2011Annual Report.pdf

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ANNUAL REPOR
Xv
NAME•
JON PINARDI/DIRECTOR
TETON SPRINGS WATER &
SEWER COMPANY, LLC
75 WEST 950 SOUTH SUITE 3
VICTOR, ID 83455
TO THE
TiY
UTILITIES COMMISSION
FOR THE
YEAR ENDED 2011
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I
ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING 12-'J.ai Ii
COMPANY INFORMATION
I Give full name of utility
Telephone Area Code ( ?o'
E-mail address
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
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11 Are there any affiliated companies? Jp
If yes, attach a list with names, addresses & descriptions. Explain any services
provided to the utility.
12 Contact Information
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? t1J o
If 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 2r )-Sc ck ücLr-s }-I
City
State I Th
Zip
Rev 3/02 Page 1
It KJAME:
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?
When does the contract expire?
What services and rates are included?
17 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 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 Bills
Disconnection
22 Number of Customers involuntarily disconnected
23 Date customers last received a copy of the Summary
of Rules required by IDAPA3I.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
NAME: i
REVENUE & EXPENSE DETAIL
For the Year Ended iz_)i&j ii
ACCT # DESCRIPTION
400 REVENUES
1 460 Unmetered Water Revenue /3 q f7,Zi
2 461.1 Metered Sales - Residential
3 461.2 Metered Sales - Commercial, Industrial 36 o'V
4 462 Fire Protection Revenue
5 464 Other Water Sales Revenue
6 465 Irrigation Sales Revenue
7 466 Sales for Resale
8 400 Total Revenue (Add Lines I - 7) Z5T. 37'
(also enter result on Page 4, line 1)
9 * DEQ Fees Billed separately to customers Booked to Acct #
10 ** Hookup or Connection Fees Collected Booked to Acct #
11 ***Commission Approved Surcharges Collected Booked to Acct #
401 OPERATING EXPENSES
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 i 9b..3'
20 620.1-6 Materials & Supplies - Operation & Maint. &'3'
21 620.7-8 Materials & Supplies - Administrative & General
22 631-34 Contract Services - Professional
23 635 Contract Services - Water Testing 7'/O
24 636 Contract Services - Other O
25 641-42 Rentals - Property & 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
32 675 Miscellaneous
33 Total Operating Expenses (Add lines 12 -32, also enter on Pg 4, line 2) /39 Z-49
Rev 3/02 Page 3
itarne: -r, L, 1Lk€i -
INCOME STATEMENT
For Year Ended !-/pi 1" ACCT # DESCRIPTION
I Revenue (From Page 3, line 8)
2 Operating Expenses (From Page 3, line 33) 139 Z.2..9
3 403 Depreciation Expense
4 406 Amortization, Utility Plant Aquisition Ad].
5 407 Amortization Exp. - Other
6 408.10 Regulatory Fees (PUC) 2'97
7 408.11 Property Taxes
8 408.12 Payroll Taxes
9A 408.13 Other Taxes (list) DEQ Fees
9B
9C
9D
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 Utility 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) // 7
Rev 3/02 Page 4
Name:
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended
Balance Added Removed Balance
Beginning During During End of
of Year Year Year Year
IZI 3t3 - - 3(_3
Enter beginning & end of year totals on Pg 7, Line 1
SUB
ACCT # DESCRIPTION
I 301 Organization
2 302 Franchises and Consents
3 303 Land & Land Rights
4 304 Structures and Improvements
5 305 Collecting & Impounding Reservoirs
6 306 Lake, River & Other Intakes
7 307 Wells
8 308 Infiltration Galleries & Tunnels
9 309 Supply Mains
10 310 Power Generation Equipment
11 311 Power Pumping Equipment
12 320 Purification Systems
13 330 Distribution Reservoirs & Standpipes
14 331 Trans. & Distrib. Mains & Accessories
15 333 Services
16 334 Meters and Meter Installations
17 335 Hydrants
18 336 Backflow Prevention Devices
19 339 Other Plant & Misc. Equipment
20 340 Office Furniture and Equipment
21 341 Transportation Equipment
22 342 Stores Equipment
23 343 Tools, Shop and Garage Equipment
24 344 Laboratory Equipment
25 345 Power Operated Equipment
26 346 Communications Equipment
27 347 Miscellaneous Equipment
28 348 Other Tangible Property
29 TOTAL PLANT IN SERVICE
(Add lines 1 - 28)
Rev 3/02 Page 5
U
Name:
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
For Year Ended IJI
SUB
ACCT #
1 304
2 305
3 306
4 307
5 308
6 309
7 310
8 311
9 320
10 330
11 331
12 333
13 334
14 335
15 336
16 339
17 340
18 341
19 342
20 343
21 344
22 345
23 346
24 347
25 348
26
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 I - 25)
Depreciation Balance Balance Increase
Rate Beginning End of or
% of Year
10 11 I i. i/j:.q
1/0/3? Ill (ZZ I /•4'd 1
Enter beginnifg & end of year totals on Pg 7, Line 7
Rev 3/02 Page 6
4- Name: k
BALANCE SHEET
For Year Ended 1 7'i
ASSETS Balance Balance Increase
Beginning End of or
ACCT # DESCRIPTION of Year Year (Decrease)
1 101 Utility Plant in Service (From Pg 5, Line 29) /,Z 3(3 /Z, 363 . ot±
2 102 Utility Plant Leased to Others
3 103 Plant Held for Future Use
4 105 Construction Work in Progress
5 114 Utility Plant Aquisition Adjustment
6 Subtotal (Add Lines 1 - 5) /2 363 /2 365 0. 0c
7 108.1 Accumulated Depreciation (From Pg 6, Line 26) /1 / / 6ZL 0,0 2)
8 108.2 Accum. Depr. - Utility Plant Lease to Others
9 108.3 Accum. Depr. - Property Held for Future Use
10 110.1 Accum. Amort. - Utility Plant in Service
11 110.2 Accum. Amort. - Utility Plant Lease to Others
12 115 Accumulated Amortization - Aquisition Adj.
13 Net Utility Plant (Line 6 less lines 7- 12)
14 123 Investment in Subsidiaries
15 125 Other Investments
16 Total Investments (Add lines 14 & 15)
17 131 Cash S5" J3 77?
18 135 Short Term Investments
19 141 Accts/Notes Receivable - Customers /6, 5/? Z2 iSf 2.. 30
20 142 Other Receivables 0.00
21 145 Receivables from Associated Companies
22 151 Materials & Supplies Inventory ,Z Z6,3 I2 3&3 0.
23 162 Prepaid Expenses
24 173 Unbilled (Accrued) Utility Revenue
25 143 Provision for Uncollectable Accounts
26 Total Current (Add lines 17-24 less line 25) Z -7 i/ 9,3 399 (Z9 ç)
27 181 Unamortized Debt Discount & Expense
28 183 Preliminary Survey & Investigation Charges
29 184 Deferred Rate Case Expenses
30 186 Other Deferred Charges
31 Total Assets (Add lines l3,16&26-30)
Rev 3/02 Page 7
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47'~;' 4141 I7C 7, 615Z
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Name: (sf'
BALANCE SHEET
For Year Ended I'.31
LIABILITIES & CAPITAL Balance Balance Increase
Beginning End of or
ACCT# DESCRIPTION of Year Year (DecreasE
I 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 1-5+7 less line 6)
9 221-2 Bonds
10 223 Advances from Associated Companies
II 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 Misc. Current & Accrued Liabilities
21 251 Unamortized Debt Premium
22 252 Advances for Construction
23 253 Other Deferred Liabilities
24 255.1 Accumulated Investment Tax Credits - Utility
25 255.2 Accum. Investment Tax Credits - Non-Utility
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 -29
31 TOTAL LIAB & CAPITAL (Add lines 8 & 30)
** Only if Commission Approved
Rev 3/02 Page 8
Name:
STATEMENT OF RETAINED EARNINGS
For Year Ended

I 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 of Year
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CAPITAL STOCK DETAIL
No. Shares No. Shares Dividends
7 Description (Class, Par Value etc.) Authorized Outstandinç Paid
DETAIL OF LONG-TERM DEBT
Interest Year-end Interest Interest
E.
Rev 3/02 Page 9
Ntame: 'jflg S--A LIL€-r- c' &
SYSTEM ENGINEERING DATA
For Year Ended /
Provide an updated system map if significant changes have been made to the system during the year.
2 Water Supply: Type of Water
Treatment: Supply
Rated (None, Chlorine Annual Source
Capacity Fluoride Production (Well, Spring,
3 System Storage:
Total Usable Type of
Capacity Capacity Reservoir Construction
000's 000's (Elevated,Pres- (Wood, Steel
(Duplicate form and attach if necessary. Asterisk facilities added this year.)
Rev 3/02 Page 10
1'?ame: S&- LL
SYSTEM ENGINEERING DATA
(continued)
For Year Ended ll
4 Pump information for ALL system pumps, including wells and boosters.
Rated Discharge Energy
Designation or Location Horse Capacity Pressure Used
Attach additional sheets if inadequate space is available on this page.
5 If Wells are metered:
What was the total amount pumped this year? 3 3410 000
What was the total amount pumped during peak month? 7 4/ c2 V
What was the total amount pumped on the peak day? '// LO0
6 If customers are metered, what was the total amount sold in peak month?
7 Was your system designed to supply fire flows? ES
If Yes: What is current system rating?
8 How many times were meters read this year? 0
During which months?
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? 39
10 Are backbone plant additions anticipated during the coming year? iJO
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?
Rev 3/02 Page 11
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
TOTALS (Add lines 2 through 8)
Name: 're.Lr. J&kr EC)Er
SYSTEM ENGINEERING DATA
(conti ued)
For Year Ended ( _3l /11
FEET OF MAINS
In Use Installed Abandoned In Use
I Pipe Beginning During During End of
Size Of Year Year Year Year
CUSTOMER STATISTICS
umoer or usinmers mo' '-anas or Ljayons oom
Last
Year
This
Year
Last
Year
This
Year
,i/A
Al/A
2'76 207
1
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Rev 3/02 Page 12
CERTIFICATE
State of Idaho )
County
$s
WE the undersigned
and
of the \-c- \)c- 4
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 hay* carefully examined same, and
declare the some 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 ftdn set forth, to the best of our
knowledge, information and b.f.
(Officer In Charge of Accounts)
Subscribed and Sworn to Before Ms
ttus \(D daof INQc
4~LL
PUBLIC /
/11 J/I My Commission Expires 7
Teresa lbSOfl
Notary Public
State of Idaho
Rev 3/02 Page 13