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HomeMy WebLinkAbout2000Annual Report.pdfRECElVED FILED ANNUAL RER OF Cyþúdge Teleohone Company,Inc. NAME P,O.,Box 88 r Cambridge r ID 83610 ADDRESS TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDED December 31r 2000 TM Kiesling Associates LLP CERTIFIED PUBLIC ACCOUNTANTS ACCOUNTANT'S COMPILATION REPORT The Board of Directors Cambridge TelephoneCompany,Inc. Cambridge,Idaho 83610 We have compiled the accompanyingbalance sheets of CambridgeTelephoneCompany,Inc.as ofDecember 31,2000,and the related income and retained earnings statement for the year ended December 31,2000, included in the accompanyingprescribedform,in accordance with Statements on Standards for Accounting and Review Servicesissued by the American Institute of Certified Public Accountants.We havealso compiled the supplementaryinformation,except for pages 1,2,18,19,and 20. Our compilation was limited to presentingin the form prescribedby the Idaho Public Utilities Commission information that is the representationof management.We have not audited or reviewedthe financial statements referred to above and,accordingly,do not express an opinion or any other form of assurance on them. These financial statements and the supplementary information are presented in accordance with the requirements of the Idaho Public Utilities Commission,which differ from generally accepted accounting principles.Accordingly,the financial statements and supplementaryinformation are not designedfor those who are not informed about such differences. The information contained on pages 1,2,18,19,and 20 has not been audited,reviewed,or compiled by us, and,accordingly,we assume no responsibility for that information. Colorado Springs,CO April 30,2001 Member American Institute of Certified Public Accountants,SEC Practice Section ANNUAL REPORT OF SMALL TELEPHONE COMPANIES TO THE IDAHO PUBLIC UTILITIES COMMISSION \ FOR THE YCEARENNDYINGODEMBER31,2000 Exact name of utility:Cambridge Telephone Company,Inc. Address of principal office:P.O.Box 88,Cambridge,ID 83610 Telephone Number (Area Code 208 )257-3314 Cities or towns served:Cambridge,Council,Indian Valley,Cuprum,&Lowman Name and title of officer having custody of the general corporate books of account: Richard Wiggins,General Manager/President Address of office where corporate books are kept and phone number: 130 Superior Street,Cambridge,ID 83610 (208)257-3314 Organized under the laws of the State of:Idaho Date of organization:1966 Form of organization (proprietorship,association,corporation):Corporation If a Subchapter S Corporation,please specify:N/A Name and address of controlling company,if any N/A Names of affiliated companies.Give address and description of business:CTC Construction,Inc.P.O.Box 88, Cambridge,ID 83610-Construction Services,CTC Telcom,Inc.P.O.Box 69,Cambridge,ID 83610- Telecommunications 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 Kermit Wiggins P.O.Box 86,Cambridge,ID 83610 Vice-President Richard Wiggins P.O.Box 88,Cambridge,lD 83610 Secretary/Treasurer Joana Wiggins P.O.Box 86,Cambridge,ID 83610 Last update 8/99 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.) Term Expired or Current Term Meetings Attended Fees Paid Name Will Expire This year During Year and Address Kermit Wiggins Indefinite 1 None P.O.Box 86 Cambridge,ID 83610 Richard Wiggins Indefinite 1 None P.O.Box 86 Cambridge,ID 83610 Joana Wiggins Indefinite 1 None P.O.Box 86 Cambridge,ID 83610 Name of Chairman of the Board:Kermit Wiggins Name of Secretary (or Clerk)of Board:Joana Wiggins Number of Meetings of the Board during the year:1 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 Title Wages and Bonuses Paid Kermit Wiggins President 38,686 Richard Wiggins Vice-President 143,037 Joana Wiggins Secretary/Treasurer 39,006 Note:Wages are charged to regulated and nonregulated activities Last update 8/99 Page 2 NOTES TO THE FINANCIALSTATEMENTS Please provideimportant 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. 1.In 1994,the Company entered into an agreement with U.S.West Communications,Inc.for the purchase of certain exchange property in Idaho.In 1996,the rights and obligations under the agreement were assumed by a new wholly-owned subsidiary of the Company,Council Telephone Company,Inc.The transaction was consummated effectiveOctober 17,1996.Effective January 1,2000,Council Telephone Company,Inc.was merged into Cambridge Telephone Company,Inc.The beginning year balances include the combined amounts of Cambridge Telephone Company,Inc.and Council Telephone Company. 2.In connection with the purchase of the above property,Council Telephone Company,Inc.secured a loan from COBank,ACB in the amount of $4,776,000. In November1997,Council TelephoneCompany secured a supplemental loan from CoBank in the amount of $300,000.The funds were drawn down in 1998, Those loans have been assumed by Cambridge Telephone Company. 3.In 1998,CTC Telecom,Inc.(CTC),a wholly-owned subsidiary of Cambridge Telephone Company,Inc., was incorporated,with an initial investment of $100,000.CTC operates as a Competitive Local Exchange Carrier in the state of Idaho.An additional capital investment of $360,000 was made in 2000. 4.In April,1999,CTC secured a loan from CoBank,ACB in the amount of $1,700,000,of which,$750,759.50 was advanced in 1999.The loan is secured by a Leasehold Deed of Trust and Security Agreement covering all real and personal property.In addition,the loan is secured by Personal Guarantee of Payment agreements by certain shareholders of Cambridge TelephoneCompany,and Pledge Agreements for stock of Cambridge Telephoneowned by certain shareholders. 5.In 2000,the indebtedness of Larry Walker was settled for $110,000,in the form of a note resulting from sale of property which was assigned to the Company. Last Update 8/99 Page 3 BALANCE SHEETAssetsandOtherDebits Balance Balance increaseBeginningatEndorTitleofAccountofYearofYear(Decrease)Current Assets 1120 Cash and Equivalents 1130 Cash 301,848 4,585 (297,263)1140 Special Cash Deposits 53,972 (53,972)1150 Working Cash Advances 1160 Temporary Investments 1180 Telecommunications Accts.Receivable 202,879 229,527 26,648 1181 Accts.Rec.Allow.-Telecommunications 1190 Other Accounts Receivable 1,400,619 1,536,841 136,2221191AccountsReceivableAllow.-Other 1200 Notes Receivable 211,388 174,663 (36,725)1201 Notes Receivable Allowance (143,926)143,9261210Interest&Dividends Receivable 3,936 7,562 3,6261220MaterialandSupplies64,950 169,887 104,9371280Prepayments 1290 Prepaid Rents 1300 Prepaid Taxes 7,135 114,167 107,0321310PrepaidInsurance4,325 3,994 (331)1320 Prepaid Directory Expenses 1330 Other Prepayments 1350 Other Current Assets Noncurrent Assets 1401 Investment in Affiliated Companies 64,876 274,979 210,1031402InvestmentinNonaffiliatedCompanies726,900 633,551 (93,349)1406 Nonregulated Investments 1407 Unamortized Debt Issuance Expense 2,272 2,120 (152) 1408 Sinking Funds 1410 Other Noncurrent Assets 251,516 203,153 (48,363)1438 Deferred Maintenance &Retirements 1439 Deferred Charges 1,470 1,470 1500 Other Jurisdiction Assets -Net Property,Plant and Equipment 2001 Telecommunications Plants in Service 12,118,821 12,602,922 484,1012002Prop.Held for Future Telecom.Use 2003 Telecom.Plant under Constr.-Short Term 86,198 110,205 24,0072004Telecom.Plant under Constr.-Long Term2005Telecom.Plant Adjustment 2006 Nonoperating Plant 2007 Goodwill 2,602,511 2,602,511DepreciationandAmortizationAccounts 3100 Accumulated Depreciated (7,418,172)(8,012,370)(594,198)3200 Accum.Depre.-Held for Future Use3300AccumulatedDepreciation-Nonoperating 3400 Accumulated Amortization -Tangible 3410 Accum.Amort.-Capitalized Leases3420Accum.Amort.-Leasehold Improvements 3500 Accumulated Amortization -Intangible3600AccumulatedAmortization-Other (563,862)(737,358)(173,496) TOTAL ASSETS 9,979,656 9,922,409 (57,247) Last Update 8/99 Page 4 BALANCE SHEET Liabilities &Stockholders'Equity Balance Balance Increase Beginning at End orTitleofAccountofYearofYear(Decrease) Current Liabilities 4010 Accounts Payable 360,608 672,314 311,7064020NotesPayable 4030 Advance Billings and Payments 65,093 72,254 7,1614040CustomerDeposits3,160 6,026 2,8664050CurrentMaturities-Long -Term Debt 484,300 487,700 3,4004060CurrentMaturities-Capital leases 4070 Income Taxes -Accrued 4080 Other Taxes -Accrued 29,274 31,853 2,579 4100 Net Current Defer.Oper.Income Taxes (36,063)(50,334)(14,271) 4110 Net Current Defer.Nonoper.Income Taxes 4120 Other Accrued Liabilities 108,659 84,268 (24,391)4130 Other Current Liabilities Long-Term Debt 4210 FundedDebt 6,050,658 5,563,442 (487,216)4220 Premium on Long-TermDebt 4230 Discount on Long-Term Debt 4240 Reacquired Debt 4250 Obligations Under Capital Leases 4260 Advances from Affiliated Companies 4270 Other Long-TermDebt Other Liabilities &Deferred Credits 4310 Other Long-TermLiabilities 4320 Unamort.Oper.Invest.Tax Credits -Net 110,725 128,464 17,739 4330 Unamort.Nonoper.Invest.Tax Credits -Net 4340 Net NoncurrentDefer.Oper.Income Taxes 99,761 61,463 (38,298)4350 Net Noncur.Defer.Nonoper.Income Taxes (55,405)2,424 57,8294360OtherDeferredCredits80,667 92,101 11,434 4370 OtherJuris.Liab.&Def.Credits -Net Stockholders'Equity 4510 Capital Stock 30,000 30,0004520AdditionalPaid-In Capital 4530 Treasury Stock (12,511)(12,511) 4540 Other Capital 4550 Retained Earnings 2,660,730 2,752,945 92,215 TOTAL LIAB.&OTHER CREDITS 9,979,656 9,922,409 (52,247) Last Update 8/99 AN A L Y S I S OF TE L E C O M M U N I C A T I O N S PL A N T IN SE R V I C E TO T A L Co m p a n y Ba 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 Ye a r Du r i n g ye 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 of Te l e c o m m u n i c a t i o n s Pl a n t in Se r v i c e 21 1 1 La n d 61 , 7 1 5 61 , 7 1 5 21 1 2 Mo t o r Ve h i c l e s 27 4 , 4 6 0 74 , 6 7 3 10 8 , 6 4 3 24 0 , 4 9 0 21 1 3 Ai r c r a f t 21 1 4 Sp e c i a l Pu r p o s e Ve h i c l e s 21 1 5 Ga r a g e Wo r k Eq u i p m e n t 21 1 6 Ot h e r Wo r k Eq u i p m e n t 22 8 , 9 8 4 4, 6 4 6 12 , 6 1 6 22 1 , 0 1 4 21 2 1 Bu i l d i n g s 1, 5 4 0 , 2 4 8 1, 5 4 0 , 2 4 8 21 2 2 Fu r n i t u r e 4, 3 9 5 4, 3 9 5 21 2 3 Of f i c e Eq u i p m e n t 39 , 1 9 0 1, 6 9 3 37 , 4 9 7 21 2 4 Ge n e r a l Pu r p o s e Co m p u t e r s 91 , 9 5 9 19 , 2 5 2 8, 3 7 6 10 2 , 8 3 5 22 1 1 An a l o g El e c t r o n i c Sw i t c h i n g 22 1 2 Dig i t a l El e c t r o n i c Sw i t c h i n g 1, 2 4 6 , 1 3 5 77 , 0 4 7 1, 3 2 3 , 1 8 2 22 1 5 El e c t r o - M e c h a n i c a l Sw i t c h i n g 22 2 0 Op e r a t o r Sy s t e m s 22 3 1 Ra d i o Sy s t e m s 1, 9 6 6 , 3 3 3 22 0 , 0 1 6 2, 1 8 6 , 3 4 9 22 3 2 Ci r c u i t Eq u i p m e n t 1, 4 2 6 , 7 0 8 13 , 4 0 7 1, 4 4 0 , 1 1 5 23 1 1 St a t i o n Ap p a r a t u s 23 2 1 Cu s t o m e r Pr e m i s e s Wi r i n g 23 4 1 La r g e Pr i v a t e Br a n c h Ex c h a n g e s 23 5 1 Pu b l i c Te l e p h o n e Te r m i n a l Eq u i p m e n t 11 , 6 8 1 11 , 6 8 1 23 6 2 Ot h e r Te r m i n a l Eq u i p m e n t 2, 0 4 1 2, 0 4 1 24 1 1 Po l e s 21 , 8 8 8 21 , 8 8 8 24 2 1 Ae r i a l Ca b l e 18 , 6 8 1 18 , 6 8 1 24 2 2 Un d e r g r o u n d Ca b l e 39 , 6 9 9 39 , 6 9 9 24 2 3 Bu r i e d Ca b l e 5, 0 1 9 , 4 5 0 20 6 , 3 8 8 5, 2 2 5 , 8 3 8 24 2 4 Su b m a r i n e Ca b l e 24 2 6 In t r a b u i l d i n g Ne t w o r k Ca b l e 11 , 3 9 4 11 , 3 9 4 24 3 1 Ae r i a l Wi r e 24 4 1 Co n d u i t Sy s t e m s 11 3 , 8 6 0 11 3 , 8 6 0 26 8 1 Ca p i t a l Le a s e s 26 8 2 Le a s e h o l d Im 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 12 , 1 1 8 , 8 2 1 61 5 , 4 2 9 13 1 , 3 2 8 12 , 6 0 2 , 9 2 2 La s t Up d a t e 8/ 9 9 Pa g e 6 AN A L Y S I S OF TE L E C O M M U N I C A T I O N S PL A N T AC C O U N T S ID A H O Op e r a t i o n s On 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 Ye 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 of Te l e c o m m u n i c a t i o n s Pl a n t in Se r v i c e 21 1 1 La n d SA M E AS TO T A L CO M P A N Y 21 1 2 Mo t o r Ve h i c l e s 21 1 3 Ai r c r a f t 21 1 4 Sp e c i a l Pu r p o s e Ve h i c l e s 21 1 5 Ga r a g e Wo r k Eq u i p m e n t 21 1 6 Ot h e r Wo r k Eq u i p m e n t 21 2 1 Bu i l d i n g s 21 2 2 Fu r n i t u r e 21 2 3 Of f i c e Eq u i p m e n t 21 2 4 Ge n e r a l Pu r p o s e Co m p u t e r s 22 1 1 An a l o g El e c t r o n i c Sw i t c h i n g 22 1 2 Dig i t a l El e c t r o n i c Sw i t c h i n g 22 1 5 El e c t r o - M e c h a n i c a l Sw i t c h i n g 22 2 0 Op e r a t o r Sy s t e m s 22 3 1 Ra d i o Sy s t e m s 22 3 2 Ci r c u i t Eq u i p m e n t 23 1 1 St a t i o n Ap p a r a t u s 23 2 1 Cu s t o m e r Pr e m i s e s Wi r i n g 23 4 1 La r g e Pr i v a t e Br a n c h Ex c h a n g e s 23 5 1 Pu b l i c Te l e p h o n e Te r m i n a l Eq u i p m e n t 23 6 2 Ot h e r Te r m i n a l Eq u i p m e n t 24 1 1 Po l e s 24 2 1 Ae r i a l Ca b l e 24 2 2 Un d e r g r o u n d Ca b l e 24 2 3 Bu r i e d Ca b l e 24 2 4 Su b m a r i n e Ca b l e 24 2 6 In t r a b u i l d i n g Ne t w o r k Ca b l e 24 3 1 Ae r i a l Wi r e 24 4 1 Co n d u i t Sy s t e m s 26 8 1 Ca p i t a l Le a s e s 26 8 2 Le a s e h o l d Im 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 PL A N T AC C O U N T S La s t Up d a t e 8/ 9 9 Pa g e 7 AN A L Y S I S OF EN T R I E S IN AC C U M U L A T E D DE P R E C I A T I O N Ac c o u n t 31 0 0 TO T A L Co m p a n y Ba 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 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 Ye a r Ra t e * Ye a r Ad j u s t m e n t s of Ye a r An a l y s i s of En t r i e s in Ac c u m u l a t e d De 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 17 2 , 8 7 1 25 . 0 0 % 26 , 2 9 4 (7 6 , 6 7 2 ) 12 2 , 4 9 3 21 1 3 Ai r c r a f t 21 1 4 Sp e c i a l Pu r p o s e Ve h i c l e s 21 1 5 Ga r a g e Wo r k Eq u i p m e n t 21 1 6 Ot h e r Wo r k Eq u i p m e n t 15 9 , 8 4 7 12 . 5 0 % 9, 6 1 4 (1 , 4 1 8 ) 16 8 , 0 4 3 21 2 1 Bu i l d i n g s 58 5 , 5 7 0 3. 0 0 % 44 , 8 3 2 63 0 , 4 0 2 21 2 2 Fu r n i t u r e 4, 3 9 5 12 . 5 0 % 4, 3 9 5 21 2 3 Of f i c e Eq u i p m e n t 36 , 2 8 5 20 . 0 0 % 2, 9 0 5 (1 , 6 9 3 ) 37 , 4 9 7 21 2 4 Ge n e r a l Pu r p o s e Co m p u t e r s 51 , 4 6 9 20 . 0 0 % 17 , 9 7 9 (8 , 3 7 6 ) 61 , 0 7 2 22 1 1 An a l o g El e c t r o n i c Sw i t c h i n g 22 1 2 Di g i t a l El e c t r o n i c Sw i t c h i n g 39 6 , 6 5 6 12 . 0 0 % 14 4 , 5 0 2 54 1 , 1 5 8 22 1 5 El e c t r o - M e c h a n i c a l Sw i t c h i n g 22 2 0 Op e r a t o r Sy s t e m s 22 3 1 Ra d i o Sy s t e m s 1, 9 6 5 , 6 9 3 20 . 0 0 % 4, 6 9 3 1, 9 7 0 , 3 8 6 22 3 2 Ci r c u i t Eq u i p m e n t 1, 1 6 5 , 0 0 1 10 . 0 0 % 11 4 , 5 9 4 (2 8 ) 1, 2 7 9 , 5 6 7 23 1 1 St a t i o n Ap p a r a t u s 23 2 1 Cu s t o m e r Pr e m i s e s Wi r i n g 23 4 1 La r g e Pr i v a t e Br a n c h Ex c h a n g e s 23 5 1 Pu b l i c Te l e p h o n e Te r m i n a l Eq u i p m e n t 11 , 6 8 1 25 . 0 0 % 11 , 6 8 1 23 6 2 Ot h e r Te r m i n a l Eq u i p m e n t 2, 0 4 1 2, 0 4 1 24 1 1 Po l e s 13 , 7 5 6 1, 3 0 4 15 , 0 6 0 24 2 1 Ae r i a l Ca b l e 2, 7 6 1 1, 1 1 3 3, 8 7 4 24 2 2 Un d e r g r o u n d Ca b l e 20 , 9 0 1 2, 3 6 6 23 , 2 6 7 24 2 3 Bu r i e d Ca b l e 2, 7 9 4 , 1 7 5 6. 5 0 % 30 5 , 3 5 4 3, 0 9 9 , 5 2 9 24 2 4 Su b m a r i n e Ca b l e 24 2 6 In t r a b u i l d i n g Ne t w o r k Ca b l e 9, 2 7 2 67 9 9, 9 5 1 24 3 1 Ae r i a l Wi r e 24 4 1 Co n d u i t Sy s t e m s 25 , 7 9 8 5. 0 0 % 6, 1 5 6 31 , 9 5 4 TO T A L 7, 4 1 8 , 1 7 2 68 2 , 3 8 5 (8 8 , 1 8 7 ) 8, 0 1 2 , 3 7 0 *P l e a s e li s t in d i v i d u a l de p r e c i a t i o n ra t e fo r ea c h ac c o u n t . La s t Up d a t e 8/ 9 9 Pa g e 8 AN A L Y S I S OF EN T R I E S IN AC C U M U L A T E D DE P R E C I A T I O N Ac c o u n t 31 0 0 ID A H O Op e r a t i o n s On 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 Ye a r Ra t e * Ye a r Ad j u s t m e n t s of Ye a r An a l y s i s of En t r i e s in Ac c u m u l a t e d De p r e c i a t i o n 21 1 2 Mo t o r Ve h i c l e s SA M E AS TO T A L CO M P A N Y 21 1 3 Ai r c r a f t 21 1 4 Sp e c i a l Pu r p o s e Ve h i c l e s 21 1 5 Ga r a g e Wo r k Eq u i p m e n t 21 1 6 Ot h e r Wo r k Eq u i p m e n t 21 2 1 Bu i l d i n g s 21 2 2 Fu r n i t u r e 21 2 3 Of f i c e Eq u i p m e n t 21 2 4 Ge n e r a l Pu r p o s e Co m p u t e r s 22 1 1 An a l o g El e c t r o n i c Sw i t c h i n g 22 1 2 Di g i t a l El e c t r o n i c Sw i t c h i n g 22 1 5 El e c t r o - M e c h a n i c a l Sw i t c h i n g 22 2 0 Op e r a t o r Sy s t e m s 22 3 1 Ra d i o Sy s t e m s 22 3 2 Ci r c u i t Eq u i p m e n t 23 1 1 St a t i o n Ap p a r a t u s 23 2 1 Cu s t o m e r Pr e m i s e s Wi r i n g 23 4 1 La r g e Pr i v a t e Br a n c h Ex c h a n g e s 23 5 1 Pu b l i c Te l e p h o n e Te r m i n a l Eq u i p m e n t 23 6 2 Ot h e r Te r m i n a l Eq u i p m e n t 24 1 1 Po l e s 24 2 1 Ae r i a l Ca b l e 24 2 2 Un d e r g r o u n d Ca b l e 24 2 3 Bu r i e d Ca b l e 24 2 4 Su b m a r i n e Ca b l e 24 2 6 In t r a b u i l d i n g Ne t w o r k Ca b l e 24 3 1 Ae r i a l Wi r e 24 4 1 Co n d u i t Sy s t e m s TO T A L *P l e a s e lis t in d i v i d u a l de p r e c i a t i o n ra t e fo r ea c h ac c o u n t . La s t Up d a t e 8/ 9 9 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 groupedby classes. BookCostof BookCostof Investments Investments Disposed of Held atDescriptionDateAcquiredThisyearEndofYear 1401 CTC Telecom,Inc.1998 274,979 1402 Cash value life insurance 109,320 1402 Coins 34,497 1402 Land 333,815 1402 System Severe,Inc.26,216 1402 CoBank equity 1997-2000 102,454 1402 Rocky Mountain Wireless 1998 10,000 1402 Syringa Networks LLC 2000 27,249 Totals 10,000 908,530 RECEIVABLES 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. Amount at End of Year Notes Accounts Name of Company Receivable Receivable Due from CUS Towers 229,527 Interexchange carriers &NECA 311,610 CoBank patronage dividends 9,506 CTC Telecom,Inc.217,850 CTC Construction 968,707 Interest and other 36,730 R.&K.Noah,8.5%,due 2013 64,663 R.&B.Cruckett,8.0%,due 2018 110,000 Totals 174,663 1,773,930 Last Update 8/99 Page 10 NOTES PAYABLE For Notes Payable,list each note separately and include the maturity date and interest rate. Interest Name of Creditor Date of Note _Rate Due Date Face Amount None Totals ACCOUNTS PAYABLE Report below all Accounts Payable amounting to more than $100.00 Name of Creditor Amount Totals 311,706 Last Update 8/99 Page 11 LO N G - TE R M DE B T Ac c o u n t s 42 1 0 , 42 4 0 , 42 5 0 , 42 6 0 , 42 7 0 an d 43 1 0 Li s t th e re q u i r e d da t a fo r ea c h ob l i g a t i o n in c l u d e d in th e s e ac c o u n t s , gr o u p i n g th e m by ac c o u n t nu m b e r an d sh o w i n g to t a l s fo r ea c h ac c o u n t . If an y ob l i g a t i o n s ma t u r e se r i a l l y or ot h e r w i s e at va r i o u s da t e s , gi v e pa r t i c u l a r s in a no t e . Da t e Da t e Fa c t Pr e m i u m / Di s c o u n t Cl a s s & Se 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 fo r ye a r of Ob 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 k Am o u n t RU S No t e 19 7 7 20 1 2 97 5 , 0 0 0 51 6 , 2 2 4 5. 0 26 , 6 6 9 RU S No t e Va r i o u s Va r i o u s 2, 9 3 2 , 0 0 0 1, 5 8 6 , 0 6 8 2. 0 32 . 6 9 0 RU S No t e 19 8 5 20 5 0 93 1 , 0 0 0 22 1 , 4 5 0 5. 0 11 , 2 1 9 Co B a n k 19 9 6 20 1 1 4, 7 7 6 , 0 0 0 3, 5 0 2 , 4 0 0 Va r i a b l e 31 1 , 9 4 7 Co B a n k 19 9 7 20 0 7 30 0 , 0 0 0 22 5 , 0 0 0 Va r i a b l e 22 , 4 9 1 Le s s Cu r r e n t Ma t u r i t y (4 8 7 , 7 0 0 ) To t a l 5, 5 6 3 , 4 4 2 40 5 , 0 1 6 La s t Up d a t e 8/ 9 9 Pa g e 12 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 noncumulative. Show details in a footnote of capital stock sold during the year.Include number of shares, consideration received,premium or discount,and expenses incurred. Number Outstanding per of Shares Par Value Balance Sheet Class &Series of Stock Authorized per Share Shares Amount Common stock 30,000 $1.00 30,000 $30,000 Last Update 8/99 Page 13 INCOME &RETAINED EARNINGS STATEMENT Item Total Company Idaho Only Total Operating Income (from page 16)3,010,036 Same as Total Total Operating Expenses (from page 18)2,051,870 Company 7100 Other Operating Income and Expense 958,166 7210 Operating investment Tax Credits-Net (8,410) 7220 Operating Federal Income Taxes 9,276 7230 Operating State and Local Income Taxes (1,613) 7240 Operating Other Taxes 57,006 7250 Provision for Deferred Operating Income Taxes-Net 190,278 7200 Operating Taxes (Total)246,537 7310 Dividend Income 31,686 7320 Interest Income 10,546 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 (223,394) 7370 Special Charges (4,745) 7300 Nonoperating Income and Expense (185,907) 7410 Nonoperating Investment Tax Credits-Net 7420 Nonoperating Federal Income Taxes 7,166 7430 Nonoperating State and Local Income Taxes 2,732 7440 Nonoperating Other Taxes 7450 Provision for Deferred Nonoperating Income Taxes-Net (18,878) 7400 NonoperatingTaxes (8,980) 7510 Interest on Funded Debt 405,016 7520 Interest Expense-Capital Leases 7530 Amortization of Debt Issuance Expense 151 7540 Other Interest Deductions 547 7500 Interest and Related ltems 405,714 7610 Extraordinary Income Credits 7620 Extraordinary Income Charges 7630 Current Income Tax Effect of Extraordinary ltems-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 (36,773) AMOUNT TRANSFERRED TO RETAINED EARNINGS 92,215 Last Update 8/99 Page 14 OPERATING REVENUES Item Total Company Idaho Only Local Network Services Revenues 5001 Basic Area Revenue 431,311 Same as Total 5002 Optional Extended Area Revenue Company 5003 Cellular Mobile Revenue 5004 Other Mobile Services Revenue 5010 Public Telephone Revenue 83 5040 Local Private Line Revenue 5050 Customer Premises Revenue 5060 Other Local Exchange Revenue 53,638 5069 Other Local Exchange Settlements 313,997 Network Access Services Revenues 5081 End User Revenue (SLC)97,225 5082 Switched Access Revenue (Interstate)1,093,548 5083 Special Access Revenue 146,419 5084 State Access Revenue (Intrastate)818,472 Long Distance Network Services Revenues 5100 Long Distance Message Revenue -All Miscellaneous Revenues 5230 Directory Revenue 6,036 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 20,785 5269 Other Revenue Settlements 5270 Carrier Billing &Collection Revenue 28,517 Uncollectible Revenues 5301 Uncollectible Revenue -Telecommunications 5 5302 Uncollectible Revenue -Other TOTAL OPERATING REVENUES 3,010,036 Please identify the following revenues: NECA USF $_306.174_.To what account were they booked?5069.1 State USF $413,380 .To what account were they booked?5084.52 Last Update 8/99 Page 15 OPERATING REVENUES Item Total Company Idaho Only Plant Specific Operations Expense 6110 Network Support Expenses Same as Total 6112 Motor Vehicle Expense 13,559 Company 6113 Aircraft Expense 6114 Special Purpose Vehicles Expense 6115 Garage Work Equipment Expense 6116 Other Work Equipment Expense 127 6120 General Support Expenses 6121 Land and Building Expenses 30,844 6122 Furniture and Artworks Expense 6123 Office Equipment Expense 501 6124 General Purpose Computers Expense 33,834 6210 Central Office Switching Expenses 6211 Analog Electronic Expense 6212 Digital Electronic Expense 186,887 6215 Electro-Mechanical Expense 6220 Operators System Expense 6230 Central Office Transmission Expenses 6231 Radio Systems Expense 1,862 6232 Circuit Equipment Expense 48,430 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 260 6422 Underground Cable Expense 6423 Buried Cable Expense 161,032 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 477,336 Last Update 8/99 Page 16 OPERATING REVENUES Item Total Company Idaho Only Plant Nonspecific Operations Expense 6510 Other Property/Plant/Equipment Expenses Same as Total 6511 Property Held for Future Telecomm.Use Expenses Company 6512 Provisioning Expense 6530 Network Operations Expense 6531 Power Expense 13,476 6532 Network Administration Expense 98 6533 Testing Expense 1,917 6534 Plant Operations Administration Expense 6535 Engineering Expense 35,550 6540 Access Expense 28 6560 Depreciation and Amortization Expenses 6561 Depreciation Expense-Telecom.Plant in Service 682,385 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 733,454 Customer Operations Expense 6610 Marketing 6611 Product Management 6612 Sales 6613 Product Advertising 43,745 6620 Services 6621 Call Completion Services 1,635 6622 Number Services 1,730 6623 Customer Services 191,859 Total Customer Operations Expense 238,969 Corporate Operations Expense 6710 Executive and Planning 6711 Executive 270,128 6712 Planning 6720 General and Administrative 6721 Accounting and Finance 194,215 6722 External Relations 4,448 6723 Human Resources 6724 Information Management 1,737 6725 Legal 26,469 6726 Procurement 6727 Research and Development 6728 Other General and Administrative 105,114 6790 Provision for Uncollectible Notes Receivable Total Corporate Operations Expense 602,111 TOTAL OPERATING EXPENSES 2,051,870 Last Update 8/99 Page 17 CE N T R A L OF F I C E DA T A as of De c e m b e r 31 , 20 0 0 (u n l e s s ot h e r w i s e in d i c a t e d ) Na m e of Ce n t r a l Of f i c e : In d i a n Va l l e y Pr e f i x (e s ) : 25 6 Ce n t r a l Of f i c e Sw i t c h Ty p e : Se i m e n s RL S Ch e c k al l th a t ap p l y : Ch e c k on e : Ch e c k on e : St a n d Al o n e _ Di g i t a l X El e c t r o n i c X Ho s t An a l o g El e c t r o - M e c h a n i c a l Re m o t e X Ot h e r : Ac c e s s Li n e Ca p a c i t y Ac c e s s Li n e s in Us e De s i g n : 10 8 0 Cu s t o m e r Li n e s : 17 0 (I n c l u d e Ce n t r e x , PA L , Se m i - P u b . ) In s t a l l e d / E q u i p p e d : 32 0 Pu b l i c Te l e p h o n e Li n e s 2 Co m p a n y Of f i c i a l Li n e s 2 Co m p a n y Te s t Li n e s Cl a s s i f i c a t i o n of Cu s t o m e r Ac 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 Li n e Mu l t i - Si n g l e Li n e To t a l Lin 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 N. A . R . 1- P a r t y 1- P a r t y Pa r t y Bu s i n e s s & Bu s i n e s s Be g i n n i n g of Ye a r 15 7 6 16 3 Ne w Co n n e c t s 28 11 39 Di s c o n n e c t s 31 1 32 En d of Ye a r 15 4 16 17 0 Fo r e i g n Ex c h a n g e : Di r e c t o r y Li s t i n g s : Dia l To n e fr o m th i s C. O . : Nu m b e r of Cu s t o m e r s wi t h No n p u b l i s h e d or No n l i s t e d : 8 Di a l To n e fr o m an o t h e r C. O . : 2 Cu s t o m Ca l l i n g : Nu m b e r of cu s t o m e r s wi t h at le a s t on e fe a t u r e : 15 To t a l nu m b e r of fe a t u r e s su b s c r i b e d to : 10 La s t Up d a t e 8/9 9 Pa g e 18 CE N T R A L OF F I C E DA T A as of De c e m b e r 31 , 20 0 0 (u n l e s s ot h e r w i s e in d i c a t e d ) Na m e of Ce n t r a l Of f i c e : Co u n c i l Pr e f i x (e s ) : 25 3 Ce n t r a l Of f i c e Sw i t c h Ty p e : Se i m e n s RL S Ch e c k al l th a t ap p l y : Ch e c k on e : Ch e c k on e : St a n d Al o n e _ Di g i t a l X El e c t r o n i c X Ho s t An a l o g _ El e c t r o - M e c h a n i c a l Re m o t e l Ot h e r : Ac c e s s Li n e Ca p a c i t y Ac c e s s Li n e s in Us e De s i g n : 21 6 0 Cu s t o m e r Li n e s : 10 9 2 (I n c l u d e Ce n t r e x , PA L , Se m i - P u b . ) In s t a l l e d / E q u i p p e d : 12 6 0 Pu b l i c Te l e p h o n e Lin e s 8 Co m p a n y Of f i c i a l Li n e s 2 Co m p a n y Te s t Li n e s Cl a s s i f i c a t i o n of Cu s t o m e r Ac 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 Lin e Mu l t i - Si n g l e Li 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 N. A . R . 1- P a r t y 1- P a r t y Pa r t y Bu s i n e s s & Bu s i n e s s Be g i n n i n g of Ye a r 89 4 21 4 11 0 8 Ne w Co n n e c t s 69 14 83 Di s c o n n e c t s 90 9 99 En d o f Y e a r 87 3 21 9 10 9 2 Fo r e i g n Ex c h a n g e : Di r e c t o r y Li s t i n g s : Di a l To n e fr o m th i s C. O . : 2 Nu m b e r of Cu s t o m e r s wit h No n p u b l i s h e d or No n l i s t e d : 38 Di a l To n e fr o m an o t h e r C. O . : Cu s t o m Ca l l i n g : Nu m b e r of cu s t o m e r s wit h at le a s t on e fe a t u r e : 91 To t a l nu m b e r of fe a t u r e s su b s c r i b e d to : 10 La s t Up d a t e 8/9 9 Pa g e 18 CE N T R A L OF F I C E DA T A as of De c e m b e r 31 , 20 0 0 (u n l e s s ot h e r w i s e in d i c a t e d ) Na m e of Ce n t r a l Of f i c e : Ca m b r i d g e Pr e f i x (e s ) : 25 7 Ce n t r a l Of f i c e Sw i t c h Ty p e : Se i m e n s DC O Ch e c k al l th a t ap p l y : Ch e c k on e : Ch e c k on e : St a n d Al o n e Di g i t a l X El e c t r o n i c X Ho s t _ An a l o g El e c t r o - M e c h a n i c a l Re m o t e X Ot h e r : Ac c e s s Li n e Ca p a c i t y Ac c e s s Li n e s in Us e De s i g n : 10 8 0 Cu s t o m e r Li n e s : 59 6 (i n c l u d e Ce n t r e x , PA L , Se m i - P u b . ) In s t a l l e d / E q u i p p e d : 90 0 Pu b l i c Te l e p h o n e Li n e s 12 Co m p a n y Of f i c i a l Lin e s 10 Co m p a n y Te s t Li n e s 1 Cl a s s i f i c a t i o n of Cu s t o m e r Ac c e s s Re s i d e n c e Bu s i n e s s Mu l t i - Sin g l e Li n e Mu l t i - Sin g l e Li 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 N. A . R . 1- P a r t y 1- P a r t y Pa r t y Bu s i n e s s & Bu s i n e s s Be g i n n i n g of Ye a r 60 1 38 63 9 Ne w Co n n e c t s 77 11 2 18 9 Di s c o n n e c t s 22 0 12 23 2 En d o f Y e a r 45 8 13 8 59 6 Fo r e i g n Ex c h a n g e : Di r e c t o r y Li s t i n g s : Di a l To n e fr o m th i s C. O . : 2 Nu m b e r of Cu s t o m e r s wit h No n p u b l i s h e d or No n l i s t e d : 34 Di a l To n e fr o m an o t h e r C. O . : 3 Cu s t o m Ca l l i n g : Nu m b e r of cu s t o m e r s wit h at le a s t on e fe a t u r e : 58 To t a l nu m b e r of fe a t u r e s su b s c r i b e d to : 10 La s t Up d a t e 8/ 9 9 Pa g e 18 CE N T R A L OF F I C E DA T A as of De c e m b e r 31 , 20 0 0 (u n l e s s ot h e r w i s e in d i c a t e d ) Na m e of Ce n t r a l Of f i c e : Cu p r u m Pr e f i x (e s ) : 25 8 Ce n t r a l Of f i c e Sw i t c h Ty p e : Se i m e n s RL G Ch e c k al l th a t ap p l y : Ch e c k on e : Ch e c k on e : St a n d Al o n e Dig i t a l X Ele c t r o n i c X Ho s t An a l o g Ele c t r o - M e c h a n i c a l Re m o t e _ X _ Ot h e r : Ac c e s s Li n e Ca p a c i t y Ac c e s s Lin e s in Us e De s i g n : 90 Cu s t o m e r Li n e s : 53 (in c l u d e Ce n t r e x , PA L , Se m i - P u b . ) In s t a l l e d / E q u i p p e d : 72 Pu b l i c Te l e p h o n e Lin e s O Co m p a n y Of f i c i a l Li n e s 1 Co m p a n y Te s t Li n e s O Cl a s s i f i c a t i o n of Cu s t o m e r Ac 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 Li n e Mu l t i - si n g l e Lin 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 N. A . R . 1- P a r t y 1- P a r t y Pa r t y Bu s i n e s s & Bu s i n e s s Be g i n n i n g of Ye a r 51 2 53 Ne w Co n n e c t s 5 4 9 Di s c o n n e c t s 7 2 9 En d of Ye a r 49 4 53 Fo r e i g n Ex c h a n g e : Di r e c t o r y Li s t i n g s : Dia l To n e fr o m th i s C. O . : 0 Nu m b e r of Cu s t o m e r s wit h No n p u b l i s h e d or No n l i s t e d : 0 Dia l To n e fr o m an o t h e r C. O . : 0 Cu s t o m Ca l l i n g : Nu m b e r of cu s t o m e r s wit h at le a s t on e fe a t u r e : 2 To t a l nu m b e r of fe a t u r e s su b s c r i b e d to La s t Up d a t e 8/9 9 Pa g e 18 CE N T R A L OF F I C E DA T A as of De c e m b e r 31 , 20 0 0 (u n l e s s ot h e r w i s e in d i c a t e d ) Na m e of Ce n t r a l Of f i c e : Lo w m a n Pr e f i x (e s ) : 25 9 Ce n t r a l Of f i c e Sw i t c h Ty p e : Se i m e n s RL S Ch e c k all th a t ap p l y : Ch e c k on e : Ch e c k on e : St a n d Al o n e Di g i t a l X El e c t r o n i c X Ho s t An a l o g Ele c t r o - M e c h a n i c a l Re m o t e _ _ X _ _ Ot h e r : Ac c e s s Li n e Ca p a c i t y Ac c e s s Li n e s in Us e De s i g n : 10 8 0 Cu s t o m e r Li n e s : 26 6 (in c l u d e Ce n t r e x , PA L , Se m i - P u b . ) In s t a l l e d / E q u i p p e d : 45 0 Pu b l i c Te l e p h o n e Lin e s 5 Co m p a n y Of f i c i a l Li n e s 2 Co m p a n y Te s t Li n e s 2 Cl a s s i f i c a t i o n of Cu s t o m e r Ac 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 Lin e Mu l t i - Si n g l e Lin 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 N. A . R . 1- P a r t y 1- P a r t y Pa r t y Bu s i n e s s & Bu s i n e s s Be g i n n i n g of Ye a r 24 6 15 26 1 Ne w Co n n e c t s 32 25 57 Di s c o n n e c t s 50 2 52 En d o f Y e a r 22 8 38 26 6 Fo r e i g n Ex c h a n g e : Di r e c t o r y Li s t i n g s : Di a l To n e fr o m th i s C. O . : 0 Nu m b e r of Cu s t o m e r s wit h No n p u b l i s h e d or No n l i s t e d : 7 Di a l To n e fr o m an o t h e r C. O . : 0 Cu s t o m Ca l l i n g : Nu m b e r of cu s t o m e r s wi t h at le a s t on e fe a t u r e : 12 To t a l nu m b e r of fe a t u r e s su b s c r i b e d to La s t Up d a t e 8/ 9 9 Pa g e 18 NU M B E R OF CA L L S CO M P L E T E D BY CU S T O M E R S DU R I N G (Y e a r ) 0. 0 Av e r a g e # Lo c a l Ca l l s To l l Ca l l s Or i g i n a t e d (T o t a l of al l Ca r r i e r s ) of Cu s t o m e r Nu m b e r Av g . / Av g . / Lo c a l Ex c h a n g e Li n e s in Us e (1 0 0 0 s ) Li n e In t r a s t a t e In t e r s t a t e To t a l Li n e 1. Ca m b r i d g e 62 1 49 9 79 8 18 6 , 8 0 8 22 7 , 8 6 2 41 4 , 6 7 0 66 4 2. Lo w m a n 27 0 21 4 79 8 80 , 0 6 1 97 , 6 5 5 17 7 , 7 1 6 66 4 3. In d i a n Va l l e y 16 9 14 2 79 8 53 , 3 7 4 65 , 1 0 3 11 8 , 4 7 7 66 4 4. Cu p r u m 55 36 79 8 13 , 3 4 3 16 , 2 7 6 29 , 6 1 9 66 4 5. Co u n c i l 1, 1 1 7 89 0 79 8 33 3 , 5 8 6 40 6 , 8 9 6 74 0 , 4 8 2 66 4 6. To t a l 2, 2 3 1 1, 7 8 1 79 8 66 7 , 1 7 2 81 3 , 7 9 2 1, 4 8 0 , 9 6 4 66 4 7 8 9 10 11 12 13 14 15 16 17 18 La s t Up d a t e 8/ 9 9 Pa g e 19 ANNUAL REPORT FOR SMALL TELEPHONE COMPANIESYEARENDEDDECEMBER31,2000 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 4/1/2000 Alternate method of notification N/A Rule IDAPA 31.41.01.403.02 Record of Complaints: Number received by Company 75 Category of complaints (if known): Deposit Disputes Charges on Bill 52 Denial/Termination 1 Quality or Availability of Service 1 Carrier Selection/Assignment 12 Miscellaneous 9 Last Update 8/99 Page 20 CERTIFICATE State of Idaho ) )ss County of ) WE,the undersigned Richard Wiqqins and of the Cambri doe Telephone Company utility, 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. (Chief Office ) (Officer in Charge of Accou s) Subscribed and Sworn to Before Me this <À $day of PR /L ,(Year)X Ò O I . Notary Public .-·· Y My Commissionexpires ¡,(Year)Zûc5 . dklexcelljnelsonlanulrpts/telannualrpt 'vised 8/99 Page 21