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2021-01-29 BPMC Agenda and docs
BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE REGULAR MEETING AGENDA Friday, January 29, 2021 At 10:00 AM To participate dial 1-888-585-9008 and use code 212-753-619# 1. CALL TO ORDER 2. ROLL CALL (for Committee members) 3. PUBLIC ROLL CALL (for all others present) 4. AGENDA APPROVAL 5. PUBLIC COMMENTS 6. APPROVAL OF PRIOR MINUTES - December 2, 2020 and December 11, 2020 7. NEW BUSINESS 8. EXECUTIVE SESSION • Discussion of potential Required Project Work which the immediate knowledge of which would clearly have an adverse effect upon the finances of the Authority or the Project. • Discuss matters with Committee Counsel the immediate knowledge of which could have an adverse effect on the legal position of the Committee. 9. COMMITTEE REPORTS A. BUDGET REPORT (i) Budget to Actual Report (7/1/2020 – 11/30/2020) (ii) Proposed Budget Amendment 4 (additions of SQ Line O&M Costs) 10. OPERATORS REPORT 11. COMMITTEE ASSIGNMENTS 12. MEMBERS COMMENTS 13. NEXT MEETING DATE – March 26, 2021 – Regular Meeting 14. ADJOURNMENT Bradley Lake Budget to Actual Expense Report 07/01/2020 to 11/30/2020 Page 1 of 9 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Schedule A-1 Expenses for the period 07/01/20 to 11/30/20 FY19 FY20 FY21 FY21 ACTUALS ACTUALS BUDGET ACTUALS Replace/Automate Fish Water Valve Actuators 17,142 2,931 40,000 Replace 1988 Suburban Ambulance 5,350 - Tire Machine 15,246 - Battle Creek Bridge Repair - - - 99,302 UPS Replacement 65,696 37,000 IRIS Air Gap Monitoring System (computer) 41,720 45,000 Replace Dump Truck and Sander 170,000 166,608 Rough Terrain Fork Lift (with Plow) 131,593 - Pick up Truck 41,484 - KVM switch for Emerson - 3,000 Spare Trash Pump - 20,000 Housing Preliminary Design - 10,000 4,750 Emerson Cybersecurity Update - 137,000 13,856 Total Non R&C Capital Purchases 37,738 283,425 462,000 284,515 CAPITAL PURCHASES NOT FUNDED BY R&C FUND Page 2 of 9 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2020 THROUGH 11/30/2020 FY 21 FY 20 FY21 Approved Budget BUDGET % 07/01/2020 ‐ 11/30/2020 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY20 Approved Budget FY20 Actual Summary by expense type AIDEA Staff Professional Services (Direct)‐ ‐ ‐ ‐ 15,529 15,529 (15,529) ‐ ‐ Labor & Benefits 1,413,289 588,872 474,289 10,612 212 485,113 103,759 1,219,936 1,011,432 Travel 44,950 18,729 472 20 ‐ 492 18,237 45,950 10,512 Training 49,300 20,542 12,004 ‐ ‐ 12,004 8,538 49,300 14,875 Contractual 844,340 351,806 142,677 ‐ 85,985 228,662 123,144 869,842 655,575 Contractual ‐ Design Services 59,000 24,583 ‐ ‐ ‐ ‐ 24,583 ‐ ‐ Consulting‐Administrative 2,500 1,042 ‐ ‐ 988 988 55 ‐ ‐ Supplies & Materials 389,345 162,226 62,663 ‐ ‐ 62,663 99,563 346,345 262,370 Other Costs 70,818 29,507 14,873 12,151 100 27,124 2,383 67,818 65,648 Equipment, Furniture and Machinery 170,000 70,834 17,582 ‐ ‐ 17,582 53,252 176,000 127,535 Maintenance Projects ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 313 Administrative Costs 1,294,574 539,407 21,766 ‐ 366,073 387,839 151,568 1,192,464 1,373,624 Indirect Costs 1,330,587 554,409 603,909 ‐ ‐ 603,909 (49,500) 1,383,388 1,251,242 5,668,703 2,361,957 1,350,235 22,783 468,886 1,841,904 520,053 5,351,043 4,773,126 FERC 535 ‐ Operation Supervision & Engineering Operations Sup/Eng Bradley Lake Operating Labor & Benefits 107,453 44,772 41,048 ‐ ‐ 41,048 3,724 107,453 89,713 Travel 10,450 4,354 270 ‐ ‐ 270 4,084 10,450 246 Training 9,300 3,875 2,076 ‐ ‐ 2,076 1,799 9,300 991 Contractual 11,000 4,583 ‐ ‐ ‐ ‐ 4,583 1,000 173 Supplies & Materials 4,000 1,667 2,013 ‐ ‐ 2,013 (346) 4,000 3,698 Indirect Costs 155,698 64,874 57,882 ‐ ‐ 57,882 6,992 155,698 128,545 Bradley Lake Operating Total 297,901 124,125 103,289 ‐ ‐ 103,289 20,836 287,901 223,366 FERC 535 ‐ Operation Supervision & Engineering Total 297,901 124,125 103,289 ‐ ‐ 103,289 20,836 287,901 223,366 FERC 537 ‐ Hydraulic Expenses Hydraulic Expenses Bradley Lake Operating Labor & Benefits 84,192 35,080 30,361 ‐ ‐ 30,361 4,719 84,081 67,694 Travel 10,000 4,167 129 ‐ ‐ 129 4,038 10,000 ‐ Contractual (37,000) (15,417) 32,071 ‐ ‐ 32,071 (47,488) 22,000 ‐ Contractual ‐ Design Services 59,000 24,583 ‐ ‐ ‐ ‐ 24,583 ‐ ‐ Supplies & Materials 59,000 24,583 2,267 ‐ ‐ 2,267 22,316 19,000 9,806 Equipment, Furniture and Machinery 32,000 13,333 ‐ ‐ ‐ ‐ 13,333 81,000 13,368 Indirect Costs 114,320 47,633 43,223 ‐ ‐ 43,223 4,410 107,519 98,886 Bradley Lake Operating Total 321,512 133,962 108,050 ‐ ‐ 108,050 25,912 323,600 189,754 Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ FERC 537 ‐ Hydraulic Expenses Total 321,512 133,962 108,050 ‐ ‐ 108,050 25,912 323,600 189,754 FERC 538 ‐ Electric Expenses Electric Expenses Bradley Lake Operating Labor & Benefits 218,044 90,852 119,423 ‐ ‐ 119,423 (28,571) 208,745 210,745 Travel 7,000 2,917 73 ‐ ‐ 73 2,844 7,000 3,140 Training 25,000 10,417 9,928 ‐ ‐ 9,928 489 25,000 13,884 Contractual 2,000 833 ‐ ‐ ‐ ‐ 833 7,000 2,587 Supplies & Materials 41,732 17,388 22,194 ‐ ‐ 22,194 (4,806) 50,732 14,111 Other Costs 5,000 2,083 ‐ ‐ ‐ ‐ 2,083 ‐ ‐ Equipment, Furniture and Machinery 73,000 30,417 8,578 ‐ ‐ 8,578 21,840 63,000 91,512 Indirect Costs 262,004 109,168 137,562 ‐ ‐ 137,562 (28,394) 242,067 257,551 Bradley Lake Operating Total 633,780 264,075 297,757 ‐ ‐ 297,757 (33,682) 603,544 593,531 FERC 538 ‐ Electric Expenses Total 633,780 264,075 297,757 ‐ ‐ 297,757 (33,682) 603,544 593,531 FERC 539 ‐ Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Bradley Lake Operating Labor & Benefits 105,047 43,770 29,780 ‐ ‐ 29,780 13,990 104,936 70,195 Training 15,000 6,250 ‐ ‐ ‐ ‐ 6,250 15,000 ‐ Contractual 287,525 119,802 85,781 ‐ ‐ 85,781 34,021 287,525 185,822 Supplies & Materials 17,900 7,458 8,663 ‐ ‐ 8,663 (1,205) 17,900 31,569 Other Costs 65,468 27,278 ‐ ‐ ‐ ‐ 27,278 ‐ ‐ Indirect Costs 114,320 47,633 42,168 ‐ ‐ 42,168 5,465 107,519 98,544 Bradley Lake Operating Total 605,260 252,191 166,393 ‐ ‐ 166,393 85,798 532,880 386,130 BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs ‐ ‐ 14,873 ‐ ‐ 14,873 (14,873) 35,695 35,696 BRADLEY CIRCUITS/RADIO TO BERNICE LK Total ‐ ‐ 14,873 ‐ ‐ 14,873 (14,873) 35,695 35,696 BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs ‐ ‐ ‐ 12,151 ‐ 12,151 (12,151) 29,773 29,194 BRADLEY CIRCUITS BERNICE LK TO ANCH Total ‐ ‐ ‐ 12,151 ‐ 12,151 (12,151) 29,773 29,194 FERC 539 ‐ Misc. Hydraulic Power Generation Expenses Total 605,260 252,191 181,266 12,151 ‐ 193,417 58,774 598,348 451,020 FERC 541 ‐ Maintenance Supervision & Engineering Maint Supervision/Eng Bradley Lake Operating Labor & Benefits 270,154 112,564 39,835 ‐ ‐ 39,835 72,729 114,456 84,904 Indirect Costs ‐ ‐ 58,266 ‐ ‐ 58,266 (58,266) 155,698 121,096 Page 3 of 9 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2020 THROUGH 11/30/2020 FY 21 FY 20 FY21 Approved Budget BUDGET % 07/01/2020 ‐ 11/30/2020 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY20 Approved Budget FY20 Actual Bradley Lake Operating Total 270,154 112,564 98,101 ‐ ‐ 98,101 14,463 270,154 206,000 FERC 541 ‐ Maintenance Supervision & Engineering Total 270,154 112,564 98,101 ‐ ‐ 98,101 14,463 270,154 206,000 FERC 542 ‐ Maintenance of Structures Maintenance of Structures Bradley Lake Operating Labor & Benefits 77,639 32,350 27,225 ‐ ‐ 27,225 5,125 76,499 62,612 Contractual 59,000 24,583 140 ‐ ‐ 140 24,443 91,000 3,682 Supplies & Materials 100,713 41,964 2,027 ‐ ‐ 2,027 39,937 88,713 39,489 Equipment, Furniture and Machinery 52,000 21,667 9,005 ‐ ‐ 9,005 12,662 32,000 22,552 Indirect Costs 105,421 43,925 38,946 ‐ ‐ 38,946 4,979 97,823 91,244 Bradley Lake Operating Total 394,773 164,489 77,342 ‐ ‐ 77,342 87,147 386,035 219,579 BRADLEY CIRCUITS/RADIO TO BERNICE LK BRADLEY CIRCUITS/RADIO TO BERNICE LK Total ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ BRADLEY CIRCUITS BERNICE LK TO ANCH BRADLEY CIRCUITS BERNICE LK TO ANCH Total ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ FERC 542 ‐ Maintenance of Structures Total 394,773 164,489 77,342 ‐ ‐ 77,342 87,147 386,035 219,579 FERC 543 ‐ Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Bradley Lake Operating Labor & Benefits 40,744 16,977 160 ‐ ‐ 160 16,817 45,080 1,335 Travel 5,000 2,083 ‐ ‐ ‐ ‐ 2,083 ‐ ‐ Contractual 21,500 8,958 ‐ ‐ ‐ ‐ 8,958 6,500 ‐ Supplies & Materials 15,000 6,250 ‐ ‐ ‐ ‐ 6,250 ‐ ‐ Indirect Costs 56,689 23,620 249 ‐ ‐ 249 23,371 56,322 1,693 Bradley Lake Operating Total 138,933 57,888 409 ‐ ‐ 409 57,479 107,902 3,027 BRADLEY POWER TUNNEL MAINT (Dam) Contractual ‐ ‐ ‐ ‐ ‐ ‐ ‐ 15,000 ‐ BRADLEY POWER TUNNEL MAINT (Dam) Total ‐ ‐ ‐ ‐ ‐ ‐ ‐ 15,000 ‐ FERC 543 ‐ Maintenance of Reservoirs, Dams & Waterways Tota 138,933 57,888 409 ‐ ‐ 409 57,479 122,902 3,027 FERC 544 ‐ Maintenance of Electric Plant Maintenance of Elec Plant Bradley Lake Operating Labor & Benefits 309,110 128,796 139,404 ‐ ‐ 139,404 (10,608) 273,620 249,706 Travel 4,500 1,875 ‐ ‐ ‐ ‐ 1,875 4,500 ‐ Contractual 86,000 35,833 4,666 ‐ ‐ 4,666 31,167 49,000 19,661 Supplies & Materials 38,000 15,833 4,396 ‐ ‐ 4,396 11,437 70,000 66,370 Indirect Costs 423,178 176,324 185,726 ‐ ‐ 185,726 (9,402) 368,424 362,402 Bradley Lake Operating Total 860,788 358,661 334,191 ‐ ‐ 334,191 24,470 765,544 698,139 FERC 544 ‐ Maintenance of Electric Plant Total 860,788 358,661 334,191 ‐ ‐ 334,191 24,470 765,544 698,139 FERC 545 ‐ Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Bradley Lake Operating Labor & Benefits 69,297 28,874 28,418 ‐ ‐ 28,418 457 69,395 62,843 Contractual 3,900 1,625 ‐ ‐ ‐ ‐ 1,625 3,900 6,763 Supplies & Materials 58,000 24,167 20,916 ‐ ‐ 20,916 3,251 63,000 93,510 Maintenance Projects ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 313 Indirect Costs 98,957 41,232 39,887 ‐ ‐ 39,887 1,345 92,318 91,280 Bradley Lake Operating Total 230,154 95,898 89,220 ‐ ‐ 89,220 6,678 228,613 254,710 FERC 545 ‐ Maintenance of Misc. Hydraulic Plant Total 230,154 95,898 89,220 ‐ ‐ 89,220 6,678 228,613 254,710 FERC 556 ‐ System Control & Load Dispatching System Cntl & Load Disp Bradley Lake Operating Labor & Benefits 21,140 8,808 13,636 ‐ ‐ 13,636 (4,828) 21,140 37,091 Contractual 53,000 22,083 3,068 ‐ ‐ 3,068 19,015 53,000 57,365 Supplies & Materials 6,000 2,500 188 ‐ ‐ 188 2,312 6,000 3,204 Bradley Lake Operating Total 80,140 33,391 16,892 ‐ ‐ 16,892 16,499 80,140 97,661 Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Snow Measurement Bradley Lake Operating Contractual 10,000 4,167 ‐ ‐ 10,000 10,000 (5,833) 10,000 10,000 Bradley Lake Operating Total 10,000 4,167 ‐ ‐ 10,000 10,000 (5,833) 10,000 10,000 Seismic Service Bradley Lake Operating Contractual 62,000 25,833 ‐ ‐ 24,557 24,557 1,276 62,000 56,310 Bradley Lake Operating Total 62,000 25,833 ‐ ‐ 24,557 24,557 1,276 62,000 56,310 Streamguaging Serv Bradley Lake Operating Contractual 183,615 76,506 ‐ ‐ 48,404 48,404 28,102 209,917 189,917 Bradley Lake Operating Total 183,615 76,506 ‐ ‐ 48,404 48,404 28,102 209,917 189,917 Permits Bradley Lake Operating Other Costs 350 146 ‐ ‐ 100 100 46 350 758 Bradley Lake Operating Total 350 146 ‐ ‐ 100 100 46 350 758 FERC 556 ‐ System Control & Load Dispatching Total 336,105 140,043 16,892 ‐ 83,061 99,953 40,090 362,407 354,646 Page 4 of 9 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2020 THROUGH 11/30/2020 FY 21 FY 20 FY21 Approved Budget BUDGET % 07/01/2020 ‐ 11/30/2020 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY20 Approved Budget FY20 Actual FERC 562 ‐ Station Expenses Station Expenses Bradley Lake Operating Labor & Benefits 83,010 34,588 5,000 10,612 212 15,824 18,764 87,072 72,086 Travel 4,500 1,875 ‐ 20 ‐ 20 1,855 4,000 2,596 Contractual 1,800 750 16,952 ‐ 3,024 19,976 (19,226) 2,000 51,167 Supplies & Materials 44,000 18,333 ‐ ‐ ‐ ‐ 18,333 22,000 613 Other Costs ‐ ‐ ‐ ‐ ‐ ‐ ‐ 2,000 ‐ Equipment, Furniture and Machinery 13,000 5,417 ‐ ‐ ‐ ‐ 5,417 ‐ ‐ Bradley Lake Operating Total 146,310 60,963 21,952 10,632 3,236 35,820 25,143 117,072 126,462 FERC 562 ‐ Station Expenses Total 146,310 60,963 21,952 10,632 3,236 35,820 25,143 117,072 126,462 #N/A Weather Monitoring Power Sup Bradley Lake Operating Contractual ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 5,244 Bradley Lake Operating Total ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 5,244 #N/A ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 5,244 FERC 571 ‐ Maintenance of Overhead Lines Maint of OH Lines Bradley Lake Operating Labor & Benefits 27,459 11,441 ‐ ‐ ‐ ‐ 11,441 27,459 2,507 Travel ‐ ‐ ‐ ‐ ‐ ‐ ‐ 10,000 4,530 Contractual 100,000 41,667 ‐ ‐ ‐ ‐ 41,667 50,000 66,883 Supplies & Materials 5,000 2,083 ‐ ‐ ‐ ‐ 2,083 5,000 ‐ Equipment, Furniture and Machinery ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 103 Bradley Lake Operating Total 132,459 55,191 ‐ ‐ ‐ ‐ 55,191 92,459 74,024 FERC 571 ‐ Maintenance of Overhead Lines Total 132,459 55,191 ‐ ‐ ‐ ‐ 55,191 92,459 74,024 FERC 920 & 930 ‐ Administrative Expense AEA Bradley Fixed Admin Fees Bradley Lake Operating AIDEA Staff Professional Services (Direct)‐ ‐ ‐ ‐ 15,529 15,529 (15,529) ‐ ‐ Travel 3,500 1,458 ‐ ‐ ‐ ‐ 1,458 ‐ ‐ Consulting‐Administrative 2,500 1,042 ‐ ‐ 988 988 55 ‐ ‐ Administrative Costs 59,755 24,898 ‐ ‐ 13,202 13,202 11,696 200,000 200,000 Bradley Lake Operating Total 65,755 27,398 ‐ ‐ 29,719 29,719 (2,321) 200,000 200,000 Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Operating Committee Exp‐Audit Bradley Lake Operating Administrative Costs 19,900 8,292 ‐ ‐ ‐ ‐ 8,292 19,900 20,298 Bradley Lake Operating Total 19,900 8,292 ‐ ‐ ‐ ‐ 8,292 19,900 20,298 Operating Committee Exp‐Legal Bradley Lake Operating Administrative Costs 70,000 29,167 ‐ ‐ 31,924 31,924 (2,757) 30,000 215,162 Bradley Lake Operating Total 70,000 29,167 ‐ ‐ 31,924 31,924 (2,757) 30,000 215,162 Operat Committee Exp‐Arbitrage Bradley Lake Operating Administrative Costs 5,000 2,083 ‐ ‐ ‐ ‐ 2,083 3,000 2,685 Bradley Lake Operating Total 5,000 2,083 ‐ ‐ ‐ ‐ 2,083 3,000 2,685 Trust & Account Fees Bradley Lake Operating Administrative Costs 13,000 5,417 ‐ ‐ 5,959 5,959 (542) 11,918 12,118 Bradley Lake Operating Total 13,000 5,417 ‐ ‐ 5,959 5,959 (542) 11,918 12,118 Misc Admin Bradley Lake Operating Administrative Costs 18,900 7,875 12,360 ‐ 6,600 18,960 (11,085) 11,646 12,000 Bradley Lake Operating Total 18,900 7,875 12,360 ‐ 6,600 18,960 (11,085) 11,646 12,000 FERC 920 & 930 ‐ Administrative Expense Total 192,555 80,232 12,360 ‐ 74,202 86,562 (6,330) 276,464 462,263 FERC 924 & 925 ‐ Insurance Premiums Insurance Premiums Bradley Lake Operating Administrative Costs 748,019 311,675 9,406 ‐ 284,143 293,549 18,126 631,000 653,129 Bradley Lake Operating Total 748,019 311,675 9,406 ‐ 284,143 293,549 18,126 631,000 653,129 FERC 924 & 925 ‐ Insurance Premiums Total 748,019 311,675 9,406 ‐ 284,143 293,549 18,126 631,000 653,129 FERC 928 ‐ Regulatory Commission Expenses FERC Admin Fees Bradley Lake Operating Administrative Costs 175,000 72,917 ‐ ‐ ‐ ‐ 72,917 185,000 169,976 Bradley Lake Operating Total 175,000 72,917 ‐ ‐ ‐ ‐ 72,917 185,000 169,976 FERC Related Prof Services BRADLEY FERC PART 12 INSPECTION Administrative Costs 75,000 31,250 ‐ ‐ ‐ ‐ 31,250 ‐ ‐ BRADLEY FERC PART 12 INSPECTION Total 75,000 31,250 ‐ ‐ ‐ ‐ 31,250 ‐ ‐ BRADLEY CONTRACTUAL ENGINEER‐FERC LICENSE ISSUES Administrative Costs 110,000 45,833 ‐ ‐ 24,244 24,244 21,589 100,000 88,256 Page 5 of 9 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2020 THROUGH 11/30/2020 FY 21 FY 20 FY21 Approved Budget BUDGET % 07/01/2020 ‐ 11/30/2020 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY20 Approved Budget FY20 Actual BRADLEY CONTRACTUAL ENGINEER‐FERC LICENSE ISSUES Tot 110,000 45,833 ‐ ‐ 24,244 24,244 21,589 100,000 88,256 FERC 928 ‐ Regulatory Commission Expenses Total 360,000 150,000 ‐ ‐ 24,244 24,244 125,756 285,000 258,232 Total Bradley Lake Budget 5,668,703 2,361,957 1,350,235 22,783 468,886 1,841,904 520,053 5,351,043 4,773,126 Page 6 of 9 BRADLEY LAKE R&C FUND DISBURSEMENTS AND REPAYMENTS SCHEDULE D Expenses for the Period 07/1/20 through 11/30/20 Actual Actual Actual Projected @06/30/20 TO REPAY @ 11/30/20 TO REPAY Budget Description Expense @6/30/20 Expense @6/30/21 FY21 R&C FUND PROJECTS Governor 0.00 4,052,070.14 0.00 4,052,070.14 0.00 Replace RFLS 0.00 251,092.69 0.00 251,092.69 0.00 Replace Runners 0.00 1,946,732.79 0.00 1,946,732.79 0.00 Replace cable from dam to power house 0.00 2,321,922.94 0.00 2,321,922.94 0.00 Replace power system stabilizer 0.00 619,205.10 0.00 619,205.10 0.00 Replace two RTUs 0.00 86,905.27 0.00 86,905.27 0.00 Culvert Repairs 0.00 675,966.79 0.00 675,966.79 0.00 Tower Repair for Jack Frost Heaves 0.00 887,596.62 0.00 887,596.62 0.00 Replace Plant and SCADA Controls 0.00 1,344,683.05 0.00 1,344,683.05 0.00 Vibration Monitoring System 0.00 490.00 0.00 490.00 0.00 Fire Alarm System Replacement 41,179.09 41,179.09 21,770.58 62,949.67 150,000.00 Battle Creek Diversion 0.00 1,170,000.00 0.00 1,170,000.00 0.00 Bradley Replace Electro-Mechanical Relays 0.00 1,277,197.06 0.00 1,277,197.06 0.00 Fishwater Screen Debris Removal 0.00 312,236.43 0.00 312,236.43 0.00 Turbine Nozzel Repair 0.00 1,428,861.07 0.00 1,428,861.07 0.00 Spillway Raise 0.00 0.00 0.00 0.00 0.00 SVC replacement Daves Creek | Soldotna 0.00 8,517,991.11 0.00 8,517,991.11 0.00 Equipment Storage Shed 0.00 510,550.13 0.00 510,550.13 0.00 Emerson Operating System Upgrade 0.00 622,665.00 0.00 622,665.00 0.00 Generator #2 Replacement 370,871.04 953,212.71 0.00 953,212.71 0.00 Road Grader 0.00 0.00 0.00 370,000.00 Battle Creek Construction 0.00 3,665,864.15 3,665,864.15 3,300,000.00 Battle Creek Cash Call-Expended 0.00 750,000.00 750,000.00 750,000.00 Repayment through Cash Call 0.00 (750,000.00) (750,000.00) (750,000.00) Needle Repairs 0.00 390,452.46 390,452.46 700,000.00 0.00 0.00 412,050.13 27,020,557.99 4,078,087.19 31,098,645.18 4,520,000.00 Current Year R&C Repayment (2,121,396.10) (610,449.00) Adjust to balance to $5million 0.00 (129,785.71) Interest in Fund Applied to Repayment (175,199.84) (128,881.76) Net Transfer from Revenue Fund (2,296,595.94) (869,116.47) Cumulative Prior Years R&C Repayments (23,240,089.01) (25,518,390.50) Due to (from) Utilities 18,294.45 (1,147,444.26) Adjust Due to R&C Actual 0.00 0.00 (23,221,794.56) (26,665,834.76) NET DUE TO R&C FUND 1,502,167.49 3,563,693.95 R&C FUND CASH FLOW PROJECTION Beginning Investment Balance 2,435,913.25 3,922,231.19 Disbursements-current year -Accrual (721,894.25) (4,078,087.19) Disbursements-prior year accrued 0.00 (406,104.23) Utilities' R&C Refund (88,383.75) (18,294.45) Net other cash inflow(outflow)0.00 129,785.71 Current year interest earnings 175,199.84 128,881.76 Participants Contributions to R&C Fund 2,121,396.10 610,449.00 Ending Investment Balance 3,922,231.19 288,861.79 Accrued Due to (from) Utilities (18,294.45) 1,147,444.26 R&C payable back to the revenue fund 0.00 0.00 Accrued R&C vendor Payable at Year End (406,104.23) 0.00 PROJECTED NET DUE + ENDING INVESTMENT BALANCE 5,000,000.00 5,000,000.00 REPAYMENT AMOUNT $1,649,677 X 25% $4,139,810 X 25% $238,606.15 X 25% $954,181.79 x 25% $756,665.11 x 25% all 4 years $1,455,830.05 x 25% all 4 years $1,401,948.53 x 25% all 4 years $1,834,499.92 x 25% yr 1 | 25% yr 2 | 50% yr 3 $3,330,802.80 x 25% yr 1 | 32% yr 2 | 25% yr 3 |18% yr4 $5,644,193.08 x 25% all 4 years 4th 1,411,048.27 $1,341,405.96 x 25% all 4 years 3rd 335,351.49 4th 335,351.49 $1,715,556.80 x 25% all 4 years 2nd 428,889.20 3rd 428,889.20 $412,050.13 x 25% all 4 years 1st 103,012.53 2nd 103,012.53 $5,270,000 x 25% all 4 years 1st 1,019,521.80 2,278,301.49 1,886,775.02 Page 7 of 9 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Capital Purchases Schedule E Expenses for the period 07/01/20 to 11/30/20 FY19 FY20 FY21 FY21 Actuals Actual Budget Actual Used 2007 Chevrolet Silverado - Used 2006 Chevrolet Silverado - Battle Creek Diversion - 822,327 320,000 7,913 Total capital revenue fund purchases - 822,327 320,000 7,913 Battle Creek Capital Purchases Page 8 of 9 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2020 THROUGH 11/30/2020 FY 21 FY 20 FY21 Approved Budget BUDGET % 07/01/2020 ‐ 11/30/2020 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY20 Approved Budget FY20 Actual Summary by expense type Contractual 111,000 46,250 ‐ ‐ 11,250 11,250 35,000 ‐ ‐ Administrative Costs 436,714 181,965 83,351 ‐ 27,035 110,386 71,579 395,424 580,606 547,714 228,215 83,351 ‐ 38,285 121,636 106,579 395,424 580,606 FERC 537 ‐ Hydraulic Expenses Hydraulic Expenses Bradley Battle Creek Diversion Contractual 66,000 27,500 ‐ ‐ ‐ ‐ 27,500 ‐ ‐ Bradley Battle Creek Diversion Total 66,000 27,500 ‐ ‐ ‐ ‐ 27,500 ‐ ‐ FERC 537 ‐ Hydraulic Expenses Total 66,000 27,500 ‐ ‐ ‐ ‐ 27,500 ‐ ‐ FERC 556 ‐ System Control & Load Dispatching System Cntl & Load Disp Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Streamguaging Serv Bradley Battle Creek Diversion Contractual 45,000 18,750 ‐ ‐ 11,250 11,250 7,500 ‐ ‐ Bradley Battle Creek Diversion Total 45,000 18,750 ‐ ‐ 11,250 11,250 7,500 ‐ ‐ FERC 556 ‐ System Control & Load Dispatching Total 45,000 18,750 ‐ ‐ 11,250 11,250 7,500 ‐ ‐ FERC 920 & 930 ‐ Administrative Expense AEA Bradley Fixed Admin Fees Bradley Battle Creek Diversion Administrative Costs 314,664 131,110 1,285 ‐ 7,602 8,887 122,223 117,274 117,325 Bradley Battle Creek Diversion Total 314,664 131,110 1,285 ‐ 7,602 8,887 122,223 117,274 117,325 Operating Committee Exp‐Legal Bradley Battle Creek Diversion Administrative Costs 30,000 12,500 ‐ ‐ 16,190 16,190 (3,690) 15,000 135,880 Bradley Battle Creek Diversion Total 30,000 12,500 ‐ ‐ 16,190 16,190 (3,690) 15,000 135,880 Operat Committee Exp‐Arbitrage Bradley Battle Creek Diversion Administrative Costs 2,000 833 ‐ ‐ ‐ ‐ 833 2,000 1,690 Bradley Battle Creek Diversion Total 2,000 833 ‐ ‐ ‐ ‐ 833 2,000 1,690 Trust & Account Fees Bradley Battle Creek Diversion Administrative Costs 8,800 3,667 ‐ ‐ 3,200 3,200 467 4,800 5,000 Bradley Battle Creek Diversion Total 8,800 3,667 ‐ ‐ 3,200 3,200 467 4,800 5,000 Misc Admin Bradley Battle Creek Diversion Administrative Costs 100 42 24,103 ‐ 43 24,146 (24,104) 100 110 Bradley Battle Creek Diversion Total 100 42 24,103 ‐ 43 24,146 (24,104) 100 110 Professional consultants Bradley Battle Creek Diversion Administrative Costs 81,150 33,813 57,963 ‐ ‐ 57,963 (24,150) 256,250 320,601 Bradley Battle Creek Diversion Total 81,150 33,813 57,963 ‐ ‐ 57,963 (24,150) 256,250 320,601 FERC 920 & 930 ‐ Administrative Expense Total 436,714 181,965 83,351 ‐ 27,035 110,386 71,579 395,424 580,606 Total Bradley Lake Budget 547,714 228,215 83,351 ‐ 38,285 121,636 106,579 395,424 580,606 Page 9 of 9 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECT2021 PROPOSED BUDGET - AMEND 4DATE: January 2021 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECT2021 Budget ContentsScheduleDescriptionPage #Overview of Budget Changes between FY20 Amended Budget and FY21 Proposed Budget - Amend 3 3Schedule A Budget Summary4Schedule A-1 Capital Purchases not funded by R&C5Schedule B Operations & Maintenance Budget6 - 14Schedule C Monthly Utility Contributions15Schedule D R&C Fund Disbursements and Repayments 16Schedule E Battle Creek Capital Purchases17Schedule F Battle Creek Administrative Costs18-19Schedule G Battle Creek Monthly Utility Contributions20`1/22/20211:51 PMH:\Accounting\AEA FY21 FS Shared Files\Bradley Lake\Budget\2021-BradleyBudget-Proposed Amend4-Jan2021.xlsx 2 of 20 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTOverview of Budget Changes between FY20 Amended Budget and FY21 Proposed BudgetFY20 Amended Budgeted Utility Contributions19,584,485From Schedule AREVENUESDecrease in interest income 11,000Increase in other available funds (1,325,513)(1,314,513)EXPENSESIncrease Operations & Maintenance447,660Decrease Renewals/Replacements (R&C Fund Repayments)(1,136,647)Decrease Non R&C Capital Purchases(33,000)Decrease Transfer To(From) Operating Reserve(27,963)Decrease Debt Service(1,325,513)Increase Arbitrage Transfer8,911(2,066,552)Net change in utility contributions(3,381,064)FY21 Budgeted Utility Contributions16,203,421Battle Creek-FY20 Amended Budgeted Utility Contributions2,562,036From Schedule AEXPENSESIncrease in Battle Creek Administrative costs152,290Increase in R&C Fund Payments1,104,000Increase in Transfer To(From) Operating Reserve42,638Increase in Debt Service1,764,993Decrease in Capital Purchases(105,000)Decrease in Cost of Issuance 9th Series0Increase in Capital Reserve Contribution492,0913,451,012Net change in utility contributions3,451,012Battle Creek-FY21 Budgeted Utility Contributions6,013,0481/22/20211:51 PM2021-BradleyBudget-Proposed Amend4-Jan2021.xlsxOverviewPage 3 of 20 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTBudget SummarySchedule AFY2020 FY2021 FY2021 FY2021 Inc(Dec) FromFY2016 FY2017 FY2018 FY2019 FY2020 Approved Amend 3 Proposed Amend 4 FY20 ApprovedBradley Lake (excluding Battle Creek shown below)ActualsActualsActualsActualsActualsBudgetBudgetChangesBudgetBudget Revenues, Expenses & Changes in surplusRevenuesUtility Contributions (sch C) 17,828,513 17,172,295 18,373,909 18,132,905 18,507,495 19,584,485 15,841,345 362,076 16,203,421(3,381,064)Interest Income 1,930,547 1,991,555 2,064,454 1,946,023 1,887,786 1,810,000 1,910,000(111,000)1,799,000(11,000)Other Miscellaneous-R&C Fund Cash Call 0 0 17,251 2,501 0 0 750,000 750,000 750,000Other Available Funds1,325,513 0 1,325,513 1,325,51319,759,060 19,163,850 20,455,614 20,081,429 20,395,281 21,394,485 19,076,858 1,001,076 20,077,934(1,316,552)ExpensesOperations & Maintenance (sch B) 4,273,634 4,011,783 3,985,722 4,019,975 4,773,126 5,351,042 5,668,702 130,000 5,798,702 447,660Renewals/Replacements (R&C Fund Repayments) (sch D) 2,692,710 2,476,905 2,579,100 2,774,832 2,278,302 2,121,400 1,106,741(121,988)984,753(1,136,647)Renewals/Replacements (R&C Fund Cash Call) (sch D)0 750,000 750,000 750,000Non R&C Capital Purchases (sch A-1) 26,444 89 954,060 37,738 283,425685,000 462,000 190,000 652,000(33,000)Transfer To(From) Operating Reserve(9,747) (85,531) (112,145)38,816 112,715 112,715 84,752 0 84,752(27,963)Debt Service (net of Capital Reserve Reductions) 12,494,600 12,426,200 12,778,100 12,778,588 12,778,775 12,778,775 11,453,263 0 11,453,263(1,325,513)Arbitrage Transfer 281,419 334,404 270,777 431,480 168,938 345,553 301,400 53,064 354,464 8,91119,759,060 19,163,850 20,455,614 20,081,429 20,395,281 21,394,485 19,076,858 1,001,076 20,077,934(1,316,552)Surplus (Deficit) 0 0 0 0 0 0Other Project Costs - Battle Creek Revenues, Expenses & Changes in surplusRevenues - Battle CreekUtility Contributions (sch G) 0 800,000 333,860 000000Utility Contributions (sch G) 0 0 497,636 1,319,734 1,967,642 2,562,036 5,734,048 279,000 6,013,048 3,451,012Utility Contributions R&C Fund Cash Call0000Capital Reserve Contributions 0 0 2,796,378 000000Other Available Funds 000 0 00000Interest Income 0 0 14,758 67,492 47,620000000 800,000 3,642,632 1,387,226 2,015,262 2,562,036 5,734,048 279,000 6,013,048 3,451,012Expenses - Battle CreekBattle Creek Administrative costs (sch F) 0 0 137,456 527,723 580,606 395,424 547,714 0 547,714 152,290Renewals/Replacements (R&C Fund Repayments) (sch D)825,000 279,000 1,104,000 1,104,000Renewals/Replacements (R&C Fund Cash Call) (sch D)0000Capital Purchases (sch E) 0 800,000 333,860 0000000Capital Purchases - Revenue Fund (sch E) 0 0 16,500 149,941 822,327 425,000 320,000 0 320,000(105,000)Transfer To(From) Operating Reserve 0 0 8,760 82,038(11,713) (11,712)30,926 0 30,926 42,638Debt Service0 0 895,824 1,748,534 1,753,324 1,753,324 3,518,317 0 3,518,317 1,764,993IRS Subsidy00(571,876) (1,121,010) (1,129,282)00000Cost of Issuance 9th Series 0025,730 0 00000Capital Reserve Contribution 0 0 2,796,378 0 0 492,091 0 492,091 492,0910 800,000 3,642,632 1,387,226 2,015,262 2,562,036 5,734,048 279,000 6,013,048 3,451,012Surplus (Deficit)000 0000000Other InformationOperating Reserve * 1,116,353 1,030,822 918,677 957,494 1,070,208 1,070,208 1,133,740 1,159,740Operating Reserve - Battle Creek*8,760 90,798 79,085 79,085 109,543 109,543Monthly Contributions 1,654,119 1,628,614 1,651,614 1,511,075 1,632,040 1,632,040 1,320,112 1,350,285Monthly Contributions Battle Creek52,780 109,978 242,670 213,503 477,837 501,087*Required to be 20% of budgeted operating expense1/22/20211:51 PM2021-BradleyBudget-Proposed Amend4-Jan2021.xlsxSch APage 4 of 20 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTCapital Purchases Not Funded by R&C FundSchedule A-1FY17 FY18 FY19 FY20 FY20 FY21 FY21 FY21Approved Amend 3 Proposed Amend 4ActualsActualsActualsActualsBudgetBudgetChangesBudgetComments for FY21:Replace/Automate Fish Water Valves & Actuators 89 361,430 17,142 2,931 - 40,000 - 40,000 Actuator has failedEquipment storage shed (unheated bus barn) - 67,539 - - - - - 1 ton Flatbed with Plow - 57,016 - - - - - Battle Creek Bridge Repair Refurbishment (2) - - - - 220,000 - - - Mobil Crane 40 to 50 tons (used) - 88,875 - - - - - Replace Michigan Loader - 263,306 - - - - - Upgrade Crews Quarters\Residence Kitchen - 1,850 - - - - - Replace 1988 Suburban Ambulance - 59,430 5,350 - - - - 1/2 ton Pick up truck - 34,693 - - - - - Replace High Bay Lighting in Power Plant 19,920 - - - - - Turbine Nozzle Repair - - - - - - - Tire machine - - 15,246 - - - - Replace dump truck and sander - - - - 170,000 170,000 - 170,000 Budgeted in FY20, delayed due to COVID-19Pick up truck - - - 41,484 45,000 - - - UPS Replacement - - - 65,696 75,000 37,000 - 37,000 Need 2nd Battery ChargerRough terrain fork lift (with plow for snow) - - - 131,594 130,000 - - - IRIS Air gap monitoring system (computer) - - - 41,720 45,000 45,000 - 45,000 New generator analysis computerKVM switch for Emerson - - - - 3,000 - 3,000 Emerson upgrade causes need for new switchSpare Trash Pump - - - - 20,000 - 20,000 Leaking needles cause the trash pump to run all the time - need spareHousing Preliminary Design 10,000 - 10,000 New housing site evaluation and preliminary designHeavy Duty trailer for equipment - - - - - - - Need trailer to haul excavator and bulldozer up mountainEmerson Cybersecurity Update 137,000 - 137,000 Emerson Cybersecurity UpdateSQ Line Access Documentation 150,000 150,000 Update line access documentation, line documentation, and base mapsSQ Line Acquisition Costs - 40,000 40,000 AEA time and legal costs for SQ Line acquisitonTotal Non R&C Capital Purchases 89 954,060 37,738 283,425 685,000 462,000 190,000 652,000 Capital Project Description1/22/20211:51 PM2021-BradleyBudget-Proposed Amend4-Jan2021.xlsxSch A-1Page 5 of 20 ALASKA ENERGY AUTHORITYHEA2,891,705 HEA3,231,918 HEA3,905,222 HEA4,198,837 BRADLEY LAKE HYDROELECTRIC PROJECTCEA183,499 CEA183,491 CEA109,547 CEA101,785 Bradley Lake Operations and Maintenance BudgetAEA1,705,585 AEA1,458,178 AEA1,418,731 AEA1,681,784 Schedule B FY18 FY19 FY20 FY18 Amended Budget Actual (Over) Under Budget to date FY19 Amended Budget Actual (Over) Under Budget to date FY20 Actual (Over) Under Budget to date FY21 Amend 3 Budget FY21 Proposed Changes FY21 Amend 4 Budget Increase (Decrease) From PY Summary by cost typeLabor & Benefits1,889,814 1,578,236 311,578 1,572,497 1,307,514 264,983 1,219,935 1,011,432 208,503 1,413,288 32,500 1,445,788 225,853 Indirect Costs- - - 583,803 579,115 4,688 1,383,388 1,251,242 132,146 1,330,587 - 1,330,587 (52,801) Travel76,950 16,114 60,836 33,950 28,380 5,570 45,950 10,512 35,438 44,950 - 44,950 (1,000) Training49,300 14,046 35,254 49,300 20,957 28,343 49,300 14,875 34,425 49,300 - 49,300 - Contractual841,062 659,773 181,289 1,033,216 633,895 399,321 869,842 660,819 209,023 903,340 110,000 1,013,340 143,498 Supplies & Materials183,345 152,799 30,546 204,345 156,340 48,005 346,345 262,370 83,975 389,345 7,500 396,845 50,500 Other Costs387,818 276,371 111,447 69,818 31,293 38,525 67,818 65,648 2,170 70,818 - 70,818 3,000 Equipment, Furniture and Machinery7,000 25,562 (18,562) 7,000 6,879 121 176,000 127,535 48,465 170,000 - 170,000 (6,000) Maintenance Projects- 3,381 (3,381) - 44,926 (44,926) - 313 (313) - - - - Administrative Costs1,158,098 1,259,440 (101,342) 1,233,537 1,210,676 22,861 1,192,464 1,373,624 (181,160) 1,478,319 (20,000) 1,458,319 265,855 Battle Creek O&M- - - - - - - - - (181,245) - (181,245) (181,245) 4,593,387 3,985,722 607,665 4,787,467 4,019,975 767,492 5,351,042 4,778,370 572,672 5,668,702 130,000 5,798,702 447,660 Bradley Lake O&M 4% charge to Battle CreekBattle Creek O&M- - - - - - - - - (181,245) - (181,245) (181,245) Bradley Lake O&M 4% charge to Battle CreekFERC 535 ‐ Operation Supervision & EngineeringOperations Sup/EngBradley Lake OperatingLabor & Benefits265,587 262,431 3,156 189,074 182,059 7,015 107,453 89,713 17,740 107,453 - 107,453 - Indirect Costs- - - 77,849 74,535 3,314 155,698 128,545 27,153 155,698 - 155,698 - Travel10,450 2,271 8,179 10,450 13,462 (3,012) 10,450 246 10,204 10,450 - 10,450 - Training9,300 3,452 5,848 9,300 4,305 4,995 9,300 991 8,309 9,300 - 9,300 - Contractual1,000 121 879 1,000 257 743 1,000 173 827 11,000 - 11,000 10,000 Supplies & Materials4,000 3,210 790 4,000 2,688 1,312 4,000 3,698 302 4,000 - 4,000 - Bradley Lake Operating Total290,337 271,485 18,852 291,673 277,306 14,367 287,901 223,366 64,536 297,901 - 297,901 10,000 FERC 535 ‐ Operation Supervision & Engineering Total 290,337 271,485 18,852 291,673 277,306 14,367 287,901 223,366 64,536 297,901 ‐ 297,901 HEA10,000 1/22/20211:51 PM2021-BradleyBudget-Proposed Amend4-Jan2021.xlsxSch BPage 6 of 20 FY18 FY19 FY20 FY18 Amended Budget Actual (Over) Under Budget to date FY19 Amended Budget Actual (Over) Under Budget to date FY20 Actual (Over) Under Budget to date FY21 Amend 3 Budget FY21 Proposed Changes FY21 Amend 4 Budget Increase (Decrease) From PY FERC 537 ‐ Hydraulic ExpensesHydraulic ExpensesBradley Lake OperatingLabor & Benefits94,453 69,032 25,421 88,714 71,767 16,947 84,081 67,694 16,387 84,192 - 84,192 111 Indirect Costs- - - 41,515 42,543 (1,028) 107,519 98,886 8,633 114,320 - 114,320 6,801 Travel- - - - - - 10,000 - 10,000 10,000 - 10,000 - Contractual2,000 - 2,000 2,000 11,524 (9,524) 22,000 - 22,000 22,000 - 22,000 - Supplies & Materials2,000 976 1,024 2,000 2,636 (636) 19,000 9,806 9,194 59,000 - 59,000 40,000 Equipment, Furniture and Machinery- - - - - - 81,000 13,368 67,632 32,000 - 32,000 (49,000) Bradley Lake Operating Total98,453 70,008 28,445 134,230 128,470 5,760 323,600 189,754 133,846 321,512 - 321,512 (2,088) FERC 537 ‐ Hydraulic Expenses Total 98,453 70,008 28,445 134,230 128,470 5,760 323,600 189,754 133,846 321,512 ‐ 321,512 HEA(2,088) FERC 538 ‐ Electric ExpensesElectric ExpensesBradley Lake OperatingLabor & Benefits232,294 202,969 29,325 224,811 209,646 15,165 208,745 210,745 (2,000) 218,044 - 218,044 9,299 Indirect Costs- - - 102,222 110,544 (8,322) 242,067 257,551 (15,484) 262,004 - 262,004 19,937 Travel7,000 6,877 123 7,000 4,890 2,110 7,000 3,140 3,860 7,000 - 7,000 - Training25,000 231 24,769 25,000 12,406 12,594 25,000 13,884 11,116 25,000 - 25,000 - Contractual2,000 1,400 600 2,000 - 2,000 7,000 2,587 4,413 2,000 - 2,000 (5,000) Supplies & Materials9,732 5,513 4,219 9,732 4,503 5,229 50,732 14,111 36,621 41,732 - 41,732 (9,000) Equipment, Furniture and Machinery- - - - - - 63,000 91,512 (28,512) 73,000 - 73,000 10,000 Other Costs- 5,000 - 5,000 5,000 Bradley Lake Operating Total276,026 216,990 59,036 370,765 341,989 28,776 603,544 593,530 10,014 633,780 - 633,780 30,236 FERC 538 ‐ Electric Expenses Total 276,026 216,990 59,036 370,765 341,989 28,776 603,544 593,530 10,014 633,780 ‐ 633,780 HEA30,236 1/22/20211:51 PM2021-BradleyBudget-Proposed Amend4-Jan2021.xlsxSch BPage 7 of 20 FY18 FY19 FY20 FY18 Amended Budget Actual (Over) Under Budget to date FY19 Amended Budget Actual (Over) Under Budget to date FY20 Actual (Over) Under Budget to date FY21 Amend 3 Budget FY21 Proposed Changes FY21 Amend 4 Budget Increase (Decrease) From PY FERC 539 ‐ Misc. Hydraulic Power Generation ExpensesMisc Hydro Power ExpBradley Lake OperatingLabor & Benefits179,530 172,689 6,841 168,044 116,910 51,134 104,936 70,195 34,741 105,047 - 105,047 111 Indirect Costs- - - 41,515 42,396 (881) 107,519 98,544 8,975 114,320 - 114,320 6,801 Training15,000 10,363 4,637 15,000 4,245 10,755 15,000 - 15,000 15,000 - 15,000 - Contractual287,525 212,841 74,684 287,525 147,555 139,970 287,525 185,822 101,703 287,525 - 287,525 - Supplies & Materials17,900 18,271 (371) 17,900 31,565 (13,665) 17,900 31,569 (13,669) 17,900 - 17,900 - Bradley Lake Operating Total499,955 414,164 85,791 529,984 342,671 187,313 532,879 386,130 146,749 539,791 - 539,791 HEA6,912 BRADLEY CIRCUITS/RADIO TO BERNICE LKOther Costs35,695 35,696 (1) 35,695 35,696 (1) 35,695 35,696 (1) 35,695 - 35,695 - BRADLEY CIRCUITS/RADIO TO BERNICE LK Total35,695 35,696 (1) 35,695 35,696 (1) 35,695 35,696 (1) 35,695 - 35,695 HEA- BRADLEY CIRCUITS BERNICE LK TO ANCHOther Costs29,773 29,728 45 29,773 29,524 249 29,773 29,194 579 29,773 - 29,773 - BRADLEY CIRCUITS BERNICE LK TO ANCH Total29,773 29,728 45 29,773 29,524 249 29,773 29,194 579 29,773 - 29,773 CEA - FERC 539 ‐ Misc. Hydraulic Power Generation Expenses Total 565,423 479,588 85,835 595,452 407,891 187,561 598,347 451,020 147,327 605,259 ‐ 605,259 6,912 FERC 540 ‐ RentsFERC Land Use FeeBradley Lake OperatingOther Costs318,000 202,079 115,921 - (35,289) 35,289 - - - - - - - Bradley Lake Operating Total318,000 202,079 115,921 - (35,289) 35,289 - - - - - - - FERC 540 ‐ Rents Total 318,000 202,079 115,921 ‐ (35,289) 35,289 ‐ ‐ ‐ ‐ ‐ ‐ AEA‐ FERC 541 ‐ Maintenance Supervision & EngineeringMaint Supervision/EngBradley Lake OperatingLabor & Benefits272,586 263,101 9,485 195,817 181,894 13,923 114,456 84,904 29,552 270,154 - 270,154 155,698 Indirect Costs- - - 77,849 74,373 3,476 155,698 121,096 34,602 - - - (155,698) Bradley Lake Operating Total272,586 263,101 9,485 273,666 256,267 17,399 270,154 206,000 64,154 270,154 - 270,154 - FERC 541 ‐ Maintenance Supervision & Engineering Total 272,586 263,101 9,485 273,666 256,267 17,399 270,154 206,000 64,154 270,154 ‐ 270,154 HEA‐ 1/22/20211:51 PM2021-BradleyBudget-Proposed Amend4-Jan2021.xlsxSch BPage 8 of 20 FY18 FY19 FY20 FY18 Amended Budget Actual (Over) Under Budget to date FY19 Amended Budget Actual (Over) Under Budget to date FY20 Actual (Over) Under Budget to date FY21 Amend 3 Budget FY21 Proposed Changes FY21 Amend 4 Budget Increase (Decrease) From PY FERC 542 ‐ Maintenance of StructuresMaintenance of StructuresBradley Lake OperatingLabor & Benefits94,453 70,197 24,256 85,438 67,934 17,504 76,499 62,612 13,887 77,639 - 77,639 1,140 Indirect Costs- - - 37,066 37,809 (743) 97,823 91,244 6,579 105,421 - 105,421 7,599 Contractual10,000 - 10,000 10,000 - 10,000 91,000 3,682 87,318 59,000 - 59,000 (32,000) Supplies & Materials53,713 57,919 (4,206) 53,713 46,903 6,810 88,713 39,489 49,224 100,713 - 100,713 12,000 Equipment, Furniture and Machinery7,000 8,513 (1,513) 7,000 6,879 121 32,000 22,552 9,448 52,000 - 52,000 20,000 Maintenance Projects- 2,581 (2,581) - - - - - - - - - - Bradley Lake Operating Total165,166 139,210 25,956 193,217 159,525 33,692 386,035 219,579 166,456 394,773 - 394,773 8,738 BRADLEY UPGRADE CREWS QUARTERS/RESIDENCE KITCHENContractual- - - 165,000 - - - - - - - - - BRADLEY UPGRADE CREWS QUARTERS/RESIDENCE KITCHEN- - - 165,000 - - - - - - - - - FERC 542 ‐ Maintenance of Structures Total 165,166 139,210 25,956 358,217 159,525 198,692 386,035 219,579 166,456 394,773 ‐ 394,773 HEA8,738 FERC 543 ‐ Maintenance of Reservoirs, Dams & WaterwaysMaint Res, Dams, WWaysBradley Lake OperatingLabor & Benefits50,610 9,314 41,296 45,552 4,723 40,829 45,080 1,335 43,745 40,744 - 40,744 (4,336) Indirect Costs- - - 19,932 87 19,845 56,322 1,693 54,629 56,689 - 56,689 367 Travel5,000 - 5,000 5,000 Contractual6,500 - 6,500 6,500 7,600 (1,100) 6,500 - 6,500 6,500 - 6,500 - Supplies & Materials15,000 - 15,000 15,000 Bradley Lake Operating Total57,110 9,314 47,796 71,984 12,410 59,574 107,902 3,028 104,874 123,933 - 123,933 16,031 BRADLEY NUKA REPAIRContractual15,000 - 15,000 15,000 - 15,000 - - - - - - - Supplies & Materials- - - - - - - - - - - - - Equipment, Furniture and Machinery- - - - - - - - - - - - - BRADLEY NUKA REPAIR Total15,000 - 15,000 15,000 - 15,000 - - - - - - - BRADLEY POWER TUNNEL MAINT (Dam)Contractual15,000 - 15,000 15,000 - 15,000 15,000 - 15,000 15,000 - 15,000 - BRADLEY POWER TUNNEL MAINT (Dam) Total15,000 - 15,000 15,000 - 15,000 15,000 - 15,000 15,000 - 15,000 - FERC 543 ‐ Maintenance of Reservoirs, Dams & Waterways Total 87,110 9,314 77,796 101,984 12,410 89,574 122,902 3,028 119,874 138,933 ‐ 138,933 HEA16,031 1/22/20211:51 PM2021-BradleyBudget-Proposed Amend4-Jan2021.xlsxSch BPage 9 of 20 FY18 FY19 FY20 FY18 Amended Budget Actual (Over) Under Budget to date FY19 Amended Budget Actual (Over) Under Budget to date FY20 Actual (Over) Under Budget to date FY21 Amend 3 Budget FY21 Proposed Changes FY21 Amend 4 Budget Increase (Decrease) From PY FERC 544 ‐ Maintenance of Electric PlantMaintenance of Elec PlantBradley Lake OperatingLabor & Benefits379,102 291,662 87,440 342,265 285,366 56,899 273,620 249,706 23,914 309,110 - 309,110 35,490 Indirect Costs- - - 148,789 156,963 (8,174) 368,424 362,402 6,022 423,178 - 423,178 54,754 Travel4,500 - 4,500 4,500 216 4,284 4,500 - 4,500 4,500 - 4,500 - Contractual70,000 59,793 10,207 70,000 69,475 525 49,000 19,661 29,339 86,000 - 86,000 37,000 Supplies & Materials20,000 12,743 7,257 20,000 16,571 3,429 70,000 66,370 3,630 38,000 - 38,000 (32,000) Maintenance Projects- - - - 44,926 (44,926) - - - - - - - Bradley Lake Operating Total473,602 364,198 109,404 585,554 573,517 12,037 765,544 698,139 67,405 860,788 - 860,788 95,244 BRADLEY HIGH BAY LIGHTSSupplies & Materials- - - 30,000 - 30,000 - - - - - - - BRADLEY HIGH BAY LIGHTS Total- - - 30,000 - 30,000 - - - - - - - FERC 544 ‐ Maintenance of Electric Plant Total 473,602 364,198 109,404 615,554 573,517 42,037 765,544 698,139 67,405 860,788 ‐ 860,788 HEA95,244 FERC 545 ‐ Maintenance of Misc. Hydraulic PlantMaint of Misc Hydr PlantBradley Lake OperatingLabor & Benefits94,453 86,833 7,620 85,438 70,963 14,475 69,395 62,843 6,552 69,297 - 69,297 (98) Indirect Costs- - - 37,066 39,864 (2,798) 92,318 91,280 1,038 98,957 - 98,957 6,639 Contractual3,900 2,009 1,891 3,900 - 3,900 3,900 6,763 (2,863) 3,900 - 3,900 - Supplies & Materials35,000 49,502 (14,502) 35,000 33,168 1,832 63,000 93,510 (30,510) 58,000 - 58,000 (5,000) Maintenance Projects- 314 (314) - Bradley Lake Operating Total133,353 138,344 (4,991) 161,404 143,995 17,409 228,613 254,710 (26,097) 230,154 - 230,154 1,541 BRADLEY FISH WATER DSGN/MIDDLE FORK SHACK IMPRContractual- - - - - - - - - - - - - Supplies & Materials- 1,345 (1,345) - - - - - - - - - - BRADLEY FISH WATER DSGN/MIDDLE FORK SHACK IMPR Total- 1,345 (1,345) - - - - - - - - - - FERC 545 ‐ Maintenance of Misc. Hydraulic Plant Total 133,353 139,689 (6,336) 161,404 143,995 17,409 228,613 254,710 (26,097) 230,154 ‐ 230,154 HEA1,541 1/22/20211:51 PM2021-BradleyBudget-Proposed Amend4-Jan2021.xlsxSch BPage 10 of 20 FY18 FY19 FY20 FY18 Amended Budget Actual (Over) Under Budget to date FY19 Amended Budget Actual (Over) Under Budget to date FY20 Actual (Over) Under Budget to date FY21 Amend 3 Budget FY21 Proposed Changes FY21 Amend 4 Budget Increase (Decrease) From PY FERC 556 ‐ System Control & Load DispatchingSystem Cntl & Load DispBradley Lake OperatingLabor & Benefits20,618 34,363 (13,745) 21,506 20,920 586 21,140 37,092 (15,952) 21,140 - 21,140 - Contractual53,000 35,618 17,382 53,000 44,800 8,200 53,000 57,365 (4,365) 53,000 - 53,000 - Supplies & Materials6,000 642 5,358 6,000 613 5,387 6,000 3,204 2,796 6,000 - 6,000 - Equipment, Furniture and Machinery- 16,254 (16,254) - - - - - - - - - - Bradley Lake Operating Total79,618 86,877 (7,259) 80,506 66,333 14,173 80,140 97,661 (17,521) 80,140 - 80,140 HEA- BRADLEY EMERSON ANTIVIRUS UPGRADEContractual- - - 40,000 41,740 (1,740) - - - - - - - BRADLEY EMERSON ANTIVIRUS UPGRADE Total- - - 40,000 41,740 (1,740) - - - - - - HEA- Snow MeasurementBradley Lake OperatingContractual10,000 10,000 - 12,000 10,000 2,000 10,000 10,000 - 10,000 - 10,000 AEA- Bradley Lake Operating Total10,000 10,000 - 12,000 10,000 2,000 10,000 10,000 - 10,000 - 10,000 - Seismic ServiceBradley Lake OperatingContractual62,000 61,285 715 62,000 61,569 431 62,000 56,310 5,690 62,000 - 62,000 AEA- Bradley Lake Operating Total62,000 61,285 715 62,000 61,569 431 62,000 56,310 5,690 62,000 - 62,000 - Streamguaging ServBradley Lake OperatingContractual213,137 213,137 - 206,291 186,291 20,000 209,917 189,917 20,000 183,615 - 183,615 AEA(26,302) Bradley Lake Operating Total213,137 213,137 - 206,291 186,291 20,000 209,917 189,917 20,000 183,615 - 183,615 (26,302) PermitsBradley Lake OperatingOther Costs350 250 100 350 250 100 350 758 (408) 350 - 350 AEA- Bradley Lake Operating Total350 250 100 350 250 100 350 758 (408) 350 - 350 - FERC 556 ‐ System Control & Load Dispatching Total 365,105 371,549 (6,444) 401,147 366,183 34,964 362,407 354,646 7,761 336,105 ‐ 336,105 (26,302) 1/22/20211:51 PM2021-BradleyBudget-Proposed Amend4-Jan2021.xlsxSch BPage 11 of 20 FY18 FY19 FY20 FY18 Amended Budget Actual (Over) Under Budget to date FY19 Amended Budget Actual (Over) Under Budget to date FY20 Actual (Over) Under Budget to date FY21 Amend 3 Budget FY21 Proposed Changes FY21 Amend 4 Budget Increase (Decrease) From PY FERC 562 ‐ Station ExpensesStation ExpensesSVC/Substation Maintenance ContractLabor & Benefits123,726 111,165 12,561 94,718 83,226 11,492 59,774 72,086 (12,312) 55,712 - 55,712 CEA(4,062) Travel6,000 1,701 4,299 2,000 1,632 368 4,000 2,596 1,404 4,500 - 4,500 CEA500 Contractual4,000 - 4,000 32,000 35,207 (3,207) 2,000 51,167 (49,167) 1,800 - 1,800 CEA(200) Supplies & Materials16,000 2,678 13,322 21,000 17,692 3,308 12,000 613 11,387 10,000 - 10,000 CEA(2,000) Other Costs4,000 8,618 (4,618) 4,000 1,112 2,888 2,000 - 2,000 - - - CEA(2,000) Equipment, Furniture and Machinery- 795 (795) - - - - - - - - - CEA- Maintenance Projects- 800 (800) - - - - - - - - - CEA- - - Labor & Benefits1,573 (1,573) - - - 27,298 - 27,298 27,298 - 27,298 HEA- Contractual- 7,440 (7,440) - - - - - - - - - HEA- Supplies & Materials- - - - - - 10,000 - 10,000 34,000 - 34,000 HEA24,000 Equipment, Furniture and Machinery- - - - - - - - - 13,000 - 13,000 HEA13,000 SVC/Substation Maintenance Contract Total153,726 134,770 18,956 153,718 138,869 14,849 117,072 126,462 (9,390) 146,309 - 146,309 29,238 FERC 562 ‐ Station Expenses Total 153,726 134,770 18,956 153,718 138,869 14,849 117,072 126,462 (9,390) 146,309 ‐ 146,309 29,238 FERC 563 ‐ Weather Monitoring Power SupBradley Lake OperatingContractual‐ ‐ - ‐ ‐ - ‐ 5,244 (5,244) ‐ ‐ - - - Bradley Lake Operating Total ‐ ‐ ‐ ‐ ‐ ‐ ‐ 5,244 (5,244) ‐ ‐ ‐ ‐ ‐ 1/22/20211:51 PM2021-BradleyBudget-Proposed Amend4-Jan2021.xlsxSch BPage 12 of 20 FY18 FY19 FY20 FY18 Amended Budget Actual (Over) Under Budget to date FY19 Amended Budget Actual (Over) Under Budget to date FY20 Actual (Over) Under Budget to date FY21 Amend 3 Budget FY21 Proposed Changes FY21 Amend 4 Budget Increase (Decrease) From PY FERC 571 ‐ Maintenance of Overhead LinesMaint of OH LinesBradley Lake OperatingLabor & Benefits82,402 2,907 79,495 31,120 12,110 19,010 27,459 2,507 24,952 27,459 - 27,459 HEA- Travel49,000 5,265 43,735 10,000 8,180 1,820 10,000 4,530 5,470 - - - (10,000) Contractual86,000 56,046 29,954 50,000 17,875 32,125 50,000 66,884 (16,884) 100,000 - 100,000 HEA50,000 Supplies & Materials19,000 - 19,000 5,000 - 5,000 5,000 - 5,000 5,000 - 5,000 HEA- Equipment, Furniture and Machinery- - - - - - - 103 (103) - - - - Bradley Lake Operating Total236,402 64,218 172,184 96,120 38,165 57,955 92,459 74,024 18,435 132,459 - 132,459 40,000 BRADLEY JUNCTION SWITCH REMOVALTravel- - - - - - - - - - - - - Contractual- - - - - - - - - - - - - Other Costs- - - - - - - - - - - - - BRADLEY JUNCTION SWITCH REMOVAL Total- - - - - - - - - - - - - MARKER BALL REPLACEMENTLabor & Benefits- - - - - - - - - - - - - Travel- - - - - - - - - - - - - Contractual- 83 (83) - - - - - - - - - - Equipment, Furniture and Machinery- - - - - - - - - - - - - MARKER BALL REPLACEMENT Total- 83 (83) - - - - - - - - - - SQ LineLabor & Benefits- - - - - - - - - - 32,500 32,500 32,500 Travel- - - - - - - - - - - - - Contractual- - - - - - - - - - 110,000 110,000 110,000 Supplies & Materials- - - - - - - - - - 7,500 7,500 7,500 SQ Line Total- - - - - - - - - - 150,000 150,000 150,000 FERC 571 ‐ Maintenance of Overhead Lines Total 236,402 64,301 172,101 96,120 38,165 57,955 92,459 74,024 18,435 132,459 150,000 282,459 HEA190,000 FERC 920 & 930 ‐ Administrative ExpenseAEA Bradley Admin FeesBradley Lake OperatingAdministrative Costs200,000 200,000 - 200,000 200,000 - 200,000 200,000 - 241,000 (40,000) 201,000 1,000 Administrative Costs2,500 - 2,500 2,500 Administrative Costs- 20,000 20,000 Travel3,500 - 3,500 3,500 Bradley Lake Operating Total200,000 200,000 - 200,000 200,000 - 200,000 200,000 - 247,000 (20,000) 227,000 AEA7,000 Operating Committee Exp‐AuditBradley Lake OperatingAdministrative Costs16,800 16,800 - 16,500 19,900 (3,400) 19,900 20,298 (398) 19,900 ‐ 19,900 AEA- Bradley Lake Operating Total16,800 16,800 - 16,500 19,900 (3,400) 19,900 20,298 (398) 19,900 - 19,900 - Operating Committee Exp‐LegalBradley Lake OperatingAdministrative Costs25,000 115,610 (90,610) 25,000 140,453 (115,453) 30,000 215,162 (185,162) 70,000 ‐ 70,000 AEA40,000 Bradley Lake Operating Total25,000 115,610 (90,610) 25,000 140,453 (115,453) 30,000 215,162 (185,162) 70,000 - 70,000 40,000 1/22/20211:51 PM2021-BradleyBudget-Proposed Amend4-Jan2021.xlsxSch BPage 13 of 20 FY18 FY19 FY20 FY18 Amended Budget Actual (Over) Under Budget to date FY19 Amended Budget Actual (Over) Under Budget to date FY20 Actual (Over) Under Budget to date FY21 Amend 3 Budget FY21 Proposed Changes FY21 Amend 4 Budget Increase (Decrease) From PY Operat Committee Exp‐ArbitrageBradley Lake OperatingAdministrative Costs3,380 2,535 845 2,935 2,785 150 3,000 2,685 315 5,000 ‐ 5,000 AEA2,000 Bradley Lake Operating Total3,380 2,535 845 2,935 2,785 150 3,000 2,685 315 5,000 - 5,000 2,000 Trust & Account FeesBradley Lake OperatingAdministrative Costs11,918 11,918 - 11,918 11,918 - 11,918 12,118 (200) 13,000 - 13,000 AEA1,082 Bradley Lake Operating Total11,918 11,918 - 11,918 11,918 - 11,918 12,118 (200) 13,000 - 13,000 1,082 Misc AdminBradley Lake OperatingAdministrative Costs10,000 10,350 (350) 10,350 11,646 (1,296) 11,646 12,000 (354) 18,900 - 18,900 AEA7,254 Bradley Lake Operating Total10,000 10,350 (350) 10,350 11,646 (1,296) 11,646 12,000 (354) 18,900 - 18,900 7,254 FERC 920 & 930 ‐ Administrative Expense Total 267,098 357,213 (90,115) 266,703 386,702 (119,999) 276,464 462,263 (185,799) 373,800 (20,000) 353,800 57,336 FERC 924 & 925 ‐ Insurance PremiumsInsurance PremiumsBradley Lake OperatingAdministrative Costs525,000 580,915 (55,915) 600,834 599,218 1,616 575,000 613,782 (38,782) 692,019 - 692,019 AEA25,000 Administrative Costs56,000 43,790 12,210 56,000 18,422 37,578 56,000 39,347 16,653 56,000 - 56,000 HEA- Bradley Lake Operating Total581,000 624,705 (43,705) 656,834 617,640 39,194 631,000 653,129 (22,129) 748,019 - 748,019 748,019 FERC 924 & 925 ‐ Insurance Premiums Total 581,000 624,705 (43,705) 656,834 617,640 39,194 631,000 653,129 (22,129) 748,019 ‐ 748,019 25,000 FERC 928 ‐ Regulatory Commission ExpensesFERC Admin FeesAdministrative Costs185,000 176,523 8,477 185,000 101,775 83,225 185,000 169,976 15,024 175,000 - 175,000 AEA (10,000) Bradley Lake Operating Total185,000 176,523 8,477 185,000 101,775 83,225 185,000 169,976 15,024 175,000 - 175,000 (10,000) FERC Related Prof ServicesFERC Part 12 InspectionAdministrative Costs- - - - - - - - - 75,000 - 75,000 AEA 75,000 Contractual Engineer‐FERC license issues- Administrative Costs125,000 100,999 24,001 125,000 104,560 20,440 100,000 88,256 11,744 110,000 - 110,000 AEA 10,000 Bradley Lake Operating Total125,000 100,999 24,001 125,000 - 125,000 100,000 - 100,000 185,000 - 185,000 85,000 FERC 928 ‐ Regulatory Commission Expenses Total 310,000 277,522 32,478 310,000 206,335 103,665 285,000 258,232 26,768 360,000 ‐ 360,000 75,000 Total Bradley Lake Budget 4,593,387 3,985,722 607,665 4,787,467 4,019,975 767,492 5,351,042 4,778,370 572,671 5,668,702 130,000 5,798,702 335,641 1/22/20211:51 PM2021-BradleyBudget-Proposed Amend4-Jan2021.xlsxSch BPage 14 of 20 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTMonthly Utility ContributionsSchedule CFY2017 FY2018 FY2019 FY2020 FY2021 FY2021 FY2021 FY2020 toPercent Amended Amended Amended Amended Amend 3 Proposed Amend 4 FY2021Power PurchaserShareBudgetBudgetBudgetBudgetBudgetChangeBudgetChangeChugach Electric 30.4%5,941,176 6,025,086 5,778,204 5,953,680 4,815,770 110,070 4,925,841 (1,027,839) Municipality of Anchorage 25.9%5,061,732 5,133,216 4,922,868 5,072,376 4,102,908 93,778 4,196,687 (875,689) Chugach Electric Total8,918,678 203,848 9,122,528 Homer Electric 12.0%2,345,208 2,378,322 2,280,864 2,350,140 1,900,960 43,449 1,944,410 (405,730) Matanuska Electric 13.8%2,696,988 2,735,076 2,622,996 2,702,664 2,186,107 49,966 2,236,074 (466,590) Golden Valley Electric 16.9%3,302,832 3,349,470 3,212,220 3,309,780 2,677,187 61,191 2,738,379 (571,401) City of Seward 1.0%195,432 198,192 190,068 195,840 158,413 3,621 162,035 (33,805) Rounding3 (1) 5 - 100.0%19,543,371 19,819,362 19,007,219 19,584,485 15,841,345 362,075 16,203,426 (3,381,054) FY2018Percent FY2017 MonthlyFY2019 FY2020 FY2021 FY2021 FY2021Power PurchaserShareMonthlyAcceleratedMonthlyMonthlyAmend 3 MonthlyMonthly ChangesAmend 4 MonthlyChugach Electric 30.4%495,098 1,004,181 481,517 496,140 401,314 22,014 425,655 (94,826) Municipality of Anchorage 25.9%421,811 855,536 410,239 422,698 341,909 18,755 362,647 (80,789) Chugach Electric Total743,223 40,770 788,302 Homer Electric 12.0%195,434 396,387 190,072 195,845 158,413 8,690 168,021 (37,432) Matanuska Electric 13.8%224,749 455,846 218,583 225,222 182,176 9,993 193,226 (43,046) Golden Valley Electric 16.9%275,236 558,245 267,685 275,815 223,099 12,238 236,631 (52,716) City of Seward 1.0%16,286 33,032 15,839 16,320 13,201 724 14,002 (3,119) 100.0%1,628,614 3,303,227 1,583,935 1,632,040 1,320,112 72,415 1,400,181 (311,928) 1/22/20211:51 PM2021-BradleyBudget-Proposed Amend4-Jan2021.xlsxSch CPage 15 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT R&C Fund Disbursements and Repayments Schedule D Actual ACTUAL Actual ACTUAL Actual ACTUAL PROJECTED PROJECTED TO REPAY TO REPAY TO REPAY TO REPAY Description Disburse at 06/30/18 Disburse at 06/30/19 Disburse at 06/30/20 Disburse at 06/30/21 R&C FUND PROJECTS Governor 0.00 4,052,070.14 0.00 4,052,070.14 0.00 4,052,070.14 0.00 4,052,070.14 Replace RFLS 0.00 251,092.69 0.00 251,092.69 0.00 251,092.69 0.00 251,092.69 Replace Runners 0.00 1,946,732.79 0.00 1,946,732.79 0.00 1,946,732.79 0.00 1,946,732.79 Replace cable from dam to power house 0.00 2,321,922.94 0.00 2,321,922.94 0.00 2,321,922.94 0.00 2,321,922.94 Replace power system stabilizer 0.00 619,205.10 0.00 619,205.10 0.00 619,205.10 0.00 619,205.10 Replace two RTUs 0.00 86,905.27 0.00 86,905.27 0.00 86,905.27 0.00 86,905.27 Culvert Repairs 0.00 675,966.79 0.00 675,966.79 0.00 675,966.79 0.00 675,966.79 Trans Towers Frost Jacking Repairs 0.00 887,596.62 0.00 887,596.62 0.00 887,596.62 0.00 887,596.62 Replace Plant and SCADA Controls 0.00 1,344,683.05 0.00 1,344,683.05 0.00 1,344,683.05 0.00 1,344,683.05 Vibration Monitoring System 0.00 490.00 0.00 490.00 0.00 490.00 0.00 490.00 Battle Creek Feasibility 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Fire Alarm System Replacement 0.00 0.00 0.00 0.00 41,179.09 41,179.09 150,000.00 191,179.09 Battle Creek Diversion 0.00 1,170,000.00 0.00 1,170,000.00 0.00 1,170,000.00 0.00 1,170,000.00 Replace Electro-Mechanical Relays 0.00 1,277,197.06 0.00 1,277,197.06 0.00 1,277,197.06 0.00 1,277,197.06 Fishwater Screen Debris Removal 0.00 312,236.43 0.00 312,236.43 0.00 312,236.43 0.00 312,236.43 Turbine Nozzle Repair 0.00 1,428,861.07 0.00 1,428,861.07 0.00 1,428,861.07 0.00 1,428,861.07 Spillway Raise 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SVC replacement Daves Creek | Soldotna 1,341,405.96 8,517,991.11 0.00 8,517,991.11 0.00 8,517,991.11 0.00 8,517,991.11 Equipment Storage Shed 0.00 0.00 510,550.13 510,550.13 0.00 510,550.13 0.00 510,550.13 Emerson Operating System Upgrade 0.00 0.00 622,665.00 622,665.00 0.00 622,665.00 0.00 622,665.00 Generator #2 Relacement 0.00 0.00 582,341.67 582,341.67 370,871.04 953,212.71 0.00 953,212.71 Road Grader 0.00 0.00 0.00 0.00 0.00 0.00 370,000.00 370,000.00 Battle Creek Construction 0.00 3,666,000.00 3,666,000.00 Battle Creek Cash Call 0.00 750,000.00 750,000.00 Repayment through Cash Call 0.00 (750,000.00) (750,000.00) Needle Rapairs 0.00 700,000.00 700,000.00 1,341,405.96 24,892,951.06 1,715,556.80 26,608,507.86 412,050.13 27,020,557.99 4,886,000.00 31,906,557.99 Current Year R&C Repayment (2,793,306.00) (2,746,068.00) (2,121,396.10) (2,088,753.22) Adjust bal to $5 mill (won't be corrected until year end) 0.00 0.00 0.00 0.00 Less Interest in Fund Applied to Repayment (226,781.00) (117,149.21) (175,199.84) (269,486.35) Net Transfer from Revenue Fund (3,020,087.00) (2,863,217.21) (2,296,595.94) (2,358,239.57) Cumulative Prior Years R&C Repayments (17,886,155.09) (20,465,255.55) (23,240,089.01) (25,518,390.50) Due back to Utilities 440,986.54 88,383.75 18,294.45 0.00 R&C Cumulative Interest (Retained) Applied As Part of Repayment 0.00 0.00 0.00 0.00 Net R&C Repayments (17,445,168.55) (20,376,871.80) (23,221,794.56)(25,518,390.50) NET DUE TO R&C FUND 4,427,695.51 3,368,418.85 1,502,167.49 4,029,927.92 R&C FUND CASH FLOW PROJECTION Beginning Investment Balance 3,219,624.39 1,013,291.03 2,435,913.25 3,922,231.19 Disbursements-current year (1,341,405.96) (999,608.45) (412,050.13) (4,886,000.00) Disbursements-prior year accrued (2,737,351.03) 0.00 (309,844.12) (406,104.23) R&C Repayment to utilities (1,147,663.37) (440,986.54) (88,383.75)(18,294.45) Net other cash inflow(outflow) 0.00 0.00 0.00 0.00 Current year interest earnings 226,781.00 117,149.21 175,199.84 269,486.35 Current year Participants Contributions to R&C 2,793,306.00 2,746,068.00 2,121,396.10 2,088,753.22 Ending Investment Balance 1,013,291.03 2,435,913.25 3,922,231.19 970,072.08 Accrued R&C Payable at year end-Due to Utilities (440,986.54) (88,383.75) (18,294.45) 0.00 Accrued R&C vendor Payable at year end 0.00 (715,948.35) (406,104.23) 0.00 PROJECTED NET DUE + ENDING INVESTMENT BALANCE 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 REPAYMENT AMOUNT $3,330,802.80 X 25% yr 1 | 32% yr 2 |25% yr 3 | 13rd yr 832,700.70 4th yr 599,544.50 $5,644,193.08 x 25% all 4 years 2nd yr 1,411,048.27 3rd yr 1,411,048.27 4th yr 1,411,048.27 $1,341,405.96 x 25% all 4 years 1st yr 335,351.49 2nd yr 335,351.49 3rd yr 335,351.49 4th yr 335,351.49 $1,715,556.80 x 25% all 4 years 1st yr 428,889.20 2nd yr 428,889.20 3rd yr 428,889.20 $150,000 x 25% all 4 years 1st yr 103,012.53 2nd yr 103,012.53 $520,000 x 25% all 4 years 1st yr 1,221,500.00 2,579,100.46 2,774,833.46 2,278,301.49 2,088,753.22 1/22/20211:51 PM2021-BradleyBudget-Proposed Amend4-Jan2021.xlsx Sch D Page 16 of 20 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTBattle Creek Capital Construction PurchasesSchedule EFY18 FY19 FY20 FY20 FY21 FY21 FY21Approved Amend 3 Proposed Amend 4ActualsActualsActualsBudgetBudgetChangesBudgetCommentsBattle Creek Diversion 333,860 - - - - - Total Construction 333,860 - - - - - Used 2007 Chevrolet Silverado 8,800 - - - - - Used 2006 Chevrolet Silverado 7,700 - - - - - Battle Creek Diversion - 149,941 822,327 425,000 320,000 - 320,000 Claims consultantsTotal capital revenue fund purchases 16,500 149,941 822,327 425,000 320,000 - 320,000 Capital Construction Project Description1/22/20211:51 PM2021-BradleyBudget-Proposed Amend4-Jan2021.xlsxSch EPage 17 of 20 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTBattle Creek Administrative Costs BudgetSchedule F- - HEA262,438 HEA268,524 HEA92,569 CEA- CEA- CEA- CEA- AEA43,000 AEA191,550 AEA126,900 AEA273,900 BL O&M181,245 FY18 FY19 FY18 Amended Budget Actual @ 12/31/18 (Over) Under Budget FY19 Amended Budget Actual (Over) Under Budget FY20 Approved Budget Actual (Over) Under Budget FY21 Amend 3 Budget FY21 Proposed Changes FY21 Amend 4 Budget Increase (Decrease) from PY Summary by cost type- - - Administrative Costs43,000 137,435 (94,435) 453,988 527,724 (73,736) 395,424 580,606 (185,182) 255,469 255,469 (139,955) Battle Creek O&M ‐ Bradley Allocation- - - - - - - - - 181,245 181,245 181,245 Battle Creek O&M111,000 111,000 111,000 43,000 137,435 (94,435) 453,988 527,724 (73,736) 395,424 580,606 (185,182) 547,714 ‐ 547,714 41,290 Bradley Lake O&M 4% charge to Battle CreekBattle Creek O&M- - - - - - - - - 181,245 - 181,245 181,245 FERC 537 ‐ Hydraulic ExpensesHydraulic ExpensesBattle Creek OperatingLabor & Benefits- - - - - - - - - - - - - Indirect Costs- - - - - - - - - - - - - Travel- - - - - - - - - - - - - Training- - - - - - - - - - - - - Contractual- - - - - - - - - 66,000 - 66,000 66,000 Bradley Lake Operating Total- - - - - - - - - 66,000 ‐ 66,000 66,000 FERC 537 ‐ Hydraulic Expenses Total- - - - - - - - - 66,000 - 66,000 66,000 FERC 556 ‐ System Control & Load DispatchingStreamguaging ExpensesBattle Creek OperatingLabor & Benefits- - - - - - - - - - - - - Indirect Costs- - - - - - - - - - - - - Travel- - - - - - - - - - - - - Training- - - - - - - - - - - - - Contractual- - - - - - - - - 45,000 - 45,000 45,000 Supplies & Materials- - - - - - - - - - - - - Equipment, Furniture and Machinery- - - - - - - - - - - - - Bradley Lake Operating Total- - - - - - - - - 45,000 - 45,000 45,000 FERC 556 ‐ System Control & Load Dispatching Total- - - - - - - - - 45,000 - 45,000 45,000 FERC 920 & 930 ‐ Administrative ExpenseBattle Creek Admin FeesAdministrative Costs- 3,525 (3,525) 8,193 7,421 772 12,274 12,274 0 11,419 - 11,419 (855) Administrative Costs22,000 22,000 - 168,000 168,000 - 105,000 105,051 (51) 122,000 - 122,000 17,000 Battle Creek Admin Fees Total22,000 25,525 (3,525) 176,193 175,421 772 117,274 117,325 (51) 133,419 - 133,419 16,145 Operating Committee Exp‐Owners RepresentativeAdministrative Costs- 89,196 (89,196) 254,245 311,652 (57,407) 256,250 320,601 (64,351) 81,150 ‐ 81,150 (175,100) Operating Committee Exp‐Owners Representative Total- 89,196 (89,196) 254,245 311,652 (57,407) 256,250 320,601 (64,351) 81,150 - 81,150 (175,100) Operating Committee Exp‐LegalAdministrative Costs15,000 17,082 (2,082) 15,000 34,795 (19,795) 15,000 135,880 (120,880) 30,000 ‐ 30,000 15,000 Operating Committee Exp‐Legal Total15,000 17,082 (2,082) 15,000 34,795 (19,795) 15,000 135,880 (120,880) 30,000 - 30,000 15,000 FY20 1/22/20211:51 PM2021-BradleyBudget-Proposed Amend4-Jan2021.xlsxSch FPage 18 of 20 FY18 FY19 FY18 Amended Budget Actual @ 12/31/18 (Over) Under Budget FY19 Amended Budget Actual (Over) Under Budget FY20 Approved Budget Actual (Over) Under Budget FY21 Amend 3 Budget FY21 Proposed Changes FY21 Amend 4 Budget Increase (Decrease) from PY FY20 Operat Committee Exp‐ArbitrageAdministrative Costs2,000 2,180 (180) 2,000 1,690 310 2,000 1,690 310 2,000 ‐ 2,000 - Operat Committee Exp‐Arbitrage Total2,000 2,180 (180) 2,000 1,690 310 2,000 1,690 310 2,000 - 2,000 - Trust & Account FeesAdministrative Costs3,500 1,197 2,303 6,550 4,083 2,467 4,800 5,000 (200) 8,800 - 8,800 4,000 Trust & Account Fees Total3,500 1,197 2,303 6,550 4,083 2,467 4,800 5,000 (200) 8,800 - 8,800 4,000 Operating Committee Exp‐Other Administrative Costs500 2,255 (1,755) - 83 (83) 100 110 (10) 100 ‐ 100 - Operating Committee Exp‐Other Total500 2,255 (1,755) - 83 (83) 100 110 (10) 100 - 100 - FERC 920 & 930 ‐ Administrative Expense Total 43,000 137,435 (94,435) 453,988 527,724 (73,736) 395,424 580,606 (185,182) 255,469 ‐ 255,469 (139,955) Total Bradley Lake Budget 43,000 137,435 (94,435) 453,988 527,724 (73,736) 395,424 580,606 (185,182) 547,714 ‐ 547,714 374,290 1/22/20211:51 PM2021-BradleyBudget-Proposed Amend4-Jan2021.xlsxSch FPage 19 of 20 ALASKA ENERGY AUTHORITYBRADLEY LAKE HYDROELECTRIC PROJECTBattle Creek Monthly Participating Purchaser ContributionsSchedule GFY2018 FY2018 FY2018FY2017 7/28/2017 2/2/2018 3/5/2018 FY2019 FY2020 FY2021 FY2021 FY2021 FY2020 toPercent Amended Amended Amended Amend 3 Amended Amended Amend 3 Proposed Amend 4 FY2021POWER PURCHASERShareBudgetBudgetBudget *(1)BudgetBudgetBudgetBudgetChangesBudgetChangeChugach Electric Association 39.38%315,040 157,520 236,521 249,416 519,711 1,008,930 2,258,068 109,870 2,367,938 1,359,008 Municipal Light & Power 0.00%- - - - - - - - - - Homer Electric Association 41.44%331,520 165,760 116,938 262,463 546,898 1,061,708 2,376,190 115,617 2,491,807 1,430,099 Matanuska Electric Association 17.88%143,040 71,520 107,389 113,244 235,968 458,092 1,025,248 49,885 1,075,133 617,041 Golden Valley Electric Association 0.00%- - - - - - - - - - City of Seward 1.30%10,400 5,200 7,808 8,234 17,157 33,306 74,542 3,627 78,169 44,863 Rounding1 - - - - 100.00%800,000 400,000 468,657 633,357 1,319,734 2,562,036 5,734,048 278,999 6,013,047 3,451,011 FY2018 FY2018 FY2021 FY2021 FY2021Percent March April-June FY2019 FY2020October 2020 - June 2021 ProposedFebruaru 2021 -June 2021POWER PURCHASERShareContibutionMonthlyMonthlyMonthlyBudgetChangesBudgetChugach Electric Association 39.38%- - 59,130 80,749 43,309 86,867 198,411 21,974 220,385 Municipal Light & Power 0.00%- - - - - - - - - Homer Electric Association 41.44%- - 29,235 51,985 45,575 91,411 208,789 23,123 231,913 Matanuska Electric Association 17.88%- - 26,847 36,663 19,664 39,441 90,086 9,977 100,063 Golden Valley Electric Association 0.00%- - - - - - - - - City of Seward 1.30%- - 1,952 2,666 1,430 2,868 6,550 725 7,275 - - - 100.0%- - 117,164 172,064 109,978 220,587 503,836 55,800 559,636 * (1) The calculation the FY2018 2/2/2018 Amended Budget is shown below.Original Corrected Contributions FY2018Capital Capital Other Prior to 2/2/2018Reserve Reserve Available Other AmendedContributionsContributionsFundsAvailable FundsBudget1,246,143 1,101,213 144,930 381,451 236,521 - - - - - 1,443,286 1,158,819 284,467 401,405 116,938 565,796 499,992 65,804 173,193 107,389 - - - - - 41,137 36,353 4,784 12,592 7,808 (1) 1 3,296,363 2,796,378 499,985 968,640 468,657 1/22/20211:51 PM2021-BradleyBudget-Proposed Amend4-Jan2021.xlsxSch GPage 20 of 20 Bradley Lake Operator Report Page 1 Bradley Lake Operator Report BPMC January 29, 2021 Unit Statistics: *as of January 21, 2021 For December: For January: Lake Level – 1146.5’ as of January 21, 2021 This is about 3’ above the average for this time of year. Capital Projects: 1) Unit 1 Needle Repair – This has been a long and difficult repair with much more damage than was first expected. As I write this the Unit is being prepared to return to service. Hopefully by the time the BPMC meets on the 29th the Unit will be back in service. Bradley Lake Operator Report Page 2 2) Mechanical Divider issue – Unit 1 dividers were replaced as a part of the Unit 1 needle job. 3) Unit 1 pole connections– We plan to Unit 1 pole connection prior to returning Unit 1 to service. 4) Unit 2 – We are going to do the needle repair on Unit 2 starting February 1, 2021. We hope this will be an easier repair. The goal is to be finished by March 1st. 5) Emerson Ovation cybersecurity – We are planning on doing the cybersecurity upgrade during the first week of February, concurrent with the Unit 2 repair. Operations, Maintenance, and Inspections: 1) Operations- Unit 2 was operational during the outage on Unit 1 and has carried the water (pun intended). 2) Safety meeting – Meeting was held on January 11, 2021. 3) Weather has been bad – rain on ice with freezing at night, nearly impossible to move around the site from late December to latte January. The final Divider arm being lowed to the runner pit