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HomeMy WebLinkAbout2022-01-28 BPMC Agenda and docs BRADLEY LAKE PROJECT MANAGEMENT COMMITTEE REGULAR MEETING AGENDA Friday, January 28, 2022 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 MEETING MINUTES – December 10, 2021 7. EXECUTIVE SESSION – Strategic Planning Discussion (per Bylaws Section 5.11.4 (1)) 8. NEW BUSINESS A. FY2022 Budget Amendment 9. OLD BUSINESS A. Required Project Work 10. OPERATORS REPORT HEA 11. O&D REPORT CEA 12. COMMITTEE REPORTS A. Budget to Actual Budget Subcommittee B. Special Committee on Required Project Work Brad Janorschke 13. COMMITTEE ASSIGNMENTS 14. MEMBERS COMMENTS 15. NEXT MEETING DATE – March 25, 2022 16. ADJOURNMENT ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT FY2022 PROPOSED BUDGET - AMEND 4 DATE: JANUARY 28, 2022 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT 2022 Budget Contents Schedule Description Page # Summary FY22 Proposed Budget Summary 3 Schedule A Bradley Lake Capital Purchases (not funded by R&C) 4 Schedule B Bradley Lake Operations & Maintenance Budget 5 - 11 Schedule C Bradley Lake Monthly Utility Contributions 12 Schedule D R&C Fund Disbursements and Repayments 13 Schedule E Battle Creek Capital Purchases (not funded by R&C) 14 Schedule F Battle Creek Operations & Maintenance Budget 15 - 16 Schedule G Battle Creek Monthly Utility Contributions 17 Schedule H SSQ Line Capital Purchases (not funded by R&C) 18 Schedule I SSQ Line Operations & Maintenance Budget 19 Schedule J SSQ Line Monthly Utility Contributions 20 ` 1/26/20227:42 AMH:\Accounting\AEA FY22 FS Shared Files\Bradley Lake\Budget\Budget Amend 4\2022-BradleyBudget-Proposed Budget Amend 4-Final.xlsx 2 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Budget Summary FY2021 FY2022 FY2022 FY2022 FY2022 FY2022 Inc(Dec) From FY2019 FY2020 Amended Amend 1 Amend 2 Amend 3 Proposed Amend 4 FY21 Amended Bradley Lake (excluding Battle Creek & SSQ Line shown below)Actuals Actuals Budget Budget Budget Budget Changes Budget Budget Revenues, Expenses & Changes in surplus Revenues Utility Contributions (sch C) 18,132,905 18,507,495 16,403,421 10,553,726 11,173,459 11,173,459 (3,202,575) 7,970,884 (5,229,962) Other Miscellaneous-R&C Fund Cash Call 2,501 - 1,799,000 - - - - - (1,799,000) Interest Income 1,946,023 1,887,786 750,000 500 500 500 903,000 903,500 (749,500) Other Available Funds - - 1,325,513 9,893,771 9,893,771 9,893,771 (9,893,771) 0 8,568,259 20,081,429 20,395,281 20,277,934 20,447,997 21,067,730 21,067,730 (12,193,346) 8,874,384 789,796 Expenses Operations & Maintenance (sch B) 4,019,975 4,773,126 5,798,702 5,947,908 6,464,352 6,464,352 30,000 6,494,352 665,650 Renewals/Replacements (R&C Fund Repayments) (sch D) 2,774,832 2,278,302 1,184,753 1,256,902 1,256,902 1,256,902 75,000 1,331,902 72,149 Renewals/Replacements (R&C Fund Cash Call) (sch D) - - 750,000 - - - - - (750,000) Non R&C Capital Purchases (sch A-1) 37,738 283,425 652,000 759,000 759,000 759,000 150,000 909,000 107,000 Transfer To(From) Operating Reserve 38,816 112,715 84,752 29,841 133,130 133,130 6,000 139,130 48,378 Debt Service 12,778,588 12,778,775 11,453,263 - - - - - (11,453,263) Arbitrage Transfer 431,480 168,938 354,464 0 - - - - (354,464) Excess Payment Agreement - - - 12,454,346 12,454,346 12,454,346 (12,454,346) 0 12,454,346 20,081,429 20,395,281 20,277,934 20,447,997 21,067,730 21,067,730 (12,193,346) 8,874,384 789,796 Surplus (Deficit) 0 0 0 0 0 0 0 0 Other Project Costs - Battle Creek Revenues, Expenses & Changes in surplus Revenues - Battle Creek Utility Contributions (sch G) 1,319,734 1,967,642 6,013,048 3,564,453 3,564,453 3,564,453 - 3,564,453 (2,448,595) Other Miscellaneous-R&C Fund Cash Call - - - - - - - - 0 Interest Income 67,492 47,620 - - - - - - 0 Capital Reserve Contributions - - - - - - - - 0 Other Available Funds - - - - - - - - 0 1,387,226 2,015,262 6,013,048 3,564,453 3,564,453 3,564,453 - 3,564,453 (2,448,595) Expenses - Battle Creek Battle Creek Operations & Maintenance (sch F) 527,723 580,606 547,714 399,610 399,610 399,610 - 399,610 (148,104) Renewals/Replacements (R&C Fund Repayments) (sch D) - - 1,104,000 1,104,000 1,104,000 1,104,000 - 1,104,000 0 Renewals/Replacements (R&C Fund Cash Call) (sch D) - - - - - - - - 0 Capital Purchases (sch E) - - - - - - - - 0 Capital Purchases - Revenue Fund (sch E) 149,941 822,327 320,000 115,000 115,000 115,000 - 115,000 (205,000) Transfer To(From) Operating Reserve 82,038 (11,713)30,926 (29,621) (29,621) (29,621)- (29,621) (60,547) Debt Service 1,748,534 1,753,324 3,518,317 3,064,883 3,064,883 3,064,883 - 3,064,883 (453,434) IRS Subsidy (1,121,010) (1,129,282)- (1,089,419) (1,089,419) (1,089,419) - (1,089,419) (1,089,419) Cost of Issuance 9th Series - - - - - - - - 0 Capital Reserve Contribution - - 492,091 - - - - - (492,091) 1,387,226 2,015,262 6,013,048 3,564,453 3,564,453 3,564,453 - 3,564,453 (2,448,595) Surplus (Deficit) 0 0 0 0 0 0 0 0 Other Project Costs - SSQ Line Revenues, Expenses & Changes in surplus Revenues - SSQ Line Utility Contributions (sch J) - - 360,000 499,428 499,428 1,249,428 1,001,083 2,250,511 139,428 Other Miscellaneous-R&C Fund Cash Call - - - - - - 9,893,771 9,893,771 0 Capital Reserve Contributions - - - - - - - - 0 Other Available Funds - - - 1,559,492 1,559,492 1,559,492 - 1,559,492 1,559,492 - - 360,000 2,058,920 2,058,920 2,808,920 10,894,854 13,703,774 1,698,920 Expenses - SSQ Line SSQ Line Operations & Maintenance (sch I) - - 170,000 444,523 444,523 444,523 - 444,523 274,523 Renewals/Replacements (R&C Fund Repayments) (sch D) - - - 0 0 0 - - 0 Renewals/Replacements (R&C Fund Cash Call) (sch D) - - - 0 0 0 - - 0 Capital Purchases (sch H) - - 190,000 0 0 750,000 - 750,000 (190,000) Transfer To(From) Operating Reserve - - - 54,905 54,905 54,905 - 54,905 54,905 Debt Service - - - 1,559,492 1,559,492 1,559,492 10,894,854 12,454,346 1,559,492 Capital Reserve Contribution - - - 0 0 0 - - 0 - - 360,000 2,058,920 2,058,920 2,808,920 10,894,854 13,703,774 1,698,920 Surplus (Deficit) 0 0 0 0 0 0 0 0 0 Other Information Operating Reserve * 957,494 1,070,208 1,159,740 1,189,582 1,292,870 1,292,870 6,000 1,298,870 Operating Reserve - Battle Creek* 90,798 79,085 109,543 79,922 79,922 79,922 0 79,922 Operating Reserve - SSQ Line* 34,000 88,905 88,905 88,905 0 88,905 Monthly Contributions 1,511,075 1,632,040 1,366,952 879,477 931,122 931,122 (266,881)664,240 Monthly Contributions Battle Creek 109,978 242,670 501,087 297,038 297,038 297,038 0 297,038 Monthly Contributions SSQ Line 30,000 41,619 41,619 104,119 83,424 187,543 *Required to be 20% of budgeted operating expense 1/26/20227:42 AM2022-BradleyBudget-Proposed Budget Amend 4-Final.xlsxSummary Page 3 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Capital Purchases (not funded by R&C Fund) Schedule A FY19 FY20 FY21 FY22 FY22 FY22 FY22 FY22 Amended Amend 1 Amend 2 Amend 3 Proposed Amend 4 Actuals Actuals Budget Budget Budget Budget Changes Budget Upgrade Crews Quarters\Residence Kitchen - - 139,000 139,000 139,000 - 139,000 Replace dump truck and sander - - 170,000 20,000 20,000 20,000 - 20,000 IRIS Air gap monitoring system (computer) - 41,720 45,000 45,000 45,000 45,000 - 45,000 Heavy Duty trailer for equipment - - 20,000 20,000 20,000 - 20,000 ABB Replace GIS Actuators 240,000 240,000 240,000 - 240,000 Replacement pickup truck 45,000 45,000 45,000 - 45,000 Needle Valve rebuild 150,000 150,000 150,000 - 150,000 Start New Servo Design 100,000 100,000 100,000 - 100,000 Soldotna SVC Battery Replacement - - - 70,000 70,000 Battle Creek Bridge Repair - - - 80,000 80,000 Total Non R&C Capital Purchases 37,738 283,425 462,000 759,000 759,000 759,000 150,000 909,000 Capital Project Description 1/26/20227:42 AM2022-BradleyBudget-Proposed Budget Amend 4-Final.xlsxSch A Page 4 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Bradley Lake Operations and Maintenance Budget Schedule B HEA 3,145,798 2,436,506 709,292 3,822,764 3,020,964 801,799 4,066,378 4,112,706 4,112,706 4,112,706 - 4,112,706 46,328 CEA 183,491 168,393 15,098 109,547 155,656 (46,109) 101,785 134,161 134,161 134,161 - 164,161 32,377 AEA 1,458,178 1,415,076 43,102 1,418,731 1,596,506 (177,775) 1,641,784 1,891,750 2,408,194 2,408,194 - 2,408,194 766,410 BC - - - - - - (181,245) (190,710) (190,710) (190,710) - (190,710) (9,465) 4,787,467 4,019,975 767,492 5,351,042 4,773,126 577,915 5,628,702 5,947,908 6,464,352 6,464,352 - 6,494,352 835,650 - - - - - - - - - FY19 FY20 FY21 FY22 FY22 FY22 FY22 FY22 FY19 Amended Budget Actual (Over) Under Budget to date FY20 Amended Budget Actual (Over) Under Budget to date FY21 Amended Budget FY22 Amend 1 Budget FY22 Amend 2 Budget FY22 Amend 3 Budget FY22 Proposed Changes FY22 Amend 4 Budget Increase (Decrease) From PY Summary by cost type Labor & Benefits 1,572,497 1,307,518 264,979 1,219,935 1,011,432 208,503 1,257,590 1,307,994 1,307,994 1,307,994 30,000 1,307,994 50,405 Indirect Costs 583,803 579,114 4,689 1,383,388 1,251,241 132,147 1,486,285 1,486,285 1,486,285 1,486,285 - 1,486,285 0 Travel 33,950 28,380 5,570 45,950 10,512 35,438 44,950 38,450 38,450 38,450 - 38,450 (6,500) Training 49,300 20,956 28,344 49,300 14,875 34,425 49,300 49,300 49,300 49,300 - 49,300 - Contractual 1,033,216 633,893 399,323 869,842 655,575 214,267 903,340 1,044,525 1,044,525 1,044,525 - 1,044,525 141,185 Supplies & Materials 204,345 156,339 48,006 346,345 262,370 83,975 389,345 429,345 429,345 429,345 - 429,345 40,000 Other Costs 69,818 31,293 38,525 67,818 65,648 2,170 70,818 67,318 67,318 67,318 - 97,318 (3,500) Equipment, Furniture and Machinery 7,000 6,879 121 176,000 127,535 48,465 170,000 73,000 73,000 73,000 - 73,000 (97,000) Maintenance Projects - 44,926 (44,926) - 314 (314) - - - - - - - Administrative Costs 1,233,537 1,210,677 22,860 1,192,464 1,373,624 (181,160) 1,438,319 1,642,400 2,158,844 2,158,844 - 2,158,844 720,525 Battle Creek O&M - - - - - - (181,245) (190,710) (190,710) (190,710) - (190,710) (9,465) 4,787,467 4,019,975 767,492 5,351,042 4,773,126 577,915 5,628,702 5,947,908 6,464,352 6,464,352 30,000 6,494,352 835,650 Bradley Lake O&M 4% charge to Battle Creek Battle Creek O&M - - - - - - (181,245) (190,710) (190,710) (190,710) - (190,710) BC (9,465) Bradley Lake O&M 4% charge to Battle Creek FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Bradley Lake Operating Labor & Benefits 189,074 182,059 7,015 107,453 89,713 17,740 107,453 107,604 107,604 107,604 - 107,604 151 Indirect Costs 77,849 74,535 3,314 155,698 128,545 27,153 155,698 155,698 155,698 155,698 - 155,698 - Travel 10,450 13,462 (3,012) 10,450 246 10,204 10,450 10,450 10,450 10,450 - 10,450 - Training 9,300 4,305 4,995 9,300 991 8,309 9,300 9,300 9,300 9,300 - 9,300 - Contractual 1,000 257 743 1,000 173 827 11,000 11,000 11,000 11,000 - 11,000 - Supplies & Materials 4,000 2,688 1,312 4,000 3,698 302 4,000 4,000 4,000 4,000 - 4,000 - Bradley Lake Operating Total 291,673 277,306 14,367 287,901 223,366 64,536 297,901 298,053 298,053 298,053 - 298,053 151 FERC 535 - Operation Supervision & Engineering Total 291,673 277,306 14,367 287,901 223,366 64,536 297,901 298,053 298,053 298,053 - 298,053 HEA 151 1/26/20227:42 AM2022-BradleyBudget-Proposed Budget Amend 4-Final.xlsxSch B Page 5 of 20 FY19 FY20 FY21 FY22 FY22 FY22 FY22 FY22 FY19 Amended Budget Actual (Over) Under Budget to date FY20 Amended Budget Actual (Over) Under Budget to date FY21 Amended Budget FY22 Amend 1 Budget FY22 Amend 2 Budget FY22 Amend 3 Budget FY22 Proposed Changes FY22 Amend 4 Budget Increase (Decrease) From PY FERC 537 - Hydraulic Expenses Hydraulic Expenses Bradley Lake Operating Labor & Benefits 88,714 71,767 16,947 84,081 67,694 16,387 84,192 84,192 84,192 84,192 - 84,192 - Indirect Costs 41,515 42,543 (1,028) 107,519 98,886 8,633 114,320 114,320 114,320 114,320 - 114,320 - Travel - - - 10,000 - 10,000 10,000 8,000 8,000 8,000 - 8,000 (2,000) Contractual 2,000 11,524 (9,524) 22,000 - 22,000 22,000 73,000 73,000 73,000 - 73,000 51,000 Supplies & Materials 2,000 2,636 (636) 19,000 9,806 9,194 59,000 16,000 16,000 16,000 - 16,000 (43,000) Equipment, Furniture and Machinery - - - 81,000 13,368 67,632 32,000 39,000 39,000 39,000 - 39,000 7,000 Bradley Lake Operating Total 134,230 128,470 5,760 323,600 189,754 133,846 321,512 334,512 334,512 334,512 - 334,512 13,000 FERC 537 - Hydraulic Expenses Total 134,230 128,470 5,760 323,600 189,754 133,846 321,512 334,512 334,512 334,512 - 334,512 HEA 13,000 FERC 538 - Electric Expenses Electric Expenses Bradley Lake Operating Labor & Benefits 224,811 209,646 15,165 208,745 210,745 (2,000) 218,044 218,044 218,044 218,044 - 218,044 0 Indirect Costs 102,222 110,544 (8,322) 242,067 257,551 (15,484) 262,004 262,004 262,004 262,004 - 262,004 (0) Travel 7,000 4,890 2,110 7,000 3,140 3,860 7,000 7,000 7,000 7,000 - 7,000 - Training 25,000 12,406 12,594 25,000 13,884 11,116 25,000 25,000 25,000 25,000 - 25,000 - Contractual 2,000 - 2,000 7,000 2,587 4,413 2,000 5,000 5,000 5,000 - 5,000 3,000 Supplies & Materials 9,732 4,503 5,229 50,732 14,111 36,621 41,732 42,732 42,732 42,732 - 42,732 1,000 Equipment, Furniture and Machinery - - - 63,000 91,512 (28,512) 73,000 11,000 11,000 11,000 - 11,000 (62,000) Other Costs - 5,000 - - - - - (5,000) Bradley Lake Operating Total 370,765 341,989 28,776 603,544 593,530 10,014 633,780 570,780 570,780 570,780 - 570,780 (63,000) FERC 538 - Electric Expenses Total 370,765 341,989 28,776 603,544 593,530 10,014 633,780 570,780 570,780 570,780 - 570,780 HEA (63,000) FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Bradley Lake Operating Labor & Benefits 168,044 116,910 51,134 104,936 70,195 34,741 105,047 104,788 104,788 104,788 - 104,788 (258) Indirect Costs 41,515 42,396 (881) 107,519 98,544 8,975 114,320 114,320 114,320 114,320 - 114,320 0 Training 15,000 4,245 10,755 15,000 - 15,000 15,000 15,000 15,000 15,000 - 15,000 - Contractual 287,525 147,555 139,970 287,525 185,822 101,703 287,525 287,525 287,525 287,525 - 287,525 - Supplies & Materials 17,900 31,565 (13,665) 17,900 31,569 (13,669) 17,900 17,900 17,900 17,900 - 17,900 - Bradley Lake Operating Total 529,984 342,671 187,313 532,879 386,130 146,749 539,791 539,533 539,533 539,533 - 539,533 HEA (258) BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs 35,695 35,696 (1) 35,695 35,696 (1) 35,695 35,695 35,695 35,695 - 35,695 - BRADLEY CIRCUITS/RADIO TO BERNICE LK Total 35,695 35,696 (1) 35,695 35,696 (1) 35,695 35,695 35,695 35,695 - 35,695 HEA - BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs 29,773 29,524 249 29,773 29,194 579 29,773 29,773 29,773 29,773 - 29,773 - BRADLEY CIRCUITS BERNICE LK TO ANCH Total 29,773 29,524 249 29,773 29,194 579 29,773 29,773 29,773 29,773 - 29,773 CEA - FERC 539 - Misc. Hydraulic Power Generation Expenses Total 595,452 407,891 187,561 598,347 451,020 147,327 605,259 605,001 605,001 605,001 - 605,001 (258) 1/26/20227:42 AM2022-BradleyBudget-Proposed Budget Amend 4-Final.xlsxSch B Page 6 of 20 FY19 FY20 FY21 FY22 FY22 FY22 FY22 FY22 FY19 Amended Budget Actual (Over) Under Budget to date FY20 Amended Budget Actual (Over) Under Budget to date FY21 Amended Budget FY22 Amend 1 Budget FY22 Amend 2 Budget FY22 Amend 3 Budget FY22 Proposed Changes FY22 Amend 4 Budget Increase (Decrease) From PY FERC 540 - Rents FERC Land Use Fee Bradley Lake Operating Other Costs - (35,289) 35,289 - - - - - - - - - - Bradley Lake Operating Total - (35,289) 35,289 - - - - - - - - - - FERC 540 - Rents Total - (35,289) 35,289 - - - - - - - - - AEA - FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Bradley Lake Operating Labor & Benefits 195,817 181,894 13,923 114,456 84,904 29,552 114,456 114,758 114,758 114,758 - 114,758 302 Indirect Costs 77,849 74,373 3,476 155,698 121,096 34,602 155,698 155,698 155,698 155,698 - 155,698 - Bradley Lake Operating Total 273,666 256,267 17,399 270,154 206,000 64,154 270,154 270,456 270,456 270,456 - 270,456 302 - FERC 541 - Maintenance Supervision & Engineering Total 273,666 256,267 17,399 270,154 206,000 64,154 270,154 270,456 270,456 270,456 - 270,456 HEA 302 FERC 542 - Maintenance of Structures Maintenance of Structures Bradley Lake Operating Labor & Benefits 85,438 67,934 17,504 76,499 62,612 13,887 77,639 77,639 77,639 77,639 - 77,639 0 Indirect Costs 37,066 37,809 (743) 97,823 91,244 6,579 105,421 105,421 105,421 105,421 - 105,421 (0) Contractual 10,000 - 10,000 91,000 3,682 87,318 59,000 89,000 89,000 89,000 - 89,000 30,000 Supplies & Materials 53,713 46,903 6,810 88,713 39,489 49,224 100,713 243,713 243,713 243,713 - 243,713 143,000 Equipment, Furniture and Machinery 7,000 6,879 121 32,000 22,552 9,448 52,000 23,000 23,000 23,000 - 23,000 (29,000) Maintenance Projects - - - - - - - - - - - - - Bradley Lake Operating Total 193,217 159,525 33,692 386,035 219,579 166,456 394,773 538,773 538,773 538,773 - 538,773 144,000 BRADLEY UPGRADE CREWS QUARTERS/RESIDENCE KITCHEN Contractual 165,000 - - - - - - - - - - - - BRADLEY UPGRADE CREWS QUARTERS/RESIDENCE KITCHEN 165,000 - - - - - - - - - - - - FERC 542 - Maintenance of Structures Total 358,217 159,525 198,692 386,035 219,579 166,456 394,773 538,773 538,773 538,773 - 538,773 HEA 144,000 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Bradley Lake Operating Labor & Benefits 45,552 4,723 40,829 45,080 1,335 43,745 40,744 40,744 40,744 40,744 - 40,744 0 Indirect Costs 19,932 87 19,845 56,322 1,693 54,629 56,689 56,689 56,689 56,689 - 56,689 (0) Travel 5,000 5,000 5,000 5,000 - 5,000 - Contractual 6,500 7,600 (1,100) 6,500 - 6,500 6,500 6,500 6,500 6,500 - 6,500 - Supplies & Materials 15,000 15,000 15,000 15,000 - 15,000 - Bradley Lake Operating Total 71,984 12,410 59,574 107,902 3,028 104,874 123,933 123,933 123,933 123,933 - 123,933 - BRADLEY NUKA REPAIR Contractual 15,000 - 15,000 - - - - - - - - - - Supplies & Materials - - - - - - - - - - - - - Equipment, Furniture and Machinery - - - - - - - - - - - - - BRADLEY NUKA REPAIR Total 15,000 - 15,000 - - - - - - - - - - BRADLEY POWER TUNNEL MAINT (Dam) Contractual 15,000 - 15,000 15,000 - 15,000 15,000 15,000 15,000 15,000 - 15,000 - - BRADLEY POWER TUNNEL MAINT (Dam) Total 15,000 - 15,000 15,000 - 15,000 15,000 15,000 15,000 15,000 - 15,000 - - FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total 101,984 12,410 89,574 122,902 3,028 119,874 138,933 138,933 138,933 138,933 - 138,933 HEA - 1/26/20227:42 AM2022-BradleyBudget-Proposed Budget Amend 4-Final.xlsxSch B Page 7 of 20 FY19 FY20 FY21 FY22 FY22 FY22 FY22 FY22 FY19 Amended Budget Actual (Over) Under Budget to date FY20 Amended Budget Actual (Over) Under Budget to date FY21 Amended Budget FY22 Amend 1 Budget FY22 Amend 2 Budget FY22 Amend 3 Budget FY22 Proposed Changes FY22 Amend 4 Budget Increase (Decrease) From PY FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Bradley Lake Operating Labor & Benefits 342,265 285,366 56,899 273,620 249,706 23,914 309,110 309,110 309,110 309,110 - 309,110 - Indirect Costs 148,789 156,963 (8,174) 368,424 362,402 6,022 423,178 423,178 423,178 423,178 - 423,178 - Travel 4,500 216 4,284 4,500 - 4,500 4,500 4,500 4,500 4,500 - 4,500 - Contractual 70,000 69,475 525 49,000 19,661 29,339 86,000 49,000 49,000 49,000 - 49,000 (37,000) Supplies & Materials 20,000 16,571 3,429 70,000 66,370 3,630 38,000 30,000 30,000 30,000 - 30,000 (8,000) Maintenance Projects - 44,926 (44,926) - - - - - - - - - - Bradley Lake Operating Total 585,554 573,517 12,037 765,544 698,139 67,405 860,788 815,788 815,788 815,788 - 815,788 (45,000) BRADLEY HIGH BAY LIGHTS - Supplies & Materials 30,000 - 30,000 - - - - - - - - - - BRADLEY HIGH BAY LIGHTS Total 30,000 - 30,000 - - - - - - - - - - FERC 544 - Maintenance of Electric Plant Total 615,554 573,517 42,037 765,544 698,139 67,405 860,788 815,788 815,788 815,788 - 815,788 HEA (45,000) FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Bradley Lake Operating Labor & Benefits 85,438 70,963 14,475 69,395 62,843 6,552 69,297 69,297 69,297 69,297 - 69,297 (0) Indirect Costs 37,066 39,864 (2,798) 92,318 91,280 1,038 98,957 98,957 98,957 98,957 - 98,957 0 Contractual 3,900 - 3,900 3,900 6,763 (2,863) 3,900 3,900 3,900 3,900 - 3,900 - Supplies & Materials 35,000 33,168 1,832 63,000 93,510 (30,510) 58,000 34,000 34,000 34,000 - 34,000 (24,000) Maintenance Projects - 314 (314) - - - - - Bradley Lake Operating Total 161,404 143,995 17,409 228,613 254,710 (26,097) 230,154 206,154 206,154 206,154 - 206,154 (24,000) BRADLEY FISH WATER DSGN/MIDDLE FORK SHACK IMPR Contractual - - - - - - - - - - - - - Supplies & Materials - - - - - - - - - - - - - BRADLEY FISH WATER DSGN/MIDDLE FORK SHACK IMPR Total - - - - - - - - - - - - - FERC 545 - Maintenance of Misc. Hydraulic Plant Total 161,404 143,995 17,409 228,613 254,710 (26,097) 230,154 206,154 206,154 206,154 - 206,154 HEA (24,000) 1/26/20227:42 AM2022-BradleyBudget-Proposed Budget Amend 4-Final.xlsxSch B Page 8 of 20 FY19 FY20 FY21 FY22 FY22 FY22 FY22 FY22 FY19 Amended Budget Actual (Over) Under Budget to date FY20 Amended Budget Actual (Over) Under Budget to date FY21 Amended Budget FY22 Amend 1 Budget FY22 Amend 2 Budget FY22 Amend 3 Budget FY22 Proposed Changes FY22 Amend 4 Budget Increase (Decrease) From PY FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Bradley Lake Operating Labor & Benefits 21,506 20,920 586 21,140 37,092 (15,952) 21,140 19,708 19,708 19,708 - 19,708 (1,432) Contractual 53,000 44,800 8,200 53,000 57,365 (4,365) 53,000 53,000 53,000 53,000 - 53,000 - Supplies & Materials 6,000 613 5,387 6,000 3,204 2,796 6,000 6,000 6,000 6,000 - 6,000 - Equipment, Furniture and Machinery - - - - - - - - - - - - - Bradley Lake Operating Total 80,506 66,333 14,173 80,140 97,661 (17,521) 80,140 78,708 78,708 78,708 - 78,708 HEA (1,432) BRADLEY EMERSON ANTIVIRUS UPGRADE Contractual 40,000 41,740 (1,740) - - - - - - - - - HEA - BRADLEY EMERSON ANTIVIRUS UPGRADE Total 40,000 41,740 (1,740) - - - - - - - - - - Snow Measurement Bradley Lake Operating Contractual 12,000 10,000 2,000 10,000 10,000 - 10,000 10,000 10,000 10,000 - 10,000 AEA - Bradley Lake Operating Total 12,000 10,000 2,000 10,000 10,000 - 10,000 10,000 10,000 10,000 - 10,000 - Seismic Service Bradley Lake Operating Contractual 62,000 61,569 431 62,000 56,310 5,690 62,000 62,000 62,000 62,000 - 62,000 AEA - Bradley Lake Operating Total 62,000 61,569 431 62,000 56,310 5,690 62,000 62,000 62,000 62,000 - 62,000 - Streamguaging Serv Bradley Lake Operating Contractual 206,291 186,291 20,000 209,917 189,917 20,000 183,615 218,000 218,000 218,000 - 218,000 AEA 34,385 Bradley Lake Operating Total 206,291 186,291 20,000 209,917 189,917 20,000 183,615 218,000 218,000 218,000 - 218,000 34,385 Permits Bradley Lake Operating Other Costs 350 250 100 350 758 (408) 350 350 350 350 - 350 AEA - Bradley Lake Operating Total 350 250 100 350 758 (408) 350 350 350 350 - 350 - FERC 556 - System Control & Load Dispatching Total 401,147 366,183 34,964 362,407 354,646 7,761 336,105 369,058 369,058 369,058 - 369,058 32,953 FERC 562 - Station Expenses Station Expenses SVC/Substation Maintenance Contract Labor & Benefits 94,718 83,226 11,492 59,774 72,086 (12,312) 55,712 62,388 62,388 62,388 - 62,388 CEA 6,677 Travel 2,000 1,632 368 4,000 2,596 1,404 4,500 3,500 3,500 3,500 - 3,500 CEA (1,000) Contractual 32,000 35,207 (3,207) 2,000 51,167 (49,167) 1,800 2,000 2,000 2,000 - 2,000 CEA 200 Supplies & Materials 21,000 17,692 3,308 12,000 613 11,387 10,000 10,000 10,000 10,000 - 10,000 CEA - Other Costs 4,000 1,112 2,888 2,000 - 2,000 - 1,500 1,500 1,500 30,000 31,500 CEA 1,500 Equipment, Furniture and Machinery - - - - - - - - - - - - CEA - Maintenance Projects - - - - - - - - - - - - CEA - Labor & Benefits - - - 27,298 - 27,298 27,298 71,759 71,759 71,759 - 71,759 HEA 44,461 Contractual - - - - - - - 59,600 59,600 59,600 - 59,600 HEA 59,600 Supplies & Materials - - - 10,000 - 10,000 34,000 5,000 5,000 5,000 - 5,000 HEA (29,000) Equipment, Furniture and Machinery - - - - - - 13,000 - - - - - HEA (13,000) - SVC/Substation Maintenance Contract Total 153,718 138,869 14,849 117,072 126,462 (9,390) 146,309 215,747 215,747 215,747 30,000 245,747 69,438 FERC 562 - Station Expenses Total 153,718 138,869 14,849 117,072 126,462 (9,390) 146,309 215,747 215,747 215,747 30,000 245,747 69,438 FERC 563 - Weather Monitoring Power Sup Bradley Lake Operating Contractual - - - - 5,244 (5,244) AEA - Bradley Lake Operating Total - - - - 5,244 (5,244) - 1/26/20227:42 AM2022-BradleyBudget-Proposed Budget Amend 4-Final.xlsxSch B Page 9 of 20 FY19 FY20 FY21 FY22 FY22 FY22 FY22 FY22 FY19 Amended Budget Actual (Over) Under Budget to date FY20 Amended Budget Actual (Over) Under Budget to date FY21 Amended Budget FY22 Amend 1 Budget FY22 Amend 2 Budget FY22 Amend 3 Budget FY22 Proposed Changes FY22 Amend 4 Budget Increase (Decrease) From PY FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Bradley Lake Operating Labor & Benefits 31,120 12,110 19,010 27,459 2,507 24,952 27,459 27,963 27,963 27,963 - 27,963 504 Travel 10,000 8,180 1,820 10,000 4,530 5,470 - - - - - - - Contractual 50,000 17,875 32,125 50,000 66,884 (16,884) 100,000 100,000 100,000 100,000 - 100,000 - Supplies & Materials 5,000 - 5,000 5,000 - 5,000 5,000 5,000 5,000 5,000 - 5,000 - Equipment, Furniture and Machinery - - - - 103 (103) - - - - - - - Bradley Lake Operating Total 96,120 38,165 57,955 92,459 74,024 18,435 132,459 132,963 132,963 132,963 - 132,963 HEA 504 FERC 571 - Maintenance of Overhead Lines Total 96,120 38,165 57,955 92,459 74,024 18,435 132,459 132,963 132,963 132,963 - 132,963 504 FERC 920 & 930 - Administrative Expense AEA Bradley Admin Fees Bradley Lake Operating Administrative Costs 200,000 200,000 - 200,000 200,000 - 201,000 274,000 274,000 274,000 - 274,000 73,000 Administrative Costs 2,500 2,500 2,500 2,500 - 2,500 - Travel 3,500 - - - - - (3,500) Bradley Lake Operating Total 200,000 200,000 - 200,000 200,000 - 207,000 276,500 276,500 276,500 - 276,500 AEA 69,500 Operating Committee Exp-Audit Bradley Lake Operating Administrative Costs 16,500 19,900 (3,400) 19,900 20,298 (398) 19,900 19,900 19,900 19,900 - 19,900 AEA - Bradley Lake Operating Total 16,500 19,900 (3,400) 19,900 20,298 (398) 19,900 19,900 19,900 19,900 - 19,900 - Operating Committee Exp-Legal Bradley Lake Operating Administrative Costs 25,000 140,453 (115,453) 30,000 215,162 (185,162) 70,000 70,000 70,000 70,000 - 70,000 AEA - Bradley Lake Operating Total 25,000 140,453 (115,453) 30,000 215,162 (185,162) 70,000 70,000 70,000 70,000 - 70,000 - Operat Committee Exp-Arbitrage Bradley Lake Operating Administrative Costs 2,935 2,785 150 3,000 2,685 315 5,000 5,000 5,000 5,000 - 5,000 AEA - Bradley Lake Operating Total 2,935 2,785 150 3,000 2,685 315 5,000 5,000 5,000 5,000 - 5,000 - Trust & Account Fees Bradley Lake Operating Administrative Costs 11,918 11,918 - 11,918 12,118 (200) 13,000 13,000 13,000 13,000 - 13,000 AEA - Bradley Lake Operating Total 11,918 11,918 - 11,918 12,118 (200) 13,000 13,000 13,000 13,000 - 13,000 - Misc Admin Bradley Lake Operating Administrative Costs 10,350 11,646 (1,296) 11,646 12,000 (354) 18,900 12,000 12,000 12,000 - 12,000 AEA (6,900) Bradley Lake Operating Total 10,350 11,646 (1,296) 11,646 12,000 (354) 18,900 12,000 12,000 12,000 - 12,000 (6,900) FERC 920 & 930 - Administrative Expense Total 266,703 386,702 (119,999) 276,464 462,263 (185,799) 333,800 396,400 396,400 396,400 - 396,400 62,600 1/26/20227:42 AM2022-BradleyBudget-Proposed Budget Amend 4-Final.xlsxSch B Page 10 of 20 FY19 FY20 FY21 FY22 FY22 FY22 FY22 FY22 FY19 Amended Budget Actual (Over) Under Budget to date FY20 Amended Budget Actual (Over) Under Budget to date FY21 Amended Budget FY22 Amend 1 Budget FY22 Amend 2 Budget FY22 Amend 3 Budget FY22 Proposed Changes FY22 Amend 4 Budget Increase (Decrease) From PY FERC 924 & 925 - Insurance Premiums Insurance Premiums Bradley Lake Operating Administrative Costs 600,834 599,218 1,616 575,000 613,782 (38,782) 692,019 850,000 1,366,444 1,366,444 - 1,366,444 AEA 674,425 Administrative Costs 56,000 18,422 37,578 56,000 39,347 16,653 56,000 16,000 16,000 16,000 16,000 HEA (40,000) Bradley Lake Operating Total 656,834 617,640 39,194 631,000 653,129 (22,129) 748,019 866,000 1,382,444 1,382,444 - 1,382,444 634,425 Risk Management Bradley Lake Operating Administrative Costs - - - - - - - 25,000 25,000 25,000 25,000 CEA 25,000 - - - Bradley Lake Operating Total - - - - - - - 25,000 25,000 25,000 - 25,000 25,000 - FERC 924 & 925 - Insurance Premiums Total 656,834 617,640 39,194 631,000 653,129 (22,129) 748,019 891,000 1,407,444 1,407,444 - 1,407,444 659,425 FERC 928 - Regulatory Commission Expenses FERC Admin Fees Administrative Costs 185,000 101,775 83,225 185,000 169,976 15,024 175,000 150,000 150,000 150,000 150,000 AEA (25,000) Bradley Lake Operating Total 185,000 101,775 83,225 185,000 169,976 15,024 175,000 150,000 150,000 150,000 - 150,000 (25,000) FERC Related Prof Services FERC Part 12 Inspection Administrative Costs - - - - - - 75,000 25,000 25,000 25,000 25,000 AEA (50,000) Contractual Engineer-FERC license issues Administrative Costs 125,000 104,560 20,440 100,000 88,256 11,744 110,000 180,000 180,000 180,000 180,000 AEA 70,000 Bradley Lake Operating Total 125,000 - 125,000 100,000 88,256 11,744 185,000 205,000 205,000 205,000 - 205,000 20,000 FERC 928 - Regulatory Commission Expenses Total 310,000 206,335 103,665 285,000 258,232 26,768 360,000 355,000 355,000 355,000 - 355,000 (5,000) Total Bradley Lake Budget 4,787,467 4,019,975 767,492 5,351,042 4,773,126 577,915 5,628,702 5,947,908 6,464,352 6,464,352 30,000 6,494,352 835,650 1/26/20227:42 AM2022-BradleyBudget-Proposed Budget Amend 4-Final.xlsxSch B Page 11 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Monthly Utility Contributions Schedule C FY2019 FY2020 FY2021 FY2022 FY2022 FY2022 FY2022 FY2022 FY2021 to Percent Amended Amended Amended Amend 1 Amend 2 Amend 3 Proposed Amend 4 FY2022 Power Purchaser Share Budget Budget Budget Budget Budget Budget Changes Budget Change Chugach Electric (combined w ML&P)56.3%10,701,072 11,026,056 9,235,126 5,941,748 6,290,657 6,290,657 (1,803,049) 4,487,608 (2,944,469) Homer Electric 12.0%2,280,864 2,350,140 1,968,409 1,266,446 1,340,814 1,340,814 (384,309) 956,505 (627,595) Matanuska Electric 13.8%2,622,996 2,702,664 2,263,673 1,456,415 1,541,938 1,541,938 (441,955) 1,099,983 (721,735) Golden Valley Electric 16.9%3,212,220 3,309,780 2,772,178 1,783,580 1,888,315 1,888,315 (541,236) 1,347,079 (883,863) City of Seward 1.0%190,068 195,840 164,035 105,537 111,735 111,735 (32,026) 79,709 (52,300) Rounding (1) 5 - 100.0%19,007,219 19,584,485 16,403,421 10,553,726 11,173,459 11,173,459 (3,202,575) 7,970,884 (5,229,962) Percent FY2019 FY2020 FY2021 FY2022 FY2022 FY2022 FY2022 FY2022 Power Purchaser Share Monthly Monthly Monthly Monthly Amend 2 Amend 3 Proposed Amend 4 Budget Budget Changes Budget Chugach Electric (combined w ML&P)56.3%891,756 918,838 900,902 495,146 524,221 524,221 (450,762)73,459 (376,681) Homer Electric 12.0%190,072 195,845 192,021 105,537 111,735 111,735 (96,077)15,657 (80,287) Matanuska Electric 13.8%218,583 225,222 220,826 121,368 128,495 128,495 (110,489)18,006 (92,331) Golden Valley Electric 16.9%267,685 275,815 270,431 148,632 157,360 157,360 (135,309)22,051 (113,071) City of Seward 1.0%15,839 16,320 16,002 8,795 9,311 9,311 (8,006)1,305 (6,690) - 100.0%1,583,935 1,632,040 1,600,181 879,477 931,122 931,122 (800,644) 130,478 (669,060) 1/26/20227:42 AM2022-BradleyBudget-Proposed Budget Amend 4-Final.xlsxSch C Page 12 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT R&C Fund Disbursements and Repayments Schedule D Actual ACTUAL PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED TO REPAY TO REPAY TO REPAY TO REPAY Description Disburse at 06/30/20 Disburse at 06/30/21 Disburse at 06/30/22 Disburse at 06/30/22 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 41,179.09 41,179.09 150,000.00 191,179.09 150,000.00 341,179.09 150,000.00 341,179.09 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 0.00 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 0.00 510,550.13 0.00 510,550.13 0.00 510,550.13 0.00 510,550.13 Emerson Operating System Upgrade 0.00 622,665.00 0.00 622,665.00 0.00 622,665.00 0.00 622,665.00 Generator #2 Relacement 370,871.04 953,212.71 0.00 953,212.71 0.00 953,212.71 0.00 953,212.71 Road Grader 0.00 0.00 370,000.00 370,000.00 0.00 370,000.00 0.00 370,000.00 Battle Creek Construction 0.00 3,666,000.00 3,666,000.00 0.00 3,666,000.00 0.00 3,666,000.00 Battle Creek Cash Call 0.00 750,000.00 750,000.00 0.00 750,000.00 0.00 750,000.00 Repayment through Cash Call 0.00 (750,000.00) (750,000.00) 0.00 (750,000.00) 0.00 (750,000.00) Needle Rapairs 0.00 1,500,000.00 1,500,000.00 0.00 1,500,000.00 0.00 1,500,000.00 Construct additional residence 0.00 0.00 980,000.00 980,000.00 980,000.00 980,000.00 Spillway Raise & Expansion Project 500,000.00 500,000.00 800,000.00 800,000.00 412,050.13 27,020,557.99 5,686,000.00 32,706,557.99 1,630,000.00 34,336,557.99 1,930,000.00 34,636,557.99 Current Year R&C Repayment (2,121,396.10) (2,288,753.22) (2,360,901.73) (2,435,901.73) 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 (175,199.84) (269,486.35) 0.00 0.00 Net Transfer from Revenue Fund (2,296,595.94) (2,558,239.57) (2,360,901.73) (2,435,901.73) Cumulative Prior Years R&C Repayments (23,240,089.01) (25,518,390.50) (28,076,630.07) (28,076,630.07) Due back to Utilities 18,294.45 0.00 0.00 0.00 R&C Cumulative Interest (Retained) Applied As Part of Repayment 0.00 0.00 0.00 0.00 Net R&C Repayments (23,221,794.56) (25,518,390.50) (28,076,630.07) (28,076,630.07) NET DUE TO R&C FUND 1,502,167.49 4,629,927.92 3,899,026.19 4,124,026.19 R&C FUND CASH FLOW PROJECTION Beginning Investment Balance 2,435,913.25 3,922,231.19 370,072.08 370,072.08 Disbursements-current year (412,050.13) (5,686,000.00) (1,630,000.00) (1,930,000.00) Disbursements-prior year accrued (309,844.12) (406,104.23) 0.00 0.00 R&C Repayment to utilities (88,383.75) (18,294.45) 0.00 0.00 Net other cash inflow(outflow) 0.00 0.00 0.00 0.00 Current year interest earnings 175,199.84 269,486.35 0.00 0.00 Current year Participants Contributions to R&C 2,121,396.10 2,288,753.22 2,360,901.73 2,435,901.73 Ending Investment Balance 3,922,231.19 370,072.08 1,100,973.82 875,973.82 Accrued R&C Payable at year end-Due to Utilities (18,294.45) 0.00 0.00 0.00 Accrued R&C vendor Payable at year end (406,104.23) 0.00 0.00 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 | 18% yr 4 $5,644,193.08 x 25% all 4 years 4th yr 1,411,048.27 $1,341,405.96 x 25% all 4 years 3rd yr 335,351.49 4th yr 335,351.49 $1,715,556.80 x 25% all 4 years 2nd yr 428,889.20 3rd yr 428,889.20 4th yr 428,889.20 4th yr 428,889.20 $150,000 x 25% all 4 years 1st yr 103,012.53 2nd yr 103,012.53 3rd yr 103,012.53 3rd yr 103,012.53 $520,000 x 25% all 4 years 1st yr 1,421,500.00 2nd yr 1,421,500.00 2nd yr 1,421,500.00 1st yr 407,500.00 1st yr 482,500.00 2,278,301.49 2,288,753.22 2,360,901.73 2,435,901.73 APPROVED AMEND 3 PROPOSED AMEND 4 1/26/20227:42 AM2022-BradleyBudget-Proposed Budget Amend 4-Final.xlsx Sch D Page 13 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Capital Purchases (not funded by R&C Fund) Schedule E FY19 FY20 FY21 FY22 FY22 FY22 FY22 FY22 FY22 Amended Amend 1 Proposed Amend 2 Amend 3 Proposed Amend 4 Actuals Actuals Budget Budget Changes Budget Budget Changes Budget Battle Creek Diversion 149,941 822,327 320,000 - Battle Creek Associated Costs 15,000 - 15,000 15,000 - 15,000 Vent Enlargment 50,000 - 50,000 50,000 - 50,000 Pressure Sensor w SCADA 25,000 - 25,000 25,000 - 25,000 Power feed to LBC Bridge 25,000 - 25,000 25,000 - 25,000 Total Non R&C Capital Purchases 149,941 822,327 320,000 115,000 - 115,000 115,000 - 115,000 Capital Construction Project Description 1/26/20227:42 AM2022-BradleyBudget-Proposed Budget Amend 4-Final.xlsxSch E Page 14 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Operations & Maintenance Budget Schedule F HEA 262,438 319,073 (56,635) 268,524 332,875 (64,351) 92,569 - - - - - (92,569) CEA - - - - - - - - - - - - - AEA 191,550 208,651 (17,101) 126,900 247,731 (120,831) 273,900 208,900 208,900 208,900 - 208,900 (65,000) BL - - - - - - 181,245 190,710 190,710 190,710 - 190,710 9,465 453,988 527,724 (73,736) 395,424 580,606 (185,182) 547,714 399,610 399,610 399,610 - 399,610 (148,104) - - - - - - - - - FY19 FY21 FY22 FY19 Amended Budget Actual (Over) Under Budget FY20 Amended Budget Actual (Over) Under Budget FY21 Amended Budget FY22 Amend 1 Budget FY22 Amend 2 Budget FY22 Amend 3 Budget FY22 Proposed Changes FY22 Amend 4 Budget Increase (Decrease) from PY Summary by cost type - - Administrative Costs 453,988 527,724 (73,736) 395,424 580,606 (185,182) 255,469 82,900 82,900 82,900 - 82,900 (172,569) Battle Creek O&M - Bradley Allocation - - - - - - 181,245 190,710 190,710 190,710 - 190,710 9,465 Battle Creek O&M 111,000 126,000 126,000 126,000 - 126,000 15,000 453,988 527,724 (73,736) 395,424 580,606 (185,182) 547,714 399,610 399,610 399,610 - 399,610 (148,104) Bradley Lake O&M 4% charge to Battle Creek - Battle Creek O&M - - - - - - 181,245 190,710 190,710 190,710 - 190,710 BL 9,465 FERC 537 - Hydraulic Expenses Hydraulic Expenses Battle Creek Operating Labor & Benefits - - - - - - - - - - - - Indirect Costs - - - - - - - - - - - - Travel - - - - - - - - - - - - Training - - - - - - - - - - - - Contractual - - - - - - 66,000 81,000 81,000 81,000 81,000 AEA 15,000 Supplies & Materials - - - - - - - - - - Equipment, Furniture and Machinery - - - - - - - - - - - - - Bradley Lake Operating Total - - - - - - 66,000 81,000 81,000 81,000 - 81,000 15,000 FERC 537 - Hydraulic Expenses Total - - - - - - 66,000 81,000 81,000 81,000 - 81,000 15,000 - - - FERC 556 - System Control & Load Dispatching Streamgaging Expenses Battle Creek Operating Labor & Benefits - - - - - - - - - - - - Indirect Costs - - - - - - - - - - - - Travel - - - - - - - - - - - - Training - - - - - - - - - - - - Contractual - - - - - - 45,000 45,000 45,000 45,000 45,000 AEA - Supplies & Materials - - - - - - - - - - - - Equipment, Furniture and Machinery - - - - - - - - - - - - - - - Bradley Lake Operating Total - - - - - - 45,000 45,000 45,000 45,000 - 45,000 - FERC 556 - System Control & Load Dispatching Total - - - - - - 45,000 45,000 45,000 45,000 - 45,000 - FY20 1/26/20227:42 AM2022-BradleyBudget-Proposed Budget Amend 4-Final.xlsxSch F Page 15 of 20 FY19 FY21 FY22 FY19 Amended Budget Actual (Over) Under Budget FY20 Amended Budget Actual (Over) Under Budget FY21 Amended Budget FY22 Amend 1 Budget FY22 Amend 2 Budget FY22 Amend 3 Budget FY22 Proposed Changes FY22 Amend 4 Budget Increase (Decrease) from PY FY20 - - - FERC 920 & 930 - Administrative Expense Battle Creek Admin Fees Administrative Costs 8,193 7,421 772 12,274 12,274 0 11,419 - - - - HEA (11,419) Administrative Costs 168,000 168,000 - 105,000 105,051 (51) 122,000 71,000 71,000 71,000 71,000 AEA (51,000) Battle Creek Admin Fees Total 176,193 175,421 772 117,274 117,325 (51) 133,419 71,000 71,000 71,000 - 71,000 (62,419) Operating Committee Exp-Owners Representative Administrative Costs 254,245 311,652 (57,407) 256,250 320,601 (64,351) 81,150 - - - - HEA (81,150) Operating Committee Exp-Owners Representative Total 254,245 311,652 (57,407) 256,250 320,601 (64,351) 81,150 - - - - - (81,150) - Operating Committee Exp-Legal - Administrative Costs 15,000 34,795 (19,795) 15,000 135,880 (120,880) 30,000 5,000 5,000 5,000 5,000 AEA (25,000) Operating Committee Exp-Legal Total 15,000 34,795 (19,795) 15,000 135,880 (120,880) 30,000 5,000 5,000 5,000 - 5,000 (25,000) - Operat Committee Exp-Arbitrage - Administrative Costs 2,000 1,690 310 2,000 1,690 310 2,000 2,000 2,000 2,000 2,000 AEA - Operat Committee Exp-Arbitrage Total 2,000 1,690 310 2,000 1,690 310 2,000 2,000 2,000 2,000 - 2,000 - Trust & Account Fees Administrative Costs 6,550 4,083 2,467 4,800 5,000 (200) 8,800 4,800 4,800 4,800 4,800 AEA (4,000) Trust & Account Fees Total 6,550 4,083 2,467 4,800 5,000 (200) 8,800 4,800 4,800 4,800 - 4,800 (4,000) Operating Committee Exp-Other Administrative Costs - 83 (83) 100 110 (10) 100 100 100 100 100 AEA - Operating Committee Exp-Other Total - 83 (83) 100 110 (10) 100 100 100 100 - 100 - - - - - FERC 920 & 930 - Administrative Expense Total 453,988 527,724 (73,736) 395,424 580,606 (185,182) 255,469 82,900 82,900 82,900 - 82,900 (172,569) Total Bradley Lake Budget 453,988 527,724 (73,736) 395,424 580,606 (185,182) 547,714 399,610 399,610 399,610 - 399,610 (148,104) 1/26/20227:42 AM2022-BradleyBudget-Proposed Budget Amend 4-Final.xlsxSch F Page 16 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Monthly Participating Purchaser Contributions Schedule G FY2019 FY2020 FY2021 FY2022 FY2022 FY2022 FY2022 FY2022 FY2021 to Percent Amended Amended Amended Amend 1 Amend 2 Amend 3 Proposed Amend 4 FY2022 POWER PURCHASER Share Budget Budget Budget Budget Budget Budget Changes Budget Change Chugach Electric Association 39.38%519,711 1,008,930 2,367,938 1,403,682 1,403,682 1,403,682 - 1,403,682 (964,256) Homer Electric Association 41.44%546,898 1,061,708 2,491,807 1,477,109 1,477,109 1,477,109 - 1,477,109 (1,014,698) Matanuska Electric Association 17.88%235,968 458,092 1,075,133 637,324 637,324 637,324 - 637,324 (437,809) City of Seward 1.30%17,157 33,306 78,169 46,338 46,338 46,338 - 46,338 (31,831) Rounding - 100.00%1,319,734 2,562,036 6,013,047 3,564,453 3,564,453 3,564,453 - 3,564,453 (2,448,594) FY2021 FY2022 FY2022 FY2022 FY2022 FY2022 FY2021 to Percent FY2019 FY2020 Amended Draft Amend 2 Amend 3 Proposed Amend 4 FY2022 POWER PURCHASER Share Monthly Monthly Budget Budget Budget Budget Changes Budget Change Chugach Electric Association 39.38%43,309 86,867 220,385 116,974 116,974 116,974 - 116,974 (103,412) Homer Electric Association 41.44%45,575 91,411 231,913 123,092 123,092 123,092 - 123,092 (108,821) Matanuska Electric Association 17.88%19,664 39,441 100,063 53,110 53,110 53,110 - 53,110 (46,953) City of Seward 1.30%1,430 2,868 7,275 3,862 3,862 3,862 - 3,862 (3,414) - - 100.0%109,978 220,587 559,636 297,038 297,038 297,038 - 297,038 (262,598) 1/26/20227:42 AM2022-BradleyBudget-Proposed Budget Amend 4-Final.xlsxSch G Page 17 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT SSQ Line Capital Purchases (not funded by R&C Fund) Schedule H FY19 FY20 FY21 FY22 FY22 FY22 FY22 FY22 Amended Amend 1 Amend 2 Amend 3 Proposed Amend 4 Actuals Actuals Budget Budget Budget Budget Changes Budget SQ Line Access Documentation 150,000 - - - - - SQ Line Acquisition Costs 40,000 - - - - - SQ Soldotna-Qtz Ck 230kV Construction 750,000 - 750,000 Total Non R&C Capital Purchases - - 190,000 - - 750,000 - 750,000 Capital Project Description 1/26/20227:42 AM2022-BradleyBudget-Proposed Budget Amend 4-Final.xlsxSch H Page 18 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT SSQ Line Operations and Maintenance Budget Schedule I HEA 150,000 300,523 - 300,523 300,523 - 300,523 150,523 CEA - - - - - - - - AEA 20,000 144,000 - 144,000 144,000 - 144,000 124,000 170,000 444,523 - 444,523 444,523 - 444,523 274,523 - - - FY21 FY22 FY21 Amended Budget FY22 Amend 1 Budget FY22 Proposed Changes FY22 Amend 2 Budget FY22 Amend 3 Budget FY22 Proposed Changes FY22 Amend 4 Budget Increase (Decrease) From PY Summary by cost type Labor & Benefits 32,500 85,820 - 85,820 85,820 - 85,820 53,320 Indirect Costs - - - - - - - - Travel - - - - - - - - Training - - - - - - - - Contractual 110,000 250,000 - 250,000 250,000 - 250,000 140,000 Supplies & Materials 7,500 56,992 - 56,992 56,992 - 56,992 49,492 Other Costs - 7,711 - 7,711 7,711 - 7,711 7,711 Equipment, Furniture and Machinery - - - - - - - - Maintenance Projects - - - - - - - - Administrative Costs 20,000 44,000 - 44,000 44,000 - 44,000 24,000 170,000 444,523 - 444,523 444,523 - 444,523 274,523 FERC 571 - Maintenance of Overhead Lines Maint of OH Lines SQ Line Labor & Benefits 32,500 85,820 - 85,820 85,820 - 85,820 HEA 53,320 Travel - - - - - - - - Contractual 110,000 150,000 - 150,000 150,000 - 150,000 HEA 40,000 Contractual - 100,000 - 100,000 100,000 - 100,000 AEA 100,000 Supplies & Materials 7,500 56,992 - 56,992 56,992 - 56,992 HEA 49,492 Other Costs - 7,711 - 7,711 7,711 - 7,711 HEA 7,711 SQ Line Total 150,000 400,523 - 400,523 400,523 - 400,523 250,523 FERC 571 - Maintenance of Overhead Lines Total 150,000 400,523 - 400,523 400,523 - 400,523 250,523 FERC 920 & 930 - Administrative Expense AEA Bradley Admin Fees Bradley Lake Operating Administrative Costs 20,000 42,000 42,000 42,000 42,000 AEA 22,000 Bradley Lake Operating Total 20,000 42,000 - 42,000 42,000 - 42,000 22,000 SSQ Line Trust & Account Fees SQ Line Administrative Costs - 2,000 2,000 2,000 2,000 AEA 2,000 SQ Line Total - 2,000 - 2,000 2,000 - 2,000 2,000 - FERC 920 & 930 - Administrative Expense Total 20,000 44,000 - 44,000 44,000 - 44,000 24,000 Total Bradley Lake Budget 170,000 444,523 - 444,523 444,523 - 444,523 274,523 1/26/20227:42 AM2022-BradleyBudget-Proposed Budget Amend 4-Final.xlsxSch I Page 19 of 20 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT SSQ Line Monthly Utility Contributions Schedule J FY2021 FY2022 FY2022 FY2022 FY2022 FY2022 FY2021 to Percent Amended Amend 1 Amend 2 Amend 3 Proposed Amend 4 FY2022 Power Purchaser Share Budget Budget Budget Budget Changes Budget Change Chugach Electric (combined w ML&P) 56.3%202,680 281,178 281,178 703,428 563,610 1,267,038 78,498 Homer Electric 12.0%43,200 59,931 59,931 149,931 120,130 270,061 16,731 Matanuska Electric 13.8%49,680 68,921 68,921 172,421 138,150 310,571 19,241 Golden Valley Electric 16.9%60,840 84,403 84,403 211,153 169,183 380,336 23,563 City of Seward 1.0%3,600 4,994 4,994 12,494 10,011 22,505 1,394 Rounding - 100.0%360,000 499,427 499,427 1,249,427 1,001,084 2,250,511 139,427 FY2022 FY2022 FY2022 FY2022 Power Purchaser Percent FY2021 FY2022 Amend 2 Amend 3 Proposed Amend 4 Share Monthly Monthly Budget Budget Changes Budget Chugach Electric (combined w ML&P) 56.3%16,890 23,431 23,432 58,619 140,903 199,522 6,541 Homer Electric 12.0%3,600 4,994 4,994 12,494 30,033 42,527 1,394 Matanuska Electric 13.8%4,140 5,743 5,743 14,368 34,537 48,906 1,603 Golden Valley Electric 16.9%5,070 7,034 7,034 17,596 42,296 59,892 1,964 City of Seward 1.0%300 416 416 1,041 2,503 3,544 116 - 100.0%30,000 41,619 41,619 104,119 250,271 354,390 11,619 1/26/20227:42 AM2022-BradleyBudget-Proposed Budget Amend 4-Final.xlsxSch J Page 20 of 20 Bradley Lake Operator Report Page 1 Bradley Lake Operator Report BPMC January 28, 2022 Unit Statistics: Generation Unit 1 (MWhrs) Unit 2 (MWhrs) Total (MWhrs) December 2021 January 2022* 19,648 11,170 12,719 7,423 32,367 18,594 Hydraulics Avg. Lake Level (ft.) Usage (ac ft.) Fish water (CFS) December 2021 January 2022* 1124 1112 33,171 19,275 3,056 2,271 Battle Creek Inflows to Bradley Fish Water Shut down for winter 0 0 * As of January 24, 2022 Lake Level – 1112.0’ as of January 24, 2021 Activities 1) Robert Day’s Retirement – Bob changed plans to retire due to many issues that needed attention. The new retirement date is effective February 28, 2022. There were too many things “hanging fire” for me to depart as originally planned. I elected to stay on to help get the following out of the starting gate; new building, barge trip, get the 2023 budget started, new servo design with Voith, spare parts for needles ordered, new truck purchase, to try to sort out the fire system troubles as well as annual purchase of gasoline and diesel. Again, it has been a lot of fun. Thanks for the ride. 2) New building –The architect continues to work the final design. We are working toward bidding the project and breaking ground in spring. The Crew’s Quarters design is in Hand for review. 3) Fire system – A system inspection was completed the week of November 15th. The report was just recently received. A couple of items are being addressed (batteries and sprinkler heads) but the big issue is that the fire pump may not be up to snuff. 4) New Hire – We have a new operator Allen Roemhildt from Cordova, he started on December 27th. Bradley Lake Operator Report Page 2 5) New Hire #2– We have a new superintendent lined up, he is starting on March 15th baring any final glitches. 6) Up one down one – We said goodbye to Montana Pearson (trainee). Montana had a better job offer and left Bradley on January 10th. 7) D Hittle Report – D Hittle has completed the final version. If you want a copy please let me know. 8) Short Staff – Bradley is down 1 operator due to retirement, one operator is on light duty and one operator just returned from extensive medical leave so we have been getting by with a very short staff. 9) SNOW and more SNOW and now Rain – after weeks of cold and snow it has turned to rain and the project is a skating rink. I have never seen worse conditions, it was 34.8 degrees at the dam this AM. At the powerhouse we had 3 inches of clear ice with an inch of standing water on top of the ice. 10) Robert Day’s Retirement – Bob changed plans to retire due to many issues that needed attention. The new retirement date is effective February 28, 2022. Again, it has been a lot of fun. Thanks for the ride. 11) 2023 Budget – it is time to start the process for the draft Bradley Budget. 12) Barge trip – In February we are arranging a barge to bring over the new grader, gasoline, diesel, new air valves for Battle creek, jib crane, e-generator radiator and a number of other large bulky items. A pickup is returning to Homer to have its air bag replaced. 13) Annual Maintenance Outage – March 1 through March 15 Unit 1, March 10 to March 20 Unit 2 with the UPS replacement occurring March 10 to March 15 (required a full plant outage. Bradley Lake Operator Report Page 3 The Bradley Dam 01/12/2022 Bradley Lake Operator Report Page 4 Bradley conditions 01/22/2022 Bradley Lake 07/01/2021 to 09/30/2021 Budget to Actual Expense Report Page 1 of 19 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT FY2021 FY2022 FY2022 FY 2022 1st QUARTER REPORT ACTUALS Amend 3 ACTUALS BUDGET REVENUES, EXPENSES & CHANGES IN SURPLUS REVENUES UTILITY CONTRIBUTIONS 15,259,364 11,173,459 2,793,366 INTEREST INCOME 1,976,237 500 903,826 OTHER MISCELLANEOUS*2,000 - - OTHER AVAILABLE FUNDS-Cap Reserve Transfer 1,325,513 9,893,771 - 18,563,114 21,067,730 3,697,192 EXPENSES OPERATIONS & MAINTENANCE-Sch B 4,902,699 6,464,352 1,122,174 RENEWALS/REPLACE (R&C) PAYMENTS-Sch D 815,481 1,256,902 - RENEWALS/REPLACEMENTS (R&C FUND CASH CALL)-Sch D - - - R&C INTEREST APPLIED AS REPMT 269,488 - 41,309 NON R&C CAPITAL PURCHASES - Sch A1 491,345 759,000 100,883 TRANSFERS TO(FROM)OPERATING RESERVE 276,375 133,130 - DEBT SERVICE 11,453,263 - - TRANSFER TO ARBITRAGE 354,464 - 278,442 Excess Payment Agreement 12,454,346 18,563,114 21,067,730 1,542,807 CURRENT YEAR SURPLUS(DEFICIT)0 0 2,154,385 PRIOR YEAR SURPLUS (DEFICIT)- - - BEGINNING SURPLUS (DEFICIT)- - - COMMITTED CY EXP & DEBT SVC (0) (0) (2,154,385) ENDING SURPLUS (DEFICIT)- - - BALANCE SHEET ASSETS REVENUE FUND-USB 1,296,949 - 631,521 OPERATING FUND-USB 1,215,498 - 875,244 REVENUE/OPERATING-KB - - 2,532,352 DUE FROM SQ OPERATING 170,000 - 170,000 DUE FROM R&C 120,484 - 120,484 OTHER RECEIVABLE - - - PREPAID - - 940,139 2,802,930 - 5,269,741 LIABILITIES & SURPLUS CURRENT LIABILITIES 1,955,148 - 2,267,574 OTHER LIABILITIES - - - UNEARNED REVENUE - - - DUE TO R&C - - - COMMITTED CY EXP & DEBT SVC - - 2,154,385 727,298 - 727,298 120,484 - 120,484 2,802,930 - 5,269,741 - OTHER INFORMATION OPERATING RESERVE 1,159,740 - - MONTHLY CONTRIBUTIONS 1,271,614 931,122 931,122 PAYABLE TO UTILITIES O&M PAYABLE TO UTILITIES R&C Page 2 of 19 BL ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Schedule A-1 Expenses for the period 07/01/21 to 09/30/21 FY21 FY22 FY22 ACTUALS BUDGET ACTUALS Replace/Automate Fish Water Valve Actuators - Battle Creek Bridge Repair 141,369 - 79,410 UPS Replacement 34,438 IRIS Air Gap Monitoring System (computer) 45,000 18,675 Replace Dump Truck and Sander 166,608 20,000 Rough Terrain Fork Lift (with Plow) Pick up Truck Housing Preliminary Design 10,375 Emerson Cybersecurity Update 138,555 Heavy Duty trailer for equipment 20,000 ABB Replace GIS Actuators 240,000 Replacement pickup truck 45,000 Needle Valve rebuild 150,000 2,798 Start new servo design 100,000 SQ Line Access Documentation 3,127 SQ Line Acquisition Costs 46,029 SQ Line Projects transferred to SCH H (49,156) Total Non R&C Capital Purchases 491,345 759,000 100,883 CAPITAL PURCHASES NOT FUNDED BY R&C FUND Page 3 of 19 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 09/30/2021 FY 22 FY 21 FY22 Approved Budget BUDGET % 07/01/2021 - 09/30/2021 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY21 Approved Budget FY21 Actual Summary by expense type AIDEA Staff Professional Services (Direct) - - - - 37,974 37,974 (37,974) - 94,811 Labor & Benefits 1,307,994 327,000 161,980 31,446 - 193,426 133,574 1,413,289 1,146,940 Travel 38,450 9,613 - 252 - 252 9,361 44,950 1,729 Training 49,300 12,325 4,365 - - 4,365 7,960 49,300 25,474 Contractual 1,044,525 261,131 142,118 - 66,370 208,488 52,643 844,340 770,831 Contractual - Design Services - - - - - - - 59,000 - Consulting-Administrative - - - - 275 275 (275) 2,500 3,095 Supplies & Materials 429,345 107,336 27,077 563 - 27,641 79,695 389,345 213,581 Other Costs 67,318 16,830 5,949 4,919 - 10,868 5,962 70,818 68,510 Equipment, Furniture and Machinery 73,000 18,250 57 - - 57 18,193 170,000 43,344 Maintenance Projects - - - - - - - - - Administrative Costs 1,968,134 492,034 4,146 - 418,303 422,449 69,585 1,254,574 1,119,298 Indirect Costs 1,486,285 371,572 216,379 - - 216,379 155,193 1,330,587 1,415,086 6,464,351 1,616,091 562,071 37,180 522,922 1,122,174 493,917 5,628,703 4,902,699 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Bradley Lake Operating Labor & Benefits 107,604 26,901 18,450 - - 18,450 8,451 107,453 99,339 Travel 10,450 2,613 - - - - 2,613 10,450 408 Training 9,300 2,325 - - - - 2,325 9,300 2,076 Contractual 11,000 2,750 - - - - 2,750 11,000 - Supplies & Materials 4,000 1,000 - - - - 1,000 4,000 3,082 Administrative Costs - - - - - - - - (9,745) Indirect Costs 155,698 38,925 25,869 - - 25,869 13,056 155,698 138,722 Bradley Lake Operating Total 298,052 74,514 44,318 - - 44,318 30,196 297,901 233,883 FERC 535 - Operation Supervision & Engineering Total 298,052 74,514 44,318 - - 44,318 30,196 297,901 233,883 FERC 537 - Hydraulic Expenses Hydraulic Expenses Bradley Lake Operating Labor & Benefits 84,192 21,048 11,142 - - 11,142 9,906 84,192 77,210 Travel 8,000 2,000 - - - - 2,000 10,000 129 Contractual 73,000 18,250 - - - - 18,250 (37,000) 32,071 Contractual - Design Services - - - - - - - 59,000 - Supplies & Materials 16,000 4,000 - - - - 4,000 59,000 2,297 Equipment, Furniture and Machinery 39,000 9,750 - - - - 9,750 32,000 - Administrative Costs - - - - - - - - (8,712) Indirect Costs 114,320 28,580 16,216 - - 16,216 12,364 114,320 106,091 Bradley Lake Operating Total 334,512 83,628 27,358 - - 27,358 56,270 321,512 209,086 Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - FERC 537 - Hydraulic Expenses Total 334,512 83,628 27,358 - - 27,358 56,270 321,512 209,086 FERC 538 - Electric Expenses Electric Expenses Bradley Lake Operating Labor & Benefits 218,044 54,511 33,844 - - 33,844 20,667 218,044 251,924 Travel 7,000 1,750 - - - - 1,750 7,000 110 Training 25,000 6,250 4,365 - - 4,365 1,885 25,000 23,398 Contractual 5,000 1,250 - - - - 1,250 2,000 - Supplies & Materials 42,732 10,683 - - - - 10,683 41,732 23,771 Other Costs - - - - - - - 5,000 2,102 Equipment, Furniture and Machinery 11,000 2,750 - - - - 2,750 73,000 30,979 Administrative Costs - - - - - - - - (25,026) Indirect Costs 262,004 65,501 41,490 - - 41,490 24,011 262,004 293,373 Bradley Lake Operating Total 570,780 142,695 79,699 - - 79,699 62,996 633,780 600,630 FERC 538 - Electric Expenses Total 570,780 142,695 79,699 - - 79,699 62,996 633,780 600,630 Page 4 of 19 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 09/30/2021 FY 22 FY 21 FY22 Approved Budget BUDGET % 07/01/2021 - 09/30/2021 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY21 Approved Budget FY21 Actual FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Bradley Lake Operating Labor & Benefits 104,788 26,197 11,142 - - 11,142 15,055 105,047 76,187 Training 15,000 3,750 - - - - 3,750 15,000 - Contractual 287,525 71,881 33,392 - - 33,392 38,489 287,525 251,983 Supplies & Materials 17,900 4,475 3,388 - - 3,388 1,087 17,900 28,574 Other Costs - - - - - - - 65,468 - Administrative Costs - - - - - - - - (21,052) Indirect Costs 114,320 28,580 16,216 - - 16,216 12,364 114,320 104,693 Bradley Lake Operating Total 539,533 134,883 64,138 - - 64,138 70,745 605,260 440,386 BRADLEY CIRCUITS/RADIO TO BERNICE LK Other Costs 35,695 8,924 5,949 - - 5,949 2,975 - 35,696 BRADLEY CIRCUITS/RADIO TO BERNICE LK Total 35,695 8,924 5,949 - - 5,949 2,975 - 35,696 BRADLEY CIRCUITS BERNICE LK TO ANCH Other Costs 29,773 7,443 - 4,919 - 4,919 2,524 - 29,162 BRADLEY CIRCUITS BERNICE LK TO ANCH Total 29,773 7,443 - 4,919 - 4,919 2,524 - 29,162 FERC 539 - Misc. Hydraulic Power Generation Expenses Total 605,001 151,250 70,087 4,919 - 75,006 76,244 605,260 505,244 FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Bradley Lake Operating Labor & Benefits 114,758 28,690 18,450 - - 18,450 10,240 270,154 98,215 Administrative Costs - - - - - - - - (9,493) Indirect Costs 155,698 38,925 25,869 - - 25,869 13,056 - 139,106 Bradley Lake Operating Total 270,456 67,615 44,318 - - 44,318 23,297 270,154 227,829 FERC 541 - Maintenance Supervision & Engineering Total 270,456 67,615 44,318 - - 44,318 23,297 270,154 227,829 FERC 542 - Maintenance of Structures Maintenance of Structures Bradley Lake Operating Labor & Benefits 77,639 19,410 10,468 - - 10,468 8,942 77,639 77,611 Contractual 89,000 22,250 18,306 - - 18,306 3,944 59,000 41,592 Supplies & Materials 243,713 60,928 9,482 - - 9,482 51,446 100,713 56,277 Equipment, Furniture and Machinery 23,000 5,750 57 - - 57 5,693 52,000 12,365 Administrative Costs - - - - - - - - (11,689) Indirect Costs 105,421 26,355 15,261 - - 15,261 11,094 105,421 104,384 Bradley Lake Operating Total 538,773 134,693 53,574 - - 53,574 81,119 394,773 280,540 FERC 542 - Maintenance of Structures Total 538,773 134,693 53,574 - - 53,574 81,119 394,773 280,540 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Bradley Lake Operating Labor & Benefits 40,744 10,186 - - - - 10,186 40,744 538 Travel 5,000 1,250 - - - - 1,250 5,000 - Contractual 6,500 1,625 - - - - 1,625 21,500 - Supplies & Materials 15,000 3,750 - - - - 3,750 15,000 - Administrative Costs - - - - - - - - (55) Indirect Costs 56,689 14,172 - - - - 14,172 56,689 833 Bradley Lake Operating Total 123,933 30,983 - - - - 30,983 138,933 1,316 BRADLEY POWER TUNNEL MAINT (Dam) Contractual 15,000 3,750 - - - - 3,750 - - BRADLEY POWER TUNNEL MAINT (Dam) Total 15,000 3,750 - - - - 3,750 - - FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total 138,933 34,733 - - - - 34,733 138,933 1,316 FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Bradley Lake Operating Labor & Benefits 309,110 77,278 41,586 - - 41,586 35,692 309,110 324,925 Travel 4,500 1,125 - - - - 1,125 4,500 - Contractual 49,000 12,250 18,125 - - 18,125 (5,875) 86,000 20,181 Supplies & Materials 30,000 7,500 870 - - 870 6,630 38,000 25,336 Administrative Costs - - - - - - - - (31,974) Indirect Costs 423,178 105,795 60,197 - - 60,197 45,598 423,178 428,904 Bradley Lake Operating Total 815,788 203,948 120,777 - - 120,777 83,171 860,788 767,372 FERC 544 - Maintenance of Electric Plant Total 815,788 203,948 120,777 - - 120,777 83,171 860,788 767,372 Page 5 of 19 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 09/30/2021 FY 22 FY 21 FY22 Approved Budget BUDGET % 07/01/2021 - 09/30/2021 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY21 Approved Budget FY21 Actual FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Bradley Lake Operating Labor & Benefits 69,297 17,324 10,468 - - 10,468 6,856 69,297 72,805 Contractual 3,900 975 - - - - 975 3,900 2,447 Supplies & Materials 34,000 8,500 8,043 - - 8,043 457 58,000 70,481 Administrative Costs - - - - - - - - (9,789) Indirect Costs 98,957 24,739 15,261 - - 15,261 9,478 98,957 98,981 Bradley Lake Operating Total 206,154 51,538 33,772 - - 33,772 17,766 230,154 234,926 FERC 545 - Maintenance of Misc. Hydraulic Plant Total 206,154 51,538 33,772 - - 33,772 17,766 230,154 234,926 FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Bradley Lake Operating Labor & Benefits 19,708 4,927 - - - - 4,927 21,140 16,879 Contractual 53,000 13,250 44,758 - - 44,758 (31,508) 53,000 5,010 Supplies & Materials 6,000 1,500 3,735 - - 3,735 (2,235) 6,000 3,040 Administrative Costs - - - - - - - - (997) Bradley Lake Operating Total 78,708 19,677 48,493 - - 48,493 (28,816) 80,140 23,932 Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - Snow Measurement Bradley Lake Operating Contractual 10,000 2,500 - - - - 2,500 10,000 10,000 Administrative Costs - - - - - - - - (400) Bradley Lake Operating Total 10,000 2,500 - - - - 2,500 10,000 9,600 Seismic Service Bradley Lake Operating Contractual 62,000 15,500 - - 17,023 17,023 (1,523) 62,000 65,045 Administrative Costs - - - - - - - - (2,392) Bradley Lake Operating Total 62,000 15,500 - - 17,023 17,023 (1,523) 62,000 62,653 Streamguaging Serv Bradley Lake Operating Contractual 218,000 54,500 - - 49,347 49,347 5,153 183,615 193,615 Administrative Costs - - - - - - - - (7,745) Bradley Lake Operating Total 218,000 54,500 - - 49,347 49,347 5,153 183,615 185,870 Permits Bradley Lake Operating Other Costs 350 88 - - - - 88 350 1,550 Administrative Costs - - - - - - - - (62) Bradley Lake Operating Total 350 88 - - - - 88 350 1,488 FERC 556 - System Control & Load Dispatching Total 369,058 92,265 48,493 - 66,370 114,863 (22,598) 336,105 283,544 FERC 562 - Station Expenses Station Expenses Bradley Lake Operating Labor & Benefits 134,147 33,537 4,454 31,446 - 35,900 (2,363) 83,010 49,729 Travel 3,500 875 - 252 - 252 623 4,500 53 Contractual 61,600 15,400 15,037 - - 15,037 363 1,800 54,752 Supplies & Materials 15,000 3,750 - 563 - 563 3,187 44,000 724 Other Costs 1,500 375 - - - - 375 - - Equipment, Furniture and Machinery - - - - - - - 13,000 - Administrative Costs - - - - - - - - (4,210) Bradley Lake Operating Total 215,747 53,937 19,491 32,262 - 51,753 2,184 146,310 101,048 FERC 562 - Station Expenses Total 215,747 53,937 19,491 32,262 - 51,753 2,184 146,310 101,048 Page 6 of 19 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 09/30/2021 FY 22 FY 21 FY22 Approved Budget BUDGET % 07/01/2021 - 09/30/2021 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY21 Approved Budget FY21 Actual #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 27,963 6,991 1,977 - - 1,977 5,014 27,459 1,577 Contractual 100,000 25,000 12,500 - - 12,500 12,500 100,000 99,378 Supplies & Materials 5,000 1,250 1,561 - - 1,561 (311) 5,000 - Administrative Costs - - - - - - - - (4,038) Bradley Lake Operating Total 132,963 33,241 16,038 - - 16,038 17,203 132,459 96,916 FERC 571 - Maintenance of Overhead Lines Total 132,963 33,241 16,038 - - 16,038 17,203 132,459 96,916 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Bradley Lake Operating AIDEA Staff Professional Services (Direct) - - - - 37,974 37,974 (37,974) - 94,811 Travel - - - - - - - 3,500 1,029 Consulting-Administrative - - - - 275 275 (275) 2,500 3,095 Administrative Costs 85,790 21,448 - - 13,343 13,343 8,105 19,755 91,681 Bradley Lake Operating Total 85,790 21,448 - - 51,592 51,592 (30,144) 25,755 190,615 Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - Battle Creek Operating Battle Creek Operating Total - - - - - - - - - SHARED - AEA Bradley Lake Administrative Costs - - - - - - - - 70,742 SHARED - AEA Bradley Lake Total - - - - - - - - 70,742 Operating Committee Exp-Audit Bradley Lake Operating Administrative Costs 19,900 4,975 - - - - 4,975 19,900 21,120 Bradley Lake Operating Total 19,900 4,975 - - - - 4,975 19,900 21,120 Operating Committee Exp-Legal Bradley Lake Operating Administrative Costs 70,000 17,500 - - 45,837 45,837 (28,337) 70,000 56,915 Bradley Lake Operating Total 70,000 17,500 - - 45,837 45,837 (28,337) 70,000 56,915 Operat Committee Exp-Arbitrage Bradley Lake Operating Administrative Costs 5,000 1,250 - - 35 35 1,215 5,000 2,818 Bradley Lake Operating Total 5,000 1,250 - - 35 35 1,215 5,000 2,818 Trust & Account Fees Bradley Lake Operating Administrative Costs 13,000 3,250 - - - - 3,250 13,000 11,441 Bradley Lake Operating Total 13,000 3,250 - - - - 3,250 13,000 11,441 Misc Admin Bradley Lake Operating Administrative Costs 12,000 3,000 - - 460 460 2,540 18,900 18,202 Bradley Lake Operating Total 12,000 3,000 - - 460 460 2,540 18,900 18,202 FERC 920 & 930 - Administrative Expense Total 205,690 51,423 - - 97,924 97,924 (46,501) 152,555 371,853 Page 7 of 19 ALASKA ENERGY AUTHORITY BRADLEY LAKE OPERATIONS & MAINTENANCE SCHEDULE B BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 09/30/2021 FY 22 FY 21 FY22 Approved Budget BUDGET % 07/01/2021 - 09/30/2021 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY21 Approved Budget FY21 Actual FERC 924 & 925 - Insurance Premiums Insurance Premiums Bradley Lake Operating Administrative Costs 1,382,444 345,611 4,146 - 313,380 317,525 28,086 748,019 680,076 Bradley Lake Operating Total 1,382,444 345,611 4,146 - 313,380 317,525 28,086 748,019 680,076 Risk Management Bradley Lake Operating Administrative Costs 25,000 6,250 - - - - 6,250 - - Bradley Lake Operating Total 25,000 6,250 - - - - 6,250 - - FERC 924 & 925 - Insurance Premiums Total 1,407,444 351,861 4,146 - 313,380 317,525 34,336 748,019 680,076 FERC 928 - Regulatory Commission Expenses FERC Admin Fees Bradley Lake Operating Administrative Costs 150,000 37,500 - - - - 37,500 175,000 156,071 Bradley Lake Operating Total 150,000 37,500 - - - - 37,500 175,000 156,071 FERC Related Prof Services Bradley Lake Operating Administrative Costs - - - - - - - - (6,567) Bradley Lake Operating Total - - - - - - - - (6,567) BRADLEY FERC PART 12 INSPECTION Administrative Costs 25,000 6,250 - - - - 6,250 75,000 42,396 BRADLEY FERC PART 12 INSPECTION Total 25,000 6,250 - - - - 6,250 75,000 42,396 BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Administrative Costs 180,000 45,000 - - 45,249 45,249 (249) 110,000 121,783 BRADLEY CONTRACTUAL ENGINEER-FERC LICENSE ISSUES Total 180,000 45,000 - - 45,249 45,249 (249) 110,000 121,783 FERC 928 - Regulatory Commission Expenses Total 355,000 88,750 - - 45,249 45,249 43,501 360,000 313,682 Total Bradley Lake Budget 6,464,351 1,616,091 562,071 37,180 522,922 1,122,174 493,917 5,628,703 4,902,699 Page 8 of 19 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT OTHER PROJECT COSTS - BATTLE CREEK FY 2022 1st QUARTER REPORT FY2021 FY2022 FY2022 ACTUALS AMEND 3 ACTUALS BUDGET REVENUES, EXPENSES & CHANGES IN SURPLUS REVENUES UTILITY CONTRIBUTIONS 3,648,632 3,564,453 891,114 INTEREST INCOME 336 - 96 OTHER AVAILABLE FUNDS-Cap Reserve Transfer - - - 3,648,968 3,564,453 891,210 EXPENSES BATTLE CREEK OPERATIONS & MAINTENANCE- Sch F 475,700 399,610 21,017 RENEWALS/REPLACE (R&C) PAYMENTS-Sch D 934,898 1,104,000 276,000 NON R&C CAPITAL PURCHASES -Sch E 7,913 115,000 11,217 TRANSFERS TO(FROM)OPERATING RESERVE 124,322 (29,621) (29,621) DEBT SERVICE 3,130,353 3,064,883 - IRS SUBSIDY (1,131,617) (1,089,419) - CAPITAL RESERVE CONTRIBUTION 107,399 - - TRANSFER TO ARBITRAGE - - - 3,648,968 3,564,453 278,613 CURRENT YEAR SURPLUS(DEFICIT) - - 612,596 COMMITTED CY EXP & DEBT SVC - - (612,596) ENDING SURPLUS (DEFICIT)- - - BALANCE SHEET ASSETS REVENUE FUND 2,227,067 - 2,771,997 OPERATING FUND 268,464 - 368,364 DUE FROM CAPITAL RESERVE FUND - - - DUE FROM R&C 169,102 - 169,102 OTHER RECEIVABLE - - - PREPAID - - - 2,664,633 - 3,309,463 LIABILITIES & SURPLUS CURRENT LIABILITIES 356,030 - 388,264 UNEARNED REVENUE - - - DUE TO OP RESERVE - - - DUE TO R&C - - - COMMITTED CY EXP & DEBT SVC - - 612,596 2,139,501 2,139,501 169,102 - 169,102 2,664,633 - 3,309,463 OTHER INFORMATION OPERATING RESERVE 109,543 79,922 79,922 MONTHLY CONTRIBUTIONS 661,915 297,038 297,038 PAYABLE TO UTILITIES O&M PAYABLE TO UTILITIES R&C Page 9 of 19 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Battle Creek Capital Purchases Schedule E Expenses for the period 07/01/21 to 09/30/21 FY21 FY22 FY22 Actual Budget Actual Used 2007 Chevrolet Silverado Used 2006 Chevrolet Silverado Battle Creek Diversion Battle Creek Associated Costs 15,000 7,327.56 Vent Enlargment 50,000 2,567.67 Pressure Sensor w SCADA 25,000 Power feed to LBC Bridge 7,913 25,000 1,322 Total capital revenue fund purchases 7,913 115,000 11,217 Battle Creek Capital Purchases Page 10 of 19 ALASKA ENERGY AUTHORITY BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 09/30/2021 FY 22 FY 21 FY22 Approved Budget BUDGET % 07/01/202 1 - 09/30/202 1 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY21 Approved Budget FY21 Actual Summary by expense type Direct Purchases/Travel - - - - - - - - 2,174 AIDEA Staff Professional Services (Direct) - - - - 5,966 5,966 (5,966) - 22,840 Contractual 126,000 31,500 - - 11,250 11,250 20,250 111,000 82,481 Administrative Costs 273,610 68,403 - - 3,801 3,801 64,602 436,714 368,204 399,610 99,903 - - 21,017 21,017 78,886 547,714 475,700 FERC 535 - Operation Supervision & Engineering Operations Sup/Eng Battle Creek Operating Administrative Costs - - - - - - - - 9,745 Battle Creek Operating Total - - - - - - - - 9,745 FERC 535 - Operation Supervision & Engineering Total - - - - - - - - 9,745 FERC 537 - Hydraulic Expenses Hydraulic Expenses Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - Battle Creek Operating Contractual 81,000 20,250 - - - - 20,250 66,000 37,481 Administrative Costs - - - - - - - - 8,712 Battle Creek Operating Total 81,000 20,250 - - - - 20,250 66,000 46,193 FERC 537 - Hydraulic Expenses Total 81,000 20,250 - - - - 20,250 66,000 46,193 FERC 538 - Electric Expenses Electric Expenses Battle Creek Operating Administrative Costs - - - - - - - - 25,026 Battle Creek Operating Total - - - - - - - - 25,026 FERC 538 - Electric Expenses Total - - - - - - - - 25,026 FERC 539 - Misc. Hydraulic Power Generation Expenses Misc Hydro Power Exp Battle Creek Operating Administrative Costs - - - - - - - - 21,052 Battle Creek Operating Total - - - - - - - - 21,052 FERC 539 - Misc. Hydraulic Power Generation Expenses Total - - - - - - - - 21,052 FERC 541 - Maintenance Supervision & Engineering Maint Supervision/Eng Battle Creek Operating Administrative Costs - - - - - - - - 9,493 Battle Creek Operating Total - - - - - - - - 9,493 FERC 541 - Maintenance Supervision & Engineering Total - - - - - - - - 9,493 FERC 542 - Maintenance of Structures Maintenance of Structures Battle Creek Operating Administrative Costs - - - - - - - - 11,689 Battle Creek Operating Total - - - - - - - - 11,689 FERC 542 - Maintenance of Structures Total - - - - - - - - 11,689 Page 11 of 19 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 09/30/2021 FY 22 FY 21 FY22 Approved Budget BUDGET % 07/01/202 1 - 09/30/202 1 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY21 Approved Budget FY21 Actual FERC 543 - Maintenance of Reservoirs, Dams & Waterways Maint Res, Dams, WWays Battle Creek Operating Administrative Costs - - - - - - - - 55 Battle Creek Operating Total - - - - - - - - 55 FERC 543 - Maintenance of Reservoirs, Dams & Waterways Total - - - - - - - - 55 FERC 544 - Maintenance of Electric Plant Maintenance of Elec Plant Battle Creek Operating Administrative Costs - - - - - - - - 31,974 Battle Creek Operating Total - - - - - - - - 31,974 FERC 544 - Maintenance of Electric Plant Total - - - - - - - - 31,974 FERC 545 - Maintenance of Misc. Hydraulic Plant Maint of Misc Hydr Plant Battle Creek Operating Administrative Costs - - - - - - - - 9,789 Battle Creek Operating Total - - - - - - - - 9,789 FERC 545 - Maintenance of Misc. Hydraulic Plant Total - - - - - - - - 9,789 FERC 556 - System Control & Load Dispatching System Cntl & Load Disp Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - Battle Creek Operating Administrative Costs - - - - - - - - 997 Battle Creek Operating Total - - - - - - - - 997 Snow Measurement Battle Creek Operating Administrative Costs - - - - - - - - 400 Battle Creek Operating Total - - - - - - - - 400 Seismic Service Battle Creek Operating Administrative Costs - - - - - - - - 2,392 Battle Creek Operating Total - - - - - - - - 2,392 Streamguaging Serv Bradley Battle Creek Diversion Contractual - - - - - - - - 11,250 Bradley Battle Creek Diversion Total - - - - - - - - 11,250 Battle Creek Operating Contractual 45,000 11,250 - - 11,250 11,250 - 45,000 33,750 Administrative Costs - - - - - - - - 7,745 Battle Creek Operating Total 45,000 11,250 - - 11,250 11,250 - 45,000 41,495 Permits Battle Creek Operating Administrative Costs - - - - - - - - 62 Battle Creek Operating Total - - - - - - - - 62 FERC 556 - System Control & Load Dispatching Total 45,000 11,250 - - 11,250 11,250 - 45,000 56,596 FERC 562 - Station Expenses Station Expenses Battle Creek Operating Administrative Costs - - - - - - - - 4,210 Battle Creek Operating Total - - - - - - - - 4,210 FERC 562 - Station Expenses Total - - - - - - - - 4,210 Page 12 of 19 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 09/30/2021 FY 22 FY 21 FY22 Approved Budget BUDGET % 07/01/202 1 - 09/30/202 1 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY21 Approved Budget FY21 Actual FERC 571 - Maintenance of Overhead Lines Maint of OH Lines Battle Creek Operating Administrative Costs - - - - - - - - 4,038 Battle Creek Operating Total - - - - - - - - 4,038 FERC 571 - Maintenance of Overhead Lines Total - - - - - - - - 4,038 FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - Battle Creek Operating Direct Purchases/Travel - - - - - - - - 574 AIDEA Staff Professional Services (Direct) - - - - 5,966 5,966 (5,966) - 22,840 Administrative Costs 261,710 65,428 - - 2,801 2,801 62,627 314,664 33,197 Battle Creek Operating Total 261,710 65,428 - - 8,767 8,767 56,661 314,664 56,611 SHARED - AEA Battle Creek Administrative Costs - - - - - - - - 32,641 SHARED - AEA Battle Creek Total - - - - - - - - 32,641 Operating Committee Exp-Audit Battle Creek Operating Administrative Costs - - - - - - - - 880 Battle Creek Operating Total - - - - - - - - 880 Operating Committee Exp-Legal Bradley Battle Creek Diversion Administrative Costs - - - - - - - - 86 Bradley Battle Creek Diversion Total - - - - - - - - 86 Battle Creek Operating Administrative Costs 5,000 1,250 - - - - 1,250 30,000 19,844 Battle Creek Operating Total 5,000 1,250 - - - - 1,250 30,000 19,844 Operat Committee Exp-Arbitrage Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - Battle Creek Operating Administrative Costs 2,000 500 - - - - 500 2,000 1,807 Battle Creek Operating Total 2,000 500 - - - - 500 2,000 1,807 Trust & Account Fees Bradley Battle Creek Diversion Administrative Costs - - - - 1,000 1,000 (1,000) - - Bradley Battle Creek Diversion Total - - - - 1,000 1,000 (1,000) - - Battle Creek Operating Administrative Costs 4,800 1,200 - - - - 1,200 8,800 8,077 Battle Creek Operating Total 4,800 1,200 - - - - 1,200 8,800 8,077 Misc Admin Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - Battle Creek Operating Direct Purchases/Travel - - - - - - - - 1,600 Administrative Costs 100 25 - - - - 25 100 24,922 Battle Creek Operating Total 100 25 - - - - 25 100 26,522 Professional consultants Bradley Battle Creek Diversion Bradley Battle Creek Diversion Total - - - - - - - - - Battle Creek Operating Administrative Costs - - - - - - - 81,150 57,963 Battle Creek Operating Total - - - - - - - 81,150 57,963 FERC 920 & 930 - Administrative Expense Total 273,610 68,403 - - 9,767 9,767 58,636 436,714 204,431 Page 13 of 19 BATTLE CREEK OPERATIONS & MAINTENANCE SCHEDULE F BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 09/30/2021 FY 22 FY 21 FY22 Approved Budget BUDGET % 07/01/202 1 - 09/30/202 1 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY21 Approved Budget FY21 Actual FERC 924 & 925 - Insurance Premiums Insurance Premiums Battle Creek Operating Administrative Costs - - - - - - - - 28,339 Battle Creek Operating Total - - - - - - - - 28,339 FERC 924 & 925 - Insurance Premiums Total - - - - - - - - 28,339 FERC 928 - Regulatory Commission Expenses FERC Admin Fees Battle Creek Operating Administrative Costs - - - - - - - - 6,503 Battle Creek Operating Total - - - - - - - - 6,503 FERC Related Prof Services Battle Creek Operating Administrative Costs - - - - - - - - 6,567 Battle Creek Operating Total - - - - - - - - 6,567 FERC 928 - Regulatory Commission Expenses Total - - - - - - - - 13,070 Total Bradley Lake Budget 399,610 99,903 - - 21,017 21,017 78,886 547,714 475,700 Page 14 of 19 ALASKA ENERGY AUTHORITY BRADLEY LAKE SQ LINE FY2021 FY2022 FY2022 FY 2022 1st QUARTER REPORT ACTUALS Amend 3 ACTUALS BUDGET Actuals ACTUALS REVENUES, EXPENSES & CHANGES IN SURPLUS REVENUES UTILITY CONTRIBUTIONS 68,209 1,249,428 124,857 INTEREST INCOME - - 62 OTHER AVAILABLE FUNDS-Cap Reserve Transfer - 1,559,492 1,559,492 68,209 2,808,920 1,684,411 EXPENSES SQ LINE OPERATIONS & MAINTENANCE- Sch I 19,053 444,523 6,251 RENEWALS/REPLACE (R&C) PAYMENTS-Sch D - - - NON R&C CAPITAL PURCHASES -Sch H 49,156 750,000 139,914 TRANSFERS TO(FROM)OPERATING RESERVE - 54,905 54,905 DEBT SERVICE - 1,559,492 370,222 IRS SUBSIDY - - - CAPITAL RESERVE CONTRIBUTION - - - TRANSFER TO ARBITRAGE - - - 68,209 2,808,920 571,292 CURRENT YEAR SURPLUS(DEFICIT) - - 1,113,119 COMMITTED CY EXP & DEBT SVC - - (1,113,119) ENDING SURPLUS (DEFICIT)- - - BALANCE SHEET ASSETS REVENUE FUND - 1,148,281 OPERATING FUND 170,000 - 281,134 DUE FROM CAPITAL RESERVE FUND - - - DUE FROM R&C - - - OTHER RECEIVABLE - - - PREPAID - - - 170,000 - 1,429,416 LIABILITIES & SURPLUS CURRENT LIABILITIES - - 146,297 UNEARNED REVENUE - - - DUE TO OP RESERVE - - - DUE TO BRADLEY REVENUE FUND 170,000 - 170,000 COMMITTED CY EXP & DEBT SVC - - 1,113,119 - - - - - - 170,000 - 1,429,416 OTHER INFORMATION OPERATING RESERVE - 88,905 79,922 MONTHLY CONTRIBUTIONS - 104,119 99,013 PAYABLE TO UTILITIES O&M PAYABLE TO UTILITIES R&C Page 15 of 19 ALASKA ENERGY AUTHORITY BRADLEY LAKE HYDROELECTRIC PROJECT Schedule H Expenses for the period 07/01/21 to 09/30/21 FY20 FY21 FY22 FY22 Actuals Actuals Budget Actual SQ Line Access Documentation 3,127 136,925 SSQ Line Due Diligence Inspect/Repair O/S Fire ZNE 2,988 SQ Line Acquisition Costs 46,029 0 SQ Soldotna-Qtz Ck 230kV Construction 750,000 Total Non R&C Capital Purchases - 49,156 750,000 139,914 Capital Project Description Page 16 of 19 ALASKA ENERGY AUTHORITY SSQ LINE OPERATIONS & MAINTENANCE SCHEDULE I BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 09/30/2021 FY 22 FY 21 FY22 Approved Budget BUDGET % 07/01/202 1 - 09/30/202 1 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY21 Approved Budget FY21 Actual Summary by expense type AIDEA Staff Professional Services (Direct) - - - - 4,532 4,532 (4,532) - 8,607 Labor & Benefits 85,820 21,455 - - - - 21,455 32,500 - Contractual 250,000 62,500 - - - - 62,500 110,000 - Supplies & Materials 56,992 14,248 - - - - 14,248 7,500 - Other Costs 7,711 1,928 - - - - 1,928 - - Administrative Costs 44,000 11,000 - - 1,720 1,720 9,280 20,000 10,446 444,523 111,131 - - 6,251 6,251 104,880 170,000 19,053 FERC 540 - Rents FERC Land Use Fee SSQ Line Operating SSQ Line Operating Total - - - - - - - - - FERC 540 - Rents Total - - - - - - - - - FERC 571 - Maintenance of Overhead Lines Maint of OH Lines SSQ Line Operating Labor & Benefits 85,820 21,455 - - - - 21,455 32,500 - Contractual 250,000 62,500 - - - - 62,500 110,000 - Supplies & Materials 56,992 14,248 - - - - 14,248 7,500 - Other Costs 7,711 1,928 - - - - 1,928 - - SSQ Line Operating Total 400,523 100,131 - - - - 100,131 150,000 - FERC 571 - Maintenance of Overhead Lines Total 400,523 100,131 - - - - 100,131 150,000 - Page 17 of 19 ALASKA ENERGY AUTHORITY SSQ LINE OPERATIONS & MAINTENANCE SCHEDULE I BUDGET TO ACTUAL EXPENSES FOR THE PERIOD 07/01/2021 THROUGH 09/30/2021 FY 22 FY 21 FY22 Approved Budget BUDGET % 07/01/202 1 - 09/30/202 1 HEA Actual CEA Actual AEA Actual Total Actual (Over) Under Budget to Date FY21 Approved Budget FY21 Actual FERC 920 & 930 - Administrative Expense AEA Bradley Fixed Admin Fees SSQ Capital Acquisition AIDEA Staff Professional Services (Direct) - - - - 716 716 (716) - - SSQ Capital Acquisition Total - - - - 716 716 (716) - - SSQ Line Operating AIDEA Staff Professional Services (Direct) - - - - 3,815 3,815 (3,815) - 8,607 Administrative Costs 42,000 10,500 - - 1,720 1,720 8,780 20,000 1,587 SSQ Line Operating Total 42,000 10,500 - - 5,535 5,535 4,965 20,000 10,194 SHARED - AEA Bradley Lake Administrative Costs - - - - - - - - 5,487 SHARED - AEA Bradley Lake Total - - - - - - - - 5,487 Operating Committee Exp-Legal SSQ Line Operating Administrative Costs - - - - - - - - 3,316 SSQ Line Operating Total - - - - - - - - 3,316 Trust & Account Fees SSQ Line Operating Administrative Costs 2,000 500 - - - - 500 - - SSQ Line Operating Total 2,000 500 - - - - 500 - - FERC 920 & 930 - Administrative Expense Total 44,000 11,000 - - 6,251 6,251 4,749 20,000 18,997 FERC 924 & 925 - Insurance Premiums Insurance Premiums SSQ Line Operating Administrative Costs - - - - - - - - 56 SSQ Line Operating Total - - - - - - - - 56 FERC 924 & 925 - Insurance Premiums Total - - - - - - - - 56 FERC 928 - Regulatory Commission Expenses FERC Admin Fees SSQ Line Operating SSQ Line Operating Total - - - - - - - - - FERC 928 - Regulatory Commission Expenses Total - - - - - - - - - Total Bradley Lake Budget 444,523 111,131 - - 6,251 6,251 104,880 170,000 19,053 Page 18 of 19 BRADLEY LAKE R&C FUND DISBURSEMENTS AND REPAYMENTS SCHEDULE D Expenses for the period 07/01/21 to 09/30/21 Actual Actual Actual Actual @ 6/30/21 TO REPAY @ 9/30/21 TO REPAY Budget Description Expense @6/30/21 Expense @9/30/21 FY22 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 64,452.15 105,631.24 2,887.77 108,519.01 150,000.00 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 0.00 953,212.71 0.00 953,212.71 0.00 Road Grader 0.00 0.00 0.00 0.00 0.00 Battle Creek Construction 3,739,590.93 3,739,590.93 0.00 3,739,590.93 0.00 Battle Creek Cash Call-Expended 750,000.00 750,000.00 0.00 750,000.00 0.00 Battle Creek Cash Call-Paid by Utilities (750,000.00) (750,000.00) 0.00 (750,000.00) 0.00 Needle Repairs 1,482,791.23 1,482,791.23 0.00 1,482,791.23 0.00 Construct additional residence 1,500.00 1,500.00 980,000.00 Spillway Raise & Expansion Project 4,422.96 4,422.96 500,000.00 0.00 0.00 5,286,834.31 32,307,392.30 8,810.73 32,316,203.03 1,630,000.00 Current Year R&C Repayment (2,209,060.11) (276,000.00) Adjust balance to $5 million 0.00 0.00 Interest in Fund Applied to Repayment (269,487.82) (41,308.51) Net Transfer from Revenue Fund (2,478,547.93) (317,308.51) Cumulative Prior Years R&C Repayments (25,518,390.50) (27,707,352.30) Due to (from) Utilities 289,586.13 (1,536,301.80) Adjust Due to R&C Actual 0.00 0.00 (25,228,804.37) (29,243,654.10) NET DUE TO R&C FUND 4,600,040.00 2,755,240.42 R&C FUND CASH FLOW PROJECTION Beginning Investment Balance 3,922,231.19 1,069,522.90 Disbursements-current year -Accrual (5,312,961.77) 0.00 Disbursements-prior year accrued 0.00 0.00 Utilities' R&C Refund (18,294.45) 0.00 Net other cash inflow(outflow) Current year interest earnings 269,487.82 41,308.51 Contributions to R&C Fund 2,209,060.11 276,000.00 Ending Investment Balance 1,069,522.90 1,386,831.41 Accrued Due to (from) Utilities (289,586.13) 1,246,715.67 Accrued R&C vendor Payable at Year End (379,976.77) (388,787.50) 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 $1,341,405.96 x 25% all 4 years 4th 335,351.49 $1,715,556.80 x 25% all 4 years 3rd 428,889.20 3rd 428,889.20 $412,050.13 x 25% all 4 years 2nd 103,012.53 2nd 103,012.53 $5,286,834 x 25% all 4 years 1st-BL-25% 386,810.85 2nd-BL-25% 386,810.85 1st BC-25% 934,897.73 2nd BC-25% 934,897.73 $1,6300,000 x 25% all 4 years (FY22 Budget)09/30/21 Actual 2,202.68 2,188,961.80 1,853,610.31 Page 19 of 19