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HomeMy WebLinkAbout2003Annual Report.pdfRECEIVED FILED ANNUAL RE.RLMi:N Sws - w' CDS sto(.1,"-':I~fiI;tl ) LLc.N ME' 5:fol1e.r-je. /!.=,.~ ronc.hQr41/) 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 ~\N"s 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 "!. .,1 ~.... 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.