HomeMy WebLinkAbout2020Annual Report.pdfCATT\T.
AA{IYLTAL REPORT
OF
Cambridg e Telephone Company
NAME
PO Box 69
Cambridge, lD 83610
ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES GOMMISSION
FOR THE
YEAR ENDED
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ANNUAL REPORT OF SMALL TELEPHONE COMPANIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING DECEMBER 31, 2O2O
COMPANY INFORMATION
Exact name of utility: Cambridge Telephone Company
Address of principal office:P.O. Box 69. Cambridoe. lD 8361 0
Telephone Number Area Code f!Qg_) 257-3314 Emailaddress:ns@ctctele.com
Cities or towns served: Cambridge, Council, lndian Valley, Cuprum, Lowm
Name and title of officer having custody of the general corporate books of account:
Richard Wiggins, General Manage 0
Address of office where corporate books are kept and phone number:
P.O. Box 88,130 Suoerior Street. Cambridoe. lD 83610, (208) 257-3314
Organized under the laws of the State of:ldaho
Date of organization 1966
Form of organization (proprietorship, association, corporation):
lf a Subchapter S Corporation, please specify: N/A
Name and address of controlling company, if N/A
Corporation
Names of affiliated companies. Give address and description of business:
CTC Telecom. lnc.. P.O. Box 69. Cambridqe, lD
836 1 0-Telecommun ications, I nternet and \rVi reless (CLEC)
OFFIGERS
Report below the title, name and office address of each general officer of tl
year. lf there were any changes during the year, show the name, title, and
officer and the date of change.
Title
President
Name
Richard Wiqqins
Address
P.O. Box 88, Cambridge, lD 83610
Vice President Kermit Wiggins P.O. Box 88, Cambridge, lD 83610
Secretary Kristie Kanady P.O. Box 353, Cambridge, lD 83610
Treasurer Joana Wiqoins P.O. Box 88, Cambridge, lD 83610
Rev 3/02 Page 1
These financial statements have not been subjected to an audit, review or compilation engagement, and no
assurance is provided for them.
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
Term Expired
or Current Term
WillExpire
Meetings Aftended
This year
Fees Paid
During Year
Kermit Wiggins lndefinite
P.O. Box 88 Cambridge,lD 83610
Richard Wiggins lndefinite
P.O. Box 88, Cambridge,
Joana Wiggins
P.O. Box 88, Cambridge,
Karen Wiggins
tD 83610
lndefinite
tD 83610
lndefinite
P.O. Box 88, Cambridge,
Kristie Kanady
tD 83610
lndefinite
P.O. Box 88, Cambridge,lD 83610
Name of Chairman of the Board: Kermit Wiggins
Name of Secretary (or Clerk) of Board:Kristie Kanady
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 Title Wages and Bonuses Paid
Richard Wggins President Confidential
Kristie Kanady Secretary/Treasurer Confidential
Jerry Piper Assistant Manager Confidential
Rev 3/02 Page2
These financial statements have not been subjected to an audit, review or compilation engagement, and no
assurance is provided for them.
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.
1 ln 1998, CTC Telecom, lnc. (CTC), a wholly-owned subsidiarv of Cambridqe Telephone Companv,
was incorporated, with an initial investment of $100,000. CTC operates as a Competitive Local
Exchange Carrier in the state of ldaho. Additional capital investments of $6,900,000 have been made
through December 31, 2020.
2 Cambridge Telephone Company (Cambridge) is a member of Syringa Networks, LLC, an ldaho
Limited Liability Company. Cambridge's investment in Syringa as of December 31, 2020 was
$4,909,548 (equity method investment)
3 As of December 31, 2020, the Company has three loans with Zions Bank of $1,828,627
$2,21 1,468, and $638,775 respectively
4 As a result of chanqes in accountinq standards for ooodwill. Cambridoe elected to amortize their
remaininq qoodwill beqinninq in 2014 This resulted in amortization exoense of $169,166 in2020.
The accountinq chanqe is to be applied prospectively, resultinq in no changes to prior year statements.
5 The Company opted into the A-CAM model-based support and is eligible to receive $2,891,180
annually until 2028.
Rev 3/02 Page 3
These financial statements have not been subjected to an audit, review or compilation engagement, and no assurance is
provided for them.
Title of Account
Gurrent Assets1120 Cash and Equivalents1130 Cash1140 SpecialCashDeposits1150 Working Cash Advances1160 Temporarylnvestments1'180 TelecommunicationsAccts. Receivable1181 Accts. Rec. Allow. -Telecommunications
1 190 Other Accounts Receivable1191 Accounts Receivable Allow. - Other1200 Notes Receivable1201 Notes Receivable Allowance1210 lnterest & Dividends Receivable1220 MaterialandSupplies1280 Prepayments1290 Prepaid Rents1300 Prepaid Taxes1310 Prepaid lnsurance1320 Prepaid Directory Expenses1330 Other Prepayments1350 Other Current Assets
Noncurrent Assets1401 lnvestment in Affiliated Companies1402 lnvestment in Nonaffiliated Companies1406 Nonregulated lnvestments1407 Unamortized Debt lssuance Expense1408 Sinking Funds1410 Other Noncurrent Assets1438 Deferred Maintenance & Retirements1439 Deferred Charges1500 Other Jurisdiction Assets - Net
Property, PIant and Equipment2001 Telecommunications Plants in Service2002 Prop. Held for Future Telecom. Use2003 Telecom. Plant under Constr. - Short Term2004 Telecom. Plant under Constr. - Long Term2005 Telecom. Plant Adjustment2006 Nonoperating Plant2007 Goodwill
Depreciation and Amortization Accounts3100 AccumulatedDepreciated3200 Accum. Depre. - Held for Future Use3300 Accumulated Depreciation - Nonoperating3400 Accumulated Amortization - Tangible3410 Accum. Amort. - Capitalized Leases3420 Accum. Amort. - Leasehold lmprovements3500 Accumulated Amortization - Intangible3600 Accumulated Amortization - Other
TOTAL ASSETS
Rev 3/02
BALANCE SHEET
Assets and Other Debits
Balance
Beginning
of Year
756,493
lncrease
or
(Decrease)
-7,4-T
(31e,081)
Balance
at End
of Year
264,047 331,988 67,941
1,177,238 1,055,595 (21,443)
309,655 535,511 225,856
-17,oE,-
=--zyr
---(1?.j42fr1
-r4T
50,215 34,820 (15,395)
3,038,992--354;05X 7,384,378
-ns7m'r
4,345,386
563,452
562 123 (43s)
21 18 115 (3,621)
1,470 1,470
23,938,300 24,031,068 92 768
280,094 317,623 37,529
676,663 507,497 (169,166)
19,076,425 19,675,231 598,806
16,286,232 20,207,913 3,921,681
Page 4
These financial statements have not been subjected to an audit, review or compilation engagement, and no
assurance is provided for them.
BALANCE SHEET
Liabilities & Stockholders' Equity
Title of Account
Current Liabilities
Accounts Payable
Notes Payable
Advance Billings and Payments
Customer Deposits
Current Maturities - Long -Term Debt
Current Maturities - Capital leases
lncome Taxes - Accrued
Other Taxes - Accrued
Net Current Defer. Oper. lncome Taxes
Net Current Defer. Nonoper. lncome Taxes
Other Accrued Liabilities
Other Current Liabilities
Long-Term Debt
Funded Debt
Premium on Long-Term Debt
Discount on Long-Term Debt
Reacquired Debt
Obligations Under Capital Leases
Advances from Affiliated Companies
Other Long-Term Debt
Other Liabilities & Deferred Gredits
Other Long-Term Liabilities
Unamort. Oper. lnvest. Tax Credits - Net
Unamort. Nonoper. lnvest. Tax Credits - Net
Net Noncurrent Defer. Oper. lncome Taxes
Net Noncur. Defer. Nonoper. lncome Taxes
Other Deferred Credits
Other Juris. Liab. & Def. Credits - Net
Stockholders' Equity
CapitalStock
Additional Paid-ln Capital
Treasury Stock
Other Capital
Retained Earnings
4010
4020
4030
4040
4050
4060
4070
4080
41 00
4110
4120
41 30
4210
4220
4230
4240
4250
4260
4270
431 0
4320
4330
4340
4350
4360
4370
451 0
4520
4530
4540
4550
Balance
Beginning
ofYear
202,264
404,093
86 148
13,619
197 170
1,549,090
899,662
(122,207\
17,885
221 703
30,000
Balance
at End
of Year
163,319
lncrease
or
(Decrease)
(38,945)
255,310 (148,783)
152,864 66 716
6,1 90
1,110,917
8,890
820,000
2 700
(2e0,e 17)
14,277 659
260,591 63 421
3,858,870 2,309,780
923,636 23,974
(212,946\(90,739)
8,799 (9,086)
1 99,1 45 (22,558)
30,000
(247,511)(397,s1 1)(150,000)
11,917,210 14,122,669 2,205,459
TOTAL LIAB. & OTHER CREDITS 16,286,232 20,207,913 3,921,681
Rev 3/02 Page 5
These financial statements have not been subjected to an audit, review or compilation engagement, and no
assurance is provided for them.
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INVESTMENTS
Report below the investments in Accounts 1401, 1402 and 1406. ldentify each investment as to the
account in which included. Minor amounts in Account 1406 may be grouped by classes.
Book Cost of
lnvestments
Disposed of
This vear
Book Cost of
lnvestments
Held at
End of Year
7,384,378
Description
CTC Telecom, lnc
Date Acquired
1998
Cash value life insurance
Syringa Networks, LLC 2000-2008 4,909,548
151 439
NRTC 2003-2020 36,517
Totals 12 481 883
RECElVABLES
Itemize amounts show in Accounts 1 1 80, 1 1 90 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
Name of Companv
Due from customers
Notes
Receivable
Accounts
Receivable
331
lnterexchanqe carriers
988
374,250
CTC Telecom lnc.667 991
13,354Other
Totals 1,387,583
Rev 3/02 Page 10
These financial statements have not been subjected to an audit, review or compilation engagement, and no
assurance is provided for them.
NOTES PAYABLE
For Notes Payable, list each note separately and include the maturity date and interest rate.
lntorest
Name of Creditor Date of Note Rate Due Date Face Amount ,
Ford Credit line of credit '1012812020 255,310
Totals 255 310
ACCOUNTS PAYABLE
Report below all Accounts Payable amounting to more than $100.00
Name of Creditor
Bankcard Center
Amount
15 127
Blue Cross of ldaho 5484
BKD LLP 5243
Computer Technology lnc o 663
ldaho Dept of Commerce 3,278
ldaho Power 318
Kermit Wioqins 30 000
lnterstate TRS Fund 129
Neustar lnfo Services 't,204
Power and Telephone Supply 24,636
Universal Service Admin 6,407
IRS 13 145
Vermeer 31,250
Sales and Use Tax 12 151
Other Miscellaneous 939
Totals '163,31 I
Rev 3/02 Page 11
These financial statements have not been subjected to an audit, review or compilation engagement, and no assurance is provided for
them.
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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. lnclude number of shares,
consideration received, premium or discount, and expenses incurred.
Glass & Series of Stock
Common stock
Number
of Shares
Authorized
30 000
Par Value
oer Share
$ 1.00
Outstanding per
Balance Sheet
Shares
30,000
179766
30,000
Rev 3/02 Page 13
These financial statements have not been subjected to an audit, review or compilation engagement, and no
assurance is provided for them.
Item
INCOME & RETAINED EARNINGS STATEMENT
TotalCompany ldaho Only
TotalOperating lncome (from page 15)
Total Operating Expenses (from page 17)
7100 Other Operating lncome and Expense
7210 Operaling lnvestment Tax Credits-Net
7220 Operating Federal lncome Taxes
7230 Operating State and Local lncome Taxes
7240 Operaling Other Taxes
7250 Provision for Deferred Operating lncome Taxes-Net
7200 Operating Taxes (Total)
4,893,125 Same as
total company3,970,881
26,412
366 723
4,239
43,852
(115,73s)
325,491
7310
7320
7330
7340
7350
7360
7370
7300
7410
7420
7430
7440
7450
7400
Dividend lncome
lnterest lncome
lncome from Sinking and Other Funds
Allowance for Funds Used During Construction
Gains/Losses from the Disposition of Certain Property
Other Nonoperating lncome
SpecialCharges
Nonoperating lncome and Expense
Nonoperating lnvestment Tax Credits-Net
Nonoperating Federal lncome Taxes
Nonoperating State and Local lncome Taxes
Nonoperating Other Taxes
Provision for Deferred Nonoperating lncome Taxes-Net
Nonoperating Taxes
lnterest on Funded Debt
lnterest Expense-Capital Leases
Amortization of Debt lssuance Expense
Other lnterest Deductions
lnterest and Related ltems
0
64
0
122 547
(11,716)
110 895
0
247 456
81 836
(e,086)
320 206
7510
7520
7530
7540
7500
54 594
103 977
439
153
'159 163
7610 Extraordinary lncome Credits
7620 Extraordinary lncome Charges
7630 Current lncome Tax Effect of Extraordinary ltems-Net
7640 Provision for Deferred lncome Tax Effect of
Extraordinary ltems-Net
7600 Extraordinary ltems
7910 lncome Effect of Jurisdictional Ratemaking
Differences-Net
7990 Nonregulated Net lncome 977 180
AMOUNT TRANSFERRED TO RETAINED EARNINGS 2,205,459
Rev 3/02 Page 14
These financial statements have not been subjected to an audit, review or compilation engagement, and no
assurance is provided for them.
Item
OPERATING REVENUES
TotalCompany ldaho Only
5001
5002
5003
5004
501 0
5040
5050
5060
5069
Local Network Services Revenues
Basic Area Revenue
Optional Extended Area Revenue
Cellular Mobile Revenue
Other Mobile Services Revenue
Public Telephone Revenue
Local Private Line Revenue
Customer Premises Revenue
Other Local Exchange Revenue
Other Local Exchange Settlements
Network Access Services Revenues
End User Revenue (SLC)
Switched Access Revenue (lnterstate)
Special Access Revenue
State Access Revenue (lntrastate)
Long Distance Network Services Revenues
Long Distance Message Revenue - All
Miscellaneous Revenues
Directory Revenue
Rent Revenue
Corporate Operations Revenue
Special Billing Arrangements Revenue
Customer Operations Revenue
PIant Operations Revenue
Other lncidental Regulated Revenue
Other Revenue Settlements
Carrier Billing & Collection Revenue
Uncollectible Revenues
Uncollectible Revenue - Telecommunications
Uncollectible Revenue - Other
505,474
82,828
2,921,360
176,482
843,579
1 00,1 00
250,724
5,578
2,800
2,421
0
779
totalcompany
Same as
5081
5082
5083
5084
51 00
5301
5302
5230
5240
5250
5261
5262
5263
5264
5269
5270
TOTAL OPERATING REVENUES 4,893,125
Please identify the following revenues:
NECA USF $_2,891,180_. To what account were they booked?
State USF $_1 38, 162_. To what account were they booked?
5069.1
5084.52
Rev 3/02 Page 15
These financial statements have not been subjected to an audit, review or compilation engagement, and no
assurance is provided forthem.
Item
OPERATING REVENUES
Total Gompany ldaho 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 Office Transmission Expenses
6231 Radio Systems Expense
6232 Circuit Equipment Expense
631 0 lnformation Originationffermination Expense
631'l 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 lntrabuilding Network Cable Expense
6431 Aerial Wire Expense
6441 Conduit Systems Expense
Same as
8,219 totalcompany
96,425
20,943
109,230
136,282
13,397
291 155
325,040
TOTAL PLANT SPECIFIC OPERATIONS EXPENSE 1,000,691
Rev 3/02 Page 16
These financial statements have not been subjected to an audit, review or compilation engagement, and no
assurance is provided for them.
a
Item
OPERATING REVENUES
TotalCompany ldaho Only
Plant Nonspecific Operations Expense
6510 Other Property/PlanUEquipment 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 - lntangible
6565 Amortization Expense - Other
Total Plant Nonspecific Operations Expenses
Customer Operations Expense
66'10 Marketing
661'1 Product Management
6612 Sales
6613 Product Advertising
6620 Services
6621 Call Completion Services
6622 Number Services
6623 Customer Services
Total Customer Operations Expense
6710
6711
6712
6720
6721
6722
6723
6724
6725
6726
6727
6728
6790
Corporate Operations Expense
Executive and Planning
Executive
Planning
General and Administrative
Accounting and Finance
External Relations
Human Resources
lnformation Management
Legal
Procurement
Research and Development
Other General and Administrative
Provision for Uncollectible Notes Receivable
Total Corporate Operations Expense
Same as
total company
192,538
50
2,231
69,517
1,328,882
1 69,166
1 762 384
41,962
8,592
'166,917
217 471
413,615
341,897
0
4,660
990,335
TOTAL OPERATING EXPENSES 3,970,881
Rev 3/02 Page 17
These financial statements have not been subjected to an audit, review or compilation engagement, and no assurance is
provided for them.
0
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a',
ANNUAL REPORT FOR SMALL TELEPHONE COMPANIES
YEAR ENDED DECEMBER 3'1,2020.
CUSTOMER RELATIONS RULES COMPLIANCE
Rule IDAPA 31.21.01.603
Rule IDAPA 31.41.01.1 05
Please provide copies of:
Summarv of Customer Relations Rules for Teleohone Corporations
ldaho Teleohone Solicitation Act Notification
Method of Notification:
Mailed separately to customers Yes X No_
lncluded in directory Yes_ No X
Date of notification 1211120
Alternate method of notification
Rule IDAPA 31.41.01 .403.02
Record of Complaints:
Number received by Company
Category of complaints (if known):
Deposit Disputes
Charges on Bill
Denial/Termination
Quality or AvailabilitY
of Service
Carrier Selection/Assignment
Miscellaneous
Rev 3/02
11
7
4
Page 20
These financial statements have not been subjected to an audit, review or compilation engagement, and no
assurance is provided for them.
I a
|l (r i
CERTIFICATE
State of ldaho
County of Washington
WE, the undersigned RICHARD WGGINS
of the CAMBRIDGE TELEPHO 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
-
in Charge
ss
t
Subscribed and Sworn to Before Me this gday of
/rr")
Aoril )o7l, (Year) 9et{F .
4f
ublic
My Commission expires 2-7 , (Year) Jo zz.
Rev 3i02
gdUexcel/jnelson/anu lrptytelannualrpt
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