Article 20 Light Plant Article 20 Light Plant

Article 20: Light Plant Article 20 Light Plant Expenditures & Payment in Lieu of Taxes 1

Article 20: Light Plant System Demand 50 megawatts 40 30 20 10 0 2005 2010 2015 2020 2

Article 20: Light Plant Net Income Total Revenue Total Expenses Light Plant Net Income (Loss) 31 000 27 000 23 000 19 000 15 000 11 000 7 000 3 000 (1 000) 2016 Actual 2017 Actual 2018 Actual 2019 Actual 2020 Estimate 2021 Forecast 3

Article 20: Light Plant Electricity Sales 2021 2020 2019 2018 $0 $5 000 Residential $10 000 Commercial Municipal $15 000 Street Lighting $20 000 $25 000 Private Lighting Unbilled 4

Article 20: Light Plant Power Cost Categories 2021 2020 2019 2018 $0 $5 000 Energy $10 000 Forward Capacity Transmission $15 000 Fixed & Other $20 000 REC's 5

Article 20: Light Plant Power Generation Categories 2021 2020 2019 2018 0% 20% 40% 60% Grid Mix Hydro-Electric Landfill 80% Solar Wind 100% Nuclear 120% 6

Article 20: Light Plant Operating Cost 2021 2020 2019 2018 $0 $5 000 Purchased Power $10 000 $15 000 Operation & Maint $20 000 Depreciation $25 000 Debt Service Interest 7

Article 20: Light Plant Capital Outlay 2021 2022 $ 4, 036, 400 $ 2, 538, 000 • Depreciation Fund 1, 085, 400 846, 000 • Underground Fund 1, 826, 000 67, 000 750, 000 375, 000 1, 250, 000 375, 000 Total Capital Outlay Funded via … • Borrowing • Operating Cash 8

Article 20: Light Plant Gross Margin 2020 Net Income 2021 ($ 327, 232) $ 1, 272, 911 (1. 16 %) 4. 10 % Total Revenue 28, 128, 893 31, 023, 878 Total Expenses 28, 456, 125 29, 750, 967 9

Article 20: Light Plant Payment in Lieu of Taxes The Payment in Lieu of Taxes for the fiscal year will be $474, 500 The funds will be transferred from the Operating Fund of the Light Plant to be used by the Assessors to reduce the tax levy for the fiscal year ending June 30, 2022 10

Strategic Plan Article 20: Light Plant 11

Article 20: Light Plant Telecommunications 12

Article 20: Light Plant Internet Service Offering • • • www. concordma. gov/broadband 13

Article 20: Light Plant 2020 Results • Subscriptions & Revenue • Subscriptions grew about 10% from 2019 • Financial Results • Estimated 2020 Revenue $1, 362, 689 and Net Income $341, 262 • Organizational changes in 2020 – Hired Director of Telecom and added two Field Technicians • 60% Increase in network bandwidth capacity 14

Article 20: Light Plant Revenue Sources 2021 2020 2019 2018 - 200 000 400 000 Residential 600 000 800 000 Commercial 1 000 1 200 000 1 400 000 1 600 000 Municipal Other Revenues 15

Article 20: Light Plant 2021 Forecast Plans • • Revenue increase about 27% 2021 Revenue $1, 579, 985 and Net Income $323, 589 Hire an additional Network Engineer Hire a fourth Telecommunications Technician § Add a vehicle and tools as needed to expand support • Increase vendor diversity to support 10 G service upgrade to increase redundancy 16

Article 20: Light Plant Telecom Net Income (Loss) Total Revenue Total Expense Telecom Net Income (Loss) $ 1 600 000 $ 1 400 000 $ 1 200 000 $ 1 000 $ 800 000 $ 600 000 $ 400 000 $ 200 000 $$ (200 000) 2016 Actual 2017 Actual 2018 Actual 2019 Actual 2020 Estimate 2021 Forecast 17

Article 20: Light Plant Article 20 Questions? 18