2021Annual Report.pdf

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A]YIY(IAL REPORT
OF
Troy Hoffman Water Corporation
NAME
710 W. Dalton Avenue, Suite J
Coeur d'Alene ldaho 83815
ADDRESS
TO THE
IDAHO PUBLIG
UTILITIES GOMMISSION
FOR THE
YEAR ENDED 2021
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ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING 2021
(January thru September 3, 202L when we sold all assets)
COMPANY INFORMATION
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
710 W Dalton Ave, Suite J
Corporation
Coeur d'Alene, Kootenai County
11 Are there any affiliated companies? (yes or no)No
If yes, attach a list with names, addresses & descriptions. Explain any services provided to the utility
L2 Contact Information Name Phone No.
Troy Hoffman Water Corporation
November 11 L973
Idaho
Coeur d'Alene
Idaho
83815
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?
Ron
Ken Murren
All Service Electric
Ron
All Service Electric
We sold all assets to Gem State Water Com pany, LLC on9/3/2O2L
Coeur d'Alene
Idaho
83815
If yes, attach a llst with names, addresses & descriptions. Explain any services provided to the utility.
t4 Where are the Company's books and records kept?
Street Address 710 W Dalton Ave, Suite B
City
State
zip
208-664-9858
208-654-9858
208-554-9858
208-664-9858
208-664-9858
Joe Terry Mods with Anne CIA Correction 1of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Troy Hoffman Water Corporation
COMPANY INFORMATION (Cont.) For the Year Ended
15 Is the system operated or maintained under a service contract?
16 If yes: With whom is the contract? All Service Electric
When does the contract expire?
What services and rates are included?
L7 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 Department of Environmental Quality?
If yes, attach full explanation
No
20 Has the Idaho Department of Environmental Quality
202t
Ended
All Service & Northstar
Ended
Various 1Boo
No
recommended any improvements?
If yes, attach full explanation
2L 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
0
0
0
0
June 2021
No
Joe Terry Mods with Anne CIA Correction 2of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Troy Hoffman Water Corporation
REVENUE & EXPENSE DETAIL For the Year Ended
SUB ACCT DESCRIPTION
202L
1
2
3
4
5
6
7
8
4OO REVENUES
460 Unmetered Water Revenue
461.1 Metered Sales - Residential
461.2 Metered Sales - Commercial, Industrial
462 Fire Protection Revenue
464 Other Water Sales Revenue
465 Irrigation Sales Revenue
466 Sales for Resale
4oo 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
601.1-6 Labor - Operation & Maintenance
60L.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 - Operatlon & Maint
620.7-s Materials & Supplies - Administrative & General
631-34 Contract Services - Professional
63s Contract Services - Water Testing
636 Contract Services - Other
641-42 Rentals - Property & Equipment
650 TransportationExpense
656-59 Insurance
560 Advertising
666 Rate Case Expense (Amortization)
667 Regulatory Comm. Exp. (Other except taxes)
670 Bad Debt Expense
675 Miscellaneous
$ 40,121.00
Booked to Acct #
Booked to Acct #
Booked to Acct #
$ 222,040.00
$2,000.00
$6,279.0O
$715.00
$556.00
$6,302.00
$225.00
$5,600.00
$188.00
$57.00
40,L2L.O0$
9
10
11
L2
13
t4
15
16
L7
18
19
20
2L
22
23
24
25
26
27
28
29
30
31
32
33 Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4,line 2)
Joe Terry Mods with Anne CIA Correction
$243,962.00
3of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Troy Hoffman Water Corporation
INCOME STATEMENT For the Year Ended
SUB AccT DESCRIPTION
1
2
3 403
4 406
5 4ol
6 408.10
7 4oa.Lr
8 408.12
9A 408.13
9B
9C
9D
10 409.10
11 409.11
L2 410.10
13 410.1r
L4 4Lr
15 4tz
16
17 4t3
18 4L4
19
20 41s
2L 416
22 4ts
23 4zo
24 4zt
25 426
26 408.20
27 409-20
28
29
30 427.3
31 427.s
32
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 (tist) DEQ Fees
Idaho State Building Fund
Federal Income Taxes
State Income Taxes
$40,121.00
202L
$ (206,097.00)
$
$ (206,097.00)
$614.00
$ (206,711.00)
$ 243,962.00
$L,779.OO
$83.00
$354.00
$
$20.00
$20.00
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 lncome
Miscellaneous Non-Utility Expense
Other Taxes, Non-Utility Operations
Income Taxes, Non-Utility Operations
Net Non-Utility Income (Add lines 20,22,23 & 24 less lines 21,25,26, & 27)
Gross Incom€ (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)
$246,218.OO
Joe Terry Mods with Anne CIA Correction 4of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Troy Hoffman Water Corporation
ACCOUNT 101 PI.ANT IN SERVICE DETAIL
SUB ACCT DESCRIPTION
Balance
Beginning
of Year
For the Year Ended
Added
During
Year
202L
Removed
During
Year
Balance
End of
Year
1 301
2 302
3 303
4 304
5 3os
6 306
7 307
8 308
9 309
10 310
11 311
t2 320
13 330
L4 331
15 333
16 334
17 33s
18 336
19 339
20 340
21 341
22 342
23 343
24 344
25 34s
26 346
27 347
28 348
Organization
Franchises and Consents
Land & Land Rights
Structures and Improvements
Collecting & Impounding Reservoirs
Lake, River & Other Intakes
Wells
Infiltration Galleries & Tunnels
Supply Mains
Power Generation Equipment
Power Pumping Equipment
Purification Systems
Distribution Reservoirs & Standpipes
Trans. & Distrib. Mains & Accessories
Services
Meters and Meter Installations
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
9 2.00
700.00
795.00
.00
1 362.00
27.OO29
(Add lines 1 - 28) Enter beglnning & end of year totals on Pg 7, Line 1
$
$
9,272.00$
2,700.00$
$
$
$
$
$
$
$ 40,79s.00
$
$
$ 9,498.00
$
$ 1,362.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$$$ 63,627.00
Joe Terry Mods with Anne CIA Correction 5of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Troy Hoffman Water Corporation
ACCUMUI.ATED DEPRECIATION ACCOUNT 108.1 DETAIL For the Year Ended
Balance
Beginning
of Year
202L
Depreciation
Rate
o/o
Balance
End of
Year
Increase
or
DESCRIPTION
Structures and Improvements
Collecting & Impounding Reservoirs
Lake, River & Other Intakes
Wells
Infiltration Galleries & Tunnels
Supply Mains
Power Generation Equipment
Power Pumping Equipment
Purification Systems
Distribution Reservoirs & Standpipes
Trans. & Distrib. Mains & Accessories
Services
Meters and Meter Installations
Hydrants
Backflow Prevention Devices
Other Plant & Misc. Equipment
Office Furniture and Equipment
Transportation Equipment
Stores Equipment
Tools, Shop and Garage Equipment
Laboratory Equipment
Power Operated Equipment
Communications Equipment
Miscellaneous Equipment
Other Tangible Property
TOTALS (Add Lines 1 - 25)
Enter beginning & end of year totals on Pg 7, Line 7
SUB ACCT
1
2
3
4
5
6
7
8
9
10
11
L2
13
L4
15
16
L7
18
19
20
2L
22
23
24
25
26
304
305
306
307
308
309
310
311
320
330
331
333
334
335
336
339
340
34L
342
343
344
345
346
347
348
2.850/o
4.590/o
t.660/o
2.860/o
655.00$732.00$77.00$
$$
$$
$$
$$
$$
$$
20,454.00$22.326.00$L.B72.OO$
$$
$$
8,748.00$8.906.00$158.00$
$$
t.324.00$1.363.00$39.00$
$$
$$
$$
$$
$$
$$
$$
$$
$$
$$
$$
$$
31,181.00$33,327.O0$$ 2.146.00
Joe Terry Mods with Anne CIA Correction 6of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Troy Hoffman Water Corporation
BALANCE SHEET
ASSETS
For the Year Ended
Balance
Beginning
of Year
202L
Balance
End of
Year
Increase
or
DESCRIPTION
Utility Plant in Service (From Pg s, Line 29)
Utility Plant Leased to Others
Plant Held for Future Use
Construction Work in Progress
Utility Plant Aquisition Adjustment
Subtotal (Add Lines 1 - 5)
Accumulated Depreciation (From Pg 6, Line 26)
Accum. Depr. - Utility Plant Lease to Others
Accum. Depr. - Property Held for Future Use
Accum. Amort. - Utility Plant in Service
Accum. Amort. - Utility Plant Lease to Others
Accumulated Amortization - Aquisition Adj.
Net Utility Plant (uine 6 less lines 7 - 12)
Investment in Subsidiaries
Other Investments
Total Investments (Add lines 14 & 15)
Cash
Short Term Investments
Accts/Notes Receivable - Customers
Other Receivables
Receivables from Associated Companies
Materials & Supplies Inventory
Prepaid Expenses
Unbilled (Accrued) Utility Revenue
Provision for Uncollectable Accounts
Total Current (Add lines L7 - 24, less line 25)
Unamortized Debt Discount & Expense
Preliminary Survey & Investigation Charges
Deferred Rate Case Expenses
Other Deferred Charges
Total Assets (Add tines 13, 16 & 26 - 30)
SUB ACCT
L
2
3
4
5
6
7
I
9
10
11
t2
13
L4
15
16
L7
18
19
20
2L
22
23
24
25
26
27
28
29
30
31
131
135
L4t
t42
145
151
L62
L73
L43
101
LO2
103
105
114
108.1
108.2
108.3
110.1
110.2
115
63 627.00
63 .00
31 181.00
32 00
4 941.00
4 .00
t23
t25
181
183
184
186
63,627.00$$
$
$
$
$
63.627.00$$
33,327.00$2,t46.00$
$
$
$
$
$
30,300.00$$ (2,146.00)
$
$
$$
$$ (4,941.00)
$
$
$
$
$
$
$
$
$$ (4,941.00)
$
$
$
$
$ (7.087.00)30,3oo.oo$
Joe Terry Mods with Anne CIA Correction
37 87.00
7of73
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Troy Hoffman Water Corporation
BALANCE SHEET
LIABILITIES & CAPITAL
For the Year Ended
Balance
Beginning
of Year
202L
Balance
End of
Year
Increase
or
1
2
3
4
5
6
7
8
9
10
11
L2
13
L4
15
16
L7
18
19
20
2t
22
23
24
25
26
27
28
29
30
31
SUB ACCT DESCRIPTION
201-3 Common Stock
204-6 Preferred Stock
zoz-rg Miscellaneous Capital Accounts
2r4 Appropriated Retained Earnings
21s UnappropriatedRetainedEarnings
216 Reacquired Capital Stock
2LB Proprietary Capital
Total Equity Capital (Add Lines 1-5+7 less line 6)
221-2 Bonds
223 Advances from Associated Companies
224 Other Long - Term Debt
231 Accounts Payable
232 Notes Payable
233 Accounts Payable - Associated Companies
23s CustomerDeposits (Refundable)
236.11 Accrued Other Taxes Payable
236.12 Accrued Income Taxes Payable
236.2 Accrued Taxes - Non-Utility
237-40 Accrued Debt, Interest & Dividends Payable
24r Misc. Current & Accrued Liabilities
zst Unamortized Debt Premium
252 Advances for Construction
2s3 Other Deferred Liabilities
255.1 Accumulated Investment Tax Credits - Utility
255.2 Accum. Investment Tax Credits - Non-Utility
261-5 Operating Reserves
27t Contributions in Aid of Construction
272 Accum. Amort. of Contrib. in Aid of Const. **
281-3 Accumulated Deferred Income Taxes
Total Liabilities (Add tines 9 - 29)
TOTAL LIABILITIES & CAPITAL ( Add tines 8 & 30)
rr Only if Commission Approved
5 .00
4 72.00
5 18
L4 L7,L8
1 17.00
1 59.00
2 70.00
$$ (s,000.00)
$$ (4,272.00)
(201.665.82)$$ (206,711.00)
(201.665.82)$$ (215,983.00)
$$ (13.517.00)
12,859.00$$
(3,673.00)$(367.00)$
9,186.00$$ (13.884.00)
(192,479.82\$$ (229,867.00)
Joe Terry Mods with Anne CIA Correction
37 .18
8of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Troy Hoffman Water Corporation
STATEMENT OF RETAINED EARNINGS FoT the YeaT Ended
1 Retained Earnings Balance @ Beginning of Year
2 Amount Added from Current Year Income (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 ofYear
CAPITAL STOCK DETAIL
No. Shares
7 Description (Class, Par Value etc.) Authorized
Common, 91.00 par
DETAIL OF LONG.TERM DEBT
202L
Interest
Rate
Year-end
Balance
$5,045.18
$(206,711.00)
$201,665.82)
No. Shares
Interest
Paid
Dividends
Paid
Interest
Accrued
5000 5000
$
8
All Service Electric-for new install
for new m install
Dalton - the new
Totals
7.400/o $30.00$
4.2oo/o $18.00$
7.50o/o $$566.00
$614.00$$
ioe Terry Mods with Anne CIA Correction 9of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Troy Hoffman Water Corporation
SYSTEM ENGINEERING DATA For the Year Ended
1 Provide an updated system map if significant changes have been made to the system during the year.
2 Water Supply: rype or
Treatment:
Rated (None, Chlorine Annual
Capacity Fluoride Production
2021
Water
Supply
Source
(well, Spring,
or location
Pu se-corner of Hoffman Ave & Anne St
Total
Capacity
000's
Gal.
Fllter etc.
Usable
Capacity
000's
Gal.
Type of
Reservoir
(Elevated
Pressurized
Surface
Construction
(Wood,
Steel
TOTALS
3 System Storage:
#1 300 None Well
#2 L90 None Well
0
or Location
Pum of Hoffman Ave & Anne St
(Duplicate form and attach if necessary. Asterisk facilities added this year.)
#1 4,000 4000 Pressurized Steel
#2 3,000 3000 Pressurized Steel
Joe Terry Mods with Anne CIA Correction 10 of 13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Troy Hoffman Water Corporation
SYSTEM ENGINEERING DATA Continued For the Year Ended
4 Pump information for ALL system pumps, including wells and boosters.
Rated
Horse power
(hp)
Rated
Capacity
202L
Discharge
Pressure
Energy used
this Year
Designation or Location &of Pum
Corner of Hoffman Ave & Anne St
Submersible
Corner of Hoffman Ave & Anne St
Submersible
** 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 If Wells are metered:
What was the total amount pumped this year? 000's gal.
What was the total amount pumped during peak month? 000's gal.
What was the total amount pumped on the peak day? gal.
6 If customers are metered, what was the total amount sold in peak month? 000's gal.
7 Was your system designed to supply fire flows?
If Yes What is current system rating?
8 How many times were meters read this year?
During which months? April, lune and August
9 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?
If Yes, attach an explanation of projects and anticipated costs!
11 In what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded?
11 794
Yes
Unknown
Less than 5olo
Less than 3olo
No
30 300
20 190
3
Joe Terry Mods with Anne CIA Correction
None
11 of 13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Troy Hoffman Water Corporation
SYSTEM ENGINEERING DATA Continued
FEET OF MAINS
1 Pipe
Size
For the Year Ended 2027
(January thru September 3,2021 when we sold all assets)
In Use Installed Abandoned In Use
Beginning During During End of
Of Year Year Year Year
8" Code
6u
4"
6n
4"
CUSTOMER STATISTICS
Metered:
Residential
Commercial
Industrial
Flat Rate:
Residential
Commercial
Industrial
Private Fire Protection
Public Fire Protection
Street Sprinkling
Municipal, Other
Other Water Utilities
TOTALS (Add lines 2 through 8)
Number of customers Thousands of Gallons Sold
2
2A
28
2C
3A
3B
3C
3
4
5
6
7
I
1600 1600
3850 3850
2263 2263
3040 3040
L237 t237
This
Year
Last
Year
This
Year
Last
Year
L47 747 24,627 24,6L8
L47 L47 24,627 24,6t8
Joe Terry Mods with Anne CIA Correction 12 of 13
theWE,
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBUC UTIUTIES COMMISSION
CERTIFICATE
State of Idaho
)ss
County of Kootenai )
of the Trov Hoffman Water Coro
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.
(Officer in Charge of Accounts)
Subscribed and Sworn to Before Me w
tnis B oav
NOTARY PUBLIC
My Commission Expires n OF
Joe Terry Mods with Anne CIA Correction
gd k/excelf nelson/anulrpts/wtra n n ua lrpt
13 of 13