2015Annual Report.pdf

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AIY]\{UAL REPORT
OF
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TO THE
IDAHO PUBLIG
UTILITIES COMMISSION
FOR THE
YEAR ENDED 2015
ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING 31-Dec-1 5
COMPANY INFORMATION
CDS Stoneridqe Utilities, LLC1 Give full name of utility
2 Dale 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
5295 Commerce Drive Suite 175
Apr-O1
Utah
Murray
Utah
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
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?
lf 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
Murray
Name Phone No.
No
Utah
84107
437-3148
437-3148
437-3148
437-3148
Rev 3/02 Page 1
NAME:CDS Stoneridqe Utilities, LLC
COMPANY INFORMATION (Cont.)
Forthe Year Ended 31-Dec-15
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?
Name of owner or operator
Mailing Address
City
State
zip
Water Purchased
Gallons/CCF $Amount
See letters and responses attached
1-Mar-15
'All customers receive a copy also.
No
17 ls water purchased for resale through the system?
18 lf yes: Name of Organization
No
19
20
Has any system(s) been disapproved by the
ldaho Division of Environmental Quali$?
lf yes, attach ful! explanation
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?
If yes, attach full explanation
and an updated system map
No
No
No
Rev 3/02 Page2
NAME:
ACCT #
CDS Stoneridqe Utilities, LLC
REVENUE & EXPENSE DETAIL
Forthe Year Ended 31-Dec-15
DESCRIPTION
1
2
3
4
5
6
7
I
460
461.1
461.2
462
464
465
466
400
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)
130.241
22,613
5,990
12,696
14,538
4,299
1 8,1 98
1,256
4,194
1,118
3,315
I * DEQ Fees Billed separately to customers
10 ** Hookup or Connection Fees Collected
11 ***Commission Approved Surcharges Collected
401 OPERATING EXPENSES
601 .1€ 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
641-42 Rentals - Property & 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
10.587 2
0
212,932
49,492
Booked to Acct #
10,587 Booked to Acct #323200
Booked to Acct #
17,530
14,302
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
889
Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2)
Rev 3/02 Page 3
98,323
Name:CDS Stoneridqe Utilities, LLC
INCOME STATEMENT
For Year Ended 1213112015
ACCT # DESCRIPTION
1 Revenue (From Page 3, line 8)
2 Operating Expenses (From Page 3, line 33)
3 403 Depreciation Expense
4 4OO Amortization, Utility Plant Aquisition Adj.
5 407 Amortization Exp. - Other
6 408.10 Regulatory Fees (PUC)
7 408.11 Property Taxes
8 408.12 PayrollTaxes
9A 408.13 OtherTaxes (list) DEQ Fees
212,932
98,323
47,000
644
3,025
9,1 06
9B
9C
9D
10 409.10 Federal lncome Taxes
11 409.1 1 State lncome Taxes
12 410.10 Provision for Deferred lncome Tax - Federal
13 410.11 Provision for Deferred lncome Tax - State
14 411 Provision for Deferred Utility lncome Tax Credits
15 412 lnvestment Tax Credits - Utility
16 Total Expenses from operations before interest (add lines 2-15)
17 413 lncome From Utility Plant Leased to Others
18 4'14 Gains (Losses) From Disposition of Utility Plant
19 Net Operating lncome (Add lines 1, 17 &18 less line 16)
20 415 Revenues, Merchandizing Jobbing and Contract Work
21 416 Expenses, Merchandizing, Jobbing & Contracts
22 419 lnterest & Dividend lncome
23 420 Allowance for Funds used During Construction
24 421 Miscellaneous Non-Utility lncome
25 426 Miscellaneous Non-Utility Expense
26 408.20 Other Taxes, Non-Utility Operations
27 409-20 lncome Taxes, Non-Utility Operations
28 Net Non-Utility lncome (Add lines 20,22,23 & 24 less lines 21 ,25,26, &27)
158,099
29
54,832
Gross lncome (add lines 19 & 28)54,832
30 427.3 lnterest Exp. on Long-Term Debt
31 427.5 Other lnterest Charges
5,538
32 NET INCOME (Line 29 less lines 30 & 31) (Also Enter on Pg 9, Line 2) 49,294
Rev 3/02 Page 4
Name:CDS Stoneridqe Utilities, LLC
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended 1213112015
SUB
ACCT #
Balance
Beginning
of Year
754,422
66,238
91,383
5,078
289
13.823
Added
During
Year
Removed
During
Year
Balance
End of
Year
768,877
66,238
91,383
289
13,823
3,051
382
I
2
3
4
5
6
7
I
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
301
302
303
344
305
306
307
308
309
310
311
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 I mprovements
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)
078
Rev 3/02 Page 5
CDS Stoneridge Utilities, LLC
ACCUMULATED DEPRECIATION ACCOUNT 108.I DETAIL
ForYear Ended 31-Dec-15
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
SUB
ACCT #
304
305
306
307
308
309
310
311
320
330
331
333
334
335
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
Commu nications Equipment
M iscellaneous Equipment
Other Tangible Property
TOTALS (Add Lines 1 - 25)
Depreciation
Rate
o/o
Balance
Beginning
of Year
Balance
End of
Year
lncrease
or
Decrease
37.437
672
4,987
47,000
157
99
579
69
Rev 3i02 Page 6
Name:
ACCT #
101
102
103
105
114
123
125
13'l
135
141
142
145
151
162
173
143
181
183
184
186
CDS Stoneridge Utilities, LLC
BALANCE SHEET
31-Dec-15For Year Ended
ASSETS
DESCRIPTION
Utility Plant in Service (From Pg 5, Line 29)
Utility Plant Leased to Others
Plant Held for Future Use
Construction Work in Progress
Utility Plant Aquisition Adjustment
Balance
Beginning
of Year
Balance
End of
Year
934,284
675,885
258,399 226,236
274,466
14,837
14.837
47,000
236,917 -37,549
lncrease
or
1
2
3
4
5
6
7
I
I
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
934
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
TotalCurrent (Add lines 17 -24less line 25)
Unamortized Debt Discount & Expense
Preliminary Survey & lnvestigation Charges
Deferred Rate Case Expenses
Other Deferred Charges
Total Assets (Add lines 13, 16 & 26 - 30)
-32,164
Rev 3/02 Page 7
CDS Stoneridqe Utilities, LLC
Balance Sheet
For Year Ended 12-31-'15
Balance
Beginning
of Year
Balance
End of
Year
lncrease
or
Decrease
207-13 Miscellaneous Capital Accounts
214 AppropriatedRetainedEarnings
215 UnappropriatedRetainedEarnings
216 Reacquired Capital Stock
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. **
281-3 Accumulated Deferred lncome Taxes
Total Liabilities (Add lines 9 - 29
TOTAL LIAB & CAPITAL ( Add lines I & 30)
'* Only if Commission Approved
123,223
741
7
I
9
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
414,447
Rev 3/02 Page 8
1
2
3
4
5
6
Name: COS StoneriOoe Utl
STATEMENT OF RETAINED EARNINGS
For Year Ended 31-Dec-15
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
-340,518
49,294
-291,224
No. Shares No. Shares Dividends
Description (Class, Par Value etc.)
Stoneridqe Utilities LLC
is accounted for as a PartnershiP
Note from
Environmental
DETAIL OF LONG.TERM DEBT
lnterest
Rate
Year-end
Balance
lnterest
Paid
lnterest
Accrued
Rev 3/02 Page 9
CDS Stoneridqe Utilities, LLC
SYSTEM ENGINEERING DATA
ForYear Ended 31-Dec-15
Provide an updated system map if significant changes have been made to the system during the year.
2 Water Supply:
Well #1 E005117
Well #1 E005118
Well#3 D0040131
3 System Storage:
or Location
Total
Capacity
000's
Gal.
tank 114 mile west of wells
tanks 1 mile west of wells
tanks 1 mile west of wells
(Duplicate form and attach if necessary. Asterisk facilities added this year.)
Type of WaterTreatment: Supply
(None, Chlorine Annual SourceFluoride Production (Well, Spring,
Type of
Reservoir Construction
(Elevated,Pres- (Wood, Steel
Rated
Capacity
(spm)
Usable
Capacity
000's
Gal.
Rev 3/02 Page 10
Name: COS StoneriOqe Utl
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 31-Dec-'t5
Pump information for ALL system pumps, including wells and boosters.
Designation or Location
& Type of Pump**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?
Are backbone plant additions anticipated during the coming year?
lf Yes, attach an explanation of projects and anticipated costs!
ln what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded?
Horse
Rated
Capacity
Discharge
Pressure
Energy
Used
This Year
120,250 kwh
120,250 kwh
124.5 million ga
30.6 million galh
.987 million galk
29.2 million galh
yes
5
Aprilto Novemb
** Submit pump curves 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 total amount 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?
7',t3
500
10
11
Rev 3/02 Page 11
2024t2025
CDS Stoneridqe Utilities, LLC
1 Pipe
Size
SYSTEM ENGINEERING DATA
(continued)
ForYear Ended 31-Dec-15
FEET OF MAINS
CUSTOMER STATISTICS
2
2A
28
2C
3
3A
3B
3C
Metered:
Residential
Commercial
lndustrial
Flat Rate:
Residential
Commercial
lndustrial
Private Fire Protection
Public Fire Protection
Street Sprinkling
Municipal, Other
Other Water Utilities
TOTALS (Add lines 2 through 8)
Rev 3/02 Page 12
CERTIFIGATE
State of{dahe- U+al
Corrntu.,r S, lL Lbo
and
of the
utility, on our oath do 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)
,Arr,, 4rt/u (Officer in Charge of Accounts)
gdUexcel/j nelsorvanulrpts/vvtrannuel rpt
My Commission Expires lt-b-L?
Subscribed and Sworn to Before Me
NOTARY PUBLIC
DTANA HALLpmrftlr.mcuill
corrtsltorr al.017
00!!.Elp.fl.f0iil{9
Rev 3/02 Page 1
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 Water Company customers as
determined by the ldaho Public Utilities Commission (IPUC). 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 inforuation please coutact us or you can directly
contact the IPUC, P.O. Box 83720,Boise, ID 83720-007417-800-432-0369.
TERMINATION WITI] PRIOR NOTICElffith proper customer notice Stoneridge Water Company may deny or terminate water service
for one of the following reasons:
I . Non-payment of a past due bill or payment of a past due bill with an NSF check.2. Failure to honor the terms of a payment arrangement.3. Obtaining service by false identity.4. Refusing to allow access to the water meter shut-offvalve.5. WillfuUy wasting sewice through improper equipment or otherwise.
6. Faiiure to apply for service.
TERMINATION WITIIOUT PRIOR NOTICE
Stoneridge Water Company may deny or terminate water service without notice for one of the
following reasors:
1. A situation exists that is irnmediately dangerous to life, physical safety or
propeffy.
. 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 ofterurination
and has been unable to contact you.
5. If ordered by any court, The Commission or any other duly authorized public
authority.
NONFICATION AND BILLING
1. Meters will be read on the first business day of each mqnth (weather providing). Bills
will be sent out by the 10th with payrnent due by the 25th of each montt. The basic
monthly fee is determined 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 10%
discount because of its intemrptible, off-peak usage capabilities.
b.) In addition, Happy 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.
2. A billing will be consideredpast due (60) days afler the billing date. A written Initial
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 of the Initial Notice.
There will be a Grace Period of (7) seven days after the Final Notice h4s been mailed.
3. At least (24) twenty-four hours before the service is terrninated a notice will be left at
the property advising you of the steps needed to have services restored.
4. When the Q$ twenty-four hou period has ended another attempt will be made to
contact you in person or by telephone before service is terrninated.
5. Only a (24) twenty-four hour notice is required if you do not make an initial payment
according to the paynent arxangement or the initial payment is not honored by the
bank.
PAYI\4ENT ARRANGEMBNTS AND SPECIAL CIRCT'MSTANCES
If you cannot pay your billing in fuX or you receive a notice of terminatio4 please call our office
at [phone]. Payment arrangements can be made to avoid termjnation 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, and the name, tifle and signature of the person certiffing the
serious illness or medical emergency.
COMPLAINT PROCEDI.'RES
If at any time you have a complaint conceming the tennination of servicg 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. If you are dissatisfied with the proposed resolution ofyour complaint
you may ask fte IPUC to review the matter. Your request may be done oraily or in writing.
Your service will not be disconnected while the complaint is being investigated by the utility or
the IPUi.
RESTRICTION OF TERMINATION OF SERYICE
Service will not 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 immediatelybefore
any iegal holiday. Service will only be terminated between the hours of 8:00am and 4:00pm.
The employee sent to the premises to temfinate service will identifi himself/herself to you and
state the purpose of the visit. This person is authorized to accep 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 pemrit.
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 extra 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 andthe company. Only one residence
per hook-up is allowed. Aay inigation usage will now be metered. The monthly_rate is as
appears on Page One uuder'1.{otification and Billing". Payment is due by the 25s of the month,
bills will be considered ileliaquent by the 30e of the month. Anangements can be made to pay
in advance monthln quarterly, semi-annually or annually.
RECONNECTION EEE
If water senrice is terminated, the balauce in fulI, plus a reconnect fee of $18.50 (during office
hours) or $33.50 (after hours) is due if reconnection is done within 30-days. After 30-days the
reconnect fee is as follows:
METER SIZE:
0.7s
1.00
1.s0
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{ AITTHORIZ, ED AGtrNT OF THE COM?ANY SIIALL TAMPER
wrrg coMpAl.w's LoCKING vALvE AND METER.
Addendum to item #11
CDS Stoneridge Partuers
This entity is a major equity holder of Stoneridge Utilities, Land and Golf
The ownership consists of several limited partners with Dean Allar4 Cluis Young, and Dan Stango
as general parhers
CDS Stoneridge Land
This is a sister c,ompany of Stoneridge Utilities and is owned by CDS Stoneridge Partners
CDS Stoneridge Golf
This is a sister company of Stoneridge Utilities and is owned by CDS Stoneridge Parbrers
These entities all have the same addresses as that of Stoneridge Utilities.
They provide administative, management and financial services to Stoneridge Utilities.