2014Annual Report.pdf

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AIilY(IAL REPORT
OF
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TO THE
IDAHO PUBLIG
UT!LITIES GOMMISSION
FOR THE
YEAR ENDED 2014
ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING 31-Dec-14
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
I Zip Code
9 Organ ization (proprietor, partnersh ip, corp. )
10 Towns, Counties served
COMPANY INFORMATION
CDS Stoneridqe Utilities, LLC
Apr-01
5295 Commerce Drive, Suite 175
Murray
84107
partnership
Stoneridqe Resort and Golf Course Community
Blanchard, ldaho
11 Are there any affiliated companies?
lf yes, attach a list with names, addresses & descriptions. Explain any services
provided to the utility.
12 Contact lnformation
President (Owner)
Vice President
Secretary
GeneralManager
Complaints or Billing
Engineering
Emergency Service
Accounting
Name Phone No.
13 Were any water systems acquired during the year or any additions/deletions made
to the service area during the year? No
!f 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
City
State
zip
5295 Commerce Drive Suite 175
Murrav
84107
437-3148
437-3148
437-3148
437-3148
Rev 3/02
Utah
Page 1
NAME:CDS Stonerldse Utilities, LLC
COMPANY INFORMATION (Cont.)
Forthe Year Ended 31-Dec-14
15 ls the system operated or maintained under a
service contract?
16 lf yes: With whom is the contract?
When does the contract expire?
What services and rates are included?
17 ls water purchased for resale through the system?
18 lf 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
ldaho Division of Environmental Quality?
lf yes, attach full explanation
20 Has the ldaho Division of Environmental Quality
recommended any improvements?
lf 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?
lf yes, attach ful! explanation
and an updated system map
Gallons/CCF $Amount
See letters and responses attached
1-Jul-07
* All customers receive a copy also.
No
No
No
Rev 3/02 Page2
NAME:
ACCT #
CDS Stoneridqe Utilities, LLC
REVENUE & EXPENSE DETAIL
Forthe Year Ended 31-Dec-14
DESCRIPTION
1
2
3
4
5
6
7
I
I * DEQ Fees Billed separately to customers
10 ** Hookup or Connection Fees Collected
11 ***Commission Approved Surcharges Collected
4OI OPERATING EXPENSES
601.1-6 Labor - Operation & Maintenance
601.7 Labor - Customer Accounts
601.8 Labor - Administrative & General
603 Salaries, Officers & Directors
604 Employee Pensions & Benefits
610 Purchased Water
615-16 Purchased Power & Fuel for Power
618 Chemicals
620.1-6 Materials & Supplies - Operation & Maint.
620.7-8 Materials & Supplies - Administrative & General
631-34 Contract Services - Professional
635 Contract Services - Water Testing
636 Contract Services - Other
64142 Rentals - Proper$ & Equipment
650 Transportation Expense
656-59 lnsurance
660 Advertising
666 Rate Case Expense (Amortization)
667 Regulatory Comm. Exp. (Other except taxes)
670 Bad Debt Expense
675 Miscellaneous
4OO REVENUES
Unmetered Water Revenue
Metered Sales - Residential
Metered Sales - Commercial, lndustrial
Fire Protection Revenue
Other Water Sales Revenue
lrrigation Sales Revenue
Sales for Resale
Total Revenue (Add Lines 1 - 7)
(also enter result on Page 4, line 1)
127,612
26.084
3,375 2
0
194,803
37,732
Booked to Acct #
3,375 Booked to Acct #323200
Booked to Acct #
20,354
5,596
4.167
11 712
390
15,490
8,757
3,711
4,0't1
460
461.1
461.2
462
464
465
466
400
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33 Tota! Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2)
Rev 3/02 Page 3
74,187
Name:
ACCT #DESCRIPTION
CDS Stoneridse Utilities, LLC
INCOME STATEMENT
For Year Ended 1213112014
1
2
3
4
5
6
7
I
9A
9B
9C
9D
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
403
406
407
408.10
408.11
408.12
408.1 3
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
PayrollTaxes
Other Taxes (list)DEQ Fees
74,187
43,294
232
2,881
8,826
194,803
129,420
413
414
415
416
419
420
421
426
408.20
409-20
409.10 Federal lncome Taxes
409.1 1 State lncome Taxes
410.10 Provision for Deferred lncome Tax - Federal
410.11 Provision for Deferred lncome Tax - State
411 Provision for Deferred Utility lncome Tax Credits
412 lnvestment Tax Credits - Utility
Total Expenses from operations before interest (add lines 2-15)
lncome From Utility Plant Leased to Others
Gains (Losses) From Disposition of Utility Plant
Net Operating lncome (Add lines 1,17 &18less line 16)
Revenues, Merchandizing Jobbing and Contract Work
Expenses, Merchandizing, Jobbing & Contracts
lnterest & Dividend lncome
Allowance for Funds used During Construction
Miscellaneous Non-Utility lncome
Miscellaneous Non-Utility Expense
Other Taxes, Non-Utility Operations
lncome Taxes, Non-Utility Operations
Net Non-Utility lncome (Add lines 20,22,23 & 24 less lines 21 ,25,26, &27)
Gross lncome (add lines 19 & 28)
427.3 lnterest Exp. on Long-Term Debt
427.5 Other lnterest Charges
NET INCOME (Line 29 less lines 30 & 31) (Also Enter on Pg g, Line 2)
65,382
65,382
8,041
Rev 3/02 Page 4
57,341
Name:CDS Stoneridqe Utilities, LLC
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended 1213112014
1
2
3
4
5
6
7
8
I
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
SUB
ACCT #
301
302
303
304
305
306
307
308
309
310
31'l
320
330
331
333
334
335
336
339
340
341
342
343
344
345
346
347
348
DESCRIPTION
Organization
Franchises and Consents
Land & Land Rights
Structures and lmprovements
Collecting & lmpounding Reservoirs
Lake, River & Other lntakes
Wells
lnfiltration Galleries & Tunnels
Supply Mains
Power Generation Equipment
Power Pumping Equipment
Purification Systems
Distribution Reservoirs & Standpipes
Trans. & Distrib. Mains & Accessories
Services
Meters and Meter lnstallations
Hydrants
Backflow Prevention Devices
Other Plant & Misc. Equipment
Office Furniture and Equipment
Transportation Equipment
Stores Equipment
Tools, Shop and Garage Equipment
Laboratory Equipment
Power Operated Equipment
Communications Equipment
Miscellaneous Equipment
Other Tangible Property
TOTAL PLANT IN SERVICE
(Add lines 1 -28)
746,779
91,383
5.078
3,051
926,641
Enter beginning & end of year totals on
Balance
Beginning
of Year
Added
During
Year
Removed
During
Year
Balance
End of
Year
754.422
91.383
5,078
289
13.823
3,051
934,284
Rev 3/02 Page 5
Name:
SUB
ACCT #
CDS Stoneridqe Utilities, LLC
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
For Year Ended 31-Dec-14
,|
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
304
305
306
307
308
309
310
311
320
330
331
333
334
33s
336
339
340
341
342
343
344
345
346
347
348
DESCRIPTION
Structures and lmprovements
Collecting & lmpounding Reservoirs
Lake, River & Other lntakes
Wells
lnfiltration Galleries & Tunnels
Supply Mains
Power Generation Equipment
Power Pumping Equipment
Purification Systems
Distribution Reservoirs & Standpipes
Trans. & Distrib. Mains & Accessories
Services
Meters and Meter lnstallations
Hydrants
Backflow Prevention Devices
Other Plant & Misc. Equipment
Office Furniture and Equipment
Transportation Equipment
Stores Equipment
Tools, Shop and Garage Equipment
Laboratory Equipment
Power Operated Equipment
Communications Equipment
Miscellaneous Equipment
Other Tangible Property
TOTALS (Add Lines 1 - 25)
Depreciation
Rate
o/o
Balance
Beginning
of Year
Balance
End of
Year
lncrease
or
3,383
4,594
533
43,294
144
91
64
Enter beginning & end of year totals on Pg 7, Line 7
Rev 3/02 Page 6
Name:CDS Stoneridge Utilities, LLC
BALANCE SHEET
ForYear Ended 31-Dec-14
1
2
3
4
5
6
7
8
I
10
11
12
13
14
't5
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
123
125
131
135
141
'142
145
151
162
173
143
181
183
't84
186
ACCT #
ASSETS
DESCRIPTION
101 Utility Plant in Service (From Pg 5, Line 29)
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)
108.1 Accumulated Depreciation (From Pg 6, Line 26)
108.2 Accum. Depr. - Utility Plant Lease to Others
108.3 Accum. Depr. - Property Held for Future Use
110.1 Accum. Amort. - Utility Plant in Service
110.2 Accum. Amort. - Utility Plant Lease to Others
115 Accumulated Amortization - Aquisition Adj.
Net Utility Plant (Line 6 less lines 7 - 12)
lnvestment in Subsidiaries
Other lnvestments
Total lnvestments (Add lines 14 & 15)
Cash
Short Term lnvestments
Accts/Notes Receivable - Customers
Other Receivables
Receivables from Associated Companies
Materials & Supplies lnventory
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 & lnvestigation Charges
Deferred Rate Case Expenses
Other Deferred Charges
TotalAssets (Add lines 13, 16 & 26 - 30)
Balance
Beginning
of Year
926.641
632,591
304,053
Balance
End of
Year
lncrease
or
926 7,643
7.643
43,294
274,466 -29,587
Rev 3/02 Page 7
ODS Stoneridoe Uti
Balance Sheet
For Year Ended 12-31;14
Balance
Beginning
of Year
Balance
End of
Year
lncrease
or
57,341
't23,223
-521,082
7
8
9
11
12
13
14
15
16
't7
18
19
20
21
22
23
24
25
26
27
28
29
30
31
207 -13 Miscellaneous Capital Accounts
214 AppropriatedRetainedEarnings
215 UnappropriatedRetainedEarnings
216 ReacquiredCapitalStock
218 Proprietary Capital
Total Equity Capital (Add Lines 1-5+7 less line 6)
221-2 Bonds
223 Advances from Associated Companies
224 Other Long - Term Debt
231 Accounts Payable
232 Notes Payable
233 Accounts Payable - Associated Companies
235 CustomerDeposits(Refundable)
236.11 Accrued Other Taxes Payable
236.12 Accrued lncome Taxes Payable
236.2 Accrued Taxes - Non-Utility
23740 Accrued Debt, lnterest & Dividends Payable
241 Misc. Current & Accrued Liabilities
251 Unamortized Debt Premium
252 Advances for Construction
253 Other Deferred Liabilities
255.1 Accumulated lnvestment Tax Credits - Utility
255.2 Accum. lnvestment Tax Credits - Non-Utility
261-5 Operating Reserves
271 Contributions in Aid of Construction
272 Accum. Amort. of Contrib. in Aid of Const. **
28'l-3 Accumulated Deferred lncome Taxes
Total Liabilities (Add lines 9 - 29
TOTAL LIAB & CAPITAL ( Add lines I & 30)
Rev 3/02
" Only if Commission Approved
Page 8
1
2
3
4
5
6
Name:CDS Stoneridqe Utilities, LLC
STATEMENT OF RETAINED EARNINGS
For Year Ended 31-Dec-14
Retained Earnings Balance @ Beginning of Year
Amount Added from Current Year lncome (From Pg 4, Line 32)
Other Credits to Account
Dividends Paid or Appropriated
Other Distributions of Retained Earnings
Retained Earnings Balance @ End of Year
CAPITAL STOCK DETAIL
Descriotion (Class. Par Value etc.)
Stoneridqe Utilities LLC
is accounted for as a partnership
DETAIL OF LONG-TERM DEBT
-397,859
57,341
-340,518
No. Shares No. Shares Dividends
lnterest
Rate
Year-end
Balance
lnterest lnterest
AccruedPaid
Note from
Environmental
Rev 3/02 Page 9
CDS Stoneridqe Utilities, LLC
SYSTEM ENGINEERING DATA
For Year Ended 31-Dec-14
Provide an updated system map if significant changes have been made to the system during the year.
Water Supply:
Well #1 E005117
Well#1 E005118
Well#3 D0040131
nation or location
Rated
Capacity
Total
Capacity
000's
Gal.
Type of
Treatment:
(None, Chlorine
Fluoride
Water
SuPPIYAnnual Source
Production (Well, Spring,
Type of
Reservoir Construction
(Elevated,Pres- (Wood, Steel
System Storage:
Usable
Capacity
000's
Gal.or Location
lank 114 mile west of wells
tanks 1 mile west of wells
tanks 1 mile west of wells
(Duplicate form and aftach if necessary. Asterisk facilities added this year.)
Rev 3/02 Page 10
Name:CDS Stoneridqe Utilities. LLC
SYSTEM ENGINEERING DATA
(continued)
ForYear Ended 31-Dec-14
Pump information for ALL system pumps, including wells and boosters.
Designation or Location Horse
Rated
Capacity
Discharge
Pressure
Energy
Used
This Year
103,940 kwh
103,940 kwh
105.2 million ga
24.7 million galh
.796 million gall
24.6 million galh
yes
5
Aprilto Novemb
& Tvoe of Power
#1 line shaft turbine
#1 line shaft turbine
#3 submersible
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?
10 Are backbone plant additions anticipated during the coming year?
lf Yes, attach an explanation of projects and anticipated costs!
11 ln what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded?
** Submit pump curyes unless previously provided or unavailable. Asterisk facilities added this year.
Attach additionalsheets if inadequate space is available on this page.
lf Wells are metered:
What was the totalamount pumped this year?
What was the total amount pumped during peak month?
What was the total amount pumped on the peak day?
lf customers are metered, what was the total amount sold in peak month?
Was your system designed to supply fire flows?
lf Yes: What is current system rating?
720
503
no
Rev 3/02 Page 1 1
2016t2017
Name:CDS Stoneridqe Utilities, LLC
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 31-Dec-14
FEET OF MAINS
ln Use
Beginning
Of Year
Pipe
Size
Metered:
Residential
Commercial
lndustrial
Flat Rate:
Residential
Commercial
lndustrial
Private Fire Protection
Public Fire Protection
Street Sprinkling
Municipal, Other
8 Other Water Utilities
lnstalled
During
Year
Abandoned
During
Year
ln Use
End of
Year
2
2A
28
2C
3
3A
3B
3C
CUSTOMER STATISTICS
66045
Rev 3/02
TOTALS (Add lines 2 through 8)
Page 12
GERTIFIGATE
State of ldaho llT4 *
countu or 5d+Lal/?
WE, thE
and
of the
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.
,/i ar (Officer in Charge of Accounts)
My Commission Expires lo-17-t6
(Chief Officer)
Subscribed and Sworn to Before Me
NOTARY PUBLIC
oIAIAfltttffirirl.lmagflcOrr.rorl.t.fi
Rev 3/02 Page 13
gd Uexcel/jnelsor/anu I rpts/wlrannualrpt
Stoneridge Water Company
P.O. Box 298, Blanchard, ID 83804
Phone: [phone] Fax [phone]
Summarv of Rules
To Our Water Customers:
This is a summary of the rules for service for all Stoneridge \Mater Company customers as
determined by the Idaho Public Utilities Commission @UC). These rules cover the rights
and responsibilities of the Customer and the Utility. Please review the new approved rate
schedule under "Notification and Billing."
If you have any questions concerning this information please contact us or you can directly
contact the IPUC, P.O. Box 83720,Boise,ID 83720-0074, 1-800-432-0369.
TERMINATION WITH PRIOR NOTICE
With proper customer notice Stoneridge Water Companymay deny orterminate water service
for one of the following reasons:
1. Non-payment of a past due bill orpaymerit of a past due bill with an NSF check.2. Failure to honor the terms of apayment a:rangement.3. Obtaining service by false identity.4. Refusing to allow access to the water meter shut-offvalve.5. Willfully wasting service througb improper equipment or otlrerwise.
6. Failure to apply for service.
TERMINATION WITTIOUT PRIOR NOTICE
Stoneridge Water Company may deny or tenninate water service without notice for one of the
following reasons:
1. A situation exists that is imruediately dangerous to life, physical safety or
property.
. 2. To prevent a violation of federal, state or local safety or health codes.3. Service is obtained, diverted or used without the authorization of Stoneridge
Water Company.4. Stoneridge Water Company has diligenfly attempted to notiS you of temrination
and has been unable to contact you.
5. ffordered by any court, The Commission or any other duly authorized public
authority.
NOTIFICATION AND BILLING
1. Meters will be read on the first business day of each mo:rth (weatherproviding). Bills
will be sent out by the 1Otl' with palanent due by the 25th of each month. The basic
monthly fee is detemrined by meter size and is as follows:
a.) 0.75" - $24.00 per month; 1.00" - $42.67 per month; 1.50" - $96.00 per
month; 2.00" - $170.67 per month; 2.50" - $266.67 per month; 3.00' -
$384.00 per month; 4.00" - $682.67 per month; and 6.00" - $1,536.00 per
month. The commodity charge is $0.7911,000 gallons, with the exception of
the Golf Course whose charge is $0.7111,000 gallons. This reflects a 10Yo
discount beczuse of its intemrptible, off-peak usage capabilities.
b.) In addition, Huppy Valley Ranchos Water Customers and other customers
connected to that part of the water system shall pay a surcharge of $ I 6.83 per
month for loan costs.
A billing will be considered past due (60) days after the billing date. A written Inilial
Notice must be mailed at least (7) seven days before the proposed termination date.
A written Final Notice will be mailed on the expiration date ofthe Initial Notice.
There will be a Grace Period of (7) seven dap after the Final Notice h4s been mailed.
At least (24) fircnty-four hours before the service is terminated a notice will be left at
the property advising you of the steps needed to have senrices restored.
4. When the Q$ twenty-fourhour period has ended another attempt wiII be made to
contact you in person or by telephone before service is terminated.
5. 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.
PAYIVIENT ARRANGEMENTS AND SPECIAL CIRCI'MSTANCES
If you cannotpay your billing in full or you receive a notice of terrnination, please call our office
at [phone]. Pa5ment aratrgemeuts can be made to avoid termination of service. If you
cannot pay yoru 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, and the name, tifle and signature of the person certiffing the
serious illness or medical emergency.
COMPLAINT PROCEDURES
If at any time you have a complaint concerning the terrrination of service, policies andpractices
or any other matter regarding our service please contact Stoneridge Water Company, in person,
by telephone or in writing. Your compiaint will be investigated prompfly 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. If you are dissatisfied with the proposed resolution of your complainl
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 will not be disconnected on Friday after 12:00 noon or ou a Satruday, Sunday, Legal
Holidays recogni2sd by the state of ldaho, or after 12:00 noon on any day immediatelybefore
any legal holiday. Service wiII only be terminated between the liours of 8:00am and 4:00pm.
The employee sent to the premises to terminate service witl identiS himself/herself to you and
state the purpose of the visit. This person is authorized to accept payment in full.
HOOK-UP
The company reserves the right to deny hook-ups during the winter months due to adverse
weather conditions. New hook-ups will be scheduled as soon as weather conditions permit.
3.
HOOK.UP CHARGES AI.{D MONTHLY FEES
A one time hook-up charge of $1,200.00 will be paid in advance for any new service hook-up.
The exha costs of any 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 hook-up is allowed. Any inig4tioR usage will now be metered. The monthly:ate is as
appears on Page One under'tl.{otificalion and BiIIing". Payment is due by the25h of the month,
UiUs witt be considered delinquent by the 30e of the month. Arrangements can be made to pay
in advance monthly, quarterly, semi-annually or annually.
RECONNECTION FEE
If water service is terminate4 the balance in full, plus a reconnect fee of $18.50 (during ofEce
horns) or $33.50 (afer horus) is due if reconnection is done withjn 30-days. After 30-days the
reconnect fee is as follows:
METER SIZE:
0.75
1.00
1.50
2.00
2.s0
3.00
4.00
6.00
RECONNECT FEE AFTER 3O-DAYS :
$6s.00
$116.00
$260.00
$462.00
$722.00
$1,040.00
$1,849.00
$4,160.00
NO ONE EXCEPT AI{ AIXII{ORIZ, ED AG,ENT OT THE COMPAI\iY SIIALL TAMPER.
WITH COMPAI\rY'S LOCKING VALVE A]rID METER.
Addendum to item #11
CDS Stoneridge Partners
This entity is a major equity holder of Stoneridge Utilities, Land and Golf
The ownership consists of several limited parhers with Dean Allara, Chris Young, and Dan $tanger
as general parbrers
CDS Stoneridge Land
This is a sister company of Stoneridge Utilities and is owned by CDS Stoneridge Partners
CDS Stoneridge GoIf
This is a sister company of Stoneridge Utilities and is owned by CDS Stoneridge Partners
These entities all have the same addresses as that of Stoneridge Utilities.
They provide adminishative, management and financial services to Stoneridge Utilities.