2014Annual Report.pdf

Res-tr/
AIY]YT]AL REPORT
OF
Q*tn-t V)o 1", 0n, &--n.
NAME
roof fl<L#bh€< y' 1?A sfr*
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
YEAR ENDED 2014
ANNUAL REPORT FORWATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING 2014
COMPANY INFORMATION
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
165 Villaqe Lane. Suite A.
Resort Water Co.lnc.
11t19t1998
Minnesota
Sandpoint
ldaho
corporation
Schweitzer Mountain - a portion of township 58N2W section 20
Bonner County
11 Are there any affiliated companies?Yes
!f yes, attach a list with names, addresses & descriptions. Explain any services
provided to the utility.
12 Contact lnformation
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? No
lf 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
City
State
Zip
165 Village Lane, Suite A.
Sandpoint
ldaho
83864
Name Phone No.
Rev 3/02 Page 1
NAME:Resort Water Company, lnc.
COMPANY INFORMATION (Cont.)
For the Year Ended 2014
15 ls the system operated or maintained under a
service contract?
16 lf yes: With whom is the contract?
When does the contract expire?
What services and rates are included?
17 ls water purchased for resale through the system?
'18 lf 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
ldaho Division of Environmental Quality?
lf yes, attach full explanation
20 Has the ldaho Division of Environmental Quality
recommended any improvements?
lf 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?
lf yes, attach full explanation
and an updated system map
No
No
Gallons/CCF $Amount
NO
Feb. 2014
No
Rev 3/02 Page2
*iue'
ACCT #
Resort Water Company, lnc.
REVENUE & EXPENSE DETAIL
For the Year Ended 2014
DESCRIPTION
1
2
3
4
5
6
7
8
460
461.1
461.2
462
464
465
466
400
4OO REVENUES
Unmetered Water Revenue
Metered Sales - Residential
Metered Sales - Commercial, lndustrial
Fire Protection Revenue
Other Water Sales Revenue
lrrigation Sales Revenue
Sales for Resale
Total Revenue (Add Lines 'l - 7)
(also enter result on Page 4, line 1)
227,267.84
2641.64
1 907.1 I
15937.19
2997.15
2781.96
2069.06
7947.14
5523.O7
1088.35
227,267.94
Booked to Acct #
Booked to Acct #
Booked to Acct #
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
9 . DEQ Fees Billed separately to customers
10 "* Hookup or Connection Fees Collected
11 ***Commission Approved Surcharges Collected
401 OPERATING EXPENSES
601.1-6 Labor - Operation & Maintenance
601.7 Labor - Customer Accounts
601.8 Labor - Administrative & General
603 Salaries, Officers & Directors
604 Employee Pensions & Benefits
610 Purchased Water
615-16 Purchased Power & Fuel for Power
618 Chemicals
620.1-6 Materials & Supplies - Operation & Maint.
620.7-8 Materials & Supplies - Administrative & General
631-34 Contract Services - Professional
635 Contract Services - Water Testing
636 Contract Services - Other
64142 Rentals - Property & Equipment
650 Transportation Expense
656-59 lnsurance
660 Advertising
666 Rate Case Expense (Amortization)
667 Regulatory Comm. Exp. (Other except taxes)
670 Bad Debt Expense
675 Miscellaneous
Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2)
5767.91
Rev 3/02 Page 3
126098.86
Name:RESORT WATER COMPANY. INC.
INCOME STATEMENT
ForYear Ended 2014
ACCT # DESCRIPTION
1 Revenue (From Page 3, line 8)
2 Operating Expenses (From Page 3, line 33)
3 403 Depreciation Expense
4 406 Amortization, Utility Plant Aquisition Adj.
5 407 Amortization Exp. - Other
6 408.10 Regulatory Fees (PUC)
7 408.11 Property Taxes
8 408.12 PayrollTaxes
9A 408.13 Other Taxes (list) DEQ Fees
26283.67
126098.86
227,267.84
163997.86
6660.89
4922.08
9B
9C
9D
10 409.10 Federal lncome Taxes
11 409.11 State lncome Taxes
'12 410.10 Provision for Deferred lncome Tax - Federal
13 410.11 Provision for Deferred lncome Tax - State
14 411 Provision for Deferred Utility lncome Tax Credits
15 412 lnvestment Tax Credits - Utility
16 Total Expenses from operations before interest (add lines 2-15)
17 413 lncome From Utility Plant Leased to Others
18 414 Gains (Losses) From Disposition of Utility Plant
19 Net Operating lncome (Add lines 1,17 &18less line 16)
20 415 Revenues, Merchandizing Jobbing and Contract Work
21 416 Expenses, Merchandizing, Jobbing & Contracts
22 419 lnterest & Dividend lncome
23 420 Allowance for Funds used During Construction
24 421 Miscellaneous Non-Utility lncome
25 426 Miscellaneous Non-Utility Expense
26 408.20 Other Taxes, Non-Utility Operations
27 409-20 lncome Taxes, Non-Utility Operations
28 Net Non-Utility lncome (Add lines 20,22,23 & 24less \ines21,25,26, &27)
Gross lncome (add lines 19 & 28)
30 427.3 lnterest Exp. on Long-Term Debt
31 427.5 Other lnterest Charges
32 NET INCOME (Line 29 less lines 30 & 31) (Also Enter on Pg 9, Line 2)
32.36
63269.98
29 63269.98
10.9
Rev 3/02 Page 4
63259.08
Name: RESORT WATER COMPANY. lNC.
ACCOUNT 1OI PLANT IN SERVICE DETAIL
For Year Ended 2014
SUB
ACCT #
Balance
Beginning
of Year
Added
During
Year
Removed
During
Year
Balance
End of
Year
202291.82
1035599.49
20954.51
16613.01
3941.91
7741.65
1287142.39
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
301
302
303
304
305
306
307
308
309
3'10
311
320
330
331
333
334
335
336
339
340
341
342
343
344
345
346
347
348
DESCRIPTION
Organization
Franchises and Consents
Land & Land Rights
Structures and lmprovements
Collecting & lmpounding Reservoirs
Lake, River & Other lntakes
Wells
lnfiltration Galleries & Tunnels
Supply Mains
Power Generation Equipment
Power Pumping Equipment
Purification Systems
Distribution Reservoirs & Standpipes
Trans. & Distrib. Mains & Accessories
Services
Meters and Meter lnstallations
Hydrants
Backflow Prevention Devices
Other Plant & Misc. Equipment
Office Furniture and Equipment
Transportation Equipment
Stores Equipment
Tools, Shop and Garage Equipment
Laboratory Equipment
Power Operated Equipment
Communications Equipment
Miscellaneous Equipment
Other Tangible Property
TOTAL PLANT IN SERVICE
(Add lines 1-28)
202291.82
1035599.49
20954.51
16613.01
3941.9'1
7741.65
1287142
end of year totals on Pg 7, Line 1
Rev 3/02 Page 5
RESORT WATER COMPANY
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
For Year Ended 2014
SUB
ACCT #
304
305
306
307
308
309
310
311
320
330
331
333
334
335
336
339
340
341
342
343
344
345
346
347
348
Depreciation
Rate
Yo
Balance
Beginning
of Year
Balance
End of
Year
1
2
3
4
5
6
7
I
I
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
DESCRIPTION
Structures and lmprovements
Collecting & lmpounding Reservoirs 2o/o + 2.5o/o
Lake, River & Other lntakes
Wells
lnfiltration Galleries & Tunnels
Supply Mains
Power Generation Equipment
Power Pumping Equipment
Purification Systems
Distribution Reservoirs & Standpipes
Trans. & Distrib. Mains & Accessories
Services
Meters and Meter lnstallations
Hydrants
Backflow Prevention Devices
Other Plant & Misc. Equipment
Office Furniture and Equipment
Transportation Equipment
Stores Equipment
Tools, Shop and Garage Equipment
Laboratory Equipment
Power Operated Equipment
Communications Equipment
Miscellaneous Equipment
Other Tangible Property
TOTALS (Add Lines 1 - 25)
57095.83
227164.99
3550
21571.24
6247.13 419.056
9414.O3 664.52
1174.85 78.85
26283.666274813.164
Enter beginning & end of year totals on Pg 7, Line 7
Rev 3/02 Page 6
Name:RESORT WATER COMPANY, INC.
BALANCE SHEET
ACCT #
For Year Ended
ASSETS
DESCRIPTION
101 Utility Plant in Service (From Pg 5, Line 29)
'102 Utility Plant Leased to Others
103 Plant Held for Future Use
105 Construction Work in Progress
114 Utility Plant Aquisition Adjustment
Subtotal (Add Lines 1 - 5)
108.1 Accumulated Depreciation (From Pg 6, Line 26)
108.2 Accum. Depr. - Utility Plant Lease to Others
108.3 Accum. Depr. - Property Held for Future Use
110.1 Accum. Amort. - Utility Plant in Service
'110.2 Accum. Amort. - Utility Plant Lease to Others
115 Accumulated Amortization - Aquisition Adj.
2014
1
2
3
4
5
6
7
8
I
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
123
't25
131
135
141
142
145
151
162
173
143
181
183
184
186
Net Utility Plant (Line 6 less lines 7 - 12)
lnvestment in Subsidiaries
Other lnvestments
Total lnvestments (Add lines 14 & 15)
Cash
Short Term lnvestments
Accts/Notes Receivable - Customers
Other Receivables
Receivables from Associated Companies
Materials & Supplies lnventory
Prepaid Expenses
Unbilled (Accrued) Utility Revenue
Provision for Uncollectable Accounts
Total Current (Add lines 17 -24 less line 25)
Unamortized Debt Discount & Expense
Preliminary Survey & lnvestigation Charges
Deferred Rate Case Expenses
Other Deferred Charges
Total Assets (Add lines 13, 16 & 26 - 30)
Balance
Beginning
of Year
1.287.142.39
7,142.39
19241.6
1031570.86
Balance
End of
Year
lncrease
or
301,096.82 26283.69
16545.4 -2696.2
1002590.97 -28979.89
1.287.142.39
7,142.39
274,813.13
Rev 3/02 Page 7
Name: RESORT WATER COMPANY. lNC.
BALANCE SHEET
For Year Ended
LIABILITIES & CAPITAL
DESCRIPTION
2014
ACCT #
Balance
Beginning
of Year
Balance
End of
Year
lncrease
or
(Decrease)
1 201-3 Common Stock
2 204-6 Preferred Stock
3 207-13 MiscellaneousCapitalAccounts
4 214 Appropriated Retained Earnings
5 215 Unappropriated Retained Earnings
6 216 Reacquired CapitalStock
7 218 Proprietary Capital
8 Total Equity Capital (Add Lines 1-5+7 less line 6)
I 221-2 Bonds
10 223 Advances from Associated Companies
11 224 Other Long - Term Debt
12 231 Accounts Payable
13 232 Notes Payable
14 233 Accounts Payable - Associated Companies
15 235 Customer Deposits (Refundable)
16 236.1'l Accrued Other Taxes Payable
'17 236.12 Accrued lncome Taxes Payable
18 236.2 Accrued Taxes - Non-Utility
19 23740 Accrued Debt, lnterest & Dividends Payable
20 241 Misc. Current & Accrued Liabilities
21 251 Unamortized Debt Premium
22 252 Advances for Construction
23 253 Other Deferred Liabilities
24 255.1 Accumulated lnvestment Tax Credits - Utility
25 255.2 Accum. lnvestment Tax Credits - Non-Utility
26 261-5 Operating Reserves
27 271 Contributions in Aid of Construction
28 272 Accum. Amort. of Contrib. in Aid of Const. **
29 281-3 Accumulated Deferred lncome Taxes
30 Total Liabilities (Add lines 9 - 29
31 TOTAL LIAB & CAPITAL ( Add lines 8 & 30)
433926.46 433926.46
433926.46 433926.46
1212.15
435138.61 435158.57
Rev 3/02
** Only if Commission Approved
Page 8
1
2
3
4
5
6
Name: RESORTWATERCOMPAN
STATEMENT OF RETAINED EARNINGS
For Year Ended 2014
Retained Earnings Balance @ Beginning of Year
Amount Added from Current Year lncome (From Pg 4, Line 32)
Other Credits to Account
Dividends Paid or Appropriated
Other Distributions of Retained Earnings
Retained Earnings Balance @ End of Year
CAPITAL STOCK DETAIL
359596.14
63259.08
422855.22
No. Shares No. Shares Dividends
Year-end lnterest lnterest
Description (Class. Par Value etc.)
DETAIL OF LONG-TERM DEBT
lnterest
Rev 3/02 Page 9
Name:
1
2
SYSTEM ENGINEERING DATA
For Year Ended 2014
Provide an updated system map if significant changes have been made to the system during the year.
Water Supply:
WELL #4
WELL #5
WELL# 6
3 System Storage:
or Location
Total
Capacity
000's
Gal.
RESERVOIR #1
RESERVOIR #2
RESERVOIR #3
(Duplicate form and attach if necessary. Asterisk facilities added this year.)
Type of WaterTreatment: Supply
(None, Chlorine Annual SourceFluoride Production (Well, Spring,
Type of
Reservoir Construction
(Elevated,Pres- (Wood, Steel
Rated
Capacity
Usable
Capacity
000's
Gal.
Rev 3/02 Page 10
Name: RESORTWATERCOMPAN
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 2014
Pump information for ALL system pumps, including wells and boosters.
Designation or Location
& Tvpe of
WELL #4
WELL #5
WELL #6
** Submit pump curves unless previously provided or unavailable. Asterisk facilities added this year.
Attach additional sheets if inadequate space is available on this page.
Horse
Power
Rated
Capacity
Discharge
Pressure
Energy
Used
This Year
't9,349,408.00
20't4 2,632,994.00
2014 240,352.00
Yes
class 5
lf Wells are metered:
What was the total amount pumped this year?
What was the total amount pumped during peak month? December
What was the total amount pumped on the peak day? December 4th
lf customers are metered, what was the total amount sold in peak month?
Was your system designed to supply fire flows?
!f Yes: What is current system rating?
How many times were meters read this year?
During which months?
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?
Are backbone plant additions anticipated during the coming year?
lf Yes, attach an explanation of projects and anticipated costs!
ln what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded?
43
43
NO10
11
Rev 3/02 Page 1 1
unknown
Name: RESORTWATERCOMPAN
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 2014
Metered:
Residential
Commercial
lndustrial
Flat Rate:
Residential
Commercial
lndustrial
Private Fire Protection
Public Fire Protection
Street Sprinkling
Municipal, Other
Other Water Utilities
FEET OF MAINS
ln Use
Beginning
Of Year
CUSTOMER STATISTICS
lnstalled
During
Year
Abandoned
During
Year
ln Use
End of
Year
2
2A
28
2C
3
3A
3B
3C
4
5
6
7
8
8 INCH AND OTHERS
Rev 3/02
TOTALS (Add lines 2 through 8)
Page 12
CERTIFIGATE
State of ldaho
Countv of
4r*t
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.
{/'.-
%,L
Subscribed and Sworn to Before Me
My Commission Expires
(Chief Officer)
tni"t|*^v
NOTARY PUBLIC
Rev 3/02 Page 13
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