meeting, Thursday, January 21, 2015, 12:00 noon, Board Room

Closed Session N.C.G.S. Section 143-318.11(a)(6) To consider the qualifications, competence, performance, character, fitness, condition of appointment, or conditions of initial employment of an individual public officer or employee or prospective public officer or employee. Adjournment 1:00 [Chair John Minges]

Item: Approval of Minutes

Contact:

Amy Quinn

Explanation: Workshop Meeting: November 17, 2015 Regular Meeting: November 19, 2015

Previous Board Actions:

N/A

Fiscal Note: N/A

Recommended Action(s):

Approval of minutes as presented or amended

Agenda Item # 1 Meeting Date: December 17, 2015

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GREENVILLE UTILITIES COMMISSION WORKSHOP SESSION

GREENVILLE, NORTH CAROLINA

Tuesday, November 17, 2015

The Board of Commissioners of the Greenville Utilities Commission met in a Workshop session at the Hilton Greenville on November 17, 2015 at 1:30 p.m. with the following members and others present, and Chair John Minges presiding. Commission Members Present: John Minges, Chair Parker Overton Don Mills, Chair-Elect Rebecca Blount Joel Butler Barbara Lipscomb Tommy Stoughton Dennis Mitchell, Secretary, was absent. Commission Staff Present: Tony Cannon, General Manager/CEO Richie Shreves Chris Padgett Sue Hatch Amy Quinn Todd Rouse John Worrell George Reel Anthony Miller Sandy Barnes Randy Emory Keith Jones Jeff McCauley Steve Hawley Phil Dixon Others Present: Garry Golden, Forward Elements, Inc., Futurist Howard Rohm, President and CEO, Balanced Scorecard Institute David Wilsey, Chief Operating Officer, Balanced Scorecard Institute Ginger Livingston, The Daily Reflector INTRODUCTION: Chair Minges called the session to order and introductions were made. General Manager/CEO Tony Cannon reviewed the objectives of the session and indicated that this is an opportunity for the Board and senior management to discuss an update of GUC’s current strategic plan that was developed in 2004. The development of a long-term strategic plan was recommended as an effective way to accomplish the priorities identified by the Board. Mr. Cannon then introduced Mr. Garry Golden. Mr. Golden provided a presentation on trends in the national utility market and how these trends could possibly impact Greenville Utilities Commission in the future. He stated that the world is constantly changing and our goal is to evaluate GUC with plausible outcomes for the future. Mr. Golden stated that there are two fundamental conversations around the future of energy: a baseline forecast and an alternative vision. The baseline forecast is the result of decisions made in the past based on fundamentals such as: demand, production, supply, distribution, and policy-regulations. The alternative vision is based on “greener” energy uses from resources, such as wind, solar, geothermal, and advanced biofuels while relying on information technology and end-user behavior to improve efficiencies. Mr. Golden stated that foresight must be applied to strategic planning and the future of an organization. He stated that there are three (3) mechanics for change: trends, events and choices, with trends having the greatest impact. Trends are based on forecasts and are plausible. Events are possible scenarios, and choices are the preferred future or vision. Mr. Golden asked the group to consider the drivers of change: consumerization and distributed generation.

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GUC needs to consider key elements in what is driving consumerization and what can be expected over the next 10 years. What are our customers’ expectations with respect to energy usage and customer service? Mr. Golden stated that plausible solutions are natural gas and the fuel cell. Natural gas power generation is on the rise. The fuel cell technology is in its early development but it is possible for fuel cell technology to be the future for energy. Fuel cells convert chemicals into electricity. Apple recently renewed a patent for hydrogen fuel cell technology to power mobile devices. Eventually, appliances and possibly entire homes could be powered by a large fuel cell eliminating the need to be connected to the power grid. Mr. Golden stated that GUC needs to be ready for these types of changes in energy. Mr. Golden said now is the time for GUC to write out its own future by creating a sense of control by engaging leaders and staff to develop a framework and develop strategies in order to be a more efficient and effective utility company while keeping up with the consumer trends and the energy market. BREAK 3:00 p.m. – 3:15 p.m. Mr. Cannon next introduced Howard Rohm and David Wilsey of the Balanced Scorecard Institute. Mr. Cannon stated that no matter the path GUC takes with respect to fuel cell technology, we want to be efficient and effective here at GUC. Mr. Rohm indicated that in order to develop an actionable strategic plan, we need to think strategically and answer these questions: Are we doing the right things and are we doing things right? The modern management system consists of the following four phases:

1- strategic formulation 2- strategic alignment 3- strategy execution 4- performance analysis and evaluation

The system embeds change management into the process. GUC must find a balance between strategy and operations; and financial measures and nonfinancial measures, all while focusing on strategy and getting employees aligned to follow the mission and vision. Mr. Wilsey said that GUC needs an integrated strategic planning and performance management system that:

• Communicates with clarity the vision, mission and strategy to employees and other stakeholders

• Aligns day to day work to vision and strategy • Provides a framework for prioritizing programs, projects, services, products and

resources • Uses strategic performance measures and targets to measure progress • Presents performance information visually, to better inform decision making

The Balanced Scorecard is a change initiative that helps an organization achieve higher levels of performance. The Balanced Scorecard Framework consists of nine steps to success, broken into two phases: development and implementation. Organizations can be more strategic by looking at strategy through four dimensions called perspectives: customers & stakeholders, financial or stewardship, internal processes and organizational capacity. The role of the Board is to provide guidance on the mission and vision for the organization so the team can develop a strategic plan. The Board’s input should be at a high level considering what changes have taken place since 2004 and align GUC to the mission, vision and its strategy. Mr. Wilsey stated the mission is a few sentences about who we are, what we are about or our purpose. The vision briefly describes where we want our organization to be in 3 -10 years, our picture of the future, and typically is one sentence. The core values describe what we stand for in the context of the organization’s mission, define our code of conduct and provide ethical guidelines for decision making and daily conduct.

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GUC’s current mission, vision and core values are as follows: Mission: Greenville Utilities is dedicated to enhancing the quality of life for those we serve by providing safe, reliable utility services at the lowest reasonable cost, with exceptional customer service. Vision: To be the regional utilities provider of choice. Core Values:

• Dedicated to meeting the needs of our customers • Integrity is the foundation of our relationships • Employees are our most valuable resource • We encourage employee innovation and promote excellence through lifelong

learning • Strength is found in our appreciation of diversity • Committed to delivering reliable services of the highest quality

Mr. Wilsey led the discussion on evaluating GUC’s current mission and vision to make sure that the Board is stating the desirable outcome of our vision for GUC. There was much discussion about the elements of the mission and vision and some of the comments are referenced below: Mission:

• Add innovation • Clarify customer service • Clarify safe reliable utility service • Add Eastern NC • Use our customers or our community • Add Pitt County and beyond • No change

Vision:

• Catalyst for economic growth • Partner • Utility provider of the future • Affordability • Influence • Innovation and new technology • Define utility • Innovative utility leader • Model of innovation • Provide innovative solutions that meet the region/community’s utility needs

NEXT STEPS: Mr. Cannon thanked Mr. Golden, Mr. Rohm and Mr. Wilsey for presenting to our Board and senior management. It was the consensus of the Board for senior management to consider all the thoughts and comments from today’s meeting and deliver a plan to bring back to the Board. ADJOURNMENT: Without objection and there being no further business the Board of Commissioners unanimously agreed to adjourn the meeting at 5:30 p.m. Respectfully submitted, ______________________________ Amy Carson Quinn, Executive Secretary APPROVED: _____________________ Dennis Mitchell, Secretary

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GREENVILLE UTILITIES COMMISSION

GREENVILLE, NORTH CAROLINA

Thursday, November 19, 2015

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 John Minges presiding. Commission Members Present: John Minges, Chair Parker Overton Don Mills Tommy Stoughton Dennis Mitchell Joel Butler Barbara Lipscomb Commissioner Blount had an excused absence. Commission Staff Present:

Others Present: Richard Croskery, COG Liaison to the GUC Board; Abbie Bennett, The Daily Reflector; Rick Smiley, City Council Member; Brad Hufford, Pitt County Development Commission; Richard Johnson, The East Group and Carlene Kamradt, Cherry Bekaert, LLP. Chair Minges called the meeting to order and Mr. Mitchell ascertained that a quorum was present. APPROVAL OF MINUTES (Agenda Item 1) A motion was made by Mr. Mitchell, seconded by Mr. Butler, to approve the October 15, 2015 Regular Meeting minutes as presented. The motion carried unanimously. ACCEPTANCE OF THE AGENDA Chair Minges asked to amend the agenda to add the recognition of North Carolina Pretreatment Consortium’s Peer Award, to amend the dollar amount in the item #5 from $1.8 million to $1.4 million, and to move the closed session related to N.C.G.S. 143-318.11(a)(1) and N.C.G.S. Section 143-318.11(a)(3) to the end of the agenda. A motion was made by Mr. Mills, seconded by Mr. Overton, to accept the agenda as amended. The motion carried unanimously.

Tony Cannon, General Manager/CEO Amy Quinn Chris Padgett Lou Norris George Reel Emily Barnes Jeff McCauley Linda Clark Todd Rouse John Bullard Randy Emory Tony Godwin Keith Jones Jason Manning Anthony Miller JoEllen Gay Phil Dixon Jesse Chadwick Sandy Barnes Scott Farmer Richie Shreves Kevin Keyzer Steve Hawley Scott Mullis Sue Hatch Julius Patrick Roger Jones

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Recognition of 2015 Excellence in Public Power Communications Award for Social Media GUC’s Public Information Office received a 2015 Award of Excellence in the Social Media category at the American Public Power Association’s (APPA) national Customer Connections Conference in Austin, Texas which was held in October. Sue Hatch, Public Information Officer/ Communications Manager, introduced the staff from the Public Information Office: John Bullard, Communications Specialist; Linda Clark, Part Time Communications Specialist; Emily Barnes, Public Information Specialist; and Steve Hawley, Public Information Officer/Communications Manager. Ms. Barnes then provided back ground on the social media campaign that resulted in winning the 2015 Excellence in Public Power Communications Award for Social Media. Ms. Barnes explained that GUC was recognized specifically for the “tweet-along” campaign that was held in October 2014 during Public Power Week. This was a first for GUC where staff created a virtual ride-along with employees by sharing photos and facts in real-time on twitter. Recognition of NC Waterworks Operators Association Lab Analyst of the Year Award - Jesse Chadwick Mr. Randy Emory, Director of Water Resources, introduced Jesse Chadwick, GUC’s Chemist at the Water Treatment Plant. Mr. Chadwick has been with GUC for 29 years and served as the head chemist at the Water Treatment Plant for 28 years. He is responsible for the state certified lab. Mr. Chadwick received the North Carolina Waterworks Operators Association Lab Analyst of the Year Award while attending the annual appreciation dinner on September 22. This award annually recognizes one person who has demonstrated outstanding ability in the field of drinking water analysis and who has made exceptional achievements and contributions to the field of drinking water analysis and/or drinking water treatment. Recognition of North Carolina Pretreatment Consortium’s Peer Award - JoEllen Gay Mr. Emory next introduced JoEllen Gay, GUC’s Environmental Compliance Coordinator at the Wastewater Treatment Plant. Ms. Gay received the North Carolina Pretreatment Consortium’s Peer Award while attending the Annual Conference in Asheville on September 28. The North Carolina Pretreatment Consortium Peer Award recognizes outstanding effort, achievement, workload, and contribution to the field of industrial pretreatment and/or the North Carolina Pretreatment Consortium. The recipient of this award is chosen by a 4 member panel (including the State Chairman) that represents all regions of North Carolina. REVIEW OF MONTHLY FINANCIAL STATEMENT OCTOBER 2015 (Agenda Item 2) October 31, 2015 Financial Statement: Key financial metrics for the combined funds for the period ending October 31:

Operating Cash $73,611,553 Days of Cash on Hand 130

Less Current Liabilities ($18,119,570)

Fund Balance Appropriations for FY 2016 ($6,833,332)

Fund Balance $48,658,651 Days of Cash on Hand After Liabilities 86

Fund Balance Available for Appropriation: 16.8% Average Investment Yield: 0.35%

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Fund Equity/Deficit Before Transfers From Fund Balance

Current Month Year to Date

Actual Budget Last Year Actual Budget Last Year

Electric ($297,130) ($241,515) ($344,163) $2,676,257 $996,402 $2,477,803 Water $66,206 ($59,425) $111,984 $700,112 $519,332 $444,159 Sewer $227,024 ($58,400) $264,893 $763,942 $279,257 $868,413 Gas ($184,510) ($396,342) ($132,338) ($1,496,870) ($1,913,135) ($889,365) Combined ($188,410) ($755,682) ($99,624) $2,643,441 ($118,144) $2,901,010 Fund Equity/Deficit After Transfers From Fund Balance



Electric ($463,797) ($241,515) ($344,163) $2,009,589 $996,402 $2,477,803 Water $66,206 ($59,425) $111,984 $700,112 $519,332 $444,159 Sewer ($22,976) ($58,400) $264,893 ($236,058) $279,257 $868,413 Gas ($622,010) ($396,342) ($132,338) ($3,246,870) ($1,913,118) ($889,365) Combined ($1,042,577) ($755,682) ($99,624) ($773,227) ($118,127) $2,901,010 Mr. Jeff McCauley, Chief Financial Officer, provided a presentation on the Financial Statement for October 2015. The weather impact for the month of October reported that the cooling degree days were 26% cooler than last October. The heating degree days for October was 23% cooler than last year. The October rainfall was approximately 7 inches which is 335% more than last year. The portfolio earned 0.35% for the month of October. Overall year-to-date results through the end of October remain stable. The Rate Stabilization Reserves are approximately $6.2 million and includes the $1.5 million transfer from last year. The Operating Reserves are 130 Days Cash on Hand, and Renewals and Replacements Reserves are $1.2 million. A motion was made by Mr. Overton, seconded by Mr. Butler, to accept the Financial Statement for October 31, 2015. The motion carried unanimously. PRESENTATION OF ANNUAL AUDIT REPORT FISCAL YEAR 2014-2015 (Agenda Item 3) Mr. Jeff McCauley, Chief Financial Officer, introduced Carlene Kamradt, Senior Manager for Cherry Bekaert, LLP. Ms. Kamradt congratulated the GUC Finance team for their work and stated that they did a good job in providing the requested information. Also, she congratulated the GUC staff for putting together the Comprehensive Annual Financial Report (CAFR) which they have assembled for several years now. Ms. Kamradt presented the annual Audit Report for FY 2014-15 ending June 30, 2015. Ms. Kamradt noted that there were a few changes this year due to new accounting standards that went into effect related to the reporting of pension. She indicated that GUC received two opinions. One is the typical audit opinion and is unmodified “clean” opinion, which is the highest of four (4) possible opinions. This unmodified opinion means that the statements, as presented, are materially not misstated. In addition, GUC received the Yellow Book opinion that addresses internal controls over financial reporting and compliance with laws, regulations, grants, and contracts. This Yellow Book opinion is also an unmodifed “clean” opinion. A copy of the audit letter was distributed to the Board of Commissioners outlining the findings of the audit.

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A motion was made by Mr. Overton, seconded by Mr. Butler, to accept the Annual Audit Report for FY 2014-15. The motion carried unanimously. CLOSED SESSION (Agenda Item 4) Upon motion by Ms. Lipscomb, seconded by Mr. Mills, the Greenville Utilities Board of Commissioners unanimously agreed to enter Closed Session at 12:26 p.m. pursuant to:

N.C.G.S. Section 143-318.11(a)(5) To establish or instruct the staff or agent concerning the negotiation of the price and terms of a contract concerning the acquisition of real property as follows: Parcel No. 16533 - 0 W. Fifth Street Vegesena Prudhui Raju and Vegesena Krishna Veni Raju Parcel No. 26913 - 400 W. Fifth Street Vegesena Prudhui Raju and Vegesena Krishna Veni Raju Parcel No. 16971 - 404 S. Pitt Street Vegesena Prudhui Raju and Vegesena Krishna Veni Raju Parcel No. 28899 - 408 S. Pitt Street

V.P. Raju Commissioner Tommy Stoughton requested to be excused from the Closed Session to avoid any conflict of interest. There was a consensus among the Board and Commissioner Stoughton left the room during Closed Session. Upon motion by Mr. Overton, seconded by Mr. Mills, the Board of Commissioners unanimously agreed to return to Open Session at 12:58 .m. Those guests that left the room during Closed Session returned to the room for the duration of the Open Session. CONSIDERATION OF ADOPTION OF CAPITAL PROJECT BUDGET - $1.4 MILLION DOWNTOWN FACILITIES DEVELOPMENT AND AUTHORIZATION TO PURCHASE REAL PROPERTY (Agenda Item 5) Mr. Jeff McCauley, Chief Financial Officer, stated that since 1994/1995 approximately 75 GUC employees and contractors working at the administrative building located on 401 S. Greene Street have been able to utilize the Pugh’s Tire and Service Center property for personal vehicle parking. Recently, this parcel of land was sold and it is anticipated that parking spaces for employees and contractors will no longer be available in the near future. GUC will address this parking need in the short term by leasing existing parking spaces that are temporarily available in the uptown district. The preferred long term solution is to purchase four parcels of land located at the northwest corner of Fifth and Pitt Streets and to develop 99 parking spaces via a two phase development process. A motion was made by Mr. Mills, seconded by Mr. Butler, to adopt the Capital Project Budget and Reimbursement Resolution in the amount of $1.4 million, recommend similar action by the City Council, and authorize the General Manager/CEO to execute documentation to consummate the purchase of real property and to recommend to City Council of the City of Greenville authorization to purchase real property. The motion carried unanimously. By consensus of the Board of Commissioners, Commissioner Stoughton abstained from voting on this item.

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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 $1,400,000) for certain expenditures made not more than 60 days prior to the 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 19th day of November, 2015.

_____________________________

/s/ John Minges, Chair

Proposed Budget

FCP - 10066 Downtown Facilities Development

Revenues:

Long Term Debt $1,400,000Total Revenue $1,400,000

Expenditures:

Project Costs $1,400,000Total Expenditures $1,400,000

Proposed Capital Project BudgetAs of November 19, 2015

Project Name

Greenville Ut ilit ies Commission

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ATTEST: _____________________________ /s/ Dennis Mitchell Secretary APPROVED AS TO FORM: /s/ Phillip R. Dixon General Counsel

RESOLUTION NO. 15-__ 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.

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 $1,400,000.

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

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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 ______________, 2015.

____________________________________ /s/ Allen M. Thomas, 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:

The purchase, development, and construction of downtown land and building facilities. $1,400,000

Total $1,400,000 CONSIDERATION OF 2016 GUC MEETING SCHEDULE (Agenda Item 6) Mr. Tony Cannon, General Manager/CEO, discussed the proposed meeting schedule for 2016 which includes GUC workshops (2nd Tuesday of the month at 5:30 p.m.) and GUC regular meetings (3rd Thursday of the month at 12:00 p.m., except in June as noted). Mr. Cannon reminded the Board that GUC operates on a two-year budget cycle. The first cycle includes the preparation of a first year budget and second year plan. The second cycle is condensed and consists of making appropriate adjustments to convert the second year plan into a budget. This year GUC is beginning the first cycle of its two-year budgeting process and will be preparing a FY 2016-17 budget along with a budget plan for FY 2017-18. In the past, the Board has opted to use the regularly scheduled meetings and workshops to discuss budget issues in lieu of having all day or half day workshops. In addition, the Board Finance/Audit Committee typically meets with staff to review the preliminary budget prior to the initial discussion with the entire Board. The proposed dates for budget preparation, workshops and regular meetings were provided. Mr. Cannon noted that if the Board desires to have additional time for budget discussions, other dates can be scheduled. After discussion, it was suggested to amend the proposed schedule to remove the Tuesday evening workshop dates from the 2016 meeting schedule. The revised calendar will be sent to Commissioners for their information and planning.

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A motion was made by Mr. Butler, seconded by Mr. Stoughton, to adopt the 2016 Meeting Schedule as amended. The motion carried unanimously. GENERAL MANAGER’S REPORT (Agenda Item 7) 1. Informational Reading Bids, 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 and were reported for information:


TABULATION OF BIDS RECEIVED

GCP-89 NORTHWESTERN LOOP, NC-43 AND ORR REGULATOR STATIONS AUGUST 13, 2015 at 2:00 PM

VENDORS DELIVERY TIME TOTAL BID

Arapaho Pipe & Supply 2-8 Weeks $127,990.46* Consolidated Pipe & Supply 3-8 Weeks 134,721.25

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

MATERIALS FOR GCP-89 NORTHWESTERN LOOP, AC MITIGATION / CP SEPTEMBER 9, 2015 at 2:00 PM

VENDORS DELIVERY TIME TOTAL BID

Corrpro Companies, Inc. 7-10 days $30,502.56* BK Corrosion 2 days-3 weeks 30,555.73 Matcor 3-5 weeks 48,655.22

*Indicates recommended award based on the lowest responsible, responsive bid. Load Management Report The Duke Energy Progress (DEP) monthly peak occurred on October 19, 2015 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 $927,643. 2. Key Performance Indicators (KPIs) The following KPIs highlighted for this month were provided in the dashboard format along with the corresponding scorecard:

• System Losses - Electric • Typical Monthly Bill Comparison - Gas • Return on Assets • Return on Equity

3. Commendations The following are compliment records from customers: Sue Kelly, President and CEO of American Public Power Association, wrote a letter to Emily Barnes, Public Information Specialist, to congratulate her and GUC on the fine communications

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efforts and earning an Award of Excellence in the Class B, Social Media category of the American Public Power Association 2015 Excellence in Public Power Communications. A hand written note from a customer was put in the night drop box on October 29, 2015. The note thanked GUC for efforts in providing quality service. They appreciated the welcomed surprise of a rate decrease. The note also stated that the October bill credit was appreciated as well. Joshua Bowden, Cashier I, received a commendation from customer Nancy Ray. Ms. Ray sent an email to Tony Cannon, General Manager/CEO, to share her great experience at the GUC Uptown location. 4. Other Mr. Cannon informed the Board that any changes related to their health or dental coverage for the 2016 plan year are due to Human Resources. Mr. Cannon thanked all the Board of Commissioners and the GUC management team for their time and for participating in the workshop meeting on November 17, 2015. Mr. Cannon thanked Dr. Rick Croskery for his service as the City Council Liaison for the past two years. Dr. Croskery stated that he did appreciate serving as the City Council Liaison to GUC. He will continue to be a supporter of the utility going forward. BOARD CHAIR’S REMARKS/REPORT (Agenda Item 8) Chair Minges shared with the Board the approved minutes from the October 5, 2015 Executive Committee meeting. Chair Minges also reminded the group of the following upcoming meeting.

• Operation Santa Claus Toy Drive, Sunday, December 6, 2015, 3:00 p.m.-5:00 p.m. GUC Operations Center on Mumford Road

• GUC Holiday Celebration, Friday, December 11, 2015, 6:30 p.m.-10:30 p.m. Greenville Convention Center

• GUC Regular Meeting, Thursday, December 17, 2015, 12:00 noon, Board Room

He announced the December 8, 2015 Workshop has been canceled. CLOSED SESSION: Upon motion by Mr. Mills, seconded by Mr. Butler, the Greenville Utilities Board of Commissioners unanimously agreed to enter Closed Session at 1:07 p.m. pursuant to:

N.C.G.S. 143-318.11(a)(1) To prevent the disclosure of information that is privileged or confidential pursuant to the law of this State or of the United States, or not considered a public record within the meaning of Chapter 132 of the General Statutes.

N.C.G.S. Section 143-318.11(a)(3) To consult with an attorney employed or retained by the public body in order to preserve the attorney – client privilege between the attorney and the public body, which privilege is hereby acknowledged.

N.C.G.S. Section 143-318.11(a)(6) To consider the qualifications, competence, performance, character, fitness, condition of appointment, or conditions of initial employment of an individual public officer or employee or prospective public officer or employee.

Upon motion by Mr. Butler, seconded by Mr. Mills, the Board of Commissioners unanimously agreed to return to Open Session at 1:58 p.m.

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Upon Motion by Mr. Butler, seconded by Mr. Stoughton, the Board of Commissioners agreed to pay the General Manager/CEO a one-time bonus in the form of a lump sum payment equal to 346 hours of work in recognition of the extraordinary amount of time and effort that the General Manager/CEO spent in assembling a team of consultants and assisting in negotiations of the sale of assets by the North Carolina Eastern Municipal Power Association (NCEMPA) to Duke Energy Progress (DEP). Such Motion also included an additional five percent (5%) increase in pay for the General Manager/CEO retroactive to July 1, 2015. The Motion passed unanimously. There being no further business to come before the Board of Commissioners, Chair Minges announced that without objection the meeting would stand adjourned at 2:02 p.m.

Respectfully submitted,

_________________________________ Amy Carson Quinn, Executive Secretary

APPROVED: ___________________________ Dennis Mitchell, Secretary

Item: Review of Monthly Financial Statement for November 30, 2015

Contact: Jeff McCauley

Explanation: November 30, 2015 Financial Statement: The Financial Statement for November 2015 is attached. Key financial metrics for the combined funds for the period ending November 2015:

Operating Cash $77,886,375 Days of Cash on Hand 141 Less Current

Liabilities ($19,863,921) Fund Balance

Appropriations for FY 2016 ($5,979,165)

Fund Balance $52,043,289 Days of Cash on Hand

After Liabilities 94 Fund Balance Available for Appropriation: 18% Average Investment Yield: 0.36% Fund Equity/Deficit Before Transfers From Fund Balance



Electric $700,778 ($328,064) ($62,384) $3,377,035 $668,338 $2,415,419

Water $135,815 $38,065 $53,795 $835,927 $557,397 $497,954

Sewer $276,873 $66,461 ($29,751) $1,040,815 $345,718 $838,662

Gas $226,298 $306,115 $1,308,251 ($1,270,572) ($1,607,020) $418,886

Combined $1,339,764 $82,577 $1,269,911 $3,983,205 ($35,567) $4,170,921


Fund Equity/Deficit After Transfers From Fund Balance



Electric $534,111 ($328,064) ($62,384) $2,543,700 $668,338 $2,415,419

Water $135,815 $38,065 $53,795 $835,927 $557,397 $497,954

Sewer $26,873 $66,461 ($29,751) ($209,185) $345,718 $838,662

Gas ($211,202) $306,115 $1,308,251 ($3,458,072) ($1,607,003) $418,886

Combined $485,597 $82,577 $1,269,911 ($287,630) ($35,550) $4,170,921

Previous Board

Actions:

N/A

Fiscal Note:


Accept November 30, 2015 Financial Statement.


Financial Report

November 30, 2015

GREENVILLE UTILITIES COMMISSION November 30, 2015

I. Key Financial Highlights

A. Days Cash On Hand November 2015 November 2014 November 2013 Electric Fund 111 93 85 Water Fund 158 109 127 Sewer Fund 241 270 250 Gas Fund 303 306 329 Combined Funds 141 125 117 B. Fund Balance Available for Appropriation Electric Water Sewer Gas Combined Funds Operating cash $47,743,676 $4,863,998 $7,438,813 $17,839,888 $77,886,375 Current liabilities ($15,196,996) ($1,597,210) ($812,570) ($2,257,145) ($19,863,921) Fund balance appropriations for FY 2016 ($1,166,665) ‐ ($1,750,000) ($3,062,500) ($5,979,165) Fund balance available for appropriation $31,380,015 $3,266,788 $4,876,243 $12,520,243 $52,043,289 Percentage of total budgeted expenditures 15.7% 17.6% 20.7% 26.3% 18.0% Days unappropriated fund balance on hand 73 106 158 212 94 C. Portfolio Management Fiscal Year 2016 Fiscal Year 2015 Fiscal Year 2014 Interest Earnings Yield Interest Earnings Yield Interest Earnings Yield July $23,678 0.40% $24,050 0.34% $15,243 0.21% August $26,143 0.43% $27,757 0.36% $14,596 0.20% September $25,839 0.35% $26,128 0.36% $14,983 0.22% October $22,741 0.35% $26,221 0.39% $15,179 0.23% November $21,649 0.36% $25,283 0.38% $13,792 0.21%

II. Fund Performance Electric November 2015 November 2014 November 2013 Number of Accounts 65,344 64,590 64,234

YTD volumes billed to customers are 25,417,526 kWh more than last year and 19,864,066 kWh more than budget. YTD revenues from retail rates and charges are $4,885,637 less than last year and $671,511 less than budget. YTD total revenues are $4,032,836 less than last year but $500,865 more than the revised budget. YTD total expenditures are $4,994,452 less than last year and $2,207,832 less than the revised budget. YTD revenues exceed YTD expenditures by $3,377,035 compared to excess revenues of $2,415,419 for last year. YTD total fund equity after transfers from fund balance is $2,543,700.


Water November 2015 November 2014 November 2013 Number of Accounts 35,214 34,922 34,692

YTD volumes billed to customers are 37,390 kgallons more than last year and 42,783 kgallons more than budget. YTD revenues from retail rates and charges are $433,551 more than last year but $378,290 less than budget. YTD total revenues are $506,489 more than last year but $351,004 less than budget. YTD total expenditures are $168,516 more than last year but $629,534 less than budget. YTD revenues exceed YTD expenditures by $835,927 compared to excess revenues of $497,954 for last year. YTD total fund equity after transfers from fund balance is $835,927.

Sewer November 2015 November 2014 November 2013 Number of Accounts 28,916 28,579 28,379

YTD revenues from retail rates and charges are $604,592 more than last year but $50,079 less than budget. YTD total revenues are $636,647 more than last year but $26,008 less than budget. YTD total expenditures are $434,494 more than last year but $721,105 less than budget. YTD revenues exceed YTD expenditures by $1,040,815 compared to excess revenues of $838,662 for last year. YTD total fund deficit after transfers from fund balance is $209,185.

Gas November 2015 November 2014 November 2013 Number of Accounts 22,798 22,443 22,367

YTD total volumes billed to customers are 564,854 ccfs less than last year and 1,445,106 ccfs less than budget. YTD revenues from retail rates and charges are $2,357,071 less than last year and $2,922,107 less than budget. YTD total revenues are $2,345,609 less than last year and $2,871,303 less than budget. YTD total expenditures are $656,151 less than last year and $3,207,751 less than budget. YTD expenditures exceed YTD revenues by $1,270,572 compared to excess revenues of $418,886 for last year. YTD total fund deficit after transfers from fund balance is $3,458,072.


III. Volumes Billed November 2015 YTD FY 2016 November 2014 YTD FY 2015 YTD % Change November 2013 YTD FY 2014

YTD % Change

Electric (kwh) 122,063,040 757,641,536 129,535,055 732,224,010 3.5% 121,804,087 714,244,423 6.1% Water (kgal) 358,934 1,667,651 372,896 1,630,261 2.3% 342,594 1,609,700 3.6% Sewer (kgal) 251,883 1,209,661 244,482 1,191,807 1.5% 228,854 1,176,011 2.9% Gas (ccf) Firm 880,675 3,036,414 1,291,096 3,477,766 ‐12.7% 1,138,043 3,223,226 ‐5.8% Interruptible 1,370,960 5,459,998 1,399,795 5,583,500 ‐2.2% 1,191,900 5,376,657 1.6% Total 2,251,635 8,496,412 2,690,891 9,061,266 ‐6.2% 2,329,943 8,599,883 ‐1.2%

IV. Cooling Degree Day Information Fiscal Year 2016 Fiscal Year 2015 % Change 6 Year Average 30 Year Average

July 498.5 404.0 23.4% 502.4 486.4 August 408.0 360.5 13.2% 423.4 427.1 September 298.5 271.0 10.1% 264.3 249.5 October 38.5 71.0 ‐45.8% 60.3 60.8 November 17.0 5.5 209.1% 9.2 10.1 YTD 1,260.5 1,112.0 13.4% 1,259.6 1,233.9

V. Heating Degree Day Information Fiscal Year 2016 Fiscal Year 2015 % 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 0.1 September 1.0 2.0 ‐50.0% 3.5 8.5 October 111.0 90.5 22.7% 126.7 153.9 November 262.5 510.0 ‐48.5% 403.3 377.8 YTD 374.5 602.5 ‐37.8% 533.5 540.3

Actual Budget Last Year Actual Budget Last YearElectric

Revenues 13,742,072 13,381,729 15,328,883 80,104,869 79,604,004 84,137,705 Expenses (13,041,294) (13,709,793) (15,391,267) (76,727,834) (78,935,666) (81,722,286) Fund Equity/Deficit 700,778 (328,064) (62,384) 3,377,035 668,338 2,415,419

Transfers from Fund Balance (166,667) ‐ ‐ (833,335) ‐ ‐ Total Fund Equity/Deficit 534,111 (328,064) (62,384) 2,543,700 668,338 2,415,419

WaterRevenues 1,583,112 1,560,834 1,560,719 7,941,452 8,292,456 7,434,963 Expenses (1,447,297) (1,522,769) (1,506,924) (7,105,525) (7,735,059) (6,937,009) Fund Equity/Deficit 135,815 38,065 53,795 835,927 557,397 497,954

Transfers from Fund Balance ‐ ‐ ‐ ‐ ‐ ‐ Total Fund Equity/Deficit 135,815 38,065 53,795 835,927 557,397 497,954

SewerRevenues 1,852,688 1,758,227 1,699,907 8,905,400 8,931,408 8,268,753 Expenses (1,575,815) (1,691,766) (1,729,658) (7,864,585) (8,585,690) (7,430,091) Fund Equity/Deficit 276,873 66,461 (29,751) 1,040,815 345,718 838,662

Transfers from Fund Balance (250,000) ‐ ‐ (1,250,000) ‐ ‐ Total Fund Equity/Deficit 26,873 66,461 (29,751) (209,185) 345,718 838,662

GasRevenues 2,595,652 4,176,731 4,499,430 9,435,999 12,307,302 11,781,608 Expenses (2,369,354) (3,870,616) (3,191,179) (10,706,571) (13,914,322) (11,362,722) Fund Equity/Deficit 226,298 306,115 1,308,251 (1,270,572) (1,607,020) 418,886

Transfers from Fund Balance (437,500) ‐ ‐ (2,187,500) 17 ‐ Total Fund Equity/Deficit (211,202) 306,115 1,308,251 (3,458,072) (1,607,003) 418,886

Combined Total Revenues 19,773,524 20,877,521 23,088,939 106,387,720 109,135,170 111,623,029

Total Expenses (18,433,760) (20,794,944) (21,819,028) (102,404,515) (109,170,737) (107,452,108) Fund Equity/Deficit 1,339,764 82,577 1,269,911 3,983,205 (35,567) 4,170,921

Total Transfers from Fund Balance (854,167) ‐ ‐ (4,270,835) 17 ‐

Total Fund Equity/Deficit 485,597 82,577 1,269,911 (287,630) (35,550) 4,170,921

Commissioners Executive Summary

November 30, 2015

Current Month Year To Date

Weather

1,260.5

1,112.0

1,134.0

1,259.6

1,233.9

1,000.0 1,100.0 1,200.0 1,300.0

15‐16

14‐15

13‐14

6 Yr Average

30 Yr Average

Fiscal YTD Cooling Degree Days

35.55

30.89

19.76

28.36

25.13

‐ 10.00 20.00 30.00 40.00

15‐16

14‐15

13‐14

6 Yr Average

25 Yr Average

Fiscal YTD Rainfall

374.5

602.5

576.5

533.5

540.3

‐ 200.0 400.0 600.0 800.0

15‐16

14‐15

13‐14

6 Yr Average

30 Yr Average

Fiscal YTD Heating Degree Days

Customer Demand

100,000

150,000

200,000

250,000

300,000

350,000

400,000

Water kgal billed2014 2015 2016

100,000

150,000

200,000

250,000

300,000

350,000

400,000

Sewer kgal billed2014 2015 2016

0

100,000

200,000

300,000

400,000

500,000

600,000

Gas Mcf billed2014 2015 2016

80,000

100,000

120,000

140,000

160,000

180,000

Electric MWh billed2014 2015 2016

Financial Trends

6.7 10.7

3.2 9.8

1.2

2.0

1.5

1.6 2.0

3.3

2.8

2.1 3.2

5.1

2.8

(0.3) (3.0)

‐ 3.0 6.0 9.0

12.0 15.0 18.0 21.0 24.0

2014 2015 2016 Budget 2016 YTD

Operating Income ($M)Electric Water Sewer Gas

9.0 11.5 17.8 1.3

2.3

4.6 7.3 4.2

6.7 2.5 7.2

6.9

‐

10.0

20.0

30.0

40.0

2014 2015 2016 Budget 2016 YTD

Capital Spending ($M)Electric Water Sewer Gas

36.025.220.1 8.1

Capital Spending for 2016 YTD:Electric $2.9M, Water $0.8M, Sewer $0.9M, Gas $3.5M

45.1 44.7 43.5 47.7

4.2 4.8 5.5 4.9 7.0 7.3 5.0 7.4 21.3 22.6

16.6 17.8

‐

20.0

40.0

60.0

80.0

100.0

2014 2015 2016 Budget 2016 YTD

Operating Cash Balances ($M)Electric Water Sewer Gas

77.6 79.4 70.6 77.813.1 21.1 10.3 13.2

Revised Variance Revised Variance Original % of Revised % of Change

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

Revenue:Rates & Charges 1 $18,698,598 $20,558,165 ($1,859,567) $103,494,064 $107,538,390 ($4,044,326) $273,675,051 37.8% $259,899,732 39.8% $22,671,067 $109,684,615 ($6,190,551)Fees & Charges 2 193,082 168,084 24,998 991,513 840,420 151,093 2,017,006 49.2% 2,017,006 49.2% 185,511 872,956 118,557 U. G. & Temp. Ser. Chgs. 3 11,074 9,500 1,574 62,590 47,500 15,090 113,989 54.9% 113,989 54.9% 13,319 60,011 2,579 Miscellaneous 4 848,319 122,352 725,967 1,711,835 611,760 1,100,075 1,468,167 116.6% 1,468,167 116.6% 192,848 875,667 836,168 Interest Income 5 22,451 19,420 3,031 127,718 97,100 30,618 233,034 54.8% 233,034 54.8% 26,194 129,780 (2,062) Bond Proceeds 6 ‐ ‐ ‐ ‐ ‐ ‐ 666,980 0.0% 666,980 0.0% ‐ ‐ ‐ Transfer from Rate Stabilization 7 ‐ ‐ ‐ ‐ ‐ ‐ 1,500,000 0.0% ‐ n/a ‐ ‐ ‐

8 $19,773,524 $20,877,521 ($1,103,997) $106,387,720 $109,135,170 ($2,747,450) $279,674,227 38.0% $264,398,908 40.2% $23,088,939 $111,623,029 ($5,235,309)

Expenditures: Operations 9 $4,493,067 $5,099,161 $606,094 $22,550,718 $25,653,167 $3,102,449 $60,787,370 37.1% $60,787,370 37.1% $5,230,940 $21,579,821 $970,897Purchased Power/Gas 10 10,566,455 12,106,321 1,539,866 61,528,956 64,132,631 2,603,675 184,950,759 33.3% 156,651,017 39.3% 14,287,527 72,977,670 (11,448,714) Capital Outlay 11 424,811 619,436 194,625 2,304,392 3,169,625 865,233 7,578,067 30.4% 7,578,067 30.4% 488,258 3,468,025 (1,163,633) Debt Service 12 1,169,908 1,259,310 89,402 5,849,540 6,296,550 447,010 15,847,670 36.9% 15,847,670 36.9% 1,262,280 6,311,400 (461,860) City Turnover 13 557,756 478,930 (78,826) 2,631,124 2,394,650 (236,474) 5,747,165 45.8% 5,747,165 45.8% 479,523 2,397,615 233,509 Street Light Reimbursement 14 63,736 62,736 (1,000) 319,120 313,680 (5,440) 752,835 42.4% 752,835 42.4% 70,500 317,577 1,543 Trans. to OPEB Trust Fund 15 ‐ ‐ ‐ 450,000 450,000 ‐ 450,000 100.0% 450,000 100.0% ‐ 400,000 50,000 Trans. To Rate Stabilization 16 939,277 950,300 (11,023) 5,676,915 5,666,700 (10,215) ‐ n/a 13,000,000 43.7% ‐ ‐ 5,676,915 Trans. to Capital Projects 17 125,000 125,000 ‐ 625,000 624,986 (14) 1,500,000 41.7% 1,500,000 41.7% ‐ ‐ 625,000 Trans. to Designated Reserves 18 93,750 93,750 ‐ 468,750 468,748 (2) 1,125,000 41.7% 1,125,000 41.7% ‐ ‐ 468,750

19 $18,433,760 $20,794,944 $2,339,138 $102,404,515 $109,170,737 $6,766,222 $278,738,866 36.7% $263,439,124 38.9% $21,819,028 $107,452,108 ($5,047,593)

Equity/Deficit from Operations 20 $1,339,764 $82,577 $1,257,187 $3,983,205 ($35,567) $4,018,772 $935,361 $959,784 $1,269,911 $4,170,921 ($187,716)

Transfers from Fund Balance Appropriated Fund Balance 21 ‐ 854,167 (854,167) ‐ 4,270,835 (4,270,835) 10,250,000 0.0% 10,250,000 0.0% ‐ ‐ ‐ Trans. to Capital Projects 22 (854,167) (854,167) ‐ (4,270,835) (4,270,818) (17) (10,250,000) 41.7% (10,250,000) n/a ‐ ‐ (4,270,835) Trans. to Designated Reserves ‐ ‐ ‐ ‐ ‐ ‐ ‐ n/a ‐ n/a ‐ ‐ ‐

23 ($854,167) $0 ($854,167) ($4,270,835) $17 ($4,270,852) $0 $0 $0 $0 ($4,270,835)

Total Equity/Deficit 24 $485,597 $82,577 $403,020 ($287,630) ($35,550) ($252,080) $935,361 $959,784 $1,269,911 $4,170,921 ($4,458,551)

Current Fiscal Year Prior Fiscal Year

Greenville Utilities CommissionRevenue and Expenses ‐ Combined

November 30, 2015

Revised Variance Revised Variance Original % of Revised % of Change


Customer Demand:Number of Accounts 1 65,344 64,590 kWh Purchased 2 124,497,768 127,655,202 3,157,434 756,845,848 761,216,180 4,370,332 1,746,309,198 43.3% 1,746,309,198 43.3% 132,334,859 742,032,258 14,813,590 kWh Billed1 3 122,063,040 123,744,816 (1,681,776) 757,641,536 737,777,470 19,864,066 1,691,911,969 44.8% 1,691,911,969 44.8% 129,535,055 732,224,010 25,417,526

Revenue:Rates & Charges ‐ Retail 4 $12,810,337 $13,182,255 ($371,918) $77,935,123 $78,606,634 ($671,511) $194,107,125 40.2% 180,331,806$ 43.2% $15,077,497 $82,820,760 ($4,885,637)Fees & Charges 5 124,340 99,492 24,848 618,905 497,460 121,445 1,193,900 51.8% 1,193,900 51.8% 106,458 574,330 44,575 U. G. & Temp. Ser. Chgs. 6 10,974 9,241 1,733 61,090 46,205 14,885 110,886 55.1% 110,886 55.1% 13,119 58,811 2,279 Miscellaneous 7 784,552 80,817 703,735 1,424,428 404,085 1,020,343 969,795 146.9% 969,795 146.9% 117,581 614,875 809,553 Interest Income 8 11,869 9,924 1,945 65,323 49,620 15,703 119,083 54.9% 119,083 54.9% 14,228 68,929 (3,606) Bond Proceeds 9 ‐ ‐ ‐ ‐ ‐ ‐ 226,100 0.0% 226,100 0.0% ‐ ‐ ‐ Transfer from Rate Stabilization 10 ‐ ‐ ‐ ‐ ‐ ‐ 1,500,000 0.0% ‐ n/a ‐ ‐ ‐

11 $13,742,072 $13,381,729 $360,343 $80,104,869 $79,604,004 $500,865 $198,226,889 40.4% $182,951,570 43.8% $15,328,883 $84,137,705 ($4,032,836)

Expenditures: Operations 12 $1,878,279 $2,204,857 $326,578 $9,815,402 $11,087,346 $1,271,944 $26,277,340 37.4% 26,277,340$ 37.4% $2,169,044 $9,129,809 $685,593Purchased Power 13 9,247,195 9,467,555 220,360 56,014,856 56,455,639 440,783 157,814,859 35.5% 129,515,117 43.2% 12,206,202 66,307,544 (10,292,688) Capital Outlay 14 261,274 388,345 127,071 1,475,498 1,984,801 509,303 4,746,289 31.1% 4,746,289 31.1% 291,013 2,474,816 (999,318) Debt Service 15 249,875 273,902 24,027 1,249,375 1,369,510 120,135 3,512,883 35.6% 3,512,883 35.6% 284,071 1,420,355 (170,980) City Turnover 16 401,658 362,098 (39,560) 1,929,168 1,810,490 (118,678) 4,345,176 44.4% 4,345,176 44.4% 370,437 1,852,185 76,983 Street Light Reimbursement 17 63,736 62,736 (1,000) 319,120 313,680 (5,440) 752,835 42.4% 752,835 42.4% 70,500 317,577 1,543 Trans. to OPEB Trust Fund 18 ‐ ‐ ‐ 247,500 247,500 ‐ 247,500 100.0% 247,500 100.0% ‐ 220,000 27,500 Trans. To Rate Stabilization 19 939,277 950,300 (11,023) 5,676,915 5,666,700 (10,215) ‐ n/a 13,000,000 43.7% ‐ ‐ 5,676,915

20 $13,041,294 $13,709,793 $646,453 $76,727,834 $78,935,666 $2,207,832 $197,696,882 38.8% $182,397,140 42.1% $15,391,267 $81,722,286 ($4,994,452)

Equity/Deficit from Operations 21 $700,778 ($328,064) $1,028,842 $3,377,035 $668,338 $2,708,697 $530,007 $554,430 ($62,384) $2,415,419 $961,616

Transfers from Fund Balance Appropriated Fund Balance 22 ‐ 166,667 (166,667) ‐ 833,335 (833,335) 2,000,000 0.0% 2,000,000 ‐ ‐ ‐ Trans. to Capital Projects 23 (166,667) (166,667) ‐ (833,335) (833,335) ‐ (2,000,000) 41.7% (2,000,000) n/a ‐ ‐ (833,335)

24 ($166,667) $0 ($166,667) ($833,335) $0 ($833,335) $0 $0 $0 $0 ($833,335)

Total Equity/Deficit 25 $534,111 ($328,064) $862,175 $2,543,700 $668,338 $1,875,362 $530,007 $554,430 ($62,384) $2,415,419 $128,281

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

November 30, 2015


Variance Variance Original % of Revised % of Change


Customer Demand:Number of Accounts 1 35,214 34,922 Kgallons Pumped 2 393,533 364,358 (29,175) 1,984,237 2,037,128 52,891 4,679,805 42.4% 4,679,805 42.4% 423,918 2,064,641 (80,404) Kgallons Billed ‐ Retail 3 280,035 272,153 7,882 1,506,543 1,463,507 43,036 3,260,975 46.2% 3,260,975 46.2% 298,247 1,479,326 27,217 Kgallons Billed ‐ Wholesale1 4 78,899 70,852 8,047 161,108 161,361 (253) 253 63679.1% 589,784 27.3% 74,649 150,935 10,173 Kgallons Billed 5 358,934 343,005 15,929 1,667,651 1,624,868 42,783 3,261,228 51.1% 3,850,759 43.3% 372,896 1,630,261 37,390

Revenue:Rates & Charges ‐ Retail 6 $1,378,332 $1,382,678 ($4,346) $7,333,726 $7,712,016 ($378,290) $16,762,369 43.8% 16,762,369$ 43.8% $1,380,503 $6,900,175 $433,551Rates & Charges ‐ Wholesale1 7 138,813 125,854 12,959 324,476 318,930 5,546 1,082,583 30.0% 1,082,583 30.0% 130,675 280,230 44,246 Fees & Charges 8 32,543 29,044 3,499 153,858 145,220 8,638 348,516 44.1% 348,516 44.1% 25,572 116,594 37,264 Temporary Service Charges 9 100 259 (159) 1,500 1,295 205 3,103 48.3% 3,103 48.3% 200 1,200 300 Miscellaneous 10 29,770 19,815 9,955 108,530 99,075 9,455 237,759 45.6% 237,759 45.6% 20,434 118,701 (10,171) Interest Income 11 3,554 3,184 370 19,362 15,920 3,442 38,209 50.7% 38,209 50.7% 3,335 18,063 1,299 Bond Proceeds 12 ‐ ‐ ‐ ‐ ‐ ‐ 46,800 0.0% 46,800 0.0% ‐ ‐ ‐

13 $1,583,112 $1,560,834 $22,278 $7,941,452 $8,292,456 ($351,004) $18,519,339 42.9% $18,519,339 42.9% $1,560,719 $7,434,963 $506,489

Expenditures: Operations 14 $973,011 $1,031,046 $58,035 $4,641,822 $5,204,170 $562,348 $12,377,137 37.5% 12,377,137$ 37.5% $1,120,433 $4,807,096 ($165,274)Capital Outlay 15 33,274 45,736 12,462 191,143 233,457 42,314 558,369 34.2% 558,369 34.2% 54,819 411,553 (220,410) Debt Service 16 303,512 308,487 4,975 1,517,560 1,542,435 24,875 3,748,645 40.5% 3,748,645 40.5% 331,672 1,658,360 (140,800) Trans. to OPEB Trust Fund 17 ‐ ‐ ‐ 67,500 67,500 ‐ 67,500 100.0% 67,500 100.0% ‐ 60,000 7,500 Trans. to Capital Projects 18 87,500 87,500 ‐ 437,500 437,497 (3) 1,050,000 41.7% 1,050,000 41.7% ‐ ‐ 437,500 Trans. to Designated Reserves 19 50,000 50,000 ‐ 250,000 250,000 ‐ 600,000 41.7% 600,000 41.7% ‐ ‐ 250,000

20 $1,447,297 $1,522,769 $75,472 $7,105,525 $7,735,059 $629,534 $18,401,651 38.6% $18,401,651 38.6% $1,506,924 $6,937,009 $168,516

Equity/Deficit from Operations 21 $135,815 $38,065 $97,750 $835,927 $557,397 $278,530 $117,688 $53,795 $497,954 $337,973

Total Equity/Deficit 22 $135,815 $38,065 $97,750 $835,927 $557,397 $278,530 $117,688 $117,688 $53,795 $497,954 $337,973

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

November 30, 2015




Customer Demand:Number of Accounts 1 28,916 28,579 Kgallons Total Flow 2 371,890 268,946 (102,944) 1,620,930 1,406,344 (214,586) 3,425,162 47.3% 3,425,162 47.3% 287,890 1,655,420 (34,490) Kgallons Billed ‐ Retail 3 232,934 227,255 5,679 1,167,805 1,151,410 16,395 2,634,740 44.3% 2,634,740 44.3% 236,755 1,144,553 23,252 Kgallons Billed ‐ Wholesale1 4 18,949 8,234 10,715 41,856 46,838 (4,982) 111,460 37.6% 111,460 37.6% 7,727 47,254 (5,398) Total Kgallons Billed 5 251,883 235,489 16,394 1,209,661 1,198,248 11,413 2,746,200 44.0% 2,746,200 44.0% 244,482 1,191,807 17,854

Revenue:Rates & Charges ‐ Retail 6 $1,702,718 $1,672,233 $30,485 $8,419,642 $8,469,721 ($50,079) $19,408,763 43.4% 19,408,763$ 43.4% $1,606,546 $7,815,050 $604,592Rates & Charges ‐ Wholesale1 7 106,112 46,112 60,000 234,392 262,277 (27,885) 624,174 37.6% 624,174 37.6% 43,274 264,624 (30,232) Fees & Charges 8 23,309 27,991 (4,682) 159,170 139,955 19,215 335,902 47.4% 335,902 47.4% 32,841 118,692 40,478 Miscellaneous 9 18,290 10,120 8,170 79,339 50,600 28,739 121,431 65.3% 121,431 65.3% 14,698 57,660 21,679 Interest Income 10 2,259 1,771 488 12,857 8,855 4,002 21,246 60.5% 21,246 60.5% 2,548 12,727 130 Bond Proceeds 11 ‐ ‐ ‐ ‐ ‐ ‐ 49,780 0.0% 49,780 0.0% ‐ ‐ ‐

12 $1,852,688 $1,758,227 $94,461 $8,905,400 $8,931,408 ($26,008) $20,561,296 43.3% $20,561,296 43.3% $1,699,907 $8,268,753 $636,647

Expenditures: Operations 13 $948,781 $1,013,881 $65,100 $4,659,595 $5,126,125 $466,530 $12,077,179 38.6% 12,077,179$ 38.6% $1,105,614 $4,473,101 $186,494Capital Outlay 14 38,139 65,171 27,032 193,015 328,508 135,493 787,319 24.5% 787,319 24.5% 93,426 243,900 (50,885) Debt Service 15 507,645 531,464 23,819 2,538,225 2,657,320 119,095 6,496,348 39.1% 6,496,348 39.1% 530,618 2,653,090 (114,865) Trans. to OPEB Trust Fund 16 ‐ ‐ ‐ 67,500 67,500 ‐ 67,500 100.0% 67,500 100.0% ‐ 60,000 7,500 Trans. to Capital Projects 17 37,500 37,500 ‐ 187,500 187,489 (11) 450,000 41.7% 450,000 41.7% ‐ ‐ 187,500 Trans. to Designated Reserves 18 43,750 43,750 ‐ 218,750 218,748 (2) 525,000 41.7% 525,000 41.7% ‐ ‐ 218,750

19 $1,575,815 $1,691,766 $115,951 $7,864,585 $8,585,690 $721,105 $20,403,346 38.5% $20,403,346 38.5% $1,729,658 $7,430,091 $434,494

Equity/Deficit from Operations 20 $276,873 $66,461 $210,412 $1,040,815 $345,718 $695,097 $157,950 ($29,751) $838,662 $202,153

Transfers from Fund Balance Appropriated Fund Balance 21 $0 $250,000 ($250,000) $0 $1,250,000 ($1,250,000) $3,000,000 0.0% 3,000,000$ 0.0% $0 $0 $0Trans. to Capital Projects 22 (250,000) (250,000) ‐ (1,250,000) (1,250,000) ‐ (3,000,000) 41.7% (3,000,000) n/a ‐ ‐ (1,250,000)

23 ($250,000) $0 ($250,000) ($1,250,000) $0 ($1,250,000) $0 $0 $0 $0 ($1,250,000)

Total Equity/Deficit 24 $26,873 $66,461 ($39,588) ($209,185) $345,718 ($554,903) $157,950 $157,950 ($29,751) $838,662 ($1,047,847)

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

November 30, 2015




Customer Demand:Number of Accounts 1 22,798 22,443 CCFs Purchased 2 2,644,175 3,379,780 735,605 10,135,269 10,683,780 548,511 35,353,390 28.7% 35,353,390 28.7% 3,640,343 10,879,130 (743,861) CCFs Delivered to GUC 3 2,553,040 3,281,091 728,051 9,717,409 10,371,814 654,405 34,321,071 28.3% 34,321,071 28.3% 3,536,315 10,527,622 (810,213) CCFs Billed ‐ Firm 4 880,675 1,891,328 (1,010,653) 3,036,414 4,528,411 (1,491,997) 16,983,900 17.9% 16,983,900 17.9% 1,291,096 3,477,766 (441,352) CCFs Billed ‐ Interruptible 5 1,370,960 1,253,024 117,936 5,459,998 5,413,107 46,891 15,919,500 34.3% 15,919,500 34.3% 1,399,795 5,583,500 (123,502) CCFs Billed ‐ Total 6 2,251,635 3,144,352 (892,717) 8,496,412 9,941,518 (1,445,106) 32,903,400 25.8% 32,903,400 25.8% 2,690,891 9,061,266 (564,854)

Revenue:Rates & Charges ‐ Retail 7 $2,562,286 $4,149,033 ($1,586,747) $9,246,705 $12,168,812 ($2,922,107) $41,690,037 22.2% 41,690,037$ 22.2% $4,432,572 $11,603,776 ($2,357,071)Fees & Charges 8 12,890 11,557 1,333 59,580 57,785 1,795 138,688 43.0% 138,688 43.0% 20,640 63,340 (3,760) Miscellaneous 9 15,707 11,600 4,107 99,538 58,000 41,538 139,182 71.5% 139,182 71.5% 40,135 84,431 15,107 Interest Income 10 4,769 4,541 228 30,176 22,705 7,471 54,496 55.4% 54,496 55.4% 6,083 30,061 115 Bond Proceeds 11 ‐ ‐ ‐ ‐ ‐ ‐ 344,300 0.0% 344,300 0.0% ‐ ‐ ‐

12 $2,595,652 $4,176,731 ($1,581,079) $9,435,999 $12,307,302 ($2,871,303) $42,366,703 22.3% $42,366,703 22.3% $4,499,430 $11,781,608 ($2,345,609)

Expenditures: Operations 13 $692,996 $849,377 $156,381 $3,433,899 $4,235,526 $801,627 $10,055,714 34.1% 10,055,714$ 34.1% $835,849 $3,169,815 $264,084Purchased Gas 14 1,319,260 2,638,766 1,319,506 5,514,100 7,676,992 2,162,892 27,135,900 20.3% 27,135,900 20.3% 2,081,325 6,670,126 (1,156,026) Capital Outlay 15 92,124 120,184 28,060 444,736 622,859 178,123 1,486,090 29.9% 1,486,090 29.9% 49,000 337,756 106,980 Debt Service 16 108,876 145,457 36,581 544,380 727,285 182,905 2,089,794 26.0% 2,089,794 26.0% 115,919 579,595 (35,215) City Turnover 17 156,098 116,832 (39,266) 701,956 584,160 (117,796) 1,401,989 50.1% 1,401,989 50.1% 109,086 545,430 156,526 Trans. to OPEB Trust Fund 18 ‐ ‐ ‐ 67,500 67,500 ‐ 67,500 100.0% 67,500 100.0% ‐ 60,000 7,500

19 $2,369,354 $3,870,616 $1,501,262 $10,706,571 $13,914,322 $3,207,751 $42,236,987 25.3% $42,236,987 25.3% $3,191,179 $11,362,722 ($656,151)

Equity/Deficit from Operations 20 $226,298 $306,115 ($79,817) ($1,270,572) ($1,607,020) $336,448 $129,716 $129,716 $1,308,251 $418,886 ($1,689,458)

Transfers from Fund Balance Appropriated Fund Balance 21 $0 $437,500 ($437,500) $0 $2,187,500 ($2,187,500) $5,250,000 0.0% 5,250,000$ 0.0% $0 $0 $0Trans. to Capital Projects 22 (437,500) (437,500) ‐ (2,187,500) (2,187,483) (17) (5,250,000) 41.7% (5,250,000) n/a ‐ ‐ (2,187,500)

23 ($437,500) $0 ($437,500) ($2,187,500) $17 ($2,187,517) $0 $0 $0 $0 ($2,187,500)

Total Equity/Deficit 24 ($211,202) $306,115 ($517,317) ($3,458,072) ($1,607,003) ($1,851,069) $129,716 $129,716 $1,308,251 $418,886 ($3,876,958)

Greenville Utilities CommissionRevenue and Expenses ‐ Gas Fund

November 30, 2015


Line Electric Water Sewer GasNos. Fund Fund Fund Fund Total

Operating revenues:Charges for services 1 12,945,651$ 1,549,788$ 1,832,137$ 2,575,176$ 18,902,752$ Other operating revenues 2 46,444 9,257 9,690 6,334 71,725

Total operating revenues 3 12,992,095 1,559,045 1,841,827 2,581,510 18,974,477

Operating expenses:Administration and general 4 802,333 268,721 268,614 273,234 1,612,902 Operations and maintenance 5 1,075,945 704,290 680,165 419,761 2,880,161 Purchased power and gas 6 9,247,195 ‐ ‐ 1,319,260 10,566,455 Depreciation 7 604,366 317,097 402,339 127,651 1,451,453

Total operating expenses 8 11,729,839 1,290,108 1,351,118 2,139,906 16,510,971

Operating income (loss) 9 1,262,256 268,937 490,709 441,604 2,463,506

Non‐operating revenues (expenses):Interest income 10 11,351 3,604 2,038 4,656 21,649 Debt interest expense and service charges 11 (48,177) (81,112) (130,398) (14,945) (274,632) Other nonoperating revenues 12 738,108 54,540 40,160 9,372 842,180

Net nonoperating revenues 13 701,282 (22,968) (88,200) (917) 589,197

Income before contributions and transfers 14 1,963,538 245,969 402,509 440,687 3,052,703

Contribution and transfers:Transfer to City of Greenville, General Fund 15 (401,658) ‐ ‐ (156,098) (557,756) Transfer to City of Greenville, street light reimbursement 16 (63,736) ‐ ‐ ‐ (63,736)

Total operating transfers 17 (465,394) ‐ ‐ (156,098) (621,492)

Changes in net position 18 1,498,144 245,969 402,509 284,589 2,431,211

Net position, beginning of month 19 $128,722,364 $69,262,470 $100,672,427 $51,049,187 349,706,448

Net position, end of month 20 130,220,508$ 69,508,439$ 101,074,936$ 51,333,776$ 352,137,659$

Major Funds

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

November 30, 2015

Line Electric Water Sewer GasNos. Fund Fund Fund Fund Total Last Year

Operating revenues:Charges for services 1 78,615,118$ 7,813,560$ 8,813,203$ 9,306,285$ 104,548,166$ 110,617,579$ Other operating revenues 2 281,084 42,302 46,027 31,053 400,466 468,695

Total operating revenues 3 78,896,202 7,855,862 8,859,230 9,337,338 104,948,632 111,086,274

Operating expenses:Administration and general 4 4,318,823 1,406,391 1,397,771 1,433,776 8,556,761 7,800,631 Operations and maintenance 5 5,744,080 3,302,934 3,329,325 2,067,624 14,443,963 14,178,991 Purchased power and gas 6 56,014,856 ‐ ‐ 5,514,100 61,528,956 72,977,670 Depreciation 7 3,020,325 1,585,488 2,011,698 638,258 7,255,769 7,121,173

Total operating expenses 8 69,098,084 6,294,813 6,738,794 9,653,758 91,785,449 102,078,465

Operating income (Loss) 9 9,798,118 1,561,049 2,120,436 (316,420) 13,163,183 9,007,809

Non‐operating revenues (expenses):Interest income 10 59,474 19,649 10,389 30,538 120,050 129,439 Debt interest expense and service charges 11 (240,885) (405,560) (651,990) (74,725) (1,373,160) (1,529,550) Other nonoperating revenues 12 1,143,343 159,157 136,351 68,485 1,507,336 1,186,810

Net nonoperating revenues 13 961,932 (226,754) (505,250) 24,298 254,226 (213,301)

Income before contributions and transfers 14 10,760,050 1,334,295 1,615,186 (292,122) 13,417,409 8,794,508

Contributions and transfers:Capital Contributions ‐ ‐ ‐ ‐ ‐ ‐ Transfer to City of Greenville, General Fund 15 (1,929,168) ‐ ‐ (701,956) (2,631,124) (2,397,615) Transfer to City of Greenville, street light reimbursement 16 (319,120) ‐ ‐ ‐ (319,120) (317,577)

Total contributions and transfers 17 (2,248,288) ‐ ‐ (701,956) (2,950,244) (2,715,192)

Changes in net position 18 8,511,762 1,334,295 1,615,186 (994,078) 10,467,165 6,079,316

Beginning net position 19 121,708,746 68,174,144 99,459,750 52,327,854 341,670,494 331,766,866

Ending net position 20 130,220,508$ 69,508,439$ 101,074,936$ 51,333,776$ 352,137,659$ 337,846,182$

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

November 30, 2015

Major Funds

Fiscal Year to Date

Line # Electric Water Sewer Gas Total Last Year

Sources:Operating income 1 9,798,118$ 1,561,049$ 2,120,436$ (316,420)$ 13,163,183$ 9,007,809$ Depreciation 2 3,020,325 1,585,488 2,011,698 638,258 7,255,769 7,121,173 Changes in working capital 3 2,160,286 62,778 (253,244) (959,035) 1,010,785 (3,122,924) Interest earned 4 65,323 19,362 12,857 30,176 127,718 129,780

Subtotal 5 15,044,052 3,228,677 3,891,747 (607,021) 21,557,455 13,135,838

Uses:City Turnover 6 (1,929,168) ‐ ‐ (701,956) (2,631,124) (2,397,615) City Street Light reimbursement 7 (319,120) ‐ ‐ ‐ (319,120) (317,577) Debt service payments 8 (1,741,948) (2,519,173) (2,121,967) (829,866) (7,212,954) (7,188,472) Capital Outlay expenditures 9 (1,475,498) (191,143) (193,015) (444,736) (2,304,392) (3,468,025) Transfer to Rate Stabilization Fund 10 (5,676,915) ‐ ‐ ‐ (5,676,915) ‐ Transfer to Capital Projects Fund 11 (833,335) (437,500) (1,437,500) (2,187,500) (4,895,835) ‐

Subtotal 12 (11,975,984) (3,147,816) (3,752,482) (4,164,058) (23,040,340) (13,371,689)

Net increase (decrease) ‐ operating cash 13 3,068,068 80,861 139,265 (4,771,079) (1,482,885) (235,851)

Rate stabilization fundTransfer from Operating Fund 14 5,676,915 ‐ ‐ 5,676,915 ‐ Interest earnings 15 5,487 ‐ ‐ ‐ 5,487 ‐

Net increase (decrease) ‐ rate stabilization fund 16 5,682,402 ‐ ‐ ‐ 5,682,402 ‐

Capital projects fundProceeds from debt issuance 17 ‐ ‐ 1,405,778 ‐ 1,405,778 ‐ Contributions/grants 18 ‐ ‐ ‐ ‐ ‐ 600,000 Acreage fees and capacity fees 19 ‐ 92,928 103,040 ‐ 195,968 179,833 Interest earnings (expense) 20 (11,336) 287 (2,468) 362 (13,155) (341) Transfer from Operating Fund 21 833,335 437,500 1,437,500 2,187,500 4,895,835 ‐ Changes in working capital 22 23,772 3,705 39,970 4,731 72,178 337,183 Capital Projects expenditures 23 (1,404,355) (624,525) (1,433,683) (3,924,084) (7,386,647) (5,842,510)

Net increase (decrease) ‐ capital projects fund 24 (558,584) (90,105) 1,550,137 (1,731,491) (830,043) (4,725,835)

Net increase (decrease) ‐ operating, rate stabilization and capital projects 25 8,191,886 (9,244) 1,689,402 (6,502,570) 3,369,474 (4,961,686)

Cash and investments and revenue bond proceeds26 39,469,341$ 6,514,495$ 6,100,985$ 24,753,755$ 76,838,576$ 82,053,279$

Cash and investments and revenue bond proceeds27 47,661,227$ 6,505,251$ 7,790,387$ 18,251,185$ 80,208,050$ 77,091,593$

Cash and Investment (A) 28 46,782,001 4,740,022 6,699,273 17,723,742 75,945,038 72,632,024 Revenue Bond Proceeds 29 879,226 1,765,229 1,091,114 527,443 4,263,012 4,459,569 subtotal 30 47,661,227 6,505,251 7,790,387 18,251,185 80,208,050 77,091,593

(A) Operating Fund 31 47,743,676 4,863,998 7,438,813 17,839,888 77,886,375 77,410,631 Capital Project Fund 32 (8,144,077) (123,976) (739,540) (116,146) (9,123,739) (4,778,607)

33 39,599,599 4,740,022 6,699,273 17,723,742 68,762,636 72,632,024

June 30, 2015

November 30, 2015

Greenville Utilities CommissionStatement of Cash Flows

Fiscal Year to DateNovember 30, 2015

Line # Electric Fund Water Fund Sewer Fund Gas Fund TotalAssetsCurrent assets:Cash and investments 1 39,599,599$ 3,499,731$ 5,284,020$ 17,723,742$ 66,107,092$ Cash and Investments ‐ Rate Stabilization Fund 2 7,182,402 ‐ ‐ ‐ 7,182,402 Accounts receivable, net 3 16,969,461 1,972,179 2,379,021 2,966,171 24,286,832 Due from other governments 4 710,545 229,626 192,899 343,922 1,476,992 Due from City of Greenville 5 358,030 ‐ ‐ ‐ 358,030 Inventories 6 5,330,069 714,639 196,355 648,569 6,889,632 Prepaid expenses and deposits 7 535,850 136,752 133,067 116,309 921,978

Total current assets 8 70,685,956 6,552,927 8,185,362 21,798,713 107,222,958

Non‐current assets:Restricted assets:

Restricted cash and cash equivalents:Bond funds 9 879,226 1,765,229 1,091,114 527,443 4,263,012 Capacity fees 10 ‐ 1,240,291 1,415,253 ‐ 2,655,544 Total restricted cash and cash equivalents 11 879,226 3,005,520 2,506,367 527,443 6,918,556

Net pension asset 12 1,111,749 489,601 466,593 413,002 2,480,945 Total restricted assets 13 1,990,975 3,495,121 2,972,960 940,445 9,399,501

Notes receivable 14 ‐ 400,164 ‐ ‐ 400,164

Capital assets:Land, easements and construction in progress 15 17,521,883 4,425,529 31,738,857 13,404,959 67,091,228 Other capital assets, net of depreciation 16 79,523,201 84,133,089 112,025,373 25,836,722 301,518,385

Total capital assets 17 97,045,084 88,558,618 143,764,230 39,241,681 368,609,613 Total non‐current assets 18 99,036,059 92,453,903 146,737,190 40,182,126 378,409,278

Total assets 19 169,722,015 99,006,830 154,922,552 61,980,839 485,632,236

Deferred Outflows of ResourcesPension deferrals 20 837,790 368,953 351,614 311,230 1,869,587 Unamortized bond refunding charges 21 303,184 343,201 154,791 172,110 973,286

Total deferred outflows of resources 22 1,140,974 712,154 506,405 483,340 2,842,873

LiabilitiesCurrent liabilities:Accounts payable and accrued expenses 23 12,296,700 858,625 525,990 2,032,562 15,713,877 Customer deposits 24 2,909,652 570,673 1,575 384,161 3,866,061 Accrued interest payable 25 68,260 81,597 151,554 25,579 326,990 Due to City of Greenville 26 101,277 ‐ ‐ ‐ 101,277 Unearned revenue1 27 ‐ 105,331 163,140 ‐ 268,471 Current portion of compensated absences 28 695,887 310,569 302,248 230,392 1,539,096 Current maturities of long‐term debt 29 980,577 656,130 2,771,187 393,723 4,801,617

Total current liabilities 30 17,052,353 2,582,925 3,915,694 3,066,417 26,617,389

Non‐current liabilitiesCompensated absences 31 97,546 91,415 89,991 114,577 393,529 Long‐term debt, excluding current portion 32 15,382,048 24,025,427 47,247,302 5,179,746 91,834,523 Other post‐employment benefits 33 5,400,930 2,317,500 1,963,833 1,763,076 11,445,339

Total non current liabilities 34 20,880,524 26,434,342 49,301,126 7,057,399 103,673,391

Total liabilities 35 37,932,877 29,017,267 53,216,820 10,123,816 130,290,780

Deferred Inflows of ResourcesPension deferrals 36 2,709,604 1,193,278 1,137,201 1,006,587 6,046,670

Total deferred inflows of resources 37 2,709,604 1,193,278 1,137,201 1,006,587 6,046,670

Net PositionNet investment in capital assets 38 81,864,869 65,985,491 94,991,646 34,367,765 277,209,771 Unrestricted 39 48,355,639 3,522,948 6,083,290 16,966,011 74,927,888

Total net position 40 130,220,508$ 69,508,439$ 101,074,936$ 51,333,776$ 352,137,659$

1 Unearned revenue includes prepaid water and sewer tap fees.

Greenville Utilities CommissionStatement of Net Position

November 30, 2015

Project # Project Name Total Estimated Project Costs Original Budget

Board Approval

Current Approved Budget

Month To Date

Expenditures Year To Date Expenditures

Project To Date

Expenditures

% of Budget

ExpendedEstimated

Completion Date

ECP‐136 OPTICS Phase 3A 10,272,000 11,272,000 5/17/2012 10,272,000 ‐ 128,145 9,424,932 91.8% 6/30/2016ECP‐141 OPTICS Phase 3B 15,405,000 14,405,000 6/13/2013 15,405,000 155,887 1,841,335 10,937,443 71.0% 2/1/2017FCP‐100 Downtown Office Efficiency and Enhancement 1,750,000 1,750,000 6/11/2015 1,750,000 ‐ ‐ ‐ 0.0% 6/30/2017FCP‐10062 New Operations Center 4,100,000 4,100,000 6/12/2014 4,100,000 ‐ ‐ ‐ 0.0% 12/31/2022FCP‐10066 Downtown Facilities Development 1,400,000 1,400,000 11/19/2015 1,400,000 ‐ ‐ ‐ 0.0% 3/31/2018WCP‐120 Water/Sewer Meter ERT/Low Lead Compliance Changeout 3,125,000 3,125,000 6/12/2014 3,125,000 ‐ 186,049 375,684 12.0% 6/30/2019

Total Shared Capital Projects 36,052,000$ 36,052,000$ 36,052,000$ 155,887$ 2,155,529$ 20,738,059$ 57.5%

ECP‐132 Substation Modernization 2,800,000 3,000,000 4/20/2010 3,000,000 ‐ 10,144 2,767,828 92.3% CompleteECP‐133 Sugg Parkway Transmission Line 1,700,000 1,700,000 5/17/2011 1,700,000 ‐ ‐ ‐ 0.0% 7/1/2017ECP‐134 Sugg Parkway Substation 3,400,000 3,400,000 5/17/2011 3,400,000 ‐ 3,150 6,050 0.2% 7/1/2017ECP‐138 Greenville 230 kV South POD Substation 6,000,000 300,000 9/20/2012 4,500,000 11,230 11,230 121,042 2.7% 7/1/2019ECP‐142 Bells Fork to Hollywood Substation Upgrade 2,370,000 2,370,000 6/13/2013 4,240,000 32,914 72,249 400,954 9.5% 12/30/2018ECP‐144 10th Street Connector Project 1,535,000 1,535,000 12/19/2013 1,535,000 ‐ ‐ 1,005,509 65.5% TBD by NCDOTECP‐145 Dyneema Peaking Generator 5,000,000 5,000,000 6/11/2015 5,000,000 (752,706) 453,244 453,244 9.1% 12/1/2016

Total Electric Capital Projects 22,805,000$ 17,305,000$ 23,375,000$ (708,562)$ 550,017$ 4,754,627$ 20.3%

WCP‐115 WTP Impoundment Dredging 350,000 350,000 6/13/2013 350,000 1,499 1,499 28,841 8.2% 5/31/2016WCP‐116 WTP Sedimentation Basin Upgrade 355,000 355,000 6/13/2013 600,000 ‐ ‐ 107,960 18.0% 5/31/2017WCP‐117 WTP Upgrade Phase I 1,900,000 1,900,000 6/12/2014 1,900,000 ‐ ‐ ‐ 0.0% 7/31/2016WCP‐121 10th Street Connector Project 892,500 892,500 10/16/2014 892,500 ‐ 5,875 5,875 0.7% TBD by NCDOTWCP‐122 Water Main Rehabilitation Program Phase I 1,500,000 1,500,000 12/18/2014 1,500,000 98,463 239,370 278,035 18.5% 9/30/2016WCP‐123 COG Town Creek Culvert Improvement 80,000 80,000 3/19/2015 80,000 ‐ ‐ ‐ 0.0% 12/31/2016WCP‐124 Residual Lagoon Improvements 1,250,000 1,250,000 6/11/2015 1,250,000 ‐ ‐ ‐ 0.0% 6/30/2020

Total Water Capital Projects 6,327,500$ 6,327,500$ 6,572,500$ 99,962$ 246,744$ 420,711$ 6.4%

SCP‐99 Sterling Pointe Pump Station and Force Main Project 11,693,599 1,034,000 3/25/2008 9,900,000 ‐ 554,247 9,822,543 99.2% 4/30/2016SCP‐100 Westside Pump Station and Force Main Project 15,695,532 1,300,000 9/16/2008 15,287,369 ‐ 93,348 14,614,652 95.6% 7/31/2016SCP‐115 Southwest Commercial Park Sewer Extension Project 300,000 300,000 11/17/2011 300,000 13,325 13,325 300,000 100.0% CompleteSCP‐117 WWTP Ultraviolet Disinfection Equip. Replacement 3,360,000 3,360,000 6/13/2013 3,360,000 181,077 195,901 448,014 13.3% 2/28/2016SCP‐118 Southside Pump Station Upgrade 3,450,000 3,450,000 6/13/2013 3,450,000 ‐ 13,793 312,272 9.1% 6/30/2016SCP‐120 Sewer Biosolids Processing Upgrades 6,800,000 6,800,000 6/12/2014 6,800,000 ‐ 6,270 6,270 0.1% 7/31/2017SCP‐121 Sewer Harris Mill Intercepter 524,000 524,000 6/12/2014 524,000 629 6,337 44,835 8.6% 12/31/2015SCP‐122 WWTP Air Distribution System 1,500,000 1,500,000 11/20/2014 1,500,000 ‐ 104,319 114,149 7.6% 6/30/2016SCP‐123 COG Town Creek Culvert Improvement 80,000 80,000 3/19/2015 80,000 ‐ ‐ ‐ 0.0% 12/31/2016SCP‐124 Generators for Pumping Stations 310,000 310,000 6/11/2015 310,000 ‐ ‐ ‐ 0.0% 6/30/2017

Total Sewer Capital Projects 43,713,131$ 18,658,000$ 41,511,369$ 195,031$ 987,540$ 25,662,735$ 61.8%

GCP‐87 NC 33 Main Extension and Old River Road Main Replacement 1,300,000 1,300,000 10/20/2011 1,300,000 5,387 146,768 300,825 23.1% 12/31/2015GCP‐88 GUC‐PNG Multiple Gas Facilities Upgrade Project 2,650,000 2,650,000 11/15/2012 2,650,000 ‐ 1,466,260 1,846,518 69.7% 12/31/2015GCP‐89 Western Loop High Pressure Gas Main Extension 4,328,800 2,850,000 6/13/2013 4,300,000 135,592 207,130 513,360 11.9% 12/31/2015GCP‐90 LNG Plant Tank Additions 4,000,000 4,000,000 6/13/2013 4,000,000 42,514 304,744 3,573,973 89.3% 12/31/2015GCP‐91 Natural Gas Vehicle Fueling Station 2,500,000 2,500,000 6/12/2014 2,500,000 ‐ 1,540,781 2,365,306 94.6% 12/31/2015GCP‐92 LNG Liquefaction Additions 1,000,000 1,000,000 6/11/2015 1,000,000 ‐ ‐ ‐ 0.0% 6/30/2018GCP‐93 Southwestern Loop Phase I 500,000 500,000 6/11/2015 500,000 ‐ ‐ ‐ 0.0% 6/30/2019

Total Gas Capital Projects 16,278,800$ 14,800,000$ 16,250,000$ 183,493$ 3,665,683$ 8,599,982$ 52.9%

Grand Total Capital Projects 125,176,431$ 93,142,500$ 123,760,869$ (74,189)$ 7,605,513$ 60,176,114$ 48.6%

November 30, 2015Capital Projects Summary Report

Investment Portfolio DiversificationNovember 30, 2015

Bank of America$31,080,574

40.4%

Bank of North Carolina

$6,003,3257.8%

FFCB$1,500,000

2.0%

FHLB$1,000,000

1.3%

FHLMC$2,950,000

3.8%

FNMA$2,500,000

3.3%

First Citizens$1,000,883

1.3%First Tennessee$7,783,944

10.1%NCCMT$247,7730.3%

Select Bank$5,003,371

6.5%Yadkin Bank$17,811,360

23.2%

Investments by Issuer

$76,881,230

Certificates of Deposit

$2,500,0003.3%

NCCMT$247,7730.3%

Checking Accounts$2,249,170

2.9% Money Market Accounts

$63,934,28783.2%

Federal Agencies$7,950,000

10.3%

Investments by Type

$76,881,230

Federal Farm Credit Bank$1,500,000

18.9%

Federal Home Loan Bank$1,000,000

12.6%

Federal Home Loan Mortgage

Corp.$2,950,000

37.1%

Federal National Mortgage Assoc.

$2,500,00031.4%

Federal Agencies by Issuer

$7,950,000

Bank of North Carolina

$4,003,3256.3%

Bank of America$28,831,480

45.0%

First Citizens$1,000,807

1.6%

First Tennessee$7,283,944

11.4%

Select Bank$5,003,371

7.8%

Yadkin Bank$17,811,360

27.9%

Money Market Accounts by Issuer

$63,934,287

Cash and Investment ReportNovember 30, 2015

0.000%

0.100%

0.200%

0.300%

0.400%

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%

25.00%

50.00%

Portfolio by IssuerCurrent Month Prior Month

GUC InvestmentsSummary by IssuerNovember 30, 2015

% of Portfolio

Average Daysto Maturity

ParValueIssuer

Number ofInvestments

AverageYTM 365Market Value

Bank of North Carolina 6,003,324.85 7.81 0.3332 926,003,324.85

Bank of America 31,080,574.19 40.43 0.1892 131,080,574.19

First Citizens Bank 1,000,883.08 1.30 0.0502 11,000,883.08

Federal Farm Credit Bank 1,496,378.50 1.95 1.0803 8531,500,000.00

Federal Home Loan Bank 998,400.00 1.30 0.8652 6261,000,000.00

Federal Home Loan Mort Corp 2,948,547.45 3.84 1.6476 1,3342,950,000.00

Federal National Mort Assoc 2,498,294.00 3.25 1.5475 1,4902,500,000.00

First Tennessee Bank 7,783,944.41 10.13 0.1913 817,783,944.41

N C Capital Management Trust 247,772.72 0.32 0.1242 1247,772.72

Select Bank & Trust 5,003,370.98 6.51 0.2001 15,003,370.98

Yadkin Bank 17,811,360.38 23.17 0.3501 117,811,360.38

Total and Average 29 76,872,850.56 100.00 0.363 14176,881,230.61

Portfolio GUCAP

Run Date: 12/02/2015 - 11:55 SI (PRF_SI) 7.1.1Report Ver. 7.3.3b

YTM365

Page 1

Par Value Book ValueMaturity

DateStated

RateMarket Value

November 30, 2015Portfolio Details - Investments

AverageBalanceIssuer

Portfolio ManagementGUC Investments

Days toMaturity

YTM360 CUSIP Investment #

PurchaseDate

Certificates of Deposit - Bank0.600Bank of North Carolina817 2,000,000.00 2,000,000.00 09/01/20160.60009/01/2015 2,000,000.00 0.592SYS817 2751.650First Tennessee Bank762 500,000.00 500,000.00 04/28/20191.65004/28/2014 500,000.00 1.627SYS762 1,244

2,500,000.00 0.7992,500,000.002,500,000.002,500,000.00Subtotal and Average 0.810 469

NC Capital Management Trust0.120N C Capital Management Trust33 146,971.21 146,971.21 0.120146,971.21 0.118SYS33 10.130N C Capital Management Trust745 100,801.51 100,801.51 0.130100,801.51 0.128SYS745 1

247,772.72 0.122247,772.72247,772.72246,151.14Subtotal and Average 0.124 1

Passbook/Checking Accounts0.050Bank of America735 2,249,094.39 2,249,094.39 0.0502,249,094.39 0.049SYS735 10.001First Citizens Bank706 76.00 76.00 0.00107/01/2015 76.00 0.001SYS706 1


Money Market Accounts0.200Bank of North Carolina812 4,003,324.85 4,003,324.85 0.20008/31/2015 4,003,324.85 0.197SYS812 10.200Bank of America733 28,831,479.80 28,831,479.80 0.20028,831,479.80 0.197SYS733 10.050First Citizens Bank704 1,000,807.08 1,000,807.08 0.0501,000,807.08 0.049SYS704 10.070First Tennessee Bank705 2,279,449.48 2,279,449.48 0.0702,279,449.48 0.069SYS705 10.100First Tennessee Bank788 5,004,494.93 5,004,494.93 0.1005,004,494.93 0.099SYS788 10.200Select Bank & Trust810 5,003,370.98 5,003,370.98 0.20007/30/2015 5,003,370.98 0.197SYS810 10.350Yadkin Bank781 17,811,360.38 17,811,360.38 0.35017,811,360.38 0.345SYS781 1


Federal Agency Coupon Securities

0.810Federal Farm Credit Bank814 500,000.00 500,000.00 09/28/20170.81009/28/2015 498,345.00 0.7993133EFFH5 6670.970Federal Farm Credit Bank828 500,000.00 500,000.00 11/16/20170.97011/18/2015 499,319.50 0.9573133EFNY9 7161.460Federal Farm Credit Bank829 500,000.00 500,000.00 02/19/20191.46011/19/2015 498,714.00 1.4403133EFQA8 1,1760.750Federal Home Loan Bank808 500,000.00 500,000.00 05/12/20170.75008/12/2015 499,355.50 0.7403130A5YT0 5280.980Federal Home Loan Bank825 500,000.00 500,000.00 11/24/20170.98011/24/2015 499,044.50 0.9673130A6S32 7242.123Federal Home Loan Mort Corp804 450,000.00 450,000.00 06/24/20201.00006/30/2015 450,085.95 2.0943134G7BK6 1,6672.007Federal Home Loan Mort Corp805 500,000.00 500,000.00 07/15/20201.00007/15/2015 499,973.00 1.9803134G7EC1 1,6881.400Federal Home Loan Mort Corp811 500,000.00 500,000.00 08/17/20181.40008/17/2015 499,837.50 1.3813134G7MC2 9901.000Federal Home Loan Mort Corp813 500,000.00 500,000.00 01/19/20181.00010/19/2015 498,615.00 0.9863134G7F63 7802.000Federal Home Loan Mort Corp823 500,000.00 500,000.00 11/25/20202.00011/30/2015 500,261.00 1.9733134G84G1 1,8211.400Federal Home Loan Mort Corp826 500,000.00 500,000.00 11/26/20181.40011/30/2015 499,775.00 1.3813134G85H8 1,0912.000Federal National Mort Assoc798 500,000.00 500,000.00 05/27/20202.00005/27/2015 500,896.50 1.9733136G2K30 1,6391.300Federal National Mort Assoc818 500,000.00 500,000.00 11/27/20181.30011/27/2015 499,094.00 1.2823135G0G98 1,092

Portfolio GUCAP

Run Date: 12/02/2015 - 11:52 PM (PRF_PM2) 7.3.0

Report Ver. 7.3.3b

YTM365

Page 2

Par Value Book ValueMaturity

DateStated

RateMarket Value

November 30, 2015Portfolio Details - Investments

AverageBalanceIssuer

Portfolio ManagementGUC Investments

Days toMaturity

YTM360 CUSIP Investment #

PurchaseDate

Federal Agency Coupon Securities1.000Federal National Mort Assoc822 500,000.00 500,000.00 11/25/20201.00011/25/2015 499,277.00 0.9863136G2TQ0 1,8211.434Federal National Mort Assoc824 500,000.00 500,000.00 11/13/20180.50011/13/2015 499,216.00 1.4143135G0G80 1,0782.000Federal National Mort Assoc827 500,000.00 500,000.00 11/25/20202.00011/30/2015 499,810.50 1.9733135G0H22 1,821

7,950,000.00 1.3917,941,619.957,950,000.005,533,333.33Subtotal and Average 1.410 1,203

0.35872,392,688.51 76,881,230.61 0.363 14176,872,850.56 76,881,230.61Total and Average

Portfolio GUCAP

Run Date: 12/02/2015 - 11:52 PM (PRF_PM2) 7.3.0

Financial Report November 30, 2015

Weather Impact November cooling degree days

17.0

5.5

9.5

9.2

10.1

- 5.0 10.0 15.0 20.0

15-16

14-15

13-14

6 Yr Average

30 Yr Average

Weather Impact (cont.) November heating degree days

262.5

510.0

444.0

403.3

377.8

- 100.0 200.0 300.0 400.0 500.0 600.0

15-16

14-15

13-14

6 Yr Average

30 Yr Average

Weather Impact (cont.) November rainfall

7.82

3.12

2.28

3.17

3.31

- 2.00 4.00 6.00 8.00 10.00

15-16

14-15

13-14

6 Yr Average

25 Yr Average

Economy/Growth

• Nominal growth in new connections; impact on revenue

• November 2014 to November 2015 % Increase Accounts

Electric 1.17% 754 Water 0.84% 292 Sewer 1.18% 337 Gas 1.58% 355

Growth in Customer Connections Annual Comparison: November

14-15 13-14 12-13 11-12 10-11

Electric 754 356 628 223 426

Water 292 230 233 219 137

Sewer 337 200 255 227 156

Gas 355 76 124 108 254

Growth (November 2014 – November 2015)

Consumption (Volumes Billed)

Fund November 2015

November 2014 % Chg

Electric kWh 122,063,040 129,535,055 -5.8%

Water Kgal 358,934 372,896 -3.7%

Sewer kgal 251,883 244,482 3.0%

Gas Ccf 2,251,635 2,690,891 -16.3%

Growth (November 2014 – November 2015)

Consumption (Volumes Billed)

Fund YTD

November 2015

YTD November

2014 % Chg

Electric kWh 757,641,536 732,224,010 3.5%

Water Kgal 1,667,651 1,630,261 2.3%

Sewer Kgal 1,209,661 1,191,807 1.5%

Gas Ccf 8,496,412 9,061,266 -6.2%

November 2015

Fund Operating

Cash Balance

Days Cash on

Hand

Current Liabilities

Fund Balance Appropriations

for FY 2016

Fund Balance Available for

Appropriation

Fund Balance

Electric $47,743,676 111 ($15,196,996) ($1,166,665) $31,380,015 15.7%

Water

$4,863,998

158 ($1,597,210) - $3,266,788 17.6%

Sewer $7,438,813 241 ($812,570) ($1,750,000) $4,876,243 20.7%

Gas $17,839,888 303 ($2,257,145) ($3,062,500) $12,520,243 26.3%

Combined $77,886,375 141 ($19,863,921) ($5,979,165) $52,043,289 18.0%

Key Performance Indicators

Fund Equity/Deficit Before Transfers From Fund Balance

November 2015

Actual Budget Variance

Favorable (Unfavorable)

Electric $700,778 ($328,064) $1,028,842

Water $135,815 $38,065 $97,750

Sewer $276,873 $66,461 $210,412

Gas $226,298 $306,115 ($79,817)

Combined $1,339,764 $82,577 $1,257,187

November Transfers From Fund Balance

Electric Water Sewer Gas Total

Capital Projects $166,667 $0 $250,000 $437,500 $854,167

Total by Fund $166,667 $0 $250,000 $437,500 $854,167

YTD Fund Equity/Deficit Before Transfers From Fund Balance

November 2015

Actual Budget Variance

Favorable (Unfavorable)

Electric $3,377,035 $668,338 $2,708,697

Water $835,927 $557,397 $278,530

Sewer $1,040,815 $345,718 $695,097

Gas ($1,270,572) ($1,607,020) $336,448

Combined $3,983,205 ($35,567) $4,018,772

YTD Transfers from Fund Balance

Electric Water Sewer Gas Total

Capital Projects $833,335 $0 $1,250,000 $2,187,500 $4,270,835

Total by Fund $833,335 $0 $1,250,000 $2,187,500 $4,270,835

Portfolio Management

November 2015

November 2014

November 2013

Interest Earnings $21,649 $25,283 $13,792

Yield 0.36% 0.38% 0.21%

Overall positive YTD results before transfers from fund balance - $3,983,205

Electric Fund – $3,377,035

Water Fund – $835,927

Sewer Fund – $1,040,815

Gas Fund – ($1,270,572)

Financial Reserves Balances

o Rate Stabilization Reserves - $7,182,402

o Operating Reserves – 141 Days Cash on Hand

o Renewals and Replacements Reserves - $1,268,750

Summary

Greenville Utilities

Financial Report November 30, 2015

_______ ____

Item: Consideration of Resolution to Abandon Electric Easement for Berkeley Apartments, LLC

Contact:

Phil Dixon

Explanation: Greenville Utilities Commission desires to abandon a portion of a ten foot (10’) wide electric easement located on Parcel No. 73689 that is no longer needed by the Commission. This electric easement, as shown on the attached map, was previously granted to the City of Greenville for the use and benefit of Greenville Utilities Commission under a Grant of All Utilities Easement dated March 27, 2015.


N/A

Fiscal Note: N/A


Authorize the execution of a Resolution requesting City Council of the City of Greenville, North Carolina, to abandon such portion of the ten foot (10’) wide electric easement and request the execution of a Deed of Release in favor of current owner.


Berkeley Apartments LLCGreenville UtilitiesP.O Box 1847Greenville, NC 27835(252) 752-7166Fax (252) 329-2172

Disclaimer:Easements depicted on this map are for illustrative purposes only andmay not be relied upon as an accurate representation for spatialreference. This map is not a certified survey and has not beenreviewed by a local government agency for compliance with anyapplicable land development regulations. The source data isreferenced from Pitt County Planning Department, the City ofGreenville and GUC.

Greenville TWP, Pitt Co., NC

Date Created: 12/3/2015

710 '

140 '

220 '

85 ' 160 '

Parcel: 073689

Parcel: 073686

Parcel: 073693 Parcel: 080958

Parcel: 073692

Parcel: 000774

Parc

el: 0

4425

5

Parcel: 003030

Parcel: 073687

Parcel: 077033

Parcel: 000332

Parcel: 034758

Parcel: 073688

Parcel: 076223

BRIARCLIFF DR

ALLE

N RD

LEIN

ES D

R

CH

AND

LER

DR

FOSB

UR

Y D

R

ALLE

N

BRIARCLIFF

ELLSWO

RTH

GIN

N

KIESEE

LANDFILL

CAMBRIA

NANTUCKETM

ORTO

N

Created by: GDS

Requested by: Chris Corey

0 100 200 300 400 50050Feet

Portion of 10' Electric Easementto be abandoned.

Dimensions are not an absolute measurement and may vary in length.

10' Permanent Electric Easement to remain.Dimensions are not an absolute

measurement and may vary in length.

220 '

85 ' 160 '

RESOLUTION ___________

RESOLUTION OF GREENVILLE UTILITIES COMMISSION OF THE CITY OF GREENVILLE, NORTH CAROLINA,

ABANDONING A PORTION OF A TEN FOOT (10’) WIDE ELECTRIC EASEMENT ACROSS TAX PARCEL NUMBER 73689 ACCORDING TO THE RECORDS

IN THE OFFICE OF THE TAX ADMINISTRATION OF PITT COUNTY, NORTH CAROLINA, AND REQUESTING EXECUTION OF DEED OF RELEASE

WHEREAS, Greenville Utilities Commission of the City of Greenville, North Carolina

(hereinafter referred to as “Commission”), heretofore obtained a Grant of All Utilities Easement

including a ten foot (10’) wide Electric Easement on the north side of Briarcliff Drive, across

property commonly known as Tax Parcel No. 73689 according to the records in the Office of the

Tax Administration of Pitt County, North Carolina, under the terms of a Grant of All Utilities

Easement dated March 27, 2015, which appears of record in Book 3346 at Pages 636 through

640, Pitt County Public Registry; and

WHEREAS, a portion of such ten foot (10’) wide Electric Easement is no longer needed

by Commission; and

WHEREAS, Commission anticipates no use or need now or in the future for a portion of

such ten foot (10’) wide Electric Easement to be abandoned; and

WHEREAS, Commission therefore desires to abandon such portion only of such ten foot

(10’) wide Electric Easement previously granted and to retain the use of the remainder of such

Electric Easement;

WHEREAS, the current owner of such property has requested the City of Greenville,

North Carolina, and Greenville Utilities Commission to abandon such portion of such ten foot

(10’) wide Electric Easement (hereinafter described as to be abandoned) and requests that the

City of Greenville, for the use and benefit of Greenville Utilities Commission, acknowledge such

partial abandonment and release; and

WHEREAS, Commission deems such abandonment to be reasonable and in the best

interests of the Commission and all parties and therefore requests that the City of Greenville,

North Carolina, acknowledge such abandonment and release of a portion of such ten foot (10’)

wide Electric Easement which is to be abandoned.

NOW, THEREFORE, BE IT RESOLVED by Greenville Utilities Commission of the City of

Greenville, North Carolina, in Regular Session on the ____ day of ______________, 20___, as

follows:

1. That Commission has no need or desire to use the portion of such ten foot (10’)

wide Electric Easement to be abandoned heretofore granted to the City of Greenville, for the

use and benefit of Greenville Utilities Commission, the portion of such Electric Easement to be

abandoned containing 2,370 square feet, more or less, located on the north side of Briarcliff

Drive, across Tax Parcel No. 73689, according to the records in the Office of the Tax

Administration of Pitt County, North Carolina, and more particularly described as follows:

Running from a point in the northern right-of-way of Briarcliff Drive which is the common boundary between Tax Parcel No. 73689 and Tax Parcel No. 73686, and running Northwest along the northern right-of-way of Briarcliff Drive 710 feet, more or less, to a point, cornering, thence Northwest along the eastern boundary of a ten foot (10’) wide Electric Easement which is to remain 140 feet, more or less, cornering, thence, Northeast 220 feet, more or less, along the eastern boundary of an existing Electric Easement to remain, to a point, the Point of Beginning, and traveling thence 85 feet, more or less, to a point, cornering, thence northeasterly 160 feet, more or less, to a point, being a portion of a ten foot (10’) wide Electric Easement to be abandoned (Dimensions are not an absolute measurement and may vary in length), according to that certain diagram entitled “Berkeley Apartments LLC Greenville TWP, Pitt Co., NC” dated December 1, 2015, prepared by Greenville Utilities Commission, P.O. Box 1847, Greenville, NC 27835, telephone number (252) 752-7166, fax number (252) 329-2172, which is marked Exhibit “A” and is attached hereto and made a part hereof, and to which reference is hereby made for a more particular and accurate description of the subject portion of the ten foot (10’) wide Electric Easement to be abandoned; and

2. That a request be made to the City Council of the City of Greenville, North

Carolina, as soon as practicable that it abandon such portion of the ten foot (10’) wide Electric

Easement as hereinabove described, all as is shown on Exhibit “A” which is attached hereto

and made a part hereof; and

3. That the City Council of the City of Greenville authorize the appropriate City

Officials to make, execute, and deliver to Berkeley Apartments, LLC, or the current owner of the

subject property encumbered by such portion of the ten foot (10’) wide Electric Easement to be

abandoned, an instrument in a form suitable for recording to release whatever interests the City

of Greenville, North Carolina, for the use and benefit of Greenville Utilities Commission, might

have in and to such portion of the ten foot (10’) wide Electric Easement to be abandoned all as

is shown on Exhibits “A” and “B” which are attached hereto and made a part hereof.

Adopted this the ____ day of __________________, 20___.

GREENVILLE UTILITIES COMMISSION OF THE CITY OF GREENVILLE, NC By_____________________________________ JOHN MINGES, Chair (SEAL) ATTEST: _________________________________ DENNIS MITCHELL, Secretary N:\LEGAL\Resolutions\GUC Resolutions\Resolution GUC (Blount).docxs


RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GREENVILLE, NORTH CAROLINA,

ABANDONING A PORTION OF A TEN FOOT (10’) WIDE ELECTRIC EASEMENT ACROSS TAX PARCEL NUMBER 73689

PREVIOUSLY GRANTED BY A GRANT OF ALL UTILITIES EASEMENT DATED MARCH 27, 2015, WHICH APPEARS OF RECORD IN

BOOK 3346 AT PAGES 636 THROUGH 640, PITT COUNTY PUBLIC REGISTRY, AND AUTHORIZING EXECUTION OF DEED OF RELEASE

WHEREAS, Greenville Utilities Commission of the City of Greenville, North Carolina

(hereinafter referred to as “Commission”), heretofore obtained a ten foot (10’) wide Electric

Easement across property commonly known as Tax Parcel No. 73689 according to the records

in the Office of the Tax Administration of Pitt County, North Carolina, and more particularly

described in that certain Grant of All Utilities Easement dated March 27, 2015, which appears of

record in Book 3346 at pages 636 through 640, Pitt County Public Registry; and

WHEREAS, a portion of such ten foot (10’) wide Electric Easement on the north side of

Briarcliff Drive is no longer needed by the Commission now or in the future; and

WHEREAS, Commission anticipates no use or need now or in the future for such portion

of such ten foot (10’) wide Electric Easement to be abandoned; and

WHEREAS, Commission desires to abandon such portion only of such ten foot (10’)

wide Electric Easement previously granted as hereinafter described and to retain the remainder;

and

WHEREAS, the current owner of such property has requested the City of Greenville,

North Carolina, and Greenville Utilities Commission to abandon such portion of such ten foot

(10’) wide Electric Easement and requests that the City Council of the City of Greenville, for the

use and benefit of Greenville Utilities Commission, acknowledge such abandonment and

release; and

WHEREAS, Commission deems such abandonment to be reasonable and in the best

interest of the Commission and all parties and therefore requests that the City Council of the

City of Greenville, North Carolina, acknowledge such abandonment and release of such portion

only of such ten foot (10’) wide Electric Easement which is to be abandoned as hereinafter

described.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Greenville,

North Carolina, in Regular Session held in the Council Chambers of City Hall of the City of

Greenville, North Carolina, on the ____ day of ________________, 20___, as follows:

2

1. That the City Council of the City of Greenville does hereby abandon such portion

of such ten foot (10’) wide Electric Easement to be abandoned as more particularly described as

follows:

Running from a point in the northern right-of-way of Briarcliff Drive which is the common boundary between Tax Parcel No. 73689 and Tax Parcel No. 73686, and running Northwest along the northern right-of-way of Briarcliff Drive 710 feet, more or less, to a point, cornering, thence Northwest along the eastern boundary of a ten foot (10’) wide Electric Easement which is to remain 140 feet, more or less, cornering, thence, Northeast 220 feet, more or less, along the eastern boundary of an existing Electric Easement to remain, to a point, the Point of Beginning, and traveling thence 85 feet, more or less, to a point, cornering, thence northeasterly 160 feet, more or less, to a point, being a portion of a ten foot (10’) wide Electric Easement to be abandoned (Dimensions are not an absolute measurement and may vary in length), according to that certain diagram entitled “Berkeley Apartments LLC Greenville TWP, Pitt Co., NC” dated December 1, 2015, prepared by Greenville Utilities Commission, P.O. Box 1847, Greenville, NC 27835, telephone number (252) 752-7166, fax number (252) 329-2172, which is marked Exhibit “A” and is attached hereto and made a part hereof, and to which reference is hereby made for a more particular and accurate description of the subject portion of the ten foot (10’) wide Electric Easement to be abandoned; and

2. That the appropriate City Officials be and are hereby empowered to make,

execute and deliver to Berkeley Apartments, LLC, or the current owner of the subject property

encumbered by such portion of such ten foot (10’) wide Electric Easement to be abandoned, an

instrument in a form suitable for recording to release whatever interests the City of Greenville,

North Carolina, for the use and benefit of Greenville Utilities Commission, might have in and to

such portion of such ten foot (10’) wide Electric Easement to be abandoned as hereinabove

described.

Adopted this the ____ day of __________________, 20___.

CITY OF GREENVILLE By _____________________________________ ALLEN M. THOMAS, Mayor (SEAL) ATTEST: _________________________________ CAROL L. BARWICK, Clerk N:\LEGAL\Resolutions\City Council Resolutions\Resolution City Council (Blount PN 73689).docxs

Item: Consideration of Capital Project Budget Amendment and Adoption of a Reimbursement Resolution and a Resolution Authorizing Acceptance of Amended State Revolving Fund (SRF) Loan Offer for Southside Wastewater Pumping Station Upgrade Project (SCP 118)

Contact: Randy Emory

Explanation: The Southside Pump Station (SSPS) is GUC’s largest wastewater pumping station with a total design capacity of 22.3 million gallons per day (mgd) and is critical to the reliable operation of GUC’s wastewater collection system. The original station was placed in service in 1960, with the most recent improvements, including the Southside Junction Box (SSJB), being placed in service in 1999. SSPS is exhibiting signs of wear and age via failures and visible maintenance needs. SSJB which diverts flow between two wet wells at this site has undergone severe degradation attributable to hydrogen sulfide corrosion and is in need of replacement. The station also experiences periodic clogging of pumps due to a significant buildup of floatable material in the wet well associated with an insufficient screening system. Proposed improvements to the Southside Pump Station include replacement of the existing SSJB, installation of new climber screens to handle screenings, installation of an odor control system and site improvements to address drainage and settlement issues. Based upon a preliminary engineering estimate, the budget for the total project, including design and construction of the required facilities, was established at $3,450,000 during the annual budgeting process for Fiscal Year 2014. Staff submitted an application and received approval for SRF funding in the amount of $3,251,754. Engineering consultant Black and Veatch subsequently completed final design and bidding documents for this project, including an engineer’s estimate of $3,100,136 for construction of the required facilities. The project was initially bid on September 22, 2015 with only 2 bids received. The legally required 3 bids at the first bid opening were not received, therefore no bids were opened. The project was re-advertised and final bids were received on October 13, 2015. Two contractors


submitted bids: T. A. Loving Company at $5,350,000 and RTD Construction, Inc. at $5,278,037. Even though these bids greatly exceeded previous estimates, they were extremely close with a variance of less than 1.5%. Due to the complex nature of this project and the current bidding environment it is not anticipated that rebidding will result in lower project costs. This project consists of critical repairs and upgrades that are imperative to continued reliable operation of the Southside Pump Station. In order to move ahead with this project, it is necessary to amend the project budget.


November 20, 2014 – Adopted resolution accepting North Carolina Clean Water SRF loan offer in the amount of $3,251,754 and authorizing the General Manger/CEO to act as the agent for Greenville Utilities Commission in connection with the State Revolving Fund (SRF) loan. October 17, 2013 – Authorized the General Manger/CEO to execute engineering services contract with the firm of Black & Veatch in the amount of $597,087. August 15, 2013 – Adopted resolution authorizing the General Manager/CEO to act as designated agent for Greenville Utilities Commission in connection with application and acceptance of North Carolina Clean Water SRF funding. June 13, 2013 –Board approved Capital Project Budget for the Southside Pump Station Upgrade Project in the amount of $3,450,000.

Fiscal Note: Budget for the total project, including design and construction of the required facilities, was established at $3,450,000 during the annual budgeting process for Fiscal Year 2014. Staff prepared and submitted an amended loan application based on bids received. Considering the low bid submitted by RTD Construction, total funding required for this project is $6,586,528. This figure includes all engineering costs and construction contingency at 10% per SRF loan guidelines. The Local Government Commission has reviewed and approved the request to receive additional SRF loan funds for this project and the NCDEQ Division of Water Infrastructure Finance Section has offered an amended loan to cover the full costs of this project in the amount of $6,586,528.


Amend the attached capital project budget from $3,450,000 to $6,600,000, adopt the reimbursement resolution and recommend similar action by the City Council. Adopt the attached resolution authorizing acceptance of SRF loan offer in the amount of $6,586,528.

Current RevisedProject Name Budget Change Budget

SCP118 - Wastewater Southside Pumping Station Upgrade Project

Revenues: Long Term Debt $3,450,000 $3,150,000 $6,600,000 Total Revenue $3,450,000 $3,150,000 $6,600,000

Expenditures:

Project Costs $3,450,000 $3,150,000 $6,600,000 Total Expenditures $3,450,000 $3,150,000 $6,600,000

Greenville Utilities CommissionSewer Capital Budget

Capital ProjectAs of December 17, 2015

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 $6,600,000) for certain expenditures made not more than 60 days prior to the 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 17th day of December, 2015.

_____________________________ John Minges, Chair ATTEST: _____________________________ Dennis Mitchell Secretary APPROVED AS TO FORM: Phillip R. Dixon General Counsel

RESOLUTION NO. 16-__ 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.

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 $6,600,000.

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 ______________, 2016.

____________________________________ Allen M. Thomas, Mayor

ATTEST:

_____________________________________ 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:

Wastewater Southside Pumping Station Upgrade Project $6,600,000

Total $6,600,000

RESOLUTION BY GOVERNING BODY OF APPLICANT WHEREAS, The North Carolina Clean Water Revolving Loan and Grant Act of 1987 has

authorized the making of loans and grants to aid eligible units of government in financing the cost of construction of wastewater treatment works, wastewater collection systems, and water supply systems, water conservation projects, and

WHEREAS, The North Carolina Department of Environmental Quality (DEQ) has offered a

Clean Water State Revolving Loan in the amount of $6,586,528 for the purpose of constructing, renovating, and improving the Southside Pump Station Upgrade project, and

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") intends to construct said project in accordance with the approved plans and specifications,

NOW THEREFORE BE IT RESOLVED, BY THE COMMISSON:

That the Commission does hereby accept the State Revolving Loan offer of $6,586,528. That the Commission does hereby give assurance to the DEQ that all items specified in the loan offer, Section II – Assurances will be adhered to. That Anthony C. Cannon, General Manager/CEO, and successors so titled, is hereby authorized and directed to furnish such information as the appropriate State agency may request in connection with such application or the project; to make the assurances as contained above; and to execute such other documents as may be required in connection with the application.

That the Commission has substantially complied or will substantially comply with all Federal, State, and local laws, rules, regulations, and ordinances applicable to the project and to Federal and State grants and loans pertaining thereto.

Adopted this the 17th day of December, 2015 at Greenville, North Carolina.

John Minges

Chair ATTEST: Dennis Mitchell Secretary APPROVED AS TO FORM: Phillip R. Dixon Commission Attorney

CERTIFICATION BY RECORDING OFFICER

The undersigned duly qualified and 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 authorizing the filing of an application with the State of North Carolina, as

regularly adopted at a legally convened meeting of the Commission duly held on the 17th day of

December, 2015; and, further, that such resolution has been fully recorded in the journal of

proceedings and records in my office.

IN WITNESS WHEREOF, I have hereunto set my hand this ____ day of _________, 2015.

______________________________ Amy Carson Quinn, Executive Secretary

Item: Consideration of Resolution Recommending Approval of Memorandum of Understanding and Lease Agreement between the City of Greenville and Sound Rivers, Inc.

Contact:

Chris Padgett

Explanation: The Tar River Legacy Plan, adopted by Greenville City Council in the fall of 2014, recommends the development of camping platforms along the Tar River as a means of allowing people to better utilize and enjoy the river. These platforms would provide overnight camping opportunities to canoeists, kayakers, recreational boaters, and fishermen. Sound Rivers, Inc. (SRI) desires to partner with the City of Greenville to build three raised wooden camping platforms on land along the seven-mile stretch of the Tar River within the City limits. These camping platforms would become amenities to the Tar-Pamlico Water Trail promoting ecotourism and the area's natural resources. Two of the proposed sites for the camping platforms, the Phil Carroll Nature Preserve and River Park North, are owned by the City of Greenville and the third, property located on the northern bank of the Tar River adjacent to the GUC Wastewater Treatment Plant (Pitt County Parcel # 48152), is owned by the City of Greenville “for the use and benefit of Greenville Utilities Commission.” GUC staff have verified that the proposed development and use of a camping platform on a small portion of this third site as requested would not adversely impact GUC operations or plans for future development, and that the property is not needed for the term of the proposed lease. The proposed Memorandum of Understanding and Lease Agreement between the City and SRI generally includes the following:

• The City and SRI will each contribute to the cost of constructing the camping platforms. SRI will be responsible for maintenance.

• The term of the lease agreement is for ten years and may be mutually extended.

• The camping platform is approximately 16’ x 32’ in area. • Pitt County Parcel # 48152 is approximately 161 acres and the area

to be leased is approximately 1/10th of one-acre. • The facility proposed on Pitt County Parcel # 48152 (GUC

managed property) will only be accessed by users via water.


• The City and GUC will be indemnified and held harmless from all actions or claims arising from SRI’s use of the property.

• SRI shall carry at its expense comprehensive general liability insurance covering its activities on the property, including construction of the improvements and the rental of same, with a combined single limit of $1 million and a $2 million aggregate. The City and GUC shall be added to the policy as additional insured parties.

• The City and SRI will jointly approve procedures and policies for reserving and utilizing the camping platforms.


N/A

Fiscal Note: No fiscal impact for GUC.


Approval of Resolution Recommending Approval of Memorandum of Understanding and Lease Agreement between the City of Greenville and Sound Rivers, Inc.

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GUC DISCLAIMERElectric, Water, Sewer and Gas facilities depicted on this mapare for illustrative purposes only and may not be relied uponas an accurate representation for spatial reference. Possessionof a Greenville Utilities Commission (GUC) map in any formatdoes not signify approval of accuracy, nor does it imply approvalto be shared with any third party. This map is not a certified survey.The source data is referenced from Pitt County PlanningDepartment, the City of Greenville and GUC.

660 0 660330

Feet

ÜContact North Carolina 811 at “811” or“800-632-4949” for on-site utilities locationservices prior to any excavations.

Path: M:\GIS Data Services Group\GDS_SpecialProjects\CyphersProjects\Padgett_CampingSites\ProposedCampingSite.mxd

LegendParcel

Proposed Camping Site

801 Mumford RoadPO Box 1847

Greenville, NC 27858

Proposed Cam ping SiteProposed Cam ping SitePIT T COUNT Y NCPIT T COUNT Y NC

Waste WaterTreatment Plant

EastsidePark

Proposed Cam p Site

48152

Pictures of Similar Raised Camping Platforms


RESOLUTION RECOMMENDING APPROVAL OF A MEMORANDUM OF UNDERSTANDING AND LEASE AGREEMENTS BETWEEN THE CITY OF GREENVILLE AND SOUND RIVERS, INC.

WHEREAS, the City of Greenville, for the use and benefit of Greenville Utilities

Commission (GUC), currently holds title to certain property described in Book 236 at Page 573,

Pitt County Public Registry, which is commonly known as Tax Parcel No. 48152 according to

the records in the Office of the Tax Administration of Pitt County, North Carolina; and

WHEREAS, Sound Rivers, Inc., has established the Tar-Pamlico Water Trail with

proposed campsite locations along the Tar River on property owned by the City of Greenville

and commonly known as: (1) the Phil Carroll Reserve and (2) in River Park North; and

WHEREAS, Sound Rivers, Inc., has also expressed an interest in a campsite location on

a portion of Tax Parcel No. 48152 (1/10 of an acre, more or less) owned by the City, for the use

and benefit of GUC; and

WHEREAS, the Board of Commissioners of GUC does hereby determine that such

portion of Tax Parcel No. 48152 (1/10 of an acre, more or less) is not needed by GUC for the

term of this lease and therefore recommends to the City that such portion of Tax Parcel No.

48152 (1/10 of an acre, more or less) be included in any Memorandum of Understanding and

Lease Agreements between the City and Sound Rivers, Inc.

NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of GUC of the

City of Greenville, North Carolina, that it hereby recommends the execution by the City Council

of the City of Greenville of a Memorandum of Understanding and Lease Agreements between

the City of Greenville and Sound Rivers, Inc., for the establishment of a proposed campsite

location for the Tar-Pamlico Water Trail along the Tar River on Tax Parcel No. 48152 owned by

the City, for the use and benefit of GUC.

2

BE IT FURTHER RESOLVED that City Council of the City of Greenville is hereby

requested to authorize the City Manager to execute a Memorandum of Understanding and

Lease Agreements for and on behalf of the City of Greenville for campsite locations along the

Tar River including property owned by the City, for the use and benefit of GUC and commonly

known as Tax Parcel No. 48152.

This the ______ day of __________________, 20___. GREENVILLE UTILITIES COMMISSION OF THE CITY OF GREENVILLE, NC By_____________________________________ JOHN MINGES, Chair (SEAL) ATTEST: _________________________________ DENNIS MITCHELL, Secretary N:\LEGAL\Resolutions\GUC Resolutions\Resolution GUC (Sound Rivers).docxs


RESOLUTION APPROVING A MEMORANDUM OF UNDERSTANDING AND LEASE AGREEMENTS WITH SOUND RIVERS, INC.

WHEREAS, North Carolina General Statute 160A-272 authorizes the City Council of the

City of Greenville to approve a lease of property for a term of ten (10) years or less for any

property owned by the City for such terms and upon such conditions as City Council may

determine; and

WHEREAS, City Council does hereby determine that properties on the Tar River

located: (1) on the Phil Carroll Reserve and (2) in River Park North will not be needed by the

City for the term of the lease; and

WHEREAS, Greenville Utilities Commission (GUC) has previously determined that a

portion of property denominated Tax Parcel No. 48152 (1/10 of an acre, more or less)

(according to the records in the Office of the Tax Administration of Pitt County, North Carolina,

and owned by the City of Greenville, for the use and benefit of GUC), also will not be needed by

GUC for the term of the lease; and

WHEREAS, GUC has recommended such portion of property be included in a

Memorandum of Understanding and in Lease Agreements between the City and Sound Rivers,

Inc., to establish campsite locations on the Tar River for the Tar-Pamlico Water Trail; and

WHEREAS, City Council hereby determines such actions to be reasonable and

appropriate.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Greenville,

North Carolina, that it does hereby approve a Memorandum of Understanding and Lease

Agreements with Sound Rivers, Inc., for the Tar-Pamlico Water Trail at campsite locations on

the Tar River located: (1) on the Phil Carroll Reserve and (2) in River Park North and (3) on Tax

2

Parcel No. 48152 (owned by the City, for the use and benefit of GUC) for a term of ten (10)

years; and

BE IT FURTHER RESOLVED by the City Council of the City of Greenville, North

Carolina, that the City Manager is hereby authorized to execute such Memorandum of

Understanding and the Lease Agreements, for and on behalf of the City of Greenville for all

such properties.

This the ______ day of __________________, 20___.

CITY OF GREENVILLE

By _____________________________________ ALLEN M. THOMAS, Mayor (SEAL) ATTEST: _________________________________ CAROL L. BARWICK, Clerk N:\LEGAL\Resolutions\City Council Resolutions\Resolution City Council (Sound Rivers).docxs

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:

• Days Operating Cash on Hand • Frequency of Interruption in Service – Electric (SAIFI) • Response Time to Cut Gas Lines/Leaks • Hours Without a Lost Workday Injury

3. Commendations 4. Other

N/A

Fiscal Note: N/A


No Action Required



November 2015 STATISTICAL DATA 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 Low Temperature, F Degree Days Heating Degree Days Cooling Rainfall, Inches River Level-Mean Sea Level

High, FT Low, FT Average, FT

77 18

510.0 5.5

3.12

12.5 1.3 3.0

3,057.0 2,005.5

68.29

3,210.0 1,787.0

65.81

81 28

262.5 17.0

7.82

13.9 2.1 7.4

ELECTRIC Peak Demand, KW Demand Reduction, KW KWH Purchased (x1000) KWH Billed (x1000) System Losses, Percent Average Cost/KWH

250,043

132,185 129,535

$0.0952

1,782,839 1,735,502

1,745,017 1,702,827

217,252

124,498 122,063

$0.0744

NATURAL GAS MCF Purchased MCF Billed System Losses, Percent Average Cost/MCF

WATER Peak Day, MG Average Day, MG Total Pumped, MG Total Billed, MG System Losses, Percent

WASTEWATER Peak Day, MG Average Day, MG Total Flow, MG

CUSTOMER ACCOUNTS Active Services E/W/G Req Meter Connects Req Meter Disconnects Meters Repaired

360,704 269,089

5.43

15.872 14.131 423.9 372.9

12.30 9.60

287.89

121,955 1,476

646 155

3,276,044 3,284,707

4,680.8 3,955.1

4,086.40

23,488 12,271 4,126

3,322,830 3,342,207

4,673.1 3,943.1

3,986.47

23,095 12,618 4,044

260,410 225,164

5.10

14.299 13.118 393.5 358.9

15.28 12.40

371.89

123,356 1,452

689 187

2.66%

-0.26%

15.50%

2.42%

-0.58%

15.62%

-5.8% -5.8%

2.2% 1.9%

-27.8% -16.3%

-7.2% -3.8%

29.2%

1.1% -1.6% 6.7%

20.6%

-1.4% -1.7%

0.2%

2.5%

1.7% -2.8% 2.0%

0.3%

56,500 57,400

MG = Million Gallons MCF = Thousand Cubic Feet

KWH = Kilowatthours KW = Kilowatts

No. Date of Report Location Volume Surface Reportable Cause of Spill CorrectiveSpill Date Upstream Downstream Gallons Water Name Volume Yes/No Req'd. Issued Req'd. Issued Action

Gallons1 03/21/15 03/24/15 211 903 Hwy N/A N/A 100 No No No No Contractor Damage 1b2 03/31/15 04/02/15 4564 NC 11 Hwy North N/A N/A 200 No No No No Contractor Damage 1b

3 04/07/15 04/09/15 3413 N Memorial Drive N/A N/A 200 No No No No Contractor Damage 1b

4 06/05/15 06/10/15 MH 8J-024 in front of 102 Ridge Place 8J-024 7H-050 60 Yes Green Mill Run 60 Yes No No Contractor Damage 1b5 09/05/15 09/06/15 1178 Worthington Road N/A N/A 100 No No No No Pipe Failure 1e6 09/09/15 09/09/15 1178 Worthington Road N/A N/A 100 No No No No Pipe Failure 1e7 09/23/15 09/30/15 5186 County Home Road N/A N/A 15 No No No No Pipe Failure 1e8 10/30/15 11/05/15 MH at intersection of Dickinson Ave & Wilson

St.6K-049 6K-049 10 Yes Tar River 10 Yes No No Debris 2c

9 11/26/15 12/02/15 Jefferson & Tryon Drive 10K-124 10K-124 180 Yes Green Mill Run 180 Yes No No Debris 1c

Note: No spills in December, January, February, May, July and August

Summary Total Number of Spills = 9 (3 Reportable; 6 Non-Reportable) Total Spill Volume = 965 gals or 0.00002% of Total Wastewater Flow

Cause Number of Each Volume (gals.)

a. Grease 0 0 b. Contractor Damage/Error 4 560c. Debris 2 190 d. Roots 0 0 e. Pipe Failure 3 215 f. Other 0 0

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

December 2014-November 2015

News Release


LOAD MANAGEMENT REPORT

November, 2015

The DEP monthly peak occurred on November 24, 2015 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%) 7,700 $148,995Air Conditioning Demand Reduction 0 $0Water Heater Demand Reduction 10,600 $205,110Heat Pump/Heat Strip Demand Reduction 5,600 $108,360GUC Generator Reduction: 10,173 $196,848

Commercial Load Control:Commercial Customer CoincidentPeak Load Reduction (Estimated): 0 $0

Interruptible Load Control:MGS-CP & LGS-CP Customer Generators 15,133 $292,824Other Industrial Customer Curtailments 7,289 $141,050

Total Load Control: 56,495 $1,093,186

NCEMPA Shifted Peak Credit:Power Agency Policy Credit forContribution to Shifted Peak 0 $0

Total Load Reduction and Avoided Costs: 56,495 $1,093,186

Additional Notes and Comments:

1) Duke Energy Progress (DEP) System Peak: 10,468 MW2) GUC Coincident Peak (Less Winterville Demand): 217,252 KW3) Local Temperature at Coincident Peak, per PGV: 30 Degrees F4) Local "Feels Like" Temperature at Coincident Peak, per PGV: 30 Degrees F5) Applicable NCEMPA Demand Rate Charge: $19.35 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

CUSTOM

ERFI

NANC

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INTE

RNAL

BU

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SS

PROC

ESSE

S

EMPL

OYEE

S &

ORGA

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TION

AL

CAPA

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Corporate KPIsCustomer

Indicator Goal/Caution Value Status

Customer Satisfaction 80.00% 78.00%

Billing Process Accuracy 99.800% 100.000%

Install New Service (Electric) 3.00 0.82

Install New Service (Gas) 14 13

Install New Service (Water/Sewer) 6 5

Duration of Interruptions - Electric (CAIDI) 82.00 68.44

Duration of Interruptions - Electric (SAIDI) 65.00 16.83

Interruptions in Service - Electric (SAIFI) 0.79 0.25

Response Time to Unplanned Outages 30.00 34.59

Response Time to Cut Gas Lines/Leaks 0:30:00 0:22:01

Response Time to Water Leaks 1:00 0:50

Typical Bill Comparison - Residential Electric $121 $118

Typical Bill Comparison - Residential Gas $57 $59

Typical Bill Comparison - Residential Water $34 $30

Typical Bill Comparison - Residential Sewer $43 $41

Financial


Overtime Costs 3% 5%

Bond Rating 75 80

Days Operating Cash on Hand 200 141

Debt Service Coverage 1.75 2.60

Fund Balance (Available for Appropriation) 16.0% 18.0%

Net Margin 2.75% 4.64%

Return on Assets 1.60% 2.72%

Return on Equity 2.50% 4.02%

Page 1 of 2Corporate Key Performance Indicators

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Internal Business Processes


Connections per Employee 337 349

Operating Cost per Customer $350 $346

System Losses - Electric 3.00% 2.95%

System Losses - Gas 1.50% 1.31%

System Losses - Water (less than 13.5%) 13.5% 10.2%

Disruption of Service- Water 6:00 1:30

Miles Driven Without Preventable Vehicle Incident 1,000,000 497,600

Employee & Organizational Capacity


Hours Worked Without a Lost Workday Injury 3,000,000 1,016,478

OSHA Recordable Incident Rate 1.00 2.05

Capital Spending Ratio 120% 98%

Degree of Asset Depreciation 50% 50%

Page 2 of 2Corporate Key Performance Indicators

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GUC PERFORMANCE MEASURES

1

Revised: 1/25/12

Performance Management Scorecard Financial

Corporate Objective 15 Improve Financial Performance

Measure Days Operating Cash on Hand

Tier 1 Rationale: Used to measure the length of time GUC’s operating expenses could be funded without additional cash inflows

Accountability: Finance Frequency: Monthly

DESCRIPTION:

The Days Cash on Hand is measured and reported on a monthly basis to monitor the cash flow and liquidity of the Utilities. The lower and upper ranges are set by the Reserve Policy and are 97 days and 165 days respectfully.

NUMERATOR: Operating Cash and Investments

DENOMINATOR: YTD operating expenses / number of days YTD

TARGET: 97 days – 165 days DATA SOURCE(S): Monthly/annual financial report


2

Revised: 1/25/12

Performance Management Scorecard Internal Business Processes

Corporate Objective 10 Ensure Efficiency, Safety and Reliability of Services

Measure Interruptions in Service – Electric (SAIFI)

Tier 1 Rationale: Measures the average number of sustained interruptions experienced by each customer.

Accountability: Electric Frequency: Annual

DESCRIPTION: An interruption in Service – Electric is typically measured by the System Average Interruption Frequency Index (SAIFI) which measures the average number of sustained interruptions experienced by each customer.

NUMERATOR: Total number of customer interruptions during one year * 100

DENOMINATOR: Total number of customers

TARGET: 0.60 DATA SOURCE(S): Outage Database


3

Revised: 1/25/12

Performance Management Scorecard Customer

Corporate Objective 16 Improve Customer Satisfaction

Measure Response Time to Cut Gas Lines/Leaks

Tier 1 Rationale: Measures the timeliness of response to cut gas lines or leaks.

Accountability: Gas Frequency: Monthly

DESCRIPTION: Response Time is the measure of time to respond to unplanned cut gas lines or leaks. Gas tracks the average time from receiving the customer call to the actual response to the site. Target response time is less than 30 minutes.

NUMERATOR: Total response time for unplanned events.

DENOMINATOR: Total number of unplanned events.

TARGET: < 30 minutes DATA SOURCE(S): Excel spreadsheet


4

Revised: 1/25/12

Performance Management Scorecard Employee & Organizational Capacity

Corporate Objective 5 Increase Employee Satisfaction and Motivation

Measure Lost Workday Injury

Tier 1 Rationale: Measures the time between lost workdays due to injury

Accountability: Human Resources Frequency: Monthly

DESCRIPTION: Measures the total number of work hours at GUC without a lost workday injury.

NUMERATOR: Total number of hours worked without a lost workday injury

DENOMINATOR: One (1)

TARGET: 3,000,000 Hrs DATA SOURCE(S): my.guc

Bless Your Heart: Tuesday, November 17 Thank you to the men and women of Greenville Utilities. We are fortunate to have such caring people to look after Greenville and surrounding areas.

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, hereinafter also referred to as the "Board". 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.

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. Orientation shall include such activities as:

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

2

2. Discussions and visits with the General Manager, Commission

Attorney, and other members of the staff. 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 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 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

3

Manager as its Chief Executive Officer. E. The Board shall employ, in consultation with the General Manager, 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 Board shall annually review the performance and services of the attorney with the General Manager during the General Manager's annual performance review.

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.

VI. Duties of Officers A. The Chair shall preside at Board meetings. The Chair, in consultation with

the Secretary and General Manager, 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, 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

4

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 by the Board. K. In the absence of the Secretary, it shall be the duty of the Chair-elect to

assume duties of the Secretary. 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 GUC staff on policy issues, represent GUC 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

Compensation Sub-Committee to meet jointly with a City Council Sub-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 2 - 3 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.

D. On an annual basis, the Chair shall appoint 2 – 3 members to serve in conjunction with the Board Chair on an Economic Development

Committtee 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.

E. Ad hoc committees shall be appointed by the Chair, as needed, and shall function until such time as their purpose has been accomplished. F. The Chair shall appoint an Executive Secretary and Assistant Executive

5

Secretary from the staff. These positions are normally held by the Executive Assistant to the General Manager 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.

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. 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's Report - This portion of the meeting is set aside

for the General Manager'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

6

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 on any motion by

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

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 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.

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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.

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

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