2020Annual Report.pdf

RE$-N
AI{IYUAL REPORT
OF
1?+-=.,r+cSo.k" Co [.,.-
NAME
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
YEAR ENDED 2020
\bs \ ttot€-=kE+E, Sr..,',AfoM[,CD g'1W-\
ADDRESS
ANNUAL REPORT FOR WATER UTIUTIES TO THE IDAHO PUBUC UTIUTIES COI4MISSION
FORTHE YEAR ENDING 2O2O
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
8 Zip Code
9 Organization(proprietor,partnership,corp.)
10 Towns, Counties served
Resort Water Company, INC.
LLIL9IL998
Minnesota
165 Village Lane, Suite A.
Sandpoint
Idaho
83864
corporation
Schweitzer mountain-a portion of township
58N2W section 20 Bonner County
11
t2
t7
18
Are there any affiliated companies? (yes or no. Yes
Contact Information
President (Owner)
Vice President
Secretary
General Manager/Director
Complaints or Billing
Engineering
Emergency Service
Accounting
Name
Tom Trulock
Thomas Trulock
Beate Clark
Third
Thomas Trulock
Beate Clark
Phone No.
13 Were any water systems acquired during the year or any additions/deletions made
to the service area during the year? YES
L4 Where are the Company's books and records kept?
Street Address 165 Village Lane, Suite A.
City Sandpoint
State Id
83864
NAME: Resort Water Company, INC.
COMPANY INFORMATION (Cont.) pg 2 For the Year Ended
15 Is the system operated or maintained under a service contract? NO
16 If yes: With whom is the contract?
When does the contract expire?
What services and rates are included?
zip
2020
Is water purchased for resale through the system?NO
Name of Organization
Name of owner or operator
Mailing Address
City
State
zip
208-255-3046
208-255-3046
208-255-3042
208-255-3046
208-255-3042
If yes:
Gallons/CCF $Amount
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 ldaho Department of Environmental Quality
recommended any improvements? NO
If yes, attach full explanation
2l Number of Complaints received during year co
Quality of Service
High Bills
Disconnection
22 Number of Customers involuntarily disconnectt
23 Date customers last received a copy of the Summary
of Rules required by IDAPA 3L.2L.Ot.7Ol?
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 explanatlon and an updated system map
NAME:Resort Water Company, INC.
REVENUE & EXPENSE DETAIL
SUB ACCT DESCRIPTION
0
0
0
0
0
2/Ll2OL7
For the Year Ended 2020
p93
1
2
3
4
5
6
7
8
460
46L.L
46t.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
400 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
6OL.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-B Materials & Supplies - Administrative & General
2s3,s10.00
Booked to Acct #
Booked to Acct #
Booked to Acct #
6L844
t3743
L3743
48101
1 1954
2649
2325
30890
253510.00
9
10
11
t2
13
t4
15
16
L7
18
19
20
2t 2L60
13743t
22
23
24
25
26
27
28
29
30
31
32
33
63t-34
635
636
64L-42
650
656-59
660
665
667
670
675
Contract Services - Professional
Contract Services - Water Testing
Contract Services - Other
Rentals - Property & Equipment
Transportation Expense
Insurance
Advertising
Rate Case Expense (Amortization)
Regulatory Comm. Exp. (Other except taxes)
Bad Debt Expense
Miscellaneous
p94
L6377
2875
525
L4230
8551
0
682
For the Year Ended
Total Operating Expenses (Add lines LZ - 32, also enter on Pg 4, line 2 230660.00
NAME: Resort Water Company, INC
INCOME STATEMENT
SUB ACCT DESCRIPTION
2020
I
2
3
4
5
6
7
I
9A
9B
9C
9D
10
11
t2
13
t4
15
16
t7
18
19
20
2t
22
23
24
25
26
27
28
29
30
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) DEQ Fees
253510
230650.00
403
406
407
408.10
408.1 1
408.12
408.13
409.10
409.1 1
410.10
410.1 1
4LL
4L2
7576t.OO
11,266.00
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 lnterest (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 lines 21,25,26, &.27)
Gross Income (add lines 19 & 28)
Interest Exp, on Long-Term Debt
3L7647
4L3
4L4
4t5
416
4L9
420
42t
426
408.20
409-20
-64177
0
427.3
-64177
31
32
427.5
NAME: Resort Water Company, INC.
ACCOUNT 101 PIANT IN SERVICE DETAIL
SUB ACCT DESCRIPTION
Other Interest Charges
NET INCOME (Line 29 less lines 30 & 31), (Also Enter on Pg 9, Line 2)
0
-64L77
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
For the Year Ended
Added Removed
During During
Year Year
For the Year Ended
Balance Balance
Beginning End of
of Year Year
p95 2020
Balance
Beginning
of Year
Balance
End of
Year
1
2
3
4
5
q
7
8
9
301
302
303
304
305
306
307
308
309
310
311
320
330
331
333
334
335
336
339
340
34t
342
343
344
345
346
347
348
374755
1035599.49
20954.51
16613.01
3941.91
774L.65
10
l1
t2
13
L4
15
16
t7
18
19
20
2L
22
23
24
25
26
27
28
29 TOTAL PIANT IN SERVICE 1459605.57
(Add lines 1 - 28) Enter beginning & end of year totals on Pg 7, Line 1
NAME: Resort Water Company, INC.
ACCUMUTATED DEPRECIATION ACCOUNT 108. 1 DETAIL
pg 6 Depreciation
Rate
SUB ACCT DESCRIPTION o/o
2020
Increase
or
1
2
304
305
Structures and Improvements 78395.99
356592.43
0
0
0
374755
1035599.49
0
0
0
20954.51
0
0
16613.01
0
0
0
0
3941.91
0
0
0
774t.65
0
0
0
0
0
0
0
o
0 0 1459605.57
74845.95 3550.04
335021.19 2t57L.24Collecting & Impounding Reservoirs 2o/o &2.5o/o
2o/o
3
4
5
6
7
I
9
10
11
L2
13
l4
15
16
L7
18
19
20
2L
22
23
24
25
26
306
307
308
309
310
311
320
330
331
333
334
335
336
339
340
34L
342
343
344
345
346
347
348
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
TOTATS (Add Lines 1 - 25)
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. - Propefi Held for Future Use
Accum. Amoft. - Utility Plant in Service
Accum. Amort. - Utility Plant Lease to Others
Accumulated Amortization - Aquisition Adj.
Net Utlllty Plant (Line 6 less lines 7 - L2)
Investment in Subsidiaries
Other Investments
Total Investments (Add lines 14 & 15)
4o/o
2o/o
2o/o
8342.73
13400.99
L747.
Enter beginning & end of year totals on Pg 7, Line 7
NAME: Resort Water Company, INC
BAI.ANCE SHEET
ASSETS
SUB ACCT DESCRIPTION
For the Year Ended
Balance
Beginning
of Year
Increase
or
(Decrease)
2020
Balance
End of
Year
1
2
3
4
5
6
7
8
9
10
11
L2
13
L4
15
16
123
t25
101
102
103
105
7t4
108.1
108.2
108.3
1 10.1
110.2
115
0I
0I
0I
7923.591 4L9.14
0I
0
t2736.5L1 664.48
0I
0I
0
0
164e.011 98.83841
0
0
0
0
0
0
0
0I
0I
0
0
432t76.251 458479.981 26303.73
7764728 7874757 1 10029
0
0
0
0
L764728 L874757 1 10029
tLo5224 1180985.00 7576t
0
0
0
0
0
559504 693772 34268
0
0
0 0 0
L7
18
19
20
2L
22
23
24
25
26
27
28
29
30
31
2
3
4
5
6
7
8
9
10
11
t2
13
L4
15
16
L7
18
19
20
2L
22
23
24
25
26
27
131
135
t4L
t42
145
151
L62
t73
t43
181
183
184
186
201-3
204-6
207-t3
2L4
2L5
2t6
218
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)
NAME: Resort Water Company, INC.
BAI.ANCE SHEET
LIABILITIES & CAPITAL
SUB ACCT
For the Year Ended
Balance
Beginning
of Year
433926.46
433926.46
13685.58
2020
Balance
End of
Year
Increase
or
(Decrease)
1
DESCRIPTION
Common Stock
Preferred Stock
Miscellaneous Capital Accounts
Appropriated Retained Earnings
Unappropriated Retained Earnings
Reacquired Capital Stock
Proprietary Capital
Total Equity Capltal (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
22L-2
223
224
23L
232
233
235
236.L1
236.t2
236.2
237-40
24L
25L
252
253
255.1
255.2
261-5
27L
0
0
10404.95 24899.L L4494.t5
0
0
0
0
0
0
10404.95 24899.L L4494.t5
o
0
0
0
569908.95 7ta67L.L 48762.L5
433926.46
433926.46 0
45082.55 3L395.97
28
29
30
31
272
281-3
Accum. Amort. of Contrib. in Aid of Const. **
Accumulated Deferred Income Taxes
Total Llabllltles (Add lines 9 - 29)
TOTAL LIABILITIES & CAPITAL ( Add lines 8 & 30)
** Only lf Commlssion Approved
Interest
Rate
Resort Water Company, INC
NAME: Resort Water Company, INC.
STATEMENT OF RETAINED 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
13686.
447673.O4
For the Year Ended
No. Shares
Authorized
Year-end
Balance
For the Year Ended
170991.25
2020
-64L77
106814.25
8 Description
No. Shares
Outstandin
Interest
Paid
Dividends
Paid
Interest
Accrued
Totals
NAME:
SYSTEM ENGINEER.ING DATA 2020
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
Water
Supply
Source
45082.55 31395.97
479009.01 31395.97
100
0
0 0 0
Pu nation or location
Well #4
Well#5
Well#5
TOTAI-S
3 System Storage:
Storage Designation or Location
Capacity
Total
Capacity
000's
Gal.
Fluoride
Filter etc.)
Usable
Capacity
000's
Gal.
Production
(000's Gal.)
Type of
Reservoir
(Elevated
Pressurized
(Well, Spring,
Surface Wtr)
Construction
(Wood,
Steel
Con
2020
Energy used
.this Year
Reservoir #1
Reservolr #2
Reservolr #3
NAME; Resoft Water Company, INC.
SYSTEM ENGINEERING DATA Contlnued 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 & Type of Pump**(hp)
Well #4
Well #5
Well#5
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
h
5
17,410,880
2,010,8u
93 CL2 Soda Ash 6,564,800 Well
150 CL2 Soda Ash 7,134,800 Well
70 CL2 Soda Ash 1,688,500 Well
15388100
45,000.00 45,000.00 concrete
60,000.00 60,000.00 concrete
200,000.00 200,000.00 concrete
15HP 93
5HP 150
2HP 70
August
What was the total amount pumped on the peak day? gal. L2|L3/2O2O
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 this 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 explanatlon of proJects and anticlpated costs!
11 In what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded?
NAME: Resort Water Company, INC.
SYSTEM ENGINEERING DATA Contlnued
FEET OF MAINS
For the Year Ended
t7t,t84
6
7
8
N/A
yes
Class 5
N/A
N/A
98
98
NO
unknown
2020
1 Pipe
Size
8 plus others
CUSTOII,I E R STATISTICS
Metered:
Residential
Commercial
Industrial
Flat Rate:
Residential
Commercial
Industrial
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
Abandoned
During
Year
Installed
During
Year
In Use
End of
Year
Thousands of Gallons Sold
2
2A
28
2C
3
3A
3B
3C
4
5
6
7
8
25,457 Ff 25,457 Ff
This
Year
Last
Year
This
Year
Last
Year
311 307
142 L42
453 449 0 0
CERTIFIGATE
State of ldaho
SS
Countv of Bornr..-rr
tnis-1Aoay of A2 /'rl , ?u>l
{
l,zLl-,t e ??-WE, the undersig O oqr
of the A G_T l,?4c-
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 corect 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
AVv -
(Chief Officer)
(Officer in
Subscribed and Swom to Before Me
)
nA U**'
NoTARy pUBLlc Mcte-*l- fiztc tVceur
My Commission Expires 5 -tVLoL4
Rev 3/02 Page 13
gd Uexcel/jnelson/anulrpts^,vtrannual rpt