HomeMy WebLinkAbout2003Annual Report.pdfRECEIVED
FILED
ANNUAL RE.RLMi:N
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ADORE 5
TO TH E
IDAHO PUBLIC
UTiliTIES COMMISSION
FOR THE
YEAR ENDED j)e~~W1 he,... 31.?.t/o3
....'. . . .
BRIDGE
INVESTMENT GROUP tUBLlC
LlTiL n\ES COHi'-1\SSHJH
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April 29, 2004
Idaho Public Utilities Commission
P. O. Box 83720
Boise, Idaho 83720-0074
Dear Idaho Public Utilities Commission:
Enclosed is the 2003 annual report for CDS Stoneridge Utilities, LLC in both hard copy
and electronic versions. Thank-you for granting me an extra week or two to fully
complete the report.
Please call me if you have any questions.
Sincerely,
~~~
Kevin Anderson
CFO
Enc
5295 SOUTH COMMERCE DRIVE, SUITE 175, MURRAY, UTAH 84107 WWW8RIDGEIG.COM PHONE 801.284.5880 FAX 801.284.5977
12 BEECH TREE lANE, SHREWSBURY, NEW JERSEY 07702 PHONE 732.212.0920 FAX 732.212.0901
ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING 31-Dec-
11 Are there any affiliated companies?
If yes, attach a list with names, addresses & descriptions.
provided to the utility.
12 Contact Information
President (Owner)
Vice President
Secretary
General Manager
Complaints or Billing
Engineering
Emergency Service Keith RushoAccounting Kevin Anderson
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 5295 South Commerce Drive, Suite 175
State Utah
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
Zip
Rev 3/02
COMPANY INFORMATION
CDS Stoneridge Utilities, LLC
Apr-
Utah
5295 South Commerce Drive, Suite 175
Murray
Utah
84107
partnership
Stoneridge resort and golf community
Blanchard , Idaho
Explain any services
Name Phone No.
Dean Allara
Dean Allara
84107
Page 1
NAME:CDS Stoneridqe 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
Gallons/CCF $Amount
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? May-
Attach a copy of the Summary * Every new customer receives a copy, as well
24 Did significant additions or retirements from the
Plant Accounts occur during the year?
If yes, attach full explanation
and an updated system map
None to water system
Rev 3/02 page-a.
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
NAME:
ACCT #
460
461.
461.
462
464
465
466
400
CDS Stoneridqe Utilities. LLC
REVENUE & EXPENSE DETAIL
For the Year Ended
DESCRIPTION
400 REVENUES
31-Dec-
Unmetered Water Revenue
Metered Sales - Residential
15100
20705.
38306.Metered Sales - Commercial , Industrial
Fire Protection Revenue
Other Water Sales Revenue 24000
98112.
Booked to Acct #
15100 Booked to Acct
"#
323200/1
Booked to Acct #
401 OPERATING EXPENSES
601.6 Labor - Operation & Maintenance 38270.
601.Labor - Customer Accounts
601.Labor - Administrative & General 5412.
603 Salaries, Officers & Directors
604 Employee Pensions & Benefits 2150.4
610 Purchased Water
615-Purchased Power & Fuel for Power 13748.
618 Chemicals 472.4
620.6 Materials & Supplies - Operation & Maint.12206.
620.8 Materials & Supplies - Administrative & General 2229.
631-Contract Services - Professional 1760.44
635 Contract Services - Water Testing 3017.
636 Contract Services - Other
641-Rentals - Property & Equipment
650 Transportation Expense 302.47
656-Insurance 3000
660 Advertising
666 Rate Case Expense (Amortization)
667 Regulatory Comm. Exp. (Other except taxes)150
670 Bad Debt Expense
675 Miscellaneous
Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2)82722.
Rev 3/02 Page3
Name:
ACCT #
CDS Stoneridqe Utilities, LLC
INCOME STATEMENT
For Year Ended
DESCRIPTION
31-Dec-
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-
Rev 3/02
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)
98112.
82722.
236780
302.46
2665.
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 20,23 & 24 less lines 21 , & 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)
322470.
Page ~
224357.44
224357.44
224357.44
Name:CDS Stoneridqe Utilities, LLC
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended 31-Dec-
301 Organization
302 Franchises and Consents
303 Land & Land Rights
304 Structures and Improvements 557551 412373.969924.
305 Collecting & Impounding Reservoirs
306 Lake, River & Other Intakes
307 Wells
308 Infiltration Galleries & Tunnels
309 Supply Mains 45206 45206
310 Power Generation Equipment
311 Power Pumping Equipment 84780 706.85486.
320 Purification Systems
330 Distribution Reservoirs & Standpipes
331 Trans. & Distrib. Mains & Accessories
333 Services
334 Meters and Meter Installations 289.289.
335 Hydrants
336 Backflow Prevention Devices
339 Other Plant & Misc. Equipment
340 Office Furniture and Equipment
341 Transportation Equipment 971.971.
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 687537 414339.1101876.821
SUB
ACCT #DESCRIPTION
(Add lines 1 - 28)
Rev 3/02
Balance
Beginning
of Year
Added
During
Year
Removed
During
Year
Balance
End of
Year
Enter beginning & end of year totals on Pg 7, Line 1
Page '5
Name:CDS Stoneridqe Utilities. LLC
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
For Year Ended 31-Dec-
SUB
Depreciation
Rate
IncreaseBalance
Beginning
Balance
End of
ACCT #DESCRIPTION of Year Year (Decrease)
304 Structures and Improvements 175062 398458 223396
305 Collecting & Impounding Reservoirs
306 Lake, River & Other Intakes
307 Wells
308 Infiltration Galleries & Tunnels
309 Supply Mains 14205 18571 4366
310 Power Generation Equipment
311 Power Pumping Equipment 26619 35119 8500
320 Purification Systems
330 Distribution Reservoirs & Standpipes
331 Trans. & Distrib. Mains & Accessories
333 Services
334 Meters and Meter Installations 119 119
335 Hydrants
336 Backflow Prevention Devices
339 Other Plant & Misc. Equipment
340 Office Furniture and Equipment
341 Transportation Equipment 399 399
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)215886 452666 236780
Enter beginning & end of year totals on Pg 7, Line 7
Rev 3/02 Page'
Name:CDS Stonerid e 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)687536 1101876 414340
102 Utility Plant Leased to Others
103 Plant Held for Future Use
105 Construction Work in Progress
114 Utility Plant Aquisition Adjustment
Subtotal (Add Lines 1 - 5)687536 1101876 414340
108.Accumulated Depreciation (From Pg 6, Line 26)215886 452666 236780
108.Accum. Depr. - Utility Plant Lease to Others
108.Accum. Depr. - Property Held for Future Use
110.Accum. Amort. - Utility Plant in Service
110.Accum. Amort. - Utility Plant Lease to Others
115 Accumulated Amortization - Aquisition Adj.
Net Utility Plant (Line 6 less lines 7 - 12)471650 649210 177560
123 Investment in Subsidiaries
125 Other Investments
Total Investments (Add lines 14 & 15)
131 Cash 4989 62268 57279
135 Short Term Investments
141 Accts/Notes Receivable - Customers
142 Other Receivables 126 93291 93165
145 Receivables from Associated Companies
151 Materials & Supplies Inventory
162 Prepaid Expenses 425 425
173 Unbilled (Accrued) Utility Revenue
143 Provision for Uncollectable Accounts
Total Current (Add lines 17 -24 less line 25)5115
181 Unamortized Debt Discount & Expense
183 Preliminary Survey & Investigation Charges
184 Deferred Rate Case Expenses
186 Other Deferred Charges
Total Assets (Add lines 13, 16 & 26 - 30)476765 805194 328429
Rev 3/02 Page1
Name:CDS Stoneridqe Utilities, LLC
BALANCE SHEET
For Year Ended 31-Dec-
LIABILITIES & CAPITAL Balance
Beginning
Balance
End of
Increase
30 Total Liabilities (Add lines 9 - 29
31 TOTAL LlAB & CAPITAL (Add lines 8 & 30)
** Only if Commission Approved
ACCT #DESCRIPTION of Year Year (Decrease)
201-Common Stock
204-Preferred Stock
207-Miscellaneous Capital Accounts 688963 246446 442517
214 Appropriated Retained Earnings
215 Unappropriated Retained Earnings 243069 467426 224357
216 Reacquired Capital Stock
218 Proprietary Capital
Total Equity Capital (Add Lines 1-5+7 less line 6)445894 220980 666874
221-Bonds
223 Advances from Associated Companies
224 Other Long - Term Debt
231 Accounts Payable 30544 1025618 995074
232 Notes Payable
233 Accounts Payable - Associated Companies
235 Customer Deposits (Refundable)
236.Accrued Other Taxes Payable
236.Accrued Income Taxes Payable
236.Accrued Taxes - Non-Utility
237 -Accrued Debt, Interest & Dividends Payable
241 Misc. Current & Accrued Liabilities
251 Unamortized Debt Premium
252 Advances for Construction
253 Other Deferred Liabilities 327 556 229
255.Accumulated Investment Tax Credits - Utility
255.Accum. Investment Tax Credits - Non-Utility
261-Operating Reserves
271 Contributions in Aid of Construction
272 Accum. Amort. of Contrib. in Aid of Const. **
281-Accumulated Deferred Income Taxes
30871
4767651
1026174
8051941
995303
3284291
Rev 3/02 Page ~
Name:CDS Stoneridqe Utilities. LLC
For Year Ended 31-Dec-
STATEMENT OF RETAINED EARNINGS
Retained Earnings Balance (Q) 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 (Q) End of Year
CAPITAL STOCK DETAIL
Description (Class, Par Value etc.
243069
224357
467426
No. Shares
A th ' . d
No. Shares
0 t t
Dividends
P 'onze u s an Inq
DETAIL OF LONG-TERM DEBT
escnptlon ate a ance ccrue
Interest
Rev 3/02 Page
Year-end Interest
P '
Interest
B I
Name:CDS Stoneridqe 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.
* Sewer retention pond was improved. It is in the same location.Water Supply: Type of
Treatment:
(None, Chlorine
Fluoride
Rated
Capacity
Annual
Production
Water
Supply
Source
(Well, Spring,
Pump Desiqnation or location (qpm)Filter etc.(OOO's Gal.)Surface Wtr)
Well #1 EO05117 1000 Chlorine 000 Well
Well #1 EO05118 700 Chlorine back-up Well
System Storage:
Total
Capacity
OOO'
Usable
Capacity
OOO'
Type ofReservoir Construction
(Elevated, Pres- (Wood , Steel
Storaqe Desiqnation or Location Gal.Gal.urized, Boosted)Concrete)
StoraQe tank 1/4 mile west of wells 325000 15000 Elevated Concrete
(Duplicate form and attach if necessary. Asterisk facilities added this year.
Rev 3/02 Page 1 ()
Name:CDS Stoneridqe Utilities. LLC
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 31-Dec-
Pump information for ALL system pumps, including wells and boosters.
Designation or Location
Rated
Capacity
Discharge
Pressure
Energy
UsedHorse
& Type of Pump Power (gpm)(psi)This Year
Pump #1 line shaft turbine 125 1000 115
Pump #2 line shaft turbine 115 115
8355
** 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?
73.72 million
21.43 million
82 million
03 million
yes
all months
If customers are metered, what was the total amount sold in peak month?
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?
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 1 \
Name:CDS Stoneridqe 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'
7950'7950'
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
8864023 8599482
4633281 4479073
13497304 13078555
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
SENT BY: ;650 57Q 1320 APR - 27 - 04 11: 54 j PAGE 2/2
, ", .'. , ., " '
CISRtlFtcA TE
St8h!I of Idaho
) 58
mmIY:
WE. the undersigned-.-\') eq V\. Alf Q rCl.
and /(e.1/ i lit. A.11.d -5' r\.
oftoo c.pS -S'Tot-1erl
~~
Uti r.i..t"~C:;:J L
u~ility, on. our oath do severally say that the'1oregoing report has been prepared under our direction
from the original books. papers and records of said utility: that we have careruUy examined same. and
dedare the same to be a correct statement of the business and affairs of &aid ut-ility for the period
coW/red by the repeln in respect to each and every matter and thing thenn set forth, to the best of our
knowledge. information and be.lief,
(Officer In Charge of Accounts)
Subscribed and Swom to Before Me
this ;)'1 dayof-lLp (
, )
J.b6~
Dh~~~~
I\!OTARY PUBLIC
o'! O'Tlt" CHRISTIE PEASE
/.,.;,
f)J NOTARYPUBLlC.STATEofUTAH
~",\~!~,
. j~1 5295S300W#175
~~
ill MURRAY UT 84107
"!.
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MY COMMISSION EXPIRES: 09.07.2006
My Commission Expires D~ -61- :J-b D Lc
go~e'CI!!II't1I!lsorvanlJl~rannua'rol
Rav 3/02 Page 1
Addendum to item #11
Stoneridge Capital Partners, LC owns Stoneridge Utilities, LC.
Stoneridge Capital Partners also owns Stone ridge Land, LC and Stoneridge Golf, LC.
The managing general partners in Stoneridge Capital Partners, LC are Dean Allara,. Dan
Stanger and Chris Young.
Bridge Investment Group is developing and managing the Stoneridge Resort.
DBA Stoneridge Water Company
O. Box 280 . Blanchard, Idaho 83804
Phone (208) 437-3148 . Fax (208) 437-3048
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. An
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 we will make every effort to resolve the complaint.
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.