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Home My WebLink About2006Annual Report.pdfR A 2(J!l t:: 11/r~" u J/..'J.,. , ' , ANNUAL REPOR Jri;~~t~ ;;~:' , V~/Oi OF SLUS- , Ltc. , TO TH E , , IDAHO PUBLIC UTI L 11 Es 0 M MISS ION FOR THE YEAR ENDED ' 2oo~ ...... . . . III BRIDGE , " , i1..'-'\, ,~,. ,~:, 1 I U' ....'0 INVESTMENT GROUP " : :' i: ' , ,:~. i .' May 2007 Idaho Public Utilities Commission P. O. Box 83720 Boise, Idaho 83720-0074 Dear Idaho Public Utilities Commission: Enclosed is the 2006 annual report for CDS Stoneridge Utilities, LLc. Thank-you for granting me extra time 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 WWWBRIDGEIG,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 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 5295 Commerce Drive, Suite 175City MurraState Utah Zip 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 Rev 3/02 COMPANY INFORMATION CDS Stoneridge Utilities, LLC Apr- Utah 5295 Commerce Drive, Suite 175 Murray Utah 84107 partnership Stoneridge resort and golf course community Blanchard, Idaho Explain any services Name Phone No. Dean Allara '208) 437-2180 Dean Allara (208) 437-2180 Laura Williams (208) 437-2180 Wayne Benner (208) 437-2180 Keith Rusho 1(208) 437-2180 Kevin Anderson 1(801) 284-2939 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 * All customers receive a copy also. 24 Did significant additions or retirements from the Plant Accounts occur during the year? If yes, attach full explanation and an updated system map Yes Well # 3 was completed. Please see map. Also, sewer information has been omitted this year. Rev 3/02 Page 2. NAME:CDS Stoneridqe Utilities. LLC REVENUE & EXPENSE DETAIL ACCT # For the Year Ended DESCRIPTION 400 REVENUES 31-Dec- 460 461. 461. 462 464 465 466 400 Metered Sales - Commercial, Industrial Fire Protection Revenue Other Water Sales Revenue Irrigation Sales Revenue Sales for Resale Unmetered Water Revenue Metered Sales - Residential 624 495 888 615 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 12 601.6 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 20 620.6 Materials & Supplies - Operation & Maint. 21 620.8 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) 622 Booked to Acct # 888 Booked to Acct 'II Booked to Acct # 323200 942 650 192 802 109 692 105 115 807 Rev 3/02 Page 3 106,415 Name: ACCT # CDS Stoneridge Utilities, LLC INCOME STATEMENT For Year Ended 12/31/2006 DESCRIPTION 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) 106 415 084 090 160 357 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 I ncome (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) Page 4 622 159 106 484 66,484 484 Name:CDS Stoneridqe Utilities. LLC ACCOUNT 101 PLANT IN SERVICE DETAIL For Year Ended 12/31/2006 SUB ACCT # Balance Beginning of Year Balance End of Year Added During Year Removed During YearDESCRIPTION 301 Organization 302 Franchises and Consents 303 Land & Land Rights 304 Structures and Improvements 1744216 077,406 666 810 305 Collecting & Impounding Reservoirs 306 Lake, River & Other Intakes 307 Wells 308 Infiltration Galleries & Tunnels 309 Supply Mains 45206 223 46,429 310 Power Generation Equipment 311 Power Pumping Equipment 87047 047 320 Purification Systems 330 Distribution Reservoirs & Standpipes 331 Trans. & Distrib. Mains & Accessories 333 Services 334 Meters and Meter Installations 289 289 335 Hydrants 6614 614 336 Backflow Prevention Devices 339 Other Plant & Misc. Equipment 1860 860 340 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 9754 754 TOTAL PLANT IN SERVICE 1895956.223 077 406 819,774 (Add lines 1 - 28)Enter beginning & end of year totals on Pg 7, Line 1 Rev 3/02 Page 5 Name:CDS Stoneridge 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 597 406 334 746 262 660 305 Collecting & Impounding Reservoirs 306 Lake, River & Other Intakes 307 Wells 308 Infiltration Galleries & Tunnels 309 Supply Mains 26,489 206 717 310 Power Generation Equipment 311 Power Pumping Equipment 684 684 320 Purification Systems 330 Distribution Reservoirs & Standpipes 331 Trans. & Distrib. Mains & Accessories 333 Services 334 Meters and Meter Installations 170 170 335 Hydrants 161 161 336 Backflow Prevention Devices 339 Other Plant & Misc. Equipment 111 111 340 Office Furniture and Equipment 341 Transportation Equipment 576 576 342 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)677 597 415 654 261 943 Enter beginning & end of year totals on Pg 7, Line 7 Rev 3/02 Page 6 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)895 957 819 774 076 183 102 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)895 957 819 774 076 183 108.Accumulated Depreciation (From Pg 6, Line 26)677 597 415 654 261 943 108.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. 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 Net Utility Plant (Line 6 less lines 7 - 12) Investment in Subsidiaries Other Investments Total I nvestments (Add lines 14 & 15) Cash 218 360 404 120 814 240 816 163 347 717 12,481 764 335 335 641 641 868 285 583 Short Term Investments Accts/Notes Receivable - Customers Other Receivables Receivables from Associated Companies Materials & Supplies Inventory Prepaid Expenses Unbilled (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)438,405 841 823280228 Page 7 Name:CDS Stoneridqe Utilities, LLC BALANCE SHEET For Year Ended 31-Dec- LIABILITIES & CAPITAL Balance Beginning Balance End of Increase 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 221- 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 ACCT #DESCRIPTION of Year Year (Decrease) 201-Common Stock 204-Preferred Stock 207-Miscellaneous Capital Accounts 246 446 123 223 123 223 214 Appropriated Retained Earnings 215 Unappropriated Retained Earnings 828 139 723 616 104 523 216 Reacquired Capital Stock 218 Proprietary Capital Rev 3/02 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 Page 8 581 693 600 393 700 113 190 854 105 336 449 144 490 533 389 228 926 661 105 567 821 322 529 793 794 582 162 021 632 561 212 889 561 628 651 261 Name:CDS Stoneridqe 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 657 132 484 723 616 CAPITAL STOCK DETAIL No. Shares No. Shares Dividends P 'Description (Class, Par Value etc.ut onze utstan 109. d DETAIL OF LONG-TERM DEBT Interest R t Year-end B I InterestInterest P '. rescnptlon a e a ance ccrue Rev 3/02 Page 9 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. Water Supply: Rated Capacity Type of Treatment: (None, Chlorine Fluoride Annual Production Water Supply Source (Well, Spring, Pump Desiqnation or location (gpm)Filter etc.(GOO's Gal.)Surface Wtr) Well #1 EO05117 800 Chlorine 67000 Well Well #1 EO05118 0 Chlorine back-up Well Well #3 DO040131 600 Chlorine new Well System Storage: Total Capacity OOO' Usable Capacity OOO' Type ofReservoir Construction (Elevated, Pres- (Wood, Steel Storaqe Designation or Location Gal.Gal.urized , Boosted)Concrete) Storage tank 1/4 mile west of wells 325000 15000 Elevated Concrete 2 storage tanks 1 mile west of wells 20000 buried Steel 4 storaqe tanks 1 mile west of wells 12000 buried Concrete (Duplicate form and attach if necessary. Asterisk facilities added this year. Rev 3/02 Page 10 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 Energy Used Discharge PressureHorse & Type of Pump Power (gpm)(psi)This Year Pump #1 line shaft turbine 125 1000 115 9131 Pump #1 line shaft turbine 0 backup Pump #3 submersible 100 600 115 8271 ** 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? 119.4 million ga 22.1 million gall 14 million gall If customers are metered , what was the total amount sold in peak month?692 million ga 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? 720 504 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 ,: II 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' 9650'1740'390' 550'550' 9500 9500' 900'900' 4250'4250' 12"100'100' 66045 CUSTOMER STATISTICS Number of Customers Thousands of Gallons Sold TOTALS (Add lines 2 through 8) This Last This Last Year Year Year Year 366 179 795 049 505 500 374 193 119 300 549 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 12. CERTIFICATE State oftclm'i'o L\- County offlh , \ U\'r:J , the undersigned-----D eo. II\. A1Ja and ((e..V l'rt A.tlJ~rS"o/ll of the C-bS StoJl1E-v-id e.... 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. (Chief Officer) (Officer In Charge of Accounts) Subscribed and Sworn to Before Me this 'l;r;.y Of~,'laD I\~ NOTARY PUBLIC My Commission Expires - \ - 74~) gd kIexcel/j ne I sonl anu I rpts/wtrannua I rpt DEV AN'E LEA MENSAH NOTARY PUBLIC' STATE of UTAH . 5295 S COMMERCE DRIVE #175 Ii MURRA V UT 84107 MY COMMISSION EXPIRES: 06-01-2008 Rev 3/02 Page 13 11. Stoneridge Capital Partners, LC owns Stoneridge Utilities, LC. Stoneridge Capital Partners, LC 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. They can be reached at the address of the principal office outlined in the report. Bridge Investment Group is developing and managing the Stoneridge Resort. t~. ..-- 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. 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. RECONNENCfION 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. 14 t h F A I R W A Y . . . . "' 7 .- ' =- - , - , - _ :: : : ' . . . - ~~ ~ , :r f ~ ~= r - =" " " Wi - ~b ~ ~ ~ r ~ l -, . 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