2018Annual Report.pdf

Sr,t-ls- t,
AI{I{(IAL REPORT
OF
CDS STONERIDGE UTILITIES, LLC
NAME
17173 E. PIER ROAD
BAYVIEW rD 83803
ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES GOMMISSION
FOR THE
2018YEAR ENDED
ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSTON
FOR THE YEAR ENDING 31-Dec-18
COMPANY INFORMAT!ON
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 Stoneridqe Resort and Golf Course Community
CDS Utilities LLC
Apr-01
Utah
17173 E. Pier Road
Bawiew
ldaho
83803
oartn ersh ip
Blan 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 Name
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 !ist with names, addresses & descriptions. Explain any services
provided to the utility.
14 Where are the Company's books and records kept?
Street Address 17173 E. Pier Road
City Bayview
State ldaho
83803
Phone No.
Chan Karu
Chan Karu
Chan Karu
Chan Karu
Keith Rusho
Chan Karu
660-1045
660-1045
660-1045
660-1045
437-3148
660-'1045
No
Rev 3/02
Zip
Page 1
ves
NAME CDS Stoneridqe Utilities, LLC
15 ls 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?
No
17 ls water purchased for resale through the system?No
'18 lf 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
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 See letters and responses attached
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?
0
0
0
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? No
lf yes, attach full explanation
and an updated system map
No
?
0
2016
Rev 3/02 Page 2
COMPANY INFORMATION (Cont.)
Forthe Year Ended 31-Dec-18
NAME
ACCT #DESCRIPTION
CDS Stoneridqe Utilities, LLC
REVENUE & EXPENSE DETAIL
For the Year Ended 31-Dec-18
1
2
3
4
5
6
7
8
4OO REVENUES
460 Unmetered Water Revenue
461.1 Metered Sales - Residential
461.2 Metered Sales - Commercial, lndustrial
462 Fire Protection Revenue
464 Other Water Sales Revenue
465 lrrigation Sales Revenue
466 Sales for Resale
400 Total Revenue (Add Lines 1 - 7)
(also enter result on Page 4, line 1)
* DEQ Fees Billed separately to customers
** Hookup or Connection Fees Collected
***Commission Approved Surcharges Collected
401 OPERATING EXPENSES
Labor - Operation & Maintenance
Labor - Customer Accounts
Labor - Administrative & General
Salaries, Officers & Directors
Employee Pensions & Benefits
Purchased Water
Purchased Power & Fuel for Power
Chemicals
Materials & Supplies - Operation & Maint.
Materials & Supplies - Administrative & General
Contract Services - Professional
Contract Services - Water Testing
Contract Services - Other
Rentals - Property & Equipment
Transportation Expense
lnsurance
Advertising
Rate Case Expense (Amortization)
Regulatory Comm. Exp. (Other except taxes)
Bad Debt Expense
Miscellaneous
152 868
31 791
26,820
50,617
262,096
Booked to Acct #
26,820 Booked to Acct #323200
Booked to Acct #
14,722
13,850
4,889
15,117
543
12,493
3,744
5,642
757
4,326
3
1
2
0
o
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
601.1-6
601.7
601.8
603
604
610
615-16
6'18
620.1-6
620.7-8
631-34
635
oJo
641-42
650
656-59
660
666
667
670
675
2
3
5
4
I
0
4
6
Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2)
Rev 3/02 Page 3
321
79,589
1,185
Name:
ACCT #DESCRIPTION
CDS Stoneridge Utilities, LLC
INCOME STATEMENT
For Year Ended 12131120'18
1 Revenue (From Page 3, line 8)
2 Operating Expenses (From Page 3, line 33)
3 403 Depreciation Expense
4 406 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 Other Taxes (list) DEQ Fees
262,096
79,589
35 516
549 11
122788
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
409.1 0
409.11
410.10
410.11
411
412
5,827
Federal lncome Taxes
State lncome Taxes
Provision for Deferred lncome Tax - Federal
Provision for Deferred lncome Tax - State
Provision for Deferred Utility lncome Tax Credits
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 &18 less line 1 6)
Revenues, Merchandizing Jobbing and Contract Work
Expenses, Merchandizing, Jobbing & Contracts
lnterest & Dividend lncome
Allowance for Funds used During Construction
Miscellaneous Non-Utility I ncome
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)
lnterest Exp. on Long-Term Debt
Other lnterest Charges
NET INCOME (Line 29 less lines 30 & 31) (Also Enter on Pg 9, Line 2)
124,270
413
414
415
416
419
420
421
426
408.20
409-20
427.3
427.5
137 827
137,827
Rev 3/02 Page 4
______137,8n_
Name: CDS Stoneridqe Utilities, LLC
AGCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended 1213112018
823823
1
2
3
4
5
6
7
8
o
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
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 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)
05'l
477
951,239
Enter beginning & end of year totals on Pg 7, Line 1
Balance
Beginning
of Year
7 900
91 383
078
289
Added
During
Year
Removed
During
Year
Balance
End of
Year
774
91 383
078
289
1 I
051
477
955,159
3,920
3,920 0
Rev 3/02 Page 5
Name:
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
CDS Stoneridge Utilities, LLC
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
For Year Ended 31-Dec-18
1
2
3
4
5
6
7
8
o
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
zo
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
Yo
Balance
Beginning
of Year
Balance
End of
Year
lncrease
or
28 11
2 768
3 757
118
436
35,516
75
52
Enter beginning & end of year totals on Pg 7 , Line 7
637,795 666,1 06
62,347 65,1 1 5
84,642 88,399
2,658 2,776
1,679 1,754
9,821 10,257
1,176 1,228
800,1 1 8 835,634
Rev 3/02 Page 6
Name
ACCT #
CDS Stoneridge Utilities, LLC
BALANCE SHEET
For Year Ended 31-Dec-18
0
0
1
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
27
28
29
30
31
101
102
103
105
114
1 08.1
108.2
108.3
110.1
110.2
'115
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
Subtotal (Add Lines I - 5)
Accumulated Depreciation (From Pg 6, Line 26)
Accum. Depr. - Utility Plant Lease to Others
Accum. Depr. - Property Held for Future Use
Accum. Amort. - Utility Plant in Service
Accum. Amort. - Utility Plant Lease to Others
Accumulated Amortization - Aquisition Adj.
Net Utility Plant (Line 6 less lines 7 - 12)
I nvestment 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 -24less 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
951
951
Balance
End of
Year
lncrease
121 119
or
3 0
3 920
35 16
-31 596
7
129,497 -34,120
800 118
151
123
125
131
135
141
142
145
151
162
173
143
477
477
249
770
96
1
0
0
3
0
0
I 524
181
'183
184
186
163,617
955,'1 59
955,1 59
835,634
477
477
2,363
7,132
0
0
9,972
Rev 3/02 Page 7
CDS Stoneridqe Utilities, LLC
Miscellaneous Capital Accounts
Appropriated Retained Earnings
Unappropriated Retained Earnings
Reacquired Capital Stock
Proprietary Capital
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 Companles
Customer Deposits (Refu ndable)
Accrued Other Taxes Payable
Accrued lncome Taxes Payable
Accrued Taxes - Non-Utility
Accrued Debt, lnterest & Dividends Payable
Misc. Current & Accrued Liabilities
Unamortized Debt Premium
Advances for Construction
Other Deferred Liabilities
Accumulated lnvestment Tax Credits - Utility
Accum. lnvestment Tax Credits - Non-Utility
Operating Reserves
Contributions in Aid of Construction
Accum. Amort. of Contrib. in Aid of Const. **
Accumulated Deferred lncome Taxes
Total Liabilities (Add lines 9 - 29
LIAB & CAPITAL ( Add lines I & 30)
** Only if Commission Approved
Balance Sheet
For Year Ended 1213112018
Balance
Beginning
of Year
223
-2 610
-1 53 387
870
264 094
259 226
524 189
370
Balance
End of
Year
lncrease
or
207-13
214
215
216
218
0
609
7
8
9
222 609
1 706
4 108
-259 226
-300 I
142,981
00
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
221-2
223
224
231
232
233
235
236.11
236.12
236.2
237-40
241
251
252
253
255.1
255.2
261-5
271
272
281-3
TOTAL
123,223
166,999
2,575
220,986
0
0
223,561
513,784
Rev 3/02 Page 8
Name:COS StoneriOqe Utl
STATEMENT OF RETAINED EARNINGS
For Year Ended 31-Dec-18
1 Retained Earnings Balance @ Beginning of Year
2 Amount Added from Current Year lncome (From Pg 4, Line 32)
3 Other Credits to Account
4 Dividends Paid or Appropriated
5 Other Distributions of Retained Earnings
6 Retained Earnings Balance @ End of Year
CAPITAL STOCK DETAIL
7 Desqription (Class, Par Value etc.)
Stoneridge Utilities LLC
is accounted lqr er ijq(lgEhlp
-276,610
137,827
-138,783
DETAIL OF LONG-TERM DEBT
No. Shares
Authorized
no stock
Year-end
Balance
No. Shares
Outstand
lnterest
Paid
Dividends
Paid
lnterest
Accrued8
lnterest
Rate
Note from of
Environmental Qual 2.00%220,986 5,267
Rev 3/02 Page 9
Name:CDS Stoneridqe Utilities. LLC
SYSTEM ENGINEERING DATA
For Year Ended 31-Dec-18
1 Provide an updated system map if significant changes have been made to the system during the year
2 Water Supply:Type of
Treatment:
(None, Chlorine
Water
Supply
Source
(Well, Spring,Fluoride
Filter etc.
Annual
Production
P ation or location 00's Gal Surface
Well#1 E005117 We
Well#1 E005118
Well#3 D0040131
3 System Storage:
Total
Capacity
000's
Gal.
Usable
Capacity
000's
Gal.
Type of
Reservoir
(Elevated,Pres-
Construction
(Wood, Steel
or Location urized Boosted Concrete'
lank 114 mile west of wells Concrete
2 tanks 1 mile west of wells Steel
4 tanks 1 mile west of wells Concrete
(Duplicate form and attach if necessary. Asterisk facilities added this year.)
800 Chlorine 45,821
0 Chlorine back-up
600 Chlorine 64,342
315,000 315,000 Elevated
20,000 20,000 buried
12,000 1 2,000 buried
Rev 3/02 Page 10
Rated
Capacity
4 Pump information for ALL system pumps, including wells and boosters.
Designation or Location
Rated
Capacity
&of Pum
Pu
Pu
Pu
#1 line shaft turbine
#1 line shaft turbine
#3 submersible
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?
8 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?
Horse
Power
Discharge
Pressure
Energy
Used
This Year
107 '150 kwh
107 150 kwh
1 10.2 million ga
28.5 million gallr
.919 million galk
28.1 million galk
yes
5
8
Aprilto Novemb
** Submit pump curves unless previously provided or unavailable. Asterisk facilities added this year
Attach additional sheets if inadequate space is available on this page.
5 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?
6
7
o
713
500
no
125 1,000 115
0 0 0
100 600 115
Rev 3/02 Page 11
202412025
Name: COS StoneriOqe Uti
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 31-Dec-18
Name e Utilities, LLC
1
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 31-Dec-18
FEET OF MAINS
ln Use
Beginning
Of Year
1 355',
12 455',
11 550'
I 500
27 900'
0'
1 00'
CUSTOMER STATISTICS
This
Year
359
16
Metered:
Residential
Commercial
lndustrial
3 Flat Rate:
3,A Residential
38 Commercial
3C lndustrial
4 Private Fire Protection
5 Public Fire Protection
Street Sprinkling
Municipal, Other
8 Other Water Utilities
Pipe
Size
lnstalled
During
Year
Last
Year
Abandoned
During
Year
This
Year
ln Use
End of
Year
8"
o
4"
3"
0"
2"
2"
1 355'
1 45s',
11 550'
9
27 900'
4
1 00'
67110
Last
Year
2
2A
28
2C
39 913
67 144
6
7
354 41,500
15 67,700
369 109,200
Rev 3/02
TOTALS (Add lines 2 through 8)
Page 12
375 107 057