2022Annual Report.pdf

ANNUAL REPORT
OF
TETON WATER AND SEWER
COMPANY,LLC
NAME
3940 GRAND STREET,PO BOX 786
DRIGGS,ID 83422
ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
YEAR ENDED 2022
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING 2022
COMPANY INFORMATION
1 Give full name of utility Teton Water and Sewer Company LLC
2 Date of Organization 4/12/2012
3 Organized under the laws of the state of Idaho
4 Address of Principal Office (number &street)3940 Grand St
5 P.O.Box (if applicable)PO Box 786
6 City Driggs
7 State Idaho
8 Zip Code 83422
9 Organization (proprietor,partnership,corp.)LLC
10 Towns,Counties served Teton
11 Are there any affiliated companies?(yes or no)
If yes,attach a list with names,addresses &descriptions.Explain any services provided to the utility.
12 Contact Information Name Phone No.
President (Owner)Jon Pinardi 208-354-0256
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?no
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 3940 Grand St
City Driggs
State Idaho
Zip 83422
2022 Annual Report Teton Water &Sewer.xis l of 28
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME:Teton Water and Sewer Company LLC
COMPANY INFORMATION(Cont.)For the Year Ended
15 Is the system operated or maintained under a service contract?Yes
16 If yes:With whom is the contract?Teton Management Services,Inc.
When does the contract expire?9/30/2023
What services and rates are included?All operations and administration
17 Is water purchased for resale through the system?No
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?No
If yes,attach full explanation
20 Has the Idaho Department of Environmental Quality
recommended any improvements?No
If yes,attach full explanation
21 Number of Complaints received during year concerning:
Quality of Service 0
High Bills O
Disconnection 0
22 Number of Customers involuntarily disconnected 0
23 Date customers last received a copy of the Summary
of Rules required by IDAPA 31.21.01.701?4/1/2022
Attach a copy of the Summary
24 Did significant additions or retirements from the
Plant Accounts occur during the year?No
If yes,attach full explanation and an updated system map
2022 Annual Report Teton Water &Sewer.xis 2 of 28
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME:Teton Water and Sewer Company LLC
REVENUE &EXPENSE DETAIL For the Year Ended
SUB ACCT DESCRIPTION
400 REVENUES
1 460 Unmetered Water Revenue
2 461.1 Metered Sales -Residential $138,072
3 461.2 Metered Sales -Commercial,Industrial $7,648
4 462 Fire Protection Revenue
5 464 Other Water Sales Revenue $135
6 465 Irrigation Sales Revenue
7 466 Sales for Resale
8 400 Total RevenUS (Add Lines 1 -7)$145,855
(also enter result on Page 4,line 1)Booked to Acct #
9 *DEQ Fees Billed separately to customers Booked to Acct #
10 **Hookup or Connection Fees Collected $31,883 Booked to Acct #
11 ***Commission Approved Surcharges Collected
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 $9,996
19 618 Chemicals $3,617
20 620.1-6 Materials &Supplies -Operation &Maint.$90,390
21 620.7-8 Materials &Supplies -Administrative &General $955
22 631-34 Contract Services -Professional $130,122
23 635 Contract Services -Water Testing $3,512
24 636 Contract Services -Other $72,052
25 641-42 Rentals -Property &Equipment $2,323
26 650 Transportation Expense
27 656-59 Insurance $2,745
28 660 Advertising
29 666 Rate Case Expense (Amortization)$352
30 667 Regulatory Comm.Exp.(Other except taxes)
31 670 Bad Debt E×pense
Ë2 ÑÃal ReSÑÑËŸÛÑŸ&Sewer.xls 3 of 28
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
33 Total Operating ExpenseS (Add lines 12 -32,also enter on Pg 4,line 2)$316,064
2022 Annual Report Teton Water &Sewer.xis 4 of 28
ANNUAL REPORT FOR WATER UTILITIESTO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME:Teton Water and Sewer Company LLC
INCOME STATEMENT For the Year Ended
SUB ACCT DESCRIPTION
1 RevenUG (From Page 3,line 8)$145,855
2 Operating ExpenseS (From Page 3,line 33)$316,064
3 403 Depreciation Expense
4 406 Amortization,Utility Plant Aquisition Adj.
5 407 Amortization Exp.-Other
6 408.10 Regulatory Fees (PUC)$312
7 408.11 Property Taxes $1,450
8 408.12 Payroll Taxes
9A 408.13 Other Taxes (list)DEQ Fees $1,168
9B Idaho Dept.Water Resources $200
9C
9D
10 409.10 Federal Income Taxes
11 409.11 State Income Ta×es
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)$319,194
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,MerchandizingJobbing 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
NET INCOME 0.ine 29 less lines 30 &31),(Also Enter on Pg 9,Line 2)2 Annual Report Teton Water &Sewer.xis 5 of 28
ANNUAL REPORT FOR WATER UTILITIESTO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME:Teton Water and Sewer Company LLC
ACCOUNT 101 PLANT IN SERVICE DETAIL For the Year Ended
Balance Added Removed
Beginning During During
SUB ACCT DESCRIPTION of Year Year Year
1 301 Organization
2 302 Franchises and Consents
3 303 Land &Land Rights $300,000
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 $1,000
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 $301,000 $-$-
(Add lines 1 -28)Enter beginning &end of year totals on Pg 7,Line 1
2022 Annual Report Teton Water &Sewer.xls 6 of 28
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME:Teton Water and Sewer Company LLC
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL For the Year Ended
Depreciation Balance Balance
Rate Beginning End of
SUB ACCT DESCRIPTION %of Year Year
1 304 Structures and Improvements
2 305 Collecting &Impounding Reservoirs
3 306 Lake,River &Other Intakes
4 307 Wells
5 308 Infiltration Galleries &Tunnels
6 309 Supply Mains
7 310 Power Generation Equipment
8 311 Power Pumping Equipment
9 320 Purification Systems
10 330 Distribution Reservoirs &Standpipes
11 331 Trans.&Distrib.Mains &Accessories
12 333 Services
13 334 Meters and Meter Installations
14 335 Hydrants
15 336 Backflow Prevention Devices
16 339 Other Plant &Misc.Equipment $1,000 $1,000
17 340 Office Furniture and Equipment
18 341 Transportation Equipment
19 342 Stores Equipment
20 343 Tools,Shop and Garage Equipment
21 344 Laboratory Equipment
22 345 Power Operated Equipment
23 346 Communications Equipment
24 347 Miscellaneous Equipment
25 348 Other Tangible Property
26 TOTALS (Add Lines 1 -25)$1,000 $1,000
Enter beginning &end of year totals on Pg 7,Line 7
2022 Annual Report Teton Water &Sewer.xis 7 of 28
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME:Teton Water and Sewer Company LLC
BALANCE SHEET For the Year Ended
ASSETS Balance Balance
Beginning End of
SUB ACCT DESCRIPTION of Year Year
1 101 Utility Plant in Service (From Pg 5,Line 29)$301,000 $301,000
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 $3,142 $3,142
6 Subtotal (Add Lines 1 -5)$304,142 $304,142
7 108.1 Accumulated Depreciation (From Pg 6,Line 26)$1,000 $1,000
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 $292,498 $292,498
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)$10,644 $10,644
14 123 Investment in Subsidiaries
15 125 Other Investments
16 Total InvestmentS (Add lines 14 &15)$-$-
17 131 Cash $8,101 $21,467
18 135 Short Term Investments
19 141 Accts/Notes Receivable-Customers $655 $-
20 142 Other Receivables
21 145 Receivablesfrom Associated Companies
22 151 Materials &Supplies Inventory
23 162 Prepaid Expenses
24 173 Unbilled (Accrued)Utility Revenue
25 143 Provisionfor UncollectableAccounts
26 Total Current (Add lines 17 -24,less line 25)$8,756 $21,467
27 181 Unamortized Debt Discount &Expense
28 183 Preliminary Survey &Investigation Charges
29 184 Deferred Rate Case Expenses
30 186 Other Deferred Charges $103,813 $232,685
31 Total Asset5 (Add lines 13,16 &26 -30)$123,213 $264,796
2022 Annual Report Teton Water &Sewer.xis 8 of 28
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME:Teton Water and Sewer Company LLC
BALANCE SHEET For the Year Ended
LIABILITIES &CAPITAL Balance Balance
Beginning End of
SUB ACCT DESCRIPTION of Year Year
1 201-3 Common Stock
2 204-6 Preferred Stock
3 207-13 Miscellaneous Capital Accounts
4 214 Appropriated Retained Earnings
5 215 Unappropriated Retained Earnings
6 216 ReacquiredCapital Stock
7 218 Proprietary Capital
8 Total Equity Capital (Add Lines 1-5+7 less line 6)$-$-
9 221-2 Bonds
10 223 Advancesfrom Associated Companies
11 224 Other Long -Term Debt $250,000 $250,000
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 Advancesfor 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 $898 $4,410
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)$250,898 $254,410
31 TOTAL LIABILITIES &CAPITAL (Add lines 8 &30)$250,898 $254,410
**Only if Commission Approved
2022 Annual Report Teton Water &Sewer.xls 9 of 28
ANNUAL REPORT FOR WATER UTILITIESTO THE IDAHO PUBLIC UTILITIESCOMMISSION
NAME:Teton Water and Sewer Company LLC
STATEMENT OF RETAINED EARNINGS For the Year Ended
1 Retained Earnings Balance @ Beginning of Year
2 Amount Added from Current Year Income (From Pg 4,Line 32)$(190,839)
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
No.Shares No.Shares
7 Description (Class,Par Value etc.)Authorized Outstanding
DETAIL OF LONG-TERM DEBT
Interest Year-end Interest
8 Description Rate Balance Paid
Well Loan #1 7.00%$250,000 $17,500
Totals $250,000 $17,500
2022 Annual Report Teton Water &Sewer.xls 10 of 28
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME:Teton Water and Sewer Company LLC
SYSTEM ENGINEERING DATA For the Year Ended
1 Provide an updated system map if significant changes have been made to the system during the yt
2 Water Supply:Type of
Treatment:
Rated (None,Chlorine Annual
Capacity Fluoride Production
Pump Designation or location (gpm)Filter etc.)(000's Gal.)
Number 1 330 Chl 53,263
Number 2 120 Chl 12,530
TOTALS 65,793
3 System Storage:
Type of
Total Usable Reservoir
Capacity Capacity (Elevated
000's 000's Pressurized
Storage Designation or Location Gal.Gal.Boosted)
Water Tank 500 440 Elevated
(Duplicate form and attach if necessary.Asterisk facilities added this year.)
2022 Annual Report Teton Water &Sewer.xis 11of 28
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME:Teton Water and Sewer Company LLC
SYSTEM ENGINEERING DATA Continued For the Year Ended
4 Pump information for ALL system pumps,including wells and boosters.
Rated Rated Discharge
Horse power Capacity Pressure
Designation or Locátion &Type of Pump**(hp)(gpm)(psi)
Well #1 -Goulds 7 CLC 40 330 98
Well #2 -Franklin 150 STS 15 120 62
**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?
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!New Wel
11 In what year do you anticipate that the system capacity (supply,storage or distribution)
will have to be expanded?
2022 Annual Report Teton Water &Sewer.xis 12 of 28
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIESCOMMISSION
NAME:Teton Water and Sewer Company LLC
SYSTEM ENGINEERING DATA Continued For the Year Ended
FEET OF MAINS
In Use Installed Abandoned
1 Pipe Beginning During During
Size Of Year Year Year
4"150
6"400
8"50000
15"5600
16"1700
CUSTOMER STATISTICS
Number of Customers Thousands of Gallt
This Last This
Year Year Year
2 Metered:
2A Residential
2B Commercial
2C Industrial
3 Flat Rate:
3A Residential 307 302
3B Commercial 4 4
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)311 306 0
2022 Annual Report Teton Water &Sewer.xls 13 of 28
ANNUAL REPORT FOR WATER UTILITIESTO THE IDAHO PUBLIC UTILITIES COMMISSION
CERTIFICATE
State of Idaho )
)ss
County of )
WE,the undersigned
and
of the
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.
(Chief Officer)
(Officer in Charge of Accounts)
Subscribed and Sworn to Before Me
this day of ,
NOTARYPUBLIC
My Commission Expires
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2022
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2022
475&476
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2022 Annual Report Teton Water &Sewer.xls 18 of 28
2022
$(173,339)
$-
$(173,339)
$17,500
g41pO.,ggeTeton Water &Sewer.xis 19 of 28
2022
Balance
End of
Year
$-
$-
$300,000
$1,000
$301,000
2022 Annual Report Teton Water &Sewer.xls 20 of 28
2022
Increase
or
(Decrease)
2022 Annual Report Teton Water &Sewer.xls 21of 28
2022
Increase
or
(Decrease)
$13,366
$-
$(655)
$-
$-
$-
$-
$-
$-
$12,711
$-
$-
$-
$128,872
$141,583
2022 Annual Report Teton Water &Sewer.xls 22 of 28
2022
Increase
or
(Decrease)
$-
$-
$3,512
$3,512
$3,512
2022 Annual Report Teton Water &Sewer.xis 23 of 28
2022
Dividends
Paid
Interest
Accrued
2022 Annual Report Teton Water &Sewer.xls 24 of 28
2022
ear.
Water
Supply
Source
(Well,Spring,
Surface Wtr)
Well
Well
Construction
(Wood,
Steel
Concrete)
Steel
2022 Annual Report Teton Water &Sewer.xls 25 of 28
2022
Energy used
this Year
(Kwh)
65793
10095
429,050
NA
Yes
NA
42
42
Yes
!-$100k
2023
2022 Annual Report Teton Water &Sewer.xls 26 of 28
2022
In Use
End of
Year
150
400
50000
5600
1700
3ns Sold
Last
Year
0
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2022 Annual Report Teton Water &Sewer.xis 28 of 28