2005 annual report.pdf

((p -
Joe Leckie
Idaho Public Utilities Commission
472 W. Washington
Boise, Idaho 83702-5983
RECEIVED
2006 JUl I 0 PH 2: 54
IDAHO PUBLIC
UTILITIES COMMISSION
Monday 3rd July, 2006
Re: Resort Water Co., Inc. 2005 Annual Report
Dear Mr Leckie:
Please find enclosed the Annual Report for Resort Water Co., Inc. ("The Company ) for calendar
year 2005. Between the 1st of January and 31st December 2005 the Company has undergone
several significant changes:
1. The Company went through the process for Certificate of Public Convenience and
Necessity with the IPUC, which was granted in the 1st quarter of 2005.
2. Harbor Properties Inc. no longer has any ownership in the Schweitzer Mountain venture.
Therefore the overall management and accounting management changed.
3. The Company moved from JDE accounting software to Great Plains accounting software.
4. The Company s normal fiscal year has been 8/31 - 1/9. The Company, under direction
from its parent company Schweitzer Mountai~ E)p'~LLC, has now changed its
financial year to 5/1 - 4/30. The Company will therefore e doing a tax return for the
short tax year of 1/9/05 - 4/30/06.
5. The Director of the Company, Tim Elsea, left the company in April 2005 and his position
was not filled until July 2005.
The result of this is that the accounting system for Resort Water Co., Inc. has not yet been set up
adequately for IPUC purposes, nor does The Company have the ability to as it is restricted by it's
parent company, both of which have made the Annual Report process a very tedious one.
We have, however, endeavored to piece together the numbers pertaining to calendar year 2005 for
IPUC purposes. We request help from the IPUC to guide us to a better understanding of IPUC
requirements so that in the future we can be assured that the information is being collected and
reported correctly.
Following are notes I have taken throughout this process that take the IPUC orders and staff
recommendations into account. These note numbers correspond to note numbers on the right hand
side of the Annual Report.
Sincerely,
-AWJAL1~
Abi Manion
(Formerly Jane Doe in the Application for Public Convenience and Necessity)
On behalf of Resort Water Co., Inc.
Please contact Debra Harper on 208-255 3042 for further information required.
1. Our investment base, determined for the purposes of the rate study that took place as part of
the Certificate of Public Convenience and Necessity, included a reduction for hook-up fees
that we had collected from new customers since acquiring the Company. This amount was
$128 609 (this is not on the Annual Report anywhere, and perhaps it should be?). In
February 2005, before we were granted the Certificate, additional hook-up fees were accepted
from one customer in the amount of $35 895. We do not know what to do with this amount
whether it should be paid back to the customer or further reduce our investment base.
2. The monthly rate per ERU has been approved at $44.80. During the 9 months of 2005
following the allowance to increase the rate, however, we were only charging $44.79. As of
2006 the correct rate is being charged.
3. Construction in Progress: We spent $43,662 on the new water reservoir in 2005, which is
currently still in progress and due to be completed this summer. I have included it on the
Report but it will be reimbursed as ordered by affiliate Schweitzer Mountain Real Estate
LLC, the entity responsible for developing the condominiums.
4. The number of Commercial ERUs recommended by Staff of IPUC have not been charged
correctly throughout 2005. Adjustments will made to correct the error for the 1st of June 2006
billing period. These errors were:
a. The Selkirk should have been charged a total of 32 ERUs with the following breakdown
but they were only being charged for 31 ERUs:
i. 6 - Selkirk Laundry
ii. 25 - Chimney Rock Restaurant
iii. 1 - Mojo Cafeb. Schweitzer Ski Resort should have been paying for 83 ERUs with the following
breakdown, but they were only paying for 81:
i. 20 - Mill Building
ii. 50 - Lakeview Building
iii. 1 - Cantina Cafe
iv. 12 - Snowmaking
In addition to this correct amount of 83 ERUs, we are also charging 2 ERUs for the
maintenance shop, bringing the total ERU charge to Schweitzer of 85 ERUs.
5. Taxes:a) Property Taxes are still being paid to Bonner County via an affiliate. I understand that the
State of Idaho is currently assessing the Company and should therefore be taking the
place of any property taxes in the future.
b) Federal and State Income taxes included in the report are from fiscal year 2004 (1/9/04-
8/31/05). We were unable to estimate what they would have been for the calendar year.
6. We do not understand what the fire flow rating is. We know that once this new reservoir has
been completed, we will have sufficient fIre flow according to Schweitzer s fire chief. Until
that point we do not have sufficient fire flow.
7. The address of all the affiliated companies will be changing from 500 Union St, Seattle to
10,000 Schweitzer Mountain Road, Sandpoint. Several name changes of these affiliates have
taken place over the last 12 months. New Schweitzer is now Schweitzer Mountain Ski
Operations LLc. Harbor Mountain Company LLC is now called Schweitzer Mountain LLc.
Harbor Mountain Utility Company LLC is now called Schweitzer Utility Company LLc.
tZ ~~;~ tU
RECEIVED
20U6 JUl I 0 PM 2: 55
IDAHO PUB! IC
UTILITIES COMf\~ISSION
ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING 31-Dec-
11 Are there any affiliated companies? Yes
If yes, attach a list with names, addresses & descriptions.
provided to the utility.
12 Contact Information
President (Owner)
Vice President
Secretary
General Manager / Director
Complaints or Billing
Engineering
Emergency Service
Accounting
13 Were any water systems acquired during the year or any additions/deletions made
to the service area during the year?
If yes, attach a list with names, addresses & descriptions. Explain any services
provided to the utility.
14 Where are the Company s books and records kept?Street Address 165 Village Lane, Suite ACity SandpointState IdahoZip 83864
1 Give full name of utility
2 Date of Organization
3 Organized under the laws of the state of
4 Address of Principal Office (number & street)
5 P.O. Box (if applicable)
6 City
7 State
8 Zip Code
9 Organization (proprietor, partnership, corp.
10 Towns, Counties served
Rev 3/02
COMPANY INFORMATION
Resort Water Co., Inc.
11/19/1998
Minnesota
500 Union Street, Suite 200
Seattle
98101
Corporation
Schweitzer Mountain - a portion of township 58N Section 20
Explain any services EXHIBIT A
Name Phone No.
Steve Wood
Dennis Weibling
Tom Trulock [phone]
Debra Harper [phone]
Third Party
Jim Lackey [phone]
Debra Harper [phone]
Page 1
NAME: Resort Water Co.. Inc.
COMPANY INFORMATION (Cont.
For the Year Ended 31-Dec-
15 Is the system operated or maintained under a
service contract?
16 If yes: With whom is the contract?
When does the contract expire?
What services and rates are included?
17 Is water purchased for resale through the system?
18 If yes: Name of Organization
Name of owner or operator
Mailing Address
City
State
Zip
Water Purchased
19 Has any system(s) been disapproved by the
Idaho Division of Environmental Quality?
If yes, attach full explanation
20 Has the Idaho Division of Environmental Quality
recommended any improvements?
If yes, attach full explanation
21 Number of Complaints received during year concerning:
Quality of Service
High Bills
Disconnection
22 Number of Customers involuntarily disconnected
23 Date customers last received a copy of the Summary
of Rules required by IDAPA 31.21.01.701?
Attach a copy of the Summary
24 Did significant additions or retirements from the
Plant Accounts occur during the year?
If yes, attach full explanation
and an updated system map
Rev 3/02
Gallons/CCF $Amount
Feb-
EXHIBIT B
Page 2
NAME: Resort Water Co.. Inc.
ACCT #
REVENUE & EXPENSE DETAIL
For the Year Ended 31-Dec-
DESCRIPTION
400 REVENUES
Unmetered Water Revenue460
460.
460.
461.
461.
462
464
465
466
400
Residential
Commercial
Metered Sales - Residential
Metered Sales - Commercial , Industrial
Fire Protection Revenue
135,407.
352.
Other Water Sales Revenue
Irrigation Sales Revenue
Sales for Resale
Total Revenue (Add Lines 1 - 7)
(also enter result on Page 4, line 1)
* DEQ Fees Billed separately to customers
10 ** Hookup or Connection Fees Collected
11 ***Commission Approved Surcharges Collected
400.
196 159.
Booked to Acct #
895.Booked to Acct
Booked to Acct #
401 OPERATING EXPENSES
12 601.6 Labor - Operation & Maintenance
13 601.Labor - Customer Accounts
14 601.Labor - Administrative & General
15 603 Salaries, Officers & Directors
16 604 Employee Pensions & Benefits
17 610 Purchased Water
18 615-16 Purchased Power & Fuel for Power
19 618 Chemicals
20 620.6 Materials & Supplies - Operation & Maint.
21 620.8 Materials& Supplies - Administrative & General
22 631-34 Contract Services - Professional
23 635 Contract Services - Water Testing
24 636 Contract Services - Other
25 641-42 Rentals - Property & Equipment
26 650 Transportation Expense
27 656-59 Insurance
28 660 Advertising
29 666 Rate Case Expense (Amortization)
30 667 Regulatory Comm. Exp. (Other except taxes)
31 670 Bad Debt Expense
32 675 Miscellaneous
33 Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2)
310.
722.
291.
568.
218.
653.
611.
130.
564.
678.
259.
258.
699.
132.
678.
58.
070.
176.
Rev 3/02 Page 3
104 083.
Note 2
48010 Note 1
Name: Resort Water Co.Inc.
ACCT #
INCOME STATEMENT
For Year Ended 31-Dec-
DESCRIPTION
403
406
407
6 408.
7 408.
8 408.
9A 408.
17 413
18 414
30 427.
31 427.
409.
409.
410.
410.
411
412
415
416
419
420
421
426
408.
409-
Rev 3/02
Revenue (From Page 3, line 8)
Operating Expenses (From Page 3, line 33)
Depreciation Expense
Amortization , Utility Plant Aquisition Adj.
Amortization Exp. - Other
Regulatory Fees (PUC)
Property Taxes
Payroll Taxes
Other Taxes (list)
State of Idaho Tax
104 083.
543.
133.
690.
DEQ Fees
Federal Income Taxes
State Income Taxes
Provision for Deferred Income Tax - Federal
Provision for Deferred Income Tax - State
394.
476.
Provision for Deferred Utility Income Tax Credits
Investment Tax Credits - Utility
Total Expenses from operations before interest (add lines 2-15)
Income From Utility Plant Leased to Others
Gains (Losses) From Disposition of Utility Plant
Net Operating Income (Add lines 1 , 17 & 18 less line 16)
Revenues, Merchandizing Jobbing and Contract Work
Expenses, Merchandizing, Jobbing & Contracts
Interest & Dividend Income
Allowance for Funds used During Construction
Miscellaneous Non-Utility Income
Miscellaneous Non-Utility Expense
Other Taxes, Non-Utility Operations
Income Taxes, Non-Utility Operations
Net Non-Utility Income (Add lines 20 23 & 24 less lines 21 26, & 27)
Gross Income (add lines 19 & 28)
Interest Exp. on Long-Term Debt
Other Interest Charges
NET INCOME (Line 29 less lines 30 & 31) (Also Enter on Pg 9, Line 2)
Page 4
196 159.
138 321.
Note 5
Note 5
837.
837.
837.
Name: Resort Water Co.Inc.
SUB
ACCT #
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended 31-Dec-
DESCRIPTION
Balance
Beginning
of Year
Added
During
Year
Removed
During
Year
Balance
End of
Year
301 Organization
302 Franchises and Consents
303 Land & Land Rights
304 Structures and Improvements 177 500.177 500.
305 Collecting & Impounding Reservoirs 460 080.460 080.
306 Lake, River & Other Intakes
307 Wells
308 Infiltration Galleries & Tunnels
309 Supply Mains 954.954.
310 Power Generation Equipment
311 Power Pumping Equipment
320 Purification Systems 613.613.
330 Distribution Reservoirs & Standpipes
331 Trans. & Distrib. Mains & Accessories
333 Services
334 Meters and Meter Installations
335 Hydrants 941.941.
336 Backflow Prevention Devices
339 Other Plant & Misc. Equipment
340 Office Furniture and Equipment
341 Transportation Equipment 741.741.
342 Stores Equipment
343 Tools, Shop and Garage Equipment
344 Laboratory Equipment
345 Power Operated Equipment
346 Communications Equipment
347 Miscellaneous Equipment
348 Other Tangible Property
Rev 3/02
TOTAL PLANT IN SERVICE
(Add lines 1 - 28)
686 831.34 686,831.
Enter beginning & end of year totals on Pg 7, Line 1
Page 5
Name: Resort Water Co.Inc.
For Year Ended 31-Dec-
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
SUB
ACCT #
Depreciation
Rate
DESCRIPTION
Balance
Beginning
of Year
Balance
End of
Year
Increase
(Decrease)
304 Structures and Improvements 595.145.550.
305 Collecting & Impounding Reservoirs , 2.133.62,416.282.
306 Lake, River & Other Intakes
307 Wells
308 Infiltration Galleries & Tunnels
309 Supply Mains 056.2,475.419.
310 Power Generation Equipment
311 Power Pumping Equipment
320 Purification Systems 768.3,433.664.
330 Distribution Reservoirs & Standpipes
331 Trans. & Distrib. Mains & Accessories
333 Services
334 Meters and Meter Installations
335 Hydrants 386.465.78.
336 Backflow Prevention Devices
339 Other Plant & Misc. Equipment
340 Office Furniture and Equipment
341 Transportation Equipment 20%838.386.548.
342 Stores Equipment
343 Tools , Shop and Garage Equipment
344 Laboratory Equipment
345 Power Operated Equipment
346 Communications Equipment
347 Miscellaneous Equipment
348 Other Tangible Property
TOTALS (Add Lines 1 - 25)779.323.543.
Enter beginning & end of year totals on Pg 7, Line 7
Rev 3/02 Page 6
Name: Resort Water Co.. Inc.
BALANCE SHEET
For Year Ended 31-Dec-
ASSETS Balance
Beginning
of Year
Balance
End of
Year
Increase
(Decrease)ACCT #DESCRIPTION
101 Utility Plant in Service (From Pg 5, Line 29)686 831.686 831.
102 Utility Plant Leased to Others
103 Plant Held for Future Use
105 Construction Work in Progress 662.43,662.
114 Utility Plant Aquisition Adjustment
Subtotal (Add Lines 1 - 5)686 831.730,493.662.46
108.Accumulated Depreciation (From Pg 6, Line 26)779.323.543.
108.Accum. Depr. - Utility Plant Lease to Others
108.Accum. Depr. - Property Held for Future Use
110.Accum. Amort. - Utility Plant in Service
110.Accum. Amort. - Utility Plant Lease to Others
115 Accumulated Amortization - Aquisition Adj.
Net Utility Plant (Line 6 less lines 7 - 12)605 051.632 170.118.
123 Investment in Subsidiaries
125 Other Investments
Total I nvestments (Add lines 14 & 15)
131 Cash
135 Short Term Investments
141 Accts/Notes Receivable - Customers 12705.1298.(11,406.59)
142 Other Receivables
145 Receivables from Associated Companies
151 Materials & Supplies Inventory
162 Prepaid Expenses
173 Unbilled (Accrued) Utility Revenue
143 Provision for Uncollectable Accounts
Total Current (Add lines 17 -24 less line 25)705.298.(11,406.59)
181 Unamortized Debt Discount & Expense
183 Preliminary Survey & Investigation Charges
184 Deferred Rate Case Expenses 315.245.070.24)
186 Other Deferred Charges
Total Assets (Add lines 13, 16 & 26 - 30)642 072 651 714 642
Note 3
Rev 3/02 Page 7
Name: Resort Water Co.. Inc.
BALANCE SHEET
For Year Ended 31-Dec-
LIABILITIES & CAPITAL Balance
Beginning
of Year
Balance
End of
Year
Increase
(Decrease)ACCT #DESCRIPTION
201-Common Stock 433 926.46 433 926.
204-Preferred Stock
207-Miscellaneous Capital Accounts
214 Appropriated Retained Earnings
215 Unappropriated Retained Earnings
216 Reacquired Capital Stock
218 Proprietary Capital
Total Equity Capital (Add Lines 1-5+7 less line 6)433 926.433 926.
221-Bonds
223 Advances from Associated Companies
224 Other Long - Term Debt
231 Accounts Payable 6805.795.989.
232 Notes Payable
233 Accounts Payable - Associated Companies
235 Customer Deposits (Refundable)
236.Accrued Other Taxes Payable 2930.4426.1,496.
236.12 Accrued Income Taxes Payable
236.Accrued Taxes - Non-Utility
237-40 Accrued Debt, Interest & Dividends Payable
241 Misc. Current & Accrued Liabilities
251 Unamortized Debt Premium
252 Advances for Construction 662.46 662.46
253 Other Deferred Liabilities
255.Accumulated Investment Tax Credits - Utility
255.Accum. Investment Tax Credits - Non-Utility
261-Operating Reserves
271 Contributions in Aid of Construction
272 Accum. Amort. of Contrib. in Aid of Const. **
281-Accumulated Deferred Income Taxes
Total Liabilities (Add lines 9 - 29
TOTAL LlAB & CAPITAL ( Add lines 8 & 30)443 662.489 811.148.
Note 3
** Only if Commission Approved PLEASE SEE ATTACHED BALANCE SHEET EXHIBIT D
Rev 3/02 Page 8
Name: Resort Water Co.. Inc.
STATEMENT OF RETAINED EARNINGS
For Year Ended 31-Dec-
Retained Earnings Balance ~ Beginning of Year
Amount Added from Current Year Income (From Pg 4, Line 32)
Other Credits to Account
Dividends Paid or Appropriated
Other Distributions of Retained Earnings
Retained Earnings Balance ~ End of Year
837.
161 903.
CAPITAL STOCK DETAIL
No. Shares
AuthorizedDescription (Class, Par Value etc.
Common - 1 class
No. Shares
Outstanding
Dividends
Paid
100
DETAIL OF LONG-TERM DEBT
Description
Interest
Rate
Year-end
Balance
Interest
Paid
Interest
Accrued
None
Rev 3/02 Page 9
Name: Resort Water Co.Inc.
SYSTEM ENGINEERING DATA
For Year Ended 31-Dec-
Provide an updated system map if significant changes have been made to the system during the year.
Water Supply:
Pump Designation or location
Rated
Capacity
(gpm)
Type of
Treatment:
(None, Chlorine
Fluoride
Filter etc.
Annual
Production
(OOO's Gal.)
Water
Supply
Source
(Well, Spring,
Surface Wtr)
Well #4 2 - Soda Ash 700 000 Well
Well #5 125 CL 2 - Soda Ash 960 808 Well
System Storage:
Storage Designation or Location
Total
Capacity
OOO'
Gal.
Usable
Capacity
OOO'
Gal.
Type of
Reservoir Construction
(Elevated, Pres- (Wood, Steel
urized, Boosted) Concrete)
Reservoir #1 000 000 Elevated Concrete
Reservoir #2 000 000 Elevated Concrete
(Duplicate form and attach if necessary. Asterisk facilities added this year.
Rev 3/02 Page 10
Name: Resort Water Co.. Inc.
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 31-Dec-
Pump information for ALL system pumps, including wells and boosters.
Designation or Location
& Type of Pump
Rated
Capacity
(gpm)
Discharge
Pressure
(psi)
Energy
Used
This Year
Horse
Power
N/A
** Submit pump curves unless previously provided or unavailable. Asterisk facilities added this year.
Attach additional sheets if inadequate space is available on this page.
If Wells are metered:
What was the total amount pumped this year?
What was the total amount pumped during peak month?
What was the total amount pumped on the peak day?
660 808
874 201
167,435
If customers are metered, what was the total amount sold in peak month?N/A
Was your system designed to supply fire flows?
If Yes: What is current system rating?
Yes
Note 6
How many times were meters read this year?
During which months?N/A
How many additional customers could be served with no system improvements
except a service line and meter?
How many of those potential additions are vacant lots?
10 Are backbone plant additions anticipated during the coming year?
If Yes, attach an explanation of projects and anticipated costs!
Yes
EXHIBIT C
In what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded?2006
Rev 3/02 Page 11
Name: Resort Water Co.. Inc.
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 31-Dec-
FEET OF MAINS
Pipe
Size
In Use
Beginning
Of Year
Installed
During
Year
Abandoned
During
Year
In Use
End of
Year
9223 9223
CUSTOMER STATISTICS
Number of Customers Thousands of Gallons Sold
TOTALS (Add lines 2 through 8)
This Last This Last
Year Year Year Year
268.265.
121 123.
389.389 660 808 232 080
Note 4
Metered:
Residential
Commercial
Industrial
Flat Rate:
Residential
Commercial
Industrial
Private Fire Protection
Public Fire Protection
Street Sprinkling
Municipal, Other
Other Water Utilities
Rev 3/02 Page 12
Resort Water Co., Inc
2005 Annual Report
EXHIBIT A: AFFILIATED COMPANIES
See Note 7
Affiliate Services Provided
Schweitzer Utility Company LLC
500 Union St, Ste 200
Seattle WA 98101
This company provides sewer, road snowplowing and cable TV services to
Schweitzer Mountain. All employees who do work for the Company are
employees of this company. The Company is operated from the offices of the
Schweitzer Utility Company, and costs in common are allocated between the 4
operations (sewer, water, cable TV and snowplowing).
Schweitzer Mountain Real Estate LLC
500 Union St, Ste 200
Seattle WA 98101
This company owns the land that the Company operates it's wells and
reservoirs on. This company also is the entity that developed the White Pine
Lodge condominiums, which owe hook-up fees to RWC which are to be paid by
contributing the reservoir that is currently being developed.
Schweitzer Mountain Ski Operations LLC
500 Union St, Ste 200
Seattle WA 98101
This company provides the company s offices, office phones, tech services
human resources services and the CFO oversees the finances of the
Company. This company also owns the land that the Company uses for its
wells and reservoirs, which results in a large property tax allocation to it. This
company also is the entity that developed the White Pine Lodge
condominiums, which owe hook-up fees to Company which are to be paid by
contributing the reservoir that is currently being developed.
Schweitzer Mountain LLC
500 Union St, Ste 200
Seattle WA 98101
This company owns the shares of the Company.
Schweitzer Mountain Facilities LLC
500 Union St, Ste 200
Seattle WA 98101
This company owns land and does not provide a service to the Company.
Resort Water Co., Inc
2005 Annual Report
EXHIBIT B: SUMMARY OF RULES
February 1 , 2005
To Our Customers:
This is a summary of the rules for deposit and termination of service for all Resort Water Company customers as
determined by the Idaho Public Utilities Commission (lPUC). These rules cover the rights and responsibilities of the
customer and the utility. An explanation of our rate schedule has also been included.
Questions concerning this information may be directed to:
Resort Water Company
165 Village Lane , Suite A
Sandpoint, Idaho 83864
[phone]
IPUC
Consumer Assistance
Post Office Box 83720
Boise, Idaho 83720-0074
[phone]
800-432-0369
Rate Schedule Information
Most Resort Water Company customers are billed under the following flat rate schedule. However, some customers may
be billed under other specific tariffs. Please call the Resort Water Company if there are any questions about the rate used
for your billing.
General Flat Rate Service
Resort Water Company bills each current customer each month. The bill is a flat rate of $44.80 per Equivalent
Residential Unit (ERU).
Miscellaneous Charges
Resort Water Company believes that the cost of providing special services should be borne by those customers
responsible for incurring the costs. The handling of returned checks, accounts that are disconnected for non-payment and
after hour service are some examples of special services. These miscellaneous charges are as follows:
Returned checks will be assessed a $15.00 handling fee.
Reconnection of service due to termination for non-payment if the service is interrupted for less than 30 days is
$20.00 during normal business hours and $60.00 if after hours.
Reconnection of service due to any reason if the service is interrupted for greater than 30 days can be
calculated based on the tariff charged for four months during normal business hours and can be calculated
based on the tariff charged for four months plus $60.00 if after business hours.
Field collection trip charge is $15.
In most cases, these fees must be paid prior to service being granted or restored.
Deposits/Payment Guarantees
The IPUC service rules allow utilities to ask for deposits or payment guarantees under specific conditions. At this time,
Resort Water Company does not require deposits or payment guarantees.
Rules for Termination of Service
Termination with Prior Notice
With proper customer notification, Resort Water Company may deny or terminate water service for one of the following
reasons:1. Nonpayment of a past due billing, payment of a past due billing with any check not honored by the bank, or
insufficient funds on an electronic payment;2. Failure to abide by the terms of a payment arrangement;3. Obtaining service by misrepresentation of identity;
Willfully wasting service through improper equipment or otherwise;
Failure to apply for service.
Termination without Prior Notice
Resort Water Company may deny or terminate water service without prior notice for one of the following reasons:
1. A situation exists that is immediately dangerous to life, physical safety or property;
2. To prevent a violation of federal, state or local safety or health codes;3. Service is obtained, diverted or used without the authorization of Resort Water Company;4. Resort Water Company has diligently attempted to notify the customer of termination and has been unable to
make contact;5. If ordered by any court, the Commission, or any other duly authorized public authority.
Notification
1. A billing may be considered past due fifteen (15) days after the billing date. A written notice of termination must
be mailed at least seven (7) days before the proposed termination date.2. At least twenty-four (24) hours before the service is terminated, another attempt shall be made to contact the
customer in person or by telephone.3. If service is terminated, a notice will be left at the property advising the customer of the necessary steps to have
service restored.
Only a twenty-four (24) hour notice is required if:
4. The initial payment of a payment arrangement is not made or the initial payment is made with a check not
honored by the bank;5. Payment is made by check to a company representative at the premises to prevent termination and the check is
not honored by the bank.
Additional Notice
If service is not terminated within twenty-one (21) calendar days after the proposed termination date, Resort Water will
begin the notice process again with the seven (7) day written notice.
Payment Arrangements and Special Circumstances
If the customer cannot pay the billing in full or receives a notice of termination, payment arrangements can be made to
avoid termination of service. Please call the Resort Water Company at [phone].
If the customer cannot pay the billing and a member of the household is seriously ill or there is a medical emergency,
Resort Water will postpone termination of service for thirty (30) days. A written certificate is required from a licensed
physician or public health official stating the name of the person who is ill and the name, title, and signature of the person
certifying the serious illness or medical emergency.
Restriction on Termination of Service
Service cannot be terminated if:
1. The past due billing is less than $50.00 or two (2) months of service, whichever is less;
2. The unpaid billing is for service to another customer;
3. The billing is for charges other than water service.
Service cannot be disconnected on Friday after 2:00pm, on Saturday, Sunday, legal holidays recognized by the state of
Idaho, or after 2:00 pm on any day immediately preceding any legal holiday. Service may be terminated only between the
hours of 8:00 am and 4:00 pm.
The employee sent to the premises to terminate service will identify himself/herself to the customer and state the purpose
of the visit. This employee is authorized to accept payment in full on the account.
If service is terminated for anyone of the conditions listed, Resort Water has employees available for reconnection as
soon as the situation is corrected.
Complaint Procedure
If at any time there is a complaint concerning termination of service, policies and practices, or any other matter regarding
our service, please contact Resort Water in person, by telephone or in writing. The complaint will be investigated
promptly and thoroughly. The customer will be notified orally or in writing of the results of the investigation, and we will
make every effort to resolve the complaint.
If the customer is dissatisfied with the proposed resolution of the complaint, the IPUC may be asked to review the matter.
The service will not be disconnected while the complaint is being investigated by the utility or the IPUC.
Resort Water Co., Inc
2005 Annual Report
EXHIBIT C: NEW WATER RESERVOIR INFORMATION
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New Schweitzer LLC and Subsidiaries
Consolidated Balance Sheet
For the Four Months Ending December 31, 2005
07/03/06
01 :12 PM
DecelT"""~
~OO~
Der-.ember
ASSETS
PROPERTY, PLANT & EQUIPMENT
Bldgs & Lsehld Improvements
Construction in Progress
TOTAL PROPERTY, PLANT & EQUIPMENT
Less Accumulated Depreciation
$997 885.45
14,473.
012 359.
(271 898.14)
$997 885.45
291.
998,176.
(228 768.47)
NET PROPERTY, PLANT & EQUIPMENT 740,461.769,408.
CURRENT ASSETS
Accounts & Other Receivables
Intercompany Receivable/Payable
Prepaid Expenses
TOTAL OTHER ASSETS
567.90)
(225,731.23)
2,404.
(231 895.05)
(8,567.90)
(332 205.68)
2,404.
(338,369.50)
TOTAL ASSETS 508,566.431,038.
LIABILITIES & MEMBERS' EQUITY
CURRENT LIABILITIES
Property Taxes
Unearned Revenue & Deposits
Common Stock
Retained Earnings
Current Year Income (Loss)
861.861.
308.308.
170.170.
433 926.46 433 926.46
962.43 (31 605.25)
507.547.
485,395.407,868.
508,566.431,038.
TOTAL CURRENT LIABILITIES
TOTAL CAPITAL
TOTAL LIABILITIES & MEMBERS' EQUITY
Resort Water 07/03106
Department Operating Statement 01:13PM
Current Budget COf11)iIratlve
For the Four Months Ending December 31 , 2004
CURRENT MONTH CURRENT MONTH CURRENT MONTH YEAR TO DATE YEAR TO DATE YEAR TO DATE
ACTUAL BUDGET PRIOR ACTUAL BUDGET PRIOR
SALES
48020 SM USAGE FEES $12706 100.00%$17.401 100.00%$50953 100.00%$69.604 100.00%
TOTAL SALES 12,706 100.00%401 100.00%50,953 100.00%604 100.00%
DIRECT EXPENSES
PAYROLL
WAGES/SALARIES
55050 SM SAlARIES & WAGES 621 28.50%790 15832 31.07%17.078 lliili
TOTAL WAGES/SALARIES 621 28.50%790 21.78%15,832 31.07%078 24.54%
BURDEN
55965 SM PAYROLL TAXES 333 62%379 18%392 73%708 45%
55985 SM WORKERS COMP 125 98%220 26%506 99%992 43%
TOTAL BURDEN 458 60%599 44%898 73%700 88%
EMP BENEFITS
56465 SM INSURANCE 106 83%292 68%048 06%605 31%
56800 EMPLOYEE MEAL DISCOUNT 00%12%02%
TOTAL EMP BENEATS 106 83%313 60%056 07%689 43%
TOTAL PAYROLL 185 32.94%702 27.02%786 36.87%21,467 30.84%
OPERATING EXPENSES
60010 OPERATING SUPPLIES 41%264 52%374 73%056 52%
50182 VEHICLE MAINTENANCE 321 53%23%388 76%160 23%
60875 CHEMICALS 57%28%146 29%192 28%
60880 OPERATING MAINTENANCE 00%600 60%123 24%200 60%
61600 UNIFORMS 00%200 29%
62620 UTILITY MARKING 00%329 65%
62630 FUEL COSTS OPS 59%0.40%347 68%280 40%
62650 MONITORING 202 59%22%600 18%367 53%
62660 TELEPHONE OPS 00%312 79%248 79%
64100 DUES & SUBSCRIPTIONS 00%965 55%240 47%965 39%
64300 EMPLOYEE RELATIONS 00%09%
64700 TRAINING 00%300 43%
65150 OFFICE SUPPLIES 20%29%124 24%204 29%
65160 POSTAGE & TELEGRAMS 06%11%01%11%
65160 TELEPHONE 0.46%20%316 62%140 20%
65300 BANK SERVICE CHARGES 00%01%01%
65500 PROFESSIONAL FEES 00%417 2.40%309 61%668 2.40%
65560 ADMINISTRATIVE SERVICES 00%228 31%142 28%912 31%
65900 TRAVEL 00%29%200 29%
65905 SM MEALS 00%14%100 14%
68100 ELECTRICITY COST 337 65%233 34%936 84%932 34%
70100 MANAGEMENT FEES 00%350 01%1.400 01%
72100 REAL ESTATE TAXES 480 78%762 38%919 77%048 38%
72200 PERSONAL PROPERTY TAXES 00%01%01%
72500 MISC. TAXES & LICENSES 00%01%269 53%01%
72700 IPUC EXPENSE 468 68%49%550 93%344 49%
73010 INSURANCE 295 32%392 25%921 81%568 25%
74250 SM INTEREST EXP - TRADE 00%00%
75100 DEPRECIATION EXPENSE 645 28.69%000 22.99%14.579 28.61%16.000 22.99%
TOTAL OPERATING EXPENSES 039 47.53%188 52.80%620 52.24%34,632 49.76%
TOTAL DIRECT EXPENSES 10,224 80.47%890 79.82%406 89.11%099 80.60%
INCOME(LOSS)482 19.53%511 20.18%547 10.89%505 19.40%
Resort Water 07/03106
Depart"..,nt Operating State"..,nt 01:12PM
Current Budget ComparativeFor the Four Months Ending Decermer 31, 2005
CURRENT MONTH CURRENT MONTH CURRENT MONTH YEMTODATE YEMTODATE YEMTODATE
ACTUAL -.JL BUDGET -.JL PRIOR -.JL ACTUAL -.JL BUDGET -.JL PRIOR -.JL
SALES
48020 SM USAGE FEES $17401 100.00%$17401 100.00%$12706 100.00%$70.424 100.00%$69.604 100.00%$50953 100.00%
TOTAL SALES 401 100.00%401 100.00%706 100.00%70,424 100.00%604 100.00%953 100.00%
DIRECT EXPENSES
PAYROLL
WAGES/SAlARIES
55050 SM SAlARIES & WAGES 5211 29.95%3790 21.78%3621 28.50%16476 23.40%17.078 24.54%15832 .llilli
TOTAL WAGES/SAlARIES 5,211 29.95%790 21.78%621 28.50%476 23.40%078 24.54%832 31.07%
BURDEN
55965 SM PAYROLL TAXES 435 50%379 18%333 62%391 98%708 45%392 73%
55985 SM WORKERS COMP 185 06%220 26%125 98%598 85%992 506 99%
TOTAL BURDEN 620 56%599 44%458 60%989 82%700 88%898 73%
EMP BENEFITS
56485 SM INSURANCE 429 2.47%292 68%106 83%714 43%605 31%048 06%
56800 EMPLOYEE MEAL DISCOUNT 00%12%12%02%
TOTAL EMP BENEFITS 429 47%313 80%108 83%714 43%689 43%056 07%
TOTAL PAYROLL 6,260 35.97%702 27.02%185 32.94%179 28.65%21,467 30.84%786 36.87%
OPERATING EXPENSES60010OPERATING SUPPLIES 03%264 52%41%107 15%056 52%374 73%
60182 VEHICLE MAINTENANCE 00%23%321 53%B22 17%160 23%388 76%
60875 CHEMICALS 00%28%57%545 77%192 28%146 29%
60860 OPERATING MAINTENANCE 00%600 60%719 02%200 60%123 24%
61600 UNIFORMS 22%117 17%200 29%
62620 UTILITY MARKING 04%03%329 85%
62630 FUEL COSTS OPS 05%0.40%59%113 16%280 0.40%347 68%
62650 MONITORING 32%22%202 59%155 64%367 53%600 18%
62660 TELEPHONE OPS 20%312 79%198 28%248 79%
84100 DUES & SUBSCRIPTIONS 00%965 55%532 18%965 39%240 47%
64300 EMPLOYEE RELATIONS 00%09%
64700 TRAINING 00%128 18%300 43%
65150 OFFICE SUPPLIES 713 10%29%20%083 54%204 29%124 24%
85160 POSTAGE & TELEGRAMS 07%11%06%02%11%01%
65180 TELEPHONE 21%20%46%311 44%140 20%316 62%
65300 BANK SERVICE CHARGES 00%01%01%
65500 PROFESSIONAL FEES 51%417 40%493 70%668 40%309 61%
65560 ADMINISTRATIVE SERVICES 00%228 31%325 46%912 31%142 28%
85900 TRAVEL 00%29%08%200 29%
65905 SM MEALS 00%14%100 14%
68100 ELECTRICITY COST 343 97%233 34%337 85%198 70%932 34%936 84%
70100 MANAGEMENT FEES 00%350 01%400 01%
72100 REAL ESTATE TAXES 670 85%762 38%480 78%299 26%048 38%919 77%
72200 PERSONAL PROPERTY TAXES 00%01%01%
72500 MISC. TAXES & LICENSES 06%01%01%01%269 53%
72700 IPUC EXPENSE 00%49%468 68%05%344 49%55D 93%
73010 INSURANCE 00%392 25%295 32%318 45%568 25%921 81%
74250 SM INTEREST EXP - TRADE 00%00%00%
75100 DEPRECIATION EXPENSE 3.430 19.71%000 22.99%645 28.69%14,149 16.000 14.579 28.61%
TOTAL OPERATING EXPENSES 455 31.35%188 52.80%039 47.53%740 36.55%632 49.76%820 5224%
TOTAL DIRECT EXPENSES 11,715 67.32%890 79.82%10,224 80.47%919 65.20%099 80.60%406 89.11%
INCOME(LOSS)686 32.68%511 20.18%482 19.53%505 34.80%505 19.40%547 10.89%
CERTIFICATE
State of Idaho
County of
~ ss
, the undersigned /c; lru
!1 ;.0 V 1fffir~ er f!.(J-
utility, on our oath do severally say that the foregoing report has been prepared under our direction
from the original books, papers and records of said utility; that we have carefully examined same, and
declare the same to be a correct statement of the business and affairs of said utility for the period
covered by the report in respect to each and every matter and thing therin set forth , to the best of our
knowledge , information and belief.
and
of the
~~-
(Chief Officer) Director for Resort Water CO.
de:(Officer in Charge of Accounts)
Subscribed and Sworn to Before Me
:~L
NOTARY PUBLIC
My Commission Expires /1//1 lOb
"'Ulllllllilllllllllllllllllll,
Debra A. Harper
= ...
Notary Public
... =
State..,f idaho "III8IItIIIIIIIIIIIIIlIlIlIllI\~
gdklexcel~nelso n/an ul rptslwtrann ual rpl
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