Feb 2013
DELAWARE SUSTAINABLE ENERGY UTILITY SEU MONTHLY BUDGET REPORT February 2013 - 17% Budget Lapsed Monthly Budget Activity Balance YTD Beginning Cash
$
8,606,019
$ $ $ $ $ $
816,828 9,501 542 24,258 2,792
RECEIPTS Re-occuring Revenue Annual RGGI Allocation Bond Administration Fees 1201 loan Principle Repayment 1201 Loan Interest Income Admin Fee from SEU One Interest Income
$ $ $ $ $ $
4,755 267 1,320
SUBTOTAL -Reoccuring Revenue
$
6,342 $
853,922 $
$ $
9,863 $ 841 $ 792
$
11,496 $
19,602 $ 1,912 $ 1,583 $ $ 23,097 $
Administration Insurance Marketing/Cust Relations Material Travel, Training, Dues Office Equip. & Supplies Program Expense Utilities/Services/Rent
$ $ $ $ $ $
832 13 671 750
SUBTOTAL -Administration
$
Professional Services Accounting Services Legal Services Financial Services Public Relations
$ $ $ $
-
$ $ $ $
2,500 13,977 2,555 -
SUBTOTAL Professional Services
$
-
$
19,032 $
Programs White Oak SREC Purchases Energize Delaware\RGGI SREC Procurement Study SEU One Payment - Startup deposit SEU One Operating - Startup deposit SUBTOTAL -Programs
$ $ $ $ $ $
117,018 117,018
TOTAL-Disbursements
$
130,780 $
$ $ $ $ $ $
Annual Budget 2013 $
8,123,853
$ $ $ $ $ $
3,389,288 40,461 60,263 2,779 50,000 12,000
24% 0% 16% 20% 49% 23%
2,700,869 $
3,554,791
24%
109,398 9,739 8,917 18,000 147,303
$ $ $ $ $
129,000 12,900 10,500 18,000 170,400
15% 15% 15% 0% 14%
5,141 6,000 6,749 6,652 2,000 8,780
$ $ $ $ $ $
6,500 6,000 7,500 7,800 2,000 10,300
21% 0% 10% 15% 0% 15%
35,321 $
40,100
12%
27,500 70,023 92,445 20,000
$ $ $ $
30,000 84,000 95,000 20,000
8% 17% 3% 0%
209,968 $
229,000
8%
$ $ $ $ $ $
555,985 2,559,306 3,115,291
62% 0%
3,163,764 $
3,554,791
11%
2,572,460 40,461 50,762 2,237 25,742 9,208
DISBURSEMENTS SALARY & Payroll Expenses Salary Payroll Taxes Retirement Contributions Intern SUBTOTAL-Salary & Payroll Expeneses
$ $ $ $ $ $
2,266 $
$ $ $ $ $ $
1,359 752 1,148 1,520
$ $ $ $ $ $
4,779 $
344,120 344,120
$ $ $ $
$ $ $ $ $ $
391,027 $
211,865 2,559,306 2,771,171
NET Change in Cash
$
462,895
$
0
Ending Cash
$
9,068,914
$
8,123,853
11%
2011 Series Energy Efficiency Bond Program 2012 Report February Issue date August 1, 2011 BOND PROCEEDS Bond - Par Amount Bond - Net Premium Del. Equity Contribution
$ $ $
67,435,000 5,116,141 11,270,000
Total Proceeds
$
83,821,141
BOND USES
Initial Project February 2013 Budgets Expenses
Energy Efficiency Projects Kids Dept. OMB-Sussex DTCC - Terry DTCC - Wilmington DSU Corrections Dept OMB - Legis Mall OMB - Carvel & RR TOTAL
$ $ $ $ $ $ $ $ $
2,186,241 2,535,856 2,135,020 4,143,185 11,265,971 39,069,248 6,691,848 7,078,998 75,106,367
Capital Interest Cost of Issuance (Admin) Underwriters Discount
$ $ $
7,320,037 756,212 638,526
TOTAL
$
$ $ $
Project Expensed to Date
-
$ 2,186,241 $ $ 2,225,934 $ $ 2,028,289 $ $ 1,865,281 $ $ 442,220 $ 10,202,651 $ $ 7,214,978 $ 17,691,242 $ $ 4,484,596 $ $ 3,368,451 $ $ 7,657,198 $ 44,052,685 $ $ $ $
3,520,967 $ 658,375 $ 638,526 $
83,821,141 $ 7,657,198 $ 48,870,553 $
Project Funds Remaining
309,922 106,731 2,277,905 1,063,319 21,378,006 2,207,253 3,710,547 31,053,682 3,799,070 97,836 (0) 34,950,588
% Project Spent
100% 88% 95% 45% 91% 45% 67% 48% 59% 48% 87% 100% 58%
SEU ONE LLC SREC BUDGET REPORT February 2013 Activity
YTD
Beginning Cash Balance
$51,780
SEU ONE LLC - RECEIPTS PEPCO REVENUE PEPCO Monthly Reimbursement Fee SREC Transfer SEU Program Fee Upfront Fee PJM GATS FEE Return ACH Payments Solicitation Fees Reimbursement Platform Fees
$
$ $
-
Sub Total Pepco Revenue
$
-
INTEREST EARNED
$
SEU ONE START-UP DEPOSIT SEU One Payment Account SEU One Operating Account
$ $
TOTAL RECEIPTS SEU ONE LLC - EXPENSES SRECTade Monthly Fee ACH Payments SREC Payments Bank Service Charges & Fees Gats Payment Administration Fee to SEU TOTAL EXPENSES Ending Cash SREC's Transferred
$ $ $
11,000 13,317 521
$ $
500 282
$
25,620
2 $
7
$
2 $
25,627
$ $
11,000 $ 282 $
33,000 282
$
47 $
88
$
24,258
11,329 $
57,628
$
-
-
40,454 0
90
$
8,606,019
$ $ $ $ $ $
816,828 9,501 542 24,258 2,792
RECEIPTS Re-occuring Revenue Annual RGGI Allocation Bond Administration Fees 1201 loan Principle Repayment 1201 Loan Interest Income Admin Fee from SEU One Interest Income
$ $ $ $ $ $
4,755 267 1,320
SUBTOTAL -Reoccuring Revenue
$
6,342 $
853,922 $
$ $
9,863 $ 841 $ 792
$
11,496 $
19,602 $ 1,912 $ 1,583 $ $ 23,097 $
Administration Insurance Marketing/Cust Relations Material Travel, Training, Dues Office Equip. & Supplies Program Expense Utilities/Services/Rent
$ $ $ $ $ $
832 13 671 750
SUBTOTAL -Administration
$
Professional Services Accounting Services Legal Services Financial Services Public Relations
$ $ $ $
-
$ $ $ $
2,500 13,977 2,555 -
SUBTOTAL Professional Services
$
-
$
19,032 $
Programs White Oak SREC Purchases Energize Delaware\RGGI SREC Procurement Study SEU One Payment - Startup deposit SEU One Operating - Startup deposit SUBTOTAL -Programs
$ $ $ $ $ $
117,018 117,018
TOTAL-Disbursements
$
130,780 $
$ $ $ $ $ $
Annual Budget 2013 $
8,123,853
$ $ $ $ $ $
3,389,288 40,461 60,263 2,779 50,000 12,000
24% 0% 16% 20% 49% 23%
2,700,869 $
3,554,791
24%
109,398 9,739 8,917 18,000 147,303
$ $ $ $ $
129,000 12,900 10,500 18,000 170,400
15% 15% 15% 0% 14%
5,141 6,000 6,749 6,652 2,000 8,780
$ $ $ $ $ $
6,500 6,000 7,500 7,800 2,000 10,300
21% 0% 10% 15% 0% 15%
35,321 $
40,100
12%
27,500 70,023 92,445 20,000
$ $ $ $
30,000 84,000 95,000 20,000
8% 17% 3% 0%
209,968 $
229,000
8%
$ $ $ $ $ $
555,985 2,559,306 3,115,291
62% 0%
3,163,764 $
3,554,791
11%
2,572,460 40,461 50,762 2,237 25,742 9,208
DISBURSEMENTS SALARY & Payroll Expenses Salary Payroll Taxes Retirement Contributions Intern SUBTOTAL-Salary & Payroll Expeneses
$ $ $ $ $ $
2,266 $
$ $ $ $ $ $
1,359 752 1,148 1,520
$ $ $ $ $ $
4,779 $
344,120 344,120
$ $ $ $
$ $ $ $ $ $
391,027 $
211,865 2,559,306 2,771,171
NET Change in Cash
$
462,895
$
0
Ending Cash
$
9,068,914
$
8,123,853
11%
2011 Series Energy Efficiency Bond Program 2012 Report February Issue date August 1, 2011 BOND PROCEEDS Bond - Par Amount Bond - Net Premium Del. Equity Contribution
$ $ $
67,435,000 5,116,141 11,270,000
Total Proceeds
$
83,821,141
BOND USES
Initial Project February 2013 Budgets Expenses
Energy Efficiency Projects Kids Dept. OMB-Sussex DTCC - Terry DTCC - Wilmington DSU Corrections Dept OMB - Legis Mall OMB - Carvel & RR TOTAL
$ $ $ $ $ $ $ $ $
2,186,241 2,535,856 2,135,020 4,143,185 11,265,971 39,069,248 6,691,848 7,078,998 75,106,367
Capital Interest Cost of Issuance (Admin) Underwriters Discount
$ $ $
7,320,037 756,212 638,526
TOTAL
$
$ $ $
Project Expensed to Date
-
$ 2,186,241 $ $ 2,225,934 $ $ 2,028,289 $ $ 1,865,281 $ $ 442,220 $ 10,202,651 $ $ 7,214,978 $ 17,691,242 $ $ 4,484,596 $ $ 3,368,451 $ $ 7,657,198 $ 44,052,685 $ $ $ $
3,520,967 $ 658,375 $ 638,526 $
83,821,141 $ 7,657,198 $ 48,870,553 $
Project Funds Remaining
309,922 106,731 2,277,905 1,063,319 21,378,006 2,207,253 3,710,547 31,053,682 3,799,070 97,836 (0) 34,950,588
% Project Spent
100% 88% 95% 45% 91% 45% 67% 48% 59% 48% 87% 100% 58%
SEU ONE LLC SREC BUDGET REPORT February 2013 Activity
YTD
Beginning Cash Balance
$51,780
SEU ONE LLC - RECEIPTS PEPCO REVENUE PEPCO Monthly Reimbursement Fee SREC Transfer SEU Program Fee Upfront Fee PJM GATS FEE Return ACH Payments Solicitation Fees Reimbursement Platform Fees
$
$ $
-
Sub Total Pepco Revenue
$
-
INTEREST EARNED
$
SEU ONE START-UP DEPOSIT SEU One Payment Account SEU One Operating Account
$ $
TOTAL RECEIPTS SEU ONE LLC - EXPENSES SRECTade Monthly Fee ACH Payments SREC Payments Bank Service Charges & Fees Gats Payment Administration Fee to SEU TOTAL EXPENSES Ending Cash SREC's Transferred
$ $ $
11,000 13,317 521
$ $
500 282
$
25,620
2 $
7
$
2 $
25,627
$ $
11,000 $ 282 $
33,000 282
$
47 $
88
$
24,258
11,329 $
57,628
$
-
-
40,454 0
90
