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Home My WebLink About1999Annual Report.pdfANNUAL REPORT OF STONERIDGE WATER COMPANY NAME 1204 East South Temple,Salt Lake City,Utah 84102 ADDRESS TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDED DECEMBER 31,1999 ANNUAL REPORTFOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDING December 31,1999 COMPANY INFORMATION 1 Give full name of utility Stoneridge Water Company 2 Date of Organization February 29,1992 3 Organized under the laws of the state of Idaho 4 Address of Principal Office (number &street)1204 East South Templ e 5 P.O.Box (if applicable) 6 City Salt Lake City 7 State Utah 8 Zip Code 84102 9 Organization(proprietor,partnership,corp.)Proprietorship 10 Towns,Countiesserved Blanchard -onl y Stoneridge Development 11 Are there any affiliated companies?No If yes,attach a list with names,addresses &descriptions.Explain any services provided to the utility. 12 Contact Information Name Phone No. President(Owner)Keith E.Garner (801)364-0316 Vice President Secretary Susan Stewart (801)364-0316 General Manager Keith Rusho (208)437-4216 Complaintsor Billing Jenet Jackson (801)364-0316 Engineering Eric Eldenberq (208)437-2641 EmergencyService Keith Rusho (208)43/-4216 Accounting 13 Were any water systems acquired during the year or any additions/deletionsmade to the service area during the year? If yes,attach a list with names,addresses &descriptions.Explain any servicesprovidedtotheutility. 14 Where are the Company's books and records kept? Street Address 1204 East South Templ e City Salt Lake City State Utah Zip 84102 Rev7/99 Page 1 NAME:Stoneridge Water Company COMPANY INFORMATION(Cont.) For the Year Ended December 31,1999 15 Is the system operatedor maintained under a service contract?No 16 If yes:With whom is the contract? When does the contract expire? What servicesand 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 Divisionof EnvironmentalQuality?No If yes,attach full explanation 20 Has the Idaho Division of EnvironmentalQuality recommendedany improvements?Yes If yes,attach full explanation (Clorination System Added)21 Numberof Complaintsreceivedduring year concerning: Quality of Service High Bills Disconnection 22 Numberof Customersinvoluntarilydisconnected 0 23 Date customers last receiveda copy of the Summary of Rules requiredby IDAPA 31.21.01.701? Attach a copy of the Summary 24 Did significant additions or retirementsfrom the Plant Accounts occur during the year?No If yes,attach full explanation and an updated system map Rev7/99 Page 2 NAME:Stoneridge Water Company REVENUE &EXPENSE DETAIL For the Year Ended December 31,1999 ACCT #DESCRIPTION 400 REVENUES 1 460 UnmeteredWater Revenue 6000 2 461.1 MeteredSales -Residential 2692 3 461.2 Metered Sales -Commercial,Industrial 9719 4 462 Fire Protection Revenue 5 464 Other Water Sales Revenue (hookups)2000 6 465 IrrigationSales Revenue 7 466 Sales for Resale 8 400 Total Revenue (Add Lines 1 -7)20411 (also enter result on Page 4,line 1) 9 *DEQ Fees Billed separately to customers Booked to Acct # 10 **Hookupor ConnectionFees Collected Booked to Acct # 11 ***CommissionApproved SurchargesCollected Booked to Acct # 401 OPERATING EXPENSES 12 601.1-6 Labor -Operation &Maintenance 12900 13 601.7 Labor -CustomerAccounts 2884 14 601.8 Labor-Administrative &General 6000 15 603 Salaries,Officers &Directors 16 604 Employee Pensions &Benefits 17 610 PurchasedWater 18 615-16 Purchased Power &Fuel for Power 9414 19 618 Chemicals (Clorination System,to date)7860 20 620.1-6 Materials&Supplies-Operation&Maint.647 21 620.7-8 Materials &Supplies -Administrative &General 22 631-34 Contract Services -Professional 23 635 Contract Services-Water Testing 624 24 636 Contract Services-Other 2607 25 641-42 Rentals -Property &Equipment 26 650 Transportation Expense 206 27 656-59 Insurance 678 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 658 33 Total Operating Expenses (Add lines 12 -32,also enter on Pg 4,line 2)44478 Rev7/99 Page 3 Name:Stoneridge Water Company INCOMESTATEMENT For Year Ended December 31,1999ACCT#DESCRIPTION 1 Revenue (From Page 3,line 8)20411 2 Operating Expenses (From Page 3,line 33)44478 3 403 DepreciationExpense 22015 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 Payroll Taxes 1864 9A 408.13 OtherTaxes (list)DEQ Fees 9B 9C 9D 10 409.10 Federal income Taxes 11 409.11 State Income Taxes 12 410.10 Provisionfor Deferred Income Tax -Federal 13 410.11 Provision for Deferred IncomeTax -State 14 411 Provisionfor Deferred Utility income Tax Credits 15 412 InvestmentTax Credits -Utility 16 Total Expenses from operations before interest (add lines 2-15)68357 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)(47946) 20 415 Revenues,MerchandizingJobbing 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-UtilityIncome 25 426 MiscellaneousNon-Utility Expense 26 408.20 Other Taxes,Non-UtilityOperations 27 409-20 IncomeTaxes,Non-UtilityOperations 28 Net Non-UtilityIncome (Add lines 20,22,23 &24 less lines 21,25,26,&27) 29 Gross income (add lines 19 &28) 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)(47946) Rev7/99 Page 4 Name:Stoneridge Water Company ACCOUNT 101 PLANT IN SERVICE DETAIL For Year Ended December 31,1999 Balance Added Removed BalanceSUBBeginningDuringDuringEndofACCT#DESCRIPTION of Year Year Year Year 1 301 Organization 2 302 Franchises and Consents 3 303 Land &Land Rights 25000 25000 4 304 Structures and Improvements 330063 330063 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 included in 1 ine 4 12 320 PurificationSystems 7861 7861 13 330 Distribution Reservoirs&Standpipes 14 331 Trans.&Distrib.Mains &Accessories incl uded i n 1 ine 4 15 333 Services 16 334 Meters and Meter Installations 17 335 Hydrants 18 336 Backflow Prevention Devices 19 339 Other Plant &Misc.Equipment 20 340 Office Furnitureand Equipment 21 341 TransportationEquipment 22 342 Stores Equipment 23 343 Tools,Shop and Garage Equipment 24 344 Laboratory Equipment 25 345 Power Operated Equipment 26 346 CommunicationsEquipment 27 347 MiscellaneousEquipment 28 348 Other Tangible Property 29 TOTAL PLANT IN SERVICE 355063 362924 (Add lines 1 -28)Enter beginning &end of year totals on Pg 7,Line i Rev7/99 Page 5 Name:Stoneridge Water Company ACCUMULATED DEPRECIATIONACCOUNT 108.1 DETAIL For Year Ended December 31,1999 Depreciation Balance Balance IncreaseSUBRateBeginningEndoforACCT#DESCRIPTION %of Year Year (Decrease) 1 304 Structures and Improvements 6 2/3%96638 118653 22015 2 305 Collecting &ImpoundingReservoirs 3 306 Lake,River &Other intakes 4 307 Wells 5 308 InfiltrationGalleries&Tunnels 6 309 Supply Mains 7 310 Power GenerationEquipment 8 311 Power Pumping Equipment 9 320 PurificationSystems 10 330 DistributionReservoirs &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 Furnitureand Equipment 18 341 Transportation Equipment 19 342 Stores Equipment 20 343 Tools,Shop and Garage Equipment 21 344 Laboratory Equipment 22 345 Power Operated Equipment 23 346 CommunicationsEquipment 24 347 MiscellaneousEquipment 25 348 Other Tangible Property 26 TOTALS (Add Lines 1 -25)96638 118653 2201b Enter beginning&end of year totals on Pg 7,Line 7 Rev7/99 Page 6 Name:Stoneridge Water Company BALANCE SHEET For Year Ended December 31,1999 ASSETS Balance Balance Increase Beginning End of orACCT#DESCRIPTION of Year Year (Decrease) 1 101 Utility Plant in Service (From Pg 5,Line 29)355053 362924 7861 2 102 Utility Plant Leased to Others 3 103 Plant Held for Future Use 4 105 ConstructionWork in Progress 5 114 Utility Plant Aquisition Adjustment 6 Subtotal (Add Lines 1 -5) 7 108.1 Accumulated Depreciation (From Pg 6,Line 26)96638 118653 22015 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 AccumulatedAmortization -AquisitionAdj. 13 Net Utility Plant (Line 6 less lines 7 -12)258475 244271 14 123 Investmentin 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 Receivablesfrom Associated Companies 22 151 Materials&Supplies Inventory 23 162 Prepaid Expenses 24 173 Unbilled(Accrued)Utility Revenue 25 143 Provision for UncollectableAccounts 26 Total Current (Add lines 17 -24 less line 25) 27 181 Unamortized Debt Discount &Expense 28 183 PreliminarySurvey &InvestigationCharges 29 184 Deferred Rate Case Expenses 30 186 Other Deferred Charges 31 Total Assets (Add lines 13,16 &26 -30)258425 244271 Rev7/99 Page 7 Name:Stoneridge Water Company BALANCE SHEET ForYearEnded December 31,1999 LIABILITIES &CAPITAL Balance Balance Increase Beginning End of orACCT#DESCRIPTION of Year Year (Decrease) 1 201-3 Common Stock 2 204-6 PreferredStock 3 207-13 MiscellaneousCapitalAccounts 258425 244271 14154 4 214 Appropriated RetainedEarnings 5 215 UnappropriatedRetainedEarnings 6 216 ReacquiredCapital Stock 7 218 ProprietaryCapital 8 Total Equity Capital (Add Lines 1-5+7 less line 6) 9 221-2 Bonds 10 223 Advancesfrom 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) 16 236.11 Accrued Other Taxes Payable 17 236.12 Accrued Income Taxes Payable 18 236.2 Accrued Taxes -Non-Utility 19 237-40 Accrued Debt,Interest &DividendsPayable 20 241 Misc.Current &Accrued Liabilities 21 251 UnamortizedDebt Premium 22 252 Advances for Construction 23 253 Other DeferredLiabilities 24 255.1 Accumulated InvestmentTax Credits -Utility 25 255.2 Accum.InvestmentTax Credits -Non-Utility 26 261-5 Operating Reserves 27 271 Contributionsin Aid of Construction 28 272 Accum.Amort.of Contrib.in Aid of Const.** 29 281-3 Accumulated Deferred Income Taxes 30 Total Liabilities (Add lines 9 -29 31 TOTAL LIAB &CAPITAL (Add lines 8 &30) **Only if Commission Approved ***Operating deficit covered by Owner Rev7/99 Page 8 Name:Stoneridge Water Company STATEMENT OF RETAINED EARNINGS For Year Ended December 31,1999 1 Retained Earnings Balance @ Beginning of Year (46412) 2 Amount Added from Current Year Income(From Pg 4,Line 32)(47945) 3 OtherCredits to Account 4 Dividends Paid or Appropriated 5 Other Distributionsof Retained Earnings 6 RetainedEarnings Balance @ End of Year (94357) CAPITAL STOCK DETAIL No.Shares No.Shares Dividends 7 Description (Class,Par Value etc.)Authorized Outstanding Paid N/A DETAIL OF LONG-TERM DEBT Interest Year-end Interest Interest 8 Description Rate Balance Paid Accrued Rev7/99 Page 9 Name:Stoneridge Water Company SYSTEM ENGINEERINGDATA For Year Ended December 31,1999 1 Providean updatedsystem map if significant changes have been made to the system during the year. 2 Water Supply:Type of WaterTreatment:Supply Rated (None,Chlorine Annual Source Capacity Fluoride Production (Well,Spring,Pump Designationor location (gpm)Filter etc.)(000's Gal.)SurfaceWtr) #1 Stoneridge 125HP 800 We I I #2 Stoneridge 75HP 600 Well 3 System Storage: Total Usable Type of Capacity Capacity Reservoir Construction 000's 000's (Elevated,Pres-(Wood,SteelStorageDesignationorLocationGal.Gal.urized,Boosted)Concrete) ConcrPte Tarik St.pneridqe 315 315 Elevated Concrete (Duplicate form and attach if necessary.Asterisk facilities added this year.) Rev7/99 Page 10 Name:Stoneridge Water Company SYSTEM ENGINEERINGDATA (continued) For Year Ended December 31,1999 4 Pump information for ALL system pumps,including wells and boosters. Rated Discharge EnergyDesignationorLocationHorseCapacityPressureUsed &Type of Pump**Power (gpm)(psi)This Year Stoneridge #1 125 800 60-80Stoneridge#2 75 600 60-80 **Submit pump curves unless previously provided or unavailable.Asterisk facilities added this year.Attach additional sheets if inadequate space is available on this page. 5 If Wells are metered: What was the total amount pumped this year? What was the total amount pumpedduring peak month? What was the total amount pumped on the peak day? 6 If customers are metered,what was the total amount sold in peak month? 7 Was your system designed to supply fire flows? If Yes:What is current system rating? 8 How many times were meters read this year? During which months? 9 How many additional customers could be served with no system improvementsexceptaservicelineandmeter? How many of those potentialadditions are vacant lots? 10 Are backbone plant additions anticipated duringthe coming year?NoIfYes,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? Rev7/99 Page 11 Name:Stoneridge Water Company SYSTEM ENGINEERINGDATA (continued) For Year Ended December 31,1999 FEET OF MAINS In Use Installed Abandoned In UseiPipeBeginningDuringDuringEndofSizeOfYearYearYearYear CUSTOMERSTATISTICS Numberof Custcmers Thousandsof Gallons Sold This Last This Last Year Year Year Year 2 Metered: 2A Residential 2B Commercial 2C Industrial 3 Flat Rate: 3A Residential 3B Commercial 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) Rev7/99 Page 12 CERTIFICATE State ofXMPAXXX UTAH ) )ss Countyof Salt Lake ) WE,theundersigned Keith E.Garner and Eugene L.Kimball ofgW Stoneridge 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,informationand belief. (Chief Officer) fficer in Charge f Accounts) Subscribedand Swornto Before Me NOTARY PUBUCSUSANSTEWART2000m1204EASTSOUTHTEMPLE29thdofMarch , SALT LAKE CITY,UT 84102 this ay MY COMMISSlON EXPIRESJUNE15TH,2003STATEOFUTAH NOTARY PUBLIC My Commission Expires June 15,2003 gdklexcell¡nelsonlanultpts/wtrannuatrpt Rev7/99 Page 13