2018Annual Report.pdf

RES-1,
A]Y]YTIAL REPORT
OF
RESORT WATER COMPANY INC.
NAME
165 VILLAGE LANE, SANDPOINT, ID 83864
ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
YEAR ENDED 2018
\?
(.J
{-
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
FORTHE YEAR ENDING 2018
p9 1
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
B Zip Code
9 Organization(proprietor,partnership,corp.)
10 Towns, Counties served
Resort Water CompanY, INC
tL/L9/1998
Minnesota
165 Village Lane, Suite A.
Sandpoint
Idaho
83864
corporation
Schweitzer mountain-a portion of township
58N2W section 20 Bonner County
11
L2
Are there any affiliated companies? (yes or no)Yes
Contact Information Name
President (Owner)
Vice President
Secretary
General Manager/Director
Complaints or Billing
Engineering
Emergency Service
Accounting
Phone No.
Tom Trulock
Thomas Trulock
Beate Clark
Third
Thomas Trulock
Beate Clark
13 Were any water systems acquired during the year or any additions/deletions made
to the service area during the year? YES
Where are the Company's books and records kept?
Street Address 165 Village Lane, Suite A.
City Sandpoint
State Id
83864
74
zip
208-255-3046
208-255-3046
208-zss-3042
208-25s-3046
208-zss-3042
NAME: Resort Water Company, INC.
COMPANY INFORMATION (Cont.) pg 2
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?
Is water purchased for resale through the system?
For the Year Ended
NO
20 1B
L7
1B
NO
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 Department of Environmental Quality? No
If yes, attach full explanation
20 Has the Idaho Department of Environmental Quality
recommended any improvements? NO
If yes, attach full explanation
2L Number of Complaints received during year conc
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 3L,2L.OL.70t?
Attach a copy of the Summary
24 Did significant additions or retirements from the
Plant Accounts occur during the year? None
If yes, attach full explanation and an updated system map
Gallons/CCF $Amount
0
0
0
0
0
2/L/20L7
Tom
NAME Resort Water Company, INC
REVENUE & EXPENSE DETAIL
SUB ACCT DESCRIPTION
For the Year Ended 2018
p93
1
2
3
4
5
6
7
8
460
46t.1
46L,2
4OO REVENUES
Unmetered Water Revenue
Metered Sales - Residential
Metered Sales - Commercial, Industrial
462 Fire Protection Revenue
464 Other Water Sales Revenue
465 Irrigation Sales Revenue
466 Sales for Resale
4OO Total Revenue (Add Lines 1 - 7)
(also enter result on Page 4, line 1)
* DEQ Fees Billed separately to customers
** Hookup or Connection Fees Collected
***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.L-6
620.7-8
63 1-34
63s
636
64t-42
6s0
656-59
660
666
667
670
675
254,740.66
Booked to Acct #
Booked to Acct #
Booked to Acct #
49398,95
5185.6
5185.6
30820.83
8587.52
23t2.7
33L7.7
40454.23
462,73
t6072.05
2556.36
369. s
8611.3
73L7.t3
0
381.55
254740.66
9
10
11
t2
13
t4
15
16
t7
18
19
20
2L
22
23
24
25
26
27
28
29
30
31
32
33
90s90,98
Materials & Supplies - Operation & Maint.
Materials & Supplies - Administrative & General
Contract Services - Professional
Contract Services - Water Testing
Contract Services - Other
Rentals - Property & Equipment
Tra nsportation Expense
Insura nce
Advertising
Rate Case Expense (Amortization)
Regulatory Comm. Exp. (Other except taxes)
Bad Debt Expense
Miscellaneous
Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2) 181033.75
NAME: Resort Water Company, INC.
INCOME STATEMENT
SUB ACCT DESCRIPTION
p94 For the Year Ended 2018
1
2
3
4
5
6
7
8
9A
9B
9C
9D
10
11
L2
13
L4
15
16
17
18
19
20
4t3
4t4
Revenue (From Page 3, line B)
Operating Expenses (From Page 3, line 33)
Depreciation Expense
Amortization, Utility Plant Aquisition Adj.
Amoftization Exp. - Other
Regulatory Fees (PUC)
Property Taxes
Payroll Taxes
Other Taxes (list) DEQ Fees
254740.66
181033.75
403
406
407
408,10
408.1 1
408.t2
408.13
409,10
409.1 1
410.10
410.1 1
4LL
4L2
26303.73
6,L33.72
7,281.38
Federal Income Taxes
State Income Taxes
Provision for Deferred Income Tax - Federal
Provision for Deferred Income Tax - State
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 20,22,23 & 24 less lines2L,25,26, &.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)
8691.93
229444.5L
2t
4t5
416
4t9
420
42t
426
408.20
409-20
427.3
427.5
25296.Ls
0
25296.L5
0
25296.15
22
23
24
25
26
27
28
29
30
31
32
NAME: Resort Water Company, INC.
ACCOUNT 101 PI-ANT IN SERVICE DETAIL
SUB ACCT DESCRIPTION
p95 For the Year Ended
Added Removed
During During
Year Year
20 18
Balance
Beginning
of Year
Balance
End of
Year
1
2
3
4
5
6
7
I
9
10
11
L2
13
t4
15
16
t7
18
19
20
2l
22
23
24
25
26
27
28
29
301
302
303
304
30s
306
307
308
309
310
311
320
330
331
333
334
33s
336
339
340
341
342
343
344
345
346
347
348
Organization
Franchises and Consents
Land & Land Rights
Structures and Improvements
Collecting & Impounding Reservoirs
Lake, River & Other Intakes
Wells
Infiltration Galleries & Tunnels
Supply Mains
Power Generation Equipment
Power Pumping Equipment
Purification Systems
Distribution Reservoirs & Standpipes
Trans. & Distrib. Mains & Accessories
Services
Meters and Meter Installations
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
20229L.82
1035599.49
20954.5 1
16613.01
3941.91
774L.65
TOTAL PI.ANT IN SERVICE L287L42.
(Add lines 1 - 28) Enter beginning & end of year totals on Pg 7, Line 1
0
0
0
57488 259779.82
103s599.49
0
0
0
20954.51
0
0
16613.01
0
0
0
0
3941.91
0
0
0
7741,65
0
0
0
0
0
0
0
0
1344630.39574880
NAME: Resort Water Company, INC.
ACCU M U I.ATED DEPRECIATION ACCOU NT 1 08. 1 DETAIL
p96
SUB ACCT DESCRIPTION
Depreciation
Rate
o/o
2o/o &.2.5o/o
For the Year Ended
Balance
Beginning
of Year
20 18
Balance
End of
Year
Increase
or
1
2
3
4
5
6
7
B
9
10
11
t2
L4
15
16
77
1B
19
20
304 Structures and Improvements
305 Collecting & Impoundlng Reservoirs
306 Lake, River & Other Intakes
307 Wells
308 Infiltration Galleries & Tunnels
309 Supply Mains
310 Power Generation Equipment
311 Power Pumping Equipment
320 Purification Systems
330 Distribution Reservoirs & Standpipes
331 Trans. & Distrib. Mains & Accessories
333 Services
334 Meters and Meter Installations
335 Hydrants
336 Backflow Prevention Devices
339 Other Plant & Misc. Equipment
340 Office Furniture and Equipment
341 Transportation Equipment
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 L - 25)
Enter beginning & end of year totals on Pg 7, Line 7
2
4o/o
2o/o
2o/o
13
2L
22
23
24
25
26
67745.87 3550.04
29L878.7L 2t57t.24
0
0
0
7085,3 1 419,14
0
0
1 1407.55 664.48
0
0
0
0
1451.35 98.83
0
0
0
0
0
0
0
0
0
0
7t295.9t
313449.9s
12072.03
7504.45
15s0.18
0
379568.79 405872.52 26303.73
NAME: Resort Water Company, INC.
BAI.ANCE SHEET
ASSETS
SUB ACCT
For the Year Ended
Balance
Beginning
of Year
20 18
Balance
End of
Year
Increase
or
SC
1
2
3
4
101
ro2
103
105
LL4
108.1
108,2
108.3
110.1
LLO,2
115
DESCRIPTION
Utility Plant in Service (From Pg 5, Line 29)
Utility Plant Leased to Others
Plant Held for Future Use
Construction Work in Progress
Utility Plant Aquisition Adjustment
subtotal (Add Lines 1 - 5)
Accumulated Depreciation (From Pg 6, Line 26)
Accum. Depr, - Utility Plant Lease to Others
Accum. Depr. - Property Held for Future Use
Accum, Amort. - Utility Plant in Service
Accum. Amort. - Utility Plant Lease to Others
Accumulated Amortization - Aquisition Adj.
Net Utility Plant (Line 6 less lines 7 - L2)
Investment in Subsidiaries
Other Investments
Total Investments (Add lines 14 & 15)
Cash
Short Term Investments
Accts/Notes Receivable - Customers
Other Receivables
Receivables from Associated Companies
Materials & Supplies Inventory
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 & Investigation Charges
Deferred Rate Case Expenses
Other Deferred Charges
Total Assets (Add lines 13, 16 & 26 - 30)
5
6
7
B
9
10
11
L2
13
T4
15
16
t7
1B
19
20
2t
22
23
24
25
26
27
28
29
30
31
123
t25
131
135
t4L
t42
t45
151
L62
L73
t43
181
183
L84
186
1287142.39 L344630.39 57488
0
0
n
0
L287t42.39 1344630.39 57488
379568.79 405872.52 26303.73
0
0
0
0
0
907573.6 938757.87 3Lt84.27
0
0
0 0 0
0
0
1 6943.56 18236.96 L293.4
0
0
0
0
0
0
16943.56 18236.96 L293.4
0
0
0
0
9s6994.839245L7.L6 32477.67
NAME: Resort Water Company, INC.
BAI.ANCE SHEET
SUB ACCT
For the Year Ended
Balance
Beginning
of Year
433926.
433926.46
L4129,37
L4L29.37
448055.83
2018
LIABILITIES & CAPITAL
DESCRIPTION
Common Stock
Preferred Stock
Miscellaneous Capital Accounts
Appropriated Retained Earnings
Unappropriated Retained Earnings
Reacquired Capital Stock
Proprietary Capital
Total Equity Capital (Add Lines 1-5+7 less line 6)
Bonds
Advances from Associated Companies
Other Long - Term Debt
Accounts Payable
Notes Payable
Accounts Payable - Associated Companies
Customer Deposits (Refundable)
Accrued Other Taxes Payable
Accrued Income Taxes Payable
Accrued Taxes - Non-Utility
Accrued Debt, Interest & Dividends Payable
Misc. Current & Accrued Liabilities
Unamortized Debt Premium
Advances for Construction
Other Deferred Liabilities
Accumulated Investment Tax Credits - Utility
Accum. Investment Tax Credits - Non-Utility
Operating Reserves
Contributions in Aid of Construction
Accum. Amort. of Contrib, in Aid of Const. xx
Accumulated Deferred Income Taxes
Total Liabilities (Add lines 9 - 29)
TOTAL LIABILITIES & CAPITAL ( Add lines 8 & 30)
** Only if Commission Approved
Balance
End of
Year
Increase
(Decrease)
or
1
2
3
4
5
6
1
8
9
10
11
t2
13
L4
15
16
L7
18
19
20
2L
22
23
24
25
26
201-3
204-6
207-L3
214
2t5
2t6
218
27
22L-2
223
224
231
232
233
235
236,11
236.L2
236.2
237-40
24L
25t
252
2s3
255.1
255.2
26L-5
27r
272
28 1-3
28
29
30
31
433926.46
433926.46 0
18236,96 4t07.59
18236.96 4107.59
452L63.42 4t07.59
NAME: Resort Water Company, INC.
STATEMENT OF REIAINED EARNINGS
1 Retained Earnings Balance @ Beginning of Year
2 Amount Added from Current Year Income (From Pg 4, Line 32)
3 Other Credits to Account
4 Dividends Paid or Appropriated
5 Other Distributions of Retained Earnings
6 Retained Earnings Balance @ End of Year
CAPITAL STOCK DETAIL
7 Description (Class, Par Value etc.)
DETAIL OF LONG-TERM DEBT
For the Year Ended
No. Shares
Authorized
Year-end
Balance
246695.27
2018
25296.t5
27t99L.42
Interest
Rate
No. Shares
Outsta
Interest
Paid
Dividends
Paid
Interest
AccruedB Description
Totals
100
0
0 0 0
NAME:Resort Water Company, INC.
SYSTEM ENGINEERING DATA For the Year Ended
1 Provide an updated system map if significant changes have been made to the system during the year.
2 Water Supply: Type of
Treatment:
Rated (None, Chlorine Annual
Capacity Fluoride Production
Pump on or location pm)Filter etc.) (000's Gal.)
Well #4
Well #5
Well #6
TOTALS
3 System Storage:
Type of
Reservoir
(Elevated
Pressurized
Storage Designation or Location Boosted
Reservoir #1
Reservoir #2
Reservoir #3
2018
Total
Capacity
000's
Gal.
Usable
Capacity
000's
Gal.
Water
Supply
Source
(Well, Spring,
Surface Wtr)
Construction
(Wood,
Steel
Concrete
93 CL2 Soda Ash 3,350,200 Well
150 CL2 Soda Ash 7,906,3OO Well
70 CL2 Soda Ash 5,511,700 Well
16768200
45,000.00 45,000.00 concrete
60,000.00 60,000,00 concrete
200,000.00 200,000.00 concrete
NAME: Resort Water Company, INC.
SYSTEM ENGINEERING DATA Continued For the Year Ended
4 Pump information for ALL system pumps, including wells and boosters.
Rated Rated Discharge
Horse power Capacity Pressure
Designation or Location &of Pum (hp)(spm)
Well #4
Well #5
Well #6
If Wells are metered:
What was the total amount pumped this year? 000's gal.
What was the total amount pumped during peak month? 000's gal. December
What was the total amount pumped on the peak day? gal. L2/4/2OLB
If customers are metered, what was the total amount sold in peak month? 000's gal.
Was your system designed to supply fire flows?
If Yes: What is current system rating?
How many times were meters read thls year?
During which months?
9 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!
11 In what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded?
2018
Energy used
this Year
h
5
L9,201,729
2,533,882
213,746
6
7
N/A
B
yes
Class 5
N/A
N/A
t02
L02
NO
unknown
15HP 93
5HP 150
2HP 70
NAME: Resort Water Company, INC.
SYSTEM ENGINEERING DATA Continued
FEET OF MAINS
Pipe
Size
8 us others
CUSTOMER STATISTICS
Metered:
Residential
Commercial
Industria I
Flat Rate:
Residential
Commercial
Industria I
Private Fire Protection
Public Fire Protection
Street Sprinkling
Municipal, Other
Other Water Utilities
TOTALS (Add lines 2 through 8)
In Use
Beginning
Of Year
Number of Customers
For the Year Ended
Installed
During
Year
Abandoned
During
Year
2018
1
In Use
End of
Year
Thousands of Gallons Sold
2
2A
28
2C
3
3A
3B
3C
4
5
6
7
B
25,457 FT,25,457 FT ,
ThiS
Year
Last
Year
This
Year
LaSt
Year
307 301
L42 142
449 443 0 0
CERTIFICATE
State of Idaho
ss
County of
WE, the undersign omas Trulock
and_ Rod Engel
of the_ Resort Water Company, Inc.
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.
o LO14/!
(Chief Officer)
in Charge of
Subscribed and Sworn to Before Me
,,iis 14 aavof @3
NOTARY PUBLIC
My Commission Expires _05/14/2024
igw*w{Yl eZr. " clt c*-'