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HomeMy WebLinkAbout2010Annual Report.pdfANNUAL REPORT OF SMALL TELEPHONE COMPANIES TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDING DECEMBER 31, 2009 COMPANY INFORMATION Exact name of utility: Albion Telephone Company, Inc. Address of principal office: 225 West North Street. P.O. Box 98 Albion, ID 83311 Telephone Number (Area Code_208 673-5335 Cities or towns served: Albion, Almo, Elba, Holbrook, Malta, Raft River, Malad, Mackay, Moore, Arco, Howe; Idaho: Yost; Utah Name and title of officer having custody of the general corporate books of account: ODeen K. Redman, President Address of office where corporate books are kept and phone number: 225 West North Street. P.O. Box 98 Albion, ID 83311 Organized under the laws of the State of: Idaho Date of organization: 1929 - Incorporated September 11, 1953 Form of organization (proprietorship, association, corporation): Corporation If a Subchapter S Corporation, please specify: We are a Subchapter S Corporation Name and address of controlling company, if any: Names of affiliated companies. Give address and description of business: OFFICERS Report below the title, name and office address of each general officer of the utility at the end of the year. If there were any changes during the year, show the name, title, and address of the previous officer and the date of change. Title Name Address President Vice-President Secretary Treasurer ODeen K. Redman Richard L. Redman Darla Redman Barry Redman P.O. Box 22 P.O. Box 14 P.O. Box 22 266 S. 950 E. Albion, ID 83311 Albion, ID 83311 Albion, ID 83311 Declo, ID 83323 Rev 3/02 Page 1 DIRECTORS List the name of each person who was a member of the Board of Directors at any given time during the year: (Fees related to meetings only.) Name and Address ODeen K. Redman Richard L. Redman Darla Redman Barry Redman Term Expired or Current Term Wil Expire Meetings Attended This year Fees Paid During Year NA NA NA NA 3600 3600 3600 3600 12 12 12 12 Name of Chairman of the Board: Name of Secretary (or Clerk) of Board: Number of Meetings of the Board during the year: MANAGERS List the name of each person who performed management duties for the Company during the year, and the total wages and bonuses paid to those persons: (Do not include Director fees in these amounts.) Name ODeen K. Redman Richard L. Redman Rev 3/02 Title President Vice-President/General Manager Wages and Bonuses Paid Confidential Confidential Page 2 NOTES TO THE FINANCIAL STATEMENTS Please provide important information such as changes in accounting or depreciation practices, extensions or additions to the system; disposal of any substantial portion of the property of the utility; reorganization, mergers, or consolidations with other companies; leases executed; other contracts or agreements entered into; changes made in articles of incorporation or amendments; the occurrence of contingency losses or gains. .. Rev 3/02 Page 3 BALANCE SHEET Assets and Other Debits tSalance tSalance Increase tSeginning at t:na orI ite or Account or Year or Year (uecrease) Current Assets 1120 Cash and Equivalents 1371415 1823462 452047 1130 Cash 1140 Special Cash Deposits 1150 Working Cash Advances 1160 Temporary Investments 1180 Telecommunications Accts. Receivable 517189 509276 -7913 1181 Accts. Rec. Allow. -Telecommunications -24447 -25547 -1100 1190 Other Accounts Receivable 882640 688512 -194128 1191 Accounts Receivable Allow. - Other 1200 Notes Receivable 35000 1201 Notes Receivable Allowance 1210 Interest & Dividends Receivable 1220 Material and Supplies 246548 465596 219048 1280 Prepayments 78177 190986 112809 1290 Prepaid Rents 1300 Prepaid Taxes 1310 Prepaid Insurance 1320 Prepaid Directory Expenses 1330 Other Prepayments 1350 Other Current Assets Noncurrent Assets 1401 Investment in Affiliated Companies 0 1402 Investment in Nonaffiliated Companies 2639757 2951780 312023 1406 Nonregulated Investments 1118600 899926 -218674 1407 Unamortized Debt Issuance Expense 1408 Sinking Funds 1410 Other Noncurrent Assets 1438 Deferred Maintenance & Retirements 1439 Deferred Charges 599751 704342 104591 1500 Other Jurisdiction Assets - Net Property, Plant and Equipment 2001 Telecommunications Plants in Service 35167769 37350169 2182400 2002 Prop. Held for Future Telecom. Use 2003 Telecom. Plant under Constr. - Short Term 87088 343454 256366 2004 Telecom. Plant under Constr. - Long Term 2005 Telecom. Plant Adjustment 2006 Nonoperating Plant 2007 Goodwill 4324455 4324455 0 Depreciation and Amortization Accounts 3100 Accumulated Depreciated -24849379 -27105305 -2255926 3200 Accum. Depre. - Held for Future Use 3300 Accumulated Depreciation - Nonoperating 3400 Accumulated Amortization - Tangible 3410 Accum. Amort. - Capitalized Leases 3420 Accum. Amort. - Leasehold Improvements 3500 Accumulated Amortization - Intangible -4324455 -4324455 0 3600 Accumulated Amortization - Other TOTAL ASSETS 19297086 18831651 -465435 Rev 3/02 Page 4 BALANCE SHEET Liabilities & Stockholders' Equity Balance Balance Increase Beginning at End or Title of Account of Year of Year (Decrease) Current Liabilities 4010 Accounts Payable 424172 423352 -820 4020 Notes Payable 4030 Advance Billings and Payments 248100 240800 -7300 4040 Customer Deposits 9434 6216 -3218 4050 Current Maturities - Long -Term Debt 1185795 1259727 73932 4060 Current Maturities - Capital leases 348328 4070 Income Taxes - Accrued 0 4080 Other Taxes - Accrued 58261 43757 -14504 4100 Net Current Defer. Oper. Income Taxes 4110 Net Current Defer. Nonoper. Income Taxes 4120 Other Accrued Liabilities 4130 Other Current Liabilities 555373 315895 -239478 Long-Term Debt 4210 Funded Debt 6796174 5531753 -1264421 4220 Premium on Long-Term Debt 4230 Discount on Long-Term Debt 4240 Reacquired Debt 4250 Obligations Under Capital Leases 306525 4260 Advances from Affiliated Companies 4270 Other Long-Term Debt 101406 452193 350787 Other Liabilities & Deferred Credits 4310 Other Long-Term Liabilities 4320 Unamort. Oper. Invest. Tax Credits - Net 4330 Unamort. Nonoper. Invest. Tax Credits - Net 4340 Net Noncurrent Defer. Oper. Income Taxes 4350 Net Noncur. Defer. Nonoper. Income Taxes 4360 Other Deferred Credits 132330 132330 0 4370 Other Juris. Liab. & Def. Credits - Net Stockholders' Equity 4510 Capital Stock 40200 40200 0 4520 Additional Paid-In Capital 4530 Treasury Stock 4540 Other Capital 4550 Retained Earnings 8283863 9730575 1446712 TOTAL L1AB. & OTHER CREDITS 19297086 18831651 -465435 Rev 3/02 Page 5 AN A L Y S I S O F T E L E C O M M U N I C A T I O N S P L A N T I N S E R V I C E TO T A L C o m p a n y B a s i s Ba l a n c e Pl a n t Tr a n s f e r s Ba l a n c e Be g i n n i n g Ad d i t i o n s Re t i r e d an d En d of Y e a r Du r i n g y e a r or So l d Ad j u s t m e n t s of Ye a r An a l y s i s o f T e l e c o m m u n i c a t i o n s P l a n t i n S e r v i c e 21 1 1 La n d 10 6 5 4 7 10 6 5 4 7 21 1 2 Mo t o r V e h i c l e s 12 3 0 3 0 28 2 2 2 50 1 7 6 10 1 0 7 6 21 1 3 Ai r c r a f t 24 2 1 2 1 24 2 1 2 1 21 1 4 Sp e c i a l P u r p o s e V e h i c l e s 21 1 5 Ga r a g e W o r k E q u i p m e n t 21 1 6 Ot h e r W o r k E q u i p m e n t 37 8 9 4 5 10 5 4 2 5 20 0 5 7 46 4 3 1 3 21 2 1 Bu i l d i n g s 14 8 9 1 4 8 21 3 6 3 15 1 0 5 1 1 21 2 2 Fu r n i t u r e 18 0 8 0 3 21 9 1 18 2 9 9 4 21 2 3 Of f i c e E q u i p m e n t 91 8 6 91 8 6 21 2 4 Ge n e r a l P u r p o s e C o m p u t e 25 9 4 1 0 85 8 3 8 34 5 2 4 8 22 1 1 An a l o g E l e c t r o n i c S w i t c h i n 0 0 22 1 2 Di g i t a l E l e c t r o n i c S w i t c h i n ~ 40 5 7 8 5 8 84 6 6 8 3 15 5 9 3 48 8 8 9 4 8 - 22 1 5 El e c t r o - M e c h a n i c a l S w i t c h i n g 22 2 0 Op e r a t o r S y s t e m s 22 3 1 Ra d i o S y s t e m s 24 9 3 5 0 24 9 3 5 0 22 3 2 Ci r c u i t E q u i p m e n t 82 8 9 4 8 0 23 9 5 5 3 77 0 6 85 3 6 7 3 9 23 1 1 St a t i o n A p p a r a t u s 23 2 1 Cu s t o m e r P r e m i s e s W i r i n g . 23 4 1 La r g e P r i v a t e B r a n c h E x c h a n g e s 23 5 1 Pu b l i c T e l e p h o n e T e r m i n a l 14 6 1 8 14 6 1 8 23 6 2 Ot h e r T e r m i n a l E q u i p m e n t 32 4 3 9 32 4 3 9 24 1 1 Po l e s 10 0 6 7 7 10 8 1 10 1 7 5 8 24 2 1 Ae r i a l C a b l e 33 3 4 3 2 58 9 9 0 39 2 4 2 2 24 2 2 Un d e r g r o u n d C a b l e 74 5 2 2 2 50 9 74 5 7 3 1 24 2 3 Bu r i e d C a b l e 18 4 9 3 0 1 6 86 6 3 4 8 43 1 7 . 8 3 19 3 6 3 6 8 1 . 8 3 24 2 4 Su b m a r i n e C a b l e 24 2 6 In t r a b u i l d i n g N e t w o r k C a b l 19 3 2 7 19 3 2 7 24 3 1 Ae r i a l W i r e 43 1 6 0 43 1 6 0 24 4 1 Co n d u i t S y s t e m s 26 8 1 Ca p i t a l L e a s e s 26 8 2 Le a s e h o l d I m p r o v e m e n t s 26 9 0 In t a n g i b l e s TO T A L P L A N T A C C O U N l 35 1 6 7 7 6 9 22 5 6 2 0 3 85 8 2 6 12 0 2 3 . 8 3 37 3 5 0 1 6 9 . 8 3 Re v 3 / 0 2 Pa g e 6 AN A L Y S I S O F T E L E C O M M U N I C A T I O N S P L A N T A C C O U N T S ID A H O O p e r a t i o n s O n l y Ba l a n c e Pl a n t Tr a n s f e r s Ba l a n c e Be g i n n i n g Ad d i t i o n s Re t i r e d an d En d of Ye a r Du r i n g Y e a r or So l d Ad j u s t m e n t s of Ye a r An a l y s i s o f T e l e c o m m u n i c a t i o n s P l a n t i n S e r v i c e 21 1 1 La n d 10 6 5 4 7 0 0 0 10 6 5 4 7 21 1 2 Mo t o r V e h i c l e s 12 3 0 3 0 28 2 2 2 50 1 7 6 0 10 1 0 7 6 21 1 3 Ai r c r a f t 24 2 1 2 1 0 0 0 24 2 1 2 1 21 1 4 Sp e c i a l P u r p o s e V e h i c l e s 0 0 0 21 1 5 Ga r a g e W o r k E q u i p m e n t 0 0 0 21 1 6 Ot h e r W o r k E q u i p m e n t 37 8 9 4 5 10 5 4 2 5 20 0 5 7 0 46 4 3 1 3 21 2 1 Bu i l d i n g s 14 8 9 1 4 8 21 3 6 3 0 0 15 1 0 5 1 1 21 2 2 Fu r n i t u r e 18 0 8 0 3 21 9 1 0 0 18 2 9 9 4 21 2 3 Of f i c e E q u i p m e n t 91 8 6 0 0 0 91 8 6 21 2 4 Ge n e r a l P u r p o s e C o m p u t e r s 25 9 4 1 0 85 8 3 8 0 0 34 5 2 4 8 22 1 1 An a l o g E l e c t r o n i c S w i t c h i n g 0 0 0 0 0 22 1 2 Di g i t a l E l e c t r o n i c S w i t c h i n g 40 5 7 8 5 8 84 6 6 8 3 15 5 9 3 0 48 8 8 9 4 8 22 1 5 El e c t r o - M e c h a n i c a l S w i t c h i n g 0 0 0 22 2 0 Op e r a t o r S y s t e m s 0 0 0 22 3 1 Ra d i o S y s t e m s 24 7 0 7 4 0 0 0 24 7 0 7 4 22 3 2 Ci r c u i t E q u i p m e n t 82 8 9 4 8 0 23 9 5 5 3 0 77 0 6 85 3 6 7 3 9 23 1 1 St a t i o n A p p a r a t u s 0 0 0 23 2 1 Cu s t o m e r P r e m i s e s W i r i n g 0 0 0 23 4 1 La r g e P r i v a t e B r a n c h E x c h a n g e s 0 0 0 23 5 1 Pu b l i c T e l e p h o n e T e r m i n a l E q u i p m e n t 14 6 1 8 0 0 0 14 6 1 8 23 6 2 Ot h e r T e r m i n a l E q u i p m e n t 32 4 3 9 0 0 0 32 4 3 9 24 1 1 Po l e s 10 0 6 7 7 10 8 1 0 0 10 1 7 5 8 24 2 1 Ae r i a l C a b l e 33 3 4 3 2 58 9 9 0 0 0 39 2 4 2 2 24 2 2 Un d e r g r o u n d C a b l e 74 5 2 2 2 50 9 0 0 74 5 7 3 1 24 2 3 Bu r i e d C a b l e 18 4 4 4 4 0 8 86 6 3 4 8 0 43 1 7 . 8 3 19 3 1 5 0 7 3 . 8 3 24 2 4 Su b m a r i n e C a b l e 0 0 0 24 2 6 In t r a b u i l d i n g N e t w o r k C a b l e 19 3 2 7 0 0 0 19 3 2 7 24 3 1 Ae r i a l W i r e 43 1 6 0 0 0 0 43 1 6 0 24 4 1 Co n d u i t S y s t e m s 26 8 1 Ca p i t a l L e a s e s 26 8 2 Le a s e h o l d I m p r o v e m e n t s 26 9 0 In t a n g i b l e s -- - - - - - - - - - - - - - TO T A L P L A N T A C C O U N T S 35 1 1 6 8 8 5 22 5 6 2 0 3 85 8 2 6 12 0 2 3 . 8 3 37 2 9 9 2 8 5 . 8 3 50 8 8 4 Re v 3 / 0 2 Pa g e 7 AN A L Y S I S O F E N T R I E S I N A C C U M U L A T E D D E P R E C I A T I O N Ac c o u n t 3 1 0 0 TO T A L C o m p a n y B a s i s Ba l a n c e Cr e d i t s Re t i r e m e n t s Be g i n n i n g De p r e c i a t i o n Du r i n g an d of Y e a r Ra t e * Ye a r Ad j u s t m e n t s An a l y s i s o f E n t r i e s i n A c c u m u l a t e d D e p r e c i a t i o n 21 1 2 Mo t o r V e h i c l e s 14 2 0 6 8 25 . 0 0 % 12 5 2 16 4 3 5 21 1 3 Ai r c r a f t 24 2 1 2 1 10 . 0 0 % 0 0 21 1 4 Sp e c i a l P u r p o s e V e h i c l e s 35 6 1 0 0 12 . 5 0 % 52 0 4 2 13 1 7 0 21 1 5 Ga r a g e W o r k E q u i p m e n t 0 0 21 1 6 Ot h e r W o r k E q u i p m e n t 0 21 2 1 Bu i l d i n g s 66 3 8 1 6 3. 0 0 % 44 8 5 1 0 21 2 2 Fu r n i t u r e 14 4 5 5 6 12 . 5 0 % 22 6 3 2 0 21 2 3 Of f c e E q u i p m e n t 57 3 8 20 . 0 0 % 18 3 7 0 21 2 4 Ge n e r a l P u r p o s e C o m p u t e r s 25 2 6 1 2 20 . 0 0 % 58 8 6 4 0 22 1 1 An a l o g E l e c t r o n i c S w i t c h i n g 0 12 . 5 0 % 0 0 22 1 2 Di g i t a l E l e c t r o n i c S w i t c h i n g 28 3 8 1 6 5 12 . 5 0 % 28 1 4 7 1 13 4 4 7 22 1 5 El e c t r o - M e c h a n i c a l S w i t c h i n g 0 0 22 2 0 Op e r a t o r S y s t e m s 0 0 22 3 1 Ra d i o S y s t e m s 96 2 0 3 20 . 0 0 % 49 4 1 5 0 22 3 2 Ci r c u i t E q u i p m e n t 60 8 7 1 3 3 10 . 0 0 % 66 0 1 6 4 0 23 1 1 St a t i o n A p p a r a t u s 0 0 23 2 1 Cu s t o m e r P r e m i s e s W i r i n g 0 0 23 4 1 La r g e P r i v a t e B r a n c h E x c h a n g e s 0 0 23 5 1 Pu b l i c T e l e p h o n e T e r m i n a l E q u i p m e n t 14 6 1 9 23 . 0 0 % 0 0 23 6 2 Ot h e r T e r m i n a l E q u i p m e n t 32 4 4 0 20 . 0 0 % 0 0 24 1 1 Po l e s 10 1 3 0 6 7. 5 0 % 0 0 24 2 1 Ae r i a l C a b l e 30 2 5 9 6 8. 6 0 % 28 6 7 5 0 24 2 2 Un d e r g r o u n d C a b l e 33 2 2 4 8 6. 5 0 % 48 4 4 0 0 24 2 3 Bu r i e d C a b l e 13 1 7 5 1 7 1 6. 5 0 % 10 4 9 3 3 3 0 24 2 4 Su b m a r i n e C a b l e 0 0 24 2 6 In t r a b u i l d i n g N e t w o r k C a b l e 19 3 2 7 20 . 0 0 % 0 0 24 3 1 Ae r i a l W i r e 43 1 6 0 14 . 6 0 % 0 0 24 4 1 Co n d u i t S y s t e m s 0 0 TO T A L 24 8 4 9 3 7 9 22 9 8 9 7 6 43 0 5 2 *P l e a s e l i s t i n d i v i d u a l d e p r e c i a t i o n r a t e f o r e a c h a c c o u n t . Re v 3 / 0 2 Pa g e 8 Ba l a n c e En d of Y e a r 12 6 8 8 5 24 2 1 2 1 39 4 9 7 2 70 8 6 6 7 16 7 1 8 8 75 7 5 31 1 4 7 6 o 31 0 6 1 8 9 14 5 6 1 8 67 4 7 2 9 7 14 6 1 9 32 4 4 0 10 1 3 0 6 33 1 2 7 1 38 0 6 8 8 14 2 2 4 5 0 4 19 3 2 7 43 1 6 0 27 1 0 5 3 0 3 AN A L Y S I S O F E N T R I E S I N A C C U M U L A T E D D E P R E C I A T I O N Ac c o u n t 3 1 0 0 ID A H O O p e r a t i o n s O n l y Ba l a n c e Cr e d i t s Re t i r e m e n t s Ba l a n c e Be g i n n i n g De p r e c i a t i o n Du r i n g an d En d of Y e a r Ra t e * Ye a r Ad j u s t m e n t s of Y e a r An a l y s i s o f E n t r i e s i n A c c u m u l a t e d D e p r e c i a t i o n 21 1 2 M o t o r V e h i c l e s 14 2 0 6 8 25 . 0 0 % 12 5 2 16 4 3 5 12 6 8 8 5 21 1 3 A i r c r a f t 24 2 1 2 1 10 . 0 0 % 0 0 24 2 1 2 1 21 1 4 S p e c i a l P u r p o s e V e h i c l e s 35 6 1 0 0 12 . 5 0 % 52 0 4 2 13 1 7 0 39 4 9 7 2 21 1 5 G a r a g e W o r k E q u i p m e n t 0 0 21 1 6 O t h e r W o r k E q u i p m e n t 12 . 5 0 % 0 0 21 2 1 B u i l d i n g s 66 3 8 1 6 3. 0 0 % 44 8 5 1 0 70 8 6 6 7 21 2 2 F u r n i t u r e 14 4 5 5 6 12 . 5 0 % 22 6 3 2 0 16 7 1 8 8 21 2 3 O f f i c e E q u i p m e n t 57 3 8 20 . 0 0 % 18 3 7 0 75 7 5 21 2 4 G e n e r a l P u r p o s e C o m p u t e r s 25 2 6 1 2 20 . 0 0 % 58 8 6 4 0 31 1 4 7 6 22 1 1 A n a l o g E l e c t r o n i c S w i t c h i n g 0 12 . 5 0 % 0 0 0 22 1 2 D i g i t a l E l e c t r o n i c S w i t c h i n g 28 3 8 1 6 5 12 . 5 0 % 28 1 4 7 1 13 4 4 7 31 0 6 1 8 9 22 1 5 E l e c t r o - M e c h a n i c a l S w i t c h i n g 0 0 22 2 0 O p e r a t o r S y s t e m s 0 0 22 3 1 R a d i o S y s t e m s 93 9 2 7 20 . 0 0 % 49 4 1 5 0 14 3 3 4 2 22 3 2 C i r c u i t E q u i p m e n t 60 8 7 1 3 3 10 . 0 0 % 66 0 1 6 4 0 67 4 7 2 9 7 23 1 1 S t a t i o n A p p a r a t u s 0 0 23 2 1 C u s t o m e r P r e m i s e s W i r i n g 0 0 23 4 1 L a r g e P r i v a t e B r a n c h E x c h a n g e s 0 0 23 5 1 P u b l i c T e l e p h o n e T e r m i n a l E q u i p m e n t 14 6 1 9 23 . 0 0 % 0 0 14 6 1 9 23 6 2 O t h e r T e r m i n a l E q u i p m e n t 32 4 4 0 20 . 0 0 % 0 0 32 4 4 0 24 1 1 P o l e s 10 1 3 0 6 7. 5 0 % 0 0 10 1 3 0 6 24 2 1 A e r i a l C a b l e 30 2 5 9 6 8. 6 0 % 28 6 7 5 0 33 1 2 7 1 24 2 2 U n d e r g r o u n d C a b l e 33 2 2 4 8 6. 5 0 % 48 4 4 0 0 38 0 6 8 8 24 2 3 B u r i e d C a b l e 13 1 2 6 5 6 3 6. 5 0 % 10 4 9 3 3 3 0 14 1 7 5 8 9 6 24 2 4 S u b m a r i n e C a b l e 0 0 24 2 6 I n t r a b u i l d i n g N e t w o r k C a b l e 19 3 2 7 20 . 0 0 % 0 0 19 3 2 7 24 3 1 A e r i a l W i r e 43 1 6 0 14 . 6 0 % 0 0 43 1 6 0 24 4 1 C o n d u i t S y s t e m s 0 0 TO T A L 24 7 9 8 4 9 5 22 9 8 9 7 6 43 0 5 2 27 0 5 4 4 1 9 *P l e a s e l i s t i n d i v i d u a l d e p r e c i a t i o n r a t e f o r e a c h a c c o u n t . Re v 3 / 0 2 Pa g e 9 INVESTMENTS Report below the investments in Accounts 1401, 1402 and 1406. Identify each investment as to the account in which included. Minor amounts in Account 1406 may be grouped by classes. Description Telsat Co Bank Patronage Redban Investment Syringa Networks Raft River Patronage Lost River Patronage Syringa Electronic Equip, Syringa Fiber Independent Cable Systems ICS Electronics ICS Cable Spec Access Eq Non-Reg Internet Equipment Declo Wireless DSL Elec Declo Wireless DSL Cable Voip Equipment Syringa Wireless Syringa Wireless Tower Syringa Wireless Elec Nextphone Website Redban Goodwill DSL Inventory Syringa Wireless Inventory Voip Inventory Totals Date Acquired Book Cost of Investments Disposed of This year RECEIVABLES Book Cost of Investments Held at End of Year o 388850 -15040 2545936 19806 10237 279390 304293 1991 49532 247183 1794 17733 o o o o o o o o o 4899 o 3856604 Itemize amounts show in Accounts 1180, 1190 and 1200, For notes receivable list each note separately and include the maturity date and interest rate. Minor amounts in Account 1210 may be combined. Name of Company Customers Qwest CABS AT&T NECA Red-Ban Idaho USF Syringa Network Misc, Totals Rev 3/02 Amount at End of YearNotes Accounts Receivable Receivable 483729 85 97191 o 457540 44979 38709 50000 9 1172242 Page 10 NOTES PAYABLE For Notes Payable, list each note separately and include the maturity date and interest rate. Name of Creditor Totals /Date of Note Interest Rate ACCOUNTS PAYABLE Report below all Accounts Payable amounting to more than $100.00 Name of Creditor Federal Excise Tax Misc Qwest pmts to Arapahoe Tel Syringa Wireless ATC Long Distance State USF Surcharge Verisign 911 Payable Conseco Franchise Fee - ICS Totals Rev 3/02 Page 11 Due Date Face Amount Amount 15154 341678 o 31710 12680 510 o 4171 1185 16264 423352 o LO N G . T E R M D E B T Ac c o u n t s 4 2 1 0 , 4 2 4 0 , 4 2 5 0 , 4 2 6 0 , 4 2 7 0 a n d 4 3 1 0 Li s t t h e r e q u i r e d d a t a f o r e a c h o b l i g a t i o n i n c l u d e d i n t h e s e a c c o u n t s , g r o u p i n g t h e m b y a c c o u n t n u m b e r a n d s h o w i n g t o t a l s f o r e a c h a c c o u n t . If a n y o b l i g a t i o n s m a t u r e s e r i a l l y o r o t h e r w i s e a t v a r i o u s d a t e s , g i v e p a r t i c u l a r s i n a n o t e . Da t e Da t e Fa c e Pr e m i u m / D i s c o u n t Cl a s s & S e r i e s of of Am o u n t Ou t s t a n d i n g Ye a r In t e r e s t f o r y e a r of O b l i g a t i o n Is s u e Ma t u r i t y Au t h o r i z e d Ye a r - E n d To t a l Am o r t i z e d Ra t e Am o u n t RU S N o t e s Va r i o u s Va r i o u s 92 1 2 8 8 7 60 9 8 3 9 7 2% t o 5 % 28 1 4 9 9 Co B a n k 10 - 1 9 9 6 12 - 2 0 1 1 10 3 8 0 2 4 0 69 3 0 8 3 Va r i a b l e 55 2 1 9 Ri c h R e d m a n De c - 0 9 1- 2 0 1 3 10 1 4 0 5 83 0 9 6 5. 0 0 % 46 5 5 Od e e n R e d m a n Fe b - 1 0 2- 2 0 1 3 42 0 5 6 8 36 9 0 9 7 5. 0 0 % 19 8 6 0 We l l s F a r g o C a p i t a l L e a s e Fe b - 1 0 2- 2 0 1 3 83 4 7 8 59 3 7 6 16 . 2 0 % 39 3 2 Co B a n k C a p i t a l L e a s e No v - 1 0 11 - 2 0 1 2 64 8 2 6 6 . 9 4 59 5 4 7 8 4. 3 1 % 46 1 6 Re v 3 / 0 2 Pa g e 1 2 CAPITAL STOCK Report below the particulars called for concerning common and preferred stock at end of year, designating separate series of any general class. Show totals separately for common and preferred. For each class of preferred stock, show the dividend rate and whether dividends are cumulative or noncumulatìve, Show details in a footnote of capital stock sold during the year, Include number of shares, consideration received, premium or discount, and expenses incurred. Class & Series of Stock Common Rev 3/02 Number of Shares Authorized 10000 Par Value per Share 4.02 Page 13 Outstanding per Balance Sheet Shares Amount INCOME & RETAINED EARNINGS STATEMENT Item Total Company Idaho Only Total Operating Income (from page 15) Total Operating Expenses (from page 17) 7100 Other Operating Income and Expense 7210 Operating Investment Tax Credits-Net 7220 Operating Federal Income Taxes 7230 Operating State and Local Income Taxes 7240 Operating Other Taxes 7250 Provision for Deferred Operating Income Taxes-Net 7200 Operating Taxes (Total) 7310 Dividend Income 7320 Interest Income 7330 Income from Sinking and Other Funds 7340 Allowance for Funds Used During Construction 7350 Gains/Losses from the Disposition of Certain Property 7360 Other Nonoperating Income 7370 Special Charges 7300 Nonoperating Income and Expense 7410 Nonoperating Investment Tax Credits-Net 7420 Nonoperating Federal Income Taxes 7430 Nonoperating State and Local Income Taxes 7440 Nonoperating Other Taxes 7450 Provision for Deferred Nonoperating Income Taxes-Net 7400 Nonoperating Taxes 7510 Interest on Funded Debt 7520 Interest Expense-Capital Leases 7530 Amortization of Debt Issuance Expense 7540 Other Interest Deductions 7500 Interest and Related Items 7610 Extraordinary Income Credits 7620 Extraordinary Income Charges 7630 Current Income Tax Effect of Extraordinary Items-Net 7640 Provision for Deferred Income Tax Effect of Extraordinary Items-Net 7600 Extraordinary Items 7910 Income Effect of Jurisdictional Ratemaking Differences-Net 7990 Nonregulated Net Income AMOUNT TRANSFERRED TO RETAINED EARNINGS Rev 3/02 10085070 8956627 o o 20 131199 o 131219 14878 12696 7833 72977 108384 361232 8547 140 369919 121494 857183 Page 14 10049888 8913713 o o 20 131199 o 131219 14878 12696 7833 72977 108384 361232 8547 140 369919 121494 864915 OPERATING REVENUES Item Total Company Idaho Only Local Network Services Revenues 5001 Basic Area Revenue 5002 Optional Extended Area Revenue 5003 Cellular Mobile Revenue 5004 Other Mobile Services Revenue 5010 Public Telephone Revenue 5040 Local Private Line Revenue 5050 Customer Premises Revenue 5060 Other Local Exchange Revenue 5069 Other Local Exchange Settlements Network Access Services Revenues 5081 End User Revenue (SLC) 5082 Switched Access Revenue (Interstate) 5083 Special Access Revenue 5084 State Access Revenue (Intrastate) Long Distance Network Services Revenues 5100 Long Distance Message Revenue - All Miscellaneous Revenues 5230 Directory Revenue 5240 Rent Revenue 5250 Corporate Operations Revenue 5261 Special Billing Arrangements Revenue 5262 Customer Operations Revenue 5263 Plant Operations Revenue 5264 Other Incidental Regulated Revenue 5269 Other Revenue Settlements 5270 Carrier Billing & Collection Revenue Uncollectible Revenues 5301 Uncollectible Revenue - Telecommunications 5302 Uncollectible Revenue - Other TOTAL OPERATING REVENUES Please identify the following revenues: NECA USF $_2246921 State USF $464502 Rev 3/02 1426048 1416324 240256 240256 439475 6374468 774833 739592 437191 6358616 774833 732270 18585 18585 5963 5963 o o 76044 76044 -10194 -10194 10085070 10049888 . To what account were they booked? 5082.12 . To what account were they booked? 5084.50 Page 15 OPERATING REVENUES Item Total Company Idaho Only Plant Specific Operations Expense 6110 Network Support Expenses 6112 Motor Vehicle Expense 6113 Aircraft Expense 6114 Special Purpose Vehicles Expense 6115 Garage Work Equipment Expense 6116 Other Work Equipment Expense 6120 General Support Expenses 6121 Land and Building Expenses 6122 Furniture and Artworks Expense 6123 Office Equipment Expense 6124 General Purpose Computers Expense 6210 Central Office Switching Expenses 6211 Analog Electronic Expense 6212 Digital Electronic Expense 6215 Electro-Mechanical Expense 6220 Operators System Expense 6230 Central Offce Transmission Expenses 6231 Radio Systems Expense 6232 Circuit Equipment Expense 6310 Information Origination/Termination Expense 6311 Station Apparatus Expense 6341 Large Private Branch Exchange Expense 6351 Public Telephone Terminal Equipment Expense 6362 Other Terminal Equipment Expense 6410 Cable and Wire Facilities Expenses 6411 Pole Expense 6421 Aerial Cable Expense 6422 Underground Cable Expense 6423 Buried Cable Expense 6424 Submarine Cable Expense 6425 Deep Sea Cable Expense 6426 Intrabuilding Network Cable Expense 6431 Aerial Wire Expense 6441 Conduit Systems Expense TOTAL PLANT SPECIFIC OPERATIONS EXPENSE Rev 3/02 100985 16561 100358 16458 0 0 0 0 234515 233059 679 675 54236 53899 90689 90126 636152 632203 0 0 443686 440932 980 974 183585 182445 0 0 0 0 0 0.00 0 0 -2103 -2090 0 26776 26610 0 0 1957549 1945396 3744290 3721045 Page 16 Item OPERATING REVENUES Plant Nonspecific Operations Expense 6510 Other Property/Plant/Equipment Expenses 6511 Property Held for Future Telecomm. Use Expenses 6512 Provisioning Expense 6530 Network Operations Expense 6531 Power Expense 6532 Network Administration Expense 6533 Testing Expense 6534 Plant Operations Administration Expense 6535 Engineering Expense 6540 Access Expense 6560 Depreciation and Amortization Expenses 6561 Depreciation Expense-Telecom. Plant in Service 6562 Depreciation Expense-Property Held for Future Use 6563 Amortization Expense - Tangible 6564 Amortization Expense - Intangible 6565 Amortization Expense - Other Total Plant Nonspecific Operations Expenses Customer Operations Expense 6610 Marketing 6611 Product Management 6612 Sales 6613 Product Advertising 6620 Services 6621 Call Completion Services 6622 Number Services 6623 Customer Services Total Customer Operations Expense Corporate Operations Expense 6710 Executive and Planning 6711 Executive 6712 Planning 6720 General and Administrative 6721 Accounting and Finance 6722 External Relations 6723 Human Resources 6724 Information Management 6725 Legal 6726 Procurement 6727 Research and Development 6728 Other General and Administrative 6790 Provision for Uncollectible Notes Receivable Total Corporate Operations Expense TOTAL OPERATING EXPENSES Rev 3/02 Total Company 3744290 Idaho Only 3721045 229 242 80631 165303 229 240 80130 164277 141061 125515 o 2298978 140185 124736 o 2297688 2811959 2807486 0 0 0 0 0 94584 93997 5356 1774 560120 660060 560120 655890 812185 807040 649914 645797 140354 139465 98007 97386 16387 16283 0 0 23471 23322 o o 1740318 1729293 8956627 8913713 Page 17 CE N T R A L O F F I C E D A T A as o f D e c e m b e r 3 1 , 2 0 1 0 ( u n l e s s o t h e r w i s e i n d i c a t e d ) Na m e o f C e n t r a l O f f c e : A l b i o n T e l e p h o n e C o m p a n y , I n c . Pr e f i x ( e s ) : 3 4 9 , 6 3 8 , 6 4 5 , 6 7 3 , 6 9 8 , 8 2 4 , 8 2 7 , 5 2 7 , 5 5 4 , 5 8 8 , 7 6 6 , 7 6 7 Ce n t r a l O f f i c e S w i t c h Ty p e : T e k e l e c T 7 Ch e c k a l l t h a t a p p l y : St a n d A l o n e Ho s t _ X Re m o t e Ch e c k o n e : Di g i t a L X _ An a l o g _ Ch e c k o n e : El e c t r o n i c El e c t r o - M e c h a n i c a l Ot h e r : S o f t S w i t c h X - - Ac c e s s L i n e C a p a c i t y De s i g n : _ 1 0 0 0 0 Ac c e s s L i n e s i n U s e Cu s t o m e r L i n e s : 3 9 2 5 (I n c l u d e C e n t r e x , P A L , S e m i - P u b . ) In s t a l l e d / E q u i p p e d : _ 1 0 0 0 0 Pu b l i c T e l e p h o n e L i n e s _ 1 2 _ Co m p a n y O f f i c i a l L i n e s ~ 1 0 3 _ Co m p a n y T e s t L i n e s _ 5 8 _ Cl a s s i f i c a t i o n o f C u s t o m e r A c c e s s Re s i d e n c e Bu s i n e s s Mu l t i - Si n g l e L i n e Mu l t i - Si n g l e L i n e To t a l Li n e Mu l t i - Su b t o t a l Ce n t r e x Li n e Mu l t i - Su b t o t a l Re s i d e n c e 1- P a r t y 1- P a r t y Pa r t y Re s i d e n c e NA R . 1- P a r t y 1- P a r t y Pa r t y Bu s i n e s s & B u s i n e s s Be g i n n i n g o f Y e a r 30 0 8 30 0 8 10 0 4 10 0 4 40 1 2 Ne w C o n n e c t s 14 1 14 1 24 24 16 5 Di s c o n n e c t s 19 1 19 1 61 61 25 2 En d o f Ye a r 29 5 8 29 5 8 96 7 96 7 39 2 5 Fo r e i g n E x c h a n g e : Di a l T o n e f r o m t h i s C . O . : _ Di a l T o n e f r o m a n o t h e r C . O . : Di r e c t o r y L i s t i n g s : Nu m b e r o f C u s t o m e r s w i t h N o n p u b l i s h e d o r N o n l i s t e d : _ 4 5 1 _ Cu s t o m C a l l n g : Nu m b e r o f c u s t o m e r s w i t h a t l e a s t o n e f e a t u r e : _ 2 4 8 7 To t a l n u m b e r o f f e a t u r e s s u b s c r i b e d t o : _ 1 9 _ Re v 3 / 0 2 Pa g e 1 8 Lo c a l E x c h a n g e 1 AL L 2 3 4 5 6 7 8 9-10 11 12 13 14 15 16 17 18 Re v 3 / 0 2 NU M B E R O F C A L L S C O M P L E T E D B Y C U S T O M E R S D U R I N G 2 0 1 0 . Av e r a g e # of C u s t o m e r Li n e s i n U s e 39 6 9 Lo c a l C a l l s Nu m b e r A v g . / (1 O O O s ) L i n e Pa g e 1 9 To l l C a l l s O r i g i n a t e d ( T o t a l o f a l l C a r r i e r s ) Av g . / In t r a s t a t e I n t e r s t a t e T o t a l L i n e 13 5 2 6 0 21 5 3 2 1 35 0 5 8 1 88 ANNUAL REPORT FOR SMALL TELEPHONE COMPANIES YEAR ENDED DECEMBER 31, 2010. CUSTOMER RELATIONS RULES COMPLIANCE Rule IDAPA 31.21,01.603 Rule IDAPA 31.41,01.105 Please provide copies of: Summary of Customer Relations Rules for Telephone Corporations Idaho Telephone Solicitation Act Notification Method of Notification: Mailed separately to customers Yes_X_No_ Included in directory Yes_X_No_ Date of notification _2-1-10 Alternate method of notification Rule IDAPA 31.41,01.403.02 Record of Complaints: Number received by Company o Category of complaints (if known): Deposit Disputes Charges on Bill Denial/Termination Quality or Availability of Service Carrier Selection/Assignment Miscellaneous Rev 3/02 Page 20 CERTIFICATE State of Idaho County of Cassia ) ) ss ) I, the undersigned Richard Redman, of Albion Telephone Company, Inc, located at 225 W. North Street, Albion, ID 83311, on our oath do severally say that the foregoing return 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 affairs of said utility for the period covered by the return in respect to each and every matter and thing therein set forth, to the best of our knowledge, information and belief. ~"'''~æ..-p /./., .,/~/~r; (Chief Officer)~ (Officer in Charge of Accounts) Subscribe and Sworn to Before Me this M day of +t , (Year) 020/1 . My Commission expires i,;/iiJ , (Year) ;in'S ' ~J.tWo£f 9( PuliStt 'i lda c Rev 3/02 gdk/excel/jnelson/anulrpts/telannualrpt Page 21