LOGANSPORT MUNICIPAL UTILITIES

1 LOGANSPORTMUNICIPALUTILITIESL ogansport, SERVICE BOARDJay King, ChairmanMartin Monahan, Vice ChairmanMike Meagher, SecretaryMike Laird, MemberMark Bender, MemberMANAGEMENTPaul A. Hartman, SuperintendentLuAnn Davis, ControllerRobert Dunderman, Electric Distribution ManagerBrian DeWitt, Wastewater ManagerCameron Dillon, Water Department ManagerJulie Truax, Human Resources Manager2017 ANNUAL REPORTUTILITY SERVICE BOARDJay King, ChairmanMartin Monahan, Vice ChairmanMike Meagher, SecretaryMike Laird, MemberMark Bender, MemberMANAGEMENTPaul A. Hartman, SuperintendentLuAnn Davis, ControllerRobert Dunderman, Electric Distribution ManagerBrian DeWitt, Wastewater ManagerCameron Dillon, Water Department ManagerJulie Truax, Human Resources Manager2017 ANNUAL TERM INDEBTEDNESS AS OF DECEMBER 31, 2017 OUTSTANDINGBONDS ISSUED BONDS RETIREDREVENUE BONDSINTEREST PAIDAS OFDURINGDURINGOUTSTANDING ASDURINGJ anuary 1, 201720172017OF 12/31/172017 ELECTRIC UTILITY-$ -$ -$ -$ -$ WATER UTILITY1,312, $-$ 201, $1,111, $36, $ SEWAGE UTILITY1,072, $-$ 224, $848, $ 27, $ STORMWATER13,830, $-$ 685, $13,145, $208, $ TOTALS16,214, $-$ 1.

2 110, $15,104, $273, $ This is to certify that the data contained in this report is accurate to the best of my knowledge and TERM INDEBTEDNESSAs of December 31, DEPARTMENT BALANCE SHEETD ecember 31, 2017 ASSETS5, $ 2,614, $62, $ 2,677, $ -$ -$ 1,322, $1,322, ,464, $-$ -$ -$ 3,039, $277, $ -$ 25, $ 177, $ 5,984, ,989, $85,456, $170, $ 85,626, ,884, ,742, $30,731, $ CURRENT ASSETS: Accounts Receivable-Customers .. Accounts Prepaid Expenses INVESTMENTS: Operating Fund (Savings) .. Bond Sinking Bond Construction Fund (Investment).

3 Depreciation Banked Vacation .. Employee Insurance Reserve .. Restricted Customer Total Current FIXED ASSETS: Plant in Service .. Construction Work in Less: Reserve for Net TOTAL DEPARTMENT BALANCE SHEETD ecember 31, DEPARTMENT BALANCE SHEET (Continued)December 31, 2017 LIABILITIES CURRENT LIABILITIES:2,361, $ -$ 407, $ 407, , ,947, $ 6,527, $ -$ 17,940, $3,316, $ $21,257, TOTAL LIABILITIES30,731, $ Accounts Current Portion (Bonds).. Accrued Customer Total Current Contributions in Aid .. Long Earned Current Year DEPARTMENT BALANCE SHEET (Continued)December 31, DEPARTMENT INCOME STATEMENTJ anuary 1, 2017 to December 31, 201737,124, $93, , , ,039, , ,558, $78, $ 29,685, ,158, ,015, , ,536, ,242, $3,316, $REVENUES: Electric Customer Customer Service Interest Fuel Adjustments Revenues.

4 Miscellaneous : Steam Power Purchased Distribution Administration & General Payroll & Revenue Receipts Interest Expense .. Depreciation ..INCOME TRANSFERRED TO DEPARTMENT INCOME STATEMENTJ anuary 1, 2017 to December 31, DEPARTMENT CASH FLOW ANALYSISJ anuary 1, 2017 to December 31, 2017(292, )$ 40,779, $25, $ 275, $ 216, $ 41,296, $.41,004, $3,236, $2,783, $29,685, $-$ (1,020, )$36,726, $4,277, $(4, )$ 501, $ 497, $ 3,780, $1,310, $2,469, $2,469, $Operating Cash Balance 1/01/17 SOURCE OF FUNDS: Net Revenue Interest from Misc. Non-Operating Revenues .. Contributions in Aid .. Total Cash USE OF FUNDS: Operation & Maintenance Administrative & General Purchased Coal, Oil and Less: Increase in Payables & Accruals.

5 Cash Available after Prepayments & Capital Net Cash Available from Transfer to Cash in Bank 12/31/17 .. Invested 12/31 DEPARTMENT CASH FLOW ANALYSISJ anuary 1, 2017 to December 31, DEPARTMENT CASH BALANCESD ecember 31, 201720162017 CASH BALANCES:(292, )$2,469, $1,506, $3,039, $262, $ 277, $ 275, $ 25, $ 165, $ 177, $ -$ -$ Cash Operating Depreciation Banked Vacation .. Insurance Restricted Customer Construction DEPARTMENT CASH BALANCESD ecember 31, DEPARTMENT INVESTMENT BALANCESJANUARY 1, 2017 TO DECEMBER 31, 20171,506, $ RECEIPTS:1,510, $23, $ 1,533, $3,039, $-$ -$ 3,039, $275, $ RECEIPTS:-$ $ $ 275, $ 250, $ -$ 25, $ 165, $ RECEIPTS:10, $ 1, $ 12, $ 177, $ -$ -$ 177, $ -$ RECEIPTS.

6 -$ -$ -$ -$ -$ -$ ELECTRIC DEPRECIATION AND REPLACEMENT: Balance, January 1, Interest Total Balance and Disbursements .. Balance, December 31, INSURANCE RESERVE: Balance, January 1, Interest Total Balance and Disbursements .. Balance, December 31, CUSTOMER DEPOSITS: Balance, January 1, Interest Total Balance & Disbursements .. Balance, Dece mber 31, CONSTRUCTION: Balance, January 1, Interest Total Balance & Disbursements .. Balance, December 31, DEPARTMENT INVESTMENT BALANCESJ anuary 1, 2017 to December 31, DEPARTMENT 2017 ANNUAL STATISTICS REPORTK ilowatt Hours Produced by MonthGENERATEDPURCHASEDTOTAL037,061,2873 7,061,287031,986,53031,986,530035,198,92 135,198,921031,325,52631,325,526034,429, 42434,429,424038,843,07038,843,070042,19 5,50442,195,504039,790,73139,790,731035, 948,58435,948,584034,913,30134,913,30103 4,620,15234,620,152037,214,88237,214,882 0433,527,912433,527,9120000433,527,91243 3,527, MILLS20162017431,583,192414,490,0300%100 %$ 85,124, $ 85,456, $ $ 170, $ $ ,51912.

7 SEPTEMBER .. GROSS USED BY LIGHT PLANT .. NET Energy Delivered to of Energy Purchased ..Property/Plant Number of Meters in DEPARTMENT 2017 ANNUAL STATISTICS REPORTK ilowatt Hours Produced by ELECTRIC TRANSMISSION/DISTRIBUTION SYSTEMS STATISTICSAs of December 31, 20172017 STREET LIGHTS201620171,9332,12537237210 (Boulders) 10 (Boulders)11 (Chase Rd.) 11 (Chase Rd.)192036336377171171550103,0643,053201 7 UTILITY Watt High Pressure Watt High Pressure Watt High Pressure Watt High Pressure Watt Mercury Watt High Pressure Watt Mercury Watt Pressure Sodium LED Lights (Eel River Avenue)..135 LED Lights (West St.) ..Total Lights13 LMU ELECTRIC TRANSMISSION/DISTRIBUTION SYSTEMS STATISTICSAs of December 31, METERING TOTALSJan Feb Mar Apr May June July Aug Sept Oct Nov Dec TOTALS ervice Turn Ons41 37 72 61 64 81 70 114 77 92 66 43818 Service Turn Offs31 37 37 45 49 62 61 66 53 57 47 31576 Service Cuts100 99 74 86 130 101 110 169 141 141 103 64 1,318 Service Reinstate69 68 60 72 77 77 75 136 105 115 66 43963 Reads104 125 138 120 123 137 123 156 146 110 115 104 1.

8 501Re-Reads149 71 50 81 64 52 70 60 29 44 59 40769 Single Phase Test97 133 147 94 186 162 119 143 227 202 132 198 1,840 Three Phase Bench Test21610300004724 Three Phase Field Test11 26 21 15 1790000 175121 Ten Year Meter change14 10 18 14 19 20 16 19 18 97 34 23302 Meters ,985 Meters in ,318 Meters METERING SYSTEM - 201720162017# of Svcs# of SvcsNew Commercial Installed91, $ 66, $630, $01, $New Industrial Installed0-$ 0-$ 0-$ 0-$ New Residential Installed51, $ $ 910, $128, $142, $ 97, $1540, $1310, $0-$ $ 35, $ 722, $0-$ 0-$ 0-$ 0-$ 103, $ 164, $2212, $2314, $103, $ 195, $2517, $3036, $Total Paid Jobs245, $ 2812, $4057, $4347, $6463, $7160, $.

9 New Systems Installed-Totals of ..Commercial Services ..Industrial Services ..Residential Services ..System Upgrades-Total of ..TOTALDISTRIBUTION SYSTEM SYSTEM 2017- CONTINUEDLINES - MILES20162017 Total Overhead System Miles of 415415 Total Overhead Miles of Wire .. 1,1541,154 Total Underground System Miles of Underground Miles of 165165 POLEST otal Number of 21,43421,448 TRANSFORMERST ransformers Within City .. 1,3771,374 Transformers Outside 2,1822,190 Total Transformers in 3,5593,564 DISTRIBUTION SYSTEM2016 +/-2017 + KVOverhead0'0' KVUnderground0'0' KVOverhead0'0' KVOverhead(+) 1500'(+) 600' KVUnderground(+) 1800'(+) 900" KVOverhead0'0' KVUnderground0'0' KVOverhead(+) 150'(+) 200' KVUnderground(+) 3000'(+) 2000' KVOverhead(-) 800'0' KVUnderground(-) 0'(+) 400'DISTRIBUTION SYSTEM 2017 (Continued)

10 CUSTOMER SERVICE WRECKSCUSTOMERPROBLEMS TOTALJANUARY-$ -$ $ -$ $ 2, 3, MARCH- - 4, - 5, MAY- - 4, 4, JULY1, 1, 6, 7, 31, 32, 1, 2, 3, DECEMBER- 2, - 2, TOTAL5, $ -$ 25, $ 32, $ 63, $ CHARGEABLE CALLS FOR 2017 CHARGEABLE CALLS FOR ELECTRIC DISTRIBUTION SUMMARY REPORT FOR 2017We started the New Year out on the fast track.