2013-08-14T14:44:39-05:00 2012-09-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH ST STE 2300 MINNEAPOLIS MN 55402 990 2011-10-01 411358662 DISTRICT ENERGY ST PAUL INC DIST 6512978955 76 WEST KELLOGG BLVD ST PAUL MN 55102 ANDREW KASID 6512978955 2013-08-14 1 LAWRENCE H MOHR CPA P00447603 6128764500 2011 2016-02-24 21:20:13Z KENNETH SMITH 76 WEST KELLOGG BLVD ST PAUL MN 55102 27731457 0 X WWW.DISTRICTENERGY.COM X 1979 MN TO DEVELOP, CONSTRUCT, & OPERATE A DISTRICT HEATING SYSTEM FOR ST. PAUL, MINNESOTA & ADJACENT AREAS THAT BENEFITS ITS CUSTOMERS, COMMUNITY AND THE ENVIRONMENT. 7 7 74 0 0 0 1073176 0 20803061 19069300 -174642 -80598 -107838 726056 21593757 19714758 0 0 0 0 4227691 4304292 0 0 0 15105512 13082084 19333203 17386376 2260554 2328382 50780239 55898071 58958739 62584117 -8178500 -6686046 X TO DEVELOP, CONSTRUCT, AND OPERATE A HOT WATER DISTRICT HEATING SYSTEM TO SERVE THE CENTRAL BUSINESS DISTRICT AND ADJACENT AREAS OF THE CITY OF ST. PAUL, MINNESOTA THAT PROVIDES BENEFIT TO OUR CUSTOMERS, THE COMMUNITY AND ENVIRONMENT. 0 0 14691327 19795356 IN 2012, DISTRICT ENERGY CONTINUED ITS COMMITMENT TO THE COMMUNITY AND THE ENVIRONMENT THROUGH ENHANCED COMMUNITY PROGRAMMING AND THE INITIATION OF A MAJOR TECHNICAL ADVANCEMENT. THE COMMUNITY AND COMMUNICATION PROGRAMMING WAS OVERHAULED THIS YEAR AS PART OF AN EFFORT TO IMPROVE COMMUNITY ACCESS TO INFORMATION. THIS INCLUDED THE CONSTRUCTION OF NEW WEBSITES AND MAJOR EFFORTS TO BUILD AND STRENGTHEN RELATIONSHIPS WITH COMMUNITY PARTNERS. THE TOUR PROGRAM WAS IMPROVED TO ACCOMMODATE MORE GROUPS AND AN IMPROVED EXPERIENCE FOR THE PLANT AND SOLAR INSTALLATION. THE COMMUNITY AND ENVIRONMENTAL EFFORTS CULMINATE WITH THE CONSTRUCTION TO ALLOW SEASONAL TRANSITION OF THE CENTRAL PLANT'S THERMAL STORAGE TANK. THIS TANK WILL NOW SERVE THE HEATING AND COOLING SYSTEM AND ADDS ANOTHER TECHNICAL EXHIBITION TO THE SCIENCE AND SUSTAINABILITY DISTRICT THAT OUR ORGANIZATION HAS DEVELOPED. THIS UNIQUE DISTRICT IS ANCHORED BY DISTRICT ENERGY ST. PAUL'S UTILITY OPERATIONS AND FEATURES ENERGY TECHNOLOGIES, ENERGY SAVING PROGRAMS AND EDUCATIONAL OPPORTUNITIES ALL WITHIN BLOCKS OF OUR FACILITY.WE ARE ALSO PROUD OF THE GROWTH AND REINFORCEMENT OF OUR CUSTOMER BASE. RENOVATION AND NEW CONSTRUCTION CREATED OPPORTUNITIES FOR US TO PROVIDE SERVICE FOR THE UNION DEPOT, THE LRT OPERATIONS AND MAINTENANCE FACILITY, THE FARMER'S MARKET FLATS, AND OTHER NEW PROJECTS FOR ST. PAUL. OUR TEAM WAS DEDICATED TO WORKING WITH OUR EXISTING CUSTOMERS TO EXTEND THE SERVICE CONTRACTS FOR MANY OF OUR CUSTOMERS, INCLUDING THOSE THAT HAVE BEEN DISTRICT ENERGY CUSTOMERS SINCE THE BEGINNING, ALMOST THIRTY YEARS AGO. THE COMBINATION OF GROWTH AND RECOMMITMENT MEANS CONTINUED RATE STABILITY AND A STRONG SYSTEM FOR OUR CUSTOMERS. 14691327 1 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 41 0 1 74 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X PAM SARNE 6519258247 345 ST PETER STREET SUITE 1350 ST PAUL MN 55102 X WILLIAM BUTH 1.00 X 0 0 0 GEORGE FREMDER 1.00 X X 0 14700 0 HARRY MELANDER 1.00 X 0 0 0 JAMES PEDERSON 1.00 X 0 0 0 KEN PETERSON 1.00 X 0 0 0 MARK RANCONE 1.00 X X 0 0 0 DONOVAN SCHWICHTENBERG 1.00 X X 0 0 0 KENNETH SMITH 24.40 X 182800 198033 44116 ANDREW KASID 15.60 X 66205 145990 32591 MICHAEL BURNS 22.40 X 93266 98915 34550 ANDERS RYDAKER - SEE SCH J 8.00 X 322105 358342 59759 WILLIAM MAHLUM 10.50 X 72744 226367 53466 JOYCE ANDERSON 21.00 X 62064 63267 28775 BRENDA NELSON 8.10 X 32213 89623 26401 DOUG AUDETTE 34.20 X 92980 38366 24514 INGVAR LARSSON 0.80 X 2015 124735 22840 MICHAEL AHERN 4.20 X 16545 196390 19694 942937 1554728 346706 2 0 1 0 METRO TRANSIT 560 SIXTH AVENUE NORTH MINNEAPOLIS MN 55411 ENGINEERING & CONSTRUCTION SERVICES 1136570 SHEEHY CONSTRUCTION CO 360 WEST LARPENTER AVENUE ST PAUL MN 55113 CONSTRUCTION SERVICES 1091880 CKC CONTRACTING 12225 HUDSON ROAD S AFTON MN 55001 REPAIR SERVICES 470217 PIONEER POWER INC 570 HATCH AVENUE ST PAUL MN 55117 REPAIR SERVICES 309761 METROPOLITAN MECHANICAL CONTRACTORS INC 7450 FLYING CLOUD DRIVE EDEN PRAIRIE MN 55344 REPAIR SERVICES 254493 15 ENERGY SERVICES 221000 19069300 19069300 19069300 66179 66179 7868671 1251 7902157 114542 -33486 -113291 -146777 -146777 AFFILIATE NET INCOME 221000 726056 726056 726056 19714758 19795356 0 -80598 859108 859108 2595948 1898409 697539 308399 225531 82868 373399 273066 100333 167438 122447 44991 77733 77733 31619 31619 19755 19755 226761 226761 61076 61076 178003 178003 103773 103773 50975 50975 44642 44642 1708382 1708382 2315013 2315013 FUEL AND ENERGY 6645042 6645042 PLANT MAINTENANCE & OTH 1199177 1199177 DISTRIBUTION EXPENSE 304260 304260 EQUIPMENT RENTAL & MAIN 95777 95777 20096 20096 17386376 14691327 2695049 0 845520 545274 4842096 6926348 1824481 1795260 322965 0 64126 63019 165650 180251 85458173 50221654 34581873 35236519 4908706 7450503 2264675 2584382 960147 1116515 50780239 55898071 2439530 2209860 39955000 44955000 4810388 5434995 11753821 9984262 58958739 62584117 X -8178500 -6686046 -8178500 -6686046 50780239 55898071 X 2328382 -835928 X X 0 1 1 X 0 X X X 0 0 0 CITY OF ST PAUL MN 416005521 6 1 1 1 14691327 1 14691327 0 1 0 0 0 0 1 21697 1 394 0 22091 0 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: PART I-A, LINE 1: DISTRICT ENERGY'S LOBBYING ACTIVITY CONSISTS OF EDUCATING FEDERAL AND STATE LEGISLATORS AND MUNICIPAL SUBDIVISIONS OF THE STATE OF MINNESOTA ABOUT DISTRICT ENERGY: WHO WE ARE, WHAT WE DO, AND HOW LEGISLATIVE ACTIVITIES MAY AFFECT OUR CUSTOMERS. 954931 954931 25204755 19496991 5707764 58493562 30724663 27768899 804925 804925 35236519 ASSET RETIREMENT OBLIGATION 335759 INTEREST RATE EXCHANGE LIABILITY 257256 NOTE PAYABLE TO THE CITY OF ST. PAUL 9198499 DUE TO AFFILIATES 192748 9984262 19714758 17386376 2328382 72755 -908683 -835928 1492454 19061130 72755 72755 18988375 726383 726383 19714758 17568676 636874 636874 16931802 454574 454574 17386376 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COMPANY FOLLOWS THE ACCOUNTING POLICY THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN A COMPANY'S FINANCIAL STATEMENTS. THE POLICY PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE COMPANY FILES AS A TAX-EXEMPT ORGANIZATION. WITH FEW EXCEPTIONS, THE COMPANY IS NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR RETURNS FILED PRIOR TO 2009. THE COMPANY IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE DISCOUNT -636,874. AFFILIATE NET INCOME -726,383. CHANGE IN VALUATION OF SWAP AGREEMENTS 454,574. TOTAL TO SCHEDULE D, PART XI, LINE 8: -908,683. PART XII, LINE 4B - OTHER ADJUSTMENTS: AFFILIATE NET INCOME 726,383. PART XIII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE DISCOUNT 636,874. PART XIII, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUATION OF SWAP AGREEMENTS 454,574. 0 0 0 0 0 0 0 0 0 KENNETH SMITH 154019 166854 28781 31179 0 0 14028 15198 7147 7743 203975 220974 0 0 ANDREW KASID 58390 128758 7815 17232 0 0 7030 15503 3138 6920 76373 168413 0 0 MICHAEL BURNS 82755 87768 10511 11147 0 0 9541 10119 7226 7664 110033 116698 0 0 ANDERS RYDAKER - SEE SCH J 56620 202035 13544 48331 251941 107976 10473 37372 2608 9306 335186 405020 0 0 WILLIAM MAHLUM 58856 183150 13888 43217 0 0 10106 31447 2897 9016 85747 266830 0 0 JOYCE ANDERSON 55742 56822 6322 6445 0 0 11444 11665 2806 2860 76314 77792 0 0 DOUG AUDETTE 84485 34861 8495 3505 0 0 10233 4223 7120 2938 110333 45527 0 0 MICHAEL AHERN 16545 196390 0 0 0 0 373 4431 1157 13733 18075 214554 0 0 SUPPLEMENTAL INFORMATION PART III THE ORGANIZATION'S OFFICERS ARE COMPENSATED FROM ITS RELATED ORGANIZATION, EVER-GREEN ENERGY, LLC. THE COMPENSATION REPORTED AS REPORTABLE COMPENSATION FROM THE ORGANIZATION IS THE AMOUNT PAID BY DISTRICT ENERGY ST. PAUL, INC. TO EVER-GREEN ENERGY, LLC. THE FOLLOWING WERE USED BY EVER-GREEN ENERGY, LLC TO DETERMINE THE COMPENSATION OF THE PRESIDENT: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. WRITTEN EMPLOYMENT CONTRACT 4. COMPENSATION SURVEY OR STUDY 5. APPROVAL BY THE BOARD AND COMPENSATION COMMITTEE COMPENSATION FOR ANDERS RYDAKER REPORTED IN PART II, COLUMN B(III) IS THE AMOUNT PROVIDED UNDER A LONG-TERM CONTRACTUAL OBLIGATION, ENTERED INTO TO INITIALLY INDUCE EMPLOYMENT AND ASSURE CONTINUED EMPLOYMENT, INCLUDING NON-COMPETE PROVISIONS, IN RECOGNITION OF MANY YEARS OF SERVICE TO THE ORGANIZATION. THE AGREEMENT PROVIDES FOR A ONE-TIME PAYMENT WHILE EMPLOYED AND ATTAINING A SPECIFIC AGE. PORT AUTHORITY OF THE CITY OF ST PAUL 416005524 852298AM0 2009-01-28 12510000 SEE PART VI 0 0 0 PORT AUTHORITY OF THE CITY OF ST PAUL 416005524 852298AP3 2009-09-10 13435000 SEE PART VI 0 0 0 PORT AUTHORITY OF THE CITY OF ST PAUL 416005524 852298AR9 2009-09-10 5585000 SEE PART VI 0 0 0 PORT AUTHORITY OF THE CITY OF ST PAUL 416005524 852298AS7 2009-09-10 3760000 SEE PART VI 0 0 0 12570423 1200000 257490 10861525 251408 2009 1 0 1 1 13435000 876500 75000 10874944 268700 1339856 2011 1 0 1 1 5585000 5585000 2009 1 0 1 1 3760000 3760000 2009 1 0 1 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 1 1 PIPER JAFFRAY 5.000000000000 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 X SCHEDULE K SUPPLENTAL INFORMATION BOND ISSUE A - ISSUE PRICE: THE ISSUE PRICE LISTED IN PART I, COLUMN E FOR BOND A IS THE STATED REDEMPTION PRICE AT MATURITY. THE ACTUAL ISSUE PRICE PER THE FORM 8038 IS 12,570,423 SCHEDULE K, PART I, DESCRIPTION OF PURPOSE OF BOND ISSUES BOND ISSUE - CUSIP# 852298AM0: THE 501(C)(3) BONDS WERE ISSUED TO FUND NEW CONSTRUCTION AND REFUND BONDS ISSUED ON 12/22/1982. BOND ISSUE - CUSIP# 852298AP3: THE 501(C)(3) BONDS WERE ISSUED TO FUND NEW CONSTRUCTION AND REFUND BONDS ISSUED ON 07/22/1997, 10/07/1999, 05/14/2003, 05/12/2005, 09/07/2006. BOND ISSUE - CUSIP# 852298AR9: THE EXEMPT FACILITY BONDS WERE ISSUED TO REFUND BONDS ISSUED ON 04/21/2005 AND 09/28/2006. BOND ISSUE - CUSIP# 852298AS7: THE EXEMPT FACILITY BONDS WERE ISSUED TO REFUND BONDS ISSUED ON 04/23/2003. BOND ISSUE - CUSIP# 852298AT5: THE EXEMPT FACILITY BONDS WERE ISSUED TO FUND NEW CONSTRUCTION. BOND ISSUE - CUSIP# 852298AZ1: THE EXEMPT FACILITY BONDS WERE ISSUED TO FUND NEW CONSTRUCTION. SCHEDULE K, PART III, LINES 4-6 PRIVATE BUSINESS USE FOR EXEMPT FACILITY BONDS BOND ISSUES - CUSIP# 852298AR9, 852298AS7, 852298AT5: DISTRICT ENERGY FUNDS SYSTEM EXPANSIONS THROUGH THE ISSUANCE OF 501(C)(3) TAX-EXEMPT BONDS, EXEMPT FACILITY TAX-EXEMPT BONDS, AND TAXABLE BONDS. FOR A PORTION OF THE DISTRIBUTION SYSTEM FUNDING, DISTRICT ENERGY ISSUES EXEMPT FACILITY, PRIVATE ACTIVITY TAX-EXEMPT BONDS WHICH ARE USED IN PART TO FUND NON-GOVERNMENTAL USES. THESE PROJECT COSTS ARE ELIGIBLE FOR THE EXEMPT FACILITY, TAX-EXEMPT BONDING AS PROVIDED IN IRC SECTION 142. PORT AUTHORITY OF THE CITY OF ST PAUL 416005524 852298AT5 2009-09-25 4665000 SEE PART VI 0 0 0 PORT AUTHORITY OF THE CITY OF ST PAUL 416005524 852298AZ1 2012-06-07 5000000 SEE PART VI 0 0 0 4665000 304300 199000 93000 4068700 2011 0 0 1 1 5000000 325000 80000 95000 707937 3792063 0 0 1 1 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 A RELATED ORGANIZATION, EVER-GREEN ENERGY, LLC PROVIDES MANAGEMENT SERVICES AND STAFF TO DISTRICT ENERGY ST. PAUL, INC. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED AS FOLLOWS: THREE MEMBERS ARE ELECTED BY CUSTOMERS OF DISTRICT ENERGY ST. PAUL, INC., THREE MEMBERS ARE APPOINTED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF ST. PAUL, AND THE SEVENTH MEMBER IS ELECTED BY THE OTHER SIX BOARD MEMBERS. CUSTOMERS ARE DEFINED AS PERSONS EXECUTING A HOT WATER DELIVERY AGREEMENT. FORM 990, PART VI, SECTION A, LINE 7B A RATE CHANGE IMPLEMENTED BY THE ORGANIZATION REQUIRES APPROVAL FROM THE CITY OF ST. PAUL. A CHANGE TO THE UNIFORM PROVISIONS REQUIRES APPROVAL OF THE ORGANIZATION'S CUSTOMERS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS REVIEWED BY AN OFFICER OF THE ORGANIZATION AND PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, KEY EMPLOYEES AND THEIR FAMILY MEMBERS ARE REQUIRED TO DISCLOSE ANNUALLY, INTERESTS THAT COULD GIVE RISE TO CONFLICTS, WHETHER FINANCIAL OR FIDUCIARY IN NATURE, ON FORMS PROVIDED BY EVER-GREEN ENERGY, LLC. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S OFFICERS ARE COMPENSATED FROM A RELATED ORGANIZATION, EVER-GREEN ENERGY, LLC. EXECUTIVE COMPENSATION IS ESTABLISHED BY REVIEW OF COMPARABILITY DATA AND CONSIDERATION OF OTHER APPROPRIATE FACTORS SUCH AS THE AVAILABILITY OF SIMILAR SERVICES IN THE SAME GEOGRAPHIC AREA. THE BASIS FOR SUCH DECISIONS IS DOCUMENTED AT THE TIME THE DECISION IS MADE. ALL OFFICERS OF THE COMPANY UNDERWENT THIS PROCESS IN THE FALL OF 2011. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A THE OFFICERS/KEY EMPLOYEES/HIGHEST PAID EMPLOYEES OF DISTRICT ENERGY ST PAUL,INC. ALSO SERVED AS OFFICERS/KEY EMPLOYEES/HIGHEST PAID EMPLOYEES OF RELATED ORGANIZATIONS. THEIR AVERAGE HOURS PER WEEK AND COMPENSATION FROM EACH ORGANIZATION WERE AS FOLLOWS: HOURS/WEEK SALARY/BENEFITS KENNETH SMITH, PRESIDENT DISTRICT ENERGY ST PAUL, INC 24.37 HOURS/WK 203,976/YR DISTRICT COOLING ST PAUL, INC 12.39 HOURS/WK 103,773/YR EVER-GREEN ENERGY LLC 13.62 HOURS/WK 113,971/YR RENEWABLE ENERGY INNOVATIONS LLC 0.38 HOURS/WK 3,230/YR TOTAL 50.76 HOURS/WK 424,950/YR ANDREW KASID, SENIOR VICE PRESIDENT DISTRICT ENERGY ST PAUL, INC 15.63 HOURS/WK 76,373/YR DISTRICT COOLING ST PAUL, INC 7.67 HOURS/WK 37,477/YR EVER-GREEN ENERGY LLC 12.72 HOURS/WK 62,151/YR RENEWABLE ENERGY INNOVATIONS LLC 14.08 HOURS/WK 68,785/YR TOTAL 50.10 HOURS/WK 244,786/YR MICHAEL BURNS, SENIOR VICE PRESIDENT DISTRICT ENERGY ST PAUL, INC 22.38 HOURS/WK 110,033/YR DISTRICT COOLING ST PAUL, INC 5.99 HOURS/WK 29,452/YR EVER-GREEN ENERGY LLC 17.45 HOURS/WK 85,795/YR RENEWABLE ENERGY INNOVATIONS LLC 0.30 HOURS/WK 1,451/YR TOTAL 46.12 HOURS/WK 226,731/YR MICHAEL AHERN, SENIOR VICE PRESIDENT DISTRICT ENERGY ST PAUL, INC 4.22 HOURS/WK 18,075/YR DISTRICT COOLING ST PAUL, INC 2.03 HOURS/WK 8,700/YR EVER-GREEN ENERGY LLC 27.31 HOURS/WK 116,967/YR RENEWABLE ENERGY INNOVATIONS LLC 20.75 HOURS/WK 88,888/YR TOTAL 54.31 HOURS/WK 232,630/YR ANDERS RYDAKER, EXECUTIVE VICE PRESIDENT DISTRICT ENERGY ST PAUL, INC 8.02 HOURS/WK 335,186/YR DISTRICT COOLING ST PAUL, INC 4.06 HOURS/WK 114,081/YR EVER-GREEN ENERGY LLC 14.41 HOURS/WK 185,560/YR RENEWABLE ENERGY INNOVATIONS LLC 10.15 HOURS/WK 105,378/YR TOTAL 36.64 HOURS/WK 740,205/YR WILLIAM MAHLUM, EXECUTIVE VICE PRESIDENT DISTRICT ENERGY ST PAUL, INC 10.52 HOURS/WK 85,747/YR DISTRICT COOLING ST PAUL, INC 5.40 HOURS/WK 44,037/YR EVER-GREEN ENERGY LLC 9.40 HOURS/WK 76,686/YR RENEWABLE ENERGY INNOVATIONS LLC 17.93 HOURS/WK 146,108/YR TOTAL 43.25 HOURS/WK 352,578/YR JOYCE ANDERSON, NON-PROFIT CONTROLLER DISTRICT ENERGY ST PAUL, INC 20.97 HOURS/WK 76,313/YR DISTRICT COOLING ST PAUL, INC 12.50 HOURS/WK 45,492/YR EVER-GREEN ENERGY LLC 8.65 HOURS/WK 31,499/YR RENEWABLE ENERGY INNOVATIONS LLC 0.23 HOURS/WK 802/YR TOTAL 42.35 HOURS/WK 154,106/YR BRENDA NELSON, VP HR DISTRICT ENERGY ST PAUL, INC 8.08 HOURS/WK 39,194/YR DISTRICT COOLING ST PAUL, INC 3.28 HOURS/WK 15,906/YR EVER-GREEN ENERGY LLC 18.85 HOURS/WK 91,462/YR RENEWABLE ENERGY INNOVATIONS LLC 0.34 HOURS/WK 1,675/YR TOTAL 30.55 HOURS/WK 148,237/YR DOUG AUDETTE, DIRECTOR OF PRODUCTION DISTRICT ENERGY ST PAUL, INC 34.21 HOURS/WK 110,333/YR DISTRICT COOLING ST PAUL, INC 5.62 HOURS/WK 18,111/YR EVER-GREEN ENERGY LLC 8.50 HOURS/WK 27,415/YR RENEWABLE ENERGY INNOVATIONS LLC 0.00 HOURS/WK 0/YR TOTAL 48.33 HOURS/WK 155,859/YR INGVAR LARSSON, SENIOR ENERGY ENGINEER DISTRICT ENERGY ST PAUL, INC 0.79 HOURS/WK 2,378/YR DISTRICT COOLING ST PAUL, INC 0.06 HOURS/WK 180/YR EVER-GREEN ENERGY LLC 5.15 HOURS/WK 15,528/YR RENEWABLE ENERGY INNOVATIONS LLC 43.63 HOURS/WK 131,505/YR TOTAL 49.63 HOURS/WK 149,591/YR CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 72,755. CHANGE IN FAIR VALUE DISCOUNT -636,874. AFFILIATE NET INCOME -726,383. CHANGE IN VALUATION OF SWAP AGREEMENTS 454,574. TOTAL TO FORM 990, PART XI, LINE 5: -835,928. FORM 990, PART XII, LINE 2C THE SELECTION AND OVERSIGHT PROCESS FOR THE AUDIT OF THE FINANCIAL STATEMENTS HAVE NOT CHANGED FROM PRIOR YEAR. DISTRICT COOLING ST PAUL INC 76 WEST KELLOGG BOULEVARD ST PAUL MN 55102 411637962 DEVELOP, CONSTRUCT, AND OPERATE A DISTRICT COOLING SYSTEM MN 501(C)(3) LINE 11C, III-FI N/A 0 CITY OF ST PAUL MINNESOTA 15 WEST KELLOGG BOULEVARD ST PAUL MN 55102 416005521 GOVERNMENT MN 501(C)(3) LINE 6 N/A 0 EVER-GREEN ENERGY LLC 345 ST PETER STREET SUITE 1350 ST PAUL MN 55102 411938761 CONSULTING & MANAGEMENT SERVICES MN DISTRICT ENERGY ST PAUL INC RELATED 726383 6852670 0 1 0.99000 ST PAUL STEAM COMPANY 76 WEST KELLOGG BOULEVARD ST PAUL MN 55102 411409844 INACTIVE MN DISTRICT ENERGY ST PAUL INC C 1.00000 RENEWABLE ENERGY INNOVATIONS LLC 345 ST PETER STREET SUITE 1350 ST PAUL MN 55102 203081500 UTILITIES MN EVER-GREEN ENERGY LLC C -523958 635493 0.99000 1 0 0 1 1 0 0 0 1 0 1 1 1 1 1 1 0 0 DISTRICT COOLING ST PAUL INC A 650 AMOUNT PAID DISTRICT COOLING ST PAUL INC D 50965 LOAN AMOUNT DISTRICT COOLING ST PAUL INC I 124368 FAIR MARKET VALUE DISTRICT COOLING ST PAUL INC P 417770 AMOUNT PAID DISTRICT COOLING ST PAUL INC O 265158 AMOUNT PAID EVER-GREEN ENERGY LLC A 23159 AMOUNT PAID EVER-GREEN ENERGY LLC N 5317927 BOOK COSTS/VALUE EVER-GREEN ENERGY LLC M 22832 BOOK COSTS/VALUE EVER-GREEN ENERGY LLC D 700000 BOOK COSTS/VALUE