2022Annual Report.pdf

RES-W
RECEIVED
2023 May 9,3:56PM
IDAHO PUBLIC
ANNUA L REPOR
ÌIIESCOMMISSION
OF
Resort Water Company,Inc
NAME
165 Village Lane,Suite A,Sandpoint,Idaho 83864
ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
YEAR ENDED 2022
ANNUAL REPORT FOR WATER UTILITIESTO THE IDAHO PUBLIC UTILITIESCOMMISSION
FOR THE YEAR ENDING 2022
pg 1
COMPANY INFORMATION
1 Give full name of utility Resort Water Company,INC.
2 Date of Organization 11/19/1998
3 Organized under the laws of the state of Minnesota
4 Address of Principal Office (number &street)165 Village Lane,Suite A.
5 P.O.Box (if applicable)
6 City Sandpoint
7 State Idaho
8 Zip Code 83864
9 Organization (proprietor,partnership,corp.)Corporation
10 Towns,Counties served Schweitzer mountain-a portion of township
58N2W section 20 Bonner County
11 Are there any affiliated companies?(yes or no)Yes
12 Contact Information Name Phone No.
President (Owner)Tom Trulock 208-255-3046
Vice President
Secretary
General Manager/Director Thomas Trulock 208-255-3046
Complaints or Billing Kyle Eichelberger 208-255-3041
Engineering Third party
Emergency Service Thomas Trulock 208-255-3046
Accounting Kyle Eichelberger 208-255-3041
13 Were any water systems acquired during the year or any additions/deletions made
to the senrice area during the year?No
14 Where are the Company's books and records kept?
Street Address 165 Village Lane,Suite A.
City Sandpoint
State ID
Zip 83864
NAME:Resort Water Company,INC.
COMPANY INFORMATION (Cont.)pg 2 For the Year Ended 2022
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?
17 Is water purchased for resale through the system?No
18 If yes:Name of Organization
Name of owner or operator
Mailing Address
City
State
Zip
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 Idaho Department of Environmental Quality
recommended any improvements?No
If yes,attach full explanation
21 Number of Complaints received during year concerning:0
Quality of Service 0
High Bills O
Disconnection 0
22 Number of Customers involuntarily disconnected 0
23 Date customers last received a copy of the Summary
of Rules required by IDAPA 31.21.01.701?2/1/2017
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
NAME:Resort Water Company,INC.
REVENUE &EXPENSE DETAIL For the Year Ended 2022
SUB ACCT DESCRIPTION pg 3
400 REVENUES
1 460 Unmetered Water Revenue 310,792.09
2 461.1 Metered Sales -Residential
3 461.2 Metered Sales -Commercial,Industrial
4 462 Fire Protection Revenue
5 464 Other Water Sales Revenue
6 465 Irrigation Sales Revenue
7 466 Sales for Resale
8 400 Total Revenue (Add Lines 1 -7)310,792.09
(also enter result on Page 4,line 1)Booked to Acct #
9 *DEQ Fees Billed separately to customers Booked to Acct #
10 **Hookup or Connection Fees Collected Booked to Acct #
11 ***Commission Approved Surcharges Collected
401 OPERATINGEXPENSES
12 601.1-6 Labor -Operation &Maintenance 148,386.64
13 601.7 Labor -Customer Accounts 5,835.21
14 601.8 Labor -Administrative &General 5,835.21
15 603 Salaries,Officers &Directors 61,615.09
16 604 Employee Pensions &Benefits 24,635.09 221,672.14
17 610 Purchased Water
18 615-16 Purchased Power &Fuel for Power 4,816.39
19 618 Chemicals 3,198.66
20 620.1-6 Materials &Supplies -Operation &Maint.121,525.08
21 620.7-8 Materials &Supplies -Administrative &General 682.53
22 631-34 Contract Services -Professional 36,259.79
23 635 Contract Services -Water Testing 1,479.91
24 636 Contract Services -Other 289.73
25 641-42 Rentals -Property &Equipment
26 650 Transportation Expense 49,918.58
27 656-59 Insurance 19,225.75
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 1,274.01
33 Total Operating Expenses (Add lines 12 -32,also enter on Pg 4,line 2)484,977.66
NAME:Resort Water Company,INC.
INCOME STATEMENT pg 4 For the Year Ended 2022
SUB ACCT DESCRIPTION
1 Revenue (From Page 3,line 8)310,792.09
2 Operating Expenses (From Page 3,line 33)484,977.66
3 403 Depreciation Expense 80,326.16
4 406 Amortization,Utility Plant Aquisition Adj.
5 407 Amortization Exp.-Other
6 408.10 Regulatory Fees (PUC)
7 408.11 Property Taxes 7,100.00
8 408.12 Payroll Taxes 20,133.73
9A 408.13 Other Taxes (list)DEQ Fees
9B
9C
9D
10 409.10 Federal Income Taxes
11 409.11 State Income Taxes
12 410.10 Provision for Deferred Income Tax -Federal
13 410.11 Provision for Deferred Income Ta× -State
14 411 Provision for Deferred Utility Income Tax Credits
15 412 InvestmentTax Credits -Utility
16 Total Expenses from operations befom Interest (add lines 2-15)592,537.55
17 413 Income From Utility Plant Leased to Others
18 414 Gains (Losses)From Disposition of Utility Plant
19 Net Operating Income (Add lines 1,17 &18 less line 16)(281,745.46)
20 415 Revenues,Merchandizing Jobbing and Contract Work
21 416 Expenses,Merchandizing,Jobbing &Contracts
22 419 Interest &Dividend Income
23 420 Allowance for Funds used During Construction
24 421 Miscellaneous Non-Utility Income
25 426 Miscellaneous Non-Utility Expense
26 408.20 Other Taxes,Non-Utility Operations
27 409-20 Income Taxes,Non-Utility Operations
28 Net Non-Utility Income (Add lines 20,22,23 &24 less lines 21,25,26,&27)
29 Gross Income (add lines 19 &28)(281,745.46)
30 427.3 Interest Exp.on Long-Term Debt
31 427.5 Other Interest Charges
32 NET INCOME (Line 29 less lines 30 &31),(Also Enter on Pg 9,Line 2)(281,745.46)
NAME:Resort Water Company,INC.
ACCOUNT101 PLANT IN SERVICE DETAIL pg 5 For the Year Ended 2022
Balance Added Removed Balance
Beginning During During End of
SUB ACCT DESCRIPTION of Year Year Year Year
1 301 Organization
2 302 Franchises and Consents
3 303 Land &Land Rights
4 304 Structures and Improvements 2,012,176.87 2,012,176.87
5 305 Collecting &Impounding Reservoirs
6 306 Lake,River &Other Intakes
7 307 Wells
8 308 Infiltration Galleries &Tunnels
9 309 Supply Mains
10 310 Power Generation Equipment
11 311 Power Pumping Equipment
12 320 Purification Systems
13 330 Distribution Reservoirs &Standpipes
14 331 Trans.&Distrib.Mains &Accessories
15 333 Services
16 334 Meters and Meter Installations
17 335 Hydrants
18 336 Backflow Prevention Devices
19 339 Other Plant &Misc.Equipment 22,823.85 22,823.85
20 340 Office Furniture and Equipment
21 341 Transportation Equipment 8,984.19 8,984.19
22 342 Stores Equipment
23 343 Tools,Shop and Garage Equipment
24 344 Laboratory Equipment
25 345 Power Operated Equipment
26 346 Communications Equipment
27 347 Miscellaneous Equipment
28 348 Other Tangible Property
29 TOTAL PLANT IN SERVICE 2,043,984.91 --2,043,984.91
(Add lines 1 -28)Enter beginning &end of year totals on Pg 7,Line 1
NAME:Resort Water Company,INC.
ACCUMULATEDDEPRECIATION ACCOUNT 108.1 DETAIL For the Year Ended 2022
pg 6 Depreciation Balance Balance Increase
Rate Beginning End of or
SUB ACCT DESCRIPTION %of Year Year (Decrease)
1 304 Structures and Improvements 2%1,229,694.11 1,310,020.14 80,326.03
2 305 Collecting &ImpoundingReservoirs
3 306 Lake,River &Other Intakes
4 307 Wells
5 308 Infiltration Galleries &Tunnels
6 309 Supply Mains
7 310 Power Generation Equipment
8 311 Power Pumping Equipment
9 320 Purification Systems
10 330 Distribution Reservoirs &Standpipes
11 331 Trans.&Distrib.Mains &Accessories
12 333 Services
13 334 Meters and Meter Installations
14 335 Hydrants
15 336 Backflow Prevention Devices
16 339 Other Plant &Misc.Equipment
17 340 Office Furniture and Equipment
18 341 Transportation Equipment 2%8,984.19 8,984.19
19 342 Stores Equipment
20 343 Tools,Shop and Garage Equipment
21 344 Laboratory Equipment
22 345 Power Operated Equipment
23 346 Communications Equipment
24 347 Miscellaneous Equipment 2%22,823.85 22,823.85
25 348 Other Tangible Property
26 TOTALS (Add Lines 1 -25)1,261,502.15 1,341,828.18 80,326.03
Enter beginning &end of year totals on Pg 7,Line 7
NAME:Resort Water Company,INC.
BALANCE SHEET For the Year Ended 2022
ASSETS Balance Balance Increase
Beginning End of or
SUB ACCT DESCRIPTION of Year Year (Decrease)
1 101 Utility Plant in Service (From Pg 5,Line 29)2,027,894.79 2,043,984.91 16,090.12
2 102 Utility Plant Leased to Others -
3 103 Plant Held for Future Use -
4 105 Construction Work in Progress
5 114 Utility Plant Aquisition Adjustment
6 Subtotal (Add Lines 1 -5)2,027,894.79 2,043,984.91 16,090.12
7 108.1 Accumulated Depreciation (From Pg 6,Line 26)1,261,502.02 1,341,828.18 80,326.16
8 108.2 Accum.Depr.-Utility Plant Lease to Others
9 108.3 Accum.Depr.-Property Held for Future Use
10 110.1 Accum.Amort.-Utility Plant in Service
11 110.2 Accum.Amort.-Utility Plant Lease to Others
12 115 Accumulated Amortization -Aquisition Adj.
13 Net Utility Plant (Line 6 less lines 7 -12)766,392.77 702,156.73 (64,236.04)
14 123 Investment in Subsidiaries
15 125 Other Investments
16 Total Investments (Add lines 14 &15)--
17 131 Cash
18 135 Short Term Investments
19 141 Accts/Notes Receivable -Customers
20 142 Other Receivables
21 145 Receivables from Associated Companies
22 151 Materials &Supplies Inventory
23 162 Prepaid Expenses
24 173 Unbilled (Accrued)Utility Revenue
25 143 Provision for Uncollectable Accounts
26 Total Current (Add lines 17 -24,less line 25)---
27 181 Unamortized Debt Discount &Expense
28 183 Preliminary Survey &Investigation Charges
29 184 Deferred Rate Case Expenses
30 186 Other Deferred Charges
31 Total Assets (Add lines 13,16 &26 -30)766,392.77 702,156.73 (64,236.04)
NAME:Resort Water Company,INC.
BALANCE SHEET For the Year Ended 2022
LIABILITIES&CAPITAL Balance Balance Increase
Beginning End of or
SUB ACCT DESCRIPTION of Year Year (Decrease)
1 201-3 Common Stock 433,926.46 433,926.46
2 204-6 Preferred Stock
3 207-13 Miscellaneous Capital Accounts
4 214 Appropriated Retained Earnings
5 215 Unappropriated Retained Earnings (49,844.26)(331,589.71)(281,745.45)
6 216 Reacquired Capital Stock
7 218 Proprietary Capital
8 Total Equity Capital (Add Lines 1-5+7 less line 6)384,082.20 102,336.75 (281,745.45}
9 221-2 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 382,310.57 599,819.98 217,509.41
15 235 Customer Deposits (Refundable)
16 236.11 Accrued Other Taxes Payable
17 236.12 Accrued Income Taxes Payable
18 236.2 Accrued Taxes -Non-Utility
19 237-40 Accrued Debt,Interest &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 Investment Tax Credits -Utility
25 255.2 Accum.Investment 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 Income Taxes
30 Total Llabilities (Add lines 9 -29)382,310.57 599,819.98 217,509.41
31 TOTAL LIABILITIES&CAPITAL (Add lines 8 &30)766,392.77 702,156.73 (64,236.04)
**Only If Commission Approved
NAME:Resort Water Company,INC.
STATEMENTOF RETAINED EARNINGS For the Year Ended 2022
1 Retained Earnings Balance @ Beginning of Year (49,844.26)
2 Amount Added from Current Year Income (From Pg 4,Line 32)(281,745.46)
3 Other Credits to Account
4 Dividends Paid or Appropriated
5 Other Distributions of Retained Earnings
6 Retained Earnings Balance @ End of Year (331,589.72)
CAPITAL STOCK DETAIL
No.Shares No.Shares Dividends
7 Description (Class,Par Value etc.)Authorized Outstanding Paid
100
0
DETAIL OF LONG-TERMDEBT
Interest Year-end Interest Interest
8 Description Rate Balance Paid Accrued
Totals O O O
NAME:Resort Water Company,INC.
SYSTEM ENGINEERING DATA For the Year Ended 2022
1 Provide an updated system map if significant changes have been made to the system during the year.
2 Water Supply:Type of Water
Treatment:Supply
Rated (None,Chlorine Annual Source
Capacity Fluoride Production (Well,Spring,
Pump Designation or location (gpm)Filter etc.)(000's Gal.)Surface Wtr)
Well #4 93 None 6,936,300.00 Well
Well #5 150 None 7,590,800.00 Well
Well #6 70 None 2,960,700.00 Well
TOTALS 17,487,800.00
3 System Storage:
Type of
Total Usable Reservoir Construction
Capacity Capacity (Elevated (Wood,
000's 000's Pressurized Steel
Storage Designation or Location Gal.Gal.Boosted)Concrete)
Reservoir #1 45,000.00 45,000.00 Underground Concrete
Reservolr #2 60,000.00 60,000.00 Underground Concrete
Reservoir #3 200,000.00 200,000.00 Underground Concrete
NAME:Resort Water Company,INC.
SYSTEM ENGINEERING DATA Continued For the Year Ended 2022
4 Pump information for ALL system pumps,including wells and boosters.
Rated Rated Discharge Energy used
Horse power Capacity Pressure this Year
Designation or Location &Type of Pump**(hp)(gpm)(psi)(Kwh)
Well #4 15HP 93
Well #5 5HP 150
Well #6 2HP 70
5 If Wells are metered:
What was the total amount pumped this year?000's gal.17,487,800.00
What was the total amount pumped during peak month?000's gal.December 2,408,607.00
What was the total amount pumped on the peak day?gal.249,594.00 249,594.00
6 If customers are metered,what was the total amount sold in peak month?000's gal.N/A
7 Was your system designed to supply fire flows?Yes
If Yes:What is current system rating?Class 5
8 How many times were meters read this year?N/A
During which months?N/A
9 How many additional customers could be served with no system improvements 121
except a service line and meter?
How many of those potential additions are vacant lots?121
10 Are backbone plant additions anticipated during the coming year?No
If Yes,attach an explanation of projects and anticipated costs!0
11 In what year do you anticipate that the system capacity (supply,storage or distribution)
will have to be expanded?2023
NAME:Resort Water Company,INC.
SYSTEM ENGINEERING DATA Continued For the Year Ended 2022
FEET OF MAINS
In Use Installed Abandoned In Use
1 Pipe Beginning During During End of
Size OfYear Year Year Year
8 plus others 25,457 FT.25,457 FT.
CUSTOMER STATISTICS
Number of Customers Thousands of Gallons Eold
This Last This Last
Year Year Year Year
2 Metered:
2A Residential
2B Commercial
2C Industrial
3 Flat Rate:
3A Residential 308 308
3B Commercial 231 231
3C Industrial
4 Private Fire Protection
5 Public Fire Protection
6 Street Sprinkling
7 Municipal,Other
8 Other Water Utilities
TOTALS (Add lines 2 through 8)539 539 0 0
CERTIFICATE
State of Idaho )
)ss
County of )
WE,the undersigned Thomas 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.
)ss
County of )
WE,the undersigned Thomas Trulock
and Rod Engel
of the Resort Weter 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 utllity for the period
covered by the report In respect to each and every matter and thing therin set folth,to the best of our
knowledge,informatlon and bellef
l BRENDAKLIND
Notary Public -State of Idaho (Chief Officer)
Commission Number 20182281
My Commission Expires Nov 19,2024
(Officer In Charge of Accounts)
Subscribed and Sworn to Before Me
NOTARY PUBLIC
My Commission Expires
L seover