2002Annual Report.pdf

'I
RECEIVED mFILED
2003 HAY -I AH 8= ~~
ANNUAL RE QBf ~S'ON
~5 st~~ri~~e /J:h'lifi~ LLc.
N ME
TO THE
IDAHO PUBLIC
UTiliTIES COMMISSION
FOR THE
YEAR ENDED b~eK1 be,.. 2L:Joz-
ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING 31-Dec-
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
CDS Stoneridge Utilities, LLC
Apr-
Utah
4885 South 900 East, Suite 100
Salt Lake City
Utah
84117
Stoneridge Resort and Golf Community in Blanchard, ID
11 Are there any affiliated companies? Yes
If yes, attach a list with names, addresses & descriptions. Explain any services
provided to the utility.
12 Contact Information
President (Owner)
Vice President
Secretary
General Manager
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?
If 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 4885 South 900 East, Suite 100City Salt Lake Cit
State Utah
Zip 84117
Name Phone No.
Dean Allara 208 437 3148
Dean Allara 650 579 1350
Kamie Hendershott 2084373148
Keith Rusho 2084373148
Keith Rusho 208437 3148
Kevin Anderson 801 2842939
Rev 3/02 Page 1
NAME:CDS Stoneridae Utilities. LLC
COMPANY INFORMATION (Cont.)
For the Year Ended 31-Dec-
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?
17 Is water purchased for resale through the system?
18 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 Division of Environmental Quality?
If yes, attach full explanation
20 Has the Idaho Division of Environmental Quality
recommended any improvements?
If 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?
If yes, attach full explanation
and an updated system map
Rev 3/02 Page'2.
Gallons/CCF $Amount
May-
NAME:
ACCT #
460
461.
461.
462
464
465
466
400
REVENUE & EXPENSE DETAIL
For the Year Ended 31-Dec-
DESCRIPTION
400 REVENUES
Un metered Water Revenue
Metered Sales - Residential
Metered Sales - Commercial, Industrial
Fire Protection Revenue
CDS Stoneridge Utilities, LLC
Other Water Sales Revenue
Irrigation Sales Revenue
Sales for Resale
Total Revenue (Add Lines 1 - 7)
(also enter result on Page 4, line 1)
* DEQ Fees Billed separately to customers
10 ** Hookup or Connection Fees Collected
11 ***Commission Approved Surcharges Collected
401 OPERATING EXPENSES
12 601.Labor - Operation & Maintenance
13 601.Labor - Customer Accounts
14 601.Labor - Administrative & General
15 603 Salaries, Officers & Directors
16 604 Employee Pensions & Benefits
17 610 Purchased Water
18 615-16 Purchased Power & Fuel for Power
19 618 Chemicals
20 620.Materials & Supplies - Operation & Maint.
21 620.Materials & Supplies - Administrative & General
22 631-34 Contract Services - Professional
23 635 Contract Services - Water Testing
24 636 Contract Services - Other
25 641-42 Rentals - Property & Equipment
26 650 Transportation Expense
27 656-59 Insurance
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
33 Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2)
Rev 3/02 Pagej
13,425
30,755
000
68,179
Booked to Acct #
Booked to Acct #
Booked to Acct #
058
29,462
332
066
10,232
799
227
189
712
230
133
855
752
89.544
Name:
ACCT #
403
406
407
6 408.
7 408.
8 408.
9A 408.
17 413
18 414
30 427.
31 427.
409.
409.
410.
410.
411
412
415
416
419
420
421
426
408.
409-
Name:
Rev 3/02
CDS Stoneridge Utilities, LLC
INCOME STATEMENT
For Year Ended 31-Dec-
DESCRIPTION
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)
68,179
89,544
215,886
282
903
DEQ Fees
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 lines 21 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)
CDS Stoneridge Utilities, LLC
311 615
243,436
243,436
243,436
Page 'If
SUB
ACCT #
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended 31-Dec-
DESCRIPTION
Balance
Beginning
of Year
Added
During
Year
Removed
During
Year
Balance
End of
Year
301 Organization
302 Franchises and Consents
303 Land & Land Rights
304 Structures and Improvements 557 551 557 551
305 Collecting & Impounding Reservoirs
306 Lake, River & Other Intakes
307 Wells
308 Infiltration Galleries & Tunnels
309 Supply Mains 45,206 45,206
310 Power Generation Equipment
311 Power Pumping Equipment 780 780
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
TOTAL PLANT IN SERVICE 687 536 687 5361
Rev 3/02
(Add lines 1 - 28)Enter beginning & end of year totals on Pg 7 , Line 1
Page 'S'
Name:CDS Stoneridge Utilities, LLC
ACCUMULATED DEPRECIATION ACCOUNT 108.DETAIL
For Year Ended 31-Dec-
SUB
Depreciation
Rate
Balance
Beginning
Balance
End of
Increase
ACCT #DESCRIPTION of Year Year (Decrease)
304 Structures and Improvements 175 062 175,062
305 Collecting & Impounding Reservoirs
306 Lake, River & Other Intakes
307 Wells
308 Infiltration Galleries & Tunnels
309 Supply Mains 205 14,205
310 Power Generation Equipment
311 Power Pumping Equipment 619 26,619
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 1 - 25)215,886 215,886
Enter beginning & end of year totals on Pg 7, Line 7
Rev 3/02 Page'
Name:CDS Stoneridge Utilities, LLC
BALANCE SHEET
For Year Ended 31-Dec-
ASSETS Balance
Beginning
Balance
End of
Increase
ACCT #DESCRIPTION of Year Year (Decrease)
101 Utility Plant in Service (From Pg 5, Line 29)687 536 687 536
102 Utility Plant Leased to Others
103 Plant Held for Future Use
105 Construction Work in Progress 688,978 688 978
114 Utility Plant Aquisition Adjustment
7 108.
8 108.
9 108.
10 110.
11 110.
12 115
14 123
15 125
17 131
18 135
19 141
20 142
21 145
22 151
23 162
24 173
25 143
27 181
28 183
29 184
30 186
Rev 3/02
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 - 12)
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
Un billed (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)
Page1
688,978 687 536 1,443
215,886 215,886
688 978 471 650 217,329
989 989
351 126 225
689,329 476,765 212,565
Name:CDS Stoneridge Utilities, LLC
BALANCE SHEET
For Year Ended 31-Dec-
LIABILITIES & CAPITAL Balance
Beginning
Balance
End of
Increase
ACCT #DESCRIPTION of Year Year (Decrease)
201-Common Stock
204-Preferred Stock
207-Miscellaneous Capital Accounts 688 963 688,963
214 Appropriated Retained Earnings
215 Unappropriated Retained Earnings 367 243,069 243,436
216 Reacquired Capital Stock
218 Proprietary Capital
9 221-
10 223
11 224
12 231
13 232
14 233
15 235
16 236.
17 236.
18 236.
19 237-
20 241
21 251
22 252
23 253
24 255.
25 255.
26 261-
27 271
28 272
29 281-30 Total Liabilities (Add lines 9 - 29
31 TOTAL LlAB & CAPITAL (Add lines 8 & 30)
** Only if Commission Approved
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. **
Accumulated Deferred Income Taxes
Rev 3/02 Page 1f
689 329 445,894 243,436
30,544 30,544
327 327
689,329
871
476,7651
30,871
212.5651
Name:CDS Stoneridge Utilities, LLC
STATEMENT OF RETAINED EARNINGS
For Year Ended 31-Dec-
Retained Earnings Balance Beginning of Year
Amount Added from Current Year Income (From Pg 4 , Line 32)
Other Credits to Account
Dividends Paid or Appropriated
Other Distributions of Retained Earnings
Retained Earnings Balance ~ End of Year
367
243,436
243 069
CAPITAL STOCK DETAIL
No. Shares No. Shares Dividends
Description (Class, Par Value etc.Authorized utstanding Paid
DETAIL OF LONG-TERM DEBT
Interest Year-end Interest Interest
Description Rate Balance Paid Accrued
None
Rev 3/02 Page 1
Name:CDS Stoneridge Utilities, LLC
SYSTEM ENGINEERING DATA
For Year Ended 31-Dec-
Provide an updated system map if significant changes have been made to the system during the year.
Rated
Capacity
Type of
Treatment:
(None, Chlorine
Fluoride
Annual
Production
Water
Supply
Source
(Well , Spring,
Water Supply:
Pump Desianation or location (gpm)Filter etc.WOO's Gal.)Surface Wtr)
Well#1 EOO05117 1000 (qpm)Chlorine 67 million Well
Well#2 EOO05118 700 (gpm)Chlorine (back up)Well
System Storage:
Total
Capacity
OOO'
Usable
Capacity
OOO'
Type ofReservoir Construction
(Elevated Pres- (Wood, Steel
Storaae Designation or Location Gal.Gal.urized, Boosted)Concrete)
Storage tank 1/4 mile west of wells 325,000 000 Elevated Concrete
(Duplicate form and attach if necessary. Asterisk facilities added this year.
Rev 3/02 Page
Name:CDS Stoneridge Utilities, LLC
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 31-Dec-
Pump information for ALL system pumps, including wells and boosters.
Designation or Location Horse
Rated
Capacity
Discharge
Pressure
Energy
Used
& Type of Pump Power (qpm)(psi)This Year
Pump #1 Line shaft turbine 125 1000 115
Pump #2 Line shaft turbine 700 115
7160
** Submit pump curves unless previously provided or unavailable. Asterisk facilities added this year.
Attach additional sheets if inadequate space is available on this page.
If Wells are metered:
What was the total amount pumped this year?
What was the total amount pumped during peak month?
What was the total amount pumped on the peak day?
62 million gals
18.4 million
96 million
If customers are metered, what was the total amount sold in peak month?65 million
Was your system designed to supply fire flows?
If Yes: What is current system rating?
yes
How many times were meters read this year?
During which months?All 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?
1000+
700+
10 Are backbone plant additions anticipated during the coming year?
If Yes, attach an explanation of projects and anticipated costs!
In what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded?2008/2009
Rev 3/02 Page 11
Name:CDS Stoneridge Utilities, LLC
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 31-Dec-
FEET OF MAINS
Pipe
Size
In Use
Beginning
Of Year
Installed
During
Year
Abandoned
During
Year
In Use
End of
Year
10"1355'1355'
5850'2000'7850'
PVC 7550'7550'
Ductile 400'400'
7900'7900'
1400'1400'
400'400'
12"100'100'
CUSTOMER STATISTICS
Number of Customers Thousands of Gallons Sold
TOTALS (Add lines 2 through 8)
This Last This Last
Year Year Year Year
599,482 766,800
4,479,073 821,000
13,078,555 13,587,800
Metered:
Residential
Commercial
Industrial
Flat Rate:
Residential
Commercial
Industrial
Private Fire Protection
Public Fire Protection
Street Sprinkling
Municipal, Other
Other Water Utilities
Rev 3/02 Page 1'2..
CERTIFICA TE
State of .J.daho U::\o..~ )
) ss
County of 5A.1-\-lA~
, the undersigned f:) e'ln Al1ar~
and
of the C. b to" e.r p~ utJlit i e.s L..Lc..
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.
, '
QJd
(Chief Officer)
~ et::t~. AUarAI Ke.v e.rstJ"
(Officer in Charge f Accounts)
Subscribed and Sworn to Before Me
~iS do,day Of~,
~J, ar~-0?t-61 L\
NOTARY PUBLIC
~')3
My Commission Expires ()9 - 0-7-
gd k/ ex celli nelsonl anu I rpts/wtran nual cpt
Rev 3/02 Page 13
Addendum to item #11
Stoneridge Capital Partners, LC and Accelerated Technology Fund own Stoneridge Utilities, LC.
Stoneridge Capital Partners also owns Stoneridge Land , LC and Stoneridge Golf, LC.
The managing general partners in Stoneridge Capital Partners, LC are Dean Allara, Dan
Stanger and Chris Young.
Bridge Partners is developing and managing the Stone ridge Resort.
DBA Stoneridge Water Company
.. .
O. Box 280 . Blanchard, Idaho 83804
Phone [phone] . Fax [phone]
To Our Water Customers:
This is a summary of the rules for termination of service for all Stoneridge Water
Company customers as determined by the Idaho Public Utilities Commission (IPUC).
These rules cover the rights and responsibilities of the Customer and the Utility.
explanation of our rate schedule has also been included.
If you have any questions concerning this information please contact us or you can
directly contact the IPUC, P.O. Box 83720, Boise, Idaho 83720-0074, 1-800-432-0369.
RULES FOR TERMINATION OF SERVICE.
TERMINATION WITH PRIOR NOTICE.
With proper customer notice Stoneridge Water Company may deny or terminate water service for one of the
following reasons:
Non-payment of a past due bill or payment of a past due bill with an NSF
Check.
Failure to honor the terms of a payment arrangement.
Obtaining service by false identity.
Refusing to allow access to the water meter of shut off valve.
Willfully wasting service through improper equipment or otherwise.
Failure to apply for service.
TERMINATION WITHOUT PRIOR NOTICE.
Stoneridge Water Company may deny or terminate water service without notice for one of the following
reasons:
A situation exists that is immediately dangerous to life, physical safety or
Property .
To prevent a violation of federal, state or local safety or health codes.
Service is obtained, diverted or used without the authorization of Stoneridge Water Company.
Stoneridge Water Company has diligently attempted to notify you of termination and has been
unable to contact you.
Ifordered by any court, The Commission or any other duly authorized public authority.
NOTIFICATION AND BILLING
Meters will be read on the first day of each month (weather providing).
Bills will be sent out on the first with payment due by the 15th of each month. The basic
monthly fee is $14.00 per month at this time, and .30 cents per 1000 gallons.
A billing may be considered past due (30) thirty days after the billing date.
A written notice of termination must be mailed at least (7) seven days before the proposed
termination date.
At least (24) twenty-four hours before the service is terminated, a notice
Will be left at the property advising you of the steps needed to have services restored.
When the (24) twenty-four hour period has ended, another attempt will
Be made to contact you in person or by the phone before service is terminated.
Only a (24) twenty-four hour notice is required if you do not make an
Initial payment according to the payment arrangement or the initial payment is not honored by
the bank.
PAYMENT ARRANGEMENTS AND SPECIAL CIRCUMSTANCES
If you cannot pay your billing in full or you receive a notice of termination, please call our office.
Payment arrangements can be make to avoid termination of service. If you cannot pay your bill and a
member of your household is seriously ill or there is a medical emergency, Stoneridge Water Company
will postpone termination of service for (30) thirty days. A written certification is required from a
licensed physician or public health official stating the name of the person who is ill, the nature of the
illness and the name, title, and signature of the person certifying the serious illness or medical
emergency .
COMPLAINT PROCEDURES
If at any time you have a complaint concerning the termination of service, policies and practices or any
other matter regarding our service please contact Stoneridge Water Company, in person, by telephone
or in writing. Your complaint will be investigated promptly and thoroughly. You will be notified orally
or in writing the results of the investigation, and wewill make every effort to resolve the complaint. If
you are dissatisfied with the proposed resolution of your complaint, you may ask the IPUC to review
the matter. Your request may be done orally or in writing. Your service will not be disconnected while
the complaint is being investigated by the utility or the IPUc.
RESTRICTION OF TERMINATION OF SERVICE
Service cannot be disconnected on Friday after 12:00 noon or on a Saturday, Sunday, Legal Holidays
recognized by the State of Idaho, or after 12:00 noon on any day immediately before any legal holiday.
Service' may only be terminated between the hours of 8:00 am and 4:00 pm. The employee sent to
the premises to terminate service will identify himself/herself to you and state the purpose of the visit.
This person is authorized to accept payment in full.
HOOKUP
The company reserves the right to deny hookups during the winter months due to adverse weather
conditions. New hookups will be scheduled as soon as weather conditions permit.
HOOKUP CHARGES AND MONTHLY FEES
A one time hookup charge of $(not determined yet) will be paid in advance for any new service
hookup. The extra costs of an out of the ordinary circumstances requiring additional equipment or
special construction techniques involved in the installation of a new service connection will be agreed
to in advance and put into writing by the customer and the company. Only one residence per hookup
is allowed. Any irrigation usage will now be metered. The monthly rate is $14.00 per month.
Payment is due in full by the 15th of the month, bills will be considered delinquent by the 30th of the
month. Arrangements can be made to pay in advance monthly, quarterly, semi-annual or annual.
RECONNENCTION FEE
If water service is terminated , the balance in full, plus a reconnect fee of $14.00 (during office hours)
or $28.00 (after office hours) is due.
NO ONE EXCEPT AN AUTHORIZED AGENT OF THE COMPANY SHALL TAMPER WITH,
INTERFERE WITH, MAKE REPAIRS, CONNECTIONS OR REPLACEMENTS OF OR ANY OF
THE COMPANIES PROPERTY, EXCEPT IN THE CASE OF EXTREME EMERGENCY
SITUATIONS.