2010Annual Report.pdf

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ANNUALREPORT% Al~.
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NAME
JON PINARDIIDIRECTOR
TETON SPRIGS WATER &
SEWER COMPANY, LLC
75 WEST 950 SOUTH SUITE 3
VICTOR, ID 83455
TO THE
IDAHO PUBLIC
UTiliTIES COMMISSION
FOR THE
YEAR ENDED 20tD \ Dccc~ ~ 3 \)
,ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILlTIEj CO.MMISSION
FOR THE YEAR ENDING I 2/ :31 10
COMPANY INFORMATION
1 Give full name of utilty
Telephone Area Code (
E-mail address
2 Date of Organization
3 Organized under the laws of the state of
4 Address of Principal Offce (number & street)
5 P.O. Box (if applicable)
6 City
7 State
8 Zip Code
9 Organization (proprietor, partnership, corp.)
10 Towns, Counties served
T~.ko"" )T?viuJf i.,~.i )~t. Co-PA~ i LLC
2Pic-Î~7~ ~oo \
Jt' æ -t c- "t .. \A.à . co '-~(1?IDS:r~~'" ~~c.~~ iJu(,
LJiCJ -.:O
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"110 Slv"i~,) ~~b~vi~ibv,
11 Are there any affliated companies?
If yes, attach a list with names, addresses & descriptions. Explain any services
provided to the utilty.
12 Contact Information Name
President (Owner)
Vice President
Secretary
General Manager
Complaints or Billng
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? /. 0
If yes, attach a list with names, addresses & descriptions. Explain any services
provided to the utilty.
14 Where are the Company's books and records kept?
Street Address '" ~~-\C) UV;v(.City VC~..~~ ~QZip 'ß :) '1 Sr
Jo-. ~ vuJl '2 zol- "t77f2
~~..o..l..~""~ZoB 737~~OOI
Phone No
Rev 3/02 Page 1
, NAME: ~VTo~~(~D~W~ 4J )~
COMPANY INFORMATION (Cont.)
For the Year Ended
15 Is the system operated or maintained under aservice contract? Y -e )
16 If yes: With whom is the contract? '"cle; Mc.""A'j""(!..+ ~vi: Co J ,..,.
When does the contract expire? I "L 1~ l L
What services and rates are included? iA U. 0 \~ ~(Ø-) :r 1Ac... JÙ.R,
17 Is water purchased for resale through the system?
18 If yes: Name of Organization
Name of owner or operator
Mailng Address
City
State
Zip
po
GallonslCCF $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 Bils
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
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Rev 3/02 Page 2
NAM:Teton Springs Water and Sewer Company
12 601.1-6 Labor-Operation & Maintenance
13 601.7 Labor - Customer Accounts
14 601.8 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
20 620.1-6 Materials & Supplies-Operation & Maint
21 620.7-8 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 - Propert & 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 4,30732 675 Miscellaneous 920
33 Total Operating Expenses (Add lines 12-32, also enter on Pg 4, line 2)
REVENU & EXPENSE DETAIL
For the Year Ended 1213112010
ACCT#DESCRIPTION
400 REVENUES
Unmetered Water Revenue
Metered Sales - Residential
Metered Sales - Commercial, Industrial
Fire Protection Revenue
Other Water Sales Revenue
Irrigation Sales Revenue
Sales for Resale
Total Revenue (Add Lines 1 - 7)
(also enter result on Page 4, line 1)
9 * DEQ Fees Biled separately to customers
10 ** Hookup or Connection Fees Collected
11 "'Commission Approved Surcharges Collected
1
2
3
4
5
6
7
8
460
461.1
461.2
462
464
465
466
400
401 OPERATING EXPENSES
Rev 3/02
83,226
35,872
9,536
871
129,505
Booked to Acct #
Booked to Acct #
Booked to Acct #
231
8,557
1,508
6,258
2,611
75,949
100,341
Page 3
NAM:Teton Springs Water and Sewer Company
INCOME STATEMENT
For the Year Ended 12/31/2010
ACCT#DESCRIPTION
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 Payroll Taxes
9A 408.13 Other Taxes (list) DEQ Fees
9B
9C
90
10 409.10 Federal Income Taxes
11 409.11 State Income Taxes
12 410.10 Provision for Deferred Income Tax - Federal
13 410.11 Provision for Deferred Income Tax - State
14 411 Provision for Deferred Utility Income Tax Credits
15 412 Investment Tax Credits - Utility
16 Total Expenses from operations before interest (add lines 2-15)
17 413 Income From Utilty Plant Leased to Others
18 414 Gains (Losses) From Disposition of Utility Plant
19 Net Operating Income (Add lines 1,17 &18 less line 16)
20 415 Revenues, Merchandizing Jobbing and Contract Work
21 416 Expenses, Merchandizing, Jobbing & Contracts
22 419 Interest & Dividend Income
23 420 Allowance for Funds used During Construction
24 421 Miscellaneous Non-Utility Income
25 426 Miscellaneous Non-Utility Expense
26 408.20 Other Taxes, Non-Utility Operations
27 409-20 Income Taxes, Non-Utility Operations
28 Net Non-Utility Income (Add lines 20,22,23 & 24 less lines 21,25,26. & 27)
29 Gross Income (add lines 19 & 28)
30 427.3 Interest Exp. on Long-Term Debt
31 427.5 Other Interest Charges
32 NET INCOME (Line 29 less lines 30 & 31) (Also Enter on Pg 9, Line 2)
129,505
100,341
1,484
1,193
839
103,857
25,648
25,648
Rev 3/02 Page 4
4
Name:Teton Springs Water & Sewer LLC
SUB
ACCT#
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
Rev 3/02
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended 12/31/2010
DESCRIPTION
(Add lines 1 - 28)
Balance
Beginning.
of Year
Added
During
Year
Removed
During
Year
Balance
End of
Year
301 Organization
302 Franchises and Consents
303 Land & Land Rights
304 Strctures and Improvements
305 Collecting & Impounding Reservoirs
306 Lake, River & Other Intakes
307 Wells
308 Infiltrtion Galleries & Tunnels
309 Supply Mains
310 Power Generation Equipment
311 Power Pumping Equipment
320 Purification Systems
330 Distrbution Reservoirs & Standpipes
331 Trans. & Distrib. Mains & Accsories
333 Servces
334 Meters and Meter Installations
335 Hydrants
336 Backflow Prevention Devices
339 Other Plant & Misc. Equipment
340 Offce Furniture and Equipment.
341 Transporttion Equipment
342 Stores Equipment
343 Tools, Shop and Garage Equipment
34 Labortory Equipment
345 Power Operated Equipment
346 Communications Equipment
347 Miscellaneous Equipment 12363 12363
348 Other Tangible Properl
TOTAL PLANT IN SERVICE 12363 12363
Enter beginning & end of year totals on Pg 7, Line 1
Page 5
~
:"
Name: Teton Springs Water & Sewer LLC
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
For Year Ended 12/31/2010
SUB
Depreciation
Rate
Balance
Beginning
Balance
End of
Increase
or
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
ACCT#DESCRIPTION %of Year Year (Decrease)
304 Strctures and Improvements
305 Collecting & Impounding Reservoirs
306 Lake, River & Other Intakes
307 Wells
308 Infiltrtion Galleries & Tunnels
309 Supply Mains
310 Power Generation Equipment
311 Power Pumping Equipment
320 Purification Systems
330 Distrbution Reservoirs & Standpipes
331 Trans. & Distrb. Mains & Accssories
333 Serices
334 Meters and Meter Installations
335 Hydrants
336 Backflow Prevention Devices
339 Other Plant & Misc. Equipment
340 Offce Fumiture and Equipment
341 Transporttion Equipment
342 Stores Equipment
343 Tools, Shop and Garage Equipment
34 Laboratory Equipment
345 Power Operated Equipment
346 Communications Equipment
347 Miscellaneous Equipment 8,654 10,138 1,484
34 Other Tangible Propert
TOTALS (Add Lines 1 - 25)8,654 10,138 1,484
Enter beginning & end of year totals on Pg 7, Line 7
Rev 3/Q2 Page 6
Name: Teton Springs Water & Sewer. LLC
BALANCE SHEEr
ACCT#
ForYearEnded 12/31/2010
ASSETS
DESCRIPTION
Balance
Beginning
of Year
Balance
End of
Year
Increase
or
(Decrease)
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
108.1
108.2
108.3
110.1
110.2
115
Rev 3/02
101
102
103
105
114
Utiity Plant in Service
Utiity Plant Leased to Others
Plant Held for Future Use
Construction Work in Progress
Utility Plant Acquisition Adjustment
'Subtotal (Lines 1 thru 5)
Accumulated Depreciation
Accumulated Depreciation - Utiity Plant Leased to Others
Accumulated Depreciation - Propert Held for Future Use
Accumulated Amortization - Utility Plant in Service
Accumulated Amortization - Utiity Plant Leased to Others
Accumulated Amortization - Acquisition Adjustment
Net Utility Plant (Line 6 less lines 7 thru 12)
Investment in Subsidiaries
Other Investments
Total Investments (Add lines 14 & 15)
Cash
Short Term Investments
Accounts/Notes Receivable - Customers
Other Receivables
Receivables from Associated Companies
Materials & Supplies Inventory
Prepaid Expenses
Unbiled (Accrued) Utility Revenue
Provision for Uncollectable Accounts
Total Current Assets (Add lines 17 thru 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, and 26 thru 30)
123
125
131
135
141
142
145
151
162
173
143
181
183
184
186
12,363.00 12,363.00 0.00
12,363.00 12,363.00 0.00
(8,654.00)(10,137.55)(1,483.55)
3,709.00 2,225.45 (1,483.55)
13,215.01 68,853.67 55,638.66
32,713.25 16,547.42 (16,165.83)
25,000.00 25,000.00 0.00
12,362.87 12,362.87 0.00
83,291.13 122,763.96 39,472.83
87,000.13 124,989.41 37,989.28
Page?
Name: Teton Springs Water & Sewer, LLC
BALANCE SHEET
For Year Ended 12/31/2010
LIABILITIES & CAPITAL
ACCT#DESCRIPTION
1 201-3 Common Stock
2 204-6 Preferred Stock
3 207-13 Miscellaneous Capital Accounts
4 214 Appropriated Retained Earnings
5 215 Unappropriated Retained Earnings
6 216 Reacquired Capital Stock
7 218 Proprietary Capital
8 Total Equity Capital (Add lines 1 thru 7)
9 221-2 Bonds
10 223 Advances from Associated Companies
11 224 Other Long-Term Debt
12 231 Accounts Payable
13 232 Notes Payable
14 233 Accounts Payable - Associated Companies
15 235 Customer Deposits (Refundable)
16 236.11 Accrued Other Taxes Payable
17 236.12 Accrued Income Taxes Payable
18 236.2 Accrued Taxes - Non-Utility
19 237.40 Accrued Debt, Interest, & Dividends Payable
20 241 Miscellaneous Current & Accrued Liabilities
21 251 Unamortized Debt Premium
22 252 Advances for Construction
23 253 Other Deferred Liabilties
24 255.1 Accumulated Investment Tax Credits - Utility
25 255.2 Accumulated Investment Tax Credits - Non-Utilty
26 261-5 Operating Reserves
27 271 Contributions in Aid of Construction
28 272 Accum. Amort. Of Contrib. in Aid of Const. **
29 281-3 Accumulated Deferred Income Taxes
30 Total Liabilities (Add lines 9 thru 30)
31 TOTAL L1AB & CAPITAL ( Add lines 8 & 30)
**Only if commission approved
Rev 3/02
Balance
Beginning
of Year
Balance
End of
Year
Increase
or
(Decrease)
26,419.48 14,138.55 (12,280.93)
726.00 36,450.60 35,724.60
27,145.48 50,589.15 23,443.67
27,145.48 50,589.15 23,443.67
Page 8
..
,Name:Teton Springs Water & Sewer LLC
STATEMENT OF RETAINED EARNINGS
For Year Ended 12/31/2009
1 Retained Earnings Balance ~ Beginning of Year
2 Amount Added from Current Year Income (From Pg 4, Une 32)
3 Other Credits to Account
4 Dividends Paid or Appropriated
5 Other Distrbutions of Retained Earnings
6 Retained Earnings Balance ~ End of Year
99,747
25,648
(59,430)
65,965
7 Description (Class, Par Value etc.)
CAPITAL STOCK DETAIL
No. Shares
Authorized
No. Shares
Outstandina
Dividends
Paid
DETAIL OF LONG-TERM DEBT
8 Descriotion
Interest
Rate
Year-end
Balance
Interest
Paid
Interest
Accrued
Rev 3/02 Page 9
~
~Name:-r~,o__ Sp~~) 1A2"'~ ~ ~
SYSTEM ENGINEERING DATA
For Year Ended 17.131 Ii 0
1 Provide an updated system map if significant changes have been made to the system during the year.
2 Water Supply:
Rated
Capacity
Type of
Treatment:
(None, Chlorine Annual
Fluoride Production
Water
Supply
Source
(Well, Spring,Pumo Designation or location loom)Filter etc. ). (OOO's Gal.)Surface Wtr)
Å?ui. 6c I ~Oo t"J..'\L L4 ':£.1 f
A "Jl,(.Pe.z.z.~L WLL\
3 System Storage:
Total
Capacity
OOO's
Usable
Capacity
OOO's
Type of
Reservoir Constrction
(Elevated ,Pres- (Wood, Steel
Storaae Desionation or Location Gal.Gal.urized, Boosted'Concrete)
\."- -\ -r..-L 5"00 SOu ft~.:tt ~1tc:\
(Duplicate form and attach if necessary. Asterisk facilties added this year.)
Rev 3/02 Page 10
~Name:-r~"'- ~i;"'~i Wc¡~ & ~~
SYSTEM ENGINEERING DATA
(continued) .For Year Ended i:: ~ l I i 0
4 Pump information for ALL system pumps, including wells and boosters.
Designation or Location Horse
Rated
Capacity
Discharge
Pressure
Energy
Used
& Tvoe of Pumo**Power (oom)(psi)This YearL)-~..~--
.
. .** 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?
What was the total amount pumped during peak month?
What was the total amount pumped on the peak day?
3:31 r li:,'2., '-o D
s"g (f3 Cø, 800
3£1 t, 2,00
6 If customers are metered, what was the total amount sold in peak month?pA
7 Was your system designed to supply fire flows?
If Yes: What is current system rating?
\(c:)
8 How many times were meters read this year?
During which months?
cp
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!
'Jqy
Jet J
;00
11 In what year do you anticipate that the system capacity (supply, storage or distribution)
wil have to be expanded?LJ"" l.. ""'-
Rev 3/02 Page 11
'"
~Name:T~w," ~?vt\~~ \A~~ A 5c~
SYSTEM ENGINEERING DATA
(continued)
For Year Ended L2.l '(l / i6
FEET OF MAINS
4 II ¡SO'
lø"'400'
~.,..0000 l
is"5"'00 l .
1(,0'\ìoo'
In Use
Beginning
Of Year
Installed
During
Year
Abandoned
During
Year
In Use
End of
Year
1 Pipe
Size
CUSTOMER STATISTICS
Number of Customers Thousands of Gallons Sold
TOTALS (Add lines 2 through 8)
This Last This Last
Year Year Year Year
zoì l 'll.S S
¿, \'1 '2 \
2 Metered:
2A Residential
2B Commercial
2C Industrial
3 Flat Rate:
3A Residential
3B Commercial
3C Industrial
4 Private Fire Protection
5 Public Fire Protection
6 Street Sprinkling
7 Municipal, Other
8 Other Water Utilities
Rev 3/02 Page 12
.
~
CERTIFICATE
State of Idaho )
) ss
County of )
WE. the undersigned ~ "" p ("'£¿
and
of the ; Se~ .sp..~ s Wo"h. S ~ Z:-pct~
utilty, 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 utilty; that we have carefully examined same, and
declare the same to be a correct statement of the business and affairs of said utilty 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.
Subscribed and Sworn to Before Me
this 3i) day of t-"\e.,fc-\-, -zb \\
~\r~..", 'Â~
NOTARY PUBLIC
(l \\e. r-~û--SHANNON R, HERNDON
NOTARVPUBlIC
STATE OF IDAHO
My Commission Expires \t-\'" 2ei 2-D\\P
gdkJexceljnesoniannnurpt
Rev 3/02 Page 13